<PAGE> PAGE 1
000 B000000 12/31/95
000 C000000 0000275039
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 TRIFLEX FUND, INC.
001 B000000 811-2818
001 C000000 4097632767
002 A000000 ONE MOODY PLAZA
002 B000000 GALVESTON
002 C000000 TX
002 D010000 77550
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 SECURITIES MANAGEMENT AND RESEARCH, INC.
008 B000001 A
008 C000001 801-8002
008 D010001 GALVESTON
008 D020001 TX
008 D030001 77550
010 A000001 SECURITIES MANAGEMENT AND RESEARCH, INC.
010 C010001 GALVESTON
010 C020001 TX
010 C030001 77550
011 A000001 SECURITIES MANAGEMENT AND RESEARCH, INC.
011 B000001 8-12745
011 C010001 GALVESTON
011 C020001 TX
011 C030001 77550
012 A000001 SECURITIES MANAGEMENT AND RESEARCH, INC.
012 B000001 84-00749
012 C010001 GALVESTON
012 C020001 TX
<PAGE> PAGE 2
012 C030001 77550
013 A000001 KPMG PEAT MARWICK
013 B010001 HOUSTON
013 B020001 TX
013 B030001 77210
015 A000001 MOODY NATIONAL BANK
015 B000001 S
015 C010001 GALVESTON
015 C020001 TX
015 C030001 77550
015 E030001 X
018 000000 Y
019 A000000 Y
019 B000000 10
019 C000000 AMER NAT'L
020 A000001 OPPENHEIMER
020 C000001 2
020 A000002 DEAN WITTER REYNOLDS, INC
020 B000002 94-1671384
020 C000002 2
020 A000003 LEWCO
020 B000003 13-2765944
020 C000003 2
020 A000004 DONALDSON, LUFKIN & JENRETTE
020 B000004 13-2741729
020 C000004 2
020 A000005 FIRST BOSTON CORP.
020 B000005 13-5659485
020 C000005 2
020 A000006 PRUDENTIAL SECURITIES
020 C000006 1
020 A000007 MERRIL LYNCH PIERCE
020 B000007 13-5674085
020 C000007 1
020 A000008 GOLDMAN, SACHS, INC.
020 B000008 13-5108880
020 C000008 1
020 C000009 0
020 C000010 0
021 000000 13
022 A000001 MERRILL LYNCH PIERCE
022 B000001 13-5674085
022 C000001 10778
022 D000001 10701
022 A000002 FIRST BOSTON CORP
022 B000002 13-5659485
022 C000002 7154
022 D000002 7961
022 A000003 LEHMAN BROTHERS
022 B000003 13-2618466
022 C000003 7550
<PAGE> PAGE 3
022 D000003 7424
022 A000004 BANK OF AMERICA
022 C000004 6320
022 D000004 6337
022 A000005 GOLDMAN SACHS, INC.
022 B000005 13-5108880
022 C000005 996
022 D000005 1105
022 A000006 DONALDSON LUFKIN & JENRETTE
022 B000006 13-2741729
022 C000006 801
022 D000006 384
022 A000007 DEAN WITTER REYNOLDS
022 B000007 94-1671384
022 C000007 641
022 D000007 343
022 A000008 LEWCO
022 C000008 315
022 D000008 633
022 A000009 PRUDENTIAL SECURITIES
022 C000009 497
022 D000009 392
022 A000010 OPPENHEIMER
022 C000010 275
022 D000010 525
023 C000000 35843
023 D000000 36772
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 N
026 B000000 N
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 43
028 A020000 0
028 A030000 0
028 A040000 296
028 B010000 303
<PAGE> PAGE 4
028 B020000 0
028 B030000 0
028 B040000 318
028 C010000 45
028 C020000 151
028 C030000 0
028 C040000 160
028 D010000 76
028 D020000 0
028 D030000 0
028 D040000 80
028 E010000 144
028 E020000 0
028 E030000 0
028 E040000 255
028 F010000 84
028 F020000 333
028 F030000 0
028 F040000 277
028 G010000 695
028 G020000 484
028 G030000 0
028 G040000 1386
028 H000000 137
029 000000 Y
030 A000000 33
030 B000000 5.75
030 C000000 0.50
031 A000000 6
031 B000000 0
032 000000 0
033 000000 27
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
<PAGE> PAGE 5
047 000000 Y
048 000000 0.000
048 A010000 100000
048 A020000 0.750
048 B010000 100000
048 B020000 0.625
048 C010000 100000
048 C020000 0.500
048 D010000 0
048 D020000 0.400
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 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 Y
054 H000000 N
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
<PAGE> PAGE 6
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 100
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 N
066 E000000 Y
066 F000000 N
066 G000000 N
067 000000 Y
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
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
<PAGE> PAGE 7
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 3159
