NORTH CAROLINA DAILY MUNICIPAL INCOME FUND INC
NSAR-A, 1996-04-18
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<PAGE>
000 A000000 02/29/96
000 C000000 876895
000 D000000 N 
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001 A000000 NORTH CAROLINA DAILY MUNICIPAL INCOME FUND,IN
001 B000000 811-6344
001 C000000 2128305200
002 A000000 600 FIFTH AVENUE
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002 C000000 NY
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008 A000001 REICH & TANG ASSET MANAGEMENT L.P.
008 B000001 A
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011 C030001 10020
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012 A000001 INVESTORS FIDUCIARY TRUST COMPANY
012 B000001 84-00000
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64105
<PAGE>
013 A000001 MCGLADREY & PULLEN LLP
013 B010001 NEW YORK
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015 A000001 INVESTORS FIDUCIARY TRUST COMPANY
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015 A000002 MORGAN GUARANTY TRUST COMPANY OF NEW YORK
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015 C030002 10005
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015 A000003 BANKERS TRUST COMPANY
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015 A000004 CHEMICAL BANK
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015 C010004 NEW YORK
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022 A000001 SMITH BARNEY INC.
022 B000001 13-1912900
<PAGE>
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022 A000002 LEHMAN BROTHERS INC.
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022 A000003 GOLDMAN, SACHS & CO.
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022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
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022 A000007 FIRST UNION NATIONAL BANK OF N.C.
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022 A000008 WACHOVIA BANK OF NORTH CAROLINA
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022 A000009 PRUDENTIAL-BACHE SECURITIES INC.
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<PAGE>
015 E010104 X
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>               876895
<NAME>              North Carolina Daily Municipal Income Fund, Inc.
       
<S>                               <C>    
<FISCAL-YEAR-END>             AUG-31-1996
<PERIOD-START>                SEP-01-1995
<PERIOD-END>                  FEB-29-1996
<PERIOD-TYPE>                 SEMI
<INVESTMENTS-AT-COST>         195089593
<INVESTMENTS-AT-VALUE>        195089593
<RECEIVABLES>                 961350
<ASSETS-OTHER>                0
<OTHER-ITEMS-ASSETS>          4216
<TOTAL-ASSETS>                196055160
<PAYABLE-FOR-SECURITIES>      0
<SENIOR-LONG-TERM-DEBT>       0
<OTHER-ITEMS-LIABILITIES>     655380
<TOTAL-LIABILITIES>           655380
<SENIOR-EQUITY>               0
<PAID-IN-CAPITAL-COMMON>      195401404
<SHARES-COMMON-STOCK>         195401404
<SHARES-COMMON-PRIOR>         164260263
<ACCUMULATED-NII-CURRENT>     0
<OVERDISTRIBUTION-NII>        0
<ACCUMULATED-NET-GAINS>       (1625)
<OVERDISTRIBUTION-GAINS>      0
<ACCUM-APPREC-OR-DEPREC>      0
<NET-ASSETS>                  195399779
<DIVIDEND-INCOME>             0
<INTEREST-INCOME>             3378296
<OTHER-INCOME>                0
<EXPENSES-NET>                715671
<NET-INVESTMENT-INCOME>       2662625
<REALIZED-GAINS-CURRENT>      3116
<APPREC-INCREASE-CURRENT>     0
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<EQUALIZATION>                0
<DISTRIBUTIONS-OF-INCOME>     2662625
<DISTRIBUTIONS-OF-GAINS>      0
<DISTRIBUTIONS-OTHER>         0
<NUMBER-OF-SHARES-SOLD>       271530588
<NUMBER-OF-SHARES-REDEEMED>   241719662
<SHARES-REINVESTED>           1330215
<NET-CHANGE-IN-ASSETS>        31144257
<ACCUMULATED-NII-PRIOR>       0
<ACCUMULATED-GAINS-PRIOR>     (4741)
<OVERDISTRIB-NII-PRIOR>       0
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<INTEREST-EXPENSE>            0
<GROSS-EXPENSE>               916484
<AVERAGE-NET-ASSETS>          179824301
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<PER-SHARE-NII>               .02
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</TABLE>


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