STRONG CONSERVATIVE EQUITY FUNDS INC
NSAR-A, 1997-06-25
Previous: SYNTHETIC INDUSTRIES LP, PRRN14A, 1997-06-25
Next: U S GLOBAL ACCOLADE FUNDS, NSAR-A, 1997-06-25



<PAGE>      PAGE  1
000 A000000 04/30/97
000 C000000 901539
000 D000000 N
000 E000000 NC
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 STRONG CONSERVATIVE EQUITY FUNDS, INC.
001 B000000 811-7656
001 C000000 4145777365
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
007 C010800  8
007 C010900  9
007 C011000 10
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
<PAGE>      PAGE  2
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
012 C01AA01 MILWAUKEE
012 C02AA01 WI
012 C03AA01 53201
012 C04AA01 2936
013 A00AA01 COOPERS & LYBRAND L.L.P.
013 B01AA01 MILWAUKEE
013 B02AA01 WI
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.
015 B00AA02 S
015 C01AA02 BOSTON
015 C02AA02 MA
015 C03AA02 02109
015 E04AA02 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   39
019 C00AA00 STRONGFUND
020 A000001 W.H. REAVES & COMPANY, INC.
020 C000001    111
020 A000002 MORGAN STANLEY & COMPANY, INC.
020 C000002     91
020 A000003 INSTINET CORPORATION
020 C000003     71
020 A000004 GOLDMAN, SACHS & COMPANY
020 C000004     59
020 A000005 SALOMON BROTHERS, INC.
020 C000005     40
020 A000006 ALEX BROWN & SONS, INC.
020 C000006     31
020 A000007 SMITH BARNEY, INC.
020 C000007     27
<PAGE>      PAGE  3
020 A000008 PRUDENTIAL SECURITIES, INC.
020 C000008     26
020 A000009 WILLIAM O'NEIL & COMPANY, INC.
020 C000009     19
020 A000010 DONALDSON, LUFKIN & JENRETTE SECURITIES
020 C000010     19
021  000000      665
022 A000001 CANTOR FITZGERALD & COMPANY
022 C000001    448200
022 D000001        40
022 A000002 ELAN INVESTMENT SERVICES, INC.
022 C000002     74552
022 D000002     62684
022 A000003 GOLDMAN SACHS & COMPANY
022 C000003    119966
022 D000003      2917
022 A000004 PAINEWEBBER, INC.
022 C000004     53893
022 D000004         0
022 A000005 SALOMON BROTHERS, INC.
022 C000005     44882
022 D000005      1922
022 A000006 LEHMAN BROTHERS, INC.
022 C000006     21163
022 D000006       884
022 A000007 SMITH BARNEY, INC.
022 C000007      2411
022 D000007      2605
022 A000008 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 C000008      2284
022 D000008      1263
022 A000009 BANKERS TRUST COMPANY
022 C000009      1040
022 D000009      1757
022 A000010 J.P. MORGAN SECURITES, INC.
022 C000010       547
022 D000010       862
023 C000000     774999
023 D000000      77656
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
<PAGE>      PAGE  4
030 B00AA00  0.00
030 C00AA00  0.00
031 A00AA00      0
031 B00AA00      0
032  00AA00      0
033  00AA00      0
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 Y
040  00AA00 N
042 A00AA00   0
042 B00AA00   0
042 C00AA00   0
042 D00AA00   0
042 E00AA00   0
042 F00AA00   0
042 G00AA00   0
042 H00AA00   0
043  00AA00      0
044  00AA00      0
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 Y
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
062 A00AA00 N
062 B00AA00   0.0
062 C00AA00   0.0
062 D00AA00   0.0
<PAGE>      PAGE  5
062 E00AA00   0.0
062 F00AA00   0.0
062 G00AA00   0.0
062 H00AA00   0.0
062 I00AA00   0.0
062 J00AA00   0.0
062 K00AA00   0.0
062 L00AA00   0.0
062 M00AA00   0.0
062 N00AA00   0.0
062 O00AA00   0.0
062 P00AA00   0.0
062 Q00AA00   0.0
062 R00AA00   0.0
063 A00AA00   0
063 B00AA00  0.0
066 A00AA00 Y
066 B00AA00 N
066 C00AA00 N
066 D00AA00 N
066 E00AA00 Y
066 F00AA00 N
066 G00AA00 N
067  00AA00 N
068 A00AA00 N
068 B00AA00 N
069  00AA00 N
077 A000000 N
078  000000 N
080 C00AA00        0
081 B00AA00   0
082 B00AA00        0
083 B00AA00        0
084 B00AA00        0
024  000100 N
025 D000101       0
025 D000102       0
025 D000103       0
025 D000104       0
025 D000105       0
025 D000106       0
025 D000107       0
025 D000108       0
028 A010100     11641
028 A020100         0
028 A030100         0
028 A040100      4272
028 B010100      4242
028 B020100      7416
028 B030100         0
028 B040100      5465
<PAGE>      PAGE  6
028 C010100      6311
028 C020100         0
028 C030100         0
028 C040100      8724
028 D010100      4599
028 D020100         0
028 D030100         0
028 D040100      5879
028 E010100      5651
028 E020100       763
028 E030100         0
028 E040100      6460
028 F010100      1611
028 F020100         0
028 F030100         0
028 F040100     12198
028 G010100     34055
028 G020100      8179
028 G030100         0
028 G040100     42998
028 H000100         0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.750
048 A010100        0
048 A020100 0.000
048 B010100        0
048 B020100 0.000
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100        0
048 K020100 0.000
058 A000100 N
059  000100 Y
060 A000100 N
060 B000100 N
<PAGE>      PAGE  7
061  000100      250
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100     31891
071 B000100     38881
071 C000100    123135
071 D000100   26
072 A000100  6
072 B000100      170
072 C000100     2487
072 D000100        0
072 E000100        0
072 F000100      483
072 G000100        0
072 H000100        0
072 I000100      166
072 J000100       11
<PAGE>      PAGE  8
072 K000100        0
072 L000100       24
072 M000100        2
072 N000100       23
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100        7
072 S000100        0
072 T000100        0
072 U000100        5
072 V000100        0
072 W000100        4
072 X000100      725
072 Y000100        0
072 Z000100     1932
072AA000100     4493
072BB000100      909
072CC010100     1516
072CC020100        0
072DD010100     1823
072DD020100        0
072EE000100     6816
073 A010100   0.1787
073 A020100   0.0000
073 B000100   0.6706
073 C000100   0.0000
074 A000100        0
074 B000100        0
074 C000100     5274
074 D000100        0
074 E000100        0
074 F000100   113682
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100      561
074 K000100        0
074 L000100      624
074 M000100       40
074 N000100   120181
074 O000100       29
074 P000100       23
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100       14
074 S000100        0
074 T000100   120115
074 U010100     9591
<PAGE>      PAGE  9
