<PAGE> PAGE 1
000 B000000 10/31/98
000 C000000 0000751173
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 EXETER FUND, INC.
001 B000000 811-292633
001 C000000 7163256880
002 A000000 1100 CHASE SQUARE
002 B000000 ROCHESTER
002 C000000 NY
002 D010000 14604
002 D020000 1999
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 19
007 C010100 1
007 C010200 2
007 C020200 DEFENSIVE SERIES
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C020500 MAXIMUM HORIZONS SERIES
007 C030500 N
007 C010600 6
007 C010700 7
007 C010800 8
007 C020800 TAX MANAGED SERIES
007 C030800 N
007 C010900 9
007 C011000 10
007 C011100 11
007 C021100 BLENDED ASSET SERIES I
007 C031100 N
007 C011200 12
007 C021200 BLENDED ASSET SERIES II
007 C031200 N
007 C011300 13
007 C021300 FLEXIBLE YIELD SERIES I
007 C031300 N
007 C011400 14
007 C021400 FLEXIBLE YIELD SERIES II
007 C031400 N
<PAGE> PAGE 2
007 C011500 15
007 C021500 FLEXIBLE YIELD SERIES III
007 C031500 N
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
008 A00AA01 MANNING & NAPIER ADVISORS, INC.
008 B00AA01 A
008 C00AA01 801-10733
008 D01AA01 ROCHESTER
008 D02AA01 NY
008 D03AA01 14604
008 D04AA01 1999
011 A00AA01 MANNING & NAPIER INVESTOR SERVICES, INC.
011 B00AA01 8-42468
011 C01AA01 ROCHESTER
011 C02AA01 NY
011 C03AA01 14604
011 C04AA01 1999
012 A00AA01 MANNING & NAPIER ADVISORS, INC.
012 B00AA01 84-1344
012 C01AA01 ROCHESTER
012 C02AA01 NY
012 C03AA01 14604
014 A00AA01 MANNING & NAPIER INVESTOR SERVICES, INC.
014 B00AA01 8-42468
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 25
019 C00AA00 MANNINGNAP
020 A000001 MERRILL LYNCH
020 B000001 13-5674085
020 C000001 38
020 A000002 MORGAN STANLEY
020 B000002 13-2655998
020 C000002 10
020 A000003 NEUBERGER & BERMAN
020 B000003 13-5521910
020 C000003 8
020 A000004 PAINE WEBBER
020 B000004 13-2895752
020 C000004 8
020 A000005 MONTGOMERY SECURITIES
020 B000005 94-1701676
020 C000005 7
020 A000006 DONALDSON, LUFKIN & JENRETTE SECURITIES
020 B000006 13-2741729
020 C000006 7
020 A000007 SMITH BARNEY
<PAGE> PAGE 3
020 B000007 13-1912900
020 C000007 7
020 A000008 CANTOR FITZGERALD
020 B000008 13-3680184
020 C000008 7
020 A000009 CS FIRST BOSTON CORP.
020 B000009 13-5659485
020 C000009 6
020 A000010 AUTRANET INC.
020 B000010 13-2961507
020 C000010 6
021 000000 178
022 A000001 MERRILL LYNCH
022 B000001 13-5674085
022 C000001 18582
022 D000001 8982
022 A000002 CS FIRST BOSTON CORP.
022 B000002 13-5659485
022 C000002 5507
022 D000002 1649
022 A000003 DONALDSON, LUFKIN & JENRETTE SECURITIES
022 B000003 13-2741729
022 C000003 4470
022 D000003 2343
022 A000004 MORGAN STANLEY
022 B000004 13-2655998
022 C000004 4964
022 D000004 1588
022 A000005 CANTOR FITZGERALD
022 B000005 13-3680184
022 C000005 2174
022 D000005 3650
022 A000006 SMITH BARNEY
022 B000006 13-1912900
022 C000006 226
022 D000006 5184
022 A000007 LEHMAN BROTHERS
022 B000007 13-2518466
022 C000007 869
022 D000007 3826
022 A000008 ABN AMRO (HOARE GOVETT)
022 B000008 13-3227945
022 C000008 246
022 D000008 3958
022 A000009 PAINE WEBBER
022 B000009 13-2895752
022 C000009 3101
022 D000009 938
022 A000010 FACTSET DATA SYSTEMS INC.
022 B000010 13-2953224
022 C000010 650
<PAGE> PAGE 4
022 D000010 3165
023 C000000 61838
023 D000000 46218
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
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 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
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
<PAGE> PAGE 5
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 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
077 A000000 Y
077 B000000 Y
078 000000 N
080 A00AA00 NATIONAL UNION FIRE INSURANCE CO OF PITTS, PA
080 C00AA00 7500
081 A00AA00 Y
081 B00AA00 25
082 A00AA00 Y
082 B00AA00 75
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
086 F020000 0
013 A000101 DELETE
013 A000201 DELOITTE & TOUCHE LLP
013 B010201 BOSTON
013 B020201 MA
013 B030201 02110
015 A000201 BOSTON SAFE DEPOSIT & TRUST CO
015 B000201 C
015 C010201 MEDFORD
<PAGE> PAGE 6
015 C020201 MA
015 C030201 02155
015 C040201 5159
015 E010201 X
028 A010200 316
028 A020200 0
028 A030200 0
028 A040200 34
028 B010200 383
028 B020200 47
028 B030200 0
028 B040200 126
028 C010200 404
028 C020200 0
028 C030200 0
028 C040200 88
028 D010200 408
028 D020200 0
028 D030200 0
028 D040200 26
028 E010200 289
028 E020200 0
028 E030200 0
028 E040200 19
028 F010200 504
028 F020200 0
028 F030200 0
028 F040200 473
028 G010200 2304
028 G020200 47
028 G030200 0
028 G040200 766
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.800
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
<PAGE> PAGE 7
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 2000
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 Y
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
<PAGE> PAGE 8
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200 4343
071 B000200 502
071 C000200 3455
071 D000200 15
072 A000200 12
072 B000200 186
072 C000200 12
072 D000200 0
072 E000200 0
072 F000200 30
072 G000200 0
072 H000200 0
