<PAGE> PAGE 1
000 A000000 01/31/96
000 C000000 0000102401
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
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 32
019 C00AA00 USAAINVMCO
020 A000001 PRUDENTIAL SECURITIES INCORPORATED
020 B000001 22-2347336
020 C000001 240
020 A000002 GOLDMAN, SACHS & COMPANY
020 B000002 13-5108880
020 C000002 186
020 A000003 BRIDGE TRADING COMPANY
020 B000003 43-1450530
020 C000003 177
020 A000004 LEHMAN BROTHERS, INC.
020 B000004 13-2518466
020 C000004 156
020 A000005 BERNSTEIN (SANFORD C.) & CO., INC.
020 B000005 13-2625874
020 C000005 126
020 A000006 PAINE WEBBER, INCORPORATED
020 B000006 13-2638166
020 C000006 122
020 A000007 CS FIRST BOSTON CORPORATION
020 B000007 13-5659485
020 C000007 105
020 A000008 BEAR, STEARNS & CO. INC.
020 B000008 13-3299429
020 C000008 99
020 A000009 FACTSET DATA SYSTEMS, INC.
020 B000009 13-2953224
020 C000009 80
020 A000010 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000010 13-2741729
020 C000010 76
021 000000 2026
022 A000001 GOLDMAN, SACHS & COMPANY
022 B000001 13-5108880
022 C000001 3043912
022 D000001 82401
022 A000002 PRUDENTIAL FUNDING CORP.
022 B000002 22-2231168
022 C000002 1769569
022 D000002 256
022 A000003 LEHMAN BROTHERS, INC.
022 B000003 13-2518466
022 C000003 895536
022 D000003 5919
022 A000004 COMMERCIAL CREDIT CO.
022 B000004 52-0883351
022 C000004 893058
<PAGE> PAGE 3
022 D000004 0
022 A000005 AMERICAN GENERAL SECURITIES INCORPORATED
022 B000005 76-0050868
022 C000005 890426
022 D000005 0
022 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000006 13-5674085
022 C000006 753335
022 D000006 129562
022 A000007 FIRST CHICAGO CAPITAL MARKETS, INC.
022 B000007 36-3595942
022 C000007 729480
022 D000007 0
022 A000008 GENERAL MOTORS ACCEPTANCE CORP.
022 B000008 38-0572512
022 C000008 727692
022 D000008 0
022 A000009 HELLER FINANCIAL, INC.
022 B000009 36-1208070
022 C000009 641671
022 D000009 0
022 A000010 FORD MOTOR CREDIT CO.
022 B000010 38-1612444
022 C000010 621035
022 D000010 0
023 C000000 13899859
023 D000000 1043225
077 A000000 Y
077 C000000 Y
077 D000000 Y
078 000000 N
028 A010100 21883
028 A020100 1
028 A030100 0
028 A040100 9005
028 B010100 26314
028 B020100 42587
028 B030100 0
028 B040100 9030
028 C010100 29348
028 C020100 2
028 C030100 0
028 C040100 13113
028 D010100 15136
028 D020100 12773
028 D030100 0
028 D040100 8394
028 E010100 22492
028 E020100 7693
028 E030100 0
028 E040100 9319
<PAGE> PAGE 4
028 F010100 26452
028 F020100 0
028 F030100 0
028 F040100 16669
028 G010100 141625
028 G020100 63056
028 G030100 0
028 G040100 65530
028 H000100 0
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 Y
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
<PAGE> PAGE 5
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
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 254669
071 B000100 178126
071 C000100 952695
071 D000100 19
072 A000100 6
072 B000100 1368
072 C000100 12113
072 D000100 0
072 E000100 0
072 F000100 3754
072 G000100 0
072 H000100 0
072 I000100 1046
072 J000100 79
072 K000100 125
072 L000100 48
072 M000100 2
072 N000100 59
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 15
072 S000100 2
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 16
072 X000100 5146
072 Y000100 0
072 Z000100 8335
072AA000100 40226
072BB000100 0
072CC010100 61592
072CC020100 0
072DD010100 15339
072DD020100 0
072EE000100 49084
073 A010100 0.2944
073 A020100 0.0000
<PAGE> PAGE 6
073 B000100 0.9736
073 C000100 0.0000
074 A000100 360
074 B000100 0
074 C000100 23914
074 D000100 0
074 E000100 0
074 F000100 1083334
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 1803
074 K000100 0
074 L000100 2141
074 M000100 0
074 N000100 1111552
074 O000100 2370
074 P000100 868
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 612
074 S000100 0