074 U020100        0
074 V010100    12.52
074 V020100     0.00
074 W000100   0.0000
074 X000100     8381
074 Y000100        0
075 A000100        0
075 B000100   130226
076  000100     0.00
024  000200 Y
025 A000201 MERRILL LYNCH, PIERCE, FENNER & SMITH
025 C000201 E
025 D000201     405
025 D000202       0
025 D000203       0
025 D000204       0
025 D000205       0
025 D000206       0
025 D000207       0
025 D000208       0
028 A010200      9399
028 A020200         0
028 A030200         0
028 A040200      1636
028 B010200      2339
028 B020200       129
028 B030200         0
028 B040200      2382
028 C010200      7839
028 C020200         0
028 C030200         0
028 C040200      1699
028 D010200     15803
028 D020200         0
028 D030200         0
028 D040200      4125
028 E010200     18762
028 E020200        94
028 E030200         0
028 E040200      4200
028 F010200      9521
028 F020200         0
028 F030200         0
028 F040200      4191
028 G010200     63663
028 G020200       223
028 G030200         0
028 G040200     18233
028 H000200         0
045  000200 Y
046  000200 N
<PAGE>      PAGE  10
047  000200 Y
048  000200  0.800
048 A010200        0
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
058 A000200 N
059  000200 Y
060 A000200 Y
060 B000200 Y
061  000200      250
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 Y
070 K020200 N
<PAGE>      PAGE  11
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200     98111
071 B000200     52021
071 C000200     47888
071 D000200  109
072 A000200  6
072 B000200       89
072 C000200      501
072 D000200        0
072 E000200        0
072 F000200      202
072 G000200        0
072 H000200        0
072 I000200       53
072 J000200       10
072 K000200        0
072 L000200       10
072 M000200        1
072 N000200       28
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200        3
072 S000200        0
072 T000200        0
072 U000200        1
072 V000200        0
072 W000200        0
072 X000200      308
072 Y000200        0
072 Z000200      282
072AA000200     3524
072BB000200     1601
072CC010200     2703
072CC020200        0
072DD010200      231
072DD020200        0
072EE000200        0
<PAGE>      PAGE  12
073 A010200   0.0624
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200        0
074 B000200        0
074 C000200     4767
074 D000200     1865
074 E000200     2123
074 F000200    73809
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200     1307
074 K000200        0
074 L000200      219
074 M000200       35
074 N000200    84125
074 O000200     5031
074 P000200       30
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200       11
074 S000200        0
074 T000200    79053
074 U010200     5836
074 U020200        0
074 V010200    13.55
074 V020200     0.00
074 W000200   0.0000
074 X000200     5086
074 Y000200        0
075 A000200        0
075 B000200    51332
076  000200     0.00
024  000300 Y
025 A000301 MERRILL LYNCH, PIERCE, FENNER & SMITH
025 C000301 E
025 D000301     615
025 D000302       0
025 D000303       0
025 D000304       0
025 D000305       0
025 D000306       0
025 D000307       0
025 D000308       0
028 A010300     29537
028 A020300         0
028 A030300         0
<PAGE>      PAGE  13
028 A040300      3570
028 B010300      6831
028 B020300       140
028 B030300         0
028 B040300      3951
028 C010300     22146
028 C020300         0
028 C030300         0
028 C040300      3677
028 D010300     26511
028 D020300         0
028 D030300         0
028 D040300      3190
028 E010300     22600
028 E020300       115
028 E030300         0
028 E040300      4635
028 F010300     22064
028 F020300         0
028 F030300         0
028 F040300      5911
028 G010300    129689
028 G020300       255
028 G030300         0
028 G040300     24934
028 H000300         0
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.800
048 A010300        0
048 A020300 0.000
048 B010300        0
048 B020300 0.000
048 C010300        0
048 C020300 0.000
048 D010300        0
048 D020300 0.000
048 E010300        0
048 E020300 0.000
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
048 J020300 0.000
048 K010300        0
<PAGE>      PAGE  14
048 K020300 0.000
058 A000300 N
059  000300 Y
060 A000300 Y
060 B000300 Y
061  000300      250
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300    203342
071 B000300     97821
071 C000300     69775
071 D000300  140
072 A000300  6
072 B000300       92
072 C000300      640
072 D000300        0
072 E000300        0
<PAGE>      PAGE  15
072 F000300      285
072 G000300        0
072 H000300        0
072 I000300       91
072 J000300       15
072 K000300        0
072 L000300       23
072 M000300        1
072 N000300       51
072 O000300        0
072 P000300        0
072 Q000300        0
072 R000300        2
072 S000300        0
072 T000300        0
072 U000300        4
072 V000300        0
072 W000300        0
072 X000300      472
072 Y000300        0
072 Z000300      260
072AA000300     3731
072BB000300     4044
072CC010300     6253
072CC020300        0
072DD010300      205
072DD020300        0
072EE000300       56
073 A010300   0.0389
073 A020300   0.0000
073 B000300   0.0156
073 C000300   0.0000
074 A000300        0
074 B000300        0
074 C000300     3966
074 D000300     1325
074 E000300     2788
074 F000300   124148
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300     5491
074 K000300        0
074 L000300      205
074 M000300       28
074 N000300   137951
074 O000300     8941
074 P000300       30
074 Q000300        0
074 R010300        0
074 R020300        0
<PAGE>      PAGE  16
074 R030300        0
074 R040300       41
074 S000300        0
074 T000300   128939
074 U010300     9266
074 U020300        0
074 V010300    13.92
074 V020300     0.00
074 W000300   0.0000
074 X000300    11899
074 Y000300        0
075 A000300        0
075 B000300    72976
076  000300     0.00
SIGNATURE   JOHN FLANAGAN                                
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE>		6
<CIK>	0000901539
<NAME>		"Strong Conservative Equity Funds, Inc."
<SERIES>		
   <NUMBER>		1
   <NAME>		Strong American Utilities Fund
<MULTIPLIER>		1,000
       		
