<PAGE> PAGE 1
000 B000000 04/30/98
000 C000000 0000796299
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 PHOENIX STRATEGIC EQUITY SERIES FUND
001 B000000 811-4727
001 C000000 3027913197
002 A000000 101 MUNSON STREET
002 B000000 GREENFIELD
002 C000000 MA
002 D010000 01301
002 D020000 0000
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
007 C010100 1
007 C020100 PHOENIX EQUITY OPPORTUNITIES FUND
007 C030100 N
007 C010200 2
007 C020200 PHOENIX STRATEGIC THEME FUND
007 C030200 N
007 C010300 3
007 C020300 PHOENIX SMALL CAP FUND
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 PHOENIX EQUITY PLANNING CORP.
010 B00AA01 84-5491
010 C01AA01 ENFIELD
010 C02AA01 CT
010 C03AA01 06083
010 C04AA01 2200
011 A00AA01 PHOENIX EQUITY PLANNING CORP.
011 B00AA01 8-45491
011 C01AA01 ENFIELD
011 C02AA01 CT
011 C03AA01 06083
011 C04AA01 2200
<PAGE> PAGE 2
012 A00AA01 PHOENIX EQUITY PLANNING CORP.
012 B00AA01 84-5491
012 C01AA01 ENFIELD
012 C02AA01 CT
012 C03AA01 06083
012 C04AA01 2200
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA01 PHOENIX EQUITY PLANNING CORP.
