Record of Securities Purchased
Under the Rule 10f-3 Procedures

1.	Issuer:	City of Atlanta Airport, GA

2. 	Date of purchase: 11/10/04

3.	Underwriter from whom purchased: Merrill Lynch & Co.

4.	Name of Affiliated Broker Dealer (as defined in the Rule 10f-3
 	procedures) managing or participating in syndicate (attach
	list of all members of syndicate): Merrill Lynch & Co.,
	AG Edwards, Advest, the Malachi Group, SunTrust Capital Markets,
	Inc., Backstrom Mc Carley Bersy & Co., Jackson Securities,
	Harvestons Securities.

5.	Aggregate principal amount of purchase:	$3,000,000

6. 	Aggregate principal amount of offering:	Total deal $372,195,000
	Maturity 2025 $8,090,000

7. 	Purchase price (Net of fees and expenses): 102.713

8. 	Date offering commenced: 11/9/04

9.	Offering price at close of first full business day on which any
	sales are made:	102.713



10.	Commission, spread or profit: $4.00 per bond

	$_______12,000___________

11.	Fund: __STI Investment Grade Tax Exempt FUnd______

12.	Have the following conditions been satisfied:

a. Registered Public Offerings:  The securities are a part of an issue
registered under the Securities Act of 1933, which is being offered to
the public:

Yes: __X___    No: _____

b. Municipal Securities:  The securities (i) are "municipal securities"
as defined in Section 3(a)(29) of the Securities Exchange Act of 1934;
(ii) the issuer of such securities has received an investment grade rating
from a nationally recognized statistical rating organization; and (iii) if
the issuer or entity supplying the revenues from which the issue is to be
paid has been in continuous operation for less than three years (including
the operations of any predecessors), it has received one of the three
highest ratings from at least one such rating service.

Yes: __X___    No: _____

c. Foreign Offerings:  The securities are offered publicly under the laws
of a country other than the United States and (i) the offering is subject
to regulation by a "foreign financial regulatory authority," as defined in
Section 2(a)(50) of the 1940 Act, in the country in which the public
offering occurs; (ii) the securities are offered at a fixed price to all
purchasers in the offering (except for any rights to purchase securities
that are required by law to be granted to existing security holders of the
issuer); (iii) financial statements, prepared and audited in accordance
with standards required or permitted by the appropriate foreign financial
regulatory authority in the country in which the public offering occurs,
for the two years prior to the offering, are available to the public and
prospective purchasers in connection with the offering; and (iv) if the
issuer is a Domestic Issuer (a) it has a class of securities registered
pursuant to section 12(b) or 12(g) of the 1934 Act or is required to file
reports pursuant to section 15(d) of the 1934 Act; and (b) it has filed
all the material required to be filed pursuant to section 13(a) or 15(d)
of the 1934 Act for a period of at least twelve months immediately
preceding the sale of such securities (or for such shorter period that
the issuer was required to file such material).

Yes: _____    No: __NA___

d. Rule 144A Offerings:  The securities are (i) offered or sold in
transactions exempt from registration under section 4(2) of the 1934 Act,
Rule 144A thereunder, or Rules 501- 508 thereunder; (ii) the securities
are sold to qualified institutional buyers, as defined in Rule 144(a)(1);
and (iii) the securities are eligible for resale to other qualified
institutional buyers pursuant to Rule 144A.

Yes: _____    No: __X___

e. In respect of any securities other than municipal securities, the
issuer of such securities has been in continuous operation for not less
than three years (including the operations of predecessors).

Yes: _____    No: __NA___

f. The securities were purchased prior to the end of the first day on
which any sales were made, at a price that was not more than the price
paid by each other purchaser of securities in that offering or in any
concurrent offering of the securities (except, in the case of an Eligible
Foreign Offering, for any rights to purchase that are required by law to
be granted to existing security holders of the issuer), provided, however,
that if the securities were offered for subscription upon exercise of
rights, the securities were purchased on or before the fourth day
preceding the day on which the rights offering terminated.

Yes: __X___    No: _____

g. The underwriting was a firm commitment underwriting.

Yes: __X___    No: _____

h. The commission, spread or profit was reasonable and fair in relation
to that being received by others for underwriting similar securities
during the same period.

Yes: __X___    No: _____

i. The amount of such securities of any class of such issue purchased by
all of the Portfolios and investment companies advised by the Adviser did
not exceed 25% of the principal amount of the offering of such class or
if purchased in a Rule 144A Offering, 25% of the total of (i) the principal
amount of the offering of such class sold by underwriters or members of the
selling syndicate to qualified institutional buyers as defined in Rule
144A(a)(1) plus (ii) the principal amount of the offering of such class in
any concurrent public offering.

Yes: __X___    No: _____

j. No Affiliated Broker Dealer  was (i) a direct or indirect participant or
benefited directly or indirectly from, the purchase; or (ii) in respect to
the purchase of Eligible Municipal Securities, such purchase is not
designated as a group sale or otherwise allocated to the account of any
person from whom paragraph (8) of the Rule 10f-3 Procedures prohibits the
purchase.

