<ARTICLE> 6 <CIK> 0000764860 <NAME> FLAGSHIP NEW MEXICO DOUBLE TAX EXEMPT FUND <SERIES> <NUMBER> 211 <NAME> CLASS A <MULTIPLIER> 1 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> MAY-31-1996 <PERIOD-START> JUN-01-1995 <PERIOD-END> MAY-31-1996 <INVESTMENTS-AT-COST> 50,967,832 <INVESTMENTS-AT-VALUE> 51,261,803 <RECEIVABLES> 1,101,500 <ASSETS-OTHER> 3,216 <OTHER-ITEMS-ASSETS> 0 <TOTAL-ASSETS> 52,366,519 <PAYABLE-FOR-SECURITIES> 60,196 <SENIOR-LONG-TERM-DEBT> 0 <OTHER-ITEMS-LIABILITIES> 1,133,142 <TOTAL-LIABILITIES> 1,193,338 <SENIOR-EQUITY> 0 <PAID-IN-CAPITAL-COMMON> 52,262,539 <SHARES-COMMON-STOCK> 5,219,040 <SHARES-COMMON-PRIOR> 5,211,198 <ACCUMULATED-NII-CURRENT> 0 <OVERDISTRIBUTION-NII> 0 <ACCUMULATED-NET-GAINS> (1,383,329) <OVERDISTRIBUTION-GAINS> 0 <ACCUM-APPREC-OR-DEPREC> 293,971 <NET-ASSETS> 51,173,181 <DIVIDEND-INCOME> 0 <INTEREST-INCOME> 2,981,914 <OTHER-INCOME> 0 <EXPENSES-NET> (334,997) <NET-INVESTMENT-INCOME> 2,646,917 <REALIZED-GAINS-CURRENT> (189,794) <APPREC-INCREASE-CURRENT> (845,219) <NET-CHANGE-FROM-OPS> 1,611,904 <EQUALIZATION> 0 <DISTRIBUTIONS-OF-INCOME> (2,660,344) <DISTRIBUTIONS-OF-GAINS> 0 <DISTRIBUTIONS-OTHER> 0 <NUMBER-OF-SHARES-SOLD> 691,631 <NUMBER-OF-SHARES-REDEEMED> (817,071) <SHARES-REINVESTED> 133,282 <NET-CHANGE-IN-ASSETS> (977,222) <ACCUMULATED-NII-PRIOR> 0 <ACCUMULATED-GAINS-PRIOR> (1,193,535) <OVERDISTRIB-NII-PRIOR> 0 <OVERDIST-NET-GAINS-PRIOR> 0 <GROSS-ADVISORY-FEES> 258,828 <INTEREST-EXPENSE> 0 <GROSS-EXPENSE> 578,452 <AVERAGE-NET-ASSETS> 51,624,198 <PER-SHARE-NAV-BEGIN> 10.01 <PER-SHARE-NII> 0.51 <PER-SHARE-GAIN-APPREC> (0.19) <PER-SHARE-DIVIDEND> (0.52) <PER-SHARE-DISTRIBUTIONS> 0.00 <RETURNS-OF-CAPITAL> 0.00 <PER-SHARE-NAV-END> 9.81 <EXPENSE-RATIO> 0.68 <AVG-DEBT-OUTSTANDING> 114,500 <AVG-DEBT-PER-SHARE> 0.02