<PAGE> PAGE 1
000 A000000 01/31/97
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 8
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
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 38
019 C00AA00 USAAINVMCO
020 A000001 SANFORD BERNSTEIN & COMPANY
<PAGE> PAGE 2
020 B000001 13-2625874
020 C000001 144
020 A000002 GOLDMAN, SACHS & COMPANY
020 B000002 13-5108880
020 C000002 138
020 A000003 PAINE WEBBER, INCORPORATED
020 B000003 13-2638166
020 C000003 121
020 A000004 USAA BROKERAGE SERVICES
020 B000004 74-1664189
020 C000004 117
020 A000005 BRIDGE TRADING COMPANY
020 B000005 43-1450530
020 C000005 114
020 A000006 SCHRODER WERTHEIM & CO. INCORPORATED
020 B000006 13-2697272
020 C000006 111
020 A000007 THOMSON INSTITUTIONAL SERVICES INC.
020 B000007 13-3566424
020 C000007 102
020 A000008 LIPPER ANALYTICAL SECURITIES CORPORATION
020 B000008 13-2792478
020 C000008 75
020 A000009 JEFFERIES & CO., INC.
020 B000009 95-2622900
020 C000009 74
020 A000010 LEHMAN BROTHERS, INCORPORATED
020 B000010 13-2518466
020 C000010 71
021 000000 2044
022 A000001 GOLDMAN, SACHS & COMPANY
022 B000001 13-5108880
022 C000001 3077708
022 D000001 127424
022 A000002 GENERAL ELECTRIC CAPITAL CORPORATION
022 B000002 13-1500700
022 C000002 2674631
022 D000002 0
022 A000003 HELLER FINANCIAL, INCORPORATED
022 B000003 36-1208070
022 C000003 2492406
022 D000003 0
022 A000004 ASSOCIATES CORPORATION OF NORTH AMERICA
022 B000004 74-1494554
022 C000004 1441286
022 D000004 0
022 A000005 PRUDENTIAL FUNDING CORPORATION
022 B000005 22-2231168
022 C000005 1070741
022 D000005 0
022 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
<PAGE> PAGE 3
022 B000006 13-5674085
022 C000006 826868
022 D000006 119555
022 A000007 COMMERCIAL CREDIT COMPANY
022 B000007 52-0883351
022 C000007 825420
022 D000007 0
022 A000008 FORD MOTOR CREDIT COMPANY
022 B000008 38-1612444
022 C000008 668380
022 D000008 0
022 A000009 NORWEST INVESTMENT SERVICES, INC.
022 B000009 41-1508325
022 C000009 573544
022 D000009 0
022 A000010 LEHMAN BROTHERS, INC.
022 B000010 13-2518466
022 C000010 535012
022 D000010 13900
023 C000000 17814416
023 D000000 706644
024 00AA00 N
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
077 A000000 Y
077 C000000 Y
078 000000 N
028 A010100 16644
028 A020100 1
028 A030100 0
028 A040100 11687
028 B010100 15316
028 B020100 175954
028 B030100 0
028 B040100 12957
028 C010100 13291
028 C020100 4
028 C030100 0
028 C040100 18433
<PAGE> PAGE 4
028 D010100 13520
028 D020100 22832
028 D030100 0
028 D040100 13481
028 E010100 15828
028 E020100 10758
028 E030100 0
028 E040100 18296
028 F010100 24247
028 F020100 0
028 F030100 0
028 F040100 20453
028 G010100 98846
028 G020100 209548
028 G030100 0
028 G040100 95307
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
063 A000100 0
063 B000100 0.0
071 A000100 412996
071 B000100 398858
071 C000100 1249138
071 D000100 32
072 A000100 6
072 B000100 445
072 C000100 17525
072 D000100 0
072 E000100 0
072 F000100 4793
072 G000100 0
072 H000100 0
072 I000100 1166
072 J000100 94
<PAGE> PAGE 5
072 K000100 105
072 L000100 45
072 M000100 2
072 N000100 103
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 15
072 S000100 3
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 17
072 X000100 6343
072 Y000100 0
072 Z000100 11627
072AA000100 69612
072BB000100 0
072CC010100 140136
072CC020100 0
072DD010100 21643
072DD020100 0
072EE000100 190389
073 A010100 0.3416
073 A020100 0.0000
073 B000100 3.2114
073 C000100 0.0000
074 A000100 319
074 B000100 0
074 C000100 10733
074 D000100 0
074 E000100 0
074 F000100 1376808
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 15979
074 K000100 0
074 L000100 2789
074 M000100 0
074 N000100 1406628
074 O000100 19881
074 P000100 1066
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 989
074 S000100 0
074 T000100 1384692
074 U010100 70057
<PAGE> PAGE 6
074 U020100 0
074 V010100 19.76
074 V020100 0.00
074 W000100 0.0000
074 X000100 93045
074 Y000100 0
075 A000100 0
075 B000100 1262391
076 000100 0.00
015 A000201 STATE STREET BANK AND TRUST COMPANY
015 B000201 C
015 C010201 BOSTON
015 C020201 MA
015 C030201 02105
015 E010201 X
015 A000202 CITIBANK, N.A.
015 B000202 S
015 C010202 N/A
015 D010202 ARGENTINA
015 E040202 X
015 A000203 WESTPAC BANKING CORPORATION
015 B000203 S
015 C010203 N/A
015 D010203 AUSTRALIA
015 E040203 X
015 A000204 GIROCREDIT BANK
015 B000204 S
015 C010204 N/A
015 D010204 AUSTRIA
015 E040204 X
015 A000205 STANDARD CHARTERED BANK
015 B000205 S
015 C010205 N/A
015 D010205 BANGLADESH
015 E040205 X
015 A000206 GENERALE BANK
015 B000206 S
015 C010206 N/A
015 D010206 BELGIUM
015 E040206 X
015 A000207 BARCLAYS BANK OF BOTSWANA LIMITED
015 B000207 S
015 C010207 N/A
015 D010207 BOTSWANA
015 E040207 X
015 A000208 CITIBANK, N.A.
015 B000208 S
015 C010208 N/A
015 D010208 BRAZIL
015 E040208 X
015 A000209 CANADA TRUSTCO MORTGAGE COMPANY
<PAGE> PAGE 7
015 B000209 S
015 C010209 N/A
015 D010209 CANADA
015 E040209 X
015 A000210 CITIBANK, N.A.
015 B000210 S
015 C010210 N/A
015 D010210 CHILE
015 E040210 X
015 A000211 HONG KONG & SHANGHAI BANKING CORP. LIMITED
015 B000211 S
015 C010211 N/A
015 D010211 CHINA
015 E040211 X
015 A000212 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B000212 S
015 C010212 N/A
015 D010212 COLOMBIA
015 E040212 X
015 A000213 BARCLAYS BANK PLC CYPRUS OFFSHORE BNKING UNIT
015 B000213 S
015 C010213 N/A
015 D010213 CYPRUS
015 E040213 X
015 A000214 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B000214 S
015 C010214 N/A
015 D010214 CZECH REPUBLIC
015 E040214 X
015 A000215 DEN DANSKE BANK
015 B000215 S
015 C010215 N/A
015 D010215 DENMARK
015 E040215 X
015 A000216 CITIBANK, N.A.
015 B000216 S
015 C010216 N/A
015 D010216 ECUADOR
015 E040216 X
015 A000217 NATIONAL BANK OF EGYPT
015 B000217 S
015 C010217 N/A
015 D010217 EGYPT
015 E040217 X
015 A000218 MERITA BANK LIMITED
015 B000218 S
015 C010218 N/A
015 D010218 FINLAND
015 E040218 X
015 A000219 BANQUE PARIBAS
015 B000219 S
<PAGE> PAGE 8
015 C010219 N/A
015 D010219 FRANCE
015 E040219 X
