<PAGE> PAGE 1
000 A000000 09/30/96
000 C000000 0000356555
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 USAA TAX EXEMPT FUND, INC.
001 B000000 811-3333
001 C000000 2104984876
002 A000000 10750 ROBERT F. MCDERMOTT FREEWAY
002 B000000 SAN ANTONIO
002 C000000 TX
002 D010000 78288
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 10
007 C010100 1
007 C020100 LONG-TERM FUND
007 C030100 N
007 C010200 2
007 C020200 INTERMEDIATE-TERM FUND
007 C030200 N
007 C010300 3
007 C020300 SHORT-TERM FUND
007 C030300 N
007 C010400 4
007 C020400 TAX EXEMPT MONEY MARKET FUND
007 C030400 N
007 C010500 5
007 C020500 CALIFORNIA BOND FUND
007 C030500 N
007 C010600 6
007 C020600 CALIFORNIA MONEY MARKET FUND
007 C030600 N
007 C010700 7
007 C020700 NEW YORK BOND FUND
007 C030700 N
007 C010800 8
007 C020800 NEW YORK MONEY MARKET FUND
007 C030800 N
007 C010900 9
007 C020900 VIRGINIA BOND FUND
007 C030900 N
007 C011000 10
007 C021000 VIRGINIA MONEY MARKET FUND
<PAGE> PAGE 2
007 C031000 N
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 33
019 C00AA00 USAAINVMCO
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 PAINE WEBBER INCORPORATED
022 B000001 13-2638166
022 C000001 320218
022 D000001 285671
022 A000002 SMITH BARNEY INC.
022 B000002 13-1912900
022 C000002 405712
022 D000002 163397
022 A000003 MORGAN STANLEY & CO. INCORPORATED
022 B000003 13-2655998
022 C000003 305435
022 D000003 261185
022 A000004 CITICORP SECURITIES INC.
022 B000004 13-2771536
022 C000004 283182
022 D000004 275100
022 A000005 MORGAN J.P. SECURITIES INC.
022 B000005 13-3224016
022 C000005 358341
022 D000005 180951
022 A000006 BT SECURITIES CORPORATION
022 B000006 13-3311934
022 C000006 303560
022 D000006 162885
022 A000007 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000007 13-5674085
022 C000007 318458
022 D000007 48214
022 A000008 LEHMAN BROTHERS, INC.
022 B000008 13-2518466
022 C000008 193964
022 D000008 68411
022 A000009 BEAR, STEARNS & CO. INC.
022 B000009 13-3299429
022 C000009 164144
<PAGE> PAGE 3
022 D000009 29954
022 A000010 FIRST CHICAGO CAPITAL MARKETS, INC.
022 B000010 36-3595942
022 C000010 120700
022 D000010 35000
023 C000000 5723924
023 D000000 4024934
027 000000 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
077 A000000 N
078 000000 N
028 A010100 85327
028 A020100 6808
028 A030100 0
028 A040100 91070
028 B010100 75308
028 B020100 6374
028 B030100 0
028 B040100 58516
028 C010100 50471
028 C020100 5985
028 C030100 0
028 C040100 22035
028 D010100 61368
028 D020100 6831
028 D030100 0
028 D040100 88671
028 E010100 36976
028 E020100 6264
028 E030100 0
028 E040100 54105
028 F010100 81487
028 F020100 6678
028 F030100 0
028 F040100 57551
028 G010100 390937
028 G020100 38940
028 G030100 0
028 G040100 371948
028 H000100 0
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 2.6
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
<PAGE> PAGE 4
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 96.9
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 23.3
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
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 330354
<PAGE> PAGE 5
071 B000100 304135
071 C000100 1787008
071 D000100 17
072 A000100 6
072 B000100 58783
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 2569
072 G000100 0
072 H000100 0
072 I000100 518
072 J000100 128
072 K000100 53
072 L000100 25
072 M000100 2
072 N000100 95
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 17
072 S000100 3
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 25
072 X000100 3435
072 Y000100 0
072 Z000100 55348
072AA000100 0
072BB000100 980
072CC010100 14075
072CC020100 0
072DD010100 55348
072DD020100 0
072EE000100 0
073 A010100 0.3964
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 640
074 B000100 0
074 C000100 48423
074 D000100 1817061
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 39960
074 K000100 0
<PAGE> PAGE 6
074 L000100 31507
074 M000100 0
074 N000100 1937591
074 O000100 58303
074 P000100 508
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 3640
074 S000100 0
074 T000100 1875140
074 U010100 141403
074 U020100 0
074 V010100 13.26
074 V020100 0.00
074 W000100 0.0000
