<PAGE> PAGE 1
000 B000000 06/30/97
000 C000000 0000872032
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 TAX-FREE FUND FOR UTAH
001 B000000 811-6239
001 C000000 2126976666
002 A000000 380 MADISON AVENUE, SUITE 2300
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10017
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
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
008 A000001 FIRST SECURITY INVESTMENT MANAGEMENT COMPANY
008 B000001 A
008 C000001 801-25486
008 D010001 SALT LAKE CITY
008 D020001 UT
008 D030001 84111
010 A000001 AQUILA MANAGEMENT CORP.
010 B000001 801-2219
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10017
011 A000001 AQUILA DISTRIBUTORS, INC.
011 B000001 8-13173
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10017
012 A000001 ADMINISTRATIVE DATA MANAGEMENT CORP.
012 B000001 84-00192
012 C010001 WOODBRIDGE
<PAGE> PAGE 2
012 C020001 NJ
012 C030001 07095
013 A000001 KPMG PEAT MARWICK LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10154
015 A000001 BANK ONE TRUST COMPANY, N.A.
015 B000001 C
015 C010001 COLUMBUS
015 C020001 OH
015 C030001 43271
015 E010001 X
018 000000 Y
019 A000000 N
019 B000000 0
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 CREWS & ASSOCIATES
022 B000001 71-0522369
022 C000001 809
022 D000001 623
022 A000002 PAINE WEBBER
022 B000002 13-2638166
022 C000002 345
022 D000002 345
022 A000003 SMITH BARNEY
022 B000003 13-1912900
022 C000003 280
022 D000003 0
022 A000004 ZIONS SECURITIES
022 B000004 87-0432248
022 C000004 0
022 D000004 205
022 A000005 SOUTHWEST CAPITAL
022 B000005 72-1164960
022 C000005 35
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
<PAGE> PAGE 3
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 1469
023 D000000 1173
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
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 A010000 320
028 A020000 79
028 A030000 0
028 A040000 405
028 B010000 741
028 B020000 75
028 B030000 0
028 B040000 476
028 C010000 121
028 C020000 77
028 C030000 0
028 C040000 293
028 D010000 186
028 D020000 82
028 D030000 0
028 D040000 246
028 E010000 197
028 E020000 77
028 E030000 0
028 E040000 421
028 F010000 195
028 F020000 75
028 F030000 0
028 F040000 720
028 G010000 1760
<PAGE> PAGE 4
028 G020000 465
028 G030000 0
028 G040000 2561
028 H000000 1698
029 000000 Y
030 A000000 122
030 B000000 4.00
030 C000000 0.00
031 A000000 2
031 B000000 0
032 000000 120
033 000000 0
034 000000 Y
035 000000 0
036 A000000 N
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 3
042 D000000 97
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 59
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.230
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
<PAGE> PAGE 5
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 Y
053 C000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 1000
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
<PAGE> PAGE 6
062 O000000 99.1
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 13.8
064 A000000 N
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 N
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 1471
071 B000000 1469
<PAGE> PAGE 7
071 C000000 28871
071 D000000 5
072 A000000 12
072 B000000 1644
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 68
072 G000000 79
072 H000000 0
072 I000000 40
072 J000000 7
072 K000000 0
072 L000000 34
072 M000000 25
072 N000000 6
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 20
072 S000000 30
072 T000000 59
072 U000000 0
072 V000000 0
072 W000000 23
072 X000000 391
072 Y000000 311
072 Z000000 1564
072AA000000 1
072BB000000 0
072CC010000 636
072CC020000 0
072DD010000 1581
072DD020000 1
072EE000000 0
073 A010000 0.5339
073 A020000 1.0675
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 0
074 D000000 28896
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 133
074 L000000 356
<PAGE> PAGE 8
074 M000000 0
074 N000000 29385
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 233
074 S000000 0
074 T000000 29152
074 U010000 2923
074 U020000 8
074 V010000 9.94
074 V020000 9.94
074 W000000 0.0000
074 X000000 700
074 Y000000 0
075 A000000 0
075 B000000 29381
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000 10000
081 A000000 Y
081 B000000 17
082 A000000 Y
082 B000000 50
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
<PAGE> PAGE 9
085 A000000 N
085 B000000 N
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
SIGNATURE PATRICIA A. CRAVEN
TITLE ASSISTANT SECRETARY
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
registrant's annual report dated June 30, 1997 and is qualified in its entirety
to such financial statements.
