<PAGE> PAGE 1
000 A000000 06/30/99
000 C000000 0000015260
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 DOLLAR RESERVES, INC.
001 B000000 811-2474
001 C000000 2127850900
002 A000000 11 HANOVER SQUARE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10005
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
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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 MIDAS MANAGEMENT CORPORATION
008 B000001 A
008 C000001 801-49079
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10005
011 A000001 INVESTOR SERVICE CENTER, INC.
011 B000001 8-29751
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10005
012 A000001 DST SYSTEMS, INC.
012 B000001 84-00448
012 C010001 KANSAS CITY
012 C020001 NY
012 C030001 64105
013 A000001 TAIT, WELLER & BAKER
013 B010001 PHILADELPHIA
013 B020001 PA
<PAGE> PAGE 2
013 B030001 19103
014 A000001 BULL & BEAR SECURITIES, INC.
014 B000001 8-31732
015 A000001 INVESTORS FIDUCIARY TRUST COMPANY
015 B000001 C
015 C010001 KANSAS CITY
015 C020001 MO
015 C030001 64105
015 E010001 X
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019 A000000 Y
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019 C000000 MIDASFUNDS
020 C000001 0
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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 GOLDMAN SACHS & CO.
022 B000001 13-5108880
022 C000001 22629
022 D000001 2496
022 A000002 PAINE WEBBER SECURITIES INC.
022 B000002 13-2638166
022 C000002 17855
022 D000002 0
022 A000003 SALOMAN SMITH BARNEY
022 B000003 13-3082694
022 C000003 14367
022 D000003 0
022 A000004 LEGG MASON WOOD WALKER INC.
022 B000004 ----------
022 C000004 10261
022 D000004 3771
022 A000005 NATIONS BANK
022 B000005 ----------
022 C000005 11700
022 D000005 0
022 A000006 SPEAR LEEDS KELLOGG
022 B000006 13-5515160
022 C000006 7463
022 D000006 0
022 A000007 SEATTLE NORTHWEST SECURITIES CORP.
022 B000007 91-1172183
022 C000007 7356
<PAGE> PAGE 3
022 D000007 0
022 A000008 CS FIRST BOSTON
022 B000008 ----------
022 C000008 6425
022 D000008 0
022 A000009 BARCLAYS & CO.
022 B000009 58-1550508
022 C000009 5736
022 D000009 0
022 A000010 BANK OF NEW YORK
022 B000010 ----------
022 C000010 3200
022 D000010 0
023 C000000 112024
023 D000000 6268
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
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025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 N
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026 E000000 N
026 F000000 N
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026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 2848
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<PAGE> PAGE 4
028 E020000 230
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048 B010000 250000
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<PAGE> PAGE 5
048 E020000 0.000
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<PAGE> PAGE 6
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070 E010000 N
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070 F020000 N
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<PAGE> PAGE 7
070 P020000 N
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<PAGE> PAGE 8
074 F000000 0
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080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000 3000
081 A000000 Y
081 B000000 13
082 A000000 Y
082 B000000 25
083 A000000 N
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084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
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<PAGE> PAGE 9
086 E020000 0
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SIGNATURE JOE LEUNG
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from Dollar
Reserves Semi-Annual Report and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<CIK> 0000015260
<NAME> Dollar Reserves, Inc.
<MULTIPLIER> 1
<CURRENCY> U.S. Dollar
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> Dec-31-1999
<PERIOD-START> Jan-01-1999
<PERIOD-END> Jun-30-1999
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 65,649,033
<INVESTMENTS-AT-VALUE> 65,649,033
<RECEIVABLES> 894,734
<ASSETS-OTHER> 123,290
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 66,667,057
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 127,505
<TOTAL-LIABILITIES> 127,505
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 66,544,965
<SHARES-COMMON-STOCK> 66,539,552
<SHARES-COMMON-PRIOR> 65,535,205
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,413)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 66,539,552
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,650,704
<OTHER-INCOME> 0
<EXPENSES-NET> 300,178
<NET-INVESTMENT-INCOME> 1,350,526
<REALIZED-GAINS-CURRENT> 172
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,350,698
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,350,526
<DISTRIBUTIONS-OF-GAINS> 172
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27,339,761
<NUMBER-OF-SHARES-REDEEMED> 27,682,884
<SHARES-REINVESTED> 1,347,470
<NET-CHANGE-IN-ASSETS> 1,004,347
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (5,413)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 164,882
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 436,177
<AVERAGE-NET-ASSETS> 66,565,580
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .020
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .020
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .92
</TABLE>
