AMERINDO FUNDS INC
NSAR-A, 1999-08-30
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<PAGE>      PAGE  1
000 A000000 06/30/99
000 C000000 0001007174
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 AMERINDO FUNDS, INC.
001 B000000 811-07531
001 C000000 2123716360
002 A000000 399 PARK AVE. 18TH FLOOR
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10022
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 AMERINDO TECHNOLOGY FUND - CLASS D
007 C030100 N
007 C010200  2
007 C020200 AMERINDO TECHNOLOGY FUND - CLASS A
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 AMERINDO INVESTMENT ADVISORS, INC.
008 B00AA01 A
008 C00AA01 801-24922
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10022
010 A00AA01 AMERICAN DATA SERVICES, INC.
010 C01AA01 HAUPPAUGE
010 C02AA01 NY
010 C03AA01 11788
011 A00AA01 ADS DISTRIBUTORS, INC.
011 B00AA01 8-49995
011 C01AA01 SAFETY HARBOR
011 C02AA01 FL
011 C03AA01 34695
<PAGE>      PAGE  2
012 A00AA01 AMERICAN DATA SERVICES, INC.
012 B00AA01 84-1964
012 C01AA01 HAUPPAUGE
012 C02AA01 NY
012 C03AA01 11788
013 A00AA01 MORRISON, BROWN, ARGIZ & CO.
013 B01AA01 MIAMI
013 B02AA01 FL
013 B03AA01 33010
015 A00AA01 NORTHERN TRUST CO.
015 B00AA01 C
015 C01AA01 CHICAGO
015 C02AA01 IL
015 C03AA01 60675
015 E01AA01 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 INSTINET
020 C000001     13
020 A000002 PUNK, ZIEGEL, KNOELL
020 C000002      3
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       16
022 A000001 INSTINET
022 C000001      1004
022 D000001         0
022 C000002         0
022 D000002         0
022 C000003         0
022 D000003         0
022 C000004         0
022 D000004         0
022 C000005         0
022 D000005         0
022 C000006         0
022 D000006         0
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022 D000007         0
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022 C000009         0
022 D000009         0
022 C000010         0
<PAGE>      PAGE  3
022 D000010         0
023 C000000       1004
023 D000000          0
024  00AA00 N
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
034  00AA00 N
035  00AA00      0
036 B00AA00      0
045  00AA00 Y
046  00AA00 N
047  00AA00 Y
048  00AA00  1.500
048 A01AA00        0
048 A02AA00 0.000
048 B01AA00        0
048 B02AA00 0.000
048 C01AA00        0
048 C02AA00 0.000
048 D01AA00        0
048 D02AA00 0.000
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048 F01AA00        0
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048 H02AA00 0.000
048 I01AA00        0
048 I02AA00 0.000
048 J01AA00        0
048 J02AA00 0.000
048 K01AA00        0
048 K02AA00 0.000
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 N
<PAGE>      PAGE  4
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 Y
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
062 A00AA00 N
062 B00AA00   0.0
062 C00AA00   0.0
062 D00AA00   0.0
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   0.0
062 P00AA00   0.0
062 Q00AA00   0.0
062 R00AA00   0.0
063 A00AA00   0
063 B00AA00  0.0
066 A00AA00 Y
066 B00AA00 N
066 C00AA00 Y
066 D00AA00 N
066 E00AA00 N
066 F00AA00 N
066 G00AA00 N
067  00AA00 N
068 A00AA00 N
068 B00AA00 N
069  00AA00 N
070 A01AA00 Y
070 A02AA00 Y
<PAGE>      PAGE  5
070 B01AA00 Y
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 Y
070 D02AA00 N
070 E01AA00 Y
070 E02AA00 N
070 F01AA00 Y
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 N
070 H01AA00 Y
070 H02AA00 N
070 I01AA00 Y
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 N
070 L01AA00 Y
070 L02AA00 N
070 M01AA00 Y
070 M02AA00 N
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 Y
070 P02AA00 N
070 Q01AA00 Y
070 Q02AA00 N
070 R01AA00 Y
070 R02AA00 N
071 A00AA00    158503
071 B00AA00    168717
071 C00AA00     67626
071 D00AA00  234
072 A00AA00  6
072 B00AA00      948
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072 F00AA00      848
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<PAGE>      PAGE  6
072 N00AA00       30
