DELAWARE GROUP TAX FREE FUND
NSAR-A, 2000-04-25
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<PAGE>      PAGE  1
000 A000000 02/29/2000
000 C000000 0000728352
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 U
001 A000000 DELAWARE GROUP TAX-FREE FUND
001 B000000 811-3850
001 C000000 2152552127
002 A000000 2005 MARKET STREET
002 B000000 PHILADELPHIA
002 C000000 PA
002 D010000 19103
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 DELAWARE TAX-FREE USA FUND
007 C030100 N
007 C010200  2
007 C020200 DELAWARE TAX-FREE INSURED FUND
007 C030200 N
007 C010300  3
007 C020300 DELAWARE TAX-FREE USA INTERMEDIATE FUND
007 C030300 N
022 A000001 BELLE HAVEN INVESTMENTS
022 C000001     13196
022 D000001     42215
022 A000002 JP MORGAN
022 B000002 13-3224016
022 C000002     22972
022 D000002     18954
022 A000003 MERRILL LYNCH PIERCE
022 B000003 13-5674085
022 C000003     10606
022 D000003     30438
022 A000004 GOLDMAN SACHS AND CO
022 B000004 13-5108880
022 C000004     19988
022 D000004     16440
022 A000005 SALOMON SMITH BARNEY
022 B000005 11-2418191
022 C000005     15024
022 D000005     15307
022 A000006 PAINE WEBBER INC
<PAGE>      PAGE  2
022 B000006 13-2638166
022 C000006      5818
022 D000006     22375
022 A000007 FIRST UNION
022 C000007      8609
022 D000007      6059
022 A000008 PRUDENTIAL SECURITIES
022 B000008 22-2347336
022 C000008      4890
022 D000008      9554
022 A000009 MORGAN STANLEY AND CO
022 B000009 13-2655998
022 C000009      8338
022 D000009      4944
022 A000010 AG EDWARDS AND SONS
022 C000010      3749
022 D000010      6060
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
070 G010100 N
070 G020100 N
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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070 B020200 N
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070 C020200 N
070 D010200 N
070 D020200 N
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070 E020200 N
070 F010200 N
070 F020200 N
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070 G020200 N
070 H010200 N
070 H020200 N
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070 L020200 N
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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062 D000300   0.0
062 E000300   2.9
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062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   0.0
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062 O000300 104.9
062 P000300   0.0
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063 A000300   0
063 B000300 10.3
064 A000300 N
064 B000300 N
070 A010300 Y
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070 D010300 N
070 D020300 N
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070 E020300 N
070 F010300 N
<PAGE>      PAGE  11
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
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070 J020300 N
070 K010300 N
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
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070 N020300 N
070 O010300 Y
070 O020300 N
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070 R020300 N
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SIGNATURE   KENNETH E. CROCKETT, SR.
TITLE       BLUE SKY ADMIN



<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000728352
<NAME> DELAWARE GROUP TAX-FREE FUND
<SERIES>
   <NUMBER> 011
   <NAME> DELAWARE TAX-FREE USA FUND CLASS A

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-2000
<PERIOD-END>                               FEB-29-2000
<INVESTMENTS-AT-COST>                      467,719,951
<INVESTMENTS-AT-VALUE>                     471,667,769
<RECEIVABLES>                               16,757,071
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<OTHER-ITEMS-ASSETS>                         (295,887)
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<SENIOR-LONG-TERM-DEBT>                              0
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<SENIOR-EQUITY>                                450,651
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<OVERDISTRIB-NII-PRIOR>                              0
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<PER-SHARE-DISTRIBUTIONS>                         .000
<RETURNS-OF-CAPITAL>                              .000
<PER-SHARE-NAV-END>                             10.460
<EXPENSE-RATIO>                                  0.970



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000728352
<NAME> DELAWARE GROUP TAX-FREE FUND
<SERIES>
   <NUMBER> 012
   <NAME> DELAWARE TAX-FREE USA FUND CLASS B

<S>                             <C>
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<FISCAL-YEAR-END>                          AUG-31-2000
<PERIOD-END>                               FEB-29-2000
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<INVESTMENTS-AT-VALUE>                     471,667,769
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<EXPENSE-RATIO>                                  1.770



