-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EABJb07FROWFaklIkZImQ8S56Kbj7/tIwkJ+btfvTLNgOZQ9HUK9wyhb/mQrEJAi gdI5/Og3kEQqqFOxpM0mUA== 0000935069-06-003181.txt : 20061129 0000935069-06-003181.hdr.sgml : 20061129 20061128180817 ACCESSION NUMBER: 0000935069-06-003181 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060930 FILED AS OF DATE: 20061129 DATE AS OF CHANGE: 20061128 EFFECTIVENESS DATE: 20061129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROCHESTER FUND MUNICIPALS CENTRAL INDEX KEY: 0000093621 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 160473255 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-03614 FILM NUMBER: 061243197 BUSINESS ADDRESS: STREET 1: 350 LINDEN OAKS CITY: ROCHESTER STATE: NY ZIP: 14625-2807 BUSINESS PHONE: 7163838700 MAIL ADDRESS: STREET 1: 350 LINDEN OAKS CITY: ROCHESTER STATE: NY ZIP: 14625-2807 FORMER COMPANY: FORMER CONFORMED NAME: ROCHESTER FUND MUNICIPALS INC DATE OF NAME CHANGE: 19920521 FORMER COMPANY: FORMER CONFORMED NAME: MARTEK INVESTORS INC/NY DATE OF NAME CHANGE: 19860302 FORMER COMPANY: FORMER CONFORMED NAME: STAR SUPERMARKETS INC DATE OF NAME CHANGE: 19830104 0000093621 S000008503 ROCHESTER FUND MUNICIPALS C000023347 A C000023348 B C000023349 C C000023350 Y N-Q 1 rq365_35582nq.txt RQ365_35582NQ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-3614 ROCHESTER FUND MUNICIPALS (Exact name of registrant as specified in charter) 6803 SOUTH TUCSON WAY, CENTENNIAL, COLORADO 80112-3924 (Address of principal executive offices) (Zip code) ROBERT G. ZACK, ESQ. OPPENHEIMERFUNDS, INC. TWO WORLD FINANCIAL CENTER, NEW YORK, NEW YORK 10281-1008 (Name and address of agent for service) Registrant's telephone number, including area code: (303) 768-3200 Date of fiscal year end: DECEMBER Date of reporting period: 09/30/2006 ITEM 1. SCHEDULE OF INVESTMENTS. ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- MUNICIPAL BONDS AND NOTES--99.7% - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK--83.6% $ 125,000 Albany County Airport Authority 5.500% 12/15/2019 $ 129,714 - --------------------------------------------------------------------------------------------------------------------------------- 1,035,000 Albany County IDA (Albany College of Pharmacy) 5.375 12/01/2024 1,080,809 - --------------------------------------------------------------------------------------------------------------------------------- 1,700,000 Albany County IDA (Albany College of Pharmacy) 5.625 12/01/2034 1,787,890 - --------------------------------------------------------------------------------------------------------------------------------- 605,000 Albany County IDA (Wildwood Programs) 4.900 07/01/2021 627,325 - --------------------------------------------------------------------------------------------------------------------------------- 885,000 Albany Hsg. Authority (Lark Drive) 5.500 12/01/2028 917,241 - --------------------------------------------------------------------------------------------------------------------------------- 1,420,000 Albany IDA (Albany Medical Center) 6.000 05/01/2019 1,448,940 - --------------------------------------------------------------------------------------------------------------------------------- 2,460,000 Albany IDA (Albany Medical Center) 6.000 05/01/2029 2,493,923 - --------------------------------------------------------------------------------------------------------------------------------- 400,000 Albany IDA (Albany Municipal Golf Course Clubhouse) 7.500 05/01/2012 401,412 - --------------------------------------------------------------------------------------------------------------------------------- 870,000 Albany IDA (Albany Rehab.) 8.375 06/01/2023 912,665 - --------------------------------------------------------------------------------------------------------------------------------- 7,005,000 Albany IDA (Charitable Leadership) 5.750 07/01/2026 7,423,409 - --------------------------------------------------------------------------------------------------------------------------------- 3,730,000 Albany IDA (Daughters of Sarah Nursing Home) 5.375 10/20/2030 4,013,032 - --------------------------------------------------------------------------------------------------------------------------------- 2,485,000 Albany IDA (Hampton Plaza) 6.250 03/15/2018 2,518,697 - --------------------------------------------------------------------------------------------------------------------------------- 900,000 Albany IDA (New Covenant Charter School) 7.000 05/01/2025 891,162 - --------------------------------------------------------------------------------------------------------------------------------- 1,285,000 Albany IDA (Sage Colleges) 5.250 04/01/2019 1,315,866 - --------------------------------------------------------------------------------------------------------------------------------- 1,760,000 Albany IDA (Sage Colleges) 5.300 04/01/2029 1,799,723 - --------------------------------------------------------------------------------------------------------------------------------- 2,510,000 Albany Parking Authority 1 5.625 07/15/2020 2,688,210 - --------------------------------------------------------------------------------------------------------------------------------- 2,000,000 Albany Parking Authority 5.625 07/15/2025 2,133,920 - --------------------------------------------------------------------------------------------------------------------------------- 1,770,000 Albany Parking Authority 2 7.052 3 11/01/2017 1,016,015 - --------------------------------------------------------------------------------------------------------------------------------- 5,700,000 Allegany County IDA (Houghton College) 5.250 01/15/2024 5,810,580 - --------------------------------------------------------------------------------------------------------------------------------- 920,000 Amherst IDA (Asbury Pointe) 5.800 02/01/2015 920,469 - --------------------------------------------------------------------------------------------------------------------------------- 10,000 Amherst IDA (Asbury Pointe) 6.000 02/01/2023 10,004 - --------------------------------------------------------------------------------------------------------------------------------- 3,000,000 Amherst IDA (Asbury Pointe) 6.000 02/01/2029 3,075,570 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 Amherst IDA (UBF Faculty-Student Hsg. Corp.) 5.250 08/01/2031 26,953 - --------------------------------------------------------------------------------------------------------------------------------- 3,150,000 Appleridge Retirement Community 5.750 09/01/2041 3,374,721 - --------------------------------------------------------------------------------------------------------------------------------- 485,000 Babylon IDA (WWH Ambulance) 7.375 09/15/2008 488,216 - --------------------------------------------------------------------------------------------------------------------------------- 810,000 Bethlehem Water System 5.250 03/01/2018 863,987 - --------------------------------------------------------------------------------------------------------------------------------- 855,000 Bethlehem Water System 5.375 03/01/2019 916,423 - --------------------------------------------------------------------------------------------------------------------------------- 905,000 Bethlehem Water System 5.375 03/01/2020 970,015 - --------------------------------------------------------------------------------------------------------------------------------- 955,000 Bethlehem Water System 5.500 03/01/2021 1,032,030 - --------------------------------------------------------------------------------------------------------------------------------- 505,000 Bethlehem Water System 5.500 03/01/2022 545,137 - --------------------------------------------------------------------------------------------------------------------------------- 1,065,000 Blauvelt Volunteer Fire Company 6.250 10/15/2017 1,088,867 - --------------------------------------------------------------------------------------------------------------------------------- 900,000 Bleeker Terrace HDC 8.750 07/01/2007 906,048 - --------------------------------------------------------------------------------------------------------------------------------- 580,000 Brookhaven IDA (Brookhaven Memorial Hospital) 8.250 11/15/2030 639,717 - --------------------------------------------------------------------------------------------------------------------------------- 1,250,000 Brookhaven IDA (St. Joseph's College) 6.000 12/01/2020 1,286,350 - --------------------------------------------------------------------------------------------------------------------------------- 2,425,000 Brookhaven IDA (Stony Brook Foundation) 6.500 11/01/2020 2,571,713 - --------------------------------------------------------------------------------------------------------------------------------- 65,000 Broome County IDA (University Plaza) 5.000 08/01/2025 67,319 - --------------------------------------------------------------------------------------------------------------------------------- 3,030,000 Broome County IDA (University Plaza) 5.000 08/01/2036 3,105,811 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Broome County IDA (University Plaza) 5.100 08/01/2030 1,039,810 - --------------------------------------------------------------------------------------------------------------------------------- 1,250,000 Broome County IDA (University Plaza) 5.100 08/01/2036 1,291,413 - --------------------------------------------------------------------------------------------------------------------------------- 3,000,000 Broome County IDA (University Plaza) 5.200 08/01/2030 3,143,910 - --------------------------------------------------------------------------------------------------------------------------------- 4,450,000 Broome County IDA (University Plaza) 5.200 08/01/2036 4,637,167 - --------------------------------------------------------------------------------------------------------------------------------- 3,000,000 Bushnell Basin Fire Assoc. (Volunteer Fire Dept.) 5.750 11/01/2030 3,053,760 - --------------------------------------------------------------------------------------------------------------------------------- 915,000 Canton Human Services Initiatives 5.700 09/01/2024 978,794 - --------------------------------------------------------------------------------------------------------------------------------- 1,155,000 Canton Human Services Initiatives 5.750 09/01/2032 1,232,651 - --------------------------------------------------------------------------------------------------------------------------------- 600,000 Capital District Youth Center 6.000 02/01/2017 615,702 - --------------------------------------------------------------------------------------------------------------------------------- 500,000 Carnegie Redevel. Corp. 2 7.000 09/01/2021 503,570 - --------------------------------------------------------------------------------------------------------------------------------- 4,295,000 Cattaraugus County IDA (Olean General Hospital) 5.250 08/01/2023 4,446,184 - --------------------------------------------------------------------------------------------------------------------------------- 1,465,000 Cattaraugus County IDA (St. Bonaventure University) 5.450 09/15/2019 1,509,624 - ---------------------------------------------------------------------------------------------------------------------------------
1 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 2,900,000 Chautauqua County IDA (Jamestown Community College) 5.250% 08/01/2028 $ 2,994,801 - --------------------------------------------------------------------------------------------------------------------------------- 640,000 Chautauqua County IDA (Jamestown Devel. Corp.) 7.125 11/01/2008 657,741 - --------------------------------------------------------------------------------------------------------------------------------- 3,395,000 Chautauqua County IDA (Jamestown Devel. Corp.) 7.125 11/01/2018 3,548,794 - --------------------------------------------------------------------------------------------------------------------------------- 1,900,000 Chautauqua County IDA (Woman's Christian Assoc. of Jamestown) 6.400 11/15/2029 1,991,238 - --------------------------------------------------------------------------------------------------------------------------------- 95,000 Chautauqua Utility District 5.000 06/01/2023 99,027 - --------------------------------------------------------------------------------------------------------------------------------- 105,000 Chautauqua Utility District 5.000 06/01/2025 108,949 - --------------------------------------------------------------------------------------------------------------------------------- 3,250,000 Chemung County IDA (Arnot Ogden Medical Center) 5.000 11/01/2029 3,352,538 - --------------------------------------------------------------------------------------------------------------------------------- 1,915,000 Chemung County IDA (Arnot Ogden Medical Center) 5.000 11/01/2029 1,975,418 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Chemung County IDA (Arnot Ogden Medical Center) 5.000 11/01/2034 1,025,630 - --------------------------------------------------------------------------------------------------------------------------------- 1,455,000 Chemung County IDA (Arnot Ogden Medical Center) 5.000 11/01/2034 1,492,292 - --------------------------------------------------------------------------------------------------------------------------------- 1,225,000 Chemung County IDA (Hathorn Redevel. Company) 4.850 07/01/2023 1,259,839 - --------------------------------------------------------------------------------------------------------------------------------- 1,515,000 Chemung County IDA (Hathorn Redevel. Company) 5.000 07/01/2033 1,564,025 - --------------------------------------------------------------------------------------------------------------------------------- 6,160,000 Chemung County IDA (St. Joseph's Hospital) 6.000 01/01/2013 6,049,366 - --------------------------------------------------------------------------------------------------------------------------------- 6,395,000 Chemung County IDA (St. Joseph's Hospital) 6.350 01/01/2013 6,394,233 - --------------------------------------------------------------------------------------------------------------------------------- 4,910,000 Chemung County IDA (St. Joseph's Hospital) 6.500 01/01/2019 4,925,270 - --------------------------------------------------------------------------------------------------------------------------------- 1,700,000 Clifton Springs Hospital & Clinic 7.650 01/01/2012 1,740,273 - --------------------------------------------------------------------------------------------------------------------------------- 2,905,000 Clifton Springs Hospital & Clinic 8.000 01/01/2020 2,909,474 - --------------------------------------------------------------------------------------------------------------------------------- 35,000 Cohoes GO 6.200 03/15/2012 35,892 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 Cohoes GO 6.200 03/15/2013 25,629 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 Cohoes GO 6.250 03/15/2014 25,629 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 Cohoes GO 6.250 03/15/2015 25,622 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 Cohoes GO 6.250 03/15/2016 25,615 - --------------------------------------------------------------------------------------------------------------------------------- 1,725,000 Columbia County IDA (Berkshire Farms) 7.500 12/15/2014 1,747,046 - --------------------------------------------------------------------------------------------------------------------------------- 3,300,000 Corinth IDA (International Paper Company) 5.750 02/01/2022 3,479,487 - --------------------------------------------------------------------------------------------------------------------------------- 30,000 Corinth IDA (International Paper Company) 5.850 12/01/2020 31,006 - --------------------------------------------------------------------------------------------------------------------------------- 5,370,000 Cortland County IDA (Cortland Memorial Hospital) 5.250 07/01/2032 5,654,717 - --------------------------------------------------------------------------------------------------------------------------------- 155,000 Dutchess County IDA (Astor Learning Center Civic Facility) 5.150 11/01/2024 160,647 - --------------------------------------------------------------------------------------------------------------------------------- 120,000 Dutchess County IDA (Bard College) 5.750 08/01/2030 128,584 - --------------------------------------------------------------------------------------------------------------------------------- 3,500,000 Dutchess County IDA (Bard College) 7.000 11/01/2017 3,509,450 - --------------------------------------------------------------------------------------------------------------------------------- 900,000 Dutchess County IDA (St. Francis Hospital) 7.500 03/01/2029 993,213 - --------------------------------------------------------------------------------------------------------------------------------- 2,310,000 Dutchess County IDA (Vassar Brothers Hospital) 6.500 04/01/2020 2,479,208 - --------------------------------------------------------------------------------------------------------------------------------- 5,635,000 Dutchess County IDA (Vassar Brothers Hospital) 6.500 04/01/2030 6,026,576 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 Dutchess County IDA (Vassar College) 5.350 09/01/2040 26,747 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Dutchess County Water & Wastewater Authority 5.400 3 06/01/2027 414,160 - --------------------------------------------------------------------------------------------------------------------------------- 3,315,000 East Rochester Hsg. Authority (Episcopal Senior Hsg.) 7.750 10/01/2032 3,547,912 - --------------------------------------------------------------------------------------------------------------------------------- 1,355,000 East Rochester Hsg. Authority (Gates Senior Hsg.) 6.125 04/20/2043 1,494,226 - --------------------------------------------------------------------------------------------------------------------------------- 1,400,000 East Rochester Hsg. Authority (Genesee Valley Nursing Home) 5.200 12/20/2024 1,482,390 - --------------------------------------------------------------------------------------------------------------------------------- 2,570,000 East Rochester Hsg. Authority (Jefferson Park Apartments) 6.750 03/01/2030 2,689,942 - --------------------------------------------------------------------------------------------------------------------------------- 2,000,000 East Rochester Hsg. Authority (Linden Knoll) 5.350 02/01/2038 2,029,240 - --------------------------------------------------------------------------------------------------------------------------------- 4,095,000 East Rochester Hsg. Authority (St. John's Meadows) 5.950 08/01/2027 4,225,835 - --------------------------------------------------------------------------------------------------------------------------------- 1,700,000 East Rochester Hsg. Authority (Woodland Village) 5.500 08/01/2033 1,731,739 - --------------------------------------------------------------------------------------------------------------------------------- 190,000 Erie County IDA (Air Cargo) 8.250 10/01/2007 190,395 - ---------------------------------------------------------------------------------------------------------------------------------
2 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 2,380,000 Erie County IDA (Air Cargo) 8.500% 10/01/2015 $ 2,390,662 - --------------------------------------------------------------------------------------------------------------------------------- 4,000,000 Erie County IDA (Charter School Applied Tech) 6.750 06/01/2025 3,989,000 - --------------------------------------------------------------------------------------------------------------------------------- 7,000,000 Erie County IDA (Charter School Applied Tech) 6.875 06/01/2035 6,999,090 - --------------------------------------------------------------------------------------------------------------------------------- 1,960,000 Erie County IDA (DePaul Properties) 5.750 09/01/2028 1,664,667 - --------------------------------------------------------------------------------------------------------------------------------- 2,765,000 Erie County IDA (DePaul Properties) 6.500 09/01/2018 2,648,870 - --------------------------------------------------------------------------------------------------------------------------------- 35,000,000 Erie County IDA (Great Lakes) 7.500 12/01/2025 31,796,450 - --------------------------------------------------------------------------------------------------------------------------------- 11,310,000 Erie County IDA (Medaille College) 7.625 04/01/2035 12,952,325 - --------------------------------------------------------------------------------------------------------------------------------- 3,515,000 Erie County IDA (Medaille College) 8.250 11/01/2026 3,975,922 - --------------------------------------------------------------------------------------------------------------------------------- 2,250,000 Erie County IDA (Orchard Park) 6.000 11/15/2036 2,381,085 - --------------------------------------------------------------------------------------------------------------------------------- 75,000 Erie County IDA (The Episcopal Church Home) 5.875 02/01/2018 77,450 - --------------------------------------------------------------------------------------------------------------------------------- 9,600,000 Erie County IDA (The Episcopal Church Home) 6.000 02/01/2028 9,914,400 - --------------------------------------------------------------------------------------------------------------------------------- 3,170,000 Erie County Sewer District 5.000 06/01/2029 3,367,428 - --------------------------------------------------------------------------------------------------------------------------------- 2,630,000 Erie County Sewer District 5.000 12/01/2030 2,789,667 - --------------------------------------------------------------------------------------------------------------------------------- 1,360,000 Erie County Sewer District 1 5.000 12/01/2035 1,436,201 - --------------------------------------------------------------------------------------------------------------------------------- 28,610,000 Erie County Tobacco Asset Securitization Corp. 5.000 06/01/2038 28,959,614 - --------------------------------------------------------------------------------------------------------------------------------- 2,700,000 Erie County Tobacco Asset Securitization Corp. 5.000 06/01/2045 2,725,353 - --------------------------------------------------------------------------------------------------------------------------------- 72,000,000 Erie County Tobacco Asset Securitization Corp. 5.986 3 06/01/2047 6,275,520 - --------------------------------------------------------------------------------------------------------------------------------- 135,000,000 Erie County Tobacco Asset Securitization Corp. 6.486 3 06/01/2050 8,228,250 - --------------------------------------------------------------------------------------------------------------------------------- 150,000,000 Erie County Tobacco Asset Securitization Corp. 6.751 3 06/01/2055 5,344,500 - --------------------------------------------------------------------------------------------------------------------------------- 1,024,000,000 Erie County Tobacco Asset Securitization Corp. 7.650 3 06/01/2060 19,660,800 - --------------------------------------------------------------------------------------------------------------------------------- 3,340,000 Erie County Tobacco Asset Securitization Corp. RITES 5.646 4 06/01/2038 3,421,630 - --------------------------------------------------------------------------------------------------------------------------------- 9,305,000 Erie County Tobacco Asset Securitization Corp. RITES 5.646 4 06/01/2038 9,532,414 - --------------------------------------------------------------------------------------------------------------------------------- 21,250,000 Erie County Tobacco Asset Securitization Corp. RITES 5.646 4 06/01/2045 21,649,075 - --------------------------------------------------------------------------------------------------------------------------------- 14,940,000 Erie County Tobacco Asset Securitization Corp. RITES 5.646 4 06/01/2045 15,220,573 - --------------------------------------------------------------------------------------------------------------------------------- 2,300,000 Essex County IDA (International Paper Company) 6.450 11/15/2023 2,435,884 - --------------------------------------------------------------------------------------------------------------------------------- 40,000 Essex County IDA (Moses Ludington Nursing Home) 6.200 02/01/2030 43,500 - --------------------------------------------------------------------------------------------------------------------------------- 5,000,000 Essex County IDA (Moses Ludington Nursing Home) 6.375 02/01/2050 5,441,950 - --------------------------------------------------------------------------------------------------------------------------------- 115,000 Essex County IDA (Moses Ludington Nursing Home) 9.000 02/01/2008 117,828 - --------------------------------------------------------------------------------------------------------------------------------- 975,000 Essex County IDA (North Country Community College Foundation) 5.000 06/01/2020 980,041 - --------------------------------------------------------------------------------------------------------------------------------- 320,000 Essex County IDA (North Country Community College Foundation) 5.000 06/01/2020 321,654 - --------------------------------------------------------------------------------------------------------------------------------- 1,235,000 Essex County IDA (North Country Community College Foundation) 5.200 06/01/2025 1,247,017 - --------------------------------------------------------------------------------------------------------------------------------- 410,000 Essex County IDA (North Country Community College Foundation) 5.200 06/01/2025 413,989 - --------------------------------------------------------------------------------------------------------------------------------- 1,100,000 Essex County IDA (North Country Community College Foundation) 1 5.300 06/01/2035 1,109,427 - --------------------------------------------------------------------------------------------------------------------------------- 3,750,000 Essex County IDA Solid Waste Disposal (International Paper Company) 5.200 12/01/2023 3,851,850 - --------------------------------------------------------------------------------------------------------------------------------- 4,440,000 Essex County IDA Solid Waste Disposal (International Paper Company) 5.200 03/01/2028 4,508,332 - --------------------------------------------------------------------------------------------------------------------------------- 1,850,000 Essex County IDA Solid Waste Disposal (International Paper Company) 5.500 08/15/2022 1,892,254 - --------------------------------------------------------------------------------------------------------------------------------- 1,625,000 Essex County IDA Solid Waste Disposal (International Paper Company) 1 5.500 10/01/2026 1,682,460 - --------------------------------------------------------------------------------------------------------------------------------- 5,680,000 Franklin County IDA (Adirondack Medical Center) 5.500 12/01/2029 5,992,002 - ---------------------------------------------------------------------------------------------------------------------------------
3 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 900,000 Franklin County IDA (North Country Community College Foundation) 5.200% 06/01/2025 $ 908,757 - --------------------------------------------------------------------------------------------------------------------------------- 260,000 Glen Cove IDA (SLCD) 6.875 07/01/2008 261,846 - --------------------------------------------------------------------------------------------------------------------------------- 3,775,000 Glen Cove IDA (SLCD) 7.375 07/01/2023 3,942,195 - --------------------------------------------------------------------------------------------------------------------------------- 1,315,000 Green Island Power Authority 5.125 12/15/2024 1,351,623 - --------------------------------------------------------------------------------------------------------------------------------- 2,795,000 Green Island Power Authority 6.000 12/15/2020 2,999,203 - --------------------------------------------------------------------------------------------------------------------------------- 1,695,000 Green Island Power Authority 6.000 12/15/2025 1,812,769 - --------------------------------------------------------------------------------------------------------------------------------- 840,000 Hempstead GO 5.000 07/01/2020 866,074 - --------------------------------------------------------------------------------------------------------------------------------- 1,025,000 Hempstead GO 5.000 07/01/2021 1,055,125 - --------------------------------------------------------------------------------------------------------------------------------- 1,270,000 Hempstead GO 5.000 07/01/2022 1,305,243 - --------------------------------------------------------------------------------------------------------------------------------- 2,500,000 Hempstead IDA (Adelphi University) 5.500 06/01/2032 2,679,950 - --------------------------------------------------------------------------------------------------------------------------------- 310,000 Hempstead IDA (Dentaco Corp.) 7.250 11/01/2012 332,797 - --------------------------------------------------------------------------------------------------------------------------------- 1,270,000 Hempstead IDA (Dentaco Corp.) 8.250 11/01/2025 1,380,388 - --------------------------------------------------------------------------------------------------------------------------------- 3,550,000 Hempstead IDA (Engel Burman Senior Hsg.) 6.250 11/01/2010 3,630,834 - --------------------------------------------------------------------------------------------------------------------------------- 18,825,000 Hempstead IDA (Engel Burman Senior Hsg.) 6.750 11/01/2024 19,548,633 - --------------------------------------------------------------------------------------------------------------------------------- 1,875,000 Hempstead IDA (Franklin Hospital Medical Center) 5.750 11/01/2008 1,877,081 - --------------------------------------------------------------------------------------------------------------------------------- 9,375,000 Hempstead IDA (Franklin Hospital Medical Center) 6.375 11/01/2018 9,534,750 - --------------------------------------------------------------------------------------------------------------------------------- 9,285,000 Hempstead IDA (Franklin Hospital Medical Center) 7.750 11/01/2022 10,208,022 - --------------------------------------------------------------------------------------------------------------------------------- 2,490,000 Hempstead IDA (Hungry Harbor Associates) 8.000 05/01/2044 2,689,673 - --------------------------------------------------------------------------------------------------------------------------------- 5,690,000 Hempstead IDA (Hungry Harbor Associates) 8.000 05/01/2044 5,694,780 - --------------------------------------------------------------------------------------------------------------------------------- 4,750,000 Hempstead IDA (Hungry Harbor Associates) 8.000 05/01/2044 5,130,903 - --------------------------------------------------------------------------------------------------------------------------------- 12,480,000 Hempstead IDA (Hungry Harbor Associates) 8.000 05/01/2044 13,480,771 - --------------------------------------------------------------------------------------------------------------------------------- 6,355,000 Hempstead IDA (South Shore Y JCC) 6.750 11/01/2024 6,331,042 - --------------------------------------------------------------------------------------------------------------------------------- 6,270,000 Herkimer County IDA (Burrows Paper) 8.000 01/01/2009 6,246,174 - --------------------------------------------------------------------------------------------------------------------------------- 3,225,000 Herkimer County IDA (Folts Adult Home) 5.500 03/20/2040 3,590,586 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Herkimer County IDA (Herkimer County College Foundation) 6.250 08/01/2034 1,052,940 - --------------------------------------------------------------------------------------------------------------------------------- 1,285,000 Herkimer County IDA (Herkimer County College Foundation) 6.400 11/01/2020 1,362,640 - --------------------------------------------------------------------------------------------------------------------------------- 2,000,000 Herkimer County IDA (Herkimer County College Foundation) 6.500 11/01/2030 2,109,040 - --------------------------------------------------------------------------------------------------------------------------------- 235,000 Herkimer Hsg. Authority 7.150 03/01/2011 235,515 - --------------------------------------------------------------------------------------------------------------------------------- 990,000 Hudson IDA (Have, Inc.) 8.125 12/01/2017 1,003,088 - --------------------------------------------------------------------------------------------------------------------------------- 1,255,000 Hudson IDA (Hudson Fabrics) 6.750 11/01/2024 1,294,407 - --------------------------------------------------------------------------------------------------------------------------------- 145,000 Huntington Hsg. Authority (GJSR) 5.875 05/01/2019 149,002 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Huntington Hsg. Authority (GJSR) 6.000 05/01/2029 1,025,960 - --------------------------------------------------------------------------------------------------------------------------------- 8,500,000 Huntington Hsg. Authority (GJSR) 6.000 05/01/2039 8,698,475 - --------------------------------------------------------------------------------------------------------------------------------- 795,000 Islip IDA (Leeway School) 9.000 08/01/2021 804,898 - --------------------------------------------------------------------------------------------------------------------------------- 18,545,000 Islip IDA (Southside Hospital Civic Facilities) 7.750 12/01/2022 19,739,298 - --------------------------------------------------------------------------------------------------------------------------------- 1,315,000 Islip Res Rec, Series E 5.750 07/01/2021 1,460,005 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Islip Res Rec, Series E 5.750 07/01/2023 1,108,870 - --------------------------------------------------------------------------------------------------------------------------------- 3,000,000 Kenmore Hsg. Authority (SUNY at Buffalo) 5.500 08/01/2024 3,166,830 - --------------------------------------------------------------------------------------------------------------------------------- 2,915,000 L.I. Power Authority RITES 9.177 4 09/01/2028 3,634,888 - --------------------------------------------------------------------------------------------------------------------------------- 260,000 L.I. Power Authority, Series A 5.000 09/01/2027 271,859 - --------------------------------------------------------------------------------------------------------------------------------- 68,755,000 L.I. Power Authority, Series A 5.125 12/01/2022 71,250,807 - --------------------------------------------------------------------------------------------------------------------------------- 24,130,000 L.I. Power Authority, Series A 5.125 09/01/2029 25,031,014 - --------------------------------------------------------------------------------------------------------------------------------- 60,000 L.I. Power Authority, Series A 5.125 09/01/2029 63,069 - --------------------------------------------------------------------------------------------------------------------------------- 5,000,000 L.I. Power Authority, Series B 5.000 12/01/2035 5,219,950 - --------------------------------------------------------------------------------------------------------------------------------- 34,880,000 L.I. Power Authority, Series C 5.000 09/01/2035 36,446,810 - --------------------------------------------------------------------------------------------------------------------------------- 86,300,000 L.I. Power Authority, Series L 5.375 05/01/2033 91,189,758 - --------------------------------------------------------------------------------------------------------------------------------- 100,000 Lowville GO 7.200 09/15/2012 117,900 - --------------------------------------------------------------------------------------------------------------------------------- 100,000 Lowville GO 7.200 09/15/2013 119,987 - ---------------------------------------------------------------------------------------------------------------------------------
