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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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015 C010341 ZURICH
015 D010341 SWITZERLAND
015 D020341 CH-4002
015 E040341 X
015 A000342 STANDARD CHARTERED BANK
015 B000342 S
015 C010342 TAIPEI
015 D010342 TAIWAN
015 E040342 X
015 A000343 HONGKONG & SHANGHAI BANKING CORP.
015 B000343 S
015 C010343 BANGKOK
015 D010343 THAILAND
015 D020343 10500
015 E040343 X
015 A000344 CITIBANK, N.A.
015 B000344 S
015 C010344 ISTANBUL
015 D010344 TURKEY
015 D020344 80200
015 E040344 X
015 A000345 MORGAN GUARANTY TRUST COMPANY OF NEW YORK
015 B000345 S
015 C010345 LONDON
015 D010345 UNITED KINGDOM
<PAGE> PAGE 20
015 D020345 EC4YOJT
015 E040345 X
015 A000346 CITIBANK, N.A.
015 B000346 S
015 C010346 MONTEVIDEO
015 D010346 URUGUAY
015 E040346 X
015 A000347 CITIBANK, N.A.
015 B000347 S
015 C010347 CARACAS
015 D010347 VENEZUELA
015 D020347 1010
015 E040347 X
015 A000348 DELETE
015 A000349 DELETE
015 A000350 DELETE
015 A000351 DELETE
015 A000352 DELETE
015 A000353 DELETE
015 A000354 DELETE
015 A000355 DELETE
015 A000356 DELETE
028 A010300 158
028 A020300 0
028 A030300 0
028 A040300 1257
028 B010300 174
028 B020300 0
028 B030300 0
028 B040300 1068
028 C010300 196
028 C020300 0
028 C030300 0
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028 D010300 444
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028 D030300 0
028 D040300 1012
028 E010300 16
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028 F010300 318
028 F020300 0
028 F030300 0
028 F040300 561
028 G010300 1306
028 G020300 0
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028 G040300 5393
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<PAGE> PAGE 21
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.750
048 A010300 0
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048 B010300 0
048 B020300 0.000
048 C010300 0
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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
