59 WALL STREET FUND INC
NSAR-B, 1999-01-12
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000 B000000 10/31/98
000 C000000 0000865898
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 59 WALL STREET FUND, INC.
001 B000000 811-06139
001 C000000 6174230800
002 A000000 21 MILK ST., 5TH FLOOR
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  8
007 C010100  1
007 C020100 THE 59 WALL STREET PACIFIC BASIN EQUITY FUND
007 C030100 N
007 C010200  2
007 C020200 THE 59 WALL STREET EUROPEAN EQUITY FUND
007 C030200 N
007 C010300  3
007 C020300 THE 59 WALL STREET SMALL COMPANY FUND
007 C030300 N
007 C010400  4
007 C020400 THE 59 WALL STREET US EQUITY FUND
007 C030400 N
007 C010500  5
007 C020500 THE 59 WALL ST.INFLATION INDEXED SECURITIES
007 C030500 N
007 C010600  6
007 C020600 THE 59 WALL ST. INTERNATIONAL EQUITIES FUND
007 C030600 N
007 C010700  7
007 C020700 THE 59 WALL ST. EMERGING MARKETS FUND
007 C030700 Y
007 C010800  8
007 C020800 THE 59 WALL STREET MID-CAP FUND
007 C030800 N
007 C010900  9
007 C011000 10
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   11
019 C00AA00 59 WALL ST
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 FEDERAL INSURANCE
080 C00AA00     4800
081 A00AA00 Y
081 B00AA00  11
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
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084 B00AA00        0
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028 F040800        16
028 G010800       480
028 G020800         0
028 G030800         0
028 G040800      1080
028 H000800         0
062 A000800 N
062 B000800   0.0
062 C000800   0.0
062 D000800   0.0
062 E000800   0.0
062 F000800   0.0
062 G000800   0.0
062 H000800   0.0
062 I000800   0.0
062 J000800   0.0
062 K000800   0.0
062 L000800   0.0
062 M000800   0.0
062 N000800   0.0
062 O000800   0.0
062 P000800   0.0
062 Q000800   0.0
062 R000800   0.0
071 A000800     26429
071 B000800     17245
071 C000800      8443
071 D000800  204
072 A000800 12
072 B000800        0
072 C000800        0
072 D000800        0
072 E000800       20
072 F000800        0
072 G000800        2
072 H000800        0
072 I000800        0
072 J000800        0
072 K000800        0
072 L000800        0
072 M000800        0
072 N000800        0
072 O000800        0
072 P000800        0
072 Q000800        0
072 R000800        0
072 S000800        0
072 T000800        0
072 U000800        0
072 V000800        0
072 W000800       11
072 X000800       13
072 Y000800        0
072 Z000800        8
072AA000800        0
072BB000800      154
072CC010800        0
072CC020800      254
072DD010800        0
072DD020800        0
072EE000800        0
073 A010800   0.0000
073 A020800   0.0000
073 B000800   0.0000
073 C000800   0.0000
074 A000800        0
074 B000800        0
074 C000800        0
074 D000800        0
074 E000800        0
074 F000800        0
074 G000800        0
074 H000800        0
074 I000800     1403
074 J000800        0
074 K000800        8
074 L000800       62
074 M000800        9
074 N000800     1482
074 O000800        0
074 P000800        7
074 Q000800        0
074 R010800        0
074 R020800        0
074 R030800        0
074 R040800        0
074 S000800        0
074 T000800     1475
074 U010800      165
074 U020800        0
074 V010800     8.92
074 V020800     0.00
074 W000800   0.0000
074 X000800       37
074 Y000800        0
075 A000800        0
075 B000800     1615
076  000800     0.00
SIGNATURE   JOHN R. ELDER                                
TITLE       TREASURER           
 

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
     This schedule contains summary financial  information extracted from the 59
Wall Street  Pacific  Basin Fund Annual  Report dated  October 31, 1998,  and is
qualified in its entirety by reference to such report.
