<PAGE> PAGE 1
000 A000000 04/30/95
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003 000000 N
004 000000 N
005 000000 N
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007 C030100 N
007 C010200 2
007 C020200 PAINEWEBBER GLOBAL ENERGY FUND
007 C030200 N
007 C010300 3
007 C020300 PAINEWEBBER GLOBAL GROWTH & INCOME FUND
007 C030300 N
007 C010400 4
007 C020400 PAINEWEBBER GLOBAL INCOME FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
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010 A00AA01 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
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010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10019
<PAGE> PAGE 2
011 A00AA01 PAINEWEBBER INCORPORATED
011 B00AA01 8-16267
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10019
012 A00AA01 PFPC INC.
012 B00AA01 84-00000
012 C01AA01 WILLMINGTON
012 C02AA01 DE
012 C03AA01 19809
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013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
014 A00AA01 PAINEWEBBER INC.
014 B00AA01 8-16267
015 A00AA01 BROWN BROTHER HARRIMAN & CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02109
015 E04AA01 X
015 A00AA02 CITIBANK N.A. BUENOS AIRES
015 B00AA02 S
015 C01AA02 BUEOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
015 A00AA03 NATIONAL AUSTRALIA BANK LTD.
015 B00AA03 S
015 C01AA03 SIDNEY
015 D01AA03 AUSTRALIA
015 E04AA03 X
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015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
