NICHOLAS APPLEGATE MUTUAL FUNDS
NSAR-B, 1999-05-21
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<PAGE>      PAGE  1
000 B000000 03/31/99
000 C000000 0000895430
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 PILGRIM MUTUAL FUNDS
001 B000000 811-7428
001 C000000 6024178100
002 A000000 40 NORTH CENTRAL AVENUE, SUITE 1200
002 B000000 PHOENIX
002 C000000 AZ
002 D010000 85004
002 D020000 4424
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 21
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C020400 MID CAP GROWTH FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C020900 CONVERTIBLE FUND
007 C030900 N
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C021400 BALANCED GROWTH FUND
007 C031400 N
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C021900 WORLDWIDE GROWTH FUND
007 C031900 N
007 C012000 20
<PAGE>      PAGE  2
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C022500 MONEY MARKET FUND
007 C032500 N
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C022900 INTERNATIONAL SMALL CAP GROWTH FUND
007 C032900 N
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C023400 SMALL CAP GROWTH FUND
007 C033400 N
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C023900 EMERGING COUNTRIES FUND
007 C033900 N
007 C014000 40
007 C014100 41
007 C024100 MINI-CAP GROWTH FUND
007 C034100 N
007 C014200 42
007 C024200 HIGH QUALITY BOND FUND
007 C034200 N
007 C014300 43
007 C024300 SHORT-INTERMEDIATE FUND
007 C034300 N
007 C014400 44
007 C024400 VALUE FUND
007 C034400 N
007 C014500 45
007 C024500 STRATEGIC INCOME FUND
007 C034500 Y
007 C014600 46
007 C024600 HIGH YIELD BOND FUND
007 C034600 N
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
007 C025000 INTERNATIONAL CORE GROWTH FUND
<PAGE>      PAGE  3
007 C035000 N
007 C015100 51
007 C015200 52
007 C015300 53
007 C015400 54
007 C015500 55
007 C025500 LARGE CAP GROWTH FUND
007 C035500 N
007 C015600 56
007 C015700 57
007 C025700 GLOBAL GROWTH & INCOME FUND
007 C035700 N
007 C015800 58
007 C025800 EMERGING MARKETS BOND FUND
007 C035800 Y
007 C015900 59
007 C025900 GLOBAL BLUE CHIP FUND
007 C035900 N
007 C016000 60
007 C026000 LATIN AMERICA FUND
007 C036000 N
007 C016100 61
007 C026100 PACIFIC RIM FUND
007 C036100 N
007 C016200 62
007 C026200 GREATER CHINA FUND
007 C036200 N
007 C016300 63
007 C026300 GLOBAL TECHNOLOGY FUND
007 C036300 N
007 C016400 64
007 C016500 65
007 C016600 66
007 C016700 67
007 C016800 68
007 C016900 69
007 C017000 70
008 A00AA01 NICHOLAS-APPLEGATE CAPITAL MANAGEMENT
008 B00AA01 A
008 C00AA01 801-21442
008 D01AA01 SAN DIEGO
008 D02AA01 CA
008 D03AA01 92101
010 A00AA01 INVESTMENT COMPANY ADMINISTRATION LLC
010 C01AA01 GLENDORA
010 C02AA01 CA
010 C03AA01 91741
010 A00AA02 NICHOLAS-APPLEGATE CAPITAL MANAGEMENT
010 B00AA02 801-21442
010 C01AA02 SAN DIEGO
010 C02AA02 CA
<PAGE>      PAGE  4
010 C03AA02 92101
011 A00AA01 PILGRIM SECURITIES, INC.
011 B00AA01 8-48020
011 C01AA01 PHOENIX
011 C02AA01 AZ
011 C03AA01 85004
012 A00AA01 STATE STREET BANK AND TRUST
012 B00AA01 84-000000
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02266
013 A00AA01 ERNST & YOUNG
013 B01AA01 LOS ANGELES
013 B02AA01 CA
013 B03AA01 90071
014 A00AA01 PILGRIM SECURITIES, INC.
014 B00AA01 8-48020
015 A00AA01 BANKBOSTON, N.A.
015 B00AA01 S
015 C01AA01 BUENOS AIRES
015 D01AA01 ARGENTINA
015 E04AA01 X
015 A00AA02 NATIONAL AUSTRALIA BANK LTD.
015 B00AA02 S
015 C01AA02 MELBOURNE
015 D01AA02 AUSTRALIA
015 E04AA02 X
015 A00AA03 CREDITANSTALT AG
015 B00AA03 S
015 C01AA03 VIENNA
015 D01AA03 AUSTRIA
015 E04AA03 X
015 A00AA04 BRITISH BANK OF THE MIDDLE EAST FOR HONG KONG
015 B00AA04 S
015 C01AA04 AL MANAMA
015 D01AA04 BAHRAIN
015 E04AA04 X
015 A00AA05 STANDARD CHARTERED BANK
015 B00AA05 S
015 C01AA05 DHAKA
015 D01AA05 BANGLADESH
015 E04AA05 X
015 A00AA06 BANQUE BRUXELLES LAMBERT
015 B00AA06 S
015 C01AA06 BRUSSELS
015 D01AA06 BELGIUM
015 E04AA06 X
015 A00AA07 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B00AA07 S
015 C01AA07 HAMILTON
015 D01AA07 BERMUDA
<PAGE>      PAGE  5
015 E04AA07 X
015 A00AA08 CITIBANK, N.A.
015 B00AA08 S
015 C01AA08 LA PAZ
015 D01AA08 BOLIVIA
015 E04AA08 X
015 A00AA09 STANBIC BANK BOTSWANA LIMITED
015 B00AA09 S
015 C01AA09 GABORONE
015 D01AA09 BOTSWANA
015 E04AA09 X
015 A00AA10 BANKBOSTON, N.A.
015 B00AA10 S
015 C01AA10 SAO PAULO
015 D01AA10 BRAZIL
015 E04AA10 X
015 A00AA11 INTERNATIONALE NEDERLANDEN BANK N.V.
015 B00AA11 S
015 C01AA11 SOFIA
015 D01AA11 BULGARIA
015 E04AA11 X
015 A00AA12 THE ROYAL BANK OF CANADA
015 B00AA12 S
015 C01AA12 TORONTO
015 D01AA12 CANADA
015 E04AA12 X
015 A00AA13 CITIBANK, N.A.
015 B00AA13 S
015 C01AA13 SANTIAGO
015 D01AA13 CHILE
015 E04AA13 X
015 A00AA14 STANDARD CHARTERED BANK
015 B00AA14 S
015 C01AA14 SHANGHAI
015 D01AA14 CHINA
015 E04AA14 X
015 A00AA15 STANDARD CHARTERED BANK
015 B00AA15 S
015 C01AA15 SHENZHEN
015 D01AA15 CHINA
015 E04AA15 X
015 A00AA16 CITITRUST COLOMBIA, S.A. SOCIEDAD FIDUCIARIA
015 B00AA16 S
015 C01AA16 BOGOTA
015 D01AA16 COLOMBIA
015 E04AA16 X
015 A00AA17 CORPORACION BCT S.A.
015 B00AA17 S
015 C01AA17 SAN JOSE
015 D01AA17 COSTA RICA
015 E04AA17 X
<PAGE>      PAGE  6
015 A00AA18 PRIVEDNA BANKA ZAGREB
015 B00AA18 S
015 C01AA18 ZAGREB
015 D01AA18 CROATIA
015 E04AA18 X
015 A00AA19 CYPRUS POPULAR BANK LTD.
015 B00AA19 S
015 C01AA19 NICOSIA
015 D01AA19 CYPRUS
015 E04AA19 X
015 A00AA20 CITIBANK A.S. FOR CITIBANK N.A.
015 B00AA20 S
015 C01AA20 PRAGUE
015 D01AA20 CZECH REPUBLIC
015 E04AA20 X
015 A00AA21 DEN DANSKE BANK
015 B00AA21 S
015 C01AA21 COPENHAGEN
015 D01AA21 DENMARK
015 E04AA21 X
015 A00AA22 CITIBANK, N.A.
015 B00AA22 S
015 C01AA22 QUITO
015 D01AA22 ECUADOR
015 E04AA22 X
015 A00AA23 CITIBANK, N.A.
015 B00AA23 S
015 C01AA23 CAIRO
015 D01AA23 EGYPT
015 E04AA23 X
015 A00AA24 HANSABANK, TALLIN THROUGH MERITA BANK
015 B00AA24 S
015 C01AA24 TALLIN
015 D01AA24 ESTONIA
015 E04AA24 X
015 A00AA25 MERITA BANK
015 B00AA25 S
015 C01AA25 HELSINKI
015 D01AA25 FINLAND
015 E04AA25 X
015 A00AA26 CREDIT AGRICOLE INDOSUEZ
015 B00AA26 S
015 C01AA26 PARIS
015 D01AA26 FRANCE
015 E04AA26 X
015 A00AA27 DRESDNER BANK
015 B00AA27 S
015 C01AA27 FRANKFURT
015 D01AA27 GERMANY
015 E04AA27 X
015 A00AA28 MERCHANT BANK (GHANA) LIMITED
<PAGE>      PAGE  7
015 B00AA28 S
015 C01AA28 ACCRA
015 D01AA28 GHANA
015 E04AA28 X
015 A00AA29 CITIBANK, N.A.
015 B00AA29 S
015 C01AA29 ATHENS
015 D01AA29 GREECE
015 E04AA29 X
015 A00AA30 STANDARD CHARTERED BANK
015 B00AA30 S
015 C01AA30 HONG KONG
015 D01AA30 HONG KONG
015 E04AA30 X
015 A00AA31 CITIBANK BUDAPEST RT.
015 B00AA31 S
015 C01AA31 BUDAPEST
015 D01AA31 HUNGARY
015 E04AA31 X
015 A00AA32 CITIBANK, N.A.
015 B00AA32 S
015 C01AA32 MUMBAI
015 D01AA32 INDIA
015 E04AA32 X
015 A00AA33 CITIBANK, N.A.
015 B00AA33 S
015 C01AA33 JAKARTA
015 D01AA33 INDONESIA
015 E04AA33 X
015 A00AA34 ALLIED IRISH BANKS PLC
015 B00AA34 S
015 C01AA34 DUBLIN
015 D01AA34 IRELAND
015 E04AA34 X
015 A00AA35 BANK HAPOALIM B.M.
015 B00AA35 S
015 C01AA35 TEL AVIV
015 D01AA35 ISRAEL
015 E04AA35 X
015 A00AA36 BANCA COMMERCIALE ITALIANA
015 B00AA36 S
015 C01AA36 MILAN
015 D01AA36 ITALY
015 E04AA36 X
015 A00AA37 THE SUMITOMO BANK LIMITED
015 B00AA37 S
015 C01AA37 TOKYO
015 D01AA37 JAPAN
015 E04AA37 X
015 A00AA38 ARAB BANK PLC
015 B00AA38 S
<PAGE>      PAGE  8
015 C01AA38 AMMAN
015 D01AA38 JORDAN
015 E04AA38 X
015 A00AA39 STANBIC BANK KENYA LIMITED
015 B00AA39 S
015 C01AA39 NAIROBI
015 D01AA39 KENYA
015 E04AA39 X
015 A00AA40 CITIBANK, N.A.
015 B00AA40 S
015 C01AA40 SEOUL
015 D01AA40 KOREA
015 E04AA40 X
015 A00AA41 SOCIETE GENERALE RIGA BRANCH
015 B00AA41 S
015 C01AA41 RIGA
015 D01AA41 LATVIA
015 E04AA41 X
015 A00AA42 BRITISH BANK OF THE MIDDLE EAST
015 B00AA42 S
015 C01AA42 BEIRUT
015 D01AA42 LEBANON
015 E04AA42 X
015 A00AA43 VILNIAUS BANKAS
015 B00AA43 S
015 C01AA43 VILNIUS
015 D01AA43 LITHUANIA
015 E04AA43 X
015 A00AA44 KREDIETBANK
015 B00AA44 S
015 C01AA44 LUXEMBOURG
015 D01AA44 LUXEMBOURG
015 E04AA44 X
015 A00AA45 HONGKONG BANK MALAYSIA BERHAD
015 B00AA45 S
015 C01AA45 KUALA-LUMPUR
015 D01AA45 MALAYSIA
015 E04AA45 X
015 A00AA46 HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B00AA46 S
015 C01AA46 PORT LOUIS
015 D01AA46 MAURITIUS
015 E04AA46 X
015 A00AA47 BANCO SANTANDER DE NEGOCIOS MEXICO, S.A.
015 B00AA47 S
015 C01AA47 MEXICO CITY
015 D01AA47 MEXICO
015 E04AA47 X
015 A00AA48 BANQUE MAROCAINE DU COMMERCE EXTERIEUR
015 B00AA48 S
015 C01AA48 CASABLANCA
<PAGE>      PAGE  9
015 D01AA48 MOROCCO
015 E04AA48 X
015 A00AA49 STANDARD BANK NAMIBIA
015 B00AA49 S
015 C01AA49 WINDHOEK
015 D01AA49 NAMIBIA
015 E04AA49 X
015 A00AA50 ABN-AMRO BANK
015 B00AA50 S
015 C01AA50 AMSTERDAM
015 D01AA50 NETHERLANDS
015 E04AA50 X
015 A00AA51 NATIONAL AUSTRALIA BANK LTD.
015 B00AA51 S
015 C01AA51 AUCKLAND
015 D01AA51 NEW ZEALAND
015 E04AA51 X
015 A00AA52 DEN NORSKE BANK
015 B00AA52 S
015 C01AA52 OSLO
015 D01AA52 NORWAY
015 E04AA52 X
015 A00AA53 BRITISH BANK OF THE MIDDLE EAST
015 B00AA53 S
015 C01AA53 MUSCAT
015 D01AA53 OMAN
015 E04AA53 X
015 A00AA54 STANDARD CHARTERED BANK, KARACHI
015 B00AA54 S
015 C01AA54 KARACHI
015 D01AA54 PAKISTAN
015 E04AA54 X
015 A00AA55 BANKBOSTON, N.A.
015 B00AA55 S
015 C01AA55 PANAMA CITY
015 D01AA55 PANAMA
015 E04AA55 X
015 A00AA56 CITIBANK, N.A.
015 B00AA56 S
015 C01AA56 LIMA
015 D01AA56 PERU
015 E04AA56 X
015 A00AA57 CITIBANK, N.A.
015 B00AA57 S
015 C01AA57 MANILA
015 D01AA57 PHILIPPINES
015 E04AA57 X
015 A00AA58 CITIBANK POLAND, S.A.
015 B00AA58 S
015 C01AA58 WARSAW
015 D01AA58 POLAND
<PAGE>      PAGE  10
015 E04AA58 X
015 A00AA59 BANCO COMERCIAL PORTUGUES
015 B00AA59 S
015 C01AA59 LISBON
015 D01AA59 PORTUGAL
015 E04AA59 X
015 A00AA60 INTERNATIONALE NEDERLANDEN BANK N.V.
015 B00AA60 S
015 C01AA60 BUCHAREST
015 D01AA60 ROMANIA
015 E04AA60 X
015 A00AA61 BANK CREDIT SUISSE FIRST BOSTON AO
015 B00AA61 S
015 C01AA61 MOSCOW
015 D01AA61 RUSSIA
015 E04AA61 X
015 A00AA62 CITIBANK T/O FOR CITIBANK, N.A.
015 B00AA62 S
015 C01AA62 MOSCOW
015 D01AA62 RUSSIA
015 E04AA62 X
015 A00AA63 STANDARD CHARTERED BANK
015 B00AA63 S
015 C01AA63 SINGAPORE
015 D01AA63 SINGAPORE
015 E04AA63 X
015 A00AA64 INTERNATIONALE NEDERLANDEN BANK N.V.
015 B00AA64 S
015 C01AA64 BRATISLAVA
015 D01AA64 SLOVAKIA
015 E04AA64 X
015 A00AA65 STANDARD BANK OF SOUTH AFRICA
015 B00AA65 S
015 C01AA65 JOHANNESBURG
015 D01AA65 SOUTH AFRICA
015 E04AA65 X
015 A00AA66 BANCO SANTANDER
015 B00AA66 S
015 C01AA66 MADRID
015 D01AA66 SPAIN
015 E04AA66 X
015 A00AA67 HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B00AA67 S
015 C01AA67 COLOMBO
015 D01AA67 SRI LANKA
015 E04AA67 X
015 A00AA68 STANDARD BANK SWAZILAND LIMITED
015 B00AA68 S
015 C01AA68 MBABANE
015 D01AA68 SWAZILAND
015 E04AA68 X
<PAGE>      PAGE  11
015 A00AA69 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA69 S
015 C01AA69 STOCKHOLM
015 D01AA69 SWEDEN
015 E04AA69 X
015 A00AA70 UNION BANK OF SWITZERLAND
015 B00AA70 S
015 C01AA70 ZURICH
015 D01AA70 SWITERLAND
015 E04AA70 X
015 A00AA71 STANDARD CHARTERED BANK
015 B00AA71 S
015 C01AA71 TAIPEI
015 D01AA71 TAIWAN
015 E04AA71 X
015 A00AA72 HONGKONG & SHANGHAI BANKING CORP LTD.
015 B00AA72 S
015 C01AA72 BANGKOK
015 D01AA72 THAILAND
015 E04AA72 X
015 A00AA73 CITIBANK, N.A.
015 B00AA73 S
015 C01AA73 ISTANBUL
015 D01AA73 TURKEY
015 E04AA73 X
015 A00AA74 INTERNATIONALE NEDERLANDEN BANK N.V.
015 B00AA74 S
015 C01AA74 KIEV
015 D01AA74 UKRAINE
015 E04AA74 X
015 A00AA75 RBS TRUST BANK LTD.
015 B00AA75 S
015 C01AA75 LONDON
015 D01AA75 UNITED KINGDOM
015 E04AA75 X
015 A00AA76 BANKBOSTON, N.A.
015 B00AA76 S
015 C01AA76 MONTEVIDEO
015 D01AA76 URUGUAY
015 E04AA76 X
015 A00AA77 CITIBANK, N.A.
015 B00AA77 S
015 C01AA77 CARACAS
015 D01AA77 VENEZUELA
015 E04AA77 X
015 A00AA78 STANBIC BANK ZAMBIA LTD
015 B00AA78 S
015 C01AA78 LUSAKA
015 D01AA78 ZAMBIA
015 E04AA78 X
015 A00AA79 STANBIC BANK ZIMBABWE LTD
<PAGE>      PAGE  12
015 B00AA79 S
015 C01AA79 HARARE
015 D01AA79 ZIMBABWE
015 E04AA79 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   23
019 C00AA00 NAMUTUALFD
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH
020 B000001 13-5674085
020 C000001    908
020 A000002 MORGAN STANLEY & CO.
020 B000002 13-2655998
020 C000002    708
020 A000003 GOLDMAN SACHS & CO.
020 B000003 13-5108880
020 C000003    595
020 A000004 INSTINET
020 B000004 13-3443395
020 C000004    528
020 A000005 SG WARBURG SECURITIES
020 C000005    512
020 A000006 CS FIRST BOSTON
020 C000006    393
020 A000007 DONALDSON, LUFKIN & JENRETTE SECURITIES
020 B000007 13-2741729
020 C000007    310
020 A000008 AUTRANET
020 B000008 13-2961507
020 C000008    280
020 A000009 SALOMAN SMITH BARNEY INC.
020 C000009    267
020 A000010 JEFFERIES & COMPANY, INC.
020 B000010 95-2848406
020 C000010    238
021  000000     6311
022 A000001 MORGAN, J.P. SECURITIES
022 B000001 13-3224016
022 C000001   7092448
022 D000001    299711
022 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000002 13-5674085
022 C000002    261270
022 D000002     52660
022 A000003 MORGAN STANLEY & CO.
022 C000003    170650
022 D000003     90329
022 A000004 LEHMAN BROTHERS
022 B000004 13-2518466
022 C000004    197588
022 D000004     13689
<PAGE>      PAGE  13
022 A000005 GOLDMAN SACHS & CO.
022 C000005    127117
022 D000005     83497
022 A000006 SMITH BARNEY SHEARSON
022 C000006    106898
022 D000006     57903
022 A000007 CS FIRST BOSTON
022 C000007     68640
022 D000007     70621
022 A000008 BEAR, STEARNS & CO.
022 C000008     51446
022 D000008     53611
022 A000009 BT ALEX BROWN, INC.
022 C000009     44534
022 D000009     39141
022 A000010 DONALDSON, LUFKIN & JENRETTE SECURITIES
022 C000010     40985
022 D000010     38151
023 C000000    8397334
023 D000000     986996
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 Y
053 B00AA00 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 N
054 N00AA00 N
054 O00AA00 N
<PAGE>      PAGE  14
077 A000000 Y
077 B000000 Y
077 C000000 Y
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 Y
078  000000 N
080 A00AA00 CHUBB INSURANCE COMPANY
080 C00AA00     1900
081 A00AA00 N
081 B00AA00   0
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
024  000400 N
028 A010400      2282
028 A020400         0
028 A030400         0
028 A040400      8064
028 B010400      2179
028 B020400         0
028 B030400         0
<PAGE>      PAGE  15
028 B040400     13680
028 C010400      2772
028 C020400         0
028 C030400         0
028 C040400     11238
028 D010400      2080
028 D020400         0
028 D030400         0
028 D040400     10884
028 E010400      2201
028 E020400         0
028 E030400         0
028 E040400      8018
028 F010400      5284
028 F020400         0
028 F030400         0
028 F040400     14311
028 G010400     16798
028 G020400         0
028 G030400         0
028 G040400     66195
028 H000400      4450
029  000400 Y
030 A000400    111
030 B000400  5.25
030 C000400  0.00
031 A000400     22
