<PAGE> PAGE 1
000 A000000 12/31/94
000 C000000 0000094780
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 LEXINGTON STRATEGIC INVESTMENTS FUND, INC.
001 B000000 811-2506
001 C000000 2018457300
002 A000000 PARK 80 WEST PLAZA TWO
002 B000000 SADDLE BROOK
002 C000000 NJ
002 D010000 07663
002 D020000 9990
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 LEXINGTON MANAGEMENT CORPORATION
008 B000001 A
008 C000001 801-8281
008 D010001 SADDLE BROOK
008 D020001 NJ
008 D030001 07663
008 D040001 9990
011 A000001 LEXINGTON FUNDS DISTRIBUTOR, INC.
011 B000001 8-24850
011 C010001 SADDLE BROOK
011 C020001 NJ
011 C030001 07663
011 C040001 9990
012 A000001 STATE STREET BANK & TRUST COMPANY C/O NFDS
012 B000001 84-1078
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64105
<PAGE> PAGE 2
013 A000001 KPMG PEAT MARWICK
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10154
014 A000001 LEXINGTON FUNDS DISTRIBUTOR, INC.
014 B000001 8-24850
015 A000001 CHASE MANHATTAN BANK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10036
015 E040001 X
018 000000 Y
019 A000000 Y
019 B000000 16
019 C000000 :LEXINGTON
020 A000001 FLEMMING
020 C000001 110
020 A000002 JEFFERIES
020 B000002 95-2622900
020 C000002 25
020 A000003 AUTRANET, INC.
020 B000003 13-2961507
020 C000003 17
020 A000004 BURNS FRY
020 B000004 13-2692943
020 C000004 12
020 A000005 DONALDSON, LUFKIN & JENRETTE
020 B000005 13-2741729
020 C000005 11
020 A000006 N. THOMSON
020 C000006 7
020 A000007 FIRST MARATHON
020 C000007 7
020 A000008 WERTHEIM SCHRODER
020 B000008 13-2697272
020 C000008 5
020 A000009 GOLDMAN SACHS
020 B000009 13-5108880
020 C000009 4
020 A000010 YORKTON
020 C000010 4
021 000000 202
022 A000001 BAYERISCHE VEREINSBACH
022 C000001 13590
022 D000001 22903
022 A000002 BV CAPITAL MARKETS
022 B000002 13-2943614
022 C000002 1177
022 D000002 6381
022 A000003 S.G. WARBURG & CO.
<PAGE> PAGE 3
022 B000003 13-3340045
022 C000003 7983
022 D000003 5439
022 A000004 FLEMMING MARTIN
022 C000004 5638
022 D000004 6756
022 A000005 HAMBRO SECURITIES
022 C000005 6072
022 D000005 0
022 A000006 SMITH NEWCOURT
022 B000006 13-3169769
022 C000006 3881
022 D000006 1519
022 A000007 DEUTSCH BANK
022 B000007 13-6124068
022 C000007 2565
022 D000007 999
022 A000008 MCINTOSH MARTIN
022 C000008 0
022 D000008 2299
022 A000009 JEFFERIES & CO.
022 B000009 95-2622900
022 C000009 1367
022 D000009 470
022 A000010 PRUDENTIAL SECURITIES
022 B000010 22-2347336
022 C000010 1097
022 D000010 0
023 C000000 53370
023 D000000 46766
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 14375
028 A020000 0
<PAGE> PAGE 4
028 A030000 0
028 A040000 10285
028 B010000 25296
028 B020000 0
028 B030000 0
028 B040000 12956
028 C010000 45463
028 C020000 0
028 C030000 0
028 C040000 20402
028 D010000 43005
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028 D040000 27401
028 E010000 13375
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028 E030000 0
028 E040000 61944
028 F010000 54817
028 F020000 1417
028 F030000 0
028 F040000 14562
028 G010000 196331
028 G020000 1417
028 G030000 0
028 G040000 147550
028 H000000 196331
029 000000 Y
030 A000000 496
030 B000000 5.75
030 C000000 2.00
031 A000000 197
031 B000000 0
032 000000 300
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034 000000 N
035 000000 0
036 B000000 0
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<PAGE> PAGE 5
044 000000 0
045 000000 Y
046 000000 Y
047 000000 Y
048 000000 0.000
048 A010000 30000
048 A020000 1.000
048 B010000 0
048 B020000 0.750
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048 C020000 0.000
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048 H010000 0
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048 I010000 0
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048 J010000 0
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048 K010000 0
048 K020000 0.000
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054 D000000 N
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<PAGE> PAGE 6
058 A000000 N
059 000000 Y
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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
<PAGE> PAGE 7
070 K010000 N
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 N
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070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
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071 B000000 63019
071 C000000 111997
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072 X000000 865
072 Y000000 0
072 Z000000 1263
072AA000000 8382
072BB000000 5390
072CC010000 0
072CC020000 11156
072DD010000 1662
<PAGE> PAGE 8
072DD020000 0
072EE000000 0
073 A010000 0.0400
073 A020000 0.0000
073 B000000 0.0000
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074 A000000 27007
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074 C000000 0
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074 O000000 20628
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074 R040000 3481
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077 A000000 N
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080 A000000 FEDERAL INSURANCE COMPANY
080 C000000 6450
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081 B000000 13
082 A000000 Y
082 B000000 25
083 A000000 N
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084 A000000 N
084 B000000 0
<PAGE> PAGE 9
085 A000000 Y
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
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SIGNATURE PETER CORNIOTES
TITLE ASSISTANT SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The Schedule contains summary financial information extracted from semi-
annual financial statements dated December 31, 1994 and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 116,234,783
<INVESTMENTS-AT-VALUE> 127,387,471
<RECEIVABLES> 11,331,268
<ASSETS-OTHER> 27,063,360
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 165,782,099
<PAYABLE-FOR-SECURITIES> 20,627,982
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,550,854
<TOTAL-LIABILITIES> 24,178,836
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 217,849,441
<SHARES-COMMON-STOCK> 45,892,415
<SHARES-COMMON-PRIOR> 29,664,946
<ACCUMULATED-NII-CURRENT> 303,129
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (87,705,686)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,156,379
<NET-ASSETS> 141,603,263
<DIVIDEND-INCOME> 2,461,624
<INTEREST-INCOME> 77,678
<OTHER-INCOME> (411,253)
<EXPENSES-NET> 864,992
<NET-INVESTMENT-INCOME> 1,263,057
<REALIZED-GAINS-CURRENT> 2,991,871
<APPREC-INCREASE-CURRENT> 15,311,344
<NET-CHANGE-FROM-OPS> 19,566,272
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,662,361
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 60,975,148
<NUMBER-OF-SHARES-REDEEMED> 45,209,372
<SHARES-REINVESTED> 461,693
<NET-CHANGE-IN-ASSETS> 68,103,759
<ACCUMULATED-NII-PRIOR> 702,433
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 475,363
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 864,992
<AVERAGE-NET-ASSETS> 116,264,213
<PER-SHARE-NAV-BEGIN> 2.48
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.63
<PER-SHARE-DIVIDEND> 0.04
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 3.09
<EXPENSE-RATIO> 1.48
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>