<S>		<C>       
<PERIOD-TYPE>		6-MOS
<FISCAL-YEAR-END>		Oct-31-1997
<PERIOD-START>		Nov-01-1996
<PERIOD-END>		Apr-30-1997
<INVESTMENTS-AT-COST>		108822
<INVESTMENTS-AT-VALUE>		118956
<RECEIVABLES>		1185
<ASSETS-OTHER>		40
<OTHER-ITEMS-ASSETS>		0
<TOTAL-ASSETS>		120181
<PAYABLE-FOR-SECURITIES>		29
<SENIOR-LONG-TERM-DEBT>		0
<OTHER-ITEMS-LIABILITIES>		37
<TOTAL-LIABILITIES>		66
<SENIOR-EQUITY>		0
<PAID-IN-CAPITAL-COMMON>		106232
<SHARES-COMMON-STOCK>		9591
<SHARES-COMMON-PRIOR>		9691
<ACCUMULATED-NII-CURRENT>		484
<OVERDISTRIBUTION-NII>		0
<ACCUMULATED-NET-GAINS>		3,265
<OVERDISTRIBUTION-GAINS>		0
<ACCUM-APPREC-OR-DEPREC>		10,134
<NET-ASSETS>		120115
<DIVIDEND-INCOME>		2487
<INTEREST-INCOME>		170
<OTHER-INCOME>		0
<EXPENSES-NET>		(725)
<NET-INVESTMENT-INCOME>		1932
<REALIZED-GAINS-CURRENT>		3,584
<APPREC-INCREASE-CURRENT>		1516
<NET-CHANGE-FROM-OPS>		7032
<EQUALIZATION>		0
<DISTRIBUTIONS-OF-INCOME>		(1,823)
<DISTRIBUTIONS-OF-GAINS>		(6,816)
<DISTRIBUTIONS-OTHER>		0
<NUMBER-OF-SHARES-SOLD>		2660
<NUMBER-OF-SHARES-REDEEMED>		(3,404)
<SHARES-REINVESTED>		644
<NET-CHANGE-IN-ASSETS>		(2,371)
<ACCUMULATED-NII-PRIOR>		375
<ACCUMULATED-GAINS-PRIOR>		6497
<OVERDISTRIB-NII-PRIOR>		0
<OVERDIST-NET-GAINS-PRIOR>		0
<GROSS-ADVISORY-FEES>		483
<INTEREST-EXPENSE>		0
<GROSS-EXPENSE>		725
<AVERAGE-NET-ASSETS>		130141
<PER-SHARE-NAV-BEGIN>		12.64
<PER-SHARE-NII>		0.19
<PER-SHARE-GAIN-APPREC>		0.54
<PER-SHARE-DIVIDEND>		(0.18)
<PER-SHARE-DISTRIBUTIONS>		(0.67)
<RETURNS-OF-CAPITAL>		0
<PER-SHARE-NAV-END>		12.52
<EXPENSE-RATIO>		1.1
<AVG-DEBT-OUTSTANDING>		0
<AVG-DEBT-PER-SHARE>		0
        		


