DELAWARE GROUP EQUITY FUNDS I INC
NSAR-A, 1998-06-16
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<PAGE>      PAGE  1
000 A000000 04/30/98
000 C000000 0000027801
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 DELAWARE GROUP EQUITY FUNDS I, INC.
001 B000000 811-249
001 C000000 2152552127
002 A000000 2005 MARKET STREET
002 B000000 PHILADELPHIA
002 C000000 PA
002 D010000 19103
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 DELAWARE FUND
007 C030100 N
007 C010200  2
007 C020200 DEVON FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH
020 B000001 13-5674085
020 C000001     50
020 A000002 ROULSTON & CO., INC.
020 C000002     36
020 A000003 MORGAN (J.P.) SECURITIES
020 B000003 13-3224016
020 C000003     36
020 A000004 PRUDENTIAL SECURITIES
020 B000004 22-2347336
020 C000004     32
020 A000005 ALPHA MANAGEMENT, INC.
020 B000005 94-3105302
020 C000005     27
020 A000006 UBS SECURITIES
<PAGE>      PAGE  2
020 B000006 13-2932996
020 C000006     24
020 A000007 PAINEWEBBER, INC.
020 B000007 13-2638166
020 C000007     22
020 A000008 CAPEL (JAMES) INCORPORATED
020 B000008 52-1348224
020 C000008     19
020 A000009 H.D. VEST INVESTMENT SECURITIES, INC.
020 B000009 75-1869963
020 C000009     17
020 A000010 LEGG MASON WOOK WALKER, INC.
020 C000010     16
021  000000      480
022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000001 13-5674085
022 C000001     43333
022 D000001     39170
022 A000002 PAINEWEBBER, INC.
022 B000002 13-2638166
022 C000002     34385
022 D000002     27282
022 A000003 FIRST BOSTON CORPORATION (THE)
022 B000003 13-5659485
022 C000003     26301
022 D000003     34300
022 A000004 NOMURA SECURITIES INTERNATIONAL, INC.
022 B000004 13-2642206
022 C000004     24583
022 D000004     20397
022 A000005 GOLDMAN, SACHS & CO.
022 B000005 13-5108880
022 C000005     18621
022 D000005     17080
022 A000006 STARBOARD CAPITAL MARKETS, INC.
022 B000006 23-2770786
022 C000006     22337
022 D000006       278
022 A000007 CLARK (G.X.) & CO.
022 B000007 13-2969143
022 C000007         0
022 D000007     22234
022 A000008 PRUDENTIAL SECURITIES
022 B000008 22-2347336
022 C000008      8007
022 D000008      7615
022 A000009 DONALDSON, LUFKIN & JENRETTE SECURITIES, CORP
022 B000009 13-2741729
022 C000009     10048
022 D000009      5020
022 A000010 MORGAN STANLEY & CO., INC.
<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  10
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SIGNATURE   DONNA D. BRYEN                               
TITLE       ASSISTANT VP        
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027801
<NAME> DELAWARE GROUP EQUITY FUNDS I, INC.
<SERIES>
   <NUMBER> 011
   <NAME> DELAWARE FUND A CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                      671,538,435
<INVESTMENTS-AT-VALUE>                     826,235,371
<RECEIVABLES>                               22,104,984
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                         2,451,603
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<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                         24,105,595
<SENIOR-EQUITY>                             35,610,572
<PAID-IN-CAPITAL-COMMON>                   587,276,012
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<SHARES-COMMON-PRIOR>                       24,154,955
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<OVERDISTRIBUTION-GAINS>                             0
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<APPREC-INCREASE-CURRENT>                   51,068,374
<NET-CHANGE-FROM-OPS>                      107,616,048
<EQUALIZATION>                                       0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027801
<NAME> DELAWARE GROUP EQUITY FUNDS I, INC.
<SERIES>
   <NUMBER> 012
   <NAME> DELAWARE FUND B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               APR-30-1998
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<INVESTMENTS-AT-VALUE>                     826,235,371
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027801
<NAME> DELAWARE GROUP EQUITY FUNDS I, INC.
<SERIES>
   <NUMBER> 013
   <NAME> DELAWARE FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<DISTRIBUTIONS-OF-GAINS>                       985,860
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<EXPENSE-RATIO>                                   1.79
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027801
<NAME> DELAWARE GROUP EQUITY FUNDS I, INC.
