<PAGE> PAGE 1
000 A000000 05/31/97
000 C000000 0000826737
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 PHOENIX MULTIPORTFOLIO
001 B000000 811-5436
001 C000000 8604036144
002 A000000 101 MUNSON STREET
002 B000000 GREENFIELD
002 C000000 MA
002 D010000 01301
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 6
007 C010100 1
007 C020100 PHOENIX TAX EXEMPT BOND PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 PHOENIX MID CAP PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 PHOENIX INTERNATIONAL PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 PHOENIX ENDOWMENT EQUITY PORTFOLIO
007 C030400 Y
007 C010500 5
007 C020500 PHOENIX DIVERSIFIED INCOME PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 PHOENIX REAL ESTATE SECURITIES PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 PHOENIX EMERGING MARKETS BOND PORTFOLIO
007 C030700 N
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 PHOENIX EQUITY PLANNING CORPORATION
010 B00AA01 84-5491
010 C01AA01 ENFIELD
010 C02AA01 CT
010 C03AA01 06083
<PAGE> PAGE 2
010 C04AA01 2200
011 A00AA01 PHOENIX EQUITY PLANNING CORPORATION
011 B00AA01 8-4-5491
011 C01AA01 ENFIELD
011 C02AA01 CT
011 C03AA01 06083
011 C04AA01 2200
012 A00AA01 PHOENIX EQUITY PLANNING CORP.
012 B00AA01 84-5491
012 C01AA01 ENFIELD
012 C02AA01 CT
012 C03AA01 06083
012 C04AA01 2200
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA01 PHOENIX EQUITY PLANNING CORPORATION
