Delaware Tax-Free Minnesota Intermediate Fund

Holdings as of 12/31/2009 (all share classes)

Portfolio holdings are as of the date noted above and are subject to change at any time. Holdings may not be representative of current or future investments and may not include the entire investment portfolio. Holdings information is made available to the public 30 calendar days after the most recent quarter-end.

Holdings data is for informational purposes only, and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any specific security. By accessing the portfolio holdings, you agree not to reproduce, distribute or disseminate the portfolio holdings, in whole or part. In no event shall the Delaware Family of Funds or its affiliates have any liability relating to the use of the portfolio holdings.

Unlike the Fund's regulatory filings, the portfolio data and its presentation in this document is not required to conform to Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC) presentation requirements. Therefore, it may differ from that provided in the complete portfolio of investments in the annual and semiannual report to shareholders filed with the SEC on Form N-CSR, and the complete portfolio of investments filed in the first and third quarter on Form N-Q.

SEC description	# Holdings	Portfolio %	Market value	Income rate	Maturity date	Nasdaq symbol
ANOKA CNTY MINN	500,000.00	0.56	$544,130.00	5.00	02/01/2027	ANO
ANOKA CNTY MINN	1,175,000.00	1.32	$1,282,042.50	4.00	02/01/2017	ANO
ANOKA-HENNEPIN MINN INDPT SCH	1,000,000.00	1.20	$1,158,250.00	5.00	02/01/2017	ANOSCD
BEMIDJI MINN HEALTH CARE FACS	650,000.00	0.62	$602,894.50	5.00	09/01/2031	BEMMED
BIG LAKE MINN INDPT SCH DIST N	1,000,000.00	1.08	$1,042,470.00	5.00	02/01/2017	BIGSCD
BIG LAKE MINN INDPT SCH DIST N	1,180,000.00	1.27	$1,230,114.60	5.00	02/01/2016	BIGSCD
CASH	-2,575,098.65	-2.66	-$2,575,098.65	0.00	12/15/2038	US-CASH
CENTENNIAL INDPT SCH DIST NO 0	750,000.00	0.83	$805,492.50	5.00	02/01/2020	CNLSCD
CENTENNIAL INDPT SCH DIST NO 0	1,000,000.00	1.11	$1,073,990.00	5.00	02/01/2018	CNLSCD
CHASKA MINN ELEC REV	1,000,000.00	1.08	$1,041,670.00	5.25	10/01/2025	CHAPWR
DAKOTA CNTY MINN	1,000,000.00	1.07	$1,041,190.00	4.75	02/01/2017	DAK
DULUTH MINN ECONOMIC DEV AUTH	1,000,000.00	1.18	$1,147,960.00	5.25	02/15/2033	DULDEV
DULUTH MINN INDPT SCH DIST NO	1,710,000.00	1.89	$1,834,180.20	4.25	02/01/2020	DULSCD
EDINA MINN HSG & REDEV AUTH	1,000,000.00	1.07	$1,035,630.00	5.12	02/01/2019	EDIHSG
GLENCOE MINN HEALTH CARE FACS	1,000,000.00	0.94	$907,440.00	5.00	04/01/2031	GLEMED
HENNEPIN CNTY MINN	1,000,000.00	1.07	$1,040,620.00	4.75	12/01/2014	HEN
HENNEPIN CNTY MINN SALES TAX	1,740,000.00	2.07	$2,003,923.20	5.00	12/15/2017	HENGEN
HOPKINS MINN INDPT SCH DIST NO	2,000,000.00	2.22	$2,153,100.00	5.12	02/01/2017	HOPSCD
LAURENTIAN ENERGY AUTH I LLC	750,000.00	0.74	$714,352.50	5.00	12/01/2021	LREPWR
LONG TERM RECEIVABLES	-160,894.92	-0.17	-$160,894.92	0.00	N/A	SECNCAHUS
