-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RO4pM5h7GwmylRD6zgJWxqcX5r3I5aep6CjYZwnMrmE6X91iIYgB9thOrZUBhaZV ufyNtFGvusjQE52BkTDj7A== 0000810902-98-000001.txt : 19980106 0000810902-98-000001.hdr.sgml : 19980106 ACCESSION NUMBER: 0000810902-98-000001 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19970930 FILED AS OF DATE: 19980105 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: BARON ASSET FUND CENTRAL INDEX KEY: 0000810902 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 136891420 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-05032 FILM NUMBER: 98500610 BUSINESS ADDRESS: STREET 1: 767 FIFTH AVENUE STREET 2: 24TH FL CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: 2125832000 MAIL ADDRESS: STREET 1: 767 FIFTH AVE STREET 2: 24TH FL CITY: NEW YORK STATE: NY ZIP: 10153 NSAR-B 1 N-SAR (3.0.A) PAGE 1 000 B000000 09/30/97 000 C000000 0000810902 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 3.0.a 000 J000000 A 001 A000000 BARON ASSET FUND 001 B000000 811-5032 001 C000000 2125832000 002 A000000 767 FIFTH AVENUE 24TH FLOOR 002 B000000 NEW YORK 002 C000000 NY 002 D010000 10153 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 2 007 C010100 1 007 C020100 BARON ASSET FUND 007 C030100 N 007 C010200 2 007 C020200 BARON GROWTH & INCOME FUND 007 C030200 N 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A00AA01 BAMCO, INC. 008 B00AA01 A 008 C00AA01 801-29080 008 D01AA01 NEW YORK 008 D02AA01 NY 008 D03AA01 10153 011 A00AA01 BARON CAPITAL, INC. 011 B00AA01 8-27533 011 C01AA01 NEW 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MARTINSON TITLE GENERAL COUNSEL EX-6 2 [ARTICLE] 6 [CIK] 0000810902 [NAME] BARON ASSET FUND [SERIES] [NUMBER] 1 [NAME] BARON ASSET FUND [PERIOD-TYPE] YEAR [FISCAL-YEAR-END] SEP-30-1997 [PERIOD-START] OCT-01-1996 [PERIOD-END] SEP-30-1997 [INVESTMENTS-AT-COST] $ 2,379,533,912 [INVESTMENTS-AT-VALUE] $ 3,250,591,801 [RECEIVABLES] $ 8,331,073 [ASSETS-OTHER] $ 240,618 [OTHER-ITEMS-ASSETS] $ 0 [TOTAL-ASSETS] $ 3,259,163,492 [PAYABLE-FOR-SECURITIES] $ 34,024,476 [SENIOR-LONG-TERM-DEBT] $ 0 [OTHER-ITEMS-LIABILITIES] $ 640,622 [TOTAL-LIABILITIES] $ 34,665,098 [SENIOR-EQUITY] $ 0 [PAID-IN-CAPITAL-COMMON] $ 2,378,338,831 [SHARES-COMMON-STOCK] 67,990,946 [SHARES-COMMON-PRIOR] 32,842,555 [ACCUMULATED-NII-CURRENT] 0 [OVERDISTRIBUTION-NII] 0 [ACCUMULATED-NET-GAINS] $( 24,898,326) [OVERDISTRIBUTION-GAINS] $ 0 [ACCUM-APPREC-OR-DEPREC] $ 871,057,889 [NET-ASSETS] $ 3,224,498,394 [DIVIDEND-INCOME] $ 8,100,908 [INTEREST-INCOME] $ 7,294,972 [OTHER-INCOME] $ 50 [EXPENSES-NET] $ 25,136,197 [NET-INVESTMENT-INCOME] $( 9,740,291) [REALIZED-GAINS-CURRENT] $( 25,537,003) [APPREC-INCREASE-CURRENT] $ 699,696,611 [NET-CHANGE-FROM-OPS] $ 664,419,317 [EQUALIZATION] $ 0 [DISTRIBUTIONS-OF-INCOME] $ 0 [DISTRIBUTIONS-OF-GAINS] $( 1,419,734) [DISTRIBUTIONS-OTHER] $ 0 [NUMBER-OF-SHARES-SOLD] 48,411,239 [NUMBER-OF-SHARES-REDEEMED] 13,300,780 [SHARES-REINVESTED] 37,932 [NET-CHANGE-IN-ASSETS] $ 2,058,440,740 [ACCUMULATED-NII-PRIOR] 0 [ACCUMULATED-GAINS-PRIOR] $ 1,307,985 [OVERDISTRIB-NII-PRIOR] 0 [OVERDIST-NET-GAINS-PRIOR] 0 [GROSS-ADVISORY-FEES] $ 18,573,064 [INTEREST-EXPENSE] 0 [GROSS-EXPENSE] $ 25,136,191 [AVERAGE-NET-ASSETS] $ 1,864,526,970 [PER-SHARE-NAV-BEGIN] $ 35.50 [PER-SHARE-NII] $( 0.14) [PER-SHARE-GAIN-APPREC] $ 12.11 [PER-SHARE-DIVIDEND] 0 [PER-SHARE-DISTRIBUTIONS] $ (0.04) [RETURNS-OF-CAPITAL] 0 [PER-SHARE-NAV-END] $ 47.43 [EXPENSE-RATIO] .013 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0
