<PAGE> PAGE 1
000 A000000 02/28/94
000 C000000 0000055615
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 KEYSTONE CUSTODIAN FUND B-2
001 B000000 811-93
001 C000000 6173383200
002 A000000 200 BERKELEY STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02116
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
028 A010000 12018
028 A020000 11202
028 A030000 0
028 A040000 18404
028 B010000 16812
028 B020000 0
028 B030000 0
028 B040000 13442
028 C010000 14940
028 C020000 0
028 C030000 0
028 C040000 16034
028 D010000 18904
028 D020000 11240
028 D030000 0
028 D040000 15267
028 E010000 12093
028 E020000 0
028 E030000 0
028 E040000 35423
028 F010000 10431
028 F020000 0
028 F030000 0
028 F040000 30040
028 G010000 85198
028 G020000 22442
028 G030000 0
028 G040000 128610
028 H000000 0
<PAGE> PAGE 2
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 4777
044 000000 0
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 6.3
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 8.2
062 O000000 0.0
062 P000000 84.4
062 Q000000 0.0
062 R000000 1.1
071 A000000 916558
071 B000000 970926
071 C000000 1000883
071 D000000 94
072 A000000 6
072 B000000 39712
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 2420
072 G000000 0
072 H000000 0
072 I000000 996
072 J000000 157
072 K000000 0
072 L000000 30
072 M000000 29
072 N000000 20
072 O000000 0
072 P000000 0
072 Q000000 13
072 R000000 12
072 S000000 68
<PAGE> PAGE 3
072 T000000 4777
072 U000000 0
072 V000000 0
072 W000000 125
072 X000000 8647
072 Y000000 0
072 Z000000 31065
072AA000000 20518
072BB000000 0
072CC010000 0
072CC020000 34299
072DD010000 38934
072DD020000 0
072EE000000 0
073 A010000 0.6600
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 275
074 B000000 60208
074 C000000 112
074 D000000 893220
074 E000000 0
074 F000000 10764
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 20231
074 K000000 0
074 L000000 55493
074 M000000 135
074 N000000 1040438
074 O000000 33039
074 P000000 0
074 Q000000 0
074 R010000 45627
074 R020000 0
074 R030000 0
074 R040000 0
074 S000000 0
074 T000000 961772
074 U010000 57643
074 U020000 0
074 V010000 16.69
074 V020000 0.00
074 W000000 0.0000
074 X000000 41674
074 Y000000 0
075 A000000 0
075 B000000 1000883
076 000000 0.00
<PAGE> PAGE 4
077 A000000 N
SIGNATURE KEVIN J. MORRISSEY
TITLE ASSISTANT TREASURER