<PAGE> PAGE 1
000 A000000 06/30/96
000 C000000 0000770200
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
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000 I000000 3.0
000 J000000 A
001 A000000 MIDAS FUND, INC
001 B000000 811-98229
001 C000000 2127850900
002 A000000 11 HANOVER SQUARE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10005
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007 C010800 8
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008 A000001 LION RESOURCE MANAGEMENT LIMITED
008 B000001 S
008 C000001 801-34468
008 D010001 LONDON
008 D050001 ENGLAND
008 D060001 SW7 3H6
008 A000002 MIDAS MANAGEMENT CORPORATION
008 B000002 A
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008 D010002 NEW YORK
008 D020002 NY
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011 A000001 INVESTOR SERVICE CENTER, INC.
011 B000001 8-29751
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10005
012 A000001 DST SYSTEMS, INC.
012 B000001 84-00448
<PAGE> PAGE 2
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64105
013 A000001 TAIT, WELLER & BAKER
013 B010001 PHILADELPHIA
013 B020001 PA
013 B030001 19102
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014 A000001 BULL & BEAR SECURITIES, INC.
014 B000001 8-31732
015 A000001 INVESTORS BANK & TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02111
015 E010001 X
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020 A000001 BULL & BEAR SECURITIES INC.
020 B000001 13-3207082
020 C000001 113
020 A000002 BURNS FRY HOARE GOVETT INC.
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020 C000002 105
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020 B000004 ----------
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020 A000006 FLEMING MARTIN
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020 A000007 MARLEAU LEMIRE INC.
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020 C000008 18
020 A000009 FIDELITY CAPITAL MARKETS
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020 A000010 DEAN WITTER REYNOLDS INC.
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<PAGE> PAGE 3
022 A000001 FOREIGN CURRENCY TRANSACTIONS
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022 C000001 39323
022 D000001 36922
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022 C000003 5460
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022 C000005 4888
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022 A000006 BANKAMERICA TRUST CO.
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022 A000007 PRUDENTIAL SECURITIES INC.
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022 C000007 4976
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022 A000008 MORGAN STANLEY & CO. INC.
022 B000008 13-2655998
022 C000008 3080
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022 A000009 SCHWAB CHAS. & CO.
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022 C000009 2747
022 D000009 33
022 A000010 CM OLIVER
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
074 X000000 13970
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SIGNATURE JOSEPH LEUNG
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from Midas Fund
Semi-Annual Report and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<CIK> 0000770200
<NAME> Midas Fund, Inc.
<MULTIPLIER> 1
<CURRENCY> U.S. Dollar
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 177,469,216
<INVESTMENTS-AT-VALUE> 174,670,430
<RECEIVABLES> 7,395,426
<ASSETS-OTHER> 3,210,885
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 185,276,741
<PAYABLE-FOR-SECURITIES> 3,581,070
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 5,600,864
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 182,347,781
<SHARES-COMMON-STOCK> 32,925,933
<SHARES-COMMON-PRIOR> 3,707,726
<ACCUMULATED-NII-CURRENT> (373,200)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,078,853)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,800,921)
<NET-ASSETS> 176,094,807
<DIVIDEND-INCOME> 233,628
<INTEREST-INCOME> 277,105
<OTHER-INCOME> 0
<EXPENSES-NET> 883,934
<NET-INVESTMENT-INCOME> (373,200)
<REALIZED-GAINS-CURRENT> (3,161,991)
<APPREC-INCREASE-CURRENT> (4,498,984)
<NET-CHANGE-FROM-OPS> (8,034,175)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 39,079,378
<NUMBER-OF-SHARES-REDEEMED> 9,861,171
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 160,341,764
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 83,138
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 542,722
<INTEREST-EXPENSE> 6,243
<GROSS-EXPENSE> 894,987
<AVERAGE-NET-ASSETS> 109,150,983
<PER-SHARE-NAV-BEGIN> 4.25
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> 1.11
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<PER-SHARE-NAV-END> 5.35
<EXPENSE-RATIO> 1.62
<AVG-DEBT-OUTSTANDING> 186,882
<AVG-DEBT-PER-SHARE> .01
</TABLE>
