DREYFUS ASSET ALLOCATION FUND INC
NSAR-A, 1998-12-29
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<PAGE>      PAGE  1
000 A000000 10/31/98
000 C000000 0000904818
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000 E000000 NF
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001 A000000 DREYFUS ASSET ALLOCATION FUND, INC.
001 B000000 811-7710
001 C000000 2129226764
002 A000000 200 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10166
003  000000 N
004  000000 N
005  000000 N
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007 A000000 N
007 B000000  0
015 A000001 MELLON BANK, N.A.
015 B000001 C
015 C010001 PITTSBURGH
015 C020001 PA
015 C030001 15258
015 E030001 X
018  000000 Y
019 A000000 Y
019 B000000  163
019 C000000 DREYFUSFAM
020 A000001 MERRILL LYNCH PIERCE, FENNER & SMITH INC.
020 B000001 13-5674085
020 C000001     18
020 A000002 SANFORD BERNSTEIN & CO., INC.
020 B000002 13-2625874
020 C000002     12
020 A000003 ANTHONY TUCKER INCORPORATED
020 B000003 04-2566229
020 C000003     11
020 A000004 AUTRANET, INC.
020 B000004 13-2961507
020 C000004     10
020 A000005 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000005 13-2741729
020 C000005      7
020 A000006 ALPHA MANAGEMENT INC.
020 B000006 94-3105302
020 C000006      7
020 A000007 FURMAN SELZ INCORPORATED
<PAGE>      PAGE  2
020 B000007 13-2753731
020 C000007      7
020 A000008 HOENIG & CO., INC.
020 B000008 13-2656060
020 C000008      6
020 A000009 J.P. MORGAN SECURITIES INC.
020 B000009 13-3224016
020 C000009      6
020 A000010 GOLDMAN, SACHS & CO.
020 B000010 13-5108880
020 C000010      6
021  000000      168
022 A000001 G.X. CLARKE & CO.
022 B000001 13-2969143
022 C000001    101111
022 D000001     82906
022 A000002 MERRILL LYNCH PIERCE, FENNER & SMITH INC.
022 B000002 13-5674085
022 C000002     29805
022 D000002     34864
022 A000003 GOLDMAN, SACHS & CO.
022 B000003 13-5108880
022 C000003      2924
022 D000003      3855
022 A000004 BEAR, STEARNS & CO. INC.
022 B000004 13-3299429
022 C000004      3360
022 D000004         0
022 A000005 PAINEWEBBER INCORPORATED
022 B000005 13-2638166
022 C000005         0
022 D000005      3344
022 A000006 FURMAN SELZ INCORPORATED
022 B000006 13-2753731
022 C000006       663
022 D000006      1442
022 A000007 DEUTSCHE BANK SECURITIES CORPORATION
022 B000007 13-2730828
022 C000007         0
022 D000007      1978
022 A000008 HAMBRECHT & QUIST INCORPORATED
022 B000008 94-2856935
022 C000008         0
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022 A000009 BT ALEX BROWN SECURITIES CORPORATION
022 B000009 13-3131014
022 C000009      1824
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022 A000010 MORGAN STANLEY DEAN WITTER INCORPORATED
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080 A000000 VIGILANT INSURANCE COMPANY
080 B000000 NATIONAL UNION FIRE INSURANCE COMPANY
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SIGNATURE   MICHAEL S. PETRUCELLI                        
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

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<CIK> 0000904818
<NAME> DREYFUS ASSET ALLOCATION FUND, INC
<MULTIPLIER> 1000
       
<S>                             <C>
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<PERIOD-END>                               OCT-31-1998
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</TABLE>


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