MUNICIPAL PARTNERS FUND INC
NSAR-B, 1998-03-02
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001 A000000 MUNICIPAL PARTNERS FUND INC.
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002 A000000 7 WORLD TRADE CENTER
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008 D020001 NY
008 D030001 10048
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008 D020002 CA
008 D030002 92660
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011 C020001 NY
011 C030001 10281
011 A000002 SALOMON BROTHERS INC
011 B000002 8-26920
<PAGE>      PAGE  2
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011 C020002 NY
011 C030002 10048
012 A000001 STATE STREET BANK AND TRUST COMPANY
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022 A000008 GREENWICH PARTNERS INC.
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SIGNATURE   ALAN M. MANDEL                               
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000894351
<NAME> MUNICIPAL PARTNERS FUND INC.
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      116,025,651
<INVESTMENTS-AT-VALUE>                     123,739,107
<RECEIVABLES>                                1,843,444
<ASSETS-OTHER>                                  36,897
<OTHER-ITEMS-ASSETS>                            14,282
<TOTAL-ASSETS>                             125,633,730
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      147,859
<TOTAL-LIABILITIES>                            147,859
<SENIOR-EQUITY>                             40,000,000
<PAID-IN-CAPITAL-COMMON>                    79,679,271
<SHARES-COMMON-STOCK>                        5,757,094
<SHARES-COMMON-PRIOR>                        5,757,094
<ACCUMULATED-NII-CURRENT>                      394,026
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (2,300,882)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     7,713,456
<NET-ASSETS>                                85,485,871<F1>
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            7,231,002
<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                      6,128,607
<REALIZED-GAINS-CURRENT>                       911,206
<APPREC-INCREASE-CURRENT>                    4,003,941
<NET-CHANGE-FROM-OPS>                       11,043,754
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    6,110,803<F2>
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<ACCUMULATED-GAINS-PRIOR>                  (3,212,088)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          730,635
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,102,395
<AVERAGE-NET-ASSETS>                        82,008,907
<PER-SHARE-NAV-BEGIN>                            13.99
<PER-SHARE-NII>                                   1.06
<PER-SHARE-GAIN-APPREC>                            .86
<PER-SHARE-DIVIDEND>                              1.06<F3>
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.85
<EXPENSE-RATIO>                                   1.34<F4>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Applicable to common stock.
<F2>Including preferred dividends of $1,516,642.
<F3>Including preferred dividends of $.26 per common share.
<F4>Annualized and excluding preferred dividends of 1.85%.
</FN>
        

</TABLE>

February 23, 1998
To the Shareholders and 
Board of Directors of
Municipal Partners Fund
 Inc.

In planning and performing 
our audit of the financial 
statements of Municipal 
Partners Fund Inc. 
(the "Fund") for the year 
ended December 31, 1997, 
we considered its internal 
control, including control 
activities for safeguarding 
securities, in order to 
determine our auditing 
procedures for the purpose 
of expressing our opinion 
on the financial statements 
and to comply with the 
requirements of Form 
N-SAR, not to provide 
assurance on internal 
control.The management 
of the Fund is responsible 
for establishing and 
maintaining internal control.  
In fulfilling this responsibility, 
estimates and judgments by 
management are required to 
assess the expected benefits 
and related costs of control 
activities.  Generally, 
control activities that are 
relevant to an audit pertain 
to the entity's objective of 
preparing financial 
statements for external 
purposes that are fairly 
presented in conformity 
with generally accepted 
accounting principles.  
Those control activities 
include the safeguarding 
of assets against 
unauthorized acquisition,
 use or disposition.Because 
of inherent limitations in 
internal control, errors or 
irregularities may occur and 
not be detected.  Also, 
projection of any evaluation 
of internal control to future 
periods is subject to the risk 
that it may become 
inadequate because of changes 
in conditions or that the 
effectiveness of the design 
and operation may 
deteriorate.Our consideration 
of internal control would 
not necessarily disclose all 
matters in internal control 
that might be material 
weaknesses under standards 
established by the American 
Institute of Certified Public 
Accountants.  A material 
weakness is a condition 
in which the design or 
operation of any specific 
internal control components 
does not reduce to a 
relatively low level the risk 
that errors or irregularities 
in amounts that would be 
material in relation to the 
financial statements being 
audited may occur and not 
be detected within a timely 
period by employees in the 
normal course of performing 
their assigned functions.  
However, we noted no 
matters involving internal 
control, including control 
activities for safeguarding 
securities, that we consider 
to be material weaknesses 
as defined above as of 
December 31, 1997.
This report is intended solely 
for the information and use 
of management and the Board 
of Directors of the Fund and 
the Securities and Exchange 
Commission.

PRICE WATERHOUSE LLP











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