<PAGE> PAGE 1
000 B000000 10/31/95
000 C000000 0000817982
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 QUEST FOR VALUE FAMILY OF FUNDS
001 B000000 811-5225
001 C000000 2125041667
002 A000000 33 MAIDEN LANE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10038
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 9
007 C010100 1
007 C020100 US GOVERNMENT INCOME FUND
007 C030100 Y
007 C010200 2
007 C020200 SMALL CAPITALIZATION FUND
007 C030200 N
007 C010300 3
007 C020300 OPPORTUNITY FUND
007 C030300 N
007 C010400 4
007 C010500 5
007 C020500 NATIONAL TAX-EXEMPT FUND
007 C030500 N
007 C010600 6
007 C020600 CALIFORNIA TAX-EXEMPT FUND
007 C030600 N
007 C010700 7
007 C020700 NEW YORK TAX EXEMPT-FUND
007 C030700 N
007 C010800 8
007 C020800 INVESTMENT QUALITY INCOME FUND
007 C030800 Y
007 C010900 9
007 C020900 GROWTH AND INOME FUND
007 C030900 N
007 C011000 10
007 C021000 OFFICERS FUND
007 C031000 N
077 A000000 Y
<PAGE> PAGE 2
077 B000000 Y
077 C000000 Y
077 P000000 Y
077 Q010000 Y
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE CO.
080 C00AA00 13175
081 A00AA00 Y
081 B00AA00 32
082 A00AA00 N
082 B00AA00 0
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
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 24.6
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 -0.1
062 L000100 0.0
062 M000100 30.4
062 N000100 44.2
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
071 A000100 259064
071 B000100 304566
071 C000100 105641
071 D000100 245
<PAGE> PAGE 3
072 A000100 12
072 B000100 8895
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 756
072 G000100 0
072 H000100 0
072 Y000100 0
072 Z000100 7233
072AA000100 0
072BB000100 3743
072CC010100 9333
072CC020100 0
072DD010100 6680
072DD020100 554
072EE000100 150
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0126
073 C000100 0.0000
074 N000100 115692
074 T000100 115242
075 A000100 0
075 B000100 125981
076 000100 0.00
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
071 A000200 92531
071 B000200 99613
071 C000200 121682
071 D000200 76
072 A000200 12
074 A000200 555
074 B000200 0
<PAGE> PAGE 4
074 C000200 22540
074 D000200 2014
074 E000200 221
074 F000200 125524
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 1519
074 K000200 0
074 L000200 565
074 M000200 12
074 N000200 152950
074 T000200 148815
075 A000200 0
075 B000200 145659
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
071 A000300 350805
071 B000300 67743
071 C000300 316763
071 D000300 21
072 A000300 12
074 N000300 650986
074 O000300 15311
074 P000300 323
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 841
074 S000300 0
074 T000300 634511
074 U010300 14934
074 U020300 10986
074 V010300 0.00
<PAGE> PAGE 5
074 V020300 0.00
074 W000300 0.0000
074 X000300 34345
074 Y000300 0
075 A000300 0
075 B000300 392316
076 000300 0.00
062 A000800 Y
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 4.5
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 93.6
062 Q000800 0.0
062 R000800 0.0
071 A000800 5329
071 B000800 4276
071 C000800 53634
071 D000800 8
072 A000800 12
074 N000800 62565
074 T000800 62189
075 A000800 0
075 B000800 58643
076 000800 0.00
062 A000900 N
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
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
<PAGE> PAGE 6
062 Q000900 0.0
062 R000900 0.0
071 A000900 54163
071 B000900 41657
071 C000900 32033
071 D000900 130
072 A000900 12
074 N000900 46664
074 T000900 46533
075 A000900 0
075 B000900 39210
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
071 A001000 3806
071 B001000 2226
071 C001000 2057
071 D001000 108
072 A001000 12
072 B001000 44
072 C001000 25
072 D001000 0
072 E001000 0
072 F001000 28
072 G001000 0
072 H001000 0
074 N001000 4171
074 T001000 3647
075 A001000 0
075 B001000 2873
076 001000 0.00
SIGNATURE LESLIE KLEIN
