VLC TRUST
NSAR-A, 1999-06-29
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<PAGE>      PAGE  1
000 A000000 04/30/99
000 C000000 0000798524
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 VLC TRUST
001 B000000 811-4788
001 C000000 4014211411
002 A000000 ONE REGENCY PLAZA, SUITE ONE
002 B000000 PROVIDENCE
002 C000000 RI
002 D010000 02903
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 OCEAN STATE TAX EXEMPT FUND
007 C030100 N
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
019 B00AA00    0
020 A000001 PORTFOLIO CONSISTS OF MUNICIPAL BONDS ONLY.
020 C000001      0
020 A000002 NO COMMISSIONS PAID.
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 SALOMON SMITH BARNEY
022 C000001       916
022 D000001         0
<PAGE>      PAGE  2
022 A000002 PAINE WEBBER
022 C000002       915
022 D000002         0
022 A000003 BEAR STEARNS
022 C000003       736
022 D000003         0
022 A000004 JANNEY MONTGOMERY SCOTT
022 C000004       531
022 D000004         0
022 A000005 ROOSEVELT & CROSS
022 C000005       200
022 D000005         0
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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063 B00AA00 12.0
066 A00AA00 N
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
076  00AA00     0.00
077 A000000 Y
077 B000000 N
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SIGNATURE   JOSEPH J. HEALY
TITLE       VICE PRESIDENT




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