<PAGE> PAGE 1
000 A000000 05/31/97
000 C000000 0000706366
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 THE ARCH FUND, INC.
001 B000000 811-03567
001 C000000 6144708000
002 A000000 3435 STELZER ROAD
002 B000000 COLUMBUS
002 C000000 OH
002 D010000 43219
002 D020000 3035
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 16
007 C010100 1
007 C020100 THE ARCH MONEY MARKET PORTFLIO
007 C030100 N
007 C010200 2
007 C020200 THE ARCH GROWTH AND INCOME EQUITY PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 THE ARCH GOVERNMENT & CORPORATE BOND PORT.
007 C030300 N
007 C010400 4
007 C020400 THE U.S. GOVERNMENT SECURITIES PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 THE ARCH TREASURY MONEY MARKET PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 THE ARCH SMALL CAP EQUITY PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 THE ARCH BALANCED PORTFOLIO
007 C030700 N
007 C010800 8
007 C020800 THE ARCH INTERNATIONAL EQUITY PORTFOLIO
007 C030800 N
007 C010900 9
007 C020900 THE ARCH TAX-EXEMPT MONEY MARKET PORTFOLIO
007 C030900 N
007 C011000 10
<PAGE> PAGE 2
007 C021000 THE ARCH MISSOURI TAX-EXEMPT BOND PORTFOLIO
007 C031000 N
007 C011100 11
007 C021100 THE ARCH SHORT-INTERMEDIATE MUNICIPAL PORT.
007 C031100 N
007 C011200 12
007 C021200 THE ARCH NATIONAL MUNICIPAL BOND PORTFOLIO
007 C031200 N
007 C011300 13
007 C021300 THE ARCH BOND INDEX PORTFOLIO
007 C031300 N
007 C011400 14
007 C021400 THE ARCH INTERMEDIATE CORPORATE BOND PORT.
007 C031400 N
007 C011500 15
007 C021500 THE ARCH EQUITY INCOME PORTFOLIO
007 C031500 N
007 C011600 16
007 C021600 THE ARCH EQUITY INDEX PORTFOLIO
007 C031600 N
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
008 A00AA01 MISSISSIPPI VALLEY ADVISORS, INC.
008 B00AA01 A
008 C00AA01 801-000000
008 D01AA01 ST. LOUIS
008 D02AA01 MO
008 D03AA01 63101
010 A00AA01 BISYS FUND SERVICES, INC.
010 C01AA01 COLUMBUS
010 C02AA01 OH
010 C03AA01 43219
010 C04AA01 3035
011 A00AA01 BISYS FUND SERVICES, INC.
011 B00AA01 8-00000000
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011 C02AA01 OH
011 C03AA01 43219
011 C04AA01 3035
012 A00AA01 BISYS FUND SERVICES, INC.
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012 C03AA01 43219
012 C04AA01 3035
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 COLUMBUS
013 B02AA01 OH
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<PAGE> PAGE 3
015 A00AA01 MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOC.
015 B00AA01 C
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015 C02AA01 MO
015 C03AA01 63101
015 E03AA01 X
018 00AA00 Y
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020 A000004 BRIDGE TRADING CO.
