<PAGE> PAGE 1
000 A000000 06/30/98
000 C000000 0000869698
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE GOVETT FUNDS, INC.
001 B000000 811-6229
001 C000000 6175578732
002 A000000 73 TREMONT STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02108
002 D020000 3813
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 6
007 C010100 1
007 C020100 GOVETT GLOBAL INCOME FUND
007 C030100 N
007 C010200 2
007 C020200 GOVETT INTERNATIONAL EQUITY FUND
007 C030200 N
007 C010300 3
007 C020300 GOVETT EMERGING MARKETS EQUITY FUND
007 C030300 N
007 C010400 4
007 C010500 5
007 C020500 GOVETT SMALLER COMPANIES FUND
007 C030500 N
007 C010600 6
007 C010700 7
007 C020700 GOVETT ASIA FUND
007 C030700 N
007 C010800 8
007 C020800 GOVETT LATIN AMERICA FUND
007 C030800 N
007 C010900 9
007 C011000 10
008 A00AA01 AIB GOVETT, INC.
008 B00AA01 A
008 C00AA01 801-54821
008 D01AA01 SAN FRANCISCO
008 D02AA01 CA
008 D03AA01 94104
<PAGE> PAGE 2
008 A00AA02 AIB GOVETT ASSET MANAGEMENT LIMITED
008 B00AA02 S
008 C00AA02 801-34730
008 D01AA02 LONDON
008 D05AA02 ENGLAND
008 D06AA02 SE12HR
010 A00AA01 CHASE GLOBAL FUNDS SERVICES COMPANY
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02108
010 A00AA02 DELETE
011 A00AA01 FPS BROKER SERVICES, INC.
011 B00AA01 8-00000000
011 C01AA01 KING OF PRUSSIA
011 C02AA01 PA
011 C03AA01 19406
011 C04AA01 0903
012 A00AA01 FIRST DATA INVESTORS SERVICES GROUP
012 B00AA01 85-0000000
012 C01AA01 KING OF PRUSSIA
012 C02AA01 PA
012 C03AA01 19406
012 C04AA01 0903
013 A00AA01 PRICEWATERHOUSECOOPERS
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 GOODBODY &CO.
