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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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<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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<PAGE> PAGE 20
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<PAGE> PAGE 21
074 O000300 0
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015 A000401 MORGAN GUARANTY BANK & TRUST CO.
015 B000401 S
015 C010401 NEW YORK
015 C020401 NY
015 C030401 10015
015 E010401 X
015 A000402 CHEMICAL BANK & TRUST CO.
015 B000402 S
015 C010402 NEW YORK
015 C020402 NY
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015 E010402 X
015 A000403 BANK OF NEW YORK
015 B000403 S
015 C010403 NEW YORK
015 C020403 NY
015 C030403 10006
015 E010403 X
015 A000404 BANKERS TRUST CO.
015 B000404 S
015 C010404 NEW YORK
015 C020404 NY
015 C030404 10015
015 E010404 X
015 A000405 U.S. TRUST CO.
015 B000405 S
015 C010405 NEW YORK
015 C020405 NY
015 C030405 10036
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015 B000406 S
<PAGE> PAGE 22
015 C010406 PITTSBURGH
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015 A000407 NATIONSBANK OF NORTH CAROLINA
015 B000407 S
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015 A000408 NATIONSBANC CAPITAL MARKETS, ILNC.
015 B000408 S
015 C010408 RICHMOND
015 C020408 VA
015 C030408 23261
015 E010408 X
015 A000409 STATE STREET BANK AND TRUST COMPANY
015 B000409 C
015 C010409 BOSTON
015 C020409 MA
015 C030409 02266
015 C040409 8604
015 E010409 X
028 A010400 222
028 A020400 25
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<PAGE> PAGE 23
028 H000400 535
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035 000400 11
036 A000400 N
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037 000400 N
038 000400 0
039 000400 N
040 000400 Y
041 000400 Y
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042 E000400 0
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<PAGE> PAGE 24
048 J020400 0.000
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048 K020400 0.000
049 000400 N
050 000400 N
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052 000400 N
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053 C000400 N
055 A000400 Y
055 B000400 N
056 000400 N
057 000400 N
058 A000400 N
059 000400 Y
060 A000400 N
060 B000400 N
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062 A000400 Y
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062 R000400 0.0
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063 B000400 28.9
064 A000400 Y
064 B000400 N
066 A000400 N
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068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
<PAGE> PAGE 25
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 6059
071 B000400 6589
071 C000400 13835
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<PAGE> PAGE 26
072 Q000400 0
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<PAGE> PAGE 27
075 A000400 0
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015 A000501 U.S. TRUST CO.
015 B000501 S
015 C010501 NEW YORK
015 C020501 NY
015 C030501 10036
015 E010501 X
015 A000502 BANKERS TRUST CO.
015 B000502 S
015 C010502 NEW YORK
015 C020502 NY
015 C030502 10015
015 E010502 X
015 A000503 BANK OF NEW YORK
015 B000503 S
015 C010503 NEW YORK
015 C020503 NY
015 C030503 10006
015 E010503 X
015 A000504 CHEMICAL BANK & TRUST CO.
015 B000504 S
015 C010504 NEW YORK
015 C020504 NY
015 C030504 10006
015 E010504 X
015 A000505 MORGAN GUARANTY BANK & TRUST CO.
015 B000505 S
015 C010505 NEW YORK
015 C020505 NY
015 C030505 10015
015 E010505 X
015 A000506 NATIONSBANC CAPITAL MARKETS, INC.
015 B000506 S
015 C010506 RICHMOND
015 C020506 VA
015 C030506 23261
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015 A000507 NATIONSBANK OF NORTH CAROLINA
015 B000507 S
015 C010507 CHARLOTTE
015 C020507 NC
015 C030507 28255
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015 A000508 PNC BANK, NA
015 B000508 S
015 C010508 PITTSBURGH
015 C020508 PA
015 C030508 15265
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<PAGE> PAGE 28
015 A000509 STATE STREET BANK AND TRUST COMPANY
015 B000509 C
015 C010509 BOSTON
015 C020509 MA
015 C030509 02266
015 C040509 8604
015 E010509 X
028 A010500 1105
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039 000500 N
<PAGE> PAGE 29
040 000500 Y
041 000500 Y
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050 000500 N
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052 000500 N
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056 000500 N
057 000500 N
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<PAGE> PAGE 30
060 A000500 N
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063 B000500 28.2
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070 A020500 N
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070 E020500 N
070 F010500 N
070 F020500 N
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070 G020500 N
070 H010500 N
070 H020500 N
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070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 N
<PAGE> PAGE 31
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
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070 N020500 N
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070 P010500 Y
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070 Q020500 N
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071 B000500 7062
071 C000500 29582
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<PAGE> PAGE 32
072EE000500 0
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015 A000601 U.S. TRUST CO.
