USAA TAX EXEMPT FUND INC
NSAR-B, 1996-05-15
Previous: VARIABLE INSURANCE PRODUCTS FUND, 13F-E, 1996-05-15
Next: TAX FREE INSTRUMENTS TRUST, 485B24E, 1996-05-15



<PAGE>      PAGE  1
000 B000000 03/31/96
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
008 A00AA01 USAA INVESTMENT MANAGEMENT COMPANY
008 B00AA01 A
008 C00AA01 801-34462
008 D01AA01 SAN ANTONIO
008 D02AA01 TX
008 D03AA01 78288
012 A00AA01 USAA TRANSFER AGENCY COMPANY
012 B00AA01 84-1197
012 C01AA01 SAN ANTONIO
012 C02AA01 TX
012 C03AA01 78288
022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000001 13-5674085
022 C000001   1385879
022 D000001    188160
022 A000002 MORGAN STANLEY & CO. INCORPORATED
022 B000002 13-2655998
022 C000002    627881
022 D000002    382531
022 A000003 CITICORP SECURITIES INC.
022 B000003 13-2771536
022 C000003    540018
022 D000003    441952
022 A000004 SMITH BARNEY INC.
022 B000004 13-1912900
022 C000004    524018
022 D000004    447294
022 A000005 PAINE WEBBER INCORPORATED
022 B000005 13-2638166
022 C000005    467420
022 D000005    375379
022 A000006 MORGAN J.P. SECURITIES INC.
022 B000006 13-3224016
022 C000006    423708
022 D000006    211888
022 A000007 BT SECURITIES CORPORATION
022 B000007 13-3311934
022 C000007    301513
022 D000007    269791
022 A000008 BEAR, STEARNS & CO. INC.
022 B000008 13-3299429
022 C000008    292118
022 D000008    174030
022 A000009 PRUDENTIAL SECURITIES INCORPORATED
022 B000009 22-2347336
022 C000009    209129
022 D000009    175364
022 A000010 LEHMAN BROTHERS, INC.
022 B000010 13-2518466
022 C000010    215218
<PAGE>      PAGE  3
022 D000010    116028
023 C000000   10943229
023 D000000    7761514
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00     3000
077 A000000 Y
077 B000000 Y
078  000000 N
080 C00AA00     9000
081 B00AA00  27
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
028 A010100     35148
028 A020100      6765
028 A030100         0
028 A040100     49576
028 B010100     45350
028 B020100      6585
028 B030100         0
028 B040100     16248
028 C010100     54345
028 C020100      6084
028 C030100         0
028 C040100     50129
028 D010100    120795
028 D020100      6859
028 D030100         0
028 D040100    116620
028 E010100     17082
028 E020100      6424
028 E030100         0
028 E040100     84972
028 F010100     74756
028 F020100      6009
028 F030100         0
028 F040100     79264
028 G010100    347476
028 G020100     38726
028 G030100         0
028 G040100    396809
028 H000100         0
062 A000100 Y
<PAGE>      PAGE  4
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.2
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  98.5
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100   0
063 B000100 24.1
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
<PAGE>      PAGE  5
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100    965990
071 B000100    947145
071 C000100   1778671
071 D000100   53
072 A000100 12
072 B000100   116293
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100     5120
072 G000100        0
072 H000100        0
072 I000100     1080
072 J000100      242
072 K000100      124
072 L000100       50
072 M000100        3
072 N000100       40
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100       36
072 S000100        6
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100       68
072 X000100     6769
072 Y000100        0
072 Z000100   109524
072AA000100    11015
072BB000100        0
072CC010100    18365
072CC020100        0
072DD010100   109524
072DD020100        0
072EE000100        0
073 A010100   0.7943
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100      236
074 B000100        0
074 C000100     4600
074 D000100  1776537
<PAGE>      PAGE  6
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100    31624
074 M000100        0
074 N000100  1812997
074 O000100     5258
074 P000100      516
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100     3107
074 S000100        0
074 T000100  1804116
074 U010100   137015
074 U020100        0
074 V010100    13.17
074 V020100     0.00
074 W000100   0.0000
074 X000100    38140
074 Y000100        0
075 A000100        0
075 B000100  1819128
076  000100     0.00
028 A010200     22256
028 A020200      6040
028 A030200         0
028 A040200     16482
028 B010200     20357
028 B020200      5899
028 B030200         0
028 B040200     16930
028 C010200     17817
028 C020200      5541
028 C030200         0
028 C040200     22017
028 D010200     25927
028 D020200      6306
028 D030200         0
028 D040200     20860
028 E010200     21844
028 E020200      5915
028 E030200         0
028 E040200     22412
028 F010200     26757
028 F020200      5608
<PAGE>      PAGE  7
028 F030200         0
028 F040200     26715
028 G010200    134958
028 G020200     35309
028 G030200         0
028 G040200    125416
028 H000200         0
062 A000200 Y
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   1.2
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  98.5
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200  9.0
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
<PAGE>      PAGE  8
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200    525574
