SCUDDER CALIFORNIA TAX FREE TRUST
NSAR-B, 1997-06-13
Previous: CAMBRIDGE RELATED HOUSING PROPERTIES LIMITED PARTNERSHIP, 10-K, 1997-06-13
Next: GIGA TRONICS INC, 10-K, 1997-06-13



<PAGE>      PAGE  1
000 B000000 03/31/97
000 C000000 0000719150
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 SCUDDER CALIFORNIA TAX FREE TRUST
001 B000000 811-3729
001 C000000 6172952567
002 A000000 TWO INTERNATIONAL PLACE
002 B000000 BOSTON,
002 C000000 MA
002 D010000 02110
002 D020000 4103
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
010 A00AA01 SCUDDER FUND ACCOUNTING, INC
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02110
014 A00AA01 SCUDDER INVESTOR SERVICES, INC
014 B00AA01 8-298
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   55
019 C00AA00 SCUDDERRRR
020 A000001 MERRILL LYNCH
020 B000001 13-5674085
020 C000001     36
020 A000002 FIRST CHICAGO
020 C000002      3
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       39
022 A000001 PAINE WEBBER
022 C000001     71428
022 D000001     82166
022 A000002 BANKERS TRUST CO
<PAGE>      PAGE  2
022 C000002     70310
022 D000002     67500
022 A000003 SMITH BARNEY SHEARSON
022 C000003     58615
022 D000003     54807
022 A000004 MORGAN STANLEY
022 B000004 13-3224016
022 C000004     55135
022 D000004     10203
022 A000005 GOLDMAN, SACHS & CO.
022 B000005 13-5108880
022 C000005     52213
022 D000005      9804
022 A000006 PACTUAL
022 C000006     51680
022 D000006     33215
022 A000007 JC BRADFORD & CO.
022 C000007     30835
022 D000007     39703
022 A000008 STONE & YOUNGBERG
022 C000008     29994
022 D000008      6408
022 A000009 LEHMAN BROS
022 B000009 13-2663822
022 C000009     24580
022 D000009     22447
022 A000010 BEAR, STEARNS & CO.
022 C000010     13896
022 D000010      7328
023 C000000     458686
023 D000000     333581
037  00AA00 N
038  00AA00      0
039  00AA00 Y
040  00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00     2500
077 A000000 Y
077 B000000 Y
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
<PAGE>      PAGE  3
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 B00AA00 NATIONAL UNION FIRE INSURANCE COMPANY
080 C00AA00    60000
081 A00AA00 N
081 B00AA00   0
082 A00AA00 Y
082 B00AA00      100
083 B00AA00        0
084 B00AA00        0
028 A010100      3487
028 A020100       748
028 A030100         0
028 A040100      5388
028 B010100      4360
028 B020100       847
028 B030100         0
028 B040100      3842
028 C010100      3620
028 C020100       756
028 C030100         0
028 C040100      3667
028 D010100      5081
028 D020100       754
028 D030100         0
028 D040100      6549
028 E010100      2793
028 E020100       693
028 E030100         0
028 E040100      5127
028 F010100      2959
028 F020100       756
028 F030100         0
028 F040100      4606
028 G010100     22300
028 G020100      4554
028 G030100         0
028 G040100     29179
028 H000100         0
062 A000100 Y
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   2.6
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
<PAGE>      PAGE  4
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100  97.4
062 P000100   0.0
062 Q000100   0.1
062 R000100   0.0
063 A000100   0
063 B000100 12.0
064 A000100 Y
064 B000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 Y
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 Y
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100    201353
<PAGE>      PAGE  5
071 B000100    194558
071 C000100    274816
071 D000100   70
072 A000100 12
072 B000100    16803
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100     1801
072 G000100        0
072 H000100        0
072 I000100      227
072 J000100      133
072 K000100        0
072 L000100       36
072 M000100       14
072 N000100       12
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100       41
072 S000100        8
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100       14
072 X000100     2286
072 Y000100        0
072 Z000100    14517
072AA000100     3388
072BB000100        0
072CC010100     2601
072CC020100        0
072DD010100     7294
072DD020100        0
072EE000100        0
073 A010100   0.5200
073 A020100   0.0000
073 B000100   0.0100
073 C000100   0.0000
074 A000100       32
074 B000100        0
074 C000100     7400
074 D000100   278366
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100     1304
074 K000100        0
<PAGE>      PAGE  6
074 L000100     3883
074 M000100        8
074 N000100   290993
074 O000100     1066
074 P000100      150
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100     1201
074 S000100        0
074 T000100   288576
074 U010100    27774
074 U020100        0
074 V010100    10.39
074 V020100     0.00
074 W000100   0.0000
074 X000100     5447
074 Y000100        0
075 A000100        0
075 B000100   291762
076  000100     0.00
028 A010200      3230
028 A020200       131
028 A030200         0
028 A040200      5420
028 B010200      3760
028 B020200       127
028 B030200         0
028 B040200      2585
028 C010200      5070
028 C020200       139
028 C030200         0
028 C040200      5369
028 D010200      7224
028 D020200       132
028 D030200         0
028 D040200      7103
028 E010200      5510
028 E020200       118
028 E030200         0
028 E040200      4792
028 F010200      5529
028 F020200       126
028 F030200         0
028 F040200      5432
028 G010200     30323
028 G020200       773
028 G030200         0
028 G040200     30701
028 H000200         0
<PAGE>      PAGE  7
062 A000200 Y
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200 100.0
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   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
071 A000200         0
071 B000200         0
071 C000200         0
071 D000200    0
072 A000200 12
072 B000200     2320
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200      338
072 G000200        0
072 H000200        0
072 I000200       76
072 J000200       51
072 K000200        0
072 L000200       12
072 M000200       14
072 N000200        5
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200       26
072 S000200        5
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200        7
072 X000200      534
072 Y000200      128
072 Z000200     1914
072AA000200        0
072BB000200        1
072CC010200        0
<PAGE>      PAGE  8
072CC020200        0
072DD010200      964
072DD020200        0
072EE000200        0
073 A010200   0.0280
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200      127
074 B000200        0
074 C000200    67759
074 D000200        0
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200      496
074 K000200        0
074 L000200      594
074 M000200        2
074 N000200    68978
074 O000200      248
074 P000200       34
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200        0
074 S000200        0
074 T000200    68696
074 U010200    68706
074 U020200        0
074 V010200     1.00
074 V020200     0.00
074 W000200   0.0000
074 X000200     1820
074 Y000200        0
075 A000200    67654
075 B000200        0
076  000200     0.00
SIGNATURE   THOMAS F. MCDONOUGH                          
TITLE       VICE PRESIDENT      