</LEGEND>
<CIK> 0000865898
<NAME> THE 59 WALL STREET FUND, INC.
<SERIES>
   <NUMBER> 1
   <NAME> THE 59 WALL STREET PACIFIC BASIN EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                       33,056,782
<INVESTMENTS-AT-VALUE>                      35,110,404
<RECEIVABLES>                                1,906,774
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              37,017,178
<PAYABLE-FOR-SECURITIES>                       349,605
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    4,037,197
<TOTAL-LIABILITIES>                          4,386,802
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    71,153,682
<SHARES-COMMON-STOCK>                        1,606,882
<SHARES-COMMON-PRIOR>                        4,172,270
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         489,072
<ACCUMULATED-NET-GAINS>                   (36,462,766)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (1,571,468)
<NET-ASSETS>                                32,630,376
<DIVIDEND-INCOME>                              279,226
<INTEREST-INCOME>                               28,642
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 623,565
<NET-INVESTMENT-INCOME>                      (315,697)
<REALIZED-GAINS-CURRENT>                  (20,966,434)
<APPREC-INCREASE-CURRENT>                   15,355,772
<NET-CHANGE-FROM-OPS>                      (5,926,359)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,028,455
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                        2,160,330
<NUMBER-OF-SHARES-SOLD>                      2,679,150
<NUMBER-OF-SHARES-REDEEMED>                  5,251,617
<SHARES-REINVESTED>                              7,079
<NET-CHANGE-IN-ASSETS>                    (69,676,115)
<ACCUMULATED-NII-PRIOR>                      1,344,152
<ACCUMULATED-GAINS-PRIOR>                 (14,360,902)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          281,852
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                702,300
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                            24.52
<PER-SHARE-NII>                                 (0.20)
<PER-SHARE-GAIN-APPREC>                         (2.39)
<PER-SHARE-DIVIDEND>                              0.52
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                              1.10
<PER-SHARE-NAV-END>                              20.31
<EXPENSE-RATIO>                                   1.62
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
     This schedule contains summary financial  information extracted from the 59
Wall Street  European  Equity fund Annual Report dated October 31, 1998,  and is
qulaified in its entirety by reference to such report.
</LEGEND>
<CIK> 0000865898
<NAME> THE 59 WALL STREET FUND, INC.
<SERIES>
   <NUMBER> 2
   <NAME> THE 59 WALL STREET EUROPEAN EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                      127,736,740
<INVESTMENTS-AT-VALUE>                     158,292,192
<RECEIVABLES>                                6,846,622
<ASSETS-OTHER>                                 111,337
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             165,250,151
<PAYABLE-FOR-SECURITIES>                     9,231,560
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      461,840
<TOTAL-LIABILITIES>                          9,693,400
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   106,472,251
<SHARES-COMMON-STOCK>                        3,983,600
<SHARES-COMMON-PRIOR>                        4,055,462
<ACCUMULATED-NII-CURRENT>                    2,106,080
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     16,401,088
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    30,577,332
<NET-ASSETS>                               155,556,751
<DIVIDEND-INCOME>                            2,843,305
<INTEREST-INCOME>                               15,720
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,897,127
<NET-INVESTMENT-INCOME>                        961,898
<REALIZED-GAINS-CURRENT>                    18,182,740
<APPREC-INCREASE-CURRENT>                    8,405,926
<NET-CHANGE-FROM-OPS>                       27,550,564
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,180,532
<DISTRIBUTIONS-OF-GAINS>                    19,684,595
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,734,540
<NUMBER-OF-SHARES-REDEEMED>                  3,861,404
<SHARES-REINVESTED>                             55,002
<NET-CHANGE-IN-ASSETS>                       1,378,076
<ACCUMULATED-NII-PRIOR>                        543,447
<ACCUMULATED-GAINS-PRIOR>                   19,683,808
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,045,922
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,931,955
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                            38.02
<PER-SHARE-NII>                                   0.42
<PER-SHARE-GAIN-APPREC>                           6.06
<PER-SHARE-DIVIDEND>                              0.31
<PER-SHARE-DISTRIBUTIONS>                         5.14
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              39.05
<EXPENSE-RATIO>                                   1.21
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
     This schedule contains summary financial  information extracted from the 59
Wall Street Small  Company Fund Annual  Report  dated  October 31, 1998,  and is
qualified in its entirety by reference to such report.
