<PAGE> PAGE 1
000 B000000 06/30/96
000 C000000 795927
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 VAN KAMPEN AMERICAN CAPITAL TAX FREE MONEY FU
001 B000000 811-4718
001 C000000 6306846000
002 A000000 ONE PARKVIEW PLAZA
002 B000000 OAKBROOK TERRACE
002 C000000 IL
002 D010000 60181
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
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 A000001 VAN KAMPEN AMERICAN CAPITAL INVESTMENT ADVISO
008 B000001 A
008 C000001 801-18161
008 D010001 OAKBROOK TERRACE
008 D020001 IL
008 D030001 60181
011 A000001 VAN KAMPEN AMERICAN CAPITAL DISTRIBUTORS INC.
011 B000001 8-19412
011 C010001 OAKBROOK TERRACE
011 C020001 IL
011 C030001 60181
012 A000001 ACCESS INVESTOR SERVICES, INC.
012 B000001 85-5003
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64141
012 C040001 9256
013 A000001 KPMG PEAT MARWICK LLP
013 B010001 CHICAGO
<PAGE> PAGE 2
013 B020001 IL
013 B030001 60601
014 A000001 DELETE
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02105
015 E010001 X
015 A000002 BANKERS TRUST COMPANY
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10015
015 E010002 X
015 A000003 CHEMICAL BANK
015 B000003 S
015 C010003 NEW YORK
015 C020003 NY
015 C030003 10172
015 E010003 X
015 A000004 THE BANK OF NEW YORK
015 B000004 S
015 C010004 NEW YORK
015 C020004 NY
015 C030004 10286
015 E010004 X
015 A000005 MORGAN GUARANTY TRUST COMPANY
015 B000005 S
015 C010005 NEW YORK
015 C020005 NY
015 C030005 10015
015 E010005 X
018 000000 Y
019 A000000 Y
019 B000000 104
019 C000000 VANKAMPENA
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
022 A000001 LEHMAN BROTHERS
022 B000001 13-2518466
022 C000001 40257
<PAGE> PAGE 3
022 D000001 28350
022 A000002 MERRILL LYNCH
022 B000002 13-5674085
022 C000002 36079
022 D000002 18000
022 A000003 CHEMICAL SECURITIES
022 B000003 13-3379014
022 C000003 15900
022 D000003 14800
022 A000004 PAINE WEBBER
022 B000004 13-2638166
022 C000004 13250
022 D000004 12150
022 A000005 FIRST ALBANY
022 B000005 14-1391446
022 C000005 4900
022 D000005 6500
022 A000006 J.P. MORGAN
022 B000006 13-3224016
022 C000006 6000
022 D000006 2700
022 A000007 GRIGSBY BRANDFORD
022 B000007 94-2856938
022 C000007 4005
022 D000007 0
022 A000008 STATE STREET BANK & TRUST
022 B000008 04-1867445
022 C000008 1510
022 D000008 0
022 A000009 PIPER JAFFRAY
022 B000009 41-0953246
022 C000009 500
022 D000009 1000
022 A000010 WILLIAM BLAIR CO.
022 B000010 36-2214610
022 C000010 1100
022 D000010 0
023 C000000 128425
023 D000000 85107
024 000000 N
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 7614
<PAGE> PAGE 4
028 A020000 55
028 A030000 0
028 A040000 12972
028 B010000 11524
028 B020000 54
028 B030000 0
028 B040000 5397
028 C010000 7563
028 C020000 65
028 C030000 0
028 C040000 9676
028 D010000 8097
028 D020000 70
028 D030000 0
028 D040000 7220
028 E010000 6453
028 E020000 67
028 E030000 0
028 E040000 9383
028 F010000 6203
028 F020000 61
028 F030000 0
028 F040000 6559
028 G010000 47454
028 G020000 372
028 G030000 0
028 G040000 51207
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 100
042 E000000 0
042 F000000 0
042 G000000 0
<PAGE> PAGE 5
042 H000000 0
043 000000 71
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 500000
048 A020000 0.500
048 B010000 500000
048 B020000 0.475
048 C010000 500000
048 C020000 0.425
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 1500000
048 K020000 0.375
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 N
053 C000000 Y
054 A000000 Y
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 N
054 I000000 Y
054 J000000 N
054 K000000 N
054 L000000 N
054 M000000 N
054 N000000 N
054 O000000 N
<PAGE> PAGE 6
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 1000
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 99.7
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 43
063 B000000 0.0
064 A000000 Y
064 B000000 N
065 000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 N
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
<PAGE> PAGE 7
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 128425
071 B000000 126878
071 C000000 35405
071 D000000 358
072 A000000 6
072 B000000 1319
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 176
072 G000000 0
072 H000000 0
072 I000000 77
072 J000000 19
072 K000000 0
072 L000000 41
072 M000000 37