EX-6 3 [ARTICLE] 6 [CIK] 0000810902 [NAME] BARON ASSET FUND [SERIES] [NUMBER] 2 [NAME] BARON GROWTH & INCOME FUND [PERIOD-TYPE] YEAR [FISCAL-YEAR-END] SEP-30-1997 [PERIOD-START] OCT-01-1996 [PERIOD-END] SEP-30-1997 [INVESTMENTS-AT-COST] $ 279,626,837 [INVESTMENTS-AT-VALUE] $ 392,328,219 [RECEIVABLES] $ 1,621,036 [ASSETS-OTHER] $ 958 [OTHER-ITEMS-ASSETS] $ 14,793 [TOTAL-ASSETS] $ 393,965,006 [PAYABLE-FOR-SECURITIES] $ 3,013,572 [SENIOR-LONG-TERM-DEBT] $ 0 [OTHER-ITEMS-LIABILITIES] $ 119,573 [TOTAL-LIABILITIES] $ 3,133,145 [SENIOR-EQUITY] $ 0 [PAID-IN-CAPITAL-COMMON] $ 276,584,044 [SHARES-COMMON-STOCK] 15,702,090 [SHARES-COMMON-PRIOR] 11,261,852 [ACCUMULATED-NII-CURRENT] $ 285,821 [OVERDISTRIBUTION-NII] $ 0 [ACCUMULATED-NET-GAINS] $ 1,560,614 [OVERDISTRIBUTION-GAINS] $ 0 [ACCUM-APPREC-OR-DEPREC] $ 112,401,382 [NET-ASSETS] $ 390,831,861 [DIVIDEND-INCOME] $ 4,334,443 [INTEREST-INCOME] $ 671,458 [OTHER-INCOME] $ 325 [EXPENSES-NET] $ 3,959,701 [NET-INVESTMENT-INCOME] $ 1,046,525 [REALIZED-GAINS-CURRENT] $ 790,402 [APPREC-INCREASE-CURRENT] $ 93,851,250 [NET-CHANGE-FROM-OPS] $ 95,688,177 [EQUALIZATION] $ 0 [DISTRIBUTIONS-OF-INCOME] $( 1,142,621) [DISTRIBUTIONS-OF-GAINS] $( 2,059,229) [DISTRIBUTIONS-OTHER] 0 [NUMBER-OF-SHARES-SOLD] 9,989,857 [NUMBER-OF-SHARES-REDEEMED] ( 5,713,945) [SHARES-REINVESTED] 164,326 [NET-CHANGE-IN-ASSETS] $ 183,597,367 [ACCUMULATED-NII-PRIOR] $ 1,147,402 [ACCUMULATED-GAINS-PRIOR] $ 2,063,957 [OVERDISTRIB-NII-PRIOR] 0 [OVERDIST-NET-GAINS-PRIOR] 0 [GROSS-ADVISORY-FEES] $ 2,828,391 [INTEREST-EXPENSE] 0 [GROSS-EXPENSE] $ 3,959,701 [AVERAGE-NET-ASSETS] $ 283,578,591 [PER-SHARE-NAV-BEGIN] $ 18.40 [PER-SHARE-NII] $ 0.06 [PER-SHARE-GAIN-APPREC] $ 6.68 [PER-SHARE-DIVIDEND] $( 0.09) [PER-SHARE-DISTRIBUTIONS] $( 0.16) [RETURNS-OF-CAPITAL] 0 [PER-SHARE-NAV-END] $ 24.89 [EXPENSE-RATIO] .014 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0
EX-99 4 REPORT OF INDEPENDENT AUDITORS Coopers & Lybrand, L.L.P. 1301 Avenue of the Americas New York, NY 10019-6013 Tel: 212-259-1000 REPORT OF INDEPENDENT ACCOUNTANTS To the Board of Directors of Baron Asset Fund: In planning and performing our audit of the financial statements of Baron Asset Fund, for the year ended September 30, 1997, 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 the internal control structure. The management of Baron Asset Fund 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 entity's 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 structure, 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 procedures may become inadequate because of changes in conditions or that the effectiveness of design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in the 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 the internal control, including controls over safeguarding securities, that we consider to be material weaknesses, as defined above, as of September 30, 1997. This report is intended solely for the information and use of management and the Securities and Exchange Commission. /s/ COOPERS & LYBRAND L.L.P. ---------------------------- Coopers & Lybrand L.L.P. New York, New York November 24, 1997 -----END PRIVACY-ENHANCED MESSAGE-----