BAILARD BIEHL & KAISER FUND GROUP INC
NSAR-A, 1996-05-24
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<PAGE>      PAGE  1
000 A000000 03/31/96
000 C000000 0000800075
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 J000000 A
001 A000000 BAILARD, BIEHL & KAISER FUND GROUP
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001 C000000 4155715800
002 A000000 2755 CAMPUS DRIVE
002 B000000 SAN MATEO
002 C000000 CA
002 D010000 94403
003  000000 N
004  000000 N
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006  000000 N
007 A000000 Y
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007 C010100  1
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020 A000004 F G VALORES Y BOLSA SA
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020 A000005 BZW SECURITIES
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020 A000006 LEWCO SECURITIES
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020 A000007 SPEAR LEEDS & KELLOGG
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020 A000008 QUAKER SECURITIES INC.
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020 A000009 ISI GROUP INC.
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020 C000009      2
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008 C000101 801-8562
008 D010101 SAN MATEO
008 D020101 CA
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010 A000101 INVESTMENT COMPANY ADMINISTRATION CORP.
010 C010101 GLENDORA
010 C020101 CA
010 C030101 91741
012 A000101 MUTUAL FUNDS SERVICE COMPANY
012 B000101 84-1719
012 C010101 BOSTON
012 C020101 MA
012 C030101 02208
013 A000101 PRICE WATERHOUSE LLP
013 B010101 BOSTON
013 B020101 MA
013 B030101 02110
014 A000101 BB&K FUND SERVICES, INC.
014 B000101 8-38672
015 A000101 BROWN BROTHERS HARRIMAN & CO.
015 B000101 C
015 C010101 BOSTON
015 C020101 MA
015 C030101 02109
015 E010101 X
015 A000102 BANCA COMMERCIALE ITALIANA
015 B000102 S
015 C010102 MILAN
015 D010102 ITALY
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015 A000103 CITIBANK, N.A. JAKARTA
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<PAGE>      PAGE  4
015 C010103 JAKARTA
015 D010103 INDONESIA
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015 A000104 BANCO SANTANDER, SA
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015 D010104 SPAIN
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015 A000105 CANADIAN IMPERIAL BANK OF COMMERCE
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015 A000106 THE CHASE MANHATTAN BANK, HONG KONG
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015 A000108 SUMITOMO TRUST & BANKING CO. LTD
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015 D010108 JAPAN
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015 A000110 DEN DANSKE BANK
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<PAGE>      PAGE  5
015 D010113 MALAYSIA
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015 A000116 MORGAN GUARANTY TRUST CO. OF N.Y., BRUSSELS
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015 A000117 MORGAN GUARANTY TRUST CO. OF N.Y., LONDON
015 B000117 S
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015 D010117 UNITED KINGDOM
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015 A000118 MORGAN GUARANTY TRUST CO. OF N.Y., PARIS
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015 C010118 PARIS
015 D010118 FRANCE
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015 A000119 SWISS BANK CORP.
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015 C010119 ZURICH
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015 A000120 NATIONAL AUSTRALIA BANK LIMITED
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015 C010120 MELBOURNE
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015 A000121 SKANDINAVISKA ENSKILDA BANKEN
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015 A000122 UNION BANK OF FINLAND
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015 A000123 CITIBANK MEXICO, S.A.
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<PAGE>      PAGE  6
015 E040123 X
015 A000124 FIRST NATIONAL BANK OF SOUTHERN AFRICA
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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052  000100 N
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054 C000100 N
054 D000100 N
054 E000100 N
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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SIGNATURE   ERIC BANHAZL                                 
TITLE       SR. VICE PRESIDENT  
 


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<NAME> BAILARD, BIEHL & KAISER FUND GROUP
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   <NAME> BAILARD, BIEHL & KAISER DIVERSA FUND
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