4 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 100,000 Lowville GO 7.200% 09/15/2014 $ 122,251 - --------------------------------------------------------------------------------------------------------------------------------- 3,830,000 Lyons Community Health Initiatives Corp. 5.550 09/01/2024 4,115,105 - --------------------------------------------------------------------------------------------------------------------------------- 4,360,000 Macleay Hsg. Corp. (Larchmont Woods) 8.500 01/01/2031 4,545,998 - --------------------------------------------------------------------------------------------------------------------------------- 750,000 Madison County IDA (Morrisville State College Foundation) 5.000 06/01/2028 797,550 - --------------------------------------------------------------------------------------------------------------------------------- 1,100,000 Madison County IDA (Morrisville State College Foundation) 5.000 06/01/2032 1,161,677 - --------------------------------------------------------------------------------------------------------------------------------- 1,290,000 Madison County IDA (Oneida Healthcare Center) 5.300 02/01/2021 1,361,015 - --------------------------------------------------------------------------------------------------------------------------------- 5,500,000 Madison County IDA (Oneida Healthcare Center) 5.350 02/01/2031 5,779,565 - --------------------------------------------------------------------------------------------------------------------------------- 15,000 Middleton IDA (Flanagan Design & Display) 7.000 11/01/2006 15,020 - --------------------------------------------------------------------------------------------------------------------------------- 690,000 Middleton IDA (Flanagan Design & Display) 7.500 11/01/2018 723,955 - --------------------------------------------------------------------------------------------------------------------------------- 3,955,000 Middletown IDA (Southwinds Retirement Home) 6.375 03/01/2018 4,014,681 - --------------------------------------------------------------------------------------------------------------------------------- 310,000 Middletown IDA (YMCA) 6.250 11/01/2009 302,907 - --------------------------------------------------------------------------------------------------------------------------------- 1,255,000 Middletown IDA (YMCA) 7.000 11/01/2019 1,178,658 - --------------------------------------------------------------------------------------------------------------------------------- 210,000 Monroe County COP 8.050 01/01/2011 211,970 - --------------------------------------------------------------------------------------------------------------------------------- 645,000 Monroe County IDA (Canal Ponds) 7.000 06/15/2013 675,031 - --------------------------------------------------------------------------------------------------------------------------------- 50,000 Monroe County IDA (Cloverwood Senior Living) 6.750 05/01/2023 47,698 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Monroe County IDA (Cloverwood Senior Living) 6.875 05/01/2033 946,990 - --------------------------------------------------------------------------------------------------------------------------------- 1,066,589 Monroe County IDA (Cottrone Devel.) 9.500 12/01/2010 1,085,606 - --------------------------------------------------------------------------------------------------------------------------------- 950,000 Monroe County IDA (Dayton Rogers Manufacturing) 6.100 12/01/2009 931,884 - --------------------------------------------------------------------------------------------------------------------------------- 4,325,000 Monroe County IDA (DePaul Community Facilities) 5.875 02/01/2028 3,658,950 - --------------------------------------------------------------------------------------------------------------------------------- 5,320,000 Monroe County IDA (DePaul Community Facilities) 5.950 08/01/2028 4,546,206 - --------------------------------------------------------------------------------------------------------------------------------- 805,000 Monroe County IDA (DePaul Community Facilities) 6.450 02/01/2014 811,834 - --------------------------------------------------------------------------------------------------------------------------------- 1,285,000 Monroe County IDA (DePaul Community Facilities) 6.500 02/01/2024 1,296,796 - --------------------------------------------------------------------------------------------------------------------------------- 4,485,000 Monroe County IDA (DePaul Properties) 6.150 09/01/2021 4,216,842 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Monroe County IDA (Highland Hospital of Rochester) 5.000 08/01/2022 1,030,550 - --------------------------------------------------------------------------------------------------------------------------------- 1,250,000 Monroe County IDA (Highland Hospital of Rochester) 5.000 08/01/2025 1,278,150 - --------------------------------------------------------------------------------------------------------------------------------- 100,000 Monroe County IDA (Machine Tool Research) 7.750 12/01/2006 100,586 - --------------------------------------------------------------------------------------------------------------------------------- 685,000 Monroe County IDA (Melles Griot) 9.500 12/01/2009 689,000 - --------------------------------------------------------------------------------------------------------------------------------- 597,000 Monroe County IDA (Morrell/Morrell) 7.000 12/01/2007 597,263 - --------------------------------------------------------------------------------------------------------------------------------- 2,525,000 Monroe County IDA (Parma Senior Hsg. Assoc.) 6.500 12/01/2042 2,557,724 - --------------------------------------------------------------------------------------------------------------------------------- 4,330,000 Monroe County IDA (Piano Works) 7.625 11/01/2016 4,452,539 - --------------------------------------------------------------------------------------------------------------------------------- 2,890,000 Monroe County IDA (Rochester Institute of Technology) 5.375 04/01/2029 2,937,309 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Monroe County IDA (Southview Towers) 1 6.125 02/01/2020 1,074,820 - --------------------------------------------------------------------------------------------------------------------------------- 1,465,000 Monroe County IDA (St. John Fisher College) 5.200 06/01/2019 1,556,724 - --------------------------------------------------------------------------------------------------------------------------------- 2,190,000 Monroe County IDA (St. John Fisher College) 5.250 06/01/2026 2,320,502 - --------------------------------------------------------------------------------------------------------------------------------- 3,075,000 Monroe County IDA (St. John Fisher College) 5.375 06/01/2024 3,226,259 - --------------------------------------------------------------------------------------------------------------------------------- 2,175,000 Monroe County IDA (Summit at Brighton) 5.375 07/01/2032 2,194,227 - --------------------------------------------------------------------------------------------------------------------------------- 3,660,000 Monroe County IDA (Summit at Brighton) 5.500 07/01/2027 3,746,413 - --------------------------------------------------------------------------------------------------------------------------------- 910,000 Monroe County IDA (Volunteers of America) 5.700 08/01/2018 925,106 - --------------------------------------------------------------------------------------------------------------------------------- 2,745,000 Monroe County IDA (Volunteers of America) 5.750 08/01/2028 2,766,905 - --------------------------------------------------------------------------------------------------------------------------------- 650,000,000 Monroe County Tobacco Asset Securitization Corp. (TASC) 7.701 3 06/01/2061 11,336,000 - --------------------------------------------------------------------------------------------------------------------------------- 2,265,000 Monroe Newpower Corp. 5.500 01/01/2034 2,377,344 - --------------------------------------------------------------------------------------------------------------------------------- 580,000 Monroe Newpower Corp. 5.625 01/01/2026 613,872 - --------------------------------------------------------------------------------------------------------------------------------- 500,000 Mount Vernon IDA (Kings Court) 5.200 12/01/2033 511,495 - --------------------------------------------------------------------------------------------------------------------------------- 3,275,000 Mount Vernon IDA (Macedonia Towers) 5.200 12/01/2033 3,350,292 - --------------------------------------------------------------------------------------------------------------------------------- 2,295,000 Mount Vernon IDA (Meadowview) 6.150 06/01/2019 2,368,853 - ---------------------------------------------------------------------------------------------------------------------------------
5 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 2,600,000 Mount Vernon IDA (Meadowview) 6.200% 06/01/2029 $ 2,669,862 - --------------------------------------------------------------------------------------------------------------------------------- 2,100,000 MTA DRIVERS 5.825 4 05/15/2013 2,101,134 - --------------------------------------------------------------------------------------------------------------------------------- 14,200,000 MTA RITES 8.104 4 11/15/2025 17,577,044 - --------------------------------------------------------------------------------------------------------------------------------- 1,910,000 MTA RITES 8.104 4 11/15/2028 2,259,950 - --------------------------------------------------------------------------------------------------------------------------------- 10,000,000 MTA RITES 8.104 4 11/15/2030 11,881,000 - --------------------------------------------------------------------------------------------------------------------------------- 5,000,000 MTA RITES 8.104 4 11/15/2030 5,940,500 - --------------------------------------------------------------------------------------------------------------------------------- 2,890,000 MTA RITES 8.104 4 11/15/2030 3,433,609 - --------------------------------------------------------------------------------------------------------------------------------- 7,500,000 MTA RITES 8.104 4 11/15/2031 8,758,650 - --------------------------------------------------------------------------------------------------------------------------------- 2,125,000 MTA RITES 8.104 4 11/15/2032 2,472,310 - --------------------------------------------------------------------------------------------------------------------------------- 2,220,000 MTA Service Contract RITES 8.604 4 01/01/2024 2,794,270 - --------------------------------------------------------------------------------------------------------------------------------- 15,895,000 MTA Service Contract, Series A 5.125 01/01/2024 16,922,930 - --------------------------------------------------------------------------------------------------------------------------------- 162,375,000 MTA Service Contract, Series A 5.125 01/01/2029 171,331,605 - --------------------------------------------------------------------------------------------------------------------------------- 20,000,000 MTA Service Contract, Series A 5.750 07/01/2031 21,987,000 - --------------------------------------------------------------------------------------------------------------------------------- 33,275,000 MTA Service Contract, Series B 5.250 01/01/2031 35,016,614 - --------------------------------------------------------------------------------------------------------------------------------- 32,000,000 MTA, Series A 5.000 11/15/2030 33,504,640 - --------------------------------------------------------------------------------------------------------------------------------- 20,000 MTA, Series A 5.000 11/15/2032 20,919 - --------------------------------------------------------------------------------------------------------------------------------- 52,295,000 MTA, Series A 5.000 11/15/2035 54,899,814 - --------------------------------------------------------------------------------------------------------------------------------- 42,295,000 MTA, Series A 5.125 11/15/2031 44,644,487 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 MTA, Series B 5.000 01/01/2031 25,992 - --------------------------------------------------------------------------------------------------------------------------------- 54,900,000 MTA, Series B 5.000 11/15/2031 57,625,236 - --------------------------------------------------------------------------------------------------------------------------------- 20,080,000 MTA, Series B 5.250 11/15/2032 21,296,246 - --------------------------------------------------------------------------------------------------------------------------------- 34,845,000 MTA, Series E 5.250 11/15/2031 37,170,207 - --------------------------------------------------------------------------------------------------------------------------------- 3,500,000 MTA, Series F 5.000 11/15/2030 3,679,130 - --------------------------------------------------------------------------------------------------------------------------------- 146,990,000 MTA, Series F 5.000 11/15/2035 153,722,142 - --------------------------------------------------------------------------------------------------------------------------------- 802,824 Municipal Assistance Corp. for Troy 5.733 3 07/15/2021 438,494 - --------------------------------------------------------------------------------------------------------------------------------- 1,218,573 Municipal Assistance Corp. for Troy 5.741 3 01/15/2022 650,157 - --------------------------------------------------------------------------------------------------------------------------------- 975,000 Nassau County IDA (ALIA-ACDS) 7.500 06/01/2015 1,057,076 - --------------------------------------------------------------------------------------------------------------------------------- 2,975,000 Nassau County IDA (ALIA-ACLD) 6.250 09/01/2022 3,084,510 - --------------------------------------------------------------------------------------------------------------------------------- 225,000 Nassau County IDA (ALIA-ACLD) 7.125 06/01/2017 243,338 - --------------------------------------------------------------------------------------------------------------------------------- 350,000 Nassau County IDA (ALIA-ACLD) 7.500 06/01/2015 379,463 - --------------------------------------------------------------------------------------------------------------------------------- 5,830,000 Nassau County IDA (ALIA-CSMR) 7.000 11/01/2016 6,290,453 - --------------------------------------------------------------------------------------------------------------------------------- 3,325,000 Nassau County IDA (ALIA-CSMR) 7.125 06/01/2017 3,595,988 - --------------------------------------------------------------------------------------------------------------------------------- 1,740,000 Nassau County IDA (ALIA-CSMR) 7.500 06/01/2015 1,886,473 - --------------------------------------------------------------------------------------------------------------------------------- 290,000 Nassau County IDA (ALIA-FREE) 7.125 06/01/2012 313,954 - --------------------------------------------------------------------------------------------------------------------------------- 2,145,000 Nassau County IDA (ALIA-FREE) 7.500 06/01/2015 2,325,566 - --------------------------------------------------------------------------------------------------------------------------------- 4,030,000 Nassau County IDA (ALIA-FREE) 8.150 06/01/2030 4,382,504 - --------------------------------------------------------------------------------------------------------------------------------- 6,415,000 Nassau County IDA (ALIA-FREE) 8.250 06/01/2032 7,098,390 - --------------------------------------------------------------------------------------------------------------------------------- 890,000 Nassau County IDA (ALIA-HH) 7.125 06/01/2017 959,785 - --------------------------------------------------------------------------------------------------------------------------------- 685,000 Nassau County IDA (ALIA-HHS) 7.125 06/01/2017 738,711 - --------------------------------------------------------------------------------------------------------------------------------- 220,000 Nassau County IDA (ALIA-LVH) 7.500 06/01/2015 238,520 - --------------------------------------------------------------------------------------------------------------------------------- 525,000 Nassau County IDA (CNGCS) 7.500 06/01/2030 569,195 - --------------------------------------------------------------------------------------------------------------------------------- 2,245,000 Nassau County IDA (CNGCS) 8.150 06/01/2030 2,449,160 - --------------------------------------------------------------------------------------------------------------------------------- 5,240,000 Nassau County IDA (Engel Burman Senior Hsg.) 7.750 05/01/2047 5,441,006 - --------------------------------------------------------------------------------------------------------------------------------- 3,410,000 Nassau County IDA (Engel Burman Senior Hsg.) 7.750 05/01/2047 3,540,808 - --------------------------------------------------------------------------------------------------------------------------------- 5,875,000 Nassau County IDA (Engel Burman Senior Hsg.) 7.750 05/01/2047 6,100,365 - --------------------------------------------------------------------------------------------------------------------------------- 6,450,000 Nassau County IDA (Engel Burman Senior Hsg.) 7.750 05/01/2047 6,697,422 - --------------------------------------------------------------------------------------------------------------------------------- 9,155,000 Nassau County IDA (Engel Burman Senior Hsg.) 7.750 05/01/2047 9,506,186 - --------------------------------------------------------------------------------------------------------------------------------- 3,860,000 Nassau County IDA (Little Village School) 7.500 12/01/2031 4,154,865 - --------------------------------------------------------------------------------------------------------------------------------- 3,535,000 Nassau County IDA (New York Water Service Corp.) 5.000 12/01/2035 3,685,308 - ---------------------------------------------------------------------------------------------------------------------------------
6 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 2,290,000 Nassau County IDA (North Shore CFGA) 6.750% 05/01/2024 $ 2,333,831 - --------------------------------------------------------------------------------------------------------------------------------- 2,759,599 Nassau County IDA (Sharp International) 2,5 7.375 12/01/2007 276 - --------------------------------------------------------------------------------------------------------------------------------- 1,752,588 Nassau County IDA (Sharp International) 2,5 7.375 12/01/2007 175 - --------------------------------------------------------------------------------------------------------------------------------- 2,527,212 Nassau County IDA (Sharp International) 2,5 7.875 12/01/2012 253 - --------------------------------------------------------------------------------------------------------------------------------- 1,597,663 Nassau County IDA (Sharp International) 2,5 7.875 12/01/2012 160 - --------------------------------------------------------------------------------------------------------------------------------- 2,050,000 Nassau County IDA (United Cerebral Palsy) 6.250 11/01/2014 2,059,389 - --------------------------------------------------------------------------------------------------------------------------------- 23,980,000 Nassau County IDA (Westbury Senior Living) 7.900 11/01/2031 25,891,686 - --------------------------------------------------------------------------------------------------------------------------------- 765,000 Nassau County IDA, Series A-A 6.000 07/02/2021 776,590 - --------------------------------------------------------------------------------------------------------------------------------- 7,965,000 Nassau County IDA, Series A-B 6.000 07/01/2021 8,085,670 - --------------------------------------------------------------------------------------------------------------------------------- 715,000 Nassau County IDA, Series A-C 6.000 07/01/2021 725,832 - --------------------------------------------------------------------------------------------------------------------------------- 815,000 Nassau County IDA, Series A-D 6.000 07/01/2021 827,347 - --------------------------------------------------------------------------------------------------------------------------------- 1,675,000 Nassau County Interim Finance Authority 5.125 11/15/2021 1,694,966 - --------------------------------------------------------------------------------------------------------------------------------- 3,000,000 Nassau County Tobacco Settlement Corp. 0.000 6 06/01/2026 2,701,440 - --------------------------------------------------------------------------------------------------------------------------------- 2,985,000 Nassau County Tobacco Settlement Corp. 5.000 06/01/2035 3,031,715 - --------------------------------------------------------------------------------------------------------------------------------- 65,000,000 Nassau County Tobacco Settlement Corp. 5.125 06/01/2046 66,136,200 - --------------------------------------------------------------------------------------------------------------------------------- 20,000,000 Nassau County Tobacco Settlement Corp. 5.820 3 06/01/2046 2,081,400 - --------------------------------------------------------------------------------------------------------------------------------- 75,975,000 Nassau County Tobacco Settlement Corp. 6.000 3 06/01/2046 7,031,486 - --------------------------------------------------------------------------------------------------------------------------------- 895,215,000 Nassau County Tobacco Settlement Corp. 6.400 3 06/01/2060 28,754,306 - --------------------------------------------------------------------------------------------------------------------------------- 40,000,000 Nassau County Tobacco Settlement Corp. 7.351 3 06/01/2060 860,800 - --------------------------------------------------------------------------------------------------------------------------------- 20,000,000 Nassau County Tobacco Settlement Corp. RITES 5.825 4 06/01/2046 20,699,400 - --------------------------------------------------------------------------------------------------------------------------------- 7,155,000 Nassau IDA (EBS North Hills LLC) 7.800 05/01/2045 7,606,767 - --------------------------------------------------------------------------------------------------------------------------------- 3,340,000 Nassau IDA (EBS North Hills LLC) 7.800 05/01/2045 3,550,888 - --------------------------------------------------------------------------------------------------------------------------------- 4,290,000 Nassau IDA (EBS North Hills LLC) 7.800 05/01/2045 4,560,871 - --------------------------------------------------------------------------------------------------------------------------------- 6,195,000 Nassau IDA (EBS North Hills LLC) 7.800 05/01/2045 6,538,761 - --------------------------------------------------------------------------------------------------------------------------------- 4,775,000 Nassau IDA (EBS North Hills LLC) 7.800 05/01/2045 5,076,494 - --------------------------------------------------------------------------------------------------------------------------------- 4,775,000 Nassau IDA (EBS North Hills LLC) 7.800 05/01/2045 5,076,494 - --------------------------------------------------------------------------------------------------------------------------------- 2,000,000 New Hartford-Sunset Wood Funding Corp. 5.500 02/01/2029 2,098,600 - --------------------------------------------------------------------------------------------------------------------------------- 13,010,000 New Rochelle IDA (College of New Rochelle) 5.250 07/01/2027 13,504,380 - --------------------------------------------------------------------------------------------------------------------------------- 6,235,000 New Rochelle IDA (College of New Rochelle) 5.500 07/01/2019 6,548,745 - --------------------------------------------------------------------------------------------------------------------------------- 3,670,000 New Rochelle IDA (Soundview Apartments) 5.375 04/01/2036 3,830,783 - --------------------------------------------------------------------------------------------------------------------------------- 4,715,000 Newark-Wayne Community Hospital 5.875 01/15/2033 4,722,780 - --------------------------------------------------------------------------------------------------------------------------------- 2,190,000 Newark-Wayne Community Hospital 7.600 09/01/2015 2,192,497 - --------------------------------------------------------------------------------------------------------------------------------- 3,300,000 Niagara County IDA (American Ref-Fuel Company) 5.550 11/15/2024 3,448,533 - --------------------------------------------------------------------------------------------------------------------------------- 1,500,000 Niagara County IDA (Niagara University) 5.350 11/01/2023 1,615,815 - --------------------------------------------------------------------------------------------------------------------------------- 5,400,000 Niagara County IDA (Niagara University) 5.400 11/01/2031 5,678,100 - --------------------------------------------------------------------------------------------------------------------------------- 850,000 Niagara County IDA (Sevenson Hotel) 6.600 05/01/2007 851,904 - --------------------------------------------------------------------------------------------------------------------------------- 6,500,000 Niagara County IDA (Solid Waste Disposal) 5.625 11/15/2024 6,843,005 - --------------------------------------------------------------------------------------------------------------------------------- 20,000 Niagara County Tobacco Asset Securitization Corp. 5.750 05/15/2022 20,898 - --------------------------------------------------------------------------------------------------------------------------------- 1,370,000 Niagara County Tobacco Asset Securitization Corp. 1 6.250 05/15/2034 1,450,145 - --------------------------------------------------------------------------------------------------------------------------------- 6,255,000 Niagara County Tobacco Asset Securitization Corp. 6.250 05/15/2040 6,620,918 - --------------------------------------------------------------------------------------------------------------------------------- 195,000 Niagara Frontier Transportation Authority (Buffalo Niagara International Airport) 5.000 04/01/2028 198,340 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 Niagara Frontier Transportation Authority (Buffalo Niagara International Airport) 5.625 04/01/2029 26,261 - --------------------------------------------------------------------------------------------------------------------------------- 715,000 North Babylon Volunteer Fire Company 5.750 08/01/2022 747,697 - --------------------------------------------------------------------------------------------------------------------------------- 1,555,000 North Country Devel. Authority (Clarkson University) 5.500 07/01/2019 1,621,259 - --------------------------------------------------------------------------------------------------------------------------------- 3,145,000 North Country Devel. Authority (Clarkson University) 5.500 07/01/2029 3,265,265 - ---------------------------------------------------------------------------------------------------------------------------------
