<PAGE> PAGE 1
000 B000000 02/28/98
000 C000000 0000914231
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 EQUITY FUNDS, INC.
001 B000000 811-8100
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 6
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C020500 STRONG INDEX 500 FUND
007 C030500 N
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
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<PAGE> PAGE 2
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<PAGE> PAGE 3
086 E01AA00 0
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008 A000501 BARCLAYS GLOBAL FUND ADVISORS
008 B000501 A
008 C000501 801-22609
008 D010501 SAN FRANCISCO
008 D020501 CA
008 D030501 94105
010 A000501 STEPHENS, INC
010 C010501 LITTLE ROCK
010 C020501 AR
010 C030501 72201
010 A000502 BARCLAYS GLOBAL INVESTORS, N.A.
010 C010502 SAN FRANCISCO
010 C020502 CA
010 C030502 94105
011 A000501 STRONG FUNDS DISTRIBUTORS, INC.
011 B000501 8-10724
011 C010501 MILWAUKEE
011 C020501 WI
011 C030501 53201
011 C040501 2936
012 A000501 STRONG CAPITAL MANAGEMENT, INC.
012 B000501 84-1599
012 C010501 MILWAUKEE
012 C020501 WI
012 C030501 53201
012 C040501 2936
013 A000501 KPMG PEAT MARWICK LLP
013 B010501 SAN FRANCISCO
013 B020501 CA
013 B030501 94111
014 A000501 STRONG FUNDS DISTRIBUTORS, INC.
014 B000501 8-32608
014 A000502 DELETE
015 A000501 INVESTORS BANK AND TRUST
015 B000501 C
015 C010501 BOSTON
015 C020501 MA
015 C030501 02111
015 E010501 X
018 000500 Y
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019 C000500 STRONGFUND
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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080 A000500 NATIONAL UNION FIRE INSURANCE CO.
080 B000500 GREAT AMERICAN INSURANCE CO.
080 C000500 80000
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<PAGE> PAGE 9
082 A000500 Y
082 B000500 100
SIGNATURE JOHN FLANAGAN
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000914231
<NAME> "Strong Equity Funds, Inc."
<SERIES>
<NUMBER> 5
<NAME> Strong Index 500 Fund
<S> <C>
<PERIOD-TYPE> 10-mos
<FISCAL-YEAR-END> Feb-28-1998
<PERIOD-START> May-01-1997
<PERIOD-END> Feb-28-1998
<INVESTMENTS-AT-COST> 28647255
<INVESTMENTS-AT-VALUE> 31987008
<RECEIVABLES> 140512
<ASSETS-OTHER> 22542
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 32150062
<PAYABLE-FOR-SECURITIES> 0
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<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 2438109
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 50790
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<EXPENSES-NET> (45,636)
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<REALIZED-GAINS-CURRENT> 88899
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (114,053)
<DISTRIBUTIONS-OF-GAINS> (13,104)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2745317
<NUMBER-OF-SHARES-REDEEMED> (317,580)
<SHARES-REINVESTED> 10372
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<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
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<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.16
<EXPENSE-RATIO> 0.4<F1>
<FN>
<F1>Expense ratio without waivers would have been 1.5%.
</FN>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