</LEGEND>
<CIK> 0000865898
<NAME> THE 59 WALL STREET FUND, INC.
<SERIES>
   <NUMBER> 3
   <NAME> THE 59 WALL STREET SMALL COMPANY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                       20,158,053
<INVESTMENTS-AT-VALUE>                      29,687,610
<RECEIVABLES>                                  300,000
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              29,987,610
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      145,536
<TOTAL-LIABILITIES>                            145,536
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    21,899,167
<SHARES-COMMON-STOCK>                        2,155,729
<SHARES-COMMON-PRIOR>                        2,174,129
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      9,529,557
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (1,586,650)
<NET-ASSETS>                                29,842,074
<DIVIDEND-INCOME>                              282,570
<INTEREST-INCOME>                               42,902
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 514,217
<NET-INVESTMENT-INCOME>                      (188,745)
<REALIZED-GAINS-CURRENT>                     7,590,002
<APPREC-INCREASE-CURRENT>                 (12,624,297)
<NET-CHANGE-FROM-OPS>                      (5,223,040)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     3,203,180
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        397,132
<NUMBER-OF-SHARES-REDEEMED>                    430,436
<SHARES-REINVESTED>                             14,904
<NET-CHANGE-IN-ASSETS>                     (8,825,787)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    3,652,738
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                514,217
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                            17.79
<PER-SHARE-NII>                                 (0.09)
<PER-SHARE-GAIN-APPREC>                         (2.35)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         1.51
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.84
<EXPENSE-RATIO>                                   1.41
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
     This schedule contains summary financial  information extracted from the 59
Wall Street U. S.  Equity Fund Annual  Report  dated  October 31,  1998,  and is
qualified in its entirety by reference to such report.
</LEGEND>
<CIK> 0000865898
<NAME> THE 59 WALL STREET FUND, INC.
<SERIES>
   <NUMBER> 4
   <NAME> THE 59 WALL STREET U.S. EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                       57,179,462
<INVESTMENTS-AT-VALUE>                      62,712,102
<RECEIVABLES>                                   87,945
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              62,800,047
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      745,504
<TOTAL-LIABILITIES>                            745,504
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    38,418,596
<SHARES-COMMON-STOCK>                        1,219,736
<SHARES-COMMON-PRIOR>                        1,309,479
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     18,103,307
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     5,532,640
<NET-ASSETS>                                62,054,543
<DIVIDEND-INCOME>                              870,801
<INTEREST-INCOME>                                3,145
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 843,626
<NET-INVESTMENT-INCOME>                         30,320
<REALIZED-GAINS-CURRENT>                    18,080,219
<APPREC-INCREASE-CURRENT>                 (16,733,860)
<NET-CHANGE-FROM-OPS>                        1,376,679
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     4,159,510
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        332,757
<NUMBER-OF-SHARES-REDEEMED>                    427,691
<SHARES-REINVESTED>                              5,191
<NET-CHANGE-IN-ASSETS>                     (6,990,041)
<ACCUMULATED-NII-PRIOR>                         18,183
<ACCUMULATED-GAINS-PRIOR>                    4,134,125
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          476,908
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                886,093
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                            52.73
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                           1.24
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         3.12
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              50.88
<EXPENSE-RATIO>                                   1.21
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
     This schedule contains summary financial  information extracted from the 59
Wall Street  Inflation  Indexed  Securities Fund Annual Report dated October 31,
1998, and is qualified in its entirety by reference to such report.