014 B00AA01 8-00000000
014 A00AA02 WBKWIELKOPOLSKI BANK KREDEGOWY
014 B00AA02 8-00000000
014 A00AA03 HOPPER SOLIDAY & CO., INC.
014 B00AA03 8-00000000
014 A00AA04 FIRST NATIONAL BANK OF MARYLAND
014 B00AA04 8-00000000
014 A00AA05 DELETE
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 9
019 C00AA00 GOVETTFUND
020 A000001 WARBURG (S.G.) & CO., INC.
020 B000001 13-3340045
020 C000001 30
020 A000002 PRUDENTIAL-BACHE SECURITIES, INC.
020 B000002 22-2347336
020 C000002 21
020 A000003 WILLIAM O'NEIL
020 C000003 19
020 A000004 SMITH BARNEY, HARRIS UPHAM & CO., INC.
020 B000004 13-1912900
020 C000004 18
<PAGE> PAGE 3
020 A000005 PAINE WEBBER, INC.
020 B000005 13-2638166
020 C000005 17
020 A000006 BARING SECURITIES, INC.
020 B000006 04-2455153
020 C000006 17
020 A000007 MERRILL LYNCH AND CO., INC.
020 B000007 13-5674085
020 C000007 14
020 A000008 ROBERT FLEMING CO.
020 C000008 13
020 A000009 RAYMOND JAMES & ASSOCIATES, INC.
020 B000009 59-1237041
020 C000009 11
020 A000010 CROSBY SECURITIES, LTD.
020 C000010 9
021 000000 329
022 A000001 CHASE MANHATTAN BANK
022 B000001 13-2633612
022 C000001 142091
022 D000001 7431
022 A000002 HAMBRECHT & QUIST, INC.
022 B000002 94-2856935
022 C000002 1461
022 D000002 6980
022 A000003 ROBINSON-HUMPHREY CO., INC.
022 B000003 58-1472560
022 C000003 0
022 D000003 6364
022 A000004 WESSELS, ARNOLD & HENDERSON
022 B000004 41-1554568
022 C000004 1651
022 D000004 4035
022 A000005 MONTGOMERY SECURITIES
022 B000005 94-1701676
022 C000005 0
022 D000005 5005
022 A000006 SMITH BARNEY, HARRIS, UPHAM & CO., INC.
022 B000006 13-1912900
022 C000006 3649
022 D000006 856
022 A000007 COWEN AND CO.
022 C000007 671
022 D000007 2814
022 A000008 PRUDENTIAL-BACHE SECURITIES, INC.
022 B000008 22-2347336
022 C000008 1148
022 D000008 1685
022 A000009 JEFFERIES & CO., INC.
022 B000009 95-2622920
022 C000009 918
<PAGE> PAGE 4
022 D000009 1750
022 A000010 BROWN (ALEX) & SONS
022 B000010 52-0256630
022 C000010 1003
022 D000010 1453
023 C000000 160107
023 D000000 50076
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 Y
040 00AA00 Y
041 00AA00 Y
042 A00AA00 0
042 B00AA00 0
042 C00AA00 100
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 303
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
<PAGE> PAGE 5
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
015 A000101 THE CHASE MANHATTAN BANK
015 B000101 C
015 C010101 NEW YORK
015 C020101 NY
<PAGE> PAGE 6
015 C030101 11245
015 E040101 X
028 A010100 28
028 A020100 0
028 A030100 0
028 A040100 281
028 B010100 1
028 B020100 23
028 B030100 0
028 B040100 557
028 C010100 13
028 C020100 21
028 C030100 0
028 C040100 478
028 D010100 1
028 D020100 21
028 D030100 0
028 D040100 646
028 E010100 11
028 E020100 20
028 E030100 0
028 E040100 338
028 F010100 9
028 F020100 38
028 F030100 0
028 F040100 366
028 G010100 63
028 G020100 123
028 G030100 0
028 G040100 2666
028 H000100 12
029 000100 Y
030 A000100 1
030 B000100 4.95
030 C000100 0.00
031 A000100 0
031 B000100 0
032 000100 1
033 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.750
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
<PAGE> PAGE 7
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
055 A000100 N
055 B000100 Y
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 N
060 B000100 N
061 000100 5000
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 34.0
062 N000100 0.0
062 O000100 0.0
062 P000100 12.7
062 Q000100 53.4
062 R000100 0.0
063 A000100 0
063 B000100 9.6
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 Y
069 000100 N
070 A010100 Y
<PAGE> PAGE 8
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 Y
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 576
071 B000100 2966
071 C000100 9145
