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> 1
   <NAME> BARON ASSET FUND

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-START>                             OCT-01-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                    3,455,862,191
<INVESTMENTS-AT-VALUE>                   5,695,588,166
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<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                     3,283,915
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   21,642,262
<TOTAL-LIABILITIES>                         24,926,177
<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                       88,721,475
<SHARES-COMMON-PRIOR>                      113,687,936
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<NET-INVESTMENT-INCOME>                   (33,490,245)
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<APPREC-INCREASE-CURRENT>                  967,038,908
<NET-CHANGE-FROM-OPS>                    1,308,556,565
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     11,016,028
<NUMBER-OF-SHARES-REDEEMED>               (35,982,489)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                   (114,973,000)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                 (50,135,045)
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<GROSS-ADVISORY-FEES>                       29,096,788
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<PER-SHARE-NII>                                 (0.38)
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<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              64.79
<EXPENSE-RATIO>                                  0.013


</TABLE>


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