PHOENIX STRATEGIC EQUITY SERIES FUND
NSAR-B, 1997-06-30
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<PAGE>      PAGE  1
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SIGNATURE   JACKIE PORTER                                
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

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   <NAME> PHOENIX EQUITY OPPORTUNITIES FUND CLASS A
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<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               6.89
<EXPENSE-RATIO>                                   1.23
<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-30-1997
<PERIOD-START>                             MAY-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                           184808
<INVESTMENTS-AT-VALUE>                          190641
<RECEIVABLES>                                     8285
<ASSETS-OTHER>                                       5
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  198931
<PAYABLE-FOR-SECURITIES>                         33332
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          537
<TOTAL-LIABILITIES>                              33869
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        160972
<SHARES-COMMON-STOCK>                              246
<SHARES-COMMON-PRIOR>                              154
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        (1743)
<ACCUM-APPREC-OR-DEPREC>                          5833
<NET-ASSETS>                                    165062
<DIVIDEND-INCOME>                                  868
<INTEREST-INCOME>                                  631
<OTHER-INCOME>                                     191
<EXPENSES-NET>                                  (2485)
<NET-INVESTMENT-INCOME>                          (795)
<REALIZED-GAINS-CURRENT>                         10737
<APPREC-INCREASE-CURRENT>                      (33047)
<NET-CHANGE-FROM-OPS>                          (23105)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         (209)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            115
<NUMBER-OF-SHARES-REDEEMED>                       (48)
<SHARES-REINVESTED>                              24702
<NET-CHANGE-IN-ASSETS>                             318
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        10818
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1409
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   2485
<AVERAGE-NET-ASSETS>                            201272
<PER-SHARE-NAV-BEGIN>                             8.73
<PER-SHARE-NII>                                 (0.09)
<PER-SHARE-GAIN-APPREC>                         (0.88)
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                       (0.99)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               6.77
<EXPENSE-RATIO>                                   1.98
<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> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-START>                             MAY-01-1997
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                           254350
<INVESTMENTS-AT-VALUE>                          252348
<RECEIVABLES>                                    28305
<ASSETS-OTHER>                                      53
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  280706
<PAYABLE-FOR-SECURITIES>                         27120
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          850
<TOTAL-LIABILITIES>                              27970
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        280183
<SHARES-COMMON-STOCK>                             6984
<SHARES-COMMON-PRIOR>                             2708
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       (25445)
<ACCUM-APPREC-OR-DEPREC>                        (2002)
<NET-ASSETS>                                    252736
<DIVIDEND-INCOME>                                  240
<INTEREST-INCOME>                                 2650
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (4362)
<NET-INVESTMENT-INCOME>                         (1472)
<REALIZED-GAINS-CURRENT>                       (25222)
<APPREC-INCREASE-CURRENT>                      (27980)
<NET-CHANGE-FROM-OPS>                          (54674)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         (192)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           5355
<NUMBER-OF-SHARES-REDEEMED>                     (1089)
<SHARES-REINVESTED>                                 10
<NET-CHANGE-IN-ASSETS>                           52478
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          292
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1995
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   4362
<AVERAGE-NET-ASSETS>                            265936
<PER-SHARE-NAV-BEGIN>                            16.68
<PER-SHARE-NII>                                 (0.17)
<PER-SHARE-GAIN-APPREC>                         (2.50)
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                       (0.03)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              13.98
<EXPENSE-RATIO>                                   2.12
<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-30-1997
<PERIOD-START>                             MAY-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                           254350
<INVESTMENTS-AT-VALUE>                          252348
<RECEIVABLES>                                    28305
<ASSETS-OTHER>                                      53
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  280706
<PAYABLE-FOR-SECURITIES>                         27120
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          850
<TOTAL-LIABILITIES>                              27970
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        280183
<SHARES-COMMON-STOCK>                            10973
<SHARES-COMMON-PRIOR>                             5877
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       (25445)
<ACCUM-APPREC-OR-DEPREC>                        (2002)
<NET-ASSETS>                                    252736
