DMC TAX FREE INCOME TRUST PA
NSAR-A, 1997-10-27
Previous: INVESCO GROWTH FUND INC /CO/, 497, 1997-10-27
Next: GRC INTERNATIONAL INC, 424B3, 1997-10-27



<PAGE>      PAGE  1
000 A000000 08/31/97
000 C000000 0000201670
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 DMC TAX-FREE INCOME TRUST - PENNSYLVANIA
001 B000000 811-2715
001 C000000 2152552926
002 A000000 2005 MARKET STREET
002 B000000 PHILADELPHIA
002 C000000 PA
002 D010000 19103
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
018  000000 Y
019 A000000 Y
019 B000000  100
019 C000000 DELAWARECX
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 FIRST ALBANY
022 C000001     21814
022 D000001     32719
022 A000002 PITTSBURG NATIONAL BANK
022 C000002     25016
022 D000002     28293
022 A000003 GOLDMAN SACHS
022 C000003     11877
022 D000003     19527
022 A000004 LEHMAN BROTHERS
022 C000004     17357
022 D000004     10702
022 A000005 SMITH BARNEY
022 C000005     10942
<PAGE>      PAGE  2
022 D000005     11486
022 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 C000006     16771
022 D000006         0
022 A000007 WHEAT FIRST SECURITIES
022 C000007     10212
022 D000007      6348
022 A000008 DOLPHIN AND BRADBURY
022 C000008      9561
022 D000008      6181
022 A000009 BEAR STEARNS
022 C000009         0
022 D000009     13298
022 A000010 PRUDENTIAL SECURITIES
022 C000010         0
022 D000010     12495
023 C000000     175726
023 D000000     192528
024  000000 N
027  000000 Y
028 A010000      3873
028 A020000      2615
028 A030000         0
028 A040000     11328
028 B010000      4526
028 B020000      2492
028 B030000         0
028 B040000     12910
028 C010000      3740
028 C020000      2569
028 C030000         0
028 C040000     10308
028 D010000      3363
028 D020000      2397
028 D030000         0
028 D040000      9021
028 E010000      4684
028 E020000      2462
028 E030000         0
028 E040000      9542
028 F010000      2635
028 F020000      2463
028 F030000         0
028 F040000      9962
028 G010000     22821
028 G020000     14997
028 G030000         0
028 G040000     63071
028 H000000     19767
029  000000 Y
030 A000000    459
<PAGE>      PAGE  3
030 B000000  3.75
030 C000000  0.00
031 A000000     75
031 B000000      0
032  000000    384
033  000000      0
062 A000000 Y
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.5
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000  98.9
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
063 B000000 21.0
071 A000000    130500
071 B000000    159168
071 C000000    957808
071 D000000   14
072 A000000  6
072 B000000    30609
072 C000000        0
072 D000000        0
072 E000000        0
072 F000000     2808
072 G000000        0
072 H000000      244
072 I000000      307
072 J000000      -10
072 K000000       31
072 L000000       49
072 M000000       12
072 N000000       10
072 O000000        0
072 P000000        0
072 Q000000        0
072 R000000        8
072 S000000       26
072 T000000     1121
072 U000000        0
<PAGE>      PAGE  4
072 V000000        0
072 W000000       40
072 X000000     4646
072 Y000000        0
072 Z000000    25963
072AA000000     2270
072BB000000     4026
072CC010000     5886
072CC020000        0
072DD010000    25150
072DD020000      813
072EE000000        0
073 A010000   0.0000
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
074 A000000      902
074 B000000        0
074 C000000     5100
074 D000000   955653
074 E000000        0
074 F000000        0
074 G000000        0
074 H000000        0
074 I000000        0
074 J000000        0
074 K000000       30
074 L000000    15945
074 M000000       34
074 N000000   977664
074 O000000     9005
074 P000000      804
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000     1893
074 S000000        0
074 T000000   965962
074 U010000   112202
074 U020000     4543
074 V010000     8.27
074 V020000     0.00
074 W000000   0.0000
074 X000000    21705
074 Y000000        0
075 A000000        0
075 B000000   968409
076  000000     0.00
077 A000000 Y
077 Q010000 Y
<PAGE>      PAGE  5
SIGNATURE   ROSEMARY E. MILNER                           
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000201670
<NAME> DMC TAX-FREE INCOME TRUST-PENNSYLVANIA
<SERIES>
   <NUMBER> 001
   <NAME> TAX-FREE PENNSYLVANIA FUND A CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          FEB-28-1997
<PERIOD-END>                               AUG-31-1997
<INVESTMENTS-AT-COST>                      914,413,919
<INVESTMENTS-AT-VALUE>                     960,752,597
<RECEIVABLES>                               15,974,819
<ASSETS-OTHER>                                  33,620
<OTHER-ITEMS-ASSETS>                           901,971
<TOTAL-ASSETS>                             977,663,007
<PAYABLE-FOR-SECURITIES>                     8,973,794
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,727,655
<TOTAL-LIABILITIES>                         11,701,440
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   919,960,744
<SHARES-COMMON-STOCK>                      112,202,830
<SHARES-COMMON-PRIOR>                      115,841,642
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (337,855)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    46,338,678
<NET-ASSETS>                               928,328,119
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           30,608,821
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               4,646,043
<NET-INVESTMENT-INCOME>                     25,962,778
<REALIZED-GAINS-CURRENT>                   (1,756,108)
<APPREC-INCREASE-CURRENT>                    5,885,951
<NET-CHANGE-FROM-OPS>                       30,092,621
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   25,149,750
