<PAGE> PAGE 1
000 B000000 04/30/94
000 C000000 763749
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 VOYAGEUR MUTUAL FUNDS III
001 B000000 811-4547
001 C000000 6123767129
002 A000000 90 SOUTH SEVENTH STREET #4400
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55402
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 VOYAGEUR GROWTH STOCK FUND
007 C030100 N
007 C010200 2
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 VOYAGEUR FUND MANAGERS
008 B00AA01 A
008 C00AA01 801-20432
008 D01AA01 MINNEAPOLIS
008 D02AA01 MN
008 D03AA01 55402
010 A00AA01 VOYAGEUR FUND DISTRIBUTERS
010 B00AA01 8-37934
010 C01AA01 MINNEAPOLIS
010 C02AA01 MN
010 C03AA01 55402
011 A00AA01 VOYAGEUR FUND DISTRIBUTERS
011 B00AA01 8-37934
011 C01AA01 MINNEAPOLIS
011 C02AA01 MN
011 C03AA01 55402
012 A00AA01 VOYAGEUR FUND MANAGERS
<PAGE> PAGE 2
012 B00AA01 84-01744
012 C01AA01 MINNEAPOLIS
012 C02AA01 MN
012 C03AA01 55402
013 A00AA01 KPMG PEAT MARWICK
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
014 A00AA01 DOUGHERTY DAWKINS STRAND & BIGELOW
014 B00AA01 8-21885
015 A00AA01 NORWEST BANK, N.A.
015 B00AA01 C
015 C01AA01 MINNEAPOLIS
015 C02AA01 MN
015 C03AA01 55402
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 28
019 C00AA00 VOYAGEURFU
020 A000001 PIPER JAFFRAY & HOPWOOD
020 B000001 41-0953246
020 C000001 9
