<PAGE> PAGE 1
000 B000000 12/31/97
000 C000000 0000709364
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 ROYCE FUND
001 B000000 811-3599
001 C000000 2123557311
002 A000000 1414 AVENUE OF THE AMERICAS
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10019
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 10
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C020500 ROYCE MICRO-CAP FUND
007 C030500 N
007 C010600 6
007 C020600 ROYCE PREMIER FUND
007 C030600 N
007 C010700 7
007 C020700 ROYCE LOW-PRICED STOCK FUND
007 C030700 N
007 C010800 8
007 C020800 ROYCE TOTAL RETURN FUND
007 C030800 N
007 C010900 9
007 C020900 REVEST GROWTH & INCOME FUND
007 C030900 N
007 C011000 10
007 C021000 ROYCE FINANCIAL SERVICES FUND
007 C031000 N
007 C011100 11
007 C021100 ROYCE GIFTSHARES FUND
007 C031100 N
007 C011200 12
007 C021200 PENNSYLVANIA MUTUAL FUND
007 C031200 N
007 C011300 13
<PAGE> PAGE 2
007 C021300 PMFII
007 C031300 N
007 C011400 14
007 C021400 ROYCE FINANCIAL SERVICES FUND
007 C031400 Y
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
012 A00AA01 NATIONAL FINANCIAL DATA SERVICES
012 B00AA01 84-1078
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64141
013 A00AA01 COOPERS & LYBRAND L.L.P.
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 N. QUINCY
015 C02AA01 MA
015 C03AA01 02170
015 E01AA01 X
015 A00AA02 WESTPAC BANKING CORPORATION
015 B00AA02 S
015 C01AA02 SYDNEY
015 D01AA02 AUSTRALIA
015 E04AA02 X
015 A00AA03 GIROCREDIT BANK
015 B00AA03 S
015 C01AA03 VIENNA
015 D01AA03 AUSTRIA
015 E04AA03 X
015 A00AA04 GENERALE BANK
015 B00AA04 S
015 C01AA04 BRUSSELS
015 D01AA04 BELGIUM
015 E04AA04 X
015 A00AA05 CITIBANK, N.A.
015 B00AA05 S
015 C01AA05 SAO PAULO
015 D01AA05 BRAZIL
015 E04AA05 X
015 A00AA06 CANADA TRUSTCO MORTGAGE COMPANY
015 B00AA06 S
015 C01AA06 TORONTO
015 D01AA06 CANADA
015 E04AA06 X
<PAGE> PAGE 3
015 A00AA07 DEN DANSKE BANK
015 B00AA07 S
015 C01AA07 COPENHAGEN
015 D01AA07 DENMARK
015 E04AA07 X
015 A00AA08 MERITA BANK LIMITED
015 B00AA08 S
015 C01AA08 HELSINKI
015 D01AA08 FINLAND
015 E04AA08 X
015 A00AA09 BANQUE PARIBAS
015 B00AA09 S
015 C01AA09 PARIS
015 D01AA09 FRANCE
015 E04AA09 X
015 A00AA10 DRESDNER BANK AG
015 B00AA10 S
015 C01AA10 FRANKFURT
015 D01AA10 GERMANY
015 E04AA10 X
015 A00AA11 STANDARD CHARTERED BANK
015 B00AA11 S
015 C01AA11 HONG KONG
015 D01AA11 HONG KONG
015 E04AA11 X
015 A00AA12 STANDARD CHARTERED BANK
015 B00AA12 S
015 C01AA12 JAKARTA
015 D01AA12 INDONESIA
015 E04AA12 X
015 A00AA13 BANK OF IRELAND
015 B00AA13 S
015 C01AA13 DUBLIN
015 D01AA13 IRELAND
015 E04AA13 X
015 A00AA14 BANQUE PARIBAS
015 B00AA14 S
015 C01AA14 MILAN
015 D01AA14 ITALY
015 E04AA14 X
015 A00AA15 SUMITOMO TRUST & BANKING
015 B00AA15 S
015 C01AA15 TOKYO
015 D01AA15 JAPAN
015 E04AA15 X
015 A00AA16 THE DAIWA BANK, LIMITED
015 B00AA16 S
015 C01AA16 TOKYO
015 D01AA16 JAPAN
015 E04AA16 X
015 A00AA17 STANDARD CHARTERED BANK MALAYSIA BERHAD
<PAGE> PAGE 4
015 B00AA17 S
015 C01AA17 SINGAPORE
015 D01AA17 MALAYSIA
015 E04AA17 X
015 A00AA18 CITIBANK, MEXICO S.A.
015 B00AA18 S
015 C01AA18 MEXICO CITY
015 D01AA18 MEXICO
015 E04AA18 X
015 A00AA19 MEES PIERSON N.V.
015 B00AA19 S
015 C01AA19 AMSTERDAM
015 D01AA19 NETHERLANDS
015 E04AA19 X
015 A00AA20 ANZ BANKING GROUP LIMITED
015 B00AA20 S
015 C01AA20 WELLINGTON
015 D01AA20 NEW ZEALAND
015 E04AA20 X
015 A00AA21 CHRISTIANIA BANK
015 B00AA21 S
015 C01AA21 OSLO
015 D01AA21 NORWAY
015 E04AA21 X
015 A00AA22 STANDARD CHARTERED BANK
015 B00AA22 S
015 C01AA22 MANILA
015 D01AA22 PHILILPPINES
015 E04AA22 X
015 A00AA23 BANCO COMERCIAL PORTUGUES
015 B00AA23 S
015 C01AA23 LISBON
015 D01AA23 PORTUGAL
015 E04AA23 X
015 A00AA24 THE DEVELOPMENT BANK OF SINGAPORE LTD.
015 B00AA24 S
015 C01AA24 SINGAPORE
015 D01AA24 SINGAPORE
015 E04AA24 X
015 A00AA25 STANDARD BANK OF SOUTH AFRICA
015 B00AA25 S
015 C01AA25 JOHANNASBURG
015 D01AA25 SOUTH AFRICA
015 E04AA25 X
015 A00AA26 BANCO SANTANDER, S.A.
015 B00AA26 S
015 C01AA26 MADRID
015 D01AA26 SPAIN
015 E04AA26 X
015 A00AA27 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA27 S
<PAGE> PAGE 5
015 C01AA27 STOCKHOLM
015 D01AA27 SWEDEN
015 E04AA27 X
015 A00AA28 UNION BANK OF SWITZERLAND
015 B00AA28 S
015 C01AA28 ZURICH
015 D01AA28 SWITZERLAND
015 E04AA28 X
015 A00AA29 CENTRAL TRUST OF CHINA
015 B00AA29 S
015 C01AA29 TAIPEI
015 D01AA29 TAIWAN
015 E04AA29 X
015 A00AA30 STANDARD CHARTERED BANK
015 B00AA30 S
015 C01AA30 BANGKOK
015 D01AA30 THAILAND
015 E04AA30 X
015 A00AA31 STATE STREET BANK AND TRUST COMPANY
015 B00AA31 S
015 C01AA31 LONDON
015 D01AA31 UNITED KINGDOM
015 E04AA31 X
015 A00AA32 THE FUJI BANK, LIMITED
015 B00AA32 S
015 C01AA32 TOKYO
015 D01AA32 JAPAN
015 E04AA32 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 14
019 C00AA00 ROYCEFUNDS
020 A000001 INSTINET
020 B000001 13-2596491
020 C000001 468
020 A000002 WILLIAM O'NEIL & CO., INC.
020 B000002 95-2269163
020 C000002 92
020 A000003 ROCHDALE SECURITIES CORP.
020 B000003 13-3360814
020 C000003 66
020 A000004 THOMSON FINANCIAL
020 C000004 61
020 A000005 ROBINSON HUMPHREY
020 B000005 58-1472560
020 C000005 52
020 A000006 DOWLING & PARTNERS SECURITIES
020 B000006 06-1400223
020 C000006 42
020 A000007 STANDARD & POOR SECURITIES CORP.
020 B000007 13-1026995
<PAGE> PAGE 6
020 C000007 42
020 A000008 KALB, VOORHIS & CO.
020 B000008 13-5549000
020 C000008 37
020 A000009 SBC WARBURG DILLON READ & CO.
020 B000009 13-1939215
020 C000009 31
020 A000010 JANEY MONTGOMERY
020 C000010 30
021 000000 1610
022 A000001 STATE STREET BANK AND TRUST COMPANY
022 B000001 04-1867445
022 C000001 27186400
022 D000001 0
022 A000002 SMITN BARNEY INC.
022 B000002 13-1912900
022 C000002 40737
022 D000002 6975
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000003 13-5674085
022 C000003 11972
022 D000003 13546
022 A000004 JEFFERIES & COMPANY, INC.
022 B000004 95-2622900
022 C000004 13419
022 D000004 5833
022 A000005 HERZOG, HEINE & GEDULD
022 B000005 13-1955436
022 C000005 6841
022 D000005 5029
022 A000006 WHEAT, FIRST, BUTCHER & SINGER, INC.
022 B000006 54-0796506
022 C000006 7162
022 D000006 3267
022 A000007 BEAR STEARNS SECURITIES
022 B000007 13-3299429
022 C000007 2220
022 D000007 4724
022 A000008 SALOMON
022 C000008 6825
022 D000008 0
022 A000009 CHARLES SCHWAB & COMPANY
022 B000009 94-1727783
022 C000009 1802
022 D000009 3420
022 A000010 GOLDMAN SACHS & CO.
022 B000010 13-5108980
022 C000010 5028
022 D000010 0
023 C000000 27282406
023 D000000 42794
<PAGE> PAGE 7
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
025 D00AA09 0
025 D00AA10 0
025 D00AA11 0
025 D00AA12 0
025 D00AA13 0
025 D00AA14 0
025 D00AA15 0
025 D00AA16 0
025 D00AA17 0
025 D00AA18 0
025 D00AA19 0
025 D00AA20 0
025 D00AA21 0
025 D00AA22 0
025 D00AA23 0
025 D00AA24 0
025 D00AA25 0
025 D00AA26 0
025 D00AA27 0
025 D00AA28 0
025 D00AA29 0
025 D00AA30 0
025 D00AA31 0
025 D00AA32 0
025 D00AA33 0
025 D00AA34 0
025 D00AA35 0
025 D00AA36 0
025 D00AA37 0
025 D00AA38 0
025 D00AA39 0
025 D00AA40 0
