<PAGE> PAGE 1
000 A000000 04/30/96
000 C000000 0000054047
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 SPECIAL PORTFOLIOS, INC.
001 B000000 811-3341
001 C000000 6127384000
002 A000000 500 BIELENBERG DRIVE
002 B000000 WOODBURY
002 C000000 MN
002 D010000 55125
003 000000 N
004 000000 Y
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 STOCK PORTFOLIO
007 C030100 Y
007 C010200 2
007 C020200 CASH PORTFOLIO
007 C030200 Y
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 A00AA01 FORTIS ADVISERS, INC.
008 B00AA01 A
008 C00AA01 801-07877
008 D01AA01 WOODBURY
008 D02AA01 MN
008 D03AA01 55125
011 A00AA01 FORTIS INVESTORS, INC.
011 B00AA01 8-13846
011 C01AA01 WOODBURY
011 C02AA01 MN
011 C03AA01 55125
012 A00AA01 FORTIS ADVISERS, INC.
012 B00AA01 85-07877
012 C01AA01 WOODBURY
012 C02AA01 MN
<PAGE> PAGE 2
012 C03AA01 55125
013 A00AA01 KPMG PEAT MARWICK
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
015 A00AA01 NORWEST BANK MINNESOTA, N.A.
015 B00AA01 C
015 C01AA01 MINNEAPOLIS
015 C02AA01 MN
015 C03AA01 55479
015 E01AA01 X
015 A00AA02 FIRST TRUST COMPANY, INC.
015 B00AA02 S
015 C01AA02 ST. PAUL
015 C02AA02 MN
015 C03AA02 55164
015 E01AA02 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 30
019 C00AA00 FORTISFUND
020 A000001 BEAR, STEARNS & CO.
020 B000001 13-3299429
020 C000001 3
020 A000002 BRIDGE TRADING COMPANY
020 B000002 43-1034850
020 C000002 3
020 A000003 O'NEIL (WILLIAM) & CO., INC.
020 B000003 95-2269163
020 C000003 2
020 A000004 CORRESPONDENT SERVICES
020 B000004 41-6009938
020 C000004 1
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 9
022 A000001 LEHMAN BROTHERS
022 B000001 13-2518466
022 C000001 50783
022 D000001 2437
022 A000002 FIRST BANK (N.A.)
022 B000002 41-0256395
022 C000002 17110
022 D000002 16949
022 A000003 NATIONAL WESTMINSTER BANK
022 B000003 11-0773597
022 C000003 22534
<PAGE> PAGE 3
022 D000003 0
022 A000004 PIPER, JAFFRAY & HOPWOOD, INC.
022 B000004 41-0953246
022 C000004 0
022 D000004 8451
022 A000005 DEUTSCHE BANK, LONDON
022 C000005 0
022 D000005 3160
022 A000006 NAT WEST SECURITIES
022 B000006 13-3312778
022 C000006 3090
022 D000006 0
022 A000007 SALOMON BROTHERS, INC.
022 B000007 13-3082694
022 C000007 0
022 D000007 2759
022 A000008 GOLDMAN, SACHS & CO.
022 B000008 13-5108880
022 C000008 776
022 D000008 1747
022 A000009 U.B.S. SECURITIES
022 B000009 13-2932996
022 C000009 0
022 D000009 2156
022 A000010 DONALDSON, LUFKIN & JENRETTE SECURITIES
022 B000010 13-2741729
022 C000010 0
022 D000010 1651
023 C000000 104120
023 D000000 48481
026 A000000 N
026 B000000 Y
026 C000000 N
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026 G010000 N
026 G020000 N
026 H000000 N
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029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
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031 A00AA00 0
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034 00AA00 N
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036 B00AA00 0
<PAGE> PAGE 4
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
042 A00AA00 0
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077 A000000 Y
077 C000000 Y
077 Q010000 Y
078 000000 N
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084 A00AA00 N
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085 A00AA00 Y
085 B00AA00 N
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086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
024 000100 N
025 D000101 0
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
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025 D000107 0
025 D000108 0
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<PAGE> PAGE 5
025 D000115 0
025 D000116 0
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028 G010100 6107
028 G020100 13018
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028 G040100 6293
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 100000
048 A020100 1.000
048 B010100 150000
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048 F010100 0
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048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
<PAGE> PAGE 6
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 250000
048 K020100 0.700
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 N
054 E000100 N
054 F000100 N
054 G000100 Y
054 H000100 Y
054 I000100 N
054 J000100 Y
054 K000100 N
054 L000100 Y
054 M000100 Y
054 N000100 N
054 O000100 N
055 A000100 Y
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 25
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
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062 G000100 0.0
062 H000100 0.0
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062 J000100 0.0
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062 O000100 0.0