074 X000100 37170
074 Y000100 0
075 A000100 0
075 B000100 1828895
076 000100 0.00
028 A010200 19725
028 A020200 6353
028 A030200 0
028 A040200 24573
028 B010200 14732
028 B020200 5957
028 B030200 0
028 B040200 17838
028 C010200 17194
028 C020200 5575
028 C030200 0
028 C040200 16599
028 D010200 21843
028 D020200 6398
028 D030200 0
028 D040200 27024
028 E010200 18015
028 E020200 6018
028 E030200 0
028 E040200 14669
028 F010200 15023
028 F020200 6234
028 F030200 0
028 F040200 14275
028 G010200 106532
028 G020200 36535
028 G030200 0
028 G040200 114978
028 H000200 0
<PAGE> PAGE 7
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 1.3
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 97.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 9.3
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
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
<PAGE> PAGE 8
070 O020200 Y
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 219978
071 B000200 222794
071 C000200 1631770
071 D000200 13
072 A000200 6
072 B000200 50593
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 2327
072 G000200 0
072 H000200 0
072 I000200 519
072 J000200 120
072 K000200 52
072 L000200 24
072 M000200 2
072 N000200 25
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 17
072 S000200 3
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 19
072 X000200 3108
072 Y000200 0
072 Z000200 47485
072AA000200 0
072BB000200 1939
072CC010200 4236
072CC020200 0
072DD010200 47485
072DD020200 0
072EE000200 0
073 A010200 0.3639
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 10684
074 B000200 0
074 C000200 22345
<PAGE> PAGE 9
074 D000200 1639623
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 14746
074 K000200 0
074 L000200 25256
074 M000200 0
074 N000200 1712654
074 O000200 19300
074 P000200 473
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 2456
074 S000200 0
074 T000200 1690425
074 U010200 132173
074 U020200 0
074 V010200 12.79
074 V020200 0.00
074 W000200 0.0000
074 X000200 37235
074 Y000200 0
075 A000200 0
075 B000200 1659145
076 000200 0.00
028 A010300 21632
028 A020300 2626
028 A030300 0
028 A040300 30376
028 B010300 20189
028 B020300 2472
028 B030300 0
028 B040300 23924
028 C010300 23745
028 C020300 2264
028 C030300 0
028 C040300 21843
028 D010300 24056
028 D020300 2566
028 D030300 0
028 D040300 23256
028 E010300 22796
028 E020300 2548
028 E030300 0
028 E040300 20078
028 F010300 20653
<PAGE> PAGE 10
028 F020300 2560
028 F030300 0
028 F040300 17506
028 G010300 133071
028 G020300 15036
028 G030300 0
028 G040300 136983
028 H000300 0
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 20.1
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 78.5
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 2.8
064 A000300 Y
064 B000300 N
071 A000300 99167
071 B000300 100813
071 C000300 616379
071 D000300 16
072 A000300 6
072 B000300 19603
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 1080
072 G000300 0
072 H000300 0
072 I000300 310
072 J000300 84
072 K000300 35
072 L000300 21
072 M000300 2
072 N000300 22
072 O000300 0
072 P000300 0
072 Q000300 0
<PAGE> PAGE 11
072 R000300 17
072 S000300 3
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 11
072 X000300 1585
072 Y000300 0
072 Z000300 18018
072AA000300 0
072BB000300 412
072CC010300 222
072CC020300 0
072DD010300 18018
072DD020300 0
072EE000300 0
073 A010300 0.2471
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 13509
074 B000300 0
074 C000300 157970
074 D000300 615759
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 10440
074 M000300 0
074 N000300 797678
074 O000300 11182
074 P000300 231
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 1311
074 S000300 0
074 T000300 784954
074 U010300 74250
074 U020300 0
074 V010300 10.57
074 V020300 0.00
074 W000300 0.0000
074 X000300 21777
074 Y000300 0
075 A000300 0
<PAGE> PAGE 12
075 B000300 769628
076 000300 0.00
028 A010400 183045
028 A020400 4033
028 A030400 0
028 A040400 216683
028 B010400 150272
028 B020400 4070
028 B030400 0
028 B040400 157898
028 C010400 98626
028 C020400 3441
028 C030400 0
028 C040400 137808
028 D010400 181249
028 D020400 3777
028 D030400 0
