BENHAM MUNICIPAL TRUST
NSAR-B, 1995-07-28
Previous: ROSS STORES INC, S-8, 1995-07-28
Next: LANDMARK GRAPHICS CORP, S-3, 1995-07-28



<PAGE>      PAGE  1
000 B000000 05/31/95
000 C000000 0000746458
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 BENHAM MUNICIPAL TRUST
001 B000000 811-4025
001 C000000 4159658300
002 A000000 1665 CHARLESTON ROAD
002 B000000 MOUNTAIN VIEW
002 C000000 CA
002 D010000 94043
002 D020000 1211
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  6
007 C010100  1
007 C020100 BENHAM NATIONAL TAX-FREE MONEY MARKET FUND
007 C030100 N
007 C010200  2
007 C020200 BENHAM FLORIDA MUNICIPAL MONEY MARKET FUND
007 C030200 N
007 C010300  3
007 C020300 BENHAM NATIONAL TAX-FREE INTRMDIATE-TERM FUND
007 C030300 N
007 C010400  4
007 C020400 BENHAM FLORIDA MUNICIPAL INTRMDIATE-TERM FUND
007 C030400 N
007 C010500  5
007 C020500 BENHAM ARIZONA MUNICIPAL INTRMDIATE-TERM FUND
007 C030500 N
007 C010600  6
007 C020600 BENHAM NATIONAL TAX-FREE LONG-TERM FUND
007 C030600 N
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
<PAGE>      PAGE  2
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 BENHAM FUNDS
022 C000001     79460
022 D000001     76770
022 A000002 LEHMAN BROS.
022 B000002 13-2518466
022 C000002     44317
022 D000002      7635
022 A000003 GOLDMAN SACHS
022 B000003 13-5108880
022 C000003     40491
022 D000003         0
022 A000004 MERRILL LYNCH
022 B000004 13-5674085
022 C000004     27993
022 D000004         0
022 A000005 CITIBANK
022 B000005 13-2614988
022 C000005     20180
022 D000005     23410
022 A000006 J.P. MORGAN
022 B000006 13-3224022
022 C000006     19368
022 D000006     18375
022 A000007 PAINE WEBER
022 B000007 13-2638166
022 C000007     14314
022 D000007     13764
022 A000008 BANKERS TRUST CO.
022 B000008 13-3166617
022 C000008     14201
022 D000008         0
022 A000009 CHEMICAL BANK
022 B000009 13-3379014
022 C000009     12900
022 D000009     13500
022 A000010 SMITH BARNEY
022 B000010 13-1912900
022 C000010     10309
022 D000010     14759
023 C000000     394468
023 D000000     278654
027  000000 Y
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 D000000 N
<PAGE>      PAGE  3
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 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 ICI MUTUAL
080 C00AA00    25000
081 A00AA00 Y
081 B00AA00  27
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     10901
028 A020100       254
028 A030100         0
028 A040100     14135
028 B010100     15768
028 B020100       240
028 B030100         0
028 B040100     10215
028 C010100      6728
028 C020100       238
028 C030100         0
<PAGE>      PAGE  4
028 C040100      8116
028 D010100      6438
028 D020100       258
028 D030100         0
028 D040100     13300
028 E010100      5123
028 E020100       238
028 E030100         0
028 E040100      7173
028 F010100      6215
028 F020100       303
028 F030100         0
028 F040100      5887
028 G010100     51173
028 G020100      1531
028 G030100         0
028 G040100     58826
028 H000100         0
062 A000100 Y
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100 100.0
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   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100  36
063 B000100  0.0
071 A000100         0
071 B000100         0
071 C000100         0
071 D000100    0
072 A000100 12
072 B000100     3525
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100      560
072 G000100        0
072 H000100        0
072 I000100       65
<PAGE>      PAGE  5
072 J000100       10
072 K000100       11
072 L000100       15
072 M000100        3
072 N000100       27
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100       30
072 S000100        3
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100       21
072 X000100      745
072 Y000100       88
072 Z000100     2868
072AA000100        0
072BB000100        0
072CC010100        0
072CC020100        0
072DD010100     2868
072DD020100        0
072EE000100        0
073 A010100   0.0295
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100      639
074 B000100        0
074 C000100    90126
074 D000100        0
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100     1270
074 K000100        0
074 L000100      672
074 M000100       21
074 N000100    92728
074 O000100        0
074 P000100       52
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100      642
074 S000100        0
074 T000100    92034
<PAGE>      PAGE  6
074 U010100    92034
074 U020100        0
074 V010100     1.00
074 V020100     0.00
074 W000100   1.0003
074 X000100     3650
074 Y000100        0
075 A000100    99577
075 B000100        0
076  000100     0.00
028 A010200     26365
028 A020200        96
028 A030200         0
028 A040200      1923
028 B010200      4142
028 B020200       126
028 B030200         0
028 B040200     20507
028 C010200      2970
028 C020200        94
