ASSET MANAGEMENT FUND INC
NSAR-B, 1996-12-27
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<PAGE>      PAGE  1
000 B000000 10/31/96
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 C000001  11575115
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022 A000002 BA SECURITIES
022 B000002 95-4035346
022 C000002   9961691
022 D000002     12590
022 A000003 MORGAN STANLEY
022 B000003 13-2655998
022 C000003     22519
022 D000003   7718588
022 A000004 LANSTON (AUBREY G.) & CO., INC.
022 B000004 13-5552129
<PAGE>      PAGE  3
022 C000004   2192864
022 D000004     49019
022 A000005 HSBC
022 B000005 13-2050272
022 C000005    390747
022 D000005     37200
022 A000006 BZW SECURITIES
022 B000006 05-0346412
022 C000006    211855
022 D000006     61098
022 A000007 GOLDMAN SACHS & CO.
022 B000007 13-5108880
022 C000007    102296
022 D000007    142361
022 A000008 PAINE WEBBER, INC.
022 B000008 13-2638166
022 C000008    103058
022 D000008    137339
022 A000009 PRUDENTIAL SECURITIES, INC.
022 B000009 22-2347336
022 C000009    200663
022 D000009     18183
022 A000010 BEAR STERNS & CO.
022 B000010 13-3299429
022 C000010     57408
022 D000010     50010
023 C000000   24818216
023 D000000    8226388
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
077 P000000 N
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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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062 Q000400   0.0
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064 A000400 N
064 B000400 N
066 A000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 Y
070 B010400 N
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
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<PAGE>      PAGE  20
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 Y
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
028 B030500         0
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<PAGE>      PAGE  23
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050  000500 N
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<PAGE>      PAGE  24
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 N
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
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<PAGE>      PAGE  25
072 U000500        0
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<PAGE>      PAGE  26
SIGNATURE   WENDY MCGEE                                  
TITLE       LEGAL ASSISTANT     
 


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