<PAGE> PAGE 1
000 B000000 06/30/1999
000 C000000 0001072377
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 MORGAN KEEGAN SELECT FUND, INC.
001 B000000 811-09079
001 C000000 9015244100
002 A000000 50 NORTH FRONT STREET
002 B000000 MEMPHIS
002 C000000 TN
002 D010000 38103
003 000000 Y
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 MORGAN KEEGAN INTERMEDIATE BOND FUND
007 C030100 N
007 C010200 2
007 C020200 MORGAN KEEGAN HIGH INCOME BOND FUND
007 C030200 N
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 MORGAN ASSET MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-27629
008 D01AA01 MEMPHIS
008 D02AA01 TN
008 D03AA01 38103
011 A00AA01 MORGAN KEEGAN & COMPANY, INC.
011 B00AA01 8-15001
011 C01AA01 MEMPHIS
011 C02AA01 TN
011 C03AA01 38103
012 A00AA01 MORGAN KEEGAN & COMPANY, INC.
012 B00AA01 84-01755
012 C01AA01 MEMPHIS
012 C02AA01 TN
<PAGE> PAGE 2
012 C03AA01 38103
013 A00AA01 KPMG PEAT MARWICK
013 B01AA01 MEMPHIS
013 B02AA01 TN
013 B03AA01 38103
014 A00AA01 MORGAN KEEGAN & COMPANY, INC.
014 B00AA01 8-15001
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 QUINCY
015 C02AA01 MA
015 C03AA01 02171
015 E01AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 NONE
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 LEHMAN'S
022 B000001 13-2518466
022 C000001 6202
022 D000001 0
022 A000002 ROBINSON HUMPHREY
022 B000002 13-2518466
022 C000002 2835
022 D000002 0
022 A000003 DEUTSCHE BANK
022 B000003 13-2730828
022 C000003 2100
022 D000003 191
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
<PAGE> PAGE 3
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 11137
023 D000000 191
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 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 Y
040 00AA00 Y
041 00AA00 Y
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
<PAGE> PAGE 4
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
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
070 A01AA00 Y
070 A02AA00 Y
070 B01AA00 N
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 N
070 K02AA00 N
070 L01AA00 Y
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 Y
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
<PAGE> PAGE 5
070 R01AA00 N
070 R02AA00 N
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
078 000000 N
080 A00AA00 PROGRESSIVE INSURANCE COMPANY
080 C00AA00 1000
081 A00AA00 Y
081 B00AA00 2
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
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 0
028 A020100 0
028 A030100 0
028 A040100 0
028 B010100 0
028 B020100 0
028 B030100 0
<PAGE> PAGE 6
028 B040100 0
028 C010100 0
028 C020100 0
028 C030100 0
028 C040100 0
028 D010100 1114
028 D020100 0
028 D030100 0
028 D040100 45
028 E010100 2375
028 E020100 0
028 E030100 0
028 E040100 0
028 F010100 2825
028 F020100 0
028 F030100 0
028 F040100 0
028 G010100 6315
028 G020100 0
028 G030100 0
028 G040100 45
028 H000100 2600
029 000100 Y
030 A000100 65
030 B000100 2.00
030 C000100 0.00
031 A000100 36
031 B000100 0
032 000100 0
033 000100 29
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 100
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 2
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 0
048 A020100 0.400
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
<PAGE> PAGE 7
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
062 A000100 Y
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 48.0
062 Q000100 42.0
062 R000100 0.0
063 A000100 10
063 B000100 0.0
064 A000100 Y
064 B000100 N
071 A000100 6388
071 B000100 191
071 C000100 2867
071 D000100 6
072 A000100 3
072 B000100 68
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 4
072 G000100 0
072 H000100 0
072 I000100 7
072 J000100 3
<PAGE> PAGE 8
072 K000100 0
072 L000100 0
072 M000100 2
072 N000100 2
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 7
072 S000100 7
072 T000100 2
072 U000100 0
072 V000100 0
072 W000100 0
072 X000100 30
072 Y000100 22
072 Z000100 59
072AA000100 1
072BB000100 0
072CC010100 0
072CC020100 99
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.1600
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 73
074 B000100 0
074 C000100 0
074 D000100 6097
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 98
074 M000100 0
074 N000100 6268
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 48
074 S000100 0
074 T000100 6220
074 U010100 321529
<PAGE> PAGE 9
074 U020100 201633
074 V010100 9.85
074 V020100 9.85
074 W000100 0.0000
