<PAGE> PAGE 1
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008 B000001 A
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008 D010001 PHOENIX
008 D020001 AZ
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008 D040001 4424
010 A000001 PILGRIM GROUP, INC.
010 C010001 PHOENIX
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011 A000001 PILGRIM SECURITIES, INC.
011 B000001 8-48020
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011 C020001 AZ
011 C030001 85004
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<PAGE> PAGE 2
012 A000001 INVESTORS FIDUCIARY TRUST COMPANY
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012 C010001 KANSAS CITY
012 C020001 MO
012 C030001 64105
013 A000001 KPMG LLP
013 B010001 LOS ANGELES
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015 A000001 INVESTORS FIDUCIARY TRUST COMPANY
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<PAGE> PAGE 3
022 C000006 45000
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<PAGE> PAGE 4
028 E010000 0
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
071 B000000 694328
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<PAGE> PAGE 8
074 L000000 17697
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<PAGE> PAGE 9
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SIGNATURE MIKE J ROLAND
TITLE CHIEF FINANCIAL OFFI
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<CIK> 826020
<NAME> PILGRIM PRIME RATE TRUST
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<S> <C>
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<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.11
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