PHOENIX STRATEGIC EQUITY SERIES FUND
NSAR-B, 1996-07-01
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<PAGE>      PAGE  1
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SIGNATURE   JACKIE PORTER                                
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 011
   <NAME> PHOENIX EQUITY OPPORTUNITIES FUND CLASS A
<MULTIPLIER> 1000
       
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        165249
<SHARES-COMMON-STOCK>                            24245
<SHARES-COMMON-PRIOR>                            24290
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          10818
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         38881
<NET-ASSETS>                                    214948
<DIVIDEND-INCOME>                                  925
<INTEREST-INCOME>                                  503
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (2499)
<NET-INVESTMENT-INCOME>                         (1071)
<REALIZED-GAINS-CURRENT>                         27907
<APPREC-INCREASE-CURRENT>                        29338
<NET-CHANGE-FROM-OPS>                            56174
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       (20540)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           3092
<NUMBER-OF-SHARES-REDEEMED>                     (5082)
<SHARES-REINVESTED>                               1944
<NET-CHANGE-IN-ASSETS>                           33934
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         4629
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1394
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   2499
<AVERAGE-NET-ASSETS>                            199177
<PER-SHARE-NAV-BEGIN>                             7.40
<PER-SHARE-NII>                                 (0.04)
<PER-SHARE-GAIN-APPREC>                           2.34
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.89)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.81
<EXPENSE-RATIO>                                   1.25
<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>                   YEAR
<FISCAL-YEAR-END>                          APR-30-1996
<PERIOD-START>                             MAY-01-1995
<PERIOD-END>                               APR-30-1996
<INVESTMENTS-AT-COST>                           174811
<INVESTMENTS-AT-VALUE>                          213692
<RECEIVABLES>                                     2133
<ASSETS-OTHER>                                      24
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  215849
<PAYABLE-FOR-SECURITIES>                           434
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          467
<TOTAL-LIABILITIES>                                901
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        165249
<SHARES-COMMON-STOCK>                              154
<SHARES-COMMON-PRIOR>                               71
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          10818
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         38881
<NET-ASSETS>                                    214948
<DIVIDEND-INCOME>                                  925
<INTEREST-INCOME>                                  503
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (2499)
<NET-INVESTMENT-INCOME>                         (1071)
<REALIZED-GAINS-CURRENT>                         27907
<APPREC-INCREASE-CURRENT>                        29338
<NET-CHANGE-FROM-OPS>                            56174
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         (108)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            129
<NUMBER-OF-SHARES-REDEEMED>                       (59)
<SHARES-REINVESTED>                                 13
<NET-CHANGE-IN-ASSETS>                             822
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         4629
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1394
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   2499
<AVERAGE-NET-ASSETS>                            199177
<PER-SHARE-NAV-BEGIN>                             7.39
<PER-SHARE-NII>                                 (0.10)
<PER-SHARE-GAIN-APPREC>                           2.33
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.89)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.73
<EXPENSE-RATIO>                                   2.06
<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> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          APR-30-1996
<PERIOD-START>                             OCT-16-1995
<PERIOD-END>                               APR-30-1996
<INVESTMENTS-AT-COST>                           117189
<INVESTMENTS-AT-VALUE>                          143166
<RECEIVABLES>                                    12476
<ASSETS-OTHER>                                      21
<OTHER-ITEMS-ASSETS>                                 3
<TOTAL-ASSETS>                                  155666
<PAYABLE-FOR-SECURITIES>                         11939
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          187
<TOTAL-LIABILITIES>                              12126
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        117270
<SHARES-COMMON-STOCK>                             5877
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            292
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         25978
<NET-ASSETS>                                    143540
<DIVIDEND-INCOME>                                   12
<INTEREST-INCOME>                                  232
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (442)
<NET-INVESTMENT-INCOME>                          (198)
<REALIZED-GAINS-CURRENT>                           479
<APPREC-INCREASE-CURRENT>                        25978
<NET-CHANGE-FROM-OPS>                            26259
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (12)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           6073
<NUMBER-OF-SHARES-REDEEMED>                      (197)
<SHARES-REINVESTED>                                928
<NET-CHANGE-IN-ASSETS>                          143540
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              197
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    521
<AVERAGE-NET-ASSETS>                             38054
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                 (0.04)
<PER-SHARE-GAIN-APPREC>                           6.79
<PER-SHARE-DIVIDEND>                            (0.01)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.74
<EXPENSE-RATIO>                                   1.50
