VANGUARD TAX MANAGED FUND INC
NSAR-B, 1999-02-22
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<PAGE>      PAGE  1
000 B000000 12/31/98
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 FUNDS
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 VANGUARD TAX-MANAGED GROWTH AND INCOME FUND
007 C030100 N
007 C010200  2
007 C020200 VANGUARD TAX-MANAGED CAPITAL APPRECIATION FD
007 C030200 N
007 C010300  3
007 C020300 VANGUARD TAX-MANAGED BALANCED FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
010 A00AA01 THE VANGUARD GROUP, INC.
010 B00AA01 801-11953
010 C01AA01 MALVERN
010 C02AA01 PA
010 C03AA01 19355
012 A00AA01 THE VANGUARD GROUP, INC.
012 B00AA01 84-772
012 C01AA01 MALVERN
012 C02AA01 PA
012 C03AA01 19355
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
<PAGE>      PAGE  2
013 B03AA01 19103
014 A00AA01 VANGUARD MARKETING CORPORATION
014 B00AA01 8-21570
015 A00AA01 THE CHASE MANHATTAN BANK, N.A.
015 B00AA01 C
015 C01AA01 BROOKLYN
015 C02AA01 NY
015 C03AA01 11245
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   97
019 C00AA00 VANGUARDGR
020 A000001 INVESTMENT TECHNOLOGY GROUP, INC.
020 B000001 95-4339369
020 C000001     79
020 A000002 PAINEWEBBER INC.
020 B000002 13-2638166
020 C000002     62
020 A000003 BEAR, STEARNS & COS., INC.
020 B000003 13-3299429
020 C000003     45
020 A000004 SMITH BARNEY INC.
020 B000004 13-1912900
020 C000004     43
020 A000005 INSTINET CORP.
020 B000005 13-3443395
020 C000005     30
020 A000006 BRIDGE TRADING CO.
020 B000006 43-1450530
020 C000006     24
020 A000007 WEEDEN & COMPANY
020 B000007 13-3364318
020 C000007     14
020 A000008 MORGAN STANLEY & CO., INC.
020 B000008 13-2655998
020 C000008     11
020 A000009 CREDIT SUISSE FIRST BOSTON CORP.
020 B000009 13-5659485
020 C000009      9
020 A000010 SBC WARBURG INC.
020 B000010 13-3340045
020 C000010      8
021  000000      358
022 A000001 THE VANGUARD GROUP, INC./POOLED CASH ACCT.
022 B000001 23-1945930
022 C000001    331952
022 D000001    326265
022 A000002 TROSTER SINGER STEVENS ROTHCHILD CORP.
022 B000002 13-5515160
022 C000002     89871
<PAGE>      PAGE  3
022 D000002       456
022 A000003 VANGUARD SMALL-CAP INDEX FUND
022 B000003 52-0794097
022 C000003      8027
022 D000003     19206
022 A000004 VANGUARD TAX-EXEMPT MONEY MARKET FUND
022 B000004 23-2471394
022 C000004      9328
022 D000004     11505
022 A000005 VANGUARD FL INSURED LONG-TERM TAX-EXEMPT FUND
022 B000005 23-2687102
022 C000005      6660
022 D000005      8090
022 A000006 VANGUARD SHORT-TERM TAX-EXEMPT FUND
022 B000006 23-2022170
022 C000006      9370
022 D000006      4080
022 A000007 VANGUARD INTERMEDIATE-TERM TAX-EXEMPT FUND
022 B000007 23-2471389
022 C000007     10248
022 D000007      2993
022 A000008 BEAR, STEARNS & COS., INC.
022 B000008 13-3299429
022 C000008     12157
022 D000008        17
022 A000009 VANGUARD 500 INDEX FUND
022 B000009 23-1999755
022 C000009       466
022 D000009      9100
022 A000010 VANGUARD NY INSURED LONG-TERM TAX-EXEMPT FUND
022 B000010 23-2388559
022 C000010      3439
022 D000010      4970
023 C000000     571404
023 D000000     446596
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080 A00AA00 ICI MUTUAL INSURANCE COMPANY
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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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025 B000201 13-2655998
025 C000201 E
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<PAGE>      PAGE  10
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025 B000301 13-2655998
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SIGNATURE   GARY P. SOURA                                
TITLE       MANAGER             
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000923202
<NAME> VANGUARD TAX-MANAGED FUNDS
<SERIES>
   <NUMBER> 01
   <NAME> VANGUARD TAX-MANAGED GROWTH AND INCOME FUND
<MULTIPLIER> 1000
<CURRENCY> US
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000923202
<NAME> VANGUARD TAX-MANAGED FUNDS
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   <NUMBER> 02
   <NAME> VANGUARD TAX-MANAGED CAPITAL APPRECIATION FUND
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<CURRENCY> US
       
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