OLDE CUSTODIAN FUND
NSAR-A, 1997-06-16
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<PAGE>      PAGE  1
000 A000000 04/30/97
000 C000000 0000819467
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 OLDE CUSTODIAN FUND
001 B000000 811-5256
001 C000000 3139616666
002 A000000 751 GRISWOLD
002 B000000 DETROIT
002 C000000 MI
002 D010000 48226
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C010200  2
007 C010300  3
007 C020300 OLDE MONEY MARKET SERIES
007 C030300 N
007 C010400  4
007 C020400 OLDE PREMIUM MONEY MARKET SERIES
007 C030400 N
007 C010500  5
007 C020500 OLDE PREMIUM PLUS MONEY MARKET SERIES
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007 C010600  6
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<PAGE>      PAGE  2
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008 A00AA01 OLDE ASSET MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-28433
008 D01AA01 DETROIT
<PAGE>      PAGE  3
008 D02AA01 MI
008 D03AA01 48226
011 A00AA01 OLDE DISCOUNT CORPORATION
011 B00AA01 8-16752
011 C01AA01 DETROIT
011 C02AA01 MI
011 C03AA01 48226
012 A00AA01 OLDE DISCOUNT CORPORATION
012 B00AA01 84-1968
012 C01AA01 DETROIT
012 C02AA01 MI
012 C03AA01 48226
013 A00AA01 ERNST & YOUNG
013 B01AA01 DETROIT
013 B02AA01 MI
013 B03AA01 48226
014 A00AA01 OLDE DISCOUNT CORPORATION
014 B00AA01 8-16752
015 A00AA01 THE BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10286
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
070 Q02AA00 N
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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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054 C000300 N
054 D000300 N
054 E000300 N
054 F000300 N
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
054 E000400 N
054 F000400 N
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054 I000400 N
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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028 E040600         0
028 F010600         0
028 F020600         0
028 F030600         0
028 F040600         0
028 G010600         0
028 G020600         0
028 G030600         0
028 G040600         0
028 H000600         0
SIGNATURE   LISA S FILDES                                
TITLE       PRESIDENT           
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 003
   <NAME> OLDE MONEY MARKET SERIES
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                           378488
<INVESTMENTS-AT-VALUE>                          378488
<RECEIVABLES>                                     2631
<ASSETS-OTHER>                                      75
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  381194
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          524
<TOTAL-LIABILITIES>                                524
<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>                                    380670
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                10912
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1895
<NET-INVESTMENT-INCOME>                           9017
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                             9017
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         9017
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         813688
<NUMBER-OF-SHARES-REDEEMED>                     814706
<SHARES-REINVESTED>                               8541
<NET-CHANGE-IN-ASSETS>                            7523
<ACCUMULATED-NII-PRIOR>                            321
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              979
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1895
<AVERAGE-NET-ASSETS>                            394829
<PER-SHARE-NAV-BEGIN>                                1
<PER-SHARE-NII>                                  0.023
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.023)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  1
<EXPENSE-RATIO>                                   0.97
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 004
   <NAME> OLDE PREMIUM MONEY MARKET
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                           254315
<INVESTMENTS-AT-VALUE>                          254315
<RECEIVABLES>                                     1656 
<ASSETS-OTHER>                                      55
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  256026
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          473
<TOTAL-LIABILITIES>                                473
<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>                                    255553
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 6928
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     792 
<NET-INVESTMENT-INCOME>                           6136
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                             6136 
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         6136
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         394725
<NUMBER-OF-SHARES-REDEEMED>                     378955
<SHARES-REINVESTED>                               5821
<NET-CHANGE-IN-ASSETS>                           21591
<ACCUMULATED-NII-PRIOR>                            216
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              372
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    792
<AVERAGE-NET-ASSETS>                            250275
<PER-SHARE-NAV-BEGIN>                                1
<PER-SHARE-NII>                                  0.025
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.025)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  1
<EXPENSE-RATIO>                                   0.64
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 005
   <NAME> OLDE PREMIUM PLUS MONEY MARKET
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                          1953493
<INVESTMENTS-AT-VALUE>                         1953493
<RECEIVABLES>                                    13170
<ASSETS-OTHER>                                     208
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1966871
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         2194
<TOTAL-LIABILITIES>                               2194
<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>                                   1964677
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                53639
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     649
<NET-INVESTMENT-INCOME>                          52990
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                            52990
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        52990
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1886989
<NUMBER-OF-SHARES-REDEEMED>                    1799244
<SHARES-REINVESTED>                              51452
<NET-CHANGE-IN-ASSETS>                          139197
<ACCUMULATED-NII-PRIOR>                           1927
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   2542
<AVERAGE-NET-ASSETS>                           1940877
<PER-SHARE-NAV-BEGIN>                                1
<PER-SHARE-NII>                                  0.027
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.027)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  1
<EXPENSE-RATIO>                                   0.07
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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