GOVETT FUNDS INC
NSAR-B, 1999-03-15
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<PAGE>      PAGE  1
000 B000000 12/31/98
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  7
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 Y
007 C010800  8
007 C020800 GOVETT LATIN AMERICA FUND
007 C030800 Y
007 C010900  9
007 C020900 GOVETT INTERNATIONAL SMALLER COMPANIES FUND
007 C030900 N
007 C011000 10
008 A00AA01 AIB GOVETT, INC.
008 B00AA01 A
008 C00AA01 801-54821
008 D01AA01 SAN FRANCISCO
<PAGE>      PAGE  2
008 D02AA01 CA
008 D03AA01 94104
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 FIRST DATA DISTRIBUTORS, INC.
011 B00AA01 8-00000000
011 C01AA01 WESTBOROUGH
011 C02AA01 MA
011 C03AA01 01581
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    7
019 C00AA00 GOVETTFUND
020 A000001 WARBURG (S.G.) & CO., INC.
020 B000001 13-3340045
020 C000001     65
020 A000002 PRUDENTIAL-BACHE SECURITIES, INC.
020 B000002 22-2347336
020 C000002     45
020 A000003 MERRILL LYNCH AND CO., INC.
020 B000003 13-5674085
020 C000003     36
020 A000004 PAINE WEBBER, INC.
<PAGE>      PAGE  3
020 B000004 13-2638166
020 C000004     32
020 A000005 SMITH BARNEY,HARRIS UPHAM & CO., INC.
020 B000005 13-1912900
020 C000005     30
020 A000006 RAYMOND JAMES & ASSOCIATES, INC.
020 B000006 59-1237041
020 C000006     23
020 A000007 BROWN (ALEX.) & SONS
020 B000007 52-0256630
020 C000007     21
020 A000008 CS FIRST BOSTON CORP.
020 B000008 13-5659485
020 C000008     19
020 A000009 WILLIAM O'NEIL
020 C000009     19
020 A000010 BARINGS SECURITIES, INC.
020 B000010 04-2455153
020 C000010     17
021  000000      656
022 A000001 CHASE MANHATTAN BANK
022 B000001 13-2633612
022 C000001    800826
022 D000001     74605
022 A000002 COWEN & CO.
022 C000002      3585
022 D000002      9803
022 A000003 HAMBRECHT & QUIST, INC.
022 B000003 94-2856935
022 C000003      2638
022 D000003      9281
022 A000004 SMITH BARNEY, HARRIS, UPHAM & CO., INC.
022 B000004 13-1912900
022 C000004      4523
022 D000004      5903
022 A000005 WESSELS, ARNOLD & HENDERSON
022 B000005 41-1554568
022 C000005      2980
022 D000005      7265
022 A000006 ROBINSON-HUMPHREY CO., INC.
022 B000006 58-1472560
022 C000006      1707
022 D000006      8160
022 A000007 MONTGOMERY SECURITIES
022 B000007 94-1701676
022 C000007      2679
022 D000007      5195
022 A000008 PRUDENTIAL-BACHE SECURITIES, INC.
022 B000008 22-2347336
022 C000008      2866
022 D000008      3172
<PAGE>      PAGE  4
022 A000009 BROWN (ALEX) & SONS
022 B000009 52-0256630
022 C000009      2239
022 D000009      3480
022 A000010 ROBERTSON STEPHENS
022 C000010      1053
022 D000010      4523
023 C000000     845175
023 D000000     156712
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 Y
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    460
044  00AA00      0
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 Y
<PAGE>      PAGE  5
053 B00AA00 Y
053 C00AA00 N
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 Y
077 C000000 Y
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077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
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077 L000000 N
077 M000000 Y
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 FEDERAL INSURANCE COMPANY
080 C00AA00     2500
081 A00AA00 Y
081 B00AA00   9
082 A00AA00 Y
082 B00AA00       10
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
<PAGE>      PAGE  6
086 B010000      0
086 B020000      0
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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
015 C030101 11245
015 E040101 X
028 A010100         8
028 A020100         0
028 A030100         0
028 A040100       249
028 B010100         7
028 B020100        18
028 B030100         0
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028 F030100         0
028 F040100        68
028 G010100        68
028 G020100        90
028 G030100         0
028 G040100      1126
028 H000100        21
029  000100 Y
030 A000100      1
030 B000100  0.00
030 C000100  0.00
031 A000100      0
031 B000100      0
<PAGE>      PAGE  7
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
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048 E020100 0.000
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048 F020100 0.000
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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 Y
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
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062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100  38.5
062 N000100   0.0
<PAGE>      PAGE  8
062 O000100   0.0
062 P000100  14.4
062 Q000100  41.9
062 R000100   0.0
063 A000100   0
063 B000100 11.1
064 A000100 N
064 B000100 N
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 Y
069  000100 N
070 A010100 Y
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      1843
071 B000100      5595
<PAGE>      PAGE  9
071 C000100      8165
071 D000100   23
072 A000100 12
072 B000100      510
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072 G000100       38
