CAPSTONE INTERNATIONAL SERIES TRUST
NSAR-B, 1999-12-30
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<PAGE>      PAGE  1
000 B000000 10/31/1999
000 C000000 0000793601
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 CAPSTONE INTERNATIONAL SERIES TRUST
001 B000000 811-4665
001 C000000 7132609000
002 A000000 5847 SAN FELIPE, SUITE 4100
002 B000000 HOUSTON
002 C000000 TX
002 D010000 77057
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 CAPSTONE JAPAN FUND
007 C030100 N
007 C010200  2
007 C020200 CAPSTONE NEW ZEALAND FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 FCA CORPORATION
008 B00AA01 A
008 C00AA01 801-20514
008 D01AA01 HOUSTON
008 D02AA01 TX
008 D03AA01 77057
010 A00AA01 CAPSTONE ASSET MANAGEMENT COMPANY
010 B00AA01 801-17695
010 C01AA01 HOUSTON
010 C02AA01 TX
010 C03AA01 77057
011 A00AA01 CAPSTONE ASSET PLANNING COMPANY
011 B00AA01 8-30994
011 C01AA01 HOUSTON
011 C02AA01 TX
<PAGE>      PAGE  2
011 C03AA01 77057
012 A00AA01 PFPC INC.
012 B00AA01 84-932
012 C01AA01 KING OF PRUSSIA
012 C02AA01 PA
012 C03AA01 19406
013 A00AA01 BRIGGS, BUNTING & DOUGHERTY
013 B01AA01 PHILADEPHIA
013 B02AA01 PA
013 B03AA01 19103
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    7
019 C00AA00 CAPSFAMILY
020 A000001 NOMURA
020 C000001      4
020 A000002 BT ALEX BROWN
020 C000002      3
020 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH
020 B000003 13-5674085
020 C000003      3
020 A000004 SMITH BARNEY
020 B000004 13-1912900
020 C000004      2
020 A000005 CAVILL WHITE
020 C000005      2
020 A000006 DF MAINLAND
020 C000006      1
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000       15
022 A000001 FIFTH THIRD SECURITIES
022 C000001     56130
022 D000001         0
022 A000002 SMITH BARNEY
022 C000002      3868
022 D000002       199
022 A000003 NOMURA
022 C000003       130
022 D000003         0
022 A000004 OLD MINNETT
022 C000004        51
022 D000004         0
022 A000005 BANKER'S TRUST
022 C000005         0
022 D000005        39
022 A000006 WARBURG
022 C000006        13
022 D000006         0
<PAGE>      PAGE  3
022 C000007         0
022 D000007         0
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023 D000000        238
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025 D00AA04       0
025 D00AA05       0
025 D00AA06       0
025 D00AA07       0
025 D00AA08       0
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 Y
026 H000000 N
027  000000 Y
045  00AA00 Y
046  00AA00 N
047  00AA00 Y
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048 H01AA00        0
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048 I02AA00 0.000
048 J01AA00        0
<PAGE>      PAGE  4
048 J02AA00 0.000
048 K01AA00        0
048 K02AA00 0.000
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 N
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00      200
062 A00AA00 N
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062 C00AA00   0.0
062 D00AA00   0.0
062 E00AA00   0.0
062 F00AA00   0.0
062 G00AA00   0.0
062 H00AA00   0.0
062 I00AA00   0.0
062 J00AA00   0.0
062 K00AA00   0.0
062 L00AA00   0.0
062 M00AA00   0.0
062 N00AA00   0.0
062 O00AA00   0.0
062 P00AA00   0.0
062 Q00AA00   0.0
062 R00AA00   0.0
063 A00AA00   0
063 B00AA00  0.0
077 A000000 Y
077 B000000 Y
080 A00AA00 NATIONAL UNION FIRE INS CO. OF PITTSBURGH, PA
080 C00AA00     3500
081 A00AA00 Y
081 B00AA00   5
082 A00AA00 N
082 B00AA00        0
<PAGE>      PAGE  5
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
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
015 A000101 FIFTH THIRD BANK, N.A.
015 B000101 C
015 C010101 CINCINNATI
015 C020101 OH
015 C030101 45263
015 E010101 X
024  000100 N
028 A010100       170
028 A020100         0
028 A030100         0
028 A040100        23
028 B010100       567
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028 B030100         0
028 B040100       398
028 C010100       530
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028 C030100         0
028 C040100       360
028 D010100       362
028 D020100         0
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028 E010100       199
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028 F040100       160
028 G010100      2329
028 G020100         0
<PAGE>      PAGE  6
028 G030100         0
028 G040100      1567
028 H000100         0
029  000100 N
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030 B000100  0.00
030 C000100  0.00
031 A000100      0
031 B000100      0
032  000100      0
033  000100      0
034  000100 N
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036 B000100      0
037  000100 N
038  000100      0
039  000100 N
040  000100 Y
041  000100 Y
042 A000100   0
042 B000100   0
042 C000100   0
042 D000100 100
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100     10
044  000100      0
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 N
055 A000100 Y
055 B000100 N
056  000100 Y
057  000100 N
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 Y
