<PAGE> PAGE 1
000 B000000 03/31/95
000 C000000 205010
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
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
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C010200 2
007 C020200 INSTITUTIONAL CASH RESERVE SHARES
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C020500 PRIVATE INVESTMENT CLASS-CASH RESERVE PORT.
007 C030500 N
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 AIM ADVISORS INC.
008 B00AA01 A
008 C00AA01 801-12313
008 D01AA01 HOUSTON
008 D02AA01 TX
008 D03AA01 77046
011 A00AA01 FUND MANAGEMENT COMPANY
011 B00AA01 8-41848
011 C01AA01 HOUSTON
011 C02AA01 TX
011 C03AA01 77046
012 A00AA01 AIM INSTITUTIONAL FUND SERVICES, INC.
012 B00AA01 84-5541
012 C01AA01 HOUSTON
012 C02AA01 TX
<PAGE> PAGE 2
012 C03AA01 77046
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 HOUSTON
013 B02AA01 TX
013 B03AA01 77002
015 A00AA01 STATE STREET BANK & TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 37
019 C00AA00 AIMFUNDSAA
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001 1178087
022 D000001 612687
022 A000002 CITICORP SECURITIES MARKETS, INC.
022 B000002 13-2771536
022 C000002 924223
022 D000002 537527
022 A000003 MORGAN (J.P) SECURITIES, INC.
022 B000003 13-3224016
022 C000003 781423
022 D000003 634485
022 A000004 PAINEWEBBER, INC.
022 B000004 13-2638166
022 C000004 665991
022 D000004 646449
022 A000005 MORGAN STANLEY & CO. INC.
022 B000005 13-2655998
022 C000005 514972
022 D000005 452875
022 A000006 DILLON, READ & CO. INC.
022 B000006 13-1939216
022 C000006 457262
022 D000006 360665
022 A000007 SMITH BARNEY, HARRIS, UPHAM & CO. INC.
022 B000007 13-1912900
022 C000007 471834
022 D000007 338492
022 A000008 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000008 13-5674085
022 C000008 455217
022 D000008 232669
022 A000009 PRUDENTIAL SECURITIES, INC.
022 B000009 22-2347336
022 C000009 347336
022 D000009 327164
<PAGE> PAGE 3
022 A000010 FIRST BOSTON CORPORATION (THE)
022 B000010 13-5659485
022 C000010 399502
022 D000010 264992
023 C000000 7426148
023 D000000 5419498
024 00AA00 N
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 N
<PAGE> PAGE 4
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
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
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 Y
070 P02AA00 Y
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
077 A000000 Y
077 B000000 Y
077 Q010000 Y
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00 30000
081 A00AA00 Y
081 B00AA00 68
082 A00AA00 Y
082 B00AA00 100
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 N
085 B00AA00 N
028 A010200 447992
028 A020200 1
028 A030200 0
<PAGE> PAGE 5
028 A040200 443235
028 B010200 336592
028 B020200 1
028 B030200 0
028 B040200 339553
028 C010200 521138
028 C020200 5
028 C030200 0
028 C040200 561208
028 D010200 541277
028 D020200 5
028 D030200 0
028 D040200 491693
028 E010200 310616
028 E020200 2
028 E030200 0
028 E040200 337635
028 F010200 354177
028 F020200 4
028 F030200 0
028 F040200 376651
028 G010200 2511792
028 G020200 18
028 G030200 0
028 G040200 2549975
028 H000200 0
034 000200 N
035 000200 0
036 B000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 N
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 500000
048 A020200 0.250
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
<PAGE> PAGE 6
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 500000
048 K020200 0.200
055 A000200 Y
055 B000200 N
056 000200 N
057 000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 1000000
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 101.8
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 20
063 B000200 0.0
064 A000200 Y
064 B000200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 12
072 B000200 35037
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 1784
072 G000200 0
072 H000200 0
<PAGE> PAGE 7
072 I000200 30
072 J000200 158
072 K000200 0
072 L000200 22
072 M000200 14
072 N000200 19
072 O000200 0
072 P000200 0
072 Q000200 76
072 R000200 25
072 S000200 27
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 49
072 X000200 2204
072 Y000200 0
072 Z000200 32833
072AA000200 98
072BB000200 520
072CC010200 32
072CC020200 0
072DD010200 32833
072DD020200 0
072EE000200 0
073 A010200 0.0302
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 96
074 B000200 0
074 C000200 1028128
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 5417
074 K000200 0
074 L000200 8413
074 M000200 79
074 N000200 1042133
074 O000200 28722
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 3520
074 S000200 0
<PAGE> PAGE 8
074 T000200 1009891
074 U010200 1010229
074 U020200 0
074 V010200 1.00
074 V020200 0.00
074 W000200 0.9995
074 X000200 70
074 Y000200 0
075 A000200 1092308
075 B000200 0
076 000200 0.00
028 A010500 22961
028 A020500 45
028 A030500 0
028 A040500 16878
028 B010500 18087
028 B020500 66
028 B030500 0
028 B040500 16398
028 C010500 17273
028 C020500 82
028 C030500 0
028 C040500 19599
028 D010500 15903
028 D020500 94
028 D030500 0
028 D040500 19555
028 E010500 13795
028 E020500 73
028 E030500 0
028 E040500 11882
028 F010500 16471
028 F020500 74
028 F030500 0
028 F040500 17371
028 G010500 104490
028 G020500 434
028 G030500 0
028 G040500 101683
028 H000500 0
034 000500 N
035 000500 0
036 B000500 0
037 000500 N
038 000500 0
039 000500 N
