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<PAGE> PAGE 2
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<PAGE> PAGE 6
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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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SIGNATURE JOHN J. ARTHUR
TITLE SR. V.P. & TREASURER
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<LEGEND>
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<CIK> 0000909466
<NAME> AIM TAX-EXEMPT FUNDS, INC.
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<TABLE> <S> <C>
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<LEGEND>
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</LEGEND>
<CIK> 0000909466
<NAME> AIM TAX-EXEMPT FUNDS, INC.
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<NET-ASSETS> 38118475
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2295751
<OTHER-INCOME> 0
<EXPENSES-NET> (280356)
<NET-INVESTMENT-INCOME> 2015395
<REALIZED-GAINS-CURRENT> (111639)
<APPREC-INCREASE-CURRENT> (75618)
<NET-CHANGE-FROM-OPS> 1828138
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1983768)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 522830
<NUMBER-OF-SHARES-REDEEMED> 739882
<SHARES-REINVESTED> 115643
<NET-CHANGE-IN-ASSETS> (1236966)
<ACCUMULATED-NII-PRIOR> (5077)
<ACCUMULATED-GAINS-PRIOR> (140998)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 194372
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 425131
<AVERAGE-NET-ASSETS> 38874455
<PER-SHARE-NAV-BEGIN> 10.81
<PER-SHARE-NII> 0.56
<PER-SHARE-GAIN-APPREC> (0.05)
<PER-SHARE-DIVIDEND> (0.55)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.77
<EXPENSE-RATIO> 0.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information for the AIM Tax-Exempt
Cash Fund of AIM Tax-Exempt Funds, Inc. for the year ended March 31, 1997.
</LEGEND>
<CIK> 0000909466
<NAME> AIM TAX-EXEMPT FUNDS, INC.
<SERIES>
<NUMBER> 003
<NAME> AIM TAX-EXMEPT CASH FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 55286852
<INVESTMENTS-AT-VALUE> 55285077
<RECEIVABLES> 1789775
<ASSETS-OTHER> 32898
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 57107750
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 227558
<TOTAL-LIABILITIES> 227558
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 56877041
<SHARES-COMMON-STOCK> 56877041
<SHARES-COMMON-PRIOR> 30020450
<ACCUMULATED-NII-CURRENT> 34005
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (30854)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 56880192
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1370128
<OTHER-INCOME> 0
<EXPENSES-NET> (371364)
<NET-INVESTMENT-INCOME> 998764
<REALIZED-GAINS-CURRENT> 7711
<APPREC-INCREASE-CURRENT> (741)
<NET-CHANGE-FROM-OPS> 1005734
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (996476)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 96643811
<NUMBER-OF-SHARES-REDEEMED> 70735899
<SHARES-REINVESTED> 948679
<NET-CHANGE-IN-ASSETS> 26865849
<ACCUMULATED-NII-PRIOR> 31717
<ACCUMULATED-GAINS-PRIOR> (38565)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 125537
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 425159
<AVERAGE-NET-ASSETS> 35863626
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.03)
<PER-SHARE-DISTRIBUTIONS> 0
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<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 1.04
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>