WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>


<ARTICLE>  6
           
<CIK>      0000764860
           
<NAME>  FLAGSHIP LIMITED TERM TAX EXEMPT FUND
                                         
<SERIES>
                                         
<NUMBER>                           161
                                   
<NAME>                             CLASS A
                                   
<MULTIPLIER>                       1
                                   
                                   
                                   
<S>                                <C>
<PERIOD-TYPE>                  6 MOS
                               
<FISCAL-YEAR-END>              MAY-31-1997
                               
<PERIOD-START>                 JUN-01-1996
                               
<PERIOD-END>                   NOV-30-1996
                               
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<INVESTMENTS-AT-VALUE>         491,545,395
                               
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</TABLE>