<PAGE> PAGE 1
000 A000000 06/30/95
000 C000000 203142
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 SCUDDER MUNICIPAL TRUST
001 B000000 811-2671
001 C000000 6172952567
002 A000000 TWO INTERNATIONAL PLACE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02110
002 D020000 4103
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
022 A000001 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001 48177
022 D000001 9345
022 A000002 LEHMAN BROS
022 B000002 13-2663822
022 C000002 17964
022 D000002 36714
022 A000003 JP MORGAN SEC
022 B000003 13-3224016
022 C000003 32037
022 D000003 15102
022 A000004 MORGAN STANLEY
022 B000004 13-2655998
022 C000004 9597
022 D000004 13346
022 A000005 BANK OF NEW YORK
022 B000005 13-4941102
022 C000005 0
022 D000005 18400
022 A000006 CHEMICAL SECURITIES
022 C000006 4600
022 D000006 8300
022 A000007 DONALD LUFKIN
022 B000007 13-2741729
022 C000007 6000
022 D000007 4600
022 A000008 MERRILL LYNCH
<PAGE> PAGE 2
022 B000008 13-5674085
022 C000008 12242
022 D000008 -2430
022 A000009 ADVEST INC
022 C000009 4371
022 D000009 4568
022 A000010 US TRUST
022 C000010 3632
022 D000010 3599
023 C000000 149527
023 D000000 131823
074 T000000 0
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
028 A010100 9169
028 A020100 1662
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028 B020100 1600
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<PAGE> PAGE 3
028 F040100 12999
028 G010100 39648
028 G020100 11046
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062 A000100 Y
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062 H000100 0.0
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062 O000100 96.6
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 11.1
064 A000100 Y
064 B000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 Y
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 Y
070 I020100 Y
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 N
<PAGE> PAGE 4
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 65476
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<PAGE> PAGE 5
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
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074 C000100 25150
074 D000100 706003
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028 A010200 6784
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<PAGE> PAGE 6
028 D040200 -7227
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<PAGE> PAGE 7
070 H020200 N
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<PAGE> PAGE 8
072AA000200 0
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SIGNATURE THOMAS F. MCDONOUGH
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Managed Municipal Bonds Semiannual Report for the six month period ended June
30, 1995 and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> Scudder Managed Municipal Bonds
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 702,722,626
<INVESTMENTS-AT-VALUE> 731,152,596
<RECEIVABLES> 13,719,969
<ASSETS-OTHER> 10,130
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<PAYABLE-FOR-SECURITIES> 2,196,609
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<OTHER-ITEMS-LIABILITIES> 2,243,484
<TOTAL-LIABILITIES> 2,243,484
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 723,915,990
<SHARES-COMMON-STOCK> 87,154,910
<SHARES-COMMON-PRIOR> 87,839,034
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 9,771,374
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28,494,595
<NET-ASSETS> 742,639,211
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 24,470,952
<OTHER-INCOME> 0
<EXPENSES-NET> 2,356,397
<NET-INVESTMENT-INCOME> 22,114,555
<REALIZED-GAINS-CURRENT> (3,098,336)
<APPREC-INCREASE-CURRENT> 43,229,740
<NET-CHANGE-FROM-OPS> 62,245,959
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 22,114,555
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,720,540
<NUMBER-OF-SHARES-REDEEMED> 6,709,990
<SHARES-REINVESTED> 1,305,326
<NET-CHANGE-IN-ASSETS> 34,090,522
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (6,673,038)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,356,397
<AVERAGE-NET-ASSETS> 742,287,970
<PER-SHARE-NAV-BEGIN> 8.07
<PER-SHARE-NII> .25
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<PER-SHARE-NAV-END> 8.52
<EXPENSE-RATIO> .64
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from the Scudder High Yield Tax Free Fund
Semiannual Report for the fiscal period ended June 30,
1995 and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> Scudder High Yield Tax Free Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 273,160,912
<INVESTMENTS-AT-VALUE> 280,187,121
<RECEIVABLES> 5,059,577
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 812,574
<TOTAL-LIABILITIES> 812,574
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 283,178,666
<SHARES-COMMON-STOCK> 24,299,955
<SHARES-COMMON-PRIOR> 23,910,066
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,786,907)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,042,365
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<DIVIDEND-INCOME> 0
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<EXPENSES-NET> 1,101,518
<NET-INVESTMENT-INCOME> 8,027,169
<REALIZED-GAINS-CURRENT> (2,871,404)
<APPREC-INCREASE-CURRENT> 23,869,942
<NET-CHANGE-FROM-OPS> 29,025,707
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,996,465)
<DISTRIBUTIONS-OF-GAINS> 0
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<ACCUMULATED-NII-PRIOR> 969,296
<ACCUMULATED-GAINS-PRIOR> (2,915,503)
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<PER-SHARE-NAV-BEGIN> 10.86
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<PER-SHARE-DIVIDEND> (.37)
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</TABLE>
