VANGUARD MUNICIPAL BOND FUND INC
NSAR-A, 1995-04-25
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<PAGE>      PAGE  1
000 A000000 02/28/95
000 C000000 225997
000 D000000 N
000 E000000 NF
000 F000000 Y
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001 A000000 VANGUARD MUNICIPAL BOND FUND, INC.
001 B000000 811-2687
001 C000000 6106691000
002 A000000 100 VANGUARD BOULEVARD
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007 C010400  4
007 C020400 HIGH YIELD PORTFOLIO
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007 C020500 MONEY MARKET PORTFOLIO
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022 A000002 MERRILL LYNCH PIERCE FENNER & SMITH
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022 A000006 FIRST BOSTON CORP.
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<PAGE>      PAGE  3
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  19
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SIGNATURE   GARY P. SOURA                                
TITLE                           
 


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<TABLE> <S> <C>

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</TABLE>

<TABLE> <S> <C>

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<NAME> VANGUARD MUNICIPAL BOND FUND, INC.
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</TABLE>

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<NAME> VANGUARD MUNICIPAL BOND FUND, INC.
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</TABLE>

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<NAME> VANGUARD MUNICIPAL BOND FUND, INC.
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