USAA STATE TAX FREE TRUST
NSAR-B, 2000-05-24
Previous: ZYDECO ENERGY INC, 8-K, 2000-05-24
Next: FIDELITY FEDERAL BANCORP, 8-K, 2000-05-24



<PAGE>      PAGE  1
000 B000000 03/31/2000
000 C000000 0000908695
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 USAA STATE TAX-FREE TRUST
001 B000000 811-7852
001 C000000 2104988696
002 A000000 10750 ROBERT F. MCDERMOTT FREEWAY
002 B000000 SAN ANTONIO
002 C000000 TX
002 D010000 78288
002 D020000 0227
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
007 C010100  1
007 C020100 FLORIDA TAX-FREE INCOME FUND
007 C030100 N
007 C010200  2
007 C020200 FLORIDA TAX-FREE MONEY MARKET FUND
007 C030200 N
007 C010300  3
007 C020300 TEXAS TAX-FREE INCOME FUND
007 C030300 N
007 C010400  4
007 C020400 TEXAS TAX-FREE MONEY MARKET FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 USAA INVESTMENT MANAGEMENT COMPANY
008 B00AA01 A
008 C00AA01 801-34462
008 D01AA01 SAN ANTONIO
008 D02AA01 TX
008 D03AA01 78288
008 D04AA01 0227
011 A00AA01 USAA INVESTMENT MANAGEMENT COMPANY
011 B00AA01 8-41241
011 C01AA01 SAN ANTONIO
<PAGE>      PAGE  2
011 C02AA01 TX
011 C03AA01 78288
011 C04AA01 0227
012 A00AA01 USAA TRANSFER AGENCY COMPANY
012 B00AA01 84-1197
012 C01AA01 SAN ANTONIO
012 C02AA01 TX
012 C03AA01 78288
012 C04AA01 0227
013 A00AA01 KPMG LLP
013 B01AA01 SAN ANTONIO
013 B02AA01 TX
013 B03AA01 78205
013 B04AA01 1505
014 A00AA01 USAA INVESTMENT MANAGEMENT COMPANY
014 B00AA01 8-41241
015 A00AA01 STATE STREET BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02105
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   45
019 C00AA00 USAAINVMCO
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 SALOMON SMITH BARNEY INC.
022 B000001 11-2418191
022 C000001     71193
022 D000001     56991
022 A000002 MORGAN STANLEY & CO., INC.
022 B000002 13-2655998
022 C000002     33963
022 D000002     15592
022 A000003 GOLDMAN, SACHS & CO.
022 B000003 13-5108880
022 C000003     39064
022 D000003      9672
022 A000004 HOUGH (WILLIAM R.) & CO.
022 B000004 59-2246010
<PAGE>      PAGE  3
022 C000004     20080
022 D000004     11518
022 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000005 13-5674085
022 C000005      9202
022 D000005     16233
022 A000006 MORGAN (J.P.) SECURITIES INC.
022 B000006 13-3224016
022 C000006     20834
022 D000006      3024
022 A000007 LEHMAN BROTHERS, INC.
022 B000007 13-2518466
022 C000007     18575
022 D000007      4516
022 A000008 FIRST UNION BROKERAGE SERVICES, INC.
022 B000008 56-1252143
022 C000008      9863
022 D000008     12428
022 A000009 U.S. BANCORP PIPER JAFFRAY
022 B000009 41-0953246
022 C000009      3909
022 D000009     12936
022 A000010 PAINE WEBBER, INC.
022 B000010 13-2638166
022 C000010      5380
022 D000010     10644
023 C000000     710221
023 D000000     582187
024  00AA00 N
025 D00AA01       0
025 D00AA02       0
025 D00AA03       0
025 D00AA04       0
025 D00AA05       0
025 D00AA06       0
025 D00AA07       0
025 D00AA08       0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
<PAGE>      PAGE  4
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 N
042 A00AA00   0
042 B00AA00   0
042 C00AA00   0
042 D00AA00   0
042 E00AA00   0
042 F00AA00   0
042 G00AA00   0
042 H00AA00   0
043  00AA00      0
044  00AA00      0
045  00AA00 Y
046  00AA00 N
047  00AA00 Y
048  00AA00  0.000
048 A01AA00    50000
048 A02AA00 0.500
048 B01AA00    50000
048 B02AA00 0.400
048 C01AA00        0
048 C02AA00 0.000
048 D01AA00        0
048 D02AA00 0.000
048 E01AA00        0
048 E02AA00 0.000
048 F01AA00        0
048 F02AA00 0.000
048 G01AA00        0
048 G02AA00 0.000
048 H01AA00        0
048 H02AA00 0.000
048 I01AA00        0
048 I02AA00 0.000
048 J01AA00        0
048 J02AA00 0.000
048 K01AA00   100000
048 K02AA00 0.300
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
<PAGE>      PAGE  5
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00     3000
066 A00AA00 N
067  00AA00 N
068 A00AA00 N
068 B00AA00 N
069  00AA00 N
077 A000000 Y
077 B000000 Y
078  000000 N
080 A00AA00 TRAVELERS PROPERTY CASUALTY AND SURETY CO.
080 C00AA00     9500
081 A00AA00 Y
081 B00AA00  41
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
028 A010100      2285
028 A020100       467
028 A030100         0
028 A040100      5871
028 B010100      3205
028 B020100       523
028 B030100         0
<PAGE>      PAGE  6
028 B040100      3475
028 C010100     12030
028 C020100       484
028 C030100         0
028 C040100      8721
028 D010100      2617
028 D020100       497
028 D030100         0
028 D040100      8356
028 E010100      2046
028 E020100       477
028 E030100         0
028 E040100      2901
028 F010100      2118
028 F020100       467
028 F030100         0
028 F040100      2408
028 G010100     24301
028 G020100      2915
028 G030100         0
028 G040100     31732
028 H000100         0
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 N
055 A000100 Y
055 B000100 N
056  000100 Y
057  000100 N
062 A000100 Y