074 T000100 1107702
074 U010100 55813
074 U020100 0
074 V010100 19.85
074 V020100 0.00
074 W000100 0.0000
074 X000100 85877
074 Y000100 0
075 A000100 0
075 B000100 997506
076 000100 0.00
028 A010200 15244
028 A020200 0
028 A030200 0
028 A040200 10897
028 B010200 16147
028 B020200 12417
028 B030200 0
028 B040200 9751
028 C010200 15292
028 C020200 0
028 C030200 0
028 C040200 12435
028 D010200 16095
028 D020200 10589
028 D030200 0
028 D040200 6664
<PAGE> PAGE 7
028 E010200 23854
028 E020200 -1
028 E030200 0
028 E040200 15551
028 F010200 28041
028 F020200 0
028 F030200 0
028 F040200 16496
028 G010200 114673
028 G020200 23005
028 G030200 0
028 G040200 71794
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
<PAGE> PAGE 8
070 K010200 Y
070 K020200 N
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 151408
071 B000200 120389
071 C000200 389010
071 D000200 31
072 A000200 6
072 B000200 597
072 C000200 153
072 D000200 0
072 E000200 0
072 F000200 872
072 G000200 0
072 H000200 0
072 I000200 481
072 J000200 67
072 K000200 53
072 L000200 18
072 M000200 2
072 N000200 39
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 15
072 S000200 2
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 6
072 X000200 1555
072 Y000200 0
072 Z000200 -805
072AA000200 18407
072BB000200 0
072CC010200 29389
072CC020200 0
072DD010200 0
<PAGE> PAGE 9
072DD020200 0
072EE000200 25025
073 A010200 0.0000
073 A020200 0.0000
073 B000200 1.6100
073 C000200 0.0000
074 A000200 396
074 B000200 0
074 C000200 25931
074 D000200 0
074 E000200 0
074 F000200 428511
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 675
074 K000200 0
074 L000200 439
074 M000200 0
074 N000200 455952
074 O000200 3958
074 P000200 244
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 510
074 S000200 0
074 T000200 451240
074 U010200 17445
074 U020200 0
074 V010200 25.87
074 V020200 0.00
074 W000200 0.0000
074 X000200 41012
074 Y000200 0
075 A000200 0
075 B000200 407139
076 000200 0.00
028 A010300 13458
028 A020300 9374
028 A030300 0
028 A040300 23249
028 B010300 11585
028 B020300 8215
028 B030300 0
028 B040300 19971
028 C010300 14408
028 C020300 7063
028 C030300 0
028 C040300 16878
<PAGE> PAGE 10
028 D010300 12878
028 D020300 8256
028 D030300 0
028 D040300 18292
028 E010300 13977
028 E020300 9442
028 E030300 0
028 E040300 22051
028 F010300 22646
028 F020300 7120
028 F030300 0
028 F040300 21636
028 G010300 88952
028 G020300 49470
028 G030300 0
028 G040300 122077
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 1.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 40.0
062 N000300 46.0
062 O000300 0.0
062 P000300 1.0
062 Q000300 0.0
062 R000300 12.0
063 A000300 0
063 B000300 17.1
064 A000300 N
064 B000300 N
070 A010300 Y
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
<PAGE> PAGE 11
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 N
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 971991
071 B000300 961515
071 C000300 1804266
071 D000300 53
072 A000300 6
072 B000300 55538
072 C000300 7437
072 D000300 0
072 E000300 0
072 F000300 2208
072 G000300 0
072 H000300 0
072 I000300 1159
072 J000300 141
072 K000300 111
072 L000300 42
072 M000300 2
072 N000300 30
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 15
072 S000300 2
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 32
<PAGE> PAGE 12
072 X000300 3742
072 Y000300 0
072 Z000300 59233
072AA000300 3643
072BB000300 0
072CC010300 128672
072CC020300 0
072DD010300 60791
072DD020300 0
072EE000300 0
073 A010300 0.4200
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 283
074 B000300 0
074 C000300 4204
074 D000300 1640841
074 E000300 0
074 F000300 229610
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 45674
074 K000300 0
074 L000300 28197
074 M000300 0
074 N000300 1948809
074 O000300 45019
074 P000300 581
