<PAGE> PAGE 1
000 B000000 03/31/97
000 C000000 0000701039
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE CALVERT FUND
001 B000000 811-3416
001 C000000 3019514881
002 A000000 4550 MONTGOMERY AVE. SUITE 1000N
002 B000000 BETHESDA
002 C000000 MD
002 D010000 20814
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 CALVERT STRATEGIC GROWTH FUND
007 C030100 N
007 C010200 2
007 C020200 CALVERT NEW VISION SMALL CAP FUND
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
011 A00AA01 CALVERT DISTRIBUTORS, INC.
011 B00AA01 8-47915
011 C01AA01 BETHESDA\
011 C02AA01 MD
011 C03AA01 20814
013 A00AA01 COOPERS & LYBRAND
013 B01AA01 BALTIMORE
013 B02AA01 MD
013 B03AA01 21202
019 B00AA00 0
020 A000001 LEHMAN BROS
020 C000001 128
020 A000002 INSTINET
020 C000002 127
020 A000003 BRIDGE TRADING
<PAGE> PAGE 2
020 C000003 39
020 A000004 BEAR STEARNS
020 C000004 9
020 A000005 MORGAN STANLEY
020 C000005 5
020 A000006 DAVIS MENDEL
020 C000006 4
020 A000007 SOUTH COAST CAPITAL
020 C000007 3
020 A000008 H.D. BROUS
020 C000008 3
020 A000009 OPPENHEIMER
020 C000009 3
020 A000010 INNOVA
020 C000010 3
021 000000 338
022 A000001 STATE STREET BANK
022 C000001 2470500
022 D000001 0
022 A000002 DONALDSON LUFKIN
022 C000002 2283271
022 D000002 3151
022 A000003 UBS SECURITIES
022 C000003 1985800
022 D000003 0
022 A000004 PAINE WEBBER
022 C000004 463535
022 D000004 1742
022 A000005 LEHMAN BROS
022 C000005 45795
022 D000005 46638
022 A000006 INSTINET
022 C000006 40281
022 D000006 41062
022 A000007 ALBERT WILL
022 C000007 24500
022 D000007 0
022 A000008 ALEX BROWN
022 C000008 18706
022 D000008 26877
022 A000009 MONTGOMERY SECURITIES
022 C000009 18278
022 D000009 21351
022 A000010 BEAR STEARNS
022 C000010 17392
022 D000010 23359
023 C000000 7538056
023 D000000 307702
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
<PAGE> PAGE 3
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
027 000000 Y
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.700
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
055 A00AA00 N
055 B00AA00 N
056 00AA00 N
057 00AA00 N
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 Y
070 B02AA00 Y
070 C01AA00 N
070 C02AA00 N
070 D01AA00 Y
070 D02AA00 Y
070 E01AA00 Y
070 E02AA00 N
070 F01AA00 Y
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
<PAGE> PAGE 4
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 Y
070 K01AA00 Y
070 K02AA00 N
070 L01AA00 N
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 Y
070 Q02AA00 Y
070 R01AA00 Y
070 R02AA00 Y
077 A000000 Y
077 B000000 Y
077 Q010000 Y
078 000000 N
080 C00AA00 0
081 B00AA00 37
082 B00AA00 0
083 B00AA00 0
084 B00AA00 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
028 A010100 7253
028 A020100 0
028 A030100 0
028 A040100 8099
028 B010100 7741
028 B020100 0
028 B030100 0
028 B040100 3132
<PAGE> PAGE 5
028 C010100 5841
028 C020100 7683
028 C030100 0
028 C040100 8401
028 D010100 5513
028 D020100 2
028 D030100 0
028 D040100 6259
028 E010100 2786
028 E020100 0
028 E030100 0
028 E040100 6758
028 F010100 2387
028 F020100 0
028 F030100 0
028 F040100 7827
028 G010100 31521
028 G020100 7685
028 G030100 0
028 G040100 40476
028 H000100 28734
029 000100 Y
030 A000100 10553
030 B000100 4.75
030 C000100 0.00
031 A000100 10139
031 B000100 0
032 000100 74
033 000100 340
042 A000100 25
042 B000100 6
042 C000100 4
042 D000100 63
042 E000100 1
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 586
