<PAGE> PAGE 1
000 A000000 06/30/97
000 C000000 0000040417
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001 A000000 GENERAL AMERICAN INVESTORS COMPANY, INC.
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002 A000000 450 LEXINGTON AVENUE - SUITE 3300
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020 C000001 40
020 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000002 13-5674085
020 C000002 16
020 A000003 WASSERSTEIN PERELLA SECURITIES, INC.
020 B000003 13-3502273
020 C000003 11
020 A000004 SCHRODER WERTHEIM & CO. INCORPORATED
020 B000004 13-2697272
020 C000004 9
020 A000005 JEFFERIES & COMPANY, INC.
020 B000005 95-2622900
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020 A000006 CONNING & COMPANY, INC.
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020 A000007 DEUTSCHE MORGAN GRENFELL/C.J. LAWRENCE INC.
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020 A000008 SANFORD C. BERNSTEIN & CO., INC.
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020 C000008 6
020 A000009 PIPER JAFFRAY INC.
020 B000009 41-0953746
020 C000009 6
020 A000010 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
<PAGE> PAGE 2
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022 C000004 6756
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022 A000005 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
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022 C000006 7018
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022 C000007 985
022 D000007 5093
022 A000008 COWEN & COMPANY
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022 C000008 105
022 D000008 5522
022 A000009 BEAR STEARNS & CO. INC.
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022 C000009 0
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SIGNATURE EUGENE L. DESTAEBLER, JR.
TITLE V.P., ADMINISTRATION
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Attachment
Re: Item 77.C.
For period ending (a) 06-30-97
File Number 811-41
SUB-ITEM 77C: Submission of Matters to a vote of Security holders
On March 12, 1997, at an annual meeting of stockholders of General American
Investors Company, Inc., in addition to the election of directors and the
ratification of the selection of auditors, the security holders rejected a
shareholder proposal relating to the conversion of the Registrant from
closed-end status to open-end (mutual fund) status.
The number of votes cast with respect to the foregoing matter was as
follows: in favor, 2,159,926; against 11,802,450; abstain 618,998.
