CALVERT TAX FREE RESERVES
NSAR-A, 1998-08-24
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<PAGE>      PAGE  1
000 A000000 06/30/98
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  6
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 PORTYFOLIO
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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
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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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051  000200 N
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<PAGE>      PAGE  10
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070 E020200 N
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
050  000300 N
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<PAGE>      PAGE  15
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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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070 O020400 N
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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074 R030400        0
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074 T000400   362467
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074 V010400     1.00
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028 A010500       386
028 A020500       110
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<PAGE>      PAGE  21
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028 E020500       100
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028 E040500       525
028 F010500       505
028 F020500        96
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028 F040500       376
028 G010500      3677
028 G020500       739
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028 G040500      3211
028 H000500      2445
029  000500 N
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030 B000500  0.00
030 C000500  0.00
031 A000500      0
031 B000500      0
032  000500      0
033  000500      0
037  000500 N
038  000500      0
040  000500 N
041  000500 N
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042 B000500   0
042 C000500   0
042 D000500   0
042 E000500   0
042 F000500   0
042 G000500   0
042 H000500   0
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045  000500 Y
046  000500 N
047  000500 Y
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<PAGE>      PAGE  22
048 A010500      500
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048 B020500 0.450
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048 H020500 0.000
048 I010500        0
048 I020500 0.000
048 J010500        0
048 J020500 0.000
048 K010500     1000
048 K020500 0.400
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
062 A000500 Y
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   4.8
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
062 I000500   0.0
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
062 M000500   0.0
062 N000500   0.0
062 O000500  93.1
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
063 A000500   0
063 B000500 15.0
<PAGE>      PAGE  23
070 A010500 Y
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
071 A000500     10483
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<PAGE>      PAGE  24
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074 S000500        0
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<PAGE>      PAGE  25
074 V010500    16.35
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074 X000500     1087
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075 A000500        0
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028 A010600       313
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028 C040600      1001
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029  000600 N
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031 A000600      0
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032  000600      0
033  000600      0
034  000600 N
035  000600      0
036 B000600      0
037  000600 N
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040  000600 Y
<PAGE>      PAGE  26
041  000600 Y
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045  000600 Y
046  000600 N
047  000600 Y
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048 I020600 0.000
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049  000600 N
050  000600 N
051  000600 N
052  000600 N
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054 A000600 Y
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054 H000600 Y
054 J000600 Y
054 M000600 Y
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<PAGE>      PAGE  27
057  000600 N
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070 A010600 Y
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070 I020600 N
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070 J020600 N
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070 K020600 N
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070 M020600 N
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070 O010600 N
070 O020600 N
<PAGE>      PAGE  28
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<PAGE>      PAGE  29
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SIGNATURE   WILLIAM TARTIKOFF                            
TITLE       GENERAL COUNSEL     
 


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

<TABLE> <S> <C>

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<NAME> CALVERT TAX-FREE RESERVES
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<CIK> 0000319676
<NAME> CALVERT TAX-FREE RESERVES
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<TABLE> <S> <C>

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<NAME> CALVERT TAX-FREE RESERVES
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   <NAME> MONEY MARKET PORTFOLIO, INSTITUTIONAL CLASS
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</TABLE>

<TABLE> <S> <C>

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


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