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014 A000001 STRONG FUNDS DISTRIBUTORS, INC.
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<PAGE> PAGE 3
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SIGNATURE RONALD A. NEVILLE
TITLE SR. V.P.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000355414
<NAME> STRONG ASSET ALLOCATION FUND, INC.
<MULTIPLIER> 1000
<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> 253386
<INVESTMENTS-AT-VALUE> 267493
<RECEIVABLES> 2556
<ASSETS-OTHER> 95
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 270144
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 336
<TOTAL-LIABILITIES> 18627
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 235648
<SHARES-COMMON-STOCK> 12969
<SHARES-COMMON-PRIOR> 13879
<ACCUMULATED-NII-CURRENT> 317
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 867
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14685
<NET-ASSETS> 251517
<DIVIDEND-INCOME> 574
<INTEREST-INCOME> 6268
<OTHER-INCOME> 0
<EXPENSES-NET> (1539)
<NET-INVESTMENT-INCOME> 5303
<REALIZED-GAINS-CURRENT> 3610
<APPREC-INCREASE-CURRENT> 15582
<NET-CHANGE-FROM-OPS> 24495
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4963)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1005
<NUMBER-OF-SHARES-REDEEMED> 2168
<SHARES-REINVESTED> 253
<NET-CHANGE-IN-ASSETS> 2870
<ACCUMULATED-NII-PRIOR> (22)
<ACCUMULATED-GAINS-PRIOR> (2744)
<OVERDISTRIB-NII-PRIOR> 33
<OVERDIST-NET-GAINS-PRIOR> 2267
<GROSS-ADVISORY-FEES> 994
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1539
<AVERAGE-NET-ASSETS> 246948
<PER-SHARE-NAV-BEGIN> 17.91<F1>
<PER-SHARE-NII> .41<F1>
<PER-SHARE-GAIN-APPREC> 1.45<F1>
<PER-SHARE-DIVIDEND> (.38)<F1>
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
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<EXPENSE-RATIO> 1.3<F2>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>All numbers in thousands except per share amounts.
<F2>Stated in percent and calculated on an annualized basis.
</FN>
</TABLE>
