<PAGE> PAGE 1
000 B000000 10/31/96
000 C000000 0000003521
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 THE ALGER FUND
001 B000000 811-1355
001 C000000 2128068800
002 A000000 75 MAIDEN LANE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10038
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 6
007 C010100 1
007 C020100 ALGER MONEY MARKET PORTFOLIO
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C020500 ALGER SMALL CAPITALIZATION PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 ALGER GROWTH PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 ALGER BALANCED PORTFOLIO
007 C030700 N
007 C010800 8
007 C020800 ALGER MIDCAP GROWTH PORTFOLIO
007 C030800 N
007 C010900 9
007 C020900 ALGER CAPITAL APPRECIATION PORTFOLIO
007 C030900 N
007 C011000 10
015 A00AA01 STATE STREET BANK & TRUST CO.
015 B00AA01 C
015 C01AA01 NORTH QUINCY
015 C02AA01 MA
015 C03AA01 02171
015 E01AA01 X
020 A000001 FRED ALGER & COMPANY, INCORPORATED
<PAGE> PAGE 2
020 B000001 13-2665689
020 C000001 1554
020 A000002 INSTINET CORP.
020 B000002 13-3443395
020 C000002 137
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 1691
022 A000001 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000001 13-5674085
022 C000001 4565092
022 D000001 857653
022 A000002 LEHMAN BROTHERS
022 B000002 13-2518466
022 C000002 112199
022 D000002 53097
022 A000003 MORGAN STANLEY
022 B000003 13-2655998
022 C000003 79143
022 D000003 71692
022 A000004 WESSELS ARNOLD & HENDERSON
022 B000004 41-1554568
022 C000004 62758
022 D000004 70572
022 A000005 GOLDMAN SACHS & CO
022 B000005 13-5108880
022 C000005 73389
022 D000005 59084
022 A000006 PRUDENTIAL BACHE
022 B000006 22-2347336
022 C000006 54229
022 D000006 54517
022 A000007 ALEX BROWN & SONS, INC
022 B000007 52-1319768
022 C000007 64079
022 D000007 33645
022 A000008 SMITH BARNEY
022 B000008 13-1912900
022 C000008 56870
022 D000008 40677
022 A000009 ROBERTSON, STEPHENS & COMPANY
022 B000009 94-2524501
022 C000009 42397
022 D000009 21533
022 A000010 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
<PAGE> PAGE 3
022 B000010 13-2741729
022 C000010 33015
022 D000010 22591
023 C000000 5528249
023 D000000 1622202
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 VIGILANT INSURANCE COMPANIES
080 C00AA00 4125
081 A00AA00 Y
081 B00AA00 17
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
024 000100 Y
025 A000101 MERRILL LYNCH PIERCE FENNER & SMITH
<PAGE> PAGE 4
025 B000101 13-5674085
025 C000101 D
025 D000101 13537
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 60476
028 A020100 1177
028 A030100 0
028 A040100 50776
028 B010100 83279
028 B020100 1045
028 B030100 0
028 B040100 71422
028 C010100 104901
028 C020100 1224
028 C030100 0
028 C040100 85614
028 D010100 89217
028 D020100 1276
028 D030100 0
028 D040100 85000
028 E010100 75882
028 E020100 1015
028 E030100 0
028 E040100 88660
028 F010100 116988
028 F020100 1113
028 F030100 0
028 F040100 128150
028 G010100 530743
028 G020100 6850
028 G030100 0
028 G040100 509622
028 H000100 0
062 A000100 Y
062 B000100 0.0
062 C000100 2.8
062 D000100 0.0
062 E000100 0.0
062 F000100 4.7
062 G000100 0.0
062 H000100 0.0
062 I000100 95.3
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
<PAGE> PAGE 5
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 66
063 B000100 0.0
064 A000100 Y
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 12
072 B000100 13553
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 1215
072 G000100 0
072 H000100 0
072 I000100 525
072 J000100 10
072 K000100 0
072 L000100 19
072 M000100 5
072 N000100 78
072 O000100 1
072 P000100 0
072 Q000100 0
072 R000100 16
072 S000100 1
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 27
072 X000100 1897
072 Y000100 930
072 Z000100 12586
072AA000100 4
072BB000100 18
072CC010100 0
072CC020100 0
072DD010100 12586
072DD020100 0
<PAGE> PAGE 6
072EE000100 0
073 A010100 0.0521
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 75
074 B000100 0
074 C000100 293651
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 1142
074 M000100 49
074 N000100 294917