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000728352
<NAME> DELAWARE GROUP TAX-FREE FUND
<SERIES>
   <NUMBER> 013
   <NAME> DELAWARE TAX-FREE FUND USA CLASS C

<S>                             <C>
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<INVESTMENTS-AT-VALUE>                     471,667,769
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      207,952
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        548,621
<NUMBER-OF-SHARES-REDEEMED>                     49,577
<SHARES-REINVESTED>                          1,582,148
<NET-CHANGE-IN-ASSETS>                    (51,385,592)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                 (26,500,831)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,348,707
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,593,317
<AVERAGE-NET-ASSETS>                         3,024,150
<PER-SHARE-NAV-BEGIN>                           10.890
<PER-SHARE-NII>                                  0.249
<PER-SHARE-GAIN-APPREC>                        (0.430)
<PER-SHARE-DIVIDEND>                             0.249
<PER-SHARE-DISTRIBUTIONS>                         .000
<RETURNS-OF-CAPITAL>                              .000
<PER-SHARE-NAV-END>                             10.460
<EXPENSE-RATIO>                                  1.770



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000728352
<NAME> DELAWARE GROUP TAX-FREE FUND
<SERIES>
   <NUMBER> 021
   <NAME> DELAWARE TAX-FREE INSURED FUND CLASS A

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1999
<PERIOD-END>                               FEB-29-2000
<INVESTMENTS-AT-COST>                       69,334,897
<INVESTMENTS-AT-VALUE>                      70,666,359
<RECEIVABLES>                                        0
<ASSETS-OTHER>                               2,155,248
<OTHER-ITEMS-ASSETS>                               813
<TOTAL-ASSETS>                              72,822,420
<PAYABLE-FOR-SECURITIES>                     3,940,432
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      141,855
<TOTAL-LIABILITIES>                          4,082,287
<SENIOR-EQUITY>                                 68,627
<PAID-IN-CAPITAL-COMMON>                    71,696,737
<SHARES-COMMON-STOCK>                        6,322,721
<SHARES-COMMON-PRIOR>                        6,601,495
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (4,356,693)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,331,462
<NET-ASSETS>                                63,331,480
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            2,159,162
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 354,987
<NET-INVESTMENT-INCOME>                      1,804,175
<REALIZED-GAINS-CURRENT>                   (1,627,799)
<APPREC-INCREASE-CURRENT>                    (854,068)
<NET-CHANGE-FROM-OPS>                        (677,692)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,669,087
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      4,256,398
<NUMBER-OF-SHARES-REDEEMED>                  7,964,698
<SHARES-REINVESTED>                            881,310
<NET-CHANGE-IN-ASSETS>                     (6,205,735)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (2,728,894)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          177,473
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                367,169
<AVERAGE-NET-ASSETS>                        65,277,928
<PER-SHARE-NAV-BEGIN>                           10.360
<PER-SHARE-NII>                                  0.259
<PER-SHARE-GAIN-APPREC>                        (0.340)
<PER-SHARE-DIVIDEND>                             0.259
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             10.020
<EXPENSE-RATIO>                                  0.930



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000728352
<NAME> DELAWARE GROUP TAX-FREE FUND
<SERIES>
   <NUMBER> 022
   <NAME> DELAWARE TAX-FREE INSURED FUND CLASS B

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1999
<PERIOD-END>                               FEB-29-2000
<INVESTMENTS-AT-COST>                       69,334,897
<INVESTMENTS-AT-VALUE>                      70,666,359
<RECEIVABLES>                                        0
<ASSETS-OTHER>                               2,155,248
<OTHER-ITEMS-ASSETS>                               813
<TOTAL-ASSETS>                              72,822,420
<PAYABLE-FOR-SECURITIES>                     3,940,432
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      141,855
<TOTAL-LIABILITIES>                          4,082,287
<SENIOR-EQUITY>                                 68,627
<PAID-IN-CAPITAL-COMMON>                    71,696,737
<SHARES-COMMON-STOCK>                          450,234
<SHARES-COMMON-PRIOR>                          484,486
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (4,356,693)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,331,462
<NET-ASSETS>                                 4,509,764
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            2,159,162
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 354,987
<NET-INVESTMENT-INCOME>                      1,804,175
<REALIZED-GAINS-CURRENT>                   (1,627,799)
<APPREC-INCREASE-CURRENT>                    (854,068)
<NET-CHANGE-FROM-OPS>                        (677,692)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      104,151
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        568,347
<NUMBER-OF-SHARES-REDEEMED>                    973,323
<SHARES-REINVESTED>                             60,276
<NET-CHANGE-IN-ASSETS>                     (6,205,735)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (2,728,894)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          177,473
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                367,169
<AVERAGE-NET-ASSETS>                         4,829,881
<PER-SHARE-NAV-BEGIN>                           10.360
<PER-SHARE-NII>                                  0.218
<PER-SHARE-GAIN-APPREC>                        (0.340)
<PER-SHARE-DIVIDEND>                             0.218
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             10.020
<EXPENSE-RATIO>                                  1.730



