COMPOSITE UNITED STATES GOVERNMENT SECURITIES INC
NSAR-A, 1996-08-26
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<PAGE>      PAGE  1
000 A000000 06/30/96
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<PAGE>      PAGE  2
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SIGNATURE   JOHN T WEST                                  
TITLE       SECRETARY           
 


<TABLE> <S> <C>
                                               
<ARTICLE>                                           6
<LEGEND>                                             
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S SEMIANNUAL REPORT AND FORM N-SAR WHICH ARE ON FILE WITH THE 
SECURITIES AND EXCHANGE COMMISSION AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH DOCUMENTS.                         
</LEGEND>  
<CIK>                                       0000701379
<NAME>                                      Composite U.S. Government Securities
<SERIES>                                             
   <NUMBER>                                 001
   <NAME>                                   Class A
       
<S>                                                 <C>
<PERIOD-TYPE>                                       6-MOS
<FISCAL-YEAR-END>                                   DEC-31-1996
<PERIOD-START>                                      JAN-01-1996
<PERIOD-END>                                        JUN-30-1996
<INVESTMENTS-AT-COST>                                               157,420,839
<INVESTMENTS-AT-VALUE>                                              153,841,292
<RECEIVABLES>                                                         1,424,383
<ASSETS-OTHER>                                                           19,009
<OTHER-ITEMS-ASSETS>                                                          0
<TOTAL-ASSETS>                                                      155,284,684
<PAYABLE-FOR-SECURITIES>                                                      0
<SENIOR-LONG-TERM-DEBT>                                                       0
<OTHER-ITEMS-LIABILITIES>                                               879,536
<TOTAL-LIABILITIES>                                                     879,536
<SENIOR-EQUITY>                                                               0
<PAID-IN-CAPITAL-COMMON>                                            164,892,886
<SHARES-COMMON-STOCK>                                                14,771,551
<SHARES-COMMON-PRIOR>                                                16,351,866
<ACCUMULATED-NII-CURRENT>                                                     0
<OVERDISTRIBUTION-NII>                                                        0
<ACCUMULATED-NET-GAINS>                                              (6,908,191)
<OVERDISTRIBUTION-GAINS>                                                      0
<ACCUM-APPREC-OR-DEPREC>                                             (3,579,547)
<NET-ASSETS>                                                        154,405,148
<DIVIDEND-INCOME>                                                             0
<INTEREST-INCOME>                                                     5,809,152
<OTHER-INCOME>                                                                0
<EXPENSES-NET>                                                         (858,256)
<NET-INVESTMENT-INCOME>                                               4,950,896
<REALIZED-GAINS-CURRENT>                                               (460,311)
<APPREC-INCREASE-CURRENT>                                            (8,855,665)
<NET-CHANGE-FROM-OPS>                                                (4,365,080)
<EQUALIZATION>                                                                0
<DISTRIBUTIONS-OF-INCOME>                                            (4,887,148)
<DISTRIBUTIONS-OF-GAINS>                                                      0
<DISTRIBUTIONS-OTHER>                                                         0
<NUMBER-OF-SHARES-SOLD>                                                 422,043
<NUMBER-OF-SHARES-REDEEMED>                                          (2,345,165)
<SHARES-REINVESTED>                                                     342,807
<NET-CHANGE-IN-ASSETS>                                               (4,365,080)
<ACCUMULATED-NII-PRIOR>                                                       0
<ACCUMULATED-GAINS-PRIOR>                                            (6,447,880)
<OVERDISTRIB-NII-PRIOR>                                                       0
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<GROSS-EXPENSE>                                                         858,256
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<PER-SHARE-NAV-BEGIN>                                                     10.84
<PER-SHARE-NII>                                                            0.31
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<PER-SHARE-DIVIDEND>                                                      (0.31)
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<PER-SHARE-NAV-END>                                                       10.27
<EXPENSE-RATIO>                                                            1.02
<AVG-DEBT-OUTSTANDING>                                                        0
<AVG-DEBT-PER-SHARE>                                                       0.00
        

