PREMIER INSURED MUNICIPAL BOND FUND
NSAR-A, 1997-03-31
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<PAGE>      PAGE  1
000 A000000 01/31/97
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 2129226806
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
007 C030500 N
007 C010600  6
007 C020600 NEW YORK SERIES
007 C030600 N
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
015 A00AA01 THE BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10286
015 E01AA01 X
015 A00AA02 BANKERS TRUST COMPANY
<PAGE>      PAGE  2
015 B00AA02 S
015 C01AA02 NEW YORK
015 C02AA02 NY
015 C03AA02 10015
015 E01AA02 X
015 A00AA03 CHASE MANHATTAN BANK
015 B00AA03 S
015 C01AA03 NEW YORK
015 C02AA03 NY
015 C03AA03 10041
015 E01AA03 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00  152
019 C00AA00 DREYFUSFAM
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020 C000002      0
020 C000003      0
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020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
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020 C000010      0
021  000000        0
022 A000001 PAINEWEBBER INCORPORATED
022 B000001 13-2638166
022 C000001     36434
022 D000001     34058
022 A000002 SMITH BARNEY INC.
022 B000002 13-1912900
022 C000002     12688
022 D000002      8413
022 A000003 LEHMAN BROTHERS INC.
022 B000003 13-2518466
022 C000003      6141
022 D000003     11781
022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000004 13-5674085
022 C000004      3000
022 D000004      6191
022 A000005 MORGAN STANLEY & CO. INCORPORATED
022 B000005 13-2655998
022 C000005      2837
022 D000005      1400
022 A000006 REINOSO AND COMPANY, INCORPORATED
022 B000006 13-3318919
022 C000006         0
022 D000006      3854
022 A000007 EDWARDS (A.G.) & SONS, INC.
<PAGE>      PAGE  3
022 B000007 43-0895447
022 C000007       951
022 D000007      2772
022 A000008 GOLDMAN, SACHS & CO.
022 B000008 13-5108880
022 C000008      2075
022 D000008      1100
022 A000009 PRUDENTIAL SECURITIES INCORPORATED
022 B000009 22-2347336
022 C000009      1949
022 D000009       488
022 A000010 PIPER JAFFRAY INC.
022 B000010 41-0953246
022 C000010       909
022 D000010      1456
023 C000000      72654
023 D000000      78027
026 A000000 Y
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026 C000000 N
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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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070 I010200 N
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070 L010200 N
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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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<PAGE>      PAGE  19
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062 O000500  95.0
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<PAGE>      PAGE  20
063 B000500 24.0
064 A000500 Y
064 B000500 N
070 A010500 Y
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070 B010500 N
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070 D010500 N
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 Y
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070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
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070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
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<PAGE>      PAGE  21
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073 A010500   0.0000
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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050  000600 N
051  000600 N
052  000600 N
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062 A000600 Y
062 B000600   0.0
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062 I000600   0.0
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064 A000600 Y
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070 A010600 Y
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070 D010600 N
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<PAGE>      PAGE  24
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 N
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
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<PAGE>      PAGE  25
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073 A010600   0.0000
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SIGNATURE   RICHARD W. INGRAM                            
TITLE       V.P./ASST. TREASURER
 


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<PER-SHARE-NAV-BEGIN>                            11.97
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<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.11
<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> 007
   <NAME> CONNECTICUT SERIES-CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-END>                               JAN-31-1997
<INVESTMENTS-AT-COST>                            26534
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<PAID-IN-CAPITAL-COMMON>                         27078
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<SHARES-COMMON-PRIOR>                              857
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<ACCUM-APPREC-OR-DEPREC>                          1032
<NET-ASSETS>                                     10465
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  807
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<EXPENSES-NET>                                     200
<NET-INVESTMENT-INCOME>                            607
<REALIZED-GAINS-CURRENT>                          (90)
<APPREC-INCREASE-CURRENT>                          342
<NET-CHANGE-FROM-OPS>                              859
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<DISTRIBUTIONS-OF-INCOME>                        (248)
<DISTRIBUTIONS-OF-GAINS>                          (24)
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<NUMBER-OF-SHARES-REDEEMED>                       (96)
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<NET-CHANGE-IN-ASSETS>                           (603)
<ACCUMULATED-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                            12.98
<PER-SHARE-NII>                                    .30
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<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> 008
   <NAME> CONNECTICUT SERIES-CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-END>                               JAN-31-1997
<INVESTMENTS-AT-COST>                            26534
<INVESTMENTS-AT-VALUE>                           27566
<RECEIVABLES>                                      315
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<SHARES-COMMON-PRIOR>                             1335
<ACCUMULATED-NII-CURRENT>                            0
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<ACCUM-APPREC-OR-DEPREC>                          1032
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<DIVIDEND-INCOME>                                    0
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<EXPENSES-NET>                                     200
<NET-INVESTMENT-INCOME>                            607
<REALIZED-GAINS-CURRENT>                          (90)
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<NET-CHANGE-FROM-OPS>                              859
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (355)
<DISTRIBUTIONS-OF-GAINS>                          (39)
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<NUMBER-OF-SHARES-SOLD>                             48
