BEA INVESTMENT FUNDS INC
NSAR-A, 1996-03-27
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<PAGE>      PAGE  1
000 A000000 02/01/96
000 C000000 0000833044
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 BEA INVESTMENT FUNDS, INC.
001 B000000 811-5568
001 C000000 6175578732
002 A000000 73 TREMONT STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02108
002 D020000 3913
003  000000 N
004  000000 Y
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C010200  2
007 C020200 INSTITUTIONAL GOVERNMENT FUND
007 C030200 Y
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 BEA ASSOCIATES
008 B00AA01 A
008 C00AA01 801-0
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10022
010 A00AA01 THE CHASE MANHATTAN BANK, N.A.
010 B00AA01 84-0000000
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02108
010 C04AA01 3913
012 A00AA01 THE CHASE MANHATTAN BANK, N.A.
012 B00AA01 84-0000000
012 C01AA01 BOSTON
012 C02AA01 MA
<PAGE>      PAGE  2
012 C03AA01 02108
012 C04AA01 3913
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
015 A00AA01 THE CHASE MANHATTAN BANK, N.A.
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10003
015 C04AA01 9598
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    3
019 C00AA00 BEA ASSOCA
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 PAINE WEBBER, INC.
022 B000001 13-2638166
022 C000001     13493
022 D000001         0
022 A000002 LEHMAN BROTHERS, INC.
022 B000002 94-2537674
022 C000002       664
022 D000002      9664
022 A000003 J.P. MORGAN SECURITIES, INC.
022 B000003 13-3224016
022 C000003      5744
022 D000003         0
022 A000004 SMITH, BARNEY, HARRIS, UPHAM & CO., INC.
022 B000004 13-1912900
022 C000004         0
022 D000004      4883
022 A000005 CREDIT LYONNAIS
022 C000005      4872
022 D000005         0
022 A000006 NOMURA
022 B000006 13-2642206
022 C000006         0
022 D000006      3321
<PAGE>      PAGE  3
022 A000007 MORGAN STANLEY & CO.
022 B000007 13-2655998
022 C000007         0
022 D000007      3159
022 A000008 GOLDMAN SACHS
022 B000008 13-5108880
022 C000008      1929
022 D000008      1089
022 A000009 SALOMON BROTHERS, INC.
022 B000009 13-3082694
022 C000009         0
022 D000009      2607
022 A000010 GEBREUDER BETHMANN
022 C000010       621
022 D000010         0
023 C000000      27708
023 D000000      25986
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054 F00AA00 N
054 G00AA00 Y
<PAGE>      PAGE  4
054 H00AA00 Y
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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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SIGNATURE   HARVEY M. ROSEN                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000833044
<NAME> BEA INVESTMENT FUNDS, INC.
<SERIES>
   <NUMBER> 2
   <NAME> INSTITUTIONAL GOVERNMENT FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               FEB-01-1996
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        6
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                27
<TOTAL-ASSETS>                                      33
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           31
<TOTAL-LIABILITIES>                                 31
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                           462
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                            2,101
<ACCUMULATED-NII-CURRENT>                          (2)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (458)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         2
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  106
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    (15)
<NET-INVESTMENT-INCOME>                             91
<REALIZED-GAINS-CURRENT>                           587
<APPREC-INCREASE-CURRENT>                        (635)
<NET-CHANGE-FROM-OPS>                               43
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (198)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             59
<NUMBER-OF-SHARES-REDEEMED>                    (2,171)
<SHARES-REINVESTED>                                 11
<NET-CHANGE-IN-ASSETS>                        (20,386)
<ACCUMULATED-NII-PRIOR>                            105
<ACCUMULATED-GAINS-PRIOR>                      (1,044)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               13
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     21
<AVERAGE-NET-ASSETS>                            17,913
<PER-SHARE-NAV-BEGIN>                             9.70
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                         (9.39)
<PER-SHARE-DIVIDEND>                            (0.05)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               0.00
<EXPENSE-RATIO>                                   0.97
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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