<PAGE> PAGE 1
000 B000000 06/30/1999
000 C000000 0001049175
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 THE BOYLE FUND
001 B000000 811-8501
001 C000000 4156930800
002 A000000 850 POWELL STREET, SUITE 104
002 B000000 SAN FRANCISCO
002 C000000 CA
002 D010000 94108
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 THE BOYLE MARATHON 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 BOYLE MANAGEMENT AND RESEARCH, INC.
008 B00AA01 A
008 C00AA01 801-55039
008 D01AA01 SAN FRANCISCO
008 D02AA01 CA
008 D03AA01 94108
010 A00AA01 BOYLE MANAGEMENT AND RESEARCH, INC.
010 B00AA01 801-55039
010 C01AA01 SAN FRANCISCO
010 C02AA01 CA
010 C03AA01 94108
012 A00AA01 MAXUS INFORMATION SYSTEMS, INC.
012 B00AA01 84-1594
012 C01AA01 CLEVELAND
012 C02AA01 OH
012 C03AA01 44141
013 A00AA01 MCCURDY & ASSOCIATES CPA'S INC.
<PAGE> PAGE 2
013 B01AA01 WESTLAKE
013 B02AA01 OH
013 B03AA01 44145
015 A00AA01 FIFTH THRID BANK
015 B00AA01 C
015 C01AA01 CINCINNATI
015 C02AA01 OH
015 C03AA01 45263
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 1
019 C00AA00 BOYLE FUND
020 A000001 QUAKER SECURITIES INC.
020 B000001 23-2616596
020 C000001 4
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 4
022 C000001 0
022 D000001 0
022 C000002 0
022 D000002 0
022 C000003 0
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 0
023 D000000 0
024 00AA00 N
026 A000000 N
026 B000000 Y
<PAGE> PAGE 3
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
077 A000000 Y
077 B000000 Y
078 000000 N
080 A00AA00 RELIANCE INSURANCE COMP
080 C00AA00 100
081 A00AA00 N
081 B00AA00 0
082 A00AA00 Y
082 B00AA00 25
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 N
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
028 A010100 20
028 A020100 0
028 A030100 0
028 A040100 0
028 B010100 38
028 B020100 0
028 B030100 0
028 B040100 0
028 C010100 13
028 C020100 0
028 C030100 0
028 C040100 0
028 D010100 50
028 D020100 0
028 D030100 0
028 D040100 0
<PAGE> PAGE 4
028 E010100 113
028 E020100 0
028 E030100 0
028 E040100 0
028 F010100 88
028 F020100 0
028 F030100 0
028 F040100 0
028 G010100 322
028 G020100 0
028 G030100 0
028 G040100 0
028 H000100 0
029 000100 N
030 A000100 0
030 B000100 0.00
030 C000100 0.00
034 000100 N
035 000100 0
036 B000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 N
045 000100 Y
046 000100 N
047 000100 Y
048 000100 1.500
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
049 000100 N
<PAGE> PAGE 5
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
054 A000100 Y
054 B000100 Y
054 C000100 Y
054 D000100 N
054 E000100 Y
054 F000100 Y
054 G000100 Y
054 H000100 Y
054 I000100 N
054 J000100 Y
054 K000100 Y
054 L000100 Y
054 M000100 N
054 N000100 Y
054 O000100 Y
055 A000100 N
055 B000100 N
056 000100 N
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 2500
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
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 0.0
062 Q000100 0.0
062 R000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
<PAGE> PAGE 6
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 1405
071 B000100 819
071 C000100 1388
071 D000100 59
072 A000100 12
072 B000100 3
072 C000100 3
072 D000100 0
072 E000100 0
<PAGE> PAGE 7
072 F000100 21
072 G000100 14
072 H000100 0
072 I000100 0
072 J000100 0
072 K000100 0
072 L000100 0
072 M000100 3
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 8
072 S000100 0
072 T000100 0
072 U000100 2
072 V000100 0
072 W000100 0
072 X000100 48
072 Y000100 0
072 Z000100 -42
072AA000100 0
072BB000100 78
072CC010100 647
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 24
074 B000100 0
074 C000100 24
074 D000100 0
074 E000100 0
074 F000100 2034
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 1
074 M000100 1
074 N000100 2090
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
<PAGE> PAGE 8
074 R030100 0
074 R040100 24
074 S000100 0
074 T000100 2066
074 U010100 141
074 U020100 0
074 V010100 14.61
074 V020100 0.00
074 W000100 0.0000
074 X000100 160
074 Y000100 0
075 A000100 0
075 B000100 1432
076 000100 0.00
SIGNATURE MICHAEL BOYLE
TITLE PRESIDENT
Board of Directors
Boyle Marathon Fund:
In planning and performing our audit of the financial statements of Boyle
Marathon Fund for the year ended June 30, 1999, we considered its internal
control structure, including procedures for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of Form N-SAR, not
to provide assurance on the internal control structure.
The management of Boyle Marathon Fund is responsible for establishing and
maintaining an internal control structure. In fulfilling this responsibility,
estimates and judgments by management are required to assess the expected
benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and transactions
are executed in accordance with management's authorization and recorded properly
to permit preparation of financial statements in conformity with generally
accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and may not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
June 30, 1999.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
McCurdy & Associates CPA's, Inc.
Westlake, Ohio
July 15, 1999
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 1,355,549
<INVESTMENTS-AT-VALUE> 2,058,171
<RECEIVABLES> 519
<ASSETS-OTHER> 7,254
<OTHER-ITEMS-ASSETS> 24,398
<TOTAL-ASSETS> 2,090,342
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23,935
<TOTAL-LIABILITIES> 23,935
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,487,140
<SHARES-COMMON-STOCK> 141,428
<SHARES-COMMON-PRIOR> 95,569
<ACCUMULATED-NII-CURRENT> (45,663)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (77,692)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 702,622
<NET-ASSETS> 2,066,407
<DIVIDEND-INCOME> 2,604
<INTEREST-INCOME> 2,963
<OTHER-INCOME> 0
<EXPENSES-NET> 48,032
<NET-INVESTMENT-INCOME> (42,465)
<REALIZED-GAINS-CURRENT> (77,692)
<APPREC-INCREASE-CURRENT> 647,127
<NET-CHANGE-FROM-OPS> 526,970
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 45,859
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 526,970
<ACCUMULATED-NII-PRIOR> (3,197)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 21,278
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 48,032
<AVERAGE-NET-ASSETS> 1,431,525
<PER-SHARE-NAV-BEGIN> 10.31
<PER-SHARE-NII> (0.36)
<PER-SHARE-GAIN-APPREC> 4.66
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.61
<EXPENSE-RATIO> 3.36
</TABLE>