PRINCIPAL CAPITAL ACCUMULATION FUND INC
NSAR-A, 1996-08-22
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<PAGE>      PAGE  1
000 A000000 06/30/96
000 C000000 0000012601
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 I000000 3.0.a
000 J000000 A
001 A000000 PRINCIPAL CAPITAL ACCUMULATION FUND, INC.
001 B000000 811-1944
001 C000000 5152475476
002 A000000 THE PRINCIPAL FINANCIAL GROUP
002 B000000 DES MOINES
002 C000000 IA
002 D010000 50392
002 D020000 0200
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015 A000001 BANK OF NEW YORK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
015 E010001 X
019 B000000    0
020 A000001 LIPPER ANALYTICAL
020 B000001 13-2792478
020 C000001     11
020 A000002 EXECUTION SERVICES INCORPORATED
020 B000002 13-2862329
020 C000002      5
020 A000003 BEAR STEARNS & CO.
020 B000003 13-3299429
020 C000003      4
020 A000004 INVESTMENT TECHNOLOGY GROUP
020 B000004 95-4339369
<PAGE>      PAGE  2
020 C000004      4
020 A000005 FIRST BOSTON CORP.
020 B000005 13-5659485
020 C000005      3
020 A000006 BAIRD, ROBERT W. & CO.
020 B000006 39-6037917
020 C000006      3
020 A000007 CANTOR, FITZGERALD & CO. INC.
020 B000007 95-1786286
020 C000007      3
020 A000008 GOLDMAN SACHS CO.
020 B000008 13-5108880
020 C000008      3
020 A000009 D. M. KELLY & CO.
020 B000009 42-1439008
020 C000009      2
020 A000010 FURMAN SELZ INC.
020 B000010 13-2753731
020 C000010      2
021  000000       67
022 A000001 GENERAL ELECTRIC CAPITAL CORP.
022 B000001 13-1500700
022 C000001    189836
022 D000001         0
022 A000002 ASSOCIATES CORPORATION OF NORTH AMERICA
022 B000002 74-1494554
022 C000002    180286
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022 C000006     15340
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022 B000008 22-2231168
022 C000008      6388
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022 A000009 CIT GROUP HOLDINGS
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022 C000009      2632
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SIGNATURE   A. S. FILEAN                                 
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1996
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<INVESTMENTS-AT-VALUE>                     172,894,117
<RECEIVABLES>                                3,003,305
<ASSETS-OTHER>                                       0
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<SENIOR-LONG-TERM-DEBT>                              0
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<ACCUMULATED-NII-CURRENT>                    1,397,395
<OVERDISTRIBUTION-NII>                               0
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                   (3,248,528)
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<NUMBER-OF-SHARES-REDEEMED>                  (843,955)
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<PER-SHARE-NII>                                    .24
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<PER-SHARE-DIVIDEND>                             (.01)
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<EXPENSE-RATIO>                                    .49
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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