BLANCHARD PRECIOUS METALS FUND INC
NSAR-B, 1996-11-27
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SIGNATURE   S. ELLIOTT COHAN                             
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   001                                            
     <NAME>                     Blanchard Precious Metals Fund, Inc.           
                                                                               
                                                                               
<PERIOD-TYPE>                   5-MOS                                          
<FISCAL-YEAR-END>               Sep-30-1996                                    
<PERIOD-END>                    Sep-30-1996                                    
<INVESTMENTS-AT-COST>           100,296,082                                    
<INVESTMENTS-AT-VALUE>          88,507,210                                     
<RECEIVABLES>                   327,893                                        
<ASSETS-OTHER>                  13                                             
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  88,835,116                                     
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<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       893,000                                        
<TOTAL-LIABILITIES>             945,865                                        
<SENIOR-EQUITY>                 0                                              
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<SHARES-COMMON-PRIOR>           13,231,394                                     
<ACCUMULATED-NII-CURRENT>       1,403,904                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         22,077,577                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        (11,789,012)                                   
<NET-ASSETS>                    87,889,251                                     
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<OTHER-INCOME>                  0                                              
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<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       0                                              
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
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<PER-SHARE-NII>                 0.000                                          
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<PER-SHARE-DIVIDEND>            0.000                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             8.900                                          
<EXPENSE-RATIO>                 2.32                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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