<PAGE> PAGE 1
000 B000000 06/30/98
000 C000000 0000935015
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 ARTISAN FUNDS, INC.
001 B000000 811-08932
001 C000000 4143906100
002 A000000 1000 N. WATER ST., SUITE 1770
002 B000000 MILWAUKEE
002 C000000 WI
002 D010000 53202
002 D020000 3197
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 ARTISAN SMALL CAP FUND
007 C030100 N
007 C010200 2
007 C020200 ARTISAN INTERNATIONAL FUND
007 C030200 N
007 C010300 3
007 C020300 ARTISAN MID CAP FUND
007 C030300 N
007 C010400 4
007 C020400 ARTISAN SMALL CAP VALUE FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 ARTISAN PARTNERS LIMITED PARTNERSHIP
008 B00AA01 A
008 C00AA01 801-48435
008 D01AA01 MILWAUKEE
008 D02AA01 WI
008 D03AA01 53202
008 D04AA01 3197
010 A00AA01 ARTISAN PARTNERS, L.P.
010 B00AA01 801-48435
010 C01AA01 MILWAUKEE
<PAGE> PAGE 2
010 C02AA01 WI
010 C03AA01 53202
010 C04AA01 3197
012 A00AA01 BOSTON FINANCIAL DATA SERVICES
012 B00AA01 84-0000
012 C01AA01 NORTH QUINCY
012 C02AA01 MA
012 C03AA01 02171
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 MILWAUKEE
013 B02AA01 WI
013 B03AA01 53202
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02105
015 C04AA01 1713
015 E01AA01 X
015 A00AA02 CITIBANK, NA
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
015 A00AA03 WESTPAC BANKING CORPORATION
015 B00AA03 S
015 C01AA03 SYDNEY
015 D01AA03 AUSTRALIA
015 E04AA03 X
015 A00AA04 ERSTE BANK DER OESTERREICHISCHEN SPARKASSENAG
015 B00AA04 S
015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
015 E04AA04 X
015 A00AA05 BRITISH BANK OF MIDDLE EAST DELEGATE OF HSBC
015 B00AA05 S
015 C01AA05 BAHRAIN
015 D01AA05 BAHRAIN
015 E04AA05 X
015 A00AA06 STANDARD CHARTERED BANK
015 B00AA06 S
015 C01AA06 DHAKA
015 D01AA06 BANGLADESH
015 E04AA06 X
015 A00AA07 GENERALE DE BANQUE
015 B00AA07 S
015 C01AA07 BRUSSELS
015 D01AA07 BELGIUM
015 E04AA07 X
015 A00AA08 THE BANK OF BERMUDA LIMITED
015 B00AA08 S
<PAGE> PAGE 3
015 C01AA08 HAMILTON
015 D01AA08 BERMUDA
015 E04AA08 X
015 A00AA09 BARCLAYS BANK OF BOTSWANA LIMITED
015 B00AA09 S
015 C01AA09 GABARONE
015 D01AA09 BOTSWANA
015 E04AA09 X
015 A00AA10 CITIBANK, N.A.
015 B00AA10 S
015 C01AA10 SAO PAULO
015 D01AA10 BRAZIL
015 E04AA10 X
015 A00AA11 CANADA TRUSTCO MORTGAGE COMPANY
015 B00AA11 S
015 C01AA11 TORONTO
015 D01AA11 CANADA
015 E04AA11 X
015 A00AA12 CITIBANK NA
015 B00AA12 S
015 C01AA12 SANTIAGO
015 D01AA12 CHILE
015 E04AA12 X
015 A00AA13 THE HONG KONG AND SHANGHAI BANKING CORP LTD
015 B00AA13 S
015 C01AA13 SHANGHAI, SHENZEN
015 D01AA13 CHINA
015 E04AA13 X
015 A00AA14 CITITRUST COLUMBIA, S.A. SOCIEDAD FIDUCIARIA
015 B00AA14 S
015 C01AA14 BOGATA
015 D01AA14 COLUMBIA
015 E04AA14 X
015 A00AA15 BARCLAYS BANK PLC CYPRUS OFFSHORE BANKING UNT
015 B00AA15 S
015 C01AA15 NICOSIA
015 D01AA15 CYPRUS
015 E04AA15 X
015 A00AA16 CESKOSLOVENSKA OBCHODNI BANK, A.S.
015 B00AA16 S
015 C01AA16 PRAGUE