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000817982
<NAME> OPPENHEIMER QUEST SMALL CAP VALUE FUND A
<SERIES>
<NUMBER> 021
<NAME> OPPENHEIMER QUEST FOR VALUE FUNDS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 141711266
<INVESTMENTS-AT-VALUE> 150298607
<RECEIVABLES> 2084153
<ASSETS-OTHER> 567021
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 152949781
<PAYABLE-FOR-SECURITIES> 3596750
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 538033
<TOTAL-LIABILITIES> 4134783
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 131595781
<SHARES-COMMON-STOCK> 6717417
<SHARES-COMMON-PRIOR> 7353210
<ACCUMULATED-NII-CURRENT> 817130
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7814746
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8587341
<NET-ASSETS> 148814998
<DIVIDEND-INCOME> 1902266
<INTEREST-INCOME> 1684966
<OTHER-INCOME> 0
<EXPENSES-NET> 2768664
<NET-INVESTMENT-INCOME> 818568
<REALIZED-GAINS-CURRENT> 8543743
<APPREC-INCREASE-CURRENT> 3040965
<NET-CHANGE-FROM-OPS> 12403276
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 3010761
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2307655
<NUMBER-OF-SHARES-REDEEMED> 3125095
<SHARES-REINVESTED> 181647
<NET-CHANGE-IN-ASSETS> 9225198
<ACCUMULATED-NII-PRIOR> (238336)
<ACCUMULATED-GAINS-PRIOR> 3366835
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1456594
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2768664
<AVERAGE-NET-ASSETS> 119440010
<PER-SHARE-NAV-BEGIN> 16.33
<PER-SHARE-NII> .11
<PER-SHARE-GAIN-APPREC> 1.29
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .42
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.31
<EXPENSE-RATIO> 1.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000817982
<NAME> OPPENHEIMER QUEST SMALL CAP VALUE FUND B
<SERIES>
<NUMBER> 022
<NAME> OPPENHEIMER QUEST FOR VALUE FUNDS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 141711266
<INVESTMENTS-AT-VALUE> 150298607
<RECEIVABLES> 2084153
<ASSETS-OTHER> 567021
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 152949781
<PAYABLE-FOR-SECURITIES> 3596750
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 538033
<TOTAL-LIABILITIES> 4134783
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 131595781
<SHARES-COMMON-STOCK> 1369612
<SHARES-COMMON-PRIOR> 994342
<ACCUMULATED-NII-CURRENT> 817130
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7814746
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8587341
<NET-ASSETS> 148814998
<DIVIDEND-INCOME> 1902266
<INTEREST-INCOME> 1684966
<OTHER-INCOME> 0
<EXPENSES-NET> 2768664
<NET-INVESTMENT-INCOME> 818568
<REALIZED-GAINS-CURRENT> 8543743
<APPREC-INCREASE-CURRENT> 3040965
<NET-CHANGE-FROM-OPS> 12403276
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 434007
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 620242
<NUMBER-OF-SHARES-REDEEMED> 271244
<SHARES-REINVESTED> 26272
<NET-CHANGE-IN-ASSETS> 9225198
<ACCUMULATED-NII-PRIOR> (238336)
<ACCUMULATED-GAINS-PRIOR> 3366835
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1456594
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2768664
<AVERAGE-NET-ASSETS> 20105476
<PER-SHARE-NAV-BEGIN> 16.24
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 1.27
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .42
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.11
<EXPENSE-RATIO> 2.37
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000817982
<NAME> OPPENHEIMER QUEST SMALL CAP VALUE FUND C
<SERIES>
<NUMBER> 023
<NAME> OPPENHEIMER QUEST FOR VALUE FUNDS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 141711266
<INVESTMENTS-AT-VALUE> 150298607
<RECEIVABLES> 2084153
<ASSETS-OTHER> 567021
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 152949781
<PAYABLE-FOR-SECURITIES> 3596750
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 538033
<TOTAL-LIABILITIES> 4134783