028 D040400 156907
028 E010400 134447
028 E020400 3806
028 E030400 0
028 E040400 116675
028 F010400 133967
028 F020400 3949
028 F030400 0
028 F040400 168048
028 G010400 881606
028 G020400 23076
028 G030400 0
028 G040400 954019
028 H000400 0
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 99.9
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
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 61
063 B000400 0.0
<PAGE> PAGE 13
064 A000400 Y
064 B000400 N
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
072 A000400 6
072 B000400 27362
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 2085
072 G000400 0
072 H000400 0
072 I000400 484
072 J000400 180
072 K000400 80
072 L000400 45
072 M000400 2
072 N000400 33
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 17
072 S000400 3
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 20
072 X000400 2949
072 Y000400 0
072 Z000400 24413
072AA000400 0
072BB000400 0
072CC010400 0
072CC020400 0
072DD010400 24413
072DD020400 0
072EE000400 0
073 A010400 0.0164
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 7928
074 B000400 0
074 C000400 1478819
074 D000400 0
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
<PAGE> PAGE 14
074 I000400 0
074 J000400 10015
074 K000400 0
074 L000400 10193
074 M000400 0
074 N000400 1506955
074 O000400 22579
074 P000400 428
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 4109
074 S000400 0
074 T000400 1479839
074 U010400 1479839
074 U020400 0
074 V010400 1.00
074 V020400 0.00
074 W000400 0.9999
074 X000400 34881
074 Y000400 0
075 A000400 1484672
075 B000400 0
076 000400 0.00
028 A010500 5423
028 A020500 1454
028 A030500 0
028 A040500 5881
028 B010500 5120
028 B020500 1366
028 B030500 0
028 B040500 5224
028 C010500 4763
028 C020500 1279
028 C030500 0
028 C040500 4126
028 D010500 8794
028 D020500 1482
028 D030500 0
028 D040500 3489
028 E010500 5054
028 E020500 1362
028 E030500 0
028 E040500 3650
028 F010500 4117
028 F020500 1453
028 F030500 0
028 F040500 3836
028 G010500 33271
028 G020500 8396
<PAGE> PAGE 15
028 G030500 0
028 G040500 26206
028 H000500 0
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.5
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 98.8
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 21.2
064 A000500 Y
064 B000500 N
071 A000500 63388
071 B000500 46498
071 C000500 408944
071 D000500 11
072 A000500 6
072 B000500 12982
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 667
072 G000500 0
072 H000500 0
072 I000500 116
072 J000500 48
072 K000500 12
072 L000500 7
072 M000500 2
072 N000500 5
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 13
072 S000500 4
072 T000500 0
072 U000500 0
072 V000500 0
<PAGE> PAGE 16
072 W000500 8
072 X000500 882
072 Y000500 0
072 Z000500 12100
072AA000500 669
072BB000500 0
072CC010500 5329
072CC020500 0
072DD010500 12100
072DD020500 0
072EE000500 0
073 A010500 0.3043
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 141
074 B000500 0
074 C000500 2200
074 D000500 425328
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 6916
074 M000500 0
074 N000500 434585
074 O000500 3027
074 P000500 132
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 787
074 S000500 0
074 T000500 430639
074 U010500 40724
074 U020500 0
074 V010500 10.57
074 V020500 0.00
074 W000500 0.0000
074 X000500 8412
074 Y000500 0
075 A000500 0
075 B000500 415005
076 000500 0.00
028 A010600 23053
028 A020600 766
028 A030600 0
<PAGE> PAGE 17
028 A040600 34321
028 B010600 40530
028 B020600 797
028 B030600 0
028 B040600 20162
028 C010600 33071
028 C020600 697
028 C030600 0
028 C040600 31233
028 D010600 28900
028 D020600 752
028 D030600 0
028 D040600 32822
028 E010600 32453
028 E020600 744
028 E030600 0
028 E040600 29960
028 F010600 23867
028 F020600 796
028 F030600 0
028 F040600 19558
028 G010600 181874
028 G020600 4552
028 G030600 0
028 G040600 168056
028 H000600 0
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 102.1
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
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 51
063 B000600 0.0
064 A000600 Y
064 B000600 N
071 A000600 0
071 B000600 0
071 C000600 0
<PAGE> PAGE 18
071 D000600 0
072 A000600 6