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 9215
074 S000100 0
074 T000100 285702
074 U010100 285766
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 0.9998
074 X000100 22838
074 Y000100 0
075 A000100 242064
075 B000100 0
076 000100 0.00
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
<PAGE> PAGE 7
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
074 N000400 0
074 T000400 0
075 A000400 0
075 B000400 0
028 A010500 53768
028 A020500 0
028 A030500 0
028 A040500 36780
028 B010500 61498
028 B020500 0
028 B030500 0
028 B040500 52194
028 C010500 72164
028 C020500 0
028 C030500 0
028 C040500 72963
028 D010500 71729
028 D020500 0
028 D030500 0
028 D040500 66416
028 E010500 70635
028 E020500 0
028 E030500 0
028 E040500 59022
028 F010500 100541
028 F020500 0
028 F030500 0
028 F040500 102219
028 G010500 430335
028 G020500 0
028 G030500 0
028 G040500 389594
028 H000500 0
034 000500 Y
035 000500 1027
036 A000500 N
036 B000500 0
042 A000500 0
042 B000500 0
042 C000500 100
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 3952
<PAGE> PAGE 8
044 000500 0
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
066 A000500 Y
066 B000500 Y
066 C000500 N
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
071 A000500 800247
071 B000500 741943
071 C000500 483832
071 D000500 153
072 A000500 12
072 B000500 2500
072 C000500 338
072 D000500 0
072 E000500 0
072 F000500 4478
072 G000500 0
072 H000500 0
072 I000500 2403
072 J000500 86
072 K000500 0
072 L000500 69
072 M000500 5
072 N000500 107
072 O000500 1
072 P000500 0
072 Q000500 0
<PAGE> PAGE 9
072 R000500 20
072 S000500 20
072 T000500 3952
072 U000500 0
072 V000500 0
072 W000500 56
072 X000500 11197
072 Y000500 0
072 Z000500 -8359
072AA000500 168494
072BB000500 74337
072CC010500 0
072CC020500 69790
072DD010500 0
072DD020500 0
072EE000500 26253
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.6000
073 C000500 0.0000
074 A000500 104
074 B000500 0
074 C000500 21675
074 D000500 0
074 E000500 0
074 F000500 522851
074 G000500 0
074 H000500 0
074 I000500 4962
074 J000500 8498
074 K000500 0
074 L000500 8044
074 M000500 25
074 N000500 566159
074 O000500 9648
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 2639
074 S000500 0
074 T000500 553872
074 U010500 51004
074 U020500 0
074 V010500 10.86
074 V020500 0.00
074 W000500 0.0000
074 X000500 52955
074 Y000500 0
075 A000500 0
<PAGE> PAGE 10
075 B000500 530034
076 000500 0.00
024 000600 Y
025 A000601 MERRILL LYNCH & CO., INC
025 B000601 13-5674085
025 C000601 D
025 D000601 300
025 D000602 0
025 D000603 0
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
025 D000608 0
028 A010600 17534
028 A020600 0
028 A030600 0
028 A040600 8662
028 B010600 12451
028 B020600 0
028 B030600 0
028 B040600 7671
028 C010600 16148
028 C020600 0
028 C030600 0
028 C040600 13718
028 D010600 9607
028 D020600 0
028 D030600 0
028 D040600 6051
028 E010600 7020
028 E020600 0
028 E030600 0
028 E040600 4487
028 F010600 12379
028 F020600 0
028 F030600 0
028 F040600 9481
028 G010600 75139
028 G020600 0
028 G030600 0
028 G040600 50070
028 H000600 0
034 000600 Y
035 000600 407
036 A000600 N
036 B000600 0
042 A000600 0
042 B000600 0
042 C000600 100
042 D000600 0
<PAGE> PAGE 11
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 1654
044 000600 0
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 Y
066 E000600 N
066 F000600 N
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
071 A000600 277633
071 B000600 186475
071 C000600 196479
071 D000600 95
072 A000600 12
072 B000600 1381
072 C000600 1332
072 D000600 0
072 E000600 0
072 F000600 1654
072 G000600 0
072 H000600 0
072 I000600 1083
072 J000600 10
072 K000600 0
072 L000600 0
<PAGE> PAGE 12
072 M000600 5
072 N000600 81
072 O000600 0
072 P000600 1
072 Q000600 0
072 R000600 20
072 S000600 9
072 T000600 1654
072 U000600 0
072 V000600 0
072 W000600 53
072 X000600 4570
072 Y000600 0
072 Z000600 -1857
072AA000600 31279
072BB000600 22313
072CC010600 10513
072CC020600 0
072DD010600 0
072DD020600 0
072EE000600 10925
073 A010600 0.0000
073 A020600 0.0000