7 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 260,000 North Tonawanda HDC (Bishop Gibbons Associates) 6.800% 12/15/2007 $ 263,006 - --------------------------------------------------------------------------------------------------------------------------------- 3,295,000 North Tonawanda HDC (Bishop Gibbons Associates) 7.375 12/15/2021 3,753,104 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 Nunda GO 8.000 05/01/2010 28,091 - --------------------------------------------------------------------------------------------------------------------------------- 56,030,000 NY Convention Center Devel. Corp. (Hotel Unit Fee) 5.000 11/15/2044 58,583,287 - --------------------------------------------------------------------------------------------------------------------------------- 315,000 NY Counties Tobacco Trust I 6.500 06/01/2035 336,222 - --------------------------------------------------------------------------------------------------------------------------------- 1,295,000 NY Counties Tobacco Trust I (TASC) Fixed Receipts 6.225 06/01/2028 1,375,950 - --------------------------------------------------------------------------------------------------------------------------------- 3,880,000 NY Counties Tobacco Trust I (TASC) RITES 7.637 4 06/01/2028 4,607,578 - --------------------------------------------------------------------------------------------------------------------------------- 2,960,000 NY Counties Tobacco Trust I RITES 7.224 4 06/01/2035 3,358,801 - --------------------------------------------------------------------------------------------------------------------------------- 9,615,000 NY Counties Tobacco Trust I RITES 7.310 4 06/01/2042 11,057,923 - --------------------------------------------------------------------------------------------------------------------------------- 14,900,000 NY Counties Tobacco Trust II RITES 6.733 4 06/01/2035 15,971,310 - --------------------------------------------------------------------------------------------------------------------------------- 5,000,000 NY Counties Tobacco Trust II RITES 8.556 4 06/01/2043 5,616,150 - --------------------------------------------------------------------------------------------------------------------------------- 12,950,000 NY Counties Tobacco Trust II RITES 8.556 4 06/01/2043 14,545,829 - --------------------------------------------------------------------------------------------------------------------------------- 245,000 NY Counties Tobacco Trust III 6.000 06/01/2043 261,021 - --------------------------------------------------------------------------------------------------------------------------------- 7,000,000 NY Counties Tobacco Trust IV 1 5.000 06/01/2038 7,085,540 - --------------------------------------------------------------------------------------------------------------------------------- 1,500,000 NY Counties Tobacco Trust IV 5.000 06/01/2042 1,514,085 - --------------------------------------------------------------------------------------------------------------------------------- 131,335,000 NY Counties Tobacco Trust IV 5.920 3 06/01/2050 9,562,501 - --------------------------------------------------------------------------------------------------------------------------------- 304,690,000 NY Counties Tobacco Trust IV 6.395 3 06/01/2055 13,479,486 - --------------------------------------------------------------------------------------------------------------------------------- 608,700,000 NY Counties Tobacco Trust IV 6.816 3 06/01/2060 15,394,023 - --------------------------------------------------------------------------------------------------------------------------------- 82,500,000 NY Counties Tobacco Trust IV (TASC) 2 0.000 6 06/01/2041 66,810,975 - --------------------------------------------------------------------------------------------------------------------------------- 82,500,000 NY Counties Tobacco Trust IV (TASC) 2 6.650 06/01/2041 15,246,000 - --------------------------------------------------------------------------------------------------------------------------------- 12,300,000 NY Counties Tobacco Trust IV RITES 5.646 4 06/01/2042 12,530,994 - --------------------------------------------------------------------------------------------------------------------------------- 10,210,000 NY Counties Tobacco Trust IV RITES 5.646 4 06/01/2042 10,401,744 - --------------------------------------------------------------------------------------------------------------------------------- 5,725,000 NY Counties Tobacco Trust IV RITES 5.646 4 06/01/2045 5,832,516 - --------------------------------------------------------------------------------------------------------------------------------- 8,700,000 NY Counties Tobacco Trust IV RITES 5.646 4 06/01/2045 8,863,386 - --------------------------------------------------------------------------------------------------------------------------------- 1,500,000 NY Counties Tobacco Trust IV RITES 5.646 4 06/01/2045 1,528,170 - --------------------------------------------------------------------------------------------------------------------------------- 212,995,000 NY Counties Tobacco Trust V 6.043 3 06/01/2038 33,642,560 - --------------------------------------------------------------------------------------------------------------------------------- 523,325,000 NY Counties Tobacco Trust V 6.147 3 06/01/2050 37,977,695 - --------------------------------------------------------------------------------------------------------------------------------- 643,195,000 NY Counties Tobacco Trust V 6.850 3 06/01/2055 25,110,333 - --------------------------------------------------------------------------------------------------------------------------------- 3,845,000,000 NY Counties Tobacco Trust V 7.846 3 06/01/2060 67,518,200 - --------------------------------------------------------------------------------------------------------------------------------- 2,500,000 NY Liberty Devel. Corp. (National Sports Museum) 1 6.125 02/15/2019 2,590,850 - --------------------------------------------------------------------------------------------------------------------------------- 11,745,000 NY TSASC, Inc. (TFABs) 1 5.125 06/01/2042 11,977,551 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 NYC GO 0.000 6 03/15/2029 22,282 - --------------------------------------------------------------------------------------------------------------------------------- 5,000 NYC GO 5.000 03/15/2021 5,149 - --------------------------------------------------------------------------------------------------------------------------------- 6,000,000 NYC GO 5.000 03/01/2024 6,326,460 - --------------------------------------------------------------------------------------------------------------------------------- 6,400,000 NYC GO 5.000 04/01/2024 6,784,960 - --------------------------------------------------------------------------------------------------------------------------------- 9,305,000 NYC GO 5.000 08/01/2024 9,856,228 - --------------------------------------------------------------------------------------------------------------------------------- 5,000,000 NYC GO 5.000 08/01/2024 5,283,100 - --------------------------------------------------------------------------------------------------------------------------------- 2,650,000 NYC GO 5.000 09/01/2024 2,801,262 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 NYC GO 5.000 03/01/2025 26,036 - --------------------------------------------------------------------------------------------------------------------------------- 17,515,000 NYC GO 5.000 06/01/2025 18,539,803 - --------------------------------------------------------------------------------------------------------------------------------- 5,700,000 NYC GO 5.000 08/01/2025 6,024,159 - --------------------------------------------------------------------------------------------------------------------------------- 3,205,000 NYC GO 5.000 11/01/2025 3,366,853 - --------------------------------------------------------------------------------------------------------------------------------- 3,000,000 NYC GO 5.000 04/01/2026 3,153,720 - --------------------------------------------------------------------------------------------------------------------------------- 22,025,000 NYC GO 5.000 04/01/2026 23,261,484 - --------------------------------------------------------------------------------------------------------------------------------- 6,965,000 NYC GO 5.000 06/01/2026 7,361,169 - ---------------------------------------------------------------------------------------------------------------------------------
8 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 415,000 NYC GO 5.000% 08/01/2026 $ 437,945 - --------------------------------------------------------------------------------------------------------------------------------- 3,600,000 NYC GO 5.000 08/01/2027 3,796,200 - --------------------------------------------------------------------------------------------------------------------------------- 2,500,000 NYC GO 5.000 08/01/2028 2,636,250 - --------------------------------------------------------------------------------------------------------------------------------- 15,000,000 NYC GO 5.000 08/01/2028 15,852,750 - --------------------------------------------------------------------------------------------------------------------------------- 110,000 NYC GO 5.000 08/15/2028 112,416 - --------------------------------------------------------------------------------------------------------------------------------- 6,000,000 NYC GO 5.000 11/01/2028 6,290,460 - --------------------------------------------------------------------------------------------------------------------------------- 395,000 NYC GO 5.000 03/15/2029 404,895 - --------------------------------------------------------------------------------------------------------------------------------- 20,000 NYC GO 5.000 03/15/2029 20,548 - --------------------------------------------------------------------------------------------------------------------------------- 8,000,000 NYC GO 5.000 06/01/2029 8,435,600 - --------------------------------------------------------------------------------------------------------------------------------- 110,000 NYC GO 5.000 10/15/2029 114,601 - --------------------------------------------------------------------------------------------------------------------------------- 74,735,000 NYC GO 5.000 03/01/2030 78,251,282 - --------------------------------------------------------------------------------------------------------------------------------- 20,000,000 NYC GO 5.000 04/01/2030 20,949,200 - --------------------------------------------------------------------------------------------------------------------------------- 40,070,000 NYC GO 5.000 06/01/2030 41,994,562 - --------------------------------------------------------------------------------------------------------------------------------- 36,840,000 NYC GO 5.000 08/01/2030 38,631,898 - --------------------------------------------------------------------------------------------------------------------------------- 2,000,000 NYC GO 5.000 08/01/2030 2,101,760 - --------------------------------------------------------------------------------------------------------------------------------- 16,905,000 NYC GO 5.000 06/01/2031 17,784,398 - --------------------------------------------------------------------------------------------------------------------------------- 25,910,000 NYC GO 5.000 08/01/2031 27,276,753 - --------------------------------------------------------------------------------------------------------------------------------- 60,000 NYC GO 5.000 03/01/2033 62,146 - --------------------------------------------------------------------------------------------------------------------------------- 55,475,000 NYC GO 5.000 06/01/2033 58,032,952 - --------------------------------------------------------------------------------------------------------------------------------- 115,000 NYC GO 5.000 10/15/2033 119,456 - --------------------------------------------------------------------------------------------------------------------------------- 12,455,000 NYC GO 5.000 12/01/2033 13,001,650 - --------------------------------------------------------------------------------------------------------------------------------- 53,750,000 NYC GO 5.000 11/01/2034 56,060,713 - --------------------------------------------------------------------------------------------------------------------------------- 30,000,000 NYC GO 5.000 03/01/2035 31,329,600 - --------------------------------------------------------------------------------------------------------------------------------- 26,670,000 NYC GO 5.000 04/01/2035 27,862,416 - --------------------------------------------------------------------------------------------------------------------------------- 5,400,000 NYC GO 5.000 08/01/2035 5,648,940 - --------------------------------------------------------------------------------------------------------------------------------- 4,605,000 NYC GO 5.000 08/01/2036 4,836,585 - --------------------------------------------------------------------------------------------------------------------------------- 60,000 NYC GO 5.100 11/01/2019 63,316 - --------------------------------------------------------------------------------------------------------------------------------- 5,285,000 NYC GO 5.100 08/15/2027 5,575,939 - --------------------------------------------------------------------------------------------------------------------------------- 1,860,000 NYC GO 5.250 08/01/2021 1,903,319 - --------------------------------------------------------------------------------------------------------------------------------- 3,710,000 NYC GO 5.250 10/15/2021 3,993,370 - --------------------------------------------------------------------------------------------------------------------------------- 265,000 NYC GO 5.250 08/15/2023 273,870 - --------------------------------------------------------------------------------------------------------------------------------- 530,000 NYC GO 5.250 08/01/2024 544,252 - --------------------------------------------------------------------------------------------------------------------------------- 5,000 NYC GO 5.250 08/01/2024 5,163 - --------------------------------------------------------------------------------------------------------------------------------- 3,875,000 NYC GO 5.250 06/01/2027 4,214,295 - --------------------------------------------------------------------------------------------------------------------------------- 29,610,000 NYC GO 5.250 06/01/2027 31,277,635 - --------------------------------------------------------------------------------------------------------------------------------- 375,000 NYC GO 5.250 06/01/2028 412,373 - --------------------------------------------------------------------------------------------------------------------------------- 4,085,000 NYC GO 5.250 06/01/2028 4,345,541 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYC GO 5.250 09/15/2033 1,063,100 - --------------------------------------------------------------------------------------------------------------------------------- 1,735,000 NYC GO 5.375 08/01/2017 1,772,615 - --------------------------------------------------------------------------------------------------------------------------------- 15,000 NYC GO 5.375 08/01/2017 15,385 - --------------------------------------------------------------------------------------------------------------------------------- 5,000 NYC GO 5.375 12/01/2026 5,325 - --------------------------------------------------------------------------------------------------------------------------------- 17,700,000 NYC GO 1 5.375 12/01/2026 19,208,748 - --------------------------------------------------------------------------------------------------------------------------------- 15,000 NYC GO 5.375 03/01/2027 16,567 - --------------------------------------------------------------------------------------------------------------------------------- 5,000 NYC GO 5.375 03/01/2027 5,361 - --------------------------------------------------------------------------------------------------------------------------------- 515,000 NYC GO 5.375 08/01/2027 532,937 - --------------------------------------------------------------------------------------------------------------------------------- 1,115,000 NYC GO 1 5.375 03/15/2028 1,216,755 - --------------------------------------------------------------------------------------------------------------------------------- 17,845,000 NYC GO 5.375 06/01/2032 19,521,181 - --------------------------------------------------------------------------------------------------------------------------------- 37,945,000 NYC GO 5.375 06/01/2032 40,280,515 - --------------------------------------------------------------------------------------------------------------------------------- 11,500,000 NYC GO 5.500 08/01/2020 12,576,515 - --------------------------------------------------------------------------------------------------------------------------------- 11,860,000 NYC GO 5.500 08/01/2021 12,962,743 - --------------------------------------------------------------------------------------------------------------------------------- 405,000 NYC GO 5.500 06/01/2028 445,626 - ---------------------------------------------------------------------------------------------------------------------------------
9 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 850,000 NYC GO 5.500% 06/01/2028 $ 910,920 - --------------------------------------------------------------------------------------------------------------------------------- 5,000 NYC GO 5.500 12/01/2031 5,381 - --------------------------------------------------------------------------------------------------------------------------------- 4,155,000 NYC GO 1 5.500 12/01/2031 4,547,897 - --------------------------------------------------------------------------------------------------------------------------------- 970,000 NYC GO 5.500 11/15/2037 1,001,098 - --------------------------------------------------------------------------------------------------------------------------------- 3,705,000 NYC GO 5.500 11/15/2037 3,809,629 - --------------------------------------------------------------------------------------------------------------------------------- 5,000 NYC GO 5.750 02/01/2020 5,076 - --------------------------------------------------------------------------------------------------------------------------------- 1,500,000 NYC GO 5.750 03/01/2020 1,688,715 - --------------------------------------------------------------------------------------------------------------------------------- 1,400,000 NYC GO 5.875 08/01/2024 1,423,618 - --------------------------------------------------------------------------------------------------------------------------------- 5,000 NYC GO 5.950 08/01/2014 5,236 - --------------------------------------------------------------------------------------------------------------------------------- 12,880,000 NYC GO 6.000 01/15/2021 14,391,082 - --------------------------------------------------------------------------------------------------------------------------------- 40,000 NYC GO 6.154 3 10/01/2012 32,038 - --------------------------------------------------------------------------------------------------------------------------------- 200,000 NYC GO 6.343 3 05/15/2012 162,264 - --------------------------------------------------------------------------------------------------------------------------------- 335,000 NYC GO 6.350 05/15/2014 351,549 - --------------------------------------------------------------------------------------------------------------------------------- 20,000 NYC GO 7.000 02/01/2010 20,213 - --------------------------------------------------------------------------------------------------------------------------------- 15,000 NYC GO 7.250 08/15/2024 15,042 - --------------------------------------------------------------------------------------------------------------------------------- 5,000 NYC GO 7.750 08/15/2028 5,074 - --------------------------------------------------------------------------------------------------------------------------------- 100,000 NYC GO DIAMONDS 0.000 6 08/01/2025 97,108 - --------------------------------------------------------------------------------------------------------------------------------- 150,000 NYC GO PRAMS 0.000 6 08/01/2022 145,769 - --------------------------------------------------------------------------------------------------------------------------------- 837,000 NYC GO RIBS 8.735 4 08/12/2010 850,283 - --------------------------------------------------------------------------------------------------------------------------------- 837,000 NYC GO RIBS 8.735 4 09/01/2011 850,509 - --------------------------------------------------------------------------------------------------------------------------------- 1,045,000 NYC HDC (Barclay Avenue) 6.450 04/01/2017 1,065,116 - --------------------------------------------------------------------------------------------------------------------------------- 4,055,000 NYC HDC (Barclay Avenue) 6.600 04/01/2033 4,139,425 - --------------------------------------------------------------------------------------------------------------------------------- 278,878 NYC HDC (Bay Towers) 6.500 08/15/2017 293,463 - --------------------------------------------------------------------------------------------------------------------------------- 353,557 NYC HDC (Bridgeview III) 6.500 12/15/2017 372,048 - --------------------------------------------------------------------------------------------------------------------------------- 997,847 NYC HDC (Cadman Towers) 6.500 11/15/2018 1,050,054 - --------------------------------------------------------------------------------------------------------------------------------- 142,058 NYC HDC (Candia House) 6.500 06/15/2018 149,471 - --------------------------------------------------------------------------------------------------------------------------------- 235,857 NYC HDC (Contello III) 7.000 12/15/2018 248,247 - --------------------------------------------------------------------------------------------------------------------------------- 836,617 NYC HDC (Court Plaza) 6.500 08/15/2017 880,372 - --------------------------------------------------------------------------------------------------------------------------------- 2,763,574 NYC HDC (East Midtown Plaza) 6.500 11/15/2018 2,908,164 - --------------------------------------------------------------------------------------------------------------------------------- 64,211 NYC HDC (Essex Terrace) 6.500 07/15/2018 67,562 - --------------------------------------------------------------------------------------------------------------------------------- 379,595 NYC HDC (Forest Park Crescent) 6.500 12/15/2017 399,395 - --------------------------------------------------------------------------------------------------------------------------------- 305,843 NYC HDC (Kingsbridge Arms) 6.500 08/15/2017 321,839 - --------------------------------------------------------------------------------------------------------------------------------- 6,470,000 NYC HDC (Multifamily Hsg.) 4.750 11/01/2035 6,567,632 - --------------------------------------------------------------------------------------------------------------------------------- 3,185,000 NYC HDC (Multifamily Hsg.) 5.050 11/01/2039 3,255,197 - --------------------------------------------------------------------------------------------------------------------------------- 8,500,000 NYC HDC (Multifamily Hsg.) 5.250 11/01/2030 8,953,135 - --------------------------------------------------------------------------------------------------------------------------------- 3,000,000 NYC HDC (Multifamily Hsg.), Series A 5.500 11/01/2034 3,111,420 - --------------------------------------------------------------------------------------------------------------------------------- 10,470,000 NYC HDC (Multifamily Hsg.), Series A 5.600 11/01/2042 10,891,941 - --------------------------------------------------------------------------------------------------------------------------------- 14,250,000 NYC HDC (Multifamily Hsg.), Series B 7 5.350 05/01/2049 14,870,445 - --------------------------------------------------------------------------------------------------------------------------------- 11,250,000 NYC HDC (Multifamily Hsg.), Series C 5.050 11/01/2036 11,689,988 - --------------------------------------------------------------------------------------------------------------------------------- 8,365,000 NYC HDC (Multifamily Hsg.), Series C 5.125 05/01/2040 8,645,144 - --------------------------------------------------------------------------------------------------------------------------------- 330,000 NYC HDC (Multifamily Hsg.), Series C 5.700 05/01/2031 341,375 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYC HDC (Multifamily Hsg.), Series E 5.200 11/01/2033 1,026,970 - --------------------------------------------------------------------------------------------------------------------------------- 11,000,000 NYC HDC (Multifamily Hsg.), Series E-1 4.950 11/01/2033 11,422,070 - --------------------------------------------------------------------------------------------------------------------------------- 2,155,000 NYC HDC (Multifamily Hsg.), Series F 5.200 11/01/2032 2,213,120 - --------------------------------------------------------------------------------------------------------------------------------- 1,345,000 NYC HDC (Multifamily Hsg.), Series H-2 5.200 11/01/2038 1,375,854 - --------------------------------------------------------------------------------------------------------------------------------- 3,400,000 NYC HDC (Multifamily Hsg.), Series H-2 5.250 05/01/2046 3,478,064 - --------------------------------------------------------------------------------------------------------------------------------- 15,510,000 NYC HDC (Multifamily Hsg.), Series I-2 5.200 11/01/2038 15,886,738 - --------------------------------------------------------------------------------------------------------------------------------- 15,000,000 NYC HDC (Progress of Peoples Devel.) 4.950 05/15/2036 15,271,650 - --------------------------------------------------------------------------------------------------------------------------------- 190,344 NYC HDC (Rosalie Manning Apartments) 7.034 11/15/2018 200,348 - --------------------------------------------------------------------------------------------------------------------------------- 691,171 NYC HDC (Seaview Towers) 6.500 01/15/2018 727,236 - ---------------------------------------------------------------------------------------------------------------------------------
10 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 286,455 NYC HDC (St. Martin Tower) 6.500% 11/15/2018 $ 301,442 - --------------------------------------------------------------------------------------------------------------------------------- 1,315,547 NYC HDC (Tivoli Towers) 6.500 01/15/2018 1,383,311 - --------------------------------------------------------------------------------------------------------------------------------- 196,297 NYC HDC (Westview Apartments) 6.500 10/15/2017 206,564 - --------------------------------------------------------------------------------------------------------------------------------- 2,750,000 NYC HDC, Series C 5.000 11/01/2026 2,833,930 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYC Health & Hospital Corp. 5.375 02/15/2026 1,046,430 - --------------------------------------------------------------------------------------------------------------------------------- 5,875,000 NYC Health & Hospital Corp. RITES 8.134 4 02/15/2020 6,786,800 - --------------------------------------------------------------------------------------------------------------------------------- 1,165,000 NYC IDA (A Very Special Place) 5.750 01/01/2029 1,163,427 - --------------------------------------------------------------------------------------------------------------------------------- 3,535,000 NYC IDA (Acme Architectural Products) 6.375 11/01/2019 3,549,140 - --------------------------------------------------------------------------------------------------------------------------------- 33,455,000 NYC IDA (Airis JFK I/JFK International Airport) 5.500 07/01/2028 34,469,021 - --------------------------------------------------------------------------------------------------------------------------------- 20,745,000 NYC IDA (Airis JFK I/JFK International Airport) 6.000 07/01/2027 21,435,186 - --------------------------------------------------------------------------------------------------------------------------------- 305,000 NYC IDA (Allied Metal) 6.375 12/01/2014 311,524 - --------------------------------------------------------------------------------------------------------------------------------- 940,000 NYC IDA (Allied Metal) 7.125 12/01/2027 969,488 - --------------------------------------------------------------------------------------------------------------------------------- 3,250,000 NYC IDA (Amboy Properties) 6.750 06/01/2020 3,149,510 - --------------------------------------------------------------------------------------------------------------------------------- 2,595,000 NYC IDA (American Airlines) 5.400 07/01/2019 2,423,315 - --------------------------------------------------------------------------------------------------------------------------------- 29,935,000 NYC IDA (American Airlines) 1 5.400 07/01/2020 27,854,817 - --------------------------------------------------------------------------------------------------------------------------------- 38,410,000 NYC IDA (American Airlines) 6.900 08/01/2024 38,417,298 - --------------------------------------------------------------------------------------------------------------------------------- 331,800,000 NYC IDA (American Airlines) 8.500 08/01/2028 383,351,766 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYC IDA (American National Red Cross) 5.000 02/01/2036 1,054,500 - --------------------------------------------------------------------------------------------------------------------------------- 485,000 NYC IDA (Atlantic Paste & Glue Company) 6.000 11/01/2007 486,358 - --------------------------------------------------------------------------------------------------------------------------------- 4,620,000 NYC IDA (Atlantic Paste & Glue Company) 6.625 11/01/2019 4,723,627 - --------------------------------------------------------------------------------------------------------------------------------- 1,160,000 NYC IDA (Atlantic Veal & Lamb) 8.375 12/01/2016 1,198,326 - --------------------------------------------------------------------------------------------------------------------------------- 535,000 NYC IDA (Baco Enterprises) 7.500 11/01/2011 556,593 - --------------------------------------------------------------------------------------------------------------------------------- 1,685,000 NYC IDA (Baco Enterprises) 8.500 11/01/2021 1,792,840 - --------------------------------------------------------------------------------------------------------------------------------- 155,000 NYC IDA (Bark Frameworks) 6.000 11/01/2007 153,703 - --------------------------------------------------------------------------------------------------------------------------------- 1,500,000 NYC IDA (Bark Frameworks) 6.750 11/01/2019 1,443,270 - --------------------------------------------------------------------------------------------------------------------------------- 10,705,000 NYC IDA (Berkeley Carroll School) 6.100 11/01/2028 10,707,462 - --------------------------------------------------------------------------------------------------------------------------------- 5,500,000 NYC IDA (Beth Abraham Health Services) 6.500 02/15/2022 5,963,155 - --------------------------------------------------------------------------------------------------------------------------------- 1,035,000 NYC IDA (Beth Abraham Health Services) 6.500 11/15/2027 1,114,705 - --------------------------------------------------------------------------------------------------------------------------------- 4,220,000 NYC IDA (Beth Abraham Health Services) 6.500 11/15/2034 4,511,096 - --------------------------------------------------------------------------------------------------------------------------------- 49,110,000 NYC IDA (British Airways) 5.250 12/01/2032 47,466,288 - --------------------------------------------------------------------------------------------------------------------------------- 34,165,000 NYC IDA (British Airways) 7.625 12/01/2032 38,304,773 - --------------------------------------------------------------------------------------------------------------------------------- 85,795,000 NYC IDA (Brooklyn Navy Yard Cogeneration Partners) 5.650 10/01/2028 86,392,133 - --------------------------------------------------------------------------------------------------------------------------------- 143,510,000 NYC IDA (Brooklyn Navy Yard Cogeneration Partners) 5.750 10/01/2036 144,983,848 - --------------------------------------------------------------------------------------------------------------------------------- 21,105,000 NYC IDA (Brooklyn Navy Yard Cogeneration Partners) 6.200 10/01/2022 22,710,668 - --------------------------------------------------------------------------------------------------------------------------------- 16,205,000 NYC IDA (Calhoun School) 6.625 12/01/2034 17,208,738 - --------------------------------------------------------------------------------------------------------------------------------- 4,145,000 NYC IDA (Calhoun School) 6.625 12/01/2034 4,432,539 - --------------------------------------------------------------------------------------------------------------------------------- 2,895,000 NYC IDA (Center for Elimination of Family Violence) 7.375 11/01/2036 2,941,291 - --------------------------------------------------------------------------------------------------------------------------------- 2,235,000 NYC IDA (Chardan Corp.) 7.750 11/01/2020 2,248,946 - --------------------------------------------------------------------------------------------------------------------------------- 2,500,000 NYC IDA (College of Aeronautics) 5.450 05/01/2018 2,574,025 - --------------------------------------------------------------------------------------------------------------------------------- 9,600,000 NYC IDA (College of Aeronautics) 5.500 05/01/2028 9,836,160 - --------------------------------------------------------------------------------------------------------------------------------- 2,505,000 NYC IDA (College of New Rochelle) 5.750 09/01/2017 2,592,625 - --------------------------------------------------------------------------------------------------------------------------------- 2,975,000 NYC IDA (College of New Rochelle) 5.800 09/01/2026 3,080,256 - --------------------------------------------------------------------------------------------------------------------------------- 2,040,000 NYC IDA (Community Hospital of Brooklyn) 6.875 11/01/2010 2,060,053 - --------------------------------------------------------------------------------------------------------------------------------- 1,490,000 NYC IDA (Comprehensive Care Management) 6.000 05/01/2026 1,531,005 - --------------------------------------------------------------------------------------------------------------------------------- 3,145,000 NYC IDA (Comprehensive Care Management) 6.125 11/01/2035 3,226,550 - --------------------------------------------------------------------------------------------------------------------------------- 3,975,000 NYC IDA (Comprehensive Care Management) 6.375 11/01/2028 4,075,011 - --------------------------------------------------------------------------------------------------------------------------------- 1,575,000 NYC IDA (Comprehensive Care Management) 6.375 11/01/2028 1,597,019 - --------------------------------------------------------------------------------------------------------------------------------- 1,770,000 NYC IDA (Comprehensive Care Management) 7.875 12/01/2016 1,829,419 - ---------------------------------------------------------------------------------------------------------------------------------