015 A000220 DRESDNER BANK A.G.
015 B000220 S
015 C010220 N/A
015 D010220 GERMANY
015 E040220 X
015 A000221 BARCLAYS BANK OF GHANA LIMITED
015 B000221 S
015 C010221 N/A
015 D010221 GHANA
015 E040221 X
015 A000222 NATIONAL BANK OF GREECE S.A.
015 B000222 S
015 C010222 N/A
015 D010222 GREECE
015 E040222 X
015 A000223 STANDARD CHARTERED BANK
015 B000223 S
015 C010223 N/A
015 D010223 HONG KONG
015 E040223 X
015 A000224 CITIBANK BUDAPEST RT.
015 B000224 S
015 C010224 N/A
015 D010224 HUNGARY
015 E040224 X
015 A000225 DEUTSCHE BANK AG, HONG KONG & SHANGHAI BNKING
015 B000225 S
015 C010225 N/A
015 D010225 INDIA
015 E040225 X
015 A000226 STANDARD CHARTERED BANK
015 B000226 S
015 C010226 N/A
015 D010226 INDONESIA
015 E040226 X
015 A000227 BANK OF IRELAND
015 B000227 S
015 C010227 N/A
015 D010227 IRELAND
015 E040227 X
015 A000228 BANK HAPOALIM B.M.
015 B000228 S
015 C010228 N/A
015 D010228 ISRAEL
015 E040228 X
015 A000229 MORGAN GUARANTY TRUST COMPANY
015 B000229 S
015 C010229 N/A
<PAGE> PAGE 9
015 D010229 ITALY
015 E040229 X
015 A000230 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
015 B000230 S
015 C010230 N/A
015 D010230 IVORY COAST
015 E040230 X
015 A000231 THE DAIWABANK, LIMITED
015 B000231 S
015 C010231 N/A
015 D010231 JAPAN
015 E040231 X
015 A000232 THE FUJI BANK, LIMITED
015 B000232 S
015 C010232 N/A
015 D010232 JAPAN
015 E040232 X
015 A000233 THE SUMITOMO TRUST & BANKING CO., LTD.
015 B000233 S
015 C010233 N/A
015 D010233 JAPAN
015 E040233 X
015 A000234 THE BRITISH BANK OF THE MIDDLE EAST
015 B000234 S
015 C010234 N/A
015 D010234 JORDAN
015 E040234 X
015 A000235 BARCLAYS BANK OF KENYA LIMITED
015 B000235 S
015 C010235 N/A
015 D010235 KENYA
015 E040235 X
015 A000236 SEOULBANK
015 B000236 S
015 C010236 N/A
015 D010236 REPBULIC OF KOREA
015 E040236 X
015 A000237 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B000237 S
015 C010237 N/A
015 D010237 MALAYSIA
015 E040237 X
015 A000238 HONG KONG AND SHANGHAI BANKING CORP. LIMITED
015 B000238 S
015 C010238 N/A
015 D010238 MAURITIUS
015 E040238 X
015 A000239 CITIBANK MEXICO, S.A.
015 B000239 S
015 C010239 N/A
015 D010239 MEXICO
<PAGE> PAGE 10
015 E040239 X
015 A000240 BANQUE COMMERIALE DU MAROC
015 B000240 S
015 C010240 N/A
015 D010240 MOROCCO
015 E040240 X
015 A000241 MEESPIERSON N.V.
015 B000241 S
015 C010241 N/A
015 D010241 NETHERLANDS
015 E040241 X
015 A000242 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B000242 S
015 C010242 N/A
015 D010242 NEW ZEALAND
015 E040242 X
015 A000243 CHRISTIANIA BANK OG KREDITKASSE
015 B000243 S
015 C010243 N/A
015 D010243 NORWAY
015 E040243 X
015 A000244 DEUTSCHE BANK AG
015 B000244 S
015 C010244 N/A
015 D010244 PAKISTAN
015 E040244 X
015 A000245 CITIBANK N.A.
015 B000245 S
015 C010245 N/A
015 D010245 PERU
015 E040245 X
015 A000246 STANDARD CHARTERED BANK
015 B000246 S
015 C010246 N/A
015 D010246 PHILIPPINES
015 E040246 X
015 A000247 CITIBANK POLAND S.A.
015 B000247 S
015 C010247 N/A
015 D010247 POLAND
015 E040247 X
015 A000248 BANCO COMMERCIAL PORTUGUES
015 B000248 S
015 C010248 N/A
015 D010248 PORTUGAL
015 E040248 X
015 A000249 CREDIT SUISSE, ZURICH VIA MOSCOW
015 B000249 S
015 C010249 N/A
015 D010249 RUSSIA
015 E040249 X
<PAGE> PAGE 11
015 A000250 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000250 S
015 C010250 N/A
015 D010250 SINGAPORE
015 E040250 X
015 A000251 CESKOSLOVENSKA OBCHODNA BANKA A.S.
015 B000251 S
015 C010251 N/A
015 D010251 SLOVAK REPUBLIC
015 E040251 X
015 A000252 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000252 S
015 C010252 N/A
015 D010252 SOUTH AFRICA
015 E040252 X
015 A000253 BANCO SANTANDER, S.A.
015 B000253 S
015 C010253 N/A
015 D010253 SPAIN
015 E040253 X
015 A000254 HONG KONG AND SHANGHAI BANKING CORP. LIMITED
015 B000254 S
015 C010254 N/A
015 D010254 SRI LANKA
015 E040254 X
015 A000255 BARCLAYS BANK OF SWAZILAND LIMITED
015 B000255 S
015 C010255 N/A
015 D010255 SWAZILAND
015 E040255 X
015 A000256 SKANDINAVISKA ENSKILDA
015 B000256 S
015 C010256 N/A
015 D010256 SWEDEN
015 E040256 X
015 A000257 UNION BANK OF SWITZERLAND
015 B000257 S
015 C010257 N/A
015 D010257 SWITZERLAND
015 E040257 X
015 A000258 CENTRAL TRUST OF CHINA
015 B000258 S
015 C010258 N/A
015 D010258 TAIWAN- R.O.C.
015 E040258 X
015 A000259 STANDARD CHARTERED BANK
015 B000259 S
015 C010259 N/A
015 D010259 THAILAND
015 E040259 X
015 A000260 CITIBANK, N.A.
<PAGE> PAGE 12
015 B000260 S
015 C010260 N/A
015 D010260 TURKEY
015 E040260 X
015 A000261 STATE STREET BANK AND TRUST COMPANY
015 B000261 S
015 C010261 N/A
015 D010261 UNITED KINGDOM
015 E040261 X
015 A000262 CITIBANK, N.A.
015 B000262 S
015 C010262 N/A
015 D010262 URUGUAY
015 E040262 X
015 A000263 CITIBANK, N.A.
015 B000263 S
015 C010263 N/A
015 D010263 VENEZUELA
015 E040263 X
015 A000264 BARCLAYS BANK OF ZAMBIA LIMITED
015 B000264 S
015 C010264 N/A
015 D010264 ZAMBIA
015 E040264 X
015 A000265 BARCLAYS BANK OF ZIMBABWE
015 B000265 S
015 C010265 N/A
015 D010265 ZIMBABWE
015 E040265 X
015 A000266 THE EUROCLEAR SYSTEM
015 B000266 S
015 C010266 N/A
015 D010266 BELGIUM
015 E040266 X
015 A000267 CEDEL BANK
015 B000267 S
015 C010267 N/A
015 D010267 LUXEMBURG
015 E040267 X
015 A000268 BANQUE PARIBAS
015 B000268 S
015 C010268 N/A
015 D010268 ITALY
015 E040268 X
028 A010200 29338
028 A020200 0
028 A030200 0
028 A040200 10390
028 B010200 28171
028 B020200 11555
028 B030200 0
<PAGE> PAGE 13
028 B040200 9729
028 C010200 32491
028 C020200 1
028 C030200 0
028 C040200 17932
028 D010200 19259
028 D020200 0
028 D030200 0
028 D040200 16798
028 E010200 21995
028 E020200 0
028 E030200 0
028 E040200 20244
028 F010200 30587
028 F020200 0
028 F030200 0
028 F040200 23961
028 G010200 161841
028 G020200 11556
028 G030200 0
028 G040200 99054
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
063 A000200 0
063 B000200 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
<PAGE> PAGE 14
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
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 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 192525
