VOYAGEUR TAX FREE FUNDS INC
NSAR-B, 1997-02-26
Previous: VOYAGEUR TAX FREE FUNDS INC, DEFM14A, 1997-02-26
Next: CRUISE AMERICA INC, 10-K405/A, 1997-02-26



<PAGE>      PAGE  1
000 B000000 12/31/96
000 C000000 733362
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 VOYAGEUR TAX FREE FUNDS
001 B000000 811-3910
001 C000000 6123767071
002 A000000 90 SOUTH SEVENTH STREET STE 4400
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55402
002 D020000 4115
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 VOYAGEUR MINNESOTA TAX FREE FUND
007 C030100 N
007 C010200  2
007 C020200 VOYAGEUR NORTH DAKOTA TAX FREE 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 VOYAGEUR FUND MANAGERS
008 B00AA01 A
008 C00AA01 801-20432
008 D01AA01 MINNEAPOLIS
008 D02AA01 MN
008 D03AA01 55402
008 D04AA01 4115
010 A00AA01 VOYAGEUR FUND DISTRIBUTORS
010 B00AA01 8-37934
010 C01AA01 MINNEAPOLIS
010 C02AA01 MN
010 C03AA01 55402
010 C04AA01 4115
011 A00AA01 VOYAGEUR FUND DISTRIBUTORS
<PAGE>      PAGE  2
011 B00AA01 8-37934
011 C01AA01 MINNEAPOLIS
011 C02AA01 MN
011 C03AA01 55402
011 C04AA01 4115
012 A00AA01 VOYAGEUR FUND MANAGERS
012 B00AA01 84-01744
012 C01AA01 MINNEAPOLIS
012 C02AA01 MN
012 C03AA01 55402
012 C04AA01 4115
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
013 B04AA01 4115
014 A00AA01 DOUGHERTY FINANCIAL GROUP
014 B00AA01 8-21885
015 A00AA01 NORWEST BANK MINNESOTA NA
015 B00AA01 C
015 C01AA01 MINNEAPOLIS
015 C02AA01 MN
015 C03AA01 55479
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   42
019 C00AA00 VOYAGEURFU
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 CRONIN & COMPANY
022 B000001 41-1033595
022 C000001         0
022 D000001      7536
022 A000002 PIPER JAFFRAY & HOPWOOD
022 B000002 41-0953246
022 C000002         0
022 D000002      5987
022 A000003 LEHMAN BROTHERS
022 B000003 13-2518466
022 C000003         0
022 D000003      4958
<PAGE>      PAGE  3
022 A000004 DAIN BOSWORTH
022 B000004 41-0212020
022 C000004         0
022 D000004      4302
022 A000005 A.G. EDWARDS
022 B000005 43-0895447
022 C000005         0
022 D000005      3265
022 A000006 OPPENHEIMER
022 B000006 13-2798343
022 C000006         0
022 D000006      2830
022 A000007 PAINE WEBBER
022 B000007 13-2638166
022 C000007         0
022 D000007      2193
022 A000008 SMITH BARNEY HARRIS UPHAM
022 B000008 13-1912900
022 C000008         0
022 D000008      1684
022 A000009 MERRIL LYNCH
022 B000009 13-5674085
022 C000009       293
022 D000009      1196
022 A000010 ADVEST
022 B000010 06-0950348
022 C000010         0
022 D000010      1095
023 C000000        293
023 D000000      36990
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 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
049  00AA00 N
050  00AA00 N
<PAGE>      PAGE  4
051  00AA00 N
052  00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056  00AA00 N
057  00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 N
060 B00AA00 N
061  00AA00     1000
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
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 A00AA00 RELIANCE NATIONAL
080 C00AA00    15000
<PAGE>      PAGE  5
081 A00AA00 Y
081 B00AA00  56
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 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      2368
028 A020100      1242
028 A030100         0
028 A040100      5944
028 B010100      2252
028 B020100      1235
028 B030100         0
028 B040100      6560
028 C010100      1519
028 C020100      1228
028 C030100         0
028 C040100      3725
028 D010100      3038
028 D020100      1212
028 D030100         0
028 D040100      6055
028 E010100      2033
028 E020100      1204
028 E030100         0
028 E040100      5678
028 F010100      1983
028 F020100         4
028 F030100         0
028 F040100      4705
028 G010100     13193
028 G020100      6125
028 G030100         0
028 G040100     32667
028 H000100     10690
<PAGE>      PAGE  6
029  000100 Y
030 A000100    651
030 B000100  3.75
030 C000100  0.00
031 A000100     70
031 B000100      0
032  000100    581
033  000100      0
034  000100 Y
035  000100     12
036 A000100 Y
036 B000100      0
037  000100 N
038  000100      0
039  000100 N
040  000100 Y
041  000100 Y
042 A000100   0
042 B000100   0
042 C000100   0
042 D000100 100
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100   1158
044  000100      0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.500
048 A010100        0
048 A020100 0.000
048 B010100        0
048 B020100 0.000
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
<PAGE>      PAGE  7
048 K010100        0
048 K020100 0.000
062 A000100 Y
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
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   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100  99.4
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100   0
063 B000100 13.3
064 A000100 Y