020 C000004 43
020 A000005 PAINE WEBBER
020 C000005 40
020 A000006 SHEARSON LEHMAN HUTTON, INC.
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022 A000007 BT SECURITIES CORP
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<PAGE> PAGE 4
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054 J00AA00 N
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<PAGE> PAGE 5
058 E00AA00 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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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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028 G030900 0
028 G040900 156632
028 H000900 0
029 000900 N
030 A000900 0
030 B000900 0.00
030 C000900 0.00
031 A000900 0
031 B000900 0
032 000900 0
033 000900 0
034 000900 N
035 000900 0
036 B000900 0
042 A000900 0
042 B000900 0
042 C000900 0
042 D000900 100
042 E000900 0
042 F000900 0
042 G000900 0
042 H000900 0
043 000900 21
044 000900 0
045 000900 Y
046 000900 N
047 000900 Y
048 000900 0.400
048 A010900 0
048 A020900 0.000
048 B010900 0
048 B020900 0.000
048 C010900 0
048 C020900 0.000
048 D010900 0
<PAGE> PAGE 42
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 0
048 K020900 0.000
055 A000900 Y
055 B000900 N
056 000900 Y
057 000900 N
062 A000900 Y
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 94.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 5.6
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
063 A000900 32
063 B000900 0.0
064 A000900 N
064 B000900 N
066 A000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 N
070 B010900 N
070 B020900 N
070 C010900 N
<PAGE> PAGE 43
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 Y
070 L010900 N
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 N
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900 0
071 B000900 0
071 C000900 0
071 D000900 0
072 A000900 6
072 B000900 2421
072 C000900 0
072 D000900 0
072 E000900 0
072 F000900 276
072 G000900 69
072 H000900 0
072 I000900 17
072 J000900 9
072 K000900 0
072 L000900 4
072 M000900 2
072 N000900 8
072 O000900 0
072 P000900 0
<PAGE> PAGE 44
072 Q000900 1
072 R000900 3
072 S000900 3
072 T000900 56
072 U000900 0
072 V000900 0
072 W000900 1
072 X000900 449
072 Y000900 34
072 Z000900 2007
072AA000900 0
072BB000900 0
072CC010900 0
072CC020900 0
072DD010900 1780
072DD020900 227
072EE000900 0
073 A010900 0.0150
073 A020900 0.0140
073 B000900 0.0000
073 C000900 0.0000
074 A000900 0
074 B000900 0
074 C000900 7600
074 D000900 128692
074 E000900 0
074 F000900 0
074 G000900 0
074 H000900 0
074 I000900 2
074 J000900 0
074 K000900 0
074 L000900 1060
074 M000900 2
074 N000900 137356
074 O000900 0
074 P000900 42
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 417
074 S000900 0
074 T000900 136897
074 U010900 123512
074 U020900 13386
074 V010900 1.00
074 V020900 1.00
074 W000900 0.9999
074 X000900 41
074 Y000900 0
<PAGE> PAGE 45
075 A000900 138410
075 B000900 0
076 000900 0.00
024 001000 N
025 A001001 DELETE
025 D001001 0
025 D001002 0
025 D001003 0
025 D001004 0
025 D001005 0
025 D001006 0
025 D001007 0
025 D001008 0
028 A011000 2951
028 A021000 98
028 A031000 0
028 A041000 737
028 B011000 3609
028 B021000 101
028 B031000 0
028 B041000 1236
028 C011000 3223
028 C021000 104
028 C031000 0
028 C041000 500
028 D011000 2421
028 D021000 93
028 D031000 0
028 D041000 1087
028 E011000 1621
028 E021000 103
028 E031000 0
028 E041000 225
028 F011000 1484
028 F021000 101
028 F031000 0
028 F041000 1939
028 G011000 15309
028 G021000 600
028 G031000 0
028 G041000 5724
028 H001000 1283
029 001000 Y
030 A001000 38
030 B001000 4.50
030 C001000 0.00
031 A001000 32
031 B001000 0
032 001000 6
033 001000 0
034 001000 Y
<PAGE> PAGE 46
035 001000 4
036 A001000 Y
036 B001000 0
042 A001000 0
042 B001000 0
042 C001000 0
042 D001000 100
042 E001000 0
042 F001000 0
042 G001000 0
042 H001000 0
043 001000 28
044 001000 0
045 001000 Y
046 001000 N
047 001000 Y
048 001000 0.450
048 A011000 0
048 A021000 0.000
048 B011000 0
048 B021000 0.000
048 C011000 0
048 C021000 0.000
048 D011000 0
048 D021000 0.000
048 E011000 0
048 E021000 0.000
048 F011000 0
048 F021000 0.000
048 G011000 0
048 G021000 0.000
048 H011000 0
048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 0
048 K021000 0.000
055 A001000 N
055 B001000 N
056 001000 Y
057 001000 N
062 A001000 Y
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
<PAGE> PAGE 47
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 96.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 3.0
