FIRSTHAND FUNDS
NSAR-A, 1999-08-20
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<PAGE>      PAGE  1
000 A000000 06/30/99
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SIGNATURE   TINA D. HOSKING
TITLE       SECRETARY

<TABLE> <S> <C>

<ARTICLE>                     6
<SERIES>
     <NUMBER>                 1
     <NAME>                   FIRSTHAND FUNDS - THE TECHNOLOGY VALUE FUND

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<PAID-IN-CAPITAL-COMMON>                   220,830,288
<SHARES-COMMON-STOCK>                        6,058,214
<SHARES-COMMON-PRIOR>                        5,524,987
<ACCUMULATED-NII-CURRENT>                   (1,622,846)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     22,637,917
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    84,045,545
<NET-ASSETS>                               325,890,904
<DIVIDEND-INCOME>                              140,294
<INTEREST-INCOME>                              136,611
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,899,751
<NET-INVESTMENT-INCOME>                     (1,622,846)
<REALIZED-GAINS-CURRENT>                    26,810,891
<APPREC-INCREASE-CURRENT>                   79,724,456
<NET-CHANGE-FROM-OPS>                      104,912,501
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                      4,958,300
<NUMBER-OF-SHARES-REDEEMED>                  4,425,073
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     147,759,807
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   (4,172,974)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,464,218
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,899,751
<AVERAGE-NET-ASSETS>                       197,693,732
<PER-SHARE-NAV-BEGIN>                            32.24
<PER-SHARE-NII>                                   (.27)
<PER-SHARE-GAIN-APPREC>                          21.82
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              53.79
<EXPENSE-RATIO>                                   1.94


</TABLE>

<TABLE> <S> <C>

<ARTICLE>                     6
<SERIES>
     <NUMBER>                 2
     <NAME>                   FIRSTHAND FUNDS - THE MEDICAL SPECIALISTS FUND

<S>                           <C>
<PERIOD-TYPE>                 6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                        4,460,601
<INVESTMENTS-AT-VALUE>                       5,003,362
<RECEIVABLES>                                1,158,924
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               6,162,286
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       10,326
<TOTAL-LIABILITIES>                             10,326
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     5,360,682
<SHARES-COMMON-STOCK>                          512,542
<SHARES-COMMON-PRIOR>                          465,004
<ACCUMULATED-NII-CURRENT>                      (41,647)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        290,164
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       542,761
<NET-ASSETS>                                 6,151,960
<DIVIDEND-INCOME>                                7,626
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  49,273
<NET-INVESTMENT-INCOME>                        (41,647)
<REALIZED-GAINS-CURRENT>                       756,989
<APPREC-INCREASE-CURRENT>                      159,673
<NET-CHANGE-FROM-OPS>                          875,015
<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                        549,062
<NUMBER-OF-SHARES-REDEEMED>                    501,524
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       1,662,042
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (466,825)
<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 49,273
<AVERAGE-NET-ASSETS>                         5,105,871
<PER-SHARE-NAV-BEGIN>                             9.66
<PER-SHARE-NII>                                   (.08)
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<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.00
<EXPENSE-RATIO>                                   1.95


</TABLE>

<TABLE> <S> <C>

<ARTICLE>                     6
<SERIES>
     <NUMBER>                 3
     <NAME>                   FIRSTHAND FUNDS - THE TECHNOLOGY LEADERS FUND

<S>                           <C>
<PERIOD-TYPE>                 6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                       66,180,868
<INVESTMENTS-AT-VALUE>                      96,493,139
<RECEIVABLES>                                3,509,179
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             100,002,318
<PAYABLE-FOR-SECURITIES>                     3,308,380
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      430,446
<TOTAL-LIABILITIES>                          3,738,826
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    61,992,274
<SHARES-COMMON-STOCK>                        3,651,062
<SHARES-COMMON-PRIOR>                        2,387,362
<ACCUMULATED-NII-CURRENT>                     (436,274)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      4,395,221
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    30,312,271
<NET-ASSETS>                                96,263,492
<DIVIDEND-INCOME>                               50,911
<INTEREST-INCOME>                               79,566
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 566,751
<NET-INVESTMENT-INCOME>                       (436,274)
<REALIZED-GAINS-CURRENT>                     3,689,491
<APPREC-INCREASE-CURRENT>                   19,195,545
<NET-CHANGE-FROM-OPS>                       22,448,762
<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-SOLD>                      2,963,245
<NUMBER-OF-SHARES-REDEEMED>                  1,699,545
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      53,428,771
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      705,730
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          435,962
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                566,751
<AVERAGE-NET-ASSETS>                        58,890,989
<PER-SHARE-NAV-BEGIN>                            17.94
<PER-SHARE-NII>                                   (.12)
<PER-SHARE-GAIN-APPREC>                           8.55
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              26.37
<EXPENSE-RATIO>                                   1.94


</TABLE>

<TABLE> <S> <C>

<ARTICLE>                     6
<SERIES>
     <NUMBER>                 4
     <NAME>                   FIRSTHAND FUNDS - THE TECHNOLOGY INNOVATORS FUND

<S>                           <C>
<PERIOD-TYPE>                 6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                       43,506,865
<INVESTMENTS-AT-VALUE>                      51,046,586
<RECEIVABLES>                                3,610,842
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              54,657,428
<PAYABLE-FOR-SECURITIES>                     4,405,597
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       46,784
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    39,529,127
<SHARES-COMMON-STOCK>                        1,790,371
<SHARES-COMMON-PRIOR>                          405,301
<ACCUMULATED-NII-CURRENT>                      (78,441)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      3,214,640
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     7,539,721
<NET-ASSETS>                                50,205,047
<DIVIDEND-INCOME>                               66,950
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 145,391
<NET-INVESTMENT-INCOME>                        (78,441)
<REALIZED-GAINS-CURRENT>                     3,070,183
<APPREC-INCREASE-CURRENT>                    6,576,675
<NET-CHANGE-FROM-OPS>                        9,568,417
<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,711,663
<NUMBER-OF-SHARES-REDEEMED>                  1,326,593
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      43,715,948
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      144,457
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          111,839
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                145,391
<AVERAGE-NET-ASSETS>                        15,273,776
<PER-SHARE-NAV-BEGIN>                            16.01
<PER-SHARE-NII>                                   (.04)
<PER-SHARE-GAIN-APPREC>                          12.07
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              28.04
<EXPENSE-RATIO>                                   1.92


</TABLE>


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