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
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063 A000300 0
063 B000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 Y
066 E000300 N
<PAGE> PAGE 22
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 Y
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
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 Y
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 Y
070 N010300 N
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 Y
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 5719
071 B000300 8381
071 C000300 26692
071 D000300 21
072 A000300 6
072 B000300 12
072 C000300 260
072 D000300 0
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<PAGE> PAGE 23
072 F000300 102
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072 L000300 14
072 M000300 2
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072 S000300 6
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072 X000300 146
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072AA000300 443
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073 C000300 0.0000
074 A000300 261
074 B000300 430
074 C000300 0
074 D000300 0
074 E000300 1011
074 F000300 25613
074 G000300 0
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074 N000300 27444
074 O000300 486
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<PAGE> PAGE 24
074 R030300 0
074 R040300 151
074 S000300 0
074 T000300 26791
074 U010300 2047
074 U020300 0
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075 A000300 0
075 B000300 27250
076 000300 0.00
008 A000401 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000401 A
008 C000401 801-13219
008 D010401 NY
008 D020401 NY
008 D030401 10019
015 A000401 BROWN BROTHERS HARRIMAN & CO
015 B000401 C
015 C010401 BOSTON
015 C020401 MA
015 C030401 02109
015 E010401 X
015 A000402 CITIBANK, N.A.
015 B000402 S
015 C010402 BUENOS AIRES
015 D010402 ARGENTINA
015 E040402 X
015 A000403 NATIONAL AUSTRALIA BANK
015 B000403 S
015 C010403 MELBOURNE
015 D010403 AUSTALIA
015 E040403 X
015 A000404 CREDITANSTALT BANKVEREIN
015 B000404 S
015 C010404 VIENNA
015 D010404 AUSTRIA
015 E040404 X
015 A000405 STANDARD CHARTERED BANK
015 B000405 S
015 C010405 DHAKA
015 D010405 BANGLADESH
015 E040405 X
015 A000406 MORGAN GUARANTY TRUST CO. OF NEW YORK
015 B000406 S
015 C010406 BRUSSESL
015 D010406 BELGIUM
015 E040406 X
<PAGE> PAGE 25
015 A000407 BANK OF BOSTON
015 B000407 S
015 C010407 SAO PAULO
015 D010407 BRAZIL
015 E040407 X
015 A000408 CANADIAN IMPERIAL BANK OF COMMERCE
015 B000408 S
015 C010408 TORONTO
015 D010408 CANADA
015 E040408 X
015 A000409 DEN DANSKE BANK
015 B000409 S
015 C010409 COPENHAGEN
015 D010409 DENMARK
015 E040409 X
015 A000410 UNION BANK OF FINLAND
015 B000410 S
015 C010410 HELSINKI
015 D010410 FINLAND
015 E040410 X
015 A000411 MORGAN GUARANTY TRUST COMPANY OF NY
015 B000411 S
015 C010411 PARIS
015 D010411 FRANCE
015 E040411 X
015 A000412 MORGAN GUARANTY TRUST COMPANY OF NEW YORK
015 B000412 S
015 C010412 FRANKFURT
015 D010412 GERMANY
015 E040412 X
015 A000413 CITIBANK, N.A.
015 B000413 S
015 C010413 ATHENS
015 D010413 GREECE
015 E040413 X
015 A000414 CHASE MANHATTAN BANK
015 B000414 S
015 C010414 HONG KONG
015 D010414 HONG KONG
015 E040414 X
015 A000415 CITIBANK, N.A.
015 B000415 S
015 C010415 JAKARTA
015 D010415 INDONESIA
015 E040415 X
015 A000416 ALLIED IRISH BANKS PLC
015 B000416 S
015 C010416 DUBLIN
015 D010416 IRELAND
015 E040416 X
015 A000417 BANCA COMMERCIALE ITALIANA
<PAGE> PAGE 26
015 B000417 S
015 C010417 MILAN
015 D010417 ITALY
015 E040417 X
015 A000418 THE SUMITOMO TRUST & BANKING CO., LTD.
