NICHOLAS FUND INC
NSAR-A, 1997-11-26
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<PAGE>      PAGE  1
000 A000000 09/30/97
000 C000000 0000071958
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 NICHOLAS FUND, INC.
001 B000000 811-1728
001 C000000 4142724650
002 A000000 700 NORTH WATER STREET, SUITE 1010
002 B000000 MILWAUKEE
002 C000000 WI
002 D010000 53202
002 D020000 4276
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
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007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
020 A000001 BEAR STEARNS
020 B000001 13-4946705
020 C000001     86
020 A000002 RAGEN MACKENZIE
020 B000002 91-1374280
020 C000002     83
020 A000003 STANDARD & POORS CORPORATION
020 B000003 13-2671951
020 C000003     78
020 A000004 SCOTT & STRINGFELLOW
020 B000004 54-0957557
020 C000004     68
020 A000005 MCDONALD & CO.
020 B000005 34-1391952
020 C000005     66
020 A000006 SMITH BARNEY
020 B000006 13-1912900
020 C000006     52
<PAGE>      PAGE  2
020 A000007 WISCONSIN DISCOUNT SERVICES
020 B000007 39-1259164
020 C000007     47
020 A000008 CLEARY GULL
020 B000008 39-1567700
020 C000008     43
020 A000009 HOEFER & ARNET
020 B000009 94-2831518
020 C000009     38
020 A000010 DONALDSON, LUFKIN & JENRETTE
020 B000010 13-2741729
020 C000010     35
021  000000      958
022 A000001 FIRST BOSTON
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022 C000002    268344
022 D000002         0
022 A000003 FIRSTAR TRUST CO.
022 B000003 39-0281260
022 C000003     80079
022 D000003     82700
022 A000004 MARSHALL & ILSLEY
022 B000004 39-1610688
022 C000004    120379
022 D000004         0
022 A000005 FIRSTAR INVESTMENT
022 B000005 39-0281225
022 C000005    109792
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022 A000006 MORGAN STANLEY
022 B000006 13-2655978
022 C000006     73216
022 D000006         0
022 A000007 MERRILL LYNCH
022 B000007 39-1035790
022 C000007     70741
022 D000007         0
022 A000008 DILLION REED
022 B000008 13-1939216
022 C000008     11563
022 D000008         0
022 A000009 BEAR STEARNS
022 B000009 13-4946705
022 C000009         0
022 D000009      9209
022 A000010 VECTOR SECURITIES
022 B000010 36-3565040
<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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SIGNATURE   THOMAS J. SAEGER                             
TITLE       EX VICE-PRESIDENT   
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000071958
<NAME> NICHOLAS FUND, INC.
       
<S>                             <C>
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<PERIOD-END>                               SEP-30-1997
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<ASSETS-OTHER>                                 1065151
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<TOTAL-LIABILITIES>                            8648165
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</TABLE>


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