ALGER FUND
NSAR-B, 1997-12-30
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<PAGE>      PAGE  1
000 B000000 10/31/97
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
020 A000001 FRED ALGER & COMPANY, INCORPORATED
020 B000001 13-2665689
020 C000001   2875
020 A000002 INSTINET CORP.
020 B000002 13-3443395
020 C000002     73
020 A000003 CANTOR FITZGERALD
020 B000003 13-3680187
020 C000003      1
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000     2949
022 A000001 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000001 13-5674085
022 C000001   4964995
022 D000001   2001416
022 A000002 LEHMAN BROTHERS
022 B000002 13-2518466
022 C000002     91254
022 D000002    107758
022 A000003 MORGAN STANLEY & CO
022 B000003 13-2655998
022 C000003     72371
022 D000003    106048
<PAGE>      PAGE  2
022 A000004 GOLDMAN SACHS & CO
022 B000004 13-5108880
022 C000004     72921
022 D000004     75934
022 A000005 PRUDENTIAL BACHE
022 B000005 22-2347336
022 C000005     43040
022 D000005     22896
022 A000006 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
022 B000006 13-2741729
022 C000006     39664
022 D000006     21071
022 A000007 NEEDHAM & CO.
022 B000007 13-3255839
022 C000007     24809
022 D000007     34348
022 A000008 WESSLES ARNOLD & HENDERSON
022 B000008 41-1554568
022 C000008     19251
022 D000008     39252
022 A000009 ALEX BROWN & SONS INC.
022 B000009 52-1319768
022 C000009     31259
022 D000009     23339
022 A000010 SMITH BARNEY HARRIS UPHAM
022 B000010 13-1912900
022 C000010     16856
022 D000010     35067
023 C000000    5643068
023 D000000    2747993
077 A000000 Y
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080 A00AA00 VIGILANT INSURANCE COMPANIES
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<PAGE>      PAGE  3
081 A00AA00 Y
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
062 A000500 N
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066 A000500 Y
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
076  000500     0.00
024  000600 Y
025 A000601 MORGAN STANLEY DEAN WITTER & CO.
025 B000601 13-2655998
025 C000601 E
025 D000601    7002
025 A000602 DELETE
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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024  000700 Y
025 A000701 MORGAN STANLEY DEAN WITTER & CO.
025 B000701 13-2655998
025 C000701 E
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
062 A000800 N
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066 A000800 Y
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<PAGE>      PAGE  19
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072EE000800     3458
073 A010800   0.0000
073 A020800   0.0000
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073 C000800   0.0000
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074 B000800        0
074 C000800     7864
074 D000800        0
074 E000800        0
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074 Y000800        0
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<PAGE>      PAGE  20
076  000800     0.00
024  000900 Y
028 A010900     25083
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028 D030900         0
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028 E040900     35895
028 F010900     45682
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028 F030900         0
028 F040900     41597
028 G010900    274323
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028 H000900         0
029  000900 Y
030 A000900    190
030 B000900  4.75
030 C000900  0.00
031 A000900     36
031 B000900      0
032  000900    154
033  000900      0
034  000900 Y
035  000900    968
036 A000900 N
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042 A000900   0
042 B000900   0
042 C000900 100
042 D000900   0
042 E000900   0
042 F000900   0
042 G000900   0
042 H000900   0
<PAGE>      PAGE  21
043  000900   1354
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 N
066 C000900 Y
066 D000900 N
066 E000900 N
066 F000900 N
066 G000900 N
067  000900 N
068 A000900 N
068 B000900 N
069  000900 N
071 A000900    314419
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071 C000900    185489
071 D000900  158
072 A000900 12
072 B000900      140
072 C000900     1091
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072 E000900        0
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072 G000900        0
072 H000900        0
072 I000900     1100
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072 K000900        0
072 L000900       30
<PAGE>      PAGE  22
072 M000900        5
072 N000900       59
072 O000900        0
072 P000900      192
072 Q000900        0
072 R000900       13
072 S000900        6
072 T000900     1354
072 U000900        0
072 V000900        0
072 W000900        3
072 X000900     4385
072 Y000900        0
072 Z000900    -3154
072AA000900    41746
072BB000900    24389
072CC010900    18233
072CC020900        0
072DD010900        0
072DD020900        0
072EE000900      970
073 A010900   0.0000
073 A020900   0.0000
073 B000900   0.1400
073 C000900   0.0000
074 A000900       59
074 B000900        0
074 C000900    10590
074 D000900        0
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074 F000900   217479
074 G000900        0
074 H000900        0
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074 J000900     7513
074 K000900        0
074 L000900     6906
074 M000900       37
074 N000900   242584
074 O000900    12629
074 P000900        0
074 Q000900        0
074 R010900        0
074 R020900        0
074 R030900        0
074 R040900      857
074 S000900        0
074 T000900   229098
074 U010900     8189
074 U020900      595
074 V010900    26.00
<PAGE>      PAGE  23
074 V020900    26.17
074 W000900   0.0000
074 X000900    32773
074 Y000900        0
075 A000900        0
075 B000900   179081
076  000900     0.00
SIGNATURE   GREGORY S. DUCH                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> ALGER MONEY MARKET PORTFOLIO
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                           218101
<INVESTMENTS-AT-VALUE>                          218101