</LEGEND>
<CIK> 0000872032
<NAME> TAX-FREE FUND FOR UTAH, CLASS A SHARES
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 28,050,077
<INVESTMENTS-AT-VALUE> 28,895,968
<RECEIVABLES> 489,270
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,385,238
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 232,894
<TOTAL-LIABILITIES> 232,894
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 28,828,337
<SHARES-COMMON-STOCK> 2,923,377
<SHARES-COMMON-PRIOR> 2,966,578
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (521,884)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 845,891
<NET-ASSETS> 29,070,500
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,643,817
<OTHER-INCOME> 0
<EXPENSES-NET> 79,477
<NET-INVESTMENT-INCOME> 1,564,340
<REALIZED-GAINS-CURRENT> 870
<APPREC-INCREASE-CURRENT> 636,155
<NET-CHANGE-FROM-OPS> 2,201,365
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,580,556
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 346,477
<NUMBER-OF-SHARES-REDEEMED> 483,708
<SHARES-REINVESTED> 94,031
<NET-CHANGE-IN-ASSETS> 2,201,365
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 67,588
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 390,629
<AVERAGE-NET-ASSETS> 29,356,950
<PER-SHARE-NAV-BEGIN> 9.74
<PER-SHARE-NII> .44
<PER-SHARE-GAIN-APPREC> .21
<PER-SHARE-DIVIDEND> .45
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.94
<EXPENSE-RATIO> 1.07
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
registrant's annual report dated June 30, 1997 and is qualified in its entirety
by reference to such financial statements.
</LEGEND>
<CIK> 0000872032
<NAME> TAX-FREE FUND FOR UTAH, CLASS C SHARES
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 28,050,077
<INVESTMENTS-AT-VALUE> 28,895,968
<RECEIVABLES> 489,270
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,385,238
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 232,894
<TOTAL-LIABILITIES> 232,894
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 28,828,337
<SHARES-COMMON-STOCK> 4,123
<SHARES-COMMON-PRIOR> 10
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (521,884)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 845,891
<NET-ASSETS> 40,997
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,643,817
<OTHER-INCOME> 0
<EXPENSES-NET> 79,477
<NET-INVESTMENT-INCOME> 1,564,340
<REALIZED-GAINS-CURRENT> 870
<APPREC-INCREASE-CURRENT> 636,155
<NET-CHANGE-FROM-OPS> 2,201,365
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 670
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,061
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 52
<NET-CHANGE-IN-ASSETS> 2,201,365
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 67,588
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 390,629
<AVERAGE-NET-ASSETS> 15,789
<PER-SHARE-NAV-BEGIN> 9.74
<PER-SHARE-NII> .52
<PER-SHARE-GAIN-APPREC> .21
<PER-SHARE-DIVIDEND> .53
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.94
<EXPENSE-RATIO> .27
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
registrant's annual report dated June 30, 1997 and is qualified in its entirety
by reference to such financial statements.
</LEGEND>
<CIK> 0000872032
<NAME> TAX-FREE FUND FOR UTAH, CLASS Y SHARES
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 28,050,077
<INVESTMENTS-AT-VALUE> 28,895,968
<RECEIVABLES> 489,270
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,385,238
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 232,894
<TOTAL-LIABILITIES> 232,894
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 28,828,337
<SHARES-COMMON-STOCK> 4,105
<SHARES-COMMON-PRIOR> 10
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (521,884)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 845,891
<NET-ASSETS> 40,847
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,643,817
<OTHER-INCOME> 0
<EXPENSES-NET> 79,477
<NET-INVESTMENT-INCOME> 1,564,340
<REALIZED-GAINS-CURRENT> 870
<APPREC-INCREASE-CURRENT> 636,155
<NET-CHANGE-FROM-OPS> 2,201,365
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 425
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,094
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 1
<NET-CHANGE-IN-ASSETS> 2,201,365
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 67,588
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 390,629
<AVERAGE-NET-ASSETS> 7,765
<PER-SHARE-NAV-BEGIN> 9.74
<PER-SHARE-NII> .61
<PER-SHARE-GAIN-APPREC> .21
<PER-SHARE-DIVIDEND> .62
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.94
<EXPENSE-RATIO> .07
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
