PHOENIX STRATEGIC EQUITY SERIES FUND
NSAR-A, 1996-12-30
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<PAGE>      PAGE  1
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007 C030100 N
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<PAGE>      PAGE  2
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015 A00AA01 STATE STREET BANK AND TRUST CO.
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SIGNATURE   JACKIE PORTER                                
TITLE       ASSISTANT TREASURER 
 


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   <NAME> PHOENIX STRATEGIC THEME FUND CLASS A
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<NET-CHANGE-FROM-OPS>                            (523)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           3560
<NUMBER-OF-SHARES-REDEEMED>                      (698)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           35243
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                       (376)
<GROSS-ADVISORY-FEES>                              285
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    621
<AVERAGE-NET-ASSETS>                             75526
<PER-SHARE-NAV-BEGIN>                            12.37
<PER-SHARE-NII>                                   0.02
<PER-SHARE-GAIN-APPREC>                         (0.05)
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              12.34
<EXPENSE-RATIO>                                   1.40
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 022
   <NAME> PHOENIX STRATEGIC THEME FUND CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-START>                             MAY-01-1996
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                           104324
<INVESTMENTS-AT-VALUE>                          110104
<RECEIVABLES>                                     5810
<ASSETS-OTHER>                                      47
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  115961
<PAYABLE-FOR-SECURITIES>                         11306
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          303
<TOTAL-LIABILITIES>                              11609
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         98617
<SHARES-COMMON-STOCK>                             2914
<SHARES-COMMON-PRIOR>                              967
<ACCUMULATED-NII-CURRENT>                           42
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                          (87)
<ACCUM-APPREC-OR-DEPREC>                          5780
<NET-ASSETS>                                    104352
<DIVIDEND-INCOME>                                  187
<INTEREST-INCOME>                                  475
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (621)
<NET-INVESTMENT-INCOME>                             41
<REALIZED-GAINS-CURRENT>                           289
<APPREC-INCREASE-CURRENT>                        (853)
<NET-CHANGE-FROM-OPS>                            (523)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2012
<NUMBER-OF-SHARES-REDEEMED>                       (65)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           23796
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                       (376)
<GROSS-ADVISORY-FEES>                              285
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    621
<AVERAGE-NET-ASSETS>                             75526
<PER-SHARE-NAV-BEGIN>                            12.33
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                         (0.05)
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              12.26
<EXPENSE-RATIO>                                   2.15
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 031
   <NAME> PHOENIX SMALL CAP FUND CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-START>                             MAY-01-1996
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                           238893
<INVESTMENTS-AT-VALUE>                          274407
<RECEIVABLES>                                     9446
<ASSETS-OTHER>                                       2
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  283855
<PAYABLE-FOR-SECURITIES>                          6427
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         3649
<TOTAL-LIABILITIES>                              10076
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        259357
<SHARES-COMMON-STOCK>                            10654
<SHARES-COMMON-PRIOR>                             5877
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                           (611)
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       (20482)
<ACCUM-APPREC-OR-DEPREC>                         35515
<NET-ASSETS>                                    273779
<DIVIDEND-INCOME>                                   49
<INTEREST-INCOME>                                 1302
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (1961)
<NET-INVESTMENT-INCOME>                          (610)
<REALIZED-GAINS-CURRENT>                       (20774)
<APPREC-INCREASE-CURRENT>                         9537
<NET-CHANGE-FROM-OPS>                          (11847)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           8435
<NUMBER-OF-SHARES-REDEEMED>                     (3658)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           76964
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          292
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              961
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1961
<AVERAGE-NET-ASSETS>                            254097
<PER-SHARE-NAV-BEGIN>                            16.74
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                         (0.26)
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              16.46
<EXPENSE-RATIO>                                   1.27
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 032
   <NAME> PHOENIX SMALL CAP FUND CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-START>                             MAY-01-1996
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                           238893
<INVESTMENTS-AT-VALUE>                          274407
<RECEIVABLES>                                     9446
<ASSETS-OTHER>                                       2
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  283855