031 B000400      0
032  000400     89
033  000400      0
034  000400 Y
035  000400    177
036 A000400 Y
036 B000400      0
037  000400 N
038  000400      0
039  000400 Y
040  000400 Y
041  000400 Y
042 A000400  28
042 B000400   0
042 C000400   0
042 D000400  25
042 E000400  17
042 F000400   0
042 G000400  30
042 H000400   0
043  000400   1526
044  000400      0
045  000400 Y
046  000400 N
<PAGE>      PAGE  16
047  000400 Y
048  000400  0.000
048 A010400      500
048 A020400 0.750
048 B010400      500
048 B020400 0.675
048 C010400        0
048 C020400 0.000
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     1000
048 K020400 0.650
058 A000400 N
059  000400 Y
060 A000400 Y
060 B000400 Y
061  000400     2000
062 A000400 N
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
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
066 A000400 Y
066 B000400 N
066 C000400 Y
066 D000400 N
<PAGE>      PAGE  17
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
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 Y
070 O010400 Y
070 O020400 Y
070 P010400 N
070 P020400 N
070 Q010400 Y
070 Q020400 N
070 R010400 Y
070 R020400 N
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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024  000900 Y
025 A000901 MERRILL LYNCH & CO.
025 C000901 D
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<PAGE>      PAGE  20
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039  000900 Y
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048 G020900 0.000
<PAGE>      PAGE  21
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048 I020900 0.000
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048 J020900 0.000
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062 O000900   0.0
062 P000900  61.2
062 Q000900   0.0
062 R000900  34.1
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063 B000900 11.3
064 A000900 N
064 B000900 N
066 A000900 Y
066 B000900 N
066 C000900 N
066 D000900 N
066 E000900 N
066 F000900 N
066 G000900 Y
067  000900 Y
068 A000900 N
068 B000900 N
069  000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
070 B020900 N
070 C010900 Y
<PAGE>      PAGE  22
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 Y
070 I020900 N
070 J010900 Y
070 J020900 Y
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 N
070 M010900 Y
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 Y
070 P010900 N
070 P020900 N
070 Q010900 Y
070 Q020900 N
070 R010900 Y
070 R020900 N
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
075 A000900        0
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024  001400 Y
025 A001401 MERRILL LYNCH & CO.
025 C001401 D
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025 A001402 MORGAN STANLEY & CO.
025 C001402 D
025 D001402     431
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<PAGE>      PAGE  25
031 A001400      7
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039  001400 Y
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059  001400 Y
<PAGE>      PAGE  26
060 A001400 Y
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066 A001400 Y
066 B001400 N
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066 D001400 N
066 E001400 Y
066 F001400 N
066 G001400 N
067  001400 Y
068 A001400 N
068 B001400 N
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070 A011400 Y
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070 B021400 N
070 C011400 Y
070 C021400 N
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070 D021400 N
070 E011400 Y
070 E021400 N
070 F011400 Y
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 Y
070 I021400 N
070 J011400 Y
<PAGE>      PAGE  27
070 J021400 Y
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070 N021400 Y
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070 P011400 N
070 P021400 N
070 Q011400 Y
070 Q021400 N
070 R011400 Y
070 R021400 N
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<PAGE>      PAGE  28
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024  001900 N
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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066 A001900 Y
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066 E001900 N
066 F001900 N
066 G001900 N
<PAGE>      PAGE  31
067  001900 N
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<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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024  002500 N
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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062 P002500   0.0
062 Q002500   0.0
062 R002500   0.0
063 A002500  55
063 B002500  0.0
064 A002500 N
064 B002500 N
066 A002500 N
067  002500 N
068 A002500 N
068 B002500 N
069  002500 N
070 A012500 Y
070 A022500 Y
070 B012500 Y
070 B022500 N
070 C012500 Y
070 C022500 N
070 D012500 Y
070 D022500 N
070 E012500 Y
070 E022500 N
070 F012500 Y
070 F022500 N
070 G012500 Y
070 G022500 N
070 H012500 Y
070 H022500 N
070 I012500 Y
070 I022500 N
070 J012500 Y
070 J022500 N
070 K012500 Y
070 K022500 N
070 L012500 Y
070 L022500 N
070 M012500 Y
070 M022500 N
070 N012500 Y
070 N022500 N
070 O012500 Y
070 O022500 N
<PAGE>      PAGE  36
070 P012500 N
070 P022500 N
070 Q012500 Y
070 Q022500 N
070 R012500 Y
070 R022500 N
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072 D002500        0
072 E002500        0
072 F002500      136
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072 H002500        0
072 I002500       79
072 J002500       22
072 K002500        0
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072 U002500        0
072 V002500        0
072 W002500       11
072 X002500      560
072 Y002500      315
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072BB002500        0
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072EE002500        0
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073 A022500   0.0000
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<PAGE>      PAGE  37
074 E002500        0
074 F002500        0
074 G002500        0
074 H002500        0
074 I002500        0
074 J002500        0
074 K002500      146
074 L002500        0
074 M002500        5
074 N002500    37886
074 O002500        0
074 P002500        0
074 Q002500        0
074 R012500        0
074 R022500        0
074 R032500        0
074 R042500       51
074 S002500        0
074 T002500    37835
074 U012500    37834
074 U022500        0
074 V012500     1.00
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074 W002500   0.0000
074 X002500     1189
074 Y002500        0
075 A002500        0
075 B002500    54500
076  002500     0.00
024  002900 N
028 A012900      3882
028 A022900         0
028 A032900         0
028 A042900      1899
028 B012900      8819
028 B022900       738
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028 D032900         0
028 D042900      3781
028 E012900     13110
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028 E032900         0
028 E042900     11162
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<PAGE>      PAGE  38
028 F022900         0
028 F032900         0
028 F042900     10698
028 G012900     57428
028 G022900       738
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028 H002900     15074
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032  002900    133
033  002900      0
034  002900 Y
035  002900     74
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039  002900 Y
040  002900 Y
041  002900 Y
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042 C002900   0
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042 E002900  17
042 F002900   0
042 G002900  30
042 H002900   0
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048 B012900      500
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048 D022900 0.000
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048 E022900 0.000
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<PAGE>      PAGE  39
048 G012900        0
048 G022900 0.000
048 H012900        0
048 H022900 0.000
048 I012900        0
048 I022900 0.000
048 J012900        0
048 J022900 0.000
048 K012900     1000
048 K022900 0.850
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059  002900 Y
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060 B002900 Y
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062 E002900   0.0
062 F002900   0.0
062 G002900   0.0
062 H002900   0.0
062 I002900   0.0
062 J002900   0.0
062 K002900   0.0
062 L002900   0.0
062 M002900   0.0
062 N002900   0.0
062 O002900   0.0
062 P002900   0.0
062 Q002900   0.0
062 R002900   0.0
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066 B002900 N
066 C002900 Y
066 D002900 N
066 E002900 N
066 F002900 N
066 G002900 N
067  002900 N
068 A002900 N
068 B002900 Y
069  002900 N
070 A012900 Y
070 A022900 N
070 B012900 Y
070 B022900 N
070 C012900 Y
070 C022900 N
070 D012900 Y
<PAGE>      PAGE  40
070 D022900 N
070 E012900 Y
070 E022900 N
070 F012900 Y
070 F022900 N
070 G012900 Y
070 G022900 N
070 H012900 Y
070 H022900 N
070 I012900 Y
070 I022900 N
070 J012900 Y
070 J022900 Y
070 K012900 Y
070 K022900 N
070 L012900 Y
070 L022900 Y
070 M012900 Y
070 M022900 N
070 N012900 Y
070 N022900 Y
070 O012900 Y
070 O022900 Y
070 P012900 N
070 P022900 N
070 Q012900 Y
070 Q022900 N
070 R012900 Y
070 R022900 N
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072 A002900 12
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072 C002900      746
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072 F002900     1150
072 G002900      109
072 H002900        0
072 I002900      206
072 J002900      200
072 K002900        0
072 L002900       14
072 M002900        1
072 N002900       53
072 O002900        0
072 P002900        0
072 Q002900      136
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<PAGE>      PAGE  41
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072 T002900      208
072 U002900        0
072 V002900        0
072 W002900       31
072 X002900     2165
072 Y002900      168
072 Z002900     -725
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072BB002900        0
072CC012900    14358
072CC022900        0
072DD012900        0
072DD022900       77
072EE002900     4000
073 A012900   0.0000
073 A022900   0.0870
073 B002900   0.5848
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074 B002900        0
074 C002900     4243
074 D002900        0
074 E002900     2423
074 F002900   152951
074 G002900        0
074 H002900        0
074 I002900        0
074 J002900     3120
074 K002900        0
074 L002900     1024
074 M002900       97
074 N002900   164087
074 O002900     4888
074 P002900       56
074 Q002900        0
074 R012900        0
074 R022900        0
074 R032900        0
074 R042900     2526
074 S002900        0
074 T002900   156617
074 U012900     3271
074 U022900     1205
074 V012900    21.12
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074 W002900   0.0000
074 X002900     4201
074 Y002900        0
075 A002900        0
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<PAGE>      PAGE  42
076  002900     0.00
024  003400 N
028 A013400      7023
028 A023400         0
028 A033400         0
028 A043400     14787
028 B013400      9668
028 B023400      9065
028 B033400         0
028 B043400     12462
028 C013400     12003
028 C023400         0
028 C033400         0
028 C043400     29232
028 D013400      3468
028 D023400         0
028 D033400         0
028 D043400     22347
028 E013400      3181
028 E023400         0
028 E033400         0
028 E043400     18252
028 F013400      7452
028 F023400         0
028 F033400         0
028 F043400     17001
028 G013400     42795
028 G023400      9065
028 G033400         0
028 G043400    114081
028 H003400     14176
029  003400 Y
030 A003400    141
030 B003400  5.25
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031 A003400     24
031 B003400      0
032  003400    117
033  003400      0
034  003400 Y
035  003400    175
036 A003400 Y
036 B003400      0
037  003400 N
038  003400      0
039  003400 Y
040  003400 Y
041  003400 Y
042 A003400  28
042 B003400   0
042 C003400   0
<PAGE>      PAGE  43
042 D003400  25
042 E003400  17
042 F003400   0
042 G003400  30
042 H003400   0
043  003400   1874
044  003400      0
045  003400 Y
046  003400 N
047  003400 Y
048  003400  1.000
048 A013400        0
048 A023400 0.000
048 B013400        0
048 B023400 0.000
048 C013400        0
048 C023400 0.000
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048 D023400 0.000
048 E013400        0
048 E023400 0.000
048 F013400        0
048 F023400 0.000
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048 G023400 0.000
048 H013400        0
048 H023400 0.000
048 I013400        0
048 I023400 0.000
048 J013400        0
048 J023400 0.000
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055 A003400 Y
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057  003400 N
058 A003400 N
059  003400 Y
060 A003400 Y
060 B003400 Y
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062 C003400   0.0
062 D003400   0.0
062 E003400   0.0
062 F003400   0.0
062 G003400   0.0
062 H003400   0.0
062 I003400   0.0
<PAGE>      PAGE  44
062 J003400   0.0
062 K003400   0.0
062 L003400   0.0
062 M003400   0.0
062 N003400   0.0
062 O003400   0.0
062 P003400   0.0
062 Q003400   0.0
062 R003400   0.0
066 A003400 Y
066 B003400 N
066 C003400 Y
066 D003400 N
066 E003400 N
066 F003400 N
066 G003400 N
067  003400 N
068 A003400 N
068 B003400 N
069  003400 N
070 A013400 Y
070 A023400 N
070 B013400 Y
070 B023400 N
070 C013400 Y
070 C023400 N
070 D013400 Y
070 D023400 N
070 E013400 Y
070 E023400 N
070 F013400 Y
070 F023400 N
070 G013400 Y
070 G023400 N
070 H013400 Y
070 H023400 N
070 I013400 Y
070 I023400 N
070 J013400 Y
070 J023400 N
070 K013400 Y
070 K023400 N
070 L013400 Y
070 L023400 N
070 M013400 Y
070 M023400 N
070 N013400 Y
070 N023400 Y
070 O013400 Y
070 O023400 Y
070 P013400 N
<PAGE>      PAGE  45
070 P023400 N
070 Q013400 Y
070 Q023400 N
070 R013400 Y
070 R023400 N
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071 B003400    718845
071 C003400    539070
071 D003400   90
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072 B003400      386
072 C003400     1186
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072 F003400     5335
072 G003400      483
072 H003400        0
072 I003400     1255
072 J003400       47
072 K003400        0
072 L003400       23
072 M003400       54
072 N003400       88
072 O003400        0
072 P003400      445
072 Q003400      579
072 R003400      173
072 S003400      115
072 T003400     1874
072 U003400        0
072 V003400        0
072 W003400      112
072 X003400    10583
072 Y003400      518
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072AA003400    86044
