VANGUARD CONVERTIBLE SECURITIES FUND INC
NSAR-B, 1997-01-24
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<PAGE>      PAGE  1
000 B000000 11/30/96
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001 A000000 VANGUARD CONVERTIBLE SECURITIES FUND, INC.
001 B000000 811-4627
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
007 A000000 N
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008 A000001 OAKTREE CAPITAL MANAGEMENT, LLC
008 B000001 A
008 C000001 801-48923
008 D010001 LOS ANGELES
008 D020001 CA
008 D030001 90071
008 A000002 DESAI CAPITAL MANAGEMENT INCORPORATED
008 B000002 A
008 C000002 801-23637
008 D010002 NEW YORK
008 D020002 NY
008 D030002 10022
018  000000 Y
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019 C000000 VANGUARDGR
020 A000001 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000001 13-5674085
020 C000001     40
020 A000002 PRUDENTIAL SECURITIES INC.
020 B000002 22-2347336
020 C000002     19
020 A000003 GREEN STREET ADVISORS
020 B000003 33-0275837
020 C000003     10
020 A000004 BEAR STEARNS & CO.
020 B000004 13-3299429
020 C000004      8
020 A000005 GOLDMAN SACHS & CO.
<PAGE>      PAGE  2
020 B000005 13-5108880
020 C000005      7
020 A000006 SALOMON BROTHERS INC.
020 B000006 13-3082694
020 C000006      6
020 A000007 GRUSS,(OSCAR)& SON INCORPORATED
020 B000007 13-2913779
020 C000007      6
020 A000008 DEUTSCHE MORGAN GRENFELL/C.J. LAWRENCE INC.
020 B000008 13-2730828
020 C000008      4
020 A000009 DILLON, READ & CO. INC.
020 B000009 13-1939216
020 C000009      3
020 A000010 MORGAN STANLEY & CO., INC.
020 B000010 13-2655998
020 C000010      2
021  000000      112
022 A000001 THE VANGUARD GROUP, INC./POOLED CASH ACCT.
022 B000001 23-1945930
022 C000001   1066789
022 D000001         0
022 A000002 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
022 B000002 13-2741729
022 C000002     10398
022 D000002     17985
022 A000003 CS FIRST BOSTON CORP.
022 B000003 13-5659485
022 C000003     15531
022 D000003      9184
022 A000004 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000004 13-5674085
022 C000004     14682
022 D000004      9199
022 A000005 MORGAN STANLEY & CO., INC.
022 B000005 13-2655998
022 C000005      9830
022 D000005     12906
022 A000006 SALOMON BROTHERS
022 B000006 13-3082694
022 C000006     12293
022 D000006      4313
022 A000007 DILLON, READ & CO. INC.
022 B000007 13-1939216
022 C000007      5003
022 D000007     11533
022 A000008 LEHMAN BROTHERS INC.
022 B000008 13-2518466
022 C000008      9101
022 D000008      6741
022 A000009 GOLDMAN SACHS & CO.
<PAGE>      PAGE  3
022 B000009 13-5108880
022 C000009     10491
022 D000009      3409
022 A000010 J.P. MORGAN SECURITIES INC.
022 B000010 13-3224016
022 C000010      5027
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SIGNATURE   GARY P. SOURA                                
TITLE       MANAGER             
 


<TABLE> <S> <C>

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<CIK> 0000791107
<NAME> VANGUARD CONVERTIBLE SECURITIES FUND, INC.
<MULTIPLIER> 1,000
<CURRENCY> US
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-START>                             DEC-01-1995
<PERIOD-END>                               NOV-30-1996
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</TABLE>


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