063 A001000 0
063 B001000 11.9
064 A001000 N
064 B001000 N
066 A001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 N
070 B011000 N
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 Y
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 N
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 N
070 P021000 N
<PAGE> PAGE 48
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000 12268
071 B001000 2966
071 C001000 78736
071 D001000 4
072 A001000 6
072 B001000 2317
072 C001000 72
072 D001000 0
072 E001000 0
072 F001000 197
072 G001000 87
072 H001000 0
072 I001000 10
072 J001000 13
072 K001000 0
072 L001000 5
072 M001000 1
072 N001000 6
072 O001000 0
072 P001000 0
072 Q001000 5
072 R001000 1
072 S001000 4
072 T001000 29
072 U001000 0
072 V001000 0
072 W001000 1
072 X001000 359
072 Y001000 44
072 Z001000 2074
072AA001000 0
072BB001000 0
072CC011000 0
072CC021000 658
072DD011000 1494
072DD021000 566
072EE001000 0
073 A011000 0.2800
073 A021000 0.2700
073 B001000 0.0000
073 C001000 0.0000
074 A001000 12
074 B001000 0
074 C001000 0
074 D001000 87558
074 E001000 0
074 F001000 0
<PAGE> PAGE 49
074 G001000 0
074 H001000 0
074 I001000 2762
074 J001000 0
074 K001000 0
074 L001000 1397
074 M001000 1
074 N001000 91730
074 O001000 0
074 P001000 36
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 442
074 S001000 0
074 T001000 91252
074 U011000 5759
074 U021000 2033
074 V011000 11.59
074 V021000 11.59
074 W001000 0.0000
074 X001000 534
074 Y001000 0
075 A001000 0
075 B001000 87579
076 001000 0.00
024 001100 N
025 A001101 DELETE
025 D001101 0
025 D001102 0
025 D001103 0
025 D001104 0
025 D001105 0
025 D001106 0
025 D001107 0
025 D001108 0
028 A011100 998
028 A021100 4
028 A031100 0
028 A041100 1512
028 B011100 85
028 B021100 4
028 B031100 0
028 B041100 279
028 C011100 337
028 C021100 4
028 C031100 0
028 C041100 190
028 D011100 563
028 D021100 4
<PAGE> PAGE 50
028 D031100 0
028 D041100 658
028 E011100 128
028 E021100 4
028 E031100 0
028 E041100 552
028 F011100 460
028 F021100 4
028 F031100 0
028 F041100 621
028 G011100 2571
028 G021100 24
028 G031100 0
028 G041100 3812
028 H001100 0
029 001100 Y
030 A001100 0
030 B001100 2.50
030 C001100 0.00
031 A001100 0
031 B001100 0
032 001100 0
033 001100 0
034 001100 N
035 001100 0
036 B001100 0
042 A001100 0
042 B001100 0
042 C001100 0
042 D001100 100
042 E001100 0
042 F001100 0
042 G001100 0
042 H001100 0
043 001100 0
044 001100 0
045 001100 Y
046 001100 N
047 001100 Y
048 001100 0.550
048 A011100 0
048 A021100 0.000
048 B011100 0
048 B021100 0.000
048 C011100 0
048 C021100 0.000
048 D011100 0
048 D021100 0.000
048 E011100 0
048 E021100 0.000
048 F011100 0
<PAGE> PAGE 51
048 F021100 0.000
048 G011100 0
048 G021100 0.000
048 H011100 0
048 H021100 0.000
048 I011100 0
048 I021100 0.000
048 J011100 0
048 J021100 0.000
048 K011100 0
048 K021100 0.000
055 A001100 N
055 B001100 N
056 001100 Y
057 001100 N
062 A001100 Y
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 96.1
062 P001100 0.0
062 Q001100 0.0
062 R001100 2.8
063 A001100 0
063 B001100 3.7
064 A001100 N
064 B001100 N
066 A001100 N
067 001100 N
068 A001100 N
068 B001100 N
069 001100 N
070 A011100 Y
070 A021100 N
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 N
<PAGE> PAGE 52
070 E021100 N
070 F011100 N
070 F021100 N
070 G011100 N
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 Y
070 L011100 N
070 L021100 N
070 M011100 N
070 M021100 N
070 N011100 N
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100 0
071 B001100 0
071 C001100 27029
071 D001100 0
072 A001100 6
072 B001100 624
072 C001100 6
072 D001100 0
072 E001100 0
072 F001100 79
072 G001100 28
072 H001100 0
072 I001100 5
072 J001100 4
072 K001100 0
072 L001100 5
072 M001100 0
072 N001100 8
072 O001100 0
072 P001100 0
072 Q001100 5
072 R001100 1
072 S001100 4
072 T001100 0
<PAGE> PAGE 53
072 U001100 5
072 V001100 0
072 W001100 0
072 X001100 144
072 Y001100 93
072 Z001100 578
072AA001100 0
072BB001100 0
072CC011100 0
072CC021100 207
072DD011100 576
072DD021100 2
072EE001100 0
073 A011100 0.2000
073 A021100 0.1900
073 B001100 0.0000
073 C001100 0.0000
074 A001100 0
074 B001100 0
074 C001100 0
074 D001100 27005
074 E001100 0
074 F001100 0
074 G001100 0
074 H001100 0
074 I001100 795
074 J001100 0
074 K001100 0
074 L001100 415
074 M001100 10
074 N001100 28225
074 O001100 0
074 P001100 0
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 127
074 S001100 0
074 T001100 28098
074 U011100 2806
074 U021100 3
074 V011100 10.00
074 V021100 10.01
074 W001100 0.0000
074 X001100 7
074 Y001100 0
075 A001100 0
075 B001100 28687
076 001100 0.00
024 001200 N
<PAGE> PAGE 54
025 A001201 DELETE
025 D001201 0
025 D001202 0
025 D001203 0
025 D001204 0
025 D001205 0
025 D001206 0
025 D001207 0
025 D001208 0
028 A011200 2651
028 A021200 0
028 A031200 0
028 A041200 1040
028 B011200 3220
028 B021200 0
028 B031200 0
028 B041200 1260
028 C011200 6315
028 C021200 0
028 C031200 0
028 C041200 654
028 D011200 3818
028 D021200 1
028 D031200 0
028 D041200 1473
