<PAGE> PAGE 1
000 B000000 07/31/98
000 C000000 0000013083
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 BOND PORTFOLIO FOR ENDOWMENTS, INC.
001 B000000 811-2210
001 C000000 4154219360
002 A000000 ONE MARKET, STEUART TOWER
002 B000000 SAN FRANCISCO
002 C000000 CA
002 D010000 94105
002 D020000 1409
003 000000 N
004 000000 Y
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
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 A000001 CAPITAL RESEARCH AND MANAGEMENT COMPANY
008 B000001 A
008 C000001 801-8055
008 D010001 LOS ANGELES
008 D020001 CA
008 D030001 90071
008 D040001 1402
012 A000001 AMERICAN FUNDS SERVICE COMPANY
012 B000001 84-00316
012 C010001 BREA
012 C020001 CA
012 C030001 92622
012 C040001 2205
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 LOS ANGELES
013 B020001 CA
013 B030001 90017
013 B040001 1532
<PAGE> PAGE 2
015 A000001 CHASE MANHATTAN BANK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10081
015 E010001 X
015 A000002 CEDEL S.A.
015 B000002 S
015 C010002 LUXEMBOURG
015 D010002 LUXEMBOURG
015 E040002 X
018 000000 Y
019 A000000 Y
019 B000000 40
019 C000000 CRMCFNDGRP
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 GENERAL ELECTRIC CAPITAL CORP
022 B000001 13-1500700
022 C000001 120679
022 D000001 0
022 A000002 ASSOCIATES CORP OF NORTH AMERICA
022 B000002 74-1494554
022 C000002 65209
022 D000002 0
022 A000003 GOLDMAN, SACHS & CO
022 B000003 13-5108880
022 C000003 7274
022 D000003 6321
022 A000004 LEHMAN BROTHERS
022 B000004 13-2518466
022 C000004 8112
022 D000004 1733
022 A000005 SALOMON BROTHERS SMITH BARNEY, INC
022 B000005 13-2919773
022 C000005 1416
022 D000005 1835
022 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH INC
022 B000006 13-5674085
022 C000006 1581
022 D000006 908
022 A000007 BT SECURITIES CORP
<PAGE> PAGE 3
022 B000007 13-3311934
022 C000007 2183
022 D000007 0
022 A000008 UBS SECURITIES LLC
022 B000008 13-3873456
022 C000008 270
022 D000008 1119
022 A000009 J.P. MORGAN & CO, INC
022 B000009 13-2625764
022 C000009 1099
022 D000009 258
022 A000010 CS FIRST BOSTON CORP
022 B000010 13-5659485
022 C000010 268
022 D000010 1085
023 C000000 209301
023 D000000 20145
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 Y
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
028 A010000 202
028 A020000 0
028 A030000 0
028 A040000 94
028 B010000 183
028 B020000 203
028 B030000 0
028 B040000 27
028 C010000 259
028 C020000 0
028 C030000 0
028 C040000 697
028 D010000 50
028 D020000 0
028 D030000 0
<PAGE> PAGE 4
028 D040000 678
028 E010000 66
028 E020000 204
028 E030000 0
028 E040000 392
028 F010000 390
028 F020000 87
028 F030000 0
028 F040000 252
028 G010000 1150
028 G020000 494
028 G030000 0
028 G040000 2140
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 N
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 150000
048 A020000 0.500
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
<PAGE> PAGE 5
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 150000
048 K020000 0.400
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 Y
053 C000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 50000
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
<PAGE> PAGE 6
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 38.5
062 N000000 10.8
062 O000000 0.0
062 P000000 40.4
062 Q000000 3.9
062 R000000 0.0
063 A000000 0
063 B000000 8.6
064 A000000 Y
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 N
070 O020000 N
<PAGE> PAGE 7
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 14162
071 B000000 15734
071 C000000 28101
071 D000000 50
072 A000000 12
072 B000000 2333
072 C000000 22
072 D000000 0
072 E000000 0
072 F000000 155
072 G000000 0
072 H000000 0
072 I000000 0
072 J000000 0
072 K000000 0
072 L000000 25
072 M000000 0
072 N000000 25
072 O000000 25
072 P000000 0
072 Q000000 0
072 R000000 33
072 S000000 42
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 29
072 X000000 334
072 Y000000 103
072 Z000000 2123
072AA000000 543
072BB000000 0
072CC010000 0
072CC020000 653
072DD010000 2405
072DD020000 0
072EE000000 0
073 A010000 1.3400
