GRADISON MCDONALD MUNICIPAL CUSTODIAN TRUST
NSAR-A, 1998-02-25
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<PAGE>      PAGE  1
000 A000000 12/31/97
000 C000000 0000888850
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 GRADISON-MC DONALD MUNICIPAL CUSTODIAN TRUST
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001 C000000 5135795076
002 A000000 580 WALNUT STREET
002 B000000 CINCINNATI
002 C000000 OH
002 D010000 45202
002 D020000 3198
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 GRADISON OHIO TAX FREE INCOME FUND
007 C030100 N
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 A00AA01 MCDONALD & COMPANY SECURITIES, INC.
008 B00AA01 A
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008 D01AA01 CINCINNATI
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008 D03AA01 45202
008 D04AA01 3198
011 A00AA01 MCDONALD & CO SECURITIES, INC.
011 B00AA01 8-30177
011 C01AA01 CINCINNATI
011 C02AA01 OH
011 C03AA01 45202
011 C04AA01 3198
012 A00AA01 MCDONALD & COMPANY SECURITIES INC.
012 B00AA01 84-01399
012 C01AA01 CINCINNATI
<PAGE>      PAGE  2
012 C02AA01 OH
012 C03AA01 45202
013 A00AA01 ARTHUR ANDERSEN LLP
013 B01AA01 CINCINNATI
013 B02AA01 OH
013 B03AA01 45202
014 A00AA01 MC DONALD & COMPANY SECURITIES, INC.
014 B00AA01 8-30177
015 A00AA01 STAR BANK N.A.
015 B00AA01 C
015 C01AA01 CINCINNATI
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015 E01AA01 X
015 A00AA02 BANKERS TRUST
015 B00AA02 S
015 C01AA02 NEW YORK
015 C02AA02 NY
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
069  00AA00 N
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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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SIGNATURE   MARK A. FRIETCH                              
TITLE       ASST TREASURER      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000888850
<NAME> GRADISON MCDONALD MUNICIPAL CUSTODIAN TRUST
       
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