<SERIES>
   <NUMBER> 014
   <NAME> DELAWARE FUND INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               APR-30-1998
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<INVESTMENTS-AT-VALUE>                     826,235,371
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<TOTAL-LIABILITIES>                         24,105,595
<SENIOR-EQUITY>                             35,610,572
<PAID-IN-CAPITAL-COMMON>                   587,276,012
<SHARES-COMMON-STOCK>                        7,589,609
<SHARES-COMMON-PRIOR>                        6,658,680
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<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                             0
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<APPREC-INCREASE-CURRENT>                   51,068,374
<NET-CHANGE-FROM-OPS>                      107,616,048
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    2,249,406
<DISTRIBUTIONS-OF-GAINS>                    17,376,596
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        724,716
<NUMBER-OF-SHARES-REDEEMED>                    709,717
<SHARES-REINVESTED>                            915,930
<NET-CHANGE-IN-ASSETS>                      95,313,159
<ACCUMULATED-NII-PRIOR>                      2,991,674
<ACCUMULATED-GAINS-PRIOR>                   82,440,895
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,983,800
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,808,385
<AVERAGE-NET-ASSETS>                       166,172,313
<PER-SHARE-NAV-BEGIN>                           23.000
<PER-SHARE-NII>                                  0.293
<PER-SHARE-GAIN-APPREC>                          2.897
<PER-SHARE-DIVIDEND>                             0.320
<PER-SHARE-DISTRIBUTIONS>                        2.600
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             23.270
<EXPENSE-RATIO>                                   0.79
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027801
<NAME> DELAWARE GROUP EQUITY FUNDS I, INC.
<SERIES>
   <NUMBER> 021
   <NAME> DEVON FUND A CLASS
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                      141,990,210
<INVESTMENTS-AT-VALUE>                     167,984,075
<RECEIVABLES>                                4,602,266
<ASSETS-OTHER>                                  23,011
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             172,609,352
<PAYABLE-FOR-SECURITIES>                     5,180,090
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      226,738
<TOTAL-LIABILITIES>                          5,406,828
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   135,799,696
<SHARES-COMMON-STOCK>                        4,283,844
<SHARES-COMMON-PRIOR>                        2,757,834
<ACCUMULATED-NII-CURRENT>                       45,679
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      5,363,284
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    25,993,865
<NET-ASSETS>                                87,527,014
<DIVIDEND-INCOME>                              995,093
<INTEREST-INCOME>                              224,559
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 941,553
<NET-INVESTMENT-INCOME>                        278,099
<REALIZED-GAINS-CURRENT>                     5,332,786
<APPREC-INCREASE-CURRENT>                   16,622,985
<NET-CHANGE-FROM-OPS>                       22,233,870
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      229,439
<DISTRIBUTIONS-OF-GAINS>                     3,129,259
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,949,213
<NUMBER-OF-SHARES-REDEEMED>                    603,803
<SHARES-REINVESTED>                            180,600
<NET-CHANGE-IN-ASSETS>                       3,172,724
<ACCUMULATED-NII-PRIOR>                         59,952
<ACCUMULATED-GAINS-PRIOR>                    5,741,625
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          369,273
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                623,259
<AVERAGE-NET-ASSETS>                        67,015,403
<PER-SHARE-NAV-BEGIN>                           17.860
<PER-SHARE-NII>                                   .070
<PER-SHARE-GAIN-APPREC>                          3.600
<PER-SHARE-DIVIDEND>                              .070
<PER-SHARE-DISTRIBUTIONS>                        1.030
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             20.430
<EXPENSE-RATIO>                                  1.280
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027801
<NAME> DELAWARE GROUP EQUITY FUNDS I, INC.
<SERIES>
   <NUMBER> 022
   <NAME> DEVON FUND B CLASS
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                      141,990,210
<INVESTMENTS-AT-VALUE>                     167,984,075
<RECEIVABLES>                                4,602,266
<ASSETS-OTHER>                                  23,011
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             172,609,352
<PAYABLE-FOR-SECURITIES>                     5,180,090
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      226,738
<TOTAL-LIABILITIES>                          5,406,828
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   135,799,696
<SHARES-COMMON-STOCK>                        2,816,774
<SHARES-COMMON-PRIOR>                        1,615,428
<ACCUMULATED-NII-CURRENT>                       45,679
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      5,363,284
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    25,993,865
<NET-ASSETS>                                57,319,555
<DIVIDEND-INCOME>                              995,093
<INTEREST-INCOME>                              224,559
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 941,553
<NET-INVESTMENT-INCOME>                        278,099
<REALIZED-GAINS-CURRENT>                     5,332,786
<APPREC-INCREASE-CURRENT>                   16,622,985
<NET-CHANGE-FROM-OPS>                       22,233,870
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       17,778
<DISTRIBUTIONS-OF-GAINS>                     1,831,176
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,218,033
<NUMBER-OF-SHARES-REDEEMED>                    115,088
<SHARES-REINVESTED>                             98,401
<NET-CHANGE-IN-ASSETS>                       3,172,724
<ACCUMULATED-NII-PRIOR>                         59,952
<ACCUMULATED-GAINS-PRIOR>                    5,741,625
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          369,273
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                623,259
<AVERAGE-NET-ASSETS>                        40,442,835
<PER-SHARE-NAV-BEGIN>                           17.800
<PER-SHARE-NII>                                   .010
<PER-SHARE-GAIN-APPREC>                          3.580
<PER-SHARE-DIVIDEND>                              .010
<PER-SHARE-DISTRIBUTIONS>                        1.030
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             20.350
<EXPENSE-RATIO>                                  1.980

<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027801
<NAME> DELAWARE GROUP EQUITY FUNDS I, INC.
