EBI FUNDS INC
NSAR-B, 1995-02-27
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<PAGE>      PAGE  1
000 B000000 12/30/94
000 C000000 731273
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 EBI FUNDS, INC.
001 B000000 811-3886
001 C000000 4048920896
002 A000000 1315 PEACHTREE STREET, N.E.
002 B000000 ATLANTA
002 C000000 GA
002 D010000 30309
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  6
007 C010100  1
007 C020100 EBI EQUITY PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 EBI INCOME PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 EBI FLEX PORTFOLIO
007 C030300 N
007 C010400  4
007 C020400 EBI CASH MANAGEMENT PORTFOLIO
007 C030400 N
007 C010500  5
007 C020500 EBI MULTIFLEX PORTFOLIO
007 C030500 N
007 C010600  6
007 C020600 EBI RELATIVE RETURN BOND PORTFOLIO
007 C030600 N
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
020 A000001 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000001 13-5674085
020 C000001     67
020 A000002 INSTINET CORP.
020 B000002 13-3443395
020 C000002     59
020 A000003 RAYMOND JAMES & ASSOCIATION
<PAGE>      PAGE  2
020 B000003 59-1237041
020 C000003     47
020 A000004 KOEGLER MORGAN & CO.
020 B000004 58-1621983
020 C000004     47
020 A000005 RAUSCHER PIERCE REFSNES, INC.
020 B000005 75-1828470
020 C000005     28
020 A000006 KIDDER PEABODY & CO.
020 B000006 13-5650440
020 C000006     22
020 A000007 ALEX BROWN & SONS, INC.
020 B000007 52-1319768
020 C000007     22
020 A000008 MORGAN STANLEY
020 B000008 13-2655998
020 C000008     15
020 A000009 BEAR STEARNS & CO.
020 B000009 13-3299429
020 C000009     13
020 A000010 WARBURG S.G.
020 B000010 13-3340045
020 C000010     13
021  000000      431
022 A000001 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000001 13-5674085
022 C000001     87978
022 D000001     20651
022 A000002 GOLDMAN SACHS
022 B000002 13-5108880
022 C000002     60042
022 D000002      1498
022 A000003 HSBC SECURITIES
022 B000003 13-2650272
022 C000003     20747
022 D000003     26279
022 A000004 DLJ SECURITIES
022 B000004 13-2741729
022 C000004     28122
022 D000004     13975
022 A000005 FIRST BOSTON
022 B000005 13-5659485
022 C000005     30983
022 D000005      9037
022 A000006 DEAN WITTER REYNOLDS, INC.
022 B000006 94-1671384
022 C000006     20726
022 D000006       887
022 A000007 CRAIGIE INC.
022 B000007 54-0294670
022 C000007      9659
<PAGE>      PAGE  3
022 D000007      9611
022 A000008 WARBURG S.G.
022 B000008 13-3340045
022 C000008     12560
022 D000008      6437
022 A000009 SHEARSON LEHMAN BROTHERS
022 B000009 13-2518466
022 C000009     15478
022 D000009      3426
022 A000010 SPEAR LEEDS & KELLOGG
022 B000010 13-5515160
022 C000010      7123
022 D000010      8539
023 C000000     416003
023 D000000     143455
055 A00AA00 N
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057  00AA00 N
077 A000000 Y
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077 Q030000 N
078  000000 N
080 A00AA00 ICI MUTUAL INSURANCE CO.
080 C00AA00     5000
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024  000100 Y
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<PAGE>      PAGE  4
025 B000101 13-2655998
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<PAGE>      PAGE  5
042 D000100   0
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<PAGE>      PAGE  6
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024  000200 N
<PAGE>      PAGE  7
025 D000201       0
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039  000200 Y
040  000200 Y
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
072 U000200        0
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076  000200     0.00
024  000300 Y
<PAGE>      PAGE  10
025 A000301 MORGAN STANLEY GROUP
025 B000301 13-2655998
025 C000301 E
025 D000301    2950
025 D000302       0
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036 A000300 N
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037  000300 N
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039  000300 Y
040  000300 Y
041  000300 Y
042 A000300   0
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<PAGE>      PAGE  11
042 C000300 100
042 D000300   0
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070 A010300 Y
070 A020300 N
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070 C010300 Y
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 N
070 F020300 N
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070 G020300 N
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070 H020300 N
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<PAGE>      PAGE  12
070 L020300 Y
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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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070 E020400 N
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070 G020400 N
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070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
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070 M010400 N
070 M020400 N
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070 N020400 N
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070 O020400 N
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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024  000500 Y
025 A000501 BEAR STEARNS CO., INC.
025 B000501 13-3299429
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025 A000503 BEAR STEARNS CO., INC.
025 B000503 13-3299429
025 C000503 D
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025 A000504 PAINE WEBBER, INC.
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 N
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500    170743
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071 D000500   81
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072 B000500     1448
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<PAGE>      PAGE  20
072 D000500        0
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072 J000500        0
072 K000500        0
072 L000500        0
072 M000500        0
072 N000500        0
072 O000500        0
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072 Q000500        0
072 R000500        0
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073 A010500   0.6210
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073 C000500   0.0000
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<PAGE>      PAGE  21
074 R010500        0
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074 W000500   0.0000
074 X000500     1875
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076  000500     0.00
024  000600 N
025 A000601 DELETE
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025 D000603       0
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025 D000606       0
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<PAGE>      PAGE  22
028 G020600        65
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034  000600 N
035  000600      0
036 B000600      0
037  000600 N
038  000600      0
039  000600 Y
040  000600 Y
041  000600 Y
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042 D000600   0
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042 F000600   0
042 G000600   0
042 H000600   0
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044  000600      0
062 A000600 Y
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062 D000600   0.0
062 E000600   0.0
062 F000600   0.0
062 G000600   0.0
062 H000600   0.0
062 I000600   0.0
062 J000600   0.0
062 K000600   0.0
062 L000600  10.1
062 M000600  48.7
062 N000600   9.9
062 O000600   0.0
062 P000600  31.3
062 Q000600   0.0
062 R000600   0.0
063 A000600   0
063 B000600 11.6
064 A000600 N
064 B000600 N
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072 A000600 12
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<PAGE>      PAGE  23
072 D000600        0
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072 H000600        0
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072 J000600        0
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072 L000600        0
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072 S000600        0
072 T000600       11
072 U000600        0
072 V000600        0
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072 X000600       34
072 Y000600        0
072 Z000600      111
072AA000600        0
072BB000600       55
072CC010600        0
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072DD010600      111
072DD020600        0
072EE000600        0
073 A010600   1.8120
073 A020600   0.0000
073 B000600   0.0000
073 C000600   0.0000
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<PAGE>      PAGE  24
074 R010600        0
074 R020600        0
074 R030600        0
074 R040600        4
074 S000600        0
074 T000600     3168
074 U010600       85
074 U020600        0
074 V010600    37.20
074 V020600     0.00
074 W000600   0.0000
074 X000600       70
074 Y000600        0
075 A000600        0
075 B000600     2249
076  000600     0.00
SIGNATURE   MICHELLE WHALEN                              
TITLE       CORP COMPLIANCE ADMN
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> EBI EQUITY PORTFOLIO
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
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</TABLE>

<TABLE> <S> <C>

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<SERIES>
   <NUMBER> 3
   <NAME> EBI FLEX PORTFOLIO
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 4
   <NAME> EBI CASH MANAGEMENT PORTFOLIO
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 5
   <NAME> EBI MULTIFLEX PORTFOLIO
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> EBI RELATIVE RETURN BOND PORTFOLIO
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<S>                             <C>
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