<PAGE> PAGE 1
000 A000000 07/31/98
000 C000000 0000357298
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 PERMANENT PORTFOLIO FAMILY OF FUNDS, INC.
001 B000000 811-3379
001 C000000 7077781000
002 A000000 625 SECOND STREET, SUITE 102
002 B000000 PETALUMA
002 C000000 CA
002 D010000 94952
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 PERMANENT PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 TREASURY BILL PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 AGGRESSIVE GROWTH PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 VERSATILE BOND PORTFOLIO
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
<PAGE> PAGE 2
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
007 C015100 51
007 C015200 52
007 C015300 53
007 C015400 54
007 C015500 55
007 C015600 56
007 C015700 57
007 C015800 58
007 C015900 59
007 C016000 60
007 C016100 61
007 C016200 62
007 C016300 63
007 C016400 64
007 C016500 65
007 C016600 66
007 C016700 67
007 C016800 68
007 C016900 69
007 C017000 70
007 C017100 71
007 C017200 72
<PAGE> PAGE 3
007 C017300 73
007 C017400 74
007 C017500 75
007 C017600 76
007 C017700 77
007 C017800 78
007 C017900 79
007 C018000 80
007 C018100 81
007 C018200 82
007 C018300 83
007 C018400 84
007 C018500 85
007 C018600 86
007 C018700 87
007 C018800 88
007 C018900 89
007 C019000 90
008 A00AA01 WORLD MONEY MANAGERS
008 B00AA01 A
008 C00AA01 801-16785
008 D01AA01 PETALUMA
008 D02AA01 CA
008 D03AA01 94952
010 A00AA01 PERMANENT PORTFOLIO INFORMATION, INC.
010 C01AA01 AUSTIN
010 C02AA01 TX
010 C03AA01 78763
012 A00AA01 CHASE GLOBAL FUNDS SERVICES COMPANY
012 B00AA01 84-01719
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02108
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 SAN FRANCISCO
013 B02AA01 CA
013 B03AA01 94111
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 MORGAN STANLEY DEAN WITTER & COMPANY