025 D00AA41 0
025 D00AA42 0
025 D00AA43 0
025 D00AA44 0
025 D00AA45 0
025 D00AA46 0
025 D00AA47 0
025 D00AA48 0
025 D00AA49 0
025 D00AA50 0
<PAGE> PAGE 8
025 D00AA51 0
025 D00AA52 0
025 D00AA53 0
025 D00AA54 0
025 D00AA55 0
025 D00AA56 0
025 D00AA57 0
025 D00AA58 0
025 D00AA59 0
025 D00AA60 0
025 D00AA61 0
025 D00AA62 0
025 D00AA63 0
025 D00AA64 0
025 D00AA65 0
025 D00AA66 0
025 D00AA67 0
025 D00AA68 0
025 D00AA69 0
025 D00AA70 0
025 D00AA71 0
025 D00AA72 0
025 D00AA73 0
025 D00AA74 0
025 D00AA75 0
025 D00AA76 0
025 D00AA77 0
025 D00AA78 0
025 D00AA79 0
025 D00AA80 0
025 D00AA81 0
025 D00AA82 0
025 D00AA83 0
025 D00AA84 0
025 D00AA85 0
025 D00AA86 0
025 D00AA87 0
025 D00AA88 0
025 D00AA89 0
025 D00AA90 0
025 D00AA91 0
025 D00AA92 0
025 D00AA93 0
025 D00AA94 0
025 D00AA95 0
025 D00AA96 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
<PAGE> PAGE 9
026 F000000 N
026 G010000 N
026 G020000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 500
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
<PAGE> PAGE 10
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 0.0
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00 6200
081 A00AA00 Y
081 B00AA00 14
082 A00AA00 Y
082 B00AA00 50
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
<PAGE> PAGE 11
086 F020000 0
086 A01AA00 0
086 A02AA00 0
086 B01AA00 0
086 B02AA00 0
086 C01AA00 0
086 C02AA00 0
086 D01AA00 0
086 D02AA00 0
086 E01AA00 0
086 E02AA00 0
086 F01AA00 0
086 F02AA00 0
028 A010100 0
028 A020100 0
028 A030100 0
028 A040100 0
028 B010100 0
028 B020100 0
028 B030100 0
028 B040100 0
028 C010100 0
028 C020100 0
028 C030100 0
028 C040100 0
028 D010100 0
028 D020100 0
028 D030100 0
028 D040100 0
028 E010100 0
028 E020100 0
028 E030100 0
028 E040100 0
028 F010100 0
028 F020100 0
028 F030100 0
028 F040100 0
028 G010100 0
028 G020100 0
028 G030100 0
028 G040100 0
028 H000100 0
038 000100 0
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
<PAGE> PAGE 12
043 000100 0
044 000100 0
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 Y
070 Q010100 N
<PAGE> PAGE 13
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 6
072 B000100 0
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 0
072 G000100 0
072 H000100 0
072 I000100 0
072 J000100 0
072 K000100 0
072 L000100 0
072 M000100 0
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 0
072 S000100 0
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 0
072 X000100 0
072 Y000100 0
072 Z000100 0
072AA000100 0
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
<PAGE> PAGE 14
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 0
074 M000100 0
074 N000100 0
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 0
074 S000100 0
074 T000100 0
074 U010100 0
074 U020100 0
074 V010100 0.00
074 V020100 0.00
074 W000100 0.0000
074 X000100 0
074 Y000100 0
075 A000100 0
075 B000100 0
076 000100 0.00
038 000200 0
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 0
044 000200 0
038 000300 0
042 A000300 0
042 B000300 0
042 C000300 0
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 0
044 000300 0
074 O000300 0
074 P000300 0
074 Q000300 0
<PAGE> PAGE 15
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 0
074 S000300 0
074 T000300 0
074 U010300 0
074 U020300 0
074 V010300 0.00
074 V020300 0.00
074 W000300 0.0000
074 X000300 0
074 Y000300 0
008 A000401 ROYCE & ASSOCIATES, INC.
008 B000401 A
008 C000401 801-8268
008 D010401 NEW YORK
008 D020401 NY
008 D030401 10019
028 A010400 0
028 A020400 0
028 A030400 0
028 A040400 0
028 B010400 0
028 B020400 0
028 B030400 0
028 B040400 0
028 C010400 0
028 C020400 0
028 C030400 0
028 C040400 0
028 D010400 0
028 D020400 0
028 D030400 0
028 D040400 0
028 E010400 0
028 E020400 0
028 E030400 0
028 E040400 0
028 F010400 0
028 F020400 0
028 F030400 0
028 F040400 0
028 G010400 0
028 G020400 0
028 G030400 0
028 G040400 0
028 H000400 0
038 000400 0
042 A000400 0
042 B000400 0
<PAGE> PAGE 16
042 C000400 0
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 0
044 000400 0
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 N
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 N
066 E000400 N
066 F000400 Y
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
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 Y
070 L020400 Y
070 M010400 N
070 M020400 N
070 N010400 Y
<PAGE> PAGE 17
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
072 A000400 6
072 B000400 0
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 0
072 G000400 0
072 H000400 0
072 I000400 0
072 J000400 0
072 K000400 0
072 L000400 0
072 M000400 0
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 0
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 0
072 X000400 0
072 Y000400 0
072 Z000400 0
072AA000400 0
072BB000400 0
072CC010400 0
072CC020400 0
072DD010400 0
072DD020400 0
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
<PAGE> PAGE 18
074 B000400 0
074 C000400 0
074 D000400 0
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 0
074 M000400 0
074 N000400 0
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 0
074 S000400 0
074 T000400 0
074 U010400 0
074 U020400 0
074 V010400 0.00
074 V020400 0.00
074 W000400 0.0000
074 X000400 0
074 Y000400 0
075 A000400 0
075 B000400 0
076 000400 0.00
008 A000501 ROYCE & ASSOCIATES, INC.
008 B000501 A
008 C000501 801-8268
008 D010501 NEW YORK
008 D020501 NY
008 D030501 10019
028 A010500 6331
028 A020500 0
028 A030500 0
028 A040500 3984
028 B010500 4854
028 B020500 0
028 B030500 0
028 B040500 2937
028 C010500 16600
028 C020500 0
028 C030500 0
028 C040500 3500
028 D010500 15165
<PAGE> PAGE 19
028 D020500 0
028 D030500 0
028 D040500 14631
028 E010500 10705
028 E020500 0
028 E030500 0
028 E040500 6735
028 F010500 9613
028 F020500 13666
028 F030500 0
028 F040500 7078
028 G010500 63268
028 G020500 13666
028 G030500 0
028 G040500 38865
028 H000500 0
037 000500 Y
038 000500 23
039 000500 N
040 000500 Y
041 000500 Y
042 A000500 0
042 B000500 0
042 C000500 0
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 0
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 1.500
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
<PAGE> PAGE 20
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 Y
053 B000500 Y
053 C000500 N
066 A000500 Y
066 B000500 N
066 C000500 Y
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
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 Y
070 L020500 Y
070 M010500 N
070 M020500 N
070 N010500 Y
<PAGE> PAGE 21
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 Y
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 66263
071 B000500 57148
071 C000500 150588
071 D000500 38
072 A000500 12
072 B000500 659
072 C000500 1841
072 D000500 0
072 E000500 0
072 F000500 1938
072 G000500 0
072 H000500 68
072 I000500 113
072 J000500 76
072 K000500 70
072 L000500 46
072 M000500 27
072 N000500 21
072 O000500 1
072 P000500 0
072 Q000500 0
072 R000500 23
072 S000500 9
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 41
