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<PAGE> PAGE 2
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<PAGE> PAGE 3
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SIGNATURE FRANK L. PEPE
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE GUARDIAN CASH FUND, INC.
This schedule contains financial information extracted from the "Annual Report
to Shareholders" dated December 31, 1998, and is qualified in its entirety to
such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 417,401
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<OTHER-ITEMS-LIABILITIES> 672
<TOTAL-LIABILITIES> 1,435
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<PAID-IN-CAPITAL-COMMON> 415,288
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</TABLE>
