<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This shcedule contains summary financial information extracted from the
Dodge & Cox Balanced Fund Semi-Annual Report dated June 30, 2000, and
is qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> Dodge & Cox Balanced Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 4,473,435,573
<INVESTMENTS-AT-VALUE> 4,686,998,811
<RECEIVABLES> 35,616,205
<ASSETS-OTHER> 39,375
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,722,654,391
<PAYABLE-FOR-SECURITIES> 9,195,418
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 36,149,962
<TOTAL-LIABILITIES> 45,345,380
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,109,616,324
<SHARES-COMMON-STOCK> 74,919,344
<SHARES-COMMON-PRIOR> 78,189,179
<ACCUMULATED-NII-CURRENT> 3,184,008
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 350,945,441
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 213,563,238
<NET-ASSETS> 4,677,309,011
<DIVIDEND-INCOME> 36,388,252
<INTEREST-INCOME> 68,614,145
<OTHER-INCOME> 0
<EXPENSES-NET> 12,979,828
<NET-INVESTMENT-INCOME> 92,022,569
<REALIZED-GAINS-CURRENT> 351,074,372
<APPREC-INCREASE-CURRENT> (445,187,413)
<NET-CHANGE-FROM-OPS> (2,090,472)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 91,639,562
<DISTRIBUTIONS-OF-GAINS> 156,044,440
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,987,962
<NUMBER-OF-SHARES-REDEEMED> 15,066,680
<SHARES-REINVESTED> 3,808,883
<NET-CHANGE-IN-ASSETS> (460,653,598)
<ACCUMULATED-NII-PRIOR> 2,801,001
<ACCUMULATED-GAINS-PRIOR> 155,915,509
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 12,135,217
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 12,979,828
<AVERAGE-NET-ASSETS> 4,880,647,656
<PER-SHARE-NAV-BEGIN> 65.71
<PER-SHARE-NII> 1.25
<PER-SHARE-GAIN-APPREC> (1.19)
<PER-SHARE-DIVIDEND> 1.23
<PER-SHARE-DISTRIBUTIONS> 2.11
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 62.43
<EXPENSE-RATIO> 0.53 <F1>
<FN>
<F1> ANNUALIZED
</FN>
</TABLE>
