CALVERT TAX FREE RESERVES
NSAR-A, 1997-08-26
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<PAGE>      PAGE  1
000 A000000 06/30/97
000 C000000 0000319676
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 CALVERT TAX-FREE RESERVES
001 B000000 811-3101
001 C000000 3019514881
002 A000000 4550 MONTGOMERY AVENUE SUITE 1000N
002 B000000 BETHESDA
002 C000000 MD
002 D010000 20814
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  5
007 C010100  1
007 C020100 MONEY MARKET PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 LIMITED TERM PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 LONG TERM PORTFOLIO
007 C030300 N
007 C010400  4
007 C020400 CALIFORNIA MONEY MARKET FUND
007 C030400 N
007 C010500  5
007 C020500 VERMONT MUNICIPAL PORTFOLIO
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<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
043  000100     25
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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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050  000200 N
051  000200 N
052  000200 N
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055 A000200 N
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056  000200 N
057  000200 N
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<PAGE>      PAGE  10
062 D000200   0.0
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070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
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<PAGE>      PAGE  11
070 R010200 N
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
050  000300 N
051  000300 N
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<PAGE>      PAGE  15
070 L020300 N
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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037  000500 N
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040  000500 N
041  000500 N
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042 E000500   0
042 F000500   0
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<PAGE>      PAGE  22
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049  000500 N
050  000500 N
051  000500 N
052  000500 N
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055 B000500 N
056  000500 N
057  000500 N
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070 A010500 Y
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<PAGE>      PAGE  23
070 B010500 N
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070 D010500 N
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070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
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070 N020500 N
070 O010500 N
070 O020500 N
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
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<PAGE>      PAGE  28
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SIGNATURE   WILLIAM TARTIKOFF                            
TITLE       GENERAL COUNSEL     
 


<TABLE> <S> <C>

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<CIK> 0000319676
<NAME> CALVERT TAX-FREE RESERVES
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   <NUMBER> 123
   <NAME> MONEY MARKET PORTFOLIO, CLASS O
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

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<CIK> 0000319676
<NAME> CALVERT TAX-FREE RESERVES
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   <NUMBER> 125
   <NAME> MONEY MARKET PORTFOLIO, CLASS MMP
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000319676
<NAME> CALVERT TAX-FREE RESERVES
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000319676
<NAME> CALVERT TAX-FREE RESERVES
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   <NUMBER> 126
   <NAME> LONG-TERM PORTFOLIO
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