<PAGE> PAGE 1
000 A000000 03/31/98
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<PAGE> PAGE 2
012 C01AA01 KANSAS CITY
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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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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SIGNATURE LINDA S. MARTINSON
TITLE GENERAL COUNSEL
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<NAME> BARON ASSET FUND
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<NAME> BARON ASSET FUND
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<TABLE> <S> <C>
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<NAME> BARON ASSET FUND
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<NAME> BARON GROWTH & INCOME FUND
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