EXHIBIT (2)


NAME CHANGE FROM "SECURAL MUTUAL FUNDS, INC." TO "FIRST AMERICAN INVESTMENT
FUNDS, INC." APPROVED AT BOARD OF DIRECTORS' MEETINGS ON FEBRUARY 12, 1991;
AMENDMENT ADDING NEW SECTION 8 TO ARTICLE I APPROVED AT BOARD OF DIRECTORS'
MEETING ON DECEMBER 15, 1992; AMENDMENTS TO ARTICLE III APPROVED AT BOARD OF
DIRECTORS' MEETINGS ON SEPTEMBER 7, 1993; AMENDMENT ADDING NEW SECTION 3 TO
ARTICLE V APPROVED AT BOARD OF DIRECTORS' MEETING ON DECEMBER 7, 1993; AMENDMENT
TO ARTICLE V, SECTION 3 CHANGING FUND NAMES APPROVED AT BOARD OF DIRECTORS'
MEETING ON MARCH 7, 1994; AMENDMENT TO ARTICLE V, SECTION 3 PROVIDING FOR NAMES
OF NEW CLASSES AND SERIES APPROVED AT BOARD OF DIRECTORS MEETING ON JUNE 8,
1994; AMENDMENT TO ARTICLE V, SECTION 3 PROVIDING FOR NAMES OF NEW CLASSES AND
SERIES APPROVED AT BOARD OF DIRECTORS MEETING ON DECEMBER 7, 1994; AMENDMENT TO
ARTICLE V, SECTION 3 PROVIDING FOR NAMES OF NEW CLASSES AND SERIES APPROVED AT
BOARD OF DIRECTORS MEETING ON MARCH 6, 1995; AMENDMENT TO ARTICLE V, SECTION 3
PROVIDING FOR NAMES OF NEW CLASSES AND SERIES APPROVED AT BOARD OF DIRECTORS
MEETING ON DECEMBER 6, 1995; AMENDMENT TO ARTICLE V, SECTION 3 PROVIDING FOR
NAMES OF NEW CLASSES AND SERIES APPROVED AT BOARD OF DIRECTORS MEETING ON JUNE
4, 1997; AMENDMENT TO ARTICLE V, SECTION 3 PROVIDING FOR NAMES OF CLASSES AND
SERIES APPROVED AT BOARD OF DIRECTORS MEETING ON FEBRUARY 23, 1998; AMENDMENT TO
ARTICLE V, SECTION 3 PROVIDING FOR NAMES OF NEW CLASSES AND SERIES APPROVED AT
BOARD OF DIRECTORS MEETING ON DECEMBER 9, 1998; AMENDMENT TO ARTICLE II, SECTION
8 SPECIFYING COMMITTEE QUORUM APPROVED AT BOARD OF DIRECTORS MEETING ON FEBRUARY
23, 1999; AMENDMENT TO ARTICLE V, SECTION 3 PROVIDING FOR NAMES OF NEW CLASSES
AND SERIES APPROVED AT BOARD OF DIRECTORS MEETING ON SEPTEMBER 8, 1999;
AMENDMENT TO ARTICLE I, SECTION 4 PROVIDING FOR ELECTRONIC VOTING APPROVED AT
BOARD OF DIRECTORS MEETING ON DECEMBER 8, 1999; AMENDMENT TO ARTICLE V, SECTION
3 PROVIDING FOR NAMES OF CLASSES AND SERIES APPROVED AT BOARD OF DIRECTORS
MEETING ON FEBRUARY 28, 2001; AMENDMENT TO ARTICLE V, SECTION 3 PROVIDING FOR
NAMES OF CLASSES AND SERIES APPROVED AT BOARD OF DIRECTORS MEETING ON JUNE 1,
2001; AMENDMENT TO ARTICLE V, SECTION 3 PROVIDING FOR NAMES OF CLASSES AND
SERIES APPROVED AT BOARD OF DIRECTORS MEETING ON FEBRUARY 21, 2002; AMENDMENT TO
ARTICLE V, SECTION 3 PROVIDING FOR NAMES OF CLASSES AND SERIES APPROVED AT BOARD
OF DIRECTORS MEETING ON SEPTEMBER 18, 2002; AMENDMENTS TO ARTICLE V, SECTION 3
PROVIDING FOR NAME CHANGES AND NAMES OF NEW CLASS AND SERIES APPROVED AT BOARD
OF DIRECTORS MEETING ON DECEMBER 4, 2002.

                                     BYLAWS

                                       OF

                      FIRST AMERICAN INVESTMENT FUNDS, INC.

