<PAGE> PAGE 1
000 B000000 07/31/95
000 C000000 102401
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 USAA MUTUAL FUND, INC.
001 B000000 811-2429
001 C000000 2104984876
002 A000000 10750 ROBERT F. MCDERMOTT FREEWAY
002 B000000 SAN ANTONIO
002 C000000 TX
002 D010000 78288
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 7
007 C010100 1
007 C020100 GROWTH FUND
007 C030100 N
007 C010200 2
007 C020200 AGGRESSIVE GROWTH FUND
007 C030200 N
007 C010300 3
007 C020300 INCOME FUND
007 C030300 N
007 C010400 4
007 C020400 MONEY MARKET FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C020600 INCOME STOCK FUND
007 C030600 N
007 C010700 7
007 C020700 GROWTH & INCOME FUND
007 C030700 N
007 C010800 8
007 C020800 SHORT-TERM BOND FUND
007 C030800 N
007 C010900 9
007 C011000 10
008 A00AA01 USAA INVESTMENT MANAGEMENT COMPANY
008 B00AA01 A
008 C00AA01 801-34462
008 D01AA01 SAN ANTONIO
008 D02AA01 TX
<PAGE> PAGE 2
008 D03AA01 78288
011 A00AA01 USAA INVESTMENT MANAGEMENT COMPANY
011 B00AA01 8-41241
011 C01AA01 SAN ANTONIO
011 C02AA01 TX
011 C03AA01 78288
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 SAN ANTONIO
013 B02AA01 TX
013 B03AA01 78205
013 B04AA01 1505
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02105
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 29
019 C00AA00 USAAINVMCO
020 A000001 CS FIRST BOSTON CORP.
020 B000001 13-5659485
020 C000001 292
020 A000002 CJ LAWRENCE/DEUTSCHE BANK SECURITIES CORP.
020 B000002 13-2730828
020 C000002 225
020 A000003 BRIDGE TRADING COMPANY
020 B000003 43-1450530
020 C000003 203
020 A000004 PAINE WEBBER, INC.
020 B000004 13-2638166
020 C000004 200
020 A000005 BERNSTEIN (SANFORD C.) & CO., INC.
020 B000005 13-2625874
020 C000005 194
020 A000006 USAA BROKERAGE SERVICES
020 B000006 74-1664189
020 C000006 180
020 A000007 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000007 13-2741729
020 C000007 143
020 A000008 NAT WEST SECURITIES CORP.
020 B000008 ---------
020 C000008 139
020 A000009 GOLDMAN SACHS & COMPANY
020 B000009 13-5108880
020 C000009 138
020 A000010 MORGAN STANLEY & CO., INC.
020 B000010 13-2655998
020 C000010 138
<PAGE> PAGE 3
021 000000 3281
022 A000001 GOLDMAN, SACHS & COMPANY
022 B000001 13-5108880
022 C000001 3523824
022 D000001 44603
022 A000002 GENERAL MOTORS ACCEPTANCE CORP
022 B000002 38-0572512
022 C000002 1476425
022 D000002 57055
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000003 13-5674085
022 C000003 1270583
022 D000003 60549
022 A000004 AMERICAN GENERAL FINANCE
022 B000004 76-0050868
022 C000004 1318037
022 D000004 850
022 A000005 PRUDENTIAL FUNDING CORP.
022 B000005 22-2231168
022 C000005 1013055
022 D000005 315
022 A000006 LEHMAN BROTHERS, INC.
022 B000006 13-2518466
022 C000006 941131
022 D000006 8744
022 A000007 FIRST CHICAGO CAPITAL MARKETS, INC.
022 B000007 36-3595942
022 C000007 716254
022 D000007 10610
022 A000008 MORGAN STANLEY & CO., INC.
022 B000008 13-2655998
022 C000008 596649
022 D000008 101577
022 A000009 FORD MOTOR CREDIT COMPANY
022 B000009 38-1612444
022 C000009 687990
022 D000009 568
022 A000010 COMMERCIAL CREDIT CO.
022 B000010 52-0883351
022 C000010 660388
022 D000010 3920
023 C000000 19430515
023 D000000 986724
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
<PAGE> PAGE 4
026 H000000 N
034 00AA00 N
035 00AA00 0
036 B00AA00 0
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
077 A000000 Y
077 B000000 Y
078 000000 N
080 A00AA00 AETNA CASUALTY & SURETY COMPANY
080 C00AA00 25000
081 A00AA00 Y
081 B00AA00 27