020 B000001 94-1671384
020 C000001 4
020 A000002 BARRINGTON TRADING COMPANY
020 B000002 36-2942713
020 C000002 2
020 A000003 BEAR STEARNS COMPANIES, INC.
020 B000003 13-3604093
020 C000003 1
020 A000004 EVEREN SECURITIES, INC.
020 B000004 36-3223831
<PAGE> PAGE 4
020 C000004 1
020 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000005 13-5674085
020 C000005 1
020 A000006 SG COWEN SECURITIES CORPORATION
020 B000006 13-1976032
020 C000006 1
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 10
022 A000001 STATE STREET CORPORATION
022 B000001 04-1867445
022 C000001 211049
022 D000001 996
022 A000002 MORGAN STANLEY DEAN WITTER & COMPANY
022 B000002 94-1671384
022 C000002 136009
022 D000002 21000
022 A000003 VONTOBEL SECURITIES, INC.
022 B000003 13-3444519
022 C000003 3564
022 D000003 0
022 A000004 BARRINGTON TRADING COMPANY
022 B000004 36-2942713
022 C000004 1062
022 D000004 0
022 A000005 EVEREN SECURITIES, INC.
022 B000005 36-3223831
022 C000005 1002
022 D000005 1805
022 A000006 DAIN RAUSCHER, INC.
022 B000006 41-1416330
022 C000006 1000
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 353686
023 D000000 23801
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
<PAGE> PAGE 5
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 Y
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 Y
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 Y
077 Q020000 N
077 Q030000 N
<PAGE> PAGE 6
078 000000 N
080 A00AA00 UNITED PACIFIC INSURANCE COMPANY
080 C00AA00 750000
081 A00AA00 N
081 B00AA00 0
082 A00AA00 Y
082 B00AA00 25
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 N
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
015 A000101 REPUBLIC NATIONAL BANK OF NEW YORK
015 B000101 S
015 C010101 NEW YORK
015 C020101 NY
015 C030101 10018
015 E010101 X
015 A000102 STATE STREET BANK AND TRUST COMPANY
015 B000102 C
015 C010102 BOSTON
015 C020102 MA
015 C030102 02105
015 E010102 X
015 A000103 STATE STREET BANK AND TRUST COMPANY
015 B000103 C
015 C010103 BOSTON
015 C020103 MA
015 C030103 02105
015 E040103 X
024 000100 Y
025 A000101 MORGAN STANLEY DEAN WITTER & COMPANY
025 B000101 94-1671384
025 C000101 E
025 D000101 348
025 A000102 STATE STREET CORPORATION
025 B000102 04-1867445
025 C000102 E
<PAGE> PAGE 7
025 D000102 347
025 A000103 BEAR STEARNS COMPANIES, INC.
025 B000103 13-3604093
025 C000103 E
025 D000103 281
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 516
028 A020100 0
028 A030100 0
028 A040100 856
028 B010100 1188
028 B020100 0
028 B030100 0
028 B040100 868
028 C010100 569
028 C020100 0
028 C030100 0
028 C040100 810
028 D010100 534
028 D020100 0
028 D030100 0
028 D040100 861
028 E010100 397
028 E020100 0
028 E030100 0
028 E040100 1935
028 F010100 321
028 F020100 0
028 F030100 0
028 F040100 1053
028 G010100 3525
028 G020100 0
028 G030100 0
028 G040100 6383
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 200000
048 A020100 1.125
048 B010100 200000
048 B020100 0.813
048 C010100 200000
048 C020100 0.750
048 D010100 0
048 D020100 0.000
<PAGE> PAGE 8
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 600000
048 K020100 0.688
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
054 A000100 Y
054 B000100 Y
054 C000100 Y
054 D000100 Y
054 E000100 Y
054 F000100 Y
054 G000100 Y
054 H000100 N
054 I000100 N
054 J000100 N
054 K000100 Y
054 L000100 Y
054 M000100 Y
054 N000100 Y
054 O000100 Y
055 A000100 Y
055 B000100 N
056 000100 N
057 000100 N
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
<PAGE> PAGE 9
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 Y
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 Y
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
<PAGE> PAGE 10
070 R020100 N
071 A000100 4461
071 B000100 4746
071 C000100 46563
071 D000100 19
072 A000100 6
072 B000100 1098
072 C000100 290
072 D000100 0
072 E000100 0
072 F000100 398
072 G000100 0
072 H000100 67
072 I000100 0
072 J000100 0
072 K000100 0
072 L000100 0
072 M000100 25
072 N000100 0
072 O000100 62
072 P000100 0
072 Q000100 0
072 R000100 0