040 000500 Y
041 000500 Y
042 A000500 0
042 B000500 0
042 C000500 100
<PAGE> PAGE 9
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 60
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.000
048 A010500 500000
048 A020500 0.250
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 500000
048 K020500 0.200
055 A000500 Y
055 B000500 N
056 000500 N
057 000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 10000
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 101.8
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
<PAGE> PAGE 10
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 20
063 B000500 0.0
064 A000500 Y
064 B000500 N
071 A000500 0
071 B000500 0
071 C000500 0
071 D000500 0
072 A000500 12
072 B000500 825
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 41
072 G000500 0
072 H000500 0
072 I000500 2
072 J000500 7
072 K000500 0
072 L000500 43
072 M000500 0
072 N000500 47
072 O000500 0
072 P000500 0
072 Q000500 2
072 R000500 1
072 S000500 1
072 T000500 60
072 U000500 0
072 V000500 8
072 W000500 0
072 X000500 212
072 Y000500 100
072 Z000500 713
072AA000500 2
072BB000500 11
072CC010500 1
072CC020500 0
072DD010500 713
072DD020500 0
072EE000500 0
073 A010500 0.0277
<PAGE> PAGE 11
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 3
074 B000500 0
074 C000500 29835
074 D000500 0
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 157
074 K000500 0
074 L000500 225
074 M000500 2
074 N000500 30222
074 O000500 833
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 103
074 S000500 0
074 T000500 29286
074 U010500 29296
074 U020500 0
074 V010500 1.00
074 V020500 0.00
074 W000500 0.9995
074 X000500 8
074 Y000500 0
075 A000500 24686
075 B000500 0
076 000500 0.00
SIGNATURE JOHN J. ARTHUR
TITLE SR. V.P. & TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information for the Institutional
Shares of Cash Reserve Portfolio of Tax-Free Investments Co. for the year
end March 31, 1995 annual report.
</LEGEND>
<RESTATED>
<CIK> 0000205010
<NAME> TAX-FREE INVESTMENTS CO.
<SERIES>
<NUMBER> 2
<NAME> TAX-FREE CASH RESERVE INSTITUTIONAL CLASS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1995
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 1,057,962,784
<INVESTMENTS-AT-VALUE> 1,057,962,784
<RECEIVABLES> 14,212,257
<ASSETS-OTHER> 180,022
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,072,355,063
<PAYABLE-FOR-SECURITIES> 29,555,313
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,622,512
<TOTAL-LIABILITIES> 33,187,976
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,039,524,933
<SHARES-COMMON-STOCK> 1,039,524,933
<SHARES-COMMON-PRIOR> 1,057,145,871
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (384,049)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 36,354
<NET-ASSETS> 1,039,177,238
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 35,862,176
<OTHER-INCOME> 0
<EXPENSES-NET> 2,316,075
<NET-INVESTMENT-INCOME> 33,546,101
<REALIZED-GAINS-CURRENT> (430,985)
<APPREC-INCREASE-CURRENT> 33,165
<NET-CHANGE-FROM-OPS> 33,148,281
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (33,546,101)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,371,017,949
<NUMBER-OF-SHARES-REDEEMED> 5,389,314,049
<SHARES-REINVESTED> 675,162
<NET-CHANGE-IN-ASSETS> (18,018,758)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 46,936
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,483,986
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,075,608
<AVERAGE-NET-ASSETS> 1,092,308,224
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.20
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information for the Private
Investment Class of the Cash Reserve Portfolio of Tax-Free Investments Co.
for the year ended March 31, 1995 annual report.
</LEGEND>
<RESTATED>
<CIK> 0000205010
<NAME> TAX-FREE INVESTMENTS CO.
<SERIES>
<NUMBER> 5
<NAME> PRIVATE INVESTMENT CLASS OF THE CASH RESERVE PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1995
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 1,057,962,784
<INVESTMENTS-AT-VALUE> 1,057,962,784
<RECEIVABLES> 14,212,257
<ASSETS-OTHER> 180,022
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,072,355,063
<PAYABLE-FOR-SECURITIES> 29,555,313
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,622,512
<TOTAL-LIABILITIES> 33,187,976
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,039,524,933
<SHARES-COMMON-STOCK> 1,039,524,933
<SHARES-COMMON-PRIOR> 1,057,145,871
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (384,049)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 36,354
<NET-ASSETS> 1,039,177,238
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 35,862,176
<OTHER-INCOME> 0
<EXPENSES-NET> 2,316,075
<NET-INVESTMENT-INCOME> 33,546,101
<REALIZED-GAINS-CURRENT> (430,985)
<APPREC-INCREASE-CURRENT> 33,165
<NET-CHANGE-FROM-OPS> 33,148,281
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (33,546,101)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,371,017,949
<NUMBER-OF-SHARES-REDEEMED> 5,389,314,049
<SHARES-REINVESTED> 675,162
<NET-CHANGE-IN-ASSETS> (18,018,758)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 46,936
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,483,986
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,075,608
<AVERAGE-NET-ASSETS> 24,685,681
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