014 B00AA01 8-45491
015 A00AA01 STATE STREET BANK AND TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02101
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 57
019 C00AA00 PHOENIX-DP
020 A000001 INSTINET
020 B000001 13-3443395
020 C000001 268
020 A000002 ALEX BROWN & SONS, INC.
020 B000002 52-0256630
020 C000002 157
020 A000003 WEEDEN
020 B000003 13-3364318
020 C000003 145
020 A000004 MORGAN STANLEY
020 B000004 13-2655998
020 C000004 133
020 A000005 LEHMAN BROTHERS
020 B000005 NA
020 C000005 125
020 A000006 HAMBRECHT & QUIST
020 B000006 94-2856935
020 C000006 122
020 A000007 GOLDMAN SACHS
020 B000007 13-5108880
020 C000007 110
020 A000008 PAINE WEBBER
020 B000008 13-2638166
020 C000008 92
020 A000009 MONTGOMERY SECURITIES
020 B000009 NA
020 C000009 86
020 A000010 J. P. MORGAN SECURITIES
020 B000010 13-3224016
<PAGE> PAGE 3
020 C000010 85
021 000000 3313
022 A000001 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001 1774848
022 D000001 339368
022 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000002 13-5674085
022 C000002 413809
022 D000002 94579
022 A000003 FIRST BOSTON
022 B000003 13-5659485
022 C000003 316953
022 D000003 98391
022 A000004 BANK OF AMERICA
022 B000004 94-1687665
022 C000004 297893
022 D000004 65112
022 A000005 ALEX BROWN & SONS, INC.
022 B000005 52-0256630
022 C000005 170501
022 D000005 105984
022 A000006 HAMBRECHT & QUIST
022 B000006 94-2856935
022 C000006 120974
022 D000006 137101
022 A000007 FIRST CHICAGO CAPITAL MARKETS
022 B000007 36-3595942
022 C000007 228520
022 D000007 13485
022 A000008 BEAR STEARNS
022 B000008 13-3299429
022 C000008 103864
022 D000008 111813
022 A000009 ZION FIRST BANK
022 B000009 NA
022 C000009 194774
022 D000009 28593
022 A000010 DONALDSON, LUFKIN & JENRETTE CORP.
022 B000010 13-2741729
022 C000010 67447
022 D000010 106516
023 C000000 3689583
023 D000000 1100942
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
<PAGE> PAGE 4
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 Y
030 A00AA00 1085
030 B00AA00 4.75
030 C00AA00 0.00
031 A00AA00 119
031 B00AA00 0
032 00AA00 966
033 00AA00 0
034 00AA00 Y
035 00AA00 940
036 A00AA00 N
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
042 A00AA00 0
042 B00AA00 0
042 C00AA00 63
042 D00AA00 37
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 3163
044 00AA00 0
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
058 B00AA00 N
<PAGE> PAGE 5
058 C00AA00 N
058 D00AA00 N
058 E00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 500
062 A00AA00 N
062 B00AA00 0.0
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
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 NAT. UNION FIRE INSURANCE CO. OF PITTSBURG,PA
080 C00AA00 21000
081 A00AA00 Y
081 B00AA00 27
<PAGE> PAGE 6
082 A00AA00 N
082 B00AA00 0
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
008 A000101 NATIONAL SECURITIES & RESEARCH CORP.
008 B000101 A
008 C000101 801-8177
008 D010101 HARTFORD
008 D020101 CT
008 D030101 06115
008 D040101 0480
024 000100 N
025 D000101 0
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 109
028 A020100 0
028 A030100 0
028 A040100 1387
028 B010100 543
028 B020100 25815
028 B030100 0
028 B040100 2425
028 C010100 245
028 C020100 0
028 C030100 0
028 C040100 2128
028 D010100 57
028 D020100 0
028 D030100 0
<PAGE> PAGE 7
028 D040100 2571
028 E010100 117
028 E020100 0
028 E030100 0
028 E040100 2895
028 F010100 341
028 F020100 0
028 F030100 0
028 F040100 3253
028 G010100 1412
028 G020100 25815
028 G030100 0
028 G040100 14659
028 H000100 806
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 1000000
048 A020100 0.700
048 B010100 1000000
048 B020100 0.650
048 C010100 1000000
048 C020100 0.600
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
066 E000100 N
066 F000100 N
<PAGE> PAGE 8
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 Y
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
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 N
070 N010100 Y
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 680953
071 B000100 716109
071 C000100 183442
071 D000100 371
072 A000100 12
072 B000100 412
072 C000100 790
072 D000100 0
072 E000100 0
072 F000100 1327
<PAGE> PAGE 9
072 G000100 98
072 H000100 0
072 I000100 236
072 J000100 22
072 K000100 0
072 L000100 13
072 M000100 20
072 N000100 25
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 18
072 S000100 2
072 T000100 488
072 U000100 0
072 V000100 0
072 W000100 11
072 X000100 2260
072 Y000100 0
072 Z000100 -1058
072AA000100 52695
072BB000100 0
072CC010100 16227
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 35723
073 A010100 0.0000
073 A020100 0.0000
073 B000100 1.6300
073 C000100 0.0000
074 A000100 2
074 B000100 0
074 C000100 10153
074 D000100 0
074 E000100 0
074 F000100 191526
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 2694
074 K000100 0
074 L000100 147
074 M000100 0
074 N000100 204522
074 O000100 7813
074 P000100 202
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
<PAGE> PAGE 10
074 R040100 160
074 S000100 0
074 T000100 196347
074 U010100 24171
074 U020100 263
074 V010100 8.04
074 V020100 7.80
074 W000100 0.0000
074 X000100 10349
074 Y000100 0
075 A000100 0
075 B000100 189514
076 000100 0.00
008 A000201 PHOENIX INVESTMENT COUNSEL, INC.
008 B000201 A
008 C000201 801-5995
008 D010201 HARTFORD
008 D020201 CT
008 D030201 06115
008 D040201 0480
024 000200 Y
025 A000201 MERRILL LYNCH & CO., INC.
025 B000201 13-5674085
025 C000201 E
025 D000201 3071
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 1853
028 A020200 0
028 A030200 0
028 A040200 6633
028 B010200 1945
028 B020200 22733
028 B030200 0
028 B040200 2048
028 C010200 1805
028 C020200 0
028 C030200 0
028 C040200 4196
028 D010200 2366
028 D020200 0
028 D030200 0
028 D040200 2525
028 E010200 2019
028 E020200 0
028 E030200 0
<PAGE> PAGE 11
028 E040200 3832
028 F010200 1521
028 F020200 0
028 F030200 0
028 F040200 6400
028 G010200 11509
028 G020200 22733
028 G030200 0
028 G040200 25634
028 H000200 5080
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 1000000
048 A020200 0.750
048 B010200 1000000
048 B020200 0.700
048 C010200 1000000
048 C020200 0.650
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 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 N