11 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 1,110,000 NYC IDA (Comprehensive Care Management) 8.000% 12/01/2011 $ 1,114,762 - --------------------------------------------------------------------------------------------------------------------------------- 1,500,000 NYC IDA (Continental Airlines) 7.250 11/01/2008 1,536,630 - --------------------------------------------------------------------------------------------------------------------------------- 4,685,000 NYC IDA (Continental Airlines) 8.375 11/01/2016 5,189,856 - --------------------------------------------------------------------------------------------------------------------------------- 380,000 NYC IDA (Dioni) 6.000 11/01/2007 382,546 - --------------------------------------------------------------------------------------------------------------------------------- 3,600,000 NYC IDA (Dioni) 6.625 11/01/2019 3,721,140 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYC IDA (Eger Harbor House) 5.875 05/20/2044 1,121,320 - --------------------------------------------------------------------------------------------------------------------------------- 5,500,000 NYC IDA (Family Support Systems) 7.500 11/01/2034 5,679,685 - --------------------------------------------------------------------------------------------------------------------------------- 7,315,000 NYC IDA (Friends Seminary School) 7.125 09/15/2031 7,870,282 - --------------------------------------------------------------------------------------------------------------------------------- 3,280,000 NYC IDA (Gabrielli Truck Sales) 8.125 12/01/2017 3,432,356 - --------------------------------------------------------------------------------------------------------------------------------- 2,265,000 NYC IDA (Gateway School of NY) 6.500 11/01/2019 2,419,677 - --------------------------------------------------------------------------------------------------------------------------------- 14,350,000 NYC IDA (General Motors Corp.) 1 5.125 12/30/2023 13,224,960 - --------------------------------------------------------------------------------------------------------------------------------- 1,900,000 NYC IDA (Global Country World Peace) 7.250 11/01/2025 1,916,606 - --------------------------------------------------------------------------------------------------------------------------------- 1,800,000 NYC IDA (Global Country World Peace) 7.250 11/01/2025 1,800,036 - --------------------------------------------------------------------------------------------------------------------------------- 2,175,000 NYC IDA (Good Shepherd Services) 5.875 06/01/2014 2,237,575 - --------------------------------------------------------------------------------------------------------------------------------- 260,000 NYC IDA (Herbert G. Birch Childhood Project) 7.375 02/01/2009 262,496 - --------------------------------------------------------------------------------------------------------------------------------- 2,195,000 NYC IDA (Herbert G. Birch Childhood Project) 8.375 02/01/2022 2,271,210 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYC IDA (Independent Living Assoc.) 6.200 07/01/2020 1,014,380 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYC IDA (Institute of International Education) 5.250 09/01/2021 1,055,540 - --------------------------------------------------------------------------------------------------------------------------------- 3,000,000 NYC IDA (Institute of International Education) 5.250 09/01/2031 3,142,050 - --------------------------------------------------------------------------------------------------------------------------------- 1,605,000 NYC IDA (Julia Gray) 7.500 11/01/2020 1,691,317 - --------------------------------------------------------------------------------------------------------------------------------- 805,000 NYC IDA (Just Bagels Manufacturing) 8.500 11/01/2016 886,949 - --------------------------------------------------------------------------------------------------------------------------------- 1,010,000 NYC IDA (Just Bagels Manufacturing) 8.750 11/01/2026 1,108,798 - --------------------------------------------------------------------------------------------------------------------------------- 1,035,000 NYC IDA (L&M Optical Disc) 7.125 11/01/2010 1,036,128 - --------------------------------------------------------------------------------------------------------------------------------- 7,000,000 NYC IDA (Liberty-7 World Trade Center) 2 6.750 03/01/2015 7,535,080 - --------------------------------------------------------------------------------------------------------------------------------- 16,600,000 NYC IDA (Liberty-IAC/Interactive Corp.) 1 5.000 09/01/2035 16,904,444 - --------------------------------------------------------------------------------------------------------------------------------- 3,025,000 NYC IDA (Little Red Schoolhouse) 6.750 11/01/2018 3,192,131 - --------------------------------------------------------------------------------------------------------------------------------- 390,000 NYC IDA (Lucky Polyethylene Manufacturing Company) 7.000 11/01/2009 384,926 - --------------------------------------------------------------------------------------------------------------------------------- 2,995,000 NYC IDA (Lucky Polyethylene Manufacturing Company) 7.800 11/01/2024 2,955,346 - --------------------------------------------------------------------------------------------------------------------------------- 2,000,000 NYC IDA (Lycee Francais De New York) 5.375 06/01/2023 2,098,220 - --------------------------------------------------------------------------------------------------------------------------------- 23,000,000 NYC IDA (Magen David Yeshivah) 5.700 06/15/2027 24,744,780 - --------------------------------------------------------------------------------------------------------------------------------- 680,000 NYC IDA (Marymount School of NY) 5.125 09/01/2021 708,914 - --------------------------------------------------------------------------------------------------------------------------------- 3,960,000 NYC IDA (Marymount School of NY) 5.250 09/01/2031 4,228,607 - --------------------------------------------------------------------------------------------------------------------------------- 19,335,000 NYC IDA (MediSys Health Network) 6.250 03/15/2024 18,286,656 - --------------------------------------------------------------------------------------------------------------------------------- 1,450,000 NYC IDA (Mesorah Publications) 6.450 02/01/2011 1,489,194 - --------------------------------------------------------------------------------------------------------------------------------- 4,790,000 NYC IDA (Mesorah Publications) 6.950 02/01/2021 5,002,580 - --------------------------------------------------------------------------------------------------------------------------------- 3,200,000 NYC IDA (Metropolitan College of New York) 5.750 03/01/2020 3,168,896 - --------------------------------------------------------------------------------------------------------------------------------- 2,275,000 NYC IDA (Morrisons Pastry) 6.500 11/01/2019 2,293,200 - --------------------------------------------------------------------------------------------------------------------------------- 375,000 NYC IDA (NYC Outward Bound Center) 7.250 11/01/2010 375,563 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 NYC IDA (NYU) 5.000 07/01/2041 25,695 - --------------------------------------------------------------------------------------------------------------------------------- 505,000 NYC IDA (NYU) 5.000 07/01/2041 519,039 - --------------------------------------------------------------------------------------------------------------------------------- 290,000 NYC IDA (Paradise Products) 7.125 11/01/2007 292,946 - --------------------------------------------------------------------------------------------------------------------------------- 4,475,000 NYC IDA (Paradise Products) 8.250 11/01/2022 4,665,859 - --------------------------------------------------------------------------------------------------------------------------------- 470,000 NYC IDA (Petrocelli Electric) 7.250 11/01/2007 478,498 - --------------------------------------------------------------------------------------------------------------------------------- 170,000 NYC IDA (Petrocelli Electric) 7.250 11/01/2008 175,051 - --------------------------------------------------------------------------------------------------------------------------------- 3,780,000 NYC IDA (Petrocelli Electric) 8.000 11/01/2017 3,943,674 - --------------------------------------------------------------------------------------------------------------------------------- 940,000 NYC IDA (Petrocelli Electric) 8.000 11/01/2018 991,474 - --------------------------------------------------------------------------------------------------------------------------------- 6,410,000 NYC IDA (Polytechnic University) 6.000 11/01/2020 6,780,434 - --------------------------------------------------------------------------------------------------------------------------------- 34,050,000 NYC IDA (Polytechnic University) 6.125 11/01/2030 35,992,212 - --------------------------------------------------------------------------------------------------------------------------------- 2,240,000 NYC IDA (Precision Gear) 6.375 11/01/2024 2,278,013 - ---------------------------------------------------------------------------------------------------------------------------------
12 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 1,910,000 NYC IDA (Precision Gear) 6.375% 11/01/2024 $ 1,942,413 - --------------------------------------------------------------------------------------------------------------------------------- 930,000 NYC IDA (Precision Gear) 7.625 11/01/2024 995,918 - --------------------------------------------------------------------------------------------------------------------------------- 4,100,000 NYC IDA (PSCH) 6.375 07/01/2033 4,394,011 - --------------------------------------------------------------------------------------------------------------------------------- 8,000,000 NYC IDA (Queens Baseball Stadium) 5.000 01/01/2039 8,463,360 - --------------------------------------------------------------------------------------------------------------------------------- 14,000,000 NYC IDA (Queens Baseball Stadium) 5.000 01/01/2046 14,722,960 - --------------------------------------------------------------------------------------------------------------------------------- 6,800,000 NYC IDA (Reece School) 7.500 12/01/2037 6,884,116 - --------------------------------------------------------------------------------------------------------------------------------- 2,300,000 NYC IDA (Reece School) 7.500 12/01/2037 2,300,437 - --------------------------------------------------------------------------------------------------------------------------------- 2,615,000 NYC IDA (Riverdale Terrace Hsg. Devel. Fund) 6.250 11/01/2014 2,559,510 - --------------------------------------------------------------------------------------------------------------------------------- 8,595,000 NYC IDA (Riverdale Terrace Hsg. Devel. Fund) 6.750 11/01/2028 8,555,549 - --------------------------------------------------------------------------------------------------------------------------------- 1,030,000 NYC IDA (Sahadi Fine Foods) 6.250 11/01/2009 1,036,870 - --------------------------------------------------------------------------------------------------------------------------------- 4,085,000 NYC IDA (Sahadi Fine Foods) 6.750 11/01/2019 4,092,230 - --------------------------------------------------------------------------------------------------------------------------------- 875,000 NYC IDA (Services for the Underserved\Young Adult Institute Obligated Group) 5.000 07/01/2026 905,336 - --------------------------------------------------------------------------------------------------------------------------------- 4,380,000 NYC IDA (Showman Fabricators) 7.500 11/01/2028 4,452,051 - --------------------------------------------------------------------------------------------------------------------------------- 3,420,000 NYC IDA (South Bronx Overall Economic Devel.) 8.625 12/01/2025 3,533,270 - --------------------------------------------------------------------------------------------------------------------------------- 1,625,000 NYC IDA (Special Needs Facilities Pooled Program) 4.750 07/01/2020 1,656,980 - --------------------------------------------------------------------------------------------------------------------------------- 4,255,000 NYC IDA (Special Needs Facilities Pooled Program) 6.650 07/01/2023 4,602,038 - --------------------------------------------------------------------------------------------------------------------------------- 7,010,000 NYC IDA (Special Needs Facilities Pooled Program) 7.875 08/01/2025 7,479,390 - --------------------------------------------------------------------------------------------------------------------------------- 5,115,000 NYC IDA (St. Bernard's School) 7.000 12/01/2021 5,281,698 - --------------------------------------------------------------------------------------------------------------------------------- 1,550,000 NYC IDA (St. Francis College) 5.000 10/01/2034 1,605,614 - --------------------------------------------------------------------------------------------------------------------------------- 10,000 NYC IDA (Staten Island University Hospital) 6.375 07/01/2031 10,228 - --------------------------------------------------------------------------------------------------------------------------------- 4,495,000 NYC IDA (Staten Island University Hospital) 6.375 07/01/2031 4,597,396 - --------------------------------------------------------------------------------------------------------------------------------- 1,485,000 NYC IDA (Staten Island University Hospital) 6.450 07/01/2032 1,564,804 - --------------------------------------------------------------------------------------------------------------------------------- 585,000 NYC IDA (Streamline Plastics) 7.750 12/01/2015 592,301 - --------------------------------------------------------------------------------------------------------------------------------- 1,275,000 NYC IDA (Streamline Plastics) 8.125 12/01/2025 1,298,473 - --------------------------------------------------------------------------------------------------------------------------------- 910,000 NYC IDA (Surprise Plastics) 7.500 11/01/2013 882,163 - --------------------------------------------------------------------------------------------------------------------------------- 2,480,000 NYC IDA (Surprise Plastics) 1 8.500 11/01/2023 2,421,075 - --------------------------------------------------------------------------------------------------------------------------------- 5,245,000 NYC IDA (Terminal One Group Assoc.) 5.500 01/01/2020 5,704,357 - --------------------------------------------------------------------------------------------------------------------------------- 7,750,000 NYC IDA (Terminal One Group Assoc.) 5.500 01/01/2021 8,422,545 - --------------------------------------------------------------------------------------------------------------------------------- 11,390,000 NYC IDA (Terminal One Group Assoc.) 5.500 01/01/2024 12,324,322 - --------------------------------------------------------------------------------------------------------------------------------- 380,000 NYC IDA (The Bank Street College) 5.250 12/01/2021 405,677 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYC IDA (The Bank Street College) 5.250 12/01/2030 1,053,930 - --------------------------------------------------------------------------------------------------------------------------------- 10,000,000 NYC IDA (The Child School) 7.550 06/01/2033 10,802,400 - --------------------------------------------------------------------------------------------------------------------------------- 325,000 NYC IDA (Therapy & Learning Center) 7.500 10/01/2011 346,808 - --------------------------------------------------------------------------------------------------------------------------------- 3,735,000 NYC IDA (Therapy & Learning Center) 8.250 10/01/2031 4,041,270 - --------------------------------------------------------------------------------------------------------------------------------- 300,000 NYC IDA (THR Products Corp.) 7.250 11/01/2010 307,416 - --------------------------------------------------------------------------------------------------------------------------------- 1,085,000 NYC IDA (THR Products Corp.) 8.250 11/01/2020 1,141,290 - --------------------------------------------------------------------------------------------------------------------------------- 4,325,000 NYC IDA (Touro College) 6.350 06/01/2029 4,577,667 - --------------------------------------------------------------------------------------------------------------------------------- 4,485,000 NYC IDA (Ulano) 6.900 11/01/2019 4,488,857 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYC IDA (United Nations School) 6.350 12/01/2015 1,031,540 - --------------------------------------------------------------------------------------------------------------------------------- 735,000 NYC IDA (Urban Health Plan) 6.250 09/15/2009 750,567 - --------------------------------------------------------------------------------------------------------------------------------- 9,830,000 NYC IDA (Urban Health Plan) 7.050 09/15/2026 10,328,774 - --------------------------------------------------------------------------------------------------------------------------------- 3,640,000 NYC IDA (Urban Resource Institute) 7.375 11/01/2033 3,876,855 - --------------------------------------------------------------------------------------------------------------------------------- 40,000 NYC IDA (Utleys) 6.625 11/01/2006 39,986 - --------------------------------------------------------------------------------------------------------------------------------- 1,335,000 NYC IDA (Utleys) 7.375 11/01/2023 1,331,729 - --------------------------------------------------------------------------------------------------------------------------------- 365,000 NYC IDA (Van Blarcom Closures) 7.125 11/01/2007 372,128 - --------------------------------------------------------------------------------------------------------------------------------- 2,965,000 NYC IDA (Van Blarcom Closures) 8.000 11/01/2017 3,114,703 - --------------------------------------------------------------------------------------------------------------------------------- 20,000,000 NYC IDA (Visy Paper) 7.800 01/01/2016 20,453,800 - --------------------------------------------------------------------------------------------------------------------------------- 70,500,000 NYC IDA (Visy Paper) 7.950 01/01/2028 72,108,105 - --------------------------------------------------------------------------------------------------------------------------------- 1,930,000 NYC IDA (Vocational Instruction) 7.750 02/01/2033 1,856,814 - --------------------------------------------------------------------------------------------------------------------------------- 435,000 NYC IDA (W & W Jewelers) 7.250 02/01/2011 449,899 - ---------------------------------------------------------------------------------------------------------------------------------
13 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 1,555,000 NYC IDA (W & W Jewelers) 8.250% 02/01/2021 $ 1,650,664 - --------------------------------------------------------------------------------------------------------------------------------- 5,930,000 NYC IDA (Weizmann Institute) 5.900 11/01/2034 6,080,385 - --------------------------------------------------------------------------------------------------------------------------------- 2,900,000 NYC IDA (Weizmann Institute) 5.900 11/01/2034 2,901,392 - --------------------------------------------------------------------------------------------------------------------------------- 3,370,000 NYC IDA (Westchester Square Medical Center) 8.000 11/01/2010 3,470,662 - --------------------------------------------------------------------------------------------------------------------------------- 6,160,000 NYC IDA (Westchester Square Medical Center) 8.375 11/01/2015 6,483,893 - --------------------------------------------------------------------------------------------------------------------------------- 1,660,000 NYC IDA (World Casing Corp.) 6.700 11/01/2019 1,635,565 - --------------------------------------------------------------------------------------------------------------------------------- 7,500,000 NYC IDA (Yankee Stadium) 5.000 03/01/2031 7,973,175 - --------------------------------------------------------------------------------------------------------------------------------- 20,000,000 NYC IDA (Yankee Stadium) 5.000 03/01/2046 21,021,400 - --------------------------------------------------------------------------------------------------------------------------------- 5,000,000 NYC IDA (YMCA of Greater NY) 5.000 08/01/2036 5,206,800 - --------------------------------------------------------------------------------------------------------------------------------- 9,000,000 NYC IDA Special Facilities (JFK International Airport) 8.000 08/01/2012 10,148,490 - --------------------------------------------------------------------------------------------------------------------------------- 10,000,000 NYC Municipal Water Finance Authority 5.000 06/15/2029 10,403,100 - --------------------------------------------------------------------------------------------------------------------------------- 65,000 NYC Municipal Water Finance Authority 5.000 06/15/2029 67,268 - --------------------------------------------------------------------------------------------------------------------------------- 50,000 NYC Municipal Water Finance Authority 5.000 06/15/2029 51,745 - --------------------------------------------------------------------------------------------------------------------------------- 45,985,000 NYC Municipal Water Finance Authority 5.000 06/15/2034 47,868,546 - --------------------------------------------------------------------------------------------------------------------------------- 26,490,000 NYC Municipal Water Finance Authority 5.000 06/15/2035 27,685,494 - --------------------------------------------------------------------------------------------------------------------------------- 14,025,000 NYC Municipal Water Finance Authority 5.000 06/15/2035 14,628,496 - --------------------------------------------------------------------------------------------------------------------------------- 200,000 NYC Municipal Water Finance Authority 5.000 06/15/2035 208,014 - --------------------------------------------------------------------------------------------------------------------------------- 7,655,000 NYC Municipal Water Finance Authority 5.000 06/15/2036 8,019,225 - --------------------------------------------------------------------------------------------------------------------------------- 25,720,000 NYC Municipal Water Finance Authority 5.000 06/15/2037 26,988,253 - --------------------------------------------------------------------------------------------------------------------------------- 850,000 NYC Municipal Water Finance Authority 5.000 06/15/2038 891,225 - --------------------------------------------------------------------------------------------------------------------------------- 675,000 NYC Municipal Water Finance Authority 5.000 06/15/2039 703,843 - --------------------------------------------------------------------------------------------------------------------------------- 4,600,000 NYC Municipal Water Finance Authority 5.000 06/15/2039 4,817,626 - --------------------------------------------------------------------------------------------------------------------------------- 114,260,000 NYC Municipal Water Finance Authority 5.000 06/15/2039 119,665,641 - --------------------------------------------------------------------------------------------------------------------------------- 16,120,000 NYC Municipal Water Finance Authority 5.125 06/15/2030 16,423,378 - --------------------------------------------------------------------------------------------------------------------------------- 820,000 NYC Municipal Water Finance Authority 5.125 06/15/2031 857,630 - --------------------------------------------------------------------------------------------------------------------------------- 30,000 NYC Municipal Water Finance Authority 5.125 06/15/2032 31,461 - --------------------------------------------------------------------------------------------------------------------------------- 30,000 NYC Municipal Water Finance Authority 5.125 06/15/2033 31,670 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 NYC Municipal Water Finance Authority 5.125 06/15/2033 26,315 - --------------------------------------------------------------------------------------------------------------------------------- 20,545,000 NYC Municipal Water Finance Authority 5.125 06/15/2034 21,627,722 - --------------------------------------------------------------------------------------------------------------------------------- 650,000 NYC Municipal Water Finance Authority 5.250 06/15/2034 690,053 - --------------------------------------------------------------------------------------------------------------------------------- 530,000 NYC Municipal Water Finance Authority 5.400 3 06/15/2019 286,905 - --------------------------------------------------------------------------------------------------------------------------------- 12,750,000 NYC Municipal Water Finance Authority DRIVERS 7.824 4 06/15/2013 15,132,975 - --------------------------------------------------------------------------------------------------------------------------------- 2,930,000 NYC Municipal Water Finance Authority RITES 8.045 4 06/15/2032 3,402,433 - --------------------------------------------------------------------------------------------------------------------------------- 7,850,000 NYC Municipal Water Finance Authority RITES 8.104 4 06/15/2034 8,843,967 - --------------------------------------------------------------------------------------------------------------------------------- 14,425,000 NYC Municipal Water Finance Authority RITES 8.124 4 06/15/2026 16,826,474 - --------------------------------------------------------------------------------------------------------------------------------- 2,805,000 NYC Municipal Water Finance Authority RITES 8.144 4 06/15/2027 3,117,421 - --------------------------------------------------------------------------------------------------------------------------------- 11,860,000 NYC Municipal Water Finance Authority RITES 8.214 4 06/15/2034 13,803,142 - --------------------------------------------------------------------------------------------------------------------------------- 4,500,000 NYC Municipal Water Finance Authority RITES 8.214 4 06/15/2038 5,200,110 - --------------------------------------------------------------------------------------------------------------------------------- 11,210,000 NYC Municipal Water Finance Authority RITES 8.545 4 06/15/2032 13,275,555 - --------------------------------------------------------------------------------------------------------------------------------- 3,555,000 NYC Municipal Water Finance Authority RITES 8.604 4 06/15/2021 3,843,239 - --------------------------------------------------------------------------------------------------------------------------------- 5,000,000 NYC Municipal Water Finance Authority RITES 8.604 4 06/15/2030 5,376,300 - --------------------------------------------------------------------------------------------------------------------------------- 18,240,000 NYC Municipal Water Finance Authority RITES 8.634 4 06/15/2030 19,612,742 - --------------------------------------------------------------------------------------------------------------------------------- 5,000,000 NYC Municipal Water Finance Authority RITES 8.644 4 06/15/2030 5,376,300 - --------------------------------------------------------------------------------------------------------------------------------- 6,875,000 NYC Municipal Water Finance Authority ROLs 8.308 4 06/15/2031 8,331,125 - --------------------------------------------------------------------------------------------------------------------------------- 16,675,000 NYC Municipal Water Finance Authority ROLs 8.308 4 06/15/2036 19,848,586 - --------------------------------------------------------------------------------------------------------------------------------- 10,025,000 NYC Municipal Water Finance Authority ROLs 8.308 4 06/15/2037 12,002,331 - --------------------------------------------------------------------------------------------------------------------------------- 7,875,000 NYC Municipal Water Finance Authority ROLs 8.308 4 06/15/2039 9,220,995 - --------------------------------------------------------------------------------------------------------------------------------- 4,935,000 NYC Municipal Water Finance Authority ROLs 8.308 4 06/15/2039 5,844,323 - ---------------------------------------------------------------------------------------------------------------------------------