015 B000601 S
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015 C030601 10036
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015 C030602 15265
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<PAGE> PAGE 33
015 B000603 S
015 C010603 CHARLOTTE
015 C020603 NC
015 C030603 28255
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015 B000604 S
015 C010604 RICHMOND
015 C020604 VA
015 C030604 23261
015 E010604 X
015 A000605 MORGAN GUARANTY BANK & TRUST CO.
015 B000605 S
015 C010605 NEW YORK
015 C020605 NY
015 C030605 10015
015 E010605 X
015 A000606 CHEMICAL BANK & TRUST CO.
015 B000606 S
015 C010606 NEW YORK
015 C020606 NY
015 C030606 10006
015 E010606 X
015 A000607 BANK OF NEW YORK
015 B000607 S
015 C010607 NEW YORK
015 C020607 NY
015 C030607 10006
015 E010607 X
015 A000608 BANKERS TRUST CO.
015 B000608 S
015 C010608 NEW YORK
015 C020608 NY
015 C030608 10015
015 E010608 X
015 A000609 STATE STREET BANK AND TRUST COMPANY
015 B000609 C
015 C010609 BOSTON
015 C020609 MA
015 C030609 02266
015 C040609 8604
015 E010609 X
028 A010600 489
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<PAGE> PAGE 34
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<PAGE> PAGE 35
048 A010600 0
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050 000600 N
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052 000600 N
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056 000600 N
057 000600 N
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061 000600 1500
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<PAGE> PAGE 36
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070 K020600 N
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070 O020600 N
070 P010600 Y
070 P020600 N
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070 R010600 N
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071 A000600 1534
<PAGE> PAGE 37
071 B000600 11669
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<PAGE> PAGE 38
074 L000600 2
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015 A000701 BANK OF NEW YORK
015 B000701 S
015 C010701 NEW YORK
015 C020701 NY
015 C030701 10006
015 E010701 X
015 A000702 CHEMICAL BANK & TRUST CO.
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015 C030702 10006
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015 C010703 PITTSBURGH
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015 C030703 15265
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015 A000704 MORGAN GUARANTY BANK & TRUST CO.
015 B000704 S
015 C010704 NEW YORK
015 C020704 NY
015 C030704 10015
015 E010704 X
015 A000705 BANKERS TRUST CO.
015 B000705 S
015 C010705 NEW YORK
015 C020705 NY
015 C030705 10015
<PAGE> PAGE 39
015 E010705 X
015 A000706 NATIONSBANK OF NORTH CAROLINA
015 B000706 S
015 C010706 CHARLOTTE
015 C020706 NC
015 C030706 28255
015 E010706 X
015 A000707 U.S. TRUST CO.
015 B000707 S
015 C010707 NEW YORK
015 C020707 NY
015 C030707 10036
015 E010707 X
015 A000708 NATIONSBANC CAPITAL MARKETS, INC.
015 B000708 S
015 C010708 RICHMOND
015 C020708 VA
015 C030708 23261
015 E010708 X
015 A000709 STATE STREET BANK AND TRUST COMPANY
015 B000709 C
015 C010709 BOSTON
015 C020709 MA
015 C030709 02266
015 C040709 8602
015 E010709 X
028 A010700 180
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<PAGE> PAGE 40
028 G020700 45
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048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
