<PAGE> PAGE 1
000 A000000 12/31/98
000 C000000 0000025175
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 IAA TRUST GROWTH FUND, INC.
001 B000000 811-1338
001 C000000 3095573222
002 A000000 808 IAA DRIVE
002 B000000 BLOOMINGTON
002 C000000 IL
002 D010000 61702
003 000000 N
004 000000 N
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 IAA TRUST COMPANY
008 B000001 A
008 C000001 801-000000
008 D010001 BLOOMINGTON
008 D020001 IL
008 D030001 61702
010 A000001 FIRST DATA INVESTOR SERVICES GROUP, INC.
010 B000001 84-1761
010 C010001 KING OF PRUSSIA
010 C020001 PA
010 C030001 19406
010 C040001 0903
011 A000001 FIRST DATA DISTRIBUTORS INC.
011 B000001 8-45467
011 C010001 WESTBOROUGH
011 C020001 MA
011 C030001 01581
011 C040001 0000
012 A000001 FIRST DATA INVESTOR SERVICES GROUP, INC.
<PAGE> PAGE 2
012 B000001 84-1761
012 C010001 KING OF PRUSSIA
012 C020001 PA
012 C030001 19406
013 A000001 COOPERS & LYBRAND LLP
013 B010001 PHILADELPHIA
013 B020001 PA
013 B030001 19103
015 A000001 IAA TRUST COMPANY
015 B000001 C
015 C010001 BLOOMINGTON
015 C020001 IL
015 C030001 61702
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 6
019 C000000 IAATRSTFDS
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000001 13-5674085
020 C000001 24
020 A000002 BEAR STEARNS & CO.
020 B000002 13-3299429
020 C000002 23
020 A000003 WERTHEIM & CO
020 B000003 13-2697272
020 C000003 20
020 A000004 SMITH BARNEY SHEARSON
020 B000004 13-1912900
020 C000004 13
020 A000005 LIPPER ANALYTICAL SERVICES
020 B000005 13-2792478
020 C000005 8
020 A000006 MORGAN STANLEY & CO.
020 B000006 13-2655998
020 C000006 6
020 A000007 WEEDEN & CO.
020 B000007 13-3364318
020 C000007 6
020 A000008 EVERN RESEARCH
020 B000008 34-1542819
020 C000008 3
020 A000009 PRUDENTIAL FUNDING
020 B000009 22-2347336
020 C000009 2
020 C000010 0
021 000000 105
022 A000001 FEDERATED MANAGEMENT CORP.
022 B000001 25-1203925
022 C000001 25512
022 D000001 21999
<PAGE> PAGE 3
022 A000002 DREYFUS CORP
022 B000002 13-5673135
022 C000002 6345
022 D000002 5617
022 A000003 MERRILL LYNCH PIERCE FENNER & SMITH INC.
022 B000003 13-5674085
022 C000003 2227
022 D000003 4096
022 A000004 HOUSEHOLD FINANCE CORP.
022 B000004 36-1239445
022 C000004 3000
022 D000004 0
022 A000005 COMERCIA SECURITIES
022 B000005 38-2621207
022 C000005 2953
022 D000005 0
022 A000006 LEHMAN BROTHERS, INC.
022 B000006 13-2518466
022 C000006 2722
022 D000006 0
022 A000007 PRUDENTIAL FUNDING
022 B000007 13-2308901
022 C000007 2500
022 D000007 0
022 A000008 SMITH BARNEY SHEARSON
022 B000008 13-1912900
022 C000008 922
022 D000008 1265
022 A000009 AMERICAN EXPRESS
022 B000009 13-2985263
022 C000009 2175
022 D000009 0
022 A000010 TEXACO FINANCIAL SERVICES
022 C000010 2078
022 D000010 0
023 C000000 58969
023 D000000 38420
024 000000 N
025 A000001 DELETE
025 D000001 0
025 A000002 DELETE
025 D000002 0
025 A000003 DELETE
025 D000003 0
025 A000004 DELETE
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
<PAGE> PAGE 4
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 852
028 A020000 6496
028 A030000 0
028 A040000 3282
028 B010000 306
028 B020000 -1
028 B030000 0
028 B040000 3105
028 C010000 387
028 C020000 -1
028 C030000 0
028 C040000 3635
028 D010000 368
028 D020000 0
028 D030000 0
028 D040000 1203
028 E010000 507
028 E020000 0
028 E030000 0
028 E040000 1757
028 F010000 473
028 F020000 2893
028 F030000 0
028 F040000 1651
028 G010000 2893
028 G020000 9387
028 G030000 0
028 G040000 14633
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
<PAGE> PAGE 5
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 100
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 22
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.750
