<PAGE> PAGE 1
000 A000000 12/31/97
000 C000000 0000889392
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 DOMINION FUNDS, INC.
001 B000000 811-6727
001 C000000 2143859595
002 A000000 5000 QUORUM DRIVE, SUITE 620
002 B000000 DALLAS
002 C000000 TX
002 D010000 75240
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
020 A000001 DOMINION CAPITAL CORPORATION
020 B000001 75-2141596
020 C000001 97
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 97
027 000000 Y
028 A010000 99
028 A020000 0
028 A030000 0
028 A040000 1064
028 B010000 395
028 B020000 0
028 B030000 0
028 B040000 826
028 C010000 124
028 C020000 0
028 C030000 0
028 C040000 733
028 D010000 140
028 D020000 0
028 D030000 0
<PAGE> PAGE 2
028 D040000 1057
028 E010000 147
028 E020000 0
028 E030000 0
028 E040000 149
028 F010000 223
028 F020000 700
028 F030000 0
028 F040000 407
028 G010000 1128
028 G020000 700
028 G030000 0
028 G040000 4236
028 H000000 1828
029 000000 Y
030 A000000 18
030 B000000 3.50
030 C000000 0.00
031 A000000 7
031 B000000 0
032 000000 0
033 000000 11
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 D000000 Y
071 A000000 32045
071 B000000 35183
071 C000000 23658
071 D000000 135
072 A000000 6
072 B000000 12
072 C000000 4
<PAGE> PAGE 3
072 D000000 0
072 E000000 0
072 F000000 125
072 G000000 157
072 H000000 0
072 I000000 0
072 J000000 0
072 K000000 0
072 L000000 0
072 M000000 0
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 0
072 S000000 0
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 0
072 X000000 283
072 Y000000 0
072 Z000000 -264
072AA000000 4027
072BB000000 2298
072CC010000 2853
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 735
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.5700
073 C000000 0.0000
074 A000000 168
074 B000000 0
074 C000000 0
074 D000000 0
074 E000000 0
074 F000000 20072
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 551
074 M000000 5
074 N000000 20792
074 O000000 0
074 P000000 22
074 Q000000 0
<PAGE> PAGE 4
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 18
074 S000000 0
074 T000000 20752
074 U010000 1326
074 U020000 0
074 V010000 15.66
074 V020000 0.00
074 W000000 0.0000
074 X000000 1264
074 Y000000 0
075 A000000 0
075 B000000 24740
076 000000 0.00
077 A000000 N
078 000000 N
SIGNATURE DOUGLAS W. POWELL
TITLE CHIEF EXEC. OFFICER
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 17,219
<INVESTMENTS-AT-VALUE> 20,072
<RECEIVABLES> 552
<ASSETS-OTHER> 168
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20,792
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 40
<TOTAL-LIABILITIES> 40
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19
<SHARES-COMMON-STOCK> 1,326
<SHARES-COMMON-PRIOR> 1,453
<ACCUMULATED-NII-CURRENT> (1,443)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,535
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,853
<NET-ASSETS> 20,752
<DIVIDEND-INCOME> 4
<INTEREST-INCOME> 12
<OTHER-INCOME> 0
<EXPENSES-NET> 281
<NET-INVESTMENT-INCOME> (264)
<REALIZED-GAINS-CURRENT> 3,535
<APPREC-INCREASE-CURRENT> (2,320)
<NET-CHANGE-FROM-OPS> 951
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 735
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 62
<NUMBER-OF-SHARES-REDEEMED> 232
<SHARES-REINVESTED> 42
<NET-CHANGE-IN-ASSETS> (2,192)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 125
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 281
<AVERAGE-NET-ASSETS> 24,952
<PER-SHARE-NAV-BEGIN> 15.79
<PER-SHARE-NII> (.20)
<PER-SHARE-GAIN-APPREC> .640
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .57
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.66
<EXPENSE-RATIO> 2.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
