<PAGE> PAGE 1
000 A000000 03/31/96
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
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 KEYSTONE INVESTMENT MANAGEMENT COMPANY
008 B000001 A
008 C000001 801-8327
008 D010001 BOSTON
008 D020001 MA
008 D030001 02110
011 A000001 KEYSTONE INVESTMENT DISTRIBUTORS, COMPANY
011 B000001 8-395
011 C010001 BOSTON
011 C020001 MA
011 C030001 02110
012 A000001 KEYSTONE INVESTOR RESOURCE CENTER
012 B000001 84-1571
012 C010001 CAMBRIDGE
012 C020001 MA
012 C030001 02142
013 A000001 KPMG PEAT MARWICK
013 B010001 BOSTON
013 B020001 MA
<PAGE> PAGE 2
013 B030001 02108
020 A000001 KOKUSAI SECURITIES
020 B000001 13-3431243
020 C000001 119
020 A000002 JARDINE FLEMING
020 C000002 78
020 A000003 NOMURA SECURITIES
020 C000003 43
020 A000004 MERRILL LYNCH
020 B000004 13-5670485
020 C000004 39
020 A000005 WARBURG SECURITIES
020 B000005 13-3340045
020 C000005 37
020 A000006 MORGAN GRENFELL
020 C000006 35
020 A000007 BARING SECURITIES
020 B000007 04-2455153
020 C000007 34
020 A000008 SGE DELAHAYE
020 C000008 32
020 A000009 NEWBRIDGE SECURITIES
020 B000009 13-3214963
020 C000009 31
020 A000010 BAIN SECURITIES
020 C000010 30
021 000000 888
022 A000001 GOLDMAN SACHS
022 B000001 13-5108880
022 C000001 609719
022 D000001 2020
022 A000002 PRUDENTIAL BACHE
022 B000002 22-2349336
022 C000002 179737
022 D000002 3288
022 A000003 SMITH BARNEY
022 B000003 13-9129000
022 C000003 8788
022 D000003 6468
022 A000004 BEAR & STEARNS
022 C000004 9108
022 D000004 6032
022 A000005 ALEX BROWN
022 C000005 6619
022 D000005 5104
022 A000006 NOMURA SECURITIES
022 C000006 11050
022 D000006 0
022 A000007 MORGAN STANLEY
022 B000007 13-2655998
022 C000007 1623
<PAGE> PAGE 3
022 D000007 9327
022 A000008 PAINE WEBBER INC.
022 B000008 13-2630166
022 C000008 7194
022 D000008 1729
022 A000009 ROBERTSON & STEPHENS
022 C000009 3288
022 D000009 5403
022 A000010 MONTGOMERY SECURITIES
022 C000010 7598
022 D000010 259
023 C000000 3478348
023 D000000 86835
024 000000 N
028 A010000 20734
028 A020000 0
028 A030000 0
028 A040000 10853
028 B010000 30225
028 B020000 0
028 B030000 0
028 B040000 4126
028 C010000 24904
028 C020000 0
028 C030000 0
028 C040000 7744
028 D010000 31401
028 D020000 0
028 D030000 0
028 D040000 6858
028 E010000 32016
028 E020000 0
028 E030000 0
028 E040000 6099
028 F010000 138541
028 F020000 0
028 F030000 0
028 F040000 7159
028 G010000 277821
028 G020000 0
028 G030000 0
028 G040000 42839
028 H000000 145901
029 000000 Y
030 A000000 1334
030 B000000 5.75
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 1334
033 000000 0
<PAGE> PAGE 4
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 1949
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 200000
048 A020000 1.000
048 B010000 200000
048 B020000 0.950
048 C010000 200000
048 C020000 0.850
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 600000
048 K020000 0.750
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
062 A000000 N
062 B000000 0.0
062 C000000 0.0
<PAGE> PAGE 5
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
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
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 Y
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 Y
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 Y
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 Y
070 L010000 Y
<PAGE> PAGE 6
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 342795
071 B000000 150078
071 C000000 465812
071 D000000 32
072 A000000 6
072 B000000 780
072 C000000 1431
072 D000000 0
072 E000000 0
072 F000000 2255
072 G000000 0
072 H000000 0
072 I000000 858
072 J000000 232
072 K000000 0
072 L000000 31
072 M000000 16
072 N000000 92
072 O000000 0
072 P000000 0
072 Q000000 16
072 R000000 15
072 S000000 7
072 T000000 1949
072 U000000 0
072 V000000 0
072 W000000 19
072 X000000 5490
072 Y000000 54
072 Z000000 -3225
072AA000000 29881
072BB000000 0
072CC010000 93415
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
<PAGE> PAGE 7
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 1
074 B000000 62609
074 C000000 0
074 D000000 0
074 E000000 0
074 F000000 623093
074 G000000 0
074 H000000 0
074 I000000 215
074 J000000 1374
074 K000000 0
074 L000000 6816
074 M000000 17
074 N000000 694125
074 O000000 18034
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 648
074 S000000 0
074 T000000 675443
074 U010000 9779
074 U020000 18442
074 V010000 24.28
074 V020000 23.78
074 W000000 0.0000
074 X000000 33688
074 Y000000 0
075 A000000 0
075 B000000 475045
076 000000 0.00
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
<PAGE> PAGE 8
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 B000000 SEDGWICK
080 C000000 35000
081 A000000 Y
081 B000000 39
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 N
085 B000000 N
SIGNATURE J. KEVIN KENELY