065  000100 N
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
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 Y
<PAGE>      PAGE  8
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100    122533
071 B000100    135820
071 C000100    442857
071 D000100   28
072 A000100 12
072 B000100    26899
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100     2223
072 G000100      473
072 H000100        0
072 I000100        0
072 J000100      103
072 K000100       67
072 L000100        0
072 M000100       30
072 N000100       11
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100       31
072 S000100       14
072 T000100     1166
072 U000100        0
072 V000100        0
072 W000100       42
072 X000100     4160
072 Y000100        8
072 Z000100    22747
072AA000100      516
072BB000100        0
072CC010100        0
072CC020100     8943
072DD010100    22406
072DD020100      121
072EE000100        0
<PAGE>      PAGE  9
073 A010100   0.6300
073 A020100   0.5400
073 B000100   0.0000
073 C000100   0.0000
074 A000100        0
074 B000100        0
074 C000100        0
074 D000100   435206
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100     8365
074 M000100        0
074 N000100   443572
074 O000100     1964
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100     3912
074 S000100        0
074 T000100   437696
074 U010100 34538091
074 U020100   248473
074 V010100    12.40
074 V020100    12.41
074 W000100   0.0000
074 X000100    11784
074 Y000100 15220000
075 A000100        0
075 B000100   410600
076  000100     0.00
028 A010200       307
028 A020200        91
028 A030200         0
028 A040200       413
028 B010200       135
028 B020200        91
028 B030200         0
028 B040200       598
028 C010200        64
028 C020200        89
028 C030200         0
028 C040200       456
028 D010200       413
028 D020200        89
<PAGE>      PAGE  10
028 D030200         0
028 D040200       411
028 E010200       122
028 E020200        89
028 E030200         0
028 E040200       298
028 F010200        97
028 F020200         0
028 F030200         0
028 F040200       337
028 G010200      1139
028 G020200       449
028 G030200         0
028 G040200      2512
028 H000200       639
029  000200 Y
030 A000200     39
030 B000200  3.75
030 C000200  0.00
031 A000200      5
031 B000200      0
032  000200     34
033  000200      0
034  000200 Y
035  000200      1
036 A000200 N
036 B000200      0
037  000200 N
038  000200      0
039  000200 N
040  000200 Y
041  000200 Y
042 A000200   0
042 B000200   0
042 C000200 100
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200      9
044  000200      0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.500
048 A010200        0
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
<PAGE>      PAGE  11
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
062 A000200 Y
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   0.0
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  99.4
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200 11.8
064 A000200 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 Y
070 C020200 N
070 D010200 N
070 D020200 N
<PAGE>      PAGE  12
070 E010200 N
070 E020200 N
070 F010200 N
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 Y
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200     19991
071 B000200     22447
071 C000200     34705
071 D000200   57
072 A000200 12
072 B000200     2062
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200      175
072 G000200       85
072 H000200        0
072 I000200        0
072 J000200        8
072 K000200        0
072 L000200        7
072 M000200        2
072 N000200        0
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200       12
072 S000200        0
<PAGE>      PAGE  13
072 T000200       92
072 U000200        1
072 V000200        0
072 W000200        2
072 X000200      384
072 Y000200       72
072 Z000200     1753
072AA000200        0
072BB000200      386
072CC010200        0
072CC020200       90
072DD010200     1699
072DD020200       25
072EE000200        0
073 A010200   0.5300
073 A020200   0.4800
073 B000200   0.0000
073 C000200   0.0000
074 A000200        0
074 B000200        0
074 C000200        0
074 D000200    34238
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200      545
074 K000200        2
074 L000200      564
074 M000200        0
074 N000200    35349
074 O000200      308
074 P000200      139
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200      448
074 S000200        0
074 T000200    34454
074 U010200  3099514
074 U020200    64382
074 V010200    10.88
074 V020200    10.88
074 W000200   0.0000
074 X000200     1141
074 Y000200        0
075 A000200        0
075 B000200    35042
076  000200     0.00
<PAGE>      PAGE  14
SIGNATURE   KEN LARSEN                                   
TITLE       TREASURER           
 


