CMA TAX EXEMPT FUND/
NSAR-B, 2000-05-25
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<PAGE>      PAGE  1
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012 A000001 FINANCIAL DATA SERVICES, INC.
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022 A000001 MORGAN (J.P.) SECURITIES INC.
022 B000001 13-3224016
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022 A000002 GOLDMAN, SACHS & CO.
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022 A000008 BANC ONE CAPITAL MARKETS, INC.
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022 A000009 BEAR, STEARNS & CO. INC.
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<PAGE>      PAGE  9
080 A000000 ICI MUTUAL INSURANCE CO.
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SIGNATURE   DONALD C. BURKE
TITLE       TREASURER



<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000320281
<NAME> CMA TAX-EXEMPT FUND

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