PREMIER MUNICIPAL BOND FUND
NSAR-A, 1995-12-28
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<PAGE>      PAGE  1
000 A000000 10/31/95
000 C000000 0000797923
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 PREMIER MUNICIPAL BOND FUND
001 B000000 811-4764
001 C000000 2129226805
002 A000000 200 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10166
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
012 A000001 FIRST DATA INVESTOR SERVICES GROUP, INC.
012 B000001 84-0000000
012 C010001 PROVIDENCE
012 C020001 RI
012 C030001 02940
012 C040001 9671
018  000000 Y
019 A000000 Y
019 B000000  159
019 C000000 DREYFUSFAM
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020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 SMITH BARNEY INC.
022 B000001 13-1912900
022 C000001     14760
022 D000001     17041
022 A000002 LEHMAN BROTHERS INC.
022 B000002 13-2518466
022 C000002     10965
022 D000002     14356
<PAGE>      PAGE  2
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000003 13-5674085
022 C000003     14991
022 D000003     10182
022 A000004 MORGAN STANLEY & CO. INCORPORATED
022 B000004 13-2655998
022 C000004      9086
022 D000004      7215
022 A000005 STEPHENS INC.
022 B000005 71-0211822
022 C000005     11724
022 D000005      3423
022 A000006 REINOSO AND COMPANY, INCORPORATED
022 B000006 13-3318919
022 C000006     10065
022 D000006      2026
022 A000007 E.A. MOOS & CO. L.P.
022 B000007 22-2994280
022 C000007      1008
022 D000007     10580
022 A000008 GOLDMAN, SACHS & CO.
022 B000008 13-5108880
022 C000008     11430
022 D000008         0
022 A000009 PAINWEBBER INCORPORATED
022 B000009 13-2638166
022 C000009      1488
022 D000009      8526
022 A000010 BEAR, STEARNS & CO. INC.
022 B000010 13-3299429
022 C000010       538
022 D000010      8453
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<PAGE>      PAGE  4
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SIGNATURE   JOHN J. PYBURN                               
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000797923
<NAME> PREMIER MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 1
   <NAME> CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1996
<PERIOD-END>                               OCT-31-1995
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<INVESTMENTS-AT-VALUE>                          597258
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<SHARES-COMMON-STOCK>                            34567
<SHARES-COMMON-PRIOR>                            35756
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (16174)
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<NET-ASSETS>                                    495970
<DIVIDEND-INCOME>                                    0
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<EXPENSES-NET>                                    3067
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            819
<NUMBER-OF-SHARES-REDEEMED>                       2626
<SHARES-REINVESTED>                                618
<NET-CHANGE-IN-ASSETS>                            3682
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<GROSS-EXPENSE>                                   3067
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<PER-SHARE-NAV-BEGIN>                            13.86
<PER-SHARE-NII>                                    .43
<PER-SHARE-GAIN-APPREC>                            .49
<PER-SHARE-DIVIDEND>                             (.43)
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<PER-SHARE-NAV-END>                              14.35
<EXPENSE-RATIO>                                   .009
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000797923
<NAME> PREMIER MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 2
   <NAME> CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1996
<PERIOD-END>                               OCT-31-1995
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<INVESTMENTS-AT-VALUE>                          597258
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<TOTAL-ASSETS>                                  610605
<PAYABLE-FOR-SECURITIES>                          9066
<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                              11896
<SENIOR-EQUITY>                                      0
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<ACCUMULATED-NET-GAINS>                        (16174)
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<NET-ASSETS>                                    102738
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                21025
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<EXPENSES-NET>                                    3067
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<NET-CHANGE-FROM-OPS>                            38627
<EQUALIZATION>                                       0
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<AVERAGE-NET-ASSETS>                            100549
<PER-SHARE-NAV-BEGIN>                            13.86
<PER-SHARE-NII>                                    .39
<PER-SHARE-GAIN-APPREC>                            .49
<PER-SHARE-DIVIDEND>                             (.39)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.35
<EXPENSE-RATIO>                                   .015
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000797923
<NAME> PREMIER MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 3
   <NAME> CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1996
<PERIOD-END>                               OCT-31-1995
<INVESTMENTS-AT-COST>                           555192
<INVESTMENTS-AT-VALUE>                          597258
<RECEIVABLES>                                    13313
<ASSETS-OTHER>                                      34
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  610605
<PAYABLE-FOR-SECURITIES>                          9066
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         2830
<TOTAL-LIABILITIES>                              11896
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        572817
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (16174)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         42066
<NET-ASSETS>                                         1
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                21025
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    3067
<NET-INVESTMENT-INCOME>                          17958 
<REALIZED-GAINS-CURRENT>                          2417
<APPREC-INCREASE-CURRENT>                        18252
<NET-CHANGE-FROM-OPS>                            38627
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                            3682
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<AVERAGE-NET-ASSETS>                                 1
<PER-SHARE-NAV-BEGIN>                            14.28
<PER-SHARE-NII>                                    .23
<PER-SHARE-GAIN-APPREC>                            .07
<PER-SHARE-DIVIDEND>                             (.23)
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<EXPENSE-RATIO>                                   .018
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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