<PAGE> PAGE 1
000 B000000 10/31/95
000 C000000 0000810271
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 COMMON SENSE TRUST
001 B000000 811-05018
001 C000000 7139930500
002 A000000 2800 POST OAK BLVD.
002 B000000 HOUSTON
002 C000000 TX
002 D010000 77056
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 11
007 C010100 1
007 C020100 GROWTH FUND
007 C030100 N
007 C010200 2
007 C020200 GROWTH & INCOME FUND
007 C030200 N
007 C010300 3
007 C020300 GOVERNMENT FUND
007 C030300 N
007 C010400 4
007 C020400 MONEY MARKET FUND
007 C030400 N
007 C010500 5
007 C020500 MUNICIPAL BOND FUND
007 C030500 N
007 C010600 6
007 C020600 GROWTH II FUND
007 C030600 N
007 C010700 7
007 C020700 GROWTH & INCOME II FUND
007 C030700 N
007 C010800 8
007 C020800 GOVERNMENT II FUND
007 C030800 N
007 C010900 9
007 C020900 GROWTH OPPORTUNITY II FUND
007 C030900 Y
007 C011000 10
007 C021000 INTERNATIONAL EQUITY II FUND
<PAGE> PAGE 2
007 C031000 N
007 C011100 11
007 C021100 EMERGING GROWTH II FUND
007 C031100 N
011 A00AA01 PFS DISTRIBUTORS
011 B00AA01 8-37352
011 C01AA01 DULUTH
011 C02AA01 GA
011 C03AA01 30199
011 C04AA01 0001
012 A00AA01 PFS SHAREHOLDER SERVICES
012 B00AA01 84-1499
012 C01AA01 DULUTH
012 C02AA01 GA
012 C03AA01 30199
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 HOUSTON
013 B02AA01 TX
013 B03AA01 77010
014 A00AA01 SMITH BARNEY, INC.
014 B00AA01 8-8177
015 A00AA01 STATE STREET BANK & TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 11
019 C00AA00 CSTHOUSTON
020 A000001 FIRST BOSTON CORP.
020 B000001 13-5659485
020 C000001 1671
020 A000002 SALOMON BROTHERS, INC.
020 B000002 13-3082694
020 C000002 1536
020 A000003 MORGAN STANLEY & CO., INC.
020 B000003 13-2655998
020 C000003 1520
020 A000004 GOLDMAN SACHS & CO.
020 B000004 13-5108880
020 C000004 1313
020 A000005 MERRILL LYNCH, INC.
020 B000005 13-5674085
020 C000005 1254
020 A000006 LEHMAN BROTHERS, INC.
020 B000006 13-2518466
020 C000006 1183
020 A000007 PAINEWEBBER, INC.
020 B000007 13-2638166
<PAGE> PAGE 3
020 C000007 712
020 A000008 MONTGOMERY SECURITIES
020 B000008 94-1701676
020 C000008 695
020 A000009 DONALDSON LUFKIN & JENERETTE SEC. CORP.
020 B000009 13-2741729
020 C000009 424
020 A000010 SMITH BARNEY, INC.
020 B000010 13-1912900
020 C000010 401
021 000000 14139
022 A000001 SBC CAPIAL MARKET, INC.
022 B000001 ----
022 C000001 9276702
022 D000001 0
022 A000002 LEHMAN BROTHERS, INC.
022 B000002 13-2518466
022 C000002 8569907
022 D000002 275762
022 A000003 SALOMON BROTHERS, INC.
022 B000003 13-3082694
022 C000003 6963595
022 D000003 210988
022 A000004 STATE STREET BANK & TRUST CO.
022 B000004 04-1867445
022 C000004 5755343
022 D000004 0
022 A000005 MORGAN STANLEY & CO., INC.
022 B000005 13-2655998
022 C000005 447099
022 D000005 465805
022 A000006 NOMURA SECURITIES INTERNATIONAL, INC.
022 B000006 13-2642206
022 C000006 293031
022 D000006 353268
022 A000007 PRUDENTIAL SECURITIES
022 B000007 22-2347336
022 C000007 361725
022 D000007 184136
022 A000008 MERRILL LYNCH, INC.
022 B000008 13-5674085
022 C000008 327765
022 D000008 173721
022 A000009 NATIONSBANK
022 B000009 75-0520130
022 C000009 266836
022 D000009 163304
022 A000010 DONALDSON LUFKIN & JENERETTE SEC. CORP.
022 B000010 13-2741729
022 C000010 141050
022 D000010 237793
<PAGE> PAGE 4
023 C000000 34489392
023 D000000 3095512
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 Y
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 Y
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE CO.
