<PAGE> PAGE 1
000 B000000 10/31/94
000 C000000 0000814574
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 PRINCOR BOND FUND, INC.
001 B000000 811-5172
001 C000000 5152475476
002 A000000 THE PRINCIPAL FINANCIAL GROUP
002 B000000 DES MOINES
002 C000000 IA
002 D010000 50392
002 D020000 0200
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
013 A000001 ERNST & YOUNG LLP
013 B010001 DES MOINES
013 B020001 IA
013 B030001 50309
014 A000001 PRINCOR FINANCIAL SERVICES CORPORATION
014 B000001 8-01137
014 A000002 PRINCIPAL FINANCIAL SECURITIES, INC.
014 B000002 8-17269
014 A000003 MORGAN STANLEY INCORPORATED & CO.
014 B000003 8-15869
019 B000000 0
021 000000 0
022 A000001 GENERAL ELECTRIC CAPITAL CORP.
022 B000001 13-1500700
022 C000001 56455
022 D000001 0
022 A000002 ASSOCIATES CORP. OF NORTH AMERICA
022 B000002 74-1494554
022 C000002 47186
022 D000002 0
022 A000003 GENERAL ELECTRIC CO.
022 B000003 42-1192999
022 C000003 13627
022 D000003 0
022 A000004 FORD MOTOR CREDIT CO.
022 B000004 38-1612444
022 C000004 13413
022 D000004 0
<PAGE> PAGE 2
022 A000005 DAIN BOSWORTH INC.
022 B000005 41-1414269
022 C000005 11313
022 D000005 0
022 A000006 AMERICAN EXPRESS CREDIT CORP.
022 B000006 11-1988350
022 C000006 10079
022 D000006 0
022 A000007 CHEVRON OIL FINANCE CO.
022 B000007 25-1215010
022 C000007 7062
022 D000007 0
022 A000008 HOUSEHOLD FINANCE CORP.
022 B000008 36-1239445
022 C000008 6512
022 D000008 0
022 A000009 MESIROW FINANCIAL
022 B000009 36-3194849
022 C000009 4539
022 D000009 0
022 A000010 AMERICAN GENERAL FINANCE CORP.
022 B000010 35-0416090
022 C000010 3169
022 D000010 0
023 C000000 185948
023 D000000 6531
027 000000 Y
028 A010000 3062
028 A020000 363
028 A030000 0
028 A040000 2822
028 B010000 1200
028 B020000 368
028 B030000 0
028 B040000 1043
028 C010000 1707
028 C020000 370
028 C030000 0
028 C040000 1364
028 D010000 1235
028 D020000 375
028 D030000 0
028 D040000 1720
028 E010000 1001
028 E020000 375
028 E030000 0
028 E040000 1594
028 F010000 1358
028 F020000 371
028 F030000 0
028 F040000 1883
<PAGE> PAGE 3
028 G010000 9563
028 G020000 2222
028 G030000 0
028 G040000 10426
028 H000000 8582
029 000000 Y
030 A000000 925
030 B000000 5.00
030 C000000 0.00
031 A000000 185
031 B000000 0
032 000000 108
033 000000 632
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 224
044 000000 0
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 2.2
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 95.9
062 Q000000 0.0
062 R000000 1.9
063 A000000 0
063 B000000 11.0
064 A000000 N
064 B000000 N
066 A000000 N
071 A000000 22928
071 B000000 7698
071 C000000 86418
071 D000000 9
072 A000000 12
<PAGE> PAGE 4
072 B000000 7354
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 447
072 G000000 0
072 H000000 0
072 I000000 226
072 J000000 9
072 K000000 0
072 L000000 0
072 M000000 8
072 N000000 21
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 6
072 S000000 3
072 T000000 224
072 U000000 0
072 V000000 0
072 W000000 26
072 X000000 970
072 Y000000 121
072 Z000000 6505
072AA000000 105
072BB000000 0
072CC010000 0
072CC020000 12204
072DD010000 6377
072DD020000 0
072EE000000 96
073 A010000 0.7800
073 A020000 0.0000
073 B000000 0.1300
073 C000000 0.0000
074 A000000 4
074 B000000 0
074 C000000 1975
074 D000000 85171
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 2009
074 M000000 3
074 N000000 89162
074 O000000 0
<PAGE> PAGE 5
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 361
074 S000000 0
074 T000000 88801
074 U010000 8646
074 U020000 0
074 V010000 10.27
074 V020000 0.00
074 W000000 0.0000
074 X000000 7865
074 Y000000 0
075 A000000 0
075 B000000 89496
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 C000000 Y
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 C000000 10300
081 A000000 Y
081 B000000 25
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
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
SIGNATURE ARTHUR S. FILEAN
TITLE V.PRES. & SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1994
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 91,781,027
<INVESTMENTS-AT-VALUE> 87,145,994
<RECEIVABLES> 2,009,325
<ASSETS-OTHER> 3,134
<OTHER-ITEMS-ASSETS> 4,390
<TOTAL-ASSETS> 89,162,843
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 361,515
<TOTAL-LIABILITIES> 361,515
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 92,702,016
<SHARES-COMMON-STOCK> 8,645,591
<SHARES-COMMON-PRIOR> 7,235,190
<ACCUMULATED-NII-CURRENT> 629,761
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 104,584
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4,635,033)
<NET-ASSETS> 88,801,328
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,354,809
<OTHER-INCOME> 0
<EXPENSES-NET> 849,631
<NET-INVESTMENT-INCOME> 6,505,178
<REALIZED-GAINS-CURRENT> 104,695
<APPREC-INCREASE-CURRENT> (12,203,552)
<NET-CHANGE-FROM-OPS> (5,593,679)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,377,064)
<DISTRIBUTIONS-OF-GAINS> (96,038)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,039,199
<NUMBER-OF-SHARES-REDEEMED> (2,021,840)
<SHARES-REINVESTED> 393,042
<NET-CHANGE-IN-ASSETS> 3,786,001
<ACCUMULATED-NII-PRIOR> 501,272
<ACCUMULATED-GAINS-PRIOR> 97,034
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 447,108
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 970,630
<AVERAGE-NET-ASSETS> 89,429,515
<PER-SHARE-NAV-BEGIN> 11.75
<PER-SHARE-NII> .78
<PER-SHARE-GAIN-APPREC> (1.47)
<PER-SHARE-DIVIDEND> (.78)
<PER-SHARE-DISTRIBUTIONS> (.01)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.27
<EXPENSE-RATIO> .95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>WITHOUT THE MANAGER'S VOLUNTEER WAIVER OF A PORTION OF CERTAIN EXPENSES
FOR THIS PERIOD, THIS FUND WOULD HAVE HAD PER SHARE NET INVESTMENT INCOME
OF $.77 AND A RATIO OF EXPENSES TO AVERAGE NET ASSETS OF 1.09%. THE AMOUNT
WAIVED WAS $120,999.
</FN>
</TABLE>