<PAGE> PAGE 41
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 0
048 K020700 0.000
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 Y
053 B000700 Y
053 C000700 N
055 A000700 Y
055 B000700 N
056 000700 N
057 000700 N
058 A000700 N
059 000700 Y
060 A000700 N
060 B000700 N
061 000700 1500
062 A000700 Y
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 107.4
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 6
063 B000700 0.0
064 A000700 Y
064 B000700 N
066 A000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
<PAGE> PAGE 42
070 B010700 N
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 N
070 K020700 N
070 L010700 N
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 N
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 1564
071 B000700 11393
071 C000700 9620
071 D000700 16
072 A000700 6
072 B000700 143
072 C000700 0
072 D000700 0
072 E000700 0
072 F000700 9
072 G000700 53
072 H000700 0
072 I000700 8
072 J000700 30
072 K000700 0
072 L000700 2
072 M000700 1
<PAGE> PAGE 43
072 N000700 6
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 7
072 S000700 2
072 T000700 23
072 U000700 0
072 V000700 0
072 W000700 4
072 X000700 145
072 Y000700 128
072 Z000700 126
072AA000700 0
072BB000700 1557
072CC010700 463
072CC020700 0
072DD010700 143
072DD020700 0
072EE000700 0
073 A010700 0.0200
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 31
074 B000700 0
074 C000700 600
074 D000700 0
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 2
074 M000700 19
074 N000700 652
074 O000700 0
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 93
074 S000700 0
074 T000700 559
074 U010700 69
074 U020700 0
074 V010700 8.08
074 V020700 0.00
<PAGE> PAGE 44
074 W000700 0.0000
074 X000700 32
074 Y000700 0
075 A000700 0
075 B000700 4693
076 000700 0.00
015 A000801 BANK OF NEW YORK
015 B000801 S
015 C010801 NEW YORK
015 C020801 NY
015 C030801 10006
015 E010801 X
015 A000802 CHEMICAL BANK & TRUST CO.
015 B000802 S
015 C010802 NEW YORK
015 C020802 NY
015 C030802 10006
015 E010802 X
015 A000803 PNC BANK, NA
015 B000803 S
015 C010803 PITTSBURGH
015 C020803 PA
015 C030803 15265
015 E010803 X
015 A000804 MORGAN GUARANTY BANK & TRUST CO.
015 B000804 S
015 C010804 NEW YORK
015 C020804 NY
015 C030804 10015
015 E010804 X
015 A000805 BANKERS TRUST CO.
015 B000805 S
015 C010805 NEW YORK
015 C020805 NY
015 C030805 10015
015 E010805 X
015 A000806 NATIONSBANK OF NORTH CAROLINA
015 B000806 S
015 C010806 CHARLOTTE
015 C020806 NC
015 C030806 28255
015 E010806 X
015 A000807 U.S. TRUST CO.
015 B000807 S
015 C010807 NEW YORK
015 C020807 NY
015 C030807 10036
015 E010807 X
015 A000808 NATIONSBANC CAPITAL MARKETS, INC.
015 B000808 S
015 C010808 RICHMOND
<PAGE> PAGE 45
015 C020808 VA
015 C030808 23261
015 E010808 X
015 A000809 STATE STREET BANK AND TRUST COMPANY
015 B000809 C
015 C010809 BOSTON
015 C020809 MA
015 C030809 02266
015 C040809 8604
015 E010809 X
028 A010800 145
028 A020800 15
028 A030800 0
028 A040800 11
028 B010800 95
028 B020800 32
028 B030800 0
028 B040800 2222
028 C010800 0
028 C020800 9
028 C030800 0
028 C040800 4488
028 D010800 46
028 D020800 4
028 D030800 0
028 D040800 1998
028 E010800 0
028 E020800 2
028 E030800 0
028 E040800 217
028 F010800 0
028 F020800 3
028 F030800 0
028 F040800 19
028 G010800 286
028 G020800 65
028 G030800 0
028 G040800 8955
028 H000800 0
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030 A000800 0
030 B000800 0.00
030 C000800 0.00
031 A000800 0
031 B000800 0
032 000800 0
033 000800 0
034 000800 Y
035 000800 0
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036 B000800 0
<PAGE> PAGE 46
037 000800 N
038 000800 0
039 000800 N
040 000800 Y
041 000800 Y
042 A000800 0
042 B000800 0
042 C000800 100
042 D000800 0
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 20
044 000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.400
048 A010800 0
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048 B010800 0
048 B020800 0.000
048 C010800 0
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048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 0
048 K020800 0.000
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 Y
053 B000800 Y
053 C000800 N
055 A000800 Y
055 B000800 N
056 000800 N
<PAGE> PAGE 47
057 000800 N
058 A000800 N
059 000800 Y
060 A000800 N
060 B000800 N
061 000800 1500
062 A000800 Y
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 95.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 0