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   4.3
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100  98.4
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100   0
063 B000100 19.2
<PAGE>      PAGE  7
064 A000100 Y
064 B000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100    110791
071 B000100    106489
071 C000100    170874
071 D000100   62
072 A000100 12
072 B000100    10079
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100      622
072 G000100        0
072 H000100        0
072 I000100       90
<PAGE>      PAGE  8
072 J000100       66
072 K000100       12
072 L000100        6
072 M000100        5
072 N000100        1
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100       24
072 S000100        8
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100        3
072 X000100      837
072 Y000100        0
072 Z000100     9242
072AA000100        0
072BB000100     7482
072CC010100        0
072CC020100     9330
072DD010100     9242
072DD020100        0
072EE000100        0
073 A010100   0.4912
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100       57
074 B000100        0
074 C000100     7200
074 D000100   167508
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100     3603
074 M000100        0
074 N000100   178368
074 O000100     7807
074 P000100       51
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100      348
074 S000100        0
074 T000100   170162
<PAGE>      PAGE  9
074 U010100    18613
074 U020100        0
074 V010100     9.14
074 V020100     0.00
074 W000100   0.0000
074 X000100     2658
074 Y000100    19975
075 A000100        0
075 B000100   175954
076  000100     0.00
028 A010200      6542
028 A020200       220
028 A030200         0
028 A040200      6315
028 B010200      8423
028 B020200       263
028 B030200         0
028 B040200      5688
028 C010200    131218
028 C020200       360
028 C030200         0
028 C040200      7523
028 D010200     11564
028 D020200       301
028 D030200         0
028 D040200    116131
028 E010200      8819
028 E020200       283
028 E030200         0
028 E040200     11863
028 F010200      7199
028 F020200       306
028 F030200         0
028 F040200     12584
028 G010200    173765
028 G020200      1733
028 G030200         0
028 G040200    160104
028 H000200         0
049  000200 N
050  000200 N
051  000200 N
052  000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
055 A000200 N
055 B000200 N
056  000200 Y
057  000200 N
062 A000200 Y
<PAGE>      PAGE  10
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200  99.6
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200  42
063 B000200  0.0
064 A000200 Y
064 B000200 N
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 Y
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
<PAGE>      PAGE  11
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200         0
071 B000200         0
071 C000200         0
071 D000200    0
072 A000200 12
072 B000200     3813
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200      371
072 G000200        0
072 H000200        0
072 I000200       71
072 J000200       52
072 K000200       10
072 L000200        9
072 M000200        5
072 N000200        3
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200       24
072 S000200        8
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200        2
072 X000200      555
072 Y000200       30
072 Z000200     3288
072AA000200        0
072BB000200        0
072CC010200        0
072CC020200        0
072DD010200     3288
072DD020200        0
072EE000200        0
073 A010200   0.0309
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200      349
074 B000200        0
074 C000200   111364
074 D000200        0
<PAGE>      PAGE  12
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200        0
074 L000200      569
074 M000200        0
074 N000200   112282
074 O000200        0
074 P000200       51
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200      436
074 S000200        0
074 T000200   111795
074 U010200   111795
074 U020200        0
074 V010200     1.00
074 V020200     0.00
074 W000200   0.9998
074 X000200     1913
074 Y000200        0
075 A000200   105068
075 B000200        0
076  000200     0.00
028 A010300       494
028 A020300       116
028 A030300         0
028 A040300      1838
028 B010300       780
028 B020300       129
028 B030300         0
028 B040300      1038
028 C010300       198
028 C020300       115
028 C030300         0
028 C040300      2196
028 D010300       187
028 D020300       109
028 D030300         0
028 D040300      1145
028 E010300       164
028 E020300       108
028 E030300         0
028 E040300       687
028 F010300       283
028 F020300       107
<PAGE>      PAGE  13
028 F030300         0
028 F040300       402
028 G010300      2106
028 G020300       684
028 G030300         0
028 G040300      7306
028 H000300         0
049  000300 N
050  000300 N
051  000300 N
