LIBERTY MUNICIPAL SECURITIES FUND INC
NSAR-A, 1995-11-29
Previous: MFS SERIES TRUST V, NSAR-B, 1995-11-29
Next: KEMPER U S GOVERNMENT SECURITIES FUND, 24F-2NT, 1995-11-29



<PAGE>      PAGE  1
000 A000000 09/30/95
000 C000000 0000201801
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 LIBERTY MUNICIPAL SECURITIES FUND, INC.
001 B000000 811-2677
001 C000000 4122888127
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 FEDERATED ADVISERS
008 B000001 A
008 C000001 801-34612
008 D010001 PITTSBURGH
008 D020001 PA
008 D030001 15222
008 D040001 3779
010 A000001 FEDERATED ADMINISTRATIVE SERVICES
010 C010001 PITTSBURGH
010 C020001 PA
010 C030001 15222
010 C040001 3779
011 A000001 FEDERATED SECURITIES CORP.
011 B000001 8-15561
011 C010001 PITTSBURGH
011 C020001 PA
011 C030001 15222
011 C040001 3779
<PAGE>      PAGE  2
012 A000001 FEDERATED SERVICES COMPANY
012 B000001 84-1869
012 C010001 BOSTON
012 C020001 MA
012 C030001 02266
012 C040001 8600
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 PITTSBURGH
013 B020001 PA
013 B030001 15222
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02266
015 C040001 8600
015 E010001 X
015 A000002 BANK OF NEW YORK
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10006
015 E010002 X
015 A000003 CHEMICAL BANK & TRUST CO.
015 B000003 S
015 C010003 NEW YORK
015 C020003 NY
015 C030003 10006
015 E010003 X
015 A000004 PNC BANK, NA
015 B000004 S
015 C010004 PITTSBURGH
015 C020004 PA
015 C030004 15265
015 E010004 X
015 A000005 MORGAN GUARANTY BANK & TRUST CO.
015 B000005 S
015 C010005 NEW YORK
015 C020005 NY
015 C030005 10015
015 E010005 X
015 A000006 BANKERS TRUST CO.
015 B000006 S
015 C010006 NEW YORK
015 C020006 NY
015 C030006 10015
015 E010006 X
015 A000007 NATIONSBANK OF NORTH CAROLINA
015 B000007 S
015 C010007 CHARLOTTE
015 C020007 NC
<PAGE>      PAGE  3
015 C030007 28255
015 E010007 X
015 A000008 NATIONSBANC CAPITAL MARKETS, INC.
015 B000008 S
015 C010008 RICHMOND
015 C020008 VA
015 C030008 23261
015 E010008 X
018  000000 Y
019 A000000 Y
019 B000000   17
019 C000000 LIBERTFMLY
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 FEDERATED TAX-FREE TRUST
022 B000001 25-1378666
022 C000001     83800
022 D000001    109000
022 A000002 J.P. MORGAN SECURITIES, INC.
022 B000002 13-3224016
022 C000002     14249
022 D000002     18900
022 A000003 TAX-FREE INSTRUMENTS TRUST
022 B000003 25-1408835
022 C000003     20000
022 D000003      6400
022 A000004 LIMITED TERM MUNICIPAL FUND
022 C000004      8600
022 D000004     11900
022 A000005 LEHMAN BROTHERS, INC.
022 B000005 13-2518466
022 C000005     14900
022 D000005         0
022 A000006 PRUDENTIAL SECURITIES CORP.
022 B000006 22-2347336
022 C000006      7235
022 D000006      7522
022 A000007 CHEMICAL BANK
022 B000007 13-4994650
022 C000007      6000
022 D000007      7928
022 A000008 CHEMICAL SECURITIES, INC.
<PAGE>      PAGE  4
022 C000008      6300
022 D000008      7538
022 A000009 FIRST ALBANY CORP.
022 B000009 14-1391446
022 C000009     11694
022 D000009      1908
022 A000010 INTERMEDIATE MUNICIPAL TRUST
022 C000010      4500
022 D000010      8500
023 C000000     193093
023 D000000     208730
024  000000 N
025 D000001       0
025 D000002       0
025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
025 D000007       0
025 D000008       0
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 N
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027  000000 Y
028 A010000      6336
028 A020000      2236
028 A030000         0
028 A040000     39232
028 B010000     40939
028 B020000      2256
028 B030000         0
028 B040000     10814
028 C010000     14837
028 C020000      2239
028 C030000         0
028 C040000     46057
028 D010000     35858
028 D020000      2273
028 D030000         0
028 D040000     36203
028 E010000     32908
028 E020000      2997
028 E030000         0
028 E040000      8859
028 F010000     19800
<PAGE>      PAGE  5
028 F020000         0
028 F030000         0
028 F040000     41641
028 G010000    150678
028 G020000     12001
028 G030000         0
028 G040000    182806
028 H000000    137486
029  000000 Y
030 A000000    157
030 B000000  4.50
030 C000000  0.00
031 A000000      0
031 B000000      0
032  000000    157
033  000000      0
034  000000 Y
035  000000     76
036 A000000 N
036 B000000      0
037  000000 N
038  000000      0
039  000000 N
040  000000 Y
041  000000 Y
042 A000000   0
042 B000000   0
042 C000000 100
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000    182
044  000000      0
045  000000 Y
046  000000 N
047  000000 N
048  000000  0.000
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
<PAGE>      PAGE  6
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000        0
048 K020000 0.000
049  000000 N
050  000000 Y
051  000000 N
052  000000 N
053 A000000 Y
053 B000000 Y
053 C000000 N
054 A000000 N
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 N
054 I000000 N
054 J000000 N
054 K000000 N
054 L000000 N
054 M000000 N
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056  000000 N
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
061  000000      500
062 A000000 Y
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.8
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
<PAGE>      PAGE  7
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000  97.7
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
063 B000000 24.4
064 A000000 Y
064 B000000 N
066 A000000 N
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 Y
070 Q010000 N
070 Q020000 N
