CALVERT TAX FREE RESERVES
NSAR-B, 1997-02-24
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<PAGE>      PAGE  1
000 B000000 12/31/96
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
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
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007 C011100 11
007 C011200 12
007 C011300 13
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007 C011600 16
007 C011700 17
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<PAGE>      PAGE  2
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022 A000001 MERRILL LYNCH
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022 A000002 LEHMAN BROS INC.
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022 A000003 BANKERS TRUST COMPANY
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022 A000004 BT SECURITIES CORPORTATION
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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
033  000200     13
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048 K020200 0.400
049  000200 N
050  000200 N
051  000200 N
052  000200 N
053 A000200 N
055 A000200 N
055 B000200 N
056  000200 N
057  000200 N
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<PAGE>      PAGE  10
062 C000200   0.0
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070 A010200 Y
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070 B010200 N
070 B020200 N
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
070 O010200 N
070 O020200 N
070 P010200 N
070 P020200 N
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<PAGE>      PAGE  11
070 Q020200 N
070 R010200 N
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
028 G020300      1303
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<PAGE>      PAGE  14
049  000300 N
050  000300 N
051  000300 N
052  000300 N
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070 I020300 N
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070 J020300 N
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<PAGE>      PAGE  15
070 L010300 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
070 G010400 N
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070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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033  000500      4
037  000500 N
038  000500      0
040  000500 N
041  000500 N
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042 C000500   0
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042 E000500   0
042 F000500   0
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042 H000500   0
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046  000500 N
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<PAGE>      PAGE  22
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048 I020500 0.000
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049  000500 N
050  000500 N
051  000500 N
052  000500 N
053 A000500 Y
055 A000500 N
055 B000500 N
056  000500 N
057  000500 N
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062 D000500   0.0
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062 F000500   0.0
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062 I000500   0.0
062 J000500   0.0
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062 O000500  97.8
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062 R000500   0.0
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063 B000500 15.0
070 A010500 Y
<PAGE>      PAGE  23
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
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
070 N010500 N
070 N020500 N
070 O010500 N
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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034  000600 N
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036 B000600      0
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040  000600 Y
041  000600 Y
<PAGE>      PAGE  26
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050  000600 N
051  000600 N
052  000600 N
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054 H000600 Y
054 J000600 Y
054 M000600 Y
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<PAGE>      PAGE  27
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070 J020600 N
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070 K020600 N
070 L010600 N
070 L020600 N
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070 M020600 N
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070 O020600 N
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<PAGE>      PAGE  28
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SIGNATURE   WILLIAM TARTIKOFF                            
TITLE       GENERAL COUNSEL     
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

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


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