<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000734383
<NAME> VANGUARD SPECIALIZED FUNDS
<SERIES>
<NUMBER> 06
<NAME> VANGUARD UTILITIES INCOME FUND
<MULTIPLIER> 1,000
<CURRENCY> US
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-2001
<PERIOD-START> FEB-01-2000
<PERIOD-END> JUL-31-2000
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 744684
<INVESTMENTS-AT-VALUE> 835549
<RECEIVABLES> 2702
<ASSETS-OTHER> 156
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 838407
<PAYABLE-FOR-SECURITIES> 414
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28489
<TOTAL-LIABILITIES> 28903
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 696993
<SHARES-COMMON-STOCK> 57327
<SHARES-COMMON-PRIOR> 57201
<ACCUMULATED-NII-CURRENT> 1952
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 19694
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 90865
<NET-ASSETS> 809504
<DIVIDEND-INCOME> 12289
<INTEREST-INCOME> 1973
<OTHER-INCOME> 141
<EXPENSES-NET> 1460
<NET-INVESTMENT-INCOME> 12943
<REALIZED-GAINS-CURRENT> 19906
<APPREC-INCREASE-CURRENT> (44809)
<NET-CHANGE-FROM-OPS> (11960)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 11881
<DISTRIBUTIONS-OF-GAINS> 22900
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4181
<NUMBER-OF-SHARES-REDEEMED> 6086
<SHARES-REINVESTED> 2031
<NET-CHANGE-IN-ASSETS> (44769)
<ACCUMULATED-NII-PRIOR> 890
<ACCUMULATED-GAINS-PRIOR> 22688
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 257
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1538
<AVERAGE-NET-ASSETS> 833209
<PER-SHARE-NAV-BEGIN> 14.93
<PER-SHARE-NII> 0.23
<PER-SHARE-GAIN-APPREC> (0.42)
<PER-SHARE-DIVIDEND> 0.21
<PER-SHARE-DISTRIBUTIONS> 0.41
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.12
<EXPENSE-RATIO> 0.37
</TABLE>