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 131595781
<SHARES-COMMON-STOCK> 529946
<SHARES-COMMON-PRIOR> 206006
<ACCUMULATED-NII-CURRENT> 817130
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7814746
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8587341
<NET-ASSETS> 148814998
<DIVIDEND-INCOME> 1902266
<INTEREST-INCOME> 1684966
<OTHER-INCOME> 0
<EXPENSES-NET> 2768664
<NET-INVESTMENT-INCOME> 818568
<REALIZED-GAINS-CURRENT> 8543743
<APPREC-INCREASE-CURRENT> 3040965
<NET-CHANGE-FROM-OPS> 12403276
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 91772
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 389503
<NUMBER-OF-SHARES-REDEEMED> 71284
<SHARES-REINVESTED> 5721
<NET-CHANGE-IN-ASSETS> 9225198
<ACCUMULATED-NII-PRIOR> (238336)
<ACCUMULATED-GAINS-PRIOR> 3366835
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1456594
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2768664
<AVERAGE-NET-ASSETS> 6113900
<PER-SHARE-NAV-BEGIN> 16.23
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 1.29
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .42
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.11
<EXPENSE-RATIO> 2.38
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000817982
<NAME> OPPENHEIMER QUEST OPPORTUNITY VALUE FUND A
<SERIES>
<NUMBER> 031
<NAME> OPPENHEIMER QUEST FOR VALUE FUNDS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 542282713
<INVESTMENTS-AT-VALUE> 641676243
<RECEIVABLES> 8740138
<ASSETS-OTHER> 569530
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 650985911
<PAYABLE-FOR-SECURITIES> 15310750
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1164047
<TOTAL-LIABILITIES> 16474797
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 523961187
<SHARES-COMMON-STOCK> 14934153
<SHARES-COMMON-PRIOR> 8295463
<ACCUMULATED-NII-CURRENT> 3043582
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8112815
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 99393530
<NET-ASSETS> 634511114
<DIVIDEND-INCOME> 5805392
<INTEREST-INCOME> 4798092
<OTHER-INCOME> 0
<EXPENSES-NET> 7395441
<NET-INVESTMENT-INCOME> 3208043
<REALIZED-GAINS-CURRENT> 8125065
<APPREC-INCREASE-CURRENT> 85013107
<NET-CHANGE-FROM-OPS> 96346215
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1066642
<DISTRIBUTIONS-OF-GAINS> 5314298
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9028138
<NUMBER-OF-SHARES-REDEEMED> 2718312
<SHARES-REINVESTED> 328864
<NET-CHANGE-IN-ASSETS> 420565369
<ACCUMULATED-NII-PRIOR> 1291867
<ACCUMULATED-GAINS-PRIOR> 7139720
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 1229
<GROSS-ADVISORY-FEES> 3923159
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7395441
<AVERAGE-NET-ASSETS> 251625672
<PER-SHARE-NAV-BEGIN> 19.69
<PER-SHARE-NII> .23
<PER-SHARE-GAIN-APPREC> 5.40
<PER-SHARE-DIVIDEND> .12
<PER-SHARE-DISTRIBUTIONS> .61
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 24.59
<EXPENSE-RATIO> 1.69
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000817982
<NAME> OPPENHEIMER QUEST OPPORTUNITY VALUE FUND B
<SERIES>
<NUMBER> 032
<NAME> OPPENHEIMER QUEST FOR VALUE FUNDS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 542282713
<INVESTMENTS-AT-VALUE> 641676243
<RECEIVABLES> 8740138
<ASSETS-OTHER> 569530
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 650985911
<PAYABLE-FOR-SECURITIES> 15310750
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1164047
<TOTAL-LIABILITIES> 16474797
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 523961187
<SHARES-COMMON-STOCK> 8945500
<SHARES-COMMON-PRIOR> 2211377
<ACCUMULATED-NII-CURRENT> 3043582
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8112815
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 99393530
<NET-ASSETS> 634511114
<DIVIDEND-INCOME> 5805392
<INTEREST-INCOME> 4798092
<OTHER-INCOME> 0
<EXPENSES-NET> 7395441
<NET-INVESTMENT-INCOME> 3208043