</TABLE>

<TABLE> <S> <C>
                                               
<ARTICLE>                                           6
<LEGEND>                                             
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S SEMIANNUAL REPORT AND FORM N-SAR WHICH ARE ON FILE WITH THE 
SECURITIES AND EXCHANGE COMMISSION AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH DOCUMENTS.  
</LEGEND>                                            
<CIK>                                       0000701379
<NAME>                                      Composite U.S. Government Securities
<SERIES>                                             
   <NUMBER>                                 002
   <NAME>                                   Class B
       
<S>                                                 <C>
<PERIOD-TYPE>                                       6-MOS
<FISCAL-YEAR-END>                                   DEC-31-1996
<PERIOD-START>                                      JAN-01-1996
<PERIOD-END>                                        JUN-30-1996
<INVESTMENTS-AT-COST>                                               157,420,839
<INVESTMENTS-AT-VALUE>                                              153,841,292
<RECEIVABLES>                                                         1,424,383
<ASSETS-OTHER>                                                           19,009
<OTHER-ITEMS-ASSETS>                                                          0
<TOTAL-ASSETS>                                                      155,284,684
<PAYABLE-FOR-SECURITIES>                                                      0
<SENIOR-LONG-TERM-DEBT>                                                       0
<OTHER-ITEMS-LIABILITIES>                                               879,536
<TOTAL-LIABILITIES>                                                     879,536
<SENIOR-EQUITY>                                                               0
<PAID-IN-CAPITAL-COMMON>                                            164,892,886
<SHARES-COMMON-STOCK>                                                   258,024
<SHARES-COMMON-PRIOR>                                                   334,540
<ACCUMULATED-NII-CURRENT>                                                     0
<OVERDISTRIBUTION-NII>                                                        0
<ACCUMULATED-NET-GAINS>                                              (6,908,191)
<OVERDISTRIBUTION-GAINS>                                                      0
<ACCUM-APPREC-OR-DEPREC>                                             (3,579,547)
<NET-ASSETS>                                                        154,405,148
<DIVIDEND-INCOME>                                                             0
<INTEREST-INCOME>                                                     5,809,152
<OTHER-INCOME>                                                                0
<EXPENSES-NET>                                                         (858,256)
<NET-INVESTMENT-INCOME>                                               4,950,896
<REALIZED-GAINS-CURRENT>                                               (460,311)
<APPREC-INCREASE-CURRENT>                                            (8,855,665)
<NET-CHANGE-FROM-OPS>                                                (4,365,080)
<EQUALIZATION>                                                                0
<DISTRIBUTIONS-OF-INCOME>                                               (63,748)
<DISTRIBUTIONS-OF-GAINS>                                                      0
<DISTRIBUTIONS-OTHER>                                                         0
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<NUMBER-OF-SHARES-REDEEMED>                                             (14,803)
<SHARES-REINVESTED>                                                       5,075
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<ACCUMULATED-NII-PRIOR>                                                       0
<ACCUMULATED-GAINS-PRIOR>                                            (6,447,880)
<OVERDISTRIB-NII-PRIOR>                                                       0
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<GROSS-ADVISORY-FEES>                                                   519,469
<INTEREST-EXPENSE>                                                            0
<GROSS-EXPENSE>                                                         858,256
<AVERAGE-NET-ASSETS>                                                167,289,850
<PER-SHARE-NAV-BEGIN>                                                     10.84
<PER-SHARE-NII>                                                            0.27
<PER-SHARE-GAIN-APPREC>                                                   (0.57)
<PER-SHARE-DIVIDEND>                                                      (0.27)
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<RETURNS-OF-CAPITAL>                                                       0.00
<PER-SHARE-NAV-END>                                                       10.27
<EXPENSE-RATIO>                                                            1.84
<AVG-DEBT-OUTSTANDING>                                                        0
<AVG-DEBT-PER-SHARE>                                                       0.00
        

</TABLE>


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