ALGER AMERICAN FUND
NSAR-B, 1998-02-25
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<PAGE>      PAGE  1
000 B000000 12/31/97
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 A
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
008 A00AA01 FRED ALGER MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-06709
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10038
011 A00AA01 FRED ALGER & COMPANY, INCORPORATED
<PAGE>      PAGE  2
011 B00AA01 8-15900
011 C01AA01 JERSEY CITY
011 C02AA01 NJ
011 C03AA01 07302
012 A00AA01 ALGER SHAREHOLDER SERVICES, INC.
012 B00AA01 84-1650
012 C01AA01 JERSEY CITY
012 C02AA01 NJ
012 C03AA01 07302
013 A00AA01 ARTHUR ANDERSON & CO.
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10105
014 A00AA01 FRED ALGER & COMPANY, INCORPORATED
014 B00AA01 8-15900
015 A00AA01 CUSTODIAL TRUST COMPANY
015 B00AA01 C
015 C01AA01 PRINCETON
015 C02AA01 NJ
015 C03AA01 08540
015 E01AA01 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 FRED ALGER & CO., INCORPORATED
020 B000001 13-2665689
020 C000001   7713
020 A000002 INSTINET CORP
020 B000002 13-3443395
020 C000002    124
020 A000003 OFF THE RECORD RESEARCH
020 B000003 13-3545927
020 C000003      1
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020 C000005      0
020 C000006      0
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020 C000008      0
020 C000009      0
020 C000010      0
021  000000     7838
022 A000001 BEAR STEARNS & CO., INC.
022 B000001 13-3299429
022 C000001  55962646
022 D000001     26422
022 A000002 MERRILL LYNCH & CO., INC
022 B000002 13-5674085
022 C000002   6264925
022 D000002    922897
022 A000003 MORGAN STANLEY & CO INC.
022 B000003 13-2655998
<PAGE>      PAGE  3
022 C000003     99471
022 D000003    290292
022 A000004 LEHMAN BROTHERS INC.
022 B000004 13-2518466
022 C000004    178688
022 D000004    209336
022 A000005 GOLDMAN SACHS
022 B000005 13-5108880
022 C000005    144820
022 D000005    148011
022 A000006 PRUDENTIAL BACHE
022 B000006 22-2347336
022 C000006     84310
022 D000006     75344
022 A000007 DONALDSON LUFKIN & JENRETTE
022 B000007 13-2741729
022 C000007     73676
022 D000007     64995
022 A000008 NEEDHAM & CO.
022 B000008 13-3255839
022 C000008     61098
022 D000008     68240
022 A000009 WESSELS ARNOLD
022 B000009 41-1554568
022 C000009     23108
022 D000009     97057
022 A000010 ALEX BROWN & SONS. INC.
022 B000010 52-1319768
022 C000010     53520
022 D000010     55807
023 C000000   63444640
023 D000000    2813753
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<PAGE>      PAGE  4
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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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024  000200 Y
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025 B000201 13-3299429
025 C000201 D
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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070 C010200 N
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070 D010200 N
070 D020200 N
070 E010200 N
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070 F010200 N
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070 H010200 N
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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025 A000301 BEAR STEARNS & CO., INC.
025 B000301 13-3299429
025 C000301 D
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025 A000302 MERRILL LYNCH & CO, INC.
025 B000302 13-5674085
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
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<PAGE>      PAGE  28
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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SIGNATURE   GREGORY S. DUCH                              
TITLE       TREASURER           
 


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</TABLE>

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</TABLE>

<TABLE> <S> <C>

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

<TABLE> <S> <C>

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   <NAME> ALGER AMERICAN INCOME & GROWTH PORTFOLIO
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</TABLE>

<TABLE> <S> <C>

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   <NAME> ALGER AMERICAN MID-CAP PORTFOLIO
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</TABLE>

<TABLE> <S> <C>

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   <NAME> ALGER AMERICAN SMALL CAP PORTFOLIO
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</TABLE>


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