</TABLE>

<TABLE> <S> <C>

<ARTICLE>		6
<CIK>	0000901539
<NAME>		"Strong Conservative Equity Funds, Inc."
<SERIES>		
   <NUMBER>		2
   <NAME>		Strong Equity Income Fund
<MULTIPLIER>		1,000
       		
<S>		<C>       
<PERIOD-TYPE>		6-MOS
<FISCAL-YEAR-END>		Oct-31-1997
<PERIOD-START>		Nov-01-1996
<PERIOD-END>		Apr-30-1997
<INVESTMENTS-AT-COST>		77497
<INVESTMENTS-AT-VALUE>		82564
<RECEIVABLES>		1526
<ASSETS-OTHER>		35
<OTHER-ITEMS-ASSETS>		0
<TOTAL-ASSETS>		84125
<PAYABLE-FOR-SECURITIES>		5031
<SENIOR-LONG-TERM-DEBT>		0
<OTHER-ITEMS-LIABILITIES>		41
<TOTAL-LIABILITIES>		5072
<SENIOR-EQUITY>		0
<PAID-IN-CAPITAL-COMMON>		72229
<SHARES-COMMON-STOCK>		5836
<SHARES-COMMON-PRIOR>		2388
<ACCUMULATED-NII-CURRENT>		80
<OVERDISTRIBUTION-NII>		0
<ACCUMULATED-NET-GAINS>		1,677
<OVERDISTRIBUTION-GAINS>		0
<ACCUM-APPREC-OR-DEPREC>		5,067
<NET-ASSETS>		79053
<DIVIDEND-INCOME>		501
<INTEREST-INCOME>		89
<OTHER-INCOME>		0
<EXPENSES-NET>		(308)
<NET-INVESTMENT-INCOME>		282
<REALIZED-GAINS-CURRENT>		1,923
<APPREC-INCREASE-CURRENT>		2703
<NET-CHANGE-FROM-OPS>		4908
<EQUALIZATION>		0
<DISTRIBUTIONS-OF-INCOME>		(231)
<DISTRIBUTIONS-OF-GAINS>		0
<DISTRIBUTIONS-OTHER>		0
<NUMBER-OF-SHARES-SOLD>		4822
<NUMBER-OF-SHARES-REDEEMED>		(1,392)
<SHARES-REINVESTED>		17
<NET-CHANGE-IN-ASSETS>	50,330
<ACCUMULATED-NII-PRIOR>		28
<ACCUMULATED-GAINS-PRIOR>		0
<OVERDISTRIB-NII-PRIOR>		0
<OVERDIST-NET-GAINS-PRIOR>		(246)
<GROSS-ADVISORY-FEES>		202
<INTEREST-EXPENSE>		0
<GROSS-EXPENSE>		308
<AVERAGE-NET-ASSETS>		51268
<PER-SHARE-NAV-BEGIN>		12.03
<PER-SHARE-NII>		0.06
<PER-SHARE-GAIN-APPREC>		1.52
<PER-SHARE-DIVIDEND>		(0.06)
<PER-SHARE-DISTRIBUTIONS>		0
<RETURNS-OF-CAPITAL>		0
<PER-SHARE-NAV-END>		13.55
<EXPENSE-RATIO>		1.2
<AVG-DEBT-OUTSTANDING>		0
<AVG-DEBT-PER-SHARE>		0
        		