052  000300 N
053 A000300 Y
053 B000300 Y
053 C000300 N
055 A000300 Y
055 B000300 N
056  000300 Y
057  000300 N
062 A000300 Y
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300  12.5
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   0.0
062 M000300   0.0
062 N000300   0.0
062 O000300  86.2
062 P000300   0.0
062 Q000300   0.0
062 R000300   0.0
063 A000300   0
063 B000300 16.9
064 A000300 Y
064 B000300 N
070 A010300 Y
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 N
<PAGE>      PAGE  14
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 Y
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 Y
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300     28220
071 B000300     32249
071 C000300     32807
071 D000300   86
072 A000300 12
072 B000300     2024
072 C000300        0
072 D000300        0
072 E000300        0
072 F000300      174
072 G000300        0
072 H000300        0
072 I000300       32
072 J000300       41
072 K000300        4
072 L000300        4
072 M000300        6
072 N000300        5
072 O000300        0
072 P000300        0
072 Q000300        0
072 R000300       20
072 S000300        4
072 T000300        0
072 U000300        0
072 V000300        0
<PAGE>      PAGE  15
072 W000300        2
072 X000300      292
072 Y000300      118
072 Z000300     1850
072AA000300        0
072BB000300     1554
072CC010300        0
072CC020300     1788
072DD010300     1850
072DD020300        0
072EE000300      111
073 A010300   0.5463
073 A020300   0.0000
073 B000300   0.0337
073 C000300   0.0000
074 A000300        1
074 B000300        0
074 C000300     4000
074 D000300    27520
074 E000300        0
074 F000300        0
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300       26
074 K000300        0
074 L000300      473
074 M000300        0
074 N000300    32020
074 O000300        0
074 P000300        4
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300       72
074 S000300        0
074 T000300    31944
074 U010300     3158
074 U020300        0
074 V010300    10.12
074 V020300     0.00
074 W000300   0.0000
074 X000300      907
074 Y000300        0
075 A000300        0
075 B000300    34722
076  000300     0.00
028 A010400       941
028 A020400        18
028 A030400         0
<PAGE>      PAGE  16
028 A040400       582
028 B010400       873
028 B020400        22
028 B030400         0
028 B040400       613
028 C010400       832
028 C020400        24
028 C030400         0
028 C040400       772
028 D010400      1589
028 D020400        21
028 D030400         0
028 D040400       888
028 E010400      1296
028 E020400        22
028 E030400         0
028 E040400       708
028 F010400      1140
028 F020400        26
028 F030400         0
028 F040400      1266
028 G010400      6671
028 G020400       133
028 G030400         0
028 G040400      4829
028 H000400         0
049  000400 N
050  000400 N
051  000400 N
052  000400 N
053 A000400 Y
053 B000400 Y
053 C000400 N
055 A000400 N
055 B000400 N
056  000400 Y
057  000400 N
062 A000400 Y
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
062 E000400  99.6
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400   0.0
062 N000400   0.0
<PAGE>      PAGE  17
062 O000400   0.0
062 P000400   0.0
062 Q000400   0.0
062 R000400   0.0
063 A000400  10
063 B000400  0.0
064 A000400 Y
064 B000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400         0
071 B000400         0
071 C000400         0
071 D000400    0
072 A000400 12
072 B000400      298
072 C000400        0
<PAGE>      PAGE  18
072 D000400        0
072 E000400        0
072 F000400       41
072 G000400        0
072 H000400        0
072 I000400       11
072 J000400       18
072 K000400        2
072 L000400        1
072 M000400        6
072 N000400        3
072 O000400        0
072 P000400        0
072 Q000400        0
072 R000400       20
072 S000400        5
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400        1
072 X000400      108
072 Y000400       68
072 Z000400      258
072AA000400        0
072BB000400        0
072CC010400        0
072CC020400        0
072DD010400      258
072DD020400        0
072EE000400        0
073 A010400   0.0316
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
074 A000400       69
074 B000400        0
074 C000400     9598
074 D000400        0
074 E000400        0
074 F000400        0
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
074 K000400        0
074 L000400       59
074 M000400        0
074 N000400     9726
074 O000400        0
074 P000400        1
074 Q000400        0
<PAGE>      PAGE  19
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400       88
074 S000400        0
074 T000400     9637
074 U010400     9637
074 U020400        0
074 V010400     1.00
074 V020400     0.00
074 W000400   0.9999
074 X000400      391
074 Y000400        0
075 A000400     8117
075 B000400        0
076  000400     0.00
SIGNATURE   MARK S. HOWARD
TITLE       ASSISTANT SECRETARY



