PHOENIX MULTI SECTOR SHORT TERM BOND FUND
NSAR-A, 1996-07-01
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SIGNATURE   JACKIE PORTER                                
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 001
   <NAME> PHOENIX MULTI-SECTOR SHORT TERM BOND FUND CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1996
<PERIOD-START>                             NOV-01-1995
<PERIOD-END>                               APR-30-1996
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                             2228
<SHARES-COMMON-PRIOR>                             1961
<ACCUMULATED-NII-CURRENT>                            0
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<OVERDISTRIBUTION-GAINS>                         (368)
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<OTHER-INCOME>                                       0
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<APPREC-INCREASE-CURRENT>                         (23)
<NET-CHANGE-FROM-OPS>                              631
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 002
   <NAME> PHOENIX MULTI-SECTOR SHORT TERM BOND FUND CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1996
<PERIOD-START>                             NOV-01-1995
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<ASSETS-OTHER>                                      28
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                             1007
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<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (16)
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<PER-SHARE-DIVIDEND>                            (0.16)
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<EXPENSE-RATIO>                                   1.49
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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