ALGER AMERICAN FUND
NSAR-A, 1998-08-24
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<PAGE>      PAGE  1
000 A000000 06/30/98
000 C000000 0000832566
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 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   3541
020 A000002 INSTINET CORP
020 B000002 13-3443395
020 C000002     21
020 A000003 GOLDMAN SACHS & CO.
<PAGE>      PAGE  2
020 B000003 13-5108880
020 C000003     12
020 C000004      0
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022 A000001 BEAR STEARNS & CO., INC.
022 B000001 13-3299429
022 C000001   5148436
022 D000001     11153
022 A000002 MERRILL LYNCH & CO., INC
022 B000002 13-5674085
022 C000002   1451459
022 D000002    323365
022 A000003 LEHMAN BROTHERS INC.
022 B000003 13-2518466
022 C000003     96615
022 D000003     86574
022 A000004 GOLDMAN SACHS & CO.
022 B000004 13-5108880
022 C000004    226700
022 D000004    225990
022 A000005 DEUTSCHE BANK SECURITIES INC.
022 B000005 13-5201060
022 C000005     44058
022 D000005     37632
022 A000006 PRUDENTIAL BACHE
022 B000006 22-2347336
022 C000006     13967
022 D000006     66443
022 A000007 MORGAN STANLEY DEAN WITTER & CO.
022 B000007 13-2655998
022 C000007     41738
022 D000007     31560
022 A000008 WESSELS ARNOLD DAIN BOSWORTH RAUSHER
022 B000008 41-1554568
022 C000008     24704
022 D000008     54923
022 A000009 BT ALEX BROWN
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022 A000010 DONALDSON LUFKIN & JENRETTE
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<PAGE>      PAGE  3
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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  14
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SIGNATURE   GREGORY S. DUCH                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> ALGER AMERICAN INCOME AND GROWTH PORTFOLIO
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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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> 4
   <NAME> ALGER AMERICAN GROWTH PORTFOLIO
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 5
   <NAME> ALGER AMERICAN BALANCED PORTFOLIO
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> ALGER AMERICAN MIDCAP GROWTH PORTFOLIO
<MULTIPLIER> 1
       
<S>                             <C>
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<ACCUMULATED-NII-CURRENT>                    (1266329)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 7
   <NAME> ALGER AMERICAN LEVERAGED ALL CAP PORTFOLIO
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<S>                             <C>
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</TABLE>


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