<PAGE> PAGE 12
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 Y
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 851764
071 B000200 894684
071 C000200 137439
071 D000200 618
072 A000200 12
072 B000200 892
072 C000200 718
072 D000200 0
072 E000200 0
072 F000200 1139
072 G000200 95
072 H000200 0
072 I000200 242
072 J000200 20
<PAGE> PAGE 13
072 K000200 0
072 L000200 22
072 M000200 20
072 N000200 64
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 22
072 S000200 2
072 T000200 837
072 U000200 0
072 V000200 0
072 W000200 8
072 X000200 2471
072 Y000200 0
072 Z000200 -861
072AA000200 37824
072BB000200 0
072CC010200 7261
072CC020200 0
072DD010200 102
072DD020200 0
072EE000200 23586
073 A010200 0.0300
073 A020200 0.0000
073 B000200 2.2900
073 C000200 0.0000
074 A000200 1
074 B000200 0
074 C000200 27806
074 D000200 0
074 E000200 0
074 F000200 145730
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 2486
074 K000200 0
074 L000200 217
074 M000200 0
074 N000200 176240
074 O000200 19182
074 P000200 206
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 374
074 S000200 0
074 T000200 156478
074 U010200 6562
<PAGE> PAGE 14
074 U020200 4910
074 V010200 13.70
074 V020200 13.46
074 W000200 0.0000
074 X000200 10593
074 Y000200 0
075 A000200 0
075 B000200 152103
076 000200 0.00
008 A000301 PHOENIX INVESTMENT COUNSEL, INC.
008 B000301 A
008 C000301 801-5995
008 D010301 HARTFORD
008 D020301 CT
008 D030301 06115
008 D040301 0480
024 000300 N
025 D000301 0
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 6221
028 A020300 0
028 A030300 0
028 A040300 16259
028 B010300 6923
028 B020300 59252
028 B030300 0
028 B040300 9771
028 C010300 6710
028 C020300 0
028 C030300 0
028 C040300 13794
028 D010300 11984
028 D020300 0
028 D030300 0
028 D040300 16744
028 E010300 14699
028 E020300 0
028 E030300 0
028 E040300 24383
028 F010300 18582
028 F020300 0
028 F030300 0
028 F040300 18906
028 G010300 65119
028 G020300 59252
<PAGE> PAGE 15
028 G030300 0
028 G040300 99857
028 H000300 22153
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 1000000
048 A020300 0.750
048 B010300 1000000
048 B020300 0.700
048 C010300 1000000
048 C020300 0.650
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 N
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 Y
066 E000300 N
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
<PAGE> PAGE 16
070 D010300 Y
070 D020300 Y
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 1419510
071 B000300 1457553
071 C000300 285198
071 D000300 498
072 A000300 12
072 B000300 2280
072 C000300 480
072 D000300 0
072 E000300 0
072 F000300 2488
072 G000300 150
072 H000300 0
072 I000300 705
072 J000300 36
072 K000300 0
072 L000300 36
072 M000300 20
072 N000300 43
072 O000300 0
072 P000300 0
072 Q000300 0
<PAGE> PAGE 17
072 R000300 21
072 S000300 0
072 T000300 1838
072 U000300 0
072 V000300 0
072 W000300 17
072 X000300 5354
072 Y000300 0
072 Z000300 -2594
072AA000300 99577
072BB000300 0
072CC010300 30589
072CC020300 0
072DD010300 0
072DD020300 0
072EE000300 61836
073 A010300 0.0000
073 A020300 0.0000
073 B000300 3.4800
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 75631
074 D000300 0
074 E000300 0
074 F000300 292543
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 8286
074 K000300 0
074 L000300 1046
074 M000300 0
074 N000300 377506
074 O000300 25185
074 P000300 501
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 475
074 S000300 0
074 T000300 351345
074 U010300 11721
074 U020300 8699
074 V010300 17.37
074 V020300 16.99
074 W000300 0.0000
074 X000300 30812
074 Y000300 0
075 A000300 0
<PAGE> PAGE 18
075 B000300 331677
076 000300 0.00
SIGNATURE JACKIE PORTER
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000796299
<NAME> PHOENIX STRATEGIC EQUITY SERIES FUND
<SERIES>
<NUMBER> 011
<NAME> PHOENIX EQUITY OPPORTUNITIES FUND-CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 179619
<INVESTMENTS-AT-VALUE> 201680
<RECEIVABLES> 2842
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 204522
<PAYABLE-FOR-SECURITIES> 7813
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 362
<TOTAL-LIABILITIES> 8175
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 160100
<SHARES-COMMON-STOCK> 24171
<SHARES-COMMON-PRIOR> 23713
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 14186
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22060
<NET-ASSETS> 196347
<DIVIDEND-INCOME> 790
<INTEREST-INCOME> 411
<OTHER-INCOME> 0
<EXPENSES-NET> (2260)
<NET-INVESTMENT-INCOME> (1058)
<REALIZED-GAINS-CURRENT> 52695
<APPREC-INCREASE-CURRENT> 16227
<NET-CHANGE-FROM-OPS> 67864
