CORTLAND TRUST INC
NSAR-A, 1997-11-24
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000 B000000 10/31/97
000 C000000 0000759699
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 CORTLAND TRUST, INC.
001 B000000 811-4179
001 C000000 2128305220
002 A000000 600 FIFTH AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10020
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 CORTLAND GENERAL MONEY MARKET FUND
007 C030100 N
007 C010200  2
007 C020200 U.S. GOVERNMENT FUND
007 C030200 N
007 C010300  3
007 C020300 MUNICIPAL MONEY MARKET FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 REICH & TANG ASSET MANAGEMENT L.P.
008 B00AA01 A
008 C00AA01 801-47230
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10020
008 D04AA01 2302
011 A00AA01 REICH & TANG DISTRIBUTORS L.P.
011 B00AA01 8-43429
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10020
011 C04AA01 2302
<PAGE>
012 A00AA01 REICH & TANG SERVICES L.P.
012 B00AA01 84-2007
012 C01AA01 NEW YORK
012 C02AA01 NY
012 C03AA01 10020
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
015 A00AA01 INVESTORS FIDUCIARY TRUST COMPANY
015 B00AA01 C
015 C01AA01 KANSAS CITY
015 C02AA01 MO
015 C03AA01 64105
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   19
019 C00AA00 REICHTANGI
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 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000001 13-2741729
022 C000001  15561000
022 D000001         0
022 A000002 MORGAN (J.P.) SECURITIES INC.CURITIES CORP.
022 B000002 13-3224016
022 C000002  12637456
022 D000002     86801
022 A000003 GOLDMAN, SACHS & CO.
022 B000003 13-5108880
022 C000003   5219493
022 D000003     14675
022 A000004 BANK OF AMERICA NT & SA
022 B000004 94-1687665
022 C000004   1295517
022 D000004     19883
022 A000005 CHASE SECURITIES, INC.
022 B000005 13-3112953
022 C000005    546492
022 D000005         0
022 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
<PAGE>
022 B000006 13-5674085
022 C000006    533042
022 D000006      7875
022 A000007 CANADIAN IMPERIAL BANK OF COMMERCE
022 B000007 13-1942440
022 C000007    247271
022 D000007         0
022 A000008 MORGAN STANLEY & CO. INCORPORATED
022 B000008 13-2655998
022 C000008    227215
022 D000008      2300
022 A000009 FIRST CHICAGO CAPITAL MARKETS INC.
022 B000009 36-3595942
022 C000009    112366
022 D000009     42545
022 A000010 GENERAL MOTOR ACCEPTANCE CORP.
022 C000010     99560
022 D000010         0
023 C000000   37359313
023 D000000     277871
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 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 Y
041  00AA00 Y
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
<PAGE>
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 Y
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00     1000
066 A00AA00 N
067  00AA00 N
068 A00AA00 N
068 B00AA00 N
069  00AA00 N
077 A000000 Y
077 B000000 N
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 Y
077 Q020000 N
077 Q030000 N
078  000000 N
028 A010100    414739
028 A020100      6061
028 A030100         0
028 A040100    437898
028 B010100    497824
028 B020100      6413
028 B030100         0
028 B040100    363606
028 C010100    497046
028 C020100      6989
028 C030100         0
028 C040100    417128
028 D010100    546079
028 D020100      7507
028 D030100         0
028 D040100    406660
028 E010100    448860
028 E020100      7387
028 E030100         0
028 E040100    437142
028 F010100    423178
028 F020100      6686
028 F030100         0
028 F040100   1278771
028 G010100   2827726
028 G020100     41043
028 G030100         0
028 G040100   3341205
028 H000100         0
029  000100 N
030 A000100      0
030 B000100  0.00
030 C000100  0.00
031 A000100      0
031 B000100      0
032  000100      0
033  000100      0
042 A000100   0
042 B000100   0
042 C000100 100
042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100   2036
<PAGE>
044  000100   3641
045  000100 Y
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047  000100 Y
048  000100  0.000
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048 A020100 8.000
048 B010100      500
048 B020100 7.750
048 C010100      500
048 C020100 7.500
048 D010100        0
048 D020100 7.250
048 E010100        0
048 E020100 0.000
048 F010100        0
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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        0
048 K020100 0.000
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
062 A000100 Y
062 B000100   0.0
062 C000100   0.0
062 D000100   8.7
062 E000100   0.0
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062 H000100   0.0
062 I000100  38.5
062 J000100   0.0
