PAGE 1
000 A000000 06/30/2004
000 C000000 0000216851
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 PETROLEUM & RESOURCES CORPORATION
001 B000000 811-2736
001 C000000 4107525900
002 A000000 SEVEN ST. PAUL STREET, SUITE 1140
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
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
012 A000001 AMERICAN STOCK TRANSFER & TRUST CO.
012 B000001 84-416
012 C010001 NEW YORK
012 C020001 NY
012 C030001 10038
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 BALTIMORE
013 B020001 MD
013 B030001 21201
015 A000001 THE BANK OF NEW YORK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
015 E010001 X
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 BRIDGE TRADING CO.
PAGE 2
020 B000001 43-1450530
020 C000001 47
020 A000002 S&P SECURITIES
020 B000002 13-3145333
020 C000002 12
020 A000003 BNY ESI & CO., INC.
020 B000003 13-3989198
020 C000003 12
020 A000004 MORGAN STANLEY & CO.
020 B000004 13-2655998
020 C000004 9
020 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH
020 B000005 13-5674085
020 C000005 8
020 A000006 GORDON HASKETT
020 B000006 06-1095324
020 C000006 8
020 A000007 CS FIRST BOSTON CORP.
020 B000007 13-5659485
020 C000007 7
020 A000008 PRUDENTIAL SECURITIES
020 B000008 22-2347336
020 C000008 5
020 A000009 TRADITION ASIEL SECURITIES
020 B000009 13-3517908
020 C000009 4
020 A000010 CITIGROUP GLOBAL MARKETS
020 B000010 11-2418191
020 C000010 4
021 000000 123
022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000001 13-5674085
022 C000001 94736
022 D000001 0
022 A000002 TOYOTA MOTOR CREDIT CORP.
022 B000002 95-3775816
022 C000002 30297
022 D000002 0
022 A000003 AMERICAN GENERAL FINANCE
022 B000003 35-0416090
022 C000003 29453
022 D000003 0
022 A000004 CHEVRONTEXACO FUNDING
022 B000004 75-3071421
022 C000004 27849
022 D000004 0
022 A000005 GENERAL ELECTRIC CAPITAL CORP.
022 B000005 13-1500700
022 C000005 25451
022 D000005 0
022 A000006 COCA COLA ENTERPRISES
PAGE 3
022 B000006 58-0503352
022 C000006 18898
022 D000006 0
022 A000007 BANK OF NEW YORK
022 B000007 13-4941102
022 C000007 16961
022 D000007 0
022 A000008 WELLS FARGO FINANCIAL
022 B000008 42-1186565
022 C000008 15285
022 D000008 0
022 A000009 GMAC NCAT
022 B000009 52-2081069
022 C000009 13437
022 D000009 0
022 A000010 CATERPILLAR FINANCIAL SERVICES
022 B000010 37-1105865
022 C000010 13095
022 D000010 0
023 C000000 339794
023 D000000 0
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 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
028 C020000 0
028 C030000 0
PAGE 4
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 N
048 000000 0.000
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
PAGE 5
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
055 A000000 N
055 B000000 N
056 000000 N
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
066 C000000 N
066 D000000 N
066 E000000 Y
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
PAGE 6
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 Y
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 Y
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 N
070 N010000 Y
070 N020000 Y
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 Y
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 31652
071 B000000 34228
071 C000000 475605
071 D000000 7
072 A000000 6
072 B000000 301
072 C000000 5688
072 D000000 0
072 E000000 12
072 F000000 0
072 G000000 0
072 H000000 650
072 I000000 30
072 J000000 25
072 K000000 15
PAGE 7
072 L000000 45
072 M000000 153
072 N000000 24
072 O000000 43
072 P000000 0
072 Q000000 11
072 R000000 26
072 S000000 48
072 T000000 0
072 U000000 0
072 V000000 65
072 W000000 221
072 X000000 1356
072 Y000000 0
072 Z000000 4645
072AA000000 7453
072BB000000 0
072CC010000 40396
072CC020000 0
072DD010000 3695
072DD020000 0
072EE000000 1956
073 A010000 0.1700
073 A020000 0.0000
073 B000000 0.0900
073 C000000 0.0000
074 A000000 350
074 B000000 6386
074 C000000 94867
074 D000000 0
074 E000000 8120
074 F000000 496868
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 2028
074 K000000 0
074 L000000 503
074 M000000 1594
074 N000000 610716
074 O000000 126
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 719
074 R040000 41363
074 S000000 0
074 T000000 568508
074 U010000 0
074 U020000 21682
PAGE 8
074 V010000 26.22
074 V020000 0.00
074 W000000 0.0000
074 X000000 5134
074 Y000000 17017
075 A000000 0
075 B000000 538130
076 000000 23.81
077 A000000 N
078 000000 N
080 C000000 0
081 B000000 0
082 B000000 0
083 B000000 0
084 B000000 0
086 A010000 0
086 A020000 0
086 B010000 54
086 B020000 1276
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
087 A010000 PETROLEUM & RESOURCES CORPORATION
087 A020000 716549100
087 A030000 PEO
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE MAUREEN JONES
TITLE CFO