                            (A MARYLAND CORPORATION)


                                    ARTICLE I

                                  STOCKHOLDERS

         SECTION 1. Meetings. Annual or special meetings of stockholders may be
held on such date and at such time as shall be set or provided for by the Board
of Directors or, if not so set or provided for, then as stated in the notice of
meeting. The notice of meeting shall state the purpose or purposes for which the
meeting is called.

         SECTION 2. Place of Meetings. All meetings of stockholders shall be
held at such place in the United States as is set or provided for by the Board
of Directors or, if not so set or provided for, then as stated in the notice of
meeting.

         SECTION 3. Organization. At any meeting of the stockholders, in the
absence of the Chairman of the Board of Directors, if any, and of the President
or a Vice President acting in his stead, the stockholders shall choose a
chairman to preside over the meeting. In the absence of the Secretary or an
Assistant Secretary, acting in his stead, the chairman of the meeting shall
appoint a secretary to keep the record of all the votes and minutes of the
proceedings.






         SECTION 4. Proxies. At any meeting of the stockholders, every
stockholder having the right to vote shall be entitled to vote in person or by
proxy submitted by any means permitted by Maryland Statutes Section 2-507(c)(3)
or any successor provision of Maryland Statutes. No proxy shall be voted after
eleven months from its date unless it provides for a longer period.

         SECTION 5. Voting. At any meeting of the stockholders, every
stockholder shall be entitled to one vote or a fractional vote on each matter
submitted to a vote for each share or fractional share of stock standing in his
name on the books of the Corporation as of the close of business on the record
date for such meeting. Unless the voting is conducted by inspectors, all
questions relating to the qualifications of voters, validity of proxies and
acceptance or rejection of votes shall be decided by the chairman of the
meeting.

         SECTION 6. Record Date; Closing of Transfer Books. The Board of
Directors may fix, in advance, a date as the record date for the purpose of
determining stockholders entitled to notice of, or to vote at, any meeting of
stockholders, or stockholders entitled to receive payment of any dividend or the
allotment of any rights, or in order to make a determination of stockholders for
any other proper purpose. Such date, in any case, shall be not more than sixty
days, and in case of a meeting of stockholders not less than ten days, prior to
the date on which the particular action requiring such determination of
stockholders is to be taken. In lieu of fixing a record date, the Board of
Directors may provide that the stock transfer books shall be closed for a stated
period but not to exceed, in any case, twenty days. If the stock transfer books
are closed for the purpose of determining stockholders entitled to notice of or
to vote at a meeting of stockholders, such books shall be closed for at least
ten days immediately preceding such meeting.

         SECTION 7. Registered Stockholders. The Corporation shall be entitled
to recognize the exclusive right of a person registered on its books as the
owner of shares and shall not be bound to recognize any equitable or other claim
to or interest in such share or shares on the part of any other person, whether
or not it shall have express or other notice thereof.

         SECTION 8. Calling of Special Meeting of Shareholders. A special
meeting of stockholders shall be called upon the written request of the holders
of shares entitled to cast not less than 10% of all votes entitled to vote at
such meeting.

                                   ARTICLE II

                               BOARD OF DIRECTORS

         SECTION 1. Number, Qualification, Tenure and Vacancies. The initial
Board of Directors shall consist of five (5) directors. Except as hereinafter
provided, a director shall be elected to serve until his successor shall be
elected and shall qualify or until his earlier death, resignation, retirement or
removal. The directors may at any time when the stockholders are not assembled
in meeting, establish, increase or decrease their own number by majority vote of
the entire Board of Directors; provided, that the number of directors shall
never be less than three (3) nor more than twelve (12). The number of directors
may not be decreased so as to affect the term of any incumbent director. If the
number be increased, the additional directors to fill the


                                       2




vacancies thus created may, except as hereinafter provided, by elected by
majority vote of the entire Board of Directors. Any vacancy occurring for any
cause may be filled by a majority of the remaining members of the Board of
Directors, although such majority is less than a quorum; provided, however, that
after filling any vacancy for any cause whatsoever two-thirds (2/3) of the
entire Board of Directors shall have been elected by the stockholders of the
Corporation. A director elected under any circumstance shall be elected to hold
office until his successor is elected and qualified, or until such director's
earlier death, resignation, retirement or removal.

         SECTION 2. When Stockholder Meeting Required. If at any time less than
a majority of the directors holding office were elected by the stockholders of
the Corporation, the directors or the President or Secretary shall cause a
meeting of stockholders to be held as soon as possible and, in any event, within
sixty (60) days, unless extended by order of the Securities and Exchange
Commission, for the purpose of electing directors to fill any vacancy.

