NEW USA MUTUAL FUNDS INC
NSAR-B, 1996-03-25
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<PAGE>      PAGE  1
000 B000000 01/31/96
000 C000000 0000882417
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001 A000000 NEW USA MUTUAL FUNDS, INC.
001 B000000 811-6519
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002 A000000 1776 HERITAGE DRIVE
002 B000000 NORTH QUINCY
002 C000000 MA
002 D010000 02171
003  000000 N
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007 C020100 THE NEW USA MUTUAL FUND
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008 B00AA01 A
008 C00AA01 801-40640
008 D01AA01 LOS ANGELES
008 D02AA01 CA
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010 A00AA01 STATE STREET BANK AND TRUST CO.
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010 C02AA01 MA
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011 A00AA01 WILLIAM O'NEIL + CO. INCORPORATED
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011 C01AA01 LOS ANGELES
011 C02AA01 CA
011 C03AA01 90066
012 A00AA01 STATE STREET BANK AND TRUST CO.
<PAGE>      PAGE  2
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012 C01AA01 NORTH QUINCY
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020 A000002 O'NEIL (WILLIAM) & CO. INCORPORATED
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020 A000003 JEFFERIES & COMPANY, INC.
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020 C000003    170
020 A000004 JONES & ASSOCIATES, INC.
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020 C000004    146
020 A000005 ROCHDALE SECURITIES CORP.
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020 C000005     51
020 A000006 GRUNTAL & CO., INC.
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020 C000006     13
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<PAGE>      PAGE  3
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022 C000004     26049
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022 A000005 HAMBRECHT & QUIST LLC
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022 A000008 OPPENHEIMER & CO., INC.
022 B000008 13-2798343
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022 A000009 DEAN WITTER REYNOLDS INC.
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<PAGE>      PAGE  10
SIGNATURE   CATHY WHITE                                  
TITLE       SR VICE PRESIDENT   
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000882417
<NAME> NEW USA MUTUAL FUNDS INC.
<SERIES>
   <NUMBER> 1
   <NAME> NEW USA MUTUAL FUNDS INC.
       
<S>                             <C>
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