<PAGE> PAGE 1
000 A000000 06/30/97
000 C000000 1016510
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 COLUMBIA SMALL CAP FUND, INC.
001 B000000 811-7671
001 C000000 5032223600
002 A000000 1301 SW FIFTH AVENUE
002 B000000 PORTLAND
002 C000000 OR
002 D010000 97201
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
020 A000001 INSTINET CORP.
020 B000001 133443395
020 C000001 8
020 A000002 AUTRANET, INC.
020 B000002 132961507
020 C000002 8
020 A000003 MONTGOMERY SECURITIES
020 B000003 941701676
020 C000003 7
020 A000004 WEEDEN & CO.
020 B000004 133364318
020 C000004 5
020 A000005 MORGAN STANLEY & CO.
020 B000005 132655998
020 C000005 5
020 A000006 FIRST BOSTON CORP.
020 B000006 135659485
020 C000006 4
020 A000007 LEHMAN BROTHERS
020 B000007 132518466
020 C000007 4
020 A000008 BROWN (ALEX) & SONS
020 B000008 521319768
020 C000008 4
020 A000009 COUNTY NATWEST GOVERNMENT
020 B000009 133312778
020 C000009 4
020 A000010 MERRILL LYNCH, PIERCE
020 B000010 135674085
<PAGE> PAGE 2
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022 C000002 2660
022 D000002 1451
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022 B000003 941701676
022 C000003 2179
022 D000003 880
022 A000004 HERZOG, HEINE, GEDULD, INC.
022 B000004 131955436
022 C000004 1891
022 D000004 1088
022 A000005 SHERWOOD SECURITIES GROUP
022 B000005 132616318
022 C000005 2557
022 D000005 264
022 A000006 LEHMAN BROTHERS
022 B000006 132518466
022 C000006 1062
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022 C000007 1971
022 D000007 207
022 A000008 BROWN (ALEX) & SONS, INC.
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022 C000008 1206
022 D000008 779
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022 B000009 133082694
022 C000009 750
022 D000009 858
022 A000010 BAIRD (ROBERT W.) & CO.
022 B000010 396037917
022 C000010 1292
022 D000010 277
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<PAGE> PAGE 3
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<PAGE> PAGE 5
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SIGNATURE GEORGE HANSETH
TITLE SR. VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED SEMI-ANNUAL REPORT OF THE COLUMBIA FUNDS DATED JUNE 30, 1997,
AND THE AUDITED ANNUAL REPORT OF THE COLUMBIA FUNDS DATED DECEMBER 31,
1996, AND IS QUALIFIED IN ITS ENTIRETY BE REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<CIK> 0001016510
<NAME> COLUMBIA SMALL CAP FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 37,284,985
<INVESTMENTS-AT-VALUE> 43,642,003
<RECEIVABLES> 1,152,174
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,035,675
<TOTAL-ASSETS> 45,829,852
<PAYABLE-FOR-SECURITIES> 2,352,162
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 98,089
<TOTAL-LIABILITIES> 2,450,251
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 37,546,878
<SHARES-COMMON-STOCK> 2,935,845
<SHARES-COMMON-PRIOR> 1,620,781
<ACCUMULATED-NII-CURRENT> (83,916)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (353,196)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,269,835
<NET-ASSETS> 43,379,601
<DIVIDEND-INCOME> 44,403
<INTEREST-INCOME> 122,017
<OTHER-INCOME> 0
<EXPENSES-NET> 250,210
<NET-INVESTMENT-INCOME> (83,790)
<REALIZED-GAINS-CURRENT> (77,400)
<APPREC-INCREASE-CURRENT> 4,781,082
<NET-CHANGE-FROM-OPS> 4,619,892
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,953,460
<NUMBER-OF-SHARES-REDEEMED> 638,396
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 22,318,231
<ACCUMULATED-NII-PRIOR> (126)
<ACCUMULATED-GAINS-PRIOR> (275,796)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 169,318
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 250,210
<AVERAGE-NET-ASSETS> 33,698,114
<PER-SHARE-NAV-BEGIN> 12.99
<PER-SHARE-NII> (.03)
<PER-SHARE-GAIN-APPREC> 1.82
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</TABLE>
