<PAGE> PAGE 1
000 A000000 06/30/97
000 C000000 0000704348
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 FREEDOM GROUP OF TAX EXEMPT FUNDS
001 B000000 811-3519
001 C000000 6177252300
002 A000000 ONE BEACON STREET 6TH FLOOR
002 B000000 BOSTON
002 C000000 MA
002 D010000 02108
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 FREEDOM TAX EXEMPT MONEY FUND
007 C030100 N
007 C010200 2
007 C020200 FREEDOM CALIFORNIA TAX EXEMPT MONEY 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 FREEDOM CAPITAL MANAGEMENT CO.
008 B00AA01 A
008 C00AA01 801-42
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02108
011 A00AA01 TUCKER ANTHONY INC.
011 B00AA01 8-196
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02108
011 A00AA02 FREEDOM DISTRIBUTORS CORP.
011 B00AA02 8-37458
011 C01AA02 BOSTON
011 C02AA02 MA
<PAGE> PAGE 2
011 C03AA02 02108
011 A00AA03 SUTRO & CO.
011 B00AA03 8-15491
011 C01AA03 SAN FRANCISCO
011 C02AA03 CA
011 C03AA03 94111
012 A00AA01 JOHN HANCOCK SIGNATURE SERVICES, INC.
012 B00AA01 84-1885
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02199
013 A00AA01 PRICE WATERHOUSE
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA01 TUCKER ANTHONY INC.
014 B00AA01 8-196
014 A00AA02 FREEDOM DISTRIBUTORS CORP.
014 B00AA02 8-37458
014 A00AA03 SUTRO & CO.
014 B00AA03 8-15491
015 A00AA01 STATE STREET BANK & TRUST CO.
015 B00AA01 C
015 C01AA01 NORTH QUINCY
015 C02AA01 MA
015 C03AA01 02171
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 4
019 C00AA00 FREEDOMFAM
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 SMITH BARNEY
022 B000001 13-1912900
022 C000001 117157
022 D000001 66624
022 A000002 PAINE WEBBER INC.
022 B000002 13-2638166
022 C000002 105900
022 D000002 75950
022 A000003 MERRILL LYNCH
<PAGE> PAGE 3
022 B000003 13-5674085
022 C000003 100414
022 D000003 49550
022 A000004 GOLDMAN SACHS
022 B000004 13-5108880
022 C000004 51016
022 D000004 10600
022 A000005 MORGAN STANLEY
022 B000005 13-2655998
022 C000005 28365
022 D000005 19465
022 A000006 LEHMAN BROTHERS
022 B000006 13-2663822
022 C000006 21278
022 D000006 0
022 A000007 BEAR STEARNS & CO.
022 B000007 13-4946705
022 C000007 13517
022 D000007 7500
022 A000008 CITICORP SECURITIES
022 B000008 13-2771536
022 C000008 5500
022 D000008 10900
022 A000009 PIPER JAFFREY
022 B000009 04-0953246
022 C000009 3839
022 D000009 7809
022 A000010 BANK OF AMERICA
022 B000010 95-4035346
022 C000010 1300
022 D000010 3200
023 C000000 469395
023 D000000 289506
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
<PAGE> PAGE 4
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
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
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.000
048 A01AA00 500000
048 A02AA00 0.500
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 500000
<PAGE> PAGE 5
048 K02AA00 0.450
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
077 A000000 Y
077 Q010000 Y
078 000000 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
028 A010100 131044
028 A020100 308
028 A030100 0
028 A040100 103735
028 B010100 67844
028 B020100 660
028 B030100 0
028 B040100 94678
028 C010100 80511
028 C020100 528
028 C030100 0
028 C040100 88193
028 D010100 74693
028 D020100 600
028 D030100 0
028 D040100 91312
028 E010100 80837
028 E020100 672
028 E030100 0
028 E040100 73600
<PAGE> PAGE 6
028 F010100 94884
028 F020100 667
028 F030100 0
028 F040100 72619
028 G010100 529813
028 G020100 3435
028 G030100 0
028 G040100 524137
028 H000100 0
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
055 A000100 Y
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 1000
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 100.6
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 -0.6
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 34
063 B000100 0.0
064 A000100 Y
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
<PAGE> PAGE 7
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 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 Y
