AQUINAS FUNDS INC
NSAR-A, 1997-08-14
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<PAGE>      PAGE  1
000 A000000 06/30/97
000 C000000 0000914325
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE AQUINAS FUNDS, INC.
001 B000000 811-8122
001 C000000 9722336655
002 A000000 5310 HARVEST HILL ROAD, SUITE 248
002 B000000 DALLAS
002 C000000 TX
002 D010000 75230
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
007 C010100  1
007 C020100 AQUINAS BALANCED FUND
007 C030100 N
007 C010200  2
007 C020200 AQUINAS EQUITY GROWTH FUND
007 C030200 N
007 C010300  3
007 C020300 AQUINAS EQUITY INCOME FUND
007 C030300 N
007 C010400  4
007 C020400 AQUINAS FIXED INCOME FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
010 A00AA01 SUNSTONE FINANCIAL GROUP, INC.
010 B00AA01 8-42106
010 C01AA01 MILWAUKEE
010 C02AA01 WI
010 C03AA01 53221
012 A00AA01 DST SYSTEMS, INC.
012 B00AA01 84-00448
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64105
013 A00AA01 ARTHUR ANDERSEN LLP
<PAGE>      PAGE  2
013 B01AA01 MILWAUKEE
013 B02AA01 WI
013 B03AA01 53202
015 A00AA01 UMB BANK, N.A.
015 B00AA01 C
015 C01AA01 KANSAS CITY
015 C02AA01 MO
015 C03AA01 64141
015 E01AA01 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 AUTRANET
020 B000001 13-2961507
020 C000001     14
020 A000002 BRIDGE TRADING
020 B000002 43-1450530
020 C000002      8
020 A000003 GOLDMAN SACHS
020 B000003 13-5108880
020 C000003      7
020 A000004 MORGAN STANLEY & CO.
020 B000004 13-2655998
020 C000004      5
020 A000005 DONALDSON, LUFKIN & JENRETTE
020 B000005 13-2741729
020 C000005      5
020 A000006 LEHMAN BROTHERS
020 B000006 13-2518466
020 C000006      5
020 A000007 JEFFRIES
020 B000007 95-2622900
020 C000007      5
020 A000008 INSTINET
020 B000008 13-3443395
020 C000008      4
020 A000009 ALEX BROWN
020 B000009 52-1319768
020 C000009      4
020 A000010 SMITH BARNEY
020 B000010 13-3371860
020 C000010      3
021  000000       91
022 A000001 UMB BANK, N.A.
022 B000001 43-1357092
022 C000001     37303
022 D000001     36568
022 A000002 PRUDENTIAL SECURITIES
022 B000002 22-2347336
022 C000002      3574
022 D000002      4468
<PAGE>      PAGE  3
022 A000003 PAINEWEBBER, INC.
022 B000003 13-2638166
022 C000003      4583
022 D000003      3018
022 A000004 MORGAN STANLEY
022 B000004 13-2655998
022 C000004      2611
022 D000004      3446
022 A000005 JP MORGAN
022 B000005 13-3224016
022 C000005      3381
022 D000005      2313
022 A000006 MERRILL LYNCH
022 B000006 13-2629351
022 C000006      2593
022 D000006      1261
022 A000007 SMITH BARNEY
022 B000007 13-3371860
022 C000007      1634
022 D000007      1520
022 A000008 LEHMAN BROTHERS
022 B000008 13-2518466
022 C000008      1740
022 D000008      1014
022 A000009 FUGI SECURITIES
022 C000009      1078
022 D000009      1614
022 A000010 GOLDMAN SACHS
022 B000010 13-5108880
022 C000010      1039
022 D000010      1171
023 C000000     101307
023 D000000     198394
026 A000000 N
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<PAGE>      PAGE  4
038  00AA00      0
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054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
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054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
058 A00AA00 N
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060 A00AA00 Y
060 B00AA00 Y
061  00AA00      500
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077 N000000 N
<PAGE>      PAGE  5
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 NATIONAL UNION FIRE INSURANCE COMPANY
080 C00AA00      525
081 A00AA00 N
081 B00AA00   0
082 A00AA00 N
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008 A000101 AQUINAS INVESTMENT ADVISERS, INC.
008 B000101 A
008 C000101 801-45125
008 D010101 DALLAS
008 D020101 TX
008 D030101 75230
008 A000102 ATLANTIC ASSET MANAGEMENT PARTNERS, LLC.
008 B000102 S
008 C000102 801-49941
008 D010102 STAMFORD
008 D020102 CT
008 D030102 06902
008 A000103 INCOME RESEARCH & MANAGEMENT, INC.
008 B000103 S
008 C000103 801-29482
008 D010103 BOSTON
008 D020103 MA
008 D030103 02110
008 A000104 JOHN MCSTAY INVESTMENT COUNSEL
008 B000104 S
008 C000104 801-20244
<PAGE>      PAGE  6
008 D010104 DALLAS
008 D020104 TX
008 D030104 75225
008 A000105 BEUTEL, GOODMAN CAPITAL MANAGEMENT
008 B000105 S
008 C000105 801-32646
008 D010105 HOUSTON
008 D020105 TX
008 D030105 77057
008 A000106 NFJ INVESTMENT GROUP
008 B000106 S
008 C000106 801-47940
008 D010106 DALLAS
008 D020106 TX
008 D030106 75201
024  000100 Y
025 A000101 BEAR STEARNS & CO.
025 B000101 13-3299429
025 C000101 E
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025 A000102 LEHMAN BROTHERS
025 B000102 13-2518466
025 C000102 D
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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008 A000201 AQUINAS INVESTMENT ADVISERS, INC.
