PRINCOR BLUE CHIP FUND INC
NSAR-A, 1997-06-13
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<PAGE>      PAGE  1
000 A000000 04/30/97
000 C000000 0000870786
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 PRINCOR BLUE CHIP FUND, INC.
001 B000000 811-06263
001 C000000 5152475476
002 A000000 THE PRINCIPAL FINANCIAL GROUP
002 B000000 DES MOINES
002 C000000 IA
002 D010000 50392
002 D020000 0200
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
020 A000001 LIPPER ANALYTICAL
020 B000001 13-2792478
020 C000001      2
020 A000002 EXECUTION SERVICES INCORPORATED
020 B000002 13-2862329
020 C000002      2
020 A000003 AUTRANET INC.
020 B000003 13-2961507
020 C000003      1
020 A000004 A. G. EDWARDS
020 B000004 43-0895447
020 C000004      1
020 A000005 CHARLES SCHWAB & CO.
020 B000005 94-1727783
020 C000005      1
020 A000006 FOX-PITT, KELTON INC.
020 B000006 06-1058201
020 C000006      1
020 A000007 CREDIT SUISSE FIRST BOSTON CORP
020 B000007 13-5659485
020 C000007      1
020 A000008 PRINCIPAL FINANCIAL SECURITIES INC.
020 B000008 75-0839696
020 C000008      1
020 A000009 INSTINET CO.
020 B000009 13-2596491
020 C000009      1
020 A000010 SALOMON BROTHERS
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020 B000010 13-3082694
020 C000010      1
021  000000       14
022 A000001 ASSOCIATES CORPORATION OF NORTH AMERICA
022 B000001 74-1494554
022 C000001    209261
022 D000001         0
022 A000002 GENERAL ELECTRIC CAPITAL CORP.
022 B000002 13-1500700
022 C000002     31460
022 D000002         0
022 A000003 CHEVRON OIL FINANCE CO.
022 B000003 25-1215010
022 C000003      3267
022 D000003         0
022 A000004 MERRILL LYNCH MONEY MARKET SECURITIES
022 B000004 13-2761776
022 C000004      2572
022 D000004         0
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022 B000005 42-1192999
022 C000005      2462
022 D000005         0
022 A000006 AMERICAN GENERAL FINANCE CORP.
022 B000006 35-0416090
022 C000006      2139
022 D000006         0
022 A000007 AMERICAN EXPRESS CREDIT CORPORATION
022 B000007 11-1988350
022 C000007      2009
022 D000007         0
022 A000008 FORD MOTOR CREDIT CO.
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SIGNATURE   A.S.FILEAN                                   
TITLE       V.P. & SECRETARY    
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                       58,311,165
<INVESTMENTS-AT-VALUE>                      79,056,595
<RECEIVABLES>                                  298,322
<ASSETS-OTHER>                                   1,063
<OTHER-ITEMS-ASSETS>                            89,451
<TOTAL-ASSETS>                              79,445,431
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       68,598
<TOTAL-LIABILITIES>                             68,598
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    58,429,907
<SHARES-COMMON-STOCK>                        3,205,077
<SHARES-COMMON-PRIOR>                        2,595,277
<ACCUMULATED-NII-CURRENT>                       36,647
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        164,849
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    20,745,430
<NET-ASSETS>                                79,376,833
<DIVIDEND-INCOME>                              709,677
<INTEREST-INCOME>                               62,354
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (437,106)
<NET-INVESTMENT-INCOME>                        334,925
<REALIZED-GAINS-CURRENT>                       165,597
<APPREC-INCREASE-CURRENT>                    7,015,666
<NET-CHANGE-FROM-OPS>                        7,516,188
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (308,208)
<DISTRIBUTIONS-OF-GAINS>                   (1,212,178)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        831,424
<NUMBER-OF-SHARES-REDEEMED>                  (302,751)
<SHARES-REINVESTED>                             81,127
<NET-CHANGE-IN-ASSETS>                      26,886,432
<ACCUMULATED-NII-PRIOR>                         38,438
<ACCUMULATED-GAINS-PRIOR>                    1,454,644
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          161,531
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                437,106
<AVERAGE-NET-ASSETS>                        65,348,964
<PER-SHARE-NAV-BEGIN>                            17.10
<PER-SHARE-NII>                                    .10
<PER-SHARE-GAIN-APPREC>                           2.09
<PER-SHARE-DIVIDEND>                             (.10)
<PER-SHARE-DISTRIBUTIONS>                        (.46)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.73
<EXPENSE-RATIO>                                   1.21
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                       58,311,165
