PAINEWEBBER SECURITIES TRUST
NSAR-A, 1995-09-27
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<PAGE>      PAGE  1
000 A000000 07/31/95
000 C000000 0000894632
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 PAINEWEBBER SECURITIES TRUST
001 B000000 811-7374
001 C000000 2127131074
002 A000000 1285 AVE OF THE AMERICAS
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10019
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 PAINEWEBBER STRATEGIC INCOME 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
008 A00AA01 MITCHELL HUTCHINS ASSET MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-13219
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10019
010 A00AA01 .ITCHELL HUTCHINS ASSET MANAGEMENT, INC.
010 B00AA01 801-13219
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10019
011 A00AA01 PAINEWEBBER INC.
011 B00AA01 8-16267
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10019
012 A00AA01 PROVIDENT FINANCIAL PROCESSING CORP.
<PAGE>      PAGE  2
012 B00AA01 84-0000
012 C01AA01 WILMINGTON
012 C02AA01 DE
012 C03AA01 19809
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
014 A00AA01 PAINEWEBBER INC.
014 B00AA01 8-16267
014 A00AA02 MITCHELL HUTCHINS ASSET MANAGEMENT
014 B00AA02 8-21901
015 A00AA01 STATE STREET BANK & TRUST CO.
015 B00AA01 C
015 C01AA01 NORTH QUINCY
015 C02AA01 MA
015 C03AA01 02171
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   87
019 C00AA00 PAINEWEBBE
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020 C000008      0
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020 C000010      0
021  000000        0
022 A000001 FIRST CHICAGO CAPITAL MARKETS
022 B000001 36-3595942
022 C000001    117348
022 D000001      1993
022 A000002 NOMURA SECURITIES INTL INC.
022 B000002 13-2642206
022 C000002     43970
022 D000002       807
022 A000003 SALOMON BROTHERS INC.
022 B000003 13-3082694
022 C000003     25139
022 D000003      3359
022 A000004 MORGAN STANLEY AND CO, INC.
022 B000004 13-2655998
022 C000004     18230
022 D000004       990
022 A000005 CITICORP SECURITIES MARKETS INC.
022 B000005 13-5266470
<PAGE>      PAGE  3
022 C000005     15776
022 D000005       955
022 A000006 DAIWA
022 B000006 13-5680329
022 C000006     12414
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022 A000007 GOLDMAN SACHS
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022 C000007      7830
022 D000007      4317
022 A000008 YAMAICHI SECURITIES
022 B000008 13-5659656
022 C000008     12077
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022 A000009 G.X. CLARKE
022 B000009 13-2969143
022 C000009      9664
022 D000009      1247
022 A000010 STATE STREET BANK AND TRUST CO.
022 B000010 04-1867445
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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SIGNATURE   JULIAN SLUYTERS                              
TITLE       TREASURER           
 

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

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> PAINEWEBBER STRATEGIC INCOME FUND - CLASS A
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-1996
<PERIOD-END>                               JUL-31-1995
<INVESTMENTS-AT-COST>                            9,870
<INVESTMENTS-AT-VALUE>                           9,685
<RECEIVABLES>                                      389
<ASSETS-OTHER>                                      32
<OTHER-ITEMS-ASSETS>                                44
<TOTAL-ASSETS>                                  10,150
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           55
<TOTAL-LIABILITIES>                                 55
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        11,284
<SHARES-COMMON-STOCK>                            1,113
<SHARES-COMMON-PRIOR>                            1,296
<ACCUMULATED-NII-CURRENT>                            4
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (998)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         (195)
<NET-ASSETS>                                    10,095
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  554
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    (86)
<NET-INVESTMENT-INCOME>                            468
<REALIZED-GAINS-CURRENT>                         (108)
<APPREC-INCREASE-CURRENT>                          651
<NET-CHANGE-FROM-OPS>                            1,011
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (488)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             63
<NUMBER-OF-SHARES-REDEEMED>                      (273)
<SHARES-REINVESTED>                                 27
<NET-CHANGE-IN-ASSETS>                           (183)
<ACCUMULATED-NII-PRIOR>                             22
<ACCUMULATED-GAINS-PRIOR>                      (1,004)    
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               40
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     86
<AVERAGE-NET-ASSETS>                            10,725
<PER-SHARE-NAV-BEGIN>                             8.60