<PAYABLE-FOR-SECURITIES>                          6427
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         3649
<TOTAL-LIABILITIES>                              10076
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        259357
<SHARES-COMMON-STOCK>                             6024
<SHARES-COMMON-PRIOR>                             2708
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                           (611)
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       (20482)
<ACCUM-APPREC-OR-DEPREC>                         35515
<NET-ASSETS>                                    273779
<DIVIDEND-INCOME>                                   49
<INTEREST-INCOME>                                 1302
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (1961)
<NET-INVESTMENT-INCOME>                          (610)
<REALIZED-GAINS-CURRENT>                       (20774)
<APPREC-INCREASE-CURRENT>                         9537
<NET-CHANGE-FROM-OPS>                          (11847)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           3696
<NUMBER-OF-SHARES-REDEEMED>                      (379)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           53276
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          292
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              961
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1961
<AVERAGE-NET-ASSETS>                            254097
<PER-SHARE-NAV-BEGIN>                            16.68
<PER-SHARE-NII>                                 (0.08)
<PER-SHARE-GAIN-APPREC>                         (0.26)
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              16.34
<EXPENSE-RATIO>                                   2.02
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 012
   <NAME> PHOENIX EQUITY OPPORTUNITIES FUND CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-START>                             MAY-01-1996
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                           168421
<INVESTMENTS-AT-VALUE>                          192191
<RECEIVABLES>                                    11221
<ASSETS-OTHER>                                       3
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  203415
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          642
<TOTAL-LIABILITIES>                                642
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        156123
<SHARES-COMMON-STOCK>                              198
<SHARES-COMMON-PRIOR>                              154
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                           (416)
<ACCUMULATED-NET-GAINS>                          23297
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         23769
<NET-ASSETS>                                    202773
<DIVIDEND-INCOME>                                  351
<INTEREST-INCOME>                                  508
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (1276)
<NET-INVESTMENT-INCOME>                          (417)
<REALIZED-GAINS-CURRENT>                         12479
<APPREC-INCREASE-CURRENT>                      (15111)
<NET-CHANGE-FROM-OPS>                           (3049)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             57
<NUMBER-OF-SHARES-REDEEMED>                       (13)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                             353
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        10818
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              731
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1276
<AVERAGE-NET-ASSETS>                            207164
<PER-SHARE-NAV-BEGIN>                             8.73
<PER-SHARE-NII>                                 (0.05)
<PER-SHARE-GAIN-APPREC>                         (0.10)
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               8.58
<EXPENSE-RATIO>                                   1.97
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 011
   <NAME> PHOENIX EQUITY OPPORTUNITIES FUND CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-START>                             MAY-01-1996
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                           168421
<INVESTMENTS-AT-VALUE>                          192191
<RECEIVABLES>                                    11221
<ASSETS-OTHER>                                       3
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  203415
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          642
<TOTAL-LIABILITIES>                                642
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        156123
<SHARES-COMMON-STOCK>                            23155
<SHARES-COMMON-PRIOR>                            24245
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                           (416)
<ACCUMULATED-NET-GAINS>                          23297
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         23769
<NET-ASSETS>                                    202773
<DIVIDEND-INCOME>                                  351
<INTEREST-INCOME>                                  508
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (1276)
<NET-INVESTMENT-INCOME>                          (417)
<REALIZED-GAINS-CURRENT>                         12479
<APPREC-INCREASE-CURRENT>                      (15111)
<NET-CHANGE-FROM-OPS>                           (3049)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                            973
<NUMBER-OF-SHARES-REDEEMED>                     (2063)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         (12528)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        10818
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              731
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1276
<AVERAGE-NET-ASSETS>                            207164
<PER-SHARE-NAV-BEGIN>                             8.81
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                         (0.11)
<PER-SHARE-DIVIDEND>                              0.00
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<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               8.68
<EXPENSE-RATIO>                                   1.22
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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