<PAGE> PAGE 1
000 B000000 06/30/98
000 C000000 0000352667
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 COUNTRYWIDE TAX-FREE TRUST
001 B000000 811-3174
001 C000000 5136292000
002 A000000 312 WALNUT STREET 21ST FLOOR
002 B000000 CINCINNATI
002 C000000 OH
002 D010000 45202
002 D020000 4094
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 7
007 C010100 1
007 C020100 TAX-FREE MONEY FUND
007 C030100 N
007 C010200 2
007 C020200 TAX-FREE INTERMEDIATE TERM FUND
007 C030200 N
007 C010300 3
007 C020300 OHIO INSURED TAX-FREE FUND
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C020600 OHIO TAX-FREE MONEY FUND
007 C030600 N
007 C010700 7
007 C020700 CALIFORNIA TAX-FREE MONEY FUND
007 C030700 N
007 C010800 8
007 C020800 FLORIDA TAX-FREE MONEY FUND
007 C030800 N
007 C010900 9
007 C020900 KENTUCKY TAX-FREE FUND
007 C030900 N
007 C011000 10
008 A00AA01 COUNTRYWIDE INVESTMENTS, INC.
008 B00AA01 A
008 C00AA01 801-10344
008 D01AA01 CINCINNATI
<PAGE> PAGE 2
008 D02AA01 OH
008 D03AA01 45202
008 D04AA01 4094
010 A00AA01 COUNTRYWIDE FUND SERVICES, INC.
010 B00AA01 84-1093
010 C01AA01 CINCINNATI
010 C02AA01 OH
010 C03AA01 45202
010 C04AA01 4094
011 A00AA01 COUNRYWIDE INVESTMENTS, INC.
011 B00AA01 8-24674
011 C01AA01 CINCINNATI
011 C02AA01 OH
011 C03AA01 45202
011 C04AA01 4094
012 A00AA01 COUNTRYWIDE FUND SERVICES, INC.
012 B00AA01 84-1093
012 C01AA01 CINCINNATI
012 C02AA01 OH
012 C03AA01 45202
012 C04AA01 4094
013 A00AA01 ARTHUR ANDERSEN LLP
013 B01AA01 CINCINNATI
013 B02AA01 OH
013 B03AA01 45202
013 B04AA01 3874
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 17
019 C00AA00 COUNTRYWID
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 LEHMAN BROTHERS INC.