028 C030200         0
028 C040200      3905
028 D010200      2965
028 D020200       103
028 D030200         0
028 D040200      2669
028 E010200      6574
028 E020200       103
028 E030200         0
028 E040200      2860
028 F010200     13600
028 F020200       164
028 F030200         0
028 F040200      3355
028 G010200     56616
028 G020200       686
028 G030200         0
028 G040200     35219
028 H000200         0
062 A000200 Y
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200 100.0
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
<PAGE>      PAGE  7
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200  42
063 B000200  0.0
071 A000200         0
071 B000200         0
071 C000200         0
071 D000200    0
072 A000200 12
072 B000200      896
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200      127
072 G000200        0
072 H000200        0
072 I000200       16
072 J000200       11
072 K000200        3
072 L000200        7
072 M000200        2
072 N000200       14
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200        8
072 S000200        6
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200        7
072 X000200      201
072 Y000200      201
072 Z000200      896
072AA000200        0
072BB000200        0
072CC010200        0
072CC020200        0
072DD010200      896
072DD020200        0
072EE000200        0
073 A010200   0.0372
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200      225
074 B000200        0
<PAGE>      PAGE  8
074 C000200    46076
074 D000200        0
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200        5
074 L000200      301
074 M000200       96
074 N000200    46703
074 O000200     1519
074 P000200        0
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200       37
074 S000200        0
074 T000200    45147
074 U010200    45147
074 U020200        0
074 V010200     1.00
074 V020200     0.00
074 W000200   1.0003
074 X000200      774
074 Y000200        0
075 A000200    22809
075 B000200        0
076  000200     0.00
028 A010300       551
028 A020300       371
028 A030300         0
028 A040300      3662
028 B010300      1310
028 B020300       201
028 B030300         0
028 B040300      2054
028 C010300      1823
028 C020300       182
028 C030300         0
028 C040300      1047
028 D010300       774
028 D020300       205
028 D030300         0
028 D040300      1048
028 E010300       585
028 E020300       184
028 E030300         0
028 E040300      1420
<PAGE>      PAGE  9
028 F010300       947
028 F020300       212
028 F030300         0
028 F040300      1224
028 G010300      5990
028 G020300      1355
028 G030300         0
028 G040300     10455
028 H000300         0
062 A000300 Y
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   0.0
062 M000300   0.0
062 N000300   0.0
062 O000300 100.0
062 P000300   0.0
062 Q000300   0.0
062 R000300   0.0
063 A000300   0
063 B000300  6.3
071 A000300     31176
071 B000300     37902
071 C000300     65655
071 D000300   47
072 A000300 12
072 B000300     3639
072 C000300        0
072 D000300        0
072 E000300        0
072 F000300      370
072 G000300        0
072 H000300        0
072 I000300       51
072 J000300        7
072 K000300        8
072 L000300        9
072 M000300        2
072 N000300       20
072 O000300        0
072 P000300        0
072 Q000300        0
072 R000300       21
<PAGE>      PAGE  10
072 S000300        2
072 T000300        0
072 U000300        0
072 V000300        0
072 W000300       17
072 X000300      507
072 Y000300       69
072 Z000300     3201
072AA000300        0
072BB000300      784
072CC010300     1521
072CC020300        0
072DD010300     3201
072DD020300        0
072EE000300      228
073 A010300   0.5039
073 A020300   0.0000
073 B000300   0.0367
073 C000300   0.0000
074 A000300      114
074 B000300        0
074 C000300        0
074 D000300    64658
074 E000300        0
074 F000300        0
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300      564
074 K000300        0
074 L000300     1231
074 M000300        6
074 N000300    66573
074 O000300     1524
074 P000300       36
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300      109
074 S000300        0
074 T000300    64904
074 U010300     6060
074 U020300        0
074 V010300    10.71
074 V020300     0.00
074 W000300   0.0000
074 X000300     3156
074 Y000300     6297
075 A000300        0
075 B000300    66424
<PAGE>      PAGE  11
076  000300     0.00
028 A010400      3646
028 A020400        19
028 A030400         0
028 A040400      4075
028 B010400      1185
028 B020400        23
028 B030400         0
028 B040400       126
028 C010400       439
028 C020400        20
028 C030400         0
028 C040400       879
028 D010400       663
028 D020400        23
028 D030400         0
028 D040400       298
028 E010400       745
028 E020400        22
028 E030400         0
