BATTERY PARK FUNDS INC
NSAR-A, 1997-05-30
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<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
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022 A000002 TORONTO DOMINION SECURITIES (USA)
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022 A000003 FIRST UNION CAPITAL MARKETS
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022 A000007 NCNB NATIONAL BANK OF NORTH CAROLINA
<PAGE>      PAGE  3
022 C000007       250
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022 A000008 NIKKO SECURITIES CO., INTERNATIONAL
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022 A000009 DLJ CAPITAL MARKETS, INC.
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022 A000010 GOLDMAN SACHS & CO., INC.
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<PAGE>      PAGE  5
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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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>


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