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 936
074 S000300 0
074 T000300 1902273
074 U010300 146184
074 U020300 0
074 V010300 13.01
074 V020300 0.00
074 W000300 0.0000
074 X000300 78992
074 Y000300 0
075 A000300 0
075 B000300 1832075
076 000300 0.00
028 A010400 184620
028 A020400 7008
028 A030400 0
028 A040400 170157
<PAGE> PAGE 13
028 B010400 169030
028 B020400 6716
028 B030400 0
028 B040400 148457
028 C010400 170530
028 C020400 7445
028 C030400 0
028 C040400 150981
028 D010400 167658
028 D020400 7132
028 D030400 0
028 D040400 146143
028 E010400 174027
028 E020400 6902
028 E030400 0
028 E040400 183283
028 F010400 243812
028 F020400 7717
028 F030400 0
028 F040400 228683
028 G010400 1109677
028 G020400 42920
028 G030400 0
028 G040400 1027704
028 H000400 0
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 2.0
062 G000400 0.0
062 H000400 2.0
062 I000400 30.0
062 J000400 0.0
062 K000400 0.0
062 L000400 66.0
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 36
063 B000400 0.0
064 A000400 Y
064 B000400 N
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
<PAGE> PAGE 14
072 A000400 6
072 B000400 48204
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 1938
072 G000400 0
072 H000400 0
072 I000400 1560
072 J000400 206
072 K000400 184
072 L000400 110
072 M000400 2
072 N000400 113
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 14
072 S000400 2
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 24
072 X000400 4153
072 Y000400 521
072 Z000400 44572
072AA000400 0
072BB000400 0
072CC010400 0
072CC020400 0
072DD010400 44572
072DD020400 0
072EE000400 0
073 A010400 0.0277
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 6525
074 B000400 0
074 C000400 1656112
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 13015
074 M000400 0
074 N000400 1675652
<PAGE> PAGE 15
074 O000400 0
074 P000400 1357
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 9347
074 S000400 0
074 T000400 1664948
074 U010400 1664948
074 U020400 0
074 V010400 1.00
074 V020400 0.00
074 W000400 0.9999
074 X000400 111672
074 Y000400 0
075 A000400 1606274
075 B000400 0
076 000400 0.00
028 A010600 29687
028 A020600 0
028 A030600 0
028 A040600 13623
028 B010600 23769
028 B020600 35916
028 B030600 0
028 B040600 13372
028 C010600 25245
028 C020600 1
028 C030600 0
028 C040600 12834
028 D010600 18162
028 D020600 5340
028 D030600 0
028 D040600 13665
028 E010600 19488
028 E020600 17494
028 E030600 0
028 E040600 12520
028 F010600 43138
028 F020600 -1
028 F030600 0
028 F040600 18149
028 G010600 159489
028 G020600 58750
028 G030600 0
028 G040600 84163
028 H000600 0
062 A000600 N
062 B000600 0.0
062 C000600 0.0
<PAGE> PAGE 16
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
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 Y
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
<PAGE> PAGE 17
071 A000600 386357
071 B000600 290893
071 C000600 1483379
071 D000600 20
072 A000600 6
072 B000600 1902
072 C000600 42322
072 D000600 0
072 E000600 0
072 F000600 3810
072 G000600 0
072 H000600 0
072 I000600 1358
072 J000600 107
072 K000600 174
072 L000600 54
072 M000600 2
072 N000600 40
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 15
072 S000600 2
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 21
072 X000600 5583
072 Y000600 0
072 Z000600 38641
072AA000600 12068
072BB000600 0
072CC010600 114985
072CC020600 0
072DD010600 37465
072DD020600 0
072EE000600 26301
073 A010600 0.3800
073 A020600 0.0000
073 B000600 0.2738
073 C000600 0.0000
074 A000600 715
074 B000600 0
074 C000600 37819
074 D000600 69624
074 E000600 245953
074 F000600 1287165
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 3214
<PAGE> PAGE 18
074 K000600 0
074 L000600 5006
074 M000600 0
074 N000600 1649496
074 O000600 3339
074 P000600 915
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 867
074 S000600 0
