CALVERT TAX FREE RESERVES
NSAR-B, 1999-02-23
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<PAGE>      PAGE  1
000 B000000 12/31/98
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  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 PORTYFOLIO
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
<PAGE>      PAGE  2
007 C012000 20
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   29
019 C00AA00 CALVERTGRP
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
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020 C000009      0
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021  000000        0
022 A000001 MERRILL LYNCH PIERCE
022 C000001    724066
022 D000001    606145
022 A000002 LEHMAN BROS INC.
022 C000002    692943
022 D000002    249931
022 A000003 FIRST COMMERCE CAPITAL
022 C000003    451575
022 D000003    394610
022 A000004 PIPER JAFFRAY INC.
022 C000004    398392
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022 A000005 FIRST CHICAGO CAPITAL MARKETING INC.
022 C000005    303843
022 D000005    285554
022 A000006 CITICORP SECURITIES
022 C000006    289571
022 D000006    150339
022 A000007 BT ALEX BROWN INC
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022 D000007    161825
022 A000008 BEAR STEARNS SECURITIES CORP
022 C000008    177764
022 D000008     87272
022 A000009 FIRST ALBANY CORP.
022 C000009    148274
022 D000009     93479
022 A000010 PRUDENTIAL SECURITIES INC
022 C000010    129314
022 D000010     48389
023 C000000    4234181
023 D000000    2662912
024  00AA00 N
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<PAGE>      PAGE  3
025 D00AA03       0
025 D00AA04       0
025 D00AA05       0
025 D00AA06       0
025 D00AA07       0
025 D00AA08       0
026 A000000 N
026 B000000 N
026 C000000 N
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026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
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058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00     2000
066 A00AA00 N
067  00AA00 N
068 A00AA00 N
068 B00AA00 N
069  00AA00 N
077 A000000 Y
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080 A00AA00 ICI MUTUAL INSURANCE COMPANY
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081 B00AA00  38
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A01AA00      0
086 A02AA00      0
086 B01AA00      0
086 B02AA00      0
086 C01AA00      0
086 C02AA00      0
086 D01AA00      0
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086 E01AA00      0
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<PAGE>      PAGE  4
086 F01AA00      0
086 F02AA00      0
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028 C020100      3668
028 C030100         0
028 C040100    335851
028 D010100    349196
028 D020100      3632
028 D030100         0
028 D040100    344721
028 E010100    251972
028 E020100      3638
028 E030100         0
028 E040100    183452
028 F010100    464084
028 F020100      3973
028 F030100         0
028 F040100    496006
028 G010100   1900606
028 G020100     22657
028 G030100         0
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029  000100 N
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033  000100      0
035  000100      0
036 B000100      0
037  000100 N
038  000100      0
041  000100 Y
042 A000100   1
042 B000100  10
042 C000100  35
042 D000100  54
042 E000100   0
042 F000100   0
042 G000100   0
<PAGE>      PAGE  5
042 H000100   0
043  000100     38
044  000100      0
045  000100 Y
046  000100 N
047  000100 Y
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048 K020100 0.400
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 N
055 A000100 N
055 B000100 N
056  000100 N
057  000100 N
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062 B000100   0.0
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062 I000100   0.0
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062 L000100   0.0
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<PAGE>      PAGE  6
062 N000100   0.0
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063 B000100  0.0
070 A010100 Y
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070 B010100 N
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070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
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<PAGE>      PAGE  7
072 E000100        0
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072 X000100     9650
072 Y000100      200
072 Z000100    50552
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074 C000100  1575410
074 D000100        0
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
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074 L000100    19157
074 M000100       69
074 N000100  1604026
074 O000100        0
074 P000100      835
074 Q000100        0
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<PAGE>      PAGE  8
074 R020100        0
074 R030100        0
074 R040100      902
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074 U010100  1355203
074 U020100   246941
074 V010100     1.00
074 V020100     1.00
074 W000100   1.0007
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075 A000100  1573011
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028 B020200      1218
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028 C010200     21211
028 C020200      1277
028 C030200         0
028 C040200     14629
028 D010200     32719
028 D020200      1330
028 D030200         0
028 D040200     32207
028 E010200     39055
028 E020200      1254
028 E030200         0
028 E040200     20561
028 F010200     33929
028 F020200      1468
028 F030200         0
028 F040200     35159
028 G010200    181132
028 G020200      7836
028 G030200         0
028 G040200    134777
028 H000200     39391
029  000200 Y
030 A000200      4
030 B000200  2.75
030 C000200  0.00
031 A000200      1
031 B000200      0
032  000200      3
<PAGE>      PAGE  9
033  000200      0
037  000200 N
038  000200      0
041  000200 Y
042 A000200   0
042 B000200   0
042 C000200   0
042 D000200  75
042 E000200  25
042 F000200   0
042 G000200   0
042 H000200   0
043  000200    168
044  000200      0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.000
048 A010200      500
048 A020200 0.600
048 B010200      500
048 B020200 0.500
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200     1000
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
062 A000200 Y
062 B000200   0.0
<PAGE>      PAGE  10
062 C000200   0.0
062 D000200   0.0
062 E000200  27.8
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200  72.2
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200 282
063 B000200  0.0
070 A010200 Y
070 A020200 Y
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
070 Q010200 N
<PAGE>      PAGE  11
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200    153934