063 B000800 0.0
064 A000800 Y
064 B000800 N
066 A000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 N
070 B010800 N
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
<PAGE> PAGE 48
070 J010800 Y
070 J020800 N
070 K010800 N
070 K020800 N
070 L010800 N
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 N
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 1981
071 B000800 11685
071 C000800 10249
071 D000800 19
072 A000800 6
072 B000800 166
072 C000800 0
072 D000800 0
072 E000800 0
072 F000800 11
072 G000800 53
072 H000800 0
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072 J000800 30
072 K000800 0
072 L000800 2
072 M000800 1
072 N000800 10
072 O000800 0
072 P000800 0
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072 R000800 7
072 S000800 2
072 T000800 26
072 U000800 0
072 V000800 0
072 W000800 4
072 X000800 154
072 Y000800 135
072 Z000800 147
072AA000800 0
072BB000800 1587
072CC010800 448
<PAGE> PAGE 49
072CC020800 0
072DD010800 166
072DD020800 0
072EE000800 0
073 A010800 0.2100
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 52
074 B000800 0
074 C000800 1300
074 D000800 0
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 4
074 M000800 21
074 N000800 1377
074 O000800 0
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 9
074 S000800 0
074 T000800 1368
074 U010800 164
074 U020800 0
074 V010800 8.35
074 V020800 0.00
074 W000800 0.0000
074 X000800 19
074 Y000800 0
075 A000800 0
075 B000800 5474
076 000800 0.00
015 A000901 BANK OF NEW YORK
015 B000901 S
015 C010901 NEW YORK
015 C020901 NY
015 C030901 10006
015 E010901 X
015 A000902 CHEMICAL BANK & TRUST CO.
015 B000902 S
015 C010902 NEW YORK
015 C020902 NY
<PAGE> PAGE 50
015 C030902 10006
015 E010902 X
015 A000903 PNC BANK, NA
015 B000903 S
015 C010903 PITTSBURGH
015 C020903 PA
015 C030903 15265
015 E010903 X
015 A000904 MORGAN GUARANTY BANK & TRUST CO.
015 B000904 S
015 C010904 NEW YORK
015 C020904 NY
015 C030904 10015
015 E010904 X
015 A000905 BANKERS TRUST CO.
015 B000905 S
015 C010905 NEW YORK
015 C020905 NY
015 C030905 10015
015 E010905 X
015 A000906 NATIONSBANK OF NORTH CAROLINA
015 B000906 S
015 C010906 CHARLOTTE
015 C020906 NC
015 C030906 28255
015 E010906 X
015 A000907 U.S. TRUST CO.
015 B000907 S
015 C010907 NEW YORK
015 C020907 NY
015 C030907 10036
015 E010907 X
015 A000908 NATIONSBANC CAPITAL MARKETS, INC.
015 B000908 S
015 C010908 RICHMOND
015 C020908 VA
015 C030908 23261
015 E010908 X
015 A000909 STATE STREET BANK AND TRUST COMPANY
015 B000909 C
015 C010909 BOSTON
015 C020909 MA
015 C030909 02266
015 C040909 8604
015 E010909 X
028 A010900 822
028 A020900 20
028 A030900 0
028 A040900 204
028 B010900 339
028 B020900 21
<PAGE> PAGE 51
028 B030900 0
028 B040900 923
028 C010900 0
028 C020900 5
028 C030900 0
028 C040900 3899
028 D010900 0
028 D020900 3
028 D030900 0
028 D040900 642
028 E010900 0
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028 E040900 207
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028 F040900 138
028 G010900 1161
028 G020900 50
028 G030900 0
028 G040900 6013
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030 A000900 0
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030 C000900 0.00
031 A000900 0
031 B000900 0
032 000900 0
033 000900 0
034 000900 Y
035 000900 7
036 A000900 N
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037 000900 N
038 000900 0
039 000900 N
040 000900 Y
041 000900 Y
042 A000900 0
042 B000900 0
042 C000900 100
042 D000900 0
042 E000900 0
042 F000900 0
042 G000900 0
042 H000900 0
043 000900 10
044 000900 0
045 000900 Y
<PAGE> PAGE 52
046 000900 N
047 000900 Y
048 000900 0.400
048 A010900 0
048 A020900 0.000
048 B010900 0
048 B020900 0.000
048 C010900 0
048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 0
048 K020900 0.000
049 000900 N
050 000900 N
051 000900 N
052 000900 N
053 A000900 Y
053 B000900 Y
053 C000900 N
055 A000900 Y
055 B000900 N
056 000900 N
057 000900 N
058 A000900 N
059 000900 Y
060 A000900 N
060 B000900 N
061 000900 1500
062 A000900 Y
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 96.2
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
<PAGE> PAGE 53
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
063 A000900 7
063 B000900 0.0
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064 B000900 N
066 A000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 N
070 B010900 N
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 N
070 K020900 N
070 L010900 N
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 N
070 N020900 N
070 O010900 Y
070 O020900 Y
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
<PAGE> PAGE 54
070 R010900 N
070 R020900 N
071 A000900 867
071 B000900 6128
071 C000900 3669
071 D000900 24
072 A000900 6
072 B000900 89
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<PAGE> PAGE 55
074 I000900 0
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075 B000900 3120
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015 A001001 U.S. TRUST CO.
