ACCESSOR FUNDS INC
NSAR-B, 1997-02-27
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<PAGE>      PAGE  1
000 B000000 12/31/96
000 C000000 0000876603
000 D000000 N
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001 A000000 ACCESSOR FUNDS, INC.
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002 B000000 SEATTLE
002 C000000 WA
002 D010000 98101
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  8
007 C010100  1
007 C020100 GROWTH PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 VALUE & INCOME PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 SMALL TO MID CAP PORTFOLIO
007 C030300 N
007 C010400  4
007 C020400 INTERNATIONAL EQUITY PORTFOLIO
007 C030400 N
007 C010500  5
007 C020500 INTERMEDIATE FIXED-INCOME PORTFOLIO
007 C030500 N
007 C010600  6
007 C020600 SHORT-INTERMEDIATE FIXED-INCOME PORTFOLIO
007 C030600 N
007 C010700  7
007 C020700 MORTGAGE SECURITIES PORTFOLIO
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<PAGE>      PAGE  2
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013 B04AA01 1788
014 A00AA01 ZIONS INVESTMENT SECURITIES, INC.
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014 A00AA03 NICHOLAS APPLEGATE SECURITIES
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014 A00AA05 STATE STREET BROKERAGE SERVICES
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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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066 D000100 Y
066 E000100 N
066 F000100 N
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067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
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070 E020100 N
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070 F020100 N
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070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
<PAGE>      PAGE  9
070 K020100 Y
070 L010100 Y
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070 M010100 N
070 M020100 N
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070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
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<PAGE>      PAGE  10
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008 B000201 A
008 C000201 801-39393
008 D010201 SEATTLE
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008 D030201 98101
008 A000202 MARTINGALE ASSET MANAGEMENT, L.P.
008 B000202 S
008 C000202 801-30067
008 D010202 BOSTON
008 D020202 MA
008 D030202 02108
024  000200 Y
<PAGE>      PAGE  11
025 A000201 MERRILL LYNCH & COMPANY, INC.
025 B000201 13-5674085
025 C000201 E
025 D000201     611
025 A000202 SALOMON, INC.
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<PAGE>      PAGE  12
048 C010200        0
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<PAGE>      PAGE  13
068 B000200 N
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070 J010200 Y
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
055 B000300 N
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
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<PAGE>      PAGE  28
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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<PAGE>      PAGE  31
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<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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<PAGE>      PAGE  37
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008 D030801 98101
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025 D000801       0
025 D000802       0
025 D000803       0
025 D000804       0
025 D000805       0
025 D000806       0
025 D000807       0
025 D000808       0
028 A010800     39629
028 A020800        31
028 A030800         0
028 A040800      3577
028 B010800      6701
028 B020800         5
028 B030800         0
028 B040800      6602
028 C010800      8197
028 C020800         5
028 C030800         0
028 C040800      8262
028 D010800     14810
028 D020800         4
028 D030800         0
028 D040800     14494
028 E010800      4927
028 E020800         4
028 E030800         0
028 E040800      8843
028 F010800     13550
028 F020800         8
028 F030800         0
028 F040800     15731
028 G010800     87814
028 G020800        57
028 G030800         0
028 G040800     57509
028 H000800         0
045  000800 Y
046  000800 Y
<PAGE>      PAGE  38
047  000800 Y
048  000800  0.250
048 A010800        0
048 A020800 0.000
048 B010800        0
048 B020800 0.000
048 C010800        0
048 C020800 0.000
048 D010800        0
048 D020800 0.000
048 E010800        0
048 E020800 0.000
048 F010800        0
048 F020800 0.000
048 G010800        0
048 G020800 0.000
048 H010800        0
048 H020800 0.000
048 I010800        0
048 I020800 0.000
048 J010800        0
048 J020800 0.000
048 K010800        0
048 K020800 0.000
055 A000800 N
055 B000800 N
056  000800 N
057  000800 N
062 A000800 Y
062 B000800  25.8
062 C000800  61.2
062 D000800  13.0
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
063 A000800  71
063 B000800  0.0
064 A000800 N
064 B000800 N
066 A000800 N
<PAGE>      PAGE  39
067  000800 N
068 A000800 N
068 B000800 N
069  000800 N
070 A010800 Y
070 A020800 Y
070 B010800 N
070 B020800 N
070 C010800 N
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 N
070 J020800 N
070 K010800 N
070 K020800 N
070 L010800 N
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800         0
071 B000800         0
071 C000800         0
071 D000800    0
072 A000800 12
072 B000800     2606
072 C000800        0
072 D000800        0
072 E000800        0
072 F000800      122
072 G000800       41
<PAGE>      PAGE  40
072 H000800        0
072 I000800       60
072 J000800        7
072 K000800        0
072 L000800        0
072 M000800        1
072 N000800       10
072 O000800        0
072 P000800        0
072 Q000800        0
072 R000800       11
072 S000800       17
072 T000800        0
072 U000800       14
072 V000800        0
072 W000800        8
072 X000800      290
072 Y000800        0
072 Z000800     2316
072AA000800        3
072BB000800        2
072CC010800        0
072CC020800        0
072DD010800     2316
072DD020800        0
072EE000800        1
073 A010800   0.0500
073 A020800   0.0000
073 B000800   0.0000
073 C000800   0.0000
074 A000800        0
074 B000800     7964
074 C000800    53364
074 D000800        0
074 E000800        0
074 F000800        0
074 G000800        0
074 H000800        0
074 I000800        0
074 J000800        0
074 K000800        0
074 L000800      401
074 M000800        4
074 N000800    61733
074 O000800        0
074 P000800       13
074 Q000800        0
074 R010800        0
074 R020800        0
074 R030800        0
074 R040800       48
<PAGE>      PAGE  41
074 S000800        0
074 T000800    61672
074 U010800    61672
074 U020800        0
074 V010800     1.00
074 V020800     0.00
074 W000800   1.0000
074 X000800       96
074 Y000800        0
075 A000800    48977
075 B000800        0
076  000800     0.00
SIGNATURE   JAMES FREISEN                                
TITLE       ASST VICE PRESIDENT 
 