028 E040400        78
028 F010400       260
028 F020400        27
028 F030400         0
028 F040400        83
028 G010400      6938
028 G020400       134
028 G030400         0
028 G040400      5539
028 H000400         0
062 A000400 Y
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
062 E000400   0.0
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400   0.0
062 N000400   0.0
062 O000400 100.0
062 P000400   0.0
062 Q000400   0.0
062 R000400   0.0
063 A000400   0
063 B000400  7.0
071 A000400      7604
<PAGE>      PAGE  12
071 B000400      2361
071 C000400      6446
071 D000400   37
072 A000400 12
072 B000400      339
072 C000400        0
072 D000400        0
072 E000400        0
072 F000400       36
072 G000400        0
072 H000400        0
072 I000400        7
072 J000400        7
072 K000400        2
072 L000400        3
072 M000400        2
072 N000400        1
072 O000400        0
072 P000400        0
072 Q000400        0
072 R000400        4
072 S000400        4
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400        5
072 X000400       71
072 Y000400       71
072 Z000400      339
072AA000400       23
072BB000400        0
072CC010400      246
072CC020400        0
072DD010400      339
072DD020400        0
072EE000400        2
073 A010400   0.5203
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
074 A000400      376
074 B000400        0
074 C000400        0
074 D000400     9383
074 E000400        0
074 F000400        0
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
074 K000400        1
<PAGE>      PAGE  13
074 L000400      146
074 M000400        4
074 N000400     9910
074 O000400      350
074 P000400        0
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400       28
074 S000400        0
074 T000400     9532
074 U010400      925
074 U020400        0
074 V010400    10.30
074 V020400     0.00
074 W000400   0.0000
074 X000400      332
074 Y000400     1444
075 A000400        0
075 B000400     6481
076  000400     0.00
028 A010500      1382
028 A020500        45
028 A030500         0
028 A040500      1241
028 B010500      1427
028 B020500        53
028 B030500         0
028 B040500       998
028 C010500      1129
028 C020500        50
028 C030500         0
028 C040500       408
028 D010500      1303
028 D020500        57
028 D030500         0
028 D040500       914
028 E010500      1428
028 E020500        54
028 E030500         0
028 E040500       868
028 F010500      1779
028 F020500        66
028 F030500         0
028 F040500       372
028 G010500      8448
028 G020500       325
028 G030500         0
028 G040500      4801
028 H000500         0
<PAGE>      PAGE  14
062 A000500 Y
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
062 I000500   0.0
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
062 M000500   0.0
062 N000500   0.0
062 O000500 100.0
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
063 A000500   0
063 B000500  6.2
071 A000500     19614
071 B000500      4424
071 C000500     13317
071 D000500   33
072 A000500 12
072 B000500      715
072 C000500        0
072 D000500        0
072 E000500        0
072 F000500       77
072 G000500        0
072 H000500        0
072 I000500       18
072 J000500        7
072 K000500        3
072 L000500        8
072 M000500        2
072 N000500        7
072 O000500        0
072 P000500        0
072 Q000500        0
072 R000500        6
072 S000500        4
072 T000500        0
072 U000500        0
072 V000500        0
072 W000500        7
072 X000500      139
072 Y000500      139
072 Z000500      715
072AA000500        0
<PAGE>      PAGE  15
072BB000500       89
072CC010500      540
072CC020500        0
072DD010500      715
072DD020500        0
072EE000500        0
073 A010500   0.5149
073 A020500   0.0000
073 B000500   0.0000
073 C000500   0.0000
074 A000500       82
074 B000500        0
074 C000500        0
074 D000500    19266
074 E000500        0
074 F000500        0
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500        0
074 K000500        1
074 L000500      457
074 M000500        4
074 N000500    19810
074 O000500        0
074 P000500        0
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500       32
074 S000500        0
074 T000500    19778
074 U010500     1910
074 U020500        0
074 V010500    10.35
074 V020500     0.00
074 W000500   0.0000
074 X000500      872
074 Y000500     1106
075 A000500        0
075 B000500    13852
076  000500     0.00
028 A010600      5596
028 A020600       348
028 A030600         0
028 A040600      7796
028 B010600      4630
028 B020600       174
028 B030600         0
028 B040600      4810
<PAGE>      PAGE  16
028 C010600      4474
028 C020600       154
028 C030600         0
028 C040600      3070
028 D010600      4702
028 D020600       168
028 D030600         0
028 D040600      6974
028 E010600      1174
028 E020600       151
028 E030600         0