071 D000100 6
072 A000100 6
072 B000100 288
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 34
072 G000100 16
072 H000100 0
072 I000100 17
072 J000100 2
072 K000100 0
072 L000100 0
<PAGE> PAGE 9
072 M000100 12
072 N000100 9
072 O000100 0
072 P000100 5
072 Q000100 0
072 R000100 12
072 S000100 10
072 T000100 16
072 U000100 0
072 V000100 0
072 W000100 12
072 X000100 145
072 Y000100 60
072 Z000100 203
072AA000100 0
072BB000100 235
072CC010100 318
072CC020100 0
072DD010100 212
072DD020100 0
072EE000100 0
073 A010100 0.1800
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 0
074 D000100 7880
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 159
074 M000100 4
074 N000100 8043
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 172
074 S000100 0
074 T000100 7871
074 U010100 1001
074 U020100 0
074 V010100 7.86
<PAGE> PAGE 10
074 V020100 0.00
074 W000100 0.0000
074 X000100 868
074 Y000100 0
075 A000100 0
075 B000100 9170
076 000100 0.00
015 A000201 THE CHASE MANHATTAN BANK
015 B000201 C
015 C010201 NEW YORK
015 C020201 NY
015 C030201 11245
015 E040201 X
028 A010200 49
028 A020200 0
028 A030200 0
028 A040200 491
028 B010200 27
028 B020200 0
028 B030200 0
028 B040200 635
028 C010200 202
028 C020200 0
028 C030200 0
028 C040200 602
028 D010200 150
028 D020200 316
028 D030200 0
028 D040200 407
028 E010200 402
028 E020200 0
028 E030200 0
028 E040200 856
028 F010200 129
028 F020200 0
028 F030200 0
028 F040200 621
028 G010200 959
028 G020200 316
028 G030200 0
028 G040200 3612
028 H000200 66
029 000200 Y
030 A000200 11
030 B000200 4.95
030 C000200 0.00
031 A000200 0
031 B000200 0
032 000200 11
033 000200 0
045 000200 Y
<PAGE> PAGE 11
046 000200 N
047 000200 Y
048 000200 1.000
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
055 A000200 N
055 B000200 N
056 000200 Y
057 000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 5000
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
<PAGE> PAGE 12
062 R000200 0.0
063 A000200 0
063 B000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 Y
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 Y
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 4836
<PAGE> PAGE 13
071 B000200 7467
071 C000200 13291
071 D000200 36
072 A000200 6
072 B000200 3
072 C000200 143
072 D000200 0
072 E000200 0
072 F000200 69
072 G000200 27
072 H000200 0
072 I000200 29
072 J000200 15
072 K000200 0
072 L000200 0
072 M000200 11
072 N000200 8
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 12
072 S000200 10
072 T000200 26
072 U000200 0
072 V000200 0
072 W000200 12
072 X000200 219
072 Y000200 47
072 Z000200 -26
072AA000200 832
072BB000200 0
072CC010200 1289
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 335
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.3000
073 C000200 0.0000
074 A000200 10
074 B000200 0
074 C000200 0
074 D000200 0
074 E000200 296
074 F000200 12569
074 G000200 0
074 H000200 0
074 I000200 1
074 J000200 5
074 K000200 0
<PAGE> PAGE 14
074 L000200 25
074 M000200 599
074 N000200 13505
074 O000200 0
074 P000200 12
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 118
074 S000200 0
074 T000200 13375
074 U010200 1079
074 U020200 0
074 V010200 12.40
074 V020200 0.00
074 W000200 0.0000
074 X000200 1681
074 Y000200 0
075 A000200 0
075 B000200 13909
076 000200 0.00
015 A000301 THE CHASE MANHATTAN BANK
015 B000301 C
015 C010301 NEW YORK
015 C020301 NY
015 C030301 10036
015 E040301 X
028 A010300 380
028 A020300 0
028 A030300 0
028 A040300 2298
028 B010300 410
028 B020300 0
028 B030300 0
028 B040300 1025
028 C010300 147
028 C020300 0
028 C030300 0
028 C040300 1769
028 D010300 139
028 D020300 313
028 D030300 0
028 D040300 1775
028 E010300 123
028 E020300 0
028 E030300 0
