MBL GROWTH FUND INC
NSAR-A, 1997-08-22
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<PAGE>      PAGE  1
000 A000000 06/30/97
000 C000000 0000708952
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 MBL GROWTH FUND, INC.
001 B000000 811-3593
001 C000000 2014818356
002 A000000 520 BROAD ST.
002 B000000 NEWARK
002 C000000 NJ
002 D010000 07102
002 D020000 3111
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
020 A000001 JEFFERIES
020 B000001 95-2622900
020 C000001      9
020 A000002 DONALDSON, LUFKIN & JENRETTE
020 B000002 13-2741729
020 C000002      5
020 A000003 INSTINET
020 B000003 13-3443395
020 C000003      5
020 A000004 OPPENHEIMER
020 B000004 13-2798343
020 C000004      2
020 A000005 WILLIAM BLAIR
020 B000005 36-2214610
020 C000005      1
020 A000006 PRUDENTIAL
020 B000006 22-2347336
020 C000006      1
020 A000007 BEAR, STEARNS
020 B000007 13-3299429
020 C000007      1
020 A000008 CANTOR FITZGERALD
020 B000008 13-3680184
020 C000008      1
020 A000009 PAINE WEBBER
020 B000009 13-2638166
020 C000009      1
020 A000010 ROBERT BRANDT
<PAGE>      PAGE  2
020 B000010 95-2650507
020 C000010      1
021  000000       27
022 A000001 FIRST CHICAGO
022 B000001 36-3595942
022 C000001      9468
022 D000001      1222
022 A000002 DEAN WITTER
022 B000002 94-1671384
022 C000002      8145
022 D000002      2179
022 A000003 SMITH BARNEY
022 B000003 13-1912900
022 C000003      6184
022 D000003      3073
022 A000004 LEHMAN
022 B000004 13-2518466
022 C000004      3847
022 D000004      3499
022 A000005 MERRILL, LYNCH
022 B000005 13-5674085
022 C000005      4758
022 D000005      2035
022 A000006 QUEST FOR VALUE
022 C000006         0
022 D000006      1604
022 A000007 CLARKE
022 B000007 13-2969143
022 C000007      1588
022 D000007         0
022 A000008 NATIONAL EDUCATION
022 B000008 95-2774428
022 C000008         0
022 D000008      1205
022 A000009 HERZOG HEINE GEDULD
022 B000009 13-1955436
022 C000009         0
022 D000009       488
022 A000010 GEMINI II
022 C000010         0
022 D000010       197
023 C000000      34052
023 D000000      15816
028 A010000        45
028 A020000         0
028 A030000         0
028 A040000       325
028 B010000        24
028 B020000         0
028 B030000         0
028 B040000       105
<PAGE>      PAGE  3
028 C010000        31
028 C020000         0
028 C030000         0
028 C040000       330
028 D010000        18
028 D020000         0
028 D030000         0
028 D040000       103
028 E010000        11
028 E020000         0
028 E030000         0
028 E040000       318
028 F010000        10
028 F020000         0
028 F030000         0
028 F040000       365
028 G010000       140
028 G020000         0
028 G030000         0
028 G040000      1545
028 H000000         0
062 A000000 N
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000   0.0
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 Y
066 E000000 N
066 F000000 N
066 G000000 N
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
071 A000000     14918
<PAGE>      PAGE  4
071 B000000     16910
071 C000000     41474
071 D000000   36
072 A000000  6
072 B000000      224
072 C000000      285
072 D000000        0
072 E000000        0
072 F000000      126
072 G000000        0
072 H000000        0
072 I000000       10
072 J000000       35
072 K000000        0
072 L000000        4
072 M000000        4
072 N000000        1
072 O000000        0
072 P000000        0
072 Q000000        0
072 R000000       13
072 S000000        9
072 T000000        0
072 U000000        0
072 V000000        0
072 W000000        6
072 X000000      207
072 Y000000        0
072 Z000000      303
072AA000000     4400
072BB000000      323
072CC010000     4795
072CC020000        0
072DD010000        0
072DD020000        0
072EE000000        0
073 A010000   0.0000
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
074 A000000        6
074 B000000        0
074 C000000     8125
074 D000000      251
074 E000000       41
074 F000000    45446
074 G000000        0
074 H000000        0
074 I000000        0
074 J000000      350
074 K000000        0
<PAGE>      PAGE  5
074 L000000       49
074 M000000        4
074 N000000    54273
074 O000000      420
074 P000000       74
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000       17
074 S000000        0
074 T000000    53762
074 U010000     4186
074 U020000        0
074 V010000    12.84
074 V020000     0.00
074 W000000   0.0000
074 X000000        8
074 Y000000        0
075 A000000        0
075 B000000    48631
076  000000     0.00
077 A000000 N
078  000000 N
SIGNATURE   ALBERT W. LEIER                              
TITLE       V.P. & TREASURER    
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMIANNUAL REPORT OF MBL GROWTH FUND, INC. DATED JUNE 30, 1997 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000708952
<NAME> MBL GROWTH FUND, INC.
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                            39643
<INVESTMENTS-AT-VALUE>                           53864
<RECEIVABLES>                                      399
<ASSETS-OTHER>                                      10
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   54273
<PAYABLE-FOR-SECURITIES>                           420
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           91
<TOTAL-LIABILITIES>                                511
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         30849
<SHARES-COMMON-STOCK>                             4186
<SHARES-COMMON-PRIOR>                             4307
<ACCUMULATED-NII-CURRENT>                          337
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           4170
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         14221
<NET-ASSETS>                                     53762
<DIVIDEND-INCOME>                                  285
<INTEREST-INCOME>                                  224
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     207
<NET-INVESTMENT-INCOME>                            303
<REALIZED-GAINS-CURRENT>                          4077
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<NET-CHANGE-FROM-OPS>                             9175
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             13
<NUMBER-OF-SHARES-REDEEMED>                        134
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                            7771
<ACCUMULATED-NII-PRIOR>                             35
<ACCUMULATED-GAINS-PRIOR>                           92
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              126
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    207
<AVERAGE-NET-ASSETS>                             48631
<PER-SHARE-NAV-BEGIN>                            10.68
<PER-SHARE-NII>                                   0.07
<PER-SHARE-GAIN-APPREC>                           2.09
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.84
<EXPENSE-RATIO>                                   0.43
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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