<PAGE> PAGE 1
000 A000000 09/30/95
000 C000000 0000919228
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 BUFFALO BALANCED FUND, INC.
001 B000000 811-8364
001 C000000 8164715200
002 A000000 THREE CROWN CENTER, 2440 PERSHING ROAD
002 B000000 KANSAS CITY
002 C000000 MO
002 D010000 64108
002 D020000 2561
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
020 A000001 CANTOR FITZGERALD & CO
020 C000001 3
020 A000002 BURNS, PAULI & CO INC
020 C000002 2
020 A000003 COMMERZBANK CAPITAL MKTS
020 C000003 2
020 A000004 PAINE WEBBER
020 C000004 2
020 A000005 LEWCO SECURITIES
020 C000005 2
020 A000006 HAMBRECHT & QUIST
020 C000006 2
020 A000007 SMITH BARNEY, HARRIS UPHAM
020 C000007 1
020 A000008 INSTERSTATE SEC CORP, JOHNSON LANE
020 C000008 1
020 A000009 ROBERTSON, STEPHENS & CO
020 C000009 1
020 A000010 ALLEN & CO
020 C000010 1
021 000000 18
022 A000001 UMB BANK, N.A.
022 C000001 533739
022 D000001 1840
022 A000002 COMMERZBANK CAPITAL MKTS
022 C000002 5708
022 D000002 1512
022 A000003 J C BRADFORD
<PAGE> PAGE 2
022 C000003 1914
022 D000003 282
022 A000004 DONALDSON, LUFKIN & JENRETTE
022 C000004 400
022 D000004 1024
022 A000005 MORGAN GUARANTY TRUST
022 C000005 0
022 D000005 1067
022 A000006 CS FIRST BOSTON CORP
022 C000006 1025
022 D000006 0
022 A000007 BEAR, STEARNS & CO
022 C000007 803
022 D000007 0
022 A000008 UBS SECURITIES
022 C000008 0
022 D000008 541
022 A000009 MORGAN STANLEY & CO
022 C000009 500
022 D000009 0
022 A000010 DEAN WITTER & CO
022 C000010 371
022 D000010 116
023 C000000 544834
023 D000000 6757
028 A010000 1752
028 A020000 0
028 A030000 0
028 A040000 393
028 B010000 1119
028 B020000 0
028 B030000 0
028 B040000 2409
028 C010000 1586
028 C020000 1436
028 C030000 0
028 C040000 1944
028 D010000 2015
028 D020000 0
028 D030000 0
028 D040000 212
028 E010000 1173
028 E020000 0
028 E030000 0
028 E040000 957
028 F010000 1918
028 F020000 623
028 F030000 0
028 F040000 690
028 G010000 9563
028 G020000 2059
<PAGE> PAGE 3
028 G030000 0
028 G040000 6605
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
055 A000000 Y
055 B000000 N
056 000000 Y
057 000000 N
061 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 B000000 N
066 C000000 N
066 D000000 N
066 E000000 Y
066 F000000 N
066 G000000 N
067 000000 Y
068 A000000 N
068 B000000 N
069 000000 N
071 A000000 18631
071 B000000 13587
071 C000000 36495
071 D000000 3
072 A000000 6
072 B000000 1269
072 C000000 238
072 D000000 0
072 E000000 0
072 F000000 208
072 G000000 0
<PAGE> PAGE 4
072 H000000 0
072 I000000 0
072 J000000 0
072 K000000 0
072 L000000 0
072 M000000 0
072 N000000 36
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 0
072 S000000 0
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 0
072 X000000 244
072 Y000000 0
072 Z000000 1263
072AA000000 1314
072BB000000 0
072CC010000 1401
072CC020000 0
072DD010000 1347
072DD020000 0
072EE000000 923
073 A010000 0.3400
073 A020000 0.0000
073 B000000 0.2430
073 C000000 0.0000
074 A000000 0
074 B000000 3200
074 C000000 0
074 D000000 26546
074 E000000 1599
074 F000000 13252
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 846
074 M000000 0
074 N000000 45443
074 O000000 100
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 364
<PAGE> PAGE 5
074 S000000 0
074 T000000 44979
074 U010000 4286
074 U020000 0
074 V010000 10.49
074 V020000 0.00
074 W000000 0.0000
074 X000000 1546
074 Y000000 0
075 A000000 0
075 B000000 41203
076 000000 0.00
077 A000000 N
078 000000 N
SIGNATURE MICHAEL A BRUMMEL
TITLE VICE PRESIDENT