<PAGE> PAGE 1
000 A000000 03/31/96
000 C000000 0000822519
000 D000000 N
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001 A000000 CONCORDE FUNDS, INC.
001 B000000 811-16625
001 C000000 2143878258
002 A000000 5430 LBJ FREEWAY SUITE 1500
002 B000000 DALLAS
002 C000000 TX
002 D010000 75240
003 000000 N
004 000000 N
005 000000 N
006 000000 N
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007 C010100 1
007 C020100 CONCORDE VALUE FUND
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007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
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008 D02AA01 TX
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008 D04AA01 2387
010 A00AA01 FIRSTAR TRUST COMPANY
010 C01AA01 MILWAUKEE
010 C02AA01 WI
010 C03AA01 53201
012 A00AA01 FIRSTAR TRUST COMPANY
012 B00AA01 85-00410
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<PAGE> PAGE 2
012 C03AA01 53201
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 DALLAS
013 B02AA01 TX
013 B03AA01 75201
015 A00AA01 FIRSTAR TRUST COMPANY
015 B00AA01 C
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020 A000002 PAINE WEBBER
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<PAGE> PAGE 3
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<PAGE> PAGE 4
053 A00AA00 N
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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SIGNATURE ELIZABETH FOSTER
TITLE FUND SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE SEMI
ANNUAL REPORT DATED MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH NSAR FILING DATED MARCH 31, 1996.
</LEGEND>
<SERIES>
<NUMBER> 01
<NAME> CONCORDE VALUE FUND
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<TABLE> <S> <C>
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE SEMI
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</LEGEND>
<SERIES>
<NUMBER> 02
<NAME> CONCORDE INCOME FUND
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<S> <C>
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</TABLE>