072 X000500 2433
072 Y000500 0
072 Z000500 67
072AA000500 13410
072BB000500 0
072CC010500 21411
072CC020500 0
072DD010500 0
072DD020500 0
072EE000500 14660
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.7500
073 C000500 0.0000
074 A000500 72
<PAGE> PAGE 22
074 B000500 22000
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 178580
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 207
074 K000500 0
074 L000500 1036
074 M000500 0
074 N000500 201895
074 O000500 1615
074 P000500 219
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 424
074 S000500 0
074 T000500 199637
074 U010500 21243
074 U020500 0
074 V010500 9.40
074 V020500 0.00
074 W000500 0.0000
074 X000500 11694
074 Y000500 0
075 A000500 0
075 B000500 163297
076 000500 0.00
008 A000601 ROYCE & ASSOCIATES, INC.
008 B000601 A
008 C000601 801-8268
008 D010601 NEW YORK
008 D020601 NY
008 D030601 10019
028 A010600 23718
028 A020600 0
028 A030600 0
028 A040600 6220
028 B010600 21901
028 B020600 0
028 B030600 0
028 B040600 5491
028 C010600 51499
028 C020600 0
028 C030600 0
028 C040600 4503
028 D010600 26264
<PAGE> PAGE 23
028 D020600 0
028 D030600 0
028 D040600 15391
028 E010600 13471
028 E020600 0
028 E030600 0
028 E040600 8487
028 F010600 12974
028 F020600 30221
028 F030600 0
028 F040600 16366
028 G010600 149827
028 G020600 30221
028 G030600 0
028 G040600 56458
028 H000600 0
037 000600 Y
038 000600 13
039 000600 N
040 000600 Y
041 000600 N
042 A000600 0
042 B000600 0
042 C000600 0
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 0
044 000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 1.000
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
<PAGE> PAGE 24
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 Y
053 B000600 Y
053 C000600 N
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 Y
066 E000600 N
066 F000600 N
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 N
070 J020600 N
070 K010600 N
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 N
070 M020600 N
070 N010600 Y
<PAGE> PAGE 25
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 Y
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 224125
071 B000600 67138
071 C000600 381788
071 D000600 18
072 A000600 12
072 B000600 3965
072 C000600 6590
072 D000600 0
072 E000600 0
072 F000600 4320
072 G000600 0
072 H000600 179
072 I000600 285
072 J000600 115
072 K000600 124
072 L000600 96
072 M000600 67
072 N000600 32
072 O000600 1
072 P000600 0
072 Q000600 0
072 R000600 40
072 S000600 10
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 100
072 X000600 5369
072 Y000600 0
072 Z000600 5186
072AA000600 24052
072BB000600 0
072CC010600 33006
072CC020600 0
072DD010600 5133
072DD020600 0
072EE000600 26953
073 A010600 0.0880
073 A020600 0.0000
073 B000600 0.4620
073 C000600 0.0000
074 A000600 83
<PAGE> PAGE 26
074 B000600 32600
074 C000600 0
074 D000600 34571
074 E000600 0
074 F000600 464359
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 1003
074 K000600 0
074 L000600 3623
074 M000600 0
074 N000600 536239
074 O000600 585
074 P000600 457
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 2056
074 S000600 0
074 T000600 533141
074 U010600 61303
074 U020600 0
074 V010600 8.70
074 V020600 0.00
074 W000600 0.0000
074 X000600 24734
074 Y000600 0
075 A000600 0
075 B000600 431966
076 000600 0.00
008 A000701 ROYCE & ASSOCIATES, INC.
008 B000701 A
008 C000701 801-8268
008 D010701 NEW YORK
008 D020701 NY
008 D030701 10019
028 A010700 483
028 A020700 0
028 A030700 0
028 A040700 460
028 B010700 653
028 B020700 0
028 B030700 0
028 B040700 538
028 C010700 258
028 C020700 0
028 C030700 0
028 C040700 73
028 D010700 537
<PAGE> PAGE 27
028 D020700 0
028 D030700 0
028 D040700 897
028 E010700 1181
028 E020700 0
028 E030700 0
028 E040700 875
028 F010700 249
028 F020700 1599
028 F030700 0
028 F040700 496
028 G010700 3361
028 G020700 1599
028 G030700 0
028 G040700 3339
028 H000700 0
037 000700 Y
038 000700 0
039 000700 N
040 000700 Y
041 000700 N
042 A000700 0
042 B000700 0
042 C000700 0
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 0
044 000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 1.500
048 A010700 0
048 A020700 0.000
048 B010700 0
048 B020700 0.000
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
<PAGE> PAGE 28
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 0
048 K020700 0.000
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 Y
053 B000700 Y
053 C000700 N
066 A000700 Y
066 B000700 N
066 C000700 Y
066 D000700 N
066 E000700 N
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 N
070 J020700 N
070 K010700 N
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 N
070 M020700 N
070 N010700 Y
<PAGE> PAGE 29
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 15281
071 B000700 16691
071 C000700 15468
071 D000700 99
072 A000700 12
072 B000700 56
072 C000700 117
072 D000700 0
072 E000700 0
072 F000700 147
072 G000700 0
072 H000700 7
072 I000700 19
072 J000700 23
072 K000700 10
072 L000700 10
072 M000700 3
072 N000700 15
072 O000700 1
072 P000700 0
072 Q000700 0
072 R000700 11
072 S000700 1
072 T000700 0
072 U000700 2
072 V000700 0
072 W000700 4
072 X000700 253
072 Y000700 0
072 Z000700 -80
072AA000700 1444
072BB000700 0
072CC010700 1638
072CC020700 0
072DD010700 0
072DD020700 0
072EE000700 1717
073 A010700 0.0000
073 A020700 0.0000
073 B000700 0.7100
073 C000700 0.0000
074 A000700 16
<PAGE> PAGE 30
074 B000700 1800
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 16530
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 215
074 K000700 0
074 L000700 68
074 M000700 1
074 N000700 18630
074 O000700 485
074 P000700 16
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 33
074 S000700 0
074 T000700 18096
074 U010700 2655
074 U020700 0
074 V010700 6.82
074 V020700 0.00
074 W000700 0.0000
074 X000700 1338
074 Y000700 0
075 A000700 0
075 B000700 17036
076 000700 0.00
008 A000801 ROYCE & ASSOCIATES, INC.
008 B000801 A
008 C000801 801-8268
008 D010801 NEW YORK
008 D020801 NY
008 D030801 10019
028 A010800 6893
028 A020800 0
028 A030800 0
028 A040800 1171
028 B010800 4654
028 B020800 0
028 B030800 0
028 B040800 1721
028 C010800 10984
028 C020800 0
028 C030800 0
028 C040800 1776
028 D010800 9847
<PAGE> PAGE 31
028 D020800 0
028 D030800 0
028 D040800 3252
028 E010800 11880
028 E020800 0
028 E030800 0
028 E040800 4455
028 F010800 19444
028 F020800 3421
028 F030800 0
028 F040800 2287
028 G010800 63702
028 G020800 3421
028 G030800 0
028 G040800 14662
028 H000800 0
037 000800 Y
038 000800 9
039 000800 N
040 000800 Y
041 000800 N
042 A000800 0
042 B000800 0
042 C000800 0
042 D000800 0
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 0
044 000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 1.000
048 A010800 0
048 A020800 0.000
048 B010800 0
048 B020800 0.000
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
<PAGE> PAGE 32
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 0
