EXHIBIT DWachovia Municipal Funds • January 30th, 2001
CLASS A SHARES* CLASS Y SHARESWachovia Municipal Funds • January 30th, 2001
In consideration of the mutual covenants set forth in the Distribution Agreement dated November 30, 1990 between The Biltmore Municipal Funds and Federated Securities Corp., The Biltmore Municipal Funds executes and delivers this Exhibit on behalf of the Portfolios first set forth in this Exhibit.
