DAILY CASH ACCUMULATION FUND INC
NSAR-A, 1996-08-27
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SIGNATURE   GEORGE C. BOWEN                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6                                             
<CIK>                                                                 45129
<NAME>        Daily Cash Accumulation Fund, Inc.
       
<S>                                                     <C>
<PERIOD-TYPE>                                           6-MOS
<FISCAL-YEAR-END>                                       DEC-31-1996
<PERIOD-START>                                          JAN-01-1996
<PERIOD-END>                                            JUN-30-1996
<INVESTMENTS-AT-COST>                                         3,491,504,558
<INVESTMENTS-AT-VALUE>                                        3,491,504,558
<RECEIVABLES>                                                     9,462,058
<ASSETS-OTHER>                                                       26,894
<OTHER-ITEMS-ASSETS>                                              5,814,389
<TOTAL-ASSETS>                                                3,506,807,899
<PAYABLE-FOR-SECURITIES>                                                  0
<SENIOR-LONG-TERM-DEBT>                                                   0
<OTHER-ITEMS-LIABILITIES>                                        40,500,649
<TOTAL-LIABILITIES>                                              40,500,649
<SENIOR-EQUITY>                                                           0
<PAID-IN-CAPITAL-COMMON>                                      3,466,152,237
<SHARES-COMMON-STOCK>                                         3,466,152,237
<SHARES-COMMON-PRIOR>                                         3,523,588,384
<ACCUMULATED-NII-CURRENT>                                                 0
<OVERDISTRIBUTION-NII>                                                    0
<ACCUMULATED-NET-GAINS>                                             155,013
<OVERDISTRIBUTION-GAINS>                                                  0
<ACCUM-APPREC-OR-DEPREC>                                                  0
<NET-ASSETS>                                                  3,466,307,250
<DIVIDEND-INCOME>                                                         0
<INTEREST-INCOME>                                                99,556,295
<OTHER-INCOME>                                                            0
<EXPENSES-NET>                                                   12,122,817
<NET-INVESTMENT-INCOME>                                          87,433,478
<REALIZED-GAINS-CURRENT>                                                995
<APPREC-INCREASE-CURRENT>                                                 0
<NET-CHANGE-FROM-OPS>                                            87,434,473
<EQUALIZATION>                                                            0
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<DISTRIBUTIONS-OF-GAINS>                                                  0
<DISTRIBUTIONS-OTHER>                                                     0
<NUMBER-OF-SHARES-SOLD>                                       3,732,241,386
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<SHARES-REINVESTED>                                              81,575,064
<NET-CHANGE-IN-ASSETS>                                          (57,417,851)
<ACCUMULATED-NII-PRIOR>                                                   0
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<OVERDISTRIB-NII-PRIOR>                                                   0
<OVERDIST-NET-GAINS-PRIOR>                                                0
<GROSS-ADVISORY-FEES>                                             6,724,349
<INTEREST-EXPENSE>                                                        0
<GROSS-EXPENSE>                                                  12,122,817
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<EXPENSE-RATIO>                                                           0.67
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<AVG-DEBT-PER-SHARE>                                                      0.00
        

</TABLE>


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