<DIVIDEND-INCOME>                                  240
<INTEREST-INCOME>                                 2650
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (4362)
<NET-INVESTMENT-INCOME>                         (1472)
<REALIZED-GAINS-CURRENT>                       (25222)
<APPREC-INCREASE-CURRENT>                      (27980)
<NET-CHANGE-FROM-OPS>                          (54674)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         (325)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          12801
<NUMBER-OF-SHARES-REDEEMED>                     (7724)
<SHARES-REINVESTED>                                 18
<NET-CHANGE-IN-ASSETS>                           56717
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          292
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1995
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   4362
<AVERAGE-NET-ASSETS>                            265936
<PER-SHARE-NAV-BEGIN>                            16.74
<PER-SHARE-NII>                                 (0.05)
<PER-SHARE-GAIN-APPREC>                         (2.53)
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                       (0.03)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              14.13
<EXPENSE-RATIO>                                   1.37
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 021
   <NAME> PHOENIX STRATEGIC THEME FUND CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          APR-30-1997
<PERIOD-START>                             MAY-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                           132543
<INVESTMENTS-AT-VALUE>                          134762
<RECEIVABLES>                                    14288
<ASSETS-OTHER>                                       4
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  149054
<PAYABLE-FOR-SECURITIES>                         20931
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          453
<TOTAL-LIABILITIES>                              21384
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        126312
<SHARES-COMMON-STOCK>                             6468
<SHARES-COMMON-PRIOR>                             2699
<ACCUMULATED-NII-CURRENT>                          200
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        (1062)
<ACCUM-APPREC-OR-DEPREC>                          2220
<NET-ASSETS>                                    127670
<DIVIDEND-INCOME>                                  704
<INTEREST-INCOME>                                 1175
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (1643)
<NET-INVESTMENT-INCOME>                            236
<REALIZED-GAINS-CURRENT>                         (564)
<APPREC-INCREASE-CURRENT>                       (4414)
<NET-CHANGE-FROM-OPS>                           (4742)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (58)
<DISTRIBUTIONS-OF-GAINS>                          (76)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           5619
<NUMBER-OF-SHARES-REDEEMED>                     (1860)
<SHARES-REINVESTED>                                 10
<NET-CHANGE-IN-ASSETS>                           44434
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                       (376)
<GROSS-ADVISORY-FEES>                              742
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1643
<AVERAGE-NET-ASSETS>                             99987
<PER-SHARE-NAV-BEGIN>                            12.37
<PER-SHARE-NII>                                   0.06
<PER-SHARE-GAIN-APPREC>                         (0.38)
<PER-SHARE-DIVIDEND>                            (0.01)
<PER-SHARE-DISTRIBUTIONS>                       (0.01)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              12.03
<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-30-1997
<PERIOD-START>                             MAY-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                           132543
<INVESTMENTS-AT-VALUE>                          134762
<RECEIVABLES>                                    14288
<ASSETS-OTHER>                                       4
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  149054
<PAYABLE-FOR-SECURITIES>                         20931
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          453
<TOTAL-LIABILITIES>                              21384
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        126312
<SHARES-COMMON-STOCK>                             4184
<SHARES-COMMON-PRIOR>                              967
<ACCUMULATED-NII-CURRENT>                          200
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        (1062)
<ACCUM-APPREC-OR-DEPREC>                          2220
<NET-ASSETS>                                    127670
<DIVIDEND-INCOME>                                  704
<INTEREST-INCOME>                                 1175
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (1643)
<NET-INVESTMENT-INCOME>                            236
<REALIZED-GAINS-CURRENT>                         (564)
<APPREC-INCREASE-CURRENT>                       (4414)
<NET-CHANGE-FROM-OPS>                           (4742)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                          (45)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           3502
<NUMBER-OF-SHARES-REDEEMED>                      (288)
<SHARES-REINVESTED>                                  3
<NET-CHANGE-IN-ASSETS>                           37923
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                       (376)
<GROSS-ADVISORY-FEES>                              742
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1643
<AVERAGE-NET-ASSETS>                             99987
<PER-SHARE-NAV-BEGIN>                            12.33
<PER-SHARE-NII>                                 (0.03)
<PER-SHARE-GAIN-APPREC>                         (0.38)
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                       (0.01)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              11.91
<EXPENSE-RATIO>                                   2.15
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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