<SEC-DOCUMENT>0000784056-20-000033-index.html : 20200330
<SEC-HEADER>0000784056-20-000033.hdr.sgml : 20200330
<ACCEPTANCE-DATETIME>20200330081945
ACCESSION NUMBER:		0000784056-20-000033
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20200330
DATE AS OF CHANGE:		20200330
EFFECTIVENESS DATE:		20200330

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AQUILA MUNICIPAL TRUST
		CENTRAL INDEX KEY:			0000784056
		IRS NUMBER:				136864349
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-01857
		FILM NUMBER:		20754163

	BUSINESS ADDRESS:	
		STREET 1:		120 WEST 45TH STREET
		STREET 2:		STE 3600
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		2126976666

	MAIL ADDRESS:	
		STREET 1:		120 WEST 45TH STREET
		STREET 2:		SUITE 3600
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TAX-FREE TRUST OF ARIZONA
		DATE OF NAME CHANGE:	20060126

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TAX FREE TRUST OF ARIZONA
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AQUILA FUNDS TRUST
		CENTRAL INDEX KEY:			0000707800
		IRS NUMBER:				136818961
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	002-79722
		FILM NUMBER:		20754160

	BUSINESS ADDRESS:	
		STREET 1:		120 WEST 45TH STREET
		STREET 2:		SUITE 3600
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		2126976666

	MAIL ADDRESS:	
		STREET 1:		120 WEST 45TH STREET
		STREET 2:		SUITE 3600
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AQUILA THREE PEAKS HIGH INCOME FUND
		DATE OF NAME CHANGE:	20060316

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PRIME CASH FUND
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HAWAIIAN TAX FREE TRUST
		CENTRAL INDEX KEY:			0000750909
		IRS NUMBER:				136845048
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	002-92583
		FILM NUMBER:		20754161

	BUSINESS ADDRESS:	
		STREET 1:		120 WEST 45TH STREET
		STREET 2:		#3600
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		2126976666

	MAIL ADDRESS:	
		STREET 1:		120 WEST 45TH STREET
		STREET 2:		#3600
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CASCADES TRUST
		CENTRAL INDEX KEY:			0000791049
		IRS NUMBER:				136868231
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-04382
		FILM NUMBER:		20754162

	BUSINESS ADDRESS:	
		STREET 1:		120 WEST 45TH STREET
		STREET 2:		SUITE 3600
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		2126976666

