<PAGE> PAGE 1
000 A000000 03/31/95
000 C000000 0000811911
000 D000000 N
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000 F000000 Y
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000 J000000 U
001 A000000 TAX-EXEMPT CALIFORNIA MONEY MARKET FUND
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001 C000000 3127811121
002 A000000 120 SOUTH LASALLE STREET
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60603
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008 B000001 A
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008 D010001 CHICAGO
008 D020001 IL
008 D030001 60603
010 A000001 KEMPER DISTRIBUTORS, INC.
010 B000001 8-47765
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011 C010001 CHICAGO
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012 A000001 KEMPER SERVICE COMPANY
012 B000001 84-1713
012 C010001 KANSAS CITY
<PAGE> PAGE 2
012 C020001 IL
012 C030001 64105
013 A000001 ERNST & YOUNG LLP
013 B010001 CHICAGO
013 B020001 IL
013 B030001 60606
014 A000001 KEMPER FINANCIAL SERVICES, INC.
014 B000001 8-15830
014 A000002 KEMPER SECURITIES, INC.
014 B000002 8-37180
014 A000003 KEMPER DISTRIBUTORS, INC.
014 B000003 8-47765
015 A000001 INVESTORS FIDUCIARY TRUST COMPANY
015 B000001 C
015 C010001 KANSAS CITY
015 C020001 MO
015 C030001 64105
015 E010001 X
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015 B000002 S
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015 C020002 MO
015 C030002 64106
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015 B000003 S
015 C010003 BOSTON
015 C020003 MA
015 C030003 02110
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022 D000001 22886
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<PAGE> PAGE 3
022 C000002 20300
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022 C000003 18400
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022 A000005 LEHMAN BROTHERS
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022 C000005 13590
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022 A000006 RAUSCHER PIERCE REFSNES, INC.
022 B000006 75-1828470
022 C000006 15625
022 D000006 0
022 A000007 GOLDMAN, SACHS & CO.
022 B000007 13-5108880
022 C000007 7100
022 D000007 5570
022 A000008 SMITH BARNEY SHEARSON INC.
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022 C000008 6000
022 D000008 4499
022 A000009 BEAR STEARNS COMPANIES, INC.
022 B000009 13-3299429
022 C000009 1000
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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SIGNATURE JEROME L. DUFFY
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE 1995
SEMI-ANNUAL REPORT TO SHAREHOLDERS AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL INFORMATION.
</LEGEND>
<CIK> 0000811911
<NAME> TAX-EXEMPT CALIFORNIA MONEY MARKET FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 95,619
<INVESTMENTS-AT-VALUE> 95,619
<RECEIVABLES> 536
<ASSETS-OTHER> 325
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 96,480
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 274
<TOTAL-LIABILITIES> 274
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 96,206
<SHARES-COMMON-STOCK> 96,206
<SHARES-COMMON-PRIOR> 101,148
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 96,206
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,841
<OTHER-INCOME> 0
<EXPENSES-NET> (369)
<NET-INVESTMENT-INCOME> 1,472
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,472)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 193,692
<NUMBER-OF-SHARES-REDEEMED> (200,066)
<SHARES-REINVESTED> 1,432
<NET-CHANGE-IN-ASSETS> (4,942)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (108)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (369)
<AVERAGE-NET-ASSETS> 98,249
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.02)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .008
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