072 B000600 5580
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 489
072 G000600 0
072 H000600 0
072 I000600 100
072 J000600 53
072 K000600 12
072 L000600 9
072 M000600 2
072 N000600 8
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 13
072 S000600 4
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 5
072 X000600 695
072 Y000600 0
072 Z000600 4885
072AA000600 0
072BB000600 0
072CC010600 0
072CC020600 0
072DD010600 4885
072DD020600 0
072EE000600 0
073 A010600 0.0161
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 746
074 B000600 0
074 C000600 321463
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 1763
074 M000600 0
<PAGE> PAGE 19
074 N000600 323972
074 O000600 8561
074 P000600 99
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 593
074 S000600 0
074 T000600 314719
074 U010600 314719
074 U020600 0
074 V010600 1.00
074 V020600 0.00
074 W000600 1.0000
074 X000600 7213
074 Y000600 0
075 A000600 303924
075 B000600 0
076 000600 0.00
028 A010700 941
028 A020700 215
028 A030700 0
028 A040700 713
028 B010700 655
028 B020700 206
028 B030700 0
028 B040700 508
028 C010700 1963
028 C020700 192
028 C030700 0
028 C040700 550
028 D010700 588
028 D020700 218
028 D030700 0
028 D040700 1922
028 E010700 799
028 E020700 200
028 E030700 0
028 E040700 1012
028 F010700 521
028 F020700 211
028 F030700 0
028 F040700 590
028 G010700 5467
028 G020700 1242
028 G030700 0
028 G040700 5295
028 H000700 0
062 A000700 Y
062 B000700 0.0
<PAGE> PAGE 20
062 C000700 0.0
062 D000700 0.0
062 E000700 0.4
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 98.3
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
063 B000700 22.9
064 A000700 Y
064 B000700 N
071 A000700 16103
071 B000700 15786
071 C000700 53605
071 D000700 29
072 A000700 6
072 B000700 1750
072 C000700 0
072 D000700 0
072 E000700 0
072 F000700 123
072 G000700 0
072 H000700 0
072 I000700 22
072 J000700 20
072 K000700 2
072 L000700 1
072 M000700 2
072 N000700 1
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 8
072 S000700 4
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 2
072 X000700 185
072 Y000700 47
072 Z000700 1612
072AA000700 0
<PAGE> PAGE 21
072BB000700 599
072CC010700 721
072CC020700 0
072DD010700 1612
072DD020700 0
072EE000700 0
073 A010700 0.3220
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 61
074 B000700 0
074 C000700 200
074 D000700 54599
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 848
074 M000700 0
074 N000700 55708
074 O000700 0
074 P000700 79
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 106
074 S000700 0
074 T000700 55523
074 U010700 5059
074 U020700 0
074 V010700 10.98
074 V020700 0.00
074 W000700 0.0000
074 X000700 1596
074 Y000700 0
075 A000700 0
075 B000700 54420
076 000700 0.00
028 A010800 4964
028 A020800 118
028 A030800 0
028 A040800 6216
028 B010800 3797
028 B020800 125
028 B030800 0
028 B040800 3142
<PAGE> PAGE 22
028 C010800 4317
028 C020800 100
028 C030800 0
028 C040800 5074
028 D010800 3764
028 D020800 108
028 D030800 0
028 D040800 4382
028 E010800 5159
028 E020800 112
028 E030800 0
028 E040800 2389
028 F010800 3951
028 F020800 121
028 F030800 0
028 F040800 3365
028 G010800 25952
028 G020800 684
028 G030800 0
028 G040800 24568
028 H000800 0
062 A000800 Y
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 99.1
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 32
063 B000800 0.0
064 A000800 Y
064 B000800 N
071 A000800 0
071 B000800 0
071 C000800 0
071 D000800 0
072 A000800 6
072 B000800 829
072 C000800 0
072 D000800 0
<PAGE> PAGE 23
072 E000800 0
072 F000800 102
072 G000800 0
072 H000800 0
072 I000800 17
072 J000800 21
072 K000800 2
072 L000800 2
072 M000800 2
072 N000800 1
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 8
072 S000800 4
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 2
072 X000800 161
072 Y000800 47
072 Z000800 715
072AA000800 0
072BB000800 0
072CC010800 0
072CC020800 0
072DD010800 715
072DD020800 0
072EE000800 0
073 A010800 0.0158
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 533
074 B000800 0
074 C000800 47201
074 D000800 0
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 244
074 M000800 0
074 N000800 47978