080 B00AA00 N/A
080 C00AA00 10000
081 A00AA00 Y
<PAGE> PAGE 5
081 B00AA00 9
082 A00AA00 Y
082 B00AA00 100
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
008 A000101 VAN KAMPEN AMERICAN CAPITAL ASSET MGT., INC.
008 B000101 A
008 C000101 801-8286
008 D010101 HOUSTON
008 D020101 TX
008 D030101 77056
008 A000102 DELETE
024 000100 Y
025 A000101 LEHMAN GOVERNMENT SECURITIES, INC.
025 B000101 13-2518466
025 C000101 D
025 D000101 46740
025 A000102 SBC CAPITAL MARKETS, INC.
025 B000102 ----
025 C000102 D
025 D000102 15415
025 A000103 STATE STREET BANK & TRUST CO.
025 B000103 04-1867445
025 C000103 D
025 D000103 85455
025 A000104 DONALDSON, LUFKIN & JENRETTE, INC.
025 B000104 13-2741729
025 C000104 E
025 D000104 1380
025 A000105 MERRILL LYNCH & CO., INC.
025 B000105 13-5674085
025 C000105 E
025 D000105 16650
025 A000106 MORGAN STANLEY GROUP, INC.
025 B000106 13-2655998
<PAGE> PAGE 6
025 C000106 E
025 D000106 10875
025 D000107 0
025 D000108 0
028 A010100 22859
028 A020100 4
028 A030100 0
028 A040100 32126
028 B010100 21459
028 B020100 0
028 B030100 0
028 B040100 31886
028 C010100 21665
028 C020100 0
028 C030100 0
028 C040100 29865
028 D010100 23036
028 D020100 0
028 D030100 0
028 D040100 33737
028 E010100 23805
028 E020100 0
028 E030100 0
028 E040100 29380
028 F010100 25282
028 F020100 0
028 F030100 0
028 F040100 29134
028 G010100 138106
028 G020100 4
028 G030100 0
028 G040100 186128
028 H000100 134609
029 000100 Y
030 A000100 21001
030 B000100 8.50
030 C000100 0.25
031 A000100 3711
031 B000100 0
032 000100 0
033 000100 17290
034 000100 N
035 000100 0
036 B000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 N
041 000100 N
045 000100 Y
046 000100 N
<PAGE> PAGE 7
047 000100 Y
048 000100 0.000
048 A010100 1000000
048 A020100 0.650
048 B010100 1000000
048 B020100 0.600
048 C010100 1000000
048 C020100 0.550
048 D010100 1000000
048 D020100 0.500
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 4000000
048 K020100 0.450
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
055 A000100 N
055 B000100 N
056 000100 N
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 250
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
<PAGE> PAGE 8
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 Y
070 F020100 Y
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 N
<PAGE> PAGE 9
070 R020100 N
071 A000100 5043956
071 B000100 5091892
071 C000100 2195658
071 D000100 230
072 A000100 12
072 B000100 12457
072 C000100 35447
072 D000100 0
072 E000100 0
072 F000100 14437
072 G000100 0
072 H000100 0
072 I000100 7777
072 J000100 99
072 K000100 0
072 L000100 550
072 M000100 164
072 N000100 95
072 O000100 0
072 P000100 0
072 Q000100 278
072 R000100 28
072 S000100 15
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 74
072 X000100 23517
072 Y000100 0
072 Z000100 24387
072AA000100 518578
072BB000100 160387
072CC010100 130227
072CC020100 0
072DD010100 22053
072DD020100 0
072EE000100 147259
073 A010100 0.1550
073 A020100 0.0000
073 B000100 1.0350
073 C000100 0.0000
074 A000100 7
074 B000100 147610
074 C000100 68065
074 D000100 0
074 E000100 13091
074 F000100 2382149
074 G000100 0
074 H000100 0
074 I000100 0
<PAGE> PAGE 10
074 J000100 108590
074 K000100 0
074 L000100 3043
074 M000100 125
074 N000100 2722680
074 O000100 107093
074 P000100 1345
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 2737
074 S000100 0
074 T000100 2611505
074 U010100 149533
074 U020100 0
074 V010100 17.46
074 V020100 0.00
074 W000100 0.0000
074 X000100 566364
074 Y000100 99568
075 A000100 0
075 B000100 2352136
076 000100 0.00
008 A000201 VAN KAMPEN AMERICAN CAPITAL ASSET MGT., INC.
008 B000201 A
008 C000201 801-8286
008 D010201 HOUSTON
008 D020201 TX
008 D030201 77056
024 000200 Y
025 A000201 SBC CAPITAL MARKETS, INC.
025 B000201 ----------
025 C000201 D
025 D000201 44120
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 8293
028 A020200 0
028 A030200 0
028 A040200 12654
028 B010200 7263
028 B020200 3249
028 B030200 0
028 B040200 11098
028 C010200 7564
<PAGE> PAGE 11
028 C020200 0
028 C030200 0
028 C040200 11744
028 D010200 8293
028 D020200 0
028 D030200 0
028 D040200 11880
028 E010200 7644
028 E020200 3223
028 E030200 0
028 E040200 9979
028 F010200 9872
028 F020200 0
028 F030200 0
028 F040200 10976
028 G010200 48929
028 G020200 6472
028 G030200 0
028 G040200 68331
028 H000200 44897
029 000200 Y
030 A000200 5352
030 B000200 8.50
030 C000200 0.25
031 A000200 929
031 B000200 0
032 000200 0
033 000200 4423
034 000200 N
035 000200 0
036 B000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 N
041 000200 N
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 1000000
048 A020200 0.650
048 B010200 1000000
048 B020200 0.600
048 C010200 1000000
048 C020200 0.550
048 D010200 1000000
048 D020200 0.500
048 E010200 0
048 E020200 0.000
048 F010200 0
<PAGE> PAGE 12
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 4000000
048 K020200 0.450
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 N
055 A000200 N
055 B000200 N
056 000200 N
057 000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 250
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 N
066 E000200 Y
066 F000200 N
066 G000200 N
067 000200 N
<PAGE> PAGE 13
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 839568
071 B000200 860305
071 C000200 716589
071 D000200 117
072 A000200 12
072 B000200 5576
072 C000200 18965
072 D000200 0
072 E000200 0
072 F000200 4937
072 G000200 0
072 H000200 0
<PAGE> PAGE 14
072 I000200 1865
072 J000200 42
072 K000200 0
072 L000200 124
072 M000200 66
072 N000200 59
072 O000200 0
072 P000200 0
072 Q000200 124
072 R000200 21
072 S000200 6
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 24
072 X000200 7268
072 Y000200 0
072 Z000200 17273
072AA000200 118153
072BB000200 33301
072CC010200 53005
072CC020200 0
072DD010200 14344
072DD020200 0
072EE000200 71729
073 A010200 0.3000
073 A020200 0.0000
073 B000200 1.5950
073 C000200 0.0000
074 A000200 3
074 B000200 44120
074 C000200 9894
074 D000200 58694
074 E000200 33894
074 F000200 675031
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 18621
074 K000200 0
074 L000200 1782
074 M000200 42
074 N000200 842081
074 O000200 12443
074 P000200 458
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 861
074 S000200 0
<PAGE> PAGE 15
074 T000200 828319
074 U010200 48862
074 U020200 0
074 V010200 16.95
074 V020200 0.00
074 W000200 0.0000
074 X000200 125867
074 Y000200 32194
075 A000200 0
075 B000200 759557
076 000200 0.00
008 A000301 VAN KAMPEN AMERICAN CAPITAL ASSET MGT., INC.
008 B000301 A
008 C000301 801-8286
008 D010301 HOUSTON
008 D020301 TX
008 D030301 77056
024 000300 Y
025 A000301 SBC CAPITAL MARKETS, INC.
025 B000301 ----
025 C000301 D
025 D000301 2840
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 3032
028 A020300 1742
028 A030300 0
028 A040300 7161
028 B010300 2460
028 B020300 1569
028 B030300 0
028 B040300 6351
028 C010300 2797
028 C020300 1564
028 C030300 0
028 C040300 5172
028 D010300 3739
028 D020300 1564
028 D030300 0
028 D040300 7454
028 E010300 4112
028 E020300 1532
028 E030300 0
028 E040300 7240
028 F010300 3301
028 F020300 1662
<PAGE> PAGE 16
028 F030300 0
028 F040300 6809
028 G010300 19441
028 G020300 9633
028 G030300 0
028 G040300 40187
028 H000300 17249
029 000300 Y
030 A000300 1871
030 B000300 6.75
030 C000300 0.25
031 A000300 378
031 B000300 0
032 000300 0
033 000300 1493
034 000300 N
035 000300 0
036 B000300 0
037 000300 N
038 000300 0
039 000300 N
040 000300 N
041 000300 N
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 1000000
048 A020300 0.600
048 B010300 1000000
048 B020300 0.550
048 C010300 1000000
048 C020300 0.500
048 D010300 1000000
048 D020300 0.450
048 E010300 1000000
048 E020300 0.400
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 5000000
048 K020300 0.350
049 000300 N
050 000300 N
<PAGE> PAGE 17
051 000300 N
052 000300 N
053 A000300 N
055 A000300 N
055 B000300 N
056 000300 N
057 000300 N
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 250
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 0.9
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 49.8
062 N000300 65.4
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 6.3
064 A000300 N
064 B000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 N
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 Y
070 E020300 Y
070 F010300 N
070 F020300 N
<PAGE> PAGE 18
070 G010300 Y
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 711194
071 B000300 802093
071 C000300 332524
071 D000300 214
072 A000300 12
072 B000300 25312
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 1980
072 G000300 0
072 H000300 0
072 I000300 483
072 J000300 62
072 K000300 0
072 L000300 33
072 M000300 48
072 N000300 7
072 O000300 0
072 P000300 0
072 Q000300 92
072 R000300 14
072 S000300 2
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 11
<PAGE> PAGE 19
072 X000300 2732
072 Y000300 0
072 Z000300 22580
072AA000300 13870
072BB000300 13327
072CC010300 20974
072CC020300 0
072DD010300 22389
072DD020300 0
072EE000300 0
073 A010300 0.6979
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 2
074 B000300 2840
074 C000300 0
074 D000300 378921
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 45520
074 K000300 0
074 L000300 5126
074 M000300 540
074 N000300 432949
074 O000300 77867
074 P000300 168
074 Q000300 0
074 R010300 0
074 R020300 25380
074 R030300 0
074 R040300 519
074 S000300 0
074 T000300 329015
074 U010300 30840
074 U020300 0
074 V010300 10.67
074 V020300 0.00
074 W000300 0.0000
074 X000300 31064
074 Y000300 156515
075 A000300 0
075 B000300 329937
076 000300 0.00
008 A000401 VAN KAMPEN AMERICAN CAPITAL ASSET MGT., INC.
008 B000401 A
008 C000401 801-8286
008 D010401 HOUSTON
<PAGE> PAGE 20
008 D020401 TX
008 D030401 77056
024 000400 Y
025 A000401 ASSOCIATES CORP. OF NORTH AMERICA
025 B000401 ---
025 C000401 D
025 D000401 2769
025 A000402 GENERAL ELECTRIC CAPITAL CORP.
025 B000402 06-1076552
025 C000402 D
025 D000402 2794
025 A000403 LEHMAN GOVERNMENT SECURITIES
025 B000403 13-2518466
025 C000403 D
025 D000403 9970
025 A000404 SBC CAPITAL MARKETS, INC.
025 B000404 ---
025 C000404 D
025 D000404 9965
025 A000405 STATE STREET BANK & TRUST CO.
025 B000405 04-1867445
025 C000405 D
025 D000405 9965
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 5426
028 A020400 251
028 A030400 0
028 A040400 4518
028 B010400 5420
028 B020400 231
028 B030400 0
028 B040400 5014
028 C010400 5268
028 C020400 238
028 C030400 0
028 C040400 4295
028 D010400 6388
028 D020400 230
028 D030400 0
028 D040400 6315
028 E010400 5603
028 E020400 220
028 E030400 0
028 E040400 4889
028 F010400 6435
028 F020400 248
028 F030400 0
028 F040400 5116
028 G010400 34540
<PAGE> PAGE 21
028 G020400 1418
028 G030400 0
028 G040400 30147
028 H000400 0
029 000400 N
030 A000400 0
030 B000400 0.00
030 C000400 0.00
031 A000400 0
031 B000400 0
032 000400 0
033 000400 0
034 000400 N
035 000400 0
036 B000400 0
037 000400 N
038 000400 0
039 000400 N
040 000400 N
041 000400 N
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.000
048 A010400 2000000
048 A020400 0.500
048 B010400 2000000
048 B020400 0.475
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 4000000
048 K020400 0.450
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 Y
<PAGE> PAGE 22
053 B000400 Y
053 C000400 N
055 A000400 N
055 B000400 N
056 000400 N
057 000400 N
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 250
062 A000400 Y
062 B000400 0.0
062 C000400 32.3
062 D000400 49.6
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 18.4
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 34
063 B000400 0.0
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
<PAGE> PAGE 23
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
072 A000400 12
072 B000400 3317
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 282
072 G000400 0
072 H000400 0
072 I000400 521
072 J000400 7
072 K000400 0
072 L000400 23
072 M000400 25
072 N000400 29
072 O000400 0
072 P000400 0
072 Q000400 58
072 R000400 13
072 S000400 3
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 2
072 X000400 963
<PAGE> PAGE 24
072 Y000400 400
072 Z000400 2754
072AA000400 0
072BB000400 0
072CC010400 0
072CC020400 0
072DD010400 2754
072DD020400 0
072EE000400 0
073 A010400 0.0492
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 4
074 B000400 29900
074 C000400 30585
074 D000400 0
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 44
074 M000400 11
074 N000400 60544
074 O000400 0
074 P000400 2
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 237
074 S000400 0
074 T000400 60305
074 U010400 60304
074 U020400 0
074 V010400 1.00
074 V020400 0.00
074 W000400 1.0000
074 X000400 25031
074 Y000400 0
075 A000400 56311
075 B000400 0
076 000400 0.00
008 A000501 VAN KAMPEN AMERICAN CAPITAL ASSET MGT., INC.
008 B000501 A
008 C000501 801-8286
008 D010501 HOUSTON
008 D020501 TX
<PAGE> PAGE 25
008 D030501 77056
024 000500 N
025 A000501 DELETE
025 D000501 0
025 A000502 DELETE
025 D000502 0
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 2182
028 A020500 450
028 A030500 0
028 A040500 2256
028 B010500 2106
028 B020500 453
028 B030500 0
028 B040500 2289
028 C010500 1787
028 C020500 458
028 C030500 0
028 C040500 3073
028 D010500 2591
028 D020500 458
028 D030500 0
028 D040500 2850
028 E010500 2955
028 E020500 458
028 E030500 0
028 E040500 2599
028 F010500 2839
028 F020500 464
028 F030500 0
028 F040500 2073
028 G010500 14460
028 G020500 2741
028 G030500 0
028 G040500 15140
028 H000500 12979
029 000500 Y
030 A000500 1034
030 B000500 4.75
030 C000500 0.25
031 A000500 118
031 B000500 0
032 000500 0
033 000500 916
034 000500 N
035 000500 0
<PAGE> PAGE 26
036 B000500 0
037 000500 N
038 000500 0
039 000500 N
040 000500 N
041 000500 N
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.000
048 A010500 1000000
048 A020500 0.600
048 B010500 1000000
048 B020500 0.550
048 C010500 1000000
048 C020500 0.500
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 3000000
048 K020500 0.450
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 N
055 A000500 N
055 B000500 Y
056 000500 N
057 000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 250
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 2.6
<PAGE> PAGE 27
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 99.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 21.5