MANKATO MINN INDPT SCH DIST NO	1,000,000.00	1.08	$1,046,660.00	4.12	02/01/2022	MANSCD
METROPOLITAN COUNCIL MINN	560,000.00	0.67	$651,313.60	5.00	03/01/2016	METGEN
METROPOLITAN COUNCIL MINN	1,000,000.00	1.11	$1,076,470.00	5.00	03/01/2028	METGEN
MINNEAPOLIS & ST PAUL MINN HSG	850,000.00	0.91	$882,912.00	6.00	12/01/2017	MINMED
MINNEAPOLIS & ST PAUL MINN HSG	1,400,000.00	1.44	$1,400,000.00	0.20	11/15/2035	MINMED
MINNEAPOLIS & ST PAUL MINN MET	500,000.00	0.56	$538,615.00	5.00	01/01/2013	MINAPT
MINNEAPOLIS & ST PAUL MINN MET	750,000.00	0.81	$781,350.00	5.50	01/01/2011	MINAPT
MINNEAPOLIS & ST PAUL MINN MET	750,000.00	0.81	$784,980.00	5.12	01/01/2020	MINAPT
MINNEAPOLIS & ST PAUL MINN MET	1,000,000.00	1.04	$1,010,110.00	5.00	01/01/2022	MINAPT
MINNEAPOLIS MINN	1,500,000.00	1.59	$1,539,840.00	4.00	12/01/2023	MIN
MINNEAPOLIS MINN	1,500,000.00	1.72	$1,671,735.00	4.00	12/01/2014	MIN
MINNEAPOLIS MINN ART CTR FACS	2,250,000.00	2.37	$2,299,500.00	5.12	07/01/2021	MINFAC
MINNEAPOLIS MINN CMNTY DEV AGY	870,000.00	0.90	$875,663.70	6.20	06/01/2017	MINDEV
MINNEAPOLIS MINN HEALTH CARE	500,000.00	0.52	$500,000.00	0.18	11/15/2047	MINMED
MINNEAPOLIS MINN HEALTH CARE	1,500,000.00	1.74	$1,691,175.00	6.62	11/15/2028	MINMED
MINNEAPOLIS MINN HEALTH CARE	1,500,000.00	1.76	$1,707,405.00	5.75	11/15/2032	MINMED
MINNEAPOLIS MINN HEALTH CARE	1,750,000.00	2.03	$1,964,340.00	5.62	05/15/2032	MINMED
MINNEAPOLIS MINN MULTIFAMILY R	1,595,000.00	1.65	$1,598,461.15	6.75	05/01/2021	MINMFH
MINNEAPOLIS MINN TAX INCREMENT	415,000.00	0.31	$303,136.75	5.50	02/01/2022	MINGEN
MINNESOTA MUNICIPAL CASH TRUST	1,928,157.32	1.99	$1,928,157.32	0.19	01/04/2010	010410FRB
MINNESOTA PUB FACS AUTH	1,000,000.00	1.17	$1,133,340.00	5.25	03/01/2013	MNSWTR
MINNESOTA PUB FACS AUTH WTR PO	500,000.00	0.59	$575,645.00	5.00	03/01/2014	MNSWTR
MINNESOTA PUB FACS AUTH WTR PO	1,000,000.00	1.15	$1,112,020.00	5.00	03/01/2018	MNSWTR
MINNESOTA ST	1,000,000.00	1.19	$1,156,490.00	5.00	12/01/2021	MNS
MINNESOTA ST	2,000,000.00	2.40	$2,330,740.00	5.00	08/01/2015	MNS
MINNESOTA ST 911 REVENUE	1,000,000.00	1.08	$1,049,370.00	4.50	06/01/2025	MNSGEN
MINNESOTA ST 911 REVENUE	1,170,000.00	1.30	$1,260,265.50	4.25	06/01/2018	MNSGEN
MINNESOTA ST 911 REVENUE	1,370,000.00	1.55	$1,501,067.90	4.00	06/01/2014	MNSGEN
MINNESOTA ST COLLEGES & UNIV	1,000,000.00	1.12	$1,088,170.00	5.00	10/01/2028	MNSHGR
MINNESOTA ST HIGHER ED FACS	265,000.00	0.28	$268,487.40	4.50	10/01/2023	MNSHGR
MINNESOTA ST HIGHER ED FACS	325,000.00	0.34	$329,082.00	4.40	10/01/2021	MNSHGR
MINNESOTA ST HIGHER ED FACS	750,000.00	0.77	$749,962.50	4.25	03/01/2027	MNSHGR
MINNESOTA ST HIGHER ED FACS	1,000,000.00	1.08	$1,048,220.00	5.00	04/01/2024	MNSHGR
MINNESOTA ST HIGHER ED FACS	1,000,000.00	1.10	$1,062,170.00	4.75	01/01/2023	MNSHGR
MINNESOTA ST HIGHER ED FACS	1,590,000.00	1.73	$1,673,697.60	5.25	10/01/2019	MNSHGR
MINNESOTA ST HIGHER ED FACS AU	1,000,000.00	1.05	$1,020,790.00	6.62	05/01/2020	MNSHGR
