DELAWARE GROUP EQUITY FUNDS IV INC
NSAR-A, 1999-05-27
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<PAGE>      PAGE  1
000 A000000 03/31/1999
000 C000000 0000778108
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 U
001 A000000 DELAWARE GROUP EQUITY FUNDS IV, INC.
001 B000000 811-4413
001 C000000 2152552923
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
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
020 A000001 SMITH BARNEY, INC.
020 B000001 13-1912900
020 C000001   1666
020 A000002 MERRILL LYNCH PIERCE
020 B000002 13-5674085
020 C000002    598
020 A000003 LEHMAN BROTHERS, INC.
020 B000003 13-2518466
020 C000003    456
020 A000004 MORGAN STANLEY
020 B000004 13-2655998
020 C000004    447
020 A000005 ALEX BROWN AND SONS
020 B000005 52-1319768
020 C000005    345
<PAGE>      PAGE  2
020 A000006 CREDIT SWISSE FIRST BOSTON
020 B000006 13-5659485
020 C000006    319
020 A000007 BEAR STEARNS & CO.
020 B000007 13-3299429
020 C000007    279
020 A000008 DONALDSON LUFKIN SECURITIES
020 B000008 13-2741729
020 C000008    278
020 A000009 J.P. MORGAN
020 B000009 13-3224016
020 C000009    247
020 A000010 CANTOR & FITZGERALD
020 B000010 13-3680184
020 C000010    246
021  000000    10405
022 A000001 LOOMIS
022 B000001 04-3200030
022 C000001   3564551
022 D000001         0
022 A000002 GOLDMAN SACHS
022 B000002 13-5108880
022 C000002   2891809
022 D000002    161933
022 A000003 MORGAN STANLEY
022 B000003 13-2655998
022 C000003   2028019
022 D000003    305772
022 A000004 CREDIT SWISSE
022 B000004 13-5659485
022 C000004   1564553
022 D000004    230802
022 A000005 LEHMAN BROTHERS
022 B000005 13-2518466
022 C000005   1260556
022 D000005     86632
022 A000006 MERRILL LYNCH
022 B000006 13-5674085
022 C000006    730858
022 D000006    162298
022 A000007 STARBOARD CAPITAL
022 B000007 23-2770786
022 C000007    416244
022 D000007    353326
022 A000008 PRUDENTIAL
022 B000008 22-2347336
022 C000008    313576
022 D000008    306215
022 A000009 SALOMON
022 B000009 13-3082694
022 C000009    289518
<PAGE>      PAGE  3
022 D000009    169798
022 A000010 SPEAR LEEDS & KELLOG
022 B000010 13-5515160
022 C000010    150675
022 D000010    200567
023 C000000   86633928
023 D000000    4403207
024  00AA00 N
027  000000 Y
077 A000000 Y
077 Q010000 Y
028 A010100     18648
028 A020100         2
028 A030100         0
028 A040100     18010
028 B010100     23593
028 B020100         0
028 B030100         0
028 B040100     28442
028 C010100     19162
028 C020100    108534
028 C030100         0
028 C040100     38035
028 D010100     17849
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028 D030100         0
028 D040100     30279
028 E010100      9936
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028 E030100         0
028 E040100     35914
028 F010100     32778
028 F020100         7
028 F030100         0
028 F040100     50631
028 G010100    121966
028 G020100    108543
028 G030100         0
028 G040100    201311
028 H000100    103706
029  000100 Y
030 A000100    281
030 B000100  5.75
030 C000100  0.00
031 A000100     40
031 B000100      0
032  000100    241
033  000100      0
042 A000100   0
042 B000100   0
042 C000100   0
<PAGE>      PAGE  4
042 D000100 100
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100      0
044  000100      0
062 A000100 N
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
<PAGE>      PAGE  5
070 N010100 Y
070 N020100 Y
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100    347423
071 B000100    432084
071 C000100    716694
071 D000100   97
072 A000100  6
072 B000100     1057
072 C000100      880
072 D000100        0
072 E000100      170
072 F000100     2805
072 G000100      207
072 H000100        0
072 I000100      892
072 J000100        4
072 K000100        0
072 L000100       42
072 M000100        9
072 N000100       11
072 O000100       27
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072 Q000100        0
072 R000100       14
072 S000100       23
072 T000100     1033
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072 V000100        0
072 W000100        0
072 X000100     5067
072 Y000100        0
072 Z000100    -2960
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072BB000100        0
072CC010100   122038
072CC020100        0
072DD010100        0
072DD020100        0
072EE000100   117086
073 A010100   0.0000
073 A020100   0.0000
073 B000100   3.9300
073 C000100   0.0000
<PAGE>      PAGE  6
074 A000100        2
074 B000100    55312
074 C000100        0
074 D000100        0
074 E000100        0
074 F000100   714856
074 G000100        0
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074 J000100     3121
074 K000100        0
074 L000100      635
074 M000100        0
074 N000100   773926
074 O000100     2390
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074 Q000100        0
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074 R020100        0
074 R030100        0
074 R040100     3699
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074 U010100    32019
074 U020100        0
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074 W000100   0.0000
074 X000100    45499
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076  000100     0.00
028 A010200         0
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028 B020200         0
028 B030200         0
028 B040200         0
028 C010200         0
028 C020200        20
028 C030200         0
028 C040200         0
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028 D020200         0
028 D030200         0
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028 E010200         0
028 E020200         0
<PAGE>      PAGE  7
028 E030200         0
028 E040200         4
028 F010200         0
028 F020200         0
028 F030200         0
028 F040200         0