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,038,951
<NUMBER-OF-SHARES-REDEEMED>                  7,443,177
<SHARES-REINVESTED>                          1,765,413
<NET-CHANGE-IN-ASSETS>                    (21,121,819)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    1,418,253
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,807,585
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,646,043
<AVERAGE-NET-ASSETS>                       932,792,988
<PER-SHARE-NAV-BEGIN>                            8.240
<PER-SHARE-NII>                                  0.221
<PER-SHARE-GAIN-APPREC>                          0.030
<PER-SHARE-DIVIDEND>                             0.221
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              8.270
<EXPENSE-RATIO>                                   0.92
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000201670
<NAME> DMC TAX-FREE INCOME TRUST-PENNSYLVANIA
<SERIES>
   <NUMBER> 002
   <NAME> TAX-FREE PENNSYLVANIA FUND B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          FEB-28-1997
<PERIOD-END>                               AUG-31-1997
<INVESTMENTS-AT-COST>                      914,413,919
<INVESTMENTS-AT-VALUE>                     960,752,597
<RECEIVABLES>                               15,974,819
<ASSETS-OTHER>                                  33,620
<OTHER-ITEMS-ASSETS>                           901,971
<TOTAL-ASSETS>                             977,663,007
<PAYABLE-FOR-SECURITIES>                     8,973,794
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,727,655
<TOTAL-LIABILITIES>                         11,701,440
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   919,960,744
<SHARES-COMMON-STOCK>                        4,291,894
<SHARES-COMMON-PRIOR>                        3,841,446
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (337,855)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    46,338,678
<NET-ASSETS>                                35,509,673
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           30,608,821
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               4,646,043
<NET-INVESTMENT-INCOME>                     25,962,778
<REALIZED-GAINS-CURRENT>                   (1,756,108)
<APPREC-INCREASE-CURRENT>                    5,885,951
<NET-CHANGE-FROM-OPS>                       30,092,621
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      777,304
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        599,287
<NUMBER-OF-SHARES-REDEEMED>                    206,846
<SHARES-REINVESTED>                             58,007 
<NET-CHANGE-IN-ASSETS>                    (21,121,819)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    1,418,253
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,807,585
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,646,043
<AVERAGE-NET-ASSETS>                        34,042,873
<PER-SHARE-NAV-BEGIN>                            8.240
<PER-SHARE-NII>                                  0.194
<PER-SHARE-GAIN-APPREC>                          0.030
<PER-SHARE-DIVIDEND>                             0.194
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              8.270
<EXPENSE-RATIO>                                  1.720 
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000201670
<NAME> DMC TAX-FREE INCOME TRUST-PENNSYLVANIA
<SERIES>
   <NUMBER> 003
   <NAME> TAX-FREE PENNSYLVANIA FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          FEB-28-1997
<PERIOD-END>                               AUG-31-1997
<INVESTMENTS-AT-COST>                      914,413,919
<INVESTMENTS-AT-VALUE>                     960,752,597
<RECEIVABLES>                               15,974,819
<ASSETS-OTHER>                                  33,620
<OTHER-ITEMS-ASSETS>                           901,971
<TOTAL-ASSETS>                             977,663,007
<PAYABLE-FOR-SECURITIES>                     8,973,794
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,727,655
<TOTAL-LIABILITIES>                         11,701,440
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   919,960,744
<SHARES-COMMON-STOCK>                          250,691
<SHARES-COMMON-PRIOR>                          143,430
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (337,855)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    46,338,678
<NET-ASSETS>                                 2,074,132
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           30,608,821
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               4,646,043
<NET-INVESTMENT-INCOME>                     25,962,778
<REALIZED-GAINS-CURRENT>                   (1,756,108)
<APPREC-INCREASE-CURRENT>                    5,885,951
<NET-CHANGE-FROM-OPS>                       30,092,621
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       35,723
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        145,344
<NUMBER-OF-SHARES-REDEEMED>                     42,039
<SHARES-REINVESTED>                              3,957  
<NET-CHANGE-IN-ASSETS>                    (21,121,819)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    1,418,253
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,807,585
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,646,043
<AVERAGE-NET-ASSETS>                         1,573,518
<PER-SHARE-NAV-BEGIN>                            8.240
<PER-SHARE-NII>                                  0.194
<PER-SHARE-GAIN-APPREC>                          0.030
<PER-SHARE-DIVIDEND>                             0.194
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              8.270
<EXPENSE-RATIO>                                  1.720 
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission