<?xml version="1.0" encoding="UTF-8" ?>
<xs:schema
xmlns:xs="http://www.w3.org/2001/XMLSchema"
xmlns:vanguard="http://vanguard/20100727"
xmlns:link="http://www.xbrl.org/2003/linkbase"
xmlns:us-types="http://xbrl.us/us-types/2009-01-31"
xmlns:xbrldt="http://xbrl.org/2005/xbrldt"
xmlns:rr="http://xbrl.sec.gov/rr/2010-02-28"
xmlns:dei="http://xbrl.us/dei/2009-01-31"
xmlns:xbrldi="http://xbrl.org/2006/xbrldi"
xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
xmlns:xbrli="http://www.xbrl.org/2003/instance"
targetNamespace="http://vanguard/20100727"
elementFormDefault="qualified"
xmlns:xlink="http://www.w3.org/1999/xlink"
xmlns:iso4217="http://www.xbrl.org/2003/iso4217">
<xs:annotation>
<xs:appinfo>
<link:linkbaseRef
xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef"
xlink:href="valleyforge-20130115_def.xml"
xlink:type="simple"
xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase"/>
<link:linkbaseRef
xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase"
xlink:type="simple"
xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef"
xlink:href="valleyforge-20130115_pre.xml"/>
<link:linkbaseRef
xlink:href="valleyforge-20130115_lab.xml"
xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef"
xlink:type="simple"
xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase"/>
<link:linkbaseRef
xlink:href="valleyforge-20130115_cal.xml"
xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef"
xlink:type="simple"
xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase"/>
<link:roleType
roleURI="http://vanguard/role/S000002560Institutional"
id="S000002560Institutional">
<link:definition>0 - Schedule -  (Vanguard Balanced Index Fund Institutional)</link:definition>
<link:usedOn>link:calculationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:presentationLink</link:usedOn></link:roleType>
<link:roleType
roleURI="http://vanguard/role/S000002560Participant"
id="S000002560Participant">
<link:definition>1 - Schedule -  (Vanguard Balanced Index Fund Participant)</link:definition>
<link:usedOn>link:calculationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:presentationLink</link:usedOn></link:roleType>
<link:roleType
roleURI="http://vanguard/role/S000002560Participant2"
id="S000002560Participant2">
<link:definition>2 - Schedule -  (Vanguard Balanced Index Fund Participant:)</link:definition>
<link:usedOn>link:calculationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:presentationLink</link:usedOn></link:roleType>
<link:roleType
roleURI="http://vanguard/role/S000002560Retail"
id="S000002560Retail">
<link:definition>3 - Schedule -  (Vanguard Balanced Index Fund Retail)</link:definition>
<link:usedOn>link:calculationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:presentationLink</link:usedOn></link:roleType>
<link:roleType
roleURI="http://vanguard/role/S000002560Signal"
id="S000002560Signal">
<link:definition>4 - Schedule -  (Vanguard Balanced Index Fund Signal)</link:definition>
<link:usedOn>link:calculationLink</link:usedOn>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:presentationLink</link:usedOn></link:roleType>
<link:roleType
roleURI="http://vanguard/role/Supplement"
id="Supplement">
<link:definition>0000000 - Document - Supplement</link:definition>
<link:usedOn>link:definitionLink</link:usedOn>
<link:usedOn>link:presentationLink</link:usedOn>
<link:usedOn>link:calculationLink</link:usedOn></link:roleType></xs:appinfo></xs:annotation>
<xs:import
namespace="http://www.xbrl.org/2003/instance"
schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
<xs:import
schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"
namespace="http://www.xbrl.org/2003/linkbase"/>
<xs:import
schemaLocation="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-types-2009-01-31.xsd"
namespace="http://xbrl.us/us-types/2009-01-31"/>
<xs:import
namespace="http://xbrl.sec.gov/rr/2010-02-28"
schemaLocation="http://xbrl.sec.gov/rr/2010/rr-2010-02-28.xsd"/>
<xs:import
schemaLocation="http://xbrl.sec.gov/rr/2010/rr-ent-2010-02-28.xsd"
namespace="http://xbrl.sec.gov/rr-ent/2010-02-28"/>
<xs:import
schemaLocation="http://www.xbrl.org/lrr/role/negated-2008-03-31.xsd"
namespace="http://xbrl.us/us-gaap/negated/2008-03-31"/>
<xs:element
name="S000002560Member"
id="vanguard_S000002560Member"
type="us-types:domainItemType"
substitutionGroup="xbrli:item"
xbrli:periodType="duration"
nillable="true"/>
<xs:element
name="C000007054Member"
id="vanguard_C000007054Member"
xbrli:periodType="duration"
nillable="true"
substitutionGroup="xbrli:item"
type="us-types:domainItemType"/>
<xs:element
name="C000007055Member"
id="vanguard_C000007055Member"
xbrli:periodType="duration"
nillable="true"
substitutionGroup="xbrli:item"
type="us-types:domainItemType"/>
<xs:element
name="BalancedCompositeIndexMember"
id="vanguard_BalancedCompositeIndexMember"
type="us-types:domainItemType"
substitutionGroup="xbrli:item"
xbrli:periodType="duration"
nillable="true"/>
<xs:element
name="MSCIUSBroadMarketIndexMember"
id="vanguard_MSCIUSBroadMarketIndexMember"
type="us-types:domainItemType"
substitutionGroup="xbrli:item"
xbrli:periodType="duration"
nillable="true"/>
<xs:element
name="SplicedTotalStockMarketIndexMember"
id="vanguard_SplicedTotalStockMarketIndexMember"
type="us-types:domainItemType"
substitutionGroup="xbrli:item"
xbrli:periodType="duration"
nillable="true"/>
<xs:element
name="SplicedBarclaysUSAggregateFloatAdjustedIndMember"
id="vanguard_SplicedBarclaysUSAggregateFloatAdjustedIndMember"
type="us-types:domainItemType"
substitutionGroup="xbrli:item"
xbrli:periodType="duration"
nillable="true"/>
<xs:element
name="DowJonesUSTotalStockMarketFloatAdjustedIMember"
id="vanguard_DowJonesUSTotalStockMarketFloatAdjustedIMember"
type="us-types:domainItemType"
substitutionGroup="xbrli:item"
xbrli:periodType="duration"
nillable="true"/>
<xs:element
nillable="true"
xbrli:periodType="duration"
substitutionGroup="xbrli:item"
type="us-types:domainItemType"
id="vanguard_InstitutionalMember"
name="InstitutionalMember"/>
<xs:element
nillable="true"
xbrli:periodType="duration"
substitutionGroup="xbrli:item"
type="us-types:domainItemType"
id="vanguard_ParticipantMember"
name="ParticipantMember"/>
<xs:element
nillable="true"
xbrli:periodType="duration"
substitutionGroup="xbrli:item"
type="us-types:domainItemType"
id="vanguard_Participant2Member"
name="Participant2Member"/>
<xs:element
nillable="true"
xbrli:periodType="duration"
substitutionGroup="xbrli:item"
type="us-types:domainItemType"
id="vanguard_RetailMember"
name="RetailMember"/>
<xs:element
nillable="true"
xbrli:periodType="duration"
substitutionGroup="xbrli:item"
type="us-types:domainItemType"
id="vanguard_SignalMember"
name="SignalMember"/>
<xs:element
type="xbrli:pureItemType"
id="vanguard_ETFConversionFee"
name="ETFConversionFee"
substitutionGroup="xbrli:item"
nillable="true"
xbrli:periodType="duration"/>
<xs:element
type="xbrli:pureItemType"
id="vanguard_TransactionFeeOnPurchases"
name="TransactionFeeOnPurchases"
substitutionGroup="xbrli:item"
nillable="true"
xbrli:periodType="duration"/>
<xs:element
type="xbrli:pureItemType"
id="vanguard_TransactionFeeOnReinvestedDividends"
name="TransactionFeeOnReinvestedDividends"
substitutionGroup="xbrli:item"
nillable="true"
xbrli:periodType="duration"/>
<xs:element
xbrli:periodType="duration"
nillable="true"
substitutionGroup="xbrli:item"
name="SupplementTextBlock"
id="vanguard_SupplementTextBlock"
type="us-types:textBlockItemType"/>
<xs:element
abstract="true"
xbrli:periodType="duration"
nillable="true"
substitutionGroup="xbrli:item"
name="SupplementAbstract"
id="vanguard_SupplementAbstract"
type="xbrli:stringItemType"/>
<xs:element
type="xbrli:stringItemType"
id="vanguard_RedemptionFeeParenthetical"
name="RedemptionFeeParenthetical"
substitutionGroup="xbrli:item"
nillable="true"
xbrli:periodType="duration"/>
<xs:element
xbrli:periodType="duration"
nillable="true"
substitutionGroup="xbrli:item"
name="PurchaseFeeParenthetical"
id="vanguard_PurchaseFeeParenthetical"
type="xbrli:stringItemType"/>
<xs:element
name="BasedOnMarketMember"
id="vanguard_BasedOnMarketMember"
type="us-types:domainItemType"
substitutionGroup="xbrli:item"
xbrli:periodType="duration"
nillable="true"/>
<xs:element
type="xbrli:stringItemType"
id="vanguard_ComparativeBenchmark"
name="ComparativeBenchmark"
substitutionGroup="xbrli:item"
nillable="true"
xbrli:periodType="duration"/>
<xs:element
xbrli:periodType="duration"
nillable="true"
substitutionGroup="xbrli:item"
name="AquiredFundFeesExpensesExcludingAFFE"
id="vanguard_AquiredFundFeesExpensesExcludingAFFE"
type="xbrli:pureItemType"/></xs:schema>