PREMIER GNMA FUND
NSAR-A, 1995-08-28
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SIGNATURE   FREDERICK C. DEY                             
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000804171
<NAME> PREMIER GNMA FUND
<SERIES>
   <NUMBER> 1
   <NAME> CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-END>                               DEC-31-1995
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<INVESTMENTS-AT-VALUE>                          163124
<RECEIVABLES>                                    16576
<ASSETS-OTHER>                                      18
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<TOTAL-ASSETS>                                  179718
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          707
<TOTAL-LIABILITIES>                                707
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        186868
<SHARES-COMMON-STOCK>                             9744
<SHARES-COMMON-PRIOR>                            10450
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (12574)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          4717
<NET-ASSETS>                                    139584
<DIVIDEND-INCOME>                                    0
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                            776
<NUMBER-OF-SHARES-REDEEMED>                       1710
<SHARES-REINVESTED>                                227
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<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (15890)
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<PER-SHARE-NII>                                    .47
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<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000804171
<NAME> PREMIER GNMA FUND
<SERIES>
   <NUMBER> 2
   <NAME> CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                           158407
<INVESTMENTS-AT-VALUE>                          163124
<RECEIVABLES>                                    16576
<ASSETS-OTHER>                                      18
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  179718
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          707
<TOTAL-LIABILITIES>                                707
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        186868
<SHARES-COMMON-STOCK>                             2750
<SHARES-COMMON-PRIOR>                             2636
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (12574)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          4717
<NET-ASSETS>                                     39427
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 6876
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1011
<NET-INVESTMENT-INCOME>                           5865
<REALIZED-GAINS-CURRENT>                          3316
<APPREC-INCREASE-CURRENT>                         6709
<NET-CHANGE-FROM-OPS>                            15890
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1155
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            291
<NUMBER-OF-SHARES-REDEEMED>                        228
<SHARES-REINVESTED>                                 51
<NET-CHANGE-IN-ASSETS>                            1845
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (15890)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              483
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1011
<AVERAGE-NET-ASSETS>                             37252
<PER-SHARE-NAV-BEGIN>                            13.55
<PER-SHARE-NII>                                    .43
<PER-SHARE-GAIN-APPREC>                            .79
<PER-SHARE-DIVIDEND>                               .43
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.34
<EXPENSE-RATIO>                                   .016
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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