FFTW FUNDS INC
NSAR-A, 1997-09-02
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<PAGE>      PAGE  1
000 A000000 06/30/97
000 C000000 0000848012
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 FFTW FUNDS, INC.
001 B000000 811-5796
001 C000000 2126813000
002 A000000 200 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10166
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  8
007 C010100  1
007 C020100 U.S. SHORT-TERM PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 WORLDWIDE PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 WORLDWIDE-HEDGED PORTFOLIO
007 C030300 N
007 C010400  4
007 C020400 INTERNATIONAL-HEDGED PORTFOLIO
007 C030400 N
007 C010500  5
007 C020500 STABLE RETURN PORTFOLIO
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
007 C020800 MORTGAGE TOTAL RETURN PORTFOLIO
007 C030800 N
007 C010900  9
007 C020900 INTERNATIONAL PORTFOLIO
007 C030900 N
007 C011000 10
007 C021000 MONEY MARKET PORTFOLIO
007 C031000 N
010 A00AA01 AMT CAPITAL SERVICES, INC.
010 B00AA01 8-47718
010 C01AA01 NEW YORK
<PAGE>      PAGE  2
010 C02AA01 NY
010 C03AA01 10020
020 A000001 GOLDMAN SACHS & CO.
020 B000001 13-5108880
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022 A000001 BANK OF BOSTON
022 B000001 04-2472499
022 C000001   9856135
022 D000001         0
022 A000002 LEHMAN BROTHERS, INC.
022 B000002 13-2518466
022 C000002   4244855
022 D000002   3745156
022 A000003 UBS SECURITIES, INC.
022 B000003 13-3873456
022 C000003   1802977
022 D000003   1505909
022 A000004 JP MORGAN SECURITIES, INC.
022 B000004 13-3224016
022 C000004   1494275
022 D000004    474891
022 A000005 SALOMON BROTHERS, INC.
022 B000005 13-3082694
022 C000005   2137329
022 D000005   1503007
022 A000006 SANWA BANK LTD.
022 B000006 13-3046258
022 C000006   3225589
022 D000006   1296489
022 A000007 GOLDMAN SACHS & COMPANY
022 B000007 13-5108880
022 C000007   1488389
022 D000007   1130923
022 A000008 CITIBANK
022 B000008 N/A
022 C000008   2019879
022 D000008    545772
022 A000009 MERRILL LYNCH PIERCE FENNER & SMITH
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022 C000009   1897834
022 D000009   1830630
<PAGE>      PAGE  3
022 A000010 GREENWICH CAPITAL
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<PAGE>      PAGE  4
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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  17
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SIGNATURE   WILLIAM E. VASTARDIS                         
TITLE       SECRETARY           
 