028 E040300 1788
028 F010300 158
028 F020300 0
028 F030300 0
<PAGE> PAGE 15
028 F040300 1089
028 G010300 1357
028 G020300 313
028 G030300 0
028 G040300 9744
028 H000300 1170
029 000300 Y
030 A000300 15
030 B000300 4.95
030 C000300 0.00
031 A000300 0
031 B000300 0
032 000300 14
033 000300 1
045 000300 Y
046 000300 N
047 000300 Y
048 000300 1.000
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
055 A000300 N
055 B000300 Y
056 000300 Y
057 000300 N
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 5000
062 A000300 N
062 B000300 0.0
<PAGE> PAGE 16
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 Y
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 Y
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 Y
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
<PAGE> PAGE 17
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 Y
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 15221
071 B000300 24974
071 C000300 26089
071 D000300 58
072 A000300 6
072 B000300 10
072 C000300 358
072 D000300 0
072 E000300 0
072 F000300 134
072 G000300 48
072 H000300 0
072 I000300 87
072 J000300 104
072 K000300 0
072 L000300 0
072 M000300 11
072 N000300 12
072 O000300 0
072 P000300 7
072 Q000300 0
072 R000300 12
072 S000300 10
072 T000300 51
072 U000300 0
072 V000300 0
072 W000300 23
072 X000300 499
072 Y000300 158
072 Z000300 27
072AA000300 0
072BB000300 2783
072CC010300 0
072CC020300 2317
072DD010300 338
072DD020300 0
072EE000300 0
<PAGE> PAGE 18
073 A010300 0.1500
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 362
074 B000300 0
074 C000300 0
074 D000300 0
074 E000300 1128
074 F000300 16379
074 G000300 0
074 H000300 0
074 I000300 5
074 J000300 443
074 K000300 21
074 L000300 184
074 M000300 1061
074 N000300 19583
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 169
074 S000300 0
074 T000300 19414
074 U010300 1989
074 U020300 0
074 V010300 9.76
074 V020300 0.00
074 W000300 0.0000
074 X000300 5148
074 Y000300 0
075 A000300 0
075 B000300 26952
076 000300 0.00
015 A000501 THE CHASE MANHATTAN BANK
015 B000501 C
015 C010501 NEW YORK
015 C020501 NY
015 C030501 10036
015 E010501 X
028 A010500 9145
028 A020500 0
028 A030500 0
028 A040500 19773
028 B010500 9292
028 B020500 0
028 B030500 0
028 B040500 14727
<PAGE> PAGE 19
028 C010500 10214
028 C020500 0
028 C030500 0
028 C040500 20261
028 D010500 8104
028 D020500 0
028 D030500 0
028 D040500 13208
028 E010500 6009
028 E020500 0
028 E030500 0
028 E040500 13030
028 F010500 6118
028 F020500 0
028 F030500 0
028 F040500 11313
028 G010500 48882
028 G020500 0
028 G030500 0
028 G040500 92312
028 H000500 47863
029 000500 Y
030 A000500 84
030 B000500 4.95
030 C000500 0.00
031 A000500 0
031 B000500 0
032 000500 78
033 000500 6
045 000500 Y
046 000500 N
047 000500 Y
048 000500 1.000
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
<PAGE> PAGE 20
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
055 A000500 N
055 B000500 Y
056 000500 Y
057 000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 5000
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 0.0
066 A000500 Y
066 B000500 N
066 C000500 Y
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
<PAGE> PAGE 21
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 Y
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 31494
071 B000500 62739
071 C000500 105431
071 D000500 30
072 A000500 6
072 B000500 47
072 C000500 78
072 D000500 0
072 E000500 0
072 F000500 528
072 G000500 168
072 H000500 0
072 I000500 409
072 J000500 17
072 K000500 0
072 L000500 0
072 M000500 11
072 N000500 27
072 O000500 0
072 P000500 28
072 Q000500 0
072 R000500 12
<PAGE> PAGE 22
072 S000500 10
072 T000500 200
072 U000500 0
072 V000500 0
072 W000500 63