071 B000200 140352
071 C000200 683245
071 D000200 21
072 A000200 6
072 B000200 694
072 C000200 187
072 D000200 0
072 E000200 0
072 F000200 1390
072 G000200 0
072 H000200 0
072 I000200 837
072 J000200 113
072 K000200 72
072 L000200 37
072 M000200 2
072 N000200 101
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 14
072 S000200 4
072 T000200 0
<PAGE> PAGE 15
072 U000200 0
072 V000200 0
072 W000200 1
072 X000200 2571
072 Y000200 0
072 Z000200 -1690
072AA000200 3034
072BB000200 0
072CC010200 82086
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 12865
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.5723
073 C000200 0.0000
074 A000200 385
074 B000200 0
074 C000200 26241
074 D000200 0
074 E000200 0
074 F000200 727512
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 4341
074 K000200 1174
074 L000200 0
074 M000200 0
074 N000200 759653
074 O000200 6351
074 P000200 392
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 565
074 S000200 0
074 T000200 752345
074 U010200 24233
074 U020200 0
074 V010200 31.04
074 V020200 0.00
074 W000200 0.0000
074 X000200 70361
074 Y000200 0
075 A000200 0
075 B000200 704841
076 000200 0.00
028 A010300 11757
<PAGE> PAGE 16
028 A020300 8265
028 A030300 0
028 A040300 23380
028 B010300 8502
028 B020300 8226
028 B030300 0
028 B040300 23809
028 C010300 10877
028 C020300 8150
028 C030300 0
028 C040300 32871
028 D010300 10483
028 D020300 8107
028 D030300 0
028 D040300 27073
028 E010300 5494
028 E020300 8040
028 E030300 0
028 E040300 32468
028 F010300 9188
028 F020300 7798
028 F030300 0
028 F040300 61933
028 G010300 56301
028 G020300 48586
028 G030300 0
028 G040300 201534
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 0.1
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 25.5
062 N000300 60.3
062 O000300 0.0
062 P000300 0.8
062 Q000300 0.0
062 R000300 12.2
063 A000300 0
063 B000300 13.3
064 A000300 N
064 B000300 N
071 A000300 433188
<PAGE> PAGE 17
071 B000300 522245
071 C000300 1721464
071 D000300 25
072 A000300 6
072 B000300 55214
072 C000300 6752
072 D000300 0
072 E000300 0
072 F000300 2112
072 G000300 0
072 H000300 0
072 I000300 1085
072 J000300 132
072 K000300 62
072 L000300 35
072 M000300 2
072 N000300 39
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 14
072 S000300 3
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 19
072 X000300 3503
072 Y000300 0
072 Z000300 58463
072AA000300 0
072BB000300 12039
072CC010300 59456
072CC020300 0
072DD010300 59582
072DD020300 0
072EE000300 0
073 A010300 0.4200
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 216
074 B000300 0
074 C000300 1769
074 D000300 1459971
074 E000300 30762
074 F000300 175687
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 15711
074 K000300 0
<PAGE> PAGE 18
074 L000300 21588
074 M000300 0
074 N000300 1705704
074 O000300 15297
074 P000300 529
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 2921
074 S000300 0
074 T000300 1686957
074 U010300 137319
074 U020300 0
074 V010300 12.28
074 V020300 0.00
074 W000300 0.0000
074 X000300 68299
074 Y000300 0
075 A000300 0
075 B000300 1741093
076 000300 0.00
015 A000401 STATE STREET BANK AND TRUST COMPANY
015 B000401 C
015 C010401 BOSTON
015 C020401 MA
015 C030401 02105
015 E010401 X
015 A000402 CITIBANK, N.A.
015 B000402 S
015 C010402 N/A
015 D010402 ARGENTINA
015 E040402 X
015 A000403 WESTPAC BANKING CORPORATION
015 B000403 S
015 C010403 N/A
015 D010403 AUSTRALIA
015 E040403 X
015 A000404 GIROCREDIT BANK AKTIENGESELLSCHAFT SPARKASSEN
015 B000404 S
015 C010404 N/A
015 D010404 AUSTRIA
015 E040404 X
015 A000405 STANDARD CHARTERED BANK
015 B000405 S
015 C010405 N/A
015 D010405 BANGLADESH
015 E040405 X
015 A000406 GENERALE BANK
015 B000406 S
015 C010406 N/A
<PAGE> PAGE 19
015 D010406 BELGIUM
015 E040406 X
015 A000407 BARCLAYS BANK OF BOTSWANA LIMITED
015 B000407 S
015 C010407 N/A
015 D010407 BOTSWANA
015 E040407 X
015 A000408 CITIBANK, N.A.
015 B000408 S
015 C010408 N/A
015 D010408 BRAZIL
015 E040408 X
015 A000409 CANADA TRUSTCO MORTGAGE COMPANY
015 B000409 S
015 C010409 N/A
015 D010409 CANADA
015 E040409 X
015 A000410 CITIBANK, N.A.
015 B000410 S
015 C010410 N/A
015 D010410 CHILE
015 E040410 X
015 A000411 HONG KONG & SHANGHAI BANKING CORP. LIMITED
015 B000411 S
015 C010411 N/A
015 D010411 CHINA
015 E040411 X
015 A000412 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B000412 S
015 C010412 N/A
015 D010412 COLOMBIA
015 E040412 X
015 A000413 BARCLAYS BANK PLC CYPRUS OFFSHORE BNKING UNIT
015 B000413 S
015 C010413 N/A
015 D010413 CYPRUS
015 E040413 X
015 A000414 CESKOSLOVENSKA OBCHODNIA BANKA A.S.
015 B000414 S
015 C010414 N/A
015 D010414 CZECH REPUBLIC
015 E040414 X
015 A000415 DEN DANSKE BANK
015 B000415 S
015 C010415 N/A
015 D010415 DENMARK
015 E040415 X
015 A000416 CITIBANK, N.A.
015 B000416 S
015 C010416 N/A
015 D010416 ECUADOR
<PAGE> PAGE 20
015 E040416 X
015 A000417 NATIONAL BANK OF EGYPT
015 B000417 S
015 C010417 N/A
015 D010417 EGYPT
015 E040417 X
015 A000418 MERITA BANK LIMITED
015 B000418 S
015 C010418 N/A
015 D010418 FINLAND
015 E040418 X
015 A000419 BANQUE PARIBAS
015 B000419 S
015 C010419 N/A
015 D010419 FRANCE
015 E040419 X
015 A000420 DRESDNER BANK A.G.
015 B000420 S
015 C010420 N/A
015 D010420 GERMANY
015 E040420 X
015 A000421 BARCLAYS BANK OF GHANA LIMITED
015 B000421 S
015 C010421 N/A
015 D010421 GHANA
015 E040421 X
015 A000422 NATIONAL BANK OF GREECE S.A.
015 B000422 S
015 C010422 N/A
015 D010422 GREECE
015 E040422 X
015 A000423 STANDARD CHARTERED BANK
015 B000423 S
015 C010423 N/A
015 D010423 HONG KONG
015 E040423 X
015 A000424 CITIBANK BUDAPEST RT.
015 B000424 S
015 C010424 N/A
015 D010424 HUNGARY
015 E040424 X
015 A000425 DEUTSCHE BANK AG, HONG KONG & SHANGHAI BNKING
015 B000425 S
015 C010425 N/A
015 D010425 INDIA
015 E040425 X
015 A000426 STANDARD CHARTERED BANK
015 B000426 S
015 C010426 N/A
015 D010426 INDONESIA
015 E040426 X
<PAGE> PAGE 21
015 A000427 BANK OF IRELAND
015 B000427 S
015 C010427 N/A
015 D010427 IRELAND
015 E040427 X
015 A000428 BANK HAPOALIM B.M.
015 B000428 S
015 C010428 N/A
015 D010428 ISRAEL
015 E040428 X
015 A000429 MORGAN GUARANTY TRUST COMPANY
015 B000429 S
015 C010429 N/A
015 D010429 ITALY
015 E040429 X
015 A000430 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
015 B000430 S
015 C010430 N/A
015 D010430 IVORY COAST
015 E040430 X
015 A000431 THE DAIWABANK, LIMITED
015 B000431 S
015 C010431 N/A
015 D010431 JAPAN
015 E040431 X
015 A000432 THE FUJI BANK, LIMITED
015 B000432 S
015 C010432 N/A
015 D010432 JAPAN
015 E040432 X
015 A000433 THE SUMITOMO TRUST & BANKING CO., LTD.