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</TABLE>

<TABLE> <S> <C>

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</TABLE>

<TABLE> <S> <C>

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</TABLE>

<TABLE> <S> <C>

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</TABLE>

<TABLE> <S> <C>

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<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (657)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           348
<NET-ASSETS>                                     60911
<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      96
<NET-INVESTMENT-INCOME>                           1141
<REALIZED-GAINS-CURRENT>                           473
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1138
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                           2706
<NUMBER-OF-SHARES-REDEEMED>                         67
<SHARES-REINVESTED>                                104
<NET-CHANGE-IN-ASSETS>                           30887
<ACCUMULATED-NII-PRIOR>                            268
<ACCUMULATED-GAINS-PRIOR>                        (1130)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               54
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    119
<AVERAGE-NET-ASSETS>                             43321
<PER-SHARE-NAV-BEGIN>                            10.91
<PER-SHARE-NII>                                   0.29
<PER-SHARE-GAIN-APPREC>                           0.18
<PER-SHARE-DIVIDEND>                              0.29
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.09
<EXPENSE-RATIO>                                   0.45
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 4
   <NAME> INTERNATIONAL-HEDGED PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                    6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                            135528
<INVESTMENTS-AT-VALUE>                           135446
<RECEIVABLES>                                     39125
<ASSETS-OTHER>                                     2
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   174575
<PAYABLE-FOR-SECURITIES>                          7324
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          2282
<TOTAL-LIABILITIES>                               9606
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         164071
<SHARES-COMMON-STOCK>                             16542
<SHARES-COMMON-PRIOR>                             12924
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (702)
<ACCUMULATED-NET-GAINS>                            1545
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           55
<NET-ASSETS>                                     164969
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 2993
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     385
<NET-INVESTMENT-INCOME>                           2608
<REALIZED-GAINS-CURRENT>                         2246
<APPREC-INCREASE-CURRENT>                         733
<NET-CHANGE-FROM-OPS>                             5587
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          3310
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             3756
<NUMBER-OF-SHARES-REDEEMED>                          472
<SHARES-REINVESTED>                                  334
<NET-CHANGE-IN-ASSETS>                            38324
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          (701)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               258
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     385
<AVERAGE-NET-ASSETS>                             130057
<PER-SHARE-NAV-BEGIN>                            9.80
<PER-SHARE-NII>                                   0.19
<PER-SHARE-GAIN-APPREC>                          0.21
<PER-SHARE-DIVIDEND>                             0.23
<PER-SHARE-DISTRIBUTIONS>                         .00
<RETURNS-OF-CAPITAL>                              .00
<PER-SHARE-NAV-END>                              9.97
<EXPENSE-RATIO>                                   .60
<AVG-DEBT-OUTSTANDING>                              0
<AVG-DEBT-PER-SHARE>                                0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 98
   <NAME> MORTGAGE TOTAL RETURN PORTFOLIO
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                    6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                          1184975
<INVESTMENTS-AT-VALUE>                         1185161  
<RECEIVABLES>                                   153962 
<ASSETS-OTHER>                                      28
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1339151
<PAYABLE-FOR-SECURITIES>                        724307
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       117649
<TOTAL-LIABILITIES>                             841956  
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        494546
<SHARES-COMMON-STOCK>                            48510
<SHARES-COMMON-PRIOR>                           217560
<ACCUMULATED-NII-CURRENT>                       0
<OVERDISTRIBUTION-NII>                          (4962)     
<ACCUMULATED-NET-GAINS>                           7418
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           193  
<NET-ASSETS>                                    497195
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                13864
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1158  
<NET-INVESTMENT-INCOME>                          12706  
<REALIZED-GAINS-CURRENT>                          7156
<APPREC-INCREASE-CURRENT>                        (264)
<NET-CHANGE-FROM-OPS>                            19598
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        16408
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                            25319   
<NUMBER-OF-SHARES-SOLD>                          180
<NUMBER-OF-SHARES-REDEEMED>                      1615 
<SHARES-REINVESTED>                               180
<NET-CHANGE-IN-ASSETS>                           1615
<ACCUMULATED-NII-PRIOR>                         276205
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                          (1260)  
<OVERDIST-NET-GAINS-PRIOR>                         262     
<GROSS-ADVISORY-FEES>                             600 
<INTEREST-EXPENSE>                                 265  
<GROSS-EXPENSE>                                    1158
<AVERAGE-NET-ASSETS>                             403148
<PER-SHARE-NAV-BEGIN>                            10.16
<PER-SHARE-NII>                                    .29
<PER-SHARE-GAIN-APPREC>                            .18
<PER-SHARE-DIVIDEND>                               .38
<PER-SHARE-DISTRIBUTIONS>                          .00
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.25
<EXPENSE-RATIO>                                   0.45
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

Exhibit 77C to FFTW Funds, Inc.'s NSAR-A.  

Item 77C-  Matters Submitted to a Vote of 
Security Holders

On January 21, 1997 the following actions 
were taken by shareholders:  
a) The sole shareholder of the Broad Market 
Portfolio, U.S. Treasury Portfolio, Money 
Market Portfolio, Emerging Markets 
Portfolio, Inflation-Indexed Portfolio, 
and Inflation-Indexed Hedged Portfolio, 
(collectively the "Portfolios")  approved 
the Advisory Agreements between the 
Portfolios and Fischer Francis Trees & 
Watts, Inc. (the "Adviser"),;

b) The sole shareholder for the Emerging 
Markets Portfolio, Inflation-Indexed 
Portfolio, and Inflation-Indexed Hedged of 
the FFTW Funds, Inc., approved the Sub-
Advisory Agreements between Fischer Francis 
Trees & Watts (the "Sub-Adviser") and the 
Adviser.








FFTW FUNDS, INC.
Form N-SAR for the period ending 
June 30, 1997
File Number 811-5796





This report is signed on behalf of the 
Registrant in the City of New York and 
the State of New York on the 29th day 
of August, 1997


FFTW FUNDS, INC.




	By: /s/ William E. Vastardis
							
	William E. Vastardis
							
	 Secretary




Witness  :/s/ Eric P. Nachimovsky
	   Eric P. Nachimovsky


 



 

 





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