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<PAGE> PAGE 2
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<PAGE> PAGE 3
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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 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 15
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<PAGE> PAGE 17
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070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 N
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 Y
<PAGE> PAGE 19
070 Q020200 N
070 R010200 Y
070 R020200 N
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072AA000200 0
072BB000200 205
072CC010200 653
072CC020200 0
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072DD020200 0
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
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<PAGE> PAGE 20
074 H000200 0
074 I000200 0
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074 O000200 0
074 P000200 0
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074 R020200 0
074 R030200 0
074 R040200 0
074 S000200 0
074 T000200 0
074 U010200 0
074 U020200 0
074 V010200 0.00
074 V020200 0.00
074 W000200 0.0000
074 X000200 0
074 Y000200 0
075 A000200 0
075 B000200 22187
076 000200 0.00
080 A000200 ICI MUTUAL INSURANCE CO.
080 C000200 40000
081 A000200 Y
081 B000200 75
082 A000200 N
082 B000200 0
083 A000200 N
083 B000200 0
084 A000200 N
084 B000200 0
085 A000200 Y
085 B000200 N
008 A000301 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000301 A
008 C000301 801-13219
008 D010301 NEW YORK
008 D020301 NY
008 D030301 10019
008 A000302 G E INVESTMENT MANAGEMENT
008 B000302 S
008 C000302 801-31947
008 D010302 STAMFORD
008 D020302 CT
008 D030302 06904
010 A000301 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
<PAGE> PAGE 21
010 B000301 801-13219
010 C010301 NEW YORK
010 C020301 NY
010 C030301 10019
028 A010300 236
028 A020300 0
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028 D010300 84
028 D020300 1559
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028 D040300 73434
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028 G020300 1559
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028 G040300 82788
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029 000300 Y
030 A000300 8
030 B000300 4.50
030 C000300 0.00
031 A000300 5
031 B000300 0
032 000300 0
033 000300 3
034 000300 Y
035 000300 140
036 A000300 Y
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038 000300 0
039 000300 Y
040 000300 Y
041 000300 Y
042 A000300 0
<PAGE> PAGE 22
042 B000300 0
042 C000300 0
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 100
043 000300 389
044 000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 500000
048 A020300 0.900
048 B010300 500000
048 B020300 0.875
048 C010300 500000
048 C020300 0.850
048 D010300 500000
048 D020300 0.825
048 E010300 2000000
048 E020300 0.800
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
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 N
054 A000300 Y
054 B000300 Y
054 C000300 Y
054 D000300 N
054 E000300 N
054 F000300 N
054 G000300 Y
054 H000300 Y
054 I000300 N
054 J000300 Y
054 K000300 N
<PAGE> PAGE 23
054 L000300 N
054 M000300 Y
054 N000300 N
054 O000300 Y
055 A000300 Y
055 B000300 N
056 000300 N
057 000300 N
058 A000300 N
058 B000300 N
058 C000300 N
058 D000300 N
058 E000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 1000
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
062 R000300 0.0
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 N
066 E000300 Y
066 F000300 N
066 G000300 N
067 000300 Y
068 A000300 N
068 B000300 Y
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
<PAGE> PAGE 24