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (35352)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 581
<NUMBER-OF-SHARES-REDEEMED> (3866)
<SHARES-REINVESTED> 2020
<NET-CHANGE-IN-ASSETS> 30900
<ACCUMULATED-NII-PRIOR> (1743)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1327
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2260
<AVERAGE-NET-ASSETS> 187596
<PER-SHARE-NAV-BEGIN> 6.89
<PER-SHARE-NII> (.04)
<PER-SHARE-GAIN-APPREC> 2.82
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.63)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.04
<EXPENSE-RATIO> 1.18
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000796299
<NAME> PHOENIX STRATEGIC EQUITY SERIES FUND
<SERIES>
<NUMBER> 012
<NAME> PHOENIX EQUITY OPPORTUNITIES FUND-CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 179619
<INVESTMENTS-AT-VALUE> 201680
<RECEIVABLES> 2842
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 204522
<PAYABLE-FOR-SECURITIES> 7813
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 362
<TOTAL-LIABILITIES> 8175
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 160100
<SHARES-COMMON-STOCK> 263
<SHARES-COMMON-PRIOR> 246
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 14186
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22060
<NET-ASSETS> 196347
<DIVIDEND-INCOME> 790
<INTEREST-INCOME> 411
<OTHER-INCOME> 0
<EXPENSES-NET> (2260)
<NET-INVESTMENT-INCOME> (1058)
<REALIZED-GAINS-CURRENT> 52695
<APPREC-INCREASE-CURRENT> 16227
<NET-CHANGE-FROM-OPS> 67864
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (372)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 47
<NUMBER-OF-SHARES-REDEEMED> (84)
<SHARES-REINVESTED> 54
<NET-CHANGE-IN-ASSETS> 386
<ACCUMULATED-NII-PRIOR> (1743)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1327
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2260
<AVERAGE-NET-ASSETS> 1919
<PER-SHARE-NAV-BEGIN> 6.77
<PER-SHARE-NII> (.10)
<PER-SHARE-GAIN-APPREC> 2.76
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.63)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.80
<EXPENSE-RATIO> 1.93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000796299
<NAME> PHOENIX STRATEGIC EQUITY SERIES FUND
<SERIES>
<NUMBER> 021
<NAME> PHOENIX STRATEGIC THEME FUND-CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 164055
<INVESTMENTS-AT-VALUE> 173536
<RECEIVABLES> 2704
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 176240
<PAYABLE-FOR-SECURITIES> 19182
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 580
<TOTAL-LIABILITIES> 19762
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 134583
<SHARES-COMMON-STOCK> 6562
<SHARES-COMMON-PRIOR> 6468
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12414
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9481
<NET-ASSETS> 156478
<DIVIDEND-INCOME> 718359
<INTEREST-INCOME> 892
<OTHER-INCOME> 0
<EXPENSES-NET> (2471)
<NET-INVESTMENT-INCOME> (861)
<REALIZED-GAINS-CURRENT> 37824
<APPREC-INCREASE-CURRENT> 7261
<NET-CHANGE-FROM-OPS> 44225
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (102)
<DISTRIBUTIONS-OF-GAINS> (13932)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1116
<NUMBER-OF-SHARES-REDEEMED> (2179)
<SHARES-REINVESTED> 1157
<NET-CHANGE-IN-ASSETS> 12057
<ACCUMULATED-NII-PRIOR> 236
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (564)
<GROSS-ADVISORY-FEES> 1139
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2471
<AVERAGE-NET-ASSETS> 90911
<PER-SHARE-NAV-BEGIN> 12.03
<PER-SHARE-NII> (.04)
<PER-SHARE-GAIN-APPREC> 4.03
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> (2.29)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.70
<EXPENSE-RATIO> 1.33
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000796299
<NAME> PHOENIX STRATEGIC EQUITY SERIES FUND
<SERIES>
<NUMBER> 022
<NAME> PHOENIX STRATEGIC THEME FUND-CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 164055
<INVESTMENTS-AT-VALUE> 173536
<RECEIVABLES> 2704
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 176240
<PAYABLE-FOR-SECURITIES> 19182
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 580
<TOTAL-LIABILITIES> 19762
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 134583
<SHARES-COMMON-STOCK> 4910
<SHARES-COMMON-PRIOR> 4184
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12414
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9481
<NET-ASSETS> 156478
<DIVIDEND-INCOME> 718359
<INTEREST-INCOME> 892
<OTHER-INCOME> 0
<EXPENSES-NET> (2471)
<NET-INVESTMENT-INCOME> (861)
<REALIZED-GAINS-CURRENT> 37824
<APPREC-INCREASE-CURRENT> 7261
<NET-CHANGE-FROM-OPS> 44225