074 T000600 1644375
074 U010600 102838
074 U020600 0
074 V010600 15.99
074 V020600 0.00
074 W000600 0.0000
074 X000600 106485
074 Y000600 0
075 A000600 0
075 B000600 1514574
076 000600 0.00
028 A010700 10160
028 A020700 0
028 A030700 0
028 A040700 3102
028 B010700 10665
028 B020700 2529
028 B030700 0
028 B040700 2452
028 C010700 9712
028 C020700 0
028 C030700 0
028 C040700 2583
028 D010700 9916
028 D020700 764
028 D030700 0
028 D040700 2498
028 E010700 10194
028 E020700 1384
028 E030700 0
028 E040700 3190
028 F010700 18860
028 F020700 0
028 F030700 0
028 F040700 4037
028 G010700 69507
028 G020700 4677
028 G030700 0
028 G040700 17862
<PAGE> PAGE 19
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
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
063 A000700 0
063 B000700 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
<PAGE> PAGE 20
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 63367
071 B000700 19593
071 C000700 232549
071 D000700 8
072 A000700 6
072 B000700 348
072 C000700 3202
072 D000700 0
072 E000700 0
072 F000700 732
072 G000700 0
072 H000700 0
072 I000700 308
072 J000700 42
072 K000700 35
072 L000700 9
072 M000700 2
072 N000700 15
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 15
072 S000700 2
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 4
072 X000700 1164
072 Y000700 0
072 Z000700 2386
072AA000700 2350
072BB000700 0
072CC010700 24405
072CC020700 0
072DD010700 2358
072DD020700 0
072EE000700 2449
073 A010700 0.1200
073 A020700 0.0000
073 B000700 0.1328
073 C000700 0.0000
074 A000700 219
074 B000700 0
074 C000700 18467
074 D000700 0
<PAGE> PAGE 21
074 E000700 0
074 F000700 272095
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 1169
074 K000700 0
074 L000700 737
074 M000700 0
074 N000700 292687
074 O000700 3220
074 P000700 197
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 124
074 S000700 0
074 T000700 289146
074 U010700 21737
074 U020700 0
074 V010700 13.30
074 V020700 0.00
074 W000700 0.0000
074 X000700 26559
074 Y000700 0
075 A000700 0
075 B000700 243813
076 000700 0.00
028 A010800 5543
028 A020800 372
028 A030800 0
028 A040800 2199
028 B010800 4699
028 B020800 368
028 B030800 0
028 B040800 2715
028 C010800 5723
028 C020800 414
028 C030800 0
028 C040800 2825
028 D010800 5977
028 D020800 404
028 D030800 0
028 D040800 4058
028 E010800 7276
028 E020800 399
028 E030800 0
028 E040800 3935
028 F010800 8491
028 F020800 454
<PAGE> PAGE 22
028 F030800 0
028 F040800 6117
028 G010800 37709
028 G020800 2411
028 G030800 0
028 G040800 21849
028 H000800 0
062 A000800 Y
062 B000800 0.0
062 C000800 2.0
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 36.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 62.0
062 Q000800 0.0
062 R000800 0.0
070 A010800 Y
070 A020800 N
070 B010800 N
070 B020800 N
070 C010800 N
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 Y
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 N
070 M020800 N
<PAGE> PAGE 23
070 N010800 N
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 39132
071 B000800 23316
071 C000800 51052
071 D000800 46
072 A000800 6
072 B000800 2977
072 C000800 0
072 D000800 0
072 E000800 0
072 F000800 103
072 G000800 0
072 H000800 0
072 I000800 97
072 J000800 27
072 K000800 7
072 L000800 4
072 M000800 2
072 N000800 21
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 14
072 S000800 3
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 3
072 X000800 281
072 Y000800 66
072 Z000800 2762
072AA000800 0
072BB000800 116
072CC010800 434
072CC020800 0
072DD010800 2762
072DD020800 0
072EE000800 0
073 A010800 0.3194
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
<PAGE> PAGE 24
074 A000800 171
074 B000800 0
074 C000800 35349
074 D000800 58434
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 1424
074 M000800 0
074 N000800 95378