048 K020800 0.000
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 Y
053 B000800 Y
053 C000800 N
066 A000800 Y
066 B000800 N
066 C000800 N
066 D000800 N
066 E000800 Y
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 Y
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 N
070 J020800 N
070 K010800 N
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 N
070 M020800 N
070 N010800 Y
<PAGE> PAGE 33
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 68120
071 B000800 7518
071 C000800 29185
071 D000800 26
072 A000800 12
072 B000800 888
072 C000800 1480
072 D000800 0
072 E000800 0
072 F000800 445
072 G000800 0
072 H000800 12
072 I000800 49
072 J000800 34
072 K000800 30
072 L000800 22
072 M000800 3
072 N000800 34
072 O000800 1
072 P000800 0
072 Q000800 0
072 R000800 29
072 S000800 2
072 T000800 0
072 U000800 3
072 V000800 0
072 W000800 8
072 X000800 672
072 Y000800 0
072 Z000800 1696
072AA000800 2348
072BB000800 0
072CC010800 5872
072CC020800 0
072DD010800 1647
072DD020800 0
072EE000800 2179
073 A010800 0.1120
073 A020800 0.0000
073 B000800 0.1480
073 C000800 0.0000
074 A000800 57
<PAGE> PAGE 34
074 B000800 18700
074 C000800 0
074 D000800 22044
074 E000800 0
074 F000800 81397
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 1716
074 M000800 0
074 N000800 123914
074 O000800 2598
074 P000800 96
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 774
074 S000800 0
074 T000800 120446
074 U010800 16024
074 U020800 0
074 V010800 7.52
074 V020800 0.00
074 W000800 0.0000
074 X000800 6962
074 Y000800 0
075 A000800 0
075 B000800 53812
076 000800 0.00
008 A000901 ROYCE, EBRIGHT & ASSOCIATES, INC.
008 B000901 A
008 C000901 801-46726
008 D010901 PORTLAND
008 D020901 ME
008 D030901 04101
028 A010900 931
028 A020900 0
028 A030900 0
028 A040900 4033
028 B010900 258
028 B020900 0
028 B030900 0
028 B040900 13345
028 C010900 376
028 C020900 166
028 C030900 0
028 C040900 4407
028 D010900 29
<PAGE> PAGE 35
028 D020900 0
028 D030900 0
028 D040900 1154
028 E010900 74
028 E020900 0
028 E030900 0
028 E040900 623
028 F010900 59
028 F020900 4611
028 F030900 0
028 F040900 338
028 G010900 1727
028 G020900 4777
028 G030900 0
028 G040900 23900
028 H000900 0
037 000900 Y
038 000900 1
039 000900 N
040 000900 Y
041 000900 N
042 A000900 0
042 B000900 0
042 C000900 0
042 D000900 0
042 E000900 0
042 F000900 0
042 G000900 0
042 H000900 0
043 000900 0
044 000900 0
045 000900 Y
046 000900 N
047 000900 Y
048 000900 0.000
048 A010900 50000
048 A020900 1.000
048 B010900 0
048 B020900 0.000
048 C010900 0
048 C020900 0.000
048 D010900 0
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
<PAGE> PAGE 36
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 50000
048 K020900 0.750
049 000900 N
050 000900 N
051 000900 N
052 000900 N
053 A000900 Y
053 B000900 Y
053 C000900 N
066 A000900 Y
066 B000900 N
066 C000900 N
066 D000900 Y
066 E000900 N
066 F000900 N
066 G000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 N
070 B020900 N
070 C010900 N
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 N
070 J020900 N
070 K010900 N
070 K020900 N
070 L010900 Y
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 Y
<PAGE> PAGE 37
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900 23053
071 B000900 36041
071 C000900 42863
071 D000900 54
072 A000900 12
072 B000900 541
072 C000900 747
072 D000900 0
072 E000900 0
072 F000900 447
072 G000900 0
072 H000900 19
072 I000900 7
072 J000900 30
072 K000900 9
072 L000900 2
072 M000900 9
072 N000900 12
072 O000900 1
072 P000900 0
072 Q000900 0
072 R000900 18
072 S000900 2
072 T000900 0
072 U000900 0
072 V000900 0
072 W000900 12
072 X000900 568
072 Y000900 0
072 Z000900 720
072AA000900 7206
072BB000900 0
072CC010900 2357
072CC020900 0
072DD010900 647
072DD020900 0
072EE000900 4933
073 A010900 0.1900
073 A020900 0.0000
073 B000900 1.8700
073 C000900 0.0000
074 A000900 21
<PAGE> PAGE 38
074 B000900 600
074 C000900 1006
074 D000900 3439
074 E000900 0
074 F000900 34162
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 0
074 K000900 0
074 L000900 102
074 M000900 0
074 N000900 39330
074 O000900 0
074 P000900 33
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 411
074 S000900 0
074 T000900 38886
074 U010900 2992
074 U020900 0
074 V010900 13.00
074 V020900 0.00
074 W000900 0.0000
074 X000900 587
074 Y000900 0
075 A000900 0
075 B000900 44980
076 000900 0.00
008 A001001 ROYCE & ASSOCIATES, INC.
008 B001001 A
008 C001001 801-8268
008 D011001 NEW YORK
008 D021001 NY
008 D031001 10019
028 A011000 59
028 A021000 0
028 A031000 0
028 A041000 5
028 B011000 29
028 B021000 0
028 B031000 0
028 B041000 26
028 C011000 62
028 C021000 0
028 C031000 0
028 C041000 14
028 D011000 38
<PAGE> PAGE 39
028 D021000 0
028 D031000 0
028 D041000 25
028 E011000 38
028 E021000 0
028 E031000 0
028 E041000 22
028 F011000 13
028 F021000 325
028 F031000 0
028 F041000 33
028 G011000 239
028 G021000 325
028 G031000 0
028 G041000 125
028 H001000 0
037 001000 Y
038 001000 0
039 001000 N
040 001000 Y
041 001000 N
042 A001000 0
042 B001000 0
042 C001000 0
042 D001000 0
042 E001000 0
042 F001000 0
042 G001000 0
042 H001000 0
043 001000 0
044 001000 0
045 001000 Y
046 001000 N
047 001000 Y
048 001000 1.500
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
<PAGE> PAGE 40
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 0
048 K021000 0.000
049 001000 N
050 001000 N
051 001000 N
052 001000 N
053 A001000 Y
053 B001000 Y
053 C001000 N
066 A001000 Y
066 B001000 N
066 C001000 Y
066 D001000 N
066 E001000 N
066 F001000 N
066 G001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 Y
070 B011000 Y
070 B021000 N
070 C011000 Y
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 N
070 J021000 N
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 Y
070 M011000 N
070 M021000 N
070 N011000 Y
<PAGE> PAGE 41
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000 1268
071 B001000 1665
071 C001000 1935
071 D001000 66
072 A001000 12
072 B001000 0
072 C001000 34
072 D001000 0
072 E001000 0
072 F001000 4
072 G001000 0
072 H001000 1
072 I001000 1
072 J001000 7
072 K001000 2
072 L001000 1
072 M001000 0
072 N001000 6
072 O001000 1
072 P001000 0
072 Q001000 0
072 R001000 6
072 S001000 0
072 T001000 0
072 U001000 4
072 V001000 0
072 W001000 0
072 X001000 33
072 Y001000 0
072 Z001000 1
072AA001000 415
072BB001000 0
072CC011000 0
072CC021000 45
072DD011000 5
072DD021000 0
072EE001000 325
073 A011000 0.0150
073 A021000 0.0000
073 B001000 0.9650
073 C001000 0.0000
074 A001000 76
<PAGE> PAGE 42
074 B001000 400
074 C001000 0
074 D001000 39
074 E001000 0
074 F001000 1870
074 G001000 0
074 H001000 0
074 I001000 0
074 J001000 5
074 K001000 0
074 L001000 5
074 M001000 7
074 N001000 2402
074 O001000 0
074 P001000 0
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 6
074 S001000 0
074 T001000 2396
074 U011000 386
074 U021000 0
074 V011000 6.21
074 V021000 0.00
074 W001000 0.0000
074 X001000 115
074 Y001000 0
075 A001000 0