<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>                   YEAR
<FISCAL-YEAR-END>                          APR-30-1996
<PERIOD-START>                             OCT-16-1995
<PERIOD-END>                               APR-30-1996
<INVESTMENTS-AT-COST>                           117189
<INVESTMENTS-AT-VALUE>                          143166
<RECEIVABLES>                                    12476
<ASSETS-OTHER>                                      21
<OTHER-ITEMS-ASSETS>                                 3
<TOTAL-ASSETS>                                  155666
<PAYABLE-FOR-SECURITIES>                         11939
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          187
<TOTAL-LIABILITIES>                              12126
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        117270
<SHARES-COMMON-STOCK>                             2708
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            292
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         25978
<NET-ASSETS>                                    143540
<DIVIDEND-INCOME>                                   12
<INTEREST-INCOME>                                  232
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (442)
<NET-INVESTMENT-INCOME>                          (198)
<REALIZED-GAINS-CURRENT>                           479
<APPREC-INCREASE-CURRENT>                        25978
<NET-CHANGE-FROM-OPS>                            26259
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2769
<NUMBER-OF-SHARES-REDEEMED>                       (61)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                               0
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              197
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    521
<AVERAGE-NET-ASSETS>                             38054
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                 (0.09)
<PER-SHARE-GAIN-APPREC>                           6.77
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.68
<EXPENSE-RATIO>                                   2.26
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 021
   <NAME> PHOENIX STATEGIC THEME FUND CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          APR-30-1996
<PERIOD-START>                             OCT-16-1995
<PERIOD-END>                               APR-30-1996
<INVESTMENTS-AT-COST>                            36418
<INVESTMENTS-AT-VALUE>                           43052
<RECEIVABLES>                                     2543
<ASSETS-OTHER>                                     469
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   46064
<PAYABLE-FOR-SECURITIES>                           667
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           84
<TOTAL-LIABILITIES>                                751
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         39055
<SHARES-COMMON-STOCK>                             2699
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                         (376)
<ACCUM-APPREC-OR-DEPREC>                          6634
<NET-ASSETS>                                     45313
<DIVIDEND-INCOME>                                   30
<INTEREST-INCOME>                                  137
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (203)
<NET-INVESTMENT-INCOME>                           (36)
<REALIZED-GAINS-CURRENT>                         (376)
<APPREC-INCREASE-CURRENT>                         6634
<NET-CHANGE-FROM-OPS>                             6222
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                             (26)
<NUMBER-OF-SHARES-SOLD>                           2761
<NUMBER-OF-SHARES-REDEEMED>                       (64)
<SHARES-REINVESTED>                                  2
<NET-CHANGE-IN-ASSETS>                           33393
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               99
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    292
<AVERAGE-NET-ASSETS>                             24402
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                           2.39
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                            (0.02)
<PER-SHARE-NAV-END>                              12.37
<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>                   YEAR
<FISCAL-YEAR-END>                          APR-30-1996
<PERIOD-START>                             OCT-16-1995
<PERIOD-END>                               APR-30-1996
<INVESTMENTS-AT-COST>                            36418
<INVESTMENTS-AT-VALUE>                           43052
<RECEIVABLES>                                     2543
<ASSETS-OTHER>                                     469
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   46064
<PAYABLE-FOR-SECURITIES>                           667
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           84
<TOTAL-LIABILITIES>                                751
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         39055
<SHARES-COMMON-STOCK>                              967
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                         (376)
<ACCUM-APPREC-OR-DEPREC>                          6634
<NET-ASSETS>                                     45313
<DIVIDEND-INCOME>                                   30
<INTEREST-INCOME>                                  137
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (203)
<NET-INVESTMENT-INCOME>                           (36)
<REALIZED-GAINS-CURRENT>                         (376)
<APPREC-INCREASE-CURRENT>                         6634
<NET-CHANGE-FROM-OPS>                             6222
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                              (2)
<NUMBER-OF-SHARES-SOLD>                            993
<NUMBER-OF-SHARES-REDEEMED>                       (26)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           11920
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               99
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    292
<AVERAGE-NET-ASSETS>                             24402
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                 (0.06)
<PER-SHARE-GAIN-APPREC>                           2.40
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                            (0.01)
<PER-SHARE-NAV-END>                              12.33
<EXPENSE-RATIO>                                   2.16
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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