074 O000800 0
074 P000800 55
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 312
074 S000800 0
074 T000800 95011
074 U010800 9567
074 U020800 0
074 V010800 9.93
074 V020800 0.00
074 W000800 0.0000
074 X000800 6783
074 Y000800 0
075 A000800 0
075 B000800 85351
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> 6-MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 935,945,826
<INVESTMENTS-AT-VALUE> 1,107,247,802
<RECEIVABLES> 3,944,578
<ASSETS-OTHER> 359,368
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,111,551,748
<PAYABLE-FOR-SECURITIES> 2,370,545
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,479,582
<TOTAL-LIABILITIES> 3,850,127
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 908,830,252
<SHARES-COMMON-STOCK> 55,813,116
<SHARES-COMMON-PRIOR> 48,416,103
<ACCUMULATED-NII-CURRENT> 428,780
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 27,140,613
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 171,301,976
<NET-ASSETS> 1,107,701,621
<DIVIDEND-INCOME> 12,112,655
<INTEREST-INCOME> 1,368,300
<OTHER-INCOME> 0
<EXPENSES-NET> (5,146,494)
<NET-INVESTMENT-INCOME> 8,334,461
<REALIZED-GAINS-CURRENT> 40,226,191
<APPREC-INCREASE-CURRENT> 61,591,633
<NET-CHANGE-FROM-OPS> 110,152,285
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (15,338,793)
<DISTRIBUTIONS-OF-GAINS> (49,084,257)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 141,624,873
<NUMBER-OF-SHARES-REDEEMED> (65,529,746)
<SHARES-REINVESTED> 63,056,285
<NET-CHANGE-IN-ASSETS> 184,880,647
<ACCUMULATED-NII-PRIOR> 7,433,112
<ACCUMULATED-GAINS-PRIOR> 35,998,679
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,753,999
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,146,494
<AVERAGE-NET-ASSETS> 997,506,383
<PER-SHARE-NAV-BEGIN> 19.06
<PER-SHARE-NII> 0.15
<PER-SHARE-GAIN-APPREC> 1.90
<PER-SHARE-DIVIDEND> (0.29)
<PER-SHARE-DISTRIBUTIONS> (0.97)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 19.85
<EXPENSE-RATIO> 1.03
<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> 6-MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 316,018,436
<INVESTMENTS-AT-VALUE> 454,441,736
<RECEIVABLES> 1,114,435
<ASSETS-OTHER> 395,730
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 455,951,902
<PAYABLE-FOR-SECURITIES> 3,957,724
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 754,534
<TOTAL-LIABILITIES> 4,712,258
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 307,592,656
<SHARES-COMMON-STOCK> 17,444,725
<SHARES-COMMON-PRIOR> 14,840,028
<ACCUMULATED-NII-CURRENT> (809,824)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,033,512
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 138,423,300
<NET-ASSETS> 451,239,644
<DIVIDEND-INCOME> 153,119
<INTEREST-INCOME> 597,074
<OTHER-INCOME> 0
<EXPENSES-NET> (1,554,991)
<NET-INVESTMENT-INCOME> (804,798)
<REALIZED-GAINS-CURRENT> 18,407,350
<APPREC-INCREASE-CURRENT> 29,388,457
<NET-CHANGE-FROM-OPS> 46,991,009
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (25,025,135)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 114,672,971
<NUMBER-OF-SHARES-REDEEMED> (71,794,152)
<SHARES-REINVESTED> 23,004,748
<NET-CHANGE-IN-ASSETS> 87,849,441
<ACCUMULATED-NII-PRIOR> (5,026)
<ACCUMULATED-GAINS-PRIOR> 12,651,297
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 872,139
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,554,991
<AVERAGE-NET-ASSETS> 407,139,032
<PER-SHARE-NAV-BEGIN> 24.49
<PER-SHARE-NII> (0.05)
<PER-SHARE-GAIN-APPREC> 3.04
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (1.61)
<RETURNS-OF-CAPITAL> 0.0
<PER-SHARE-NAV-END> 25.87
<EXPENSE-RATIO> 0.77
<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> 6-MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 1,757,060,622
<INVESTMENTS-AT-VALUE> 1,874,654,808
<RECEIVABLES> 73,870,666
<ASSETS-OTHER> 282,895
