Company:  SAFFRON FUND INC
Form Type:  N-CSRS
Filing Date:  8/9/2004 
CIK:  0000917492 
Address:  51 W. 52ND STREET 
City, State, Zip:  NEW YORK, New York 10019 
Telephone:  (212) 713-8392 
Fiscal Year:  12/31 
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  FORM N-CSRS
    ITEM 1. REPORTS TO STOCKHOLDERS.
      FINANCIAL STATEMENTS
        PORTFOLIO OF INVESTMENTS
        ASSETS AND LIABILITIES
        STATEMENT OF OPERATIONS
        STATEMENT OF CHANGES IN NET ASSETS
        FINANCIAL HIGHLIGHTS TABLE
        NOTES TO FINANCIAL STATEMENTS
        ANNUAL SHAREHOLDERS' MEETING
        DIRECTORS AND OFFICERS
    ITEM 2. CODE OF ETHICS.
    ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
    ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
    ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
    ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES ...
    ITEM 10. CONTROLS AND PROCEDURES.
    SIGNATURES
  EXHIBIT 99.CERT
  EXHIBIT 99.906
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