015 D01AA16 CZECH REPUBLIC
015 E04AA16 X
015 A00AA17 DEN DANSKE BANK
015 B00AA17 S
015 C01AA17 COPENHAGEN
015 D01AA17 DENMARK
015 E04AA17 X
015 A00AA18 CITIBANK, N.A.
015 B00AA18 S
015 C01AA18 QUITO
<PAGE> PAGE 4
015 D01AA18 ECUADOR
015 E04AA18 X
015 A00AA19 NATIONAL BANK OF EGYPT
015 B00AA19 S
015 C01AA19 CAIRO
015 D01AA19 EGYPT
015 E04AA19 X
015 A00AA20 MERITA BANK LIMITED
015 B00AA20 S
015 C01AA20 HELSINKI
015 D01AA20 FINLAND
015 E04AA20 X
015 A00AA21 BANQUE PARIBAS
015 B00AA21 S
015 C01AA21 PARIS
015 D01AA21 FRANCE
015 E04AA21 X
015 A00AA22 DRESDNER BANK AG
015 B00AA22 S
015 C01AA22 FRANKFURT
015 D01AA22 GERMANY
015 E04AA22 X
015 A00AA23 BARCLAYS BANK OF GHANA LIMITED
015 B00AA23 S
015 C01AA23 ACCRA
015 D01AA23 GHANA
015 E04AA23 X
015 A00AA24 NATIONAL BANK OF GREECE SA
015 B00AA24 S
015 C01AA24 ATHENS
015 D01AA24 GREECE
015 E04AA24 X
015 A00AA25 STANDARD CHARTERED BANK
015 B00AA25 S
015 C01AA25 HONK KONG
015 D01AA25 HONG KONG
015 E04AA25 X
015 A00AA26 CITIBANK BUDAPEST RT.
015 B00AA26 S
015 C01AA26 BUDAPEST
015 D01AA26 HUNGARY
015 E04AA26 X
015 A00AA27 DEUTSCHE BANK AG
015 B00AA27 S
015 C01AA27 BOMBAY
015 D01AA27 INDIA
015 E04AA27 X
015 A00AA28 THE HONK KONG AND SHANGHAI BANKING CORP LTD
015 B00AA28 S
015 C01AA28 BOMBAY
015 D01AA28 INDIA
<PAGE> PAGE 5
015 E04AA28 X
015 A00AA29 STANDARD CHARTERED BANK
015 B00AA29 S
015 C01AA29 JAKARTA
015 D01AA29 INDONESIA
015 E04AA29 X
015 A00AA30 BANK OF IRELAND
015 B00AA30 S
015 C01AA30 DUBLIN
015 D01AA30 IRELAND
015 E04AA30 X
015 A00AA31 BANK HAPOALIM B.M.
015 B00AA31 S
015 C01AA31 TEL AVIV
015 D01AA31 ISRAEL
015 E04AA31 X
015 A00AA32 BANQUE PARIBAS
015 B00AA32 S
015 C01AA32 MILAN
015 D01AA32 ITALY
015 E04AA32 X
015 A00AA33 SOCIETE GENERALE DE BANQUES EN COTE D IVOIRE
015 B00AA33 S
015 C01AA33 ABIDJAN
015 D01AA33 IVORY COAST
015 E04AA33 X
015 A00AA34 THE DAIWA BANK, LIMITED
015 B00AA34 S
015 C01AA34 TOKYO
015 D01AA34 JAPAN
015 E04AA34 X
015 A00AA35 THE FUJI BANK, LIMITED
015 B00AA35 S
015 C01AA35 TOKYO
015 D01AA35 JAPAN
015 E04AA35 X
015 A00AA37 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA37 S
015 C01AA37 AMMAN
015 D01AA37 JORDAN
015 E04AA37 X
015 A00AA38 BARCLAYS BANK OF KENYA LIMITED
015 B00AA38 S
015 C01AA38 NAIROBI
015 D01AA38 KENYA
015 E04AA38 X
015 A00AA39 THE HONG KONG AND SHANGHAI BANKING CORP LTD
015 B00AA39 S
015 C01AA39 SEOUL
015 D01AA39 REPUBLIC OF KOREA
015 E04AA39 X
<PAGE> PAGE 6
015 A00AA40 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA40 S
015 C01AA40 BEIRUT
015 D01AA40 LEBANON
015 E04AA40 X
015 A00AA41 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B00AA41 S
015 C01AA41 KUALA LUMPUR
015 D01AA41 MALAYSIA
015 E04AA41 X
015 A00AA42 THE HONK KONG AND SHANGHAI BANKING CORP LTD
015 B00AA42 S
015 C01AA42 PORT LOUIS
015 D01AA42 MAURITIUS
015 E04AA42 X
015 A00AA43 CITIBANK MEXICO, S.A.
015 B00AA43 S
015 C01AA43 MEXICO CITY
015 D01AA43 MEXICO
015 E04AA43 X
