RODNEY SQUARE STRATEGIC FIXED INCOME FUND
NSAR-A, 1998-06-24
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<PAGE>      PAGE  1
000 A000000 04/30/98
000 C000000 0000793276
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 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
007 B000000  2
007 C010100  1
007 C020100 DIVERSIFIED INCOME PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 MUNICIPAL INCOME PORTFOLIO
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 WILMINGTON TRUST COMPANY
008 B00AA01 A
008 C00AA01 801-xxx
008 D01AA01 WILMINGTON
008 D02AA01 DE
008 D03AA01 19890
008 D04AA01 0001
010 A00AA01 PFPC INC.
010 B00AA01 85-1196
010 C01AA01 WILMINGTON
010 C02AA01 DE
010 C03AA01 19809
011 A00AA01 RODNEY SQUARE DISTRIBUTORS, INC.
011 B00AA01 8-37006
<PAGE>      PAGE  2
011 C01AA01 WILMINGTON
011 C02AA01 DE
011 C03AA01 19890
011 C04AA01 0001
012 A00AA01 PFPC INC.
012 B00AA01 85-1196
012 C01AA01 WILMINGTON
012 C02AA01 DE
012 C03AA01 19809
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
015 C01AA01 WILMINGTON
015 C02AA01 DE
015 C03AA01 19890
015 C04AA01 0001
015 E03AA01 X
015 A00AA02 PNC BANK INC.
015 B00AA02 S
015 C01AA02 PHILADELPHIA
015 C02AA02 PA
015 C03AA02 19103
015 E01AA02 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    6
019 C00AA00 RODNEYSQUA
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022 A000001 FIRST CHICAGO CAPITAL MARKETS
022 B000001 36-3595942
022 C000001     92961
022 D000001         0
022 A000002 DEUTSCHE BANK CAPITAL CORP.
022 B000002 13-2730828
022 C000002     23267
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<PAGE>      PAGE  3
022 A000003 SOCIETE GENERALE SECURITIES CORP.
022 B000003 13-1976032
022 C000003     10258
022 D000003         0
022 A000004 WESTDEUTSCHE LANDESBANK
022 C000004      7275
022 D000004         0
022 A000005 SANWA-BGK SECURITIES CO.
022 B000005 13-3046258
022 C000005      5191
022 D000005         0
022 A000006 AMERICAN EXPRESS CREDIT CORP.
022 C000006      5016
022 D000006         0
022 A000007 LEHMAN BROTHERS INC.
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022 C000007      3702
022 D000007       325
022 A000008 PNC BANK
022 B000008 23-6200005
022 C000008      1862
022 D000008      1750
022 A000009 MITSUBISHI SECURITIES (USA) INC.
022 C000009      3537
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022 A000010 BEAR STEARNS & CO.
022 B000010 13-3299429
022 C000010      1364
022 D000010      1541
023 C000000     168910
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024  000100 Y
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025 C000101 D
025 D000101     915
025 A000102 BEAR STEARNS & CO INC.
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025 C000102 D
025 D000102     402
025 A000103 SMITH BARNEY SHEARSON INC.
025 B000103 13-1912900
025 C000103 D
025 D000103     568
025 A000104 MORGAN STANLEY GROUP, INC.
025 B000104 13-2655998
025 C000104 D
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025 A000105 ASSOCIATES CORP.
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
054 A000100 Y
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062 A000100 Y
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<PAGE>      PAGE  8
070 H010100 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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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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SIGNATURE   CARL RIZZO                                   
TITLE       SECRETARY           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000793276
<NAME> RODNEY SQUARE STRATEGIC FIXED INCOME FUND
<SERIES>
   <NUMBER> 01
   <NAME> DIVERSIFIED INCOME PORTFOLIO
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000793276
<NAME> RODNEY SQUARE STRATEGIC FIXED INCOME FUND
<SERIES>
   <NUMBER> 02
   <NAME> MUNICIPAL INCOME PORTFOLIO
       
<S>                             <C>
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<PERIOD-END>                               APR-30-1998
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</TABLE>


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