-----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, JzefBjzeBXy2iZYYYQ+gYORymLPNmXTH8Qpt+ZOrgubRt2DtQ5iQsrKffZ4sGRva cil+8drpVcIKeiA92HnIjQ== 0000935069-07-002712.txt : 20071121 0000935069-07-002712.hdr.sgml : 20071121 20071121164752 ACCESSION NUMBER: 0000935069-07-002712 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070930 FILED AS OF DATE: 20071121 DATE AS OF CHANGE: 20071121 EFFECTIVENESS DATE: 20071121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROCHESTER FUND MUNICIPALS CENTRAL INDEX KEY: 0000093621 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: 071263755 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_42763nq.txt RQ365_42763NQ.TXT 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 31 ----------- Date of reporting period: 09/30/2007 ---------- ITEM 1. SCHEDULE OF INVESTMENTS. ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ----------------------------------------------------------------------------------------------------------------------------------- MUNICIPAL BONDS AND NOTES--118.2% - ----------------------------------------------------------------------------------------------------------------------------------- NEW YORK--95.8% $ 1,420,000 Albany County, NY Airport Authority 5.000% 12/15/2035 $ 1,436,628 - ----------------------------------------------------------------------------------------------------------------------------------- 135,000 Albany County, NY Airport Authority 5.500 12/15/2019 138,063 - ----------------------------------------------------------------------------------------------------------------------------------- 1,035,000 Albany County, NY IDA (Albany College of Pharmacy) 5.375 12/01/2024 1,051,529 - ----------------------------------------------------------------------------------------------------------------------------------- 1,700,000 Albany County, NY IDA (Albany College of Pharmacy) 5.625 12/01/2034 1,733,490 - ----------------------------------------------------------------------------------------------------------------------------------- 605,000 Albany County, NY IDA (Wildwood Programs) 4.900 07/01/2021 601,249 - ----------------------------------------------------------------------------------------------------------------------------------- 1,085,000 Albany, NY Hsg. Authority (Lark Drive) 5.500 12/01/2028 1,096,816 - ----------------------------------------------------------------------------------------------------------------------------------- 2,700,000 Albany, NY IDA (Albany Law School) 5.000 07/01/2031 2,642,841 - ----------------------------------------------------------------------------------------------------------------------------------- 310,000 Albany, NY IDA (Albany Law School) 5.000 07/01/2037 299,503 - ----------------------------------------------------------------------------------------------------------------------------------- 1,420,000 Albany, NY IDA (Albany Medical Center) 6.000 05/01/2019 1,446,000 - ----------------------------------------------------------------------------------------------------------------------------------- 2,460,000 Albany, NY IDA (Albany Medical Center) 6.000 05/01/2029 2,476,384 - ----------------------------------------------------------------------------------------------------------------------------------- 340,000 Albany, NY IDA (Albany Municipal Golf Course Clubhouse) 7.500 05/01/2012 340,843 - ----------------------------------------------------------------------------------------------------------------------------------- 845,000 Albany, NY IDA (Albany Rehabilitation) 8.375 06/01/2023 871,389 - ----------------------------------------------------------------------------------------------------------------------------------- 3,125,000 Albany, NY IDA (Brighter Choice Charter School) 5.000 04/01/2027 2,991,719 - ----------------------------------------------------------------------------------------------------------------------------------- 1,350,000 Albany, NY IDA (Brighter Choice Charter School) 5.000 04/01/2032 1,270,971 - ----------------------------------------------------------------------------------------------------------------------------------- 900,000 Albany, NY IDA (Brighter Choice Charter School) 5.000 04/01/2037 839,016 - ----------------------------------------------------------------------------------------------------------------------------------- 7,005,000 Albany, NY IDA (Charitable Leadership) 5.750 07/01/2026 7,033,230 - ----------------------------------------------------------------------------------------------------------------------------------- 3,730,000 Albany, NY IDA (Daughters of Sarah Nursing Home) 5.375 10/20/2030 3,931,942 - ----------------------------------------------------------------------------------------------------------------------------------- 2,335,000 Albany, NY IDA (Hampton Plaza) 6.250 03/15/2018 2,345,017 - ----------------------------------------------------------------------------------------------------------------------------------- 900,000 Albany, NY IDA (New Covenant Charter School) 7.000 05/01/2025 758,034 - ----------------------------------------------------------------------------------------------------------------------------------- 1,285,000 Albany, NY IDA (Sage Colleges) 5.250 04/01/2019 1,309,595 - ----------------------------------------------------------------------------------------------------------------------------------- 1,760,000 Albany, NY IDA (Sage Colleges) 5.300 04/01/2029 1,778,586 - ----------------------------------------------------------------------------------------------------------------------------------- 1,120,000 Albany, NY Parking Authority 5.625 07/15/2020 1,171,912 - ----------------------------------------------------------------------------------------------------------------------------------- 895,000 Albany, NY Parking Authority 5.625 07/15/2025 930,702 - ----------------------------------------------------------------------------------------------------------------------------------- 1,770,000 Albany, NY Parking Authority 1 7.052 2 11/01/2017 1,061,947 - ----------------------------------------------------------------------------------------------------------------------------------- 5,700,000 Allegany County, NY IDA (Houghton College) 5.250 01/15/2024 5,753,523 - ----------------------------------------------------------------------------------------------------------------------------------- 925,000 Amherst, NY IDA (Asbury Pointe) 5.800 02/01/2015 910,459 - ----------------------------------------------------------------------------------------------------------------------------------- 10,000 Amherst, NY IDA (Asbury Pointe) 6.000 02/01/2023 9,803 - ----------------------------------------------------------------------------------------------------------------------------------- 3,000,000 Amherst, NY IDA (Asbury Pointe) 6.000 02/01/2029 2,898,270 - ----------------------------------------------------------------------------------------------------------------------------------- 5,300,000 Amherst, NY IDA (Beechwood Health Care Center) 5.200 01/01/2040 4,742,599 - ----------------------------------------------------------------------------------------------------------------------------------- 25,000 Amherst, NY IDA (UBF Faculty-Student Hsg. Corp.) 5.250 08/01/2031 26,523 - ----------------------------------------------------------------------------------------------------------------------------------- 250,000 Babylon, NY IDA (WWH Ambulance) 7.375 09/15/2008 251,458 - ----------------------------------------------------------------------------------------------------------------------------------- 810,000 Bethlehem, NY Water System 5.250 03/01/2018 851,650 - ----------------------------------------------------------------------------------------------------------------------------------- 855,000 Bethlehem, NY Water System 5.375 03/01/2019 901,563 - ----------------------------------------------------------------------------------------------------------------------------------- 905,000 Bethlehem, NY Water System 5.375 03/01/2020 952,449 - ----------------------------------------------------------------------------------------------------------------------------------- 955,000 Bethlehem, NY Water System 5.500 03/01/2021 1,009,416 - ----------------------------------------------------------------------------------------------------------------------------------- 505,000 Bethlehem, NY Water System 5.500 03/01/2022 532,528 - ----------------------------------------------------------------------------------------------------------------------------------- 1,065,000 Blauvelt, NY Volunteer Fire Company 6.250 10/15/2017 1,076,236 - ----------------------------------------------------------------------------------------------------------------------------------- 2,425,000 Brookhaven, NY (Stony Brook Foundation) 6.500 11/01/2020 2,534,731 - ----------------------------------------------------------------------------------------------------------------------------------- 2,735,000 Brookhaven, NY IDA (Enecon Corp.) 6.300 01/01/2033 2,739,786 - ----------------------------------------------------------------------------------------------------------------------------------- 1,250,000 Brookhaven, NY IDA (St. Joseph's College) 6.000 12/01/2020 1,265,625 - ----------------------------------------------------------------------------------------------------------------------------------- 65,000 Broome County, NY IDA (University Plaza) 5.000 08/01/2025 64,277 - ----------------------------------------------------------------------------------------------------------------------------------- 3,030,000 Broome County, NY IDA (University Plaza) 5.000 08/01/2036 2,885,469 - ----------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Broome County, NY IDA (University Plaza) 5.100 08/01/2030 979,190 - ----------------------------------------------------------------------------------------------------------------------------------- 1,250,000 Broome County, NY IDA (University Plaza) 5.100 08/01/2036 1,208,700 - ----------------------------------------------------------------------------------------------------------------------------------- 3,000,000 Broome County, NY IDA (University Plaza) 5.200 08/01/2030 2,977,980 - ----------------------------------------------------------------------------------------------------------------------------------- 4,450,000 Broome County, NY IDA (University Plaza) 5.200 08/01/2036 4,368,165 - ----------------------------------------------------------------------------------------------------------------------------------- 3,000,000 Bushnell Basin Fire Assoc. (Volunteer Fire Dept.) 5.750 11/01/2030 2,977,470 - ----------------------------------------------------------------------------------------------------------------------------------- 915,000 Canton Human Services Initiatives 5.700 09/01/2024 961,994 - -----------------------------------------------------------------------------------------------------------------------------------
1 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ----------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ----------------------------------------------------------------------------------------------------------------------------------- $ 1,155,000 Canton Human Services Initiatives 5.750% 09/01/2032 $ 1,204,307 - ----------------------------------------------------------------------------------------------------------------------------------- 600,000 Capital District Youth Center 6.000 02/01/2017 609,588 - ----------------------------------------------------------------------------------------------------------------------------------- 500,000 Carnegie Redevel. Corp. 1 7.000 09/01/2021 500,630 - ----------------------------------------------------------------------------------------------------------------------------------- 4,295,000 Cattaraugus County IDA (Olean General Hospital) 5.250 08/01/2023 4,384,937 - ----------------------------------------------------------------------------------------------------------------------------------- 1,465,000 Cattaraugus County IDA (St. Bonaventure University) 5.450 09/15/2019 1,490,257 - ----------------------------------------------------------------------------------------------------------------------------------- 12,500,000 Cayuga County COP (Auburn Memorial Hospital) 6.000 01/01/2021 12,516,000 - ----------------------------------------------------------------------------------------------------------------------------------- 440,000 Chautauqua County IDA (Jamestown Devel. Corp.) 7.125 11/01/2008 445,632 - ----------------------------------------------------------------------------------------------------------------------------------- 3,395,000 Chautauqua County IDA (Jamestown Devel. Corp.) 7.125 11/01/2018 3,492,267 - ----------------------------------------------------------------------------------------------------------------------------------- 1,900,000 Chautauqua County IDA (Woman's Christian Assoc. of Jamestown) 6.400 11/15/2029 1,962,966 - ----------------------------------------------------------------------------------------------------------------------------------- 95,000 Chautauqua Utility District 5.000 06/01/2023 98,340 - ----------------------------------------------------------------------------------------------------------------------------------- 105,000 Chautauqua Utility District 5.000 06/01/2025 108,007 - ----------------------------------------------------------------------------------------------------------------------------------- 3,250,000 Chemung County IDA (Arnot Ogden Medical Center) 5.000 11/01/2029 3,258,320 - ----------------------------------------------------------------------------------------------------------------------------------- 1,915,000 Chemung County IDA (Arnot Ogden Medical Center) 5.000 11/01/2029 1,919,902 - ----------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Chemung County IDA (Arnot Ogden Medical Center) 5.000 11/01/2034 997,010 - ----------------------------------------------------------------------------------------------------------------------------------- 1,455,000 Chemung County IDA (Arnot Ogden Medical Center) 5.000 11/01/2034 1,450,650 - ----------------------------------------------------------------------------------------------------------------------------------- 1,225,000 Chemung County IDA (Hathorn Redevel. Company) 4.850 07/01/2023 1,234,604 - ----------------------------------------------------------------------------------------------------------------------------------- 1,515,000 Chemung County IDA (Hathorn Redevel. Company) 5.000 07/01/2033 1,525,241 - ----------------------------------------------------------------------------------------------------------------------------------- 5,480,000 Chemung County IDA (St. Joseph's Hospital) 6.000 01/01/2013 5,456,272 - ----------------------------------------------------------------------------------------------------------------------------------- 5,675,000 Chemung County IDA (St. Joseph's Hospital) 6.350 01/01/2013 5,722,273 - ----------------------------------------------------------------------------------------------------------------------------------- 4,910,000 Chemung County IDA (St. Joseph's Hospital) 6.500 01/01/2019 4,955,663 - ----------------------------------------------------------------------------------------------------------------------------------- 1,425,000 Clifton Springs Hospital & Clinic 7.650 01/01/2012 1,455,552 - ----------------------------------------------------------------------------------------------------------------------------------- 2,735,000 Clifton Springs Hospital & Clinic 8.000 01/01/2020 2,739,458 - ----------------------------------------------------------------------------------------------------------------------------------- 35,000 Cohoes GO 6.200 03/15/2012 35,529 - ----------------------------------------------------------------------------------------------------------------------------------- 25,000 Cohoes GO 6.200 03/15/2013 25,368 - ----------------------------------------------------------------------------------------------------------------------------------- 25,000 Cohoes GO 6.250 03/15/2014 25,360 - ----------------------------------------------------------------------------------------------------------------------------------- 25,000 Cohoes GO 6.250 03/15/2015 25,353 - ----------------------------------------------------------------------------------------------------------------------------------- 25,000 Cohoes GO 6.250 03/15/2016 25,335 - ----------------------------------------------------------------------------------------------------------------------------------- 1,585,000 Columbia County IDA (Berkshire Farms) 7.500 12/15/2014 1,587,901 - ----------------------------------------------------------------------------------------------------------------------------------- 3,300,000 Corinth IDA (International Paper Company) 5.750 02/01/2022 3,373,425 - ----------------------------------------------------------------------------------------------------------------------------------- 40,000 Corinth IDA (International Paper Company) 5.850 12/01/2020 40,594 - ----------------------------------------------------------------------------------------------------------------------------------- 5,370,000 Cortland County IDA (Cortland Memorial Hospital) 5.250 07/01/2032 5,422,626 - ----------------------------------------------------------------------------------------------------------------------------------- 155,000 Dutchess County IDA (Astor Learning Center Civic Facility) 5.150 11/01/2024 159,097 - ----------------------------------------------------------------------------------------------------------------------------------- 2,320,000 Dutchess County IDA (Elant Fishkill) 5.250 01/01/2037 2,194,047 - ----------------------------------------------------------------------------------------------------------------------------------- 280,000 Dutchess County IDA (IBM Corp.) 5.450 12/01/2029 290,122 - ----------------------------------------------------------------------------------------------------------------------------------- 900,000 Dutchess County IDA (St. Francis Hospital) 7.500 03/01/2029 980,109 - ----------------------------------------------------------------------------------------------------------------------------------- 2,200,000 Dutchess County IDA (Vassar Brothers Hospital) 6.500 04/01/2020 2,339,634 - ----------------------------------------------------------------------------------------------------------------------------------- 5,635,000 Dutchess County IDA (Vassar Brothers Hospital) 6.500 04/01/2030 5,992,653 - ----------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Dutchess County Water & Wastewater Authority 5.400 2 06/01/2027 394,030 - ----------------------------------------------------------------------------------------------------------------------------------- 3,240,000 East Rochester Hsg. Authority (Episcopal Senior Hsg.) 7.750 10/01/2032 3,418,589 - ----------------------------------------------------------------------------------------------------------------------------------- 1,355,000 East Rochester Hsg. Authority (Gates Senior Hsg.) 6.125 04/20/2043 1,469,213 - ----------------------------------------------------------------------------------------------------------------------------------- 1,400,000 East Rochester Hsg. Authority (Genesee Valley Nursing Home) 5.200 12/20/2024 1,457,582 - ----------------------------------------------------------------------------------------------------------------------------------- 2,520,000 East Rochester Hsg. Authority (Jefferson Park Apartments) 6.750 03/01/2030 2,610,619 - -----------------------------------------------------------------------------------------------------------------------------------
2 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ----------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ----------------------------------------------------------------------------------------------------------------------------------- $ 2,000,000 East Rochester Hsg. Authority (Linden Knoll) 5.350% 02/01/2038 $ 2,016,240 - ----------------------------------------------------------------------------------------------------------------------------------- 16,210,000 East Rochester Hsg. Authority (St. John's Meadows) 5.000 02/15/2047 16,288,619 - ----------------------------------------------------------------------------------------------------------------------------------- 4,095,000 East Rochester Hsg. Authority (St. John's Meadows) 5.950 08/01/2027 4,180,299 - ----------------------------------------------------------------------------------------------------------------------------------- 1,700,000 East Rochester Hsg. Authority (Woodland Village) 5.500 08/01/2033 1,654,168 - ----------------------------------------------------------------------------------------------------------------------------------- 3,325,000 Elmira Hsg. Authority (Eastgate Apartments) 6.250 06/01/2044 3,242,972 - ----------------------------------------------------------------------------------------------------------------------------------- 190,000 Erie County IDA (Air Cargo) 8.250 10/01/2007 190,015 - ----------------------------------------------------------------------------------------------------------------------------------- 2,380,000 Erie County IDA (Air Cargo) 8.500 10/01/2015 2,389,639 - ----------------------------------------------------------------------------------------------------------------------------------- 4,000,000 Erie County IDA (Charter School Applied Tech) 6.750 06/01/2025 4,188,920 - ----------------------------------------------------------------------------------------------------------------------------------- 7,000,000 Erie County IDA (Charter School Applied Tech) 6.875 06/01/2035 7,320,950 - ----------------------------------------------------------------------------------------------------------------------------------- 1,960,000 Erie County IDA (DePaul Properties) 5.750 09/01/2028 1,775,407 - ----------------------------------------------------------------------------------------------------------------------------------- 2,605,000 Erie County IDA (DePaul Properties) 6.500 09/01/2018 2,615,941 - ----------------------------------------------------------------------------------------------------------------------------------- 35,000,000 Erie County IDA (Great Lakes) 3 7.500 12/01/2025 8,661,100 - ----------------------------------------------------------------------------------------------------------------------------------- 11,310,000 Erie County IDA (Medaille College) 7.625 04/01/2035 12,554,666 - ----------------------------------------------------------------------------------------------------------------------------------- 3,515,000 Erie County IDA (Medaille College) 8.250 11/01/2026 3,857,818 - ----------------------------------------------------------------------------------------------------------------------------------- 7,000,000 Erie County IDA (Orchard Park CCRC) 6.000 11/15/2026 7,004,270 - ----------------------------------------------------------------------------------------------------------------------------------- 5,250,000 Erie County IDA (Orchard Park) 6.000 11/15/2036 5,157,390 - ----------------------------------------------------------------------------------------------------------------------------------- 9,600,000 Erie County IDA (The Episcopal Church Home) 6.000 02/01/2028 9,641,664 - ----------------------------------------------------------------------------------------------------------------------------------- 2,630,000 Erie County Sewer District 5.000 12/01/2030 2,723,497 - ----------------------------------------------------------------------------------------------------------------------------------- 1,360,000 Erie County Sewer District 5.000 12/01/2035 1,399,902 - ----------------------------------------------------------------------------------------------------------------------------------- 25,290,000 Erie County Tobacco Asset Securitization Corp. 4 5.000 06/01/2038 23,726,319 - ----------------------------------------------------------------------------------------------------------------------------------- 72,380,000 Erie County Tobacco Asset Securitization Corp. 4 5.000 06/01/2045 66,915,672 - ----------------------------------------------------------------------------------------------------------------------------------- 36,360,000 Erie County Tobacco Asset Securitization Corp. 5.000 06/01/2038 34,111,861 - ----------------------------------------------------------------------------------------------------------------------------------- 5,680,000 Erie County Tobacco Asset Securitization Corp. 5.000 06/01/2045 5,251,160 - ----------------------------------------------------------------------------------------------------------------------------------- 72,000,000 Erie County Tobacco Asset Securitization Corp. 5.986 2 06/01/2047 5,199,840 - ----------------------------------------------------------------------------------------------------------------------------------- 135,000,000 Erie County Tobacco Asset Securitization Corp. 6.486 2 06/01/2050 6,832,350 - ----------------------------------------------------------------------------------------------------------------------------------- 150,000,000 Erie County Tobacco Asset Securitization Corp. 6.751 2 06/01/2055 4,252,500 - ----------------------------------------------------------------------------------------------------------------------------------- 1,024,000,000 Erie County Tobacco Asset Securitization Corp. 7.650 2 06/01/2060 19,701,760 - ----------------------------------------------------------------------------------------------------------------------------------- 2,300,000 Essex County IDA (International Paper Company) 6.450 11/15/2023 2,383,122 - ----------------------------------------------------------------------------------------------------------------------------------- 35,000 Essex County IDA (Moses Ludington Nursing Home) 6.200 02/01/2030 37,535 - ----------------------------------------------------------------------------------------------------------------------------------- 5,000,000 Essex County IDA (Moses Ludington Nursing Home) 6.375 02/01/2050 5,385,500 - ----------------------------------------------------------------------------------------------------------------------------------- 60,000 Essex County IDA (Moses Ludington Nursing Home) 9.000 02/01/2008 60,312 - ----------------------------------------------------------------------------------------------------------------------------------- 975,000 Essex County IDA (North Country Community College Foundation) 5.000 06/01/2020 976,472 - ----------------------------------------------------------------------------------------------------------------------------------- 320,000 Essex County IDA (North Country Community College Foundation) 5.000 06/01/2020 320,483 - ----------------------------------------------------------------------------------------------------------------------------------- 1,235,000 Essex County IDA (North Country Community College Foundation) 5.200 06/01/2025 1,233,913 - ----------------------------------------------------------------------------------------------------------------------------------- 410,000 Essex County IDA (North Country Community College Foundation) 5.200 06/01/2025 409,639 - ----------------------------------------------------------------------------------------------------------------------------------- 1,100,000 Essex County IDA (North Country Community College Foundation) 5.300 06/01/2035 1,089,660 - ----------------------------------------------------------------------------------------------------------------------------------- 5,550,000 Essex County IDA Solid Waste Disposal (International Paper Company) 5.200 12/01/2023 5,450,211 - ----------------------------------------------------------------------------------------------------------------------------------- 4,440,000 Essex County IDA Solid Waste Disposal (International Paper Company) 5.200 03/01/2028 4,258,138 - ----------------------------------------------------------------------------------------------------------------------------------- 1,850,000 Essex County IDA Solid Waste Disposal (International Paper Company) 5.500 08/15/2022 1,858,917 - ----------------------------------------------------------------------------------------------------------------------------------- 1,625,000 Essex County IDA Solid Waste Disposal (International Paper Company) 5.500 10/01/2026 1,626,755 - ----------------------------------------------------------------------------------------------------------------------------------- 5,680,000 Franklin County IDA (Adirondack Medical Center) 5.500 12/01/2029 5,802,518 - -----------------------------------------------------------------------------------------------------------------------------------
3 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ----------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ----------------------------------------------------------------------------------------------------------------------------------- $ 900,000 Franklin County IDA (North Country Community College Foundation) 5.200% 06/01/2025 $ 899,208 - ----------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Genesee County IDA (United Memorial Medical Center) 5.000 12/01/2027 938,860 - ----------------------------------------------------------------------------------------------------------------------------------- 135,000 Glen Cove IDA (SLCD) 6.875 07/01/2008 135,243 - ----------------------------------------------------------------------------------------------------------------------------------- 3,775,000 Glen Cove IDA (SLCD) 7.375 07/01/2023 3,878,624 - ----------------------------------------------------------------------------------------------------------------------------------- 1,270,000 Green Island Power Authority 5.125 12/15/2024 1,274,839 - ----------------------------------------------------------------------------------------------------------------------------------- 2,795,000 Green Island Power Authority 6.000 12/15/2020 2,962,197 - ----------------------------------------------------------------------------------------------------------------------------------- 1,695,000 Green Island Power Authority 6.000 12/15/2025 1,783,869 - ----------------------------------------------------------------------------------------------------------------------------------- 2,500,000 Hempstead IDA (Adelphi University) 5.500 06/01/2032 2,567,050 - ----------------------------------------------------------------------------------------------------------------------------------- 275,000 Hempstead IDA (Dentaco Corp.) 7.250 11/01/2012 289,583 - ----------------------------------------------------------------------------------------------------------------------------------- 1,270,000 Hempstead IDA (Dentaco Corp.) 8.250 11/01/2025 1,354,976 - ----------------------------------------------------------------------------------------------------------------------------------- 2,925,000 Hempstead IDA (Engel Burman Senior Hsg.) 6.250 11/01/2010 3,059,667 - ----------------------------------------------------------------------------------------------------------------------------------- 18,825,000 Hempstead IDA (Engel Burman Senior Hsg.) 6.750 11/01/2024 19,853,975 - ----------------------------------------------------------------------------------------------------------------------------------- 1,285,000 Hempstead IDA (Franklin Hospital Medical Center) 5.750 11/01/2008 1,281,633 - ----------------------------------------------------------------------------------------------------------------------------------- 9,375,000 Hempstead IDA (Franklin Hospital Medical Center) 6.375 11/01/2018 9,424,406 - ----------------------------------------------------------------------------------------------------------------------------------- 8,865,000 Hempstead IDA (Franklin Hospital Medical Center) 7.750 11/01/2022 9,560,282 - ----------------------------------------------------------------------------------------------------------------------------------- 4,730,000 Hempstead IDA (Hungry Harbor Associates) 8.000 05/01/2044 5,528,188 - ----------------------------------------------------------------------------------------------------------------------------------- 12,425,000 Hempstead IDA (Hungry Harbor Associates) 8.000 05/01/2044 14,521,719 - ----------------------------------------------------------------------------------------------------------------------------------- 2,480,000 Hempstead IDA (Hungry Harbor Associates) 8.000 05/01/2044 2,898,500 - ----------------------------------------------------------------------------------------------------------------------------------- 6,355,000 Hempstead IDA (South Shore Y JCC) 6.750 11/01/2024 6,061,018 - ----------------------------------------------------------------------------------------------------------------------------------- 840,000 Hempstead Village GO 5.000 07/01/2020 852,684 - ----------------------------------------------------------------------------------------------------------------------------------- 1,025,000 Hempstead Village GO 5.000 07/01/2021 1,036,050 - ----------------------------------------------------------------------------------------------------------------------------------- 1,270,000 Hempstead Village GO 5.000 07/01/2022 1,280,401 - ----------------------------------------------------------------------------------------------------------------------------------- 4,310,000 Herkimer County IDA (Burrows Paper) 8.000 01/01/2009 4,319,223 - ----------------------------------------------------------------------------------------------------------------------------------- 3,225,000 Herkimer County IDA (Folts Adult Home) 5.500 03/20/2040 3,497,384 - ----------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Herkimer County IDA (Herkimer County College Foundation) 6.250 08/01/2034 1,046,850 - ----------------------------------------------------------------------------------------------------------------------------------- 1,285,000 Herkimer County IDA (Herkimer County College Foundation) 6.400 11/01/2020 1,341,746 - ----------------------------------------------------------------------------------------------------------------------------------- 2,000,000 Herkimer County IDA (Herkimer County College Foundation) 6.500 11/01/2030 2,068,380 - ----------------------------------------------------------------------------------------------------------------------------------- 195,000 Herkimer Hsg. Authority 7.150 03/01/2011 195,433 - ----------------------------------------------------------------------------------------------------------------------------------- 990,000 Hudson IDA (Have, Inc.) 8.125 12/01/2017 1,025,630 - ----------------------------------------------------------------------------------------------------------------------------------- 1,255,000 Hudson IDA (Hudson Fabrics) 6.750 11/01/2024 1,241,258 - ----------------------------------------------------------------------------------------------------------------------------------- 699,980,000 Hudson Yards Infrastructure Corp. 5.000 02/15/2047 711,207,679 - ----------------------------------------------------------------------------------------------------------------------------------- 145,000 Huntington Hsg. Authority (GJSR) 5.875 05/01/2019 147,024 - ----------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Huntington Hsg. Authority (GJSR) 6.000 05/01/2029 1,006,660 - ----------------------------------------------------------------------------------------------------------------------------------- 8,500,000 Huntington Hsg. Authority (GJSR) 6.000 05/01/2039 8,529,325 - ----------------------------------------------------------------------------------------------------------------------------------- 770,000 Islip IDA (Leeway School) 9.000 08/01/2021 778,994 - ----------------------------------------------------------------------------------------------------------------------------------- 17,985,000 Islip IDA (Southside Hospital Civic Facilities) 7.750 12/01/2022 18,699,005 - ----------------------------------------------------------------------------------------------------------------------------------- 9,695,000 Islip IDA (United Cerebral Palsy Assoc.) 1 6.250 12/01/2031 9,374,096 - ----------------------------------------------------------------------------------------------------------------------------------- 1,125,000 Islip IDA (United Cerebral Palsy Assoc.) 6.250 12/01/2031 1,087,763 - ----------------------------------------------------------------------------------------------------------------------------------- 1,100,000 Islip Res Rec, Series E 5.750 07/01/2020 1,197,482 - ----------------------------------------------------------------------------------------------------------------------------------- 1,315,000 Islip Res Rec, Series E 5.750 07/01/2021 1,429,918 - ----------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Islip Res Rec, Series E 5.750 07/01/2023 1,083,120 - ----------------------------------------------------------------------------------------------------------------------------------- 3,000,000 Kenmore Hsg. Authority (SUNY at Buffalo) 5.500 08/01/2024 3,074,790 - ----------------------------------------------------------------------------------------------------------------------------------- 11,645,000 L.I. Power Authority, Series A 4 5.250 09/01/2028 12,389,141 - ----------------------------------------------------------------------------------------------------------------------------------- 275,000 L.I. Power Authority, Series A 5.000 09/01/2027 284,485 - ----------------------------------------------------------------------------------------------------------------------------------- 60,000 L.I. Power Authority, Series A 5.125 09/01/2029 62,428 - ----------------------------------------------------------------------------------------------------------------------------------- 24,130,000 L.I. Power Authority, Series A 5.125 09/01/2029 24,661,825 - -----------------------------------------------------------------------------------------------------------------------------------