028 G010200         0
028 G020200        20
028 G030200         0
028 G040200         4
028 H000200         0
029  000200 N
030 A000200      0
030 B000200  0.00
030 C000200  0.00
031 A000200      0
031 B000200      0
032  000200      0
033  000200      0
042 A000200   0
042 B000200   0
042 C000200   0
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200      0
044  000200      0
062 A000200 N
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
<PAGE>      PAGE  8
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200       560
071 B000200      1042
071 C000200      1856
071 D000200   60
072 A000200  6
072 B000200       13
072 C000200        9
072 D000200        0
072 E000200        0
072 F000200        9
072 G000200        1
072 H000200        0
072 I000200        1
072 J000200        0
072 K000200        0
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072 N000200        0
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<PAGE>      PAGE  9
072 P000200        0
072 Q000200        0
072 R000200        1
072 S000200        1
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072 U000200        0
072 V000200        0
072 W000200        1
072 X000200       13
072 Y000200        4
072 Z000200       13
072AA000200      146
072BB000200        0
072CC010200       80
072CC020200        0
072DD010200       20
072DD020200        0
072EE000200        0
073 A010200   0.0800
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200        2
074 B000200      859
074 C000200        0
074 D000200        0
074 E000200        0
074 F000200     1620
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200        0
074 L000200        4
074 M000200        0
074 N000200     2485
074 O000200        0
074 P000200        0
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200       11
074 S000200        0
074 T000200     2474
074 U010200      251
074 U020200        0
074 V010200     9.86
074 V020200     0.00
074 W000200   0.0000
074 X000200       13
<PAGE>      PAGE  10
074 Y000200        0
075 A000200        0
075 B000200     2398
076  000200     0.00
SIGNATURE   GEORGE M. CHAMBERLAIN, JR.
TITLE       SR. VP/SECRETARY


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<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-30-1998
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                      540,941,848
<INVESTMENTS-AT-VALUE>                     770,168,236
<RECEIVABLES>                                3,736,196
<ASSETS-OTHER>                                  21,820
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             773,926,253
<PAYABLE-FOR-SECURITIES>                     2,390,500
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,699,129
<TOTAL-LIABILITIES>                          6,089,629
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   501,681,345
<SHARES-COMMON-STOCK>                       26,646,712
<SHARES-COMMON-PRIOR>                       25,218,084
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                       2,959,765
<ACCUMULATED-NET-GAINS>                     39,888,656
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   229,226,388
<NET-ASSETS>                               767,836,624
<DIVIDEND-INCOME>                             879,952,
<INTEREST-INCOME>                            1,056,894
<OTHER-INCOME>                                 170,082
<EXPENSES-NET>                               5,066,693
<NET-INVESTMENT-INCOME>                    (2,959,765)
<REALIZED-GAINS-CURRENT>                    52,666,390
<APPREC-INCREASE-CURRENT>                  122,008,404
<NET-CHANGE-FROM-OPS>                      171,745,029
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   117,086,436
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      4,438,308
<NUMBER-OF-SHARES-REDEEMED>                  7,128,829
<SHARES-REINVESTED>                          4,119,152
<NET-CHANGE-IN-ASSETS>                      83,856,983
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  104,308,702
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,805,285
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,066,693
<AVERAGE-NET-ASSETS>                       749,506,058
<PER-SHARE-NAV-BEGIN>                           22.470
<PER-SHARE-NII>                                (0.094)
<PER-SHARE-GAIN-APPREC>                          5.474
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        3.930
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             23.920
<EXPENSE-RATIO>                                   1.37
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<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-30-1998
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                      540,941,848
<INVESTMENTS-AT-VALUE>                     770,168,236
<RECEIVABLES>                                3,736,196
<ASSETS-OTHER>                                  21,820
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             773,926,253
<PAYABLE-FOR-SECURITIES>                     2,390,500
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,699,129
<TOTAL-LIABILITIES>                          6,089,629
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   501,681,345
<SHARES-COMMON-STOCK>                        1,029,050
<SHARES-COMMON-PRIOR>                          852,036
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<OVERDISTRIBUTION-NII>                       2,959,765
<ACCUMULATED-NET-GAINS>                     39,888,656
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   229,226,388
<NET-ASSETS>                               767,836,624
<DIVIDEND-INCOME>                             879,952,
<INTEREST-INCOME>                            1,056,894
<OTHER-INCOME>                                 170,082
<EXPENSES-NET>                               5,066,693
<NET-INVESTMENT-INCOME>                    (2,959,765)
<REALIZED-GAINS-CURRENT>                    52,666,390
<APPREC-INCREASE-CURRENT>                  122,008,404
<NET-CHANGE-FROM-OPS>                      171,745,029
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   117,086,436
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        181,188
<NUMBER-OF-SHARES-REDEEMED>                    166,349
<SHARES-REINVESTED>                            162,175
<NET-CHANGE-IN-ASSETS>                      83,856,983
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  104,308,702
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,805,285
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,066,693
<AVERAGE-NET-ASSETS>                       749,506,058
<PER-SHARE-NAV-BEGIN>                           21.680
<PER-SHARE-NII>                                (0.170)
<PER-SHARE-GAIN-APPREC>                          5.250
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        3.930
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             22.830
<EXPENSE-RATIO>                                   2.07
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<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-30-1998
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                      540,941,848
<INVESTMENTS-AT-VALUE>                     770,168,236
<RECEIVABLES>                                3,736,196
<ASSETS-OTHER>                                  21,820
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             773,926,253
<PAYABLE-FOR-SECURITIES>                     2,390,500
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,699,129
<TOTAL-LIABILITIES>                          6,089,629
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   501,681,345
<SHARES-COMMON-STOCK>                          214,129
<SHARES-COMMON-PRIOR>                          162,923
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                       2,959,765
<ACCUMULATED-NET-GAINS>                     39,888,656
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   229,226,388
<NET-ASSETS>                               767,836,624
<DIVIDEND-INCOME>                             879,952,
<INTEREST-INCOME>                            1,056,894
<OTHER-INCOME>                                 170,082
<EXPENSES-NET>                               5,066,693
<NET-INVESTMENT-INCOME>                    (2,959,765)
<REALIZED-GAINS-CURRENT>                    52,666,390
<APPREC-INCREASE-CURRENT>                  122,008,404
<NET-CHANGE-FROM-OPS>                      171,745,029
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   117,086,436
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         49,374
<NUMBER-OF-SHARES-REDEEMED>                     30,505
<SHARES-REINVESTED>                             32,337
<NET-CHANGE-IN-ASSETS>                      83,856,983
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  104,308,702
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,805,285
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,066,693
<AVERAGE-NET-ASSETS>                       749,506,058
<PER-SHARE-NAV-BEGIN>                           21.950
<PER-SHARE-NII>                                (0.172)
<PER-SHARE-GAIN-APPREC>                          5.322
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        3.930
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             23.170
<EXPENSE-RATIO>                                   2.07
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<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-30-1998
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                      540,941,848
<INVESTMENTS-AT-VALUE>                     770,168,236
<RECEIVABLES>                                3,736,196
<ASSETS-OTHER>                                  21,820
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             773,926,253
<PAYABLE-FOR-SECURITIES>                     2,390,500
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,699,129
<TOTAL-LIABILITIES>                          6,089,629
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   501,681,345
<SHARES-COMMON-STOCK>                        4,129,548
<SHARES-COMMON-PRIOR>                        4,127,042
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                       2,959,765
<ACCUMULATED-NET-GAINS>                     39,888,656
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   229,226,388
<NET-ASSETS>                               767,836,624
<DIVIDEND-INCOME>                             879,952,
<INTEREST-INCOME>                            1,056,894
<OTHER-INCOME>                                 170,082
<EXPENSES-NET>                               5,066,693
<NET-INVESTMENT-INCOME>                    (2,959,765)
<REALIZED-GAINS-CURRENT>                    52,666,390
<APPREC-INCREASE-CURRENT>                  122,008,404
<NET-CHANGE-FROM-OPS>                      171,745,029
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   117,086,436
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        548,378
<NUMBER-OF-SHARES-REDEEMED>                  1,249,698
<SHARES-REINVESTED>                            703,826
<NET-CHANGE-IN-ASSETS>                      83,856,983
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  104,308,702
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,805,285
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,066,693
<AVERAGE-NET-ASSETS>                       749,506,058
<PER-SHARE-NAV-BEGIN>                           23.070
<PER-SHARE-NII>                                (0.059)
<PER-SHARE-GAIN-APPREC>                          5.629
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        3.930
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             24.710
<EXPENSE-RATIO>                                   1.07
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<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-30-1998
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                        2,270,555
<INVESTMENTS-AT-VALUE>                       2,479,446
<RECEIVABLES>                                    3,184
<ASSETS-OTHER>                                   2,273
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               2,484,903
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       11,022
<TOTAL-LIABILITIES>                             11,022
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     2,146,660
<SHARES-COMMON-STOCK>                              979
<SHARES-COMMON-PRIOR>                            1,337
<ACCUMULATED-NII-CURRENT>                        9,065
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        109,265
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       208,891
<NET-ASSETS>                                 2,473,881
<DIVIDEND-INCOME>                                8,816
<INTEREST-INCOME>                               13,179
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   8,956
<NET-INVESTMENT-INCOME>                         13,039
<REALIZED-GAINS-CURRENT>                       146,081
<APPREC-INCREASE-CURRENT>                       79,842
<NET-CHANGE-FROM-OPS>                          238,962
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       19,930
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                        369
<SHARES-REINVESTED>                                 11
<NET-CHANGE-IN-ASSETS>                         235,319
<ACCUMULATED-NII-PRIOR>                         15,956
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      36,816
<GROSS-ADVISORY-FEES>                            8,994
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 13,299
<AVERAGE-NET-ASSETS>                         2,397,526
<PER-SHARE-NAV-BEGIN>                            8.990
<PER-SHARE-NII>                                  0.052
<PER-SHARE-GAIN-APPREC>                          0.908
<PER-SHARE-DIVIDEND>                             0.080
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              9.870
<EXPENSE-RATIO>                                   0.75
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<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-30-1998
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                                0
<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>                               0
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                      0
<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>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<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-30-1998
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                                0
<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>                               0
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                      0
<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>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<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-30-1998
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                        2,270,555
<INVESTMENTS-AT-VALUE>                       2,479,446
<RECEIVABLES>                                    3,184
<ASSETS-OTHER>                                   2,273
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               2,484,903
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       11,022
<TOTAL-LIABILITIES>                             11,022
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     2,146,660
<SHARES-COMMON-STOCK>                          249,836
<SHARES-COMMON-PRIOR>                          247,790
<ACCUMULATED-NII-CURRENT>                        9,065
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        109,265
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       208,891
<NET-ASSETS>                                 2,473,881
<DIVIDEND-INCOME>                                8,816
<INTEREST-INCOME>                               13,179
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   8,956
<NET-INVESTMENT-INCOME>                         13,039
<REALIZED-GAINS-CURRENT>                       146,081
<APPREC-INCREASE-CURRENT>                       79,842
<NET-CHANGE-FROM-OPS>                          238,962
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       19,930
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                              2,046
<NET-CHANGE-IN-ASSETS>                         235,319
<ACCUMULATED-NII-PRIOR>                         15,956
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      36,816
<GROSS-ADVISORY-FEES>                            8,994
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 13,299
<AVERAGE-NET-ASSETS>                         2,397,526
<PER-SHARE-NAV-BEGIN>                            8.990
<PER-SHARE-NII>                                  0.052
<PER-SHARE-GAIN-APPREC>                          0.898
<PER-SHARE-DIVIDEND>                             0.080
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              9.860
<EXPENSE-RATIO>                                   0.75
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>


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