<PAGE>
PAGE 1
000 B000000 12/31/96
000 C000000 0000716788
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 LORD ABBETT MID-CAP VALUE FUND, INC.
001 B000000 811-3691
001 C000000 2128481870
002 A000000 767 FIFTH AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10153
002 D020000 0101
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 LORD, ABBETT & CO.
008 B000001 A
008 C000001 801-6997
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10153
008 D040001 0101
011 A000001 LORD, ABBETT & CO.
011 B000001 8-216
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10153
011 C040001 0101
012 A000001 DST SYSTEMS, INC.
012 B000001 84-448
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64141
<PAGE>
PAGE 2
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10048
015 A000001 THE BANK OF NEW YORK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10015
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 31
019 C000000 LORDABBETT
020 A000001 DONALDSON, LUFKIN & JENRETTE SECURITIES
020 B000001 13-2741729
020 C000001 47
020 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000002 13-5674085
020 C000002 40
020 A000003 SMITH BARNEY, HARRIS UPHAN & CO., INC.
020 B000003 13-1912900
020 C000003 36
020 A000004 GOLDMAN, SACHS & CO.
020 B000004 13-1508880
020 C000004 23
020 A000005 PAINE WEBBER INC.
020 B000005 13-2638166
020 C000005 22
020 A000006 A.G. EDWARDS & SONS, INC.
020 B000006 43-0895447
020 C000006 20
020 A000007 CS FIRST BOSTON CORP.
020 B000007 13-5659485
020 C000007 18
020 A000008 JEFFERSON & CO., INC.
020 B000008 95-2622900
020 C000008 15
020 A000009 SALOMON BROTHERS, INC.
020 B000009 13-3082694
020 C000009 10
020 A000010 MORGAN STANLEY & CO., INC.
020 B000010 13-2655998
020 C000010 13
021 000000 430
022 A000001 AMERICAN EXPRESS CREDIT CO.
022 B000001 11-1988350
022 C000001 318100
022 D000001 313900
022 A000002 GENERAL ELECTRIC CAPITAL CORP.
022 B000002 13-5100700
<PAGE>
PAGE 3
022 C000002 254800
022 D000002 254800
022 A000003 FORD MOTOR CREDIT CO.
022 B000003 38-1612444
022 C000003 222200
022 D000003 224000
022 A000004 PRUDENTIAL FUNDING CORP.
022 B000004 22-2231168
022 C000004 181700
022 D000004 183800
022 A000005 CHEVRON OIL FINANCE CO.
022 B000005 25-1215010
022 C000005 112550
022 D000005 112550
022 A000006 EXXON CREDIT CORP.
022 B000006 13-3072652
022 C000006 4100
022 D000006 4100
022 A000007 ASSOCIATES CORP. OF NORTH AMERICA
022 B000007 74-1494554
022 C000007 3500
022 D000007 3500
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 1096950
023 D000000 1096650
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
027 000000 Y
028 A010000 1166
028 A020000 100
028 A030000 0
<PAGE>
PAGE 4
028 A040000 1870
028 B010000 1231
028 B020000 0
028 B030000 0
028 B040000 4871
028 C010000 1439
028 C020000 0
028 C030000 0
028 C040000 1689
028 D010000 1007
028 D020000 0
028 D030000 0
028 D040000 2050
028 E010000 2738
028 E020000 0
028 E030000 0
028 E040000 1684
028 F010000 2489
028 F020000 0
028 F030000 0
028 F040000 4657
028 G010000 10070
028 G020000 100
028 G030000 0
028 G040000 16821
028 H000000 10070
029 000000 Y
030 A000000 337
030 B000000 5.75
030 C000000 0.00
031 A000000 46
031 B000000 0
032 000000 291
033 000000 0
034 000000 Y
035 000000 0
036 A000000 Y
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 100
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
<PAGE>
PAGE 5
043 000000 580
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 200000
048 A020000 0.750
048 B010000 300000
048 B020000 0.650
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 500000
048 K020000 0.500
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 N
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
<PAGE>
PAGE 6
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 250
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
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 E000000 Y
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
<PAGE>
PAGE 7
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 87849
071 B000000 101242
071 C000000 225953
071 D000000 39
072 A000000 12
072 B000000 537
072 C000000 4993
072 D000000 0
072 E000000 0
