<PAGE> PAGE 1
000 A000000 03/31/96
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 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
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
<PAGE> PAGE 2
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
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 SUNSTONE FINANCIAL GROUP, INC.
012 B00AA01 84-55850
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 UNITED MISSOURI BANK
015 B00AA01 C
015 C01AA01 KANSAS CITY
015 C02AA01 MO
015 C03AA01 64141
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
<PAGE> PAGE 3
019 B00AA00 5
019 C00AA00 WASATCHFUN
020 A000001 CAPITAL INSTITUTIONAL SERVICES
020 B000001 75-1565705
020 C000001 145
020 A000002 CHARLES SCHWAB
020 B000002 94-1727783
020 C000002 39
020 A000003 STANDARD & POOR'S
020 B000003 13-2671951
020 C000003 8
020 A000004 LYNCH, JONES & RYAN
020 B000004 13-3356934
020 C000004 7
020 A000005 WILLIAM BLAIR
020 B000005 36-2214610
020 C000005 4
020 A000006 FIDELITY
020 B000006 04-2270522
020 C000006 4
020 A000007 SCOTT & STRINGFELLOW
020 C000007 3
020 A000008 DEAN WITTER
020 C000008 3
020 A000009 JEFFRIES & CO., INC.
020 B000009 95-2622900
020 C000009 3
020 A000010 MONTGOMERY SECURITIES
020 B000010 94-1701676
020 C000010 3
021 000000 219
022 A000001 FIRSTAR TRUST CO.
022 B000001 39-0281225
022 C000001 159994
022 D000001 109775
022 A000002 UNITED MISSOURI BANK
022 C000002 98391
022 D000002 103788
022 A000003 CHARLES SCHWAB
022 B000003 94-1727783
022 C000003 32295
022 D000003 27004
022 A000004 MONTGOMERY SECURITIES
022 B000004 94-1701676
022 C000004 18889
022 D000004 16006
022 A000005 WILLIAM BLAIR
022 B000005 36-2214610
022 C000005 17586
022 D000005 5215
022 A000006 HAMBRECHT & QUIST LLC
<PAGE> PAGE 4
022 B000006 94-2856935
022 C000006 18387
022 D000006 693
022 A000007 ADAMS HARKNESS & HILL
022 B000007 04-2149932
022 C000007 10118
022 D000007 7877
022 A000008 ALEX BROWN & SONS
022 B000008 52-1319768
022 C000008 12857
022 D000008 3746
022 A000009 OPPENHEIMER & CO., INC.
022 B000009 13-2798343
022 C000009 5877
022 D000009 5758
022 A000010 JEFFRIES & CO., INC.
022 B000010 95-2622900
022 C000010 3981
022 D000010 6511
023 C000000 378375
023 D000000 286373
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
<PAGE> PAGE 5
037 00AA00 N
038 00AA00 0
039 00AA00 Y
040 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
077 A000000 Y
077 B000000 N
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
<PAGE> PAGE 6
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 NATIONAL UNION FIRE INSURANCE COMPANY
080 C00AA00 775
081 A00AA00 Y
081 B00AA00 5
082 A00AA00 Y
082 B00AA00 30
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 N
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
028 A010100 8578
028 A020100 0
028 A030100 0
028 A040100 10681
028 B010100 6014
028 B020100 0
028 B030100 0
028 B040100 6639
028 C010100 4594
028 C020100 6096
028 C030100 0
028 C040100 5462
028 D010100 7902
028 D020100 0
028 D030100 0
028 D040100 8691
028 E010100 4676
028 E020100 0
028 E030100 0
028 E040100 14521
028 F010100 4965
028 F020100 0
<PAGE> PAGE 7
028 F030100 0
028 F040100 7546
028 G010100 36729
028 G020100 6096
028 G030100 0
028 G040100 53540
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 1.000
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 N
060 B000100 N
061 000100 2000
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
<PAGE> PAGE 8
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
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 Y
066 C000100 N
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
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 N
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
<PAGE> PAGE 9
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 102421
071 B000100 117757
071 C000100 278999
071 D000100 37
072 A000100 6
072 B000100 261
072 C000100 1006
072 D000100 0
072 E000100 0
072 F000100 1428
072 G000100 212
072 H000100 0
072 I000100 317
072 J000100 42
072 K000100 0
072 L000100 70
072 M000100 4
072 N000100 28
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 8
072 S000100 9
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 6
072 X000100 2124
072 Y000100 0
072 Z000100 -857
072AA000100 9835
072BB000100 3785
072CC010100 54047
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 6569
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.5449
073 C000100 0.0000
074 A000100 69
074 B000100 0
074 C000100 9459