075 B001000 2218
076 001000 0.00
008 A001101 ROYCE & ASSOCIATES, INC.
008 B001101 A
008 C001101 801-8268
008 D011101 NEW YORK
008 D021101 NY
008 D031101 10019
028 A011100 299
028 A021100 0
028 A031100 0
028 A041100 1
028 B011100 129
028 B021100 0
028 B031100 0
028 B041100 0
028 C011100 402
028 C021100 0
028 C031100 0
028 C041100 0
028 D011100 278
<PAGE> PAGE 43
028 D021100 0
028 D031100 0
028 D041100 0
028 E011100 250
028 E021100 0
028 E031100 0
028 E041100 0
028 F011100 550
028 F021100 189
028 F031100 0
028 F041100 17
028 G011100 1908
028 G021100 189
028 G031100 0
028 G041100 18
028 H001100 0
037 001100 Y
038 001100 0
039 001100 N
040 001100 Y
041 001100 N
042 A001100 0
042 B001100 0
042 C001100 0
042 D001100 0
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 1.250
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
048 F021100 0.000
048 G011100 0
048 G021100 0.000
048 H011100 0
048 H021100 0.000
<PAGE> PAGE 44
048 I011100 0
048 I021100 0.000
048 J011100 0
048 J021100 0.000
048 K011100 0
048 K021100 0.000
049 001100 N
050 001100 N
051 001100 N
052 001100 N
053 A001100 N
066 A001100 Y
066 B001100 N
066 C001100 Y
066 D001100 N
066 E001100 N
066 F001100 N
066 G001100 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 N
070 D021100 N
070 E011100 N
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 N
070 J021100 N
070 K011100 N
070 K021100 N
070 L011100 Y
070 L021100 Y
070 M011100 N
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
<PAGE> PAGE 45
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100 2604
071 B001100 942
071 C001100 1461
071 D001100 64
072 A001100 12
072 B001100 0
072 C001100 22
072 D001100 0
072 E001100 0
072 F001100 0
072 G001100 0
072 H001100 1
072 I001100 8
072 J001100 8
072 K001100 3
072 L001100 2
072 M001100 0
072 N001100 14
072 O001100 1
072 P001100 0
072 Q001100 0
072 R001100 9
072 S001100 0
072 T001100 0
072 U001100 4
072 V001100 0
072 W001100 1
072 X001100 51
072 Y001100 23
072 Z001100 -6
072AA001100 192
072BB001100 0
072CC011100 221
072CC021100 0
072DD011100 0
072DD021100 0
072EE001100 189
073 A011100 0.0000
073 A021100 0.0000
073 B001100 0.4300
073 C001100 0.0000
074 A001100 112
074 B001100 800
074 C001100 0
<PAGE> PAGE 46
074 D001100 0
074 E001100 0
074 F001100 2728
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 0
074 K001100 0
074 L001100 81
074 M001100 12
074 N001100 3733
074 O001100 0
074 P001100 0
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 12
074 S001100 0
074 T001100 3721
074 U011100 523
074 U021100 16
074 V011100 6.91
074 V021100 6.88
074 W001100 0.0000
074 X001100 399
074 Y001100 0
075 A001100 0
075 B001100 1887
076 001100 0.00
008 A001201 ROYCE & ASSOCIATES, INC.
008 B001201 A
008 C001201 801-8268
008 D011201 NEW YORK
008 D021201 NY
008 D031201 10019
028 A011200 5685
028 A021200 0
028 A031200 0
028 A041200 9095
028 B011200 21283
028 B021200 0
028 B031200 0
028 B041200 6711
028 C011200 6785
028 C021200 0
028 C031200 0
028 C041200 6460
028 D011200 5055
028 D021200 0
028 D031200 0
<PAGE> PAGE 47
028 D041200 19038
028 E011200 1918
028 E021200 0
028 E031200 0
028 E041200 4798
028 F011200 2222
028 F021200 72505
028 F031200 0
028 F041200 5969
028 G011200 42948
028 G021200 72505
028 G031200 0
028 G041200 52071
028 H001200 0
037 001200 Y
038 001200 8
039 001200 N
040 001200 Y
041 001200 Y
042 A001200 0
042 B001200 0
042 C001200 0
042 D001200 0
042 E001200 0
042 F001200 0
042 G001200 0
042 H001200 0
043 001200 542
044 001200 0
045 001200 Y
046 001200 N
047 001200 Y
048 001200 0.000
048 A011200 50000
048 A021200 1.000
048 B011200 50000
048 B021200 0.875
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
<PAGE> PAGE 48
048 J011200 0
048 J021200 0.000
048 K011200 100000
048 K021200 0.750
049 001200 N
050 001200 N
051 001200 N
052 001200 N
053 A001200 N
066 A001200 Y
066 B001200 N
066 C001200 Y
066 D001200 N
066 E001200 N
066 F001200 N
066 G001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
070 A011200 Y
070 A021200 Y
070 B011200 N
070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 N
070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 N
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
<PAGE> PAGE 49
070 P021200 Y
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200 83537
071 B001200 136061
071 C001200 454187
071 D001200 18
072 A001200 12
072 B001200 1829
072 C001200 8939
072 D001200 0
072 E001200 0
072 F001200 4380
072 G001200 0
072 H001200 225
072 I001200 353
072 J001200 132
072 K001200 183
072 L001200 152
072 M001200 92
072 N001200 23
072 O001200 1
072 P001200 0
072 Q001200 0
072 R001200 63
072 S001200 34
072 T001200 543
072 U001200 0
072 V001200 0
072 W001200 178
072 X001200 6359
072 Y001200 0
072 Z001200 4409
072AA001200 57122
072BB001200 0
072CC011200 59891
072CC021200 0
072DD011200 3514
072DD021200 659
072EE001200 75231
073 A011200 0.0610
073 A021200 0.0380
073 B001200 0.9990
073 C001200 0.0000
074 A001200 79
074 B001200 36300
074 C001200 0
074 D001200 0
074 E001200 507
<PAGE> PAGE 50
074 F001200 623903
074 G001200 0
074 H001200 0
074 I001200 8716
074 J001200 13
074 K001200 0
074 L001200 1257
074 M001200 10
074 N001200 670785
074 O001200 1545
074 P001200 436
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 9221
074 S001200 0
074 T001200 659583
074 U011200 64924
074 U021200 19457
074 V011200 7.82
074 V021200 7.81
074 W001200 0.0000
074 X001200 24838
074 Y001200 0
075 A001200 0
075 B001200 629270
076 001200 0.00
008 A001301 ROYCE & ASSOCIATES, INC.
008 B001301 A
008 C001301 801-8268
008 D011301 NEW YORK
008 D021301 NY
008 D031301 10019
028 A011300 142
028 A021300 0
028 A031300 0
028 A041300 157
028 B011300 51
028 B021300 0
028 B031300 0
028 B041300 30
028 C011300 368
028 C021300 0
028 C031300 0
028 C041300 49
028 D011300 71
028 D021300 0
028 D031300 0
028 D041300 287
028 E011300 47
<PAGE> PAGE 51
028 E021300 0
028 E031300 0
028 E041300 78
028 F011300 1257
028 F021300 1389
028 F031300 0
028 F041300 436
028 G011300 1936
028 G021300 1389
028 G031300 0
028 G041300 1037
028 H001300 0
037 001300 N
038 001300 0
039 001300 N
040 001300 Y
041 001300 N
042 A001300 0
042 B001300 0
042 C001300 0
042 D001300 0
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 1.000
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
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
<PAGE> PAGE 52
048 K011300 0
048 K021300 0.000
049 001300 N
050 001300 N
051 001300 N
052 001300 N
053 A001300 N
066 A001300 Y
066 B001300 N
066 C001300 Y
066 D001300 N
066 E001300 N
066 F001300 N
066 G001300 N
067 001300 N
068 A001300 N
068 B001300 N
069 001300 N
070 A011300 Y
070 A021300 Y
070 B011300 N
070 B021300 N
070 C011300 N
070 C021300 N
070 D011300 N
070 D021300 N
070 E011300 N
070 E021300 N
070 F011300 N
070 F021300 N
070 G011300 N
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 N
070 L011300 Y
070 L021300 Y
070 M011300 N
070 M021300 N
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 Y
070 P021300 Y
