ASTRA STRATEGIC INVESTMENT SERIES
NSAR-A, 1995-06-29
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<PAGE>      PAGE  1
000 A000000 04/30/95
000 C000000 0000061435
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
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000 I000000 3.0.a
000 J000000 A
001 A000000 ASTRA STRATEGIC INVESTMENT SERIES
001 B000000 811-38
001 C000000 3108597400
002 A000000 9595 WILSHIRE BLVD
002 B000000 BEVERLY HILLS
002 C000000 CA
002 D010000 90212
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 10
007 C010100  1
007 C010200  2
007 C020200 ADJUSTABLE US GOVERNMENT SECURITIES TRUST I
007 C030200 N
007 C010300  3
007 C020300 ADJUSTABLE US GOVERNMENT SECURITIES TRUST II
007 C030300 N
007 C010400  4
007 C020400 ADJUSTABLE US GOVERNMENT SECURITIES TRUST III
007 C030400 N
007 C010500  5
007 C020500 ADJUSTABLE RATE SECURITIES TRUST I
007 C030500 N
007 C010600  6
007 C020600 ADJUSTABLE RATE SECURITIES TRUST II
007 C030600 N
007 C010700  7
007 C020700 ADJUSTABLE RATE SECURITIES TRUST III
007 C030700 N
007 C010800  8
007 C020800 ADJUSTABLE US GOVERNMENT SECURITIES TRUST I-A
007 C030800 N
007 C010900  9
007 C020900 ADJUSTABLE RATE SECURITIES TRUST I-A
007 C030900 N
007 C011000 10
007 C021000 ADJUSTABLE US GOVERNMENT SECURITIES IV
007 C031000 N
007 C011100 11
<PAGE>      PAGE  2
007 C021100 ADJUSTABLE RATE SECURITIES TRUST IV
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007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
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008 A00AA01 ASTRA MANAGEMENT CORPORATION
008 B00AA01 A
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008 D01AA01 BEVERLY HILLS
008 D02AA01 CA
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010 A00AA01 PFPC INC.
010 C01AA01 WILMINGTON
010 C02AA01 DE
010 C03AA01 19809
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011 C02AA01 CA
011 C03AA01 90212
012 A00AA01 INVESTORS FIDUCIARY TRUST COMPANY
012 B00AA01 85-00535
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64105
012 C04AA01 1594
013 A00AA01 TAIT, WELLER & BAKER
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19102
013 B04AA01 1707
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
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<PAGE>      PAGE  28
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<PAGE>      PAGE  32
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<PAGE>      PAGE  34
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<PAGE>      PAGE  38
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070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 N
070 N020900 N
070 O010900 N
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900      1043
071 B000900     95454
071 C000900     69962
071 D000900    1
072 A000900  6
072 B000900        0
<PAGE>      PAGE  39
072 C000900     2699
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072 E000900        0
072 F000900        0
072 G000900       35
072 H000900        0
072 I000900       96
072 J000900        0
072 K000900        0
072 L000900       10
072 M000900        9
072 N000900       19
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072 P000900        0
072 Q000900        0
072 R000900        5
072 S000900        7
072 T000900      348
072 U000900        5
072 V000900        0
072 W000900       28
072 X000900      562
072 Y000900        0
072 Z000900     2137
072AA000900        0
072BB000900    28127
072CC010900        0
072CC020900     2333
072DD010900     2576
072DD020900        0
072EE000900        0
073 A010900   0.1920
073 A020900   0.0000
073 B000900   0.0000
073 C000900   0.0000
074 A000900        0
074 B000900        0
074 C000900        0
074 D000900        0
074 E000900        0
074 F000900        0
074 G000900        0
074 H000900        0
074 I000900    33240
074 J000900        0
074 K000900        0
074 L000900        2
074 M000900       20
074 N000900    33262
074 O000900        0
074 P000900        0
<PAGE>      PAGE  40
074 Q000900        0
074 R010900        0
074 R020900        0
074 R030900        0
074 R040900      776
074 S000900        0
074 T000900    32486
074 U010900     7284
074 U020900        0
074 V010900     4.46
074 V020900     0.00
074 W000900   0.0000
074 X000900     2327
074 Y000900        0
075 A000900        0
075 B000900    13647
076  000900     0.00
028 A011000         1
028 A021000        30
028 A031000         0
028 A041000      2996
028 B011000        42
028 B021000        31
028 B031000         0
028 B041000      1695
028 C011000        46
028 C021000        27
028 C031000         0
028 C041000      1281
028 D011000         0
028 D021000        18
028 D031000         0
028 D041000       331
028 E011000         0
028 E021000        17
028 E031000         0
028 E041000       450
028 F011000         0
028 F021000         0
028 F031000         0
028 F041000       224
028 G011000        89
028 G021000       123
028 G031000         0
028 G041000      6977
028 H001000         0
