ALGER FUND
NSAR-A, 1997-06-26
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<PAGE>      PAGE  1
000 A000000 04/30/97
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
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
020 A000001 FRED ALGER & COMPANY, INCORPORATED
020 B000001 13-2665689
020 C000001   1427
020 A000002 INSTINET CORP.
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<PAGE>      PAGE  2
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022 A000002 LEHMAN BROTHERS
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022 D000002     65690
022 A000003 GOLDMAN SACHS & CO
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022 D000005     31546
022 A000006 PRUDENTIAL BACHE
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022 D000006     18138
022 A000007 ALEX BROWN & SONS, INC
022 B000007 52-1319768
022 C000007     16581
022 D000007     20505
022 A000008 CANTOR FITGERALD & CO., INC
022 B000008 13-3680187
022 C000008      4403
022 D000008     24589
022 A000009 UBS SECURITIES INC
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<PAGE>      PAGE  3
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<PAGE>      PAGE  5
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  19
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076  000800     0.00
024  000900 Y
025 A000901 MORGAN STANLEY GROUP
025 B000901 13-2655998
025 C000901 E
025 D000901    3106
025 A000902 MERRILL LYNCH & CO.
025 B000902 13-5674085
025 C000902 D
025 D000902    3244
025 D000903       0
025 D000904       0
025 D000905       0
025 D000906       0
025 D000907       0
025 D000908       0
028 A010900     14146
028 A020900         0
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<PAGE>      PAGE  20
028 E020900         0
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028 F040900     35113
028 G010900    118538
028 G020900       942
028 G030900         0
028 G040900    102152
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029  000900 Y
030 A000900     33
030 B000900  4.75
030 C000900  0.00
031 A000900      8
031 B000900      0
032  000900     25
033  000900      0
034  000900 Y
035  000900    550
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    603
044  000900      0
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
<PAGE>      PAGE  21
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
068 B000900 N
069  000900 N
071 A000900    132354
071 B000900    132979
071 C000900    164714
071 D000900   80
072 A000900  6
072 B000900       40
072 C000900      481
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072 G000900        0
072 H000900        0
072 I000900      528
072 J000900       17
072 K000900        0
072 L000900        5
072 M000900        3
072 N000900       47
072 O000900        0
072 P000900      115
072 Q000900        0
072 R000900        5
072 S000900        2
072 T000900      603
072 U000900        0
072 V000900        0
072 W000900        2
072 X000900     2016
072 Y000900        0
072 Z000900    -1495
072AA000900    15867
072BB000900    15632
072CC010900     1346
072CC020900        0
072DD010900        0
072DD020900        0
072EE000900      970
073 A010900   0.0000
073 A020900   0.0000
<PAGE>      PAGE  22
073 B000900   0.1400
073 C000900   0.0000
074 A000900       19
074 B000900        0
074 C000900     6340
074 D000900        0
074 E000900     1648
074 F000900   159160
074 G000900        0
074 H000900        0
074 I000900        0
074 J000900     7252
074 K000900        0
074 L000900     1035
074 M000900        0
074 N000900   175454
074 O000900     7942
074 P000900        0
074 Q000900        0
074 R010900        0
074 R020900        0
074 R030900        0
074 R040900      810
074 S000900        0
074 T000900   166702
074 U010900     7346
074 U020900      360
074 V010900    21.63
074 V020900    21.69
074 W000900   0.0000
074 X000900    29751
074 Y000900        0
075 A000900        0
075 B000900   162619
076  000900     0.00
SIGNATURE   GREGORY S. DUCH                              
TITLE       TREASURER           
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 7
   <NAME> ALGER BALANCED PORFOLIO CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
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<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               APR-30-1997
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<PER-SHARE-NAV-END>                              14.37
<EXPENSE-RATIO>                                   2.16
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 7
   <NAME> ALGER BALANCED PORTFOLIO CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                            10782
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<SHARES-COMMON-STOCK>                              816
<SHARES-COMMON-PRIOR>                              950
<ACCUMULATED-NII-CURRENT>                         (52)
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<NET-INVESTMENT-INCOME>                              9
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<PER-SHARE-NAV-END>                              14.34
<EXPENSE-RATIO>                                   2.93
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 9
   <NAME> ALGER CAPITAL APPRECIATION PORTFOLIO CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                           153832
<INVESTMENTS-AT-VALUE>                          167148
<RECEIVABLES>                                     8287
<ASSETS-OTHER>                                      19
<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                          7942
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<OTHER-ITEMS-LIABILITIES>                          810
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        154932
<SHARES-COMMON-STOCK>                              360
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       (3499)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           1953
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<ACCUM-APPREC-OR-DEPREC>                         13316
<NET-ASSETS>                                    166702
<DIVIDEND-INCOME>                                  481
<INTEREST-INCOME>                                   40
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2016
<NET-INVESTMENT-INCOME>                         (1495)
<REALIZED-GAINS-CURRENT>                           235
<APPREC-INCREASE-CURRENT>                         1346
<NET-CHANGE-FROM-OPS>                               86
<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-SOLD>                            794
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<NET-CHANGE-IN-ASSETS>                           16444
<ACCUMULATED-NII-PRIOR>                         (2004)
<ACCUMULATED-GAINS-PRIOR>                         2688
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<GROSS-EXPENSE>                                   2016
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<PER-SHARE-NAV-BEGIN>                            21.59
<PER-SHARE-NII>                                  (.01)
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<PER-SHARE-NAV-END>                              21.69
<EXPENSE-RATIO>                                   1.58
<AVG-DEBT-OUTSTANDING>                         3603066
<AVG-DEBT-PER-SHARE>                               .49
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 9
   <NAME> ALGER CAPITAL APPRECIATION PORTFOLIO CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                           153832
<INVESTMENTS-AT-VALUE>                          167148
<RECEIVABLES>                                     8287
<ASSETS-OTHER>                                      19
