<PAGE> PAGE 1
000 B000000 01/31/96
000 C000000 0000890540
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE ARBOR FUND
001 B000000 811-7102
001 C000000 8005456331
002 A000000 2 OLIVER STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 14
SIGNATURE DAVID LEE
TITLE PRESIDENT
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<NAME> ARBOR FUNDS
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<NAME> ARBOR FUND
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<NAME> PRIME OBLIGATIONS FUND
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