STRATTON FUNDS INC
NSAR-B, 1996-05-22
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<PAGE>      PAGE  1
000 B000000 03/31/96
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
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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
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008 A00AA01 STRATTON MANAGEMENT COMPANY
008 B00AA01 A
008 C00AA01 801-8681
008 D01AA01 PLYMOUTH MEETING
008 D02AA01 PA
008 D03AA01 19462
008 D04AA01 1050
015 A00AA01 THE BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10286
015 E01AA01 X
020 A000001 INTERSTATE JOHNSON LANE CORP.
020 B000001 56-0276690
020 C000001      9
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020 A000002 WILLIAM O'NEIL & CO., INC.
020 B000002 95-2269163
020 C000002      3
020 A000003 DEAN WITTER REYNOLDS, INC.
020 B000003 94-1671384
020 C000003      2
020 A000004 ALEX BROWN & SONS, INC.
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020 A000005 OFFUT SECURITIES, INC.
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020 A000006 PAINE WEBBER, INC.
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020 A000007 LEGG MASON WOOD WALKER, INC.
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022 A000003 GENERAL MOTORS ACCEPTANCE CORP.
022 B000003 38-0572512
022 C000003     12135
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022 A000004 ASSOCAITES CORP OF AMERICA
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022 A000005 HERZOG HEINE GEDULD, INC.
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022 A000006 AMERICA EXPRESS SERVICE CORP.
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022 A000007 OFFUTT SECURITIES
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022 B000007 52-1508686
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022 A000008 MCCONNELL, BUDD & DOWNES, INC.
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022 A000009 CHEVRON OIL FINANCE CO.
022 B000009 25-1215010
022 C000009       600
022 D000009         0
022 A000010 CIT GROUP/CAPITAL INVESTMENTS, INC.
022 B000010 13-0592990
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SIGNATURE   WILLIAM J BALTRUS                            
TITLE       COMPLIANCE ADMIN.   
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000896165
<NAME> STRATTON FUNDS INC.
<SERIES>
   <NUMBER> 1
   <NAME> STRATTON SMALL-CAP YIELD FUND
<MULTIPLIER> 1
<CURRENCY> US
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1996
<EXCHANGE-RATE>                                      1
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<INVESTMENTS-AT-VALUE>                        19507505
<RECEIVABLES>                                    62371
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<OTHER-ITEMS-ASSETS>                                 0
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<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         4226
<TOTAL-LIABILITIES>                              37976
<SENIOR-EQUITY>                                      0
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</TABLE>


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