<PAGE> PAGE 1
000 A000000 06/30/99
000 C000000 355411
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 PANORAMA SERIES FUND, INC.
001 B000000 811-3255
001 C000000 3037683200
002 A000000 6803 SOUTH TUCSON WAY
002 B000000 ENGLEWOOD
002 C000000 CO
002 D010000 80112
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 7
007 C010100 1
007 C010200 2
007 C010300 3
007 C020300 GROWTH PORTFOLIO
007 C030300 N
007 C010400 4
007 C010500 5
007 C020500 TOTAL RETURN PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 GOVERNMENT SECURITIES PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 INTERNATIONAL EQUITY PORTFOLIO
007 C030700 N
007 C010800 8
007 C020800 LIFESPAN DIVERSIFIED INCOME PORTFOLIO
007 C030800 N
007 C010900 9
007 C020900 LIFESPAN BALANCED PORTFOLIO
007 C030900 N
007 C011000 10
007 C021000 LIFESPAN CAPITAL APPRECIATION PORTFOLIO
007 C031000 N
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
<PAGE> PAGE 2
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
008 A00AA01 OPPENHEIMERFUNDS, INC.
008 B00AA01 A
008 C00AA01 801-8253
008 D01AA01 ENGLEWOOD
008 D02AA01 CO
008 D03AA01 80112
008 A00AA02 PILGRIM BAXTER & ASSOCIATES, LTD.
008 B00AA02 S
008 C00AA02 801-48872
008 D01AA02 WAYNE
008 D02AA02 PA
008 D03AA02 19087
008 A00AA03 CREDIT SUISSE ASSET MANAGEMENT
008 B00AA03 S
008 C00AA03 801-37170
008 D01AA03 NEW YORK
008 D02AA03 NY
008 D03AA03 10022
008 A00AA04 BABSON-STEWART IVORY INTERNATIONAL
008 B00AA04 S
008 C00AA04 801-30247
008 D01AA04 CAMBRIDGE
008 D02AA04 MA
008 D03AA04 02142
012 A00AA01 OPPENHEIMERFUNDS SERVICES
012 B00AA01 84-1562
012 C01AA01 ENGLEWOOD
012 C02AA01 CO
012 C03AA01 80112
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 DENVER
013 B02AA01 CO
013 B03AA01 80202
015 A00AA01 BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
<PAGE> PAGE 3
015 C02AA01 NY
015 C03AA01 10206
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 7
019 C00AA00 PANORAMASF
020 A000001 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
020 B000001 13-5674085
020 C000001 722
020 A000002 PAINE WEBBER INC
020 B000002 13-2638166
020 C000002 198
020 A000003 BERNSTEIN, (SANFORD C) & CO., INC.
020 B000003 13-2625874
020 C000003 170
020 A000004 PRUDENTIAL SECURITIES
020 C000004 170
020 A000005 BEAR STEARNS
020 B000005 13-3299429
020 C000005 164
020 A000006 RBC DOMINION SECURITIES
020 B000006 13-5033225
020 C000006 149
020 A000007 DONALDSON, LUFKIN & JENRETTE SECURITIES
020 B000007 13-2741729
020 C000007 121
020 A000008 AUTRANET INC SERVICES
020 B000008 13-2961507
020 C000008 107
020 A000009 MORGAN STANLEY & CO., INC.
020 B000009 13-2655998
020 C000009 98
020 A000010 LEHMAN BROTHERS, INC.
020 B000010 13-2518466
020 C000010 97
021 000000 3427
022 A000001 ZION NATIONAL BANK
022 B000001 87-0189025
022 C000001 15891104
022 D000001 997
022 A000002 FIRST CHICAGO CAPITAL MARKET
022 B000002 36-3595942
022 C000002 674519
022 D000002 0
022 A000003 PAINE WEBBER INC
022 B000003 13-2638166
022 C000003 418155
022 D000003 2363
022 A000004 LEHMAN BROTHERS, INC.
022 B000004 13-2518466
<PAGE> PAGE 4
022 C000004 193630
022 D000004 3812
022 A000005 CS FIRST BOSTON-FOREIGN
022 B000005 13-5659485
022 C000005 154464
022 D000005 0
022 A000006 GOLDMAN SACHS & CO.
022 B000006 13-5108880
022 C000006 86244
022 D000006 10515
022 A000007 SALOMON SMITH BARNEY
022 B000007 13-3082694
022 C000007 44006
022 D000007 0
022 A000008 BANK OF AMERICA NT & SA
022 B000008 94-1687665
022 C000008 26250
022 D000008 13224
022 A000009 COWEN & CO
022 B000009 13-5616116
022 C000009 0
022 D000009 36195
022 A000010 DONALDSON, LUFKIN & JENRETTE SECURITIES
022 B000010 13-2741729
022 C000010 250
022 D000010 34780
023 C000000 17625618
023 D000000 173573
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
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 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
<PAGE> PAGE 5
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
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 0
077 A000000 N
078 000000 N
080 C00AA00 92000
081 A00AA00 Y
<PAGE> PAGE 6
081 B00AA00 86
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 0
072 B000100 0