071 B000200    438138
071 C000200   1592925
071 D000200   28
072 A000200 12
072 B000200    95825
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200     4533
072 G000200        0
072 H000200        0
072 I000200     1058
072 J000200      235
072 K000200      114
072 L000200       50
072 M000200        3
072 N000200       41
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200       36
072 S000200        6
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200       37
072 X000200     6113
072 Y000200        0
072 Z000200    89712
072AA000200     2066
072BB000200        0
072CC010200    30639
072CC020200        0
072DD010200    89712
072DD020200        0
072EE000200        0
<PAGE>      PAGE  9
073 A010200   0.7114
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200      628
074 B000200        0
074 C000200    20100
074 D000200  1634841
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200        0
074 L000200    25583
074 M000200        0
074 N000200  1681152
074 O000200    17732
074 P000200      476
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200     2905
074 S000200        0
074 T000200  1660039
074 U010200   129973
074 U020200        0
074 V010200    12.77
074 V020200     0.00
074 W000200   0.0000
074 X000200    37834
074 Y000200        0
075 A000200        0
075 B000200  1613464
076  000200     0.00
028 A010300     16997
028 A020300      2703
028 A030300         0
028 A040300     21165
028 B010300     22511
028 B020300      2656
028 B030300         0
028 B040300     20568
028 C010300     17196
028 C020300      2513
028 C030300         0
028 C040300     26702
028 D010300     25705
028 D020300      2733
<PAGE>      PAGE  10
028 D030300         0
028 D040300     32197
028 E010300     25449
028 E020300      2504
028 E030300         0
028 E040300     22546
028 F010300     22779
028 F020300      2311
028 F030300         0
028 F040300     25463
028 G010300    130637
028 G020300     15420
028 G030300         0
028 G040300    148641
028 H000300         0
062 A000300 Y
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300  19.3
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  79.8
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
070 A010300 Y
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
<PAGE>      PAGE  11
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 N
070 P010300 Y
070 P020300 Y
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300    238403
071 B000300    331545
071 C000300    662394
071 D000300   36
072 A000300 12
072 B000300    40198
072 C000300        0
072 D000300        0
072 E000300        0
072 F000300     2188
072 G000300        0
072 H000300        0
072 I000300      670
072 J000300      164
072 K000300       83
072 L000300       42
072 M000300        3
072 N000300       34
072 O000300        0
072 P000300        0
072 Q000300        0
072 R000300       36
072 S000300       12
072 T000300        0
072 U000300        0
072 V000300        0
072 W000300       21
072 X000300     3253
072 Y000300        0
<PAGE>      PAGE  12
072 Z000300    36945
072AA000300      205
072BB000300        0
072CC010300     7788
072CC020300        0
072DD010300    36945
072DD020300        0
072EE000300        0
073 A010300   0.5002
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300      947
074 B000300        0
074 C000300   149175
074 D000300   617510
074 E000300        0
074 F000300        0
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300        0
074 K000300        0
074 L000300    10671
074 M000300        0
074 N000300   778303
074 O000300     2009
074 P000300      233
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300     2041
074 S000300        0
074 T000300   774020
074 U010300    73199
074 U020300        0
074 V010300    10.57
074 V020300     0.00
074 W000300   0.0000
074 X000300    22403
074 Y000300        0
075 A000300        0
075 B000300   780177
076  000300     0.00
028 A010400    132380
028 A020400      4345
028 A030400         0
028 A040400    125445
028 B010400     86855
028 B020400      4165
<PAGE>      PAGE  13
028 B030400         0
028 B040400    113908
028 C010400    146591
028 C020400      4139
028 C030400         0
028 C040400    193969
028 D010400    268408
028 D020400      4193
028 D030400         0
028 D040400    238245
028 E010400    179743
028 E020400      3618
028 E030400         0
028 E040400    100088
028 F010400    170202
028 F020400      3525
028 F030400         0
028 F040400    158705
028 G010400    984179
028 G020400     23985
028 G030400         0
028 G040400    930360
028 H000400         0
062 A000400 Y
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
062 E000400  99.2
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
064 A000400 Y
064 B000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
<PAGE>      PAGE  14
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400         0
071 B000400         0
071 C000400         0
071 D000400    0
072 A000400 12
072 B000400    57942
072 C000400        0
072 D000400        0
072 E000400        0
072 F000400     4067
072 G000400        0
072 H000400        0
072 I000400     1011
072 J000400      340
072 K000400      144
072 L000400       84
072 M000400        3
