<PAGE> PAGE 1
000 A000000 01/31/95
000 C000000 0000311684
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000 F000000 Y
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002 A000000 1285 AVE OF THE AMERICAS
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008 B000001 A
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008 D010001 NEW YORK
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011 B000001 8-16267
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<PAGE> PAGE 2
012 C020001 PA
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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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
SIGNATURE JULIAN SLUYTERS
TITLE TREASURER
[ARTICLE] 6
[CIK] 0000311684
[NAME] PAINEWEBBER\KIDDER,PEABODY CASH RESERVE FUND, INC.
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1995
[PERIOD-END] JAN-31-1995
[INVESTMENTS-AT-COST] 1513650
[INVESTMENTS-AT-VALUE] 1513650
[RECEIVABLES] 173
[ASSETS-OTHER] 159
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1513982
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3760
[TOTAL-LIABILITIES] 3760
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 1510222
[SHARES-COMMON-PRIOR] 1750448
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 1510222
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 42076
[OTHER-INCOME] 0
[EXPENSES-NET] (5878)
[NET-INVESTMENT-INCOME] 36197
[REALIZED-GAINS-CURRENT] (3)
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 36194
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (36194)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2939603
[NUMBER-OF-SHARES-REDEEMED] (3212916)
[SHARES-REINVESTED] 33087
[NET-CHANGE-IN-ASSETS] (240226)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] (3847)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (5878)
[AVERAGE-NET-ASSETS] 1626567
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] 0.022
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] (0.022)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] 0.720
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
