59 WALL STREET TRUST
NSAR-B, 1997-11-10
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<PAGE>      
000 B000000 06/30/97
000 C000000 0000722575
000 D000000 N
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000 F000000 Y
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001 A000000 THE 59 WALL STREET TRUST
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002 A000000 6 ST. JAMES AVENUE, 9TH FLOOR
002 B000000 BOSTON
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007 C020100 THE 59 WALL STREET MONEY MARKET FUND
007 C030100 N
007 C010200  2
007 C020200 THE 59 WALL STREET U.S. TREASURY MONEY FUND
007 C030200 N
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007 C020300 THE 59 WALL STREET TAX-FREE SHORT/INTERMEDIAT
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SIGNATURE   JOHN R. ELDER                                
TITLE       TREASURER           
 

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the 59 Wall
Street Money Market Fund Annual Report dated June 30, 1997, and is qualified in
its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000722575
<NAME> THE 59 WALL STREET TRUST
<SERIES>
   <NUMBER> 01
   <NAME> THE 59 WALL STREET MONEY MARKET FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                      917,903,539
<INVESTMENTS-AT-VALUE>                     917,903,539
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the 59 Wall
Street Treasury Money Market Fund Annual Report dated June 30, 1997, and is
qualified in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000722575
<NAME> THE 59 WALL STREET TRUST
<SERIES>
   <NUMBER> 02
   <NAME> THE 59 WALL STREET U. S. TREASURY MONEY MARKET FUND
       
<S>                             <C>
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<PERIOD-END>                               JUN-30-1997
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<RECEIVABLES>                                2,962,973
<ASSETS-OTHER>                                  18,127
<OTHER-ITEMS-ASSETS>                                 0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the 59 Wall
Street Tax Free Short/Intermediate Fixed Income Fund Annual Report dated June
30, 1997, and is qualified in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0000722575
<NAME> THE 59 WALL STREET TRUST
<SERIES>
   <NUMBER> 03
   <NAME> 59 WALL STREET TAX FREE SHORT/INTERMEDIATE INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               JUN-30-1997
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<INVESTMENTS-AT-VALUE>                      52,794,150
<RECEIVABLES>                                2,721,616
<ASSETS-OTHER>                                 417,623
<OTHER-ITEMS-ASSETS>                                 0
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<SENIOR-LONG-TERM-DEBT>                              0
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<SENIOR-EQUITY>                                      0
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<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-REDEEMED>                  3,287,198
<SHARES-REINVESTED>                             79,257
<NET-CHANGE-IN-ASSETS>                      10,937,535
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     308,875
<GROSS-ADVISORY-FEES>                          188,843
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                480,497
<AVERAGE-NET-ASSETS>                        53,955,015
<PER-SHARE-NAV-BEGIN>                            10.26
<PER-SHARE-NII>                                   0.37
<PER-SHARE-GAIN-APPREC>                           0.07
<PER-SHARE-DIVIDEND>                             0.037
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.33
<EXPENSE-RATIO>                                   0.70
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

To the Trustees and Shareholders of The 59 Wall Street Trust:

In planning and performing our audits of the financial statements of The 59 
Wall Street Trust (comprising The 59 Wall Street U.S. Treasury Money Fund, The 
59 Wall Street Money Market Fund, and The 59 Wall Street Tax Free 
Short/Intermediate Fixed Income Fund) for the year ended June 30, 1997 (on 
which we have issued our reports dated August 15, 1997), we considered its 
internal control structure, including procedures for safeguarding securities, 
in order to determine our auditing procedures for the purpose of expressing 
our opinions on the financial statements and to comply with the requirements 
of Form N-SAR, not to provide assurance on the internal control structure.

The management of The 59 Wall Street Trust is responsible for establishing and 
maintaining an internal control structure. In fulfilling this responsibility, 
estimates and judgements 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 operation 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 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 June 30, 1997.

This report is intended solely for the information and use of management and 
the Securities and Exchange Commission.


/s/ Deloitte & Touche LLP

August 15, 1997


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