072 X000500 1473
072 Y000500 419
072 Z000500 -929
072AA000500 0
072BB000500 4653
072CC010500 8764
072CC020500 0
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 0
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 88520
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 1921
074 K000500 0
074 L000500 8
074 M000500 3
074 N000500 90452
074 O000500 0
074 P000500 47
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 2729
074 S000500 0
074 T000500 87676
074 U010500 4501
074 U020500 0
074 V010500 19.48
074 V020500 0.00
074 W000500 0.0000
074 X000500 24307
074 Y000500 0
075 A000500 0
075 B000500 106170
<PAGE> PAGE 23
076 000500 0.00
015 A000701 THE CHASE MANHATTAN BANK
015 B000701 C
015 C010701 NEW YORK
015 C020701 NY
015 C030701 10036
015 E040701 X
028 A010700 21
028 A020700 0
028 A030700 0
028 A040700 25
028 B010700 45
028 B020700 0
028 B030700 0
028 B040700 60
028 C010700 26
028 C020700 0
028 C030700 0
028 C040700 50
028 D010700 10
028 D020700 0
028 D030700 0
028 D040700 49
028 E010700 16
028 E020700 0
028 E030700 0
028 E040700 79
028 F010700 13
028 F020700 0
028 F030700 0
028 F040700 43
028 G010700 131
028 G020700 0
028 G030700 0
028 G040700 306
028 H000700 71
029 000700 Y
030 A000700 1
030 B000700 4.95
030 C000700 0.00
031 A000700 0
031 B000700 0
032 000700 1
033 000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 1.000
048 A010700 0
048 A020700 0.000
048 B010700 0
<PAGE> PAGE 24
048 B020700 0.000
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 0
048 K020700 0.000
055 A000700 N
055 B000700 Y
056 000700 Y
057 000700 N
058 A000700 N
059 000700 Y
060 A000700 Y
060 B000700 Y
061 000700 5000
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
063 B000700 0.0
066 A000700 Y
066 B000700 N
066 C000700 Y
<PAGE> PAGE 25
066 D000700 N
066 E000700 N
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 Y
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 Y
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 Y
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 1587
071 B000700 1904
071 C000700 1204
071 D000700 132
072 A000700 6
072 B000700 1
072 C000700 10
<PAGE> PAGE 26
072 D000700 0
072 E000700 0
072 F000700 7
072 G000700 6
072 H000700 0
072 I000700 10
072 J000700 28
072 K000700 0
072 L000700 0
072 M000700 12
072 N000700 8
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 12
072 S000700 10
072 T000700 3
072 U000700 3
072 V000700 0
072 W000700 7
072 X000700 106
072 Y000700 90
072 Z000700 -5
072AA000700 0
072BB000700 577
072CC010700 234
072CC020700 0
072DD010700 0
072DD020700 0
072EE000700 0
073 A010700 0.0000
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 73
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 1
074 F000700 757
074 G000700 0
074 H000700 0
074 I000700 1
074 J000700 81
074 K000700 44
074 L000700 3
074 M000700 88
074 N000700 1048
074 O000700 42
074 P000700 0
074 Q000700 0
<PAGE> PAGE 27
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 57
074 S000700 0
074 T000700 949
074 U010700 215
074 U020700 0
074 V010700 4.41
074 V020700 0.00
074 W000700 0.0000
074 X000700 490
074 Y000700 0
075 A000700 0
075 B000700 1298
076 000700 0.00
015 A000801 THE CHASE MANHATTAN BANK
015 B000801 C
015 C010801 NEW YORK
015 C020801 NY
015 C030801 10036
015 E040801 X
028 A010800 91
028 A020800 0
028 A030800 0
028 A040800 225
028 B010800 12
028 B020800 0
028 B030800 0
028 B040800 114
028 C010800 18
028 C020800 0
028 C030800 0
028 C040800 265
028 D010800 22
028 D020800 0
028 D030800 0
028 D040800 202
028 E010800 23
028 E020800 0
028 E030800 0
028 E040800 199
028 F010800 9
028 F020800 0
028 F030800 0
028 F040800 285
028 G010800 175
028 G020800 0
028 G030800 0
028 G040800 1290
028 H000800 66
<PAGE> PAGE 28