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072CC023400    93771
072DD013400        0
072DD023400        0
072EE003400    54179
073 A013400   0.0000
073 A023400   0.0000
073 B003400   0.6730
073 C003400   0.0000
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074 B003400        0
074 C003400        0
074 D003400        0
074 E003400        0
<PAGE>      PAGE  46
074 F003400   505043
074 G003400        0
074 H003400        0
074 I003400        0
074 J003400     6412
074 K003400        0
074 L003400      660
074 M003400       30
074 N003400   512145
074 O003400     1889
074 P003400      495
074 Q003400        0
074 R013400        0
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074 R033400        0
074 R043400     3340
074 S003400        0
074 T003400   506421
074 U013400    15759
074 U023400     5648
074 V013400    13.53
074 V023400    16.72
074 W003400   0.0000
074 X003400    21856
074 Y003400        0
075 A003400        0
075 B003400   533483
076  003400     0.00
024  003900 N
028 A013900     11094
028 A023900         0
028 A033900         0
028 A043900     13041
028 B013900     27249
028 B023900         0
028 B033900         0
028 B043900     12007
028 C013900     24512
028 C023900         0
028 C033900         0
028 C043900     14745
028 D013900     10145
028 D023900         0
028 D033900         0
028 D043900     14577
028 E013900     12820
028 E023900         0
028 E033900         0
028 E043900     20711
028 F013900      9961
028 F023900         0
<PAGE>      PAGE  47
028 F033900         0
028 F043900     20730
028 G013900     95781
028 G023900         0
028 G033900         0
028 G043900     95811
028 H003900     17790
029  003900 Y
030 A003900    100
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031 A003900     18
031 B003900      0
032  003900     82
033  003900      0
034  003900 Y
035  003900    171
036 A003900 Y
036 B003900      0
037  003900 N
038  003900      0
039  003900 Y
040  003900 Y
041  003900 Y
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042 B003900   0
042 C003900   0
042 D003900  25
042 E003900  17
042 F003900   0
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042 H003900   0
043  003900    549
044  003900      0
045  003900 Y
046  003900 N
047  003900 Y
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048 A013900        0
048 A023900 0.000
048 B013900        0
048 B023900 0.000
048 C013900        0
048 C023900 0.000
048 D013900        0
048 D023900 0.000
048 E013900        0
048 E023900 0.000
048 F013900        0
048 F023900 0.000
048 G013900        0
<PAGE>      PAGE  48
048 G023900 0.000
048 H013900        0
048 H023900 0.000
048 I013900        0
048 I023900 0.000
048 J013900        0
048 J023900 0.000
048 K013900        0
048 K023900 0.000
058 A003900 N
059  003900 Y
060 A003900 Y
060 B003900 Y
061  003900     2000
062 A003900 N
062 B003900   0.0
062 C003900   0.0
062 D003900   0.0
062 E003900   0.0
062 F003900   0.0
062 G003900   0.0
062 H003900   0.0
062 I003900   0.0
062 J003900   0.0
062 K003900   0.0
062 L003900   0.0
062 M003900   0.0
062 N003900   0.0
062 O003900   0.0
062 P003900   0.0
062 Q003900   0.0
062 R003900   0.0
066 A003900 Y
066 B003900 N
066 C003900 Y
066 D003900 N
066 E003900 N
066 F003900 N
066 G003900 N
067  003900 N
068 A003900 N
068 B003900 Y
069  003900 N
070 A013900 Y
070 A023900 N
070 B013900 Y
070 B023900 N
070 C013900 Y
070 C023900 N
070 D013900 Y
070 D023900 N
<PAGE>      PAGE  49
070 E013900 Y
070 E023900 N
070 F013900 Y
070 F023900 N
070 G013900 Y
070 G023900 N
070 H013900 Y
070 H023900 N
070 I013900 Y
070 I023900 N
070 J013900 Y
070 J023900 Y
070 K013900 Y
070 K023900 N
070 L013900 Y
070 L023900 Y
070 M013900 Y
070 M023900 N
070 N013900 Y
070 N023900 Y
070 O013900 Y
070 O023900 Y
070 P013900 N
070 P023900 N
070 Q013900 Y
070 Q023900 N
070 R013900 Y
070 R023900 N
071 A003900    632654
071 B003900    558072
071 C003900    262171
071 D003900  213
072 A003900 12
072 B003900      798
072 C003900     4192
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072 E003900      356
072 F003900     3476
072 G003900      228
072 H003900        0
072 I003900      570
072 J003900      940
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072 L003900       78
072 M003900       16
072 N003900       80
072 O003900        0
072 P003900       97
072 Q003900      321
072 R003900      135
072 S003900       45
<PAGE>      PAGE  50
072 T003900      549
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072 V003900        0
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072 X003900     6607
072 Y003900      817
072 Z003900     -444
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072BB003900    83823
072CC013900    10518
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072DD013900        0
072DD023900      782
072EE003900     1117
073 A013900   0.0000
073 A023900   0.0200
073 B003900   0.0721
073 C003900   0.0000
074 A003900     4382
074 B003900        0
074 C003900     3765
074 D003900        0
074 E003900        0
074 F003900   268314
074 G003900        0
074 H003900        0
074 I003900     2035
074 J003900    12484
074 K003900        0
074 L003900     1357
074 M003900       32
074 N003900   292369
074 O003900     8697
074 P003900      169
074 Q003900        0
074 R013900        0
074 R023900        0
074 R033900        0
074 R043900     1297
074 S003900        0
074 T003900   282206
074 U013900    10441
074 U023900     3512
074 V013900    13.44
074 V023900    13.43
074 W003900   0.0000
074 X003900    13744
074 Y003900        0
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076  003900     0.00
<PAGE>      PAGE  51
024  004100 N
028 A014100      6926
028 A024100         0
028 A034100         0
028 A044100      2555
028 B014100     15847
028 B024100      3604
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028 B044100       766
028 C014100      6423
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028 C044100      1713
028 D014100       829
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028 D044100      6196
028 E014100       202
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028 E044100     15497
028 F014100      2298
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028 F044100     17226
028 G014100     32525
028 G024100      3604
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028 G044100     43953
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029  004100 N
030 A004100      0
030 B004100  0.00
030 C004100  0.00
034  004100 N
035  004100      0
036 B004100      0
037  004100 N
038  004100      0
039  004100 Y
040  004100 Y
041  004100 Y
045  004100 Y
046  004100 N
047  004100 Y
048  004100  1.250
048 A014100        0
048 A024100 0.000
048 B014100        0
048 B024100 0.000
048 C014100        0
<PAGE>      PAGE  52
048 C024100 0.000
048 D014100        0
048 D024100 0.000
048 E014100        0
048 E024100 0.000
048 F014100        0
048 F024100 0.000
048 G014100        0
048 G024100 0.000
048 H014100        0
048 H024100 0.000
048 I014100        0
048 I024100 0.000
048 J014100        0
048 J024100 0.000
048 K014100        0
048 K024100 0.000
055 A004100 Y
055 B004100 N
056  004100 Y
057  004100 N
058 A004100 N
059  004100 Y
060 A004100 Y
060 B004100 Y
061  004100   250000
062 A004100 N
062 B004100   0.0
062 C004100   0.0
062 D004100   0.0
062 E004100   0.0
062 F004100   0.0
062 G004100   0.0
062 H004100   0.0
062 I004100   0.0
062 J004100   0.0
062 K004100   0.0
062 L004100   0.0
062 M004100   0.0
062 N004100   0.0
062 O004100   0.0
062 P004100   0.0
062 Q004100   0.0
062 R004100   0.0
066 A004100 Y
066 B004100 N
066 C004100 Y
066 D004100 N
066 E004100 N
066 F004100 N
066 G004100 N
<PAGE>      PAGE  53
067  004100 N
068 A004100 N
068 B004100 N
069  004100 N
070 A014100 Y
070 A024100 N
070 B014100 Y
070 B024100 N
070 C014100 Y
070 C024100 N
070 D014100 Y
070 D024100 N
070 E014100 Y
070 E024100 N
070 F014100 Y
070 F024100 N
070 G014100 Y
070 G024100 N
070 H014100 Y
070 H024100 N
070 I014100 Y
070 I024100 N
070 J014100 Y
070 J024100 N
070 K014100 Y
070 K024100 N
070 L014100 Y
070 L024100 N
070 M014100 Y
070 M024100 N
070 N014100 Y
070 N024100 Y
070 O014100 Y
070 O024100 Y
070 P014100 N
070 P024100 N
070 Q014100 Y
070 Q024100 N
070 R014100 Y
070 R024100 N
071 A004100     81952
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071 C004100     71038
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072 A004100 12
072 B004100      116
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072 D004100        0
072 E004100      130
072 F004100      921
072 G004100       61
<PAGE>      PAGE  54
072 H004100        0
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<PAGE>      PAGE  55
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<PAGE>      PAGE  56
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<PAGE>      PAGE  57
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068 B004200 N
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070 A014200 Y
070 A024200 N
070 B014200 Y
070 B024200 N
070 C014200 Y
070 C024200 N
070 D014200 Y
070 D024200 N
070 E014200 Y
070 E024200 N
<PAGE>      PAGE  58
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070 G014200 Y
070 G024200 N
070 H014200 Y
070 H024200 N
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070 I024200 N
070 J014200 Y
070 J024200 Y
070 K014200 Y
070 K024200 Y
070 L014200 Y
070 L024200 Y
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070 N024200 N
070 O014200 Y
070 O024200 N
070 P014200 N
070 P024200 N
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070 Q024200 N
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<PAGE>      PAGE  59
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025 A004301 DONALDSON, LUFKIN & JENRETTE
<PAGE>      PAGE  60
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<PAGE>      PAGE  61
037  004300 N
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039  004300 Y
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<PAGE>      PAGE  62
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070 A014300 Y
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070 G024300 N
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070 H024300 N
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<PAGE>      PAGE  63
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<PAGE>      PAGE  64
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025 A004401 LEHMAN BROTHERS
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025 A004402 MORGAN STANLEY & CO.
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<PAGE>      PAGE  65
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<PAGE>      PAGE  66
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<PAGE>      PAGE  67
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<PAGE>      PAGE  68
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<PAGE>      PAGE  69
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<PAGE>      PAGE  70
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<PAGE>      PAGE  71
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<PAGE>      PAGE  72
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<PAGE>      PAGE  73
024  004600 N
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040  004600 Y
041  004600 Y
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<PAGE>      PAGE  74
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<PAGE>      PAGE  75
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068 B004600 N
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<PAGE>      PAGE  76
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<PAGE>      PAGE  77
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<PAGE>      PAGE  78
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<PAGE>      PAGE  79
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066 D005000 N
066 E005000 N
066 F005000 N
066 G005000 N
067  005000 N
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<PAGE>      PAGE  80
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<PAGE>      PAGE  81
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<PAGE>      PAGE  82
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<PAGE>      PAGE  83
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<PAGE>      PAGE  84
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070 E025500 N
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070 H025500 N
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070 J025500 N
070 K015500 Y
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<PAGE>      PAGE  85
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<PAGE>      PAGE  86
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<PAGE>      PAGE  87
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<PAGE>      PAGE  88
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<PAGE>      PAGE  89
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<PAGE>      PAGE  90
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<PAGE>      PAGE  91
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<PAGE>      PAGE  92
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<PAGE>      PAGE  93
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<PAGE>      PAGE  94
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<PAGE>      PAGE  95
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<PAGE>      PAGE  96
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<PAGE>      PAGE  97
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<PAGE>      PAGE  99
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<PAGE>      PAGE  100
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<PAGE>      PAGE  101
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<PAGE>      PAGE  102
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<PAGE>      PAGE  103
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<PAGE>      PAGE  104
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<PAGE>      PAGE  105
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<PAGE>      PAGE  106
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<PAGE>      PAGE  107
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<PAGE>      PAGE  108
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<PAGE>      PAGE  109
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<PAGE>      PAGE  110
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<PAGE>      PAGE  111
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<PAGE>      PAGE  112
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<PAGE>      PAGE  114
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SIGNATURE   DENISE LEWIS                                 
TITLE       ASSISTANT TREASURER 
 