074 O000800 0
074 P000800 59
074 Q000800 0
074 R010800 0
<PAGE> PAGE 24
074 R020800 0
074 R030800 0
074 R040800 297
074 S000800 0
074 T000800 47622
074 U010800 47622
074 U020800 0
074 V010800 1.00
074 V020800 0.00
074 W000800 0.9999
074 X000800 1240
074 Y000800 0
075 A000800 45237
075 B000800 0
076 000800 0.00
028 A010900 3921
028 A020900 1015
028 A030900 0
028 A040900 5016
028 B010900 4356
028 B020900 966
028 B030900 0
028 B040900 2789
028 C010900 2755
028 C020900 908
028 C030900 0
028 C040900 2718
028 D010900 3374
028 D020900 1037
028 D030900 0
028 D040900 2050
028 E010900 2931
028 E020900 998
028 E030900 0
028 E040900 1769
028 F010900 2303
028 F020900 1025
028 F030900 0
028 F040900 2384
028 G010900 19640
028 G020900 5949
028 G030900 0
028 G040900 16726
028 H000900 0
062 A000900 Y
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 0.1
062 F000900 0.0
062 G000900 0.0
<PAGE> PAGE 25
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 98.4
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
063 A000900 0
063 B000900 19.8
064 A000900 Y
064 B000900 N
071 A000900 31336
071 B000900 29537
071 C000900 266242
071 D000900 11
072 A000900 6
072 B000900 8547
072 C000900 0
072 D000900 0
072 E000900 0
072 F000900 459
072 G000900 0
072 H000900 0
072 I000900 98
072 J000900 38
072 K000900 8
072 L000900 4
072 M000900 2
072 N000900 3
072 O000900 0
072 P000900 0
072 Q000900 0
072 R000900 11
072 S000900 3
072 T000900 0
072 U000900 0
072 V000900 0
072 W000900 4
072 X000900 630
072 Y000900 0
072 Z000900 7917
072AA000900 0
072BB000900 2302
072CC010900 0
072CC020900 21
072DD010900 7917
072DD020900 0
<PAGE> PAGE 26
072EE000900 0
073 A010900 0.3196
073 A020900 0.0000
073 B000900 0.0000
073 C000900 0.0000
074 A000900 288
074 B000900 0
074 C000900 300
074 D000900 273772
074 E000900 0
074 F000900 0
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 0
074 K000900 0
074 L000900 4455
074 M000900 0
074 N000900 278815
074 O000900 0
074 P000900 93
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 467
074 S000900 0
074 T000900 278255
074 U010900 25253
074 U020900 0
074 V010900 11.02
074 V020900 0.00
074 W000900 0.0000
074 X000900 7134
074 Y000900 0
075 A000900 0
075 B000900 269619
076 000900 0.00
028 A011000 6184
028 A021000 283
028 A031000 0
028 A041000 9803
028 B011000 7504
028 B021000 284
028 B031000 0
028 B041000 6618
028 C011000 5505
028 C021000 233
028 C031000 0
028 C041000 6918
028 D011000 6840
<PAGE> PAGE 27
028 D021000 257
028 D031000 0
028 D041000 6228
028 E011000 6609
028 E021000 265
028 E031000 0
028 E041000 5208
028 F011000 6267
028 F021000 277
028 F031000 0
028 F041000 6591
028 G011000 38909
028 G021000 1599
028 G031000 0
028 G041000 41366
028 H001000 0
062 A001000 Y
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 99.3
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
063 A001000 17
063 B001000 0.0
064 A001000 Y
064 B001000 N
071 A001000 0
071 B001000 0
071 C001000 0
071 D001000 0
072 A001000 6
072 B001000 1966
072 C001000 0
072 D001000 0
072 E001000 0
072 F001000 184
072 G001000 0
072 H001000 0
072 I001000 53
<PAGE> PAGE 28
072 J001000 28
072 K001000 7
072 L001000 5
072 M001000 2
072 N001000 0
072 O001000 0
072 P001000 0
072 Q001000 0
072 R001000 11
072 S001000 3
072 T001000 0
072 U001000 0
072 V001000 0
072 W001000 3
072 X001000 296
072 Y001000 22
072 Z001000 1692
072AA001000 0
072BB001000 0
072CC011000 0
072CC021000 0
072DD011000 1692
072DD021000 0
072EE001000 0
073 A011000 0.0156
073 A021000 0.0000
073 B001000 0.0000
073 C001000 0.0000
074 A001000 688
074 B001000 0
074 C001000 108738
074 D001000 0
074 E001000 0
074 F001000 0
074 G001000 0
074 H001000 0
074 I001000 0
074 J001000 0
074 K001000 0
074 L001000 631
074 M001000 0
074 N001000 110057
074 O001000 252
074 P001000 79
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 276
074 S001000 0
074 T001000 109450
<PAGE> PAGE 29
074 U011000 109450
074 U021000 0
074 V011000 1.00
074 V021000 0.00
074 W001000 1.0000
074 X001000 3782
074 Y001000 0
075 A001000 108132
075 B001000 0
076 001000 0.00
SIGNATURE MICHAEL J.C. ROTH
TITLE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000356555
<NAME> USAA TAX EXEMPT FUND, INC.
<SERIES>
<NUMBER> 1
<NAME> LONG-TERM FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 1,770,985,557
<INVESTMENTS-AT-VALUE> 1,865,483,693
<RECEIVABLES> 71,467,569
<ASSETS-OTHER> 639,899
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,937,591,161
<PAYABLE-FOR-SECURITIES> 58,302,916
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,148,003
<TOTAL-LIABILITIES> 62,450,919
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,832,962,003
<SHARES-COMMON-STOCK> 141,403,229
<SHARES-COMMON-PRIOR> 137,014,533
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (52,319,897)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 94,498,136
<NET-ASSETS> 1,875,140,242
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 58,782,567
<OTHER-INCOME> 0
<EXPENSES-NET> (3,434,388)
<NET-INVESTMENT-INCOME> 55,348,179
<REALIZED-GAINS-CURRENT> (980,093)
<APPREC-INCREASE-CURRENT> 14,075,365
<NET-CHANGE-FROM-OPS> 68,443,451
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (55,348,179)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 390,936,874
<NUMBER-OF-SHARES-REDEEMED> (371,948,270)
<SHARES-REINVESTED> 38,940,175
<NET-CHANGE-IN-ASSETS> 71,024,051
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (51,339,805)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,568,802
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,434,388
<AVERAGE-NET-ASSETS> 1,828,894,887
<PER-SHARE-NAV-BEGIN> 13.17
<PER-SHARE-NII> 0.40
<PER-SHARE-GAIN-APPREC> 0.09
<PER-SHARE-DIVIDEND> (.40)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.26
<EXPENSE-RATIO> 0.37
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000356555
<NAME> USAA TAX EXEMPT FUND, INC.
<SERIES>
<NUMBER> 2
<NAME> INTERMEDIATE-TERM FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 1,600,329,115
<INVESTMENTS-AT-VALUE> 1,661,967,988
<RECEIVABLES> 40,001,907
<ASSETS-OTHER> 10,684,198
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,712,654,093
<PAYABLE-FOR-SECURITIES> 19,299,740
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,929,377
<TOTAL-LIABILITIES> 22,229,117
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,637,560,234
<SHARES-COMMON-STOCK> 132,172,473
<SHARES-COMMON-PRIOR> 129,972,757
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8,774,131)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 61,638,873
<NET-ASSETS> 1,690,424,976
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 50,593,421
<OTHER-INCOME> 0
<EXPENSES-NET> (3,108,341)
<NET-INVESTMENT-INCOME> 47,485,080
<REALIZED-GAINS-CURRENT> (1,938,703)
<APPREC-INCREASE-CURRENT> 4,235,500
<NET-CHANGE-FROM-OPS> 49,781,877
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (47,485,080)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 106,531,667
<NUMBER-OF-SHARES-REDEEMED> (114,977,965)
<SHARES-REINVESTED> 36,535,501
<NET-CHANGE-IN-ASSETS> 30,386,000
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (6,835,428)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,326,827
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,108,341
<AVERAGE-NET-ASSETS> 1,659,145,093
<PER-SHARE-NAV-BEGIN> 12.77
<PER-SHARE-NII> .36
<PER-SHARE-GAIN-APPREC> .02
<PER-SHARE-DIVIDEND> (0.36)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.79
<EXPENSE-RATIO> 0.37
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000356555
<NAME> USAA TAX EXEMPT FUND, INC.
<SERIES>
<NUMBER> 3
<NAME> SHORT-TERM FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 767,334,570
<INVESTMENTS-AT-VALUE> 773,728,522
<RECEIVABLES> 10,440,987
<ASSETS-OTHER> 13,509,125
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 797,678,634
<PAYABLE-FOR-SECURITIES> 11,182,359
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,542,050
<TOTAL-LIABILITIES> 12,274,409
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 782,372,599
<SHARES-COMMON-STOCK> 74,250,158
<SHARES-COMMON-PRIOR> 73,198,757
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,812,326)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,393,952
<NET-ASSETS> 784,954,225
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 19,603,216
<OTHER-INCOME> 0
<EXPENSES-NET> (1,585,168)
<NET-INVESTMENT-INCOME> 18,018,048
<REALIZED-GAINS-CURRENT> (412,281)
<APPREC-INCREASE-CURRENT> 221,858
<NET-CHANGE-FROM-OPS> 17,827,625
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (18,018,048)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 133,071,266
<NUMBER-OF-SHARES-REDEEMED> (136,983,405)
<SHARES-REINVESTED> 15,036,413
<NET-CHANGE-IN-ASSETS> 10,933,851
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (3,400,046)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,080,028
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,585,168
<AVERAGE-NET-ASSETS> 769,627,947
<PER-SHARE-NAV-BEGIN> 10.57
<PER-SHARE-NII> 0.25
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.25)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.57
<EXPENSE-RATIO> 0.41
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000356555
<NAME> USAA TAX EXEMPT FUND, INC.