072 S000100 0
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 2
072 X000100 554
072 Y000100 0
072 Z000100 834
072AA000100 1477
072BB000100 0
072CC010100 0
072CC020100 2830
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 39
074 B000100 0
074 C000100 4477
074 D000100 25780
074 E000100 0
074 F000100 18965
074 G000100 1438
074 H000100 0
074 I000100 16828
<PAGE> PAGE 11
074 J000100 0
074 K000100 0
074 L000100 443
074 M000100 0
074 N000100 67970
074 O000100 0
074 P000100 87
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 149
074 S000100 0
074 T000100 67734
074 U010100 3577
074 U020100 0
074 V010100 18.94
074 V020100 0.00
074 W000100 0.0000
074 X000100 4
074 Y000100 0
075 A000100 0
075 B000100 71064
076 000100 0.00
015 A000201 STATE STREET BANK AND TRUST COMPANY
015 B000201 C
015 C010201 BOSTON
015 C020201 MA
015 C030201 02105
015 E010201 X
024 000200 N
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 2351
028 A020200 0
028 A030200 0
028 A040200 3341
028 B010200 3694
028 B020200 0
028 B030200 0
028 B040200 3605
028 C010200 1073
028 C020200 0
028 C030200 0
028 C040200 4023
<PAGE> PAGE 12
028 D010200 3549
028 D020200 0
028 D030200 0
028 D040200 2736
028 E010200 3071
028 E020200 0
028 E030200 0
028 E040200 3136
028 F010200 4354
028 F020200 0
028 F030200 0
028 F040200 3097
028 G010200 18092
028 G020200 0
028 G030200 0
028 G040200 19938
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 200000
048 A020200 1.125
048 B010200 200000
048 B020200 0.813
048 C010200 200000
048 C020200 0.750
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 600000
048 K020200 0.688
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
054 A000200 Y
<PAGE> PAGE 13
054 B000200 Y
054 C000200 Y
054 D000200 Y
054 E000200 Y
054 F000200 Y
054 G000200 Y
054 H000200 N
054 I000200 N
054 J000200 N
054 K000200 Y
054 L000200 Y
054 M000200 Y
054 N000200 Y
054 O000200 Y
055 A000200 Y
055 B000200 N
056 000200 N
057 000200 N
062 A000200 Y
062 B000200 97.7
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 2.3
063 A000200 75
063 B000200 0.0
064 A000200 N
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
<PAGE> PAGE 14
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 2394
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 521
072 G000200 0
072 H000200 89
072 I000200 0
072 J000200 0
072 K000200 0
072 L000200 0
072 M000200 32
072 N000200 0
072 O000200 61
072 P000200 0
072 Q000200 0
<PAGE> PAGE 15
072 R000200 0
072 S000200 0
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 2
072 X000200 705
072 Y000200 233
072 Z000200 1922
072AA000200 0
072BB000200 4
072CC010200 0
072CC020200 4
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 92059
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 2447
074 M000200 0
074 N000200 94506
074 O000200 0
074 P000200 93
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 146
074 S000200 0
074 T000200 94267
074 U010200 1367
074 U020200 0
074 V010200 68.96
074 V020200 0.00
074 W000200 0.0000
074 X000200 3
074 Y000200 0
075 A000200 0
<PAGE> PAGE 16
075 B000200 93183
076 000200 0.00
015 A000301 STATE STREET BANK AND TRUST COMPANY
015 B000301 C
015 C010301 BOSTON
015 C020301 MA
015 C030301 02105
015 E010301 X
024 000300 Y
025 A000301 BEAR STEARNS COMPANIES, INC.
025 B000301 13-3604093
025 C000301 E
025 D000301 844
025 A000302 STATE STREET CORPORATION
025 B000302 04-1867445
025 C000302 E
025 D000302 790
025 A000303 MORGAN STANLEY DEAN WITTER & COMPANY
025 B000303 94-1671384
025 C000303 E
025 D000303 697
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 349
028 A020300 0
028 A030300 0
028 A040300 669
028 B010300 590
028 B020300 0
028 B030300 0
028 B040300 353
028 C010300 467
028 C020300 0
028 C030300 0
028 C040300 405
028 D010300 223
028 D020300 0
028 D030300 0
028 D040300 531
028 E010300 588
028 E020300 0
028 E030300 0
028 E040300 463
028 F010300 285
028 F020300 0
028 F030300 0
028 F040300 341
028 G010300 2502
<PAGE> PAGE 17
028 G020300 0
028 G030300 0
028 G040300 2762
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 200000