022 B000001 13-2518466
022 C000001 222553
022 D000001 132320
022 A000002 BANC ONE CAPITAL CORPORATION
022 B000002 31-1017233
022 C000002 171407
022 D000002 140313
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000003 13-5674085
<PAGE> PAGE 3
022 C000003 107265
022 D000003 71635
022 A000004 BEAR, STEARNS & CO. INC.
022 B000004 13-3299429
022 C000004 132711
022 D000004 39310
022 A000005 NUVEEN (JOHN) & CO. INCORPORATED
022 B000005 36-2639476
022 C000005 83049
022 D000005 64720
022 A000006 MORGAN (J.P.) SECURITIES INC.
022 B000006 13-3224016
022 C000006 39610
022 D000006 30810
022 A000007 EDWARDS (A.G.) & SONS, INC.
022 B000007 43-0895447
022 C000007 45253
022 D000007 22734
022 A000008 CITIBANK, N.A.
022 B000008 13-3187336
022 C000008 31300
022 D000008 33500
022 A000009 BT ALEX. BROWN INCORPORATED
022 B000009 52-1319768
022 C000009 32909
022 D000009 29400
022 A000010 SEASONGOOD & MAYER
022 B000010 31-0439010
022 C000010 51534
022 D000010 1338
023 C000000 1243775
023 D000000 684427
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
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
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
<PAGE> PAGE 4
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.000
048 A01AA00 100000
048 A02AA00 0.500
048 B01AA00 100000
048 B02AA00 0.450
048 C01AA00 100000
048 C02AA00 0.400
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 300000
048 K02AA00 0.375
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
<PAGE> PAGE 5
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 FEDERAL INSURANCE COMPANY
080 C00AA00 10000
081 A00AA00 Y
081 B00AA00 13
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
014 A000101 COUNTRYWIDE INVESTMENTS, INC.
014 B000101 8-24674
014 A000102 CW FUND DISTRIBUTORS, INC.
014 B000102 8-40907
015 A000101 THE FIFTH THIRD BANK
015 B000101 C
015 C010101 CINCINNATI
015 C020101 OH
015 C030101 45202
015 E010101 X
015 A000102 STATE STREET BANK AND TRUST COMPANY, N.A.
015 B000102 S
015 C010102 NEW YORK
015 C020102 NY
015 C030102 10006
015 E010102 X
028 A010100 5878
028 A020100 82
028 A030100 0
<PAGE> PAGE 6
028 A040100 6339
028 B010100 4587
028 B020100 75
028 B030100 0
028 B040100 3508
028 C010100 5587
028 C020100 75
028 C030100 0
028 C040100 7323
028 D010100 3117
028 D020100 78
028 D030100 0
028 D040100 8611
028 E010100 9759
028 E020100 75
028 E030100 0
028 E040100 2523
028 F010100 7722
028 F020100 87
028 F030100 0
028 F040100 4216
028 G010100 36650
028 G020100 472
028 G030100 0
028 G040100 32520
028 H000100 0
029 000100 N
030 A000100 0
030 B000100 0.00
030 C000100 0.00
034 000100 N
035 000100 0
036 B000100 0
042 A000100 0
042 B000100 16
042 C000100 0
042 D000100 84
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 11
044 000100 68
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
055 A000100 Y
055 B000100 N
056 000100 Y
<PAGE> PAGE 7
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 1000
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 98.2
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 49
063 B000100 0.0
064 A000100 Y
064 B000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
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 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 N