4 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ----------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ----------------------------------------------------------------------------------------------------------------------------------- $ 1,350,000 L.I. Power Authority, Series B 5.000% 12/01/2035 $ 1,391,594 - ----------------------------------------------------------------------------------------------------------------------------------- 74,880,000 L.I. Power Authority, Series C 5.000 09/01/2035 76,362,624 - ----------------------------------------------------------------------------------------------------------------------------------- 210,000,000 Liberty Devel. Corp. (Goldman Sachs Headquarters) 5.250 10/01/2035 224,303,100 - ----------------------------------------------------------------------------------------------------------------------------------- 100,000 Lowville GO 7.200 09/15/2012 115,311 - ----------------------------------------------------------------------------------------------------------------------------------- 100,000 Lowville GO 7.200 09/15/2013 117,727 - ----------------------------------------------------------------------------------------------------------------------------------- 100,000 Lowville GO 7.200 09/15/2014 120,007 - ----------------------------------------------------------------------------------------------------------------------------------- 3,830,000 Lyons Community Health Initiatives Corp. 5.550 09/01/2024 4,017,823 - ----------------------------------------------------------------------------------------------------------------------------------- 4,405,000 Macleay Hsg. Corp. (Larchmont Woods) 8.500 01/01/2031 4,587,719 - ----------------------------------------------------------------------------------------------------------------------------------- 750,000 Madison County IDA (Morrisville State College Foundation) 5.000 06/01/2028 780,743 - ----------------------------------------------------------------------------------------------------------------------------------- 1,100,000 Madison County IDA (Morrisville State College Foundation) 5.000 06/01/2032 1,137,081 - ----------------------------------------------------------------------------------------------------------------------------------- 1,290,000 Madison County IDA (Oneida Healthcare Center) 5.300 02/01/2021 1,325,604 - ----------------------------------------------------------------------------------------------------------------------------------- 5,500,000 Madison County IDA (Oneida Healthcare Center) 5.350 02/01/2031 5,586,845 - ----------------------------------------------------------------------------------------------------------------------------------- 2,605,000 Middletown Hsg. Authority (Summitfield & Moore Heights) 4.800 07/01/2039 2,476,626 - ----------------------------------------------------------------------------------------------------------------------------------- 670,000 Middletown IDA (Flanagan Design & Display) 7.500 11/01/2018 693,638 - ----------------------------------------------------------------------------------------------------------------------------------- 3,955,000 Middletown IDA (Southwinds Retirement Home) 6.375 03/01/2018 4,000,087 - ----------------------------------------------------------------------------------------------------------------------------------- 240,000 Middletown IDA (YMCA) 6.250 11/01/2009 241,258 - ----------------------------------------------------------------------------------------------------------------------------------- 1,255,000 Middletown IDA (YMCA) 7.000 11/01/2019 1,264,086 - ----------------------------------------------------------------------------------------------------------------------------------- 170,000 Monroe County COP 8.050 01/01/2011 172,746 - ----------------------------------------------------------------------------------------------------------------------------------- 570,000 Monroe County IDA (Canal Ponds) 7.000 06/15/2013 580,271 - ----------------------------------------------------------------------------------------------------------------------------------- 50,000 Monroe County IDA (Cloverwood Senior Living) 6.750 05/01/2023 48,614 - ----------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Monroe County IDA (Cloverwood Senior Living) 6.875 05/01/2033 968,390 - ----------------------------------------------------------------------------------------------------------------------------------- 852,760 Monroe County IDA (Cottrone Devel.) 9.500 12/01/2010 867,359 - ----------------------------------------------------------------------------------------------------------------------------------- 950,000 Monroe County IDA (Dayton Rogers Manufacturing) 6.100 12/01/2009 962,094 - ----------------------------------------------------------------------------------------------------------------------------------- 4,225,000 Monroe County IDA (DePaul Community Facilities) 5.875 02/01/2028 3,895,408 - ----------------------------------------------------------------------------------------------------------------------------------- 5,195,000 Monroe County IDA (DePaul Community Facilities) 5.950 08/01/2028 4,913,223 - ----------------------------------------------------------------------------------------------------------------------------------- 725,000 Monroe County IDA (DePaul Community Facilities) 6.450 02/01/2014 731,358 - ----------------------------------------------------------------------------------------------------------------------------------- 1,285,000 Monroe County IDA (DePaul Community Facilities) 6.500 02/01/2024 1,295,229 - ----------------------------------------------------------------------------------------------------------------------------------- 4,485,000 Monroe County IDA (DePaul Properties) 6.150 09/01/2021 4,312,597 - ----------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Monroe County IDA (Highland Hospital of Rochester) 5.000 08/01/2022 1,003,470 - ----------------------------------------------------------------------------------------------------------------------------------- 1,250,000 Monroe County IDA (Highland Hospital of Rochester) 5.000 08/01/2025 1,243,350 - ----------------------------------------------------------------------------------------------------------------------------------- 535,000 Monroe County IDA (Melles Griot) 9.500 12/01/2009 538,023 - ----------------------------------------------------------------------------------------------------------------------------------- 300,000 Monroe County IDA (Morrell/Morrell) 7.000 12/01/2007 300,081 - ----------------------------------------------------------------------------------------------------------------------------------- 2,525,000 Monroe County IDA (Parma Senior Hsg. Assoc.) 6.500 12/01/2042 2,475,131 - ----------------------------------------------------------------------------------------------------------------------------------- 4,330,000 Monroe County IDA (Piano Works) 7.625 11/01/2016 4,394,041 - ----------------------------------------------------------------------------------------------------------------------------------- 2,890,000 Monroe County IDA (Rochester Institute of Technology) 5.375 04/01/2029 2,900,953 - ----------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Monroe County IDA (Southview Towers) 6.125 02/01/2020 1,049,230 - ----------------------------------------------------------------------------------------------------------------------------------- 1,465,000 Monroe County IDA (St. John Fisher College) 5.200 06/01/2019 1,509,844 - ----------------------------------------------------------------------------------------------------------------------------------- 2,190,000 Monroe County IDA (St. John Fisher College) 5.250 06/01/2026 2,229,595 - ----------------------------------------------------------------------------------------------------------------------------------- 3,075,000 Monroe County IDA (St. John Fisher College) 5.375 06/01/2024 3,133,702 - ----------------------------------------------------------------------------------------------------------------------------------- 2,175,000 Monroe County IDA (Summit at Brighton) 5.375 07/01/2032 2,017,791 - ----------------------------------------------------------------------------------------------------------------------------------- 3,660,000 Monroe County IDA (Summit at Brighton) 5.500 07/01/2027 3,521,103 - ----------------------------------------------------------------------------------------------------------------------------------- 855,000 Monroe County IDA (Volunteers of America) 5.700 08/01/2018 860,036 - ----------------------------------------------------------------------------------------------------------------------------------- 2,765,000 Monroe County IDA (Volunteers of America) 5.750 08/01/2028 2,755,101 - ----------------------------------------------------------------------------------------------------------------------------------- 650,000,000 Monroe County Tobacco Asset Securitization Corp. (TASC) 7.701 2 06/01/2061 11,362,000 - -----------------------------------------------------------------------------------------------------------------------------------
5 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ----------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ----------------------------------------------------------------------------------------------------------------------------------- $ 2,265,000 Monroe Newpower Corp. 5.500% 01/01/2034 $ 2,270,844 - ----------------------------------------------------------------------------------------------------------------------------------- 580,000 Monroe Newpower Corp. 5.625 01/01/2026 590,486 - ----------------------------------------------------------------------------------------------------------------------------------- 500,000 Mount Vernon IDA (Kings Court) 5.200 12/01/2033 500,125 - ----------------------------------------------------------------------------------------------------------------------------------- 3,275,000 Mount Vernon IDA (Macedonia Towers) 5.200 12/01/2033 3,275,819 - ----------------------------------------------------------------------------------------------------------------------------------- 2,295,000 Mount Vernon IDA (Meadowview) 6.150 06/01/2019 2,340,372 - ----------------------------------------------------------------------------------------------------------------------------------- 2,600,000 Mount Vernon IDA (Meadowview) 6.200 06/01/2029 2,634,138 - ----------------------------------------------------------------------------------------------------------------------------------- 8,880,000 MTA Service Contract, Series A 4 5.125 01/01/2024 9,312,767 - ----------------------------------------------------------------------------------------------------------------------------------- 15,895,000 MTA Service Contract, Series A 5.125 01/01/2024 16,669,563 - ----------------------------------------------------------------------------------------------------------------------------------- 162,430,000 MTA Service Contract, Series A 5.125 01/01/2029 167,783,693 - ----------------------------------------------------------------------------------------------------------------------------------- 20,000,000 MTA Service Contract, Series A 5.750 07/01/2031 21,465,600 - ----------------------------------------------------------------------------------------------------------------------------------- 33,290,000 MTA Service Contract, Series B 5.250 01/01/2031 34,411,207 - ----------------------------------------------------------------------------------------------------------------------------------- 8,400,000 MTA, Series A 4 4.500 11/15/2034 8,228,052 - ----------------------------------------------------------------------------------------------------------------------------------- 56,800,000 MTA, Series A 4 5.000 11/15/2025 58,914,380 - ----------------------------------------------------------------------------------------------------------------------------------- 7,640,000 MTA, Series A 4 5.000 11/15/2028 7,920,464 - ----------------------------------------------------------------------------------------------------------------------------------- 71,560,000 MTA, Series A 4 5.000 11/15/2030 73,459,560 - ----------------------------------------------------------------------------------------------------------------------------------- 8,500,000 MTA, Series A 4 5.000 11/15/2032 8,741,400 - ----------------------------------------------------------------------------------------------------------------------------------- 3,100,000 MTA, Series A 5.000 11/15/2025 3,242,011 - ----------------------------------------------------------------------------------------------------------------------------------- 14,500,000 MTA, Series A 5.000 11/15/2031 14,987,780 - ----------------------------------------------------------------------------------------------------------------------------------- 20,000 MTA, Series A 5.000 11/15/2032 20,572 - ----------------------------------------------------------------------------------------------------------------------------------- 64,655,000 MTA, Series A 5.000 11/15/2035 66,537,754 - ----------------------------------------------------------------------------------------------------------------------------------- 42,295,000 MTA, Series A 5.125 11/15/2031 43,442,886 - ----------------------------------------------------------------------------------------------------------------------------------- 50,000,000 MTA, Series B 4.750 11/15/2031 50,310,500 - ----------------------------------------------------------------------------------------------------------------------------------- 25,000 MTA, Series B 5.000 01/01/2031 25,716 - ----------------------------------------------------------------------------------------------------------------------------------- 54,900,000 MTA, Series B 5.000 11/15/2031 56,654,604 - ----------------------------------------------------------------------------------------------------------------------------------- 34,845,000 MTA, Series E 5.250 11/15/2031 36,439,159 - ----------------------------------------------------------------------------------------------------------------------------------- 30,000,000 MTA, Series F 4 5.000 11/15/2031 30,878,100 - ----------------------------------------------------------------------------------------------------------------------------------- 9,785,000 MTA, Series F 5.000 11/15/2030 10,117,886 - ----------------------------------------------------------------------------------------------------------------------------------- 132,990,000 MTA, Series F 5.000 11/15/2035 136,511,575 - ----------------------------------------------------------------------------------------------------------------------------------- 802,824 Municipal Assistance Corp. for Troy, NY 5.733 2 07/15/2021 442,171 - ----------------------------------------------------------------------------------------------------------------------------------- 1,218,573 Municipal Assistance Corp. for Troy, NY 5.741 2 01/15/2022 653,131 - ----------------------------------------------------------------------------------------------------------------------------------- 855,000 Nassau County IDA (ALIA-ACDS) 7.500 06/01/2015 907,719 - ----------------------------------------------------------------------------------------------------------------------------------- 2,975,000 Nassau County IDA (ALIA-ACLD) 6.250 09/01/2022 3,024,385 - ----------------------------------------------------------------------------------------------------------------------------------- 210,000 Nassau County IDA (ALIA-ACLD) 7.125 06/01/2017 222,531 - ----------------------------------------------------------------------------------------------------------------------------------- 320,000 Nassau County IDA (ALIA-ACLD) 7.500 06/01/2015 339,731 - ----------------------------------------------------------------------------------------------------------------------------------- 5,460,000 Nassau County IDA (ALIA-CSMR) 7.000 11/01/2016 5,782,195 - ----------------------------------------------------------------------------------------------------------------------------------- 3,115,000 Nassau County IDA (ALIA-CSMR) 7.125 06/01/2017 3,300,872 - ----------------------------------------------------------------------------------------------------------------------------------- 1,600,000 Nassau County IDA (ALIA-CSMR) 7.500 06/01/2015 1,698,656 - ----------------------------------------------------------------------------------------------------------------------------------- 245,000 Nassau County IDA (ALIA-FREE) 7.125 06/01/2012 259,771 - ----------------------------------------------------------------------------------------------------------------------------------- 1,970,000 Nassau County IDA (ALIA-FREE) 7.500 06/01/2015 2,091,470 - ----------------------------------------------------------------------------------------------------------------------------------- 4,030,000 Nassau County IDA (ALIA-FREE) 8.150 06/01/2030 4,288,001 - ----------------------------------------------------------------------------------------------------------------------------------- 6,340,000 Nassau County IDA (ALIA-FREE) 8.250 06/01/2032 6,853,096 - ----------------------------------------------------------------------------------------------------------------------------------- 835,000 Nassau County IDA (ALIA-HH) 7.125 06/01/2017 882,679 - ----------------------------------------------------------------------------------------------------------------------------------- 640,000 Nassau County IDA (ALIA-HHS) 7.125 06/01/2017 676,544 - ----------------------------------------------------------------------------------------------------------------------------------- 200,000 Nassau County IDA (ALIA-LVH) 7.500 06/01/2015 212,332 - ----------------------------------------------------------------------------------------------------------------------------------- 480,000 Nassau County IDA (CNGCS) 7.500 06/01/2030 509,597 - ----------------------------------------------------------------------------------------------------------------------------------- 2,245,000 Nassau County IDA (CNGCS) 8.150 06/01/2030 2,394,472 - ----------------------------------------------------------------------------------------------------------------------------------- 65,000 Nassau County IDA (Keyspan-Glenwood Energy Center) 5.250 06/01/2027 66,143 - ----------------------------------------------------------------------------------------------------------------------------------- 3,805,000 Nassau County IDA (Little Village School) 7.500 12/01/2031 4,070,551 - ----------------------------------------------------------------------------------------------------------------------------------- 3,535,000 Nassau County IDA (New York Water Service Corp.) 5.000 12/01/2035 3,577,349 - -----------------------------------------------------------------------------------------------------------------------------------
6 | ROCHESTER FUND MUNICIPALS Rochester Fund Municipals STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 2,290,000 Nassau County IDA (North Shore CFGA) 6.750% 05/01/2024 $ 2,303,900 - ---------------------------------------------------------------------------------------------------------------------------------- 2,050,000 Nassau County IDA (United Cerebral Palsy) 6.250 11/01/2014 2,050,328 - ---------------------------------------------------------------------------------------------------------------------------------- 23,550,000 Nassau County IDA (Westbury Senior Living) 7.900 11/01/2031 26,426,162 - ---------------------------------------------------------------------------------------------------------------------------------- 750,000 Nassau County IDA, Series A-A 6.000 07/02/2021 745,470 - ---------------------------------------------------------------------------------------------------------------------------------- 7,725,000 Nassau County IDA, Series A-B 6.000 07/01/2021 7,678,341 - ---------------------------------------------------------------------------------------------------------------------------------- 710,000 Nassau County IDA, Series A-C 6.000 07/01/2021 705,712 - ---------------------------------------------------------------------------------------------------------------------------------- 800,000 Nassau County IDA, Series A-D 6.000 07/01/2021 795,168 - ---------------------------------------------------------------------------------------------------------------------------------- 1,675,000 Nassau County Interim Finance Authority 5.125 11/15/2021 1,678,534 - ---------------------------------------------------------------------------------------------------------------------------------- 40,000,000 Nassau County Tobacco Settlement Corp. 4 5.125 06/01/2045 37,726,000 - ---------------------------------------------------------------------------------------------------------------------------------- 3,000,000 Nassau County Tobacco Settlement Corp. 0.000 5 06/01/2026 2,592,930 - ---------------------------------------------------------------------------------------------------------------------------------- 82,570,000 Nassau County Tobacco Settlement Corp. 5.125 06/01/2046 77,875,896 - ---------------------------------------------------------------------------------------------------------------------------------- 20,000,000 Nassau County Tobacco Settlement Corp. 5.820 2 06/01/2046 1,626,200 - ---------------------------------------------------------------------------------------------------------------------------------- 75,975,000 Nassau County Tobacco Settlement Corp. 6.000 2 06/01/2046 5,862,231 - ---------------------------------------------------------------------------------------------------------------------------------- 895,215,000 Nassau County Tobacco Settlement Corp. 6.400 2 06/01/2060 22,514,657 - ---------------------------------------------------------------------------------------------------------------------------------- 40,000,000 Nassau County Tobacco Settlement Corp. 7.351 2 06/01/2060 780,400 - ---------------------------------------------------------------------------------------------------------------------------------- 52,475,000 Nassau County Tobacco Settlement Corp. (TASC) 5.000 06/01/2035 49,365,856 - ---------------------------------------------------------------------------------------------------------------------------------- 7,155,000 Nassau IDA (EBS North Hills LLC) 7.800 05/01/2045 7,476,760 - ---------------------------------------------------------------------------------------------------------------------------------- 3,340,000 Nassau IDA (EBS North Hills LLC) 7.800 05/01/2045 3,490,200 - ---------------------------------------------------------------------------------------------------------------------------------- 4,290,000 Nassau IDA (EBS North Hills LLC) 7.800 05/01/2045 4,482,921 - ---------------------------------------------------------------------------------------------------------------------------------- 4,775,000 Nassau IDA (EBS North Hills LLC) 7.800 05/01/2045 4,989,732 - ---------------------------------------------------------------------------------------------------------------------------------- 4,775,000 Nassau IDA (EBS North Hills LLC) 7.800 05/01/2045 4,989,732 - ---------------------------------------------------------------------------------------------------------------------------------- 2,000,000 New Hartford-Sunset Wood Funding Corp. 5.500 02/01/2029 2,079,560 - ---------------------------------------------------------------------------------------------------------------------------------- 13,010,000 New Rochelle IDA (College of New Rochelle) 5.250 07/01/2027 13,167,941 - ---------------------------------------------------------------------------------------------------------------------------------- 5,955,000 New Rochelle IDA (College of New Rochelle) 5.500 07/01/2019 6,143,833 - ---------------------------------------------------------------------------------------------------------------------------------- 3,670,000 New Rochelle IDA (Soundview Apartments) 5.375 04/01/2036 3,722,444 - ---------------------------------------------------------------------------------------------------------------------------------- 4,540,000 Newark-Wayne Community Hospital 5.875 01/15/2033 4,547,309 - ---------------------------------------------------------------------------------------------------------------------------------- 2,020,000 Newark-Wayne Community Hospital 7.600 09/01/2015 2,022,222 - ---------------------------------------------------------------------------------------------------------------------------------- 500,000 Niagara County IDA (Affinity Foxwood Place) 5.000 07/20/2038 491,855 - ---------------------------------------------------------------------------------------------------------------------------------- 2,810,000 Niagara County IDA (Affinity Foxwood Place) 5.000 07/20/2048 2,734,495 - ---------------------------------------------------------------------------------------------------------------------------------- 3,300,000 Niagara County IDA (American Ref-Fuel Company) 5.550 11/15/2024 3,398,307 - ---------------------------------------------------------------------------------------------------------------------------------- 3,635,000 Niagara County IDA (Niagara Falls Memorial Medical Center) 5.250 06/01/2018 3,547,760 - ---------------------------------------------------------------------------------------------------------------------------------- 1,500,000 Niagara County IDA (Niagara University) 5.350 11/01/2023 1,539,945 - ---------------------------------------------------------------------------------------------------------------------------------- 5,400,000 Niagara County IDA (Niagara University) 6 5.400 11/01/2031 5,497,740 - ---------------------------------------------------------------------------------------------------------------------------------- 2,550,000 Niagara County IDA (Solid Waste Disposal) 5.550 11/15/2024 2,610,180 - ---------------------------------------------------------------------------------------------------------------------------------- 6,800,000 Niagara County IDA (Solid Waste Disposal) 6 5.625 11/15/2024 6,934,028 - ---------------------------------------------------------------------------------------------------------------------------------- 20,000 Niagara County Tobacco Asset Securitization Corp. 5.750 05/15/2022 20,389 - ---------------------------------------------------------------------------------------------------------------------------------- 1,395,000 Niagara County Tobacco Asset Securitization Corp. 6.250 05/15/2034 1,439,766 - ---------------------------------------------------------------------------------------------------------------------------------- 6,295,000 Niagara County Tobacco Asset Securitization Corp. 6.250 05/15/2040 6,476,107 - ---------------------------------------------------------------------------------------------------------------------------------- 295,000 Niagara Frontier Transportation Authority (Buffalo Niagara International Airport) 5.000 04/01/2028 296,932 - ---------------------------------------------------------------------------------------------------------------------------------- 1,235,000 Niagara Frontier Transportation Authority (Buffalo Niagara International Airport) 5.625 04/01/2029 1,273,977 - ---------------------------------------------------------------------------------------------------------------------------------- 715,000 North Babylon Volunteer Fire Company 5.750 08/01/2022 733,654 - ---------------------------------------------------------------------------------------------------------------------------------- 135,000 North Tonawanda HDC (Bishop Gibbons Associates) 6.800 12/15/2007 135,440 - ---------------------------------------------------------------------------------------------------------------------------------- 3,295,000 North Tonawanda HDC (Bishop Gibbons Associates) 7.375 12/15/2021 3,717,353 - ---------------------------------------------------------------------------------------------------------------------------------- 25,000 Nunda GO 8.000 05/01/2010 27,273 - ---------------------------------------------------------------------------------------------------------------------------------- 64,825,000 NY Convention Center Devel. Corp. (Hotel Unit Fee) 5.000 11/15/2044 66,329,588 - ----------------------------------------------------------------------------------------------------------------------------------
