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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 5
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 13
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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073 A010500 0.2312
073 A020500 0.0000
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<PAGE> PAGE 21
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SIGNATURE DAVID F HILL
TITLE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<CIK> 0000893565
<NAME> SAFECO TAX EXEMPT BOND TRUST
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<CIK> 0000893565
<NAME> SAFECO TAX EXEMPT BOND TRUST
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<S> <C>
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<PERIOD-START> APR-01-1996
<PERIOD-END> SEP-30-1996
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<OVERDISTRIBUTION-GAINS> 0
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<OTHER-INCOME> 0
<EXPENSES-NET> 36
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<REALIZED-GAINS-CURRENT> (7)
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<PER-SHARE-NAV-BEGIN> 10.34
<PER-SHARE-NII> 0.25
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<AVG-DEBT-OUTSTANDING> 0
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</TABLE>
Attachment 77(I)
SAFECO Municipal Bond Fund, SAFECO Washington Municipal Bond
Fund, and SAFECO California Tax-Free Income Fund, each a
series of the Registrant, began issuing Class A shares of
common stock at $.001 par value on September 30, 1996.
Class A shares are subject to a maximum front end sales
charge of 4.5% declining to zero with an investment of
$1,000,000 or more and carry a 25 basis point service fee.
Each of the three series above also began issuing Class B
shares of common stock at $.001 par value on September 30,
1996. Class B shares are subject to a maximum contingent
deferred sales charge of 5.00% declining to zero over six
years. Class B shares automatically convert to Class A
shares in the first month following the sixth anniversary of
the initial investment. Class B shares carry a 25 basis
point service fee and a 75 basis point distribution fee.