072 I000200 1
072 J000200 7
072 K000200 0
072 L000200 0
072 M000200 8
<PAGE> PAGE 9
072 N000200 6
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 11
072 S000200 0
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 3
072 X000200 66
072 Y000200 28
072 Z000200 160
072AA000200 14
072BB000200 0
072CC010200 55
072CC020200 0
072DD010200 91
072DD020200 0
072EE000200 34
073 A010200 0.3520
073 A020200 0.0000
073 B000200 0.1820
073 C000200 0.0000
074 A000200 46
074 B000200 0
074 C000200 329
074 D000200 4407
074 E000200 0
074 F000200 856
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 60
074 M000200 86
074 N000200 5784
074 O000200 0
074 P000200 3
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 48
074 S000200 0
074 T000200 5733
074 U010200 529
074 U020200 0
074 V010200 10.85
074 V020200 0.00
<PAGE> PAGE 10
074 W000200 0.0000
074 X000200 61
074 Y000200 0
075 A000200 0
075 B000200 3772
076 000200 0.00
013 A000501 DELOITTE & TOUCHE LLP
013 B010501 BOSTON
013 B020501 MA
013 B030501 02110
015 A000501 BOSTON SAFE DEPOSIT & TRUST CO
015 B000501 C
015 C010501 MEDFORD
015 C020501 MA
015 C030501 02155
015 C040501 5159
015 E010501 X
028 A010500 1022
028 A020500 0
028 A030500 0
028 A040500 439
028 B010500 956
028 B020500 105
028 B030500 0
028 B040500 361
028 C010500 653
028 C020500 0
028 C030500 0
028 C040500 317
028 D010500 1556
028 D020500 0
028 D030500 0
028 D040500 304
028 E010500 514
028 E020500 0
028 E030500 0
028 E040500 258
028 F010500 740
028 F020500 0
028 F030500 0
028 F040500 306
028 G010500 5441
028 G020500 105
028 G030500 0
028 G040500 1985
028 H000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 1.000
048 A010500 0
<PAGE> PAGE 11
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
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
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 2000
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
<PAGE> PAGE 12
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 Y
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 N
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500 17616
071 B000500 8810
071 C000500 14706
071 D000500 60
<PAGE> PAGE 13
072 A000500 12
072 B000500 112
072 C000500 272
072 D000500 0
072 E000500 0
072 F000500 157
072 G000500 0
072 H000500 0
072 I000500 4
072 J000500 9
072 K000500 0
072 L000500 0
072 M000500 8
072 N000500 10
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 13
072 S000500 0
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 6
072 X000500 207
072 Y000500 19
072 Z000500 196
072AA000500 983
072BB000500 0
072CC010500 0
072CC020500 2448
072DD010500 141
072DD020500 0
072EE000500 1010
073 A010500 0.1230
073 A020500 0.0000
073 B000500 1.2160
073 C000500 0.0000
074 A000500 54
074 B000500 0
074 C000500 0
074 D000500 1255
074 E000500 0
074 F000500 15805
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 756
074 K000500 0
074 L000500 54
074 M000500 864
074 N000500 18788
<PAGE> PAGE 14
074 O000500 0
074 P000500 18
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 65
074 S000500 0
074 T000500 18705
074 U010500 1546
074 U020500 0
074 V010500 12.10
074 V020500 0.00
074 W000500 0.0000
074 X000500 285
074 Y000500 0
075 A000500 0
075 B000500 15533
076 000500 0.00
013 A000801 DELOITTE & TOUCHE LLP
013 B010801 BOSTON
013 B020801 MA
013 B030801 02110
015 A000801 BOSTON SAFE DEPOSIT & TRUST CO
015 B000801 C
015 C010801 MEDFORD
015 C020801 MA
015 C030801 02155
015 C040801 5159
015 E010801 X
028 A010800 122
028 A020800 0
028 A030800 0
028 A040800 100
028 B010800 7
028 B020800 0
028 B030800 0
028 B040800 5
028 C010800 86
028 C020800 0
028 C030800 0
028 C040800 1
028 D010800 4
028 D020800 0
028 D030800 0
028 D040800 30
028 E010800 12
028 E020800 0
028 E030800 0
028 E040800 0
028 F010800 31
<PAGE> PAGE 15
028 F020800 0
028 F030800 0
028 F040800 11
028 G010800 262
028 G020800 0
028 G030800 0
028 G040800 147
028 H000800 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
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
058 A000800 N
059 000800 Y
060 A000800 Y
060 B000800 Y
061 000800 2000
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
<PAGE> PAGE 16
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
066 A000800 Y
066 B000800 N
066 C000800 N
066 D000800 Y
066 E000800 N
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 N
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 Y
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 N
070 N010800 Y
<PAGE> PAGE 17
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800 748
071 B000800 428
071 C000800 661
071 D000800 65
072 A000800 12
072 B000800 3
072 C000800 10
072 D000800 0
072 E000800 0
072 F000800 7
072 G000800 0
072 H000800 0
072 I000800 0
072 J000800 2
072 K000800 0
072 L000800 0
072 M000800 8
072 N000800 6
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 11
072 S000800 2
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 0
072 X000800 36
072 Y000800 28
072 Z000800 5
072AA000800 0
072BB000800 1
072CC010800 0
072CC020800 37
072DD010800 0
072DD020800 0
072EE000800 14