071 B000000 4398
071 C000000 19268
071 D000000 16
072 A000000 12
072 B000000 547
072 C000000 326
072 D000000 0
072 E000000 0
072 F000000 154
072 G000000 0
072 H000000 0
072 I000000 51
072 J000000 23
072 K000000 0
072 L000000 2
072 M000000 19
072 N000000 15
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 12
072 S000000 0
072 T000000 0
072 U000000 5
072 V000000 0
072 W000000 18
072 X000000 299
072 Y000000 41
072 Z000000 615
072AA000000 353
<PAGE> PAGE 8
072BB000000 0
072CC010000 3149
072CC020000 0
072DD010000 627
072DD020000 0
072EE000000 179
073 A010000 0.4879
073 A020000 0.0000
073 B000000 0.1404
073 C000000 0.0000
074 A000000 22
074 B000000 0
074 C000000 1131
074 D000000 6976
074 E000000 91
074 F000000 13459
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 96
074 M000000 25
074 N000000 21799
074 O000000 0
074 P000000 14
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 28
074 S000000 0
074 T000000 21757
074 U010000 1291
074 U020000 0
074 V010000 16.85
074 V020000 0.00
074 W000000 0.0000
074 X000000 1741
074 Y000000 0
075 A000000 0
075 B000000 20531
076 000000 0.00
077 A000000 Y
077 B000000 Y
080 A000000 ICI MUTUAL FUND CO
080 C000000 2300
081 A000000 Y
081 B000000 6
082 A000000 Y
082 B000000 25
<PAGE> PAGE 9
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 BRENDA KOELEMAY
TITLE VP/TREASURER
[DESCRIPTION] ACCOUNTANT'S REPORT ON INTERNAL CONTROL
Independent Auditors' Report on Internal Accounting Control and Consent
The Board of Directors
American National Funds Group
In planning and performing our audit of the financial statements of American
National Funds Group for the year ended December 31, 1995, 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 American National Funds Group is responsible for
establishing and maintaining an 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
the 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 December 31, 1995.
This report is intended solely for the use of management and the Securities
and Exchange Commission.
We consent to the use of this report in connection with the filing of the report
of American National Funds Group with the Securities and Exchange Commission
on Form N-SAR.
KPMG Peat Marwick LLP
Houston, Texas
February 16, 1996
[ARTICLE] 6
[CIK] 0000275039
[NAME] TRIFLEX FUND, INC.
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 18,819,712
[INVESTMENTS-AT-VALUE] 21,656,223
[RECEIVABLES] 96,238
[ASSETS-OTHER] 24,898
[OTHER-ITEMS-ASSETS] 22,064
[TOTAL-ASSETS] 21,799,423
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 42,731
[TOTAL-LIABILITIES] 42,731
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 17,276,322
[SHARES-COMMON-STOCK] 1,290,857
[SHARES-COMMON-PRIOR] 1,328,709
[ACCUMULATED-NII-CURRENT] 334,289
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 18,743
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 2,836,511
[NET-ASSETS] 21,756,692
[DIVIDEND-INCOME] 325,731
[INTEREST-INCOME] 547,057
[OTHER-INCOME] 0
[EXPENSES-NET] 258,057
[NET-INVESTMENT-INCOME] 614,731
[REALIZED-GAINS-CURRENT] 352,817
[APPREC-INCREASE-CURRENT] 3,149,441
[NET-CHANGE-FROM-OPS] 4,116,989
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 627,120
[DISTRIBUTIONS-OF-GAINS] 178,979
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 69,156
[NUMBER-OF-SHARES-REDEEMED] 154,950
[SHARES-REINVESTED] 47,942
[NET-CHANGE-IN-ASSETS] 2,734,165
[ACCUMULATED-NII-PRIOR] 346,678
[ACCUMULATED-GAINS-PRIOR] (155,095)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 153,930
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 298,951
[AVERAGE-NET-ASSETS] 20,531,392
[PER-SHARE-NAV-BEGIN] 14.32
[PER-SHARE-NII] .49
[PER-SHARE-GAIN-APPREC] 2.67
[PER-SHARE-DIVIDEND] .49
[PER-SHARE-DISTRIBUTIONS] .14
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.85
[EXPENSE-RATIO] 1.26
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>