<PAGE> PAGE 8
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 Y
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 12
072 B000100 1177
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 151
072 G000100 0
072 H000100 0
072 I000100 30
072 J000100 2
072 K000100 19
072 L000100 2
072 M000100 5
072 N000100 9
072 O000100 0
072 P000100 0
072 Q000100 34
072 R000100 4
072 S000100 3
072 T000100 11
072 U000100 0
072 V000100 0
072 W000100 7
072 X000100 277
072 Y000100 0
072 Z000100 900
072AA000100 0
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 900
072DD020100 0
072EE000100 0
073 A010100 0.0299
<PAGE> PAGE 9
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 325
074 B000100 0
074 C000100 36708
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 500
074 K000100 0
074 L000100 309
074 M000100 9
074 N000100 37851
074 O000100 439
074 P000100 24
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 5
074 S000100 0
074 T000100 37383
074 U010100 37395
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 1.0000
074 X000100 1116
074 Y000100 0
075 A000100 30150
075 B000100 0
076 000100 0.00
014 A000201 COUNTRYWIDE INVESTMENTS, INC.
014 B000201 8-24674
014 A000202 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
014 B000202 8-72221
014 A000203 CW FUND DISTRIBUTORS, INC.
014 B000203 8-40907
015 A000201 THE FIFTH THIRD BANK
015 B000201 C
015 C010201 CINCINNATI
015 C020201 OH
015 C030201 45202
015 E010201 X
015 A000202 STATE STREET BANK AND TRUST COMPANY, N.A.
015 B000202 S
015 C010202 NEW YORK
<PAGE> PAGE 10
015 C020202 NY
015 C030202 10006
015 E010202 X
028 A010200 1537
028 A020200 181
028 A030200 0
028 A040200 1286
028 B010200 1291
028 B020200 168
028 B030200 0
028 B040200 1254
028 C010200 1411
028 C020200 181
028 C030200 0
028 C040200 1522
028 D010200 1271
028 D020200 179
028 D030200 0
028 D040200 2934
028 E010200 668
028 E020200 175
028 E030200 0
028 E040200 1896
028 F010200 1064
028 F020200 172
028 F030200 0
028 F040200 1524
028 G010200 7242
028 G020200 1056
028 G030200 0
028 G040200 10416
028 H000200 1881
029 000200 Y
030 A000200 50
030 B000200 2.00
030 C000200 0.00
031 A000200 2
031 B000200 0
032 000200 46
033 000200 2
034 000200 Y
035 000200 6
036 A000200 N
036 B000200 0
042 A000200 0
042 B000200 4
042 C000200 0
042 D000200 96
042 E000200 0
042 F000200 0
042 G000200 0
<PAGE> PAGE 11
042 H000200 0
043 000200 105
044 000200 60
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 N
055 A000200 Y
055 B000200 N
056 000200 Y
057 000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 1000
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 2.8
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 97.3
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 6.7
064 A000200 Y
064 B000200 N
070 A010200 Y
070 A020200 N
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
<PAGE> PAGE 12
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 Y
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 20969
071 B000200 26990
071 C000200 57529
071 D000200 36
072 A000200 12
072 B000200 3326
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 303
072 G000200 0
072 H000200 0
072 I000200 71
072 J000200 5
072 K000200 47
072 L000200 5
072 M000200 5
072 N000200 12
072 O000200 0
072 P000200 0
072 Q000200 52
072 R000200 7
072 S000200 3
072 T000200 105
072 U000200 0
072 V000200 0
072 W000200 22
<PAGE> PAGE 13
072 X000200 637
072 Y000200 0
072 Z000200 2689
072AA000200 520
072BB000200 16
072CC010200 121
072CC020200 0
072DD010200 2503
072DD020200 186
072EE000200 0
073 A010200 0.4996
073 A020200 0.4165
073 B000200 0.0000
073 C000200 0.0000
074 A000200 196
074 B000200 0
074 C000200 1606
074 D000200 56102
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 486
074 K000200 0
074 L000200 1065
074 M000200 13
074 N000200 59468
074 O000200 1473
074 P000200 43
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 309
074 S000200 0
074 T000200 57643
074 U010200 4758
074 U020200 427
074 V010200 11.12
074 V020200 11.12
074 W000200 0.0000
074 X000200 2704
074 Y000200 4514
075 A000200 0
075 B000200 60575
076 000200 0.00
014 A000301 COUNTRYWIDE INVESTMENTS, INC.
014 B000301 8-24674
014 A000302 CW FUND DISTRIBUTORS, INC.
014 B000302 8-40907
<PAGE> PAGE 14
015 A000301 THE FIFTH THIRD BANK
015 B000301 C
015 C010301 CINCINNATI
015 C020301 OH
015 C030301 45202
015 E010301 X
015 A000302 STATE STREET BANK AND TRUST COMPANY, N.A.
015 B000302 S
015 C010302 NEW YORK
015 C020302 NY
015 C030302 10006
015 E010302 X
028 A010300 8476
028 A020300 234
028 A030300 0
028 A040300 9141
028 B010300 7902
028 B020300 204
028 B030300 0
028 B040300 11427
028 C010300 11597
028 C020300 225
028 C030300 0
028 C040300 11035
028 D010300 10102
028 D020300 222
028 D030300 0
028 D040300 10836
028 E010300 10262
028 E020300 230
028 E030300 0
028 E040300 9631
028 F010300 18929
028 F020300 210
028 F030300 0
028 F040300 19583
028 G010300 67268
028 G020300 1325
028 G030300 0
028 G040300 71653
028 H000300 1397
029 000300 Y
030 A000300 78
030 B000300 4.00
030 C000300 0.00
031 A000300 6
031 B000300 0
032 000300 70
033 000300 2
034 000300 Y
035 000300 6
<PAGE> PAGE 15
036 A000300 N
036 B000300 0
042 A000300 0
042 B000300 10
042 C000300 0
042 D000300 90
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 48
044 000300 145
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 Y
053 B000300 Y
053 C000300 N
055 A000300 Y
055 B000300 N
056 000300 Y
057 000300 N
058 A000300 N
059 000300 Y
060 A000300 N
060 B000300 N
061 000300 1000
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 1.5
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 95.4
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 15.0
064 A000300 Y
064 B000300 N
070 A010300 Y
<PAGE> PAGE 16
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
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 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 Y
070 P010300 Y
070 P020300 Y
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 29737
071 B000300 34425
071 C000300 72939
071 D000300 41
072 A000300 12
072 B000300 4313
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 378
072 G000300 0
072 H000300 0
072 I000300 47
072 J000300 6
072 K000300 25
072 L000300 3
<PAGE> PAGE 17
072 M000300 5
072 N000300 5
072 O000300 0
072 P000300 0
072 Q000300 53
072 R000300 8
072 S000300 3
072 T000300 48
072 U000300 0
072 V000300 0
072 W000300 26
072 X000300 607
072 Y000300 1
072 Z000300 3707
072AA000300 1613
072BB000300 36
072CC010300 0
072CC020300 19
072DD010300 3489
072DD020300 218
072EE000300 469
073 A010300 0.6122
073 A020300 0.5192
073 B000300 0.0790
073 C000300 0.0000
074 A000300 22
074 B000300 0
074 C000300 1100
074 D000300 71061
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 3287
074 K000300 0
074 L000300 889
074 M000300 4
074 N000300 76363
074 O000300 1706
074 P000300 45
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 108
074 S000300 0
074 T000300 74504
074 U010300 5600
074 U020300 422
074 V010300 12.37
<PAGE> PAGE 18
074 V020300 12.37
074 W000300 0.0000
074 X000300 1628
074 Y000300 1658
075 A000300 0
075 B000300 75667
076 000300 0.00
014 A000601 COUNTRYWIDE INVESTMENTS, INC.
014 B000601 8-24674
014 A000602 BHC SECURITIES, INC.
014 B000602 8-30453
014 A000603 CW FUND DISTRIBUTORS, INC.
014 B000603 8-40907
015 A000601 THE FIFTH THIRD BANK
015 B000601 C
015 C010601 CINCINNATI
015 C020601 OH
015 C030601 45202
015 E010601 X
015 A000602 STATE STREET BANK AND TRUST COMPANY, N.A.
015 B000602 S
015 C010602 NEW YORK
015 C020602 NY
015 C030602 10006
015 E010602 X
028 A010600 85405
028 A020600 519
028 A030600 0
028 A040600 63020
028 B010600 48868
028 B020600 472
028 B030600 0
028 B040600 61784
028 C010600 61740
028 C020600 511
028 C030600 0
028 C040600 73689
028 D010600 60182
028 D020600 550
028 D030600 0
028 D040600 89433
028 E010600 50134
028 E020600 537
028 E030600 0
028 E040600 49995
028 F010600 72685
028 F020600 503
028 F030600 0
028 F040600 66673
028 G010600 379014
028 G020600 3092
<PAGE> PAGE 19
028 G030600 0
028 G040600 404594
028 H000600 0
029 000600 N
030 A000600 0
030 B000600 0.00
030 C000600 0.00
034 000600 N
035 000600 0
036 B000600 0
042 A000600 1
042 B000600 1
042 C000600 0
042 D000600 98
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 436
044 000600 82
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 Y
053 B000600 Y
053 C000600 N
055 A000600 Y
055 B000600 N
056 000600 Y
057 000600 N
058 A000600 N
059 000600 Y
060 A000600 N
060 B000600 N
061 000600 1000
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 100.6
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
<PAGE> PAGE 20
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 71
063 B000600 0.0
064 A000600 Y
064 B000600 N
070 A010600 Y
070 A020600 N
070 B010600 N
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
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 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 N