071 B000200    165320
071 C000200    338644
071 D000200   45
072 A000200  6
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072 D000200        0
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072 G000200       41
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072 J000200       57
072 K000200       24
072 L000200       50
072 M000200       58
072 N000200       56
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072 S000200        4
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072 X000200     3619
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072AA000200      191
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073 A010200   0.3956
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074 D000200   389788
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<PAGE>      PAGE  12
074 H000200        0
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074 N000200   555405
074 O000200     2983
074 P000200      327
074 Q000200        0
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074 R020200        0
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074 R040200     4883
074 S000200        0
074 T000200   547212
074 U010200    51073
074 U020200        0
074 V010200    10.69
074 V020200     0.00
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074 Y000200        0
075 A000200        0
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076  000200     0.00
028 A010300       754
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028 A030300         0
028 A040300       542
028 B010300       877
028 B020300       179
028 B030300         0
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028 C010300       447
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028 D020300       191
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028 E020300       177
028 E030300         0
028 E040300       362
028 F010300       294
028 F020300      1418
028 F030300         0
028 F040300       872
028 G010300      4841
<PAGE>      PAGE  13
028 G020300      2324
028 G030300         0
028 G040300      4369
028 H000300      1443
029  000300 Y
030 A000300      5
030 B000300  2.75
030 C000300  0.00
031 A000300      1
031 B000300      0
032  000300      4
033  000300      0
037  000300 N
038  000300      0
041  000300 Y
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042 E000300  14
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042 H000300   0
043  000300     13
044  000300      0
045  000300 Y
046  000300 N
047  000300 Y
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048 A010300      500
048 A020300 0.600
048 B010300      500
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048 C010300        0
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048 I020300 0.000
048 J010300        0
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048 K010300     1000
048 K020300 0.400
<PAGE>      PAGE  14
049  000300 N
050  000300 N
051  000300 N
052  000300 N
053 A000300 N
055 A000300 Y
055 B000300 Y
056  000300 N
057  000300 N
062 A000300 Y
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062 D000300   0.0
062 E000300  20.1
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062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
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063 B000300 16.0
070 A010300 Y
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070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 Y
070 E020300 Y
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 N
070 J020300 N
070 K010300 N
070 K020300 N
<PAGE>      PAGE  15
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 N
070 N020300 N
070 O010300 N
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300     36431
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<PAGE>      PAGE  16
073 A010300   0.7977
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074 D000300    48193
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074 S000300        0
074 T000300    57678
074 U010300     3431
074 U020300        0
074 V010300    16.81
074 V020300     0.00
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028 D010400     27766
028 D020400      1025
<PAGE>      PAGE  17
028 D030400         0
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028 G010400    225959
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028 H000400         0
029  000400 N
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030 B000400  0.00
030 C000400  0.00
031 A000400      0
031 B000400      0
032  000400      0
033  000400      0
037  000400 N
038  000400      0
041  000400 Y
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042 C000400   0
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042 E000400   2
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043  000400    120
044  000400     -7
045  000400 Y
046  000400 N
047  000400 Y
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048 A010400      500
048 A020400 0.500
048 B010400      500
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048 C010400        0
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<PAGE>      PAGE  18
048 F020400 0.000
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048 K020400 0.400
049  000400 N
050  000400 N
051  000400 N
052  000400 N
053 A000400 N
055 A000400 N
055 B000400 N
056  000400 N
057  000400 N
062 A000400 Y
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062 C000400   0.0
062 D000400   0.0
062 E000400  97.9
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400   0.0
062 N000400   0.0
062 O000400   0.0
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062 R000400   0.0
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070 A010400 Y
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070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
<PAGE>      PAGE  19
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 N
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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071 B000400         0
071 C000400         0
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072 A000400  6
072 B000400    14134
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072 M000400       44
072 N000400       35
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<PAGE>      PAGE  20
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072EE000400        0
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074 C000400   428451
074 D000400        0
074 E000400        0
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074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
074 K000400        0
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074 N000400   438130
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074 P000400      249
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400      306
074 S000400        0
