<PAGE> PAGE 1
000 A000000 03/31/97
000 C000000 0000800075
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 BAILARD, BIEHL & KAISER FUND GROUP
001 B000000 811-04828
001 C000000 4155715800
002 A000000 950 TOWER LANE, SUITE 1900
002 B000000 FOSTER CITY
002 C000000 CA
002 D010000 94404
002 D020000 2131
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 BAILARD, BIEHL & KAISER DIVERSA FUND
007 C030100 N
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
020 A000001 INSTINET
020 B000001 13-3443395
020 C000001 19
020 A000002 CAPITAL INSTITUTIONAL SERVICES INC.
020 B000002 75-1565705
020 C000002 3
020 A000003 QUAKER SECURITIES INC.
020 C000003 2
020 A000004 STANDARD & POORS SECURITIES
020 B000004 13-2671951
020 C000004 1
020 A000005 ING BARING
020 C000005 1
020 A000006 AUTRANET INC.
020 B000006 13-2961507
020 C000006 1
<PAGE> PAGE 2
020 A000007 CITIBANK
020 C000007 1
020 A000008 SCHRODER WERTHEIM & CO. INCORPORATED
020 B000008 13-2697272
020 C000008 1
020 A000009 HIGH TECH
020 C000009 1
020 A000010 CANTOR FITZGERALD & CO. INC.
020 B000010 13-3680184
020 C000010 1
021 000000 40
022 A000001 BROWN BROTHERS HARRIMAN & CO.
022 B000001 04-6062406
022 C000001 2493
022 D000001 3351
022 A000002 SPEAR LEEDS & KELLOGG
022 B000002 13-5515160
022 C000002 2217
022 D000002 5971
022 A000003 CITIBANK POLAND
022 C000003 145
022 D000003 0
022 A000004 SMITH BARNEY INC.
022 B000004 13-1912900
022 C000004 47
022 D000004 0
022 A000005 PIPER JAFFRAY INC.
022 B000005 41-0953246
022 C000005 0
022 D000005 1554
022 A000006 CANTOR FITZGERALD & CO.
022 B000006 13-3680184
022 C000006 0
022 D000006 1225
022 A000007 RAYMOND JAMES & ASSOCIATES INC.
022 B000007 59-1237041
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022 D000007 103
022 A000008 ING BARING
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022 D000008 38
022 A000009 STANDARD BANK OF SOUTH AFRICA
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022 A000010 FIRST TENNESSEE BANK, N.A.
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023 D000000 12266
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<PAGE> PAGE 3
026 C000000 Y
026 D000000 Y
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
077 A000000 N
078 000000 N
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008 D040101 2131
010 A000101 INVESTMENT COMPANY ADMINISTRATION CORP.
010 C010101 GLENDORA
010 C020101 CA
010 C030101 91741
011 A000101 BB&K FUND SERVICES, INC.
011 B000101 8-38672
011 C010101 FOSTER CITY
011 C020101 CA
011 C030101 94404
011 C040101 2131
012 A000101 CHASE GLOBAL FUND SERVICES CO.
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.
<PAGE> PAGE 4
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
015 E040102 X
015 A000103 CITIBANK, N.A. JAKARTA
015 B000103 S
015 C010103 JAKARTA
015 D010103 INDONESIA
015 E040103 X
015 A000104 BANCO SANTANDER, SA
015 B000104 S
015 C010104 MADRID
015 D010104 SPAIN
015 E040104 X
015 A000105 CANADIAN IMPERIAL BANK OF COMMERCE
015 B000105 S
015 C010105 TORONTO
015 D010105 CANADA
015 E040105 X
015 A000106 CITIBANK, N.A., BUENOS AIRES
015 B000106 S
015 C010106 BUENOS AIRES
015 D010106 ARGENTINA
015 E040106 X
015 A000107 BANQUE BRUXELLES LAMBERT
015 B000107 S
015 C010107 BELGIUM
015 D010107 BELGIUM
015 E040107 X
015 A000108 SUMITOMO TRUST & BANKING CO. LTD
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015 C010108 TOKYO
015 D010108 JAPAN
015 E040108 X
015 A000109 NATIONAL AUSTRALIA BANK LTD
015 B000109 S
015 C010109 MELBOURNE
015 D010109 AUSTRALIA
015 E040109 X
015 A000110 DEN DANSKE BANK
015 B000110 S
015 C010110 DENMARK
015 D010110 DENMARK
015 E040110 X
015 A000111 CREDITANSTALT BANKVEREIN
<PAGE> PAGE 5
015 B000111 S
015 C010111 VIENNA
015 D010111 AUSTRIA
015 E040111 X
015 A000112 DENNORSKE BANK
015 B000112 S
015 C010112 OSLO
015 D010112 NORWAY
015 E040112 X
015 A000113 HONG KONG BANK MALAYSIA BERHAD
015 B000113 S
015 C010113 KUALA LOMPOR
015 D010113 MALAYSIA
015 E040113 X
015 A000114 THE FIRST NATIONAL BANK OF BOSTON, SAO PAULO
015 B000114 S
015 C010114 SAO PAULO
015 D010114 BRAZIL
015 E040114 X
015 A000115 CITIBANK, N.A., SANTIAGO
015 B000115 S
015 C010115 SANTIAGO
015 D010115 CHILE
015 E040115 X
015 A000116 DRESDNER BANK
015 B000116 S
015 C010116 GERMANY
015 D010116 GERMANY
015 E040116 X
015 A000117 CITIBANK, N.A., ATHENS
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015 C010117 ATHENS
015 D010117 GREECE
015 E040117 X
015 A000118 BANQUE PARIBAS
015 B000118 S
015 C010118 PARIS
015 D010118 FRANCE
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015 A000119 SWISS BANK CORP.
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015 C010119 ZURICH
015 D010119 SWITZERLAND
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015 A000120 STANDARD CHARTERED BANK, HONG KONG
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015 C010120 HONG KONG
015 D010120 HONG KONG
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015 A000121 SKANDINAVISKA ENSKILDA BANKEN
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<PAGE> PAGE 6
015 C010121 STOCKHOLM
015 D010121 SWEDEN
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015 A000122 MERITA BANK
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015 A000125 NATIONAL AUSTRALIA BANK LTD.
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015 A000126 BANCO ESPIRITO SANTO E COMMERCIAL DE LISBOA
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<PAGE> PAGE 7
015 D010131 POLAND
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018 000100 Y
019 A000100 Y
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024 000100 Y
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025 A000102 NIKKO SECURITIES
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025 A000104 FORTIS AMEV
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
066 A000100 Y
066 G000100 Y
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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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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