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 Y
070 P010600 Y
070 P020600 Y
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 0
071 B000600 0
071 C000600 0
071 D000600 0
072 A000600 12
072 B000600 12057
072 C000600 0
072 D000600 0
<PAGE> PAGE 21
072 E000600 0
072 F000600 1421
072 G000600 0
072 H000600 0
072 I000600 85
072 J000600 6
072 K000600 53
072 L000600 5
072 M000600 5
072 N000600 7
072 O000600 0
072 P000600 0
072 Q000600 69
072 R000600 22
072 S000600 3
072 T000600 436
072 U000600 0
072 V000600 0
072 W000600 39
072 X000600 2151
072 Y000600 54
072 Z000600 9960
072AA000600 1
072BB000600 0
072CC010600 0
072CC020600 0
072DD010600 6053
072DD020600 3907
072EE000600 0
073 A010600 0.0303
073 A020600 0.0328
073 B000600 0.0000
073 C000600 0.0000
074 A000600 0
074 B000600 0
074 C000600 322517
074 D000600 0
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 2702
074 M000600 13
074 N000600 325232
074 O000600 4103
074 P000600 161
074 Q000600 0
074 R010600 0
<PAGE> PAGE 22
074 R020600 0
074 R030600 0
074 R040600 385
074 S000600 0
074 T000600 320583
074 U010600 205303
074 U020600 115266
074 V010600 1.00
074 V020600 1.00
074 W000600 1.0002
074 X000600 2732
074 Y000600 0
075 A000600 319383
075 B000600 0
076 000600 0.00
014 A000701 COUNTRYWIDE INVESTMENTS, INC.
014 B000701 8-24674
014 A000702 CW FUND DISTRIBUTORS, INC.
014 B000702 8-40907
015 A000701 THE FIFTH THIRD BANK
015 B000701 C
015 C010701 CINCINNATI
015 C020701 OH
015 C030701 45202
015 E010701 X
015 A000702 STATE STREET BANK AND TRUST COMPANY, N.A.
015 B000702 S
015 C010702 NEW YORK
015 C020702 NY
015 C030702 10006
015 E010702 X
028 A010700 21773
028 A020700 103
028 A030700 0
028 A040700 15911
028 B010700 14337
028 B020700 92
028 B030700 0
028 B040700 13322
028 C010700 23376
028 C020700 100
028 C030700 0
028 C040700 17750
028 D010700 11238
028 D020700 101
028 D030700 0
028 D040700 22555
028 E010700 9625
028 E020700 104
028 E030700 0
028 E040700 10922
<PAGE> PAGE 23
028 F010700 11397
028 F020700 96
028 F030700 0
028 F040700 11409
028 G010700 91746
028 G020700 596
028 G030700 0
028 G040700 91869
028 H000700 0
029 000700 N
030 A000700 0
030 B000700 0.00
030 C000700 0.00
034 000700 N
035 000700 0
036 B000700 0
042 A000700 0
042 B000700 24
042 C000700 0
042 D000700 76
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 20
044 000700 86
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 N
055 A000700 Y
055 B000700 N
056 000700 Y
057 000700 N
058 A000700 N
059 000700 Y
060 A000700 N
060 B000700 N
061 000700 1000
062 A000700 Y
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 99.2
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
<PAGE> PAGE 24
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 40
063 B000700 0.0
064 A000700 Y
064 B000700 N
070 A010700 Y
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 N
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 Y
070 P010700 Y
070 P020700 Y
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 0
071 B000700 0
071 C000700 0
071 D000700 0
<PAGE> PAGE 25
072 A000700 12
072 B000700 1547
072 C000700 0
072 D000700 0
072 E000700 0
072 F000700 211
072 G000700 0
072 H000700 0
072 I000700 25
072 J000700 4
072 K000700 8
072 L000700 2
072 M000700 5
072 N000700 2
072 O000700 0
072 P000700 0
072 Q000700 34
072 R000700 5
072 S000700 3
072 T000700 20
072 U000700 0
072 V000700 0
072 W000700 8
072 X000700 327
072 Y000700 0
072 Z000700 1220
072AA000700 2
072BB000700 0
072CC010700 0
072CC020700 0
072DD010700 1220
072DD020700 0
072EE000700 0
073 A010700 0.0290
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 106
074 B000700 0
074 C000700 40698
074 D000700 0
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 503
074 M000700 2
074 N000700 41309
<PAGE> PAGE 26
074 O000700 264
074 P000700 23
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 9
074 S000700 0
074 T000700 41013
074 U010700 41014
074 U020700 0
074 V010700 1.00
074 V020700 0.00
074 W000700 1.0001
074 X000700 778
074 Y000700 0
075 A000700 42163
075 B000700 0
076 000700 0.00
014 A000801 COUNTRYWIDE INVESTMENTS, INC.
014 B000801 8-24674
014 A000802 BHC SECURITIES, INC.
014 B000802 8-30453
014 A000803 CW FUND DISTRIBUTORS, INC.
014 B000803 8-40907
015 A000801 THE HUNTINGTON TRUST COMPANY, N.A.
015 B000801 C
015 C010801 COLUMBUS
015 C020801 OH
015 C030801 43287
015 E010801 X
015 A000802 THE BANK OF NEW YORK
015 B000802 S
015 C010802 NEW YORK
015 C020802 NY
015 C030802 10286
015 E010802 X
028 A010800 11148
028 A020800 51
028 A030800 0
028 A040800 18216
028 B010800 5500
028 B020800 42
028 B030800 0
028 B040800 5108
028 C010800 5937
028 C020800 46
028 C030800 0
028 C040800 7237
028 D010800 8862
028 D020800 46
<PAGE> PAGE 27
028 D030800 0
028 D040800 14452
028 E010800 31414
028 E020800 93
028 E030800 0
028 E040800 6300
028 F010800 7155
028 F020800 93
028 F030800 0
028 F040800 12237
028 G010800 70016
028 G020800 371
028 G030800 0
028 G040800 63550
028 H000800 0
029 000800 N
030 A000800 0
030 B000800 0.00
030 C000800 0.00
034 000800 N
035 000800 0
036 B000800 0
042 A000800 0
042 B000800 5
042 C000800 0
042 D000800 95
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 39
044 000800 22
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 Y
053 B000800 Y
053 C000800 N
055 A000800 Y
055 B000800 N
056 000800 Y
057 000800 N
058 A000800 N
059 000800 Y
060 A000800 N
060 B000800 N
061 000800 1000
062 A000800 Y
062 B000800 0.0
062 C000800 0.0
<PAGE> PAGE 28
062 D000800 0.0
062 E000800 107.3
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 47
063 B000800 0.0
064 A000800 Y