072 N000400       78
072 O000400        0
072 P000400        0
072 Q000400        0
<PAGE>      PAGE  15
072 R000400       36
072 S000400        6
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400       41
072 X000400     5810
072 Y000400        0
072 Z000400    52132
072AA000400        0
072BB000400        0
072CC010400        0
072CC020400        0
072DD010400    52132
072DD020400        0
072EE000400        0
073 A010400   0.0359
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
074 A000400     4120
074 B000400        0
074 C000400  1517347
074 D000400        0
074 E000400        0
074 F000400        0
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
074 K000400        0
074 L000400    14376
074 M000400        0
074 N000400  1535843
074 O000400     1500
074 P000400      437
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400     4730
074 S000400        0
074 T000400  1529176
074 U010400  1529176
074 U020400        0
074 V010400     1.00
074 V020400     0.00
074 W000400   1.0001
074 X000400    35530
074 Y000400        0
075 A000400  1452078
<PAGE>      PAGE  16
075 B000400        0
076  000400     0.00
028 A010500      3499
028 A020500      1394
028 A030500         0
028 A040500      5115
028 B010500      4174
028 B020500      1345
028 B030500         0
028 B040500      3852
028 C010500      5091
028 C020500      1263
028 C030500         0
028 C040500      3732
028 D010500      6025
028 D020500      1439
028 D030500         0
028 D040500      4814
028 E010500      4975
028 E020500      1373
028 E030500         0
028 E040500      3219
028 F010500      6552
028 F020500      1276
028 F030500         0
028 F040500      7245
028 G010500     30316
028 G020500      8090
028 G030500         0
028 G040500     27977
028 H000500         0
062 A000500 Y
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   2.2
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  98.3
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
063 A000500   0
063 B000500 20.7
<PAGE>      PAGE  17
064 A000500 Y
064 B000500 N
071 A000500    112732
071 B000500     89639
071 C000500    388284
071 D000500   23
072 A000500 12
072 B000500    24515
072 C000500        0
072 D000500        0
072 E000500        0
072 F000500     1281
072 G000500        0
072 H000500        0
072 I000500      235
072 J000500       86
072 K000500       25
072 L000500       13
072 M000500        3
072 N000500        0
072 O000500        0
072 P000500        0
072 Q000500        0
072 R000500       28
072 S000500        8
072 T000500        0
072 U000500        0
072 V000500        0
072 W000500       11
072 X000500     1690
072 Y000500        0
072 Z000500    22825
072AA000500     3356
072BB000500        0
072CC010500     8681
072CC020500        0
072DD010500    22825
072DD020500        0
072EE000500        0
073 A010500   0.5988
073 A020500   0.0000
073 B000500   0.0000
073 C000500   0.0000
074 A000500      162
074 B000500        0
074 C000500     9070
074 D000500   402356
074 E000500        0
074 F000500        0
074 G000500        0
074 H000500        0
<PAGE>      PAGE  18
074 I000500        0
074 J000500        0
074 K000500        0
074 L000500     6738
074 M000500        0
074 N000500   418326
074 O000500     8380
074 P000500      127
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500      639
074 S000500        0
074 T000500   409180
074 U010500    39244
074 U020500        0
074 V010500    10.43
074 V020500     0.00
074 W000500   0.0000
074 X000500     8421
074 Y000500        0
075 A000500        0
075 B000500   396282
076  000500     0.00
028 A010600     19332
028 A020600       788
028 A030600         0
028 A040600     15205
028 B010600     18967
028 B020600       757
028 B030600         0
028 B040600     22741
028 C010600     21405
028 C020600       757
028 C030600         0
028 C040600     22224
028 D010600     30709
028 D020600       794
028 D030600         0
028 D040600     28037
028 E010600     25510
028 E020600       678
028 E030600         0
028 E040600     17927
028 F010600     26112
028 F020600       672
028 F030600         0
028 F040600     18656
028 G010600    142035
028 G020600      4446
<PAGE>      PAGE  19
028 G030600         0
028 G040600    124790
028 H000600         0
062 A000600 Y
062 B000600   0.0
062 C000600   0.0
062 D000600   0.0
062 E000600  98.9
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  35
063 B000600  0.0
064 A000600 Y
064 B000600 N
071 A000600         0
071 B000600         0
071 C000600         0
071 D000600    0
072 A000600 12
072 B000600    10999
072 C000600        0
072 D000600        0
072 E000600        0
072 F000600      890
072 G000600        0
072 H000600        0
072 I000600      201
072 J000600       93
072 K000600       32
072 L000600       21
072 M000600        3
072 N000600        2
072 O000600        0
072 P000600        0
072 Q000600        0
072 R000600       28
072 S000600        8
072 T000600        0
072 U000600        0
072 V000600        0
<PAGE>      PAGE  20
072 W000600       10
072 X000600     1288
072 Y000600        0
072 Z000600     9711
072AA000600        0
072BB000600        0
072CC010600        0
072CC020600        0
072DD010600     9711