MINNESOTA ST HSG FIN AGY	705,000.00	0.74	$713,234.40	5.10	07/01/2020	MNSHSG
MINNESOTA ST HSG FIN AGY	750,000.00	0.73	$704,595.00	4.75	07/01/2032	MNSHSG
MINNESOTA ST HSG FIN AGY	1,000,000.00	0.99	$957,510.00	4.85	07/01/2031	MNSHSG
MINNESOTA ST MUN PWR AGY ELEC	1,000,000.00	1.09	$1,060,310.00	5.25	10/01/2021	MNSPWR
MOORHEAD MINN ECONOMIC DEV AUT	475,000.00	0.44	$431,528.00	4.70	06/01/2018	MOOMFH
NORTHERN MUN PWR AGY MINN ELEC	510,000.00	0.59	$568,741.80	5.00	01/01/2014	NORPWR
NORTHERN MUN PWR AGY MINN ELEC	1,000,000.00	1.16	$1,120,310.00	5.00	01/01/2015	NORPWR
NORTHERN MUN PWR AGY MINN ELEC	1,200,000.00	1.36	$1,317,192.00	5.00	01/01/2013	NORPWR
OSSEO MINN INDPT SCH DIST 279	1,500,000.00	1.65	$1,598,295.00	5.00	02/01/2021	OSSSCD
PUERTO RICO COMWLTH	1,000,000.00	1.07	$1,035,490.00	5.25	07/01/2015	PRC
PUERTO RICO PUB FIN CORP	1,000,000.00	1.06	$1,028,700.00	5.75	08/01/2027	PRCGEN
PUERTO RICO SALES TAX FING	250,000.00	0.27	$261,290.00	6.12	08/01/2029	PRCGEN
PUERTO RICO SALES TAX FING	500,000.00	0.54	$524,555.00	5.00	08/01/2039	PRCGEN
PUERTO RICO SALES TAX FING	510,000.00	0.40	$389,140.20	0.00	08/01/2032	PRCGEN
PUERTO RICO SALES TAX FING	1,000,000.00	1.06	$1,029,550.00	5.25	08/01/2027	PRCGEN
ROCHESTER MINN HEALTH CARE &	950,000.00	0.97	$942,305.00	6.88	12/01/2029	ROCMED
SECURITIZED NET CASH - ACR1	1,391,320.82	1.44	$1,391,320.82	0.00	N/A	SECCASHAC
SOUTH WASH CNTY INDPT SCH DIST	750,000.00	0.80	$775,117.50	4.00	02/01/2022	SWHSCD
SOUTH WASH CNTY INDPT SCH DIST	1,560,000.00	1.74	$1,684,987.20	5.00	02/01/2016	SWHSCD
SOUTHERN MINN MUN PWR AGY PWR	1,000,000.00	1.09	$1,054,250.00	5.25	01/01/2030	SOUPWR
SOUTHERN MINN MUN PWR AGY PWR	1,000,000.00	1.17	$1,130,510.00	5.25	01/01/2015	SOUPWR
ST CLOUD MINN HEALTH CARE REV	1,000,000.00	1.07	$1,036,690.00	5.38	05/01/2031	SUDMED
ST CLOUD MINN HSG & REDEV AUTH	1,000,000.00	1.06	$1,027,400.00	5.00	05/01/2023	SUDHSG
ST LOUIS PARK MINN HEALTH CARE	1,000,000.00	1.03	$995,270.00	5.50	07/01/2029	SLPMED
ST LOUIS PARK MINN HEALTH CARE	1,500,000.00	1.57	$1,517,670.00	5.62	07/01/2026	SLPMED
ST LOUIS PARK MINN HEALTH CARE	1,500,000.00	1.80	$1,742,745.00	5.50	07/01/2025	SLPMED
ST PAUL MINN HSG & REDEV AUTH	1,160,000.00	1.18	$1,145,581.20	5.85	11/01/2017	STPMED
ST PAUL MINN HSG & REDEV AUTH	2,000,000.00	2.08	$2,012,120.00	5.25	11/15/2028	STPMED
ST PAUL MINN INDPT SCH DIST NO	1,020,000.00	1.16	$1,127,956.80	4.00	02/01/2015	STPSCD
ST PAUL MINN SWR REV	1,275,000.00	1.49	$1,443,338.25	5.00	12/01/2020	STPUTL
UNIVERSITY MINN	310,000.00	0.35	$341,737.80	4.00	04/01/2015	UNIHGR
UNIVERSITY MINN	400,000.00	0.49	$471,344.00	5.75	07/01/2018	UNIHGR
UNIVERSITY MINN	1,000,000.00	1.21	$1,172,910.00	5.75	07/01/2016	UNIHGR
UNIVERSITY MINN SPL PURP REV	1,500,000.00	1.71	$1,659,840.00	5.00	08/01/2018	UNIHGR
VIRGINIA MINN HSG & REDEV AUTH	880,000.00	0.87	$839,115.20	5.25	10/01/2025	VIRMED
WHITE BEAR LAKE MINN INDPT SCH	1,000,000.00	1.13	$1,095,840.00	4.75	02/01/2022	WHISCD