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 0
072 G000100 0
072 H000100 0
072 I000200 0
072 J000200 0
072 K000200 0
072 L000200 0
072 M000200 0
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 0
072 S000200 0
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 0
072 X000200 0
028 A010300 7428
028 A020300 0
<PAGE> PAGE 7
028 A030300 0
028 A040300 14644
028 B010300 3537
028 B020300 0
028 B030300 0
028 B040300 14812
028 C010300 3886
028 C020300 43582
028 C030300 0
028 C040300 21985
028 D010300 6796
028 D020300 0
028 D030300 0
028 D040300 22231
028 E010300 4323
028 E020300 0
028 E030300 0
028 E040300 23253
028 F010300 5606
028 F020300 0
028 F030300 0
028 F040300 24904
028 G010300 31576
028 G020300 43582
028 G030300 0
028 G040300 121829
028 H000300 0
045 000300 Y
046 000300 Y
047 000300 Y
048 000300 0.000
048 A010300 300000
048 A020300 0.625
048 B010300 100000
048 B020300 0.500
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
<PAGE> PAGE 8
048 K010300 400000
048 K020300 0.450
055 A000300 N
055 B000300 N
056 000300 N
057 000300 N
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 Y
066 E000300 N
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 N
070 G020300 N
<PAGE> PAGE 9
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 N
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 N
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 660632
071 B000300 736981
071 C000300 832536
071 D000300 79
072 A000300 6
072 B000300 1243
072 C000300 5786
072 D000300 0
072 E000300 0
072 F000300 2232
072 G000300 0
072 H000300 0
072 I000300 1
072 J000300 3
072 K000300 22
072 L000300 12
072 M000300 2
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 8
072 R000300 9
072 S000300 3
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 3
072 X000300 2295
072 Y000300 2
<PAGE> PAGE 10
072 Z000300 4736
072AA000300 173498
072BB000300 45203
072CC010300 0
072CC020300 107954
072DD010300 10168
072DD020300 0
072EE000300 33413
073 A010300 0.0374
073 A020300 0.0000
073 B000300 0.1229
073 C000300 0.0000
074 A000300 51
074 B000300 17800
074 C000300 4990
074 D000300 0
074 E000300 0
074 F000300 817948
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 15295
074 K000300 0
074 L000300 1187
074 M000300 5
074 N000300 857276
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 3581
074 S000300 0
074 T000300 853695
074 U010300 266628
074 U020300 0
074 V010300 3.20
074 V020300 0.00
074 W000300 0.0000
074 X000300 0
074 Y000300 0
075 A000300 0
075 B000300 873515
076 000300 0.00
028 A010500 5107
028 A020500 0
028 A030500 0
028 A040500 14512
028 B010500 5024
028 B020500 0
<PAGE> PAGE 11
028 B030500 0
028 B040500 16794
028 C010500 7019
028 C020500 90530
028 C030500 0
028 C040500 21305
028 D010500 8213
028 D020500 0
028 D030500 0
028 D040500 22508
028 E010500 6567
028 E020500 0
028 E030500 0
028 E040500 25882
028 F010500 6849
028 F020500 0
028 F030500 0
028 F040500 29369
028 G010500 38779
028 G020500 90530
028 G030500 0
028 G040500 130370
028 H000500 0
045 000500 Y
046 000500 Y
047 000500 Y
048 000500 0.000
048 A010500 600000
048 A020500 0.625
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 600000
048 K020500 0.450
055 A000500 N
055 B000500 N
<PAGE> PAGE 12
056 000500 N
057 000500 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
063 A000500 0
063 B000500 0.0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 Y
067 000500 Y
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 Y
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
<PAGE> PAGE 13
070 J010500 Y
070 J020500 Y
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 N
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 N
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 744532
071 B000500 780454
071 C000500 1057690
071 D000500 70
072 A000500 6
072 B000500 19106
072 C000500 4844
072 D000500 0
072 E000500 0
072 F000500 3432
072 G000500 0
072 H000500 0
072 I000500 1
072 J000500 22
072 K000500 27
072 L000500 20
072 M000500 17
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 8
072 R000500 11
072 S000500 13
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 7
072 X000500 3558
072 Y000500 6