070 Q011300 N
<PAGE> PAGE 53
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300 15820
071 B001300 14230
071 C001300 18454
071 D001300 77
072 A001300 12
072 B001300 45
072 C001300 397
072 D001300 0
072 E001300 0
072 F001300 85
072 G001300 0
072 H001300 8
072 I001300 25
072 J001300 23
072 K001300 11
072 L001300 7
072 M001300 4
072 N001300 14
072 O001300 1
072 P001300 0
072 Q001300 0
072 R001300 19
072 S001300 1
072 T001300 0
072 U001300 5
072 V001300 0
072 W001300 -6
072 X001300 197
072 Y001300 0
072 Z001300 245
072AA001300 1811
072BB001300 0
072CC011300 1644
072CC021300 0
072DD011300 271
072DD021300 0
072EE001300 1221
073 A011300 0.0800
073 A021300 0.0000
073 B001300 0.3600
073 C001300 0.0000
074 A001300 229
074 B001300 1200
074 C001300 0
074 D001300 0
074 E001300 0
074 F001300 21011
074 G001300 0
<PAGE> PAGE 54
074 H001300 0
074 I001300 0
074 J001300 0
074 K001300 0
074 L001300 40
074 M001300 19
074 N001300 22499
074 O001300 224
074 P001300 13
074 Q001300 0
074 R011300 0
074 R021300 0
074 R031300 0
074 R041300 18
074 S001300 0
074 T001300 22244
074 U011300 3759
074 U021300 0
074 V011300 5.92
074 V021300 0.00
074 W001300 0.0000
074 X001300 1104
074 Y001300 0
075 A001300 0
075 B001300 19925
076 001300 0.00
008 A001401 ROYCE & ASSOCIATES, INC.
008 B001401 A
008 C001401 801-8268
008 D011401 NEW YORK
008 D021401 NY
008 D031401 10019
028 A011400 0
028 A021400 0
028 A031400 0
028 A041400 0
028 B011400 0
028 B021400 0
028 B031400 0
028 B041400 0
028 C011400 0
028 C021400 0
028 C031400 0
028 C041400 0
028 D011400 0
028 D021400 0
028 D031400 0
028 D041400 0
028 E011400 0
028 E021400 0
028 E031400 0
<PAGE> PAGE 55
028 E041400 0
028 F011400 0
028 F021400 0
028 F031400 0
028 F041400 0
028 G011400 0
028 G021400 0
028 G031400 0
028 G041400 0
028 H001400 0
038 001400 0
039 001400 N
040 001400 Y
041 001400 N
042 A001400 0
042 B001400 0
042 C001400 0
042 D001400 0
042 E001400 0
042 F001400 0
042 G001400 0
042 H001400 0
043 001400 0
044 001400 0
045 001400 Y
046 001400 N
047 001400 Y
048 001400 1.000
048 A011400 0
048 A021400 0.000
048 B011400 0
048 B021400 0.000
048 C011400 0
048 C021400 0.000
048 D011400 0
048 D021400 0.000
048 E011400 0
048 E021400 0.000
048 F011400 0
048 F021400 0.000
048 G011400 0
048 G021400 0.000
048 H011400 0
048 H021400 0.000
048 I011400 0
048 I021400 0.000
048 J011400 0
048 J021400 0.000
048 K011400 0
048 K021400 0.000
049 001400 N
<PAGE> PAGE 56
050 001400 N
051 001400 N
052 001400 N
053 A001400 N
066 A001400 Y
066 B001400 N
066 C001400 Y
066 D001400 N
066 E001400 N
066 F001400 N
066 G001400 N
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
070 A021400 N
070 B011400 N
070 B021400 N
070 C011400 N
070 C021400 N
070 D011400 N
070 D021400 N
070 E011400 N
070 E021400 N
070 F011400 N
070 F021400 N
070 G011400 N
070 G021400 N
070 H011400 N
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 Y
070 L021400 N
070 M011400 N
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 Y
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
<PAGE> PAGE 57
071 A001400 0
071 B001400 0
071 C001400 0
071 D001400 0
072 A001400 0
072 B001400 0
072 C001400 0
072 D001400 0
072 E001400 0
072 F001400 0
072 G001400 0
072 H001400 0
072 I001400 0
072 J001400 0
072 K001400 0
072 L001400 0
072 M001400 0
072 N001400 0
072 O001400 0
072 P001400 0
072 Q001400 0
072 R001400 0
072 S001400 0
072 T001400 0
072 U001400 0
072 V001400 0
072 W001400 0
072 X001400 0
072 Y001400 0
072 Z001400 0
072AA001400 0
072BB001400 0
072CC011400 0
072CC021400 0
072DD011400 0
072DD021400 0
072EE001400 0
073 A011400 0.0000
073 A021400 0.0000
073 B001400 0.0000
073 C001400 0.0000
074 A001400 0
074 B001400 0
074 C001400 0
074 D001400 0
074 E001400 0
074 F001400 0
074 G001400 0
074 H001400 0
074 I001400 0
074 J001400 0
<PAGE> PAGE 58
074 K001400 0
074 L001400 0
074 M001400 0
074 N001400 0
074 O001400 0
074 P001400 0
074 Q001400 0
074 R011400 0
074 R021400 0
074 R031400 0
074 R041400 0
074 S001400 0
074 T001400 0
074 U011400 0
074 U021400 0
074 V011400 0.00
074 V021400 0.00
074 W001400 0.0000
074 X001400 0
074 Y001400 0
075 A001400 0
075 B001400 0
076 001400 0.00
SIGNATURE JOHN E. DENNEEN
TITLE SECRETARY
REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Trustees of
The Royce Fund:
In planning and performing our audit of the financial
statements and financial highlights of The Royce Fund (the
"Fund") for the year ended December 31, 1997, we considered its
internal control, including control over safeguarding
securities, in order to determine our auditing procedures for
the purpose of expressing our opinion on the financial
statements and financial highlights and to comply with the
requirements of Form N-SAR, not to provide assurance on internal
control.
The management of the Fund is responsible for establishing and
maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial
statements and financial highlights for external purposes that
are fairly presented in conformity with generally accepted
accounting principles. Those controls include the safeguarding
of assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal controls, errors or
fraud may occur and may not be detected. Also, projection of
any evaluation of internal control to future periods is subject
to the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and operation
may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American Institute
of Certified Public Accountants. A material weakness is a
condition in which the design or operation of any specific
internal control component does not reduce to a relatively low
level the risk that misstatements due to errors or fraud in
amounts that would be material in relation to the financial
statements and financial highlights being audited may occur and
not be detected within a timely period by employees in the
normal course of performing their assigned functions. However,
we noted no matters involving internal control, including
controls over safeguarding securities, that we consider to be
material weaknesses as defined above as of December 31, 1997.
This report is intended solely for the information and use of
management and the Securities and Exchange Commission.
COOPERS & LYBRAND L.L.P.
Boston, Massachusetts
February 10, 1998
Attachment
Item 77(C)
At a Special Meeting of Shareholders of the Registrant adjourned to and
subsequently held on November 12, 1997, the Shareholders voted on the following
resolutions as follows:
1. Proposal to approve a new investment advisory agreement between The Royce
Fund, on behalf of The REvest Growth & Income Fund, and Royce, Ebright &
Associates, Inc.
Votes Cast for Votes Cast Against Votes Abstained
1,656,300 1,350 3,001
2. Proposal to approve a second investment advisory agreement that will become
effective when voting shares of Royce, Ebright & Associates, Inc. are
distributed by the Estate of Thomas R. Ebright to Jennifer E. Goff and
Ellen S. Ebright.
