<PAGE> PAGE 1
000 A000000 06/30/95
000 C000000 0000754363
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 ZWEIG SERIES TRUST
001 B000000 811-8114
001 C000000 2126359800
002 A000000 5 HANOVER SQUARE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10004
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 5
007 C010100 1
007 C020100 ZWEIG SERIES TRUST ZWEIG STRATEGY FUND
007 C030100 N
007 C010200 2
007 C020200 ZWEIG SERIES TRUST ZWEIG APPRECIATION FUND
007 C030200 N
007 C010300 3
007 C020300 ZWEIG SERIES TRUST PRIORITY SELECTION LIST
007 C030300 Y
007 C010400 4
007 C020400 ZWEIG SERIES TRUST GOVERNMENT SECURITIES
007 C030400 N
007 C010500 5
007 C020500 ZWEIG SERIES TRUST ZWEIG CASH FUND
007 C030500 N
007 C010600 6
007 C020600 ZWEIG SERIES TRUST ZWEIG MANAGED ASSETS
007 C030600 N
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
011 A00AA01 ZWEIG SECURITIES CORP.
011 B00AA01 8-40035
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10004
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
012 B00AA01 85-5003
<PAGE> PAGE 2
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02110
013 A00AA01 COOPERS & LYBRAND
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
014 A00AA01 ZWEIG SECURITIES CORP.
014 B00AA01 8-0059
015 A00AA01 THE BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10015
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 6
019 C00AA00 ZWEIGTRUST
020 A000001 MORGAN STANLEY & CO., INC.
020 B000001 13-2655998
020 C000001 876
020 A000002 ZWEIG SECURITIES CORP.
020 B000002 13-3472421
020 C000002 261
020 A000003 INSTINET CORP.
020 B000003 13-3443395
020 C000003 243
020 A000004 SMITH BARNEY, INC.
020 B000004 13-1912900
020 C000004 168
020 A000005 MERRILL LYNCH,PIERCE, FENNER & SMITH,INC.
020 B000005 13-5674085
020 C000005 69
020 A000006 PRUDENTIAL SECURITIES, INC..
020 B000006 22-2347336
020 C000006 58
020 A000007 MORGAN (J.P.) SECURITIES, INC.
020 B000007 13-3224016
020 C000007 44
020 A000008 OPPENHEIMER & CO.
020 B000008 13-2798343
020 C000008 41
020 A000009 HOENIG & CO.,INC.
020 B000009 13-2656060
020 C000009 26
020 A000010 PAINE WEBBER INC.
020 B000010 13-2638166
020 C000010 25
021 000000 1880
022 A000001 PRUDENTIAL SECURITIES, INC.
<PAGE> PAGE 3
022 B000001 22-2347336
022 C000001 28126060
022 D000001 98261
022 A000002 MORGAN STANLEY & CO., INC.
022 B000002 13-2655998
022 C000002 15450746
022 D000002 109804
022 A000003 FIRST BOSTON CORP. (THE)
022 B000003 13-5659485
022 C000003 188545
022 D000003 138093
022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000004 13-5674085
022 C000004 238634
022 D000004 2119
022 A000005 DAIWA SECURITIES INC.
022 B000005 13-5680329
022 C000005 84914
022 D000005 117791
022 A000006 CHEMICAL BANK
022 B000006 13-5227302
022 C000006 131439
022 D000006 0
022 A000007 GOLDMAN SACHS & CO.
022 B000007 13-5108880
022 C000007 79753
022 D000007 20825
022 A000008 FUJI SECURITIES INC.
022 B000008 36-2880742
022 C000008 83423
022 D000008 0
022 A000009 ARBOR TRADING GROUP
022 B000009 36-3540782
022 C000009 0
022 D000009 41981
022 A000010 GREENWICH SECURITIES INC.
022 B000010 13-2697091
022 C000010 0
022 D000010 40469
023 C000000 44489665
023 D000000 597645
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
<PAGE> PAGE 4
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
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
055 A00AA00 N
055 B00AA00 N
056 00AA00 N
057 00AA00 N
077 A000000 Y
077 C000000 Y
077 M000000 Y
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00 4425
081 A00AA00 Y
081 B00AA00 6
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
<PAGE> PAGE 5
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 ZWEIG GLASER ADVISERS
008 B000101 A
008 C000101 801-8114
008 D010101 NEW YORK
008 D020101 NY
008 D030101 10004
028 A010100 11233
028 A020100 2855
028 A030100 0
028 A040100 12033
028 B010100 13055
028 B020100 0
028 B030100 0
028 B040100 12781
028 C010100 16264
028 C020100 0
028 C030100 0
028 C040100 15729
028 D010100 15581
028 D020100 4032
028 D030100 0
028 D040100 11389
028 E010100 18757
028 E020100 0
028 E030100 0
028 E040100 12360
028 F010100 25529
028 F020100 0
028 F030100 0
028 F040100 12973
028 G010100 100419
028 G020100 6887
028 G030100 0
028 G040100 77265
028 H000100 28881
