VANGUARD SPECIALIZED PORTFOLIOS INC
NSAR-A, 1997-09-24
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<PAGE>      PAGE  1
000 A000000 07/31/97
000 C000000 0000734383
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001 A000000 VANGUARD SPECIALIZED PORTFOLIOS, INC.
001 B000000 811-3916
001 C000000 6106691000
002 A000000 100 VANGUARD BOULEVARD
002 B000000 MALVERN
002 C000000 PA
002 D010000 19355
003  000000 N
004  000000 N
005  000000 N
006  000000 N
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007 C030100 N
007 C010200  2
007 C020200 HEALTH CARE PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 GOLD AND PRECIOUS METALS PORTFOLIO
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C020600 UTILITIES INCOME PORTFOLIO
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007 C010700  7
007 C020700 REIT INDEX PORTFOLIO
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007 C011000 10
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020 A000001 FRANK RUSSELL SECURITIES, INC.
020 B000001 91-0604934
020 C000001    165
020 A000002 CS FIRST BOSTON CORPORATION
020 B000002 13-5659485
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020 A000003 SALOMON BROTHERS INC.
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020 A000004 HARTLEY POFNTON & CO./AUSTRALIA
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020 A000008 J.P. MORGAN SECURITIES INC.
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020 C000008     97
020 A000009 GOLDMAN SACHS & CO.
020 B000009 13-5108880
020 C000009     82
020 A000010 NATWEST SECURITIES CORPORATION
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020 C000010     74
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022 A000004 DEUTSCHE MORGAN GRENFELL/C.J. LAWRENCE INC.
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SIGNATURE   GARY P. SOURA                                
TITLE       MANAGER             
 


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<NAME> VANGUARD SPECIALIZED PORTFOLIOS, INC.
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