REYNOLDS FUNDS INC
NSAR-A, 1999-05-28
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<PAGE>      PAGE  1
000 A000000 03/31/99
000 C000000 832574
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 REYNOLDS FUNDS, INC.
001 B000000 811-5549
001 C000000 4154617860
002 A000000 80 E. SIR FRANCIS DRAKE BLVD., WOOD ISLE
002 B000000 LARKSPUR
002 C000000 CA
002 D010000 94939
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
007 C010100  1
007 C020100 REYNOLDS BLUE CHIP GROWTH FUND
007 C030100 N
007 C010200  2
007 C020200 REYNOLDS MONEY MARKET FUND
007 C030200 N
007 C010300  3
007 C020300 REYNOLDS OPPORTUNITY FUND
007 C030300 N
007 C010400  4
007 C020400 REYNOLDS U. S. GOVERNMENT BOND FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 REYNOLDS CAPITAL MANAGEMENT
008 B00AA01 A
008 C00AA01 801-23561
008 D01AA01 LARKSPUR
008 D02AA01 CA
008 D03AA01 94939
010 A00AA01 FIDUCIARY MANAGEMENT, INC.
010 B00AA01 801-15164
010 C01AA01 MILWAUKEE
010 C02AA01 WI
010 C03AA01 53202
<PAGE>      PAGE  2
012 A00AA01 FIRSTAR MUTUAL FUND SERVICES, LLC
012 B00AA01 85-11357
012 C01AA01 MILWAUKEE
012 C02AA01 WI
012 C03AA01 53202
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 MILWAUKEE
013 B02AA01 WI
013 B03AA01 53202
015 A00AA01 FIRSTAR BANK MILWAUKEE, NA
015 B00AA01 C
015 C01AA01 MILWAUKEE
015 C02AA01 WI
015 C03AA01 53202
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    4
019 C00AA00 REYNOLDSBC
020 A000001 LYNCH, JONES & RYAN, INC.
020 B000001 13-3356934
020 C000001     69
020 A000002 WACHOVIA SECURITIES
020 B000002 56-0276690
020 C000002     37
020 A000003 CHARLES SCHWAB
020 B000003 94-1737782
020 C000003     14
020 A000004 SHERWOOD SECURITIES CORP.
020 B000004 13-2616318
020 C000004      1
020 A000005 INSTINET
020 B000005 13-2596491
020 C000005      1
020 A000006 ALEX BROWN & SONS INCORPORATED
020 B000006 52-0256630
020 C000006      1
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000      123
022 A000001 FIRSTAR BANK MILWAUKEE, NA
022 B000001 39-0281225
022 C000001    137022
022 D000001     95786
022 A000002 SHERWOOD SECURITIES CORP.
022 B000002 13-2616318
022 C000002     44169
022 D000002       872
022 A000003 MERRILL LYNCH PIERCE FENNER & SMITH INC.
<PAGE>      PAGE  3
022 B000003 13-5674085
022 C000003      4551
022 D000003         0
022 A000004 J.C. BRADFORD & CO.
022 B000004 62-0136910
022 C000004      1993
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022 A000005 TEXACO INC.
022 B000005 74-1383447
022 C000005      1170
022 D000005         0
022 A000006 JOHN DEERE CAPITAL CORP.
022 B000006 36-2386361
022 C000006      1138
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022 A000007 AMERICAN GENERAL FINANCE CORP.
022 B000007 35-0416090
022 C000007       804
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022 A000008 EXXON CREDIT CORPORATION
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022 C000008       762
022 D000008         0
022 A000009 IBM CREDIT CORP.
022 B000009 22-2351962
022 C000009       646
022 D000009         0
022 A000010 HOUSEHOLD FINANCE CORP.
022 B000010 36-1239445
022 C000010       322
022 D000010         0
023 C000000     193038
023 D000000      96658
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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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<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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<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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062 Q000400   0.0
062 R000400   0.0
063 A000400   0
063 B000400  0.6
064 A000400 N
064 B000400 N
066 A000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
<PAGE>      PAGE  20
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400         0
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073 A010400   0.2310
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<PAGE>      PAGE  21
074 G000400        0
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074 V010400     9.74
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075 A000400        0
075 B000400     3393
076  000400     0.00
SIGNATURE   FREDERICK L. REYNOLDS
TITLE       PRESIDENT



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