| ATTEST:                |   |      | AQUILA      MANAGEMENT CORPORATION  |
|--------------------------------------------|--------|-----------|------------------------------------------|
|                                       |   |      |                                     |   |
| /s/      Rose F. Marotta    |   | By:  | /s/      Lacy B. Herrmann                |   |
| Rose      F. Marotta        |   |      | Lacy      B. Herrmann                    |   |
| Treasurer              |   |      | President      and Chairman              |   |

----

| ATTEST:     |   |      | STCM MANAGEMENT COMPANY,      INC. |
|---------------------------------|--------|-----------|------------------------------------|
|                            |   |      |                               |   |
| /s/      Rose F. Marrotta  |   | By:  | /s/      Lacy B. Herrmann          |   |
| Rose F. Marrotta           |   |      | Lacy B. Herrmann                   |   |
| Treasurer                  |   |      | President and Chairman             |   |
| ATTEST:                      |   |      | AQUILA DISTRIBUTORS,    INC. |
|--------------------------------------------------|--------|-----------|------------------------------|
|                                             |   |      |                         |   |
| /s/      Kenneth L. MacRitchie              |   | By:  | /s/      Lacy B. Herrmann    |   |
| Kenneth L. MacRitchie                       |   |      | Lacy B. Herrmann             |   |
| Assistant      Secretary     |   |      | President and Chairman       |   |

| ATTEST:                      |   |      | AQUILA ROCKY MOUNTAIN      EQUITY FUND |
|--------------------------------------------------|--------|-----------|----------------------------------------|
|                                             |   |      |                                   |   |
| /s/      Kenneth L. MacRitchie              |   | By:  | /s/      Lacy B. Herrmann              |   |
| Kenneth L. MacRitchie                       |   |      | Lacy B. Herrmann                       |   |
| Assistant      Secretary     |   |      | President and Chairman                 |   |

| ATTEST:                      |   |      | CAPITAL CASH MANAGEMENT      TRUST |
|--------------------------------------------------|--------|-----------|------------------------------------|
|                                             |   |      |                               |   |
| /s/      Kenneth L. MacRitchie              |   | By:  | /s/      Lacy B. Herrmann          |   |
| Kenneth L. MacRitchie                       |   |      | Lacy B. Herrmann                   |   |
| Assistant      Secretary     |   |      | President and Chairman             |   |

| ATTEST:                      |   |      | THE CASCADES TRUST        |
|--------------------------------------------------|--------|-----------|---------------------------|
|                                             |   |      |                      |   |
| /s/      Kenneth L. MacRitchie              |   | By:  | /s/      Lacy B. Herrmann |   |
| Kenneth L. MacRitchie                       |   |      | Lacy B. Herrmann          |   |
| Assistant      Secretary     |   |      | President and Chairman    |   |
| ATTEST:                      |   |      | CASH ASSETS TRUST         |
|--------------------------------------------------|--------|-----------|---------------------------|
|                                             |   |      |                      |   |
| /s/      Kenneth L. MacRitchie              |   | By:  | /s/      Lacy B. Herrmann |   |
| Kenneth L. MacRitchie                       |   |      | Lacy B. Herrmann          |   |
| Assistant      Secretary     |   |      | President and Chairman    |   |

| ATTEST:                      |   |      | CHURCHILL CASH RESERVES      TRUST |
|--------------------------------------------------|--------|-----------|------------------------------------|
|                                             |   |      |                               |   |
| /s/      Kenneth L. MacRitchie              |   | By:  | /s/      Lacy B. Herrmann          |   |
| Kenneth L. MacRitchie                       |   |      | Lacy B. Herrmann                   |   |
| Assistant      Secretary     |   |      | President and Chairman             |   |

----

| ATTEST:                      |   |      | CHURCHILL TAX-FREE  TRUST |
|--------------------------------------------------|--------|-----------|---------------------------|
|                                             |   |      |                      |   |
| /s/      Kenneth L. MacRitchie              |   | By:  | /s/      Lacy B. Herrmann |   |
| Kenneth L. MacRitchie                       |   |      | Lacy B. Herrmann          |   |
| Assistant      Secretary     |   |      | President and Chairman    |   |

| ATTEST:                      |   |      | HAWAIIAN TAX-FREE  TRUST  |
|--------------------------------------------------|--------|-----------|---------------------------|
|                                             |   |      |                      |   |
| /s/      Kenneth L. MacRitchie              |   | By:  | /s/      Lacy B. Herrmann |   |
| Kenneth L. MacRitchie                       |   |      | Lacy B. Herrmann          |   |
| Assistant      Secretary     |   |      | President and Chairman    |   |

| ATTEST:                      |   |      | NARRAGANSETTT INSURED      TAX-FREE INCOME FUND |
|--------------------------------------------------|--------|-----------|-------------------------------------------------|
|                                             |   |      |                                            |   |
| /s/      Kenneth L. MacRitchie              |   | By:  | /s/      Lacy B. Herrmann                       |   |
| Kenneth L. MacRitchie                       |   |      | Lacy B. Herrmann                                |   |
| Assistant      Secretary     |   |      | President and Chairman                          |   |

| ATTEST:                      |   |      | PRIME CASH FUND           |
|--------------------------------------------------|--------|-----------|---------------------------|
|                                             |   |      |                      |   |
| /s/      Kenneth L. MacRitchie              |   | By:  | /s/      Lacy B. Herrmann |   |
| Kenneth L. MacRitchie                       |   |      | Lacy B. Herrmann          |   |
| Assistant      Secretary     |   |      | President and Chairman    |   |

| ATTEST:                      |   |      | SHORT TERM ASSET    RESERVES |
|--------------------------------------------------|--------|-----------|------------------------------|
|                                             |   |      |                         |   |
| /s/      Kenneth L. MacRitchie              |   | By:  | /s/      Lacy B. Herrmann    |   |
| Kenneth L. MacRitchie                       |   |      | Lacy B. Herrmann             |   |
| Assistant      Secretary     |   |      | President and Chairman       |   |

| ATTEST:                      |   |      | TAX-FREE FUND FOR  UTAH   |
|--------------------------------------------------|--------|-----------|---------------------------|
|                                             |   |      |                      |   |
| /s/      Kenneth L. MacRitchie              |   | By:  | /s/      Lacy B. Herrmann |   |
| Kenneth L. MacRitchie                       |   |      | Lacy B. Herrmann          |   |
| Assistant      Secretary     |   |      | President and Chairman    |   |

| ATTEST:                      |   |      | TAX-FREE FUND OF    COLORADO |
|--------------------------------------------------|--------|-----------|------------------------------|
|                                             |   |      |                         |   |
| /s/      Kenneth L. MacRitchie              |   | By:  | /s/      Lacy B. Herrmann    |   |
| Kenneth L. MacRitchie                       |   |      | Lacy B. Herrmann             |   |
| Assistant      Secretary     |   |      | President and Chairman       |   |

| ATTEST:                      |   |      | TAX-FREE TRUST OF    ARIZONA |
|--------------------------------------------------|--------|-----------|------------------------------|
|                                             |   |      |                         |   |
| /s/      Kenneth L. MacRitchie              |   | By:  | /s/      Lacy B. Herrmann    |   |
| Kenneth L. MacRitchie                       |   |      | Lacy B. Herrmann             |   |
| Assistant      Secretary     |   |      | President and Chairman       |   |