DELAWARE GROUP EQUITY FUNDS IV INC
NSAR-A, 1998-05-13
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<PAGE>      PAGE  1
000 A000000 03/31/98
000 C000000 0000778108
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 DELAWARE GROUP EQUITY FUNDS IV, INC.
001 B000000 811-4413
001 C000000 2152552127
002 A000000 2005 MARKET STREET
002 B000000 PHILADELPHIA
002 C000000 PA
002 D010000 19103
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 DELCAP FUND
007 C030100 N
007 C010200  2
007 C020200 CAPITAL APPRECIATION FUND
007 C030200 N
020 A000001 FIRST BOSTON CORPORATION (THE)
020 B000001 13-5659485
020 C000001     88
020 A000002 ROBERTSON, STEPHENS AND CO
020 B000002 94-2524501
020 C000002     64
020 A000003 OPPENHEIMER AND CO., INC.
020 B000003 13-2798343
020 C000003     58
020 A000004 COWEN AND CO. GREEN
020 B000004 13-5616116
020 C000004     53
020 A000005 ALEX BROWN AND SONS, INC.
020 B000005 52-0256630
020 C000005     51
020 A000006 MORGAN (J.P.) SECURITIES, INC.
020 B000006 13-3224016
020 C000006     47
020 A000007 MORGAN STANLEY AND CO., INC.
020 B000007 13-2655998
020 C000007     44
020 A000008 HAMBRECHT AND QUIST
020 B000008 94-2856935
<PAGE>      PAGE  2
020 C000008     42
020 A000009 WEEDON AND CO
020 B000009 13-3364318
020 C000009     41
020 A000010 UBS SECURITIES, INC.
020 B000010 13-2932996
020 C000010     38
021  000000      697
022 A000001 MORGAN STANLEY AND COMPANY, INC.
022 B000001 13-2655998
022 C000001     28177
022 D000001     11623
022 A000002 ALEX BROWN AND SONS, INC.
022 B000002 52-0256630
022 C000002     34914
022 D000002      4354
022 A000003 DONALDSON, LUFKIN & JENRETTE SECURITIES, CORP
022 B000003 13-2741729
022 C000003     27760
022 D000003      3432
022 A000004 ROBERTSON, STEPHENS AND CO.
022 B000004 94-2524501
022 C000004     22039
022 D000004      7949
022 A000005 HERZOG, HEINE, GEDULD, INC.
022 B000005 13-1955436
022 C000005     13248
022 D000005     13532
022 A000006 KNIGHT SECURITIES
022 C000006      7331
022 D000006     19217
022 A000007 SMITH BARNEY SHEARSON, INC.
022 B000007 13-1912900
022 C000007      9739
022 D000007     10101
022 A000008 TROSTER SINGER
022 C000008      4771
022 D000008     11032
022 A000009 PAINEWEBBER, INC.
022 B000009 13-2638166
022 C000009     14747
022 D000009         0
022 A000010 MORGAN (J.P.) SECURITIES, INC.
022 B000010 13-3224016
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SIGNATURE   DONNA D. BRYEN                               
TITLE       ASSISTANT VP        
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000778108
<NAME> DELAWARE GROUP EQUITY FUNDS IV, INC.
<SERIES>
   <NUMBER> 011
   <NAME> DELCAP FUND A CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                      593,763,879
<INVESTMENTS-AT-VALUE>                     880,381,251
<RECEIVABLES>                               24,895,148
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<ACCUMULATED-NII-CURRENT>                  (4,120,814)
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<OVERDISTRIBUTION-GAINS>                             0
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<DIVIDEND-INCOME>                              682,339
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<REALIZED-GAINS-CURRENT>                    79,557,049
<APPREC-INCREASE-CURRENT>                  (3,717,974)
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<EQUALIZATION>                                       0
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<PER-SHARE-NAV-BEGIN>                           30.450
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000778108
<NAME> DELAWARE GROUP EQUITY FUNDS IV, INC.
<SERIES>
   <NUMBER> 012
   <NAME> DELCAP FUND B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               MAR-31-1998
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000778108
<NAME> DELAWARE GROUP EQUITY FUNDS IV, INC.