073 A010800 0.0000
073 A020800 0.0000
073 B000800 0.3970
073 C000800 0.0000
074 A000800 1
<PAGE> PAGE 18
074 B000800 0
074 C000800 0
074 D000800 0
074 E000800 0
074 F000800 745
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 21
074 L000800 0
074 M000800 33
074 N000800 800
074 O000800 0
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 28
074 S000800 0
074 T000800 772
074 U010800 53
074 U020800 0
074 V010800 14.46
074 V020800 0.00
074 W000800 0.0000
074 X000800 54
074 Y000800 0
075 A000800 0
075 B000800 684
076 000800 0.00
013 A001101 DELOITTE & TOUCHE LLP
013 B011101 BOSTON
013 B021101 MA
013 B031101 02110
015 A001101 BOSTON SAFE DEPOSIT & TRUST COMPANY
015 B001101 C
015 C011101 MEDFORD
015 C021101 MA
015 C031101 02155
015 C041101 5159
015 E011101 X
028 A011100 1274
028 A021100 0
028 A031100 0
028 A041100 1066
028 B011100 1192
028 B021100 300
028 B031100 0
028 B041100 392
<PAGE> PAGE 19
028 C011100 1732
028 C021100 0
028 C031100 0
028 C041100 417
028 D011100 888
028 D021100 0
028 D031100 0
028 D041100 672
028 E011100 1182
028 E021100 0
028 E031100 0
028 E041100 849
028 F011100 1573
028 F021100 0
028 F031100 0
028 F041100 864
028 G011100 7841
028 G021100 300
028 G031100 0
028 G041100 4260
028 H001100 0
045 001100 Y
046 001100 N
047 001100 Y
048 001100 1.000
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
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
<PAGE> PAGE 20
053 A001100 Y
053 B001100 Y
053 C001100 N
058 A001100 N
059 001100 Y
060 A001100 Y
060 B001100 Y
061 001100 2000
062 A001100 N
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
066 A001100 Y
066 B001100 N
066 C001100 N
066 D001100 Y
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 Y
070 D021100 N
070 E011100 N
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
<PAGE> PAGE 21
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 Y
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 Y
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 Y
070 R021100 N
071 A001100 24280
071 B001100 16057
071 C001100 26670
071 D001100 60
072 A001100 12
072 B001100 975
072 C001100 281
072 D001100 0
072 E001100 0
072 F001100 282
072 G001100 0
072 H001100 0
072 I001100 7
072 J001100 13
072 K001100 0
072 L001100 0
072 M001100 8
072 N001100 11
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 19
072 S001100 0
072 T001100 0
072 U001100 0
072 V001100 0
072 W001100 7
072 X001100 347
072 Y001100 7
<PAGE> PAGE 22
072 Z001100 916
072AA001100 1773
072BB001100 0
072CC011100 0
072CC021100 1033
072DD011100 693
072DD021100 0
072EE001100 1427
073 A011100 0.3280
073 A021100 0.0000
073 B001100 0.7580
073 C001100 0.0000
074 A001100 62
074 B001100 0
074 C001100 0
074 D001100 17440
074 E001100 0
074 F001100 13307
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 244
074 K001100 0
074 L001100 384
074 M001100 976
074 N001100 32413
074 O001100 0
074 P001100 34
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 88
074 S001100 0
074 T001100 32291
074 U011100 2786
074 U021100 0
074 V011100 11.59
074 V021100 0.00
074 W001100 0.0000
074 X001100 336
074 Y001100 0
075 A001100 0
075 B001100 28156
076 001100 0.00
013 A001201 DELOITTE & TOUCHE LLP
013 B011201 BOSTON
013 B021201 MA
013 B031201 02110
015 A001201 BOSTON SAFE DEPOSIT & TRUST COMPANY
015 B001201 C
<PAGE> PAGE 23
015 C011201 MEDFORD
015 C021201 MA
015 C031201 02155
015 C041201 5159
015 E011201 X
028 A011200 1203
028 A021200 0
028 A031200 0
028 A041200 1251
028 B011200 1172
028 B021200 552
028 B031200 0
028 B041200 716
028 C011200 4206
028 C021200 0
028 C031200 0
028 C041200 1761
028 D011200 962
028 D021200 0
028 D031200 0
028 D041200 1119
028 E011200 1426
028 E021200 0
028 E031200 0
028 E041200 818
028 F011200 891
028 F021200 0
028 F031200 0
028 F041200 2155
028 G011200 9860
028 G021200 552
028 G031200 0
028 G041200 7820
028 H001200 0
045 001200 Y
046 001200 N
047 001200 Y
048 001200 1.000
048 A011200 0
048 A021200 0.000
048 B011200 0
048 B021200 0.000
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
<PAGE> PAGE 24
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 0
048 K021200 0.000
049 001200 N
050 001200 N
051 001200 N
052 001200 N
053 A001200 N
058 A001200 N
059 001200 Y
060 A001200 Y
060 B001200 Y
061 001200 2000
062 A001200 N
062 B001200 0.0
062 C001200 0.0
062 D001200 0.0
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 0.0
062 N001200 0.0
062 O001200 0.0
062 P001200 0.0
062 Q001200 0.0
062 R001200 0.0
066 A001200 Y
066 B001200 N
066 C001200 N
066 D001200 Y
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 N
070 B011200 Y
<PAGE> PAGE 25
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 Y
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 Y
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 Y
070 R021200 N
071 A001200 51301
071 B001200 36908
071 C001200 60255
071 D001200 61
072 A001200 12
072 B001200 1509
072 C001200 773
072 D001200 0
072 E001200 0
072 F001200 634
072 G001200 0
072 H001200 0
072 I001200 15
072 J001200 22
072 K001200 0
072 L001200 0
072 M001200 8