<SERIES>
<NUMBER> 4
<NAME> TAX EXEMPT MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 1,478,818,677
<INVESTMENTS-AT-VALUE> 1,478,818,677
<RECEIVABLES> 20,208,582
<ASSETS-OTHER> 7,927,932
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,506,955,191
<PAYABLE-FOR-SECURITIES> 22,578,652
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,537,535
<TOTAL-LIABILITIES> 27,116,187
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,479,839,004
<SHARES-COMMON-STOCK> 1,479,839,004
<SHARES-COMMON-PRIOR> 1,529,176,446
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,479,839,004
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 27,361,942
<OTHER-INCOME> 0
<EXPENSES-NET> (2,949,129)
<NET-INVESTMENT-INCOME> 24,412,813
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 24,412,813
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (24,412,813)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 881,605,711
<NUMBER-OF-SHARES-REDEEMED> (954,019,289)
<SHARES-REINVESTED> 23,076,136
<NET-CHANGE-IN-ASSETS> (49,337,442)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,084,743
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,949,129
<AVERAGE-NET-ASSETS> 1,484,671,700
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.02)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000356555
<NAME> USAA TAX EXEMPT FUND, INC.
<SERIES>
<NUMBER> 5
<NAME> CALIFORNIA BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 404,287,903
<INVESTMENTS-AT-VALUE> 427,528,462
<RECEIVABLES> 6,915,555
<ASSETS-OTHER> 141,040
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 434,585,057
<PAYABLE-FOR-SECURITIES> 3,026,721
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 919,582
<TOTAL-LIABILITIES> 3,946,303
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 414,375,467
<SHARES-COMMON-STOCK> 40,274,006
<SHARES-COMMON-PRIOR> 39,243,890
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6,977,272)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23,240,559
<NET-ASSETS> 430,638,754
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 12,981,606
<OTHER-INCOME> 0
<EXPENSES-NET> (882,161)
<NET-INVESTMENT-INCOME> 12,099,445
<REALIZED-GAINS-CURRENT> 668,831
<APPREC-INCREASE-CURRENT> 5,329,432
<NET-CHANGE-FROM-OPS> 18,097,708
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (12,099,445)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 33,270,940
<NUMBER-OF-SHARES-REDEEMED> (26,206,103)
<SHARES-REINVESTED> 8,395,909
<NET-CHANGE-IN-ASSETS> 21,459,009
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (7,646,103)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 666,975
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 882,161
<AVERAGE-NET-ASSETS> 415,004,739
<PER-SHARE-NAV-BEGIN> 10.43
<PER-SHARE-NII> 0.30
<PER-SHARE-GAIN-APPREC> 0.14
<PER-SHARE-DIVIDEND> (0.30)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.57
<EXPENSE-RATIO> 0.42
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000356555
<NAME> USAA TAX EXEMPT FUND, INC.
<SERIES>
<NUMBER> 6
<NAME> CALIFORNIA MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 321,463,218
<INVESTMENTS-AT-VALUE> 321,463,218
<RECEIVABLES> 1,762,397
<ASSETS-OTHER> 746,334
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 323,971,949
<PAYABLE-FOR-SECURITIES> 8,561,115
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 692,222
<TOTAL-LIABILITIES> 9,253,337
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 314,718,612
<SHARES-COMMON-STOCK> 314,718,612
<SHARES-COMMON-PRIOR> 296,349,364
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 314,718,612
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,580,209
<OTHER-INCOME> 0
<EXPENSES-NET> (695,292)
<NET-INVESTMENT-INCOME> 4,884,917
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 4,884,917
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,884,917)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 181,873,485
<NUMBER-OF-SHARES-REDEEMED> (168,055,809)
<SHARES-REINVESTED> 4,551,572
<NET-CHANGE-IN-ASSETS> 18,369,248
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 489,119
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 695,292
<AVERAGE-NET-ASSETS> 303,924,454
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.02)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.46
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000356555
<NAME> USAA TAX EXEMPT FUND, INC.