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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
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   <NAME> PILGRIM BALANCED FUND CLASS A
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 14
   <NAME> PILGRIM BALANCED FUND CLASS B
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<CURRENCY> US DOLLARS
       
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 14
   <NAME> PILGRIM BALANCED FUND CLASS C
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 14
   <NAME> PILGRIM BALANCED FUND CLASS Q
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 9
   <NAME> PILGRIM CONVERTIBLE FUND CLASS A
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 9
   <NAME> PILGRIM CONVERTIBLE FUND CLASS B
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 9
   <NAME> PILGRIM CONVERTIBLE FUND CLASS C
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 9
   <NAME> PILGRIM CONVERTIBLE FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 9
   <NAME> PILGRIM CONVERTIBLE FUND CLASS Q
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                        225301643
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 58
   <NAME> PILGRIM EMERGING MARKETS BOND FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 39
   <NAME> PILGRIM EMERGING COUNTRIES FUND CLASS A
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 39
   <NAME> PILGRIM EMERGING COUNTRIES FUND CLASS B
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 39
   <NAME> PILGRIM EMERGING COUNTRIES FUND CLASS C
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<CURRENCY> US DOLLARS
       
<S>                             <C>
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<NET-INVESTMENT-INCOME>                       (444466)
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<APPREC-INCREASE-CURRENT>                     10517870
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<NUMBER-OF-SHARES-SOLD>                         521678
<NUMBER-OF-SHARES-REDEEMED>                    1239995
<SHARES-REINVESTED>                               5264
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<ACCUMULATED-NII-PRIOR>                       (938420)
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<GROSS-EXPENSE>                                6606787
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<PER-SHARE-NAV-BEGIN>                            16.98
<PER-SHARE-NII>                                 (0.27)
<PER-SHARE-GAIN-APPREC>                         (3.49)
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<EXPENSE-RATIO>                                   2.90
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 39
   <NAME> PILGRIM EMERGING COUNTRIES FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                        228128831
<INVESTMENTS-AT-VALUE>                       274114010
<RECEIVABLES>                                 13841316
<ASSETS-OTHER>                                 4413785
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               292369111
<PAYABLE-FOR-SECURITIES>                       8696700
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1466233
<TOTAL-LIABILITIES>                           10162933
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     344316502
<SHARES-COMMON-STOCK>                         10441062
<SHARES-COMMON-PRIOR>                          5135768
<ACCUMULATED-NII-CURRENT>                    (2164624)
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<ACCUMULATED-NET-GAINS>                    (105843215)
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<INTEREST-INCOME>                               797757
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<EXPENSES-NET>                                 5790069
<NET-INVESTMENT-INCOME>                       (444466)
<REALIZED-GAINS-CURRENT>                    (83823307)
<APPREC-INCREASE-CURRENT>                     10517870
<NET-CHANGE-FROM-OPS>                       (73749903)
<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-SOLD>                        7798321
<NUMBER-OF-SHARES-REDEEMED>                    2520022
<SHARES-REINVESTED>                              26995
<NET-CHANGE-IN-ASSETS>                          635658
<ACCUMULATED-NII-PRIOR>                       (938420)
<ACCUMULATED-GAINS-PRIOR>                   (19876243)
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                          3476180
<INTEREST-EXPENSE>                               99031
<GROSS-EXPENSE>                                6606787
<AVERAGE-NET-ASSETS>                         116214442
<PER-SHARE-NAV-BEGIN>                            17.15
<PER-SHARE-NII>                                 (0.01)
<PER-SHARE-GAIN-APPREC>                         (3.63)
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<PER-SHARE-NAV-END>                              13.44
<EXPENSE-RATIO>                                   1.67
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 39
   <NAME> PILGRIM EMERGING COUNTRIES FUND CLASS Q
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                        228128831
<INVESTMENTS-AT-VALUE>                       274114010
<RECEIVABLES>                                 13841316
<ASSETS-OTHER>                                 4413785
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               292369111
<PAYABLE-FOR-SECURITIES>                       8696700
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1466233
<TOTAL-LIABILITIES>                           10162933
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     344316502
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<NET-INVESTMENT-INCOME>                       (444466)
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<SHARES-REINVESTED>                              36438
<NET-CHANGE-IN-ASSETS>                          635658
<ACCUMULATED-NII-PRIOR>                       (938420)
<ACCUMULATED-GAINS-PRIOR>                   (19876243)
<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                               99031
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<PER-SHARE-NAV-BEGIN>                            17.76
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<PER-SHARE-GAIN-APPREC>                         (3.78)
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<EXPENSE-RATIO>                                   1.94
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 59
   <NAME> PILGRIM GLOBAL BLUE CHIP FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                          8401353
<INVESTMENTS-AT-VALUE>                         9952406
<RECEIVABLES>                                   557258
<ASSETS-OTHER>                                   16717
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                10526381
<PAYABLE-FOR-SECURITIES>                         83719
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        29090
<TOTAL-LIABILITIES>                             112809
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       6628441
<SHARES-COMMON-STOCK>                           508495
<SHARES-COMMON-PRIOR>                           494078
<ACCUMULATED-NII-CURRENT>                      (26611)
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<ACCUMULATED-NET-GAINS>                        2259970
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<ACCUM-APPREC-OR-DEPREC>                       1551772
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<DIVIDEND-INCOME>                                72213
<INTEREST-INCOME>                                 1730
<OTHER-INCOME>                                    8249
<EXPENSES-NET>                                  107222
<NET-INVESTMENT-INCOME>                        (25030)
<REALIZED-GAINS-CURRENT>                       2439966
<APPREC-INCREASE-CURRENT>                       383318
<NET-CHANGE-FROM-OPS>                          2798254
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         69327
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<NUMBER-OF-SHARES-SOLD>                         194931
<NUMBER-OF-SHARES-REDEEMED>                     184922
<SHARES-REINVESTED>                               4408
<NET-CHANGE-IN-ASSETS>                         3093974
<ACCUMULATED-NII-PRIOR>                         (1581)
<ACCUMULATED-GAINS-PRIOR>                     (110669)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            64474
<INTEREST-EXPENSE>                               10352
<GROSS-EXPENSE>                                 253124
<AVERAGE-NET-ASSETS>                           8059247
<PER-SHARE-NAV-BEGIN>                            14.81
<PER-SHARE-NII>                                 (0.05)
<PER-SHARE-GAIN-APPREC>                           5.86
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<PER-SHARE-NAV-END>                              20.48
<EXPENSE-RATIO>                                   1.33
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 57
   <NAME> PILGRIM GLOBAL GROWTH & INCOME FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                          4812540
<INVESTMENTS-AT-VALUE>                         5503933
<RECEIVABLES>                                   117784
<ASSETS-OTHER>                                  218176
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 5839893
<PAYABLE-FOR-SECURITIES>                        191411
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        59024
<TOTAL-LIABILITIES>                             250435
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       4758817
<SHARES-COMMON-STOCK>                           367455
<SHARES-COMMON-PRIOR>                           425488
<ACCUMULATED-NII-CURRENT>                        32609
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         101877
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        696155
<NET-ASSETS>                                   5589458
<DIVIDEND-INCOME>                                72875
<INTEREST-INCOME>                                89017
<OTHER-INCOME>                                    3970
<EXPENSES-NET>                                   76465
<NET-INVESTMENT-INCOME>                          89397
<REALIZED-GAINS-CURRENT>                        270179
<APPREC-INCREASE-CURRENT>                       247919
<NET-CHANGE-FROM-OPS>                           607495
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        56460
<DISTRIBUTIONS-OF-GAINS>                        270030
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<NUMBER-OF-SHARES-SOLD>                          12201
<NUMBER-OF-SHARES-REDEEMED>                      93861
<SHARES-REINVESTED>                              23627
<NET-CHANGE-IN-ASSETS>                        (475552)
<ACCUMULATED-NII-PRIOR>                          (328)
<ACCUMULATED-GAINS-PRIOR>                       101728
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            46259
<INTEREST-EXPENSE>                                3575
<GROSS-EXPENSE>                                 237931
<AVERAGE-NET-ASSETS>                           5442236
<PER-SHARE-NAV-BEGIN>                            14.25
<PER-SHARE-NII>                                   0.22
<PER-SHARE-GAIN-APPREC>                           1.55
<PER-SHARE-DIVIDEND>                              0.13
<PER-SHARE-DISTRIBUTIONS>                         0.68
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.21
<EXPENSE-RATIO>                                   1.41
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 62
   <NAME> PILGRIM GREATER CHINA FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                          1196197
<INVESTMENTS-AT-VALUE>                         1267892
<RECEIVABLES>                                    45827
<ASSETS-OTHER>                                   93161
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1406880
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        22055
<TOTAL-LIABILITIES>                              22055
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       1577684
<SHARES-COMMON-STOCK>                           139296
<SHARES-COMMON-PRIOR>                            84342
<ACCUMULATED-NII-CURRENT>                      (27458)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (237119)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         71718
<NET-ASSETS>                                   1384825
<DIVIDEND-INCOME>                                17779
<INTEREST-INCOME>                                 4546
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   12887
<NET-INVESTMENT-INCOME>                           9438
<REALIZED-GAINS-CURRENT>                      (274012)
<APPREC-INCREASE-CURRENT>                      (30425)
<NET-CHANGE-FROM-OPS>                         (294999)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        38458
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                          53242
<NUMBER-OF-SHARES-REDEEMED>                       1746
<SHARES-REINVESTED>                               3458
<NET-CHANGE-IN-ASSETS>                          192457
<ACCUMULATED-NII-PRIOR>                           1562
<ACCUMULATED-GAINS-PRIOR>                        36893
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                             9285
<INTEREST-EXPENSE>                                  43
<GROSS-EXPENSE>                                 124199
<AVERAGE-NET-ASSETS>                            928470
<PER-SHARE-NAV-BEGIN>                            14.14
<PER-SHARE-NII>                                   0.24
<PER-SHARE-GAIN-APPREC>                         (3.98)
<PER-SHARE-DIVIDEND>                              0.46
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.94
<EXPENSE-RATIO>                                   1.39
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 63
   <NAME> PILGRIM GLOBAL TECHNOLOGY FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                         25765284
<INVESTMENTS-AT-VALUE>                        30121947
<RECEIVABLES>                                  1916884
<ASSETS-OTHER>                                   38115
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<TOTAL-ASSETS>                                32076946
<PAYABLE-FOR-SECURITIES>                       7958979
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        23559
<TOTAL-LIABILITIES>                            7982538
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      16117258
<SHARES-COMMON-STOCK>                           539689
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      (25089)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        3644794
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       4357445
<NET-ASSETS>                                  24094408
<DIVIDEND-INCOME>                                 5021
<INTEREST-INCOME>                                12433
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   42543
<NET-INVESTMENT-INCOME>                        (25089)
<REALIZED-GAINS-CURRENT>                       3644794
<APPREC-INCREASE-CURRENT>                      4357445
<NET-CHANGE-FROM-OPS>                          7977150
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
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<NUMBER-OF-SHARES-SOLD>                         600526
<NUMBER-OF-SHARES-REDEEMED>                      60837
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        24094408
<ACCUMULATED-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                            29783
<INTEREST-EXPENSE>                                 797
<GROSS-EXPENSE>                                 122696
<AVERAGE-NET-ASSETS>                           4473593
<PER-SHARE-NAV-BEGIN>                            12.50
<PER-SHARE-NII>                                 (0.05)
<PER-SHARE-GAIN-APPREC>                          32.19
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              44.64
<EXPENSE-RATIO>                                   1.43
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 42
   <NAME> PILGRIM HIGH QUALITY BOND FUND CLASS A
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                         33856874
<INVESTMENTS-AT-VALUE>                        33576389
<RECEIVABLES>                                  3535059
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<TOTAL-ASSETS>                                37498554
<PAYABLE-FOR-SECURITIES>                        772573
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       160658
<TOTAL-LIABILITIES>                             933231
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      36735960
<SHARES-COMMON-STOCK>                           446257
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<ACCUMULATED-NII-CURRENT>                        59206
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          14629
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<ACCUM-APPREC-OR-DEPREC>                      (244472)
<NET-ASSETS>                                  36565323
<DIVIDEND-INCOME>                               115650
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<NET-INVESTMENT-INCOME>                        1615239
<REALIZED-GAINS-CURRENT>                        330860
<APPREC-INCREASE-CURRENT>                     (372395)
<NET-CHANGE-FROM-OPS>                          1573704
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        95794
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<NUMBER-OF-SHARES-SOLD>                         821607
<NUMBER-OF-SHARES-REDEEMED>                     381014
<SHARES-REINVESTED>                               5664
<NET-CHANGE-IN-ASSETS>                        20806335
<ACCUMULATED-NII-PRIOR>                             14
<ACCUMULATED-GAINS-PRIOR>                       278417
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<GROSS-ADVISORY-FEES>                           124514
<INTEREST-EXPENSE>                                 281
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<PER-SHARE-NAV-BEGIN>                            13.08
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<PER-SHARE-DIVIDEND>                              0.53
<PER-SHARE-DISTRIBUTIONS>                         0.11
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<PER-SHARE-NAV-END>                              12.89
<EXPENSE-RATIO>                                   0.96
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 42
   <NAME> PILGRIM HIGH QUALITY BOND FUND CLASS B
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<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 42
   <NAME> PILGRIM HIGH QUALITY BOND FUND CLASS C
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 42
   <NAME> PILGRIM HIGH QUALITY BOND FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 42
   <NAME> PILGRIM HIGH QUALITY BOND FUND CLASS Q
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
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<EXCHANGE-RATE>                                      1
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 46
   <NAME> PILGRIM HIGH YIELD FUND II CLASS A
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 46
   <NAME> PILGRIM HIGH YIELD FUND II CLASS B
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 46
   <NAME> PILGRIM HIGH YIELD FUND II CLASS C
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 46
   <NAME> PILGRIM HIGH YIELD FUND II CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 46
   <NAME> PILGRIM HIGH YIELD FUND II CLASS Q
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 50
   <NAME> PILGRIM INTERNATIONAL CORE GROWTH FUND CLASS A
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 50
   <NAME> PILGRIM INTERNATIONAL CORE GROWTH FUND CLASS B
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
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<PAYABLE-FOR-SECURITIES>                       6986127
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      2439093
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<SHARES-COMMON-STOCK>                           616782
<SHARES-COMMON-PRIOR>                           464480
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 50
   <NAME> PILGRIM INTERNATIONAL CORE GROWTH FUND CLASS C
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
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<RECEIVABLES>                                  4888544
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<PAYABLE-FOR-SECURITIES>                       6986127
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 50
   <NAME> PILGRIM INTERNATIONAL CORE GROWTH FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
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<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                        142531342
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<PAYABLE-FOR-SECURITIES>                       6986127
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 50
   <NAME> PILGRIM INTERNATIONAL CORE GROWTH FUND CLASS Q
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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<PAYABLE-FOR-SECURITIES>                       6986127
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 29
   <NAME> PILGRIM INTERNATIONAL SMALL CAP GROWTH FUND CLASS A
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 29
   <NAME> PILGRIM INTERNATIONAL SMALL CAP GROWTH FUND CLASS B
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 29
   <NAME> PILGRIM INTERNATIONAL SMALL CAP GROWTH FUND CLASS C
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 29
   <NAME> PILGRIM INTERNATIONAL SMALL CAP GROWTH FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                        124437612
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<ASSETS-OTHER>                                  325630
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<PAYABLE-FOR-SECURITIES>                       4887995
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<SHARES-COMMON-STOCK>                          3270846
<SHARES-COMMON-PRIOR>                          2322516
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 29
   <NAME> PILGRIM INTERNATIONAL SMALL CAP GROWTH FUND CLASS Q
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 60
   <NAME> PILGRIM LATIN AMERICA FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 55
   <NAME> PILGRIM LARGE CAP GROWTH FUND CLASS A
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 55
   <NAME> PILGRIM LARGE CAP GROWTH FUND CLASS B
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 55
   <NAME> PILGRIM LARGE CAP GROWTH FUND CLASS C
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<CURRENCY> US DOLLARS
       