064 B000800 N
070 A010800 Y
070 A020800 N
070 B010800 N
070 B020800 N
070 C010800 N
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 N
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 Y
070 P010800 Y
070 P020800 Y
<PAGE> PAGE 29
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 0
071 B000800 0
071 C000800 0
071 D000800 0
072 A000800 12
072 B000800 2062
072 C000800 0
072 D000800 0
072 E000800 0
072 F000800 277
072 G000800 0
072 H000800 0
072 I000800 24
072 J000800 14
072 K000800 10
072 L000800 1
072 M000800 5
072 N000800 1
072 O000800 0
072 P000800 0
072 Q000800 48
072 R000800 7
072 S000800 3
072 T000800 39
072 U000800 0
072 V000800 0
072 W000800 11
072 X000800 440
072 Y000800 115
072 Z000800 1737
072AA000800 25
072BB000800 2
072CC010800 0
072CC020800 0
072DD010800 587
072DD020800 1150
072EE000800 0
073 A010800 0.0298
073 A020800 0.0323
073 B000800 0.0000
073 C000800 0.0000
074 A000800 74
074 B000800 0
074 C000800 68180
074 D000800 0
074 E000800 0
074 F000800 0
<PAGE> PAGE 30
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 490
074 M000800 3
074 N000800 68747
074 O000800 5103
074 P000800 28
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 89
074 S000800 0
074 T000800 63527
074 U010800 14364
074 U020800 49141
074 V010800 1.00
074 V020800 1.00
074 W000800 1.0005
074 X000800 175
074 Y000800 0
075 A000800 55322
075 B000800 0
076 000800 0.00
014 A000901 COUNTRYWIDE INVESTMENTS, INC.
014 B000901 8-24674
014 A000902 CW FUND DISTRIBUTORS, INC.
014 B000902 8-40907
015 A000901 THE FIFTH THIRD BANK
015 B000901 C
015 C010901 CINCINNATI
015 C020901 OH
015 C030901 45202
015 E010901 X
015 A000902 STATE STREET BANK AND TRUST COMPANY, N.A.
015 B000902 S
015 C010902 NEW YORK
015 C020902 NY
015 C030902 10006
015 E010902 X
028 A010900 25
028 A020900 15
028 A030900 0
028 A040900 93
028 B010900 22
028 B020900 15
028 B030900 0
028 B040900 299
<PAGE> PAGE 31
028 C010900 121
028 C020900 17
028 C030900 0
028 C040900 68
028 D010900 42
028 D020900 17
028 D030900 0
028 D040900 117
028 E010900 63
028 E020900 18
028 E030900 0
028 E040900 84
028 F010900 5
028 F020900 16
028 F030900 0
028 F040900 141
028 G010900 278
028 G020900 98
028 G030900 0
028 G040900 802
028 H000900 81
029 000900 Y
030 A000900 14
030 B000900 4.00
030 C000900 0.00
031 A000900 1
031 B000900 0
032 000900 8
033 000900 5
034 000900 N
035 000900 0
036 B000900 0
042 A000900 0
042 B000900 100
042 C000900 0
042 D000900 0
042 E000900 0
042 F000900 0
042 G000900 0
042 H000900 0
043 000900 5
044 000900 10
049 000900 N
050 000900 N
051 000900 N
052 000900 N
053 A000900 Y
053 B000900 Y
053 C000900 N
055 A000900 Y
055 B000900 N
<PAGE> PAGE 32
056 000900 Y
057 000900 N
058 A000900 N
059 000900 Y
060 A000900 N
060 B000900 N
061 000900 1000
062 A000900 Y
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 1.4
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 101.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
063 A000900 0
063 B000900 13.2
064 A000900 Y
064 B000900 N
070 A010900 Y
070 A020900 N
070 B010900 N
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
<PAGE> PAGE 33
070 L010900 N
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 Y
070 P010900 Y
070 P020900 Y
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900 3888
071 B000900 4688
071 C000900 7708
071 D000900 50
072 A000900 10
072 B000900 338
072 C000900 0
072 D000900 0
072 E000900 0
072 F000900 32
072 G000900 0
072 H000900 0
072 I000900 10
072 J000900 3
072 K000900 2
072 L000900 1
072 M000900 4
072 N000900 0
072 O000900 0
072 P000900 0
072 Q000900 28
072 R000900 3
072 S000900 3
072 T000900 5
072 U000900 5
072 V000900 0
072 W000900 4
072 X000900 100
072 Y000900 68
072 Z000900 306
072AA000900 109
072BB000900 0
072CC010900 52
072CC020900 0
072DD010900 306
072DD020900 0
072EE000900 0
<PAGE> PAGE 34
073 A010900 0.4115
073 A020900 0.0000
073 B000900 0.0000
073 C000900 0.0000
074 A000900 39
074 B000900 0
074 C000900 100
074 D000900 7407
074 E000900 0
074 F000900 0
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 0
074 K000900 1
074 L000900 132
074 M000900 15
074 N000900 7694
074 O000900 345
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 19
074 S000900 0
074 T000900 7330
074 U010900 701
074 U020900 0
074 V010900 10.46
074 V020900 0.00
074 W000900 0.0000
074 X000900 172
074 Y000900 1137
075 A000900 0
075 B000900 7775
076 000900 0.00
SIGNATURE JOHN F. SPLAIN
TITLE SECRETARY
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000352667
<NAME> COUNTRYWIDE TAX FREE TRUST
<SERIES>
<NUMBER> 1
<NAME> TAX-FREE MONEY FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 36,707,536
<INVESTMENTS-AT-VALUE> 36,707,536
<RECEIVABLES> 809,049
<ASSETS-OTHER> 325,444
<OTHER-ITEMS-ASSETS> 8,908
<TOTAL-ASSETS> 37,850,937
<PAYABLE-FOR-SECURITIES> 438,641
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,853
<TOTAL-LIABILITIES> 467,494
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 37,384,479
<SHARES-COMMON-STOCK> 37,394,922
<SHARES-COMMON-PRIOR> 30,137,162
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,036)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 37,383,443
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,176,743
<OTHER-INCOME> 0
<EXPENSES-NET> 277,252
<NET-INVESTMENT-INCOME> 899,491
<REALIZED-GAINS-CURRENT> 7
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 899,498
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 899,491
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 63,515,504
<NUMBER-OF-SHARES-REDEEMED> 57,142,444
<SHARES-REINVESTED> 884,700
<NET-CHANGE-IN-ASSETS> 7,257,767
