VANGUARD BALANCED INDEX FUND INC
NSAR-B, 1999-02-24
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<PAGE>      PAGE  1
000 B000000 12/31/98
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002 A000000 100 VANGUARD BOULEVARD
002 B000000 MALVERN
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012 A000001 THE VANGUARD GROUP, INC.
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013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 PHILADELPHIA
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014 A000001 VANGUARD MARKETING CORPORATION
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020 A000001 BEAR, STEARNS & CO., INC.
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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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020 A000005 SMITH BARNEY INC.
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020 A000006 WEEDEN & COMPANY
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SIGNATURE   GARY P. SOURA                                
TITLE       MANAGER             
 


<TABLE> <S> <C>

<ARTICLE> 6
<RESTATED> 
<CIK> 0000889519
<NAME> VANGUARD BALANCED INDEX FUND
<MULTIPLIER> 1,000
<CURRENCY> US
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                          1523676
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</TABLE>


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