<PAGE> PAGE 1
000 A000000 03/31/96
000 C000000 030156
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 PREMIER EQUITY FUNDS, INC.
001 B000000 811-2488
001 C000000 2129226775
002 A000000 200 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10166
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
007 C010100 1
007 C020100 PREMIER CAPITAL GROWTH FUND
007 C030100 N
007 C010200 2
007 C020200 PREMIER GROWTH AND INCOME FUND
007 C030200 N
007 C010300 3
007 C020300 PREMIER EMERGING MARKETS FUND
007 C030300 N
012 A00AA01 DREYFUS TRANSFER, INC.
012 B00AA01 85-11312
012 C01AA01 PROVIDENCE
012 C02AA01 RI
012 C03AA01 02903
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 159
019 C00AA00 DREYFUSFAM
020 A000001 DILLON, READ & CO. INC.
020 B000001 13-1939216
020 C000001 61
020 A000002 FURMAN SELZ INCORPORATED
020 B000002 13-2753731
020 C000002 54
020 A000003 UBS SECURITIES INC.
020 B000003 13-2932996
020 C000003 43
020 A000004 OPPENHELMER & CO., INC.
020 B000004 13-2798343
<PAGE> PAGE 2
020 C000004 39
020 A000005 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000005 13-2741729
020 C000005 39
020 A000006 A.G. EDWARDS & SONS, INC.
020 B000006 43-0895447
020 C000006 39
020 A000007 WEEDEN & CO. L.P.
020 B000007 13-3364318
020 C000007 39
020 A000008 MORGAN STANLEY & CO. INCORPORATED
020 B000008 13-2655998
020 C000008 37
020 A000009 FIRST ALBANY CORPORATION
020 B000009 14-1391446
020 C000009 34
020 A000010 LEHMAN BROTHERS INC.
020 B000010 13-2518466
020 C000010 33
021 000000 1053
022 A000001 G.X. CLARKE & CO
022 B000001 13-2969143
022 C000001 76754
022 D000001 78329
022 A000002 GOLDMAN, SACHS & CO.
022 B000002 13-5108880
022 C000002 14037
022 D000002 15726
022 A000003 MORGAN STANLEY & CO. INCORPORATED
022 B000003 13-2655998
022 C000003 12303
022 D000003 17107
022 A000004 BEAR, STEARNS & CO. INC.
022 B000004 13-3299429
022 C000004 5455
022 D000004 12152
022 A000005 SMITH BARNEY INC.
022 B000005 13-1912900
022 C000005 15707
022 D000005 0
022 A000006 HAMBRECHT & QUIST INCORPORATED
022 B000006 94-2856935
022 C000006 14724
022 D000006 54
022 A000007 SALOMON BROTHERS INC.
022 B000007 13-3082694
022 C000007 8222
022 D000007 3761
022 A000008 DILLON, READ & CO. INC.
022 B000008 13-1939216
022 C000008 11106
<PAGE> PAGE 3
022 D000008 0
022 A000009 HERZOG, HEINE, GEDULD, INC.
022 B000009 13-1955436
022 C000009 10237
022 D000009 410
022 A000010 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000010 13-5674085
022 C000010 7978
022 D000010 1617
023 C000000 252940
023 D000000 135439
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.750
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
<PAGE> PAGE 4
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 N
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 2500
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
077 A000000 Y
077 B000000 N
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
<PAGE> PAGE 5
024 000100 N
028 A010100 10557
028 A020100 0
028 A030100 0
028 A040100 17125
028 B010100 6548
028 B020100 0
028 B030100 0
028 B040100 13982
028 C010100 11829
028 C020100 42422
028 C030100 0
028 C040100 18633
028 D010100 13037
028 D020100 20
028 D030100 0
028 D040100 20436
028 E010100 8513
028 E020100 0
028 E030100 0
028 E040100 20120
028 F010100 10086
028 F020100 0
028 F030100 0
028 F040100 16934
028 G010100 60570
028 G020100 42442
028 G030100 0
028 G040100 107230
028 H000100 3359
029 000100 Y
030 A000100 87
030 B000100 4.50
030 C000100 0.00
031 A000100 12
031 B000100 0
032 000100 75
033 000100 0
034 000100 Y
035 000100 0
036 A000100 N
036 B000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 100
042 D000100 0
<PAGE> PAGE 6
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 0
044 000100 0
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
055 A000100 Y
055 B000100 Y
056 000100 N
057 000100 N
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 Y
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 Y
070 F020100 Y
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 Y
<PAGE> PAGE 7
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 Y
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 394050
071 B000100 409116
071 C000100 571812
071 D000100 69
072 A000100 6
072 B000100 269
072 C000100 2296
072 D000100 0
072 E000100 0
072 F000100 2074
072 G000100 0
072 H000100 0
072 I000100 761
072 J000100 36
072 K000100 0
072 L000100 36
072 M000100 43
072 N000100 0
072 O000100 0
072 P000100 489
072 Q000100 0
072 R000100 21
072 S000100 27
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 2
072 X000100 3489
072 Y000100 0
072 Z000100 -924
072AA000100 42661
072BB000100 50278
072CC010100 22433
072CC020100 0
072DD010100 9497
072DD020100 0
072EE000100 38124
073 A010100 0.0000
<PAGE> PAGE 8
073 A020100 0.0000
073 B000100 1.1200
073 C000100 0.0000
074 A000100 603
074 B000100 0
074 C000100 15
074 D000100 0
074 E000100 0
074 F000100 574656
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 1567
074 K000100 0
074 L000100 345
074 M000100 54
074 N000100 577240
074 O000100 9622
074 P000100 356
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 33132
074 S000100 0
074 T000100 534130
074 U010100 0
074 U020100 0
074 V010100 0.00
074 V020100 0.00
074 W000100 0.0000
074 X000100 30642
074 Y000100 15
075 A000100 0
075 B000100 552860
076 000100 0.00
024 000200 N
028 A010200 0
028 A020200 0
028 A030200 0
028 A040200 0
028 B010200 0
028 B020200 0
028 B030200 0
028 B040200 0
028 C010200 2000
028 C020200 0
028 C030200 0
028 C040200 0
028 D010200 0
028 D020200 0
<PAGE> PAGE 9
028 D030200 0
028 D040200 0
028 E010200 635
028 E020200 0
028 E030200 0
028 E040200 0
028 F010200 4626
028 F020200 3
028 F030200 0
028 F040200 10
028 G010200 7261
028 G020200 3
028 G030200 0
028 G040200 10
028 H000200 3077
029 000200 Y
030 A000200 85
030 B000200 4.50
030 C000200 0.00
031 A000200 85
031 B000200 0
032 000200 0
033 000200 0
034 000200 Y
035 000200 0
036 A000200 N
036 B000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 Y
041 000200 Y
042 A000200 0
042 B000200 0
042 C000200 100
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 3
044 000200 0
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
055 A000200 Y
055 B000200 N
056 000200 N
<PAGE> PAGE 10
057 000200 N
063 A000200 0
063 B000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 N
066 E000200 Y
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200 7294
<PAGE> PAGE 11
071 B000200 2395
071 C000200 2606
071 D000200 92
072 A000200 4
072 B000200 11
072 C000200 10
072 D000200 0
072 E000200 0
072 F000200 6
072 G000200 0
072 H000200 0
072 I000200 6
072 J000200 1
072 K000200 0
072 L000200 3
072 M000200 6
072 N000200 3
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 3
072 S000200 3
072 T000200 3
072 U000200 0
072 V000200 0
072 W000200 0
072 X000200 34
072 Y000200 21
072 Z000200 8
072AA000200 277
072BB000200 33
072CC010200 493
072CC020200 0
072DD010200 3
072DD020200 1
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 1006
074 B000200 0
074 C000200 705
074 D000200 0
074 E000200 100
074 F000200 5537
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 228
074 K000200 12
<PAGE> PAGE 12
074 L000200 1375
074 M000200 0
074 N000200 8963
074 O000200 945
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 24
074 S000200 0
074 T000200 7994
074 U010200 225
074 U020200 266
074 V010200 0.00
074 V020200 0.00
074 W000200 0.0000
074 X000200 321
074 Y000200 705
075 A000200 0
075 B000200 1103
076 000200 0.00
024 000300 N
071 A000300 0
071 B000300 0
071 C000300 0
071 D000300 0
072 A000300 0
072 B000300 0
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 0
072 G000300 0
072 H000300 0
074 A000300 0
074 B000300 0
074 C000300 0
074 D000300 0
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 0
074 M000300 0
074 N000300 0
074 O000300 0
074 P000300 0
<PAGE> PAGE 13
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 0
074 S000300 0
074 T000300 0
074 U010300 0
074 U020300 0
074 V010300 0.00
074 V020300 0.00
074 W000300 0.0000
074 X000300 0
074 Y000300 0
SIGNATURE JOHN J. PYBURN
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000030156
<NAME> PREMIER EQUITY FUNDS, INC.
