BRIDGEWAY FUND INC
NSAR-A, 1996-03-01
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<PAGE>      PAGE  1
000 A000000 12/31/95
000 C000000 916006
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 I000000 3.0
000 J000000 A
001 A000000 BRIDGEWAY FUND, INC.
001 B000000 811-8200
001 C000000 7136613500
002 A000000 5650 KIRBY DRIVE SUITE 141
002 B000000 HOUSTON
002 C000000 TX
002 D010000 77005
002 D020000 2443
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
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007 C020100 ULTRA SMALL COMPANY PORTFOLIO
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<PAGE>      PAGE  2
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008 A00AA01 BRIDGEWAY CAPITAL MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-44394
008 D01AA01 HOUSTON
008 D02AA01 TX
008 D03AA01 77005
008 D04AA01 2443
013 A00AA01 COOPERS & LYBRAND
013 B01AA01 HOUSTON
013 B02AA01 TX
013 B03AA01 77002
015 A00AA01 RIVER OAKS TRUST
015 B00AA01 C
015 C01AA01 HOUSTON
015 C02AA01 TX
015 C03AA01 77210
015 C04AA01 4886
015 E01AA01 X
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020 A000001 PACIFIC BROKERAGE SERVICES INC
020 B000001 95-3037699
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<PAGE>      PAGE  3
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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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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  13
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SIGNATURE   GLEN W. FEAGINS                              
TITLE       ACCOUNTANT          
 
[ARTICLE] 6
[CIK] 0000916006
[NAME] BRIDGEWAY FUND, INC.
[SERIES]
   [NUMBER] 1
   [NAME] ULTRA-SMALL COMPANY PORTFOLIO
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          JUN-30-1996
[PERIOD-END]                               DEC-31-1995
[INVESTMENTS-AT-COST]                          1066743
[INVESTMENTS-AT-VALUE]                         1299718
[RECEIVABLES]                                     5992
[ASSETS-OTHER]                                   33682
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                                 1339392
[PAYABLE-FOR-SECURITIES]                         15035
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                        21438
[TOTAL-LIABILITIES]                              36473
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                       1077313
[SHARES-COMMON-STOCK]                            96748
[SHARES-COMMON-PRIOR]                            58817
[ACCUMULATED-NII-CURRENT]                       (8404)
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                           1035
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                        232975
[NET-ASSETS]                                   1302919
[DIVIDEND-INCOME]                                 1743
[INTEREST-INCOME]                                 1256
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                    9303
[NET-INVESTMENT-INCOME]                         (6304)
[REALIZED-GAINS-CURRENT]                         49069
[APPREC-INCREASE-CURRENT]                       161116
[NET-CHANGE-FROM-OPS]                           203881
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                         44243
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                          35416
[NUMBER-OF-SHARES-REDEEMED]                        823
[SHARES-REINVESTED]                               3338
[NET-CHANGE-IN-ASSETS]                          635383
[ACCUMULATED-NII-PRIOR]                         (2102)
[ACCUMULATED-GAINS-PRIOR]                       (3791)
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                             4186
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                  17421
[AVERAGE-NET-ASSETS]                            972661
[PER-SHARE-NAV-BEGIN]                            11.35
[PER-SHARE-NII]                                  (.05)
[PER-SHARE-GAIN-APPREC]                           2.66
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                          .49
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              13.47
[EXPENSE-RATIO]                                   1.91
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>
[ARTICLE] 6
[CIK] 0000916006
[NAME] BRIDGEWAY FUND, INC.
[SERIES]
   [NUMBER] 2
   [NAME] AGGRESSIVE GROWTH PORTFOLIO
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          DEC-31-1995
[PERIOD-END]                               JUN-30-1996
[INVESTMENTS-AT-COST]                           528490
[INVESTMENTS-AT-VALUE]                          628186
[RECEIVABLES]                                    34944
[ASSETS-OTHER]                                   45654
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                                  708784
[PAYABLE-FOR-SECURITIES]                         31039
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                        31610
[TOTAL-LIABILITIES]                              62649
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                        551729
[SHARES-COMMON-STOCK]                            48056
[SHARES-COMMON-PRIOR]                            23596
[ACCUMULATED-NII-CURRENT]                       (5138)
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                          (152)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                         99696
[NET-ASSETS]                                    646135
[DIVIDEND-INCOME]                                 1012
[INTEREST-INCOME]                                  986
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                    4626
[NET-INVESTMENT-INCOME]                         (2628)
[REALIZED-GAINS-CURRENT]                          4339
[APPREC-INCREASE-CURRENT]                        67351
[NET-CHANGE-FROM-OPS]                            69062
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                          4442
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                          25274
[NUMBER-OF-SHARES-REDEEMED]                       1136
[SHARES-REINVESTED]                                322
[NET-CHANGE-IN-ASSETS]                          369863
[ACCUMULATED-NII-PRIOR]                          (366)
[ACCUMULATED-GAINS-PRIOR]                       (2193)
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                             1919
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                  15154
[AVERAGE-NET-ASSETS]                            477510
[PER-SHARE-NAV-BEGIN]                            11.71
[PER-SHARE-NII]                                  (.03)
[PER-SHARE-GAIN-APPREC]                           1.86
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                          .09
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              13.45
[EXPENSE-RATIO]                                   1.92
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>
[ARTICLE] 6
[CIK] 0000916006
[NAME] BRIDGEWAY FUND, INC.
[SERIES]
   [NUMBER] 3
   [NAME] SOCIAL RESPONSIBILITY PORTFOLIO
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          DEC-31-1995
[PERIOD-END]                               JUN-30-1996
[INVESTMENTS-AT-COST]                           173267
[INVESTMENTS-AT-VALUE]                          193815
[RECEIVABLES]                                     9254
[ASSETS-OTHER]                                   20570
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                                  223639
[PAYABLE-FOR-SECURITIES]                          7853
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                        19513
[TOTAL-LIABILITIES]                              27366
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                        176883
[SHARES-COMMON-STOCK]                            15225
[SHARES-COMMON-PRIOR]                             5551
[ACCUMULATED-NII-CURRENT]                           83
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                         (1241)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                         20548
[NET-ASSETS]                                    196273
[DIVIDEND-INCOME]                                  739
[INTEREST-INCOME]                                  398
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                    1105
[NET-INVESTMENT-INCOME]                             32
[REALIZED-GAINS-CURRENT]                         (239)
[APPREC-INCREASE-CURRENT]                        13643
[NET-CHANGE-FROM-OPS]                            13436
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                          297
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                          10584
[NUMBER-OF-SHARES-REDEEMED]                        933
[SHARES-REINVESTED]                                 23
[NET-CHANGE-IN-ASSETS]                          131852
[ACCUMULATED-NII-PRIOR]                            349
[ACCUMULATED-GAINS-PRIOR]                        (854)
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                              506
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                  13741
[AVERAGE-NET-ASSETS]                            139061
[PER-SHARE-NAV-BEGIN]                            11.61
[PER-SHARE-NII]                                  (.03)
[PER-SHARE-GAIN-APPREC]                           1.33
[PER-SHARE-DIVIDEND]                             (.02)
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              12.89
[EXPENSE-RATIO]                                   1.52
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>


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