008 B000201 A
008 C000201 801-45125
008 D010201 DALLAS
008 D020201 TX
008 D030201 75230
008 A000202 JOHN MCSTAY INVESTMENT COUNSEL
008 B000202 S
008 C000202 801-20244
008 D010202 DALLAS
008 D020202 TX
008 D030202 75225
008 A000203 SIRACH CAPITAL MANAGEMENT, INC.
008 B000203 S
008 C000203 801-33477
008 D010203 SEATTLE
008 D020203 WA
008 D030203 98101
024  000200 Y
025 A000201 MERRILL LYNCH
025 B000201 13-2629351
025 C000201 E
025 D000201      78
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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070 A010200 Y
070 A020200 N
070 B010200 N
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070 C010200 N
070 C020200 N
070 D010200 N
<PAGE>      PAGE  13
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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008 A000301 AQUINAS INVESTMENT ADVISERS, INC.
008 B000301 A
008 C000301 801-45125
008 D010301 DALLAS
008 D020301 TX
008 D030301 75230
008 A000302 NFJ INVESTMENT GROUP
008 B000302 S
008 C000302 801-47940
008 D010302 DALLAS
008 D020302 TX
008 D030302 75201
008 A000303 BEUTEL, GOODMAN CAPITAL MANAGEMENT
008 B000303 S
008 C000303 801-32646
008 D010303 HOUSTON
008 D020303 TX
008 D030303 77057
024  000300 Y
025 A000301 BEAR STEARNS & CO.
025 B000301 13-3299429
025 C000301 E
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<PAGE>      PAGE  16
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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008 A000401 AQUINAS INVESTMENT ADVISERS, INC.
008 B000401 A
008 C000401 801-45125
008 D010401 DALLAS
008 D020401 TX
008 D030401 75230
008 A000402 ATLANTIC ASSET MANAGEMENT PARTNERS, LLC.
008 B000402 S
008 C000402 801-49941
008 D010402 STAMFORD
008 D020402 CT
008 D030402 06902
008 A000403 INCOME RESEARCH & MANAGEMENT, INC.
008 B000403 S
008 C000403 801-29482
008 D010403 BOSTON
008 D020403 MA
008 D030403 02110
024  000400 Y
025 A000401 LEHMAN BROTHERS
025 B000401 13-2581846
025 C000401 D
025 D000401     723
<PAGE>      PAGE  20
025 D000402       0
025 D000403       0
025 D000404       0
025 D000405       0
025 D000406       0
025 D000407       0
025 D000408       0
028 A010400       404
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028 A030400         0
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045  000400 Y
046  000400 N
047  000400 Y
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<PAGE>      PAGE  21
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048 G010400        0
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048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400        0
048 K020400 0.000
049  000400 N
050  000400 N
051  000400 N
052  000400 N
053 A000400 Y
053 B000400 Y
053 C000400 N
062 A000400 Y
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062 C000400   0.0
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062 H000400   0.0
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062 Q000400   0.0
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063 B000400 13.0
064 A000400 N
064 B000400 N
066 A000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
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070 A020400 Y
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070 B020400 N
070 C010400 N
070 C020400 N
<PAGE>      PAGE  22
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070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400     19732
071 B000400     16567
071 C000400     36025
071 D000400   46
072 A000400  6
072 B000400     1268
072 C000400        0
072 D000400        0
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072 G000400       33
072 H000400        0
072 I000400       16
072 J000400        3
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072 Q000400        0
<PAGE>      PAGE  23
072 R000400        4
072 S000400        3
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072 U000400        1
072 V000400        0
072 W000400       11
072 X000400      197
072 Y000400        8
072 Z000400     1079
072AA000400      104
072BB000400      133
072CC010400        0
072CC020400       25
072DD010400     1078
072DD020400        0
072EE000400        0
073 A010400   0.2788
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
074 A000400        0
074 B000400     1700
074 C000400        0
074 D000400    36877
074 E000400        0
074 F000400        0
074 G000400        0
074 H000400        0
074 I000400      409
074 J000400       15
074 K000400        0
074 L000400      583
074 M000400       15
074 N000400    39599
074 O000400        0
074 P000400       18
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400      207
074 S000400        0
074 T000400    39374
074 U010400     3983
074 U020400        0
074 V010400     9.89
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074 W000400   0.0000
074 X000400      200
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075 A000400        0
<PAGE>      PAGE  24
075 B000400    37853
076  000400     0.00
SIGNATURE   AMY NEWGARD                                  
TITLE       FINANCIAL ANALYST   
 


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<CIK> 0000914325
<NAME> THE AQUINAS FUNDS, INC.
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   <NUMBER> 1
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<CIK> 0000914325
<NAME> THE AQUINAS FUNDS, INC.
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000914325
<NAME> THE AQUINAS FUNDS, INC.
<SERIES>
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