<RECEIVABLES>                                      594
<ASSETS-OTHER>                                     336
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  219031
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<OTHER-ITEMS-LIABILITIES>                        39624
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<SHARES-COMMON-PRIOR>                           248063
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<NET-ASSETS>                                    179407
<DIVIDEND-INCOME>                                    0
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<NET-INVESTMENT-INCOME>                          10506
<REALIZED-GAINS-CURRENT>                          (16)
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<NUMBER-OF-SHARES-SOLD>                        1583643
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<NET-CHANGE-IN-ASSETS>                        (106295)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 5
   <NAME> ALGER SMALL CAPITALIZATION CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                           436744
<INVESTMENTS-AT-VALUE>                          566501
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<ACCUMULATED-NII-CURRENT>                      (35019)
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<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                    606985
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<NET-INVESTMENT-INCOME>                         (9189)
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<DISTRIBUTIONS-OF-GAINS>                       (93115)
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<ACCUMULATED-NII-PRIOR>                        (25830)
<ACCUMULATED-GAINS-PRIOR>                       105160
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<PER-SHARE-NII>                                  (.11)
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<PER-SHARE-DISTRIBUTIONS>                       (1.74)
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<PER-SHARE-NAV-END>                              10.29
<EXPENSE-RATIO>                                   2.14
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 51
   <NAME> ALGER SMALL CAPITALIZATION CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                           436744
<INVESTMENTS-AT-VALUE>                          566501
<RECEIVABLES>                                    42500
<ASSETS-OTHER>                                     113
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<PAID-IN-CAPITAL-COMMON>                         23494
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<SHARES-COMMON-PRIOR>                             1110
<ACCUMULATED-NII-CURRENT>                      (35019)
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<ACCUMULATED-NET-GAINS>                          40743
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                    606985
<DIVIDEND-INCOME>                                 1177
<INTEREST-INCOME>                                 1449
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   11815
<NET-INVESTMENT-INCOME>                         (9189)
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<NET-CHANGE-FROM-OPS>                            61627
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<NUMBER-OF-SHARES-SOLD>                           9511
<NUMBER-OF-SHARES-REDEEMED>                       7000
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           53113
<ACCUMULATED-NII-PRIOR>                        (25830)
<ACCUMULATED-GAINS-PRIOR>                       105160
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                             4715
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<GROSS-EXPENSE>                                  11815
<AVERAGE-NET-ASSETS>                            540706
<PER-SHARE-NAV-BEGIN>                             9.21
<PER-SHARE-NII>                                  (.04)
<PER-SHARE-GAIN-APPREC>                           1.18
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.35
<EXPENSE-RATIO>                                   1.38
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 52
   <NAME> ALGER SMALL CAPITALIZATION CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                           436744
<INVESTMENTS-AT-VALUE>                          566501
<RECEIVABLES>                                    42500
<ASSETS-OTHER>                                     113
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  609114
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         2129
<TOTAL-LIABILITIES>                               2129
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                           348
<SHARES-COMMON-STOCK>                               33
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      (35019)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          40743
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        129757
<NET-ASSETS>                                    606985
<DIVIDEND-INCOME>                                 1177
<INTEREST-INCOME>                                 1449
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   11815
<NET-INVESTMENT-INCOME>                         (9189)
<REALIZED-GAINS-CURRENT>                         28698
<APPREC-INCREASE-CURRENT>                        42118
<NET-CHANGE-FROM-OPS>                            61627
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             43
<NUMBER-OF-SHARES-REDEEMED>                         10
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           53113
<ACCUMULATED-NII-PRIOR>                        (25830)
<ACCUMULATED-GAINS-PRIOR>                       105160
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             4715
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  11815
<AVERAGE-NET-ASSETS>                            540706
<PER-SHARE-NAV-BEGIN>                            10.38
<PER-SHARE-NII>                                  (.03)