<PAGE> PAGE 10
074 D000100 3774
074 E000100 0
074 F000100 279275
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 433
074 K000100 0
074 L000100 358
074 M000100 48
074 N000100 293416
074 O000100 3438
074 P000100 86
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 230
074 S000100 0
074 T000100 289662
074 U010100 11754
074 U020100 0
074 V010100 24.64
074 V020100 0.00
074 W000100 0.0000
074 X000100 15966
074 Y000100 0
075 A000100 0
075 B000100 285612
076 000100 0.00
028 A010200 12547
028 A020200 0
028 A030200 0
028 A040200 2419
028 B010200 5158
028 B020200 0
028 B030200 0
028 B040200 8756
028 C010200 3000
028 C020200 1219
028 C030200 0
028 C040200 2563
028 D010200 7875
028 D020200 0
028 D030200 0
028 D040200 3092
028 E010200 4656
028 E020200 0
028 E030200 0
028 E040200 4614
028 F010200 5096
<PAGE> PAGE 11
028 F020200 0
028 F030200 0
028 F040200 1182
028 G010200 38332
028 G020200 1219
028 G030200 0
028 G040200 22626
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 1.000
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
055 A000200 N
055 B000200 N
056 000200 Y
057 000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 2000
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
<PAGE> PAGE 12
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
063 A000200 0
063 B000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 Y
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
<PAGE> PAGE 13
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 34931
071 B000200 14061
071 C000200 58056
071 D000200 24
072 A000200 6
072 B000200 137
072 C000200 432
072 D000200 0
072 E000200 0
072 F000200 316
072 G000200 47
072 H000200 0
072 I000200 47
072 J000200 8
072 K000200 0
072 L000200 15
072 M000200 1
072 N000200 15
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 2
072 S000200 2
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 1
072 X000200 454
072 Y000200 0
072 Z000200 116
072AA000200 771
072BB000200 265
072CC010200 13095
072CC020200 0
072DD010200 190
072DD020200 0
072EE000200 1105
073 A010200 0.0502
073 A020200 0.0000
073 B000200 0.2915
073 C000200 0.0000
074 A000200 0
074 B000200 0
<PAGE> PAGE 14
074 C000200 4142
074 D000200 2508
074 E000200 0
074 F000200 71916
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 119
074 M000200 27
074 N000200 78712
074 O000200 1705
074 P000200 22
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 214
074 S000200 0
074 T000200 76771
074 U010200 4409
074 U020200 0
074 V010200 17.41
074 V020200 0.00
074 W000200 0.0000
074 X000200 2473
074 Y000200 0
075 A000200 0
075 B000200 63274
076 000200 0.00
028 A010300 758
028 A020300 0
028 A030300 0
028 A040300 98
028 B010300 253
028 B020300 0
028 B030300 0
028 B040300 85
028 C010300 263
028 C020300 199
028 C030300 0
028 C040300 273
028 D010300 329
028 D020300 0
028 D030300 0
028 D040300 135
028 E010300 599
028 E020300 0
028 E030300 0
028 E040300 277
<PAGE> PAGE 15
028 F010300 401
028 F020300 0
028 F030300 0
028 F040300 190
028 G010300 2603
028 G020300 199
028 G030300 0
028 G040300 1058
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.500
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
055 A000300 N
055 B000300 N
056 000300 Y
057 000300 N
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 2000
062 A000300 Y
062 B000300 83.1
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
<PAGE> PAGE 16
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 8.8
062 M000300 7.6
062 N000300 0.0
062 O000300 0.0
062 P000300 0.5
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 1.1
064 A000300 N
064 B000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 N
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 N
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
<PAGE> PAGE 17
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 0
071 B000300 400
071 C000300 4060
071 D000300 0
072 A000300 6
072 B000300 139
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 12
072 G000300 4
072 H000300 0
072 I000300 5
072 J000300 1
072 K000300 0
072 L000300 1
072 M000300 0
072 N000300 10
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 1
072 S000300 1
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 0
072 X000300 35
072 Y000300 10
072 Z000300 114
072AA000300 0
072BB000300 0
072CC010300 25
072CC020300 0
072DD010300 266
072DD020300 0
072EE000300 0
073 A010300 0.5542
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 14
074 B000300 0
074 C000300 5186
074 D000300 452
