<PAGE> PAGE 1
000 A000000 05/31/95
000 C000000 0000927793
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 BENHAM MANAGER FUNDS
001 B000000 811-8668
001 C000000 4159658300
002 A000000 CHARLESTON ROAD
002 B000000 MOUNTAIN VIEW
002 C000000 CA
002 D010000 94043
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 BENHAM CAPITAL MANAGER 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
020 A000001 INSTINET
020 B000001 13-3443395
020 C000001 15
020 A000002 MORGAN STANLEY
020 B000002 13-2655998
020 C000002 9
020 A000003 GOLDMAN SACHS
020 B000003 13-5108880
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 25
<PAGE> PAGE 2
022 A000001 STATE STREET BANK AND TRUST
022 B000001 04-1867445
022 C000001 151310
022 D000001 0
022 A000002 MORGAN STANLEY
022 B000002 13-3224022
022 C000002 3123
022 D000002 2454
022 A000003 BT SECURITIES
022 B000003 13-3166617
022 C000003 3728
022 D000003 0
022 A000004 MERRILL LYNCH
022 B000004 13-5674085
022 C000004 4797
022 D000004 0
022 A000005 MORGAN STANLEY INTERNATIONAL
022 B000005 13-2655998
022 C000005 3534
022 D000005 1020
022 A000006 SMITH BARNEY
022 B000006 13-1912900
022 C000006 2020
022 D000006 1497
022 A000007 NIKKO SECURITIES
022 B000007 94-1302123
022 C000007 2994
022 D000007 0
022 A000008 MERRILL LYNCH - GOVERNMENT
022 B000008 13-5674085
022 C000008 3198
022 D000008 0
022 A000009 LEHMAN BROS. INC.
022 B000009 13-2518466
022 C000009 2480
022 D000009 0
022 A000010 GOLDMAN SACHS
022 B000010 13-5108880
022 C000010 2098
022 D000010 0
023 C000000 184465
023 D000000 6309
027 000000 Y
028 A01AA00 12508
028 A02AA00 16
028 A03AA00 0
028 A04AA00 4475
028 B01AA00 8663
028 B02AA00 0
028 B03AA00 0
028 B04AA00 1374
<PAGE> PAGE 3
028 C01AA00 3302
028 C02AA00 0
028 C03AA00 0
028 C04AA00 67
028 D01AA00 4332
028 D02AA00 144
028 D03AA00 0
028 D04AA00 230
028 E01AA00 6695
028 E02AA00 0
028 E03AA00 0
028 E04AA00 547
028 F01AA00 4411
028 F02AA00 0
028 F03AA00 0
028 F04AA00 1066
028 G01AA00 39911
028 G02AA00 160
028 G03AA00 0
028 G04AA00 7759
028 H00AA00 32312
061 00AA00 0
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
066 A00AA00 Y
066 B00AA00 N
066 C00AA00 N
066 D00AA00 N
066 E00AA00 Y
066 F00AA00 N
066 G00AA00 N
070 A01AA00 Y
070 A02AA00 Y
070 B01AA00 Y
070 B02AA00 N
<PAGE> PAGE 4
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 Y
070 D02AA00 N
070 E01AA00 Y
070 E02AA00 N
070 F01AA00 Y
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 N
070 H01AA00 Y
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 N
070 L01AA00 Y
070 L02AA00 Y
070 M01AA00 Y
070 M02AA00 Y
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 N
070 O02AA00 N
070 P01AA00 Y
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 Y
070 R02AA00 N
071 A00AA00 36579
071 B00AA00 9626
071 C00AA00 16562
071 D00AA00 58
072 A00AA00 6
072 B00AA00 122
072 C00AA00 392
072 D00AA00 0
072 E00AA00 0
072 F00AA00 38
072 G00AA00 8
072 H00AA00 0
072 I00AA00 25
072 J00AA00 27
072 K00AA00 7
072 L00AA00 0
072 M00AA00 6
072 N00AA00 19
072 O00AA00 0
<PAGE> PAGE 5
072 P00AA00 0
072 Q00AA00 0
072 R00AA00 17
072 S00AA00 0
072 T00AA00 0
072 U00AA00 8
072 V00AA00 0
072 W00AA00 6
072 X00AA00 161
072 Y00AA00 66
072 Z00AA00 419
072AA00AA00 260
072BB00AA00 0
072CC01AA00 1876
072CC02AA00 0
072DD01AA00 170
072DD02AA00 0
072EE00AA00 0
073 A01AA00 0.1036
073 A02AA00 0.0000
073 B00AA00 0.0000
073 C00AA00 0.0000
074 A00AA00 0
074 B00AA00 1528
074 C00AA00 4771
074 D00AA00 13263
074 E00AA00 0
074 F00AA00 15581
074 G00AA00 0
074 H00AA00 0
074 I00AA00 0
074 J00AA00 669
074 K00AA00 0
074 L00AA00 393
074 M00AA00 2
074 N00AA00 36207
074 O00AA00 1367
074 P00AA00 18
074 Q00AA00 0
074 R01AA00 0
074 R02AA00 0
074 R03AA00 0
074 R04AA00 25
074 S00AA00 0
074 T00AA00 34797
074 U01AA00 3116
074 U02AA00 0
074 V01AA00 11.17
074 V02AA00 0.00
074 W00AA00 0.0000
074 X00AA00 2676
<PAGE> PAGE 6
074 Y00AA00 0
075 A00AA00 0
075 B00AA00 18158
076 00AA00 0.00
077 A000000 Y
077 B000000 N
077 C000000 Y
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 Y
077 Q020000 N
077 Q030000 N
SIGNATURE ANN MCCOID
TITLE CONTROLLER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000927793
<NAME> BENHAM CAPITAL MANAGER
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-END> MAY-31-1995
<INVESTMENTS-AT-COST> 33251247
<INVESTMENTS-AT-VALUE> 35142571
<RECEIVABLES> 1061996
<ASSETS-OTHER> 129
<OTHER-ITEMS-ASSETS> 2022
<TOTAL-ASSETS> 36206718
<PAYABLE-FOR-SECURITIES> 1366977
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 42870
<TOTAL-LIABILITIES> 1409847
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 32411273
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (249109)
<ACCUMULATED-NET-GAINS> 257815
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1878674
<NET-ASSETS> 34796871
<DIVIDEND-INCOME> 121560
<INTEREST-INCOME> 392437
<OTHER-INCOME> 0
<EXPENSES-NET> 94575
<NET-INVESTMENT-INCOME> 419422
<REALIZED-GAINS-CURRENT> 257815
<APPREC-INCREASE-CURRENT> 1878674
<NET-CHANGE-FROM-OPS> 2555911
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2385598
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 39973794
<NUMBER-OF-SHARES-REDEEMED> 7821835
<SHARES-REINVESTED> 159314
<NET-CHANGE-IN-ASSETS> 34696871
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 38190
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 160829
<AVERAGE-NET-ASSETS> 34797000
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.24
<PER-SHARE-GAIN-APPREC> 1.03
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .10
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.17
<EXPENSE-RATIO> 100
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>