<PAGE> PAGE 1
000 A000000 12/31/97
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 PRICE WATERHOUSE 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 GIROCREDIT BANK AKTIENGESELLSCHAFT DER SPARKA
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 BANK
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
015 B00AA15 S
015 C01AA15 NICOSIA
015 D01AA15 CYPRUS
015 E04AA15 X
015 A00AA16 CESKOSLOVENSKA OBCHODNI
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 NA
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 A00AA36 THE SUMITOMO TRUST & BANKING CO. LTD.
015 B00AA36 S
015 C01AA36 TOKYO
015 D01AA36 JAPAN
015 E04AA36 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
<PAGE> PAGE 6
015 A00AA39 SEOULBANK
015 B00AA39 S
015 C01AA39 SEOUL
015 D01AA39 REPUBLIC OF KOREA
015 E04AA39 X
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
<PAGE> PAGE 7
015 B00AA49 S
015 C01AA49 KARACHI
015 D01AA49 PAKISTAN
015 E04AA49 X
015 A00AA50 CITIBANK, NA
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, ZURICH-CSFB MOSCO
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
<PAGE> PAGE 8
015 C01AA59 COLUMBO
015 D01AA59 SRI LANKA
015 E04AA59 X
015 A00AA60 BARCLAYS BANK OF SWAZILAND LTD
015 B00AA60 S
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
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
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 URAGUAY
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
<PAGE> PAGE 9
015 D01AA69 ZAMBIA
015 E04AA69 X
015 A00AA70 BARCLAYS BANK OF ZIMBABWE LTD
015 B00AA70 S
015 C01AA70 HARARE
015 D01AA70 ZIMBABWE
015 E04AA70 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 GOLDMAN SACHS
020 C000001 153
020 A000002 MERRILL LYNCH
020 B000002 13-5674085
020 C000002 100
020 A000003 HANDELSBANKEN EQUITIES
020 B000003 11-3257438
020 C000003 96
020 A000004 JAMES CAPEL AND COMPANY
020 B000004 52-1488224
020 C000004 89
020 A000005 UBS LIMITED
020 C000005 63
020 A000006 SBC WARBURG SECURITIES
020 B000006 13-3498485
020 C000006 63
020 A000007 INSTINET
020 C000007 61
020 A000008 BZW SECURITIES
020 C000008 60
020 A000009 ALFRED BERG
020 B000009 13-3831200
020 C000009 59
020 A000010 AHORRO CORPORATION FINANCIERA
020 C000010 54
021 000000 1687
022 A000001 STATE STREET BANK & TRUST
022 B000001 04-1867445
022 C000001 2831364
022 D000001 0
022 A000002 ALEX BROWN
022 B000002 52-1319768
022 C000002 15289
022 D000002 15312
022 A000003 MERRILL LYNCH
022 B000003 13-5674085
022 C000003 15475
022 D000003 3356
022 A000004 DONALDSON LUFKIN AND JENRETTE
022 C000004 14077
022 D000004 3836
<PAGE> PAGE 10
022 A000005 BEAR STEARNS
022 B000005 13-3299429
022 C000005 12846
022 D000005 4880
022 A000006 MONTGOMERY SECURITIES
022 B000006 94-1701676
022 C000006 11515
022 D000006 5314
022 A000007 JEFFRIES & COMPANY
022 B000007 95-2622900
022 C000007 9667
022 D000007 6846
022 A000008 ROBERT W. BAIRD
022 B000008 39-6037917
022 C000008 7215
022 D000008 4312
022 A000009 MORGAN STANLEY
022 B000009 13-2655998
022 C000009 10584
022 D000009 433
022 A000010 WHEAT FIRST
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022 D000010 6762
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026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
042 A00AA00 0
<PAGE> PAGE 11
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
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045 00AA00 Y
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048 J01AA00 0
048 J02AA00 0.000
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054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
058 A00AA00 N
<PAGE> PAGE 12
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
062 A00AA00 N
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062 E00AA00 0.0
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077 A000000 Y
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083 A00AA00 N
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084 A00AA00 N
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085 A00AA00 Y
085 B00AA00 N
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086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
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<PAGE> PAGE 13
024 000100 N
025 D000101 0
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049 000100 N
050 000100 N
051 000100 N
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056 000100 Y
057 000100 N
066 A000100 Y
066 B000100 N
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<PAGE> PAGE 14
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
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070 K010100 Y
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070 O010100 Y
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070 R010100 Y
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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049 000200 N
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<PAGE> PAGE 18
070 L020200 Y
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070 M020200 Y
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070 N020200 N
070 O010200 Y
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070 Q020200 N
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072 E000200 0
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<PAGE> PAGE 19
073 A020200 0.2194
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024 000300 N
