DELAWARE GROUP LIMITED TERM GOVERNMENT FUNDS INC
NSAR-B, 1996-02-28
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<PAGE>      PAGE  1
000 B000000 12/31/95
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000 F000000 Y
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001 A000000 DELAWARE GROUP LIMITED-TERM GOV'T FUNDS, INC.
001 B000000 811-3363
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022 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
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SIGNATURE   ROSEMARY E. MILNER                           
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000357059
<NAME> DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS, INC.
<SERIES>
   <NUMBER> 011
   <NAME> U.S. GOVERNMENT MONEY FUND A CLASS
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000357059
<NAME> DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS, INC.
<SERIES>
   <NUMBER> 012
   <NAME> U.S. GOVERNMENT MONEY FUND CONSULANT CLASS
       
<S>                             <C>
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</TABLE>

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<CIK> 0000357059
<NAME> DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS, INC.
<SERIES>
   <NUMBER> 021
   <NAME> LIMITED-TERM GOVERNMENT FUND A CLASS
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000357059
<NAME> DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS, INC.
<SERIES>
   <NUMBER> 022
   <NAME> LIMITED-TERM GOVERNMENT FUND B CLASS
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000357059
<NAME> DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS, INC.
<SERIES>
   <NUMBER> 023
   <NAME> LIMITED-TERM GOVERNMENT FUND C CLASS
       
<S>                             <C>
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<RECEIVABLES>                                9,353,646
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                           487,382
<TOTAL-ASSETS>                             707,558,863
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    4,302,136
<TOTAL-LIABILITIES>                          4,302,136
<SENIOR-EQUITY>                                816,013
<PAID-IN-CAPITAL-COMMON>                   815,196,742
<SHARES-COMMON-STOCK>                            3,616
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                  (119,978,389)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     7,222,361
<NET-ASSETS>                                    32,712
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           67,635,006
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               7,473,887
<NET-INVESTMENT-INCOME>                     60,161,119
<REALIZED-GAINS-CURRENT>                  (29,734,372)
<APPREC-INCREASE-CURRENT>                   34,845,517
<NET-CHANGE-FROM-OPS>                       65,272,264
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          164
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          3,670
<NUMBER-OF-SHARES-REDEEMED>                         72
<SHARES-REINVESTED>                                 18
<NET-CHANGE-IN-ASSETS>                     129,788,557
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                 (92,390,989)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,884,636
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              7,473,887
<AVERAGE-NET-ASSETS>                            15,794
<PER-SHARE-NAV-BEGIN>                            9.010
<PER-SHARE-NII>                                  0.051
<PER-SHARE-GAIN-APPREC>                          0.040
<PER-SHARE-DIVIDEND>                             0.051
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              9.050
<EXPENSE-RATIO>                                  1.810
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000357059
<NAME> DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS, INC.
<SERIES>
   <NUMBER> 024
   <NAME> LIMITED-TERM GOVERNMENT FUND INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                      690,495,474
<INVESTMENTS-AT-VALUE>                     697,717,835
<RECEIVABLES>                                9,353,646
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                           487,382
<TOTAL-ASSETS>                             707,558,863
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    4,302,136
<TOTAL-LIABILITIES>                          4,302,136
<SENIOR-EQUITY>                                816,013
<PAID-IN-CAPITAL-COMMON>                   815,196,742
<SHARES-COMMON-STOCK>                        4,140,745
<SHARES-COMMON-PRIOR>                        4,140,598
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                  (119,978,389)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     7,222,361
<NET-ASSETS>                                37,459,750
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           67,635,006
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               7,473,887
<NET-INVESTMENT-INCOME>                     60,161,119
<REALIZED-GAINS-CURRENT>                  (29,734,372)
<APPREC-INCREASE-CURRENT>                   34,845,517
<NET-CHANGE-FROM-OPS>                       65,272,264
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    2,903,493
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,090,957
<NUMBER-OF-SHARES-REDEEMED>                  1,410,138
<SHARES-REINVESTED>                            319,328
<NET-CHANGE-IN-ASSETS>                     129,788,557
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                 (92,390,989)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,884,636
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              7,473,887
<AVERAGE-NET-ASSETS>                        36,945,499
<PER-SHARE-NAV-BEGIN>                            8.990
<PER-SHARE-NII>                                  0.712
<PER-SHARE-GAIN-APPREC>                          0.060
<PER-SHARE-DIVIDEND>                             0.712
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              9.050
<EXPENSE-RATIO>                                  0.810
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

  
                                    
                                    
              Supplementary Report of Independent Auditors


To The Shareholders and Board of Directors
Delaware Group Limited-Term Government Funds, Inc.--Limited-Term
Government Fund
Delaware Group Limited-Term Government Funds, Inc.--U.S. Government
Money Series


In planning and performing our audits of the financial statements
of Delaware Group Limited-Term Government Funds, Inc.--Limited-Term
Government Fund and Delaware Group Limited-Term Government Funds,
Inc.--U.S. Government Money Series  (the  Funds ) for the year
ended December 31, 1995, we considered their internal control
structure, including procedures for safeguarding securities, in
order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply
with the requirements of Form N-SAR, not to provide assurance on
the internal control structure.

The management of the Funds is responsible for establishing and
maintaining an internal control structure. In fulfilling this
responsibility, estimates and judgments by management are required
to assess the expected benefits and related costs of internal
control structure policies and procedures. Two of the objectives of
an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded
against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's
authorization and recorded properly to permit preparation of
financial statements in conformity with generally accepted
accounting principles.

Because of inherent limitations in any internal control structure,
errors or irregularities may occur and not be detected. Also,
projection of any evaluation of the structure to future periods is
subject to the risks that it may become inadequate because of
changes in conditions or that the effectiveness of the design and
operation may deteriorate. 

Our consideration of the internal control structure would not
necessarily disclose all matters in the internal control structure
that might be material weaknesses under standards established by
the American Institute of Certified Public Accountants. A material
weakness is a condition in which the design or operation of the
specific internal control structure elements does not reduce to a
relatively low level the risk that errors or irregularities  in
amounts that would be material in relation to the financial
statements being audited may occur and not be detected within a
timely period by employees in the normal  course of performing
their assigned functions. However, we noted no matters involving
the internal control structure, including procedures for
safeguarding securities, that we consider to be material weaknesses
as defined above as of December 31, 1995.

This report is intended solely for the information and use of
management and the Securities and Exchange Commission.



                                              Ernst & Young LLP


Philadelphia, Pennsylvania
February 15, 1996



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