PRINCIPAL BALANCED FUND INC
NSAR-A, 1996-08-23
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<PAGE>      PAGE  1
000 A000000 06/30/96
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001 A000000 PRINCIPAL BALANCED FUND, INC.
001 B000000 811-5073
001 C000000 5152475476
002 A000000 THE PRINCIPAL FINANCIAL GROUP
002 B000000 DES MOINES
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015 A000001 BANK OF NEW YORK
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015 C010001 NEW YORK
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015 E010001 X
020 A000001 EXECUTION SERVICES INCORPORATED
020 B000001 13-2862329
020 C000001      4
020 A000002 LIPPER ANALYTICAL
020 B000002 13-2792478
020 C000002      2
020 A000003 CHARLES SCHWAB & CO.
020 B000003 94-1727783
020 C000003      2
020 A000004 EVEREN SECURITIES, INC. (KEMPER)
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020 C000004      1
020 A000005 MORGAN STANLEY & CO.
020 B000005 13-2655998
020 C000005      1
020 A000006 INSTINET CO.
020 B000006 13-2596491
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020 A000007 BEAR STEARNS & CO.
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020 C000007      1
020 A000008 FIRST BOSTON CORP.
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020 C000008      1
020 A000009 SMITH BARNEY SHEARSON
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020 C000009      1
020 A000010 LEGG MASON WOOD WALKER, INC.
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SIGNATURE   ARTHUR S. FILEAN                             
TITLE       V. PRES. & SECRETARY
 


<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
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<PERIOD-END>                               JUN-30-1996
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<SENIOR-EQUITY>                                      0
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</TABLE>


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