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 N
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
070 N010300 Y
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 112083
071 B000300 128324
071 C000300 77660
071 D000300 144
072 A000300 10
072 B000300 2042
072 C000300 890
072 D000300 0
072 E000300 0
072 F000300 612
072 G000300 0
072 H000300 0
072 I000300 107
072 J000300 316
072 K000300 15
072 L000300 19
072 M000300 4
072 N000300 42
<PAGE> PAGE 25
072 O000300 1
072 P000300 0
072 Q000300 0
072 R000300 38
072 S000300 23
072 T000300 389
072 U000300 0
072 V000300 0
072 W000300 68
072 X000300 1634
072 Y000300 0
072 Z000300 1298
072AA000300 0
072BB000300 3104
072CC010300 0
072CC020300 4889
072DD010300 1063
072DD020300 583
072EE000300 0
073 A010300 0.0000
073 A020300 0.0000
073 B000300 0.3561
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 0
074 D000300 0
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 0
074 M000300 0
074 N000300 0
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 0
074 S000300 0
074 T000300 0
074 U010300 0
074 U020300 0
074 V010300 0.00
074 V020300 0.00
074 W000300 0.0000
<PAGE> PAGE 26
074 X000300 0
074 Y000300 0
075 A000300 0
075 B000300 83274
076 000300 0.00
080 A000300 ICI MUTUAL INSURANCE CO.
080 C000300 40000
081 A000300 Y
081 B000300 75
082 A000300 N
082 B000300 0
083 A000300 N
083 B000300 0
084 A000300 N
084 B000300 0
085 A000300 Y
085 B000300 N
010 A000401 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
010 B000401 801-13219
010 C010401 NEW YORK
010 C020401 NY
010 C030401 10019
028 A010400 1930
028 A020400 0
028 A030400 0
028 A040400 37104
028 B010400 232135
028 B020400 0
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028 B040400 38724
028 C010400 1808
028 C020400 13449
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028 C040400 106589
028 D010400 2643
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028 G010400 305493
028 G020400 27454
028 G030400 0
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028 H000400 3447
<PAGE> PAGE 27
029 000400 Y
030 A000400 43
030 B000400 0.00
030 C000400 0.00
031 A000400 26
031 B000400 0
032 000400 0
033 000400 17
034 000400 Y
035 000400 2396
036 A000400 Y
036 B000400 0
038 000400 0
042 A000400 0
042 B000400 0
042 C000400 0
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 100
043 000400 7860
044 000400 0
055 A000400 Y
055 B000400 N
058 A000400 N
058 B000400 N
058 C000400 N
058 D000400 N
058 E000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 1000
062 A000400 Y
062 B000400 7.5
062 C000400 0.0
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062 E000400 0.0
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<PAGE> PAGE 28
062 R000400 0.0
063 A000400 0
063 B000400 5.0
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
070 B010400 N
070 B020400 N
070 C010400 Y
070 C020400 Y
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 N
070 N020400 N
070 O010400 N
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 1054239
071 B000400 1520967
071 C000400 930376
071 D000400 113
072 A000400 12
<PAGE> PAGE 29
072 B000400 110162
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072 F000400 9229
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072 I000400 1120
072 J000400 1025
072 K000400 142
072 L000400 142
072 M000400 24
072 N000400 144
072 O000400 0
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072 R000400 105
072 S000400 92
072 T000400 7860
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072CC010400 54556
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072EE000400 0
073 A010400 0.0000
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074 A000400 192
074 B000400 115549
074 C000400 170923
074 D000400 922751
