AMERICAN LEADERS FUND INC
NSAR-A, 1995-11-29
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SIGNATURE   S. ELLIOTT COHAN                             
TITLE       ASST.GEN. COUNSEL   
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   001                                            
     <NAME>                     American Leaders Fund, Inc.                    
                                Class A Shares                                 
                                                                               
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Mar-31-1995                                    
<PERIOD-END>                    Sep-30-1995                                    
<INVESTMENTS-AT-COST>           426,617,757                                    
<INVESTMENTS-AT-VALUE>          542,378,592                                    
<RECEIVABLES>                   9,226,657                                      
<ASSETS-OTHER>                  1,298,838                                      
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  552,904,087                                    
<PAYABLE-FOR-SECURITIES>        2,591,200                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       826,245                                        
<TOTAL-LIABILITIES>             3,417,445                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        417,492,246                                    
<SHARES-COMMON-STOCK>           20,150,695                                     
<SHARES-COMMON-PRIOR>           17,144,389                                     
<ACCUMULATED-NII-CURRENT>       2,156,269                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         14,077,292                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    363,153,568                                    
<DIVIDEND-INCOME>               4,568,045                                      
<INTEREST-INCOME>               669,159                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  3,034,893                                      
<NET-INVESTMENT-INCOME>         2,202,311                                      
<REALIZED-GAINS-CURRENT>        14,103,251                                     
<APPREC-INCREASE-CURRENT>       53,156,263                                     
<NET-CHANGE-FROM-OPS>           69,461,825                                     
<EQUALIZATION>                  393,446                                        
<DISTRIBUTIONS-OF-INCOME>       1,694,060                                      
<DISTRIBUTIONS-OF-GAINS>        3,548,844                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         4,226,014                                      
<NUMBER-OF-SHARES-REDEEMED>     1,476,717                                      
<SHARES-REINVESTED>             257,009                                        
<NET-CHANGE-IN-ASSETS>          185,795,007                                    
<ACCUMULATED-NII-PRIOR>         1,646,312                                      
<ACCUMULATED-GAINS-PRIOR>       5,020,868                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,490,891                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 3,221,113                                      
<AVERAGE-NET-ASSETS>            413,936,317                                    
<PER-SHARE-NAV-BEGIN>           15.660                                         
<PER-SHARE-NII>                 0.100                                          
<PER-SHARE-GAIN-APPREC>         2.550                                          
<PER-SHARE-DIVIDEND>            0.090                                          
<PER-SHARE-DISTRIBUTIONS>       0.200                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             18.020                                         
<EXPENSE-RATIO>                 1.19                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   002                                            
     <NAME>                     American Leaders Fund, Inc.                    
                                Class B Shares                                 
                                                                               
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Mar-31-1995                                    
<PERIOD-END>                    Sep-30-1995                                    
<INVESTMENTS-AT-COST>           426,617,757                                    
<INVESTMENTS-AT-VALUE>          542,378,592                                    
<RECEIVABLES>                   9,226,657                                      
<ASSETS-OTHER>                  1,298,838                                      
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  552,904,087                                    
<PAYABLE-FOR-SECURITIES>        2,591,200                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       826,245                                        
<TOTAL-LIABILITIES>             3,417,445                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        417,492,246                                    
<SHARES-COMMON-STOCK>           6,532,092                                      
<SHARES-COMMON-PRIOR>           2,978,445                                      
<ACCUMULATED-NII-CURRENT>       2,156,269                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         14,077,292                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    117,808,801                                    
<DIVIDEND-INCOME>               4,568,045                                      
<INTEREST-INCOME>               669,159                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  3,034,893                                      
<NET-INVESTMENT-INCOME>         2,202,311                                      
<REALIZED-GAINS-CURRENT>        14,103,251                                     
<APPREC-INCREASE-CURRENT>       53,156,263                                     
<NET-CHANGE-FROM-OPS>           69,461,825                                     
<EQUALIZATION>                  393,446                                        
<DISTRIBUTIONS-OF-INCOME>       179,334                                        
<DISTRIBUTIONS-OF-GAINS>        948,390                                        
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         3,755,849                                      
<NUMBER-OF-SHARES-REDEEMED>     257,248                                        
<SHARES-REINVESTED>             55,046                                         
<NET-CHANGE-IN-ASSETS>          185,795,007                                    
<ACCUMULATED-NII-PRIOR>         1,646,312                                      
<ACCUMULATED-GAINS-PRIOR>       5,020,868                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,490,891                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 3,221,113                                      
<AVERAGE-NET-ASSETS>            413,936,317                                    
<PER-SHARE-NAV-BEGIN>           15.670                                         
<PER-SHARE-NII>                 0.050                                          
<PER-SHARE-GAIN-APPREC>         2.560                                          
<PER-SHARE-DIVIDEND>            0.040                                          
<PER-SHARE-DISTRIBUTIONS>       0.200                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             18.040                                         
<EXPENSE-RATIO>                 1.90                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   003                                            
     <NAME>                     American Leaders Fund, Inc.                    
                                Class C Shares                                 
                                                                               