028 E011200 4140
028 E021200 1
028 E031200 0
028 E041200 1420
028 F011200 5352
028 F021200 1
028 F031200 0
028 F041200 985
028 G011200 25496
028 G021200 3
028 G031200 0
028 G041200 6832
028 H001200 122
029 001200 Y
030 A001200 4
030 B001200 4.50
030 C001200 0.00
031 A001200 3
031 B001200 0
032 001200 1
033 001200 0
034 001200 N
035 001200 0
036 B001200 0
042 A001200 0
042 B001200 0
<PAGE> PAGE 55
042 C001200 0
042 D001200 100
042 E001200 0
042 F001200 0
042 G001200 0
042 H001200 0
043 001200 0
044 001200 0
045 001200 Y
046 001200 N
047 001200 Y
048 001200 0.550
048 A011200 0
048 A021200 0.000
048 B011200 0
048 B021200 0.000
048 C011200 0
048 C021200 0.000
048 D011200 0
048 D021200 0.000
048 E011200 0
048 E021200 0.000
048 F011200 0
048 F021200 0.000
048 G011200 0
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 0
048 K021200 0.000
055 A001200 N
055 B001200 N
056 001200 Y
057 001200 N
062 A001200 Y
062 B001200 0.0
062 C001200 0.0
062 D001200 0.0
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 0.0
<PAGE> PAGE 56
062 N001200 0.0
062 O001200 101.5
062 P001200 0.0
062 Q001200 0.0
062 R001200 1.7
063 A001200 0
063 B001200 8.6
064 A001200 N
064 B001200 N
066 A001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
070 A011200 N
070 A021200 N
070 B011200 N
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 Y
070 L011200 N
070 L021200 N
070 M011200 N
070 M021200 N
070 N011200 N
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200 176294
<PAGE> PAGE 57
071 B001200 157819
071 C001200 310593
071 D001200 51
072 A001200 6
072 B001200 8950
072 C001200 71
072 D001200 0
072 E001200 0
072 F001200 863
072 G001200 157
072 H001200 0
072 I001200 28
072 J001200 1
072 K001200 0
072 L001200 16
072 M001200 5
072 N001200 40
072 O001200 0
072 P001200 0
072 Q001200 4
072 R001200 5
072 S001200 14
072 T001200 0
072 U001200 3
072 V001200 0
072 W001200 4
072 X001200 1140
072 Y001200 934
072 Z001200 8814
072AA001200 6968
072BB001200 0
072CC011200 0
072CC021200 9622
072DD011200 8806
072DD021200 8
072EE001200 0
073 A011200 0.2800
073 A021200 0.2700
073 B001200 0.0000
073 C001200 0.0000
074 A001200 0
074 B001200 0
074 C001200 0
074 D001200 331227
074 E001200 0
074 F001200 0
074 G001200 0
074 H001200 0
074 I001200 5739
074 J001200 0
074 K001200 0
<PAGE> PAGE 58
074 L001200 5661
074 M001200 86
074 N001200 342713
074 O001200 14731
074 P001200 2
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 1553
074 S001200 0
074 T001200 326427
074 U011200 32725
074 U021200 55
074 V011200 9.96
074 V021200 9.95
074 W001200 0.0000
074 X001200 15
074 Y001200 0
075 A001200 0
075 B001200 315023
076 001200 0.00
024 001300 Y
025 A001301 GENERAL ELECTRIC CAPITAL CORP.
025 C001301 D
025 D001301 3330
025 A001302 MERRILL LYNCH
025 C001302 D
025 D001302 3040
025 A001303 HOUSEHOLD FINANCE CORP.
025 C001303 D
025 D001303 2030
025 D001304 0
025 D001305 0
025 D001306 0
025 D001307 0
025 D001308 0
028 A011300 0
028 A021300 0
028 A031300 0
028 A041300 0
028 B011300 0
028 B021300 0
028 B031300 0
028 B041300 0
028 C011300 125611
028 C021300 0
028 C031300 0
028 C041300 177
028 D011300 1874
028 D021300 3
<PAGE> PAGE 59
028 D031300 0
028 D041300 192
028 E011300 1705
028 E021300 6
028 E031300 0
028 E041300 607
028 F011300 1238
028 F021300 7
028 F031300 0
028 F041300 266
028 G011300 130428
028 G021300 16
028 G031300 0
028 G041300 1242
028 H001300 0
030 A001300 0
030 B001300 2.50
030 C001300 0.00
031 A001300 0
031 B001300 0
032 001300 0
033 001300 0
034 001300 N
035 001300 0
036 B001300 0
042 A001300 0
042 B001300 0
042 C001300 0
042 D001300 100
042 E001300 0
042 F001300 0
042 G001300 0
042 H001300 0
043 001300 0
044 001300 0
045 001300 Y
046 001300 N
047 001300 Y
048 001300 0.300
048 A011300 0
048 A021300 0.000
048 B011300 0
048 B021300 0.000
048 C011300 0
048 C021300 0.000
048 D011300 0
048 D021300 0.000
048 E011300 0
048 E021300 0.000
048 F011300 0
048 F021300 0.000
<PAGE> PAGE 60
048 G011300 0
048 G021300 0.000
048 H011300 0
048 H021300 0.000
048 I011300 0
048 I021300 0.000
048 J011300 0
048 J021300 0.000
048 K011300 0
048 K021300 0.000
055 A001300 Y
055 B001300 N
056 001300 Y
057 001300 N
062 A001300 Y
062 B001300 0.0
062 C001300 0.0
062 D001300 0.0
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 0.0
062 M001300 42.9
062 N001300 30.5
062 O001300 0.0
062 P001300 25.3
062 Q001300 0.0
062 R001300 0.9
063 A001300 0
063 B001300 9.2
064 A001300 N
064 B001300 N
066 A001300 N
067 001300 N
068 A001300 N
068 B001300 N
069 001300 Y
070 A011300 Y
070 A021300 N
070 B011300 N
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 N
070 D021300 N
070 E011300 N
070 E021300 N
<PAGE> PAGE 61
070 F011300 N
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 N
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 Y
070 L011300 Y
070 L021300 N
070 M011300 N
070 M021300 N
070 N011300 Y
070 N021300 Y
070 O011300 Y
070 O021300 N
070 P011300 N
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300 177717
071 B001300 51221
071 C001300 125988
071 D001300 41
