NSAR-A

      PAGE  1
000 A000000 12/31/96
000 C000000 0000773757
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 STEINROE MUNICIPAL TRUST
001 B000000 811-4367
001 C000000 3123687731
002 A000000 ONE SOUTH WACKER DRIVE
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60606
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
077 A000000 N
062 A000100 Y
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   1.9
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  96.8
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
071 A000100     52623
071 B000100     56002
071 C000100    195355
071 D000100   27
072 A000100  6
074 N000100   202895
074 T000100   201710
075 A000100        0
075 B000100   202659
062 A000200 Y
      PAGE  2
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   3.4
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  95.0
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071 A000200     22048
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072 A000200  6
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062 A000300 N
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      PAGE  3
075 A000300   120102
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SIGNATURE   TIM ARMOUR                                   
TITLE       PRESIDENT           
 

EX-27

 

<ARTICLE> 6

   <NUMBER> 1
   <NAME> STEIN ROE INTERMEDIATE MUNICIPALS FUND
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                           189514
<INVESTMENTS-AT-VALUE>                          199126
<RECEIVABLES>                                     3598
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               171
<TOTAL-ASSETS>                                  202895
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1185
<TOTAL-LIABILITIES>                               1185
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        192079
<SHARES-COMMON-STOCK>                            17760
<SHARES-COMMON-PRIOR>                            18243
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                             19
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          9612
<NET-ASSETS>                                    201710
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 5625
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     715
<NET-INVESTMENT-INCOME>                           4910
<REALIZED-GAINS-CURRENT>                           599
<APPREC-INCREASE-CURRENT>                         2996
<NET-CHANGE-FROM-OPS>                             8505
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         4910
<DISTRIBUTIONS-OF-GAINS>                          1147
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          15215
<NUMBER-OF-SHARES-REDEEMED>                      24217
<SHARES-REINVESTED>                              35387
<NET-CHANGE-IN-ASSETS>                          (3016)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          570
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              447
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    844
<AVERAGE-NET-ASSETS>                            202659
<PER-SHARE-NAV-BEGIN>                            11.22
<PER-SHARE-NII>                                    .29
<PER-SHARE-GAIN-APPREC>                            .20
<PER-SHARE-DIVIDEND>                             (.29)
<PER-SHARE-DISTRIBUTIONS>                        (.06)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.36
<EXPENSE-RATIO>                                    .70
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

 

EX-27

 

<ARTICLE> 6

   <NUMBER> 2
   <NAME> STEIN ROE HIGH YIELD MUNICIPALS FUND
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                           279415
<INVESTMENTS-AT-VALUE>                          291487
<RECEIVABLES>                                     6246
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               294
<TOTAL-ASSETS>                                  298027
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1853
<TOTAL-LIABILITIES>                               1853
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        292890
<SHARES-COMMON-STOCK>                            25507
<SHARES-COMMON-PRIOR>                            24814
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (8788)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         12072
<NET-ASSETS>                                    296174
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                10290
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1118
<NET-INVESTMENT-INCOME>                           9172
<REALIZED-GAINS-CURRENT>                        (3958)
<APPREC-INCREASE-CURRENT>                         9191
<NET-CHANGE-FROM-OPS>                            14405
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         9172
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                          23550
<NUMBER-OF-SHARES-REDEEMED>                      20274
<SHARES-REINVESTED>                               4709
<NET-CHANGE-IN-ASSETS>                           13218
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       (4830)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              621
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1118
<AVERAGE-NET-ASSETS>                            288777
<PER-SHARE-NAV-BEGIN>                            11.40
<PER-SHARE-NII>                                    .38
<PER-SHARE-GAIN-APPREC>                            .21
<PER-SHARE-DIVIDEND>                             (.38)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.61
<EXPENSE-RATIO>                                    .77
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

 

EX-27

 

<ARTICLE> 6

   <NUMBER> 3
   <NAME> STEIN ROE MUNICIPAL MONEY MARKET FUND
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                           120571
<INVESTMENTS-AT-VALUE>                          120571
<RECEIVABLES>                                     1730
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                59
<TOTAL-ASSETS>                                  122360
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          935
<TOTAL-LIABILITIES>                                935
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        121432
<SHARES-COMMON-STOCK>                           121358
<SHARES-COMMON-PRIOR>                           120365
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            (7)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    121425
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 2192
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     424
<NET-INVESTMENT-INCOME>                           1768
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                             1768
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1768
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          83163
<NUMBER-OF-SHARES-REDEEMED>                      83642
<SHARES-REINVESTED>                               1472
<NET-CHANGE-IN-ASSETS>                             993
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          (7)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    534
<AVERAGE-NET-ASSETS>                            120102
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                             (.02)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .70
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

 

EX-27

 

<ARTICLE> 6

   <NUMBER> 4
   <NAME> STEIN ROE MANAGED MUNICIPALS FUND
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                           561471
<INVESTMENTS-AT-VALUE>                          604645
<RECEIVABLES>                                    11927
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               604
<TOTAL-ASSETS>                                  617176
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         2431
<TOTAL-LIABILITIES>                               2431
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        574625
<SHARES-COMMON-STOCK>                            67815
<SHARES-COMMON-PRIOR>                            68507
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (3054)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         43174
<NET-ASSETS>                                    614745
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                18508
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2176
<NET-INVESTMENT-INCOME>                          16332
<REALIZED-GAINS-CURRENT>                          1030
<APPREC-INCREASE-CURRENT>                        13444
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        16332
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          25033
<NUMBER-OF-SHARES-REDEEMED>                      40054
<SHARES-REINVESTED>                               8913
<NET-CHANGE-IN-ASSETS>                            8386
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       (4084)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1268
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   2176
<AVERAGE-NET-ASSETS>                            608954
<PER-SHARE-NAV-BEGIN>                             8.85
<PER-SHARE-NII>                                    .25
<PER-SHARE-GAIN-APPREC>                            .22
<PER-SHARE-DIVIDEND>                             (.25)
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<PER-SHARE-NAV-END>                               9.07
<EXPENSE-RATIO>                                   .710
<AVG-DEBT-OUTSTANDING>                               0
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