ASSET MANAGEMENT FUND INC
NSAR-A, 1999-06-28
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<PAGE>      PAGE  1
000 A000000 04/30/99
000 C000000 0000705318
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 ASSET MANAGEMENT FUND, INC.
001 B000000 811-3541
001 C000000 3027912919
002 A000000 230 WEST MONROE STREET
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60606
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 60606
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 85-825
012 C01AA01 WILMINGTON
012 C02AA01 DE
012 C03AA01 19809
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
013 B04AA01 2962
014 A00AA01 SHAY FINANCIAL SERVICES, INC.
014 B00AA01 8-43091
014 A00AA02 SHAY GOVERNMENT SECURITIES, INC.
014 B00AA02 8-43090
015 A00AA01 PFPC TRUST COMPANY
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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020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
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021  000000        0
022 A000001 ABN AMRO (USA), INC.
022 C000001   5659147
022 D000001     25428
022 A000002 BARCLAYS BANKS
022 B000002 06-1031656
022 C000002   3456952
022 D000002     18888
022 A000003 LANSTON (AUBREY G.) & CO., INC.
022 B000003 13-5552129
022 C000003   1679241
022 D000003     47941
022 A000004 GOLDMAN SACHS & CO., INC.
022 B000004 13-5108880
022 C000004    150808
<PAGE>      PAGE  3
022 D000004    120437
022 A000005 HSBC
022 B000005 13-2050272
022 C000005    242901
022 D000005         0
022 A000006 PRUDENTIAL SECURITIES
022 B000006 22-2347336
022 C000006    114729
022 D000006     50575
022 A000007 FEDERAL HOME LOAN MORTGAGE CORPORATION
022 B000007 52-0904874
022 C000007     55473
022 D000007      8877
022 A000008 MERRILL LYNCH
022 B000008 13-5674085
022 C000008     29139
022 D000008     21734
022 A000009 CS FIRST BOSTON
022 B000009 13-5659485
022 C000009     30542
022 D000009     11697
022 A000010 LEHMAN BROTHERS
022 B000010 13-2518466
022 C000010     32361
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<PAGE>      PAGE  4
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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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062 Q000400   3.0
062 R000400   0.0
063 A000400   0
063 B000400 11.4
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
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
070 L010400 N
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
<PAGE>      PAGE  20
070 Q020400 N
070 R010400 N
070 R020400 N
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072 Q000400        0
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072EE000400        0
073 A010400   0.2731
073 A020400   0.0000
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074 D000400   102312
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<PAGE>      PAGE  21
074 H000400        0
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074 J000400        0
074 K000400        0
074 L000400      654
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074 N000400   108753
074 O000400      979
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074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400      529
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074 T000400   107245
074 U010400    11194
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074 W000400   0.0000
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074 Y000400        0
075 A000400        0
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076  000400     0.00
028 A010500     21495
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028 E010500     53033
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<PAGE>      PAGE  22
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045  000500 Y
046  000500 N
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048 J010500        0
048 J020500 0.000
048 K010500  5000000
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049  000500 N
050  000500 N
051  000500 N
052  000500 N
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053 B000500 N
053 C000500 Y
062 A000500 Y
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<PAGE>      PAGE  23
062 E000500   0.0
062 F000500   0.0
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062 H000500   0.0
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062 L000500   0.0
062 M000500   3.4
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062 P000500   0.0
062 Q000500  24.2
062 R000500   0.0
063 A000500   0
063 B000500 21.3
064 A000500 N
064 B000500 N
066 A000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 Y
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
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
<PAGE>      PAGE  24
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
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072 I000500        6
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072 L000500        0
072 M000500       32
072 N000500        0
072 O000500        0
072 P000500        0
072 Q000500        0
072 R000500       38
072 S000500       77
072 T000500      707
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072 V000500        0
072 W000500       40
072 X000500     2331
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072BB000500     1478
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072EE000500        0
073 A010500   0.2629
073 A020500   0.0000
073 B000500   0.0000
073 C000500   0.0000
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<PAGE>      PAGE  25
074 C000500    79895
074 D000500   903462
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074 H000500        0
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074 L000500    12474
074 M000500       57
074 N000500  1011544
074 O000500     2973
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074 R010500        0
074 R020500        0
074 R030500        0
074 R040500     7055
074 S000500        0
074 T000500  1001516
074 U010500   100840
074 U020500        0
074 V010500     9.93
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074 W000500   0.0000
074 X000500      290
074 Y000500        0
075 A000500        0
075 B000500   950709
076  000500     0.00
SIGNATURE   MARY JANE MALONEY
TITLE       MANAGER



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<CIK> 0000705318
<NAME> ASSET MANAGEMENT FUND, INC.
<SERIES>
   <NUMBER> 01
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<CIK> 0000705318
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<SERIES>
   <NUMBER> 04
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<ARTICLE> 6
<CIK> 0000705318
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<SERIES>
   <NUMBER> 05
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