BAKER FENTRESS & CO ET AL
NSAR-B, 1996-02-28
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<PAGE>      PAGE  1
000 B000000 12/31/95
000 C000000 0000009235
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 BAKER, FENTRESS & COMPANY
001 B000000 811-2144
001 C000000 3122369190
002 A000000 200 WEST MADISON STREET SUITE 3510
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60606
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
012 A000001 HARRIS TRUST & SAVINGS BANK
012 B000001 85-05128
012 C010001 CHICAGO
012 C020001 IL
012 C030001 60690
013 A000001 ERNST & YOUNG LLP
013 B010001 CHICAGO
013 B020001 IL
013 B030001 60606
013 B040001 6301
014 A000001 GOLDMAN SACHS & CO
014 B000001 8-29743
015 A000001 UMB BANK N.A.
015 B000001 C
015 C010001 KANSAS CITY
015 C020001 MO
015 C030001 64105
015 E010001 X
018  000000 Y
<PAGE>      PAGE  2
019 A000000 N
019 B000000    0
020 A000001 BEAR STEARNS & CO INC
020 B000001 13-3299429
020 C000001     51
020 A000002 DONALDSON LUFKIN & JENRETTE SECURITIES CORP
020 B000002 13-2741729
020 C000002     41
020 A000003 H.G. WELLINGTON & CO INC
020 B000003 13-3216715
020 C000003     40
020 A000004 LEHMAN BROTHERS INC
020 B000004 13-2518466
020 C000004     35
020 A000005 GOLDMAN SACHS & CO
020 B000005 13-5108880
020 C000005     25
020 A000006 PRUDENTIAL SECURITIES INC
020 B000006 13-6134767
020 C000006     24
020 A000007 MORGAN STANLEY & CO INC
020 B000007 13-2655998
020 C000007     22
020 A000008 JOHN HANCOCK CLEARING CORP
020 B000008 06-1246277
020 C000008     19
020 A000009 SMITH BARNEY INC
020 B000009 13-1912900
020 C000009     19
020 A000010 WEEDEN & CO LP
020 B000010 13-3364318
020 C000010     18
021  000000      392
022 A000001 FORD MOTOR CREDIT COMPANY
022 B000001 38-1612444
022 C000001    168303
022 D000001         0
022 A000002 AMERICAN EXPRESS CREDIT CORPORATION
022 B000002 11-1988350
022 C000002    157872
022 D000002         0
022 A000003 ALEX BROWN & SONS INC
022 B000003 52-1319768
022 C000003     22817
022 D000003     11139
022 A000004 MITSUBISHI BANK LIMITED
022 B000004 13-5611741
022 C000004     14466
022 D000004     14574
022 A000005 JEFFERIES & COMPANY INC
022 B000005 95-2622900
<PAGE>      PAGE  3
022 C000005     10769
022 D000005      8840
022 A000006 DEAN WITTER REYNOLDS INC
022 B000006 94-1671384
022 C000006     14434
022 D000006      3688
022 A000007 COWEN & COMPANY
022 B000007 13-5616116
022 C000007      8289
022 D000007      6431
022 A000008 MERRILL LYNCH PIERCE FENNER & SMITH INC
022 B000008 13-5674085
022 C000008       895
022 D000008     11934
022 A000009 SMITH BARNEY INC
022 B000009 13-1912900
022 C000009      8724
022 D000009      2417
022 A000010 DUROLITE INTERNATIONAL INC
022 C000010     10500
022 D000010         0
023 C000000     456134
023 D000000      89567
024  000000 N
025 D000001       0
025 D000002       0
025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
025 D000007       0
025 D000008       0
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
042 A000000   0
042 B000000   0
042 C000000   0
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000      0
<PAGE>      PAGE  4
044  000000      0
045  000000 N
048  000000  0.000
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
055 A000000 Y
055 B000000 N
056  000000 N
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 N
060 B000000 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
<PAGE>      PAGE  5
062 R000000   0.0
063 A000000   0
063 B000000  0.0
066 A000000 Y
066 C000000 Y
067  000000 N
068 A000000 N
068 B000000 N
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 Y
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 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
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    185108
071 B000000    194374
071 C000000    515743
071 D000000   36
072 A000000 12
072 B000000     6822
<PAGE>      PAGE  6
072 C000000     6718
072 D000000        0
072 E000000        0
072 F000000        0
072 G000000        0
072 H000000     1611
072 I000000       68
072 J000000       19
072 K000000       87
072 L000000      185
072 M000000      163
072 N000000        0
072 O000000      140
072 P000000        0
072 Q000000        0
072 R000000       51
072 S000000       84
072 T000000        0
072 U000000        0
072 V000000        0
072 W000000     1713
072 X000000     4121
072 Y000000        0
072 Z000000     9419
072AA000000    54321
072BB000000    11170
072CC010000   107071
072CC020000        0
072DD010000     9059
072DD020000        0
072EE000000    31926
073 A010000   0.3500
073 A020000   0.0000
073 B000000   1.2000
073 C000000   0.0000
074 A000000      439
074 B000000        0
074 C000000     1790
074 D000000    50954
074 E000000    10210
074 F000000   530156
074 G000000        0
074 H000000        0
074 I000000     2042
074 J000000     3436
074 K000000        0
074 L000000     1188
074 M000000      879
074 N000000   601094
074 O000000     1305
074 P000000        0
<PAGE>      PAGE  7
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000      607
074 S000000        0
074 T000000   599182
074 U010000    27544
074 U020000        0
074 V010000    21.75
074 V020000     0.00
074 W000000   0.0000
074 X000000     2717
074 Y000000        0
075 A000000        0
075 B000000   526804
076  000000    16.75
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 N
077 Q020000 N
077 Q030000 N
078  000000 N
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 C000000      900
081 A000000 N
081 B000000   0
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   1102
086 A020000  18596
<PAGE>      PAGE  8
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 COMMON
087 A020000 057213100
087 A030000 BKF
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE   JANET SANDONA JONES                          
TITLE       TREASURER           
 



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