7 | ROCHESTER FUND MUNICIPALS Rochester Fund Municipals STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 315,000 NY Counties Tobacco Trust I 6.500% 06/01/2035 $ 327,301 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000 NY Counties Tobacco Trust I 6.625 06/01/2042 5,185 - ---------------------------------------------------------------------------------------------------------------------------------- 10,680,000 NY Counties Tobacco Trust I (TASC) 4 6.250 06/01/2028 11,084,345 - ---------------------------------------------------------------------------------------------------------------------------------- 5,920,000 NY Counties Tobacco Trust I (TASC) 4 6.500 06/01/2035 6,151,176 - ---------------------------------------------------------------------------------------------------------------------------------- 1,185,000 NY Counties Tobacco Trust I (TASC) Fixed Receipts 6.225 06/01/2028 1,229,864 - ---------------------------------------------------------------------------------------------------------------------------------- 19,230,000 NY Counties Tobacco Trust I (TASC) P-Floats 4 6.625 7 12/01/2022 20,015,738 - ---------------------------------------------------------------------------------------------------------------------------------- 29,800,000 NY Counties Tobacco Trust II (TASC) 4 5.625 06/01/2035 30,052,853 - ---------------------------------------------------------------------------------------------------------------------------------- 53,850,000 NY Counties Tobacco Trust II (TASC) 4 5.750 06/01/2043 54,471,249 - ---------------------------------------------------------------------------------------------------------------------------------- 245,000 NY Counties Tobacco Trust III 6.000 06/01/2043 251,299 - ---------------------------------------------------------------------------------------------------------------------------------- 7,000,000 NY Counties Tobacco Trust IV 5.000 06/01/2038 6,567,190 - ---------------------------------------------------------------------------------------------------------------------------------- 131,335,000 NY Counties Tobacco Trust IV 5.920 2 06/01/2050 7,775,032 - ---------------------------------------------------------------------------------------------------------------------------------- 304,690,000 NY Counties Tobacco Trust IV 6.395 2 06/01/2055 10,871,339 - ---------------------------------------------------------------------------------------------------------------------------------- 608,700,000 NY Counties Tobacco Trust IV 6.816 2 06/01/2060 11,875,737 - ---------------------------------------------------------------------------------------------------------------------------------- 45,020,000 NY Counties Tobacco Trust IV (TASC) 4 5.000 06/01/2042 41,711,255 - ---------------------------------------------------------------------------------------------------------------------------------- 31,850,000 NY Counties Tobacco Trust IV (TASC) 4 5.000 06/01/2045 29,421,915 - ---------------------------------------------------------------------------------------------------------------------------------- 82,500,000 NY Counties Tobacco Trust IV (TASC) 0.000 5 06/01/2041 72,486,150 - ---------------------------------------------------------------------------------------------------------------------------------- 7,135,000 NY Counties Tobacco Trust IV (TASC) 5.000 06/01/2042 6,610,578 - ---------------------------------------------------------------------------------------------------------------------------------- 82,500,000 NY Counties Tobacco Trust IV (TASC) 6.650 06/01/2041 12,045,825 - ---------------------------------------------------------------------------------------------------------------------------------- 212,995,000 NY Counties Tobacco Trust V 6.043 2 06/01/2038 29,540,277 - ---------------------------------------------------------------------------------------------------------------------------------- 522,925,000 NY Counties Tobacco Trust V 6.147 2 06/01/2050 30,957,160 - ---------------------------------------------------------------------------------------------------------------------------------- 643,195,000 NY Counties Tobacco Trust V 6.850 2 06/01/2055 22,949,198 - ---------------------------------------------------------------------------------------------------------------------------------- 3,845,000,000 NY Counties Tobacco Trust V 7.846 2 06/01/2060 68,056,500 - ---------------------------------------------------------------------------------------------------------------------------------- 2,500,000 NY Liberty Devel. Corp. (National Sports Museum) 6.125 02/15/2019 2,549,975 - ---------------------------------------------------------------------------------------------------------------------------------- 25,000 NYC GO 0.000 5 03/15/2029 23,088 - ---------------------------------------------------------------------------------------------------------------------------------- 15,000 NYC GO 5.000 06/01/2020 15,724 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000 NYC GO 5.000 03/15/2021 5,096 - ---------------------------------------------------------------------------------------------------------------------------------- 950,000 NYC GO 5.000 03/01/2023 984,827 - ---------------------------------------------------------------------------------------------------------------------------------- 2,000,000 NYC GO 5.000 01/01/2024 2,080,280 - ---------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYC GO 5.000 03/01/2024 1,033,460 - ---------------------------------------------------------------------------------------------------------------------------------- 400,000 NYC GO 5.000 06/01/2024 413,752 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000,000 NYC GO 5.000 08/01/2024 5,175,050 - ---------------------------------------------------------------------------------------------------------------------------------- 25,000 NYC GO 5.000 03/01/2025 25,662 - ---------------------------------------------------------------------------------------------------------------------------------- 5,700,000 NYC GO 5.000 08/01/2025 5,898,075 - ---------------------------------------------------------------------------------------------------------------------------------- 3,205,000 NYC GO 5.000 11/01/2025 3,306,150 - ---------------------------------------------------------------------------------------------------------------------------------- 3,000,000 NYC GO 5.000 04/01/2026 3,095,640 - ---------------------------------------------------------------------------------------------------------------------------------- 1,445,000 NYC GO 5.000 04/01/2026 1,496,124 - ---------------------------------------------------------------------------------------------------------------------------------- 6,965,000 NYC GO 5.000 06/01/2026 7,214,904 - ---------------------------------------------------------------------------------------------------------------------------------- 8,760,000 NYC GO 5.000 08/01/2026 9,064,410 - ---------------------------------------------------------------------------------------------------------------------------------- 705,000 NYC GO 5.000 08/01/2026 730,697 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000,000 NYC GO 5.000 08/01/2026 5,198,750 - ---------------------------------------------------------------------------------------------------------------------------------- 3,600,000 NYC GO 5.000 08/01/2027 3,720,024 - ---------------------------------------------------------------------------------------------------------------------------------- 2,500,000 NYC GO 5.000 08/01/2028 2,578,100 - ---------------------------------------------------------------------------------------------------------------------------------- 35,000 NYC GO 5.000 08/15/2028 35,812 - ---------------------------------------------------------------------------------------------------------------------------------- 75,000 NYC GO 5.000 08/15/2028 76,311 - ---------------------------------------------------------------------------------------------------------------------------------- 20,000 NYC GO 5.000 09/15/2028 20,502 - ---------------------------------------------------------------------------------------------------------------------------------- 360,000 NYC GO 5.000 03/15/2029 364,842 - ---------------------------------------------------------------------------------------------------------------------------------- 15,000 NYC GO 5.000 03/15/2029 15,261 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000 NYC GO 5.000 03/15/2029 5,159 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000 NYC GO 5.000 03/15/2029 5,159 - ----------------------------------------------------------------------------------------------------------------------------------
8 | ROCHESTER FUND MUNICIPALS Rochester Fund Municipals STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 8,000,000 NYC GO 5.000% 06/01/2029 $ 8,240,720 - ---------------------------------------------------------------------------------------------------------------------------------- 350,000 NYC GO 5.000 10/15/2029 358,330 - ---------------------------------------------------------------------------------------------------------------------------------- 51,020,000 NYC GO 5.000 03/01/2030 52,286,316 - ---------------------------------------------------------------------------------------------------------------------------------- 20,000,000 NYC GO 5.000 04/01/2030 20,496,600 - ---------------------------------------------------------------------------------------------------------------------------------- 46,570,000 NYC GO 5.000 06/01/2030 47,724,005 - ---------------------------------------------------------------------------------------------------------------------------------- 10,920,000 NYC GO 5.000 08/01/2030 11,191,144 - ---------------------------------------------------------------------------------------------------------------------------------- 2,000,000 NYC GO 5.000 08/01/2030 2,052,280 - ---------------------------------------------------------------------------------------------------------------------------------- 2,905,000 NYC GO 5.000 06/01/2031 2,979,019 - ---------------------------------------------------------------------------------------------------------------------------------- 60,000 NYC GO 5.000 03/01/2033 60,980 - ---------------------------------------------------------------------------------------------------------------------------------- 27,475,000 NYC GO 5.000 06/01/2033 28,079,175 - ---------------------------------------------------------------------------------------------------------------------------------- 115,000 NYC GO 5.000 10/15/2033 117,068 - ---------------------------------------------------------------------------------------------------------------------------------- 12,455,000 NYC GO 5.000 12/01/2033 12,713,815 - ---------------------------------------------------------------------------------------------------------------------------------- 30,150,000 NYC GO 5.000 11/01/2034 30,761,744 - ---------------------------------------------------------------------------------------------------------------------------------- 30,000,000 NYC GO 5.000 03/01/2035 30,585,900 - ---------------------------------------------------------------------------------------------------------------------------------- 34,405,000 NYC GO 5.000 04/01/2035 35,084,155 - ---------------------------------------------------------------------------------------------------------------------------------- 5,400,000 NYC GO 5.000 08/01/2035 5,510,214 - ---------------------------------------------------------------------------------------------------------------------------------- 4,605,000 NYC GO 5.000 08/01/2036 4,705,389 - ---------------------------------------------------------------------------------------------------------------------------------- 60,000 NYC GO 5.100 11/01/2019 62,520 - ---------------------------------------------------------------------------------------------------------------------------------- 5,285,000 NYC GO 5.100 08/15/2027 5,475,313 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000 NYC GO 6 5.250 08/01/2021 5,057 - ---------------------------------------------------------------------------------------------------------------------------------- 975,000 NYC GO 5.250 10/15/2021 1,061,980 - ---------------------------------------------------------------------------------------------------------------------------------- 2,735,000 NYC GO 5.250 10/15/2021 2,883,155 - ---------------------------------------------------------------------------------------------------------------------------------- 265,000 NYC GO 5.250 08/15/2023 270,478 - ---------------------------------------------------------------------------------------------------------------------------------- 530,000 NYC GO 5.250 08/01/2024 537,473 - ---------------------------------------------------------------------------------------------------------------------------------- 4,080,000 NYC GO 5.250 06/01/2027 4,381,226 - ---------------------------------------------------------------------------------------------------------------------------------- 25,530,000 NYC GO 5.250 06/01/2027 26,441,676 - ---------------------------------------------------------------------------------------------------------------------------------- 2,395,000 NYC GO 5.250 06/01/2028 2,596,731 - ---------------------------------------------------------------------------------------------------------------------------------- 1,690,000 NYC GO 6 5.250 06/01/2028 1,759,527 - ---------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYC GO 5.250 09/15/2033 1,038,040 - ---------------------------------------------------------------------------------------------------------------------------------- 75,000 NYC GO 5.375 08/01/2022 75,835 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000 NYC GO 5.375 12/01/2026 5,264 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000 NYC GO 5.375 03/01/2027 5,435 - ---------------------------------------------------------------------------------------------------------------------------------- 515,000 NYC GO 6 5.375 08/01/2027 526,098 - ---------------------------------------------------------------------------------------------------------------------------------- 50,000 NYC GO 5.375 11/15/2027 50,595 - ---------------------------------------------------------------------------------------------------------------------------------- 37,945,000 NYC GO 5.375 06/01/2032 39,368,696 - ---------------------------------------------------------------------------------------------------------------------------------- 11,500,000 NYC GO 5.500 08/01/2020 12,439,780 - ---------------------------------------------------------------------------------------------------------------------------------- 11,860,000 NYC GO 5.500 08/01/2021 12,829,199 - ---------------------------------------------------------------------------------------------------------------------------------- 850,000 NYC GO 5.500 06/01/2028 891,081 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000 NYC GO 5.500 12/01/2031 5,301 - ---------------------------------------------------------------------------------------------------------------------------------- 3,705,000 NYC GO 6 5.500 11/15/2037 3,749,423 - ---------------------------------------------------------------------------------------------------------------------------------- 275,000 NYC GO 5.750 08/01/2012 278,212 - ---------------------------------------------------------------------------------------------------------------------------------- 20,000 NYC GO 5.750 08/01/2013 20,234 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000 NYC GO 5.950 08/01/2014 5,145 - ---------------------------------------------------------------------------------------------------------------------------------- 12,880,000 NYC GO 6.000 01/15/2021 14,117,124 - ---------------------------------------------------------------------------------------------------------------------------------- 40,000 NYC GO 6.154 2 10/01/2012 33,225 - ---------------------------------------------------------------------------------------------------------------------------------- 200,000 NYC GO 6.343 2 05/15/2012 168,390 - ---------------------------------------------------------------------------------------------------------------------------------- 335,000 NYC GO 6.350 05/15/2014 343,928 - ---------------------------------------------------------------------------------------------------------------------------------- 20,000 NYC GO 7.000 02/01/2010 20,226 - ---------------------------------------------------------------------------------------------------------------------------------- 15,000 NYC GO 7.250 08/15/2024 15,041 - ----------------------------------------------------------------------------------------------------------------------------------
9 | ROCHESTER FUND MUNICIPALS Rochester Fund Municipals STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 5,000 NYC GO 7.750% 08/15/2028 $ 5,072 - ---------------------------------------------------------------------------------------------------------------------------------- 50,000 NYC GO PRAMS 5.500 7 08/01/2022 50,565 - ---------------------------------------------------------------------------------------------------------------------------------- 837,000 NYC GO RIBS 8.070 8 08/12/2010 850,894 - ---------------------------------------------------------------------------------------------------------------------------------- 837,000 NYC GO RIBS 8.070 8 09/01/2011 850,894 - ---------------------------------------------------------------------------------------------------------------------------------- 1,005,000 NYC HDC (Barclay Avenue) 6.450 04/01/2017 1,011,161 - ---------------------------------------------------------------------------------------------------------------------------------- 4,055,000 NYC HDC (Barclay Avenue) 6.600 04/01/2033 4,078,762 - ---------------------------------------------------------------------------------------------------------------------------------- 320,418 NYC HDC (Bay Towers) 6.500 08/15/2017 320,957 - ---------------------------------------------------------------------------------------------------------------------------------- 49,680 NYC HDC (Beekman) 6.500 10/15/2017 50,210 - ---------------------------------------------------------------------------------------------------------------------------------- 332,441 NYC HDC (Bridgeview III) 6.500 12/15/2017 349,838 - ---------------------------------------------------------------------------------------------------------------------------------- 944,782 NYC HDC (Cadman Towers) 6.500 11/15/2018 994,194 - ---------------------------------------------------------------------------------------------------------------------------------- 784,417 NYC HDC (Court Plaza) 6.500 08/15/2017 785,476 - ---------------------------------------------------------------------------------------------------------------------------------- 2,616,609 NYC HDC (East Midtown Plaza) 6.500 11/15/2018 2,620,952 - ---------------------------------------------------------------------------------------------------------------------------------- 60,842 NYC HDC (Essex Terrace) 6.500 07/15/2018 60,937 - ---------------------------------------------------------------------------------------------------------------------------------- 356,923 NYC HDC (Forest Park Crescent) 6.500 12/15/2017 375,551 - ---------------------------------------------------------------------------------------------------------------------------------- 287,690 NYC HDC (Kingsbridge Arms) 6.500 08/15/2017 288,173 - ---------------------------------------------------------------------------------------------------------------------------------- 3,450,000 NYC HDC (Linden Boulevard Apartments) 4.750 01/15/2039 3,254,247 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000,000 NYC HDC (Multifamily Hsg.) 4.700 11/01/2040 4,706,000 - ---------------------------------------------------------------------------------------------------------------------------------- 3,365,000 NYC HDC (Multifamily Hsg.) 4.750 11/01/2035 3,365,976 - ---------------------------------------------------------------------------------------------------------------------------------- 1,595,000 NYC HDC (Multifamily Hsg.) 5.050 11/01/2022 1,622,227 - ---------------------------------------------------------------------------------------------------------------------------------- 60,000 NYC HDC (Multifamily Hsg.) 5.050 11/01/2023 60,466 - ---------------------------------------------------------------------------------------------------------------------------------- 3,185,000 NYC HDC (Multifamily Hsg.) 5.050 11/01/2039 3,152,386 - ---------------------------------------------------------------------------------------------------------------------------------- 2,435,000 NYC HDC (Multifamily Hsg.) 5.100 11/01/2027 2,456,038 - ---------------------------------------------------------------------------------------------------------------------------------- 3,000,000 NYC HDC (Multifamily Hsg.) 5.125 11/01/2032 3,017,940 - ---------------------------------------------------------------------------------------------------------------------------------- 4,250,000 NYC HDC (Multifamily Hsg.) 5.150 11/01/2037 4,267,340 - ---------------------------------------------------------------------------------------------------------------------------------- 6,750,000 NYC HDC (Multifamily Hsg.) 5.200 11/01/2040 6,797,858 - ---------------------------------------------------------------------------------------------------------------------------------- 8,500,000 NYC HDC (Multifamily Hsg.) 5.250 11/01/2030 8,798,520 - ---------------------------------------------------------------------------------------------------------------------------------- 7,205,000 NYC HDC (Multifamily Hsg.) 5.250 11/01/2045 7,261,343 - ---------------------------------------------------------------------------------------------------------------------------------- 15,000 NYC HDC (Multifamily Hsg.) 5.400 11/01/2033 15,172 - ---------------------------------------------------------------------------------------------------------------------------------- 3,000,000 NYC HDC (Multifamily Hsg.), Series A 5.500 11/01/2034 3,047,820 - ---------------------------------------------------------------------------------------------------------------------------------- 10,470,000 NYC HDC (Multifamily Hsg.), Series A 5.600 11/01/2042 10,774,049 - ---------------------------------------------------------------------------------------------------------------------------------- 31,900,000 NYC HDC (Multifamily Hsg.), Series B 5.350 05/01/2049 32,313,743 - ---------------------------------------------------------------------------------------------------------------------------------- 11,250,000 NYC HDC (Multifamily Hsg.), Series C 5.050 11/01/2036 11,368,575 - ---------------------------------------------------------------------------------------------------------------------------------- 8,365,000 NYC HDC (Multifamily Hsg.), Series C 5.125 05/01/2040 8,375,540 - ---------------------------------------------------------------------------------------------------------------------------------- 385,000 NYC HDC (Multifamily Hsg.), Series C 5.700 05/01/2031 392,334 - ---------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYC HDC (Multifamily Hsg.), Series E 5.200 11/01/2033 1,006,840 - ---------------------------------------------------------------------------------------------------------------------------------- 11,000,000 NYC HDC (Multifamily Hsg.), Series E-1 4.950 11/01/2033 11,233,640 - ---------------------------------------------------------------------------------------------------------------------------------- 2,155,000 NYC HDC (Multifamily Hsg.), Series F 5.200 11/01/2032 2,169,740 - ---------------------------------------------------------------------------------------------------------------------------------- 3,515,000 NYC HDC (Multifamily Hsg.), Series G-1 4.750 11/01/2027 3,436,932 - ---------------------------------------------------------------------------------------------------------------------------------- 13,180,000 NYC HDC (Multifamily Hsg.), Series G-1 4.875 11/01/2039 12,825,063 - ---------------------------------------------------------------------------------------------------------------------------------- 1,345,000 NYC HDC (Multifamily Hsg.), Series H-2 5.200 11/01/2038 1,354,052 - ---------------------------------------------------------------------------------------------------------------------------------- 3,400,000 NYC HDC (Multifamily Hsg.), Series H-2 5.250 05/01/2046 3,420,434 - ---------------------------------------------------------------------------------------------------------------------------------- 15,510,000 NYC HDC (Multifamily Hsg.), Series I-2 5.200 11/01/2038 15,614,382 - ---------------------------------------------------------------------------------------------------------------------------------- 8,600,000 NYC HDC (Ocean Gate Devel.) 5.150 11/01/2040 8,623,048 - ---------------------------------------------------------------------------------------------------------------------------------- 15,000,000 NYC HDC (Progress of Peoples Devel.) 6 4.950 05/15/2036 14,695,500 - ---------------------------------------------------------------------------------------------------------------------------------- 5,185,000 NYC HDC (Seaview Towers) 4.750 07/15/2039 4,904,440 - ---------------------------------------------------------------------------------------------------------------------------------- 271,222 NYC HDC (St. Martin Tower) 6.500 11/15/2018 285,426 - ---------------------------------------------------------------------------------------------------------------------------------- 1,241,772 NYC HDC (Tivoli Towers) 6.500 01/15/2018 1,305,748 - ---------------------------------------------------------------------------------------------------------------------------------- 184,185 NYC HDC (Westview Apartments) 6.500 10/15/2017 184,494 - ---------------------------------------------------------------------------------------------------------------------------------- 2,750,000 NYC HDC, Series C 5.000 11/01/2026 2,754,400 - ---------------------------------------------------------------------------------------------------------------------------------- 23,500,000 NYC Health & Hospital Corp. 4 5.000 02/15/2020 24,134,735 - ---------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYC Health & Hospital Corp. 5.375 02/15/2026 1,023,610 - ----------------------------------------------------------------------------------------------------------------------------------
10 | ROCHESTER FUND MUNICIPALS Rochester Fund Municipals STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 1,165,000 NYC IDA (A Very Special Place) 5.750% 01/01/2029 $ 1,144,694 - ---------------------------------------------------------------------------------------------------------------------------------- 3,535,000 NYC IDA (Acme Architectural Products) 6.375 11/01/2019 3,519,517 - ---------------------------------------------------------------------------------------------------------------------------------- 38,080,000 NYC IDA (AIRIS JFK I/JFK International Airport) 5.500 07/01/2028 37,727,760 - ---------------------------------------------------------------------------------------------------------------------------------- 22,745,000 NYC IDA (AIRIS JFK I/JFK International Airport) 6.000 07/01/2027 22,993,375 - ---------------------------------------------------------------------------------------------------------------------------------- 280,000 NYC IDA (Allied Metal) 6.375 12/01/2014 282,750 - ---------------------------------------------------------------------------------------------------------------------------------- 940,000 NYC IDA (Allied Metal) 7.125 12/01/2027 955,754 - ---------------------------------------------------------------------------------------------------------------------------------- 3,165,000 NYC IDA (Amboy Properties) 6.750 06/01/2020 3,039,761 - ---------------------------------------------------------------------------------------------------------------------------------- 2,905,000 NYC IDA (American Airlines) 5.400 07/01/2019 2,689,827 - ---------------------------------------------------------------------------------------------------------------------------------- 27,175,000 NYC IDA (American Airlines) 5.400 07/01/2020 25,049,372 - ---------------------------------------------------------------------------------------------------------------------------------- 40,160,000 NYC IDA (American Airlines) 6.900 08/01/2024 40,257,187 - ---------------------------------------------------------------------------------------------------------------------------------- 33,850,000 NYC IDA (American Airlines) 7.625 08/01/2025 38,427,536 - ---------------------------------------------------------------------------------------------------------------------------------- 35,100,000 NYC IDA (American Airlines) 7.750 08/01/2031 40,147,731 - ---------------------------------------------------------------------------------------------------------------------------------- 1,910,000 NYC IDA (American Airlines) 8.000 08/01/2028 2,215,963 - ---------------------------------------------------------------------------------------------------------------------------------- 338,060,000 NYC IDA (American Airlines) 8.500 08/01/2028 380,611,612 - ---------------------------------------------------------------------------------------------------------------------------------- 3,530,000 NYC IDA (American National Red Cross) 5.000 02/01/2036 3,640,277 - ---------------------------------------------------------------------------------------------------------------------------------- 250,000 NYC IDA (Atlantic Paste & Glue Company) 6.000 11/01/2007 250,015 - ---------------------------------------------------------------------------------------------------------------------------------- 4,620,000 NYC IDA (Atlantic Paste & Glue Company) 6.625 11/01/2019 4,697,986 - ---------------------------------------------------------------------------------------------------------------------------------- 1,160,000 NYC IDA (Atlantic Veal & Lamb) 8.375 12/01/2016 1,186,378 - ---------------------------------------------------------------------------------------------------------------------------------- 460,000 NYC IDA (Baco Enterprises) 7.500 11/01/2011 471,978 - ---------------------------------------------------------------------------------------------------------------------------------- 1,685,000 NYC IDA (Baco Enterprises) 8.500 11/01/2021 1,761,246 - ---------------------------------------------------------------------------------------------------------------------------------- 80,000 NYC IDA (Bark Frameworks) 6.000 11/01/2007 80,031 - ---------------------------------------------------------------------------------------------------------------------------------- 1,500,000 NYC IDA (Bark Frameworks) 6.750 11/01/2019 1,510,980 - ---------------------------------------------------------------------------------------------------------------------------------- 10,480,000 NYC IDA (Berkeley Carroll School) 6.100 11/01/2028 10,566,879 - ---------------------------------------------------------------------------------------------------------------------------------- 5,500,000 NYC IDA (Beth Abraham Health Services) 6.500 02/15/2022 5,691,565 - ---------------------------------------------------------------------------------------------------------------------------------- 1,035,000 NYC IDA (Beth Abraham Health Services) 6.500 11/15/2027 1,095,672 - ---------------------------------------------------------------------------------------------------------------------------------- 4,220,000 NYC IDA (Beth Abraham Health Services) 6.500 11/15/2034 4,439,693 - ---------------------------------------------------------------------------------------------------------------------------------- 50,610,000 NYC IDA (British Airways) 5.250 12/01/2032 46,381,535 - ---------------------------------------------------------------------------------------------------------------------------------- 34,165,000 NYC IDA (British Airways) 7.625 12/01/2032 37,264,107 - ---------------------------------------------------------------------------------------------------------------------------------- 85,920,000 NYC IDA (Brooklyn Navy Yard Cogeneration Partners) 5.650 10/01/2028 84,427,570 - ---------------------------------------------------------------------------------------------------------------------------------- 143,585,000 NYC IDA (Brooklyn Navy Yard Cogeneration Partners) 5.750 10/01/2036 144,015,755 - ---------------------------------------------------------------------------------------------------------------------------------- 21,140,000 NYC IDA (Brooklyn Navy Yard Cogeneration Partners) 6.200 10/01/2022 22,109,480 - ---------------------------------------------------------------------------------------------------------------------------------- 16,205,000 NYC IDA (Calhoun School) 6.625 12/01/2034 17,414,379 - ---------------------------------------------------------------------------------------------------------------------------------- 4,145,000 NYC IDA (Calhoun School) 6.625 12/01/2034 4,496,993 - ---------------------------------------------------------------------------------------------------------------------------------- 2,895,000 NYC IDA (Center for Elimination of Family Violence) 7.375 11/01/2036 3,087,054 - ---------------------------------------------------------------------------------------------------------------------------------- 12,495,000 NYC IDA (Center for Nursing/Rehabilitation) 5.375 08/01/2027 11,908,235 - ---------------------------------------------------------------------------------------------------------------------------------- 3,425,000 NYC IDA (Center for Nursing/Rehabilitation) 5.375 08/01/2027 3,264,162 - ---------------------------------------------------------------------------------------------------------------------------------- 29,135,000 NYC IDA (Chapin School) 5.000 11/01/2038 26,467,108 - ---------------------------------------------------------------------------------------------------------------------------------- 2,235,000 NYC IDA (Chardan Corp.) 7.750 11/01/2020 2,459,930 - ---------------------------------------------------------------------------------------------------------------------------------- 2,505,000 NYC IDA (College of New Rochelle) 5.750 09/01/2017 2,558,206 - ---------------------------------------------------------------------------------------------------------------------------------- 2,975,000 NYC IDA (College of New Rochelle) 5.800 09/01/2026 3,037,981 - ---------------------------------------------------------------------------------------------------------------------------------- 1,690,000 NYC IDA (Community Hospital of Brooklyn) 6.875 11/01/2010 1,691,572 - ---------------------------------------------------------------------------------------------------------------------------------- 1,490,000 NYC IDA (Comprehensive Care Management) 6.000 05/01/2026 1,504,066 - ---------------------------------------------------------------------------------------------------------------------------------- 3,145,000 NYC IDA (Comprehensive Care Management) 6.125 11/01/2035 3,173,148 - ---------------------------------------------------------------------------------------------------------------------------------- 3,975,000 NYC IDA (Comprehensive Care Management) 6.375 11/01/2028 4,028,623 - ---------------------------------------------------------------------------------------------------------------------------------- 1,575,000 NYC IDA (Comprehensive Care Management) 6.375 11/01/2028 1,593,191 - ---------------------------------------------------------------------------------------------------------------------------------- 1,770,000 NYC IDA (Comprehensive Care Management) 7.875 12/01/2016 1,825,649 - ---------------------------------------------------------------------------------------------------------------------------------- 960,000 NYC IDA (Comprehensive Care Management) 8.000 12/01/2011 961,728 - ---------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYC IDA (Continental Airlines) 7.250 11/01/2008 1,010,940 - ---------------------------------------------------------------------------------------------------------------------------------- 4,685,000 NYC IDA (Continental Airlines) 8.375 11/01/2016 5,072,824 - ----------------------------------------------------------------------------------------------------------------------------------
