<PAGE> PAGE 1
000 A000000 01/31/96
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 Y
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 S
008 C000001 801-13219
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10019
008 A000002 PAINEWEBBER INC.
008 B000002 A
008 C000002 801-16267
008 D010002 NEW YORK
008 D020002 NY
008 D030002 10019
010 A000001 PAINEWEBBER INC.
010 B000001 801-16267
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10019
011 A000001 PAINWEBBER INCORPORATED
011 B000001 8-16267
<PAGE> PAGE 2
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10019
012 A000001 PFPC, INC.
012 B000001 84-0000000
012 C010001 WILMINGTON
012 C020001 DE
012 C030001 19809
013 A000001 ERNST & YOUNG LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10019
014 A000001 PAINE WEBBER INCORPORATED
014 B000001 8-16267
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 67
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 MORGAN STANLEY & CO., INC.
022 B000001 13-2655998
022 C000001 82760
022 D000001 12799
022 A000002 LEHMAN BROTHERS SECURITIES INC
022 B000002 13-2518466
022 C000002 46912
022 D000002 18100
022 A000003 GOLDMAN SACHS - UMB
022 B000003 13-5108880
022 C000003 46368
022 D000003 500
022 A000004 SMITH BARNEY SHEARSON
022 B000004 13-1912900
022 C000004 25100
022 D000004 0
<PAGE> PAGE 3
022 A000005 JOHN NUVEEN & CO
022 C000005 3215
022 D000005 6400
022 A000006 ARTEMIS
022 C000006 5289
022 D000006 0
022 A000007 CALLED SECURITY
022 C000007 0
022 D000007 3813
022 A000008 CORPORATE ACTIONS
022 C000008 0
022 D000008 2235
022 A000009 J.P. MORGAN SECURITIES
022 C000009 1700
022 D000009 0
022 A000010 GOLDMAN SACHS
022 C000010 400
022 D000010 0
023 C000000 218344
023 D000000 45155
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 36994
028 A020000 344
028 A030000 0
028 A040000 49082
028 B010000 38056
028 B020000 376
028 B030000 0
028 B040000 49099
028 C010000 31194
028 C020000 294
028 C030000 0
028 C040000 34684
<PAGE> PAGE 4
028 D010000 26508
028 D020000 291
028 D030000 0
028 D040000 34894
028 E010000 12099
028 E020000 0
028 E030000 0
028 E040000 132296
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 144851
028 G020000 1305
028 G030000 0
028 G040000 300055
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 59
044 000000 0
045 000000 Y
046 000000 Y
047 000000 Y
048 000000 0.500
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
<PAGE> PAGE 5
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
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 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 1000
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
<PAGE> PAGE 6
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
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062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
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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 N
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
<PAGE> PAGE 7
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
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072 K000000 6
072 L000000 4
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072 P000000 0
072 Q000000 0
072 R000000 4
072 S000000 5
072 T000000 59
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072 V000000 0
072 W000000 60
072 X000000 407
072 Y000000 0
072 Z000000 1389
072AA000000 0
072BB000000 0
072CC010000 0
072CC020000 0
072DD010000 1389
072DD020000 0
072EE000000 0
073 A010000 0.0073
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 0
<PAGE> PAGE 8
074 C000000 0
074 D000000 0
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 0
074 M000000 0
074 N000000 0
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
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074 T000000 0
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074 U020000 0
074 V010000 0.00
074 V020000 0.00
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074 Y000000 0
075 A000000 136864
075 B000000 0
076 000000 0.00
077 A000000 Y
077 B000000 N
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
<PAGE> PAGE 9
080 C000000 0
081 B000000 0
082 A000000 Y
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 0
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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
<CIK> 0000814400
<NAME> PW/KP CALIFORNIA TAX EXEMPT MONEY FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1996
<PERIOD-START> SEP-01-1995
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1796
<OTHER-INCOME> 0
<EXPENSES-NET> 407
<NET-INVESTMENT-INCOME> 1389
<REALIZED-GAINS-CURRENT> (9)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1380
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1389
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 144851
<NUMBER-OF-SHARES-REDEEMED> 300055
<SHARES-REINVESTED> 1305
<NET-CHANGE-IN-ASSETS> (153891)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 245
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 407
<AVERAGE-NET-ASSETS> 136864
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.01)
<PER-SHARE-DISTRIBUTIONS> (1.00)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> .73
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
For period ending January 31, 1996 Exhibit 77C
File Number 811-5168
PaineWebber/Kidder, Peabody California Tax Exempt Money Fund
A special meeting of shareholders was held on December 4, 1995, at which the
following proposal was approved:
Shares For
as a %
Shares of Total Shares Shares
Voted Outstanding Voted Withhold
For Shares Against Authority
------ ----------- ------- ---------
To vote for or against:
Approval of an Agreement and
Plan of Reorganization and
Termination between PaineWebber
RMA California Municipal Money
Fund, a series of PaineWebber
Managed Municipal Trust,
and PaineWebber/Kidder, Peabody
California Tax Exempt
Money Fund 64,003,446 49.62% 145,576 2,013,528
<PAGE>
<PAGE>
Shares For
as a %
Shares of Total Shares Shares
Voted Shares Voted Withhold
For Voted Against Authority
------ ----------- ------- ---------
To vote for or against
the ratification of the
selection of ERNST & YOUNG
LLP as the Fund's independent
auditors for the fiscal year
ending July 31, 1996 5,460,695 94.06% 22,795 321,821