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
<PAGE> PAGE 5
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
025 D000101 0
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 18643
028 A020100 1
028 A030100 0
028 A040100 6307
028 B010100 23111
028 B020100 0
028 B030100 0
028 B040100 8690
028 C010100 29219
028 C020100 0
028 C030100 0
028 C040100 9129
028 D010100 23284
028 D020100 0
028 D030100 0
028 D040100 10025
028 E010100 22351
028 E020100 0
028 E030100 0
028 E040100 10647
028 F010100 20960
028 F020100 0
028 F030100 0
028 F040100 11663
028 G010100 137568
028 G020100 1
028 G030100 0
028 G040100 56461
028 H000100 0
<PAGE> PAGE 6
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
070 A010100 N
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
<PAGE> PAGE 7
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 635795
071 B000100 511038
071 C000100 733850
071 D000100 70
072 A000100 12
072 B000100 1595
072 C000100 18465
072 D000100 0
072 E000100 0
072 F000100 5642
072 G000100 0
072 H000100 0
072 I000100 1582
072 J000100 134
072 K000100 209
072 L000100 63
072 M000100 3
072 N000100 115
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 30
072 S000100 5
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 32
072 X000100 7815
072 Y000100 0
072 Z000100 12245
072AA000100 48004
072BB000100 0
072CC010100 118291
072CC020100 0
072DD010100 10408
072DD020100 0
072EE000100 90772
073 A010100 0.2700
073 A020100 0.0000
073 B000100 2.5100
073 C000100 0.0000
074 A000100 655
074 B000100 0
074 C000100 16896
074 D000100 0
074 E000100 0
074 F000100 904996
074 G000100 0
<PAGE> PAGE 8
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 1580
074 M000100 0
074 N000100 924127
074 O000100 0
074 P000100 743
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 563
074 S000100 0
074 T000100 922821
074 U010100 48416
074 U020100 0
074 V010100 19.06
074 V020100 0.00
074 W000100 0.0000
074 X000100 80406
074 Y000100 0
075 A000100 0
075 B000100 753215
076 000100 0.00
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 4021
028 A020200 1
028 A030200 0
028 A040200 4401
028 B010200 5178
028 B020200 0
028 B030200 0
028 B040200 7229
028 C010200 6770
028 C020200 0
028 C030200 0
028 C040200 6310
028 D010200 5163
028 D020200 0
028 D030200 0
028 D040200 6497
028 E010200 11685
<PAGE> PAGE 9
028 E020200 1
028 E030200 0
028 E040200 14403
028 F010200 12269
028 F020200 0
028 F030200 0
028 F040200 13603
028 G010200 45086
028 G020200 2
028 G030200 0
028 G040200 52443
028 H000200 0
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
<PAGE> PAGE 10
070 K020200 Y
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 N
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 374282
071 B000200 373398
071 C000200 269960
071 D000200 138
072 A000200 12
072 B000200 1075
072 C000200 581
072 D000200 0
072 E000200 0
072 F000200 1344
072 G000200 0
072 H000200 0
072 I000200 731
072 J000200 135
072 K000200 102
072 L000200 41
072 M000200 3
072 N000200 38
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 30
072 S000200 5
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 27
072 X000200 2456
072 Y000200 0
072 Z000200 -800
072AA000200 22333
072BB000200 0
072CC010200 101239
072CC020200 0
072DD010200 0
072DD020200 0
<PAGE> PAGE 11
072EE000200 22048
073 A010200 0.0000
073 A020200 0.0000
073 B000200 1.5500
073 C000200 0.0000
074 A000200 467
074 B000200 0
074 C000200 20144
074 D000200 0
074 E000200 0
074 F000200 349711
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 2054
074 K000200 0
074 L000200 492
