<PAGE> PAGE 1
000 A000000 03/31/97
000 C000000 0000884110
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 CALVERT WORLD VALUES FUND, INC.
001 B000000 811-06563
001 C000000 3019514881
002 A000000 4550 MONTGOMERY AVE, SUITE 100N
002 B000000 BETHESDA
002 C000000 MD
002 D010000 20814
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 CALVERT INTERNATIONAL EQUITY FUND
007 C030100 N
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
010 A00AA01 CALVERT ADMINISTRATIVE SERVICES CO.
010 C01AA01 BETHESDA
010 C02AA01 MD
010 C03AA01 20814
010 C04AA01 9814
011 A00AA01 CALVERT DISTRIBUTORS, INC.
011 B00AA01 8-47915
011 C01AA01 BETEHSDA
011 C02AA01 MD
011 C03AA01 20814
011 C04AA01 9814
012 A00AA01 CALVERT SHAREHOLDER SERVICES, INC.
012 B00AA01 84-948
012 C01AA01 BETHESDA
012 C02AA01 MD
012 C03AA01 20814
012 C04AA01 9814
<PAGE> PAGE 2
013 A00AA01 COOPERS & LYBRAND
013 B01AA01 BALTIMORE
013 B02AA01 MD
013 B03AA01 21202
014 A00AA01 CALVERT DISTRIBUTORS, INC.
014 B00AA01 8-47915
015 A00AA01 STATE STREET BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 31
019 C00AA00 CALVERTGRP
020 A000001 MERRILL LYNCH
020 C000001 107
020 A000002 NATWEST SECURITIES
020 C000002 31
020 A000003 SBC WARBURG
020 C000003 27
020 A000004 LEHMAN BROTHERS INTE
020 C000004 26
020 A000005 BZW SECURITIES
020 C000005 24
020 A000006 INTERMOBILIARE SECUR
020 C000006 22
020 A000007 HSBC JAMES CAPEL
020 C000007 19
020 A000008 UBS LIMITED
020 C000008 16
020 A000009 MORGAN GRENFELL
020 C000009 7
020 A000010 CHARTERHOUSE TILNEY
020 C000010 7
021 000000 403
022 A000001 MERRILL LYNCH
022 C000001 25443
022 D000001 7555
022 A000002 NATWEST SECURITIES
022 C000002 9114
022 D000002 3112
022 A000003 LEHMAN BROTHERS INTE
022 C000003 3533
022 D000003 8439
022 A000004 BZW SECURITES
022 C000004 3723
022 D000004 5245
022 A000005 SBC WARBURG
022 C000005 3290
<PAGE> PAGE 3
022 D000005 4856
022 A000006 HSBC JAMES CAPEL
022 C000006 7590
022 D000006 0
022 A000007 INTERMOBILIARE SECUR
022 C000007 3717
022 D000007 3696
022 A000008 UBS LIMITED
022 C000008 5110
022 D000008 843
022 A000009 BZW SECURITIES LTD
022 C000009 661
022 D000009 2384
022 A000010 CHARTERHOUSE TILNEY
022 C000010 0
022 D000010 2952
023 C000000 79196
023 D000000 62568
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
<PAGE> PAGE 4
055 A00AA00 N
055 B00AA00 N
056 00AA00 N
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 2000
066 A00AA00 Y
066 G00AA00 Y
067 00AA00 N
068 A00AA00 N
068 B00AA00 Y
069 00AA00 N
077 A000000 N
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00 8000
081 A00AA00 Y
081 B00AA00 37
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
086 A01AA00 0
086 A02AA00 0
086 B01AA00 0
086 B02AA00 0
086 C01AA00 0
086 C02AA00 0
086 D01AA00 0
086 D02AA00 0
086 E01AA00 0
086 E02AA00 0
<PAGE> PAGE 5
086 F01AA00 0
086 F02AA00 0
008 A000101 CALVERT ASSET MANAGEMENT COMPANY
008 B000101 A
008 C000101 801-17813
008 D010101 BETHESDA
008 D020101 MD
008 D030101 20814
008 D040101 9814
008 A000102 MURRAY JOHNSTONE INTERNATIONAL
008 B000102 S
008 C000102 801-34926
008 D010102 CHICAGO
008 D020102 IL
008 D030102 60611
024 000100 N
025 A000101 KIM ENGLAND HOLDINGS OF SINGAPORE
025 C000101 E
025 D000101 82
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 1957
028 A020100 0
028 A030100 0
028 A040100 3382
028 B010100 1701
028 B020100 0
028 B030100 0
028 B040100 2533
028 C010100 2483
028 C020100 4565
028 C030100 0
028 C040100 3134
028 D010100 3081
028 D020100 2
028 D030100 0
028 D040100 3707
028 E010100 2485
028 E020100 0
028 E030100 0
028 E040100 3397
028 F010100 2337
028 F020100 0
028 F030100 0
028 F040100 3110
028 G010100 14044
<PAGE> PAGE 6
028 G020100 4569
028 G030100 0
028 G040100 19263
028 H000100 13040
029 000100 Y
030 A000100 7559
030 B000100 4.75
030 C000100 0.00
031 A000100 7118
031 B000100 0
032 000100 51
033 000100 390
042 A000100 42
042 B000100 11
042 C000100 3
042 D000100 42
042 E000100 3
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 281
044 000100 0
045 000100 Y
046 000100 Y
047 000100 Y
048 000100 0.000
048 A010100 250000
048 A020100 1.000
048 B010100 250000
048 B020100 0.975
048 C010100 500000
048 C020100 0.925
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
<PAGE> PAGE 7
052 000100 N
053 A000100 N
062 A000100 N
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 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