<SERIES>
<NUMBER> 001
<NAME> PREMIER GROWTH & INCOME-CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 5849
<INVESTMENTS-AT-VALUE> 6342
<RECEIVABLES> 1603
<ASSETS-OTHER> 1018
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8963
<PAYABLE-FOR-SECURITIES> 945
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24
<TOTAL-LIABILITIES> 969
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,254
<SHARES-COMMON-STOCK> 225
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 4
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 243
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 493
<NET-ASSETS> 7994
<DIVIDEND-INCOME> 10
<INTEREST-INCOME> 11
<OTHER-INCOME> 0
<EXPENSES-NET> 13
<NET-INVESTMENT-INCOME> 8
<REALIZED-GAINS-CURRENT> 244
<APPREC-INCREASE-CURRENT> 493
<NET-CHANGE-FROM-OPS> 745
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 225
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 7994
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 34
<AVERAGE-NET-ASSETS> 1103
<PER-SHARE-NAV-BEGIN> 12.50
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 3.80
<PER-SHARE-DIVIDEND> (.01)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.31
<EXPENSE-RATIO> .003
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000030156
<NAME> PREMIER EQUITY FUNDS
<SERIES>
<NUMBER> 002
<NAME> PREMIER GROWTH & INCOME-CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 5849
<INVESTMENTS-AT-VALUE> 6342
<RECEIVABLES> 1603
<ASSETS-OTHER> 1018
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8963
<PAYABLE-FOR-SECURITIES> 945
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24
<TOTAL-LIABILITIES> 969
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7254
<SHARES-COMMON-STOCK> 177
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 4
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 243
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 493
<NET-ASSETS> 7994
<DIVIDEND-INCOME> 10
<INTEREST-INCOME> 11
<OTHER-INCOME> 0
<EXPENSES-NET> 13
<NET-INVESTMENT-INCOME> 8
<REALIZED-GAINS-CURRENT> 244
<APPREC-INCREASE-CURRENT> 493
<NET-CHANGE-FROM-OPS> 745
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 178
<NUMBER-OF-SHARES-REDEEMED> (1)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 7994
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 34
<AVERAGE-NET-ASSETS> 1103
<PER-SHARE-NAV-BEGIN> 12.50
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 3.75
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.26
<EXPENSE-RATIO> .005
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000030156
<NAME> PREMIER EQUITY FUNDS, INC.
<SERIES>
<NUMBER> 003
<NAME> PREMIER GROWTH & INCOME-CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 5849
<INVESTMENTS-AT-VALUE> 6342
<RECEIVABLES> 1603
<ASSETS-OTHER> 1018
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8963
<PAYABLE-FOR-SECURITIES> 945
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24
<TOTAL-LIABILITIES> 969
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7254
<SHARES-COMMON-STOCK> 49
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 4
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 243
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 493
<NET-ASSETS> 7994
<DIVIDEND-INCOME> 10
<INTEREST-INCOME> 11
<OTHER-INCOME> 0
<EXPENSES-NET> 13
<NET-INVESTMENT-INCOME> 8
<REALIZED-GAINS-CURRENT> 244
<APPREC-INCREASE-CURRENT> 493
<NET-CHANGE-FROM-OPS> 745
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 49
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 7994
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 34
<AVERAGE-NET-ASSETS> 1103
<PER-SHARE-NAV-BEGIN> 12.50
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 3.76
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.27
<EXPENSE-RATIO> .005
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000030156
<NAME> PREMIER EQUITY FUNDS
<SERIES>
<NUMBER> 004
<NAME> PREMIER GROWTH & INCOME-CLASS R
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 5849
<INVESTMENTS-AT-VALUE> 6342
<RECEIVABLES> 1603
<ASSETS-OTHER> 1018
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8963
<PAYABLE-FOR-SECURITIES> 945
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24
<TOTAL-LIABILITIES> 969
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7254
<SHARES-COMMON-STOCK> 40
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 4
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 243
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 493
<NET-ASSETS> 7994
<DIVIDEND-INCOME> 10
<INTEREST-INCOME> 11
<OTHER-INCOME> 0
<EXPENSES-NET> 13
<NET-INVESTMENT-INCOME> 8
<REALIZED-GAINS-CURRENT> 244
<APPREC-INCREASE-CURRENT> 493
<NET-CHANGE-FROM-OPS> 745
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 40
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 7994
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 34
<AVERAGE-NET-ASSETS> 1103
<PER-SHARE-NAV-BEGIN> 12.50
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 3.78
<PER-SHARE-DIVIDEND> (.02)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.31
<EXPENSE-RATIO> .003
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000030156
<NAME> PREMIER EQUITY FUNDS, INC.
<SERIES>
<NUMBER> 005
<NAME> PREMIER CAPITAL GROWTH FUND - CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 518352
<INVESTMENTS-AT-VALUE> 574671
<RECEIVABLES> 1912
<ASSETS-OTHER> 657
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 577240
<PAYABLE-FOR-SECURITIES> 9622
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 33488
<TOTAL-LIABILITIES> 43110
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 486195
<SHARES-COMMON-STOCK> 34913
<SHARES-COMMON-PRIOR> 35079
<ACCUMULATED-NII-CURRENT> (8620)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 235
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 56320
<NET-ASSETS> 534127
<DIVIDEND-INCOME> 2296
<INTEREST-INCOME> 269
<OTHER-INCOME> 0
<EXPENSES-NET> 3489
<NET-INVESTMENT-INCOME> (924)
<REALIZED-GAINS-CURRENT> (7617)
<APPREC-INCREASE-CURRENT> 22433
<NET-CHANGE-FROM-OPS> 13892
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9497)
<DISTRIBUTIONS-OF-GAINS> (38124)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3890
<NUMBER-OF-SHARES-REDEEMED> (6901)
<SHARES-REINVESTED> 2845
<NET-CHANGE-IN-ASSETS> (37947)
<ACCUMULATED-NII-PRIOR> 1081
<ACCUMULATED-GAINS-PRIOR> 45976
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2074
<INTEREST-EXPENSE> 425
<GROSS-EXPENSE> 3489
<AVERAGE-NET-ASSETS> 552860
<PER-SHARE-NAV-BEGIN> 1631
<PER-SHARE-NII> (.02)
<PER-SHARE-GAIN-APPREC> .41
<PER-SHARE-DIVIDEND> (.28)
<PER-SHARE-DISTRIBUTIONS> (1.12)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.30
<EXPENSE-RATIO> .005
<AVG-DEBT-OUTSTANDING> 425
<AVG-DEBT-PER-SHARE> .01
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000030156
<NAME> PREMIER EQUITY FUNDS, INC.
<SERIES>
<NUMBER> 006
<NAME> PREMIER CAPITAL GROWTH FUND -CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 518352
<INVESTMENTS-AT-VALUE> 574671
<RECEIVABLES> 1912
<ASSETS-OTHER> 657
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 577240
<PAYABLE-FOR-SECURITIES> 9622
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 33488
<TOTAL-LIABILITIES> 43110
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 48615
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 35079
<ACCUMULATED-NII-CURRENT> (8620)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 235
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 56320
<NET-ASSETS> 1
<DIVIDEND-INCOME> 2296
<INTEREST-INCOME> 269
<OTHER-INCOME> 0
<EXPENSES-NET> 3489
<NET-INVESTMENT-INCOME> (924)
<REALIZED-GAINS-CURRENT> (7617)
<APPREC-INCREASE-CURRENT> 22433
<NET-CHANGE-FROM-OPS> 13892
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9497)
<DISTRIBUTIONS-OF-GAINS> (38124)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (39747)
<ACCUMULATED-NII-PRIOR> 1801
<ACCUMULATED-GAINS-PRIOR> 45976
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2074
<INTEREST-EXPENSE> 425
<GROSS-EXPENSE> 3489
<AVERAGE-NET-ASSETS> 1
<PER-SHARE-NAV-BEGIN> 14.84
<PER-SHARE-NII> (.05)
<PER-SHARE-GAIN-APPREC> .48
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.27
<EXPENSE-RATIO> .004
<AVG-DEBT-OUTSTANDING> 425
<AVG-DEBT-PER-SHARE> .01
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000030156
<NAME> PREMIER EQUITY FUNDS, INC.
<SERIES>
<NUMBER> 007
<NAME> PREMIER CAPITAL GROWTH FUND-CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 518352
<INVESTMENTS-AT-VALUE> 574671
<RECEIVABLES> 1912
<ASSETS-OTHER> 657
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 577240
<PAYABLE-FOR-SECURITIES> 9622
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 33488
<TOTAL-LIABILITIES> 43110
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 486195
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 35079
<ACCUMULATED-NII-CURRENT> (8620)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 235
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 56320
<NET-ASSETS> 1
<DIVIDEND-INCOME> 2296
<INTEREST-INCOME> 269
<OTHER-INCOME> 0
<EXPENSES-NET> 3489
<NET-INVESTMENT-INCOME> (924)
<REALIZED-GAINS-CURRENT> (7617)
<APPREC-INCREASE-CURRENT> 22433
<NET-CHANGE-FROM-OPS> 13892
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9497)
<DISTRIBUTIONS-OF-GAINS> (38124)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (37947)
<ACCUMULATED-NII-PRIOR> 1801
<ACCUMULATED-GAINS-PRIOR> 45976
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2074
<INTEREST-EXPENSE> 425
<GROSS-EXPENSE> 3489
<AVERAGE-NET-ASSETS> 1
<PER-SHARE-NAV-BEGIN> 14.84
<PER-SHARE-NII> (.05)
<PER-SHARE-GAIN-APPREC> .48
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.27
<EXPENSE-RATIO> .004
<AVG-DEBT-OUTSTANDING> 425
<AVG-DEBT-PER-SHARE> .01
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000030156
<NAME> PREMIER EQUITY FUNDS, INC.
<SERIES>
<NUMBER> 008
<NAME> PREMIER CAPITAL GROWTH FUND - CLASS R
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 518352
<INVESTMENTS-AT-VALUE> 574671
<RECEIVABLES> 1912
<ASSETS-OTHER> 657
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 577240
<PAYABLE-FOR-SECURITIES> 9622
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 33488
<TOTAL-LIABILITIES> 43110
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 486195
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 35079
<ACCUMULATED-NII-CURRENT> (8620)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 235
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 56320
<NET-ASSETS> 1
<DIVIDEND-INCOME> 2296
<INTEREST-INCOME> 269
<OTHER-INCOME> 0
<EXPENSES-NET> 3489
<NET-INVESTMENT-INCOME> (924)
<REALIZED-GAINS-CURRENT> (7617)
<APPREC-INCREASE-CURRENT> 22433
<NET-CHANGE-FROM-OPS> 13892
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9497)
<DISTRIBUTIONS-OF-GAINS> (38124)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (37947)
<ACCUMULATED-NII-PRIOR> 1801
<ACCUMULATED-GAINS-PRIOR> 45976
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2074
<INTEREST-EXPENSE> 425
<GROSS-EXPENSE> 3489
<AVERAGE-NET-ASSETS> 1
<PER-SHARE-NAV-BEGIN> 14.84
<PER-SHARE-NII> (.02)
<PER-SHARE-GAIN-APPREC> .49
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.31
<EXPENSE-RATIO> .002
<AVG-DEBT-OUTSTANDING> 425
<AVG-DEBT-PER-SHARE> .01
</TABLE>