074 M000200 0
074 N000200 372868
074 O000200 7139
074 P000200 197
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 2142
074 S000200 0
074 T000200 363390
074 U010200 14840
074 U020200 0
074 V010200 24.49
074 V020200 0.00
074 W000200 0.0000
074 X000200 33309
074 Y000200 0
075 A000200 0
075 B000200 289233
076 000200 0.00
025 D000301 0
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 15448
028 A020300 8102
028 A030300 0
028 A040300 19007
028 B010300 13269
<PAGE> PAGE 12
028 B020300 9259
028 B030300 0
028 B040300 21749
028 C010300 12970
028 C020300 6964
028 C030300 0
028 C040300 16906
028 D010300 28255
028 D020300 8204
028 D030300 0
028 D040300 24043
028 E010300 12592
028 E020300 9374
028 E030300 0
028 E040300 21089
028 F010300 16535
028 F020300 7038
028 F030300 0
028 F040300 22206
028 G010300 99069
028 G020300 48941
028 G030300 0
028 G040300 125000
028 H000300 0
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 12.0
062 N000300 72.0
062 O000300 0.0
062 P000300 1.0
062 Q000300 0.0
062 R000300 15.0
063 A000300 0
063 B000300 11.1
064 A000300 N
064 B000300 N
071 A000300 512337
071 B000300 512255
071 C000300 1660004
071 D000300 31
072 A000300 12
<PAGE> PAGE 13
072 B000300 110422
072 C000300 18581
072 D000300 0
072 E000300 0
072 F000300 4033
072 G000300 0
072 H000300 0
072 I000300 2073
072 J000300 325
072 K000300 191
072 L000300 82
072 M000300 3
072 N000300 87
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 30
072 S000300 5
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 63
072 X000300 6892
072 Y000300 0
072 Z000300 122111
072AA000300 0
072BB000300 204
072CC010300 62076
072CC020300 0
072DD010300 122518
072DD020300 0
072EE000300 0
073 A010300 0.8500
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 848
074 B000300 0
074 C000300 7335
074 D000300 1485127
074 E000300 0
074 F000300 242361
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 31621
074 K000300 0
074 L000300 17144
074 M000300 0
074 N000300 1784436
074 O000300 26803
<PAGE> PAGE 14
074 P000300 550
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 1912
074 S000300 0
074 T000300 1755171
074 U010300 144914
074 U020300 0
074 V010300 12.11
074 V020300 0.00
074 W000300 0.0000
074 X000300 81635
074 Y000300 0
075 A000300 0
075 B000300 1685497
076 000300 0.00
025 D000401 0
025 D000402 0
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 160719
028 A020400 5811
028 A030400 0
028 A040400 135915
028 B010400 175749
028 B020400 6528
028 B030400 0
028 B040400 150659
028 C010400 145049
028 C020400 5984
028 C030400 0
028 C040400 150863
028 D010400 171391
028 D020400 7065
028 D030400 0
028 D040400 148117
028 E010400 207762
028 E020400 6612
028 E030400 0
028 E040400 153661
028 F010400 186737
028 F020400 6985
028 F030400 0
028 F040400 146877
028 G010400 1047407
<PAGE> PAGE 15
028 G020400 38985
028 G030400 0
028 G040400 886092
028 H000400 0
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 Y
053 B000400 Y
053 C000400 N
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 6.0
062 G000400 0.0
062 H000400 0.0
062 I000400 37.0
062 J000400 0.0
062 K000400 0.0
062 L000400 57.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 58
063 B000400 0.0
064 A000400 Y
064 B000400 N
070 A010400 Y
070 A020400 Y
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
<PAGE> PAGE 16
070 J010400 Y
070 J020400 Y
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
072 A000400 12
072 B000400 74774
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 3056
072 G000400 0
072 H000400 0
072 I000400 1590
