<PAGE> PAGE 1
000 A000000 06/30/98
000 C000000 00000000
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 HUDSON INVESTORS FUND, INC.
001 B000000 811-7956
001 C000000 9734588000
002 A000000 790 BLOOMFILD AVENUE
002 B000000 CLIFTON
002 C000000 NJ
002 D010000 07012
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
020 A000001 JOSEPHTHAL LYON & ROSS
020 C000001 1
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 1
022 A000001 JOSEPHTHAL LYON & ROSS
022 C000001 61
022 D000001 55
022 C000002 0
022 D000002 0
022 C000003 0
022 D000003 0
<PAGE> PAGE 2
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 61
023 D000000 55
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
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
066 A000000 Y
066 D000000 Y
071 A000000 61
071 B000000 55
071 C000000 41
071 D000000 1
072 A000000 6
072 B000000 1
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 0
072 G000000 0
<PAGE> PAGE 3
072 H000000 0
072 I000000 0
072 J000000 1
072 K000000 0
072 L000000 0
072 M000000 0
072 N000000 2
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 2
072 S000000 33
072 T000000 0
072 U000000 12
072 V000000 0
072 W000000 4
072 X000000 54
072 Y000000 0
072 Z000000 -53
072AA000000 5
072BB000000 10
072CC010000 0
072CC020000 26
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 3
074 B000000 0
074 C000000 0
074 D000000 0
074 E000000 0
074 F000000 13
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 0
074 M000000 113
074 N000000 129
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 10
<PAGE> PAGE 4
074 S000000 0
074 T000000 119
074 U010000 24741
074 U020000 0
074 V010000 4.80
074 V020000 0.00
074 W000000 0.0000
074 X000000 118
074 Y000000 0
075 A000000 0
075 B000000 151
076 000000 0.00
077 A000000 Y
077 E000000 Y
083 B000000 0
084 B000000 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE JAVED LATEF
TITLE PRESIDENT
