000 B000000 12/31/95
000 C000000 0000912896
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 DELAFIELD FUND, INC.
001 B000000 811-8054
001 C000000 2128305200
002 A000000 600 FIFTH AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10020
002 D020000 2302
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
008 A000001 REICH & TANG ASSET MANAGEMENT L.P.
008 B000001 A
008 C000001 801-47230
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10020
008 D040001 2302
011 A000001 REICH & TANG DISTRIBUTORS L.P.
011 B000001 8-43429
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10020
011 C040001 2302
012 A000001 INVESTORS FIDUCIARY TRUST COMPANY
012 B000001 84-0000000
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64105
013 A000001 MCGLADREY & PULLEN LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10017
015 A000001 INVESTORS FIDUCIARY TRUST COMPANY
015 B000001 C
015 C010001 KANSAS CITY
015 C020001 MO
015 C030001 64105
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 20
019 C000000 REICHTANGI
020 A000001 REICH & TANG DISTRIBUTORS L.P.
020 B000001 13-3598607
020 C000001 17
020 A000002 WHEAT, FIRST SECURITIES, INC.
020 B000002 54-0796506
020 C000002 4
020 A000003 GOLDSMITH & HARRIS, INC.
020 B000003 13-3741461
020 C000003 1
020 A000004 LEHMAN BROTHERS INC.
020 B000004 13-2518466
020 C000004 3
020 A000005 INSTINET CORPORATION
020 B000005 13-3443395
020 C000005 3
020 A000006 SALOMON BROTHER INC. S.P. SECURITIES
020 B000006 13-3082694
020 C000006 2
020 A000007 PRUDENTIAL-BACHE SECURITIES INC.
020 B000007 22-2347336
020 C000007 2
020 A000008 LANGEN MCALENNEY, INC.
020 B000008 23-0731260
020 C000008 2
020 A000009 PACIFIC CREST SECURITIES
020 B000009 93-0625230
020 C000009 1
020 A000010 WESTCOUNTY FINANCIAL
020 B000010 13-3741461
020 C000010 1
021 000000 39
022 A000001 MORGAN (J.P.) SECURITIES INC.
022 B000001 13-3224016
022 C000001 692034
022 D000001 0
022 A000002 REICH & TANG DISTRIBUTORS L.P.
022 B000002 13-3598607
022 C000002 2002
022 D000002 0
022 A000003 GOLDMAN, SACHS & CO.
022 B000003 13-5108880
022 C000003 130
022 D000003 158
022 A000004 CANTOR FITZGERALD & CO., INC.
022 B000004 95-1786286
022 C000004 576
022 D000004 0
022 A000005 DAIN BOSWORTH INC.
022 B000005 41-0212020
022 C000005 388
022 D000005 0
022 A000006 HERZOG, HEINE, GEDULD, INC.
022 B000006 13-1955436
022 C000006 26
022 D000006 82
022 A000007 WHEAT, FIRST SECURITIES, INC.
022 B000007 54-0796506
022 C000007 253
022 D000007 0
022 A000008 CLEARY, GULL, REILAND, MCDEVITT COLLOPY INC.
022 B000008 39-1567700
022 C000008 0
022 D000008 247
022 A000009 MERRIL LYNCH, PIERCE, FENNER & SMITH
022 B000009 13-5674085
022 C000009 635
022 D000009 0
022 A000010 JANNEY MONTGOMERY SCOTT INC.
022 B000010 23-0731260
022 C000010 228
022 D000010 0
023 C000000 696388
023 D000000 522
024 000000 N
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 822
028 A020000 0
028 A030000 0
028 A040000 249
028 B010000 728
028 B020000 0
028 B030000 0
028 B040000 59
028 C010000 1100
028 C020000 881
028 C030000 0
028 C040000 943
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 2650
028 G020000 881
028 G030000 0
028 G040000 1251
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 6
044 000000 2
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.800
048 A010000 0
048 A020000 0.000
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 Y
060 B000000 Y
061 000000 5000
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 N
066 C000000 N
066 D000000 Y
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 Y
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
070 K010000 N
070 K020000 N
070 L010000 Y
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 16761
071 B000000 6523
071 C000000 31839
071 D000000 20
072 A000000 3
072 B000000 215
072 C000000 128
072 D000000 0
072 E000000 0
072 F000000 87
072 G000000 22
072 H000000 7
072 I000000 13
072 J000000 5
072 K000000 0
072 L000000 4
072 M000000 3
072 N000000 3
072 O000000 1
072 P000000 0