</TABLE>

<TABLE> <S> <C>

<ARTICLE>		6
<CIK>	0000901539
<NAME>		"Strong Conservative Equity Funds, Inc."
<SERIES>		
   <NUMBER>		3
   <NAME>		Strong Growth & Income Fund
<MULTIPLIER>		1,000
       		
<S>		<C>       
<PERIOD-TYPE>		6-MOS
<FISCAL-YEAR-END>		Oct-31-1997
<PERIOD-START>		Nov-01-1996
<PERIOD-END>		Apr-30-1997
<INVESTMENTS-AT-COST>		124826
<INVESTMENTS-AT-VALUE>		132227
<RECEIVABLES>		5696
<ASSETS-OTHER>		28
<OTHER-ITEMS-ASSETS>		0
<TOTAL-ASSETS>		137951
<PAYABLE-FOR-SECURITIES>		8941
<SENIOR-LONG-TERM-DEBT>		0
<OTHER-ITEMS-LIABILITIES>		71
<TOTAL-LIABILITIES>		9012
<SENIOR-EQUITY>		0
<PAID-IN-CAPITAL-COMMON>		121816
<SHARES-COMMON-STOCK>		9266
<SHARES-COMMON-PRIOR>		1453
<ACCUMULATED-NII-CURRENT>		64
<OVERDISTRIBUTION-NII>		0
<ACCUMULATED-NET-GAINS>		0
<OVERDISTRIBUTION-GAINS>		(342)
<ACCUM-APPREC-OR-DEPREC>		7,401
<NET-ASSETS>		128939
<DIVIDEND-INCOME>		640
<INTEREST-INCOME>		92
<OTHER-INCOME>		0
<EXPENSES-NET>		(472)
<NET-INVESTMENT-INCOME>		260
<REALIZED-GAINS-CURRENT>		(313)
<APPREC-INCREASE-CURRENT>		6253
<NET-CHANGE-FROM-OPS>		6200
<EQUALIZATION>		0
<DISTRIBUTIONS-OF-INCOME>		(205)
<DISTRIBUTIONS-OF-GAINS>		(56)
<DISTRIBUTIONS-OTHER>		0
<NUMBER-OF-SHARES-SOLD>		9666
<NUMBER-OF-SHARES-REDEEMED>		(1,872)
<SHARES-REINVESTED>		19
<NET-CHANGE-IN-ASSETS>		110,949
<ACCUMULATED-NII-PRIOR>		9
<ACCUMULATED-GAINS-PRIOR>		27
<OVERDISTRIB-NII-PRIOR>		0
<OVERDIST-NET-GAINS-PRIOR>		0
<GROSS-ADVISORY-FEES>		285
<INTEREST-EXPENSE>		0
<GROSS-EXPENSE>		472
<AVERAGE-NET-ASSETS>		73075
<PER-SHARE-NAV-BEGIN>		12.38
<PER-SHARE-NII>		0.04
<PER-SHARE-GAIN-APPREC>		1.56
<PER-SHARE-DIVIDEND>		(0.04)
<PER-SHARE-DISTRIBUTIONS>		(0.02)
<RETURNS-OF-CAPITAL>		0
<PER-SHARE-NAV-END>		13.92
<EXPENSE-RATIO>		1.3
<AVG-DEBT-OUTSTANDING>		0
<AVG-DEBT-PER-SHARE>		0
        		


</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission