Now that you are acquainted with some of the principal characteristics of zero coupon municipal bonds, you should review your investment portfolio to determine whether it provides the degree of safety and long-term growth potential offered by municipal zeros.

The municipal securities or zero coupon department of your securities dealer or commercial bank can answer your questions about specific zero coupon municipal issues and help you define your investment objectives. These professionals can provide you with information about current offerings in both the new-issue and secondary markets and can assist you in selecting the bonds most suited to your needs.

The Tax-exempt/Taxable Yield Equivalents table will help you determine the amount of income you require from a taxable investment to equal the yield on a tax-exempt bond. The table is for illustrative purposes only and is not intended to be representative of any specific security.