064 A000500 Y
064 B000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 N
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
<PAGE> PAGE 28
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 59686
071 B000500 53754
071 C000500 109104
071 D000500 49
072 A000500 12
072 B000500 7405
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 679
072 G000500 0
072 H000500 0
072 I000500 220
072 J000500 6
072 K000500 0
072 L000500 19
072 M000500 27
072 N000500 26
072 O000500 0
072 P000500 0
072 Q000500 90
072 R000500 17
072 S000500 2
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 4
072 X000500 1090
072 Y000500 0
072 Z000500 6315
072AA000500 1198
072BB000500 797
072CC010500 6922
072CC020500 0
072DD010500 6188
072DD020500 0
072EE000500 0
073 A010500 0.7270
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 33
074 B000500 0
074 C000500 3100
<PAGE> PAGE 29
074 D000500 117899
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 3099
074 K000500 0
074 L000500 2849
074 M000500 4
074 N000500 126984
074 O000500 7582
074 P000500 61
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 218
074 S000500 0
074 T000500 119123
074 U010500 8650
074 U020500 0
074 V010500 13.77
074 V020500 0.00
074 W000500 0.0000
074 X000500 11589
074 Y000500 0
075 A000500 0
075 B000500 113088
076 000500 0.00
008 A000601 VAN KAMPEN AMERICAN CAPITAL ASSET MGT., INC.
008 B000601 A
008 C000601 801-8286
008 D010601 HOUSTON
008 D020601 TX
008 D030601 77056
024 000600 Y
025 A000601 DONALDSON, LUFKIN & JENRETTE SEC. CORP.
025 B000601 13-2741729
025 C000601 E
025 D000601 27
025 A000602 MERRILL LYNCH & CO., INC.
025 B000602 13-5674085
025 C000602 E
025 D000602 278
025 A000603 MORGAN STANLEY & CO., INC.
025 B000603 13-2655998
025 C000603 E
025 D000603 218
025 A000604 SBC CAPITAL MARKETS, INC.
025 B000604 ---
<PAGE> PAGE 30
025 C000604 D
025 D000604 6380
025 D000605 0
025 D000606 0
025 D000607 0
025 D000608 0
028 A010600 2672
028 A020600 0
028 A030600 0
028 A040600 379
028 B010600 3280
028 B020600 0
028 B030600 0
028 B040600 438
028 C010600 3347
028 C020600 0
028 C030600 0
028 C040600 719
028 D010600 4599
028 D020600 0
028 D030600 0
028 D040600 1271
028 E010600 4951
028 E020600 0
028 E030600 0
028 E040600 386
028 F010600 6485
028 F020600 0
028 F030600 0
028 F040600 515
028 G010600 25334
028 G020600 0
028 G030600 0
028 G040600 3708
028 H000600 10058
029 000600 Y
030 A000600 859
030 B000600 5.50
030 C000600 0.00
031 A000600 116
031 B000600 0
032 000600 0
033 000600 743
034 000600 Y
035 000600 87
036 A000600 N
036 B000600 0
037 000600 N
038 000600 0
039 000600 N
040 000600 Y
<PAGE> PAGE 31
041 000600 Y
042 A000600 0
042 B000600 0
042 C000600 100
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 205
044 000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.000
048 A010600 1000000
048 A020600 0.650
048 B010600 1000000
048 B020600 0.600
048 C010600 1000000
048 C020600 0.550
048 D010600 1000000
048 D020600 0.500
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 4000000
048 K020600 0.450
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 Y
053 B000600 Y
053 C000600 N
055 A000600 N
055 B000600 N
056 000600 N
057 000600 N
058 A000600 N
059 000600 Y
060 A000600 Y
<PAGE> PAGE 32
060 B000600 Y
061 000600 250
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
066 A000600 Y
066 B000600 N
066 C000600 Y
066 D000600 N
066 E000600 N
066 F000600 N
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 Y
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 Y
070 I020600 N
070 J010600 Y
070 J020600 N
<PAGE> PAGE 33
070 K010600 Y
070 K020600 Y
070 L010600 Y
070 L020600 Y
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 83144
071 B000600 50888
071 C000600 26353
071 D000600 193
072 A000600 12
072 B000600 207
072 C000600 391
072 D000600 0
072 E000600 0
072 F000600 189
072 G000600 0
072 H000600 0
072 I000600 376
072 J000600 0
072 K000600 0
072 L000600 28
072 M000600 24
072 N000600 90
072 O000600 0
072 P000600 0
072 Q000600 47
072 R000600 12
072 S000600 2
072 T000600 205
072 U000600 0
072 V000600 0
072 W000600 1
072 X000600 974
072 Y000600 42
072 Z000600 -334
072AA000600 4815
072BB000600 1691
072CC010600 3522
072CC020600 0
072DD010600 0
<PAGE> PAGE 34
072DD020600 0
072EE000600 0
073 A010600 0.0000
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 4
074 B000600 6380
074 C000600 1479
074 D000600 0
074 E000600 0
074 F000600 47034
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 1373
074 K000600 0
074 L000600 1320
074 M000600 0
074 N000600 57590
074 O000600 2951
074 P000600 23
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 192
074 S000600 0
074 T000600 54424
074 U010600 1447
074 U020600 2313
074 V010600 14.57
074 V020600 14.41
074 W000600 0.0000
074 X000600 33158
074 Y000600 5859
075 A000600 0
075 B000600 29086
076 000600 0.00
008 A000701 VAN KAMPEN AMERICAN CAPITAL ASSET MGT., INC.
008 B000701 A
008 C000701 801-8286
008 D010701 HOUSTON
008 D020701 TX
008 D030701 77056
024 000700 Y
025 A000701 SBC CAPITAL MARKETS, INC.
025 B000701 ----------
025 C000701 D
025 D000701 3125
025 D000702 0
<PAGE> PAGE 35
025 D000703 0
025 D000704 0
025 D000705 0
025 D000706 0
025 D000707 0
025 D000708 0
028 A010700 2257
028 A020700 0
028 A030700 0
028 A040700 301
028 B010700 2371
028 B020700 21
028 B030700 0
028 B040700 222
028 C010700 2683
028 C020700 0
028 C030700 0
028 C040700 355
028 D010700 3549
028 D020700 0
028 D030700 0
028 D040700 1602
028 E010700 3716
028 E020700 27
028 E030700 0
028 E040700 230
028 F010700 5034
028 F020700 0
028 F030700 0
028 F040700 385
028 G010700 19610
028 G020700 48
028 G030700 0
028 G040700 3095
028 H000700 7589
029 000700 Y
030 A000700 493
030 B000700 5.50
030 C000700 0.00
031 A000700 68
031 B000700 0
032 000700 0
033 000700 425
034 000700 Y
035 000700 48
036 A000700 N
036 B000700 0
037 000700 N
038 000700 0
039 000700 N
040 000700 Y
<PAGE> PAGE 36
041 000700 Y
042 A000700 0
042 B000700 0
042 C000700 100
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 121
044 000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.000
048 A010700 1000000
048 A020700 0.650
048 B010700 1000000
048 B020700 0.600
048 C010700 1000000
048 C020700 0.550
048 D010700 1000000
048 D020700 0.500
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 4000000
048 K020700 0.450
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 Y
053 B000700 Y
053 C000700 N
055 A000700 N
055 B000700 N
056 000700 N
057 000700 N
058 A000700 N
059 000700 Y
060 A000700 Y
<PAGE> PAGE 37
060 B000700 Y
061 000700 250
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
066 A000700 Y
066 B000700 N
066 C000700 N
066 D000700 N
066 E000700 Y
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 Y
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 Y
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 N
<PAGE> PAGE 38
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 41958
071 B000700 17696
071 C000700 16409
071 D000700 108
072 A000700 12
072 B000700 179
072 C000700 391
072 D000700 0
072 E000700 0
072 F000700 115
072 G000700 0
072 H000700 0
072 I000700 111
072 J000700 0
072 K000700 0
072 L000700 13
072 M000700 23
072 N000700 86
072 O000700 0
072 P000700 0
072 Q000700 47
072 R000700 13
072 S000700 1
072 T000700 121
072 U000700 0
072 V000700 0
072 W000700 1
072 X000700 531
072 Y000700 26
072 Z000700 65
072AA000700 1642
072BB000700 719
072CC010700 2255
072CC020700 0
072DD010700 80
<PAGE> PAGE 39
072DD020700 38
072EE000700 0
073 A010700 0.1450
073 A020700 0.0640
073 B000700 0.0000
073 C000700 0.0000
074 A000700 4
074 B000700 3125
074 C000700 99
074 D000700 1680
074 E000700 1013
074 F000700 30249
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 686
074 K000700 0
074 L000700 400
074 M000700 0
074 N000700 37256
074 O000700 2497
074 P000700 2
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 90
074 S000700 0
074 T000700 34667
074 U010700 970
074 U020700 1525
074 V010700 13.92
074 V020700 13.88
074 W000700 0.0000
074 X000700 9657
074 Y000700 600
075 A000700 0
075 B000700 17718
076 000700 0.00
008 A000801 VAN KAMPEN AMERICAN CAPITAL ASSET MGT., INC.
008 B000801 A
008 C000801 801-8286
008 D010801 HOUSTON
008 D020801 TX
008 D030801 77056
024 000800 Y
025 A000801 SBC CAPITAL MARKETS, INC.
025 B000801 ----------
025 C000801 D
025 D000801 330
025 D000802 0
<PAGE> PAGE 40
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
028 A010800 1020
028 A020800 50
028 A030800 0
028 A040800 328
028 B010800 927
028 B020800 49
028 B030800 0
028 B040800 129
028 C010800 1037
028 C020800 47
028 C030800 0
028 C040800 156
028 D010800 1517
028 D020800 53
028 D030800 0
028 D040800 377
028 E010800 1776
028 E020800 55
028 E030800 0
028 E040800 414
028 F010800 2394
028 F020800 78
028 F030800 0
028 F040800 323
028 G010800 8671
028 G020800 332
028 G030800 0
028 G040800 1727
028 H000800 3876
029 000800 Y
030 A000800 254
030 B000800 4.75
030 C000800 0.00
031 A000800 38
031 B000800 0
032 000800 0
033 000800 216
034 000800 Y
035 000800 34
036 A000800 N
036 B000800 0
037 000800 N
038 000800 0
039 000800 N
040 000800 Y
<PAGE> PAGE 41
041 000800 Y
042 A000800 0
042 B000800 0
042 C000800 100
042 D000800 0
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 71
044 000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.000
048 A010800 1000000
048 A020800 0.600
048 B010800 1000000
048 B020800 0.550
048 C010800 1000000
048 C020800 0.500
048 D010800 1000000
048 D020800 0.450
048 E010800 1000000
048 E020800 0.400
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 5000000
048 K020800 0.350
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 N
055 A000800 N
055 B000800 N
056 000800 N
057 000800 N
058 A000800 N
059 000800 Y
060 A000800 Y
060 B000800 Y
061 000800 250
<PAGE> PAGE 42
