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SIGNATURE THOMAS G. PLUMB
TITLE PRESIDENT
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<NET-CHANGE-FROM-OPS> (353)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1475)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 632
<NUMBER-OF-SHARES-REDEEMED> (1199)
<SHARES-REINVESTED> 133
<NET-CHANGE-IN-ASSETS> (6659)
<ACCUMULATED-NII-PRIOR> 419
<ACCUMULATED-GAINS-PRIOR> (219)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 174
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 296
<AVERAGE-NET-ASSETS> 26736
<PER-SHARE-NAV-BEGIN> 10.93
<PER-SHARE-NII> 0.59
<PER-SHARE-GAIN-APPREC> (0.76)
<PER-SHARE-DIVIDEND> (0.58)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.18
<EXPENSE-RATIO> 0.97
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000795264
<NAME> THOMPSON PLUMB FUNDS, INC.
<SERIES>
<NUMBER> 3
<NAME> THOMPSON PLUMB GROWTH FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-START> DEC-01-1998
<PERIOD-END> NOV-30-1999
<INVESTMENTS-AT-COST> 62301
<INVESTMENTS-AT-VALUE> 78318
<RECEIVABLES> 122
<ASSETS-OTHER> 14
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 78454
<PAYABLE-FOR-SECURITIES> 417
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 101
<TOTAL-LIABILITIES> 518
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 58977
<SHARES-COMMON-STOCK> 1901
<SHARES-COMMON-PRIOR> 1677
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2942
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16017
<NET-ASSETS> 77936
<DIVIDEND-INCOME> 705
<INTEREST-INCOME> 14
<OTHER-INCOME> 0
<EXPENSES-NET> 965
<NET-INVESTMENT-INCOME> (246)
<REALIZED-GAINS-CURRENT> 3355
<APPREC-INCREASE-CURRENT> 3935
<NET-CHANGE-FROM-OPS> 7044
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (5885)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 430
<NUMBER-OF-SHARES-REDEEMED> (366)
<SHARES-REINVESTED> 160
<NET-CHANGE-IN-ASSETS> 9430
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 5718
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 710
<INTEREST-EXPENSE> 4
<GROSS-EXPENSE> 993
<AVERAGE-NET-ASSETS> 73216
<PER-SHARE-NAV-BEGIN> 40.85
<PER-SHARE-NII> (0.13)
<PER-SHARE-GAIN-APPREC> 3.78
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (3.50)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 41.00
<EXPENSE-RATIO> 1.32
</TABLE>
Report of Independent Accountants
To the Board of Directors of
Thompson Plumb Funds, Inc.
In planning and performing our audit of the financial statements of
the Thompson Plumb Balanced Fund, Thompson Plumb Bond Fund, and
Thompson Plumb Growth Fund (constituting the Thompson Plumb
Funds, Inc. hereafter referred to as the "Company") for the year
ended November 30, 1999, we considered its internal control,
including control activities 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 internal control.
The management of the Company is responsible for establishing
and maintaining internal control. In fulfilling
this responsibility, estimates and judgments by management
are required to assess the expected benefits and related
costs of controls. Generally, controls that are relevant to
an audit pertain to the entity's objective of preparing
financial statements for external purposes that are fairly
presented in conformity with accounting principles generally
accepted in the United States. Those controls include the
safeguarding of assets against unauthorized acquisition, use
or disposition.
Because of inherent limitations in internal control,
errors or fraud may occur and not be detected. Also,
projection of any evaluation of internal control to future
periods is subject to the risk that controls may become
inadequate because of changes in conditions or that the
effectiveness of their design and operation may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control 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 one or
more of the internal control components does not reduce to a relatively
low level the risk that misstatements caused by error or fraud in
amounts that would be material in relation to the financial
statments being audited 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 internal
control and its operation, including controls for safeguarding
securities that we consider to be material weaknesses as defined
above as of November 30, 1999.
This report is intended solely for the information and
use of the Board of Directors, management and the Securities
and Exchange Commission and is not intended to be and should not
be used by anyone other than these specified parties.
PRICEWATERHOUSECOOPERS LLP
January 20, 2000