028 E040600      1871
028 F010600      1823
028 F020600       172
028 F030600         0
028 F040600      2183
028 G010600     22399
028 G020600      1167
028 G030600         0
028 G040600     26704
028 H000600         0
062 A000600 Y
062 B000600   0.0
062 C000600   0.0
062 D000600   0.0
062 E000600   0.0
062 F000600   0.0
062 G000600   0.0
062 H000600   0.0
062 I000600   0.0
062 J000600   0.0
062 K000600   0.0
062 L000600   0.0
062 M000600   0.0
062 N000600   0.0
062 O000600 100.0
062 P000600   0.0
062 Q000600   0.0
062 R000600   0.0
063 A000600   0
063 B000600 17.1
071 A000600     16833
071 B000600     29126
071 C000600     49381
071 D000600   34
072 A000600 12
072 B000600     3135
072 C000600        0
072 D000600        0
072 E000600        0
072 F000600      279
<PAGE>      PAGE  17
072 G000600        0
072 H000600        0
072 I000600       44
072 J000600        6
072 K000600        7
072 L000600        7
072 M000600        2
072 N000600       20
072 O000600        0
072 P000600        0
072 Q000600        0
072 R000600       16
072 S000600        2
072 T000600        0
072 U000600        0
072 V000600        0
072 W000600       12
072 X000600      395
072 Y000600       64
072 Z000600     2804
072AA000600        0
072BB000600     1163
072CC010600     2009
072CC020600        0
072DD010600     2804
072DD020600        0
072EE000600      244
073 A010600   0.6213
073 A020600   0.0000
073 B000600   0.0551
073 C000600   0.0000
074 A000600     1015
074 B000600        0
074 C000600        0
074 D000600    46634
074 E000600        0
074 F000600        0
074 G000600        0
074 H000600        0
074 I000600        0
074 J000600        0
074 K000600       31
074 L000600      925
074 M000600        1
074 N000600    48606
074 O000600     1166
074 P000600       25
074 Q000600        0
074 R010600        0
074 R020600        0
074 R030600        0
<PAGE>      PAGE  18
074 R040600      101
074 S000600        0
074 T000600    47314
074 U010600     4124
074 U020600        0
074 V010600    11.47
074 V020600     0.00
074 W000600   0.0000
074 X000600     2628
074 Y000600     5515
075 A000600        0
075 B000600    50116
076  000600     0.00
SIGNATURE   ANN MCCOID                                   
TITLE       CONTROLLER          
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> BENHAM NATIONAL TAX-FREE MONEY MARKET FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1995
<PERIOD-END>                               MAY-31-1995
<INVESTMENTS-AT-COST>                         90125617
<INVESTMENTS-AT-VALUE>                        90125617
<RECEIVABLES>                                  1961075
<ASSETS-OTHER>                                  638996
<OTHER-ITEMS-ASSETS>                              1842
<TOTAL-ASSETS>                                92727530
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       693432
<TOTAL-LIABILITIES>                             693432
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      92034098
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                  92034098
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              3525038
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  657213
<NET-INVESTMENT-INCOME>                        2867825
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          2867825
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      2867825
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       85655933
<NUMBER-OF-SHARES-REDEEMED>                  106151286
<SHARES-REINVESTED>                            2711200
<NET-CHANGE-IN-ASSETS>                      (17784153)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           456011
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 745541
<AVERAGE-NET-ASSETS>                          99577464
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   .030
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         .030
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                     75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> BENHAM FLORIDA MUNICIPAL MONEY MARKET FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1995
<PERIOD-END>                               MAY-31-1995
<INVESTMENTS-AT-COST>                         46076285
<INVESTMENTS-AT-VALUE>                        46076285
<RECEIVABLES>                                   402492
<ASSETS-OTHER>                                  224535
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                46703312
<PAYABLE-FOR-SECURITIES>                       1518745
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        37744
<TOTAL-LIABILITIES>                            1556489
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      45146823
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                  45146823
