DELAWARE GROUP ADVISER FUNDS INC /MD/
NSAR-B, 1997-12-30
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<PAGE>      PAGE  1
000 B000000 10/31/97
000 C000000 0000910682
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 DELAWARE GROUP ADVISER FUNDS, INC.
001 B000000 811-7972
001 C000000 2152252926
002 A000000 2005 MARKET STREET
002 B000000 PHILADEPLHIA
002 C000000 PA
002 D010000 19103
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  6
007 C010100  1
007 C010200  2
007 C020200 ENTERPRISE FUND
007 C030200 Y
007 C010300  3
007 C020300 U.S. GROWTH FUND
007 C030300 N
007 C010400  4
007 C020400 OVERSEAS EQUITY FUND
007 C030400 N
007 C010500  5
007 C020500 NEW PACIFIC FUND
007 C030500 N
007 C010600  6
007 C020600 FEDERAL BOND FUND
007 C030600 Y
007 C010700  7
007 C020700 CORPORATE INCOME FUND
007 C030700 Y
007 C010800  8
007 C010900  9
007 C011000 10
018  00AA00 Y
019 A00AA00 Y
019 B00AA00  100
019 C00AA00 DELAWARECX
020 A000001 MORGAN GREENFELL
020 C000001     33
020 A000002 WARBURG
<PAGE>      PAGE  2
020 C000002     31
020 A000003 CROSBY SEC.
020 C000003     30
020 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH
020 B000004 13-5674085
020 C000004     28
020 A000005 BZW
020 C000005     20
020 A000006 BARING SEC
020 C000006     18
020 A000007 PEREGRINE
020 C000007     18
020 A000008 JARDINE FLEMING
020 C000008     11
020 A000009 MORGAN STANLEY
020 B000009 13-2655998
020 C000009      9
020 A000010 CLEARY GULL
020 C000010      6
021  000000      204
022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000001 13-5674085
022 C000001      9842
022 D000001     19809
022 A000002 MORGAN STANLEY
022 B000002 13-2655998
022 C000002      2216
022 D000002      7023
022 A000003 GOLDMAN SACHS
022 B000003 13-5108880
022 C000003      1635
022 D000003      6264
022 A000004 SALOMON BROTHERS
022 B000004 13-3082694
022 C000004      2576
022 D000004      5254
022 A000005 PAINEWEBBER
022 B000005 13-2638166
022 C000005      2138
022 D000005      4957
022 A000006 LUMMIS & CO.
022 C000006      5352
022 D000006         0
022 A000007 UBS SECURITIES
022 B000007 13-2932996
022 C000007      1653
022 D000007      3697
022 A000008 FIRST BOSTON
022 B000008 13-5659485
022 C000008      2450
022 D000008      2645
<PAGE>      PAGE  3
022 A000009 MENDHAM CAPITAL GROUP
022 B000009 22-3165996
022 C000009      2495
022 D000009      1697
022 A000010 J.P. MORGAN & CO.
022 C000010      1455
022 D000010      2712
023 C000000      31812
023 D000000      54058
024  00AA00 N
027  000000 Y
077 A000000 Y
077 B000000 Y
077 Q010000 Y
080 A00AA00 ICI MUTUAL INSURANCE COMPANY, INC.
080 B00AA00 GULF INSURANCE COMPANY
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081 B00AA00 111
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  17
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SIGNATURE   ROSEMARY E. MILNER                           
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 021
   <NAME> ENTERPRISE FUND A CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 022
   <NAME> ENTERPRISE FUND B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                                0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 023
   <NAME> ENTERPRISE FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                                0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 024
   <NAME> ENTERPRISE FUND INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
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<NUMBER-OF-SHARES-REDEEMED>                    946,230
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 031
   <NAME> U.S. GROWTH FUND A CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                       23,771,112
<INVESTMENTS-AT-VALUE>                      26,654,629
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<OTHER-ITEMS-LIABILITIES>                       98,235
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<SHARES-COMMON-STOCK>                          416,442
<SHARES-COMMON-PRIOR>                        1,483,488
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<OVERDISTRIBUTION-GAINS>                             0
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<DIVIDEND-INCOME>                               92,008
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OTHER>                                0
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<NUMBER-OF-SHARES-REDEEMED>                  1,584,408
<SHARES-REINVESTED>                            125,787
<NET-CHANGE-IN-ASSETS>                         308,750
<ACCUMULATED-NII-PRIOR>                       (77,857)
<ACCUMULATED-GAINS-PRIOR>                    1,806,960
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<GROSS-EXPENSE>                                441,864
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<EXPENSE-RATIO>                                   1.44
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<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 032