015 B000433 S
015 C010433 N/A
015 D010433 JAPAN
015 E040433 X
015 A000434 THE BRITISH BANK OF THE MIDDLE EAST
015 B000434 S
015 C010434 N/A
015 D010434 JORDAN
015 E040434 X
015 A000435 BARCLAYS BANK OF KENYA LIMITED
015 B000435 S
015 C010435 N/A
015 D010435 KENYA
015 E040435 X
015 A000436 SEOULBANK
015 B000436 S
015 C010436 N/A
015 D010436 REPUBLIC OF KOREA
015 E040436 X
015 A000437 STANDARD CHARTERED BANK MALAYSIA BERHAD
<PAGE> PAGE 22
015 B000437 S
015 C010437 N/A
015 D010437 MALAYSIA
015 E040437 X
015 A000438 HONG KONG & SHANGHAI BANKING CORP. LIMITED
015 B000438 S
015 C010438 N/A
015 D010438 MAURITIUS
015 E040438 X
015 A000439 CITIBANK MEXICO, S.A.
015 B000439 S
015 C010439 N/A
015 D010439 MEXICO
015 E040439 X
015 A000440 BANQUE COMMERIALE DU MAROC
015 B000440 S
015 C010440 N/A
015 D010440 MOROCCO
015 E040440 X
015 A000441 MEESPIERSON N.V.
015 B000441 S
015 C010441 N/A
015 D010441 NETHERLANDS
015 E040441 X
015 A000442 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B000442 S
015 C010442 N/A
015 D010442 NEW ZEALAND
015 E040442 X
015 A000443 CHRISTIANIA BANK OG KREDITKASSE
015 B000443 S
015 C010443 N/A
015 D010443 NORWAY
015 E040443 X
015 A000444 DEUTSCHE BANK AG
015 B000444 S
015 C010444 N/A
015 D010444 PAKISTAN
015 E040444 X
015 A000445 CITIBANK, N.A.
015 B000445 S
015 C010445 N/A
015 D010445 PERU
015 E040445 X
015 A000446 STANDARD CHARTERED BANK
015 B000446 S
015 C010446 N/A
015 D010446 PHILIPPINES
015 E040446 X
015 A000447 CITIBANK POLAND S.A.
015 B000447 S
<PAGE> PAGE 23
015 C010447 N/A
015 D010447 POLAND
015 E040447 X
015 A000448 BANCO COMMERCIAL PORTUGUES
015 B000448 S
015 C010448 N/A
015 D010448 PORTUGAL
015 E040448 X
015 A000449 CREDIT SUISSE, ZURICH VIA MOSCOW
015 B000449 S
015 C010449 N/A
015 D010449 RUSSIA
015 E040449 X
015 A000450 THE DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000450 S
015 C010450 N/A
015 D010450 SINGAPORE
015 E040450 X
015 A000451 CESKOSLOVENSKA OBCHODNA BANKA A.S.
015 B000451 S
015 C010451 N/A
015 D010451 SLOVAK REPUBLIC
015 E040451 X
015 A000452 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000452 S
015 C010452 N/A
015 D010452 SOUTH AFRICA
015 E040452 X
015 A000453 BANCO SANTANDER, S.A.A
015 B000453 S
015 C010453 N/A
015 D010453 SPAIN
015 E040453 X
015 A000454 HONG KONG AND SHANGHAI BANKING CORP. LIMITED
015 B000454 S
015 C010454 N/A
015 D010454 SRI LANKA
015 E040454 X
015 A000455 BARCLAYS BANK OF SWAZILAND LIMITED
015 B000455 S
015 C010455 N/A
015 D010455 SWAZILAND
015 E040455 X
015 A000456 SKANDINAVISKA ENSKILDA BANKEN
015 B000456 S
015 C010456 N/A
015 D010456 SWEDEN
015 E040456 X
015 A000457 UNION BANK OF SWITZERLAND
015 B000457 S
015 C010457 N/A
<PAGE> PAGE 24
015 D010457 SWITZERLAND
015 E040457 X
015 A000458 CENTRAL TRUST OF CHINA
015 B000458 S
015 C010458 N/A
015 D010458 TAIWAN - R.O.C.
015 E040458 X
015 A000459 STANDARD CHARTERED BANK
015 B000459 S
015 C010459 N/A
015 D010459 THAILAND
015 E040459 X
015 A000460 CITIBANK, N.A.
015 B000460 S
015 C010460 N/A
015 D010460 TURKEY
015 E040460 X
015 A000461 STATE STREET BANK AND TRUST COMPANY
015 B000461 S
015 C010461 N/A
015 D010461 UNITED KINGDOM
015 E040461 X
015 A000462 CITIBANK, N.A.
015 B000462 S
015 C010462 N/A
015 D010462 URUGUAY
015 E040462 X
015 A000463 CITIBANK, N.A.
015 B000463 S
015 C010463 N/A
015 D010463 VENEZUELA
015 E040463 X
015 A000464 BARCLAYS BANK OF ZAMBIA
015 B000464 S
015 C010464 N/A
015 D010464 ZAMBIA
015 E040464 X
015 A000465 BARCLAYS BANK OF ZIMBABWE
015 B000465 S
015 C010465 N/A
015 D010465 ZIMBABWE
015 E040465 X
015 A000466 THE EUROCLEAR SYSTEM
015 B000466 S
015 C010466 N/A
015 D010466 BELGIUM
015 E040466 X
015 A000467 CEDEL BANK
015 B000467 S
015 C010467 N/A
015 D010467 LUXEMBERG
<PAGE> PAGE 25
015 E040467 X
015 A000468 BANQUE PARIBAS
015 B000468 S
015 C010468 N/A
015 D010468 ITALY
015 E040468 X
028 A010400 193819
028 A020400 7359
028 A030400 0
028 A040400 180071
028 B010400 184024
028 B020400 7741
028 B030400 0
028 B040400 176025
028 C010400 213776
028 C020400 7834
028 C030400 0
028 C040400 173942
028 D010400 193142
028 D020400 7540
028 D030400 0
028 D040400 153253
028 E010400 230478
028 E020400 8524
028 E030400 0
028 E040400 226189
028 F010400 293912
028 F020400 8322
028 F030400 0
028 F040400 275571
028 G010400 1309151
028 G020400 47320
028 G030400 0
028 G040400 1185051
028 H000400 0
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 16.8
062 G000400 0.0
062 H000400 0.0
062 I000400 29.0
062 J000400 0.0
062 K000400 0.0
062 L000400 54.9
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
<PAGE> PAGE 26
062 Q000400 0.0
062 R000400 0.0
063 A000400 57
063 B000400 0.0
064 A000400 Y
064 B000400 N
070 A010400 Y
070 A020400 N
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
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 6
072 B000400 53323
072 C000400 0
072 D000400 0
072 E000400 0
<PAGE> PAGE 27
072 F000400 2312
072 G000400 0
072 H000400 0
072 I000400 1759
072 J000400 253
072 K000400 190
072 L000400 123
072 M000400 2
072 N000400 145
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 4824
072 Y000400 491
072 Z000400 48990
072AA000400 0
072BB000400 0
072CC010400 0
072CC020400 0
072DD010400 48990
072DD020400 0
072EE000400 0
073 A010400 0.0256
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 10369
074 B000400 0
074 C000400 2013428
074 D000400 0
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 1610
074 K000400 0
074 L000400 22890
074 M000400 0
074 N000400 2048297
074 O000400 32387
074 P000400 960
074 Q000400 0
074 R010400 0
074 R020400 0
<PAGE> PAGE 28
074 R030400 0
074 R040400 14781
074 S000400 0
074 T000400 2000169
074 U010400 2000169
074 U020400 0
074 V010400 1.00
074 V020400 0.00
074 W000400 1.0000
074 X000400 124584
074 Y000400 0
075 A000400 1910863
075 B000400 0
076 000400 0.00
028 A010600 17656
028 A020600 0
028 A030600 0
028 A040600 27998
028 B010600 19019
028 B020600 64685
028 B030600 0
028 B040600 31355
028 C010600 21884
028 C020600 0
028 C030600 0
028 C040600 21986
028 D010600 25157
028 D020600 30389
028 D030600 0
028 D040600 20344
028 E010600 20380
028 E020600 21720
028 E030600 0
028 E040600 23979
028 F010600 36818
028 F020600 1
028 F030600 0
028 F040600 29937
028 G010600 140914
028 G020600 116795
028 G030600 0
028 G040600 155599
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
<PAGE> PAGE 29
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
063 A000600 0
063 B000600 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 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 311808
