<PAGE> PAGE 1
000 A000000 06/30/97
000 C000000 0001015658
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 AUGUSTA PARTNERS, L.P.
001 B000000 811-07641
001 C000000 2126677649
002 A000000 ONE WORLD FINANCIAL CENTER, 33RD FLOOR
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10281
003 000000 N
004 000000 N
005 000000 N
006 000000 N
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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
008 A000001 AUGUSTA MANAGEMENT, LLC
008 B000001 A
008 C000001 801-52680
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10281
010 A000001 PFPC INC.
010 B000001 85-1196
010 C010001 WILMINGTON
010 C020001 DE
010 C030001 19809
010 A000002 OPPENHEIMER & CO., INC.
010 B000002 8-0110574
010 C010002 NEW YORK
010 C020002 NY
010 C030002 10281
011 A000001 OPPENHEIMER & CO., INC.
011 B000001 8-0110574
011 C010001 NEW YORK
<PAGE> PAGE 2
011 C020001 NY
011 C030001 10281
012 A000001 PFPC, INC.
012 B000001 85-1196
012 C010001 WILMINGTON
012 C020001 DE
012 C030001 19809
013 A000001 ERNST & YOUNG, LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10019
014 A000001 OPPENHEIMER & CO., INC.
014 B000001 8-0110574
015 A000001 MORGAN STANLEY TRUST COMPANY
015 B000001 C
015 C010001 JERSEY CITY
015 C020001 NJ
015 C030001 07302
015 E010001 X
015 A000002 BANK OF TOKYO MITSUBISHI
015 B000002 S
015 C010002 TOKYO
015 D010002 JAPAN
015 E040002 X
015 A000003 TORONTO DOMINION
015 B000003 S
015 C010003 TORONTO
015 D010003 CANADA
015 E040003 X
018 000000 Y
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020 A000001 ROCHDALE SECURITIES
020 B000001 13-3360814
020 C000001 146
020 A000002 MORGAN STANLEY & CO. INC.
020 B000002 13-2655998
020 C000002 118
020 A000003 NATWEST SECURITIES CORP.
020 B000003 13-3312778
020 C000003 43
020 A000004 MONTGOMERY SECURITIES
020 B000004 94-1701676
020 C000004 38
020 A000005 ROBERTSON & STEPHENS & CO., INC.
020 B000005 94-2524501
020 C000005 37
020 A000006 J.P. MORGAN SECURITIES
020 B000006 13-3224016
020 C000006 32
020 A000007 GOLDMAN SACHS & CO.
<PAGE> PAGE 3
020 B000007 13-5108880
020 C000007 30
020 A000008 UBS SECURITIES
020 B000008 13-2932996
020 C000008 30
020 A000009 DONALDSON, LUFKIN, & JENRETTE SEC. CORP.
020 B000009 13-3769702
020 C000009 23
020 A000010 MERRILL LYNCH
020 B000010 13-5674085
020 C000010 23
021 000000 907
022 A000001 GOLDMAN SACHS & CO.
022 B000001 13-5108880
022 C000001 33774
022 D000001 18683
022 A000002 MORGAN STANLEY & CO. INC.
022 B000002 13-2655998
022 C000002 25926
022 D000002 23970
022 A000003 ALEX BROWN & SONS
022 B000003 52-1319768
022 C000003 20580
022 D000003 21169
022 A000004 MERRILL LYNCH
022 B000004 13-5674085
022 C000004 18091
022 D000004 14528
022 A000005 WESSELS
022 B000005 41-1798206
022 C000005 11298
022 D000005 15127
022 A000006 SMITH BARNEY SHEARSON
022 B000006 13-1912900
022 C000006 12137
022 D000006 6487
022 A000007 SALOMON BROTHERS INC.
022 B000007 13-3082694
022 C000007 11343
022 D000007 5247
022 A000008 J.P. MORGAN SECURITIES
022 B000008 13-3224016
022 C000008 15003
022 D000008 967
022 A000009 PIPER JAFFREY
022 B000009 41-0953246
022 C000009 5543
022 D000009 9890
022 A000010 DONALDSON, LUFKIN & JENRETTE
022 B000010 13-2741729
022 C000010 7060
<PAGE> PAGE 4
022 D000010 6481
023 C000000 223401
023 D000000 186601
024 000000 N
025 A000001 DELETE
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
074 R040000 3549
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<PAGE> PAGE 9
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SIGNATURE KATHY THREN
TITLE COUNSEL
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
financial statement as of June 30, 1997.
</LEGEND>
<CIK> 0001015658
<NAME> AUGUSTA PARTNERS, L.P.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 117988502
<INVESTMENTS-AT-VALUE> 127276110
<RECEIVABLES> 18886741
<ASSETS-OTHER> 10923
<OTHER-ITEMS-ASSETS> 583084
<TOTAL-ASSETS> 146756858
<PAYABLE-FOR-SECURITIES> 9952365
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13757557
<TOTAL-LIABILITIES> 23709922
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 100005000
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (588233)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13018826
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10611343
<NET-ASSETS> 123046936
<DIVIDEND-INCOME> 169658
<INTEREST-INCOME> 624877
<OTHER-INCOME> 0
<EXPENSES-NET> 1078452
<NET-INVESTMENT-INCOME> (283917)
<REALIZED-GAINS-CURRENT> 4466594
<APPREC-INCREASE-CURRENT> 1819187
<NET-CHANGE-FROM-OPS> 6001864
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
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<NET-CHANGE-IN-ASSETS> 6001864
<ACCUMULATED-NII-PRIOR> (304316)
<ACCUMULATED-GAINS-PRIOR> 8552232
<OVERDISTRIB-NII-PRIOR> 0
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<EXPENSE-RATIO> 1.85
<AVG-DEBT-OUTSTANDING> 1979139
<AVG-DEBT-PER-SHARE> 0
</TABLE>