029 000800 Y
030 A000800 2
030 B000800 4.95
030 C000800 0.00
031 A000800 0
031 B000800 0
032 000800 2
033 000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 1.000
048 A010800 0
048 A020800 0.000
048 B010800 0
048 B020800 0.000
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 0
048 K020800 0.000
055 A000800 N
055 B000800 Y
056 000800 Y
057 000800 N
058 A000800 N
059 000800 Y
060 A000800 N
060 B000800 N
061 000800 5000
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
<PAGE> PAGE 29
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 0
063 B000800 0.0
066 A000800 Y
066 B000800 N
066 C000800 Y
066 D000800 N
066 E000800 N
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
068 B000800 Y
069 000800 N
070 A010800 Y
070 A020800 N
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 Y
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 Y
070 N010800 Y
070 N020800 N
<PAGE> PAGE 30
070 O010800 Y
070 O020800 Y
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 1828
071 B000800 2889
071 C000800 4155
071 D000800 44
072 A000800 6
072 B000800 2
072 C000800 82
072 D000800 0
072 E000800 0
072 F000800 21
072 G000800 10
072 H000800 0
072 I000800 13
072 J000800 15
072 K000800 0
072 L000800 0
072 M000800 11
072 N000800 8
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 12
072 S000800 10
072 T000800 8
072 U000800 3
072 V000800 0
072 W000800 8
072 X000800 119
072 Y000800 66
072 Z000800 31
072AA000800 0
072BB000800 211
072CC010800 0
072CC020800 863
072DD010800 0
072DD020800 0
072EE000800 0
073 A010800 0.0000
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 80
074 B000800 0
<PAGE> PAGE 31
074 C000800 0
074 D000800 0
074 E000800 430
074 F000800 2380
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 158
074 K000800 24
074 L000800 33
074 M000800 9
074 N000800 3114
074 O000800 32
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 102
074 S000800 0
074 T000800 2980
074 U010800 406
074 U020800 0
074 V010800 7.35
074 V020800 0.00
074 W000800 0.0000
074 X000800 736
074 Y000800 0
075 A000800 0
075 B000800 4203
076 000800 0.00
SIGNATURE COLIN KREIDEWOLF
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000869698
<NAME> THE GOVETT FUNDS, INC.
<SERIES>
<NUMBER> 07
<NAME> GOVETT ASIA FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 897,165
<INVESTMENTS-AT-VALUE> 758,992
<RECEIVABLES> 127,664
<ASSETS-OTHER> 3,087
<OTHER-ITEMS-ASSETS> 158,129
<TOTAL-ASSETS> 1,047,872
<PAYABLE-FOR-SECURITIES> 42,177
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 56,425
<TOTAL-LIABILITIES> 98,602
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,012,073
<SHARES-COMMON-STOCK> 215,341
<SHARES-COMMON-PRIOR> 247,853
<ACCUMULATED-NII-CURRENT> (24,209)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,902,250)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (136,344)
<NET-ASSETS> 949,270
<DIVIDEND-INCOME> 9,760
<INTEREST-INCOME> 1,454
<OTHER-INCOME> 0
<EXPENSES-NET> (16,118)
<NET-INVESTMENT-INCOME> (4,904)
<REALIZED-GAINS-CURRENT> (577,529)
<APPREC-INCREASE-CURRENT> 234,398
<NET-CHANGE-FROM-OPS> (348,035)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 23,830
<NUMBER-OF-SHARES-REDEEMED> (56,342)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (523,209)
<ACCUMULATED-NII-PRIOR> (19,305)
<ACCUMULATED-GAINS-PRIOR> (2,324,721)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,450
<INTEREST-EXPENSE> 24
<GROSS-EXPENSE> 105,572
<AVERAGE-NET-ASSETS> 1,298,284
<PER-SHARE-NAV-BEGIN> 5.94
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> (1.50)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 4.41
<EXPENSE-RATIO> 2.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000869698
<NAME> THE GOVETT FUNDS, INC.
