<PAGE> PAGE 1
000 B000000 07/31/98
000 C000000 0000715997
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 MUNICIPAL FUND FOR NEW YORK INVESTORS, INC.
001 B000000 811-3678
001 C000000 3027912919
002 A000000 400 BELLEVUE PARKWAY SUITE 100
002 B000000 WILMINGTON
002 C000000 DE
002 D010000 19809
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 BLACKROCK INSTITUTIONAL MANAGEMENT CORP.
008 B000001 A
008 C000001 801-13304
008 D010001 WILMINGTON
008 D020001 DE
008 D030001 19809
008 A000002 PNC BANK, NATIONAL ASSOCIATION
008 B000002 S
008 C000002 801-000000
008 D010002 PHILADELPHIA
008 D020002 PA
008 D030002 19101
010 A000001 PFPC INC.
010 B000001 85-1196
010 C010001 WILMINGTON
010 C020001 DE
010 C030001 19899
010 A000002 PROVIDENT DISTRIBUTORS, INC.
010 B000002 8-46564
<PAGE> PAGE 2
010 C010002 WEST CONSHOHOCKEN
010 C020002 PA
010 C030002 19428
011 A000001 PROVIDENT DISTRIBUTORS, INC.
011 B000001 8-46564
011 C010001 WEST CONSHOHOCKEN
011 C020001 PA
011 C030001 19428
012 A000001 PFPC INC.
012 B000001 85-1196
012 C010001 WILMINGTON
012 C020001 DE
012 C030001 19899
013 A000001 PRICEWATERHOUSECOOPERS
013 B010001 PHILADELPHIA
013 B020001 PA
013 B030001 19103
014 A000001 PROVIDENT DISTRIBUTORS, INC.
014 B000001 8-46564
015 A000001 PNC BANK, NATIONAL ASSOCIATION
015 B000001 C
015 C010001 LESTER
015 C020001 PA
015 C030001 19113
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 12
019 C000000 INSTITUTIO
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 LEHMAN BROS.
022 B000001 13-2518466
022 C000001 353715
022 D000001 268860
022 A000002 MORGAN STANLEY & CO.
022 B000002 13-2655998
022 C000002 285879
022 D000002 240980
022 A000003 GOLDMAN SACHS & CO.
022 B000003 13-5108880
022 C000003 200855
<PAGE> PAGE 3
022 D000003 121210
022 A000004 PAINWEBBER, JACKSON & CURTIS INC.
022 B000004 13-4994650
022 C000004 117300
022 D000004 117100
022 A000005 PRUDENTIAL SECURITIES
022 B000005 22-2347336
022 C000005 63000
022 D000005 71200
022 A000006 SMITH BARNEY, INC.
022 B000006 13-1912900
022 C000006 60000
022 D000006 37700
022 A000007 FIRST NATIONAL BANK OF CHICAGO
022 B000007 36-3595942
022 C000007 47000
022 D000007 45200
022 A000008 CITIBANK
022 B000008 13-5266470
022 C000008 33600
022 D000008 40450
022 A000009 BEAR, STERNS & CO.
022 B000009 13-3299429
022 C000009 31230
022 D000009 32330
022 A000010 MERRIL LYNCH
022 B000010 13-5674085
022 C000010 43600
022 D000010 16800
023 C000000 1264626
023 D000000 1002251
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 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 143545
<PAGE> PAGE 4
028 A020000 85
028 A030000 0
028 A040000 191064
028 B010000 146448
028 B020000 55
028 B030000 0
028 B040000 138093
028 C010000 138936
028 C020000 55
028 C030000 0
028 C040000 173211
028 D010000 113543
028 D020000 49
028 D030000 0
028 D040000 129747
028 E010000 126942
028 E020000 28
028 E030000 0
028 E040000 146048
028 F010000 218536
028 F020000 20
028 F030000 0
028 F040000 165414
028 G010000 887950
028 G020000 292
028 G030000 0
028 G040000 943577
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 N
040 000000 Y
041 000000 N
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
<PAGE> PAGE 5
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.200
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
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 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 Y
053 C000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 N
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 Y
<PAGE> PAGE 6
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 5000
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 99.7
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 24
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 N
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
<PAGE> PAGE 7
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
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 12
072 B000000 11602
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 653
072 G000000 653
072 H000000 0
072 I000000 17
072 J000000 80
072 K000000 0
072 L000000 6
072 M000000 37
072 N000000 1
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 41
072 S000000 49
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 18
072 X000000 1555
072 Y000000 901
072 Z000000 10948
<PAGE> PAGE 8
072AA000000 4
072BB000000 0
072CC010000 0
072CC020000 0
072DD010000 10942
072DD020000 6
072EE000000 0
073 A010000 0.0336
073 A020000 0.0303
073 B000000 0.0000
073 C000000 0.0000
074 A000000 102
074 B000000 0
074 C000000 317247
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 1688
074 M000000 0
074 N000000 319037
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 946
074 S000000 0
074 T000000 318091
074 U010000 318112
074 U020000 0
074 V010000 1.00
074 V020000 1.00
074 W000000 1.0000
074 X000000 37
074 Y000000 0
075 A000000 326662
075 B000000 0
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
<PAGE> PAGE 9
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 RELIANCE INSURANCE COMPANY
080 C000000 12000
081 A000000 Y
081 B000000 12
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 MARY JANE MALONEY
TITLE MANAGER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000715997
<NAME> MUNICIPAL FUND FOR NEW YORK INVESTORS, INC.
