TRUST FOR SHORT TERM U S GOVERNMENT SECURITIES
NSAR-B, 1998-01-29
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<PAGE>      PAGE  1
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<PAGE>      PAGE  2
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022 A000010 LEHMAN BROTHERS, INC.
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SIGNATURE   S. ELLIOT COHAN                              
TITLE       ASST. GEN COUNSEL   
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   001                                            
     <NAME>                     Trust for Short-Term U.S. Government Securitie 
                                                                               
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Nov-30-1997                                    
<PERIOD-END>                    Nov-30-1997                                    
<INVESTMENTS-AT-COST>           702,412,556                                    
<INVESTMENTS-AT-VALUE>          702,412,556                                    
<RECEIVABLES>                   1,915,754                                      
<ASSETS-OTHER>                  92,746                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  704,421,056                                    
<PAYABLE-FOR-SECURITIES>        25,962,880                                     
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       2,470,409                                      
<TOTAL-LIABILITIES>             28,433,289                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        675,987,767                                    
<SHARES-COMMON-STOCK>           675,987,767                                    
<SHARES-COMMON-PRIOR>           844,108,306                                    
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    675,987,767                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               39,688,401                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  3,261,623                                      
<NET-INVESTMENT-INCOME>         36,426,778                                     
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           36,426,778                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       36,426,778                                     
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         2,804,629,799                                  
<NUMBER-OF-SHARES-REDEEMED>     2,978,312,468                                  
<SHARES-REINVESTED>             5,562,130                                      
<NET-CHANGE-IN-ASSETS>          (168,120,539)                                  
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,876,062                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 5,558,952                                      
<AVERAGE-NET-ASSETS>            719,015,432                                    
<PER-SHARE-NAV-BEGIN>           1.000                                          
<PER-SHARE-NII>                 0.050                                          
<PER-SHARE-GAIN-APPREC>         0.000                                          
<PER-SHARE-DIVIDEND>            0.050                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             1.000                                          
<EXPENSE-RATIO>                 0.45                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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