<PAGE> PAGE 1
000 A000000 06/30/97
000 C000000 0000797136
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 FENIMORE ASSET MANAGEMENT TRUST
001 B000000 811-4750
001 C000000 5182344393
002 A000000 118 N. GRAND STREET
002 B000000 COBLESKILL
002 C000000 NY
002 D010000 12043
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 FAM VALUE FUND
007 C030100 N
007 C010200 2
007 C020200 FAM EQUITY-INCOME FUND
007 C030200 N
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
<PAGE> PAGE 2
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
007 C015100 51
007 C015200 52
007 C015300 53
007 C015400 54
007 C015500 55
007 C015600 56
007 C015700 57
007 C015800 58
007 C015900 59
007 C016000 60
007 C016100 61
007 C016200 62
007 C016300 63
007 C016400 64
007 C016500 65
007 C016600 66
007 C016700 67
007 C016800 68
007 C016900 69
007 C017000 70
007 C017100 71
007 C017200 72
007 C017300 73
007 C017400 74
007 C017500 75
007 C017600 76
<PAGE> PAGE 3
007 C017700 77
007 C017800 78
007 C017900 79
007 C018000 80
008 A00AA01 FENIMORE ASSET MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-10429
008 D01AA01 COBLESKILL
008 D02AA01 NY
008 D03AA01 12043
013 A00AA01 MCGLADREY & PULLEN, LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10017
013 B04AA01 2416
015 A00AA01 CHASE MANHATTAN BANK, NA
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10003
015 C04AA01 9598
015 E01AA01 X
020 A000001 ITG - POSIT
020 B000001 95-4339369
020 C000001 14
020 A000002 WEATHERLY SECURITIES
020 B000002 53-2798343
020 C000002 10
020 A000003 ROBINSON HUMPHREY
020 B000003 13-2869611
020 C000003 7
020 A000004 KIRKPATRICK, PETTES
020 B000004 47-0301070
020 C000004 5
020 A000005 INSTINET
020 B000005 13-3443395
020 C000005 5
020 A000006 BARRINGTON RESEARCH ASSOC.
020 B000006 36-3241913
020 C000006 2
020 A000007 MCGINN SMITH
020 B000007 14-1620471
020 C000007 2
020 A000008 JEFFRIES & COMPANY
020 B000008 95-2622900
020 C000008 2
020 C000009 0
020 C000010 0
021 000000 47
022 A000001 BT BROKERAGE
022 B000001 22-2608045
<PAGE> PAGE 4
022 C000001 3209
022 D000001 0
022 A000002 KEEFE BRUYETTE
022 B000002 13-1964616
022 C000002 2217
022 D000002 0
022 A000003 JEFFRIES & COMPANY
022 B000003 95-2622900
022 C000003 0
022 D000003 1707
022 A000004 ROBERT BAIRD & COMPANY
022 B000004 39-6037917
022 C000004 0
022 D000004 1425
022 A000005 FOX-PIT KELTON
022 B000005 06-1058201
022 C000005 843
022 D000005 0
022 A000006 MERRILL LYNCH
022 B000006 13-5674085
022 C000006 201
022 D000006 0
022 A000007 BLACK & COMPANY
022 B000007 93-0479581
022 C000007 0
022 D000007 172
022 A000008 HOEFER & ARNETT
022 B000008 94-2831518
022 C000008 0
022 D000008 165
022 A000009 PAINE WEBER
022 B000009 13-2638166
022 C000009 84
022 D000009 0
022 A000010 HERZOG
022 B000010 13-1955436
022 C000010 0
022 D000010 82
023 C000000 6600
023 D000000 3570
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
<PAGE> PAGE 5
026 C000000 N
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 N
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
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 1.000
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
<PAGE> PAGE 6
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 0.0
066 A00AA00 Y
066 B00AA00 N
066 C00AA00 N
066 D00AA00 N
066 E00AA00 Y
066 F00AA00 N
066 G00AA00 N
070 A01AA00 N
070 A02AA00 N
070 B01AA00 N
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
<PAGE> PAGE 7
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 N
070 J02AA00 N
070 K01AA00 N
070 K02AA00 N
070 L01AA00 Y
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 N
070 N02AA00 N
070 O01AA00 N