029 000100 Y
030 A000100 1236
030 B000100 5.50
030 C000100 0.00
031 A000100 172
031 B000100 0
032 000100 1064
<PAGE> PAGE 6
033 000100 0
034 000100 Y
035 000100 60
036 A000100 N
036 B000100 0
042 A000100 0
042 B000100 0
042 C000100 100
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 2320
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.750
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 250
<PAGE> PAGE 7
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
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 Y
070 E010100 N
070 E020100 N
070 F010100 Y
070 F020100 Y
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 N
070 K020100 N
<PAGE> PAGE 8
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 Y
070 R020100 N
071 A000100 416780
071 B000100 132638
071 C000100 438585
071 D000100 30
072 A000100 6
072 B000100 10164
072 C000100 4393
072 D000100 0
072 E000100 0
072 F000100 2893
072 G000100 0
072 H000100 0
072 I000100 508
072 J000100 54
072 K000100 0
072 L000100 167
072 M000100 11
072 N000100 25
072 O000100 0
072 P000100 0
072 Q000100 97
072 R000100 25
072 S000100 26
072 T000100 2320
072 U000100 0
072 V000100 0
072 W000100 57
072 X000100 6183
072 Y000100 0
072 Z000100 8374
072AA000100 19314
072BB000100 17499
072CC010100 109795
072CC020100 0
072DD010100 5437
072DD020100 2883
072EE000100 0
<PAGE> PAGE 9
073 A010100 0.1600
073 A020100 0.1100
073 B000100 0.0000
073 C000100 0.0000
074 A000100 67
074 B000100 153375
074 C000100 29858
074 D000100 0
074 E000100 0
074 F000100 660231
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 26191
074 K000100 0
074 L000100 5161
074 M000100 0
074 N000100 874883
074 O000100 8
074 P000100 461
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 1396
074 S000100 0
074 T000100 873018
074 U010100 34087
074 U020100 27372
074 V010100 14.20
074 V020100 14.21
074 W000100 0.0000
074 X000100 62282
074 Y000100 3973
075 A000100 0
075 B000100 778658
076 000100 0.00
008 A000201 ZWEIG GLASER ADVISERS
008 B000201 A
008 C000201 801-8114
008 D010201 NEW YORK
008 D020201 NY
008 D030201 10004
028 A010200 3203
028 A020200 2566
028 A030200 0
028 A040200 6456
028 B010200 2926
028 B020200 0
028 B030200 0
028 B040200 8146
<PAGE> PAGE 10
028 C010200 2627
028 C020200 0
028 C030200 0
028 C040200 9121
028 D010200 2798
028 D020200 0
028 D030200 0
028 D040200 9330
028 E010200 4275
028 E020200 0
028 E030200 0
028 E040200 10991
028 F010200 5451
028 F020200 0
028 F030200 0
028 F040200 9779
028 G010200 21280
028 G020200 2566
028 G030200 0
028 G040200 53823
028 H000200 6101
029 000200 Y
030 A000200 299
030 B000200 5.50
030 C000200 0.00
031 A000200 43
031 B000200 0
032 000200 256
033 000200 0
034 000200 Y
035 000200 14
036 A000200 N
036 B000200 0
042 A000200 0
042 B000200 0
042 C000200 100
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 1075
044 000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 1.000
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
<PAGE> PAGE 11
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 250
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 Y
066 E000200 N
<PAGE> PAGE 12
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
071 A000200 173863
071 B000200 95871
071 C000200 278092
071 D000200 34
072 A000200 6
072 B000200 2936
072 C000200 2807
072 D000200 0
072 E000200 0
072 F000200 1872
072 G000200 0
072 H000200 0
072 I000200 346
072 J000200 48
072 K000200 0
072 L000200 88
072 M000200 6
072 N000200 23
072 O000200 0
072 P000200 0
072 Q000200 86
072 R000200 20
072 S000200 11
072 T000200 1075
072 U000200 74
072 V000200 0
072 W000200 30
072 X000200 3679
072 Y000200 0
072 Z000200 2064
072AA000200 13827
072BB000200 22940
072CC010200 48382
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 238
074 B000200 46565
074 C000200 11926
074 D000200 0
<PAGE> PAGE 13
074 E000200 0
074 F000200 360092
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 1411
074 M000200 189
074 N000200 420421
074 O000200 138
074 P000200 217
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 1391
074 S000200 0
074 T000200 418675
074 U010200 17106
074 U020200 11113
074 V010200 14.89
074 V020200 14.76
074 W000200 0.0000
074 X000200 36384
074 Y000200 4946
075 A000200 0
075 B000200 377498
076 000200 0.00
008 A000301 ZWEIG GLASER ADVISERS