015 A00AA44 BANQUE COMMERCIALE DU MAROC
015 B00AA44 S
015 C01AA44 CASABLANCA
015 D01AA44 MOROCCO
015 E04AA44 X
015 A00AA45 MEESPIERSON N.V.
015 B00AA45 S
015 C01AA45 AMSTERDAM
015 D01AA45 NETHERLANDS
015 E04AA45 X
015 A00AA46 ANZ BANKING GROUP NZ LTD
015 B00AA46 S
015 C01AA46 WELLINGTON
015 D01AA46 NEW ZEALAND
015 E04AA46 X
015 A00AA47 CHRISTIANIA BANK OG KREDITKASSE
015 B00AA47 S
015 C01AA47 OSLO
015 D01AA47 NORWAY
015 E04AA47 X
015 A00AA48 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA48 S
015 C01AA48 MUSCAT
015 D01AA48 OMAN
015 E04AA48 X
015 A00AA49 DEUTSCHE BANK AG
015 B00AA49 S
015 C01AA49 KARACHI
015 D01AA49 PAKISTAN
015 E04AA49 X
015 A00AA50 CITIBANK, NA
<PAGE> PAGE 7
015 B00AA50 S
015 C01AA50 LIMA
015 D01AA50 PERU
015 E04AA50 X
015 A00AA51 STANDARD CHARTERED BANK
015 B00AA51 S
015 C01AA51 MANILA
015 D01AA51 PHILIPPINES
015 E04AA51 X
015 A00AA52 CITIBANK POLAND SA
015 B00AA52 S
015 C01AA52 WARSAW
015 D01AA52 POLAND
015 E04AA52 X
015 A00AA53 BANCO COMERCIAL PORTUGUES
015 B00AA53 S
015 C01AA53 LISBON
015 D01AA53 PORTUGAL
015 E04AA53 X
015 A00AA54 CREDIT SUISSE FIRST BOSTON AO, MOSCOW
015 B00AA54 S
015 C01AA54 MOSCOW
015 D01AA54 RUSSIA
015 E04AA54 X
015 A00AA55 THE DEVELOPMENT BANK OF SINGAPORE LTD
015 B00AA55 S
015 C01AA55 SINGAPORE
015 D01AA55 SINGAPORE
015 E04AA55 X
015 A00AA56 CESKOSLOVENSKA OBCHODNA BANKA AS
015 B00AA56 S
015 C01AA56 BRATISLAVA
015 D01AA56 SLOVAK REPUBLIC
015 E04AA56 X
015 A00AA57 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B00AA57 S
015 C01AA57 JOHANNESBURG
015 D01AA57 SOUTH AFRICA
015 E04AA57 X
015 A00AA58 BANCO SANTANDER, SA
015 B00AA58 S
015 C01AA58 MADRID
015 D01AA58 SPAIN
015 E04AA58 X
015 A00AA59 THE HONK KONG AND SHANGHAI BANKING CORP LTD
015 B00AA59 S
015 C01AA59 COLUMBO
015 D01AA59 SRI LANKA
015 E04AA59 X
015 A00AA60 BARCLAYS BANK OF SWAZILAND LTD
015 B00AA60 S
<PAGE> PAGE 8
015 C01AA60 MBABANE
015 D01AA60 SWAZILAND
015 E04AA60 X
015 A00AA61 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA61 S
015 C01AA61 STOCKHOLM
015 D01AA61 SWEDEN
015 E04AA61 X
015 A00AA62 UNION BANK OF SWITZERLAND AG
015 B00AA62 S
015 C01AA62 ZURICH
015 D01AA62 SWITZERLAND
015 E04AA62 X
015 A00AA63 CENTRAL TRUST OF CHINA
015 B00AA63 S
015 C01AA63 TAIPEI
015 D01AA63 TAIWAN - ROC
015 E04AA63 X
015 A00AA64 STANDARD CHARTERED BANK
015 B00AA64 S
015 C01AA64 BANGKOK
015 D01AA64 THAILAND
015 E04AA64 X
015 A00AA65 CITIBANK NA
015 B00AA65 S
015 C01AA65 ISTANBUL
015 D01AA65 TURKEY
015 E04AA65 X
015 A00AA66 STATE STREET BANK AND TRUST COMPANY LONDON BR
015 B00AA66 S
015 C01AA66 LONDON
015 D01AA66 UNITED KINGDOM
015 E04AA66 X
015 A00AA67 CITIBANK NA
015 B00AA67 S
015 C01AA67 MONTEVIDEO
015 D01AA67 URUGUAY
015 E04AA67 X
015 A00AA68 CITIBANK, NA
015 B00AA68 S
015 C01AA68 CARACAS
015 D01AA68 VENEZUELA
015 E04AA68 X
015 A00AA69 BARCLAYS BANK OF ZAMBIA LTD
015 B00AA69 S
015 C01AA69 LUSAKA
015 D01AA69 ZAMBIA
015 E04AA69 X
