NEW USA MUTUAL FUNDS INC
NSAR-A, 1996-09-20
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<PAGE>      PAGE  1
000 A000000 07/31/96
000 C000000 0000882417
000 D000000 N
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000 F000000 Y
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000 J000000 A
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 NEW USA GROWTH FUND
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008 A00AA01 NEW USA RESEARCH & MANAGEMENT CO.
008 B00AA01 A
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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
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012 A00AA01 STATE STREET BANK AND TRUST CO.
<PAGE>      PAGE  2
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020 A000003 JONES & ASSOCIATES, INC.
020 B000003 95-2622900
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020 A000004 JEFFERIES & COMPANY, INC.
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SIGNATURE   CATHY WHITE                                  
TITLE       SR VICE PRESIDENT   
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000882417
<NAME> THE NEW USA MUTUAL FUND
       
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</TABLE>


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