<PAGE> PAGE 1
000 B000000 12/31/95
000 C000000 0000054076
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 JEFFERSON-PILOT CAPITAL APPRECIATION FUND INC
001 B000000 811-2013
001 C000000 9106913698
002 A000000 100 NORTH GREENE STREET
002 B000000 GREENSBORO
002 C000000 NC
002 D010000 27401
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 JP INVESTMENT MANAGEMENT COMPANY
008 B000001 A
008 C000001 801-8093
008 D010001 GREENSBORO
008 D020001 NC
008 D030001 27401
011 A000001 JEFFERSON-PILOT INVESTOR SERVICES, INC.
011 B000001 8-15753
011 C010001 GREENSBORO
011 C020001 NC
011 C030001 27401
012 A000001 INVESTORS FIDUCIARY TRUST COMPANY
012 B000001 85-00535
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64105
013 A000001 MCGLADREY & PULLEN
013 B010001 NEW YORK
013 B020001 NY
<PAGE> PAGE 2
013 B030001 10017
014 A000001 JEFFERSON-PILOT INVESTOR SERVICES, INC.
014 B000001 8-15753
015 A000001 INVESTORS FIDUCIARY TRUST COMPANY
015 B000001 C
015 C010001 KANSAS CITY
015 C020001 MO
015 C030001 64105
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 4
019 C000000 JEFFERSONP
020 A000001 MORGAN STANLEY & COMPANY
020 B000001 13-2655998
020 C000001 49
020 A000002 BERNSTEIN (SANFORD C.) & COMPANY
020 B000002 13-2625874
020 C000002 15
020 A000003 DONADLSON LUFKIN JENRETTE
020 B000003 13-2741729
020 C000003 8
020 A000004 JOHNSON RICE & COMPANY
020 B000004 72-1091384
020 C000004 6
020 A000005 GOLDMAN SACHS & COMPANY
020 B000005 13-5108880
020 C000005 6
020 A000006 PRUDENTIAL SECURITIES CORPORATION
020 B000006 22-2347336
020 C000006 5
020 A000007 PAINE WEBBER, INC.
020 B000007 13-2638166
020 C000007 5
020 A000008 WHEAT FIRST SECURITIES
020 B000008 54-0796506
020 C000008 3
020 A000009 BEAR STEARNS SECURITIES
020 B000009 13-3604093
020 C000009 1
020 C000010 0
021 000000 98
022 A000001 FORD MOTOR CREDIT COMPANY
022 B000001 38-1612444
022 C000001 15225
022 D000001 0
022 A000002 GOLDMAN SACHS & COMPANY
022 B000002 13-5108880
022 C000002 7952
022 D000002 138
022 A000003 CHEVRON OIL FINANCE COMPANY
<PAGE> PAGE 3
022 B000003 25-1215010
022 C000003 6925
022 D000003 0
022 A000004 GENERAL ELECTRIC CAPITAL CORPORATION
022 B000004 13-1500700
022 C000004 4450
022 D000004 0
022 A000005 CS FIRST BOSTON CORPORATION
022 B000005 13-5659485
022 C000005 3500
022 D000005 750
022 A000006 AMERICAN EXPRESS CREDIT CORPORATION
022 B000006 11-1988350
022 C000006 2550
022 D000006 0
022 A000007 MORGAN STANLEY & COMPANY
022 B000007 13-2655998
022 C000007 1926
022 D000007 817
022 A000008 TRUST COMPANY BANK OF ATLANTA
022 B000008 58-0466330
022 C000008 1448
022 D000008 0
022 A000009 MERRILL LYNCH
022 B000009 13-5674085
022 C000009 869
022 D000009 56
022 A000010 DEERE & COMPANY
022 B000010 36-2382580
022 C000010 700
022 D000010 0
023 C000000 46481
023 D000000 2053
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
<PAGE> PAGE 4
027 000000 Y
028 A010000 172
028 A020000 234
028 A030000 0
028 A040000 831
028 B010000 159
028 B020000 0
028 B030000 0
028 B040000 411
028 C010000 108
028 C020000 0
028 C030000 0
028 C040000 466
028 D010000 118
028 D020000 0
028 D030000 0
028 D040000 494
028 E010000 185
028 E020000 0
028 E030000 0
028 E040000 677
028 F010000 119
028 F020000 1274
028 F030000 0
028 F040000 629
028 G010000 861
028 G020000 1508
028 G030000 0
028 G040000 3508
028 H000000 842
029 000000 Y
030 A000000 26
030 B000000 4.50
030 C000000 1.00
031 A000000 10
031 B000000 0
032 000000 3
033 000000 12
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 N
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
<PAGE> PAGE 5
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.500
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
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 N
054 C000000 N
054 D000000 N
054 E000000 Y
054 F000000 N
054 G000000 Y
054 H000000 N
054 I000000 N
054 J000000 N
054 K000000 N
054 L000000 N
054 M000000 N
054 N000000 N
054 O000000 N
055 A000000 N
<PAGE> PAGE 6
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 300
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
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 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
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
<PAGE> PAGE 7
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 22432
071 B000000 27025
071 C000000 34357
071 D000000 65
072 A000000 12
072 B000000 53
072 C000000 829
072 D000000 0
072 E000000 0
072 F000000 178
072 G000000 0
072 H000000 0
072 I000000 71
072 J000000 0
072 K000000 0
072 L000000 13
072 M000000 4
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 25
072 S000000 0
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 1
<PAGE> PAGE 8
072 X000000 292
072 Y000000 0
072 Z000000 590
072AA000000 2251
072BB000000 0
072CC010000 7656
072CC020000 0
072DD010000 568
072DD020000 0
072EE000000 1487
073 A010000 0.2410
073 A020000 0.0000
073 B000000 0.6410
073 C000000 0.0000
074 A000000 364
074 B000000 0
074 C000000 699
074 D000000 0
074 E000000 510
074 F000000 36599
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 58
074 M000000 0
074 N000000 38230
074 O000000 258
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 141
074 S000000 0
074 T000000 37831
074 U010000 2370
074 U020000 0
074 V010000 15.96
074 V020000 0.00
074 W000000 0.0000
074 X000000 2070
074 Y000000 0
075 A000000 0
075 B000000 35494
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
<PAGE> PAGE 9
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 HARTFORD FIRE INSURANCE COMPANY
080 C000000 350
081 A000000 Y
081 B000000 3
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 N
085 B000000 N
SIGNATURE J. GREGORY POOLE
TITLE SECRETARY
