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SIGNATURE ROSEMARY E. MILNER
TITLE VICE PRESIDENT
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<APPREC-INCREASE-CURRENT> 4,861
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<NUMBER-OF-SHARES-SOLD> 147
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</TABLE>
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<NAME> VOYAGEUR INSURED FUNDS, INC.
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<NUMBER> 023
<NAME> DELAWARE-VOYAGEUR TAX-FREE ARIZONA INSURED FUND C
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<PAID-IN-CAPITAL-COMMON> 180,488
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<ACCUMULATED-NII-CURRENT> 6
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<ACCUMULATED-NET-GAINS> (3,628)
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<NET-ASSETS> 675
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<NET-INVESTMENT-INCOME> 9,751
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<NAME> VOYAGEUR INSURED FUNDS, INC.
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<NAME> DELAWARE-VOYAGEUR MINNESOTA INSURED FUND A CLASS
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<S> <C>
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<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 277,613
<INVESTMENTS-AT-VALUE> 299,870
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<TOTAL-LIABILITIES> 5,744
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<PAID-IN-CAPITAL-COMMON> 284,753
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<SHARES-COMMON-PRIOR> 28,773
<ACCUMULATED-NII-CURRENT> 33
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<ACCUMULATED-NET-GAINS> 6,527
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,257
<NET-ASSETS> 288,494
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 17,846
<OTHER-INCOME> 0
<EXPENSES-NET> 2,853
<NET-INVESTMENT-INCOME> 14,993
<REALIZED-GAINS-CURRENT> 1,476
<APPREC-INCREASE-CURRENT> 7,965
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<DISTRIBUTIONS-OF-INCOME> 14,560
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<NUMBER-OF-SHARES-SOLD> 1,511
<NUMBER-OF-SHARES-REDEEMED> 4,895
<SHARES-REINVESTED> 984
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<ACCUMULATED-NII-PRIOR> 61
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<GROSS-EXPENSE> 2,915
<AVERAGE-NET-ASSETS> 290,249
<PER-SHARE-NAV-BEGIN> 10.600
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<NAME> VOYAGEUR INSURED FUNDS, INC.
<SERIES>
<NUMBER> 012
<NAME> DELAWARE-VOYAGEUR MINNESOTA INSURED FUND B CLASS
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<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 277,613
<INVESTMENTS-AT-VALUE> 299,870
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<PAID-IN-CAPITAL-COMMON> 284,753
<SHARES-COMMON-STOCK> 817
<SHARES-COMMON-PRIOR> 644
<ACCUMULATED-NII-CURRENT> 33
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<ACCUMULATED-NET-GAINS> 6,527
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,257
<NET-ASSETS> 8,296
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 17,846
<OTHER-INCOME> 0
<EXPENSES-NET> 2,853
<NET-INVESTMENT-INCOME> 14,993
<REALIZED-GAINS-CURRENT> 1,476
<APPREC-INCREASE-CURRENT> 7,965
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<PER-SHARE-NAV-END> 10.930
<EXPENSE-RATIO> 1.670
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<AVG-DEBT-PER-SHARE> 0
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<SERIES>
<NUMBER> 013
<NAME> DELAWARE-VOYAGEUR MINNESOTA INSURED FUND C CLASS
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<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 277,613
<INVESTMENTS-AT-VALUE> 299,870
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 284,753
<SHARES-COMMON-STOCK> 283
<SHARES-COMMON-PRIOR> 295
<ACCUMULATED-NII-CURRENT> 33
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,527
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,257
<NET-ASSETS> 3,096
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 17,846
<OTHER-INCOME> 0
<EXPENSES-NET> 2,853
<NET-INVESTMENT-INCOME> 14,993
<REALIZED-GAINS-CURRENT> 1,476
<APPREC-INCREASE-CURRENT> 7,965
<NET-CHANGE-FROM-OPS> 24,434
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 135
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 69
<NUMBER-OF-SHARES-REDEEMED> 91
<SHARES-REINVESTED> 11
<NET-CHANGE-IN-ASSETS> 14,305
<ACCUMULATED-NII-PRIOR> 61
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 8,003
<GROSS-ADVISORY-FEES> 1,503
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,915
<AVERAGE-NET-ASSETS> 3,195
<PER-SHARE-NAV-BEGIN> 10.600
<PER-SHARE-NII> .454
<PER-SHARE-GAIN-APPREC> .338
<PER-SHARE-DIVIDEND> .452
<PER-SHARE-DISTRIBUTIONS> .000
<RETURNS-OF-CAPITAL> .000
<PER-SHARE-NAV-END> 10.940
<EXPENSE-RATIO> 1.670
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
Report of Independent Auditors
To the Shareholders and Board of Directors
Voyageur Insured Funds, Inc.
In planning and performing our audit of the financial
statements of Voyageur Insured Funds (the Funds ) for the year
ended December 31, 1997, we considered their internal control,
including control activities 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 internal control.
The management of the Funds is responsible for establishing and
maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit
pertain to the entity s objective of preparing financial
statements for external purposes that are fairly presented in
conformity with generally accepted accounting principles.
Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or
fraud may occur and not be detected. Also, projection of any
evaluation of internal control 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 internal control would not necessarily
disclose all matters in internal control 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 one or more
specific internal control components does not reduce to a
relatively low level the risk that errors or fraud 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
internal control and its operation, including controls for
safeguarding securities, that we consider to be material
weaknesses as defined above at December 31, 1997.
This report is intended solely for the information and use of
the board of directors and management of Voyager Insured Funds
and the Securities and Exchange Commission.
Philadelphia, Pennsylvania
February 16, 1997
