<PAGE> PAGE 1
000 A000000 06/30/99
000 C000000 0000885980
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 YACKTMAN FUNDS, INC.
001 B000000 811-6628
001 C000000 3122011200
002 A000000 303 WEST MADISON STREET
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60606
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 THE YACKTMAN FUND
007 C030100 N
007 C010200 2
007 C020200 THE YACKTMAN FOCUSED FUND
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 YACKTMAN ASSET MANAGEMENT CO.
008 B00AA01 A
008 C00AA01 801-41058
008 D01AA01 CHICAGO
008 D02AA01 IL
008 D03AA01 60606
010 A00AA01 SUNSTONE FINANCIAL GROUP, INC.
010 B00AA01 84-5792
010 C01AA01 MILWAUKEE
010 C02AA01 WI
010 C03AA01 53202
012 A00AA01 FIRSTAR MUTUAL FUND SERVICES, LLC
012 B00AA01 85-00410
012 C01AA01 MILWAUKEE
012 C02AA01 WI
<PAGE> PAGE 2
012 C03AA01 53202
013 A00AA01 PRICEWATERHOUSECOOPERS LLC
013 B01AA01 MILWAUKEE
013 B02AA01 WI
013 B03AA01 53202
015 A00AA01 FIRSTAR BANK MILWAUKEE
015 B00AA01 C
015 C01AA01 MILWAUKEE
015 C02AA01 WI
015 C03AA01 53202
015 E01AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 JEFFERIES & CO., INC.
020 B000001 95-2622900
020 C000001 78
020 A000002 PRUDENTIAL SECURITIES
020 B000002 22-2347336
020 C000002 34
020 A000003 WEEDEN & CO., LLP
020 B000003 13-3364318
020 C000003 27
020 A000004 STANDARD & POORS
020 B000004 13-3145333
020 C000004 18
020 A000005 CHARLES SCHWAB & CO., INC.
020 B000005 94-1727783
020 C000005 18
020 A000006 FIDELITY CAPITAL
020 B000006 04-2653569
020 C000006 8
020 A000007 GOLDMAN SACHS
020 B000007 13-5108880
020 C000007 4
020 A000008 SALOMON SMITH BARNEY
020 B000008 13-1912900
020 C000008 3
020 A000009 GABELLI & CO., INC.
020 B000009 13-2885006
020 C000009 3
020 A000010 BARRINGTON RESEARCH
020 B000010 36-3241913
020 C000010 1
021 000000 195
022 A000001 FIRSTAR BANK
022 B000001 39-0711710
022 C000001 139117
022 D000001 71066
022 A000002 JEFFERIES & CO., INC.
022 B000002 95-2622900
<PAGE> PAGE 3
022 C000002 0
022 D000002 12475
022 A000003 CLEARY, GULL, REILAND & MCDEVITT INC.
022 B000003 04-3414501
022 C000003 0
022 D000003 4957
022 A000004 WEEDEN & CO., LLP
022 B000004 13-3364318
022 C000004 0
022 D000004 654
022 A000005 YAMAICI INTERNATIONAL
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022 D000008 0
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<PAGE> PAGE 4
033 00AA00 0
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054 L00AA00 N
054 M00AA00 Y
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054 O00AA00 N
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057 00AA00 N
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<PAGE> PAGE 5
068 A00AA00 N
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080 A00AA00 NATIONAL UNION FIRE INSURANCE COMPANY
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
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<PAGE> PAGE 8
070 N010100 Y
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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SIGNATURE JON KIEKHOFER
TITLE ADMINISTRATOR
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000885980
<NAME> THE YACKTMAN FUNDS, INC.
<SERIES>
<NUMBER> 1
<NAME> THE YACKTMAN FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 162,685,958
<INVESTMENTS-AT-VALUE> 189,622,750
<RECEIVABLES> 3,663,773
<ASSETS-OTHER> 53,973
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 193,340,496
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,562,938
<TOTAL-LIABILITIES> 1,562,938
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<PAID-IN-CAPITAL-COMMON> 154,534,747
<SHARES-COMMON-STOCK> 17,020,636
<SHARES-COMMON-PRIOR> 26,489,936
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 10,306,019
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 191,777,558
<DIVIDEND-INCOME> 1,529,623
<INTEREST-INCOME> 100,862
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<EXPENSES-NET> 706,228
<NET-INVESTMENT-INCOME> 927,926
<REALIZED-GAINS-CURRENT> 9,496,140
<APPREC-INCREASE-CURRENT> (19,663,029)
<NET-CHANGE-FROM-OPS> (9,238,963)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (930,578)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,263,985
<NUMBER-OF-SHARES-REDEEMED> (12,771,728)
<SHARES-REINVESTED> 38,443
<NET-CHANGE-IN-ASSETS> (115,652,782)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 809,879
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 748,590
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 731,277
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<EXPENSE-RATIO> 0.61
[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
<CIK> 0000885980
<NAME> THE YACKTMAN FUNDS, INC.
<SERIES>
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<NAME> THE YACKTMAN FOCUSED FUND
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<PERIOD-END> JUN-30-1999
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<INVESTMENTS-AT-VALUE> 15,810,165
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<ACCUM-APPREC-OR-DEPREC> (605,924)
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<NET-INVESTMENT-INCOME> 71,721
<REALIZED-GAINS-CURRENT> (1,230,722)
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<SHARES-REINVESTED> 5,029
<NET-CHANGE-IN-ASSETS> (11,443,768)
<ACCUMULATED-NII-PRIOR> 4,341
<ACCUMULATED-GAINS-PRIOR> (702,540)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 102,193
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 94,685
<AVERAGE-NET-ASSETS> 20,862,854
<PER-SHARE-NAV-BEGIN> 11.62
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> (0.93)
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> 0
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</TABLE>
Exhibit to Accompany
Item 77J (b)
Form N-SAR
The Yacktman Funds, Inc.
(the Funds)
According to the provisions of Statement of Position
93 - 2 (SOP 93 - 2) Determination, Disclosure and
Financial Statement Presentation of Income, Capital
Gain and Return of Capital Distributions by Investment
Companies, the Funds are required to report the
accumulated net investment income (loss) and
accumulated net capital gain (loss) accounts to
approximate amounts available for future distributions
on a tax basis (or to offset future realized capital
gains). Accordingly, at June 30, 1999
reclassifications were recorded to increase
undistributed net investment income by $2,652 and
$487 and decrease capital stock by $2,652 and
$487 for The Yacktman Fund and The Yacktman
Focused Fund, respectively.
This reclassification has no impact on the net asset
value of the Fund and is designed to present the Funds
capital account on a tax basis.
