<PAGE> PAGE 1
000 A000000 09/30/1999
000 C000000 0000933996
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 1838 BOND-DEBENTURE TRADING FUND
001 B000000 811-02201
001 C000000 6102934300
002 A000000 100 MATSONFORD ROAD, SUITE 320
002 B000000 RADNOR
002 C000000 PA
002 D010000 19087
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
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 A000001 1838 INVESTMENT ADVISORS, INC.
008 B000001 A
008 C000001 801-02201
008 D010001 RADNOR
008 D020001 PA
008 D030001 19087
010 A000001 1838 INVESTMENT ADVISORS, INC.
010 B000001 801-33025
010 C010001 RADNOR
010 C020001 PA
010 C030001 19087
012 A000001 PRICEWATERHOUSECOOPERS
012 B000001 84-0000000
012 C010001 NEW YORK
012 C020001 NY
012 C030001 10036
019 B000000 0
020 C000001 0
020 C000002 0
<PAGE> PAGE 2
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 MORGAN STANLEY
022 B000001 13-2655998
022 C000001 1024
022 D000001 0
022 A000002 LEHMAN BROTHERS
022 B000002 13-
022 C000002 0
022 D000002 999
022 A000003 J.P. MORGAN
022 B000003 13-
022 C000003 498
022 D000003 247
022 A000004 DONALDSON, LUFKIN & JENRETTE
022 B000004 13-2741729
022 C000004 0
022 D000004 500
022 A000005 CHASE SECURIITES
022 B000005 13-3112953
022 C000005 499
022 D000005 0
022 A000006 GOLDMAN SACKS
022 B000006 13-5108880
022 C000006 497
022 D000006 0
022 A000007 CS FIRST BOSTON
022 B000007 13-5659485
022 C000007 0
022 D000007 330
022 A000008 SALOMON BROTHERS
022 B000008 13-3082694
022 C000008 244
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 2763
023 D000000 2076
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
<PAGE> PAGE 3
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
<PAGE> PAGE 4
042 H000000 0
043 000000 0
044 000000 0
048 000000 0.000
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
061 000000 0
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 2.2
062 M000000 10.9
062 N000000 0.0
062 O000000 0.0
062 P000000 82.4
062 Q000000 4.2
062 R000000 0.0
063 A000000 0
063 B000000 21.9
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
<PAGE> PAGE 5
069 000000 N
070 A010000 N
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 3715
071 B000000 4601
071 C000000 75661
071 D000000 1
072 A000000 6
072 B000000 3028
072 C000000 7
072 D000000 0
072 E000000 0
072 F000000 221
072 G000000 0
072 H000000 0
072 I000000 24
072 J000000 4
<PAGE> PAGE 6
072 K000000 0
072 L000000 10
072 M000000 14
072 N000000 0
072 O000000 11
072 P000000 0
072 Q000000 0
072 R000000 12
072 S000000 12
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 22
072 X000000 330
072 Y000000 0
072 Z000000 2705
072AA000000 0
072BB000000 149
072CC010000 0
072CC020000 4717
072DD010000 4059
072DD020000 0
072EE000000 0
073 A010000 1.1050
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 0
074 D000000 73405
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 1684
074 J000000 0
074 K000000 0
074 L000000 1617
074 M000000 5
074 N000000 76711
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 1371
074 S000000 0
074 T000000 75340
074 U010000 3673
<PAGE> PAGE 7
074 U020000 0
074 V010000 20.51
074 V020000 0.00
074 W000000 0.0000
074 X000000 1
074 Y000000 0
075 A000000 0
075 B000000 77491
076 000000 17.50
077 A000000 N
078 000000 N
080 C000000 0
081 B000000 0
082 B000000 0
083 B000000 0
084 B000000 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE ANNA BENCROWSKY
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2000
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 74,281
<INVESTMENTS-AT-VALUE> 75,089
<RECEIVABLES> 1,617
<ASSETS-OTHER> 5
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 76,711
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,371
<TOTAL-LIABILITIES> 1,371
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 76,078
<SHARES-COMMON-STOCK> 3,673
<SHARES-COMMON-PRIOR> 3,673
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (1,346)
<ACCUMULATED-NET-GAINS> (201)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 809
<NET-ASSETS> 75,340
<DIVIDEND-INCOME> 7
<INTEREST-INCOME> 3,028
<OTHER-INCOME> 0
<EXPENSES-NET> 330
<NET-INVESTMENT-INCOME> 2,705
<REALIZED-GAINS-CURRENT> (149)
<APPREC-INCREASE-CURRENT> (4,717)
<NET-CHANGE-FROM-OPS> (2,161)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,059)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (6,220)
<ACCUMULATED-NII-PRIOR> 8
<ACCUMULATED-GAINS-PRIOR> (52)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 221
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 330
<AVERAGE-NET-ASSETS> 77,491
<PER-SHARE-NAV-BEGIN> 22.20
<PER-SHARE-NII> 0.74
<PER-SHARE-GAIN-APPREC> (1.32)
<PER-SHARE-DIVIDEND> (1.11)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.51
<EXPENSE-RATIO> 0.85
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
