<PAGE> PAGE 1
000 A000000 06/30/95
000 C000000 0000832566
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 ALGER AMERICAN FUND
001 B000000 811-5550
001 C000000 2128068800
002 A000000 75 MAIDEN LANE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10038
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 6
007 C010100 1
007 C010200 2
007 C020200 ALGER AMERICAN INCOME & GROWTH PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 ALGER AMERICAN SMALL CAPITALIZATION PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 ALGER AMERICAN GROWTH PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 ALGER AMERICAN BALANCED PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 ALGER AMERICAN MIDCAP GROWTH
007 C030600 N
007 C010700 7
007 C020700 ALGER AMERICAN LEVERAGED ALLCAP PORTFOLIO
007 C030700 N
007 C010800 8
007 C010900 9
007 C011000 10
077 A000000 N
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
<PAGE> PAGE 2
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
071 A000200 27859
071 B000200 24435
071 C000200 31681
071 D000200 77
072 A000200 6
074 N000200 43852
074 T000200 40636
075 A000200 0
075 B000200 33026
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
071 A000300 313021
071 B000300 197014
071 C000300 444107
071 D000300 44
072 A000300 6
074 N000300 715026
074 T000300 634330
075 A000300 0
075 B000300 470787
062 A000400 N
062 B000400 0.0
062 C000400 0.0
<PAGE> PAGE 3
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
071 A000400 124783
071 B000400 83874
071 C000400 162110
071 D000400 51
072 A000400 6
074 N000400 239617
074 T000400 227601
075 A000400 0
075 B000400 172336
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
071 A000500 6151
071 B000500 4504
071 C000500 9734
071 D000500 46
072 A000500 6
074 N000500 13631
074 T000500 13090
075 A000500 0
075 B000500 11492
<PAGE> PAGE 4
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
071 A000600 58267
071 B000600 38796
071 C000600 71063
071 D000600 55
072 A000600 6
074 N000600 100939
074 T000600 97928
075 A000600 0
075 B000600 75490
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
071 A000700 625
071 B000700 351
071 C000700 285
071 D000700 123
072 A000700 6
074 N000700 444
<PAGE> PAGE 5
074 T000700 386
075 A000700 0
075 B000700 293
SIGNATURE GREGORY S. DUCH
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> ALGER AMERICAN BALANCED PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 11581203
<INVESTMENTS-AT-VALUE> 13565030
<RECEIVABLES> 64890
<ASSETS-OTHER> 612
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 13630532
<PAYABLE-FOR-SECURITIES> 69295
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 470777
<TOTAL-LIABILITIES> 540072
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11185222
<SHARES-COMMON-STOCK> 1040001
<SHARES-COMMON-PRIOR> 962043
<ACCUMULATED-NII-CURRENT> 151330
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 229919
<ACCUM-APPREC-OR-DEPREC> 1983827
<NET-ASSETS> 13090460
<DIVIDEND-INCOME> 20711
<INTEREST-INCOME> 192025
<OTHER-INCOME> 0
<EXPENSES-NET> 60415
<NET-INVESTMENT-INCOME> 152321
<REALIZED-GAINS-CURRENT> 26901
<APPREC-INCREASE-CURRENT> 1829657
<NET-CHANGE-FROM-OPS> 2008879
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 217622
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 197253
<NUMBER-OF-SHARES-REDEEMED> 137863
<SHARES-REINVESTED> 18568
<NET-CHANGE-IN-ASSETS> 2695973
<ACCUMULATED-NII-PRIOR> 216631
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 256820
<GROSS-ADVISORY-FEES> 42553
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 60415
<AVERAGE-NET-ASSETS> 11492145
<PER-SHARE-NAV-BEGIN> 10.80
<PER-SHARE-NII> .14
<PER-SHARE-GAIN-APPREC> 1.87
<PER-SHARE-DIVIDEND> .22
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.59
<EXPENSE-RATIO> 1.06
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> ALGER AMERICAN GROWTH
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 192574996
<INVESTMENTS-AT-VALUE> 238696449
<RECEIVABLES> 915203
<ASSETS-OTHER> 5228
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 239616880
<PAYABLE-FOR-SECURITIES> 2218465
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9797894
<TOTAL-LIABILITIES> 12016359
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 177534791
<SHARES-COMMON-STOCK> 7958304
<SHARES-COMMON-PRIOR> 6501654
<ACCUMULATED-NII-CURRENT> 307681
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3636596
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 46121453
<NET-ASSETS> 227600521
<DIVIDEND-INCOME> 623489
<INTEREST-INCOME> 377333
<OTHER-INCOME> 0
<EXPENSES-NET> 694636
<NET-INVESTMENT-INCOME> 306186
<REALIZED-GAINS-CURRENT> 4649629
<APPREC-INCREASE-CURRENT> 35396159
<NET-CHANGE-FROM-OPS> 40351974
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 480697
<DISTRIBUTIONS-OF-GAINS> 1703042
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3118860
<NUMBER-OF-SHARES-REDEEMED> 1746329
<SHARES-REINVESTED> 84119
<NET-CHANGE-IN-ASSETS> 77210045
<ACCUMULATED-NII-PRIOR> 482192
<ACCUMULATED-GAINS-PRIOR> 690009
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 636810
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 694636
<AVERAGE-NET-ASSETS> 172336045
<PER-SHARE-NAV-BEGIN> 23.13
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 5.76
<PER-SHARE-DIVIDEND> .07
<PER-SHARE-DISTRIBUTIONS> .25
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 28.60
<EXPENSE-RATIO> .82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> ALGER AMERICAN INCOME & GROWTH
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 34410240
<INVESTMENTS-AT-VALUE> 43302960
<RECEIVABLES> 547364
<ASSETS-OTHER> 1322
