<PAGE> PAGE 1
000 A000000 06/30/98
000 C000000 0000867575
000 D000000 N
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000 F000000 Y
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001 A000000 THE FAHNESTOCK FUNDS
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002 B000000 NEW YORK
002 C000000 NY
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020 B000001 13-5674085
020 C000001 7
020 A000002 BT ALEX. BROWN
020 B000002 52-1319768
020 C000002 4
020 A000003 BURNHAM SECURITIES, INC.
020 B000003 13-3435435
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020 A000004 SOLOMON SMITH BARNEY, INC.
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020 A000005 JANNEY MONTGOMERY SCOTT, INC.
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020 A000006 PREDENTIAL SECURITIES, INC.
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<PAGE> PAGE 2
020 C000006 2
020 A000007 CLEARY GULL, REILAND & MCDEVITT, INC.
020 B000007 39-1567700
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020 A000008 FURMAN SELZ LLC
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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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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<PAGE> PAGE 9
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SIGNATURE RUSSELL L. POLLACK
TITLE SECRETARY
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<NAME> The Fahnestock Funds
Hudson Capital Appreciation Fund
Class A Shares
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Hudson Capital Appreciation Fund
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