<PAGE> PAGE 1
000 B000000 12/31/94
000 C000000 0000039473
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 FUNDAMENTAL INVESTORS, INC.
001 B000000 811-32
001 C000000 4154219360
002 A000000 FOUR EMBARCADERO CENTER
002 B000000 SAN FRANCISCO
002 C000000 CA
002 D010000 94111
002 D020000 4125
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 CAPITAL RESEARCH AND MANAGEMENT COMPANY
008 B000001 A
008 C000001 801-8055
008 D010001 LOS ANGELES
008 D020001 CA
008 D030001 90071
008 D040001 1443
011 A000001 AMERICAN FUNDS DISTRIBUTORS, INC.
011 B000001 8-17168
011 C010001 LOS ANGELES
011 C020001 CA
011 C030001 90071
011 C040001 1443
012 A000001 AMERICAN FUNDS SERVICE COMPANY
012 B000001 84-00316
012 C010001 BREA
012 C020001 CA
012 C030001 92621
<PAGE> PAGE 2
013 A000001 DELOITTE AND TOUCHE LLP
013 B010001 LOS ANGELES
013 B020001 CA
013 B030001 90017
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02101
015 E010001 X
015 A000002 WESTPAC BANKING CORPORATION
015 B000002 S
015 C010002 SYDNEY
015 D010002 AUSTRALIA
015 D020002 2000
015 E040002 X
015 A000003 GENERALE BANK
015 B000003 S
015 C010003 BRUXELLES
015 D010003 BELGIUM
015 D020003 1000
015 E040003 X
015 A000004 CANADA TRUSTCO MORTGAGE COMPANY
015 B000004 S
015 C010004 TORONTO
015 D010004 CANADA
015 D020004 M5J 2T2
015 E040004 X
015 A000005 DEN DANSKE BANK
015 B000005 S
015 C010005 COPENHAGEN
015 D010005 DENMARK
015 D020005 DK-1092
015 E040005 X
015 A000006 KANSALLIS-OSAKE-PANKKI
015 B000006 S
015 C010006 HELSINKI
015 D010006 FINLAND
015 D020006 00500
015 E040006 X
015 A000007 BANKQUE PARIBAS
015 B000007 S
015 C010007 PARIS
015 D010007 FRANCE
015 D020007 75078
015 E040007 X
015 A000008 BERLINER HANDELS-UND FRANKFURTER BANK
015 B000008 S
015 C010008 FRANKFURT AM MAIN 1
015 D010008 GERMANY
015 D020008 D-6000
<PAGE> PAGE 3
015 E040008 X
015 A000009 STANDARD CHARTERED BANK
015 B000009 S
015 C010009 HONG KONG
015 D010009 CHINA
015 E040009 X
015 A000010 BANK OF IRELAND
015 B000010 S
015 C010010 DUBLIN
015 D010010 IRELAND
015 D020010 1
015 E040010 X
015 A000011 MORGAN GUARANTY TRUST COMPANY
015 B000011 S
015 C010011 MILAN
015 D010011 ITALY
015 D020011 20121
015 E040011 X
015 A000012 SUMITOMO TRUST & BANKING CO., LTD.
015 B000012 S
015 C010012 TOKYO
015 D010012 JAPAN
015 D020012 103
015 E040012 X
015 A000013 MEESPIERSON N.V.
015 B000013 S
015 C010013 AMSTERDAM
015 D010013 NETHERLANDS
015 D020013 1000
015 E040013 X
015 A000014 ANZ BANKING GROUP LIMITED
015 B000014 S
015 C010014 WELLINGTON
015 D010014 NEW ZEALAND
015 D020014 113-119
015 E040014 X
015 A000015 CHRISTIANIA BANK OG KREDITKASSE
015 B000015 S
015 C010015 OSLO
015 D010015 NORWAY
015 D020015 3
015 E040015 X
015 A000016 BANCO COMERICAL PORTUGUES
015 B000016 S
015 C010016 LISBON
015 D010016 PORTUGAL
015 D020016 1000
015 E040016 X
015 A000017 THE DEVELOPMENT BANK OF SINGAPORE LIMITED
015 B000017 S
015 C010017 CLIFFORD CENTER
<PAGE> PAGE 4
015 D010017 SINGAPORE
015 D020017 0104
015 E040017 X
015 A000018 BANCO SANTANDER, S.A.
015 B000018 S
015 C010018 MADRID
015 D010018 SPAIN
015 D020018 28022
015 E040018 X
015 A000019 SKANDINAVISKA ENSKILDA BANKEN
015 B000019 S
015 C010019 STOCKHOLM
015 D010019 SWEDEN
015 D020019 S-106 40
015 E040019 X
015 A000020 UNION BANK OF SWITZERLAND
015 B000020 S
015 C010020 GENEVA
015 D010020 SWITZERLAND
015 D020020 H-1204
015 E040020 X
018 000000 Y
019 A000000 Y
019 B000000 37
019 C000000 CRMCFNDGRP
020 A000001 PAINEWEBBER INC.
020 B000001 13-2638166
020 C000001 245
020 A000002 CS FIRST BOSTON CORP.
020 B000002 13-5659485
020 C000002 134
020 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000003 13-5674085
020 C000003 119
020 A000004 SALOMON BROTHERS INC.
020 B000004 13-3082694
020 C000004 114
020 A000005 LEHMAN BROTHERS INC.