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072 J000100        3
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072 M000100       28
072 N000100       14
072 O000100        0
072 P000100        6
072 Q000100        0
072 R000100       33
072 S000100       30
072 T000100       29
072 U000100        0
072 V000100        0
072 W000100       22
072 X000100      291
072 Y000100      141
072 Z000100      360
072AA000100        0
072BB000100      489
072CC010100      724
072CC020100        0
072DD010100       79
072DD020100        0
072EE000100      276
073 A010100   0.0600
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.2800
074 A000100      216
074 B000100        0
074 C000100        0
074 D000100     6699
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100       15
074 L000100      179
<PAGE>      PAGE  10
074 M000100       16
074 N000100     7125
074 O000100        0
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100       57
074 S000100        0
074 T000100     7068
074 U010100      876
074 U020100        0
074 V010100     8.07
074 V020100     0.00
074 W000100   0.0000
074 X000100      641
074 Y000100        0
075 A000100        0
075 B000100     8231
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      6269
028 A020200         0
028 A030200         0
028 A040200       651
028 B010200       211
028 B020200         0
028 B030200         0
028 B040200       444
028 C010200        42
028 C020200         0
028 C030200         0
028 C040200       246
028 D010200        61
028 D020200         0
028 D030200         0
028 D040200       269
028 E010200        28
028 E020200         0
028 E030200         0
028 E040200       249
028 F010200       160
028 F020200      2170
028 F030200         0
028 F040200       155
<PAGE>      PAGE  11
028 G010200      6771
028 G020200      2170
028 G030200         0
028 G040200      2014
028 H000200       539
029  000200 Y
030 A000200     12
030 B000200  0.00
030 C000200  0.00
031 A000200      0
031 B000200      0
032  000200     12
033  000200      0
045  000200 Y
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 Y
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
<PAGE>      PAGE  12
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
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
<PAGE>      PAGE  13
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     16122
071 B000200     18947
071 C000200     14746
071 D000200  109
072 A000200 12
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072EE000200     2588
073 A010200   0.0000
<PAGE>      PAGE  14
073 A020200   0.0000
073 B000200   3.3100
073 C000200   0.0000
074 A000200      409
074 B000200        0
074 C000200        0
074 D000200        0
074 E000200      292
074 F000200    18246
074 G000200        0
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074 U010200     1094
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074 V010200    11.17
074 V020200    11.19
074 W000200   0.0000
074 X000200     1762
074 Y000200        0
075 A000200        0
075 B000200    19033
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       585
028 A020300         0
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028 A040300      1006
028 B010300        69
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<PAGE>      PAGE  15
028 C020300         0
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032  000300     17
033  000300      4
045  000300 Y
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048  000300  1.000
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048 B020300 0.000
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048 C020300 0.000
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<PAGE>      PAGE  16
048 J020300 0.000
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048 K020300 0.000
055 A000300 Y
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
062 C000300   0.0
062 D000300   0.0
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062 H000300   0.0
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063 A000300   0
063 B000300  0.0
066 A000300 Y
066 B000300 N
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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
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070 B020300 N
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070 C020300 N
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070 D020300 N
<PAGE>      PAGE  17
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
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     24729
071 B000300     36258
071 C000300     20381
071 D000300  121
072 A000300 12
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<PAGE>      PAGE  18
072 T000300       77
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076  000300     0.00
<PAGE>      PAGE  19
015 A000501 THE CHASE MANHATTAN BANK
015 B000501 C
015 C010501 NEW YORK
015 C020501 NY
015 C030501 10036
015 E040501 X
028 A010500      3165
028 A020500         0
028 A030500         0
028 A040500      8773