070 A010100 N
070 A020100 N
070 B010100 Y
070 B020100 Y
070 C010100 N
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 N
<PAGE> PAGE 8
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 80004
071 B000100 62863
071 C000100 192267
071 D000100 33
072 A000100 6
072 B000100 283
072 C000100 1641
072 D000100 0
072 E000100 0
072 F000100 1019
072 G000100 102
072 H000100 0
072 I000100 222
072 J000100 136
072 K000100 45
072 L000100 61
072 M000100 30
072 N000100 26
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 13
072 S000100 1
072 T000100 102
072 U000100 5
072 V000100 0
072 W000100 97
072 X000100 1859
072 Y000100 0
072 Z000100 65
072AA000100 5169
072BB000100 0
072CC010100 5799
072CC020100 0
072DD010100 525
072DD020100 0
072EE000100 4467
073 A010100 0.0508
073 A020100 0.0000
073 B000100 0.4195
073 C000100 0.0000
074 A000100 1772
074 B000100 0
074 C000100 4546
<PAGE> PAGE 9
074 D000100 2528
074 E000100 0
074 F000100 196291
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 1307
074 K000100 0
074 L000100 1183
074 M000100 31
074 N000100 207658
074 O000100 877
074 P000100 299
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 280
074 S000100 0
074 T000100 206202
074 U010100 10371
074 U020100 393
074 V010100 19.18
074 V020100 18.68
074 W000100 0.0000
074 X000100 20109
074 Y000100 0
075 A000100 0
075 B000100 204427
076 000100 0.00
008 A000201 CALVERT ASSET MANAGEMENT COMPANY
008 B000201 A
008 C000201 801-17813
008 D010201 BETHESDA
008 D020201 MD
008 D030201 20814
008 D040201 9814
008 A000202 APODACA-JOHNSTON, INC.
008 B000202 S
008 C000202 801-29032
008 D010202 SAN FRANCISCO
008 D020202 CA
008 D030202 94104
008 A000203 BROWN CAPITAL MANAGEMENT, INC.
008 B000203 S
008 C000203 801-19287
008 D010203 BALTIMORE
008 D020203 MD
008 D030203 21201
024 000200 N
029 000200 Y
<PAGE> PAGE 10
030 A000200 0
030 B000200 0.00
030 C000200 0.00
031 A000200 0
031 B000200 0
032 000200 0
033 000200 0
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 0
044 000200 0
045 000200 Y
046 000200 Y
047 000200 N
048 000200 0.000
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
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 Y
052 000200 N
053 A000200 N
062 A000200 N
062 B000200 0.0
062 C000200 0.0
<PAGE> PAGE 11
062 D000200 0.0
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
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
<PAGE> PAGE 12
070 R010200 N
070 R020200 N
SIGNATURE WILLIAM M. TARTIKOFF
TITLE GENERAL COUNSEL
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000884110
<NAME> CALVERT WORLD VALUES FUND, INC.
<SERIES>
<NUMBER> 226
<NAME> INTERNATIONAL EQUITY PORTFOLIO, CLASS C
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-01-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 183826
<INVESTMENTS-AT-VALUE> 203365
<RECEIVABLES> 2489
<ASSETS-OTHER> 1795
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 207649
