<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