NEW YORK DAILY TAX FREE INCOME FUND INC
NSAR-A, 1997-12-19
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001 A000000 NEW YORK DAILY TAX FREE INCOME FUND, INC.
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<PAGE>
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022 A000002 MORGAN (J.P.) SECURITIES INC.
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SIGNATURE   BERNADETTE N. FINN
TITLE       SECRETARY
 


<TABLE> <S> <C>

<ARTICLE>           6
<LEGEND>            The  schedule   contains   summary   financial   information
                    extracted  from  the  financial  statements  and  supporting
                    schedules  as of the end of the most  current  period and is
                    qualified in its  entirety by  reference  to such  financial
                    statements.
</LEGEND>
<CIK>               0000740372
<NAME>              New York Daily Tax Free Income Fund, Inc.
<SERIES>            
<NUMBER>            1
<NAME>              Class A
       
<S>                               <C>    
<PERIOD-TYPE>                 6-mos
<FISCAL-YEAR-END>             APR-30-1997
<PERIOD-START>                MAY-01-1997
<PERIOD-END>                  OCT-31-1997
<INVESTMENTS-AT-COST>         350966878
<INVESTMENTS-AT-VALUE>        350966878
<RECEIVABLES>                 2356116
<ASSETS-OTHER>                0
<OTHER-ITEMS-ASSETS>          1773896
<TOTAL-ASSETS>                355096890
<PAYABLE-FOR-SECURITIES>      0
<SENIOR-LONG-TERM-DEBT>       0
<OTHER-ITEMS-LIABILITIES>     873481
<TOTAL-LIABILITIES>           873481
<SENIOR-EQUITY>               0
<PAID-IN-CAPITAL-COMMON>      354232646
<SHARES-COMMON-STOCK>         354234335
<SHARES-COMMON-PRIOR>         323763821
<ACCUMULATED-NII-CURRENT>     0
<OVERDISTRIBUTION-NII>        0
<ACCUMULATED-NET-GAINS>       (9237)
<OVERDISTRIBUTION-GAINS>      0
<ACCUM-APPREC-OR-DEPREC>      0
<NET-ASSETS>                  354223409
<DIVIDEND-INCOME>             0
<INTEREST-INCOME>             6745758
<OTHER-INCOME>                0
<EXPENSES-NET>                1487160
<NET-INVESTMENT-INCOME>       5258598
<REALIZED-GAINS-CURRENT>      0
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<NET-CHANGE-FROM-OPS>         5258598
<EQUALIZATION>                0
<DISTRIBUTIONS-OF-INCOME>     525898
<DISTRIBUTIONS-OF-GAINS>      0
<DISTRIBUTIONS-OTHER>         0
<NUMBER-OF-SHARES-SOLD>       307064032
<NUMBER-OF-SHARES-REDEEMED>   281701503
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<ACCUMULATED-NII-PRIOR>       0
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<GROSS-ADVISORY-FEES>         536478
<INTEREST-EXPENSE>            0
<GROSS-EXPENSE>               1488648
<AVERAGE-NET-ASSETS>          350921996
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<PER-SHARE-DISTRIBUTIONS>     0
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<EXPENSE-RATIO>               0.83
<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  financial  statements  and  supporting
                    schedules  as of the end of the most  current  period and is
                    qualified in its  entirety by  reference  to such  financial
                    statements.
</LEGEND>
<CIK>               0000740372
<NAME>              New York Daily Tax Free Income Fund, Inc.
<SERIES>            
<NUMBER>            2
<NAME>              Class B
       
<S>                               <C>    
<PERIOD-TYPE>                 6-mos
<FISCAL-YEAR-END>             APR-30-1997
<PERIOD-START>                MAY-01-1997
<PERIOD-END>                  OCT-31-1997
<INVESTMENTS-AT-COST>         350966878
<INVESTMENTS-AT-VALUE>        350966878
<RECEIVABLES>                 2356116
<ASSETS-OTHER>                0
<OTHER-ITEMS-ASSETS>          1773896
<TOTAL-ASSETS>                355096890
<PAYABLE-FOR-SECURITIES>      0
<SENIOR-LONG-TERM-DEBT>       0
<OTHER-ITEMS-LIABILITIES>     873481
<TOTAL-LIABILITIES>           873481
<SENIOR-EQUITY>               0
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<SHARES-COMMON-STOCK>         354234335
<SHARES-COMMON-PRIOR>         323763821
<ACCUMULATED-NII-CURRENT>     0
<OVERDISTRIBUTION-NII>        0
<ACCUMULATED-NET-GAINS>       (9237)
<OVERDISTRIBUTION-GAINS>      0
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<DIVIDEND-INCOME>             0
<INTEREST-INCOME>             6745758
<OTHER-INCOME>                0
<EXPENSES-NET>                1487160
<NET-INVESTMENT-INCOME>       5258598
<REALIZED-GAINS-CURRENT>      0
<APPREC-INCREASE-CURRENT>     0
<NET-CHANGE-FROM-OPS>         5258598
<EQUALIZATION>                0
<DISTRIBUTIONS-OF-INCOME>     525898
<DISTRIBUTIONS-OF-GAINS>      0
<DISTRIBUTIONS-OTHER>         0
<NUMBER-OF-SHARES-SOLD>       307064032
<NUMBER-OF-SHARES-REDEEMED>   281701503
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<NET-CHANGE-IN-ASSETS>        30470514
<ACCUMULATED-NII-PRIOR>       0
<ACCUMULATED-GAINS-PRIOR>     (9237)
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<INTEREST-EXPENSE>            0
<GROSS-EXPENSE>               1488648
<AVERAGE-NET-ASSETS>          350921996
<PER-SHARE-NAV-BEGIN>         1.00
<PER-SHARE-NII>               0.02
<PER-SHARE-GAIN-APPREC>       0
<PER-SHARE-DIVIDEND>          0.02
<PER-SHARE-DISTRIBUTIONS>     0
<RETURNS-OF-CAPITAL>          0
<PER-SHARE-NAV-END>           1.00
<EXPENSE-RATIO>               0.63
<AVG-DEBT-OUTSTANDING>        0
<AVG-DEBT-PER-SHARE>          0
        

</TABLE>


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