072 Z000500 20398
072AA000500 160285
072BB000500 47322
072CC010500 0
<PAGE> PAGE 14
072CC020500 114581
072DD010500 43060
072DD020500 0
072EE000500 47470
073 A010500 0.0625
073 A020500 0.0000
073 B000500 0.0689
073 C000500 0.0000
074 A000500 25
074 B000500 54800
074 C000500 104579
074 D000500 370925
074 E000500 4218
074 F000500 722537
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 11037
074 K000500 0
074 L000500 9636
074 M000500 6
074 N000500 1277763
074 O000500 1994
074 P000500 1
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 4697
074 S000500 0
074 T000500 1271071
074 U010500 705525
074 U020500 0
074 V010500 1.80
074 V020500 0.00
074 W000500 0.0000
074 X000500 0
074 Y000500 619
075 A000500 0
075 B000500 1304418
076 000500 0.00
028 A010600 375
028 A020600 0
028 A030600 0
028 A040600 335
028 B010600 378
028 B020600 0
028 B030600 0
028 B040600 357
028 C010600 101
028 C020600 1341
<PAGE> PAGE 15
028 C030600 0
028 C040600 227
028 D010600 107
028 D020600 0
028 D030600 0
028 D040600 569
028 E010600 81
028 E020600 0
028 E030600 0
028 E040600 614
028 F010600 154
028 F020600 0
028 F030600 0
028 F040600 1343
028 G010600 1196
028 G020600 1341
028 G030600 0
028 G040600 3445
028 H000600 0
045 000600 Y
046 000600 Y
047 000600 Y
048 000600 0.000
048 A010600 300000
048 A020600 0.525
048 B010600 100000
048 B020600 0.500
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 400000
048 K020600 0.450
055 A000600 Y
055 B000600 N
056 000600 N
057 000600 N
062 A000600 Y
062 B000600 0.0
<PAGE> PAGE 16
062 C000600 0.0
062 D000600 4.1
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 18.6
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 52.6
062 N000600 23.5
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 0
063 B000600 6.4
064 A000600 N
064 B000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 Y
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 N
070 M020600 N
<PAGE> PAGE 17
070 N010600 Y
070 N020600 N
070 O010600 N
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 0
071 B000600 0
071 C000600 19690
071 D000600 0
072 A000600 6
072 B000600 756
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 62
072 G000600 0
072 H000600 0
072 I000600 1
072 J000600 1
072 K000600 0
072 L000600 3
072 M000600 1
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 7
072 R000600 2
072 S000600 1
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 2
072 X000600 80
072 Y000600 1
072 Z000600 676
072AA000600 3
072BB000600 165
072CC010600 0
072CC020600 1116
072DD010600 1341
072DD020600 0
072EE000600 0
073 A010600 0.0610
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
<PAGE> PAGE 18
074 A000600 20
074 B000600 900
074 C000600 4106
074 D000600 16804
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 4
074 K000600 0
074 L000600 310
074 M000600 0
074 N000600 22144
074 O000600 0
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 72
074 S000600 0
074 T000600 22072
074 U010600 21135
074 U020600 0
074 V010600 1.04
074 V020600 0.00
074 W000600 0.0000
074 X000600 0
074 Y000600 2843
075 A000600 0
075 B000600 23922
076 000600 0.00
028 A010700 784
028 A020700 0
028 A030700 0
028 A040700 1446
028 B010700 1267
028 B020700 0
028 B030700 0
028 B040700 1813
028 C010700 1304
028 C020700 2572
028 C030700 0
028 C040700 2944
028 D010700 1564
028 D020700 0
028 D030700 0
028 D040700 1980
028 E010700 2364
028 E020700 0
<PAGE> PAGE 19
028 E030700 0
028 E040700 2885
028 F010700 1880
028 F020700 0
028 F030700 0
028 F040700 2473
028 G010700 9163
028 G020700 2572
028 G030700 0
028 G040700 13541
028 H000700 0
045 000700 Y
046 000700 Y
047 000700 Y
048 000700 0.000
048 A010700 250000
048 A020700 1.000
048 B010700 0
048 B020700 0.000
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 250000
048 K020700 0.900
055 A000700 Y
055 B000700 N
056 000700 N
057 000700 N
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
<PAGE> PAGE 20
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
063 B000700 0.0
066 A000700 Y
066 B000700 N
066 C000700 N
066 D000700 Y
066 E000700 N
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 Y
069 000700 N
070 A010700 Y
070 A020700 Y
