PRINCIPAL UTILITIES FUND INC /MD/
NSAR-A, 1999-06-15
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<PAGE>      PAGE  1
000 A000000 04/30/99
000 C000000 0000892823
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
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000 I000000 3.0.a
000 J000000 A
001 A000000 PRINCIPAL UTILITIES FUND, INC
001 B000000 811-07266
001 C000000 5152475476
002 A000000 PRINCIPAL FINANCIAL GROUP
002 B000000 DES MOINES
002 C000000 IA
002 D010000 50392
002 D020000 0200
003  000000 N
004  000000 N
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008 A000001 PRINCIPAL MANAGEMENT CORPORATION
008 B000001 A
008 C000001 801-8144
008 D010001 DES MOINES
008 D020001 IA
008 D030001 50392
008 D040001 0200
008 A000002 INVISTA CAPITAL MANAGEMENT, LLC
008 B000002 S
008 C000002 801-23020
008 D010002 DES MOINES
008 D020002 IA
008 D030002 50309
018  000000 Y
019 A000000 Y
019 B000000   44
019 C000000 PRINCORGRP
020 A000001 PRUDENTIAL SECURITIES, INC.
020 B000001 22-2347336
020 C000001     11
020 A000002 OPPENHEIMER & CO
020 B000002 13-2798343
020 C000002      6
020 A000003 MERRILL LYNCH
020 B000003 13-5674085
020 C000003      6
020 A000004 BERNSTEIN, SANFORD C.
020 B000004 13-2625074
<PAGE>      PAGE  2
020 C000004      5
020 A000005 BEAR STEARNS & CO.
020 B000005 13-3299429
020 C000005      4
020 A000006 PAINE WEBBER INC.
020 B000006 13-2638166
020 C000006      4
020 A000007 SG WARBURG AND CO.
020 B000007 13-3340045
020 C000007      3
020 A000008 GOLDMAN SACHS CO.
020 B000008 13-5108880
020 C000008      3
020 A000009 LEHMAN BROTHERS
020 B000009 13-2501865
020 C000009      3
020 A000010 JEFFRIES & COMPANY
020 B000010 95-2622900
020 C000010      3
021  000000       52
022 A000001 ASSOCIATES CORPORATION OF NORTH AMERICA
022 B000001 74-1494554
022 C000001    382184
022 D000001         0
022 A000002 FURMAN SELZ INC.
022 B000002 13-2753731
022 C000002         0
022 D000002      1182
022 A000003 FORD MOTOR CREDIT CO.
022 B000003 38-1612444
022 C000003       964
022 D000003         0
022 A000004 GENERAL ELECTRIC CAPITAL CORP.
022 B000004 13-1500700
022 C000004       919
022 D000004         0
022 A000005 PRUDENTIAL SECURITIES, INC.
022 B000005 22-2347336
022 C000005         0
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022 A000007 SALOMON BROTHERS, SMITH BARNEY
022 B000007 13-3082694
022 C000007       328
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022 A000008 DONALDSON, LUFKIN & JENRETTE (DLJ)
022 B000008 13-2741729
022 C000008       246
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022 A000009 BANK OF NEW YORK, ASSOCIATES
022 B000009 13-6062916
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SIGNATURE   A S FILEAN
TITLE       VICE PRES/SECRETARY


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-30-1999
<INVESTMENTS-AT-COST>                       82,371,905
<INVESTMENTS-AT-VALUE>                     116,181,701
<RECEIVABLES>                                2,348,969
<ASSETS-OTHER>                                   2,338
<OTHER-ITEMS-ASSETS>                            71,522
<TOTAL-ASSETS>                             118,604,530
<PAYABLE-FOR-SECURITIES>                     1,847,351
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      189,057
<TOTAL-LIABILITIES>                          2,036,408
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    77,495,834
<SHARES-COMMON-STOCK>                        5,515,220
<SHARES-COMMON-PRIOR>                        5,183,590
<ACCUMULATED-NII-CURRENT>                      282,214
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      4,980,278
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    33,809,796
<NET-ASSETS>                               116,568,122
<DIVIDEND-INCOME>                            1,736,554
<INTEREST-INCOME>                               79,198
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (707,719)
<NET-INVESTMENT-INCOME>                      1,108,033
<REALIZED-GAINS-CURRENT>                     4,979,007
<APPREC-INCREASE-CURRENT>                    3,856,120
<NET-CHANGE-FROM-OPS>                        9,943,160
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (977,307)
<DISTRIBUTIONS-OF-GAINS>                   (1,241,335)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        814,081
<NUMBER-OF-SHARES-REDEEMED>                  (606,705)
<SHARES-REINVESTED>                            124,254
<NET-CHANGE-IN-ASSETS>                      17,639,327
<ACCUMULATED-NII-PRIOR>                        280,319
<ACCUMULATED-GAINS-PRIOR>                    1,475,420
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          325,064
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                707,719
<AVERAGE-NET-ASSETS>                       108,887,377
<PER-SHARE-NAV-BEGIN>                            16.11
<PER-SHARE-NII>                                    .18
<PER-SHARE-GAIN-APPREC>                           1.39
<PER-SHARE-DIVIDEND>                             (.18)
<PER-SHARE-DISTRIBUTIONS>                        (.24)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.26
<EXPENSE-RATIO>                                   1.17



