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012 B000001 84-00192
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<PAGE> PAGE 2
012 C020001 NJ
012 C030001 07095
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013 B010001 NEW YORK
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013 B030001 10154
015 A000001 BANK ONE TRUST COMPANY, N.A.
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 7
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<PAGE> PAGE 9
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SIGNATURE PATRICIA A. CRAVEN
TITLE ASSISTANT SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S ANNUAL REPORT DATED MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000750909
<NAME> HAWAIIAN TAX-FREE TRUST
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 627,285,731
<INVESTMENTS-AT-VALUE> 651,388,114
<RECEIVABLES> 17,180,962
<ASSETS-OTHER> 15,252
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 668,584,328
<PAYABLE-FOR-SECURITIES> 4,373,669
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,285,351
<TOTAL-LIABILITIES> 8,659,020
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 58,326,382
<SHARES-COMMON-PRIOR> 58,237,009
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<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 659,925,308
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 40,010,926
<OTHER-INCOME> 0
<EXPENSES-NET> (4,784,947)
<NET-INVESTMENT-INCOME> 35,225,979
<REALIZED-GAINS-CURRENT> 3,423,716
<APPREC-INCREASE-CURRENT> 7,014,254
<NET-CHANGE-FROM-OPS> 45,663,949
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 35,033,352
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,446,713
<NUMBER-OF-SHARES-REDEEMED> (5,357,030)
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<GROSS-EXPENSE> 4,846,471
<AVERAGE-NET-ASSETS> 662,043,490
<PER-SHARE-NAV-BEGIN> 11.13
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</TABLE>