<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000908695
<NAME> USAA STATE TAX-FREE TRUST
<SERIES>
   <NUMBER> 1
   <NAME> FLORIDA TAX-FREE INCOME FUND
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                          175,750
<INVESTMENTS-AT-VALUE>                         174,708
<RECEIVABLES>                                    3,603
<ASSETS-OTHER>                                      57
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 178,368
<PAYABLE-FOR-SECURITIES>                         7,807
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          399
<TOTAL-LIABILITIES>                              8,206
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       179,719
<SHARES-COMMON-STOCK>                           18,613
<SHARES-COMMON-PRIOR>                           18,160
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (8,515)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (1,042)
<NET-ASSETS>                                   170,162
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               10,079
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (837)
<NET-INVESTMENT-INCOME>                          9,242
<REALIZED-GAINS-CURRENT>                       (7,482)
<APPREC-INCREASE-CURRENT>                      (9,330)
<NET-CHANGE-FROM-OPS>                          (7,570)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (9,242)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          5,333
<NUMBER-OF-SHARES-REDEEMED>                    (5,515)
<SHARES-REINVESTED>                                635
<NET-CHANGE-IN-ASSETS>                        (11,802)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (1,033)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              622
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    837
<AVERAGE-NET-ASSETS>                           175,954
<PER-SHARE-NAV-BEGIN>                            10.02
<PER-SHARE-NII>                                   0.49
<PER-SHARE-GAIN-APPREC>                         (0.88)
<PER-SHARE-DIVIDEND>                            (0.49)
<PER-SHARE-DISTRIBUTIONS>                          0.0
<RETURNS-OF-CAPITAL>                               0.0
<PER-SHARE-NAV-END>                               9.14
<EXPENSE-RATIO>                                   0.48


