LIBERTY UTILITY FUND INC
NSAR-A, 1995-10-30
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SIGNATURE   S.ELLIOTT COHAN                              
TITLE       ASST.GEN. COUNSEL   
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   011                                            
     <NAME>                     Liberty Utility Fund, Inc.                     
                                Class A                                        
                                                                               
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Feb-28-1996                                    
<PERIOD-END>                    Aug-31-1995                                    
<INVESTMENTS-AT-COST>           793,390,943                                    
<INVESTMENTS-AT-VALUE>          856,861,083                                    
<RECEIVABLES>                   9,614,831                                      
<ASSETS-OTHER>                  24,996                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  866,500,910                                    
<PAYABLE-FOR-SECURITIES>        1,779,823                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       2,032,528                                      
<TOTAL-LIABILITIES>             3,812,351                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        799,287,015                                    
<SHARES-COMMON-STOCK>           65,035,201                                     
<SHARES-COMMON-PRIOR>           67,578,481                                     
<ACCUMULATED-NII-CURRENT>       1,227,124                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (1,294,199)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        63,468,619                                     
<NET-ASSETS>                    754,791,714                                    
<DIVIDEND-INCOME>               22,184,831                                     
<INTEREST-INCOME>               2,465,218                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  5,181,929                                      
<NET-INVESTMENT-INCOME>         19,468,120                                     
<REALIZED-GAINS-CURRENT>        18,853,539                                     
<APPREC-INCREASE-CURRENT>       26,226,713                                     
<NET-CHANGE-FROM-OPS>           64,548,372                                     
<EQUALIZATION>                  (248,713)                                      
<DISTRIBUTIONS-OF-INCOME>       16,398,210                                     
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         2,394,681                                      
<NUMBER-OF-SHARES-REDEEMED>     6,019,299                                      
<SHARES-REINVESTED>             1,081,338                                      
<NET-CHANGE-IN-ASSETS>          42,834,401                                     
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       (20,147,738)                                   
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           3,177,204                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 5,939,166                                      
<AVERAGE-NET-ASSETS>            844,994,349                                    
<PER-SHARE-NAV-BEGIN>           10.980                                         
<PER-SHARE-NII>                 0.260                                          
<PER-SHARE-GAIN-APPREC>         0.620                                          
<PER-SHARE-DIVIDEND>            0.250                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             11.610                                         
<EXPENSE-RATIO>                 1.14                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   012                                            
     <NAME>                     Liberty Utility Fund, Inc.                     
                                Class B                                        
                                                                               
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Feb-28-1996                                    
<PERIOD-END>                    Aug-31-1995                                    
<INVESTMENTS-AT-COST>           793,390,943                                    
<INVESTMENTS-AT-VALUE>          856,861,083                                    
<RECEIVABLES>                   9,614,831                                      
<ASSETS-OTHER>                  24,996                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  866,500,910                                    
<PAYABLE-FOR-SECURITIES>        1,779,823                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       2,032,528                                      
<TOTAL-LIABILITIES>             3,812,351                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        799,287,015                                    
<SHARES-COMMON-STOCK>           4,277,437                                      
<SHARES-COMMON-PRIOR>           1,711,022                                      
<ACCUMULATED-NII-CURRENT>       1,227,124                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (1,294,199)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        63,468,619                                     
<NET-ASSETS>                    49,035,535                                     
<DIVIDEND-INCOME>               22,184,831                                     
<INTEREST-INCOME>               2,465,218                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  5,181,929                                      
<NET-INVESTMENT-INCOME>         19,468,120                                     
<REALIZED-GAINS-CURRENT>        18,853,539                                     
<APPREC-INCREASE-CURRENT>       26,226,713                                     
<NET-CHANGE-FROM-OPS>           64,548,372                                     
<EQUALIZATION>                  (248,713)                                      
<DISTRIBUTIONS-OF-INCOME>       504,539                                        
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         2,618,714                                      
<NUMBER-OF-SHARES-REDEEMED>     136,660                                        
<SHARES-REINVESTED>             34,361                                         
<NET-CHANGE-IN-ASSETS>          42,834,401                                     
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       (20,147,738)                                   
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           3,177,204                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 5,939,166                                      
<AVERAGE-NET-ASSETS>            844,994,349                                    
<PER-SHARE-NAV-BEGIN>           10.980                                         
<PER-SHARE-NII>                 0.270                                          
<PER-SHARE-GAIN-APPREC>         0.560                                          
<PER-SHARE-DIVIDEND>            0.210                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             11.600                                         
<EXPENSE-RATIO>                 1.90                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   013                                            
     <NAME>                     Liberty Utility Fund, Inc.                     
                                Class C                                        
                                                                               
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Feb-28-1996                                    
<PERIOD-END>                    Aug-31-1995                                    
<INVESTMENTS-AT-COST>           793,390,943                                    
<INVESTMENTS-AT-VALUE>          856,861,083                                    
<RECEIVABLES>                   9,614,831                                      
<ASSETS-OTHER>                  24,996                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  866,500,910                                    
<PAYABLE-FOR-SECURITIES>        1,779,823                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       2,032,528                                      
<TOTAL-LIABILITIES>             3,812,351                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        799,287,015                                    
<SHARES-COMMON-STOCK>           5,076,233                                      
<SHARES-COMMON-PRIOR>           5,357,620                                      
<ACCUMULATED-NII-CURRENT>       1,227,124                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (1,294,199)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        63,468,619                                     
<NET-ASSETS>                    58,861,310                                     
<DIVIDEND-INCOME>               22,184,831                                     
<INTEREST-INCOME>               2,465,218                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  5,181,929                                      
<NET-INVESTMENT-INCOME>         19,468,120                                     
<REALIZED-GAINS-CURRENT>        18,853,539                                     
<APPREC-INCREASE-CURRENT>       26,226,713                                     
<NET-CHANGE-FROM-OPS>           64,548,372                                     
<EQUALIZATION>                  (248,713)                                      
<DISTRIBUTIONS-OF-INCOME>       1,089,534                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         619,229                                        
<NUMBER-OF-SHARES-REDEEMED>     950,738                                        
<SHARES-REINVESTED>             50,122                                         
<NET-CHANGE-IN-ASSETS>          42,834,401                                     
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<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 5,939,166                                      
<AVERAGE-NET-ASSETS>            844,994,349                                    
<PER-SHARE-NAV-BEGIN>           10.980                                         
<PER-SHARE-NII>                 0.220                                          
<PER-SHARE-GAIN-APPREC>         0.610                                          
<PER-SHARE-DIVIDEND>            0.210                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             11.600                                         
<EXPENSE-RATIO>                 1.85                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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