014 B00AA01 8-4-5491
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 40
019 C00AA00 PHOENIX/DP
020 A000001 HARTFORD INST. INVESTMENTS
020 B000001 NA
020 C000001 80
020 A000002 MORGAN STANLEY
020 B000002 133340045
020 C000002 73
020 A000003 SWISS BANK
020 B000003 NA
020 C000003 48
020 A000004 INSTINET
020 B000004 133443395
020 C000004 42
020 A000005 FIRST BOSTON
020 B000005 135659485
020 C000005 39
020 A000006 J.P. MORGAN SECURITIES
020 B000006 133224016
020 C000006 36
020 A000007 DEUTSCHE BANK CAP/MORGAN GRENFELL
020 B000007 NA
020 C000007 34
020 A000008 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000008 135674085
020 C000008 31
020 A000009 KLEINWORT BENSON
020 B000009 132647786
020 C000009 31
020 A000010 DONALDSON, LUFKIN & JENRETTE CORP.
<PAGE> PAGE 3
020 B000010 132741729
020 C000010 30
021 000000 996
022 A000001 GOLDMAN SACHS
022 B000001 132655998
022 C000001 679674
022 D000001 43538
022 A000002 BANK OF AMERICA
022 B000002 NA
022 C000002 251889
022 D000002 33897
022 A000003 FIRST BOSTON
022 B000003 135659485
022 C000003 190703
022 D000003 32714
022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000004 135674085
022 C000004 209063
022 D000004 11246
022 A000005 ZION FIRST BANK
022 B000005 NA
022 C000005 137755
022 D000005 16574
022 A000006 CHASE SECURITIES
022 B000006 133112953
022 C000006 91214
022 D000006 33416
022 A000007 BANKERS TRUST
022 B000007 134941247
022 C000007 45366
022 D000007 41440
022 A000008 J.P. MORGAN SECURITIES
022 B000008 133224016
022 C000008 36995
022 D000008 29433
022 A000009 CITYBANK
022 B000009 NA
022 C000009 61558
022 D000009 233
022 A000010 PAINE WEBBER
022 B000010 132638166
022 C000010 34021
022 D000010 27635
023 C000000 2056139
023 D000000 484164
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
<PAGE> PAGE 4
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
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
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
008 A000101 PHOENIX INVESTMENT COUNSEL, INC.
008 B000101 A
008 C000101 801-5995
008 D010101 HARTFORD
008 D020101 CT
008 D030101 06115
008 D040101 2520
015 A000101 STATE STREET BANK & TRUST CO.
015 B000101 C
015 C010101 BOSTON
015 C020101 MA
015 C030101 02101
<PAGE> PAGE 5
015 E010101 X
024 000100 N
028 A010100 6985
028 A020100 1719
028 A030100 0
028 A040100 8345
028 B010100 4176
028 B020100 334
028 B030100 0
028 B040100 10292
028 C010100 7480
028 C020100 328
028 C030100 0
028 C040100 8305
028 D010100 625
028 D020100 326
028 D030100 0
028 D040100 1405
028 E010100 7531
028 E020100 324
028 E030100 0
028 E040100 5627
028 F010100 7155
028 F020100 322
028 F030100 0
028 F040100 8014
028 G010100 33952
028 G020100 3353
028 G030100 0
028 G040100 41988
028 H000100 2131
029 000100 Y
030 A000100 73
030 B000100 4.75
030 C000100 0.00
031 A000100 9
031 B000100 0
032 000100 64
033 000100 0
034 000100 Y
035 000100 15
036 A000100 N
036 B000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 24
<PAGE> PAGE 6
042 D000100 76
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 184
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 1000000
048 A020100 0.450
048 B010100 1000000
048 B020100 0.400
048 C010100 1000000
048 C020100 0.350
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
058 B000100 N
058 C000100 N
058 D000100 N
058 E000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 500
<PAGE> PAGE 7
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 2.4
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 95.9
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 12.7
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 Y
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 N
<PAGE> PAGE 8
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 Y
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 6392
071 B000100 14258
071 C000100 130214
071 D000100 5
072 A000100 6
072 B000100 4259
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 298
072 G000100 37
072 H000100 0
072 I000100 70
072 J000100 8
072 K000100 0
072 L000100 10
072 M000100 13
072 N000100 13
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 21
072 S000100 1
072 T000100 184
072 U000100 0
072 V000100 0
072 W000100 11
072 X000100 666
072 Y000100 0
072 Z000100 3593
072AA000100 291
072BB000100 0
072CC010100 0
072CC020100 2324
072DD010100 3500
072DD020100 114
072EE000100 1888
073 A010100 0.3000
073 A020100 0.2600
<PAGE> PAGE 9
073 B000100 0.1500
073 C000100 0.0000
074 A000100 103
074 B000100 0
074 C000100 3184
074 D000100 127211
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 2506
074 M000100 0
074 N000100 133004
074 O000100 0
074 P000100 116
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 194
074 S000100 0
074 T000100 132694
074 U010100 11651
074 U020100 456
074 V010100 10.96
074 V020100 11.00
074 W000100 0.0000
074 X000100 3671
074 Y000100 0
075 A000100 0
075 B000100 132854
076 000100 0.00
008 A000201 PHOENIX INVESTMENT COUNSEL, INC.
008 B000201 A
008 C000201 801-5995
008 D010201 HARTFORD
008 D020201 CT
008 D030201 06115
008 D040201 2520
015 A000201 STATE STREET BANK & TRUST CO.
015 B000201 C
015 C010201 BOSTON
015 C020201 MA
015 C030201 02101
015 E010201 X
024 000200 N
028 A010200 8018
028 A020200 50798
<PAGE> PAGE 10
028 A030200 0
028 A040200 13911
028 B010200 4265
028 B020200 0
028 B030200 0
028 B040200 20829
028 C010200 2244
028 C020200 0
028 C030200 0
028 C040200 15584
028 D010200 2587
028 D020200 0
028 D030200 0
028 D040200 19719
028 E010200 2521
028 E020200 0
028 E030200 0
028 E040200 14966
028 F010200 2992
028 F020200 0
028 F030200 0
028 F040200 11778
028 G010200 22627
028 G020200 50798
028 G030200 0
028 G040200 96787
028 H000200 9098
029 000200 Y
030 A000200 260
030 B000200 4.75
030 C000200 0.00
031 A000200 28
031 B000200 0
032 000200 232
033 000200 0
034 000200 Y
035 000200 33
036 A000200 N
036 B000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 Y
041 000200 Y
042 A000200 0
042 B000200 0
042 C000200 20
042 D000200 80
042 E000200 0
042 F000200 0
042 G000200 0