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<PAGE> PAGE 7
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
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 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
<PAGE> PAGE 8
071 A000100 6728
071 B000100 18162
071 C000100 85562
071 D000100 8
072 A000100 6
072 B000100 140
072 C000100 38
072 D000100 0
072 E000100 0
072 F000100 306
072 G000100 0
072 H000100 0
072 I000100 0
072 J000100 8
072 K000100 0
072 L000100 10
072 M000100 2
072 N000100 17
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 15
072 S000100 3
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 7
072 X000100 368
072 Y000100 0
072 Z000100 -190
072AA000100 10514
072BB000100 1597
072CC010100 0
072CC020100 5709
072DD010100 0
072DD020100 0
072EE000100 13200
073 A010100 0.0000
073 A020100 0.0000
073 B000100 5.8481
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 16767
074 D000100 0
074 E000100 0
074 F000100 78590
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
<PAGE> PAGE 9
074 K000100 0
074 L000100 27
074 M000100 0
074 N000100 95384
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 100
074 S000100 0
074 T000100 95284
074 U010100 2527
074 U020100 0
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074 V020100 0.00
074 W000100 0.0000
074 X000100 1385
074 Y000100 0
075 A000100 0
075 B000100 93700
076 000100 0.00
080 A000100 RELIANCE INSURANCE COMPANY
080 C000100 525
081 A000100 N
081 B000100 0
082 A000100 N
082 B000100 0
024 000200 N
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
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028 A010200 1263
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028 A040200 432
028 B010200 139
028 B020200 380
028 B030200 0
028 B040200 339
028 C010200 1081
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028 C040200 181
028 D010200 167
<PAGE> PAGE 10
028 D020200 0
028 D030200 0
028 D040200 1567
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028 E020200 0
028 E030200 0
028 E040200 26180
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028 G010200 2650
028 G020200 380
028 G030200 0
028 G040200 28699
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045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 500000
048 A020200 0.300
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
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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 500000
048 K020200 0.250
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
054 A000200 Y
054 B000200 Y
<PAGE> PAGE 11
054 C000200 Y
054 D000200 N
054 E000200 N
054 F000200 N
054 G000200 Y
054 H000200 Y
054 I000200 N
054 J000200 Y
054 K000200 N
054 L000200 Y
054 M000200 Y
054 N000200 N
054 O000200 N
055 A000200 Y
055 B000200 N
056 000200 Y
057 000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 25
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
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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 0.0
063 A000200 0
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 N
<PAGE> PAGE 12
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
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 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 0
071 B000200 22579
071 C000200 13049
071 D000200 0
072 A000200 6
072 B000200 541
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 27
072 G000200 0
072 H000200 0
072 I000200 0
072 J000200 0
072 K000200 0
072 L000200 3
072 M000200 1
<PAGE> PAGE 13
072 N000200 16
072 O000200 0
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072 Q000200 0
072 R000200 10
072 S000200 0
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072 Y000200 10
072 Z000200 491
072AA000200 173
072BB000200 122
072CC010200 0
072CC020200 48
072DD010200 381
072DD020200 0
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073 A010200 0.1400
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 0
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 0
074 M000200 0
074 N000200 0
074 O000200 0
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 0
074 S000200 0
074 T000200 0
074 U010200 0
074 U020200 0
074 V010200 0.00
074 V020200 0.00
<PAGE> PAGE 14
074 W000200 0.0000
074 X000200 0
074 Y000200 0
075 A000200 0
075 B000200 26417
076 000200 0.00
080 A000200 RELIANCE INSURANCE COMPANY
080 C000200 350
081 A000200 N
081 B000200 0
082 A000200 N
082 B000200 0
SIGNATURE TAMARA L. FAGELY
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF ASSETS AND LIABILITIES, STATEMENT OF OPERATIONS, AND STATEMENT OF
CHANGES IN NET ASSETS. SERIES 1 WAS MERGED INTO FORTIS GROWTH FUND, INC.
(CLASS Z) (CIK: 0000049925) AND SERIES 2 WAS LIQUIDATED.
</LEGEND>
<CIK> 0000054047
<NAME> SPECIAL PORTFOLIOS, INC.
