PRINCOR TAX EXEMPT BOND FUND INC
NSAR-B, 1994-12-21
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<PAGE>      PAGE  1
000 B000000 10/31/94
000 C000000 780267
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 I000000 3.0.a
000 J000000 U
001 A000000 PRINCOR TAX-EXEMPT BOND FUND, INC.
001 B000000 811-4449
001 C000000 5152475476
002 A000000 THE PRINCIPAL FINANCIAL GROUP
002 B000000 DES MOINES
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013 A000001 ERNST & YOUNG LLP
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013 B030001 50309
014 A000001 PRINCOR FINANCIAL SERVICES CORPORATION
014 B000001 8-01137
014 A000002 PRINCIPAL FINANCIAL SECURITIES, INC.
014 B000002 8-17269
014 A000003 MORGAN STANLEY INCORPORATED & CO.
014 B000003 8-15869
021  000000        0
022 A000001 PROVIDENT
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022 A000002 MERRILL LYNCH MONEY MARKET SECURITIES
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022 A000003 MESIROW FINANCIAL
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022 A000004 MORGAN STANLEY & CO.
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022 C000004      9547
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022 A000005 PAINE WEBBER, INC.
<PAGE>      PAGE  2
022 B000005 13-2638166
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022 A000006 YOUNG CAPITAL GROUP
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022 C000006      2007
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022 A000007 GOLDMAN SACHS CO.
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022 A000008 GREENWICH PARTNERS
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SIGNATURE   ARTHUR S. FILEAN                             
TITLE       V. PRES. & SECRETARY
 


<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1994
<PERIOD-END>                               OCT-31-1994
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<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                          2,315,047
<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-PRIOR>                       14,060,297
<ACCUMULATED-NII-CURRENT>                    1,041,121
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (649,815)
<OVERDISTRIBUTION-GAINS>                             0
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (9,577,733)
<DISTRIBUTIONS-OF-GAINS>                   (2,327,570)
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<NUMBER-OF-SHARES-REDEEMED>                (2,814,941)
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<NET-CHANGE-IN-ASSETS>                     (6,055,114)
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<OVERDISTRIB-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                            12.62
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<PER-SHARE-GAIN-APPREC>                         (1.54)
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<EXPENSE-RATIO>                                    .91
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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