<PAGE> PAGE 11
042 H000200 0
043 000200 576
044 000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 1000000
048 A020200 0.750
048 B010200 1000000
048 B020200 0.700
048 C010200 1000000
048 C020200 0.650
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 N
055 A000200 N
055 B000200 N
056 000200 Y
057 000200 N
058 A000200 N
058 B000200 N
058 C000200 N
058 D000200 N
058 E000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 500
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
<PAGE> PAGE 12
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
063 A000200 0
063 B000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 Y
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
<PAGE> PAGE 13
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 Y
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 Y
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200 342070
071 B000200 380602
071 C000200 359148
071 D000200 95
072 A000200 6
072 B000200 1696
072 C000200 1600
072 D000200 0
072 E000200 0
072 F000200 1545
072 G000200 83
072 H000200 0
072 I000200 526
072 J000200 18
072 K000200 0
072 L000200 52
072 M000200 13
072 N000200 24
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 23
072 S000200 1
072 T000200 576
072 U000200 0
072 V000200 0
072 W000200 15
072 X000200 2876
072 Y000200 0
072 Z000200 420
072AA000200 19365
072BB000200 0
072CC010200 0
072CC020200 24483
072DD010200 0
072DD020200 0
072EE000200 53815
073 A010200 0.0000
073 A020200 0.0000
<PAGE> PAGE 14
073 B000200 2.5000
073 C000200 0.0000
074 A000200 4
074 B000200 0
074 C000200 22287
074 D000200 0
074 E000200 0
074 F000200 361024
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 9449
074 K000200 0
074 L000200 563
074 M000200 8504
074 N000200 401831
074 O000200 4903
074 P000200 536
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 9195
074 S000200 0
074 T000200 387197
074 U010200 19483
074 U020200 892
074 V010200 19.02
074 V020200 18.59
074 W000200 0.0000
074 X000200 35635
074 Y000200 0
075 A000200 0
075 B000200 413123
076 000200 0.00
008 A000301 PHOENIX INVESTMENT COUNSEL, INC.
008 B000301 A
008 C000301 801-5995
008 D010301 HARTFORD
008 D020301 CT
008 D030301 06115
008 D040301 2520
015 A000301 BROWN BROTHERS HARRIMAN & CO.
015 B000301 C
015 C010301 BOSTON
015 C020301 MA
015 C030301 02109
015 E040301 X
024 000300 N
028 A010300 3010
028 A020300 13361
<PAGE> PAGE 15
028 A030300 0
028 A040300 10890
028 B010300 6521
028 B020300 0
028 B030300 0
028 B040300 7208
028 C010300 4636
028 C020300 0
028 C030300 0
028 C040300 6364
028 D010300 6357
028 D020300 0
028 D030300 0
028 D040300 7066
028 E010300 11638
028 E020300 0
028 E030300 0
028 E040300 8526
028 F010300 5550
028 F020300 0
028 F030300 0
028 F040300 6083
028 G010300 37712
028 G020300 13361
028 G030300 0
028 G040300 46137
028 H000300 6980
029 000300 Y
030 A000300 110
030 B000300 4.75
030 C000300 0.00
031 A000300 12
031 B000300 0
032 000300 98
033 000300 0
034 000300 Y
035 000300 10
036 A000300 N
036 B000300 0
037 000300 N
038 000300 0
039 000300 N
040 000300 Y
041 000300 Y
042 A000300 0
042 B000300 0
042 C000300 31
042 D000300 69
042 E000300 0
042 F000300 0
042 G000300 0
<PAGE> PAGE 16
042 H000300 0
043 000300 201
044 000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 1000000
048 A020300 0.750
048 B010300 1000000
048 B020300 0.700
048 C010300 1000000
048 C020300 0.650
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 N
055 A000300 N
055 B000300 N
056 000300 Y
057 000300 N
058 A000300 N
058 B000300 N
058 C000300 N
058 D000300 N
058 E000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 500
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
<PAGE> PAGE 17
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
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 Y
067 000300 N
068 A000300 N
068 B000300 Y
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 Y
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 Y
<PAGE> PAGE 18
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 Y
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 81056
071 B000300 84297
071 C000300 120838
071 D000300 67
072 A000300 6
072 B000300 497
072 C000300 1073
072 D000300 0
072 E000300 0
072 F000300 513
072 G000300 37
072 H000300 0
072 I000300 192
072 J000300 90
072 K000300 0
072 L000300 24
072 M000300 11
072 N000300 15
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 23
072 S000300 3
072 T000300 201
072 U000300 0
072 V000300 0
072 W000300 7
072 X000300 1116
072 Y000300 0
072 Z000300 454
072AA000300 10447
072BB000300 0
072CC010300 1223
072CC020300 0
072DD010300 2315
072DD020300 106
072EE000300 12633
073 A010300 0.2600
073 A020300 0.2100
<PAGE> PAGE 19
073 B000300 1.3400
073 C000300 0.0000
074 A000300 1169
074 B000300 0
074 C000300 13730
074 D000300 0
074 E000300 4557
074 F000300 131065
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 549
074 K000300 0
074 L000300 533
074 M000300 0
074 N000300 151603
074 O000300 5817
074 P000300 240
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 1063
074 S000300 0
074 T000300 144483
074 U010300 9521
074 U020300 790
074 V010300 14.03
074 V020300 13.75
074 W000300 0.0000
074 X000300 14070
074 Y000300 0
075 A000300 0
075 B000300 137049
076 000300 0.00
008 A000401 PHOENIX INVESTMENT COUNSEL, INC.
008 B000401 A
008 C000401 801-5995
008 D010401 HARTFORD
008 D020401 CT
008 D030401 06115
008 D040401 2520
015 A000401 STATE STREET BANK & TRUST CO.
015 B000401 C
015 C010401 BOSTON
015 C020401 MA
015 C030401 02101
015 E010401 X
024 000400 N
028 A010400 0
028 A020400 139
<PAGE> PAGE 20
028 A030400 0
028 A040400 0
028 B010400 0
028 B020400 0
028 B030400 0
028 B040400 0
028 C010400 0
028 C020400 0
028 C030400 0
028 C040400 0
028 D010400 0
028 D020400 0
028 D030400 0
028 D040400 0
028 E010400 0
028 E020400 88
028 E030400 0
028 E040400 495
028 F010400 0
028 F020400 0
028 F030400 0
028 F040400 0
028 G010400 0
028 G020400 227
028 G030400 0
028 G040400 495
028 H000400 0
029 000400 N
030 A000400 0
030 B000400 0.00