067  000100 N
068 A000100 N
068 B000100 Y
069  000100 N
070 A010100 Y
070 A020100 Y
<PAGE>      PAGE  7
070 B010100 Y
070 B020100 Y
070 C010100 N
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 Y
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100      1424
071 B000100       601
071 C000100      3642
071 D000100   17
072 A000100 12
072 B000100        7
072 C000100       18
072 D000100        0
072 E000100        0
072 F000100       28
072 G000100        8
072 H000100        0
072 I000100       25
072 J000100        0
072 K000100        0
072 L000100       10
072 M000100        4
<PAGE>      PAGE  8
072 N000100       10
072 O000100        0
072 P000100        0
072 Q000100       45
072 R000100       10
072 S000100       11
072 T000100       10
072 U000100        0
072 V000100        0
072 W000100       11
072 X000100      172
072 Y000100        0
072 Z000100     -147
072AA000100       31
072BB000100        0
072CC010100     1724
072CC020100        0
072DD010100        0
072DD020100        0
072EE000100        0
073 A010100   0.0000
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100        0
074 B000100        0
074 C000100      151
074 D000100        0
074 E000100        0
074 F000100     4950
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100      325
074 M000100        0
074 N000100     5426
074 O000100        0
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100       21
074 R040100      100
074 S000100        0
074 T000100     5305
074 U010100      771
074 U020100        0
074 V010100     6.88
074 V020100     0.00
<PAGE>      PAGE  9
074 W000100   0.0000
074 X000100     1001
074 Y000100        0
075 A000100        0
075 B000100     4338
076  000100     0.00
015 A000201 FIFTH THIRD BANK, N.A.
015 B000201 C
015 C010201 CINCINNATI
015 C020201 OH
015 C030201 45263
015 E010201 X
024  000200 N
028 A010200       251
028 A020200         0
028 A030200         0
028 A040200       411
028 B010200       576
028 B020200         0
028 B030200         0
028 B040200       483
028 C010200        19
028 C020200         0
028 C030200         0
028 C040200       199
028 D010200        66
028 D020200         0
028 D030200         0
028 D040200        87
028 E010200        99
028 E020200         0
028 E030200         0
028 E040200       128
028 F010200       209
028 F020200         0
028 F030200         0
028 F040200       224
028 G010200      1220
028 G020200         0
028 G030200         0
028 G040200      1532
028 H000200         0
029  000200 N
030 A000200      0
030 B000200  0.00
030 C000200  0.00
031 A000200      0
031 B000200      0
032  000200      0
033  000200      0
034  000200 N
<PAGE>      PAGE  10
035  000200      0
036 B000200      0
037  000200 N
038  000200      0
039  000200 N
040  000200 Y
041  000200 Y
042 A000200   0
042 B000200   0
042 C000200   0
042 D000200 100
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200     12
044  000200      0
049  000200 N
050  000200 N
051  000200 N
052  000200 N
053 A000200 N
055 A000200 Y
055 B000200 N
056  000200 Y
057  000200 N
066 A000200 Y
066 B000200 N
066 C000200 Y
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067  000200 N
068 A000200 N
068 B000200 Y
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
<PAGE>      PAGE  11
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 Y
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200       470
071 B000200      2063
071 C000200      4688
071 D000200   10
072 A000200 12
072 B000200       24
072 C000200      238
072 D000200        0
072 E000200        0
072 F000200       35
072 G000200       12
072 H000200        0
072 I000200       27
072 J000200        2
072 K000200        0
072 L000200       14
072 M000200        6
072 N000200       13
072 O000200        0
072 P000200        0
072 Q000200       45
072 R000200       11
072 S000200       13
072 T000200       12
072 U000200        0
072 V000200        0
072 W000200        5
072 X000200      195
072 Y000200        0
<PAGE>      PAGE  12
072 Z000200       67
072AA000200      131
072BB000200       25
072CC010200      698
072CC020200        0
072DD010200       20
072DD020200        0
072EE000200        0
073 A010200   0.0300
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200      381
074 B000200        0
074 C000200        0
074 D000200      111
074 E000200        0
074 F000200     3850
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200       60
074 K000200        0
074 L000200       51
074 M000200        0
074 N000200     4453
074 O000200        0
074 P000200        0
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200      104
074 S000200        0
074 T000200     4349
074 U010200      469
074 U020200        0
074 V010200     9.27
074 V020200     0.00
074 W000200   0.0000
074 X000200     1145
074 Y000200        0
075 A000200        0
075 B000200     4646
076  000200     0.00
SIGNATURE   STEVE MCCABE
TITLE       FILING AGENT



