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<PAGE> PAGE 10
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
048 J010500 0
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<PAGE> PAGE 24
070 E020500 N
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070 I020500 N
070 J010500 Y
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070 L020500 Y
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
070 A010600 Y
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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SIGNATURE PAUL J. SCHMANSKI
TITLE FINANCIAL ANALYST
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<CIK> 0001002556
<NAME> VAN WAGONER FUNDS INC
<SERIES>
<NUMBER> 1
<NAME> MICRO CAP FUND
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<NET-INVESTMENT-INCOME> (977,525)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001002556
<NAME> VAN WAGONER FUNDS INC
<SERIES>
<NUMBER> 2
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<ACCUMULATED-NET-GAINS> (204,048,778)
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<NET-INVESTMENT-INCOME> (3,933,247)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001002556
<NAME> VAN WAGONER FUNDS INC
<SERIES>
<NUMBER> 3
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001002556
<NAME> VAN WAGONER FUNDS INC
<SERIES>
<NUMBER> 4
<NAME> POST VENTURE FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
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<TABLE> <S> <C>
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<CIK> 0001002556
<NAME> VAN WAGONER FUNDS INC
<SERIES>
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 109,344
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,106,183
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,579
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 67,155
<AVERAGE-NET-ASSETS> 899,990
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.05)
<PER-SHARE-GAIN-APPREC> 0.17
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.12
<EXPENSE-RATIO> 1.95
<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> 6
<NAME> GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 911,188
<INVESTMENTS-AT-VALUE> 1,105,941
<RECEIVABLES> 23,686
<ASSETS-OTHER> 11,291
<OTHER-ITEMS-ASSETS> 21,000
<TOTAL-ASSETS> 1,161,918
<PAYABLE-FOR-SECURITIES> 39,948
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 17,140
<TOTAL-LIABILITIES> 57,088
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,104,300
<SHARES-COMMON-STOCK> 109,459
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (194,223)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 194,753
<NET-ASSETS> 1,104,830
<DIVIDEND-INCOME> 319
<INTEREST-INCOME> 2,811
<OTHER-INCOME> 0
<EXPENSES-NET> (8,690)
<NET-INVESTMENT-INCOME> (5,560)
<REALIZED-GAINS-CURRENT> (194,223)
<APPREC-INCREASE-CURRENT> 194,753
<NET-CHANGE-FROM-OPS> (5,030)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 109,459
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,104,830
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,456
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 66,039
<AVERAGE-NET-ASSETS> 898,696
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.05)
<PER-SHARE-GAIN-APPREC> 0.14
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.09
<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, 1997
Item 77I - Terms of New or Amended Securities
During the first six months of fiscal 1997, the Company commenced investment
operations of three additional portfolios, the Post-Venture Fund, the Capital
Appreciation Fund and the Growth Fund. Each of the Funds has one class of
shares with a par value of $0.0001. Each share represents a proportionate
interest in the particular Fund with each other share of its class and is
entitled to such dividends and distributions out of the income belonging to
the Fund as declared by the Directors. Shares of each of these classes bear
the expenses of the respective Fund, and do not have any preemptive or
conversion rights. Upon liquidation of a Fund, shareholders of a class are
entitled to share pro rata in the net assets belonging to that Fund available
for distribution.
VAN WAGONER FUNDS, INC.
FORM N-SAR
Report for the Six Months ending June 30, 1997
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 $977,525, $3,933,247, $768,820, $115,045, $5,579 and $5,559
for the Micro-Cap, Emerging Growth, Mid-Cap, Post-Venture, Capital
Appreciation and Growth 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.