074 E000300 0
<PAGE> PAGE 18
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 6
074 L000300 9
074 M000300 11
074 N000300 5678
074 O000300 0
074 P000300 3
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 62
074 S000300 0
074 T000300 5613
074 U010300 552
074 U020300 0
074 V010300 10.17
074 V020300 0.00
074 W000300 0.0000
074 X000300 217
074 Y000300 0
075 A000300 0
075 B000300 4954
076 000300 0.00
028 A010400 20464
028 A020400 0
028 A030400 0
028 A040400 7861
028 B010400 15082
028 B020400 0
028 B030400 0
028 B040400 5559
028 C010400 14254
028 C020400 1240
028 C030400 0
028 C040400 4485
028 D010400 38403
028 D020400 0
028 D030400 0
028 D040400 11411
028 E010400 34622
028 E020400 0
028 E030400 0
028 E040400 12194
028 F010400 14493
028 F020400 0
028 F030400 0
<PAGE> PAGE 19
028 F040400 14733
028 G010400 137318
028 G020400 1240
028 G030400 0
028 G040400 56243
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 1.250
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
058 A000400 N
059 000400 Y
060 A000400 N
060 B000400 N
061 000400 2000
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
<PAGE> PAGE 20
062 K000400 0.0
062 L000400 0.0
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
<PAGE> PAGE 21
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 127930
071 B000400 50523
071 C000400 122833
071 D000400 41
072 A000400 6
072 B000400 532
072 C000400 24
072 D000400 0
072 E000400 0
072 F000400 856
072 G000400 102
072 H000400 0
072 I000400 108
072 J000400 16
072 K000400 0
072 L000400 33
072 M000400 2
072 N000400 27
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 3
072 S000400 2
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 2
072 X000400 1151
072 Y000400 0
072 Z000400 -595
072AA000400 3812
072BB000400 0
072CC010400 18468
072CC020400 0
072DD010400 0
072DD020400 0
072EE000400 1324
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.1890
073 C000400 0.0000
074 A000400 717
074 B000400 0
074 C000400 19874
074 D000400 0
<PAGE> PAGE 22
074 E000400 0
074 F000400 165036
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 261
074 K000400 0
074 L000400 103
074 M000400 44
074 N000400 186035
074 O000400 4294
074 P000400 68
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 41
074 S000400 0
074 T000400 181632
074 U010400 9936
074 U020400 0
074 V010400 18.28
074 V020400 0.00
074 W000400 0.0000
074 X000400 8601
074 Y000400 0
075 A000400 0
075 B000400 136970
076 000400 0.00
028 A010500 7175
028 A020500 0
028 A030500 0
028 A040500 1173
028 B010500 7123
028 B020500 0
028 B030500 0
028 B040500 1578
028 C010500 8171
028 C020500 0
028 C030500 0
028 C040500 1070
028 D010500 12162
028 D020500 0
028 D030500 0
028 D040500 2871
028 E010500 6381
028 E020500 0
028 E030500 0
028 E040500 4923
028 F010500 7570
028 F020500 0
<PAGE> PAGE 23
028 F030500 0
028 F040500 2903
028 G010500 48582
028 G020500 0
028 G030500 0
028 G040500 14518
028 H000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 2.000
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
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
061 000500 2000
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
062 I000500 0.0
<PAGE> PAGE 24
062 J000500 0.0
062 K000500 0.0
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
070 N020500 N
070 O010500 Y
<PAGE> PAGE 25
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 43535
071 B000500 13842
071 C000500 39308
071 D000500 35
072 A000500 6
072 B000500 172
072 C000500 75
072 D000500 0
072 E000500 0
072 F000500 449
072 G000500 33
072 H000500 0
072 I000500 49
072 J000500 9
072 K000500 0
072 L000500 13
072 M000500 1
072 N000500 13
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 3
072 S000500 2
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 2
072 X000500 574
072 Y000500 11
072 Z000500 -315
072AA000500 868
072BB000500 0
072CC010500 6516
072CC020500 0
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 351
074 B000500 0
074 C000500 9890
<PAGE> PAGE 26
074 D000500 0
074 E000500 0
074 F000500 56160
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 750
074 K000500 11
074 L000500 27
074 M000500 23
074 N000500 67212
074 O000500 2355
074 P000500 38
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 26
074 S000500 0
074 T000500 64793
074 U010500 21829
074 U020500 0
074 V010500 2.97
074 V020500 0.00
074 W000500 0.0000
074 X000500 5559
074 Y000500 0
075 A000500 0
075 B000500 44947
076 000500 0.00
SIGNATURE SAMUEL S. STEWART JR.