072 F000000 1734
072 G000000 0
072 H000000 0
072 I000000 310
072 J000000 0
072 K000000 0
072 L000000 105
072 M000000 7
072 N000000 35
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 48
072 S000000 7
072 T000000 580
072 U000000 0
072 V000000 0
072 W000000 50
072 X000000 2876
072 Y000000 0
072 Z000000 2654
072AA000000 31010
072BB000000 5548
072CC010000 17867
072CC020000 0
<PAGE>
PAGE 8
072DD010000 2962
072DD020000 0
072EE000000 19436
073 A010000 0.1600
073 A020000 0.0000
073 B000000 1.0500
073 C000000 0.0000
074 A000000 413
074 B000000 0
074 C000000 13900
074 D000000 0
074 E000000 0
074 F000000 244882
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 728
074 M000000 4
074 N000000 259927
074 O000000 2111
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 668
074 S000000 0
074 T000000 257148
074 U010000 19346
074 U020000 0
074 V010000 13.29
074 V020000 0.00
074 W000000 0.0000
074 X000000 12214
074 Y000000 0
075 A000000 0
075 B000000 235953
076 000000 0.00
077 A000000 Y
077 B000000 Y
078 000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000 15000
081 A000000 Y
081 B000000 30
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
<PAGE>
PAGE 9
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE JOSEPH VAN DYKE
TITLE ASSISTANT TREASURER
<PAGE>
Board of Directors
Lord Abbett Mid-Cap Value Fund, Inc.:
In planning and performing our audit of the financial statements of Lord Abbett
Mid-Cap Value Fund, Inc. (the "Fund") for the year ended December 31, 1996, we
considered its internal control structure, including procedures for safeguarding
securities, in order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on the internal control
structure.
The management of the Fund is responsible for establishing and maintaining an
adequate internal control structure. In fulfilling this responsibility,
estimates and judgments by management are required to assess the expected
benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure 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 the internal control structure would not necessarily
disclose all matters in the internal control structure 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 the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements 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 the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1996.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
February 5, 1997
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000716788
<NAME> LORD ABBETT MID-CAP VALUE FUND, INC.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 188166293
<INVESTMENTS-AT-VALUE> 244881990
<RECEIVABLES> 732059
<ASSETS-OTHER> 413421
<OTHER-ITEMS-ASSETS> 13900000
<TOTAL-ASSETS> 259927470
<PAYABLE-FOR-SECURITIES> 2110632
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 669020
<TOTAL-LIABILITIES> 2779652
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 171699870
<SHARES-COMMON-STOCK> 19346102
<SHARES-COMMON-PRIOR> 18649432
<ACCUMULATED-NII-CURRENT> 3657665
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 27131690
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 56715697
<NET-ASSETS> 257147818
<DIVIDEND-INCOME> 4992892
<INTEREST-INCOME> 537461
<OTHER-INCOME> 0
<EXPENSES-NET> 2876210
<NET-INVESTMENT-INCOME> 2654143
<REALIZED-GAINS-CURRENT> 25461909
<APPREC-INCREASE-CURRENT> 17866612
<NET-CHANGE-FROM-OPS> 45982664
<EQUALIZATION> (42257)
<DISTRIBUTIONS-OF-INCOME> 2962616
<DISTRIBUTIONS-OF-GAINS> 19436362
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1578024
<NUMBER-OF-SHARES-REDEEMED> 2748622
<SHARES-REINVESTED> 1867268
<NET-CHANGE-IN-ASSETS> 29999243
<ACCUMULATED-NII-PRIOR> 4013395
<ACCUMULATED-GAINS-PRIOR> 20132871
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1733689
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2876210
<AVERAGE-NET-ASSETS> 236598702
<PER-SHARE-NAV-BEGIN> 12.18
<PER-SHARE-NII> .13
<PER-SHARE-GAIN-APPREC> 2.19
<PER-SHARE-DIVIDEND> .16
<PER-SHARE-DISTRIBUTIONS> 1.05
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.29
<EXPENSE-RATIO> 1.22
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