048 A020300 1.125
048 B010300 200000
048 B020300 0.813
048 C010300 200000
048 C020300 0.750
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 600000
048 K020300 0.688
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 N
054 A000300 Y
054 B000300 Y
054 C000300 Y
054 D000300 Y
054 E000300 Y
054 F000300 Y
054 G000300 Y
054 H000300 N
054 I000300 N
054 J000300 N
054 K000300 Y
054 L000300 Y
054 M000300 Y
054 N000300 Y
054 O000300 Y
055 A000300 Y
<PAGE> PAGE 18
055 B000300 N
056 000300 N
057 000300 N
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
066 A000300 Y
066 B000300 Y
066 C000300 N
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 Y
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
<PAGE> PAGE 19
070 J020300 N
070 K010300 N
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 N
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 393
071 B000300 769
071 C000300 21523
071 D000300 4
072 A000300 6
072 B000300 1
072 C000300 73
072 D000300 0
072 E000300 0
072 F000300 122
072 G000300 0
072 H000300 20
072 I000300 0
072 J000300 0
072 K000300 0
072 L000300 0
072 M000300 8
072 N000300 0
072 O000300 2
072 P000300 0
072 Q000300 0
072 R000300 0
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 0
072 X000300 152
072 Y000300 0
072 Z000300 -78
072AA000300 230
072BB000300 0
072CC010300 1274
072CC020300 0
<PAGE> PAGE 20
072DD010300 0
072DD020300 0
072EE000300 0
073 A010300 0.0000
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 37
074 B000300 0
074 C000300 0
074 D000300 0
074 E000300 0
074 F000300 20607
074 G000300 502
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 3
074 M000300 0
074 N000300 21149
074 O000300 0
074 P000300 26
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 2
074 S000300 0
074 T000300 21121
074 U010300 350
074 U020300 0
074 V010300 60.32
074 V020300 0.00
074 W000300 0.0000
074 X000300 1
074 Y000300 0
075 A000300 0
075 B000300 21521
076 000300 0.00
015 A000401 STATE STREET BANK AND TRUST COMPANY
015 B000401 C
015 C010401 BOSTON
015 C020401 MA
015 C030401 02105
015 E010401 X
024 000400 N
025 D000401 0
025 D000402 0
025 D000403 0
025 D000404 0
<PAGE> PAGE 21
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 138
028 A020400 0
028 A030400 0
028 A040400 624
028 B010400 690
028 B020400 0
028 B030400 0
028 B040400 1226
028 C010400 517
028 C020400 0
028 C030400 0
028 C040400 1355
028 D010400 284
028 D020400 0
028 D030400 0
028 D040400 254
028 E010400 462
028 E020400 0
028 E030400 0
028 E040400 1183
028 F010400 549
028 F020400 0
028 F030400 0
028 F040400 510
028 G010400 2640
028 G020400 0
028 G030400 0
028 G040400 5152
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.000
048 A010400 200000
048 A020400 1.125
048 B010400 200000
048 B020400 0.813
048 C010400 200000
048 C020400 0.750
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
<PAGE> PAGE 22
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 600000
048 K020400 0.688
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 Y
053 B000400 Y
053 C000400 N
054 A000400 Y
054 B000400 Y
054 C000400 Y
054 D000400 Y
054 E000400 Y
054 F000400 Y
054 G000400 Y
054 H000400 N
054 I000400 N
054 J000400 N
054 K000400 Y
054 L000400 Y
054 M000400 Y
054 N000400 Y
054 O000400 Y
055 A000400 Y
055 B000400 N
056 000400 N
057 000400 N
062 A000400 Y
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 3.9
062 N000400 0.0
062 O000400 0.0
062 P000400 94.8
062 Q000400 0.0
<PAGE> PAGE 23
062 R000400 1.3
063 A000400 0
063 B000400 0.8
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 3892
071 B000400 5605
071 C000400 21599
071 D000400 36
072 A000400 6
<PAGE> PAGE 24
072 B000400 660
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 123
072 G000400 0
072 H000400 21
072 I000400 0
072 J000400 0
072 K000400 0
072 L000400 0
072 M000400 8
072 N000400 0
072 O000400 13
072 P000400 0
072 Q000400 0
072 R000400 0
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 0
072 X000400 165
072 Y000400 41
072 Z000400 536
072AA000400 1
072BB000400 0
072CC010400 0
