<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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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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070 C020200 N
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070 D020200 N
070 E010200 N
070 E020200 N
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070 F020200 N
070 G010200 N
070 G020200 N
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070 H020200 N
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<PAGE> PAGE 9
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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
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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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SIGNATURE KEN LARSEN
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE STATEMENT
OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, STATEMENT OF CHANGES IN NET
ASSETS AND THE FINANCIAL HIGHLIGHTS AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000819799
<NAME> Voyageur Funds, Inc.
<SERIES>
<NUMBER> 2
<NAME> VFI Short Duration Portfolio
<S> <C>
<PERIOD-TYPE> Year
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<PERIOD-START> Nov-01-1995
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (47,065)
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<OTHER-INCOME> 0
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<APPREC-INCREASE-CURRENT> (47,065)
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<EQUALIZATION> 0
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<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,060,176
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 30,552,317
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,832
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,913
<AVERAGE-NET-ASSETS> 30,489,678
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> (0.02)
<PER-SHARE-DIVIDEND> 0.05
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.98
<EXPENSE-RATIO> 0.34
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE STATEMENT
OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, STATEMENT OF CHANGES IN NET
ASSETS AND THE FINANCIAL HIGHLIGHTS AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
<CIK> 0000819799
<NAME> Voyageur Funds, Inc.
<SERIES>
<NUMBER> 3
<NAME> VFI Intermediate Duration Portfolio
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> Oct-31-1996
<PERIOD-START> Nov-01-1995
<PERIOD-END> Apr-30-1996
<INVESTMENTS-AT-COST> 38,533,233
<INVESTMENTS-AT-VALUE> 38,495,947
<RECEIVABLES> 164,490
<ASSETS-OTHER> 834
<OTHER-ITEMS-ASSETS> 5,144
<TOTAL-ASSETS> 38,666,415
<PAYABLE-FOR-SECURITIES> 8,024,062
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 138,900
<TOTAL-LIABILITIES> 8,162,962
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 30,649,033
<SHARES-COMMON-STOCK> 3,065,176
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (108,294)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (37,286)
<NET-ASSETS> 30,503,453
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 166,054
<OTHER-INCOME> 0
<EXPENSES-NET> 9,908
<NET-INVESTMENT-INCOME> 156,146
<REALIZED-GAINS-CURRENT> (108,294)
<APPREC-INCREASE-CURRENT> (37,286)
<NET-CHANGE-FROM-OPS> 10,566
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 156,146
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,065,176
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 30,503,453
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,662
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,908
<AVERAGE-NET-ASSETS> 30,474,903
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> (0.05)
<PER-SHARE-DIVIDEND> 0.05
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.95
<EXPENSE-RATIO> 0.34
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE STATEMENT
OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, STATEMENT OF CHANGES IN NET
ASSETS AND THE FINANCIAL HIGHLIGHTS AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000819799
<NAME> Voyageur Funds, Inc.
<SERIES>
<NUMBER> 4
<NAME> VFI Core Portfolio
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> Oct-31-1996
<PERIOD-START> Nov-01-1995
<PERIOD-END> Apr-30-1996
<INVESTMENTS-AT-COST> 42,094,164
<INVESTMENTS-AT-VALUE> 41,805,290
<RECEIVABLES> 2,187,780
<ASSETS-OTHER> 699
<OTHER-ITEMS-ASSETS> 5,144
<TOTAL-ASSETS> 43,998,913
<PAYABLE-FOR-SECURITIES> 13,591,477
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 146,741
<TOTAL-LIABILITIES> 13,738,218
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 30,649,033
<SHARES-COMMON-STOCK> 3,066,072
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (99,464)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (288,874)
<NET-ASSETS> 30,260,695
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 174,436
<OTHER-INCOME> 0
<EXPENSES-NET> 9,863
<NET-INVESTMENT-INCOME> 164,573
<REALIZED-GAINS-CURRENT> (99,464)
<APPREC-INCREASE-CURRENT> (288,874)
<NET-CHANGE-FROM-OPS> (223,765)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 164,573
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,066,072
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 30,260,695
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,636
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,863
<AVERAGE-NET-ASSETS> 30,333,946
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> (0.13)
<PER-SHARE-DIVIDEND> 0.05
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.87
<EXPENSE-RATIO> 0.34
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