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,948,808,368
<PAYABLE-FOR-SECURITIES> 45,018,775
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,516,816
<TOTAL-LIABILITIES> 46,535,591
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,780,529,057
<SHARES-COMMON-STOCK> 146,184,052
<SHARES-COMMON-PRIOR> 144,913,546
<ACCUMULATED-NII-CURRENT> 661,962
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,487,573
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 117,594,186
<NET-ASSETS> 1,902,272,777
<DIVIDEND-INCOME> 7,436,925
<INTEREST-INCOME> 55,537,816
<OTHER-INCOME> 0
<EXPENSES-NET> (3,741,978)
<NET-INVESTMENT-INCOME> 59,232,763
<REALIZED-GAINS-CURRENT> 3,643,250
<APPREC-INCREASE-CURRENT> 128,672,776
<NET-CHANGE-FROM-OPS> 191,548,789
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (60,791,424)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 88,951,665
<NUMBER-OF-SHARES-REDEEMED> (122,077,351)
<SHARES-REINVESTED> 49,470,300
<NET-CHANGE-IN-ASSETS> 147,101,979
<ACCUMULATED-NII-PRIOR> 2,021,505
<ACCUMULATED-GAINS-PRIOR> 43,441
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,208,142
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,741,978
<AVERAGE-NET-ASSETS> 1,832,075,107
<PER-SHARE-NAV-BEGIN> 12.11
<PER-SHARE-NII> 0.41
<PER-SHARE-GAIN-APPREC> 0.91
<PER-SHARE-DIVIDEND> (0.42)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.01
<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> 6-MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 1,656,112,469
<INVESTMENTS-AT-VALUE> 1,656,112,470
<RECEIVABLES> 13,014,665
<ASSETS-OTHER> 6,524,638
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,675,651,773
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,703,680
<TOTAL-LIABILITIES> 10,703,680
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,664,948,092
<SHARES-COMMON-STOCK> 1,664,948,093
<SHARES-COMMON-PRIOR> 1,540,055,420
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,664,948,092
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 48,203,962
<OTHER-INCOME> 0
<EXPENSES-NET> (3,632,250)
<NET-INVESTMENT-INCOME> 44,571,712
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 44,571,712
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (44,571,712)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,109,677,288
<NUMBER-OF-SHARES-REDEEMED> (1,027,704,086)
<SHARES-REINVESTED> 42,919,471
<NET-CHANGE-IN-ASSETS> 124,892,673
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,937,880
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,152,997
<AVERAGE-NET-ASSETS> 1,606,273,832
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.03)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<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> 6-MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 1,410,289,549
<INVESTMENTS-AT-VALUE> 1,640,560,389
<RECEIVABLES> 8,220,994
<ASSETS-OTHER> 714,909
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,649,496,292
<PAYABLE-FOR-SECURITIES> 3,338,813
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,782,843
<TOTAL-LIABILITIES> 5,121,656
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,403,765,165
<SHARES-COMMON-STOCK> 102,837,645
<SHARES-COMMON-PRIOR> 94,113,543
<ACCUMULATED-NII-CURRENT> 3,964,848
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,373,783
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 230,270,840
<NET-ASSETS> 1,644,374,636
<DIVIDEND-INCOME> 42,322,170
<INTEREST-INCOME> 1,901,696
<OTHER-INCOME> 0
<EXPENSES-NET> (5,583,051)
<NET-INVESTMENT-INCOME> 38,640,815
<REALIZED-GAINS-CURRENT> 12,068,199
<APPREC-INCREASE-CURRENT> 114,985,018
<NET-CHANGE-FROM-OPS> 165,694,032
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (37,464,901)
<DISTRIBUTIONS-OF-GAINS> (26,301,687)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 159,489,628