015 B000418 S
015 C010418 TOKYO
015 D010418 JAPAN
015 E040418 X
015 A000419 CITIBANK, N.A.
015 B000419 S
015 C010419 SEOUL
015 D010419 SOUTH KOREA
015 E040419 X
015 A000420 HONG KONG & SHANGHAI BANKING CORP
015 B000420 S
015 C010420 KUALA LAMPUR
015 D010420 MALAYSIA
015 E040420 X
015 A000421 CITIBANK, N.A.
015 B000421 S
015 C010421 MEXICO CITY
015 D010421 MEXICO
015 E040421 X
015 A000422 ABN AMRO BANK
015 B000422 S
015 C010422 BREDA
015 D010422 NETHERLANDS
015 E040422 X
015 A000423 NATIONAL AUSTRALIA BANK LTD.
015 B000423 S
015 C010423 AUCKLAND
015 D010423 NEW ZEALAND
015 E040423 X
015 A000424 DEN NORSKE BANK
015 B000424 S
015 C010424 NORWAY
015 D010424 NORWAY
015 E040424 X
015 A000425 CITIBANK, N.A.
015 B000425 S
015 C010425 LIMA
015 D010425 PERU
015 E040425 X
015 A000426 CITIBANK, N.A.
015 B000426 S
015 C010426 MANILA
015 D010426 PHILIPPINES
015 E040426 X
015 A000427 BANK POLSKA KASA OPIEKI S.A.
015 B000427 S
<PAGE> PAGE 27
015 C010427 WARSAW
015 D010427 POLAND
015 E040427 X
015 A000428 BANCO ESPIRITO SANTO E COMERICAL DE LISBOA
015 B000428 S
015 C010428 LISBON
015 D010428 PORTUGAL
015 E040428 X
015 A000429 HONGKONG & SHANGHAI BANKING CORP.
015 B000429 S
015 C010429 SINGAPORE
015 D010429 SINGAPORE
015 E040429 X
015 A000430 FIRST NATIONAL BANK OF SOUTHERN AFRICA LTD
015 B000430 S
015 C010430 JOHANNESBURG
015 D010430 SOUTH AFRICA
015 E040430 X
015 A000431 BANCO SANTADER
015 B000431 S
015 C010431 MADRID
015 D010431 SPAIN
015 E040431 X
015 A000432 SKANKINAVISKA ENSKILDA BANKEN
015 B000432 S
015 C010432 STOCKHOLM
015 D010432 SWEDEN
015 E040432 X
015 A000433 SWISS BANK CORPORATION
015 B000433 S
015 C010433 ZURICH
015 D010433 SWITZERLAND
015 E040433 X
015 A000434 HONGKONG & SHANGHAI BANKING CORP.
015 B000434 S
015 C010434 BANKOK
015 D010434 THAILAND
015 E040434 X
015 A000435 MORGAN GUARANTY TRUST CO. OF NY
015 B000435 S
015 C010435 LONDON
015 D010435 UNITED KINGDOM
015 E040435 X
015 A000436 CITIBANK, N.A.
015 B000436 S
015 C010436 CARACAS
015 D010436 VENEZUELA
015 E040436 X
028 A010400 99
028 A020400 3348
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<PAGE> PAGE 28
028 A040400 2806
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045 000400 Y
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<PAGE> PAGE 29
048 K020400 0.000
062 A000400 Y
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063 B000400 5.1
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 Y
069 000400 N
070 A010400 Y
070 A020400 Y
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070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
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070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
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<PAGE> PAGE 30
070 L020400 Y
070 M010400 Y
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<PAGE> PAGE 31
073 A020400 0.0000
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008 A000501 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000501 A
008 C000501 801-13219
008 D010501 NY
008 D020501 NY
008 D030501 10019
008 A000502 PACIFIC INVESTMENT MANAGEMENT COMPANY
008 B000502 S
008 C000502 801-00000
008 D010502 NEWPORT BEACH
008 D020502 CA
008 D030502 92658
015 A000501 STATE STREET BANK & TRUST CO.
015 B000501 C
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<PAGE> PAGE 32
015 C020501 MA
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015 E010501 X
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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008 A000601 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000601 A