<S>                             <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 55
   <NAME> PILGRIM LARGE CAP GROWTH FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 55
   <NAME> PILGRIM LARGE CAP GROWTH FUND CLASS Q
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 4
   <NAME> PILGRIM MID CAP GROWTH FUND CLASS A
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 4
   <NAME> PILGRIM MID CAP GROWTH FUND CLASS B
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<CURRENCY> US DOLLARS
       
<S>                             <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 4
   <NAME> PILGRIM MID CAP GROWTH FUND CLASS C
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 4
   <NAME> PILGRIM MID CAP GROWTH FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 4
   <NAME> PILGRIM MID CAP GROWTH FUND CLASS Q
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
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<NET-INVESTMENT-INCOME>                      (4514125)
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<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-SOLD>                         194537
<NUMBER-OF-SHARES-REDEEMED>                     185074
<SHARES-REINVESTED>                              37715
<NET-CHANGE-IN-ASSETS>                      (51416115)
<ACCUMULATED-NII-PRIOR>                     (17348284)
<ACCUMULATED-GAINS-PRIOR>                     15634605
<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                               40120
<GROSS-EXPENSE>                                6937631
<AVERAGE-NET-ASSETS>                          11506368
<PER-SHARE-NAV-BEGIN>                            23.30
<PER-SHARE-NII>                                 (0.12)
<PER-SHARE-GAIN-APPREC>                           3.56
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         1.60
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<PER-SHARE-NAV-END>                              25.14
<EXPENSE-RATIO>                                   1.23
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 41
   <NAME> PILGRIM MINI CAP GROWTH FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                         40336953
<INVESTMENTS-AT-VALUE>                        54652200
<RECEIVABLES>                                   883849
<ASSETS-OTHER>                                    3764
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                55539813
<PAYABLE-FOR-SECURITIES>                        532350
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1414423
<TOTAL-LIABILITIES>                            1946773
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      38571510
<SHARES-COMMON-STOCK>                          2648524
<SHARES-COMMON-PRIOR>                          3278934
<ACCUMULATED-NII-CURRENT>                    (2148020)
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<ACCUMULATED-NET-GAINS>                        2884303
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<INTEREST-INCOME>                               115959
<OTHER-INCOME>                                  129508
<EXPENSES-NET>                                 1167154
<NET-INVESTMENT-INCOME>                       (867250)
<REALIZED-GAINS-CURRENT>                       5442273
<APPREC-INCREASE-CURRENT>                   (12989539)
<NET-CHANGE-FROM-OPS>                        (8414516)
<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-SOLD>                        2151115
<NUMBER-OF-SHARES-REDEEMED>                    3025658
<SHARES-REINVESTED>                             244133
<NET-CHANGE-IN-ASSETS>                      (28528890)
<ACCUMULATED-NII-PRIOR>                      (1280770)
<ACCUMULATED-GAINS-PRIOR>                      2365460
<OVERDISTRIB-NII-PRIOR>                              0
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<AVERAGE-NET-ASSETS>                          73710186
<PER-SHARE-NAV-BEGIN>                            25.05
<PER-SHARE-NII>                                 (0.42)
<PER-SHARE-GAIN-APPREC>                         (3.05)
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<PER-SHARE-DISTRIBUTIONS>                         1.34
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<PER-SHARE-NAV-END>                              20.24
<EXPENSE-RATIO>                                   1.59
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 25
   <NAME> PILGRIM MONEY MARKET FUND CLASS A
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                         37716152
<INVESTMENTS-AT-VALUE>                        37716152
<RECEIVABLES>                                   146522
<ASSETS-OTHER>                                   23446
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                37886120
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        51488
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      37833649
<SHARES-COMMON-STOCK>                         37833650
<SHARES-COMMON-PRIOR>                        124863943
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<ACCUMULATED-NET-GAINS>                            829
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<NUMBER-OF-SHARES-REDEEMED>                 1522970060
<SHARES-REINVESTED>                            1988790
<NET-CHANGE-IN-ASSETS>                      (87029653)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          342
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                           136374
<INTEREST-EXPENSE>                                 165
<GROSS-EXPENSE>                                 560570
<AVERAGE-NET-ASSETS>                          54549630
<PER-SHARE-NAV-BEGIN>                             1.00
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<EXPENSE-RATIO>                                   0.45
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 61
   <NAME> PILGRIM PACIFIC RIM FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                           864479
<INVESTMENTS-AT-VALUE>                         1008764
<RECEIVABLES>                                    86838
<ASSETS-OTHER>                                   57521
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1153123
<PAYABLE-FOR-SECURITIES>                          4053
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        50206
<TOTAL-LIABILITIES>                              54259
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       1119801
<SHARES-COMMON-STOCK>                            89125
<SHARES-COMMON-PRIOR>                            94571
<ACCUMULATED-NII-CURRENT>                       (4660)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (160052)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        143775
<NET-ASSETS>                                   1098864
<DIVIDEND-INCOME>                                 8976
<INTEREST-INCOME>                                   63
<OTHER-INCOME>                                      82
<EXPENSES-NET>                                   15877
<NET-INVESTMENT-INCOME>                         (6756)
<REALIZED-GAINS-CURRENT>                      (111135)
<APPREC-INCREASE-CURRENT>                        83997
<NET-CHANGE-FROM-OPS>                          (33894)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                          11462
<NUMBER-OF-SHARES-REDEEMED>                      16908
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         (98200)
<ACCUMULATED-NII-PRIOR>                           2096
<ACCUMULATED-GAINS-PRIOR>                      (48917)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            10116
<INTEREST-EXPENSE>                                1858
<GROSS-EXPENSE>                                 148513
<AVERAGE-NET-ASSETS>                           1011646
<PER-SHARE-NAV-BEGIN>                            12.66
<PER-SHARE-NII>                                 (0.07)
<PER-SHARE-GAIN-APPREC>                         (0.26)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
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<PER-SHARE-NAV-END>                              12.33
<EXPENSE-RATIO>                                   1.57
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 43
   <NAME> PILGRIM SHORT INTERMEDIATE FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                         18164498
<INVESTMENTS-AT-VALUE>                        18248480
<RECEIVABLES>                                   177001
<ASSETS-OTHER>                                   54866
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                18480347
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        13054
<TOTAL-LIABILITIES>                              13054
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      18519755
<SHARES-COMMON-STOCK>                          1451431
<SHARES-COMMON-PRIOR>                          1060314
<ACCUMULATED-NII-CURRENT>                       (2869)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (133575)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         83982
<NET-ASSETS>                                  18467293
<DIVIDEND-INCOME>                                65479
<INTEREST-INCOME>                               889414
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   50021
<NET-INVESTMENT-INCOME>                         904872
<REALIZED-GAINS-CURRENT>                       (39072)
<APPREC-INCREASE-CURRENT>                      (23068)
<NET-CHANGE-FROM-OPS>                           842732
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       907270
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<NUMBER-OF-SHARES-SOLD>                         481478
<NUMBER-OF-SHARES-REDEEMED>                     161326
<SHARES-REINVESTED>                              70965
<NET-CHANGE-IN-ASSETS>                         4932731
<ACCUMULATED-NII-PRIOR>                          (471)
<ACCUMULATED-GAINS-PRIOR>                      (94503)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            44439
<INTEREST-EXPENSE>                                 219
<GROSS-EXPENSE>                                 199200
<AVERAGE-NET-ASSETS>                          14812867
<PER-SHARE-NAV-BEGIN>                            12.76
<PER-SHARE-NII>                                   0.79
<PER-SHARE-GAIN-APPREC>                         (0.04)
<PER-SHARE-DIVIDEND>                              0.79
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.72
<EXPENSE-RATIO>                                   0.34
<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
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 34
   <NAME> PILGRIM SMALL CAP GROWTH FUND CLASS A
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                        341234228
<INVESTMENTS-AT-VALUE>                       505043007
<RECEIVABLES>                                  7073057
<ASSETS-OTHER>                                   29820
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               512145884
<PAYABLE-FOR-SECURITIES>                       1889321
<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                            5724727
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     361772159
<SHARES-COMMON-STOCK>                          5647964
<SHARES-COMMON-PRIOR>                         10225995
<ACCUMULATED-NII-CURRENT>                   (36692610)
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<ACCUMULATED-NET-GAINS>                       17532829
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<DIVIDEND-INCOME>                              1186130
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<EXPENSES-NET>                                10064061
<NET-INVESTMENT-INCOME>                      (7200570)
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<APPREC-INCREASE-CURRENT>                   (93770559)
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<NUMBER-OF-SHARES-REDEEMED>                   49753506
<SHARES-REINVESTED>                             919060
<NET-CHANGE-IN-ASSETS>                     (245869643)
<ACCUMULATED-NII-PRIOR>                     (29492040)
<ACCUMULATED-GAINS-PRIOR>                   (14332020)
<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                              450220
<GROSS-EXPENSE>                               10582225
<AVERAGE-NET-ASSETS>                         117054239
<PER-SHARE-NAV-BEGIN>                            19.75
<PER-SHARE-NII>                                 (0.85)
<PER-SHARE-GAIN-APPREC>                           0.69
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         2.87
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.72
<EXPENSE-RATIO>                                   1.85
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 34
   <NAME> PILGRIM SMALL CAP GROWTH FUND CLASS B
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                        341234228
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<RECEIVABLES>                                  7073057
<ASSETS-OTHER>                                   29820
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<PAYABLE-FOR-SECURITIES>                       1889321
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<TOTAL-LIABILITIES>                            5724727
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     361772159
<SHARES-COMMON-STOCK>                          2137817
<SHARES-COMMON-PRIOR>                          2450788
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<EXPENSES-NET>                                10064061
<NET-INVESTMENT-INCOME>                      (7200570)
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<APPREC-INCREASE-CURRENT>                   (93770559)
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<NUMBER-OF-SHARES-REDEEMED>                    1464484
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<NET-CHANGE-IN-ASSETS>                     (245869643)
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<ACCUMULATED-GAINS-PRIOR>                   (14332020)
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<GROSS-ADVISORY-FEES>                          5334833
<INTEREST-EXPENSE>                              450220
<GROSS-EXPENSE>                               10582225
<AVERAGE-NET-ASSETS>                          46094955
<PER-SHARE-NAV-BEGIN>                            22.53
<PER-SHARE-NII>                                 (0.53)
<PER-SHARE-GAIN-APPREC>                           0.33
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<PER-SHARE-DISTRIBUTIONS>                         1.21
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<EXPENSE-RATIO>                                   2.57
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 34
   <NAME> PILGRIM SMALL CAP GROWTH FUND CLASS C
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
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<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
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<PAYABLE-FOR-SECURITIES>                       1889321
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<PAID-IN-CAPITAL-COMMON>                     361772159
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<SHARES-COMMON-PRIOR>                         12085381
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<NET-INVESTMENT-INCOME>                      (7200570)
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<ACCUMULATED-GAINS-PRIOR>                   (14332020)
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<INTEREST-EXPENSE>                              450220
<GROSS-EXPENSE>                               10582225
<AVERAGE-NET-ASSETS>                         164815378
<PER-SHARE-NAV-BEGIN>                            18.62
<PER-SHARE-NII>                                 (0.84)
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<PER-SHARE-DISTRIBUTIONS>                         1.88
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<PER-SHARE-NAV-END>                              16.51
<EXPENSE-RATIO>                                   2.51
<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
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 34
   <NAME> PILGRIM SMALL CAP GROWTH FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                        341234228
<INVESTMENTS-AT-VALUE>                       505043007
<RECEIVABLES>                                  7073057
<ASSETS-OTHER>                                   29820
<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                       1889321
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<OTHER-ITEMS-LIABILITIES>                      3835406
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     361772159
<SHARES-COMMON-STOCK>                         15758852
<SHARES-COMMON-PRIOR>                         18180077
<ACCUMULATED-NII-CURRENT>                   (36692610)
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<EXPENSES-NET>                                10064061
<NET-INVESTMENT-INCOME>                      (7200570)
<REALIZED-GAINS-CURRENT>                      86043833
<APPREC-INCREASE-CURRENT>                   (93770559)
<NET-CHANGE-FROM-OPS>                       (14927296)
<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-REDEEMED>                   10528574
<SHARES-REINVESTED>                             915910
<NET-CHANGE-IN-ASSETS>                     (245869643)
<ACCUMULATED-NII-PRIOR>                     (29492040)
<ACCUMULATED-GAINS-PRIOR>                   (14332020)
<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                              450220
<GROSS-EXPENSE>                               10582225
<AVERAGE-NET-ASSETS>                         198451936
<PER-SHARE-NAV-BEGIN>                            14.17
<PER-SHARE-NII>                                 (0.14)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.53
<EXPENSE-RATIO>                                   1.25
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 34
   <NAME> PILGRIM SMALL CAP GROWTH FUND CLASS Q