         SECTION 3. Regular Meetings. Regular meetings of the Board of Directors
may be held at such time and place as shall be determined from time to time by
agreement or fixed by resolution of the Board of Directors.

         SECTION 4. Special Meetings. Special meetings of the Board of Directors
may be called at any time by the Chairman of the Board or President and shall be
called by the Secretary upon the written request of any two (2) directors.

         SECTION 5. Notice of Meetings. Except as otherwise provided in these
Bylaws, notice need not be given of regular meetings of the Board of Directors
held at times fixed by agreement or resolution of the Board of Directors. Notice
of special meetings of the Board of Directors, stating the place, date and time
thereof, shall be given not less than two (2) days before such meeting to each
director. Notice to a director may be given personally, by telegram, cable or
wireless, by telephone, by mail, or by leaving such notice at his place of
residence or usual place of business. If mailed, such notice shall be deemed to
be given when deposited in the United States mail, postage prepaid, directed to
the director at his address as it appears on the records of the Corporation.
Meetings may be held at any time without notice if all the directors are
present, or if those not present waive notice of the meeting in writing. If the
President shall determine in advance that a quorum would not be present on the
date set for any regular or special meeting, such meeting may be held at such
later date, time and place as he shall determine, upon at least twenty-four (24)
hours' notice.

         SECTION 6. Quorum. A majority of the directors then in office, at a
meeting duly assembled, but not less than one-third of the entire Board of
Directors nor in any event less than two directors, shall constitute a quorum
for the transaction of business. The vote of a majority of directors present at
a meeting at which a quorum is present shall be the act of the Board of
Directors, except as may be otherwise specifically provided by statute or by the
Articles of Incorporation or by these Bylaws. If at any meeting of the Board of
Directors, there shall be less than a quorum present, a majority of those
present may adjourn the meeting, without further notice, from time to time until
a quorum shall have been obtained.

         SECTION 7. Removal. At any meeting of stockholders, duly called and at
which a quorum is present, the stockholders may, by the affirmative vote of the
holders of a majority of


                                       3




the votes entitled to be cast thereon, remove any director or directors from
office and may elect a successor or successors to fill any resulting vacancies.

         SECTION 8. Committees. The Board of Directors, may, by resolution
adopted by a majority of the entire Board of Directors, from time to time
appoint from among its members one or more committees as it may determine. Each
committee appointed by the Board of Directors shall be composed of two (2) or
more directors and may, to the extent provided in such resolution, have and
exercise all the powers of the Board of Directors, except the power to declare
dividends, to issue stock or to recommend to stockholders any action requiring
stockholder approval. Each such committee shall serve at the pleasure of the
Board of Directors. Each such committee shall keep a record of its proceedings
and shall adopt its own rules of procedure. It shall make reports as may be
required by the Board of Directors.

         A quorum of any committee shall consist of one-third of its members
unless the committee is comprised of two or three members, in which event a
quorum shall consist of two members. If a Pricing Committee is appointed and a
member of such committee is absent from a committee meeting, the remainder of
the committee (although not constituting a quorum) may appoint another director
to act in place of the absent member.

                                   ARTICLE III

                 OFFICERS AND CHAIRMAN OF THE BOARD OF DIRECTORS

         SECTION 1. Offices. The elected officers of the Corporation shall be
the President, the Secretary and the Treasurer, and may also include one or more
Vice Presidents, one or more Assistant Secretaries, one or more Assistant
Treasurers and such other officers as the Board of Directors may determine. Any
two or more offices may be held by the same person, except that no person may
hold both the office of President and the office of Vice President. A person who
holds more than one office in the Corporation shall not act in more than one
capacity to execute, acknowledge or verify an instrument required by law to be
executed, acknowledged or verified by more than one officer.

         SECTION 2. Selection, Term of Office and Vacancies. The initial
officers of the Corporation shall be elected by the Board of Directors at the
first meeting of the Board of Directors. Additional officers may be elected at
any regular or special meeting of the Board of Directors. Each officer shall
serve at the pleasure of the Board of Directors or until his earlier death,
resignation or retirement. If any office becomes vacant, the vacancy shall be
filled by the Board of Directors.