030 C000400 0.00
031 A000400 0
031 B000400 0
032 000400 0
033 000400 0
034 000400 N
035 000400 0
036 B000400 0
037 000400 N
038 000400 0
039 000400 N
040 000400 N
041 000400 N
042 A000400 0
042 B000400 0
042 C000400 0
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
<PAGE> PAGE 21
043 000400 0
044 000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.000
048 A010400 1000000
048 A020400 0.750
048 B010400 1000000
048 B020400 0.700
048 C010400 1000000
048 C020400 0.650
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 Y
053 B000400 Y
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
058 A000400 N
058 B000400 N
058 C000400 N
058 D000400 N
058 E000400 N
059 000400 Y
060 A000400 Y
060 B000400 N
061 000400 0
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
<PAGE> PAGE 22
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 0.0
066 A000400 Y
066 B000400 N
066 C000400 Y
066 D000400 N
066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 Y
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 N
<PAGE> PAGE 23
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 Y
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400 225
071 B000400 680
071 C000400 477
071 D000400 47
072 A000400 5
072 B000400 0
072 C000400 2
072 D000400 0
072 E000400 0
072 F000400 1
072 G000400 12
072 H000400 0
072 I000400 6
072 J000400 3
072 K000400 0
072 L000400 1
072 M000400 2
072 N000400 13
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 3
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 1
072 X000400 42
072 Y000400 40
072 Z000400 0
072AA000400 88
072BB000400 0
072CC010400 0
072CC020400 74
072DD010400 4
072DD020400 0
072EE000400 223
073 A010400 0.0900
073 A020400 0.0000
<PAGE> PAGE 24
073 B000400 5.5500
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 0
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 0
074 M000400 0
074 N000400 0
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 0
074 S000400 0
074 T000400 0
074 U010400 0
074 U020400 0
074 V010400 0.00
074 V020400 0.00
074 W000400 0.0000
074 X000400 0
074 Y000400 0
075 A000400 0
075 B000400 485
076 000400 0.00
008 A000501 PHOENIX INVESTMENT COUNSIL, INC.
008 B000501 A
008 C000501 801-5995
008 D010501 HARTFORD
008 D020501 CT
008 D030501 06115
008 D040501 2520
015 A000501 STATE STREET BANK & TRUST CO.
015 B000501 C
015 C010501 BOSTON
015 C020501 MA
015 C030501 02101
015 E010501 X
024 000500 N
028 A010500 0
028 A020500 115
<PAGE> PAGE 25
028 A030500 0
028 A040500 0
028 B010500 0
028 B020500 36
028 B030500 0
028 B040500 0
028 C010500 0
028 C020500 37
028 C030500 0
028 C040500 0
028 D010500 0
028 D020500 40
028 D030500 0
028 D040500 0
028 E010500 242
028 E020500 37
028 E030500 0
028 E040500 0
028 F010500 0
028 F020500 35
028 F030500 0
028 F040500 0
028 G010500 242
028 G020500 300
028 G030500 0
028 G040500 0
028 H000500 0
029 000500 N
030 A000500 0
030 B000500 0.00
030 C000500 0.00
031 A000500 0
031 B000500 0
032 000500 0
033 000500 0
034 000500 N
035 000500 0
036 B000500 0
037 000500 N
038 000500 0
039 000500 N
040 000500 N
041 000500 N
042 A000500 0
042 B000500 0
042 C000500 0
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
<PAGE> PAGE 26
043 000500 0
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.000
048 A010500 1000000
048 A020500 0.500
048 B010500 1000000
048 B020500 0.450
048 C010500 1000000
048 C020500 0.400
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 Y
053 B000500 Y
055 A000500 N
055 B000500 N
056 000500 Y
057 000500 N
058 A000500 N
058 B000500 N
058 C000500 N
058 D000500 N
058 E000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 100000
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
<PAGE> PAGE 27
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 2.9
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 7.7
062 N000500 0.0
062 O000500 8.9
062 P000500 50.4
062 Q000500 31.2
062 R000500 0.0
063 A000500 0
063 B000500 14.8
064 A000500 Y
064 B000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 Y
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 N
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
<PAGE> PAGE 28
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 Y
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500 6656
071 B000500 6303
071 C000500 6002
071 D000500 105
072 A000500 6
072 B000500 241
072 C000500 3
072 D000500 0
072 E000500 0
072 F000500 15
072 G000500 29
072 H000500 0
072 I000500 11
072 J000500 3
072 K000500 0
072 L000500 1
072 M000500 11
072 N000500 10
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 9
072 S000500 3
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 0
072 X000500 92
072 Y000500 72
072 Z000500 224
072AA000500 133
072BB000500 0
072CC010500 0
072CC020500 124
072DD010500 228
072DD020500 0
072EE000500 73
073 A010500 0.3700
073 A020500 0.0000
073 B000500 0.1200
073 C000500 0.0000
074 A000500 3
074 B000500 0
<PAGE> PAGE 29
074 C000500 185
074 D000500 5945
074 E000500 380
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 135
074 K000500 33
074 L000500 77
074 M000500 0
074 N000500 6758
074 O000500 276
074 P000500 9
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 31
074 S000500 0
074 T000500 6442
074 U010500 650
074 U020500 0
074 V010500 9.91
074 V020500 0.00
074 W000500 0.0000
074 X000500 5
074 Y000500 0
075 A000500 0
075 B000500 6061
076 000500 0.00
008 A000601 PHOENIX REALTY SECURITIES, INC.
008 B000601 A
008 C000601 801-48190
008 D010601 HARTFORD
008 D020601 CT
008 D030601 06115
008 D040601 2520
008 A000602 ABKB/LASALLE PARTNERS
008 B000602 S
008 C000602 801-48201
008 D010602 BALTIMORE
008 D020602 MD
008 D030602 21202
015 A000601 STATE STREET BANK & TRUST CO.
015 B000601 C
015 C010601 BOSTON
015 C020601 MA
015 C030601 02101
015 E010601 X
024 000600 N
<PAGE> PAGE 30
028 A010600 2221
028 A020600 914
028 A030600 0
028 A040600 205
028 B010600 4605
028 B020600 0
028 B030600 0
028 B040600 169
028 C010600 3520
028 C020600 0
028 C030600 0
028 C040600 499
028 D010600 3081
028 D020600 302
028 D030600 0