029  001000 N
030 A001000      0
030 B001000  0.00
030 C001000  0.00
034  001000 Y
<PAGE>      PAGE  41
035  001000      0
036 A001000 N
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037  001000 N
038  001000      0
039  001000 N
040  001000 Y
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042 B001000   0
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042 D001000   0
042 E001000   0
042 F001000   0
042 G001000   0
042 H001000   0
043  001000     21
044  001000      0
045  001000 N
048  001000  0.000
048 A011000        0
048 A021000 0.000
048 B011000        0
048 B021000 0.000
048 C011000        0
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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        0
048 K021000 0.000
055 A001000 N
055 B001000 N
056  001000 N
057  001000 N
058 A001000 N
059  001000 Y
060 A001000 N
060 B001000 N
061  001000   500000
<PAGE>      PAGE  42
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
066 A001000 Y
066 B001000 N
066 C001000 N
066 D001000 N
066 E001000 N
066 F001000 Y
066 G001000 N
067  001000 N
068 A001000 N
068 B001000 N
069  001000 N
070 A011000 N
070 A021000 N
070 B011000 N
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 Y
070 K011000 Y
070 K021000 Y
<PAGE>      PAGE  43
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 N
070 N021000 N
070 O011000 N
070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000       167
071 B001000      7053
071 C001000      6915
071 D001000    2
072 A001000  6
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072 D001000        0
072 E001000        0
072 F001000        0
072 G001000        3
072 H001000        0
072 I001000        2
072 J001000        0
072 K001000        0
072 L001000        0
072 M001000        0
072 N001000        8
072 O001000        0
072 P001000        0
072 Q001000        0
072 R001000        0
072 S001000        2
072 T001000       21
072 U001000        5
072 V001000        0
072 W001000        2
072 X001000       44
072 Y001000        2
072 Z001000      156
072AA001000        0
072BB001000     1188
072CC011000      323
072CC021000        0
072DD011000      198
072DD021000        0
072EE001000        0
<PAGE>      PAGE  44
073 A011000   0.1700
073 A021000   0.0000
073 B001000   0.0000
073 C001000   0.0000
074 A001000        0
074 B001000        0
074 C001000        0
074 D001000        0
074 E001000        0
074 F001000        0
074 G001000        0
074 H001000        0
074 I001000     4862
074 J001000        0
074 K001000        0
074 L001000        4
074 M001000       35
074 N001000     4901
074 O001000        0
074 P001000        0
074 Q001000        0
074 R011000        0
074 R021000        0
074 R031000        0
074 R041000        9
074 S001000        0
074 T001000     4892
074 U011000      839
074 U021000        0
074 V011000     5.83
074 V021000     0.00
074 W001000   0.0000
074 X001000      195
074 Y001000        0
075 A001000        0
075 B001000     7204
076  001000     0.00
028 A011100       363
028 A021100        39
028 A031100         0
028 A041100     15905
028 B011100       195
028 B021100        75
028 B031100         0
028 B041100     18099
028 C011100       155
028 C021100        51
028 C031100         0
028 C041100      9711
028 D011100       112
028 D021100        26
<PAGE>      PAGE  45
028 D031100         0
028 D041100      3142
028 E011100        58
028 E021100        24
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028 E041100      3293
028 F011100        43
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028 F031100         0
028 F041100      1059
028 G011100       926
028 G021100       215
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028 G041100     51209
028 H001100         0
029  001100 N
030 A001100      0
030 B001100  0.00
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034  001100 Y
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039  001100 N
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042 D001100   0
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045  001100 N
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048 E021100 0.000
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<PAGE>      PAGE  46
048 F021100 0.000
048 G011100        0
048 G021100 0.000
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055 A001100 N
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062 K001100   0.0
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066 A001100 Y
066 B001100 N
066 C001100 N
066 D001100 N
066 E001100 N
066 F001100 Y
066 G001100 N
067  001100 N
068 A001100 N
068 B001100 N
069  001100 N
070 A011100 N
070 A021100 N
<PAGE>      PAGE  47
070 B011100 N
070 B021100 N
070 C011100 N
070 C021100 N
070 D011100 N
070 D021100 N
070 E011100 N
070 E021100 N
070 F011100 N
070 F021100 N
070 G011100 N
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 Y
070 K011100 Y
070 K021100 Y
070 L011100 N
070 L021100 N
070 M011100 N
070 M021100 N
070 N011100 N
070 N021100 N