14 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 4,500,000 NYC Municipal Water Finance Authority ROLs 8.328% 4 06/15/2039 $ 5,351,580 - --------------------------------------------------------------------------------------------------------------------------------- 34,800,000 NYC Transitional Finance Authority (Future Tax), Series B 5.000 08/01/2032 36,364,608 - --------------------------------------------------------------------------------------------------------------------------------- 2,150,000 NYC Transitional Finance Authority RITES 8.134 4 08/15/2027 2,348,918 - --------------------------------------------------------------------------------------------------------------------------------- 50,000 NYC Trust for Cultural Resources (Museum of American Folk Art) 6.125 07/01/2030 54,263 - --------------------------------------------------------------------------------------------------------------------------------- 17,604,398 NYS Certificate of Lease 2 5.875 01/02/2023 18,146,790 - --------------------------------------------------------------------------------------------------------------------------------- 1,690,000 NYS DA (4201 Schools Program) 6.250 07/01/2020 1,852,865 - --------------------------------------------------------------------------------------------------------------------------------- 350,000 NYS DA (Augustana Lutheran Home) 5.400 02/01/2031 372,425 - --------------------------------------------------------------------------------------------------------------------------------- 1,500,000 NYS DA (Augustana Lutheran Home) 5.500 02/01/2041 1,593,585 - --------------------------------------------------------------------------------------------------------------------------------- 14,360,000 NYS DA (Buena Vida Nursing Home) 5.250 07/01/2028 14,870,354 - --------------------------------------------------------------------------------------------------------------------------------- 2,150,000 NYS DA (Cabrini Westchester) 7 5.100 02/15/2026 2,342,038 - --------------------------------------------------------------------------------------------------------------------------------- 4,075,000 NYS DA (Cabrini Westchester) 7 5.200 02/15/2041 4,402,223 - --------------------------------------------------------------------------------------------------------------------------------- 8,435,000 NYS DA (Center for Nursing) 5.550 08/01/2037 8,867,209 - --------------------------------------------------------------------------------------------------------------------------------- 2,905,000 NYS DA (Chapel Oaks) 5.450 07/01/2026 3,018,295 - --------------------------------------------------------------------------------------------------------------------------------- 5,000 NYS DA (City University) 5.000 07/01/2023 5,150 - --------------------------------------------------------------------------------------------------------------------------------- 1,895,000 NYS DA (City University) 5.250 07/01/2031 2,041,161 - --------------------------------------------------------------------------------------------------------------------------------- 2,500,000 NYS DA (Concord Nursing Home) 6.500 07/01/2029 2,698,225 - --------------------------------------------------------------------------------------------------------------------------------- 1,250,000 NYS DA (D'Youville College) 5.250 07/01/2025 1,330,675 - --------------------------------------------------------------------------------------------------------------------------------- 5,005,000 NYS DA (Dept. of Health) 5.000 07/01/2031 5,271,216 - --------------------------------------------------------------------------------------------------------------------------------- 525,000 NYS DA (Dept. of Health) 5.500 07/01/2021 541,139 - --------------------------------------------------------------------------------------------------------------------------------- 20,000 NYS DA (Ellis Hospital) 5.600 08/01/2025 20,232 - --------------------------------------------------------------------------------------------------------------------------------- 6,790,000 NYS DA (Frances Schervier Home & Hospital Obligated Group) 5.500 07/01/2027 7,008,299 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYS DA (Grace Manor Health Care Facility) 1 6.150 07/01/2018 1,022,020 - --------------------------------------------------------------------------------------------------------------------------------- 3,970,000 NYS DA (Hospital for Special Surgery) 5.000 08/15/2033 4,170,723 - --------------------------------------------------------------------------------------------------------------------------------- 140,915,000 NYS DA (Insured Hospital) 5.530 3 08/15/2036 28,732,569 - --------------------------------------------------------------------------------------------------------------------------------- 38,650,000 NYS DA (Interfaith Medical Center) 5.400 02/15/2028 39,838,874 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYS DA (Jones Memorial Hospital) 5.375 08/01/2034 1,043,350 - --------------------------------------------------------------------------------------------------------------------------------- 10,300,000 NYS DA (Kaleida Health) 5.050 02/15/2025 10,825,300 - --------------------------------------------------------------------------------------------------------------------------------- 3,450,000 NYS DA (L.I. University) 5.125 09/01/2023 3,592,796 - --------------------------------------------------------------------------------------------------------------------------------- 1,410,000 NYS DA (L.I. University) 5.250 09/01/2028 1,474,211 - --------------------------------------------------------------------------------------------------------------------------------- 235,000 NYS DA (L.I. University) 5.250 09/01/2028 248,884 - --------------------------------------------------------------------------------------------------------------------------------- 1,585,000 NYS DA (L.I. University) 1 5.500 09/01/2020 1,720,977 - --------------------------------------------------------------------------------------------------------------------------------- 20,000 NYS DA (Lakeside Memorial Hospital) 6.000 02/01/2021 20,142 - --------------------------------------------------------------------------------------------------------------------------------- 1,710,000 NYS DA (Lenox Hill Hospital Obligated Group) 5.375 07/01/2020 1,777,528 - --------------------------------------------------------------------------------------------------------------------------------- 405,000 NYS DA (Lenox Hill Hospital Obligated Group) 5.500 07/01/2030 419,592 - --------------------------------------------------------------------------------------------------------------------------------- 9,415,000 NYS DA (Lutheran Social Services of Upstate NY) RITES 6.635 4 02/01/2038 10,105,873 - --------------------------------------------------------------------------------------------------------------------------------- 10,730,000 NYS DA (Memorial Sloan-Kettering) 5.000 07/01/2035 11,318,219 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYS DA (Menorah Campus) 6.100 02/01/2037 1,027,180 - --------------------------------------------------------------------------------------------------------------------------------- 3,115,000 NYS DA (Menorah Home & Hospital) RITES 8.515 4 08/01/2038 3,609,787 - --------------------------------------------------------------------------------------------------------------------------------- 5,825,000 NYS DA (Menorah Home) RITES 8.704 4 08/01/2038 6,806,862 - --------------------------------------------------------------------------------------------------------------------------------- 11,500,000 NYS DA (Mental Health Services Facilities) 5.000 02/15/2030 12,048,320 - --------------------------------------------------------------------------------------------------------------------------------- 23,900,000 NYS DA (Mental Health Services Facilities) 5.000 02/15/2035 24,920,052 - --------------------------------------------------------------------------------------------------------------------------------- 3,660,000 NYS DA (Mental Health) 5.000 02/15/2033 3,798,055 - --------------------------------------------------------------------------------------------------------------------------------- 4,625,000 NYS DA (Mental Health) RITES 8.144 4 02/15/2023 5,205,530 - --------------------------------------------------------------------------------------------------------------------------------- 3,770,000 NYS DA (Millard Fillmore Hospital) 5.375 02/01/2032 3,887,926 - --------------------------------------------------------------------------------------------------------------------------------- 4,125,000 NYS DA (Miriam Osborn Memorial Home Assoc.) 6.375 07/01/2029 4,487,423 - --------------------------------------------------------------------------------------------------------------------------------- 2,430,000 NYS DA (Miriam Osborn Memorial Home Assoc.) 6.875 07/01/2019 2,705,392 - ---------------------------------------------------------------------------------------------------------------------------------
15 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 6,860,000 NYS DA (Miriam Osborn Memorial Home Assoc.) 6.875% 07/01/2025 $ 7,634,906 - --------------------------------------------------------------------------------------------------------------------------------- 11,750,000 NYS DA (Montefiore Medical Center) 5.000 08/01/2033 12,324,810 - --------------------------------------------------------------------------------------------------------------------------------- 2,375,000 NYS DA (Montefiore Medical) RITES 10.104 4 08/01/2038 2,901,110 - --------------------------------------------------------------------------------------------------------------------------------- 6,400,000 NYS DA (MSH/NYU Hospital Center/HJDOI Obligated Group) 5.500 07/01/2026 6,503,680 - --------------------------------------------------------------------------------------------------------------------------------- 6,800,000 NYS DA (MSH/NYU Hospital Center/HJDOI Obligated Group) 6.000 07/01/2014 7,253,152 - --------------------------------------------------------------------------------------------------------------------------------- 3,000,000 NYS DA (MSH/NYU Hospital Center/HJDOI Obligated Group) 6.500 07/01/2017 3,247,080 - --------------------------------------------------------------------------------------------------------------------------------- 23,820,000 NYS DA (MSH/NYU Hospital Center/HJDOI Obligated Group) 1 6.500 07/01/2025 25,773,240 - --------------------------------------------------------------------------------------------------------------------------------- 8,820,000 NYS DA (MSH/NYU Hospital Center/HJDOI Obligated Group) 6.625 07/01/2019 9,571,464 - --------------------------------------------------------------------------------------------------------------------------------- 15,040,000 NYS DA (MSH/NYU Hospital Center/HJDOI Obligated Group) 6.750 07/01/2020 16,396,758 - --------------------------------------------------------------------------------------------------------------------------------- 5,100,000 NYS DA (Mt. Sinai/NYU Health) 5.500 07/01/2026 5,182,620 - --------------------------------------------------------------------------------------------------------------------------------- 2,850,000 NYS DA (Municipal Health Facilities) RITES 2 8.144 4 01/15/2023 3,254,358 - --------------------------------------------------------------------------------------------------------------------------------- 4,665,000 NYS DA (North Shore Long Island Jewish Group) 5.500 05/01/2033 4,989,964 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYS DA (Norwegian Christian Home & Health Center) 5.200 08/01/2036 1,061,430 - --------------------------------------------------------------------------------------------------------------------------------- 2,000,000 NYS DA (Norwegian Christian Home & Health Center) 6.100 08/01/2041 2,241,560 - --------------------------------------------------------------------------------------------------------------------------------- 6,200,000 NYS DA (Nursing Home) 4.900 02/15/2041 6,343,840 - --------------------------------------------------------------------------------------------------------------------------------- 7,600,000 NYS DA (Nursing Home) 4.950 02/15/2045 7,813,712 - --------------------------------------------------------------------------------------------------------------------------------- 4,215,000 NYS DA (Nursing Home) 5.200 02/01/2032 4,493,148 - --------------------------------------------------------------------------------------------------------------------------------- 650,000 NYS DA (NY & Presbyterian Hospital) 5.000 08/01/2032 666,237 - --------------------------------------------------------------------------------------------------------------------------------- 6,950,000 NYS DA (NY Hospital Medical Center) 5.600 02/15/2039 7,377,425 - --------------------------------------------------------------------------------------------------------------------------------- 2,000,000 NYS DA (NY Methodist Hospital) 5.250 07/01/2033 2,100,480 - --------------------------------------------------------------------------------------------------------------------------------- 6,035,000 NYS DA (Providence Rest) 5.000 07/01/2035 6,204,765 - --------------------------------------------------------------------------------------------------------------------------------- 2,700,000 NYS DA (Providence Rest) 5.125 07/01/2030 2,823,795 - --------------------------------------------------------------------------------------------------------------------------------- 3,100,000 NYS DA (Providence Rest) 5.250 07/01/2025 3,286,062 - --------------------------------------------------------------------------------------------------------------------------------- 580,000 NYS DA (Sarah Neuman Nursing Home) 5.450 08/01/2027 599,732 - --------------------------------------------------------------------------------------------------------------------------------- 50,000 NYS DA (School Districts Financing Program), Series B 6.000 10/01/2022 56,114 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 NYS DA (School Districts Financing Program), Series B 6.000 10/01/2029 27,872 - --------------------------------------------------------------------------------------------------------------------------------- 20,495,000 NYS DA (SCSMC/SV/CHSLI Obligated Group) 6.000 07/01/2030 21,718,142 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYS DA (SFH/GSHMC/MMC/SCHRC Obligated Group) 5.100 07/01/2034 1,029,140 - --------------------------------------------------------------------------------------------------------------------------------- 415,000 NYS DA (Special Act School Districts) 6.000 07/01/2019 419,959 - --------------------------------------------------------------------------------------------------------------------------------- 2,470,000 NYS DA (St. Barnabas Hospital) 5.450 08/01/2035 2,530,886 - --------------------------------------------------------------------------------------------------------------------------------- 905,000 NYS DA (St. Catherine of Siena Medical Center) 6.000 07/01/2030 960,621 - --------------------------------------------------------------------------------------------------------------------------------- 1,750,000 NYS DA (St. Clare's Hospital) 5.300 02/15/2019 1,805,493 - --------------------------------------------------------------------------------------------------------------------------------- 2,970,000 NYS DA (St. Clare's Hospital) 5.400 02/15/2025 3,065,486 - --------------------------------------------------------------------------------------------------------------------------------- 2,580,000 NYS DA (St. James Mercy Hospital) 5.400 02/01/2038 2,683,845 - --------------------------------------------------------------------------------------------------------------------------------- 101,800,000 NYS DA (St. Lukes Roosevelt Hospital) 4.900 08/15/2031 105,087,122 - --------------------------------------------------------------------------------------------------------------------------------- 1,505,000 NYS DA (St. Thomas Aquinas College) 5.250 07/01/2028 1,542,399 - --------------------------------------------------------------------------------------------------------------------------------- 3,910,000 NYS DA (St. Vincent DePaul Residence) 5.300 07/01/2018 4,067,925 - --------------------------------------------------------------------------------------------------------------------------------- 2,095,000 NYS DA (Vassar Brothers) 5.375 07/01/2025 2,178,339 - --------------------------------------------------------------------------------------------------------------------------------- 7,030,000 NYS DA (White Plains Hospital) 5.375 02/15/2043 7,454,893 - --------------------------------------------------------------------------------------------------------------------------------- 2,500,000 NYS DA (Willow Towers) 5.400 02/01/2034 2,670,025 - --------------------------------------------------------------------------------------------------------------------------------- 26,070,000 NYS DA (Wyckoff Heights Medical Center) 5.300 08/15/2021 26,889,380 - ---------------------------------------------------------------------------------------------------------------------------------
16 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 3,310,000 NYS DA P-Floats 8.214% 4 02/01/2028 $ 4,033,698 - --------------------------------------------------------------------------------------------------------------------------------- 1,565,000 NYS DA RITES 1 7.133 4 12/01/2025 1,896,311 - --------------------------------------------------------------------------------------------------------------------------------- 4,415,000 NYS DA RITES 7.133 4 12/01/2035 5,172,614 - --------------------------------------------------------------------------------------------------------------------------------- 5,000,000 NYS DA RITES 11.107 4 02/01/2012 7,398,300 - --------------------------------------------------------------------------------------------------------------------------------- 715,000 NYS DA, Series B 6.650 08/15/2030 815,343 - --------------------------------------------------------------------------------------------------------------------------------- 100,000 NYS EFC (Clean Water & Drinking Revolving Funds) 5.125 06/15/2031 104,828 - --------------------------------------------------------------------------------------------------------------------------------- 4,095,000 NYS EFC (Clean Water & Drinking Revolving Funds) 5.400 07/15/2021 4,448,849 - --------------------------------------------------------------------------------------------------------------------------------- 7,500,000 NYS EFC (NYS Water Services) 5.950 01/15/2020 8,101,275 - --------------------------------------------------------------------------------------------------------------------------------- 2,365,000 NYS EFC (NYS Water Services) 6.000 01/15/2031 2,547,696 - --------------------------------------------------------------------------------------------------------------------------------- 85,000 NYS EFC (Riverbank State Park) 5.125 04/01/2022 85,622 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 NYS EFC (United Waterworks) 5.150 03/01/2034 25,693 - --------------------------------------------------------------------------------------------------------------------------------- 7,000,000 NYS ERDA (Brooklyn Union Gas Co.) RIBS 1 8.700 4 04/01/2020 7,803,880 - --------------------------------------------------------------------------------------------------------------------------------- 16,300,000 NYS ERDA (Brooklyn Union Gas Co.) RIBS 1 9.919 4 07/01/2026 17,323,640 - --------------------------------------------------------------------------------------------------------------------------------- 210,000 NYS ERDA (Central Hudson Gas & Electric Co.) 5.450 08/01/2027 221,768 - --------------------------------------------------------------------------------------------------------------------------------- 80,000 NYS ERDA (Corning Natural Gas) 8.250 12/01/2018 81,480 - --------------------------------------------------------------------------------------------------------------------------------- 5,000,000 NYS ERDA (LILCO) 5.150 03/01/2016 5,018,900 - --------------------------------------------------------------------------------------------------------------------------------- 23,000,000 NYS ERDA (LILCO) 5.300 11/01/2023 23,881,820 - --------------------------------------------------------------------------------------------------------------------------------- 315,000 NYS ERDA (LILCO) 5.300 10/01/2024 326,923 - --------------------------------------------------------------------------------------------------------------------------------- 3,485,000 NYS ERDA (NIMO) RITES 8.744 4 11/01/2025 4,133,419 - --------------------------------------------------------------------------------------------------------------------------------- 3,625,000 NYS ERDA (RG&E) Residual Certificates 11.590 4 09/01/2033 4,462,665 - --------------------------------------------------------------------------------------------------------------------------------- 2,950,000 NYS HFA (Children's Rescue) 7.625 05/01/2018 2,952,419 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYS HFA (Friendship) 5.100 08/15/2041 1,029,370 - --------------------------------------------------------------------------------------------------------------------------------- 1,200,000 NYS HFA (Fulton Manor) 6.100 11/15/2025 1,228,092 - --------------------------------------------------------------------------------------------------------------------------------- 15,000 NYS HFA (General Hsg.) 6.600 11/01/2008 15,366 - --------------------------------------------------------------------------------------------------------------------------------- 1,550,000 NYS HFA (Golden Age Apartments) 5.000 02/15/2037 1,578,381 - --------------------------------------------------------------------------------------------------------------------------------- 5,000 NYS HFA (Meadow Manor) 7.750 11/01/2019 5,015 - --------------------------------------------------------------------------------------------------------------------------------- 745,000 NYS HFA (Multifamily Hsg.) 5.250 11/15/2028 761,658 - --------------------------------------------------------------------------------------------------------------------------------- 1,340,000 NYS HFA (Multifamily Hsg.) 5.300 08/15/2024 1,374,465 - --------------------------------------------------------------------------------------------------------------------------------- 1,700,000 NYS HFA (Multifamily Hsg.) 5.300 11/15/2039 1,736,278 - --------------------------------------------------------------------------------------------------------------------------------- 1,070,000 NYS HFA (Multifamily Hsg.) 5.350 08/15/2020 1,115,518 - --------------------------------------------------------------------------------------------------------------------------------- 2,860,000 NYS HFA (Multifamily Hsg.) 5.350 08/15/2031 2,931,300 - --------------------------------------------------------------------------------------------------------------------------------- 2,080,000 NYS HFA (Multifamily Hsg.) 5.375 02/15/2035 2,148,910 - --------------------------------------------------------------------------------------------------------------------------------- 3,250,000 NYS HFA (Multifamily Hsg.) 5.450 08/15/2032 3,376,068 - --------------------------------------------------------------------------------------------------------------------------------- 2,075,000 NYS HFA (Multifamily Hsg.) 5.500 08/15/2030 2,122,725 - --------------------------------------------------------------------------------------------------------------------------------- 1,215,000 NYS HFA (Multifamily Hsg.) 5.550 08/15/2019 1,258,327 - --------------------------------------------------------------------------------------------------------------------------------- 1,385,000 NYS HFA (Multifamily Hsg.) 5.600 08/15/2019 1,435,636 - --------------------------------------------------------------------------------------------------------------------------------- 1,240,000 NYS HFA (Multifamily Hsg.) 5.600 02/15/2026 1,281,590 - --------------------------------------------------------------------------------------------------------------------------------- 1,730,000 NYS HFA (Multifamily Hsg.) 5.600 08/15/2033 1,809,857 - --------------------------------------------------------------------------------------------------------------------------------- 1,150,000 NYS HFA (Multifamily Hsg.) 5.650 08/15/2030 1,191,377 - --------------------------------------------------------------------------------------------------------------------------------- 3,200,000 NYS HFA (Multifamily Hsg.) 5.650 08/15/2030 3,306,400 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYS HFA (Multifamily Hsg.) 5.650 08/15/2031 1,035,430 - --------------------------------------------------------------------------------------------------------------------------------- 1,710,000 NYS HFA (Multifamily Hsg.) 5.650 02/15/2034 1,761,437 - --------------------------------------------------------------------------------------------------------------------------------- 2,120,000 NYS HFA (Multifamily Hsg.) 5.700 08/15/2033 2,207,492 - --------------------------------------------------------------------------------------------------------------------------------- 90,000 NYS HFA (Multifamily Hsg.) 5.950 08/15/2024 90,725 - --------------------------------------------------------------------------------------------------------------------------------- 1,285,000 NYS HFA (Multifamily Hsg.) 6.100 11/15/2036 1,315,801 - --------------------------------------------------------------------------------------------------------------------------------- 4,700,000 NYS HFA (Multifamily Hsg.) 6.125 08/15/2038 4,814,445 - --------------------------------------------------------------------------------------------------------------------------------- 35,000 NYS HFA (Multifamily Hsg.) 6.200 08/15/2012 35,050 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 NYS HFA (Multifamily Hsg.) 6.200 08/15/2016 25,526 - --------------------------------------------------------------------------------------------------------------------------------- 725,000 NYS HFA (Multifamily Hsg.) 6.250 02/15/2031 750,817 - --------------------------------------------------------------------------------------------------------------------------------- 1,255,000 NYS HFA (Multifamily Hsg.) 6.400 11/15/2027 1,282,447 - ---------------------------------------------------------------------------------------------------------------------------------
17 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 265,000 NYS HFA (Multifamily Hsg.) 6.500% 08/15/2024 $ 271,257 - --------------------------------------------------------------------------------------------------------------------------------- 2,735,000 NYS HFA (Multifamily Hsg.) 6.700 08/15/2025 2,739,103 - --------------------------------------------------------------------------------------------------------------------------------- 5,570,000 NYS HFA (Multifamily Hsg.) 6.750 11/15/2036 5,691,537 - --------------------------------------------------------------------------------------------------------------------------------- 5,000 NYS HFA (Multifamily Hsg.) 6.950 08/15/2012 5,079 - --------------------------------------------------------------------------------------------------------------------------------- 5,400,000 NYS HFA (Multifamily Hsg.) 7.050 08/15/2024 5,421,276 - --------------------------------------------------------------------------------------------------------------------------------- 2,740,000 NYS HFA (NH&HC) RITES 8.744 4 11/01/2016 2,801,540 - --------------------------------------------------------------------------------------------------------------------------------- 480,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2009 487,728 - --------------------------------------------------------------------------------------------------------------------------------- 525,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2010 533,453 - --------------------------------------------------------------------------------------------------------------------------------- 565,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2011 574,097 - --------------------------------------------------------------------------------------------------------------------------------- 605,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2012 614,741 - --------------------------------------------------------------------------------------------------------------------------------- 655,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2013 665,546 - --------------------------------------------------------------------------------------------------------------------------------- 780,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2014 792,558 - --------------------------------------------------------------------------------------------------------------------------------- 835,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2015 848,444 - --------------------------------------------------------------------------------------------------------------------------------- 900,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2016 914,490 - --------------------------------------------------------------------------------------------------------------------------------- 990,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2017 1,005,939 - --------------------------------------------------------------------------------------------------------------------------------- 1,060,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2018 1,077,066 - --------------------------------------------------------------------------------------------------------------------------------- 460,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2019 467,406 - --------------------------------------------------------------------------------------------------------------------------------- 5,000,000 NYS HFA (Phillips Village) 7.750 08/15/2017 5,094,750 - --------------------------------------------------------------------------------------------------------------------------------- 70,000 NYS HFA (Service Contract) 5.375 03/15/2023 70,096 - --------------------------------------------------------------------------------------------------------------------------------- 5,600,000 NYS HFA (Service Contract) 5.500 09/15/2022 5,795,048 - --------------------------------------------------------------------------------------------------------------------------------- 5,525,000 NYS HFA (Service Contract) 5.500 03/15/2025 5,717,436 - --------------------------------------------------------------------------------------------------------------------------------- 255,000 NYS HFA (Service Contract) 6.500 03/15/2025 257,876 - --------------------------------------------------------------------------------------------------------------------------------- 305,000 NYS HFA (Shorehill Hsg.) 7.500 05/01/2008 305,336 - --------------------------------------------------------------------------------------------------------------------------------- 1,540,000 NYS HFA (Tiffany Gardens) 4.900 08/15/2025 1,577,237 - --------------------------------------------------------------------------------------------------------------------------------- 3,210,000 NYS HFA (Tiffany Gardens) 5.125 08/15/2037 3,297,376 - --------------------------------------------------------------------------------------------------------------------------------- 320,000 NYS LGSC (SCSB) 2 7.250 12/15/2011 331,405 - --------------------------------------------------------------------------------------------------------------------------------- 810,000 NYS LGSC (SCSB) 2 7.375 12/15/2016 836,090 - --------------------------------------------------------------------------------------------------------------------------------- 980,000 NYS LGSC (SCSB) 2 7.750 12/15/2021 1,044,239 - --------------------------------------------------------------------------------------------------------------------------------- 55,000 NYS Medcare (Hospital & Nursing Home) 6.200 08/15/2022 55,435 - --------------------------------------------------------------------------------------------------------------------------------- 960,000 NYS Medcare (Hospital & Nursing Home) 6.300 08/15/2023 961,882 - --------------------------------------------------------------------------------------------------------------------------------- 740,000 NYS Medcare (Hospital & Nursing Home) 6.375 08/15/2033 741,495 - --------------------------------------------------------------------------------------------------------------------------------- 645,000 NYS Medcare (Hospital & Nursing Home) 7.400 11/01/2016 646,877 - --------------------------------------------------------------------------------------------------------------------------------- 530,000 NYS Medcare (Hospital & Nursing Home) 9.375 11/01/2016 550,670 - --------------------------------------------------------------------------------------------------------------------------------- 195,000 NYS Medcare (Hospital & Nursing Home) 10.000 11/01/2006 195,893 - --------------------------------------------------------------------------------------------------------------------------------- 35,000 NYS Medcare (M.G. Nursing Home) 6.200 02/15/2015 35,414 - --------------------------------------------------------------------------------------------------------------------------------- 1,670,000 NYS Medcare (M.G. Nursing Home) 6.375 02/15/2035 1,689,940 - --------------------------------------------------------------------------------------------------------------------------------- 350,000 NYS Medcare (Montefiore Medical Center) 5.750 02/15/2025 350,564 - --------------------------------------------------------------------------------------------------------------------------------- 5,875,000 NYS Medcare (St. Peter's Hospital) 5.375 11/01/2020 5,884,400 - --------------------------------------------------------------------------------------------------------------------------------- 2,185,000 NYS Power Authority 5.250 11/15/2030 2,298,904 - --------------------------------------------------------------------------------------------------------------------------------- 7,140,000 NYS Thruway Authority RITES 8.134 4 01/01/2025 7,837,721 - --------------------------------------------------------------------------------------------------------------------------------- 5,000 NYS UDC (Correctional Facilities) 6.309 3 01/01/2013 3,707 - --------------------------------------------------------------------------------------------------------------------------------- 5,480,000 Oneida County IDA (Bonide Products) 6.250 11/01/2018 5,523,950 - --------------------------------------------------------------------------------------------------------------------------------- 830,000 Oneida County IDA (Civic Facilities-Mohawk Valley) 5.000 09/15/2035 853,838 - --------------------------------------------------------------------------------------------------------------------------------- 450,000 Oneida County IDA (Mohawk Valley Handicapped Services) 5.300 03/15/2019 468,581 - --------------------------------------------------------------------------------------------------------------------------------- 740,000 Oneida County IDA (Mohawk Valley Handicapped Services) 5.350 03/15/2029 768,090 - --------------------------------------------------------------------------------------------------------------------------------- 1,190,000 Oneida County IDA (Presbyterian Home) 5.250 03/01/2019 1,217,477 - --------------------------------------------------------------------------------------------------------------------------------- 1,015,000 Oneida County IDA (Presbyterian Home) 6.100 06/01/2020 1,091,693 - --------------------------------------------------------------------------------------------------------------------------------- 4,000,000 Onondaga County IDA (Air Cargo) 6.125 01/01/2032 4,240,960 - --------------------------------------------------------------------------------------------------------------------------------- 2,000,000 Onondaga County IDA (Air Cargo) 7.250 01/01/2032 2,175,060 - ---------------------------------------------------------------------------------------------------------------------------------