072CC020400 59
072DD010400 0
072DD020400 0
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 1
074 B000400 0
074 C000400 0
074 D000400 21031
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 350
074 M000400 0
074 N000400 21382
074 O000400 0
<PAGE> PAGE 25
074 P000400 23
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 37
074 S000400 0
074 T000400 21322
074 U010400 356
074 U020400 0
074 V010400 59.88
074 V020400 0.00
074 W000400 0.0000
074 X000400 1
074 Y000400 0
075 A000400 0
075 B000400 22119
076 000400 0.00
SIGNATURE MICHAEL J. CUGGINO
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 001
<NAME> PERMANENT PORTFOLIO
<MULTIPLIER> 1
<CURRENCY> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JAN-31-1998
<PERIOD-END> JUL-31-1998
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 63,977,955
<INVESTMENTS-AT-VALUE> 67,487,866
<RECEIVABLES> 442,842
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 39,485
<TOTAL-ASSETS> 67,970,193
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 236,186
<TOTAL-LIABILITIES> 236,186
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53,315,256
<SHARES-COMMON-STOCK> 3,577
<SHARES-COMMON-PRIOR> 3,725
<ACCUMULATED-NII-CURRENT> 7,250,536
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,690,101
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,474,537
<NET-ASSETS> 67,734,007
<DIVIDEND-INCOME> 290,133
<INTEREST-INCOME> 1,098,555
<OTHER-INCOME> 0
<EXPENSES-NET> 554,492
<NET-INVESTMENT-INCOME> 834,196
<REALIZED-GAINS-CURRENT> 1,477,213
<APPREC-INCREASE-CURRENT> (2,830,515)
<NET-CHANGE-FROM-OPS> (519,106)
<EQUALIZATION> (292,335)
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,180,093
<NUMBER-OF-SHARES-REDEEMED> (5,733,206)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (3,364,554)
<ACCUMULATED-NII-PRIOR> 6,831,523
<ACCUMULATED-GAINS-PRIOR> 2,212,888
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 397,500
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 554,492
<AVERAGE-NET-ASSETS> 71,064,364
<PER-SHARE-NAV-BEGIN> 19.08
<PER-SHARE-NII> .22
<PER-SHARE-GAIN-APPREC> (.36)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.94
<EXPENSE-RATIO> .016
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 002
<NAME> TREASURY BILL PORTFOLIO
<MULTIPLIER> 1
<CURRENCY> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JAN-31-1998
<PERIOD-END> JUL-31-1998
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 92,051,806
<INVESTMENTS-AT-VALUE> 92,059,050
<RECEIVABLES> 2,447,347
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 94,506,397
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 239,587
<TOTAL-LIABILITIES> 239,587
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 93,207,985
<SHARES-COMMON-STOCK> 1,367
<SHARES-COMMON-PRIOR> 1,394
<ACCUMULATED-NII-CURRENT> 1,214,183
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (163,969)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,244
<NET-ASSETS> 94,266,810
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,394,323
<OTHER-INCOME> 0
<EXPENSES-NET> 472,051
<NET-INVESTMENT-INCOME> 1,922,272
<REALIZED-GAINS-CURRENT> (3,930)
<APPREC-INCREASE-CURRENT> (4,587)
<NET-CHANGE-FROM-OPS> 1,913,755
<EQUALIZATION> (25,660)
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17,544,590
<NUMBER-OF-SHARES-REDEEMED> (19,365,717)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 66,968
<ACCUMULATED-NII-PRIOR> 520,264
<ACCUMULATED-GAINS-PRIOR> (160,039)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 520,760
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 704,584
<AVERAGE-NET-ASSETS> 93,182,878
<PER-SHARE-NAV-BEGIN> 67.56
<PER-SHARE-NII> 1.41
<PER-SHARE-GAIN-APPREC> (.01)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 68.96
<EXPENSE-RATIO> .010
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 003
<NAME> AGGRESSIVE GROWTH PORTFOLIO
<MULTIPLIER> 1
<CURRENCY> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JAN-31-1998
<PERIOD-END> JUL-31-1998
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 11,409,019