         SECTION 3. Chairman of the Board. The Board of Directors may elect one
of its members as Chairman of the Board. Except as otherwise provided in these
Bylaws, in the event the Board of Directors elects a Chairman of the Board of
Directors, he shall preside at all meetings of the stockholders and the Board of
Directors and shall perform such other duties as from time to time may be
assigned to him by the Board of Directors. The Chairman of the Board of
Directors will under no circumstances be deemed to be an "officer" of the
Corporation, and an individual serving as Chairman of the Board of Directors
will not be deemed to be an "affiliated person" with respect to the Corporation
(under the Investment Company Act of 1940, as


                                       4




amended) solely by virtue of such person's position as Chairman of the Board of
Directors of the Corporation.

         SECTION 4. President. The president shall be the chair executive
officer of the Corporation and shall perform such other duties as from time to
time may be assigned to him by the Board of Directors. He shall perform the
duties of the Chairman of the Board of Directors in the event there is no
Chairman or in the event the Chairman is absent.

         SECTION 5. Vice Presidents. A Vice President shall perform such duties
as may be assigned by the President or the Board of Directors. In the absence of
the President and in accordance with such order of priority as may be
established by the Board of Directors, he may perform the duties of the
President, and when so acting, shall have all the powers of and be subject to
all the restrictions upon the President.

         SECTION 6. Secretary. The Secretary shall (a) keep the minutes of the
stockholders' and Board of Directors' meetings in one or more books provided for
that purpose, and shall perform like duties for committees when requested, (b)
see that all notices are duly given in accordance with the provisions of these
Bylaws or as required by law, (c) be custodian of the corporate records and of
the seal of the Corporation and see that the seal of the Corporation is affixed
to all documents the execution of which on behalf of the Corporation under its
seal is duly authorized or required by law, and (d) in general perform all
duties incident to the office of Secretary and such other duties as may be
assigned by the President or the Board of Directors.

         SECTION 7. Assistant Secretaries. One or more Assistant Secretaries may
be elected by the Board of Directors or appointed by the President. In the
absence of the Secretary and in accordance with such order as may be established
by the Board of Directors, an Assistant Secretary shall have the power to
perform his duties including the certification, execution and attestation of
corporate records and corporate instruments. Assistant Secretaries shall perform
such other duties as may be assigned to them by the President or the Board of
Directors.

         SECTION 8. Treasurer. The Treasurer (a) shall be the principal
financial officer of the Corporation, (b) shall see that all funds and
securities of the Corporation are held by the custodian of the Corporation's
assets, and (c) shall be the principal accounting officer of the Corporation.

         SECTION 9. Assistant Treasurers. One or more Assistant Treasurers may
be elected by the Board of Directors or appointed by the President. In the
absence of the Treasurer and in accordance with such order as may be established
by the Board of Directors, an Assistant Treasurer shall have the power to
perform his duties. Assistant Treasurers shall perform such other duties as may
be assigned to them by the President or the Board of Directors.

         SECTION 10. Other Officers. The Board of Directors may appoint or may
authorize the Chairman of the Board or the President to appoint such other
officers and agents as the appointer may deem necessary and proper, who shall
hold their offices for such terms and shall exercise such powers and perform
such duties as shall be determined from time to time by the appointer.


                                       5




         SECTION 11. Bond. If required by the Board of Directors, the Treasurer
and such other directors, officers, employees and agents of the Corporation as
the Board of Directors may specify, shall give the Corporation a bond in such
amount, in such form and with such security, surety or sureties, as may be
satisfactory to the Board of Directors, conditioned on the faithful performance
of the duties of their office and for the restoration to the Corporation, in
case of their death, resignation, or removal from their office of all books,
papers, vouchers, monies, securities and property of whatever kind in their
possession belonging to the Corporation. All premiums on such bonds shall be
paid by the Corporation.

         SECTION 12. Removal. Any officer (or the Chairman of the Board of
Directors) of the Corporation may be removed by the Board of Directors whenever,
in its judgment, the best interests of the Corporation will be served thereby,
but such removal shall be without prejudice to the contractual rights, if any,
of the officer (or the Chairman of the Board of Directors) so removed.

                                   ARTICLE IV

                                  CAPITAL STOCK

         SECTION 1. Stock Certificates. Certificates representing shares of
stock of the Corporation shall be in such form consistent with the laws of the
State of Maryland as shall be determined by the Board of Directors. All
certificates for shares of stock shall be consecutively numbered or otherwise
identified. The name and address of the person to whom the shares of stock
represented thereby are issued, with the number of shares and date of issue,
shall be entered on the stock transfer records of the Corporation.

