Money Market Funds - COUNTRY Financial

Tax Free Obligations Fund (continued)DESCRIPTION PAR VALUECypress-Fairbanks Independent School District(General Obligation) (INS: PSF-Guaranteed)1.725%, 09/05/2008 m $ 4,480 $ 4,480Cypress-Fairbanks Independent School District,Series D155 (General Obligation) (INS: PSF-Guaranteed) (SPA: Wachovia bank)1.915%, 09/05/2008 m 5,795 5,795Dallas Waterworks & Sewer System1.725%, 09/05/2008 m 17,985 17,985Denton Independent School District (GeneralObligation) (INS: PSF-Guaranteed) (SPA:Westdeutsche Landesbank)1.900%, 02/01/2009 m 13,400 13,400Dickinson Independent School District,Series 1517B (General Obligation) (INS: PSF-Guaranteed)1.865%, 09/05/2008 m 1,990 1,990El Paso Independent School District, Series K02(General Obligation) (INS: PSF-Guaranteed) (SPA: Wachovia Bank)1.915%, 09/05/2008 m 3,995 3,995Fort Bend Independent School District,Series 2852 (General Obligation) (INS: PSF-Guaranteed)1.985%, 09/05/2008 m 1,895 1,895Fort Bend Independent School District,Series D145 (General Obligation) (INS: PSF-Guaranteed) (SPA: Wachovia Bank)1.915%, 09/05/2008 m 8,690 8,690Galena Park Independent School District,Series K04 (General Obligation) (INS: PSF-Guaranteed) (SPA: Wachovia Bank)1.915%, 09/05/2008 m 6,620 6,620Georgetown Health Facilities Development,Retirement Facilities, Wesleyan Homes(LOC: Regions Bank)1.845%, 09/05/2008 4,000 4,000Harris County (General Obligation)3.000%, 02/26/2009 15,000 15,105Harris County Health Facilities Development,Seven Acres Jewish Senior Care (LOC: J.P.Morgan Chase Bank)1.885%, 09/05/2008 18,605 18,605HFDC Central Texas, Retirement FacilityRevenue, Series B (LOC: BNP Paribas)1.815%, 09/05/2008 8,200 8,200HFDC Central Texas, Village De San Antonio,Series C (LOC: Sovereign Bank) (LOC: KBCBank)1.835%, 09/05/2008 5,200 5,200Houston Higher Education Revenue, Series 18651.865%, 09/05/2008 m 5,530 5,530Houston Independent School District,Series 1078B (General Obligation) (INS: PSF-Guaranteed)1.865%, 09/05/2008 m 5,715 5,715Houston Independent School District, Series A,Pre-refunded 02/15/2009 @ 100 (GeneralObligation) (INS: PSF-Guaranteed)4.750%, 02/15/2009 10,500 10,651Houston Independent School District,Series C29 (General Obligation) (INS: PSF-Guaranteed)1.915%, 09/05/2008 m 1,715 1,715Tax Free Obligations Fund (continued)DESCRIPTION PAR VALUEHunt County Health Facilities Development,Greenville (LOC: Morgan Guaranty)1.795%, 09/05/2008 $ 1,500 $ 1,500Katy Independent School District (GeneralObligation) (INS: PSF-Guaranteed)1.785%, 09/05/2008 m 1,475 1,475Lake Travis Independent School District,Series 1882 (General Obligation) (INS: PSF-Guaranteed)1.865%, 09/05/2008 m 5,275 5,275Lewisville Independent School District,Series D-34 (General Obligation) (INS: PSF-Guaranteed) (SPA: Wachovia Bank)1.915%, 09/05/2008 m 3,950 3,950Metropolitan Higher Educational Authority,University of Dallas Project (LOC: J.P. MorganChase Bank)1.945%, 09/05/2008 6,595 6,595Midland County Health Facilities, Manor ParkProject (LOC: Wells Fargo Bank)1.885%, 09/05/2008 16,875 16,875Pflugerville Independent School District,Series D222 (General Obligation) (INS: PSF-Guaranteed)1.915%, 09/05/2008 m 5,960 5,960Port Neches-Groves Independent SchoolDistrict, Series D138 (General Obligation) (INS:PSF-Guaranteed) (SPA: Wachovia Bank)1.915%, 09/05/2008 m 7,435 7,435San Antonio Electric & Gas, Series D178 (SPA:Wachovia Bank)2.064%, 09/05/2008 m 2,995 2,995San Antonio Electric & Gas, Series D65 (SPA:Wachovia Bank)2.064%, 09/05/2008 m 3,125 3,125San Antonio, Series D71 (GeneralObligation) (SPA: Wachovia Bank)2.064%, 09/05/2008 m 2,155 2,155San Antonio, Series D85 (GeneralObligation) (SPA: Wachovia Bank)2.064%, 09/05/2008 m 2,780 2,780Socorro Independent School District (GeneralObligation) (INS: PSF-Guaranteed)1.785%, 09/05/2008 m 1,860 1,860Socorro Independent School District, Series K01(General Obligation) (INS: PSF-Guaranteed) (SPA: Wachovia Bank)1.915%, 09/05/2008 m 3,000 3,000Texas State3.000%, 08/28/2009 35,000 35,467Texas State, Series D187 (GeneralObligation) (SPA: Wachovia Bank)2.064%, 09/05/2008 m 4,300 4,300Texas State, Series 2481 (General Obligation)1.865%, 09/05/2008 m 2,200 2,200313,433Virginia – 3.0%Fairfax County Redevelopment & HousingAuthority, Affordable Housing, Series B (INS:County Guaranteed)3.625%, 10/09/2008 49,485 49,501Harrisonburg Industrial Development Authority,Series A (LOC: SovereignBank) (LOC: Citibank)1.815%, 09/05/2008 18,330 18,330FIRST AMERICAN FUNDS 2008 Annual Report 19