<PAGE> PAGE 1
000 A000000 03/31/96
000 C000000 0000773298
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 RNC LIQUID ASSETS FUND, INC.
001 B000000 811-4354
001 C000000 3104776543
002 A000000 11601 WILSHIRE BLVD. 25TH FLOOR
002 B000000 LOS ANGELES
002 C000000 CA
002 D010000 90025
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
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 A000001 RNC CAPITAL MANAGEMENT COMPANY
008 B000001 A
008 C000001 801-5291
008 D010001 LOS ANGELES
008 D020001 CA
008 D030001 90025
010 A000001 INVESTMENT COMPANY ADMINISTRATION CORP
010 C010001 GLENDORA
010 C020001 CA
010 C030001 91740
011 A000001 FIRST FUND DISTRIBUTORS, INC.
011 B000001 8-42809
011 C010001 PHOENIX
011 C020001 AZ
011 C030001 85018
012 A000001 AMERICAN DATA SERVICES, INC.
012 B000001 84-1111
012 C010001 HUNTINGTON
012 C020001 NY
<PAGE> PAGE 2
012 C030001 11743
013 A000001 TAIT, WELLER & BAKER
013 B010001 PHILADELPHIA
013 B020001 PA
013 B030001 19102
015 A000001 STAR BANK
015 B000001 C
015 C010001 CINCINNATI
015 C020001 OH
015 C030001 45201
015 E010001 X
018 000000 Y
019 A000000 N
019 B000000 0
019 C000000 RNCLIQFUND
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 STEPHENS
022 C000001 1080
022 D000001 0
022 A000002 GX CLARKE
022 B000002 13-2969143
022 C000002 310474
022 D000002 303892
022 A000003 PROVIDENT
022 C000003 4473
022 D000003 4473
022 A000004 DIRECT ISSUES
022 C000004 41305
022 D000004 38314
022 A000005 SVENSKA HANDELSBANKEN
022 C000005 405
022 D000005 405
022 A000006 DEAN WITTER
022 C000006 516
022 D000006 0
022 A000007 SEATTLE
022 C000007 249009
022 D000007 333229
022 A000008 M/L
022 C000008 8680
022 D000008 0
<PAGE> PAGE 3
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 615942
023 D000000 680313
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 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
028 A010000 10456
028 A020000 23
028 A030000 0
028 A040000 6277
028 B010000 5282
028 B020000 24
028 B030000 0
028 B040000 11181
028 C010000 7923
028 C020000 23
028 C030000 0
028 C040000 11712
028 D010000 13012
028 D020000 23
028 D030000 0
028 D040000 6890
028 E010000 11544
028 E020000 23
028 E030000 0
028 E040000 6816
028 F010000 11142
028 F020000 21
028 F030000 0
028 F040000 9308
028 G010000 59359
028 G020000 135
<PAGE> PAGE 4
028 G030000 0
028 G040000 52184
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 N
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.410
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
<PAGE> PAGE 5
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 N
053 C000000 Y
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
058 B000000 N
058 C000000 N
058 D000000 N
058 E000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 1000
062 A000000 Y
062 B000000 0.0
062 C000000 15.9
062 D000000 6.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 73.0
062 J000000 0.0
062 K000000 0.0
062 L000000 5.1
<PAGE> PAGE 6
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 45
063 B000000 0.0
064 A000000 N
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 Y
070 Q020000 N
070 R010000 N
070 R020000 N
<PAGE> PAGE 7
071 A000000 0
071 B000000 0
071 C000000 0
071 D000000 0
072 A000000 6
072 B000000 910
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 45
072 G000000 24
072 H000000 0
072 I000000 5
072 J000000 6
072 K000000 0
072 L000000 0
072 M000000 4
072 N000000 12
072 O000000 0
072 P000000 0
072 Q000000 7
072 R000000 7
072 S000000 42
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 6
072 X000000 158
072 Y000000 0
072 Z000000 753
072AA000000 0
072BB000000 0
072CC010000 0
072CC020000 0
072DD010000 753
072DD020000 0
072EE000000 0
073 A010000 0.0230
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 1
074 B000000 2300
074 C000000 35977
074 D000000 0
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
<PAGE> PAGE 8
074 K000000 0
074 L000000 115
074 M000000 45
074 N000000 38438
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 176
074 S000000 0
074 T000000 38262
074 U010000 38262
074 U020000 0
074 V010000 1.00
074 V020000 0.00
074 W000000 0.9999
074 X000000 121
074 Y000000 0
075 A000000 32526
075 B000000 0
076 000000 0.00
077 A000000 N
080 A000000 RNC LIQUID ASSETS FUND, INC.
080 C000000 400
081 A000000 N
081 B000000 0
082 A000000 Y
082 B000000 50
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 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
SIGNATURE ERIC BANHAZL
TITLE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000773928
<NAME> RNC LIQUID ASSETS FUND
<SERIES>
<NUMBER> 1
<NAME> RNC LIQUID ASSETS FUND INC.
<MULTIPLIER> 1
<CURRENCY> $
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-01-1995
<PERIOD-END> MAR-31-1996
<EXCHANGE-RATE> 1.00000
<INVESTMENTS-AT-COST> 38276534
<INVESTMENTS-AT-VALUE> 38276534
<RECEIVABLES> 115250
<ASSETS-OTHER> 46197
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 38437981
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 176023
<TOTAL-LIABILITIES> 176023
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38261958
<SHARES-COMMON-STOCK> 38261958
<SHARES-COMMON-PRIOR> 31066042
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 38261958
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 910424
<OTHER-INCOME> 0
<EXPENSES-NET> 157819
<NET-INVESTMENT-INCOME> 752605
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 752605
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (752605)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 59244345
<NUMBER-OF-SHARES-REDEEMED> 52185424
<SHARES-REINVESTED> 136995
<NET-CHANGE-IN-ASSETS> 7195916
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 45262
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 157819
<AVERAGE-NET-ASSETS> 32525749
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> .023
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> (.023)
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> .800
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> .000
</TABLE>