070 P010100 Y
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 4749
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 658
072 G000100 0
072 H000100 0
072 I000100 96
072 J000100 1
072 K000100 0
072 L000100 25
<PAGE> PAGE 8
072 M000100 7
072 N000100 24
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 19
072 S000100 18
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 15
072 X000100 863
072 Y000100 0
072 Z000100 3886
072AA000100 0
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 3886
072DD020100 0
072EE000100 0
073 A010100 0.0146
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 1668
074 B000100 0
074 C000100 273757
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 4380
074 M000100 23
074 N000100 279828
074 O000100 6540
074 P000100 126
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 953
074 S000100 0
074 T000100 272209
074 U010100 272191
074 U020100 0
074 V010100 1.00
<PAGE> PAGE 9
074 V020100 0.00
074 W000100 0.9996
074 X000100 8551
074 Y000100 0
075 A000100 265480
075 B000100 0
076 000100 0.00
080 A000100 ICI MUTUAL INSURANCE CO.
080 C000100 5200
081 A000100 Y
081 B000100 8
082 A000100 Y
082 B000100 100
083 A000100 N
083 B000100 0
084 A000100 N
084 B000100 0
085 A000100 Y
085 B000100 N
028 A010200 32295
028 A020200 145
028 A030200 0
028 A040200 29933
028 B010200 25977
028 B020200 279
028 B030200 0
028 B040200 25582
028 C010200 27561
028 C020200 243
028 C030200 0
028 C040200 27260
028 D010200 26119
028 D020200 265
028 D030200 0
028 D040200 46401
028 E010200 21186
028 E020200 284
028 E030200 0
028 E040200 24490
028 F010200 26003
028 F020200 259
028 F030200 0
028 F040200 25424
028 G010200 159141
028 G020200 1475
028 G030200 0
028 G040200 179090
028 H000200 0
049 000200 N
050 000200 N
051 000200 N
<PAGE> PAGE 10
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
055 A000200 Y
055 B000200 N
056 000200 Y
057 000200 N
058 A000200 N
059 000200 Y
060 A000200 N
060 B000200 N
061 000200 1000
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 95.3
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 4.7
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 60
063 B000200 0.0
064 A000200 Y
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 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
<PAGE> PAGE 11
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
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 Y
070 P020200 N
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 1914
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 276
072 G000200 0
072 H000200 0
072 I000200 27
072 J000200 1
072 K000200 0
072 L000200 9
072 M000200 4
072 N000200 4
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 8
072 S000200 7
072 T000200 0
072 U000200 0
072 V000200 0
<PAGE> PAGE 12
072 W000200 5
072 X000200 342
072 Y000200 60
072 Z000200 1632
072AA000200 0
072BB000200 0
072CC010200 0
072CC020200 0
072DD010200 1632
072DD020200 0
072EE000200 0
073 A010200 0.0147
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 13585
074 B000200 0
074 C000200 92290
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 1328
074 M000200 2
074 N000200 107205
074 O000200 10061
074 P000200 37
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 245
074 S000200 0
074 T000200 96862
074 U010200 96860
074 U020200 0
074 V010200 1.00
074 V020200 0.00
074 W000200 1.0000
074 X000200 2264
074 Y000200 0
075 A000200 111179
075 B000200 0
076 000200 0.00
080 A000200 ICI MUTUAL INSURANCE CO
080 C000200 5200
081 A000200 Y
<PAGE> PAGE 13
081 B000200 8
082 A000200 Y
082 B000200 100
083 A000200 N
083 B000200 0
084 A000200 N
084 B000200 0
085 A000200 Y
085 B000200 N
SIGNATURE DARLENE F. REGO
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000704348
<NAME> FREEDOM GROUP OF TAX EXEMPT FUNDS
<SERIES>
<NUMBER> 1
<NAME> FREEDOM TAX EXEMPT MONEY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 273,756,545
<INVESTMENTS-AT-VALUE> 273,638,199
<RECEIVABLES> 4,379,789
<ASSETS-OTHER> 1,692,003
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 279,828,337
<PAYABLE-FOR-SECURITIES> 6,539,985
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,079,400
<TOTAL-LIABILITIES> 7,619,385
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 272,191,383
<SHARES-COMMON-STOCK> 272,191,383
<SHARES-COMMON-PRIOR> 263,081,339
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 17,569
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 272,208,952
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,748,839
<OTHER-INCOME> 0
<EXPENSES-NET> 862,673
<NET-INVESTMENT-INCOME> 3,886,166
<REALIZED-GAINS-CURRENT> 9,809
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3,895,975
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,886,166)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 529,812,735
<NUMBER-OF-SHARES-REDEEMED> (524,137,444)
<SHARES-REINVESTED> 3,434,753
<NET-CHANGE-IN-ASSETS> 9,110,044
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 17,569
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 658,244
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 862,673
<AVERAGE-NET-ASSETS> 265,479,637
<PER-SHARE-NAV-BEGIN> 0.015
<PER-SHARE-NII> 0.000
<PER-SHARE-GAIN-APPREC> (0.015)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 1.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.007
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000704348
<NAME> FREEDOM GROUP OF TAX EXEMPT FUNDS
<SERIES>
<NUMBER> 2
<NAME> FREEDOM CALIFORNIA TAX EXEMPT MONEY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 92,290,186
<INVESTMENTS-AT-VALUE> 92,291,970
<RECEIVABLES> 1,328,301
<ASSETS-OTHER> 13,586,350
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 107,204,837
<PAYABLE-FOR-SECURITIES> 10,060,960
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 281,704
<TOTAL-LIABILITIES> 10,342,664
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 96,859,965
<SHARES-COMMON-STOCK> 96,859,965
<SHARES-COMMON-PRIOR> 115,334,437
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,208
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 96,862,173
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,913,954
<OTHER-INCOME> 0
<EXPENSES-NET> 282,222
<NET-INVESTMENT-INCOME> 1,631,732
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,631,732
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,631,732)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 159,140,571
<NUMBER-OF-SHARES-REDEEMED> (179,090,073)
<SHARES-REINVESTED> 1,475,030
<NET-CHANGE-IN-ASSETS> (18,474,472)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,208
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 275,663
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 342,427
<AVERAGE-NET-ASSETS> 111,178,988
<PER-SHARE-NAV-BEGIN> 0.015
<PER-SHARE-NII> 0.000
<PER-SHARE-GAIN-APPREC> (0.015)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 1.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.005
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>