STAAR SYSTEM TRUST
NSAR-A, 1998-06-29
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<PAGE>      PAGE  1
000 A000000 12/31/97
000 C000000 0001011996
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 STAAR SYSTEM TRUST
001 B000000 811-09152
001 C000000 4123679076
002 A000000 604 MCKNIGHT PARK DR.
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15237
003  000000 Y
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  6
007 C010100  1
007 C020100 INTERMEDIATE BOND FUND
007 C030100 N
007 C010200  2
007 C020200 LONG TERM BOND FUND
007 C030200 N
007 C010300  3
007 C020300 LARGER COMPANY STOCK FUND
007 C030300 N
007 C010400  4
007 C020400 SMALLER COMPANY STOCK FUND
007 C030400 N
007 C010500  5
007 C020500 INTERNATIONAL FUND
007 C030500 N
007 C010600  6
007 C020600 ALTCAT (ALTERNATIVE CATEGORIES) FUND
007 C030600 N
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 STAAR SYSTEM FINANCIAL SERVICES, INC.
008 B00AA01 A
008 C00AA01 801-35817
008 D01AA01 PITTSBURGH
008 D02AA01 PA
008 D03AA01 15237
010 A00AA01 STAAR SYSTEM FINANCIAL SERVICES, INC.
<PAGE>      PAGE  2
010 C01AA01 PITTSBURGH
010 C02AA01 PA
010 C03AA01 15237
013 A00AA01 CARSON & CO.
013 B01AA01 SEWICKLEY
013 B02AA01 PA
013 B03AA01 15143
015 A00AA01 STAR BANK, N.A.
015 B00AA01 C
015 C01AA01 CINCINNATI
015 C02AA01 OH
015 C03AA01 45201
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
055 A00AA00 N
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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066 A000200 N
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070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
050  000300 N
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
050  000400 N
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
072EE000400       19
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073 C000400   0.0000
074 A000400       76
074 B000400        0
074 C000400        0
074 D000400        0
074 E000400        0
074 F000400        0
074 G000400        0
074 H000400        0
074 I000400     1101
074 J000400        0
074 K000400        0
074 L000400        0
074 M000400        0
074 N000400     1177
074 O000400        0
074 P000400        0
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400        0
074 S000400        0
074 T000400     1177
074 U010400      103
074 U020400        0
074 V010400    11.45
074 V020400     0.00
074 W000400   0.0000
074 X000400       46
074 Y000400        0
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076  000400     0.00
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028 A030500         0
028 A040500        10
028 B010500         9
028 B020500         0
028 B030500         0
028 B040500         4
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028 C020500         0
028 C030500         0
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028 D010500        43
<PAGE>      PAGE  21
028 D020500         0
028 D030500         0
028 D040500         4
028 E010500        30
028 E020500         0
028 E030500         0
028 E040500         0
028 F010500        85
028 F020500        58
028 F030500         0
028 F040500         0
028 G010500       247
028 G020500        58
028 G030500         0
028 G040500        19
028 H000500         0
029  000500 N
030 A000500      0
030 B000500  0.00
030 C000500  0.00
031 A000500      0
031 B000500      0
032  000500      0
033  000500      0
045  000500 Y
046  000500 N
047  000500 Y
048  000500  0.900
048 A010500        0
048 A020500 0.000
048 B010500        0
048 B020500 0.000
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048 C020500 0.000
048 D010500        0
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048 E010500        0
048 E020500 0.000
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048 I010500        0
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048 J010500        0
048 J020500 0.000
048 K010500        0
048 K020500 0.000
049  000500 N
<PAGE>      PAGE  22
050  000500 N
051  000500 N
052  000500 N
053 A000500 Y
053 B000500 Y
053 C000500 N
062 A000500 N
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
062 I000500   0.0
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
062 M000500   0.0
062 N000500   0.0
062 O000500   0.0
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
066 A000500 Y
066 D000500 Y
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
<PAGE>      PAGE  23
070 K020500 Y
070 L010500 Y
070 L020500 N
070 M010500 Y
070 M020500 N
070 N010500 N
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 Y
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
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072 B000500        0
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072 I000500        0
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072BB000500        0
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<PAGE>      PAGE  24
072EE000500       42
073 A010500   0.1600
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073 C000500   0.0000
074 A000500       64
074 B000500        0
074 C000500        0
074 D000500        0
074 E000500        0
074 F000500        0
074 G000500        0
074 H000500        0
074 I000500     1062
074 J000500        0
074 K000500        0
074 L000500        0
074 M000500        0
074 N000500     1126
074 O000500        0
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074 R040500        0
074 S000500        0
074 T000500     1126
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074 V010500    10.50
074 V020500     0.00
074 W000500   0.0000
074 X000500       45
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075 A000500        0
075 B000500      938
076  000500     0.00
028 A010600        18
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<PAGE>      PAGE  25