Votes Cast for Votes Cast Against Votes Abstained
1,656,399 1,350 2,902
At a Special Meeting of Shareholders of the Registrant held on November 25,
1997, the Shareholders approved a change in Royce Global Services Fund's
investment objective and in a related policy to permit the Fund to concentrate
its investments in the financial services industry as follows:
Votes Cast for Votes Cast Against Votes Abstained
236,652 3,314 0
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000709364
<NAME> THE ROYCE FUND
<SERIES>
<NUMBER> 5
<NAME> MICRO-CAP FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 165146926
<INVESTMENTS-AT-VALUE> 200579652
<RECEIVABLES> 1243245
<ASSETS-OTHER> 72260
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 201895157
<PAYABLE-FOR-SECURITIES> 1615136
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 643378
<TOTAL-LIABILITIES> 2258514
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 163313081
<SHARES-COMMON-STOCK> 21243
<SHARES-COMMON-PRIOR> 17369
<ACCUMULATED-NII-CURRENT> 66866
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 802727
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 35432726
<NET-ASSETS> 199636643
<DIVIDEND-INCOME> 1841457
<INTEREST-INCOME> 658530
<OTHER-INCOME> 0
<EXPENSES-NET> 2433121
<NET-INVESTMENT-INCOME> 66866
<REALIZED-GAINS-CURRENT> 13409911
<APPREC-INCREASE-CURRENT> 21410808
<NET-CHANGE-FROM-OPS> 34887585
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 14659824
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 88285531
<NUMBER-OF-SHARES-REDEEMED> 63871463
<SHARES-REINVESTED> 13665774
<NET-CHANGE-IN-ASSETS> 58307603
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2052640
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2449451
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2944845
<AVERAGE-NET-ASSETS> 163296722
<PER-SHARE-NAV-BEGIN> 8.14
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 2.01
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .75
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.40
<EXPENSE-RATIO> 1.49
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000709364
<NAME> THE ROYCE FUND
<SERIES>
<NUMBER> 6
<NAME> PREMIER FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 450706841
<INVESTMENTS-AT-VALUE> 531530046
<RECEIVABLES> 4626157
<ASSETS-OTHER> 83298
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 536239501
<PAYABLE-FOR-SECURITIES> 585097
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2512917
<TOTAL-LIABILITIES> 3098014
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 451937840
<SHARES-COMMON-STOCK> 61303
<SHARES-COMMON-PRIOR> 40594
<ACCUMULATED-NII-CURRENT> 367012
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 47873
<ACCUM-APPREC-OR-DEPREC> 80823205
<NET-ASSETS> 533141487
<DIVIDEND-INCOME> 6590288
<INTEREST-INCOME> 3965170
<OTHER-INCOME> 0
<EXPENSES-NET> 5368983
<NET-INVESTMENT-INCOME> 5186475
<REALIZED-GAINS-CURRENT> 24051632
<APPREC-INCREASE-CURRENT> 33005954
<NET-CHANGE-FROM-OPS> 62244061
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5132573
<DISTRIBUTIONS-OF-GAINS> 26952526
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 253092118
<NUMBER-OF-SHARES-REDEEMED> 97354274
<SHARES-REINVESTED> 30221025
<NET-CHANGE-IN-ASSETS> 216117831
<ACCUMULATED-NII-PRIOR> 337754
<ACCUMULATED-GAINS-PRIOR> 2827216
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4319656
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5368983
<AVERAGE-NET-ASSETS> 431965639
<PER-SHARE-NAV-BEGIN> 7.81
<PER-SHARE-NII> .09
<PER-SHARE-GAIN-APPREC> 1.35
<PER-SHARE-DIVIDEND> .09
<PER-SHARE-DISTRIBUTIONS> .46
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.70
<EXPENSE-RATIO> 1.24
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000709364
<NAME> THE ROYCE FUND
<SERIES>
<NUMBER> 7
<NAME> LOW-PRICED STOCK FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 16792572
<INVESTMENTS-AT-VALUE> 18330468
<RECEIVABLES> 282633
<ASSETS-OTHER> 15808
<OTHER-ITEMS-ASSETS> 1570
<TOTAL-ASSETS> 18630479
<PAYABLE-FOR-SECURITIES> 484520
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49541
<TOTAL-LIABILITIES> 534061
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16548124
<SHARES-COMMON-STOCK> 2655
<SHARES-COMMON-PRIOR> 2526
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7743
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1537896
<NET-ASSETS> 18096418
<DIVIDEND-INCOME> 116960
<INTEREST-INCOME> 56366
<OTHER-INCOME> 0
<EXPENSES-NET> 253619
<NET-INVESTMENT-INCOME> (80293)
<REALIZED-GAINS-CURRENT> 1443527
<APPREC-INCREASE-CURRENT> 1637540
<NET-CHANGE-FROM-OPS> 3000774
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 1717330
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6050197
<NUMBER-OF-SHARES-REDEEMED> 6741432
<SHARES-REINVESTED> 1599306
<NET-CHANGE-IN-ASSETS> 2191515
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 361841
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 255537
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 405037
<AVERAGE-NET-ASSETS> 17035831
<PER-SHARE-NAV-BEGIN> 6.30
<PER-SHARE-NII> (.03)
<PER-SHARE-GAIN-APPREC> 1.26
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .71
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.82
<EXPENSE-RATIO> 1.49
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000709364
<NAME> THE ROYCE FUND
<SERIES>
<NUMBER> 8
<NAME> TOTAL RETURN FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 110642614
<INVESTMENTS-AT-VALUE> 122141255
<RECEIVABLES> 1716138
<ASSETS-OTHER> 56398
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 123913791
<PAYABLE-FOR-SECURITIES> 2597375
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 869954
<TOTAL-LIABILITIES> 3467329
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 108959559
<SHARES-COMMON-STOCK> 16024
<SHARES-COMMON-PRIOR> 991
<ACCUMULATED-NII-CURRENT> 35955
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 63717
<ACCUM-APPREC-OR-DEPREC> 11498641
<NET-ASSETS> 120446462
<DIVIDEND-INCOME> 1480408
<INTEREST-INCOME> 888211
<OTHER-INCOME> 0
<EXPENSES-NET> 672593
<NET-INVESTMENT-INCOME> 1696026
<REALIZED-GAINS-CURRENT> 2348301
<APPREC-INCREASE-CURRENT> 5872331
<NET-CHANGE-FROM-OPS> 9916658
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1647104
<DISTRIBUTIONS-OF-GAINS> 2179092
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 122527854
<NUMBER-OF-SHARES-REDEEMED> 17826184
<SHARES-REINVESTED> 3420793
<NET-CHANGE-IN-ASSETS> 114212925
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 56377
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 538116
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 900520
<AVERAGE-NET-ASSETS> 53811618
<PER-SHARE-NAV-BEGIN> 6.29
<PER-SHARE-NII> .11
<PER-SHARE-GAIN-APPREC> 1.38
<PER-SHARE-DIVIDEND> .11
<PER-SHARE-DISTRIBUTIONS> .15
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.52
<EXPENSE-RATIO> 1.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000709364
<NAME> THE ROYCE FUND
<SERIES>
<NUMBER> 9
<NAME> REVEST GROWTH & INCOME FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 29517229
<INVESTMENTS-AT-VALUE> 39206820
<RECEIVABLES> 101853
<ASSETS-OTHER> 21033
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 39329706
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 444166
<TOTAL-LIABILITIES> 444166
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 29173877
<SHARES-COMMON-STOCK> 2992
<SHARES-COMMON-PRIOR> 3448
<ACCUMULATED-NII-CURRENT> 5877
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13203
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9689591
<NET-ASSETS> 38885540
<DIVIDEND-INCOME> 747181
<INTEREST-INCOME> 541654
<OTHER-INCOME> 0
<EXPENSES-NET> 568420
<NET-INVESTMENT-INCOME> 720415
<REALIZED-GAINS-CURRENT> 7205644
<APPREC-INCREASE-CURRENT> 2357022
<NET-CHANGE-FROM-OPS> 10283081
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 647033
<DISTRIBUTIONS-OF-GAINS> 4933401
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 18205535
<NUMBER-OF-SHARES-REDEEMED> 31286540
