PRA SECURITIES TRUST /
NSAR-A, 1996-08-27
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<PAGE>      PAGE  1
000 A000000 06/30/96
000 C000000 0000840084
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 HEITMAN SECURITIES TRUST
001 B000000 811-5659
001 C000000 8004351405
002 A000000 180 NORTH LASALLE STREET
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60601
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008 A000001 HEITMAN/PRA SECURITIES ADVISORS, INC.
008 B000001 A
008 C000001 801-48252
008 D010001 CHICAGO
008 D020001 IL
008 D030001 60601
010 A000001 RODNEY SQUARE MANAGEMENT CORPORATION
010 B000001 801-22071
010 C010001 WILMINGTON
010 C020001 DE
010 C030001 19890
011 A000001 RODNEY SQUARE DISTRIBUTORS, INC.
011 B000001 8-37006
011 C010001 WILMINGTON
011 C020001 DE
011 C030001 19890
011 A000002 ACG CAPITAL CORPORATION
011 B000002 8-37523
011 C010002 WALNUT CREEK
<PAGE>      PAGE  2
011 C020002 CA
011 C030002 94595
012 A000001 RODNEY SQUARE MANAGEMENT CORPORATION
012 B000001 85-00761
012 C010001 WILMINGTON
012 C020001 DE
012 C030001 19890
013 A000001 PRICE WATERHOUSE
013 B010001 PHILADELPHIA
013 B020001 PA
013 B030001 19103
015 A000001 WILMINGTON TRUST COMPANY
015 B000001 C
015 C010001 WILMINGTON
015 C020001 DE
015 C030001 19890
015 E010001 X
018  000000 Y
019 A000000 N
019 B000000    0
020 A000001 JEFFERIES & COMPANY, INC.
020 B000001 95-2622900
020 C000001     41
020 A000002 PRUDENTIAL SECURITIES INCORPORATED
020 B000002 22-2347336
020 C000002     34
020 A000003 DIRECT ACCESS BROKERAGE SERVICES, INC.
020 B000003 36-3348346
020 C000003     17
020 A000004 GREENSTREET ADVISORS, INC.
020 B000004 33-0275837
020 C000004     12
020 A000005 SCHWAB (CHARLES) & CO., INC.
020 B000005 94-1737782
020 C000005      9
020 A000006 MORGAN (J.P.) SECURITIES, INC.
020 B000006 13-3224016
020 C000006      6
020 A000007 ROBERTSON, STEPHENS & COMPANY, L.P.
020 B000007 94-2524501
020 C000007      3
020 A000008 EVEREN SECURITIES, INC.
020 B000008 34-1542819
020 C000008      3
020 A000009 PAINEWEBBER INCORPORATED
020 B000009 13-2638166
020 C000009      3
020 A000010 GOLDMAN, SACHS & CO.
020 B000010 13-5108880
020 C000010      3
021  000000      137
<PAGE>      PAGE  3
022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000001 13-5674085
022 C000001    926475
022 D000001         0
022 A000002 GOLDMAN, SACHS & CO.
022 B000002 13-5108880
022 C000002     25784
022 D000002         0
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022 B000003 22-2347336
022 C000003      1726
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022 A000004 BROWN (ALEX) & SONS INC.
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SIGNATURE   NANCY B. LYNN                                
TITLE       SECRETARY           
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE HEITMAN
REAL ESTATE FUND'S SEMI-ANNUAL REPORT FOR THE HEITMAN/PRA INSTITUTIONAL CLASS 
DATED JUNE 30, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO THE SEMI-
ANNUAL REPORT DATED JUNE 30, 1996.
</LEGEND>
<CIK> 0000840084
<NAME> HEITMAN SECURITIES TRUST
<SERIES>
   <NUMBER> 1
   <NAME> HEITMAN REAL ESTATE FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                           119927
<INVESTMENTS-AT-VALUE>                          133328
<RECEIVABLES>                                     1566
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  134895
<PAYABLE-FOR-SECURITIES>                          1713
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          314
<TOTAL-LIABILITIES>                               2027
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        120950
<SHARES-COMMON-STOCK>                            14590
<SHARES-COMMON-PRIOR>                            11694
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (83)
<ACCUMULATED-NET-GAINS>                         (1400)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         13401
<NET-ASSETS>                                    132868
<DIVIDEND-INCOME>                                 2686
<INTEREST-INCOME>                                  272
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     734
<NET-INVESTMENT-INCOME>                           2224
<REALIZED-GAINS-CURRENT>                          2743
<APPREC-INCREASE-CURRENT>                         3665
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
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<SHARES-REINVESTED>                                139
<NET-CHANGE-IN-ASSETS>                           31656
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       (4143)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    734
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<PER-SHARE-NAV-BEGIN>                             8.65
<PER-SHARE-NII>                                   0.17
<PER-SHARE-GAIN-APPREC>                           0.52
<PER-SHARE-DIVIDEND>                              0.17
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<RETURNS-OF-CAPITAL>                              0.07
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<EXPENSE-RATIO>                                   1.24
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE 
HEITMAN REAL ESTATE FUND'S SEMI-ANNUAL REPORT FOR THE ADVISOR CLASS DATED 
JUNE 30, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO THE SEMI-ANNUAL
REPORT DATED JUNE 30, 1996.
<CIK> 0000840084
<NAME> HEITMAN SECURITIES TRUST
<SERIES>
   <NUMBER> 1
   <NAME> HEITMAN REAL ESTATE FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                           119927
<INVESTMENTS-AT-VALUE>                          133328
<RECEIVABLES>                                     1566
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  134895
<PAYABLE-FOR-SECURITIES>                          1713
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<OTHER-ITEMS-LIABILITIES>                          314
<TOTAL-LIABILITIES>                               2027
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        120950
<SHARES-COMMON-STOCK>                            14590
<SHARES-COMMON-PRIOR>                            11694
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (83)
<ACCUMULATED-NET-GAINS>                         (1400)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         13401
<NET-ASSETS>                                    132868
<DIVIDEND-INCOME>                                 2686
<INTEREST-INCOME>                                  272
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     734
<NET-INVESTMENT-INCOME>                           2224
<REALIZED-GAINS-CURRENT>                          2743
<APPREC-INCREASE-CURRENT>                         3665
<NET-CHANGE-FROM-OPS>                             8632
<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-REDEEMED>                        429
<SHARES-REINVESTED>                                 65
<NET-CHANGE-IN-ASSETS>                           31656
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       (4143)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    734
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<PER-SHARE-NAV-BEGIN>                             8.67
<PER-SHARE-NII>                                   0.14
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<PER-SHARE-DISTRIBUTIONS>                            0
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<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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