KOPP FUNDS INC
NSAR-A, 1998-05-27
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<PAGE>      PAGE  1
000 A000000 03/31/98
000 C000000 0001040566
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 KOPP FUNDS, INC.
001 B000000 811-8267
001 C000000 4142873325
002 A000000 615 E. MICHIGAN STREET
002 B000000 MILWAUKEE
002 C000000 WI
002 D010000 53202
003  000000 Y
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 KOPP EMERGING GROWTH FUND
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 KOPP INVESTMENT ADVISORS, INC.
008 B00AA01 A
008 C00AA01 801-36574
008 D01AA01 EDINA
008 D02AA01 MN
008 D03AA01 55435
010 A00AA01 FIRSTAR TRUST COMPANY
010 B00AA01 85-00410
010 C01AA01 MILWAUKEE
010 C02AA01 WI
010 C03AA01 53202
011 A00AA01 CENTENNIAL LAKES CAPITAL, INC.
011 B00AA01 8-50198
011 C01AA01 EDINA
011 C02AA01 MN
011 C03AA01 55435
012 A00AA01 FIRSTAR TRUST COMPANY
<PAGE>      PAGE  2
012 B00AA01 85-00410
012 C01AA01 MILWAUKEE
012 C02AA01 WI
012 C03AA01 53202
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
014 A00AA01 CENTENNIAL LAKES CAPITAL, INC.
014 B00AA01 8-50198
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020 C000002     43
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020 C000007      5
020 A000008 LEWCO/HAMBRECHT & QUIST
020 C000008      4
020 A000009 ALEX BROWN & SONS, INC.
020 C000009      3
020 A000010 GLAZER CL & CO.
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<PAGE>      PAGE  9
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SIGNATURE   KATHLEEN S. TILLOTSON
TITLE       EXEC. VICE PRESIDENT


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001040566
<NAME> KOPP EMERGING GROWTH FUND - RETAIL
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                      362,838,159
<INVESTMENTS-AT-VALUE>                     336,568,371
<RECEIVABLES>                                2,514,117
<ASSETS-OTHER>                                 199,699
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             339,282,187
<PAYABLE-FOR-SECURITIES>                     1,454,353
<SENIOR-LONG-TERM-DEBT>                              0
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   363,920,316
<SHARES-COMMON-STOCK>                       36,243,125
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                  (1,132,947)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                  (26,269,788)
<NET-ASSETS>                               336,517,581
<DIVIDEND-INCOME>                               27,050
<INTEREST-INCOME>                              368,450
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,813,419
<NET-INVESTMENT-INCOME>                    (1,417,919)
<REALIZED-GAINS-CURRENT>                       284,972
<APPREC-INCREASE-CURRENT>                 (26,269,788)
<NET-CHANGE-FROM-OPS>                     (27,402,735)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
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<NUMBER-OF-SHARES-REDEEMED>                  1,616,536
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<ACCUMULATED-NII-PRIOR>                              0
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<GROSS-EXPENSE>                              2,249,988
<AVERAGE-NET-ASSETS>                       234,349,946
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                 (0.04)
<PER-SHARE-GAIN-APPREC>                         (1.56)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.40
<EXPENSE-RATIO>                                   1.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001040566
<NAME> KOPP EMERGING GROWTH FUND - INSTITUTIONAL
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                      362,838,159
<INVESTMENTS-AT-VALUE>                     336,568,371
<RECEIVABLES>                                2,514,117
<ASSETS-OTHER>                                 199,699
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             339,282,187
<PAYABLE-FOR-SECURITIES>                     1,454,353
<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                          2,764,606
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   363,920,316
<SHARES-COMMON-STOCK>                        3,786,462
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                  (1,132,947)
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<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
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</TABLE>


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