OLD WESTBURY FUNDS INC
NSAR-A, 1997-06-30
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<PAGE>      PAGE  1
000 A000000 04/30/97
000 C000000 0000909994
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 OLD WESTBURY FUNDS, INC.
001 B000000 811-7912
001 C000000 4122888160
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 OLD WESTBURY INTERNATIONAL FUND
007 C030100 N
007 C010200  2
007 C020200 OLD WESTBURY GROWTH OPPORTUNITY FUND
007 C030200 N
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 BESSEMER TRUST COMPANY, N.A.
008 B00AA01 A
008 C00AA01 801-0000
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10111
010 A00AA01  FEDERATED ADMINISTRATIVE SERVICES
010 C01AA01 PITTSBURGH
010 C02AA01 PA
010 C03AA01 15222
010 C04AA01 3779
011 A00AA01 EDGEWOOD SERVICES, INC.
011 B00AA01 8-46985
011 C01AA01 PITTSBURGH
<PAGE>      PAGE  2
011 C02AA01 PA
011 C03AA01 15222
011 C04AA01 3779
012 A00AA01 FUNDAMENTAL SHAREHOLDER SERVICES, INC.
012 B00AA01 84-0000
012 C01AA01 NEW YORK
012 C02AA01 NY
012 C03AA01 10006
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10281
015 A00AA01 BESSEMER TRUST COMPANY
015 B00AA01 C
015 C01AA01 WOODBRIDGE
015 C02AA01 NJ
015 C03AA01 07095
015 C04AA01 1191
015 E01AA01 X
015 A00AA02 THE BANK OF NEW YORK
015 B00AA02 S
015 C01AA02 B-1040 BRUSSELS
015 D01AA02 BELGIUM
015 E04AA02 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 KLEINWORT BENSON - ASIA
020 C000001     17
020 A000002 KLEINWORT BENSON - LONDON
020 C000002     11
020 A000003 BNP PRIMEEAST SECURITIES LTD.
020 C000003      9
020 A000004 WARBURG SOFT ASIA
020 C000004      8
020 A000005 MERRILL LYNCH/JAPAN
020 C000005      8
020 A000006 ING BARING (USA) SECURITIES, INC.
020 C000006      7
020 A000007 WESSELS, ARNOLD & HENDERSON
020 C000007      6
020 A000008 FLEMING MARTIN (LONDON)
020 C000008      6
020 A000009 ORD MINNETT LTD., AUSTRALIA
020 C000009      6
020 A000010 MERRILL LYNCH (LONDON)
020 C000010      5
021  000000      174
022 A000001 BANK OF NEW YORK
022 C000001     15230
022 D000001     15126
<PAGE>      PAGE  3
022 A000002 HERZOG, HEINE & GEDULD
022 C000002       553
022 D000002         0
022 A000003 UBS - INDIA
022 C000003       203
022 D000003        41
022 A000004 ROBERTSON, STEPHENS AND COMPANY
022 C000004        79
022 D000004         0
022 A000005 MORGAN STANLEY & CO., INC.
022 C000005        27
022 D000005        49
022 A000006 SMITH BARNEY SHEARSON
022 C000006        28
022 D000006        44
022 A000007 PAINEWEBBER, INC.
022 C000007        44
022 D000007        16
022 A000008 J.P. MORGAN SECURITIES, INC.
022 C000008        30
022 D000008         0
022 A000009 SALOMON BROTHERS, INC.
022 C000009        13
022 D000009         0
022 A000010 ROBINSON-HUMPHREY COMPANY, INC.
022 C000010         0
022 D000010        11
023 C000000      16207
023 D000000      15286
024  00AA00 N
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026 G020000 N
026 H000000 Y
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054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
<PAGE>      PAGE  4
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
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031 A000100      0
031 B000100      0
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033  000100      0
<PAGE>      PAGE  5
034  000100 N
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
070 F020100 N
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070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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030 A000200      0
030 B000200  4.50
030 C000200  0.00
031 A000200      0
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032  000200      0
033  000200      0
034  000200 N
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037  000200 N
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039  000200 N
040  000200 Y
041  000200 Y
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042 C000200 100
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042 F000200   0
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042 H000200   0
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<PAGE>      PAGE  10
044  000200      0
045  000200 Y
046  000200 N
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048 B010200   100000
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048 I010200        0
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049  000200 N
050  000200 N
051  000200 N
052  000200 N
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053 C000200 N
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055 B000200 N
056  000200 Y
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<PAGE>      PAGE  11
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066 E000200 N
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070 B010200 Y
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070 D010200 Y
070 D020200 N
070 E010200 Y
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070 F020200 N
070 G010200 Y
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070 H010200 Y
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070 I010200 N
070 I020200 N
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070 K010200 Y
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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SIGNATURE   S. ELLIOTT COHAN                             
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   01                                             
     <NAME>                     Old Westbury Funds, Inc.                       
                                Old Westbury International Fund                
                                                                               
<PERIOD-TYPE>                   6-Mos                                          
<FISCAL-YEAR-END>               Oct-31-1997                                    
<PERIOD-END>                    Apr-30-1997                                    
<INVESTMENTS-AT-COST>           139,612,969                                    
<INVESTMENTS-AT-VALUE>          164,201,370                                    
<RECEIVABLES>                   1,788,848                                      
<ASSETS-OTHER>                  9,082,013                                      
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  175,072,231                                    
<PAYABLE-FOR-SECURITIES>        4,054,217                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       708,883                                        
<TOTAL-LIABILITIES>             4,763,100                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        149,413,293                                    
<SHARES-COMMON-STOCK>           14,063,421                                     
<SHARES-COMMON-PRIOR>           12,165,931                                     
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          213,937                                        
<ACCUMULATED-NET-GAINS>         (3,461,299)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        24,571,074                                     
<NET-ASSETS>                    170,309,131                                    
<DIVIDEND-INCOME>               1,338,815                                      
<INTEREST-INCOME>               178,958                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,156,106                                      
<NET-INVESTMENT-INCOME>         361,667                                        
<REALIZED-GAINS-CURRENT>        5,345,307                                      
<APPREC-INCREASE-CURRENT>       7,868,486                                      
<NET-CHANGE-FROM-OPS>           13,575,460                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       1,851,779                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         2,027,263                                      
<NUMBER-OF-SHARES-REDEEMED>     244,727                                        
<SHARES-REINVESTED>             114,953                                        
<NET-CHANGE-IN-ASSETS>          34,514,679                                     
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       (7,442,479)                                    
<OVERDISTRIB-NII-PRIOR>         83,507                                         
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           612,524                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,165,792                                      
<AVERAGE-NET-ASSETS>            155,425,853                                    
<PER-SHARE-NAV-BEGIN>           11.160                                         
<PER-SHARE-NII>                 0.030                                          
<PER-SHARE-GAIN-APPREC>         1.070                                          
<PER-SHARE-DIVIDEND>            0.150                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             12.110                                         
<EXPENSE-RATIO>                 1.51                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   02                                             
     <NAME>                     Old Westbury Funds, Inc.                       
                                Old Westbury Growth Opportunity Fund           
                                                                               
<PERIOD-TYPE>                   2-Mos                                          
<FISCAL-YEAR-END>               Oct-31-1997                                    
<PERIOD-END>                    Apr-30-1997                                    
<INVESTMENTS-AT-COST>           2,995,076                                      
<INVESTMENTS-AT-VALUE>          2,983,746                                      
<RECEIVABLES>                   2,306                                          
<ASSETS-OTHER>                  38,005                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  3,024,057                                      
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       41,854                                         
<TOTAL-LIABILITIES>             41,854                                         
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        3,040,162                                      
<SHARES-COMMON-STOCK>           313,096                                        
<SHARES-COMMON-PRIOR>           0                                              
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (45,019)                                       
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        (11,330)                                       
<NET-ASSETS>                    2,982,203                                      
<DIVIDEND-INCOME>               1,134                                          
<INTEREST-INCOME>               1,611                                          
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  4,355                                          
<NET-INVESTMENT-INCOME>         (1,610)                                        
<REALIZED-GAINS-CURRENT>        (45,019)                                       
<APPREC-INCREASE-CURRENT>       (11,330)                                       
<NET-CHANGE-FROM-OPS>           (57,959)                                       
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       0                                              
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         313,096                                        
<NUMBER-OF-SHARES-REDEEMED>     0                                              
<SHARES-REINVESTED>             0                                              
<NET-CHANGE-IN-ASSETS>          2,982,203                                      
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,421                                          
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 44,092                                         
<AVERAGE-NET-ASSETS>            1,733,509                                      
<PER-SHARE-NAV-BEGIN>           10.000                                         
<PER-SHARE-NII>                 (0.010)                                        
<PER-SHARE-GAIN-APPREC>         (0.470)                                        
<PER-SHARE-DIVIDEND>            0.000                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             9.520                                          
<EXPENSE-RATIO>                 1.44                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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