KEYSTONE AMERICA FUND FOR TOTAL RETURN
NSAR-A, 1995-07-24
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<PAGE>      PAGE  1
000 A000000 05/31/95
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000 J000000 U
001 A000000 KEYSTONE AMERICA FUND FOR TOTAL RETURN
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001 C000000 6173383200
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SIGNATURE   KEVIN J. MORRISSEY                           
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER>	101
<NAME>	KEYSTONE FUND FOR TOTAL RETURN CLASS A
<PERIOD-TYPE>	6-MOS
<FISCAL-YEAR-END>	NOV-30-1995
<PERIOD-START>	DEC-01-1994
<PERIOD-END>	MAY-31-1995
<INVESTMENTS-AT-COST>	38,243,140
<INVESTMENTS-AT-VALUE>	45,662,782
<RECEIVABLES>	661,760
<ASSETS-OTHER>	10,503
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	46,335,045
<PAYABLE-FOR-SECURITIES>	30,013
<SENIOR-LONG-TERM-DEBT>	0
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<SENIOR-EQUITY>	0
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<SHARES-COMMON-STOCK>	1,917,885
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<ACCUMULATED-NII-CURRENT>	0
<OVERDISTRIBUTION-NII>	(36,113)
<ACCUMULATED-NET-GAINS>	837,246
<OVERDISTRIBUTION-GAINS>	0
<ACCUM-APPREC-OR-DEPREC>	6,406,744
<NET-ASSETS>	24,855,613
<DIVIDEND-INCOME>	307,829
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<OTHER-INCOME>	0
<EXPENSES-NET>	(186,321)
<NET-INVESTMENT-INCOME>	285,509
<REALIZED-GAINS-CURRENT>	336,712
<APPREC-INCREASE-CURRENT>	1,964,321
<NET-CHANGE-FROM-OPS>	2,586,542
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	(303,392)
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
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<NUMBER-OF-SHARES-REDEEMED>	(238,351)
<SHARES-REINVESTED>	21,376
<NET-CHANGE-IN-ASSETS>	1,693,119
<ACCUMULATED-NII-PRIOR>	0
<ACCUMULATED-GAINS-PRIOR>	500,536
<OVERDISTRIB-NII-PRIOR>	(18,229)
<OVERDIST-NET-GAINS-PRIOR>	0
<GROSS-ADVISORY-FEES>	(76,761)
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<GROSS-EXPENSE>	(192,456)
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<EXPENSE-RATIO>	1.61
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER>	102
<NAME>	KEYSTONE FUND FOR TOTAL RETURN CLASS B
<PERIOD-TYPE>	6-MOS
<FISCAL-YEAR-END>	NOV-30-1995
<PERIOD-START>	DEC-01-1994
<PERIOD-END>	MAY-31-1995
<INVESTMENTS-AT-COST>	38,243,140
<INVESTMENTS-AT-VALUE>	45,662,782
<RECEIVABLES>	661,760
<ASSETS-OTHER>	10,503
<OTHER-ITEMS-ASSETS>	0
<TOTAL-ASSETS>	46,335,045
<PAYABLE-FOR-SECURITIES>	30,013
<SENIOR-LONG-TERM-DEBT>	0
<OTHER-ITEMS-LIABILITIES>	5,320
<TOTAL-LIABILITIES>	35,333
<SENIOR-EQUITY>	0
<PAID-IN-CAPITAL-COMMON>	12,495,099
<SHARES-COMMON-STOCK>	1,001,511
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<OVERDISTRIBUTION-NII>	(17,773)
<ACCUMULATED-NET-GAINS>	0
<OVERDISTRIBUTION-GAINS>	(73,359)
<ACCUM-APPREC-OR-DEPREC>	594,296
<NET-ASSETS>	12,998,263
<DIVIDEND-INCOME>	133,985
<INTEREST-INCOME>	67,265
<OTHER-INCOME>	0
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<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	(103,258)
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<AVG-DEBT-PER-SHARE>	0

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER>	103
<NAME>	KEYSTONE FUND FOR TOTAL RETURN CLASS C
<PERIOD-TYPE>	6-MOS
<FISCAL-YEAR-END>	NOV-30-1995
<PERIOD-START>	DEC-01-1994
<PERIOD-END>	MAY-31-1995
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<SHARES-COMMON-STOCK>	650,768
<SHARES-COMMON-PRIOR>	506,766
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<OVERDISTRIBUTION-NII>	(13,121)
<ACCUMULATED-NET-GAINS>	0
<OVERDISTRIBUTION-GAINS>	(175,954)
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<NET-ASSETS>	8,445,836
<DIVIDEND-INCOME>	96,260
<INTEREST-INCOME>	49,607
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<EXPENSES-NET>	(84,645)
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<REALIZED-GAINS-CURRENT>	118,534
<APPREC-INCREASE-CURRENT>	630,697
<NET-CHANGE-FROM-OPS>	810,453
<EQUALIZATION>	0
<DISTRIBUTIONS-OF-INCOME>	(71,560)
<DISTRIBUTIONS-OF-GAINS>	0
<DISTRIBUTIONS-OTHER>	0
<NUMBER-OF-SHARES-SOLD>	235,332
<NUMBER-OF-SHARES-REDEEMED>	(96,570)
<SHARES-REINVESTED>	5,240
<NET-CHANGE-IN-ASSETS>	2,478,152
<ACCUMULATED-NII-PRIOR>	0
<ACCUMULATED-GAINS-PRIOR>	0
<OVERDISTRIB-NII-PRIOR>	(2,783)
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<GROSS-ADVISORY-FEES>	(23,672)
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<AVERAGE-NET-ASSETS>	7,152,598
<PER-SHARE-NAV-BEGIN>	11.78
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<PER-SHARE-NAV-END>	12.98
<EXPENSE-RATIO>	2.36
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0

</TABLE>


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