<PAGE>
000 B000000 10/31/97
000 C000000 0000002691
000 D000000 N
000 E000000 F
000 F000000 Y
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000 I000000 3.0
000 J000000 U
001 A000000 AFFILIATED FUND, INC.
001 B000000 811-5
001 C000000 2128481870
002 A000000 767 FIFTH AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10153
002 D020000 0101
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
022 A000001 FORD MOTOR CREDIT CORP.
022 B000001 38-1612444
022 C000001 1901500
022 D000001 1881500
022 A000002 GENERAL ELECTRIC CAPITAL CORP.
022 B000002 13-5100700
022 C000002 1711500
022 D000002 1706500
022 A000003 UTENDAHL CAPITAL PARTNERS, L.P.
022 B000003 13-3663000
022 C000003 797319
022 D000003 814277
022 A000004 PRUDENTIAL FUNDING CO.
022 B000004 22-5531168
022 C000004 522000
022 D000004 472000
022 A000005 AMERICAN EXPRESS CREDIT CO.
022 B000005 11-1988350
022 C000005 397000
022 D000005 401000
022 A000006 BANK OF AMERICA
022 B000006 94-1687665
022 C000006 221665
022 D000006 221665
022 A000007 BA SECURITIES, INC.
022 B000007 95-4035346
022 C000007 171492
022 D000007 171492
022 A000008 CHEVRON OIL FINANCE CO.
<PAGE>
022 B000008 25-1215010
022 C000008 111500
022 D000008 29500
022 A000009 DEAN WITTER REYNOLDS INC.
022 B000009 94-1671384
022 C000009 72592
022 D000009 91542
022 A000010 MERRILL LYNCH, PIERCE, LERNER & SMITH
022 B000010 13-5674085
022 C000010 30995
022 D000010 35988
023 C000000 6088457
023 D000000 6046275
062 A000000 N
062 B000000 0.0
062 C000000 0.0
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062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
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062 L000000 0.0
062 M000000 0.0
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062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
071 A000000 3318560
071 B000000 3171796
071 C000000 6834646
071 D000000 46
072 A000000 12
072 Y000000 0
072 Z000000 151565
072AA000000 831869
072BB000000 103731
072CC010000 682760
072CC020000 0
072DD010000 147797
072DD020000 867
072EE000000 482651
073 A010000 0.3000
073 A020000 0.2000
073 B000000 1.0300
073 C000000 0.1000
074 N000000 7763115
074 T000000 7697754
<PAGE>
075 A000000 0
075 B000000 7080736
077 A000000 Y
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000 15000
081 A000000 Y
081 B000000 30
082 A000000 N
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SIGNATURE JOSEPH VAN DYKE
TITLE ASSISTANT TREASURER
<PAGE>
Board of Directors
Lord Abbett Affiliated Fund, Inc.:
In planning and performing our audit of the financial statements of Lord Abbett
Affiliated Fund, Inc. (the "Fund") for the year ended October 31, 1997, we
considered its internal control structure, including procedures 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, not to provide assurance on the internal control
structure.
The management of the Fund is responsible for establishing and maintaining an
adequate internal control structure. In fulfilling this responsibility,
estimates and judgments by management are required to assess the expected
benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure 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 internal control structure would not necessarily
disclose all matters in the internal control structure 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 the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities 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 internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
October 31, 1997.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
December 2, 1997
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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</TABLE>
