<PAGE> PAGE 1
000 A000000 06/30/97
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
018 000000 Y
019 A000000 Y
019 B000000 148
019 C000000 DREYFUSFAM
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 UBS SECURITIES, INC.
022 B000001 13-2932996
022 C000001 14777173
022 D000001 1043912
022 A000002 REPUBLIC NATIONAL BANK OF NEW YORK
022 B000002 13-2774727
022 C000002 11791818
022 D000002 0
022 A000003 SBC CAPITAL MARKETS, INC.
022 B000003 13-3498485
022 C000003 10758551
022 D000003 0
022 A000004 AUBREY G. LANSTON & CO., INC.
<PAGE> PAGE 2
022 B000004 13-5552129
022 C000004 7354560
022 D000004 0
022 A000005 PRUDENTIAL SECURITIES INCORPORATED
022 B000005 22-2347336
022 C000005 2728411
022 D000005 0
022 A000006 MORGAN STANLEY & CO. INCORPORATED
022 B000006 13-2655998
022 C000006 1604164
022 D000006 99847
022 A000007 PARIBUS CORP.
022 B000007 13-3235334
022 C000007 615593
022 D000007 710289
022 A000008 GOLDMAN, SACHS & CO.
022 B000008 13-5108880
022 C000008 969217
022 D000008 0
022 A000009 CS FIRST BOSTON CORPORATION
022 B000009 13-5659485
022 C000009 882377
022 D000009 48540
022 A000010 DAIWA SECURITIES AMERICA INC.
022 B000010 13-5680329
022 C000010 930097
022 D000010 0
023 C000000 60535555
023 D000000 2340485
024 000000 Y
025 A000001 GOLDMAN, SACHS & CO.
025 B000001 13-5108880
025 C000001 D
025 D000001 128277
025 A000002 MORGAN STANLEY & CO. INCORPORATED
025 B000002 13-2655998
025 C000002 D
025 D000002 98869
025 A000003 REPUBLIC NATIONAL BANK OF NEW YORK
025 B000003 13-2774727
025 C000003 D
025 D000003 28701
025 A000004 SBC CAPTIAL MARKETS, INC.
025 B000004 13-3498485
025 C000004 D
025 D000004 93626
025 A000005 DELETE
025 D000005 0
025 A000006 DELETE
025 D000006 0
025 A000007 DELETE
<PAGE> PAGE 3
025 D000007 0
025 A000008 DELETE
025 D000008 0
028 A010000 1941617
028 A020000 19032
028 A030000 0
028 A040000 2141456
028 B010000 1537030
028 B020000 16953
028 B030000 0
028 B040000 1321444
028 C010000 1740673
028 C020000 19233
028 C030000 0
028 C040000 1723973
028 D010000 2422910
028 D020000 19657
028 D030000 0
028 D040000 2558799
028 E010000 1498495
028 E020000 19136
028 E030000 0
028 E040000 1569722
028 F010000 1362269
028 F020000 19431
028 F030000 0
028 F040000 1336005
028 G010000 10502994
028 G020000 113442
028 G030000 0
028 G040000 10651399
028 H000000 0
062 A000000 Y
062 B000000 3.1
062 C000000 3.8
062 D000000 2.0
062 E000000 0.0
062 F000000 8.7
062 G000000 0.0
062 H000000 0.0
062 I000000 55.2
062 J000000 0.6
062 K000000 0.0
062 L000000 26.3
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 74
<PAGE> PAGE 4
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
071 A000000 0
071 B000000 0
071 C000000 0
071 D000000 0
072 A000000 6
072 B000000 131635
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 11077
072 G000000 0
072 H000000 0
072 I000000 6334
072 J000000 139
072 K000000 0
072 L000000 163
072 M000000 38
072 N000000 51
072 O000000 13
072 P000000 0
072 Q000000 0
072 R000000 29
072 S000000 5
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 37
072 X000000 17886
072 Y000000 277
072 Z000000 114026
072AA000000 532
072BB000000 0
072CC010000 0
072CC020000 0
072DD010000 114026
072DD020000 0
072EE000000 0
073 A010000 0.0241
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 51856
074 B000000 93626
<PAGE> PAGE 5
074 C000000 4570413
074 D000000 0
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 29430
074 M000000 630
074 N000000 4745955
074 O000000 0
074 P000000 2984
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 62704
074 S000000 0
074 T000000 4680267
074 U010000 4682510
074 U020000 0
074 V010000 1.00
074 V020000 0.00
074 W000000 0.9995
074 X000000 276079
074 Y000000 0
075 A000000 4741955
075 B000000 0
076 000000 0.00
077 A000000 N
078 000000 N
SIGNATURE ELIZABETH A. KEELEY
TITLE VICE PRES./ASST. SEC
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000030158
<NAME> DREYFUS LIQUID ASSETS, INC.
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 4664039
<INVESTMENTS-AT-VALUE> 4664039
<RECEIVABLES> 29430
<ASSETS-OTHER> 52486
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4745955
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 65688
<TOTAL-LIABILITIES> 65688
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4681635
<SHARES-COMMON-STOCK> 4682510
<SHARES-COMMON-PRIOR> 4717473
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1368)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 4680267
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 131635
<OTHER-INCOME> 0
<EXPENSES-NET> 17609
<NET-INVESTMENT-INCOME> 144026
<REALIZED-GAINS-CURRENT> 532
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 114558
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (114026)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10502994
<NUMBER-OF-SHARES-REDEEMED> (10651399)
<SHARES-REINVESTED> 113442
<NET-CHANGE-IN-ASSETS> (34432)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1889)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11077
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 17886
<AVERAGE-NET-ASSETS> 4741955
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .024
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.024)
<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>