028 D040600 289
028 E010600 2543
028 E020600 0
028 E030600 0
028 E040600 881
028 F010600 1785
028 F020600 0
028 F030600 0
028 F040600 6085
028 G010600 17755
028 G020600 1216
028 G030600 0
028 G040600 8128
028 H000600 4578
029 000600 Y
030 A000600 148
030 B000600 4.75
030 C000600 0.00
031 A000600 16
031 B000600 0
032 000600 132
033 000600 0
034 000600 Y
035 000600 15
036 A000600 N
036 B000600 0
037 000600 N
038 000600 0
039 000600 N
040 000600 Y
041 000600 Y
042 A000600 0
042 B000600 0
042 C000600 78
042 D000600 22
042 E000600 0
<PAGE> PAGE 31
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 101
044 000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.000
048 A010600 1000000
048 A020600 0.750
048 B010600 1000000
048 B020600 0.700
048 C010600 1000000
048 C020600 0.650
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 Y
053 B000600 Y
055 A000600 N
055 B000600 N
056 000600 Y
057 000600 N
058 A000600 N
058 B000600 N
058 C000600 N
058 D000600 N
058 E000600 N
059 000600 Y
060 A000600 N
060 B000600 N
061 000600 500
062 A000600 N
<PAGE> PAGE 32
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 0
063 B000600 0.0
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 N
066 E000600 Y
066 F000600 N
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 N
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 Y
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
<PAGE> PAGE 33
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 Y
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 18351
071 B000600 8774
071 C000600 41191
071 D000600 21
072 A000600 6
072 B000600 13
072 C000600 793
072 D000600 0
072 E000600 0
072 F000600 158
072 G000600 35
072 H000600 0
072 I000600 26
072 J000600 6
072 K000600 0
072 L000600 9
072 M000600 11
072 N000600 11
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 17
072 S000600 1
072 T000600 101
072 U000600 0
072 V000600 0
072 W000600 0
072 X000600 375
072 Y000600 54
072 Z000600 485
072AA000600 2089
072BB000600 0
072CC010600 1351
072CC020600 0
072DD010600 542
072DD020600 184
<PAGE> PAGE 34
072EE000600 601
073 A010600 0.2800
073 A020600 0.2300
073 B000600 0.2500
073 C000600 0.0000
074 A000600 445
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 44051
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 279
074 M000600 0
074 N000600 44775
074 O000600 0
074 P000600 47
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 157
074 S000600 0
074 T000600 44571
074 U010600 1993
074 U020600 1142
074 V010600 14.23
074 V020600 14.19
074 W000600 0.0000
074 X000600 3208
074 Y000600 0
075 A000600 0
075 B000600 42117
076 000600 0.00
008 A000701 PHOENIX INVESTMENT COUNSEL, INC.
008 B000701 A
008 C000701 801-5995
008 D010701 HARTFORD
008 D020701 CT
008 D030701 06115
008 D040701 2520
015 A000701 STATE STREET BANK & TRUST CO.
015 B000701 C
015 C010701 BOSTON
015 C020701 MA
015 C030701 02101
015 E010701 X
<PAGE> PAGE 35
024 000700 N
028 A010700 2124
028 A020700 5345
028 A030700 0
028 A040700 1190
028 B010700 4050
028 B020700 269
028 B030700 0
028 B040700 440
028 C010700 9881
028 C020700 306
028 C030700 0
028 C040700 812
028 D010700 8621
028 D020700 357
028 D030700 0
028 D040700 2557
028 E010700 6026
028 E020700 373
028 E030700 0
028 E040700 1627
028 F010700 7883
028 F020700 406
028 F030700 0
028 F040700 1935
028 G010700 38585
028 G020700 7056
028 G030700 0
028 G040700 8561
028 H000700 15510
029 000700 Y
030 A000700 253
030 B000700 4.75
030 C000700 0.00
031 A000700 28
031 B000700 0
032 000700 225
033 000700 0
034 000700 Y
035 000700 46
036 A000700 N
036 B000700 0
037 000700 N
038 000700 0
039 000700 N
040 000700 Y
041 000700 Y
042 A000700 0
042 B000700 0
042 C000700 61
042 D000700 39
<PAGE> PAGE 36
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 123
044 000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.000
048 A010700 1000000
048 A020700 0.750
048 B010700 1000000
048 B020700 0.700
048 C010700 1000000
048 C020700 0.650
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 0
048 K020700 0.000
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 N
055 A000700 Y
055 B000700 N
056 000700 Y
057 000700 N
058 A000700 N
058 B000700 N
058 C000700 N
058 D000700 N
058 E000700 N
059 000700 Y
060 A000700 N
060 B000700 N
061 000700 500
062 A000700 Y
<PAGE> PAGE 37
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 2.6
062 J000700 0.0
062 K000700 0.2
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 96.3
062 R000700 0.0
063 A000700 0
063 B000700 15.1
064 A000700 Y
064 B000700 N
066 A000700 N
067 000700 N
068 A000700 N
068 B000700 Y
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 Y
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 Y
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 Y
<PAGE> PAGE 38
070 M020700 Y
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 Y
070 Q020700 N
070 R010700 Y
070 R020700 N
071 A000700 218487
071 B000700 194193
071 C000700 53556
071 D000700 363
072 A000700 6
072 B000700 3388
072 C000700 0
072 D000700 0
072 E000700 0
072 F000700 201
072 G000700 35
072 H000700 0
072 I000700 26
072 J000700 15
072 K000700 0
072 L000700 6
072 M000700 11
072 N000700 6
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 19
072 S000700 1
072 T000700 123
072 U000700 0
072 V000700 0
072 W000700 3
072 X000700 446
072 Y000700 0
072 Z000700 2942
072AA000700 4090
072BB000700 0
072CC010700 146
072CC020700 0
072DD010700 1753
072DD020700 659
072EE000700 5968
073 A010700 0.6000
073 A020700 0.5700
073 B000700 2.2300
<PAGE> PAGE 39
073 C000700 0.0000
074 A000700 678
074 B000700 0
074 C000700 1935
074 D000700 72450
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 158
074 J000700 26982
074 K000700 0
074 L000700 2263
074 M000700 0
074 N000700 104466
074 O000700 28954
074 P000700 86
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 174
074 S000700 0
074 T000700 75252
074 U010700 3726
074 U020700 1736
074 V010700 13.79
074 V020700 13.74
074 W000700 0.0000
074 X000700 3396
074 Y000700 0
075 A000700 0
075 B000700 53768