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 Y
070 N010700 Y
070 N020700 N
070 O010700 N
070 O020700 N
<PAGE> PAGE 21
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 20664
071 B000700 24994
071 C000700 97711
071 D000700 21
072 A000700 6
072 B000700 58
072 C000700 757
072 D000700 0
072 E000700 0
072 F000700 502
072 G000700 0
072 H000700 0
072 I000700 1
072 J000700 14
072 K000700 3
072 L000700 4
072 M000700 1
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 8
072 R000700 4
072 S000700 2
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 1
072 X000700 540
072 Y000700 2
072 Z000700 277
072AA000700 6399
072BB000700 1683
072CC010700 0
072CC020700 2809
072DD010700 580
072DD020700 0
072EE000700 1992
073 A010700 0.0090
073 A020700 0.0000
073 B000700 0.0309
073 C000700 0.0000
074 A000700 0
074 B000700 3200
074 C000700 0
074 D000700 0
<PAGE> PAGE 22
074 E000700 0
074 F000700 98047
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 660
074 K000700 0
074 L000700 193
074 M000700 2
074 N000700 102102
074 O000700 48
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 845
074 S000700 0
074 T000700 101209
074 U010700 64749
074 U020700 0
074 V010700 1.56
074 V020700 0.00
074 W000700 0.0000
074 X000700 0
074 Y000700 0
075 A000700 0
075 B000700 101126
076 000700 0.00
028 A010800 430
028 A020800 0
028 A030800 0
028 A040800 144
028 B010800 1248
028 B020800 0
028 B030800 0
028 B040800 206
028 C010800 1051
028 C020800 2720
028 C030800 0
028 C040800 902
028 D010800 676
028 D020800 0
028 D030800 0
028 D040800 266
028 E010800 512
028 E020800 0
028 E030800 0
028 E040800 83
028 F010800 561
028 F020800 0
<PAGE> PAGE 23
028 F030800 0
028 F040800 349
028 G010800 4478
028 G020800 2720
028 G030800 0
028 G040800 1950
028 H000800 0
045 000800 Y
046 000800 Y
047 000800 Y
048 000800 0.000
048 A010800 250000
048 A020800 0.750
048 B010800 0
048 B020800 0.000
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 250000
048 K020800 0.650
055 A000800 Y
055 B000800 N
056 000800 N
057 000800 N
062 A000800 Y
062 B000800 0.0
062 C000800 0.0
062 D000800 10.3
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 23.9
062 N000800 5.7
<PAGE> PAGE 24
062 O000800 0.0
062 P000800 29.4
062 Q000800 6.1
062 R000800 22.1
063 A000800 0
063 B000800 5.4
064 A000800 N
064 B000800 Y
065 000800 N
066 A000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 Y
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 N
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 9812
<PAGE> PAGE 25
071 B000800 5429
071 C000800 39645
071 D000800 14
072 A000800 6
072 B000800 1278
072 C000800 147
072 D000800 0
072 E000800 0
072 F000800 168
072 G000800 0
072 H000800 0
072 I000800 1
072 J000800 2
072 K000800 1
072 L000800 1
072 M000800 1
072 N000800 1
072 O000800 0
072 P000800 0
072 Q000800 8
072 R000800 3
072 S000800 2
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 1
072 X000800 189
072 Y000800 1
072 Z000800 1238
072AA000800 585
072BB000800 266
072CC010800 0
072CC020800 1181
072DD010800 2158
072DD020800 0
072EE000800 563
073 A010800 0.0556
073 A020800 0.0000
073 B000800 0.0145
073 C000800 0.0000
074 A000800 646
074 B000800 4797
074 C000800 0
074 D000800 30313
074 E000800 50
074 F000800 10278
074 G000800 0
074 H000800 0
074 I000800 4
074 J000800 53
074 K000800 0
<PAGE> PAGE 26
074 L000800 567
074 M000800 2
074 N000800 46710
074 O000800 53
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 74
074 S000800 0
074 T000800 46583
074 U010800 42120
074 U020800 0
074 V010800 1.11
074 V020800 0.00
074 W000800 0.0000
074 X000800 0
074 Y000800 983
075 A000800 0
075 B000800 45223
076 000800 0.00
028 A010900 484
028 A020900 0
028 A030900 0
028 A040900 609
028 B010900 369
028 B020900 0
028 B030900 0
028 B040900 1256
028 C010900 685
028 C020900 2601
028 C030900 0
028 C040900 530
028 D010900 874
028 D020900 0
028 D030900 0
028 D040900 1033
028 E010900 869
028 E020900 0
028 E030900 0
028 E040900 878
028 F010900 912
028 F020900 0
028 F030900 0
028 F040900 678
028 G010900 4193
028 G020900 2601
028 G030900 0
028 G040900 4984
028 H000900 0
<PAGE> PAGE 27
045 000900 Y
046 000900 Y
047 000900 Y
048 000900 0.000
048 A010900 250000
048 A020900 0.850
048 B010900 0
048 B020900 0.000
048 C010900 0
048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 250000
048 K020900 0.750
055 A000900 Y
055 B000900 N
056 000900 N
057 000900 N
062 A000900 N
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
063 A000900 0
063 B000900 0.0
066 A000900 Y
<PAGE> PAGE 28
066 B000900 N
066 C000900 Y
066 D000900 N
066 E000900 N
066 F000900 N
066 G000900 N
067 000900 Y
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 Y
070 N010900 Y
070 N020900 N
070 O010900 N
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900 31141
071 B000900 28316
071 C000900 77363
071 D000900 37
072 A000900 6
<PAGE> PAGE 29
072 B000900 1446
072 C000900 363
072 D000900 0
072 E000900 0
072 F000900 358
072 G000900 0
072 H000900 0
072 I000900 1
072 J000900 2
072 K000900 0
072 L000900 5
072 M000900 1
072 N000900 0
072 O000900 0
072 P000900 0
072 Q000900 8
072 R000900 4
072 S000900 2
072 T000900 0
072 U000900 0
072 V000900 0
072 W000900 2
072 X000900 383
072 Y000900 2
072 Z000900 1428
072AA000900 6051
072BB000900 2374
072CC010900 0
072CC020900 2965
072DD010900 2601
072DD020900 0
072EE000900 0
073 A010900 0.0391
073 A020900 0.0000
073 B000900 0.0000
073 C000900 0.0000
074 A000900 432
074 B000900 6098
074 C000900 0
074 D000900 29348
074 E000900 101
074 F000900 50177
074 G000900 0
074 H000900 0
074 I000900 7
074 J000900 554
074 K000900 0
074 L000900 664
074 M000900 2
074 N000900 87383
074 O000900 5
<PAGE> PAGE 30
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 156
074 S000900 0
074 T000900 87222
074 U010900 68656
074 U020900 0
074 V010900 1.27
074 V020900 0.00
074 W000900 0.0000
074 X000900 0
074 Y000900 729
075 A000900 0
075 B000900 84936
076 000900 0.00
028 A011000 462
028 A021000 0
028 A031000 0
028 A041000 628
028 B011000 172
028 B021000 0
028 B031000 0
028 B041000 827
028 C011000 249
028 C021000 1572
028 C031000 0
028 C041000 592
028 D011000 371
028 D021000 0
028 D031000 0
028 D041000 748
028 E011000 417
028 E021000 0
028 E031000 0
028 E041000 479
028 F011000 378
028 F021000 0
028 F031000 0
028 F041000 830
028 G011000 2049
028 G021000 1572
028 G031000 0
028 G041000 4104
028 H001000 0
045 001000 Y
046 001000 Y
047 001000 Y
048 001000 0.000
<PAGE> PAGE 31
048 A011000 250000
048 A021000 0.850
048 B011000 0
048 B021000 0.000
048 C011000 0
048 C021000 0.000
048 D011000 0
048 D021000 0.000
048 E011000 0
048 E021000 0.000
048 F011000 0
048 F021000 0.000
048 G011000 0
048 G021000 0.000
048 H011000 0
048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 250000
048 K021000 0.750
055 A001000 Y
055 B001000 N
056 001000 N
057 001000 N
062 A001000 N
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
063 A001000 0
063 B001000 0.0
066 A001000 Y
066 B001000 N
066 C001000 Y
066 D001000 N
066 E001000 N
<PAGE> PAGE 32
066 F001000 N
066 G001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 Y
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 Y
070 M011000 Y
070 M021000 Y
070 N011000 Y
070 N021000 N
070 O011000 N
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000 30145
071 B001000 29050
071 C001000 64896
071 D001000 45
072 A001000 6
072 B001000 722
072 C001000 406
072 D001000 0
072 E001000 0
<PAGE> PAGE 33
072 F001000 301
072 G001000 0
072 H001000 0
072 I001000 1
072 J001000 5
072 K001000 0
072 L001000 4
072 M001000 1
072 N001000 0
072 O001000 0
072 P001000 0
072 Q001000 8
072 R001000 4
072 S001000 2
072 T001000 0
072 U001000 0
072 V001000 0
072 W001000 2
072 X001000 328
072 Y001000 2
072 Z001000 802
072AA001000 6663
072BB001000 2502
072CC011000 0
072CC021000 2654
072DD011000 1572
072DD021000 0
072EE001000 0
073 A011000 0.0297
073 A021000 0.0000
073 B001000 0.0000
073 C001000 0.0000
074 A001000 11
074 B001000 4672
074 C001000 0
074 D001000 12186
074 E001000 51
074 F001000 55431
074 G001000 0
074 H001000 0
074 I001000 9
074 J001000 595
074 K001000 0
074 L001000 336
074 M001000 1
074 N001000 73292
074 O001000 51
074 P001000 0
074 Q001000 0
074 R011000 0
074 R021000 0
<PAGE> PAGE 34
074 R031000 0
074 R041000 138
074 S001000 0
074 T001000 73103
074 U011000 53428
074 U021000 0
074 V011000 1.37
074 V021000 0.00
074 W001000 0.0000
074 X001000 0
074 Y001000 729
075 A001000 0
075 B001000 71438
076 001000 0.00
062 A002800 N
062 B002800 0.0
062 C002800 0.0
062 D002800 0.0
062 E002800 0.0
062 F002800 0.0
062 G002800 0.0
062 H002800 0.0
062 I002800 0.0
062 J002800 0.0
062 K002800 0.0
062 L002800 0.0
062 M002800 0.0
062 N002800 0.0
062 O002800 0.0
062 P002800 0.0
062 Q002800 0.0
062 R002800 0.0
SIGNATURE BRIAN W. WIXTED
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 355411
<NAME> International Equity Portfolio
<SERIES>
<NUMBER> 7
<NAME> Panorama Series Fund, Inc.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 78,155,947
<INVESTMENTS-AT-VALUE> 101,247,527
<RECEIVABLES> 853,419
<ASSETS-OTHER> 1,545
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 102,102,491
<PAYABLE-FOR-SECURITIES> 48,079
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 845,195
<TOTAL-LIABILITIES> 893,274
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 74,909,754
<SHARES-COMMON-STOCK> 64,748,701
<SHARES-COMMON-PRIOR> 65,894,927
<ACCUMULATED-NII-CURRENT> 273,624
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,939,720
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23,086,119
<NET-ASSETS> 101,209,217
<DIVIDEND-INCOME> 757,095
<INTEREST-INCOME> 58,341
<OTHER-INCOME> 0
<EXPENSES-NET> 538,289
<NET-INVESTMENT-INCOME> 277,147
<REALIZED-GAINS-CURRENT> 4,715,525
<APPREC-INCREASE-CURRENT> (2,809,073)
<NET-CHANGE-FROM-OPS> 2,183,599
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 580,211
<DISTRIBUTIONS-OF-GAINS> 1,992,059
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,921,540
<NUMBER-OF-SHARES-REDEEMED> 8,771,256
<SHARES-REINVESTED> 1,703,490
<NET-CHANGE-IN-ASSETS> (2,194,531)
<ACCUMULATED-NII-PRIOR> 576,688
<ACCUMULATED-GAINS-PRIOR> 216,254
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 501,530
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 539,856
<AVERAGE-NET-ASSETS> 101,126,000
<PER-SHARE-NAV-BEGIN> 1.57
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.03
<PER-SHARE-DIVIDEND> 0.01
<PER-SHARE-DISTRIBUTIONS> 0.03
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.56
<EXPENSE-RATIO> 1.07
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 355411
<NAME> LifeSpan Diversified Income Portfolio
<SERIES>
<NUMBER> 8
<NAME> Panorama Series Fund, Inc.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 45,219,085
<INVESTMENTS-AT-VALUE> 45,441,859
<RECEIVABLES> 619,675
<ASSETS-OTHER> 1,525
<OTHER-ITEMS-ASSETS> 646,464
<TOTAL-ASSETS> 46,709,523
<PAYABLE-FOR-SECURITIES> 52,645
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 73,585
<TOTAL-LIABILITIES> 126,230
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 44,818,401
<SHARES-COMMON-STOCK> 42,119,595
<SHARES-COMMON-PRIOR> 37,415,435
<ACCUMULATED-NII-CURRENT> 1,230,206
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 311,912
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 222,774
<NET-ASSETS> 46,583,293
<DIVIDEND-INCOME> 147,431
<INTEREST-INCOME> 1,277,679
<OTHER-INCOME> 0
<EXPENSES-NET> 187,574
<NET-INVESTMENT-INCOME> 1,237,536
<REALIZED-GAINS-CURRENT> 319,480
<APPREC-INCREASE-CURRENT> (1,181,466)
<NET-CHANGE-FROM-OPS> 375,550
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,157,524
<DISTRIBUTIONS-OF-GAINS> 562,664
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,952,422
<NUMBER-OF-SHARES-REDEEMED> 1,743,847
<SHARES-REINVESTED> 2,495,585
<NET-CHANGE-IN-ASSETS> 2,904,212
<ACCUMULATED-NII-PRIOR> 2,150,194
<ACCUMULATED-GAINS-PRIOR> 555,096
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 168,130
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 189,050
<AVERAGE-NET-ASSETS> 45,223,000
<PER-SHARE-NAV-BEGIN> 1.17
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> (0.02)
<PER-SHARE-DIVIDEND> 0.06
<PER-SHARE-DISTRIBUTIONS> 0.01
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.11
<EXPENSE-RATIO> 0.84
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 355411
<NAME> TOTAL RETURN PORTFOLIO
<SERIES>
<NUMBER> 5
<NAME> PANORAMA SERIES FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 1,232,388,742
<INVESTMENTS-AT-VALUE> 1,257,059,440