044 000100 0
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 17.1
062 E000100 3.1
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 3.1
062 L000100 24.1
<PAGE> PAGE 6
062 M000100 3.5
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 47.2
063 A000100 0
063 B000100 0.0
071 A000100 173858
071 B000100 209164
071 C000100 114946
071 D000100 151
072 A000100 12
072 B000100 2290
072 C000100 49
072 D000100 0
072 E000100 0
072 F000100 2368
072 G000100 315
072 H000100 0
072 I000100 370
072 J000100 44
072 K000100 49
072 L000100 71
072 M000100 18
072 N000100 45
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 27
072 S000100 6
072 T000100 586
072 U000100 0
072 V000100 0
072 W000100 98
072 X000100 3997
072 Y000100 177
072 Z000100 -1481
072AA000100 0
072BB000100 13078
072CC010100 0
072CC020100 17618
072DD010100 0
072DD020100 0
072EE000100 8448
073 A010100 0.0000
073 A020100 0.0000
073 B000100 1.0300
073 C000100 0.0000
074 A000100 295
074 B000100 19000
<PAGE> PAGE 7
074 C000100 28095
074 D000100 6028
074 E000100 492
074 F000100 52032
074 G000100 3404
074 H000100 0
074 I000100 0
074 J000100 2355
074 K000100 0
074 L000100 427
074 M000100 11160
074 N000100 123288
074 O000100 8062
074 P000100 241
074 Q000100 0
074 R010100 0
074 R020100 3302
074 R030100 0
074 R040100 534
074 S000100 0
074 T000100 111149
074 U010100 6798
074 U020100 1208
074 V010100 13.92
074 V020100 13.68
074 W000100 0.0000
074 X000100 15343
074 Y000100 0
075 A000100 0
075 B000100 118372
076 000100 0.00
028 A010200 0
028 A020200 0
028 A030200 0
028 A040200 0
028 B010200 0
028 B020200 0
028 B030200 0
028 B040200 0
028 C010200 0
028 C020200 0
028 C030200 0
028 C040200 0
028 D010200 0
028 D020200 0
028 D030200 0
028 D040200 0
028 E010200 727
028 E020200 0
028 E030200 0
028 E040200 46
<PAGE> PAGE 8
028 F010200 280
028 F020200 0
028 F030200 0
028 F040200 26
028 G010200 1007
028 G020200 0
028 G030200 0
028 G040200 72
028 H000200 841
030 A000200 294
030 B000200 0.00
030 C000200 0.00
031 A000200 274
031 B000200 0
032 000200 2
033 000200 18
042 A000200 3
042 B000200 93
042 C000200 1
042 D000200 2
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 1
044 000200 0
062 A000200 N
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
062 I000200 0.0
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
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 2
072 B000200 0
072 C000200 0
<PAGE> PAGE 9
072 D000200 0
072 E000200 0
072 F000200 2
072 G000200 0
072 H000200 0
072 I000200 1
072 J000200 2
072 K000200 0
072 L000200 2
072 M000200 0
072 N000200 9
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 5
072 S000200 0
072 T000200 1
072 U000200 0
072 V000200 0
072 W000200 1
072 X000200 23
072 Y000200 23
072 Z000200 0
072AA000200 0
072BB000200 169
072CC010200 0
072CC020200 110
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 812
074 B000200 0
074 C000200 0
074 D000200 0
074 E000200 0
074 F000200 550
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 24
074 K000200 10
074 L000200 19
074 M000200 41
074 N000200 1456
074 O000200 32
074 P000200 1
074 Q000200 0
<PAGE> PAGE 10
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 8
074 S000200 0
074 T000200 1415
074 U010200 101
074 U020200 17
074 V010200 11.99
074 V020200 11.99
074 W000200 0.0000
074 X000200 0
074 Y000200 0
075 A000200 0
075 B000200 709
076 000200 0.00
SIGNATURE WILLIAM M. TARTIKOFF, ESQ.