072 J000400 385
072 K000400 322
072 L000400 191
072 M000400 3
072 N000400 251
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 28
072 S000400 5
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 47
072 X000400 5878
072 Y000400 154
072 Z000400 69050
072AA000400 0
072BB000400 0
072CC010400 0
<PAGE> PAGE 17
072CC020400 0
072DD010400 69050
072DD020400 0
072EE000400 0
073 A010400 0.0536
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 9956
074 B000400 0
074 C000400 1527743
074 D000400 0
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 11181
074 M000400 0
074 N000400 1548880
074 O000400 0
074 P000400 394
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 8431
074 S000400 0
074 T000400 1540055
074 U010400 1540055
074 U020400 0
074 V010400 1.00
074 V020400 0.00
074 W000400 0.9996
074 X000400 104499
074 Y000400 0
075 A000400 1272755
075 B000400 0
076 000400 0.00
025 D000601 0
025 D000602 0
025 D000603 0
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
025 D000608 0
028 A010600 18469
028 A020600 0
<PAGE> PAGE 18
028 A030600 0
028 A040600 14462
028 B010600 21749
028 B020600 15663
028 B030600 0
028 B040600 19158
028 C010600 24119
028 C020600 0
028 C030600 0
028 C040600 17432
028 D010600 22249
028 D020600 0
028 D030600 0
028 D040600 18121
028 E010600 24647
028 E020600 16928
028 E030600 0
028 E040600 15302
028 F010600 22719
028 F020600 2
028 F030600 0
028 F040600 16639
028 G010600 133952
028 G020600 32593
028 G030600 0
028 G040600 101114
028 H000600 0
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 N
070 C020600 N
<PAGE> PAGE 19
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 N
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 N
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 511921
071 B000600 430784
071 C000600 1233057
071 D000600 35
072 A000600 12
072 B000600 2337
072 C000600 73845
072 D000600 0
072 E000600 0
072 F000600 6262
072 G000600 0
072 H000600 0
072 I000600 2333
072 J000600 190
072 K000600 300
072 L000600 102
072 M000600 3
072 N000600 90
072 O000600 0
072 P000600 0
072 Q000600 0
<PAGE> PAGE 20
072 R000600 30
072 S000600 5
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 42
072 X000600 9357
072 Y000600 0
072 Z000600 66825
072AA000600 23904
072BB000600 0
072CC010600 129417
072CC020600 0
072DD010600 67497
072DD020600 0
072EE000600 19454
073 A010600 0.7500
073 A020600 0.0000
073 B000600 0.2200
073 C000600 0.0000
074 A000600 621
074 B000600 0
074 C000600 19589
074 D000600 50990
074 E000600 251037
074 F000600 1078198
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 5786
074 K000600 0
074 L000600 4478
074 M000600 0
074 N000600 1410699
074 O000600 661
074 P000600 808
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 859
074 S000600 0
074 T000600 1408371
074 U010600 94114
074 U020600 0
074 V010600 14.96
074 V020600 0.00
074 W000600 0.0000
074 X000600 103784
074 Y000600 0
075 A000600 0
<PAGE> PAGE 21
075 B000600 1256464
076 000600 0.00
024 000700 N
025 A000701 DELETE
025 D000701 0
025 D000702 0
025 D000703 0
025 D000704 0
025 D000705 0
025 D000706 0
025 D000707 0
025 D000708 0
028 A010700 4999
028 A020700 2
028 A030700 0
028 A040700 2802
028 B010700 5404
028 B020700 894
028 B030700 0
028 B040700 2898
028 C010700 7312
028 C020700 0
028 C030700 0
028 C040700 3712
028 D010700 6767
028 D020700 0
028 D030700 0
028 D040700 3014
028 E010700 7456
028 E020700 803
028 E030700 0
028 E040700 2272
028 F010700 9606
028 F020700 1
028 F030700 0
028 F040700 3547
028 G010700 41544
028 G020700 1700
028 G030700 0
