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SIGNATURE TAMARA L. FAGELY
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 30 THROUGH 46 OF THE ANNUAL SHAREHOLDER
REPORT.
</LEGEND>
<CIK> 0000355716
<NAME> FORTIS FIDUCIARY FUND, INC.
<SERIES>
<NUMBER> 001
<NAME> FORTIS FIDUCIARY FUND, INC. (CLASS A)
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<FN>
<F1>SECURITIES VALUED AT $24,884,260 WERE ON LOAN TO BROKERS FROM THE PORTFOLIO.
FOR COLLATERAL, THE PORTFOLIO'S CUSTODIAN RECEIVED $26,992,178 IN CASH.
<F2>SECURITY LENDING INCOME THROUGH AUGUST 31, 1997.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 30 THROUGH 46 OF THE ANNUAL SHAREHOLDER
REPORT.
</LEGEND>
<CIK> 0000355716
<NAME> FORTIS FIDUCIARY FUND, INC.
<SERIES>
<NUMBER> 002
<NAME> FORTIS FIDUCIARY FUND, INC. (CLASS B)
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<S> <C>
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<FN>
<F1>SECURITIES VALUED AT $24,884,260 WERE ON LOAN TO BROKERS FROM THE PORTFOLIO.
FOR COLLATERAL, THE PORTFOLIO'S CUSTODIAN RECEIVED $26,992,178 IN CASH.
<F2>SECURITY LENDING INCOME THROUGH AUGUST 31, 1997.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 30 THROUGH 46 OF THE ANNUAL SHAREHOLDER
REPORT.
</LEGEND>
<CIK> 0000355716
<NAME> FORTIS FIDUCIARY FUND, INC.
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<FN>
<F1>SECURITIES VALUED AT $24,884,260 WERE ON LOAN TO BROKERS FROM THE PORTFOLIO.
FOR COLLATERAL, THE PORTFOLIO'S CUSTODIAN RECEIVED $26,992,178 IN CASH.
<F2>SECURITY LENDING INCOME THROUGH AUGUST 31, 1997.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS FOUND ON PAGES 30 THROUGH 46 OF THE ANNUAL SHAREHOLDER
REPORT.
</LEGEND>
<CIK> 0000355716
<NAME> FORTIS FIDUCIARY FUND, INC.
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<AVERAGE-NET-ASSETS> 81,677,000
<PER-SHARE-NAV-BEGIN> 36.26
<PER-SHARE-NII> (0.78)
<PER-SHARE-GAIN-APPREC> 12.56
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (2.88)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 45.16
<EXPENSE-RATIO> 2.16
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>SECURITIES VALUED AT $24,884,260 WERE ON LOAN TO BROKERS FROM THE PORTFOLIO.
FOR COLLATERAL, THE PORTFOLIO'S CUSTODIAN RECEIVED $26,992,178 IN CASH.
<F2>SECURITY LENDING INCOME THROUGH AUGUST 31, 1997.
</FN>
</TABLE>
KPMG Peat Marwick LLP
4200 Norwest Center
90 South Seventh Street
Minneapolis MN 55402
Independent Auditors' Report on Internal Accounting
Control
The Board of Directors and Shareholders
Fortis Fiduciary Fund, Inc.
In planning and performing our audits of the financial
statements of Fortis Fiduciary Fund, Inc. for the year
ended August 31, 1997, we considered their internal
control structure, including procedures for
safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with
the requirements of Form N-SAR, not to provide
assurance on the internal control structure.
The management of the Company is responsible for
establishing and maintaining an internal control
structure. In fulfilling this responsibility, estimates
and judgments by management are required to assess the
expected benefits and related costs of internal control
structure policies and procedures. Two of the
objectives of an internal control structure are to
provide management with reasonable, but not absolute,
assurance that assets are safeguarded against loss from
unauthorized use or disposition and that transactions
are executed in accordance with management's
authorization and recorded properly to permit the
preparation of financial statements in conformity with
generally accepted accounting principles.
Because of inherent limitations in any internal control
structure, errors or irregularities may occur and not
be detected. Also, projection of any evaluation of the
structure to future periods is subject to the risk that
it may become inadequate because of changes in
conditions of that the effectiveness of the design and
operation may deteriorate.
Our consideration of the internal control structure
would not necessarily disclose all matters in the
internal control structure that might be material
weaknesses under standards established by the American
Institute of Certified Public Accountants. A material
weakness is a condition in which the design or
operation of the specific internal control structure
elements does not reduce to a relatively low level the
risk that errors or irregularities in amounts that
would be material in relation to the financial
statements being audited may occur and not be detected
within a timely period by employees in the normal
course of performing their assigned functions. However,
we noted no matters involving the internal control
structure, including procedures for safeguarding
securities, that we consider to be material weaknesses
as defined above as of August 31, 1997.
This report is intended solely for the information and
use of management and the Securities and Exchange
Commission.
/s/
KPMG Peat Marwick LLP
Minneapolis Minnesota
October 10, 1997