062 A000800 Y
062 B000800 0.0
062 C000800 0.0
062 D000800 1.7
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 54.2
062 N000800 59.3
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 0
063 B000800 7.6
064 A000800 N
064 B000800 N
066 A000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 Y
070 B010800 N
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 Y
070 E020800 Y
070 F010800 N
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 N
070 L020800 N
<PAGE> PAGE 43
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 23734
071 B000800 13099
071 C000800 11579
071 D000800 113
072 A000800 12
072 B000800 934
072 C000800 0
072 D000800 0
072 E000800 0
072 F000800 72
072 G000800 0
072 H000800 0
072 I000800 39
072 J000800 0
072 K000800 0
072 L000800 7
072 M000800 23
072 N000800 88
072 O000800 0
072 P000800 0
072 Q000800 51
072 R000800 15
072 S000800 1
072 T000800 71
072 U000800 0
072 V000800 0
072 W000800 1
072 X000800 368
072 Y000800 0
072 Z000800 566
072AA000800 212
072BB000800 186
072CC010800 593
072CC020800 0
072DD010800 339
072DD020800 246
072EE000800 0
073 A010800 0.6466
073 A020800 0.5623
<PAGE> PAGE 44
073 B000800 0.0000
073 C000800 0.0000
074 A000800 2
074 B000800 330
074 C000800 0
074 D000800 21932
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 497
074 K000800 0
074 L000800 891
074 M000800 0
074 N000800 23652
074 O000800 3757
074 P000800 11
074 Q000800 0
074 R010800 0
074 R020800 497
074 R030800 0
074 R040800 68
074 S000800 0
074 T000800 19319
074 U010800 810
074 U020800 781
074 V010800 12.14
074 V020800 12.14
074 W000800 0.0000
074 X000800 2625
074 Y000800 7564
075 A000800 0
075 B000800 11933
076 000800 0.00
008 A000901 SMITH BARNEY STRATEGY ADVISERS, INC.
008 B000901 A
008 C000901 801-0000
008 D010901 NEW YORK
008 D020901 NY
008 D030901 10048
024 000900 N
025 A000901 DELETE
025 D000901 0
025 A000902 DELETE
025 D000902 0
025 A000903 DELETE
025 D000903 0
025 D000904 0
025 D000905 0
025 D000906 0
<PAGE> PAGE 45
025 D000907 0
025 D000908 0
028 A010900 1641
028 A020900 0
028 A030900 0
028 A040900 1385
028 B010900 1490
028 B020900 1316
028 B030900 0
028 B040900 1480
028 C010900 0
028 C020900 0
028 C030900 0
028 C040900 0
028 D010900 0
028 D020900 0
028 D030900 0
028 D040900 0
028 E010900 0
028 E020900 0
028 E030900 0
028 E040900 0
028 F010900 0
028 F020900 0
028 F030900 0
028 F040900 0
028 G010900 3131
028 G020900 1316
028 G030900 0
028 G040900 2865
028 H000900 1614
029 000900 Y
030 A000900 686
030 B000900 5.50
030 C000900 0.00
031 A000900 92
031 B000900 0
032 000900 0
033 000900 594
034 000900 Y
035 000900 70
036 A000900 N
036 B000900 0
037 000900 N
038 000900 0
039 000900 N
040 000900 Y
041 000900 Y
042 A000900 0
042 B000900 0
042 C000900 100
<PAGE> PAGE 46
042 D000900 0
042 E000900 0
042 F000900 0
042 G000900 0
042 H000900 0
043 000900 183
044 000900 0
045 000900 Y
046 000900 N
047 000900 Y
048 000900 1.000
048 A010900 0
048 A020900 0.000
048 B010900 0
048 B020900 0.000
048 C010900 0
048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 0
048 K020900 0.000
049 000900 N
050 000900 N
051 000900 N
052 000900 N
053 A000900 N
055 A000900 N
055 B000900 N
056 000900 N
057 000900 N
058 A000900 N
059 000900 Y
060 A000900 Y
060 B000900 Y
061 000900 1000
062 A000900 N
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
<PAGE> PAGE 47
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
066 A000900 Y
066 B000900 N
066 C000900 Y
066 D000900 N
066 E000900 N
066 F000900 N
066 G000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 N
070 K020900 N
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 N
<PAGE> PAGE 48
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900 67210
071 B000900 38058
071 C000900 38513
071 D000900 99
072 A000900 8
072 B000900 638
072 C000900 541
072 D000900 0
072 E000900 0
072 F000900 370
072 G000900 0
072 H000900 0
072 I000900 118
072 J000900 53
072 K000900 0
072 L000900 31
072 M000900 15
072 N000900 93
072 O000900 0
072 P000900 0
072 Q000900 15
072 R000900 3
072 S000900 1
072 T000900 183
072 U000900 0
072 V000900 0
072 W000900 0
072 X000900 882
072 Y000900 0
072 Z000900 297
072AA000900 2360
072BB000900 1253
072CC010900 6084
072CC020900 0
072DD010900 329
072DD020900 17
072EE000900 1196
073 A010900 0.1100
073 A020900 0.0100
073 B000900 0.2425
073 C000900 0.0000
<PAGE> PAGE 49
074 A000900 0
074 B000900 0
074 C000900 0
074 D000900 0
074 E000900 0
074 F000900 0
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 0
074 K000900 0
074 L000900 0
074 M000900 0
074 N000900 0
074 O000900 0
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 0
074 S000900 0
074 T000900 0
074 U010900 0
074 U020900 0
074 V010900 0.00
074 V020900 0.00
074 W000900 0.0000
074 X000900 0
074 Y000900 0
075 A000900 0
075 B000900 55532
076 000900 0.00
008 A001001 VAN KAMPEN AMERICAN CAPITAL ASSET MGT., INC.
008 B001001 A
008 C001001 801-8286
008 D011001 HOUSTON
008 D021001 TX
008 D031001 77056
008 A001002 SMITH BARNEY MUTUAL FUNDS MGT., INC.
008 B001002 S
008 C001002 801-0000
008 D011002 NEW YORK
008 D021002 NY
008 D031002 10013
024 001000 Y
025 A001001 STATE STREET BANK & TRUST CO.
025 B001001 04-1867445
025 C001001 D
025 D001001 1303
025 D001002 0
<PAGE> PAGE 50
025 D001003 0
025 D001004 0
025 D001005 0
025 D001006 0
025 D001007 0
025 D001008 0
028 A011000 821
028 A021000 0
028 A031000 0
028 A041000 7
028 B011000 928
028 B021000 0
028 B031000 0
028 B041000 19
028 C011000 670
028 C021000 0
028 C031000 0
028 C041000 17
028 D011000 934
028 D021000 0
028 D031000 0
028 D041000 40
028 E011000 914
028 E021000 0
028 E031000 0
028 E041000 33
028 F011000 1483
028 F021000 0
028 F031000 0
028 F041000 18
028 G011000 5750
028 G021000 0
028 G031000 0
028 G041000 134
028 H001000 2206
029 001000 Y
030 A001000 147
030 B001000 5.50
030 C001000 0.00
031 A001000 11
031 B001000 0
032 001000 0
033 001000 136
034 001000 Y
035 001000 2
036 A001000 N
036 B001000 0
037 001000 N
038 001000 0
039 001000 N
040 001000 Y
<PAGE> PAGE 51
041 001000 Y
042 A001000 0
042 B001000 0
042 C001000 100
042 D001000 0
042 E001000 0
042 F001000 0
042 G001000 0
042 H001000 0
043 001000 14
044 001000 0
045 001000 Y
046 001000 N
047 001000 Y
048 001000 1.000
048 A011000 0
048 A021000 0.000
048 B011000 0
048 B021000 0.000
048 C011000 0
048 C021000 0.000
048 D011000 0
048 D021000 0.000
048 E011000 0
048 E021000 0.000
048 F011000 0
048 F021000 0.000
048 G011000 0
048 G021000 0.000
048 H011000 0
048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 0
048 K021000 0.000
049 001000 N
050 001000 N
051 001000 N
052 001000 N
053 A001000 Y
053 B001000 Y
053 C001000 N
055 A001000 N
055 B001000 N
056 001000 N
057 001000 N
058 A001000 N
059 001000 Y
060 A001000 Y
<PAGE> PAGE 52
060 B001000 Y
061 001000 250
062 A001000 N
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
066 A001000 Y
066 B001000 N
066 C001000 Y
066 D001000 N
066 E001000 N
066 F001000 N
066 G001000 N
067 001000 N
068 A001000 N
068 B001000 Y
069 001000 N
070 A011000 Y
070 A021000 Y
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
<PAGE> PAGE 53
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 Y
070 M011000 Y
070 M021000 Y
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 Y
070 Q021000 N
070 R011000 Y
070 R021000 N
071 A001000 8127
071 B001000 753
071 C001000 4449
071 D001000 17
072 A001000 12
072 B001000 22
072 C001000 51
072 D001000 0
072 E001000 0
072 F001000 35
072 G001000 0
072 H001000 0
072 I001000 29
072 J001000 66
072 K001000 0
072 L001000 3
072 M001000 7
072 N001000 35
072 O001000 0
072 P001000 0
072 Q001000 5
072 R001000 17
072 S001000 1
072 T001000 14
072 U001000 3
072 V001000 0
072 W001000 0
072 X001000 215
072 Y001000 82
072 Z001000 -60
072AA001000 48
072BB001000 35
072CC011000 605
072CC021000 0
072DD011000 0
<PAGE> PAGE 54
072DD021000 0
072EE001000 0
073 A011000 0.0000
073 A021000 0.0000
073 B001000 0.0000
073 C001000 0.0000
074 A001000 0
074 B001000 1303
074 C001000 0
074 D001000 0
074 E001000 0
074 F001000 7994
074 G001000 0
074 H001000 0
074 I001000 363
074 J001000 364
074 K001000 0
074 L001000 294
074 M001000 29
074 N001000 10347
074 O001000 964
074 P001000 2
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 59
074 S001000 0
074 T001000 9322
074 U011000 474
074 U021000 199
074 V011000 13.86
074 V021000 13.79
074 W001000 0.0000
074 X001000 3270
074 Y001000 0
075 A001000 0
075 B001000 4697
076 001000 0.00
008 A001101 VAN KAMPEN AMERICAN CAPITAL ASSET MGT., INC.
008 B001101 A
008 C001101 801-8286
008 D011101 HOUSTON
008 D021101 TX
008 D031101 77056
024 001100 Y
025 A001101 SBC CAPITAL MARKETS, INC.
025 B001101 ----------
025 C001101 D
025 D001101 2585
025 D001102 0
<PAGE> PAGE 55
025 D001103 0
025 D001104 0
025 D001105 0
025 D001106 0
025 D001107 0
025 D001108 0
028 A011100 2469
028 A021100 0
028 A031100 0
028 A041100 14
028 B011100 3117
028 B021100 0
028 B031100 0
028 B041100 34
028 C011100 2947
028 C021100 0
028 C031100 0
028 C041100 71
028 D011100 4644
028 D021100 0
028 D031100 0
028 D041100 755
028 E011100 3797
028 E021100 0
028 E031100 0
028 E041100 186
028 F011100 5467
028 F021100 0
028 F031100 0
028 F041100 183
028 G011100 22441
028 G021100 0
028 G031100 0
028 G041100 1243
028 H001100 12127
029 001100 Y
030 A001100 569
030 B001100 5.50
030 C001100 0.00
031 A001100 48
031 B001100 0
032 001100 0
033 001100 521
034 001100 Y
035 001100 7
036 A001100 N
036 B001100 0
037 001100 N
038 001100 0
039 001100 N
040 001100 Y
<PAGE> PAGE 56
041 001100 Y
042 A001100 0
042 B001100 0
042 C001100 100
042 D001100 0
042 E001100 0
042 F001100 0
042 G001100 0
042 H001100 0
043 001100 39
044 001100 0
045 001100 Y
046 001100 N
047 001100 Y
048 001100 0.000
048 A011100 1000000
048 A021100 0.650
048 B011100 1000000
048 B021100 0.600
048 C011100 1000000