071 B000600 294683
071 C000600 1802158
<PAGE> PAGE 30
071 D000600 16
072 A000600 6
072 B000600 1268
072 C000600 51493
072 D000600 0
072 E000600 0
072 F000600 4644
072 G000600 0
072 H000600 0
072 I000600 1377
072 J000600 118
072 K000600 140
072 L000600 57
072 M000600 2
072 N000600 66
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 23
072 X000600 6444
072 Y000600 0
072 Z000600 46317
072AA000600 37116
072BB000600 0
072CC010600 215644
072CC020600 0
072DD010600 43334
072DD020600 0
072EE000600 80728
073 A010600 0.3900
073 A020600 0.0000
073 B000600 0.7429
073 C000600 0.0000
074 A000600 404
074 B000600 0
074 C000600 38652
074 D000600 50987
074 E000600 314323
074 F000600 1574441
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 9007
074 K000600 0
074 L000600 7566
074 M000600 0
<PAGE> PAGE 31
074 N000600 1995380
074 O000600 4702
074 P000600 1068
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 1716
074 S000600 0
074 T000600 1987894
074 U010600 114176
074 U020600 0
074 V010600 17.41
074 V020600 0.00
074 W000600 0.0000
074 X000600 106562
074 Y000600 0
075 A000600 0
075 B000600 1839854
076 000600 0.00
028 A010700 16051
028 A020700 0
028 A030700 0
028 A040700 3514
028 B010700 16963
028 B020700 11252
028 B030700 0
028 B040700 4135
028 C010700 23720
028 C020700 3
028 C030700 0
028 C040700 5396
028 D010700 20979
028 D020700 3082
028 D030700 0
028 D040700 5805
028 E010700 19037
028 E020700 1949
028 E030700 0
028 E040700 6120
028 F010700 34799
028 F020700 0
028 F030700 0
028 F040700 8788
028 G010700 131549
028 G020700 16286
028 G030700 0
028 G040700 33758
028 H000700 0
062 A000700 N
062 B000700 0.0
<PAGE> PAGE 32
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
071 A000700 130136
071 B000700 37675
071 C000700 444735
071 D000700 8
072 A000700 6
072 B000700 461
072 C000700 5113
072 D000700 0
072 E000700 0
072 F000700 1397
072 G000700 0
072 H000700 0
072 I000700 496
072 J000700 50
072 K000700 44
072 L000700 14
072 M000700 2
072 N000700 69
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 15
072 S000700 3
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 6
072 X000700 2096
072 Y000700 0
072 Z000700 3478
072AA000700 8468
072BB000700 0
072CC010700 81413
072CC020700 0
072DD010700 3505
<PAGE> PAGE 33
072DD020700 0
072EE000700 13136
073 A010700 0.1100
073 A020700 0.0000
073 B000700 0.4478
073 C000700 0.0000
074 A000700 509
074 B000700 0
074 C000700 24199
074 D000700 0
074 E000700 0
074 F000700 541224
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 5355
074 K000700 0
074 L000700 1582
074 M000700 0
074 N000700 572869
074 O000700 9624
074 P000700 368
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 281
074 S000700 0
074 T000700 562596
074 U010700 35397
074 U020700 0
074 V010700 15.89
074 V020700 0.00
074 W000700 0.0000
074 X000700 43480
074 Y000700 0
075 A000700 0
075 B000700 461501
076 000700 0.00
015 A000801 STATE STREET BANK AND TRUST COMPANY
015 B000801 C
015 C010801 BOSTON
015 C020801 MA
015 C030801 02105
015 E010801 X
015 A000802 CITIBANK, N.A.
015 B000802 S
015 C010802 N/A
015 D010802 ARGENTINA
015 E040802 X
015 A000803 WESTPAC BANKING CORPORATION
<PAGE> PAGE 34
015 B000803 S
015 C010803 N/A
015 D010803 AUSTRALIA
015 E040803 X
015 A000804 GIROCREDIT BANK AKTIENGESELLSCHAFT SPARKASSEN
015 B000804 S
015 C010804 N/A
015 D010804 AUSTRIA
015 E040804 X
015 A000805 STANDARD CHARTERED BANK
015 B000805 S
015 C010805 N/A
015 D010805 BANGLADESH
015 E040805 X
015 A000806 GENERALE BANK
015 B000806 S
015 C010806 N/A
015 D010806 BELGIUM
015 E040806 X
015 A000807 BARCLAYS BANK OF BOTSWANA
015 B000807 S
015 C010807 N/A
015 D010807 BOTSWANA
015 E040807 X
015 A000808 CITIBANK, N.A.
015 B000808 S
015 C010808 N/A
015 D010808 BRAZIL
015 E040808 X
015 A000809 CANADA TRUSTCO MORTGAGE COMPANY
015 B000809 S
015 C010809 N/A
015 D010809 CANADA
015 E040809 X
015 A000810 CITIBANK, N.A.
015 B000810 S
015 C010810 N/A
015 D010810 CHILE
015 E040810 X
015 A000811 HONG KONG & SHANGHAI BANKING CORP. LIMITED
015 B000811 S
015 C010811 N/A
015 D010811 CHINA
015 E040811 X
015 A000812 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B000812 S
015 C010812 N/A
015 D010812 COLOMBIA
015 E040812 X
015 A000813 BARCLAYS BANK PLC CYPRUS OFFSHORE BNKING UNIT
015 B000813 S
<PAGE> PAGE 35
015 C010813 N/A
015 D010813 CYPRUS
015 E040813 X
015 A000814 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B000814 S
015 C010814 N/A
015 D010814 CZECH REPUBLIC
015 E040814 X
015 A000815 DEN DANSKE BANK
015 B000815 S
015 C010815 N/A
015 D010815 DENMARK
015 E040815 X
015 A000816 CITIBANK, N.A.
015 B000816 S
015 C010816 N/A
015 D010816 ECUADOR
015 E040816 X
015 A000817 NATIONAL BANK OF EGYPT
015 B000817 S
015 C010817 N/A
015 D010817 EGYPT
015 E040817 X
015 A000818 MERITA BANK LIMITED
015 B000818 S
015 C010818 N/A
015 D010818 FINLAND
015 E040818 X
015 A000819 BANQUE PARIBAS
015 B000819 S
015 C010819 N/A
015 D010819 FRANCE
015 E040819 X
015 A000820 DRESDNER BANK A.G.
015 B000820 S
015 C010820 N/A
015 D010820 GERMANY
015 E040820 X
015 A000821 BARCLAYS BANK OF GHANA LIMITED
015 B000821 S
015 C010821 N/A
015 D010821 GHANA
015 E040821 X
015 A000822 NATIONAL BANK OF GREECE S.A.
015 B000822 S
015 C010822 N/A
015 D010822 GREECE
015 E040822 X
015 A000823 STANDARD CHARTERED BANK
015 B000823 S
015 C010823 N/A
<PAGE> PAGE 36
015 D010823 HONG KONG
015 E040823 X
015 A000824 CITIBANK BUDAPEST RT.
015 B000824 S
015 C010824 N/A
015 D010824 HUNGARY
015 E040824 X
015 A000825 DEUTSCHE BANK AG, HONG KONG & SHANGHAI BKING
015 B000825 S
015 C010825 N/A
015 D010825 INDIA
015 E040825 X
015 A000826 STANDARD CHARTERED BANK
015 B000826 S
015 C010826 N/A
015 D010826 INDONESIA