18 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 295,000 Onondaga County IDA (Central New York Charter School for Math & Science) 5 8.500% 01/01/2032 $ 92,609 - --------------------------------------------------------------------------------------------------------------------------------- 475,000 Onondaga County IDA (Coltec Industries) 7.250 06/01/2008 481,090 - --------------------------------------------------------------------------------------------------------------------------------- 770,000 Onondaga County IDA (Coltec Industries) 9.875 10/01/2010 780,880 - --------------------------------------------------------------------------------------------------------------------------------- 1,390,000 Onondaga County IDA (Community General Hospital) 5.500 11/01/2018 1,405,234 - --------------------------------------------------------------------------------------------------------------------------------- 7,280,000 Onondaga County IDA (Community General Hospital) 6.625 01/01/2018 7,308,174 - --------------------------------------------------------------------------------------------------------------------------------- 4,710,000 Onondaga County IDA (Le Moyne College) 5.625 12/01/2021 5,019,494 - --------------------------------------------------------------------------------------------------------------------------------- 11,500,000 Onondaga County IDA (Solvay Paperboard) 6.800 11/01/2014 11,983,115 - --------------------------------------------------------------------------------------------------------------------------------- 67,200,000 Onondaga County IDA (Solvay Paperboard) 7.000 11/01/2030 70,143,360 - --------------------------------------------------------------------------------------------------------------------------------- 750,000 Onondaga County IDA (Syracuse Home) 5.200 12/01/2018 777,510 - --------------------------------------------------------------------------------------------------------------------------------- 500,000 Onondaga County IDA Sewage Waste Facilities (Anheuser-Busch Companies) 6.250 12/01/2034 531,730 - --------------------------------------------------------------------------------------------------------------------------------- 52,669,598 Onondaga County Res Rec 0.000 6 05/01/2022 29,195,812 - --------------------------------------------------------------------------------------------------------------------------------- 41,580,000 Onondaga County Res Rec 5.000 05/01/2015 40,294,346 - --------------------------------------------------------------------------------------------------------------------------------- 2,500,000 Orange County IDA (Arden Hill Life Care Center) 7.000 08/01/2021 2,680,175 - --------------------------------------------------------------------------------------------------------------------------------- 2,310,000 Orange County IDA (Arden Hill Life Care Center) 7.000 08/01/2031 2,456,269 - --------------------------------------------------------------------------------------------------------------------------------- 2,090,000 Orange County IDA (Arden Hill Life Care Center) 7.000 08/01/2031 2,222,339 - --------------------------------------------------------------------------------------------------------------------------------- 2,705,000 Orange County IDA (Glen Arden) 5.625 01/01/2018 2,768,513 - --------------------------------------------------------------------------------------------------------------------------------- 5,590,000 Orange County IDA (Glen Arden) 5.700 01/01/2028 5,696,545 - --------------------------------------------------------------------------------------------------------------------------------- 2,685,000 Orange County IDA (Kingston Manufacturing) 2 8.000 11/01/2017 1,382,050 - --------------------------------------------------------------------------------------------------------------------------------- 295,000 Orange County IDA (Orange Mental Retardation Properties) 7.800 07/01/2011 297,643 - --------------------------------------------------------------------------------------------------------------------------------- 1,715,000 Orange County IDA (St. Luke's Cornwall Hospital Obligated Group) 5.375 12/01/2021 1,826,887 - --------------------------------------------------------------------------------------------------------------------------------- 6,330,000 Orange County IDA (St. Luke's Cornwall Hospital Obligated Group) 5.375 12/01/2026 6,718,662 - --------------------------------------------------------------------------------------------------------------------------------- 2,235,000 Orange County IDA (St. Luke's Cornwall Hospital Obligated Group) 5.375 12/01/2026 2,372,229 - --------------------------------------------------------------------------------------------------------------------------------- 7,545,000 Orange County IDA (Tuxedo Place) 2 7.000 08/01/2032 5,809,650 - --------------------------------------------------------------------------------------------------------------------------------- 2,500,000 Orange County IDA (Tuxedo Place) 2 7.000 08/01/2033 1,924,125 - --------------------------------------------------------------------------------------------------------------------------------- 2,755,000 Oswego County IDA (Bishop's Common) 5.375 02/01/2049 2,871,895 - --------------------------------------------------------------------------------------------------------------------------------- 3,260,000 Oswego County IDA (Seneca Hill Manor) 5.650 08/01/2037 3,371,492 - --------------------------------------------------------------------------------------------------------------------------------- 6,860,000 Otsego County IDA (Hartwick College) 5.900 07/01/2022 7,114,575 - --------------------------------------------------------------------------------------------------------------------------------- 3,030,000 Otsego County IDA (Mary Imogene Bassett Hospital) 5.350 11/01/2020 3,162,260 - --------------------------------------------------------------------------------------------------------------------------------- 10,720,000 Peekskill IDA (Drum Hill) 6.375 10/01/2028 10,688,483 - --------------------------------------------------------------------------------------------------------------------------------- 447,716 Peekskill IDA (Karta) 9.000 07/01/2010 451,275 - --------------------------------------------------------------------------------------------------------------------------------- 1,515,000 Port Authority NY/NJ (Continental Airlines) 1 9.000 12/01/2006 1,534,847 - --------------------------------------------------------------------------------------------------------------------------------- 1,770,000 Port Authority NY/NJ (Continental Airlines) 9.000 12/01/2010 1,810,179 - --------------------------------------------------------------------------------------------------------------------------------- 53,290,000 Port Authority NY/NJ (Continental Airlines) 9.125 12/01/2015 55,221,763 - --------------------------------------------------------------------------------------------------------------------------------- 2,795,000 Port Authority NY/NJ (Delta Air Lines) 2 6.950 06/01/2008 2,802,015 - --------------------------------------------------------------------------------------------------------------------------------- 28,085,000 Port Authority NY/NJ (JFK International Air Terminal) 1 5.750 12/01/2025 28,723,372 - --------------------------------------------------------------------------------------------------------------------------------- 7,410,000 Port Authority NY/NJ (KIAC) 6.750 10/01/2011 7,557,607 - --------------------------------------------------------------------------------------------------------------------------------- 46,435,000 Port Authority NY/NJ (KIAC) 6.750 10/01/2019 47,290,333 - --------------------------------------------------------------------------------------------------------------------------------- 3,300,000 Port Authority NY/NJ (KIAC) 7.000 10/01/2007 3,348,972 - --------------------------------------------------------------------------------------------------------------------------------- 20,000,000 Port Authority NY/NJ RITES 8.048 4 09/15/2013 23,830,400 - --------------------------------------------------------------------------------------------------------------------------------- 8,150,000 Port Authority NY/NJ, 108th Series 5.875 01/15/2017 8,281,297 - ---------------------------------------------------------------------------------------------------------------------------------
19 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 35,000 Port Authority NY/NJ, 111th Series 5.000% 10/01/2032 $ 35,589 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Port Authority NY/NJ, 120th Series 1 5.750 10/15/2026 1,029,950 - --------------------------------------------------------------------------------------------------------------------------------- 4,775,000 Port Authority NY/NJ, 121st Series 5.125 10/15/2030 4,888,979 - --------------------------------------------------------------------------------------------------------------------------------- 30,000 Port Authority NY/NJ, 122nd Series 5.000 07/15/2026 30,588 - --------------------------------------------------------------------------------------------------------------------------------- 95,000 Port Authority NY/NJ, 122nd Series 5.125 01/15/2036 96,997 - --------------------------------------------------------------------------------------------------------------------------------- 9,525,000 Port Authority NY/NJ, 124th Series 5.000 08/01/2036 9,709,595 - --------------------------------------------------------------------------------------------------------------------------------- 120,000 Port Authority NY/NJ, 126th Series 5.125 11/15/2028 125,590 - --------------------------------------------------------------------------------------------------------------------------------- 210,000 Port Authority NY/NJ, 126th Series 5.125 11/15/2030 219,568 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 Port Authority NY/NJ, 127th Series 5.200 12/15/2027 26,403 - --------------------------------------------------------------------------------------------------------------------------------- 7,015,000 Port Authority NY/NJ, 127th Series 5.250 12/15/2032 7,396,546 - --------------------------------------------------------------------------------------------------------------------------------- 495,000 Port Authority NY/NJ, 132nd Series 5.000 09/01/2026 521,507 - --------------------------------------------------------------------------------------------------------------------------------- 35,100,000 Port Authority NY/NJ, 132nd Series 5.000 09/01/2038 36,699,858 - --------------------------------------------------------------------------------------------------------------------------------- 16,105,000 Port Authority NY/NJ, 136th Series 5.125 05/01/2034 16,983,528 - --------------------------------------------------------------------------------------------------------------------------------- 19,175,000 Port Authority NY/NJ, 136th Series 5.375 11/01/2028 20,633,259 - --------------------------------------------------------------------------------------------------------------------------------- 22,855,000 Port Authority NY/NJ, 136th Series 5.500 11/01/2029 24,872,411 - --------------------------------------------------------------------------------------------------------------------------------- 1,430,000 Port Authority NY/NJ, 137th Series 5.125 07/15/2030 1,511,667 - --------------------------------------------------------------------------------------------------------------------------------- 18,040,000 Port Authority NY/NJ, 141st Series 5.000 09/01/2027 18,912,414 - --------------------------------------------------------------------------------------------------------------------------------- 47,910,000 Port Authority NY/NJ, 143rd Series 5.000 10/01/2030 49,972,046 - --------------------------------------------------------------------------------------------------------------------------------- 27,535,000 Port Authority NY/NJ, 143rd Series 5.000 04/01/2036 28,650,718 - --------------------------------------------------------------------------------------------------------------------------------- 50,660,000 Port Authority NY/NJ, 37th Series 5.250 07/15/2034 53,884,509 - --------------------------------------------------------------------------------------------------------------------------------- 2,755,000 Poughkeepsie IDA (Eastman & Bixby Redevel. Corp.) 6.000 08/01/2032 2,938,400 - --------------------------------------------------------------------------------------------------------------------------------- 1,990,000 Putnam County IDA (Brewster Plastics) 8.500 12/01/2016 2,050,854 - --------------------------------------------------------------------------------------------------------------------------------- 16,240,000 Rensselaer City School District COP 5.000 06/01/2036 17,150,577 - --------------------------------------------------------------------------------------------------------------------------------- 1,500,000 Rensselaer County IDA (Franciscan Heights) 5.375 12/01/2036 1,583,055 - --------------------------------------------------------------------------------------------------------------------------------- 27,455,000 Rensselaer County IDA (Rensselaer Polytechnical Institute) 1 5.000 03/01/2036 28,789,038 - --------------------------------------------------------------------------------------------------------------------------------- 2,125,000 Rensselaer County Tobacco Asset Securitization Corp. RITES 8.562 4 06/01/2035 2,354,181 - --------------------------------------------------------------------------------------------------------------------------------- 2,430,000 Rensselaer County Tobacco Asset Securitization Corp. RITES 8.562 4 06/01/2043 2,729,449 - --------------------------------------------------------------------------------------------------------------------------------- 5,000 Rensselaer Hsg. Authority (Renwyck) 7.650 01/01/2011 5,110 - --------------------------------------------------------------------------------------------------------------------------------- 18,975,000 Rensselaer Municipal Leasing Corp. (Rensselaer County Nursing Home) 6.900 06/01/2024 19,053,936 - --------------------------------------------------------------------------------------------------------------------------------- 1,580,000 Riverhead IDA (Michael Reilly Design) 8.875 08/01/2021 1,516,705 - --------------------------------------------------------------------------------------------------------------------------------- 15,270,000 Rochester Hsg. Authority (Crossroads Apartments) 7.700 01/01/2017 15,504,242 - --------------------------------------------------------------------------------------------------------------------------------- 6,790,000 Rochester Museum & Science Center 6.125 12/01/2015 6,876,301 - --------------------------------------------------------------------------------------------------------------------------------- 1,195,000 Rockland County IDA (Crystal Run Village/Rockland County Assoc. for the Learning Disabled Obligated Group) 4.900 07/01/2021 1,243,147 - --------------------------------------------------------------------------------------------------------------------------------- 30,000,000 Rockland County Tobacco Asset Securitization Corp. 5.875 3 08/15/2045 2,912,100 - --------------------------------------------------------------------------------------------------------------------------------- 441,000,000 Rockland County Tobacco Asset Securitization Corp. 7.624 3 08/15/2060 8,379,000 - --------------------------------------------------------------------------------------------------------------------------------- 3,075,000 Rockland County Tobacco Asset Securitization Corp. RITES 8.159 4 08/15/2035 3,417,217 - --------------------------------------------------------------------------------------------------------------------------------- 3,360,000 Rockland County Tobacco Asset Securitization Corp. RITES 8.159 4 08/15/2043 3,787,157 - --------------------------------------------------------------------------------------------------------------------------------- 20,000 Sanford Town GO 5.250 04/15/2015 21,393 - --------------------------------------------------------------------------------------------------------------------------------- 20,000 Sanford Town GO 5.250 04/15/2016 21,477 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 Sanford Town GO 5.250 04/15/2017 26,760 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 Sanford Town GO 5.250 04/15/2018 26,712 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 Sanford Town GO 5.250 04/15/2019 26,611 - ---------------------------------------------------------------------------------------------------------------------------------
20 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 25,000 Sanford Town GO 5.250% 04/15/2020 $ 26,511 - --------------------------------------------------------------------------------------------------------------------------------- 30,000 Sanford Town GO 5.250 04/15/2021 31,670 - --------------------------------------------------------------------------------------------------------------------------------- 30,000 Sanford Town GO 5.250 04/15/2022 31,551 - --------------------------------------------------------------------------------------------------------------------------------- 30,000 Sanford Town GO 5.250 04/15/2023 31,433 - --------------------------------------------------------------------------------------------------------------------------------- 30,000 Sanford Town GO 5.250 04/15/2024 31,339 - --------------------------------------------------------------------------------------------------------------------------------- 35,000 Sanford Town GO 5.250 04/15/2025 36,480 - --------------------------------------------------------------------------------------------------------------------------------- 35,000 Sanford Town GO 5.250 04/15/2026 36,343 - --------------------------------------------------------------------------------------------------------------------------------- 40,000 Sanford Town GO 5.250 04/15/2027 41,504 - --------------------------------------------------------------------------------------------------------------------------------- 40,000 Sanford Town GO 5.250 04/15/2028 41,395 - --------------------------------------------------------------------------------------------------------------------------------- 40,000 Sanford Town GO 5.250 04/15/2029 41,318 - --------------------------------------------------------------------------------------------------------------------------------- 45,000 Sanford Town GO 5.250 04/15/2030 46,344 - --------------------------------------------------------------------------------------------------------------------------------- 45,000 Sanford Town GO 5.250 04/15/2031 46,274 - --------------------------------------------------------------------------------------------------------------------------------- 50,000 Sanford Town GO 5.250 04/15/2032 51,393 - --------------------------------------------------------------------------------------------------------------------------------- 50,000 Sanford Town GO 5.250 04/15/2033 51,340 - --------------------------------------------------------------------------------------------------------------------------------- 55,000 Sanford Town GO 5.250 04/15/2034 56,461 - --------------------------------------------------------------------------------------------------------------------------------- 60,000 Sanford Town GO 5.250 04/15/2035 61,561 - --------------------------------------------------------------------------------------------------------------------------------- 60,000 Sanford Town GO 5.250 04/15/2036 61,561 - --------------------------------------------------------------------------------------------------------------------------------- 970,000 Saratoga County IDA (ARC) 8.400 03/01/2013 978,943 - --------------------------------------------------------------------------------------------------------------------------------- 3,000,000 Saratoga County IDA (Saratoga Hospital/Saratoga Care/Benedict Community Health Center) 5.125 12/01/2033 3,142,680 - --------------------------------------------------------------------------------------------------------------------------------- 1,635,000 Schenectady IDA (Schaffer Heights Hsg.) 6.000 11/01/2030 1,773,566 - --------------------------------------------------------------------------------------------------------------------------------- 3,335,000 Schenectady Metroplex Devel. Authority, Series A 5.375 12/15/2021 3,548,006 - --------------------------------------------------------------------------------------------------------------------------------- 188,000 Schroon Lake Fire District 2 7.250 03/01/2009 189,542 - --------------------------------------------------------------------------------------------------------------------------------- 175,000 Scotia Hsg. Authority (Holyrood House) 7.000 06/01/2009 175,443 - --------------------------------------------------------------------------------------------------------------------------------- 8,390,000 SONYMA RITES 7.983 4 10/01/2034 8,839,872 - --------------------------------------------------------------------------------------------------------------------------------- 2,480,000 SONYMA, Series 106 5.100 04/01/2023 2,545,150 - --------------------------------------------------------------------------------------------------------------------------------- 10,200,000 SONYMA, Series 109 4.800 10/01/2023 10,372,890 - --------------------------------------------------------------------------------------------------------------------------------- 14,865,000 SONYMA, Series 133 1 5.050 10/01/2026 15,381,410 - --------------------------------------------------------------------------------------------------------------------------------- 2,475,000 SONYMA, Series 29 5.450 04/01/2031 2,546,874 - --------------------------------------------------------------------------------------------------------------------------------- 20,600,000 SONYMA, Series 29 5.450 10/01/2031 21,236,128 - --------------------------------------------------------------------------------------------------------------------------------- 7,380,000 SONYMA, Series 35 4.800 10/01/2030 7,463,763 - --------------------------------------------------------------------------------------------------------------------------------- 5,115,000 SONYMA, Series 65 5.850 10/01/2028 5,259,499 - --------------------------------------------------------------------------------------------------------------------------------- 20,000 SONYMA, Series 66 5.700 10/01/2027 20,567 - --------------------------------------------------------------------------------------------------------------------------------- 18,610,000 SONYMA, Series 67 5.800 10/01/2028 18,979,967 - --------------------------------------------------------------------------------------------------------------------------------- 3,535,000 SONYMA, Series 69 5.400 10/01/2019 3,613,017 - --------------------------------------------------------------------------------------------------------------------------------- 3,775,000 SONYMA, Series 69 5.500 10/01/2028 3,825,132 - --------------------------------------------------------------------------------------------------------------------------------- 2,770,000 SONYMA, Series 69 RITES 7.015 4 10/01/2028 2,843,599 - --------------------------------------------------------------------------------------------------------------------------------- 12,320,000 SONYMA, Series 71 1 5.400 04/01/2029 12,526,730 - --------------------------------------------------------------------------------------------------------------------------------- 30,000 SONYMA, Series 71 5.400 04/01/2029 30,503 - --------------------------------------------------------------------------------------------------------------------------------- 9,550,000 SONYMA, Series 71 RITES 6.815 4 04/01/2029 9,870,498 - --------------------------------------------------------------------------------------------------------------------------------- 5,500,000 SONYMA, Series 73 RITES 9.285 4 10/01/2028 5,986,310 - --------------------------------------------------------------------------------------------------------------------------------- 1,815,000 SONYMA, Series 73-A 1 5.300 10/01/2028 1,855,112 - --------------------------------------------------------------------------------------------------------------------------------- 100,000 SONYMA, Series 77 5.150 04/01/2029 102,055 - --------------------------------------------------------------------------------------------------------------------------------- 10,175,000 SONYMA, Series 79 5.300 04/01/2029 10,412,485 - --------------------------------------------------------------------------------------------------------------------------------- 470,000 SONYMA, Series 82 5.650 04/01/2030 473,995 - --------------------------------------------------------------------------------------------------------------------------------- 5,660,000 SONYMA, Series 97 5.500 04/01/2031 5,852,383 - --------------------------------------------------------------------------------------------------------------------------------- 300,000 St. Lawrence County IDA (Clarkson University) 5.125 07/01/2021 306,621 - --------------------------------------------------------------------------------------------------------------------------------- 1,315,000 St. Lawrence County IDA (Clarkson University) 5.250 07/01/2031 1,344,127 - --------------------------------------------------------------------------------------------------------------------------------- 2,370,000 St. Lawrence County IDA (Clarkson University) 5.500 07/01/2029 2,461,885 - --------------------------------------------------------------------------------------------------------------------------------- 2,805,000 St. Lawrence County IDA (Hepburn Medical Center) 5.375 12/01/2019 2,933,665 - ---------------------------------------------------------------------------------------------------------------------------------
21 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 3,595,000 St. Lawrence County IDA (Hepburn Medical Center) 5.500% 12/01/2024 $ 3,774,139 - --------------------------------------------------------------------------------------------------------------------------------- 1,295,000 Suffolk County IDA (ACLD) 6.000 12/01/2019 1,333,021 - --------------------------------------------------------------------------------------------------------------------------------- 530,000 Suffolk County IDA (ALIA-ACDS) 7.125 06/01/2017 571,557 - --------------------------------------------------------------------------------------------------------------------------------- 2,295,000 Suffolk County IDA (ALIA-ACLD) 5.950 10/01/2021 2,295,390 - --------------------------------------------------------------------------------------------------------------------------------- 315,000 Suffolk County IDA (ALIA-ACLD) 6.375 06/01/2014 326,475 - --------------------------------------------------------------------------------------------------------------------------------- 1,310,000 Suffolk County IDA (ALIA-ACLD) 6.500 03/01/2018 1,354,566 - --------------------------------------------------------------------------------------------------------------------------------- 745,000 Suffolk County IDA (ALIA-ACLD) 7.500 09/01/2015 804,607 - --------------------------------------------------------------------------------------------------------------------------------- 285,000 Suffolk County IDA (ALIA-ADD) 6.950 12/01/2014 305,004 - --------------------------------------------------------------------------------------------------------------------------------- 480,000 Suffolk County IDA (ALIA-ADD) 7.125 06/01/2017 517,637 - --------------------------------------------------------------------------------------------------------------------------------- 395,000 Suffolk County IDA (ALIA-ADD) 7.500 09/01/2015 426,604 - --------------------------------------------------------------------------------------------------------------------------------- 3,355,000 Suffolk County IDA (ALIA-DDI) 5.950 10/01/2021 3,355,570 - --------------------------------------------------------------------------------------------------------------------------------- 1,370,000 Suffolk County IDA (ALIA-DDI) 6.375 06/01/2014 1,419,909 - --------------------------------------------------------------------------------------------------------------------------------- 100,000 Suffolk County IDA (ALIA-DDI) 7.500 09/01/2015 108,001 - --------------------------------------------------------------------------------------------------------------------------------- 870,000 Suffolk County IDA (ALIA-FREE) 5.950 10/01/2021 870,148 - --------------------------------------------------------------------------------------------------------------------------------- 700,000 Suffolk County IDA (ALIA-FREE) 6.375 06/01/2014 725,501 - --------------------------------------------------------------------------------------------------------------------------------- 1,750,000 Suffolk County IDA (ALIA-FREE) 6.950 12/01/2014 1,872,833 - --------------------------------------------------------------------------------------------------------------------------------- 3,965,000 Suffolk County IDA (ALIA-FREE) 7.125 06/01/2017 4,275,896 - --------------------------------------------------------------------------------------------------------------------------------- 615,000 Suffolk County IDA (ALIA-IGHL) 5.950 10/01/2021 615,105 - --------------------------------------------------------------------------------------------------------------------------------- 380,000 Suffolk County IDA (ALIA-IGHL) 6.000 10/01/2031 380,160 - --------------------------------------------------------------------------------------------------------------------------------- 560,000 Suffolk County IDA (ALIA-IGHL) 6.375 06/01/2014 580,401 - --------------------------------------------------------------------------------------------------------------------------------- 600,000 Suffolk County IDA (ALIA-IGHL) 6.950 12/01/2014 642,114 - --------------------------------------------------------------------------------------------------------------------------------- 1,110,000 Suffolk County IDA (ALIA-IGHL) 7.125 06/01/2017 1,197,035 - --------------------------------------------------------------------------------------------------------------------------------- 1,945,000 Suffolk County IDA (ALIA-IGHL) 7.250 12/01/2033 2,062,400 - --------------------------------------------------------------------------------------------------------------------------------- 240,000 Suffolk County IDA (ALIA-IGHL) 7.500 09/01/2015 259,202 - --------------------------------------------------------------------------------------------------------------------------------- 330,000 Suffolk County IDA (ALIA- L.I. Head Injury Assoc.) 6.375 06/01/2014 342,022 - --------------------------------------------------------------------------------------------------------------------------------- 715,000 Suffolk County IDA (ALIA- L.I. Head Injury Assoc.) 6.950 12/01/2014 765,186 - --------------------------------------------------------------------------------------------------------------------------------- 250,000 Suffolk County IDA (ALIA- L.I. Head Injury Assoc.) 7.500 09/01/2015 270,003 - --------------------------------------------------------------------------------------------------------------------------------- 600,000 Suffolk County IDA (ALIA-MCH) 6.375 06/01/2014 621,858 - --------------------------------------------------------------------------------------------------------------------------------- 1,685,000 Suffolk County IDA (ALIA-MCH) 6.950 12/01/2014 1,803,270 - --------------------------------------------------------------------------------------------------------------------------------- 1,355,000 Suffolk County IDA (ALIA-MCH) 7.125 06/01/2017 1,461,246 - --------------------------------------------------------------------------------------------------------------------------------- 745,000 Suffolk County IDA (ALIA-NYS ARC) 7.500 09/01/2015 804,607 - --------------------------------------------------------------------------------------------------------------------------------- 400,000 Suffolk County IDA (ALIA-Pederson-Krag Center) 8.375 06/01/2016 436,768 - --------------------------------------------------------------------------------------------------------------------------------- 595,000 Suffolk County IDA (ALIA-SMCFS) 7.500 09/01/2015 642,606 - --------------------------------------------------------------------------------------------------------------------------------- 710,000 Suffolk County IDA (ALIA-Suffolk Hostels) 7.500 09/01/2015 766,807 - --------------------------------------------------------------------------------------------------------------------------------- 2,075,000 Suffolk County IDA (ALIA-UCPAGS) 5.950 10/01/2021 2,075,353 - --------------------------------------------------------------------------------------------------------------------------------- 235,000 Suffolk County IDA (ALIA-UCPAGS) 6.375 06/01/2014 243,561 - --------------------------------------------------------------------------------------------------------------------------------- 1,040,000 Suffolk County IDA (ALIA-UCPAGS) 6.950 12/01/2014 1,112,998 - --------------------------------------------------------------------------------------------------------------------------------- 785,000 Suffolk County IDA (ALIA-UCPAGS) 7.000 06/01/2016 843,679 - --------------------------------------------------------------------------------------------------------------------------------- 495,000 Suffolk County IDA (ALIA-UCPAGS) 7.500 09/01/2015 534,605 - --------------------------------------------------------------------------------------------------------------------------------- 370,000 Suffolk County IDA (ALIA-WORCA) 6.950 12/01/2014 395,970 - --------------------------------------------------------------------------------------------------------------------------------- 850,000 Suffolk County IDA (ALIA-WORCA) 7.125 06/01/2017 916,649 - --------------------------------------------------------------------------------------------------------------------------------- 590,000 Suffolk County IDA (ALIA-WORCA) 7.500 09/01/2015 637,206 - --------------------------------------------------------------------------------------------------------------------------------- 715,000 Suffolk County IDA (Catholic Charities) 6.000 10/01/2020 727,906 - --------------------------------------------------------------------------------------------------------------------------------- 245,000 Suffolk County IDA (DDI) 6.000 12/01/2019 252,193 - --------------------------------------------------------------------------------------------------------------------------------- 635,000 Suffolk County IDA (DDI) 6.000 10/01/2020 646,462 - --------------------------------------------------------------------------------------------------------------------------------- 655,000 Suffolk County IDA (DDI) 6.000 10/01/2020 666,823 - --------------------------------------------------------------------------------------------------------------------------------- 520,000 Suffolk County IDA (DDI) 6.250 03/01/2009 529,724 - --------------------------------------------------------------------------------------------------------------------------------- 5,025,000 Suffolk County IDA (DDI) 7.250 03/01/2024 5,326,852 - --------------------------------------------------------------------------------------------------------------------------------- 8,940,000 Suffolk County IDA (DDI) 8.750 03/01/2023 9,617,652 - --------------------------------------------------------------------------------------------------------------------------------- 2,000,000 Suffolk County IDA (Dowling College) 5.000 06/01/2036 2,059,400 - --------------------------------------------------------------------------------------------------------------------------------- 3,275,000 Suffolk County IDA (Dowling College) 6.700 12/01/2020 3,350,751 - --------------------------------------------------------------------------------------------------------------------------------- 1,835,000 Suffolk County IDA (Family Residences) 6.000 12/01/2019 1,888,876 - ---------------------------------------------------------------------------------------------------------------------------------
