PHOENIX EQUITY SERIES FUND
NSAR-A, 1999-04-28
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<PAGE>      PAGE  1
000 A000000 02/28/99
000 C000000 0001040892
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 PHOENIX EQUITY SERIES FUND
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003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
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007 C030100 N
007 C010200  2
007 C020200 PHOENIX-OAKHURST GROWTH AND INCOME FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
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010 C01AA01 ENFIELD
010 C02AA01 CT
010 C03AA01 06083
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011 A00AA01 PHOENIX EQUITY PLANNING CORPORATION
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011 C04AA01 2200
012 A00AA01 PHOENIX EQUITY PLANNING CORPORATION
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012 C01AA01 ENFIELD
<PAGE>      PAGE  2
012 C02AA01 CT
012 C03AA01 06083
012 C04AA01 2200
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA01 PHOENIX EQUITY PLANNING CORPORATION
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015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
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015 E01AA01 X
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020 A000007 RAYMOND JAMES
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<PAGE>      PAGE  3
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<PAGE>      PAGE  7
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<PAGE>      PAGE  10
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SIGNATURE   JACKIE PORTER                                
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

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<CIK> 0001040892
<NAME> PHOENIX EQUITY SERIES FUND
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<TABLE> <S> <C>

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</TABLE>

<TABLE> <S> <C>

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<OVERDISTRIBUTION-GAINS>                        (3691)
<ACCUM-APPREC-OR-DEPREC>                          7847
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<DIVIDEND-INCOME>                                  280
<INTEREST-INCOME>                                   18
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (325)
<NET-INVESTMENT-INCOME>                           (27)
<REALIZED-GAINS-CURRENT>                        (3651)
<APPREC-INCREASE-CURRENT>                        12472
<NET-CHANGE-FROM-OPS>                             8794
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                          (21)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             42
<NUMBER-OF-SHARES-REDEEMED>                       (56)
<SHARES-REINVESTED>                                  1
<NET-CHANGE-IN-ASSETS>                             402
<ACCUMULATED-NII-PRIOR>                             10
<ACCUMULATED-GAINS-PRIOR>                          299
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              169
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    393
<AVERAGE-NET-ASSETS>                             45576
<PER-SHARE-NAV-BEGIN>                             9.82
<PER-SHARE-NII>                                 (0.04)
<PER-SHARE-GAIN-APPREC>                           2.32
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.08)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.02
<EXPENSE-RATIO>                                   2.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001040892
<NAME> PHOENIX EQUITY SERIES FUND
<SERIES>
   <NUMBER> 021
   <NAME> PHOENIX GROWTH AND INCOME FUND - A CLASS
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          AUG-31-1999
<PERIOD-END>                               FEB-28-1999
<INVESTMENTS-AT-COST>                           227062
<INVESTMENTS-AT-VALUE>                          251838
<RECEIVABLES>                                     6506
<ASSETS-OTHER>                                      11
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  258355
<PAYABLE-FOR-SECURITIES>                          5750
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          493
<TOTAL-LIABILITIES>                               6243
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        228020
<SHARES-COMMON-STOCK>                            10663
<SHARES-COMMON-PRIOR>                             7298
<ACCUMULATED-NII-CURRENT>                          179
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                         (863)
<ACCUM-APPREC-OR-DEPREC>                         24776
<NET-ASSETS>                                    252112
<DIVIDEND-INCOME>                                 1535
<INTEREST-INCOME>                                   50
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (1404)
<NET-INVESTMENT-INCOME>                            181
<REALIZED-GAINS-CURRENT>                         (773)
<APPREC-INCREASE-CURRENT>                        41950
<NET-CHANGE-FROM-OPS>                            41358
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (179)
<DISTRIBUTIONS-OF-GAINS>                         (815)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           4717
<NUMBER-OF-SHARES-REDEEMED>                     (1419)
<SHARES-REINVESTED>                                 67
<NET-CHANGE-IN-ASSETS>                           67821
<ACCUMULATED-NII-PRIOR>                            177
<ACCUMULATED-GAINS-PRIOR>                         1262
