BATTERY PARK FUNDS INC
NSAR-B, 1997-12-01
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<PAGE>      PAGE  1
000 B000000 09/30/97
000 C000000 0001020256
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 BATTERY PARK FUNDS, INC.
001 B000000 811-7675
001 C000000 4122888260
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 BATTERY PARK HIGH YIELD FUND
007 C030100 N
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 A00AA01 NOMURA CORP. RESEARCH & ASSET MGMT, INC.
008 B00AA01 A
008 C00AA01 801-0000
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10281
008 D04AA01 1198
010 A00AA01 FEDERATED SERVICES COMPANY
010 C01AA01 PITTSBURGH
010 C02AA01 PA
010 C03AA01 15222
010 C04AA01 3779
011 A00AA01 NOMURA SECURITIES INTERNATIONAL, INC.
011 B00AA01 8-0000
011 C01AA01 NEW YORK
011 C02AA01 NY
<PAGE>      PAGE  2
011 C03AA01 10281
011 C04AA01 1198
012 A00AA01 FEDERATED SHAREHOLDER SERVICES COMPANY
012 B00AA01 84-1869
012 C01AA01 PITTSBURGH
012 C02AA01 PA
012 C03AA01 15222
012 C04AA01 3779
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 PITTSBURGH
013 B02AA01 PA
013 B03AA01 15222
015 A00AA01 THE BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10286
015 E01AA01 X
018  00AA00 Y
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022 A000001 GOLDMAN, SACHS & CO.
022 B000001 13-5108880
022 C000001     91727
022 D000001       992
022 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000002 13-5674085
022 C000002     69211
022 D000002      3353
022 A000003 CHASE SECURITIES, INC.
022 B000003 13-2633612
022 C000003      3213
022 D000003      4780
022 A000004 DLJ CAPITAL MARKETS
022 C000004      2918
022 D000004      2086
022 A000005 GRANTCHESTER SECURITIES, INC.
022 C000005      1247
022 D000005      2552
022 A000006 JEFFERIES & CO., INC.
<PAGE>      PAGE  3
022 B000006 95-2622900
022 C000006      1840
022 D000006      1699
022 A000007 SALOON BROTHERS, INC.
022 B000007 13-3082694
022 C000007      3259
022 D000007       258
022 A000008 NATIONSBANK
022 B000008 75-0520130
022 C000008      2198
022 D000008      1188
022 A000009 J.P. MORGAN SECURITIES, INC.
022 C000009      1644
022 D000009      1518
022 A000010 LEHMAN BROTHERS, INC.
022 B000010 13-2518466
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022 D000010       531
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029  00AA00 Y
030 A00AA00     58
030 B00AA00  4.50
030 C00AA00  0.00
031 A00AA00     12
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<PAGE>      PAGE  4
037  00AA00 N
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<PAGE>      PAGE  5
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
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054 K00AA00 N
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080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 B00AA00 THE AETNA CASUALTY AND SURETY COMPANY
080 C00AA00    85000
081 A00AA00 Y
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<PAGE>      PAGE  6
082 A00AA00 N
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062 A000100 Y
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<PAGE>      PAGE  7
062 O000100   0.0
062 P000100  96.8
062 Q000100   0.0
062 R000100   0.0
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063 B000100  7.0
064 A000100 N
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070 A010100 Y
070 A020100 Y
070 B010100 Y
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070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 Y
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070 O010100 Y
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070 P020100 N
070 Q010100 N
070 Q020100 N
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<PAGE>      PAGE  8
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072 Y000100      329
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072DD020100      919
072EE000100        0
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073 C000100   0.0000
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074 M000100      185
074 N000100    16463
074 O000100     1174
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<PAGE>      PAGE  9
074 R010100        0
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074 R040100      100
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074 T000100    15189
074 U010100      160
074 U020100     1172
074 V010100    11.40
074 V020100    11.40
074 W000100   0.0000
074 X000100       72
074 Y000100        0
075 A000100        0
075 B000100    12270
076  000100     0.00
SIGNATURE   S. ELLIOTT COHAN                             
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   001                                            
     <NAME>                     Battery Park                                   
                                Battery Park High Yield Fund                   
                                Class A Shares                                 
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Sep-30-1997                                    
<INVESTMENTS-AT-COST>           13,805,329                                     
<INVESTMENTS-AT-VALUE>          14,703,375                                     
<RECEIVABLES>                   1,296,247                                      
<ASSETS-OTHER>                  463,152                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  16,462,774                                     
<PAYABLE-FOR-SECURITIES>        1,173,677                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       99,660                                         
<TOTAL-LIABILITIES>             1,273,337                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        13,586,889                                     