<REALIZED-GAINS-CURRENT> 8125065
<APPREC-INCREASE-CURRENT> 85013107
<NET-CHANGE-FROM-OPS> 96346215
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 335822
<DISTRIBUTIONS-OF-GAINS> 1562718
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7259921
<NUMBER-OF-SHARES-REDEEMED> 624721
<SHARES-REINVESTED> 98923
<NET-CHANGE-IN-ASSETS> 420565369
<ACCUMULATED-NII-PRIOR> 1291867
<ACCUMULATED-GAINS-PRIOR> 7139720
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 1229
<GROSS-ADVISORY-FEES> 3923159
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7395441
<AVERAGE-NET-ASSETS> 116522609
<PER-SHARE-NAV-BEGIN> 19.59
<PER-SHARE-NII> .11
<PER-SHARE-GAIN-APPREC> 5.36
<PER-SHARE-DIVIDEND> .12
<PER-SHARE-DISTRIBUTIONS> .61
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 24.33
<EXPENSE-RATIO> 2.21
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000817982
<NAME> OPPENHEIMER QUEST OPPORTUNITY VALUE FUND C
<SERIES>
<NUMBER> 033
<NAME> OPPENHEIMER QUEST FOR VALUE FUNDS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 542282713
<INVESTMENTS-AT-VALUE> 641676243
<RECEIVABLES> 8740138
<ASSETS-OTHER> 569530
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 650985911
<PAYABLE-FOR-SECURITIES> 15310750
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1164047
<TOTAL-LIABILITIES> 16474797
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 523961187
<SHARES-COMMON-STOCK> 2040801
<SHARES-COMMON-PRIOR> 372202
<ACCUMULATED-NII-CURRENT> 3043582
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8112815
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 99393530
<NET-ASSETS> 634511114
<DIVIDEND-INCOME> 5805392
<INTEREST-INCOME> 4798092
<OTHER-INCOME> 0
<EXPENSES-NET> 7395441
<NET-INVESTMENT-INCOME> 3208043
<REALIZED-GAINS-CURRENT> 8125065
<APPREC-INCREASE-CURRENT> 85013107
<NET-CHANGE-FROM-OPS> 96346215
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 56920
<DISTRIBUTIONS-OF-GAINS> 267734
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1828198
<NUMBER-OF-SHARES-REDEEMED> 176839
<SHARES-REINVESTED> 17240
<NET-CHANGE-IN-ASSETS> 420565369
<ACCUMULATED-NII-PRIOR> 1291867
<ACCUMULATED-GAINS-PRIOR> 7139720
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 1229
<GROSS-ADVISORY-FEES> 3923159
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7395441
<AVERAGE-NET-ASSETS> 24167608
<PER-SHARE-NAV-BEGIN> 19.58
<PER-SHARE-NII> .08
<PER-SHARE-GAIN-APPREC> 5.38
<PER-SHARE-DIVIDEND> .12
<PER-SHARE-DISTRIBUTIONS> .61
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 24.31
<EXPENSE-RATIO> 2.31
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000817982
<NAME> QUEST FOR INVESTMENT QUALITY INCOME FUND A
<SERIES>
<NUMBER> 081
<NAME> QUEST FOR VALUE FAMILY OF FUNDS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1995
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 56937821
<INVESTMENTS-AT-VALUE> 60996449
<RECEIVABLES> 1494850
<ASSETS-OTHER> 73458
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 62564757
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 375588
<TOTAL-LIABILITIES> 375588
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 59986205
<SHARES-COMMON-STOCK> 4144692
<SHARES-COMMON-PRIOR> 4851201
<ACCUMULATED-NII-CURRENT> (1302)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1441862)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3646128
<NET-ASSETS> 62189169
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4872959
<OTHER-INCOME> 0
<EXPENSES-NET> 921313
<NET-INVESTMENT-INCOME> 3951646
<REALIZED-GAINS-CURRENT> (488982)
<APPREC-INCREASE-CURRENT> 7336722
<NET-CHANGE-FROM-OPS> 10799386
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3164967
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 777291
<NUMBER-OF-SHARES-REDEEMED> 1706041
<SHARES-REINVESTED> 222241
<NET-CHANGE-IN-ASSETS> 6079018
