<PAGE> PAGE 1
000 A000000 09/30/96
000 C000000 0000017271
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 CAPITAL PRESERVATION FUND, INC.
001 B000000 811-2247
001 C000000 8165315575
002 A000000 4500 MAIN
002 B000000 KANSAS CITY
002 C000000 MO
002 D010000 64141
002 D020000 6200
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 CAPITAL PRESERVATION 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 BENHAM MANAGEMENT CORPORATION
008 B00AA01 A
008 C00AA01 801-8298
008 D01AA01 MOUNTAIN VIEW
008 D02AA01 CA
008 D03AA01 93043
008 D04AA01 1211
010 A00AA01 TWENTIETH CENTURY SERVICES, INC.
010 B00AA01 84-1406
010 C01AA01 KANSAS CITY
010 C02AA01 MO
010 C03AA01 64141
010 C04AA01 6200
010 A00AA02 BENHAM FINANCIAL SERVICES, INC.
010 B00AA02 84-1365
010 C01AA02 MOUNTAIN VIEW
<PAGE> PAGE 2
010 C02AA02 CA
010 C03AA02 94043
010 C04AA02 1211
011 A00AA01 BENHAM DISTRIBUTORS, INC.
011 B00AA01 8-36938
011 C01AA01 MOUNTAIN VIEW
011 C02AA01 CA
011 C03AA01 94043
011 A00AA02 TWENTIETH CENTURY SERVICES, INC.
011 B00AA02 8-35220
011 C01AA02 KANSAS CITY
011 C02AA02 MO
011 C03AA02 64141
011 C04AA02 6200
012 A00AA01 TWENTIETH CENTURY SERVICES, INC.
012 B00AA01 84-1406
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64141
012 C04AA01 6200
012 A00AA02 BENHAM FINANCIAL SERVICES, INC.
012 B00AA02 84-1365
012 C01AA02 MOUNTAIN VIEW
012 C02AA02 CA
012 C03AA02 94043
012 C04AA02 1211
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 KANSAS CITY
013 B02AA01 MO
013 B03AA01 64111
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02101
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 66
019 C00AA00 TWENTCENIN
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
<PAGE> PAGE 3
022 A000001 BANK OF AMERCIA
022 B000001 94-1687665
022 C000001 4033630
022 D000001 2024056
022 A000002 HONG KONG AND SHANGHAI
022 B000002 13-2650272
022 C000002 2586185
022 D000002 1714042
022 A000003 LEHMAN BROTHERS
022 B000003 13-2518466
022 C000003 1744551
022 D000003 1579959
022 A000004 DILLON REED
022 B000004 13-1939216
022 C000004 2038822
022 D000004 992167
022 A000005 PRUDENTIAL SECURITIES
022 B000005 22-2347336
022 C000005 1479107
022 D000005 1092439
022 A000006 B T SECURITIES
022 C000006 789108
022 D000006 805758
022 A000007 EASTBRIDGE CAP
022 B000007 13-3501117
022 C000007 1268111
022 D000007 303861
022 A000008 AUBREY LANSTON
022 C000008 570165
022 D000008 149852
022 A000009 HSBC MARKETS
022 C000009 365495
022 D000009 247258
022 A000010 BANKERS TRUST
022 C000010 311171
022 D000010 263529
023 C000000 17725875
023 D000000 10337724
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 N
026 C000000 N
026 D000000 Y
<PAGE> PAGE 4
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A01AA00 204767
028 A02AA00 11768
028 A03AA00 0
028 A04AA00 275135
028 B01AA00 193016
028 B02AA00 11369
028 B03AA00 0
028 B04AA00 184696
028 C01AA00 173888
028 C02AA00 10415
028 C03AA00 0
028 C04AA00 196304
028 D01AA00 227633
028 D02AA00 12284
028 D03AA00 0
028 D04AA00 192005
028 E01AA00 156337
028 E02AA00 12039
028 E03AA00 0
028 E04AA00 181293
028 F01AA00 206400
028 F02AA00 11146
028 F03AA00 0
028 F04AA00 262907
028 G01AA00 1162041
028 G02AA00 69021
028 G03AA00 0
028 G04AA00 1292340
028 H00AA00 0
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 Y
040 00AA00 N
042 A00AA00 0
<PAGE> PAGE 5
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.000
048 A01AA00 100000
048 A02AA00 0.500
048 B01AA00 100000
048 B02AA00 0.450
048 C01AA00 100000
048 C02AA00 0.400
048 D01AA00 100000
048 D02AA00 0.350
048 E01AA00 100000
048 E02AA00 0.300
048 F01AA00 1000000
048 F02AA00 0.250
048 G01AA00 1000000
048 G02AA00 0.240
048 H01AA00 1000000
048 H02AA00 0.230
048 I01AA00 1000000
048 I02AA00 0.220
048 J01AA00 1000000
048 J02AA00 0.210
048 K01AA00 6500000
048 K02AA00 0.190
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 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
<PAGE> PAGE 6
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 N
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 2500
062 A00AA00 Y
062 B00AA00 100.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 46
063 B00AA00 0.0
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 N
070 A02AA00 N
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
<PAGE> PAGE 7
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 N
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 N
070 L01AA00 N
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 N
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 Y
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
071 A00AA00 0
071 B00AA00 0
071 C00AA00 0
071 D00AA00 0
072 A00AA00 6
072 B00AA00 78858
072 C00AA00 0
072 D00AA00 0
072 E00AA00 0
072 F00AA00 4085
072 G00AA00 1465
072 H00AA00 0
072 I00AA00 1266
072 J00AA00 101
072 K00AA00 145
072 L00AA00 134
072 M00AA00 36
072 N00AA00 36
072 O00AA00 0
072 P00AA00 0
072 Q00AA00 0
072 R00AA00 27
072 S00AA00 16
072 T00AA00 0
072 U00AA00 0
072 V00AA00 0
<PAGE> PAGE 8
072 W00AA00 72
072 X00AA00 7383
072 Y00AA00 0
072 Z00AA00 71475
072AA00AA00 0
072BB00AA00 0
072CC01AA00 0
072CC02AA00 0
072DD01AA00 71475
072DD02AA00 0
072EE00AA00 0
073 A01AA00 0.0234
073 A02AA00 0.0000
073 B00AA00 0.0000
073 C00AA00 0.0000
074 A00AA00 21127
074 B00AA00 0
074 C00AA00 2975729
074 D00AA00 0
074 E00AA00 0
074 F00AA00 0
074 G00AA00 0
074 H00AA00 0
074 I00AA00 0
074 J00AA00 0
074 K00AA00 0
074 L00AA00 30961
074 M00AA00 36
074 N00AA00 3027853
074 O00AA00 0
074 P00AA00 1202
074 Q00AA00 0
074 R01AA00 0
074 R02AA00 0
074 R03AA00 0
074 R04AA00 10370
074 S00AA00 0
074 T00AA00 3016281
074 U01AA00 3016281
074 U02AA00 0
074 V01AA00 1.00
074 V02AA00 0.00
074 W00AA00 1.0002
074 X00AA00 87974
074 Y00AA00 0
075 A00AA00 3052236
075 B00AA00 0
076 00AA00 0.00
077 A000000 N
078 000000 N
080 C00AA00 0
<PAGE> PAGE 9
081 B00AA00 0
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
086 A01AA00 0
086 A02AA00 0
086 B01AA00 0
086 B02AA00 0
086 C01AA00 0
086 C02AA00 0
086 D01AA00 0
086 D02AA00 0
086 E01AA00 0
086 E02AA00 0
086 F01AA00 0
086 F02AA00 0
SIGNATURE MARYANNE ROEPKE
TITLE CONTROLLER
