PAINEWEBBER AMERICA FUND /NY/
NSAR-A, 1995-04-28
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<PAGE>      PAGE  1
000 A000000 02/28/95
000 C000000 0000703887
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 PAINEWEBBER AMERICA FUND
001 B000000 811-3502
001 C000000 2127132421
002 A000000 1285 AVENUE OF THE AMERICAS
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10019
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 PAINEWEBBER DIVIDEND GROWTH FUND
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
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
<PAGE>      PAGE  2
007 C012800 28
007 C012900 29
007 C013000 30
020 A000001 BRICK SECURITIES
020 B000001      -
020 C000001     86
020 A000002 DILLON, READ + CO.
020 B000002 13-2701093
020 C000002     64
020 A000003 DONALDSON, LUFKIN & JENRETTE
020 B000003 13-2741729
020 C000003     60
020 A000004 COWEN & CO.. USA
020 B000004      -
020 C000004     44
020 A000005 BERNSTEIN SANFORD
020 B000005      -
020 C000005     43
020 A000006 ABEL NOSAR CORP
020 B000006 13-2833083
020 C000006     39
020 A000007 CS FIRST BOSTON
020 B000007      -
020 C000007     35
020 A000008 MERRILL LYNCH
020 B000008 13-5674085
020 C000008     35
020 A000009 BROWN (ALEX) & SONS
020 B000009 13-4973745
020 C000009     30
020 A000010 DEAN WITTER REYNOLDS INC
020 B000010      -
020 C000010     25
021  000000      745
022 A000001 SALOMON BROTHERS INC
022 B000001 13-3082694
022 C000001    542494
022 D000001         0
022 A000002 MORGAN STANLEY
022 B000002 13-2655998
022 C000002    342063
022 D000002      9966
022 A000003 NOMURA SECURITIES
022 B000003 13-2642206
022 C000003    259558
022 D000003         0
022 A000004 YAMAICHI SECURITIES
022 B000004 13-5659656
022 C000004    103129
022 D000004         0
022 A000005 FIRST CHICAGO CAPITAL
<PAGE>      PAGE  3
022 B000005 36-3595942
022 C000005     62934
022 D000005         0
022 A000006 SMITH BARNEY
022 B000006 13-3371860
022 C000006     25391
022 D000006     15175
022 A000007 CANTOR FITZGERALD
022 B000007      -
022 C000007     15813
022 D000007      8535
022 A000008 CS FIRST BOSTON
022 B000008      -
022 C000008     12856
022 D000008      9582
022 A000009 DONALDSON, LUFKIN & JENRETTE
022 B000009      -
022 C000009      8455
022 D000009      4014
022 A000010 COWEN & CO
022 B000010      -
022 C000010      6326
022 D000010      5939
023 C000000    1434501
023 D000000     109901
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
045  00AA00 Y
046  00AA00 N
047  00AA00 Y
048  00AA00  0.700
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048 A02AA00 0.000
048 B01AA00        0
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048 C01AA00        0
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048 D01AA00        0
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048 F01AA00        0
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<PAGE>      PAGE  4
048 G01AA00        0
048 G02AA00 0.000
048 H01AA00        0
048 H02AA00 0.000
048 I01AA00        0
048 I02AA00 0.000
048 J01AA00        0
048 J02AA00 0.000
048 K01AA00        0
048 K02AA00 0.000
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 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