<INVESTMENTS-AT-VALUE>                      79,056,595
<RECEIVABLES>                                  298,322
<ASSETS-OTHER>                                   1,063
<OTHER-ITEMS-ASSETS>                            89,451
<TOTAL-ASSETS>                              79,445,431
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       68,598
<TOTAL-LIABILITIES>                             68,598
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    58,429,907
<SHARES-COMMON-STOCK>                          626,609
<SHARES-COMMON-PRIOR>                          383,239
<ACCUMULATED-NII-CURRENT>                       36,647
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        164,849
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    20,745,430
<NET-ASSETS>                                79,376,833
<DIVIDEND-INCOME>                              709,677
<INTEREST-INCOME>                               62,354
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (437,106)
<NET-INVESTMENT-INCOME>                        334,925
<REALIZED-GAINS-CURRENT>                       165,597
<APPREC-INCREASE-CURRENT>                    7,015,666
<NET-CHANGE-FROM-OPS>                        7,516,188
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (11,848)
<DISTRIBUTIONS-OF-GAINS>                     (187,947)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        252,915
<NUMBER-OF-SHARES-REDEEMED>                   (20,655)
<SHARES-REINVESTED>                             11,110
<NET-CHANGE-IN-ASSETS>                      26,886,432
<ACCUMULATED-NII-PRIOR>                         38,438
<ACCUMULATED-GAINS-PRIOR>                    1,454,644
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                          161,531
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                437,106
<AVERAGE-NET-ASSETS>                        65,348,964
<PER-SHARE-NAV-BEGIN>                            17.03
<PER-SHARE-NII>                                    .04
<PER-SHARE-GAIN-APPREC>                           2.05
<PER-SHARE-DIVIDEND>                             (.02)
<PER-SHARE-DISTRIBUTIONS>                        (.46)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.64
<EXPENSE-RATIO>                                   2.02
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                       58,311,165
<INVESTMENTS-AT-VALUE>                      79,056,595
<RECEIVABLES>                                  298,322
<ASSETS-OTHER>                                   1,063
<OTHER-ITEMS-ASSETS>                            89,451
<TOTAL-ASSETS>                              79,445,431
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       68,598
<TOTAL-LIABILITIES>                             68,598
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    58,429,907
<SHARES-COMMON-STOCK>                          411,288
<SHARES-COMMON-PRIOR>                           92,245
<ACCUMULATED-NII-CURRENT>                       36,647
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        164,849
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    20,745,430
<NET-ASSETS>                                79,376,833
<DIVIDEND-INCOME>                              709,677
<INTEREST-INCOME>                               62,354
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (437,106)
<NET-INVESTMENT-INCOME>                        334,925
<REALIZED-GAINS-CURRENT>                       165,597
<APPREC-INCREASE-CURRENT>                    7,015,666
<NET-CHANGE-FROM-OPS>                        7,516,188
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (16,660)
<DISTRIBUTIONS-OF-GAINS>                      (55,267)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        330,581
<NUMBER-OF-SHARES-REDEEMED>                   (15,559)
<SHARES-REINVESTED>                              4,021
<NET-CHANGE-IN-ASSETS>                      26,886,432
<ACCUMULATED-NII-PRIOR>                         38,438
<ACCUMULATED-GAINS-PRIOR>                    1,454,644
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          161,531
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                437,106
<AVERAGE-NET-ASSETS>                        65,348,964
<PER-SHARE-NAV-BEGIN>                            17.08
<PER-SHARE-NII>                                    .08
<PER-SHARE-GAIN-APPREC>                           2.05
<PER-SHARE-DIVIDEND>                             (.07)
<PER-SHARE-DISTRIBUTIONS>                        (.46)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.68
<EXPENSE-RATIO>                                   1.72
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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