020 B000005 13-2518466
020 C000005 105
020 A000006 NATWEST SECURITIES CORP.
020 B000006 13-3312778
020 C000006 104
020 A000007 GOLDMAN, SACHS & CO.
020 B000007 13-5108880
020 C000007 102
020 A000008 EDWARDS (A.G.) & SONS, INC.
020 B000008 43-0895447
020 C000008 95
020 A000009 MORGAN STANLEY & CO. INC.
020 B000009 13-2655998
<PAGE> PAGE 5
020 C000009 68
020 A000010 OPPENHEIMER & CO., INC.
020 B000010 13-2798343
020 C000010 59
021 000000 2079
022 A000001 ASSOCIATES CORP. OF NORTH AMERICA
022 B000001 74-1494554
022 C000001 1234417
022 D000001 0
022 A000002 GENERAL ELECTRIC CAPITAL CORP.
022 B000002 13-1500700
022 C000002 982037
022 D000002 0
022 A000003 GOLDMAN, SACHS & CO.
022 B000003 13-5108880
022 C000003 429800
022 D000003 2092
022 A000004 FORD MOTOR CREDIT CO.
022 B000004 38-1612444
022 C000004 176327
022 D000004 0
022 A000005 FIRST NATIONAL BANK OF CHICAGO
022 B000005 36-0899825
022 C000005 174709
022 D000005 0
022 A000006 LEHMAN COMMERICAL PAPER INC.
022 B000006 13-2501865
022 C000006 170621
022 D000006 0
022 A000007 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000007 13-5674085
022 C000007 147003
022 D000007 5088
022 A000008 CS FIRST BOSTON CORP.
022 B000008 13-5659485
022 C000008 115543
022 D000008 6165
022 A000009 LEHMAN GOVERNMENT SECURITIES INC.
022 B000009 13-2726611
022 C000009 103884
022 D000009 12953
022 A000010 BENEFICIAL CORP.
022 B000010 51-0003820
022 C000010 75753
022 D000010 0
023 C000000 3995882
023 D000000 122552
024 000000 Y
025 A000001 FORD MOTOR CREDIT CO.
025 B000001 38-1612444
025 C000001 E
<PAGE> PAGE 6
025 D000001 22816
025 A000002 ASSOCIATES CORP. OF NORTH AMERICA
025 B000002 74-1494554
025 C000002 D
025 D000002 11095
025 A000003 FORD MOTOR CREDIT CO.
025 B000003 38-1612444
025 C000003 D
025 D000003 28207
025 A000004 GENERAL ELECTRIC CAPITAL CORP.
025 B000004 13-500700
025 C000004 E
025 D000004 18360
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 66258
028 A020000 0
028 A030000 0
028 A040000 28681
028 B010000 87171
028 B020000 11102
028 B030000 0
028 B040000 22679
028 C010000 75988
028 C020000 0
028 C030000 0
028 C040000 20560
028 D010000 65650
028 D020000 0
028 D030000 0
028 D040000 17337
028 E010000 76695
028 E020000 64886
028 E030000 0
028 E040000 27358
028 F010000 91107
028 F020000 0
028 F030000 0
028 F040000 39586
<PAGE> PAGE 7
028 G010000 462869
028 G020000 75988
028 G030000 0
028 G040000 156201
028 H000000 223660
029 000000 Y
030 A000000 20121
030 B000000 5.75
030 C000000 0.00
031 A000000 3299
031 B000000 0
032 000000 16822
033 000000 0
034 000000 Y
035 000000 3
036 A000000 Y
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 100
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 4509
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 800000
048 A020000 0.390
048 B010000 1000000
048 B020000 0.336
048 C010000 1200000
048 C020000 0.030
048 D010000 3000000
048 D020000 0.276
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
<PAGE> PAGE 8
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 250
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
<PAGE> PAGE 9
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 N
066 E000000 Y
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 N
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 N
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 N
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 Y
070 P020000 Y
070 Q010000 N
070 Q020000 N
070 R010000 Y
<PAGE> PAGE 10
070 R020000 N
071 A000000 1090690
071 B000000 484974
071 C000000 2107139
071 D000000 23
072 A000000 12
072 B000000 19959
072 C000000 52031
072 D000000 0
072 E000000 0
072 F000000 7967
072 G000000 0
072 H000000 0
072 I000000 1662
072 J000000 246
072 K000000 468
072 L000000 262
