<PAGE> PAGE 1
000 B000000 10/31/96
000 C000000 884381
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE GLENMEDE PORTFOLIOS
001 B000000 811-6578
001 C000000 4103856102
002 A000000 135 E. BALTIMORE STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003 000000 N
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007 C030100 N
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007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
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008 B00AA01 A
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008 D01AA01 PHILADELPHIA
008 D02AA01 PA
008 D03AA01 19103
008 D04AA01 6194
010 A00AA01 INVESTMENT COMPANY CAPITAL CORP.
010 C01AA01 BALTIMORE
010 C02AA01 MD
010 C03AA01 21202
011 A00AA01 ARMATA FINANCIAL CORP.
011 B00AA01 8-29659
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<PAGE> PAGE 2
011 C03AA01 21202
012 A00AA01 INVESTMENT COMPANY CAPITAL CORP.
012 B00AA01 84-5477
012 C01AA01 BALTIMORE
012 C02AA01 MD
012 C03AA01 21202
013 A00AA01 COOPERS & LYBRAND L.L.P.
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
015 A00AA01 THE CHASE MANHATTAN BANK, N.A.
015 B00AA01 C
015 C01AA01 BROOKLYN
015 C02AA01 NY
015 C03AA01 11245
015 E01AA01 X
018 00AA00 Y
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
054 E00AA00 N
054 F00AA00 N
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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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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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SIGNATURE JOSEPH A. FINELLI
TITLE TREASURER
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<CIK> 0000884381
<NAME> GLENMEDE NEW JERSEY MUNICIPAL PORTFOLIO
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<NAME> THE GLENMEDE PORTFOLIOS
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</TABLE>
Coopers & Lybrand L.L.P.
Coopers
& Lybrand
a professional services firm
REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Trustees and Shareholders of
The Glenmede Portfolios:
In planning and performing our audit of the financial
statements and financial highlights of the Muni Intermediate Portfolio and New
Jersey Muni Portfolio of the Glenmede Portfolios for the year ended October 31,
1996, we considered the internal control structure, including procedures for
safeguarding securities, in order to determine our auditing procedures for the
purpose of expressing an opinion on the financial statements and financial
highlights and to comply with the requirements of Form N-SAR, not to provide
assurance on the internal control structure.
The management of the Muni Intermediate Portfolio and New
Jersey Muni Portfolio of the Glenmede 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 that
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 and
financial highlights 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 October 31, 1996.
This report is intended solely for the information and use of
management and the Board of Trustees of the Muni Intermediate Portfolio and New
Jersey Muni Portfolio of the Glenmede Portfolios and the Securities and Exchange
Commission.
/s/ Coopers & Lybrand L.L.P.
COOPERS & LYBRAND L.L.P.
Philadelphia, Pennsylvania
December 17, 1996