076 000700 0.00
SIGNATURE JACQUELINE M. PORTER
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 011
<NAME> PHOENIX TAX EXEMPT BOND PORTFOLIO CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 126558
<INVESTMENTS-AT-VALUE> 130396
<RECEIVABLES> 2505
<ASSETS-OTHER> 103
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 133004
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 310
<TOTAL-LIABILITIES> 310
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 128709
<SHARES-COMMON-STOCK> 11651
<SHARES-COMMON-PRIOR> 12111
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (139)
<ACCUMULATED-NET-GAINS> 270
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3854
<NET-ASSETS> 132694
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4259
<OTHER-INCOME> 0
<EXPENSES-NET> (666)
<NET-INVESTMENT-INCOME> 3593
<REALIZED-GAINS-CURRENT> 291
<APPREC-INCREASE-CURRENT> (2324)
<NET-CHANGE-FROM-OPS> 1560
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3500)
<DISTRIBUTIONS-OF-GAINS> (1825)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2996
<NUMBER-OF-SHARES-REDEEMED> (3752)
<SHARES-REINVESTED> 296
<NET-CHANGE-IN-ASSETS> (8883)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1867
<OVERDISTRIB-NII-PRIOR> (118)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 298
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 666
<AVERAGE-NET-ASSETS> 132854
<PER-SHARE-NAV-BEGIN> 11.28
<PER-SHARE-NII> 0.30
<PER-SHARE-GAIN-APPREC> (0.17)
<PER-SHARE-DIVIDEND> (0.30)
<PER-SHARE-DISTRIBUTIONS> (0.15)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.96
<EXPENSE-RATIO> 0.98
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 012
<NAME> PHOENIX TAX EXEMPT BOND PORTFOLIO CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 126558
<INVESTMENTS-AT-VALUE> 130396
<RECEIVABLES> 2505
<ASSETS-OTHER> 103
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 133004
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 310
<TOTAL-LIABILITIES> 310
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 128709
<SHARES-COMMON-STOCK> 456
<SHARES-COMMON-PRIOR> 421
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (139)
<ACCUMULATED-NET-GAINS> 270
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3854
<NET-ASSETS> 132694
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4259
<OTHER-INCOME> 0
<EXPENSES-NET> (666)
<NET-INVESTMENT-INCOME> 3593
<REALIZED-GAINS-CURRENT> 291
<APPREC-INCREASE-CURRENT> (2324)
<NET-CHANGE-FROM-OPS> 1560
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (114)
<DISTRIBUTIONS-OF-GAINS> (63)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 97
<NUMBER-OF-SHARES-REDEEMED> (71)
<SHARES-REINVESTED> 10
<NET-CHANGE-IN-ASSETS> 256
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1867
<OVERDISTRIB-NII-PRIOR> (118)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 298
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 666
<AVERAGE-NET-ASSETS> 132854
<PER-SHARE-NAV-BEGIN> 11.32
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> (0.17)
<PER-SHARE-DIVIDEND> (0.26)
<PER-SHARE-DISTRIBUTIONS> (0.15)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.00
<EXPENSE-RATIO> 1.73
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 021
<NAME> PHOENIX MID CAP PORTFOLIO CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 344139
<INVESTMENTS-AT-VALUE> 383311
<RECEIVABLES> 10012
<ASSETS-OTHER> 4
<OTHER-ITEMS-ASSETS> 8504
<TOTAL-ASSETS> 401831
<PAYABLE-FOR-SECURITIES> 4903
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9731
<TOTAL-LIABILITIES> 14634
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 329173
<SHARES-COMMON-STOCK> 19483
<SHARES-COMMON-PRIOR> 20849
<ACCUMULATED-NII-CURRENT> 420
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 18432
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 39172
<NET-ASSETS> 387197
<DIVIDEND-INCOME> 1600
<INTEREST-INCOME> 1696
<OTHER-INCOME> 0
<EXPENSES-NET> (2876)
<NET-INVESTMENT-INCOME> 420
<REALIZED-GAINS-CURRENT> 19365
<APPREC-INCREASE-CURRENT> (24483)
<NET-CHANGE-FROM-OPS> (4698)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (51790)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1078
<NUMBER-OF-SHARES-REDEEMED> (5058)
<SHARES-REINVESTED> 2615
<NET-CHANGE-IN-ASSETS> (80860)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 52883
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1545
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2876
<AVERAGE-NET-ASSETS> 413123
<PER-SHARE-NAV-BEGIN> 21.65
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> (0.15)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (2.50)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.02
<EXPENSE-RATIO> 1.37
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 022
<NAME> PHOENIX MID CAP PORTFOLIO CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 344139
<INVESTMENTS-AT-VALUE> 383311
<RECEIVABLES> 10012
<ASSETS-OTHER> 4
<OTHER-ITEMS-ASSETS> 8504
<TOTAL-ASSETS> 401831
<PAYABLE-FOR-SECURITIES> 4903
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9731
<TOTAL-LIABILITIES> 14634
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 329173
<SHARES-COMMON-STOCK> 892
<SHARES-COMMON-PRIOR> 826
<ACCUMULATED-NII-CURRENT> 420
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 18432
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 39172
<NET-ASSETS> 387197
<DIVIDEND-INCOME> 1600
<INTEREST-INCOME> 1696
<OTHER-INCOME> 0
<EXPENSES-NET> (2876)
<NET-INVESTMENT-INCOME> 420
<REALIZED-GAINS-CURRENT> 19365
<APPREC-INCREASE-CURRENT> (24483)
<NET-CHANGE-FROM-OPS> (4698)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (2025)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 108
<NUMBER-OF-SHARES-REDEEMED> (145)
<SHARES-REINVESTED> 102
<NET-CHANGE-IN-ASSETS> (1015)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 52883
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1545
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2876
<AVERAGE-NET-ASSETS> 413123
<PER-SHARE-NAV-BEGIN> 21.30