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000728352
<NAME> DELAWARE GROUP TAX-FREE FUND
<SERIES>
   <NUMBER> 023
   <NAME> DELAWARE TAX-FREE INSURED FUND CLASS C

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1999
<PERIOD-END>                               FEB-29-2000
<INVESTMENTS-AT-COST>                       69,334,897
<INVESTMENTS-AT-VALUE>                      70,666,359
<RECEIVABLES>                                        0
<ASSETS-OTHER>                               2,155,248
<OTHER-ITEMS-ASSETS>                               813
<TOTAL-ASSETS>                              72,822,420
<PAYABLE-FOR-SECURITIES>                     3,940,432
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      141,855
<TOTAL-LIABILITIES>                          4,082,287
<SENIOR-EQUITY>                                 68,627
<PAID-IN-CAPITAL-COMMON>                    71,696,737
<SHARES-COMMON-STOCK>                           89,741
<SHARES-COMMON-PRIOR>                          144,960
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (4,356,693)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,331,462
<NET-ASSETS>                                   898,889
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            2,159,162
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 354,987
<NET-INVESTMENT-INCOME>                      1,804,175
<REALIZED-GAINS-CURRENT>                   (1,627,799)
<APPREC-INCREASE-CURRENT>                    (854,068)
<NET-CHANGE-FROM-OPS>                        (677,692)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       30,937
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        294,656
<NUMBER-OF-SHARES-REDEEMED>                    873,709
<SHARES-REINVESTED>                             26,875
<NET-CHANGE-IN-ASSETS>                     (6,205,735)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (2,728,894)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          177,473
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                367,169
<AVERAGE-NET-ASSETS>                         1,420,089
<PER-SHARE-NAV-BEGIN>                           10.360
<PER-SHARE-NII>                                  0.218
<PER-SHARE-GAIN-APPREC>                        (0.340)
<PER-SHARE-DIVIDEND>                             0.218
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             10.020
<EXPENSE-RATIO>                                  1.730



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000728352
<NAME> DELAWARE GROUP TAX-FREE FUND
<SERIES>
   <NUMBER> 031
   <NAME> DELAWARE TAX-FREE USA INTERMEDIATE FUND CLASS A

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1999
<PERIOD-END>                               FEB-29-2000
<INVESTMENTS-AT-COST>                       29,586,028
<INVESTMENTS-AT-VALUE>                      29,551,419
<RECEIVABLES>                                2,402,898
<ASSETS-OTHER>                               1,101,454
<OTHER-ITEMS-ASSETS>                             3,071
<TOTAL-ASSETS>                              33,058,842
<PAYABLE-FOR-SECURITIES>                     5,571,672
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       92,294
<TOTAL-LIABILITIES>                          5,663,966
<SENIOR-EQUITY>                                 27,204
<PAID-IN-CAPITAL-COMMON>                    28,801,314
<SHARES-COMMON-STOCK>                        2,235,440
<SHARES-COMMON-PRIOR>                        2,451,274
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,399,033)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (34,609)
<NET-ASSETS>                                22,511,547
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              779,775
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 139,170
<NET-INVESTMENT-INCOME>                        640,605
<REALIZED-GAINS-CURRENT>                     (773,110)
<APPREC-INCREASE-CURRENT>                      158,796
<NET-CHANGE-FROM-OPS>                           26,291
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      546,250
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      4,358,733
<NUMBER-OF-SHARES-REDEEMED>                  6,882,159
<SHARES-REINVESTED>                            353,739
<NET-CHANGE-IN-ASSETS>                     (3,296,066)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (625,329)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           73,500
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                180,196
<AVERAGE-NET-ASSETS>                        24,366,020
<PER-SHARE-NAV-BEGIN>                           10.270
<PER-SHARE-NII>                                  0.228
<PER-SHARE-GAIN-APPREC>                        (0.200)
<PER-SHARE-DIVIDEND>                             0.228
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             10.070
<EXPENSE-RATIO>                                  0.780