<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> CAPSTONE JAPAN FUND

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               OCT-31-1999
<INVESTMENTS-AT-COST>                          3587368
<INVESTMENTS-AT-VALUE>                         5100947
<RECEIVABLES>                                   324751
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 5425698
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       121011
<TOTAL-LIABILITIES>                             121011
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       7371796
<SHARES-COMMON-STOCK>                           771247
<SHARES-COMMON-PRIOR>                           572288
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       3573374
<ACCUM-APPREC-OR-DEPREC>                       1506265
<NET-ASSETS>                                   5304687
<DIVIDEND-INCOME>                                18210
<INTEREST-INCOME>                                 6707
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  171605
<NET-INVESTMENT-INCOME>                       (146688)
<REALIZED-GAINS-CURRENT>                         31045
<APPREC-INCREASE-CURRENT>                      1724174
<NET-CHANGE-FROM-OPS>                          1608531
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         694202
<NUMBER-OF-SHARES-REDEEMED>                     495243
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         2700794
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     3587779
<GROSS-ADVISORY-FEES>                            27893
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 171605
<AVERAGE-NET-ASSETS>                           4337855
<PER-SHARE-NAV-BEGIN>                             4.55
<PER-SHARE-NII>                                  (.21)
<PER-SHARE-GAIN-APPREC>                           2.54
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               6.88
<EXPENSE-RATIO>                                   4.61


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> CAPSTONE NEW ZEALAND FUND

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               OCT-31-1999
<INVESTMENTS-AT-COST>                          4690152
<INVESTMENTS-AT-VALUE>                         3961015
<RECEIVABLES>                                   111351
<ASSETS-OTHER>                                  380962
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 4453328
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       103928
<TOTAL-LIABILITIES>                             103928
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       5305299
<SHARES-COMMON-STOCK>                           468982
<SHARES-COMMON-PRIOR>                           581032
<ACCUMULATED-NII-CURRENT>                        22234
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        244413
<ACCUM-APPREC-OR-DEPREC>                      (733720)
<NET-ASSETS>                                   4349400
<DIVIDEND-INCOME>                               238164
<INTEREST-INCOME>                                23888
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  194903
<NET-INVESTMENT-INCOME>                          67149
<REALIZED-GAINS-CURRENT>                        106247
<APPREC-INCREASE-CURRENT>                       697520
<NET-CHANGE-FROM-OPS>                           870916
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        19837
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         436155
<NUMBER-OF-SHARES-REDEEMED>                     549711
<SHARES-REINVESTED>                               1506
<NET-CHANGE-IN-ASSETS>                        (144865)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      375738
<GROSS-ADVISORY-FEES>                            35350
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 194903
<AVERAGE-NET-ASSETS>                           4645992
<PER-SHARE-NAV-BEGIN>                             7.73
<PER-SHARE-NII>                                    .13
<PER-SHARE-GAIN-APPREC>                           1.44
<PER-SHARE-DIVIDEND>                               .03
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.27
<EXPENSE-RATIO>                                   4.14


</TABLE>


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