072DD020600        0
072EE000600        0
073 A010600   0.0352
073 A020600   0.0000
073 B000600   0.0000
073 C000600   0.0000
074 A000600     1191
074 B000600        0
074 C000600   293203
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     2602
074 M000600        0
074 N000600   296996
074 O000600        0
074 P000600       95
074 Q000600        0
074 R010600        0
074 R020600        0
074 R030600        0
074 R040600      552
074 S000600        0
074 T000600   296349
074 U010600   296349
074 U020600        0
074 V010600     1.00
074 V020600     0.00
074 W000600   1.0000
074 X000600     7169
074 Y000600        0
075 A000600   276134
075 B000600        0
076  000600     0.00
028 A010700       539
028 A020700       207
028 A030700         0
<PAGE>      PAGE  21
028 A040700       667
028 B010700       711
028 B020700       198
028 B030700         0
028 B040700       436
028 C010700       833
028 C020700       188
028 C030700         0
028 C040700      1273
028 D010700      1149
028 D020700       212
028 D030700         0
028 D040700       644
028 E010700       806
028 E020700       202
028 E030700         0
028 E040700       900
028 F010700      2220
028 F020700       188
028 F030700         0
028 F040700      2445
028 G010700      6258
028 G020700      1195
028 G030700         0
028 G040700      6365
028 H000700         0
062 A000700 Y
062 B000700   0.0
062 C000700   0.0
062 D000700   0.0
062 E000700   2.4
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 100.3
062 P000700   0.0
062 Q000700   0.0
062 R000700   0.0
063 A000700   0
063 B000700 22.7
064 A000700 Y
064 B000700 N
071 A000700     43284
071 B000700     38799
071 C000700     51872
<PAGE>      PAGE  22
071 D000700   75
072 A000700 12
072 B000700     3313
072 C000700        0
072 D000700        0
072 E000700        0
072 F000700      243
072 G000700        0
072 H000700        0
072 I000700       45
072 J000700       40
072 K000700        4
072 L000700        4
072 M000700        3
072 N000700        0
072 O000700        0
072 P000700        0
072 Q000700        0
072 R000700       15
072 S000700        9
072 T000700        0
072 U000700        0
072 V000700        0
072 W000700        4
072 X000700      367
072 Y000700      103
072 Z000700     3049
072AA000700      658
072BB000700        0
072CC010700      190
072CC020700        0
072DD010700     3049
072DD020700        0
072EE000700        0
073 A010700   0.6342
073 A020700   0.0000
073 B000700   0.0000
073 C000700   0.0000
074 A000700       96
074 B000700        0
074 C000700     1300
074 D000700    54164
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
<PAGE>      PAGE  23
074 N000700    56408
074 O000700     2275
074 P000700       41
074 Q000700        0
074 R010700        0
074 R020700        0
074 R030700        0
074 R040700      105
074 S000700        0
074 T000700    53987
074 U010700     4929
074 U020700        0
074 V010700    10.95
074 V020700     0.00
074 W000700   0.0000
074 X000700     1638
074 Y000700        0
075 A000700        0
075 B000700    52879
076  000700     0.00
028 A010800      3356
028 A020800       104
028 A030800         0
028 A040800      3323
028 B010800      5929
028 B020800       102
028 B030800         0
028 B040800      1685
028 C010800      3999
028 C020800       113
028 C030800         0
028 C040800      3236
028 D010800      7784
028 D020800       116
028 D030800         0
028 D040800      3834
028 E010800      4292
028 E020800       104
028 E030800         0
028 E040800      3922
028 F010800      5414
028 F020800       103
028 F030800         0
028 F040800      3461
028 G010800     30774
028 G020800       642
028 G030800         0
028 G040800     19461
028 H000800         0
062 A000800 Y
062 B000800   0.0
<PAGE>      PAGE  24
062 C000800   0.0
062 D000800   0.0
062 E000800  99.8
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  56
063 B000800  0.0
064 A000800 Y
064 B000800 N
071 A000800         0
071 B000800         0
071 C000800         0
071 D000800    0
072 A000800 12
072 B000800     1337
072 C000800        0
072 D000800        0
072 E000800        0
072 F000800      154
072 G000800        0
072 H000800        0
072 I000800       32
072 J000800       39
072 K000800        4
072 L000800        4
072 M000800        3
072 N000800        0
072 O000800        0
072 P000800        0
072 Q000800        0
072 R000800       15
072 S000800        9
072 T000800        0
072 U000800        0
072 V000800        0
072 W000800        4
072 X000800      264
072 Y000800       97
072 Z000800     1170
072AA000800        0
<PAGE>      PAGE  25
072BB000800        0
072CC010800        0
072CC020800        0
072DD010800     1170
072DD020800        0
072EE000800        0
073 A010800   0.0350
073 A020800   0.0000
073 B000800   0.0000
073 C000800   0.0000
074 A000800      407
074 B000800        0
074 C000800    45480
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      319
074 M000800        0
074 N000800    46206
074 O000800      501
074 P000800       58
074 Q000800        0
074 R010800        0
074 R020800        0
074 R030800        0
074 R040800       93
074 S000800        0
074 T000800    45554
074 U010800    45554
074 U020800        0
