STRONG CONSERVATIVE EQUITY FUNDS INC
NSAR-B, 1996-12-18
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<PAGE>      PAGE  1
000 B000000 10/31/96
000 C000000 901539
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 STRONG CONSERVATIVE EQUITY FUNDS, INC.
001 B000000 811-7656
001 C000000 4143593450
002 A000000 P.O.BOX 2936
002 B000000 MILWAUKEE
002 C000000 WI
002 D010000 53201
002 D020000 2936
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 STRONG AMERICAN UTILITIES FUND
007 C030100 N
007 C010200  2
007 C020200 STRONG EQUITY INCOME FUND
007 C030200 N
007 C010300  3
007 C020300 STRONG GROWTH & INCOME FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
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<PAGE>      PAGE  2
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008 A00AA01 STRONG CAPITAL MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-10724
008 D01AA01 MILWAUKEE
008 D02AA01 WI
008 D03AA01 53201
008 D04AA01 2936
008 A00AA02 W.H. REAVES & COMPANY, INC.
008 B00AA02 S
008 C00AA02 801-13457
008 D01AA02 JERSEY CITY
008 D02AA02 NJ
008 D03AA02 07302
011 A00AA01 STRONG FUNDS DISTRIBUTORS, INC.
011 B00AA01 8-10724
011 C01AA01 MILWAUKEE
011 C02AA01 WI
011 C03AA01 53201
011 C04AA01 2936
012 A00AA01 STRONG CAPITAL MANAGEMENT, INC.
012 B00AA01 84-1599
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012 C03AA01 53201
012 C04AA01 2936
013 A00AA01 COOPERS & LYBRAND L.L.P.
013 B01AA01 MILWAUKEE
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013 B03AA01 53202
014 A00AA01 STRONG FUNDS DISTRIBUTORS, INC.
014 B00AA01 8-32608
014 A00AA02 W.H. REAVES & COMPANY, INC.
014 B00AA02 8-22142
015 A00AA01 FIRSTAR TRUST COMPANY
015 B00AA01 C
015 C01AA01 MILWAUKEE
015 C02AA01 WI
015 C03AA01 53202
015 E01AA01 X
015 A00AA02 BROWN BROTHERS HARRIMAN & CO.
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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SIGNATURE   VALERIE MAYNARD                              
TITLE       DIR OF FIN REPORTING
 

<TABLE> <S> <C>

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<NAME>		"Strong Conservative Equity Funds, Inc."	
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</TABLE>

<TABLE> <S> <C>

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</TABLE>

<TABLE> <S> <C>

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<CIK>		0000901539	
<NAME>		"Strong Conservative Equity Funds, Inc."	
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</TABLE>


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