<PAGE> PAGE 1
000 A000000 04/30/99
000 C000000 0001031496
000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000
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001 A000000 GRANUM SERIES TRUST
001 B000000 811-08029
001 C000000 2124073400
002 A000000 126 EAST 56TH STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10022
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
020 A000001 FAHNSTOCK & CO
020 C000001 9
020 A000002 FREIDMAN BILLINGS & RAMSEY
020 C000002 4
020 A000003 WASSERSTEIN PERELLA
020 C000003 3
020 A000004 RAYMOND JAMES & ASSOCIATES
020 C000004 3
020 A000005 BEAR STEARNS
020 C000005 2
020 A000006 FIRST UNION BROKERAGE SERVICES
020 C000006 2
020 A000007 GRUNTAL & CO INC.
020 C000007 2
020 A000008 DONALDSON LUFKIN JENRETTE/PERSHING
020 C000008 2
020 A000009 AUTRANET
020 C000009 2
020 A000010 ALEX BROWN & SONS INC.
020 C000010 1
021 000000 36
022 A000001 GOLDMAN SACHS
022 C000001 3081
022 D000001 2967
022 A000002 DONALDSON LUFKIN JENRETTE/PERSHING
022 C000002 1855
022 D000002 0
022 A000003 MORGAN STANLEY & CO
022 C000003 1176
<PAGE> PAGE 2
022 D000003 0
022 A000004 WASSERSTEIN PERELLA
022 C000004 911
022 D000004 0
022 A000005 SPEAR LEEDS & KELLOG
022 C000005 420
022 D000005 0
022 A000006 SANDS BROTHER
022 C000006 284
022 D000006 0
022 A000007 FREIDMAN BILLINGS & RAMSEY
022 C000007 249
022 D000007 2
022 A000008 HERZOG HEINE GOULD INC.
022 C000008 57
022 D000008 160
022 A000009 BEAR STEARNS
022 C000009 207
022 D000009 0
022 A000010 RAYMOND JAMES & ASSOCIATES
022 C000010 0
022 D000010 183
023 C000000 8587
023 D000000 3692
<PAGE> PAGE 3
077 A000000 N
SIGNATURE JONAS SIEGEL
TITLE TREASURER