<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000093716
<NAME> STATE FARM BALANCED FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-2000
<PERIOD-END> MAY-31-2000
<INVESTMENTS-AT-COST> 549947482
<INVESTMENTS-AT-VALUE> 1003477407
<RECEIVABLES> 4878806
<ASSETS-OTHER> 21640
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1008377853
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1503853
<TOTAL-LIABILITIES> 1503853
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 532299085
<SHARES-COMMON-STOCK> 18336089
<SHARES-COMMON-PRIOR> 18766813
<ACCUMULATED-NII-CURRENT> 25522664
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4477674)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 453529925
<NET-ASSETS> 1006874000
<DIVIDEND-INCOME> 4382780<F1>
<INTEREST-INCOME> 10337731
<OTHER-INCOME> 0
<EXPENSES-NET> 642354
<NET-INVESTMENT-INCOME> 14078157
<REALIZED-GAINS-CURRENT> (4477674)
<APPREC-INCREASE-CURRENT> 55320709
<NET-CHANGE-FROM-OPS> 64921192
<EQUALIZATION> (229308)
<DISTRIBUTIONS-OF-INCOME> (14964559)<F2>
<DISTRIBUTIONS-OF-GAINS> (10500732)<F3>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2367955
<NUMBER-OF-SHARES-REDEEMED> 3266495
<SHARES-REINVESTED> 467816
<NET-CHANGE-IN-ASSETS> 16150098
<ACCUMULATED-NII-PRIOR> 26295808
<ACCUMULATED-GAINS-PRIOR> 10843298
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 574535
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 642354
<AVERAGE-NET-ASSETS> 1000294241
<PER-SHARE-NAV-BEGIN> 52.79
<PER-SHARE-NII> .78
<PER-SHARE-GAIN-APPREC> 2.70
<PER-SHARE-DIVIDEND> (.79)
<PER-SHARE-DISTRIBUTIONS> (.57)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 54.91
<EXPENSE-RATIO> .13
<FN>
<F1>Net of foreign withholding taxes of $73,569
<F2>Per share of $.79
<F3>Per share of $.57
</FN>
</TABLE>
