FENIMORE ASSET MANAGEMENT TRUST
NSAR-A, 1998-08-21
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<PAGE>      
PAGE  1
000 A000000 06/30/98
000 C000000 0000797136
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 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
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
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10017
013 B04AA01 2416
015 A00AA01 CHASE MANHATTAN BANK, N.A.
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
<PAGE>
PAGE  2
015 C03AA01 10003
015 C04AA01 9598
015 E01AA01 X
020 A000001 WEATHERLY SECURITIES
020 B000001 53-2798343
020 C000001      9
020 A000002 ROBINSON HUMPHREY
020 B000002 13-2869611
020 C000002      7
020 A000003 INSTINET
020 B000003 13-3443395
020 C000003      7
020 A000004 ITG - POSIT
020 B000004 95-4339369
020 C000004      4
020 A000005 ADVEST
020 B000005 06-0950348
020 C000005      4
020 A000006 A.B. WATLEY, INC.
020 B000006 11-1898284
020 C000006      3
020 A000007 KIRKPATRICK, PETTES
020 B000007 47-0301070
020 C000007      3
020 A000008 PAINE WEBBER
020 B000008 13-2638166
020 C000008      2
020 A000009 WECKSTEIN & CO
020 B000009 13-3409532
020 C000009      2
020 A000010 CLEARLY GULL
020 B000010 39-1567700
020 C000010      2
021  000000       50
022 A000001 BT BROKERAGE
022 B000001 22-2608045
022 C000001     53930
022 D000001     54300
022 A000002 ROBERT BAIRD & COMPANY
022 B000002 39-6037917
022 C000002      4029
022 D000002         0
022 A000003 ROBINSON HUMPHREY
022 B000003 13-2869611
022 C000003      1187
022 D000003        95
022 A000004 WEDBUSH
022 B000004 95-2495390
022 C000004       692
022 D000004         0
022 A000005 TROSTER SINGER
<PAGE>
PAGE  3
022 B000005 13-5515160
022 C000005       474
022 D000005         0
022 A000006 JEFFRIES & COMPANY
022 B000006 95-2622900
022 C000006         0
022 D000006       420
022 A000007 HOEFER & ARNETT
022 B000007 94-2831518
022 C000007       371
022 D000007         0
022 A000008 WEATHERLY SECURITIES
022 B000008 53-2798343
022 C000008         0
022 D000008       362
022 A000009 KINNARD
022 B000009 41-0853893
022 C000009       343
022 D000009         0
022 A000010 J.C. BRADFORD
022 B000010 62-0136910
022 C000010         0
022 D000010       115
023 C000000      61198
023 D000000      55353
024  00AA00 N
026 A000000 N
026 B000000 Y
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
<PAGE>
PAGE  4
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
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
<PAGE>
PAGE  5
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
067  00AA00 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
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
<PAGE>
PAGE  6
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     12543
028 A020100         0
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028 A040100      6474
028 B010100     10299
028 B020100         0
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028 B040100      5343
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028 C020100         0
028 C030100         0
028 C040100     13340
028 D010100      8738
028 D020100         0
028 D030100         0
028 D040100     20243
028 E010100      5924
028 E020100         0
028 E030100         0
028 E040100      7601
028 F010100      7808
028 F020100         0
028 F030100         0
028 F040100      5971
028 G010100     59406
028 G020100         0
028 G030100         0
028 G040100     58972
028 H000100         0
049  000100 N
050  000100 Y
051  000100 N
052  000100 N
053 A000100 N
<PAGE>
PAGE  7
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     21693
071 B000100     21404
071 C000100    318804
071 D000100    7
072 A000100  6
072 B000100     1020
072 C000100     2035
072 D000100        0
072 E000100        0
072 F000100     1776
072 G000100       44
072 H000100        0
072 I000100      140
072 J000100       17
072 K000100        3
072 L000100       72
072 M000100       11
072 N000100       40
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100       28
072 S000100       12
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100       25
<PAGE>
PAGE  8
072 X000100     2168
072 Y000100        0
072 Z000100      887
072AA000100     9740
072BB000100        0
072CC010100    21644
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    28276
074 B000100        0
074 C000100        0
074 D000100        0
074 E000100        0
074 F000100   338351
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100      354
074 M000100        0
074 N000100   366981
074 O000100      121
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100      475
074 S000100        0
074 T000100   366385
074 U010100     9381
074 U020100        0
074 V010100    39.06
074 V020100     0.00
074 W000100   0.0000
074 X000100    13585
074 Y000100        0
075 A000100        0
075 B000100   358482
076  000100     0.00
028 A010200       150
028 A020200         0
028 A030200         0
028 A040200        20
<PAGE>
PAGE  9
028 B010200       201
028 B020200         0
028 B030200         0
028 B040200         0
028 C010200       396
028 C020200         0
028 C030200         0
028 C040200        19
028 D010200       483
028 D020200         0
028 D030200         0
028 D040200        65
028 E010200       143
028 E020200         0
028 E030200         0
028 E040200        66
028 F010200        82
028 F020200         0
028 F030200         0
028 F040200        61
028 G010200      1455
028 G020200         0
028 G030200         0
028 G040200       231
028 H000200         0
049  000200 N
050  000200 Y
051  000200 N
052  000200 N
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
<PAGE>
PAGE  10
058 A000200 N
059  000200 Y
060 A000200 Y
060 B000200 Y
061  000200    10000
071 A000200      1834
071 B000200       175
071 C000200      4233
071 D000200    4
072 A000200  6
072 B000200       34
072 C000200       74
072 D000200        0
072 E000200        0
072 F000200       27
072 G000200        1
072 H000200        0
072 I000200        3
072 J000200        2
072 K000200        0
072 L000200        0
072 M000200       11
072 N000200       11
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200        9
072 S000200        0
072 T000200        0
072 U000200        1
072 V000200        0
072 W000200        0
072 X000200       65
072 Y000200       25
