KEYSTONE OMEGA FUND
NSAR-A, 1996-08-29
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<PAGE>      PAGE  1
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<PAGE>      PAGE  2
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020 C000002     38
020 A000003 MERRILL LYNCH PIERCE
020 C000003     37
020 A000004 BEAR STEARNS SECURITIES
020 C000004     30
020 A000005 LEHMAN BROTHERS
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020 A000006 INSTINET CORP.
020 C000006     27
020 A000007 ESI SECURITIES CO.
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020 A000008 PRUDENTIAL SECURITIES
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020 A000009 C.J. LAWRENCE/GEUTSCHE
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022 A000008 BLAIR & CO
022 C000008      5913
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022 A000009 MORGAN STANLEY AND CO., INC
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022 A000010 ADAMS HARKNESS& HILL, INC.
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SIGNATURE   J. KEVIN KENELY                              
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER>	101
<NAME>	KEYSTONE OMEGA FUND CLASS A
<PERIOD-TYPE>	6-MOS
<FISCAL-YEAR-END>	DEC-31-1996
<PERIOD-START>	JAN-01-1996
<PERIOD-END>	JUN-30-1996
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<EQUALIZATION>	0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER>	102
<NAME>	KEYSTONE OMEGA FUND CLASS B
<PERIOD-TYPE>	6-MOS
<FISCAL-YEAR-END>	DEC-31-1996
<PERIOD-START>	JAN-01-1996
<PERIOD-END>	JUN-30-1996
<INVESTMENTS-AT-COST>	225,357,258
<INVESTMENTS-AT-VALUE>	252,159,162
<RECEIVABLES>	1,901,766
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<OVERDISTRIBUTION-NII>	(895,938)
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<PER-SHARE-NII>	(0.08)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER>	103
<NAME>	KEYSTONE OMEGA FUND CLASS C
<PERIOD-TYPE>	6-MOS
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<PERIOD-START>	JAN-01-1996
<PERIOD-END>	JUN-30-1996
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</TABLE>


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