015 B001001 S
015 C011001 NEW YORK
015 C021001 NY
015 C031001 10036
015 E011001 X
015 A001002 PNC BANK, NA
015 B001002 S
015 C011002 PITTSBURGH
015 C021002 PA
015 C031002 15265
015 E011002 X
015 A001003 NATIONSBANK OF NORTH CAROLINA
015 B001003 S
015 C011003 CHARLOTTE
015 C021003 NC
015 C031003 28255
015 E011003 X
015 A001004 MORGAN GUARANTY BANK & TRUST CO.
015 B001004 S
015 C011004 NEW YORK
015 C021004 NY
015 C031004 10015
015 E011004 X
015 A001005 BANKERS TRUST CO.
015 B001005 S
<PAGE> PAGE 56
015 C011005 NEW YORK
015 C021005 NY
015 C031005 10015
015 E011005 X
015 A001006 NATIONSBANC CAPITAL MARKETS, INC.
015 B001006 S
015 C011006 RICHMOND
015 C021006 VA
015 C031006 23261
015 E011006 X
015 A001007 CHEMICAL BANK & TRUST CO.
015 B001007 S
015 C011007 NEW YORK
015 C021007 NY
015 C031007 10006
015 E011007 X
015 A001008 BANK OF NEW YORK
015 B001008 S
015 C011008 NE YORK
015 C021008 NY
015 C031008 10006
015 E011008 X
015 A001009 STATE STREET BANK AND TRUST COMPANY
015 B001009 C
015 C011009 BOSTON
015 C021009 MA
015 C031009 02266
015 C041009 8604
015 E011009 X
028 A011000 207
028 A021000 14
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<PAGE> PAGE 57
028 F031000 0
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028 G041000 4460
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<PAGE> PAGE 58
048 G021000 0.000
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048 K021000 0.000
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050 001000 N
051 001000 N
052 001000 N
053 A001000 Y
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053 C001000 N
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055 B001000 N
056 001000 N
057 001000 N
058 A001000 N
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063 A001000 0
063 B001000 0.0
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067 001000 N
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068 B001000 N
069 001000 N
070 A011000 Y
<PAGE> PAGE 59
070 A021000 N
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070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
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070 K011000 N
070 K021000 N
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
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070 N021000 N
070 O011000 Y
070 O021000 N
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070 P021000 N
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070 Q021000 N
070 R011000 N
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<PAGE> PAGE 60
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<PAGE> PAGE 61
074 V021000 0.00
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076 001000 0.00
SIGNATURE S.ELLIOTT COHAN
TITLE ASST.GEN. COUNSEL
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> Municipal Securities Income Trust
California Municipal Income Fund
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-1995
<PERIOD-END> Feb-28-1995
<INVESTMENTS-AT-COST> 14,280,641
<INVESTMENTS-AT-VALUE> 14,135,034
<RECEIVABLES> 265,307
<ASSETS-OTHER> 85,207
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 14,485,548
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 84,298
<TOTAL-LIABILITIES> 84,298
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15,436,723
<SHARES-COMMON-STOCK> 1,453,628
<SHARES-COMMON-PRIOR> 1,504,452
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (889,866)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (145,607)
<NET-ASSETS> 14,401,250
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 475,139
<OTHER-INCOME> 0
<EXPENSES-NET> 34,280
<NET-INVESTMENT-INCOME> 440,859
<REALIZED-GAINS-CURRENT> (344,023)
<APPREC-INCREASE-CURRENT> 145,009
<NET-CHANGE-FROM-OPS> 241,845
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 440,859
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 220,287
<NUMBER-OF-SHARES-REDEEMED> 287,384
<SHARES-REINVESTED> 16,273
<NET-CHANGE-IN-ASSETS> (657,276)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (545,843)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 28,009
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 216,214
<AVERAGE-NET-ASSETS> 14,185,088
<PER-SHARE-NAV-BEGIN> 10.010
<PER-SHARE-NII> 0.290
<PER-SHARE-GAIN-APPREC> (0.100)
<PER-SHARE-DIVIDEND> 0.290
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.910
<EXPENSE-RATIO> 49
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> Municipal Securities Income Trust
