WASATCH ADVISORS FUNDS INC
NSAR-B, 1995-11-29
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<PAGE>      PAGE  1
000 B000000 09/30/95
000 C000000 0000806633
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 WASATCH ADVISORS FUNDS,INC.
001 B000000 811-4920
001 C000000 8015330777
002 A000000 68 SOUTH MAIN  SUITE 400
002 B000000 SALT LAKE CITY
002 C000000 UT
002 D010000 84101
002 D020000 1502
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  5
007 C010100  1
007 C020100 WASATCH AGGRESSIVE EQUITY FUND
007 C030100 N
007 C010200  2
007 C020200 WASATCH GROWTH FUND
007 C030200 N
007 C010300  3
007 C020300 WASATCH INCOME FUND
007 C030300 N
007 C010400  4
007 C020400 WASATCH MID-CAP FUND
007 C030400 N
007 C010500  5
007 C020500 WASATCH MICRO-CAP FUND
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
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007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
<PAGE>      PAGE  2
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007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
008 A00AA01 WASATCH ADVISORS,INC.
008 B00AA01 A
008 C00AA01 801-11095
008 D01AA01 SALT LAKE CITY
008 D02AA01 UT
008 D03AA01 84101
008 D04AA01 1502
010 A00AA01 SUNSTONE FINANCIAL GROUP,INC.
010 B00AA01 8-42106
010 C01AA01 MILWAUKEE
010 C02AA01 WI
010 C03AA01 53202
012 A00AA01 FIRSTAR TRUST COMPANY
012 B00AA01 85-00410
012 C01AA01 MILWAUKEE
012 C02AA01 WI
012 C03AA01 53202
013 A00AA01 ARTHUR ANDERSEN LLP
013 B01AA01 MILWAUKEE
013 B02AA01 WI
013 B03AA01 53202
015 A00AA01 FIRSTAR TRUST COMPANY
015 B00AA01 C
015 C01AA01 MILWAUKEE
015 C02AA01 WI
015 C03AA01 53202
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
<PAGE>      PAGE  3
019 B00AA00    5
019 C00AA00 WASATCHADV
020 A000001 CAPITAL INSTITUTIONAL SERVICES
020 B000001 75-1565705
020 C000001    213
020 A000002 STANDARD & POOR'S
020 B000002 13-2671951
020 C000002     41
020 A000003 MERILL LYNCH
020 B000003 13-2629351
020 C000003     23
020 A000004 LYNCH JONES & RYAN
020 B000004 13-3356934
020 C000004     18
020 A000005 CHARLES SCHWAB
020 B000005 94-1727783
020 C000005     13
020 A000006 WILLIAM BLAIR
020 B000006 36-2214610
020 C000006      6
020 A000007 LOEWEN ONDAATJE MCCUTCHEON
020 C000007      5
020 A000008 JEFFERIES & CO.
020 B000008 95-2622900
020 C000008      4
020 A000009 PAINEWEBBER
020 B000009 13-2638166
020 C000009      3
020 A000010 EQUITABLE SECURITIES
020 C000010      3
021  000000      346
022 A000001 FIRSTAR TRUST CO.
022 B000001 39-0281225
022 C000001    556761
022 D000001    189323
022 A000002 MONTGOMERY SECS
022 C000002     31064
022 D000002      1747
022 A000003 CHARLES SCHWAB
022 B000003 94-1727783
022 C000003     17766
022 D000003      4661
022 A000004 WILLIAM BLAIR
022 B000004 36-2214610
022 C000004     14829
022 D000004      4150
022 A000005 ALEX BROWN
022 B000005 52-1319768
022 C000005     11800
022 D000005      1847
022 A000006 ADAMS HARKNESS & HILL
<PAGE>      PAGE  4
022 B000006 04-2149932
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022 A000008 HAMBRECHT & QUIST
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022 C000008     10670
022 D000008      1268
022 A000009 ROBINSON HUMPHREY
022 C000009     11244
022 D000009       112
022 A000010 ADVEST, INC.
022 B000010 06-0950348
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
077 Q010000 Y
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080 A00AA00 NATIONAL UNION FIRE INSURANCE COMPANY
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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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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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048 I020400 0.000
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056  000400 Y
057  000400 N
058 A000400 N
059  000400 Y
060 A000400 N
060 B000400 N
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062 A000400 N
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062 D000400   0.0
062 E000400   0.0
062 F000400   0.0
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<PAGE>      PAGE  20
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062 M000400   0.0
062 N000400   0.0
062 O000400   0.0
062 P000400   0.0
062 Q000400   0.0
062 R000400   0.0
063 A000400   0
063 B000400  0.0
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 Y
066 E000400 N
066 F000400 N
066 G000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
<PAGE>      PAGE  21
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
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071 D000400   46
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072 B000400      194
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072 J000400       12
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073 A010400   0.0000
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<PAGE>      PAGE  22
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028 A010500         0
028 A020500         0
028 A030500         0
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028 B030500         0
028 B040500         0
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<PAGE>      PAGE  23
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045  000500 Y
046  000500 N
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048 I010500        0
048 I020500 0.000
048 J010500        0
048 J020500 0.000
048 K010500        0
048 K020500 0.000
055 A000500 N
055 B000500 N
056  000500 Y
057  000500 N
058 A000500 N
059  000500 Y
060 A000500 N
060 B000500 N
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062 A000500 N
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
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<PAGE>      PAGE  24
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062 L000500   0.0
062 M000500   0.0
062 N000500   0.0
062 O000500   0.0
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
063 A000500   0
063 B000500  0.0
066 A000500 Y
066 B000500 Y
066 C000500 N
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 N
070 M020500 N
070 N010500 N
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<PAGE>      PAGE  25
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072 G000500        7
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072 I000500        7
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072 U000500        0
072 V000500        0
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072 Y000500       23
072 Z000500      -20
072AA000500        0
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072CC010500     1708
072CC020500        0
072DD010500        0
072DD020500        0
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073 A010500   0.0000
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<PAGE>      PAGE  26
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074 M000500        7
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074 P000500       13
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074 R010500        0
074 R020500        0
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074 S000500        0
074 T000500    25368
074 U010500     9334
074 U020500        0
074 V010500     2.72
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074 X000500     2927
074 Y000500        0
075 A000500        0
075 B000500     9382
076  000500     0.00
SIGNATURE   SAMUEL S. STEWART JR.                        
TITLE       PRESIDENT           
 


<TABLE> <S> <C>

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<CIK> 0000806633
<NAME> WASATCH ADVISORS FUNDS, INC.
<SERIES>
   <NUMBER> 1
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<PER-SHARE-NII>                                      0
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               2.72
<EXPENSE-RATIO>                                   2.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

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