<ARTICLE>                                                        6
 
 <CIK>                                       0000764860
 
 <NAME>                                      FLAGSHIP KENTUCKY
                                             TRIPLE TAX EXEMPT FUND

 <SERIES>
 
 <NUMBER>                                                       113
 
 <NAME>                                      CLASS C
 
 <MULTIPLIER>                                                     1

        
 
                                          
 <PERIOD-TYPE>                               YEAR
 
 <FISCAL-YEAR-END>                           MAY-31-1996
 
 <PERIOD-START>                              JUN-01-1995

 <PERIOD-END>                                MAY-31-1996
 
 <INVESTMENTS-AT-COST>                                  412,495,458
 
 <INVESTMENTS-AT-VALUE>                                 428,017,344
 
 <RECEIVABLES>                                            7,353,430
 
 <ASSETS-OTHER>                                           2,574,903

 <OTHER-ITEMS-ASSETS>                                             0
 
 <TOTAL-ASSETS>                                         437,945,677
 
 <PAYABLE-FOR-SECURITIES>                                 3,741,553
 
 <SENIOR-LONG-TERM-DEBT>                                          0

 <OTHER-ITEMS-LIABILITIES>                                2,748,748
 
 <TOTAL-LIABILITIES>                                      6,490,301
 
 <SENIOR-EQUITY>                                                  0
 
 <PAID-IN-CAPITAL-COMMON>                               416,299,668
 
 <SHARES-COMMON-STOCK>                                    1,909,156

 <SHARES-COMMON-PRIOR>                                    1,440,523
 
 <ACCUMULATED-NII-CURRENT>                                        0
 
 <OVERDISTRIBUTION-NII>                                           0
 
 <ACCUMULATED-NET-GAINS>                                  (366,178)

 <OVERDISTRIBUTION-GAINS>                                         0
 
 <ACCUM-APPREC-OR-DEPREC>                                15,521,886
 
 <NET-ASSETS>                                           431,455,376
 
 <DIVIDEND-INCOME>                                                0
 
 <INTEREST-INCOME>                                       26,394,174

 <OTHER-INCOME>                                                   0
 
 <EXPENSES-NET>                                         (3,096,769)
 
 <NET-INVESTMENT-INCOME>                                 23,297,405
 
 <REALIZED-GAINS-CURRENT>                                   746,629

 <APPREC-INCREASE-CURRENT>                              (7,775,753)
 
 <NET-CHANGE-FROM-OPS>                                   16,268,281
 
 <EQUALIZATION>                                                   0
 
 <DISTRIBUTIONS-OF-INCOME>                                (950,670)
 
 <DISTRIBUTIONS-OF-GAINS>                                         0

 <DISTRIBUTIONS-OTHER>                                            0
 
 <NUMBER-OF-SHARES-SOLD>                                    739,589
 
 <NUMBER-OF-SHARES-REDEEMED>                              (330,172)
 
 <SHARES-REINVESTED>                                         59,216

 <NET-CHANGE-IN-ASSETS>                                   4,815,795
 
 <ACCUMULATED-NII-PRIOR>                                          0
 
 <ACCUMULATED-GAINS-PRIOR>                              (1,112,807)
 
 <OVERDISTRIB-NII-PRIOR>                                          0
 
 <OVERDIST-NET-GAINS-PRIOR>                                       0 
 
 <GROSS-ADVISORY-FEES>                                    2,128,617
 
 <INTEREST-EXPENSE>                                               0
 
 <GROSS-EXPENSE>                                          4,472,932

 <AVERAGE-NET-ASSETS>                                   424,560,228
 
 <PER-SHARE-NAV-BEGIN>                                        10.99
 
 <PER-SHARE-NII>                                               0.54
 
 <PER-SHARE-GAIN-APPREC>                                     (0.17)
 
 <PER-SHARE-DIVIDEND>                                        (0.55)

 <PER-SHARE-DISTRIBUTIONS>                                     0.00
 
 <RETURNS-OF-CAPITAL>                                          0.00
 
 <PER-SHARE-NAV-END>                                          10.81
 
 <EXPENSE-RATIO>                                               1.27

 <AVG-DEBT-OUTSTANDING>                                     285,600
 
 <AVG-DEBT-PER-SHARE>                                          0.01