<PAGE> PAGE 1
000 A000000 06/30/98
000 C000000 0000856217
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 THE L. ROY PAPP STOCK FUND, INC.
001 B000000 811-05922
001 C000000 6029560980
002 A000000 4400 N. 32ND STREET, SUITE 280
002 B000000 PHOENIX
002 C000000 AZ
002 D010000 85018
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 L. ROY PAPP & ASSOCIATES
008 B000001 A
008 C000001 801-25594
008 D010001 PHOENIX
008 D020001 AZ
008 D030001 85018
013 A000001 ARTHUR ANDERSEN LLP
013 B010001 PHOENIX
013 B020001 AZ
013 B030001 85008
015 A000001 FOUNDERS BANK OF ARIZONA
015 B000001 C
015 C010001 SCOTTSDALE
015 C020001 AZ
015 C030001 85258
015 E010001 X
019 B000000 0
020 A000001 CHARLES SCHWAB & CO., INC.
020 B000001 94-1737782
<PAGE> PAGE 2
020 C000001 3
020 A000002 ESI SECURITIES CO.
020 B000002 13-2862329
020 C000002 1
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 4
022 A000001 CHARLES SCHWAB & CO., INC.
022 B000001 94-1737782
022 C000001 2684
022 D000001 153
022 C000002 0
022 D000002 0
022 C000003 0
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 2684
023 D000000 153
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
027 000000 Y
028 A010000 3524
028 A020000 0
028 A030000 0
028 A040000 2328
028 B010000 2033
<PAGE> PAGE 3
028 B020000 0
028 B030000 0
028 B040000 1609
028 C010000 1630
028 C020000 0
028 C030000 0
028 C040000 2283
028 D010000 1533
028 D020000 0
028 D030000 0
028 D040000 2676
028 E010000 649
028 E020000 0
028 E030000 0
028 E040000 1092
028 F010000 824
028 F020000 0
028 F030000 0
028 F040000 1552
028 G010000 10193
028 G020000 0
028 G030000 0
028 G040000 11540
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
048 000000 0.000
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
<PAGE> PAGE 4
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 0
048 K020000 0.000
061 000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
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 0
063 B000000 0.0
066 A000000 N
071 A000000 3105
071 B000000 4498
071 C000000 86596
071 D000000 4
072 A000000 6
072 B000000 19
072 C000000 321
072 D000000 0
072 E000000 0
072 F000000 433
072 G000000 0
072 H000000 0
072 I000000 5
<PAGE> PAGE 5
072 J000000 4
072 K000000 2
072 L000000 2
072 M000000 2
072 N000000 21
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 8
072 S000000 2
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 25
072 X000000 504
072 Y000000 0
072 Z000000 -164
072AA000000 1627
072BB000000 208
072CC010000 10335
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 614
074 B000000 0
074 C000000 0
074 D000000 0
074 E000000 0
074 F000000 89471
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 82
074 M000000 0
074 N000000 90167
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 103
074 S000000 0
074 T000000 90064
<PAGE> PAGE 6
074 U010000 2645
074 U020000 0
074 V010000 34.05
074 V020000 0.00
074 W000000 0.0000
074 X000000 1309
074 Y000000 0
075 A000000 0
075 B000000 86596
076 000000 0.00
077 A000000 N
078 000000 N
080 C000000 0
081 B000000 2
082 B000000 0
083 B000000 0
084 B000000 0
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 ROBERT L. MUELLER
TITLE VICE PRESIDENT
[ARTICLE] 6
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1998
[PERIOD-END] JUN-30-1998
[INVESTMENTS-AT-COST] 39573919
[INVESTMENTS-AT-VALUE] 89470663
[RECEIVABLES] 82221
[ASSETS-OTHER] 614100
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 90166984
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 103180
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 40167059
[SHARES-COMMON-STOCK] 2645090
[SHARES-COMMON-PRIOR] 2680437
[ACCUMULATED-NII-CURRENT] (164156)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 1419394
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 49896744
[NET-ASSETS] 90063803
[DIVIDEND-INCOME] 321988
[INTEREST-INCOME] 18504
[OTHER-INCOME] 0
[EXPENSES-NET] 504648
[NET-INVESTMENT-INCOME] (164156)
[REALIZED-GAINS-CURRENT] 1419394
[APPREC-INCREASE-CURRENT] 10334960
[NET-CHANGE-FROM-OPS] 11590198
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 321215
[NUMBER-OF-SHARES-REDEEMED] 356562
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 10243735
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 433116
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 504648
[AVERAGE-NET-ASSETS] 86596000
[PER-SHARE-NAV-BEGIN] 29.78
[PER-SHARE-NII] 0
[PER-SHARE-GAIN-APPREC] 4.27
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 34.05
[EXPENSE-RATIO] 1.15
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
