LINCOLN NATIONAL CAPITAL APPRECIATION FUND INC
NSAR-A, EX-27, 2000-08-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000913362
<NAME> LINCOLN NAT'L CAPITAL APPRECIATION FUND INC.

<S>                             <C>
<PERIOD-TYPE>                    6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                    1,548,453,933
<INVESTMENTS-AT-VALUE>                   2,138,000,885
<RECEIVABLES>                               16,320,517
<ASSETS-OTHER>                                  74,451
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           2,154,395,853
<PAYABLE-FOR-SECURITIES>                    11,853,972
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,391,354
<TOTAL-LIABILITIES>                         13,245,326
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,426,024,382
<SHARES-COMMON-STOCK>                       69,719,227
<SHARES-COMMON-PRIOR>                       60,799,038
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         208,410
<ACCUMULATED-NET-GAINS>                    120,736,549
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   590,108,992
<NET-ASSETS>                             2,142,276,800
<DIVIDEND-INCOME>                            3,265,468
<INTEREST-INCOME>                            2,940,105
<OTHER-INCOME>                                (71,403)
<EXPENSES-NET>                               7,864,513
<NET-INVESTMENT-INCOME>                    (1,730,343)
<REALIZED-GAINS-CURRENT>                   118,244,452
<APPREC-INCREASE-CURRENT>                 (79,299,697)
<NET-CHANGE-FROM-OPS>                       37,214,412
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                    91,977,656
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      7,405,932
<NUMBER-OF-SHARES-REDEEMED>                  1,461,981
<SHARES-REINVESTED>                          2,976,238
<NET-CHANGE-IN-ASSETS>                     229,200,601
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   95,661,369
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        7,431,289
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              7,864,513
<AVERAGE-NET-ASSETS>                     2,085,540,592
<PER-SHARE-NAV-BEGIN>                           31.466
<PER-SHARE-NII>                                (0.026)
<PER-SHARE-GAIN-APPREC>                          0.667
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        1.380
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             30.727
<EXPENSE-RATIO>                                   0.76



</TABLE>


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