<PAGE> PAGE 1
000 A000000 05/31/97
000 C000000 753901
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 BABSON VALUE FUND, INC
001 B000000 811-4114
001 C000000 8164715200
002 A000000 THREE CROWN CENTER, 2440 PERSHING ROAD
002 B000000 KANSAS CITY
002 C000000 MO
002 D010000 64108
002 D020000 2561
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
020 A000001 MERRILL LYNCH PIERCE FENNER & SMITH
020 C000001 43
020 A000002 BROADCORT CAPITAL CORP
020 C000002 41
020 A000003 UBS SECURITIES
020 C000003 37
020 A000004 LIPPER ANALYTICAL DISTRIBUTORS
020 C000004 33
020 A000005 FACTSET DATA SYSTEMS INC.
020 C000005 33
020 A000006 WHEAT FIRST SECURITIES INC.
020 C000006 30
020 A000007 FOX PITT CELTON
020 C000007 22
020 A000008 HOENIG & CO
020 C000008 22
020 A000009 NATWEST SECURITIES CORP
020 C000009 19
020 A000010 CS FIRST BOSTON CORP
020 C000010 19
021 000000 600
022 A000001 UMB BANK, NA
022 C000001 1250475
022 D000001 0
022 A000002 MORGAN STANLEY & CO
022 C000002 6612
022 D000002 0
022 A000003 MERRILL LYNCH PIERCE FENNER & SMITH
<PAGE> PAGE 2
022 C000003 32
022 D000003 3572
022 A000004 PAINE WEBBER
022 C000004 2102
022 D000004 0
022 A000005 GOLDMAN SACHS & CO
022 C000005 0
022 D000005 1042
022 A000006 WEEDEN & CO
022 C000006 878
022 D000006 0
022 A000007 HERZOG HEINE GEDULD
022 C000007 7
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 1260106
023 D000000 4614
028 A010000 41192
028 A020000 10989
028 A030000 0
028 A040000 13978
028 B010000 89008
028 B020000 0
028 B030000 0
028 B040000 33587
028 C010000 87501
028 C020000 0
028 C030000 0
028 C040000 16177
028 D010000 67951
028 D020000 2297
028 D030000 0
028 D040000 22156
028 E010000 63865
028 E020000 0
028 E030000 0
028 E040000 28043
028 F010000 58139
028 F020000 0
028 F030000 0
028 F040000 20941
028 G010000 407656
028 G020000 13286
028 G030000 0
028 G040000 134882
028 H000000 0
<PAGE> PAGE 3
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
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
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 Y
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
071 A000000 319431
071 B000000 56986
071 C000000 869123
071 D000000 6
072 A000000 6
072 B000000 1811
072 C000000 8672
072 D000000 0
072 E000000 0
072 F000000 4375
072 G000000 0
072 H000000 0
072 I000000 0
072 J000000 0
072 K000000 0
072 L000000 0
072 M000000 0
072 N000000 169
<PAGE> PAGE 4
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 0
072 S000000 0
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 0
072 X000000 4544
072 Y000000 0
072 Z000000 5939
072AA000000 11895
072BB000000 0
072CC010000 72621
072CC020000 0
072DD010000 5521
072DD020000 0
072EE000000 12342
073 A010000 0.2453
073 A020000 0.0000
073 B000000 0.6087
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 58000
074 D000000 0
074 E000000 5564
074 F000000 1057982
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 660
074 K000000 0
074 L000000 2779
074 M000000 0
074 N000000 1124985
074 O000000 2287
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 56
074 S000000 0
074 T000000 1122642
074 U010000 27049
074 U020000 0
074 V010000 41.50
074 V020000 0.00
074 W000000 0.0000
<PAGE> PAGE 5
074 X000000 31379
074 Y000000 0
075 A000000 0
075 B000000 927123
076 000000 0.00
077 A000000 N
SIGNATURE MICHAEL A BRUMMEL
TITLE VICE PRESIDENT