028 G040700 18245
028 H000700 0
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
<PAGE> PAGE 22
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
070 A010700 Y
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 N
070 M020700 N
070 N010700 N
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 75748
071 B000700 30316
071 C000700 155869
071 D000700 19
072 A000700 12
072 B000700 439
072 C000700 4792
<PAGE> PAGE 23
072 D000700 0
072 E000700 0
072 F000700 977
072 G000700 0
072 H000700 0
072 I000700 412
072 J000700 73
072 K000700 60
072 L000700 22
072 M000700 3
072 N000700 47
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 32
072 S000700 5
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 8
072 X000700 1639
072 Y000700 0
072 Z000700 3592
072AA000700 3109
072BB000700 0
072CC010700 25689
072CC020700 0
072DD010700 3472
072DD020700 0
072EE000700 1568
073 A010700 0.2300
073 A020700 0.0000
073 B000700 0.1100
073 C000700 0.0000
074 A000700 277
074 B000700 0
074 C000700 8434
074 D000700 0
074 E000700 3234
074 F000700 198332
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 607
074 M000700 0
074 N000700 210884
074 O000700 2019
074 P000700 147
074 Q000700 0
<PAGE> PAGE 24
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 228
074 S000700 0
074 T000700 208490
074 U010700 17271
074 U020700 0
074 V010700 12.07
074 V020700 0.00
074 W000700 0.0000
074 X000700 21083
074 Y000700 0
075 A000700 0
075 B000700 163384
076 000700 0.00
025 D000801 0
025 D000802 0
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
028 A010800 5718
028 A020800 258
028 A030800 0
028 A040800 1965
028 B010800 5753
028 B020800 285
028 B030800 0
028 B040800 3517
028 C010800 7479
028 C020800 275
028 C030800 0
028 C040800 3085
028 D010800 6946
028 D020800 331
028 D030800 0
028 D040800 3402
028 E010800 8053
028 E020800 337
028 E030800 0
028 E040800 3795
028 F010800 5899
028 F020800 352
028 F030800 0
028 F040800 3590
028 G010800 39848
028 G020800 1838
028 G030800 0
<PAGE> PAGE 25
028 G040800 19354
028 H000800 0
062 A000800 Y
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 4.0
062 J000800 0.0
062 K000800 0.0
062 L000800 40.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 56.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 0
063 B000800 2.8
064 A000800 Y
064 B000800 N
071 A000800 85652
071 B000800 53552
071 C000800 51983
071 D000800 103
072 A000800 12
072 B000800 3899
072 C000800 0
072 D000800 0
072 E000800 0
072 F000800 137
072 G000800 0
072 H000800 0
072 I000800 124
072 J000800 53
072 K000800 18
072 L000800 10
072 M000800 3
072 N000800 40
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 26
072 S000800 5
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 6
<PAGE> PAGE 26
072 X000800 422
072 Y000800 136
072 Z000800 3613
072AA000800 0
072BB000800 205
072CC010800 1174
072CC020800 0
072DD010800 3613
072DD020800 0
072EE000800 0
073 A010800 0.6107
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 347
074 B000800 0
074 C000800 32866
074 D000800 42112
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 1279
074 M000800 0
074 N000800 76604
074 O000800 0
074 P000800 14
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 400
074 S000800 0
074 T000800 76190
074 U010800 7722
074 U020800 0
074 V010800 9.87
074 V020800 0.00
074 W000800 0.0000
074 X000800 5596
074 Y000800 0
075 A000800 0
075 B000800 57217
076 000800 0.00
SIGNATURE ALEX M. CICCONE
TITLE ASSISTANT SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000102401
<NAME> USAA MUTUAL FUND, INC.
