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SIGNATURE DANA R. SUTTON
TITLE VP & TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the Tax-Free
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<CIK> 0000205010
<NAME> TAX-FREE INVESTMENTS CO.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the Tax-Free
Cash Reserve Portfolio Private Shares March 31, 1999 annual report.
</LEGEND>
<CIK> 0000205010
<NAME> TAX-FREE INVESTMENTS CO.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the Tax-Free
Cash Reserve Portfolio Cash Management Shares March 31, 1999 annual report.
</LEGEND>
<CIK> 0000205010
<NAME> TAX-FREE INVESTMENTS CO.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the Tax-Free
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</LEGEND>
<CIK> 0000205010
<NAME> TAX-FREE INVESTMENTS CO.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the Tax-Free
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</LEGEND>
<CIK> 0000205010
<NAME> TAX-FREE INVESTMENTS CO.
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<NUMBER> 2
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2455821
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3502440
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 0.00
<EXPENSE-RATIO> 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the Tax-Free
Cash Reserve Portfolio Personal Shares March 31, 1999 annual report.
</LEGEND>
<CIK> 0000205010
<NAME> TAX-FREE INVESTMENTS CO.
<SERIES>
<NUMBER> 2
<NAME> CASH RESERVE PORTFOLIO PERSONAL SHARES
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 1210968892
<INVESTMENTS-AT-VALUE> 1210968892
<RECEIVABLES> 19732132
<ASSETS-OTHER> 2134196
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1232835220
<PAYABLE-FOR-SECURITIES> 59383437
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3109899
<TOTAL-LIABILITIES> 62493336
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1170419113
<SHARES-COMMON-STOCK> 1170419113
<SHARES-COMMON-PRIOR> 977368743
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (77229)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1170341884
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 37106069
<OTHER-INCOME> 0
<EXPENSES-NET> (2477940)
<NET-INVESTMENT-INCOME> 34628129
<REALIZED-GAINS-CURRENT> 8745
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 34636874
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (34628129)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7851999937
<NUMBER-OF-SHARES-REDEEMED> (7663259104)
<SHARES-REINVESTED> 4226044
<NET-CHANGE-IN-ASSETS> 192975622
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (2481)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2455821
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3502440
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 0.00
<EXPENSE-RATIO> 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