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 43851646
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 3216048
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 33924592
<SHARES-COMMON-STOCK> 2413098
<SHARES-COMMON-PRIOR> 2190885
<ACCUMULATED-NII-CURRENT> 116310
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 2298024
<ACCUM-APPREC-OR-DEPREC> 8892720
<NET-ASSETS> 40635598
<DIVIDEND-INCOME> 180857
<INTEREST-INCOME> 48602
<OTHER-INCOME> 0
<EXPENSES-NET> 123955
<NET-INVESTMENT-INCOME> 105504
<REALIZED-GAINS-CURRENT> 136235
<APPREC-INCREASE-CURRENT> 8206672
<NET-CHANGE-FROM-OPS> 8448411
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 352788
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 436325
<NUMBER-OF-SHARES-REDEEMED> 264475
<SHARES-REINVESTED> 23363
<NET-CHANGE-IN-ASSETS> 11500699
<ACCUMULATED-NII-PRIOR> 363594
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 2434259
<GROSS-ADVISORY-FEES> 102342
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 123955
<AVERAGE-NET-ASSETS> 33026347
<PER-SHARE-NAV-BEGIN> 13.30
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> 3.66
<PER-SHARE-DIVIDEND> .16
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.84
<EXPENSE-RATIO> .76
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> ALGER AMERICAN LEVERAGED ALLCAP PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 382711
<INVESTMENTS-AT-VALUE> 429953
<RECEIVABLES> 14161
<ASSETS-OTHER> 3
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 444117
<PAYABLE-FOR-SECURITIES> 34401
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23985
<TOTAL-LIABILITIES> 58386
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 273414
<SHARES-COMMON-STOCK> 26591
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 1119
<ACCUMULATED-NET-GAINS> 66194
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47242
<NET-ASSETS> 385731
<DIVIDEND-INCOME> 740
<INTEREST-INCOME> 531
<OTHER-INCOME> 0
<EXPENSES-NET> 2390
<NET-INVESTMENT-INCOME> (1119)
<REALIZED-GAINS-CURRENT> 66194
<APPREC-INCREASE-CURRENT> 47242
<NET-CHANGE-FROM-OPS> 112317
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 26591
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 385731
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1047
<INTEREST-EXPENSE> 543
<GROSS-EXPENSE> 10798
<AVERAGE-NET-ASSETS> 293380
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (.04)
<PER-SHARE-GAIN-APPREC> 4.55
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.51
<EXPENSE-RATIO> 1.94
<AVG-DEBT-OUTSTANDING> 13748
<AVG-DEBT-PER-SHARE> .56
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> ALGER AMERICAN MIDCAP GROWTH PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 78833475
<INVESTMENTS-AT-VALUE> 100607121
<RECEIVABLES> 328974
<ASSETS-OTHER> 2788
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 100938883
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3010514
<TOTAL-LIABILITIES> 3010514
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 76663343
<SHARES-COMMON-STOCK> 5720618
<SHARES-COMMON-PRIOR> 4620425
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 50235
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 458385
<ACCUM-APPREC-OR-DEPREC> 21773646
<NET-ASSETS> 97928369
<DIVIDEND-INCOME> 124259
<INTEREST-INCOME> 185061
<OTHER-INCOME> 0
<EXPENSES-NET> 330746
<NET-INVESTMENT-INCOME> 21426
<REALIZED-GAINS-CURRENT> 1851719
<APPREC-INCREASE-CURRENT> 16819019
<NET-CHANGE-FROM-OPS> 18649312
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 10688
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1990573
<NUMBER-OF-SHARES-REDEEMED> 891086
<SHARES-REINVESTED> 706
<NET-CHANGE-IN-ASSETS> 35750733
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 18141
<OVERDIST-NET-GAINS-PRIOR> 2310104
<GROSS-ADVISORY-FEES> 295487
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 330746
<AVERAGE-NET-ASSETS> 71062577
<PER-SHARE-NAV-BEGIN> 13.46
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 3.66
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.12
<EXPENSE-RATIO> .90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> ALGER AMERICAN SMALL CAPITALIZATION
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 521084116
<INVESTMENTS-AT-VALUE> 697889237
<RECEIVABLES> 17122395
<ASSETS-OTHER> 14533
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 715026165
<PAYABLE-FOR-SECURITIES> 9459565
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 71237000
<TOTAL-LIABILITIES> 80696565
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 467762611
<SHARES-COMMON-STOCK> 17608336
<SHARES-COMMON-PRIOR> 14537803
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 1914774
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 8323358
<ACCUM-APPREC-OR-DEPREC> 176805121
<NET-ASSETS> 634329600
<DIVIDEND-INCOME> 426355
<INTEREST-INCOME> 983647
<OTHER-INCOME> 0
<EXPENSES-NET> 2112565
<NET-INVESTMENT-INCOME> (702563)
<REALIZED-GAINS-CURRENT> 8637960
<APPREC-INCREASE-CURRENT> 131368939
<NET-CHANGE-FROM-OPS> 139304336
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6779151
<NUMBER-OF-SHARES-REDEEMED> 3708618
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 237292502
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 1212211
<OVERDIST-NET-GAINS-PRIOR> 16961318
<GROSS-ADVISORY-FEES> 1989869
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2112565
<AVERAGE-NET-ASSETS> 470786943
<PER-SHARE-NAV-BEGIN> 27.31
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 8.74
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 36.02
<EXPENSE-RATIO> .91
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>