Yes: __X___    No: _____



Approved:___Ron Schwartz______________    Date:_____1/6/05______________

Board of Trustees Review Date:_________2/15/05__________________________


Record of Securities Purchased
Under the Rule 10f-3 Procedures

1.	Issuer:	Columbus Georgia Water and Sewerage Revenue Refunding

2. 	Date of purchase: Trade date: 12-17-04  Settlement date: 1-13-05

3.	Underwriter from whom purchased: Merchant Capital C.C.C

4.	Name of Affiliated Broker Dealer (as defined in the Rule 10f-3
 	procedures) managing or participating in syndicate (attach list
	of all members of syndicate): SunTrust Capital Markets, Inc.,
	Merchant Capital LLC

5.	Aggregate principal amount of purchase:	$1,000,000

6. 	Aggregate principal amount of offering:	$45,705,000

7. 	Purchase price (Net of fees and expenses): $105.078

8. 	Date offering commenced: 12-15-04

9.	Offering price at close of first full business day on which any
	sales are made:	$105.078

10.	Commission, spread or profit: 0.50 %

	$__228,525 (entire offering)________________

11.	Fund: _STI Georgia Tax Exempt Bond Fund______________________

12.	Have the following conditions been satisfied:

a. Registered Public Offerings:  The securities are a part of an issue
registered under the Securities Act of 1933, which is being offered to
the public:

Yes: _____    No: __X___

b. Municipal Securities:  The securities (i) are "municipal securities"
as defined in Section 3(a)(29) of the Securities Exchange Act of 1934;
(ii) the issuer of such securities has received an investment grade rating
from a nationally recognized statistical rating organization; and (iii) if
the issuer or entity supplying the revenues from which the issue is to be
paid has been in continuous operation for less than three years (including
the operations of any predecessors), it has received one of the three
highest ratings from at least one such rating service.

Yes: __X___    No: _____

c. Foreign Offerings:  The securities are offered publicly under the laws
of a country other than the United States and (i) the offering is subject
to regulation by a "foreign financial regulatory authority," as defined in
Section 2(a)(50) of the 1940 Act, in the country in which the public
offering occurs; (ii) the securities are offered at a fixed price to all
purchasers in the offering (except for any rights to purchase securities
that are required by law to be granted to existing security holders of the
issuer); (iii) financial statements, prepared and audited in accordance
with standards required or permitted by the appropriate foreign financial
regulatory authority in the country in which the public offering occurs,
for the two years prior to the offering, are available to the public and
prospective purchasers in connection with the offering; and (iv) if the
issuer is a Domestic Issuer (a) it has a class of securities registered
pursuant to section 12(b) or 12(g) of the 1934 Act or is required to file
reports pursuant to section 15(d) of the 1934 Act; and (b) it has filed
all the material required to be filed pursuant to section 13(a) or 15(d)
of the 1934 Act for a period of at least twelve months immediately
preceding the sale of such securities (or for such shorter period that
the issuer was required to file such material).

Yes: _____    No: __X___

d. Rule 144A Offerings:  The securities are (i) offered or sold in
transactions exempt from registration under section 4(2) of the 1934 Act,
Rule 144A thereunder, or Rules 501- 508 thereunder; (ii) the securities
are sold to qualified institutional buyers, as defined in Rule 144(a)(1);
and (iii) the securities are eligible for resale to other qualified
institutional buyers pursuant to Rule 144A.

Yes: _____    No: __X___

e. In respect of any securities other than municipal securities, the
issuer of such securities has been in continuous operation for not less
than three years (including the operations of predecessors).

Yes: _____    No: __X___

f. The securities were purchased prior to the end of the first day on
which any sales were made, at a price that was not more than the price
paid by each other purchaser of securities in that offering or in any
concurrent offering of the securities (except, in the case of an Eligible
Foreign Offering, for any rights to purchase that are required by law to
be granted to existing security holders of the issuer), provided, however,
that if the securities were offered for subscription upon exercise of
rights, the securities were purchased on or before the fourth day
preceding the day on which the rights offering terminated.

Yes: __X___    No: _____

g. The underwriting was a firm commitment underwriting.

Yes: __X___    No: _____

h. The commission, spread or profit was reasonable and fair in relation
to that being received by others for underwriting similar securities
during the same period.

Yes: __X___    No: _____

i. The amount of such securities of any class of such issue purchased by
all of the Portfolios and investment companies advised by the Adviser did
not exceed 25% of the principal amount of the offering of such class or
if purchased in a Rule 144A Offering, 25% of the total of (i) the principal
amount of the offering of such class sold by underwriters or members of the
selling syndicate to qualified institutional buyers as defined in Rule
144A(a)(1) plus (ii) the principal amount of the offering of such class in
any concurrent public offering.

Yes: __X___    No: _____

j. No Affiliated Broker Dealer  was (i) a direct or indirect participant or
benefited directly or indirectly from, the purchase; or (ii) in respect to
the purchase of Eligible Municipal Securities, such purchase is not
designated as a group sale or otherwise allocated to the account of any
person from whom paragraph (8) of the Rule 10f-3 Procedures prohibits the
purchase.

Yes: __X___    No: _____



Approved:___Jeffery St. Amand___________   Date:____1/10/05______________

Board of Trustees Review Date:_____2/15/05___________________________________