<PAGE> PAGE 1
000 A000000 03/31/2000
000 C000000 0000826473
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 J000000 U
001 A000000 VANGUARD FENWAY FUNDS
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001 C000000 6106691000
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002 B000000 MALVERN
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004 000000 N
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007 C010700 7
007 C010800 8
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007 C011000 10
010 A00AA01 THE VANGUARD GROUP, INC.
010 B00AA01 801-11953
010 C01AA01 MALVERN
010 C02AA01 PA
010 C03AA01 19355
012 A00AA01 THE VANGUARD GROUP, INC.
012 B00AA01 84-772
012 C01AA01 MALVERN
012 C02AA01 PA
012 C03AA01 19355
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
014 A00AA01 VANGUARD MARKETING CORP.
014 B00AA01 8-21570
018 00AA00 Y
<PAGE> PAGE 2
019 A00AA00 Y
019 B00AA00 103
019 C00AA00 VANGUARDGR
020 A000001 FRANK RUSSELL SECURITIES, INC.
020 B000001 91-0604934
020 C000001 343
020 A000002 ABEL NOSER CORP.
020 B000002 13-2833083
020 C000002 245
020 A000003 MERRILL LYNCH PIERCE FENNER & SMITH INC.
020 B000003 13-5674085
020 C000003 105
020 A000004 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000004 13-2741729
020 C000004 96
020 A000005 LEHMAN BROTHERS INC.
020 B000005 13-2518466
020 C000005 96
020 A000006 MORGAN STANLEY DEAN WITTER & CO.
020 B000006 13-2655998
020 C000006 94
020 A000007 GOLDMAN SACHS & CO.
020 B000007 13-5108880
020 C000007 82
020 A000008 SALOMON SMITH BARNEY INC.
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020 C000008 79
020 A000009 BRIDGE TRADING CO.
020 B000009 43-1450530
020 C000009 66
020 A000010 SANFORD C. BERNSTEIN & CO. INC.
020 B000010 13-2625874
020 C000010 64
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<PAGE> PAGE 3
022 B000005 13-3224016
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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SIGNATURE SUSAN A. TRONEL
TITLE MANAGER
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