<TABLE> <S> <C>
                                          
<ARTICLE>             6
<LEGEND>              
The schedule contains summary financial information extracted from the statement
of assets and liabilities,  statement of operations, statement of changes in net
assets  and  the  financial  highlights  and is  qualified  in its  entirety  by
reference to such financial statements.
</LEGEND>
<CIK>                  0000733362
<NAME>                 Voyageur Tax Free Funds, Inc.
<SERIES>
   <NUMBER>            1
   <NAME>              Voyageur Minnesota Tax Free Fund
       
<S>                                                                         <C>
<PERIOD-TYPE>                                                              Year
<FISCAL-YEAR-END>                                                   Dec-31-1996
<PERIOD-START>                                                      Jan-01-1996
<PERIOD-END>                                                        Dec-31-1996
<INVESTMENTS-AT-COST>                                               414,868,560
<INVESTMENTS-AT-VALUE>                                              435,206,282
<RECEIVABLES>                                                         8,365,478
<ASSETS-OTHER>                                                                0
<OTHER-ITEMS-ASSETS>                                                          0
<TOTAL-ASSETS>                                                      443,571,760
<PAYABLE-FOR-SECURITIES>                                              1,963,966
<SENIOR-LONG-TERM-DEBT>                                                       0
<OTHER-ITEMS-LIABILITIES>                                             3,911,618
<TOTAL-LIABILITIES>                                                   5,875,584
<SENIOR-EQUITY>                                                               0
<PAID-IN-CAPITAL-COMMON>                                            419,775,746
<SHARES-COMMON-STOCK>                                                35,289,237
<SHARES-COMMON-PRIOR>                                                36,451,988
<ACCUMULATED-NII-CURRENT>                                                87,594
<OVERDISTRIBUTION-NII>                                                        0
<ACCUMULATED-NET-GAINS>                                              (2,504,886)
<OVERDISTRIBUTION-GAINS>                                                      0
<ACCUM-APPREC-OR-DEPREC>                                             20,337,722
<NET-ASSETS>                                                        437,696,176
<DIVIDEND-INCOME>                                                             0
<INTEREST-INCOME>                                                    26,899,147
<OTHER-INCOME>                                                                0
<EXPENSES-NET>                                                        4,152,560
<NET-INVESTMENT-INCOME>                                              22,746,587
<REALIZED-GAINS-CURRENT>                                                515,784
<APPREC-INCREASE-CURRENT>                                            (8,943,154)
<NET-CHANGE-FROM-OPS>                                                14,319,217
<EQUALIZATION>                                                                0
<DISTRIBUTIONS-OF-INCOME>                                            22,730,156
<DISTRIBUTIONS-OF-GAINS>                                                      0
<DISTRIBUTIONS-OTHER>                                                         0
<NUMBER-OF-SHARES-SOLD>                                               2,796,227
<NUMBER-OF-SHARES-REDEEMED>                                           5,159,929
<SHARES-REINVESTED>                                                   1,200,951
<NET-CHANGE-IN-ASSETS>                                              (22,542,968)
<ACCUMULATED-NII-PRIOR>                                                  71,163
<ACCUMULATED-GAINS-PRIOR>                                            (3,020,670)
<OVERDISTRIB-NII-PRIOR>                                                       0
<OVERDIST-NET-GAINS-PRIOR>                                                    0
<GROSS-ADVISORY-FEES>                                                 2,222,690
<INTEREST-EXPENSE>                                                            0
<GROSS-EXPENSE>                                                       4,160,584
<AVERAGE-NET-ASSETS>                                                444,478,057
<PER-SHARE-NAV-BEGIN>                                                     12.63
<PER-SHARE-NII>                                                            0.63
<PER-SHARE-GAIN-APPREC>                                                   (0.23)
<PER-SHARE-DIVIDEND>                                                       0.63
<PER-SHARE-DISTRIBUTIONS>                                                  0.00
<RETURNS-OF-CAPITAL>                                                       0.00
<PER-SHARE-NAV-END>                                                       12.40
<EXPENSE-RATIO>                                                           0.920
<AVG-DEBT-OUTSTANDING>                                                        0
<AVG-DEBT-PER-SHARE>                                                          0
        