048 C021100 0.550
048 D011100 1000000
048 D021100 0.500
048 E011100 0
048 E021100 0.000
048 F011100 0
048 F021100 0.000
048 G011100 0
048 G021100 0.000
048 H011100 0
048 H021100 0.000
048 I011100 0
048 I021100 0.000
048 J011100 0
048 J021100 0.000
048 K011100 4000000
048 K021100 0.450
049 001100 N
050 001100 N
051 001100 N
052 001100 N
053 A001100 Y
053 B001100 Y
053 C001100 N
055 A001100 N
055 B001100 N
056 001100 N
057 001100 N
058 A001100 N
059 001100 Y
060 A001100 Y
<PAGE> PAGE 57
060 B001100 Y
061 001100 250
062 A001100 N
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
066 A001100 Y
066 B001100 Y
066 C001100 N
066 D001100 N
066 E001100 N
066 F001100 N
066 G001100 N
067 001100 N
068 A001100 N
068 B001100 N
069 001100 N
070 A011100 Y
070 A021100 Y
070 B011100 Y
070 B021100 N
070 C011100 N
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
<PAGE> PAGE 58
070 K011100 Y
070 K021100 N
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 N
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 Y
070 R021100 N
071 A001100 29404
071 B001100 6152
071 C001100 7420
071 D001100 83
072 A001100 12
072 B001100 44
072 C001100 35
072 D001100 0
072 E001100 0
072 F001100 48
072 G001100 0
072 H001100 0
072 I001100 105
072 J001100 0
072 K001100 0
072 L001100 4
072 M001100 7
072 N001100 44
072 O001100 0
072 P001100 0
072 Q001100 6
072 R001100 10
072 S001100 1
072 T001100 39
072 U001100 3
072 V001100 0
072 W001100 0
072 X001100 267
072 Y001100 45
072 Z001100 -143
072AA001100 522
072BB001100 552
072CC011100 2167
072CC021100 0
072DD011100 0
<PAGE> PAGE 59
072DD021100 0
072EE001100 0
073 A011100 0.0000
073 A021100 0.0000
073 B001100 0.0000
073 C001100 0.0000
074 A001100 5
074 B001100 2585
074 C001100 0
074 D001100 25389
074 E001100 0
074 F001100 0
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 382
074 K001100 0
074 L001100 1158
074 M001100 0
074 N001100 29519
074 O001100 2682
074 P001100 4
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 89
074 S001100 0
074 T001100 26744
074 U011100 1055
074 U021100 718
074 V011100 15.12
074 V021100 15.04
074 W001100 0.0000
074 X001100 14902
074 Y001100 0
075 A001100 0
075 B001100 9777
076 001100 0.00
SIGNATURE TANYA LODEN
TITLE CONTROLLER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000810271
<NAME> COMMON SENSE TRUST
<SERIES>
<NUMBER> 1
<NAME> GROWTH PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 2,344,613,872
<INVESTMENTS-AT-VALUE> 2,610,914,545
<RECEIVABLES> 111,633,298
<ASSETS-OTHER> 125,135
<OTHER-ITEMS-ASSETS> 7,211
<TOTAL-ASSETS> 2,722,680,189
<PAYABLE-FOR-SECURITIES> 107,093,069
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,082,211
<TOTAL-LIABILITIES> 111,175,280
<SENIOR-EQUITY> 1,495,334
<PAID-IN-CAPITAL-COMMON> 1,970,060,661
<SHARES-COMMON-STOCK> 149,533,377
<SHARES-COMMON-PRIOR> 141,740,595
<ACCUMULATED-NII-CURRENT> 20,950,803
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 352,658,120
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 266,339,991
<NET-ASSETS> 2,611,504,909
<DIVIDEND-INCOME> 35,447,186
<INTEREST-INCOME> 12,456,275
<OTHER-INCOME> 0
<EXPENSES-NET> 23,516,745
<NET-INVESTMENT-INCOME> 24,386,716
<REALIZED-GAINS-CURRENT> 358,190,994
<APPREC-INCREASE-CURRENT> 130,227,400
<NET-CHANGE-FROM-OPS> 512,805,110
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 22,053,177
<DISTRIBUTIONS-OF-GAINS> 147,259,430
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19,019,524
<NUMBER-OF-SHARES-REDEEMED> 23,505,333
<SHARES-REINVESTED> 12,278,591
<NET-CHANGE-IN-ASSETS> 441,597,607
<ACCUMULATED-NII-PRIOR> 18,617,264
<ACCUMULATED-GAINS-PRIOR> 141,726,556
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 14,436,748
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 23,516,745
<AVERAGE-NET-ASSETS> 2,352,136,090
<PER-SHARE-NAV-BEGIN> 15.31
<PER-SHARE-NII> .160
<PER-SHARE-GAIN-APPREC> 3.180
<PER-SHARE-DIVIDEND> .155
<PER-SHARE-DISTRIBUTIONS> 1.035
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.46
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000810271
<NAME> COMMON SENSE TRUST
<SERIES>
<NUMBER> 2
<NAME> GROWTH & INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 705,220,569
<INVESTMENTS-AT-VALUE> 821,633,016
<RECEIVABLES> 20,402,373
<ASSETS-OTHER> 42,324
<OTHER-ITEMS-ASSETS> 3,034
<TOTAL-ASSETS> 842,080,747
<PAYABLE-FOR-SECURITIES> 12,443,269
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,318,678
<TOTAL-LIABILITIES> 13,761,947
<SENIOR-EQUITY> 488,620
<PAID-IN-CAPITAL-COMMON> 620,858,953
<SHARES-COMMON-STOCK> 48,862,007
<SHARES-COMMON-PRIOR> 45,213,652
<ACCUMULATED-NII-CURRENT> 5,483,984
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 84,630,671
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 116,856,572
<NET-ASSETS> 828,318,800
<DIVIDEND-INCOME> 18,964,829
<INTEREST-INCOME> 5,576,108
<OTHER-INCOME> 0
<EXPENSES-NET> 7,267,676
<NET-INVESTMENT-INCOME> 17,273,261
<REALIZED-GAINS-CURRENT> 84,851,910
<APPREC-INCREASE-CURRENT> 53,004,855
<NET-CHANGE-FROM-OPS> 155,130,026
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 14,344,183
<DISTRIBUTIONS-OF-GAINS> 71,729,488
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,095,770
<NUMBER-OF-SHARES-REDEEMED> 8,600,756
<SHARES-REINVESTED> 6,153,341
<NET-CHANGE-IN-ASSETS> 115,423,516
<ACCUMULATED-NII-PRIOR> 2,332,648
<ACCUMULATED-GAINS-PRIOR> 71,730,507
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,937,121
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,267,676
<AVERAGE-NET-ASSETS> 759,557,068
<PER-SHARE-NAV-BEGIN> 15.77
<PER-SHARE-NII> .36
<PER-SHARE-GAIN-APPREC> 2.715
<PER-SHARE-DIVIDEND> .30
<PER-SHARE-DISTRIBUTIONS> 1.595
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.95
<EXPENSE-RATIO> .96
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000810271
<NAME> COMMON SENSE TRUST
<SERIES>
<NUMBER> 3
<NAME> GOVERNMENT PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 374,029,773
<INVESTMENTS-AT-VALUE> 381,760,731
<RECEIVABLES> 51,166,838
<ASSETS-OTHER> 19,041
<OTHER-ITEMS-ASSETS> 2,142
<TOTAL-ASSETS> 432,948,752
<PAYABLE-FOR-SECURITIES> 77,867,031
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 26,066,766
<TOTAL-LIABILITIES> 103,933,797
<SENIOR-EQUITY> 308,399
<PAID-IN-CAPITAL-COMMON> 352,075,117
<SHARES-COMMON-STOCK> 30,839,945
<SHARES-COMMON-PRIOR> 33,535,250
<ACCUMULATED-NII-CURRENT> 376,392
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (32,693,720)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,948,767
<NET-ASSETS> 329,014,955
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 25,311,576
<OTHER-INCOME> 0
<EXPENSES-NET> 2,731,902
<NET-INVESTMENT-INCOME> 22,579,674
<REALIZED-GAINS-CURRENT> 542,878
<APPREC-INCREASE-CURRENT> 20,974,048
<NET-CHANGE-FROM-OPS> 44,096,600
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 22,389,062
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,887,096
<NUMBER-OF-SHARES-REDEEMED> 8,448,288
<SHARES-REINVESTED> 1,865,887
<NET-CHANGE-IN-ASSETS> (5,946,691)
<ACCUMULATED-NII-PRIOR> 94,929
<ACCUMULATED-GAINS-PRIOR> (33,141,920)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,979,623
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,731,902
<AVERAGE-NET-ASSETS> 329,937,150
<PER-SHARE-NAV-BEGIN> 9.99
<PER-SHARE-NII> .70
<PER-SHARE-GAIN-APPREC> .678
<PER-SHARE-DIVIDEND> .698
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.67
<EXPENSE-RATIO> .83
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000810271
<NAME> COMMON SENSE TRUST
<SERIES>
<NUMBER> 4
<NAME> MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 60,485,430
<INVESTMENTS-AT-VALUE> 60,485,430
<RECEIVABLES> 38,558
<ASSETS-OTHER> 16,370
<OTHER-ITEMS-ASSETS> 3,751
<TOTAL-ASSETS> 60,544,109
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 239,210
<TOTAL-LIABILITIES> 239,210
<SENIOR-EQUITY> 603,040
<PAID-IN-CAPITAL-COMMON> 59,700,713
<SHARES-COMMON-STOCK> 60,304,001
<SHARES-COMMON-PRIOR> 56,400,415
<ACCUMULATED-NII-CURRENT> 1,146
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 60,304,899
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,316,783
<OTHER-INCOME> 0
<EXPENSES-NET> 563,107
<NET-INVESTMENT-INCOME> 2,753,676
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,753,676
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,753,721
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 63,147,478
<NUMBER-OF-SHARES-REDEEMED> 2,705,499
<SHARES-REINVESTED> 61,949,391
<NET-CHANGE-IN-ASSETS> 3,903,549
<ACCUMULATED-NII-PRIOR> 1,191
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 281,553
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 963,274
<AVERAGE-NET-ASSETS> 56,310,652
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.049
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .049
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000810271
<NAME> COMMON SENSE TRUST
<SERIES>
<NUMBER> 5
<NAME> MUNICIPAL BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 115,460,413
<INVESTMENTS-AT-VALUE> 120,999,351
<RECEIVABLES> 5,947,793
<ASSETS-OTHER> 3,562
<OTHER-ITEMS-ASSETS> 33,379
<TOTAL-ASSETS> 126,984,085
<PAYABLE-FOR-SECURITIES> 7,582,031
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 279,134
<TOTAL-LIABILITIES> 7,861,165
<SENIOR-EQUITY> 86,498
<PAID-IN-CAPITAL-COMMON> 112,964,627
<SHARES-COMMON-STOCK> 8,649,853
<SHARES-COMMON-PRIOR> 8,692,763
<ACCUMULATED-NII-CURRENT> 158,581
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 374,277
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,538,937
<NET-ASSETS> 119,122,920
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,405,369
<OTHER-INCOME> 0
<EXPENSES-NET> 1,090,374
<NET-INVESTMENT-INCOME> 6,314,995
<REALIZED-GAINS-CURRENT> 401,050
<APPREC-INCREASE-CURRENT> 6,922,298