062 K000100   0.0
062 L000100  47.5
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
<PAGE>
062 R000100   0.0
063 A000100  28
063 B000100  0.0
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064 B000100 N
070 A010100 Y
070 A020100 Y
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 N
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100         0
071 B000100         0
071 C000100         0
071 D000100    0
072 A000100  6
072 B000100    49762
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100     6697
<PAGE>
072 G000100        0
072 H000100        0
072 I000100        0
072 J000100        0
072 K000100        0
072 L000100        0
072 M000100        0
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072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100        0
072 S000100        0
072 T000100     2088
072 U000100        0
072 V000100        0
072 W000100       44
072 X000100     8829
072 Y000100      480
072 Z000100    41413
072AA000100        1
072BB000100        0
072CC010100        0
072CC020100        0
072DD010100    29944
072DD020100    11040
072EE000100        0
073 A010100   0.0232
073 A020100   0.0235
073 B000100   0.0000
073 C000100   0.0000
074 A000100     1536
074 B000100    98000
074 C000100  1038090
074 D000100        0
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100     3818
074 M000100        0
074 N000100  1141444
074 O000100    11517
074 P000100      570
074 Q000100        0
074 R010100      555
074 R020100        0
074 R030100        0
<PAGE>
074 R040100        0
074 S000100        0
074 T000100  1128802
074 U010100   628214
074 U020100   502457
074 V010100     1.00
074 V020100     1.00
074 W000100   0.9983
074 X000100    96071
074 Y000100        0
075 A000100  1759270
075 B000100        0
076  000100     0.00
028 A010200     50318
028 A020200       811
028 A030200         0
028 A040200     47944
028 B010200     49499
028 B020200       833
028 B030200         0
028 B040200     47347
028 C010200     51156
028 C020200       868
028 C030200         0
028 C040200     42488
028 D010200     53613
028 D020200       904
028 D030200         0
028 D040200     46830
028 E010200     41128
028 E020200       888
028 E030200         0
028 E040200     44573
028 F010200     82533
028 F020200       860
028 F030200         0
028 F040200    162796
028 G010200    328247
028 G020200      5164
028 G030200         0
028 G040200    391978
028 H000200         0
029  000200 N
030 A000200      0
030 B000200  0.00
030 C000200  0.00
031 A000200      0
031 B000200      0
032  000200      0
033  000200      0
042 A000200   0
<PAGE>
042 B000200   0
042 C000200 100
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200    237
044  000200    483
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.000
048 A010200      500
048 A020200 8.000
048 B010200      500
048 B020200 7.750
048 C010200      500
048 C020200 7.500
048 D010200        0
048 D020200 7.250
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
049  000200 N
050  000200 N
051  000200 N
052  000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
062 A000200 Y
062 B000200   0.0
062 C000200  48.8
062 D000200  36.0
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200  14.5
<PAGE>
062 J000200   0.0
062 K000200   0.0
062 L000200   0.7
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  14
063 B000200  0.0
064 A000200 Y
064 B000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
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 N
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200         0
071 B000200         0
<PAGE>
071 C000200         0
071 D000200    0
072 A000200  6
072 B000200     6282
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200      871
072 G000200        0
072 H000200        0
072 I000200        0
072 J000200        0
072 K000200        0
072 L000200        0
072 M000200        0
072 N000200        0
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200        0
072 S000200        0
072 T000200      272
072 U000200        0
072 V000200        0
072 W000200       17
072 X000200     1160
072 Y000200      396
072 Z000200     5518
072AA000200        1
072BB000200        0
072CC010200        0
072CC020200        0
072DD010200     3840
072DD020200     1317
072EE000200        0
073 A010200   0.0223
073 A020200   0.0232
073 B000200   0.0000
073 C000200   0.0000
074 A000200      601
074 B000200    58000
074 C000200   102189
074 D000200        0
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200      153
074 L000200      443
<PAGE>
074 M000200        0
074 N000200   161386
074 O000200        0
074 P000200        0