028 B010500       389
028 B020500         0
028 B030500         0
028 B040500      3351
028 C010500       560
028 C020500         0
028 C030500         0
028 C040500      2450
028 D010500      1653
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028 D030500         0
028 D040500      1590
028 E010500      1150
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028 E030500         0
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028 G010500      7243
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028 G040500     21848
028 H000500      7243
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031 B000500      0
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046  000500 N
047  000500 Y
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048 B020500 0.000
<PAGE>      PAGE  20
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048 D010500        0
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048 E010500        0
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048 H020500 0.000
048 I010500        0
048 I020500 0.000
048 J010500        0
048 J020500 0.000
048 K010500        0
048 K020500 0.000
055 A000500 Y
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
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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
<PAGE>      PAGE  21
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
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
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070 L020500 Y
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070 M020500 Y
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070 N020500 N
070 O010500 Y
070 O020500 Y
070 P010500 Y
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070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
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072 A000500 12
072 B000500      204
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<PAGE>      PAGE  22
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072 I000500      659
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072 S000500       30
072 T000500      308
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072 V000500        0
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072 X000500     2443
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072EE000500        0
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074 E000500        0
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074 O000500     1088
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<PAGE>      PAGE  23
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074 X000500    20295
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075 A000500        0
075 B000500    83822
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         5
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028 A030700         0
028 A040700        47
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<PAGE>      PAGE  24
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055 A000700 Y
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056  000700 Y
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058 A000700 N
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<PAGE>      PAGE  25
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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
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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
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070 L020700 Y
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070 M020700 Y
070 N010700 Y
070 N020700 N
070 O010700 Y
<PAGE>      PAGE  26
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070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
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<PAGE>      PAGE  27
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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
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<PAGE>      PAGE  28
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055 A000800 Y
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056  000800 Y
<PAGE>      PAGE  29
057  000800 N
058 A000800 N
059  000800 Y
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066 B000800 N
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066 D000800 N
066 E000800 N
066 F000800 N
066 G000800 N
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069  000800 N
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070 G020800 N
<PAGE>      PAGE  30
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<PAGE>      PAGE  31
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015 A000901 THE CHASE MANHATTAN BANK
015 B000901 C
015 C010901 NEW YORK
015 C020901 NY
015 C030901 11245
015 E040901 X
<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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SIGNATURE   COLIN KREIDEWOLF                             
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000869698
<NAME> THE GOVETT FUNDS, INC.