<NUMBER-OF-SHARES-REDEEMED>                       (79)
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<NET-CHANGE-IN-ASSETS>                           (603)
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<ACCUMULATED-GAINS-PRIOR>                           64
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<PER-SHARE-NAV-BEGIN>                            12.98
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<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> 009
   <NAME> CONNECTICUT SERIES-CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-END>                               JAN-31-1997
<INVESTMENTS-AT-COST>                            26534
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<SHARES-COMMON-PRIOR>                               13
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<ACCUM-APPREC-OR-DEPREC>                          1032
<NET-ASSETS>                                       248
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  807
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<REALIZED-GAINS-CURRENT>                          (90)
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<NET-CHANGE-FROM-OPS>                              859
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<DISTRIBUTIONS-OF-INCOME>                          (4)
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<NUMBER-OF-SHARES-SOLD>                              9
<NUMBER-OF-SHARES-REDEEMED>                        (4)
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<NET-CHANGE-IN-ASSETS>                           (603)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                           64
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-EXPENSE>                                    200
<AVERAGE-NET-ASSETS>                               225
<PER-SHARE-NAV-BEGIN>                            12.98
<PER-SHARE-NII>                                    .25
<PER-SHARE-GAIN-APPREC>                            .11
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.06
<EXPENSE-RATIO>                                   .018
<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-31-1997
<PERIOD-END>                               JAN-31-1997
<INVESTMENTS-AT-COST>                            28967
<INVESTMENTS-AT-VALUE>                           30391
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<SHARES-COMMON-STOCK>                             1130
<SHARES-COMMON-PRIOR>                             1244
<ACCUMULATED-NII-CURRENT>                            0
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<ACCUM-APPREC-OR-DEPREC>                          1425
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<NUMBER-OF-SHARES-REDEEMED>                      (164)
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<NET-CHANGE-IN-ASSETS>                          (3893)
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<RETURNS-OF-CAPITAL>                                 0
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<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> 011
   <NAME> FLORIDA SERIES-CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-END>                               JAN-31-1997
<INVESTMENTS-AT-COST>                            28967
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<SHARES-COMMON-STOCK>                             1224
<SHARES-COMMON-PRIOR>                             1371
<ACCUMULATED-NII-CURRENT>                            0
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<ACCUM-APPREC-OR-DEPREC>                          1425
<NET-ASSETS>                                     16031
<DIVIDEND-INCOME>                                    0
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<NET-CHANGE-IN-ASSETS>                          (3893)
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<ACCUMULATED-GAINS-PRIOR>                          530
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<PER-SHARE-NAV-END>                              13.10
<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> 012
   <NAME> FLORIDA SERIES-CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-END>                               JAN-31-1997
<INVESTMENTS-AT-COST>                            28967
<INVESTMENTS-AT-VALUE>                           30391
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<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
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<SHARES-COMMON-STOCK>                                0
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<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          1425
<NET-ASSETS>                                         1
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  915
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<NET-INVESTMENT-INCOME>                            688
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<NET-CHANGE-FROM-OPS>                              775
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<NET-CHANGE-IN-ASSETS>                          (3893)
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<PER-SHARE-NAV-END>                              13.09
<EXPENSE-RATIO>                                   .017
<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-31-1997
<PERIOD-END>                               JAN-31-1997
<INVESTMENTS-AT-COST>                            12885
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<NET-INVESTMENT-INCOME>                            279
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<EXPENSE-RATIO>                                   .012
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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> 014
   <NAME> NEW JERSEY SERIES-CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-END>                               JAN-31-1997
<INVESTMENTS-AT-COST>                            12885
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<SHARES-COMMON-STOCK>                              692
<SHARES-COMMON-PRIOR>                              697
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<OVERDISTRIBUTION-NII>                               0
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<NET-ASSETS>                                      8808
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<AVERAGE-NET-ASSETS>                              8975
<PER-SHARE-NAV-BEGIN>                            12.79
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<PER-SHARE-GAIN-APPREC>                           .070
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.72
<EXPENSE-RATIO>                                   .017
<AVG-DEBT-OUTSTANDING>                               0
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</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>
<PERIOD-TYPE>                   6-MOS
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<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> 016
   <NAME> NEW YORK SERIES-CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-END>                               JAN-31-1997
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</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-31-1997
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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-31-1997
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<EXPENSE-RATIO>                                   .020
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</TABLE>


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