<PAGE> PAGE 1
000 B000000 12/31/1997
000 C000000 0001004126
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 6.1
000 J000000 U
001 A000000 DECS TRUST
001 B000000 811-09138
001 C000000 2128155366
002 A000000 C/O BANK OF NEW YORK, 101 BARCLAY STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10286
003 000000 Y
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
013 A000001 DELOITTE & TOUCHE
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10281
013 B040001 1414
015 A000001 THE BANK OF NEW YORK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
015 E010001 X
018 000000 Y
019 A000000 N
024 000000 N
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
045 000000 N
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
<PAGE> PAGE 2
059 000000 Y
060 A000000 N
060 B000000 N
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 N
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
<PAGE> PAGE 3
070 N010000 N
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 79876
071 B000000 856
071 C000000 87312
071 D000000 1
072 A000000 3
074 N000000 94748
074 T000000 94747
075 A000000 0
075 B000000 87312
077 A000000 Y
080 A000000 NONE
080 C000000 0
081 A000000 N
081 B000000 0
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 N
085 B000000 N
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE DONALD J. PUGLISI
TITLE MANAGING TRUSTEE
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the audited
financial statements of the Trust as of December 31, 1997 and for the period
from October 1, 1997 (commencement of operations) to December 31, 1997 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> OCT-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 79,275,661
<INVESTMENTS-AT-VALUE> 94,746,088
<RECEIVABLES> 0
<ASSETS-OTHER> 2,040
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 94,748,128
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,039
<TOTAL-LIABILITIES> 1,039
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 79,026,559
<SHARES-COMMON-STOCK> 3,484,104
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 250,103
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 15,470,427
<NET-ASSETS> 94,747,089
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 255,618
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 255,618
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 15,470,427
<NET-CHANGE-FROM-OPS> 15,726,045
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,515
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 849,484
<NUMBER-OF-SHARES-SOLD> 3,479,871
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 94,647,089
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 25,669
<AVERAGE-NET-ASSETS> 87,311,566
<PER-SHARE-NAV-BEGIN> 23.62
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> 4.44
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0.24
<PER-SHARE-NAV-END> 27.19
<EXPENSE-RATIO> 0
</TABLE>