074 E000400 0
074 F000400 0
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074 H000400 0
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074 J000400 101069
074 K000400 0
074 L000400 27854
074 M000400 5112
074 N000400 1343450
074 O000400 88296
<PAGE> PAGE 30
074 P000400 1358
074 Q000400 0
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074 R040400 18298
074 S000400 0
074 T000400 1235498
074 U010400 64073
074 U020400 55490
074 V010400 0.00
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074 W000400 0.0000
074 X000400 87588
074 Y000400 0
075 A000400 0
075 B000400 1264903
076 000400 0.00
080 A000400 ICI MUTUAL INSURANCE CO.
080 C000400 40000
081 A000400 Y
081 B000400 75
082 A000400 N
082 B000400 0
083 A000400 N
083 B000400 0
084 A000400 N
084 B000400 0
085 A000400 Y
085 B000400 N
SIGNATURE JULIAN SLUYTERS
TITLE TREASURER
[ARTICLE] 6
[CIK] 0000808424
[NAME] PAINEWEBBER INVESTMENT SERIES - EUROPE GROWTH FUND
[SERIES]
[NUMBER] 1
[NAME] EUROPE GROWTH FUND - CLASS A
[MULTIPLIER] 1,000
<TABLE>
<S> <C>
[PERIOD-TYPE] 10-MOS
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-START] NOV-01-1994
[PERIOD-END] AUG-25-1995
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 0
[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] 946
[INTEREST-INCOME] 78
[OTHER-INCOME] 295
[EXPENSES-NET] 954
[NET-INVESTMENT-INCOME] 365
[REALIZED-GAINS-CURRENT] 6,799
[APPREC-INCREASE-CURRENT] (2,915)
[NET-CHANGE-FROM-OPS] 4,249
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 374
[DISTRIBUTIONS-OF-GAINS] 4,727
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 189
[NUMBER-OF-SHARES-REDEEMED] 9,477
[SHARES-REINVESTED] 553
[NET-CHANGE-IN-ASSETS] (60,892)
[ACCUMULATED-NII-PRIOR] 10
[ACCUMULATED-GAINS-PRIOR] (1,748)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 453
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 954
[AVERAGE-NET-ASSETS] 63,797
[PER-SHARE-NAV-BEGIN] 8.99
[PER-SHARE-NII] 0.07
[PER-SHARE-GAIN-APPREC] 0.58
[PER-SHARE-DIVIDEND] (0.07)
[PER-SHARE-DISTRIBUTIONS] (0.86)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 8.71
[EXPENSE-RATIO] 1.83
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000808424
[NAME] PAINEWEBBER INVESTMENT SERIES
[SERIES]
[NUMBER] 3
[NAME] EUROPE GROWTH FUND - CLASS D
[MULTIPLIER] 1,000
<TABLE>
<S> <C>
[PERIOD-TYPE] 10-MOS
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-START] NOV-01-1994
[PERIOD-END] AUG-25-1995
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 0
[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] 158
[INTEREST-INCOME] 13
[OTHER-INCOME] 49
[EXPENSES-NET] 228
[NET-INVESTMENT-INCOME] (8)
[REALIZED-GAINS-CURRENT] 1,098
[APPREC-INCREASE-CURRENT] (494)
[NET-CHANGE-FROM-OPS] 596
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 819
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,922
[NUMBER-OF-SHARES-REDEEMED] 3,510
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (10,322)
[ACCUMULATED-NII-PRIOR] 1
[ACCUMULATED-GAINS-PRIOR] (296)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 77
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 228
[AVERAGE-NET-ASSETS] 10,814
[PER-SHARE-NAV-BEGIN] 8.86
[PER-SHARE-NII] 0
[PER-SHARE-GAIN-APPREC] 0.58
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.86)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 8.58
[EXPENSE-RATIO] 2.58
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000808424
[NAME] PAINEWEBBER INVESTMENT SERIES
[SERIES]
[NUMBER] 2
[NAME] EUROPE GROWTH FUND - CLASS B
[MULTIPLIER] 1,000
<TABLE>
<S> <C>
[PERIOD-TYPE] 10-MOS
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-START] NOV-01-1994
[PERIOD-END] AUG-25-1995
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 0
