VANGUARD BALANCED INDEX FUND INC
NSAR-B, 1997-02-10
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<PAGE>      PAGE  1
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001 A000000 VANGUARD BALANCED INDEX FUND, INC.
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020 A000001 BEAR STEARNS & CO.
020 B000001 13-3299429
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020 A000002 INSTINET CORPORATION
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020 A000003 INVESTMENT TECHNOLOGY GROUP, INC.
020 B000003 95-4339369
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020 A000004 PAINEWEBBER INCORPORATED
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022 A000001 THE VANGUARD GROUP, INC./POOLED CASH ACCOUNT
022 B000001 23-1945930
022 C000001   3992990
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022 A000002 BARCLAYS DE ZOETE WEDD SECURITIES INC.
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022 A000003 LEHMAN GOVERNMENT SECURITIES INC.
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SIGNATURE   GARY P. SOURA                                
TITLE       MANAGER             
 


<TABLE> <S> <C>

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<CIK> 0000889519
<NAME> VANGUARD BALANCED INDEX FUND, INC.
<MULTIPLIER> 1,000
<CURRENCY> US
       
<S>                             <C>
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<PERIOD-END>                               DEC-31-1996
<EXCHANGE-RATE>                                      1
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</TABLE>


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