<SERIES>
<NUMBER> 1
<NAME> GROWTH FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1995
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 812,182
<INVESTMENTS-AT-VALUE> 921,892
<RECEIVABLES> 1,580
<ASSETS-OTHER> 655
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 924,127
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,306
<TOTAL-LIABILITIES> 1,306
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 769,679
<SHARES-COMMON-STOCK> 48,416
<SHARES-COMMON-PRIOR> 35,101
<ACCUMULATED-NII-CURRENT> 7,433
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 35,999
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 109,710
<NET-ASSETS> 922,821
<DIVIDEND-INCOME> 18,465
<INTEREST-INCOME> 1,595
<OTHER-INCOME> 0
<EXPENSES-NET> 7,815
<NET-INVESTMENT-INCOME> 12,245
<REALIZED-GAINS-CURRENT> 48,004
<APPREC-INCREASE-CURRENT> 118,291
<NET-CHANGE-FROM-OPS> 178,540
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 10,408
<DISTRIBUTIONS-OF-GAINS> 90,772
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 235,002
<NUMBER-OF-SHARES-REDEEMED> 107,994
<SHARES-REINVESTED> 99,768
<NET-CHANGE-IN-ASSETS> 304,136
<ACCUMULATED-NII-PRIOR> 5,596
<ACCUMULATED-GAINS-PRIOR> 78,767
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,642
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,815
<AVERAGE-NET-ASSETS> 753,215
<PER-SHARE-NAV-BEGIN> 17.63
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> 3.95
<PER-SHARE-DIVIDEND> (0.27)
<PER-SHARE-DISTRIBUTIONS> (2.51)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 19.06
<EXPENSE-RATIO> 1.04
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000102401
<NAME> USAA MUTUAL FUND, INC.
<SERIES>
<NUMBER> 2
<NAME> AGGRESSIVE GROWTH FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1995
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 260,820
<INVESTMENTS-AT-VALUE> 369,855
<RECEIVABLES> 2,546
<ASSETS-OTHER> 467
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 372,868
<PAYABLE-FOR-SECURITIES> 7,139
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,339
<TOTAL-LIABILITIES> 9,478
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 241,709
<SHARES-COMMON-STOCK> 14,840
<SHARES-COMMON-PRIOR> 14,031
<ACCUMULATED-NII-CURRENT> (5)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12,651
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 109,035
<NET-ASSETS> 363,390
<DIVIDEND-INCOME> 581
<INTEREST-INCOME> 1,075
<OTHER-INCOME> 0
<EXPENSES-NET> 2,456
<NET-INVESTMENT-INCOME> (800)
<REALIZED-GAINS-CURRENT> 22,333
<APPREC-INCREASE-CURRENT> 101,239
<NET-CHANGE-FROM-OPS> 122,772
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 22,048
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 85,382
<NUMBER-OF-SHARES-REDEEMED> 93,573
<SHARES-REINVESTED> 21,904
<NET-CHANGE-IN-ASSETS> 114,437
<ACCUMULATED-NII-PRIOR> (5)
<ACCUMULATED-GAINS-PRIOR> 13,166
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,344
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,456
<AVERAGE-NET-ASSETS> 289,233
<PER-SHARE-NAV-BEGIN> 17.74
<PER-SHARE-NII> (0.05)
<PER-SHARE-GAIN-APPREC> 8.35
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.55)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 24.49
<EXPENSE-RATIO> 0.86
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000102401
<NAME> USAA MUTUAL FUND, INC.