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               895550
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                         895550
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           895550
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       895550
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       83301805
<NUMBER-OF-SHARES-REDEEMED>                   44588140
<SHARES-REINVESTED>                             868437
<NET-CHANGE-IN-ASSETS>                        39582102
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           104280
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 201445
<AVERAGE-NET-ASSETS>                          22809109
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .04
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .04
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                     88
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> BENHAM NATIONAL TAX-FREE INTERMEDIATE TERM FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1995
<PERIOD-END>                               MAY-31-1995
<INVESTMENTS-AT-COST>                         62397867
<INVESTMENTS-AT-VALUE>                        64657993
<RECEIVABLES>                                  1800999
<ASSETS-OTHER>                                  113537
<OTHER-ITEMS-ASSETS>                               725
<TOTAL-ASSETS>                                66573254
<PAYABLE-FOR-SECURITIES>                       1523768
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       145945
<TOTAL-LIABILITIES>                            1669713
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      63296057
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (784150)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       2391634
<NET-ASSETS>                                  64903541
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              3639101
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  438397
<NET-INVESTMENT-INCOME>                        3200704
<REALIZED-GAINS-CURRENT>                      (784150)
<APPREC-INCREASE-CURRENT>                      1520540
<NET-CHANGE-FROM-OPS>                          3937094
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      3200704
<DISTRIBUTIONS-OF-GAINS>                        227528
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       16491110
<NUMBER-OF-SHARES-REDEEMED>                   25621380
<SHARES-REINVESTED>                            2600390
<NET-CHANGE-IN-ASSETS>                       (6529880)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           304189
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 507660
<AVERAGE-NET-ASSETS>                          66423917
<PER-SHARE-NAV-BEGIN>                            10.60
<PER-SHARE-NII>                                    .50
<PER-SHARE-GAIN-APPREC>                            .15
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .50
<RETURNS-OF-CAPITAL>                               .04
<PER-SHARE-NAV-END>                              10.71
<EXPENSE-RATIO>                                     76
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 4
   <NAME> BENHAM FLORIDA MUNICIPAL INTERMEDIATE TERM FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1995
<PERIOD-END>                               MAY-31-1995
<INVESTMENTS-AT-COST>                          9135342
<INVESTMENTS-AT-VALUE>                         9383372
<RECEIVABLES>                                   146155
<ASSETS-OTHER>                                  375586
<OTHER-ITEMS-ASSETS>                              4500
<TOTAL-ASSETS>                                 9909613
<PAYABLE-FOR-SECURITIES>                        350000
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        27954
<TOTAL-LIABILITIES>                             377954
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       9224542
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          22636
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        284481
<NET-ASSETS>                                   9531659
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               339183
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                         339183
<REALIZED-GAINS-CURRENT>                         22636
<APPREC-INCREASE-CURRENT>                       246083
<NET-CHANGE-FROM-OPS>                           607902
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       339183
<DISTRIBUTIONS-OF-GAINS>                          1502
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       17938226
<NUMBER-OF-SHARES-REDEEMED>                   14815000
<SHARES-REINVESTED>                             249153
<NET-CHANGE-IN-ASSETS>                         3639596
