<PAGE> PAGE 1
000 A000000 12/31/94
000 C000000 819799
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 VOYAGEUR FUNDS, INC.
001 B000000 811-5267
001 C000000 6123767129
002 A000000 90 SOUTH SEVENTH STREET
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55402
002 D020000 4115
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 VOYAGEUR U.S. GOVERNMENT SECURITIES FUND
007 C030100 N
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
010 A00AA01 VOYAGEUR FUND DISTRIBUTORS
010 B00AA01 8-37934
010 C01AA01 MINNEAPOLIS
010 C02AA01 MN
010 C03AA01 55402
010 C04AA01 4115
011 A00AA01 VOYAGEUR FUND DISTRIBUTORS
011 B00AA01 8-37934
011 C01AA01 MINNEAPOLIS
011 C02AA01 MN
011 C03AA01 55402
011 C04AA01 4115
012 A00AA01 VOYAGEUR FUND MANAGERS
012 B00AA01 84-01744
012 C01AA01 MINNEAPOLIS
012 C02AA01 MN
<PAGE> PAGE 2
012 C03AA01 55402
012 C04AA01 4115
013 A00AA01 KPMG PEAT MARWICK
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
014 A00AA01 DOUGHERTY, DAWKINS, STRAND AND BIGELOW
014 B00AA01 8-21885
015 A00AA01 NORWEST BANK, MN NA
015 B00AA01 C
015 C01AA01 MINNEAPOLIS
015 C02AA01 MN
015 C03AA01 55479
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 29
019 C00AA00 VOYAGEURFU
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 50658
022 D000001 41343
022 A000002 MERRILL LYNCH
022 B000002 13-5674085
022 C000002 24529
022 D000002 37775
022 A000003 BEAR STEARNS
022 B000003 13-4946705
022 C000003 26100
022 D000003 27489
022 A000004 DONALDSON, LUFKIN, AND JENRETTE
022 B000004 13-2741729
022 C000004 22611
022 D000004 15264
022 A000005 NATWEST BANK
022 B000005 11-0773597
022 C000005 9409
022 D000005 4481
022 A000006 C J LAWRENCE
022 B000006 13-2730828
<PAGE> PAGE 3
022 C000006 999
022 D000006 6555
022 A000007 ARBOR TRADING
022 B000007 36-3540782
022 C000007 933
022 D000007 1117
022 A000008 FIRST BOSTON
022 B000008 13-5659485
022 C000008 0
022 D000008 1494
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 135239
023 D000000 135518
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 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 N
027 000000 Y
028 A01AA00 592
028 A02AA00 461
028 A03AA00 0
028 A04AA00 2807
028 B01AA00 1389
028 B02AA00 444
028 B03AA00 0
028 B04AA00 4028
028 C01AA00 877
028 C02AA00 443
028 C03AA00 0
028 C04AA00 5025
028 D01AA00 1938
028 D02AA00 423
028 D03AA00 0
028 D04AA00 3102
<PAGE> PAGE 4
028 E01AA00 5661
028 E02AA00 434
028 E03AA00 0
028 E04AA00 3296
028 F01AA00 4581
028 F02AA00 2
028 F03AA00 0
028 F04AA00 3156
028 G01AA00 15038
028 G02AA00 2207
028 G03AA00 0
028 G04AA00 21414
028 H00AA00 1643
029 00AA00 Y
030 A00AA00 43
030 B00AA00 4.75
030 C00AA00 0.00
031 A00AA00 6
031 B00AA00 0
032 00AA00 37
033 00AA00 0
034 00AA00 Y
035 00AA00 9
036 A00AA00 N
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
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 161
044 00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.500
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
<PAGE> PAGE 5
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 N
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
062 A00AA00 Y
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.4
062 E00AA00 0.0
<PAGE> PAGE 6
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 0.0
062 M00AA00 48.0
062 N00AA00 50.9
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 18.1
064 A00AA00 N
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 Y
070 A02AA00 Y
070 B01AA00 N
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 N
070 J02AA00 N
070 K01AA00 N
070 K02AA00 N
070 L01AA00 N
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
<PAGE> PAGE 7
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
071 A00AA00 135239
071 B00AA00 144777
071 C00AA00 127471
071 D00AA00 106
072 A00AA00 6
072 B00AA00 4696
072 C00AA00 0
072 D00AA00 0
072 E00AA00 0
072 F00AA00 323
072 G00AA00 70
072 H00AA00 0
072 I00AA00 0
072 J00AA00 6
072 K00AA00 10
072 L00AA00 0
072 M00AA00 3
072 N00AA00 36
072 O00AA00 0
072 P00AA00 0
072 Q00AA00 0
072 R00AA00 7
072 S00AA00 9
072 T00AA00 161
072 U00AA00 0
072 V00AA00 0
072 W00AA00 2
072 X00AA00 627
072 Y00AA00 0
072 Z00AA00 4070
072AA00AA00 0
072BB00AA00 9435
072CC01AA00 6362
072CC02AA00 0
072DD01AA00 2442
072DD02AA00 1516
072EE00AA00 261
073 A01AA00 0.3100
073 A02AA00 0.3100
073 B00AA00 0.0200
073 C00AA00 0.0200
074 A00AA00 1
074 B00AA00 465
074 C00AA00 0
074 D00AA00 125789
<PAGE> PAGE 8
074 E00AA00 0
074 F00AA00 0
074 G00AA00 0
074 H00AA00 0
074 I00AA00 0
074 J00AA00 0
074 K00AA00 0
074 L00AA00 1883
074 M00AA00 0
074 N00AA00 128138
074 O00AA00 0
074 P00AA00 0
074 Q00AA00 0
074 R01AA00 0
074 R02AA00 0
074 R03AA00 0
074 R04AA00 947
074 S00AA00 0
074 T00AA00 127191
074 U01AA00 8102
074 U02AA00 5276
074 V01AA00 9.51
074 V02AA00 9.51
074 W00AA00 0.0000
074 X00AA00 3125
074 Y00AA00 0
075 A00AA00 0
075 B00AA00 128043
076 00AA00 0.00
077 A000000 N
078 000000 N
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 B00AA00 0
084 B00AA00 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
008 A000101 VOYAGEUR FUND MANAGERS
008 B000101 A
008 C000101 801-20432
<PAGE> PAGE 9
008 D010101 MINNEAPOLIS
008 D020101 MN
008 D030101 55402
008 D040101 4115
SIGNATURE MARK NERUD
TITLE FUND ACCTG MGR
