<PAGE> PAGE 1
000 B000000 06/30/95
000 C000000 0000740843
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THORNBURG LIMITED TERM MUNICIPAL FUND INC
001 B000000 811-4302
001 C000000 5059840200
002 A000000 119 E. MARCY STREET SUITE 201
002 B000000 SANTA FE
002 C000000 NM
002 D010000 87501
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 LIMITED TERM MUNI FUND, INC. NATIONAL PORT.
007 C030100 N
007 C010200 2
007 C020200 LIMITED TERM MUNI FUND, INC. CALIFORNIA PORT.
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 THORNBURG MANAGEMENT COMPANY
008 B00AA01 A
008 C00AA01 801-17853
008 D01AA01 SANTA FE
008 D02AA01 NM
008 D03AA01 87501
011 A00AA01 THORNBURG SECURITIES CORPORATION
011 B00AA01 8-31249
011 C01AA01 SANTA FE
011 C02AA01 NM
011 C03AA01 87501
015 B00AA01 C
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 7
<PAGE> PAGE 2
019 C00AA00 -THORNBURG
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 PAINE WEBBER INC.
022 B000001 13-2638166
022 C000001 64940
022 D000001 86389
022 A000002 MERRILL LYNCH PIERCE FENNER & SMITH CO
022 B000002 13-5674085
022 C000002 48700
022 D000002 47042
022 A000003 CS FIRST BOSTON CORP
022 B000003 13-9659485
022 C000003 32748
022 D000003 35625
022 A000004 STATE STTREET BANK & TRUST CO
022 B000004 04-1867445
022 C000004 29503
022 D000004 29487
022 A000005 MORGAN STANLEY & CO, INC
022 B000005 13-2838811
022 C000005 32300
022 D000005 22600
022 A000006 SUTRO & CO
022 B000006 94-1704902
022 C000006 50255
022 D000006 1184
022 A000007 GRUNTAL & CO
022 B000007 13-3201805
022 C000007 18574
022 D000007 30817
022 A000008 NUVEEN (JOHN) & COMPANY
022 B000008 36-2639476
022 C000008 24040
022 D000008 20340
022 A000009 DEAN WITTER REYNOLDS INC
022 B000009 94-1671384
022 C000009 22350
022 D000009 5506
022 A000010 EDWARDS AG &SONS INC
022 B000010 43-0895447
022 C000010 15928
<PAGE> PAGE 3
022 D000010 2869
023 C000000 437669
023 D000000 434647
024 00AA00 N
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
037 00AA00 N
038 00AA00 0
039 00AA00 Y
040 00AA00 Y
041 00AA00 Y
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 N
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 Y
060 B00AA00 Y
061 00AA00 5000
066 A00AA00 N
<PAGE> PAGE 4
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 N
070 A02AA00 N
070 B01AA00 N
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 Y
070 K01AA00 N
070 K02AA00 N
070 L01AA00 N
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 N
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 Y
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
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 5
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 NATIONAL UNION FIRE
080 C00AA00 4000
081 A00AA00 Y
081 B00AA00 2
082 A00AA00 Y
082 B00AA00 50
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
028 A010100 8646
028 A020100 2843
028 A030100 0
028 A040100 14619
028 B010100 11520
028 B020100 3052
028 B030100 0
028 B040100 12569
028 C010100 11079
028 C020100 3033
028 C030100 0
028 C040100 16133
028 D010100 7584
028 D020100 2735
028 D030100 0
028 D040100 15085
028 E010100 6973
028 E020100 2688
028 E030100 0
028 E040100 32323
028 F010100 12477
028 F020100 2658
028 F030100 0
028 F040100 78304
028 G010100 58279
028 G020100 17009
028 G030100 0
028 G040100 169033
028 H000100 34463
029 000100 Y
<PAGE> PAGE 6
030 A000100 1140
030 B000100 2.50
030 C000100 0.00
031 A000100 178
031 B000100 0
032 000100 963
033 000100 0
034 000100 Y
035 000100 4
036 A000100 N
036 B000100 0
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 1245
044 000100 1068
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 500000
048 A020100 0.750
048 B010100 500000
048 B020100 0.650
048 C010100 500000
048 C020100 0.550
048 D010100 500000
048 D020100 0.500
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