025 D000301 0
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<PAGE> PAGE 20
028 B030300 0
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028 G040300 800
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049 000300 N
050 000300 N
051 000300 N
052 000300 N
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055 A000300 N
055 B000300 N
056 000300 Y
057 000300 N
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 Y
066 E000300 N
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
<PAGE> PAGE 21
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 Y
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
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070 Q020300 N
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070 R020300 N
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<PAGE> PAGE 22
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073 A020300 0.0000
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<PAGE> PAGE 23
076 000300 0.00
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049 000400 N
050 000400 N
051 000400 N
052 000400 N
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055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
066 A000400 Y
066 B000400 N
<PAGE> PAGE 24
066 C000400 N
066 D000400 Y
066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
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070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 Y
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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SIGNATURE GREGORY K. RAMIREZ
TITLE CONTROLLER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the December
31, 1997 Semi Annual Report and Form N-SAR and is qualified in its entirety by
references to such documents.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> ARTISAN SMALL CAP FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 259353285
<INVESTMENTS-AT-VALUE> 292745223
<RECEIVABLES> 1521542
<ASSETS-OTHER> 31678
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 294298443
<PAYABLE-FOR-SECURITIES> 1688507
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 170387
<TOTAL-LIABILITIES> 1858894
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 247666867
<SHARES-COMMON-STOCK> 20668040
<SHARES-COMMON-PRIOR> 17722769
<ACCUMULATED-NII-CURRENT> (934010)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12314754
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 33391938
<NET-ASSETS> 292439549
<DIVIDEND-INCOME> 568174
<INTEREST-INCOME> 377460
<OTHER-INCOME> 0
<EXPENSES-NET> 1879644
<NET-INVESTMENT-INCOME> (934010)
<REALIZED-GAINS-CURRENT> 31607478
<APPREC-INCREASE-CURRENT> (2403386)
<NET-CHANGE-FROM-OPS> 28270082
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 45781748
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1241832
<NUMBER-OF-SHARES-REDEEMED> 1421683
<SHARES-REINVESTED> 3125122
<NET-CHANGE-IN-ASSETS> 24619661
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 26489024
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1456118
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1879644
<AVERAGE-NET-ASSETS> 288885059
<PER-SHARE-NAV-BEGIN> 15.11
<PER-SHARE-NII> (0.05)
<PER-SHARE-GAIN-APPREC> 1.67
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 2.58
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.15
<EXPENSE-RATIO> 1.29
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the December 31, 1997
Semi-Annual Report and Form N-SAR and is qualified in its entirety by reference
to such documents.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> ARTISAN INTERNATIONAL FUND - INTERNATIONAL SHARES
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 321964002
<INVESTMENTS-AT-VALUE> 321757247
<RECEIVABLES> 2356818
<ASSETS-OTHER> 22190
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 324136255
<PAYABLE-FOR-SECURITIES> 1414553
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 208802
<TOTAL-LIABILITIES> 1623355
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 327105363
<SHARES-COMMON-STOCK> 21717177
<SHARES-COMMON-PRIOR> 31015095
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 3158028
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 1216793
<ACCUM-APPREC-OR-DEPREC> (217642)
<NET-ASSETS> 322512900
<DIVIDEND-INCOME> 1755141
<INTEREST-INCOME> 136712
<OTHER-INCOME> 0
<EXPENSES-NET> 2768921
<NET-INVESTMENT-INCOME> (877068)
<REALIZED-GAINS-CURRENT> 15655821
<APPREC-INCREASE-CURRENT> (34155160)
<NET-CHANGE-FROM-OPS> (19376407)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4035316
<DISTRIBUTIONS-OF-GAINS> 23067732
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4323030
<NUMBER-OF-SHARES-REDEEMED> 15696020
<SHARES-REINVESTED> 2075078
<NET-CHANGE-IN-ASSETS> (134869268)
<ACCUMULATED-NII-PRIOR> 2577725
<ACCUMULATED-GAINS-PRIOR> 10432054
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1995259
<INTEREST-EXPENSE> 12491
<GROSS-EXPENSE> 2768921
<AVERAGE-NET-ASSETS> 342229712
<PER-SHARE-NAV-BEGIN> 14.48
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> (0.66)
<PER-SHARE-DIVIDEND> 0.20
<PER-SHARE-DISTRIBUTIONS> 1.13
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.46
<EXPENSE-RATIO> 1.42
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the December
31, 1997 Semi Annual Report and Form N-SAR and is qualified in its entirety by
references to such documents.