074 Q000200        0
074 R010200       70
074 R020200        0
074 R030200        0
074 R040200        0
074 S000200        0
074 T000200   161316
074 U010200   102739
074 U020200    58858
074 V010200     1.00
074 V020200     1.00
074 W000200   0.9992
074 X000200     6814
074 Y000200        0
075 A000200   228524
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076  000200     0.00
028 A010300     60085
028 A020300       498
028 A030300         0
028 A040300     77008
028 B010300     46934
028 B020300       471
028 B030300         0
028 B040300     61157
028 C010300     49668
028 C020300       479
028 C030300         0
028 C040300     44548
028 D010300     56756
028 D020300       467
028 D030300         0
028 D040300     47821
028 E010300     46398
028 E020300       436
028 E030300         0
028 E040300     43914
028 F010300     42867
028 F020300       447
028 F030300         0
028 F040300    128130
028 G010300    302708
028 G020300      2798
028 G030300         0
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028 H000300         0
029  000300 N
<PAGE>
030 A000300      0
030 B000300  0.00
030 C000300  0.00
031 A000300      0
031 B000300      0
032  000300      0
033  000300      0
042 A000300   0
042 B000300   0
042 C000300 100
042 D000300   0
042 E000300   0
042 F000300   0
042 G000300   0
042 H000300   0
043  000300    217
044  000300    376
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.000
048 A010300      500
048 A020300 8.000
048 B010300      500
048 B020300 7.750
048 C010300      500
048 C020300 7.500
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048 E010300        0
048 E020300 0.000
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048 F020300 0.000
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048 J010300        0
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048 K020300 0.000
049  000300 N
050  000300 N
051  000300 N
052  000300 N
053 A000300 Y
053 B000300 Y
053 C000300 N
062 A000300 Y
<PAGE>
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300 100.0
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   0.0
062 P000300   0.0
062 Q000300   0.0
062 R000300   0.0
063 A000300  71
063 B000300  0.0
064 A000300 Y
064 B000300 N
070 A010300 Y
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 N
070 J020300 N
070 K010300 N
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 N
070 N020300 N
070 O010300 N
070 O020300 N
<PAGE>
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300         0
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071 C000300         0
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<PAGE>
074 E000300        0
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076  000300     0.00
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>               0000759699
<NAME>              Cortland Trust, Inc.
<SERIES>            
<NUMBER>            1
<NAME>              Cortland General Money Market Fund
       
<S>                               <C>    
<FISCAL-YEAR-END>             MAR-31-1998
<PERIOD-START>                APR-01-1997
<PERIOD-END>                  SEP-30-1997
<PERIOD-TYPE>                 6-mos
<INVESTMENTS-AT-COST>         1136090432
<INVESTMENTS-AT-VALUE>        1136090432
<RECEIVABLES>                 3817806
<ASSETS-OTHER>                1536773
<OTHER-ITEMS-ASSETS>          0
<TOTAL-ASSETS>                1141445011
<PAYABLE-FOR-SECURITIES>      11517267
<SENIOR-LONG-TERM-DEBT>       0
<OTHER-ITEMS-LIABILITIES>     1125514
<TOTAL-LIABILITIES>           12642781
<SENIOR-EQUITY>               0
<PAID-IN-CAPITAL-COMMON>      1130670605
<SHARES-COMMON-STOCK>         1130670605
<SHARES-COMMON-PRIOR>         1603107376
<ACCUMULATED-NII-CURRENT>     456197
<OVERDISTRIBUTION-NII>        0
<ACCUMULATED-NET-GAINS>       (2324572)
<OVERDISTRIBUTION-GAINS>      0
<ACCUM-APPREC-OR-DEPREC>      0
<NET-ASSETS>                  1128802230
<DIVIDEND-INCOME>             0
<INTEREST-INCOME>             49762387
<OTHER-INCOME>                0
<EXPENSES-NET>                8349727
<NET-INVESTMENT-INCOME>       41412660
<REALIZED-GAINS-CURRENT>      1408
<APPREC-INCREASE-CURRENT>     0
<NET-CHANGE-FROM-OPS>         41414068
<EQUALIZATION>                0
<DISTRIBUTIONS-OF-INCOME>     40984660
<DISTRIBUTIONS-OF-GAINS>      0
<DISTRIBUTIONS-OTHER>         0
<NUMBER-OF-SHARES-SOLD>       2827725549
<NUMBER-OF-SHARES-REDEEMED>   (3341204829)
<SHARES-REINVESTED>           41042509
<NET-CHANGE-IN-ASSETS>        (472007363)
<ACCUMULATED-NII-PRIOR>       28197
<ACCUMULATED-GAINS-PRIOR>     (2325980)
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