<PER-SHARE-NII>                                   0.39
<PER-SHARE-GAIN-APPREC>                           0.48
<PER-SHARE-DIVIDEND>                            (0.40)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.07
<EXPENSE-RATIO>                                   1.62
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> PAINEWEBBER STRATEGIC INCOME FUND - CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-1996
<PERIOD-END>                               JUL-31-1995
<INVESTMENTS-AT-COST>                           42,242
<INVESTMENTS-AT-VALUE>                          41,447
<RECEIVABLES>                                    1,666
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<TOTAL-ASSETS>                                  43,437
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<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          235
<TOTAL-LIABILITIES>                                235
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        48,292
<SHARES-COMMON-STOCK>                            4,765
<SHARES-COMMON-PRIOR>                            4,735
<ACCUMULATED-NII-CURRENT>                           18
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (4,274)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         (834)
<NET-ASSETS>                                    43,202
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                2,136
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (484)
<NET-INVESTMENT-INCOME>                          1,652
<REALIZED-GAINS-CURRENT>                         (462)
<APPREC-INCREASE-CURRENT>                        2,788
<NET-CHANGE-FROM-OPS>                            3,978   
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (1,710)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            684
<NUMBER-OF-SHARES-REDEEMED>                      (748)
<SHARES-REINVESTED>                                 94
<NET-CHANGE-IN-ASSETS>                              30
<ACCUMULATED-NII-PRIOR>                             79
<ACCUMULATED-GAINS-PRIOR>                      (3,667)    
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              153
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    484
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<PER-SHARE-NII>                                   0.37
<PER-SHARE-GAIN-APPREC>                           0.47
<PER-SHARE-DIVIDEND>                            (0.37)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.07
<EXPENSE-RATIO>                                   2.37
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> PAINEWEBBER STRATEGIC INCOME FUND - CLASS D
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-1996
<PERIOD-END>                               JUL-31-1995
<INVESTMENTS-AT-COST>                           20,844
<INVESTMENTS-AT-VALUE>                          20,452
<RECEIVABLES>                                      822
<ASSETS-OTHER>                                      67
<OTHER-ITEMS-ASSETS>                                93
<TOTAL-ASSETS>                                  21,434
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          116
<TOTAL-LIABILITIES>                                116
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        23,830
<SHARES-COMMON-STOCK>                            2,351
<SHARES-COMMON-PRIOR>                            2,466
<ACCUMULATED-NII-CURRENT>                            9
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (2,109)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         (412)
<NET-ASSETS>                                    21,318
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                1,111
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (225)
<NET-INVESTMENT-INCOME>                            886
<REALIZED-GAINS-CURRENT>                         (228)
<APPREC-INCREASE-CURRENT>                        1,376
<NET-CHANGE-FROM-OPS>                            2,034    
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (920)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            255
<NUMBER-OF-SHARES-REDEEMED>                      (438)
<SHARES-REINVESTED>                                 68
<NET-CHANGE-IN-ASSETS>                           (115)
<ACCUMULATED-NII-PRIOR>                             41
<ACCUMULATED-GAINS-PRIOR>                      (1,911)     
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               80
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    225
<AVERAGE-NET-ASSETS>                            21,474
<PER-SHARE-NAV-BEGIN>                             8.60
<PER-SHARE-NII>                                   0.37
<PER-SHARE-GAIN-APPREC>                           0.48
<PER-SHARE-DIVIDEND>                            (0.38)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.07
<EXPENSE-RATIO>                                   2.12
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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