Florida Municipal Income Fund
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-1995
<PERIOD-END> Feb-28-1995
<INVESTMENTS-AT-COST> 700,000
<INVESTMENTS-AT-VALUE> 700,000
<RECEIVABLES> 1,920
<ASSETS-OTHER> 15,902
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 717,822
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,980
<TOTAL-LIABILITIES> 1,980
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,654,663
<SHARES-COMMON-STOCK> 86,275
<SHARES-COMMON-PRIOR> 1,242,600
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,938,821)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 715,842
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 166,542
<OTHER-INCOME> 0
<EXPENSES-NET> 20,278
<NET-INVESTMENT-INCOME> 146,264
<REALIZED-GAINS-CURRENT> (1,735,215)
<APPREC-INCREASE-CURRENT> 568,502
<NET-CHANGE-FROM-OPS> (1,020,449)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 166,330
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 69,310
<NUMBER-OF-SHARES-REDEEMED> 1,230,095
<SHARES-REINVESTED> 4,459
<NET-CHANGE-IN-ASSETS> (10,918,810)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (206,460)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10,978
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 157,310
<AVERAGE-NET-ASSETS> 5,543,276
<PER-SHARE-NAV-BEGIN> 9.360
<PER-SHARE-NII> (0.210)
<PER-SHARE-GAIN-APPREC> (0.640)
<PER-SHARE-DIVIDEND> 0.210
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 8.300
<EXPENSE-RATIO> 74
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> Municipal Securities Income Trust
Maryland Municipal Income Fund
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Aug-31-1995
<PERIOD-END> Feb-28-1995
<INVESTMENTS-AT-COST> 550,000
<INVESTMENTS-AT-VALUE> 550,000
<RECEIVABLES> 1,719
<ASSETS-OTHER> 32,284
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 584,003
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12,385
<TOTAL-LIABILITIES> 12,385
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,668,242
<SHARES-COMMON-STOCK> 73,318
<SHARES-COMMON-PRIOR> 680,820
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,096,624)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 571,618
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 89,314
<OTHER-INCOME> 0
<EXPENSES-NET> 10,647
<NET-INVESTMENT-INCOME> 78,667
<REALIZED-GAINS-CURRENT> (884,128)
<APPREC-INCREASE-CURRENT> 271,913
<NET-CHANGE-FROM-OPS> (533,548)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 78,667
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 10,474
<NUMBER-OF-SHARES-SOLD> 135,351
<NUMBER-OF-SHARES-REDEEMED> 748,888
<SHARES-REINVESTED> 6,035
<NET-CHANGE-IN-ASSETS> (5,424,946)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (212,496)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,857
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 135,174
<AVERAGE-NET-ASSETS> 3,119,681
<PER-SHARE-NAV-BEGIN> 8.810
<PER-SHARE-NII> 0.100
<PER-SHARE-GAIN-APPREC> (0.900)
<PER-SHARE-DIVIDEND> 0.100
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.110
<PER-SHARE-NAV-END> 7.800
<EXPENSE-RATIO> 73
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> Municipal Securities Income Trust
Michigan Intermediate Municipal Trust
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Aug-31-1995
<PERIOD-END> Feb-28-1995
<INVESTMENTS-AT-COST> 57,240,044
<INVESTMENTS-AT-VALUE> 58,469,497
<RECEIVABLES> 1,129,500
<ASSETS-OTHER> 99,393
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 59,698,390
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 270,969
<TOTAL-LIABILITIES> 270,969
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 59,436,455
<SHARES-COMMON-STOCK> 5,669,548
<SHARES-COMMON-PRIOR> 5,522,526
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,238,487)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,229,453
<NET-ASSETS> 59,427,421
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,652,690
<OTHER-INCOME> 0
<EXPENSES-NET> 141,301
<NET-INVESTMENT-INCOME> 1,511,389
<REALIZED-GAINS-CURRENT> (972,698)
<APPREC-INCREASE-CURRENT> 506,646
<NET-CHANGE-FROM-OPS> 1,045,337
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,511,389
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,006,821
<NUMBER-OF-SHARES-REDEEMED> 875,683
<SHARES-REINVESTED> 15,884
<NET-CHANGE-IN-ASSETS> 947,201
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (265,790)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 113,040