<INVESTMENTS-AT-VALUE> 21,108,781
<RECEIVABLES> 3,275
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 37,196
<TOTAL-ASSETS> 21,149,252
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,434
<TOTAL-LIABILITIES> 28,434
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,433,456
<SHARES-COMMON-STOCK> 350
<SHARES-COMMON-PRIOR> 355
<ACCUMULATED-NII-CURRENT> (148,275)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 135,525
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,699,762
<NET-ASSETS> 21,120,818
<DIVIDEND-INCOME> 72,987
<INTEREST-INCOME> 1,120
<OTHER-INCOME> 0
<EXPENSES-NET> 152,207
<NET-INVESTMENT-INCOME> (78,100)
<REALIZED-GAINS-CURRENT> 230,147
<APPREC-INCREASE-CURRENT> 1,273,986
<NET-CHANGE-FROM-OPS> 1,426,033
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,501,749
<NUMBER-OF-SHARES-REDEEMED> (2,762,457)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,165,325
<ACCUMULATED-NII-PRIOR> (70,175)
<ACCUMULATED-GAINS-PRIOR> (94,622)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 121,786
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 152,207
<AVERAGE-NET-ASSETS> 21,520,891
<PER-SHARE-NAV-BEGIN> 56.24
<PER-SHARE-NII> (.21)
<PER-SHARE-GAIN-APPREC> 4.29
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 60.32
<EXPENSE-RATIO> .014
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 004
<NAME> VERSATILE BOND PORTFOLIO
<MULTIPLIER> 1
<CURRENCY> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JAN-31-1998
<PERIOD-END> JUL-31-1998
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 20,992,082
<INVESTMENTS-AT-VALUE> 21,031,306
<RECEIVABLES> 350,077
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 332
<TOTAL-ASSETS> 21,381,715
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 60,178
<TOTAL-LIABILITIES> 60,178
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19,955,577
<SHARES-COMMON-STOCK> 356
<SHARES-COMMON-PRIOR> 399
<ACCUMULATED-NII-CURRENT> 1,468,592
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (142,212)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 39,224
<NET-ASSETS> 21,321,537
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 659,893
<OTHER-INCOME> 0
<EXPENSES-NET> 124,076
<NET-INVESTMENT-INCOME> 535,817
<REALIZED-GAINS-CURRENT> 1,027
<APPREC-INCREASE-CURRENT> (58,619)
<NET-CHANGE-FROM-OPS> 478,225
<EQUALIZATION> (256,392)
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,365,962
<NUMBER-OF-SHARES-REDEEMED> (4,621,176)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (2,033,381)
<ACCUMULATED-NII-PRIOR> 1,725,080
<ACCUMULATED-GAINS-PRIOR> (143,239)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 123,297
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 165,164
<AVERAGE-NET-ASSETS> 22,119,365
<PER-SHARE-NAV-BEGIN> 58.58
<PER-SHARE-NII> 1.43
<PER-SHARE-GAIN-APPREC> (.13)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 59.88
<EXPENSE-RATIO> .011
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
Legal Proceedings
Following a routine examination of the Permanent Portfolio Family of Funds, Inc.
(the "Fund") in 1991, the Securities and Exchange Commission (the "Commission")
instituted public administrative and cease-and-desist proceedings on January 13,
1997, to determine the truth of allegations by the Commission's Division of
Enforcement (the "Division") that World Money Managers and World Money
Securities, Inc., the Fund's investment adviser and a wholly owned investment of
the Permanent Portfolio, respectively, and two of the Fund's directors and
officers, Terry Coxon and Alan Sergy (collectively, the "Respondents"), violated
certain provisions of federal securities laws in fiscal years 1990 through 1992.
On April 28, 1997, the Division filed a Motion To Dismiss Without Prejudice (the
"Motion"), the action against World Money Securities, Inc. On May 5, 1997,
Administrative Law Judge Brenda P. Murray granted the Motion, dismissing World
Money Securities, Inc. from further involvement in the proceedings.
Exhibit 77e
