RODNEY SQUARE STRATEGIC FIXED INCOME FUND
NSAR-B, 1997-12-30
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<PAGE>      PAGE  1
000 B000000 10/31/97
000 C000000 0000793276
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
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
005  000000 N
006  000000 N
007 A000000 Y
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007 C010100  1
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007 C030100 N
007 C010200  2
007 C020200 MUNICIPAL INCOME PORTFOLIO
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007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
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008 D02AA01 DE
008 D03AA01 19890
008 D04AA01 0001
010 A00AA01 RODNEY SQUARE MANAGEMENT CORPORATION
010 B00AA01 801-22071
010 C01AA01 WILMINGTON
010 C02AA01 DE
010 C03AA01 19890
010 C04AA01 0001
011 A00AA01 RODNEY SQUARE DISTRIBUTORS, INC.
<PAGE>      PAGE  2
011 B00AA01 8-37006
011 C01AA01 WILMINGTON
011 C02AA01 DE
011 C03AA01 19890
011 C04AA01 0001
012 A00AA01 RODNEY SQUARE MANAGEMENT CORPORATION
012 B00AA01 85-00761
012 C01AA01 WILMINGTON
012 C02AA01 DE
012 C03AA01 19890
012 C04AA01 0001
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 BALTIMORE
013 B02AA01 MD
013 B03AA01 21201
014 A00AA01 WILMINGTON BROKERAGE SERVICES, INC.
014 B00AA01 8-31441
015 A00AA01 WILMINGTON TRUST COMPANY
015 B00AA01 C
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015 C04AA01 0001
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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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050  000100 N
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052  000100 N
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054 D000100 N
054 E000100 N
054 F000100 N
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<PAGE>      PAGE  8
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070 F020100 N
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070 H020100 N
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070 I020100 N
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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050  000200 N
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<PAGE>      PAGE  12
054 I000200 N
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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SIGNATURE   CARL RIZZO                                   
TITLE       SECRETARY           
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>  0000793276
<NAME> RODNEY SQUARE STRATEGIC FIXED INCOME/DIVERSIFIED PORTFOLIO
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
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<PERIOD-END>                               OCT-31-1997
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>  0000793276
<NAME> RODNEY SQUARE STRATEGIC FIXED INCOME FUND/MUNICIPAL PORTFOLI
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
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<EXPENSE-RATIO>                                    .75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

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