<NET-CHANGE-FROM-OPS> 13,638,343
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,187,572
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,026,724
<NUMBER-OF-SHARES-REDEEMED> 2,471,996
<SHARES-REINVESTED> 402,352
<NET-CHANGE-IN-ASSETS> 7,034,501
<ACCUMULATED-NII-PRIOR> 31,158
<ACCUMULATED-GAINS-PRIOR> (26,773)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 678,530
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,090,374
<AVERAGE-NET-ASSETS> 113,088,367
<PER-SHARE-NAV-BEGIN> 12.89
<PER-SHARE-NII> .74
<PER-SHARE-GAIN-APPREC> .867
<PER-SHARE-DIVIDEND> .727
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.77
<EXPENSE-RATIO> 0.96
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000810271
<NAME> COMMON SENSE TRUST II
<SERIES>
<NUMBER> 6A
<NAME> GROWTH II-CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 51,155,059
<INVESTMENTS-AT-VALUE> 54,893,734
<RECEIVABLES> 2,692,990
<ASSETS-OTHER> 20
<OTHER-ITEMS-ASSETS> 3,625
<TOTAL-ASSETS> 57,590,369
<PAYABLE-FOR-SECURITIES> 2,950,545
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 216,036
<TOTAL-LIABILITIES> 3,166,581
<SENIOR-EQUITY> 37,606
<PAID-IN-CAPITAL-COMMON> 47,981,929
<SHARES-COMMON-STOCK> 1,447,190
<SHARES-COMMON-PRIOR> 368,584
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,593,885
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,810,368
<NET-ASSETS> 54,423,788
<DIVIDEND-INCOME> 391,376
<INTEREST-INCOME> 206,534
<OTHER-INCOME> 0
<EXPENSES-NET> 932,091
<NET-INVESTMENT-INCOME> (334,181)
<REALIZED-GAINS-CURRENT> 3,123,944
<APPREC-INCREASE-CURRENT> 3,522,427
<NET-CHANGE-FROM-OPS> 6,312,190
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,296,305
<NUMBER-OF-SHARES-REDEEMED> 217,699
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 44,260,152
<ACCUMULATED-NII-PRIOR> (8,840)
<ACCUMULATED-GAINS-PRIOR> (195,878)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 189,060
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 974,552
<AVERAGE-NET-ASSETS> 11,456,363
<PER-SHARE-NAV-BEGIN> 11.89
<PER-SHARE-NII> (.09)
<PER-SHARE-GAIN-APPREC> 2.77
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.57
<EXPENSE-RATIO> 2.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000810271
<NAME> COMMON SENSE TRUST II
<SERIES>
<NUMBER> 6B
<NAME> GROWTH II-CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<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> 2,313,448
<SHARES-COMMON-PRIOR> 487,917
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,972,519
<NUMBER-OF-SHARES-REDEEMED> 146,988
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 17,629,751
<PER-SHARE-NAV-BEGIN> 11.85
<PER-SHARE-NII> (.19)
<PER-SHARE-GAIN-APPREC> 2.75
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.41
<EXPENSE-RATIO> 3.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000810271
<NAME> COMMON SENSE TRUST II
<SERIES>
<NUMBER> 7A
<NAME> GROWTH & INCOME II-CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 33,827,891
<INVESTMENTS-AT-VALUE> 36,165,235
<RECEIVABLES> 1,086,329
<ASSETS-OTHER> 21
<OTHER-ITEMS-ASSETS> 3,999
<TOTAL-ASSETS> 37,255,584
<PAYABLE-FOR-SECURITIES> 2,497,098
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 91,562
<TOTAL-LIABILITIES> 2,588,660
<SENIOR-EQUITY> 24,955
<PAID-IN-CAPITAL-COMMON> 31,524,800
<SHARES-COMMON-STOCK> 970,197
<SHARES-COMMON-PRIOR> 296,465
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 19,387
<ACCUMULATED-NET-GAINS> 784,850
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,332,319
<NET-ASSETS> 34,666,924
<DIVIDEND-INCOME> 390,874
<INTEREST-INCOME> 179,223
<OTHER-INCOME> 0
<EXPENSES-NET> 504,821
<NET-INVESTMENT-INCOME> 65,276
<REALIZED-GAINS-CURRENT> 922,616
<APPREC-INCREASE-CURRENT> 2,255,307
<NET-CHANGE-FROM-OPS> 3,243,199
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 60,588
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 870,371
<NUMBER-OF-SHARES-REDEEMED> 202,866
<SHARES-REINVESTED> 6,227
<NET-CHANGE-IN-ASSETS> 27,555,424
<ACCUMULATED-NII-PRIOR> 35,899
<ACCUMULATED-GAINS-PRIOR> (121,393)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 115,168
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 530,821
<AVERAGE-NET-ASSETS> 7,496,696
<PER-SHARE-NAV-BEGIN> 11.71
<PER-SHARE-NII> .10
<PER-SHARE-GAIN-APPREC> 2.255
<PER-SHARE-DIVIDEND> .145
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.92
<EXPENSE-RATIO> 2.44
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000810271
<NAME> COMMON SENSE TRUST II
<SERIES>
<NUMBER> 7B
<NAME> GROWTH & INCOME II-CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<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> 1,525,260
<SHARES-COMMON-PRIOR> 311,052
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 32,885
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,688
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,317,260
<NUMBER-OF-SHARES-REDEEMED> 106,128
<SHARES-REINVESTED> 3,076
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 10,221,468
<PER-SHARE-NAV-BEGIN> 11.70
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 2.234
<PER-SHARE-DIVIDEND> .064
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.88
<EXPENSE-RATIO> 3.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000810271
<NAME> COMMON SENSE TRUST II
<SERIES>
<NUMBER> 8A
<NAME> GOVERNMENT II-CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 21,891,028
<INVESTMENTS-AT-VALUE> 22,262,331
<RECEIVABLES> 1,374,140
<ASSETS-OTHER> 13,376
<OTHER-ITEMS-ASSETS> 2,096
<TOTAL-ASSETS> 23,651,943
<PAYABLE-FOR-SECURITIES> 3,770,500
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 562,240
<TOTAL-LIABILITIES> 4,332,740
<SENIOR-EQUITY> 15,908
<PAID-IN-CAPITAL-COMMON> 18,879,404
<SHARES-COMMON-STOCK> 809,931
<SHARES-COMMON-PRIOR> 394,544
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 10,291
<ACCUMULATED-NET-GAINS> (22,577)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 446,468
<NET-ASSETS> 19,319,203
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 933,882
<OTHER-INCOME> 0
<EXPENSES-NET> 367,678
<NET-INVESTMENT-INCOME> 566,204
<REALIZED-GAINS-CURRENT> 26,327
<APPREC-INCREASE-CURRENT> 593,246
<NET-CHANGE-FROM-OPS> 1,185,777
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 338,589
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 545,888
<NUMBER-OF-SHARES-REDEEMED> 158,374
<SHARES-REINVESTED> 27,873
<NET-CHANGE-IN-ASSETS> 11,977,047
<ACCUMULATED-NII-PRIOR> 5,367
<ACCUMULATED-GAINS-PRIOR> (35,561)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 71,599
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 367,678
<AVERAGE-NET-ASSETS> 6,429,918
<PER-SHARE-NAV-BEGIN> 11.54
<PER-SHARE-NII> .61
<PER-SHARE-GAIN-APPREC> .637
<PER-SHARE-DIVIDEND> .647
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.14
<EXPENSE-RATIO> 2.74
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000810271
<NAME> COMMON SENSE TRUST II
<SERIES>
<NUMBER> 8B
<NAME> GOVERNMENT II-CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<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> 780,836
<SHARES-COMMON-PRIOR> 241,885
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 8,419
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 246,325
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 618,905
<NUMBER-OF-SHARES-REDEEMED> 99,822
<SHARES-REINVESTED> 19,868
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 5,503,150
<PER-SHARE-NAV-BEGIN> 11.54
<PER-SHARE-NII> .51
<PER-SHARE-GAIN-APPREC> .652
<PER-SHARE-DIVIDEND> .562
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.14
<EXPENSE-RATIO> 3.48
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000810271
<NAME> COMMON SENSE TRUST II
<SERIES>
<NUMBER> 9A
<NAME> GROWTH OPPORTUNITY II-CLASS A
<S> <C>
<PERIOD-TYPE> 8-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> JUN-30-1995
<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> 3,386,185
<SHARES-COMMON-PRIOR> 2,216,296
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 541,366
<INTEREST-INCOME> 637,372
<OTHER-INCOME> 0
<EXPENSES-NET> 882,104
<NET-INVESTMENT-INCOME> 296,634
<REALIZED-GAINS-CURRENT> 1,107,296
<APPREC-INCREASE-CURRENT> 6,084,043
<NET-CHANGE-FROM-OPS> 7,487,973
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 329,081
<DISTRIBUTIONS-OF-GAINS> 795,255
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,528,407
<NUMBER-OF-SHARES-REDEEMED> 444,723
<SHARES-REINVESTED> 86,205
<NET-CHANGE-IN-ASSETS> 28,840,771
<ACCUMULATED-NII-PRIOR> 60,329
<ACCUMULATED-GAINS-PRIOR> 51,407
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 370,279
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 882,104
<AVERAGE-NET-ASSETS> 37,471,251
<PER-SHARE-NAV-BEGIN> 12.20
<PER-SHARE-NII> .08
<PER-SHARE-GAIN-APPREC> 1.433
<PER-SHARE-DIVIDEND> .11
<PER-SHARE-DISTRIBUTIONS> .243
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.36
<EXPENSE-RATIO> 2.15<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>EXPENSE RATIO IS ANNUALIZED
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000810271
<NAME> COMMON SENSE TRUST II
<SERIES>
<NUMBER> 9B
<NAME> GROWTH OPPORTUNITY II-CLASS B
<S> <C>
<PERIOD-TYPE> 8-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> JUN-30-1995
<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> 1,704,119
<SHARES-COMMON-PRIOR> 996,432
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 400,283
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 832,280
<NUMBER-OF-SHARES-REDEEMED> 156,105
<SHARES-REINVESTED> 31,512
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 18,060,879
<PER-SHARE-NAV-BEGIN> 12.17
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 1.423
<PER-SHARE-DIVIDEND> .01
<PER-SHARE-DISTRIBUTIONS> .243
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.36