<SERIES>
<NUMBER> 7
<NAME> NEW YORK BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 52,494,624
<INVESTMENTS-AT-VALUE> 54,799,464
<RECEIVABLES> 847,725
<ASSETS-OTHER> 61,061
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 55,708,250
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 185,456
<TOTAL-LIABILITIES> 185,456
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 56,557,838
<SHARES-COMMON-STOCK> 5,058,911
<SHARES-COMMON-PRIOR> 4,928,623
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,339,884)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,304,840
<NET-ASSETS> 55,522,794
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,750,541
<OTHER-INCOME> 0
<EXPENSES-NET> (137,967)
<NET-INVESTMENT-INCOME> 1,612,574
<REALIZED-GAINS-CURRENT> (598,863)
<APPREC-INCREASE-CURRENT> 720,473
<NET-CHANGE-FROM-OPS> 1,734,184
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,612,574)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,467,168
<NUMBER-OF-SHARES-REDEEMED> (5,294,700)
<SHARES-REINVESTED> 1,241,365
<NET-CHANGE-IN-ASSETS> 1,535,443
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (2,741,021)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 122,911
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 185,422
<AVERAGE-NET-ASSETS> 54,419,963
<PER-SHARE-NAV-BEGIN> 10.95
<PER-SHARE-NII> 0.32
<PER-SHARE-GAIN-APPREC> 0.03
<PER-SHARE-DIVIDEND> (0.32)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.98
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000356555
<NAME> USAA TAX EXEMPT FUND, INC.
<SERIES>
<NUMBER> 8
<NAME> NEW YORK MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 47,201,262
<INVESTMENTS-AT-VALUE> 47,201,262
<RECEIVABLES> 243,929
<ASSETS-OTHER> 533,097
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 47,978,288
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 355,920
<TOTAL-LIABILITIES> 355,920
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 47,622,368
<SHARES-COMMON-STOCK> 47,622,368
<SHARES-COMMON-PRIOR> 45,553,722
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 47,622,368
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 829,461
<OTHER-INCOME> 0
<EXPENSES-NET> (114,606)
<NET-INVESTMENT-INCOME> 714,855
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 714,855
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (714,855)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 25,952,089
<NUMBER-OF-SHARES-REDEEMED> (24,567,889)
<SHARES-REINVESTED> 684,446
<NET-CHANGE-IN-ASSETS> 2,068,646
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 102,115
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 161,193
<AVERAGE-NET-ASSETS> 45,237,488
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.02)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000356555
<NAME> USAA TAX EXEMPT FUND, INC.
<SERIES>
<NUMBER> 9
<NAME> VIRGINIA BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 264,996,559
<INVESTMENTS-AT-VALUE> 274,072,398
<RECEIVABLES> 4,455,290
<ASSETS-OTHER> 287,903
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 278,815,591
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 560,435
<TOTAL-LIABILITIES> 560,435
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 271,044,693
<SHARES-COMMON-STOCK> 25,252,668
<SHARES-COMMON-PRIOR> 24,439,920
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,865,376)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,075,839
<NET-ASSETS> 278,255,156
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 8,547,400
<OTHER-INCOME> 0
<EXPENSES-NET> (630,440)
<NET-INVESTMENT-INCOME> 7,916,960
<REALIZED-GAINS-CURRENT> 2,301,567
<APPREC-INCREASE-CURRENT> (20,709)
<NET-CHANGE-FROM-OPS> 10,197,818
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,916,960)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19,640,243
<NUMBER-OF-SHARES-REDEEMED> (16,725,618)
<SHARES-REINVESTED> 5,949,055
<NET-CHANGE-IN-ASSETS> 11,144,538
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (4,166,943)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 459,008
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 630,440
<AVERAGE-NET-ASSETS> 269,618,699
<PER-SHARE-NAV-BEGIN> 10.93
<PER-SHARE-NII> 0.32
<PER-SHARE-GAIN-APPREC> 0.09
<PER-SHARE-DIVIDEND> (0.32)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.02
<EXPENSE-RATIO> 0.47
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000356555
<NAME> USAA TAX EXEMPT FUND, INC.
<SERIES>
<NUMBER> 10
<NAME> VIRGINIA MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 108,737,774
<INVESTMENTS-AT-VALUE> 108,737,774
<RECEIVABLES> 631,470
<ASSETS-OTHER> 687,846
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 110,057,090
<PAYABLE-FOR-SECURITIES> 252,360
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 354,891
<TOTAL-LIABILITIES> 607,251
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 109,449,839
<SHARES-COMMON-STOCK> 109,449,839
<SHARES-COMMON-PRIOR> 110,307,920
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 109,449,839
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,965,869
<OTHER-INCOME> 0
<EXPENSES-NET> (274,096)
<NET-INVESTMENT-INCOME> 1,691,773
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,691,773
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,691,773)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 38,909,048
<NUMBER-OF-SHARES-REDEEMED> (41,366,095)
<SHARES-REINVESTED> 1,598,966
<NET-CHANGE-IN-ASSETS> (858,081)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 184,237
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 295,892
<AVERAGE-NET-ASSETS> 108,132,039
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.02)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>