<PAGE> PAGE 1
000 B000000 11/30/94
000 C000000 0000916368
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 EMERGING TIGERS FUND, INC.
001 B000000 811-7135
001 C000000 6092827165
002 A000000 P.O. BOX 9066
002 B000000 PRINCETON
002 C000000 NJ
002 D010000 08543
002 D020000 9066
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
008 A000001 FUND ASSET MANAGEMENT, L.P.
008 B000001 A
008 C000001 801-12485
008 D010001 PRINCETON
008 D020001 NJ
008 D030001 08543
008 D040001 9011
011 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
011 B000001 8-7221
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10281
012 A000001 STATE STREET BANK AND TRUST COMPANY
012 B000001 85-05003
012 C010001 QUINCY
012 C020001 MA
012 C030001 02171
013 A000001 DELOITTE & TOUCHE LLP
<PAGE> PAGE 2
013 B010001 PRINCETON
013 B020001 NJ
013 B030001 08540
014 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
014 B000001 8-7221
015 A000001 BROWN BROTHERS HARRIMAN & CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E010001 X
015 A000002 STANDARD CHARTERED BANK
015 B000002 S
015 C010002 LONDON
015 D010002 ENGLAND
015 E040002 X
015 A000003 CITIBANK, N.A.
015 B000003 S
015 C010003 NEW YORK
015 C020003 NY
015 C030003 10015
015 E010003 X
015 A000004 HONG KONG SHANGHAI BANKING CORPORATION
015 B000004 S
015 C010004 HONG KONG
015 D010004 HONG KONG
015 E040004 X
015 A000005 THE CENTRAL CLEARING AND SETTLEMENT SYSTEM
015 B000005 S
015 C010005 HONG KONG
015 D010005 HONG KONG
015 E040005 X
015 A000006 THE BANK OF NEW YORK
015 B000006 S
015 C010006 NEW YORK
015 C020006 NY
015 C030006 10015
015 E010006 X
015 A000007 BANKERS TRUST COMPANY
015 B000007 S
015 C010007 NEW YORK
015 C020007 NY
015 C030007 10016
015 E010007 X
015 A000008 CHEMICAL BANK
015 B000008 S
015 C010008 NEW YORK
015 C020008 NY
015 C030008 10017
015 E010008 X
015 A000009 CUSTODIAL TRUST CO.
<PAGE> PAGE 3
015 B000009 S
015 C010009 NEW YORK
015 C020009 NY
015 C030009 10167
015 E010009 X
015 A000010 MORGAN GUARANTY TRUST CO. OF NEW YORK
015 B000010 S
015 C010010 NEW YORK
015 C020010 NY
015 C030010 10260
015 E010010 X
015 A000011 SHANGHAI SEC. CENTRAL CLEARING & REGIS. CORP.
015 B000011 S
015 C010011 SHANGHAI
015 D010011 CHINA
015 E040011 X
015 A000012 SHENZHEN CENTRAL REGISTRARS CO. LTD.
015 B000012 S
015 C010012 SHENZEN
015 D010012 CHINA
015 E040012 X
015 A000013 MALAYSIAN CENTRAL DEPOSITORY
015 B000013 S
015 C010013 MALAYSIA
015 D010013 MALAYSIA
015 E040013 X
015 A000014 CENTRAL DEPOSITORY PTE
015 B000014 S
015 C010014 SINGAPORE
015 D010014 SINGAPORE
015 E040014 X
015 A000015 CENTRAL DEPOSITORY SYSTEM
015 B000015 S
015 C010015 SRI LANKA
015 D010015 SRI LANKA
015 E040015 X
015 A000016 SHARE DEPOSITORY CENTRE
015 B000016 S
015 C010016 THAILAND
015 D010016 THAILAND
015 E040016 X
018 000000 Y
019 A000000 Y
019 B000000 175
019 C000000 MERRILLLYN
020 A000001 PEREGRINE BROKERAGE INC.
020 C000001 362
020 A000002 SMITH BARNEY INC.
020 B000002 13-1912900
020 C000002 244
020 A000003 VICKERS BALLAS (USA) INC.
<PAGE> PAGE 4
020 B000003 13-3743951
020 C000003 225
020 A000004 ROBERT FLEMING INC.
020 B000004 13-3298866
020 C000004 170
020 A000005 BARING SECURITIES INC.
020 B000005 04-2455153
020 C000005 166
020 A000006 CREDIT LYONNAIS SECURITIES (USA) INC.
020 C000006 149
020 A000007 SMITH NEW COURT INC.
020 B000007 13-3169769
020 C000007 142
020 A000008 SBCI SWISS BANK CORP. INVEST. BANKING INC.
020 C000008 138
020 A000009 BARCLAYS DE ZOETE WEDD SECURITIES INC.
020 B000009 13-3551367
020 C000009 121
020 A000010 UBS SECURITIES INC.
020 B000010 13-2932996
020 C000010 101
021 000000 2528
022 A000001 GENERAL ELECTRIC CAPITAL CORP.
022 C000001 1582013
022 D000001 0
022 A000002 CS FIRST BOSTON CORPORATION
022 B000002 13-5659485
022 C000002 944098
022 D000002 55684
022 A000003 HSBC SECURITIES, INC.
022 B000003 13-2650272
022 C000003 222909
022 D000003 14897
022 A000004 GOLDMAN, SACHS & CO.
022 B000004 13-5108880
022 C000004 71259
022 D000004 69462
022 A000005 ROBERT FLEMING INC.
022 B000005 13-3298866
022 C000005 11089
022 D000005 6635
022 A000006 KLEINWORT BENSON NORTH AMERICA INC.
022 B000006 13-2647786
022 C000006 5538
