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MONEY MAGAZINE NAMES VOYAGEUR BEST TAX-FREE FUND IN COLORADO

 NEW YORK, May 5 /PRNewswire/ -- MONEY Magazine's May issue cites Voyageur Colorado Tax-Free Fund as the top-performing tax-free fund in Colorado for the year ended 4/1/93. The article "Picking the Best Tax- Free Funds in Your State" focused on single-state municipal bond funds as "among today's hottest investments," and cautioned readers to look for high average credit ratings, with relatively low expenses and sales commissions. Voyageur Colorado Tax-Free Fund holds a portfolio of AA municipal credits.
 Voyageur's state specific bond funds in Florida, Minnesota and North Dakota also ranked number one in their respective states in the MONEY special report using Morningstar data. Voyageur Colorado holds a FIVE STAR ranking from Morningstar.
 Voyageur's growth strategy is to focus on regional municipal markets "where performance requires in-depth knowledge and grass roots attention to detail," said John G. Taft, president of the Voyageur Companies. Taft says the company's primary market is the highly conservative investor who likes to sleep at night. People must like their sleep, because Voyageur's growth is four times the industry's average.
 The Minneapolis-based Voyageur Companies has $4.5 billion under management from pension funds, profit sharing plans, commercial banks, insurance companies, public and non-profit entities, high net worth individuals and mutual funds. The firm's 18 open- and four closed-end funds are invested in municipal bonds in Arizona, California, Colorado, Florida, Kansas, Minnesota, Missouri, New Mexico, North Dakota, Oregon, Utah and Washington. In addition, Voyageur manages a national municipal bond fund, a government bond fund and a growth equity fund.
 -0- 5/5/93
 /CONTACT: Dale Kurtz, 1-800-247-1576, of Voyageur, or Lisbeth Wiley Chapman of Ink & Air, 617-455-8837, for Voyageur/


CO: Voyageur Colorado Tax-Free Fund ST: Colorado, New York IN: FIN SU:

DJ -- NE001 -- 4896 05/05/93 13:07 EDT
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Publication:PR Newswire
Date:May 5, 1993
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