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              682
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1462
<AVERAGE-NET-ASSETS>                            183343
<PER-SHARE-NAV-BEGIN>                            10.47
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                           3.13
<PER-SHARE-DIVIDEND>                            (0.02)
<PER-SHARE-DISTRIBUTIONS>                       (0.09)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.52
<EXPENSE-RATIO>                                   1.25
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001040892
<NAME> PHOENIX EQUITY SERIES FUND
<SERIES>
   <NUMBER> 022
   <NAME> PHOENIX GROWTH AND INCOME FUND - B CLASS
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          AUG-31-1999
<PERIOD-END>                               FEB-28-1999
<INVESTMENTS-AT-COST>                           227062
<INVESTMENTS-AT-VALUE>                          251838
<RECEIVABLES>                                     6506
<ASSETS-OTHER>                                      11
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  258355
<PAYABLE-FOR-SECURITIES>                          5750
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          493
<TOTAL-LIABILITIES>                               6243
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        228020
<SHARES-COMMON-STOCK>                             5491
<SHARES-COMMON-PRIOR>                             3067
<ACCUMULATED-NII-CURRENT>                          179
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                         (863)
<ACCUM-APPREC-OR-DEPREC>                         24776
<NET-ASSETS>                                    252112
<DIVIDEND-INCOME>                                 1535
<INTEREST-INCOME>                                   50
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (1404)
<NET-INVESTMENT-INCOME>                            181
<REALIZED-GAINS-CURRENT>                         (773)
<APPREC-INCREASE-CURRENT>                        41950
<NET-CHANGE-FROM-OPS>                            41358
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         (383)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2702
<NUMBER-OF-SHARES-REDEEMED>                      (303)
<SHARES-REINVESTED>                                 25
<NET-CHANGE-IN-ASSETS>                           41715
<ACCUMULATED-NII-PRIOR>                            177
<ACCUMULATED-GAINS-PRIOR>                         1262
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              682
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1462
<AVERAGE-NET-ASSETS>                            183343
<PER-SHARE-NAV-BEGIN>                            10.40
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                           3.12
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.09)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.41
<EXPENSE-RATIO>                                   2.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001040892
<NAME> PHOENIX EQUITY SERIES FUND
<SERIES>
   <NUMBER> 023
   <NAME> PHOENIX GROWTH AND INCOME FUND - C CLASS
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          AUG-31-1999
<PERIOD-END>                               FEB-28-1999
<INVESTMENTS-AT-COST>                           227062
<INVESTMENTS-AT-VALUE>                          251838
<RECEIVABLES>                                     6506
<ASSETS-OTHER>                                      11
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  258355
<PAYABLE-FOR-SECURITIES>                          5750
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          493
<TOTAL-LIABILITIES>                               6243
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        228020
<SHARES-COMMON-STOCK>                             2555
<SHARES-COMMON-PRIOR>                             1068
<ACCUMULATED-NII-CURRENT>                          179
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                         (863)
<ACCUM-APPREC-OR-DEPREC>                         24776
<NET-ASSETS>                                    252112
<DIVIDEND-INCOME>                                 1535
<INTEREST-INCOME>                                   50
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (1404)
<NET-INVESTMENT-INCOME>                            181
<REALIZED-GAINS-CURRENT>                         (773)
<APPREC-INCREASE-CURRENT>                        41950
<NET-CHANGE-FROM-OPS>                            41358
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         (153)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           1558
<NUMBER-OF-SHARES-REDEEMED>                       (81)
<SHARES-REINVESTED>                                 10
<NET-CHANGE-IN-ASSETS>                           23166
<ACCUMULATED-NII-PRIOR>                            177
<ACCUMULATED-GAINS-PRIOR>                         1262
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              682
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1462
<AVERAGE-NET-ASSETS>                            183343
<PER-SHARE-NAV-BEGIN>                            10.41
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                           3.11
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.09)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.41
<EXPENSE-RATIO>                                   2.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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