         SECTION 2. Redemption and Transfer. Any holder of stock of the
Corporation desiring to redeem or transfer shares of stock standing in the name
of such holder on the books of the Corporation shall deliver to the Corporation
or to its agent duly authorized for such purpose a written unconditional
request, in form acceptable to the Corporation, for such redemption or transfer.
If certificates evidencing such shares have been issued, such certificates shall
also be so delivered in transferable form duly endorsed or accompanied by all
necessary stock transfer stamps or currency or certified or bank cashier's check
payable to the order of the Corporation for the appropriate price thereof. The
Corporation or its duly authorized agent may require that the signature of a
redeeming stockholder on any or all of the request, endorsement or stock power
be guaranteed and that other documentation in accordance with the custom of
brokers be so delivered where appropriate, such as proof of capacity and power
to make request or transfer. All documents and funds shall be deemed to have
been delivered only when physically deposited at such office or other place of
deposit as the Corporation or its duly authorized agent shall from time to time
designate. At any time during which the right of redemption is suspended or
payment for such shares is postponed pursuant to the Investment Company Act of
1940, as amended, or any rule, regulation or order thereunder, any stockholder
may withdraw his request (and certificates and funds, if any) or may leave the
same on deposit, in which case the redemption price shall be the net asset value
next applicable after such suspension or postponement is terminated.


                                       6




                  SECTION 3. Lost, Mutilated, Destroyed or Wrongfully Taken
Certificates. Any person claiming a stock certificate to have been lost,
mutilated, destroyed or wrongfully taken, and who requests the issuance of a new
certificate before the Corporation has notice that the certificate alleged to
have been lost, mutilated, destroyed or wrongfully taken has been acquired by a
bona fide purchaser, shall make an affidavit of that fact and shall give the
Corporation and its transfer agents and registrars a bond, with sufficient
surety, to indemnify them against any loss or claim arising as a result of the
issuance of a new certificate. The form and amount of such bond and the surety
thereon shall in each case be deemed sufficient if satisfactory to the President
or Treasurer of the Corporation.

                                    ARTICLE V

                               GENERAL PROVISIONS

         SECTION 1. Fiscal Year. The fiscal year of the Corporation shall be
established by resolution of the Board of Directors.

         SECTION 2. Amendments. These Bylaws may be altered, amended or repealed
and new Bylaws may be adopted by a majority of the entire Board of Directors at
any meeting of the Board of Directors.

         SECTION 3. Names of Classes and Series of Shares. The names of the
classes and series of shares which have been classified by the Corporation in
its Articles of Incorporation and in Articles Supplementary shall be as follows:

Designation of Shares in
Articles of Incorporation
or Articles Supplementary                    Name of Class or Series
- -------------------------                    -----------------------



                                          
Class B Common Shares......................  Core Bond Fund, Class A
Class B, Series 2 Common Shares............  Core Bond Fund, Class Y
Class B, Series 3 Common Shares............  Core Bond Fund, Class B
Class B, Series 4 Common Shares............  Core Bond Fund, Class C
Class B, Series 5 Common Shares............  Core Bond Fund, Class S
Class C Common Shares......................  Intermediate Tax Free Fund, Class A
Class C, Series 2 Common Shares............  Intermediate Tax Free Fund, Class Y
Class C, Series 3 Common Shares............  Intermediate Tax Free Fund, Class B
Class C, Series 4 Common Shares............  Intermediate Tax Free Fund, Class C
Class D Common Shares......................  Large Cap Value Fund, Class A
Class D, Series 2 Common Shares............  Large Cap Value Fund, Class Y
Class D, Series 3 Common Shares............  Large Cap Value Fund, Class B
Class D, Series 4 Common Shares............  Large Cap Value Fund, Class C
Class D, Series 5 Common Shares............  Large Cap Value Fund, Class S
Class E Common Shares......................  Mid Cap Value Fund, Class A
Class E, Series 2 Common Shares............  Mid Cap Value Fund, Class Y
Class E, Series 3 Common Shares............  Mid Cap Value Fund, Class B
Class E, Series 4 Common Shares............  Mid Cap Value Fund, Class C




