Money Market Funds - COUNTRY Financial

Tax Free Obligations Fund (continued)DESCRIPTION PAR VALUEIllinois Development Finance Authority, Aurora(LOC: Allied Irish Bank)2.084%, 09/05/2008 $ 7,740 $ 7,740Illinois Development Finance Authority, ChineseAmerican Service Project (LOC: LaSalle Bank)1.895%, 09/05/2008 4,000 4,000Illinois Development Finance Authority, LakeForest (LOC: Northern Trust)1.835%, 09/05/2008 6,255 6,255Illinois Development Finance Authority, SolomonSchecter Day Schools (LOC: LaSalle Bank)1.895%, 09/05/2008 4,675 4,675Illinois Development Finance Authority, St.Paul’s House Project (LOC: LaSalle Bank)1.855%, 09/05/2008 4,915 4,915Illinois Development Finance Authority, UnitedWay/Crusade Mercy (LOC: LaSalle Bank)1.895%, 09/05/2008 3,375 3,375Illinois Finance Authority, Chicago HorticulturalProject (LOC: J.P. Morgan Chase Bank)1.865%, 09/05/2008 9,000 9,000Illinois Finance Authority, Chicagoland Laborers,Series 2 (LOC: Fifth Third Bank)1.835%, 09/05/2008 4,250 4,250Illinois Finance Authority, Kohl Children’sMuseum (LOC: Fifth Third Bank)1.835%, 09/05/2008 6,440 6,440Illinois Finance Authority, Luther Oaks,Series C (LOC: Fifth Third Bank)1.815%, 09/05/2008 4,000 4,000Illinois Finance Authority, Merit School of MusicProject (LOC: LaSalle Bank)1.895%, 09/05/2008 3,200 3,200Illinois Finance Authority, North Park UniversityProject (LOC: J.P. Morgan Chase Bank)1.795%, 09/05/2008 13,000 13,000Illinois Finance Authority, NorthwesternUniversity, Series A1.745%, 09/05/2008 20,300 20,300Illinois Finance Authority, NorthwesternUniversity, Series B1.695%, 09/05/2008 43,155 43,1551.895%, 09/05/2008 14,000 14,000Illinois Finance Authority, NorthwesternUniversity, Series C1.695%, 09/05/2008 2,000 2,000Illinois Finance Authority, Rest Haven Christian,Series B (LOC: Sovereign Bank) (LOC: KBCBank)1.825%, 09/05/2008 21,470 21,470Illinois Finance Authority, Rest Haven Christian,Series C (LOC: Sovereign Bank) (LOC: KBCBank)1.825%, 09/05/2008 6,890 6,890Illinois Finance Authority, Lake Forest College(LOC: Northern Trust)1.835%, 09/05/2008 2,500 2,500Illinois Health Facilities, Lutheran Home andServices Project (LOC: Fifth Third Bank)1.935%, 09/05/2008 13,000 13,000Illinois Health Facilities, Lutheran Home andServices Project (LOC: Allied Irish Bank)1.825%, 09/05/2008 12,505 12,505Tax Free Obligations Fund (continued)DESCRIPTION PAR VALUENaperville Heritage YMCA Group (LOC: Citibank)1.815%, 09/05/2008 $ 7,000 $ 7,000246,594Indiana – 4.6%Evansville Economic Development, GoodSamaritan Home (LOC: Fifth Third Bank)1.885%, 09/05/2008 6,250 6,250Fort Wayne Industries Economic Development,Lutheran Homes Project (LOC: Fifth ThirdBank)1.935%, 09/05/2008 4,495 4,495Indiana Health & Educational Facilities FinancingAuthority, Clarian Health,Series C (LOC: Branch Banking & Trust)1.596%, 09/05/2008 6,000 6,000Indiana Health & Educational Facilities FinancingAuthority, Community Village, Hartsfield,Series A (LOC: Harris Bank)1.795%, 09/05/2008 7,350 7,350Indiana Health & Educational Facilities FinancingAuthority, Community Village, Hartsfield,Series B (LOC: Harris Bank)1.795%, 09/05/2008 10,385 10,385Indiana Health Facilities Financing Authority,Bethesda Living Center, Series B (LOC: LaSalleBank)1.795%, 09/05/2008 4,625 4,625Indiana Health Facilities Financing Authority,Major Hospital Project (LOC: J.P. MorganChase Bank)1.945%, 09/05/2008 15,700 15,700Indiana Health Facilities Financing Authority,Westview Hospital (LOC: Fifth Third Bank)1.875%, 09/05/2008 10,475 10,475Indianapolis Local Public Improvement BondBank, Series 2007-J22.950%, 01/08/2009 45,000 45,000110,280Iowa – 1.2%Iowa Financial Authority, Drake University(LOC: Wells Fargo Bank)2.443%, 09/01/2008 12,100 12,100Iowa Financial Authority, Regional Blood Center(LOC: Wells Fargo Bank)1.835%, 09/05/2008 930 930Iowa Financial Authority, Wesley RetirementServices (LOC: Wells Fargo Bank)1.795%, 09/05/2008 8,670 8,670Iowa Financial Retirement Authority, WesleyRetirement Services (LOC: Wells Fargo Bank)1.795%, 09/05/2008 6,000 6,00027,700Kansas – 0.9%Olathe Health Facilities Medical Center(LOC: Bank of America)2.473%, 09/01/2008 10,000 10,000Prairie Village Revenue, Claridge Court(LOC: LaSalle Bank)1.815%, 09/05/2008 7,960 7,960University of Kansas Hospital Authority HealthFacilities (LOC: Harris Bank)2.443%, 09/01/2008 3,420 3,42021,380FIRST AMERICAN FUNDS 2008 Annual Report 15