[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] 450
[INTEREST-INCOME] 37
[OTHER-INCOME] 141
[EXPENSES-NET] 639
[NET-INVESTMENT-INCOME] (11)
[REALIZED-GAINS-CURRENT] 3,271
[APPREC-INCREASE-CURRENT] (1,393)
[NET-CHANGE-FROM-OPS] 1,867
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 5
[DISTRIBUTIONS-OF-GAINS] 2,315
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 251
[NUMBER-OF-SHARES-REDEEMED] 4,731
[SHARES-REINVESTED] 243
[NET-CHANGE-IN-ASSETS] (29,102)
[ACCUMULATED-NII-PRIOR] 5
[ACCUMULATED-GAINS-PRIOR] (835)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 216
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 639
[AVERAGE-NET-ASSETS] 30,485
[PER-SHARE-NAV-BEGIN] 8.81
[PER-SHARE-NII] 0
[PER-SHARE-GAIN-APPREC] 0.58
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.86)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 8.53
[EXPENSE-RATIO] 2.57
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000808424
[NAME] PAINEWEBBER INVESTMENT SERIES
[SERIES]
[NUMBER] 7
[NAME] GLOBAL GROWTH & INCOME - CLASS A
[MULTIPLIER] 1,000
<TABLE>
<S> <C>
[PERIOD-TYPE] 10-MOS
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-START] NOV-01-1994
[PERIOD-END] AUG-25-1995
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 0
[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] 510
[INTEREST-INCOME] 1,171
[OTHER-INCOME] 0
[EXPENSES-NET] 804
[NET-INVESTMENT-INCOME] 877
[REALIZED-GAINS-CURRENT] (1,788)
[APPREC-INCREASE-CURRENT] (2,792)
[NET-CHANGE-FROM-OPS] (4,580)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,063
[DISTRIBUTIONS-OF-GAINS] 1,872
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 100
[NUMBER-OF-SHARES-REDEEMED] 5,926
[SHARES-REINVESTED] 266
[NET-CHANGE-IN-ASSETS] (5,560)
[ACCUMULATED-NII-PRIOR] 61
[ACCUMULATED-GAINS-PRIOR] 1,762
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 351
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 804
[AVERAGE-NET-ASSETS] 47,755
[PER-SHARE-NAV-BEGIN] 11.20
[PER-SHARE-NII] 0.22
[PER-SHARE-GAIN-APPREC] (0.82)
[PER-SHARE-DIVIDEND] (0.27)
[PER-SHARE-DISTRIBUTIONS] (0.36)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 9.97
[EXPENSE-RATIO] 1.68
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000808424
[NAME] PAINEWEBBER INVESTMENT SERIES
[SERIES]
[NUMBER] 8
[NAME] GLOBAL GROWTH & INCOME - CLASS B
[MULTIPLIER] 1,000
<TABLE>
<S> <C>
[PERIOD-TYPE] 10-MOS
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-START] NOV-01-1994
[PERIOD-END] AUG-25-1995
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 0
[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] 290
[INTEREST-INCOME] 662
[OTHER-INCOME] 0
[EXPENSES-NET] 630
[NET-INVESTMENT-INCOME] 322
[REALIZED-GAINS-CURRENT] (1,032)
[APPREC-INCREASE-CURRENT] (1,619)
[NET-CHANGE-FROM-OPS] (2,651)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 456
[DISTRIBUTIONS-OF-GAINS] 1,059
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 167
[NUMBER-OF-SHARES-REDEEMED] 3,393
[SHARES-REINVESTED] 141
[NET-CHANGE-IN-ASSETS] (3,085)
[ACCUMULATED-NII-PRIOR] 34
[ACCUMULATED-GAINS-PRIOR] 996
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 198
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 630
[AVERAGE-NET-ASSETS] 26,997
[PER-SHARE-NAV-BEGIN] 11.03
[PER-SHARE-NII] 0.14
[PER-SHARE-GAIN-APPREC] (0.79)
[PER-SHARE-DIVIDEND] (0.20)
[PER-SHARE-DISTRIBUTIONS] (0.36)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 9.82
[EXPENSE-RATIO] 2.33
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000808424
[NAME] PAINEWEBBER INVESTMENT SERIES
[SERIES]
[NUMBER] 9
[NAME] GLOBAL GROWTH & INCOME - CLASS D
[MULTIPLIER] 1,000
<TABLE>
<S> <C>
[PERIOD-TYPE] 07-MOS
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-START] NOV-01-1994
[PERIOD-END] AUG-25-1995