<SERIES>
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   <NAME> GOVETT EMERGING MARKETS EQUITY FUND
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<SHARES-REINVESTED>                             25,065
<NET-CHANGE-IN-ASSETS>                    (18,165,237)
<ACCUMULATED-NII-PRIOR>                        253,534
<ACCUMULATED-GAINS-PRIOR>                  (6,090,696)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          209,395
<INTEREST-EXPENSE>                               7,333
<GROSS-EXPENSE>                                855,811
<AVERAGE-NET-ASSETS>                        20,946,704
<PER-SHARE-NAV-BEGIN>                            12.24
<PER-SHARE-NII>                                   0.02
<PER-SHARE-GAIN-APPREC>                         (4.15)
<PER-SHARE-DIVIDEND>                            (0.15)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.96
<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>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                        6,189,946
<INVESTMENTS-AT-VALUE>                       6,698,574
<RECEIVABLES>                                  194,395
<ASSETS-OTHER>                                  16,409
<OTHER-ITEMS-ASSETS>                           216,193
<TOTAL-ASSETS>                               7,125,571
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       57,277
<TOTAL-LIABILITIES>                             57,277
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    11,378,210
<SHARES-COMMON-STOCK>                          876,402
<SHARES-COMMON-PRIOR>                        1,314,632
<ACCUMULATED-NII-CURRENT>                    (149,966)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (4,685,819)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       525,869
<NET-ASSETS>                                 7,068,294
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              510,235
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (150,536)
<NET-INVESTMENT-INCOME>                        359,699
<REALIZED-GAINS-CURRENT>                     (489,249)
<APPREC-INCREASE-CURRENT>                      724,064
<NET-CHANGE-FROM-OPS>                          594,514
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (78,701)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                        (276,101)
<NUMBER-OF-SHARES-SOLD>                         16,469
<NUMBER-OF-SHARES-REDEEMED>                  (481,587)
<SHARES-REINVESTED>                             26,888
<NET-CHANGE-IN-ASSETS>                     (3,208,350)
<ACCUMULATED-NII-PRIOR>                       (68,866)
<ACCUMULATED-GAINS-PRIOR>                  (4,558,668)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           61,731
<INTEREST-EXPENSE>                               6,489
<GROSS-EXPENSE>                                291,772
<AVERAGE-NET-ASSETS>                         8,231,234
<PER-SHARE-NAV-BEGIN>                             7.82
<PER-SHARE-NII>                                   0.32
<PER-SHARE-GAIN-APPREC>                           0.27
<PER-SHARE-DIVIDEND>                            (0.06)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                            (0.28)
<PER-SHARE-NAV-END>                               8.07
<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> 021
   <NAME> GOVETT INTERNATIONAL EQUITY FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                    12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                       15,797,632
<INVESTMENTS-AT-VALUE>                      18,537,648
<RECEIVABLES>                                   63,291
<ASSETS-OTHER>                                  19,868
<OTHER-ITEMS-ASSETS>                           462,450
<TOTAL-ASSETS>                              19,083,257
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      182,660
<TOTAL-LIABILITIES>                            182,660
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    15,621,295
<SHARES-COMMON-STOCK>                        1,094,315
<SHARES-COMMON-PRIOR>                        1,279,859
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        537,691
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,741,611
<NET-ASSETS>                                18,900,597
<DIVIDEND-INCOME>                              231,059
<INTEREST-INCOME>                               38,794
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (362,147)
<NET-INVESTMENT-INCOME>                       (92,294)
<REALIZED-GAINS-CURRENT>                     2,926,017
<APPREC-INCREASE-CURRENT>                      112,226
<NET-CHANGE-FROM-OPS>                        2,945,949
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                   (1,795,430)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        135,936
<NUMBER-OF-SHARES-REDEEMED>                  (471,046)
<SHARES-REINVESTED>                            149,566
<NET-CHANGE-IN-ASSETS>                       4,948,250
<ACCUMULATED-NII-PRIOR>                       (57,234)
<ACCUMULATED-GAINS-PRIOR>                      335,009
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          155,629
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                503,014
<AVERAGE-NET-ASSETS>                        19,033,429
<PER-SHARE-NAV-BEGIN>                            10.90
<PER-SHARE-NII>                                 (0.08)
<PER-SHARE-GAIN-APPREC>                           2.15
<PER-SHARE-DIVIDEND>                            (1.80)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.17
<EXPENSE-RATIO>                                   2.45
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000869698
<NAME> THE GOVETT FUNDS, INC.