11 | ROCHESTER FUND MUNICIPALS Rochester Fund Municipals STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 1,570,000 NYC IDA (Cool Wind Ventilation) 5.250% 11/01/2017 $ 1,577,709 - ---------------------------------------------------------------------------------------------------------------------------------- 1,745,000 NYC IDA (Cool Wind Ventilation) 5.350 11/01/2017 1,753,568 - ---------------------------------------------------------------------------------------------------------------------------------- 5,685,000 NYC IDA (Cool Wind Ventilation) 5.350 11/01/2027 5,723,260 - ---------------------------------------------------------------------------------------------------------------------------------- 195,000 NYC IDA (Dioni) 6.000 11/01/2007 195,066 - ---------------------------------------------------------------------------------------------------------------------------------- 3,600,000 NYC IDA (Dioni) 6.625 11/01/2019 3,666,564 - ---------------------------------------------------------------------------------------------------------------------------------- 975,000 NYC IDA (Eger Harbor House) 5.875 05/20/2044 1,068,844 - ---------------------------------------------------------------------------------------------------------------------------------- 5,500,000 NYC IDA (Family Support Systems) 7.500 11/01/2034 5,571,170 - ---------------------------------------------------------------------------------------------------------------------------------- 7,315,000 NYC IDA (Friends Seminary School) 7.125 09/15/2031 7,737,807 - ---------------------------------------------------------------------------------------------------------------------------------- 3,280,000 NYC IDA (Gabrielli Truck Sales) 8.125 12/01/2017 3,385,026 - ---------------------------------------------------------------------------------------------------------------------------------- 13,780,000 NYC IDA (Gateway School of New York) 5.550 06/01/2039 13,341,796 - ---------------------------------------------------------------------------------------------------------------------------------- 2,265,000 NYC IDA (Gateway School of New York) 6.500 11/01/2019 2,396,551 - ---------------------------------------------------------------------------------------------------------------------------------- 14,350,000 NYC IDA (General Motors Corp.) 5.125 12/30/2023 13,048,168 - ---------------------------------------------------------------------------------------------------------------------------------- 1,900,000 NYC IDA (Global Country World Peace) 7.250 11/01/2025 1,872,374 - ---------------------------------------------------------------------------------------------------------------------------------- 1,800,000 NYC IDA (Global Country World Peace) 7.250 11/01/2025 1,773,828 - ---------------------------------------------------------------------------------------------------------------------------------- 2,175,000 NYC IDA (Good Shepherd Services) 5.875 06/01/2014 2,214,128 - ---------------------------------------------------------------------------------------------------------------------------------- 4,470,000 NYC IDA (Gourmet Boutique) 5.750 05/01/2021 4,330,491 - ---------------------------------------------------------------------------------------------------------------------------------- 7,290,000 NYC IDA (Guttmacher Institute) 5.750 12/01/2036 6,947,880 - ---------------------------------------------------------------------------------------------------------------------------------- 180,000 NYC IDA (Herbert G. Birch Childhood Project) 7.375 02/01/2009 180,594 - ---------------------------------------------------------------------------------------------------------------------------------- 2,195,000 NYC IDA (Herbert G. Birch Childhood Project) 8.375 02/01/2022 2,243,905 - ---------------------------------------------------------------------------------------------------------------------------------- 900,000 NYC IDA (Independent Living Assoc.) 6.200 07/01/2020 895,194 - ---------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYC IDA (Institute of International Education) 5.250 09/01/2021 1,036,680 - ---------------------------------------------------------------------------------------------------------------------------------- 3,000,000 NYC IDA (Institute of International Education) 5.250 09/01/2031 3,079,800 - ---------------------------------------------------------------------------------------------------------------------------------- 6,800,000 NYC IDA (JetBlue Airways Corp.) 5.000 05/15/2020 6,155,700 - ---------------------------------------------------------------------------------------------------------------------------------- 10,870,000 NYC IDA (JetBlue Airways Corp.) 5.125 05/15/2030 9,535,490 - ---------------------------------------------------------------------------------------------------------------------------------- 9,000,000 NYC IDA (JFK International Airport) 8.000 08/01/2012 9,923,940 - ---------------------------------------------------------------------------------------------------------------------------------- 1,605,000 NYC IDA (Julia Gray) 7.500 11/01/2020 1,661,352 - ---------------------------------------------------------------------------------------------------------------------------------- 755,000 NYC IDA (Just Bagels Manufacturing) 8.500 11/01/2016 813,097 - ---------------------------------------------------------------------------------------------------------------------------------- 990,000 NYC IDA (Just Bagels Manufacturing) 8.750 11/01/2026 1,063,369 - ---------------------------------------------------------------------------------------------------------------------------------- 805,000 NYC IDA (L&M Optical Disc) 7.125 11/01/2010 805,757 - ---------------------------------------------------------------------------------------------------------------------------------- 4,175,000 NYC IDA (Liberty-7 World Trade Center) 6.250 03/01/2015 4,366,299 - ---------------------------------------------------------------------------------------------------------------------------------- 7,000,000 NYC IDA (Liberty-7 World Trade Center) 1 6.750 03/01/2015 7,368,340 - ---------------------------------------------------------------------------------------------------------------------------------- 45,500,000 NYC IDA (Liberty-IAC/Interactive Corp.) 5.000 09/01/2035 43,450,225 - ---------------------------------------------------------------------------------------------------------------------------------- 3,025,000 NYC IDA (Little Red Schoolhouse) 6.750 11/01/2018 3,148,208 - ---------------------------------------------------------------------------------------------------------------------------------- 300,000 NYC IDA (Lucky Polyethylene Manufacturing Company) 7.000 11/01/2009 296,205 - ---------------------------------------------------------------------------------------------------------------------------------- 2,995,000 NYC IDA (Lucky Polyethylene Manufacturing Company) 7.800 11/01/2024 2,884,754 - ---------------------------------------------------------------------------------------------------------------------------------- 2,035,000 NYC IDA (Lycee Francais De New York) 5.375 06/01/2023 2,064,182 - ---------------------------------------------------------------------------------------------------------------------------------- 23,000,000 NYC IDA (Magen David Yeshivah) 5.700 06/15/2027 23,693,910 - ---------------------------------------------------------------------------------------------------------------------------------- 3,745,000 NYC IDA (Manhattan Community Access Corp.) 6.000 12/01/2036 3,591,492 - ---------------------------------------------------------------------------------------------------------------------------------- 680,000 NYC IDA (Marymount School of New York) 5.125 09/01/2021 687,691 - ---------------------------------------------------------------------------------------------------------------------------------- 4,010,000 NYC IDA (Marymount School of New York) 5.250 09/01/2031 4,007,113 - ---------------------------------------------------------------------------------------------------------------------------------- 18,965,000 NYC IDA (MediSys Health Network) 6.250 03/15/2024 17,528,401 - ---------------------------------------------------------------------------------------------------------------------------------- 1,195,000 NYC IDA (Mesorah Publications) 6.450 02/01/2011 1,212,734 - ---------------------------------------------------------------------------------------------------------------------------------- 4,790,000 NYC IDA (Mesorah Publications) 6.950 02/01/2021 4,918,085 - ---------------------------------------------------------------------------------------------------------------------------------- 3,100,000 NYC IDA (Metropolitan College of New York) 5.750 03/01/2020 3,015,463 - ---------------------------------------------------------------------------------------------------------------------------------- 2,275,000 NYC IDA (Morrisons Pastry) 6.500 11/01/2019 2,282,257 - ---------------------------------------------------------------------------------------------------------------------------------- 275,000 NYC IDA (NYC Outward Bound Center) 7.250 11/01/2010 275,473 - ---------------------------------------------------------------------------------------------------------------------------------- 25,000 NYC IDA (NYU) 5.000 07/01/2041 25,387 - ---------------------------------------------------------------------------------------------------------------------------------- 150,000 NYC IDA (Paradise Products) 7.125 11/01/2007 150,096 - ---------------------------------------------------------------------------------------------------------------------------------- 4,475,000 NYC IDA (Paradise Products) 8.250 11/01/2022 4,612,741 - ----------------------------------------------------------------------------------------------------------------------------------
12 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 245,000 NYC IDA (Petrocelli Electric) 7.250% 11/01/2007 $ 245,323 - ---------------------------------------------------------------------------------------------------------------------------------- 115,000 NYC IDA (Petrocelli Electric) 7.250 11/01/2008 116,597 - ---------------------------------------------------------------------------------------------------------------------------------- 3,780,000 NYC IDA (Petrocelli Electric) 8.000 11/01/2017 3,896,613 - ---------------------------------------------------------------------------------------------------------------------------------- 940,000 NYC IDA (Petrocelli Electric) 8.000 11/01/2018 978,136 - ---------------------------------------------------------------------------------------------------------------------------------- 10,065,000 NYC IDA (Polytechnic University) 5.250 11/01/2027 10,138,978 - ---------------------------------------------------------------------------------------------------------------------------------- 24,125,000 NYC IDA (Polytechnic University) 5.250 11/01/2037 23,818,130 - ---------------------------------------------------------------------------------------------------------------------------------- 2,240,000 NYC IDA (Precision Gear) 6.375 11/01/2024 2,249,968 - ---------------------------------------------------------------------------------------------------------------------------------- 1,910,000 NYC IDA (Precision Gear) 6.375 11/01/2024 1,918,500 - ---------------------------------------------------------------------------------------------------------------------------------- 930,000 NYC IDA (Precision Gear) 7.625 11/01/2024 979,364 - ---------------------------------------------------------------------------------------------------------------------------------- 4,100,000 NYC IDA (PSCH) 6.375 07/01/2033 4,291,552 - ---------------------------------------------------------------------------------------------------------------------------------- 8,000,000 NYC IDA (Queens Baseball Stadium) 6 5.000 01/01/2039 8,253,680 - ---------------------------------------------------------------------------------------------------------------------------------- 46,445,000 NYC IDA (Queens Baseball Stadium) 5.000 01/01/2046 47,600,552 - ---------------------------------------------------------------------------------------------------------------------------------- 6,800,000 NYC IDA (Reece School) 7.500 12/01/2037 6,763,416 - ---------------------------------------------------------------------------------------------------------------------------------- 2,300,000 NYC IDA (Reece School) 7.500 12/01/2037 2,287,626 - ---------------------------------------------------------------------------------------------------------------------------------- 2,390,000 NYC IDA (Riverdale Terrace Hsg. Devel. Fund) 6.250 11/01/2014 2,304,032 - ---------------------------------------------------------------------------------------------------------------------------------- 8,595,000 NYC IDA (Riverdale Terrace Hsg. Devel. Fund) 6.750 11/01/2028 8,409,864 - ---------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYC IDA (Roundabout Theatre) 5.000 10/01/2023 992,920 - ---------------------------------------------------------------------------------------------------------------------------------- 795,000 NYC IDA (Sahadi Fine Foods) 6.250 11/01/2009 795,811 - ---------------------------------------------------------------------------------------------------------------------------------- 4,085,000 NYC IDA (Sahadi Fine Foods) 6.750 11/01/2019 4,014,125 - ---------------------------------------------------------------------------------------------------------------------------------- 875,000 NYC IDA (Services for the Underserved/Young Adult Institute Obligated Group) 5.000 07/01/2026 858,751 - ---------------------------------------------------------------------------------------------------------------------------------- 4,380,000 NYC IDA (Showman Fabricators) 7.500 11/01/2028 4,369,225 - ---------------------------------------------------------------------------------------------------------------------------------- 3,350,000 NYC IDA (South Bronx Overall Economic Devel.) 8.625 12/01/2025 3,408,692 - ---------------------------------------------------------------------------------------------------------------------------------- 1,625,000 NYC IDA (Special Needs Facilities Pooled Program) 4.750 07/01/2020 1,590,648 - ---------------------------------------------------------------------------------------------------------------------------------- 4,255,000 NYC IDA (Special Needs Facilities Pooled Program) 6.650 07/01/2023 4,506,811 - ---------------------------------------------------------------------------------------------------------------------------------- 6,630,000 NYC IDA (Special Needs Facilities Pooled Program) 7.875 08/01/2025 6,938,759 - ---------------------------------------------------------------------------------------------------------------------------------- 5,115,000 NYC IDA (St. Bernard's School) 7.000 12/01/2021 5,228,758 - ---------------------------------------------------------------------------------------------------------------------------------- 1,550,000 NYC IDA (St. Francis College) 5.000 10/01/2034 1,549,985 - ---------------------------------------------------------------------------------------------------------------------------------- 5,760,000 NYC IDA (Stallion) 5.500 11/01/2036 5,444,237 - ---------------------------------------------------------------------------------------------------------------------------------- 10,000 NYC IDA (Staten Island University Hospital) 6.375 07/01/2031 10,237 - ---------------------------------------------------------------------------------------------------------------------------------- 4,450,000 NYC IDA (Staten Island University Hospital) 6.375 07/01/2031 4,513,101 - ---------------------------------------------------------------------------------------------------------------------------------- 1,470,000 NYC IDA (Staten Island University Hospital) 6.450 07/01/2032 1,502,458 - ---------------------------------------------------------------------------------------------------------------------------------- 545,000 NYC IDA (Streamline Plastics) 7.750 12/01/2015 547,594 - ---------------------------------------------------------------------------------------------------------------------------------- 1,275,000 NYC IDA (Streamline Plastics) 8.125 12/01/2025 1,284,473 - ---------------------------------------------------------------------------------------------------------------------------------- 6,808,500 NYC IDA (Studio School) 7.000 11/01/2038 6,587,224 - ---------------------------------------------------------------------------------------------------------------------------------- 815,000 NYC IDA (Surprise Plastics) 7.500 11/01/2013 784,601 - ---------------------------------------------------------------------------------------------------------------------------------- 2,480,000 NYC IDA (Surprise Plastics) 8.500 11/01/2023 2,368,078 - ---------------------------------------------------------------------------------------------------------------------------------- 5,245,000 NYC IDA (Terminal One Group Assoc.) 6 5.500 01/01/2020 5,606,800 - ---------------------------------------------------------------------------------------------------------------------------------- 7,750,000 NYC IDA (Terminal One Group Assoc.) 6 5.500 01/01/2021 8,257,083 - ---------------------------------------------------------------------------------------------------------------------------------- 11,390,000 NYC IDA (Terminal One Group Assoc.) 6 5.500 01/01/2024 12,014,855 - ---------------------------------------------------------------------------------------------------------------------------------- 380,000 NYC IDA (The Bank Street College) 5.250 12/01/2021 389,223 - ---------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYC IDA (The Bank Street College) 5.250 12/01/2030 1,007,790 - ---------------------------------------------------------------------------------------------------------------------------------- 10,000,000 NYC IDA (The Child School) 7.550 06/01/2033 10,596,000 - ---------------------------------------------------------------------------------------------------------------------------------- 270,000 NYC IDA (Therapy & Learning Center) 7.500 10/01/2011 282,974 - ---------------------------------------------------------------------------------------------------------------------------------- 3,735,000 NYC IDA (Therapy & Learning Center) 8.250 10/01/2031 3,967,392 - ---------------------------------------------------------------------------------------------------------------------------------- 250,000 NYC IDA (THR Products Corp.) 7.250 11/01/2010 253,523 - ---------------------------------------------------------------------------------------------------------------------------------- 1,085,000 NYC IDA (THR Products Corp.) 8.250 11/01/2020 1,121,228 - ---------------------------------------------------------------------------------------------------------------------------------- 8,955,000 NYC IDA (Tides Two Rivers Foundation) 5.650 12/01/2039 8,712,409 - ---------------------------------------------------------------------------------------------------------------------------------- 4,235,000 NYC IDA (Touro College) 6.350 06/01/2029 4,375,051 - ---------------------------------------------------------------------------------------------------------------------------------- 4,485,000 NYC IDA (Ulano) 6.900 11/01/2019 4,338,385 - ---------------------------------------------------------------------------------------------------------------------------------- 32,040,000 NYC IDA (Unicef) 5.300 11/01/2038 30,695,922 - ----------------------------------------------------------------------------------------------------------------------------------
13 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 1,000,000 NYC IDA (United Nations School) 6.350% 12/01/2015 $ 1,021,650 - ---------------------------------------------------------------------------------------------------------------------------------- 505,000 NYC IDA (Urban Health Plan) 6.250 09/15/2009 513,979 - ---------------------------------------------------------------------------------------------------------------------------------- 9,830,000 NYC IDA (Urban Health Plan) 7.050 09/15/2026 10,252,887 - ---------------------------------------------------------------------------------------------------------------------------------- 3,640,000 NYC IDA (Urban Resource Institute) 7.375 11/01/2033 3,794,882 - ---------------------------------------------------------------------------------------------------------------------------------- 1,335,000 NYC IDA (Utleys) 7.375 11/01/2023 1,303,921 - ---------------------------------------------------------------------------------------------------------------------------------- 190,000 NYC IDA (Van Blarcom Closures) 7.125 11/01/2007 190,274 - ---------------------------------------------------------------------------------------------------------------------------------- 2,965,000 NYC IDA (Van Blarcom Closures) 8.000 11/01/2017 3,058,338 - ---------------------------------------------------------------------------------------------------------------------------------- 2,800,000 NYC IDA (Vaughn College Aeronautics) 5.000 12/01/2021 2,669,828 - ---------------------------------------------------------------------------------------------------------------------------------- 1,330,000 NYC IDA (Vaughn College Aeronautics) 5.000 12/01/2028 1,209,396 - ---------------------------------------------------------------------------------------------------------------------------------- 3,235,000 NYC IDA (Vaughn College Aeronautics) 5.000 12/01/2028 2,941,650 - ---------------------------------------------------------------------------------------------------------------------------------- 900,000 NYC IDA (Vaughn College Aeronautics) 5.000 12/01/2031 804,267 - ---------------------------------------------------------------------------------------------------------------------------------- 1,800,000 NYC IDA (Vaughn College Aeronautics) 5.250 12/01/2036 1,657,800 - ---------------------------------------------------------------------------------------------------------------------------------- 18,600,000 NYC IDA (Visy Paper) 7.800 01/01/2016 18,751,218 - ---------------------------------------------------------------------------------------------------------------------------------- 70,500,000 NYC IDA (Visy Paper) 7.950 01/01/2028 71,097,840 - ---------------------------------------------------------------------------------------------------------------------------------- 1,930,000 NYC IDA (Vocational Instruction) 7.750 02/01/2033 1,580,863 - ---------------------------------------------------------------------------------------------------------------------------------- 360,000 NYC IDA (W & W Jewelers) 7.250 02/01/2011 376,301 - ---------------------------------------------------------------------------------------------------------------------------------- 1,555,000 NYC IDA (W & W Jewelers) 8.250 02/01/2021 1,676,057 - ---------------------------------------------------------------------------------------------------------------------------------- 5,930,000 NYC IDA (Weizmann Institute) 5.900 11/01/2034 6,002,939 - ---------------------------------------------------------------------------------------------------------------------------------- 2,900,000 NYC IDA (Weizmann Institute) 5.900 11/01/2034 2,900,812 - ---------------------------------------------------------------------------------------------------------------------------------- 2,795,000 NYC IDA (Westchester Square Medical Center) 8.000 11/01/2010 2,620,816 - ---------------------------------------------------------------------------------------------------------------------------------- 6,160,000 NYC IDA (Westchester Square Medical Center) 8.375 11/01/2015 5,663,073 - ---------------------------------------------------------------------------------------------------------------------------------- 1,660,000 NYC IDA (World Casing Corp.) 6.700 11/01/2019 1,689,332 - ---------------------------------------------------------------------------------------------------------------------------------- 93,105,000 NYC IDA (Yankee Stadium) 5.000 03/01/2046 95,357,210 - ---------------------------------------------------------------------------------------------------------------------------------- 24,270,000 NYC IDA (Yeled Yalda Early Childhood) 5.725 11/01/2037 23,633,883 - ---------------------------------------------------------------------------------------------------------------------------------- 9,500,000 NYC IDA (YMCA of Greater New York) 5.000 08/01/2036 9,543,225 - ---------------------------------------------------------------------------------------------------------------------------------- 57,700,000 NYC Municipal Water Finance Authority 4 5.000 06/15/2026 59,569,192 - ---------------------------------------------------------------------------------------------------------------------------------- 11,220,000 NYC Municipal Water Finance Authority 4 5.000 06/15/2027 11,416,631 - ---------------------------------------------------------------------------------------------------------------------------------- 27,500,000 NYC Municipal Water Finance Authority 4 5.000 06/15/2031 28,376,837 - ---------------------------------------------------------------------------------------------------------------------------------- 11,720,000 NYC Municipal Water Finance Authority 4 5.000 06/15/2032 12,013,000 - ---------------------------------------------------------------------------------------------------------------------------------- 31,400,000 NYC Municipal Water Finance Authority 4 5.000 06/15/2034 31,934,742 - ---------------------------------------------------------------------------------------------------------------------------------- 47,440,000 NYC Municipal Water Finance Authority 4 5.000 06/15/2034 48,488,424 - ---------------------------------------------------------------------------------------------------------------------------------- 66,700,000 NYC Municipal Water Finance Authority 4 5.000 06/15/2036 68,420,526 - ---------------------------------------------------------------------------------------------------------------------------------- 40,100,000 NYC Municipal Water Finance Authority 4 5.000 06/15/2037 41,194,529 - ---------------------------------------------------------------------------------------------------------------------------------- 22,000,000 NYC Municipal Water Finance Authority 4 5.000 06/15/2038 22,573,265 - ---------------------------------------------------------------------------------------------------------------------------------- 18,000,000 NYC Municipal Water Finance Authority 4 5.000 06/15/2038 18,379,620 - ---------------------------------------------------------------------------------------------------------------------------------- 18,000,000 NYC Municipal Water Finance Authority 4 5.000 06/15/2039 18,483,120 - ---------------------------------------------------------------------------------------------------------------------------------- 31,500,000 NYC Municipal Water Finance Authority 4 5.000 06/15/2039 32,251,590 - ---------------------------------------------------------------------------------------------------------------------------------- 19,740,000 NYC Municipal Water Finance Authority 4 5.000 06/15/2039 20,279,790 - ---------------------------------------------------------------------------------------------------------------------------------- 14,220,000 NYC Municipal Water Finance Authority 4 5.125 06/15/2021 14,361,702 - ---------------------------------------------------------------------------------------------------------------------------------- 44,840,000 NYC Municipal Water Finance Authority 4 5.125 06/15/2032 46,515,222 - ---------------------------------------------------------------------------------------------------------------------------------- 31,000,000 NYC Municipal Water Finance Authority 4.750 06/15/2036 31,081,530 - ---------------------------------------------------------------------------------------------------------------------------------- 65,000 NYC Municipal Water Finance Authority 5.000 06/15/2029 66,330 - ---------------------------------------------------------------------------------------------------------------------------------- 10,000,000 NYC Municipal Water Finance Authority 5.000 06/15/2029 10,323,900 - ---------------------------------------------------------------------------------------------------------------------------------- 50,000 NYC Municipal Water Finance Authority 5.000 06/15/2029 51,620 - ---------------------------------------------------------------------------------------------------------------------------------- 6,795,000 NYC Municipal Water Finance Authority 5.000 06/15/2034 6,945,170 - ---------------------------------------------------------------------------------------------------------------------------------- 21,490,000 NYC Municipal Water Finance Authority 6 5.000 06/15/2035 22,023,812 - ---------------------------------------------------------------------------------------------------------------------------------- 200,000 NYC Municipal Water Finance Authority 5.000 06/15/2035 204,318 - ---------------------------------------------------------------------------------------------------------------------------------- 10,055,000 NYC Municipal Water Finance Authority 5.000 06/15/2036 10,314,419 - ----------------------------------------------------------------------------------------------------------------------------------
14 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 2,650,000 NYC Municipal Water Finance Authority 6 5.000% 06/15/2036 $ 2,728,202 - ---------------------------------------------------------------------------------------------------------------------------------- 5,735,000 NYC Municipal Water Finance Authority 5.000 06/15/2037 5,891,508 - ---------------------------------------------------------------------------------------------------------------------------------- 4,000,000 NYC Municipal Water Finance Authority 5.000 06/15/2038 4,131,840 - ---------------------------------------------------------------------------------------------------------------------------------- 675,000 NYC Municipal Water Finance Authority 5.000 06/15/2039 691,106 - ---------------------------------------------------------------------------------------------------------------------------------- 4,600,000 NYC Municipal Water Finance Authority 5.000 06/15/2039 4,723,464 - ---------------------------------------------------------------------------------------------------------------------------------- 10,000,000 NYC Municipal Water Finance Authority 5.000 06/15/2039 10,200,200 - ---------------------------------------------------------------------------------------------------------------------------------- 29,000,000 NYC Municipal Water Finance Authority 4 5.000 06/15/2039 29,755,668 - ---------------------------------------------------------------------------------------------------------------------------------- 820,000 NYC Municipal Water Finance Authority 5.125 06/15/2031 850,496 - ---------------------------------------------------------------------------------------------------------------------------------- 30,000 NYC Municipal Water Finance Authority 5.125 06/15/2032 31,121 - ---------------------------------------------------------------------------------------------------------------------------------- 25,000 NYC Municipal Water Finance Authority 5.125 06/15/2033 25,987 - ---------------------------------------------------------------------------------------------------------------------------------- 30,000 NYC Municipal Water Finance Authority 5.125 06/15/2033 31,184 - ---------------------------------------------------------------------------------------------------------------------------------- 20,545,000 NYC Municipal Water Finance Authority 5.125 06/15/2034 21,088,004 - ---------------------------------------------------------------------------------------------------------------------------------- 650,000 NYC Municipal Water Finance Authority 5.250 06/15/2034 681,220 - ---------------------------------------------------------------------------------------------------------------------------------- 530,000 NYC Municipal Water Finance Authority 5.400 2 06/15/2019 299,302 - ---------------------------------------------------------------------------------------------------------------------------------- 95,000 NYC Trust for Cultural Resources (Museum of American Folk Art) 6.125 07/01/2030 100,581 - ---------------------------------------------------------------------------------------------------------------------------------- 16,938,259 NYS Certificate of Lease 1 5.875 01/02/2023 17,310,900 - ---------------------------------------------------------------------------------------------------------------------------------- 1,690,000 NYS DA (4201 Schools Program) 6.250 07/01/2020 1,816,480 - ---------------------------------------------------------------------------------------------------------------------------------- 350,000 NYS DA (Augustana Lutheran Home) 5.400 02/01/2031 365,411 - ---------------------------------------------------------------------------------------------------------------------------------- 1,500,000 NYS DA (Augustana Lutheran Home) 5.500 02/01/2041 1,564,995 - ---------------------------------------------------------------------------------------------------------------------------------- 14,360,000 NYS DA (Buena Vida Nursing Home) 5.250 07/01/2028 14,652,226 - ---------------------------------------------------------------------------------------------------------------------------------- 4,475,000 NYS DA (Cabrini Westchester) 5.100 02/15/2026 4,759,476 - ---------------------------------------------------------------------------------------------------------------------------------- 8,425,000 NYS DA (Cabrini Westchester) 5.200 02/15/2041 8,859,393 - ---------------------------------------------------------------------------------------------------------------------------------- 2,905,000 NYS DA (Chapel Oaks) 5.450 07/01/2026 2,979,339 - ---------------------------------------------------------------------------------------------------------------------------------- 2,250,000 NYS DA (CHSLI/GSHMC/MMC/SCH&RC Obligated Group) 5.000 07/01/2027 2,215,125 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000 NYS DA (City University) 5.000 07/01/2023 5,096 - ---------------------------------------------------------------------------------------------------------------------------------- 1,250,000 NYS DA (D'Youville College) 5.250 07/01/2025 1,273,500 - ---------------------------------------------------------------------------------------------------------------------------------- 5,005,000 NYS DA (Dept. of Health) 5.000 07/01/2031 5,167,663 - ---------------------------------------------------------------------------------------------------------------------------------- 525,000 NYS DA (Dept. of Health) 5.500 07/01/2021 536,020 - ---------------------------------------------------------------------------------------------------------------------------------- 20,000 NYS DA (Ellis Hospital) 5.600 08/01/2025 20,029 - ---------------------------------------------------------------------------------------------------------------------------------- 6,790,000 NYS DA (Frances Schervier Home & Hospital Obligated Group) 5.500 07/01/2027 6,865,233 - ---------------------------------------------------------------------------------------------------------------------------------- 940,000 NYS DA (Grace Manor Health Care Facility) 6.150 07/01/2018 951,092 - ---------------------------------------------------------------------------------------------------------------------------------- 4,050,000 NYS DA (Health Quest Systems) 5.125 07/01/2037 4,171,986 - ---------------------------------------------------------------------------------------------------------------------------------- 1,575,000 NYS DA (Health Quest Systems) 5.250 07/01/2027 1,661,625 - ---------------------------------------------------------------------------------------------------------------------------------- 2,700,000 NYS DA (Health Quest Systems) 5.250 07/01/2027 2,850,660 - ---------------------------------------------------------------------------------------------------------------------------------- 3,970,000 NYS DA (Hospital for Special Surgery) 5.000 08/15/2033 4,071,989 - ---------------------------------------------------------------------------------------------------------------------------------- 141,115,000 NYS DA (Insured Hospital) 5.529 2 08/15/2036 29,782,321 - ---------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYS DA (Jones Memorial Hospital) 5.375 08/01/2034 1,028,270 - ---------------------------------------------------------------------------------------------------------------------------------- 10,300,000 NYS DA (Kaleida Health) 6 5.050 02/15/2025 10,644,741 - ---------------------------------------------------------------------------------------------------------------------------------- 1,815,000 NYS DA (L.I. Jewish Medical Center) 5.000 11/01/2026 1,837,415 - ---------------------------------------------------------------------------------------------------------------------------------- 3,255,000 NYS DA (L.I. University) 5.125 09/01/2023 3,336,147 - ---------------------------------------------------------------------------------------------------------------------------------- 235,000 NYS DA (L.I. University) 5.250 09/01/2028 238,452 - ---------------------------------------------------------------------------------------------------------------------------------- 1,335,000 NYS DA (L.I. University) 5.250 09/01/2028 1,348,604 - ---------------------------------------------------------------------------------------------------------------------------------- 1,585,000 NYS DA (L.I. University) 5.500 09/01/2020 1,655,675 - ---------------------------------------------------------------------------------------------------------------------------------- 30,000 NYS DA (Lakeside Memorial Hospital) 6.000 02/01/2021 30,049 - ---------------------------------------------------------------------------------------------------------------------------------- 1,710,000 NYS DA (Lenox Hill Hospital Obligated Group) 5.375 07/01/2020 1,737,086 - ---------------------------------------------------------------------------------------------------------------------------------- 405,000 NYS DA (Lenox Hill Hospital Obligated Group) 5.500 07/01/2030 408,754 - ---------------------------------------------------------------------------------------------------------------------------------- 20,000,000 NYS DA (Maimonides Medical Center) 4 5.750 08/01/2029 21,807,000 - ----------------------------------------------------------------------------------------------------------------------------------
