<PAGE> PAGE 1
000 A000000 09/30/96
000 C000000 356822
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 SAFECO MONEY MARKET TRUST
001 B000000 811-3347
001 C000000 2065455172
002 A000000 SAFECO PLAZA S-1
002 B000000 SEATTLE
002 C000000 WA
002 D010000 98185
002 D020000 0000
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 SAFECO MONEY MARKET FUND
007 C030100 N
007 C010200 2
007 C020200 SAFECO TAX-FREE MONEY MARKET FUND
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 SAFECO ASSET MANAGEMENT COMPANY
008 B00AA01 A
008 C00AA01 801-8254
008 D01AA01 SEATTLE
008 D02AA01 WA
008 D03AA01 98185
011 A00AA01 SAFECO SECURITIES, INC.
011 B00AA01 8-13470
011 C01AA01 SEATTLE
011 C02AA01 WA
011 C03AA01 98185
012 A00AA01 SAFECO SERVICES CORP.
012 B00AA01 84-00138
012 C01AA01 SEATTLE
<PAGE> PAGE 2
012 C02AA01 WA
012 C03AA01 98185
013 A00AA01 ERNST & YOUNG
013 B01AA01 SEATTLE
013 B02AA01 WA
013 B03AA01 98104
013 B04AA01 4086
015 A00AA01 U.S. BANK OF WASHINGTON, N.A.
015 B00AA01 C
015 C01AA01 SEATTLE
015 C02AA01 WA
015 C03AA01 98101
015 E01AA01 X
015 A00AA02 BANK OF NEW YORK
015 B00AA02 S
015 C01AA02 NEW YORK
015 C02AA02 NY
015 C03AA02 10015
015 E01AA02 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 31
019 C00AA00 SAFECOFUND
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 MERRILL, LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000001 13-5674085