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
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 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
<PAGE> PAGE 6
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 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 1000
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
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 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 Y
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
<PAGE> PAGE 7
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 N
070 J020000 N
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 27746
071 B000000 40962
071 C000000 137778
071 D000000 20
072 A000000 6
072 B000000 281
072 C000000 927
072 D000000 0
072 E000000 0
072 F000000 556
072 G000000 62
072 H000000 0
072 I000000 39
072 J000000 15
072 K000000 0
072 L000000 7
072 M000000 3
072 N000000 4
<PAGE> PAGE 8
072 O000000 0
072 P000000 0
072 Q000000 31
072 R000000 19
072 S000000 4
072 T000000 22
072 U000000 0
072 V000000 0
072 W000000 11
072 X000000 773
072 Y000000 15
072 Z000000 450
072AA000000 5474
072BB000000 0
072CC010000 6553
072CC020000 0
072DD010000 1019
072DD020000 0
072EE000000 8886
073 A010000 0.1500
073 A020000 0.0000
073 B000000 1.3038
073 C000000 0.0000
074 A000000 1
074 B000000 0
074 C000000 5241
074 D000000 0
074 E000000 0
074 F000000 150613
074 G000000 0
074 H000000 0
074 I000000 4427
074 J000000 192
074 K000000 0
074 L000000 420
074 M000000 13
074 N000000 160907
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 373
074 S000000 0
074 T000000 160534
074 U010000 6828
074 U020000 0
074 V010000 23.51
074 V020000 0.00
074 W000000 0.0000
<PAGE> PAGE 9
074 X000000 2867
074 Y000000 0
075 A000000 0
075 B000000 147719
076 000000 0.00
077 A000000 Y
077 Q010000 Y
078 000000 N
080 A000000 IAA TRUST COMPANY
080 C000000 1600
081 A000000 Y
081 B000000 6
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
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE KELLY O'NEILL
TITLE ADMINISTRATOR
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000025175
<NAME> IAA TRUST GROWTH FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 106939373
<INVESTMENTS-AT-VALUE> 160281426
<RECEIVABLES> 612012
<ASSETS-OTHER> 13447
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 160906885
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 372646
<TOTAL-LIABILITIES> 372646
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 104314154
<SHARES-COMMON-STOCK> 6828112
<SHARES-COMMON-PRIOR> 6959280
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 8937
<ACCUMULATED-NET-GAINS> 2886969
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 53342053
<NET-ASSETS> 160534239
<DIVIDEND-INCOME> 927216
<INTEREST-INCOME> 280609
<OTHER-INCOME> 0
<EXPENSES-NET> 757938
<NET-INVESTMENT-INCOME> 449887
<REALIZED-GAINS-CURRENT> 5747391
<APPREC-INCREASE-CURRENT> 6552800
<NET-CHANGE-FROM-OPS> 12477078
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1018529
<DISTRIBUTIONS-OF-GAINS> 8886026
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 133524
<NUMBER-OF-SHARES-REDEEMED> 688724
<SHARES-REINVESTED> 424032
<NET-CHANGE-IN-ASSETS> 219691
<ACCUMULATED-NII-PRIOR> 559705
<ACCUMULATED-GAINS-PRIOR> 6298604
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 556222
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 772584
<AVERAGE-NET-ASSETS> 147116769
<PER-SHARE-NAV-BEGIN> 23.04
<PER-SHARE-NII> .07
<PER-SHARE-GAIN-APPREC> 1.85
<PER-SHARE-DIVIDEND> .15
<PER-SHARE-DISTRIBUTIONS> 1.30
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.51
<EXPENSE-RATIO> 1.02
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>