<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000932471
<NAME> VANGUARD HORIZON FUNDS
<SERIES>
<NUMBER> 03
<NAME> GLOBAL ASSET ALLOCATION FUND
<MULTIPLIER> 1000
<CURRENCY> US
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> NOV-01-1999
<PERIOD-END> APR-30-2000
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 121255
<INVESTMENTS-AT-VALUE> 121269
<RECEIVABLES> 1606
<ASSETS-OTHER> 21
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 122896
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15065
<TOTAL-LIABILITIES> 15065
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 103458
<SHARES-COMMON-STOCK> 9874
<SHARES-COMMON-PRIOR> 8557
<ACCUMULATED-NII-CURRENT> 767
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3526
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 80
<NET-ASSETS> 107831
<DIVIDEND-INCOME> 17
<INTEREST-INCOME> 2873
<OTHER-INCOME> 9
<EXPENSES-NET> 295
<NET-INVESTMENT-INCOME> 2604
<REALIZED-GAINS-CURRENT> 3342
<APPREC-INCREASE-CURRENT> (609)
<NET-CHANGE-FROM-OPS> 5337
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4523
<DISTRIBUTIONS-OF-GAINS> 6349
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1239
<NUMBER-OF-SHARES-REDEEMED> 911
<SHARES-REINVESTED> 989
<NET-CHANGE-IN-ASSETS> 8693
<ACCUMULATED-NII-PRIOR> 2989
<ACCUMULATED-GAINS-PRIOR> 6230
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 210
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 295
<AVERAGE-NET-ASSETS> 103991
<PER-SHARE-NAV-BEGIN> 11.59
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> 0.30
<PER-SHARE-DIVIDEND> 0.52
<PER-SHARE-DISTRIBUTIONS> 0.73
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.92
<EXPENSE-RATIO> 0.57
</TABLE>