048 K010100 2000000
048 K020100 0.400
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
<PAGE> PAGE 7
062 E000100 3.4
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 96.6
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 3.9
064 A000100 Y
064 B000100 Y
065 000100 Y
071 A000100 218114
071 B000100 357437
071 C000100 948251
071 D000100 23
072 A000100 12
072 B000100 56756
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 6822
072 G000100 0
072 H000100 0
072 I000100 654
072 J000100 315
072 K000100 0
072 L000100 0
072 M000100 32
072 N000100 126
072 O000100 0
072 P000100 0
072 Q000100 96
072 R000100 40
072 S000100 48
072 T000100 1245
072 U000100 0
072 V000100 0
072 W000100 107
072 X000100 9485
072 Y000100 17
072 Z000100 47288
072AA000100 0
072BB000100 4023
<PAGE> PAGE 8
072CC010100 9446
072CC020100 0
072DD010100 47288
072DD020100 0
072EE000100 0
073 A010100 0.6400
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 211
074 B000100 0
074 C000100 0
074 D000100 930821
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 7066
074 K000100 0
074 L000100 17625
074 M000100 43
074 N000100 955766
074 O000100 10100
074 P000100 560
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 3828
074 S000100 0
074 T000100 941278
074 U010100 70387
074 U020100 0
074 V010100 13.37
074 V020100 0.00
074 W000100 0.0000
074 X000100 18857
074 Y000100 0
075 A000100 0
075 B000100 972596
076 000100 0.00
028 A010200 413
028 A020200 251
028 A030200 0
028 A040200 1538
028 B010200 633
028 B020200 254
028 B030200 0
028 B040200 1199
028 C010200 1128
<PAGE> PAGE 9
028 C020200 252
028 C030200 0
028 C040200 1218
028 D010200 473
028 D020200 244
028 D030200 0
028 D040200 1033
028 E010200 845
028 E020200 251
028 E030200 0
028 E040200 912
028 F010200 1039
028 F020200 252
028 F030200 0
028 F040200 2529
028 G010200 4531
028 G020200 1504
028 G030200 0
028 G040200 8429
028 H000200 3251
029 000200 Y
030 A000200 157
030 B000200 2.50
030 C000200 0.00
031 A000200 24
031 B000200 0
032 000200 133
033 000200 0
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 100
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 137
044 000200 109
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 500000
048 A020200 0.750
048 B010200 500000
048 B020200 0.650
048 C010200 500000
048 C020200 0.550
048 D010200 500000
048 D020200 0.500
048 E010200 0
<PAGE> PAGE 10
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 2000000
048 K020200 0.400
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.2
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 99.8
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 4.1
064 A000200 Y
064 B000200 N
071 A000200 19063
071 B000200 27373
071 C000200 102840
071 D000200 19
072 A000200 12
072 B000200 5962
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 787
072 G000200 0
072 H000200 0
072 I000200 79
072 J000200 59
072 K000200 0
072 L000200 0
<PAGE> PAGE 11
072 M000200 4
072 N000200 6
072 O000200 0
072 P000200 0
072 Q000200 10
072 R000200 17
072 S000200 5
072 T000200 136
072 U000200 0
072 V000200 0
072 W000200 15
072 X000200 1118
072 Y000200 64
072 Z000200 4908
072AA000200 0
072BB000200 481
072CC010200 406
072CC020200 0
072DD010200 4907
072DD020200 0
072EE000200 0
073 A010200 0.5800
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 431
074 B000200 0
074 C000200 0
074 D000200 99680
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 1872
074 M000200 4
074 N000200 101987
074 O000200 1426
074 P000200 58
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 283
074 S000200 0
074 T000200 100220
074 U010200 7948
074 U020200 0
074 V010200 12.61
<PAGE> PAGE 12
074 V020200 0.00
074 W000200 0.0000
074 X000200 3668
074 Y000200 0
075 A000200 0
075 B000200 104760
076 000200 0.00
SIGNATURE JOHN ARIOLA
TITLE ASSISTANT V.P.
