<PAGE> PAGE 1
000 A000000 06/30/98
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
007 C010100 1
007 C020100 SCUDDER MANAGED MUNICIPAL BONDS
007 C030100 N
007 C010200 2
007 C020200 SCUDDER HIGH YIELD TAX FREE FUND
007 C030200 N
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 A00AA01 SCUDDER KEMPER INVESTMENTS
008 B00AA01 A
008 C00AA01 801-252
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02110
010 A00AA01 SCUDDER FUND ACCOUNTING CORP.
010 B00AA01 8-298
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02110
010 C04AA01 4103
011 A00AA01 SCUDDER INVESTOR SERVICES, INC.
011 B00AA01 8-298
<PAGE> PAGE 2
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02110
011 C04AA01 4103
012 A00AA01 SCUDDER SERVICE CORPORATION
012 B00AA01 84-1489
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02107
012 C04AA01 2291
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 SCUDDER INVESTOR SERVICES, INC.
014 B00AA01 8-298
014 A00AA02 GRUNTAL & CO., INC.
014 B00AA02 8-31022
014 A00AA03 GMS GROUP LLC (A GRUNTAL AFFILIATE)
014 B00AA03 8-23936
014 A00AA04 ZURICH CAPITAL MARKETS
014 B00AA04 8-49827
014 A00AA05 BANK HANDLOWY
014 B00AA05 8-24613
014 A00AA06 KEMPER DISTRIBUTORS, INC.
014 B00AA06 8-47765
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 65
019 C00AA00 SCUDDERKEM
020 A000001 MERRILL LYNCH
020 B000001 13-5674085
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 12
022 A000001 MERRILL LYNCH
022 B000001 13-5674085
022 C000001 60746
022 D000001 56646
022 A000002 LEHMAN BROTHERS SECURITIES
022 B000002 13-2518466
022 C000002 32540
022 D000002 32833
<PAGE> PAGE 3
022 A000003 SMITH BARNEY SHEARSON
022 B000003 13-1912900
022 C000003 33729
022 D000003 24625
022 A000004 MORGAN STANLEY & CO
022 B000004 13-2655998
022 C000004 10518
022 D000004 13567
022 A000005 J.P. MORGAN SECURITIES
022 B000005 13-3224016
022 C000005 13510
022 D000005 8400
022 A000006 PAINE WEBBER
022 B000006 13-2638166
022 C000006 5100
022 D000006 11700
022 A000007 GOLDMAN, SACHS & CO
022 B000007 13-5108880
022 C000007 10533
022 D000007 3736
022 A000008 BEAR, STEARNS & CO
022 B000008 13-3299429
022 C000008 8973
022 D000008 2700
022 A000009 SEATTLE NORTHWEST
022 C000009 6578
022 D000009 1198
022 A000010 WR HOUGH
022 C000010 3980
022 D000010 3500
023 C000000 186207
023 D000000 158905
026 A000000 N
026 B000000 Y
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026 F000000 N
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026 G020000 N
026 H000000 N
077 A000000 Y
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077 Q020000 N
077 Q030000 Y
078 000000 N
028 A010100 10373
028 A020100 1582
028 A030100 0
028 A040100 7861
028 B010100 7125
<PAGE> PAGE 4
028 B020100 1427
028 B030100 0
028 B040100 8337
028 C010100 6800
028 C020100 1936
028 C030100 0
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028 D010100 7058
028 D020100 1551
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028 D040100 8262
028 E010100 6088
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028 F020100 1547
028 F030100 0
028 F040100 9106
028 G010100 43947
028 G020100 9644
028 G030100 0
028 G040100 47443
028 H000100 0
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 Y
053 B000100 Y
054 A000100 Y
054 B000100 Y
054 C000100 N
054 D000100 N
054 E000100 N
054 F000100 N
054 G000100 N
054 H000100 Y
054 I000100 N
054 J000100 Y
054 K000100 N
054 L000100 N
054 M000100 Y
054 N000100 N
054 O000100 Y
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 1.3
<PAGE> PAGE 5
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
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062 L000100 0.0
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062 O000100 98.7
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 9.4
064 A000100 N
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 N
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 N
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
<PAGE> PAGE 6
070 R020100 N
071 A000100 70259
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<PAGE> PAGE 7
074 J000100 0