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (952880)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 351860
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 963558
<AVERAGE-NET-ASSETS> 45868837
<PER-SHARE-NAV-BEGIN> 9.67
<PER-SHARE-NII> .71
<PER-SHARE-GAIN-APPREC> 1.21
<PER-SHARE-DIVIDEND> .71
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.88
<EXPENSE-RATIO> 1.44
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000817982
<NAME> QUEST FOR INVESTMENT QUALITY INCOME FUND B
<SERIES>
<NUMBER> 082
<NAME> QUEST FOR VALUE FAMILY OF FUNDS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 56937821
<INVESTMENTS-AT-VALUE> 60996449
<RECEIVABLES> 1494850
<ASSETS-OTHER> 73458
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 62564757
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 375588
<TOTAL-LIABILITIES> 375588
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 59986205
<SHARES-COMMON-STOCK> 1207703
<SHARES-COMMON-PRIOR> 682943
<ACCUMULATED-NII-CURRENT> (1302)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1441862)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3646128
<NET-ASSETS> 62189169
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4872959
<OTHER-INCOME> 0
<EXPENSES-NET> 921313
<NET-INVESTMENT-INCOME> 3951646
<REALIZED-GAINS-CURRENT> (488982)
<APPREC-INCREASE-CURRENT> 7336722
<NET-CHANGE-FROM-OPS> 10799386
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 586935
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 708238
<NUMBER-OF-SHARES-REDEEMED> 228114
<SHARES-REINVESTED> 44636
<NET-CHANGE-IN-ASSETS> 6079018
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (952880)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 351860
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 963558
<AVERAGE-NET-ASSETS> 9544915
<PER-SHARE-NAV-BEGIN> 9.67
<PER-SHARE-NII> .65
<PER-SHARE-GAIN-APPREC> 1.21
<PER-SHARE-DIVIDEND> .65
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.88
<EXPENSE-RATIO> 2.03
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000817982
<NAME> QUEST FOR VALUE INVESTMENT QUALITY INCOME FUND C
<SERIES>
<NUMBER> 083
<NAME> QUEST FOR VALUE FAMILY OF FUNDS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 56937821
<INVESTMENTS-AT-VALUE> 60996449
<RECEIVABLES> 1494850
<ASSETS-OTHER> 73458
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 62564757
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 375588
<TOTAL-LIABILITIES> 375588
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 59986205
<SHARES-COMMON-STOCK> 365603
<SHARES-COMMON-PRIOR> 267089
<ACCUMULATED-NII-CURRENT> (1302)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1441862)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3646128
<NET-ASSETS> 62189169
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4872959
<OTHER-INCOME> 0
<EXPENSES-NET> 921313
<NET-INVESTMENT-INCOME> 3951646
<REALIZED-GAINS-CURRENT> (488982)
<APPREC-INCREASE-CURRENT> 7336722
<NET-CHANGE-FROM-OPS> 10799386
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 199744
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 116706
<NUMBER-OF-SHARES-REDEEMED> 27176
<SHARES-REINVESTED> 8984
<NET-CHANGE-IN-ASSETS> 6079018
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (952880)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 351860
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 963558
<AVERAGE-NET-ASSETS> 3229501
<PER-SHARE-NAV-BEGIN> 9.67
<PER-SHARE-NII> .64
<PER-SHARE-GAIN-APPREC> 1.21
<PER-SHARE-DIVIDEND> .64
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.88
<EXPENSE-RATIO> 2.08
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000817982
<NAME> OPPENHEIMER QUEST GROWTH & INCOME VALUE FUND A
<SERIES>
<NUMBER> 091
<NAME> OPPENHEIMER QUEST FOR VALUE FUNDS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 43444409
<INVESTMENTS-AT-VALUE> 46175096