015 A00AA70 BARCLAYS BANK OF ZIMBABWE LTD
015 B00AA70 S
015 C01AA70 HARARE
<PAGE> PAGE 9
015 D01AA70 ZIMBABWE
015 E04AA70 X
015 A00AA71 BANCO BOLIVIANO AMERICANO S.A.
015 B00AA71 S
015 C01AA71 LA PAZ
015 D01AA71 BOLIVIA
015 E04AA71 X
015 A00AA72 ING BANK, N.V.
015 B00AA72 S
015 C01AA72 SOFIA
015 D01AA72 BULGARIA
015 E04AA72 X
015 A00AA73 PRIVREDNA BANKA ZAGREB D.D.
015 B00AA73 S
015 C01AA73 ZAGREB
015 D01AA73 CROATIA
015 E04AA73 X
015 A00AA74 HANSABANK
015 B00AA74 S
015 C01AA74 TALLIN
015 D01AA74 ESTONIA
015 E04AA74 X
015 A00AA75 ICEBANK, LTD.
015 B00AA75 S
015 C01AA75 REYKJAVIK
015 D01AA75 ICELAND
015 E04AA75 X
015 A00AA76 SCOTIABANK JAMAICA TRUST & MERCHANT BANK LTD.
015 B00AA76 S
015 C01AA76 KINGSTON
015 D01AA76 JAMAICA
015 E04AA76 X
015 A00AA77 JSC HANSABANK-LATVIJA
015 B00AA77 S
015 C01AA77 RIJA
015 D01AA77 LATVIA
015 E04AA77 X
015 A00AA78 VILNIAUS BANKAS AB
015 B00AA78 S
015 C01AA78 VILNIUS
015 D01AA78 LITHUANIA
015 E04AA78 X
015 A00AA79 BANK POLSKA KASA OPIEKI S.A.
015 B00AA79 S
015 C01AA79 WARSAW
015 D01AA79 POLAND
015 E04AA79 X
015 A00AA80 ING BANK N.V.
015 B00AA80 S
015 C01AA80 BUCHAREST
015 D01AA80 ROMANIA
<PAGE> PAGE 10
015 E04AA80 X
015 A00AA81 BANKA CREDITANSTALT D.D.
015 B00AA81 S
015 C01AA81 LJUBLJANA
015 D01AA81 SLOVENIA
015 E04AA81 X
015 A00AA82 BANQUE INTERNATIONALE ARABE DE TUNISIE
015 B00AA82 S
015 C01AA82 TUNIS
015 D01AA82 TUNISIA
015 E04AA82 X
015 A00AA83 REPUBLIC BANK LTD
015 B00AA83 S
015 C01AA83 PORT OF SPAIN
015 D01AA83 TRINIDAD & TOBAGO
015 E04AA83 X
015 A00AA84 OTTOMAN BANK
015 B00AA84 S
015 C01AA84 ISTANBUL
015 D01AA84 TURKEY
015 E04AA84 X
018 00AA00 Y
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020 A000002 SBC WARBURG
020 B000002 13-3498485
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020 A000006 INSTINET
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020 A000007 JAMES CAPEL & CO.
020 B000007 52-1488224
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020 A000008 ALFRED BERG
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020 A000009 EXANE, INC.
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<PAGE> PAGE 11
020 A000010 KEMPEN & COMPANY
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022 A000004 ALEX BROWN
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<PAGE> PAGE 12
026 F000000 N
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
070 L010100 Y
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<PAGE> PAGE 17
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<PAGE> PAGE 19
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<PAGE> PAGE 22
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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SIGNATURE GREGORY K. RAMIREZ
TITLE CONTROLLER
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This schedule contains summary financial information extracted from the June 30,
