FBR FAMILY OF FUNDS
N-8A, 1996-06-11
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form N-8A

                          NOTIFICATION OF REGISTRATION
                      FILED PURSUANT TO SECTION 8(a) OF THE
                         INVESTMENT COMPANY ACT OF 1940

     The  undersigned  investment  company  hereby  notifies the  Securities and
Exchange  Commission  that it registers  under and pursuant to the provisions of
Section 8(a) of the Investment  Company Act of 1940 and in connection  with such
notification of registration submits the following information:

Name:             The FBR Family of Funds

Address of Principal Business Offices (No. & Street, City, State, Zip Code):
- ----------------------------------------------------------------------------
                  Potomac Tower
                  1001 Nineteenth Street North
                  Arlington, VA   22209

Telephone Number (including area code):(703) 312-9583
- --------------------------------------

Name and address of agent for service of process:
- -------------------------------------------------
                  Eric F. Billings
                  Friedman, Billings, Ramsey & Co. Inc.
                  Potomac Tower
                  1001 Nineteenth Street North
                  Arlington, VA  22209

Check Appropriate Box:

     Registrant is filing a Registration  Statement  pursuant to Section 8(b) of
the Investment  Company Act of 1940  concurrently  with the filing of Form N-8A:
Yes  X   No
    ---    ---
- --------------------------------------------------------------------------------
                                   SIGNATURES

Pursuant  to the  requirements  of the  Investment  Company  Act  of  1940,  the
registrant has caused this notification of registration to be duly signed on its
behalf  in the city of New  York and  state of New York on the 10th day of June,
1996.

                                    Signature        The FBR Family of Funds
                                                     -----------------------
                                                     (Name of Registrant)

                                                     By:/s/Jules Buchwald
                                                        -----------------
                                                           Jules Buchwald
                                                           Director

Attest:/s/Joanne Doldo
       ---------------
         Joanne Doldo
         Director


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