X0101 EFFECT 33 LIVE 2013-02-05 14:00:00

N-14

0001040612 MADISON FUNDS 333-185872 0001040612 MADISON FUNDS S000020645 Cash Reserves Fund C000057634 Cash Reserves Fund Class A 0000310407 MADISON MOSAIC GOVERNMENT MONEY MARKET S000000484 MADISON MOSAIC GOVERNMENT MONEY MARKET C000001336 Y 0001040612 MADISON FUNDS S000020646 Bond Fund C000057639 Bond Fund Class Y 0000710978 MADISON MOSAIC INCOME TRUST S000000489 Madison Mosaic Core Bond Fund C000001341 Y 0001040612 MADISON FUNDS S000020646 Bond Fund C000124802 R6 0000710978 MADISON MOSAIC INCOME TRUST S000000489 Madison Mosaic Core Bond Fund C000110963 R6 0001040612 MADISON FUNDS S000020651 Mid Cap Fund C000057654 Mid Cap Fund Class Y 0000710977 MADISON MOSAIC EQUITY TRUST S000000486 Madison Mosaic Mid-Cap Fund C000001338 Y 0001040612 MADISON FUNDS S000020651 Mid Cap Fund C000124803 Class R6 0000710977 MADISON MOSAIC EQUITY TRUST S000000486 Madison Mosaic Mid-Cap Fund C000110960 R6 0001040612 MADISON FUNDS S000040128 Madison Government Bond Fund C000124791 Class Y 0000710978 MADISON MOSAIC INCOME TRUST S000000490 Madison Mosaic Government Fund C000001342 Y 0001040612 MADISON FUNDS S000040129 Madison High Quality Bond Fund C000124792 Class Y 0000710978 MADISON MOSAIC INCOME TRUST S000000491 Madison Mosaic Institutional Bond Fund C000001343 Y 0001040612 MADISON FUNDS S000040130 Madison Corporate Bond Fund C000124793 Class Y 0000710978 MADISON MOSAIC INCOME TRUST S000017817 Madison Mosaic Investment Grade Corporate Bond Fund C000049443 Y 0001040612 MADISON FUNDS S000040131 Madison Investors Fund C000124794 Class Y 0000710977 MADISON MOSAIC EQUITY TRUST S000000485 Madison Mosaic Investors Fund C000001337 Y 0001040612 MADISON FUNDS S000040132 Madison Dividend Income Fund C000124795 Class Y 0000710977 MADISON MOSAIC EQUITY TRUST S000000487 Madison Mosaic Dividend Income Fund C000001339 Y 0001040612 MADISON FUNDS S000040133 Madison Disciplined Equity Fund C000124796 Class Y 0000710977 MADISON MOSAIC EQUITY TRUST S000000488 Madison Mosaic Disciplined Equity Fund C000001340 Y 0001040612 MADISON FUNDS S000040133 Madison Disciplined Equity Fund C000124797 Class R6 0000710977 MADISON MOSAIC EQUITY TRUST S000000488 Madison Mosaic Disciplined Equity Fund C000110961 R6 0001040612 MADISON FUNDS S000040134 Madison NorthRoad International Fund C000124798 Class Y 0000710977 MADISON MOSAIC EQUITY TRUST S000023447 NorthRoad International Fund C000068832 Y 0001040612 MADISON FUNDS S000040134 Madison NorthRoad International Fund C000124799 Class R6 0000710977 MADISON MOSAIC EQUITY TRUST S000023447 NorthRoad International Fund C000110962 R6 0001040612 MADISON FUNDS S000040135 Madison Tax-Free National Fund C000124800 Class Y 0000703303 MADISON MOSAIC TAX-FREE TRUST S000000492 Madison Mosaic Tax-Free National Fund C000001344 Y 0001040612 MADISON FUNDS S000040136 Madison Tax-Free Virginia Fund C000124801 Class Y 0000703303 MADISON MOSAIC TAX-FREE TRUST S000000493 Madison Mosaic Virginia Tax-Free Fund C000001345 Y