22 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 1,345,000 Suffolk County IDA (Family Services League) 5.000% 11/01/2027 $ 1,407,300 - --------------------------------------------------------------------------------------------------------------------------------- 830,000 Suffolk County IDA (Family Services League) 5.000 11/01/2034 863,955 - --------------------------------------------------------------------------------------------------------------------------------- 160,000 Suffolk County IDA (Federation of Organizations) 7.625 04/01/2010 166,234 - --------------------------------------------------------------------------------------------------------------------------------- 2,195,000 Suffolk County IDA (Federation of Organizations) 8.125 04/01/2030 2,316,098 - --------------------------------------------------------------------------------------------------------------------------------- 2,600,000 Suffolk County IDA (Gurwin Jewish-Phase II) 6.700 05/01/2039 2,833,012 - --------------------------------------------------------------------------------------------------------------------------------- 3,860,000 Suffolk County IDA (Huntington First Aid Squad) 6.650 11/01/2017 4,029,570 - --------------------------------------------------------------------------------------------------------------------------------- 285,000 Suffolk County IDA (Independent Group Home Living) 6.000 12/01/2019 293,368 - --------------------------------------------------------------------------------------------------------------------------------- 1,460,000 Suffolk County IDA (Independent Group Home Living) 6.000 10/01/2020 1,486,353 - --------------------------------------------------------------------------------------------------------------------------------- 2,950,000 Suffolk County IDA (Jefferson's Ferry) 5.000 11/01/2028 3,045,462 - --------------------------------------------------------------------------------------------------------------------------------- 13,760,000 Suffolk County IDA (Keyspan-Port Jefferson Center) 5.250 06/01/2027 14,360,349 - --------------------------------------------------------------------------------------------------------------------------------- 4,065,000 Suffolk County IDA (L.I. Network Community Services) 7.550 02/01/2034 4,310,892 - --------------------------------------------------------------------------------------------------------------------------------- 8,000,000 Suffolk County IDA (Medford Hamlet Assisted Living) 6.375 01/01/2039 8,132,640 - --------------------------------------------------------------------------------------------------------------------------------- 1,865,000 Suffolk County IDA (Nassau-Suffolk Services for Autism) 6.750 11/01/2036 1,895,903 - --------------------------------------------------------------------------------------------------------------------------------- 635,000 Suffolk County IDA (Nassau-Suffolk Services for Autism) 6.750 11/01/2036 636,238 - --------------------------------------------------------------------------------------------------------------------------------- 3,225,000 Suffolk County IDA (New Interdisciplinary School) 6.750 12/01/2019 3,332,393 - --------------------------------------------------------------------------------------------------------------------------------- 845,000 Suffolk County IDA (Nissequogue Cogeneration Partners) 4.875 01/01/2008 842,566 - --------------------------------------------------------------------------------------------------------------------------------- 8,750,000 Suffolk County IDA (Nissequogue Cogeneration Partners) 5.300 01/01/2013 8,655,325 - --------------------------------------------------------------------------------------------------------------------------------- 18,925,000 Suffolk County IDA (Nissequogue Cogeneration Partners) 5.500 01/01/2023 18,812,775 - --------------------------------------------------------------------------------------------------------------------------------- 680,000 Suffolk County IDA (OBPWC) 7.500 11/01/2022 680,449 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Suffolk County IDA (Peconic Landing Retirement Home) 8.000 10/01/2020 1,116,740 - --------------------------------------------------------------------------------------------------------------------------------- 2,850,000 Suffolk County IDA (Peconic Landing Retirement Home) 8.000 10/01/2030 3,161,933 - --------------------------------------------------------------------------------------------------------------------------------- 4,800,000 Suffolk County IDA (Pederson-Krager Center) 7.200 02/01/2035 4,948,800 - --------------------------------------------------------------------------------------------------------------------------------- 185,000 Suffolk County IDA (Pederson-Krager Center) 7.625 04/01/2010 196,122 - --------------------------------------------------------------------------------------------------------------------------------- 2,545,000 Suffolk County IDA (Pederson-Krager Center) 8.125 04/01/2030 2,713,377 - --------------------------------------------------------------------------------------------------------------------------------- 195,000 Suffolk County IDA (St. Vincent De Paul in the Diocese of Rockville Center) 7.000 04/01/2010 203,824 - --------------------------------------------------------------------------------------------------------------------------------- 2,595,000 Suffolk County IDA (St. Vincent De Paul in the Diocese of Rockville Center) 8.000 04/01/2030 2,752,491 - --------------------------------------------------------------------------------------------------------------------------------- 545,000 Suffolk County IDA (Suffolk Hotels) 6.000 10/01/2020 554,837 - --------------------------------------------------------------------------------------------------------------------------------- 2,245,000 Suffolk County IDA (United Cerebral Palsy Assoc.) 6.000 12/01/2019 2,310,913 - --------------------------------------------------------------------------------------------------------------------------------- 3,350,000 Suffolk County IDA (United Cerebral Palsy Assoc.) 7.875 09/01/2041 3,521,956 - --------------------------------------------------------------------------------------------------------------------------------- 1,620,000 Suffolk County IDA (Windmill Village) 5.700 12/01/2026 1,726,790 - --------------------------------------------------------------------------------------------------------------------------------- 1,305,000 Suffolk County IDA (Windmill Village) 5.750 12/01/2031 1,391,965 - --------------------------------------------------------------------------------------------------------------------------------- 825,000 Suffolk County IDA (Wireless Boulevard Realty) 7.875 12/01/2012 852,415 - --------------------------------------------------------------------------------------------------------------------------------- 4,005,000 Suffolk County IDA (Wireless Boulevard Realty) 8.625 12/01/2026 4,140,329 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Suffolk County IDA (WORCA) 6.000 10/01/2020 1,018,050 - --------------------------------------------------------------------------------------------------------------------------------- 50,000 Suffolk County Water Authority 5.125 06/01/2026 52,688 - --------------------------------------------------------------------------------------------------------------------------------- 4,995,000 Sullivan County IDA (Center for Discovery) 5.625 06/01/2013 5,044,351 - --------------------------------------------------------------------------------------------------------------------------------- 6,705,000 Sullivan County IDA (Center for Discovery) 6.000 06/01/2019 6,810,000 - --------------------------------------------------------------------------------------------------------------------------------- 4,900,000 Sullivan County IDA (Center for Discovery) 6.500 06/01/2025 4,980,409 - --------------------------------------------------------------------------------------------------------------------------------- 4,700,000 Sullivan County IDA (Center for Discovery) 6.950 02/01/2035 4,857,403 - ---------------------------------------------------------------------------------------------------------------------------------
23 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 2,225,000 Sullivan County IDA (Center for Discovery) 7.250% 02/01/2012 $ 2,350,134 - --------------------------------------------------------------------------------------------------------------------------------- 9,965,000 Sullivan County IDA (Center for Discovery) 7.750 02/01/2027 10,710,980 - --------------------------------------------------------------------------------------------------------------------------------- 8,535,000 Sullivan County IDA (SCCC Dorm Corp. Civic Facility) 7.250 06/01/2027 8,571,359 - --------------------------------------------------------------------------------------------------------------------------------- 212,500 Syracuse Hsg. Authority (Loretto Sedgwick Heights Corp.) 7.375 11/01/2008 211,049 - --------------------------------------------------------------------------------------------------------------------------------- 6,995,000 Syracuse Hsg. Authority (Loretto Sedgwick Heights Corp.) 8.500 11/01/2031 7,034,382 - --------------------------------------------------------------------------------------------------------------------------------- 6,590,000 Syracuse Hsg. Authority (LRRHCF) 5.800 08/01/2037 6,873,897 - --------------------------------------------------------------------------------------------------------------------------------- 195,000 Syracuse Hsg. Authority (LRRHCF) 7.500 08/01/2010 197,543 - --------------------------------------------------------------------------------------------------------------------------------- 2,435,000 Syracuse Hsg. Authority (Pavilion on James) 7.500 11/01/2042 2,361,244 - --------------------------------------------------------------------------------------------------------------------------------- 145,000 Syracuse IDA (Anoplate Corp.) 7.250 11/01/2007 147,665 - --------------------------------------------------------------------------------------------------------------------------------- 2,195,000 Syracuse IDA (Anoplate Corp.) 8.000 11/01/2022 2,306,967 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Syracuse IDA (Crouse Irving Health Hospital) 5.375 01/01/2023 914,240 - --------------------------------------------------------------------------------------------------------------------------------- 15,770,000 Syracuse IDA (James Square) 7.197 3 08/01/2025 4,458,968 - --------------------------------------------------------------------------------------------------------------------------------- 725,000 Syracuse IDA (Jewish Home of Central NY) 7.375 03/01/2021 784,356 - --------------------------------------------------------------------------------------------------------------------------------- 2,050,000 Syracuse IDA (Jewish Home of Central NY) 7.375 03/01/2031 2,209,490 - --------------------------------------------------------------------------------------------------------------------------------- 75,000 Taconic Hills Central School District at Craryville 5.000 06/15/2026 78,791 - --------------------------------------------------------------------------------------------------------------------------------- 7,500,000 Tobacco Settlement Financing Corp. (TASC) 5.500 06/01/2019 8,173,275 - --------------------------------------------------------------------------------------------------------------------------------- 13,825,000 Tobacco Settlement Financing Corp. (TASC) 5.500 06/01/2021 14,998,604 - --------------------------------------------------------------------------------------------------------------------------------- 3,750,000 Tompkins County IDA (Ithacare Center) 6.200 02/01/2037 3,852,900 - --------------------------------------------------------------------------------------------------------------------------------- 20,000 Tompkins Health Care Corp. (Reconstruction Home) 10.800 02/01/2007 20,360 - --------------------------------------------------------------------------------------------------------------------------------- 60,000 Tompkins Health Care Corp. (Reconstruction Home) 10.800 02/01/2028 66,566 - --------------------------------------------------------------------------------------------------------------------------------- 525,000 Tonawanda Senior Citizen Hsg. Corp. 6.500 12/01/2010 532,707 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 Triborough Bridge & Tunnel Authority 5.000 01/01/2032 25,796 - --------------------------------------------------------------------------------------------------------------------------------- 18,940,000 Triborough Bridge & Tunnel Authority 5.000 11/15/2032 19,713,888 - --------------------------------------------------------------------------------------------------------------------------------- 8,265,000 Triborough Bridge & Tunnel Authority RITES 8.104 4 01/01/2027 9,569,713 - --------------------------------------------------------------------------------------------------------------------------------- 4,190,000 Triborough Bridge & Tunnel Authority RITES 8.104 4 01/01/2032 4,787,410 - --------------------------------------------------------------------------------------------------------------------------------- 5,400,000 Triborough Bridge & Tunnel Authority, Series A 5.000 11/15/2035 5,714,280 - --------------------------------------------------------------------------------------------------------------------------------- 150,000 TSASC, Inc. (TFABs) 5.000 06/01/2034 152,348 - --------------------------------------------------------------------------------------------------------------------------------- 57,750,000 TSASC, Inc. (TFABs) RITES 5.986 4 06/01/2034 59,557,575 - --------------------------------------------------------------------------------------------------------------------------------- 74,545,000 TSASC, Inc. (TFABs) RITES 6.415 4 06/01/2042 78,972,973 - --------------------------------------------------------------------------------------------------------------------------------- 7,335,000 TSASC, Inc. (TFABs) RITES 6.415 4 06/01/2042 7,770,699 - --------------------------------------------------------------------------------------------------------------------------------- 33,750,000 TSASC, Inc. (TFABs) ROLs 8 6.392 4 06/01/2042 35,086,500 - --------------------------------------------------------------------------------------------------------------------------------- 995,000 UCP/HCA of Chemung County 6.600 08/01/2022 1,026,979 - --------------------------------------------------------------------------------------------------------------------------------- 1,760,000 Ulster County IDA (Brooklyn Bottling) 8.600 06/30/2022 1,768,712 - --------------------------------------------------------------------------------------------------------------------------------- 4,000,000 Ulster County IDA (Kingston Hospital) 5.650 11/15/2024 4,161,320 - --------------------------------------------------------------------------------------------------------------------------------- 1,465,000 Ulster County IDA (Mid-Hudson Family Health Services) 5.350 07/01/2023 1,508,584 - --------------------------------------------------------------------------------------------------------------------------------- 175,000 Ulster County Res Rec 5.000 03/01/2019 181,858 - --------------------------------------------------------------------------------------------------------------------------------- 185,000 Ulster County Res Rec 5.000 03/01/2020 191,673 - --------------------------------------------------------------------------------------------------------------------------------- 3,005,000 Ulster County Tobacco Asset Securitization Corp. 0.000 6 06/01/2040 2,686,680 - --------------------------------------------------------------------------------------------------------------------------------- 2,935,000 Ulster County Tobacco Asset Securitization Corp. 6.000 06/01/2040 3,105,406 - --------------------------------------------------------------------------------------------------------------------------------- 2,175,000 Ulster County Tobacco Asset Securitization Corp. 2 6.250 06/01/2025 2,338,430 - --------------------------------------------------------------------------------------------------------------------------------- 2,000,000 United Nations Devel. Corp., Series A 5.250 07/01/2026 2,033,140 - --------------------------------------------------------------------------------------------------------------------------------- 500,000 Utica GO 6.100 01/15/2013 532,155 - --------------------------------------------------------------------------------------------------------------------------------- 3,550,000 Utica IDA (Utica College Civic Facility) 6.850 12/01/2031 3,876,068 - ---------------------------------------------------------------------------------------------------------------------------------
24 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 375,000 Watervliet Hsg. Authority (Colonie Senior Service Center) 5.875% 06/01/2018 $ 368,756 - --------------------------------------------------------------------------------------------------------------------------------- 10,800,000 Watervliet Hsg. Authority (Colonie Senior Service Center) 6.125 06/01/2038 10,447,596 - --------------------------------------------------------------------------------------------------------------------------------- 2,590,000 Wayne County IDA (ARC) 8.375 03/01/2018 2,595,491 - --------------------------------------------------------------------------------------------------------------------------------- 300,000 Westchester County Healthcare Corp., Series A 5.875 11/01/2025 307,302 - --------------------------------------------------------------------------------------------------------------------------------- 1,870,000 Westchester County IDA (Beth Abraham Hospital) 8.375 12/01/2025 1,915,460 - --------------------------------------------------------------------------------------------------------------------------------- 90,000 Westchester County IDA (Children's Village) 5.375 03/15/2019 92,000 - --------------------------------------------------------------------------------------------------------------------------------- 4,290,000 Westchester County IDA (Children's Village) 6.000 06/01/2022 4,472,797 - --------------------------------------------------------------------------------------------------------------------------------- 1,215,000 Westchester County IDA (Clearview School) 7.250 01/01/2035 1,280,877 - --------------------------------------------------------------------------------------------------------------------------------- 1,300,000 Westchester County IDA (Guiding Eyes for the Blind) 5.375 08/01/2024 1,361,620 - --------------------------------------------------------------------------------------------------------------------------------- 2,000,000 Westchester County IDA (Hebrew Hospital Senior Hsg.) 7.375 07/01/2030 2,154,600 - --------------------------------------------------------------------------------------------------------------------------------- 1,560,000 Westchester County IDA (JDAM) 6.750 04/01/2016 1,589,375 - --------------------------------------------------------------------------------------------------------------------------------- 3,325,000 Westchester County IDA (Lawrence Hospital) 5.000 01/01/2028 3,368,591 - --------------------------------------------------------------------------------------------------------------------------------- 820,000 Westchester County IDA (Lawrence Hospital) 5.125 01/01/2018 838,417 - --------------------------------------------------------------------------------------------------------------------------------- 1,275,000 Westchester County IDA (Living Independently for the Elderly) 5.375 08/20/2021 1,368,126 - --------------------------------------------------------------------------------------------------------------------------------- 3,035,000 Westchester County IDA (Living Independently for the Elderly) 5.400 08/20/2032 3,238,224 - --------------------------------------------------------------------------------------------------------------------------------- 1,580,000 Westchester County IDA (Rippowam-Cisqua School) 5.750 06/01/2029 1,631,034 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Westchester County IDA (Schnurmacher Center) 6.500 11/01/2013 1,062,890 - --------------------------------------------------------------------------------------------------------------------------------- 1,710,000 Westchester County IDA (Schnurmacher Center) 6.500 11/01/2033 1,829,683 - --------------------------------------------------------------------------------------------------------------------------------- 130,000 Westchester County IDA (Westchester Airport Assoc.) 5.950 08/01/2024 130,628 - --------------------------------------------------------------------------------------------------------------------------------- 2,590,000 Westchester County IDA (Winward School) 5.250 10/01/2031 2,695,594 - --------------------------------------------------------------------------------------------------------------------------------- 76,375,000 Westchester County Tobacco Asset Securitization Corp. 0.000 6 07/15/2039 82,864,584 - --------------------------------------------------------------------------------------------------------------------------------- 300,000 Westchester County Tobacco Asset Securitization Corp. 5.125 06/01/2038 306,084 - --------------------------------------------------------------------------------------------------------------------------------- 4,250,000 Westchester County Tobacco Asset Securitization Corp. 5.896 4 06/01/2038 4,422,338 - --------------------------------------------------------------------------------------------------------------------------------- 21,325,000 Westchester County Tobacco Asset Securitization Corp. RITES 5.896 4 06/01/2038 22,189,729 - --------------------------------------------------------------------------------------------------------------------------------- 675,000 Westchester County Tobacco Asset Securitization Corp. RITES 5.896 4 06/01/2038 702,371 - --------------------------------------------------------------------------------------------------------------------------------- 6,325,000 Westchester County Tobacco Asset Securitization Corp. RITES 5.896 4 06/01/2045 6,554,598 - --------------------------------------------------------------------------------------------------------------------------------- 13,340,000 Westchester County Tobacco Asset Securitization Corp. RITES 7.455 4 06/01/2045 14,066,363 - --------------------------------------------------------------------------------------------------------------------------------- 1,400,000 Yates County IDA (Keuka College) 8.750 08/01/2015 1,495,592 - --------------------------------------------------------------------------------------------------------------------------------- 3,675,000 Yates County IDA (SSMH) 5.650 02/01/2039 3,889,547 - --------------------------------------------------------------------------------------------------------------------------------- 4,500,000 Yonkers GO 5.000 08/01/2035 4,744,575 - --------------------------------------------------------------------------------------------------------------------------------- 4,685,000 Yonkers IDA (Hudson Scenic Studio) 6.625 11/01/2019 4,820,771 - --------------------------------------------------------------------------------------------------------------------------------- 4,445,000 Yonkers IDA (Monastery Manor Associates) 5.250 04/01/2037 4,687,430 - --------------------------------------------------------------------------------------------------------------------------------- 1,590,000 Yonkers IDA (Philipsburgh Hall Associates) 7.500 11/01/2030 1,435,770 - --------------------------------------------------------------------------------------------------------------------------------- 730,000 Yonkers IDA (Sacred Heart Assoc.) 4.800 10/01/2026 741,249 - --------------------------------------------------------------------------------------------------------------------------------- 1,805,000 Yonkers IDA (Sacred Heart Assoc.) 5.000 10/01/2037 1,858,428 - --------------------------------------------------------------------------------------------------------------------------------- 2,515,000 Yonkers IDA (St. John's Riverside Hospital) 7.125 07/01/2031 2,709,007 - --------------------------------------------------------------------------------------------------------------------------------- 1,700,000 Yonkers IDA (St. Joseph's Hospital) 5.900 03/01/2008 1,701,343 - ---------------------------------------------------------------------------------------------------------------------------------
25 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED $ 2,810,000 Yonkers IDA (St. Joseph's Hospital) 8.500% 12/30/2013 $ 2,820,172 - --------------------------------------------------------------------------------------------------------------------------------- 3,225,000 Yonkers IDA (Westchester School) 8.750 12/30/2023 3,325,749 - --------------------------------------------------------------------------------------------------------------------------------- 800,000 Yonkers Parking Authority 6.000 06/15/2018 837,192 - --------------------------------------------------------------------------------------------------------------------------------- 1,215,000 Yonkers Parking Authority 6.000 06/15/2024 1,259,663 ------------------ 7,845,057,454 - --------------------------------------------------------------------------------------------------------------------------------- OTHER STATES--0.2% 7,000,000 Houston, TX Airport Special Facilities (Continental Airlines) 6.125 07/15/2017 7,002,940 - --------------------------------------------------------------------------------------------------------------------------------- 4,000,000 Los Angeles, CA Regional Airports Improvement Corp. (Delta-Continental Airlines) 9.250 08/01/2024 4,008,520 - --------------------------------------------------------------------------------------------------------------------------------- 5,500,000 NJ EDA (Continental Airlines) 7.000 11/15/2030 5,805,910 ------------------ 16,817,370 U.S. POSSESSIONS--15.9% 2,995,000 Guam EDA (Harmon Village Apartments) 2,5,9 9.375 11/01/2018 -- - --------------------------------------------------------------------------------------------------------------------------------- 2,435,000 Guam EDA (Royal Socio Apartments) 5,9 9.500 11/01/2018 2,157,361 - --------------------------------------------------------------------------------------------------------------------------------- 3,000,000 Guam Government Waterworks Authority & Wastewater System 5.875 07/01/2035 3,222,540 - --------------------------------------------------------------------------------------------------------------------------------- 290,000 Guam Power Authority, Series A 5.250 10/01/2023 290,081 - --------------------------------------------------------------------------------------------------------------------------------- 20,000,000 Guam Power Authority, Series A 5.250 10/01/2034 20,219,200 - --------------------------------------------------------------------------------------------------------------------------------- 18,595,000 Northern Mariana Islands Ports Authority, Series A 6.600 03/15/2028 20,837,557 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Northern Mariana Islands, Series A 6.000 06/01/2020 1,055,550 - --------------------------------------------------------------------------------------------------------------------------------- 7,695,000 Northern Mariana Islands, Series A 6.250 03/15/2028 8,094,371 - --------------------------------------------------------------------------------------------------------------------------------- 10,000,000 Northern Mariana Islands, Series A 7.375 06/01/2030 10,907,500 - --------------------------------------------------------------------------------------------------------------------------------- 375,000 Puerto Rico Aqueduct & Sewer Authority 5.000 07/01/2015 380,891 - --------------------------------------------------------------------------------------------------------------------------------- 20,000 Puerto Rico Commonwealth GO 5.000 07/01/2026 20,569 - --------------------------------------------------------------------------------------------------------------------------------- 14,000,000 Puerto Rico Commonwealth GO 5.000 07/01/2027 14,448,140 - --------------------------------------------------------------------------------------------------------------------------------- 17,010,000 Puerto Rico Commonwealth GO 5.000 07/01/2029 17,611,133 - --------------------------------------------------------------------------------------------------------------------------------- 48,655,000 Puerto Rico Commonwealth GO 5.000 07/01/2033 50,069,401 - --------------------------------------------------------------------------------------------------------------------------------- 41,600,000 Puerto Rico Commonwealth GO 5.000 07/01/2034 42,918,720 - --------------------------------------------------------------------------------------------------------------------------------- 16,900,000 Puerto Rico Commonwealth GO 5.000 07/01/2035 17,526,314 - --------------------------------------------------------------------------------------------------------------------------------- 5,605,000 Puerto Rico Commonwealth GO 5.125 07/01/2031 5,773,654 - --------------------------------------------------------------------------------------------------------------------------------- 5,000,000 Puerto Rico Commonwealth GO 5.250 07/01/2022 5,418,450 - --------------------------------------------------------------------------------------------------------------------------------- 4,000,000 Puerto Rico Commonwealth GO 5.250 07/01/2030 4,288,360 - --------------------------------------------------------------------------------------------------------------------------------- 22,085,000 Puerto Rico Commonwealth GO 5.250 07/01/2032 23,622,779 - --------------------------------------------------------------------------------------------------------------------------------- 70,000 Puerto Rico Electric Power Authority 5.250 07/01/2029 74,074 - --------------------------------------------------------------------------------------------------------------------------------- 70,000 Puerto Rico Electric Power Authority, Series II 5.125 07/01/2026 74,481 - --------------------------------------------------------------------------------------------------------------------------------- 2,750,000 Puerto Rico Electric Power Authority, Series NN 5.125 07/01/2024 2,924,708 - --------------------------------------------------------------------------------------------------------------------------------- 370,000 Puerto Rico Electric Power Authority, Series NN 5.125 07/01/2029 389,925 - --------------------------------------------------------------------------------------------------------------------------------- 80,000 Puerto Rico HFC 5.100 12/01/2018 81,091 - --------------------------------------------------------------------------------------------------------------------------------- 1,920,000 Puerto Rico HFC 5.500 12/01/2023 2,000,371 - --------------------------------------------------------------------------------------------------------------------------------- 9,515,000 Puerto Rico Highway & Transportation Authority 5.000 07/01/2028 9,797,215 - --------------------------------------------------------------------------------------------------------------------------------- 270,000 Puerto Rico Highway & Transportation Authority 5.750 07/01/2020 297,292 - --------------------------------------------------------------------------------------------------------------------------------- 25,545,000 Puerto Rico Highway & Transportation Authority, Series G 5.000 07/01/2033 26,287,593 - --------------------------------------------------------------------------------------------------------------------------------- 77,405,000 Puerto Rico Highway & Transportation Authority, Series G 5.000 07/01/2042 79,143,516 - --------------------------------------------------------------------------------------------------------------------------------- 165,000 Puerto Rico Highway & Transportation Authority, Series J 5.000 07/01/2034 170,231 - --------------------------------------------------------------------------------------------------------------------------------- 33,940,000 Puerto Rico Highway & Transportation Authority, Series J 5.125 07/01/2039 35,108,894 - ---------------------------------------------------------------------------------------------------------------------------------
