<PAGE> PAGE 1
000 B000000 09/30/96
000 C000000 0001006783
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 TURNER FUNDS
001 B000000 811-7527
001 C000000 8000000000
002 A000000 680 E. SWEDESFORD RD
002 B000000 WAYNE
002 C000000 PA
002 D010000 19087
003 000000 Y
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
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007 C030100 N
007 C010200 2
007 C020200 TURNER SMALL CAP FUND
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 TURNER INVESTMENT PARTNERS INC.
008 B00AA01 A
008 C00AA01 801-36220
008 D01AA01 BERWYN
008 D02AA01 PA
008 D03AA01 19312
010 A00AA01 SEI FUND RESOURCES
010 C01AA01 WAYNE
010 C02AA01 PA
010 C03AA01 19087
010 C04AA01 1658
011 A00AA01 SEI FINANCIAL SERVICES CORPORATION
011 B00AA01 8-27897
011 C01AA01 WAYNE
011 C02AA01 PA
<PAGE> PAGE 2
011 C03AA01 19087
011 C04AA01 1658
012 A00AA01 DST SYSTEMS INC.
012 B00AA01 84-0000
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64105
013 A00AA01 ERNST & YOUNG
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
013 B04AA01 7096
014 A00AA01 SEI FINANCIAL SERVICES CORPORATION
014 B00AA01 8-27897
015 A00AA01 CORESTATES BANK, N.A.
015 B00AA01 C
015 C01AA01 PHILADELPHIA
015 C02AA01 PA
015 C03AA01 19101
015 E01AA01 X
018 00AA00 Y
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020 B000001 13-5674085
020 C000001 175
020 A000002 INSTINET
020 B000002 13-3443395
020 C000002 63
020 A000003 ROBINSON HUMPHREY
020 B000003 13-2518466
020 C000003 42
020 A000004 SALOMON BROTHERS
020 B000004 13-3082694
020 C000004 24
020 A000005 JEFFRIES & COMPANY
020 B000005 95-2622900
020 C000005 24
020 A000006 MONTGOMERY SECURITIES
020 B000006 94-1701676
020 C000006 17
020 A000007 GOLDMAN SACHS
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020 C000007 13
020 A000008 AUTRANET
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<PAGE> PAGE 3
020 A000010 PAINE WEBBER
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<PAGE> PAGE 4
026 F000000 Y
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<PAGE> PAGE 5
070 A02AA00 Y
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
069 000100 N
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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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SIGNATURE STEVE MEYER
TITLE CONTROLLER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001006783
<NAME> TURNER FUNDS
<SERIES>
<NUMBER> 011
<NAME> GROWTH EQUITY FUND
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<S> <C>
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<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> SEP-30-1996
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 96164
<DIVIDEND-INCOME> 924
<INTEREST-INCOME> 41
<OTHER-INCOME> 0
<EXPENSES-NET> (836)
<NET-INVESTMENT-INCOME> 129
<REALIZED-GAINS-CURRENT> 21978
<APPREC-INCREASE-CURRENT> (3868)
<NET-CHANGE-FROM-OPS> 18239
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (132)
<DISTRIBUTIONS-OF-GAINS> (5807)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14623
<NUMBER-OF-SHARES-REDEEMED> (52228)
<SHARES-REINVESTED> 5650
<NET-CHANGE-IN-ASSETS> 19655
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 5747
<OVERDISTRIB-NII-PRIOR> (40)
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<EXPENSE-RATIO> 1.06
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
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<NAME> TURNER FUNDS
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<NUMBER> 021
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<S> <C>
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<PERIOD-START> NOV-01-1995
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<SHARES-COMMON-PRIOR> 813
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 67425
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<INTEREST-INCOME> 84
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<EXPENSES-NET> (350)
<NET-INVESTMENT-INCOME> (245)
<REALIZED-GAINS-CURRENT> 3860
<APPREC-INCREASE-CURRENT> 5659
<NET-CHANGE-FROM-OPS> 9274
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (925)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 66572
<NUMBER-OF-SHARES-REDEEMED> (21472)
<SHARES-REINVESTED> 904
<NET-CHANGE-IN-ASSETS> 54353
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 922
<OVERDISTRIB-NII-PRIOR> (8)
<OVERDIST-NET-GAINS-PRIOR> 0
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<GROSS-EXPENSE> 433
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<PER-SHARE-NAV-BEGIN> 16.08
<PER-SHARE-NII> (.08)
<PER-SHARE-GAIN-APPREC> 8.17
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<RETURNS-OF-CAPITAL> 0
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</TABLE>
Supplementary Report of Independent Accountants
Board of Directors
Turner Funds, Inc.
In planning and performing our audit of the financial statements of
the Turner Growth Equity Fund and the Turner Small Cap Fund for the
period ended September 30, 1996, we considered its internal control structure,
including procedures for safeguarding securities, in order to determine
our auditing procedures for the purposes of expressing our opinion
on the financial statements and to comply with the requirements of
Form N-SAR, and not to provide assurance on the internal control structure.
The management of the Fund is responsible for establishing and maintaining
an internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and
related costs of internal control structure policies and procedures. Two of
the objectives of an internal control structure are to provide management
with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization
and recorded properly to permit preparation of financial statements in
conformity with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure 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 the internal control structure would not necessarily
disclose all matters in the internal control structure 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 the specific internal control structure elements
does not reduce to a relatively low level the risk that errors or irregularities
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 the internal control structure,
including procedures for safeguarding securities, that we consider to be
material weaknesses as defined above as of September 30, 1996.
This report is intended solely for the information and use of management
and the Securities and Exchange Commission.
/s/ Ernst & Young LLP
Ernst & Young LLP
Philadelphia, Pennsylvania
November 1, 1996