074 V010800     1.00
074 V020800     0.00
074 W000800   0.9998
074 X000800     1218
074 Y000800        0
075 A000800    33736
075 B000800        0
076  000800     0.00
028 A010900      2681
028 A020900       959
028 A030900         0
028 A040900      2387
028 B010900      3820
028 B020900       930
028 B030900         0
028 B040900      2239
<PAGE>      PAGE  26
028 C010900      2421
028 C020900       877
028 C030900         0
028 C040900      2022
028 D010900      5186
028 D020900      1000
028 D030900         0
028 D040900      2024
028 E010900      3738
028 E020900       952
028 E030900         0
028 E040900      2432
028 F010900      5084
028 F020900       893
028 F030900         0
028 F040900      3213
028 G010900     22930
028 G020900      5611
028 G030900         0
028 G040900     14317
028 H000900         0
062 A000900 Y
062 B000900   0.0
062 C000900   0.0
062 D000900   0.0
062 E000900   2.5
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 100.8
062 P000900   0.0
062 Q000900   0.0
062 R000900   0.0
063 A000900   0
063 B000900 17.8
064 A000900 Y
064 B000900 N
071 A000900     99711
071 B000900     68364
071 C000900    251317
071 D000900   27
072 A000900 12
072 B000900    15809
072 C000900        0
072 D000900        0
<PAGE>      PAGE  27
072 E000900        0
072 F000900      870
072 G000900        0
072 H000900        0
072 I000900      196
072 J000900       72
072 K000900       20
072 L000900       13
072 M000900        3
072 N000900        0
072 O000900        0
072 P000900        0
072 Q000900        0
072 R000900       20
072 S000900        7
072 T000900        0
072 U000900        0
072 V000900        0
072 W000900        8
072 X000900     1209
072 Y000900        0
072 Z000900    14600
072AA000900        0
072BB000900     1253
072CC010900     4801
072CC020900        0
072DD010900    14600
072DD020900        0
072EE000900        0
073 A010900   0.6310
073 A020900   0.0000
073 B000900   0.0000
073 C000900   0.0000
074 A000900      137
074 B000900        0
074 C000900     6700
074 D000900   269305
074 E000900        0
074 F000900        0
074 G000900        0
074 H000900        0
074 I000900        0
074 J000900        0
074 K000900        0
074 L000900     4441
074 M000900        0
074 N000900   280583
074 O000900    12870
074 P000900       91
074 Q000900        0
074 R010900        0
<PAGE>      PAGE  28
074 R020900        0
074 R030900        0
074 R040900      511
074 S000900        0
074 T000900   267111
074 U010900    24440
074 U020900        0
074 V010900    10.93
074 V020900     0.00
074 W000900   0.0000
074 X000900     7113
074 Y000900        0
075 A000900        0
075 B000900   253784
076  000900     0.00
028 A011000      6866
028 A021000       288
028 A031000         0
028 A041000      5371
028 B011000      7163
028 B021000       278
028 B031000         0
028 B041000      6251
028 C011000      6090
028 C021000       284
028 C031000         0
028 C041000      6762
028 D011000      9201
028 D021000       286
028 D031000         0
028 D041000      7155
028 E011000      8571
028 E021000       248
028 E031000         0
028 E041000      6953
028 F011000      9242
028 F021000       243
028 F031000         0
028 F041000      8307
028 G011000     47133
028 G021000      1627
028 G031000         0
028 G041000     40799
028 H001000         0
062 A001000 Y
062 B001000   0.0
062 C001000   0.0
062 D001000   0.0
062 E001000  99.4
062 F001000   0.0
062 G001000   0.0
<PAGE>      PAGE  29
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  38
063 B001000  0.0
064 A001000 Y
064 B001000 N
071 A001000         0
071 B001000         0
071 C001000         0
071 D001000    0
072 A001000 12
072 B001000     4001
072 C001000        0
072 D001000        0
072 E001000        0
072 F001000      355
072 G001000        0
072 H001000        0
072 I001000      107
072 J001000       52
072 K001000       14
072 L001000       10
072 M001000        3
072 N001000        0
072 O001000        0
072 P001000        0
072 Q001000        0
072 R001000       20
072 S001000        7
072 T001000        0
072 U001000        0
072 V001000        0
072 W001000        6
072 X001000      574
072 Y001000       59
072 Z001000     3486
072AA001000        0
072BB001000        0
072CC011000        0
072CC021000        0
072DD011000     3486
072DD021000        0
<PAGE>      PAGE  30
072EE001000        0
073 A011000   0.0337
073 A021000   0.0000
073 B001000   0.0000
073 C001000   0.0000
074 A001000      205
074 B001000        0
074 C001000   109604
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      923
074 M001000        0
074 N001000   110732
074 O001000        0
074 P001000       67
074 Q001000        0
074 R011000        0
074 R021000        0
074 R031000        0
074 R041000      357
074 S001000        0
074 T001000   110308
074 U011000   110308
074 U021000        0
074 V011000     1.00
074 V021000     0.00
074 W001000   0.9999
074 X001000     3814
074 Y001000        0
075 A001000   103661
075 B001000        0
076  001000     0.00
SIGNATURE   ALEX M. CICCONE                              
TITLE       ASSISTANT SECRETARY 
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000356555
<NAME> USAA TAX EXEMPT FUND, INC.