<SERIES>
   <NUMBER> 023
   <NAME> DEVON FUND C CLASS
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                      141,990,210
<INVESTMENTS-AT-VALUE>                     167,984,075
<RECEIVABLES>                                4,602,266
<ASSETS-OTHER>                                  23,011
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             172,609,352
<PAYABLE-FOR-SECURITIES>                     5,180,090
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      226,738
<TOTAL-LIABILITIES>                          5,406,828
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   135,799,696
<SHARES-COMMON-STOCK>                          664,008
<SHARES-COMMON-PRIOR>                          330,385
<ACCUMULATED-NII-CURRENT>                       45,679
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      5,363,284
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    25,993,865
<NET-ASSETS>                                13,499,108
<DIVIDEND-INCOME>                              995,093
<INTEREST-INCOME>                              224,559
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 941,553
<NET-INVESTMENT-INCOME>                        278,099
<REALIZED-GAINS-CURRENT>                     5,332,786
<APPREC-INCREASE-CURRENT>                   16,622,985
<NET-CHANGE-FROM-OPS>                       22,233,870
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        3,847
<DISTRIBUTIONS-OF-GAINS>                       369,243
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        335,701
<NUMBER-OF-SHARES-REDEEMED>                     23,882
<SHARES-REINVESTED>                             21,804
<NET-CHANGE-IN-ASSETS>                       3,172,724
<ACCUMULATED-NII-PRIOR>                         59,952
<ACCUMULATED-GAINS-PRIOR>                    5,741,625
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          369,273
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                623,259
<AVERAGE-NET-ASSETS>                         9,054,275
<PER-SHARE-NAV-BEGIN>                           17.790
<PER-SHARE-NII>                                   .010
<PER-SHARE-GAIN-APPREC>                          3.570
<PER-SHARE-DIVIDEND>                              .010
<PER-SHARE-DISTRIBUTIONS>                        1.030
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             20.330
<EXPENSE-RATIO>                                  1.980

<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000027801
<NAME> DELAWARE GROUP EQUITY FUNDS I, INC.
<SERIES>
   <NUMBER> 024
   <NAME> DEVON FUND INSTITUTIONAL CLASS
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                      141,990,210
<INVESTMENTS-AT-VALUE>                     167,984,075
<RECEIVABLES>                                4,602,266
<ASSETS-OTHER>                                  23,011
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             172,609,352
<PAYABLE-FOR-SECURITIES>                     5,180,090
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      226,738
<TOTAL-LIABILITIES>                          5,406,828
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   135,799,696
<SHARES-COMMON-STOCK>                          432,441
<SHARES-COMMON-PRIOR>                          320,696
<ACCUMULATED-NII-CURRENT>                       45,679
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      5,363,284
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    25,993,865
<NET-ASSETS>                                 8,856,847
<DIVIDEND-INCOME>                              995,093
<INTEREST-INCOME>                              224,559
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 941,553
<NET-INVESTMENT-INCOME>                        278,099
<REALIZED-GAINS-CURRENT>                     5,332,786
<APPREC-INCREASE-CURRENT>                   16,622,985
<NET-CHANGE-FROM-OPS>                       22,233,870
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       41,307
<DISTRIBUTIONS-OF-GAINS>                       354,447
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        199,398
<NUMBER-OF-SHARES-REDEEMED>                    109,545
<SHARES-REINVESTED>                             21,892
<NET-CHANGE-IN-ASSETS>                       3,172,724
<ACCUMULATED-NII-PRIOR>                         59,952
<ACCUMULATED-GAINS-PRIOR>                    5,741,625
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          369,273
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                623,259
<AVERAGE-NET-ASSETS>                         6,492,912
<PER-SHARE-NAV-BEGIN>                           17.930
<PER-SHARE-NII>                                   .123
<PER-SHARE-GAIN-APPREC>                          3.580
<PER-SHARE-DIVIDEND>                              .123
<PER-SHARE-DISTRIBUTIONS>                        1.030
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             20.480
<EXPENSE-RATIO>                                   .980

<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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