077 A000000 N
080 C00AA00        0
081 B00AA00   0
082 A00AA00 N
082 B00AA00        0
083 B00AA00        0
084 B00AA00        0
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
008 A000101 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000101 A
<PAGE>      PAGE  5
008 C000101 801-13219
008 D010101 NEW YORK
008 D020101 NY
008 D030101 10019
008 A000102 MITCHELL HUTCHINS INSTITUTIONAL INVESTORS
008 B000102 S
008 C000102 801-00000
008 D010102 NEW YORK
008 D020102 NY
008 D030102 10019
010 A000101 PAINEWEBBER INCORPORATED
010 B000101 801-13219
010 C010101 NEW YORK
010 C020101 NY
010 C030101 10019
011 A000101 PAINEWEBBER INC.
011 B000101 8-16267
011 C010101 NEW YORK
011 C020101 NY
011 C030101 10019
012 A000101 PFPC, INC.
012 B000101 84-0000000
012 C010101 WILMINGTON
012 C020101 DE
012 C030101 19809
013 A000101 ERNST AND YOUNG
013 B010101 NEW YORK
013 B020101 NY
013 B030101 10172
014 A000101 PAINEWEBBER INC.
014 B000101 8-16267
014 A000102 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
014 B000102 8-21901
015 A000101 STATE STREET BANK AND TRUST COMPANY
015 B000101 C
015 C010101 NORTH QUINCY
015 C020101 MA
015 C030101 02171
015 E010101 X
018  000100 Y
019 A000100 Y
019 B000100   77
019 C000100 PAINEWEBBE
024  000100 N
025 D000101       0
025 D000102       0
025 D000103       0
025 D000104       0
025 D000105       0
025 D000106       0
025 D000107       0
<PAGE>      PAGE  6
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025 D000116       0
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028 F040100     16243
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028 G040100    105217
028 H000100      1369
029  000100 Y
030 A000100     25
030 B000100  4.50
030 C000100  0.00
031 A000100     14
031 B000100      0
032  000100      0
033  000100     11
034  000100 Y
035  000100    949
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<PAGE>      PAGE  7
038  000100      0
039  000100 N
040  000100 Y
041  000100 Y
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042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100 100
043  000100   1648
044  000100      0
055 A000100 Y
055 B000100 N
056  000100 N
057  000100 N
058 A000100 N
059  000100 Y
060 A000100 Y
060 B000100 Y
061  000100     1000
062 A000100 N
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
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062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100   0
063 B000100  0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 Y
066 F000100 N
066 G000100 N
067  000100 N
<PAGE>      PAGE  8
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 Y
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100    305986
071 B000100    395635
071 C000100    468969
071 D000100   65
072 A000100  6
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072 C000100     4874
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072 E000100        0
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072 H000100        0
<PAGE>      PAGE  9
072 I000100      341
072 J000100       89
072 K000100       60
072 L000100       65
072 M000100       11
072 N000100       56
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072 Q000100        0
072 R000100       26
072 S000100       32
072 T000100     1648
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072 V000100        0
072 W000100       11
072 X000100     4059
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072 Z000100     1287
072AA000100     8386
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072CC020100    11301
072DD010100     1164
072DD020100      614
072EE000100        0
073 A010100   0.0000
073 A020100   0.0000
073 B000100   1.2110
073 C000100   0.0000
074 A000100        0
074 B000100     7444
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074 D000100     2232
074 E000100     1210
074 F000100   452223
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074 H000100        0
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074 K000100        0
074 L000100     1389
074 M000100       61
074 N000100   486541
074 O000100    16762
074 P000100      510
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074 S000100        0
<PAGE>      PAGE  10
074 T000100   464672
074 U010100     9442
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074 X000100    55362
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028 A010200         0
028 A020200         0
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028 B020200         0
028 B030200         0
028 B040200         0
028 C010200         0
028 C020200         0
028 C030200         0
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028 D010200         0
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028 D040200         0
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028 E040200         0
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028 H000200         0
SIGNATURE   JULIAN SLUYTERS                              
TITLE       TREASURER           
 

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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000703887
<NAME> PAINEWEBBER AMERICA FUND 
<SERIES> PAINEWEBBER AMERICA FUND
   <NUMBER> 001
   <NAME> DIVIDEND GROWTH FUND CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1995
<PERIOD-START>                             SEP-01-1994
<PERIOD-END>                               FEB-28-1995
<INVESTMENTS-AT-COST>                          174,592
<INVESTMENTS-AT-VALUE>                         180,209
<RECEIVABLES>                                    9,094
<ASSETS-OTHER>                                       0
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<PAYABLE-FOR-SECURITIES>                         6,522
<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                              8,510
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       174,636
<SHARES-COMMON-STOCK>                            9,442
<SHARES-COMMON-PRIOR>                           10,886
<ACCUMULATED-NII-CURRENT>                          130
<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                   180,817
<DIVIDEND-INCOME>                                2,080
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,579)
<NET-INVESTMENT-INCOME>                            501
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<APPREC-INCREASE-CURRENT>                      (4,397)
<NET-CHANGE-FROM-OPS>                            (633)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (1,164)
<DISTRIBUTIONS-OF-GAINS>                      (11,702)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            162
<NUMBER-OF-SHARES-REDEEMED>                    (2,261)
<SHARES-REINVESTED>                                654
<NET-CHANGE-IN-ASSETS>                        (39,034)
<ACCUMULATED-NII-PRIOR>                            322
<ACCUMULATED-GAINS-PRIOR>                        8,973
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,579
<AVERAGE-NET-ASSETS>                           193,944
<PER-SHARE-NAV-BEGIN>                            20.43
<PER-SHARE-NII>                                    .10
<PER-SHARE-GAIN-APPREC>                          (.05)
<PER-SHARE-DIVIDEND>                             (.12)
<PER-SHARE-DISTRIBUTIONS>                       (1.21)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              19.15
<EXPENSE-RATIO>                                   1.21
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000703887
<NAME> PAINEWEBBER AMERICA FUND
<SERIES>
   <NUMBER> 002
   <NAME> DIVIDEND GROWTH FUND CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1995
<PERIOD-START>                             SEP-01-1994
<PERIOD-END>                               FEB-28-1995
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<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        2,631
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<SENIOR-EQUITY>                                      0
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<DISTRIBUTIONS-OF-GAINS>                      (15,519)
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<NUMBER-OF-SHARES-REDEEMED>                    (2,714)
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<NET-CHANGE-IN-ASSETS>                        (50,620)
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<OVERDISTRIB-NII-PRIOR>                              0
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<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                          (.05)
<PER-SHARE-DIVIDEND>                             (.03)
<PER-SHARE-DISTRIBUTIONS>                       (1.21)
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<EXPENSE-RATIO>                                   1.99
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000703887
<NAME> PAINEWEBBER AMERICA FUND
<SERIES>
   <NUMBER> 003
   <NAME> DIVIDEND GROWTH FUND CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1995
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-PRIOR>                              719
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<OVERDISTRIBUTION-NII>                               0
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<DISTRIBUTIONS-OTHER>                                0
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<SHARES-REINVESTED>                                 51
<NET-CHANGE-IN-ASSETS>                         (3,036)
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<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
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<PER-SHARE-NAV-BEGIN>                            20.42
<PER-SHARE-NII>                                    .13
<PER-SHARE-GAIN-APPREC>                          (.05)
<PER-SHARE-DIVIDEND>                             (.15)
<PER-SHARE-DISTRIBUTIONS>                       (1.21)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              19.14
<EXPENSE-RATIO>                                   1.90
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000703887
<NAME> PAINEWEBBER AMERICA FUND
<SERIES>
   <NUMBER> 004
   <NAME> DIVIDEND GROWTH FUND CLASS D
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1995
<PERIOD-START>                             SEP-01-1994
<PERIOD-END>                               FEB-28-1995
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<INVESTMENTS-AT-VALUE>                          29,827
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        28,905
<SHARES-COMMON-STOCK>                            1,562
<SHARES-COMMON-PRIOR>                            1,826
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