GRADISON MCDONALD MUNICIPAL CUSTODIAN TRUST
NSAR-A, 1999-02-23
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<PAGE>      PAGE  1
000 A000000 12/31/98
000 C000000 0000888850
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001 A000000 GRADISON-MC DONALD MUNICIPAL CUSTODIAN TRUST
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002 A000000 580 WALNUT STREET
002 B000000 CINCINNATI
002 C000000 OH
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002 D020000 3198
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004  000000 N
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007 C020100 GRADISON OHIO TAX FREE INCOME FUND
007 C030100 N
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008 D04AA01 3198
011 A00AA01 MCDONALD INVESTMENTS, INC.
011 B00AA01 8-30177
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011 C04AA01 3198
012 A00AA01 MCDONALD INVESTMENTS, INC.
012 B00AA01 84-01399
012 C01AA01 CINCINNATI
<PAGE>      PAGE  2
012 C02AA01 OH
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013 A00AA01 ARTHUR ANDERSEN LLP
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013 B03AA01 45202
014 A00AA01 MCDONALD INVESTMENTS, INC.
014 B00AA01 8-30177
015 A00AA01 STAR BANK N.A.
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015 B00AA02 S
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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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SIGNATURE   MARK A. FRIETCH                              
TITLE       ASST TREASURER      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000888850
<NAME> GRADISON-MCDONALD MUNICIPAL CUSTODIAN TRUST
<SERIES>
   <NUMBER> 1
   <NAME> GRADISON OHIO TAX-FREE INCOME FUND
       
<S>                             <C>
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</TABLE>


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