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                        341234228
<INVESTMENTS-AT-VALUE>                       505043007
<RECEIVABLES>                                  7073057
<ASSETS-OTHER>                                   29820
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               512145884
<PAYABLE-FOR-SECURITIES>                       1889321
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      3835406
<TOTAL-LIABILITIES>                            5724727
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     361772159
<SHARES-COMMON-STOCK>                           490665
<SHARES-COMMON-PRIOR>                           649154
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<NET-INVESTMENT-INCOME>                      (7200570)
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<APPREC-INCREASE-CURRENT>                   (93770559)
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<NUMBER-OF-SHARES-REDEEMED>                     970001
<SHARES-REINVESTED>                              18226
<NET-CHANGE-IN-ASSETS>                     (245869643)
<ACCUMULATED-NII-PRIOR>                     (29492040)
<ACCUMULATED-GAINS-PRIOR>                   (14332020)
<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                              450220
<GROSS-EXPENSE>                               10582225
<AVERAGE-NET-ASSETS>                           6704461
<PER-SHARE-NAV-BEGIN>                            19.27
<PER-SHARE-NII>                                 (0.15)
<PER-SHARE-GAIN-APPREC>                           0.22
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<PER-SHARE-DISTRIBUTIONS>                         0.78
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<EXPENSE-RATIO>                                   1.53
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 45
   <NAME> PILGRIM STRATEGIC INCOME FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          MAR-19-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-19-1999
<EXCHANGE-RATE>                                      1
<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
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                           315618
<ACCUMULATED-NII-CURRENT>                            0
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<ACCUMULATED-NET-GAINS>                              0
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<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                35326
<INTEREST-INCOME>                               284406
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   27193
<NET-INVESTMENT-INCOME>                         292539
<REALIZED-GAINS-CURRENT>                      (177853)
<APPREC-INCREASE-CURRENT>                     (147161)
<NET-CHANGE-FROM-OPS>                          (32475)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       298215
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                          24358
<NUMBER-OF-SHARES-REDEEMED>                     343145
<SHARES-REINVESTED>                               3169
<NET-CHANGE-IN-ASSETS>                        (560345)
<ACCUMULATED-NII-PRIOR>                          (227)
<ACCUMULATED-GAINS-PRIOR>                        99490
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            22057
<INTEREST-EXPENSE>                                 106
<GROSS-EXPENSE>                                 122932
<AVERAGE-NET-ASSETS>                           3985261
<PER-SHARE-NAV-BEGIN>                                0
<PER-SHARE-NII>                                      0
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<EXPENSE-RATIO>                                      0
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 44
   <NAME> PILGRIM VALUE FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                         18296029
<INVESTMENTS-AT-VALUE>                        19181453
<RECEIVABLES>                                  1453624
<ASSETS-OTHER>                                   40936
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                21313013
<PAYABLE-FOR-SECURITIES>                       5958973
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        31681
<TOTAL-LIABILITIES>                            5990654
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      13032442
<SHARES-COMMON-STOCK>                           733167
<SHARES-COMMON-PRIOR>                           468460
<ACCUMULATED-NII-CURRENT>                        44685
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         722808
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       1522424
<NET-ASSETS>                                  15322359
<DIVIDEND-INCOME>                               162916
<INTEREST-INCOME>                                 9284
<OTHER-INCOME>                                    4382
<EXPENSES-NET>                                  106557
<NET-INVESTMENT-INCOME>                          70025
<REALIZED-GAINS-CURRENT>                       1416016
<APPREC-INCREASE-CURRENT>                     (833831)
<NET-CHANGE-FROM-OPS>                           652210
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        40798
<DISTRIBUTIONS-OF-GAINS>                        635615
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<NUMBER-OF-SHARES-SOLD>                         492373
<NUMBER-OF-SHARES-REDEEMED>                     259954
<SHARES-REINVESTED>                              32288
<NET-CHANGE-IN-ASSETS>                         5062685
<ACCUMULATED-NII-PRIOR>                          27089
<ACCUMULATED-GAINS-PRIOR>                       143236
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            70871
<INTEREST-EXPENSE>                                2812
<GROSS-EXPENSE>                                 222961
<AVERAGE-NET-ASSETS>                           7833301
<PER-SHARE-NAV-BEGIN>                            21.90
<PER-SHARE-NII>                                   0.13
<PER-SHARE-GAIN-APPREC>                           0.80
<PER-SHARE-DIVIDEND>                              0.12
<PER-SHARE-DISTRIBUTIONS>                         1.81
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.90
<EXPENSE-RATIO>                                   0.99
<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
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 19
   <NAME> PILGRIM WORLDWIDE GROWTH FUND CLASS A
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                        250733028
<INVESTMENTS-AT-VALUE>                       292675504
<RECEIVABLES>                                  8224673
<ASSETS-OTHER>                                 2123784
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               303023961
<PAYABLE-FOR-SECURITIES>                      53428329
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1592952
<TOTAL-LIABILITIES>                           55021281
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     186212979
<SHARES-COMMON-STOCK>                          2297397
<SHARES-COMMON-PRIOR>                          1999475
<ACCUMULATED-NII-CURRENT>                    (7189744)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       27122956
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      41856489
<NET-ASSETS>                                 248002680
<DIVIDEND-INCOME>                              1324136
<INTEREST-INCOME>                               326825
<OTHER-INCOME>                                  190621
<EXPENSES-NET>                                 3302840
<NET-INVESTMENT-INCOME>                      (1461258)
<REALIZED-GAINS-CURRENT>                      34449340
<APPREC-INCREASE-CURRENT>                     12614021
<NET-CHANGE-FROM-OPS>                         45602103
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        92588
<DISTRIBUTIONS-OF-GAINS>                       5994198
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<NUMBER-OF-SHARES-SOLD>                        5575910
<NUMBER-OF-SHARES-REDEEMED>                    5374372
<SHARES-REINVESTED>                              96384
<NET-CHANGE-IN-ASSETS>                       102649098
<ACCUMULATED-NII-PRIOR>                        5254694
<ACCUMULATED-GAINS-PRIOR>                     13943258
<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                               14192
<GROSS-EXPENSE>                                3545500
<AVERAGE-NET-ASSETS>                          35858605
<PER-SHARE-NAV-BEGIN>                            19.33
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                           5.78
<PER-SHARE-DIVIDEND>                              0.06
<PER-SHARE-DISTRIBUTIONS>                         3.64
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.39
<EXPENSE-RATIO>                                   1.86
<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
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 19
   <NAME> PILGRIM WORLDWIDE GROWTH FUND CLASS B
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                        250733028
<INVESTMENTS-AT-VALUE>                       292675504
<RECEIVABLES>                                  8224673
<ASSETS-OTHER>                                 2123784
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<TOTAL-ASSETS>                               303023961
<PAYABLE-FOR-SECURITIES>                      53428329
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1592952
<TOTAL-LIABILITIES>                           55021281
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     186212979
<SHARES-COMMON-STOCK>                           766386
<SHARES-COMMON-PRIOR>                           501687
<ACCUMULATED-NII-CURRENT>                    (7189744)
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<ACCUMULATED-NET-GAINS>                       27122956
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      41856489
<NET-ASSETS>                                 248002680
<DIVIDEND-INCOME>                              1324136
<INTEREST-INCOME>                               326825
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<NET-INVESTMENT-INCOME>                      (1461258)
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<APPREC-INCREASE-CURRENT>                     12614021
<NET-CHANGE-FROM-OPS>                         45602103
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         3663
<DISTRIBUTIONS-OF-GAINS>                       1182026
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<NUMBER-OF-SHARES-SOLD>                         544757
<NUMBER-OF-SHARES-REDEEMED>                     319228
<SHARES-REINVESTED>                              39170
<NET-CHANGE-IN-ASSETS>                       102649098
<ACCUMULATED-NII-PRIOR>                        5254694
<ACCUMULATED-GAINS-PRIOR>                     13943258
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<INTEREST-EXPENSE>                               14192
<GROSS-EXPENSE>                                3545500
<AVERAGE-NET-ASSETS>                          12732978
<PER-SHARE-NAV-BEGIN>                            20.10
<PER-SHARE-NII>                                 (0.08)
<PER-SHARE-GAIN-APPREC>                           6.25
<PER-SHARE-DIVIDEND>                              0.01
<PER-SHARE-DISTRIBUTIONS>                         2.05
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<EXPENSE-RATIO>                                   2.51
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 19
   <NAME> PILGRIM WORLDWIDE GROWTH FUND CLASS C
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                        250733028
<INVESTMENTS-AT-VALUE>                       292675504
<RECEIVABLES>                                  8224673
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<TOTAL-ASSETS>                               303023961
<PAYABLE-FOR-SECURITIES>                      53428329
<SENIOR-LONG-TERM-DEBT>                              0
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<PAID-IN-CAPITAL-COMMON>                     186212979
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<SHARES-COMMON-PRIOR>                          4424490
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<NET-INVESTMENT-INCOME>                      (1461258)
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<EQUALIZATION>                                       0
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<GROSS-EXPENSE>                                3545500
<AVERAGE-NET-ASSETS>                          84967291
<PER-SHARE-NAV-BEGIN>                            19.05
<PER-SHARE-NII>                                 (0.20)
<PER-SHARE-GAIN-APPREC>                           5.83
<PER-SHARE-DIVIDEND>                              0.01
<PER-SHARE-DISTRIBUTIONS>                         3.15
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.52
<EXPENSE-RATIO>                                   2.51
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 19
   <NAME> PILGRIM WORLDWIDE GROWTH FUND CLASS I
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                        250733028
<INVESTMENTS-AT-VALUE>                       292675504
<RECEIVABLES>                                  8224673
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<PAYABLE-FOR-SECURITIES>                      53428329
<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                           55021281
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     186212979
<SHARES-COMMON-STOCK>                          3347918
<SHARES-COMMON-PRIOR>                           652798
<ACCUMULATED-NII-CURRENT>                    (7189744)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       27122956
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      41856489
<NET-ASSETS>                                 248002680
<DIVIDEND-INCOME>                              1324136
<INTEREST-INCOME>                               326825
<OTHER-INCOME>                                  190621
<EXPENSES-NET>                                 3302840
<NET-INVESTMENT-INCOME>                      (1461258)
<REALIZED-GAINS-CURRENT>                      34449340
<APPREC-INCREASE-CURRENT>                     12614021
<NET-CHANGE-FROM-OPS>                         45602103
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       327430
<DISTRIBUTIONS-OF-GAINS>                        401455
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        4285331
<NUMBER-OF-SHARES-REDEEMED>                    1628893
<SHARES-REINVESTED>                              38682
<NET-CHANGE-IN-ASSETS>                       102649098
<ACCUMULATED-NII-PRIOR>                        5254694
<ACCUMULATED-GAINS-PRIOR>                     13943258
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1472492
<INTEREST-EXPENSE>                               14192
<GROSS-EXPENSE>                                3545500
<AVERAGE-NET-ASSETS>                          11518007
<PER-SHARE-NAV-BEGIN>                            17.90
<PER-SHARE-NII>                                   0.67
<PER-SHARE-GAIN-APPREC>                           5.16
<PER-SHARE-DIVIDEND>                              0.64
<PER-SHARE-DISTRIBUTIONS>                         0.83
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              22.26
<EXPENSE-RATIO>                                   1.34
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000895430
<NAME> PILGRIM MUTUAL FUNDS
<SERIES>
   <NUMBER> 19
   <NAME> PILGRIM WORLDWIDE GROWTH FUND CLASS Q
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                        250733028
<INVESTMENTS-AT-VALUE>                       292675504
<RECEIVABLES>                                  8224673
<ASSETS-OTHER>                                 2123784
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               303023961
<PAYABLE-FOR-SECURITIES>                      53428329
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1592952
<TOTAL-LIABILITIES>                           55021281
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     186212979
<SHARES-COMMON-STOCK>                           297672
<SHARES-COMMON-PRIOR>                            32849
<ACCUMULATED-NII-CURRENT>                    (7189744)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       27122956
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      41856489
<NET-ASSETS>                                 248002680
<DIVIDEND-INCOME>                              1324136
<INTEREST-INCOME>                               326825
<OTHER-INCOME>                                  190621
<EXPENSES-NET>                                 3302840
<NET-INVESTMENT-INCOME>                      (1461258)
<REALIZED-GAINS-CURRENT>                      34449340
<APPREC-INCREASE-CURRENT>                     12614021
<NET-CHANGE-FROM-OPS>                         45602103
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         9654
<DISTRIBUTIONS-OF-GAINS>                         82376
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         350299
<NUMBER-OF-SHARES-REDEEMED>                      89828
<SHARES-REINVESTED>                               4352
<NET-CHANGE-IN-ASSETS>                       102649098
<ACCUMULATED-NII-PRIOR>                        5254694
<ACCUMULATED-GAINS-PRIOR>                     13943258
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1472492
<INTEREST-EXPENSE>                               14192
<GROSS-EXPENSE>                                3545500
<AVERAGE-NET-ASSETS>                           2075158
<PER-SHARE-NAV-BEGIN>                            19.63
<PER-SHARE-NII>                                   0.22
<PER-SHARE-GAIN-APPREC>                           6.15
<PER-SHARE-DIVIDEND>                              0.15
<PER-SHARE-DISTRIBUTIONS>                         1.26
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              24.59
<EXPENSE-RATIO>                                   1.59
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>