<RECEIVABLES> 409351
<ASSETS-OTHER> 80300
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 46664747
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 131388
<TOTAL-LIABILITIES> 131388
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 41529029
<SHARES-COMMON-STOCK> 3395059
<SHARES-COMMON-PRIOR> 3029071
<ACCUMULATED-NII-CURRENT> 62229
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2211414
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2730687
<NET-ASSETS> 46533359
<DIVIDEND-INCOME> 693240
<INTEREST-INCOME> 1089203
<OTHER-INCOME> 0
<EXPENSES-NET> 816632
<NET-INVESTMENT-INCOME> 965811
<REALIZED-GAINS-CURRENT> 2227731
<APPREC-INCREASE-CURRENT> 2324387
<NET-CHANGE-FROM-OPS> 5517929
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 917781
<DISTRIBUTIONS-OF-GAINS> 1275011
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 790817
<NUMBER-OF-SHARES-REDEEMED> 641530
<SHARES-REINVESTED> 216701
<NET-CHANGE-IN-ASSETS> 12574177
<ACCUMULATED-NII-PRIOR> 127460
<ACCUMULATED-GAINS-PRIOR> 1768686
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 207273
<GROSS-ADVISORY-FEES> 333289
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 824918
<AVERAGE-NET-ASSETS> 33396923
<PER-SHARE-NAV-BEGIN> 10.09
<PER-SHARE-NII> .27
<PER-SHARE-GAIN-APPREC> 1.27
<PER-SHARE-DIVIDEND> .29
<PER-SHARE-DISTRIBUTIONS> .42
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.92
<EXPENSE-RATIO> 1.99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000817982
<NAME> OPPENHEIMER QUEST GROWTH & INCOME VALUE FUND B
<SERIES>
<NUMBER> 092
<NAME> OPPENHEIMER QUEST FOR VALUE FUNDS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 43444409
<INVESTMENTS-AT-VALUE> 46175096
<RECEIVABLES> 409351
<ASSETS-OTHER> 80300
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 46664747
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 131388
<TOTAL-LIABILITIES> 131388
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 41529029
<SHARES-COMMON-STOCK> 700417
<SHARES-COMMON-PRIOR> 290685
<ACCUMULATED-NII-CURRENT> 62229
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2211414
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2730687
<NET-ASSETS> 46533359
<DIVIDEND-INCOME> 693240
<INTEREST-INCOME> 1089203
<OTHER-INCOME> 0
<EXPENSES-NET> 816632
<NET-INVESTMENT-INCOME> 965811
<REALIZED-GAINS-CURRENT> 2227731
<APPREC-INCREASE-CURRENT> 2324387
<NET-CHANGE-FROM-OPS> 5517929
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 105700
<DISTRIBUTIONS-OF-GAINS> 129812
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 438682
<NUMBER-OF-SHARES-REDEEMED> 51318
<SHARES-REINVESTED> 22368
<NET-CHANGE-IN-ASSETS> 12574177
<ACCUMULATED-NII-PRIOR> 127460
<ACCUMULATED-GAINS-PRIOR> 1768686
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 207273
<GROSS-ADVISORY-FEES> 333289
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 824918
<AVERAGE-NET-ASSETS> 4845598
<PER-SHARE-NAV-BEGIN> 10.07
<PER-SHARE-NII> .19
<PER-SHARE-GAIN-APPREC> 1.28
<PER-SHARE-DIVIDEND> .24
<PER-SHARE-DISTRIBUTIONS> .42
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.88
<EXPENSE-RATIO> 2.59
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000817982
<NAME> OPPENHEIMER QUEST GROWTH & INCOME VALUE FUND C
<SERIES>
<NUMBER> 093
<NAME> OPPENHEIMER QUEST FOR VALUE FUNDS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 43444409
<INVESTMENTS-AT-VALUE> 46175096
<RECEIVABLES> 409351
<ASSETS-OTHER> 80300
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 46664747
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 131388
<TOTAL-LIABILITIES> 131388
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 41529029
<SHARES-COMMON-STOCK> 167833
<SHARES-COMMON-PRIOR> 45206
<ACCUMULATED-NII-CURRENT> 62229
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2211414
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2730687
