GROWTH FUND OF WASHINGTON INC /DC/
NSAR-B, 1999-02-17
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<PAGE>      PAGE  1
000 B000000 12/31/98
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001 A000000 THE GROWTH FUND OF WASHINGTON, INC.
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001 C000000 2028425665
002 A000000 1101 VERMONT AVENUE, NW  SUITE 600
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011 A000001 VISTA FUND DISTRIBUTORS, INC.
011 B000001 8-00000000
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10019
<PAGE>      PAGE  2
012 A000001 DST SYSTEMS, INC.
012 B000001 85-535
012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64105
013 A000001 JOHNSON LAMBERT & CO.
013 B010001 BETHESDA
013 B020001 MD
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014 A000001 JOHNSTON, LEMON & CO. INC.
014 B000001 8-2959
015 A000001 THE CHASE MANHATTAN BANK
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<PAGE>      PAGE  3
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SIGNATURE   HOWARD L. KITZMILLER                         
TITLE       SECRETARY           
 


<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                         22879002
<INVESTMENTS-AT-VALUE>                        77886745
<RECEIVABLES>                                    92461
<ASSETS-OTHER>                                   27231
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                78006437
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       138289
<TOTAL-LIABILITIES>                             138289
<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                          2523667
<SHARES-COMMON-PRIOR>                          2362463
<ACCUMULATED-NII-CURRENT>                        11934
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          18002
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      55007743
<NET-ASSETS>                                  77868148
<DIVIDEND-INCOME>                               928278
<INTEREST-INCOME>                               108638
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  855083
<NET-INVESTMENT-INCOME>                         181833
<REALIZED-GAINS-CURRENT>                       2941788
<APPREC-INCREASE-CURRENT>                     11385760
<NET-CHANGE-FROM-OPS>                         14509381
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       169899
<DISTRIBUTIONS-OF-GAINS>                       2883033
<DISTRIBUTIONS-OTHER>                                0
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<EXPENSE-RATIO>                                   1.24
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>




Board of Directors 
The Growth Fund of Washington, Inc.

In planning and performing our audit of the financial statements of The Growth 
Fund of Washington, Inc. (the Fund) for the year ended December 31, 1998, we 
considered its internal control structure, including procedures for 
safeguarding securities, in order to determine our auditing procedures for 
the purpose of expressing our opinion on the financial statements and to 
comply with the requirements of Form N-SAR, not to provide assurance on the 
internal control structure.
 
The management of the Fund is responsible for establishing and maintaining an
internal control structure.  In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and 
related costs of internal control structure policies and procedures.  Two of 
the objectives of an internal control structure are to provide management 
with reasonable, but not absolute, assurance that assets are safeguarded 
against loss from unauthorized use or disposition and that 
permit preparation of financial statements in accordance with generally 
accepted accounting principles.

Because of inherent limitations in any internal control structure, errors or 
irregularities may occur and not be detected.  Also, projection of any 
evaluation of the structure to future periods is subject to the risk that it
may become inadequate because of changes in conditions or that the 
effectiveness of the design and operation may deteriorate.

Our consideration of the internal control structure would not necessarily 
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants.  A material weakness is a condition in which the design 
or operation of the specific internal control structure elements does not 
reduce to a relatively low level the risk that errors or irregularities in 
amounts that would be material in relation to the financial statements may
occur and not be detected within a timely period by employees in the normal 
course of performing their assigned functions.  However, we noted no matters 
involving the internal control structure, including procedures for 
safeguarding securities, that we consider to be material weaknesses as 
defined above as of December 31, 1998.

This report is intended solely for the information and use of management and 
the Securities and Exchange Commission.

/s/Johnson Lambert & Co.
JOHNSON LAMBERT & CO.


Bethesda, Maryland
January 21, 1999




 

 




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