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (9618)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 667
<NUMBER-OF-SHARES-REDEEMED> (724)
<SHARES-REINVESTED> 784
<NET-CHANGE-IN-ASSETS> 16264
<ACCUMULATED-NII-PRIOR> 236
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (564)
<GROSS-ADVISORY-FEES> 1139
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2474
<AVERAGE-NET-ASSETS> 60838
<PER-SHARE-NAV-BEGIN> 11.91
<PER-SHARE-NII> (.14)
<PER-SHARE-GAIN-APPREC> 3.98
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (2.29)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.46
<EXPENSE-RATIO> 2.08
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000796299
<NAME> PHOENIX STRATEGIC EQUITY SERIES FUND
<SERIES>
<NUMBER> 023
<NAME> PHOENIX STRATEGIC THEME FUND-CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 164055
<INVESTMENTS-AT-VALUE> 173536
<RECEIVABLES> 2704
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 176240
<PAYABLE-FOR-SECURITIES> 19182
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 580
<TOTAL-LIABILITIES> 19762
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 134583
<SHARES-COMMON-STOCK> 20
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12414
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9481
<NET-ASSETS> 156478
<DIVIDEND-INCOME> 718359
<INTEREST-INCOME> 892
<OTHER-INCOME> 0
<EXPENSES-NET> (2471)
<NET-INVESTMENT-INCOME> (861)
<REALIZED-GAINS-CURRENT> 37824
<APPREC-INCREASE-CURRENT> 7261
<NET-CHANGE-FROM-OPS> 44225
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (21)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 18
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 12
<NET-CHANGE-IN-ASSETS> 267
<ACCUMULATED-NII-PRIOR> 236
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (564)
<GROSS-ADVISORY-FEES> 1139
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2474
<AVERAGE-NET-ASSETS> 179
<PER-SHARE-NAV-BEGIN> 14.93
<PER-SHARE-NII> (.05)
<PER-SHARE-GAIN-APPREC> .88
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (2.29)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.47
<EXPENSE-RATIO> 2.08
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000796299
<NAME> PHOENIX STRATEGIC EQUITY SERIES FUND
<SERIES>
<NUMBER> 024
<NAME> PHOENIX STRATEGIC THEME FUND-CLASS M
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 164055
<INVESTMENTS-AT-VALUE> 173536
<RECEIVABLES> 2704
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 176240
<PAYABLE-FOR-SECURITIES> 19182
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 580
<TOTAL-LIABILITIES> 19762
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 134583
<SHARES-COMMON-STOCK> 16
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12414
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9481
<NET-ASSETS> 156478
<DIVIDEND-INCOME> 718359
<INTEREST-INCOME> 892
<OTHER-INCOME> 0
<EXPENSES-NET> (2471)
<NET-INVESTMENT-INCOME> (861)
<REALIZED-GAINS-CURRENT> 37824
<APPREC-INCREASE-CURRENT> 7261
<NET-CHANGE-FROM-OPS> 44225
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (15)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 15
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 1
<NET-CHANGE-IN-ASSETS> 220
<ACCUMULATED-NII-PRIOR> 236
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (564)
<GROSS-ADVISORY-FEES> 1139
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2474
<AVERAGE-NET-ASSETS> 176
<PER-SHARE-NAV-BEGIN> 14.93
<PER-SHARE-NII> (.02)
<PER-SHARE-GAIN-APPREC> .88
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (2.29)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.50
<EXPENSE-RATIO> 1.58
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000796299
<NAME> PHOENIX STRATEGIC EQUITY SERIES FUND
<SERIES>
<NUMBER> 031
<NAME> PHOENIX SMALL CAP FUND-CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 339588
<INVESTMENTS-AT-VALUE> 368174
<RECEIVABLES> 9331
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 377506
<PAYABLE-FOR-SECURITIES> 25185
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 976
<TOTAL-LIABILITIES> 26161
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 313055
<SHARES-COMMON-STOCK> 11721
<SHARES-COMMON-PRIOR> 10973
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 9703
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28587
<NET-ASSETS> 351345
<DIVIDEND-INCOME> 480
<INTEREST-INCOME> 2280
<OTHER-INCOME> 0
<EXPENSES-NET> (5354)
<NET-INVESTMENT-INCOME> (2594)
<REALIZED-GAINS-CURRENT> 99577
<APPREC-INCREASE-CURRENT> 30589
<NET-CHANGE-FROM-OPS> 127573
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (35703)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5293