<PAYABLE-FOR-SECURITIES> 1303
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 144
<TOTAL-LIABILITIES> 1447
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6943
<SHARES-COMMON-STOCK> 393
<SHARES-COMMON-PRIOR> 373
<ACCUMULATED-NII-CURRENT> (113)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 501
<NET-ASSETS> 7338
<DIVIDEND-INCOME> 107
<INTEREST-INCOME> 24
<OTHER-INCOME> 0
<EXPENSES-NET> 98
<NET-INVESTMENT-INCOME> (33)
<REALIZED-GAINS-CURRENT> 180
<APPREC-INCREASE-CURRENT> 190
<NET-CHANGE-FROM-OPS> 337
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (159)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1004
<NUMBER-OF-SHARES-REDEEMED> (773)
<SHARES-REINVESTED> 150
<NET-CHANGE-IN-ASSETS> 559
<ACCUMULATED-NII-PRIOR> 80
<ACCUMULATED-GAINS-PRIOR> (12)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 35
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 105
<AVERAGE-NET-ASSETS> 7046
<PER-SHARE-NAV-BEGIN> 18.20
<PER-SHARE-NII> (0.07)
<PER-SHARE-GAIN-APPREC> 0.97
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.42)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.68
<EXPENSE-RATIO> 2.84
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000884110
<NAME> CALVERT WORLD VALUES FUND, INC.
<SERIES>
<NUMBER> 221
<NAME> INTERNATIONAL EQUITY PORTFOLIO, CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-01-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 183826
<INVESTMENTS-AT-VALUE> 203365
<RECEIVABLES> 2489
<ASSETS-OTHER> 1795
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 207649
<PAYABLE-FOR-SECURITIES> 1303
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 144
<TOTAL-LIABILITIES> 1447
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 174540
<SHARES-COMMON-STOCK> 10371
<SHARES-COMMON-PRIOR> 10422
<ACCUMULATED-NII-CURRENT> 177
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5093
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 19054
<NET-ASSETS> 198864
<DIVIDEND-INCOME> 1585
<INTEREST-INCOME> 274
<OTHER-INCOME> 0
<EXPENSES-NET> 1761
<NET-INVESTMENT-INCOME> 98
<REALIZED-GAINS-CURRENT> 4989
<APPREC-INCREASE-CURRENT> 5609
<NET-CHANGE-FROM-OPS> 10696
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (525)
<DISTRIBUTIONS-OF-GAINS> (4308)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13041
<NUMBER-OF-SHARES-REDEEMED> (18490)
<SHARES-REINVESTED> 4419
<NET-CHANGE-IN-ASSETS> 4833
<ACCUMULATED-NII-PRIOR> 604
<ACCUMULATED-GAINS-PRIOR> 4412
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 984
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1891
<AVERAGE-NET-ASSETS> 197381
<PER-SHARE-NAV-BEGIN> 18.62
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 1.02
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> (0.42)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.18
<EXPENSE-RATIO> 1.79
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