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000740843
<NAME> THORNBURG LIMITED TERM MUNICIPAL FUND, INC
<SERIES>
<NUMBER> 2
<NAME> THORNBURG LIMITED TERM MUNICIPAL FUND, CALIFORNIA PORT. (A)
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 98,448,386
<INVESTMENTS-AT-VALUE> 99,680,435
<RECEIVABLES> 1,871,664
<ASSETS-OTHER> 435,255
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 101,987,354
<PAYABLE-FOR-SECURITIES> 1,425,523
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 341,356
<TOTAL-LIABILITIES> 1,766,879
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 99,918,646
<SHARES-COMMON-STOCK> 7,838,510
<SHARES-COMMON-PRIOR> 8,889,126
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (930,219)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,232,049
<NET-ASSETS> 100,220,475
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,961,971
<OTHER-INCOME> 0
<EXPENSES-NET> (1,054,614)
<NET-INVESTMENT-INCOME> 4,907,357
<REALIZED-GAINS-CURRENT> (481,286)
<APPREC-INCREASE-CURRENT> 406,462
<NET-CHANGE-FROM-OPS> 4,832,533
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,870,883)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,016,756
<NUMBER-OF-SHARES-REDEEMED> (2,292,000)
<SHARES-REINVESTED> 224,628
<NET-CHANGE-IN-ASSETS> 12,882,884
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 448,933
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 786,812
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,118,397
<AVERAGE-NET-ASSETS> 104,760,481
<PER-SHARE-NAV-BEGIN> 12.57
<PER-SHARE-NII> .58
<PER-SHARE-GAIN-APPREC> .04
<PER-SHARE-DIVIDEND> (.58)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.61
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000740843
<NAME> THORNBURG LIMITED TERM MUNICIPAL FUND, INC
<SERIES>
<NUMBER> 2
<NAME> THORNBURG LIMITED TERM MUNICIPAL FUND, CALIFORNIA PORT. (B)
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 98,448,386
<INVESTMENTS-AT-VALUE> 99,680,435
<RECEIVABLES> 1,871,664
<ASSETS-OTHER> 435,255
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 101,987,354
<PAYABLE-FOR-SECURITIES> 1,425,523
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 341,356
<TOTAL-LIABILITIES> 1,766,879
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 99,918,646
<SHARES-COMMON-STOCK> 46,794
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (930,219)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,232,049
<NET-ASSETS> 100,220,475
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,961,971
<OTHER-INCOME> 0
<EXPENSES-NET> (1,054,614)
<NET-INVESTMENT-INCOME> 4,907,357
<REALIZED-GAINS-CURRENT> (481,286)
<APPREC-INCREASE-CURRENT> 406,462
<NET-CHANGE-FROM-OPS> 4,832,533
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (13,254)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 45,930
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 864
<NET-CHANGE-IN-ASSETS> 590,330
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 448,933
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 786,812
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,118,397
<AVERAGE-NET-ASSETS> 104,760,481
<PER-SHARE-NAV-BEGIN> 12.55
<PER-SHARE-NII> .43
<PER-SHARE-GAIN-APPREC> .07
<PER-SHARE-DIVIDEND> (.43)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.62
<EXPENSE-RATIO> 1.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000740843
<NAME> THORNBURG LIMITED TERM MUNICIPAL FUND, INC
<SERIES>
<NUMBER> 2
<NAME> THORNBURG LIMITED TERM MUNICIPAL FUND, CALIFORNIA PORT. (C)
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 98,448,386
<INVESTMENTS-AT-VALUE> 99,680,435
<RECEIVABLES> 1,871,664
<ASSETS-OTHER> 435,255
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 101,987,354
<PAYABLE-FOR-SECURITIES> 1,425,523
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 341,356
<TOTAL-LIABILITIES> 1,766,879
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 99,918,646
<SHARES-COMMON-STOCK> 62,567
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (930,219)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,232,049
<NET-ASSETS> 100,220,475
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,961,971
<OTHER-INCOME> 0
<EXPENSES-NET> (1,054,614)
<NET-INVESTMENT-INCOME> 4,907,357
<REALIZED-GAINS-CURRENT> (481,286)
<APPREC-INCREASE-CURRENT> 406,462
<NET-CHANGE-FROM-OPS> 4,832,533
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (23,220)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 149,655
<NUMBER-OF-SHARES-REDEEMED> (88,724)
<SHARES-REINVESTED> 1,636
<NET-CHANGE-IN-ASSETS> 789,610
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 448,933
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 786,812
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,118,397
<AVERAGE-NET-ASSETS> 104,760,481
<PER-SHARE-NAV-BEGIN> 12.55
<PER-SHARE-NII> .42
<PER-SHARE-GAIN-APPREC> .07
<PER-SHARE-DIVIDEND> (.42)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.62
<EXPENSE-RATIO> 1.63
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000740843
<NAME> LIMITED TERM MUNICIPAL FUND, INC.