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<LEGEND>
This schedule contains summary financial information extracted from the 6/30/98
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This schedule contains summary information extracted from the 6/30/98 Annual
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<SERIES>
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<PERIOD-END> JUN-30-1998
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</TABLE>
To the Board of Directors of Artisan Funds, Inc.
In planning and performing our audits of the financial statements of
Artisan Small Cap Fund, Artisan International Fund, Artisan Mid Cap
Fund and Artisan Small Cap Value Fund (constituting Artisan Funds,
Inc., hereafter referred to as the Funds) for the periods ended June 30,
1998, we considered its internal control, including controls over
safeguarding securities, in order to determine our auditing procedures
for the purpose of expressing our opinion on the financial statements
and to comply with the requirements of Form N-SAR, not to provide
assurance on internal control.
The management of the Funds is responsible for establishing and
maintaining internal control. In fulfilling this responsibility, estimates
and judgments by management are required to assess the expected
benefits and related costs of controls. Generally, controls that are
relevant to an audit pertain to the entitys objective of preparing
financial statements for external purposes that are fairly presented in
conformity with generally accepted accounting principles. Those
controls include the safeguarding of assets against unauthorized
acquisition, use, or disposition.
Because of inherent limitations in any internal control, errors or
irregularities may occur and may not be detected. Also, projection
of any evaluation of internal control to future periods is subject to the
risk that it may become inadequate because of changes in conditions
or that the effectiveness of the design and operation may deteriorate.
Our consideration of internal control would not necessarily disclose
all matters in internal control that might be material weaknesses
under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which
the design or operation of the specific internal control component
does not reduce to a relatively low level the risk that errors or
irregularities in amounts that would be material in relation to the
financial statements being audited may occur and not be detected
within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no
matters involving internal control, including controls over
safeguarding securities, that we consider to be material weaknesses
as defined above as of June 30, 1998.
This report is intended solely for the information and use of
management and the Securities and Exchange Commission.
PricewaterhouseCoopers LLP
Milwaukee, Wisconsin
July 30, 1998