<PER-SHARE-NII> (0.05)
<PER-SHARE-GAIN-APPREC> (0.16)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (2.50)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.59
<EXPENSE-RATIO> 2.12
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 071
<NAME> PHOENIX EMERGING MARKETS BOND PORTFOLIO CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 71864
<INVESTMENTS-AT-VALUE> 74543
<RECEIVABLES> 29245
<ASSETS-OTHER> 678
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 104466
<PAYABLE-FOR-SECURITIES> 28954
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 260
<TOTAL-LIABILITIES> 29214
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 67412
<SHARES-COMMON-STOCK> 3726
<SHARES-COMMON-PRIOR> 2005
<ACCUMULATED-NII-CURRENT> 692
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4484
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2664
<NET-ASSETS> 75252
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3388
<OTHER-INCOME> 0
<EXPENSES-NET> (446)
<NET-INVESTMENT-INCOME> 2942
<REALIZED-GAINS-CURRENT> 4090
<APPREC-INCREASE-CURRENT> 146
<NET-CHANGE-FROM-OPS> 7178
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1753)
<DISTRIBUTIONS-OF-GAINS> (4478)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1615
<NUMBER-OF-SHARES-REDEEMED> (343)
<SHARES-REINVESTED> 450
<NET-CHANGE-IN-ASSETS> 21730
<ACCUMULATED-NII-PRIOR> 161
<ACCUMULATED-GAINS-PRIOR> 6362
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 201
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 446
<AVERAGE-NET-ASSETS> 53768
<PER-SHARE-NAV-BEGIN> 14.80
<PER-SHARE-NII> 0.74
<PER-SHARE-GAIN-APPREC> 1.08
<PER-SHARE-DIVIDEND> (0.60)
<PER-SHARE-DISTRIBUTIONS> (2.23)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.79
<EXPENSE-RATIO> 1.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 072
<NAME> PHOENIX EMERGING MARKETS BOND PORTFOLIO CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 71864
<INVESTMENTS-AT-VALUE> 74543
<RECEIVABLES> 29245
<ASSETS-OTHER> 678
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 104466
<PAYABLE-FOR-SECURITIES> 28954
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 260
<TOTAL-LIABILITIES> 29214
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 67412
<SHARES-COMMON-STOCK> 1736
<SHARES-COMMON-PRIOR> 657
<ACCUMULATED-NII-CURRENT> 692
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4484
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2664
<NET-ASSETS> 75252
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3388
<OTHER-INCOME> 0
<EXPENSES-NET> (446)
<NET-INVESTMENT-INCOME> 2942
<REALIZED-GAINS-CURRENT> 4090
<APPREC-INCREASE-CURRENT> 146
<NET-CHANGE-FROM-OPS> 7178
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (659)
<DISTRIBUTIONS-OF-GAINS> (1490)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1271
<NUMBER-OF-SHARES-REDEEMED> (295)
<SHARES-REINVESTED> 103
<NET-CHANGE-IN-ASSETS> 14148
<ACCUMULATED-NII-PRIOR> 161
<ACCUMULATED-GAINS-PRIOR> 6362
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 201
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 446
<AVERAGE-NET-ASSETS> 53768
<PER-SHARE-NAV-BEGIN> 14.78
<PER-SHARE-NII> 0.68
<PER-SHARE-GAIN-APPREC> 1.08
<PER-SHARE-DIVIDEND> (0.57)
<PER-SHARE-DISTRIBUTIONS> (2.23)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.74
<EXPENSE-RATIO> 2.20
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 05
<NAME> PHOENIX DIVERSIFIED INCOME PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 6461
<INVESTMENTS-AT-VALUE> 6510
<RECEIVABLES> 245
<ASSETS-OTHER> 3
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6758
<PAYABLE-FOR-SECURITIES> 276
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 40
<TOTAL-LIABILITIES> 316
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6266
<SHARES-COMMON-STOCK> 650
<SHARES-COMMON-PRIOR> 595
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 128
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 48
<NET-ASSETS> 6442
<DIVIDEND-INCOME> 3
<INTEREST-INCOME> 241
<OTHER-INCOME> 0
<EXPENSES-NET> (20)
<NET-INVESTMENT-INCOME> 224
<REALIZED-GAINS-CURRENT> 133
<APPREC-INCREASE-CURRENT> (124)
<NET-CHANGE-FROM-OPS> 233
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (228)
<DISTRIBUTIONS-OF-GAINS> (73)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 25
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 31
<NET-CHANGE-IN-ASSETS> 475
<ACCUMULATED-NII-PRIOR> 4
<ACCUMULATED-GAINS-PRIOR> 67
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 15
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 92
<AVERAGE-NET-ASSETS> 6061
<PER-SHARE-NAV-BEGIN> 10.03
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> (0.37)
<PER-SHARE-DISTRIBUTIONS> (0.12)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.91
<EXPENSE-RATIO> 0.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> PHOENIX ENDOWMENT EQUITY PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 4-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> APR-04-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 00
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 36
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 2
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (2)
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 88
<APPREC-INCREASE-CURRENT> (74)
<NET-CHANGE-FROM-OPS> 14
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4)
<DISTRIBUTIONS-OF-GAINS> (223)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (62)
<SHARES-REINVESTED> 26
<NET-CHANGE-IN-ASSETS> (480)
<ACCUMULATED-NII-PRIOR> 1
<ACCUMULATED-GAINS-PRIOR> 135
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 42
<AVERAGE-NET-ASSETS> 485
<PER-SHARE-NAV-BEGIN> 13.42
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> (7.83)
<PER-SHARE-DIVIDEND> (0.09)
<PER-SHARE-DISTRIBUTIONS> (5.55)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 031
<NAME> PHEONIX INTERNATIONAL PORTFOLIO CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 128427
<INVESTMENTS-AT-VALUE> 149352
<RECEIVABLES> 1082