<NET-ASSETS> 46533359
<DIVIDEND-INCOME> 693240
<INTEREST-INCOME> 1089203
<OTHER-INCOME> 0
<EXPENSES-NET> 816632
<NET-INVESTMENT-INCOME> 965811
<REALIZED-GAINS-CURRENT> 2227731
<APPREC-INCREASE-CURRENT> 2324387
<NET-CHANGE-FROM-OPS> 5517929
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 17697
<DISTRIBUTIONS-OF-GAINS> 20124
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 140694
<NUMBER-OF-SHARES-REDEEMED> 21778
<SHARES-REINVESTED> 3711
<NET-CHANGE-IN-ASSETS> 12574177
<ACCUMULATED-NII-PRIOR> 127460
<ACCUMULATED-GAINS-PRIOR> 1768686
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 207273
<GROSS-ADVISORY-FEES> 333289
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 824918
<AVERAGE-NET-ASSETS> 967910
<PER-SHARE-NAV-BEGIN> 10.07
<PER-SHARE-NII> .15
<PER-SHARE-GAIN-APPREC> 1.30
<PER-SHARE-DIVIDEND> .21
<PER-SHARE-DISTRIBUTIONS> .42
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.89
<EXPENSE-RATIO> 2.88
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000817982
<NAME> OPPENHEIMER QUEST OFFICERS VALUE FUND A
<SERIES>
<NUMBER> 010
<NAME> OPPENHEIMER QUEST FOR VALUE FUNDS
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-08-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 3441361
<INVESTMENTS-AT-VALUE> 3735988
<RECEIVABLES> 406116
<ASSETS-OTHER> 28647
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4170751
<PAYABLE-FOR-SECURITIES> 506176
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 18007
<TOTAL-LIABILITIES> 524183
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3032923
<SHARES-COMMON-STOCK> 296399
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 61380
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 257638
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 294627
<NET-ASSETS> 3646568
<DIVIDEND-INCOME> 24804
<INTEREST-INCOME> 44042
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 68846
<REALIZED-GAINS-CURRENT> 257638
<APPREC-INCREASE-CURRENT> 294627
<NET-CHANGE-FROM-OPS> 621111
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 7466
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 339572
<NUMBER-OF-SHARES-REDEEMED> 43886
<SHARES-REINVESTED> 713
<NET-CHANGE-IN-ASSETS> 3646568
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 28182
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 55649
<AVERAGE-NET-ASSETS> 2873318
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .24
<PER-SHARE-GAIN-APPREC> 2.10
<PER-SHARE-DIVIDEND> .04
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.30
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000817982
<NAME> QUEST FOR VALUE U.S. GOVERNMENT INCOME FUND A
<SERIES>
<NUMBER> 011
<NAME> QUEST FOR VALUE FAMILY OF FUNDS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 114221226
<INVESTMENTS-AT-VALUE> 114291544
<RECEIVABLES> 1222748
<ASSETS-OTHER> 177319
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 115691611
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 449844
<TOTAL-LIABILITIES> 449844
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 124705922
<SHARES-COMMON-STOCK> 9111820
<SHARES-COMMON-PRIOR> 11418654
<ACCUMULATED-NII-CURRENT> (100543)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9449554)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 85942
<NET-ASSETS> 115241767
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 8894940
<OTHER-INCOME> 0
<EXPENSES-NET> 1662210
<NET-INVESTMENT-INCOME> 7232730
<REALIZED-GAINS-CURRENT> (3743302)
<APPREC-INCREASE-CURRENT> 9332957
<NET-CHANGE-FROM-OPS> 12822385
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6680576
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 140061
<NUMBER-OF-SHARES-SOLD> 1685034
<NUMBER-OF-SHARES-REDEEMED> 4526190
<SHARES-REINVESTED> 534322
<NET-CHANGE-IN-ASSETS> (16052029)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (5000871)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 297461