15 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 20,000 NYS DA (Maimonides Medical Center) 5.750% 08/01/2035 $ 20,127 - ---------------------------------------------------------------------------------------------------------------------------------- 6,615,000 NYS DA (Manhattan College) 5.000 07/01/2041 6,446,119 - ---------------------------------------------------------------------------------------------------------------------------------- 18,230,000 NYS DA (Memorial Sloan-Kettering) 5.000 07/01/2035 18,756,118 - ---------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYS DA (Menorah Campus) 6.100 02/01/2037 1,021,660 - ---------------------------------------------------------------------------------------------------------------------------------- 12,460,000 NYS DA (Menorah Home & Hospital) 4 5.100 08/01/2028 12,820,717 - ---------------------------------------------------------------------------------------------------------------------------------- 23,300,000 NYS DA (Menorah Home & Hospital) 4 5.150 08/01/2038 23,901,606 - ---------------------------------------------------------------------------------------------------------------------------------- 18,500,000 NYS DA (Mental Health Services Facilities) 4 5.000 02/15/2023 18,883,783 - ---------------------------------------------------------------------------------------------------------------------------------- 25,650,000 NYS DA (Mental Health Services Facilities) 4 5.000 02/15/2037 26,217,471 - ---------------------------------------------------------------------------------------------------------------------------------- 17,100,000 NYS DA (Mental Health Services Facilities) 5.000 02/15/2030 17,603,937 - ---------------------------------------------------------------------------------------------------------------------------------- 3,660,000 NYS DA (Mental Health Services Facilities) 5.000 02/15/2033 3,734,884 - ---------------------------------------------------------------------------------------------------------------------------------- 35,765,000 NYS DA (Mental Health Services Facilities) 5.000 02/15/2035 36,593,675 - ---------------------------------------------------------------------------------------------------------------------------------- 15,000 NYS DA (Mental Health) 5.250 08/15/2031 15,618 - ---------------------------------------------------------------------------------------------------------------------------------- 320,000 NYS DA (Mental Health) 5.750 02/15/2011 326,902 - ---------------------------------------------------------------------------------------------------------------------------------- 3,800,000 NYS DA (Millard Fillmore Hospital) 5.375 02/01/2032 3,880,522 - ---------------------------------------------------------------------------------------------------------------------------------- 4,125,000 NYS DA (Miriam Osborn Memorial Home Assoc.) 6.375 07/01/2029 4,401,128 - ---------------------------------------------------------------------------------------------------------------------------------- 2,430,000 NYS DA (Miriam Osborn Memorial Home Assoc.) 6.875 07/01/2019 2,605,470 - ---------------------------------------------------------------------------------------------------------------------------------- 6,860,000 NYS DA (Miriam Osborn Memorial Home Assoc.) 6.875 07/01/2025 7,416,620 - ---------------------------------------------------------------------------------------------------------------------------------- 1,750,000 NYS DA (Montefiore Medical Center) 5.000 08/01/2033 1,794,730 - ---------------------------------------------------------------------------------------------------------------------------------- 13,240,000 NYS DA (Montifiore Medical Center) 4 5.000 02/01/2028 13,678,509 - ---------------------------------------------------------------------------------------------------------------------------------- 9,500,000 NYS DA (Montifiore Medical Center) 4 5.500 08/01/2038 9,853,828 - ---------------------------------------------------------------------------------------------------------------------------------- 10,150,000 NYS DA (MSH/NYU Hospital Center/HJDOI Obligated Group) 5.500 07/01/2026 10,236,580 - ---------------------------------------------------------------------------------------------------------------------------------- 6,800,000 NYS DA (MSH/NYU Hospital Center/HJDOI Obligated Group) 6.000 07/01/2014 7,127,760 - ---------------------------------------------------------------------------------------------------------------------------------- 25,240,000 NYS DA (MSH/NYU Hospital Center/HJDOI Obligated Group) 6.500 07/01/2025 26,485,342 - ---------------------------------------------------------------------------------------------------------------------------------- 2,335,000 NYS DA (Mt. Sinai Hospital) 6.625 07/01/2019 2,467,535 - ---------------------------------------------------------------------------------------------------------------------------------- 10,140,000 NYS DA (Mt. Sinai/NYU Health) 5.500 07/01/2026 10,171,535 - ---------------------------------------------------------------------------------------------------------------------------------- 2,280,000 NYS DA (Mt. Sinai/NYU Health) 6.500 07/01/2017 2,408,797 - ---------------------------------------------------------------------------------------------------------------------------------- 5,745,000 NYS DA (Mt. Sinai/NYU Health) 6.750 07/01/2020 6,081,829 - ---------------------------------------------------------------------------------------------------------------------------------- 11,400,000 NYS DA (Municipal Health Facilities) 1,4 5.000 01/15/2023 11,686,767 - ---------------------------------------------------------------------------------------------------------------------------------- 905,000 NYS DA (New York & Presbyterian Hospital) 5.000 08/01/2032 917,399 - ---------------------------------------------------------------------------------------------------------------------------------- 16,000,000 NYS DA (New York Hospital Medical Center of Queens) 4.650 08/15/2027 16,202,080 - ---------------------------------------------------------------------------------------------------------------------------------- 26,300,000 NYS DA (New York Hospital Medical Center of Queens) 4.750 02/15/2037 26,348,129 - ---------------------------------------------------------------------------------------------------------------------------------- 6,950,000 NYS DA (New York Hospital Medical Center) 6 5.600 02/15/2039 7,238,147 - ---------------------------------------------------------------------------------------------------------------------------------- 2,265,000 NYS DA (New York Methodist Hospital) 5.250 07/01/2033 2,327,673 - ---------------------------------------------------------------------------------------------------------------------------------- 62,010,000 NYS DA (North Shore University Hospital/L.I. Jewish Medical Center Obligated Group) 4 4.419 7 05/01/2033 58,466,749 - ---------------------------------------------------------------------------------------------------------------------------------- 2,000,000 NYS DA (North Shore University Hospital/L.I. Jewish Medical Center) 5.000 05/01/2020 2,061,400 - ---------------------------------------------------------------------------------------------------------------------------------- 5,800,000 NYS DA (North Shore University Hospital/L.I. Jewish Medical Center) 5.000 05/01/2026 5,874,704 - ---------------------------------------------------------------------------------------------------------------------------------- 3,455,000 NYS DA (North Shore University Hospital/L.I. Jewish Medical Center) 5.000 05/01/2027 3,488,928 - ---------------------------------------------------------------------------------------------------------------------------------- 7,500,000 NYS DA (North Shore University Hospital/L.I. Jewish Medical Center) 5.000 05/01/2032 7,499,625 - ---------------------------------------------------------------------------------------------------------------------------------- 25,000,000 NYS DA (North Shore University Hospital/L.I. Jewish Medical Center) 5.000 05/01/2037 24,808,000 - ----------------------------------------------------------------------------------------------------------------------------------
16 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 1,000,000 NYS DA (Norwegian Christian Home & Health Center) 5.200% 08/01/2036 $ 1,038,840 - ---------------------------------------------------------------------------------------------------------------------------------- 2,000,000 NYS DA (Norwegian Christian Home & Health Center) 6.100 08/01/2041 2,182,680 - ---------------------------------------------------------------------------------------------------------------------------------- 7,500,000 NYS DA (NSLIJHS/LIMC/NSUHGC Obligated Group) 5.000 11/01/2026 7,592,625 - ---------------------------------------------------------------------------------------------------------------------------------- 24,380,000 NYS DA (NSLIJHS/LIMC/NSUHGC Obligated Group) 5.000 11/01/2034 24,307,104 - ---------------------------------------------------------------------------------------------------------------------------------- 6,200,000 NYS DA (Nursing Home) 4.900 02/15/2041 6,246,624 - ---------------------------------------------------------------------------------------------------------------------------------- 7,600,000 NYS DA (Nursing Home) 4.950 02/15/2045 7,673,492 - ---------------------------------------------------------------------------------------------------------------------------------- 18,830,000 NYS DA (Nursing Homes) 4 5.300 02/01/2038 19,242,000 - ---------------------------------------------------------------------------------------------------------------------------------- 40,320,000 NYS DA (NYU Hospital) 5.000 07/01/2036 37,393,574 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000,000 NYS DA (NYU Hospitals Center) 5.000 07/01/2020 4,983,300 - ---------------------------------------------------------------------------------------------------------------------------------- 11,100,000 NYS DA (NYU Hospitals Center) 5.000 07/01/2026 10,725,486 - ---------------------------------------------------------------------------------------------------------------------------------- 20,580,000 NYS DA (NYU Hospitals Center) 5.000 07/01/2026 19,885,631 - ---------------------------------------------------------------------------------------------------------------------------------- 505,000 NYS DA (NYU) 5.000 07/01/2041 512,822 - ---------------------------------------------------------------------------------------------------------------------------------- 2,925,000 NYS DA (Ozanam Hall of Queens Nursing Home) 5.000 11/01/2026 3,007,719 - ---------------------------------------------------------------------------------------------------------------------------------- 5,150,000 NYS DA (Ozanam Hall of Queens Nursing Home) 5.000 11/01/2031 5,238,992 - ---------------------------------------------------------------------------------------------------------------------------------- 6,035,000 NYS DA (Providence Rest) 5.000 07/01/2035 5,811,041 - ---------------------------------------------------------------------------------------------------------------------------------- 2,700,000 NYS DA (Providence Rest) 5.125 07/01/2030 2,674,728 - ---------------------------------------------------------------------------------------------------------------------------------- 3,100,000 NYS DA (Providence Rest) 5.250 07/01/2025 3,142,129 - ---------------------------------------------------------------------------------------------------------------------------------- 6,260,000 NYS DA (Rochester General Hospital) 5.000 12/01/2025 6,309,704 - ---------------------------------------------------------------------------------------------------------------------------------- 17,660,000 NYS DA (Rochester General Hospital) 5.000 12/01/2035 17,553,157 - ---------------------------------------------------------------------------------------------------------------------------------- 675,000 NYS DA (Sarah Neuman Nursing Home) 5.450 08/01/2027 689,351 - ---------------------------------------------------------------------------------------------------------------------------------- 50,000 NYS DA (School Districts Financing Program), Series B 6.000 10/01/2022 54,878 - ---------------------------------------------------------------------------------------------------------------------------------- 25,000 NYS DA (School Districts Financing Program), Series B 6.000 10/01/2029 27,225 - ---------------------------------------------------------------------------------------------------------------------------------- 20,520,000 NYS DA (SCSMC/SV/CHSLI Obligated Group) 6.000 07/01/2030 21,357,011 - ---------------------------------------------------------------------------------------------------------------------------------- 1,075,000 NYS DA (SFH/GSHMC/MMC/SCHRC Obligated Group) 5.100 07/01/2034 1,048,104 - ---------------------------------------------------------------------------------------------------------------------------------- 415,000 NYS DA (Special Act School Districts) 6.000 07/01/2019 415,842 - ---------------------------------------------------------------------------------------------------------------------------------- 2,470,000 NYS DA (St. Barnabas Hospital) 5.450 08/01/2035 2,497,886 - ---------------------------------------------------------------------------------------------------------------------------------- 905,000 NYS DA (St. Catherine of Siena Medical Center) 6.000 07/01/2030 943,110 - ---------------------------------------------------------------------------------------------------------------------------------- 1,750,000 NYS DA (St. Clare's Hospital) 5.300 02/15/2019 1,783,758 - ---------------------------------------------------------------------------------------------------------------------------------- 2,970,000 NYS DA (St. Clare's Hospital) 5.400 02/15/2025 3,026,163 - ---------------------------------------------------------------------------------------------------------------------------------- 2,580,000 NYS DA (St. James Mercy Hospital) 5.400 02/01/2038 2,643,778 - ---------------------------------------------------------------------------------------------------------------------------------- 101,800,000 NYS DA (St. Lukes Roosevelt Hospital) 4.900 08/15/2031 103,142,742 - ---------------------------------------------------------------------------------------------------------------------------------- 1,505,000 NYS DA (St. Thomas Aquinas College) 5.250 07/01/2028 1,516,002 - ---------------------------------------------------------------------------------------------------------------------------------- 3,910,000 NYS DA (St. Vincent DePaul Residence) 5.300 07/01/2018 4,020,067 - ---------------------------------------------------------------------------------------------------------------------------------- 10,000,000 NYS DA (State Personal Income Tax) 4 4.319 7 12/15/2035 9,921,225 - ---------------------------------------------------------------------------------------------------------------------------------- 20,000,000 NYS DA (University of Rochester) 5.000 07/01/2039 20,593,200 - ---------------------------------------------------------------------------------------------------------------------------------- 13,045,000 NYS DA (University of Rochester) 5.000 07/01/2039 13,431,915 - ---------------------------------------------------------------------------------------------------------------------------------- 2,095,000 NYS DA (Vassar Brothers) 5.375 07/01/2025 2,144,735 - ---------------------------------------------------------------------------------------------------------------------------------- 11,695,000 NYS DA (Vassar College) 5.000 07/01/2046 11,998,485 - ---------------------------------------------------------------------------------------------------------------------------------- 7,055,000 NYS DA (White Plains Hospital) 5.375 02/15/2043 7,528,179 - ---------------------------------------------------------------------------------------------------------------------------------- 2,500,000 NYS DA (Willow Towers) 5.400 02/01/2034 2,618,475 - ---------------------------------------------------------------------------------------------------------------------------------- 26,070,000 NYS DA (Wyckoff Heights Medical Center) 5.300 08/15/2021 26,563,244 - ---------------------------------------------------------------------------------------------------------------------------------- 715,000 NYS DA, Series B 6.650 08/15/2030 795,202 - ---------------------------------------------------------------------------------------------------------------------------------- 100,000 NYS EFC (Clean Water & Drinking Revolving Funds) 5.125 06/15/2031 102,942 - ---------------------------------------------------------------------------------------------------------------------------------- 4,095,000 NYS EFC (Clean Water & Drinking Revolving Funds) 5.400 07/15/2021 4,351,101 - ---------------------------------------------------------------------------------------------------------------------------------- 7,500,000 NYS EFC (NYS Water Services) 5.950 01/15/2020 7,989,825 - ----------------------------------------------------------------------------------------------------------------------------------
17 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 2,365,000 NYS EFC (NYS Water Services) 6.000% 01/15/2031 $ 2,483,723 - ---------------------------------------------------------------------------------------------------------------------------------- 45,000 NYS EFC (United Waterworks) 5.150 03/01/2034 45,465 - ---------------------------------------------------------------------------------------------------------------------------------- 7,000,000 NYS ERDA (Brooklyn Union Gas Company) RIBS 7.129 8 04/01/2020 7,442,050 - ---------------------------------------------------------------------------------------------------------------------------------- 16,300,000 NYS ERDA (Brooklyn Union Gas Company) RIBS 8.854 8 07/01/2026 17,237,250 - ---------------------------------------------------------------------------------------------------------------------------------- 210,000 NYS ERDA (Central Hudson Gas & Electric Co.) 5.450 08/01/2027 218,001 - ---------------------------------------------------------------------------------------------------------------------------------- 160,000 NYS ERDA (Corning Natural Gas) 8.250 12/01/2018 160,568 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000,000 NYS ERDA (LILCO) 5.150 03/01/2016 5,031,950 - ---------------------------------------------------------------------------------------------------------------------------------- 23,125,000 NYS ERDA (LILCO) 5.300 11/01/2023 23,673,525 - ---------------------------------------------------------------------------------------------------------------------------------- 350,000 NYS ERDA (LILCO) 5.300 10/01/2024 357,949 - ---------------------------------------------------------------------------------------------------------------------------------- 100,000 NYS ERDA (LILCO) 5.300 08/01/2025 102,220 - ---------------------------------------------------------------------------------------------------------------------------------- 75,000 NYS ERDA (LILCO) 5.300 08/01/2025 77,356 - ---------------------------------------------------------------------------------------------------------------------------------- 13,940,000 NYS ERDA (Niagara Mohawk) 4 5.150 11/01/2025 14,399,323 - ---------------------------------------------------------------------------------------------------------------------------------- 14,500,000 NYS ERDA (Rochester Gas & Electric) 4 5.950 09/01/2023 15,024,537 - ---------------------------------------------------------------------------------------------------------------------------------- 2,785,000 NYS HFA (Children's Rescue) 7.625 05/01/2018 2,786,810 - ---------------------------------------------------------------------------------------------------------------------------------- 995,000 NYS HFA (Crotona Estates Apartments) 4.950 08/15/2038 971,100 - ---------------------------------------------------------------------------------------------------------------------------------- 995,000 NYS HFA (Friendship) 5.100 08/15/2041 992,552 - ---------------------------------------------------------------------------------------------------------------------------------- 15,000 NYS HFA (General Hsg.) 6.600 11/01/2008 15,356 - ---------------------------------------------------------------------------------------------------------------------------------- 1,520,000 NYS HFA (Golden Age Apartments) 5.000 02/15/2037 1,495,756 - ---------------------------------------------------------------------------------------------------------------------------------- 5,960,000 NYS HFA (Highland Avenue Senior Apartments) 5.000 02/15/2039 5,962,324 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000,000 NYS HFA (Horizons at Wawayanda) 5.350 06/01/2025 5,110,950 - ---------------------------------------------------------------------------------------------------------------------------------- 10,570,000 NYS HFA (Hospital & Nursing Home) 5.150 11/01/2016 10,616,191 - ---------------------------------------------------------------------------------------------------------------------------------- 645,000 NYS HFA (Kensico Terrace Apartments) 4.900 02/15/2038 624,663 - ---------------------------------------------------------------------------------------------------------------------------------- 950,000 NYS HFA (Kensico Terrace Apartments) 4.950 02/15/2038 927,343 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000 NYS HFA (Meadow Manor) 7.750 11/01/2019 5,084 - ---------------------------------------------------------------------------------------------------------------------------------- 3,980,000 NYS HFA (Multifamily Hsg.) 4.850 02/15/2038 3,826,332 - ---------------------------------------------------------------------------------------------------------------------------------- 3,400,000 NYS HFA (Multifamily Hsg.) 4.850 11/01/2040 3,262,028 - ---------------------------------------------------------------------------------------------------------------------------------- 745,000 NYS HFA (Multifamily Hsg.) 5.250 11/15/2028 749,969 - ---------------------------------------------------------------------------------------------------------------------------------- 1,340,000 NYS HFA (Multifamily Hsg.) 5.300 08/15/2024 1,353,320 - ---------------------------------------------------------------------------------------------------------------------------------- 1,700,000 NYS HFA (Multifamily Hsg.) 5.300 11/15/2039 1,707,905 - ---------------------------------------------------------------------------------------------------------------------------------- 1,070,000 NYS HFA (Multifamily Hsg.) 5.350 08/15/2020 1,096,782 - ---------------------------------------------------------------------------------------------------------------------------------- 2,860,000 NYS HFA (Multifamily Hsg.) 5.350 08/15/2031 2,883,967 - ---------------------------------------------------------------------------------------------------------------------------------- 2,080,000 NYS HFA (Multifamily Hsg.) 5.375 02/15/2035 2,103,712 - ---------------------------------------------------------------------------------------------------------------------------------- 3,250,000 NYS HFA (Multifamily Hsg.) 5.450 08/15/2032 3,303,495 - ---------------------------------------------------------------------------------------------------------------------------------- 2,075,000 NYS HFA (Multifamily Hsg.) 5.500 08/15/2030 2,090,127 - ---------------------------------------------------------------------------------------------------------------------------------- 1,215,000 NYS HFA (Multifamily Hsg.) 5.550 08/15/2019 1,242,398 - ---------------------------------------------------------------------------------------------------------------------------------- 1,385,000 NYS HFA (Multifamily Hsg.) 5.600 08/15/2019 1,417,063 - ---------------------------------------------------------------------------------------------------------------------------------- 1,240,000 NYS HFA (Multifamily Hsg.) 5.600 02/15/2026 1,256,455 - ---------------------------------------------------------------------------------------------------------------------------------- 1,730,000 NYS HFA (Multifamily Hsg.) 5.600 08/15/2033 1,776,381 - ---------------------------------------------------------------------------------------------------------------------------------- 1,125,000 NYS HFA (Multifamily Hsg.) 5.650 08/15/2030 1,147,646 - ---------------------------------------------------------------------------------------------------------------------------------- 3,200,000 NYS HFA (Multifamily Hsg.) 5.650 08/15/2030 3,264,416 - ---------------------------------------------------------------------------------------------------------------------------------- 1,000,000 NYS HFA (Multifamily Hsg.) 5.650 08/15/2031 1,019,770 - ---------------------------------------------------------------------------------------------------------------------------------- 1,710,000 NYS HFA (Multifamily Hsg.) 5.650 02/15/2034 1,730,554 - ---------------------------------------------------------------------------------------------------------------------------------- 2,120,000 NYS HFA (Multifamily Hsg.) 5.700 08/15/2033 2,169,756 - ---------------------------------------------------------------------------------------------------------------------------------- 1,285,000 NYS HFA (Multifamily Hsg.) 6.100 11/15/2036 1,325,914 - ---------------------------------------------------------------------------------------------------------------------------------- 4,700,000 NYS HFA (Multifamily Hsg.) 6.125 08/15/2038 4,765,001 - ---------------------------------------------------------------------------------------------------------------------------------- 35,000 NYS HFA (Multifamily Hsg.) 6.200 08/15/2012 35,058 - ---------------------------------------------------------------------------------------------------------------------------------- 25,000 NYS HFA (Multifamily Hsg.) 6.200 08/15/2016 25,276 - ---------------------------------------------------------------------------------------------------------------------------------- 710,000 NYS HFA (Multifamily Hsg.) 6.250 02/15/2031 726,401 - ---------------------------------------------------------------------------------------------------------------------------------- 1,255,000 NYS HFA (Multifamily Hsg.) 6.400 11/15/2027 1,273,913 - ---------------------------------------------------------------------------------------------------------------------------------- 2,735,000 NYS HFA (Multifamily Hsg.) 6 6.700 08/15/2025 2,738,391 - ----------------------------------------------------------------------------------------------------------------------------------
18 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 5,510,000 NYS HFA (Multifamily Hsg.) 6 6.750% 11/15/2036 $ 5,590,832 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000 NYS HFA (Multifamily Hsg.) 6.950 08/15/2012 5,006 - ---------------------------------------------------------------------------------------------------------------------------------- 480,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2009 487,056 - ---------------------------------------------------------------------------------------------------------------------------------- 525,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2010 532,718 - ---------------------------------------------------------------------------------------------------------------------------------- 565,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2011 573,306 - ---------------------------------------------------------------------------------------------------------------------------------- 605,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2012 613,894 - ---------------------------------------------------------------------------------------------------------------------------------- 655,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2013 664,629 - ---------------------------------------------------------------------------------------------------------------------------------- 780,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2014 791,466 - ---------------------------------------------------------------------------------------------------------------------------------- 835,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2015 847,275 - ---------------------------------------------------------------------------------------------------------------------------------- 900,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2016 913,230 - ---------------------------------------------------------------------------------------------------------------------------------- 990,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2017 1,004,553 - ---------------------------------------------------------------------------------------------------------------------------------- 1,060,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2018 1,075,582 - ---------------------------------------------------------------------------------------------------------------------------------- 460,000 NYS HFA (Nonprofit Hsg.) 8.400 11/01/2019 466,762 - ---------------------------------------------------------------------------------------------------------------------------------- 1,490,000 NYS HFA (North Street) 5.050 08/15/2039 1,474,757 - ---------------------------------------------------------------------------------------------------------------------------------- 4,695,000 NYS HFA (Phillips Village) 7.750 08/15/2017 4,769,416 - ---------------------------------------------------------------------------------------------------------------------------------- 70,000 NYS HFA (Service Contract) 5.375 03/15/2023 70,097 - ---------------------------------------------------------------------------------------------------------------------------------- 5,600,000 NYS HFA (Service Contract) 5.500 09/15/2022 5,701,584 - ---------------------------------------------------------------------------------------------------------------------------------- 5,525,000 NYS HFA (Service Contract) 5.500 03/15/2025 5,619,975 - ---------------------------------------------------------------------------------------------------------------------------------- 255,000 NYS HFA (Service Contract) 6.500 03/15/2025 255,332 - ---------------------------------------------------------------------------------------------------------------------------------- 160,000 NYS HFA (Shorehill Hsg.) 7.500 05/01/2008 160,173 - ---------------------------------------------------------------------------------------------------------------------------------- 1,540,000 NYS HFA (Tiffany Gardens) 4.900 08/15/2025 1,531,761 - ---------------------------------------------------------------------------------------------------------------------------------- 3,210,000 NYS HFA (Tiffany Gardens) 5.125 08/15/2037 3,213,948 - ---------------------------------------------------------------------------------------------------------------------------------- 275,000 NYS LGSC (SCSB) 1 7.250 12/15/2011 283,775 - ---------------------------------------------------------------------------------------------------------------------------------- 810,000 NYS LGSC (SCSB) 1 7.375 12/15/2016 826,840 - ---------------------------------------------------------------------------------------------------------------------------------- 980,000 NYS LGSC (SCSB) 1 7.750 12/15/2021 1,024,169 - ---------------------------------------------------------------------------------------------------------------------------------- 960,000 NYS Medcare (Hospital & Nursing Home) 6.300 08/15/2023 961,814 - ---------------------------------------------------------------------------------------------------------------------------------- 740,000 NYS Medcare (Hospital & Nursing Home) 6.375 08/15/2033 741,443 - ---------------------------------------------------------------------------------------------------------------------------------- 295,000 NYS Medcare (Hospital & Nursing Home) 7.400 11/01/2016 296,407 - ---------------------------------------------------------------------------------------------------------------------------------- 200,000 NYS Medcare (Hospital & Nursing Home) 9.375 11/01/2016 202,922 - ---------------------------------------------------------------------------------------------------------------------------------- 30,000 NYS Medcare (M.G. Nursing Home) 6.200 02/15/2015 30,056 - ---------------------------------------------------------------------------------------------------------------------------------- 1,670,000 NYS Medcare (M.G. Nursing Home) 6.375 02/15/2035 1,673,173 - ---------------------------------------------------------------------------------------------------------------------------------- 350,000 NYS Medcare (Montefiore Medical Center) 5.750 02/15/2025 356,748 - ---------------------------------------------------------------------------------------------------------------------------------- 5,875,000 NYS Medcare (St. Peter's Hospital) 6 5.375 11/01/2020 5,920,061 - ---------------------------------------------------------------------------------------------------------------------------------- 28,560,000 NYS Thruway Authority, Series E 4 5.000 01/01/2025 28,934,564 - ---------------------------------------------------------------------------------------------------------------------------------- 5,000 NYS UDC (Correctional Facilities) 6.309 2 01/01/2013 3,845 - ---------------------------------------------------------------------------------------------------------------------------------- 5,480,000 Oneida County IDA (Bonide Products) 6.250 11/01/2018 5,449,422 - ---------------------------------------------------------------------------------------------------------------------------------- 830,000 Oneida County IDA (Civic Facilities-Mohawk Valley) 5.000 09/15/2035 792,135 - ---------------------------------------------------------------------------------------------------------------------------------- 450,000 Oneida County IDA (Mohawk Valley Handicapped Services) 5.300 03/15/2019 456,876 - ---------------------------------------------------------------------------------------------------------------------------------- 840,000 Oneida County IDA (Mohawk Valley Handicapped Services) 5.350 03/15/2029 843,007 - ---------------------------------------------------------------------------------------------------------------------------------- 1,190,000 Oneida County IDA (Presbyterian Home) 5.250 03/01/2019 1,205,934 - ---------------------------------------------------------------------------------------------------------------------------------- 1,015,000 Oneida County IDA (Presbyterian Home) 6.100 06/01/2020 1,070,348 - ---------------------------------------------------------------------------------------------------------------------------------- 3,995,000 Onondaga County IDA (Air Cargo) 6.125 01/01/2032 4,126,595 - ---------------------------------------------------------------------------------------------------------------------------------- 2,000,000 Onondaga County IDA (Air Cargo) 7.250 01/01/2032 2,116,100 - ---------------------------------------------------------------------------------------------------------------------------------- 2,200,000 Onondaga County IDA (Anheuser-Busch) 4.950 07/01/2036 2,154,218 - ---------------------------------------------------------------------------------------------------------------------------------- 435,000 Onondaga County IDA (Coltec Industries) 7.250 06/01/2008 439,829 - ---------------------------------------------------------------------------------------------------------------------------------- 770,000 Onondaga County IDA (Coltec Industries) 9.875 10/01/2010 779,471 - ---------------------------------------------------------------------------------------------------------------------------------- 1,315,000 Onondaga County IDA (Community General Hospital) 5.500 11/01/2018 1,318,787 - ----------------------------------------------------------------------------------------------------------------------------------
