<PAGE> PAGE 1
000 A000000 06/30/1999
000 C000000 0000061630
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 MAIRS AND POWERS BALANCED FUND, INC.
001 B000000 811-1048
001 C000000 6512228478
002 A000000 332 MINNESOTA STREET, SUITE W-1420
002 B000000 ST. PAUL
002 C000000 MN
002 D010000 55101
002 D020000 1363
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
012 A000001 FIRSTAR MUTUAL FUND SERVICES, LLC
012 B000001 85-00410
012 C010001 MILWAUKEE
012 C020001 WI
012 C030001 53202
012 C040001 0701
015 A000001 FIRSTAR BANK MILWAUKEE
015 B000001 C
015 C010001 MILWAUKEE
015 C020001 WI
015 C030001 53201
015 C040001 0701
015 E010001 X
019 B000000 0
020 A000001 DAIN RAUSCHER, INCORPORATED
020 B000001 41-1416330
020 C000001 2
020 A000002 CIBC OPPENHEIMER CORP.
<PAGE> PAGE 2
020 B000002 13-2798343
020 C000002 1
020 A000003 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP
020 B000003 13-2741729
020 C000003 1
020 A000004 MARRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000004 13-5674085
020 C000004 1
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 5
022 A000001 FIRST TENNESSEE
022 B000001 41-6019923
022 C000001 2242
022 D000001 0
022 A000002 DAIN RAUSCHER, INCORPORATED
022 B000002 41-1416330
022 C000002 250
022 D000002 0
022 A000003 FIRST ALBANY
022 B000003 14-1391446
022 C000003 248
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 2740
023 D000000 0
024 000000 Y
025 A000001 GOLDMAN SACHS & CO
025 B000001 13-5108880
025 C000001 D
025 D000001 261
025 A000002 MERRILL LYNCH, PIERCE FENNER & SMITH
025 B000002 13-5674085
025 C000002 E
<PAGE> PAGE 3
025 D000002 1199
025 A000003 MERRILL LYNCH, PIERCE FENNER & SMITH
025 B000003 13-5674085
025 C000003 D
025 D000003 248
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
027 000000 Y
028 A010000 909
028 A020000 0
028 A030000 0
028 A040000 325
028 B010000 272
028 B020000 0
028 B030000 0
028 B040000 325
028 C010000 750
028 C020000 186
028 C030000 0
028 C040000 303
028 D010000 358
028 D020000 0
028 D030000 0
028 D040000 327
028 E010000 178
028 E020000 0
028 E030000 0
028 E040000 144
028 F010000 366
028 F020000 0
028 F030000 0
028 F040000 567
028 G010000 2833
028 G020000 186
028 G030000 0
028 G040000 1991
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
055 A000000 N
055 B000000 N
061 000000 2500
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
<PAGE> PAGE 4
062 F000000 0.0
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
066 A000000 Y
066 E000000 Y
067 000000 Y
071 A000000 3779
071 B000000 2406
071 C000000 38486
071 D000000 6
072 A000000 6
072 B000000 433
072 C000000 262
072 D000000 0
072 E000000 0
072 F000000 120
072 G000000 0
072 H000000 0
072 I000000 13
072 J000000 4
072 K000000 2
072 L000000 6
072 M000000 5
072 N000000 3
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 8
072 S000000 2
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 9
072 X000000 172
072 Y000000 0
072 Z000000 523
072AA000000 574
072BB000000 0
072CC010000 1548
072CC020000 0
072DD010000 472
<PAGE> PAGE 5
072DD020000 0
072EE000000 0
073 A010000 0.6000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 611
074 B000000 0
074 C000000 201
074 D000000 12096
074 E000000 486
074 F000000 27920
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 265
074 M000000 2
074 N000000 41581
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 23
074 S000000 0
074 T000000 41558
074 U010000 787
074 U020000 0
074 V010000 52.78
074 V020000 0.00
074 W000000 0.0000
074 X000000 634
074 Y000000 0
075 A000000 0
075 B000000 39747
076 000000 0.00
077 A000000 N
SIGNATURE WILLIAM B. FRELS
TITLE PRESIDENT
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SEMI-ANNUAL
REPORT DATED JUNE 30, 1999
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 22792251
<INVESTMENTS-AT-VALUE> 40702661
<RECEIVABLES> 265231
<ASSETS-OTHER> 2344
<OTHER-ITEMS-ASSETS> 610919
<TOTAL-ASSETS> 41581155
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23407
<TOTAL-LIABILITIES> 23407
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23048552
<SHARES-COMMON-STOCK> 787389
<SHARES-COMMON-PRIOR> 766420
<ACCUMULATED-NII-CURRENT> 51834
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 573773
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1547910
<NET-ASSETS> 41557748
<DIVIDEND-INCOME> 262536
<INTEREST-INCOME> 432916
<OTHER-INCOME> 0
<EXPENSES-NET> (172099)
<NET-INVESTMENT-INCOME> 523353
<REALIZED-GAINS-CURRENT> 573773
<APPREC-INCREASE-CURRENT> 1547910
<NET-CHANGE-FROM-OPS> 2645036
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (471519)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 56342
<NUMBER-OF-SHARES-REDEEMED> (39126)
<SHARES-REINVESTED> 3753
<NET-CHANGE-IN-ASSETS> 3202139
<ACCUMULATED-NII-PRIOR> 14369
<ACCUMULATED-GAINS-PRIOR> (1704)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 119612
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 172099
<AVERAGE-NET-ASSETS> 39747278
<PER-SHARE-NAV-BEGIN> 50.05
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.60)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 52.78
<EXPENSE-RATIO> 0
</TABLE>
