NICHOLAS APPLEGATE FUND INC
NSAR-A, 1996-08-27
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<PAGE>      PAGE  1
000 A000000 06/30/96
000 C000000 0000810212
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000 F000000 Y
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000 J000000 A
001 A000000 NICHOLAS-APPLEGATE FUND, INC.
001 B000000 811-5019
001 C000000 2122145118
002 A000000 199 WATER STREET
002 B000000 NEW YORK
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002 D010000 10292
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008 B000001 A
008 C000001 801-000000
008 D010001 SAN DIEGO
008 D020001 CA
008 D030001 92101
010 A000001 PRUDENTIAL SECURITIES INC.
010 C010001 199 WATER STREET
010 C020001 NY
010 C030001 10292
012 C010001 NEW BRUNSWICK
012 C020001 NJ
012 C030001 08906
013 A000001 ERNST & YOUNG LLP
013 B010001 LA
013 B020001 CA
013 B030001 90071
015 A000001 STATE STREET BANK & TRUST COMPANY
015 B000001 C
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015 C020001 MA
015 C030001 02171
015 E020001 X
018  000000 N
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019 C000000 PRUDENTIAL
020 A000001 AUTRANET, INC.
020 B000001 13-2961507
020 C000001    123
020 A000002 SMITH BARNEY, INC.
020 B000002 13-1912900
020 C000002     60
020 A000003 CITATION FINANCE GROUP, L.P.
020 C000003     47
020 A000004 INSTINET CORP.
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020 C000004     45
020 A000005 BROADCOURT CAPITAL CORP.
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020 C000005     30
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020 C000006     24
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020 B000007 13-5108880
020 C000007     12
020 A000008 LEHMAN, INC.
020 B000008 13-2518466
020 C000008      8
020 A000009 INTERSTATE / JOHNSON LANE CORP.
020 B000009 56-0276690
020 C000009      7
020 A000010 BRIDGE TRADING COMPANY
020 B000010 43-1450530
020 C000010      6
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022 B000002 13-5108880
022 C000002    300536
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022 A000003 MORGAN (J.P.) SECURITIES, INC.
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022 D000003       502
022 A000004 MERRILL, LYNCH, PIERCE, FENNER & SMITH, INC.
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022 A000006 FIRST (C.S.)BOSTON
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022 A000008 TRAVELERS INSURANCE COMPANY (THE)
022 C000008     64960
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SIGNATURE   GRACE TORRES                                 
TITLE       TREASURER           
 


<TABLE> <S> <C>






    <ARTICLE> 6
    <CIK> 0000810212
    <NAME> NICHOLAS-APPLEGATE GROWTH EQUITY FUND
    <SERIES>
       <NUMBER> 001
       <NAME> NICHOLAS-APPLEGATE GROWTH EQUITY FUND (CLASS A)
           
    <S>                             <C>
    <PERIOD-TYPE>                      6-MOS
    <FISCAL-YEAR-END>                          DEC-31-1995
    <PERIOD-END>                               JUN-30-1996
    <INVESTMENTS-AT-COST>                      347,395,411
    <INVESTMENTS-AT-VALUE>                     457,134,255
    <RECEIVABLES>                               26,540,414
    <ASSETS-OTHER>                                 100,143
    <OTHER-ITEMS-ASSETS>                                 0
    <TOTAL-ASSETS>                             483,774,812
    <PAYABLE-FOR-SECURITIES>                             0
    <SENIOR-LONG-TERM-DEBT>                              0
    <OTHER-ITEMS-LIABILITIES>                    4,326,793
    <TOTAL-LIABILITIES>                          4,326,793
    <SENIOR-EQUITY>                                      0
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    <SHARES-COMMON-STOCK>                       29,914,698
    <SHARES-COMMON-PRIOR>                       28,588,484
    <ACCUMULATED-NII-CURRENT>                   (3,278,795)
    <OVERDISTRIBUTION-NII>                               0
    <ACCUMULATED-NET-GAINS>                     37,657,066
    <OVERDISTRIBUTION-GAINS>                             0
    <ACCUM-APPREC-OR-DEPREC>                   109,738,844
    <NET-ASSETS>                               479,448,019
    <DIVIDEND-INCOME>                              475,782
    <INTEREST-INCOME>                              504,642
    <OTHER-INCOME>                                       0
    <EXPENSES-NET>                               4,259,219
    <NET-INVESTMENT-INCOME>                     (3,278,795)
    <REALIZED-GAINS-CURRENT>                    37,269,068
    <APPREC-INCREASE-CURRENT>                   16,622,961
    <NET-CHANGE-FROM-OPS>                       50,613,234
    <EQUALIZATION>                                       0
    <DISTRIBUTIONS-OF-INCOME>                            0
    <DISTRIBUTIONS-OF-GAINS>                   (12,896,864)
    <DISTRIBUTIONS-OTHER>                                0
    <NUMBER-OF-SHARES-SOLD>                    416,893,517
    <NUMBER-OF-SHARES-REDEEMED>                 11,619,029
    <SHARES-REINVESTED>                       (406,769,181)
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    <ACCUMULATED-NII-PRIOR>                        (25,587)
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    <GROSS-ADVISORY-FEES>                        2,036,265
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    <GROSS-EXPENSE>                              4,259,219
    <AVERAGE-NET-ASSETS>                       128,845,000
    <PER-SHARE-NAV-BEGIN>                            15.18
    <PER-SHARE-NII>                                  (0.07)
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    <EXPENSE-RATIO>                                   1.41
    <AVG-DEBT-OUTSTANDING>                               0
    <AVG-DEBT-PER-SHARE>                              0.00
            


</TABLE>

<TABLE> <S> <C>






    <ARTICLE> 6
    <CIK> 0000810212
    <NAME> NICHOLAS-APPLEGATE GROWTH EQUITY FUND
    <SERIES>
       <NUMBER> 002
       <NAME> NICHOLAS-APPLEGATE GROWTH EQUITY FUND (CLASS B)
           
    <S>                             <C>
    <PERIOD-TYPE>                      6-MOS
    <FISCAL-YEAR-END>                          DEC-31-1995
    <PERIOD-END>                               JUN-30-1996
    <INVESTMENTS-AT-COST>                      347,395,411
    <INVESTMENTS-AT-VALUE>                     457,134,255
    <RECEIVABLES>                               26,540,414
    <ASSETS-OTHER>                                 100,143
    <OTHER-ITEMS-ASSETS>                                 0
    <TOTAL-ASSETS>                             483,774,812
    <PAYABLE-FOR-SECURITIES>                             0
    <SENIOR-LONG-TERM-DEBT>                              0
    <OTHER-ITEMS-LIABILITIES>                    4,326,793
    <TOTAL-LIABILITIES>                          4,326,793
    <SENIOR-EQUITY>                                      0
    <PAID-IN-CAPITAL-COMMON>                   335,330,904
    <SHARES-COMMON-STOCK>                       29,914,698
    <SHARES-COMMON-PRIOR>                       28,588,484
    <ACCUMULATED-NII-CURRENT>                   (3,278,795)
    <OVERDISTRIBUTION-NII>                               0
    <ACCUMULATED-NET-GAINS>                     37,657,066
    <OVERDISTRIBUTION-GAINS>                             0
    <ACCUM-APPREC-OR-DEPREC>                   109,738,844
    <NET-ASSETS>                               479,448,019
    <DIVIDEND-INCOME>                              475,782
    <INTEREST-INCOME>                              504,642
    <OTHER-INCOME>                                       0
    <EXPENSES-NET>                               4,259,219
    <NET-INVESTMENT-INCOME>                     (3,278,795)
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    <APPREC-INCREASE-CURRENT>                   16,622,961
    <NET-CHANGE-FROM-OPS>                       50,613,234
    <EQUALIZATION>                                       0
    <DISTRIBUTIONS-OF-INCOME>                            0
    <DISTRIBUTIONS-OF-GAINS>                   (12,896,864)
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    <SHARES-REINVESTED>                       (406,769,181)
    <NET-CHANGE-IN-ASSETS>                      59,459,735
    <ACCUMULATED-NII-PRIOR>                        (25,587)
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    <OVERDISTRIB-NII-PRIOR>                              0
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    <PER-SHARE-NII>                                  (0.13)
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>






    <ARTICLE> 6
    <CIK> 0000810212
    <NAME> NICHOLAS-APPLEGATE GROWTH EQUITY FUND
    <SERIES>
       <NUMBER> 003
       <NAME> NICHOLAS-APPLEGATE GROWTH EQUITY FUND (CLASS C)
           
    <S>                             <C>
    <PERIOD-TYPE>                      6-MOS
    <FISCAL-YEAR-END>                          DEC-31-1995
    <PERIOD-END>                               JUN-30-1996
    <INVESTMENTS-AT-COST>                      347,395,411
    <INVESTMENTS-AT-VALUE>                     457,134,255
    <RECEIVABLES>                               26,540,414
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    <TOTAL-ASSETS>                             483,774,812
    <PAYABLE-FOR-SECURITIES>                             0
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    <SENIOR-EQUITY>                                      0
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    <ACCUMULATED-NII-CURRENT>                   (3,278,795)
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    <OVERDISTRIBUTION-GAINS>                             0
    <ACCUM-APPREC-OR-DEPREC>                   109,738,844
    <NET-ASSETS>                               479,448,019
    <DIVIDEND-INCOME>                              475,782
    <INTEREST-INCOME>                              504,642
    <OTHER-INCOME>                                       0
    <EXPENSES-NET>                               4,259,219
    <NET-INVESTMENT-INCOME>                     (3,278,795)
    <REALIZED-GAINS-CURRENT>                    37,269,068
    <APPREC-INCREASE-CURRENT>                   16,622,961
    <NET-CHANGE-FROM-OPS>                       50,613,234
    <EQUALIZATION>                                       0
    <DISTRIBUTIONS-OF-INCOME>                            0
    <DISTRIBUTIONS-OF-GAINS>                   (12,896,864)
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    <NUMBER-OF-SHARES-SOLD>                    416,893,517
    <NUMBER-OF-SHARES-REDEEMED>                 11,619,029
    <SHARES-REINVESTED>                       (406,769,181)
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    <OVERDISTRIB-NII-PRIOR>                              0
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    <GROSS-ADVISORY-FEES>                        2,036,265
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    <GROSS-EXPENSE>                              4,259,219
    <AVERAGE-NET-ASSETS>                         5,295,000
    <PER-SHARE-NAV-BEGIN>                            14.49










    <PER-SHARE-NII>                                  (0.15)
    <PER-SHARE-GAIN-APPREC>                           1.89
    <PER-SHARE-DIVIDEND>                              0.00
    <PER-SHARE-DISTRIBUTIONS>                        (0.47)
    <RETURNS-OF-CAPITAL>                              0.00
    <PER-SHARE-NAV-END>                              15.76
    <EXPENSE-RATIO>                                   2.24
    <AVG-DEBT-OUTSTANDING>                               0
    <AVG-DEBT-PER-SHARE>                              0.00
            
    <ARTICLE> 6
    <CIK> 0000810212
    <NAME> NICHOLAS-APPLEGATE GROWTH EQUITY FUND
    <SERIES>
       [NUMBER] 003
       <NAME> NICHOLAS-APPLEGATE GROWTH EQUITY FUND (CLASS C)
           
    <S>                             <C>
    <PERIOD-TYPE>                      6-MOS
    <FISCAL-YEAR-END>                          DEC-31-1995
    <PERIOD-END>                               JUN-30-1996
    [INVESTMENTS-AT-COST]                      347,395,411
    [INVESTMENTS-AT-VALUE]                     457,134,255
    [RECEIVABLES]                               26,540,414
    [ASSETS-OTHER]                                 100,143
    [OTHER-ITEMS-ASSETS]                                 0
    [TOTAL-ASSETS]                             483,774,812
    [PAYABLE-FOR-SECURITIES]                             0
    [SENIOR-LONG-TERM-DEBT]                              0
    [OTHER-ITEMS-LIABILITIES]                    4,326,793
    [TOTAL-LIABILITIES]                          4,326,793
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    [SHARES-COMMON-STOCK]                       29,914,698
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    [DIVIDEND-INCOME]                              475,782
    [INTEREST-INCOME]                              504,642
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    [EXPENSES-NET]                               4,259,219
    [NET-INVESTMENT-INCOME]                     (3,278,795)
    [REALIZED-GAINS-CURRENT]                    37,269,068
    [APPREC-INCREASE-CURRENT]                   16,622,961
    [NET-CHANGE-FROM-OPS]                       50,613,234
    [EQUALIZATION]                                       0
    [DISTRIBUTIONS-OF-INCOME]                            0
    [DISTRIBUTIONS-OF-GAINS]                   (12,896,864)
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    [NUMBER-OF-SHARES-SOLD]                    416,893,517
    [NUMBER-OF-SHARES-REDEEMED]                 11,619,029
    [SHARES-REINVESTED]                       (406,769,181)










    [NET-CHANGE-IN-ASSETS]                      59,459,735
    [ACCUMULATED-NII-PRIOR]                        (25,587)
    [ACCUMULATED-GAINS-PRIOR]                   13,284,862
    [OVERDISTRIB-NII-PRIOR]                              0
    [OVERDIST-NET-GAINS-PRIOR]                           0
    [GROSS-ADVISORY-FEES]                        2,036,265
    [INTEREST-EXPENSE]                                   0
    [GROSS-EXPENSE]                              4,259,219
    [AVERAGE-NET-ASSETS]                         5,295,000
    [PER-SHARE-NAV-BEGIN]                            14.49
    [PER-SHARE-NII]                                  (0.15)
    [PER-SHARE-GAIN-APPREC]                           1.89
    [PER-SHARE-DIVIDEND]                              0.00
    [PER-SHARE-DISTRIBUTIONS]                        (0.47)
    [RETURNS-OF-CAPITAL]                              0.00
    [PER-SHARE-NAV-END]                              15.76
    [EXPENSE-RATIO]                                   2.24
    [AVG-DEBT-OUTSTANDING]                               0
    [AVG-DEBT-PER-SHARE]                              0.00
            


</TABLE>


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