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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 10
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<PAGE> PAGE 12
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SIGNATURE CARL RIZZO
TITLE SECRETARY
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE RODNEY SQUARE STRATEGIC FIXED INCOME FUND'S SEMI-ANNUAL REPORT DATED
APRIL 30, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO THE
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</LEGEND>
<CIK> 0000793276
<NAME> RODNEY SQUARE STRETEGIC FIXED INCOME FUNDS
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<NAME> DIVERSIFIED INCOME PORTFOLIO
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<TABLE> <S> <C>
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
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<CIK> 0000793276
<NAME> RODNEY SQUARE STRATEGIC FIXED INCOME FUNDS
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