GENERAL AMERICAN INVESTORS CO INC
NSAR-A, 1999-08-16
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000 A000000 06/30/99
000 C000000 0000040417
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 GENERAL AMERICAN INVESTORS COMPANY, INC.
001 B000000 811-41
001 C000000 2129168400
002 A000000 450 LEXINGTON AVENUE - SUITE 3300
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10017
002 D020000 3911
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
020 A000001 GOLDMAN SACHS & COMPANY
020 B000001 13-5108880
020 C000001     33
020 A000002 BERNSTEIN (SANFORD C.) & CO., INC.
020 B000002 13-2625874
020 C000002     31
020 A000003 MORGAN STANLEY & CO. INCORPORATED
020 B000003 13-2655998
020 C000003     18
020 A000004 FOX-PITT, KELTON INCORPORATED
020 B000004 06-1058201
020 C000004     16
020 A000005 PAINEWEBBER INCORPORATED
020 B000005 13-2638166
020 C000005     13
020 A000006 BANC OF AMERICA SECURITIES
020 B000006 94-1701676
020 C000006     13
020 A000007 KEEFE, BRUYETTE AND WOODS, INC.
020 B000007 13-1964616
020 C000007     11
020 A000008 HAMBRECHT & QUIST LLC
020 B000008 94-3220242
020 C000008     11
020 A000009 JEFFERIES & COMPANY, INC.
020 B000009 95-2622900
020 C000009      9
020 A000010 CONNING & COMPANY
020 B000010 06-1174588
020 C000010      9
021  000000      207
022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000001 13-5674085
022 C000001      9024
022 D000001      3088
022 A000002 SOUNDVIEW TECHNOLOGY GROUP INC.
022 B000002 13-2998183
022 C000002      4600
022 D000002      7506
022 A000003 GOLDMAN SACHS & COMPANY
022 B000003 13-5108880
022 C000003      5844
022 D000003      3935
022 A000004 MORGAN STANLEY & CO. INCORPORATED
022 B000004 13-2655998
022 C000004      9193
022 D000004         0
022 A000005 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000005 13-2741729
022 C000005         5
022 D000005      6790
022 A000006 LEHMAN BROTHERS INC.
022 B000006 13-2518466
022 C000006      1530
022 D000006      5261
022 A000007 HAMBRECHT & QUIST LLC
022 B000007 94-3220242
022 C000007      4537
022 D000007       769
022 A000008 SG COWEN SECURITIES CORPORATION
022 B000008 13-5616116
022 C000008      2534
022 D000008      1068
022 A000009 BT ALEX. BROWN, INC.
022 B000009 52-1319768
022 C000009      3215
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022 A000010 BANC OF AMERICA SECURITIES
022 B000010 94-1701676
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086 F010000      0
086 F020000      0
087 A010000 COMMON STOCK, $1 PAR VALUE
087 A020000 368802104
087 A030000 GAM
087 B010000 7.2% TAX-ADVNTGD CUM PRFD STOCK, $1 PAR VALUE
087 B020000 368802302
087 B030000 GAMPR
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 Y
SIGNATURE   EUGENE L. DESTAEBLER, JR.
TITLE       V.P., ADMINISTRATION


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

<TABLE> <S> <C>

<ARTICLE>                                         6
<MULTIPLIER>                                      1000
<CURRENCY>                                        U.S. DOLLARS

<S>                                               <C>
<PERIOD-TYPE>                                     6-MOS
<FISCAL-YEAR-END>                                 DEC-31-1999
<PERIOD-START>                                    JAN-1-1999
<PERIOD-END>                                      JUN-30-1999
<EXCHANGE-RATE>                                              1
<INVESTMENTS-AT-COST>                             607366
<INVESTMENTS-AT-VALUE>                           1067986
<RECEIVABLES>                                       1344
<ASSETS-OTHER>                                      7453
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                                   1076783
<PAYABLE-FOR-SECURITIES>                            1767
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                           5378
<TOTAL-LIABILITIES>                                 7145
<SENIOR-EQUITY>                                     6000
<PAID-IN-CAPITAL-COMMON>                          516269
<SHARES-COMMON-STOCK>                              25154
<SHARES-COMMON-PRIOR>                              24917
<ACCUMULATED-NII-CURRENT>                           5820
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                            55775
<OVERDISTRIBUTION-GAINS>                               0
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<OTHER-INCOME>                                         0
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<NET-INVESTMENT-INCOME>                             6468
<REALIZED-GAINS-CURRENT>                           61655
<APPREC-INCREASE-CURRENT>                          14759
<NET-CHANGE-FROM-OPS>                              82882
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                              0
<DISTRIBUTIONS-OF-GAINS>                           39071
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                                0
<NUMBER-OF-SHARES-REDEEMED>                            0
<SHARES-REINVESTED>                                    0
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<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                          33191
<OVERDISTRIB-NII-PRIOR>                              648
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<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                     3685
<AVERAGE-NET-ASSETS>                              871355
<PER-SHARE-NAV-BEGIN>                                 34.87
<PER-SHARE-NII>                                        0.26
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<PER-SHARE-DIVIDEND>                                   0.00
<PER-SHARE-DISTRIBUTIONS>                              1.57
<RETURNS-OF-CAPITAL>                                   0
<PER-SHARE-NAV-END>                                   36.56
<EXPENSE-RATIO>                                        0.42
[AVG-DEBT-OUTSTANDING]                                 0
[AVG-DEBT-PER-SHARE]                                   0


</TABLE>


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