REPORT OF INDEPENDENT AUDITORS


To the Board of Trustees of
Pilgrim Mutual Funds
(formerly Nicholas-Applegate Mutual Funds)

In planning and performing our audits of the 
financial statements of Pilgrim Mutual Funds 
(formerly Nicholas-Applegate Mutual Funds) for 
the fiscal year ended March 31, 1999, we considered 
its internal control, including control activities 
for safeguarding securities, in order to determine 
our auditing procedures for the purpose of 
expressing our opinion on the financial statements 
and to comply with the requirements of Form N-SAR, 
not to provide assurance on the internal control.

The management of Pilgrim Mutual Funds is 
responsible for establishing and maintaining 
internal control.  In fulfilling this 
responsibility, estimates and judgments by 
management are required to assess the expected 
benefits and related costs of control.  Generally, 
controls that are relevant to an audit pertain to 
the entity's objective of preparing financial 
statements for external purposes that are fairly 
presented in conformity with generally accepted 
accounting principles.  Those controls include the 
safeguarding of assets against unauthorized 
acquisition, use or disposition.

Because of inherent limitations in internal control, 
errors or fraud may occur and not be detected.  
Also, projection of any evaluation of internal 
control to future periods is subject to the risk 
that it may become inadequate because of changes in 
conditions or that the effectiveness of the design 
and operation may deteriorate.

Our consideration of the internal control would not 
necessarily disclose all matters in the internal 
control that might be material weaknesses under 
standards established by the American Institute of 
Certified Public Accountants.  A material weakness 
is a condition in which the design or operation of 
the specific internal control components does not 
reduce to a relatively low level the risk that errors 
or fraud in amounts that would be material in 
relation to the financial statements being audited 
may occur and not be detected within a timely period 
by employees in the normal course of performing their 
assigned functions.  However, we noted no matters 
involving the internal control and its operation, 
including controls for safeguarding securities, 
that we consider to be material weaknesses as defined
above at March 31, 1999.

This report is intended solely for the information 
and use of management and the Securities and 
Exchange Commission.


Los Angeles, California
May 7, 1999


Submission of matters to a vote of security holders
Sub-item 77c


A series of special meetings of shareholders of the 
Trust were held at the offices of the Trust on March 
23, 1998, March 26, 1998, and June 5, 1998.  A brief 
description of each matter voted upon as well as the 
voting results are outlined below.

1. Shareholders of the Institutional Portfolios were 
asked to vote upon an amendment to the 
Declaration of Trust of the Trust authorizing the 
Board of Trustees of the Trust to create classes of 
shares of the Institutional Portfolios, to rename 
the Institutional Portfolios as the "Funds" and to 
designate the existing shares of the Institutional 
Portfolios as "Class I" shares of the Funds.

				
Institutional Portfolio	 For	 Against 	 
Abstaining  	Total

Balanced Growth	 46,650 	 -   	 34 
	 46,684 
Convertible1	 3,513,890 	 -   	 279 
	 3,514,169 
Emerging Countries	 2,460,148 	 
7,576 	 167 	 2,467,891 
Global Growth & Income	 309,121 	 -   
	 -   	 309,121 
High Quality Bond2	 1,095,280 	 -   
	 8 	 1,095,288
High Yield Bond	 338,312 	 -   	 -   
	 338,312 
International Core Growth	 1,638,162 
	 -   	 -   	 1,638,162 
International Small Cap Growth	 2,005,760 
	 -   	 158 	 2,005,918 
Large Cap Growth	 112,411 	 -   	 -   
	 112,411 
Mid Cap Growth3	 6,801,623 	 -   
	 141 	 6,801,764 
Mini Cap Growth	 2,458,511 	 
11,202 	 26,236 	 2,495,949 
Short Intermediate	 1,043,978 	 -   
	 -   	 1,043,978 
Small Cap Growth4	 11,986,928 	 
32,059 	 106,366 	 12,125,353 
Strategic Income	 308,625 	 -   	 -   
	 308,625 
Value	 399,635 	 -   	131	 
399,766 
Worldwide Growth	 350,845 	 -   	 -   
	 350,845 

	
2. Shareholders of the Institutional Portfolios and 
the Money Market Portfolio were asked to 
authorize the Board of Trustees to eliminate each 
such Portfolios current policy of investing all of 
its assets in a corresponding portfolio of 
Nicholas|Applegate Investment Trust.

					
	Institutional Portfolio	For
	Against	Abstaining 	Total

	Balanced Growth	 46,650 	 -   	 34 
	 46,684 
	Convertible1	 3,513,890 	 -   
	 279 	 3,514,169 
	Emerging Countries	 2,460,148 
	 7,576 	 167 	 2,467,891 
	Global Growth & Income	 309,121 	 -   
	 -   	 309,121 
	High Quality Bond2	 1,095,288 	 -   
	 8 	 1,095,296
	High Yield Bond	 338,312 	 -   	 -   
	 338,312 
	International Core Growth	 1,638,162 
	 -   	 -   	 1,638,162 
	International Small Cap Growth	 
2,005,760 	 -   	 158 	 2,005,918 
	Large Cap Growth	 112,411 	 -   	 -   
	 112,411 
	Mid Cap Growth3	 6,801,623 	 -   
	 141 	 6,801,764 
	Mini Cap Growth	 2,458,511 	 
11,009 	 18,681 	 2,488,201 
	Money Market	 32,231,906 	 708 
	 -   	 32,232,614 
	Short Intermediate	 1,043,978 	 -   
	 -   	 1,043,978 
	Small Cap Growth4	 11,986,928 	 
32,059 	 1,106,366 	 13,125,353 
	Strategic Income	 308,625 	 -   	 -   
	 308,625 
	Value	 399,766 	 -   	 131 	 
399,897 
	Worldwide Growth	 350,845 	 -   	 -   
	 350,845 


       3.	Shareholders of the A, B, C and Qualified 
Portfolios were asked to vote upon the proposed 
reorganization of the A, B, C and Qualified 
Portfolios pursuant to an Agreement and Plan of 
Reorganization providing for (i) the receipt by 
each A, B, C and Qualified Portfolio of its pro 
rata portion of the assets of the corresponding 
series of Nicholas|Applegate Investment Trust, 
upon dissolution of such series; (ii) the transfer 
by the A, B, C and Qualified Portfolios of such 
assets to the corresponding Fund of the Trust in 
exchange for Class A, B, C and Q shares of such 
Fund; (iii) the receipt by each shareholder of an 
A, B, C or Qualified Portfolio of Class A, B, C or 
Q shares of the corresponding Fund in exchange 
for shares of such Portfolio; and (iv) the 
termination of the A, B, C and Qualified 
Portfolios. 

	
Portfolio	For	Against	Abstaining 
	Total
		
Balanced Growth A	 137,199 	 2,658 	 
4,810 	 144,667 		
Balanced Growth B	 79,926 	 973 	 
2,068 	 82,967 		
Balanced Growth C	 571,784 	 23,359 	 
19,639 	 614,782 		
Balanced Growth Q	 6,443 	 -   	 -   
	 6,443 		
Convertible A1	 1,246,268 	 
85,067 	 53,901 	 1,385,236 	
Convertible B1	 598,288 	 8,941 	 25,255 	 
632,484 		
Convertible C1	 1,700,256 	 40,783 	 
104,070 	 1,845,109 	
Convertible Q1	 181,774 	 518 	 
2,976 	 185,268 		
Emerging Countries A	 1,389,836 	 
11,056 	 49,195 	 1,450,087 	
Emerging Countries B	 871,587 	 15,106 	 
35,797 	 922,490 		
Emerging Countries C	 991,168 	 24,641 	 
43,133 	 1,058,942 	
Emerging Countries Q	 835,630 	 13,620 	 
17,059 	 866,309 		
Government Income A5	 35,786 	 5,208 	 
2,790 	 43,784 		
Government Income B5	 93,081 	 75 	 
3,084 	 96,240 		
Government Income C5	 206,416 	 6,536 	 
5,742 	 218,694 		
Government Income Q5	 1,406 	 -   	 -   
	 1,406 		
International Core Growth A	 115,833 	 500 
	 4,268 	 120,601 		
International Core Growth B	 171,226 	 
4,838 	 3,630 	 179,694 		
International Core Growth C	 41,318 	 
3,710 	 -   	 45,028 
International Core Growth Q	 45,571	 
1,163	 -	 46,734
International Small Cap Growth A	 224,765 	 132 
	 2,632 	 227,529 		
International Small Cap Growth B	 226,522 	 
1,596 	 9,228 	 237,346 		
International Small Cap Growth C	 110,154 	 58 
	 39,726 	 149,938 		
International Small Cap Growth Q	 8,548 	 201 
	 -   	 8,749 		
Large Cap Growth A	 101,399 	 1,089 	 -   
	 102,488 		
Large Cap Growth B	 63,775 	 -   	 
5,526 	 69,301 		
Large Cap Growth C	 9,645 	 397 	 -   
	 10,042 		
Large Cap Growth Q	 2,046 	 -   	 -   
	 2,046 		
Mid Cap Growth A3	 2,184,407 	 
42,489 	 107,979 	 2,334,875 	
Mid Cap Growth B3	 783,044 	 8,446 	 
36,576 	 828,066 		
Mid Cap Growth C3	 4,008,874 	 
95,478 	 494,597 	 4,598,949 	
Mid Cap Growth Q3	 426,681 	 -   	 -   
	 426,681 		
Small Cap Growth A4	 4,401,185 	 
176,289 	 189,843 	 4,767,317 	
Small Cap Growth B4	 917,672 	 17,971 	 
51,960 	 987,603 		
Small Cap Growth C4	 5,200,887 	 
201,855 	 436,980 	 5,839,722 	
Small Cap Growth Q4	 79,480 	 871 	 
3,854 	 84,205 		
Worldwide Growth A	 673,839 	 21,161 	 
26,054 	 721,054 		
Worldwide Growth B	 232,913 	 38 	 
5,799 	 238,750 		
Worldwide Growth C	 2,017,936 	 
51,334 	 99,945 	 2,169,215	
Worldwide Growth Q	 21,757 	 155 	 112 
	 22,024 		
					

