Exhibit No. EX-99.12(a)

                               [SRSY LETTERHEAD]

                                 April 11, 2005



Board of Trustees
Voyageur Investment Trust
2005 Market Street
Philadelphia, PA  19103


          Re:  Agreement and Plan of Reorganization (the "Agreement") made as of
               the 7th day of April, 2005, by the Voyageur Investment Trust (the
               "Trust"),  a  business  trust  created  under  the  laws  of  the
               Commonwealth  of  Massachusetts,  on  behalf  of its two  series,
               Delaware  Tax-Free Florida Insured Fund ("Acquiring  Fund"),  and
               Delaware Tax-Free Florida Fund ("Acquired Fund")


Gentlemen:

     You have  requested  our  opinion  concerning  certain  federal  income tax
consequences of the reorganization of the Acquired Fund (the  "Reorganization"),
which  will  consist  of:  (i)  the   acquisition   by  the  Acquiring  Fund  of
substantially  all of the property,  assets and goodwill of the Acquired Fund in
exchange  solely for (a) shares of  beneficial  interest,  no par value,  of the
Acquiring  Fund - Class A  ("Acquiring  Fund  Class A  Shares"),  (b)  shares of
beneficial  interest,  no par value, of the Acquiring Fund - Class B ("Acquiring
Fund Class B Shares"),  (c) shares of beneficial interest,  no par value, of the
Acquiring  Fund - Class C  ("Acquiring  Fund  Class C  Shares"),  (d)  shares of
beneficial  interest,  no par value, of the Acquiring Fund - Class R ("Acquiring
Fund Class R Shares"),  (e) shares of beneficial interest,  no par value, of the
Acquiring  Fund -  Institutional  Class  ("Acquiring  Fund  Institutional  Class
Shares" and, together with Acquiring Fund Class A Shares,  "Acquiring Fund Class
B Shares,  Acquiring  Fund Class C Shares,  Acquiring  Fund Class R Shares,  the
"Acquiring Fund Shares"), and (f) the assumption by the Acquiring Fund of all of
the  liabilities of the Acquired Fund;  (ii) the  distribution  of (a) Acquiring
Fund  Class A  shares  to the  shareholders  of  Acquired  Fund - Class A Shares
("Acquired  Fund  Class A  Shares"),  (b)  Acquiring  Fund Class B Shares to the
shareholders of Acquired Fund - Class B Shares ("Acquired Fund Class B Shares"),
(c) Acquiring Fund Class C Shares to the shareholders of Acquired Fund - Class C
Shares  ("Acquired  Fund Class C Shares"),  (d) Acquiring Fund Class R Shares to
the  shareholders  of  Acquired  Fund - Class R Shares  ("Acquired  Fund Class R
Shares"),  and (e) Acquiring Fund Institutional Class Shares to the shareholders
of Acquired Fund -  Institutional  Class Shares  ("Acquired  Fund  Institutional
Class Shares" and, together with the Acquired Fund Class A Shares, Acquired Fund
Class B Shares,  Acquired  Fund Class C Shares and Acquired Fund Class R Shares,
the "Acquired Fund Shares"), according to their respective interests in complete
liquidation of the Acquired Fund; and (iii) the dissolution of the Acquired Fund
as soon as practicable  after the closing (the "Closing"),  all upon and subject
to the terms and conditions of the Agreement.

     In  rendering  our  opinion,  we have  reviewed  and relied  upon:  (a) the
Agreement, made as of the 7th day of April, 2005, by the Trust, on behalf of the
Acquiring  Fund and the  Acquired  Fund;  (b) the proxy  materials  provided  to
shareholders of the Acquired Fund in connection with a Shareholders'  Meeting of
the Acquired Fund held on March 23, 2005; (c) certain representations concerning
the Reorganization  made to us by the Trust, on behalf of the Acquiring Fund and
the  Acquired  Fund,  in a letter  dated  April 11,  2005  (the  "Representation
Letter");  (d) all other  documents,  financial  and other reports and corporate
minutes we deemed relevant or appropriate;  and (e) such statutes,  regulations,
rulings and decisions as we deemed material in rendering this opinion. All terms
used herein, unless otherwise defined, are used as defined in the Agreement.

     For purposes of this  opinion,  we have assumed that the Acquired  Fund, on
the Closing of the  Reorganization,  satisfies,  and  immediately  following the
Closing,  the  Acquiring  Fund will  continue to satisfy,  the  requirements  of
Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"),  for
qualification as a regulated investment company.