                                       7





                                          
Class E, Series 5 Common Shares............  Mid Cap Value Fund, Class S
Class G Common Shares......................  Balanced Fund, Class A
Class G, Series 2 Common Shares............  Balanced Fund, Class Y
Class G, Series 3 Common Shares............  Balanced Fund, Class B
Class G, Series 4 Common Shares............  Balanced Fund, Class C
Class G, Series 5 Common Shares............  Balanced Fund, Class S
Class H Common Shares......................  Equity Index Fund, Class A
Class H, Series 2 Common Shares............  Equity Index Fund, Class Y
Class H, Series 3 Common Shares............  Equity Index Fund, Class B
Class H, Series 4 Common Shares............  Equity Index Fund, Class C
Class H, Series 5 Common Shares............  Equity Index Fund, Class S
Class I Common Shares......................  Intermediate Term Bond Fund, Class A
Class I, Series 2 Common Shares............  Intermediate Term Bond Fund, Class Y
Class I, Series 3 Common Shares............  Intermediate Term Bond Fund, Class B
Class I, Series 4 Common Shares............  Intermediate Term Bond Fund, Class C
Class I, Series 5 Common Shares............  Intermediate Term Bond Fund, Class S
Class J Common Shares......................  Short Term Bond Fund, Class A
Class J, Series 2 Common Shares............  Short Term Bond Fund, Class Y
Class J, Series 3 Common Shares............  Short Term Bond Fund, Class B
Class J, Series 4 Common Shares............  Short Term Bond Fund, Class C
Class J, Series 5 Common Shares............  Short Term Bond Fund, Class S
Class M Common Shares......................  Minnesota Intermediate Tax Free Fund, Class A
Class M, Series 2 Common Shares............  Minnesota Intermediate Tax Free Fund, Class Y
Class M, Series 3 Common Shares............  Minnesota Intermediate Tax Free Fund, Class B
Class M, Series 4 Common Shares............  Minnesota Intermediate Tax Free Fund, Class C
Class N Common Shares......................  Colorado Intermediate Tax Free Fund, Class A
Class N, Series 2 Common Shares............  Colorado Intermediate Tax Free Fund, Class Y
Class N, Series 3 Common Shares............  Colorado Intermediate Tax Free Fund, Class B
Class N, Series 4 Common Shares............  Colorado Intermediate Tax Free Fund, Class C
Class O Common Shares......................  Small Cap Growth Fund, Class A
Class O, Series 2 Common Shares............  Small Cap Growth Fund, Class Y
Class O, Series 3 Common Shares............  Small Cap Growth Fund, Class B
Class O, Series 4 Common Shares............  Small Cap Growth Fund, Class C
Class O, Series 5 Common Shares............  Small Cap Growth Fund, Class S
Class P Common Shares......................  Technology Fund, Class A
Class P, Series 2 Common Shares............  Technology Fund, Class Y
Class P, Series 3 Common Shares............  Technology Fund, Class B
Class P, Series 4 Common Shares............  Technology Fund, Class C
Class P, Series 5 Common Shares............  Technology Fund, Class S
Class Q Common Shares......................  International Fund, Class A
Class Q, Series 2 Common Shares............  International Fund, Class Y
Class Q, Series 3 Common Shares............  International Fund, Class B
Class Q, Series 4 Common Shares............  International Fund, Class C
Class Q, Series 5 Common Shares............  International Fund, Class S
Class S Common Shares......................  Large Cap Growth Fund, Class A
Class S, Series 2 Common Shares............  Large Cap Growth Fund, Class B



                                       8





                                          
Class S, Series 3 Common Shares............  Large Cap Growth Fund, Class Y
Class S, Series 4 Common Shares............  Large Cap Growth Fund, Class C
Class S, Series 5 Common Shares............  Large Cap Growth Fund, Class S
Class T Common Shares......................  Equity Income Fund, Class A
Class T, Series 2 Common Shares............  Equity Income Fund, Class B
Class T, Series 3 Common Shares............  Equity Income Fund, Class Y
Class T, Series 4 Common Shares............  Equity Income Fund, Class C
Class T, Series 5 Common Shares............  Equity Income Fund, Class S
Class V Common Shares......................  Real Estate Securities Fund, Class A
Class V, Series 2 Common Shares............  Real Estate Securities Fund, Class B
Class V, Series 3 Common Shares............  Real Estate Securities Fund, Class Y
Class V, Series 4 Common Shares............  Real Estate Securities Fund, Class C
Class V, Series 5 Common Shares............  Real Estate Securities Fund, Class S
Class W Common Shares......................  Health Sciences Fund, Class A
Class W, Series 2 Common Shares............  Health Sciences Fund, Class B
Class W, Series 3 Common Shares............  Health Sciences Fund, Class Y
Class W, Series 4 Common Shares............  Health Sciences Fund, Class C
Class W, Series 5 Common Shares............  Health Sciences Fund, Class S
Class X Common Shares......................  Oregon Intermediate Tax Free Fund, Class Y
Class X, Series 2 Common Shares............  Oregon Intermediate Tax Free Fund, Class A
Class X, Series 3 Common Shares............  Oregon Intermediate Tax Free Fund, Class C
Class Y Common Shares......................  California Intermediate Tax Free Fund, Class A
Class Y, Series 2 Common Shares............  California Intermediate Tax Free Fund, Class Y
Class Y, Series 3 Common Shares............  California Intermediate Tax Free Fund, Class C
Class AA Common Shares.....................  Small Cap Value Fund, Class A
Class AA, Series 2 Common Shares...........  Small Cap Value Fund, Class B
Class AA, Series 3 Common Shares...........  Small Cap Value Fund, Class Y
Class AA, Series 4 Common Shares...........  Small Cap Value Fund, Class C
Class AA, Series 5 Common Shares...........  Small Cap Value Fund, Class S
Class DD Common Shares.....................  Tax Free Fund, Class A
Class DD, Series 2 Common Shares...........  Tax Free Fund, Class B
Class DD, Series 3 Common Shares...........  Tax Free Fund, Class Y
Class DD, Series 4 Common Shares...........  Tax Free Fund, Class C
Class EE Common Shares.....................  Minnesota Tax Free Fund, Class A
Class EE, Series 2 Common Shares...........  Minnesota Tax Free Fund, Class B
Class EE, Series 3 Common Shares...........  Minnesota Tax Free Fund, Class Y
Class EE, Series 4 Common Shares...........  Minnesota Tax Free Fund, Class C
Class FF Common Shares.....................  Mid Cap Growth Fund, Class A
Class FF, Series 2 Common Shares...........  Mid Cap Growth Fund, Class B
Class FF, Series 3 Common Shares...........  Mid Cap Growth Fund, Class Y
Class FF, Series 4 Common Shares...........  Mid Cap Growth Fund, Class C
Class FF, Series 5 Common Shares...........  Mid Cap Growth Fund, Class S
Class GG Common Shares.....................  Emerging Markets Fund, Class A
Class GG, Series 2 Common Shares...........  Emerging Markets Fund, Class B
Class GG, Series 3 Common Shares...........  Emerging Markets Fund, Class Y
Class GG, Series 4 Common Shares...........  Emerging Markets Fund, Class C



                                       9





                                          
Class GG, Series 5 Common Shares...........  Emerging Markets Fund, Class S
Class HH Common Shares.....................  High Income Fund, Class A
Class HH, Series 2 Common Shares...........  High Income Fund, Class B
Class HH, Series 3 Common Shares...........  High Income Fund, Class Y
Class HH, Series 4 Common Shares...........  High Income Fund, Class C
Class HH, Series 5 Common Shares...........  High Income Fund, Class S
Class I I Common Shares....................  California Tax Free Fund, Class A
Class I I, Series 2 Common Shares..........  California Tax Free Fund, Class C
Class I I, Series 3 Common Shares..........  California Tax Free Fund, Class Y
Class JJ Common Shares.....................  Arizona Tax Free Fund, Class A
Class JJ, Series 2 Common Shares...........  Arizona Tax Free Fund, Class C
Class JJ, Series 3 Common Shares...........  Arizona Tax Free Fund, Class Y
Class KK Common Shares.....................  Colorado Tax Free Fund, Class A
Class KK, Series 2 Common Shares...........  Colorado Tax Free Fund, Class C
Class KK, Series 3 Common Shares...........  Colorado Tax Free Fund, Class Y
Class LL Common Shares.....................  Corporate Bond Fund, Class A
Class LL, Series 2 Common Shares...........  Corporate Bond Fund, Class B
Class LL, Series 3 Common Shares...........  Corporate Bond Fund, Class C
Class LL, Series 4 Common Shares...........  Corporate Bond Fund, Class Y
Class LL, Series 5 Common Shares...........  Corporate Bond Fund, Class S
Class MM Common Shares.....................  Nebraska Tax Free Fund, Class A
Class MM, Series 2 Common Shares...........  Nebraska Tax Free Fund, Class C
Class MM, Series 3 Common Shares...........  Nebraska Tax Free Fund, Class Y
Class NN Common Shares.....................  High Yield Bond Fund, Class A
Class NN, Series 2 Common Shares...........  High Yield Bond Fund, Class B
Class NN, Series 3 Common Shares...........  High Yield Bond Fund, Class C
Class NN, Series 4 Common Shares...........  High Yield Bond Fund, Class Y
Class NN, Series 5 Common Shares...........  High Yield Bond Fund, Class S
Class QQ Common Shares.....................  Large Cap Core Fund, Class A
Class QQ, Series 2 Common Shares...........  Large Cap Core Fund, Class B
Class QQ, Series 3 Common Shares...........  Large Cap Core Fund, Class C
Class QQ, Series 4 Common Shares...........  Large Cap Core Fund, Class Y
Class QQ, Series 5 Common Shares...........  Large Cap Core Fund, Class S
Class RR Common Shares.....................  Growth & Income Fund, Class A
Class SS Common Shares.....................  Mid Cap Growth Opportunities Fund, Class A
Class SS, Series 2 Common Shares...........  Mid Cap Growth Opportunities Fund, Class B
Class SS, Series 3 Common Shares...........  Mid Cap Growth Opportunities Fund, Class C
Class SS, Series 4 Common Shares...........  Mid Cap Growth Opportunities Fund, Class Y
Class SS, Series 5 Common Shares...........  Mid Cap Growth Opportunities Fund, Class S
Class TT Common Shares.....................  Small Cap Growth Opportunities Fund, Class A
Class TT, Series 2 Common Shares...........  Small Cap Growth Opportunities Fund, Class B
Class TT, Series 3 Common Shares...........  Small Cap Growth Opportunities Fund, Class C
Class TT, Series 4 Common Shares...........  Small Cap Growth Opportunities Fund, Class Y
Class TT, Series 5 Common Shares...........  Small Cap Growth Opportunities Fund, Class S
Class UU Common Shares.....................  Small Cap Select Fund, Class A
Class UU, Series 2 Common Shares...........  Small Cap Select Fund, Class B