<PAGE>      PAGE  8
070 R010000 N
070 R020000 N
071 A000000     32793
071 B000000     22855
071 C000000    710250
071 D000000    3
072 A000000  6
072 B000000    26276
072 C000000        0
072 D000000        0
072 E000000        0
072 F000000     2314
072 G000000      281
072 H000000        0
072 I000000      298
072 J000000       54
072 K000000        0
072 L000000       80
072 M000000        8
072 N000000       40
072 O000000       92
072 P000000        0
072 Q000000       71
072 R000000       10
072 S000000       18
072 T000000     1111
072 U000000        0
072 V000000        0
072 W000000       11
072 X000000     4388
072 Y000000      457
072 Z000000    22345
072AA000000       63
072BB000000      318
072CC010000     6412
072CC020000        0
072DD010000    21055
072DD020000     1290
072EE000000      969
073 A010000   0.0000
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
074 A000000        0
074 B000000        0
074 C000000     5900
074 D000000   717169
074 E000000        0
074 F000000        0
074 G000000        0
074 H000000        0
<PAGE>      PAGE  9
074 I000000        0
074 J000000        0
074 K000000        0
074 L000000    16570
074 M000000        0
074 N000000   739639
074 O000000        0
074 P000000        0
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000     5277
074 S000000        0
074 T000000   734362
074 U010000    61509
074 U020000     5273
074 V010000     0.00
074 V020000     0.00
074 W000000   0.0000
074 X000000    21472
074 Y000000        0
075 A000000        0
075 B000000   736733
076  000000     0.00
077 A000000 N
078  000000 N
SIGNATURE   S. ELLIOTT COHAN                             
TITLE       ASST.GEN. COUNSEL   
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   001                                            
     <NAME>                     Liberty Municipal Securities Fund, Inc.        
                                Class A                                        
                                                                               
<PERIOD-TYPE>                   6-Mos                                          
<FISCAL-YEAR-END>               Mar-31-1996                                    
<PERIOD-END>                    Sep-30-1995                                    
<INVESTMENTS-AT-COST>           689,703,113                                    
<INVESTMENTS-AT-VALUE>          723,069,155                                    
<RECEIVABLES>                   16,569,693                                     
<ASSETS-OTHER>                  0                                              
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  739,638,848                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       5,276,642                                      
<TOTAL-LIABILITIES>             5,276,642                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        701,664,055                                    
<SHARES-COMMON-STOCK>           61,508,915                                     
<SHARES-COMMON-PRIOR>           64,904,435                                     
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (667,891)                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        33,366,042                                     
<NET-ASSETS>                    676,381,808                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               26,275,588                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  3,930,646                                      
<NET-INVESTMENT-INCOME>         22,344,942                                     
<REALIZED-GAINS-CURRENT>        6,157,309                                      
<APPREC-INCREASE-CURRENT>       6,412,146                                      
<NET-CHANGE-FROM-OPS>           28,502,251                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       21,055,077                                     
<DISTRIBUTIONS-OF-GAINS>        894,439                                        
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         11,769,773                                     
<NUMBER-OF-SHARES-REDEEMED>     16,209,453                                     
<SHARES-REINVESTED>             1,044,160                                      
<NET-CHANGE-IN-ASSETS>          (14,939,762)                                   
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       556,412                                        
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,313,591                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 4,388,090                                      
<AVERAGE-NET-ASSETS>            736,733,339                                    
<PER-SHARE-NAV-BEGIN>           10.920                                         
<PER-SHARE-NII>                 0.330                                          
<PER-SHARE-GAIN-APPREC>         0.100                                          
<PER-SHARE-DIVIDEND>            0.330                                          
<PER-SHARE-DISTRIBUTIONS>       0.020                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             11.000                                         
<EXPENSE-RATIO>                 1.00                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   002                                            
     <NAME>                     Liberty Municipal Securities Fund, Inc.        