072 Q000000 7
072 R000000 18
072 S000000 4
072 T000000 27
072 U000000 2
072 V000000 0
072 W000000 0
072 X000000 203
072 Y000000 30
072 Z000000 170
072AA000000 1084
072BB000000 454
072CC010000 1216
072CC020000 0
072DD010000 180
072DD020000 0
072EE000000 644
073 A010000 0.0514
073 A020000 0.0000
073 B000000 0.1901
073 C000000 0.0000
074 A000000 4
074 B000000 8744
074 C000000 0
074 D000000 4205
074 E000000 0
074 F000000 33820
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 150
074 M000000 25
074 N000000 46948
074 O000000 1069
074 P000000 38
074 Q000000 0
074 R010000 111
074 R020000 0
074 R030000 0
074 R040000 0
074 S000000 0
074 T000000 45730
074 U010000 3731
074 U020000 0
074 V010000 12.26
074 V020000 0.00
074 W000000 0.0000
074 X000000 272
074 Y000000 0
075 A000000 0
075 B000000 43505
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 LLOYDS
080 C000000 600
081 A000000 Y
081 B000000 19
082 A000000 Y
082 B000000 100
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 N
085 B000000 N
SIGNATURE BERNADETTE N. FINN
TITLE SECRETARY
McGLADREY & PULLEN, L.L.P.
Certified Public Accountants & Consultants
The Board of Directors and Shareholders
Delafield Fund, Inc.
In planning and performing our audit of the financial statements of Delafield
Fund, Inc. for the period from October 1, 1995 to December 31, 1995, we
considered its internal control structure, including procedures for safeguarding
securities, in order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on the internal control
structure.
The management of Delafield Fund, Inc. is responsible for establishing and
maintaining an internal control structure. In fulfilling this responsibility,
estimates and judgments by management are required to assess the expected
benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in confirmity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1995.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
McGladrey & Pullen, LLP
New York, New York
January 19, 1996
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND> The schedule contains summary financial information
extracted from the financial statements and supporting
schedules as of the end of the most current period and is
qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 0000912896
<NAME> Delafield Fund, Inc.
<S> <C>
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> OCT-01-1995
<PERIOD-END> DEC-30-1995
<PERIOD-TYPE> YEAR
<INVESTMENTS-AT-COST> 43858434
<INVESTMENTS-AT-VALUE> 46768755
<RECEIVABLES> 150106
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 29534
<TOTAL-ASSETS> 46948395
<PAYABLE-FOR-SECURITIES> 1068959
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 149402
<TOTAL-LIABILITIES> 1218361
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 42876421
<SHARES-COMMON-STOCK> 3730852
<SHARES-COMMON-PRIOR> 3541544
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 8609
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 51900
<ACCUM-APPREC-OR-DEPREC> 2910320
<NET-ASSETS> 45730034
<DIVIDEND-INCOME> 128238
<INTEREST-INCOME> 215136
<OTHER-INCOME> 0
<EXPENSES-NET> 173006
<NET-INVESTMENT-INCOME> 170368
<REALIZED-GAINS-CURRENT> 630148
<APPREC-INCREASE-CURRENT> 1216404
<NET-CHANGE-FROM-OPS> 2016920
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 179845
<DISTRIBUTIONS-OF-GAINS> 643645
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 221341
<NUMBER-OF-SHARES-REDEEMED> 103911
<SHARES-REINVESTED> 71878
<NET-CHANGE-IN-ASSETS> 3413767
<ACCUMULATED-NII-PRIOR> 9338
<ACCUMULATED-GAINS-PRIOR> 8689
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 86832
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 202613
<AVERAGE-NET-ASSETS> 43535233
<PER-SHARE-NAV-BEGIN> 11.95
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> .50
<PER-SHARE-DIVIDEND> .05
<PER-SHARE-DISTRIBUTIONS> .19
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.26
<EXPENSE-RATIO> 1.67
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