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072 S00AA00       88
072 T00AA00      146
072 U00AA00       28
072 V00AA00        0
072 W00AA00       34
072 X00AA00     1388
072 Y00AA00      112
072 Z00AA00     -296
072AA00AA00    83422
072BB00AA00        0
072CC01AA00        0
072CC02AA00     4853
072DD01AA00        0
072DD02AA00        0
072EE00AA00        0
073 A01AA00   0.0000
073 A02AA00   0.0000
073 B00AA00   0.0000
073 C00AA00   0.0000
074 A00AA00      198
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074 D00AA00        0
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074 F00AA00   121845
074 G00AA00        0
074 H00AA00        0
074 I00AA00        0
074 J00AA00        0
074 K00AA00        0
074 L00AA00     3077
074 M00AA00      234
074 N00AA00   235964
074 O00AA00    55907
074 P00AA00      130
074 Q00AA00        0
074 R01AA00        0
074 R02AA00        0
074 R03AA00        0
074 R04AA00     1609
074 S00AA00        0
074 T00AA00   178318
074 U01AA00     5807
074 U02AA00      207
074 V01AA00    29.64
074 V02AA00    29.84
<PAGE>      PAGE  7
074 W00AA00   0.0000
074 X00AA00     2277
074 Y00AA00        0
077 A000000 N
078  000000 N
080 C00AA00        0
081 A00AA00 N
081 B00AA00   0
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
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086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
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086 E020000      0
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086 F020000      0
028 A010100      1589
028 A020100         0
028 A030100         0
028 A040100      8385
028 B010100       993
028 B020100         0
028 B030100         0
028 B040100       918
028 C010100      3192
028 C020100         0
028 C030100         0
028 C040100      1405
028 D010100     20250
028 D020100         0
028 D030100         0
028 D040100      3926
028 E010100     15463
028 E020100         0
028 E030100         0
028 E040100      5169
028 F010100     13851
028 F020100         0
028 F030100         0
<PAGE>      PAGE  8
028 F040100      3832
028 G010100     55338
028 G020100         0
028 G030100         0
028 G040100     23635
028 H000100         0
029  000100 N
030 A000100      0
030 B000100  0.00
030 C000100  0.00
031 A000100      0
031 B000100      0
032  000100      0
033  000100      0
037  000100 Y
038  000100    155
039  000100 N
040  000100 Y
041  000100 Y
042 A000100   0
042 B000100   0
042 C000100   0
042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100 100
043  000100    137
044  000100      0
058 A000100 N
059  000100 Y
060 A000100 N
060 B000100 N
061  000100   150000
075 A000100        0
075 B000100   111152
076  000100     0.00
028 A010200       221
028 A020200         0
028 A030200         0
028 A040200        78
028 B010200       233
028 B020200         0
028 B030200         0
028 B040200        30
028 C010200      1956
028 C020200         0
028 C030200         0
028 C040200        34
028 D010200       804
028 D020200         0
<PAGE>      PAGE  9
028 D030200         0
028 D040200       126
028 E010200       367
028 E020200         0
028 E030200         0
028 E040200       135
028 F010200       489
028 F020200         0
028 F030200         0
028 F040200       323
028 G010200      4070
028 G020200         0
028 G030200         0
028 G040200       726
028 H000200      3180
029  000200 Y
030 A000200    122
030 B000200  4.00
030 C000200  0.00
031 A000200     50
031 B000200      0
032  000200     72
033  000200      0
037  000200 Y
038  000200     16
039  000200 N
040  000200 Y
041  000200 Y
042 A000200   0
042 B000200   0
042 C000200  50
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200  50
043  000200      9
044  000200      0
058 A000200 N
059  000200 Y
060 A000200 N
060 B000200 N
061  000200    10000
075 A000200        0
075 B000200     3470
076  000200     0.00
SIGNATURE   JIM COLANTINO
TITLE       SENIOR ADMINISTRATOR


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001007174
<NAME> AMERINDO FUNDS,INC.
