<PAGE> PAGE 1
000 A000000 06/30/96
000 C000000 841899
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 THE BRADFORD FUNDS, INC.
001 B000000 811-5682
001 C000000 3027912300
002 A000000 400 BELLEVUE PARKWAY
002 B000000 WILMINGTON
002 C000000 DE
002 D010000 19809
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
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 A000001 BRADFORD CAPITAL MANAGEMENT LTD.
008 B000001 A
008 C000001 801-33632
008 D010001 NASHVILLE
008 D020001 TN
008 D030001 37201
010 A000001 PFPC INC.
010 B000001 85-1196
010 C010001 WILMINGTON
010 C020001 DE
010 C030001 19809
011 A000001 J.C. BRADFORD & CO., L.L.C.
011 B000001 8-3953
011 C010001 NASHVILLE
011 C020001 TN
011 C030001 37201
012 A000001 J.C. BRADFORD & CO., L.L.C.
012 B000001 85-0000000
012 C010001 NASHVILLE
<PAGE> PAGE 2
012 C020001 TN
012 C030001 37201
013 A000001 DELOITTE & TOUCHE L.L.P.
013 B010001 NASHVILLE
013 B020001 TN
013 B030001 37201
014 A000001 J.C. BRADFORD & CO., L.L.C.
014 B000001 8-3953
015 A000001 PNC BANK N.A.
015 B000001 C
015 C010001 PHILADELPHIA
015 C020001 PA
015 C030001 19103
015 E010001 X
018 000000 Y
019 A000000 N
019 B000000 0
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 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000001 13-5674085
022 C000001 664542
022 D000001 56446
022 A000002 GOLDMAN SACHS & CO.
022 B000002 13-5108880
022 C000002 451269
022 D000002 39957
022 A000003 LEHMAN BROTHERS GOVERNMENT SEC
022 B000003 13-2518466
022 C000003 316304
022 D000003 0
022 A000004 BANK OF AMERICA
022 B000004 94-1687665
022 C000004 150033
022 D000004 0
022 A000005 CS FIRST BOSTON CORP.
022 B000005 13-5659485
022 C000005 142353
022 D000005 0
022 A000006 BEAR STEARNS & CO., INC.
022 B000006 13-3299429
022 C000006 104219
<PAGE> PAGE 3
022 D000006 0
022 A000007 BANKERS TRUST CO.
022 B000007 13-4941247
022 C000007 100195
022 D000007 0
022 A000008 FIRST CHICAGO CAPITAL MARKETS
022 B000008 36-3595942
022 C000008 94063
022 D000008 0
022 A000009 SANWA BANK
022 B000009 13-3046258
022 C000009 79478
022 D000009 0
022 A000010 FORD MOTOR CREDIT CORP.
022 B000010 38-1612444
022 C000010 58377
022 D000010 0
023 C000000 2160833
023 D000000 96403
024 000000 Y
025 A000001 FORD MOTOR CREDIT CORP
025 B000001 38-1612444
025 C000001 D
025 D000001 42423
025 A000002 MERRILL LYNCH PIERCE FENNER & SMITH
025 B000002 13-5674085
025 C000002 D
025 D000002 52174
025 A000003 J.P. MORGAN
025 B000003 13-3224016
025 C000003 D
025 D000003 20973
025 A000004 BEAR STEARNS COMPANIES, INC
025 B000004 13-3299429
025 C000004 D
025 D000004 57220
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 518178
<PAGE> PAGE 4
028 A020000 3754
028 A030000 0
028 A040000 443876
028 B010000 370066
028 B020000 3980
028 B030000 0
028 B040000 377089
028 C010000 417563
028 C020000 4547
028 C030000 0
028 C040000 406082
028 D010000 485884
028 D020000 3804
028 D030000 0
028 D040000 456889
028 E010000 462414
028 E020000 4948
028 E030000 0
028 E040000 480924
028 F010000 488996
028 F020000 3744
028 F030000 0
028 F040000 475608
028 G010000 2743101
028 G020000 24777
028 G030000 0
028 G040000 2640468
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
<PAGE> PAGE 5
042 H000000 0
043 000000 1108
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 500000
048 A020000 0.400
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 500000
048 K020000 0.350
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 Y
053 C000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 Y
<PAGE> PAGE 6
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 250
062 A000000 Y
062 B000000 0.1
062 C000000 13.8
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 85.2
062 J000000 0.0
062 K000000 0.0
062 L000000 0.9
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 44
063 B000000 0.0
064 A000000 N
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
<PAGE> PAGE 7
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 N
070 K020000 N
070 L010000 Y
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 0
071 B000000 0
071 C000000 0
071 D000000 0
072 A000000 6
072 B000000 30187
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 2065
072 G000000 257
072 H000000 0
072 I000000 603
072 J000000 60
072 K000000 24
072 L000000 52
072 M000000 23
072 N000000 58
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 10
072 S000000 19
072 T000000 1108
072 U000000 0
072 V000000 0
072 W000000 27
072 X000000 4306
072 Y000000 30
072 Z000000 25911
<PAGE> PAGE 8
072AA000000 0
072BB000000 0
072CC010000 0
072CC020000 0
072DD010000 25911
072DD020000 0
072EE000000 0
073 A010000 0.0232
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 2049
074 B000000 0
074 C000000 1135546
074 D000000 0
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 846
074 M000000 23
074 N000000 1138464
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 1682
074 S000000 0
074 T000000 1136782
074 U010000 1136796
074 U020000 0
074 V010000 1.00
074 V020000 0.00
074 W000000 0.9995
074 X000000 106480
074 Y000000 0
075 A000000 1114860
075 B000000 0
076 000000 0.00
077 A000000 N
078 000000 N
080 A000000 CHUBB GROUP OF INSURANCE COMPANIES
080 C000000 1250
081 A000000 N
081 B000000 0
082 A000000 Y
<PAGE> PAGE 9
082 B000000 1
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE WENDY MCGEE
TITLE LEGAL ASSISTANT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000841899
<NAME> THE BRADFORD FUNDS, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 1135545885
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 845529
<ASSETS-OTHER> 2072687
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1138464101
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1682590
<TOTAL-LIABILITIES> 1682590
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1136795850
<SHARES-COMMON-STOCK> 1136795850
<SHARES-COMMON-PRIOR> 1009383915
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (14339)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1136781511
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 30187426
<OTHER-INCOME> 0
<EXPENSES-NET> 4276500
<NET-INVESTMENT-INCOME> 25910926
<REALIZED-GAINS-CURRENT> (139)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 25910787
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (25910926)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2743101703
<NUMBER-OF-SHARES-REDEEMED> (2640467589)
<SHARES-REINVESTED> 24777821
<NET-CHANGE-IN-ASSETS> 127411796
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (14200)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2065256
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4306358
<AVERAGE-NET-ASSETS> 1114859603
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .023
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.023)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .77
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