<SHARES-REINVESTED> 5165051
<NET-CHANGE-IN-ASSETS> (3213307)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 11703
<OVERDIST-NET-GAINS-PRIOR> 14842
<GROSS-ADVISORY-FEES> 447437
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 568420
<AVERAGE-NET-ASSETS> 44980143
<PER-SHARE-NAV-BEGIN> 12.21
<PER-SHARE-NII> .21
<PER-SHARE-GAIN-APPREC> 2.64
<PER-SHARE-DIVIDEND> .19
<PER-SHARE-DISTRIBUTIONS> 1.87
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.00
<EXPENSE-RATIO> 1.26
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000709364
<NAME> THE ROYCE FUND
<SERIES>
<NUMBER> 10
<NAME> FINANCIAL SERVICES FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 2178281
<INVESTMENTS-AT-VALUE> 2309236
<RECEIVABLES> 9536
<ASSETS-OTHER> 76124
<OTHER-ITEMS-ASSETS> 7166
<TOTAL-ASSETS> 2402062
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6365
<TOTAL-LIABILITIES> 6365
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2120143
<SHARES-COMMON-STOCK> 386
<SHARES-COMMON-PRIOR> 323
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 144213
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 130955
<NET-ASSETS> 2395697
<DIVIDEND-INCOME> 32468
<INTEREST-INCOME> 249
<OTHER-INCOME> 0
<EXPENSES-NET> 33046
<NET-INVESTMENT-INCOME> (329)
<REALIZED-GAINS-CURRENT> 415392
<APPREC-INCREASE-CURRENT> (44868)
<NET-CHANGE-FROM-OPS> 370195
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5069
<DISTRIBUTIONS-OF-GAINS> 325296
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 431866
<NUMBER-OF-SHARES-REDEEMED> 348519
<SHARES-REINVESTED> 324635
<NET-CHANGE-IN-ASSETS> 447812
<ACCUMULATED-NII-PRIOR> 3357
<ACCUMULATED-GAINS-PRIOR> 56870
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 33266
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 67524
<AVERAGE-NET-ASSETS> 2217725
<PER-SHARE-NAV-BEGIN> 6.03
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 1.16
<PER-SHARE-DIVIDEND> .02
<PER-SHARE-DISTRIBUTIONS> .96
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.21
<EXPENSE-RATIO> 1.49
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000709364
<NAME> THE ROYCE FUND
<SERIES>
<NUMBER> 11
<NAME> ROYCE GIFTSHARES FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 3229674
<INVESTMENTS-AT-VALUE> 3528099
<RECEIVABLES> 81617
<ASSETS-OTHER> 111951
<OTHER-ITEMS-ASSETS> 11768
<TOTAL-ASSETS> 3733435
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12272
<TOTAL-LIABILITIES> 12272
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3410613
<SHARES-COMMON-STOCK> 539
<SHARES-COMMON-PRIOR> 183
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11586
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 298425
<NET-ASSETS> 3721163
<DIVIDEND-INCOME> 21610
<INTEREST-INCOME> 157
<OTHER-INCOME> 0
<EXPENSES-NET> 27807
<NET-INVESTMENT-INCOME> (6040)
<REALIZED-GAINS-CURRENT> 192176
<APPREC-INCREASE-CURRENT> 221469
<NET-CHANGE-FROM-OPS> 407605
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 188543
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2172160
<NUMBER-OF-SHARES-REDEEMED> 27676
<SHARES-REINVESTED> 184794
<NET-CHANGE-IN-ASSETS> 2657574
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 13993
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 19859
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 74081
<AVERAGE-NET-ASSETS> 1840478
<PER-SHARE-NAV-BEGIN> 5.83
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> 1.52
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .43
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.91
<EXPENSE-RATIO> 1.49
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000709364
<NAME> THE ROYCE FUND
<SERIES>
<NUMBER> 11
<NAME> ROYCE GIFTSHARES FUND CONSULTANT CLASS
<S> <C>
<PERIOD-TYPE> 2-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 105710
<NUMBER-OF-SHARES-REDEEMED> 411
<SHARES-REINVESTED> 3935
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 46245
<PER-SHARE-NAV-BEGIN> 7.21
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> .11
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .43
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.88
<EXPENSE-RATIO> 2.49
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000709364
<NAME> THE ROYCE FUND
<SERIES>
<NUMBER> 12
<NAME> PENNSYLVANIA MUTUAL FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 413461179
<INVESTMENTS-AT-VALUE> 660709954
<RECEIVABLES> 1270327
<ASSETS-OTHER> 78718
<OTHER-ITEMS-ASSETS> 8726359
<TOTAL-ASSETS> 670785358
<PAYABLE-FOR-SECURITIES> 1545425
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9656567
<TOTAL-LIABILITIES> 11201992
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 410684984
<SHARES-COMMON-STOCK> 84380
<SHARES-COMMON-PRIOR> 64250
<ACCUMULATED-NII-CURRENT> 266266
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1298961
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 247248775
<NET-ASSETS> 659583366
<DIVIDEND-INCOME> 8939040
<INTEREST-INCOME> 1828629
<OTHER-INCOME> 0
<EXPENSES-NET> 6358616
<NET-INVESTMENT-INCOME> 4409053
<REALIZED-GAINS-CURRENT> 57122461
<APPREC-INCREASE-CURRENT> 59891240
<NET-CHANGE-FROM-OPS> 121422754
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4172801
<DISTRIBUTIONS-OF-GAINS> 75230952
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 60713483
<NUMBER-OF-SHARES-REDEEMED> 108160769
<SHARES-REINVESTED> 55324790
<NET-CHANGE-IN-ASSETS> 202715416
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 24562529
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4379842
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6640182
<AVERAGE-NET-ASSETS> 476549166
<PER-SHARE-NAV-BEGIN> 7.11
<PER-SHARE-NII> .07
<PER-SHARE-GAIN-APPREC> 1.70
<PER-SHARE-DIVIDEND> .06
<PER-SHARE-DISTRIBUTIONS> 1.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.82
<EXPENSE-RATIO> 1.05
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000709364
<NAME> THE ROYCE FUND
<SERIES>
<NUMBER> 12
<NAME> PENNSYLVANIA MUTUAL FUND CONSULTANT CLASS
<S> <C>
<PERIOD-TYPE> 7-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 145828812
<NUMBER-OF-SHARES-REDEEMED> 10190290
<SHARES-REINVESTED> 17180389
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 152720432
<PER-SHARE-NAV-BEGIN> 7.90
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> .93
<PER-SHARE-DIVIDEND> .04
<PER-SHARE-DISTRIBUTIONS> 1.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.81
<EXPENSE-RATIO> 1.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000709364
<NAME> THE ROYCE FUND
<SERIES>
<NUMBER> 13
<NAME> PMF II
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 20094871
<INVESTMENTS-AT-VALUE> 22210793
<RECEIVABLES> 40617
<ASSETS-OTHER> 228507
<OTHER-ITEMS-ASSETS> 19357
<TOTAL-ASSETS> 22499274
<PAYABLE-FOR-SECURITIES> 224261
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 31513
<TOTAL-LIABILITIES> 255774
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19545608
<SHARES-COMMON-STOCK> 3759
<SHARES-COMMON-PRIOR> 3394
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 578211
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2115922
<NET-ASSETS> 22243500
<DIVIDEND-INCOME> 397058
<INTEREST-INCOME> 45208
<OTHER-INCOME> 0
<EXPENSES-NET> 196871
<NET-INVESTMENT-INCOME> 245395
<REALIZED-GAINS-CURRENT> 1811059
<APPREC-INCREASE-CURRENT> 1644420
<NET-CHANGE-FROM-OPS> 3700874
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 271235
<DISTRIBUTIONS-OF-GAINS> 1220556
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3475010
<NUMBER-OF-SHARES-REDEEMED> 2686425
<SHARES-REINVESTED> 1388651
<NET-CHANGE-IN-ASSETS> 4386319
<ACCUMULATED-NII-PRIOR> 10978
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 2872
<GROSS-ADVISORY-FEES> 199251
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 311379
<AVERAGE-NET-ASSETS> 19925062
<PER-SHARE-NAV-BEGIN> 5.26
<PER-SHARE-NII> .07
<PER-SHARE-GAIN-APPREC> 1.03
<PER-SHARE-DIVIDEND> .08
<PER-SHARE-DISTRIBUTIONS> .36
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 5.92
<EXPENSE-RATIO> .99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