<RECEIVABLES> 20,672,727
<ASSETS-OTHER> 6,173
<OTHER-ITEMS-ASSETS> 24,968
<TOTAL-ASSETS> 1,277,763,308
<PAYABLE-FOR-SECURITIES> 1,994,540
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,697,506
<TOTAL-LIABILITIES> 6,692,046
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,116,112,873
<SHARES-COMMON-STOCK> 705,524,863
<SHARES-COMMON-PRIOR> 704,410,395
<ACCUMULATED-NII-CURRENT> 20,324,473
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 102,470,760
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 32,163,156
<NET-ASSETS> 1,271,071,262
<DIVIDEND-INCOME> 4,843,914
<INTEREST-INCOME> 19,106,232
<OTHER-INCOME> 0
<EXPENSES-NET> 3,552,117
<NET-INVESTMENT-INCOME> 20,398,029
<REALIZED-GAINS-CURRENT> 112,962,769
<APPREC-INCREASE-CURRENT> (114,580,688)
<NET-CHANGE-FROM-OPS> 18,780,110
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 43,060,498
<DISTRIBUTIONS-OF-GAINS> 47,469,898
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 21,232,104
<NUMBER-OF-SHARES-REDEEMED> 71,555,361
<SHARES-REINVESTED> 51,437,725
<NET-CHANGE-IN-ASSETS> (72,811,117)
<ACCUMULATED-NII-PRIOR> 42,986,942
<ACCUMULATED-GAINS-PRIOR> 36,977,889
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,432,356
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,558,312
<AVERAGE-NET-ASSETS> 1,304,000,000
<PER-SHARE-NAV-BEGIN> 1.91
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> (0.01)
<PER-SHARE-DIVIDEND> 0.06
<PER-SHARE-DISTRIBUTIONS> 0.07
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.80
<EXPENSE-RATIO> 0.55
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 355411
<NAME> LifeSpan Balanced Portfolio
<SERIES>
<NUMBER> 9
<NAME> Panorama Series Fund, Inc.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 78,462,280
<INVESTMENTS-AT-VALUE> 85,731,661
<RECEIVABLES> 1,217,525
<ASSETS-OTHER> 1,541
<OTHER-ITEMS-ASSETS> 431,831
<TOTAL-ASSETS> 87,382,558
<PAYABLE-FOR-SECURITIES> 4,808
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 155,372
<TOTAL-LIABILITIES> 160,180
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 75,808,799
<SHARES-COMMON-STOCK> 68,656,012
<SHARES-COMMON-PRIOR> 67,154,567
<ACCUMULATED-NII-CURRENT> 1,422,665
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,722,281
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,268,633
<NET-ASSETS> 87,222,378
<DIVIDEND-INCOME> 362,622
<INTEREST-INCOME> 1,445,933
<OTHER-INCOME> 0
<EXPENSES-NET> 380,846
<NET-INVESTMENT-INCOME> 1,427,709
<REALIZED-GAINS-CURRENT> 3,677,462
<APPREC-INCREASE-CURRENT> (2,965,110)
<NET-CHANGE-FROM-OPS> 2,140,061
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,600,511
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,354,063
<NUMBER-OF-SHARES-REDEEMED> 3,984,184
<SHARES-REINVESTED> 2,131,566
<NET-CHANGE-IN-ASSETS> 1,348,968
<ACCUMULATED-NII-PRIOR> 2,595,467
<ACCUMULATED-GAINS-PRIOR> (955,181)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 357,979
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 383,093
<AVERAGE-NET-ASSETS> 84,936,000
<PER-SHARE-NAV-BEGIN> 1.28
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> 0.04
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.27
<EXPENSE-RATIO> 0.91
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 355411
<NAME> LifeSpan Capital Appreciation Portfolio
<SERIES>
<NUMBER> 10
<NAME> Panorama Series Fund, Inc.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 63,859,105
<INVESTMENTS-AT-VALUE> 72,349,034
<RECEIVABLES> 930,884
<ASSETS-OTHER> 1,341
<OTHER-ITEMS-ASSETS> 10,601
<TOTAL-ASSETS> 73,291,860
<PAYABLE-FOR-SECURITIES> 50,484
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 138,256
<TOTAL-LIABILITIES> 188,740
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 60,842,088
<SHARES-COMMON-STOCK> 53,427,545
<SHARES-COMMON-PRIOR> 53,762,813
<ACCUMULATED-NII-CURRENT> 800,459
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,970,088
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,489,575
<NET-ASSETS> 73,103,120
<DIVIDEND-INCOME> 405,610
<INTEREST-INCOME> 722,316
<OTHER-INCOME> 0
<EXPENSES-NET> 325,637
<NET-INVESTMENT-INCOME> 802,289
<REALIZED-GAINS-CURRENT> 4,160,646