<PER-SHARE-GAIN-APPREC>                          (.06)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.29
<EXPENSE-RATIO>                                   2.09
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> ALGER GROWTH CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                           307953
<INVESTMENTS-AT-VALUE>                          369207
<RECEIVABLES>                                    17640
<ASSETS-OTHER>                                     138
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  386985
<PAYABLE-FOR-SECURITIES>                         28454
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1041
<TOTAL-LIABILITIES>                              29495
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        208042
<SHARES-COMMON-STOCK>                            26510
<SHARES-COMMON-PRIOR>                            25558
<ACCUMULATED-NII-CURRENT>                       (7662)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          50213
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         61254
<NET-ASSETS>                                    357490
<DIVIDEND-INCOME>                                 2179
<INTEREST-INCOME>                                  836
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    6414
<NET-INVESTMENT-INCOME>                         (3399)
<REALIZED-GAINS-CURRENT>                         48794
<APPREC-INCREASE-CURRENT>                        21432
<NET-CHANGE-FROM-OPS>                            66827
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        (8740)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          19936
<NUMBER-OF-SHARES-REDEEMED>                      22376
<SHARES-REINVESTED>                                888
<NET-CHANGE-IN-ASSETS>                           91283
<ACCUMULATED-NII-PRIOR>                         (4263)
<ACCUMULATED-GAINS-PRIOR>                        10159
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                             2396
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   6414
<AVERAGE-NET-ASSETS>                            288550
<PER-SHARE-NAV-BEGIN>                             9.49
<PER-SHARE-NII>                                  (.13)
<PER-SHARE-GAIN-APPREC>                           2.44
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        (.30)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.50
<EXPENSE-RATIO>                                   2.08
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 61
   <NAME> ALGER GROWTH CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                           307953
<INVESTMENTS-AT-VALUE>                          369207
<RECEIVABLES>                                    17640
<ASSETS-OTHER>                                     138
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  386985
<PAYABLE-FOR-SECURITIES>                         28454
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1041
<TOTAL-LIABILITIES>                              29495
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         45431
<SHARES-COMMON-STOCK>                             4516
<SHARES-COMMON-PRIOR>                             3933
<ACCUMULATED-NII-CURRENT>                       (7662)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          50213
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         61254
<NET-ASSETS>                                    357490
<DIVIDEND-INCOME>                                 2179
<INTEREST-INCOME>                                  836
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    6414
<NET-INVESTMENT-INCOME>                         (3399)
<REALIZED-GAINS-CURRENT>                         48794
<APPREC-INCREASE-CURRENT>                        21432
<NET-CHANGE-FROM-OPS>                            66827
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           7272
<NUMBER-OF-SHARES-REDEEMED>                       2756
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           91283
<ACCUMULATED-NII-PRIOR>                         (4263)
<ACCUMULATED-GAINS-PRIOR>                        10159
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2396
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   6414
<AVERAGE-NET-ASSETS>                            288550
<PER-SHARE-NAV-BEGIN>                             9.40
<PER-SHARE-NII>                                  (.02)
<PER-SHARE-GAIN-APPREC>                           2.20
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.58
<EXPENSE-RATIO>                                   1.30
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 62
   <NAME> ALGER GROWTH CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                           307953
<INVESTMENTS-AT-VALUE>                          369207
<RECEIVABLES>                                    17640
<ASSETS-OTHER>                                     138
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  386985
<PAYABLE-FOR-SECURITIES>                         28454
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1041
<TOTAL-LIABILITIES>                              29495
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                           212
<SHARES-COMMON-STOCK>                               17
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       (7662)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          50213
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         61254
<NET-ASSETS>                                    357490
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<EXPENSES-NET>                                    6414
<NET-INVESTMENT-INCOME>                         (3399)
<REALIZED-GAINS-CURRENT>                         48794
<APPREC-INCREASE-CURRENT>                        21432
<NET-CHANGE-FROM-OPS>                            66827
<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-SOLD>                             23
<NUMBER-OF-SHARES-REDEEMED>                          5
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           91283
<ACCUMULATED-NII-PRIOR>                         (4263)
<ACCUMULATED-GAINS-PRIOR>                        10159
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                             2396
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   6414
<AVERAGE-NET-ASSETS>                            288550
<PER-SHARE-NAV-BEGIN>                            11.98
<PER-SHARE-NII>                                  (.02)
<PER-SHARE-GAIN-APPREC>                          (.46)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.50
<EXPENSE-RATIO>                                   2.02
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 7
   <NAME> ALGER BALANCED CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                            11749
<INVESTMENTS-AT-VALUE>                           13319
<RECEIVABLES>                                      441
<ASSETS-OTHER>                                      76
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   13836
<PAYABLE-FOR-SECURITIES>                           613
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           63
<TOTAL-LIABILITIES>                                676
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          9325
<SHARES-COMMON-STOCK>                              768
<SHARES-COMMON-PRIOR>                              816
<ACCUMULATED-NII-CURRENT>                         (55)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           1853
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          1570
<NET-ASSETS>                                     13160
<DIVIDEND-INCOME>                                   60
<INTEREST-INCOME>                                  314
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     368
<NET-INVESTMENT-INCOME>                              6
<REALIZED-GAINS-CURRENT>                          1856
<APPREC-INCREASE-CURRENT>                          316
<NET-CHANGE-FROM-OPS>                             2178
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (50)
<DISTRIBUTIONS-OF-GAINS>                         (288)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            626
<NUMBER-OF-SHARES-REDEEMED>                        831
<SHARES-REINVESTED>                                 23
<NET-CHANGE-IN-ASSETS>                           (332)
<ACCUMULATED-NII-PRIOR>                           (11)
<ACCUMULATED-GAINS-PRIOR>                          285
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               96
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    368
<AVERAGE-NET-ASSETS>                             12498
<PER-SHARE-NAV-BEGIN>                            14.21
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                           2.67
<PER-SHARE-DIVIDEND>                             (.06)
<PER-SHARE-DISTRIBUTIONS>                        (.34)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.48
<EXPENSE-RATIO>                                   2.89
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 71
   <NAME> ALGER BALANCED CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                            11749
<INVESTMENTS-AT-VALUE>                           13319
<RECEIVABLES>                                      441
<ASSETS-OTHER>                                      76
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   13836
<PAYABLE-FOR-SECURITIES>                           613
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           63
<TOTAL-LIABILITIES>                                676
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                           417
<SHARES-COMMON-STOCK>                               28
<SHARES-COMMON-PRIOR>                               20
<ACCUMULATED-NII-CURRENT>                         (55)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           1853
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          1570
<NET-ASSETS>                                     13160
<DIVIDEND-INCOME>                                   60
<INTEREST-INCOME>                                  314
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     368
<NET-INVESTMENT-INCOME>                              6
<REALIZED-GAINS-CURRENT>                          1856
<APPREC-INCREASE-CURRENT>                          316
<NET-CHANGE-FROM-OPS>                             2178
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                             33
<NUMBER-OF-SHARES-REDEEMED>                          5
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           (332)
<ACCUMULATED-NII-PRIOR>                           (11)
<ACCUMULATED-GAINS-PRIOR>                          285
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                               96
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    368
<AVERAGE-NET-ASSETS>                             12498
<PER-SHARE-NAV-BEGIN>                            13.99
<PER-SHARE-NII>                                    .05
<PER-SHARE-GAIN-APPREC>                           2.54
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.58
<EXPENSE-RATIO>                                   2.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 72
   <NAME> ALGER BALANCED CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                            11749
<INVESTMENTS-AT-VALUE>                           13319
<RECEIVABLES>                                      441
<ASSETS-OTHER>                                      76
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   13836
<PAYABLE-FOR-SECURITIES>                           613
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           63
<TOTAL-LIABILITIES>                                676
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                            50
<SHARES-COMMON-STOCK>                                3
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                         (55)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           1853
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         15700
<NET-ASSETS>                                     13160
<DIVIDEND-INCOME>                                   60
<INTEREST-INCOME>                                  314
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     368
<NET-INVESTMENT-INCOME>                              6
<REALIZED-GAINS-CURRENT>                          1856
<APPREC-INCREASE-CURRENT>                          316
<NET-CHANGE-FROM-OPS>                             2178
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                              3
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           (332)
<ACCUMULATED-NII-PRIOR>                           (11)
<ACCUMULATED-GAINS-PRIOR>                          285
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               96
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    368
<AVERAGE-NET-ASSETS>                             12498
<PER-SHARE-NAV-BEGIN>                            16.88
<PER-SHARE-NII>                                  (.01)
<PER-SHARE-GAIN-APPREC>                          (.38)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.49
<EXPENSE-RATIO>                                   2.77
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 8
   <NAME> ALGER MIDCAP GROWTH CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                           148501
<INVESTMENTS-AT-VALUE>                          172661
<RECEIVABLES>                                     6400
<ASSETS-OTHER>                                      67
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  179128
<PAYABLE-FOR-SECURITIES>                          6607
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          526
<TOTAL-LIABILITIES>                               7133
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        125306
<SHARES-COMMON-STOCK>                             7454
<SHARES-COMMON-PRIOR>                             7580
<ACCUMULATED-NII-CURRENT>                       (4426)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          22199
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         24160
<NET-ASSETS>                                    171995
<DIVIDEND-INCOME>                                  439
<INTEREST-INCOME>                                  514
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    3365
<NET-INVESTMENT-INCOME>                         (2412)
<REALIZED-GAINS-CURRENT>                         21535
<APPREC-INCREASE-CURRENT>                        10912
<NET-CHANGE-FROM-OPS>                            30035
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        (3458)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           6111
<NUMBER-OF-SHARES-REDEEMED>                       5494
<SHARES-REINVESTED>                                177
<NET-CHANGE-IN-ASSETS>                           46309
<ACCUMULATED-NII-PRIOR>                         (2014)
<ACCUMULATED-GAINS-PRIOR>                         4122
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1236
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3365
<AVERAGE-NET-ASSETS>                            149055
<PER-SHARE-NAV-BEGIN>                            18.87
<PER-SHARE-NII>                                  (.29)
<PER-SHARE-GAIN-APPREC>                           4.23
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        (.48)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              22.33
<EXPENSE-RATIO>                                   2.19
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 81
   <NAME> ALGER MIDCAPGROWTH CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                           148501
<INVESTMENTS-AT-VALUE>                          172661
<RECEIVABLES>                                     6400
<ASSETS-OTHER>                                      67
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  179128
<PAYABLE-FOR-SECURITIES>                          6607
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          526
<TOTAL-LIABILITIES>                               7133
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          4665
<SHARES-COMMON-STOCK>                              242
<SHARES-COMMON-PRIOR>                              231
<ACCUMULATED-NII-CURRENT>                       (4426)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          22199
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         24160
<NET-ASSETS>                                    171995
<DIVIDEND-INCOME>                                  439
<INTEREST-INCOME>                                  514
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    3365
<NET-INVESTMENT-INCOME>                         (2412)
<REALIZED-GAINS-CURRENT>                         21535
<APPREC-INCREASE-CURRENT>                        10912
<NET-CHANGE-FROM-OPS>                            30035
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           1682
<NUMBER-OF-SHARES-REDEEMED>                       1440
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           46309
<ACCUMULATED-NII-PRIOR>                         (2014)
<ACCUMULATED-GAINS-PRIOR>                         4122
<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3365
<AVERAGE-NET-ASSETS>                            149055
<PER-SHARE-NAV-BEGIN>                            18.92
<PER-SHARE-NII>                                  (.10)
<PER-SHARE-GAIN-APPREC>                           3.64
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              22.46
<EXPENSE-RATIO>                                   1.40
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 82
   <NAME> ALGER MIDCAP GROWTH CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                           148501
<INVESTMENTS-AT-VALUE>                          172661
<RECEIVABLES>                                     6400
<ASSETS-OTHER>                                      67
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  179128
<PAYABLE-FOR-SECURITIES>                          6607
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          526
<TOTAL-LIABILITIES>                               7133
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                            91
<SHARES-COMMON-STOCK>                                4
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       (4426)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          22199
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         24160
<NET-ASSETS>                                    171995
<DIVIDEND-INCOME>                                  439
<INTEREST-INCOME>                                  514
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    3365
<NET-INVESTMENT-INCOME>                         (2412)
<REALIZED-GAINS-CURRENT>                         21535
<APPREC-INCREASE-CURRENT>                        10912
<NET-CHANGE-FROM-OPS>                            30035
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                              5
<NUMBER-OF-SHARES-REDEEMED>                          1
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           46309
<ACCUMULATED-NII-PRIOR>                         (2014)
<ACCUMULATED-GAINS-PRIOR>                         4122
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                             1236
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3365
<AVERAGE-NET-ASSETS>                            149055
<PER-SHARE-NAV-BEGIN>                            22.49
<PER-SHARE-NII>                                  (.03)
<PER-SHARE-GAIN-APPREC>                          (.13)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              22.33
<EXPENSE-RATIO>                                   1.97
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 9
   <NAME> ALGER CAPITAL APPRECIATION CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                           197866
<INVESTMENTS-AT-VALUE>                          228069
<RECEIVABLES>                                    14419
<ASSETS-OTHER>                                      96
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  242584
<PAYABLE-FOR-SECURITIES>                         12629
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          859
<TOTAL-LIABILITIES>                              13486
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        170067
<SHARES-COMMON-STOCK>                             8189
<SHARES-COMMON-PRIOR>                             7346
<ACCUMULATED-NII-CURRENT>                       (5158)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          19075
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         30203
<NET-ASSETS>                                    229098
<DIVIDEND-INCOME>                                 1091
<INTEREST-INCOME>                                  140
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    4385
<NET-INVESTMENT-INCOME>                         (3154)
<REALIZED-GAINS-CURRENT>                         17357
<APPREC-INCREASE-CURRENT>                        18233
<NET-CHANGE-FROM-OPS>                            32436
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         (970)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          12410
<NUMBER-OF-SHARES-REDEEMED>                      11213
<SHARES-REINVESTED>                                 43
<NET-CHANGE-IN-ASSETS>                           78840
<ACCUMULATED-NII-PRIOR>                         (2004)
<ACCUMULATED-GAINS-PRIOR>                         2688
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1587
<INTEREST-EXPENSE>                                 192
<GROSS-EXPENSE>                                   4385
<AVERAGE-NET-ASSETS>                            179081
<PER-SHARE-NAV-BEGIN>                            21.62
<PER-SHARE-NII>                                  (.33)
<PER-SHARE-GAIN-APPREC>                           4.85
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        (.14)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                 26
<EXPENSE-RATIO>                                   2.38
<AVG-DEBT-OUTSTANDING>                            2940
<AVG-DEBT-PER-SHARE>                               .38
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 91
   <NAME> ALGER CAPITAL APPRECIATION CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                           197866
<INVESTMENTS-AT-VALUE>                          228069
<RECEIVABLES>                                    14419
<ASSETS-OTHER>                                      96
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  242584
<PAYABLE-FOR-SECURITIES>                         12629
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          859
<TOTAL-LIABILITIES>                              13486
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         14238
<SHARES-COMMON-STOCK>                              595
<SHARES-COMMON-PRIOR>                              360
<ACCUMULATED-NII-CURRENT>                       (5158)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          19075
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         30203
<NET-ASSETS>                                    229098
<DIVIDEND-INCOME>                                 1091
<INTEREST-INCOME>                                  140
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    4385
<NET-INVESTMENT-INCOME>                         (3154)
<REALIZED-GAINS-CURRENT>                         17357
<APPREC-INCREASE-CURRENT>                        18233
<NET-CHANGE-FROM-OPS>                            32436
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           3474
<NUMBER-OF-SHARES-REDEEMED>                       2879
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           78840
<ACCUMULATED-NII-PRIOR>                         (2004)
<ACCUMULATED-GAINS-PRIOR>                         2688
<OVERDISTRIB-NII-PRIOR>                              0
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</TABLE>

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