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VOYAGEUR COLORADO TAX-FREE FUND MAKES BUSINESS WEEK'S BEST BOND FUND LIST

 NEW YORK, Dec. 30 /PRNewswire/ -- Business Week Magazine's December 23 issue cited the Voyageur Colorado Tax-Free Fund as one of the top 20 of 1992's Best Tax-Free Bond Funds. The fund has achieved a total return of 9.73 percent (including appreciation plus reinvested dividends and capital gains) for one year through Dec. 11, 1992.
 The Voyageur Colorado Tax-Free Fund has also received Morningstar's Five-Star Rating according to the recently published 1992 Morningstar Mutual Fund Sourcebook. It is the only Five-Star rated fund of the eight Colorado municipal bond funds. It is also rated as number one out of four funds for five years, according to Lipper Analytical Services.
 Business Week stated that the average municipal bond fund was up 7.85 percent, which beat the average of 5.19 percent for government-bond funds. Business Week drew its results from Morningstar, Inc. data.
 "Municipal bonds continue to prove their importance in investment portfolios, particularly as consumers look for alternatives for CD rollover dollars and face the tax changes expected to be enacted by the new Clinton administration," said Andrew M. McCullagh, Jr., portfolio manager.
 Voyageur has $3.5 billion entrusted to it by pension and profit sharing plans, commercial banks, insurance companies, public and non- profit entities, high net worth individuals and 16 mutual funds, investing in municipal bonds in California, Colorado, Florida, Minnesota, Arizona, Missouri, Kansas, New Mexico, North Dakota, and Utah as well as government bonds and growth stocks.
 -0- 12/30/92
 /CONTACT: Andrew M. McCullagh, Jr., of Voyageur Tax-Free Fund, 303-292-0300; or Lisbeth Wiley Chapman of Ink & Air, 617-455-8837 for Voyageur Tax-Free Fund/


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

DD -- NE005 -- 0591 12/30/92 11:40 EST
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Publication:PR Newswire
Date:Dec 30, 1992
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