VANGUARD INSTITUTIONAL INDEX FUND
NSAR-A, EX-27, 2000-08-18
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000862084
<NAME> VANGUARD INSTITUTIONAL INDEX FUND
<SERIES>
   <NUMBER> 001
   <NAME> VANGUARD INSTITUTIONAL INDEX FUND - INSTITUTIONAL SHARES
<MULTIPLIER> 1,000
<CURRENCY> US

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               JUN-30-2000
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<INVESTMENTS-AT-VALUE>                        36915672
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<TOTAL-ASSETS>                                37484594
<PAYABLE-FOR-SECURITIES>                        149394
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       344311
<TOTAL-LIABILITIES>                             493705
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      23146609
<SHARES-COMMON-STOCK>                           223138
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<REALIZED-GAINS-CURRENT>                        303285
<APPREC-INCREASE-CURRENT>                     (609014)
<NET-CHANGE-FROM-OPS>                         (107695)
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<NUMBER-OF-SHARES-SOLD>                          40598
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<PER-SHARE-GAIN-APPREC>                         (1.20)
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<EXPENSE-RATIO>                                    .06


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