26 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- U.S. POSSESSIONS CONTINUED $ 43,060,000 Puerto Rico Highway & Transportation Authority, Series J 5.125% 07/01/2043 $ 44,466,340 - --------------------------------------------------------------------------------------------------------------------------------- 10,000,000 Puerto Rico Highway & Transportation 5.000 07/01/2025 10,449,900 Authority, Series K - --------------------------------------------------------------------------------------------------------------------------------- 14,175,000 Puerto Rico Highway & Transportation Authority, Series K 5.000 07/01/2026 14,781,265 - --------------------------------------------------------------------------------------------------------------------------------- 8,000,000 Puerto Rico Highway & Transportation Authority, Series K 5.000 07/01/2027 8,318,560 - --------------------------------------------------------------------------------------------------------------------------------- 2,000,000 Puerto Rico Highway & Transportation Authority, Series K 5.000 07/01/2030 2,076,700 - --------------------------------------------------------------------------------------------------------------------------------- 73,725,000 Puerto Rico Highway & Transportation Authority, Series K 5.000 07/01/2035 76,228,701 - --------------------------------------------------------------------------------------------------------------------------------- 13,960,000 Puerto Rico Highway & Transportation Authority, Series K 5.000 07/01/2040 14,349,624 - --------------------------------------------------------------------------------------------------------------------------------- 105,440,000 Puerto Rico Highway & Transportation Authority, Series K 5.000 07/01/2045 108,382,830 - --------------------------------------------------------------------------------------------------------------------------------- 3,650,000 Puerto Rico Infrastructure 5.000 07/01/2025 3,829,325 - --------------------------------------------------------------------------------------------------------------------------------- 5,250,000 Puerto Rico Infrastructure 5.000 07/01/2031 5,465,618 - --------------------------------------------------------------------------------------------------------------------------------- 6,000,000 Puerto Rico Infrastructure 5.000 07/01/2037 6,197,160 - --------------------------------------------------------------------------------------------------------------------------------- 12,590,000 Puerto Rico Infrastructure 5.000 07/01/2037 13,041,477 - --------------------------------------------------------------------------------------------------------------------------------- 202,145,000 Puerto Rico Infrastructure 5.000 07/01/2041 207,786,867 - --------------------------------------------------------------------------------------------------------------------------------- 62,675,000 Puerto Rico Infrastructure 5.000 07/01/2046 64,569,039 - --------------------------------------------------------------------------------------------------------------------------------- 1,080,000 Puerto Rico ITEMECF (Ana G. Mendez University) 5.375 02/01/2019 1,112,951 - --------------------------------------------------------------------------------------------------------------------------------- 1,575,000 Puerto Rico ITEMECF (Ana G. Mendez University) 5.375 12/01/2021 1,665,988 - --------------------------------------------------------------------------------------------------------------------------------- 5,750,000 Puerto Rico ITEMECF (Ana G. Mendez University) 5.375 02/01/2029 5,898,408 - --------------------------------------------------------------------------------------------------------------------------------- 6,315,000 Puerto Rico ITEMECF (Ana G. Mendez University) 5.500 12/01/2031 6,652,537 - --------------------------------------------------------------------------------------------------------------------------------- 42,400,000 Puerto Rico ITEMECF (Cogeneration Facilities) 6.625 06/01/2026 46,207,944 - --------------------------------------------------------------------------------------------------------------------------------- 2,970,000 Puerto Rico ITEMECF (Mennonite General Hospital) 5.625 07/01/2017 2,814,758 - --------------------------------------------------------------------------------------------------------------------------------- 985,000 Puerto Rico ITEMECF (Mennonite General Hospital) 5.625 07/01/2027 897,877 - --------------------------------------------------------------------------------------------------------------------------------- 8,745,000 Puerto Rico ITEMECF (Mennonite General Hospital) 6.500 07/01/2018 8,772,547 - --------------------------------------------------------------------------------------------------------------------------------- 12,380,000 Puerto Rico ITEMECF (Mennonite General Hospital) 6.500 07/01/2026 12,398,694 - --------------------------------------------------------------------------------------------------------------------------------- 475,000 Puerto Rico ITEMECF (Ryder Memorial Hospital) 6.400 05/01/2009 475,223 - --------------------------------------------------------------------------------------------------------------------------------- 2,450,000 Puerto Rico ITEMECF (Ryder Memorial Hospital) 6.600 05/01/2014 2,450,294 - --------------------------------------------------------------------------------------------------------------------------------- 5,250,000 Puerto Rico ITEMECF (Ryder Memorial Hospital) 6.700 05/01/2024 5,251,313 - --------------------------------------------------------------------------------------------------------------------------------- 7,000,000 Puerto Rico ITEMECF (San Lucas & Cristo Redentor Hospitals) 5.750 06/01/2029 6,285,650 - --------------------------------------------------------------------------------------------------------------------------------- 500,000 Puerto Rico ITEMECF (University of the Sacred Heart) 5.250 09/01/2021 516,710 - --------------------------------------------------------------------------------------------------------------------------------- 8,000,000 Puerto Rico ITEMECF (University of the Sacred Heart) 5.250 09/01/2031 8,221,120 - --------------------------------------------------------------------------------------------------------------------------------- 5,000,000 Puerto Rico Municipal Finance Agency, Series A 5.250 08/01/2024 5,366,850 - --------------------------------------------------------------------------------------------------------------------------------- 1,500,000 Puerto Rico Municipal Finance Agency, Series A 5.250 08/01/2025 1,608,915 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Puerto Rico Port Authority (American Airlines), Series A 1 6.250 06/01/2026 1,001,690 - --------------------------------------------------------------------------------------------------------------------------------- 12,470,000 Puerto Rico Port Authority (American Airlines), Series A 6.300 06/01/2023 12,470,249 - --------------------------------------------------------------------------------------------------------------------------------- 1,940,000 Puerto Rico Public Buildings Authority 5.000 07/01/2026 1,997,987 - --------------------------------------------------------------------------------------------------------------------------------- 47,855,000 Puerto Rico Public Buildings Authority 5.000 07/01/2036 49,324,627 - --------------------------------------------------------------------------------------------------------------------------------- 52,000,000 Puerto Rico Public Buildings Authority 5.250 07/01/2029 55,384,160 - --------------------------------------------------------------------------------------------------------------------------------- 90,400,000 Puerto Rico Public Buildings Authority 5.250 07/01/2033 95,853,832 - --------------------------------------------------------------------------------------------------------------------------------- 120,000 Puerto Rico Public Buildings Authority 5.375 07/01/2033 126,539 - --------------------------------------------------------------------------------------------------------------------------------- 47,720,000 Puerto Rico Public Finance Corp., Series E 5.500 08/01/2029 50,774,080 - ---------------------------------------------------------------------------------------------------------------------------------
27 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - --------------------------------------------------------------------------------------------------------------------------------- U.S. POSSESSIONS CONTINUED $ 9,230,000 University of V.I., Series A 5.375% 06/01/2034 $ 9,729,435 - --------------------------------------------------------------------------------------------------------------------------------- 2,040,000 University of V.I., Series A 6.250 12/01/2029 2,198,304 - --------------------------------------------------------------------------------------------------------------------------------- 1,250,000 V.I. Government Refinery Facilities (Hovensa Coker) 1 6.500 07/01/2021 1,410,650 - --------------------------------------------------------------------------------------------------------------------------------- 25,000 V.I. HFA, Series A 6.450 03/01/2016 25,115 - --------------------------------------------------------------------------------------------------------------------------------- 18,720,000 V.I. Public Finance Authority (Gross Receipts Taxes Loan) 1 5.000 10/01/2031 19,172,650 - --------------------------------------------------------------------------------------------------------------------------------- 550,000 V.I. Public Finance Authority (Gross Receipts Taxes Loan) 5.000 10/01/2033 575,273 - --------------------------------------------------------------------------------------------------------------------------------- 27,733,000 V.I. Public Finance Authority (Hovensa Coker) 6.500 07/01/2021 31,297,245 - --------------------------------------------------------------------------------------------------------------------------------- 8,000,000 V.I. Public Finance Authority (Hovensa Refinery) 6.125 07/01/2022 8,843,360 - --------------------------------------------------------------------------------------------------------------------------------- 11,700,000 V.I. Public Finance Authority (Hovensa) 5.875 07/01/2022 12,810,564 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 V.I. Public Finance Authority, Series A 1 5.250 10/01/2023 1,058,560 - --------------------------------------------------------------------------------------------------------------------------------- 750,000 V.I. Public Finance Authority, Series A 5.250 10/01/2024 793,403 - --------------------------------------------------------------------------------------------------------------------------------- 1,000,000 V.I. Public Finance Authority, Series A 5.500 10/01/2018 1,032,490 - --------------------------------------------------------------------------------------------------------------------------------- 16,220,000 V.I. Public Finance Authority, Series A 5.500 10/01/2022 16,740,662 - --------------------------------------------------------------------------------------------------------------------------------- 7,500,000 V.I. Public Finance Authority, Series A 5.625 10/01/2025 7,760,025 - --------------------------------------------------------------------------------------------------------------------------------- 50,000 V.I. Public Finance Authority, Series A 5.625 10/01/2025 51,841 - --------------------------------------------------------------------------------------------------------------------------------- 3,830,000 V.I. Public Finance Authority, Series E 6.000 10/01/2022 3,997,639 - --------------------------------------------------------------------------------------------------------------------------------- 1,575,000 V.I. Water & Power Authority 5.300 07/01/2018 1,604,216 - --------------------------------------------------------------------------------------------------------------------------------- 3,515,000 V.I. Water & Power Authority 5.300 07/01/2021 3,564,210 - --------------------------------------------------------------------------------------------------------------------------------- 2,500,000 V.I. Water & Power Authority 5.500 07/01/2017 2,577,840 ------------------ 1,493,929,793 - --------------------------------------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS, AT VALUE (COST $8,913,482,606)-99.7% 9,355,804,617 - --------------------------------------------------------------------------------------------------------------------------------- OTHER ASSETS NET OF LIABILITIES-0.3 28,583,163 ------------------ NET ASSETS-100.0% $ 9,384,387,780 ==================
FOOTNOTES TO STATEMENT OF INVESTMENTS 1. All or a portion of the security has been segregated for collateral to cover borrowings. See accompanying Notes. 2. Illiquid security. The aggregate value of illiquid securities as of September 30, 2006 was $129,171,198, which represents 1.38% of the Fund's net assets. See accompanying Notes. 3. Zero coupon bond reflects effective yield on the date of purchase. 4. Represents the current interest rate for a variable rate bond known as an "inverse floater." See accompanying Notes. 5. Issue is in default. See accompanying Notes. 6. Denotes a step bond: a zero coupon bond that converts to a fixed or variable interest rate at a designated future date. 7. When-issued security or forward commitment to be delivered and settled after September 30, 2006. See accompanying Notes. 8. Security is subject to a shortfall and forbearance agreement. See accompanying Notes. 9. Non-income producing security. TO SIMPLIFY THE LISTINGS OF SECURITIES, ABBREVIATIONS ARE USED PER THE TABLE BELOW: ACDS Assoc. for Children with Down Syndrome ACLD Adults and Children with Learning and Developmental Disabilities ADD Aid to the Developmentally Disabled ALIA Alliance of Long Island Agencies ARC Assoc. of Retarded Citizens CFGA Child and Family Guidance Assoc. CHSLI Catholic Health Services of Long Island CNGCS Central Nassau Guidance and Counseling Services COP Certificates of Participation CSMR Community Services for the Mentally Retarded DA Dormitory Authority DDI Developmental Disabilities Institute 28 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - -------------------------------------------------------------------------------- DIAMONDS Direct Investment of Accrued Municipals DRIVERS Derivative Inverse Tax Exempt Receipts EDA Economic Devel. Authority EFC Environmental Facilities Corp. ERDA Energy Research and Devel. Authority FREE Family Residences and Essential Enterprises GJSR Gurwin Jewish Senior Residences GO General Obligation GSHMC Good Samaritan Hospital Medical Center HDC Housing Devel. Corp. HFA Housing Finance Agency HFC Housing Finance Corp. HH Harmony Heights, Inc. HHS Harmony Heights School HJDOI Hospital for Joint Diseases Orthopedic Institute IDA Industrial Devel. Agency IGHL Independent Group Home for Living ITEMECF Industrial, Tourist, Educational, Medical and Environmental Community Facilities JCC Jewish Community Center JDAM Julia Dyckman Andrus Memorial JFK John Fitzgerald Kennedy L.I. Long Island LGSC Local Government Services Corp. LILCO Long Island Lighting Corp. LRRHCF Loretto Rest Residential Health Care Facility LVH Little Village House MCH Maryhaven Center of Hope MMC Mercy Medical Center MSH/NYU Mount Sinai Hospital/New York University MTA Metropolitan Transportation Authority NH&HC Nursing Home and Health Care NIMO Niagara Mohawk Power Corp. NY/NJ New York/New Jersey NYC New York City NYS New York State NYU New York University OBPWC Ocean Bay Park Water Corp. P-Floats Puttable Floats PRAMS Prudential Receipts of Accrual Municipal Securities PSCH Professional Service Centers for the Handicapped, Inc. RG&E Rochester Gas and Electric RIBS Residual Interest Bonds RITES Residual Interest Tax Exempt Security ROLs Residual Option Longs Res Rec Resource Recovery Facility SCCC Sullivan County Community College SCHRC St. Charles Hospital and Rehabilitation Center SCSB Schuyler Community Services Board SCSMC St. Catherine of Sienna Medical Center SFH St. Francis Hospital SLCD School for Language and Communication Development SMCFS St. Mary's Children and Family Services SONYMA State of New York Mortgage Agency SSMH Soldiers and Sailors Memorial Hospital SUNY State University of New York SV Sienna Village TASC Tobacco Settlement Asset-Backed Bonds TFABs Tobacco Flexible Amortization Bonds 29 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - -------------------------------------------------------------------------------- UBF University of Buffalo Foundation UCP/HCA United Cerebral Palsy and Handicapped Children's Assoc. UCPAGS United Cerebral Palsy Assoc. of Greater Suffolk UDC Urban Development Corp. V.I. United States Virgin Islands WORCA Working Organization for Retarded Children and Adults WWH Wyandach/Wheatley Heights YMCA Young Men's Christian Assoc. DISTRIBUTION OF INVESTMENTS BY INDUSTRY OF ISSUE, AS A PERCENTAGE OF TOTAL INVESTMENTS AT VALUE, IS AS FOLLOWS: INDUSTRY VALUE PERCENT - ---------------------------------------------------------------------- Highways/Railways $ 1,186,572,898 12.7% Tobacco Settlement Payments 1,017,704,762 10.9 General Obligation 959,219,985 10.3 Hospital/Health Care 857,534,273 9.2 Water Utilities 723,455,801 7.7 Electric Utilities 698,550,431 7.5 Airlines 672,802,570 7.2 Marine/Aviation Facilities 431,354,946 4.6 Not-for-Profit Organization 336,725,320 3.6 Multifamily Housing 333,167,664 3.6 Adult Living Facilities 321,969,493 3.4 Higher Education 304,055,967 3.1 Municipal Leases 259,772,675 2.8 Paper, Containers & Packaging 198,815,827 2.1 Single Family Housing 152,144,516 1.6 Sales Tax Revenue 143,453,766 1.5 Education 126,522,901 1.4 Manufacturing, Non-Durable Goods 98,664,780 1.1 Resource Recovery 97,616,181 1.0 Special Tax 86,905,459 0.9 Hotels, Restaurants & Leisure 78,930,485 0.8 Manufacturing, Durable Goods 76,507,522 0.8 Pollution Control 54,813,094 0.6 Sports Facility Revenue 52,180,895 0.6 Parking Fee Revenue 28,355,151 0.3 Gas Utilities 25,209,000 0.3 Special Assessment 25,205,019 0.3 Sewer Utilities 7,593,296 0.1 ----------------------------------- Total $ 9,355,804,677 100.0% =================================== FEDERAL TAX. The approximate aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments for federal income tax purposes as of September 30, 2006 are noted below. The primary difference between book and tax appreciation or depreciation of securities and other investments, if applicable, is attributable to the tax deferral of losses. Federal tax cost of securities $ 8,915,825,261 ================= Gross unrealized appreciation $ 471,524,781 Gross unrealized depreciation (31,545,365) ----------------- Net unrealized appreciation $ 439,979,416 ================= 30 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - -------------------------------------------------------------------------------- NOTES TO FINANCIAL STATEMENTS SECURITIES VALUATION. The Fund calculates the net asset value of its shares as of the close of the New York Stock Exchange (the "Exchange"), normally 4:00 P.M. Eastern time, on each day the Exchange is open for business. Securities may be valued primarily using dealer-supplied valuations or a portfolio pricing service authorized by the Board of Trustees. Securities listed or traded on National Stock Exchanges or other domestic exchanges are valued based on the last sale price of the security traded on that exchange prior to the time when the Fund's assets are valued. Securities traded on NASDAQ(R) are valued based on the closing price provided by NASDAQ prior to the time when the Fund's assets are valued. In the absence of a sale, the security is valued at the last sale price on the prior trading day, if it is within the spread of the closing "bid" and "asked" prices, and if not, at the closing bid price. Securities traded on foreign exchanges are valued based on the last sale price on the principal exchange on which the security is traded, as identified by the portfolio pricing service, prior to the time when the Fund's assets are valued. In the absence of a sale, the security is valued at the official closing price on the principal exchange. Corporate, government and municipal debt instruments having a remaining maturity in excess of sixty days and all mortgage-backed securities will be valued at the mean between the "bid" and "asked" prices. Futures contracts traded on a commodities or futures exchange will be valued at the final settlement price or official closing price on the principal exchange as reported by such principal exchange at its trading session ending at, or most recently prior to, the time when the Fund's assets are valued. Securities (including restricted securities) for which market quotations are not readily available are valued at their fair value. Foreign and domestic securities whose values have been materially affected by what the Manager identifies as a significant event occurring before the Fund's assets are valued but after the close of their respective exchanges will be fair valued. Fair value is determined in good faith using consistently applied procedures under the supervision of the Board of Trustees. Short-term "money market type" debt securities with remaining maturities of sixty days or less are valued at amortized cost (which approximates market value). SECURITIES ON A WHEN-ISSUED BASIS OR FORWARD COMMITMENT. Delivery and payment for securities that have been purchased by the Fund on a when-issued basis or forward commitment can take place up to ten days or more after the trade date. Normally the settlement date occurs within six months after the trade date; however, the Fund may, from time to time, purchase securities whose settlement date extends six months or more beyond trade date. During this period, such securities do not earn interest, are subject to market fluctuation and may increase or decrease in value prior to their delivery. The Fund maintains internally designated assets with a market value equal to or greater than the amount of its purchase commitments. The purchase of securities on a when-issued basis or forward commitment may increase the volatility of the Fund's net asset value to the extent the Fund executes such transactions while remaining substantially fully invested. The Fund may also sell securities that it purchased on a when-issued basis or forward commitment prior to settlement of the original purchase. As of September 30, 2006, the Fund had purchased $84,347,895 of securities issued on a when-issued basis or forward commitment. INVERSE FLOATING RATE SECURITIES. The Fund invests in inverse floating rate securities that pay interest at a rate that varies inversely with short-term interest rates. Certain of these securities may be leveraged, whereby the interest rate varies inversely at a multiple of the change in short-term rates. As interest rates rise, inverse floaters produce less current income. The price of such securities is more volatile than comparable fixed rate securities. The Fund will not invest more than 20% of its total assets in inverse floaters. Inverse floaters amount to $813,023,216 as of September 30, 2006. The Fund enters into shortfall and forbearance agreements with the sponsors of certain inverse floaters held by the Fund. These agreements commit the Fund to pay the sponsor of the inverse floater, in certain circumstances, the difference between the liquidation value of the underlying security (which is the basis of the inverse floater) and the principal amount due to the holders of the floating rate security issued in conjunction with the inverse floater (the "shortfall"). At September 30, 2006, the Fund's maximum aggregate exposure under such agreements is estimated at approximately $33,750,000. Under the terms of these agreements, the Fund maintains the right to collapse the trust issuing the inverse floater by paying the shortfall, if any, and exchanging the inverse floater for the underlying fixed rate security upon which the inverse floater is based, thereby terminating its investment in the inverse floater. The Manager monitors the Fund's potential exposure with respect to these agreements on a daily basis and intends to take action to terminate the Fund's investment in the inverse floaters, as it deems appropriate. As of September 30, 2006, the Fund has not made any payments related to such agreements and it expects the risk of material future payments required under these agreements to be remote. SECURITY CREDIT RISK. The Fund invests in high-yield securities, which may be subject to a greater degree of credit risk, market fluctuations and loss of income and principal, and may be more sensitive to economic conditions than lower-yielding, higher-rated 31 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2006 / UNAUDITED - -------------------------------------------------------------------------------- fixed-income securities. The Fund may acquire securities in default, and is not obligated to dispose of securities whose issuers subsequently default. As of September 30, 2006, securities with an aggregate market value of $2,250,834, representing 0.02% of the Fund's net assets, were in default. There are certain risks arising from geographic concentration in any state. Certain revenue or tax related events in a state may impair the ability of certain issuers of municipal securities to pay principal and interest on their obligations. ILLIQUID SECURITIES As of September 30, 2006, investments in securities included issues that are illiquid. A security may be considered illiquid if it lacks a readily available market or if its valuation has not changed for a certain period of time. The Fund will not invest more than 15% of its net assets (determined at the time of purchase and reviewed periodically) in illiquid securities. Securities that are illiquid are marked with the applicable footnote on the Statement of Investments. BORROWINGS The Fund can borrow money from banks in amounts up to one-third of its total assets (including the amount borrowed) less all liabilities and indebtedness other than borrowings to purchase portfolio securities, to meet redemption obligations or for temporary and emergency purposes. The purchase of securities with borrowed funds creates leverage in the Fund. The Fund entered into a Revolving Credit and Security Agreement with a conduit lender and a bank which enables it to participate with a certain other Oppenheimer fund in a committed, unsecured borrowing facility that permits borrowings of up to $300 million, collectively. To secure the loan, the Fund pledges investment securities in accordance with the terms of the Agreement. Interest is charged to the Fund, based on its borrowings, at current commercial paper issuance rates (5.3315% as of September 30, 2006). The Fund pays additional fees of 0.30% per annum to the lender on its outstanding borrowings to manage and administer the facility and is allocated its pro-rata share of a 0.13% per annum commitment fee for a liquidity backstop facility with respect to the $300 million facility size. RECENT ACCOUNTING PRONOUNCEMENT In September 2006, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards ("SFAS") No. 157, FAIR VALUE MEASUREMENTS. This standard establishes a single authoritative definition of fair value, sets out a framework for measuring fair value and expands disclosures about fair value measurements. SFAS No. 157 applies to fair value measurements already required or permitted by existing standards. SFAS No. 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007 and interim periods within those fiscal years. As of September 30, 2006, the Manager does not believe the adoption of SFAS No. 157 will materially impact the financial statement amounts; however, additional disclosures may be required about the inputs used to develop the measurements and the effect of certain of the measurements on changes in net assets for the period. 32 | ROCHESTER FUND MUNICIPALS ITEM 2. CONTROLS AND PROCEDURES. (a) Based on their evaluation of the registrant's disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940 (17 CFR 270.30a-3(c)) as of 08/31/2006, the registrant's principal executive officer and principal financial officer found the registrant's disclosure controls and procedures to provide reasonable assurances that information required to be disclosed by the registrant in the reports that it files under the Securities Exchange Act of 1934 (a) is accumulated and communicated to the registrant's management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure, and (b) is recorded, processed, summarized and reported, within the time periods specified in the rules and forms adopted by the U.S. Securities and Exchange Commission. (b) There have been no significant changes in the registrant's internal controls over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. ITEM 3. EXHIBITS. Exhibits attached hereto. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Rochester Fund Municipals By: /S/ JOHN V. MURPHY ---------------------------- John V. Murphy Principal Executive Officer Date: 11/15/2006 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /S/ JOHN V. MURPHY ---------------------------- John V. Murphy Principal Executive Officer Date: 11/15/2006 By: /S/ BRIAN W. WIXTED ---------------------------- Brian W. Wixted Principal Financial Officer Date: 11/15/2006 EX-99.CERT 2 rq365_35582ex302.txt RQ365_35582EX302 Exhibit 99.CERT Section 302 Certifications CERTIFICATIONS I, John V. Murphy, certify that: 1. I have reviewed this report on Form N-Q of Rochester Fund Municipals; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of Trustees (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. /S/ JOHN V. MURPHY - ---------------------------- John V. Murphy Principal Executive Officer Date: 11/15/2006 Exhibit 99.CERT Section 302 Certifications CERTIFICATIONS I, Brian W. Wixted, certify that: 1. I have reviewed this report on Form N-Q of Rochester Fund Municipals; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of Trustees (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. /S/ BRIAN W. WIXTED - ---------------------------- Brian W. Wixted Principal Financial Officer Date: 11/15/2006 -----END PRIVACY-ENHANCED MESSAGE-----