<SHARES-COMMON-STOCK>           160,372                                        
<SHARES-COMMON-PRIOR>           0                                              
<ACCUMULATED-NII-CURRENT>       1,640                                          
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         702,862                                        
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        898,046                                        
<NET-ASSETS>                    1,828,859                                      
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               1,119,008                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  117,167                                        
<NET-INVESTMENT-INCOME>         1,001,841                                      
<REALIZED-GAINS-CURRENT>        702,862                                        
<APPREC-INCREASE-CURRENT>       898,046                                        
<NET-CHANGE-FROM-OPS>           2,602,749                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       80,857                                         
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         164,628                                        
<NUMBER-OF-SHARES-REDEEMED>     9,775                                          
<SHARES-REINVESTED>             5,519                                          
<NET-CHANGE-IN-ASSETS>          15,189,437                                     
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           74,637                                         
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 445,824                                        
<AVERAGE-NET-ASSETS>            12,270,302                                     
<PER-SHARE-NAV-BEGIN>           10.000                                         
<PER-SHARE-NII>                 0.840                                          
<PER-SHARE-GAIN-APPREC>         1.400                                          
<PER-SHARE-DIVIDEND>            0.840                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             11.400                                         
<EXPENSE-RATIO>                 1.25                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   002                                            
     <NAME>                     Battery Park                                   
                                Battery Park High Yield Fund                   
                                Class Y Shares                                 
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Sep-30-1997                                    
<INVESTMENTS-AT-COST>           13,805,329                                     
<INVESTMENTS-AT-VALUE>          14,703,375                                     
<RECEIVABLES>                   1,296,247                                      
<ASSETS-OTHER>                  463,152                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  16,462,774                                     
<PAYABLE-FOR-SECURITIES>        1,173,677                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       99,660                                         
<TOTAL-LIABILITIES>             1,273,337                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        13,586,889                                     
<SHARES-COMMON-STOCK>           1,171,582                                      
<SHARES-COMMON-PRIOR>           0                                              
<ACCUMULATED-NII-CURRENT>       1,640                                          
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         702,862                                        
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        898,046                                        
<NET-ASSETS>                    13,360,578                                     
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               1,119,008                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  117,167                                        
<NET-INVESTMENT-INCOME>         1,001,841                                      
<REALIZED-GAINS-CURRENT>        702,862                                        
<APPREC-INCREASE-CURRENT>       898,046                                        
<NET-CHANGE-FROM-OPS>           2,602,749                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       919,344                                        
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,087,480                                      
<NUMBER-OF-SHARES-REDEEMED>     551                                            
<SHARES-REINVESTED>             84,653                                         
<NET-CHANGE-IN-ASSETS>          15,189,437                                     
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           74,637                                         
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 445,824                                        
<AVERAGE-NET-ASSETS>            12,270,302                                     
<PER-SHARE-NAV-BEGIN>           10.000                                         
<PER-SHARE-NII>                 0.860                                          
<PER-SHARE-GAIN-APPREC>         1.400                                          
<PER-SHARE-DIVIDEND>            0.860                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             11.400                                         
<EXPENSE-RATIO>                 1.00                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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