015 E04AA04 X
015 A00AA05 STANDARD CHARTERED BANK
015 B00AA05 S
015 C01AA05 DHAKA
015 D01AA05 BANGLADESH
015 E04AA05 X
015 A00AA06 MORGAN GUARANTY TRUST CO. OF NEW YORK
015 B00AA06 S
015 C01AA06 BRUSSELS
015 D01AA06 BELGIUM
015 E04AA06 X
015 A00AA07 BARCLAYS BANK PLC
015 B00AA07 S
015 C01AA07 BOTSWANA
015 D01AA07 AFRICA
<PAGE> PAGE 3
015 E04AA07 X
015 A00AA08 BANK OF BOSTON
015 B00AA08 S
015 C01AA08 SAO PAULO
015 D01AA08 BRAZIL
015 E04AA08 X
015 A00AA09 CANADIAN IMPERIAL BANK OF COMMERCE
015 B00AA09 S
015 C01AA09 MONTREAL
015 D01AA09 CANADA
015 E04AA09 X
015 A00AA10 CITIBANK, N.A.
015 B00AA10 S
015 C01AA10 SANTIAGO
015 D01AA10 CHILE
015 E04AA10 X
015 A00AA11 STANDARD CHARTERED BANK
015 B00AA11 S
015 C01AA11 SHANGHAI
015 D01AA11 CHINA
015 E04AA11 X
015 A00AA12 STANDARD CHARTERED BANK
015 B00AA12 S
015 C01AA12 SHENZHEN
015 D01AA12 CHINA
015 E04AA12 X
015 A00AA13 CITITRUST COLUMBIA S.A.
015 B00AA13 S
015 C01AA13 BOGATA
015 D01AA13 COLUMBIA
015 E04AA13 X
015 A00AA14 CESKOSLOVENSKA OBCHODNI
015 B00AA14 S
015 C01AA14 CZECH REPUBLIC
015 D01AA14 CZECHOSLOVAKIA
015 E04AA14 X
015 A00AA15 DEN DANSKE BANK
015 B00AA15 S
015 C01AA15 COPENHAGEN
015 D01AA15 DENMARK
015 E04AA15 X
015 A00AA16 UNION BANK OF FINLAND
015 B00AA16 S
015 C01AA16 HELSINKI
015 D01AA16 FINLAND
015 E04AA16 X
015 A00AA17 MORGAN GUARANTY TRUST COMPANY OF NEW YORK
015 B00AA17 S
015 C01AA17 PARIS
015 D01AA17 FRANCE
015 E04AA17 X
<PAGE> PAGE 4
015 A00AA18 MORGAN GUARANRT TRUST COMPANY OF NEW YORK
015 B00AA18 S
015 C01AA18 FRANKFURT
015 D01AA18 GERMANY
015 E04AA18 X
015 A00AA19 J.P. MORGAN
015 B00AA19 S
015 C01AA19 FRANKFURT
015 D01AA19 GERMANY
015 E04AA19 X
015 A00AA20 BARCLAYS BANK PLC
015 B00AA20 S
015 C01AA20 GHANA
015 D01AA20 AFRICA
015 E04AA20 X
015 A00AA21 CITIBANK, N.A.
015 B00AA21 S
015 C01AA21 ATHENS
015 D01AA21 GREECE
015 E04AA21 X
015 A00AA22 CHASE MANHATTAN BANK
015 B00AA22 S
015 C01AA22 HONG KONG
015 D01AA22 HONG KONG
015 E04AA22 X
015 A00AA23 CITIBANK
015 B00AA23 S
015 C01AA23 BUDAPEST
015 D01AA23 HUNGARY
015 E04AA23 X
015 A00AA24 CITIBANK N.A.
015 B00AA24 S
015 C01AA24 BOMBAY
015 D01AA24 INDIA
015 E04AA24 X
015 A00AA25 CITIBANK N.A.
015 B00AA25 S
015 C01AA25 JAKARTA
015 D01AA25 INDONESIA
015 E04AA25 X
015 A00AA26 ALLIED IRISH BANKS PLC
015 B00AA26 S
015 C01AA26 DUBLIN
015 D01AA26 IRELAND
015 E04AA26 X
015 A00AA27 BANK HAPOALIM, B.M.
015 B00AA27 S
015 C01AA27 TEL AVIV
015 D01AA27 ISRAEL
015 E04AA27 X
015 A00AA28 BANCA COMMERCIALE ITALIANA
<PAGE> PAGE 5
015 B00AA28 S
015 C01AA28 MILAN
015 D01AA28 ITALY
015 E04AA28 X
015 A00AA29 SUMITOMO TRUST & BANKING COMPANY LTD
015 B00AA29 S
015 C01AA29 TOKYO
015 D01AA29 JAPAN
015 E04AA29 X
015 A00AA30 BARCLAYS BANK PLC
015 B00AA30 S
015 C01AA30 KENYA
015 D01AA30 AFRICA
015 E04AA30 X
015 A00AA31 CITIBANK N.A.
015 B00AA31 S
015 C01AA31 SEOUL
015 D01AA31 KOREA
015 E04AA31 X
015 A00AA32 HONG KONG BANK MAYLAYSIA BERHAD
015 B00AA32 S
015 C01AA32 MALAYSIA
015 D01AA32 MALAYSIA
015 E04AA32 X
015 A00AA33 CITIBANK MEXICO, S.A.
015 B00AA33 S
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015 B00AA35 S
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015 E04AA35 X
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015 B00AA36 S
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015 D01AA36 AUSTRALIA
015 E04AA36 X
015 A00AA37 JP MORGAN BRUSSELS/DEN NORSKE CREDITBANK
015 B00AA37 S
015 C01AA37 OSLO
015 D01AA37 NORWAY
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<PAGE> PAGE 6
015 C01AA38 LIMA
015 D01AA38 PERU
015 E04AA38 X
015 A00AA39 STANDARD CHARTERED BANK
015 B00AA39 S
015 C01AA39 KARACHI
015 D01AA39 PAKISTAN
015 E04AA39 X
015 A00AA40 CITIBANK. S.A.
015 B00AA40 S
015 C01AA40 WARSAW
015 D01AA40 PLOAND
015 E04AA40 X
015 A00AA41 CITIBANK, N.A.
015 B00AA41 S
015 C01AA41 MANILA
015 D01AA41 PHILIPPINES
015 E04AA41 X
015 A00AA42 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B00AA42 S