<SERIES>
   <NUMBER> 1
   <NAME> LONG-TERM FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                    1,700,714,312
<INVESTMENTS-AT-VALUE>                   1,781,137,083
<RECEIVABLES>                               31,623,852
<ASSETS-OTHER>                                 236,168
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,812,997,103
<PAYABLE-FOR-SECURITIES>                     5,257,597
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,623,315
<TOTAL-LIABILITIES>                          8,880,912
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,775,033,225
<SHARES-COMMON-STOCK>                      137,014,533
<SHARES-COMMON-PRIOR>                      136,941,087
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (51,339,805)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    80,422,771
<NET-ASSETS>                             1,804,116,191
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                          116,293,172
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (6,768,983)
<NET-INVESTMENT-INCOME>                    109,524,189
<REALIZED-GAINS-CURRENT>                    11,015,815
<APPREC-INCREASE-CURRENT>                   18,364,610
<NET-CHANGE-FROM-OPS>                      138,904,614
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                (109,524,189)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    688,986,684
<NUMBER-OF-SHARES-REDEEMED>              (767,067,054)
<SHARES-REINVESTED>                         78,173,257
<NET-CHANGE-IN-ASSETS>                      29,473,312
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                (117,148,592)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        5,119,811
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              6,768,983
<AVERAGE-NET-ASSETS>                     1,819,127,987
<PER-SHARE-NAV-BEGIN>                            12.96
<PER-SHARE-NII>                                   0.79
<PER-SHARE-GAIN-APPREC>                           0.21
<PER-SHARE-DIVIDEND>                            (0.79)
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              13.17
<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>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                    1,597,537,412
<INVESTMENTS-AT-VALUE>                   1,654,940,786
<RECEIVABLES>                               25,582,999
<ASSETS-OTHER>                                 627,745
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,681,151,530
<PAYABLE-FOR-SECURITIES>                    17,732,244
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,380,309
<TOTAL-LIABILITIES>                         21,112,553
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,609,471,032
<SHARES-COMMON-STOCK>                      129,972,757
<SHARES-COMMON-PRIOR>                      122,375,232
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (6,835,428)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    57,403,373
<NET-ASSETS>                             1,660,038,977
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           95,825,497
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (6,113,269)
<NET-INVESTMENT-INCOME>                     89,712,228
<REALIZED-GAINS-CURRENT>                     2,065,593
<APPREC-INCREASE-CURRENT>                   30,638,965
<NET-CHANGE-FROM-OPS>                      122,416,786
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (89,712,228)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    267,168,296
<NUMBER-OF-SHARES-REDEEMED>              (238,806,108)
<SHARES-REINVESTED>                         69,221,811
<NET-CHANGE-IN-ASSETS>                     130,288,557
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (8,901,020)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        4,532,471
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              6,113,269
<AVERAGE-NET-ASSETS>                     1,613,464,178
<PER-SHARE-NAV-BEGIN>                            12.50
<PER-SHARE-NII>                                   0.71
<PER-SHARE-GAIN-APPREC>                           0.27
<PER-SHARE-DIVIDEND>                            (0.71)
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              12.77
<EXPENSE-RATIO>                                   0.38
<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>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                      760,512,459
<INVESTMENTS-AT-VALUE>                     766,684,554
<RECEIVABLES>                               10,671,305
<ASSETS-OTHER>                                 947,463
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             778,303,322
<PAYABLE-FOR-SECURITIES>                     2,009,042
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,273,906
<TOTAL-LIABILITIES>                          4,282,948
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   771,248,325
<SHARES-COMMON-STOCK>                       73,198,757
<SHARES-COMMON-PRIOR>                       76,537,239
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (3,400,046)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     6,172,095
<NET-ASSETS>                               774,020,374
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           40,198,543
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (3,253,199)
<NET-INVESTMENT-INCOME>                     36,945,344
<REALIZED-GAINS-CURRENT>                       205,387
<APPREC-INCREASE-CURRENT>                    7,787,340
<NET-CHANGE-FROM-OPS>                       44,938,071
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (36,945,344)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    255,278,310
<NUMBER-OF-SHARES-REDEEMED>              (321,434,250)
<SHARES-REINVESTED>                         31,024,025
<NET-CHANGE-IN-ASSETS>                    (27,139,188)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (3,605,433)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,188,350
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,253,199
<AVERAGE-NET-ASSETS>                       780,176,852
<PER-SHARE-NAV-BEGIN>                            10.47
<PER-SHARE-NII>                                   0.50
<PER-SHARE-GAIN-APPREC>                           0.10
<PER-SHARE-DIVIDEND>                            (0.50)
<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> 4
   <NAME> TAX EXEMPT MONEY MARKET FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                    1,517,346,617