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 22
072 S000000 12
072 T000000 88
072 U000000 0
072 V000000 0
072 W000000 66
072 X000000 538
072 Y000000 238
<PAGE> PAGE 8
072 Z000000 1019
072AA000000 0
072BB000000 0
072CC010000 0
072CC020000 0
072DD010000 1019
072DD020000 0
072EE000000 0
073 A010000 0.029
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 46
074 B000000 0
074 C000000 35541
074 D000000 0
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 251
074 M000000 6
074 N000000 35844
074 O000000 0
074 P000000 47
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 164
074 S000000 0
074 T000000 35633
074 U010000 35657
074 U020000 0
074 V010000 1.00
074 V020000 0.00
074 W000000 .9993
074 X000000 1939
074 Y000000 0
075 A000000 35257
075 B000000 0
076 000000 0.00
077 A000000 Y
077 C000000 Y
077 Q010000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000 65000
081 A000000 Y
<PAGE> PAGE 9
081 B000000 111
082 A000000 Y
082 B000000 100
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE DENNIS J MCDONNELL
TITLE PRES, CEO & TRUSTEE
The Board of Trustees and Shareholders of
Van Kampen American Capital Tax Free Money Fund:
In planning and performing our audit of the financial statements of Van Kampen
American Capital Tax Free Money Fund (the "Fund") for the year ended June 30,
1996, we considered its internal control structure, including procedures for
safeguarding securities, in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and to comply with
the requirements of Form N-SAR, not to provide assurance on the internal control
structure.
The management of the Fund is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and
related costs of internal control structure policies and procedures.
Two of the objectives of an internal control structure are to provide management
with reasonable, but not absolute, assurance that assets are safeguarded against
loss from unauthorized use or disposition and that transactions are executed in
accordance with management's authorization and recorded properly to permit the
preparation of financial statements in accordance with generally accepted
accounting principles.
Because of inherent limitations in any system of internal control structure,
errors or irregularities may occur and not be detected. Also, projection of
any evaluation of the structure to future periods is subject to the risk that
it may become inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce
to a relatively low level the risk that errors or irregularities in amounts
that would be material in relation to the financial statements being audited
may occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for
safeguarding securities, that we consider to be material weaknesses as defined
above as of June 30, 1996.
This report is intended solely for the information and use of management and
the Securities and Exchange Commission.
/s/ KPMG Peat Marwick LLP
July 30, 1996
<TABLE> <S> <C>
<ARTICLE> 6
<MULTIPLIER> 1
<CAPTION>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 35540550
<INVESTMENTS-AT-VALUE> 35540550
<RECEIVABLES> 250913
<ASSETS-OTHER> 5993
<OTHER-ITEMS-ASSETS> 46478
<TOTAL-ASSETS> 35843934
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 211057
<TOTAL-LIABILITIES> 211057
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35657455
<SHARES-COMMON-STOCK> 35657455
<SHARES-COMMON-PRIOR> 33199618
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (24578)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 35632877
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1318881
<OTHER-INCOME> 0
<EXPENSES-NET> (299482)
<NET-INVESTMENT-INCOME> 1019399
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1019399
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1019399)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 67200916
<NUMBER-OF-SHARES-REDEEMED> (65505643)
<SHARES-REINVESTED> 762564
<NET-CHANGE-IN-ASSETS> 2457837
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (24578)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 176240
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 538230
<AVERAGE-NET-ASSETS> 35256832
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .029
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.029)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
