<PAGE> PAGE 1
000 B000000 12/31/95
000 C000000 030158
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 DREYFUS LIQUID ASSETS, INC.
001 B000000 811-2410
001 C000000 2129226788
002 A000000 200 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10166
002 D020000 0000
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
012 A000001 DREYFUS TRANSFER INC.
012 B000001 85-11312
012 C010001 PROVIDENCE
012 C020001 RI
012 C030001 02903
015 A000001 THE BANK OF NEW YORK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 162
019 C000000 DREYFUSFAM
022 A000001 U.B.S SECURITIES INC.
022 B000001 13-2932996
022 C000001 18803286
022 D000001 1445752
022 A000002 REPUBLIC NATIONAL BANK OF NEW YORK
022 B000002 13-2774727
022 C000002 16715311
022 D000002 0
022 A000003 EASTBRIDGE CAPITAL INC.
022 B000003 13-3501117
022 C000003 9959691
022 D000003 47923
022 A000004 CHEMICAL SECURITIES, INC.
<PAGE> PAGE 2
022 B000004 13-3379014
022 C000004 7645135
022 D000004 47393
022 A000005 LEHMAN BROTHERS INC.
022 B000005 13-2518466
022 C000005 5810696
022 D000005 427062
022 A000006 DAIWA SECURITIES AMERICA INC.
022 B000006 13-5680329
022 C000006 4489168
022 D000006 0
022 A000007 SBC CAPITAL MARKETS, INC.
022 B000007 13-3498485
022 C000007 4311851
022 D000007 0
022 A000008 GOLDMAN, SACHS & CO.
022 B000008 13-5108880
022 C000008 3948709
022 D000008 49484
022 A000009 AUBREY G. LANSTON & CO. INC.
022 B000009 13-5552129
022 C000009 2320011
022 D000009 0
022 A000010 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000010 13-5674085
022 C000010 1225196
022 D000010 432716
023 C000000 89721965
023 D000000 3214409
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 1261982
028 A020000 20543
028 A030000 0
028 A040000 1453319
028 B010000 1356910
028 B020000 20225
028 B030000 0
028 B040000 1361766
028 C010000 1452016
028 C020000 18804
028 C030000 0
028 C040000 1511252
<PAGE> PAGE 3
028 D010000 1387350
028 D020000 20509
028 D030000 0
028 D040000 1371122
028 E010000 1292900
028 E020000 19605
028 E030000 0
028 E040000 1252548
028 F010000 1145871
028 F020000 18789
028 F030000 0
028 F040000 1218261
028 G010000 7897029
028 G020000 118475
028 G030000 0
028 G040000 8168268
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 N
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 Y
062 A000000 Y
062 B000000 0.0
062 C000000 10.1
062 D000000 2.2
062 E000000 0.0
062 F000000 3.3
062 G000000 0.0
062 H000000 0.0
062 I000000 50.8
062 J000000 0.0
062 K000000 0.0
062 L000000 33.3
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
<PAGE> PAGE 4
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 46
063 B000000 0.0
064 A000000 Y
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 0
071 B000000 0
071 C000000 0
<PAGE> PAGE 5
071 D000000 0
072 A000000 12
072 B000000 283233
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 21804
072 G000000 0
072 H000000 0
072 I000000 13749
072 J000000 280
072 K000000 0
072 L000000 252
072 M000000 82
072 N000000 104
072 O000000 168
072 P000000 0
072 Q000000 0
072 R000000 69
072 S000000 87
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 150
072 X000000 36745
072 Y000000 0
072 Z000000 246488
072AA000000 1504
072BB000000 132
072CC010000 0
072CC020000 0
072DD010000 245911
072DD020000 0
072EE000000 0
073 A010000 0.0531
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 34976
074 B000000 98832
074 C000000 4348811
074 D000000 0
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 49787
074 K000000 0
074 L000000 29147
074 M000000 1376
<PAGE> PAGE 6
074 N000000 4562929
074 O000000 99508
074 P000000 1832
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 1651
074 S000000 0
074 T000000 4459938
074 U010000 4461765
074 U020000 0
074 V010000 1.00
074 V020000 0.00
074 W000000 0.9993
074 X000000 272379
074 Y000000 0
075 A000000 4623162
075 B000000 0
076 000000 0.00
077 A000000 N
080 A000000 VIGILANT INSURANCE COMPANY
080 B000000 NATIONAL UNION FIRE INSURANCE CO PITTSBURGH
080 C000000 125
081 A000000 Y
081 B000000 173
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE JOHN J. PYBURN
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000030158
<NAME> DREYFUS LIQUID ASSETS, INC.
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 4447643
<INVESTMENTS-AT-VALUE> 4447643
<RECEIVABLES> 78934
<ASSETS-OTHER> 36352
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4562929
<PAYABLE-FOR-SECURITIES> 99508
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3483
<TOTAL-LIABILITIES> 102991
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4460889
<SHARES-COMMON-STOCK> 4461765
<SHARES-COMMON-PRIOR> 4867149
<ACCUMULATED-NII-CURRENT> 1230
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2181)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 4459938
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 283233
<OTHER-INCOME> 0
<EXPENSES-NET> 36745
<NET-INVESTMENT-INCOME> 246488
<REALIZED-GAINS-CURRENT> 1372
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 247860
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (245911)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16013690
<NUMBER-OF-SHARES-REDEEMED> (16663742)
<SHARES-REINVESTED> 244667
<NET-CHANGE-IN-ASSETS> (403436)
<ACCUMULATED-NII-PRIOR> 653
<ACCUMULATED-GAINS-PRIOR> (3553)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 21804
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 36745
<AVERAGE-NET-ASSETS> 4623162
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .053
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.053)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .008
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>