<SERIES>
<NUMBER> 3
<NAME> INCOME FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1995
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 1,745,901
<INVESTMENTS-AT-VALUE> 1,734,823
<RECEIVABLES> 48,765
<ASSETS-OTHER> 848
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,784,436
<PAYABLE-FOR-SECURITIES> 26,803
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,462
<TOTAL-LIABILITIES> 29,265
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,764,184
<SHARES-COMMON-STOCK> 144,914
<SHARES-COMMON-PRIOR> 147,247
<ACCUMULATED-NII-CURRENT> 2,021
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 44
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (11,078)
<NET-ASSETS> 1,755,171
<DIVIDEND-INCOME> 18,581
<INTEREST-INCOME> 110,422
<OTHER-INCOME> 0
<EXPENSES-NET> 6,892
<NET-INVESTMENT-INCOME> 122,111
<REALIZED-GAINS-CURRENT> (204)
<APPREC-INCREASE-CURRENT> 62,076
<NET-CHANGE-FROM-OPS> 183,983
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 122,518
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 200,959
<NUMBER-OF-SHARES-REDEEMED> 325,567
<SHARES-REINVESTED> 99,380
<NET-CHANGE-IN-ASSETS> 36,237
<ACCUMULATED-NII-PRIOR> 2,428
<ACCUMULATED-GAINS-PRIOR> 248
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,033
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,892
<AVERAGE-NET-ASSETS> 1,685,497
<PER-SHARE-NAV-BEGIN> 11.67
<PER-SHARE-NII> 0.84
<PER-SHARE-GAIN-APPREC> 0.45
<PER-SHARE-DIVIDEND> (0.85)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.11
<EXPENSE-RATIO> 0.41
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000102401
<NAME> USAA MUTUAL FUND, INC.
<SERIES>
<NUMBER> 4
<NAME> MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1995
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 1,527,743
<INVESTMENTS-AT-VALUE> 1,527,743
<RECEIVABLES> 11,181
<ASSETS-OTHER> 9,956
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,548,880
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8,825
<TOTAL-LIABILITIES> 8,825
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,540,055
<SHARES-COMMON-STOCK> 1,540,055
<SHARES-COMMON-PRIOR> 1,006,020
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,540,055
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 74,774
<OTHER-INCOME> 0
<EXPENSES-NET> 5,724
<NET-INVESTMENT-INCOME> 69,050
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 69,050
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 69,050
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,059,833
<NUMBER-OF-SHARES-REDEEMED> 1,592,204
<SHARES-REINVESTED> 66,406
<NET-CHANGE-IN-ASSETS> 534,035
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,056
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,878
<AVERAGE-NET-ASSETS> 1,272,585
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000102401
<NAME> USAA MUTUAL FUND, INC.
<SERIES>
<NUMBER> 6
<NAME> INCOME STOCK FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1995
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 1,284,528
<INVESTMENTS-AT-VALUE> 1,399,814
<RECEIVABLES> 10,264
<ASSETS-OTHER> 621
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,410,699
<PAYABLE-FOR-SECURITIES> 661
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,667
<TOTAL-LIABILITIES> 2,328
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,269,689
<SHARES-COMMON-STOCK> 94,114
<SHARES-COMMON-PRIOR> 88,121
<ACCUMULATED-NII-CURRENT> 2,689
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,707
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 115,286
<NET-ASSETS> 1,408,371
<DIVIDEND-INCOME> 73,845
<INTEREST-INCOME> 2,337
<OTHER-INCOME> 0
<EXPENSES-NET> 9,357
<NET-INVESTMENT-INCOME> 66,825
<REALIZED-GAINS-CURRENT> 23,904
<APPREC-INCREASE-CURRENT> 129,417
<NET-CHANGE-FROM-OPS> 220,146
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 67,497
<DISTRIBUTIONS-OF-GAINS> 19,454
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 236,760
<NUMBER-OF-SHARES-REDEEMED> 231,854
<SHARES-REINVESTED> 80,246
<NET-CHANGE-IN-ASSETS> 218,347
<ACCUMULATED-NII-PRIOR> 3,361
<ACCUMULATED-GAINS-PRIOR> 16,257
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,262
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,357
<AVERAGE-NET-ASSETS> 1,256,464
<PER-SHARE-NAV-BEGIN> 13.50
<PER-SHARE-NII> 0.74
<PER-SHARE-GAIN-APPREC> 1.69
<PER-SHARE-DIVIDEND> (0.75)
<PER-SHARE-DISTRIBUTIONS> (0.22)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.96
<EXPENSE-RATIO> 0.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000102401
<NAME> USAA MUTUAL FUND, INC.
