<PAGE> PAGE 1
000 A000000 03/31/97
000 C000000 355743
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 LENED, INC.
001 B000000 811-03273
001 C000000 2127130548
002 A000000 15 W 53RD STREET, C/O JOSEPH FLUSFEDER
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10019
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
020 A000001 SMITH BARNEY
020 B000001 13-2869611
020 C000001 0
020 A000002 CHASE
020 B000002 13-5527302
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 SMITH BARNEY
022 B000001 13-2869611
022 C000001 0
022 D000001 0
<PAGE> PAGE 2
022 A000002 CHEMICAL BANK
022 B000002 13-5527302
022 C000002 65
022 D000002 120
022 C000003 0
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 65
023 D000000 120
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 15.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 85.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 5.7
066 A000000 N
071 A000000 65
071 B000000 120
071 C000000 1753
071 D000000 4
072 A000000 6
072 B000000 50
072 C000000 0
072 D000000 0
<PAGE> PAGE 3
072 E000000 0
072 F000000 0
072 G000000 0
072 H000000 0
072 I000000 0
072 J000000 1
072 K000000 0
072 L000000 0
072 M000000 0
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 4
072 R000000 1
072 S000000 2
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 1
072 X000000 9
072 Y000000 0
072 Z000000 41
072AA000000 1
072BB000000 0
072CC010000 0
072CC020000 8
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 1
074 B000000 0
074 C000000 308
074 D000000 1496
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 0
074 M000000 1
074 N000000 1806
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
<PAGE> PAGE 4
074 R020000 0
074 R030000 0
074 R040000 6
074 S000000 0
074 T000000 1800
074 U010000 18960
074 U020000 0
074 V010000 94.88
074 V020000 0.00
074 W000000 0.0000
074 X000000 0
074 Y000000 0
075 A000000 1795
075 B000000 0
076 000000 0.00
077 A000000 Y
077 Q010000 Y
SIGNATURE JOSEPH FLUSFEDER
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM SIX MONTHS ENDED MARCH 31, 1997 AND IS QULAIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1997<F1>
<PERIOD-START> OCT-01-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 1712840<F2>
<INVESTMENTS-AT-VALUE> 1763815<F3>
<RECEIVABLES> 0
<ASSETS-OTHER> 42192
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1806007
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6610
<TOTAL-LIABILITIES> 6610
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 167232<F4>
<SHARES-COMMON-STOCK> 18960
<SHARES-COMMON-PRIOR> 18960
<ACCUMULATED-NII-CURRENT> 42032
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 20931
<NET-ASSETS> 1799397
<DIVIDEND-INCOME> 864
<INTEREST-INCOME> 49381
<OTHER-INCOME> 0
<EXPENSES-NET> 8985
<NET-INVESTMENT-INCOME> 41260
<REALIZED-GAINS-CURRENT> 832
<APPREC-INCREASE-CURRENT> (8351)
<NET-CHANGE-FROM-OPS> 33681
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 33681
<ACCUMULATED-NII-PRIOR> 42032
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8985
<AVERAGE-NET-ASSETS> 1794882
<PER-SHARE-NAV-BEGIN> 93.13
<PER-SHARE-NII> 2.17
<PER-SHARE-GAIN-APPREC> (.40)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 94.90
<EXPENSE-RATIO> .028
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 1996 ARE
INCORPORATED HEREIN BY REFERENCE
<F2>INVESTMENTS AT COST INCLUDES AMORTIZED COST
<F3>INVESTMENTS AT VALUE INCLUDE ACCRUED INTEREST RECEIVABLE
<F4>PAID IN CAPITAL COMMON INCLUDES COMMON STOCK AND PAID IN CAPITAL
</FN>
</TABLE>