19 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 6,945,000 Onondaga County IDA (Community General Hospital) 6 6.625% 01/01/2018 $ 6,965,766 - ---------------------------------------------------------------------------------------------------------------------------------- 4,710,000 Onondaga County IDA (Le Moyne College) 5.625 12/01/2021 4,914,555 - ---------------------------------------------------------------------------------------------------------------------------------- 10,600,000 Onondaga County IDA (Solvay Paperboard) 6.800 11/01/2014 10,940,896 - ---------------------------------------------------------------------------------------------------------------------------------- 67,200,000 Onondaga County IDA (Solvay Paperboard) 7.000 11/01/2030 69,392,736 - ---------------------------------------------------------------------------------------------------------------------------------- 500,000 Onondaga County IDA Sewage Waste Facilities (Anheuser-Busch Companies) 6.250 12/01/2034 519,845 - ---------------------------------------------------------------------------------------------------------------------------------- 49,164,598 Onondaga County Res Rec 0.000 5 05/01/2022 29,231,795 - ---------------------------------------------------------------------------------------------------------------------------------- 41,580,000 Onondaga County Res Rec 5.000 05/01/2015 40,076,883 - ---------------------------------------------------------------------------------------------------------------------------------- 2,500,000 Orange County IDA (Arden Hill Life Care Center) 7.000 08/01/2021 2,635,225 - ---------------------------------------------------------------------------------------------------------------------------------- 2,325,000 Orange County IDA (Arden Hill Life Care Center) 7.000 08/01/2031 2,436,158 - ---------------------------------------------------------------------------------------------------------------------------------- 2,090,000 Orange County IDA (Arden Hill Life Care Center) 7.000 08/01/2031 2,189,923 - ---------------------------------------------------------------------------------------------------------------------------------- 2,705,000 Orange County IDA (Glen Arden) 5.625 01/01/2018 2,721,879 - ---------------------------------------------------------------------------------------------------------------------------------- 5,590,000 Orange County IDA (Glen Arden) 5.700 01/01/2028 5,506,933 - ---------------------------------------------------------------------------------------------------------------------------------- 2,685,000 Orange County IDA (Kingston Manufacturing) 1,9,10 8.000 11/01/2017 375,900 - ---------------------------------------------------------------------------------------------------------------------------------- 250,000 Orange County IDA (Orange Mental Retardation Properties) 7.800 07/01/2011 251,858 - ---------------------------------------------------------------------------------------------------------------------------------- 1,715,000 Orange County IDA (St. Luke's Cornwall Hospital Obligated Group) 5.375 12/01/2021 1,769,897 - ---------------------------------------------------------------------------------------------------------------------------------- 6,330,000 Orange County IDA (St. Luke's Cornwall Hospital Obligated Group) 5.375 12/01/2026 6,480,021 - ---------------------------------------------------------------------------------------------------------------------------------- 2,235,000 Orange County IDA (St. Luke's Cornwall Hospital Obligated Group) 5.375 12/01/2026 2,287,970 - ---------------------------------------------------------------------------------------------------------------------------------- 7,435,000 Orange County IDA (Tuxedo Place) 1 7.000 08/01/2032 5,570,228 - ---------------------------------------------------------------------------------------------------------------------------------- 2,500,000 Orange County IDA (Tuxedo Place) 1 7.000 08/01/2033 1,871,100 - ---------------------------------------------------------------------------------------------------------------------------------- 2,755,000 Oswego County IDA (Bishop's Common) 5.375 02/01/2049 2,832,884 - ---------------------------------------------------------------------------------------------------------------------------------- 3,260,000 Oswego County IDA (Seneca Hill Manor) 5.650 08/01/2037 3,329,536 - ---------------------------------------------------------------------------------------------------------------------------------- 6,860,000 Otsego County IDA (Hartwick College) 5.900 07/01/2022 7,011,675 - ---------------------------------------------------------------------------------------------------------------------------------- 1,350,000 Otsego County IDA (Hartwick College) 6.000 07/01/2013 1,404,972 - ---------------------------------------------------------------------------------------------------------------------------------- 1,435,000 Otsego County IDA (Hartwick College) 6.000 07/01/2014 1,488,511 - ---------------------------------------------------------------------------------------------------------------------------------- 1,520,000 Otsego County IDA (Hartwick College) 6.000 07/01/2015 1,575,389 - ---------------------------------------------------------------------------------------------------------------------------------- 1,610,000 Otsego County IDA (Hartwick College) 6.000 07/01/2016 1,663,871 - ---------------------------------------------------------------------------------------------------------------------------------- 3,030,000 Otsego County IDA (Mary Imogene Bassett Hospital) 5.350 11/01/2020 3,115,416 - ---------------------------------------------------------------------------------------------------------------------------------- 10,535,000 Peekskill IDA (Drum Hill) 6.375 10/01/2028 10,273,416 - ---------------------------------------------------------------------------------------------------------------------------------- 2,055,000 Penfield-Crown Oak Hsg. Devel. Corp. (Crown Oak Apartments) 4.875 12/01/2038 2,062,357 - ---------------------------------------------------------------------------------------------------------------------------------- 1,475,000 Port Authority NY/NJ (Continental Airlines) 9.000 12/01/2010 1,495,871 - ---------------------------------------------------------------------------------------------------------------------------------- 53,290,000 Port Authority NY/NJ (Continental Airlines) 9.125 12/01/2015 55,376,304 - ---------------------------------------------------------------------------------------------------------------------------------- 3,195,000 Port Authority NY/NJ (Delta Air Lines) 1 6.950 06/01/2008 3,217,365 - ---------------------------------------------------------------------------------------------------------------------------------- 15,615,000 Port Authority NY/NJ (JFK International Air Terminal) 5.750 12/01/2022 15,971,803 - ---------------------------------------------------------------------------------------------------------------------------------- 28,445,000 Port Authority NY/NJ (JFK International Air Terminal) 6 5.750 12/01/2025 28,530,051 - ---------------------------------------------------------------------------------------------------------------------------------- 2,625,000 Port Authority NY/NJ (JFK International Air Terminal) 5.900 12/01/2017 2,685,716 - ---------------------------------------------------------------------------------------------------------------------------------- 7,410,000 Port Authority NY/NJ (KIAC) 6.750 10/01/2011 7,467,502 - ---------------------------------------------------------------------------------------------------------------------------------- 46,455,000 Port Authority NY/NJ (KIAC) 6.750 10/01/2019 46,806,200 - ---------------------------------------------------------------------------------------------------------------------------------- 3,300,000 Port Authority NY/NJ (KIAC) 7.000 10/01/2007 3,300,297 - ---------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Port Authority NY/NJ, 120th Series 5.750 10/15/2026 1,011,410 - ---------------------------------------------------------------------------------------------------------------------------------- 4,775,000 Port Authority NY/NJ, 121st Series 5.125 10/15/2030 4,825,854 - ----------------------------------------------------------------------------------------------------------------------------------
20 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 425,000 Port Authority NY/NJ, 122nd Series 5.000% 07/15/2018 $ 431,809 - ---------------------------------------------------------------------------------------------------------------------------------- 35,000 Port Authority NY/NJ, 122nd Series 5.000 07/15/2026 35,334 - ---------------------------------------------------------------------------------------------------------------------------------- 425,000 Port Authority NY/NJ, 122nd Series 5.125 01/15/2036 428,213 - ---------------------------------------------------------------------------------------------------------------------------------- 745,000 Port Authority NY/NJ, 124th Series 5.000 08/01/2019 757,307 - ---------------------------------------------------------------------------------------------------------------------------------- 9,810,000 Port Authority NY/NJ, 124th Series 5.000 08/01/2036 9,858,363 - ---------------------------------------------------------------------------------------------------------------------------------- 245,000 Port Authority NY/NJ, 126th Series 5.125 11/15/2028 251,279 - ---------------------------------------------------------------------------------------------------------------------------------- 240,000 Port Authority NY/NJ, 126th Series 5.125 11/15/2030 245,191 - ---------------------------------------------------------------------------------------------------------------------------------- 1,145,000 Port Authority NY/NJ, 127th Series 5.125 06/15/2037 1,164,087 - ---------------------------------------------------------------------------------------------------------------------------------- 50,000 Port Authority NY/NJ, 127th Series 5.200 12/15/2027 51,835 - ---------------------------------------------------------------------------------------------------------------------------------- 7,070,000 Port Authority NY/NJ, 127th Series 5.250 12/15/2032 7,266,546 - ---------------------------------------------------------------------------------------------------------------------------------- 495,000 Port Authority NY/NJ, 132nd Series 5.000 09/01/2026 514,280 - ---------------------------------------------------------------------------------------------------------------------------------- 9,160,000 Port Authority NY/NJ, 132nd Series 5.000 09/01/2038 9,428,296 - ---------------------------------------------------------------------------------------------------------------------------------- 80,000,000 Port Authority NY/NJ, 135th Series 4 5.000 03/15/2039 82,244,000 - ---------------------------------------------------------------------------------------------------------------------------------- 17,855,000 Port Authority NY/NJ, 136th Series 5.125 05/01/2034 18,300,482 - ---------------------------------------------------------------------------------------------------------------------------------- 19,175,000 Port Authority NY/NJ, 136th Series 5.375 11/01/2028 20,183,222 - ---------------------------------------------------------------------------------------------------------------------------------- 22,855,000 Port Authority NY/NJ, 136th Series 5.500 11/01/2029 24,208,245 - ---------------------------------------------------------------------------------------------------------------------------------- 1,430,000 Port Authority NY/NJ, 137th Series 5.125 07/15/2030 1,473,272 - ---------------------------------------------------------------------------------------------------------------------------------- 30,000,000 Port Authority NY/NJ, 141st Series 4.500 09/01/2029 28,786,800 - ---------------------------------------------------------------------------------------------------------------------------------- 18,040,000 Port Authority NY/NJ, 141st Series 5.000 09/01/2027 18,514,091 - ---------------------------------------------------------------------------------------------------------------------------------- 47,910,000 Port Authority NY/NJ, 143rd Series 5.000 10/01/2030 48,773,817 - ---------------------------------------------------------------------------------------------------------------------------------- 27,535,000 Port Authority NY/NJ, 143rd Series 5.000 04/01/2036 27,858,261 - ---------------------------------------------------------------------------------------------------------------------------------- 14,350,000 Port Authority NY/NJ, 146th Series 4.500 12/01/2023 14,074,337 - ---------------------------------------------------------------------------------------------------------------------------------- 20,215,000 Port Authority NY/NJ, 146th Series 4.500 12/01/2034 18,811,270 - ---------------------------------------------------------------------------------------------------------------------------------- 26,110,000 Port Authority NY/NJ, 146th Series 4.750 12/01/2027 26,204,779 - ---------------------------------------------------------------------------------------------------------------------------------- 13,005,000 Port Authority NY/NJ, 147th Series 4.750 10/15/2028 13,024,508 - ---------------------------------------------------------------------------------------------------------------------------------- 35,660,000 Port Authority NY/NJ, 37th Series 5.250 07/15/2034 36,847,121 - ---------------------------------------------------------------------------------------------------------------------------------- 2,755,000 Poughkeepsie IDA (Eastman & Bixby Redevel. Corp.) 6.000 08/01/2032 2,863,878 - ---------------------------------------------------------------------------------------------------------------------------------- 1,990,000 Putnam County IDA (Brewster Plastics) 8.500 12/01/2016 2,022,994 - ---------------------------------------------------------------------------------------------------------------------------------- 11,240,000 Rensselaer City School District COP 6 5.000 06/01/2036 11,602,602 - ---------------------------------------------------------------------------------------------------------------------------------- 1,500,000 Rensselaer County IDA (Franciscan Heights) 5.375 12/01/2036 1,553,100 - ---------------------------------------------------------------------------------------------------------------------------------- 27,455,000 Rensselaer County IDA (Rensselaer Polytechnical Institute) 5.000 03/01/2036 28,069,443 - ---------------------------------------------------------------------------------------------------------------------------------- 6,385,000 Rensselaer County Tobacco Asset Securitization Corp. 4 5.625 06/01/2035 6,439,103 - ---------------------------------------------------------------------------------------------------------------------------------- 7,300,000 Rensselaer County Tobacco Asset Securitization Corp. 4 5.750 06/01/2043 7,384,102 - ---------------------------------------------------------------------------------------------------------------------------------- 18,415,000 Rensselaer Municipal Leasing Corp. (Rensselaer County Nursing Home) 6.900 06/01/2024 18,475,585 - ---------------------------------------------------------------------------------------------------------------------------------- 1,525,000 Riverhead IDA (Michael Reilly Design) 8.875 08/01/2021 1,584,582 - ---------------------------------------------------------------------------------------------------------------------------------- 5,365,000 Rochester Hsg. Authority (Andrews Terrace Apartments) 4.600 12/20/2026 5,123,843 - ---------------------------------------------------------------------------------------------------------------------------------- 7,565,000 Rochester Hsg. Authority (Andrews Terrace Apartments) 4.700 12/20/2038 7,111,100 - ---------------------------------------------------------------------------------------------------------------------------------- 15,695,000 Rochester Hsg. Authority (Andrews Terrace Apartments) 4.800 12/20/2048 14,712,650 - ---------------------------------------------------------------------------------------------------------------------------------- 6,790,000 Rochester Museum & Science Center 6.125 12/01/2015 6,816,888 - ---------------------------------------------------------------------------------------------------------------------------------- 1,195,000 Rockland County IDA (Crystal Run Village/Rockland County Assoc. for the Learning Disabled Obligated Group) 4.900 07/01/2021 1,187,591 - ---------------------------------------------------------------------------------------------------------------------------------- 9,225,000 Rockland County Tobacco Asset Securitization Corp. 4 5.625 08/15/2035 9,306,457 - ----------------------------------------------------------------------------------------------------------------------------------
21 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 10,095,000 Rockland County Tobacco Asset Securitization Corp. 4 5.750% 08/15/2043 $ 10,215,960 - ---------------------------------------------------------------------------------------------------------------------------------- 30,000,000 Rockland County Tobacco Asset Securitization Corp. 5.875 2 08/15/2045 2,439,900 - ---------------------------------------------------------------------------------------------------------------------------------- 441,000,000 Rockland County Tobacco Asset Securitization Corp. 7.624 2 08/15/2060 8,436,330 - ---------------------------------------------------------------------------------------------------------------------------------- 20,000 Sanford Town GO 5.250 04/15/2015 21,295 - ---------------------------------------------------------------------------------------------------------------------------------- 20,000 Sanford Town GO 5.250 04/15/2016 21,335 - ---------------------------------------------------------------------------------------------------------------------------------- 25,000 Sanford Town GO 5.250 04/15/2017 26,540 - ---------------------------------------------------------------------------------------------------------------------------------- 25,000 Sanford Town GO 5.250 04/15/2018 26,454 - ---------------------------------------------------------------------------------------------------------------------------------- 25,000 Sanford Town GO 5.250 04/15/2019 26,350 - ---------------------------------------------------------------------------------------------------------------------------------- 25,000 Sanford Town GO 5.250 04/15/2020 26,291 - ---------------------------------------------------------------------------------------------------------------------------------- 30,000 Sanford Town GO 5.250 04/15/2021 31,418 - ---------------------------------------------------------------------------------------------------------------------------------- 30,000 Sanford Town GO 5.250 04/15/2022 31,311 - ---------------------------------------------------------------------------------------------------------------------------------- 30,000 Sanford Town GO 5.250 04/15/2023 31,203 - ---------------------------------------------------------------------------------------------------------------------------------- 30,000 Sanford Town GO 5.250 04/15/2024 31,075 - ---------------------------------------------------------------------------------------------------------------------------------- 35,000 Sanford Town GO 5.250 04/15/2025 36,130 - ---------------------------------------------------------------------------------------------------------------------------------- 35,000 Sanford Town GO 5.250 04/15/2026 35,981 - ---------------------------------------------------------------------------------------------------------------------------------- 40,000 Sanford Town GO 5.250 04/15/2027 41,082 - ---------------------------------------------------------------------------------------------------------------------------------- 40,000 Sanford Town GO 5.250 04/15/2028 40,942 - ---------------------------------------------------------------------------------------------------------------------------------- 40,000 Sanford Town GO 5.250 04/15/2029 40,841 - ---------------------------------------------------------------------------------------------------------------------------------- 45,000 Sanford Town GO 5.250 04/15/2030 45,789 - ---------------------------------------------------------------------------------------------------------------------------------- 45,000 Sanford Town GO 5.250 04/15/2031 45,633 - ---------------------------------------------------------------------------------------------------------------------------------- 50,000 Sanford Town GO 5.250 04/15/2032 50,672 - ---------------------------------------------------------------------------------------------------------------------------------- 50,000 Sanford Town GO 5.250 04/15/2033 50,600 - ---------------------------------------------------------------------------------------------------------------------------------- 55,000 Sanford Town GO 5.250 04/15/2034 55,636 - ---------------------------------------------------------------------------------------------------------------------------------- 60,000 Sanford Town GO 5.250 04/15/2035 60,636 - ---------------------------------------------------------------------------------------------------------------------------------- 60,000 Sanford Town GO 5.250 04/15/2036 60,595 - ---------------------------------------------------------------------------------------------------------------------------------- 3,000,000 Saratoga County IDA (Saratoga Hospital/Saratoga Care/Benedict Community Health Center) 5.125 12/01/2033 3,010,020 - ---------------------------------------------------------------------------------------------------------------------------------- 1,635,000 Schenectady IDA (Schaffer Heights Hsg.) 6.000 11/01/2030 1,729,045 - ---------------------------------------------------------------------------------------------------------------------------------- 3,335,000 Schenectady IDA (Union College) 5.000 07/01/2031 3,437,318 - ---------------------------------------------------------------------------------------------------------------------------------- 3,405,000 Schenectady Metroplex Devel. Authority, Series A 5.375 12/15/2021 3,560,370 - ---------------------------------------------------------------------------------------------------------------------------------- 130,000 Schroon Lake Fire District 1 7.250 03/01/2009 131,079 - ---------------------------------------------------------------------------------------------------------------------------------- 175,000 Scotia Hsg. Authority (Holyrood House) 7.000 06/01/2009 175,469 - ---------------------------------------------------------------------------------------------------------------------------------- 2,650,000 Seneca County IDA (New York Chiropractic College) 5.000 10/01/2027 2,636,061 - ---------------------------------------------------------------------------------------------------------------------------------- 17,120,000 Seneca Nation Indians Capital Improvements 5.000 12/01/2023 16,379,046 - ---------------------------------------------------------------------------------------------------------------------------------- 2,480,000 SONYMA, Series 106 5.100 04/01/2023 2,504,329 - ---------------------------------------------------------------------------------------------------------------------------------- 22,920,000 SONYMA, Series 106 5.250 04/01/2034 23,088,920 - ---------------------------------------------------------------------------------------------------------------------------------- 33,560,000 SONYMA, Series 109 4 4.950 10/01/2034 32,754,392 - ---------------------------------------------------------------------------------------------------------------------------------- 5,500,000 SONYMA, Series 130 4.650 04/01/2027 5,271,805 - ---------------------------------------------------------------------------------------------------------------------------------- 14,865,000 SONYMA, Series 133 5.050 10/01/2026 14,943,339 - ---------------------------------------------------------------------------------------------------------------------------------- 23,500,000 SONYMA, Series 137 4.700 10/01/2031 22,316,070 - ---------------------------------------------------------------------------------------------------------------------------------- 23,290,000 SONYMA, Series 140 4.750 10/01/2037 22,548,214 - ---------------------------------------------------------------------------------------------------------------------------------- 2,145,000 SONYMA, Series 143 4.750 10/01/2022 2,123,443 - ---------------------------------------------------------------------------------------------------------------------------------- 2,000,000 SONYMA, Series 143 4.850 10/01/2027 1,966,060 - ---------------------------------------------------------------------------------------------------------------------------------- 2,375,000 SONYMA, Series 143 4.875 10/01/2030 2,320,399 - ---------------------------------------------------------------------------------------------------------------------------------- 11,745,000 SONYMA, Series 143 4.900 10/01/2037 11,377,264 - ---------------------------------------------------------------------------------------------------------------------------------- 700,000 SONYMA, Series 145 5.050 10/01/2029 700,784 - ---------------------------------------------------------------------------------------------------------------------------------- 5,045,000 SONYMA, Series 145 5.125 10/01/2037 5,029,613 - ---------------------------------------------------------------------------------------------------------------------------------- 2,475,000 SONYMA, Series 29 5.450 04/01/2031 2,499,206 - ----------------------------------------------------------------------------------------------------------------------------------
22 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 19,525,000 SONYMA, Series 29 5.450% 10/01/2031 $ 20,455,757 - ---------------------------------------------------------------------------------------------------------------------------------- 7,215,000 SONYMA, Series 35 4.800 10/01/2030 6,975,895 - ---------------------------------------------------------------------------------------------------------------------------------- 25,000 SONYMA, Series 67 5.700 10/01/2017 25,393 - ---------------------------------------------------------------------------------------------------------------------------------- 8,460,000 SONYMA, Series 67 5.800 10/01/2028 8,487,918 - ---------------------------------------------------------------------------------------------------------------------------------- 4,970,000 SONYMA, Series 69 4 5.500 10/01/2028 5,038,611 - ---------------------------------------------------------------------------------------------------------------------------------- 3,535,000 SONYMA, Series 69 5.400 10/01/2019 3,579,223 - ---------------------------------------------------------------------------------------------------------------------------------- 3,210,000 SONYMA, Series 69 5.500 10/01/2028 3,254,330 - ---------------------------------------------------------------------------------------------------------------------------------- 18,550,000 SONYMA, Series 71 4 5.400 04/01/2029 18,865,721 - ---------------------------------------------------------------------------------------------------------------------------------- 11,610,000 SONYMA, Series 71 5.400 04/01/2029 11,807,602 - ---------------------------------------------------------------------------------------------------------------------------------- 30,000 SONYMA, Series 71 5.400 04/01/2029 30,511 - ---------------------------------------------------------------------------------------------------------------------------------- 30,000 SONYMA, Series 73 5.250 10/01/2017 30,441 - ---------------------------------------------------------------------------------------------------------------------------------- 22,000,000 SONYMA, Series 73-A 4 5.300 10/01/2028 22,167,750 - ---------------------------------------------------------------------------------------------------------------------------------- 1,840,000 SONYMA, Series 73-A 5.300 10/01/2028 1,854,021 - ---------------------------------------------------------------------------------------------------------------------------------- 285,000 SONYMA, Series 77 5.150 04/01/2029 285,929 - ---------------------------------------------------------------------------------------------------------------------------------- 10,175,000 SONYMA, Series 79 5.300 04/01/2029 10,389,591 - ---------------------------------------------------------------------------------------------------------------------------------- 465,000 SONYMA, Series 82 5.650 04/01/2030 482,093 - ---------------------------------------------------------------------------------------------------------------------------------- 5,145,000 SONYMA, Series 97 5.500 04/01/2031 5,209,518 - ---------------------------------------------------------------------------------------------------------------------------------- 7,125,000 St. Lawrence County IDA (Clarkson University) 5.000 07/01/2031 7,332,409 - ---------------------------------------------------------------------------------------------------------------------------------- 1,225,000 Suffolk County IDA (ACLD) 6.000 12/01/2019 1,235,964 - ---------------------------------------------------------------------------------------------------------------------------------- 495,000 Suffolk County IDA (ALIA-ACDS) 7.125 06/01/2017 523,265 - ---------------------------------------------------------------------------------------------------------------------------------- 2,225,000 Suffolk County IDA (ALIA-ACLD) 5.950 10/01/2021 2,174,604 - ---------------------------------------------------------------------------------------------------------------------------------- 285,000 Suffolk County IDA (ALIA-ACLD) 6.375 06/01/2014 291,250 - ---------------------------------------------------------------------------------------------------------------------------------- 1,070,000 Suffolk County IDA (ALIA-ACLD) 6.500 03/01/2018 1,090,416 - ---------------------------------------------------------------------------------------------------------------------------------- 675,000 Suffolk County IDA (ALIA-ACLD) 7.500 09/01/2015 713,320 - ---------------------------------------------------------------------------------------------------------------------------------- 260,000 Suffolk County IDA (ALIA-ADD) 6.950 12/01/2014 273,962 - ---------------------------------------------------------------------------------------------------------------------------------- 450,000 Suffolk County IDA (ALIA-ADD) 7.125 06/01/2017 475,695 - ---------------------------------------------------------------------------------------------------------------------------------- 345,000 Suffolk County IDA (ALIA-ADD) 7.500 09/01/2015 364,586 - ---------------------------------------------------------------------------------------------------------------------------------- 3,220,000 Suffolk County IDA (ALIA-DDI) 5.950 10/01/2021 3,147,067 - ---------------------------------------------------------------------------------------------------------------------------------- 1,110,000 Suffolk County IDA (ALIA-DDI) 6.375 06/01/2014 1,134,342 - ---------------------------------------------------------------------------------------------------------------------------------- 100,000 Suffolk County IDA (ALIA-DDI) 7.500 09/01/2015 105,677 - ---------------------------------------------------------------------------------------------------------------------------------- 845,000 Suffolk County IDA (ALIA-FREE) 5.950 10/01/2021 825,861 - ---------------------------------------------------------------------------------------------------------------------------------- 630,000 Suffolk County IDA (ALIA-FREE) 6.375 06/01/2014 643,816 - ---------------------------------------------------------------------------------------------------------------------------------- 1,605,000 Suffolk County IDA (ALIA-FREE) 6.950 12/01/2014 1,691,189 - ---------------------------------------------------------------------------------------------------------------------------------- 3,620,000 Suffolk County IDA (ALIA-FREE) 7.125 06/01/2017 3,826,702 - ---------------------------------------------------------------------------------------------------------------------------------- 610,000 Suffolk County IDA (ALIA-IGHL) 5.950 10/01/2021 596,184 - ---------------------------------------------------------------------------------------------------------------------------------- 380,000 Suffolk County IDA (ALIA-IGHL) 6.000 10/01/2031 368,228 - ---------------------------------------------------------------------------------------------------------------------------------- 505,000 Suffolk County IDA (ALIA-IGHL) 6.375 06/01/2014 516,075 - ---------------------------------------------------------------------------------------------------------------------------------- 550,000 Suffolk County IDA (ALIA-IGHL) 6.950 12/01/2014 579,535 - ---------------------------------------------------------------------------------------------------------------------------------- 1,040,000 Suffolk County IDA (ALIA-IGHL) 7.125 06/01/2017 1,099,384 - ---------------------------------------------------------------------------------------------------------------------------------- 1,945,000 Suffolk County IDA (ALIA-IGHL) 7.250 12/01/2033 2,043,592 - ---------------------------------------------------------------------------------------------------------------------------------- 215,000 Suffolk County IDA (ALIA-IGHL) 7.500 09/01/2015 227,206 - ---------------------------------------------------------------------------------------------------------------------------------- 295,000 Suffolk County IDA (ALIA-L.I. Head Injury Assoc.) 6.375 06/01/2014 301,469 - ---------------------------------------------------------------------------------------------------------------------------------- 655,000 Suffolk County IDA (ALIA-L.I. Head Injury Assoc.) 6.950 12/01/2014 690,174 - ---------------------------------------------------------------------------------------------------------------------------------- 220,000 Suffolk County IDA (ALIA-L.I. Head Injury Assoc.) 7.500 09/01/2015 232,489 - ---------------------------------------------------------------------------------------------------------------------------------- 495,000 Suffolk County IDA (ALIA-MCH) 6.375 06/01/2014 505,855 - ---------------------------------------------------------------------------------------------------------------------------------- 1,535,000 Suffolk County IDA (ALIA-MCH) 6.950 12/01/2014 1,617,430 - ---------------------------------------------------------------------------------------------------------------------------------- 1,270,000 Suffolk County IDA (ALIA-MCH) 7.125 06/01/2017 1,342,517 - ---------------------------------------------------------------------------------------------------------------------------------- 670,000 Suffolk County IDA (ALIA-NYS ARC) 7.500 09/01/2015 708,036 - ---------------------------------------------------------------------------------------------------------------------------------- 360,000 Suffolk County IDA (ALIA-Pederson-Krag Center) 8.375 06/01/2016 385,186 - ---------------------------------------------------------------------------------------------------------------------------------- 540,000 Suffolk County IDA (ALIA-SMCFS) 7.500 09/01/2015 570,656 - ---------------------------------------------------------------------------------------------------------------------------------- 640,000 Suffolk County IDA (ALIA-Suffolk Hostels) 7.500 09/01/2015 676,333 - ----------------------------------------------------------------------------------------------------------------------------------