                                Class B                                        
                                                                               
<PERIOD-TYPE>                   6-Mos                                          
<FISCAL-YEAR-END>               Mar-31-1996                                    
<PERIOD-END>                    Sep-30-1995                                    
<INVESTMENTS-AT-COST>           689,703,113                                    
<INVESTMENTS-AT-VALUE>          723,069,155                                    
<RECEIVABLES>                   16,569,693                                     
<ASSETS-OTHER>                  0                                              
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  739,638,848                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       5,276,642                                      
<TOTAL-LIABILITIES>             5,276,642                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        701,664,055                                    
<SHARES-COMMON-STOCK>           3,162,993                                      
<SHARES-COMMON-PRIOR>           1,666,993                                      
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (667,891)                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        33,366,042                                     
<NET-ASSETS>                    34,782,059                                     
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               26,275,588                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  3,930,646                                      
<NET-INVESTMENT-INCOME>         22,344,942                                     
<REALIZED-GAINS-CURRENT>        6,157,309                                      
<APPREC-INCREASE-CURRENT>       6,412,146                                      
<NET-CHANGE-FROM-OPS>           28,502,251                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       699,231                                        
<DISTRIBUTIONS-OF-GAINS>        44,667                                         
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,628,323                                      
<NUMBER-OF-SHARES-REDEEMED>     161,137                                        
<SHARES-REINVESTED>             28,814                                         
<NET-CHANGE-IN-ASSETS>          (14,939,762)                                   
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       556,412                                        
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,313,591                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 4,388,090                                      
<AVERAGE-NET-ASSETS>            736,733,339                                    
<PER-SHARE-NAV-BEGIN>           10.920                                         
<PER-SHARE-NII>                 0.290                                          
<PER-SHARE-GAIN-APPREC>         0.100                                          
<PER-SHARE-DIVIDEND>            0.290                                          
<PER-SHARE-DISTRIBUTIONS>       0.020                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             11.000                                         
<EXPENSE-RATIO>                 1.89                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   003                                            
     <NAME>                     Liberty Municipal Securities Fund, Inc.        
                                Class C                                        
                                                                               
<PERIOD-TYPE>                   6-Mos                                          
<FISCAL-YEAR-END>               Mar-31-1996                                    
<PERIOD-END>                    Sep-30-1995                                    
<INVESTMENTS-AT-COST>           689,703,113                                    
<INVESTMENTS-AT-VALUE>          723,069,155                                    
<RECEIVABLES>                   16,569,693                                     
<ASSETS-OTHER>                  0                                              
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  739,638,848                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       5,276,642                                      
<TOTAL-LIABILITIES>             5,276,642                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        701,664,055                                    
<SHARES-COMMON-STOCK>           2,109,667                                      
<SHARES-COMMON-PRIOR>           2,050,571                                      
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (667,891)                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        33,366,042                                     
<NET-ASSETS>                    23,198,339                                     
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               26,275,588                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  3,930,646                                      
<NET-INVESTMENT-INCOME>         22,344,942                                     
<REALIZED-GAINS-CURRENT>        6,157,309                                      
<APPREC-INCREASE-CURRENT>       6,412,146                                      
<NET-CHANGE-FROM-OPS>           28,502,251                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       590,633                                        
<DISTRIBUTIONS-OF-GAINS>        30,361                                         
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         289,897                                        
<NUMBER-OF-SHARES-REDEEMED>     253,326                                        
<SHARES-REINVESTED>             22,525                                         
<NET-CHANGE-IN-ASSETS>          (14,939,762)                                   
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       556,412                                        
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,313,591                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 4,388,090                                      
<AVERAGE-NET-ASSETS>            736,733,339                                    
<PER-SHARE-NAV-BEGIN>           10.920                                         
<PER-SHARE-NII>                 0.290                                          
<PER-SHARE-GAIN-APPREC>         0.100                                          
<PER-SHARE-DIVIDEND>            0.290                                          
<PER-SHARE-DISTRIBUTIONS>       0.020                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             11.000                                         
<EXPENSE-RATIO>                 1.84                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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