<SERIES>
<NUMBER> 7
<NAME> GROWTH & INCOME FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1995
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 181,811
<INVESTMENTS-AT-VALUE> 210,000
<RECEIVABLES> 607
<ASSETS-OTHER> 277
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 210,884
<PAYABLE-FOR-SECURITIES> 2,019
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 375
<TOTAL-LIABILITIES> 2,394
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 178,473
<SHARES-COMMON-STOCK> 17,271
<SHARES-COMMON-PRIOR> 12,999
<ACCUMULATED-NII-CURRENT> 236
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,592
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28,189
<NET-ASSETS> 208,490
<DIVIDEND-INCOME> 4,792
<INTEREST-INCOME> 439
<OTHER-INCOME> 0
<EXPENSES-NET> 1,639
<NET-INVESTMENT-INCOME> 3,592
<REALIZED-GAINS-CURRENT> 3,109
<APPREC-INCREASE-CURRENT> 25,689
<NET-CHANGE-FROM-OPS> 32,390
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,472
<DISTRIBUTIONS-OF-GAINS> 1,568
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 75,855
<NUMBER-OF-SHARES-REDEEMED> 34,219
<SHARES-REINVESTED> 4,882
<NET-CHANGE-IN-ASSETS> 73,868
<ACCUMULATED-NII-PRIOR> 116
<ACCUMULATED-GAINS-PRIOR> 51
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 977
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,639
<AVERAGE-NET-ASSETS> 163,384
<PER-SHARE-NAV-BEGIN> 10.36
<PER-SHARE-NII> 0.24
<PER-SHARE-GAIN-APPREC> 1.81
<PER-SHARE-DIVIDEND> (0.23)
<PER-SHARE-DISTRIBUTIONS> (0.11)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.07
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000102401
<NAME> USAA MUTUAL FUND, INC.
<SERIES>
<NUMBER> 8
<NAME> SHORT-TERM BOND FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1995
<PERIOD-END> JUL-31-1995
<INVESTMENTS-AT-COST> 74,984
<INVESTMENTS-AT-VALUE> 74,978
<RECEIVABLES> 1,279
<ASSETS-OTHER> 347
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 76,604
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 414
<TOTAL-LIABILITIES> 414
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 76,753
<SHARES-COMMON-STOCK> 7,722
<SHARES-COMMON-PRIOR> 4,949
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (557)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (6)
<NET-ASSETS> 76,190
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,899
<OTHER-INCOME> 0
<EXPENSES-NET> 286
<NET-INVESTMENT-INCOME> 3,613
<REALIZED-GAINS-CURRENT> (205)
<APPREC-INCREASE-CURRENT> 1,174
<NET-CHANGE-FROM-OPS> 4,582
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,613
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 61,901
<NUMBER-OF-SHARES-REDEEMED> 38,082
<SHARES-REINVESTED> 3,174
<NET-CHANGE-IN-ASSETS> 27,962
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (352)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 137
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 422
<AVERAGE-NET-ASSETS> 57,217
<PER-SHARE-NAV-BEGIN> 9.74
<PER-SHARE-NII> 0.61
<PER-SHARE-GAIN-APPREC> 0.13
<PER-SHARE-DIVIDEND> (0.61)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.87
<EXPENSE-RATIO> .50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>