BARON ASSET FUND
NSAR-B, EX-27, 2000-11-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000810902
<NAME> BARON ASSET FUND
<SERIES>
   <NUMBER> 2
   <NAME> BARON GROWTH FUND

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-START>                             OCT-01-1999
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                      391,664,435
<INVESTMENTS-AT-VALUE>                     542,472,738
<RECEIVABLES>                                3,478,471
<ASSETS-OTHER>                                   3,209
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             545,954,418
<PAYABLE-FOR-SECURITIES>                    11,156,131
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,351,141
<TOTAL-LIABILITIES>                         12,507,272
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   333,187,966
<SHARES-COMMON-STOCK>                       16,534,864
<SHARES-COMMON-PRIOR>                       15,121,926
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     49,450,877
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   150,808,303
<NET-ASSETS>                               533,447,146
<DIVIDEND-INCOME>                            2,174,519
<INTEREST-INCOME>                            1,039,730
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               7,581,994
<NET-INVESTMENT-INCOME>                    (4,368,281)
<REALIZED-GAINS-CURRENT>                    62,856,684
<APPREC-INCREASE-CURRENT>                   32,919,784
<NET-CHANGE-FROM-OPS>                       91,408,187
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                  (29,536,361)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      9,330,253
<NUMBER-OF-SHARES-REDEEMED>                (8,947,021)
<SHARES-REINVESTED>                          1,029,706
<NET-CHANGE-IN-ASSETS>                      94,022,362
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   28,724,597
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        5,577,859
<INTEREST-EXPENSE>                              14,645
<GROSS-EXPENSE>                              7,581,994
<AVERAGE-NET-ASSETS>                       558,227,815
<PER-SHARE-NAV-BEGIN>                            29.06
<PER-SHARE-NII>                                 (0.26)
<PER-SHARE-GAIN-APPREC>                           5.34
<PER-SHARE-DIVIDEND>                            (1.88)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              32.26
<EXPENSE-RATIO>                                   .014


</TABLE>


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