015 E040826 X
015 A000827 BANK OF IRELAND
015 B000827 S
015 C010827 N/A
015 D010827 IRELAND
015 E040827 X
015 A000828 BANK HAPOALIM B.M.
015 B000828 S
015 C010828 N/A
015 D010828 ISRAEL
015 E040828 X
015 A000829 MORGAN GUARANTY TRUST COMPANY
015 B000829 S
015 C010829 N/A
015 D010829 ITALY
015 E040829 X
015 A000830 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
015 B000830 S
015 C010830 N/A
015 D010830 IVORY COAST
015 E040830 X
015 A000831 THE DAIWABANK, LIMITED
015 B000831 S
015 C010831 N/A
015 D010831 JAPAN
015 E040831 X
015 A000832 THE FUJI BANK, LIMITED
015 B000832 S
015 C010832 N/A
015 D010832 JAPAN
015 E040832 X
015 A000833 THE SUMITOMO TRUST & BANKING CO., LTD.
015 B000833 S
015 C010833 N/A
015 D010833 JAPAN
<PAGE> PAGE 37
015 E040833 X
015 A000834 THE BRITISH BANK OF THE MIDDLE EAST
015 B000834 S
015 C010834 N/A
015 D010834 JORDAN
015 E040834 X
015 A000835 BARCLAYS BANK OF KEYNA LIMITED
015 B000835 S
015 C010835 N/A
015 D010835 KENYA
015 E040835 X
015 A000836 SEOULBANK
015 B000836 S
015 C010836 N/A
015 D010836 REPUBLIC OF KOREA
015 E040836 X
015 A000837 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B000837 S
015 C010837 N/A
015 D010837 MALAYSIA
015 E040837 X
015 A000838 HONG KONG & SHANGHAI BANKING CORP. LIMITED
015 B000838 S
015 C010838 N/A
015 D010838 MAURITIUS
015 E040838 X
015 A000839 CITIBANK MEXICO, S.A.
015 B000839 S
015 C010839 N/A
015 D010839 MEXICO
015 E040839 X
015 A000840 BANQUE COMMERIALE DU MAROC
015 B000840 S
015 C010840 N/A
015 D010840 MOROCCO
015 E040840 X
015 A000841 MEESPIERSON N.V.
015 B000841 S
015 C010841 N/A
015 D010841 NETHERLANDS
015 E040841 X
015 A000842 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B000842 S
015 C010842 N/A
015 D010842 NEW ZEALAND
015 E040842 X
015 A000843 CHRISTIANIA BANK OG KREDITKASSE
015 B000843 S
015 C010843 N/A
015 D010843 NORWAY
015 E040843 X
<PAGE> PAGE 38
015 A000844 DEUTSCHE BANK AG
015 B000844 S
015 C010844 N/A
015 D010844 PAKISTAN
015 E040844 X
015 A000845 CITIBANK, N.A.
015 B000845 S
015 C010845 N/A
015 D010845 PERU
015 E040845 X
015 A000846 STANDARD CHARTERED BANK
015 B000846 S
015 C010846 N/A
015 D010846 PHILIPPINES
015 E040846 X
015 A000847 CITIBANK POLAND S.A.
015 B000847 S
015 C010847 N/A
015 D010847 POLAND
015 E040847 X
015 A000848 BANCO COMMERCIAL PORTUGUES
015 B000848 S
015 C010848 N/A
015 D010848 PORTUGAL
015 E040848 X
015 A000849 CREDIT SUISSE, ZURICH VIA MOSCOW
015 B000849 S
015 C010849 N/A
015 D010849 RUSSIA
015 E040849 X
015 A000850 DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000850 S
015 C010850 N/A
015 D010850 SINGAPORE
015 E040850 X
015 A000851 CESKOSLOVENSKA OBCHODNA BANKA A.S.
015 B000851 S
015 C010851 N/A
015 D010851 SLOVAK REPUBLIC
015 E040851 X
015 A000852 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000852 S
015 C010852 N/A
015 D010852 SOUTH AFRICA
015 E040852 X
015 A000853 BANCO SANTANDER, S.A.
015 B000853 S
015 C010853 N/A
015 D010853 SPAIN
015 E040853 X
015 A000854 HONG KONG & SHANGHAI BANKING CORP. LIMITED
<PAGE> PAGE 39
015 B000854 S
015 C010854 N/A
015 D010854 SRI LANKA
015 E040854 X
015 A000855 BARCLAYS BANK OF SWAZILAND LIMITED
015 B000855 S
015 C010855 N/A
015 D010855 SWAZILAND
015 E040855 X
015 A000856 SKANDINAVISKA ENSKILDA BANKEN
015 B000856 S
015 C010856 N/A
015 D010856 SWEDEN
015 E040856 X
015 A000857 UNION BANK OF SWITZERLAND
015 B000857 S
015 C010857 N/A
015 D010857 SWITZERLAND
015 E040857 X
015 A000858 CENTRAL TRUST OF CHINA
015 B000858 S
015 C010858 N/A
015 D010858 TAIWAN - R.O.C.
015 E040858 X
015 A000859 STANDARD CHARTERED BANK
015 B000859 S
015 C010859 N/A
015 D010859 THAILAND
015 E040859 X
015 A000860 CITIBANK, N.A.
015 B000860 S
015 C010860 N/A
015 D010860 TURKEY
015 E040860 X
015 A000861 STATE STREET BANK AND TRUST COMPANY
015 B000861 S
015 C010861 N/A
015 D010861 UNITED KINGDOM
015 E040861 X
015 A000862 CITIBANK, N.A.
015 B000862 S
015 C010862 N/A
015 D010862 URUGUAY
015 E040862 X
015 A000863 CITIBANK, N.A.
015 B000863 S
015 C010863 N/A
015 D010863 VENEZUELA
015 E040863 X
015 A000864 BARCLAYS BANK OF ZAMBIA LIMITED
015 B000864 S
<PAGE> PAGE 40
015 C010864 N/A
015 D010864 ZAMBIA
015 E040864 X
015 A000865 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B000865 S
015 C010865 N/A
015 D010865 ZIMBABWE
015 E040865 X
015 A000866 THE EUROCLEAR SYSTEM
015 B000866 S
015 C010866 N/A
015 D010866 BELGIUM
015 E040866 X
015 A000867 CEDEL BANK
015 B000867 S
015 C010867 N/A
015 D010867 LUXEMBURG
015 E040867 X
015 A000868 BANQUE PARIBAS
015 B000868 S
015 C010868 N/A
015 D010868 ITALY
015 E040868 X
028 A010800 5383
028 A020800 438
028 A030800 0
028 A040800 4349
028 B010800 3975
028 B020800 469
028 B030800 0
028 B040800 3418
028 C010800 5870
028 C020800 457
028 C030800 0
028 C040800 4064
028 D010800 6010
028 D020800 447
028 D030800 0
028 D040800 3465
028 E010800 5063
028 E020800 555
028 E030800 0
028 E040800 3909
028 F010800 7516
028 F020800 495
028 F030800 0
028 F040800 4528
028 G010800 33817
028 G020800 2861
028 G030800 0
028 G040800 23733
<PAGE> PAGE 41
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 1.1
062 J000800 0.0
062 K000800 0.0
062 L000800 33.8
062 M000800 3.1
062 N000800 0.0
062 O000800 0.0
062 P000800 60.8
062 Q000800 0.0
062 R000800 0.0
063 A000800 0
063 B000800 2.4
064 A000800 Y
064 B000800 N
071 A000800 21085
071 B000800 13039
071 C000800 67253
071 D000800 19
072 A000800 6
072 B000800 3563
072 C000800 0
072 D000800 0
072 E000800 0
072 F000800 130
072 G000800 0
072 H000800 0
072 I000800 121
072 J000800 29
072 K000800 9
072 L000800 6
072 M000800 2
072 N000800 19
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 14
072 S000800 2