072 N001200 14
<PAGE> PAGE 26
072 O001200 0
072 P001200 0
072 Q001200 0
072 R001200 21
072 S001200 0
072 T001200 0
072 U001200 0
072 V001200 0
072 W001200 16
072 X001200 730
072 Y001200 0
072 Z001200 1552
072AA001200 3961
072BB001200 0
072CC011200 0
072CC021200 6481
072DD011200 1192
072DD021200 0
072EE001200 6231
073 A011200 0.2860
073 A021200 0.0000
073 B001200 1.7310
073 C001200 0.0000
074 A001200 117
074 B001200 0
074 C001200 0
074 D001200 26519
074 E001200 0
074 F001200 35632
074 G001200 0
074 H001200 0
074 I001200 0
074 J001200 2635
074 K001200 0
074 L001200 458
074 M001200 904
074 N001200 66265
074 O001200 0
074 P001200 54
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 238
074 S001200 0
074 T001200 65973
074 U011200 5235
074 U021200 0
074 V011200 12.60
074 V021200 0.00
074 W001200 0.0000
<PAGE> PAGE 27
074 X001200 1011
074 Y001200 0
075 A001200 0
075 B001200 63021
076 001200 0.00
013 A001301 DELOITTE & TOUCHE LLP
013 B011301 BOSTON
013 B021301 MA
013 B031301 02110
015 A001301 BOSTON SAFE DEPOSIT & TRUST COMPANY
015 B001301 C
015 C011301 MEDFORD
015 C021301 MA
015 C031301 02155
015 C041301 5159
015 E011301 X
028 A011300 12
028 A021300 0
028 A031300 0
028 A041300 8
028 B011300 6
028 B021300 5
028 B031300 0
028 B041300 2
028 C011300 0
028 C021300 0
028 C031300 0
028 C041300 10
028 D011300 128
028 D021300 0
028 D031300 0
028 D041300 2
028 E011300 23
028 E021300 6
028 E031300 0
028 E041300 4
028 F011300 574
028 F021300 0
028 F031300 0
028 F041300 110
028 G011300 743
028 G021300 11
028 G031300 0
028 G041300 136
028 H001300 0
045 001300 Y
046 001300 N
047 001300 Y
048 001300 0.350
048 A011300 0
048 A021300 0.000
<PAGE> PAGE 28
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
048 K011300 0
048 K021300 0.000
049 001300 N
050 001300 N
051 001300 N
052 001300 N
053 A001300 Y
053 B001300 Y
053 C001300 N
058 A001300 N
059 001300 Y
060 A001300 Y
060 B001300 Y
061 001300 2000
062 A001300 Y
062 B001300 16.1
062 C001300 0.0
062 D001300 0.0
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 0.0
062 M001300 80.5
062 N001300 0.0
062 O001300 0.0
062 P001300 0.0
062 Q001300 0.0
062 R001300 0.0
063 A001300 0
<PAGE> PAGE 29
063 B001300 2.8
064 A001300 N
064 B001300 N
066 A001300 N
067 001300 N
068 A001300 N
068 B001300 N
069 001300 N
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 N
070 D021300 N
070 E011300 N
070 E021300 N
070 F011300 N
070 F021300 N
070 G011300 Y
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 Y
070 L011300 Y
070 L021300 N
070 M011300 Y
070 M021300 N
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 Y
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 Y
070 R021300 N
071 A001300 749
071 B001300 333
071 C001300 630
071 D001300 53
072 A001300 12
072 B001300 34
072 C001300 0
<PAGE> PAGE 30
072 D001300 0
072 E001300 0
072 F001300 2
072 G001300 0
072 H001300 0
072 I001300 0
072 J001300 0
072 K001300 0
072 L001300 0
072 M001300 8
072 N001300 4
072 O001300 0
072 P001300 0
072 Q001300 0
072 R001300 9
072 S001300 2
072 T001300 0
072 U001300 0
072 V001300 0
072 W001300 1
072 X001300 26
072 Y001300 22
072 Z001300 30
072AA001300 6
072BB001300 0
072CC011300 6
072CC021300 0
072DD011300 32
072DD021300 0
072EE001300 0
073 A011300 0.5670
073 A021300 0.0000
073 B001300 0.0000
073 C001300 0.0000
074 A001300 0
074 B001300 0
074 C001300 184
074 D001300 921
074 E001300 0
074 F001300 0
074 G001300 0
074 H001300 0
074 I001300 0
074 J001300 0
074 K001300 20
074 L001300 20
074 M001300 22
074 N001300 1167
074 O001300 0
074 P001300 0
074 Q001300 0
<PAGE> PAGE 31
074 R011300 0
074 R021300 0
074 R031300 0
074 R041300 23
074 S001300 0
074 T001300 1144
074 U011300 108
074 U021300 0
074 V011300 10.58
074 V021300 0.00
074 W001300 0.0000
074 X001300 30
074 Y001300 0
075 A001300 0
075 B001300 618
076 001300 0.00
013 A001401 DELOITTE & TOUCHE LLP
013 B011401 BOSTON
013 B021401 MA
013 B031401 02110
015 A001401 BOSTON SAFE DEPOSIT & TRUST COMPANY
015 B001401 C
015 C011401 MEDFORD
015 C021401 MA
015 C031401 02155
015 C041401 5159
015 E011401 X
028 A011400 0
028 A021400 0
028 A031400 0
028 A041400 0
028 B011400 32
028 B021400 6
028 B031400 0
028 B041400 1
028 C011400 0
028 C021400 0
028 C031400 0
028 C041400 72
028 D011400 91
028 D021400 0
028 D031400 0
028 D041400 2
028 E011400 64
028 E021400 7
028 E031400 0
028 E041400 11
028 F011400 31
028 F021400 0
028 F031400 0
028 F041400 12
<PAGE> PAGE 32
028 G011400 218
028 G021400 13
028 G031400 0
028 G041400 98
028 H001400 0
045 001400 Y
046 001400 N
047 001400 Y
048 001400 0.450
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
050 001400 N
051 001400 N
052 001400 N
053 A001400 Y
053 B001400 Y
053 C001400 N
058 A001400 N
059 001400 Y
060 A001400 Y
060 B001400 Y
061 001400 2000
062 A001400 Y
062 B001400 7.9
062 C001400 0.0
062 D001400 0.0
062 E001400 0.0
062 F001400 0.0
062 G001400 0.0
062 H001400 0.0
<PAGE> PAGE 33
062 I001400 0.0
062 J001400 0.0
062 K001400 0.0
062 L001400 0.0
062 M001400 84.6
062 N001400 0.0
062 O001400 0.0
062 P001400 0.0
062 Q001400 0.0
062 R001400 0.0
063 A001400 0