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,043)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 150,790
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 277,252
<AVERAGE-NET-ASSETS> 30,149,769
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .030
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .030
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .92%
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000352667
<NAME> COUNTRYWIDE TAX FREE TRUST
<SERIES>
<NUMBER> 21
<NAME> TAX-FREE INTERMEDIATE TERM FUND CLASS A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 55,269,289
<INVESTMENTS-AT-VALUE> 57,707,503
<RECEIVABLES> 1,550,973
<ASSETS-OTHER> 196,257
<OTHER-ITEMS-ASSETS> 13,430
<TOTAL-ASSETS> 59,468,163
<PAYABLE-FOR-SECURITIES> 1,472,824
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 352,352
<TOTAL-LIABILITIES> 1,825,176
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 56,200,982
<SHARES-COMMON-STOCK> 4,757,501
<SHARES-COMMON-PRIOR> 5,313,679
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (996,209)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,438,214
<NET-ASSETS> 52,896,431
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,326,159
<OTHER-INCOME> 0
<EXPENSES-NET> 637,052
<NET-INVESTMENT-INCOME> 2,689,107
<REALIZED-GAINS-CURRENT> 504,427
<APPREC-INCREASE-CURRENT> 120,496
<NET-CHANGE-FROM-OPS> 3,314,030
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,502,901
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,116,388
<NUMBER-OF-SHARES-REDEEMED> 1,853,155
<SHARES-REINVESTED> 180,589
<NET-CHANGE-IN-ASSETS> (5,588,445)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,500,636)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 302,947
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 637,052
<AVERAGE-NET-ASSETS> 55,613,284
<PER-SHARE-NAV-BEGIN> 11.01
<PER-SHARE-NII> .50
<PER-SHARE-GAIN-APPREC> .11
<PER-SHARE-DIVIDEND> .50
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.12
<EXPENSE-RATIO> .99%
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000352667
<NAME> COUNTRYWIDE TAX FREE TRUST
<SERIES>
<NUMBER> 23
<NAME> TAX-FREE INTERMEDIATE TERM FUND CLASS C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 55,269,289
<INVESTMENTS-AT-VALUE> 57,707,503
<RECEIVABLES> 1,550,973
<ASSETS-OTHER> 196,257
<OTHER-ITEMS-ASSETS> 13,430
<TOTAL-ASSETS> 59,468,163
<PAYABLE-FOR-SECURITIES> 1,472,824
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 352,352
<TOTAL-LIABILITIES> 1,825,176
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 56,200,982
<SHARES-COMMON-STOCK> 426,820
<SHARES-COMMON-PRIOR> 468,857
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (996,209)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,438,214
<NET-ASSETS> 4,746,556
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,326,159
<OTHER-INCOME> 0
<EXPENSES-NET> 637,052
<NET-INVESTMENT-INCOME> 2,689,107
<REALIZED-GAINS-CURRENT> 504,427
<APPREC-INCREASE-CURRENT> 120,496
<NET-CHANGE-FROM-OPS> 3,314,030
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 186,206
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 160,180
<NUMBER-OF-SHARES-REDEEMED> 217,791
<SHARES-REINVESTED> 15,574
<NET-CHANGE-IN-ASSETS> (414,735)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,500,636)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 302,947
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 637,052
<AVERAGE-NET-ASSETS> 4,961,322
<PER-SHARE-NAV-BEGIN> 11.01
<PER-SHARE-NII> .42
<PER-SHARE-GAIN-APPREC> .11
<PER-SHARE-DIVIDEND> .42
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.12
<EXPENSE-RATIO> 1.74%
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000352667
<NAME> COUNTRYWIDE TAX FREE TRUST
<SERIES>
<NUMBER> 31
<NAME> OHIO INSURED TAX-FREE FUND CLASS A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 67,480,117
<INVESTMENTS-AT-VALUE> 72,161,280
<RECEIVABLES> 4,176,076
<ASSETS-OTHER> 21,861
<OTHER-ITEMS-ASSETS> 4,090
<TOTAL-ASSETS> 76,363,307
<PAYABLE-FOR-SECURITIES> 1,706,334
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 153,129
<TOTAL-LIABILITIES> 1,859,463
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 68,581,109
<SHARES-COMMON-STOCK> 5,599,945
<SHARES-COMMON-PRIOR> 5,794,738
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,241,572
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,681,163
<NET-ASSETS> 69,289,212
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,313,747
<OTHER-INCOME> 0
<EXPENSES-NET> 606,427
<NET-INVESTMENT-INCOME> 3,707,320
<REALIZED-GAINS-CURRENT> 1,576,938
<APPREC-INCREASE-CURRENT> (19,066)
<NET-CHANGE-FROM-OPS> 5,265,192
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,489,518
<DISTRIBUTIONS-OF-GAINS> 434,273
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,401,093
<NUMBER-OF-SHARES-REDEEMED> 11,832,144
<SHARES-REINVESTED> 236,258
<NET-CHANGE-IN-ASSETS> (1,526,969)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 133,718
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 378,345
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 607,375
<AVERAGE-NET-ASSETS> 70,476,972
<PER-SHARE-NAV-BEGIN> 12.22
<PER-SHARE-NII> .61
<PER-SHARE-GAIN-APPREC> .23
<PER-SHARE-DIVIDEND> .61
<PER-SHARE-DISTRIBUTIONS> .08
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.37
<EXPENSE-RATIO> .75%
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000352667
<NAME> COUNTRYWIDE TAX FREE TRUST
<SERIES>
<NUMBER> 33
<NAME> OHIO INSURED TAX-FREE FUND CLASS C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 67,480,117