<TABLE> <S> <C>

<ARTICLE> 6
<RESTATED> 
<CIK> 0000876603
<NAME> ACCESSOR FUNDS, INC.
<SERIES>
   <NUMBER> 1
   <NAME> GROWTH PORTFOLIO
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<RESTATED> 
<CIK> 0000876603
<NAME> ACCESSOR FUNDS, INC.
<SERIES>
   <NUMBER> 5
   <NAME> INTERMEDIATE FIXED-INCOME PORTFOLIO
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<RESTATED> 
<CIK> 0000876603
<NAME> ACCESSOR FUNDS, INC.
<SERIES>
   <NUMBER> 4
   <NAME> INTERNATIONAL EQUITY PORTFOLIO
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<RESTATED> 
<CIK> 0000876603
<NAME> ACCESSOR FUNDS, INC.
<SERIES>
   <NUMBER> 7
   <NAME> MORTGAGE SECURITIES PORTFOLIO
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<RESTATED> 
<CIK> 0000876603
<NAME> ACCESSOR FUNDS, INC.
<SERIES>
   <NUMBER> 6
   <NAME> SHORT-INTERMEDIATE FIXED-INCOME PORTFOLIO
       
<S>                             <C>
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<ACCUM-APPREC-OR-DEPREC>                      (22,917)
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<DIVIDEND-INCOME>                                    0
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<NUMBER-OF-SHARES-SOLD>                        368,860
<NUMBER-OF-SHARES-REDEEMED>                    230,208
<SHARES-REINVESTED>                             16,714
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<RESTATED> 
<CIK> 0000876603
<NAME> ACCESSOR FUNDS, INC.
<SERIES>
   <NUMBER> 3
   <NAME> SMALL TO MIDCAP PORTFOLIO
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<RESTATED> 
<CIK> 0000876603
<NAME> ACCESSOR FUNDS, INC.
<SERIES>
   <NUMBER> 8
   <NAME> U.S. GOVERNMENT MONEY PORTFOLIO
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<RESTATED> 
<CIK> 0000876603
<NAME> ACCESSOR FUNDS, INC.
<SERIES>
   <NUMBER> 2
   <NAME> VALUE & INCOME PORTFOLIO
       
<S>                             <C>
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</TABLE>


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