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 0
[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] 90
[INTEREST-INCOME] 209
[OTHER-INCOME] 0
[EXPENSES-NET] 200
[NET-INVESTMENT-INCOME] 99
[REALIZED-GAINS-CURRENT] (284)
[APPREC-INCREASE-CURRENT] (478)
[NET-CHANGE-FROM-OPS] (762)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 127
[DISTRIBUTIONS-OF-GAINS] 354
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 40
[NUMBER-OF-SHARES-REDEEMED] 1,127
[SHARES-REINVESTED] 47
[NET-CHANGE-IN-ASSETS] (1,040)
[ACCUMULATED-NII-PRIOR] 11
[ACCUMULATED-GAINS-PRIOR] 315
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 63
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 200
[AVERAGE-NET-ASSETS] 8,522
[PER-SHARE-NAV-BEGIN] 11.05
[PER-SHARE-NII] 0.14
[PER-SHARE-GAIN-APPREC] (0.45)
[PER-SHARE-DIVIDEND] (0.54)
[PER-SHARE-DISTRIBUTIONS] (0.36)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 9.84
[EXPENSE-RATIO] 2.35
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000808424
[NAME] PAINEWEBBER INVESTMENT SERIES
[SERIES]
[NUMBER] 4
[NAME] GLOBAL ENERGY FUND - CLASS A
[MULTIPLIER] 1,000
<TABLE>
<S> <C>
[PERIOD-TYPE] 11-MOS
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-START] NOV-01-1994
[PERIOD-END] OCT-14-1995
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 0
[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] 171
[INTEREST-INCOME] 53
[OTHER-INCOME] 0
[EXPENSES-NET] 182
[NET-INVESTMENT-INCOME] 42
[REALIZED-GAINS-CURRENT] (69)
[APPREC-INCREASE-CURRENT] 759
[NET-CHANGE-FROM-OPS] 732
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 34
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 5
[NUMBER-OF-SHARES-REDEEMED] 907
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (10761)
[ACCUMULATED-NII-PRIOR] 7
[ACCUMULATED-GAINS-PRIOR] (700)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 74
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 182
[AVERAGE-NET-ASSETS] 9,136
[PER-SHARE-NAV-BEGIN] 11.39
[PER-SHARE-NII] .06
[PER-SHARE-GAIN-APPREC] (.42)
[PER-SHARE-DIVIDEND] .05
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.98
[EXPENSE-RATIO] 2.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000808424
[NAME] PAINEWEBBER INVESTMENT SERIES
[SERIES]
[NUMBER] 5
[NAME] GLOBAL ENERGY FUND - CLASS B
[MULTIPLIER] 1,000
<TABLE>
<S> <C>
[PERIOD-TYPE] 11-MOS
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-START] NOV-01-1994
[PERIOD-END] OCT-14-1995
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 0
[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] 229
[INTEREST-INCOME] 73
[OTHER-INCOME] 0
[EXPENSES-NET] 335
[NET-INVESTMENT-INCOME] (33)
[REALIZED-GAINS-CURRENT] (127)
[APPREC-INCREASE-CURRENT] (1,790)
[NET-CHANGE-FROM-OPS] (1,950)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 20
[NUMBER-OF-SHARES-REDEEMED] 1,126
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (18,502)
[ACCUMULATED-NII-PRIOR] 10
[ACCUMULATED-GAINS-PRIOR] (1,081)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 101
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 335
[AVERAGE-NET-ASSETS] 12,320
[PER-SHARE-NAV-BEGIN] 11.38
[PER-SHARE-NII] (.04)
[PER-SHARE-GAIN-APPREC] (.36)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.98
[EXPENSE-RATIO] 2.72
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000808424
[NAME] PAINEWEBBER INVESTMENT SERIES
[SERIES]
[NUMBER] 6
[NAME] GLOBAL ENERGY FUND - CLASS D
[MULTIPLIER] 1,000
<TABLE>
<S> <C>
[PERIOD-TYPE] 11-MOS
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-START] NOV-01-1994
[PERIOD-END] OCT-14-1995
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 0
[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] 14
[INTEREST-INCOME] 4
[OTHER-INCOME] 0
[EXPENSES-NET] 20
