<PAGE>      PAGE  1
000 B000000 07/31/2001
000 C000000 785855
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 THE ITALY FUND INC.
001 B000000 811-4517
001 C000000 8004512010
002 A000000 GREENWICH STREET, MF-2
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10013
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 SSB CITI FUND MANAGEMENT LLC.
008 B000001 A
008 C000001 801-000000
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10013
010 A000001 SSB CITI FUND MANAGEMENT LLC.
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10013
011 A000001 SALOMON SMITH BARNEY INC.
011 B000001 8-0000000
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10013
012 A000001 PFPC GLOBAL FUND SERVICES
012 B000001 84-0000000
012 C010001 PROVIDENCE
012 C020001 RI
<PAGE>      PAGE  2
012 C030001 02940
012 C040001 9699
013 A000001 KPMG PEAT MARWICK LLP.
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10017
015 A000001 THE CHASE MANHATTAN BANK
015 B000001 C
015 C010001 BROOKLYN
015 C020001 NY
015 C030001 11245
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000  167
019 C000000 BARNEY0000
020 A000001 EUROMOBILIARE S.P.A. MILAN
020 B000001 N/A
020 C000001    216
020 A000002 INTERMOBILIALRE
020 B000002 N/A
020 C000002     45
020 A000003 CABOTO USA, INC
020 B000003 N/A
020 C000003     39
020 A000004 INTERMONTE
020 B000004 N/A
020 C000004     25
020 A000005 LEHMAN BROTHERS
020 B000005 13-2518466
020 C000005     11
020 A000006 ABN AMRO
020 B000006 13-3227945
020 C000006     11
020 A000007 CS FIRST BOSTON
020 B000007 13-5659485
020 C000007      8
020 A000008 SANTANDER INV
020 B000008 13-3777308
020 C000008      7
020 A000009 COWEN (SG) SEC
020 B000009 N/A
020 C000009      5
020 A000010 MORGAN JP
020 B000010 13-3224016
020 C000010      4
021  000000      371
022 A000001 CS FIRST BOSTON
022 B000001 13-5659485
022 C000001    291440
022 D000001         0
<PAGE>      PAGE  3
022 A000002 CIBC WOOD GUNDY SECURITIES
022 B000002 N/A
022 C000002     63549
022 D000002         0
022 A000003 CHASE SECURITIES
022 B000003 13-3112953
022 C000003     23825
022 D000003         0
022 A000004 MORGAN STANLEY
022 B000004 13-2655998
022 C000004     11100
022 D000004         0
022 A000005 CORPORATE ACTION
022 B000005 N/A
022 C000005       721
022 D000005       313
022 A000006 CREDIT SUISSE CORP
022 B000006 13-5659485
022 C000006       750
022 D000006         0
022 A000007 DLJ
022 B000007 13-2741729
022 C000007       466
022 D000007         0
022 C000008         0
022 D000008         0
022 C000009         0
022 D000009         0
022 C000010         0
022 D000010         0
023 C000000     391851
023 D000000        313
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
027  000000 N
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
<PAGE>      PAGE  4
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
042 H000000   0
043  000000      0
044  000000      0
045  000000 Y
046  000000 N
047  000000 Y
048  000000  0.950
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
048 D010000        0
<PAGE>      PAGE  5
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
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 N
055 A000000 N
055 B000000 N
056  000000 Y
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 N
060 B000000 N
061  000000        0
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
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
063 A000000   0
063 B000000  0.0
066 A000000 Y
066 B000000 N
<PAGE>      PAGE  6
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067  000000 N
068 A000000 N
068 B000000 Y
069  000000 N
070 A010000 Y
070 A020000 Y
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 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 Y
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000     36383
071 B000000     55351
071 C000000     63419
071 D000000   57
072 A000000 6
072 B000000      193
<PAGE>      PAGE  7
072 C000000     1105
072 D000000        0
072 E000000        0
072 F000000      255
072 G000000       68
072 H000000        0
072 I000000       23
072 J000000       59
072 K000000        0
072 L000000       37
072 M000000       34
072 N000000        8
072 O000000      161
072 P000000        0
072 Q000000        0
072 R000000       20
072 S000000       50
072 T000000        0
072 U000000        0
072 V000000        0
072 W000000        7
072 X000000      722
072 Y000000        0
072 Z000000      576
072AA000000     4194
072BB000000        0
072CC010000        0
072CC020000    25131
072DD010000        0
072DD020000        0
072EE000000     8180
073 A010000   0.0000
073 A020000   1.2100
073 B000000   0.0000
073 C000000   0.0000
074 A000000     3017
074 B000000        0
074 C000000        0
074 D000000        0
074 E000000        0
074 F000000    40196
074 G000000        0
074 H000000        0
074 I000000        0
074 J000000     1253
074 K000000        0
074 L000000        2
074 M000000    17581
074 N000000    62049
074 O000000      103
074 P000000       40
<PAGE>      PAGE  8
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000    17718
074 S000000        0
074 T000000    44188
074 U010000     5069
074 U020000        0
074 V010000     8.72
074 V020000     0.00
074 W000000   0.0000
074 X000000        0
074 Y000000        0
075 A000000        0
075 B000000    68200
076  000000     7.97
077 A000000 N
077 B000000 N
078  000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000   125000
081 A000000 Y
081 B000000 167
082 A000000 N
082 B000000        0
083 A000000 Y
083 B000000     1062
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   IRVING P. DAVID
TITLE       CONTROLLER