072 M000000 84
072 N000000 309
072 O000000 1
072 P000000 0
072 Q000000 0
072 R000000 36
072 S000000 8
072 T000000 4509
072 U000000 0
072 V000000 0
072 W000000 36
072 X000000 15588
072 Y000000 0
072 Z000000 56402
072AA000000 82430
072BB000000 0
072CC010000 0
072CC020000 110266
072DD010000 56692
072DD020000 0
072EE000000 61479
073 A010000 0.4400
073 A020000 0.0000
073 B000000 0.4500
073 C000000 0.0000
074 A000000 109
074 B000000 0
074 C000000 139050
074 D000000 128859
074 E000000 60725
074 F000000 2272720
074 G000000 0
074 H000000 0
074 I000000 0
<PAGE> PAGE 11
074 J000000 7645
074 K000000 0
074 L000000 17462
074 M000000 0
074 N000000 2626570
074 O000000 6864
074 P000000 742
074 Q000000 0
074 R010000 7894
074 R020000 0
074 R030000 0
074 R040000 0
074 S000000 0
074 T000000 2611070
074 U010000 149244
074 U020000 0
074 V010000 17.50
074 V020000 0.00
074 W000000 0.0000
074 X000000 206892
074 Y000000 0
075 A000000 0
075 B000000 2300819
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 NATIONAL UNION FIRE INSURANCE COMPANY
080 B000000 CHUBB CUSTOM INSURANCE COMPANY
080 C000000 60000
081 A000000 Y
081 B000000 50
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 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
<PAGE> PAGE 12
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE JULIE F. WILLIAMS
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 2,312,141
<INVESTMENTS-AT-VALUE> 2,601,354
<RECEIVABLES> 25,107
<ASSETS-OTHER> 109
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,626,570
<PAYABLE-FOR-SECURITIES> 6,864
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8,636
<TOTAL-LIABILITIES> 15,500
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,137,509
<SHARES-COMMON-STOCK> 149,244
<SHARES-COMMON-PRIOR> 109,062
<ACCUMULATED-NII-CURRENT> 5,226
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 29,878
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 289,213
<NET-ASSETS> 2,611,070
<DIVIDEND-INCOME> 52,031
<INTEREST-INCOME> 19,959
<OTHER-INCOME> 0
<EXPENSES-NET> 15,558
<NET-INVESTMENT-INCOME> 56,402
<REALIZED-GAINS-CURRENT> 82,430
<APPREC-INCREASE-CURRENT> (110,226)
<NET-CHANGE-FROM-OPS> 28,566
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 56,692
<DISTRIBUTIONS-OF-GAINS> 61,479
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 51,308
<NUMBER-OF-SHARES-REDEEMED> 16,975
<SHARES-REINVESTED> 5,849
<NET-CHANGE-IN-ASSETS> 631,767
<ACCUMULATED-NII-PRIOR> 5,516
<ACCUMULATED-GAINS-PRIOR> 8,927
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 7,967
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 15,588
<AVERAGE-NET-ASSETS> 2,300,819
<PER-SHARE-NAV-BEGIN> 18.15
<PER-SHARE-NII> .42
<PER-SHARE-GAIN-APPREC> (.18)
<PER-SHARE-DIVIDEND> .44
<PER-SHARE-DISTRIBUTIONS> .45
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.50
<EXPENSE-RATIO> .007
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
INDEPENDENT AUDITOR'S REPORT
Fundamental Investors, Inc.:
In planning and performing our audit of the financial
statements of Fundamental Investors, Inc. for the year
ended December 31, 1994, we considered its internal control
structure, including procedures for safeguarding securities,
in order to determine our auditing procedures for the
purposes 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 Fundamental Investors, Inc. is
responsible for establishing and maintaining an internal
controlx 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 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 or
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 December 31, 1994.
This report is intended solely for the information and use
of management and the Securities and Exchange Commission.
/s/ Deloitte & Touche
January 27, 1995