PRINCIPAL GROWTH FUND INC
NSAR-A, 1997-08-11
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<PAGE>      PAGE  1
000 A000000 06/30/97
000 C000000 0000915760
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 PRINCIPAL GROWTH FUND, INC.
001 B000000 811-08180
001 C000000 5152475476
002 A000000 THE PRINCIPAL FINANCIAL GROUP
002 B000000 DES MOINES
002 C000000 IA
002 D010000 50392
002 D020000 0200
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
020 A000001 ROBERTSON, COLEMAN & STEPHENS
020 B000001 94-2524501
020 C000001      2
020 A000002 WERTHEIM, SCHROEDER
020 B000002 13-2697272
020 C000002      2
020 A000003 MORGAN STANLEY & CO.
020 B000003 13-2655998
020 C000003      1
020 A000004 CREDIT SUISSE FIRST BOSTON CORP.
020 B000004 13-5659485
020 C000004      1
020 A000005 A. G. EDWARDS
020 B000005 43-0895447
020 C000005      1
020 A000006 DAIN BOSWORTH INC.
020 B000006 41-1414269
020 C000006      1
020 A000007 PRINCIPAL FINANCIAL SECURITIES, INC.
020 B000007 75-0839696
020 C000007      1
020 A000008 INVESTMENT TECHNOLOGY GROUP
020 B000008 95-4339369
020 C000008      0
020 A000009 JEFFRIES & COMPANY
020 B000009 95-2622900
020 C000009      0
020 A000010 INSTINET CO.
<PAGE>      PAGE  2
020 B000010 13-2596491
020 C000010      0
021  000000        9
022 A000001 ASSOCIATES CORPORATION OF NORTH AMERICA
022 B000001 74-1494554
022 C000001    567297
022 D000001         0
022 A000002 AMERICAN EXPRESS CREDIT CORPORATION
022 B000002 11-1988350
022 C000002     40017
022 D000002         0
022 A000003 FORD MOTOR CREDIT CO.
022 B000003 38-1612444
022 C000003     39428
022 D000003         0
022 A000004 GENERAL ELECTRIC CAPITAL CORP.
022 B000004 13-1500700
022 C000004     20201
022 D000004         0
022 A000005 MERRILL LYNCH MONEY MARKET SECURITIES
022 B000005 13-2761776
022 C000005     19281
022 D000005         0
022 A000006 GENERAL ELECTRIC CO.
022 B000006 42-1192999
022 C000006     15201
022 D000006         0
022 A000007 CHEVRON OIL FINANCE CO.
022 B000007 25-1215010
022 C000007      7916
022 D000007         0
022 A000008 CIT GROUP HOLDINGS
022 B000008 13-2994534
022 C000008      7281
022 D000008         0
022 A000009 BENEFICIAL CORP
022 B000009 51-0003820
022 C000009      6970
022 D000009         0
022 A000010 HOUSEHOLD FINANCE CORP.
022 B000010 36-1239445
022 C000010      4905
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SIGNATURE   A. S. FILEAN                                 
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                      103,267,836
<INVESTMENTS-AT-VALUE>                     132,164,273
<RECEIVABLES>                                  131,904
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            16,347
<TOTAL-ASSETS>                             132,312,524
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       53,802
<TOTAL-LIABILITIES>                             53,802
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   102,947,672
<SHARES-COMMON-STOCK>                        8,324,965
<SHARES-COMMON-PRIOR>                        7,222,342
<ACCUMULATED-NII-CURRENT>                      772,279
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (357,666)
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                               132,258,722
<DIVIDEND-INCOME>                              635,179
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<OTHER-INCOME>                                       0
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                      1,178,487
<NUMBER-OF-SHARES-REDEEMED>                   (75,864)
<SHARES-REINVESTED>                                  0
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<ACCUMULATED-NII-PRIOR>                          7,936
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<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                          276,767
<INTEREST-EXPENSE>                                   0
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<AVERAGE-NET-ASSETS>                       113,788,050
<PER-SHARE-NAV-BEGIN>                            13.79
<PER-SHARE-NII>                                    .09
<PER-SHARE-GAIN-APPREC>                           2.01
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<PER-SHARE-NAV-END>                              15.89
<EXPENSE-RATIO>                                    .51
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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