</TABLE>

<TABLE> <S> <C>
                   
<ARTICLE>           6
<LEGEND>            
The schedule contains summary financial information extracted from the statement
of assets and liabilities,  statement of operations, statement of changes in net
assets  and  the  financial  highlights  and is  qualified  in its  entirety  by
reference to such financial statements.
</LEGEND>
<CIK>               0000733362
<NAME>              Voyageur Tax Free Funds, Inc.
<SERIES>
   <NUMBER>         2
   <NAME>           Voyageur North Dakota Tax Free Fund
       
<S>                                                                         <C>
<PERIOD-TYPE>                                                              Year
<FISCAL-YEAR-END>                                                   Dec-31-1996
<PERIOD-START>                                                      Jan-01-1996
<PERIOD-END>                                                        Dec-31-1996
<INVESTMENTS-AT-COST>                                                33,107,904
<INVESTMENTS-AT-VALUE>                                               34,238,361
<RECEIVABLES>                                                         1,110,466
<ASSETS-OTHER>                                                                0
<OTHER-ITEMS-ASSETS>                                                          0
<TOTAL-ASSETS>                                                       35,348,827
<PAYABLE-FOR-SECURITIES>                                                308,015
<SENIOR-LONG-TERM-DEBT>                                                       0
<OTHER-ITEMS-LIABILITIES>                                               586,688
<TOTAL-LIABILITIES>                                                     894,703
<SENIOR-EQUITY>                                                               0
<PAID-IN-CAPITAL-COMMON>                                             33,829,018
<SHARES-COMMON-STOCK>                                                 3,167,622
<SHARES-COMMON-PRIOR>                                                 3,316,979
<ACCUMULATED-NII-CURRENT>                                                35,622
<OVERDISTRIBUTION-NII>                                                        0
<ACCUMULATED-NET-GAINS>                                                (540,973)
<OVERDISTRIBUTION-GAINS>                                                      0
<ACCUM-APPREC-OR-DEPREC>                                              1,130,457
<NET-ASSETS>                                                         34,454,124
<DIVIDEND-INCOME>                                                             0
<INTEREST-INCOME>                                                     2,065,091
<OTHER-INCOME>                                                                0
<EXPENSES-NET>                                                          311,791
<NET-INVESTMENT-INCOME>                                               1,753,300
<REALIZED-GAINS-CURRENT>                                               (385,738)
<APPREC-INCREASE-CURRENT>                                               (90,482)
<NET-CHANGE-FROM-OPS>                                                 1,277,080
<EQUALIZATION>                                                                0
<DISTRIBUTIONS-OF-INCOME>                                             1,723,886
<DISTRIBUTIONS-OF-GAINS>                                                      0
<DISTRIBUTIONS-OTHER>                                                         0
<NUMBER-OF-SHARES-SOLD>                                                 211,339
<NUMBER-OF-SHARES-REDEEMED>                                             463,893
<SHARES-REINVESTED>                                                     103,197
<NET-CHANGE-IN-ASSETS>                                               (2,037,219)
<ACCUMULATED-NII-PRIOR>                                                   6,208
<ACCUMULATED-GAINS-PRIOR>                                              (155,235)
<OVERDISTRIB-NII-PRIOR>                                                       0
<OVERDIST-NET-GAINS-PRIOR>                                                    0
<GROSS-ADVISORY-FEES>                                                   175,239
<INTEREST-EXPENSE>                                                            0
<GROSS-EXPENSE>                                                         384,142
<AVERAGE-NET-ASSETS>                                                 35,042,156
<PER-SHARE-NAV-BEGIN>                                                     11.00
<PER-SHARE-NII>                                                            0.54
<PER-SHARE-GAIN-APPREC>                                                   (0.13)
<PER-SHARE-DIVIDEND>                                                       0.53
<PER-SHARE-DISTRIBUTIONS>                                                  0.00
<RETURNS-OF-CAPITAL>                                                       0.00
<PER-SHARE-NAV-END>                                                       10.88
<EXPENSE-RATIO>                                                           0.880
<AVG-DEBT-OUTSTANDING>                                                        0
<AVG-DEBT-PER-SHARE>                                                          0
        

</TABLE>


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