072 A001300 4
072 B001300 6131
072 C001300 23
072 D001300 0
072 E001300 5
072 F001300 110
072 G001300 73
072 H001300 0
072 I001300 6
072 J001300 11
072 K001300 0
072 L001300 7
072 M001300 1
072 N001300 10
072 O001300 0
072 P001300 0
072 Q001300 1
072 R001300 2
072 S001300 6
072 T001300 0
072 U001300 2
<PAGE> PAGE 62
072 V001300 0
072 W001300 2
072 X001300 231
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<PAGE> PAGE 63
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<PAGE> PAGE 64
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<PAGE> PAGE 65
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<PAGE> PAGE 66
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<PAGE> PAGE 67
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<PAGE> PAGE 68
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<PAGE> PAGE 69
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<PAGE> PAGE 70
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<PAGE> PAGE 71
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<PAGE> PAGE 72
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<PAGE> PAGE 73
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<PAGE> PAGE 74
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<PAGE> PAGE 75
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<PAGE> PAGE 76
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SIGNATURE MILT EMERINE
TITLE MANAGER
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<FN>
<F1>Trust Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 014
<NAME> THE ARCH MONEY MARKET PORTFOLIO
<S> <C>
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<FN>
<F1>Institutional Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 021
<NAME> THE ARCH GROWTH & INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
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<FN>
<F1>Class A Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 022
<NAME> THE ARCH GROWTH & INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
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<FN>
<F1>Class B Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 023
<NAME> THE ARCH GROWTH & INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
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<FN>
<F1>Trust Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 024
<NAME> THE ARCH GROWTH & INCOME PORTFOLIO
<S> <C>
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<FN>
<F1>Institutional Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 031
<NAME> THE ARCH GOVERNMENT & CORPORATE BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
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<FN>
<F1>Class A Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 032
<NAME> THE ARCH GOVERNMENT & CORPORATE BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
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<FN>
<F1>Class B Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 033
<NAME> THE ARCH GOVERNMENT & CORPORATE BOND PORTFOLIO
<S> <C>
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<FN>
<F1>Trust Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 034
<NAME> THE ARCH GOVERNMENT & CORPORATE BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
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<FN>
<F1>Institutional Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 041
<NAME> THE ARCH U.S. GOVERNMENT SECURITIES PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
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<FN>
<F1>Class A Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 042
<NAME> THE ARCH U.S. GOVERNMENT SECURITIES PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
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<FN>
<F1>Class B Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 043
<NAME> THE ARCH U.S. GOVERNMENT SECURITIES PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
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<FN>
<F1>Trust Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 044
<NAME> THE ARCH U.S. GOVERNMENT SECURITIES PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
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<FN>
<F1>Institutional Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 051
<NAME> THE ARCH TREASURY MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
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<FN>
<F1>Class A Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 052
<NAME> THE ARCH TREASURY MONEY MARKET PORTFOLIO
<S> <C>
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<FN>
<F1>Trust Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 053
<NAME> THE ARCH TREASURY MONEY MARKET PORTFOLIO
<S> <C>
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<EXPENSE-RATIO> .770<F1>
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<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Institutional Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 061
