<PAGE> PAGE 1
000 A000000 03/31/94
000 C000000 0000825557
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 KEYSTONE AMERICA GLOBAL OPPORTUNITIES
001 B000000 811-5404
001 C000000 6173383200
002 A000000 200 BERKELEY STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02116
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
020 A000001 KOKUSAI SECURITIES
020 B000001 13-3431243
020 C000001 121
020 A000002 SUN HUNG KAI
020 B000002 13-3080058
020 C000002 40
020 A000003 BARING SECURITES
020 B000003 04-2455153
020 C000003 40
020 A000004 KLEIWORT BENSON
020 B000004 13-2647786
020 C000004 26
020 A000005 PRUDENTIAL SECURITIES
020 B000005 22-2347336
020 C000005 18
020 A000006 S.G. WARBURG & CO. INC.
020 B000006 13-3340045
020 C000006 18
020 A000007 INSTINET
020 B000007 13-3443395
020 C000007 15
020 A000008 BAIN SECURITIES
020 C000008 11
020 A000009 STANDARD CHARTED BANK
020 C000009 7
020 A000010 PAINE WEBBER JACKSON
020 B000010 13-2638166
020 C000010 7
021 000000 303
<PAGE> PAGE 2
022 A000001 CARROLL MCENTEE & MCGINLEY
022 B000001 13-2650272
022 C000001 444211
022 D000001 0
022 A000002 LINCOLN INVESTMENTS
022 C000002 126703
022 D000002 0
022 A000003 KIDDDER PEABODY
022 B000003 13-3589747
022 C000003 108430
022 D000003 355
022 A000004 GOLDMAN SACHS
022 B000004 13-5108880
022 C000004 58778
022 D000004 0
022 A000005 PAINE WEBBER
022 B000005 13-2638166
022 C000005 57975
022 D000005 383
022 A000006 ABD SECURITIES
022 B000006 04-2442748
022 C000006 53178
022 D000006 0
022 A000007 SMITH BARNEY
022 B000007 13-1912900
022 C000007 44336
022 D000007 120
022 A000008 NEUBERGER & BERMAN
022 B000008 13-5521910
022 C000008 26869
022 D000008 0
022 A000009 ADAMS HART
022 C000009 16244
022 D000009 0
022 A000010 BARNETT/NF
022 C000010 9369
022 D000010 0
023 C000000 946093
023 D000000 858
028 A010000 29645
028 A020000 542
028 A030000 0
028 A040000 1060
028 B010000 20831
028 B020000 0
028 B030000 0
028 B040000 2168
028 C010000 19450
028 C020000 0
028 C030000 0
028 C040000 1270
<PAGE> PAGE 3
028 D010000 20041
028 D020000 0
028 D030000 0
028 D040000 1125
028 E010000 22423
028 E020000 0
028 E030000 0
028 E040000 1828
028 F010000 22535
028 F020000 0
028 F030000 0
028 F040000 5281
028 G010000 134925
028 G020000 542
028 G030000 0
028 G040000 12732
028 H000000 0
029 000000 Y
030 A000000 1811
030 B000000 5.75
030 C000000 0.00
031 A000000 34
031 B000000 0
032 000000 1777
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 421
044 000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
<PAGE> PAGE 4
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
071 A000000 125408
071 B000000 16671
071 C000000 110290
071 D000000 15
072 A000000 6
072 B000000 119
072 C000000 376
072 D000000 0
072 E000000 0
072 F000000 593
072 G000000 0
072 H000000 0
072 I000000 46
072 J000000 15
072 K000000 0
072 L000000 9
072 M000000 0
072 N000000 30
072 O000000 55
072 P000000 0
072 Q000000 11
072 R000000 5
072 S000000 1
072 T000000 421
072 U000000 0
072 V000000 0
072 W000000 2
072 X000000 1188
072 Y000000 55
072 Z000000 -638
072AA000000 0
072BB000000 233
072CC010000 13426
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 654
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.1600
073 C000000 0.0000
<PAGE> PAGE 5
074 A000000 1
074 B000000 15766
074 C000000 0
074 D000000 0
074 E000000 0
074 F000000 163579
074 G000000 0
074 H000000 0
074 I000000 289
074 J000000 4073
074 K000000 0
074 L000000 235
074 M000000 334
074 N000000 184277
074 O000000 6631
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 1038
074 S000000 0
074 T000000 176608
074 U010000 3145
074 U020000 0
074 V010000 18.92
074 V020000 18.77
074 W000000 0.0000
074 X000000 11862
074 Y000000 0
075 A000000 0
075 B000000 110290
076 000000 0.00
077 A000000 Y
SIGNATURE KEVIN J. MORRISSEY
TITLE ASSISTANT TREASURER