	MAIL ADDRESS:	
		STREET 1:		120 WEST 45TH STREET
		STREET 2:		SUITE 3600
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TAX FREE TRUST OF OREGON
		DATE OF NAME CHANGE:	19890810
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0000707800
<SERIES-ID>S000009167
<SERIES-NAME>AQUILA THREE PEAKS HIGH INCOME FUND
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000024922
<CLASS-CONTRACT-NAME>Aquila Three Peaks High Income Fund Class A
<CLASS-CONTRACT-TICKER-SYMBOL>ATPAX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000033899
<CLASS-CONTRACT-NAME>Aquila Three Peaks High Income Fund Class C
<CLASS-CONTRACT-TICKER-SYMBOL>ATPCX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000033900
<CLASS-CONTRACT-NAME>Aquila Three Peaks High Income Fund Class I
<CLASS-CONTRACT-TICKER-SYMBOL>ATIPX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000033901
<CLASS-CONTRACT-NAME>Aquila Three Peaks High Income Fund Class Y
<CLASS-CONTRACT-TICKER-SYMBOL>ATPYX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000180479
<CLASS-CONTRACT-NAME>Aquila Three Peaks High Income Fund Class F
<CLASS-CONTRACT-TICKER-SYMBOL>ATPFX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000707800
<SERIES-ID>S000041644
<SERIES-NAME>Aquila Three Peaks Opportunity Growth Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129287
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>ATGAX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129288
<CLASS-CONTRACT-NAME>Class C
<CLASS-CONTRACT-TICKER-SYMBOL>ATGCX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129289
<CLASS-CONTRACT-NAME>Class I
<CLASS-CONTRACT-TICKER-SYMBOL>ATRIX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129290
<CLASS-CONTRACT-NAME>Class Y
<CLASS-CONTRACT-TICKER-SYMBOL>ATGYX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000180481
<CLASS-CONTRACT-NAME>Class F
<CLASS-CONTRACT-TICKER-SYMBOL>ATGFX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000750909
<SERIES-ID>S000009108
<SERIES-NAME>HAWAIIAN TAX-FREE TRUST
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000024774
<CLASS-CONTRACT-NAME>HAWAIIAN TAX-FREE TRUST CLASS A
<CLASS-CONTRACT-TICKER-SYMBOL>HULAX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000024775
<CLASS-CONTRACT-NAME>HAWAIIAN TAX-FREE TRUST CLASS C
<CLASS-CONTRACT-TICKER-SYMBOL>HULCX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000024777
<CLASS-CONTRACT-NAME>HAWAIIAN TAX-FREE TRUST CLASS Y
<CLASS-CONTRACT-TICKER-SYMBOL>HULYX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000188793
<CLASS-CONTRACT-NAME>HAWAIIAN TAX-FREE TRUST CLASS F
<CLASS-CONTRACT-TICKER-SYMBOL>HULFX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000784056
<SERIES-ID>S000009132
<SERIES-NAME>AQUILA TAX-FREE TRUST OF ARIZONA
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000024833
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>AZTFX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000024834
<CLASS-CONTRACT-NAME>Class C
<CLASS-CONTRACT-TICKER-SYMBOL>AZTCX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000024836
<CLASS-CONTRACT-NAME>Class Y
<CLASS-CONTRACT-TICKER-SYMBOL>AZTYX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000188809
<CLASS-CONTRACT-NAME>Class F
<CLASS-CONTRACT-TICKER-SYMBOL>AZFFX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000784056
<SERIES-ID>S000041640
<SERIES-NAME>Aquila Tax-Free Fund of Colorado
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129271
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>COTFX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129272
<CLASS-CONTRACT-NAME>Class C
<CLASS-CONTRACT-TICKER-SYMBOL>COTCX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129274
<CLASS-CONTRACT-NAME>Class Y
<CLASS-CONTRACT-TICKER-SYMBOL>COTYX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000188811
<CLASS-CONTRACT-NAME>Class F
<CLASS-CONTRACT-TICKER-SYMBOL>COFFX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000784056
<SERIES-ID>S000041641
<SERIES-NAME>Aquila Churchill Tax-Free Fund of Kentucky
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129275
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>CHTFX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129276
<CLASS-CONTRACT-NAME>Class C
<CLASS-CONTRACT-TICKER-SYMBOL>CHKCX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129277
<CLASS-CONTRACT-NAME>Class I
<CLASS-CONTRACT-TICKER-SYMBOL>CHKIX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129278
<CLASS-CONTRACT-NAME>Class Y
<CLASS-CONTRACT-TICKER-SYMBOL>CHKYX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000188813
<CLASS-CONTRACT-NAME>Class F
<CLASS-CONTRACT-TICKER-SYMBOL>CHKFX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000784056
<SERIES-ID>S000041642
<SERIES-NAME>Aquila Narragansett Tax-Free Income Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129279
<CLASS-CONTRACT-NAME>Class C
<CLASS-CONTRACT-TICKER-SYMBOL>NITCX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129280
<CLASS-CONTRACT-NAME>Class I
<CLASS-CONTRACT-TICKER-SYMBOL>NITIX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129281
<CLASS-CONTRACT-NAME>Class Y
<CLASS-CONTRACT-TICKER-SYMBOL>NITYX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129282
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>NITFX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000188815
<CLASS-CONTRACT-NAME>Class F
<CLASS-CONTRACT-TICKER-SYMBOL>NIFFX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000784056
<SERIES-ID>S000041643
<SERIES-NAME>Aquila Tax-Free Fund For Utah
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129283
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>UTAHX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129284
<CLASS-CONTRACT-NAME>Class C
<CLASS-CONTRACT-TICKER-SYMBOL>UTACX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129286
<CLASS-CONTRACT-NAME>Class Y
<CLASS-CONTRACT-TICKER-SYMBOL>UTAYX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000188818
<CLASS-CONTRACT-NAME>Class F
<CLASS-CONTRACT-TICKER-SYMBOL>UTAFX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0000791049
<SERIES-ID>S000006648
<SERIES-NAME>AQUILA TAX-FREE TRUST OF OREGON
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000018137
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>ORTFX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000018138
<CLASS-CONTRACT-NAME>Class C
<CLASS-CONTRACT-TICKER-SYMBOL>ORTCX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000018140
<CLASS-CONTRACT-NAME>Class Y
<CLASS-CONTRACT-TICKER-SYMBOL>ORTYX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000188797
<CLASS-CONTRACT-NAME>Class F
<CLASS-CONTRACT-TICKER-SYMBOL>ORFFX
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>multireg497-3020.htm
<DESCRIPTION>SUPPLEMENT TO THE PROSPECTUS AND SUMMARY PROSPECTUS
<TEXT>
Document 1 - file: multireg497-3020.htm

</DOCUMENT>
</SEC-DOCUMENT>