   <NAME> U.S. GROWTH FUND B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                       23,771,112
<INVESTMENTS-AT-VALUE>                      26,654,629
<RECEIVABLES>                                1,150,000
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<PAYABLE-FOR-SECURITIES>                       343,374
<SENIOR-LONG-TERM-DEBT>                         88,000
<OTHER-ITEMS-LIABILITIES>                       98,235
<TOTAL-LIABILITIES>                            529,609
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    13,653,580
<SHARES-COMMON-STOCK>                          101,669
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<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                 1,653,169
<DIVIDEND-INCOME>                               92,008
<INTEREST-INCOME>                              257,988
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<NET-INVESTMENT-INCOME>                       (91,868)
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<APPREC-INCREASE-CURRENT>                    (830,970)
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<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-REDEEMED>                     17,225
<SHARES-REINVESTED>                              6,677
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<ACCUMULATED-NII-PRIOR>                       (77,857)
<ACCUMULATED-GAINS-PRIOR>                    1,806,960
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                441,864
<AVERAGE-NET-ASSETS>                         1,172,085
<PER-SHARE-NAV-BEGIN>                            13.61
<PER-SHARE-NII>                                 (0.16)
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<EXPENSE-RATIO>                                   2.14
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<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 033
   <NAME> U.S. GROWTH FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                       23,771,112
<INVESTMENTS-AT-VALUE>                      26,654,629
<RECEIVABLES>                                1,150,000
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<PAYABLE-FOR-SECURITIES>                       343,374
<SENIOR-LONG-TERM-DEBT>                         88,000
<OTHER-ITEMS-LIABILITIES>                       98,235
<TOTAL-LIABILITIES>                            529,609
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<PAID-IN-CAPITAL-COMMON>                    13,653,580
<SHARES-COMMON-STOCK>                           14,835
<SHARES-COMMON-PRIOR>                            7,066
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<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,883,517
<NET-ASSETS>                                   252,461
<DIVIDEND-INCOME>                               92,008
<INTEREST-INCOME>                              257,988
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<NET-INVESTMENT-INCOME>                       (91,868)
<REALIZED-GAINS-CURRENT>                    10,854,607
<APPREC-INCREASE-CURRENT>                    (830,970)
<NET-CHANGE-FROM-OPS>                        9,931,769
<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                         5,841
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         13,752
<NUMBER-OF-SHARES-REDEEMED>                      3,236
<SHARES-REINVESTED>                                429
<NET-CHANGE-IN-ASSETS>                         308,750
<ACCUMULATED-NII-PRIOR>                       (77,857)
<ACCUMULATED-GAINS-PRIOR>                    1,806,960
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                441,864
<AVERAGE-NET-ASSETS>                           128,392
<PER-SHARE-NAV-BEGIN>                            14.18
<PER-SHARE-NII>                                 (0.17)
<PER-SHARE-GAIN-APPREC>                           4.37
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<PER-SHARE-DISTRIBUTIONS>                         1.36
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              17.02
<EXPENSE-RATIO>                                   2.14
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 034
   <NAME> U.S. GROWTH FUND INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                       23,771,112
<INVESTMENTS-AT-VALUE>                      26,654,629
<RECEIVABLES>                                1,150,000
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<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                       343,374
<SENIOR-LONG-TERM-DEBT>                         88,000
<OTHER-ITEMS-LIABILITIES>                       98,235
<TOTAL-LIABILITIES>                            529,609
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    13,653,580
<SHARES-COMMON-STOCK>                        1,094,399
<SHARES-COMMON-PRIOR>                          956,199
<ACCUMULATED-NII-CURRENT>                     (91,868)
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<ACCUMULATED-NET-GAINS>                     10,848,585