</LEGEND>
<SERIES>
<NUMBER> 21
<NAME> ARTISAN INTERNATIONAL FUND INSTITUTIONAL SHARES
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 321964002
<INVESTMENTS-AT-VALUE> 321757247
<RECEIVABLES> 2356818
<ASSETS-OTHER> 22190
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 324136255
<PAYABLE-FOR-SECURITIES> 1414553
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 208802
<TOTAL-LIABILITIES> 1623355
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 327105363
<SHARES-COMMON-STOCK> 4168830
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 3158028
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 1216793
<ACCUM-APPREC-OR-DEPREC> (217642)
<NET-ASSETS> 322512900
<DIVIDEND-INCOME> 1755141
<INTEREST-INCOME> 136712
<OTHER-INCOME> 0
<EXPENSES-NET> 2768921
<NET-INVESTMENT-INCOME> (877068)
<REALIZED-GAINS-CURRENT> 15655821
<APPREC-INCREASE-CURRENT> (34155160)
<NET-CHANGE-FROM-OPS> (19376407)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 823369
<DISTRIBUTIONS-OF-GAINS> 4236936
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3943694
<NUMBER-OF-SHARES-REDEEMED> 158761
<SHARES-REINVESTED> 383897
<NET-CHANGE-IN-ASSETS> 59741858
<ACCUMULATED-NII-PRIOR> 2577725
<ACCUMULATED-GAINS-PRIOR> 10432054
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1995259
<INTEREST-EXPENSE> 12491
<GROSS-EXPENSE> 2768921
<AVERAGE-NET-ASSETS> 52502410
<PER-SHARE-NAV-BEGIN> 14.48
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> (0.66)
<PER-SHARE-DIVIDEND> 0.22
<PER-SHARE-DISTRIBUTIONS> 1.13
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.45
<EXPENSE-RATIO> 1.21
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the December
31, 1997 Semi Annual Report and Form N-SAR and is qualified in its entirety by
references to such documents.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> ARTISAN MID CAP FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 9092933
<INVESTMENTS-AT-VALUE> 9767816
<RECEIVABLES> 176482
<ASSETS-OTHER> 34813
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9979111
<PAYABLE-FOR-SECURITIES> 170217
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 116404
<TOTAL-LIABILITIES> 286621
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8986969
<SHARES-COMMON-STOCK> 806700
<SHARES-COMMON-PRIOR> 181348
<ACCUMULATED-NII-CURRENT> (16792)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 47430
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 674883
<NET-ASSETS> 9692490
<DIVIDEND-INCOME> 38012
<INTEREST-INCOME> 18937
<OTHER-INCOME> 0
<EXPENSES-NET> 142449
<NET-INVESTMENT-INCOME> (16792)
<REALIZED-GAINS-CURRENT> 633389
<APPREC-INCREASE-CURRENT> 674883
<NET-CHANGE-FROM-OPS> 1291480
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 585959
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 645938
<NUMBER-OF-SHARES-REDEEMED> 66508
<SHARES-REINVESTED> 45922
<NET-CHANGE-IN-ASSETS> 7879013
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 36871
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 142449
<AVERAGE-NET-ASSETS> 7359837
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 2.82
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.79
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.01
<EXPENSE-RATIO> 2.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the December
31, 1997 Semi Annual Report and Form N-SAR and is qualified in its entirety by
references to such documents.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> ARTISAN SMALL CAP VALUE FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> SEP-29-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 26764759
<INVESTMENTS-AT-VALUE> 27400569
<RECEIVABLES> 124522
<ASSETS-OTHER> 46630
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 27571721
<PAYABLE-FOR-SECURITIES> 93685
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 88871
<TOTAL-LIABILITIES> 182556
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 26652503
<SHARES-COMMON-STOCK> 2656362
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (7080)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 107932
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 635810
<NET-ASSETS> 27389165
<DIVIDEND-INCOME> 68795
<INTEREST-INCOME> 40702
<OTHER-INCOME> 0
<EXPENSES-NET> 116577
<NET-INVESTMENT-INCOME> (7080)
<REALIZED-GAINS-CURRENT> 107932
<APPREC-INCREASE-CURRENT> 635810
<NET-CHANGE-FROM-OPS> 736662
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2993974
<NUMBER-OF-SHARES-REDEEMED> 337612
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 27389165
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 61064
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 125633
<AVERAGE-NET-ASSETS> 23936095
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 0.32
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.31
<EXPENSE-RATIO> 1.93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
FORM N-SAR
ARTISAN FUNDS, INC.
FILE NUMBER 811-08932
REGISTRANT CIK NUMBER 0000935015
ITEM NUMBER 77I
Beginning July 1, 1997 the Artisan International Fund, Inc.
a series of the Registrant) began issuing shares
of the class Artisan International Fund - Institutional
Shares, $0.01 par value.
