WASATCH ADVISORS FUNDS INC
NSAR-A, 1996-05-30
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<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
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<PAGE>      PAGE  2
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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
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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
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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
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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
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
077 P000000 N
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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 G010400        0
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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
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<PAGE>      PAGE  20
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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
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072 I000400      108
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072 Q000400        0
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072 V000400        0
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072 Y000400        0
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072DD020400        0
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073 A010400   0.0000
073 A020400   0.0000
073 B000400   0.1890
073 C000400   0.0000
074 A000400      717
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<PAGE>      PAGE  22
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074 H000400        0
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074 R030400        0
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074 U010400     9936
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074 V020400     0.00
074 W000400   0.0000
074 X000400     8601
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076  000400     0.00
028 A010500      7175
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028 A030500         0
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028 B010500      7123
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028 B030500         0
028 B040500      1578
028 C010500      8171
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028 C030500         0
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028 D030500         0
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<PAGE>      PAGE  23
028 F030500         0
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028 G010500     48582
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045  000500 Y
046  000500 N
047  000500 Y
048  000500  2.000
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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
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<PAGE>      PAGE  24
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062 K000500   0.0
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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
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071 B000500     13842
071 C000500     39308
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072 M000500        1
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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
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073 C000500   0.0000
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<PAGE>      PAGE  26
074 D000500        0
074 E000500        0
074 F000500    56160
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500      750
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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
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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>

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<CIK> 0000806633
<NAME> WASATCH FUNDS, INC.
<SERIES>
   <NUMBER> 1
   <NAME> WASATCH AGGRESSIVE EQUITY
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806633
<NAME> WASATCH FUNDS, INC.
<SERIES>
   <NUMBER> 2
   <NAME> WASATCH GROWTH FUND
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806633
<NAME> WASATCH FUNDS, INC.
<SERIES>
   <NUMBER> 3
   <NAME> WASATCH INCOME FUND
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806633
<NAME> WASATCH FUNDS, INC.
<SERIES>
   <NUMBER> 4
   <NAME> WASATCH MIDCAP FUND
       
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<PER-SHARE-NII>                                  (.07)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000806633
<NAME> WASATCH FUNDS, INC.
<SERIES>
   <NUMBER> 5
   <NAME> WASATCH MICROCAP
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<SENIOR-EQUITY>                                      0
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<PER-SHARE-NAV-BEGIN>                             2.72
<PER-SHARE-NII>                                  (.02)
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<PER-SHARE-DISTRIBUTIONS>                            0
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<EXPENSE-RATIO>                                   2.50
<AVG-DEBT-OUTSTANDING>                               0
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