063 B001400 4.2
064 A001400 N
064 B001400 N
066 A001400 N
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
070 A021400 N
070 B011400 Y
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 N
070 D021400 N
070 E011400 N
070 E021400 N
070 F011400 N
070 F021400 N
070 G011400 Y
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 Y
070 L011400 Y
070 L021400 N
070 M011400 Y
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 Y
070 P021400 N
<PAGE> PAGE 34
070 Q011400 N
070 Q021400 N
070 R011400 Y
070 R021400 N
071 A001400 177
071 B001400 235
071 C001400 568
071 D001400 31
072 A001400 12
072 B001400 35
072 C001400 0
072 D001400 0
072 E001400 0
072 F001400 3
072 G001400 0
072 H001400 0
072 I001400 0
072 J001400 0
072 K001400 0
072 L001400 0
072 M001400 8
072 N001400 4
072 O001400 0
072 P001400 0
072 Q001400 0
072 R001400 10
072 S001400 2
072 T001400 0
072 U001400 0
072 V001400 0
072 W001400 1
072 X001400 28
072 Y001400 23
072 Z001400 30
072AA001400 6
072BB001400 0
072CC011400 19
072CC021400 0
072DD011400 32
072DD021400 0
072EE001400 5
073 A011400 0.5890
073 A021400 0.0000
073 B001400 0.0940
073 C001400 0.0000
074 A001400 0
074 B001400 0
074 C001400 55
074 D001400 592
074 E001400 0
074 F001400 0
<PAGE> PAGE 35
074 G001400 0
074 H001400 0
074 I001400 0
074 J001400 0
074 K001400 20
074 L001400 11
074 M001400 45
074 N001400 723
074 O001400 0
074 P001400 0
074 Q001400 0
074 R011400 0
074 R021400 0
074 R031400 0
074 R041400 24
074 S001400 0
074 T001400 699
074 U011400 67
074 U021400 0
074 V011400 10.50
074 V021400 0.00
074 W001400 0.0000
074 X001400 20
074 Y001400 0
075 A001400 0
075 B001400 596
076 001400 0.00
013 A001501 DELOITTE & TOUCHE LLP
013 B011501 BOSTON
013 B021501 MA
013 B031501 02110
015 A001501 BOSTON SAFE DEPOSIT & TRUST COMPANY
015 B001501 C
015 C011501 MEDFORD
015 C021501 MA
015 C031501 02155
015 C041501 5159
015 E011501 X
028 A011500 9
028 A021500 0
028 A031500 0
028 A041500 50
028 B011500 84
028 B021500 14
028 B031500 0
028 B041500 14
028 C011500 10
028 C021500 0
028 C031500 0
028 C041500 4
028 D011500 15
<PAGE> PAGE 36
028 D021500 0
028 D031500 0
028 D041500 10
028 E011500 72
028 E021500 14
028 E031500 0
028 E041500 220
028 F011500 310
028 F021500 0
028 F031500 0
028 F041500 3
028 G011500 500
028 G021500 28
028 G031500 0
028 G041500 301
028 H001500 0
045 001500 Y
046 001500 N
047 001500 Y
048 001500 0.500
048 A011500 0
048 A021500 0.000
048 B011500 0
048 B021500 0.000
048 C011500 0
048 C021500 0.000
048 D011500 0
048 D021500 0.000
048 E011500 0
048 E021500 0.000
048 F011500 0
048 F021500 0.000
048 G011500 0
048 G021500 0.000
048 H011500 0
048 H021500 0.000
048 I011500 0
048 I021500 0.000
048 J011500 0
048 J021500 0.000
048 K011500 0
048 K021500 0.000
049 001500 N
050 001500 N
051 001500 N
052 001500 N
053 A001500 Y
053 B001500 Y
053 C001500 N
058 A001500 N
059 001500 Y
<PAGE> PAGE 37
060 A001500 Y
060 B001500 Y
061 001500 2000
062 A001500 Y
062 B001500 4.9
062 C001500 0.0
062 D001500 0.0
062 E001500 0.0
062 F001500 0.0
062 G001500 0.0
062 H001500 0.0
062 I001500 0.0
062 J001500 0.0
062 K001500 0.0
062 L001500 0.0
062 M001500 76.7
062 N001500 6.9
062 O001500 0.0
062 P001500 0.0
062 Q001500 0.0
062 R001500 0.0
063 A001500 0
063 B001500 8.4
064 A001500 N
064 B001500 N
066 A001500 N
067 001500 N
068 A001500 N
068 B001500 N
069 001500 N
070 A011500 Y
070 A021500 N
070 B011500 Y
070 B021500 N
070 C011500 Y
070 C021500 N
070 D011500 N
070 D021500 N
070 E011500 N
070 E021500 N
070 F011500 N
070 F021500 N
070 G011500 Y
070 G021500 N
070 H011500 N
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 Y
<PAGE> PAGE 38
070 K021500 Y
070 L011500 Y
070 L021500 N
070 M011500 Y
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 Y
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 Y
070 R021500 N
071 A001500 438
071 B001500 275
071 C001500 1381
071 D001500 20
072 A001500 12
072 B001500 88
072 C001500 0
072 D001500 0
072 E001500 0
072 F001500 7
072 G001500 0
072 H001500 0
072 I001500 0
072 J001500 2
072 K001500 0
072 L001500 0
072 M001500 8
072 N001500 4
072 O001500 0
072 P001500 0
072 Q001500 0
072 R001500 10
072 S001500 2
072 T001500 0
072 U001500 0
072 V001500 0
072 W001500 1
072 X001500 34
072 Y001500 22
072 Z001500 76
072AA001500 41
072BB001500 0
072CC011500 51
072CC021500 0
072DD011500 78
072DD021500 0
<PAGE> PAGE 39
072EE001500 1
073 A011500 0.5670
073 A021500 0.0000
073 B001500 0.0060
073 C001500 0.0000
074 A001500 117
074 B001500 0
074 C001500 86
074 D001500 1462
074 E001500 0
074 F001500 0
074 G001500 0
074 H001500 0
074 I001500 0
074 J001500 0
074 K001500 14
074 L001500 20
074 M001500 74
074 N001500 1773
074 O001500 0
074 P001500 0
074 Q001500 0
074 R011500 0
074 R021500 0
074 R031500 0
074 R041500 24
074 S001500 0
074 T001500 1749
074 U011500 158
074 U021500 0
074 V011500 11.06
074 V021500 0.00
074 W001500 0.0000
074 X001500 43
074 Y001500 0
075 A001500 0
075 B001500 1456
076 001500 0.00
SIGNATURE BETH H. GALUSHA
TITLE MUTUAL FUND CFO
[ARTICLE] 6
[LEGEND]
[RESTATED]
[CIK] 0000751173
[NAME] EXETER FUND, INC.
