RODNEY SQUARE STRATEGIC FIXED INCOME FUND
NSAR-A, 1996-06-21
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<PAGE>      PAGE  1
000 A000000 04/30/96
000 C000000 0000793276
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
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000 I000000 3.0
000 J000000 A
001 A000000 RODNEY SQUARE STRATEGIC FIXED-INCOME FUND
001 B000000 811-4663
001 C000000 3026518280
002 A000000 RODNEY SQUARE NORTH, 1100 N. MARKET ST.
002 B000000 WILMINGTON
002 C000000 DE
002 D010000 19890
002 D020000 0001
003  000000 N
004  000000 N
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007 A000000 Y
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007 C010600  6
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010 A00AA01 RODNEY SQUARE MANAGEMENT CORPORATION
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010 C04AA01 0001
011 A00AA01 RODNEY SQUARE DISTRIBUTORS, INC.
<PAGE>      PAGE  2
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<PAGE>      PAGE  7
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<PAGE>      PAGE  11
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SIGNATURE   JOHN KELLEY                                  
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000793276
<NAME> RODNEY SQUARE STRATEGIC FIXED-INCOME FUND
<SERIES>
   <NUMBER> 1
   <NAME> DIVERSIFIED INCOME PORTFOLIO
<MULTIPLIER> 1000
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000793276
<NAME> RODNEY SQUARE STRATEGIC FIXED-INCOME FUND
<SERIES>
   <NUMBER> 2
   <NAME> MUNICIPAL INCOME PORTFOLIO
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</TABLE>


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