<NAME> THE ARCH SMALL CAP EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
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<INVESTMENTS-AT-VALUE> 230497282
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<SHARES-COMMON-PRIOR> 1036243<F1>
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<SHARES-REINVESTED> 66549<F1>
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<EXPENSE-RATIO> 1.25<F1>
<AVG-DEBT-OUTSTANDING> 0
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<FN>
<F1>Class A Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 062
<NAME> THE ARCH SMALL CAP EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
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<SHARES-REINVESTED> 6249<F1>
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<PER-SHARE-NII> (0.06)<F1>
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<AVG-DEBT-OUTSTANDING> 0
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<FN>
<F1>Class B Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 063
<NAME> THE ARCH SMALL CAP EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
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<PERIOD-END> MAY-31-1997
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<FN>
<F1>Trust Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 064
<NAME> THE ARCH SMALL CAP EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
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<PERIOD-END> MAY-31-1997
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<AVG-DEBT-OUTSTANDING> 0
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<FN>
<F1>Institutional Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 071
<NAME> THE ARCH BALANCED PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
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<FN>
<F1>Class A Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 072
<NAME> THE ARCH BALANCED PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
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<FN>
<F1>Class B Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 073
<NAME> THE ARCH BALANCED PORTFOLIO
<S> <C>
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<EXPENSE-RATIO> 0.97<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Trust Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 074
<NAME> THE ARCH BALANCED PORTFOLIO
<S> <C>
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<NET-CHANGE-IN-ASSETS> (9263116)
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<GROSS-EXPENSE> 704488
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<EXPENSE-RATIO> 1.27<F1>
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<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Institutional Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 081
<NAME> THE ARCH INTERNATIONAL EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
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<INVESTMENTS-AT-VALUE> 63008772
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<SHARES-REINVESTED> 6094<F1>
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<FN>
<F1>Class A Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 082
<NAME> THE ARCH INTERNATIONAL EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
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<SHARES-REINVESTED> 1050<F1>
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<PER-SHARE-NII> (.020)<F1>
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<FN>
<F1>Class B Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 083
<NAME> THE ARCH INTERNATIONAL EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
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<FN>
<F1>Trust Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 084
<NAME> THE ARCH INTERNATIONAL EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
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<FN>
<F1>Institutional Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 091
<NAME> THE ARCH TAX EXEMPT MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
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<FN>
<F1>Class A Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 092
<NAME> THE ARCH TAX EXEMPT MONEY MARKET PORTFOLIO
<S> <C>
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<FN>
<F1>Trust Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 101
<NAME> THE ARCH MISSOURI TAX EXEMPT BOND PORTFOLIO
<S> <C>
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<FN>
<F1>Class A Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 102
<NAME> THE ARCH MISSOURI TAX EXEMPT BOND PORTFOLIO
<S> <C>
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<F1>Class B Shares
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<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 103
<NAME> THE ARCH MISSOURI TAX EXEMPT BOND PORTFOLIO
<S> <C>
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<F1>Trust Class Shares
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<NAME> THE ARCH FUND, INC.
