<PAGE> PAGE 1
000 A000000 12/31/97
000 C000000 0000924725
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE BRAMWELL FUNDS, INC.
001 B000000 811-8546
001 C000000 2123080505
002 A000000 745 FIFTH AVENUE, 16TH FLOOR
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10151
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 THE BRAMWELL GROWTH FUND
007 C030100 N
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 A00AA01 BRAMWELL CAPITAL MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-46036
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10151
010 A00AA01 SUNSTONE FINANCIAL GROUP, INC.
010 C01AA01 MILWAUKEE
010 C02AA01 WI
010 C03AA01 53202
012 A00AA01 FIRSTAR TRUST CO.
012 B00AA01 85-00410
012 C01AA01 MILWAUKEE
012 C02AA01 WI
012 C03AA01 53201
013 A00AA01 COOPERS & LYBRAND L.L.P.
013 B01AA01 MILWAUKEE
<PAGE> PAGE 2
013 B02AA01 WI
013 B03AA01 53202
015 A00AA01 FIRSTAR TRUST CO.
015 B00AA01 C
015 C01AA01 MILWAUKEE
015 C02AA01 WI
015 C03AA01 53201
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 1
019 C00AA00 BRAMWELLFU
020 A000001 THOMSON INSTITUTIONAL
020 B000001 13-3566424
020 C000001 10
020 A000002 GOLDMAN SACHS
020 B000002 13-5108880
020 C000002 6
020 A000003 BEAR STEARNS & CO
020 B000003 13-3299429
020 C000003 3
020 A000004 UBS SECURITIES
020 C000004 3
020 A000005 FIRST BOSTON
020 B000005 13-5659485
020 C000005 3
020 A000006 MORGAN STANLEY
020 B000006 13-2655998
020 C000006 3
020 A000007 MERRILL LYNCH & CO., INC.
020 B000007 13-2629351
020 C000007 3
020 A000008 GERALD KLAUER
020 C000008 3
020 A000009 WERTHEIM SCHRODER
020 B000009 13-2697272
020 C000009 3
020 A000010 JP MORGAN
020 C000010 2
021 000000 65
022 A000001 FIRSTAR TRUST COMPANY
022 B000001 39-0281225
022 C000001 39239
022 D000001 24989
022 A000002 MONTGOMERY SECURITIES
022 B000002 94-1701676
022 C000002 0
022 D000002 3635
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022 B000003 94-2524501
022 C000003 195
<PAGE> PAGE 3
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022 A000005 LEHMAN BROTHERS
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022 C000005 540
022 D000005 1187
022 A000006 WILLIAM BLAIR
022 B000006 36-2214610
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022 A000007 MERRILL LYNCH & CO., INC.
022 B000007 13-2629351
022 C000007 853
022 D000007 257
022 A000008 FIRST BOSTON
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022 C000008 27
022 D000008 947
022 A000009 HAMBRECHT & QUIST
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022 A000010 DONALDSON, LUFKIN & JENRETTE
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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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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024 000100 Y
025 A000101 MERRILL LYNCH & CO., INC.
025 B000101 13-2629351
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SIGNATURE MEG GREIFENKAMP
TITLE FINANCIAL ANALYST
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000924725
<NAME> BRAMWELL FUNDS, INC.
<SERIES>
<NUMBER> 1
<NAME> BRAMWELL GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 98,985,293
<INVESTMENTS-AT-VALUE> 150,130,397
<RECEIVABLES> 507,136
<ASSETS-OTHER> 88,687
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 150,726,220
<PAYABLE-FOR-SECURITIES> 1,092,425
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 268,353
<TOTAL-LIABILITIES> 1,360,778
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 93,219,653
<SHARES-COMMON-STOCK> 7,891,049
<SHARES-COMMON-PRIOR> 7,185,143
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,000,685
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 51,145,104
<NET-ASSETS> 149,365,442
<DIVIDEND-INCOME> 517,148
<INTEREST-INCOME> 152,544
<OTHER-INCOME> 0
<EXPENSES-NET> (1,214,196)
<NET-INVESTMENT-INCOME> (544,504)
<REALIZED-GAINS-CURRENT> 8,006,403
<APPREC-INCREASE-CURRENT> 10,904,248
<NET-CHANGE-FROM-OPS> 18,366,147
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (8,645,491)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,120,925
<NUMBER-OF-SHARES-REDEEMED> 837,369
<SHARES-REINVESTED> 422,350
<NET-CHANGE-IN-ASSETS> 23,441,391
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 7,906,922
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 707,654
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,214,196
<AVERAGE-NET-ASSETS> 139,535,923
<PER-SHARE-NAV-BEGIN> 17.53
<PER-SHARE-NII> (0.07)
<PER-SHARE-GAIN-APPREC> 2.64
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.17)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.93
<EXPENSE-RATIO> 1.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
Exhibit to Accompany
Item 77J
Form N-SAR
The Bramwell Growth Fund
(the Fund)
According to the provisions of Statement of Position 93 - 2 (SOP
93 - 2) Determination, Disclosure and Financial Statement
Presentation of Income, Capital Gain and Return of Capital
Distributions by Investment Companies, the Fund is required to
report the accumulated net investment income (loss) and
accumulated net capital gain (loss) accounts to approximate
amounts available for future distributions on a tax basis (or to
offset future realized capital gains). As a result, the Fund has
reclassified accumulated net investment losses of $544,504 and
undistributed net realized gains of $2,267,149 to paid-in capital for
the six months ended December 31, 1997.
This reclassification has no impact on the net asset value of the
Fund and is designed to present the Funds capital account on a tax
basis.