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 276,150
<AVERAGE-NET-ASSETS> 57,639,425
<PER-SHARE-NAV-BEGIN> 10.590
<PER-SHARE-NII> 0.270
<PER-SHARE-GAIN-APPREC> (0.110)
<PER-SHARE-DIVIDEND> 0.270
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.480
<EXPENSE-RATIO> 50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> Municipal Securities Income Trust
New Jersey Municipal Income Fund
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-1995
<PERIOD-END> Feb-28-1995
<INVESTMENTS-AT-COST> 600,000
<INVESTMENTS-AT-VALUE> 600,000
<RECEIVABLES> 1,645
<ASSETS-OTHER> 50,160
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 651,805
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 93,115
<TOTAL-LIABILITIES> 93,115
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,344,029
<SHARES-COMMON-STOCK> 69,137
<SHARES-COMMON-PRIOR> 1,179,470
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,785,339)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 558,690
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 143,304
<OTHER-INCOME> 0
<EXPENSES-NET> 17,128
<NET-INVESTMENT-INCOME> 126,176
<REALIZED-GAINS-CURRENT> (1,556,980)
<APPREC-INCREASE-CURRENT> 463,424
<NET-CHANGE-FROM-OPS> (967,380)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 126,176
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 17,127
<NUMBER-OF-SHARES-SOLD> 21,979
<NUMBER-OF-SHARES-REDEEMED> 1,137,451
<SHARES-REINVESTED> 5,139
<NET-CHANGE-IN-ASSETS> (10,607,489)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (228,359)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 9,404
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 145,440
<AVERAGE-NET-ASSETS> 4,693,262
<PER-SHARE-NAV-BEGIN> 9.470
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> (1.210)
<PER-SHARE-DIVIDEND> 0.020
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.180
<PER-SHARE-NAV-END> 8.080
<EXPENSE-RATIO> 73
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> Municipal Securities Income Trust
New York Municipal Income Fund
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-1995
<PERIOD-END> Feb-28-1995
<INVESTMENTS-AT-COST> 22,185,649
<INVESTMENTS-AT-VALUE> 22,105,994
<RECEIVABLES> 421,834
<ASSETS-OTHER> 73,949
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 22,601,777
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 92,548
<TOTAL-LIABILITIES> 92,548
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 24,098,710
<SHARES-COMMON-STOCK> 2,275,170
<SHARES-COMMON-PRIOR> 2,292,521
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,509,826)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (79,655)
<NET-ASSETS> 22,509,229
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 722,050
<OTHER-INCOME> 0
<EXPENSES-NET> 62,034
<NET-INVESTMENT-INCOME> 660,016
<REALIZED-GAINS-CURRENT> (1,027,780)
<APPREC-INCREASE-CURRENT> 559,097
<NET-CHANGE-FROM-OPS> 191,333
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 660,016
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 295,025
<NUMBER-OF-SHARES-REDEEMED> 329,490
<SHARES-REINVESTED> 17,113
<NET-CHANGE-IN-ASSETS> (642,989)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (482,045)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 42,903
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 256,005
<AVERAGE-NET-ASSETS> 21,843,950
<PER-SHARE-NAV-BEGIN> 10.100
<PER-SHARE-NII> 0.290
<PER-SHARE-GAIN-APPREC> (0.210)
<PER-SHARE-DIVIDEND> 0.290
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.890
<EXPENSE-RATIO> 58
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> Municipal Securities Income Trust
Ohio Municipal Income Fund
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Aug-31-1995
<PERIOD-END> Feb-28-1995
<INVESTMENTS-AT-COST> 69,665,696
<INVESTMENTS-AT-VALUE> 71,344,379
<RECEIVABLES> 1,527,077
<ASSETS-OTHER> 99,235
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 72,970,691
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 261,135
<TOTAL-LIABILITIES> 261,135
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 72,184,328
<SHARES-COMMON-STOCK> 6,632,666
<SHARES-COMMON-PRIOR> 7,410,283
<ACCUMULATED-NII-CURRENT> 68,752
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,222,206)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,678,682
<NET-ASSETS> 72,709,556
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,420,627
<OTHER-INCOME> 0
<EXPENSES-NET> 329,020