074 T000400   437575
074 U010400   437673
074 U020400        0
074 V010400     1.00
074 V020400     0.00
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074 X000400     9857
074 Y000400        0
075 A000400   373347
075 B000400        0
076  000400     0.00
028 A010500       548
028 A020500       102
028 A030500         0
<PAGE>      PAGE  21
028 A040500       284
028 B010500       299
028 B020500       103
028 B030500         0
028 B040500       385
028 C010500       335
028 C020500        99
028 C030500         0
028 C040500       589
028 D010500       513
028 D020500       103
028 D030500         0
028 D040500       314
028 E010500       447
028 E020500       102
028 E030500         0
028 E040500       700
028 F010500       707
028 F020500       626
028 F030500         0
028 F040500      1329
028 G010500      2849
028 G020500      1135
028 G030500         0
028 G040500      3601
028 H000500       219
029  000500 N
030 A000500      0
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
042 A000500   0
042 B000500   0
042 C000500   0
042 D000500   0
042 E000500   0
042 F000500   0
042 G000500   0
042 H000500   0
043  000500      0
044  000500      0
045  000500 Y
046  000500 N
047  000500 Y
<PAGE>      PAGE  22
048  000500  0.000
048 A010500      500
048 A020500 0.500
048 B010500      500
048 B020500 0.450
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048 D010500        0
048 D020500 0.000
048 E010500        0
048 E020500 0.000
048 F010500        0
048 F020500 0.000
048 G010500        0
048 G020500 0.000
048 H010500        0
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   2.0
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  97.9
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
063 A000500   0
<PAGE>      PAGE  23
063 B000500 16.0
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     18069
071 B000500     15799
071 C000500     49030
071 D000500   32
072 A000500  6
072 B000500     2780
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072 D000500        0
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072 G000500        4
072 H000500        0
072 I000500       30
072 J000500       14
<PAGE>      PAGE  24
072 K000500        3
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072 M000500        6
072 N000500        5
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072 Q000500        0
072 R000500        1
072 S000500        0
072 T000500        0
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072 X000500      382
072 Y000500       14
072 Z000500     2412
072AA000500      786
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072CC010500        0
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072DD020500        0
072EE000500      953
073 A010500   0.7691
073 A020500   0.0000
073 B000500   0.3075
073 C000500   0.0000
074 A000500      109
074 B000500        0
074 C000500     1000
074 D000500    51166
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074 F000500        0
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500        0
074 K000500        0
074 L000500     1101
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074 N000500    53380
074 O000500     2045
074 P000500       33
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500       10
074 S000500        0
074 T000500    51292
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<PAGE>      PAGE  25
074 U020500        0
074 V010500    16.28
074 V020500     0.00
074 W000500   0.0000
074 X000500     1100
074 Y000500        0
075 A000500        0
075 B000500    50949
076  000500     0.00
028 A010600       313
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028 A040600      1646
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028 B040600      1644
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028 C020600       111
028 C030600         0
028 C040600      1001
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028 D020600       109
028 D030600         0
028 D040600      1322
028 E010600       479
028 E020600       105
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028 E040600      1104
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028 F020600       284
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028 F040600       332
028 G010600      2278
028 G020600       837
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028 G040600      7049
028 H000600      3115
029  000600 N
030 A000600      0
030 B000600  0.00
030 C000600  0.00
031 A000600      0
031 B000600      0
032  000600      0
033  000600      0
034  000600 N
035  000600      0
036 B000600      0
037  000600 N
038  000600      0
<PAGE>      PAGE  26
040  000600 Y
041  000600 Y
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042 F000600   0
042 G000600   0
042 H000600   0
043  000600      4
044  000600      0
045  000600 Y
046  000600 N
047  000600 Y
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048 B020600 0.450
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048 I010600        0
048 I020600 0.000
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048 J020600 0.000
048 K010600     1000
048 K020600 0.400
049  000600 N
050  000600 N
051  000600 N
052  000600 N
053 A000600 Y
054 A000600 Y
054 G000600 Y
054 H000600 Y
054 J000600 Y
054 M000600 Y
054 O000600 Y
055 A000600 Y
055 B000600 Y
<PAGE>      PAGE  27
056  000600 N
057  000600 N
062 A000600 Y
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062 R000600   0.0
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063 B000600 14.0
070 A010600 Y
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070 D010600 N
070 D020600 N
070 E010600 Y
070 E020600 Y
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 N
070 J020600 N
070 K010600 N
070 K020600 N
070 L010600 N
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 N
070 N020600 N
070 O010600 N
<PAGE>      PAGE  28
070 O020600 N
070 P010600 N
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070 R020600 N
071 A000600      7107
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<PAGE>      PAGE  29
074 D000600    59447
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030 C000800  0.00
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> 321
   <NAME> MONEY MARKET FUND, CLASS O
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000319676
<NAME> CALVERT TAX-FREE RESERVES
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   <NUMBER> 322
   <NAME> MONEY MARKET FUND, 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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   <NUMBER> 323
   <NAME> LIMITED TERM PORTFOLIO
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000319676
<NAME> CALVERT TAX-FREE RESERVES
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   <NAME> LONG TERM PORTFOLIO
<MULTIPLIER> 1000
       
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