[SERIES]
[NAME] BLENDED ASSET SERIES I
[NUMBER] 11
[MULTIPLIER] 1
[CURRENCY] 1
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-START] NOV-01-1997
[PERIOD-END] OCT-31-1998
[PERIOD-TYPE] YEAR
[EXCHANGE-RATE] 1
[INVESTMENTS-AT-COST] 32,026,006
[INVESTMENTS-AT-VALUE] 31,723,372
[RECEIVABLES] 616,996
[ASSETS-OTHER] 72,767
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 32,413,135
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 121,918
[TOTAL-LIABILITIES] 121,918
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 30,323,782
[SHARES-COMMON-STOCK] 2,785,586
[SHARES-COMMON-PRIOR] 1,831,743
[ACCUMULATED-NII-CURRENT] 502,925
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 1,767,144
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (302,634)
[NET-ASSETS] 32,291,217
[DIVIDEND-INCOME] 280,752
[INTEREST-INCOME] 974,806
[OTHER-INCOME] 0
[EXPENSES-NET] 339,370
[NET-INVESTMENT-INCOME] 916,188
[REALIZED-GAINS-CURRENT] 1,773,717
[APPREC-INCREASE-CURRENT] (1,033,391)
[NET-CHANGE-FROM-OPS] 1,656,514
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 693,293
[DISTRIBUTIONS-OF-GAINS] 1,427,315
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,438,207
[NUMBER-OF-SHARES-REDEEMED] 671,472
[SHARES-REINVESTED] 187,108
[NET-CHANGE-IN-ASSETS] 10,360,727
[ACCUMULATED-NII-PRIOR] 274,768
[ACCUMULATED-GAINS-PRIOR] 1,426,004
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 281,928
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 346,823
[AVERAGE-NET-ASSETS] 28,192,798
[PER-SHARE-NAV-BEGIN] 11.97
[PER-SHARE-NII] 0.357
[PER-SHARE-GAIN-APPREC] 0.349
[PER-SHARE-DIVIDEND] 0.328
[PER-SHARE-DISTRIBUTIONS] 0.758
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.59
[EXPENSE-RATIO] 1.20
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
[RESTATED]
[CIK] 0000751173
[NAME] EXETER FUND, INC.
[SERIES]
[NAME] BLENDED ASSET SERIES II
[NUMBER] 12
[MULTIPLIER] 1
[CURRENCY] 1
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-START] NOV-01-1997
[PERIOD-END] OCT-30-1998
[PERIOD-TYPE] YEAR
[EXCHANGE-RATE] 1
[INVESTMENTS-AT-COST] 67,026,727
[INVESTMENTS-AT-VALUE] 63,055,142
[RECEIVABLES] 3,093,090
[ASSETS-OTHER] 116,924
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 66,265,156
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 292,134
[TOTAL-LIABILITIES] 292,134
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 65,185,769
[SHARES-COMMON-STOCK] 5,234,961
[SHARES-COMMON-PRIOR] 3,466,675
[ACCUMULATED-NII-CURRENT] 798,686
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 3,960,153
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (3,971,586)
[NET-ASSETS] 65,973,586
[DIVIDEND-INCOME] 772,650
[INTEREST-INCOME] 1,509,035
[OTHER-INCOME] 0
[EXPENSES-NET] 729,598
[NET-INVESTMENT-INCOME] 1,552,087
[REALIZED-GAINS-CURRENT] 3,960,798
[APPREC-INCREASE-CURRENT] (6,481,268)
[NET-CHANGE-FROM-OPS] (968,383)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,191,632
[DISTRIBUTIONS-OF-GAINS] 6,231,121
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,076,628
[NUMBER-OF-SHARES-REDEEMED] 887,579
[SHARES-REINVESTED] 579,237
[NET-CHANGE-IN-ASSETS] 15,050,656
[ACCUMULATED-NII-PRIOR] 437,931
[ACCUMULATED-GAINS-PRIOR] 6,230,776
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 633,708
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 729,598
[AVERAGE-NET-ASSETS] 63,370,804
[PER-SHARE-NAV-BEGIN] 14.69
[PER-SHARE-NII] 0.312
[PER-SHARE-GAIN-APPREC] (0.385)
[PER-SHARE-DIVIDEND] 0.286
[PER-SHARE-DISTRIBUTIONS] 1.731
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.60
[EXPENSE-RATIO] 1.15
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
[RESTATED]
[CIK] 0000751173
[NAME] EXETER FUND, INC.
[SERIES]
[NAME] DEFENSIVE SERIES
[NUMBER] 2
[MULTIPLIER] 1
[CURRENCY] 1
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-START] NOV-01-1997
[PERIOD-END] OCT-31-1998
[PERIOD-TYPE] YEAR
[EXCHANGE-RATE] 1
[INVESTMENTS-AT-COST] 5,597,523
[INVESTMENTS-AT-VALUE] 5,678,617
[RECEIVABLES] 59,963
[ASSETS-OTHER] 45,817
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 5,784,397
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 51,238
[TOTAL-LIABILITIES] 51,238
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 5,544,910
[SHARES-COMMON-STOCK] 528,593
[SHARES-COMMON-PRIOR] 164,649
[ACCUMULATED-NII-CURRENT] 99,985
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 7,170
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 81,094
[NET-ASSETS] 5,733,159
[DIVIDEND-INCOME] 11,587
[INTEREST-INCOME] 185,863
[OTHER-INCOME] 0
[EXPENSES-NET] 37,945
[NET-INVESTMENT-INCOME] 159,505
[REALIZED-GAINS-CURRENT] 13,980
[APPREC-INCREASE-CURRENT] 55,114
[NET-CHANGE-FROM-OPS] 228,599
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 91,449
[DISTRIBUTIONS-OF-GAINS] 34,079
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 442,590
[NUMBER-OF-SHARES-REDEEMED] 90,651
[SHARES-REINVESTED] 12,005
[NET-CHANGE-IN-ASSETS] 3,969,123
[ACCUMULATED-NII-PRIOR] 31,890
[ACCUMULATED-GAINS-PRIOR] 27,308
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 30,356
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 65,559
[AVERAGE-NET-ASSETS] 3,794,542
[PER-SHARE-NAV-BEGIN] 10.71
[PER-SHARE-NII] 0.347
[PER-SHARE-GAIN-APPREC] 0.327
[PER-SHARE-DIVIDEND] 0.352
[PER-SHARE-DISTRIBUTIONS] 0.182
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 10.85
[EXPENSE-RATIO] 1.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
[RESTATED]
[CIK] 0000751173
[NAME] EXETER FUND, INC.