<NET-INVESTMENT-INCOME> 2,091,607
<REALIZED-GAINS-CURRENT> (957,095)
<APPREC-INCREASE-CURRENT> 116,000
<NET-CHANGE-FROM-OPS> 1,250,512
<EQUALIZATION> (24,255)
<DISTRIBUTIONS-OF-INCOME> 2,029,585
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 346,265
<NUMBER-OF-SHARES-REDEEMED> 1,194,961
<SHARES-REINVESTED> 71,079
<NET-CHANGE-IN-ASSETS> (8,856,403)
<ACCUMULATED-NII-PRIOR> 30,984
<ACCUMULATED-GAINS-PRIOR> (265,110)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 146,236
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 542,260
<AVERAGE-NET-ASSETS> 76,147,319
<PER-SHARE-NAV-BEGIN> 11.010
<PER-SHARE-NII> 0.300
<PER-SHARE-GAIN-APPREC> (0.060)
<PER-SHARE-DIVIDEND> 0.290
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.960
<EXPENSE-RATIO> 90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> Municipal Securities Income Trust
Pennsylvania Municipal Income Fund
Class A
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-1995
<PERIOD-END> Feb-28-1995
<INVESTMENTS-AT-COST> 84,375,916
<INVESTMENTS-AT-VALUE> 85,831,267
<RECEIVABLES> 1,765,733
<ASSETS-OTHER> 14,500
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 87,611,500
<PAYABLE-FOR-SECURITIES> 1,588,573
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 349,396
<TOTAL-LIABILITIES> 1,937,969
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 85,817,447
<SHARES-COMMON-STOCK> 7,822,369
<SHARES-COMMON-PRIOR> 7,849,970
<ACCUMULATED-NII-CURRENT> 138,890
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,738,157)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,455,351
<NET-ASSETS> 85,673,531
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,883,704
<OTHER-INCOME> 0
<EXPENSES-NET> 327,478
<NET-INVESTMENT-INCOME> 2,556,226
<REALIZED-GAINS-CURRENT> (1,208,780)
<APPREC-INCREASE-CURRENT> 677,569
<NET-CHANGE-FROM-OPS> 2,025,015
<EQUALIZATION> 11,149
<DISTRIBUTIONS-OF-INCOME> 2,358,843
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,520,122
<NUMBER-OF-SHARES-REDEEMED> 1,665,849
<SHARES-REINVESTED> 118,126
<NET-CHANGE-IN-ASSETS> (9,168,019)
<ACCUMULATED-NII-PRIOR> 14,084
<ACCUMULATED-GAINS-PRIOR> (529,378)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 170,069
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 488,217
<AVERAGE-NET-ASSETS> 86,617,850
<PER-SHARE-NAV-BEGIN> 10.940
<PER-SHARE-NII> 0.320
<PER-SHARE-GAIN-APPREC> (0.010)
<PER-SHARE-DIVIDEND> 0.300
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.950
<EXPENSE-RATIO> 75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> Municipal Securities Income Trust
Pennsylvania Municipal Income Fund
Income Shares
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Aug-31-1995
<PERIOD-END> Feb-28-1995
<INVESTMENTS-AT-COST> 84,375,916
<INVESTMENTS-AT-VALUE> 85,831,267
<RECEIVABLES> 1,765,733
<ASSETS-OTHER> 14,500
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 87,611,500
<PAYABLE-FOR-SECURITIES> 1,588,573
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 349,396
<TOTAL-LIABILITIES> 1,937,969
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 85,817,447
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 827,695
<ACCUMULATED-NII-CURRENT> 138,890
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,738,157)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,455,351
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,883,704
<OTHER-INCOME> 0
<EXPENSES-NET> 327,478
<NET-INVESTMENT-INCOME> 2,556,226
<REALIZED-GAINS-CURRENT> (1,208,780)
<APPREC-INCREASE-CURRENT> 677,569
<NET-CHANGE-FROM-OPS> 2,025,015
<EQUALIZATION> 11,149
<DISTRIBUTIONS-OF-INCOME> 83,724
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 39,353
<NUMBER-OF-SHARES-REDEEMED> 873,482
<SHARES-REINVESTED> 6,434
<NET-CHANGE-IN-ASSETS> (9,168,019)
<ACCUMULATED-NII-PRIOR> 14,084
<ACCUMULATED-GAINS-PRIOR> (529,378)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 170,069
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 488,217
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<TABLE> <S> <C>
<S> <C>
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<NUMBER> 10
<NAME> Municipal Securities Income Trust
Texas Municipal Income Fund
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</TABLE>
<TABLE> <S> <C>
<S> <C>
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<SERIES>
<NUMBER> 11
<NAME> Municipal Securities Income Trust
Virginia Municipal Income Fund
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