BAKER FENTRESS & CO
NSAR-B, 1998-02-26
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<PAGE>      PAGE  1
000 B000000 12/31/97
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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
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008 A000001 JOHN A. LEVIN & CO., INC.
008 B000001 A
008 C000001 801-52602
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10020
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 LEVCO SECURITIES, INC.
014 B000001 8-49511
015 A000001 UMB BANK N.A.
<PAGE>      PAGE  2
015 B000001 C
015 C010001 KANSAS CITY
015 C020001 MO
015 C030001 64105
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020 B000001 13-2638166
020 C000001     95
020 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORP.
020 B000002 13-5674085
020 C000002     87
020 A000003 BEAR, STEARNS & CO. INC.
020 B000003 13-3299429
020 C000003     46
020 A000004 PRUDENTIAL SECURITIES INCORPORATED
020 B000004 22-2347336
020 C000004     32
020 A000005 J.P. MORGAN SECURITIES INC.
020 B000005 13-3224016
020 C000005     26
020 A000006 MENTOR SECURITIES, INC.
020 B000006 13-3536768
020 C000006     21
020 A000007 MORGAN STANLEY CO. INCORPORATED
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020 C000007     18
020 A000008 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP
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020 C000008     17
020 A000009 BT. ALEX BROWN
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020 A000010 FOX-PITT, KELTON INCORPORATED
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022 C000003      7769
022 D000003     12903
<PAGE>      PAGE  3
022 A000004 JEFFERIES & COMPANY, INC.
022 B000004 95-2622900
022 C000004      1909
022 D000004      9873
022 A000005 CANTOR FITZGERALD & CO.
022 B000005 13-3680182
022 C000005      6302
022 D000005      4035
022 A000006 SHERWOOD SECURITIES CORP.
022 B000006 13-2616318
022 C000006         0
022 D000006      6053
022 A000007 SALOMON BROTHERS INC.
022 B000007 13-3082694
022 C000007      5343
022 D000007       230
022 A000008 SOUNDVIEW FINANCIAL GROUP, INC.
022 B000008 13-2998183
022 C000008         0
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022 A000009 BEAR, STEARNS & CO. INC.
022 B000009 13-3299429
022 C000009      1740
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022 A000010 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP
022 B000010 13-2741729
022 C000010      1018
022 D000010      2559
023 C000000     122673
023 D000000     118139
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025 D000002       0
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<PAGE>      PAGE  4
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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SIGNATURE   JAMES P. KOENEMAN                            
TITLE       EXEC VICE PRESIDENT 
 



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