<PAGE> PAGE 1
000 A000000 12/31/98
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 U
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
020 A000001 DEUTSCHE BANK
020 B000001 13-2730828
020 C000001 7
020 A000002 LIPPER ANALYTICAL
020 B000002 13-2792478
020 C000002 6
020 A000003 BEAR STEARNS
020 B000003 13-3299429
020 C000003 3
020 A000004 FLEMING MARTIN
020 B000004 13-3724403
<PAGE> PAGE 2
020 C000004 3
020 A000005 NESBITT BURNS
020 B000005 13-2620737
020 C000005 2
020 A000006 CAPITAL INSTITUTIONAL SECURITIES
020 B000006 75-1565705
020 C000006 2
020 A000007 RBC DOMINION SECURITIES
020 B000007 13-5033225
020 C000007 2
020 A000008 MERRILL LYNCH
020 B000008 13-5674085
020 C000008 1
020 A000009 T. HOARE LTD.
020 C000009 1
020 A000010 BARNARD JACOBS
020 C000010 1
021 000000 28
022 A000001 SHEARSON LEHMAN BROTHERS
022 B000001 13-2518466
022 C000001 112475
022 D000001 0
022 A000002 CHASE MANHATTAN BANK
022 B000002 13-3112953
022 C000002 0
022 D000002 225
022 C000003 0
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 112475
023 D000000 225
024 000000 N
028 A010000 829
028 A020000 0
028 A030000 0
028 A040000 994
028 B010000 1164
028 B020000 0
<PAGE> PAGE 3
028 B030000 0
028 B040000 2571
028 C010000 7153
028 C020000 0
028 C030000 0
028 C040000 4089
028 D010000 4197
028 D020000 0
028 D030000 0
028 D040000 6280
028 E010000 2515
028 E020000 0
028 E030000 0
028 E040000 2065
028 F010000 842
028 F020000 71
028 F030000 0
028 F040000 2249
028 G010000 16700
028 G020000 71
028 G030000 0
028 G040000 18248
028 H000000 16700
029 000000 Y
030 A000000 18
030 B000000 5.75
030 C000000 2.00
031 A000000 2
031 B000000 0
032 000000 16
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
062 A000000 N
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
<PAGE> PAGE 4
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
066 A000000 Y
066 C000000 Y
067 000000 N
068 A000000 Y
068 B000000 Y
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 Y
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
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
<PAGE> PAGE 5
071 A000000 3570
071 B000000 4065
071 C000000 17681
071 D000000 40
072 A000000 6
072 B000000 42
072 C000000 283
072 D000000 0
072 E000000 0
072 F000000 101
072 G000000 0
072 H000000 0
072 I000000 68
072 J000000 11
072 K000000 0
072 L000000 44
072 M000000 9
072 N000000 15
072 O000000 0
072 P000000 0
072 Q000000 10
072 R000000 8
072 S000000 10
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 24
072 X000000 300
072 Y000000 47
072 Z000000 72
072AA000000 0
072BB000000 4144
072CC010000 4519
072CC020000 0
072DD010000 81
072DD020000 0
072EE000000 0
073 A010000 0.0100
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 108
074 B000000 0
074 C000000 1000
074 D000000 0
074 E000000 0
074 F000000 16367
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 75
<PAGE> PAGE 6
074 K000000 0
074 L000000 104
074 M000000 0
074 N000000 17654
074 O000000 0
074 P000000 7
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 173
074 S000000 0
074 T000000 17474
074 U010000 16150
074 U020000 0
074 V010000 1.08
074 V020000 0.00
074 W000000 0.0000
074 X000000 10180
074 Y000000 0
075 A000000 0
075 B000000 20104
076 000000 0.00
077 A000000 N
078 000000 N
080 A000000 CHUBB GROUP OF INSURANCE COMPANIES
080 C000000 7375
081 A000000 Y
081 B000000 16
082 A000000 Y
082 B000000 25
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
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 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, 1998 and is qualified in its entirety by
reference go such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 32,336,382
<INVESTMENTS-AT-VALUE> 17,366,519
<RECEIVABLES> 179,982
<ASSETS-OTHER> 107,956
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 17,654,457
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 180,798
<TOTAL-LIABILITIES> 180,798
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 67,851,514
<SHARES-COMMON-STOCK> 16,149,619
<SHARES-COMMON-PRIOR> 16,647,853
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (44,031)
<ACCUMULATED-NET-GAINS> (35,363,671)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (14,970,153)
<NET-ASSETS> 17,473,659
<DIVIDEND-INCOME> 283,666
<INTEREST-INCOME> 41,977
<OTHER-INCOME> (637)
<EXPENSES-NET> (253,329)
<NET-INVESTMENT-INCOME> 71,677
<REALIZED-GAINS-CURRENT> (4,143,766)
<APPREC-INCREASE-CURRENT> 4,518,709
<NET-CHANGE-FROM-OPS> 446,620
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (80,799)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14,278,152
<NUMBER-OF-SHARES-REDEEMED> (15,324,145)
<SHARES-REINVESTED> 65,300
<NET-CHANGE-IN-ASSETS> (1,476,488)
<ACCUMULATED-NII-PRIOR> 28,800
<ACCUMULATED-GAINS-PRIOR> (42,996,141)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 101,329
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 300,329
<AVERAGE-NET-ASSETS> 20,103,666
<PER-SHARE-NAV-BEGIN> 1.08
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.01)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.08
<EXPENSE-RATIO> 2.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