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,883,517
<NET-ASSETS>                                18,454,700
<DIVIDEND-INCOME>                               92,008
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<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                       (91,868)
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<APPREC-INCREASE-CURRENT>                    (830,970)
<NET-CHANGE-FROM-OPS>                        9,931,769
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     1,003,161
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        492,699
<NUMBER-OF-SHARES-REDEEMED>                    193,024
<SHARES-REINVESTED>                             76,989
<NET-CHANGE-IN-ASSETS>                         308,750
<ACCUMULATED-NII-PRIOR>                       (77,857)
<ACCUMULATED-GAINS-PRIOR>                    1,806,960
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                441,864
<AVERAGE-NET-ASSETS>                        14,215,721
<PER-SHARE-NAV-BEGIN>                            13.94
<PER-SHARE-NII>                                 (0.01)
<PER-SHARE-GAIN-APPREC>                           4.29
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         1.36
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              16.86
<EXPENSE-RATIO>                                   1.14
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 041
   <NAME> OVERSEAS EQUITY FUND A CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                       11,277,619
<INVESTMENTS-AT-VALUE>                      12,510,316
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            18,000
<TOTAL-ASSETS>                              12,528,316
<PAYABLE-FOR-SECURITIES>                      (10,000)
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          315
<TOTAL-LIABILITIES>                            (9,685)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     9,101,449
<SHARES-COMMON-STOCK>                          868,395
<SHARES-COMMON-PRIOR>                        1,257,748
<ACCUMULATED-NII-CURRENT>                      530,298
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,673,548
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,232,706
<NET-ASSETS>                                10,868,180
<DIVIDEND-INCOME>                               36,511
<INTEREST-INCOME>                              187,417
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 308,760
<NET-INVESTMENT-INCOME>                       (84,832)
<REALIZED-GAINS-CURRENT>                     2,291,320
<APPREC-INCREASE-CURRENT>                    (584,515)
<NET-CHANGE-FROM-OPS>                        1,621,973
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      522,689
<DISTRIBUTIONS-OF-GAINS>                       396,523
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        196,269
<NUMBER-OF-SHARES-REDEEMED>                    607,946
<SHARES-REINVESTED>                             79,030
<NET-CHANGE-IN-ASSETS>                     (3,951,872)
<ACCUMULATED-NII-PRIOR>                       (85,926)
<ACCUMULATED-GAINS-PRIOR>                      355,708
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                308,760
<AVERAGE-NET-ASSETS>                        15,044,265
<PER-SHARE-NAV-BEGIN>                            12.39
<PER-SHARE-NII>                                 (0.06)
<PER-SHARE-GAIN-APPREC>                           0.96
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.77
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              12.52
<EXPENSE-RATIO>                                   1.80
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 042
   <NAME> OVERSEAS EQUITY FUND B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                       11,277,619
<INVESTMENTS-AT-VALUE>                      12,510,316
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            18,000
<TOTAL-ASSETS>                              12,528,316
<PAYABLE-FOR-SECURITIES>                      (10,000)
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          315
<TOTAL-LIABILITIES>                            (9,685)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     9,101,449
<SHARES-COMMON-STOCK>                          125,707
<SHARES-COMMON-PRIOR>                          118,245
<ACCUMULATED-NII-CURRENT>                      530,298
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,673,548
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,232,706
<NET-ASSETS>                                 1,450,365
<DIVIDEND-INCOME>                               36,511
<INTEREST-INCOME>                              187,417
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 308,760
<NET-INVESTMENT-INCOME>                       (84,832)
<REALIZED-GAINS-CURRENT>                     2,291,320
<APPREC-INCREASE-CURRENT>                    (584,515)