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
California Tax Free Annual Report for the fiscal year ended 3/31/97 and is
qualified in its entirety by reference to such financial statements.

</LEGEND>
<SERIES>
   <NUMBER> 1
   <NAME> SCUDDER CALIFORNIA TAX FREE FUND
       
<S>                          <C>              
<PERIOD-TYPE>                YEAR             
<FISCAL-YEAR-END>                  MAR-31-1997
<PERIOD-START>                     MAR-31-1996
<PERIOD-END>                       MAR-31-1997
<INVESTMENTS-AT-COST>              280,748,950
<INVESTMENTS-AT-VALUE>             285,766,257
<RECEIVABLES>                        5,185,957
<ASSETS-OTHER>                          40,703
<OTHER-ITEMS-ASSETS>                         0
<TOTAL-ASSETS>                     290,992,917
<PAYABLE-FOR-SECURITIES>             1,572,808
<SENIOR-LONG-TERM-DEBT>                      0
<OTHER-ITEMS-LIABILITIES>              844,068
<TOTAL-LIABILITIES>                  2,416,876
<SENIOR-EQUITY>                              0
<PAID-IN-CAPITAL-COMMON>           292,722,229
<SHARES-COMMON-STOCK>               27,774,183
<SHARES-COMMON-PRIOR>               28,232,177
<ACCUMULATED-NII-CURRENT>                    0
<OVERDISTRIBUTION-NII>                       0
<ACCUMULATED-NET-GAINS>            (9,163,495)
<OVERDISTRIBUTION-GAINS>                     0
<ACCUM-APPREC-OR-DEPREC>             5,017,307
<NET-ASSETS>                       288,576,041
<DIVIDEND-INCOME>                            0
<INTEREST-INCOME>                   16,803,173
<OTHER-INCOME>                               0
<EXPENSES-NET>                       2,285,758
<NET-INVESTMENT-INCOME>             14,517,415
<REALIZED-GAINS-CURRENT>             3,388,395
<APPREC-INCREASE-CURRENT>          (2,601,367)
<NET-CHANGE-FROM-OPS>               15,304,443
<EQUALIZATION>                               0
<DISTRIBUTIONS-OF-INCOME>         (14,517,415)
<DISTRIBUTIONS-OF-GAINS>             (140,246)
<DISTRIBUTIONS-OTHER>                        0
<NUMBER-OF-SHARES-SOLD>              4,110,618
<NUMBER-OF-SHARES-REDEEMED>        (5,428,908)
<SHARES-REINVESTED>                    860,296
<NET-CHANGE-IN-ASSETS>             (4,048,803)
<ACCUMULATED-NII-PRIOR>                      0
<ACCUMULATED-GAINS-PRIOR>         (11,995,644)
<OVERDISTRIB-NII-PRIOR>                      0
<OVERDIST-NET-GAINS-PRIOR>                   0
<GROSS-ADVISORY-FEES>                1,800,657
<INTEREST-EXPENSE>                       1,001
<GROSS-EXPENSE>                              0
<AVERAGE-NET-ASSETS>               291,762,451
<PER-SHARE-NAV-BEGIN>                    10.36
<PER-SHARE-NII>                         (0.52)
<PER-SHARE-GAIN-APPREC>                 (0.04)
<PER-SHARE-DIVIDEND>                      0.52
<PER-SHARE-DISTRIBUTIONS>                 0.01
<RETURNS-OF-CAPITAL>                      0.00
<PER-SHARE-NAV-END>                      10.39
<EXPENSE-RATIO>                           0.78
<AVG-DEBT-OUTSTANDING>                       0
<AVG-DEBT-PER-SHARE>                         0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE>6                           
<LEGEND>                            
This schedule contains summary financial information extracted from the Scudder
Ca Tax Free Money Annual Report for the fiscal year ended 3/31/97 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>                           
<SERIES>                            
<NUMBER>2
<NAME> SCUDDER CA TAX FREE MONEY
                                    