<EXPENSE-RATIO> 2.91<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>EXPENSE RATIO IS ANNUALIZED
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000810271
<NAME> COMMON SENSE TRUST II
<SERIES>
<NUMBER> 10A
<NAME> INTERNATIONAL EQUITY II-CLASS A
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> FEB-21-1995
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 8,690,128
<INVESTMENTS-AT-VALUE> 9,296,743
<RECEIVABLES> 658,006
<ASSETS-OTHER> 28,097
<OTHER-ITEMS-ASSETS> 363,752
<TOTAL-ASSETS> 10,346,598
<PAYABLE-FOR-SECURITIES> 964,183
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 60,686
<TOTAL-LIABILITIES> 1,024,869
<SENIOR-EQUITY> 6,735
<PAID-IN-CAPITAL-COMMON> 8,709,504
<SHARES-COMMON-STOCK> 474,025
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 605,490
<NET-ASSETS> 9,321,729
<DIVIDEND-INCOME> 51,723
<INTEREST-INCOME> 21,913
<OTHER-INCOME> 0
<EXPENSES-NET> 133,483
<NET-INVESTMENT-INCOME> (59,847)
<REALIZED-GAINS-CURRENT> 13,225
<APPREC-INCREASE-CURRENT> 605,490
<NET-CHANGE-FROM-OPS> 558,868
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 480,871
<NUMBER-OF-SHARES-REDEEMED> 6,846
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 9,321,529
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 35,227
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 215,684
<AVERAGE-NET-ASSETS> 3,690,764
<PER-SHARE-NAV-BEGIN> 11.81
<PER-SHARE-NII> (.14)
<PER-SHARE-GAIN-APPREC> 2.19
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.86
<EXPENSE-RATIO> 3.64<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>EXPENSE RATIO IS ANNUALIZED
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000810271
<NAME> COMMON SENSE TRUST II
<SERIES>
<NUMBER> 10B
<NAME> INTERNATIONAL EQUITY II-CLASS B
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> FEB-21-1995
<PERIOD-END> OCT-31-1995
<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> 199,498
<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> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 202,578
<NUMBER-OF-SHARES-REDEEMED> 3,080
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 1,006,154
<PER-SHARE-NAV-BEGIN> 11.81
<PER-SHARE-NII> (.21)
<PER-SHARE-GAIN-APPREC> 2.19
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.79
<EXPENSE-RATIO> 4.33<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>EXPENSE RATIO IS ANNUALIZED
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000270271
<NAME> COMMON SENSE TRUST II
<SERIES>
<NUMBER> 11A
<NAME> EMERGING GROWTH II-CLASS A
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> FEB-21-1995
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 25,806,938
<INVESTMENTS-AT-VALUE> 27,973,703
<RECEIVABLES> 1,539,997
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 5,229
<TOTAL-ASSETS> 29,518,929
<PAYABLE-FOR-SECURITIES> 2,682,343
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 93,013
<TOTAL-LIABILITIES> 2,775,356
<SENIOR-EQUITY> 17,725
<PAID-IN-CAPITAL-COMMON> 24,589,075
<SHARES-COMMON-STOCK> 1,054,794
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (29,992)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,166,765
<NET-ASSETS> 26,743,573
<DIVIDEND-INCOME> 35,352
<INTEREST-INCOME> 44,084
<OTHER-INCOME> 0
<EXPENSES-NET> 222,201
<NET-INVESTMENT-INCOME> (142,765)
<REALIZED-GAINS-CURRENT> (29,992)
<APPREC-INCREASE-CURRENT> 2,166,765
<NET-CHANGE-FROM-OPS> 1,994,008
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,125,630
<NUMBER-OF-SHARES-REDEEMED> 70,836
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 26,743,373
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 47,662
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 267,694
<AVERAGE-NET-ASSETS> 6,122,787
<PER-SHARE-NAV-BEGIN> 11.81
<PER-SHARE-NII> (.24)
<PER-SHARE-GAIN-APPREC> 3.55
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.12
<EXPENSE-RATIO> 2.75<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1> EXPENSE RATIO IS ANNUALIZED
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000270271
<NAME> COMMON SENSE TRUST II
<SERIES>
<NUMBER> 11B
<NAME> EMERGING GROWTH II-CLASS B
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> FEB-21-1995
<PERIOD-END> OCT-31-1995
<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> 717,720
<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> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 732,333
<NUMBER-OF-SHARES-REDEEMED> 14,613
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 3,654,028
<PER-SHARE-NAV-BEGIN> 11.81
<PER-SHARE-NII> (.35)
<PER-SHARE-GAIN-APPREC> 3.58
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.04
<EXPENSE-RATIO> 3.49<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>EXPENSE RATIO IS ANNUALIZED
</FN>
</TABLE>
Report of Independent Auditors
on Internal Control Structure
Board of Trustees
of Common Sense Trust Funds
In planning and performing our audit of the financial statements of Common
Sense Government Fund, Common Sense Growth Fund, Common Sense Growth and
Income Fund, Common Sense Municipal Bond Fund and Common Sense Money Market
Fund (cumulatively the "Funds"), five of the ten portfolios constituting the
series of the Common Sense Trust (the "Trust"), for the year ended October
31, 1995, we considered its internal control structure, including procedures
for safeguarding securities, in order to determine our auditing procedures
for the purpose of expressing our opinion on the financial statements and to
comply with the requirements of Form N-SAR, not to provide assurance on the
internal control structure.
The management of the Funds is responsible for establishing and maintaining
an internal control structure. In fulfilling this responsibility, estimates
and judgments by management are required to assess the expected benefits and
related costs of internal control structure policies and procedures. Two of
the objectives of an internal control structure are to provide management
with reasonable, but not absolute, assurance that assets are safeguarded
against loss from unauthorized use or disposition and that transactions are
executed in accordance with managements authorization and recorded properly
to permit preparation of financial statements in conformity with generally
accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it
may become inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design
or operation of the specific internal control structure elements does not
reduce to a relatively low level the risk that errors or irregularities in
amounts that would be material in relation to the financial statements being
audited may occur and not be detected within a timely period by employees in
the normal course of performing their assigned functions. However, we noted
no matters involving the internal control structure, including procedures
for safeguarding securities, that we consider to be material weaknesses as
defined above as of October 31, 1995.
This report is intended solely for the information and use of management and
the Securities and Exchange Commission.
ERNST & YOUNG LLP
December 1, 1995
Report of Independent Auditors
on Internal Control Structure
Board of Trustees
of Common Sense Trust Funds
In planning and performing our audit of the financial statements of Common
Sense II Growth Fund, Common Sense II Growth and Income Fund, Common Sense II
Government Fund, Common Sense II Emerging Growth Fund and Common Sense II
International Equity Fund (cumulatively the "Funds"), five of the ten
portfolios constituting the series of the Common Sense Trust (cumulatively
the "Trust"), for the year ended October 31, 1995, we considered its internal
control structure, including procedures for safeguarding securities, in order
to determine our auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the requirements of
Form N-SAR, not to provide assurance on the internal control structure.
The management of the Funds is responsible for establishing and maintaining
an internal control structure. In fulfilling this responsibility, estimates
and judgments by management are required to assess the expected benefits
and related costs of internal control structure policies and procedures.
Two of the objectives of an internal control structure are to provide
management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization
and recorded properly to permit preparation of financial statements in
conformity with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it
may become inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design
or operation of the specific internal control structure elements does not
reduce to a relatively low level the risk that errors or irregularities in
amounts that would be material in relation to the financial statements being
audited may occur and not be detected within a timely period by employees in
the normal course of performing their assigned functions. However, we noted
no matters involving the internal control structure, including procedures for
safeguarding securities, that we consider to be material weaknesses as
defined above as of October 31, 1995.
This report is intended solely for the information and use of management and
the Securities and Exchange Commission.
ERNST & YOUNG LLP
December 1, 1995
COMMON SENSE TRUST
Government Fund II
File # 811-05018
Attachment 77H for Form NSAR
for the fiscal period ended October 31, 1995
When the fund was capitalized, Van Kampen American Capital Asset Management,
Inc.("VKACAM") was the sole shareholder of all classes of shares that the fund
offered and, therefore, was considered a controlling person (owning more than
25% of the voting securities as defined by the Investment Company Act of 1940)
of each class of shares.
