ASSET MANAGEMENT FUND INC
NSAR-A, 1996-06-24
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<PAGE>      PAGE  1
000 A000000 04/30/96
000 C000000 705318
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 ASSET MANAGEMENT FUND, INC.
001 B000000 811-3541
001 C000000 3027912919
002 A000000 111 EAST WACKER DRIVE
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60601
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  5
007 C010100  1
007 C020100 SHORT U.S. GOVERNMENT SECURITIES
007 C030100 N
007 C010200  2
007 C020200 MONEY MARKET PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 U.S. GOVERNMENT MORTGAGE SECURITIES
007 C030300 N
007 C010400  4
007 C020400 INTERMEDIATE MORTGAGE SECURITIES PORTFOLIO
007 C030400 N
007 C010500  5
007 C020500 ADJUSTABLE RATE MORTGAGE (ARM) PORTFOLIO
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 SHAY ASSET MANAGEMENT CO.
008 B00AA01 A
008 C00AA01 801-37632
008 D01AA01 CHICAGO
008 D02AA01 IL
008 D03AA01 60601
010 A00AA01 PFPC INC.
010 B00AA01 85-1196
010 C01AA01 WILMINGTON
<PAGE>      PAGE  2
010 C02AA01 DE
010 C03AA01 19809
012 A00AA01 PFPC INC.
012 B00AA01 85-1196
012 C01AA01 WILMINGTON
012 C02AA01 DE
012 C03AA01 19809
013 A00AA01 COOPERS & LYBRAND
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
013 B04AA01 2962
014 A00AA01 SHAY FINANCIAL SERVICES CO.
014 B00AA01 8-43091
014 A00AA02 SHAY GOVERNMENT SECURITIES CO.
014 B00AA02 8-43090
015 A00AA01 PNC BANK, NATIONAL ASSOCIATION
015 B00AA01 C
015 C01AA01 PHILADELPHIA
015 C02AA01 PA
015 C03AA01 19101
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    5
019 C00AA00 ASSET MNGT
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022 A000001 B.A. SECURITIES
022 B000001 95-4035346
022 C000001   9941956
022 D000001     12590
022 A000002 DAIWA SECURITIES AMERICA, INC.
022 B000002 13-5680329
022 C000002   3991386
022 D000002         0
022 A000003 HSBC
022 B000003 13-2650272
022 C000003    311870
022 D000003     22405
022 A000004 LANSTON (AUBREY G.) & CO., INC.
022 B000004 13-5552129
<PAGE>      PAGE  3
022 C000004    245720
022 D000004     20081
022 A000005 PAINEWEBBER INC.
022 B000005 13-2638166
022 C000005     70565
022 D000005     65682
022 A000006 PRUDENTIAL SECURITIES INC.
022 B000006 22-2347336
022 C000006    118550
022 D000006     13395
022 A000007 GOLDMAN SACHS & CO.
022 B000007 13-5108880
022 C000007     70322
022 D000007     44524
022 A000008 SALOMON BROTHERS INC.
022 B000008 13-3082694
022 C000008     32960
022 D000008     79197
022 A000009 BEAR STEARNS & CO., INC.
022 B000009 13-3299429
022 C000009     53801
022 D000009     26889
022 A000010 LEHMAN BROTHERS SECURITIES
022 B000010 13-2518466
022 C000010     50735
022 D000010     17806
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<PAGE>      PAGE  4
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054 F00AA00 N
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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070 A020400 Y
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070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 N
070 K020400 N
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070 M010400 N
070 M020400 N
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070 N020400 N
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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070 E020500 N
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<PAGE>      PAGE  24
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SIGNATURE   WENDY MCGEE                                  
TITLE       LEGAL ASSISTANT     
 


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