<SERIES>
<NUMBER> 1
<NAME> STOCK PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 60,228,078
<INVESTMENTS-AT-VALUE> 95,356,901
<RECEIVABLES> 26,636
<ASSETS-OTHER> 53
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 95,383,590
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 99,165
<TOTAL-LIABILITIES> 99,165
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 60,345,659
<SHARES-COMMON-STOCK> 2,526,771
<SHARES-COMMON-PRIOR> 2,188,704
<ACCUMULATED-NII-CURRENT> (189,954)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (103)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 35,128,823
<NET-ASSETS> 95,284,425<F1>
<DIVIDEND-INCOME> 37,777
<INTEREST-INCOME> 139,801
<OTHER-INCOME> 0
<EXPENSES-NET> (367,532)
<NET-INVESTMENT-INCOME> (189,954)
<REALIZED-GAINS-CURRENT> 8,917,070
<APPREC-INCREASE-CURRENT> (5,708,570)
<NET-CHANGE-FROM-OPS> 3,018,546
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (13,199,806)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 156,562
<NUMBER-OF-SHARES-REDEEMED> (154,986)
<SHARES-REINVESTED> 336,491
<NET-CHANGE-IN-ASSETS> 2,650,561
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 306,368
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 367,532
<AVERAGE-NET-ASSETS> 93,700,000
<PER-SHARE-NAV-BEGIN> 42.32
<PER-SHARE-NII> (.08)
<PER-SHARE-GAIN-APPREC> 1.32
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (5.85)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 37.71
<EXPENSE-RATIO> 1.19<F2>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>THESE ARE THE NET ASSETS AS OF MAR-01-1996. ON MAR-01-1996 SPECIAL STOCK
PORTFOLIO (CIK: 0000054047) MERGED WITH FORTIS GROWTH FUND, INC. (CLASS Z)
(CIK: 0000049925) BY EXCHANGING 2,526,771 SHARES OF SPECIAL STOCK PORTFOLIO FOR
3,014,380 SHARES OF FORTIS GROWTH FUND, INC (CLASS Z).
<F2>ANNUALIZED.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF OPERATIONS AND STATEMENT OF CHANGES IN NET ASSETS. SERIES 1 WAS
MERGED INTO FORTIS GROWTH FUND, INC. (CIK: 0000049925) AND SERIES 2 WAS
LIQUIDATED.
</LEGEND>
<CIK> 0000054047
<NAME> SPECIAL PORTFOLIOS, INC.
<SERIES>
<NUMBER> 2
<NAME> CASH PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 2,669,309
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 541,048
<OTHER-INCOME> 0
<EXPENSES-NET> (50,239)
<NET-INVESTMENT-INCOME> 490,809
<REALIZED-GAINS-CURRENT> 51,401
<APPREC-INCREASE-CURRENT> (48,191)
<NET-CHANGE-FROM-OPS> 494,019
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (380,959)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 277,038
<NUMBER-OF-SHARES-REDEEMED> (262,719)
<SHARES-REINVESTED> 40,001
<NET-CHANGE-IN-ASSETS> (25,522,777)
<ACCUMULATED-NII-PRIOR> 171,206
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 26,593
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 59,724
<AVERAGE-NET-ASSETS> 26,417,000
<PER-SHARE-NAV-BEGIN> 9.57
<PER-SHARE-NII> .14
<PER-SHARE-GAIN-APPREC> (9.57)
<PER-SHARE-DIVIDEND> (.14)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> .57<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>ANNUALIZED.
</FN>
</TABLE>
Sub-Item 77C
Fortis Special Portfolios, Inc.--Stock Portfolio
Effective March 1, 1996, the Stock Portfolio of Special
Portfolios, Inc. (SEC File No. 811-1341) was merged
into Fortis Growth Fund, Inc. The merger was approved
by the Boards of Directors of both Special Portfolios,
Inc. and Growth Fund, Inc. on December 7, 1995. The
Shareholders of the Stock Portfolio approved the
transaction at a special meeting held February 22,
1996. 1,164,409 shares voted 'for' the merger
(representing 94.5% of the voting shares); and 23,162
shares 'abstained' from the vote (representing 1.3% of
the voting shares). Further information concerning the
details of the transaction is contained in the Form
N-14 filed by Registrant with the Commission on January
17, 1996.
The steps necessary to de-register Special Portfolios,
Inc. have been initiated.
