<PAGE> PAGE 1
000 B000000 03/31/96
000 C000000 0000030125
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 1838 BOND-DEBENTURE TRADING FUND
001 B000000 811-2201
001 C000000 6102934300
002 A000000 5 RADNOR CORP.CTR., #320, 100 MATSONFORD
002 B000000 RADNOR
002 C000000 PA
002 D010000 19087
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007 C020100 1838 BOND-DEBENTURE TRADING FUND
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008 B000001 A
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008 D020001 PA
008 D030001 19087
010 A000001 RODNEY SQUARE MANAGEMENT CORPORATION
010 B000001 801-22071
010 C010001 WILMINGTON
010 C020001 DE
010 C030001 19890
010 C040001 0001
012 A000001 FIRST CHICAGO TRUST COMPANY OF NEW YORK
012 B000001 85-xxxx
012 C010001 JERSEY CITY
012 C020001 NJ
012 C030001 07303
<PAGE> PAGE 2
012 C040001 2500
013 A000001 COOPERS & LYBRAND LLP
013 B010001 PHILADELPHIA
013 B020001 PA
013 B030001 19103
015 A000001 THE FIRST NATIONAL BANK OF CHICAGO
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10005
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022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000001 13-5674085
022 C000001 12677
022 D000001 4122
022 A000002 LEHMAN BROTHERS, INC.
022 B000002 13-2518466
022 C000002 6704
022 D000002 500
022 A000003 DONALDSON, LUFKIN & JENRETTE SEC. CORP.
022 B000003 13-2741729
022 C000003 1925
022 D000003 4973
022 A000004 PAINEWEBBER, INC.
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022 C000004 1354
022 D000004 2914
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022 C000005 2843
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022 A000006 CITICORP SECURITIES CO. INC.
022 C000006 1737
022 D000006 1787
022 A000007 PRUDENTIAL SECURITIES INC.
022 B000007 22-2347336
<PAGE> PAGE 3
022 C000007 1259
022 D000007 1092
022 A000008 BEAR, STEARNS & CO. INC.
022 B000008 13-3299429
022 C000008 785
022 D000008 1314
022 A000009 CS FIRST BOSTON CORPORATION
022 B000009 13-5659485
022 C000009 2069
022 D000009 0
022 A000010 GENERAL ELECTRIC CAPITAL CORP.
022 C000010 1744
022 D000010 0
023 C000000 37596
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<PAGE> PAGE 4
028 E020000 0
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<PAGE> PAGE 5
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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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SIGNATURE ANNA M. BENCROWSKY
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
1838 BOND-DEBENTURE TRADING FUND'S ANNUAL REPORT DATED MARCH 31, 1996 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO THE ANNUAL REPORT DATED MARCH
31, 1996.
</LEGEND>
<CIK> 0000030125
<NAME> 1838 BOND-DEBENTURE TRADING FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-START> APR-1-1995
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 74466
<INVESTMENTS-AT-VALUE> 75949
<RECEIVABLES> 1675
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</TABLE>