070 O011100 N
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100       358
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<PAGE>      PAGE  48
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073 A011100   0.2070
073 A021100   0.0000
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074 C001100        0
074 D001100        0
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<PAGE>      PAGE  49
074 W001100   0.0000
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076  001100     0.00
SIGNATURE   WENDY MCGEE                                  
TITLE       LEGAL ASSISTANT     
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000061435
<NAME> ASTRA STRATEGIC INVESTMENT SERIES
<SERIES>
   <NUMBER> 2
   <NAME> ASTRA ADJUSTABLE US GOVERNMENT SECURITIES TRUST I
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<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> 0000061435
<NAME> ASTRA STRATEGIC INVESTMENT SERIES
<SERIES>
   <NUMBER> 3
   <NAME> ASTRA ADJUSTABLE US GOVERNMENT SECURITIES TRUST II
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1995
<PERIOD-END>                               APR-30-1995
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<ASSETS-OTHER>                                       0
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<PER-SHARE-GAIN-APPREC>                        (0.629)
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000061435
<NAME> ASTRA STRATEGIC INVESTMENT SERIES
<SERIES>
   <NUMBER> 4
   <NAME> ASTRA ADJUSTABLE US GOVERNMENT SECURITIES TRUST III
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1995
<PERIOD-END>                               APR-30-1995
<INVESTMENTS-AT-COST>                          3958027
<INVESTMENTS-AT-VALUE>                         3435580
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                           594408
<SHARES-COMMON-PRIOR>                          1002514
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         (28103)
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<NET-CHANGE-IN-ASSETS>                       (3032937)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (1352316)
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<INTEREST-EXPENSE>                                   0
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<PER-SHARE-NAV-BEGIN>                            6.480
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<PER-SHARE-GAIN-APPREC>                        (0.626)
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<PER-SHARE-NAV-END>                              5.830
<EXPENSE-RATIO>                                  .0111
<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> 0000061435
<NAME> ASTRA STRATEGIC INVESTMENT SERIES
<SERIES>
   <NUMBER> 5
   <NAME> ASTRA ADJUSTABLE RATE SECURITIES TRUST I
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1995
<PERIOD-END>                               APR-30-1995
<INVESTMENTS-AT-COST>                         16009551
<INVESTMENTS-AT-VALUE>                        10418110
<RECEIVABLES>                                     6513
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             48564
<TOTAL-ASSETS>                                10473187
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       162506
<TOTAL-LIABILITIES>                             162506
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      28333736
<SHARES-COMMON-STOCK>                          2304375
<SHARES-COMMON-PRIOR>                          9250066
<ACCUMULATED-NII-CURRENT>                       115038
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (12546652)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (5591441)
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000061435
<NAME> ASTRA STRATEGIC INVESTMENT SERIES
<SERIES>
   <NUMBER> 6
   <NAME> ASTRA ADJUSTABLE RATE SECURITIES TRUST II
       
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000061435
<NAME> ASTRA STRATEGIC INVESTMENT SERIES
<SERIES>
   <NUMBER> 7
   <NAME> ASTRA ADJUSTABLE RATE SECURITIES TRUST III
       
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000061435
<NAME> ASTRA STRATEGIC INVESTMENT SERIES
<SERIES>
   <NUMBER> 8
   <NAME> ASTRA ADJUSTABLE US GOVERNMENT SECURITIES TRUST I-A
       
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000061435
<NAME> ASTRA STRATEGIC INVESTMENT SERIES
<SERIES>
   <NUMBER> 9
   <NAME> ASTRA ADJUSTABLE RATE SECURITIES TRUST I-A
       
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000061435
<NAME> ASTRA STRATEGIC INVESTMENT SERIES
<SERIES>
   <NUMBER> 10
   <NAME> ASTRA ADJUSTABLE US GOVERNMENT SECURITIES TRUST IV
       
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000061435
<NAME> ASTRA STRATEGIC INVESTMENT SERIES
<SERIES>
   <NUMBER> 11
   <NAME> ASTRA ADJUSTABLE RATE SECURITIES TRUST IV
       
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</TABLE>


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