<PAGE> PAGE 1
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000 C000000 0000355988
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001 A000000 STATE BOND MONEY FUNDS, INC.
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011 A00AA01 SBM FINANCIAL SERVICES, INC.
011 B00AA01 8-14810
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012 A00AA01 SBM FINANCIAL SERVICES, INC.
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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 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
SIGNATURE KEVIN L. HOWARD
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE SEMI
ANNUAL REPORT TO SHAREHOLDERS FOR THE STATE BOND CASH MANAGEMENT FUND AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000355988
<NAME> STATE BOND MONEY FUNDS, INC.
<SERIES>
<NUMBER> 1
<NAME> STATE BOND CASH MANAGEMENT FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-START> AUG-01-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 2,978,869
<INVESTMENTS-AT-VALUE> 2,978,869
<RECEIVABLES> 6,591
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<OTHER-ITEMS-LIABILITIES> 11,780
<TOTAL-LIABILITIES> 11,780
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,974,514
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<SHARES-COMMON-PRIOR> 2,717,624
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<DISTRIBUTIONS-OF-INCOME> 68,385
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</TABLE>
