BARON ASSET FUND
NSAR-A, EX-27, 2000-05-30
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000810902
<NAME> BARON ASSET FUND
<SERIES>
   <NUMBER> 4
   <NAME> BARON IOPPORTUNITY FUND

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-START>                             FEB-29-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                      250,174,737
<INVESTMENTS-AT-VALUE>                     244,292,799
<RECEIVABLES>                                1,263,314
<ASSETS-OTHER>                                 811,025
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             246,367,138
<PAYABLE-FOR-SECURITIES>                    16,299,208
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      366,749
<TOTAL-LIABILITIES>                         16,635,957
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   233,169,298
<SHARES-COMMON-STOCK>                       23,297,726
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      476,883
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,966,938
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (5,881,938)
<NET-ASSETS>                               229,731,181
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              765,232
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 288,349
<NET-INVESTMENT-INCOME>                        476,883
<REALIZED-GAINS-CURRENT>                     1,966,938
<APPREC-INCREASE-CURRENT>                  (5,881,938)
<NET-CHANGE-FROM-OPS>                      (3,438,117)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     24,159,302
<NUMBER-OF-SHARES-REDEEMED>                  (861,576)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     229,731,181
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          192,363
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                366,901
<AVERAGE-NET-ASSETS>                       227,307,654
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.02
<PER-SHARE-GAIN-APPREC>                          (.16)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.86
<EXPENSE-RATIO>                                   .015


</TABLE>


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