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<PAGE> PAGE 2
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<PAGE> PAGE 3
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SIGNATURE WILLIAM L. MCQUEEN
TITLE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE FINANCIAL STATEMENTS OF BERGSTROM CAPITAL CORPORATION
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 76,434,782
<INVESTMENTS-AT-VALUE> 151,696,569
<RECEIVABLES> 404,361
<ASSETS-OTHER> 7,806
<OTHER-ITEMS-ASSETS> 5,939
<TOTAL-ASSETS> 152,114,675
<PAYABLE-FOR-SECURITIES> 65,996
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,691,455
<TOTAL-LIABILITIES> 2,757,451
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,380,516
<SHARES-COMMON-STOCK> 1,163,700
<SHARES-COMMON-PRIOR> 1,212,800
<ACCUMULATED-NII-CURRENT> 269,190
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 48,446,731
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 75,261,787
<NET-ASSETS> 149,357,224
<DIVIDEND-INCOME> 649,273
<INTEREST-INCOME> 1,644,274
<OTHER-INCOME> 0
<EXPENSES-NET> 1,108,015
<NET-INVESTMENT-INCOME> 1,185,532
<REALIZED-GAINS-CURRENT> 9,642,002
<APPREC-INCREASE-CURRENT> 34,864,765
<NET-CHANGE-FROM-OPS> 45,692,299
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,185,532
<DISTRIBUTIONS-OF-GAINS> 4,664,968
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 49,100
<SHARES-REINVESTED> 0
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<ACCUMULATED-NII-PRIOR> 268,190
<ACCUMULATED-GAINS-PRIOR> 43,469,697
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 800,692
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,108,015
<AVERAGE-NET-ASSETS> 134,226,639
<PER-SHARE-NAV-BEGIN> 94.56
<PER-SHARE-NII> .99
<PER-SHARE-GAIN-APPREC> 37.80
<PER-SHARE-DIVIDEND> 5.00
<PER-SHARE-DISTRIBUTIONS> 0
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</TABLE>
Sub-Item 77B. Accountants Report on Internal Control
DELOITTE & TOUCH LLP
700 FIFTH AVENUE, SUITE 4500
SEATTLE, WASHINGTON 98104-5044
(206) 292-1800
INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL STRUCTURE
Board of Directors
Bergstrom Capital Corporation
Seattle, Washington
We have audited the financial statements of Bergstrom Capital
Corporation (the Company) as of and for the year ended
December 31, 1995, and have issued our report thereon dated
January 29, 1996. We conducted our audit in accordance with
generally accepted auditing standards. Those standards
require that we plan and perform an audit to obtain reasonable
assurance about whether the financial statements are free of
material misstatement.
In planning and performing our audit of the financial
statements of Bergstrom Capital Corporation for the year ended
December 31, 1995, we considered its internal control
structure in order to determine our auditing procedures for
the purpose of expressing our opinion on the financial
statements and not to provide assurance on the internal
control structure.
The management of the Company is responsible for establishing
and maintaining an internal control structure. In fulfilling
this responsibility, estimates and judgements by management
are required to assess the expected benefits and related costs
of internal control structure policies and procedures. The
objectives of an internal control structure are to provide
management with reasonable, but not absolute, assurance that
assets are safeguarded against loss from unauthorized use or
disposition and that transactions are executed in accordance
with management's authorization and recorded properly to
permit the preparation of financial statements in accordance
with generally accepted accounting principles. Because of
inherent limitations in any internal control structure, errors
or irregularities may nevertheless occur and not be detected.
Also, projection of any evaluation of the structure to future
periods is subject to the risk that procedures may become
inadequate because of changes in conditions or that the
effectiveness of the design and operation of policies and
procedures may deteriorate.
<PAGE>
Our consideration of the internal control structure would not
necessarily disclose all matters in the internal control
structures that might be material weaknesses under standards
established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the
design or operation of the specific internal control structure
elements does not reduce to a relatively low level the risk
that errors or irregularities in amounts that would be
material in relation to the financial statements being audited
may occur and not be detected within a timely period by
employees in the normal course of performing their assigned
functions. We noted no matters involving the internal control
structure and its operation that we consider to be material
weaknesses as defined above.
This report is intended solely for the information and use of
the Board of Directors, management, and others within the
Company and should not be used for any other purpose.
January 29, 1996
BERGSTROM CAPITAL CORPORATION
FORM N-SAR
For Period Ending 12/31/95
File Number (c) 811-1641
Attachments Per Item 77
Sub-Item 77C. Matters submitted to a vote of security holders:
(a) The annual meeting of stockholders was held on November
6, 1995.
(b) The following director was elected at the meeting -
C.H. Williams.
The following directors are the other directors now in
office - Erik E. Bergstrom, Norman R. Nielsen, George
C. Scott and William L. McQueen.
(c) Other matters voted upon at the meeting:
Affirmative Negative
Votes Cast Votes Cast
(1) Ratification of
selection of
independent
accountants. 1,036,874 2,469
(d) None.