008 B000301 A
008 C000301 801-8114
008 D010301 NEW YORK
008 D020301 NY
008 D030301 10004
008 A000302 NED DAVIS RESEARCH,INC.
008 B000302 S
008 C000302 801-8114
008 D010302 VENICE
008 D020302 FL
008 D030302 34292
028 A010300 456
028 A020300 305
028 A030300 0
028 A040300 2876
028 B010300 71
028 B020300 0
028 B030300 0
028 B040300 1504
028 C010300 90
028 C020300 0
<PAGE> PAGE 14
028 C030300 0
028 C040300 4551
028 D010300 10
028 D020300 465
028 D030300 0
028 D040300 180
028 E010300 0
028 E020300 0
028 E030300 0
028 E040300 0
028 F010300 0
028 F020300 0
028 F030300 0
028 F040300 0
028 G010300 627
028 G020300 770
028 G030300 0
028 G040300 9111
028 H000300 103
029 000300 Y
030 A000300 3
030 B000300 5.50
030 C000300 0.00
031 A000300 1
031 B000300 0
032 000300 2
033 000300 0
034 000300 Y
035 000300 0
036 A000300 N
036 B000300 0
042 A000300 0
042 B000300 0
042 C000300 100
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 76
044 000300 0
045 000300 Y
046 000300 Y
047 000300 Y
048 000300 0.750
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
<PAGE> PAGE 15
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 Y
053 B000300 Y
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 250
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 Y
066 D000300 N
066 E000300 N
066 F000300 N
<PAGE> PAGE 16
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 Y
070 F020300 Y
070 G010300 N
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 N
070 J020300 N
070 K010300 N
070 K020300 N
070 L010300 Y
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 1821
071 B000300 6684
071 C000300 23062
071 D000300 8
072 A000300 3
072 B000300 560
072 C000300 141
072 D000300 0
072 E000300 0
072 F000300 118
<PAGE> PAGE 17
072 G000300 0
072 H000300 0
072 I000300 33
072 J000300 6
072 K000300 0
072 L000300 7
072 M000300 1
072 N000300 6
072 O000300 0
072 P000300 0
072 Q000300 12
072 R000300 5
072 S000300 2
072 T000300 76
072 U000300 0
072 V000300 0
072 W000300 65
072 X000300 331
072 Y000300 0
072 Z000300 370
072AA000300 1839
072BB000300 374
072CC010300 1744
072CC020300 0
072DD010300 464
072DD020300 82
072EE000300 0
073 A010300 0.1400
073 A020300 0.0650
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 36933
074 C000300 0
074 D000300 0
074 E000300 0
074 F000300 20631
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 15958
074 K000300 0
074 L000300 0
074 M000300 0
074 N000300 73522
074 O000300 15607
074 P000300 10
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
<PAGE> PAGE 18
074 R040300 489
074 S000300 0
074 T000300 57416
074 U010300 3335
074 U020300 1272
074 V010300 12.47
074 V020300 12.44
074 W000300 0.0000
074 X000300 6180
074 Y000300 0
075 A000300 0
075 B000300 60995
076 000300 0.00
008 A000401 ZWEIG GLASER ADVISERS
008 B000401 A
008 C000401 801-8114
008 D010401 NEW YORK
008 D020401 NY
008 D030401 10004
028 A010400 270
028 A020400 170
028 A030400 0
028 A040400 1276
028 B010400 1021
028 B020400 165
028 B030400 0
028 B040400 3646
028 C010400 267
028 C020400 160
028 C030400 0
028 C040400 1849
028 D010400 223
028 D020400 157
028 D030400 0
028 D040400 1356
028 E010400 753
028 E020400 154
028 E030400 0
028 E040400 1642
028 F010400 2804
028 F020400 152
028 F030400 0
028 F040400 1653
028 G010400 5338
028 G020400 958
028 G030400 0
028 G040400 11422
028 H000400 353
029 000400 Y
030 A000400 16
030 B000400 4.75
<PAGE> PAGE 19
030 C000400 0.00
031 A000400 3
031 B000400 0
032 000400 13
033 000400 0
034 000400 Y
035 000400 1
036 A000400 N
036 B000400 0
042 A000400 0
042 B000400 0
042 C000400 100
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 147
044 000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.600
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 N
058 A000400 N
<PAGE> PAGE 20
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 250
062 A000400 Y
062 B000400 0.0
062 C000400 45.5
062 D000400 20.1
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 25.1
062 N000400 8.8
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 3.0
064 A000400 Y
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 N
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
<PAGE> PAGE 21
070 K010400 N
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 28687
071 B000400 36113
071 C000400 25238
