<PAGE> PAGE 1
000 B000000 02/28/94
000 C000000 079951
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 KEYSTONE PRECIOUS METALS HOLDINGS
001 B000000 811-2303
001 C000000 6173383200
002 A000000 200 BERKELEY STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02116
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
020 A000001 MCIN-SA
020 C000001 70384
020 A000002 FM
020 C000002 61243
020 A000003 ORD MINNETT
020 C000003 43475
020 A000004 YORKTON
020 C000004 42881
020 A000005 BURNSFRY
020 B000005 13-2692943
020 C000005 38932
020 A000006 WICARR
020 C000006 34500
020 A000007 NT
020 C000007 30862
020 A000008 WERE
020 B000008 13-3077027
020 C000008 28769
020 A000009 WAR-SA
020 C000009 19000
020 A000010 DBH
020 C000010 15105
021 000000 385151
022 C000001 0
022 D000001 0
022 C000002 0
022 D000002 0
022 C000003 0
022 D000003 0
<PAGE> PAGE 2
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 0
023 D000000 0
028 A010000 18479
028 A020000 0
028 A030000 0
028 A040000 18159
028 B010000 26332
028 B020000 0
028 B030000 0
028 B040000 16311
028 C010000 24573
028 C020000 0
028 C030000 0
028 C040000 29740
028 D010000 34458
028 D020000 0
028 D030000 0
028 D040000 25772
028 E010000 50380
028 E020000 0
028 E030000 0
028 E040000 62278
028 F010000 38409
028 F020000 0
028 F030000 0
028 F040000 35566
028 G010000 192631
028 G020000 0
028 G030000 0
028 G040000 187826
028 H000000 0
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
<PAGE> PAGE 3
042 G000000 0
042 H000000 0
043 000000 1624
044 000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
071 A000000 594280
071 B000000 598739
071 C000000 172812
071 D000000 73
072 A000000 12
072 B000000 57
072 C000000 2686
072 D000000 0
072 E000000 0
072 F000000 1190
072 G000000 0
072 H000000 0
072 I000000 821
072 J000000 123
072 K000000 0
072 L000000 34
072 M000000 23
072 N000000 94
072 O000000 27
072 P000000 0
072 Q000000 28
072 R000000 28
072 S000000 -7
072 T000000 1624
072 U000000 0
072 V000000 0
072 W000000 85
072 X000000 4071
072 Y000000 0
<PAGE> PAGE 4
072 Z000000 -1327
072AA000000 46667
072BB000000 0
072CC010000 41093
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 6198
074 D000000 1251
074 E000000 0
074 F000000 191889
074 G000000 0
074 H000000 0
074 I000000 700
074 J000000 0
074 K000000 0
074 L000000 0
074 M000000 451
074 N000000 200489
074 O000000 39
074 P000000 64
074 Q000000 0
074 R010000 4140
074 R020000 0
074 R030000 0
074 R040000 0
074 S000000 0
074 T000000 196246
074 U010000 7990
074 U020000 0
074 V010000 25.09
074 V020000 0.00
074 W000000 0.0000
074 X000000 0
074 Y000000 0
075 A000000 0
075 B000000 172812
076 000000 0.00
077 A000000 Y
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 B000000 FREDERICK JONES
080 C000000 30000
081 A000000 Y
081 B000000 30
<PAGE> PAGE 5
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 N
085 B000000 N
SIGNATURE KEVIN J. MORRISSEY
TITLE ASSITANT TREASURER