<APPREC-INCREASE-CURRENT> (2,654,175)
<NET-CHANGE-FROM-OPS> 2,308,760
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,572,323
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,536,630
<NUMBER-OF-SHARES-REDEEMED> 3,081,378
<SHARES-REINVESTED> 1,209,480
<NET-CHANGE-IN-ASSETS> 253,967
<ACCUMULATED-NII-PRIOR> 1,570,493
<ACCUMULATED-GAINS-PRIOR> (1,189,648)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 301,109
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 327,888
<AVERAGE-NET-ASSETS> 71,438,000
<PER-SHARE-NAV-BEGIN> 1.36
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.02
<PER-SHARE-DIVIDEND> 0.03
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.37
<EXPENSE-RATIO> 0.92
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 355411
<NAME> Growth Portfolio
<SERIES>
<NUMBER> 3
<NAME> Panorama Series Fund, Inc.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 764,432,431
<INVESTMENTS-AT-VALUE> 840,738,393
<RECEIVABLES> 16,482,096
<ASSETS-OTHER> 4,821
<OTHER-ITEMS-ASSETS> 51,034
<TOTAL-ASSETS> 857,276,344
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,581,318
<TOTAL-LIABILITIES> 3,581,318
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 644,494,752
<SHARES-COMMON-STOCK> 266,628,422
<SHARES-COMMON-PRIOR> 280,759,431
<ACCUMULATED-NII-CURRENT> 4,734,667
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 128,159,645
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 76,305,962
<NET-ASSETS> 853,695,026
<DIVIDEND-INCOME> 5,785,797
<INTEREST-INCOME> 1,242,524
<OTHER-INCOME> 0
<EXPENSES-NET> 2,292,306
<NET-INVESTMENT-INCOME> 4,736,015
<REALIZED-GAINS-CURRENT> 128,295,491
<APPREC-INCREASE-CURRENT> (107,954,311)
<NET-CHANGE-FROM-OPS> 25,077,195
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 10,168,122
<DISTRIBUTIONS-OF-GAINS> 33,413,443
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,869,550
<NUMBER-OF-SHARES-REDEEMED> 38,289,597
<SHARES-REINVESTED> 14,289,038
<NET-CHANGE-IN-ASSETS> (65,176,433)
<ACCUMULATED-NII-PRIOR> 10,166,774
<ACCUMULATED-GAINS-PRIOR> 33,277,597
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,232,483
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,294,773
<AVERAGE-NET-ASSETS> 873,515,000
<PER-SHARE-NAV-BEGIN> 3.27
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.07
<PER-SHARE-DIVIDEND> 0.04
<PER-SHARE-DISTRIBUTIONS> 0.12
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 3.20
<EXPENSE-RATIO> 0.53
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 355411
<NAME> Government Securities Portfolio
<SERIES>
<NUMBER> 6
<NAME> Panorama Series Fund, Inc.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 21,666,467
<INVESTMENTS-AT-VALUE> 21,810,021
<RECEIVABLES> 313,685
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 20,358
<TOTAL-ASSETS> 22,144,064
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 71,809
<TOTAL-LIABILITIES> 71,809
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 22,046,307
<SHARES-COMMON-STOCK> 21,135,411
<SHARES-COMMON-PRIOR> 22,014,005
<ACCUMULATED-NII-CURRENT> 673,643
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (771,694)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 123,999
<NET-ASSETS> 22,072,255
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 755,858
<OTHER-INCOME> 0
<EXPENSES-NET> 79,453
<NET-INVESTMENT-INCOME> 676,405
<REALIZED-GAINS-CURRENT> (162,304)
<APPREC-INCREASE-CURRENT> (1,116,075)
<NET-CHANGE-FROM-OPS> (601,974)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,340,571
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,087,607
<NUMBER-OF-SHARES-REDEEMED> 3,230,891
<SHARES-REINVESTED> 1,264,690
<NET-CHANGE-IN-ASSETS> (2,850,624)
<ACCUMULATED-NII-PRIOR> 1,337,809
<ACCUMULATED-GAINS-PRIOR> (609,390)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 62,319
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 80,204
<AVERAGE-NET-ASSETS> 23,922,000
<PER-SHARE-NAV-BEGIN> 1.13
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> (0.06)
<PER-SHARE-DIVIDEND> 0.06
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.04
<EXPENSE-RATIO> 0.67
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