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> KEYSTONE GLOBAL OPPORTUNITIES FUND CLASS A
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-01-1995
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 592,450,877
<INVESTMENTS-AT-VALUE> 685,917,544
<RECEIVABLES> 8,190,449
<ASSETS-OTHER> 17,383
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 694,125,376
<PAYABLE-FOR-SECURITIES> 18,033,670
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 649,121
<TOTAL-LIABILITIES> 18,682,791
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 203,276,027
<SHARES-COMMON-STOCK> 9,779,131
<SHARES-COMMON-PRIOR> 4,040,958
<ACCUMULATED-NII-CURRENT> (639,941)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,758,266
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 30,041,059
<NET-ASSETS> 237,435,412
<DIVIDEND-INCOME> 385,129
<INTEREST-INCOME> 185,885
<OTHER-INCOME> 0
<EXPENSES-NET> (948,589)
<NET-INVESTMENT-INCOME> (377,575)
<REALIZED-GAINS-CURRENT> 6,587,072
<APPREC-INCREASE-CURRENT> 10,979
<NET-CHANGE-FROM-OPS> 6,220,476
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,144,664
<NUMBER-OF-SHARES-REDEEMED> (406,491)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 142,757,193
<ACCUMULATED-NII-PRIOR> (262,365)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (525,632)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (961,115)
<AVERAGE-NET-ASSETS> 110,349,744
<PER-SHARE-NAV-BEGIN> 23.43
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 0.88
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 24.28
<EXPENSE-RATIO> 1.74
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 102
<NAME> KEYSTONE GLOBAL OPPORTUNITIES FUND CLASS B
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-01-1995
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 592,450,877
<INVESTMENTS-AT-VALUE> 685,917,544
<RECEIVABLES> 8,190,449
<ASSETS-OTHER> 17,383
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 694,125,376
<PAYABLE-FOR-SECURITIES> 18,033,670
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 649,121
<TOTAL-LIABILITIES> 18,682,791
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 271,527,905
<SHARES-COMMON-STOCK> 13,772,412
<SHARES-COMMON-PRIOR> 10,363,289
<ACCUMULATED-NII-CURRENT> (4,077,489)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13,307,426
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 46,191,909
<NET-ASSETS> 326,949,750
<DIVIDEND-INCOME> 778,799
<INTEREST-INCOME> 441,811
<OTHER-INCOME> 0
<EXPENSES-NET> (3,330,453)
<NET-INVESTMENT-INCOME> (2,109,842)
<REALIZED-GAINS-CURRENT> 17,271,478
<APPREC-INCREASE-CURRENT> (4,052,099)
<NET-CHANGE-FROM-OPS> 11,109,537
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,550,638
<NUMBER-OF-SHARES-REDEEMED> (1,141,516)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 88,628,191
<ACCUMULATED-NII-PRIOR> (1,967,646)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (1,283,675)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (3,361,171)
<AVERAGE-NET-ASSETS> 270,642,495
<PER-SHARE-NAV-BEGIN> 23.00
<PER-SHARE-NII> (0.12)
<PER-SHARE-GAIN-APPREC> 0.86
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 23.74
<EXPENSE-RATIO> 2.49
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 103
<NAME> KEYSTONE GLOBAL OPPORTUNITIES FUND CLASS C
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-01-1995
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 592,450,877
<INVESTMENTS-AT-VALUE> 685,917,544
<RECEIVABLES> 8,190,449
<ASSETS-OTHER> 17,383
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 694,125,376
<PAYABLE-FOR-SECURITIES> 18,033,670
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 649,121
<TOTAL-LIABILITIES> 18,682,791
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 90,801,991
<SHARES-COMMON-STOCK> 4,670,096
<SHARES-COMMON-PRIOR> 3,747,906
<ACCUMULATED-NII-CURRENT> (1,468,735)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,494,150
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17,230,017
<NET-ASSETS> 111,057,422
<DIVIDEND-INCOME> 266,826
<INTEREST-INCOME> 152,620
<OTHER-INCOME> 0
<EXPENSES-NET> (1,157,251)
<NET-INVESTMENT-INCOME> (737,806)
<REALIZED-GAINS-CURRENT> 6,022,907
<APPREC-INCREASE-CURRENT> (1,493,771)
<NET-CHANGE-FROM-OPS> 3,791,330
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,271,939
<NUMBER-OF-SHARES-REDEEMED> (349,749)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 24,719,071
<ACCUMULATED-NII-PRIOR> (730,928)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (446,053)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (1,167,926)
<AVERAGE-NET-ASSETS> 94,052,298
<PER-SHARE-NAV-BEGIN> 23.04
<PER-SHARE-NII> (0.13)
<PER-SHARE-GAIN-APPREC> 0.87
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 23.78
<EXPENSE-RATIO> 2.49
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