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<NUMBER> 111
<NAME> THE ARCH SHORT INTERMEDIATE MUNICIPAL PORTFOLIO
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<F1>Class A Shares
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</TABLE>
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<NAME> THE ARCH FUND, INC.
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<NUMBER> 112
<NAME> THE ARCH SHORT INTERMEDIATE MUNICIPAL PORTFOLIO
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<F1>Trust Class Shares
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<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 121
<NAME> THE ARCH NATIONAL MUNICIPAL BOND PORTFOLIO
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</TABLE>
<TABLE> <S> <C>
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<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 122
<NAME> THE ARCH NATIONAL MUNICIPAL BOND PORTFOLIO
<S> <C>
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<F1>Class B Shares
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</TABLE>
<TABLE> <S> <C>
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<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 123
<NAME> THE ARCH NATIONAL MUNICIPAL BOND PORTFOLIO
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<F1>Trust Class Shares
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<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 131
<NAME> THE ARCH BOND INDEX PORTFOLIO
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</TABLE>
<TABLE> <S> <C>
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<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 132
<NAME> THE ARCH BOND INDEX PORTFOLIO
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<F1>Trust Class Shares
</FN>
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<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 133
<NAME> THE ARCH BOND INDEX PORTFOLIO
<S> <C>
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<F1>Institutional Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 141
<NAME> THE ARCH INTERMEDIATE CORPORATE BOND PORTFOLIO
<S> <C>
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<F1>Class A Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 142
<NAME> THE ARCH INTERMEDIATE CORPORATE BOND PORTFOLIO
<S> <C>
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<F1>Trust Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 143
<NAME> THE ARCH INTERMEDIATE CORPORATE BOND PORTFOLIO
<S> <C>
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<F1>Institutional Class Shares
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 151
<NAME> THE ARCH EQUITY INCOME PORTFOLIO
<S> <C>
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<F1>Class A Shares
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 152
<NAME> THE ARCH EQUITY INCOME PORTFOLIO
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<F1>Class B Shares
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</TABLE>
<TABLE> <S> <C>
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<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 153
<NAME> THE ARCH EQUITY INCOME PORTFOLIO
<S> <C>
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<F1>Trust Class Shares
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</TABLE>
<TABLE> <S> <C>
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<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 154
<NAME> THE ARCH EQUITY INCOME PORTFOLIO
<S> <C>
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<FN>
<F1>Institutional Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 161
<NAME> THE ARCH EQUITY INDEX PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> MAY-01-1997
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<FN>
<F1>Class A Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 162
<NAME> THE ARCH EQUITY INDEX PORTFOLIO
<S> <C>
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<AVERAGE-NET-ASSETS> 26202903<F1>
<PER-SHARE-NAV-BEGIN> 10.000<F1>
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<FN>
<F1>Trust Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000706366
<NAME> THE ARCH FUND, INC.
<SERIES>
<NUMBER> 163
<NAME> THE ARCH EQUITY INDEX PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> MAY-01-1997
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<SHARES-REINVESTED> 0<F1>
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 15702
<AVERAGE-NET-ASSETS> 1043<F1>
<PER-SHARE-NAV-BEGIN> 10.000<F1>
<PER-SHARE-NII> .020<F1>
<PER-SHARE-GAIN-APPREC> .590<F1>
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<RETURNS-OF-CAPITAL> .000<F1>
<PER-SHARE-NAV-END> 10.590<F1>
<EXPENSE-RATIO> .350<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Institutional Class Shares
</FN>
</TABLE>
