MAGNA FUNDS /MA/
NSAR-B, 1995-10-26
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<PAGE>      PAGE  1
000 B000000 08/31/95
000 C000000 922637
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 MAGNA FUNDS
001 B000000 811-8494
001 C000000 6172672525
002 A000000 60 STATE STREET SUITE 700
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 MAGNA INTERMEDIATE GOVERNMENT BOND FUND
007 C030100 N
007 C010200  2
007 C020200 MAGNA GROWTH & INCOME FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
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007 C012400 24
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<PAGE>      PAGE  2
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007 C015400 54
007 C015500 55
007 C015600 56
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007 C015800 58
007 C015900 59
007 C016000 60
008 A00AA01 MAGNA BANK OF MISSOURI
008 B00AA01 A
008 C00AA01 801-9999
008 D01AA01 ST LOUIS
008 D02AA01 MO
008 D03AA01 63144
010 A00AA01 ERNST ASSET MANAGEMENT CORP
010 B00AA01 8-03018
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02109
011 A00AA01 ERNST & COMPANY
011 B00AA01 8-03018
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10004
<PAGE>      PAGE  3
011 C04AA01 1478
012 A00AA01 BOSTON FINANCIAL DATA SERVICES, INC
012 B00AA01 85-8494
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02266
013 A00AA01 COOPERS & LYBRAND
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 MGI INVESTMENTS, INC
014 B00AA01 8-34750
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
018  00AA00 Y
019 A00AA00 N
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020 A000002 SMITH BARNEY, INC
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020 C000003      3
020 A000004 PAINE WEBBER
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020 A000005 KIDDER PEABODY & COMPANY
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022 A000001 STATE STREET BANK & TRUST
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022 B000002 13-5674085
022 C000002      5353
022 D000002      2618
022 A000003 COASTAL SECURITIES CORP
<PAGE>      PAGE  4
022 B000003 76-0358048
022 C000003      4966
022 D000003      2872
022 A000004 STEPHENS, INC
022 B000004 71-0211822
022 C000004      4000
022 D000004       500
022 A000005 OPPENHEIMER
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022 C000005      1755
022 D000005      1573
022 A000006 FIRST ST LOUIS SECURITIES
022 B000006 43-1353860
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022 A000007 MAGNA BANK BELLEVILLE
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022 B000008 13-1912900
022 C000008      1500
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022 A000009 HSBC SECURITIES, INC
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<PAGE>      PAGE  5
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054 B00AA00 Y
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054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
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054 O00AA00 Y
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060 B00AA00 Y
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070 A01AA00 Y
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<PAGE>      PAGE  6
070 C01AA00 Y
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070 D02AA00 N
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070 E02AA00 N
070 F01AA00 Y
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070 H01AA00 Y
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 N
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<PAGE>      PAGE  7
078  000000 N
080 A00AA00 GULF INSURANCE CO.
080 C00AA00      600
081 A00AA00 N
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082 A00AA00 N
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083 A00AA00 N
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024  000100 Y
025 A000101 MERRILL LYNCH, PIERCE, FENNER & SMITH
025 C000101 D
025 D000101    1380
025 A000102 MORGAN STANLEY
025 C000102 D
025 D000102     490
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<PAGE>      PAGE  8
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045  000100 Y
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<PAGE>      PAGE  9
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062 Q000100   0.0
062 R000100   0.0
063 A000100   0
063 B000100  7.6
064 A000100 N
064 B000100 N
066 A000100 N
067  000100 N
068 A000100 N
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<PAGE>      PAGE  10
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076  000100     0.00
024  000200 N
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<PAGE>      PAGE  11
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045  000200 Y
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<PAGE>      PAGE  12
062 F000200   0.0
062 G000200   0.0
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062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 N
066 E000200 Y
066 F000200 N
066 G000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
071 A000200     31586
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<PAGE>      PAGE  13
072 X000200      478
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SIGNATURE   STEVE PARAGGIO                               
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000922637
<NAME> MAGNA FUNDS
<SERIES>
  <NUMBER> 1
  <NAME> MAGNA INTERMEDIATE GOVERNMENT BOND FUND
<MULTIPLIER> 1
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000922637
<NAME> MAGNA FUNDS
<SERIES>
   <NUMBER> 2
   <NAME> MAGNA GROWTH & INCOME FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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</TABLE>


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