State-specific tax-free funds:
Percentage of interest income subject to AMT

The alternative minimum tax (AMT) was created for taxpayers who are eligible for certain tax deductions from their adjusted gross income. With the AMT, many deductions and credits normally allowed are eliminated for specific taxpayers.

A shareholder can determine if the AMT applies to him or her by completing the AMT calculation on IRS Form 6251 or by using the AMT Assistant Webtool available on the IRS Web site at www.irs.gov. The instructions for Form 6251 and the IRS Webtool will assist shareholders with calculating their AMT. A percentage of the income earned on the tax-exempt funds may be subject to the AMT. The information below is for calendar year 2009.

The information contained in the Tax Center is not intended to be legal or tax advice. If you need assistance preparing your tax return, please consult a tax advisor.

Information may be abridged and therefore incomplete. Any discussion pertaining to taxes in this communication (including attachments) may be part of the promotion or marketing of a product. As provided for in government regulations, advice (if any) related to federal taxes that is contained in this communication (including attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code. Individuals should seek advice based on their own particular circumstances from an independent tax advisor.

Investors should consider the investment objectives, risks and charges and expenses of a Fund carefully before investing. Each Fund's prospectus contains this and other important information about the Fund. Please request a prospectus by calling 800 523-1918 or by visiting the prospectuses & shareholder reports section of www.delawareinvestments.com. Read it carefully before investing or sending money.