<SERIES>
   <NUMBER> 1
   <NAME> AMERINDO TECHNOLOGY FUND - CLASS D
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                        212200379
<INVESTMENTS-AT-VALUE>                       232455062
<RECEIVABLES>                                  3076458
<ASSETS-OTHER>                                  431943
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               235963463
<PAYABLE-FOR-SECURITIES>                      55907105
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1738569
<TOTAL-LIABILITIES>                           57645674
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      75549953
<SHARES-COMMON-STOCK>                          5807358
<SHARES-COMMON-PRIOR>                          4716001
<ACCUMULATED-NII-CURRENT>                     (295801)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       82808953
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      20254684
<NET-ASSETS>                                 178317789
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               947748
<OTHER-INCOME>                                   31825
<EXPENSES-NET>                                 1275374
<NET-INVESTMENT-INCOME>                       (295801)
<REALIZED-GAINS-CURRENT>                      83422376
<APPREC-INCREASE-CURRENT>                    (4853080)
<NET-CHANGE-FROM-OPS>                         78273495
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        2154407
<NUMBER-OF-SHARES-REDEEMED>                    1063050
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       113320344
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (613424)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           847938
<INTEREST-EXPENSE>                               19125
<GROSS-EXPENSE>                                1387811
<AVERAGE-NET-ASSETS>                         111151654
<PER-SHARE-NAV-BEGIN>                            13.61
<PER-SHARE-NII>                                  (.06)
<PER-SHARE-GAIN-APPREC>                          16.09
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              29.64
<EXPENSE-RATIO>                                   2.25
[AVG-DEBT-OUTSTANDING]                          328352
[AVG-DEBT-PER-SHARE]                               .07


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001007174
<NAME> AMERINDO FUNDS, INC.
<SERIES>
   <NUMBER> 2
   <NAME> AMERINDO TECHNOLOGY FUND - CLASS A
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                        212200379
<INVESTMENTS-AT-VALUE>                       232455062
<RECEIVABLES>                                  3076458
<ASSETS-OTHER>                                  431943
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               235963463
<PAYABLE-FOR-SECURITIES>                      55907105
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1738569
<TOTAL-LIABILITIES>                           57645674
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      75549953
<SHARES-COMMON-STOCK>                           207015
<SHARES-COMMON-PRIOR>                            59131
<ACCUMULATED-NII-CURRENT>                     (295801)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       82808953
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      20254684
<NET-ASSETS>                                 178317789
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               947748
<OTHER-INCOME>                                   31825
<EXPENSES-NET>                                 1275374
<NET-INVESTMENT-INCOME>                       (295801)
<REALIZED-GAINS-CURRENT>                      83422376
<APPREC-INCREASE-CURRENT>                    (4853080)
<NET-CHANGE-FROM-OPS>                         78273495
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         177460
<NUMBER-OF-SHARES-REDEEMED>                      29576
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       113320344
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (613424)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           847938
<INTEREST-EXPENSE>                               19125
<GROSS-EXPENSE>                                1387811
<AVERAGE-NET-ASSETS>                           3469770
<PER-SHARE-NAV-BEGIN>                            13.59
<PER-SHARE-NII>                                  (.06)
<PER-SHARE-GAIN-APPREC>                          16.31
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              29.84
<EXPENSE-RATIO>                                   2.50
[AVG-DEBT-OUTSTANDING]                          328352
[AVG-DEBT-PER-SHARE]                               .08


</TABLE>


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