<PAGE> PAGE 1
000 A000000 09/30/97
000 C000000 0000807878
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 COMMONWEALTH CASH RESERVE FUND, INC.
001 B000000 811-4933
001 C000000 6097515220
002 A000000 P.O. BOX 1192
002 B000000 RICHMOND
002 C000000 VA
002 D010000 23209
002 D020000 1192
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 PUBLIC FINANCIAL MANAGEMENT, INC.
008 B000001 A
008 C000001 801-29162
008 D010001 HARRISBURG
008 D020001 PA
008 D030001 17110
010 A000001 PUBLIC FINANCIAL MANAGEMENT, INC.
010 B000001 801-29162
010 C010001 HARRISBURG
010 C020001 PA
010 C030001 17110
011 A000001 COMMONWEALTH FINANCIAL GROUP, INC.
011 B000001 8-45718
011 C010001 CHERRY HILL
011 C020001 NJ
011 C030001 08003
012 A000001 PUBLIC FINANCIAL MANAGEMENT, INC.
012 B000001 85-00000
<PAGE> PAGE 2
012 C010001 HARRISBURG
012 C020001 PA
012 C030001 17110
013 A000001 PRICE WATERHOUSE
013 B010001 PHILADELPHIA
013 B020001 PA
013 B030001 19103
014 A000001 COMMONWEALTH FINANCIAL GROUP, INC.
014 B000001 8-45718
015 A000001 CENTRAL FIDELITY NATIONAL BANK
015 B000001 C
015 C010001 RICHMOND
015 C020001 VA
015 C030001 27602
015 E010001 X
018 000000 Y
019 A000000 N
019 B000000 0
019 C000000 COMMONWEAL
020 A000001 N/A ALL TRADES ARE NET
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 PRUDENTIAL
022 C000001 480683
022 D000001 25317
022 A000002 B A SECURITIES
022 C000002 328707
022 D000002 125000
022 A000003 MERRILL LYNCH
022 C000003 213230
022 D000003 2685
022 A000004 JP MORGAN
022 C000004 43130
022 D000004 60498
022 A000005 HSBC
022 C000005 60845
022 D000005 24565
022 A000006 MORGAN STANLEY
022 C000006 53870
022 D000006 0
022 A000007 PAINE WEBBER
022 C000007 50900
<PAGE> PAGE 3
022 D000007 0
022 A000008 FIRST CHICAGO
022 C000008 31000
022 D000008 8880
022 A000009 BEAR STEARNS
022 C000009 33035
022 D000009 0
022 A000010 LEHMAN
022 C000010 31595
022 D000010 0
023 C000000 1421538
023 D000000 310617
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004
FOR
026 A000000 N
026 B000000 N
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 24920
028 A020000 404
028 A030000 0
028 A040000 53907
028 B010000 28018
028 B020000 458
028 B030000 0
028 B040000 10597
028 C010000 15061
028 C020000 468
028 C030000 0
028 C040000 19990
028 D010000 53309
028 D020000 608
028 D030000 0
028 D040000 11472
028 E010000 9076
028 E020000 661
028 E030000 0
028 E040000 17320
028 F010000 9776
028 F020000 643
028 F030000 0
028 F040000 7065
<PAGE> PAGE 4
028 G010000 140160
028 G020000 3242
028 G030000 0
028 G040000 120351
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 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 13
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 200000
048 A020000 0.120
048 B010000 200000
048 B020000 0.100
048 C010000 200000
048 C020000 0.090
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
<PAGE> PAGE 5
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 600000
048 K020000 0.080
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 Y
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 N
054 I000000 N
054 J000000 N
054 K000000 Y
054 L000000 Y
054 M000000 Y
054 N000000 Y
054 O000000 N
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 0
062 A000000 Y
062 B000000 0.0
062 C000000 54.8
062 D000000 14.4
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 7.0
062 I000000 23.6
062 J000000 0.0
062 K000000 0.0
062 L000000 0.2
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
<PAGE> PAGE 6
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 44
063 B000000 0.0
064 A000000 N
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
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
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 0
071 B000000 0
071 C000000 0
<PAGE> PAGE 7
071 D000000 0
072 A000000 6
072 B000000 3330
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 33
072 G000000 0
072 H000000 0
072 I000000 0
072 J000000 15
072 K000000 0
072 L000000 0
072 M000000 4
072 N000000 6
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 5
072 S000000 8
072 T000000 13
072 U000000 0
072 V000000 0
072 W000000 5
072 X000000 89
072 Y000000 0
072 Z000000 3241
072AA000000 0
072BB000000 0
072CC010000 0
072CC020000 0
072DD010000 3241
072DD020000 0
072EE000000 0
073 A010000 0.0276
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 4
074 B000000 20000
074 C000000 118972
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 0
074 M000000 339
<PAGE> PAGE 8
074 N000000 139315
074 O000000 0
074 P000000 70
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 11
074 S000000 0
074 T000000 139234
074 U010000 139234
074 U020000 0
074 V010000 1.00
074 V020000 0.00
074 W000000 1.0009
074 X000000 11
074 Y000000 0
075 A000000 117655
075 B000000 0
076 000000 0.00
077 A000000 N
078 000000 N
080 C000000 0
081 B000000 0
082 B000000 0
083 B000000 0
084 B000000 0
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 JEFFREY A. LAINE
TITLE PRESIDENT/TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000807878
<NAME> COMMONWEALTH CASH RESERVE FUND, INC.
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-START> APR-01-1997
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 138972
<INVESTMENTS-AT-VALUE> 138972
<RECEIVABLES> 0
<ASSETS-OTHER> 343
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 139315
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 81
<TOTAL-LIABILITIES> 81
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 139234
<SHARES-COMMON-PRIOR> 116183
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 139234
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3330
<OTHER-INCOME> 0
<EXPENSES-NET> 89
<NET-INVESTMENT-INCOME> 3241
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3241
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3241
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 140161
<NUMBER-OF-SHARES-REDEEMED> 120351
<SHARES-REINVESTED> 3241
<NET-CHANGE-IN-ASSETS> 23051
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 100
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 159
<AVERAGE-NET-ASSETS> 117655
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.028
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0.028
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.002
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>