VANGUARD BALANCED INDEX FUND INC
NSAR-B, 1996-02-26
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<PAGE>      PAGE  1
000 B000000 12/31/95
000 C000000 889519
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 VANGUARD BALANCED INDEX FUND, INC.
001 B000000 811-7023
001 C000000 6106691000
002 A000000 100 VANGUARD BOULEVARD
002 B000000 MALVERN
002 C000000 PA
002 D010000 19355
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
018  000000 Y
019 A000000 Y
019 B000000   89
019 C000000 VANGUARDGR
020 A000001 INSTINET CORPORATION
020 B000001 13-3443395
020 C000001     11
020 A000002 PAINEWEBBER INCORPORATED
020 B000002 13-2638166
020 C000002      8
020 A000003 BEAR STEARNS & CO.
020 B000003 13-3299429
020 C000003      7
020 A000004 CROSSING NETWORK
020 C000004      4
020 A000005 FAHNESTOCK & CO. INC.
020 B000005 13-5657518
020 C000005      4
020 A000006 INVESTMENT TECHNOLOGY GROUP, INC.
020 B000006 95-4339369
020 C000006      2
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000       36
022 A000001 THE VANGUARD GROUP, INC./POOLED CASH ACCOUNT
022 B000001 23-1945930
022 C000001   1266556
<PAGE>      PAGE  2
022 D000001         0
022 A000002 LEHMAN BROTHERS INC.
022 B000002 13-2518466
022 C000002     26993
022 D000002     16779
022 A000003 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000003 13-5674085
022 C000003     32089
022 D000003      8575
022 A000004 GREENWICH CAPITAL MARKETS, INC.
022 B000004 13-3172275
022 C000004     13251
022 D000004     16074
022 A000005 BARCLAYS DE ZOETE WEDD SECURITIES INC.
022 B000005 13-3551367
022 C000005     10696
022 D000005      5332
022 A000006 MORGAN STANLEY & CO., INC.
022 B000006 13-2655998
022 C000006      4639
022 D000006      2579
022 A000007 SALOMON BROTHERS INC.
022 B000007 13-3082694
022 C000007      4460
022 D000007      2414
022 A000008 CS FIRST BOSTON CORP.
022 B000008 13-5659485
022 C000008      4228
022 D000008      2410
022 A000009 LEHMAN GOVERNMENT SECURITIES INC.
022 B000009 13-2726611
022 C000009      2344
022 D000009      3583
022 A000010 UBS SECURITIES INC.
022 B000010 13-2932996
022 C000010      5049
022 D000010       287
023 C000000    1404861
023 D000000      73288
028 A010000     12513
028 A020000         0
028 A030000         0
028 A040000      6903
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028 B020000         2
028 B030000         0
028 B040000     10118
028 C010000     13233
028 C020000      3146
028 C030000         0
028 C040000      4356
<PAGE>      PAGE  3
028 D010000     17892
028 D020000         0
028 D030000         0
028 D040000      5876
028 E010000     17015
028 E020000         0
028 E030000         0
028 E040000      6001
028 F010000     19679
028 F020000     11102
028 F030000         0
028 F040000      8116
028 G010000     92168
028 G020000     14250
028 G030000         0
028 G040000     41370
028 H000000         0
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<PAGE>      PAGE  5
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077 M000000 N
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077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078  000000 N
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 C000000   150000
081 A000000 Y
081 B000000 113
082 A000000 N
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083 A000000 N
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084 A000000 N
084 B000000        0
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SIGNATURE   GARY P. SOURA                                
TITLE       SR. MANAGER         
 


<TABLE> <S> <C>

<ARTICLE> 6
<RESTATED> 
<CIK> 0000889519
<NAME> VANGUARD BALANCED INDEX FUND, INC.
<MULTIPLIER> 1,000
<CURRENCY> US
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                           506801
<INVESTMENTS-AT-VALUE>                          597555
<RECEIVABLES>                                    10792
<ASSETS-OTHER>                                      71
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  608418
<PAYABLE-FOR-SECURITIES>                         14284
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         4019
<TOTAL-LIABILITIES>                              18303
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        497957
<SHARES-COMMON-STOCK>                            46202
<SHARES-COMMON-PRIOR>                            38956
<ACCUMULATED-NII-CURRENT>                          565
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            879
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         90714
<NET-ASSETS>                                    590115
<DIVIDEND-INCOME>                                 6517
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<OTHER-INCOME>                                       0
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<EQUALIZATION>                                     694
<DISTRIBUTIONS-OF-INCOME>                        19091
<DISTRIBUTIONS-OF-GAINS>                          2247
<DISTRIBUTIONS-OTHER>                                0
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<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               71
<INTEREST-EXPENSE>                                   0
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<AVERAGE-NET-ASSETS>                            484586
<PER-SHARE-NAV-BEGIN>                            10.34
<PER-SHARE-NII>                                   0.45
<PER-SHARE-GAIN-APPREC>                           2.48
<PER-SHARE-DIVIDEND>                              0.45
<PER-SHARE-DISTRIBUTIONS>                         0.05
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.77
<EXPENSE-RATIO>                                   0.20
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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