071 D000400 114
072 A000400 6
072 B000400 2209
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 200
072 G000400 0
072 H000400 0
072 I000400 50
072 J000400 11
072 K000400 0
072 L000400 14
072 M000400 1
072 N000400 16
072 O000400 0
072 P000400 0
072 Q000400 24
072 R000400 4
072 S000400 2
072 T000400 147
072 U000400 0
072 V000400 0
072 W000400 6
072 X000400 475
072 Y000400 0
072 Z000400 1734
072AA000400 1548
072BB000400 376
072CC010400 1573
072CC020400 0
072DD010400 1186
<PAGE> PAGE 22
072DD020400 481
072EE000400 0
073 A010400 0.2510
073 A020400 0.2270
073 B000400 0.0000
073 C000400 0.0000
074 A000400 6
074 B000400 13620
074 C000400 30884
074 D000400 23027
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 521
074 M000400 0
074 N000400 68058
074 O000400 0
074 P000400 26
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 153
074 S000400 0
074 T000400 67879
074 U010400 4537
074 U020400 2225
074 V010400 10.04
074 V020400 10.03
074 W000400 0.0000
074 X000400 4808
074 Y000400 0
075 A000400 0
075 B000400 67321
076 000400 0.00
008 A000501 ZWEIG GLASER ADVISERS
008 B000501 A
008 C000501 801-8114
008 D010501 NEW YORK
008 D020501 NY
008 D030501 10004
028 A010500 42064
028 A020500 173
028 A030500 0
028 A040500 42836
028 B010500 21736
028 B020500 150
<PAGE> PAGE 23
028 B030500 0
028 B040500 28519
028 C010500 19891
028 C020500 140
028 C030500 0
028 C040500 19788
028 D010500 26540
028 D020500 170
028 D030500 0
028 D040500 26375
028 E010500 20681
028 E020500 176
028 E030500 0
028 E040500 31248
028 F010500 21579
028 F020500 187
028 F030500 0
028 F040500 28819
028 G010500 152491
028 G020500 996
028 G030500 0
028 G040500 177585
028 H000500 0
029 000500 N
030 A000500 0
030 B000500 0.00
030 C000500 0.00
031 A000500 0
031 B000500 0
032 000500 0
033 000500 0
034 000500 Y
035 000500 1
036 A000500 N
036 B000500 0
042 A000500 0
042 B000500 0
042 C000500 33
042 D000500 0
042 E000500 0
042 F000500 67
042 G000500 0
042 H000500 0
043 000500 43
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.500
048 A010500 0
048 A020500 0.000
<PAGE> PAGE 24
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 Y
053 B000500 Y
053 C000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 250
062 A000500 Y
062 B000500 0.0
062 C000500 83.8
062 D000500 16.6
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 31
<PAGE> PAGE 25
063 B000500 0.0
064 A000500 Y
064 B000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
071 A000500 0
071 B000500 0
071 C000500 0
071 D000500 0
072 A000500 6
072 B000500 2347
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 198
072 G000500 0
072 H000500 0
072 I000500 19
072 J000500 12
072 K000500 0
072 L000500 14
072 M000500 1
072 N000500 18
072 O000500 0
072 P000500 0
072 Q000500 5
072 R000500 2
072 S000500 6
072 T000500 43
072 U000500 0
072 V000500 0
072 W000500 8
072 X000500 326
072 Y000500 45
072 Z000500 2066
072AA000500 0
072BB000500 0
072CC010500 0
072CC020500 0
072DD010500 104
072DD020500 1962
072EE000500 0
073 A010500 0.0250
073 A020500 0.0511
073 B000500 0.0000
073 C000500 0.0000
074 A000500 1
074 B000500 10525
<PAGE> PAGE 26
074 C000500 53140
074 D000500 0
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 43
074 M000500 0
074 N000500 63709
074 O000500 0
074 P000500 7
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 308
074 S000500 0
074 T000500 63394
074 U010500 4020
074 U020500 59374
074 V010500 1.00
074 V020500 1.00
074 W000500 1.0002
074 X000500 1772
074 Y000500 0
075 A000500 79835
075 B000500 0
076 000500 0.00
008 A000601 ZWEIG GLASER ADVISERS
008 B000601 A
008 C000601 801-8114
008 D010601 NEW YORK
008 D020601 NY
008 D030601 10004
028 A010600 8076
028 A020600 4129
028 A030600 0
028 A040600 20713
028 B010600 6217
028 B020600 0
028 B030600 0
028 B040600 20585
028 C010600 6944
028 C020600 0
028 C030600 0
028 C040600 20932
028 D010600 7006
028 D020600 4112
<PAGE> PAGE 27
028 D030600 0
028 D040600 17546
028 E010600 7934
028 E020600 0
028 E030600 0
028 E040600 20904
028 F010600 8990
028 F020600 0
028 F030600 0
028 F040600 20184
028 G010600 45167
028 G020600 8241
028 G030600 0
028 G040600 120864
028 H000600 11732
029 000600 Y
030 A000600 456
030 B000600 5.50
030 C000600 0.00
031 A000600 61
031 B000600 0
032 000600 395
033 000600 0
034 000600 Y
035 000600 54
