GALAXY FUND /DE/
NSAR-A, 1999-03-29
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<PAGE>      PAGE  1
000 A000000 01/31/99
000 C000000 0000791914
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 THE GALAXY FUND
001 B000000 811-4636
001 C000000 5086245944
002 A000000 4400 COMPUTER DRIVE
002 B000000 WESTBORO
002 C000000 MA
002 D010000 01581
002 D020000 5108
003  000000 Y
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 29
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C022700 PRIME RESERVES FUND
<PAGE>      PAGE  2
007 C032700 N
007 C012800 28
007 C022800 GOVERNMENT RESERVES FUND
007 C032800 N
007 C012900 29
007 C022900 TAX-EXEMPT RESERVES FUND
007 C032900 N
007 C013000 30
008 A00AA01 FLEET INVESTMENT ADVISORS INC.
008 B00AA01 A
008 C00AA01 801-20312
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02109
010 A00AA01 FIRST DATA INVESTOR SERVICES GROUP, INC.
010 B00AA01 84-01761
010 C01AA01 WESTBORO
010 C02AA01 MA
010 C03AA01 01581
010 C04AA01 5108
011 A00AA01 FIRST DATA DISTRIBUTORS, INC.
011 B00AA01 8-00000000
011 C01AA01 WESTBORO
011 C02AA01 MA
011 C03AA01 01581
011 C04AA01 5108
012 A00AA01 FIRST DATA INVESTOR SERVICES GROUP, INC.
012 B00AA01 84-01761
012 C01AA01 WESTBORO
012 C02AA01 MA
012 C03AA01 01581
012 C04AA01 5108
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02116
014 A00AA01 FLEET BROKERAGE SECURITIES, INC.
014 B00AA01 8-00000000
014 A00AA02 FLEET SECURITIES, INC.
014 B00AA02 8-00000000
014 A00AA03 FIS SECURITIES, INC.
014 B00AA03 8-00000000
014 A00AA04 FLEET ASSOCIATES, INC.
014 B00AA04 8-00000000
014 A00AA05 FLEET ENTERPRISES, INC.
014 B00AA05 8-00000000
014 A00AA06 FMG SECURITIES CORP.
014 B00AA06 8-00000000
014 A00AA07 FLEET CLEARING CORP.
014 B00AA07 8-00000000
014 A00AA08 QUICK & REILLY, INC.
<PAGE>      PAGE  3
014 B00AA08 8-00000000
015 A00AA01 CHASE MANHATTAN BANK, N.A.
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10036
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   42
019 C00AA00 GALAXYFUND
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 GOLDMAN SACHS & CO.
022 B000001 13-5108880
022 C000001  15778152
022 D000001    197810
022 A000002 HSBC SECURITIES
022 C000002  12006497
022 D000002         0
022 A000003 MORGAN (J.P.) SECURITIES
022 B000003 13-3224016
022 C000003   9999517
022 D000003         0
022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000004 13-5674085
022 C000004   8363971
022 D000004     54395
022 A000005 MORGAN STANLEY & CO.
022 B000005 13-2655998
022 C000005   6991173
022 D000005      4400
022 A000006 STATE STREET BANK & TRUST
022 B000006 04-1867445
022 C000006   6366932
022 D000006         0
022 A000007 LEHMAN BROTHERS
022 C000007   4021769
022 D000007         0
022 A000008 FIRST BOSTON CORP.
022 B000008 13-5659485
022 C000008   1245168
<PAGE>      PAGE  4
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022 A000009 ASSOCIATES CORP.
022 C000009    968785
022 D000009         0
022 A000010 GENERAL MOTORS
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041  00AA00 Y
045  00AA00 Y
046  00AA00 N
047  00AA00 Y
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048 A02AA00 0.400
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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
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<PAGE>      PAGE  10
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050  002800 N
051  002800 N
052  002800 Y
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056  002800 N
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062 D002800   9.8
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  15
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SIGNATURE   WILLIAM GREILICH                             
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 27
   <NAME> PRIME RESERVES FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-END>                               JAN-31-1999
<INVESTMENTS-AT-COST>                    3,904,498,339
<INVESTMENTS-AT-VALUE>                   3,904,498,339
<RECEIVABLES>                                5,039,251
<ASSETS-OTHER>                                  52,248
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           3,909,589,838
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    9,548,206
<TOTAL-LIABILITIES>                          9,548,206
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 3,900,041,632
<SHARES-COMMON-STOCK>                    3,900,041,632
<SHARES-COMMON-PRIOR>                                0
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<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                             3,900,041,632
<DIVIDEND-INCOME>                              310,802
<INTEREST-INCOME>                           67,669,801
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              12,601,181
<NET-INVESTMENT-INCOME>                     55,379,422
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                       55,379,422
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   55,379,422
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
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<PER-SHARE-NAV-BEGIN>                             1.00
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<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.96
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 28
   <NAME> GOVERNMENT RESERVES FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-END>                               JAN-31-1999
<INVESTMENTS-AT-COST>                      160,654,613
<INVESTMENTS-AT-VALUE>                     160,654,613
<RECEIVABLES>                                  169,187
<ASSETS-OTHER>                                  22,836
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             160,846,636
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      401,022
<TOTAL-LIABILITIES>                            401,022
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   160,445,614
<SHARES-COMMON-STOCK>                      160,445,614
<SHARES-COMMON-PRIOR>                               10
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               160,445,614
<DIVIDEND-INCOME>                               91,006
<INTEREST-INCOME>                            2,892,677
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 573,649
<NET-INVESTMENT-INCOME>                      2,410,034
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        2,410,034
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    2,410,034
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    329,051,880
<NUMBER-OF-SHARES-REDEEMED>                170,192,660
<SHARES-REINVESTED>                          1,586,384
<NET-CHANGE-IN-ASSETS>                     160,445,604
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          232,616
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                573,649
<AVERAGE-NET-ASSETS>                           160,805
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.01
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                              0.01
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.99
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 29
   <NAME> TAX-EXEMPT RESERVES FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-END>                               JAN-31-1999
<INVESTMENTS-AT-COST>                      158,008,746
<INVESTMENTS-AT-VALUE>                     158,008,746
<RECEIVABLES>                                  804,965
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             158,813,711
<PAYABLE-FOR-SECURITIES>                     6,954,204
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      406,385
<TOTAL-LIABILITIES>                          7,360,589
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   151,453,122
<SHARES-COMMON-STOCK>                      151,453,122
<SHARES-COMMON-PRIOR>                               10
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               151,453,122
<DIVIDEND-INCOME>                               33,318
<INTEREST-INCOME>                            1,610,250
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 510,814
<NET-INVESTMENT-INCOME>                      1,132,754
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        1,132,754
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,132,754
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    341,773,767
<NUMBER-OF-SHARES-REDEEMED>                191,350,745
<SHARES-REINVESTED>                          1,030,090
<NET-CHANGE-IN-ASSETS>                     151,453,112
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          205,800
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                512,337
<AVERAGE-NET-ASSETS>                           142,267
<PER-SHARE-NAV-BEGIN>                                1
<PER-SHARE-NII>                                   0.01
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                              0.01
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.99
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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