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 3
072 X000800 335
<PAGE> PAGE 42
072 Y000800 65
072 Z000800 3293
072AA000800 451
072BB000800 0
072CC010800 1083
072CC020800 0
072DD010800 3293
072DD020800 52
072EE000800 0
073 A010800 0.3037
073 A020800 0.0000
073 B000800 0.0046
073 C000800 0.0000
074 A000800 55
074 B000800 0
074 C000800 41634
074 D000800 72420
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 1731
074 M000800 0
074 N000800 115840
074 O000800 0
074 P000800 86
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 295
074 S000800 0
074 T000800 115459
074 U010800 11630
074 U020800 0
074 V010800 9.93
074 V020800 0.00
074 W000800 0.0000
074 X000800 7924
074 Y000800 0
075 A000800 0
075 B000800 107104
076 000800 0.00
SIGNATURE MICHAEL J.C. ROTH
TITLE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000102401
<NAME> USAA MUTUAL FUND, INC.
<SERIES>
<NUMBER> 1
<NAME> USAA GROWTH FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 1,217,632
<INVESTMENTS-AT-VALUE> 1,387,541
<RECEIVABLES> 18,768
<ASSETS-OTHER> 319
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,406,628
<PAYABLE-FOR-SECURITIES> 19,881
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,055
<TOTAL-LIABILITIES> 21,936
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,167,532
<SHARES-COMMON-STOCK> 70,057
<SHARES-COMMON-PRIOR> 57,972
<ACCUMULATED-NII-CURRENT> 710
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 46,541
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 169,909
<NET-ASSETS> 1,384,692
<DIVIDEND-INCOME> 17,525
<INTEREST-INCOME> 445
<OTHER-INCOME> 0
<EXPENSES-NET> (6,343)
<NET-INVESTMENT-INCOME> 11,627
<REALIZED-GAINS-CURRENT> 69,612
<APPREC-INCREASE-CURRENT> 140,136
<NET-CHANGE-FROM-OPS> 221,375
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (21,643)
<DISTRIBUTIONS-OF-GAINS> (190,389)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,195
<NUMBER-OF-SHARES-REDEEMED> (5,038)
<SHARES-REINVESTED> 11,928
<NET-CHANGE-IN-ASSETS> 222,430
<ACCUMULATED-NII-PRIOR> 10,726
<ACCUMULATED-GAINS-PRIOR> 167,318
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,793
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,343
<AVERAGE-NET-ASSETS> 1,262,391
<PER-SHARE-NAV-BEGIN> 20.05
<PER-SHARE-NII> 0.17
<PER-SHARE-GAIN-APPREC> 3.09
<PER-SHARE-DIVIDEND> (0.34)
<PER-SHARE-DISTRIBUTIONS> (3.21)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 19.76
<EXPENSE-RATIO> 0.99
<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> USAA AGGRESSIVE GROWTH FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 517,356
<INVESTMENTS-AT-VALUE> 753,753
<RECEIVABLES> 5,515
<ASSETS-OTHER> 385
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 759,653
<PAYABLE-FOR-SECURITIES> 6,351
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 957
<TOTAL-LIABILITIES> 7,308
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 514,637
<SHARES-COMMON-STOCK> 24,233
<SHARES-COMMON-PRIOR> 21,784
<ACCUMULATED-NII-CURRENT> (1,695)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,006
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 236,397
<NET-ASSETS> 752,345
<DIVIDEND-INCOME> 187
<INTEREST-INCOME> 694
<OTHER-INCOME> 0
<EXPENSES-NET> (2,571)
<NET-INVESTMENT-INCOME> (1,690)
<REALIZED-GAINS-CURRENT> 3,034
<APPREC-INCREASE-CURRENT> 82,086
<NET-CHANGE-FROM-OPS> 83,430
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (12,865)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,338
<NUMBER-OF-SHARES-REDEEMED> (3,281)
<SHARES-REINVESTED> 392
<NET-CHANGE-IN-ASSETS> 144,908
<ACCUMULATED-NII-PRIOR> (5)
<ACCUMULATED-GAINS-PRIOR> 12,837
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,390
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,571
<AVERAGE-NET-ASSETS> 704,841
<PER-SHARE-NAV-BEGIN> 27.88
<PER-SHARE-NII> (0.07)
<PER-SHARE-GAIN-APPREC> 3.80
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.57)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 31.04
<EXPENSE-RATIO> 0.72
<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> USAA INCOME FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 1,635,575
<INVESTMENTS-AT-VALUE> 1,668,189
<RECEIVABLES> 37,299
<ASSETS-OTHER> 216
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,705,704
<PAYABLE-FOR-SECURITIES> 15,297
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,450
<TOTAL-LIABILITIES> 18,747
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,671,553
<SHARES-COMMON-STOCK> 137,319
<SHARES-COMMON-PRIOR> 145,190
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (818)
<ACCUMULATED-NET-GAINS> (16,392)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 32,614
<NET-ASSETS> 1,686,957
<DIVIDEND-INCOME> 6,752
<INTEREST-INCOME> 55,214
<OTHER-INCOME> 0
<EXPENSES-NET> (3,503)
<NET-INVESTMENT-INCOME> 58,463
<REALIZED-GAINS-CURRENT> (12,039)
<APPREC-INCREASE-CURRENT> 59,456
<NET-CHANGE-FROM-OPS> 105,880
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (59,582)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,604
<NUMBER-OF-SHARES-REDEEMED> (16,448)
<SHARES-REINVESTED> 3,973
<NET-CHANGE-IN-ASSETS> (50,349)
<ACCUMULATED-NII-PRIOR> 301
<ACCUMULATED-GAINS-PRIOR> (4,353)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,112
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,503
<AVERAGE-NET-ASSETS> 1,741,093
<PER-SHARE-NAV-BEGIN> 11.97
<PER-SHARE-NII> 0.43
<PER-SHARE-GAIN-APPREC> 0.30
<PER-SHARE-DIVIDEND> (0.42)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.28
<EXPENSE-RATIO> 0.40
<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> USAA MONEY MARKET FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 2,013,428
<INVESTMENTS-AT-VALUE> 2,013,428
