<PAGE> PAGE 1
000 A000000 06/30/96
000 C000000 0000895415
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001 A000000 HYPERION 2005 TERM TRUST, INC.
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010 C010001 NEW YORK
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010 A000002 DELETE
011 A000001 PRUDENTIAL SECURITIES INCORPORATED
011 B000001 8-27154
011 C010001 NEW YORK
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<PAGE> PAGE 2
011 C030001 10292
011 A000002 DELETE
011 A000003 OPPENHEIMER & CO., INC.
011 B000003 8-18333
011 C010003 NEW YORK
011 C020003 NY
011 C030003 10281
011 A000004 KEMPER SECURITIES, INC.
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011 C010004 CHICAGO
011 C020004 IL
011 C030004 60606
011 A000005 SMITH BARNEY SHEARSON, INC.
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011 C010005 NEW YORK
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011 A000006 ADVEST, INC.
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011 C010006 HARTFORD
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<PAGE> PAGE 3
014 A000001 HYPERION DISTRIBUTORS, INC.
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015 A000001 STATE STREET BANK & TRUST COMPANY
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<PAGE> PAGE 4
022 A000007 BEAR, STEARNS & COMPANY
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<PAGE> PAGE 5
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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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<PAGE> PAGE 10
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SIGNATURE JOSEPH SULLIVAN
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000895415
<NAME> HYPERION 2005 INVESTMENT GRADE OPPORTUNITY TERM TRUST INC.
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