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000908695
<NAME> USAA STATE TAX-FREE TRUST
<SERIES>
   <NUMBER> 2
   <NAME> FLORIDA TAX-FREE MONEY MARKET FUND
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                          111,364
<INVESTMENTS-AT-VALUE>                         111,364
<RECEIVABLES>                                      569
<ASSETS-OTHER>                                     349
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 112,282
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          487
<TOTAL-LIABILITIES>                                487
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       111,795
<SHARES-COMMON-STOCK>                          111,795
<SHARES-COMMON-PRIOR>                           98,616
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   111,795
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                3,813
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (525)
<NET-INVESTMENT-INCOME>                          3,288
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                            3,288
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (3,288)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        214,681
<NUMBER-OF-SHARES-REDEEMED>                  (204,546)
<SHARES-REINVESTED>                              3,044
<NET-CHANGE-IN-ASSETS>                          13,179
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              371
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    555
<AVERAGE-NET-ASSETS>                           105,068
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                            (0.03)
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.50


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000908695
<NAME> USAA STATE TAX-FREE TRUST
<SERIES>
   <NUMBER> 3
   <NAME> TEXAS TAX-FREE INCOME FUND
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                           32,289
<INVESTMENTS-AT-VALUE>                          31,520
<RECEIVABLES>                                      499
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  32,020
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           76
<TOTAL-LIABILITIES>                                 76
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        34,268
<SHARES-COMMON-STOCK>                            3,158
<SHARES-COMMON-PRIOR>                            3,140
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (1,555)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         (769)
<NET-ASSETS>                                    31,944
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                2,024
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (174)
<NET-INVESTMENT-INCOME>                          1,850
<REALIZED-GAINS-CURRENT>                       (1,554)
<APPREC-INCREASE-CURRENT>                      (1,788)
<NET-CHANGE-FROM-OPS>                          (1,492)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (1,850)
<DISTRIBUTIONS-OF-GAINS>                         (111)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,135
<NUMBER-OF-SHARES-REDEEMED>                    (1,262)
<SHARES-REINVESTED>                                145
<NET-CHANGE-IN-ASSETS>                         (2,822)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          110
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              174
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    292
<AVERAGE-NET-ASSETS>                            34,722
<PER-SHARE-NAV-BEGIN>                            11.07
<PER-SHARE-NII>                                   0.55
<PER-SHARE-GAIN-APPREC>                         (0.92)
<PER-SHARE-DIVIDEND>                            (0.55)
<PER-SHARE-DISTRIBUTIONS>                       (0.03)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.12
<EXPENSE-RATIO>                                   0.50


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000908695
<NAME> USAA STATE TAX-FREE TRUST
<SERIES>
   <NUMBER> 4
   <NAME> TEXAS TAX-FREE MONEY MARKET FUND
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                            9,598
<INVESTMENTS-AT-VALUE>                           9,598
<RECEIVABLES>                                       59
<ASSETS-OTHER>                                      69
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   9,726
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           89
<TOTAL-LIABILITIES>                                 89
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         9,637
<SHARES-COMMON-STOCK>                            9,637
<SHARES-COMMON-PRIOR>                            7,504
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                     9,637
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  298
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    (40)
<NET-INVESTMENT-INCOME>                            258
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                              258
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (258)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         13,563
<NUMBER-OF-SHARES-REDEEMED>                   (11,670)
<SHARES-REINVESTED>                                240
<NET-CHANGE-IN-ASSETS>                           2,133
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               41
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    108
<AVERAGE-NET-ASSETS>                             8,117
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                            (0.03)
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.50


</TABLE>

KPMG



        112 East Pecan, Suite 2400
        San Antonio, TX  78205-1585



                          INDEPENDENT AUDITORS' REPORT



The Shareholders and the Board of Trustees
USAA State Tax-Free Trust:


In planning and  performing  our audits of the financial  statements of the USAA
Florida  Tax-Free  Income Fund,  USAA Florida  Tax-Free Money Market Fund,  USAA
Texas Tax-Free Income Fund and USAA Texas Tax-Free Money Market Fund,  series of
USAA State  Tax-Free  Trust,  for the year ended March 31, 2000,  we  considered
internal control,  including control activities for safeguarding securities,  in
order to determine our auditing  procedures  for the purpose of  expressing  our
opinions on the financial statements and to comply with the requirements of Form
N-SAR, not to provide assurance on internal control.

The management of USAA State Tax-Free Trust 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 controls.  Generally, controls 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  controls   include  the   safeguarding  of  assets  against
unauthorized acquisition, use, or disposition.

Because of inherent  limitations in internal  control,  error or fraud 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 one or more
of the internal control components does not reduce to a relatively low level the
risk  that  misstatements  caused  by error or fraud 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  and  its  operation,   including  controls  for  safeguarding
securities,  that we consider to be material weaknesses, as defined above, as of
March 31, 2000.

This report is intended solely for the  information  and use of management,  the
Board of Trustees of USAA State Tax-Free Trust,  and the Securities and Exchange
Commission and is not intended to be and should not be used by anyone other than
these specified parties.

                                                KPMG LLP

May 5, 2000


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission