HSBC FUNDS TRUST
NSAR-A, 1998-08-25
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<PAGE>      PAGE  1
000 A000000 06/30/98
000 C000000 0000781905
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 HSBC FUNDS TRUST
001 B000000 811-4453
001 C000000 8006342536
002 A000000 3435 STELZER ROAD
002 B000000 COLUMBUS
002 C000000 OH
002 D010000 43219
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
007 C010100  1
007 C020100 CASH MANAGEMENT FUND
007 C030100 N
007 C010200  2
007 C020200 GOVERNMENT MONEY MARKET FUND
007 C030200 N
007 C010300  3
007 C020300 U.S. TREASURY MONEY MARKET FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C020500 NEW YORK TAX-FREE MONEY MARKET FUND
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
008 A00AA01 HSBC ASSET MANAGEMENT AMERICAS INC
<PAGE>      PAGE  2
008 B00AA01 A
008 C00AA01 801-25999
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10177
010 A00AA01 BISYS FUND SERVICES
010 B00AA01 8-34626
010 C01AA01 COLUMBUS
010 C02AA01 OH
010 C03AA01 43219
010 A00AA02 HSBC ASSET MANAGEMENT AMERICAS, INC.
010 C01AA02 NEW YORK
010 C02AA02 NY
010 C03AA02 10177
011 A00AA01 BISYS FUND SERVICES
011 B00AA01 8-34626
011 C01AA01 COLUMBUS
011 C02AA01 OH
011 C03AA01 43219
012 A00AA01 BISYS FUND SERVICES
012 B00AA01 85-00000
012 C01AA01 COLUMBUS
012 C02AA01 OH
012 C03AA01 43219
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
014 A00AA01 MARINE MIDLAND SECURITIES, INC.
014 B00AA01 8-34626
015 A00AA01 BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10286
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    8
019 C00AA00 HSBCMUTUAL
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
<PAGE>      PAGE  3
022 A000001 CHASE SECURITIES INC.
022 B000001 36-2669970
022 C000001   3448641
022 D000001     22400
022 A000002 DONALDSON, LUFKIN & JEANRETTE SECURITIES
022 B000002 13-2741729
022 C000002    627611
022 D000002       598
022 A000003 MERRILL LYNCH & CO., INC.
022 B000003 13-5674085
022 C000003    217850
022 D000003     12768
022 A000004 LEHMAN BROTHERS, INC.
022 B000004 13-2518466
022 C000004    160446
022 D000004     19335
022 A000005 PRUDENTIAL SECURITIES, INC.
022 B000005 22-2347336
022 C000005     78749
022 D000005     22488
022 A000006 FIRST BOSTON CORP.
022 B000006 13-5659485
022 C000006     84383
022 D000006         0
022 A000007 UBS SECURITIES
022 B000007 13-2932996
022 C000007     43053
022 D000007     27512
022 A000008 TEMPORARY INVESTMENT FUND
022 C000008     24452
022 D000008     27450
022 A000009 GOLDMAN, SACHS & CO.
022 B000009 13-5108880
022 C000009     44758
022 D000009      5059
022 A000010 BANK OF NEW YORK
022 B000010 13-5160385
022 C000010     19607
022 D000010     23198
023 C000000    5048605
023 D000000     235790
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
<PAGE>      PAGE  4
029  00AA00 N
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030 B00AA00  0.00
030 C00AA00  0.00
031 A00AA00      0
031 B00AA00      0
032  00AA00      0
033  00AA00      0
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 Y
041  00AA00 Y
045  00AA00 Y
046  00AA00 N
047  00AA00 Y
048  00AA00  0.000
048 A01AA00   500000
048 A02AA00 0.350
048 B01AA00   500000
048 B02AA00 0.315
048 C01AA00   500000
048 C02AA00 0.280
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048 E02AA00 0.000
048 F01AA00        0
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048 J01AA00        0
048 J02AA00 0.000
048 K01AA00  1500000
048 K02AA00 0.245
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
<PAGE>      PAGE  5
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 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
080 C00AA00        0
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024  000100 N
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025 A000103 DELETE
<PAGE>      PAGE  6
025 D000103       0
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042 E000100   0
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043  000100     75
044  000100      0
049  000100 N
050  000100 N
051  000100 N
052  000100 N
<PAGE>      PAGE  7
053 A000100 Y
053 B000100 Y
053 C000100 N
055 A000100 N
055 B000100 N
056  000100 Y
057  000100 N
058 A000100 N
059  000100 Y
060 A000100 Y
060 B000100 Y
061  000100     1000
062 A000100 Y
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062 C000100   0.0
062 D000100  23.3
062 E000100   0.0
062 F000100  21.6
062 G000100   0.0
062 H000100   0.0
062 I000100  30.5
062 J000100   0.0
062 K000100   0.0
062 L000100  24.2
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100  49
063 B000100  0.0
064 A000100 Y
064 B000100 N
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 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
<PAGE>      PAGE  8
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 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
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
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<PAGE>      PAGE  9
072 X000100      825
072 Y000100      190
072 Z000100     4990
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072CC020100        0
072DD010100     4990
072DD020100        0
072EE000100        0
073 A010100   0.0250
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100        1
074 B000100    46410
074 C000100   152311
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     1825
074 M000100       15
074 N000100   200562
074 O000100        0
074 P000100       82
074 Q000100        0
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074 R020100        0
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074 R040100      900
074 S000100        0
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074 W000100   0.9997
074 X000100     1767
074 Y000100        0
075 A000100   197173
075 B000100        0
076  000100     0.00
024  000200 N
025 A000201 DELETE
025 D000201       0
025 A000202 DELETE
<PAGE>      PAGE  10
025 D000202       0
025 A000203 DELETE
025 D000203       0
025 D000204       0
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025 D000206       0
025 D000207       0
025 D000208       0
028 A010200     15371
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028 B010200     19180
028 B020200       150
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028 C010200     12708
028 C020200       105
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028 D020200        72
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028 E020200        66
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028 G020200       586
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042 C000200   0
042 D000200 100
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200     16
044  000200      0
049  000200 N
050  000200 N
051  000200 N
052  000200 N
<PAGE>      PAGE  11
053 A000200 Y
053 B000200 Y
053 C000200 N
055 A000200 Y
055 B000200 N
056  000200 Y
057  000200 N
058 A000200 N
059  000200 Y
060 A000200 Y
060 B000200 Y
061  000200     1000
062 A000200 Y
062 B000200   0.0
062 C000200  62.5
062 D000200  43.0
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
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062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200  48
063 B000200  0.0
064 A000200 N
064 B000200 N
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 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
<PAGE>      PAGE  12
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 Y
070 K020200 Y
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200         0
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<PAGE>      PAGE  13
072 X000200      283
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072DD010200     1738
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073 A010200   0.0250
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074 C000200    56503
074 D000200        0
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025 A000301 DELETE
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025 A000302 DELETE
<PAGE>      PAGE  14
025 D000302       0
025 A000303 DELETE
025 D000303       0
025 A000304 DELETE
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043  000300      4
044  000300      0
049  000300 N
<PAGE>      PAGE  15
050  000300 N
051  000300 N
052  000300 N
053 A000300 Y
053 B000300 Y
053 C000300 N
055 A000300 N
055 B000300 N
056  000300 Y
057  000300 N
058 A000300 N
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060 A000300 Y
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064 A000300 N
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066 A000300 N
067  000300 N
068 A000300 N
068 B000300 N
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070 A010300 Y
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070 D020300 N
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<PAGE>      PAGE  16
070 E020300 N
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070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 N
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070 K010300 Y
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070 N020300 N
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<PAGE>      PAGE  17
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024  000500 N
<PAGE>      PAGE  18
025 A000501 DELETE
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<PAGE>      PAGE  19
051  000500 N
052  000500 N
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062 L000500   0.0
062 M000500   0.0
062 N000500   0.0
062 O000500   0.0
062 P000500   0.0
062 Q000500   0.0
062 R000500   8.5
063 A000500  31
063 B000500  0.0
064 A000500 Y
064 B000500 N
066 A000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
<PAGE>      PAGE  20
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 Y
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500         0
071 B000500         0
071 C000500         0
071 D000500    0
072 A000500  6
072 B000500     1332
072 C000500       75
072 D000500        0
072 E000500        0
072 F000500      138
072 G000500       59
072 H000500        0
072 I000500       26
072 J000500        8
072 K000500        0
072 L000500        0
072 M000500        0
072 N000500        0
072 O000500        0
072 P000500        0
072 Q000500        3
072 R000500        0
072 S000500       24
072 T000500       32
072 U000500        0
<PAGE>      PAGE  21
072 V000500        0
072 W000500       49
072 X000500      339
072 Y000500       87
072 Z000500     1155
072AA000500        0
072BB000500        1
072CC010500        0
072CC020500        0
072DD010500     1155
072DD020500        0
072EE000500        0
073 A010500   0.0150
073 A020500   0.0000
073 B000500   0.0000
073 C000500   0.0000
074 A000500        0
074 B000500        0
074 C000500    78497
074 D000500        0
074 E000500        0
074 F000500        0
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500        0
074 K000500        0
074 L000500      540
074 M000500        7
074 N000500    79044
074 O000500        0
074 P000500       44
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500      504
074 S000500        0
074 T000500    78496
074 U010500    78505
074 U020500        0
074 V010500     1.00
074 V020500     0.00
074 W000500   0.9999
074 X000500      361
074 Y000500        0
075 A000500    79540
075 B000500        0
076  000500     0.00
SIGNATURE   WALLACE LAU                                  
TITLE       FINANCIAL ANALYST   
 


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<CIK> 0000781905
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</TABLE>

<TABLE> <S> <C>

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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000781905
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   <NAME> U.S. TREASURY MONEY MARKET FUND
       
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000781905
<NAME> HSBC FUNDS TRUST
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   <NUMBER> 050
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