TAX FREE INVESTMENTS CO
NSAR-B, 1996-05-28
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<PAGE>      PAGE  1
000 B000000 03/31/96
000 C000000 205010
000 D000000 N
000 E000000 NF
000 F000000 Y
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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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011 A00AA01 FUND MANAGEMENT COMPANY
011 B00AA01 8-41848
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011 C03AA01 77046
012 A00AA01 AIM INSTITUTIONAL FUND SERVICES, INC.
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<PAGE>      PAGE  2
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013 A00AA01 KPMG PEAT MARWICK LLP
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015 A00AA01 STATE STREET BANK & TRUST CO.
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022 C000001   1146937
022 D000001    737408
022 A000002 MORGAN (J.P.)SECURITIES, INC.
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022 A000003 BT SECURITIES CORPORATION
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022 C000003    512596
022 D000003    485505
022 A000004 PAINEWEBBER, INC.
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022 A000005 MORGAN STANLEY & CO. INC.
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022 A000009 DILLON, READ & CO. INC.
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<PAGE>      PAGE  3
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SIGNATURE   JOHN J. ARTHUR                               
TITLE       SR. V.P. & TREASURER
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information for the Institutional
Class of the Cash Reserve Portfolio of Tax-Free Investments Co. for the
year ended March 31, 1996 annual report.
</LEGEND>
<CIK> 0000205010
<NAME> TAX-FREE INVESTMENTS CO.
<SERIES>
   <NUMBER> 2
   <NAME> INSTITUTIONAL CLASS OF THE CASH RESERVE PORTFOLIO
       
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<FN>
</FN>
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information for the Private Invesment
Class of the Cash Reserve Portfolio of Tax-Free Investments Co. for the year
ended March 31, 1996 annual report.
</LEGEND>
<CIK> 0000205010
<NAME> TAX-FREE INVESTMENTS CO.
<SERIES>
   <NUMBER> 5
   <NAME> PRIVATE INVESTMENT CLASS OF THE CASH RESERVE PORTFOLIO
       
<S>                             <C>
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<FN>
</FN>
        


</TABLE>


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