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SIGNATURE BERNADETTE N. FINN
TITLE SECRETARY
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND> The schedule contains summary financial information
extracted from the financial statements and supporting
schedules as of the end of the most current period and is
qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 843078
<NAME> Tax Exempt Proceeds Fund, Inc.
<S> <C>
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<PERIOD-END> DEC-31-1995
<PERIOD-TYPE> SEMI
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</TABLE>