<SERIES>
<NUMBER> 1
<NAME> THORNBURG LIMITED TERM MUNICIPAL FUND, NATIONAL PORTFOLIO (A)
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 908,808,449
<INVESTMENTS-AT-VALUE> 930,821,419
<RECEIVABLES> 24,690,502
<ASSETS-OTHER> 253,969
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 955,765,890
<PAYABLE-FOR-SECURITIES> 10,100,402
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,387,288
<TOTAL-LIABILITIES> 14,487,690
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 924,975,371
<SHARES-COMMON-STOCK> 69,693,624
<SHARES-COMMON-PRIOR> 77,667,220
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,710,141)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,012,970
<NET-ASSETS> 941,278,200
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 56,756,233
<OTHER-INCOME> 0
<EXPENSES-NET> (9,468,438)
<NET-INVESTMENT-INCOME> 47,287,795
<REALIZED-GAINS-CURRENT> (4,022,722)
<APPREC-INCREASE-CURRENT> 9,446,075
<NET-CHANGE-FROM-OPS> 52,711,148
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (47,098,833)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,393,212
<NUMBER-OF-SHARES-REDEEMED> (20,550,093)
<SHARES-REINVESTED> 2,183,285
<NET-CHANGE-IN-ASSETS> (98,306,576)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,687,419
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,822,100
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,485,425
<AVERAGE-NET-ASSETS> 972,595,631
<PER-SHARE-NAV-BEGIN> 13.27
<PER-SHARE-NII> .64
<PER-SHARE-GAIN-APPREC> .10
<PER-SHARE-DIVIDEND> (.64)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.37
<EXPENSE-RATIO> .97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000740843
<NAME> LIMITED TERM MUNICIPAL FUND, INC.
<SERIES>
<NUMBER> 1
<NAME> THORNBURG LIMITED TERM MUNICIPAL FUND, NATIONAL PORTFOLIO (B)
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 908,808,449
<INVESTMENTS-AT-VALUE> 930,821,419
<RECEIVABLES> 24,690,502
<ASSETS-OTHER> 253,969
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 955,765,890
<PAYABLE-FOR-SECURITIES> 10,100,402
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,387,288
<TOTAL-LIABILITIES> 14,487,690
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 924,975,371
<SHARES-COMMON-STOCK> 210,953
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,710,141)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,012,970
<NET-ASSETS> 941,278,200
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 56,756,233
<OTHER-INCOME> 0
<EXPENSES-NET> (9,468,438)
<NET-INVESTMENT-INCOME> 47,287,795
<REALIZED-GAINS-CURRENT> (4,022,722)
<APPREC-INCREASE-CURRENT> 9,446,075
<NET-CHANGE-FROM-OPS> 52,711,148
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (52,849)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 220,994
<NUMBER-OF-SHARES-REDEEMED> (12,966)
<SHARES-REINVESTED> 2,925
<NET-CHANGE-IN-ASSETS> 2,822,700
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,687,419
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,822,100
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,485,425
<AVERAGE-NET-ASSETS> 972,595,631
<PER-SHARE-NAV-BEGIN> 13.29
<PER-SHARE-NII> .46
<PER-SHARE-GAIN-APPREC> .09
<PER-SHARE-DIVIDEND> (.46)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.38
<EXPENSE-RATIO> 1.57
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000740843
<NAME> LIMITED TERM MUNICIPAL FUND, INC.
<SERIES>
<NUMBER> 1
<NAME> THORNBURG LIMITED TERM MUNICIPAL FUND, NATIONAL PORTFOLIO (C)
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 908,808,449
<INVESTMENTS-AT-VALUE> 930,821,419
<RECEIVABLES> 24,690,502
<ASSETS-OTHER> 253,969
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 955,765,890
<PAYABLE-FOR-SECURITIES> 10,100,402
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,387,288
<TOTAL-LIABILITIES> 14,487,690
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 924,975,371
<SHARES-COMMON-STOCK> 482,824
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,710,141)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,012,970
<NET-ASSETS> 941,278,200
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 56,756,233
<OTHER-INCOME> 0
<EXPENSES-NET> (9,468,438)
<NET-INVESTMENT-INCOME> 47,287,795
<REALIZED-GAINS-CURRENT> (4,022,722)
<APPREC-INCREASE-CURRENT> 9,446,075
<NET-CHANGE-FROM-OPS> 52,711,148
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (136,113)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 564,508
<NUMBER-OF-SHARES-REDEEMED> (90,391)
<SHARES-REINVESTED> 8,707
<NET-CHANGE-IN-ASSETS> 6,468,758
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,687,419
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,822,100
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,485,425
<AVERAGE-NET-ASSETS> 972,595,631
<PER-SHARE-NAV-BEGIN> 13.29
<PER-SHARE-NII> .46
<PER-SHARE-GAIN-APPREC> .11
<PER-SHARE-DIVIDEND> (.46)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.40
<EXPENSE-RATIO> 1.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>