[NET-INVESTMENT-INCOME] (3)
[REALIZED-GAINS-CURRENT] (10)
[APPREC-INCREASE-CURRENT] (38)
[NET-CHANGE-FROM-OPS] (50)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 245
[NUMBER-OF-SHARES-REDEEMED] 305
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (1,446)
[ACCUMULATED-NII-PRIOR] 1
[ACCUMULATED-GAINS-PRIOR] (92)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 6
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 20
[AVERAGE-NET-ASSETS] 730
[PER-SHARE-NAV-BEGIN] 11.28
[PER-SHARE-NII] (.06)
[PER-SHARE-GAIN-APPREC] (.38)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.84
[EXPENSE-RATIO] 2.80
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000808424
[NAME] PAINEWEBBER INVESTMENT SERIES - GLOBAL INCOME FUND
[SERIES]
[NUMBER] 4
[NAME] GLOBAL INCOME FUND - CLASS A
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-START] NOV-01-1994
[PERIOD-END] OCT-31-1995
[INVESTMENTS-AT-COST] 636,977
[INVESTMENTS-AT-VALUE] 648,922
[RECEIVABLES] 69,185
[ASSETS-OTHER] 2,846
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 720,953
[PAYABLE-FOR-SECURITIES] 47,383
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 10,548
[TOTAL-LIABILITIES] 57,931
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 678,757
[SHARES-COMMON-STOCK] 64,073
[SHARES-COMMON-PRIOR] 61,274
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 1,461
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 22,967
[ACCUM-APPREC-OR-DEPREC] 8,693
[NET-ASSETS] 663,022
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 52,206
[OTHER-INCOME] 0
[EXPENSES-NET] (7,415)
[NET-INVESTMENT-INCOME] 44,791
[REALIZED-GAINS-CURRENT] (9,135)
[APPREC-INCREASE-CURRENT] 29,277
[NET-CHANGE-FROM-OPS] 64,933
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (40,377)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 281,329
[NUMBER-OF-SHARES-REDEEMED] (334,286)
[SHARES-REINVESTED] 25,654
[NET-CHANGE-IN-ASSETS] (2,747)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 5,373
[OVERDIST-NET-GAINS-PRIOR] 8,090
[GROSS-ADVISORY-FEES] (4,376)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (7,415)
[AVERAGE-NET-ASSETS] 599,751
[PER-SHARE-NAV-BEGIN] 9.99
[PER-SHARE-NII] 0.77
[PER-SHARE-GAIN-APPREC] 0.31
[PER-SHARE-DIVIDEND] 0.72
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.35
[EXPENSE-RATIO] 1.24
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000808424
[NAME] PAINEWEBBER INVESTMENT SERIES - GLOBAL INCOME FUND
[SERIES]
[NUMBER] 4
[NAME] GLOBAL INCOME FUND - CLASS B
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-START] NOV-01-1994
[PERIOD-END] OCT-31-1995
[INVESTMENTS-AT-COST] 465,501
[INVESTMENTS-AT-VALUE] 474,230
[RECEIVABLES] 50,561
[ASSETS-OTHER] 2,080
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 526,871
[PAYABLE-FOR-SECURITIES] 34,628
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 7,709
[TOTAL-LIABILITIES] 42,337
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 496,034
[SHARES-COMMON-STOCK] 46,982
[SHARES-COMMON-PRIOR] 72,828
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 1,068
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 16,785
[ACCUM-APPREC-OR-DEPREC] 6,353
[NET-ASSETS] 484,534
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 50,735
[OTHER-INCOME] 0
[EXPENSES-NET] (11,650)
[NET-INVESTMENT-INCOME] 39,085
[REALIZED-GAINS-CURRENT] (6,675)
[APPREC-INCREASE-CURRENT] 21,395
[NET-CHANGE-FROM-OPS] 53,805
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (35,685)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 11,102
[NUMBER-OF-SHARES-REDEEMED] (239,411)
[SHARES-REINVESTED] 22,872
[NET-CHANGE-IN-ASSETS] (187,317)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 3,927
[OVERDIST-NET-GAINS-PRIOR] 5,912
