PRINCOR GROWTH FUND INC
NSAR-A, 1997-06-18
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<PAGE>      PAGE  1
000 A000000 04/30/97
000 C000000 0000012602
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 I000000 3.0.a
000 J000000 U
001 A000000 PRINCOR GROWTH FUND, INC.
001 B000000 811-01873
001 C000000 5152475476
002 A000000 THE PRINCIPAL FINANCIAL GROUP
002 B000000 DES MOINES
002 C000000 IA
002 D010000 50392
002 D020000 0200
003  000000 N
004  000000 N
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020 A000001 MORGAN, J.P. SECURITIES
020 B000001 13-3224016
020 C000001      3
020 A000002 WERTHEIM, SCHROEDER
020 B000002 13-2697272
020 C000002      3
021  000000        7
022 A000001 ASSOCIATES CORPORATION OF NORTH AMERICA
022 B000001 74-1494554
022 C000001    932317
022 D000001         0
022 A000002 GENERAL ELECTRIC CAPITAL CORP.
022 B000002 13-1500700
022 C000002    101205
022 D000002         0
022 A000003 FORD MOTOR CREDIT CO.
022 B000003 38-1612444
022 C000003     53311
022 D000003         0
022 A000004 AMERICAN EXPRESS CREDIT CORPORATION
022 B000004 11-1988350
022 C000004     44448
022 D000004         0
022 A000005 MERRILL LYNCH MONEY MARKET SECURITIES
022 B000005 13-2761776
022 C000005     43559
022 D000005         0
022 A000006 CHEVRON OIL FINANCE CO.
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022 B000007 42-1192999
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022 A000008 BENEFICIAL CORP.
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022 C000008     22432
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022 A000009 CIT GROUP HOLDINGS
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SIGNATURE   A. S. FILEAN                                 
TITLE       VICE PRESIDENT      
 

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

<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
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<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               APR-30-1997
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<INVESTMENTS-AT-VALUE>                     307,515,331
<RECEIVABLES>                                  788,570
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<NUMBER-OF-SHARES-SOLD>                        662,086
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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
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               APR-30-1997
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<INVESTMENTS-AT-VALUE>                     307,515,331
<RECEIVABLES>                                  788,570
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<PAID-IN-CAPITAL-COMMON>                   206,855,448
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<SHARES-COMMON-PRIOR>                          609,206
<ACCUMULATED-NII-CURRENT>                      518,968
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<ACCUM-APPREC-OR-DEPREC>                    99,084,467
<NET-ASSETS>                               307,964,849
<DIVIDEND-INCOME>                            1,791,298
<INTEREST-INCOME>                              656,417
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,611,527)
<NET-INVESTMENT-INCOME>                        836,188
<REALIZED-GAINS-CURRENT>                     1,506,049
<APPREC-INCREASE-CURRENT>                   28,686,117
<NET-CHANGE-FROM-OPS>                       31,028,354
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (14,920)
<DISTRIBUTIONS-OF-GAINS>                     (232,703)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        154,755
<NUMBER-OF-SHARES-REDEEMED>                   (49,095)
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<PER-SHARE-GAIN-APPREC>                           4.60
<PER-SHARE-DIVIDEND>                             (.02)
<PER-SHARE-DISTRIBUTIONS>                        (.38)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              43.63
<EXPENSE-RATIO>                                   1.71
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                      208,430,864
<INVESTMENTS-AT-VALUE>                     307,515,331
<RECEIVABLES>                                  788,570
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<OTHER-ITEMS-ASSETS>                             2,001
<TOTAL-ASSETS>                             308,317,475
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      352,626
<TOTAL-LIABILITIES>                            352,626
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   206,855,448
<SHARES-COMMON-STOCK>                          212,388
<SHARES-COMMON-PRIOR>                           51,112
<ACCUMULATED-NII-CURRENT>                      518,968
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,505,966
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    99,084,467
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<DIVIDEND-INCOME>                            1,791,298
<INTEREST-INCOME>                              656,417
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,611,527)
<NET-INVESTMENT-INCOME>                        836,188
<REALIZED-GAINS-CURRENT>                     1,506,049
<APPREC-INCREASE-CURRENT>                   28,686,117
<NET-CHANGE-FROM-OPS>                       31,028,354
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (8,729)
<DISTRIBUTIONS-OF-GAINS>                      (27,484)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        167,414
<NUMBER-OF-SHARES-REDEEMED>                    (6,997)
<SHARES-REINVESTED>                                859
<NET-CHANGE-IN-ASSETS>                      53,571,554
<ACCUMULATED-NII-PRIOR>                        682,686
<ACCUMULATED-GAINS-PRIOR>                    2,438,715
<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,611,527
<AVERAGE-NET-ASSETS>                       288,791,949
<PER-SHARE-NAV-BEGIN>                            39.40
<PER-SHARE-NII>                                    .06
<PER-SHARE-GAIN-APPREC>                           4.55
<PER-SHARE-DIVIDEND>                             (.09)
<PER-SHARE-DISTRIBUTIONS>                        (.38)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              43.54
<EXPENSE-RATIO>                                   1.61
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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