036 A000600 N
036 B000600 0
042 A000600 0
042 B000600 0
042 C000600 100
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 3013
044 000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 1.000
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
<PAGE> PAGE 28
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 N
058 A000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
061 000600 250
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 N
066 E000600 N
066 F000600 N
066 G000600 Y
067 000600 Y
068 A000600 N
068 B000600 N
069 000600 N
<PAGE> PAGE 29
071 A000600 624360
071 B000600 575082
071 C000600 405664
071 D000600 142
072 A000600 6
072 B000600 17693
072 C000600 2346
072 D000600 0
072 E000600 0
072 F000600 3551
072 G000600 0
072 H000600 0
072 I000600 406
072 J000600 239
072 K000600 0
072 L000600 167
072 M000600 11
072 N000600 40
072 O000600 0
072 P000600 0
072 Q000600 102
072 R000600 30
072 S000600 25
072 T000600 3013
072 U000600 77
072 V000600 0
072 W000600 59
072 X000600 7720
072 Y000600 0
072 Z000600 12319
072AA000600 57784
072BB000600 26483
072CC010600 15851
072CC020600 0
072DD010600 2497
072DD020600 7220
072EE000600 0
073 A010600 0.2000
073 A020600 0.1600
073 B000600 0.0000
073 C000600 0.0000
074 A000600 44
074 B000600 211705
074 C000600 32883
074 D000600 223985
074 E000600 1494
074 F000600 219288
074 G000600 0
074 H000600 0
074 I000600 193
074 J000600 41996
<PAGE> PAGE 30
074 K000600 0
074 L000600 9565
074 M000600 2770
074 N000600 743923
074 O000600 27715
074 P000600 538
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 9869
074 S000600 0
074 T000600 705801
074 U010600 12226
074 U020600 44007
074 V010600 12.56
074 V020600 12.55
074 W000600 0.0000
074 X000600 45320
074 Y000600 2984
075 A000600 0
075 B000600 715735
076 000600 0.00
SIGNATURE ALFRED J. RATCLIFFE
TITLE FIRST VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> ZSF CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 720,650
<INVESTMENTS-AT-VALUE> 843,185
<RECEIVABLES> 31,631
<ASSETS-OTHER> 67
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 874,883
<PAYABLE-FOR-SECURITIES> (8)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (1,857)
<TOTAL-LIABILITIES> (1,865)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 753,230
<SHARES-COMMON-STOCK> 34,087
<SHARES-COMMON-PRIOR> 34,360
<ACCUMULATED-NII-CURRENT> 4,769
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (7,516)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 122,535
<NET-ASSETS> 873,018
<DIVIDEND-INCOME> 4,393
<INTEREST-INCOME> 10,164
<OTHER-INCOME> 0
<EXPENSES-NET> (6,183)
<NET-INVESTMENT-INCOME> 8,374
<REALIZED-GAINS-CURRENT> 1,815
<APPREC-INCREASE-CURRENT> 109,795
<NET-CHANGE-FROM-OPS> 119,984
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,967)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,643
<NUMBER-OF-SHARES-REDEEMED> (3,290)
<SHARES-REINVESTED> 373
<NET-CHANGE-IN-ASSETS> 141,202
<ACCUMULATED-NII-PRIOR> 5,218
<ACCUMULATED-GAINS-PRIOR> (6,257)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (2,893)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (6,183)
<AVERAGE-NET-ASSETS> 443,171
<PER-SHARE-NAV-BEGIN> 12.36
<PER-SHARE-NII> .18
<PER-SHARE-GAIN-APPREC> 1.92
<PER-SHARE-DIVIDEND> (.24)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.20
<EXPENSE-RATIO> 1.30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> ZSFC6.95
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 720,650
<INVESTMENTS-AT-VALUE> 843,185
<RECEIVABLES> 31,631
<ASSETS-OTHER> 67
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 874,883
<PAYABLE-FOR-SECURITIES> (8)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (1,857)
<TOTAL-LIABILITIES> (1,865)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 753,230
<SHARES-COMMON-STOCK> 27,372
<SHARES-COMMON-PRIOR> 24,856
<ACCUMULATED-NII-CURRENT> 4,769
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (7,516)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 122,535
<NET-ASSETS> 873,018
<DIVIDEND-INCOME> 4,393
<INTEREST-INCOME> 10,164
<OTHER-INCOME> 0
<EXPENSES-NET> (6,183)
<NET-INVESTMENT-INCOME> 8,374
<REALIZED-GAINS-CURRENT> 1,815
<APPREC-INCREASE-CURRENT> 109,795
<NET-CHANGE-FROM-OPS> 119,984
