<PAGE> PAGE 1
000 A000000 06/30/95
000 C000000 0000898741
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 SCHOONER FUND
001 B000000 811-7570
001 C000000 3102473962
002 A000000 SUITE 800, 9601 WILSHIRE BOULEVARD
002 B000000 BEVERLY HILLS
002 C000000 CA
002 D010000 90210
002 D020000 5291
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
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
008 A000001 PACIFIC FINANCIAL RESEARCH, INC.
008 B000001 A
008 C000001 801-25375
008 D010001 BEVERLY HILLS
008 D020001 CA
008 D030001 90210
008 D040001 5291
012 A000001 NATIONAL FINANCIAL DATA SERVICES, INC.
012 B000001 84-01078
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64105
013 A000001 ERNST & YOUNG LLP
013 B010001 LOS ANGELES
013 B020001 CA
013 B030001 90071
015 A000001 STATE STREET BANK & TRUST COMPANY
015 B000001 C
<PAGE> PAGE 2
015 C010001 BOSTON
015 C020001 MA
015 C030001 02171
015 E010001 X
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 CS FIRST BOSTON CORPORATION
020 B000001 13-5659485
020 C000001 1
020 A000002 PRUDENTIAL SECURITIES INCORPORATED
020 B000002 22-2347336
020 C000002 1
020 A000003 MORGAN STANLEY & CO., INC.
020 B000003 13-2655998
020 C000003 1
020 A000004 PIPER JAFFRAY INC.
020 B000004 41-0953246
020 C000004 1
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 5
022 A000001 HERZOG, HEINE, GEDULD, INC.
022 B000001 13-1955436
022 C000001 105
022 D000001 96
022 A000002 DILLON, READ & CO., INC.
022 B000002 13-1939216
022 C000002 102
022 D000002 0
022 A000003 MORGAN, KEEGAN & CO., INC.
022 B000003 64-0474907
022 C000003 98
022 D000003 0
022 A000004 MESIROW CAPITAL INC.
022 C000004 95
022 D000004 0
022 A000005 PAINEWEBBER INCORPORATED
022 B000005 13-2638166
022 C000005 36
022 D000005 0
022 A000006 GOLDMAN, SACHS & CO.
022 B000006 13-5108880
022 C000006 0
022 D000006 203
022 A000007 MERRILL, LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000007 13-5674085
<PAGE> PAGE 3
022 C000007 0
022 D000007 99
022 A000008 ADAMS HARKNESSD & HILL, INC.
022 B000008 04-2149932
022 C000008 0
022 D000008 47
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 437
023 D000000 445
024 000000 Y
025 A000001 EATON VANCE CORPORATION
025 B000001 04-2676356
025 C000001 E
025 D000001 200
025 A000002 INTER-REGIONAL FINANCIAL GROUP, INC.
025 C000002 E
025 D000002 177
025 A000003 THE JOHN NUVEEN COMPANY
025 B000003 36-2639476
025 C000003 E
025 D000003 122
025 A000004 MORGAN KEEGAN, INC.
025 B000004 64-0474907
025 C000004 E
025 D000004 143
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 133
028 A020000 0
028 A030000 0
028 A040000 153
028 B010000 45
028 B020000 0
028 B030000 0
028 B040000 53
028 C010000 6
<PAGE> PAGE 4
028 C020000 0
028 C030000 0
028 C040000 11
028 D010000 113
028 D020000 0
028 D030000 0
028 D040000 103
028 E010000 31
028 E020000 0
028 E030000 0
028 E040000 61
028 F010000 164
028 F020000 0
028 F030000 0
028 F040000 52
028 G010000 492
028 G020000 0
028 G030000 0
028 G040000 433
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 N
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 1.000
048 A010000 0
048 A020000 0.000
<PAGE> PAGE 5
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 Y
053 C000000 N
054 A000000 Y
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 2000
<PAGE> PAGE 6
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 Y
066 C000000 N
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
<PAGE> PAGE 7
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 1801
071 B000000 1282
071 C000000 4647
071 D000000 47
072 A000000 6
072 B000000 17
072 C000000 28
072 D000000 0
072 E000000 0
072 F000000 24
072 G000000 0
072 H000000 0
072 I000000 28
072 J000000 7
072 K000000 0
072 L000000 1
072 M000000 12
072 N000000 13
072 O000000 1
072 P000000 0
072 Q000000 0
072 R000000 10
072 S000000 2
072 T000000 0
072 U000000 3
072 V000000 0
072 W000000 0
072 X000000 101
072 Y000000 64
072 Z000000 8
072AA000000 252
072BB000000 0
072CC010000 361
072CC020000 0
072DD010000 0
<PAGE> PAGE 8
072DD020000 0
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 549
074 B000000 0
074 C000000 0
074 D000000 641
074 E000000 0
074 F000000 4259
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 17
074 K000000 0
074 L000000 16
074 M000000 24
074 N000000 5506
074 O000000 105
074 P000000 4
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 30
074 S000000 0
074 T000000 5367
074 U010000 190
074 U020000 0
074 V010000 28.24
074 V020000 0.00
074 W000000 0.0000
074 X000000 155
074 Y000000 0
075 A000000 0
075 B000000 4958
076 000000 0.00
077 A000000 N
078 000000 N
SIGNATURE MICHAEL KROMM
TITLE SECRETARY/TREASURER
