NICHOLAS FUND INC
NSAR-B, 1996-05-30
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<PAGE>      PAGE  1
000 B000000 03/31/96
000 C000000 0000071958
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 I000000 3.0.a
000 J000000 U
001 A000000 NICHOLAS FUND, INC.
001 B000000 811-1728
001 C000000 4142724650
002 A000000 700 NORTH WATER STREET, SUITE 1010
002 B000000 MILWAUKEE
002 C000000 WI
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002 D020000 4276
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020 A000001 KAYNE ANDERSON & CO.
020 B000001 95-3901352
020 C000001    127
020 A000002 WISCONSIN DISCOUNT SERVICES
020 B000002 39-1259164
020 C000002    124
020 A000003 HOEFER & ARNET
020 B000003 94-2831518
020 C000003    116
020 A000004 SMITH BARNEY
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020 A000005 BEAR STEARNS
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020 A000006 S&P SECURITIES
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020 A000007 CLEARY GULL
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020 A000008 DONALDSON, LUFKIN,JENRETTE
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022 A000001 FIRSTAR TRUST CO.
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022 A000004 MARSHALL & ILSLEY
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022 A000005 FIRSTAR INVESTMENT DEPARTMENT
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SIGNATURE   THOMAS J. SAEGER                             
TITLE       EX VICE-PRESIDENT   
 


<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                    2,202,336,427
<INVESTMENTS-AT-VALUE>                   3,637,299,965
<RECEIVABLES>                               26,382,419
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           3,664,376,439
<PAYABLE-FOR-SECURITIES>                     6,437,645
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,639,163
<TOTAL-LIABILITIES>                          9,076,808
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 2,067,274,351
<SHARES-COMMON-STOCK>                       57,284,323
<SHARES-COMMON-PRIOR>                       57,536,667
<ACCUMULATED-NII-CURRENT>                    5,739,971
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    147,600,125
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                 1,434,685,176
<NET-ASSETS>                             3,655,299,631
<DIVIDEND-INCOME>                           44,743,359
<INTEREST-INCOME>                            8,430,055
<OTHER-INCOME>                                  63,266
<EXPENSES-NET>                              24,450,370
<NET-INVESTMENT-INCOME>                     28,786,310
<REALIZED-GAINS-CURRENT>                   310,441,936
<APPREC-INCREASE-CURRENT>                  585,991,652
<NET-CHANGE-FROM-OPS>                      925,219,898
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   34,969,260
<DISTRIBUTIONS-OF-GAINS>                   225,694,558
<DISTRIBUTIONS-OTHER>                                0
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<NUMBER-OF-SHARES-REDEEMED>                  8,069,427
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<ACCUMULATED-GAINS-PRIOR>                   66,131,860
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                       21,433,970
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             24,450,370
<AVERAGE-NET-ASSETS>                     3,292,757,501
<PER-SHARE-NAV-BEGIN>                            52.22
<PER-SHARE-NII>                                   0.57
<PER-SHARE-GAIN-APPREC>                          15.68
<PER-SHARE-DIVIDEND>                              0.62
<PER-SHARE-DISTRIBUTIONS>                         4.04
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              63.81
<EXPENSE-RATIO>                                      0
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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