WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 355411
<NAME> TOTAL RETURN PORTFOLIO
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<NUMBER> 5
<NAME> PANORAMA SERIES FUND, INC.
<S> <C>
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[AVG-DEBT-OUTSTANDING] 0
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</TABLE>
