MAIRS & POWER BALANCED FUND INC
NSAR-B, 1999-02-23
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<PAGE>      PAGE  1
000 B000000 12/31/1998
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001 A000000 MAIRS AND POWERS BALANCED FUND, INC.
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002 A000000 332 MINNESOTA ST W-1420 FIRST NTL BK BLD
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020 A000001 DAIN RAUSCHER INCORPORATED
020 B000001 41-1416330
020 C000001      4
020 A000002 MERRILL LYNCH, PIERCE FENNER & SMITH
020 B000002 13-5674085
020 C000002      2
020 A000003 ROBERT W. BAIRD & CO.
020 B000003 39-6037917
020 C000003      2
020 A000004 DONALDSON, LUFKIN & JENRETTE SECURITIES CO
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020 C000004      2
020 A000005 GOLDMAN, SACHS & CO.
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022 A000003 NBC CAPITAL MARKETS GROUP, INC.
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022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH
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SIGNATURE   WILLIAM B. FRELS                             
TITLE       PRESIDENT           
 
 

<TABLE> <S> <C>

<PAGE>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ANNUAL
REPORT DATED DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000061630
<NAME> MAIRS AND POWER BALANCED FUND, INC.
       
<S>                             <C>
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<FISCAL-YEAR-END>                          DEC-31-1998
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