<SERIES>
   <NUMBER> 013
   <NAME> DELCAP FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               MAR-31-1998
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<INVESTMENTS-AT-VALUE>                     880,381,251
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<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
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<PER-SHARE-DISTRIBUTIONS>                        5.870
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             25.890
<EXPENSE-RATIO>                                   2.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000778108
<NAME> DELAWARE GROUP EQUITY FUNDS IV, INC.
<SERIES>
   <NUMBER> 014
   <NAME> DELCAP FUND INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               MAR-31-1998
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<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                         11,791,637
<SENIOR-EQUITY>                                337,565
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<SHARES-COMMON-STOCK>                        4,334,662
<SHARES-COMMON-PRIOR>                        4,234,162
<ACCUMULATED-NII-CURRENT>                  (4,120,814)
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<OVERDISTRIBUTION-GAINS>                             0
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<INTEREST-INCOME>                            1,214,511
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<NET-CHANGE-FROM-OPS>                       71,718,261
<EQUALIZATION>                                       0
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<ACCUMULATED-GAINS-PRIOR>                  147,045,100
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,268,010
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              6,017,664
<AVERAGE-NET-ASSETS>                       116,952,352
<PER-SHARE-NAV-BEGIN>                           31.010
<PER-SHARE-NII>                                (0.089)
<PER-SHARE-GAIN-APPREC>                          2.019
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        5.870
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             27.070
<EXPENSE-RATIO>                                   1.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000778108
<NAME> DELAWARE GROUP EQUITY FUNDS IV, INC.
<SERIES>
   <NUMBER> 021
   <NAME> CAPITAL APPRECIATION FUND A CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                        2,383,202
<INVESTMENTS-AT-VALUE>                       2,751,618
<RECEIVABLES>                                   79,201
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             1,499
<TOTAL-ASSETS>                               2,832,318
<PAYABLE-FOR-SECURITIES>                       235,556
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       47,097
<TOTAL-LIABILITIES>                            282,653
<SENIOR-EQUITY>                                  2,486
<PAID-IN-CAPITAL-COMMON>                     2,123,390
<SHARES-COMMON-STOCK>                              805
<SHARES-COMMON-PRIOR>                              799
<ACCUMULATED-NII-CURRENT>                        5,793
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         49,580
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       368,416
<NET-ASSETS>                                     8,256
<DIVIDEND-INCOME>                                5,559
<INTEREST-INCOME>                               13,170
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   8,818
<NET-INVESTMENT-INCOME>                          9,911
<REALIZED-GAINS-CURRENT>                       130,885
<APPREC-INCREASE-CURRENT>                        7,986
<NET-CHANGE-FROM-OPS>                          148,782
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           64
<DISTRIBUTIONS-OF-GAINS>                           354
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             86
<NUMBER-OF-SHARES-REDEEMED>                        124
<SHARES-REINVESTED>                                 44
<NET-CHANGE-IN-ASSETS>                         148,397
<ACCUMULATED-NII-PRIOR>                         13,845
<ACCUMULATED-GAINS-PRIOR>                       18,203
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            8,848
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 25,593
<AVERAGE-NET-ASSETS>                             8,358
<PER-SHARE-NAV-BEGIN>                           10.160
<PER-SHARE-NII>                                  0.041
<PER-SHARE-GAIN-APPREC>                          0.556
<PER-SHARE-DIVIDEND>                             0.076
<PER-SHARE-DISTRIBUTIONS>                        0.421
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             10.260
<EXPENSE-RATIO>                                   0.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000778108
<NAME> DELAWARE GROUP EQUITY FUNDS IV, INC.
<SERIES>
   <NUMBER> 022
   <NAME> CAPITAL APPRECIATION FUND B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                        2,383,202
<INVESTMENTS-AT-VALUE>                       2,751,618
<RECEIVABLES>                                   79,201
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             1,499
<TOTAL-ASSETS>                               2,832,318
<PAYABLE-FOR-SECURITIES>                       235,556
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       47,097
<TOTAL-LIABILITIES>                            282,653
<SENIOR-EQUITY>                                  2,486
<PAID-IN-CAPITAL-COMMON>                     2,123,390
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        5,793
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         49,580
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       368,416
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                5,559
<INTEREST-INCOME>                               13,170
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   8,818
<NET-INVESTMENT-INCOME>                          9,911
<REALIZED-GAINS-CURRENT>                       130,885
<APPREC-INCREASE-CURRENT>                        7,986
<NET-CHANGE-FROM-OPS>                          148,782
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         148,397
<ACCUMULATED-NII-PRIOR>                         13,845
<ACCUMULATED-GAINS-PRIOR>                       18,203
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            8,848
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 25,593
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                                0
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  0
<EXPENSE-RATIO>                                      0
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000778108
<NAME> DELAWARE GROUP EQUITY FUNDS IV, INC.
<SERIES>
   <NUMBER> 023
   <NAME> CAPITAL APPRECIATION FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                        2,383,202
<INVESTMENTS-AT-VALUE>                       2,751,618
<RECEIVABLES>                                   79,201
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             1,499
<TOTAL-ASSETS>                               2,832,318
<PAYABLE-FOR-SECURITIES>                       235,556
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       47,097
<TOTAL-LIABILITIES>                            282,653
<SENIOR-EQUITY>                                  2,486
<PAID-IN-CAPITAL-COMMON>                     2,123,390
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        5,793
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         49,580
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       368,416
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                5,559
<INTEREST-INCOME>                               13,170
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   8,818
<NET-INVESTMENT-INCOME>                          9,911
<REALIZED-GAINS-CURRENT>                       130,885
<APPREC-INCREASE-CURRENT>                        7,986
<NET-CHANGE-FROM-OPS>                          148,782
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         148,397
<ACCUMULATED-NII-PRIOR>                         13,845
<ACCUMULATED-GAINS-PRIOR>                       18,203
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            8,848
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 25,593
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                                0
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  0
<EXPENSE-RATIO>                                      0
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000778108
<NAME> DELAWARE GROUP EQUITY FUNDS IV, INC.
<SERIES>
   <NUMBER> 024
   <NAME> CAPITAL APPRECIATION FUND INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-END>                               MAR-31-1998
<INVESTMENTS-AT-COST>                        2,383,202
<INVESTMENTS-AT-VALUE>                       2,751,618
<RECEIVABLES>                                   79,201
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             1,499
<TOTAL-ASSETS>                               2,832,318
<PAYABLE-FOR-SECURITIES>                       235,556
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       47,097
<TOTAL-LIABILITIES>                            282,653
<SENIOR-EQUITY>                                  2,486
<PAID-IN-CAPITAL-COMMON>                     2,123,390
<SHARES-COMMON-STOCK>                          247,790
<SHARES-COMMON-PRIOR>                          235,520
<ACCUMULATED-NII-CURRENT>                        5,793
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         49,580
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       368,416
<NET-ASSETS>                                 2,541,409
<DIVIDEND-INCOME>                                5,559
<INTEREST-INCOME>                               13,170
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   8,818
<NET-INVESTMENT-INCOME>                          9,911
<REALIZED-GAINS-CURRENT>                       130,885
<APPREC-INCREASE-CURRENT>                        7,986
<NET-CHANGE-FROM-OPS>                          148,782
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       17,899
<DISTRIBUTIONS-OF-GAINS>                        99,154
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         14,862
<NUMBER-OF-SHARES-REDEEMED>                     14,862
<SHARES-REINVESTED>                             12,270
<NET-CHANGE-IN-ASSETS>                         148,397
<ACCUMULATED-NII-PRIOR>                         13,845
<ACCUMULATED-GAINS-PRIOR>                       18,203
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            8,848
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 25,593
<AVERAGE-NET-ASSETS>                         2,350,912
<PER-SHARE-NAV-BEGIN>                           10.160
<PER-SHARE-NII>                                  0.041
<PER-SHARE-GAIN-APPREC>                          0.556
<PER-SHARE-DIVIDEND>                             0.076
<PER-SHARE-DISTRIBUTIONS>                        0.421
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             10.260
<EXPENSE-RATIO>                                   0.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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