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028 A010200 18921
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<PAGE> PAGE 8
028 G040200 47088
028 H000200 0
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
054 A000200 Y
054 B000200 Y
054 C000200 N
054 D000200 N
054 E000200 N
054 F000200 N
054 G000200 N
054 H000200 Y
054 I000200 N
054 J000200 Y
054 K000200 N
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054 N000200 N
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062 B000200 0.0
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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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 Fund Semiannual report for the period ended 6/30/98 and
is qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> Managed Municipal Bonds
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 658,492,861
<INVESTMENTS-AT-VALUE> 730,899,024
<RECEIVABLES> 11,656,028
<ASSETS-OTHER> 115,428
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 742,670,480
<PAYABLE-FOR-SECURITIES> 7,796,798
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,154,198
<TOTAL-LIABILITIES> 9,950,996
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 665,655,699
<SHARES-COMMON-STOCK> 80,459,907
<SHARES-COMMON-PRIOR> 79,790,697
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,342,378)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 72,406,163
<NET-ASSETS> 732,719,484
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 20,465,377
<OTHER-INCOME> 0
<EXPENSES-NET> 2,285,932
<NET-INVESTMENT-INCOME> 18,179,445
<REALIZED-GAINS-CURRENT> 600,927
<APPREC-INCREASE-CURRENT> (1,936,690)
<NET-CHANGE-FROM-OPS> 16,843,682
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (18,179,445)
<DISTRIBUTIONS-OF-GAINS> (400,769)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,813,245
<NUMBER-OF-SHARES-REDEEMED> (5,202,982)
<SHARES-REINVESTED> 1,058,947
<NET-CHANGE-IN-ASSETS> 4,411,479
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (5,542,536)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,860,101
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,285,932
<AVERAGE-NET-ASSETS> 731,796,468
<PER-SHARE-NAV-BEGIN> 9.13
<PER-SHARE-NII> 0.23
<PER-SHARE-GAIN-APPREC> (0.01)
<PER-SHARE-DIVIDEND> (0.23)
<PER-SHARE-DISTRIBUTIONS> (0.01)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.11
<EXPENSE-RATIO> 0.63
<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 six months ended 6/30/98 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-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 337,166,314
<INVESTMENTS-AT-VALUE> 372,318,459
<RECEIVABLES> 6,620,323
<ASSETS-OTHER> 642,356
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 379,581,138
<PAYABLE-FOR-SECURITIES> 1,594,295
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 838,854
<TOTAL-LIABILITIES> 2,433,149
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 349,186,947
<SHARES-COMMON-STOCK> 29,494,342
<SHARES-COMMON-PRIOR> 26,338,299
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (7,191,103)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 35,152,145
<NET-ASSETS> 377,147,989
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10,662,979
<OTHER-INCOME> 0
<EXPENSES-NET> 1,534,484
<NET-INVESTMENT-INCOME> 9,128,495
<REALIZED-GAINS-CURRENT> (268,578)
<APPREC-INCREASE-CURRENT> 304,953
<NET-CHANGE-FROM-OPS> 9,164,870
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9,128,495)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,367,095
<NUMBER-OF-SHARES-REDEEMED> (3,683,405)
<SHARES-REINVESTED> 472,353
<NET-CHANGE-IN-ASSETS> 40,457,255
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (6,922,525)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,144,024
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,534,484
<AVERAGE-NET-ASSETS> 359,501,608
<PER-SHARE-NAV-BEGIN> 12.78
<PER-SHARE-NII> 0.32
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.32)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.79
<EXPENSE-RATIO> 0.86
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
