CROFT FUNDS CORP
NSAR-A, 1996-12-27
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<PAGE>      PAGE  1
000 A000000 10/31/96
000 C000000 0000927437
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 CROFT FUNDS CORP
001 B000000 811-8652
001 C000000 4105760100
002 A000000 207 E. REDWOOD ST. SUITE 802
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 CROFT LEOMINSTER VALUE FUND
007 C030100 N
007 C010200  2
007 C020200 CROFT LEOMINSTER 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
007 C011000 10
020 A000001 PAINE WEBBER
020 C000001      1
020 A000002 OPPENHEIMER
020 C000002      1
020 A000003 SALOMON BROTHERS
020 C000003      1
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        6
022 A000001 STAR BANK
<PAGE>      PAGE  2
022 C000001      2101
022 D000001      1978
022 A000002 SCHRODER WERTHEIM
022 C000002       348
022 D000002       286
022 A000003 GRUNTAL & CO.
022 C000003       414
022 D000003         0
022 A000004 G.E. CAPITAL CORP
022 C000004       100
022 D000004         0
022 A000005 SMITH BARNEY
022 C000005        64
022 D000005        22
022 A000006 OPPENHEIMER
022 C000006        68
022 D000006         0
022 A000007 RODMAN & RENSHAW
022 C000007        31
022 D000007        31
022 A000008 GAINEA BERLAND
022 C000008        36
022 D000008         0
022 A000009 GOLDMAN SACHS
022 C000009         0
022 D000009        34
022 A000010 PRUDENTIAL
022 C000010        23
022 D000010         0
023 C000000       3254
023 D000000       2384
027  000000 Y
077 A000000 N
078  000000 N
028 A010100        63
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028 B030100         0
028 B040100         0
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028 C020100        11
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<PAGE>      PAGE  3
028 E020100         0
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034  000100 N
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042 D000100   0
042 E000100   0
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043  000100      0
044  000100      0
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 Y
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062 A000100 N
062 B000100   0.0
062 C000100   0.0
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<PAGE>      PAGE  4
062 P000100   0.0
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062 R000100   0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
066 E000100 N
066 F000100 N
066 G000100 N
067  000100 N
068 A000100 N
068 B000100 N
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071 A000100       734
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<PAGE>      PAGE  5
073 A010100   0.0000
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<PAGE>      PAGE  6
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049  000200 N
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062 L000200   5.3
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063 A000200   0
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<PAGE>      PAGE  7
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
071 A000200       896
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071 C000200      6220
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<PAGE>      PAGE  8
074 F000200      481
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074 U020200        0
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074 V020200     0.00
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075 A000200        0
075 B000200     6738
076  000200     0.00
SIGNATURE   JAMES E. CINO                                
TITLE       ADMINISTRATOR       
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> VALUE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                          1473821
<INVESTMENTS-AT-VALUE>                         1630153
<RECEIVABLES>                                     3989
<ASSETS-OTHER>                                    3100
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1637242
<PAYABLE-FOR-SECURITIES>                          6500
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        14771
<TOTAL-LIABILITIES>                              21271
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       1394479
<SHARES-COMMON-STOCK>                           128289
<SHARES-COMMON-PRIOR>                           106946
<ACCUMULATED-NII-CURRENT>                         3965
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          61195
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        156332
<NET-ASSETS>                                   1615971
<DIVIDEND-INCOME>                                 9248
<INTEREST-INCOME>                                 5262
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   10555
<NET-INVESTMENT-INCOME>                           3955
<REALIZED-GAINS-CURRENT>                         62031
<APPREC-INCREASE-CURRENT>                        50570
<NET-CHANGE-FROM-OPS>                           116556
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         12746
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          20378
<NUMBER-OF-SHARES-REDEEMED>                         27
<SHARES-REINVESTED>                                992
<NET-CHANGE-IN-ASSETS>                          360542
<ACCUMULATED-NII-PRIOR>                             10
<ACCUMULATED-GAINS-PRIOR>                        11910
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             6615
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  43107
<AVERAGE-NET-ASSETS>                           1398000
<PER-SHARE-NAV-BEGIN>                            11.74
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                            .94
<PER-SHARE-DIVIDEND>                               .11
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               12.6
<EXPENSE-RATIO>                                   1.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                          6732768
<INVESTMENTS-AT-VALUE>                         7003877
<RECEIVABLES>                                   147985
<ASSETS-OTHER>                                    3101
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 7154963
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        35648
<TOTAL-LIABILITIES>                              35648
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       6843263
<SHARES-COMMON-STOCK>                           675718
<SHARES-COMMON-PRIOR>                           629013
<ACCUMULATED-NII-CURRENT>                         5527
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (584)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        271109
<NET-ASSETS>                                   7119315
<DIVIDEND-INCOME>                                34980
<INTEREST-INCOME>                               256567
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   37345
<NET-INVESTMENT-INCOME>                         254202
<REALIZED-GAINS-CURRENT>                         17674
<APPREC-INCREASE-CURRENT>                       203295
<NET-CHANGE-FROM-OPS>                           475171
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       255292
<DISTRIBUTIONS-OF-GAINS>                         32194
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          28737
<NUMBER-OF-SHARES-REDEEMED>                       3586
<SHARES-REINVESTED>                              21554
<NET-CHANGE-IN-ASSETS>                          669130
<ACCUMULATED-NII-PRIOR>                           6617
<ACCUMULATED-GAINS-PRIOR>                        13936
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            26821
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  65391
<AVERAGE-NET-ASSETS>                           6738000
<PER-SHARE-NAV-BEGIN>                            10.25
<PER-SHARE-NII>                                    .39
<PER-SHARE-GAIN-APPREC>                            .34
<PER-SHARE-DIVIDEND>                               .40
<PER-SHARE-DISTRIBUTIONS>                          .04
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.54
<EXPENSE-RATIO>                                   1.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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