<S>                        <C>
<PERIOD-TYPE>              YEAR
<FISCAL-YEAR-END>            MAR-31-1997
<PERIOD-START>               MAR-31-1996
<PERIOD-END>                 MAR-31-1997
<INVESTMENTS-AT-COST>          67,759,309
<INVESTMENTS-AT-VALUE>         67,759,309
<RECEIVABLES>                   1,090,077
<ASSETS-OTHER>                    128,605
<OTHER-ITEMS-ASSETS>                    0
<TOTAL-ASSETS>                 68,977,991
<PAYABLE-FOR-SECURITIES>                0
<SENIOR-LONG-TERM-DEBT>                 0
<OTHER-ITEMS-LIABILITIES>         282,311
<TOTAL-LIABILITIES>               282,311
<SENIOR-EQUITY>                         0
<PAID-IN-CAPITAL-COMMON>       68,790,545
<SHARES-COMMON-STOCK>          68,706,496
<SHARES-COMMON-PRIOR>          66,976,491
<ACCUMULATED-NII-CURRENT>               0
<OVERDISTRIBUTION-NII>                  0
<ACCUMULATED-NET-GAINS>          (94,865)
<OVERDISTRIBUTION-GAINS>                0
<ACCUM-APPREC-OR-DEPREC>                0
<NET-ASSETS>                   68,695,680
<DIVIDEND-INCOME>                       0
<INTEREST-INCOME>               2,319,754
<OTHER-INCOME>                          0
<EXPENSES-NET>                    405,934
<NET-INVESTMENT-INCOME>         1,913,820
<REALIZED-GAINS-CURRENT>            (373)
<APPREC-INCREASE-CURRENT>               0
<NET-CHANGE-FROM-OPS>           1,913,447
<EQUALIZATION>                          0
<DISTRIBUTIONS-OF-INCOME>      (1,913,820)
<DISTRIBUTIONS-OF-GAINS>                0
<DISTRIBUTIONS-OTHER>                   0
<NUMBER-OF-SHARES-SOLD>        61,962,492
<NUMBER-OF-SHARES-REDEEMED>   (61,801,311)
<SHARES-REINVESTED>             1,568,824
<NET-CHANGE-IN-ASSETS>          1,729,632
<ACCUMULATED-NII-PRIOR>                 0
<ACCUMULATED-GAINS-PRIOR>         (94,492)
<OVERDISTRIB-NII-PRIOR>                 0
<OVERDIST-NET-GAINS-PRIOR>              0
<GROSS-ADVISORY-FEES>             338,329
<INTEREST-EXPENSE>                    370
<GROSS-EXPENSE>                         0
<AVERAGE-NET-ASSETS>           67,653,656
<PER-SHARE-NAV-BEGIN>                1.00
<PER-SHARE-NII>                     (0.03)
<PER-SHARE-GAIN-APPREC>             (0.04)
<PER-SHARE-DIVIDEND>                 0.52
<PER-SHARE-DISTRIBUTIONS>            0.00
<RETURNS-OF-CAPITAL>                 0.00
<PER-SHARE-NAV-END>                  1.00
<EXPENSE-RATIO>                      0.60
<AVG-DEBT-OUTSTANDING>                  0
<AVG-DEBT-PER-SHARE>                    0
                                    

</TABLE>


COOPERS & LYBRAND



                        REPORT OF INDEPENDENT ACCOUNTANTS



To the Trustees of California Tax Free Trust and the Shareholders of Scudder
California Tax Free Fund and California Tax Free Money Fund:


     In planning and performing our audits of the financial statements and
financial highlights of Scudder California Tax Free Fund and California Tax Free
Money Fund for the year ended March 31, 1997, we considered their internal
control structures, including procedures for safeguarding securities, in order
to determine our auditing procedures for the purpose of expressing our opinions
on the financial statements and financial highlights and to comply with the
requirements of Form N-SAR, not to provide assurance on the internal control
structures.

     The management of Scudder California Tax Free Fund and California Tax Free
Money 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 operations 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 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 the internal control structure, including
procedures for safeguarding securities, that we consider to be material
weaknesses, as defined above, as of March 31, 1997.

     This report is intended solely for the information and use of management of
Scudder California Tax Free Fund and California Tax Free Money Fund and the
Securities and Exchange Commission.




                                                     /s/COOPERS & LYBRAND L.L.P.
Boston, Massachusetts                                   COOPERS & LYBRAND L.L.P.
May 16, 1997


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission