<PAGE> PAGE 1
000 A000000 04/30/1999
000 C000000 0000079179
000 D000000 N
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000 F000000 Y
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000 J000000 A
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008 A000001 CAPSTONE ASSET MANAGEMENT COMPANY
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012 A000001 FIRST DATA SERVICES, INC
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<PAGE> PAGE 2
012 C020001 PA
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013 A000001 BRIGGS, BUNTING & DOUGHERTY, LLP
013 B010001 PHILADELPHIA
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013 B030001 19103
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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SIGNATURE STEVE MCCABE
TITLE FILING AGENT
[ARTICLE] 6
[CIK] 0000079179
[NAME] CAPSTONE GROWTH FUND, INC.
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] OCT-31-1999
[PERIOD-END] APR-30-1999
[INVESTMENTS-AT-COST] 58433352
[INVESTMENTS-AT-VALUE] 84308764
[RECEIVABLES] 67904
[ASSETS-OTHER] 346045
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 84308764
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 158389
[TOTAL-LIABILITIES] 158389
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 56301612
[SHARES-COMMON-STOCK] 4784683
[SHARES-COMMON-PRIOR] 4713301
[ACCUMULATED-NII-CURRENT] 31230
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 2356070
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 25875412
[NET-ASSETS] 84564324
[DIVIDEND-INCOME] 519018
[INTEREST-INCOME] 1227
[OTHER-INCOME] 0
[EXPENSES-NET] 489346
[NET-INVESTMENT-INCOME] 30899
[REALIZED-GAINS-CURRENT] 2356065
[APPREC-INCREASE-CURRENT] 13393261
[NET-CHANGE-FROM-OPS] 15780225
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 580198
[DISTRIBUTIONS-OF-GAINS] 3107229
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 293105
[NUMBER-OF-SHARES-REDEEMED] 423491
[SHARES-REINVESTED] 201768
[NET-CHANGE-IN-ASSETS] 13024902
[ACCUMULATED-NII-PRIOR] 580529
[ACCUMULATED-GAINS-PRIOR] 3107234
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 274769
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 492330
[AVERAGE-NET-ASSETS] 79580863
[PER-SHARE-NAV-BEGIN] 15.18
[PER-SHARE-NII] .01
[PER-SHARE-GAIN-APPREC] 3.26
[PER-SHARE-DIVIDEND] .12
[PER-SHARE-DISTRIBUTIONS] .66
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 17.67
[EXPENSE-RATIO] 1.24
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
