<PAGE> PAGE 1
000 A000000 04/30/95
000 C000000 0000868055
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 PW/KP MUNICIPAL MONEY MARKET SERIES
001 B000000 811-6173
001 C000000 2127131074
002 A000000 1285 AVENUE OF THE AMERICAS
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10019
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
007 C010100 1
007 C020100 PW/KP MUNI MONEY MARKET SERIES - CONNECTICUT
007 C030100 N
007 C010200 2
007 C020200 PW/KP MUNI MONEY MARKET SERIES - NEW JERSEY
007 C030200 N
007 C010300 3
007 C020300 PW/KP MUNI MONEY MARKET SERIES - NEW YORK
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 PAINEWEBBER INC.
008 B00AA01 A
008 C00AA01 801-16267
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10019
008 A00AA02 MITCHELL HUTCHINS ASSET MANAGEMENT
008 B00AA02 S
008 C00AA02 801-13219
008 D01AA02 NEW YORK
008 D02AA02 NY
008 D03AA02 10019
010 A00AA01 PAINEWEBBER INC.
<PAGE> PAGE 2
010 B00AA01 801-16267
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10019
011 A00AA01 PAINEWEBBER INC.
011 B00AA01 8-16267
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10019
012 A00AA01 PFPC, INC.
012 B00AA01 84-00000
012 C01AA01 WILMINGTON
012 C02AA01 DE
012 C03AA01 19809
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10281
014 A00AA01 PAINEWEBBER INC.
014 B00AA01 8-16267
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 77
019 C00AA00 PAINEWEBBE
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 LEHMAN BROS.
022 C000001 71175
022 D000001 0
022 A000002 GOLDMAN, SACHS & CO.
022 B000002 13-510880
022 C000002 58721
022 D000002 10799
022 A000003 SMITH BARNEY,SHEARSON
022 B000003 13-1912900
022 C000003 30904
022 D000003 10799
022 A000004 MORGAN (J.P.) SECURITIES INC.
022 B000004 13-3224016
022 C000004 19600
022 D000004 19000
022 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
<PAGE> PAGE 3
022 B000005 13-5674085
022 C000005 20200
022 D000005 12400
022 A000006 CS FIRST BOSTON
022 C000006 11347
022 D000006 14500
022 A000007 BEAR, STEARNS & CO., INC.
022 B000007 13-3299429
022 C000007 10250
022 D000007 13350
022 A000008 PRUDENTIAL SECURITIES INC.
022 B000008 22-2347336
022 C000008 4503
022 D000008 3000
022 A000009 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP
022 B000009 13-2638130
022 C000009 3900
022 D000009 2300
022 A000010 DILLON, READ & CO., INC.
022 B000010 13-1939216
022 C000010 3000
022 D000010 3000
023 C000000 249469
023 D000000 110852
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
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026 D000000 Y
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026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
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029 00AA00 N
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<PAGE> PAGE 4
034 00AA00 N
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039 00AA00 N
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048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
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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
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<PAGE> PAGE 5
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 Y
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
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060 A00AA00 N
060 B00AA00 N
061 00AA00 1000
066 A00AA00 N
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068 A00AA00 N
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070 A01AA00 Y
070 A02AA00 N
070 B01AA00 Y
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 Y
070 D02AA00 N
070 E01AA00 Y
070 E02AA00 N
070 F01AA00 Y
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 N
070 H01AA00 Y
070 H02AA00 N
070 I01AA00 Y
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 N
070 L01AA00 Y
070 L02AA00 N
070 M01AA00 Y
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<PAGE> PAGE 6
070 R01AA00 N
070 R02AA00 N
077 A000000 N
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015 A000101 STATE STREET BANK
015 B000101 C
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015 C020101 MA
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028 F020100 46
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<PAGE> PAGE 7
028 G010100 40365
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043 000100 15
044 000100 0
062 A000100 Y
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062 E000100 98.9
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063 B000100 0.0
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064 B000100 N
071 A000100 0
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<PAGE> PAGE 8
072 K000100 0
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074 N000100 21283
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<PAGE> PAGE 9
074 U020100 0
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074 W000100 1.0000
074 X000100 629
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075 A000100 25198
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076 000100 0.00
015 A000201 STATE STREET BANK
015 B000201 C
015 C010201 NORTH QUINCY
015 C020201 MA
015 C030201 02171
015 E010201 X
028 A010200 8008
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028 A040200 10038
028 B010200 18300
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028 D010200 14434
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028 E020200 93
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<PAGE> PAGE 10
042 H000200 0
043 000200 21
044 000200 0
062 A000200 Y
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062 D000200 0.0
062 E000200 99.0
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064 A000200 Y
064 B000200 N
071 A000200 0
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<PAGE> PAGE 11
072 W000200 1
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015 A000301 INVESTORS FIDUCIARY TRUST COMPANY
015 B000301 C
015 C010301 KANSAS CITY
<PAGE> PAGE 12
015 C020301 MO
015 C030301 64105
015 E060301 X
028 A010300 18923
028 A020300 117
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028 A040300 24234
028 B010300 14710
028 B020300 0
028 B030300 0
028 B040300 17566
028 C010300 27012
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028 C040300 23450
028 D010300 22277
028 D020300 97
028 D030300 0
028 D040300 20435
028 E010300 17662
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028 E040300 23297
028 F010300 13008
028 F020300 132
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043 000300 35
044 000300 0
062 A000300 Y
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<PAGE> PAGE 13
062 J000300 0.0
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063 B000300 0.0
064 A000300 Y
064 B000300 N
071 A000300 0
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<PAGE> PAGE 14
073 A020300 0.0000
073 B000300 0.0000
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074 A000300 134
074 B000300 0
074 C000300 48333
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074 T000300 48643
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SIGNATURE JULIAN SLUYTERS
TITLE TREASURER
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<CIK> 0000868055
<NAME> PW/KP MUNICIPAL MONEY MARKET SERIES
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<NAME> PW/KP MUNICIPAL MONEY MARKET - CONNECTICUT SERIES
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<S> <C>
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<TABLE> <S> <C>
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<CIK> 0000868055
<NAME> PW/KP MUNICIPAL MONEY MARKET SERIES
<SERIES>
<NUMBER> 2
<NAME> PW/KP MUNICIPAL MONEY MARKET -NEW JERSEY SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
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<INVESTMENTS-AT-COST> 31,255,012
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<NET-CHANGE-IN-ASSETS> (426,097)
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<ACCUMULATED-GAINS-PRIOR> (21,521)
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<PER-SHARE-NAV-BEGIN> 1.00
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<PER-SHARE-DIVIDEND> (0.01)
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<EXPENSE-RATIO> .90
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<TABLE> <S> <C>
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<CIK> 0000868055
<NAME> PW/KP MUNICIPAL MONEY MARKET SERIES
<SERIES>
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<NAME> KP/PW MUNICIPAL MONEY MARKET - NEW YORK SERIES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> APR-30-1995
<INVESTMENTS-AT-COST> 48,332,757
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<OTHER-ITEMS-LIABILITIES> 141,724
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<SENIOR-EQUITY> 48,642,907
<PAID-IN-CAPITAL-COMMON> 48,689,163
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<NET-ASSETS> 48,642,907
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</TABLE>