074 X000100 96
074 Y000100 0
075 A000100 0
075 B000100 1520
076 000100 0.00
028 A010200 0
028 A020200 0
028 A030200 0
028 A040200 0
028 B010200 0
028 B020200 0
028 B030200 0
028 B040200 0
028 C010200 0
028 C020200 0
028 C030200 0
028 C040200 0
028 D010200 2153
028 D020200 0
028 D030200 0
028 D040200 37
028 E010200 2007
028 E020200 0
028 E030200 0
028 E040200 0
028 F010200 1892
028 F020200 0
028 F030200 0
028 F040200 0
028 G010200 6052
028 G020200 0
028 G030200 0
028 G040200 37
028 H000200 800
029 000200 Y
030 A000200 25
030 B000200 2.50
030 C000200 0.00
031 A000200 14
031 B000200 0
032 000200 0
033 000200 11
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 100
042 E000200 0
<PAGE> PAGE 10
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 4
044 000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 0
048 A020200 0.750
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 59.0
062 Q000200 36.0
062 R000200 0.0
063 A000200 0
063 B000200 15.0
<PAGE> PAGE 11
064 A000200 Y
064 B000200 N
071 A000200 5817
071 B000200 0
071 C000200 2974
071 D000200 14
072 A000200 3
072 B000200 77
072 C000200 2
072 D000200 0
072 E000200 0
072 F000200 6
072 G000200 0
072 H000200 0
072 I000200 6
072 J000200 2
072 K000200 0
072 L000200 0
072 M000200 1
072 N000200 1
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 7
072 S000200 7
072 T000200 4
072 U000200 0
072 V000200 0
072 W000200 1
072 X000200 35
072 Y000200 23
072 Z000200 67
072AA000200 0
072BB000200 0
072CC010200 0
072CC020200 40
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.2000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 162
074 B000200 0
074 C000200 0
074 D000200 5509
074 E000200 267
074 F000200 0
074 G000200 0
074 H000200 0
<PAGE> PAGE 12
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 148
074 M000200 0
074 N000200 6086
074 O000200 0
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 60
074 S000200 0
074 T000200 6026
074 U010200 101096
074 U020200 399451
074 V010200 10.17
074 V020200 10.17
074 W000200 0.0000
074 X000200 0
074 Y000200 99
075 A000200 0
075 B000200 1480
076 000200 0.00
SIGNATURE CHARLES D. MAXWELL
TITLE ASST. TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 5816519
<INVESTMENTS-AT-VALUE> 5776257
<RECEIVABLES> 69340
<ASSETS-OTHER> 239939
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6085536
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 60463
<TOTAL-LIABILITIES> 60463
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6065335
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (40262)
<NET-ASSETS> 6025073
<DIVIDEND-INCOME> 2268
<INTEREST-INCOME> 76597
<OTHER-INCOME> 0
<EXPENSES-NET> 11849
<NET-INVESTMENT-INCOME> 67016
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> (40262)
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 589477
<NUMBER-OF-SHARES-REDEEMED> (3628)
<SHARES-REINVESTED> 1261
<NET-CHANGE-IN-ASSETS> 5975073
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 9907
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 67016
<AVERAGE-NET-ASSETS> 6025073
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .20
<PER-SHARE-GAIN-APPREC> .18
<PER-SHARE-DIVIDEND> (.20)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.18
<EXPENSE-RATIO> 1.25
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 6197049
<INVESTMENTS-AT-VALUE> 6097056
<RECEIVABLES> 0
<ASSETS-OTHER> 171547
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6268603
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 48216
<TOTAL-LIABILITIES> 48216
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6319945
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 435
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (99996)
<NET-ASSETS> 6220387
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 67823
<OTHER-INCOME> 0
<EXPENSES-NET> 8489
<NET-INVESTMENT-INCOME> 59334
<REALIZED-GAINS-CURRENT> 435
<APPREC-INCREASE-CURRENT> (90993)
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (59334)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 629179
<NUMBER-OF-SHARES-REDEEMED> (4515)
<SHARES-REINVESTED> 1996
<NET-CHANGE-IN-ASSETS> 6170387
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6171
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8489
<AVERAGE-NET-ASSETS> 6220387
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .16
<PER-SHARE-GAIN-APPREC> (.15)
<PER-SHARE-DIVIDEND> (.16)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.85
<EXPENSE-RATIO> .06
</TABLE>