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028 G010600        87
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029  000600 N
030 A000600      0
030 B000600  0.00
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031 A000600      0
031 B000600      0
032  000600      0
033  000600      0
045  000600 Y
046  000600 N
047  000600 Y
048  000600  0.900
048 A010600        0
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048 E020600 0.000
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049  000600 N
<PAGE>      PAGE  26
050  000600 N
051  000600 N
052  000600 N
053 A000600 Y
053 B000600 Y
053 C000600 N
062 A000600 N
062 B000600   0.0
062 C000600   0.0
062 D000600   0.0
062 E000600   0.0
062 F000600   0.0
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062 I000600   0.0
062 J000600   0.0
062 K000600   0.0
062 L000600   0.0
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062 N000600   0.0
062 O000600   0.0
062 P000600   0.0
062 Q000600   0.0
062 R000600   0.0
066 A000600 Y
066 D000600 Y
067  000600 N
068 A000600 N
068 B000600 N
069  000600 N
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
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070 H020600 N
070 I010600 Y
070 I020600 N
070 J010600 Y
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070 K010600 Y
<PAGE>      PAGE  27
070 K020600 Y
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 N
070 N020600 N
070 O010600 Y
070 O020600 N
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<PAGE>      PAGE  28
072EE000600        0
073 A010600   0.1000
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075 A000600        0
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076  000600     0.00
SIGNATURE   J. ANDRE WEISBROD                            
TITLE       PRESIDENT OF ADVISOR
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> INTERMEDIATE BOND FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> LONG-TERM BOND FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
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<PER-SHARE-NII>                                    .62
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> LARGER COMPANY STOCK FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                            1,128
<INVESTMENTS-AT-VALUE>                           1,276
<RECEIVABLES>                                        0
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<TOTAL-ASSETS>                                   1,277
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<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                     1,276
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<SHARES-REINVESTED>                                840
<NET-CHANGE-IN-ASSETS>                             540
<ACCUMULATED-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                      6
<AVERAGE-NET-ASSETS>                               932
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<PER-SHARE-NII>                                    .25
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<PER-SHARE-DIVIDEND>                               .21
<PER-SHARE-DISTRIBUTIONS>                         1.04
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.16
<EXPENSE-RATIO>                                    .65
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 4
   <NAME> SMALLER COMPANY STOCK FD
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                            1,075
<INVESTMENTS-AT-VALUE>                           1,178
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   1,179
<PAYABLE-FOR-SECURITIES>                             0
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         1,075
<SHARES-COMMON-STOCK>                              103
<SHARES-COMMON-PRIOR>                               65
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           103
<NET-ASSETS>                                     1,178
<DIVIDEND-INCOME>                                   22
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       9
<NET-INVESTMENT-INCOME>                             13
<REALIZED-GAINS-CURRENT>                            19
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           13
<DISTRIBUTIONS-OF-GAINS>                            19
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<SHARES-REINVESTED>                                  3
<NET-CHANGE-IN-ASSETS>                             510
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                8
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                      9
<AVERAGE-NET-ASSETS>                               948
<PER-SHARE-NAV-BEGIN>                            10.31
<PER-SHARE-NII>                                    .15
<PER-SHARE-GAIN-APPREC>                           1.33
<PER-SHARE-DIVIDEND>                               .13
<PER-SHARE-DISTRIBUTIONS>                          .32
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.45
<EXPENSE-RATIO>                                    .97
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 5
   <NAME> INTERNATIONAL FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                            1,149
<INVESTMENTS-AT-VALUE>                           1,126
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   1,127
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            1
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         1,145
<SHARES-COMMON-STOCK>                              107
<SHARES-COMMON-PRIOR>                               57
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          (23)
<NET-ASSETS>                                     1,126
<DIVIDEND-INCOME>                                   25
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