022 C000001 2367734
022 D000001 12060
022 A000002 BA SECURITIES
022 B000002 95-4035346
022 C000002 536536
022 D000002 0
022 A000003 CS FIRST BOSTON GROUP, INC.
022 B000003 13-5659485
022 C000003 55265
022 D000003 0
022 A000004 AIM TAX-EXEMPT MONEY MARKET FUND, INC.
022 B000004 76-0026440
022 C000004 15883
022 D000004 15896
022 A000005 LEHMAN BROTHERS, INC.
<PAGE> PAGE 3
022 B000005 13-2518466
022 C000005 27143
022 D000005 1000
022 A000006 CITICORP FINANCIAL SERVICES, INC.
022 B000006 13-3187336
022 C000006 27745
022 D000006 0
022 A000007 FEDERATED TAX-FREE TRUST
022 B000007 25-6207710
022 C000007 8173
022 D000007 8172
022 A000008 FORD MOTOR CREDIT CO.
022 B000008 38-1612444
022 C000008 19762
022 D000008 0
022 A000009 GENERAL ELECTRIC CAPITAL CORP.
022 B000009 13-1500700
022 C000009 19503
022 D000009 0
022 A000010 GENERAL MOTORS ACCEPTANCE CORP.
022 B000010 38-0570512
022 C000010 19332
022 D000010 0
023 C000000 3191703
023 D000000 48910
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
<PAGE> PAGE 4
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 Y
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 Y
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 Y
077 I000000 Y
078 000000 N
080 A00AA00 UNITED PACIFIC INSURANCE COMPANY
080 B00AA00 0
080 C00AA00 3000
081 A00AA00 N
<PAGE> PAGE 5
081 B00AA00 0
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
086 A01AA00 0
086 A02AA00 0
086 B01AA00 0
086 B02AA00 0
086 C01AA00 0
086 C02AA00 0
086 D01AA00 0
086 D02AA00 0
086 E01AA00 0
086 E02AA00 0
086 F01AA00 0
086 F02AA00 0
024 000100 Y
025 A000101 MERRILL, LYNCH, PIERCE, FENNER & SMITH, INC.
025 B000101 13-5674085
025 C000101 D
025 D000101 3974
025 A000102 CS FIRST BOSTON GROUP
025 B000102 13-5659485
025 C000102 D
025 D000102 7947
025 A000103 DEAN WITTER, DISCOVER
025 B000103 94-1671384
025 C000103 D
025 D000103 8500
025 A000104 DELETE
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
<PAGE> PAGE 6
025 D000108 0
028 A010100 49053
028 A020100 580
028 A030100 0
028 A040100 54864
028 B010100 38553
028 B020100 563
028 B030100 0
028 B040100 43069
028 C010100 22476
028 C020100 504
028 C030100 0
028 C040100 27463
028 D010100 56152
028 D020100 646
028 D030100 0
028 D040100 30395
028 E010100 24909
028 E020100 629
028 E030100 0
028 E040100 27161
028 F010100 29749
028 F020100 603
028 F030100 0
028 F040100 39156
028 G010100 220892
028 G020100 3525
028 G030100 0
028 G040100 222108
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 250000
048 A020100 0.500
048 B010100 250000
048 B020100 0.400
048 C010100 250000
048 C020100 0.300
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
<PAGE> PAGE 7
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 750000
048 K020100 0.250
062 A000100 Y
062 B000100 0.0
062 C000100 10.6
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 73.6
062 J000100 0.0
062 K000100 0.0
062 L000100 14.6
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 35
063 B000100 0.0
064 A000100 Y
064 B000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 N
070 L020100 N
<PAGE> PAGE 8
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 Y
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 6
072 B000100 4575
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 425
072 G000100 0
072 H000100 0
072 I000100 228
072 J000100 12
072 K000100 0
072 L000100 16
072 M000100 3
072 N000100 0
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072 R000100 11
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072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 0
072 X000100 695
072 Y000100 0
072 Z000100 3880
072AA000100 0
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 3880
072DD020100 0
072EE000100 0
073 A010100 0.0200
073 A020100 0.0000
<PAGE> PAGE 9
073 B000100 0.0000
073 C000100 0.0000
074 A000100 3
074 B000100 0
074 C000100 165490
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 3469
074 M000100 0
074 N000100 168962
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 1531
074 S000100 0
074 T000100 167431
074 U010100 167431
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 0.9999
074 X000100 10167
074 Y000100 0
075 A000100 167529
075 B000100 0
076 000100 0.00
024 000200 N
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 11127
028 A020200 187
028 A030200 0
028 A040200 14431
028 B010200 7693
028 B020200 182
028 B030200 0
<PAGE> PAGE 10
028 B040200 9536
028 C010200 5777
028 C020200 150
028 C030200 0
028 C040200 8370
028 D010200 9725
028 D020200 171
028 D030200 0
028 D040200 6414
028 E010200 5386
028 E020200 168
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028 F020200 175
028 F030200 0
028 F040200 6910
028 G010200 45082
028 G020200 1033
028 G030200 0
028 G040200 50456
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 100000
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048 B010200 150000
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048 F010200 0
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048 G010200 0
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048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
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048 J020200 0.000
048 K010200 500000
048 K020200 0.200
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
<PAGE> PAGE 11
062 D000200 0.0
062 E000200 100.3
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 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 46
063 B000200 0.0
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 N
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 Y
070 O020200 Y
070 P010200 N
070 P020200 N
<PAGE> PAGE 12
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 1407
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 192
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072 J000200 6
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072 Y000200 0
072 Z000200 1156
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073 A010200 0.0200
073 A020200 0.0000
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074 A000200 1
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074 C000200 75570
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<PAGE> PAGE 13
074 G000200 0
074 H000200 0
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074 K000200 0
074 L000200 1084
074 M000200 0
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074 R030200 0
074 R040200 1294
074 S000200 0
074 T000200 75361
074 U010200 75361
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074 X000200 1968
074 Y000200 0
075 A000200 76121
075 B000200 0
076 000200 0.00
SIGNATURE DAVID F. HILL
TITLE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000356822
<NAME> SAFECO MONEY MARKET TRUST
<SERIES>
<NUMBER> 1
<NAME> SAFECO MONEY MARKET FUND
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> SEMI-ANNUAL
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-START> APR-01-1996
<PERIOD-END> SEP-30-1996
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 165,490
<INVESTMENTS-AT-VALUE> 165,490
<RECEIVABLES> 3,469
<ASSETS-OTHER> 3
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 168,962
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,531
<TOTAL-LIABILITIES> 1,531
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 167,431
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,575
<OTHER-INCOME> 0
<EXPENSES-NET> 695
<NET-INVESTMENT-INCOME> 3,880
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3,880
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,880
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 220,892
<NUMBER-OF-SHARES-REDEEMED> (222,108)
<SHARES-REINVESTED> 3,525
<NET-CHANGE-IN-ASSETS> 2,309
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 425
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 695
<AVERAGE-NET-ASSETS> 167,529
<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
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.83
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000356822
<NAME> SAFECO MONEY MARKET TRUST
<SERIES>
<NUMBER> 2
<NAME> SAFECO TAX-FREE MONEY MARKET FUND
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> SEMI-ANNUAL
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-START> APR-01-1996
<PERIOD-END> SEP-30-1996
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 75,570
<INVESTMENTS-AT-VALUE> 75,570
<RECEIVABLES> 1,084
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 76,655
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,294
<TOTAL-LIABILITIES> 1,294
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 75,361
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,407
<OTHER-INCOME> 0
<EXPENSES-NET> 251
<NET-INVESTMENT-INCOME> 1,156
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,156
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,156
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 45,082
<NUMBER-OF-SHARES-REDEEMED> (50,456)
<SHARES-REINVESTED> 1,033
<NET-CHANGE-IN-ASSETS> 4,341
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 192
<INTEREST-EXPENSE> 1
<GROSS-EXPENSE> 251
<AVERAGE-NET-ASSETS> 76,121
<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
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.66
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
Attachment 77(I)
The SAFECO Money Market Fund, a series of the registrant,
began issuing Class A shares and Class B shares of common
stock at $.001 par value on September 30, 1996. Class A and
Class B shares are issued and redeemed at net asset value
and no initial or deferred sales charges apply.