072 Z000200       68
072AA000200        0
072BB000200       26
072CC010200      196
072CC020200        0
072DD010200        0
072DD020200        0
072EE000200        0
073 A010200   0.0000
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200      163
074 B000200        0
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<PAGE>
PAGE  11
074 F000200     6087
074 G000200        0
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074 J000200        0
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074 L000200       17
074 M000200        8
074 N000200     6275
074 O000200        0
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074 R030200        0
074 R040200        0
074 S000200       72
074 T000200     6203
074 U010200      453
074 U020200        0
074 V010200    13.69
074 V020200     0.00
074 W000200   0.0000
074 X000200      218
074 Y000200        0
075 A000200        0
075 B000200     5484
076  000200     0.00
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-31-1998
<PERIOD-START>                                      JAN-01-1998
<PERIOD-END>                                        JUN-30-1998
<INVESTMENTS-AT-COST>                               166,176,446
<INVESTMENTS-AT-VALUE>                              338,350,634
<RECEIVABLES>                                           353,941
<ASSETS-OTHER>                                                0
<OTHER-ITEMS-ASSETS>                                 28,276,217
<TOTAL-ASSETS>                                      366,980,792
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<SENIOR-EQUITY>                                               0
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<SHARES-COMMON-STOCK>                                 9,380,926
<SHARES-COMMON-PRIOR>                                 9,317,777
<ACCUMULATED-NII-CURRENT>                               887,226
<OVERDISTRIBUTION-NII>                                        0
<ACCUMULATED-NET-GAINS>                               9,741,008
<OVERDISTRIBUTION-GAINS>                                      0
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<NET-ASSETS>                                        366,385,490
<DIVIDEND-INCOME>                                     2,035,243
<INTEREST-INCOME>                                     1,019,448
<OTHER-INCOME>                                                0
<EXPENSES-NET>                                       (2,167,666)
<NET-INVESTMENT-INCOME>                                 887,025
<REALIZED-GAINS-CURRENT>                              9,740,068
<APPREC-INCREASE-CURRENT>                            21,644,294
<NET-CHANGE-FROM-OPS>                                32,271,387
<EQUALIZATION>                                                0
<DISTRIBUTIONS-OF-INCOME>                                     0
<DISTRIBUTIONS-OF-GAINS>                                      0
<DISTRIBUTIONS-OTHER>                                         0
<NUMBER-OF-SHARES-SOLD>                               1,618,177
<NUMBER-OF-SHARES-REDEEMED>                           1,555,028
<SHARES-REINVESTED>                                           0
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<ACCUMULATED-NII-PRIOR>                                     201
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<OVERDISTRIB-NII-PRIOR>                                       0
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<GROSS-EXPENSE>                                       2,167,666
<AVERAGE-NET-ASSETS>                                358,482,154
<PER-SHARE-NAV-BEGIN>                                     35.76
<PER-SHARE-NII>                                             .09
<PER-SHARE-GAIN-APPREC>                                    3.21
<PER-SHARE-DIVIDEND>                                          0
<PER-SHARE-DISTRIBUTIONS>                                     0
<RETURNS-OF-CAPITAL>                                          0
<PER-SHARE-NAV-END>                                       39.06
<EXPENSE-RATIO>                                            1.22
<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-31-1998
<PERIOD-START>                                      JAN-01-1998
<PERIOD-END>                                        JUN-30-1998
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<INVESTMENTS-AT-VALUE>                                6,087,242
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<OTHER-ITEMS-ASSETS>                                    163,060
<TOTAL-ASSETS>                                        6,275,203
<PAYABLE-FOR-SECURITIES>                                      0
<SENIOR-LONG-TERM-DEBT>                                       0
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<SENIOR-EQUITY>                                               0
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<OVERDISTRIBUTION-NII>                                        0
<ACCUMULATED-NET-GAINS>                                 (25,620)
<OVERDISTRIBUTION-GAINS>                                      0
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<REALIZED-GAINS-CURRENT>                                (25,570)
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<NET-CHANGE-FROM-OPS>                                   237,959
<EQUALIZATION>                                                0
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<ACCUMULATED-NII-PRIOR>                                      20
<ACCUMULATED-GAINS-PRIOR>                                   (50)
<OVERDISTRIB-NII-PRIOR>                                       0
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<PER-SHARE-NII>                                             .17
<PER-SHARE-GAIN-APPREC>                                     .49
<PER-SHARE-DIVIDEND>                                       (.17)
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<EXPENSE-RATIO>                                             1.5
<AVG-DEBT-OUTSTANDING>                                        0
<AVG-DEBT-PER-SHARE>                                          0
                                                           
                                                           
                                                           

</TABLE>


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