<RECEIVABLES> 24,500
<ASSETS-OTHER> 10,369
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,048,297
<PAYABLE-FOR-SECURITIES> 32,387
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15,741
<TOTAL-LIABILITIES> 48,128
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,000,169
<SHARES-COMMON-STOCK> 2,000,169
<SHARES-COMMON-PRIOR> 1,828,749
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 2,000,169
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 53,323
<OTHER-INCOME> 0
<EXPENSES-NET> (4,333)
<NET-INVESTMENT-INCOME> 48,990
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 48,990
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (48,990)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,309,151
<NUMBER-OF-SHARES-REDEEMED> (1,185,051)
<SHARES-REINVESTED> 47,320
<NET-CHANGE-IN-ASSETS> 171,420
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,312
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,824
<AVERAGE-NET-ASSETS> 1,910,863
<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> USAA INCOME STOCK FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 1,589,507
<INVESTMENTS-AT-VALUE> 1,978,403
<RECEIVABLES> 16,573
<ASSETS-OTHER> 404
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,995,380
<PAYABLE-FOR-SECURITIES> 4,702
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,784
<TOTAL-LIABILITIES> 7,486
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,588,483
<SHARES-COMMON-STOCK> 114,176
<SHARES-COMMON-PRIOR> 107,920
<ACCUMULATED-NII-CURRENT> 5,378
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,137
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 388,896
<NET-ASSETS> 1,987,894
<DIVIDEND-INCOME> 51,493
<INTEREST-INCOME> 1,268
<OTHER-INCOME> 0
<EXPENSES-NET> (6,444)
<NET-INVESTMENT-INCOME> 46,317
<REALIZED-GAINS-CURRENT> 37,116
<APPREC-INCREASE-CURRENT> 215,644
<NET-CHANGE-FROM-OPS> 299,077
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (43,334)
<DISTRIBUTIONS-OF-GAINS> (80,728)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,451
<NUMBER-OF-SHARES-REDEEMED> (9,383)
<SHARES-REINVESTED> 7,188
<NET-CHANGE-IN-ASSETS> 277,125
<ACCUMULATED-NII-PRIOR> 2,395
<ACCUMULATED-GAINS-PRIOR> 48,749
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,644
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,444
<AVERAGE-NET-ASSETS> 1,839,854
<PER-SHARE-NAV-BEGIN> 15.85
<PER-SHARE-NII> 0.41
<PER-SHARE-GAIN-APPREC> 2.28
<PER-SHARE-DIVIDEND> (0.39)
<PER-SHARE-DISTRIBUTIONS> (0.74)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 17.41
<EXPENSE-RATIO> 0.69
<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> USAA GROWTH & INCOME FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 438,862
<INVESTMENTS-AT-VALUE> 565,423
<RECEIVABLES> 6,937
<ASSETS-OTHER> 509
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 572,869
<PAYABLE-FOR-SECURITIES> 9,624
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 649
<TOTAL-LIABILITIES> 10,273
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 430,298
<SHARES-COMMON-STOCK> 35,397
<SHARES-COMMON-PRIOR> 27,628
<ACCUMULATED-NII-CURRENT> 405
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,332
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 126,561
<NET-ASSETS> 562,596
<DIVIDEND-INCOME> 5,113
<INTEREST-INCOME> 461
<OTHER-INCOME> 0
<EXPENSES-NET> (2,096)
<NET-INVESTMENT-INCOME> 3,478
<REALIZED-GAINS-CURRENT> 8,468
<APPREC-INCREASE-CURRENT> 81,413
<NET-CHANGE-FROM-OPS> 93,359
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,505)
<DISTRIBUTIONS-OF-GAINS> (13,136)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,898
<NUMBER-OF-SHARES-REDEEMED> (2,280)
<SHARES-REINVESTED> 1,151
<NET-CHANGE-IN-ASSETS> 190,795
<ACCUMULATED-NII-PRIOR> 432
<ACCUMULATED-GAINS-PRIOR> 10,000
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,397
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,096
<AVERAGE-NET-ASSETS> 461,501
<PER-SHARE-NAV-BEGIN> 13.46
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 2.88
<PER-SHARE-DIVIDEND> (0.11)
<PER-SHARE-DISTRIBUTIONS> (0.45)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.89
<EXPENSE-RATIO> 0.90
<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> USAA SHORT-TERM BOND FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-END> JAN-31-1997
<INVESTMENTS-AT-COST> 114,010
<INVESTMENTS-AT-VALUE> 114,054
<RECEIVABLES> 1,731
<ASSETS-OTHER> 55
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 115,840
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 381
<TOTAL-LIABILITIES> 381
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 115,393
<SHARES-COMMON-STOCK> 11,630
<SHARES-COMMON-PRIOR> 10,323
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 22
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 44
<NET-ASSETS> 115,459
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,563
<OTHER-INCOME> 0
<EXPENSES-NET> (270)
<NET-INVESTMENT-INCOME> 3,293
<REALIZED-GAINS-CURRENT> 451
<APPREC-INCREASE-CURRENT> 1,083
<NET-CHANGE-FROM-OPS> 4,827
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,293)
<DISTRIBUTIONS-OF-GAINS> (52)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,419
<NUMBER-OF-SHARES-REDEEMED> (2,401)
<SHARES-REINVESTED> 289
<NET-CHANGE-IN-ASSETS> 14,427
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (377)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 130
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 335
<AVERAGE-NET-ASSETS> 107,104
<PER-SHARE-NAV-BEGIN> 9.79
<PER-SHARE-NII> 0.30
<PER-SHARE-GAIN-APPREC> 0.15
<PER-SHARE-DIVIDEND> (0.30)
<PER-SHARE-DISTRIBUTIONS> (0.01)
<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>