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Class UU, Series 3 Common Shares...........  Small Cap Select Fund, Class C
Class UU, Series 4 Common Shares...........  Small Cap Select Fund, Class Y
Class UU, Series 5 Common Shares...........  Small Cap Select Fund, Class S
Class WW Common Shares.....................  Mid Cap Index Fund, Class A
Class WW, Series 2 Common Shares...........  Mid Cap Index Fund, Class B
Class WW, Series 3 Common Shares...........  Mid Cap Index Fund, Class C
Class WW, Series 4 Common Shares...........  Mid Cap Index Fund, Class Y
Class WW, Series 5 Common Shares...........  Mid Cap Index Fund, Class S
Class XX Common Shares.....................  Small Cap Index Fund, Class A
Class XX, Series 2 Common Shares...........  Small Cap Index Fund, Class B
Class XX, Series 3 Common Shares...........  Small Cap Index Fund, Class C
Class XX, Series 4 Common Shares...........  Small Cap Index Fund, Class Y
Class XX, Series 5 Common Shares...........  Small Cap Index Fund, Class S
Class YY Common Shares.....................  Bond IMMDEX Fund, Class A
Class YY, Series 2 Common Shares...........  Bond IMMDEX Fund, Class B
Class YY, Series 3 Common Shares...........  Bond IMMDEX Fund, Class C
Class YY, Series 4 Common Shares...........  Bond IMMDEX Fund, Class Y
Class YY, Series 5 Common Shares...........  Bond IMMDEX Fund, Class S
Class ZZ Common Shares.....................  U.S. Government Mortgage Fund, Class A
Class ZZ, Series 2 Common Shares...........  U.S. Government Mortgage Fund, Class B
Class ZZ, Series 3 Common Shares...........  U.S. Government Mortgage Fund, Class C
Class ZZ, Series 4 Common Shares...........  U.S. Government Mortgage Fund, Class Y
Class ZZ, Series 5 Common Shares...........  U.S. Government Mortgage Fund, Class S
Class AAA Common Shares....................  Missouri Tax Free Fund, Class A
Class AAA, Series 2 Common Shares..........  Missouri Tax Free Fund, Class B
Class AAA, Series 3 Common Shares..........  Missouri Tax Free Fund, Class C
Class BBB Common Shares....................  Ohio Tax Free Fund, Class A
Class BBB, Series 2 Common Shares..........  Ohio Tax Free Fund, Class C
Class BBB, Series 3 Common Shares..........  Ohio Tax Free Fund, Class Y
Class CCC Common Shares....................  Short Tax Free Fund, Class A
Class CCC, Series 2 Common Shares..........  Short Tax Free Fund, Class Y
Class DDD Common Shares....................  Intermediate Government Bond Fund, Class A
Class DDD, Series 2 Common Shares..........  Intermediate Government Bond Fund, Class Y
Class EEE Common Shares....................  Large Cap Select Fund, Class A
Class EEE, Series 2 Common Shares..........  Large Cap Select Fund, Class B
Class EEE, Series 3 Common Shares..........  Large Cap Select Fund, Class C
Class EEE, Series 4 Common Shares..........  Large Cap Select Fund, Class S
Class EEE, Series 5 Common Shares..........  Large Cap Select Fund, Class Y





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