VANGUARD TAX MANAGED FUND INC
NSAR-A, 1997-08-21
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<PAGE>      PAGE  1
000 A000000 06/30/97
000 C000000 0000923202
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 VANGUARD TAX-MANAGED FUND, INC.
001 B000000 811-07175
001 C000000 6106691000
002 A000000 100 VANGUARD BOULEVARD
002 B000000 MALVERN
002 C000000 PA
002 D010000 19355
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 GROWTH AND INCOME PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 CAPITAL APPRECIATION PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 BALANCED PORTFOLIO
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   93
019 C00AA00 VANGUARDGR
020 A000001 INVESTMENT TECHNOLOGY GROUP, INC.
020 B000001 95-4339369
020 C000001     33
020 A000002 PAINEWEBBER INCORPORATED
020 B000002 13-2638166
020 C000002     19
020 A000003 CANTOR FITZGERALD & CO.
020 B000003 13-3680184
020 C000003     11
<PAGE>      PAGE  2
020 A000004 FAHNESTOCK & CO. INC.
020 B000004 13-5657518
020 C000004      6
020 A000005 INSTINET CORPORATION
020 B000005 13-3443395
020 C000005      6
020 A000006 BEAR, STEARNS & CO. INC.
020 B000006 13-3299429
020 C000006      4
020 A000007 SCHRODER WERTHEIM & CO. INCORPORATED
020 B000007 13-2697272
020 C000007      2
020 A000008 SMITH BARNEY INC.
020 B000008 13-1912900
020 C000008      2
020 A000009 NOMURA SECURITIES INTERNATIONAL, INC.
020 B000009 13-2642206
020 C000009      1
020 A000010 LEHMAN BROTHERS INC.
020 B000010 13-2518466
020 C000010      1
021  000000       87
022 A000001 THE VANGUARD GROUP, INC./POOLED CASH ACCT.
022 B000001 23-1945930
022 C000001    100221
022 D000001    103104
022 A000002 TROSTER SINGER
022 B000002 13-5515160
022 C000002     39119
022 D000002         0
022 A000003 VANGUARD SMALL CAPITALIZATION STOCK PORTFOLIO
022 B000003 52-0794097
022 C000003      4969
022 D000003     12569
022 A000004 INTERMEDIATE-TERM PORTFOLIO/VANGUARD MUNI BD
022 B000004 23-2471389
022 C000004      9873
022 D000004      3558
022 A000005 MONEY MARKET PORTFOLIO/VANGUARD MUNI BOND FD
022 B000005 23-2471394
022 C000005      5460
022 D000005      2251
022 A000006 BALANCED PORTFOLIO/VANGUARD TAX-MANAGED FUND
022 B000006 23-2764164
022 C000006      3971
022 D000006      2888
022 A000007 VANGUARD FLORIDA INSURED TAX-FREE FUND
022 B000007 23-2687102
022 C000007      2619
022 D000007      1624
022 A000008 VANGUARD NEW YORK INSURED TAX-FREE FUND
<PAGE>      PAGE  3
022 B000008 23-2388559
022 C000008      2041
022 D000008       760
022 A000009 INSURED LONG-TERM PORTFOLIO/VANGUARD MUNI BD
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022 C000009       870
022 D000009      1805
022 A000010 LIMITED-TERM PORTFOLIO/VANGUARD MUNI BOND FD
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<PAGE>      PAGE  7
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SIGNATURE   GARY P. SOURA                                
TITLE       MANAGER             
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000923202
<NAME> VANGUARD TAX-MANAGED FUND, INC.
<SERIES>
   <NUMBER> 01
   <NAME> GROWTH & INCOME PORTFOLIO
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<TABLE> <S> <C>

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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000923202
<NAME> VANGUARD TAX-MANAGED FUND, INC.
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   <NAME> BALANCED PORTFOLIO
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</TABLE>


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