PILGRIM PRIME RATE TRUST
NSAR-B, 1996-04-17
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<PAGE>      PAGE  1
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<PAGE>      PAGE  2
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SIGNATURE   MICHAEL J ROLAND                             
TITLE       SENIOR V.P.         
 


<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          FEB-29-1996
<PERIOD-END>                               FEB-29-1996
<INVESTMENTS-AT-COST>                      859,664,840
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<RECEIVABLES>                                8,935,841
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<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                          6,526,637
<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-PRIOR>                       89,793,828
<ACCUMULATED-NII-CURRENT>                    9,110,584
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
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</TABLE>


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