DELAWARE GROUP LIMITED TERM GOVERNMENT FUNDS INC
NSAR-B, 1997-02-26
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<PAGE>      PAGE  1
000 B000000 12/31/96
000 C000000 0000357059
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 DELAWARE GROUP LIMITED-TERM GOV'T FUNDS, INC.
001 B000000 811-3363
001 C000000 2152552926
002 A000000 2005 MARKET STREET
002 B000000 PHILADELPHIA
002 C000000 PA
002 D010000 19103
003  000000 N
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007 C030100 N
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020 A000004 DONALDSON LUFKIN & JENRETTE SECURITIES, INC.
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<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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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>
<PERIOD-TYPE>                   12-MOS
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<INVESTMENTS-AT-VALUE>                      15,408,842
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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 CONSULTANT CLASS
       
<S>                             <C>
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<PERIOD-END>                               DEC-31-1996
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</TABLE>

<TABLE> <S> <C>

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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>
<PERIOD-TYPE>                   12-MOS
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<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,998,870
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,672,843
<AVERAGE-NET-ASSETS>                        12,893,536
<PER-SHARE-NAV-BEGIN>                            9.050
<PER-SHARE-NII>                                  0.524
<PER-SHARE-GAIN-APPREC>                        (0.280)
<PER-SHARE-DIVIDEND>                             0.524    
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              8.770
<EXPENSE-RATIO>                                  1.780
<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> 023
   <NAME> LIMITED-TERM GOVERNMENT FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      504,902,364
<INVESTMENTS-AT-VALUE>                     507,673,905
<RECEIVABLES>                               15,175,835
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                         1,515,802
<TOTAL-ASSETS>                             524,365,542
<PAYABLE-FOR-SECURITIES>                     9,995,000
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,323,333
<TOTAL-LIABILITIES>                         13,318,333
<SENIOR-EQUITY>                                 58,277
<PAID-IN-CAPITAL-COMMON>                   645,991,686
<SHARES-COMMON-STOCK>                          352,341
<SHARES-COMMON-PRIOR>                            3,617
<ACCUMULATED-NII-CURRENT>                       10,749
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                  (138,824,105)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     3,810,602
<NET-ASSETS>                                 3,089,779
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           46,358,864
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               5,672,843
<NET-INVESTMENT-INCOME>                     40,686,021
<REALIZED-GAINS-CURRENT>                  (16,698,744)
<APPREC-INCREASE-CURRENT>                  (3,411,759)
<NET-CHANGE-FROM-OPS>                       20,575,518
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       80,760
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        381,776
<NUMBER-OF-SHARES-REDEEMED>                     41,739
<SHARES-REINVESTED>                              8,688
<NET-CHANGE-IN-ASSETS>                   (192,209,518)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                (122,125,362)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,998,870
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,672,843
<AVERAGE-NET-ASSETS>                         1,396,031
<PER-SHARE-NAV-BEGIN>                            9.050
<PER-SHARE-NII>                                  0.524
<PER-SHARE-GAIN-APPREC>                        (0.280)
<PER-SHARE-DIVIDEND>                             0.524    
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              8.770
<EXPENSE-RATIO>                                  1.780
<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-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      504,902,364
<INVESTMENTS-AT-VALUE>                     507,673,905
<RECEIVABLES>                               15,175,835
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                         1,515,802
<TOTAL-ASSETS>                             524,365,542
<PAYABLE-FOR-SECURITIES>                     9,995,000
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,323,333
<TOTAL-LIABILITIES>                         13,318,333
<SENIOR-EQUITY>                                 58,277
<PAID-IN-CAPITAL-COMMON>                   645,991,686
<SHARES-COMMON-STOCK>                        3,460,786
<SHARES-COMMON-PRIOR>                        4,140,745    
<ACCUMULATED-NII-CURRENT>                       10,749
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                  (138,824,105)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     3,810,602
<NET-ASSETS>                                30,348,633 
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           46,358,864
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               5,672,843
<NET-INVESTMENT-INCOME>                     40,686,021
<REALIZED-GAINS-CURRENT>                  (16,698,744)
<APPREC-INCREASE-CURRENT>                  (3,411,759)
<NET-CHANGE-FROM-OPS>                       20,575,518
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    2,304,509  
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,295,392  
<NUMBER-OF-SHARES-REDEEMED>                  2,235,622
<SHARES-REINVESTED>                            260,271
<NET-CHANGE-IN-ASSETS>                   (192,209,518)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                (122,125,362)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,998,870
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,672,843
<AVERAGE-NET-ASSETS>                        33,313,060 
<PER-SHARE-NAV-BEGIN>                            9.050
<PER-SHARE-NII>                                  0.613
<PER-SHARE-GAIN-APPREC>                        (0.280)
<PER-SHARE-DIVIDEND>                             0.613    
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              8.770
<EXPENSE-RATIO>                                  0.780
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>




Report of Independent Auditors

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

In planning and performing our audit of the financial statements
of Delaware Group Limited-Term Government Funds, Inc. - U.S.
Government Money Fund (the "Fund") for the year ended December
31, 1996, we considered its 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 Fund 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 risk 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, 1996.

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


February 12, 1997


Report of Independent Auditors

To the Shareholders and Board of Directors
Delaware Group Limited-Term Government Funds, Inc. - Limited-Term
Government Fund 

In planning and performing our audit of the financial statements
of Delaware Group Limited-Term Government Funds, Inc. - Limited
Term Government Fund (the "Fund") for the year ended December 31,
1996, we considered its 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 Fund 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 risk 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, 1996.

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


February 18, 1997



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