<PAGE>
PAGE 1
000 A000000 06/30/96
000 C000000 0000029440
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
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
020 A000001 MORGAN STANLEY & COMPANY
020 B000001 13-2655998
020 C000001 99
020 A000002 GOLDMAN SACHS & COMPANY
020 B000002 13-5108880
020 C000002 50
020 A000003 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000003 13-5674085
020 C000003 37
020 A000004 CANTOR FITZGERALD & COMPANY, INC.
020 B000004 95-1786286
020 C000004 35
020 A000005 NATWEST SECURITIES CORP.
020 B000005 13-3312778
020 C000005 32
020 A000006 LEHMAN BROTHERS, INC.
020 B000006 13-2518466
020 C000006 29
<PAGE>
PAGE 2
020 A000007 BEAR STEARNS & COMPANY
020 B000007 13-3299429
020 C000007 24
020 A000008 PRUDENTIAL SECURITIES, INC.
020 B000008 22-2347336
020 C000008 24
020 A000009 SMITH BARNEY, INC.
020 B000009 13-1912900
020 C000009 19
020 A000010 DONALDSON LUFKIN & JENRETTE SEC. CORP.
020 B000010 13-2741729
020 C000010 19
021 000000 535
022 A000001 FIRSTAR TRUST COMPANY
022 B000001 39-0281260
022 C000001 1213650
022 D000001 0
022 A000002 SMITH BARNEY INC.
022 B000002 13-1912900
022 C000002 62372
022 D000002 41789
022 A000003 MORGAN STANLEY & COMPANY, INC.
022 B000003 13-2655998
022 C000003 32551
022 D000003 38004
022 A000004 BEAR STEARNS & COMPANY
022 B000004 13-3299429
022 C000004 50326
022 D000004 0
022 A000005 G.X. CLARKE & CO.
022 B000005 13-2969143
022 C000005 36045
022 D000005 10489
022 A000006 DONALDSON LUFKIN & JENRETTE SEC. CORP.
022 B000006 13-2741729
022 C000006 40727
022 D000006 0
022 A000007 UBS SECURITIES INC.
022 B000007 13-2932996
022 C000007 38940
022 D000007 0
022 A000008 GOLDMAN SACHS & CO.
022 B000008 13-5108880
022 C000008 34225
022 D000008 4509
022 A000009 SPEAR, LEEDS & KELLOG
022 B000009 13-5515160
022 C000009 35405
022 D000009 0
022 A000010 CREDIT SUISSE FIRST BOSTON CORP.
022 B000010 13-5659485
<PAGE>
PAGE 3
022 C000010 29749
022 D000010 0
023 C000000 1764736
023 D000000 102664
024 000000 Y
025 A000001 LEHMAN BROTHERS HOLDINGS, INC.
025 B000001 13-2518466
025 C000001 E
025 D000001 1549
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
028 A010000 227578
028 A020000 0
028 A030000 0
028 A040000 21634
028 B010000 110003
028 B020000 0
028 B030000 0
028 B040000 23833
028 C010000 159590
028 C020000 21452
028 C030000 0
028 C040000 26605
028 D010000 159816
028 D020000 0
028 D030000 0
028 D040000 36654
028 E010000 87096
028 E020000 0
028 E030000 0
028 E040000 29305
028 F010000 90985
028 F020000 21513
028 F030000 0
028 F040000 30108
028 G010000 835068
028 G020000 42965
028 G030000 0
028 G040000 168139
028 H000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
<PAGE>
PAGE 4
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 935355
<PAGE>
PAGE 5
071 B000000 197768
071 C000000 2155086
071 D000000 9
072 A000000 6
072 B000000 33707
072 C000000 13923
072 D000000 0
072 E000000 0
072 F000000 5721
072 G000000 0
072 H000000 0
072 I000000 273
072 J000000 126
072 K000000 39
072 L000000 68
072 M000000 5
072 N000000 221
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 15
072 S000000 1
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 53
072 X000000 6522
072 Y000000 0
072 Z000000 41108
072AA000000 15404
072BB000000 3140
072CC010000 60484
072CC020000 0
072DD010000 40899
072DD020000 0
072EE000000 4001
073 A010000 0.9600
073 A020000 0.0000
073 B000000 0.1000
073 C000000 0.0000
074 A000000 9312
074 B000000 0
074 C000000 69131
074 D000000 1045489
074 E000000 5403
074 F000000 1464717
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 12103
074 K000000 0
<PAGE>
PAGE 6
074 L000000 17219
074 M000000 106
074 N000000 2623480
074 O000000 40494
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 3836
074 S000000 0
074 T000000 2579150
074 U010000 45717
074 U020000 0
074 V010000 56.42
074 V020000 0.00
074 W000000 0.0000
074 X000000 22471
074 Y000000 0
075 A000000 0
075 B000000 2255806
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077 A000000 N
078 000000 N
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, 1996, AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 2,272,647,351
<INVESTMENTS-AT-VALUE> 2,584,739,901
<RECEIVABLES> 29,321,767
<ASSETS-OTHER> 106,511
<OTHER-ITEMS-ASSETS> 9,311,758
<TOTAL-ASSETS> 2,623,479,937
<PAYABLE-FOR-SECURITIES> 40,493,428
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,836,131
<TOTAL-LIABILITIES> 44,329,559
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,253,956,600
<SHARES-COMMON-STOCK> 45,717,435
<SHARES-COMMON-PRIOR> 32,973,247
<ACCUMULATED-NII-CURRENT> 836,990
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12,264,238
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 312,092,550
<NET-ASSETS> 2,579,150,378
<DIVIDEND-INCOME> 13,923,210
<INTEREST-INCOME> 33,707,353
<OTHER-INCOME> 0
<EXPENSES-NET> 6,522,340
<NET-INVESTMENT-INCOME> 41,108,223
<REALIZED-GAINS-CURRENT> 12,264,238
<APPREC-INCREASE-CURRENT> 60,483,633
<NET-CHANGE-FROM-OPS> 113,856,094
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 40,899,268
<DISTRIBUTIONS-OF-GAINS> 4,000,715
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14,975,249
<NUMBER-OF-SHARES-REDEEMED> 2,998,989
<SHARES-REINVESTED> 767,928
<NET-CHANGE-IN-ASSETS> 778,849,514
<ACCUMULATED-NII-PRIOR> 628,035
<ACCUMULATED-GAINS-PRIOR> 4,000,715
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,721,350
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,522,340
<AVERAGE-NET-ASSETS> 2,255,805,996
<PER-SHARE-NAV-BEGIN> 54.60
<PER-SHARE-NII> 0.96
<PER-SHARE-GAIN-APPREC> 1.92
<PER-SHARE-DIVIDEND> 0.96
<PER-SHARE-DISTRIBUTIONS> 0.10
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 56.42
<EXPENSE-RATIO> 0.57<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1> ANNUALIZED
</FN>
</TABLE>