<INVESTMENTS-AT-VALUE> 72,161,280
<RECEIVABLES> 4,176,076
<ASSETS-OTHER> 21,861
<OTHER-ITEMS-ASSETS> 4,090
<TOTAL-ASSETS> 76,363,307
<PAYABLE-FOR-SECURITIES> 1,706,334
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 153,129
<TOTAL-LIABILITIES> 1,859,463
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 68,581,109
<SHARES-COMMON-STOCK> 421,552
<SHARES-COMMON-PRIOR> 379,664
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,241,572
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,681,163
<NET-ASSETS> 5,214,632
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,313,747
<OTHER-INCOME> 0
<EXPENSES-NET> 606,427
<NET-INVESTMENT-INCOME> 3,707,320
<REALIZED-GAINS-CURRENT> 1,576,938
<APPREC-INCREASE-CURRENT> (19,066)
<NET-CHANGE-FROM-OPS> 5,265,192
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 217,802
<DISTRIBUTIONS-OF-GAINS> 34,811
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 206,187
<NUMBER-OF-SHARES-REDEEMED> 181,289
<SHARES-REINVESTED> 16,990
<NET-CHANGE-IN-ASSETS> 575,626
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 133,718
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 378,345
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 607,375
<AVERAGE-NET-ASSETS> 5,189,585
<PER-SHARE-NAV-BEGIN> 12.22
<PER-SHARE-NII> .52
<PER-SHARE-GAIN-APPREC> .23
<PER-SHARE-DIVIDEND> .52
<PER-SHARE-DISTRIBUTIONS> .08
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.37
<EXPENSE-RATIO> 1.50%
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000352667
<NAME> COUNTRYWIDE TAX FREE TRUST
<SERIES>
<NUMBER> 61
<NAME> OHIO TAX-FREE MONEY FUND RETAIL SHARES
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 322,516,570
<INVESTMENTS-AT-VALUE> 322,516,570
<RECEIVABLES> 2,701,856
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 13,706
<TOTAL-ASSETS> 325,232,132
<PAYABLE-FOR-SECURITIES> 4,103,340
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 546,281
<TOTAL-LIABILITIES> 4,649,621
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 320,568,987
<SHARES-COMMON-STOCK> 205,302,700
<SHARES-COMMON-PRIOR> 166,706,384
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13,524
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 205,316,016
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 12,057,007
<OTHER-INCOME> 0
<EXPENSES-NET> 2,096,776
<NET-INVESTMENT-INCOME> 9,960,231
<REALIZED-GAINS-CURRENT> 573
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 9,960,804
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,053,491
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 443,151,458
<NUMBER-OF-SHARES-REDEEMED> 410,526,902
<SHARES-REINVESTED> 5,971,760
<NET-CHANGE-IN-ASSETS> 38,596,990
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 12,951
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,421,029
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,151,435
<AVERAGE-NET-ASSETS> 200,011,449
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .030
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .030
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .75%
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000352667
<NAME> COUNTRYWIDE TAX FREE TRUST
<SERIES>
<NUMBER> 62
<NAME> OHIO TAX-FREE MONEY FUND INSTITUTIONAL SHARES
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 322,516,570
<INVESTMENTS-AT-VALUE> 322,516,570
<RECEIVABLES> 2,701,856
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 13,706
<TOTAL-ASSETS> 325,232,132
<PAYABLE-FOR-SECURITIES> 4,103,340
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 546,281
<TOTAL-LIABILITIES> 4,649,621
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 320,568,987
<SHARES-COMMON-STOCK> 115,266,287
<SHARES-COMMON-PRIOR> 97,588,321
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13,524
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 115,266,495
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 12,057,007
<OTHER-INCOME> 0
<EXPENSES-NET> 2,096,776
<NET-INVESTMENT-INCOME> 9,960,231
<REALIZED-GAINS-CURRENT> 573
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 9,960,804
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,906,740
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 303,525,174
<NUMBER-OF-SHARES-REDEEMED> 285,849,088
<SHARES-REINVESTED> 1,880
<NET-CHANGE-IN-ASSETS> 17,677,865
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 12,951
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,421,029
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,151,435
<AVERAGE-NET-ASSETS> 119,371,893
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .033
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .033
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .50%
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000352667
<NAME> COUNTRYWIDE TAX FREE TRUST
<SERIES>
<NUMBER> 7
<NAME> CALIFORNIA TAX-FREE MONEY FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 40,697,653
<INVESTMENTS-AT-VALUE> 40,697,653
<RECEIVABLES> 503,229
<ASSETS-OTHER> 105,757
<OTHER-ITEMS-ASSETS> 2,348
<TOTAL-ASSETS> 41,308,987
<PAYABLE-FOR-SECURITIES> 264,008
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 32,147
<TOTAL-LIABILITIES> 296,155
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 41,014,335
<SHARES-COMMON-STOCK> 41,014,335
<SHARES-COMMON-PRIOR> 32,189,814
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,503)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 41,012,832
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,546,509
<OTHER-INCOME> 0
<EXPENSES-NET> 326,737
<NET-INVESTMENT-INCOME> 1,219,772