073 B000600 0.5900
073 C000600 0.0000
074 A000600 78
074 B000600 0
074 C000600 11890
074 D000600 0
074 E000600 1470
074 F000600 248551
074 G000600 0
074 H000600 0
074 I000600 1
074 J000600 2758
074 K000600 0
074 L000600 2882
074 M000600 21
074 N000600 267651
074 O000600 663
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 781
074 S000600 0
074 T000600 266207
074 U010600 28062
074 U020600 0
074 V010600 9.49
<PAGE> PAGE 13
074 V020600 0.00
074 W000600 0.0000
074 X000600 27316
074 Y000600 0
075 A000600 0
075 B000600 220426
076 000600 0.00
024 000700 Y
025 A000701 MERRILL LYNCH & CO., INC
025 B000701 13-5674085
025 C000701 D
025 D000701 94
025 A000702 DELETE
025 D000702 0
025 D000703 0
025 D000704 0
025 D000705 0
025 D000706 0
025 D000707 0
025 D000708 0
028 A010700 539
028 A020700 0
028 A030700 0
028 A040700 672
028 B010700 626
028 B020700 0
028 B030700 0
028 B040700 915
028 C010700 893
028 C020700 0
028 C030700 0
028 C040700 426
028 D010700 1299
028 D020700 0
028 D030700 0
028 D040700 560
028 E010700 669
028 E020700 0
028 E030700 0
028 E040700 519
028 F010700 955
028 F020700 0
028 F030700 0
028 F040700 791
028 G010700 4981
028 G020700 0
028 G030700 0
028 G040700 3883
028 H000700 0
034 000700 Y
035 000700 47
<PAGE> PAGE 14
036 A000700 N
036 B000700 0
042 A000700 0
042 B000700 0
042 C000700 100
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 82
044 000700 0
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
066 A000700 Y
066 B000700 N
066 C000700 N
066 D000700 N
066 E000700 N
066 F000700 N
066 G000700 Y
067 000700 Y
068 A000700 N
068 B000700 N
069 000700 N
071 A000700 12730
071 B000700 7617
071 C000700 8993
071 D000700 85
072 A000700 12
072 B000700 307
072 C000700 38
072 D000700 0
072 E000700 0
072 F000700 82
<PAGE> PAGE 15
072 G000700 0
072 H000700 0
072 I000700 71
072 J000700 8
072 K000700 0
072 L000700 0
072 M000700 5
072 N000700 22
072 O000700 1
072 P000700 0
072 Q000700 0
072 R000700 16
072 S000700 1
072 T000700 82
072 U000700 0
072 V000700 0
072 W000700 6
072 X000700 294
072 Y000700 0
072 Z000700 51
072AA000700 1030
072BB000700 280
072CC010700 399
072CC020700 0
072DD010700 0
072DD020700 0
072EE000700 0
073 A010700 0.0100
073 A020700 0.0000
073 B000700 0.2100
073 C000700 0.0000
074 A000700 203
074 B000700 0
074 C000700 2548
074 D000700 3253
074 E000700 46
074 F000700 7405
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 65
074 K000700 0
074 L000700 76
074 M000700 11
074 N000700 13607
074 O000700 0
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
<PAGE> PAGE 16
074 R040700 115
074 S000700 0
074 T000700 13492
074 U010700 950
074 U020700 0
074 V010700 14.21
074 V020700 0.00
074 W000700 0.0000
074 X000700 2445
074 Y000700 0
075 A000700 0
075 B000700 10885
076 000700 0.00
024 000800 Y
025 A000801 MERRILL LYNCH & CO., INC
025 B000801 13-5674085
025 C000801 D
025 D000801 2198
025 D000802 0
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
028 A010800 8002
028 A020800 0
028 A030800 0
028 A040800 3818
028 B010800 7505
028 B020800 0
028 B030800 0
028 B040800 1909
028 C010800 13362
028 C020800 0
028 C030800 0
028 C040800 6376
028 D010800 10818
028 D020800 0
028 D030800 0
028 D040800 5331
028 E010800 9331
028 E020800 0
028 E030800 0
028 E040800 4402
028 F010800 8882
028 F020800 0
028 F030800 0
028 F040800 5256
028 G010800 57900
028 G020800 0
<PAGE> PAGE 17
028 G030800 0
028 G040800 27092
028 H000800 0
034 000800 Y
035 000800 213
036 A000800 N
036 B000800 0
042 A000800 0
042 B000800 0
042 C000800 100
042 D000800 0
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 676
044 000800 0
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
066 A000800 Y
066 B000800 N
066 C000800 Y
066 D000800 N
066 E000800 N
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
071 A000800 151773
071 B000800 89627
071 C000800 78656
071 D000800 114
072 A000800 12
<PAGE> PAGE 18
072 B000800 667
072 C000800 171
072 D000800 0
072 E000800 0
072 F000800 721
072 G000800 0
072 H000800 0
072 I000800 513
072 J000800 15
072 K000800 0
072 L000800 0
072 M000800 5
072 N000800 54
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 20
072 S000800 8
072 T000800 676
072 U000800 0
072 V000800 0
072 W000800 23
072 X000800 2035
072 Y000800 0
072 Z000800 -1197
072AA000800 15671
072BB000800 12296
072CC010800 3534
072CC020800 0
072DD010800 0
072DD020800 0
072EE000800 0
073 A010800 0.0000
073 A020800 0.0000
073 B000800 1.1700
073 C000800 0.0000
074 A000800 466
074 B000800 0
074 C000800 9190
074 D000800 0
074 E000800 1312
074 F000800 115675
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 150
074 K000800 0
074 L000800 972
074 M000800 14
074 N000800 127779
074 O000800 1613
<PAGE> PAGE 19
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 480
074 S000800 0
074 T000800 125686
074 U010800 6660
074 U020800 0
074 V010800 18.87
074 V020800 0.00
074 W000800 0.0000
074 X000800 16779
074 Y000800 0
075 A000800 0
075 B000800 89961
076 000800 0.00
024 000900 N
025 A000901 DELETE
025 D000901 0
025 D000902 0
025 D000903 0
025 D000904 0
025 D000905 0
025 D000906 0
025 D000907 0
025 D000908 0
028 A010900 23965
028 A020900 0
028 A030900 0
028 A040900 7290
028 B010900 19470
028 B020900 0
028 B030900 0
028 B040900 9707
028 C010900 15080
028 C020900 0
028 C030900 0
028 C040900 12156
028 D010900 14516
028 D020900 0
028 D030900 0
028 D040900 9001
028 E010900 11834
028 E020900 0
028 E030900 0
028 E040900 7594
028 F010900 17566
028 F020900 0
028 F030900 0
<PAGE> PAGE 20
028 F040900 16002
028 G010900 102431
028 G020900 0
028 G030900 0
028 G040900 61750
028 H000900 0
034 000900 Y
035 000900 495
036 A000900 N
036 B000900 0
042 A000900 0
042 B000900 0
042 C000900 100
042 D000900 0
042 E000900 0
042 F000900 0
042 G000900 0
042 H000900 0
043 000900 760
044 000900 0
055 A000900 Y
055 B000900 Y
056 000900 Y
057 000900 N
062 A000900 N
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
066 A000900 Y
066 B000900 Y
066 C000900 N
066 D000900 N
066 E000900 N
066 F000900 N
066 G000900 N
067 000900 N
068 A000900 N
<PAGE> PAGE 21
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 N
070 B010900 Y
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 Y
070 K010900 N
070 K020900 N
070 L010900 Y
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 Y
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900 267249
071 B000900 153583
071 C000900 93665
071 D000900 164
072 A000900 12
072 B000900 459
072 C000900 389
072 D000900 0
072 E000900 0
072 F000900 862
072 G000900 0
072 H000900 0
072 I000900 688
<PAGE> PAGE 22
072 J000900 15
072 K000900 0
072 L000900 0
072 M000900 5
072 N000900 90
072 O000900 0
072 P000900 17
072 Q000900 0
072 R000900 16
072 S000900 1
072 T000900 760
072 U000900 0
072 V000900 0
072 W000900 25
072 X000900 2479
072 Y000900 0
072 Z000900 -1631
072AA000900 23739
072BB000900 21201
072CC010900 10813
072CC020900 0
072DD010900 0
072DD020900 0
072EE000900 0
073 A010900 0.0000
073 A020900 0.0000
073 B000900 0.5400
073 C000900 0.0000
074 A000900 81
074 B000900 0
074 C000900 0
074 D000900 0
074 E000900 844
074 F000900 159012
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 4239
074 K000900 0
074 L000900 1569
074 M000900 3
074 N000900 165748
074 O000900 7168
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 8322
074 S000900 0
074 T000900 150258
<PAGE> PAGE 23
074 U010900 6949
074 U020900 0
074 V010900 21.62
074 V020900 0.00
074 W000900 0.0000
074 X000900 26154
074 Y000900 0
075 A000900 0
075 B000900 101063
076 000900 0.00
SIGNATURE GREGORY S. DUCH
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> ALGER MONEY MARKET PORT
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 293651
<INVESTMENTS-AT-VALUE> 293651
<RECEIVABLES> 1139
<ASSETS-OTHER> 124
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 285702
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9215
<TOTAL-LIABILITIES> 9215
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 285766
<SHARES-COMMON-STOCK> 285766
<SHARES-COMMON-PRIOR> 185872
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (64)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 285702
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 13553
<OTHER-INCOME> 0
<EXPENSES-NET> 967
<NET-INVESTMENT-INCOME> 12586
<REALIZED-GAINS-CURRENT> (14)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 12572
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 12586
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 903938
<NUMBER-OF-SHARES-REDEEMED> 815956
<SHARES-REINVESTED> 11912
<NET-CHANGE-IN-ASSETS> 99880
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1215
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1919
<AVERAGE-NET-ASSETS> 242064
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .41
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> ALGER SMALL CAPITALIZATION PORT
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 461848
<INVESTMENTS-AT-VALUE> 549488
<RECEIVABLES> 16542
<ASSETS-OTHER> 129
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 566159
<PAYABLE-FOR-SECURITIES> 9648
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2639
<TOTAL-LIABILITIES> 12287
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 386903
<SHARES-COMMON-STOCK> 51004
<SHARES-COMMON-PRIOR> 41675
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 25830
<ACCUMULATED-NET-GAINS> 105160
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 87639
<NET-ASSETS> 553872
<DIVIDEND-INCOME> 338
<INTEREST-INCOME> 2500
<OTHER-INCOME> 0
<EXPENSES-NET> 11197
<NET-INVESTMENT-INCOME> (8359)
<REALIZED-GAINS-CURRENT> 94157
<APPREC-INCREASE-CURRENT> (69790)
<NET-CHANGE-FROM-OPS> 16008
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (26253)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 65877
<NUMBER-OF-SHARES-REDEEMED> 58980
<SHARES-REINVESTED> 2432
<NET-CHANGE-IN-ASSETS> 90154
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 37256
<OVERDISTRIB-NII-PRIOR> 17471
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4478
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 11214
<AVERAGE-NET-ASSETS> 530034
<PER-SHARE-NAV-BEGIN> 11.13
<PER-SHARE-NII> (.09)
<PER-SHARE-GAIN-APPREC> .42
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.60)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.86
<EXPENSE-RATIO> 2.13
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> ALGER GROWTH PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 222090
<INVESTMENTS-AT-VALUE> 261912
<RECEIVABLES> 0
<ASSETS-OTHER> 5640
<OTHER-ITEMS-ASSETS> 99
<TOTAL-ASSETS> 267651
<PAYABLE-FOR-SECURITIES> 663
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 781
<TOTAL-LIABILITIES> 1444
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 220489
<SHARES-COMMON-STOCK> 28062
<SHARES-COMMON-PRIOR> 16442
<ACCUMULATED-NII-CURRENT> 4263
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 10159
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 39822
<NET-ASSETS> 266207
<DIVIDEND-INCOME> 338
<INTEREST-INCOME> 2500
<OTHER-INCOME> 0
<EXPENSES-NET> 4570
<NET-INVESTMENT-INCOME> (1857)
<REALIZED-GAINS-CURRENT> 8966
<APPREC-INCREASE-CURRENT> 10513
<NET-CHANGE-FROM-OPS> 17622
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 10925
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 20439
<NUMBER-OF-SHARES-REDEEMED> 10054
<SHARES-REINVESTED> 1234
<NET-CHANGE-IN-ASSETS> 111923
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 12118
<OVERDISTRIB-NII-PRIOR> 2406
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1654
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4590
<AVERAGE-NET-ASSETS> 220426
<PER-SHARE-NAV-BEGIN> 9.38
<PER-SHARE-NII> (.08)
<PER-SHARE-GAIN-APPREC> .78
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.59)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.49
<EXPENSE-RATIO> 2.08
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> ALGER BALANCED PORT
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 11998
<INVESTMENTS-AT-VALUE> 13252
<RECEIVABLES> 141
<ASSETS-OTHER> 214
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 13607
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 115
<TOTAL-LIABILITIES> 115
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11964
<SHARES-COMMON-STOCK> 950
<SHARES-COMMON-PRIOR> 457
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 11
<ACCUMULATED-NET-GAINS> 285
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1254
<NET-ASSETS> 13492
<DIVIDEND-INCOME> 38
<INTEREST-INCOME> 307
<OTHER-INCOME> 0
<EXPENSES-NET> 294
<NET-INVESTMENT-INCOME> 51
<REALIZED-GAINS-CURRENT> 280
<APPREC-INCREASE-CURRENT> 399
<NET-CHANGE-FROM-OPS> 730
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7)
<DISTRIBUTIONS-OF-GAINS> 125
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1054
<NUMBER-OF-SHARES-REDEEMED> 571
<SHARES-REINVESTED> 10
<NET-CHANGE-IN-ASSETS> 7278
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 55
<OVERDIST-NET-GAINS-PRIOR> 130
<GROSS-ADVISORY-FEES> 82
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 296
<AVERAGE-NET-ASSETS> 10885
<PER-SHARE-NAV-BEGIN> 13.59
<PER-SHARE-NII> .07
<PER-SHARE-GAIN-APPREC> .77
<PER-SHARE-DIVIDEND> (.01)
<PER-SHARE-DISTRIBUTIONS> (.21)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.21
<EXPENSE-RATIO> 2.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> ALGER MIDCAP GROWTH PORT
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 112930
<INVESTMENTS-AT-VALUE> 126177
<RECEIVABLES> 1122
<ASSETS-OTHER> 480
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 127779
<PAYABLE-FOR-SECURITIES> 1613
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 480
<TOTAL-LIABILITIES> 2093
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 110330
<SHARES-COMMON-STOCK> 6660
<SHARES-COMMON-PRIOR> 2853
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 2014
<ACCUMULATED-NET-GAINS> 4122
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13248
<NET-ASSETS> 125686
<DIVIDEND-INCOME> 171
<INTEREST-INCOME> 667
<OTHER-INCOME> 0
<EXPENSES-NET> 2035
<NET-INVESTMENT-INCOME> (1197)
<REALIZED-GAINS-CURRENT> 3375
<APPREC-INCREASE-CURRENT> 3534
<NET-CHANGE-FROM-OPS> 5712
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 3809
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5968
<NUMBER-OF-SHARES-REDEEMED> 2369
<SHARES-REINVESTED> 209
<NET-CHANGE-IN-ASSETS> 71670
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 4556
<OVERDISTRIB-NII-PRIOR> 817
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 721
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2042
<AVERAGE-NET-ASSETS> 89961
<PER-SHARE-NAV-BEGIN> 18.94
<PER-SHARE-NII> (.25)
<PER-SHARE-GAIN-APPREC> 1.35
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.17)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.87
<EXPENSE-RATIO> 2.27
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> ALGER CAPITAL APPRECIATION PORT
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 147886
<INVESTMENTS-AT-VALUE> 159856
<RECEIVABLES> 5808
<ASSETS-OTHER> 84
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 165748
<PAYABLE-FOR-SECURITIES> 7168
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8322
<TOTAL-LIABILITIES> 15490
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 137604
<SHARES-COMMON-STOCK> 6949
<SHARES-COMMON-PRIOR> 1806
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 2004
<ACCUMULATED-NET-GAINS> 2688
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11970
<NET-ASSETS> 150258
<DIVIDEND-INCOME> 389
<INTEREST-INCOME> 459
<OTHER-INCOME> 0
<EXPENSES-NET> 2479
<NET-INVESTMENT-INCOME> (1631)
<REALIZED-GAINS-CURRENT> 2538
<APPREC-INCREASE-CURRENT> 10813
<NET-CHANGE-FROM-OPS> 11720
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 1331
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9017
<NUMBER-OF-SHARES-REDEEMED> 3944
<SHARES-REINVESTED> 69
<NET-CHANGE-IN-ASSETS> 116618
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1481
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 862
<INTEREST-EXPENSE> 17
<GROSS-EXPENSE> 2492
<AVERAGE-NET-ASSETS> 7168
<PER-SHARE-NAV-BEGIN> 18.62
<PER-SHARE-NII> (.34)
<PER-SHARE-GAIN-APPREC> 3.88
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.54)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.62
<EXPENSE-RATIO> 2.46
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
