PREMIER INSURED MUNICIPAL BOND FUND
NSAR-A, 1996-03-25
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<PAGE>      PAGE  1
000 A000000 01/31/96
000 C000000 0000902976
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 PREMIER INSURED MUNICIPAL BOND FUND
001 B000000 811-7682
001 C000000 2129226805
002 A000000 200 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10166
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  6
007 C010100  1
007 C020100 NATIONAL SERIES
007 C030100 N
007 C010200  2
007 C020200 CALIFORNIA SERIES
007 C030200 N
007 C010300  3
007 C020300 CONNECTICUT SERIES
007 C030300 N
007 C010400  4
007 C020400 FLORIDA SERIES
007 C030400 N
007 C010500  5
007 C020500 NEW JERSEY SERIES
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007 C010600  6
007 C020600 NEW YORK SERIES
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007 C011000 10
012 A00AA01 DREYFUS TRANSFER, INC.
012 B00AA01 85-11312
012 C01AA01 PROVIDENCE
012 C02AA01 RI
012 C03AA01 02903
012 C04AA01 9671
018  00AA00 Y
<PAGE>      PAGE  2
019 A00AA00 Y
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019 C00AA00 DREYFUSFAM
022 A000001 PAINEWEBBER INCORPORATED
022 B000001 13-2638166
022 C000001     14550
022 D000001     15850
022 A000002 SMITH BARNEY INC.
022 B000002 13-1912900
022 C000002      5557
022 D000002      5100
022 A000003 REINOSO AND COMPANY, INCORPORATED
022 B000003 13-3318919
022 C000003      2274
022 D000003      4429
022 A000004 PRUDENTIAL SECURITIES INCORPORATED
022 B000004 22-2347336
022 C000004      5068
022 D000004         0
022 A000005 LEHMAN BROTHERS INC.
022 B000005 13-2518466
022 C000005      2100
022 D000005      2100
022 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000006 13-5674085
022 C000006      3040
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022 A000007 FLEET SECURITIES, INC.
022 B000007 13-3217611
022 C000007      2467
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022 A000008 EDWARDS (A.G.) & SONS, INC.
022 B000008 43-0895447
022 C000008      2194
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022 A000009 GOLDMAN, SACHS & CO.
022 B000009 13-5108880
022 C000009      1903
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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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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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070 Q020500 N
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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034  000600 Y
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<PAGE>      PAGE  22
062 A000600 Y
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062 O000600  97.0
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063 B000600 25.9
064 A000600 Y
064 B000600 N
070 A010600 Y
070 A020600 N
070 B010600 N
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 Y
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
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070 L010600 N
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<PAGE>      PAGE  23
070 O020600 Y
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073 A010600   0.0000
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<PAGE>      PAGE  24
074 D000600    14947
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074 Y000600        0
075 A000600        0
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076  000600     0.00
SIGNATURE   JOHN J. PYBURN                               
TITLE       ASSISTANT TREASURER 
 


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<PER-SHARE-NAV-END>                              12.37
<EXPENSE-RATIO>                                   .022
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000902976
<NAME> PREMIER INSURED MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 007
   <NAME> CONNECTICUT SERIES-CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JAN-31-1996
<INVESTMENTS-AT-COST>                            30908
<INVESTMENTS-AT-VALUE>                           32816
<RECEIVABLES>                                     1839
<ASSETS-OTHER>                                     158
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   34813
<PAYABLE-FOR-SECURITIES>                          2575
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           79
<TOTAL-LIABILITIES>                               2654
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         30158
<SHARES-COMMON-STOCK>                              995
<SHARES-COMMON-PRIOR>                              961
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                             92
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          1909
<NET-ASSETS>                                     32159
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  877
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     194
<NET-INVESTMENT-INCOME>                            683
<REALIZED-GAINS-CURRENT>                           112
<APPREC-INCREASE-CURRENT>                         1226
<NET-CHANGE-FROM-OPS>                             2021
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (311)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             82
<NUMBER-OF-SHARES-REDEEMED>                       (60)
<SHARES-REINVESTED>                                 11
<NET-CHANGE-IN-ASSETS>                            3096
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         (20)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               85
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    231
<AVERAGE-NET-ASSETS>                             13142
<PER-SHARE-NAV-BEGIN>                            12.95
<PER-SHARE-NII>                                    .31
<PER-SHARE-GAIN-APPREC>                            .57
<PER-SHARE-DIVIDEND>                             (.31)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.52
<EXPENSE-RATIO>                                   .010
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000902976
<NAME> PREMIER INSURED MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 008
   <NAME> CONNECTICUT SERIES-CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JAN-31-1996
<INVESTMENTS-AT-COST>                            30908
<INVESTMENTS-AT-VALUE>                           32816
<RECEIVABLES>                                     1839
<ASSETS-OTHER>                                     158
