Aquila Narragansett Tax-Free Income Fund (NIFFX) EFFECT Notice of effectiveness

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Notice of Effectiveness
Effectiveness Date:	August 21, 2008 4:15 P.M.

Form:

N-14

CIK:

0000888955

Company Name:

NARRAGANSETT INSURED TAX-FREE INCOME FUND

File Number:

333-152299

SERIES/CLASSES (CONTRACTS) MERGERS

CIK
	Series ID
		Class/Contract	Name
Acquiring:
0000888955			NARRAGANSETT INSURED TAX-FREE INCOME FUND
	S000009135		NARRAGANSETT INSURED TAX-FREE INCOME FUND
		C000024845	NARRAGANSETT INSURED TAX-FREE INCOME FUND CLASS A
Target:
0000798524			VLC TRUST
	S000000717		Ocean State Tax Exempt Fund
		C000002087	Class I
Target:
0000798524			VLC TRUST
	S000000717		Ocean State Tax Exempt Fund
		C000002088	Class A