PAINEWEBBER OLYMPUS FUND/NY
NSAR-B, EX-27, 2000-10-30
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000759729
<NAME> PAINEWEBBER OLYMPUS FUND
<SERIES>
   <NUMBER> 1
   <NAME> GROWTH FUND CLASS C
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          AUG-31-2000
<PERIOD-START>                             SEP-01-1999
<PERIOD-END>                               AUG-31-2000
<INVESTMENTS-AT-COST>                            27012
<INVESTMENTS-AT-VALUE>                           52929
<RECEIVABLES>                                      297
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                              3405
<TOTAL-ASSETS>                                   56631
<PAYABLE-FOR-SECURITIES>                           406
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         3509
<TOTAL-LIABILITIES>                               3915
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         24532
<SHARES-COMMON-STOCK>                             1728
<SHARES-COMMON-PRIOR>                             1457
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           2266
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<NET-ASSETS>                                     52716
<DIVIDEND-INCOME>                                  141
<INTEREST-INCOME>                                  273
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     608
<NET-INVESTMENT-INCOME>                          (194)
<REALIZED-GAINS-CURRENT>                          2267
<APPREC-INCREASE-CURRENT>                        10912
<NET-CHANGE-FROM-OPS>                            12984
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        (2924)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           1412
<NUMBER-OF-SHARES-REDEEMED>                       1241
<SHARES-REINVESTED>                                100
<NET-CHANGE-IN-ASSETS>                           14285
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         2641
<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
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<AVERAGE-NET-ASSETS>                             45531
<PER-SHARE-NAV-BEGIN>                            24.56
<PER-SHARE-NII>                                 (0.28)
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<PER-SHARE-DIVIDEND>                            (1.94)
<PER-SHARE-DISTRIBUTIONS>                        30.51
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  0
<EXPENSE-RATIO>                                   1.93


</TABLE>


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