VANGUARD HORIZON FUND INC
NSAR-B, 1997-12-18
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<PAGE>      PAGE  1
000 B000000 10/31/97
000 C000000 0000932471
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 HORIZON FUND, INC.
001 B000000 811-7239
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  4
007 C010100  1
007 C020100 AGGRESSIVE GROWTH PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 CAPITAL OPPORTUNITY PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 GLOBAL ASSET ALLOCATION PORTFOLIO
007 C030300 N
007 C010400  4
007 C020400 GLOBAL EQUITY PORTFOLIO
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
014 A00AA01 VANGUARD MARKETING CORPORATION
014 B00AA01 8-21570
020 A000001 INSTINET CORPORATION
020 B000001 13-3443395
020 C000001    112
020 A000002 INVESTMENT TECHNOLOGY GROUP, INC.
020 B000002 95-4339369
020 C000002     70
020 A000003 PAINEWEBBER INCORPORATED
020 B000003 13-2638166
020 C000003     68
<PAGE>      PAGE  2
020 A000004 BEAR, STEARNS & CO., INC.
020 B000004 13-3299429
020 C000004     61
020 A000005 SALOMON BROTHERS INC.
020 B000005 13-3082694
020 C000005     56
020 A000006 CANTOR FITZGERALD & CO.
020 B000006 13-3680184
020 C000006     53
020 A000007 SMITH BARNEY INC.
020 B000007 13-1912900
020 C000007     31
020 A000008 WEEDEN & CO. L.P.
020 B000008 13-3364318
020 C000008     29
020 A000009 FIDELITY CAPITAL MARKETS (DIVISION OF NFSC)
020 B000009 04-2785576
020 C000009     27
020 A000010 CREDIT SUISSE FIRST BOSTON CORPORATION
020 B000010 13-5659485
020 C000010     19
021  000000      926
022 A000001 THE VANGUARD GROUP, INC./POOLED CASH ACCT.
022 B000001 23-1945930
022 C000001    403381
022 D000001    396521
022 A000002 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000002 13-5674085
022 C000002     61306
022 D000002     33044
022 A000003 MERRILL LYNCH PIERCE FENNER & SMITH-LONDON
022 C000003     25532
022 D000003     25281
022 A000004 GREENWICH CAPITAL MARKETS, INC.
022 B000004 13-3172275
022 C000004     15690
022 D000004     19885
022 A000005 SMITH BARNEY INC.
022 B000005 13-1912900
022 C000005     11808
022 D000005     21313
022 A000006 MORGAN STANLEY & CO., INC.
022 B000006 13-2655998
022 C000006     16926
022 D000006     15211
022 A000007 GOLDMAN SACHS & CO.
022 B000007 13-5108880
022 C000007      7420
022 D000007     24449
022 A000008 GOLDMAN SACHS INTERNATIONAL/LONDON
022 C000008     13416
<PAGE>      PAGE  3
022 D000008      8960
022 A000009 ALLEN & COMPANY INCORPORATED
022 B000009 13-6176976
022 C000009     14279
022 D000009      7712
022 A000010 ROBERTSON, STEPHENS & COMPANY, LLC
022 B000010 94-2524501
022 C000010      6765
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080 A00AA00 ICI MUTUAL INSURANCE COMPANY
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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015 A000301 MORGAN STANLEY TRUST COMPANY
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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SIGNATURE   GARY P. SOURA                                
TITLE       MANAGER             
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000932471
<NAME> VANGUARD HORIZON FUND, INC.
<SERIES>
   <NUMBER> 01
   <NAME> AGGRESSIVE GROWTH PORTFOLIO
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