008 C000601 801-13219
008 D010601 NY
008 D020601 NY
008 D030601 10019
015 A000601 STATE STREET BANK & TRUST CO.
015 B000601 C
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
070 E020700 N
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<PAGE> PAGE 43
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008 A000801 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
<PAGE> PAGE 44
008 B000801 A
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<PAGE> PAGE 45
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<PAGE> PAGE 46
069 000800 N
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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008 A001001 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
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<PAGE> PAGE 53
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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<PAGE> PAGE 56
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SIGNATURE JULIAN SLUYTERS
TITLE SENIOR VP\TREASURER
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<TABLE> <S> <C>
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<CIK> 0000806591
<NAME> PW SERIES TRUST
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<NAME> GROWTH PORTFOLIO
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<TABLE> <S> <C>
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<NAME> PW SERIES TRUST
<SERIES>
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<TABLE> <S> <C>
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<NAME> PW SERIES TRUST
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<NAME> GLOBAL INCOME PORTFOLIO
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<S> <C>
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<NAME> PW SERIES TRUST
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<NUMBER> 5
<NAME> STRATEGIC FIXED INCOME
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<S> <C>
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<NAME> PW SERIES TRUST
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<NET-INVESTMENT-INCOME> 386
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<APPREC-INCREASE-CURRENT> (778)
<NET-CHANGE-FROM-OPS> 1866
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<NUMBER-OF-SHARES-SOLD> 1246
<NUMBER-OF-SHARES-REDEEMED> (670)
<SHARES-REINVESTED> 217
<NET-CHANGE-IN-ASSETS> 10329
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> (2)
<OVERDIST-NET-GAINS-PRIOR> (1)
<GROSS-ADVISORY-FEES> 126
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<GROSS-EXPENSE> 197
<AVERAGE-NET-ASSETS> 33726
<PER-SHARE-NAV-BEGIN> 10.70
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 0.49
<PER-SHARE-DIVIDEND> 0
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<PER-SHARE-NAV-END> 11.32
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</TABLE>
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<MULTIPLIER> 1000
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</TABLE>
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<NAME> PW SERIES TRUST
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<NUMBER> 9
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<MULTIPLIER> 1000
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
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<PAID-IN-CAPITAL-COMMON> 0
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<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 2
<INTEREST-INCOME> 22
<OTHER-INCOME> 0
<EXPENSES-NET> 13
<NET-INVESTMENT-INCOME> 11
<REALIZED-GAINS-CURRENT> 1894
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1905
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6)
<DISTRIBUTIONS-OF-GAINS> (1866)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (13970)
<SHARES-REINVESTED> 2025
<NET-CHANGE-IN-ASSETS> (11945)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 28
<OVERDISTRIB-NII-PRIOR> 5
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 7
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 13
<AVERAGE-NET-ASSETS> 13559
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<PAGE>
For period ending June 30, 1996 Attachment 77C
File Number 811-4919
PaineWebber Series Trust
A special meeting of shareholders was held on April 11, 1996, at which the
following proposals were approved:
Approval of the proposed changes to each Portfolio s fundamental investment
restrictions and policies:
1. Modification of Fundamental Restriction on Portfolio Diversification for
Diversified Funds:
Shares For Voted
Shares Voted Against
Shares Abstain
Money Market
17,028,523.454
875,733.791
1,936,950.454
Global Growth
2,006,976.665
43,523.875
156,461.324
Growth
2,192,234.882
100,956.730
170,811.766
Balanced
3,020,185.649
119,662.509
193,294.692
Strategic Fixed Income
1,233,499.545
26,459.860