<NET-CHANGE-FROM-OPS>                        1,621,973
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       46,161
<DISTRIBUTIONS-OF-GAINS>                        35,183
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         32,677
<NUMBER-OF-SHARES-REDEEMED>                     18,445
<SHARES-REINVESTED>                              6,991
<NET-CHANGE-IN-ASSETS>                     (3,951,872)
<ACCUMULATED-NII-PRIOR>                       (85,926)
<ACCUMULATED-GAINS-PRIOR>                      355,708
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                308,760
<AVERAGE-NET-ASSETS>                         1,359,876
<PER-SHARE-NAV-BEGIN>                            11.56
<PER-SHARE-NII>                                 (0.14)
<PER-SHARE-GAIN-APPREC>                           0.89
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.77
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              11.54
<EXPENSE-RATIO>                                   2.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 043
   <NAME> OVERSEAS EQUITY FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                       11,277,619
<INVESTMENTS-AT-VALUE>                      12,510,316
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            18,000
<TOTAL-ASSETS>                              12,528,316
<PAYABLE-FOR-SECURITIES>                      (10,000)
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          315
<TOTAL-LIABILITIES>                            (9,685)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     9,101,449
<SHARES-COMMON-STOCK>                           13,799
<SHARES-COMMON-PRIOR>                           10,730
<ACCUMULATED-NII-CURRENT>                      530,298
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,673,548
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,232,706
<NET-ASSETS>                                   159,444
<DIVIDEND-INCOME>                               36,511
<INTEREST-INCOME>                              187,417
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 308,760
<NET-INVESTMENT-INCOME>                       (84,832)
<REALIZED-GAINS-CURRENT>                     2,291,320
<APPREC-INCREASE-CURRENT>                    (584,515)
<NET-CHANGE-FROM-OPS>                        1,621,973
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        4,286
<DISTRIBUTIONS-OF-GAINS>                         3,252
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          8,181
<NUMBER-OF-SHARES-REDEEMED>                      4,765
<SHARES-REINVESTED>                                702
<NET-CHANGE-IN-ASSETS>                     (3,951,872)
<ACCUMULATED-NII-PRIOR>                       (85,926)
<ACCUMULATED-GAINS-PRIOR>                      355,708
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                308,760
<AVERAGE-NET-ASSETS>                           133,455
<PER-SHARE-NAV-BEGIN>                            11.58
<PER-SHARE-NII>                                 (0.14)
<PER-SHARE-GAIN-APPREC>                           0.88
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.77
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              11.55
<EXPENSE-RATIO>                                   2.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 044
   <NAME> OVERSEAS EQUITY FUND INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                       11,277,619
<INVESTMENTS-AT-VALUE>                      12,510,316
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            18,000
<TOTAL-ASSETS>                              12,528,316
<PAYABLE-FOR-SECURITIES>                      (10,000)
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          315
<TOTAL-LIABILITIES>                            (9,685)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     9,101,449
<SHARES-COMMON-STOCK>                            4,810
<SHARES-COMMON-PRIOR>                            4,113
<ACCUMULATED-NII-CURRENT>                      530,298
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,673,548
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,232,706
<NET-ASSETS>                                    60,012
<DIVIDEND-INCOME>                               36,511
<INTEREST-INCOME>                              187,417
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 308,760
<NET-INVESTMENT-INCOME>                       (84,832)
<REALIZED-GAINS-CURRENT>                     2,291,320
<APPREC-INCREASE-CURRENT>                    (584,515)
<NET-CHANGE-FROM-OPS>                        1,621,973
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          809
<DISTRIBUTIONS-OF-GAINS>                           610
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          8,181
<NUMBER-OF-SHARES-REDEEMED>                     26,488
<SHARES-REINVESTED>                                123
<NET-CHANGE-IN-ASSETS>                     (3,951,872)
<ACCUMULATED-NII-PRIOR>                       (85,926)
