<PAGE> PAGE 1
000 B000000 12/31/93
000 C000000 0000871839
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 T. ROWE PRICE BALANCED FUND, INC.
001 B000000 811-6275
001 C000000 4105472000
002 A000000 100 EAST PRATT STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
018 000000 Y
019 A000000 Y
019 B000000 57
019 C000000 TROWEPRICE
020 A000001 ALEX BROWN
020 B000001 52-1319768
020 C000001 13
020 A000002 ROBERT FLEMING
020 C000002 10
020 A000003 INVESTMENT TECHNOLOGY
020 B000003 95-4339369
020 C000003 6
020 A000004 STANDARD AND POORS
020 B000004 13-2671951
020 C000004 6
020 A000005 WILLIAM O'NEIL
020 B000005 95-2269163
020 C000005 5
020 A000006 WARBURG BRINKMAN
020 B000006 13-3340045
020 C000006 5
020 A000007 SMITH BARNEY SHEARSON
020 B000007 13-1912900
020 C000007 5
020 A000008 BEAR STEARNS
020 B000008 13-3299429
020 C000008 4
020 A000009 NEUBERGER & BERMAN
020 B000009 13-5521970
<PAGE> PAGE 2
020 C000009 4
020 A000010 BURNS FRY HOARE
020 B000010 13-2692943
020 C000010 4
021 000000 92
022 A000001 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001 175205
022 D000001 6963
022 A000002 BANKERS TRUST
022 B000002 13-4941247
022 C000002 176198
022 D000002 3227
022 A000003 SMITH BARNEY SHEARSON
022 B000003 13-1912900
022 C000003 129494
022 D000003 13102
022 A000004 JP MORGAN
022 B000004 13-3224016
022 C000004 62532
022 D000004 0
022 A000005 FIRST BOSTON
022 B000005 13-5659485
022 C000005 58701
022 D000005 1413
022 A000006 B P AMERICAN
022 B000006 34-1152832
022 C000006 48163
022 D000006 0
022 A000007 LEHMAN BROTHERS
022 B000007 13-2518466
022 C000007 42984
022 D000007 0
022 A000008 MERRILL LYNCH
022 B000008 13-5674085
022 C000008 38478
022 D000008 2978
022 A000009 CITICORP
022 B000009 13-5266470
022 C000009 16044
022 D000009 0
022 A000010 SALOMON BROTHERS
022 B000010 13-3082694
022 C000010 11277
022 D000010 1921
023 C000000 793224
023 D000000 37249
024 000000 Y
025 A000001 J.P. MORGAN
025 B000001 13-3224016
025 C000001 D
<PAGE> PAGE 3
025 D000001 2759
025 A000002 A G EDWARDS
025 B000002 43-0875447
025 C000002 E
025 D000002 618
025 A000003 SALOMON
025 B000003 13-3082694
025 C000003 D
025 D000003 581
025 A000004 BANKERS TRUST
025 B000004 13-4941247
025 C000004 D
025 D000004 135
025 A000005 CITICORP
025 B000005 13-3187336
025 C000005 D
025 D000005 109
025 A000006 BEAR STEARNS
025 B000006 13-3299429
025 C000006 D
025 D000006 401
025 A000007 MERRILL LYNCH
025 B000007 13-5674085
025 C000007 D
025 D000007 410
025 A000008 SHEARSON LEHMAN
025 B000008 13-2985263
025 C000008 D
025 D000008 1693
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
028 A010000 7025
028 A020000 -14
028 A030000 0
028 A040000 4170
028 B010000 8487
028 B020000 0
028 B030000 0
028 B040000 2853
028 C010000 8378
028 C020000 2162
028 C030000 0
028 C040000 3087
<PAGE> PAGE 4
028 D010000 8233
028 D020000 -14
028 D030000 0
028 D040000 2881
028 E010000 12634
028 E020000 0
028 E030000 0
028 E040000 3235
028 F010000 8916
028 F020000 2581
028 F030000 0
028 F040000 3384
028 G010000 53673
028 G020000 4715
028 G030000 0
028 G040000 19610
028 H000000 0
049 000000 N
050 000000 N
051 000000 N
052 000000 Y
053 A000000 Y
053 B000000 Y
053 C000000 N
054 A000000 Y
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 2500
062 A000000 N
062 B000000 0.0
062 C000000 0.0
<PAGE> PAGE 5
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
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
<PAGE> PAGE 6
071 A000000 94968
071 B000000 24780
071 C000000 279370
071 D000000 9
072 A000000 12
072 B000000 8857
072 C000000 4081
072 D000000 0
072 E000000 0
072 F000000 1169
072 G000000 0
072 H000000 0
072 I000000 1377
072 J000000 108
072 K000000 25
072 L000000 32
072 M000000 14
072 N000000 40
072 O000000 0
072 P000000 0
072 Q000000 96
072 R000000 17
072 S000000 4
072 T000000 0
072 U000000 10
072 V000000 0
072 W000000 13
072 X000000 2905
072 Y000000 0
072 Z000000 10033
072AA000000 1115
072BB000000 0
072CC010000 25288
072CC020000 0
072DD010000 9294
072DD020000 0
072EE000000 3340
073 A010000 0.3700
073 A020000 0.0000
073 B000000 0.1300
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 14365
074 D000000 126634
074 E000000 381
074 F000000 202569
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 1
<PAGE> PAGE 7
074 K000000 0
074 L000000 2904
074 M000000 39
074 N000000 346893
074 O000000 4408
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 1685
074 S000000 0
074 T000000 340800
074 U010000 28362
074 U020000 0
074 V010000 12.02
074 V020000 0.00
074 W000000 0.0000
074 X000000 15000
074 Y000000 0
075 A000000 0
075 B000000 290611
076 000000 0.00
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 A000000 ICI MUTUAL INSURANCE COMPANY
080 C000000 50000000
081 A000000 Y
081 B000000 56
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
<PAGE> PAGE 8
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE JAMES S. RIEPE
TITLE VICE PRESIDENT