<SERIES>
<NUMBER> 001
<NAME> MAIN CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-END> JUL-31-1998
<INVESTMENTS-AT-COST> 317246928
<INVESTMENTS-AT-VALUE> 317246928
<RECEIVABLES> 1688050
<ASSETS-OTHER> 102095
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 319037073
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 946229
<TOTAL-LIABILITIES> 946229
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 318110603
<SHARES-COMMON-STOCK> 318112040
<SHARES-COMMON-PRIOR> 373447657
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (19759)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 318090844
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 11601677
<OTHER-INCOME> 0
<EXPENSES-NET> (653816)
<NET-INVESTMENT-INCOME> 10947861
<REALIZED-GAINS-CURRENT> 3904
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 10951765
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10947861)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1537289169
<NUMBER-OF-SHARES-REDEEMED> (1490893966)
<SHARES-REINVESTED> 722411
<NET-CHANGE-IN-ASSETS> 47117614
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 653314
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1554903
<AVERAGE-NET-ASSETS> 326455081
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .034
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.034)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .20
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000715997
<NAME> MUNICIPAL FUND FOR NEW YORK INVESTORS, INC.
<SERIES>
<NUMBER> 002
<NAME> DOLLAR CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-END> JUL-31-1998
<INVESTMENTS-AT-COST> 317246928
<INVESTMENTS-AT-VALUE> 317246928
<RECEIVABLES> 1688050
<ASSETS-OTHER> 102095
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 319037073
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 946229
<TOTAL-LIABILITIES> 946229
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 318110603
<SHARES-COMMON-STOCK> 318112040
<SHARES-COMMON-PRIOR> 373447657
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (19759)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 318090844
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 11601677
<OTHER-INCOME> 0
<EXPENSES-NET> (653816)
<NET-INVESTMENT-INCOME> 10947861
<REALIZED-GAINS-CURRENT> 3904
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 10951765
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10947861)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1537289169
<NUMBER-OF-SHARES-REDEEMED> (1490893966)
<SHARES-REINVESTED> 722411
<NET-CHANGE-IN-ASSETS> 47117614
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 653314
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1554903
<AVERAGE-NET-ASSETS> 207374
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
EXHIBIT INDEX
EXHIBIT A: Attachment to item 77B: Accountant's report on internal
control
- -----------------------------------------------------------------------
EXHIBIT A:
REPORT OF INDEPENDENT ACCOUNTANTS
To the Shareholders and Directors
of Municipal Fund for New York Investors, Inc.:
In planning and performing our audit of the financial statements and financial
highlights of the Municipal Fund for New York Investors, Inc. for the year
ended July 31, 1998, we considered its internal control, including control
activities for safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the financial
statements and financial highlights and to comply with the requirements of
Form N-SAR, not to provide assurance on internal control.
The management of the Municipal Fund for New York Investors, Inc. is
responsible for establishing and maintaining internal control. In fulfilling
this responsibility, estimates and judgments by management are required to
assess the expected benefits and related costs of controls. Generally,
controls that are relevant to an audit pertain to the entity's objective of
preparing financial statements and financial highlights for external purposes
that are fairly presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal controls, errors or fraud may
occur and not be detected. Also, projection of any evaluation of internal
control 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 internal control would not necessarily disclose all
matters in internal control 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 one or
more of the internal control components does not reduce to a relatively low
level the risk that misstatements caused by errors or fraud in amounts that
would be material in relation to the financial statements and financial
highlights 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 internal control and its operation,
including controls over safeguarding securities, that we consider to be
material weaknesses as defined above as of July 31, 1998.
This report is intended solely for the information and use of management of
the Municipal Fund for New York Investors, Inc., the Board of Directors and
the Securities and Exchange Commission.
PricewaterhouseCoopers LLP
August 28, 1998