4. Shareholders for all of the Portfolios were asked 
to elect the following Trustees of the Trust to 
hold office until their successors are elected and 
qualified:

Fred C. Applegate
Arthur B. Laffer
Charles B. Young
Arthur E. Nicholas
Dann V. Angeloff
Walter E. Auch
Theodore J. Coburn
Darlene D. Deremer
George F. Keane

	For the Portfolios listed, the Trustees each 
received the following votes:

        					
			
Portfolio	 For 	 Against 	 Abstaining  
	 Total 
 
Balanced Growth A	 175,018 	 1,507 	 312 
	 176,837 
Balanced Growth B	 116,966 	 1,831 	 113 
	 118,910 
Balanced Growth C	 660,578 	 6,092 	 741 
	 667,411 
Balanced Growth I	 46,650 	 -   	 34 
	 46,684 
Balanced Growth Q	 6,443 	 -   	 -   
	 6,443 
Convertible A1	 1,270,916 	 
116,355 	 7,836 	 1,395,107 
Convertible B1	 777,283 	 19,445 	 7,449 	 
804,177 
Convertible C1	 1,932,993 	 68,945 	 
3,910 	 2,005,848 
Convertible I1	 3,516,133 	 -   	 122 
	 3,516,255 
Convertible Q1	 185,909 	 518 	 -   
	 186,427 
Emerging Countries A	 1,666,613 + 	 
68,568 + 	 12,367 	 1,797,542 
Emerging Countries B	 1,174,056 	 
51,672 	 9,029 	 1,234,757 
Emerging Countries C	 1,249,671 	 
26,476 	 3,382 	 1,279,529 
Emerging Countries I	 2,459,570 	 
7,576 	 1,161 	 2,468,307 
Emerging Countries Q	 1,087,663 	 
40,089 	 -   	 1,127,752 
Emerging Markets Bond I	 344,193 	 -   
	 -   	 344,193 
Global Blue Chip I	 596,188 	 -   	 -   
	 596,188 
Global Growth & Income I	 309,853 	 -   
	 -   	 309,853 
Government Income A5	 43,632 	 953 	 
4,606 	 49,191 
Government Income B5	 136,668 ++	 948 
	 -   	 137,616 
Government Income C5	 202,611 	 6,048 	 
14,809 	 223,468 
Government Income Q5	 1,406 	 -   	 -   
	 1,406 
High Quality Bond I2  	 1,095,280 	 -   
	 8 	 1,095,288
High Yield Bond I	 338,312 	 -   	 -   
	 338,312 
International Core Growth A	 134,930 	 
10,297 	 1,268 	 146,495 
International Core Growth B	 182,340 	 
7,667 	 1,377 	 191,384 
International Core Growth C	 60,098 	 -   
	 1,115 	 61,213 
International Core Growth I 	 1,638,981 
	 -   	 -   	 1,638,981
International Core Growth Q	 45,571 	 
1,163 	 -   	 46,734 
International Small Cap Growth A	 260,326  
	 7,423 +++ 	 132 	 267,881 
International Small Cap Growth B	 281,546 	 
13,462 	 1,338 	 296,346 
International Small Cap Growth C	 168,890 
++++ 	 7,515 	 581 	 176,986 
International Small Cap Growth I	 2,005,760 
	 -   	 158 	 2,005,918 
International Small Cap Growth Q	 8,749 	 -   
	 -   	 8,749 
Large Cap Growth A	 104,774 	 -   	 -   
	 104,774 
Large Cap Growth B	 76,170 	 7,007 	 7 
	 83,184 
Large Cap Growth C	 12,647 	 -   	 251 
	 12,898 
Large Cap Growth I	 112,411 	 -   	 -   
	 112,411 
Large Cap Growth Q	 2,554 	 -   	 -   
	 2,554 
Latin America I	 86,894 	 -   	 -   
	 86,894 
Mid Cap Growth A3	 2,661,222 	 
89,517 	 8,343 	 2,759,082 
Mid Cap Growth B3	 1,087,174 	 
51,311 	 10,622 	 1,149,107 
Mid Cap Growth C3	 5,135,927 	 -   
	 385,760 	 5,521,687 
Mid Cap Growth I3	 6,802,230 	 -   
	 -   	 6,802,230 
Mid Cap Growth Q3	 594,557 	 -   	 -   
	 594,557 
Mini Cap Growth I	 3,177,559 	 
8,288 	 5,616 	 3,191,463 
Money Market	 34,608,375 	 -   	 751 
	 34,609,126 
Short Intermediate I	 1,043,978 	 -   
	 -   	 1,043,978 
Small Cap Growth A4	 5,298,173 	 -   
	 144,089 	 5,442,262 
Small Cap Growth B4	 1,180,573 	 
51,027 	 5,689 	 1,237,289 
Small Cap Growth C4	 6,379,457 	 -   
	 226,912 	 6,606,369 
Small Cap Growth I4	 11,986,514 	 
32,059 	 1,106,779 	 13,125,352 
Small Cap Growth Q4	 83,614 	 -   	 -   
	 83,614 
Strategic Income I	 308,625 	 -   	 -   
	 308,625 
Value I	 399,635 	 -   	 131 	 
399,766 
Worldwide Growth A	 804,022 	 21,337 	 
3,046 	 828,405 
Worldwide Growth B	 314,449 	 3,240 	 
1,949 	 319,638 
Worldwide Growth C	 2,272,218 	 -   
	 58,763 	 2,330,981 
Worldwide Growth I	 350,845 	 -   	 -   
	 350,845 
Worldwide Growth Q	 14,220 	 -   	 112 
	 14,332 

             + For Emerging Countries Portfolio A, Fred C. 
Applegate, Arthur B. Laffer and Charles E. Young each 
received                                 
                 1,716,613 votes `for' and 68,562 votes `against' 
election.
           ++ For Government Income Portfolio B, Arthur B. 
Laffer received 140,452 votes `for' election.
         +++ For International Small Cap Growth A, Fred C. 
Applegate received 14,623 votes `against' election.
       ++++ For International Small Cap Growth C, Fred C. 
Applegate received 168,890 votes `for' election.

	 	       
5. Shareholders were asked to ratify the selection of 
Ernst & Young, L.L.P. as independent 
accountants for the Trust.

Portfolio	 For  	  Against  	  
Abstaining   	 Total
  
Balanced Growth A	 173,471 	 268 	 
3,097 	 176,836 
Balanced Growth B	 116,732 	 -   	 
2,177 	 118,909 
Balanced Growth C	 637,650 	 20,713 	 
9,047 	 667,410 
Balanced Growth I	 46,684 	 -   	 -    
	 46,684 
Balanced Growth Q	 6,443 	 -   	 -   
	 6,443 
Convertible A1	 1,360,911 	 
4,607 	 29,588 	 1,395,106 
Convertible B1	 787,787 	 1,783 	 14,608 	 
804,178 
Convertible C1	 1,934,565 	 15,151 	 
56,133 	 2,005,849 
Convertible I1	 3,516,254 	 -   	  -    
	 3,516,254 
Convertible Q1	 185,067 	 429 	 930 
	 186,426 
Emerging Countries A	 1,707,053 	 
5,985 	 34,271 	 1,747,309 
Emerging Countries B	 1,206,380 	 
6,100 	 22,279 	 1,234,759 
Emerging Countries C	 1,254,750 	 
8,587 	 16,192 	 1,279,529 
Emerging Countries I	 2,466,786 	 112 
	 1,409 	 2,468,307 
Emerging Countries Q	 1,112,378 	 
6,525 	 8,849 	 1,127,752 
Emerging Markets Bond I	 344,193 	  -    
	  -    	 344,193 
Global Blue Chip I	 596,188 	  -    	  -    
	 596,188 
Global Growth & Income I	 309,853 	 -   
	  -    	 309,853 
Government Income A5	 40,659 	 1,137 	 
7,396 	 49,192 
Government Income B5	 135,679 	 -   	 
1,937 	 137,616 
Government Income C5	 204,329 	 -   	 
19,139 	 223,468 
Government Income Q5	 1,406 	 -   	  -    
	 1,406 
High Quality Bond I2	 1,095,280 	  -    
	 8 	 1,095,288
High Yield Bond	 338,312 	 -   	 -   
	 338,312 
International Core Growth A	 133,197 	 510 
	 12,789 	 146,496 
International Core Growth B	 184,911 	 
2,843 	 4,377 	 192,131 
International Core Growth C	 61,214 	 -   
	 -   	 61,214 
International Core Growth I	 46,734 	 -   
	 -    	 46,734 
International Core Growth Q	 1,638,981 
	 -   	 -    	 1,638,981 
International Small Cap Growth A	 266,899 	 -   
	 982 	 267,881 
International Small Cap Growth B	 284,198 	 
2,032 	 10,117 	 296,347 
International Small Cap Growth C	 172,826 	 3 
	 4,657 	 177,486 
International Small Cap Growth I	 2,005,760 
	 -   	 158 	 2,005,918 
International Small Cap Q	 8,749 	 -   
	 -   	 8,749 
Large Cap Growth A	 103,685 	 1,089 	 
1,179 	 105,953 
Large Cap Growth B	 76,480 	 -   	 
5,704 	 82,184 
Large Cap Growth C	 12,250 	 397 	 251 
	 12,898 
Large Cap Growth I	 112,411 	 -   	  -    
	 112,411 
Large Cap Growth Q	 2,554 	 -   	  -   
	 2,554 
Latin America I	 86,894 	 -    	  -    
	 86,894 
Mid Cap Growth A3	 2,693,525 	 
20,617 	 44,942 	 2,759,084 
Mid Cap Growth B3	 1,117,102 	 
11,372 	 20,633 	 1,149,107 
Mid Cap Growth C3	 5,135,292 	 
44,582 	 356,248 	 5,536,122 
Mid Cap Growth I3	 6,802,371 	 -   
	  -    	 6,802,371 
Mid Cap Growth Q3	 591,517 	 3,040 	  -    
	 594,557 
Mini Cap Growth I	 3,168,700 	 
3,496 	 19,265 	 3,191,461 
Money Market	 35,332,925 	 13 	 
22,145 	 35,355,083 
Short Intermediate I	 1,043,954 	 24 
	  -    	 1,043,978 
Small Cap Growth A4	 5,324,588 	 
35,475 	 210,997 	 5,571,060 
Small Cap Growth B4	 1,204,324 	 
12,498 	 20,463 	 1,237,285 
Small Cap Growth C4	 6,389,013 	 
71,618 	 157,262 	 6,617,893 
Small Cap Growth I4	 7,229,243 	 -   
	 5,896,109 	 13,125,352 
Small Cap Growth Q4	 90,625 	 871 	 
2,802 	 94,298 
Strategic Income I	 308,625 	 -    	  -    
	 308,625 
Value I	 399,635 	 -   	 131 	 
399,766 
Worldwide Growth A	 802,970 	 3,437 	 
21,998 	 828,405 
Worldwide Growth B	 314,659 	 1,004 	 
3,975 	 319,638 
Worldwide Growth C	 2,291,944 	 
10,935 	 35,866 	 2,338,745 
Worldwide Growth I	 350,845 	 -   	 -    
	 350,845 
Worldwide Growth Q	 22,025 	 -   	 -   
	 22,025 


1 Prior to July 24, 1998, the Portfolios were named 
Income & Growth Portfolios.
2 Prior to July 24, 1998, the Portfolio was named Fully 
Discretionary Fixed Income Portfolio I.
3 Prior to July 24, 1998, the Portfolios were named Core 
Growth Portfolios.
4 Prior to July 24, 1998, the Portfolios were named 
Emerging Growth Portfolios.
5 On July 24, 1998, Government Income Portfolios A, 
B, C and Qualified transferred their assets to the Fully 
Discretionary 
  Fixed Income Portfolio, which subsequently changed 
its name to the High Quality Bond Fund.





Nicholas-Applegate Mutual Funds
Sub-Item 77Q3

On February 19, 1999, the Board of Trustees approved 
the terms of a new Investment Advisory Agrement 
between the Trust and Pilgrim Investments, Inc. 
(Pilgrim) with respect to the Large Cap Growth, Mid 
Cap Growth, Small Cap Growth, Balanced Growth, 
Convertible, High Quality Bond, High Yield Bond, 
International Core Growth, Inernational Small Cap 
Growth, Emerging Countries, and Worldwide Growth 
Funds, whereby Pilgrim would be appointed as 
investment advisor to those funds.  Thereafter, 
Nicholas-Applegate Capital Management would serve 
as sub-advisor to the Funds with the exception of 
Balanced Growth, High Quality Bond and High Yield 
Bond Funds.  The terms of the new Investment 
Advisory agreement are subject to shareholder 
approval.


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