<PAGE> PAGE 1
000 A000000 09/30/95
000 C000000 0000910065
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 FLAG INVESTORS MARYLAND INTERMEDIATE TAX-FREE
001 B000000 811-7922
001 C000000 4107271700
002 A000000 135 EAST BALTIMORE STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 FLAG INVESTORS MARYLAND INTERMEDIATE TAX-FREE
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001 38657
022 D000001 0
022 A000002 FERRIS, BAKER WATTS, INCORPORATED
022 B000002 52-0909521
022 C000002 1030
022 D000002 1222
022 C000003 0
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
<PAGE> PAGE 2
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 39687
023 D000000 1222
024 00AA00 N
027 000000 Y
028 A01AA00 1
028 A02AA00 33
028 A03AA00 0
028 A04AA00 201
028 B01AA00 221
028 B02AA00 35
028 B03AA00 0
028 B04AA00 59
028 C01AA00 226
028 C02AA00 34
028 C03AA00 0
028 C04AA00 139
028 D01AA00 351
028 D02AA00 35
028 D03AA00 0
028 D04AA00 171
028 E01AA00 260
028 E02AA00 33
028 E03AA00 0
028 E04AA00 613
028 F01AA00 212
028 F02AA00 33
028 F03AA00 0
028 F04AA00 69
028 G01AA00 1271
028 G02AA00 203
028 G03AA00 0
028 G04AA00 1252
028 H00AA00 368
029 00AA00 Y
030 A00AA00 7
030 B00AA00 1.50
030 C00AA00 0.00
031 A00AA00 1
031 B00AA00 0
032 00AA00 3
033 00AA00 3
042 A00AA00 0
042 B00AA00 0
042 C00AA00 100
<PAGE> PAGE 3
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 17
044 00AA00 0
062 A00AA00 Y
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 3.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 94.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 8.9
064 A00AA00 N
071 A00AA00 1030
071 B00AA00 1222
071 C00AA00 12678
071 D00AA00 8
072 A00AA00 6
072 B00AA00 314
072 C00AA00 0
072 D00AA00 0
072 E00AA00 0
072 F00AA00 23
072 G00AA00 0
072 H00AA00 0
072 I00AA00 3
072 J00AA00 10
072 K00AA00 0
072 L00AA00 11
072 M00AA00 1
072 N00AA00 4
072 O00AA00 0
072 P00AA00 0
072 Q00AA00 8
072 R00AA00 12
072 S00AA00 20
<PAGE> PAGE 4
072 T00AA00 17
072 U00AA00 5
072 V00AA00 0
072 W00AA00 4
072 X00AA00 118
072 Y00AA00 72
072 Z00AA00 268
072AA00AA00 9
072BB00AA00 11
072CC01AA00 20
072CC02AA00 0
072DD01AA00 0
072DD02AA00 0
072EE00AA00 0
073 A01AA00 0.2300
073 A02AA00 0.0000
073 B00AA00 0.0000
073 C00AA00 0.0000
074 A00AA00 1
074 B00AA00 438
074 C00AA00 0
074 D00AA00 12813
074 E00AA00 0
074 F00AA00 0
074 G00AA00 0
074 H00AA00 0
074 I00AA00 0
074 J00AA00 191
074 K00AA00 111
074 L00AA00 0
074 M00AA00 48
074 N00AA00 13602
074 O00AA00 0
074 P00AA00 0
074 Q00AA00 0
074 R01AA00 0
074 R02AA00 0
074 R03AA00 0
074 R04AA00 36
074 S00AA00 0
074 T00AA00 13566
074 U01AA00 1379084
074 U02AA00 0
074 V01AA00 9.84
074 V02AA00 0.00
074 W00AA00 0.0000
074 X00AA00 200
074 Y00AA00 0
075 A00AA00 0
075 B00AA00 13263
076 00AA00 0.00
<PAGE> PAGE 5
077 A000000 Y
077 Q010000 Y
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00 9000
081 B00AA00 13
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
SIGNATURE EDWARD J. VEILLEUX
TITLE VICE PRESIDENT
[ARTICLE] 6
[CIK] 0000910065
[NAME] FLAG INVESTORS MARYLAND INTERMEDIATE TAX FREE INCOME FUND
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] MAR-31-1995
[PERIOD-END] SEP-30-1995
[INVESTMENTS-AT-COST] 13231139
[INVESTMENTS-AT-VALUE] 13251265
[RECEIVABLES] 302288
[ASSETS-OTHER] 48571
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 13602124
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 35902
[TOTAL-LIABILITIES] 35902
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 13705680
[SHARES-COMMON-STOCK] 1379084
[SHARES-COMMON-PRIOR] 356953
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (159584)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 20126
[NET-ASSETS] 13566222
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 314209
[OTHER-INCOME] 0
[EXPENSES-NET] 46436
[NET-INVESTMENT-INCOME] 267773
[REALIZED-GAINS-CURRENT] (2,588)
[APPREC-INCREASE-CURRENT] 468520
[NET-CHANGE-FROM-OPS] 733705
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 307336
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 130537
[NUMBER-OF-SHARES-REDEEMED] 129307
[SHARES-REINVESTED] 20901
[NET-CHANGE-IN-ASSETS] 647124
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (117433)
[OVERDISTRIB-NII-PRIOR] 8865
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 23213
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 118149
[AVERAGE-NET-ASSETS] 13262908
[PER-SHARE-NAV-BEGIN] 9.52
[PER-SHARE-NII] .20
[PER-SHARE-GAIN-APPREC] .35
[PER-SHARE-DIVIDEND] .23
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 9.84
[EXPENSE-RATIO] .70
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