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  175454
<PAYABLE-FOR-SECURITIES>                          7942
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          810
<TOTAL-LIABILITIES>                               8752
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        154932
<SHARES-COMMON-STOCK>                             7346
<SHARES-COMMON-PRIOR>                             6949
<ACCUMULATED-NII-CURRENT>                       (3499)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           1953
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         13316
<NET-ASSETS>                                    166702
<DIVIDEND-INCOME>                                  481
<INTEREST-INCOME>                                   40
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2016
<NET-INVESTMENT-INCOME>                         (1495)
<REALIZED-GAINS-CURRENT>                           235
<APPREC-INCREASE-CURRENT>                         1346
<NET-CHANGE-FROM-OPS>                               86
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         (970)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           4626
<NUMBER-OF-SHARES-REDEEMED>                       4271
<SHARES-REINVESTED>                                 43
<NET-CHANGE-IN-ASSETS>                           16444
<ACCUMULATED-NII-PRIOR>                         (2004)
<ACCUMULATED-GAINS-PRIOR>                         2688
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              689
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   2016
<AVERAGE-NET-ASSETS>                            162619
<PER-SHARE-NAV-BEGIN>                            21.62
<PER-SHARE-NII>                                  (.19)
<PER-SHARE-GAIN-APPREC>                            .34
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        (.14)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.63
<EXPENSE-RATIO>                                   2.50
<AVG-DEBT-OUTSTANDING>                         3603066
<AVG-DEBT-PER-SHARE>                               .49
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 8
   <NAME> ALGER MIDCAP GROWTH PORTFOLIO CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                           140245
<INVESTMENTS-AT-VALUE>                          147181
<RECEIVABLES>                                     3329
<ASSETS-OTHER>                                      14
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  150524
<PAYABLE-FOR-SECURITIES>                          9052
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          524
<TOTAL-LIABILITIES>                               9576
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        132671
<SHARES-COMMON-STOCK>                              231
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       (3102)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           4443
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          6936
<NET-ASSETS>                                    140948
<DIVIDEND-INCOME>                                  218
<INTEREST-INCOME>                                  282
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1588
<NET-INVESTMENT-INCOME>                         (1088)
<REALIZED-GAINS-CURRENT>                          3779
<APPREC-INCREASE-CURRENT>                       (6312)
<NET-CHANGE-FROM-OPS>                           (3621)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            689
<NUMBER-OF-SHARES-REDEEMED>                        458
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           15262
<ACCUMULATED-NII-PRIOR>                         (2014)
<ACCUMULATED-GAINS-PRIOR>                         4122
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              561
<INTEREST-EXPENSE>                                   0
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<AVERAGE-NET-ASSETS>                            139325
<PER-SHARE-NAV-BEGIN>                            18.92
<PER-SHARE-NII>                                  (.01)
<PER-SHARE-GAIN-APPREC>                          (.83)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.08
<EXPENSE-RATIO>                                   1.52
<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>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                           140245
<INVESTMENTS-AT-VALUE>                          147181
<RECEIVABLES>                                     3329
<ASSETS-OTHER>                                      14
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<TOTAL-ASSETS>                                  150524
<PAYABLE-FOR-SECURITIES>                          9052
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          524
<TOTAL-LIABILITIES>                               9576
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        132671
<SHARES-COMMON-STOCK>                             7580
<SHARES-COMMON-PRIOR>                             6660
<ACCUMULATED-NII-CURRENT>                       (3102)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           4443
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          6936
<NET-ASSETS>                                    140948
<DIVIDEND-INCOME>                                  218
<INTEREST-INCOME>                                  282
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1588
<NET-INVESTMENT-INCOME>                         (1088)
<REALIZED-GAINS-CURRENT>                          3779
<APPREC-INCREASE-CURRENT>                       (6312)
<NET-CHANGE-FROM-OPS>                           (3621)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        (3458)
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<NUMBER-OF-SHARES-SOLD>                           3167
<NUMBER-OF-SHARES-REDEEMED>                       2423
<SHARES-REINVESTED>                                177
<NET-CHANGE-IN-ASSETS>                           15262
<ACCUMULATED-NII-PRIOR>                         (2014)
<ACCUMULATED-GAINS-PRIOR>                         4122
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              561
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1588
<AVERAGE-NET-ASSETS>                            139325
<PER-SHARE-NAV-BEGIN>                            18.87
<PER-SHARE-NII>                                  (.11)
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<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        (.48)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.04
<EXPENSE-RATIO>                                   2.27
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> ALGER MONEY MARKET PORTFOLIO
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                           243075
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<SHARES-COMMON-PRIOR>                           285766
<ACCUMULATED-NII-CURRENT>                            0
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
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   <NAME> ALGER SMALL CAPITALIZATION PORTFOLIO CLASS A
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<SERIES>
   <NUMBER> 5
   <NAME> ALGER SMALL CAPITALIZATION CLASS B
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<S>                             <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> ALGER GROWTH PORTFOLIO CLASS A
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

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<SERIES>
   <NUMBER> 6
   <NAME> ALGER GROWTH PORTFOLIO CLASS B
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</TABLE>


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