<PAGE> PAGE 1
000 A000000 06/30/95
000 C000000 0000029440
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 DODGE & COX BALANCED FUND
001 B000000 811-000173
001 C000000 4159811710
002 A000000 ONE SANSOME STREET, 35TH FLOOR
002 B000000 SAN FRANCISCO
002 C000000 CA
002 D010000 94104
002 D020000 4443
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 DODGE & COX
008 B000001 A
008 C000001 801-001895
008 D010001 SAN FRANCISCO
008 D020001 CA
008 D030001 94104
008 D040001 4443
012 A000001 FIRSTAR TRUST COMPANY
012 B000001 85-00410
012 C010001 MILWAUKEE
012 C020001 WI
012 C030001 53201
012 C040001 0701
013 A000001 PRICE WATERHOUSE LLP
013 B010001 SAN FRANCISCO
013 B020001 CA
013 B030001 94104
013 B040001 9946
<PAGE> PAGE 2
015 A000001 FIRSTAR TRUST COMPANY
015 B000001 C
015 C010001 MILWAUKEE
015 C020001 WI
015 C030001 53201
015 C040001 0701
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 3
019 C000000 DODGECXFDS
020 A000001 MORGAN STANLEY & COMPANY
020 B000001 13-2655998
020 C000001 35
020 A000002 GOLDMAN SACHS & COMPANY
020 B000002 13-5108880
020 C000002 24
020 A000003 DONALDSON LUFKIN & JENRETTE SEC. CORP.
020 B000003 13-2741729
020 C000003 24
020 A000004 SALOMON BROTHERS CO.
020 B000004 13-3082694
020 C000004 24
020 A000005 CANTOR FITZGERALD & COMPANY, INC.
020 B000005 95-1786286
020 C000005 19
020 A000006 CREDIT SUISSE FIRST BOSTON CORP.
020 B000006 13-5659485
020 C000006 17
020 A000007 PAINE WEBBER, INC.
020 B000007 13-2638166
020 C000007 16
020 A000008 BEAR STEARNS & COMPANY
020 B000008 13-3299429
020 C000008 13
020 A000009 COWEN & COMPANY
020 B000009 13-5616116
020 C000009 13
020 A000010 AUTRANET, INC.
020 B000010 13-2961507
020 C000010 11
021 000000 320
022 A000001 FIRSTAR TRUST COMPANY
022 B000001 39-0281260
022 C000001 359750
022 D000001 0
022 A000002 MERRILL LYNCH PIERCE FENNER & SMITH, INC.
022 B000002 13-5674085
022 C000002 42539
022 D000002 45469
022 A000003 MORGAN STANLEY & COMPANY, INC.
<PAGE> PAGE 3
022 B000003 13-2655998
022 C000003 42110
022 D000003 27336
022 A000004 GOLDMAN SACHS & CO.
022 B000004 13-5108880
022 C000004 33218
022 D000004 0
022 A000005 HSBC SECURITIES
022 B000005 13-2650272
022 C000005 21248
022 D000005 0
022 A000006 SMITH BARNEY INC.
022 B000006 13-1912900
022 C000006 19896
022 D000006 335
022 A000007 ABN AMRO SECURITIES
022 B000007 13-3227945
022 C000007 12416
022 D000007 5802
022 A000008 SANDLER O'NEILL
022 B000008 13-3481277
022 C000008 16285
022 D000008 0
022 A000009 BEAR STEARNS & COMPANY
022 B000009 13-3299429
022 C000009 15775
022 D000009 0
022 A000010 R.W. PRESSPRICH
022 B000010 13-3570685
022 C000010 12790
022 D000010 0
023 C000000 644923
023 D000000 91877
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
<PAGE> PAGE 4
027 000000 Y
028 A010000 71274
028 A020000 0
028 A030000 0
028 A040000 7873
028 B010000 41138
028 B020000 0
028 B030000 0
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028 C010000 90699
028 C020000 9206
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028 D040000 7140
028 E010000 50852
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028 F010000 83419
028 F020000 10514
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028 G010000 402781
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<PAGE> PAGE 5
042 G000000 0
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<PAGE> PAGE 6
055 B000000 N
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070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
<PAGE> PAGE 7
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 N
070 M020000 N
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070 N020000 N
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070 P010000 N
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071 B000000 148782
071 C000000 910917
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072 A000000 6
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<PAGE> PAGE 8
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072 Z000000 19641
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073 A010000 0.9300
073 A020000 0.0000
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074 A000000 2698
074 B000000 0
074 C000000 66210
074 D000000 477118
074 E000000 1837
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074 M000000 56
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074 R040000 356
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074 T000000 1210479
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<PAGE> PAGE 9
082 B000000 0
083 B000000 0
084 B000000 0
086 A010000 0
086 A020000 0
086 B010000 0
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SIGNATURE W. TIMOTHY RYAN
TITLE SECRETARY
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Dodge &
Cox Balanced Fund Semi-Annual Report dated June 30, 1995, and is qualified in
its entirety by reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 1,053,629,084
<INVESTMENTS-AT-VALUE> 1,214,211,915
<RECEIVABLES> 9,290,450
<ASSETS-OTHER> 55,822
<OTHER-ITEMS-ASSETS> 2,697,833
<TOTAL-ASSETS> 1,226,256,020
<PAYABLE-FOR-SECURITIES> 15,421,385
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 355,431
<TOTAL-LIABILITIES> 15,776,816
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,033,968,180
<SHARES-COMMON-STOCK> 23,443,881
<SHARES-COMMON-PRIOR> 16,040,739
<ACCUMULATED-NII-CURRENT> 277,664
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 15,650,529
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 160,582,831
<NET-ASSETS> 1,210,479,204
<DIVIDEND-INCOME> 6,924,394
<INTEREST-INCOME> 15,559,596
<OTHER-INCOME> 0
<EXPENSES-NET> 2,842,867
<NET-INVESTMENT-INCOME> 19,641,123
<REALIZED-GAINS-CURRENT> 15,760,293
<APPREC-INCREASE-CURRENT> 111,353,442
<NET-CHANGE-FROM-OPS> 146,754,858
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 19,634,669
<DISTRIBUTIONS-OF-GAINS> 1,149,988
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,292,927
<NUMBER-OF-SHARES-REDEEMED> 1,287,673
<SHARES-REINVESTED> 397,888
<NET-CHANGE-IN-ASSETS> 485,207,597
<ACCUMULATED-NII-PRIOR> 322,607
<ACCUMULATED-GAINS-PRIOR> 988,826
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,450,747
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,842,867
<AVERAGE-NET-ASSETS> 960,359,000
<PER-SHARE-NAV-BEGIN> 45.21
<PER-SHARE-NII> .92
<PER-SHARE-GAIN-APPREC> 6.49
<PER-SHARE-DIVIDEND> .93
<PER-SHARE-DISTRIBUTIONS> .06
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 51.63
<EXPENSE-RATIO> .58<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>ANNUALIZED
</FN>
</TABLE>
