<PAGE> PAGE 1
000 A000000 03/31/97
000 C000000 1020256
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 Y
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
019 A00AA00 N
019 B00AA00 0
020 C000001 0
020 C000002 0
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 0
022 A000001 CHASE SECURITIES, INC.
022 C000001 2716
022 D000001 3069
022 A000002 TORONTO DOMINION SECURITIES (USA)
022 C000002 697
022 D000002 337
022 A000003 FIRST UNION CAPITAL MARKETS
022 C000003 0
022 D000003 695
022 A000004 NATIONS BANK
022 C000004 993
022 D000004 528
022 A000005 BT SECURITIES CORPORATION
022 C000005 750
022 D000005 250
022 A000006 GRANTCHESTER SECURITIES, INC.
022 C000006 0
022 D000006 503
022 A000007 NCNB NATIONAL BANK OF NORTH CAROLINA
<PAGE> PAGE 3
022 C000007 250
022 D000007 254
022 A000008 NIKKO SECURITIES CO., INTERNATIONAL
022 C000008 0
022 D000008 519
022 A000009 DLJ CAPITAL MARKETS, INC.
022 C000009 2272
022 D000009 0
022 A000010 GOLDMAN SACHS & CO., INC.
022 C000010 3288
022 D000010 6
023 C000000 13410
023 D000000 6407
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 N
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
029 00AA00 Y
030 A00AA00 35
030 B00AA00 4.50
030 C00AA00 0.00
031 A00AA00 10
031 B00AA00 0
032 00AA00 25
033 00AA00 0
034 00AA00 Y
035 00AA00 0
036 A00AA00 N
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
042 A00AA00 0
042 B00AA00 0
<PAGE> PAGE 4
042 C00AA00 100
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 1
044 00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.650
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
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
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
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
<PAGE> PAGE 5
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
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 N
078 000000 N
028 A010100 10000
028 A020100 0
028 A030100 0
028 A040100 0
028 B010100 34
028 B020100 5
028 B030100 0
028 B040100 0
028 C010100 294
028 C020100 66
028 C030100 0
028 C040100 34
028 D010100 360
028 D020100 79
028 D030100 0
028 D040100 0
028 E010100 260
028 E020100 83
028 E030100 0
028 E040100 0
028 F010100 294
028 F020100 81
028 F030100 0
028 F040100 0
028 G010100 11242
028 G020100 314
028 G030100 0
028 G040100 34
028 H000100 1190
062 A000100 Y
<PAGE> PAGE 6
062 B000100 0.0
062 C000100 0.0
062 D000100 6.7
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 91.5
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 7.2
064 A000100 N
064 B000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
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 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
<PAGE> PAGE 7
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 20056
071 B000100 9507
071 C000100 9701
071 D000100 98
072 A000100 5
072 B000100 458
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 31
072 G000100 21
072 H000100 0
072 I000100 25
072 J000100 3
072 K000100 0
072 L000100 5
072 M000100 14
072 N000100 25
072 O000100 2
072 P000100 0
072 Q000100 27
072 R000100 0
072 S000100 18
072 T000100 1
072 U000100 0
072 V000100 0
072 W000100 9
072 X000100 181
072 Y000100 133
072 Z000100 410
072AA000100 324
072BB000100 15
072CC010100 245
072CC020100 0
072DD010100 18
072DD020100 392
072EE000100 0
073 A010100 0.3700
073 A020100 0.3800
073 B000100 0.0000
073 C000100 0.0000
074 A000100 22
074 B000100 822
074 C000100 0
074 D000100 11140
<PAGE> PAGE 8
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 336
074 M000100 0
074 N000100 12320
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 143
074 S000100 0
074 T000100 12177
074 U010100 114
074 U020100 1039
074 V010100 10.56
074 V020100 10.56
074 W000100 0.0000
074 X000100 72
074 Y000100 0
075 A000100 0
075 B000100 11082
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 High Yield Fund
Class A
<PERIOD-TYPE> 5-Mos
<FISCAL-YEAR-END> Sep-30-1997
<PERIOD-END> Mar-31-1997
<INVESTMENTS-AT-COST> 11,716,594
<INVESTMENTS-AT-VALUE> 11,961,711
<RECEIVABLES> 335,465
<ASSETS-OTHER> 22,383
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12,319,559
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 142,971
<TOTAL-LIABILITIES> 142,971
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,622,795
<SHARES-COMMON-STOCK> 114,196
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 308,676
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 245,117
<NET-ASSETS> 1,205,447
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 458,452
<OTHER-INCOME> 0
<EXPENSES-NET> 48,011
<NET-INVESTMENT-INCOME> 410,441
<REALIZED-GAINS-CURRENT> 308,676
<APPREC-INCREASE-CURRENT> 245,117
<NET-CHANGE-FROM-OPS> 964,234
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 18,463
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 116,621
<NUMBER-OF-SHARES-REDEEMED> 3,243
<SHARES-REINVESTED> 808
<NET-CHANGE-IN-ASSETS> 12,076,488
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 30,873
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 181,194
<AVERAGE-NET-ASSETS> 11,081,940
<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> 0.370
<PER-SHARE-GAIN-APPREC> 0.560
<PER-SHARE-DIVIDEND> 0.370
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.560
<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 High Yield Fund
Class Y
<PERIOD-TYPE> 5-Mos
<FISCAL-YEAR-END> Sep-30-1997
<PERIOD-END> Mar-31-1997
<INVESTMENTS-AT-COST> 11,716,594
<INVESTMENTS-AT-VALUE> 11,961,711
<RECEIVABLES> 335,465
<ASSETS-OTHER> 22,383
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12,319,559
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 142,971
<TOTAL-LIABILITIES> 142,971
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,622,795
<SHARES-COMMON-STOCK> 1,039,297
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 308,676
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 245,117
<NET-ASSETS> 10,971,141
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 458,452
<OTHER-INCOME> 0
<EXPENSES-NET> 48,011
<NET-INVESTMENT-INCOME> 410,441
<REALIZED-GAINS-CURRENT> 308,676
<APPREC-INCREASE-CURRENT> 245,117
<NET-CHANGE-FROM-OPS> 964,234
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 391,978
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,000,400
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 28,897
<NET-CHANGE-IN-ASSETS> 12,076,488
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 30,873
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 181,194
<AVERAGE-NET-ASSETS> 11,081,940
<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> 0.380
<PER-SHARE-GAIN-APPREC> 0.560
<PER-SHARE-DIVIDEND> 0.380
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.560
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>