<PAGE> PAGE 1
000 B000000 03/31/95
000 C000000 0000896165
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 THE STRATTON FUNDS, INC.
001 B000000 811-7434
001 C000000 6109410255
002 A000000 610 W. GERMANTOWN PIKE, SUITE 300
002 B000000 PLYMOUTH MEETING
002 C000000 PA
002 D010000 19462
002 D020000 1050
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 STRATTON SMALL-CAP YIELD FUND
007 C030100 N
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
015 A00AA01 THE BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10286
015 E01AA01 X
015 A00AA02 NATIONAL WESTMINSTER BANK NJ
015 B00AA02 C
015 C01AA02 JERSEY CITY
015 C02AA02 NJ
015 C03AA02 07302
015 E01AA02 X
020 A000001 INTERSTATE JOHNSON & LANE CORP.
020 B000001 56-0276690
020 C000001 14
020 A000002 SHEARSON LEHMAN BROTHERS SECURITIES, INC.
<PAGE> PAGE 2
020 B000002 13-2518466
020 C000002 3
020 A000003 WILLIAM O'NEILL & CO, INC.
020 B000003 95-2269163
020 C000003 2
020 A000004 MCCONNELL, BUDD & DOWNES, INC.
020 B000004 22-3075809
020 C000004 2
020 A000005 DEANE WITTER REYNOLDS, INC.
020 B000005 94-1671384
020 C000005 2
020 A000006 ALEX BROWN & SONS, INC.
020 B000006 52-1319768
020 C000006 1
020 A000007 OFFUT SECURITIES
020 B000007 52-1508686
020 C000007 1
020 A000008 NAT/WEST SECURITIES CORP.
020 B000008 12-3312778
020 C000008 1
020 A000009 C.L. KING & ASSOCIATES
020 B000009 13-2700327
020 C000009 1
020 A000010 FIRST BOSTON CORP
020 B000010 13-5659485
020 C000010 1
021 000000 28
022 A000001 GENERAL MOTORS ACCEPTANCE CORP.
022 B000001 38-0572512
022 C000001 7260
022 D000001 420
022 A000002 SEARS ROEBUCK ACCEPTANCE CORP.
022 B000002 71-0211822
022 C000002 4541
022 D000002 0
022 A000003 FORD MOTORS CREDIT CORP.
022 B000003 38-1612444
022 C000003 4340
022 D000003 0
022 A000004 AMERICAN EXPRESS CREDIT CORP.
022 B000004 13-2985263
022 C000004 4330
022 D000004 0
022 A000005 GENRAL ELECTRIC CREDIT CORP.
022 B000005 13-1500700
022 C000005 3041
022 D000005 0
022 A000006 THE BANK OF NEW YORK
022 B000006 13-4941102
022 C000006 1998
022 D000006 0
<PAGE> PAGE 3
022 A000007 HERZOG, HEINE, GEDULD, INC.
022 B000007 13-1955436
022 C000007 790
022 D000007 354
022 A000008 PRUDENTIAL FUNDING
022 B000008 22-2347336
022 C000008 970
022 D000008 0
022 A000009 CHEVRON OIL FINANCE CO.
022 B000009 25-1215010
022 C000009 900
022 D000009 0
022 A000010 ASSOCIATES CORP OF AMERICA
022 B000010 74-1494554
022 C000010 818
022 D000010 0
023 C000000 32421
023 D000000 1512
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
028 A01AA00 100
028 A02AA00 0
028 A03AA00 0
028 A04AA00 68
028 B01AA00 1043
028 B02AA00 0
028 B03AA00 0
028 B04AA00 102
028 C01AA00 4119
028 C02AA00 35
028 C03AA00 0
028 C04AA00 71
028 D01AA00 126
028 D02AA00 0
028 D03AA00 0
028 D04AA00 60
028 E01AA00 35
028 E02AA00 0
028 E03AA00 0
028 E04AA00 63
028 F01AA00 129
028 F02AA00 81
028 F03AA00 0
028 F04AA00 158
<PAGE> PAGE 4
028 G01AA00 5552
028 G02AA00 116
028 G03AA00 0
028 G04AA00 522
028 H00AA00 0
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
071 A00AA00 8494
071 B00AA00 2849
071 C00AA00 9434
071 D00AA00 30
072 A00AA00 12
072 B00AA00 46
072 C00AA00 409
072 D00AA00 0
072 E00AA00 0
072 F00AA00 76
072 G00AA00 10
072 H00AA00 0
072 I00AA00 28
072 J00AA00 13
072 K00AA00 0
072 L00AA00 14
072 M00AA00 3
072 N00AA00 37
072 O00AA00 2
072 P00AA00 0
072 Q00AA00 20
072 R00AA00 9
072 S00AA00 2
072 T00AA00 0
072 U00AA00 0
072 V00AA00 0
072 W00AA00 1
072 X00AA00 215
<PAGE> PAGE 5
072 Y00AA00 0
072 Z00AA00 240
072AA00AA00 0
072BB00AA00 401
072CC01AA00 637
072CC02AA00 0
072DD01AA00 243
072DD02AA00 0
072EE00AA00 0
073 A01AA00 0.5900
073 A02AA00 0.0000
073 B00AA00 0.0000
073 C00AA00 0.0000
074 A00AA00 52
074 B00AA00 0
074 C00AA00 550
074 D00AA00 0
074 E00AA00 0
074 F00AA00 13417
074 G00AA00 0
074 H00AA00 0
074 I00AA00 0
074 J00AA00 0
074 K00AA00 0
074 L00AA00 42
074 M00AA00 2
074 N00AA00 14063
074 O00AA00 0
074 P00AA00 0
074 Q00AA00 0
074 R01AA00 0
074 R02AA00 0
074 R03AA00 0
074 R04AA00 5
074 S00AA00 0
074 T00AA00 14058
074 U01AA00 543
074 U02AA00 0
074 V01AA00 25.88
074 V02AA00 0.00
074 W00AA00 0.0000
074 X00AA00 1023
074 Y00AA00 0
075 A00AA00 0
075 B00AA00 10402
076 00AA00 0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
<PAGE> PAGE 6
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 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 RELIANCE INSURANCE COMPANY
080 C00AA00 1050
081 A00AA00 Y
081 B00AA00 2
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 N
085 B00AA00 N
SIGNATURE WILLIAM J BALTRUS
TITLE COMPLIANCE ADMIN.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000896165
<NAME> THE STATTON FUNDS, INC.
<SERIES>
<NUMBER> 1
<NAME> STRATTON SMALL-CAP YIELD FUND
<MULTIPLIER> 1
<CURRENCY> US
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-1995
<PERIOD-START> APR-01-1994
<PERIOD-END> MAR-31-1995
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 13169138
<INVESTMENTS-AT-VALUE> 13966838
<RECEIVABLES> 44012
<ASSETS-OTHER> 51772
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 14062622
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4456
<TOTAL-LIABILITIES> 4456
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13727268
<SHARES-COMMON-STOCK> 543209
<SHARES-COMMON-PRIOR> 318326
<ACCUMULATED-NII-CURRENT> 4638
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (471440)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 797700
<NET-ASSETS> 14058166
<DIVIDEND-INCOME> 409159
<INTEREST-INCOME> 45572
<OTHER-INCOME> 0
<EXPENSES-NET> 214922
<NET-INVESTMENT-INCOME> 239809
<REALIZED-GAINS-CURRENT> (401356)
<APPREC-INCREASE-CURRENT> 637467
<NET-CHANGE-FROM-OPS> 475920
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 243457
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 250270
<NUMBER-OF-SHARES-REDEEMED> 31707
<SHARES-REINVESTED> 6320
<NET-CHANGE-IN-ASSETS> 5801502
<ACCUMULATED-NII-PRIOR> 8286
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 76075
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 214922
<AVERAGE-NET-ASSETS> 10402243
<PER-SHARE-NAV-BEGIN> 25.95
<PER-SHARE-NII> .57
<PER-SHARE-GAIN-APPREC> (.04)
<PER-SHARE-DIVIDEND> .59
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 25.88
<EXPENSE-RATIO> 2.12
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