<NUMBER-OF-SHARES-REDEEMED> (6910)
<SHARES-REINVESTED> 2365
<NET-CHANGE-IN-ASSETS> 48471
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (25445)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2488
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5354
<AVERAGE-NET-ASSETS> 197131
<PER-SHARE-NAV-BEGIN> 14.13
<PER-SHARE-NII> (.08)
<PER-SHARE-GAIN-APPREC> 6.80
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (3.48)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.37
<EXPENSE-RATIO> 1.31
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000796299
<NAME> PHOENIX STRATEGIC EQUITY SERIES FUND
<SERIES>
<NUMBER> 032
<NAME> PHOENIX SMALL CAP FUND-CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> APR-30-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 339588
<INVESTMENTS-AT-VALUE> 368174
<RECEIVABLES> 9331
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 377506
<PAYABLE-FOR-SECURITIES> 25185
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 976
<TOTAL-LIABILITIES> 26161
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 313055
<SHARES-COMMON-STOCK> 8699
<SHARES-COMMON-PRIOR> 6984
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 9703
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28587
<NET-ASSETS> 351345
<DIVIDEND-INCOME> 480
<INTEREST-INCOME> 2280
<OTHER-INCOME> 0
<EXPENSES-NET> (5354)
<NET-INVESTMENT-INCOME> (2594)
<REALIZED-GAINS-CURRENT> 99577
<APPREC-INCREASE-CURRENT> 30589
<NET-CHANGE-FROM-OPS> 127573
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (26133)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1984
<NUMBER-OF-SHARES-REDEEMED> (1738)
<SHARES-REINVESTED> 2008
<NET-CHANGE-IN-ASSETS> 98609
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (25445)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2488
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5354
<AVERAGE-NET-ASSETS> 134547
<PER-SHARE-NAV-BEGIN> 13.98
<PER-SHARE-NII> (.21)
<PER-SHARE-GAIN-APPREC> 6.70
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (3.48)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.99
<EXPENSE-RATIO> 2.06
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
EXHIBIT A - ITEM 77B
June 18, 1998
To the Shareholders and Trustees of
Phoenix Strategic Equity Series Fund
In planning and performing our audit of the financial statements of the
Phoenix Strategic Equity Series Fund (the "Fund") for the year ended April
30, 1998, we considered its internal control, including control activities
for safeguarding securities, in order to determine our auditing procedures
for the purpose of expressing our opinion on the financial statements and
to comply with the requirements of Form N-SAR, not to provide assurance on
internal control.
The management of the Fund is responsible for establishing and
maintaining internal control. In fulfilling this responsibility,
estimates and judgments by management are required to assess the expected
benefits and related costs of controls. Generally, controls that are
relevant to an audit pertain to the entity's objective of preparing
financial statements for external purposes that are fairly presented in
conformity with generally accepted accounting principles. Those controls
include the safeguarding of assets against unauthorized acquisition, use or
disposition.
Because of inherent limitations in internal control, errors or
irregularities may occur and not be detected. Also, projection of any
evaluation of internal control to future periods is subject to the risk
that it may become inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.
Our consideration of internal control would not necessarily disclose all
matters in internal control that might be material weaknesses under
standards established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the design or
operation of one or more of the internal control components does not reduce
to a relatively low level the risk that misstatements caused by error or
fraud in amounts that would be material in relation to the financial
statements being audited may occur and not be detected within a timely
period by employees in the normal course of performing their assigned
functions. However, we noted no matters involving internal control and
its operation, including controls for safeguarding securities, that we
consider to be material weaknesses as defined above as of April 30, 1998.
This report is intended solely for the information and use of management
and the Trustees of the Fund and the Securities and Exchange Commission.
PRICE WATERHOUSE LLP