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<PAGE> PAGE 2
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<PAGE> PAGE 3
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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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SIGNATURE ROBERT DISCOLO
TITLE CFO & SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
European Warrant Fund, Inc. form N-SAR for the period ended September 30, 1995
and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> SEP-30-1995
<INVESTMENTS-AT-COST> 69,671,834
<INVESTMENTS-AT-VALUE> 71,418,720
<RECEIVABLES> 3,571,387
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<TOTAL-ASSETS> 77,451,139
<PAYABLE-FOR-SECURITIES> 926,482
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,630,295
<TOTAL-LIABILITIES> 2,556,777
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 85,855,428
<SHARES-COMMON-STOCK> 8,153,712
<SHARES-COMMON-PRIOR> 8,153,712
<ACCUMULATED-NII-CURRENT> 0
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<OVERDISTRIBUTION-GAINS> (9,902,058)
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<INTEREST-INCOME> 198,486
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<EXPENSES-NET> 690,412
<NET-INVESTMENT-INCOME> (46,159)
<REALIZED-GAINS-CURRENT> 137,944
<APPREC-INCREASE-CURRENT> 13,372,267
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</TABLE>