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Mar-31-1995                                    
<PERIOD-END>                    Sep-30-1995                                    
<INVESTMENTS-AT-COST>           426,617,757                                    
<INVESTMENTS-AT-VALUE>          542,378,592                                    
<RECEIVABLES>                   9,226,657                                      
<ASSETS-OTHER>                  1,298,838                                      
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  552,904,087                                    
<PAYABLE-FOR-SECURITIES>        2,591,200                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       826,245                                        
<TOTAL-LIABILITIES>             3,417,445                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        417,492,246                                    
<SHARES-COMMON-STOCK>           1,618,182                                      
<SHARES-COMMON-PRIOR>           1,280,678                                      
<ACCUMULATED-NII-CURRENT>       2,156,269                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         14,077,292                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    29,158,287                                     
<DIVIDEND-INCOME>               4,568,045                                      
<INTEREST-INCOME>               669,159                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  3,034,893                                      
<NET-INVESTMENT-INCOME>         2,202,311                                      
<REALIZED-GAINS-CURRENT>        14,103,251                                     
<APPREC-INCREASE-CURRENT>       53,156,263                                     
<NET-CHANGE-FROM-OPS>           69,461,825                                     
<EQUALIZATION>                  393,446                                        
<DISTRIBUTIONS-OF-INCOME>       36,760                                         
<DISTRIBUTIONS-OF-GAINS>        162,883                                        
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         437,588                                        
<NUMBER-OF-SHARES-REDEEMED>     111,268                                        
<SHARES-REINVESTED>             11,184                                         
<NET-CHANGE-IN-ASSETS>          185,795,007                                    
<ACCUMULATED-NII-PRIOR>         1,646,312                                      
<ACCUMULATED-GAINS-PRIOR>       5,020,868                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,490,891                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 3,221,113                                      
<AVERAGE-NET-ASSETS>            413,936,317                                    
<PER-SHARE-NAV-BEGIN>           15.660                                         
<PER-SHARE-NII>                 0.040                                          
<PER-SHARE-GAIN-APPREC>         2.550                                          
<PER-SHARE-DIVIDEND>            0.030                                          
<PER-SHARE-DISTRIBUTIONS>       0.200                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             18.020                                         
<EXPENSE-RATIO>                 2.00                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   004                                            
     <NAME>                     American Leaders Fund, Inc.                    
                                Fortress Shares                                
                                                                               
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Mar-31-1995                                    
<PERIOD-END>                    Sep-30-1995                                    
<INVESTMENTS-AT-COST>           426,617,757                                    
<INVESTMENTS-AT-VALUE>          542,378,592                                    
<RECEIVABLES>                   9,226,657                                      
<ASSETS-OTHER>                  1,298,838                                      
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  552,904,087                                    
<PAYABLE-FOR-SECURITIES>        2,591,200                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       826,245                                        
<TOTAL-LIABILITIES>             3,417,445                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        417,492,246                                    
<SHARES-COMMON-STOCK>           2,184,373                                      
<SHARES-COMMON-PRIOR>           1,819,815                                      
<ACCUMULATED-NII-CURRENT>       2,156,269                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         14,077,292                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    39,365,986                                     
<DIVIDEND-INCOME>               4,568,045                                      
<INTEREST-INCOME>               669,159                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  3,034,893                                      
<NET-INVESTMENT-INCOME>         2,202,311                                      
<REALIZED-GAINS-CURRENT>        14,103,251                                     
<APPREC-INCREASE-CURRENT>       53,156,263                                     
<NET-CHANGE-FROM-OPS>           69,461,825                                     
<EQUALIZATION>                  393,446                                        
<DISTRIBUTIONS-OF-INCOME>       175,646                                        
<DISTRIBUTIONS-OF-GAINS>        386,709                                        
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         521,023                                        
<NUMBER-OF-SHARES-REDEEMED>     181,721                                        
<SHARES-REINVESTED>             25,256                                         
<NET-CHANGE-IN-ASSETS>          185,795,007                                    
<ACCUMULATED-NII-PRIOR>         1,646,312                                      
<ACCUMULATED-GAINS-PRIOR>       5,020,868                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,490,891                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 3,221,113                                      
<AVERAGE-NET-ASSETS>            413,936,317                                    
<PER-SHARE-NAV-BEGIN>           15.660                                         
<PER-SHARE-NII>                 0.110                                          
<PER-SHARE-GAIN-APPREC>         2.540                                          
<PER-SHARE-DIVIDEND>            0.090                                          
<PER-SHARE-DISTRIBUTIONS>       0.200                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             18.020                                         
<EXPENSE-RATIO>                 1.26                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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