<REALIZED-GAINS-CURRENT> 2,000
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,221,772
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,219,772
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 178,294,681
<NUMBER-OF-SHARES-REDEEMED> 170,609,136
<SHARES-REINVESTED> 1,138,976
<NET-CHANGE-IN-ASSETS> 8,826,521
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (3,503)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 210,813
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 326,737
<AVERAGE-NET-ASSETS> 42,162,620
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .029
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .029
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .77%
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000352667
<NAME> COUNTRYWIDE TAX FREE TRUST
<SERIES>
<NUMBER> 81
<NAME> FLORIDA TAX-FREE MONEY FUND RETAIL
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 68,180,277
<INVESTMENTS-AT-VALUE> 68,180,277
<RECEIVABLES> 489,684
<ASSETS-OTHER> 73,888
<OTHER-ITEMS-ASSETS> 2,925
<TOTAL-ASSETS> 68,746,774
<PAYABLE-FOR-SECURITIES> 5,102,873
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 117,205
<TOTAL-LIABILITIES> 5,220,078
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63,504,408
<SHARES-COMMON-STOCK> 14,363,852
<SHARES-COMMON-PRIOR> 22,434,902
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 22,288
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 14,367,574
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,062,394
<OTHER-INCOME> 0
<EXPENSES-NET> 325,861
<NET-INVESTMENT-INCOME> 1,736,533
<REALIZED-GAINS-CURRENT> 23,116
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,759,649
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 586,926
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27,490,101
<NUMBER-OF-SHARES-REDEEMED> 36,138,595
<SHARES-REINVESTED> 577,444
<NET-CHANGE-IN-ASSETS> (8,066,335)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (828)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 276,608
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 440,620
<AVERAGE-NET-ASSETS> 19,701,334
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .030
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .030
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .75%
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000352667
<NAME> COUNTRYWIDE TAX FREE TRUST
<SERIES>
<NUMBER> 82
<NAME> FLORIDA TAX-FREE MONEY FUND INSTITUTIONAL
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 68,180,277
<INVESTMENTS-AT-VALUE> 68,180,277
<RECEIVABLES> 489,684
<ASSETS-OTHER> 73,888
<OTHER-ITEMS-ASSETS> 2,925
<TOTAL-ASSETS> 68,746,774
<PAYABLE-FOR-SECURITIES> 5,102,873
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 117,205
<TOTAL-LIABILITIES> 5,220,078
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63,504,408
<SHARES-COMMON-STOCK> 49,140,556
<SHARES-COMMON-PRIOR> 19,348,390
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 22,288
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 49,159,122
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,062,394
<OTHER-INCOME> 0
<EXPENSES-NET> 325,861
<NET-INVESTMENT-INCOME> 1,736,533
<REALIZED-GAINS-CURRENT> 23,116
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,759,649
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,149,607
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 129,691,125
<NUMBER-OF-SHARES-REDEEMED> 100,005,326
<SHARES-REINVESTED> 106,367
<NET-CHANGE-IN-ASSETS> 29,810,567
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (828)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 276,608
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 440,620
<AVERAGE-NET-ASSETS> 35,620,529
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .032
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .032
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .50%
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000352667
<NAME> COUNTRYWIDE TAX FREE TRUST
<SERIES>
<NUMBER> 9
<NAME> KENTUCKY TAX-FREE FUND
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 7,363,205
<INVESTMENTS-AT-VALUE> 7,506,941
<RECEIVABLES> 133,333
<ASSETS-OTHER> 39,027
<OTHER-ITEMS-ASSETS> 14,955
<TOTAL-ASSETS> 7,694,256
<PAYABLE-FOR-SECURITIES> 344,806
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 19,620
<TOTAL-LIABILITIES> 364,426
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,072,889
<SHARES-COMMON-STOCK> 700,507
<SHARES-COMMON-PRIOR> 822,742
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 113,205
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 143,736
<NET-ASSETS> 7,329,830
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 337,659
<OTHER-INCOME> 0
<EXPENSES-NET> 31,308
<NET-INVESTMENT-INCOME> 306,351
<REALIZED-GAINS-CURRENT> 109,080
<APPREC-INCREASE-CURRENT> 51,636
<NET-CHANGE-FROM-OPS> 467,067
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 306,351
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 43,967
<NUMBER-OF-SHARES-REDEEMED> 181,304
<SHARES-REINVESTED> 15,102
<NET-CHANGE-IN-ASSETS> (1,107,802)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 4,125
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 32,172
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 99,816
<AVERAGE-NET-ASSETS> 7,775,272
<PER-SHARE-NAV-BEGIN> 10.26
<PER-SHARE-NII> .41
<PER-SHARE-GAIN-APPREC> .20
<PER-SHARE-DIVIDEND> .41
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.46
<EXPENSE-RATIO> .49%
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>