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   34813
<PAYABLE-FOR-SECURITIES>                          2575
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           79
<TOTAL-LIABILITIES>                               2654
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         30158
<SHARES-COMMON-STOCK>                             1383
<SHARES-COMMON-PRIOR>                             1282
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                             92
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          1909
<NET-ASSETS>                                     32159
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  877
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     194
<NET-INVESTMENT-INCOME>                            683
<REALIZED-GAINS-CURRENT>                           112
<APPREC-INCREASE-CURRENT>                         1226
<NET-CHANGE-FROM-OPS>                             2021
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (372)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            129
<NUMBER-OF-SHARES-REDEEMED>                       (45)
<SHARES-REINVESTED>                                 18
<NET-CHANGE-IN-ASSETS>                            3096
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         (20)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               85
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    231
<AVERAGE-NET-ASSETS>                             17692
<PER-SHARE-NAV-BEGIN>                            12.96
<PER-SHARE-NII>                                    .28
<PER-SHARE-GAIN-APPREC>                            .57
<PER-SHARE-DIVIDEND>                             (.28)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.53
<EXPENSE-RATIO>                                   .015
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000902976
<NAME> PREMIER INSURED MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 009
   <NAME> CONNECTICUT SERIES-CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JAN-31-1996
<INVESTMENTS-AT-COST>                            30908
<INVESTMENTS-AT-VALUE>                           32816
<RECEIVABLES>                                     1839
<ASSETS-OTHER>                                     158
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   34813
<PAYABLE-FOR-SECURITIES>                          2575
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           79
<TOTAL-LIABILITIES>                               2654
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         30158
<SHARES-COMMON-STOCK>                               75
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                             92
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          1909
<NET-ASSETS>                                     32159
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  877
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     194
<NET-INVESTMENT-INCOME>                            683
<REALIZED-GAINS-CURRENT>                           112
<APPREC-INCREASE-CURRENT>                         1226
<NET-CHANGE-FROM-OPS>                             2021
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                            3096
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         (20)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               85
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    231
<AVERAGE-NET-ASSETS>                                 1
<PER-SHARE-NAV-BEGIN>                            13.43
<PER-SHARE-NII>                                    .08
<PER-SHARE-GAIN-APPREC>                            .09
<PER-SHARE-DIVIDEND>                             (.08)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.52
<EXPENSE-RATIO>                                   .020
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000902976
<NAME> PREMIER INSURED MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 010
   <NAME> FLORIDA SERIES-CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JAN-31-1996
<INVESTMENTS-AT-COST>                            39459
<INVESTMENTS-AT-VALUE>                           43043
<RECEIVABLES>                                      611
<ASSETS-OTHER>                                      11
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   43665
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         2821
<TOTAL-LIABILITIES>                               2821
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         37275
<SHARES-COMMON-STOCK>                             1424
<SHARES-COMMON-PRIOR>                             1495
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (15)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          3584
<NET-ASSETS>                                     19760
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 1195
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     244
<NET-INVESTMENT-INCOME>                            951
<REALIZED-GAINS-CURRENT>                           (2)
<APPREC-INCREASE-CURRENT>                         2474
<NET-CHANGE-FROM-OPS>                             3423
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (485)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             82
<NUMBER-OF-SHARES-REDEEMED>                      (163)
<SHARES-REINVESTED>                                 11
<NET-CHANGE-IN-ASSETS>                              28
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         (14)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              115
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    300
<AVERAGE-NET-ASSETS>                             20116
<PER-SHARE-NAV-BEGIN>                            13.07
<PER-SHARE-NII>                                    .32
<PER-SHARE-GAIN-APPREC>                            .80
<PER-SHARE-DIVIDEND>                             (.32)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.87
<EXPENSE-RATIO>                                   .009
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000902976
<NAME> PREMIER INSURED MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 011
   <NAME> FLORIDA SERIES-CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JAN-31-1996
<INVESTMENTS-AT-COST>                            39459
<INVESTMENTS-AT-VALUE>                           43043
<RECEIVABLES>                                      611
<ASSETS-OTHER>                                      11
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   43665
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         2821
<TOTAL-LIABILITIES>                               2821
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         37275
<SHARES-COMMON-STOCK>                             1520
<SHARES-COMMON-PRIOR>                             1627
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (15)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          3584
<NET-ASSETS>                                     21083
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 1195
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     244
<NET-INVESTMENT-INCOME>                            951
<REALIZED-GAINS-CURRENT>                           (2)
<APPREC-INCREASE-CURRENT>                         2474
<NET-CHANGE-FROM-OPS>                             3423
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (465)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             94
<NUMBER-OF-SHARES-REDEEMED>                      (210)
<SHARES-REINVESTED>                                  8
<NET-CHANGE-IN-ASSETS>                              28
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         (14)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              115
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    300
<AVERAGE-NET-ASSETS>                             21428
<PER-SHARE-NAV-BEGIN>                            13.08
<PER-SHARE-NII>                                    .29
<PER-SHARE-GAIN-APPREC>                            .80
<PER-SHARE-DIVIDEND>                             (.29)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.88
<EXPENSE-RATIO>                                   .014
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000902976
<NAME> PREMIER INSURED MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 012
   <NAME> FLORIDA SERIES-CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JAN-31-1996
<INVESTMENTS-AT-COST>                            39459
<INVESTMENTS-AT-VALUE>                           43043
<RECEIVABLES>                                      611
<ASSETS-OTHER>                                      11
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   43665
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         2821
<TOTAL-LIABILITIES>                               2821
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         37275
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (15)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          3584
<NET-ASSETS>                                         1
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 1195
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     244
<NET-INVESTMENT-INCOME>                            951
<REALIZED-GAINS-CURRENT>                           (2)
<APPREC-INCREASE-CURRENT>                         2474
<NET-CHANGE-FROM-OPS>                             3423
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                              28
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         (14)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              115
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    300
<AVERAGE-NET-ASSETS>                                 1
<PER-SHARE-NAV-BEGIN>                            13.76
<PER-SHARE-NII>                                    .09
<PER-SHARE-GAIN-APPREC>                            .11
<PER-SHARE-DIVIDEND>                             (.09)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.87
<EXPENSE-RATIO>                                   .019
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000902976
<NAME> PREMIER INSURED MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 013
   <NAME> NEW JERSEY SERIES-CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JAN-31-1996
<INVESTMENTS-AT-COST>                            12467
<INVESTMENTS-AT-VALUE>                           13302
<RECEIVABLES>                                      126
<ASSETS-OTHER>                                     762
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   14190
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           46
<TOTAL-LIABILITIES>                                 46
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         13316
<SHARES-COMMON-STOCK>                              402
<SHARES-COMMON-PRIOR>                              392
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            (7)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           835
<NET-ASSETS>                                      5340
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  373
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      92
<NET-INVESTMENT-INCOME>                            281
<REALIZED-GAINS-CURRENT>                           (1)
<APPREC-INCREASE-CURRENT>                          595
<NET-CHANGE-FROM-OPS>                              875
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (120)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             46
<NUMBER-OF-SHARES-REDEEMED>                       (41)
<SHARES-REINVESTED>                                  5
<NET-CHANGE-IN-ASSETS>                            2312
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          (5)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               36
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    100
<AVERAGE-NET-ASSETS>                              5197
<PER-SHARE-NAV-BEGIN>                            12.71
<PER-SHARE-NII>                                    .30
<PER-SHARE-GAIN-APPREC>                            .58
<PER-SHARE-DIVIDEND>                             (.30)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.29
<EXPENSE-RATIO>                                   .011
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000902976
<NAME> PREMIER INSURED MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 014
   <NAME> NEW JERSEY SERIES-CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JAN-31-1996
<INVESTMENTS-AT-COST>                            12467
<INVESTMENTS-AT-VALUE>                           13302
<RECEIVABLES>                                      126
<ASSETS-OTHER>                                     762
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   14190
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           46
<TOTAL-LIABILITIES>                                 46
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         13316
<SHARES-COMMON-STOCK>                              662
<SHARES-COMMON-PRIOR>                              539
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            (7)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           835
<NET-ASSETS>                                      8803
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  373
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      92
<NET-INVESTMENT-INCOME>                            281
<REALIZED-GAINS-CURRENT>                           (1)
<APPREC-INCREASE-CURRENT>                          595
<NET-CHANGE-FROM-OPS>                              875
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (161)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            136
<NUMBER-OF-SHARES-REDEEMED>                       (19)
<SHARES-REINVESTED>                                  6
<NET-CHANGE-IN-ASSETS>                            2312
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          (5)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               36
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    100
<AVERAGE-NET-ASSETS>                              7861
<PER-SHARE-NAV-BEGIN>                            12.71
<PER-SHARE-NII>                                    .27
<PER-SHARE-GAIN-APPREC>                            .58
<PER-SHARE-DIVIDEND>                             (.27)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.29
<EXPENSE-RATIO>                                   .016
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000902976
<NAME> PREMIER INSURED MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 015
   <NAME> NEW JERSEY SERIES-CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
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<NET-INVESTMENT-INCOME>                            281
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000902976
<NAME> PREMIER INSURED MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 016
   <NAME> NEW YORK SERIES-CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JAN-31-1996
<INVESTMENTS-AT-COST>                            14129
<INVESTMENTS-AT-VALUE>                           14947
<RECEIVABLES>                                      335
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         14606
<SHARES-COMMON-STOCK>                              408
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<NUMBER-OF-SHARES-SOLD>                             52
<NUMBER-OF-SHARES-REDEEMED>                       (26)
<SHARES-REINVESTED>                                  6
<NET-CHANGE-IN-ASSETS>                            4009
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         (13)
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<PER-SHARE-NII>                                    .30
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<PER-SHARE-DIVIDEND>                             (.30)
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000902976
<NAME> PREMIER INSURED MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 017
   <NAME> NEW YORK SERIES-CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JAN-31-1996
<INVESTMENTS-AT-COST>                            14129
<INVESTMENTS-AT-VALUE>                           14947
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<ASSETS-OTHER>                                     195
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<SENIOR-LONG-TERM-DEBT>                              0
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<SHARES-COMMON-STOCK>                              738
<SHARES-COMMON-PRIOR>                              518
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (13)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           818
<NET-ASSETS>                                      9931
<DIVIDEND-INCOME>                                    0
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<EXPENSE-RATIO>                                   .016
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000902976
<NAME> PREMIER INSURED MUNICIPAL BOND FUND
<SERIES>
   <NUMBER> 018
   <NAME> NEW YORK SERIES-CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JAN-31-1996
<INVESTMENTS-AT-COST>                            14129
<INVESTMENTS-AT-VALUE>                           14947
<RECEIVABLES>                                      335
<ASSETS-OTHER>                                     195
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   15477
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<SENIOR-LONG-TERM-DEBT>                              0
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                                0
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<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (13)
<OVERDISTRIBUTION-GAINS>                             0
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<DIVIDEND-INCOME>                                    0
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<EXPENSES-NET>                                      99
<NET-INVESTMENT-INCOME>                            287
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                          721
<NET-CHANGE-FROM-OPS>                             1008
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
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<NUMBER-OF-SHARES-SOLD>                              0
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<NET-CHANGE-IN-ASSETS>                            4009
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         (13)
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<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    106
<AVERAGE-NET-ASSETS>                                 1
<PER-SHARE-NAV-BEGIN>                            13.39
<PER-SHARE-NII>                                    .08
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<PER-SHARE-DIVIDEND>                             (.08)
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<PER-SHARE-NAV-END>                              13.46
<EXPENSE-RATIO>                                   .020
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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