LINCOLN NATIONAL GROWTH & INCOME FUND INC
NSAR-A, EX-27, 2000-08-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000353874
<NAME> LINCOLN NATIONAL GROWTH AND INCOME FUND INC.

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                    2,918,262,122
<INVESTMENTS-AT-VALUE>                   4,201,701,794
<RECEIVABLES>                                6,010,099
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           4,207,711,893
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,808,312
<TOTAL-LIABILITIES>                          2,808,312
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 2,242,977,314
<SHARES-COMMON-STOCK>                       88,566,895
<SHARES-COMMON-PRIOR>                       91,079,006
<ACCUMULATED-NII-CURRENT>                   28,782,032
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    649,704,563
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                 1,283,439,672
<NET-ASSETS>                             4,204,903,581
<DIVIDEND-INCOME>                           29,446,758
<INTEREST-INCOME>                              453,726
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               7,615,867
<NET-INVESTMENT-INCOME>                     22,284,617
<REALIZED-GAINS-CURRENT>                   609,206,271
<APPREC-INCREASE-CURRENT>                (725,014,233)
<NET-CHANGE-FROM-OPS>                     (93,523,345)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   276,576,520
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        205,617
<NUMBER-OF-SHARES-REDEEMED>                  8,425,868
<SHARES-REINVESTED>                          5,708,140
<NET-CHANGE-IN-ASSETS>                   (504,783,249)
<ACCUMULATED-NII-PRIOR>                      6,497,415
<ACCUMULATED-GAINS-PRIOR>                  317,074,812
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        6,725,065
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              7,618,839
<AVERAGE-NET-ASSETS>                     4,319,838,432
<PER-SHARE-NAV-BEGIN>                           51.710
<PER-SHARE-NII>                                  0.254
<PER-SHARE-GAIN-APPREC>                        (1.165)
<PER-SHARE-DIVIDEND>                              .000
<PER-SHARE-DISTRIBUTIONS>                        3.322
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             47.477
<EXPENSE-RATIO>                                   0.35



</TABLE>


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