</LEGEND>
<CIK> 0000865898
<NAME> THE 59 WALL STREET FUND, INC.
<SERIES>
   <NUMBER> 05
   <NAME> THE 59 WALL STREET INFLATION INDEXED SECURITIES FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                       12,473,870
<INVESTMENTS-AT-VALUE>                      12,501,112
<RECEIVABLES>                                  122,247
<ASSETS-OTHER>                                  68,503
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              12,691,862
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       98,018
<TOTAL-LIABILITIES>                             98,018
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    13,141,583
<SHARES-COMMON-STOCK>                        1,322,867
<SHARES-COMMON-PRIOR>                        1,445,711
<ACCUMULATED-NII-CURRENT>                       45,127
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (619,329)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        26,463
<NET-ASSETS>                                12,593,844
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              633,240
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  80,184
<NET-INVESTMENT-INCOME>                        553,056
<REALIZED-GAINS-CURRENT>                        25,456
<APPREC-INCREASE-CURRENT>                       24,847
<NET-CHANGE-FROM-OPS>                          603,359
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      547,932
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        367,554
<NUMBER-OF-SHARES-REDEEMED>                    498,991
<SHARES-REINVESTED>                              8,593
<NET-CHANGE-IN-ASSETS>                     (1,149,947)
<ACCUMULATED-NII-PRIOR>                         40,018
<ACCUMULATED-GAINS-PRIOR>                    (644,838)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           30,843
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 80,184
<AVERAGE-NET-ASSETS>                        12,736,185
<PER-SHARE-NAV-BEGIN>                             9.51
<PER-SHARE-NII>                                   0.45
<PER-SHARE-GAIN-APPREC>                           0.01
<PER-SHARE-DIVIDEND>                              0.45
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               9.52
<EXPENSE-RATIO>                                   0.65
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
     This schedule contains summary financial  information extracted from the 59
Wall Street  International Equity Fund Annual Report dated October 31, 1998, and
is qualified in its entirety by reference to such report.
</LEGEND>
<CIK> 0000865898
<NAME> THE 59 WALL STREET FUND, INC.
<SERIES>
   <NUMBER> 6
   <NAME> THE 59 WALL STREET INTERNATIONAL EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                       26,728,436
<INVESTMENTS-AT-VALUE>                      27,408,309
<RECEIVABLES>                                   86,840
<ASSETS-OTHER>                                   9,465
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              27,504,614
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       29,633
<TOTAL-LIABILITIES>                             29,633
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    27,150,358
<SHARES-COMMON-STOCK>                        2,723,352
<SHARES-COMMON-PRIOR>                          747,583
<ACCUMULATED-NII-CURRENT>                       72,932
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (428,182)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       679,873
<NET-ASSETS>                                27,474,981
<DIVIDEND-INCOME>                              291,028
<INTEREST-INCOME>                               26,791
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 353,649
<NET-INVESTMENT-INCOME>                       (35,830)
<REALIZED-GAINS-CURRENT>                      (49,232)
<APPREC-INCREASE-CURRENT>                    1,018,711
<NET-CHANGE-FROM-OPS>                          933,649
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        83,044
<DISTRIBUTIONS-OTHER>                           49,347
<NUMBER-OF-SHARES-SOLD>                      2,272,830
<NUMBER-OF-SHARES-REDEEMED>                    303,784
<SHARES-REINVESTED>                              6,723
<NET-CHANGE-IN-ASSETS>                      20,435,018
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                353,649
<AVERAGE-NET-ASSETS>                        25,737,521
<PER-SHARE-NAV-BEGIN>                             9.42
<PER-SHARE-NII>                                   0.00
<PER-SHARE-GAIN-APPREC>                           0.75
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         0.05
<RETURNS-OF-CAPITAL>                              0.03
<PER-SHARE-NAV-END>                              10.09
<EXPENSE-RATIO>                                   1.05
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
     This schedule contains summary financial  information extracted from the 59
Wall Street  Mid-Cap Fund Annual Report dated October 31, 1998, and is qualified
in its entirety by reference to such report.
