PRINCIPAL SMALLCAP FUND INC
NSAR-A, 1999-06-15
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000 A000000 04/30/99
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001 A000000 PRINCIPAL SMALLCAP FUND, INC
001 B000000 811-08381
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002 A000000 PRINCIPAL FINANCIAL GROUP
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008 A000002 INVISTA CAPITAL MANAGEMENT, LLC
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020 A000001 JEFFRIES & COMPANY
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020 A000002 INSTINET CO
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020 A000003 EXECUTION SERVICES, INC.
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020 A000004 WEEDEN & CO
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020 C000004      5
020 A000005 BAIRD, ROBERT W. & CO.
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020 A000006 BEAR STEARNS & CO
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SIGNATURE   A S FILEAN
TITLE       VICE PRES/SECRETARY


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

<TABLE> <S> <C>

<ARTICLE> 6

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

<TABLE> <S> <C>

<ARTICLE> 6

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<EXPENSE-RATIO>                                   2.66



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<NET-ASSETS>                                47,995,275
<DIVIDEND-INCOME>                              117,847
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (394,898)
<NET-INVESTMENT-INCOME>                      (222,389)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.06
<EXPENSE-RATIO>                                   2.01



</TABLE>


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