     Based on the foregoing,  and provided the  Reorganization is carried out in
accordance with the applicable laws of the  Commonwealth of  Massachusetts,  the
terms of the Agreement  and the  statements  in the  Representation  Letter with
regard to matters of fact, it is our opinion that:

     1. The acquisition by the Acquiring Fund of substantially all of the assets
and the  assumption of the  liabilities  of the Acquired Fund as provided for in
the Agreement in exchange solely for the Acquiring Fund Shares,  followed by the
distribution  by the Acquired Fund to its  shareholders  of the  Acquiring  Fund
Shares  in  complete  liquidation  of  the  Acquired  Fund,  will  qualify  as a
reorganization  within the  meaning of Section  368(a)(1)  of the Code,  and the
Acquired   Fund  and  the   Acquiring   Fund  each  will  be  a  "party  to  the
reorganization" within the meaning of Section 368(b) of the Code.

     2. No gain  or loss  will be  recognized  by the  Acquired  Fund  upon  the
transfer  of  substantially  all of its  assets  to and  the  assumption  of the
liabilities  by the Acquiring  Fund in exchange  solely for the  Acquiring  Fund
Shares pursuant to Section 361(a) and Section 357(a) of the Code.

     3. No gain or loss  will be  recognized  by the  Acquiring  Fund  upon  the
receipt by it of  substantially  all of the assets to and the  assumption of the
liabilities  of the  Acquired  Fund in exchange  solely for the  Acquiring  Fund
Shares pursuant to Section 1032(a) of the Code.

     4. No gain  or loss  will be  recognized  by the  Acquired  Fund  upon  the
distribution  of the  Acquiring  Fund  Shares to its  shareholders  in  complete
liquidation  of the Acquired  Fund (in pursuance of the  Agreement)  pursuant to
Section 361(c)(1) of the Code.

     5. The basis of the assets of the Acquired  Fund  received by the Acquiring
Fund  will be the  same as the  basis  of  these  assets  to the  Acquired  Fund
immediately prior to the exchange pursuant to Section 362(b) of the Code.

     6. The holding  period of the assets of the Acquired  Fund  received by the
Acquiring Fund will include the period during which such assets were held by the
Acquired Fund pursuant to Section 1223(2) of the Code.

     7. No gain or loss will be recognized by the  shareholders  of the Acquired
Fund upon the  exchange of their  Acquired  Fund Shares for the  Acquiring  Fund
Shares (including fractional shares to which they may be entitled),  pursuant to
Section 354(a) of the Code.

     8. The basis of the Acquiring Fund Shares  received by the  shareholders of
the Acquired Fund  (including  fractional  shares to which they may be entitled)
will be the same as the basis of the  Acquired  Fund Shares  exchanged  therefor
pursuant to Section 358(a)(1) of the Code.

     9.  The  holding  period  of the  Acquiring  Fund  Shares  received  by the
shareholders of the Acquired Fund (including fractional shares to which they may
be  entitled)  will  include  the  holding  period of the  Acquired  Fund Shares
surrendered  in exchange  therefor,  provided that the Acquired Fund Shares were
held as a capital asset on the Closing of the Reorganization pursuant to Section
1223(1) of the Code.

     10. The  Acquiring  Fund will succeed to and take into  account,  as of the
date of the  transfer  as  defined in  Section  1.381(b)-1(b)  of the income tax
regulations  issued  by  the  United  States  Department  of the  Treasury  (the
"Treasury  Regulations"),  the items of the Acquired  Fund  described in Section
381(c) of the Code,  subject to the  conditions  and  limitations  specified  in
Sections 381, 382, 383 and 384 of the Code and the Treasury Regulations.

     Our opinion is based upon the Code,  the applicable  Treasury  Regulations,
the present positions of the Internal Revenue Service (the "Service") as are set
forth  in   published   revenue   rulings   and  revenue   procedures,   present
administrative positions of the Service, and existing judicial decisions, all of
which are subject to change either  prospectively  or  retroactively.  We do not
undertake to make any continuing analysis of the facts or relevant law following
the Closing of the Reorganization.

     Our opinion is conditioned  upon the performance by the Trust, on behalf of
the Acquiring Fund and the Acquired Fund, of their undertakings in the Agreement
and the  Representation  Letter.  Our  opinion is  limited  to the  transactions
incident to the Reorganization described herein, and no opinion is rendered with
respect  to (i)  any  other  transaction  or (ii)  the  effect,  if any,  of the
Reorganization   (and/or  the  transactions   incident  thereto)  on  any  other
transaction  and/or the  effect,  if any, of any such other  transaction  on the
Reorganization.

     This  opinion is being  rendered to the Trust,  on behalf of the  Acquiring
Fund and the  Acquired  Fund,  and may be relied upon only by such funds and the
shareholders of each. We hereby consent to the use of this opinion as an exhibit
to the  Registration  Statement  of the  Acquired  Fund  on Form  N-14,  and any
amendments thereto, covering the registration of the shares of the Acquired Fund
under  the   Securities   Act  of  1933,  as  amended,   to  be  issued  in  the
Reorganization.

                                  Very truly yours,

                                  STRADLEY, RONON, STEVENS & YOUNG, LLP


                                  By: /s/William S. Pilling, III
                                      William S. Pilling, III, a partner