[GROSS-ADVISORY-FEES] (4,249)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (11,650)
[AVERAGE-NET-ASSETS] 582,239
[PER-SHARE-NAV-BEGIN] 9.96
[PER-SHARE-NII] 0.69
[PER-SHARE-GAIN-APPREC] 0.30
[PER-SHARE-DIVIDEND] (0.64)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.31
[EXPENSE-RATIO] 2.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000808424
[NAME] PAINEWEBBER INVESTMENT SERIES - GLOBAL INCOME FUND
[SERIES]
[NUMBER] 4
[NAME] GLOBAL INCOME FUND - CLASS C
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-START] NOV-01-1994
[PERIOD-END] OCT-31-1995
[INVESTMENTS-AT-COST] 15,960
[INVESTMENTS-AT-VALUE] 16,259
[RECEIVABLES] 1,734
[ASSETS-OTHER] 71
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 18,064
[PAYABLE-FOR-SECURITIES] 1,187
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 264
[TOTAL-LIABILITIES] 1,451
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 17,007
[SHARES-COMMON-STOCK] 1,604
[SHARES-COMMON-PRIOR] 1,299
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 37
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 575
[ACCUM-APPREC-OR-DEPREC] 218
[NET-ASSETS] 16,613
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 974
[OTHER-INCOME] 0
[EXPENSES-NET] (105)
[NET-INVESTMENT-INCOME] 869
[REALIZED-GAINS-CURRENT] (229)
[APPREC-INCREASE-CURRENT] 733
[NET-CHANGE-FROM-OPS] 1,373
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (783)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 10,373
[NUMBER-OF-SHARES-REDEEMED] (7,995)
[SHARES-REINVESTED] 783
[NET-CHANGE-IN-ASSETS] 3,751
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (135)
[OVERDIST-NET-GAINS-PRIOR] (203)
[GROSS-ADVISORY-FEES] (82)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (106)
[AVERAGE-NET-ASSETS] 11,179
[PER-SHARE-NAV-BEGIN] 9.99
[PER-SHARE-NII] 0.78
[PER-SHARE-GAIN-APPREC] 0.32
[PER-SHARE-DIVIDEND] (0.74)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.35
[EXPENSE-RATIO] 0.95
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000808424
[NAME] PAINEWEBBER INVESTMENT SERIES - GLOBAL INCOME FUND
[SERIES]
[NUMBER] 4
[NAME] GLOBAL INCOME FUND - CLASS D
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-START] NOV-01-1994
[PERIOD-END] OCT-31-1995
[INVESTMENTS-AT-COST] 68,527
[INVESTMENTS-AT-VALUE] 69,812
[RECEIVABLES] 7,443
[ASSETS-OTHER] 306
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 77,561
[PAYABLE-FOR-SECURITIES] 5,097
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,135
[TOTAL-LIABILITIES] 6,232
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 73,022
[SHARES-COMMON-STOCK] 6,904
[SHARES-COMMON-PRIOR] 9,268
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 157
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 2,471
[ACCUM-APPREC-OR-DEPREC] 935
[NET-ASSETS] 71,329
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 6,248
[OTHER-INCOME] 0
[EXPENSES-NET] (1,253)
[NET-INVESTMENT-INCOME] 4,995
[REALIZED-GAINS-CURRENT] (983)
[APPREC-INCREASE-CURRENT] 3,150
[NET-CHANGE-FROM-OPS] 7,162
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (4,527)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 16,588
[NUMBER-OF-SHARES-REDEEMED] (43,640)
[SHARES-REINVESTED] 3,363
[NET-CHANGE-IN-ASSETS] 21,053
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 578
[OVERDIST-NET-GAINS-PRIOR] 870
[GROSS-ADVISORY-FEES] (523)
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] (1,253)
[AVERAGE-NET-ASSETS] 71,734
[PER-SHARE-NAV-BEGIN] 9.98
[PER-SHARE-NII] 0.71
[PER-SHARE-GAIN-APPREC] 0.31
[PER-SHARE-DIVIDEND] (0.67)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.33
[EXPENSE-RATIO] 1.75
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[TYPE] CORRESP
[DOCUMENT-COUNT] 1
[FILER]
[CIK] 0000000000
[CCC] XXXXXXXX
