<PAGE> PAGE 1
000 A000000 12/31/96
000 C000000 703875
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 2.2.a
000 J000000 A
001 A000000 PAINEWEBBER RMA TAX-FREE FUND, INC
001 B000000 811-3504
001 C000000 2127131074
002 A000000 1285 AVENUE OF THE AMERICAS
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10019
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
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 A000001 PAINEWEBBER INC
008 B000001 A
008 C000001 801-16267
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10019
008 A000002 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000002 S
008 C000002 801-13219
008 D010002 NEW YORK
008 D020002 NY
008 D030002 10019
010 A000001 PAINEWEBBER INC.
010 B000001 801-16267
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10019
011 A000001 PAINEWEBBER INCORPORATED
011 B000001 8-16267
<PAGE> PAGE 2
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10019
012 A000001 PROVIDENT FINANCIAL PROCESSING CORP.
012 B000001 84-0000
012 C010001 WILMINGTON
012 C020001 DE
012 C030001 19809
013 A000001 ERNST & YOUNG LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10019
014 A000001 PAINEWEBBER INCORPORATED
014 B000001 8-16267
014 A000002 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
014 B000002 8-21901
015 A000001 STATE STREET BANK AND TRUST CO.
015 B000001 C
015 C010001 QUINCY
015 C020001 MA
015 C030001 02171
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 63
019 C000000 PAINEWEBBE
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 GOLDMAN SACHS
022 B000001 13-5674085
022 C000001 1066600
022 D000001 46122
022 A000002 MORGAN STANLEY AND CO. INC.
022 B000002 13-2655998
022 C000002 405553
022 D000002 141090
022 A000003 LEHMAN BROTHERS
022 C000003 393659
022 D000003 51617
022 A000004 SMITH BARNEY
022 B000004 13-3371860
022 C000004 293081
<PAGE> PAGE 3
022 D000004 58110
022 A000005 J.P. MORGAN
022 B000005 51-0261810
022 C000005 246698
022 D000005 70195
022 A000006 BANKERS TRUST COMPANY
022 B000006 13-4941247
022 C000006 167535
022 D000006 107237
022 A000007 NUVEEN (JOHN) & COMPANY
022 B000007 36-2639476
022 C000007 127850
022 D000007 107665
022 A000008 MERRILL LYNCH
022 B000008 13-5674085
022 C000008 93183
022 D000008 26630
022 A000009 PRUDENTIAL SECURITIES
022 C000009 30922
022 D000009 22200
022 A000010 BEAR STEARNS
022 C000010 39632
022 D000010 3500
023 C000000 3080711
023 D000000 816350
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
028 A010000 945627
028 A020000 4121
028 A030000 0
028 A040000 893186
028 B010000 852334
028 B020000 5826
028 B030000 0
<PAGE> PAGE 4
028 B040000 833694
028 C010000 819179
028 C020000 4659
028 C030000 0
028 C040000 894009
028 D010000 853562
028 D020000 4427
028 D030000 0
028 D040000 911911
028 E010000 916051
028 E020000 5464
028 E030000 0
028 E040000 859455
028 F010000 1065887
028 F020000 4560
028 F030000 0
028 F040000 1102925
028 G010000 5452640
028 G020000 29057
028 G030000 0
028 G040000 5495180
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 Y
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 100
043 000000 844
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
<PAGE> PAGE 5
048 000000 0.000
048 A010000 1000000
048 A020000 0.500
048 B010000 500000
048 B020000 0.440
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 1500000
048 K020000 0.360
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
<PAGE> PAGE 6
061 000000 0
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 103.3
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 57
063 B000000 0.0
064 A000000 Y
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 N
<PAGE> PAGE 7
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 0
071 B000000 0
071 C000000 0
071 D000000 0
072 A000000 6
072 B000000 36758
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 4704
072 G000000 0
072 H000000 0
072 I000000 341
072 J000000 36
072 K000000 44
072 L000000 63
072 M000000 6
072 N000000 101
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 43
072 S000000 50
072 T000000 844
072 U000000 0
072 V000000 0
072 W000000 220
072 X000000 6452
072 Y000000 0
072 Z000000 30306
072AA000000 46
072BB000000 0
072CC010000 0
072CC020000 0
072DD010000 30306
072DD020000 0
072EE000000 0
073 A010000 0.0140
<PAGE> PAGE 8
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 2066579
074 D000000 0
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 12397
074 M000000 432
074 N000000 2079408
074 O000000 44510
074 P000000 30784
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 4103
074 S000000 0
074 T000000 2000011
074 U010000 2001294
074 U020000 0
074 V010000 1.00
074 V020000 0.00
074 W000000 0.9997
074 X000000 40763
074 Y000000 0
075 A000000 2092125
075 B000000 0
076 000000 0.00
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 Y
077 N000000 N
077 O000000 N
<PAGE> PAGE 9
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 C000000 45000
081 A000000 Y
081 B000000 62
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 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
SIGNATURE JULIAN SLUYTERS
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000703875
<NAME> PAINEWEBBER RMA TAX-FREE FUND, INC.
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-START> JUL-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 2066579
<INVESTMENTS-AT-VALUE> 2066579
<RECEIVABLES> 12397
<ASSETS-OTHER> 432
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2079408
<PAYABLE-FOR-SECURITIES> 44510
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34887
<TOTAL-LIABILITIES> 79397
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2001211
<SHARES-COMMON-STOCK> 2001294
<SHARES-COMMON-PRIOR> 2014778
<ACCUMULATED-NII-CURRENT> (300)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (900)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 2000011
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 36758
<OTHER-INCOME> 0
<EXPENSES-NET> (6452)
<NET-INVESTMENT-INCOME> 30306
<REALIZED-GAINS-CURRENT> 46
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 30352
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 30306
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5452640
<NUMBER-OF-SHARES-REDEEMED> (5495180)
<SHARES-REINVESTED> 29057
<NET-CHANGE-IN-ASSETS> (13437)
<ACCUMULATED-NII-PRIOR> (300)
<ACCUMULATED-GAINS-PRIOR> (946)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4704
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6452
<AVERAGE-NET-ASSETS> 2092125
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.014
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.014)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.61
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
FOR RMA Tax Free Fund
For filing period ended December 31, 1996 Exhibit 77M
File number 811-3504
The Combined Proxy Statement and Prospectus (the "Proxy Statement") included
in the Registrant's Registration Statement on Form N-14 filed with the
Securities and Exchange Commission through EDGAR on September 9, 1996,
(Accession No. : 0000898432-96-000389),is incorporated herein by reference
in response to this Sub-Item. The transaction described in the Proxy
Statement was consummated on November 26, 1996. Pursuant to state law,
no vote of the Registrant's shareholders was required. Actions required by
applicable state law, such as the registration of additional shares of the
Registrant under certain Blue Sky laws, either have been or will be effected
in accordance with such laws.
FOR RMA Tax Free Fund
For filing period ended December 31, 1996 Exhibit 77Q(1)
File number 811-3504
The Combined Proxy Statement and Prospectus (the "Proxy Statement") included
in the Registrant's Registration Statement on Form N-14 filed with the
Securities and Exchange Commission through EDGAR on September 9, 1996,
(Accession No. : 0000898432-96-000389), is incorporated herein by reference
in response to this Sub-Item.