Once the Fund's shares were offered to the public, and sales increased (this
causing VKACAM's controlling ownership to drop below 25%), VKACAM ceased to
be a controlling person of the Fund.
Exhibit 77 0
Common Sense Trust - Common Sense Growth Fund
Underwritings Pursuant to Rule 10f-3
1. Name of Issuer: Donaldson, Lufkin & Jenrette
Securities Acquired from: Donaldson, Lufkin & Jenrette
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 9,200,000
Number of Shares Purchased: 45,900
Price Per Share: $27.00
Purchase Date: 10-25-95
2. Name of Issuer: Donaldson, Lufkin & Jenrette
Securities Acquired from: SC Bernstein
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 9,200,000
Number of Shares Purchased: 500
Price Per Share: $27.00
Purchase Date: 10-25-95
3. Name of Issuer: DST Systems, Inc.
Securities Acquired from: First Boston
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 22,000,000
Number of Shares Purchased: 5,000
Price Per Share: $21.00
Purchase Date: 10-31-95
4. Name of Issuer: DST Systems, Inc.
Securities Acquired from: Merrill Lynch
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 22,000,000
Number of Shares Purchased: 120,700
Price Per Share: $21.00
Purchase Date: 10-31-95
5. Name of Issuer: Cox Communications Inc.
Securities Acquired from: First Boston
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 10,000,000
Number of Shares Purchased: 5,000
Price Per Share: $18.75
Purchase Date: 6-21-95
6. Name of Issuer: Cox Communications Inc.
Securities Acquired from: Salomon Brothers
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 10,000,000
Number of Shares Purchased: 40,000
Price Per Share: $18.75
Purchase Date: 6-21-95
7. Name of Issuer: Cox Communications Inc.
Securities Acquired from: Dillon Reed
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 10,000,000
Number of Shares Purchased: 4,000
Price Per Share: $18.75
Purchase Date: 6-21-95
8. Name of Issuer: Cox Communications Inc.
Securities Acquired from: J.P. Morgan
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 10,000,000
Number of Shares Purchased: 5,000
Price Per Share: $18.75
Purchase Date: 6-21-95
9. Name of Issuer: Cox Communications Inc.
Securities Acquired from: McDonald
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 10,000,000
Number of Shares Purchased: 5,000
Price Per Share: $18.75
Purchase Date: 6-21-95
10. Name of Issuer: Cox Communications Inc.
Securities Acquired from: Legg Mason
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 10,000,000
Number of Shares Purchased: 1,500
Price Per Share: $18.75
Purchase Date: 6-21-95
11. Name of Issuer: Cox Communications Inc.
Securities Acquired from: Morgan Stanley
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 10,000,000
Number of Shares Purchased: 319,500
Price Per Share: $18.75
Purchase Date: 6-21-95
12. Name of Issuer: Office Max
Securities Acquired from: DLJ
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 21,352,500
Number of Shares Purchased: 333,000
Price Per Share: $19.875
Purchase Date: 7-20-95
13. Name of Issuer: WorldCom Inc.
Securities Acquired from: DLJ
Syndicate Members: Robinson-Humphrey Co., Inc.
Number of Shares in Offering: 30,855,983
Number of Shares Purchased: 87,000
Price Per Share: $30.250
Purchase Date: 8-18-95
Exhibit 77 0
Common Sense Trust - Common Sense Growth and Income Fund
Underwritings Pursuant to Rule 10f-3
1. Name of Issuer: Intimate Brands, Inc.
Securities Acquired from: Goldman Sachs
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 40,000,000
Number of Shares Purchased: 122,600
Price Per Share: $17.00
Purchase Date: 10-23-95
2. Name of Issuer: Portugal Telecom
Securities Acquired from: Merrill Lynch
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 6,000,000
Number of Shares Purchased: 18,500
Price Per Share: $18.725
Purchase Date: 6-1-95
3. Name of Issuer: Portugal Telecom
Securities Acquired from: Merrill Lynch
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 6,000,000
Number of Shares Purchased: 51,700
Price Per Share: $18.725
Purchase Date: 6-1-95
4. Name of Issuer: Portugal Telecom
Securities Acquired from: UBS
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 6,000,000
Number of Shares Purchased: 5,000
Price Per Share: $18.725
Purchase Date: 6-1-95
5. Name of Issuer: Browning Ferris Ind. ACES
Securities Acquired from: Goldman Sachs
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 10,000,000
Number of Shares Purchased: 82,300
Price Per Share: $35.625
Purchase Date: 6-28-95
6. Name of Issuer: Browning Ferris Ind. ACES
Securities Acquired from: J.P. Morgan
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 10,000,000
Number of Shares Purchased: 8,000
Price Per Share: $35.625
Purchase Date: 6-28-95
7. Name of Issuer: Tele-Communications Intrl.
Securities Acquired from: Merrill Lynch
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 20,000,000
Number of Shares Purchased: 510,000
Price Per Share: $16.00
Purchase Date: 7-12-95
8. Name of Issuer: Horace Mann Educators Corp.
Securities Acquired from: First Boston
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 6,079,345
Number of Shares Purchased: 119,000
Price Per Share: $23.375
Purchase Date: 7-19-95
9. Name of Issuer: Horace Mann Educators Corp.
Securities Acquired from: Salomon Brothers
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 6,079,345
Number of Shares Purchased: 10,000
Price Per Share: $23.375
Purchase Date: 7-19-95
10. Name of Issuer: DeBartolo Realty Corp.
Securities Acquired from: Morgan Stanley
Syndicate Members: Robinson-Humphrey Co., Inc.
Number of Shares in Offering: 6,000,000
Number of Shares Purchased: 50,000
Price Per Share: $14.250
Purchase Date: 7-26-95
11. Name of Issuer: Eckerd Corporation
Securities Acquired from: Merrill Lynch
Syndicate Members: Robinson-Humphrey Co., Inc.
Number of Shares in Offering: 5,370,000
Number of Shares Purchased: 210,500
Price Per Share: $32.250
Purchase Date: 7-27-95
12. Name of Issuer: Time Warner PERCS
Securities Acquired from: Morgan Stanley
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 12,057,561
Number of Shares Purchased: 105,900
Price Per Share: $31.00
Purchase Date: 8-9-95
Exhibit 77 0
Common Sense Trust - Common Sense II Growth Fund
Underwritings Pursuant to Rule 10f-3
1. Name of Issuer: Donaldson, Lufkin & Jenrette
Securities Acquired from: Donaldson, Lufkin & Jenrette
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 9,200,000
Number of Shares Purchased: 900
Price Per Share: $27.00
Purchase Date: 10-25-95
2. Name of Issuer: DST Systems, Inc.
Securities Acquired from: Merrill Lynch
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 22,000,000
Number of Shares Purchased: 3,200
Price Per Share: $21.00
Purchase Date: 10-31-95
3. Name of Issuer: Portugal Telecom
Securities Acquired from: Merrill Lynch
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 6,000,000
Number of Shares Purchased: 800
Price Per Share: $18.725
Purchase Date: 6-1-95
4. Name of Issuer: Cox Communications, Inc.
Securities Acquired from: Morgan Stanley
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 10,000,000
Number of Shares Purchased: 3,500
Price Per Share: $18.875
Purchase Date: 6-21-95
5. Name of Issuer: Office Max
Securities Acquired from: DLJ
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 21,352,500
Number of Shares Purchased: 800
Price Per Share: $19.875
Purchase Date: 7-20-95
6. Name of Issuer: Office Max
Securities Acquired from: McDonald
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 21,352,500
Number of Shares Purchased: 5,000
Price Per Share: $19.875
Purchase Date: 7-20-95
7. Name of Issuer: Office Max
Securities Acquired from: Dean Witter
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 21,352,500
Number of Shares Purchased: 1,000
Price Per Share: $19.875
Purchase Date: 7-20-95
8. Name of Issuer: WorldCom Inc.
Securities Acquired from: DLJ
Syndicate Members: Robinson-Humphrey Co., Inc.
Number of Shares in Offering: 30,855,983
Number of Shares Purchased: 3,000
Price Per Share: $30.250
Purchase Date: 8-18-95
Exhibit 77 0
Common Sense Trust - Common Sense II Growth and Income Fund
Underwritings Pursuant to Rule 10f-3
1. Name of Issuer: Intimate Brands, Inc.
Securities Acquired from: Goldman Sachs
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 40,000,000
Number of Shares Purchased: 4,800
Price Per Share: $17.00
Purchase Date: 10-23-95
2. Name of Issuer: Portugal Telecom
Securities Acquired from: Merrill Lynch
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 6,000,000
Number of Shares Purchased: 400
Price Per Share: $18.725
Purchase Date: 6-1-95
3. Name of Issuer: Browning Ferris Ind. ACES
Securities Acquired from: Golman Sachs
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 10,000,000
Number of Shares Purchased: 2,600
Price Per Share: $35.625
Purchase Date: 6-28-95
4. Name of Issuer: Telecommunications Intrl.
Securities Acquired from: Merrill Lynch
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 20,000,000
Number of Shares Purchased: 10,000
Price Per Share: $16.00
Purchase Date: 7-12-95
5. Name of Issuer: Horace Mann Educators Corp.
Securities Acquired from: First Boston
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 6,079,345
Number of Shares Purchased: 4,000
Price Per Share: $23.375
Purchase Date: 7-19-95
6. Name of Issuer: De Bartolo Realty Corp.
Securities Acquired from: Morgan Stanley
Syndicate Members: Robinson-Humphrey Co., Inc.
Number of Shares in Offering: 6,000,000
Number of Shares Purchased: 2,000
Price Per Share: $14.250
Purchase Date: 7-26-95
7. Name of Issuer: Eckerd Corporation
Securities Acquired from: Merrill Lynch
Syndicate Members: Robinson-Humphrey Co., Inc.
Number of Shares in Offering: 5,370,000
Number of Shares Purchased: 4,300
Price Per Share: $32.250
Purchase Date: 7-27-95
8. Name of Issuer: Time Warner PERCS
Securities Acquired from: Morgan Stanley
Syndicate Members: Smith Barney, Inc.
Number of Shares in Offering: 12,057,561
Number of Shares Purchased: 3,500
Price Per Share: $31.00
Purchase Date: 8-9-95
