TOTAL RETURN U S TREASURY FUND INC
NSAR-A, 1995-06-30
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<PAGE>      PAGE  1
000 A000000 04/30/95
000 C000000 0000811160
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 TOTAL RETURN U.S. TREASURY FUND, INC.
001 B000000 811-5040
001 C000000 4107271700
002 A000000 135 E. BALTIMORE STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001   1849441
022 D000001         0
022 A000002 DONALDSON, LUFKIN, JUNRETTE
022 B000002 13-2741729
022 C000002     50572
022 D000002     95219
022 A000003 SAMPLE LYNCH
022 C000003     31417
022 D000003         0
022 A000004 DILLON, READ & CO. INC.
022 B000004 13-2701093
022 C000004      9631
022 D000004     40551
022 A000005 SALOMON BROTHERS INC.
022 B000005 13-3082694
022 C000005     10775
022 D000005         0
022 C000006         0
022 D000006         0
022 C000007         0
022 D000007         0
022 C000008         0
022 D000008         0
022 C000009         0
022 D000009         0
022 C000010         0
022 D000010         0
<PAGE>      PAGE  2
023 C000000    1951836
023 D000000     163491
028 A01AA00      1981
028 A02AA00      1361
028 A03AA00         0
028 A04AA00      7406
028 B01AA00      7128
028 B02AA00      1345
028 B03AA00         0
028 B04AA00     17572
028 C01AA00      2734
028 C02AA00      1299
028 C03AA00         0
028 C04AA00      7465
028 D01AA00      1526
028 D02AA00      1296
028 D03AA00         0
028 D04AA00      5486
028 E01AA00      2284
028 E02AA00      1281
028 E03AA00         0
028 E04AA00      8135
028 F01AA00      1412
028 F02AA00      1274
028 F03AA00         0
028 F04AA00      8004
028 G01AA00     17065
028 G02AA00      7856
028 G03AA00         0
028 G04AA00     54068
028 H00AA00     24921
029  00AA00 Y
030 A00AA00    749
030 B00AA00  4.50
030 C00AA00  0.00
031 A00AA00     23
031 B00AA00      0
032  00AA00    588
033  00AA00    138
042 A00AA00   0
042 B00AA00   0
042 C00AA00 100
042 D00AA00   0
042 E00AA00   0
042 F00AA00   0
042 G00AA00   0
042 H00AA00   0
043  00AA00    451
044  00AA00      0
062 A00AA00 Y
062 B00AA00   5.5
<PAGE>      PAGE  3
062 C00AA00   0.0
062 D00AA00   0.4
062 E00AA00   0.0
062 F00AA00   0.0
062 G00AA00   0.0
062 H00AA00   0.0
062 I00AA00   0.0
062 J00AA00   0.0
062 K00AA00   0.0
062 L00AA00   1.8
062 M00AA00  92.7
062 N00AA00   0.0
062 O00AA00   0.0
062 P00AA00   0.0
062 Q00AA00   0.0
062 R00AA00   0.0
063 A00AA00   0
063 B00AA00 10.9
064 A00AA00 N
071 A00AA00    200088
071 B00AA00    229154
071 C00AA00    187246
071 D00AA00   58
072 A00AA00  6
072 B00AA00    12553
072 C00AA00        0
072 D00AA00        0
072 E00AA00        0
072 F00AA00      500
072 G00AA00      219
072 H00AA00        0
072 I00AA00      107
072 J00AA00       37
072 K00AA00        8
072 L00AA00       22
072 M00AA00       13
072 N00AA00        5
072 O00AA00        0
072 P00AA00        0
072 Q00AA00       47
072 R00AA00       12
072 S00AA00       25
072 T00AA00      451
072 U00AA00        0
072 V00AA00        0
072 W00AA00       18
072 X00AA00     1464
072 Y00AA00        0
072 Z00AA00    11089
072AA00AA00      704
072BB00AA00    11290
<PAGE>      PAGE  4
072CC01AA00    23689
072CC02AA00        0
072DD01AA00    11291
072DD02AA00        0
072EE00AA00     1204
073 A01AA00   0.3180
073 A02AA00   0.0000
073 B00AA00   0.0000
073 C00AA00   0.0000
074 A00AA00        0
074 B00AA00     1489
074 C00AA00    19781
074 D00AA00   331833
074 E00AA00        0
074 F00AA00        0
074 G00AA00        0
074 H00AA00        0
074 I00AA00        0
074 J00AA00        0
074 K00AA00        0
074 L00AA00     7777
074 M00AA00        0
074 N00AA00   360880
074 O00AA00        0
074 P00AA00     2554
074 Q00AA00        0
074 R01AA00        0
074 R02AA00        0
074 R03AA00        0
074 R04AA00      319
074 S00AA00        0
074 T00AA00   358007
074 U01AA00    37595
074 U02AA00        0
074 V01AA00     9.52
074 V02AA00     9.52
074 W00AA00   0.0000
074 X00AA00     3500
074 Y00AA00        0
075 A00AA00        0
075 B00AA00   363793
076  00AA00     0.00
077 A000000 Y
077 Q010000 Y
078  000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00     9000
081 A00AA00 Y
081 B00AA00  13
082 A00AA00 Y
082 B00AA00      100
<PAGE>      PAGE  5
SIGNATURE   EDWARD J. VEILLEUX                           
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000811160
<NAME> TOTAL RETURN U.S. TREASURY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1995
<PERIOD-END>                               APR-30-1995
<INVESTMENTS-AT-COST>                        364137756
<INVESTMENTS-AT-VALUE>                       353103015
<RECEIVABLES>                                  7714887
<ASSETS-OTHER>                                   62541
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               360880443
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      2873680
<TOTAL-LIABILITIES>                            2873680
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     381035071
<SHARES-COMMON-STOCK>                         37595417
<SHARES-COMMON-PRIOR>                         40731597
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (11993567)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    (11034741)
<NET-ASSETS>                                 358006763
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             12552753
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1463606
<NET-INVESTMENT-INCOME>                       11089147
<REALIZED-GAINS-CURRENT>                    (10586401)
<APPREC-INCREASE-CURRENT>                     23688804
<NET-CHANGE-FROM-OPS>                         24191550
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     12496315
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1844528
<NUMBER-OF-SHARES-REDEEMED>                    5830660
<SHARES-REINVESTED>                             849952
<NET-CHANGE-IN-ASSETS>                      (17451226)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       (5746)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           499977
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1463606
<AVERAGE-NET-ASSETS>                         363792971
<PER-SHARE-NAV-BEGIN>                             9.22
<PER-SHARE-NII>                                    .32
<PER-SHARE-GAIN-APPREC>                             .3
<PER-SHARE-DIVIDEND>                               .32
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.52
<EXPENSE-RATIO>                                    .81
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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