<SERIES>
<NUMBER> 03
<NAME> GOVETT EMERGING MARKETS EQUITY FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 19,687,870
<INVESTMENTS-AT-VALUE> 17,512,256
<RECEIVABLES> 647,505
<ASSETS-OTHER> 3,087
<OTHER-ITEMS-ASSETS> 1,419,876
<TOTAL-ASSETS> 19,582,724
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 168,582
<TOTAL-LIABILITIES> 168,582
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 30,595,391
<SHARES-COMMON-STOCK> 1,989,192
<SHARES-COMMON-PRIOR> 2,688,385
<ACCUMULATED-NII-CURRENT> (57,500)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8,873,688)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,250,061)
<NET-ASSETS> 19,414,142
<DIVIDEND-INCOME> 358,595
<INTEREST-INCOME> 9,594
<OTHER-INCOME> 0
<EXPENSES-NET> (341,356)
<NET-INVESTMENT-INCOME> 26,833
<REALIZED-GAINS-CURRENT> (2,782,992)
<APPREC-INCREASE-CURRENT> (2,317,117)
<NET-CHANGE-FROM-OPS> (5,073,276)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (337,867)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 119,257
<NUMBER-OF-SHARES-REDEEMED> (843,515)
<SHARES-REINVESTED> 25,065
<NET-CHANGE-IN-ASSETS> (13,484,848)
<ACCUMULATED-NII-PRIOR> 253,534
<ACCUMULATED-GAINS-PRIOR> (6,090,696)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 134,118
<INTEREST-EXPENSE> 7,238
<GROSS-EXPENSE> 499,115
<AVERAGE-NET-ASSETS> 26,951,961
<PER-SHARE-NAV-BEGIN> 12.24
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> (2.36)
<PER-SHARE-DIVIDEND> (0.15)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.76
<EXPENSE-RATIO> 2.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000869698
<NAME> THE GOVETT FUNDS, INC.
<SERIES>
<NUMBER> 01
<NAME> GOVETT GLOBAL INCOME FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 7,725,838
<INVESTMENTS-AT-VALUE> 7,880,317
<RECEIVABLES> 159,240
<ASSETS-OTHER> 3,087
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,042,644
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 12,175
<OTHER-ITEMS-LIABILITIES> 159,831
<TOTAL-LIABILITIES> 172,006
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,622,744
<SHARES-COMMON-STOCK> 1,000,824
<SHARES-COMMON-PRIOR> 1,314,632
<ACCUMULATED-NII-CURRENT> (78,276)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,794,054)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 120,224
<NET-ASSETS> 7,870,638
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 287,676
<OTHER-INCOME> 0
<EXPENSES-NET> (84,819)
<NET-INVESTMENT-INCOME> 202,857
<REALIZED-GAINS-CURRENT> (235,386)
<APPREC-INCREASE-CURRENT> 318,419
<NET-CHANGE-FROM-OPS> 285,890
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (212,267)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,961
<NUMBER-OF-SHARES-REDEEMED> (337,415)
<SHARES-REINVESTED> 15,646
<NET-CHANGE-IN-ASSETS> (2,406,006)
<ACCUMULATED-NII-PRIOR> (68,866)
<ACCUMULATED-GAINS-PRIOR> (4,558,668)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 34,170
<INTEREST-EXPENSE> 5,239
<GROSS-EXPENSE> 144,973
<AVERAGE-NET-ASSETS> 9,169,977
<PER-SHARE-NAV-BEGIN> 7.82
<PER-SHARE-NII> 0.15
<PER-SHARE-GAIN-APPREC> 0.07
<PER-SHARE-DIVIDEND> (0.18)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.86
<EXPENSE-RATIO> 1.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000869698
<NAME> THE GOVETT FUNDS, INC.
<SERIES>
<NUMBER> 02
<NAME> GOVETT INTERNATIONAL EQUITY FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 8,938,937
<INVESTMENTS-AT-VALUE> 12,866,146
<RECEIVABLES> 30,465
<ASSETS-OTHER> 3,343
<OTHER-ITEMS-ASSETS> 604,872
<TOTAL-ASSETS> 13,504,826
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 129,682
<TOTAL-LIABILITIES> 129,682
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,707,880
<SHARES-COMMON-STOCK> 1,078,928
<SHARES-COMMON-PRIOR> 1,279,859
<ACCUMULATED-NII-CURRENT> (83,337)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 831,744
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,918,857
<NET-ASSETS> 13,375,144
<DIVIDEND-INCOME> 143,404
<INTEREST-INCOME> 2,928
<OTHER-INCOME> 0
<EXPENSES-NET> (172,435)
<NET-INVESTMENT-INCOME> (26,103)
<REALIZED-GAINS-CURRENT> 831,741
<APPREC-INCREASE-CURRENT> 1,289,472
<NET-CHANGE-FROM-OPS> 2,095,110
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (335,006)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 78,344
<NUMBER-OF-SHARES-REDEEMED> (304,859)
<SHARES-REINVESTED> 25,584
<NET-CHANGE-IN-ASSETS> (577,203)
<ACCUMULATED-NII-PRIOR> (57,234)
<ACCUMULATED-GAINS-PRIOR> 335,009
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 68,959
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 219,321
<AVERAGE-NET-ASSETS> 13,909,209
<PER-SHARE-NAV-BEGIN> 10.90
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 1.83
<PER-SHARE-DIVIDEND> (0.30)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.40
<EXPENSE-RATIO> 2.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000869698
<NAME> THE GOVETT FUNDS, INC.
