<PAGE> PAGE 1
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000 C000000 205010
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000 E000000 NF
000 F000000 Y
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000 J000000 U
001 A000000 TAX-FREE INVESTMENTS CO.
001 B000000 811-2731
001 C000000 7136261919
002 A000000 11 GREENWAY PLAZA, SUITE 1919
002 B000000 HOUSTON
002 C000000 TX
002 D010000 77046
003 000000 N
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007 A000000 Y
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007 C020100 FLAG INVESTORS TAX-FREE CASH RESERVE SHARES
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007 C020200 INSTITUTIONAL CASH RESERVE SHARES
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007 C020300 INSTITUTIONAL INTERMEDIATE SHARES
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007 C020400 AIM TAX-FREE INTERMEDIATE SHARES
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070 A01AA00 Y
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070 D01AA00 N
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070 E01AA00 N
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070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
<PAGE> PAGE 2
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 N
070 L01AA00 N
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 N
070 N02AA00 N
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070 P01AA00 Y
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070 R01AA00 N
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SIGNATURE JOHN J. ARTHUR
TITLE V.P. & TREASURER
