0000950131-97-006426 N-30B-2 1 19970930 19971030 NONE BAKER FENTRESS & CO 0000009235 0000 360767530 DE 1231 N-30B-2 40 811-02144 97703620 200 WEST MADISON ST SUITE 3510 CHICAGO IL 60606 312-236-9190 BAKER FENTRESS & CO ET AL 19940714 N-30B-2 1 000095013197006426-001-seq1-n-30b-2.txt QUARTERLY REPORT DATED 9/30/97