015 C01AA42 LISBON
015 D01AA42 PORTUGAL
015 E04AA42 X
015 A00AA43 HONG KONG & SHANGHAI BANKING CORP
015 B00AA43 S
015 C01AA43 HONG KONG
015 D01AA43 HONG KONG
015 E04AA43 X
015 A00AA44 FIRST NATIONAL BANK OF SOUTH AFRICA
015 B00AA44 S
015 C01AA44 JOHANNESBERG
015 D01AA44 SOUTH AFRICA
015 E04AA44 X
015 A00AA45 BANCO SANTANDER
015 B00AA45 S
015 C01AA45 MADRID
015 D01AA45 SPAIN
015 E04AA45 X
015 A00AA46 HONG KONG & SHANGHAI BANKING CORP
015 B00AA46 S
015 C01AA46 SRI LANKA
015 D01AA46 SRI LANKA
015 E04AA46 X
015 A00AA47 BARCLAYS BANK PLC
015 B00AA47 S
015 C01AA47 SWAZILAND
015 D01AA47 SWAZILAND
015 E04AA47 X
015 A00AA48 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA48 S
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<PAGE> PAGE 7
015 D01AA48 SWEDEN
015 E04AA48 X
015 A00AA49 SWISS BANK CORPORATION
015 B00AA49 S
015 C01AA49 ZURICH
015 D01AA49 SWITZERLAND
015 E04AA49 X
015 A00AA50 STANDARD CHARTERED BANK
015 B00AA50 S
015 C01AA50 TAIPEI
015 D01AA50 TAIWAN
015 E04AA50 X
015 A00AA51 HONG KONG & SHANGHAI BANKING CORP
015 B00AA51 S
015 C01AA51 BANGKOK
015 D01AA51 THAILAND
015 E04AA51 X
015 A00AA52 CITIBANK, N.A.
015 B00AA52 S
015 C01AA52 ISTANBUL
015 D01AA52 TURKEY
015 E04AA52 X
015 A00AA53 MORGAN GUARANTY TRUST CO OF NEW YORK
015 B00AA53 S
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015 E04AA53 X
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015 B00AA54 S
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015 D01AA54 URUGUAY
015 E04AA54 X
015 A00AA55 CITIBANK, N.A.
015 B00AA55 S
015 C01AA55 CARACAS
015 D01AA55 VENEZUELA
015 E04AA55 X
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015 B00AA56 S
015 C01AA56 ZAMBIA
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015 E04AA56 X
015 A00AA57 BARCLAYS BANK PLC
015 B00AA57 S
015 C01AA57 ZIMBABWE
015 D01AA57 ZIMBABWE
015 E04AA57 X
015 A00AA58 BROWN BROTHERS HARRIMAN & CO.
015 B00AA58 C
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<PAGE> PAGE 8
015 C03AA58 02109
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<PAGE> PAGE 9
022 B000004 13-5680329
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<PAGE> PAGE 10
028 C040100 7757
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SIGNATURE JULIAN SLUYTERS
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<SERIES>
<NUMBER> 1
<NAME> PAINEWEBBER INVESTMENT SERIES - EUROPE GROWTH FUND
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> PAINEWEBBER INVESTMENT SERIES - EUROPE GROWTH FUND
<MULTIPLIER> 1,000
<S> <C>
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<APPREC-INCREASE-CURRENT> (678)
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<GROSS-EXPENSE> 409
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<PER-SHARE-NII> (0.10)
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<PER-SHARE-NAV-END> 9.01
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> PAINEWEBBER INVESTMENT SERIES - EUROPE GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1995
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<ACCUMULATED-NII-CURRENT> (23)
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 10,107
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<NET-INVESTMENT-INCOME> (51)
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<APPREC-INCREASE-CURRENT> (236)
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<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (3,005)
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<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> (48)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 144
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<PER-SHARE-NAV-BEGIN> 8.6
<PER-SHARE-NII> (0.13)
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<PER-SHARE-NAV-END> 9.07
<EXPENSE-RATIO> 2.56
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
</TABLE>
