<PAGE> PAGE 1
000 A000000 06/30/98
000 C000000 0000806841
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 LEXINGTON CONVERTIBLE SECURITIES FUND
001 B000000 811-4925
001 C000000 2018457300
002 A000000 PARK 80 WEST PLAZA TWO
002 B000000 SADDLE BROOK
002 C000000 NJ
002 D010000 07663
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
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
008 A000001 LEXINGTON MANAGEMENT CORPORATION
008 B000001 A
008 C000001 801-8281
008 D010001 SADDLE BROOK
008 D020001 NJ
008 D030001 07663
008 D040001 9990
008 A000002 ARISTON CAPITAL MANAGEMENT CORPORATION
008 B000002 S
<PAGE> PAGE 2
008 C000002 801-13209
008 D010002 BELLEVUE
008 D020002 WA
008 D030002 98005
010 A000001 LEXINGTON MANAGEMENT CORPORATION
010 B000001 8281
010 C010001 SADDLE BROOK
010 C020001 NJ
010 C030001 07663
011 A000001 LEXINGTON FUNDS DISTRIBUTOR, INC.
011 B000001 8-24850
011 C010001 SADDLE BROOK
011 C020001 NJ
011 C030001 07663
011 C040001 9990
012 A000001 STATE STREET BANK AND TRUST COMPANY C/O NFDS
012 B000001 84-1078
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64105
013 A000001 KPMG PEAT MARWICK LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10154
014 A000001 LEXINGTON FUNDS DISTRIBUTOR, INC.
014 B000001 8-24850
015 A000001 CHASE MANHATTAN BANK N.A.
015 B000001 C
015 C010001 BROOKLYN
015 C020001 NY
015 C030001 11245
015 E040001 X
018 000000 Y
019 A000000 Y
019 B000000 18
019 C000000 :LEXINGTON
020 C000001 0
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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 SMITH BARNEY & CO.
022 B000001 13-1912900
022 C000001 1366
022 D000001 1158
<PAGE> PAGE 3
022 A000002 LEHMAN BROTHERS
022 B000002 13-2518466
022 C000002 1471
022 D000002 0
022 A000003 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000003 13-5674085
022 C000003 977
022 D000003 196
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
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022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 3814
023 D000000 1355
024 000000 N
025 D000001 0
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025 D000003 0
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025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
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
028 A010000 105
028 A020000 0
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028 A040000 29
028 B010000 473
028 B020000 0
028 B030000 0
028 B040000 119
<PAGE> PAGE 4
028 C010000 451
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028 G010000 1645
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<PAGE> PAGE 5
048 A010000 0
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048 J010000 0
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048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
054 A000000 Y
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
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055 A000000 N
055 B000000 N
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057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 1000
062 A000000 Y
<PAGE> PAGE 6
062 B000000 13.0
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062 Q000000 46.5
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070 D010000 Y
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070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 N
070 M010000 N
<PAGE> PAGE 7
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 1831
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073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
<PAGE> PAGE 8
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 1471
074 D000000 5285
074 E000000 0
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074 Y000000 0
075 A000000 0
075 B000000 10752
076 000000 0.00
077 A000000 N
080 A000000 CHUBB GROUP OF INSURANCE COMPANIES
080 C000000 7375
081 A000000 Y
081 B000000 16
082 A000000 Y
082 B000000 25
083 A000000 N
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084 A000000 N
084 B000000 0
085 A000000 Y
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<PAGE> PAGE 9
086 C010000 0
086 C020000 0
086 D010000 0
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SIGNATURE PETER CORNIOTES
TITLE ASSISTANT SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The Schedule contains summary financial information extracted from
semi-annual financial statements dated June 30, 1998 and is qualified
in its entirety by reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 7,387,552
<INVESTMENTS-AT-VALUE> 11,333,584
<RECEIVABLES> 55,634
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11,389,218
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 167,852
<TOTAL-LIABILITIES> 167,852
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,304,365
<SHARES-COMMON-STOCK> 714,515
<SHARES-COMMON-PRIOR> 685,321
<ACCUMULATED-NII-CURRENT> 4,286
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 96,683
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,946,032
<NET-ASSETS> 11,351,366
<DIVIDEND-INCOME> 19,478
<INTEREST-INCOME> 105,134
<OTHER-INCOME> 0
<EXPENSES-NET> 122,089
<NET-INVESTMENT-INCOME> 2,523
<REALIZED-GAINS-CURRENT> 76,535
<APPREC-INCREASE-CURRENT> 482,402
<NET-CHANGE-FROM-OPS> 561,460
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 102,999
<NUMBER-OF-SHARES-REDEEMED> 74,608
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 444,716
<ACCUMULATED-NII-PRIOR> 14,818
<ACCUMULATED-GAINS-PRIOR> 225,659
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 54,828
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 122,089
<AVERAGE-NET-ASSETS> 11,056,426
<PER-SHARE-NAV-BEGIN> 15.08
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> .80
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.89
<EXPENSE-RATIO> 2.23
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