<SERIES>
   <NUMBER> 022
   <NAME> GOVETT INTERNATIONAL EQUITY FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JUL-24-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                       15,797,632
<INVESTMENTS-AT-VALUE>                      18,537,648
<RECEIVABLES>                                   63,291
<ASSETS-OTHER>                                  19,868
<OTHER-ITEMS-ASSETS>                           462,450
<TOTAL-ASSETS>                              19,083,257
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      182,660
<TOTAL-LIABILITIES>                            182,660
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    15,621,295
<SHARES-COMMON-STOCK>                          596,836
<SHARES-COMMON-PRIOR>                                0
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<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        537,691
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,741,611
<NET-ASSETS>                                18,900,597
<DIVIDEND-INCOME>                              231,059
<INTEREST-INCOME>                               38,794
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (362,147)
<NET-INVESTMENT-INCOME>                       (92,294)
<REALIZED-GAINS-CURRENT>                     2,926,017
<APPREC-INCREASE-CURRENT>                      112,226
<NET-CHANGE-FROM-OPS>                        2,945,949
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (792,286)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        530,998
<NUMBER-OF-SHARES-REDEEMED>                    (5,054)
<SHARES-REINVESTED>                             70,892
<NET-CHANGE-IN-ASSETS>                       4,948,250
<ACCUMULATED-NII-PRIOR>                       (57,234)
<ACCUMULATED-GAINS-PRIOR>                      335,009
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          155,629
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                503,014
<AVERAGE-NET-ASSETS>                        19,033,429
<PER-SHARE-NAV-BEGIN>                            12.85
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                         (0.13)
<PER-SHARE-DIVIDEND>                            (1.51)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.19
<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> 09
   <NAME> GOVETT INTERNATIONAL SMALLER COMPANIES FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                    OTHER
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
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<OTHER-ITEMS-ASSETS>                           749,982
<TOTAL-ASSETS>                                 749,982
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                           74,998
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
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<OVERDISTRIBUTION-GAINS>                             0
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<DIVIDEND-INCOME>                                    0
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<NET-INVESTMENT-INCOME>                              0
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                              0
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<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                               0
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                      0
<AVERAGE-NET-ASSETS>                           749,982
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.00
<EXPENSE-RATIO>                                      0
<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>                    12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                       52,107,226
<INVESTMENTS-AT-VALUE>                      62,328,100
<RECEIVABLES>                                1,507,518
<ASSETS-OTHER>                                  18,997
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              63,854,615
<PAYABLE-FOR-SECURITIES>                     1,088,533
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,814,255
<TOTAL-LIABILITIES>                          2,902,788
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    94,903,771
<SHARES-COMMON-STOCK>                        3,617,197
<SHARES-COMMON-PRIOR>                        6,701,087
<ACCUMULATED-NII-CURRENT>                     (28,208)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (44,145,154)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    10,221,418
<NET-ASSETS>                                60,951,827
<DIVIDEND-INCOME>                              199,258
<INTEREST-INCOME>                              203,822
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,670,569)
<NET-INVESTMENT-INCOME>                    (1,267,489)
<REALIZED-GAINS-CURRENT>                  (22,950,235)
<APPREC-INCREASE-CURRENT>                   15,277,839
<NET-CHANGE-FROM-OPS>                      (8,939,885)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,955,025
<NUMBER-OF-SHARES-REDEEMED>                (6,038,915)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                    (66,973,241)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                 (21,247,783)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          838,390
<INTEREST-EXPENSE>                              36,100
<GROSS-EXPENSE>                              2,443,019
<AVERAGE-NET-ASSETS>                        83,821,610
<PER-SHARE-NAV-BEGIN>                            19.09
<PER-SHARE-NII>                                 (0.35)
<PER-SHARE-GAIN-APPREC>                         (1.89)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.85
<EXPENSE-RATIO>                                   1.95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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