<GROSS-ADVISORY-FEES> 755883
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1662210
<AVERAGE-NET-ASSETS> 114946501
<PER-SHARE-NAV-BEGIN> 10.79
<PER-SHARE-NII> .64
<PER-SHARE-GAIN-APPREC> .49
<PER-SHARE-DIVIDEND> .64
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> .01
<PER-SHARE-NAV-END> 11.27
<EXPENSE-RATIO> 1.26
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000817982
<NAME> QUEST FOR VALUE U.S. GOVERNMENT INCOME FUND B
<SERIES>
<NUMBER> 012
<NAME> QUEST FOR VALUE FAMILY OF FUNDS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 114221226
<INVESTMENTS-AT-VALUE> 114291544
<RECEIVABLES> 1222748
<ASSETS-OTHER> 177319
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 115691611
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 449844
<TOTAL-LIABILITIES> 449844
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 124705922
<SHARES-COMMON-STOCK> 855263
<SHARES-COMMON-PRIOR> 631471
<ACCUMULATED-NII-CURRENT> (100543)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9449554)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 85942
<NET-ASSETS> 115241767
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 8894940
<OTHER-INCOME> 0
<EXPENSES-NET> 1662210
<NET-INVESTMENT-INCOME> 7232730
<REALIZED-GAINS-CURRENT> (3743302)
<APPREC-INCREASE-CURRENT> 9332957
<NET-CHANGE-FROM-OPS> 12822385
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 464033
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 8675
<NUMBER-OF-SHARES-SOLD> 467177
<NUMBER-OF-SHARES-REDEEMED> 272297
<SHARES-REINVESTED> 28912
<NET-CHANGE-IN-ASSETS> (16052029)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (5000871)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 297461
<GROSS-ADVISORY-FEES> 755883
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1662210
<AVERAGE-NET-ASSETS> 9210406
<PER-SHARE-NAV-BEGIN> 10.79
<PER-SHARE-NII> .56
<PER-SHARE-GAIN-APPREC> .49
<PER-SHARE-DIVIDEND> .56
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> .01
<PER-SHARE-NAV-END> 11.27
<EXPENSE-RATIO> 1.94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000817982
<NAME> QUEST FOR VALUE U.S. GOVERNMENT INCOME FUND C
<SERIES>
<NUMBER> 013
<NAME> QUEST FOR VALUE FAMILY OF FUNDS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 114221226
<INVESTMENTS-AT-VALUE> 114291544
<RECEIVABLES> 1222748
<ASSETS-OTHER> 177319
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 115691611
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 449844
<TOTAL-LIABILITIES> 449844
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 124705922
<SHARES-COMMON-STOCK> 255735
<SHARES-COMMON-PRIOR> 113464
<ACCUMULATED-NII-CURRENT> (100543)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9449554)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 85942
<NET-ASSETS> 115241767
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 8894940
<OTHER-INCOME> 0
<EXPENSES-NET> 1662210
<NET-INVESTMENT-INCOME> 7232730
<REALIZED-GAINS-CURRENT> (3743302)
<APPREC-INCREASE-CURRENT> 9332957
<NET-CHANGE-FROM-OPS> 12822385
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 89583
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 1431
<NUMBER-OF-SHARES-SOLD> 182514
<NUMBER-OF-SHARES-REDEEMED> 47976
<SHARES-REINVESTED> 7733
<NET-CHANGE-IN-ASSETS> (16052029)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (5000871)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 297461
<GROSS-ADVISORY-FEES> 755883
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1662210
<AVERAGE-NET-ASSETS> 1823599
<PER-SHARE-NAV-BEGIN> 10.79
<PER-SHARE-NII> .55
<PER-SHARE-GAIN-APPREC> .49
<PER-SHARE-DIVIDEND> .55
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> .01
<PER-SHARE-NAV-END> 11.27
<EXPENSE-RATIO> 2.06
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
