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000 A000000 06/30/97
000 C000000 0000811267
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000 F000000 Y
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001 C000000 3037683200
002 A000000 6803 SOUTH TUCSON WAY
002 B000000 ENGLEWOOD
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002 D010000 80112
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011 A000001 CENTENNIAL ASSET MANAGEMENT CORP.
011 B000001 8-22948000
011 C010001 DENVER
011 C020001 CO
011 C030001 80217
011 A000002 OPPENHEIMERFUNDS DISTRIBUTOR, INC.
011 B000002 8-12894
011 C010002 NEW YORK
011 C020002 NY
011 C030002 10048
011 C040002 0203
012 A000001 SHAREHOLDER SERVICES, INC.
012 B000001 84-907
012 C010001 DENVER
012 C020001 CO
012 C030001 80217
018 000000 Y
019 A000000 Y
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019 C000000 CENTENNIAL
020 A000001 NO REPORTABLE COMMISSIONS FOR THIS PERIOD
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<PAGE> PAGE 2
020 C000009 0
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022 A000001 PAINEWEBBER, INC.
022 B000001 13-2638166
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022 A000002 SMITH BARNEY, HARRIS UPHAM & CO., INC.
022 B000002 13-3371860
022 C000002 33296
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022 C000003 23166
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 811267
<NAME> Centennial America Fund, L.P.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JUL-01-1996
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 16,508,162
<INVESTMENTS-AT-VALUE> 16,508,162
<RECEIVABLES> 344,821
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<OTHER-ITEMS-ASSETS> 22,335
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<OTHER-ITEMS-LIABILITIES> 220,400
<TOTAL-LIABILITIES> 220,400
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16,677,745
<SHARES-COMMON-STOCK> 16,677,745
<SHARES-COMMON-PRIOR> 18,661,397
<ACCUMULATED-NII-CURRENT> 0
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<NET-ASSETS> 16,677,745
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 447,626
<OTHER-INCOME> 0
<EXPENSES-NET> 77,860
<NET-INVESTMENT-INCOME> 369,766
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 369,766
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 369,766
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 22,845,179
<NUMBER-OF-SHARES-REDEEMED> 25,161,235
<SHARES-REINVESTED> 332,405
<NET-CHANGE-IN-ASSETS> (1,983,652)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
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<GROSS-ADVISORY-FEES> 37,122
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 77,860
<AVERAGE-NET-ASSETS> 16,624,000
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
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<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
