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<PAGE> PAGE 2
011 C01AA01 MILWAUKEE
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<PAGE> PAGE 3
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SIGNATURE PAUL J. SCHMANSKI
TITLE FINANCIAL ANALYST
<TABLE> <S> <C>
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<CIK> 0001002556
<NAME> VAN WAGONER FUNDS INC
<SERIES>
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<SERIES>
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<SHARES-COMMON-PRIOR> 3,333
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8,468,484)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 48,300,506
<NET-ASSETS> 782,528,790
<DIVIDEND-INCOME> 37,933
<INTEREST-INCOME> 1,674,202
<OTHER-INCOME> 0
<EXPENSES-NET> (3,048,255)
<NET-INVESTMENT-INCOME> (1,336,120)
<REALIZED-GAINS-CURRENT> (8,468,484)
<APPREC-INCREASE-CURRENT> 48,300,506
<NET-CHANGE-FROM-OPS> 38,495,902
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 66,245,553
<NUMBER-OF-SHARES-REDEEMED> 13,966,204
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 782,495,456
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,040,230
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,048,255
<AVERAGE-NET-ASSETS> 340,431,860
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 5.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.97
<EXPENSE-RATIO> 1.87
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001002556
<NAME> VAN WAGONER FUNDS INC
<SERIES>
<NUMBER> 3
<NAME> MID CAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 89,681,986
<INVESTMENTS-AT-VALUE> 93,704,149
<RECEIVABLES> 457,344
<ASSETS-OTHER> 66,391
<OTHER-ITEMS-ASSETS> 5,385
<TOTAL-ASSETS> 94,233,269
<PAYABLE-FOR-SECURITIES> 659,430
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 213,159
<TOTAL-LIABILITIES> 872,589
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 90,284,460
<SHARES-COMMON-STOCK> 6,865,943
<SHARES-COMMON-PRIOR> 3,333
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (945,943)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,022,163
<NET-ASSETS> 93,360,680
<DIVIDEND-INCOME> 5,499
<INTEREST-INCOME> 265,504
<OTHER-INCOME> 0
<EXPENSES-NET> (337,772)
<NET-INVESTMENT-INCOME> (66,769)
<REALIZED-GAINS-CURRENT> (945,943)
<APPREC-INCREASE-CURRENT> 4,022,163
<NET-CHANGE-FROM-OPS> 3,009,451
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,851,868
<NUMBER-OF-SHARES-REDEEMED> 1,989,258
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 93,327,347
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 173,217
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 419,788
<AVERAGE-NET-ASSETS> 37,071,162
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 3.61
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.60
<EXPENSE-RATIO> 1.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
VAN WAGONER FUNDS, INC.
FORM N-SAR
Report for the Six Months ending June 30, 1996
Item 77H - Changes in Control of the Registrant
Van Wagoner Funds, Inc. (the "Company") consists of three
portfolios: the Micro-Cap Fund, the Emerging Growth Fund, and
the Mid-Cap Fund (each referred to as a "Fund" or collectively as
the "Funds"). The Funds commenced operations on December 31,
1995.
On December 31, 1995, Garrett R. Van Wagoner, President of the
Company, owned 100% of the outstanding shares of the Funds. At
the close of business on June 30, 1996, he owned less than 1% of
the outstanding shares of each Fund.
VAN WAGONER FUNDS, INC.
FORM N-SAR
Report for the Six Months ending June 30, 1996
Item 77J - Revaluation of Assets or Restatement of Capital Share
Accounts
In accordance with the provisions of Statement of Position 93-2,
"Determination, Disclosure and Financial Statement Presentation
of Income, Capital Gain and Return of Capital Distributions by
Investment Companies," the Funds are required to report the
accumulated net investment income (loss) and accumulated net
capital gain (loss) accounts to approximate amounts available for
future distributions on a tax basis (or to offset future realized
capital gains). Accordingly, reclassifications were recorded to
increase undistributed net investment income and decrease paid-in
capital in excess of par by $1,336,120, $3,520 and $66,769 for
the Emerging Growth, Micro-Cap and Mid-Cap Funds, respectively.
These reclassifications have no impact on the net asset values of
the Funds and are designed to present the Funds' capital accounts
on a tax basis.