TITLE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000806633
<NAME> WASATCH FUNDS, INC.
<SERIES>
<NUMBER> 1
<NAME> WASATCH AGGRESSIVE EQUITY
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-1-1995
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 238,461,702
<INVESTMENTS-AT-VALUE> 292,508,837
<RECEIVABLES> 791,098
<ASSETS-OTHER> 115,991
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 293,415,926
<PAYABLE-FOR-SECURITIES> 3,437,981
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 315,695
<TOTAL-LIABILITIES> 3,753,676
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 234,318,139
<SHARES-COMMON-STOCK> 11,753,861
<SHARES-COMMON-PRIOR> 12,212,284
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,296,976
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 54,047,135
<NET-ASSETS> 289,662,250
<DIVIDEND-INCOME> 1,005,752
<INTEREST-INCOME> 261,325
<OTHER-INCOME> 0
<EXPENSES-NET> (2,124,021)
<NET-INVESTMENT-INCOME> (856,944)
<REALIZED-GAINS-CURRENT> 6,049,596
<APPREC-INCREASE-CURRENT> (3,557,190)
<NET-CHANGE-FROM-OPS> 1,635,462
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (6,568,917)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,555,936
<NUMBER-OF-SHARES-REDEEMED> 2,271,914
<SHARES-REINVESTED> 257,555
<NET-CHANGE-IN-ASSETS> (15,648,779)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,287,054
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,427,853
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,124,021
<AVERAGE-NET-ASSETS> 285,612,079
<PER-SHARE-NAV-BEGIN> 25.00
<PER-SHARE-NII> (.12)
<PER-SHARE-GAIN-APPREC> .30
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.54)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 24.64
<EXPENSE-RATIO> 1.48
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000806633
<NAME> WASATCH FUNDS, INC.
<SERIES>
<NUMBER> 2
<NAME> WASATCH GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-1-1995
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 65,471,015
<INVESTMENTS-AT-VALUE> 78,565,866
<RECEIVABLES> 118,759
<ASSETS-OTHER> 27,033
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 78,711,658
<PAYABLE-FOR-SECURITIES> 1,704,514
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 236,594
<TOTAL-LIABILITIES> 1,941,108
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63,641,516
<SHARES-COMMON-STOCK> 4,409,272
<SHARES-COMMON-PRIOR> 3,351,512
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 34,183
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13,094,851
<NET-ASSETS> 76,770,550
<DIVIDEND-INCOME> 432,131
<INTEREST-INCOME> 137,151
<OTHER-INCOME> 0
<EXPENSES-NET> (453,548)
<NET-INVESTMENT-INCOME> 115,734
<REALIZED-GAINS-CURRENT> 506,097
<APPREC-INCREASE-CURRENT> 6,985,120
<NET-CHANGE-FROM-OPS> 7,606,951
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (190,396)
<DISTRIBUTIONS-OF-GAINS> (1,105,143)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,416,597
<NUMBER-OF-SHARES-REDEEMED> 1,435,562
<SHARES-REINVESTED> 76,725
<NET-CHANGE-IN-ASSETS> 23,237,085
<ACCUMULATED-NII-PRIOR> 57,262
<ACCUMULATED-GAINS-PRIOR> 633,229
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 316,195
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 453,548
<AVERAGE-NET-ASSETS> 63,274,172
<PER-SHARE-NAV-BEGIN> 15.97
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 1.75
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> (.29)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.41
<EXPENSE-RATIO> 1.43
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000806633
<NAME> WASATCH FUNDS, INC.
<SERIES>
<NUMBER> 3
<NAME> WASATCH INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-01-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 5,612,692
<INVESTMENTS-AT-VALUE> 5,637,488
<RECEIVABLES> 15,513
<ASSETS-OTHER> 25,224
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,678,225
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 65,155
<TOTAL-LIABILITIES> 65,155
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,674,401
<SHARES-COMMON-STOCK> 551,808
<SHARES-COMMON-PRIOR> 384,158
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (86,127)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 24,796
<NET-ASSETS> 5,613,070
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 139,103
<OTHER-INCOME> 0
<EXPENSES-NET> (24,762)
<NET-INVESTMENT-INCOME> 114,341
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> (14,426)
<NET-CHANGE-FROM-OPS> 99,915
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (265,893)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 249,977
<NUMBER-OF-SHARES-REDEEMED> 101,760
<SHARES-REINVESTED> 19,433
<NET-CHANGE-IN-ASSETS> 1,577,847
<ACCUMULATED-NII-PRIOR> 151,554
<ACCUMULATED-GAINS-PRIOR> (86,127)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 12,384
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 35,086
<AVERAGE-NET-ASSETS> 4,954,250
<PER-SHARE-NAV-BEGIN> 10.50
<PER-SHARE-NII> .16
<PER-SHARE-GAIN-APPREC> .06
<PER-SHARE-DIVIDEND> (.55)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.17
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000806633
<NAME> WASATCH FUNDS, INC.
<SERIES>
<NUMBER> 4
<NAME> WASATCH MIDCAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-01-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 166,441,460
<INVESTMENTS-AT-VALUE> 184,909,908
<RECEIVABLES> 363,507
<ASSETS-OTHER> 761,461
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 186,034,876
<PAYABLE-FOR-SECURITIES> 4,294,366
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 108,458
<TOTAL-LIABILITIES> 4,402,824
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 167,913,907
<SHARES-COMMON-STOCK> 9,936,012
<SHARES-COMMON-PRIOR> 5,297,597
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,750,303)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 18,468,448
<NET-ASSETS> 181,632,052
<DIVIDEND-INCOME> 24,132
<INTEREST-INCOME> 531,532
<OTHER-INCOME> 0
<EXPENSES-NET> (1,150,729)
<NET-INVESTMENT-INCOME> (595,065)
<REALIZED-GAINS-CURRENT> (3,811,681)
<APPREC-INCREASE-CURRENT> 6,443,232
<NET-CHANGE-FROM-OPS> 2,036,486
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (1,324,009)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,730,759
<NUMBER-OF-SHARES-REDEEMED> 3,160,830
<SHARES-REINVESTED> 68,486
<NET-CHANGE-IN-ASSETS> 83,026,575
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 252,761
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 855,876
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,150,729
<AVERAGE-NET-ASSETS> 136,970,326
<PER-SHARE-NAV-BEGIN> 18.61
<PER-SHARE-NII> (.07)
<PER-SHARE-GAIN-APPREC> (.07)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.19)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.28
<EXPENSE-RATIO> 1.68
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000806633
<NAME> WASATCH FUNDS, INC.
<SERIES>
<NUMBER> 5
<NAME> WASATCH MICROCAP
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-01-1995
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 59,534,217
<INVESTMENTS-AT-VALUE> 66,050,249
<RECEIVABLES> 787,652
<ASSETS-OTHER> 374,474
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 67,212,375
<PAYABLE-FOR-SECURITIES> 2,355,273
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 64,502
<TOTAL-LIABILITIES> 2,419,775
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 57,409,233
<SHARES-COMMON-STOCK> 21,829,326
<SHARES-COMMON-PRIOR> 9,333,798
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 867,335
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,516,032
<NET-ASSETS> 64,792,600
<DIVIDEND-INCOME> 74,805
<INTEREST-INCOME> 172,313
<OTHER-INCOME> 0
<EXPENSES-NET> (562,253)
<NET-INVESTMENT-INCOME> (315,135)
<REALIZED-GAINS-CURRENT> 868,088
<APPREC-INCREASE-CURRENT> 4,808,176
<NET-CHANGE-FROM-OPS> 5,361,129
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17,741,120
<NUMBER-OF-SHARES-REDEEMED> 5,245,592
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 39,424,459
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (753)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 449,289
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 573,713
<AVERAGE-NET-ASSETS> 44,947,444
<PER-SHARE-NAV-BEGIN> 2.72
<PER-SHARE-NII> (.02)
<PER-SHARE-GAIN-APPREC> .27
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 2.97
<EXPENSE-RATIO> 2.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>