<ACCUMULATED-GAINS-PRIOR>                      355,708
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                308,760
<AVERAGE-NET-ASSETS>                            53,699
<PER-SHARE-NAV-BEGIN>                            12.32
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                           0.95
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.77
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              12.48
<EXPENSE-RATIO>                                   1.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 051
   <NAME> NEW PACIFIC FUND A CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                       11,672,898
<INVESTMENTS-AT-VALUE>                       9,323,371
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                 599,836
<OTHER-ITEMS-ASSETS>                               582
<TOTAL-ASSETS>                               9,923,789
<PAYABLE-FOR-SECURITIES>                      (85,474)
<SENIOR-LONG-TERM-DEBT>                       (12,672)
<OTHER-ITEMS-LIABILITIES>                     (34,727)
<TOTAL-LIABILITIES>                          (132,873)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    13,520,859
<SHARES-COMMON-STOCK>                          975,985
<SHARES-COMMON-PRIOR>                        1,558,196
<ACCUMULATED-NII-CURRENT>                       31,125
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,137,834)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (2,357,488)
<NET-ASSETS>                                 7,143,529
<DIVIDEND-INCOME>                               38,946
<INTEREST-INCOME>                              214,688
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 273,844
<NET-INVESTMENT-INCOME>                       (20,210)
<REALIZED-GAINS-CURRENT>                     (992,876)
<APPREC-INCREASE-CURRENT>                  (1,602,519)
<NET-CHANGE-FROM-OPS>                      (2,615,605)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      190,598
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,058,867
<NUMBER-OF-SHARES-REDEEMED>                  1,348,426
<SHARES-REINVESTED>                             20,129
<NET-CHANGE-IN-ASSETS>                     (2,421,216)
<ACCUMULATED-NII-PRIOR>                          2,413
<ACCUMULATED-GAINS-PRIOR>                      101,120
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                282,844
<AVERAGE-NET-ASSETS>                        13,415,713
<PER-SHARE-NAV-BEGIN>                             9.42
<PER-SHARE-NII>                                 (0.01)
<PER-SHARE-GAIN-APPREC>                         (1.94)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         0.15
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               7.32
<EXPENSE-RATIO>                                   1.80
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 052
   <NAME> NEW PACIFIC FUND B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                       11,672,898
<INVESTMENTS-AT-VALUE>                       9,323,371
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                 599,836
<OTHER-ITEMS-ASSETS>                               582
<TOTAL-ASSETS>                               9,923,789
<PAYABLE-FOR-SECURITIES>                      (85,474)
<SENIOR-LONG-TERM-DEBT>                       (12,672)
<OTHER-ITEMS-LIABILITIES>                     (34,727)
<TOTAL-LIABILITIES>                          (132,873)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    13,520,859
<SHARES-COMMON-STOCK>                          339,918
<SHARES-COMMON-PRIOR>                          136,335
<ACCUMULATED-NII-CURRENT>                       31,125
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,137,834)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (2,357,488)
<NET-ASSETS>                                 2,533,998
<DIVIDEND-INCOME>                               38,946
<INTEREST-INCOME>                              214,688
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 273,844
<NET-INVESTMENT-INCOME>                       (20,210)
<REALIZED-GAINS-CURRENT>                     (992,876)
<APPREC-INCREASE-CURRENT>                  (1,602,519)
<NET-CHANGE-FROM-OPS>                      (2,615,605)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        8,912
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        319,098
<NUMBER-OF-SHARES-REDEEMED>                     38,756
<SHARES-REINVESTED>                                872
<NET-CHANGE-IN-ASSETS>                     (2,421,216)
<ACCUMULATED-NII-PRIOR>                          2,413
<ACCUMULATED-GAINS-PRIOR>                      101,120
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                282,844
<AVERAGE-NET-ASSETS>                         1,190,014
<PER-SHARE-NAV-BEGIN>                             9.68
<PER-SHARE-NII>                                 (0.08)