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 1434
074 B000000 0
074 C000000 0
074 D000000 26762
<PAGE> PAGE 8
074 E000000 443
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 2
074 K000000 32
074 L000000 484
074 M000000 0
074 N000000 29157
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 78
074 S000000 0
074 T000000 29079
074 U010000 1717
074 U020000 0
074 V010000 16.93
074 V020000 0.00
074 W000000 0.0000
074 X000000 81
074 Y000000 0
075 A000000 0
075 B000000 30914
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 C000000 Y
078 000000 N
080 A000000 NATIONAL UNION FIRE INSURANCE COMPANY
080 B000000 CHUBB CUSTOM INSURANCE 2)ICI MUTUAL INSURANCE
080 C000000 65000
081 A000000 Y
081 B000000 59
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
<PAGE> PAGE 9
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE PATRICK F. QUAN
TITLE SECRETARY
INDEPENDENT AUDITORS' REPORT
Endowments Bond Portfolio:
In planning and performing our audit of the financial
statements of Endowments Bond Portfolio (formerly Bond
Portfolio for Endowments, Inc.) (the "Fund") for the year
ended July 31, 1998 (on which we have issued our report dated
August 28, 1998), we considered its internal control,
including control activities 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, and not to provide
assurance on the Fund's internal control.
The management of the Fund is responsible for establishing and
maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in
conformity with generally accepted accounting principles.
Those controls include the safeguarding of assets against
unauthorized acquisition, use, or disposition.
Because of inherent limitations in any internal control,
errors or fraud may occur and may not be detected. Also,
projection of any evaluation of internal control 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 Fund's internal control would not
necessarily disclose all matters in internal control 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 one or more of the internal control components
does not reduce to a relatively low level the risk that errors
or fraud 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 Fund's internal control and its
operation, including controls for safeguarding securities,
that we consider to be material weaknesses as defined above as
of July 31, 1998.
This report is intended solely for the information and use of
management, the Board of Directors of Endowments Bond
Portfolio and the Securities and Exchange Commission.
DELOITTE & TOUCHE LLP
Los Angeles, California
August 28, 1998
<TABLE> <S> <C>
<ARTICLE> 6
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-START> AUG-01-1997
<PERIOD-END> JUL-31-1998
<INVESTMENTS-AT-COST> 27,233
<INVESTMENTS-AT-VALUE> 27,205
<RECEIVABLES> 518
<ASSETS-OTHER> 1,434
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,158
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 78
<TOTAL-LIABILITIES> 78
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 29,116
<SHARES-COMMON-STOCK> 1,717,266
<SHARES-COMMON-PRIOR> 1,924,044
<ACCUMULATED-NII-CURRENT> 33,033
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (316)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (27,743)
<NET-ASSETS> 29,079
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,354
<OTHER-INCOME> 0
<EXPENSES-NET> 231
<NET-INVESTMENT-INCOME> 2,123
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> (654)
<NET-CHANGE-FROM-OPS> 2,013
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,405
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 129,544
<NUMBER-OF-SHARES-REDEEMED> 393,839
<SHARES-REINVESTED> 57,517
<NET-CHANGE-IN-ASSETS> (3,561)
<ACCUMULATED-NII-PRIOR> 274
<ACCUMULATED-GAINS-PRIOR> (543)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 155
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 334
<AVERAGE-NET-ASSETS> 30,914
<PER-SHARE-NAV-BEGIN> 17.17
<PER-SHARE-NII> 1.19
<PER-SHARE-GAIN-APPREC> (0.09)
<PER-SHARE-DIVIDEND> 1.34
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.93
<EXPENSE-RATIO> .008
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