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,856)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,019
<NUMBER-OF-SHARES-REDEEMED> (2,677)
<SHARES-REINVESTED> 174
<NET-CHANGE-IN-ASSETS> 141,202
<ACCUMULATED-NII-PRIOR> 5,218
<ACCUMULATED-GAINS-PRIOR> (6,257)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (2,893)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (6,183)
<AVERAGE-NET-ASSETS> 335,487
<PER-SHARE-NAV-BEGIN> 12.35
<PER-SHARE-NII> .16
<PER-SHARE-GAIN-APPREC> 1.86
<PER-SHARE-DIVIDEND> (.16)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.21
<EXPENSE-RATIO> 2.00
<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
<SERIES>
<NUMBER> 2
<NAME> ZAFA6.95
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 348,273
<INVESTMENTS-AT-VALUE> 417,765
<RECEIVABLES> 2,229
<ASSETS-OTHER> 427
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 420,421
<PAYABLE-FOR-SECURITIES> (138)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (1,608)
<TOTAL-LIABILITIES> (1,746)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 350,412
<SHARES-COMMON-STOCK> 17,106
<SHARES-COMMON-PRIOR> 15,762
<ACCUMULATED-NII-CURRENT> 2,083
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,312)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 69,492
<NET-ASSETS> 418,675
<DIVIDEND-INCOME> 2,807
<INTEREST-INCOME> 2,936
<OTHER-INCOME> 0
<EXPENSES-NET> (3,679)
<NET-INVESTMENT-INCOME> 2,064
<REALIZED-GAINS-CURRENT> (9,113)
<APPREC-INCREASE-CURRENT> 48,382
<NET-CHANGE-FROM-OPS> 41,333
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,459)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 518
<NUMBER-OF-SHARES-REDEEMED> (2,359)
<SHARES-REINVESTED> 160
<NET-CHANGE-IN-ASSETS> 65,878
<ACCUMULATED-NII-PRIOR> 3,041
<ACCUMULATED-GAINS-PRIOR> 7,117
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (1,872)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (3,679)
<AVERAGE-NET-ASSETS> 229,408
<PER-SHARE-NAV-BEGIN> 13.54
<PER-SHARE-NII> .09
<PER-SHARE-GAIN-APPREC> 1.42
<PER-SHARE-DIVIDEND> (.16)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.89
<EXPENSE-RATIO> 1.69
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> ZAFC6.95
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 348,273
<INVESTMENTS-AT-VALUE> 417,765
<RECEIVABLES> 2,229
<ASSETS-OTHER> 427
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 420,421
<PAYABLE-FOR-SECURITIES> (138)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (1,608)
<TOTAL-LIABILITIES> (1,746)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 350,412
<SHARES-COMMON-STOCK> 11,113
<SHARES-COMMON-PRIOR> 10,433
<ACCUMULATED-NII-CURRENT> 2,083
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,312)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 69,492
<NET-ASSETS> 418,675
<DIVIDEND-INCOME> 2,807
<INTEREST-INCOME> 2,936
<OTHER-INCOME> 0
<EXPENSES-NET> (3,679)
<NET-INVESTMENT-INCOME> 2,064
<REALIZED-GAINS-CURRENT> (9,113)
<APPREC-INCREASE-CURRENT> 48,382
<NET-CHANGE-FROM-OPS> 41,333
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (563)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,013
<NUMBER-OF-SHARES-REDEEMED> (1,523)
<SHARES-REINVESTED> 32
<NET-CHANGE-IN-ASSETS> 65,878
<ACCUMULATED-NII-PRIOR> 3,041
<ACCUMULATED-GAINS-PRIOR> 7,117
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (1,872)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (3,679)
<AVERAGE-NET-ASSETS> 148,090
<PER-SHARE-NAV-BEGIN> 13.36
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 1.40
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.76
<EXPENSE-RATIO> 2.39
<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
<SERIES>
<NUMBER> 4
<NAME> GSSA6.95
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 67,003
<INVESTMENTS-AT-VALUE> 67,531
<RECEIVABLES> 521
<ASSETS-OTHER> 6
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 68,058
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (179)
<TOTAL-LIABILITIES> (179)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 118,436
<SHARES-COMMON-STOCK> 4,537
<SHARES-COMMON-PRIOR> 4,946
<ACCUMULATED-NII-CURRENT> (33)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (51,058)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 528
<NET-ASSETS> 67,879
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,209
<OTHER-INCOME> 0