[SERIES]
[NAME] FLEXIBLE YIELD SERIES I
[NUMBER] 13
[MULTIPLIER] 1
[CURRENCY] 1
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-START] NOV-01-1997
[PERIOD-END] OCT-31-1998
[PERIOD-TYPE] YEAR
[EXCHANGE-RATE] 1
[INVESTMENTS-AT-COST] 1,113,259
[INVESTMENTS-AT-VALUE] 1,127,272
[RECEIVABLES] 19,621
[ASSETS-OTHER] 20,248
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,167,141
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 23,272
[TOTAL-LIABILITIES] 23,272
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,118,714
[SHARES-COMMON-STOCK] 108,126
[SHARES-COMMON-PRIOR] 62,539
[ACCUMULATED-NII-CURRENT] 8,180
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 2,962
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 14,013
[NET-ASSETS] 1,143,869
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 33,731
[OTHER-INCOME] 0
[EXPENSES-NET] 4,117
[NET-INVESTMENT-INCOME] 29,614
[REALIZED-GAINS-CURRENT] 5,788
[APPREC-INCREASE-CURRENT] 6,173
[NET-CHANGE-FROM-OPS] 41,575
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 32,409
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 139,912
[NUMBER-OF-SHARES-REDEEMED] 97,485
[SHARES-REINVESTED] 3,160
[NET-CHANGE-IN-ASSETS] 494,037
[ACCUMULATED-NII-PRIOR] 10,842
[ACCUMULATED-GAINS-PRIOR] (2,963)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,058
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 26,423
[AVERAGE-NET-ASSETS] 588,088
[PER-SHARE-NAV-BEGIN] 10.39
[PER-SHARE-NII] 0.468
[PER-SHARE-GAIN-APPREC] 0.289
[PER-SHARE-DIVIDEND] 0.567
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.58
[EXPENSE-RATIO] 0.70
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
[RESTATED]
[CIK] 0000751173
[NAME] EXETER FUND, INC.
[SERIES]
[NAME] FLEXIBLE YIELD SERIES II
[NUMBER] 14
[MULTIPLIER] 1
[CURRENCY] 1
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-START] NOV-01-1997
[PERIOD-END] OCT-30-1998
[PERIOD-TYPE] YEAR
[EXCHANGE-RATE] 1
[INVESTMENTS-AT-COST] 645,780
[INVESTMENTS-AT-VALUE] 691,735
[RECEIVABLES] 10,817
[ASSETS-OTHER] 20,268
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 722,820
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 23,491
[TOTAL-LIABILITIES] 23,491
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 640,827
[SHARES-COMMON-STOCK] 66,609
[SHARES-COMMON-PRIOR] 70,205
[ACCUMULATED-NII-CURRENT] 7,807
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 4,740
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 45,955
[NET-ASSETS] 699,329
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 35,263
[OTHER-INCOME] 0
[EXPENSES-NET] 4,693
[NET-INVESTMENT-INCOME] 30,570
[REALIZED-GAINS-CURRENT] 5,805
[APPREC-INCREASE-CURRENT] 18,765
[NET-CHANGE-FROM-OPS] 55,140
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 31,969
[DISTRIBUTIONS-OF-GAINS] 4,875
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 21,299
[NUMBER-OF-SHARES-REDEEMED] 28,563
[SHARES-REINVESTED] 3,668
[NET-CHANGE-IN-ASSETS] (18,895)
[ACCUMULATED-NII-PRIOR] 8,569
[ACCUMULATED-GAINS-PRIOR] 4,447
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,639
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 27,560
[AVERAGE-NET-ASSETS] 586,543
[PER-SHARE-NAV-BEGIN] 10.23
[PER-SHARE-NII] 0.575
[PER-SHARE-GAIN-APPREC] 0.378
[PER-SHARE-DIVIDEND] 0.589
[PER-SHARE-DISTRIBUTIONS] 0.094
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.50
[EXPENSE-RATIO] 0.80
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
[RESTATED]
[CIK] 0000751173
[NAME] EXETER FUND, INC.
[SERIES]
[NAME] FLEXIBLE YIELD SERIES III
[NUMBER] 15
[MULTIPLIER] 1
[CURRENCY] 1
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-START] NOV-01-1997
[PERIOD-END] OCT-31-1998
[PERIOD-TYPE] YEAR
[EXCHANGE-RATE] 1
[INVESTMENTS-AT-COST] 1,483,506
[INVESTMENTS-AT-VALUE] 1,621,399
[RECEIVABLES] 19,575
[ASSETS-OTHER] 131,468
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,772,442
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 23,771
[TOTAL-LIABILITIES] 23,771
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,554,014
[SHARES-COMMON-STOCK] 158,052
[SHARES-COMMON-PRIOR] 129,274
[ACCUMULATED-NII-CURRENT] 16,515
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 40,249
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 137,893
[NET-ASSETS] 1,748,671
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 88,119
[OTHER-INCOME] 0
[EXPENSES-NET] 12,275
[NET-INVESTMENT-INCOME] 75,844
[REALIZED-GAINS-CURRENT] 41,155
[APPREC-INCREASE-CURRENT] 51,301
[NET-CHANGE-FROM-OPS] 168,300
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 77,682
[DISTRIBUTIONS-OF-GAINS] 763
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 64,913
[NUMBER-OF-SHARES-REDEEMED] 42,333
[SHARES-REINVESTED] 6,198
[NET-CHANGE-IN-ASSETS] 403,390
[ACCUMULATED-NII-PRIOR] 17,515
[ACCUMULATED-GAINS-PRIOR] 695
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 7,221
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 33,990
[AVERAGE-NET-ASSETS] 1,444,152
[PER-SHARE-NAV-BEGIN] 10.41
[PER-SHARE-NII] 0.531
[PER-SHARE-GAIN-APPREC] 0.692
[PER-SHARE-DIVIDEND] 0.567
[PER-SHARE-DISTRIBUTIONS] 0.006
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.06
[EXPENSE-RATIO] 0.85
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
[RESTATED]
[CIK] 0000751173
[NAME] EXETER FUND, INC.