<INVESTMENTS-AT-VALUE>                   1,517,346,617
<RECEIVABLES>                               14,376,601
<ASSETS-OTHER>                               4,120,223
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,535,843,441
<PAYABLE-FOR-SECURITIES>                     1,500,167
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    5,166,828
<TOTAL-LIABILITIES>                          6,666,995
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,529,176,446
<SHARES-COMMON-STOCK>                    1,529,176,446
<SHARES-COMMON-PRIOR>                    1,456,746,513
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                             1,529,176,446
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           57,941,846
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (5,810,245)
<NET-INVESTMENT-INCOME>                     52,131,601
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                       52,131,601
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (52,131,601)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                  1,826,253,517
<NUMBER-OF-SHARES-REDEEMED>            (1,802,863,157)
<SHARES-REINVESTED>                         49,039,572
<NET-CHANGE-IN-ASSETS>                      72,429,932
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        4,067,473
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,810,245
<AVERAGE-NET-ASSETS>                     1,452,078,155
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                            (0.04)
<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>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                      393,514,649
<INVESTMENTS-AT-VALUE>                     411,425,775
<RECEIVABLES>                                6,737,994
<ASSETS-OTHER>                                 162,472
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             418,326,241
<PAYABLE-FOR-SECURITIES>                     8,379,860
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      766,637
<TOTAL-LIABILITIES>                          9,146,497
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   398,914,720
<SHARES-COMMON-STOCK>                       39,243,890
<SHARES-COMMON-PRIOR>                       36,918,761
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (7,646,103)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    17,911,127
<NET-ASSETS>                               409,179,744
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           24,514,610
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,689,536)
<NET-INVESTMENT-INCOME>                     22,825,074
<REALIZED-GAINS-CURRENT>                     3,355,472
<APPREC-INCREASE-CURRENT>                    8,681,230
<NET-CHANGE-FROM-OPS>                       34,861,776
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (22,825,074)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     64,140,134
<NUMBER-OF-SHARES-REDEEMED>               (55,970,863)
<SHARES-REINVESTED>                         16,096,883
<NET-CHANGE-IN-ASSETS>                      36,302,856
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                 (11,001,575)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,281,538
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,689,536
<AVERAGE-NET-ASSETS>                       396,281,780
<PER-SHARE-NAV-BEGIN>                            10.10
<PER-SHARE-NII>                                   0.60
<PER-SHARE-GAIN-APPREC>                           0.33
<PER-SHARE-DIVIDEND>                            (0.60)
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.43
<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>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                      293,203,134
<INVESTMENTS-AT-VALUE>                     293,203,134
<RECEIVABLES>                                2,601,939
<ASSETS-OTHER>                               1,191,331
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             296,996,404
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      647,040
<TOTAL-LIABILITIES>                            647,040
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   296,349,364
<SHARES-COMMON-STOCK>                      296,349,364
<SHARES-COMMON-PRIOR>                      266,763,583
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               296,349,364
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           10,998,864
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,287,462)
<NET-INVESTMENT-INCOME>                      9,711,402
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        9,711,402
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (9,711,402)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    262,179,099
<NUMBER-OF-SHARES-REDEEMED>              (241,558,050)
<SHARES-REINVESTED>                          8,964,732
<NET-CHANGE-IN-ASSETS>                      29,585,781
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          890,228
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,287,462
<AVERAGE-NET-ASSETS>                       276,133,728
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                            (0.04)
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               1.00
<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> 7
   <NAME> NEW YORK BOND FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                       53,879,814
<INVESTMENTS-AT-VALUE>                      55,464,180
<RECEIVABLES>                                  848,105
<ASSETS-OTHER>                                  96,072
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              56,408,357
<PAYABLE-FOR-SECURITIES>                     2,275,105
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      145,901
<TOTAL-LIABILITIES>                          2,421,006
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    55,144,005
<SHARES-COMMON-STOCK>                        4,928,623
<SHARES-COMMON-PRIOR>                        4,690,174
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (2,741,021)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,584,367
<NET-ASSETS>                                53,987,351
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            3,313,102
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (263,800)
<NET-INVESTMENT-INCOME>                      3,049,302
<REALIZED-GAINS-CURRENT>                       657,401