69,805.352
Growth and Income
1,123,322.099
34,445.824
83,596.909
Aggressive Growth
1,465,347.628
22,264.887
102,736.550
High Grade Fixed Income
867,956.863
31,562.068
92,998.923
2. Modification of Fundamental Restriction on Portfolio Diversification for
Non-Diversified Funds:
Shares For Voted
Shares Against
Shares Abstain
Global Income
2,840,952.120
43,913.483
190,958.996
3. Modification of Fundamental Restriction on Concentration;
4. Modification of Fundamental Restriction on Underwriting Securities;
5. Modification of Fundamental Restriction on Real Estate Investments;
6. Elimination of Fundamental Restriction on Pledging Portfolio Securities;
7. Elimination of Fundamental Restriction on Investments in Oil, Gas and
Mineral Leases and Programs;
For each of the proposals listed above the votes were as follows:
Shares For Voted
Shares Voted Against
Shares Abstain
Money Market
17,028,523.454
875,733.791
1,936,950.454
Global Growth
2,006,976.665
43,523.875
156,461.324
Growth
2,192,234.882
100,956.730
170,811.766
Global Income
2,840,952.120
43,913.483
190,958.996
Balanced
3,020,185.649
119,662.509
193,294.692
Strategic Fixed Income
1,233,499.545
26,459.860
69,805.352
Growth and Income
1,123,322.099
34,445.824
83,596.909
Aggressive Growth
1,465,347.628
22,264.887
102,736.550
High Grade Fixed Income
867,956.863
31,562.068
92,998.923
8. Modification of Fundamental Restriction on Senior Securities and
Borrowing;
9. Modification of Fundamental Restriction on Making Loans;
10. Elimination of Fundamental Restriction on Short Sales;
<PAGE>
For each of the proposals listed above, the votes were as follows:
Shares for Voted
Shares Against
Shares Abstain
Money Market
17,028,523.454
875,733.791
1,936,950.454
Global Growth
2,006,976.665
43,523.875
156,461.324
Growth
2,187,611.895
105,579.717
170,811.766
Global Income
2,840,952.120
43,913.483
190,958.996
Balanced
3,020,185.649
119,662.509
193,294.692
Strategic Fixed Income
1,233,499.545
26,459.860
69,805.352
Growth and Income
1,118,661.326
39,049.057
83,654.449
Aggressive Growth
1,465,347.628
22,264.887
102,736.550
High Grade Fixed Income
867,956.863
31,562.068
92,998.923
11. Modification of Fundamental Restriction on Investing in Commodities:
Shares for Voted
Shares Against
Shares Abstain
Money Market
17,028,523.454
875,733.791
1,936,950.454
Global Growth
1,981,952.308
68,422.482
156,587.074
Growth
2,166,857.608
126,334.003
170,811.766
Global Income
2,840,952.120
43,913.483
190,958.996
Balanced
2,985,491.652
154,356.506
193,294.692
Strategic Fixed Income
1,233,499.545
26,459.860
69,805.352
Growth and Income
1,118,661.326
39,049.057
83,654.449
Aggressive Growth
1,465,347.628
22,264.887
102,736.550
High Grade Fixed Income
867,956.863
31,562.068
92,998.923
12. Elimination of Fundamental Restriction on Margin Transactions:
Shares for Voted
Shares Against
Shares Abstain
Money Market
17,028,523.454
875,733.791
1,936,950.454
Global Growth
2,006,976.665
43,523.875
156,461.324
Growth
2,192,234.882
100,956.730
170,811.766
Global Income
2,840,952.120
43,913.483
190,958.996
Balanced
3,020,185.649
119,662.509
193,294.692
Strategic Fixed Income
1,232,485.876
27,545.933
69,732.947
Growth and Income
1,123,322.099
34,445.824
83,596.909
Aggressive Growth
1,465,347.628
22,264.887
102,736.550
High Grade Fixed Income
867,956.863
31,562.068
92,998.923
13. Elimination of Fundamental Restriction on Investments in Other
Investment Companies:
Shares for Voted
Shares Against
Shares Abstain
Money Market
17,028,523.454
875,733.791
1,936,950.454
Global Growth
2,006,976.665
43,523.875
156,461.324
Growth
2,192,234.882
100,956.730
170,811.766
Global Income
2,837,176.633
47,688.970
190,958.996
Balanced
3,020,185.649
119,662.509
193,294.692
Strategic Fixed Income
1,233,499.545
26,459.860
69,805.352
Growth and Income
1,123,322.099
34,445.824
83,596.909
Aggressive Growth
1,465,347.628
22,264.887
102,736.550
High Grade Fixed Income
867,956.863
31,562.068
92,998.923
(Broker non-votes and abstentions are included within the Shares Withhold
Authority or Shares Abstain totals.)<PAGE>
For period ending June 30, 1996
Attachment 77D
File Number 811-4919
Series Trust Balanced Portfolio and Series Trust Growth and Income
Portfolio eliminated their $300 million capitalization floor on equity
investments.
Series Trust Balanced Portfolio amended its non-fundamental investment
policies to permit investments in options and futures.
Series Trust High Grade Fixed Income Portfolio amended its non-
fundamental investment policies to permit investment of up to 35%
of its total assets in investment grade securities (the top four grades).
Previously, the Portfolio could invest up to 20% of its total assets in
securities in the third highest grade and could not invest at all in
securities in the fourth highest grade.
<PAGE>
