Abstract. We perform critical-point analysis for three-variable systems that represent essential processes of the growth of the angiogenic tumor, namely, tumor growth, vascularization, and generation of angiogenic factor (protein) as a function of effective vessel density. Two models that describe tumor growth depending on vascular mass and regulation of new vessel formation through a key angiogenic factor are explored. The first model is formulated in terms of ODEs, while the second assumes delays in this regulation, thus leading to a system of DDEs. In both models, the only nontrivial critical point is always unstable, while one of the trivial critical points is always stable. The models predict unlimited growth, if the initial condition is close enough to the nontrivial critical point, and this growth may be characterized by oscillations in tumor and vascular mass. We suggest that angiogenesis per se does not suffice for explaining the observed stabilization of vascular tumor size.