070 O02AA00 N
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
077 A000000 N
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 B00AA00 0
084 B00AA00 0
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
028 A010100 2010
028 A020100 0
028 A030100 0
028 A040100 9302
028 B010100 2408
028 B020100 0
028 B030100 0
028 B040100 10907
028 C010100 1455
028 C020100 0
028 C030100 0
028 C040100 5475
<PAGE> PAGE 8
028 D010100 1282
028 D020100 0
028 D030100 0
028 D040100 3060
028 E010100 2309
028 E020100 0
028 E030100 0
028 E040100 4112
028 F010100 2249
028 F020100 0
028 F030100 0
028 F040100 4441
028 G010100 11713
028 G020100 0
028 G030100 0
028 G040100 37297
028 H000100 0
049 000100 N
050 000100 Y
051 000100 N
052 000100 N
053 A000100 N
054 A000100 Y
054 B000100 Y
054 C000100 Y
054 D000100 N
054 E000100 N
054 F000100 N
054 G000100 N
054 H000100 Y
054 I000100 N
054 J000100 Y
054 K000100 N
054 L000100 N
054 M000100 Y
054 N000100 N
054 O000100 N
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 2000
071 A000100 6147
071 B000100 32520
071 C000100 232928
071 D000100 3
072 A000100 6
<PAGE> PAGE 9
072 B000100 289
072 C000100 1571
072 D000100 0
072 E000100 0
072 F000100 1210
072 G000100 30
072 H000100 0
072 I000100 143
072 J000100 19
072 K000100 3
072 L000100 59
072 M000100 6
072 N000100 17
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 9
072 S000100 8
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 10
072 X000100 1514
072 Y000100 0
072 Z000100 346
072AA000100 0
072BB000100 3592
072CC010100 34446
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 10172
074 B000100 0
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 248239
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 303
074 K000100 0
074 L000100 176
074 M000100 0
074 N000100 258890
074 O000100 183
<PAGE> PAGE 10
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 314
074 S000100 0
074 T000100 258393
074 U010100 8587
074 U020100 0
074 V010100 30.09
074 V020100 0.00
074 W000100 0.0000
074 X000100 13239
074 Y000100 0
075 A000100 0
075 B000100 232928
076 000100 0.00
028 A010200 208
028 A020200 0
028 A030200 0
028 A040200 2
028 B010200 199
028 B020200 0
028 B030200 0
028 B040200 36
028 C010200 43
028 C020200 0
028 C030200 0
028 C040200 9
028 D010200 137
028 D020200 0
028 D030200 0
028 D040200 48
028 E010200 50
028 E020200 0
028 E030200 0
028 E040200 69
028 F010200 86
028 F020200 0
028 F030200 0
028 F040200 6
028 G010200 723
028 G020200 0
028 G030200 0
028 G040200 170
028 H000200 0
049 000200 N
050 000200 Y
051 000200 N
052 000200 N
<PAGE> PAGE 11
053 A000200 Y
053 B000200 Y
053 C000200 N
054 A000200 Y
054 B000200 Y
054 C000200 Y
054 D000200 Y
054 E000200 Y
054 F000200 Y
054 G000200 Y
054 H000200 Y
054 I000200 Y
054 J000200 Y
054 K000200 Y
054 L000200 Y
054 M000200 Y
054 N000200 Y
054 O000200 Y
055 A000200 N
055 B000200 N
056 000200 Y
057 000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 10000
071 A000200 488
071 B000200 0
071 C000200 2167
071 D000200 23
072 A000200 6
072 B000200 19
072 C000200 44
072 D000200 0
072 E000200 0
072 F000200 15
072 G000200 0
072 H000200 0
072 I000200 2
072 J000200 2
072 K000200 0
072 L000200 1
072 M000200 5
072 N000200 15
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 11
072 S000200 2
072 T000200 0
<PAGE> PAGE 12
072 U000200 1
072 V000200 0
072 W000200 0
072 X000200 54
072 Y000200 32
072 Z000200 41
072AA000200 0
072BB000200 0
072CC010200 283
072CC020200 0
072DD010200 40
072DD020200 0
072EE000200 0
073 A010200 0.1500
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 70
074 B000200 0
074 C000200 0
074 D000200 0
