VANGUARD HORIZON FUND INC
NSAR-A, 1997-06-25
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<PAGE>      PAGE  1
000 A000000 04/30/97
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
020 A000001 INSTINET CORPORATION
020 B000001 13-3443395
020 C000001     54
020 A000002 SALOMON BROTHERS INC.
020 B000002 13-3082694
020 C000002     34
020 A000003 BEAR, STEARNS & CO. INC.
020 B000003 13-3299429
020 C000003     26
020 A000004 INVESTMENT TECHNOLOGY GROUP, INC.
020 B000004 95-4339369
<PAGE>      PAGE  2
020 C000004     21
020 A000005 FAHNESTOCK & CO. INC.
020 B000005 13-5657518
020 C000005     17
020 A000006 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000006 13-5674085
020 C000006     12
020 A000007 NOMURA SECURITIES INTERNATIONAL, INC.
020 B000007 13-2642206
020 C000007     12
020 A000008 PAINEWEBBER INCORPORATED
020 B000008 13-2638166
020 C000008     10
020 A000009 CANTOR FITZGERALD & CO.
020 B000009 13-3680184
020 C000009     10
020 A000010 SMITH BARNEY INC.
020 B000010 13-1912900
020 C000010      8
021  000000      353
022 A000001 THE VANGUARD GROUP, INC./POOLED CASH ACCT.
022 B000001 23-1945930
022 C000001    180704
022 D000001    166452
022 A000002 MERRILL LYNCH PIERCE FENNER & SMITH-LONDON
022 C000002     22532
022 D000002     25281
022 A000003 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000003 13-5674085
022 C000003     22249
022 D000003     13672
022 A000004 GOLDMAN SACHS & CO.
022 B000004 13-5108880
022 C000004      3268
022 D000004     21646
022 A000005 VANGUARD MARKETING CORPORATION
022 B000005 13-2019846
022 C000005     24026
022 D000005         0
022 A000006 ALLEN & COMPANY INCORPORATED
022 B000006 13-6176976
022 C000006     14279
022 D000006      7712
022 A000007 SMITH BARNEY INC.
022 B000007 13-1912900
022 C000007      5516
022 D000007     15039
022 A000008 MORGAN STANLEY & CO., INC.
022 B000008 13-2655998
022 C000008     12090
022 D000008      3311
<PAGE>      PAGE  3
022 A000009 SALOMON BROTHERS INC.
022 B000009 13-3082694
022 C000009      5857
022 D000009      8864
022 A000010 HAMBRECHT & QUIST LLC
022 B000010 94-3220242
022 C000010      8767
022 D000010      4642
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  11
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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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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000932471
<NAME> VANGUARD HORIZON FUND, INC.
<SERIES>
   <NUMBER> 02
   <NAME> CAPITAL OPPORTUNITY PORTFOLIO
<MULTIPLIER> 1,000
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<S>                             <C>
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