EX-22

Shareholder Meeting Results (unaudited)

The Annual Meeting of Shareholders of Tax-Free Trust
of Oregon (the "Trust") was held on May 19, 2003.  The
holders of shares representing 82% of the total net asset
value of the shares entitled to vote were present in person or
by proxy.  At the meeting, the following matters were voted upon
and approved by the shareholders (the resulting votes for are
presented below).

1. To elect Trustees.

Number of  Votes:

		Trustee			    	For		Withheld

		Lacy B. Herrmann			30,708,149	289,072
		Gary c. Cornia			30,762,839	234,382
		David B. Frohnmayer		30,712,191	285,031
		James A. Gardner			30,721,340	275,881
		Diana P. Herrmann			30,701,935	295,286
		Raymond H. Lung			30,727,020	270,201
		John W. Mitchell			30,753,889	243,332
		Patricia L. Moss			30,784,666	212,555
		Ralph R. Shaw			30,763,318	233,903
		Nancy Wilgenbusch			30,764,631	232,590

2. To ratify the selection of KPMG LLP as the Trust's independent
auditors.

Number of  Votes:

		For				Against		Abstain

		30,415,913			113,083		468,225

EX-99

Independent Auditor's Report

To the Board of Trustees and Shareholders of
Tax-Free Trust of Oregon:

In planning and performing our audit of the financial
statements of the Tax-Free Trust of Oregon (the "Trust")
for the year ended September 30, 2003, we considered its
internal control, including control activities for
safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the
financial statements and financial highlights and to comply
with the requirements of Form N-SAR, not to provide assurance
on internal control.

The management of the Trust is responsible for establishing
and maintaining internal control.  In fulfilling this
responsibility, estimates and judgments by management are required
to assess the expected benefits and related costs of controls.
Generally, controls that are relevant to an audit pertain to
the entity's objective of preparing financial statements and
financial highlights for external purposes that are fairly
presented in conformity with accounting standards generally
accepted in the United States of America.  Those controls
include the safeguarding of assets against unauthorized acquisition,
use, or disposition.

Because of inherent limitations in internal control, error or
fraud may occur and not be detected.  Also, projection of any
evaluation of internal control to future periods is subject to the
risk that it may become inadequate because of changes in conditions
or that the effectiveness of the design and operation may deteriorate.

Our consideration of internal control would not necessarily disclose
all matters in internal control that might be material weaknesses
under standards established by the American Institute of Certified
Public Accountants.  A material weakness is a condition in which the
design or operation of one or more of the internal control components
does not reduce to a relatively low level the risk that misstatements
caused by error or fraud in amounts that would be material in relation
to the financial statements being audited may occur and not be detected
within a timely period by employees in the normal course of performing
their assigned functions.  However, we noted no matters involving
internal control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as defined above
as of September 30, 2003.

This report is intended solely for the information and use of management
and the Board of Trustees and Shareholders of the Tax-Free Trust of Oregon
and the Securities and Exchange Commission and is not intended to be and
should not be used by anyone other than these specified parties.


/s/  KPMG LLP
- -------------

New York, New York
November 14, 2003