<EXPENSES-NET> (475)
<NET-INVESTMENT-INCOME> 1,734
<REALIZED-GAINS-CURRENT> 1,172
<APPREC-INCREASE-CURRENT> 1,573
<NET-CHANGE-FROM-OPS> 4,479
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,208)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 92
<NUMBER-OF-SHARES-REDEEMED> (570)
<SHARES-REINVESTED> 70
<NET-CHANGE-IN-ASSETS> (2,343)
<ACCUMULATED-NII-PRIOR> (70)
<ACCUMULATED-GAINS-PRIOR> (52,224)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (200)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (475)
<AVERAGE-NET-ASSETS> 46,536
<PER-SHARE-NAV-BEGIN> 9.63
<PER-SHARE-NII> .30
<PER-SHARE-GAIN-APPREC> .40
<PER-SHARE-DIVIDEND> (.29)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.04
<EXPENSE-RATIO> 1.28
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> GSSC6.95
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 67,003
<INVESTMENTS-AT-VALUE> 67,531
<RECEIVABLES> 521
<ASSETS-OTHER> 6
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 68,058
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (179)
<TOTAL-LIABILITIES> (179)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 118,436
<SHARES-COMMON-STOCK> 2,225
<SHARES-COMMON-PRIOR> 2,350
<ACCUMULATED-NII-CURRENT> (33)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (51,052)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 528
<NET-ASSETS> 67,879
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,209
<OTHER-INCOME> 0
<EXPENSES-NET> (475)
<NET-INVESTMENT-INCOME> 1,734
<REALIZED-GAINS-CURRENT> 1,172
<APPREC-INCREASE-CURRENT> 1,573
<NET-CHANGE-FROM-OPS> 4,479
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (488)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 448
<NUMBER-OF-SHARES-REDEEMED> (601)
<SHARES-REINVESTED> 28
<NET-CHANGE-IN-ASSETS> (2,343)
<ACCUMULATED-NII-PRIOR> (70)
<ACCUMULATED-GAINS-PRIOR> (52,224)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (200)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (475)
<AVERAGE-NET-ASSETS> 20,784
<PER-SHARE-NAV-BEGIN> 9.62
<PER-SHARE-NII> .27
<PER-SHARE-GAIN-APPREC> .41
<PER-SHARE-DIVIDEND> (.27)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.03
<EXPENSE-RATIO> 1.73
<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
<SERIES>
<NUMBER> 5
<NAME> ZCFA6.95
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 63,665
<INVESTMENTS-AT-VALUE> 63,665
<RECEIVABLES> 44
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 63,709
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (315)
<TOTAL-LIABILITIES> (315)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63,394
<SHARES-COMMON-STOCK> 4,020
<SHARES-COMMON-PRIOR> 4,303
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 63,394
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,347
<OTHER-INCOME> 0
<EXPENSES-NET> (281)
<NET-INVESTMENT-INCOME> 2,066
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,066
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (104)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,697
<NUMBER-OF-SHARES-REDEEMED> (5,063)
<SHARES-REINVESTED> 83
<NET-CHANGE-IN-ASSETS> (24,098)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (198)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (326)
<AVERAGE-NET-ASSETS> 4,170
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .90
<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
<SERIES>
<NUMBER> 5
<NAME> ZCFC6.95
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 63,665
<INVESTMENTS-AT-VALUE> 63,665
<RECEIVABLES> 44
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 63,708
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (315)
<TOTAL-LIABILITIES> (315)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63,384
<SHARES-COMMON-STOCK> 5,140
<SHARES-COMMON-PRIOR> 5,040
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 63,394
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,347
<OTHER-INCOME> 0
<EXPENSES-NET> (281)
<NET-INVESTMENT-INCOME> 2,066
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,066
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (137)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,805
<NUMBER-OF-SHARES-REDEEMED> (3,820)
<SHARES-REINVESTED> 115
<NET-CHANGE-IN-ASSETS> (24,098)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (191)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (326)