022 D000006 0
022 A000007 MORGAN STANLEY & CO. INCORPORATED
022 B000007 13-2655998
022 C000007 3113
022 D000007 0
022 A000008 BARING SECURITIES INC.
022 B000008 04-2455153
<PAGE> PAGE 5
022 C000008 3096
022 D000008 0
022 A000009 BARCLAYS DE ZOETE WEDD SECURITIES INC.
022 B000009 13-3551367
022 C000009 2352
022 D000009 0
022 A000010 CAPEL (JAMES) INCORPORATED
022 B000010 52-1348224
022 C000010 1002
022 D000010 831
023 C000000 2850137
023 D000000 147728
024 000000 N
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
045 000000 Y
046 000000 N
047 000000 Y
048 000000 1.000
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
<PAGE> PAGE 6
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
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
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 250
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 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
<PAGE> PAGE 7
067 000000 N
068 A000000 N
068 B000000 Y
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
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 319153
071 B000000 18084
071 C000000 198679
071 D000000 9
072 A000000 9
072 B000000 3845
072 C000000 2082
072 D000000 0
072 E000000 0
072 F000000 2426
072 G000000 57
<PAGE> PAGE 8
072 H000000 0
072 I000000 26
072 J000000 576
072 K000000 0
072 L000000 33
072 M000000 22
072 N000000 31
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 0
072 S000000 21
072 T000000 0
072 U000000 7
072 V000000 0
072 W000000 10
072 X000000 3209
072 Y000000 0
072 Z000000 2718
072AA000000 1591
072BB000000 1165
072CC010000 4090
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 13694
074 D000000 8052
074 E000000 297132
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 1040
074 K000000 0
074 L000000 1405
074 M000000 39
074 N000000 321362
074 O000000 1925
074 P000000 279
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 468
<PAGE> PAGE 9
074 S000000 0
074 T000000 318690
074 U010000 22007
074 U020000 0
074 V010000 14.48
074 V020000 0.00
074 W000000 0.0000
074 X000000 33822
074 Y000000 0
075 A000000 0
075 B000000 325610
076 000000 12.75
077 A000000 Y
077 B000000 Y
077 O000000 Y
077 Q020000 Y
080 A000000 ICI MUTUAL INSURANCE CO.
080 B000000 NATIONAL UNION/GULF/CONTINENTAL CASUALTY
080 C000000 750
081 A000000 Y
081 B000000 173
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 22000
086 A020000 311850
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
087 A010000 EMERGING TIGERS FUND, INC.
087 A020000 290896109
087 A030000 TGF
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE GERALD M. RICHARD
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000916368
<NAME> EMERGING TIGERS FUND, INC.
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> NOV-30-1994
<PERIOD-START> MAR-04-1994
<PERIOD-END> NOV-30-1994
<INVESTMENTS-AT-COST> 314791783
<INVESTMENTS-AT-VALUE> 318877569
<RECEIVABLES> 2444937
<ASSETS-OTHER> 39757
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 321362263
<PAYABLE-FOR-SECURITIES> 1924838
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 747593
<TOTAL-LIABILITIES> 2672431
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 311455797
<SHARES-COMMON-STOCK> 22007055
<SHARES-COMMON-PRIOR> 7055
<ACCUMULATED-NII-CURRENT> 2717563
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 426677
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4089795
<NET-ASSETS> 318689832
<DIVIDEND-INCOME> 2081690
<INTEREST-INCOME> 3845015
<OTHER-INCOME> 0
<EXPENSES-NET> 3209142
<NET-INVESTMENT-INCOME> 2717563
<REALIZED-GAINS-CURRENT> 426677
<APPREC-INCREASE-CURRENT> 4089795
<NET-CHANGE-FROM-OPS> 7234035
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 22000000
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 318589827
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2426461
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3209142
<AVERAGE-NET-ASSETS> 325609699
<PER-SHARE-NAV-BEGIN> 14.18
<PER-SHARE-NII> .12
<PER-SHARE-GAIN-APPREC> .20
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.48
<EXPENSE-RATIO> 1.32
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
