<PAGE> PAGE 1
000 B000000 12/31/96
000 C000000 0000878816
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 PAPP AMERICA-ABROAD FUND, INC.
001 B000000 811-06402
001 C000000 6029560980
002 A000000 4400 N. 32ND STREET, SUITE 280
002 B000000 PHOENIX
002 C000000 AZ
002 D010000 85018
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 L. ROY PAPP & ASSOCIATES
008 B000001 A
008 C000001 801-25594
008 D010001 PHOENIX
008 D020001 AZ
008 D030001 85018
012 A000001 L. ROY PAPP & ASSOCIATES
012 B000001 84-1810
012 C010001 PHOENIX
012 C020001 AZ
012 C030001 85018
013 A000001 ARTHUR ANDERSEN
013 B010001 PHOENIX
013 B020001 AZ
013 B030001 85004
015 A000001 FOUNDERS BANK OF ARIZONA
015 B000001 C
015 C010001 SCOTTSDALE
015 C020001 AZ
<PAGE> PAGE 2
015 C030001 85258
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 2
019 C000000 LROYPAPPAS
020 A000001 EXECUTION SERVICES INCORPORATED
020 B000001 13-2862329
020 C000001 3
020 A000002 CHARLES SCHWAB & CO., INC.
020 B000002 94-1737782
020 C000002 10
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 13
022 A000001 EXECUTION SERVICES INCORPORATED
022 B000001 13-2862329
022 C000001 1362
022 D000001 1438
022 A000002 CHARLES SCHWAB & CO., INC.
022 B000002 94-1737782
022 C000002 9019
022 D000002 1145
022 A000003 A.G. EDWARDS
022 B000003 43-0895447
022 C000003 428
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 10809
023 D000000 2583
024 000000 N
025 D000001 0
<PAGE> PAGE 3
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 613
028 A020000 0
028 A030000 43
028 A040000 0
028 B010000 625
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 622
028 C020000 0
028 C030000 3
028 C040000 0
028 D010000 1491
028 D020000 0
028 D030000 106
028 D040000 0
028 E010000 1933
028 E020000 0
028 E030000 16
028 E040000 0
028 F010000 1171
028 F020000 484
028 F030000 68
028 F040000 0
028 G010000 6455
028 G020000 484
028 G030000 236
028 G040000 0
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
<PAGE> PAGE 4
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 N
041 000000 N
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 1.000
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
<PAGE> PAGE 5
053 A000000 Y
053 B000000 Y
053 C000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
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 Y
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 5000
062 A000000 N
062 B000000 0.0
062 C000000 0.0
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
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 C000000 Y
067 000000 N
068 A000000 N
<PAGE> PAGE 6
068 B000000 N
069 000000 N
070 A010000 N
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 N
070 M020000 N
070 N010000 N
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
071 A000000 10809
071 B000000 2583
071 C000000 21259
071 D000000 12
072 A000000 12
072 B000000 10
072 C000000 264
072 D000000 0
072 E000000 0
072 F000000 211
072 G000000 0
072 H000000 0
072 I000000 4
<PAGE> PAGE 7
072 J000000 8
072 K000000 0
072 L000000 0
072 M000000 5
072 N000000 26
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 11
072 S000000 6
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 4
072 X000000 275
072 Y000000 11
072 Z000000 11
072AA000000 1034
072BB000000 0
072CC010000 4034
072CC020000 0
072DD010000 11
072DD020000 0
072EE000000 1034
073 A010000 0.0073
073 A020000 0.0000
073 B000000 0.8436
073 C000000 0.0000
074 A000000 404
074 B000000 0
074 C000000 0
074 D000000 0
074 E000000 0
074 F000000 29177
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 42
074 M000000 0
074 N000000 29623
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 0
074 S000000 0
074 T000000 29623
<PAGE> PAGE 8
074 U010000 1473
074 U020000 0
074 V010000 20.11
074 V020000 0.00
074 W000000 0.0000
074 X000000 522
074 Y000000 0
075 A000000 0
075 B000000 17923
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 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 NATIONAL UNION FIRE INSURANCE COMPANY OF PA
080 C000000 225
081 A000000 N
081 B000000 0
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 N
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
<PAGE> PAGE 9
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE ROBERT L. MUELLER
TITLE VICE PRESIDENT
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Board of Directors and Shareholders of the
Papp America-Abroad Fund, Inc.
In planning and performing our audit of the financial statements of Papp
America-Abroad Fund, Inc., for the year ended December 31, 1996, we considered
its internal control structure, including procedures for safeguarding
securities, in order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply with the
requirements of Form N-SAR, and not to provide assurance on the internal
control structure.
The management of the Papp America-Abroad Fund, Inc., is responsible for
establishing and maintaining an internal control structure. In fulfilling
this responsibility, estimates and judgments by management are required to
assess the expected benefits and related costs of internal control structure
policies and procedures. Two of the objectives of an internal control
structure are to provide management with reasonable, but not absolute,
assurance that assets are safeguarded against loss from unauthorized use
or disposition and transactions are executed in accordance with management's
authorization and recorded properly to permit preparation of financial
statements in conformity with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors
or irregularities may occur and not be detected. Also, projection of any
evaluation of the structure 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 structure would not necessarily
disclose all matters in the internal control structure 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 the specific internal control structure
elements does not reduce to a relatively low level the risk that errors or
irregularities 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
structure, including procedures for safeguarding securities, that we
consider to be material weaknesses as defined above as of December 31, 1996.
This report is intended solely for the information and use of management,
the Board of Directors, and the Securities and Exchange Commission. This
restriction is not intended to limit the distribution of this report, which
upon acceptance by the Securities and Exchange Commission is a matter of
public record.
Phoenix, Arizona
January 14, 1997