074 E000200 3338
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 10
074 M000200 11
074 N000200 3429
074 O000200 0
074 P000200 3
074 Q000200 0
074 R010200 26
074 R020200 0
074 R030200 0
074 R040200 0
074 S000200 0
074 T000200 3400
074 U010200 283
074 U020200 0
074 V010200 12.02
074 V020200 0.00
074 W000200 0.0000
074 X000200 146
074 Y000200 0
075 A000200 0
075 B000200 2167
076 000200 0.00
<PAGE> PAGE 13
SIGNATURE BARBARA A. DWYER
TITLE EDGAR DEPT. HEAD
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000797136
<NAME> FENIMORE ASSET MANAGEMENT TRUST
<SERIES>
<NUMBER> 1
<NAME> FAM VALUE FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 152,225,094
<INVESTMENTS-AT-VALUE> 248,239,250
<RECEIVABLES> 478,323
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 10,172,336
<TOTAL-ASSETS> 258,889,909
<PAYABLE-FOR-SECURITIES> 183,076
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 313,963
<TOTAL-LIABILITIES> 497,039
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 155,800,944
<SHARES-COMMON-STOCK> 8,587,308
<SHARES-COMMON-PRIOR> 9,549,315
<ACCUMULATED-NII-CURRENT> 346,356
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 102,245,570
<NET-ASSETS> 258,392,870
<DIVIDEND-INCOME> 1,571,063
<INTEREST-INCOME> 289,084
<OTHER-INCOME> 0
<EXPENSES-NET> (1,514,074)
<NET-INVESTMENT-INCOME> 1,860,147
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 30,852,751
<NET-CHANGE-FROM-OPS> 31,198,824
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 436,992
<NUMBER-OF-SHARES-REDEEMED> 1,398,999
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5,014,501
<ACCUMULATED-NII-PRIOR> 283
<ACCUMULATED-GAINS-PRIOR> 619
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,209,595
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,514,074
<AVERAGE-NET-ASSETS> 244,111,774
<PER-SHARE-NAV-BEGIN> 26.53
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> 3.52
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 30.09
<EXPENSE-RATIO> 1.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000797136
<NAME> FENIMORE ASSET MANAGEMENT TRUST
<SERIES>
<NUMBER> 2
<NAME> FAM EQUITY-INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 2,861,483
<INVESTMENTS-AT-VALUE> 3,337,737
<RECEIVABLES> 9,691
<ASSETS-OTHER> 81,518
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,428,946
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 29,147
<TOTAL-LIABILITIES> 29,147
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,923,564
<SHARES-COMMON-STOCK> 282,814
<SHARES-COMMON-PRIOR> 231,033
<ACCUMULATED-NII-CURRENT> 61
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (79)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 476,253
<NET-ASSETS> 3,399,799
<DIVIDEND-INCOME> 43,783
<INTEREST-INCOME> 18,792
<OTHER-INCOME> 0
<EXPENSES-NET> (22,045)
<NET-INVESTMENT-INCOME> 40,530
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 282,799
<NET-CHANGE-FROM-OPS> 323,329
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (40,459)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 66,438
<NUMBER-OF-SHARES-REDEEMED> 17,825
<SHARES-REINVESTED> 3,168
<NET-CHANGE-IN-ASSETS> 861,276
<ACCUMULATED-NII-PRIOR> (10)
<ACCUMULATED-GAINS-PRIOR> (79)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 14,697
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 53,978
<AVERAGE-NET-ASSETS> 2,970,014
<PER-SHARE-NAV-BEGIN> 10.99
<PER-SHARE-NII> .15
<PER-SHARE-GAIN-APPREC> 1.03
<PER-SHARE-DIVIDEND> (.15)
<PER-SHARE-DISTRIBUTIONS> (.15)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.02
<EXPENSE-RATIO> 1.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