[SERIES]
[NAME] MAXIMUM HORIZON SERIES
[NUMBER] 5
[MULTIPLIER] 1
[CURRENCY] 1
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-START] NOV-01-1997
[PERIOD-END] OCT-31-1998
[PERIOD-TYPE] YEAR
[EXCHANGE-RATE] 1
[INVESTMENTS-AT-COST] 20,398,305
[INVESTMENTS-AT-VALUE] 17,924,109
[RECEIVABLES] 809,853
[ASSETS-OTHER] 53,874
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 18,787,836
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 83,279
[TOTAL-LIABILITIES] 83,279
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 20,188,903
[SHARES-COMMON-STOCK] 1,546,424
[SHARES-COMMON-PRIOR] 691,741
[ACCUMULATED-NII-CURRENT] 107,296
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 882,554
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (2,474,196)
[NET-ASSETS] 18,704,557
[DIVIDEND-INCOME] 272,330
[INTEREST-INCOME] 111,518
[OTHER-INCOME] 0
[EXPENSES-NET] 188,156
[NET-INVESTMENT-INCOME] 195,692
[REALIZED-GAINS-CURRENT] 983,037
[APPREC-INCREASE-CURRENT] (2,448,394)
[NET-CHANGE-FROM-OPS] (1,269,665)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 141,415
[DISTRIBUTIONS-OF-GAINS] 1,010,011
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,001,792
[NUMBER-OF-SHARES-REDEEMED] 237,720
[SHARES-REINVESTED] 90,611
[NET-CHANGE-IN-ASSETS] 8,852,863
[ACCUMULATED-NII-PRIOR] 29,439
[ACCUMULATED-GAINS-PRIOR] 1,006,980
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 156,797
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 207,432
[AVERAGE-NET-ASSETS] 15,679,652
[PER-SHARE-NAV-BEGIN] 14.24
[PER-SHARE-NII] 0.134
[PER-SHARE-GAIN-APPREC] (0.935)
[PER-SHARE-DIVIDEND] 0.123
[PER-SHARE-DISTRIBUTIONS] 1.216
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 12.10
[EXPENSE-RATIO] 1.20
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
[ARTICLE] 6
[LEGEND]
[RESTATED]
[CIK] 0000751173
[NAME] EXETER FUND, INC.
[SERIES]
[NAME] TAX MANAGED SERIES
[NUMBER] 8
[MULTIPLIER] 1
[CURRENCY] 1
[FISCAL-YEAR-END] OCT-31-1998
[PERIOD-START] NOV-01-1997
[PERIOD-END] OCT-31-1998
[PERIOD-TYPE] YEAR
[EXCHANGE-RATE] 1
[INVESTMENTS-AT-COST] 725,715
[INVESTMENTS-AT-VALUE] 778,188
[RECEIVABLES] 481
[ASSETS-OTHER] 21,418
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 800,087
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 28,341
[TOTAL-LIABILITIES] 28,341
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 715,002
[SHARES-COMMON-STOCK] 53,364
[SHARES-COMMON-PRIOR] 34,491
[ACCUMULATED-NII-CURRENT] 5,151
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (880)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 52,473
[NET-ASSETS] 771,746
[DIVIDEND-INCOME] 11,029
[INTEREST-INCOME] 2,535
[OTHER-INCOME] 0
[EXPENSES-NET] 8,413
[NET-INVESTMENT-INCOME] 5,151
[REALIZED-GAINS-CURRENT] (878)
[APPREC-INCREASE-CURRENT] (37,135)
[NET-CHANGE-FROM-OPS] (32,862)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 14,205
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 33,205
[NUMBER-OF-SHARES-REDEEMED] 15,294
[SHARES-REINVESTED] 962
[NET-CHANGE-IN-ASSETS] 247,549
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 14,203
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 7,011
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 36,267
[AVERAGE-NET-ASSETS] 701,391
[PER-SHARE-NAV-BEGIN] 15.20
[PER-SHARE-NII] 0.097
[PER-SHARE-GAIN-APPREC] (0.440)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.397
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 14.46
[EXPENSE-RATIO] 1.20
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
INDEPENDENT AUDITORS' REPORT
To the Directors of Exeter Fund, Inc. and Shareholders of Blended Asset
Series I, Blended Asset Series II, Flexible Yield Series I, Flexible Yield
Series II, Flexible Yield Series III, Tax Managed Series, Defensive Series and
Maximum Horizon Series:
In planning and performing our audits of the financial statements of Blended
Asset Series I, Blended Asset Series II, Flexible Yield Series I, Flexible
Yield Series II, Flexible Yield Series III, Tax Managed Series, Defensive
Series and Maximum Horizon Series (eight of the portfolios constituting Exeter
Fund, Inc.) (the "Funds") for the year ended October 31, 1998 (on which we
have issued our reports dated December 4, 1998), we considered their internal
control, including control activities for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our opinions
on the financial statements and to comply with the requirements of Form N-SAR,
not to provide assurance on the Funds' internal control.
The management of the Funds 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 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 any internal control, errors or fraud may
occur and 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 the Funds' 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 one or more of the internal control components 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 Funds' internal control and its operation, including controls
for safeguarding securities, that we consider to be material weaknesses as
defined above as of October 31, 1998.
This report is intended solely for the information and use of management, the
Directors of the Funds, and the Securities and Exchange Commission.
DELOITTE & TOUCHE LLP
Boston, Massachusetts
December 4, 1998
