ALGER AMERICAN FUND
NSAR-B, 1997-02-28
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<PAGE>      PAGE  1
000 B000000 12/31/96
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
020 A000001 FRED ALGER & CO., INCORPORATED
020 B000001 13-2665689
020 C000001   3803
020 A000002 INSTINET CORP
020 B000002 13-3443395
020 C000002    263
020 C000003      0
<PAGE>      PAGE  2
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020 C000010      0
021  000000     4066
022 A000001 BEAR STEARNS & CO., INC.
022 B000001 13-3299429
022 C000001  69041744
022 D000001     13060
022 A000002 MERRILL LYNCH & CO., INC
022 B000002 13-5674085
022 C000002   7450529
022 D000002    383831
022 A000003 LEHMAN BROTHERS
022 B000003 13-2518466
022 C000003    193359
022 D000003    102157
022 A000004 MORGAN STANLEY
022 B000004 13-2655998
022 C000004    159437
022 D000004    115603
022 A000005 GOLDMAN SACHS
022 B000005 13-5108880
022 C000005    131463
022 D000005    119574
022 A000006 ALWX BROWN & SONS, INC.
022 B000006 52-1319768
022 C000006    129588
022 D000006     57450
022 A000007 PRUDENTIAL BACHE
022 B000007 22-2347336
022 C000007     76034
022 D000007    106974
022 A000008 WESSLES, ARNOLD
022 B000008 41-1554568
022 C000008     78318
022 D000008     80368
022 A000009 SMITH BARNEY HARRISS UPHAM
022 B000009 13-1912900
022 C000009     79735
022 D000009     61756
022 A000010 DONALDSON LUFKIN & JENRETTE
022 B000010 13-2741729
022 C000010     72824
022 D000010     35109
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023 D000000    1564615
077 A000000 Y
<PAGE>      PAGE  3
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077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
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077 L000000 N
077 M000000 N
077 N000000 N
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077 P000000 N
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077 Q030000 N
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  7
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067  000300 N
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  9
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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025 B000501 13-3299429
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<PAGE>      PAGE  13
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<PAGE>      PAGE  13
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<PAGE>      PAGE  15
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
SIGNATURE   GREGORY S. DUCH                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

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<SERIES>
   <NUMBER> 5
   <NAME> ALGER AMERICAN BALANCED PORFOLIO
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 4
   <NAME> ALGER AMERICAN GROWTH PORTFOLIO
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> ALGER AMERICAN SMALL CAPITALIZATION PORTFOLIO
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> ALGER AMERICAN INCOME & GROWTH PORTFOLIO
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> ALGER AMERICAN MIDCAP GROWTH PORTFOLIO
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<S>                             <C>
<PERIOD-TYPE>                   12-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 7
   <NAME> ALGER AMERICAN LEVERAGED ALLCAP PORTFOLIO
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
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</TABLE>


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