<PAGE> PAGE 1
000 A000000 01/31/95
000 C000000 0000814400
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 PW/KP CALIFORNIA TAX EXEMPT MONEY FUND
001 B000000 811-5168
001 C000000 2127132000
002 A000000 1285 AVENUE OF THE AMERICAS
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10019
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 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000001 A
008 C000001 801-13219
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10019
010 A000001 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
010 B000001 801-13219
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10019
011 A000001 PAINWEBBER INCORPORATED
011 B000001 8-16267
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10019
012 A000001 PNC BANK
012 B000001 84-000000
012 C010001 WILMINGTON
<PAGE> PAGE 2
012 C020001 DE
012 C030001 19809
013 A000001 DELOITTE & TOUCHE
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10281
015 A000001 INVESTORS FIDUCIARY TRUST CO.
015 B000001 C
015 C010001 KANSAS CITY
015 C020001 MO
015 C030001 64105
015 E060001 X
018 000000 Y
019 A000000 Y
019 B000000 64
019 C000000 PAINEWEBBR
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 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001 91840
022 D000001 7400
022 A000002 J.P. MORGAN SECURITIES
022 C000002 44387
022 D000002 22200
022 A000003 MERRILL LYNCH
022 B000003 13-5674085
022 C000003 28100
022 D000003 17695
022 A000004 LEHMAN
022 C000004 38892
022 D000004 1500
022 A000005 CITIBANK
022 C000005 4600
022 D000005 35700
022 A000006 SMITH BARNEY
022 B000006 13-1912900
022 C000006 11600
022 D000006 24630
022 A000007 MORGAN STANLEY & CO.
022 B000007 13-2655998
022 C000007 31200
<PAGE> PAGE 3
022 D000007 1000
022 A000008 FIRST BOSTON
022 B000008 13-5659485
022 C000008 5800
022 D000008 8400
022 A000009 BANKERS TRUST CO.
022 C000009 4000
022 D000009 8700
022 A000010 TAX EXEMPT INTERVAULT TRADE
022 C000010 0
022 D000010 11815
023 C000000 295560
023 D000000 166826
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
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 Y
027 000000 Y
028 A010000 58449
028 A020000 350
028 A030000 0
028 A040000 65597
028 B010000 61565
028 B020000 333
028 B030000 0
028 B040000 64889
028 C010000 58485
028 C020000 333
028 C030000 0
028 C040000 65957
028 D010000 52959
028 D020000 356
028 D030000 0
028 D040000 53887
028 E010000 46684
028 E020000 0
028 E030000 0
<PAGE> PAGE 4
028 E040000 66789
028 F010000 73854
028 F020000 641
028 F030000 0
028 F040000 74004
028 G010000 351996
028 G020000 2013
028 G030000 0
028 G040000 391123
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 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 100
043 000000 102
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.500
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
<PAGE> PAGE 5
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 0
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 97.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
<PAGE> PAGE 6
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 31
063 B000000 0.0
064 A000000 Y
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
<PAGE> PAGE 7
070 R020000 N
071 A000000 0
071 B000000 0
071 C000000 0
071 D000000 0
072 A000000 6
072 B000000 2792
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 426
072 G000000 0
072 H000000 0
072 I000000 21
072 J000000 10
072 K000000 10
072 L000000 10
072 M000000 5
072 N000000 3
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 5
072 S000000 5
072 T000000 102
072 U000000 0
072 V000000 0
072 W000000 16
072 X000000 613
072 Y000000 0
072 Z000000 2179
072AA000000 0
072BB000000 22
072CC010000 0
072CC020000 0
072DD010000 2179
072DD020000 0
072EE000000 0
073 A010000 0.0100
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 2340
074 B000000 0
074 C000000 141683
074 D000000 0
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
<PAGE> PAGE 8
074 J000000 1003
074 K000000 0
074 L000000 934
074 M000000 348
074 N000000 146308
074 O000000 0
074 P000000 79
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 131
074 S000000 0
074 T000000 146098
074 U010000 146109
074 U020000 0
074 V010000 1.00
074 V020000 0.00
074 W000000 0.0000
074 X000000 0
074 Y000000 0
075 A000000 0
075 B000000 168706
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 JULIAN SLUYTERS
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM JANUARY 31,
1995 SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000814400
<NAME> PAINEWEBBER/KIDDER PEABODY CALIFORNIA TAX EXEMPT MONEY FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1995
<PERIOD-START> AUG-01-1994
<PERIOD-END> JAN-31-1995
<INVESTMENTS-AT-COST> 141,683
<INVESTMENTS-AT-VALUE> 141,683
<RECEIVABLES> 1,937
<ASSETS-OTHER> 348
<OTHER-ITEMS-ASSETS> 2,340
<TOTAL-ASSETS> 146,308
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 210
<TOTAL-LIABILITIES> 210
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 146,451
<SHARES-COMMON-STOCK> 146,109
<SHARES-COMMON-PRIOR> 183,223
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (353)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 146,098
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,792
<OTHER-INCOME> 0
<EXPENSES-NET> (613)
<NET-INVESTMENT-INCOME> 2,179
<REALIZED-GAINS-CURRENT> (22)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,157
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,179)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 351,996
<NUMBER-OF-SHARES-REDEEMED> (391,123)
<SHARES-REINVESTED> 2,013
<NET-CHANGE-IN-ASSETS> (36,794)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 426
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 613
<AVERAGE-NET-ASSETS> 168,706
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.01)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