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            29653
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  70638
<AVERAGE-NET-ASSETS>                           6480747
<PER-SHARE-NAV-BEGIN>                            10.11
<PER-SHARE-NII>                                    .52
<PER-SHARE-GAIN-APPREC>                            .19
<PER-SHARE-DIVIDEND>                               .52
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.30
<EXPENSE-RATIO>                                    109
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 5
   <NAME> BENHAM ARIZONA MUNICIPAL INTERMEDIATE TERM FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1995
<PERIOD-END>                               MAY-31-1995
<INVESTMENTS-AT-COST>                         18767638
<INVESTMENTS-AT-VALUE>                        19265697
<RECEIVABLES>                                   458241
<ASSETS-OTHER>                                   82370
<OTHER-ITEMS-ASSETS>                              3879
<TOTAL-ASSETS>                                19810187
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        31968
<TOTAL-LIABILITIES>                              31968
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      19283815
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (88555)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        582959
<NET-ASSETS>                                  19778219
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               714639
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                         714639
<REALIZED-GAINS-CURRENT>                       (88545)
<APPREC-INCREASE-CURRENT>                       539999
<NET-CHANGE-FROM-OPS>                          1166093
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       714639
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       30665555
<NUMBER-OF-SHARES-REDEEMED>                   19058695
<SHARES-REINVESTED>                             533368
<NET-CHANGE-IN-ASSETS>                        12591682
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            63393
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 139257
<AVERAGE-NET-ASSETS>                          13852069
<PER-SHARE-NAV-BEGIN>                            10.13
<PER-SHARE-NII>                                    .51
<PER-SHARE-GAIN-APPREC>                            .22
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .51
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.35
<EXPENSE-RATIO>                                    101
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> BENHAM NATIONAL TAX-FREE LONG-TERM FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1995
<PERIOD-END>                               MAY-31-1995
<INVESTMENTS-AT-COST>                         43314780
<INVESTMENTS-AT-VALUE>                        46634123
<RECEIVABLES>                                   956358
<ASSETS-OTHER>                                 1014529
<OTHER-ITEMS-ASSETS>                               710
<TOTAL-ASSETS>                                48605720
<PAYABLE-FOR-SECURITIES>                       1165698
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       125877
<TOTAL-LIABILITIES>                            1291575
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      45215405
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (1163064)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       3261804
<NET-ASSETS>                                  47314145
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              3134584
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  330764
<NET-INVESTMENT-INCOME>                        2803820
<REALIZED-GAINS-CURRENT>                     (1163064)
<APPREC-INCREASE-CURRENT>                      2008820
<NET-CHANGE-FROM-OPS>                          3649576
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      2803820
<DISTRIBUTIONS-OF-GAINS>                        244076
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       46320152
<NUMBER-OF-SHARES-REDEEMED>                   59171786
<SHARES-REINVESTED>                            2233888
<NET-CHANGE-IN-ASSETS>                      (10016066)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           229510
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 394865
<AVERAGE-NET-ASSETS>                          50115982
<PER-SHARE-NAV-BEGIN>                            11.26
<PER-SHARE-NII>                                    .62
<PER-SHARE-GAIN-APPREC>                            .27
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .62
<RETURNS-OF-CAPITAL>                               .06
<PER-SHARE-NAV-END>                              11.47
<EXPENSE-RATIO>                                     79
<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