<SERIES>
<NUMBER> 08
<NAME> GOVETT LATIN AMERICA FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 3,363,919
<INVESTMENTS-AT-VALUE> 2,810,495
<RECEIVABLES> 214,888
<ASSETS-OTHER> 3,116
<OTHER-ITEMS-ASSETS> 85,187
<TOTAL-ASSETS> 3,113,686
<PAYABLE-FOR-SECURITIES> 32,249
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 101,379
<TOTAL-LIABILITIES> 133,628
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,722,333
<SHARES-COMMON-STOCK> 405,647
<SHARES-COMMON-PRIOR> 536,719
<ACCUMULATED-NII-CURRENT> 31,317
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,221,687)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (551,905)
<NET-ASSETS> 2,980,058
<DIVIDEND-INCOME> 81,909
<INTEREST-INCOME> 1,816
<OTHER-INCOME> 0
<EXPENSES-NET> (52,408)
<NET-INVESTMENT-INCOME> 31,317
<REALIZED-GAINS-CURRENT> (210,945)
<APPREC-INCREASE-CURRENT> (863,461)
<NET-CHANGE-FROM-OPS> (1,043,059)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 20,345
<NUMBER-OF-SHARES-REDEEMED> (151,417)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (2,157,524)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,010,742)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 20,875
<INTEREST-EXPENSE> 297
<GROSS-EXPENSE> 119,116
<AVERAGE-NET-ASSETS> 4,203,278
<PER-SHARE-NAV-BEGIN> 9.57
<PER-SHARE-NII> 0.08
<PER-SHARE-GAIN-APPREC> (2.30)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.35
<EXPENSE-RATIO> 2.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000869698
<NAME> THE GOVETT FUNDS, INC.
<SERIES>
<NUMBER> 05
<NAME> GOVETT SMALLER COMPANIES FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 84,812,467
<INVESTMENTS-AT-VALUE> 88,520,102
<RECEIVABLES> 1,928,932
<ASSETS-OTHER> 3,087
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 90,452,121
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,775,659
<TOTAL-LIABILITIES> 2,775,659
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 110,798,906
<SHARES-COMMON-STOCK> 4,500,825
<SHARES-COMMON-PRIOR> 6,701,087
<ACCUMULATED-NII-CURRENT> (929,517)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (25,900,562)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,707,635
<NET-ASSETS> 87,676,462
<DIVIDEND-INCOME> 77,588
<INTEREST-INCOME> 47,077
<OTHER-INCOME> 0
<EXPENSES-NET> (1,054,182)
<NET-INVESTMENT-INCOME> (929,517)
<REALIZED-GAINS-CURRENT> (4,652,779)
<APPREC-INCREASE-CURRENT> 8,764,056
<NET-CHANGE-FROM-OPS> 3,181,760
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,510,566
<NUMBER-OF-SHARES-REDEEMED> (4,710,828)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (40,248,606)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (21,247,783)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 528,197
<INTEREST-EXPENSE> 27,524
<GROSS-EXPENSE> 1,473,271
<AVERAGE-NET-ASSETS> 106,169,568
<PER-SHARE-NAV-BEGIN> 19.09
<PER-SHARE-NII> (0.21)
<PER-SHARE-GAIN-APPREC> 0.60
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.48
<EXPENSE-RATIO> 1.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