23 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 2,005,000 Suffolk County IDA (ALIA-UCPAGS) 5.950% 10/01/2021 $ 1,959,587 - ---------------------------------------------------------------------------------------------------------------------------------- 210,000 Suffolk County IDA (ALIA-UCPAGS) 6.375 06/01/2014 214,605 - ---------------------------------------------------------------------------------------------------------------------------------- 955,000 Suffolk County IDA (ALIA-UCPAGS) 6.950 12/01/2014 1,006,284 - ---------------------------------------------------------------------------------------------------------------------------------- 730,000 Suffolk County IDA (ALIA-UCPAGS) 7.000 06/01/2016 770,479 - ---------------------------------------------------------------------------------------------------------------------------------- 445,000 Suffolk County IDA (ALIA-UCPAGS) 7.500 09/01/2015 470,263 - ---------------------------------------------------------------------------------------------------------------------------------- 340,000 Suffolk County IDA (ALIA-WORCA) 6.950 12/01/2014 358,258 - ---------------------------------------------------------------------------------------------------------------------------------- 795,000 Suffolk County IDA (ALIA-WORCA) 7.125 06/01/2017 840,395 - ---------------------------------------------------------------------------------------------------------------------------------- 530,000 Suffolk County IDA (ALIA-WORCA) 7.500 09/01/2015 560,088 - ---------------------------------------------------------------------------------------------------------------------------------- 710,000 Suffolk County IDA (Catholic Charities) 6.000 10/01/2020 708,665 - ---------------------------------------------------------------------------------------------------------------------------------- 235,000 Suffolk County IDA (DDI) 6.000 12/01/2019 237,103 - ---------------------------------------------------------------------------------------------------------------------------------- 615,000 Suffolk County IDA (DDI) 6.000 10/01/2020 613,844 - ---------------------------------------------------------------------------------------------------------------------------------- 635,000 Suffolk County IDA (DDI) 6.000 10/01/2020 633,806 - ---------------------------------------------------------------------------------------------------------------------------------- 360,000 Suffolk County IDA (DDI) 6.250 03/01/2009 363,150 - ---------------------------------------------------------------------------------------------------------------------------------- 5,025,000 Suffolk County IDA (DDI) 7.250 03/01/2024 5,255,396 - ---------------------------------------------------------------------------------------------------------------------------------- 8,790,000 Suffolk County IDA (DDI) 8.750 03/01/2023 9,227,566 - ---------------------------------------------------------------------------------------------------------------------------------- 3,000,000 Suffolk County IDA (Dowling College) 5.000 06/01/2036 2,857,260 - ---------------------------------------------------------------------------------------------------------------------------------- 3,275,000 Suffolk County IDA (Dowling College) 6.700 12/01/2020 3,341,843 - ---------------------------------------------------------------------------------------------------------------------------------- 3,000,000 Suffolk County IDA (Easter Long Island Hospital Assoc.) 5.375 01/01/2027 2,844,660 - ---------------------------------------------------------------------------------------------------------------------------------- 2,745,000 Suffolk County IDA (Easter Long Island Hospital Assoc.) 5.500 01/01/2037 2,544,093 - ---------------------------------------------------------------------------------------------------------------------------------- 1,740,000 Suffolk County IDA (Family Residences) 6.000 12/01/2019 1,755,573 - ---------------------------------------------------------------------------------------------------------------------------------- 1,345,000 Suffolk County IDA (Family Services League) 5.000 11/01/2027 1,384,153 - ---------------------------------------------------------------------------------------------------------------------------------- 830,000 Suffolk County IDA (Family Services League) 5.000 11/01/2034 845,836 - ---------------------------------------------------------------------------------------------------------------------------------- 125,000 Suffolk County IDA (Federation of Organizations) 7.625 04/01/2010 128,081 - ---------------------------------------------------------------------------------------------------------------------------------- 2,195,000 Suffolk County IDA (Federation of Organizations) 8.125 04/01/2030 2,276,017 - ---------------------------------------------------------------------------------------------------------------------------------- 2,600,000 Suffolk County IDA (Gurwin Jewish-Phase II) 6.700 05/01/2039 2,785,458 - ---------------------------------------------------------------------------------------------------------------------------------- 3,860,000 Suffolk County IDA (Huntington First Aid Squad) 6.650 11/01/2017 3,963,757 - ---------------------------------------------------------------------------------------------------------------------------------- 270,000 Suffolk County IDA (Independent Group Home Living) 6.000 12/01/2019 272,417 - ---------------------------------------------------------------------------------------------------------------------------------- 1,360,000 Suffolk County IDA (Independent Group Home Living) 6.000 10/01/2020 1,357,443 - ---------------------------------------------------------------------------------------------------------------------------------- 7,200,000 Suffolk County IDA (Jefferson's Ferry) 5.000 11/01/2028 6,783,480 - ---------------------------------------------------------------------------------------------------------------------------------- 13,920,000 Suffolk County IDA (Keyspan-Port Jefferson Center) 5.250 06/01/2027 14,144,112 - ---------------------------------------------------------------------------------------------------------------------------------- 4,065,000 Suffolk County IDA (L.I. Network Community Services) 7.550 02/01/2034 4,186,422 - ---------------------------------------------------------------------------------------------------------------------------------- 8,000,000 Suffolk County IDA (Medford Hamlet Assisted Living) 6.375 01/01/2039 8,019,920 - ---------------------------------------------------------------------------------------------------------------------------------- 1,865,000 Suffolk County IDA (Nassau-Suffolk Services for Autism) 6.750 11/01/2036 1,851,982 - ---------------------------------------------------------------------------------------------------------------------------------- 635,000 Suffolk County IDA (Nassau-Suffolk Services for Autism) 6.750 11/01/2036 630,568 - ---------------------------------------------------------------------------------------------------------------------------------- 3,080,000 Suffolk County IDA (New Interdisciplinary School) 6.750 12/01/2019 3,122,658 - ---------------------------------------------------------------------------------------------------------------------------------- 450,000 Suffolk County IDA (Nissequogue Cogeneration Partners) 4.875 01/01/2008 449,330 - ---------------------------------------------------------------------------------------------------------------------------------- 8,750,000 Suffolk County IDA (Nissequogue Cogeneration Partners) 5.300 01/01/2013 8,563,013 - ---------------------------------------------------------------------------------------------------------------------------------- 18,925,000 Suffolk County IDA (Nissequogue Cogeneration Partners) 5.500 01/01/2023 18,135,449 - ---------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Suffolk County IDA (Peconic Landing Retirement Home) 8.000 10/01/2020 1,087,320 - ----------------------------------------------------------------------------------------------------------------------------------
24 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ---------------------------------------------------------------------------------------------------------------------------------- NEW YORK CONTINUED - ---------------------------------------------------------------------------------------------------------------------------------- $ 2,850,000 Suffolk County IDA (Peconic Landing Retirement Home) 8.000% 10/01/2030 $ 3,088,944 - ---------------------------------------------------------------------------------------------------------------------------------- 4,800,000 Suffolk County IDA (Pederson-Krager Center) 7.200 02/01/2035 5,021,712 - ---------------------------------------------------------------------------------------------------------------------------------- 145,000 Suffolk County IDA (Pederson-Krager Center) 7.625 04/01/2010 150,364 - ---------------------------------------------------------------------------------------------------------------------------------- 2,545,000 Suffolk County IDA (Pederson-Krager Center) 8.125 04/01/2030 2,704,444 - ---------------------------------------------------------------------------------------------------------------------------------- 150,000 Suffolk County IDA (St. Vincent De Paul in the Diocese of Rockville Center) 7.000 04/01/2010 154,332 - ---------------------------------------------------------------------------------------------------------------------------------- 2,595,000 Suffolk County IDA (St. Vincent De Paul in the Diocese of Rockville Center) 8.000 04/01/2030 2,709,751 - ---------------------------------------------------------------------------------------------------------------------------------- 535,000 Suffolk County IDA (Suffolk Hotels) 6.000 10/01/2020 533,994 - ---------------------------------------------------------------------------------------------------------------------------------- 2,140,000 Suffolk County IDA (United Cerebral Palsy Assoc.) 6.000 12/01/2019 2,159,153 - ---------------------------------------------------------------------------------------------------------------------------------- 3,325,000 Suffolk County IDA (United Cerebral Palsy Assoc.) 7.875 09/01/2041 3,426,446 - ---------------------------------------------------------------------------------------------------------------------------------- 1,620,000 Suffolk County IDA (Windmill Village) 5.700 12/01/2026 1,687,117 - ---------------------------------------------------------------------------------------------------------------------------------- 1,305,000 Suffolk County IDA (Windmill Village) 5.750 12/01/2031 1,355,660 - ---------------------------------------------------------------------------------------------------------------------------------- 995,000 Suffolk County IDA (WORCA) 6.000 10/01/2020 993,129 - ---------------------------------------------------------------------------------------------------------------------------------- 50,000 Suffolk County Water Authority 5.125 06/01/2026 52,177 - ---------------------------------------------------------------------------------------------------------------------------------- 4,000,000 Sullivan County Community College COP 1 5.750 08/15/2025 3,841,840 - ---------------------------------------------------------------------------------------------------------------------------------- 4,355,000 Sullivan County IDA (Center for Discovery) 5.625 06/01/2013 4,328,304 - ---------------------------------------------------------------------------------------------------------------------------------- 14,115,000 Sullivan County IDA (Center for Discovery) 5.875 07/01/2022 13,956,630 - ---------------------------------------------------------------------------------------------------------------------------------- 6,400,000 Sullivan County IDA (Center for Discovery) 6.000 06/01/2019 6,415,424 - ---------------------------------------------------------------------------------------------------------------------------------- 13,840,000 Sullivan County IDA (Center for Discovery) 6.000 07/01/2037 13,622,435 - ---------------------------------------------------------------------------------------------------------------------------------- 4,800,000 Sullivan County IDA (Center for Discovery) 6.500 06/01/2025 4,921,152 - ---------------------------------------------------------------------------------------------------------------------------------- 4,650,000 Sullivan County IDA (Center for Discovery) 6.950 02/01/2035 4,885,848 - ---------------------------------------------------------------------------------------------------------------------------------- 1,915,000 Sullivan County IDA (Center for Discovery) 7.250 02/01/2012 1,982,465 - ---------------------------------------------------------------------------------------------------------------------------------- 9,965,000 Sullivan County IDA (Center for Discovery) 7.750 02/01/2027 10,499,024 - ---------------------------------------------------------------------------------------------------------------------------------- 8,350,000 Sullivan County IDA (SCCC Dorm Corp. Civic Facility) 7.250 06/01/2027 8,466,900 - ---------------------------------------------------------------------------------------------------------------------------------- 145,000 Syracuse Hsg. Authority (Loretto Sedgwick Heights Corp.) 7.375 11/01/2008 144,002 - ---------------------------------------------------------------------------------------------------------------------------------- 6,995,000 Syracuse Hsg. Authority (Loretto Sedgwick Heights Corp.) 8.500 11/01/2031 6,843,698 - ---------------------------------------------------------------------------------------------------------------------------------- 6,590,000 Syracuse Hsg. Authority (LRRHCF) 5.800 08/01/2037 6,758,968 - ---------------------------------------------------------------------------------------------------------------------------------- 2,435,000 Syracuse Hsg. Authority (Pavilion on James) 7.500 11/01/2042 2,320,945 - ---------------------------------------------------------------------------------------------------------------------------------- 75,000 Syracuse IDA (Anoplate Corp.) 7.250 11/01/2007 75,101 - ---------------------------------------------------------------------------------------------------------------------------------- 2,195,000 Syracuse IDA (Anoplate Corp.) 8.000 11/01/2022 2,277,730 - ---------------------------------------------------------------------------------------------------------------------------------- 168,000,000 Syracuse IDA (Carousel Center) 4 5.000 01/01/2036 170,100,000 - ---------------------------------------------------------------------------------------------------------------------------------- 1,000,000 Syracuse IDA (Crouse Irving Health Hospital) 5.375 01/01/2023 903,240 - ---------------------------------------------------------------------------------------------------------------------------------- 13,885,000 Syracuse IDA (James Square) 7.197 2 08/01/2025 4,161,335 - ---------------------------------------------------------------------------------------------------------------------------------- 725,000 Syracuse IDA (Jewish Home of Central New York) 7.375 03/01/2021 766,231 - ---------------------------------------------------------------------------------------------------------------------------------- 2,050,000 Syracuse IDA (Jewish Home of Central New York) 7.375 03/01/2031 2,160,721 - ---------------------------------------------------------------------------------------------------------------------------------- 75,000 Taconic Hills Central School District at Craryville 5.000 06/15/2026 77,797 - ---------------------------------------------------------------------------------------------------------------------------------- 7,500,000 Tobacco Settlement Financing Corp. (TASC) 5.500 06/01/2019 8,040,075 - ---------------------------------------------------------------------------------------------------------------------------------- 13,825,000 Tobacco Settlement Financing Corp. (TASC) 5.500 06/01/2021 14,770,077 - ---------------------------------------------------------------------------------------------------------------------------------- 3,750,000 Tompkins County IDA (Ithacare Center) 6.200 02/01/2037 3,831,488 - ---------------------------------------------------------------------------------------------------------------------------------- 55,000 Tompkins Health Care Corp. (Reconstruction Home) 10.800 02/01/2028 60,418 - ---------------------------------------------------------------------------------------------------------------------------------- 470,000 Tonawanda Senior Citizen Hsg. Corp. 6.500 12/01/2010 475,156 - ---------------------------------------------------------------------------------------------------------------------------------- 16,760,000 Triborough Bridge & Tunnel Authority 4 5.000 01/01/2032 17,224,922 - ---------------------------------------------------------------------------------------------------------------------------------- 25,000 Triborough Bridge & Tunnel Authority 5.000 01/01/2032 25,492 - ---------------------------------------------------------------------------------------------------------------------------------- 33,060,000 Triborough Bridge & Tunnel Authority, Series A 4 5.000 01/01/2027 33,852,614 - ---------------------------------------------------------------------------------------------------------------------------------- 115,500,000 TSASC, Inc. (TFABs) 4 5.000 06/01/2034 108,768,083 - ----------------------------------------------------------------------------------------------------------------------------------
25 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ------------------------------------------------------------------------------------------------------------------------------------ NEW YORK CONTINUED - ------------------------------------------------------------------------------------------------------------------------------------ $ 287,180,000 TSASC, Inc. (TFABs) 4 5.125% 06/01/2042 $ 271,523,515 - ------------------------------------------------------------------------------------------------------------------------------------ 11,250,000 TSASC, Inc. (TFABs) 5.000 06/01/2026 10,918,238 - ------------------------------------------------------------------------------------------------------------------------------------ 33,890,000 TSASC, Inc. (TFABs) 5.000 06/01/2034 31,914,552 - ------------------------------------------------------------------------------------------------------------------------------------ 48,945,000 TSASC, Inc. (TFABs) 5.125 06/01/2042 46,256,941 - ------------------------------------------------------------------------------------------------------------------------------------ 995,000 UCP/HCA of Chemung County 6.600 08/01/2022 1,016,990 - ------------------------------------------------------------------------------------------------------------------------------------ 2,175,000 Ulser County Tobacco Asset Securitization Corp. 1 6.250 06/01/2025 2,275,964 - ------------------------------------------------------------------------------------------------------------------------------------ 13,200,000 Ulster County IDA (Benedictine Hospital) 6.500 11/01/2036 12,978,900 - ------------------------------------------------------------------------------------------------------------------------------------ 1,710,000 Ulster County IDA (Brooklyn Bottling) 8.600 06/30/2022 1,717,404 - ------------------------------------------------------------------------------------------------------------------------------------ 4,000,000 Ulster County IDA (Kingston Hospital) 5.650 11/15/2024 4,105,880 - ------------------------------------------------------------------------------------------------------------------------------------ 1,465,000 Ulster County IDA (Mid-Hudson Family Health Services) 5.350 07/01/2023 1,489,773 - ------------------------------------------------------------------------------------------------------------------------------------ 175,000 Ulster County Res Rec 5.000 03/01/2019 180,787 - ------------------------------------------------------------------------------------------------------------------------------------ 185,000 Ulster County Res Rec 5.000 03/01/2020 190,570 - ------------------------------------------------------------------------------------------------------------------------------------ 3,005,000 Ulster County Tobacco Asset Securitization Corp. 0.000 5 06/01/2040 2,647,946 - ------------------------------------------------------------------------------------------------------------------------------------ 2,935,000 Ulster County Tobacco Asset Securitization Corp. 6.000 06/01/2040 3,010,899 - ------------------------------------------------------------------------------------------------------------------------------------ 2,000,000 United Nations Devel. Corp., Series A 5.250 07/01/2026 2,006,140 - ------------------------------------------------------------------------------------------------------------------------------------ 500,000 Utica GO 6.100 01/15/2013 533,100 - ------------------------------------------------------------------------------------------------------------------------------------ 3,550,000 Utica IDA (Utica College Civic Facility) 6.850 12/01/2031 3,793,140 - ------------------------------------------------------------------------------------------------------------------------------------ 2,455,000 Wayne County IDA (ARC) 8.375 03/01/2018 2,459,665 - ------------------------------------------------------------------------------------------------------------------------------------ 20,000 Westchester County GO 5.375 12/15/2014 20,062 - ------------------------------------------------------------------------------------------------------------------------------------ 300,000 Westchester County Healthcare Corp., Series A 5.875 11/01/2025 306,813 - ------------------------------------------------------------------------------------------------------------------------------------ 1,870,000 Westchester County IDA (Beth Abraham Hospital) 8.375 12/01/2025 1,896,367 - ------------------------------------------------------------------------------------------------------------------------------------ 90,000 Westchester County IDA (Children's Village) 5.375 03/15/2019 90,466 - ------------------------------------------------------------------------------------------------------------------------------------ 4,120,000 Westchester County IDA (Children's Village) 6.000 06/01/2022 4,214,966 - ------------------------------------------------------------------------------------------------------------------------------------ 1,215,000 Westchester County IDA (Clearview School) 7.250 01/01/2035 1,255,302 - ------------------------------------------------------------------------------------------------------------------------------------ 1,300,000 Westchester County IDA (Guiding Eyes for the Blind) 5.375 08/01/2024 1,345,682 - ------------------------------------------------------------------------------------------------------------------------------------ 2,000,000 Westchester County IDA (Hebrew Hospital Senior Hsg.) 7.375 07/01/2030 2,117,140 - ------------------------------------------------------------------------------------------------------------------------------------ 1,560,000 Westchester County IDA (JDAM) 6.750 04/01/2016 1,572,121 - ------------------------------------------------------------------------------------------------------------------------------------ 3,325,000 Westchester County IDA (Lawrence Hospital) 5.000 01/01/2028 3,248,159 - ------------------------------------------------------------------------------------------------------------------------------------ 820,000 Westchester County IDA (Lawrence Hospital) 5.125 01/01/2018 827,060 - ------------------------------------------------------------------------------------------------------------------------------------ 1,275,000 Westchester County IDA (Living Independently for the Elderly) 5.375 08/20/2021 1,344,985 - ------------------------------------------------------------------------------------------------------------------------------------ 3,035,000 Westchester County IDA (Living Independently for the Elderly) 5.400 08/20/2032 3,169,633 - ------------------------------------------------------------------------------------------------------------------------------------ 1,545,000 Westchester County IDA (Rippowam-Cisqua School) 5.750 06/01/2029 1,559,956 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Westchester County IDA (Schnurmacher Center) 6.500 11/01/2013 1,054,620 - ------------------------------------------------------------------------------------------------------------------------------------ 1,710,000 Westchester County IDA (Schnurmacher Center) 6.500 11/01/2033 1,787,549 - ------------------------------------------------------------------------------------------------------------------------------------ 160,000 Westchester County IDA (Westchester Airport Assoc.) 5.950 08/01/2024 160,613 - ------------------------------------------------------------------------------------------------------------------------------------ 2,590,000 Westchester County IDA (Winward School) 5.250 10/01/2031 2,609,503 - ------------------------------------------------------------------------------------------------------------------------------------ 52,500,000 Westchester County Tobacco Asset Securitization Corp. 4 5.125 06/01/2038 50,230,425 - ------------------------------------------------------------------------------------------------------------------------------------ 52,670,000 Westchester County Tobacco Asset Securitization Corp. 4 5.125 06/01/2045 49,827,008 - ------------------------------------------------------------------------------------------------------------------------------------ 76,375,000 Westchester County Tobacco Asset Securitization Corp. 0.000 5 07/15/2039 86,335,064 - ------------------------------------------------------------------------------------------------------------------------------------ 7,400,000 Westchester County Tobacco Asset Securitization Corp. 5.125 06/01/2038 7,080,098 - ------------------------------------------------------------------------------------------------------------------------------------
26 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ------------------------------------------------------------------------------------------------------------------------------------ NEW YORK CONTINUED - ------------------------------------------------------------------------------------------------------------------------------------ $ 3,515,000 Yates County IDA (SSMH) 5.650% 02/01/2039 $ 3,653,280 - ------------------------------------------------------------------------------------------------------------------------------------ 4,500,000 Yonkers GO 5.000 08/01/2035 4,627,530 - ------------------------------------------------------------------------------------------------------------------------------------ 4,685,000 Yonkers IDA (Hudson Scenic Studio) 6.625 11/01/2019 4,753,776 - ------------------------------------------------------------------------------------------------------------------------------------ 4,445,000 Yonkers IDA (Monastery Manor Associates) 5.250 04/01/2037 4,547,324 - ------------------------------------------------------------------------------------------------------------------------------------ 1,590,000 Yonkers IDA (Philipsburgh Hall Associates) 7.500 11/01/2030 1,378,816 - ------------------------------------------------------------------------------------------------------------------------------------ 730,000 Yonkers IDA (Sacred Heart Assoc.) 4.800 10/01/2026 722,284 - ------------------------------------------------------------------------------------------------------------------------------------ 2,355,000 Yonkers IDA (Sacred Heart Assoc.) 5.000 10/01/2037 2,347,723 - ------------------------------------------------------------------------------------------------------------------------------------ 2,515,000 Yonkers IDA (St. John's Riverside Hospital) 7.125 07/01/2031 2,647,792 - ------------------------------------------------------------------------------------------------------------------------------------ 900,000 Yonkers IDA (St. Joseph's Hospital) 5.900 03/01/2008 899,064 - ------------------------------------------------------------------------------------------------------------------------------------ 2,550,000 Yonkers IDA (St. Joseph's Hospital) 8.500 12/30/2013 2,557,370 - ------------------------------------------------------------------------------------------------------------------------------------ 3,145,000 Yonkers IDA (Westchester School) 8.750 12/30/2023 3,207,019 - ------------------------------------------------------------------------------------------------------------------------------------ 800,000 Yonkers Parking Authority 6.000 06/15/2018 826,056 - ------------------------------------------------------------------------------------------------------------------------------------ 1,215,000 Yonkers Parking Authority 6.000 06/15/2024 1,243,212 ---------------- 10,592,668,052 U.S. POSSESSIONS--22.4% 2,995,000 Guam EDA (Harmon Village Apartments) 1,9,10 9.375 11/01/2018 -- - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Guam Education Financing Foundation COP 5.000 10/01/2023 1,029,970 - ------------------------------------------------------------------------------------------------------------------------------------ 3,000,000 Guam Government Waterworks Authority & Wastewater System 5.875 07/01/2035 3,067,140 - ------------------------------------------------------------------------------------------------------------------------------------ 290,000 Guam Power Authority, Series A 5.250 10/01/2023 279,508 - ------------------------------------------------------------------------------------------------------------------------------------ 20,000,000 Guam Power Authority, Series A 5.250 10/01/2034 19,341,800 - ------------------------------------------------------------------------------------------------------------------------------------ 7,525,000 Northern Mariana Islands Ports Authority, Series A 6.250 03/15/2028 7,134,528 - ------------------------------------------------------------------------------------------------------------------------------------ 18,185,000 Northern Mariana Islands Ports Authority, Series A 6.600 03/15/2028 20,457,034 - ------------------------------------------------------------------------------------------------------------------------------------ 375,000 Puerto Rico Aqueduct & Sewer Authority 5.000 07/01/2015 377,513 - ------------------------------------------------------------------------------------------------------------------------------------ 10,500,000 Puerto Rico Children's Trust Fund (TASC) 5.500 05/15/2039 10,512,390 - ------------------------------------------------------------------------------------------------------------------------------------ 37,950,000 Puerto Rico Children's Trust Fund (TASC) 11 5.625 05/15/2043 38,108,252 - ------------------------------------------------------------------------------------------------------------------------------------ 20,000 Puerto Rico Commonwealth GO 5.000 07/01/2026 20,366 - ------------------------------------------------------------------------------------------------------------------------------------ 14,000,000 Puerto Rico Commonwealth GO 5.000 07/01/2027 14,169,960 - ------------------------------------------------------------------------------------------------------------------------------------ 17,010,000 Puerto Rico Commonwealth GO 5.000 07/01/2029 17,227,558 - ------------------------------------------------------------------------------------------------------------------------------------ 48,655,000 Puerto Rico Commonwealth GO 5.000 07/01/2033 48,977,583 - ------------------------------------------------------------------------------------------------------------------------------------ 105,355,000 Puerto Rico Commonwealth GO 5.000 07/01/2035 106,202,054 - ------------------------------------------------------------------------------------------------------------------------------------ 5,605,000 Puerto Rico Commonwealth GO 5.125 07/01/2031 5,673,269 - ------------------------------------------------------------------------------------------------------------------------------------ 5,250,000 Puerto Rico Commonwealth GO 5.250 07/01/2022 5,495,280 - ------------------------------------------------------------------------------------------------------------------------------------ 6,350,000 Puerto Rico Commonwealth GO 5.250 07/01/2030 6,567,932 - ------------------------------------------------------------------------------------------------------------------------------------ 28,985,000 Puerto Rico Commonwealth GO 5.250 07/01/2032 29,875,129 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 Puerto Rico Electric Power Authority, Series TT 5.000 07/01/2026 5,141,600 - ------------------------------------------------------------------------------------------------------------------------------------ 13,350,000 Puerto Rico Electric Power Authority, Series TT 5.000 07/01/2027 13,696,433 - ------------------------------------------------------------------------------------------------------------------------------------ 23,155,000 Puerto Rico Electric Power Authority, Series TT 5.000 07/01/2032 23,555,813 - ------------------------------------------------------------------------------------------------------------------------------------ 51,350,000 Puerto Rico Electric Power Authority, Series TT 5.000 07/01/2037 52,079,170 - ------------------------------------------------------------------------------------------------------------------------------------ 60,000,000 Puerto Rico Electric Power Authority, Series UU 4 4.111 7 07/01/2029 58,914,750 - ------------------------------------------------------------------------------------------------------------------------------------ 106,500,000 Puerto Rico Electric Power Authority, Series UU 4 4.271 7 07/01/2025 100,829,195 - ------------------------------------------------------------------------------------------------------------------------------------ 209,100,000 Puerto Rico Electric Power Authority, Series UU 4 4.291 7 07/01/2031 197,966,052 - ------------------------------------------------------------------------------------------------------------------------------------ 70,000 Puerto Rico HFC 5.100 12/01/2018 70,425 - ------------------------------------------------------------------------------------------------------------------------------------ 1,890,000 Puerto Rico HFC 5.500 12/01/2023 1,934,264 - ------------------------------------------------------------------------------------------------------------------------------------ 9,515,000 Puerto Rico Highway & Transportation Authority 5.000 07/01/2028 9,625,755 - ------------------------------------------------------------------------------------------------------------------------------------ 270,000 Puerto Rico Highway & Transportation Authority 5.750 07/01/2020 291,406 - ------------------------------------------------------------------------------------------------------------------------------------ 8,740,000 Puerto Rico Highway & Transportation Authority, Series G 5.000 07/01/2033 8,797,946 - ------------------------------------------------------------------------------------------------------------------------------------ 28,370,000 Puerto Rico Highway & Transportation Authority, Series G 5.000 07/01/2042 28,459,366 - ------------------------------------------------------------------------------------------------------------------------------------