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-30-1999
<INVESTMENTS-AT-COST>                       82,371,905
<INVESTMENTS-AT-VALUE>                     116,181,701
<RECEIVABLES>                                2,348,969
<ASSETS-OTHER>                                   2,338
<OTHER-ITEMS-ASSETS>                            71,522
<TOTAL-ASSETS>                             118,604,530
<PAYABLE-FOR-SECURITIES>                     1,847,351
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      189,057
<TOTAL-LIABILITIES>                          2,036,408
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    77,495,834
<SHARES-COMMON-STOCK>                          883,072
<SHARES-COMMON-PRIOR>                          707,750
<ACCUMULATED-NII-CURRENT>                      282,214
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      4,980,278
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    33,809,796
<NET-ASSETS>                               116,568,122
<DIVIDEND-INCOME>                            1,736,554
<INTEREST-INCOME>                               79,198
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (707,719)
<NET-INVESTMENT-INCOME>                      1,108,033
<REALIZED-GAINS-CURRENT>                     4,979,007
<APPREC-INCREASE-CURRENT>                    3,856,120
<NET-CHANGE-FROM-OPS>                        9,943,160
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (93,136)
<DISTRIBUTIONS-OF-GAINS>                     (171,044)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        270,266
<NUMBER-OF-SHARES-REDEEMED>                  (109,824)
<SHARES-REINVESTED>                             14,880
<NET-CHANGE-IN-ASSETS>                      17,639,327
<ACCUMULATED-NII-PRIOR>                        280,319
<ACCUMULATED-GAINS-PRIOR>                    1,475,420
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          325,064
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                707,719
<AVERAGE-NET-ASSETS>                       108,887,377
<PER-SHARE-NAV-BEGIN>                            16.09
<PER-SHARE-NII>                                    .12
<PER-SHARE-GAIN-APPREC>                           1.38
<PER-SHARE-DIVIDEND>                             (.11)
<PER-SHARE-DISTRIBUTIONS>                        (.24)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.24
<EXPENSE-RATIO>                                   1.93



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-30-1999
<INVESTMENTS-AT-COST>                       82,371,905
<INVESTMENTS-AT-VALUE>                     116,181,701
<RECEIVABLES>                                2,348,969
<ASSETS-OTHER>                                   2,338
<OTHER-ITEMS-ASSETS>                            71,522
<TOTAL-ASSETS>                             118,604,530
<PAYABLE-FOR-SECURITIES>                     1,847,351
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      189,057
<TOTAL-LIABILITIES>                          2,036,408
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    77,495,834
<SHARES-COMMON-STOCK>                          357,809
<SHARES-COMMON-PRIOR>                          249,210
<ACCUMULATED-NII-CURRENT>                      282,214
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      4,980,278
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    33,809,796
<NET-ASSETS>                               116,568,122
<DIVIDEND-INCOME>                            1,736,554
<INTEREST-INCOME>                               79,198
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (707,719)
<NET-INVESTMENT-INCOME>                      1,108,033
<REALIZED-GAINS-CURRENT>                     4,979,007
<APPREC-INCREASE-CURRENT>                    3,856,120
<NET-CHANGE-FROM-OPS>                        9,943,160
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (35,695)
<DISTRIBUTIONS-OF-GAINS>                      (61,770)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        156,127
<NUMBER-OF-SHARES-REDEEMED>                   (53,422)
<SHARES-REINVESTED>                              5,894
<NET-CHANGE-IN-ASSETS>                      17,639,327
<ACCUMULATED-NII-PRIOR>                        280,319
<ACCUMULATED-GAINS-PRIOR>                    1,475,420
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          325,064
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                707,719
<AVERAGE-NET-ASSETS>                       108,887,377
<PER-SHARE-NAV-BEGIN>                            16.07
<PER-SHARE-NII>                                    .12
<PER-SHARE-GAIN-APPREC>                           1.38
<PER-SHARE-DIVIDEND>                             (.12)
<PER-SHARE-DISTRIBUTIONS>                        (.24)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.21
<EXPENSE-RATIO>                                   1.84



</TABLE>


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