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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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066 C000500 Y
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<PAGE> PAGE 24
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
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070 A020500 Y
070 B010500 Y
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070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
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
062 O000600 0.0
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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
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<TABLE> <S> <C>
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<CIK> 0001002556
<NAME> VAN WAGONER FUNDS INC
<SERIES>
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</TABLE>
<TABLE> <S> <C>
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<CIK> 0001002556
<NAME> VAN WAGONER FUNDS INC
<SERIES>
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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> 12-MOS
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<TABLE> <S> <C>
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<CIK> 0001002556
<NAME> VAN WAGONER FUNDS INC
<SERIES>
<NUMBER> 5
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<NET-INVESTMENT-INCOME> (15,549)
<REALIZED-GAINS-CURRENT> (53,771)
<APPREC-INCREASE-CURRENT> 63,809
<NET-CHANGE-FROM-OPS> (5,511)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 124,722
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 18,899
<NET-CHANGE-IN-ASSETS> 1,304,349
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 14,327
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 135,055
<AVERAGE-NET-ASSETS> 1,146,370
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.11)
<PER-SHARE-GAIN-APPREC> .54
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.35)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.08
<EXPENSE-RATIO> 1.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001002556
<NAME> VAN WAGONER FUNDS INC
<SERIES>
<NUMBER> 6
<NAME> GROWTH FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 1,762,163
<INVESTMENTS-AT-VALUE> 1,844,739
<RECEIVABLES> 9,062
<ASSETS-OTHER> 3,094
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,856,895
<PAYABLE-FOR-SECURITIES> 514,219
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 20,096
<TOTAL-LIABILITIES> 534,315
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,431,978
<SHARES-COMMON-STOCK> 138,071
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (69,856)
<OVERDISTRIBUTION-GAINS> (122,118)
<ACCUM-APPREC-OR-DEPREC> 82,576
<NET-ASSETS> 1,322,580
<DIVIDEND-INCOME> 644
<INTEREST-INCOME> 5,654
<OTHER-INCOME> 0
<EXPENSES-NET> (22,183)
<NET-INVESTMENT-INCOME> (15,885)
<REALIZED-GAINS-CURRENT> (53,971)
<APPREC-INCREASE-CURRENT> 82,576
<NET-CHANGE-FROM-OPS> 12,720
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 125,094
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 12,977
<NET-CHANGE-IN-ASSETS> 1,322,580
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11,376
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 131,958
<AVERAGE-NET-ASSETS> 1,137,784
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.12)
<PER-SHARE-GAIN-APPREC> 0.68
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.98)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.58
<EXPENSE-RATIO> 1.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
VAN WAGONER FUNDS, INC.
FORM N-SAR
Report for the Period Ending December 31, 1997
Item 77B - Accountant's Report on Internal Control
To the Shareholders and Board of Directors of Van Wagoner Funds, Inc.
In planning and performing our audit of the financial statements of each of
the six portfolios comprising Van Wagoner Funds, Inc. (the "Funds") for
the year ended December 31, 1997, we considered its internal control,
including control activities for safeguarding securities, in order to
determine our auditing procedures for the purposes of expressing our
opinion on the financial statements and to comply with the requirements of
Form N-SAR, not to provide assurance on internal control.
The management of the Funds is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and
related costs of control activities. Generally, control activities that are
relevant to an audit pertain to the entity's objective of preparing
financial statements for external purposes that are fairly presented in
conformity with generally accepted accounting principles. Those control
activities include the safeguarding of assets against unauthorized
acquisition, use, or disposition.
Because of inherent limitations in internal control, errors or
irregularities may occur and not be detected. Also, projection of any
evaluation of internal control to future periods is subject to the risk
that it may become inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.
Our consideration of internal control would not necessarily disclose all
matters in internal control that might be material weaknesses under
standards established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the design or
operation of any specific internal control component does not reduce to a
relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no
matters involving internal control, including controls over safeguarding
securities, that we consider to be material weaknesses as defined above as
of December 31, 1997.
This report is intended solely for the information and use of management
and the Board of Directors of Van Wagoner Funds, Inc. and the Securities
and Exchange Commission.
/s/ Price Waterhouse LLP
Price Waterhouse LLP
Milwaukee, Wisconsin
January 28, 1998
VAN WAGONER FUNDS, INC.
FORM N-SAR
Report for the Period Ending December 31, 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 $7,822,156, $1,871,886, $1,520,786,
and $357,869 for the Micro-Cap, Emerging Growth, Mid-Cap, and
Post-Venture Funds, respectively, and to increase undistributed
net investment income and decrease accumulated net realized loss
on investments by $15,549 and $15,885 for the 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.