<APPREC-INCREASE-CURRENT>                      190,991
<NET-CHANGE-FROM-OPS>                        3,897,694
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (3,049,302)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     14,007,788
<NUMBER-OF-SHARES-REDEEMED>               (13,738,320)
<SHARES-REINVESTED>                          2,362,566
<NET-CHANGE-IN-ASSETS>                       3,480,426
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (3,398,422)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          242,866
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                366,718
<AVERAGE-NET-ASSETS>                        52,878,826
<PER-SHARE-NAV-BEGIN>                            10.77
<PER-SHARE-NII>                                   0.63
<PER-SHARE-GAIN-APPREC>                           0.18
<PER-SHARE-DIVIDEND>                            (0.63)
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.95
<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>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                       45,480,445
<INVESTMENTS-AT-VALUE>                      45,480,445
<RECEIVABLES>                                  318,535
<ASSETS-OTHER>                                 407,065
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              46,206,045
<PAYABLE-FOR-SECURITIES>                       501,087
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      151,236
<TOTAL-LIABILITIES>                            652,323
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    45,553,722
<SHARES-COMMON-STOCK>                       45,553,722
<SHARES-COMMON-PRIOR>                       27,525,020
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                45,553,722
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            1,337,229
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (167,205)
<NET-INVESTMENT-INCOME>                      1,170,024
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        1,170,024
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,170,024)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     51,172,641
<NUMBER-OF-SHARES-REDEEMED>               (34,263,726)
<SHARES-REINVESTED>                          1,119,787
<NET-CHANGE-IN-ASSETS>                      18,028,702
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          154,397
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                264,588
<AVERAGE-NET-ASSETS>                        33,736,319
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                            (0.04)
<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>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                      266,908,451
<INVESTMENTS-AT-VALUE>                     276,004,998
<RECEIVABLES>                                4,440,716
<ASSETS-OTHER>                                 137,670
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             280,583,384
<PAYABLE-FOR-SECURITIES>                    12,870,280
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      602,486
<TOTAL-LIABILITIES>                         13,472,766
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   262,181,014
<SHARES-COMMON-STOCK>                       24,439,920
<SHARES-COMMON-PRIOR>                       22,204,381
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (4,166,943)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     9,096,547
<NET-ASSETS>                               267,110,618
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           15,809,043
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,208,861)
<NET-INVESTMENT-INCOME>                     14,600,182
<REALIZED-GAINS-CURRENT>                   (1,253,454)
<APPREC-INCREASE-CURRENT>                    4,801,023
<NET-CHANGE-FROM-OPS>                       18,147,751
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (14,600,182)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     42,550,072
<NUMBER-OF-SHARES-REDEEMED>               (28,951,728)
<SHARES-REINVESTED>                         11,044,669
<NET-CHANGE-IN-ASSETS>                      28,190,582
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (2,913,489)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          869,725
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,208,861
<AVERAGE-NET-ASSETS>                       253,783,584
<PER-SHARE-NAV-BEGIN>                            10.76
<PER-SHARE-NII>                                   0.63
<PER-SHARE-GAIN-APPREC>                           0.17
<PER-SHARE-DIVIDEND>                            (0.63)
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.93
<EXPENSE-RATIO>                                   0.48
<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>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                      109,603,681
<INVESTMENTS-AT-VALUE>                     109,603,681
<RECEIVABLES>                                  923,260
<ASSETS-OTHER>                                 205,134
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             110,732,075
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      424,155
<TOTAL-LIABILITIES>                            424,155
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   110,307,920
<SHARES-COMMON-STOCK>                      110,307,920
<SHARES-COMMON-PRIOR>                       98,048,614
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               110,307,920
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            4,001,451
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (515,128)
<NET-INVESTMENT-INCOME>                      3,486,323
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        3,486,323
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (3,486,323)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     92,210,015
<NUMBER-OF-SHARES-REDEEMED>               (83,236,712)
<SHARES-REINVESTED>                          3,286,003
<NET-CHANGE-IN-ASSETS>                      12,259,306
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          354,537
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                573,755
<AVERAGE-NET-ASSETS>                       103,660,528
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                            (0.03)
<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>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission