VANGUARD ASSET ALLOCATION FUND INC
NSAR-A, 1995-05-22
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001 A000000 VANGUARD ASSET ALLOCATION FUND, INC.
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022 A000001 THE VANGUARD GROUP, INC./POOLED CASH ACCT.
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022 A000002 LEHMAN BROTHERS INC.
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SIGNATURE   GARY P. SOURA                                
TITLE                           
 


<TABLE> <S> <C>

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<CIK> 0000836906
<NAME> VANGUARD ASSET ALLOCATION FUND, INC.
<MULTIPLIER> 1,000
<CURRENCY> US
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             OCT-01-1994
<PERIOD-END>                               MAR-31-1995
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                          1115051
<INVESTMENTS-AT-VALUE>                         1213258
<RECEIVABLES>                                    55239
<ASSETS-OTHER>                                     176
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1268673
<PAYABLE-FOR-SECURITIES>                          1475
<SENIOR-LONG-TERM-DEBT>                              0
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       1128417
<SHARES-COMMON-STOCK>                            83454
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</TABLE>


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