TITLE GENERAL COUNSEL
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000701039
<NAME> THE CALVERT FUND
<SERIES>
<NUMBER> 154
<NAME> CALVERT STRATEGIC GROWTH FUND, CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-START> OCT-01-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 113441
<INVESTMENTS-AT-VALUE> 109051
<RECEIVABLES> 2782
<ASSETS-OTHER> 11455
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 123288
<PAYABLE-FOR-SECURITIES> 8062
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4077
<TOTAL-LIABILITIES> 12139
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19575
<SHARES-COMMON-STOCK> 1208
<SHARES-COMMON-PRIOR> 1380
<ACCUMULATED-NII-CURRENT> (291)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2360)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (400)
<NET-ASSETS> 16524
<DIVIDEND-INCOME> 8
<INTEREST-INCOME> 371
<OTHER-INCOME> 0
<EXPENSES-NET> 788
<NET-INVESTMENT-INCOME> (409)
<REALIZED-GAINS-CURRENT> (1918)
<APPREC-INCREASE-CURRENT> (2470)
<NET-CHANGE-FROM-OPS> (4797)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 1330
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 418
<NUMBER-OF-SHARES-REDEEMED> 661
<SHARES-REINVESTED> 71
<NET-CHANGE-IN-ASSETS> (172)
<ACCUMULATED-NII-PRIOR> (103)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 384
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 795
<AVERAGE-NET-ASSETS> 25551
<PER-SHARE-NAV-BEGIN> 18.47
<PER-SHARE-NII> (0.35)
<PER-SHARE-GAIN-APPREC> (3.41)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 1.03
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.68
<EXPENSE-RATIO> 3.09
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000701039
<NAME> THE CALVERT FUND
<SERIES>
<NUMBER> 235
<NAME> CALVERT NEW VISION SMALL CAP FUND, CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-START> JAN-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 660
<INVESTMENTS-AT-VALUE> 550
<RECEIVABLES> 43
<ASSETS-OTHER> 853
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1446
<PAYABLE-FOR-SECURITIES> 32
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 32
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 236
<SHARES-COMMON-STOCK> 17
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (23)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (13)
<NET-ASSETS> 200
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> (23)
<APPREC-INCREASE-CURRENT> (13)
<NET-CHANGE-FROM-OPS> (36)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 241
<NUMBER-OF-SHARES-REDEEMED> (5)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 200
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 100
<PER-SHARE-NAV-BEGIN> 15.00
<PER-SHARE-NII> 0.0
<PER-SHARE-GAIN-APPREC> (3.01)
<PER-SHARE-DIVIDEND> 0.0
<PER-SHARE-DISTRIBUTIONS> 0.0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.99
<EXPENSE-RATIO> 0.0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000701039
<NAME> THE CALVERT FUND
<SERIES>
<NUMBER> 333
<NAME> CALVERT STRATEGIC GROWTH FUND, CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-START> OCT-01-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 113441
<INVESTMENTS-AT-VALUE> 109051
<RECEIVABLES> 2782
<ASSETS-OTHER> 11455
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 123288
<PAYABLE-FOR-SECURITIES> 8062
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4077
<TOTAL-LIABILITIES> 12139
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 111528
<SHARES-COMMON-STOCK> 6798
<SHARES-COMMON-PRIOR> 6740
<ACCUMULATED-NII-CURRENT> 291
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (13409)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (3785)
<NET-ASSETS> 94625
<DIVIDEND-INCOME> 41
<INTEREST-INCOME> 1919
<OTHER-INCOME> 0
<EXPENSES-NET> 3032
<NET-INVESTMENT-INCOME> (1072)
<REALIZED-GAINS-CURRENT> (11160)
<APPREC-INCREASE-CURRENT> (15148)
<NET-CHANGE-FROM-OPS> 27380
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 7118
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2903
<NUMBER-OF-SHARES-REDEEMED> 3190
<SHARES-REINVESTED> 345
<NET-CHANGE-IN-ASSETS> 58
<ACCUMULATED-NII-PRIOR> 103
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1985
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3202
<AVERAGE-NET-ASSETS> 132064
<PER-SHARE-NAV-BEGIN> 18.64
<PER-SHARE-NII> (0.16)
<PER-SHARE-GAIN-APPREC> (3.53)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 1.03
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.92
<EXPENSE-RATIO> 2.30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000701039
<NAME> THE CALVERT FUND
<SERIES>
<NUMBER> 234
<NAME> CALVERT NEW VISION SMALL CAP FUND, CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-START> JAN-31-1997
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 660
<INVESTMENTS-AT-VALUE> 550
<RECEIVABLES> 43
<ASSETS-OTHER> 853
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1446
<PAYABLE-FOR-SECURITIES> 32
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 32
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1458
<SHARES-COMMON-STOCK> 101
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (146)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (97)
<NET-ASSETS> 1215
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> (146)
<APPREC-INCREASE-CURRENT> (97)
<NET-CHANGE-FROM-OPS> (243)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1525
<NUMBER-OF-SHARES-REDEEMED> (67)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1215
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2
<AVERAGE-NET-ASSETS> 709
<PER-SHARE-NAV-BEGIN> 15.00
<PER-SHARE-NII> 0.0
<PER-SHARE-GAIN-APPREC> (3.01)
<PER-SHARE-DIVIDEND> 0.0
<PER-SHARE-DISTRIBUTIONS> 0.0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.99
<EXPENSE-RATIO> 0.0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
