<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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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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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
072 J000300 6
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<PAGE> PAGE 22
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008 A000401 BEAR STEARNS FUNDS MANAGEMENT INC.
008 B000401 A
008 C000401 801-29862
008 D010401 NEW YORK
008 D020401 NY
008 D030401 10167
008 A000402 DELETE
010 A000401 BEAR STEARNS FUNDS MANAGEMENT INC.
010 B000401 801-29862
010 C010401 NEW YORK
010 C020401 NY
010 C030401 10167
010 A000402 PFPC INC.
010 B000402 85-1196
010 C010402 WILMINGTON
010 C020402 DE
010 C030402 19809
013 A000401 DELOITTE & TOUCHE LLP
013 B010401 NEW YORK
013 B020401 NY
013 B030401 10281
013 B040401 1434
015 A000401 CUSTODIAL TRUST COMPANY
015 B000401 C
015 C010401 PRINCETON
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015 E030401 X
015 A000402 CITIBANK, N.A.
015 B000402 S
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015 C020402 NY
015 C030402 10022
015 E040402 X
015 A000403 MORGAN GUARANTY TRUST CO. OF NEW YORK
015 B000403 S
015 C010403 NEW YORK
015 C020403 NY
015 C030403 10005
015 E040403 X
024 000400 Y
<PAGE> PAGE 23
025 A000401 MORGAN STANLEY GROUP, INC.
025 B000401 13-2655998
025 C000401 E
025 D000401 526
025 A000402 PAINEWEBBER GROUP, INC.
025 B000402 13-2638166
025 C000402 E
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025 D000404 0
025 D000405 0
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033 000400 19
<PAGE> PAGE 24
034 000400 Y
035 000400 1
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042 F000400 0
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045 000400 Y
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047 000400 Y
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048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
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050 000400 N
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052 000400 N
053 A000400 Y
053 B000400 Y
053 C000400 N
054 A000400 Y
054 B000400 Y
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054 D000400 N
<PAGE> PAGE 25
054 E000400 N
054 F000400 N
054 G000400 Y
054 H000400 Y
054 I000400 N
054 J000400 Y
054 K000400 N
054 L000400 N
054 M000400 Y
054 N000400 N
054 O000400 N
055 A000400 N
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056 000400 Y
057 000400 N
058 A000400 N
059 000400 Y
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060 B000400 N
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066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
<PAGE> PAGE 26
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 N
070 C020400 N
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070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 Y
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 N
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
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070 O020400 Y
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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010 B000501 801-29862
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010 C030501 10167
010 A000502 PFPC INC.
010 B000502 85-1196
010 C010502 WILMINGTON
010 C020502 DE
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013 A000501 DELOITTE & TOUCHE LLP
013 B010501 NEW YORK
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013 B040501 1434
015 A000501 CUSTODIAL TRUST COMPANY
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<PAGE> PAGE 29
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<PAGE> PAGE 30
042 F000500 0
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<PAGE> PAGE 31
054 N000500 N
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<PAGE> PAGE 32
070 E020500 N
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<PAGE> PAGE 33
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<PAGE> PAGE 34
008 B000601 A
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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SIGNATURE KATHY THREN
TITLE COUNSEL
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000931145
<NAME> THE BEAR STEARNS FUNDS
<SERIES>
<NUMBER> 011
<NAME> LARGE CAP VALUE PORTFOLIO - CLASS A
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<CIK> 0000931145
<NAME> THE BEAR STEARNS FUNDS
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<NAME> LARGE CAP VALUE PORTFOLIO - CLASS C
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<CIK> 0000931145
<NAME> THE BEAR STEARNS FUNDS
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<NUMBER> 013
<NAME> LARGE CAP VALUE PORTFOLIO - CLASS Y
<S> <C>
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<TABLE> <S> <C>
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<CIK> 0000931145
<NAME> THE BEAR STEARNS FUNDS
<SERIES>
<NUMBER> 021
<NAME> SMALL CAP VALUE PORTFOLIO - CLASS A
<S> <C>
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<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000931145
<NAME> THE BEAR STEARNS FUNDS
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<NUMBER> 022
<NAME> SMALL CAP VALUE PORTFOLIO - CLASS C
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<CIK> 0000931145
<NAME> THE BEAR STEARNS FUNDS
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<NUMBER> 023
<NAME> SMALL CAP VALUE PORTFOLIO - CLASS Y
<S> <C>
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<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000931145
<NAME> THE BEAR STEARNS FUNDS
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<NUMBER> 031
<NAME> TOTAL RETURN BOND PORTFOLIO - CLASS A
<S> <C>
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<FISCAL-YEAR-END> MAR-31-1997
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<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000931145
<NAME> THE BEAR STEARNS FUNDS
<SERIES>
<NUMBER> 032
<NAME> TOTAL RETURN BOND PORTFOLIO - CLASS C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1997
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<CIK> 0000931145
<NAME> THE BEAR STEARNS FUNDS
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<NUMBER> 033
<NAME> TOTAL RETURN BOND PORTFOLIO - CLASS Y
<S> <C>
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<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000931145
<NAME> THE BEAR STEARNS FUNDS
<SERIES>
<NUMBER> 041
<NAME> THE INSIDERS SELECT FUND - CLASS A
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