<AVERAGE-NET-ASSETS> 5,472
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> ZCFM6.95
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 63,665
<INVESTMENTS-AT-VALUE> 63,665
<RECEIVABLES> 44
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 63,709
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (315)
<TOTAL-LIABILITIES> (315)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63,394
<SHARES-COMMON-STOCK> 54,234
<SHARES-COMMON-PRIOR> 78,149
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 63,394
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,347
<OTHER-INCOME> 0
<EXPENSES-NET> (281)
<NET-INVESTMENT-INCOME> 2,066
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,066
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,825)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 143,988
<NUMBER-OF-SHARES-REDEEMED> (168,702)
<SHARES-REINVESTED> 798
<NET-CHANGE-IN-ASSETS> (24,098)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (198)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (326)
<AVERAGE-NET-ASSETS> 70,193
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .68
<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
<SERIES>
<NUMBER> 6
<NAME> ZMAA6.95
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 673,457
<INVESTMENTS-AT-VALUE> 684,871
<RECEIVABLES> 51,561
<ASSETS-OTHER> 445
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 736,877
<PAYABLE-FOR-SECURITIES> (14,501)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (16,575)
<TOTAL-LIABILITIES> (31,076)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 675,499
<SHARES-COMMON-STOCK> 12,226
<SHARES-COMMON-PRIOR> 13,136
<ACCUMULATED-NII-CURRENT> 5,417
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13,289
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,596
<NET-ASSETS> 705,801
<DIVIDEND-INCOME> 2,346
<INTEREST-INCOME> 17,693
<OTHER-INCOME> 0
<EXPENSES-NET> (7,720)
<NET-INVESTMENT-INCOME> 12,319
<REALIZED-GAINS-CURRENT> 31,301
<APPREC-INCREASE-CURRENT> 15,851
<NET-CHANGE-FROM-OPS> 59,471
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,094)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,025
<NUMBER-OF-SHARES-REDEEMED> (2,148)
<SHARES-REINVESTED> 213
<NET-CHANGE-IN-ASSETS> (19,351)
<ACCUMULATED-NII-PRIOR> 4,465
<ACCUMULATED-GAINS-PRIOR> (18,012)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (3,551)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (7,720)
<AVERAGE-NET-ASSETS> 155,052
<PER-SHARE-NAV-BEGIN> 11.76
<PER-SHARE-NII> .32
<PER-SHARE-GAIN-APPREC> .80
<PER-SHARE-DIVIDEND> (.32)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.56
<EXPENSE-RATIO> 1.63
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> ZMAC6.95
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 673,457
<INVESTMENTS-AT-VALUE> 684,871
<RECEIVABLES> 51,561
<ASSETS-OTHER> 445
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 736,877
<PAYABLE-FOR-SECURITIES> (14,501)
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (16,575)
<TOTAL-LIABILITIES> (31,076)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 675,499
<SHARES-COMMON-STOCK> 44,007
<SHARES-COMMON-PRIOR> 48,662
<ACCUMULATED-NII-CURRENT> 5,417
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13,289
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,596
<NET-ASSETS> 705,801
<DIVIDEND-INCOME> 2,346
<INTEREST-INCOME> 17,693
<OTHER-INCOME> 0
<EXPENSES-NET> (7,720)
<NET-INVESTMENT-INCOME> 12,319
<REALIZED-GAINS-CURRENT> 31,301
<APPREC-INCREASE-CURRENT> 15,851
<NET-CHANGE-FROM-OPS> 59,471
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,272)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,695
<NUMBER-OF-SHARES-REDEEMED> (7,830)
<SHARES-REINVESTED> 481
<NET-CHANGE-IN-ASSETS> (19,351)
<ACCUMULATED-NII-PRIOR> 4,465
<ACCUMULATED-GAINS-PRIOR> (18,012)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (3,551)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (7,720)
<AVERAGE-NET-ASSETS> 560,683
<PER-SHARE-NAV-BEGIN> 11.73
<PER-SHARE-NII> .28
<PER-SHARE-GAIN-APPREC> .79
<PER-SHARE-DIVIDEND> (.25)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.55
<EXPENSE-RATIO> 2.33
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
