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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 14
SIGNATURE PAUL SCHUBERT
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> PAINEWEBBER MUNICIPAL SERIES
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000080991
<NAME> PAINEWEBBER MUNICIPAL SERIES
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000080991
<NAME> PAINEWEBBER MUNICIPAL SERIES
<SERIES>
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<NAME> NEW YORK TAX FREE INCOME FUND- CLASS B
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000080991
<NAME> PAINEWEBBER MUNICIPAL SERIES
<SERIES>
<NUMBER> 2
<NAME> NEW YORK TAX FREE INCOME FUND- CLASS C
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000080991
<NAME> PAINEWEBBER MUNICIPAL SERIES
<SERIES>
<NUMBER> 2
<NAME> NEW YORK TAX FREE INCOME FUND- CLASS Y
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</TABLE>
