STRATUS FUND INC
NSAR-A, 1997-02-26
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<PAGE>      PAGE  1
000 A000000 12/31/96
000 C000000 870156
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 STRATUS FUND, INC.
001 B000000 811-6259
001 C000000 4024763000
002 A000000 1225 L STREET P.O. BOX 83000
002 B000000 LINCOLN
002 C000000 NE
002 D010000 68501
002 D020000 3000
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  5
007 C010100  1
007 C010200  2
007 C020200 INTERMEDIATE GOVERNMENT BOND PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 CAPITAL APPRECIATION PORTFOLIO
007 C030300 N
007 C010400  4
007 C020400 GROWTH PORTFOLIO
007 C030400 N
007 C010500  5
007 C020500 GOVERNMENT SECURITIES PORTFOLIO
007 C030500 N
007 C010600  6
007 C020600 INTERNATIONAL PORTFOLIO
007 C030600 N
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
020 A000001 SMITH BARNEY
020 B000001 13-1912900
020 C000001     32
020 A000002 SMITH HAYES FINANCIAL SERVICES
020 B000002 13-5674085
020 C000002     20
020 A000003 PAINE WEBBER
020 B000003 13-2638166
<PAGE>      PAGE  2
020 C000003      8
020 A000004 GOLDMAN SACHS
020 B000004 13-5108880
020 C000004      6
020 A000005 DEAN WITTER SECURITIES
020 B000005 22-2347336
020 C000005      4
020 A000006 WERTHEIM SCHRODER
020 B000006 13-2697272
020 C000006      4
020 A000007 SECURITIES TRADING
020 B000007 31-1258057
020 C000007      4
020 A000008 PRUDENTIAL SECURITIES
020 B000008 22-2347336
020 C000008      3
020 A000009 MERRILL LYNCH
020 B000009 13-5674085
020 C000009      3
020 A000010 DONALDSON LUFKIN & JENRETTE
020 B000010 13-2741729
020 C000010      2
021  000000       88
022 A000001 G.X. CLARKE
022 B000001 13-2969143
022 C000001      4194
022 D000001      2043
022 A000002 SMITH BARNEY
022 B000002 13-1912900
022 C000002      1818
022 D000002      1633
022 A000003 HSBC
022 B000003 13-3046258
022 C000003       473
022 D000003       250
022 A000004 MERRILL LYNCH
022 B000004 13-5674085
022 C000004        74
022 D000004        61
022 A000005 DEAN WITTER
022 B000005 22-2347336
022 C000005       131
022 D000005         0
022 A000006 PRUDENTIAL SECURITIES
022 B000006 22-2347336
022 C000006         0
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022 C000007         0
022 D000007        98
<PAGE>      PAGE  3
022 A000008 WERTHEIM SCHRODER
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022 D000009         0
022 C000010         0
022 D000010         0
023 C000000       6722
023 D000000       4249
077 A000000 N
008 A000201 UNION BANK & TRUST COMPANY
008 B000201 A
008 C000201 801-n/a
008 D010201 LINCOLN
008 D020201 NE
008 D030201 68506
008 D040201 6155
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<PAGE>      PAGE  4
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032  000200      0
033  000200      0
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062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200  2.4
064 A000200 N
064 B000200 N
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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008 A000301 UNION BANK & TRUST COMPANY
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<PAGE>      PAGE  7
062 E000300   0.0
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<PAGE>      PAGE  8
073 A010300   0.0000
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008 A000401 UNION BANK & TRUST COMPANY
008 B000401 A
008 C000401 801-n/a
008 D010401 LINCOLN
008 D020401 NE
008 D030401 68506
008 D040401 6155
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<PAGE>      PAGE  9
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033  000400      0
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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008 A000501 UNION BANK & TRUST COMPANY
008 B000501 A
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008 D010501 LINCOLN
008 D020501 NE
008 D030501 68506
008 D040501 6155
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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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008 A000601 UNION BANK & TRUST COMPANY
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008 D040601 6155
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<PAGE>      PAGE  15
030 B000600  4.00
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051  000600 N
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<PAGE>      PAGE  16
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066 A000600 Y
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070 H020600 N
070 I010600 N
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<PAGE>      PAGE  17
071 A000600      6970
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<PAGE>      PAGE  18
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SIGNATURE   THOMAS C. SMITH                              
TITLE       CHAIRMAN            

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
PURSUANT TO ITEM 601 (C) (2) OF REG. S-K AND S-B.
</LEGEND>
<CIK> 0000870156
<NAME> STRATUS FUND, INC.
<SERIES>
   <NUMBER> 2
   <NAME> INTERMEDIATE GOVERNMENT BOND PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                          5587200
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<LEGEND>
PURSUANT TO ITEM 601 (C) (2) OF REG. S-K AND S-B.
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<CIK> 0000870156
<NAME> STRATUS FUND, INC.
<SERIES>
   <NUMBER> 3
   <NAME> CAPITAL APPRECIATION PORTFOLIO
       
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<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Pursuant to Item 601 (c) (2) of Reg. S-K and S-B.
</LEGEND>
<CIK> 0000870156
<NAME> STRATUS FUND, INC.
<SERIES>
   <NUMBER> 4
   <NAME> GROWTH PORTFOLIO
       
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<TABLE> <S> <C>

<ARTICLE> 6
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Pursuant to Item 601 (c) (2) of Reg. S-K and S-B.
</LEGEND>
<CIK> 0000870156
<NAME> STRATUS FUND, INC.
<SERIES>
   <NUMBER> 5
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<LEGEND>
PURSUANT TO ITEM 601 (C)(2) OF REG. S-K AND S-B.
</LEGEND>
<CIK> 0000870156
<NAME> STRATUS FUND, INC.
<SERIES>
   <NUMBER> 6
   <NAME> INTERNATIONAL PORTFOLIO
       
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