STRATTON FUNDS INC
NSAR-A, 1999-08-26
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<PAGE>      PAGE  1
000 A000000 06/30/99
000 C000000 0000896165
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
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  2
007 C010100  1
007 C020100 STRATTON SMALL-CAP YIELD FUND
007 C030100 N
007 C010200  2
007 C020200 STRATTON SPECIAL VALUE FUND
007 C030200 Y
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
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
010 A00AA01 FIRST DATA INVESTOR SERVICES GROUP, INC.
010 B00AA01 84-1761
010 C01AA01 KING OF PRUSSIA
010 C02AA01 PA
010 C03AA01 19406
010 C04AA01 0903
011 A00AA01 FIRST DATA DISTRIBUTORS, INC.
<PAGE>      PAGE  2
011 B00AA01 8-45467
011 C01AA01 WESTBOROUGH
011 C02AA01 MA
011 C03AA01 01581
011 C04AA01 5120
012 A00AA01 FIRST DATA INVESTOR SERVICES GROUP, INC.
012 B00AA01 84-1761
012 C01AA01 KING OF PRUSSIA
012 C02AA01 PA
012 C03AA01 19406
012 C04AA01 0903
013 A00AA01 TAIT, WELLER & BAKER
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
013 B04AA01 2108
015 A00AA01 THE BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10286
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    3
019 C00AA00 STRATTNFDS
020 A000001 INTERSTATE/JOHNSON LANE CORPORATION
020 B000001 56-0276690
020 C000001     14
020 A000002 BRIDGE TRADING COMPANY
020 B000002 43-1450530
020 C000002      9
020 A000003 MORGAN STANLEY
020 B000003 13-2655998
020 C000003      3
020 A000004 ALEX BROWN & SONS, INC.
020 B000004 52-1319768
020 C000004      3
020 A000005 KING (C.L.) & ASSOCIATES
020 B000005 13-2700327
020 C000005      2
020 A000006 SMITH BARNEY, INC.
020 B000006 13-1912900
020 C000006      2
020 A000007 MERRILL LYNCH
020 B000007 13-5674085
020 C000007      1
020 A000008 PAINEWEBBER, INC. NYC
020 B000008 13-2638166
020 C000008      1
020 A000009 KEEFE BRUYETTE
<PAGE>      PAGE  3
020 B000009 13-1964616
020 C000009      1
020 A000010 FRANK RUSSEL SECURITIES, INC.
020 B000010 91-0604934
020 C000010      1
021  000000       38
022 A000001 THE BANK OF NEW YORK
022 B000001 13-5160382
022 C000001     66561
022 D000001         0
022 A000002 HERZOG HEINE GEDULD
022 B000002 13-1955436
022 C000002       450
022 D000002      1653
022 A000003 SPEAR, LEEDS & KELLOGG
022 B000003 13-5515160
022 C000003       672
022 D000003       941
022 A000004 KNIGHT SECURITIES
022 B000004 22-3660471
022 C000004       101
022 D000004      1109
022 A000005 KEEFE BRUYETTE
022 B000005 13-1964616
022 C000005       636
022 D000005       458
022 A000006 SANDLER
022 B000006 13-3481277
022 C000006         0
022 D000006       593
022 A000007 WERTHEIM SCHRODER SECURITIES
022 B000007 13-2697272
022 C000007       168
022 D000007       300
022 A000008 ALEX BROWN & SONS
022 B000008 52-1319768
022 C000008       342
022 D000008         0
022 A000009 MORGAN KEEGAN & CO
022 B000009 64-0474907
022 C000009         0
022 D000009       299
022 A000010 WILLIAM O'NEIL
022 B000010 95-2269163
022 C000010         0
022 D000010       277
023 C000000      69254
023 D000000       6216
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054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
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<PAGE>      PAGE  5
081 B00AA00   0
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<PAGE>      PAGE  6
039  000100 Y
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<PAGE>      PAGE  7
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066 A000100 Y
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066 D000100 N
066 E000100 Y
066 F000100 N
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067  000100 N
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069  000100 N
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070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 N
<PAGE>      PAGE  8
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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034  000200 N
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
070 H010200 Y
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<PAGE>      PAGE  13
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SIGNATURE   MICHELLE A. WHALEN
TITLE       SR. ADMINISTRATOR



<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000896165
<NAME> THE STRATTON FUNDS, INC.
<SERIES>
   <NUMBER> 1
   <NAME> STRATTON SMALL-CAP YIELD FUND
<MULTIPLIER> 1

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                         35583842
<INVESTMENTS-AT-VALUE>                        44390350
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<TOTAL-LIABILITIES>                             621045
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<SHARES-COMMON-STOCK>                          2077673
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<ACCUMULATED-NET-GAINS>                       (410543)
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<EQUALIZATION>                                       0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000896165
<NAME> THE STRATTON FUNDS, INC.
<SERIES>
   <NUMBER> 2
   <NAME> STRATTON SPECIAL VALUE FUND
<MULTIPLIER> 1

<S>                             <C>
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<PER-SHARE-NAV-BEGIN>                            14.60
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<PER-SHARE-GAIN-APPREC>                        (2.262)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.46
<EXPENSE-RATIO>                                   2.41


</TABLE>


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