BRIDGES INVESTMENT FUND INC
NSAR-B, 1997-02-24
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<PAGE>      PAGE  1
000 B000000 12/31/96
000 C000000 0000014170
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001 A000000 BRIDGES INVESTMENT FUND, INC.
001 B000000 811-1209
001 C000000 4023974700
002 A000000 8401 WEST DODGE ROAD; SUITE 256
002 B000000 OMAHA
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002 D010000 68114
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008 D030001 68114
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012 A000001 BRIDGES INVESTOR SERVICES,INC.
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013 A000001 ARTHUR ANDERSEN LLP; 1700 FARNAM STREET
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013 B030001 68102
015 A000001 FIRST BANK NATIONAL ASSOCIATION
<PAGE>      PAGE  2
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SIGNATURE   NANCY DODGE                                  
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Thirty-Fourth Annual Shareholder Report 1996 and is qualified in its entirety by
reference to such report.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                       18,891,451
<INVESTMENTS-AT-VALUE>                      29,231,244
<RECEIVABLES>                                  134,617
<ASSETS-OTHER>                                 117,812
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              29,483,673
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      234,185
<TOTAL-LIABILITIES>                            234,185
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    18,907,873
<SHARES-COMMON-STOCK>                        1,190,831
<SHARES-COMMON-PRIOR>                        1,116,620
<ACCUMULATED-NII-CURRENT>                        4,732
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (2,910)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    10,339,793
<NET-ASSETS>                                29,249,488
<DIVIDEND-INCOME>                              413,094
<INTEREST-INCOME>                              463,382
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 237,825
<NET-INVESTMENT-INCOME>                        639,251
<REALIZED-GAINS-CURRENT>                       310,925
<APPREC-INCREASE-CURRENT>                    3,502,945
<NET-CHANGE-FROM-OPS>                        4,453,121
<EQUALIZATION>                                   4,640
<DISTRIBUTIONS-OF-INCOME>                      639,251
<DISTRIBUTIONS-OF-GAINS>                       304,773
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        123,285
<NUMBER-OF-SHARES-REDEEMED>                     49,074
<SHARES-REINVESTED>                             34,880
<NET-CHANGE-IN-ASSETS>                       4,453,121
<ACCUMULATED-NII-PRIOR>                          4,199
<ACCUMULATED-GAINS-PRIOR>                      (9,062)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          135,586
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                237,225
<AVERAGE-NET-ASSETS>                        27,117,305
<PER-SHARE-NAV-BEGIN>                            21.54
<PER-SHARE-NII>                                   0.55
<PER-SHARE-GAIN-APPREC>                           3.28
<PER-SHARE-DIVIDEND>                              0.55
<PER-SHARE-DISTRIBUTIONS>                         0.81
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              24.56
<EXPENSE-RATIO>                                   0.87
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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