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000728352
<NAME> DELAWARE GROUP TAX-FREE FUND
<SERIES>
   <NUMBER> 032
   <NAME> DELAWARE TAX-FREE USA INTERMEDIATE FUND CLASS B

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1999
<PERIOD-END>                               FEB-29-2000
<INVESTMENTS-AT-COST>                       29,586,028
<INVESTMENTS-AT-VALUE>                      29,551,419
<RECEIVABLES>                                2,402,898
<ASSETS-OTHER>                               1,101,454
<OTHER-ITEMS-ASSETS>                             3,071
<TOTAL-ASSETS>                              33,058,842
<PAYABLE-FOR-SECURITIES>                     5,571,672
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       92,294
<TOTAL-LIABILITIES>                          5,663,966
<SENIOR-EQUITY>                                 27,204
<PAID-IN-CAPITAL-COMMON>                    28,801,314
<SHARES-COMMON-STOCK>                          218,868
<SHARES-COMMON-PRIOR>                          213,611
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,399,033)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (34,609)
<NET-ASSETS>                                 2,204,070
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              779,775
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 139,170
<NET-INVESTMENT-INCOME>                        640,605
<REALIZED-GAINS-CURRENT>                     (773,110)
<APPREC-INCREASE-CURRENT>                      158,796
<NET-CHANGE-FROM-OPS>                           26,291
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       39,587
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,173,122
<NUMBER-OF-SHARES-REDEEMED>                  1,141,227
<SHARES-REINVESTED>                             23,061
<NET-CHANGE-IN-ASSETS>                     (3,296,066)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (625,329)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           73,500
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                180,196
<AVERAGE-NET-ASSETS>                         2,178,390
<PER-SHARE-NAV-BEGIN>                           10.270
<PER-SHARE-NII>                                  0.185
<PER-SHARE-GAIN-APPREC>                        (0.200)
<PER-SHARE-DIVIDEND>                             0.185
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             10.070
<EXPENSE-RATIO>                                  1.630



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000728352
<NAME> DELAWARE GROUP TAX-FREE FUND
<SERIES>
   <NUMBER> 033
   <NAME> DELAWARE TAX-FREE USA INTERMEDIATE FUND CLASS C

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1999
<PERIOD-END>                               FEB-29-2000
<INVESTMENTS-AT-COST>                       29,586,028
<INVESTMENTS-AT-VALUE>                      29,551,419
<RECEIVABLES>                                2,402,898
<ASSETS-OTHER>                               1,101,454
<OTHER-ITEMS-ASSETS>                             3,071
<TOTAL-ASSETS>                              33,058,842
<PAYABLE-FOR-SECURITIES>                     5,571,672
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       92,294
<TOTAL-LIABILITIES>                          5,663,966
<SENIOR-EQUITY>                                 27,204
<PAID-IN-CAPITAL-COMMON>                    28,801,314
<SHARES-COMMON-STOCK>                          266,055
<SHARES-COMMON-PRIOR>                          322,156
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,399,033)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (34,609)
<NET-ASSETS>                                 2,679,259
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              779,775
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 139,170
<NET-INVESTMENT-INCOME>                        640,605
<REALIZED-GAINS-CURRENT>                     (773,110)
<APPREC-INCREASE-CURRENT>                      158,796
<NET-CHANGE-FROM-OPS>                           26,291
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       54,768
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        136,288
<NUMBER-OF-SHARES-REDEEMED>                    740,492
<SHARES-REINVESTED>                             37,183
<NET-CHANGE-IN-ASSETS>                     (3,296,066)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (625,329)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           73,500
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                180,196
<AVERAGE-NET-ASSETS>                         3,011,764
<PER-SHARE-NAV-BEGIN>                           10.270
<PER-SHARE-NII>                                  0.185
<PER-SHARE-GAIN-APPREC>                        (0.200)
<PER-SHARE-DIVIDEND>                             0.185
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             10.070
<EXPENSE-RATIO>                                  1.630



</TABLE>


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