<PAGE> PAGE 1
000 A000000 06/30/94
000 C000000 0000314480
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 FIRST INVESTORS SPECIAL BOND FUND, INC.
001 B000000 811-2981
001 C000000 2128588000
002 A000000 95 WALL STREET
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
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
013 A000001 TAIT, WELLER & BAKER
013 B010001 PHILADELPHIA
013 B020001 PA
013 B030001 19102
013 B040001 1707
015 A000001 THE BANK OF NEW YORK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 46
019 C000000 FIRSTINVES
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
<PAGE> PAGE 2
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 MERRILL LYNCH PIERCE FENNER & SMITH, INC.
022 B000001 13-5674085
022 C000001 20162
022 D000001 1333
022 A000002 SHEARSON LEHMAN HUTTON INC.
022 B000002 13-2518466
022 C000002 12092
022 D000002 0
022 A000003 FIRST CHICAGO INVESTMENT SECURITIES INC.
022 B000003 36-3414092
022 C000003 10485
022 D000003 0
022 A000004 GENERAL ELECTRIC CAPITAL CORP.
022 B000004 13-1500700
022 C000004 9643
022 D000004 0
022 A000005 SMITH BARNEY HARRIS UPHAM & CO.
022 B000005 13-1912900
022 C000005 1750
022 D000005 3869
022 A000006 FORD MOTOR CREDIT COMPANY
022 B000006 38-1912444
022 C000006 4147
022 D000006 0
022 A000007 CITICORP FINANCIAL SERVICES, INC.
022 B000007 13-3187336
022 C000007 3727
022 D000007 683
022 A000008 WASSERSTEIN PERRELLA
022 B000008 13-3502273
022 C000008 589
022 D000008 2814
022 A000009 CHEMICAL SECURITIES, INC.
022 B000009 13-3379014
022 C000009 376
022 D000009 1964
022 A000010 IBM CREDIT CORP.
022 B000010 13-0871985
022 C000010 1998
022 D000010 0
023 C000000 74685
023 D000000 14136
025 D000001 0
025 D000002 0
<PAGE> PAGE 3
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
027 000000 Y
028 A010000 37
028 A020000 0
028 A030000 0
028 A040000 283
028 B010000 10
028 B020000 0
028 B030000 0
028 B040000 558
028 C010000 6
028 C020000 0
028 C030000 0
028 C040000 470
028 D010000 12
028 D020000 890
028 D030000 0
028 D040000 665
028 E010000 13
028 E020000 0
028 E030000 0
028 E040000 605
028 F010000 31
028 F020000 0
028 F030000 0
028 F040000 767
028 G010000 109
028 G020000 890
028 G030000 0
028 G040000 3348
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
035 000000 0
036 B000000 0
055 A000000 Y
055 B000000 N
056 000000 N
057 000000 N
061 000000 2000
<PAGE> PAGE 4
062 A000000 Y
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 95.1
062 Q000000 0.0
062 R000000 4.9
063 A000000 0
063 B000000 8.1
064 A000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
071 A000000 14241
071 B000000 14673
071 C000000 38528
071 D000000 37
072 A000000 6
072 B000000 1921
072 C000000 3
072 D000000 0
072 E000000 0
072 F000000 153
072 G000000 0
072 H000000 0
072 I000000 0
072 J000000 0
072 K000000 0
072 L000000 8
072 M000000 0
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 10
072 S000000 3
072 T000000 0
072 U000000 0
<PAGE> PAGE 5
072 V000000 0
072 W000000 6
072 X000000 180
072 Y000000 0
072 Z000000 1744
072AA000000 788
072BB000000 0
072CC010000 0
072CC020000 3412
072DD010000 1761
072DD020000 0
072EE000000 0
073 A010000 0.5100
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 1493
074 B000000 0
074 C000000 0
074 D000000 36209
074 E000000 1062
074 F000000 195
074 G000000 0
074 H000000 0
074 I000000 131
074 J000000 0
074 K000000 28
074 L000000 721
074 M000000 4
074 N000000 39843
074 O000000 816
074 P000000 24
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 938
074 S000000 0
074 T000000 38065
074 U010000 3338
074 U020000 0
074 V010000 11.41
074 V020000 0.00
074 W000000 0.0000
074 X000000 1
074 Y000000 0
075 A000000 0
075 B000000 41015
076 000000 0.00
077 A000000 Y
077 C000000 Y
<PAGE> PAGE 6
077 E000000 Y
080 A000000 GULF INSURANCE GROUP/CNA INSURANCE COMPANIES
080 B000000 ICI MUTUAL
080 C000000 25000
081 A000000 Y
081 B000000 49
082 A000000 Y
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 JOSEPH I. BENEDEK
TITLE TREASURER
