PREMIER CALIFORNIA MUNICIPAL BOND FUND
NSAR-A, 1995-09-28
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<PAGE>      PAGE  1
000 A000000 07/31/95
000 C000000 0000797925
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001 A000000 PREMIER CALIFORNIA MUNICIPAL BOND FUND
001 B000000 811-4766
001 C000000 2129226805
002 A000000 200 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10166
002 D020000 0144
003  000000 N
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018  000000 Y
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021  000000        0
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001     17900
022 D000001     17900
022 A000002 J.P. MORGAN SECURITIES INC.
022 B000002 13-3224016
022 C000002     25975
022 D000002      7107
022 A000003 PAINEWEBBER INCORPORATED
022 B000003 13-2638166
022 C000003     13461
022 D000003     15564
022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
<PAGE>      PAGE  2
022 B000004 13-5674085
022 C000004      6440
022 D000004     17824
022 A000005 COWEN & COMPANY
022 B000005 13-5616116
022 C000005     11154
022 D000005     11227
022 A000006 HAMBRO RESOURCE DEVELOPMENT INCORPORATED
022 B000006 13-3609023
022 C000006     11000
022 D000006     11000
022 A000007 SMITH MITCHELL INVESTMENT GROUP INC.
022 B000007 13-2627343
022 C000007     12936
022 D000007      8120
022 A000008 PRAGER & COMPANY
022 B000008 94-3057442
022 C000008      7517
022 D000008     12436
022 A000009 MORGAN STANLEY & CO. INCORPORATED
022 B000009 13-2655998
022 C000009      7430
022 D000009     10217
022 A000010 SMITH BARNEY INC.
022 B000010 13-1912900
022 C000010     12539
022 D000010      4963
023 C000000     159210
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<PAGE>      PAGE  4
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<PAGE>      PAGE  6
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SIGNATURE   FREDERICK C. DEY                             
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000797925
<NAME> PREMIER CALIFORNIA MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 1
   <NAME> CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-1996
<PERIOD-END>                               JUL-31-1995
<INVESTMENTS-AT-COST>                           207599
<INVESTMENTS-AT-VALUE>                          211197
<RECEIVABLES>                                     3422
<ASSETS-OTHER>                                      17
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  214636
<PAYABLE-FOR-SECURITIES>                          8122
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          419
<TOTAL-LIABILITIES>                               8541
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        198545
<SHARES-COMMON-STOCK>                            14684
<SHARES-COMMON-PRIOR>                            15678
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           3951
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          3599
<NET-ASSETS>                                    185949
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 6645
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1054
<NET-INVESTMENT-INCOME>                           5591
<REALIZED-GAINS-CURRENT>                          3134
<APPREC-INCREASE-CURRENT>                         4179
<NET-CHANGE-FROM-OPS>                            12904
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         5114
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            276
<NUMBER-OF-SHARES-REDEEMED>                     (1450)
<SHARES-REINVESTED>                                180
<NET-CHANGE-IN-ASSETS>                          (4825)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          818
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              581
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1054
<AVERAGE-NET-ASSETS>                            193069
<PER-SHARE-NAV-BEGIN>                            12.24
<PER-SHARE-NII>                                    .34
<PER-SHARE-GAIN-APPREC>                            .42
<PER-SHARE-DIVIDEND>                             (.34)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.66
<EXPENSE-RATIO>                                    .01
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000797925
<NAME> PREMIER CALIFORNIA MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 2
   <NAME> CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-1996
<PERIOD-END>                               JUL-31-1995
<INVESTMENTS-AT-COST>                           207599
<INVESTMENTS-AT-VALUE>                          211197
<RECEIVABLES>                                     3422
<ASSETS-OTHER>                                      17
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<TOTAL-ASSETS>                                  214636
<PAYABLE-FOR-SECURITIES>                          8122
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          419
<TOTAL-LIABILITIES>                               8541
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        198545
<SHARES-COMMON-STOCK>                             1590
<SHARES-COMMON-PRIOR>                             1550
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           3951
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                     20145
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1054
<NET-INVESTMENT-INCOME>                           5591
<REALIZED-GAINS-CURRENT>                          3134
<APPREC-INCREASE-CURRENT>                         4179
<NET-CHANGE-FROM-OPS>                            12904
<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            114
<NUMBER-OF-SHARES-REDEEMED>                       (98)
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<NET-CHANGE-IN-ASSETS>                          (4825)
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<ACCUMULATED-GAINS-PRIOR>                          818
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<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              581
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1054
<AVERAGE-NET-ASSETS>                             19972
<PER-SHARE-NAV-BEGIN>                            12.25
<PER-SHARE-NII>                                    .30
<PER-SHARE-GAIN-APPREC>                            .42
<PER-SHARE-DIVIDEND>                             (.30)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.67
<EXPENSE-RATIO>                                   .015
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000797925
<NAME> PREMIER CALIFORNIA MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 3
   <NAME> CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-1996
<PERIOD-END>                               JUL-31-1995
<INVESTMENTS-AT-COST>                           207599
<INVESTMENTS-AT-VALUE>                          211197
<RECEIVABLES>                                     3422
<ASSETS-OTHER>                                      17
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  214636
<PAYABLE-FOR-SECURITIES>                          8122
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          419
<TOTAL-LIABILITIES>                               8541
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        198545
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           3951
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          3599
<NET-ASSETS>                                         1
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 6645
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1054
<NET-INVESTMENT-INCOME>                           5591
<REALIZED-GAINS-CURRENT>                          3134
<APPREC-INCREASE-CURRENT>                         4179
<NET-CHANGE-FROM-OPS>                            12904
<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>                          (4825)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          818
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<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              581
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1054
<AVERAGE-NET-ASSETS>                                 1
<PER-SHARE-NAV-BEGIN>                            12.98
<PER-SHARE-NII>                                    .09
<PER-SHARE-GAIN-APPREC>                          (.31)
<PER-SHARE-DIVIDEND>                             (.09)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.67
<EXPENSE-RATIO>                                   .019
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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