----

| ATTEST:                                                         |           | AQUILA MANAGEMENT CORPORATION                                                |
|-----------------------------------------------------------------|----------------|------------------------------------------------------------------------------|
|                                                            |           |                                                                         |
|                                                            |           |                                                                         |
| /s/ Pamela Rose         | By        |  /s/  Charles E. Childs, III                                       |
|                                                            |           |        Charles E. Childs, III             |
|                                                            |           |        Executive Vice President           |
|                                                            |           |                                                                         |
|                                                            |           |                                                                         |
| ATTEST:                                                         |           | AQUILA INVESTMENT MANAGEMENT LLC                                             |
|                                                            |           |                                                                         |
|                                                            |           |                                                                         |
| /s/ Pamela Rose         | By        | /s/  Charles E. Childs, III                                             |
|                                                            |           |       Charles E. Childs, III                   |
|                                                            |           |       Executive Vice President                 |
|                                                            |           |                                                                         |
|                                                            |           |                                                                         |
| ATTEST:                                                         |           | AQUILA DISTRIBUTORS, INC.                                                    |
|                                                            |           |                                                                         |
|                                                            |           |                                                                    |
| /s/ Pamela Rose         | By   | /s/  Joseph P. DiMaggio                                                 |
|                                                            |           |       Joseph P. DiMaggio                       |
|                                                            |           |       Principal and Treasurer                  |
|                                                            |           |                                                                         |
|                                                            |           |                                                                         |
| ATTEST:                                                         |           | AQUILA THREE PEAKS HIGH INCOME FUND                                          |
|                                                            |           |                                                                         |
|                                                            |           |                                                                         |
| /s/ Pamela Rose         | By   | /s/  Charles E. Childs, III                                             |
|                                                            |           |       Charles E. Childs, III                   |
|                                                            |           |       Executive Vice President & Secretary |
|                                                            |           |                                                                         |
|                                                            |           |                                                                         |
| ATTEST:                                                         |           | AQUILA THREE PEAKS OPPORTUNITY GROWTH FUND                                   |
|                                                            |           |                                                                         |
|                                                            |           |                                                                         |
| /s/ Pamela Rose         | By   | /s/  Charles E. Childs, III                                             |
|                                                            |           |       Charles E. Childs, III                   |
|                                                            |           |       Executive Vice President & Secretary |

----

| ATTEST:                                                         |                 | CAPITAL CASH MANAGEMENT TRUST                                                |
|-----------------------------------------------------------------|----------------------|------------------------------------------------------------------------------|
|                                                            |                 |                                                                         |
|                                                            |                 |                                                                         |
| /s/ Pamela Rose         |  By   | /s/  Charles E. Childs, III                                             |
|                                                            |                 |       Charles E. Childs, III                   |
|                                                            |                 |       Executive Vice President & Secretary |
|                                                            |                 |                                                                         |
|                                                            |                 |                                                                         |
| ATTEST:                                                         |                 | CHURCHILL CASH RESERVES TRUST                                                |
|                                                            |                 |                                                                         |
|                                                            |                 |                                                                         |
| /s/ Pamela Rose         |  By   | /s/  Charles E. Childs, III                                             |
|                                                            |                 |       Charles E. Childs, III                   |
|                                                            |                 |       Executive Vice President & Secretary      |
|                                                            |                 |                                                                         |
|                                                            |                 |                                                                         |
| ATTEST:                                                         |                 | CHURCHILL TAX-FREE FUND OF KENTUCKY                                          |
|                                                            |                 |                                                                         |
|                                                            |                 |                                                                         |
| /s/ Pamela Rose         |  By   | /s/  Charles E. Childs, III                                             |
|                                                            |                 |       Charles E. Childs, III                   |
|                                                            |                 |       Executive Vice President & Secretary      |
|                                                            |                 |                                                                         |
|                                                            |                 |                                                                         |
| ATTEST:                                                         |                 | HAWAIIAN TAX-FREE TRUST                                                      |
|                                                            |                 |                                                                         |
|                                                            |                 |                                                                         |
| /s/ Pamela Rose         |  By   | /s/  Charles E. Childs, III                                             |
|                                                            |                 |       Charles E. Childs, III                   |
|                                                            |                 |       Executive Vice President & Secretary      |
|                                                            |                 |                                                                         |
|                                                            |                 |                                                                         |
| ATTEST:                                                         |                 | NARRAGANSETT INSURED TAX-FREE INCOME FUND                                    |
|                                                            |                 |                                                                         |
|                                                            |                 |                                                                         |
| /s/ Pamela Rose         |  By   | /s/  Charles E. Childs, III                                             |
|                                                            |                 |       Charles E. Childs, III                   |
|                                                            |                 |       Executive Vice President & Secretary      |
|                                                            |                 |                                                                         |
|                                                            |                 |                                                                         |
| ATTEST:                                                         |                 | TAX-FREE FUND OF COLORADO                                                    |
|                                                            |                 |                                                                         |
|                                                            |                 |                                                                         |
| /s/ Pamela Rose         |  By   | /s/  Charles E. Childs, III                                             |
|                                                            |                 |       Charles E. Childs, III                   |
|                                                            |                 |       Executive Vice President & Secretary      |

----

| ATTEST:                                                         |                  | TAX-FREE FUND FOR UTAH                                                       |
|-----------------------------------------------------------------|-----------------------|------------------------------------------------------------------------------|
|                                                            |                  |                                                                         |
|                                                            |                  |                                                                         |
|                                                            |                  |                                                                         |
| /s/ Pamela Rose         |   By   | /s/  Charles E. Childs, III                                             |
|                                                            |                  |       Charles E. Childs, III                        |
|                                                            |                  |       Executive Vice President & Secretary      |
|                                                            |                  |                                                                         |
|                                                            |                  |                                                                         |
| ATTEST:                                                         |                  | TAX-FREE TRUST OF ARIZONA                                                    |
|                                                            |                  |                                                                         |
|                                                            |                  |                                                                         |
| /s/ Pamela Rose         | By          | /s/  Charles E. Childs, III                                             |
|                                                            |                  |       Charles E. Childs, III                   |
|                                                            |                  |       Executive Vice President & Secretary |
|                                                            |                  |                                                                         |
|                                                            |                  |                                                                         |
| ATTEST:                                                         |                  | TAX-FREE TRUST OF OREGON                                                     |
|                                                            |                  |                                                                         |
|                                                            |                  |                                                                         |
| /s/ Pamela Rose         | By          | /s/  Charles E. Childs, III                                             |
|                                                            |                  |       Charles E. Childs, III                   |
|                                                            |                  |       Executive Vice President & Secretary      |