<NUMBER-OF-SHARES-REDEEMED> (84,163,452)
<SHARES-REINVESTED> 58,750,227
<NET-CHANGE-IN-ASSETS> 236,003,847
<ACCUMULATED-NII-PRIOR> 2,689,172
<ACCUMULATED-GAINS-PRIOR> 20,707,034
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,809,997
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,583,051
<AVERAGE-NET-ASSETS> 1,514,574,075
<PER-SHARE-NAV-BEGIN> 14.96
<PER-SHARE-NII> 0.39
<PER-SHARE-GAIN-APPREC> 1.29
<PER-SHARE-DIVIDEND> (0.38)
<PER-SHARE-DISTRIBUTIONS> (0.27)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.99
<EXPENSE-RATIO> 0.73
<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> 6-MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 237,967,967
<INVESTMENTS-AT-VALUE> 290,561,436
<RECEIVABLES> 1,906,595
<ASSETS-OTHER> 218,847
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 292,686,877
<PAYABLE-FOR-SECURITIES> 3,220,413
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 320,316
<TOTAL-LIABILITIES> 3,540,729
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 234,795,164
<SHARES-COMMON-STOCK> 21,737,159
<SHARES-COMMON-PRIOR> 17,270,509
<ACCUMULATED-NII-CURRENT> 264,460
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,493,056
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 52,593,468
<NET-ASSETS> 289,146,148
<DIVIDEND-INCOME> 3,201,978
<INTEREST-INCOME> 347,798
<OTHER-INCOME> 0
<EXPENSES-NET> (1,163,755)
<NET-INVESTMENT-INCOME> 2,386,021
<REALIZED-GAINS-CURRENT> 2,350,208
<APPREC-INCREASE-CURRENT> 24,404,211
<NET-CHANGE-FROM-OPS> 29,140,440
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,357,738)
<DISTRIBUTIONS-OF-GAINS> (2,448,856)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 69,506,888
<NUMBER-OF-SHARES-REDEEMED> (17,861,531)
<SHARES-REINVESTED> 4,676,775
<NET-CHANGE-IN-ASSETS> 80,655,978
<ACCUMULATED-NII-PRIOR> 236,176
<ACCUMULATED-GAINS-PRIOR> 1,591,704
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 731,763
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,163,755
<AVERAGE-NET-ASSETS> 243,813,312
<PER-SHARE-NAV-BEGIN> 12.07
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> 1.36
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> (0.13)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.30
<EXPENSE-RATIO> 0.95
<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> 6-MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-END> JAN-31-1996
<INVESTMENTS-AT-COST> 93,355,147
<INVESTMENTS-AT-VALUE> 93,782,543
<RECEIVABLES> 1,424,091
<ASSETS-OTHER> 171,797
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 95,378,430
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 367,156
<TOTAL-LIABILITIES> 367,156
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 95,024,819
<SHARES-COMMON-STOCK> 9,566,955
<SHARES-COMMON-PRIOR> 7,722,046
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (440,940)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 427,396
<NET-ASSETS> 95,011,274
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,977,006
<OTHER-INCOME> 0
<EXPENSES-NET> (215,038)
<NET-INVESTMENT-INCOME> 2,761,968
<REALIZED-GAINS-CURRENT> 116,143
<APPREC-INCREASE-CURRENT> 433,958
<NET-CHANGE-FROM-OPS> 3,312,069
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,761,968)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 37,708,701
<NUMBER-OF-SHARES-REDEEMED> (21,848,852)
<SHARES-REINVESTED> 2,411,751
<NET-CHANGE-IN-ASSETS> 18,821,701
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (557,084)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 103,299
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 281,344
<AVERAGE-NET-ASSETS> 85,351,482
<PER-SHARE-NAV-BEGIN> 9.87
<PER-SHARE-NII> 0.32
<PER-SHARE-GAIN-APPREC> 0.06
<PER-SHARE-DIVIDEND> (0.32)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.93
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