</LEGEND>
<CIK> 0000865898
<NAME> THE 59 WALL STREET FUND, INC.
<SERIES>
   <NUMBER> 08
   <NAME> THE 59 WALL STREET MID-CAP FUND
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-START>                             NOV-20-1997
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                        1,656,943
<INVESTMENTS-AT-VALUE>                       1,403,145
<RECEIVABLES>                                   69,768
<ASSETS-OTHER>                                   9,464
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               1,482,377
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        7,819
<TOTAL-LIABILITIES>                              7,819
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     1,875,138
<SHARES-COMMON-STOCK>                          165,387
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        6,944
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (153,726)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (253,798)
<NET-ASSETS>                                 1,474,558
<DIVIDEND-INCOME>                               32,499
<INTEREST-INCOME>                                  442
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  25,997
<NET-INVESTMENT-INCOME>                          6,944
<REALIZED-GAINS-CURRENT>                     (153,726)
<APPREC-INCREASE-CURRENT>                    (253,798)
<NET-CHANGE-FROM-OPS>                        (400,580)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        308,517
<NUMBER-OF-SHARES-REDEEMED>                    143,130
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       1,474,558
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 25,997
<AVERAGE-NET-ASSETS>                         1,267,607
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                         (1.12)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.92
<EXPENSE-RATIO>                                   1.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

To the Board of Directors and Shareholders of
   The 59 Wall Street Fund, Inc.:


     In planning and performing our audits of the financial statements of The 59
Wall Street Fund, Inc.  (comprising The 59 Wall Street European Equity Fund, The
59 Wall Street Pacific Basin Equity Fund, The 59 Wall Street Small Company Fund,
The 59 Wall  Street  U.S.  Equity  Fund,  The 59 Wall  Street  Inflation-Indexed
Securities  Fund, The 59 Wall Street  International  Equity Fund and The 59 Wall
Street Mid-Cap Fund Portfolios) for the year ended October 31, 1998, on which we
have issued our reports dated  December 11, 1998, we considered  their  internal
control,  including control activities for safeguarding securities,  in order to
determine our auditing  procedures for the purpose of expressing our opinions on
the financial  statements and to comply with the requirements of Form N-SAR, and
not to provide assurance on the internal control.
     The  management  of The 59  Wall  Street  Fund,  Inc.  is  responsible  for
establishing   and   maintaining    internal   control.   In   fulfilling   this
responsibility, estimates and judgments by management are required to assess the
expected  benefits and related costs of controls.  Generally,  controls that are
relevant to an audit  pertain to the entity's  objective of preparing  financial
statements for external  purposes that are fairly  presented in conformity  with
generally   accepted   accounting   principles.   Those  controls   include  the
safeguarding of assets against unauthorized acquisition, use or disposition.
     Because of inherent  limitations in any internal  control,  errors or fraud
may occur and not be detected.  Also,  projection of any  evaluation of internal
control to future  periods is subject to the risk that it may become  inadequate
because of changes in  conditions  or that the  effectiveness  of the design and
operation may deteriorate.
     Our  consideration of the internal  control would not necessarily  disclose
all  matters  in  internal  control  that  might be  material  weaknesses  under
standards established by the American Institute of Certified Public Accountants.
A material  weakness is a condition  in which the design or  operation of one or
more of the internal  control  components  does not reduce to a  relatively  low
level the risk  that  errors  or fraud in  amounts  that  would be  material  in
relation to the financial statements being audited may occur and not be detected
within a timely  period by employees in the normal  course of  performing  their
assigned functions.  However, we noted no matters involving the internal control
and its  operation,  including  controls for  safeguarding  securities,  that we
consider to be material weaknesses as defined above as of October 31, 1998.
     This report is intended  solely for the  information  and use of management
and the Securities and Exchange Commission.

December 11, 1998

/s/ Deloitte & Touche LLP


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