27 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ------------------------------------------------------------------------------------------------------------------------------------ U.S. POSSESSIONS CONTINUED - ------------------------------------------------------------------------------------------------------------------------------------ $ 10,000,000 Puerto Rico Highway & Transportation Authority, Series K 5.000% 07/01/2025 $ 10,202,200 - ------------------------------------------------------------------------------------------------------------------------------------ 14,725,000 Puerto Rico Highway & Transportation Authority, Series K 5.000 07/01/2026 15,013,168 - ------------------------------------------------------------------------------------------------------------------------------------ 8,000,000 Puerto Rico Highway & Transportation Authority, Series K 5.000 07/01/2027 8,140,960 - ------------------------------------------------------------------------------------------------------------------------------------ 2,000,000 Puerto Rico Highway & Transportation Authority, Series K 5.000 07/01/2030 2,024,860 - ------------------------------------------------------------------------------------------------------------------------------------ 21,700,000 Puerto Rico Highway & Transportation Authority, Series M 5.000 07/01/2032 21,940,653 - ------------------------------------------------------------------------------------------------------------------------------------ 7,125,000 Puerto Rico Highway & Transportation Authority, Series M 5.000 07/01/2037 7,181,929 - ------------------------------------------------------------------------------------------------------------------------------------ 64,815,000 Puerto Rico Highway & Transportation Authority, Series M 5.000 07/01/2046 65,133,242 - ------------------------------------------------------------------------------------------------------------------------------------ 125,620,000 Puerto Rico Highway & Transportation Authority, Series N 4 4.121 7 07/01/2041 119,220,134 - ------------------------------------------------------------------------------------------------------------------------------------ 54,940,000 Puerto Rico Highway & Transportation Authority, Series N 4 4.121 7 07/01/2045 52,141,014 - ------------------------------------------------------------------------------------------------------------------------------------ 20,000,000 Puerto Rico Highway & Transportation Authority, Series N 4.121 7 07/01/2045 18,958,600 - ------------------------------------------------------------------------------------------------------------------------------------ 3,650,000 Puerto Rico Infrastructure 5.000 07/01/2025 3,723,657 - ------------------------------------------------------------------------------------------------------------------------------------ 17,055,000 Puerto Rico Infrastructure 5.000 07/01/2031 17,252,667 - ------------------------------------------------------------------------------------------------------------------------------------ 6,000,000 Puerto Rico Infrastructure 5.000 07/01/2037 6,039,840 - ------------------------------------------------------------------------------------------------------------------------------------ 17,590,000 Puerto Rico Infrastructure 5.000 07/01/2037 17,718,935 - ------------------------------------------------------------------------------------------------------------------------------------ 202,145,000 Puerto Rico Infrastructure 5.000 07/01/2041 203,226,476 - ------------------------------------------------------------------------------------------------------------------------------------ 154,175,000 Puerto Rico Infrastructure 5.000 07/01/2046 154,868,788 - ------------------------------------------------------------------------------------------------------------------------------------ 1,080,000 Puerto Rico ITEMECF (Ana G. Mendez University) 5.375 02/01/2019 1,095,066 - ------------------------------------------------------------------------------------------------------------------------------------ 1,575,000 Puerto Rico ITEMECF (Ana G. Mendez University) 5.375 12/01/2021 1,604,673 - ------------------------------------------------------------------------------------------------------------------------------------ 5,750,000 Puerto Rico ITEMECF (Ana G. Mendez University) 5.375 02/01/2029 5,761,730 - ------------------------------------------------------------------------------------------------------------------------------------ 6,315,000 Puerto Rico ITEMECF (Ana G. Mendez University) 5.500 12/01/2031 6,372,024 - ------------------------------------------------------------------------------------------------------------------------------------ 42,400,000 Puerto Rico ITEMECF (Cogeneration Facilities) 6.625 06/01/2026 45,140,312 - ------------------------------------------------------------------------------------------------------------------------------------ 2,765,000 Puerto Rico ITEMECF (Mennonite General Hospital) 5.625 07/01/2017 2,600,427 - ------------------------------------------------------------------------------------------------------------------------------------ 985,000 Puerto Rico ITEMECF (Mennonite General Hospital) 5.625 07/01/2027 884,215 - ------------------------------------------------------------------------------------------------------------------------------------ 8,770,000 Puerto Rico ITEMECF (Mennonite General Hospital) 6.500 07/01/2018 8,771,754 - ------------------------------------------------------------------------------------------------------------------------------------ 12,380,000 Puerto Rico ITEMECF (Mennonite General Hospital) 6.500 07/01/2026 12,305,472 - ------------------------------------------------------------------------------------------------------------------------------------ 325,000 Puerto Rico ITEMECF (Ryder Memorial Hospital) 6.400 05/01/2009 325,062 - ------------------------------------------------------------------------------------------------------------------------------------ 2,450,000 Puerto Rico ITEMECF (Ryder Memorial Hospital) 6.600 05/01/2014 2,449,951 - ------------------------------------------------------------------------------------------------------------------------------------ 5,250,000 Puerto Rico ITEMECF (Ryder Memorial Hospital) 6.700 05/01/2024 5,250,368 - ------------------------------------------------------------------------------------------------------------------------------------ 7,000,000 Puerto Rico ITEMECF (San Lucas & Cristo Redentor Hospitals) 5.750 06/01/2029 6,489,140 - ------------------------------------------------------------------------------------------------------------------------------------ 500,000 Puerto Rico ITEMECF (University of the Sacred Heart) 5.250 09/01/2021 507,015 - ------------------------------------------------------------------------------------------------------------------------------------ 8,000,000 Puerto Rico ITEMECF (University of the Sacred Heart) 6 5.250 09/01/2031 8,012,320 - ------------------------------------------------------------------------------------------------------------------------------------ 5,000,000 Puerto Rico Municipal Finance Agency, Series A 5.250 08/01/2024 5,196,600 - ------------------------------------------------------------------------------------------------------------------------------------ 1,500,000 Puerto Rico Municipal Finance Agency, Series A 5.250 08/01/2025 1,555,980 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 Puerto Rico Port Authority (American Airlines), Series A 6.250 06/01/2026 1,000,540 - ------------------------------------------------------------------------------------------------------------------------------------ 10,440,000 Puerto Rico Port Authority (American Airlines), Series A 6.300 06/01/2023 10,439,896 - ------------------------------------------------------------------------------------------------------------------------------------ 1,940,000 Puerto Rico Public Buildings Authority 5.000 07/01/2026 1,962,349 - ------------------------------------------------------------------------------------------------------------------------------------ 57,855,000 Puerto Rico Public Buildings Authority 5.000 07/01/2036 58,196,345 - ------------------------------------------------------------------------------------------------------------------------------------
28 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT COUPON MATURITY VALUE - ------------------------------------------------------------------------------------------------------------------------------------ U.S. POSSESSIONS CONTINUED - ------------------------------------------------------------------------------------------------------------------------------------ $ 52,000,000 Puerto Rico Public Buildings Authority 5.250% 07/01/2029 $ 53,772,680 - ------------------------------------------------------------------------------------------------------------------------------------ 90,400,000 Puerto Rico Public Buildings Authority 5.250 07/01/2033 92,953,800 - ------------------------------------------------------------------------------------------------------------------------------------ 120,000 Puerto Rico Public Buildings Authority 5.375 07/01/2033 123,383 - ------------------------------------------------------------------------------------------------------------------------------------ 120,000,000 Puerto Rico Sales Tax Financing Corp., Series A 4 4.518 7 08/01/2057 116,758,800 - ------------------------------------------------------------------------------------------------------------------------------------ 389,700,000 Puerto Rico Sales Tax Financing Corp., Series A 5.052 2 08/01/2054 38,377,656 - ------------------------------------------------------------------------------------------------------------------------------------ 186,765,000 Puerto Rico Sales Tax Financing Corp., Series A 5.250 08/01/2057 193,654,761 - ------------------------------------------------------------------------------------------------------------------------------------ 13,200,000 Puerto Rico Sales Tax Financing Corp., Series A 5.340 2 08/01/2056 1,065,372 - ------------------------------------------------------------------------------------------------------------------------------------ 4,525,000 University of Puerto Rico 5.000 06/01/2026 4,612,423 - ------------------------------------------------------------------------------------------------------------------------------------ 10,010,000 University of Puerto Rico, Series P 5.000 06/01/2022 10,275,065 - ------------------------------------------------------------------------------------------------------------------------------------ 5,280,000 University of Puerto Rico, Series P 5.000 06/01/2030 5,351,966 - ------------------------------------------------------------------------------------------------------------------------------------ 24,375,000 University of Puerto Rico, Series Q 5.000 06/01/2030 24,707,231 - ------------------------------------------------------------------------------------------------------------------------------------ 65,780,000 University of Puerto Rico, Series Q 5.000 06/01/2036 66,258,878 - ------------------------------------------------------------------------------------------------------------------------------------ 9,230,000 University of V.I., Series A 5.375 06/01/2034 9,283,811 - ------------------------------------------------------------------------------------------------------------------------------------ 2,040,000 University of V.I., Series A 6.250 12/01/2029 2,119,662 - ------------------------------------------------------------------------------------------------------------------------------------ 1,250,000 V.I. Government Refinery Facilities (Hovensa Coker) 6.500 07/01/2021 1,331,775 - ------------------------------------------------------------------------------------------------------------------------------------ 25,000 V.I. HFA, Series A 6.450 03/01/2016 25,266 - ------------------------------------------------------------------------------------------------------------------------------------ 18,720,000 V.I. Public Finance Authority (Gross Receipts Taxes Loan) 5.000 10/01/2031 18,247,320 - ------------------------------------------------------------------------------------------------------------------------------------ 550,000 V.I. Public Finance Authority (Gross Receipts Taxes Loan) 6 5.000 10/01/2033 545,254 - ------------------------------------------------------------------------------------------------------------------------------------ 27,733,000 V.I. Public Finance Authority (Hovensa Coker) 6.500 07/01/2021 29,547,293 - ------------------------------------------------------------------------------------------------------------------------------------ 8,000,000 V.I. Public Finance Authority (Hovensa Refinery) 6.125 07/01/2022 8,286,560 - ------------------------------------------------------------------------------------------------------------------------------------ 11,700,000 V.I. Public Finance Authority (Hovensa) 5.875 07/01/2022 12,140,739 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 V.I. Public Finance Authority, Series A 5.250 10/01/2023 1,028,310 - ------------------------------------------------------------------------------------------------------------------------------------ 750,000 V.I. Public Finance Authority, Series A 5.250 10/01/2024 769,433 - ------------------------------------------------------------------------------------------------------------------------------------ 1,000,000 V.I. Public Finance Authority, Series A 6 5.500 10/01/2018 1,015,200 - ------------------------------------------------------------------------------------------------------------------------------------ 16,220,000 V.I. Public Finance Authority, Series A 5.500 10/01/2022 16,374,035 - ------------------------------------------------------------------------------------------------------------------------------------ 7,500,000 V.I. Public Finance Authority, Series A 6 5.625 10/01/2025 7,653,600 - ------------------------------------------------------------------------------------------------------------------------------------ 50,000 V.I. Public Finance Authority, Series A 6 5.625 10/01/2025 51,233 - ------------------------------------------------------------------------------------------------------------------------------------ 3,830,000 V.I. Public Finance Authority, Series E 6 6.000 10/01/2022 3,890,208 - ------------------------------------------------------------------------------------------------------------------------------------ 1,575,000 V.I. Water & Power Authority 5.300 07/01/2018 1,588,325 - ------------------------------------------------------------------------------------------------------------------------------------ 3,515,000 V.I. Water & Power Authority 5.300 07/01/2021 3,527,654 - ------------------------------------------------------------------------------------------------------------------------------------ 2,500,000 V.I. Water & Power Authority 5.500 07/01/2017 2,555,850 - ------------------------------------------------------------------------------------------------------------------------------------ 300,000 V.I. Water & Power Authority, Series A 5.000 07/01/2031 294,657 ---------------- 2,472,776,003 - ------------------------------------------------------------------------------------------------------------------------------------ TOTAL INVESTMENTS, AT VALUE (COST $13,076,185,764)-118.2% 13,065,444,055 - ------------------------------------------------------------------------------------------------------------------------------------ LIABILITIES IN EXCESS OF OTHER ASSETS-(18.2) (2,016,361,090) ---------------- NET ASSETS-100.0% $11,049,082,965 ================
FOOTNOTES TO STATEMENT OF INVESTMENTS 1. Illiquid security. The aggregate value of illiquid securities as of September 30, 2007 was $66,720,940, which represents 0.60% of the Fund's net assets,. See accompanying Notes. 2. Zero coupon bond reflects effective yield on the date of purchase. 3. Subject to a deferred-interest forebearance agreement. Rate shown is current rate. 4. Security represents the underlying municipal bond on an inverse floating rate security. The bond was purchased by the Fund and subsequently segregated and transferred to a trust. See accompanying Notes. 5. Denotes a step bond: a zero coupon bond that converts to a fixed or variable interest rate at a designated future date. 6. All or a portion of the security has been segregated for collateral to cover borrowings. See accompanying Notes. 7. Represents the current interest rate for a variable or increasing rate security. 8. Represents the current interest rate for a variable rate bond known as an "inverse floater." See accompanying Notes. 9. Issue is in default. See accompanying Notes. 29 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - -------------------------------------------------------------------------------- 10. Non-income producing security. 11. When-issued security or forward commitment to be delivered and settled after September 30, 2007. See accompanying Notes. 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 CCRC Continuing Care Retirement Community 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 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. LIMC Long Island Medical Center 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 NSLIJHS North Shore Long Island Jewish Health System NSUHGC North Shore University Hospital at Glen Cove NY/NJ New York/New Jersey NYC New York City NYS New York State NYU New York University P-Floats Puttable Floats PRAMS Prudential Receipts of Accrual Municipal Securities PSCH Professional Service Centers for the Handicapped, Inc. RIBS Residual Interest Bonds RITES Residual Interest Tax Exempt Security ROLs Residual Option Longs 30 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - -------------------------------------------------------------------------------- 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 Devel. 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 UBF University of Buffalo Foundation UCP/HCA United Cerebral Palsy Assoc. and Handicapped Children's Assoc. UCPAGS United Cerebral Palsy Assoc. of Greater Suffolk UDC Urban Devel. 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 CATEGORY OF ISSUE, AS A PERCENTAGE OF TOTAL INVESTMENTS AT VALUE, IS AS FOLLOWS: Category Market Value Percent - -------------------------------------------------------------------------------- Tobacco Master Settlement Agreement $1,621,722,287 12.4% Hospital/Health Care 1,204,367,266 9.2 Electric Utilities 1,040,243,188 8.0 Highways/Commuter Facilities 983,361,133 7.5 General Obligation 826,834,624 6.3 Airlines 739,936,515 5.7 Tax Increment Financing (TIF) 711,207,679 5.5 Water Utilities 676,477,044 5.2 Special Tax 566,890,523 4.4 Marine/Aviation Facilities 563,982,173 4.3 Higher Education 487,241,289 3.7 Multifamily Housing 446,761,694 3.4 Sales Tax Revenue 366,814,230 2.8 Government Appropriation 306,893,618 2.4 Commercial Services & Supplies 287,280,136 2.2 Municipal Leases 286,799,975 2.2 Adult Living Facilities 283,402,618 2.2 Single Family Housing 281,513,771 2.2 Real Estate 234,484,741 1.8 Education 201,326,891 1.5 Paper, Containers & Packaging 193,493,075 1.5 Sports Facility Revenue 151,211,442 1.2 Resource Recovery 113,215,122 0.9 Hotels, Restaurants & Leisure 112,329,788 0.9 Not-for-Profit Organization 105,655,920 0.8 Oil, Gas & Consumable Fuels 39,165,628 0.3 Gas Utilities 24,839,868 0.2 Parking Fee Revenue 24,740,044 0.2 Household Products 23,821,222 0.2 Food Products 20,937,697 0.2 Student Housing 16,431,584 0.1 31 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - -------------------------------------------------------------------------------- Casino 16,379,046 0.1 Building Products 14,360,219 0.1 Electrical Equipment 14,291,206 0.1 Automobiles 13,048,168 0.1 Media 9,722,311 0.1 Construction & Engineering 9,577,214 0.1 Chemicals 5,449,422 0.0 Aerospace & Defense 5,147,832 0.0 Sewer Utilities 4,413,521 0.0 Auto Components 3,385,026 0.0 Textiles, Apparel & Luxury Goods 3,293,616 0.0 Pharmaceuticals 3,248,612 0.0 Transportation Infrastructure 3,242,011 0.0 Household Durables 3,152,679 0.0 Personal Products 2,511,918 0.0 Metals & Mining 2,352,831 0.0 Distributors 2,233,224 0.0 Special Assessment 2,006,140 0.0 Specialty Retail 1,719,268 0.0 Beverages 1,717,404 0.0 Communications Equipment 805,757 0.0 Correctional Facilities 3,845 0.0 ---------------------------- Total $ 13,065,444,055 100.0% ============================ NOTES TO STATEMENT OF INVESTMENTS 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. Options are valued daily based upon the last sale price on the principal exchange on which the option is traded. 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. Investments in open-end registered investment companies (including affiliated funds) are valued at that fund's net asset value. 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 take place generally at least 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 32 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - -------------------------------------------------------------------------------- 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, 2007, the Fund had purchased $15,108,154 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 $819,365,754 as of September 30, 2007, which represents 6.17% of the Fund's total assets. Certain inverse floating rate securities are created when the Fund purchases and subsequently transfers a municipal bond security (the "municipal bond") to a broker dealer. The municipal bond is typically a fixed rate security. The broker dealer (the "sponsor") creates a trust (the "Trust") and deposits the municipal bond. The Trust issues short-term floating rate notes available to third parties and a residual interest in the municipal bond (referred to as an "inverse floating rate security") to the Fund. The terms of these inverse floating rate securities grant the Fund the right to require that the Trust issuing the inverse floating rate security compel a tender of the short-term floating rate notes to facilitate the Fund's repurchase of the underlying municipal bond. Following such a request, the Fund pays the sponsor the principal amount due to the holders of the short-term floating rate notes issued by the Trust and exchanges the inverse floating rate security for the underlying municipal bond. These transactions are considered secured borrowings for financial reporting purposes. As a result of such accounting treatments, the Fund includes the municipal bond position on its Statement of Investments (but does not separately include the inverse floating rate securities received). The Fund also includes the value of the municipal bond and a payable amount equal to the short-term floating rate notes issued by the Trust on its Statement of Assets and Liabilities in the annual and semiannual reports. The interest rates on these short-term floating rate notes reset periodically, usually weekly. The holders of these short-term floating rate notes have the option to tender their investment, to the sponsor or the Trust's liquidity provider, for redemption at par at each reset date. Income from the municipal bond position and the interest expense on the payable for the short-term floating rate notes issued by the Trust are recorded on the Fund's Statement of Operations in the annual and semiannual reports. At September 30, 2007, municipal bond holdings with a value of $2,885,879,666 shown on the Fund's Statement of Investments are held by such Trusts and serve as collateral for the $2,092,895,000 in short-term floating rate notes issued and outstanding at that date. At September 30, 2007, the Fund's residual exposure to these types of inverse floating rate securities were as follows:
VALUE AS OF PRINCIPAL COUPON MATURITY SEPTEMBER 30, AMOUNT INVERSE FLOATERS 1 RATES 2 DATES 2007 - ----------------------------------------------------------------------------------------------------------------------- $3,340,000 Erie County Tobacco Asset Securitization Corp. RITES 5.52% 6/1/38 $ 2,926,976 21,250,000 Erie County, NY Tobacco Asset Securitization Corp. RITES 5.52 6/1/45 18,041,462 14,940,000 Erie County, NY Tobacco Asset Securitization Corp. RITES 5.52 6/1/45 12,684,209 9,305,000 Erie County Tobacco Asset Securitization Corp. RITES 5.52 6/1/38 8,154,344 2,915,000 L.I. Power Authority RITES 8.79 9/1/28 3,659,141 2,125,000 MTA RITES 7.72 11/15/32 2,366,400 1,910,000 MTA RITES 7.72 11/15/28 2,190,464 14,200,000 MTA RITES 7.72 11/15/25 16,314,380 10,000,000 MTA RITES 7.72 11/15/30 11,061,800 5,000,000 MTA RITES 7.72 11/15/30 5,530,900 2,890,000 MTA RITES 7.72 11/15/30 3,196,860 7,500,000 MTA RITES 7.72 11/15/31 8,378,100 2,100,000 MTA DRIVERS 5.46 5/15/13 1,928,052 2,220,000 MTA Service Contract RITES 8.07 1/1/24 2,652,767 3,560,000 NY Counties Tobacco Trust I (TASC) RITES 7.43 6/1/28 3,964,345
33 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - -------------------------------------------------------------------------------- 9,615,000 NY Counties Tobacco Trust I RITES 7.27 6/1/42 10,400,738 2,960,000 NY Counties Tobacco Trust I RITES 7.18 6/1/35 3,191,176 5,000,000 NY Counties Tobacco Trust II RITES 8.30 6/1/43 5,173,050 12,950,000 NY Counties Tobacco Trust II RITES 8.30 6/1/43 13,398,199 14,900,000 NY Counties Tobacco Trust II RITES 6.60 6/1/35 15,152,853 5,725,000 NY Counties Tobacco Trust IV RITES 5.52 6/1/45 4,852,109 8,700,000 NY Counties Tobacco Trust IV RITES 5.52 6/1/45 7,373,511 12,300,000 NY Counties Tobacco Trust IV RITES 5.52 6/1/42 10,492,023 10,210,000 NY Counties Tobacco Trust IV RITES 5.52 6/1/42 8,709,232 1,500,000 NY Counties Tobacco Trust IV RITES 5.52 6/1/45 1,271,295 20,000,000 Nassau County Tobacco Settlement Corp. RITES 5.71 6/1/46 17,726,000 5,875,000 NYC Health & Hospital Corp. RITES 7.75 2/15/20 6,509,735 2,805,000 NYC Municipal Water Finance Authority RITES 7.76 6/15/27 3,001,630 3,555,000 NYC Municipal Water Finance Authority RITES 8.22 6/15/21 3,696,702 11,210,000 NYC Municipal Water Finance Authority RITES 8.19 6/15/32 12,885,222 7,850,000 NYC Municipal Water Finance Authority RITES 7.72 6/15/34 8,384,742 2,930,000 NYC Municipal Water Finance Authority RITES 7.69 6/15/32 3,223,000 12,750,000 NYC Municipal Water Finance Authority DRIVERS 7.46 6/15/13 14,078,932 16,675,000 NYC Municipal Water Finance Authority ROLs 7.89 6/15/36 18,395,526 11,860,000 NYC Municipal Water Finance Authority RITES 7.83 6/15/34 12,908,424 4,500,000 NYC Municipal Water Finance Authority RITES 7.83 6/15/38 4,879,620 6,875,000 NYC Municipal Water Finance Authority ROLs 7.89 6/15/31 7,751,837 10,025,000 NYC Municipal Water Finance Authority ROLs 7.89 6/15/37 11,119,529 7,875,000 NYC Municipal Water Finance Authority ROLs 7.89 6/15/39 8,626,590 4,935,000 NYC Municipal Water Finance Authority ROLs 7.89 6/15/39 5,474,790 4,500,000 NYC Municipal Water Finance Authority ROLs 7.91 6/15/39 4,983,120 14,425,000 NYC Municipal Water Finance Authority RITES 7.77 6/15/26 16,294,192 2,850,000 NYS DA (Municipal Health Facilities) RITES 7.76 1/15/23 3,136,767 3,310,000 NYS DA P-Floats 7.83 2/1/28 3,748,509 6,890,000 NYS DA ROLs 3 6.42 5/1/33 3,346,749 1,115,000 NYS DA ROLs 3 5.83 5/1/18 1,036,225 6,415,000 NYS DA ROLs 7.91 2/15/37 6,982,471 5,000,000 NYS DA RITES 10.72 2/1/12 6,807,000 3,115,000 NYS DA (Menorah Home & Hospital) RITES 8.13 8/1/38 3,475,717 9,415,000 NYS DA (Lutheran Social Services of Upstate New York) RITES 6.51 2/1/38 9,827,000 4,625,000 NYS DA (Mental Health) RITES 7.76 2/15/23 5,008,783 3,485,000 NYS ERDA (NIMO) RITES 8.36 11/1/25 3,944,323 3,625,000 NYS ERDA (RG&E) Residual Certificates 11.17 9/1/33 4,149,538 8,390,000 SONYMA RITES 7.60 10/1/34 7,584,392 9,275,000 SONYMA, Series 71 RITES 6.64 4/1/29 9,590,721 2,485,000 SONYMA, Series 69 RITES 6.71 10/1/28 2,553,611 5,500,000 SONYMA, Series 73 RITES 8.87 10/1/28 5,667,750 5,825,000 NYS DA (Menorah Home) RITES 8.32 8/1/38 6,426,606 2,375,000 NYS DA (Montefiore Medical) RITES 9.57 8/1/38 2,728,828 7,140,000 NYS Thruway Authority RITES 7.75 1/1/25 7,514,564 20,000,000 Port Authority NY/NJ RITES 7.69 9/15/13 22,244,000 36,115,000 Puerto Rico Highway & Transportation Authority ROLs 5.14 7/1/45 26,916,148 31,560,000 Puerto Rico Electric Power Authority ROLS 3 5.79 7/1/31 14,755,247
34 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - -------------------------------------------------------------------------------- 15,000,000 Puerto Rico Electric Power Authority ROLS 3 4.12 7/1/29 13,914,750 12,000,000 Puerto Rico Sales Tax Financing Corp. ROLs 3 7.81 8/1/57 8,758,800 2,125,000 Rensselaer County Tobacco Asset Securitization Corp. RITES 8.30 6/1/35 2,179,103 2,430,000 Rensselaer County Tobacco Asset Securitization Corp. RITES 8.30 6/1/43 2,514,102 3,075,000 Rockland County Tobacco Asset Securitization Corp. RITES 7.90 8/15/35 3,156,457 3,360,000 Rockland County Tobacco Asset Securitization Corp. RITES 7.90 8/15/43 3,480,960 42,000,000 Syracuse IDA (Carousel Center) ROLs 7.54 1/1/36 44,100,000 4,190,000 Triborough Bridge & Tunnel Authority RITES 7.72 1/1/32 4,654,922 8,265,000 Triborough Bridge & Tunnel Authority RITES 7.75 1/1/27 9,057,614 80,850,000 TSASC, Inc. (TFABs) RITES 6.08 6/1/42 69,971,633 33,750,000 TSASC, Inc. (TFABs) ROLs 3 6.13 6/1/42 30,042,900 7,960,000 TSASC, Inc. (TFABs) RITES 6.08 6/1/42 6,888,982 57,750,000 TSASC, Inc. (TFABs) RITES 5.86 6/1/34 51,018,083 15,335,000 Westchester County Tobacco Asset Securitization Corp. RITES 6.79 6/1/45 13,176,752 21,325,000 Westchester County Tobacco Asset Securitization Corp. RITES 5.77 6/1/38 19,481,241 6,325,000 Westchester County Tobacco Asset Securitization Corp. RITES 5.77 6/1/45 5,640,256 675,000 Westchester County Tobacco Asset Securitization Corp. RITES 5.77 6/1/38 616,640 4,250,000 Westchester County Tobacco Asset Securitization Corp. RITES 5.77 6/1/38 3,882,545 ------------- $ 792,984,666 =============
1. For a list of abbreviations used in the Inverse Floater table see the Portfolio Abbreviations table on pages 30-31 of the Statement of Investments. 2. Represents the current interest rate for a variable rate bond known as an "inverse floater." 3. Security is subject to a shortfall and forbearance agreement. 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 reimburse the sponsor of the inverse floater, in certain circumstances, for the amount of 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 notes issued by the Trust in conjunction with the inverse floating rate security. Under the standard terms of an inverse floating rate security, absent such a shortfall and forbearance agreement, the Fund would not be required to make such a reimbursement. 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 such inverse floating rate securities, if it deems it appropriate to do so. As of September 30, 2007, in addition to the exposure detailed in the preceding table, the Fund's maximum exposure under such agreements is estimated at approximately $71,854,671. 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 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, 2007, securities with an aggregate market value of $375,900, representing less than 0.005% of the Fund's net assets, were in default. The Fund has entered into forbearance agreements with certain obligors under which the Fund has agreed to temporarily forego payment of the original coupon interest rates. As of September 30, 2007, securities with an aggregate market value of $8,661,100, representing 0.08% of the Fund's net assets, were subject to these deferred-interest forbearance agreements. Interest is owed to the Fund under these agreements in the amount of $1,312,500. 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. 35 | ROCHESTER FUND MUNICIPALS ROCHESTER FUND MUNICIPALS STATEMENT OF INVESTMENTS SEPTEMBER 30, 2007 / UNAUDITED - -------------------------------------------------------------------------------- ILLIQUID SECURITIES As of September 30, 2007, 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 (5.5866% as of September 30, 2007). 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, 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, 2007, 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. 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, 2007 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 $ 13,081,263,054 ===================== Gross unrealized appreciation $ 266,648,432 Gross unrealized depreciation (282,467,431) --------------------- Net unrealized depreciation $ (15,818,999) ===================== 36 | 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 09/30/2007, 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: 11/14/2007 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: 11/14/2007 By: /s/ Brian W. Wixted --------------------------- Brian W. Wixted Principal Financial Officer Date: 11/14/2007 EX-99.CERT 2 rq365_42763cert302.txt RQ365_42763CERT302.TXT 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. By: /s/ John V. Murphy --------------------------- John V. Murphy Principal Executive Officer Date: 11/14/2007 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. By: /s/ Brian W. Wixted --------------------------- Brian W. Wixted Principal Financial Officer Date: 11/14/2007 -----END PRIVACY-ENHANCED MESSAGE-----