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SIGNATURE DOUGLAS W. POWELL
TITLE CEO
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE AUDITED
FINANCIAL STATEMENTS FOR THE PERIOD ENDED JUNE 30, 1999, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 10260
<INVESTMENTS-AT-VALUE> 14033
<RECEIVABLES> 1106
<ASSETS-OTHER> 480
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 15619
<PAYABLE-FOR-SECURITIES> 1083
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 25
<TOTAL-LIABILITIES> 1108
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9138
<SHARES-COMMON-STOCK> 758
<SHARES-COMMON-PRIOR> 1096
<ACCUMULATED-NII-CURRENT> (1656)
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<OVERDISTRIBUTION-GAINS> 0
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<INTEREST-INCOME> 12
<OTHER-INCOME> 0
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<NET-INVESTMENT-INCOME> (342)
<REALIZED-GAINS-CURRENT> 3598
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<NET-CHANGE-FROM-OPS> 3485
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 2151
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 42
<NUMBER-OF-SHARES-REDEEMED> 517
<SHARES-REINVESTED> 137
<NET-CHANGE-IN-ASSETS> (4740)
<ACCUMULATED-NII-PRIOR> (1656)
<ACCUMULATED-GAINS-PRIOR> 2151
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</TABLE>
<PAGE>
INDEPENDENT AUDITOR'S REPORT
To the Shareholders and
Board of Directors of
Dominion Insight Growth Fund
In planning and performing our audit of the financial statements
of Dominion Insight Growth Fund for the year ended June 30, 1999,
we considered its internal control, including control activities
for safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements of Form
N-SAR, not to provide assurance on internal control.
The management of Dominion Funds, Inc. is responsible for
establishing and maintaining internal control. In fulfilling
this responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in
conformity with generally accepted accounting principles. Those
controls include the safeguarding of assets against unauthorized
acquisition, use or disposition.
Because of inherent limitations in internal control, error or
fraud may occur and not be detected. Also, projection of any
evaluation of internal control to future periods is subject to
the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and operation
may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American Institute
of Certified Public Accountants. A material weakness is a
condition in which the design or operation of one or more of the
internal control components does not reduce to a relatively low
level the risk that misstatements caused by error or fraud in
amounts that would be material in relation to the financial
statement being audited may occur and not be detected within a
timely period by employees in the normal course of performing
their assigned functions. However, we noted no matters involving
internal control and its operation, including controls for
safeguarding securities, that we consider to be material
weaknesses as defined about as of June 30, 1999.
This report is intended solely for the information and use of
management, the Board of Directors of Dominion Funds, Inc. and
the Securities and Exchange Commission.
KINDER & WYMAN, P.C.
Irving, Texas
July 14, 1999