Fund #1 The Kansas Municipal Fund
Premiums and discounts - Premiums and discounts on municipal securities are
amortized for financial reporting purposes. On August 1, 2001, the Fund
adopted the provisions of the American Institute of Certified Public
Accountants' revised Audit and Accounting Guide - Audits of Investment
Companies (the guide). The guide requires all premiums and discounts on
debt securities to be amortized. Prior to August 1, 2001, the Fund recognized
market discount at time of disposition as gain or loss. Upon adoption, the
Fund adjusted the cost of its debt securities, and corresponding unrealized
gain/loss thereon, in the amount of the cumulative amortization that
would have been recognized had amortization been in effect from the purchase
date of each holding. The effect of this cumulative adjustment was $3,338 for
the Fund. For the six months ended January 31, 2002, the effect of the
change for the Fund was insignificant to net investment income, net realized
gain/loss on investments, and net unrealized gain/loss on investments. This
change had no effect on the Fund's net assets or total return.


Fund #2 The Kansas Insured Intermediate Fund
Premiums and discounts - Premiums and discounts on municipal securities are
amortized for financial reporting purposes. On August 1, 2001, the Fund
adopted the provisions of the American Institute of Certified Public
Accountants' revised Audit and Accounting Guide - Audits of Investment
Companies (the guide). The guide requires all premiums and discounts on
debt securities to be amortized. Prior to August 1, 2001, the Fund recognized
market discount at time of disposition as gain or loss. Upon adoption, the
Fund adjusted the cost of its debt securities, and corresponding unrealized
gain/loss thereon, in the amount of the cumulative amortization that would
have been recognized had amortization been in effect from the purchase date
of each holding. The effect of this cumulative adjustment was $1,769 for the
Fund. For the six months ended January 31, 2002, the effect of the change for
the Fund was insignificant to net investment income, net realized gain/loss
on investments, and net unrealized gain/loss on investments. This change had
no effect on the Fund's net assets or total return.


Fund #3 The Nebraska Municipal Fund
Premiums and discounts - Premiums and discounts on municipal securities are
amortized for financial reporting purposes. On August 1, 2001, the Fund
adopted the provisions of the American Institute of Certified Public
Accountants' revised Audit and Accounting Guide - Audits of Investment
Companies (the guide). The guide requires all premiums and discounts on
debt securities to be amortized. Prior to August 1, 2001, the Fund recognized
market discount at time of disposition as gain or loss. Upon adoption, the
Fund adjusted the cost of its debt securities, and corresponding unrealized
gain/loss thereon, in the amount of the cumulative amortization that would
have been recognized had amortization been in effect from the purchase date
of each holding. The effect of this cumulative adjustment was $14,098 for the
Fund.  For the six months ended January 31, 2002, the effect of the change
for the Fund was insignificant to net investment income, net realized
gain/loss on investments, and net unrealized gain/loss on investments. This
change had no effect on the Fund's net assets or total return.


Fund #4 The Oklahoma Municipal Fund
Premiums and discounts - Premiums and discounts on municipal securities are
amortized for financial reporting purposes. On August 1, 2001, the Fund
adopted the provisions of the American Institute of Certified Public
Accountants' revised Audit and Accounting Guide - Audits of Investment
Companies (the guide). The guide requires all premiums and discounts on
debt securities to be amortized. Prior to August 1, 2001, the Fund recognized
market discount at time of disposition as gain or loss. Upon adoption, the
Fund adjusted the cost of its debt securities, and corresponding unrealized
gain/loss thereon, in the amount of the cumulative amortization that would
have been recognized had amortization been in effect from the purchase date
of each holding. The effect of this cumulative adjustment was $83 for the
Fund. For the six months ended January 31, 2002, the effect of the change for
the Fund was insignificant to net investment income, net realized gain/loss
on investments, and net unrealized gain/loss on investments. This change had
no effect on the funds' net assets or total return.