<ASSETS-OTHER> 1169
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 151603
<PAYABLE-FOR-SECURITIES> 5817
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1303
<TOTAL-LIABILITIES> 7120
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 112960
<SHARES-COMMON-STOCK> 9521
<SHARES-COMMON-PRIOR> 9362
<ACCUMULATED-NII-CURRENT> 245
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11095
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 20183
<NET-ASSETS> 144483
<DIVIDEND-INCOME> 1073
<INTEREST-INCOME> 497
<OTHER-INCOME> 0
<EXPENSES-NET> (1116)
<NET-INVESTMENT-INCOME> 454
<REALIZED-GAINS-CURRENT> 10446
<APPREC-INCREASE-CURRENT> 1223
<NET-CHANGE-FROM-OPS> 12123
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2315)
<DISTRIBUTIONS-OF-GAINS> (11977)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2442
<NUMBER-OF-SHARES-REDEEMED> (3277)
<SHARES-REINVESTED> 994
<NET-CHANGE-IN-ASSETS> (1906)
<ACCUMULATED-NII-PRIOR> 2213
<ACCUMULATED-GAINS-PRIOR> 12614
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 513
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1116
<AVERAGE-NET-ASSETS> 137049
<PER-SHARE-NAV-BEGIN> 14.48
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 1.10
<PER-SHARE-DIVIDEND> (0.26)
<PER-SHARE-DISTRIBUTIONS> (1.34)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.03
<EXPENSE-RATIO> 1.59
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 032
<NAME> PHEONIX INTERNATIONAL PORTFOLIO CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 128427
<INVESTMENTS-AT-VALUE> 149352
<RECEIVABLES> 1082
<ASSETS-OTHER> 1169
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 151603
<PAYABLE-FOR-SECURITIES> 5817
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1303
<TOTAL-LIABILITIES> 7120
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 112960
<SHARES-COMMON-STOCK> 790
<SHARES-COMMON-PRIOR> 489
<ACCUMULATED-NII-CURRENT> 245
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11095
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 20183
<NET-ASSETS> 144483
<DIVIDEND-INCOME> 1073
<INTEREST-INCOME> 497
<OTHER-INCOME> 0
<EXPENSES-NET> (1116)
<NET-INVESTMENT-INCOME> 454
<REALIZED-GAINS-CURRENT> 10446
<APPREC-INCREASE-CURRENT> 1223
<NET-CHANGE-FROM-OPS> 12123
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (106)
<DISTRIBUTIONS-OF-GAINS> (656)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 373
<NUMBER-OF-SHARES-REDEEMED> (127)
<SHARES-REINVESTED> 55
<NET-CHANGE-IN-ASSETS> 3910
<ACCUMULATED-NII-PRIOR> 2213
<ACCUMULATED-GAINS-PRIOR> 12614
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 513
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1116
<AVERAGE-NET-ASSETS> 137049
<PER-SHARE-NAV-BEGIN> 14.22
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 1.08
<PER-SHARE-DIVIDEND> (0.21)
<PER-SHARE-DISTRIBUTIONS> (1.34)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.75
<EXPENSE-RATIO> 2.34
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 061
<NAME> REAL ESTATE SECURITIES PORTFOLIO CLASS A
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 38171
<INVESTMENTS-AT-VALUE> 44051
<RECEIVABLES> 279
<ASSETS-OTHER> 445
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 44775
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 204
<TOTAL-LIABILITIES> 204
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36654
<SHARES-COMMON-STOCK> 1993
<SHARES-COMMON-PRIOR> 1741
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (49)
<ACCUMULATED-NET-GAINS> 2086
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5880
<NET-ASSETS> 44571
<DIVIDEND-INCOME> 793
<INTEREST-INCOME> 13
<OTHER-INCOME> 0
<EXPENSES-NET> (321)
<NET-INVESTMENT-INCOME> 485
<REALIZED-GAINS-CURRENT> 2089
<APPREC-INCREASE-CURRENT> 1351
<NET-CHANGE-FROM-OPS> 3925
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (542)
<DISTRIBUTIONS-OF-GAINS> (437)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 704
<NUMBER-OF-SHARES-REDEEMED> (519)
<SHARES-REINVESTED> 67
<NET-CHANGE-IN-ASSETS> 5496
<ACCUMULATED-NII-PRIOR> 193
<ACCUMULATED-GAINS-PRIOR> 598
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 158
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 375
<AVERAGE-NET-ASSETS> 42117
<PER-SHARE-NAV-BEGIN> 13.14
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 1.44
<PER-SHARE-DIVIDEND> (0.28)
<PER-SHARE-DISTRIBUTIONS> (0.25)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.23
<EXPENSE-RATIO> 1.30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 062
<NAME> REAL ESTATE SECURITIES PORTFOLIO CLASS B
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 38171
<INVESTMENTS-AT-VALUE> 44051
<RECEIVABLES> 279
<ASSETS-OTHER> 445
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 44775
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 204
<TOTAL-LIABILITIES> 204
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36654
<SHARES-COMMON-STOCK> 1142
<SHARES-COMMON-PRIOR> 630
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (49)
<ACCUMULATED-NET-GAINS> 2086
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5880
<NET-ASSETS> 44571
<DIVIDEND-INCOME> 793
<INTEREST-INCOME> 13
<OTHER-INCOME> 0
<EXPENSES-NET> (321)
<NET-INVESTMENT-INCOME> 485
<REALIZED-GAINS-CURRENT> 2089
<APPREC-INCREASE-CURRENT> 1351
<NET-CHANGE-FROM-OPS> 3925
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (184)
<DISTRIBUTIONS-OF-GAINS> (164)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 549
<NUMBER-OF-SHARES-REDEEMED> (58)
<SHARES-REINVESTED> 21
<NET-CHANGE-IN-ASSETS> 7944
<ACCUMULATED-NII-PRIOR> 193
<ACCUMULATED-GAINS-PRIOR> 598
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 158
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 375
<AVERAGE-NET-ASSETS> 42117
<PER-SHARE-NAV-BEGIN> 13.10
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> 1.45
<PER-SHARE-DIVIDEND> (0.23)
<PER-SHARE-DISTRIBUTIONS> (0.25)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.19
<EXPENSE-RATIO> 2.05
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