<PER-SHARE-GAIN-APPREC>                         (1.98)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         0.15
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               7.47
<EXPENSE-RATIO>                                   2.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 053
   <NAME> NEW PACIFIC FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                       11,672,898
<INVESTMENTS-AT-VALUE>                       9,323,371
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                 599,836
<OTHER-ITEMS-ASSETS>                               582
<TOTAL-ASSETS>                               9,923,789
<PAYABLE-FOR-SECURITIES>                      (85,474)
<SENIOR-LONG-TERM-DEBT>                       (12,672)
<OTHER-ITEMS-LIABILITIES>                     (34,727)
<TOTAL-LIABILITIES>                          (132,873)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    13,520,859
<SHARES-COMMON-STOCK>                           17,635
<SHARES-COMMON-PRIOR>                            7,316
<ACCUMULATED-NII-CURRENT>                       31,125
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,137,834)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (2,357,488)
<NET-ASSETS>                                   129,028
<DIVIDEND-INCOME>                               38,946
<INTEREST-INCOME>                              214,688
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 273,844
<NET-INVESTMENT-INCOME>                       (20,210)
<REALIZED-GAINS-CURRENT>                     (992,876)
<APPREC-INCREASE-CURRENT>                  (1,602,519)
<NET-CHANGE-FROM-OPS>                      (2,615,605)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          761
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         16,227
<NUMBER-OF-SHARES-REDEEMED>                      3,309
<SHARES-REINVESTED>                                 80
<NET-CHANGE-IN-ASSETS>                     (2,421,216)
<ACCUMULATED-NII-PRIOR>                          2,413
<ACCUMULATED-GAINS-PRIOR>                      101,120
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                282,844
<AVERAGE-NET-ASSETS>                            79,794
<PER-SHARE-NAV-BEGIN>                             9.49
<PER-SHARE-NII>                                 (0.08)
<PER-SHARE-GAIN-APPREC>                         (1.94)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         0.15
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               7.32
<EXPENSE-RATIO>                                   2.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 054
   <NAME> NEW PACIFIC FUND INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                       11,672,898
<INVESTMENTS-AT-VALUE>                       9,323,371
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                 599,836
<OTHER-ITEMS-ASSETS>                               582
<TOTAL-ASSETS>                               9,923,789
<PAYABLE-FOR-SECURITIES>                      (85,474)
<SENIOR-LONG-TERM-DEBT>                       (12,672)
<OTHER-ITEMS-LIABILITIES>                     (34,727)
<TOTAL-LIABILITIES>                          (132,873)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    13,520,859
<SHARES-COMMON-STOCK>                           33,011
<SHARES-COMMON-PRIOR>                            9,000
<ACCUMULATED-NII-CURRENT>                       31,125
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,137,834)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (2,357,488)
<NET-ASSETS>                                   250,107
<DIVIDEND-INCOME>                               38,946
<INTEREST-INCOME>                              214,688
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 273,844
<NET-INVESTMENT-INCOME>                       (20,210)
<REALIZED-GAINS-CURRENT>                     (992,876)
<APPREC-INCREASE-CURRENT>                  (1,602,519)
<NET-CHANGE-FROM-OPS>                      (2,615,605)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          370
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        119,458
<NUMBER-OF-SHARES-REDEEMED>                     98,419
<SHARES-REINVESTED>                                 39
<NET-CHANGE-IN-ASSETS>                     (2,421,216)
<ACCUMULATED-NII-PRIOR>                          2,413
<ACCUMULATED-GAINS-PRIOR>                      101,120
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                282,844
<AVERAGE-NET-ASSETS>                            83,049
<PER-SHARE-NAV-BEGIN>                             9.53
<PER-SHARE-NII>                                   0.02
<PER-SHARE-GAIN-APPREC>                         (1.96)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         0.15
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               7.44
<EXPENSE-RATIO>                                   1.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 061
   <NAME> FEDERAL BOND FUND A CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
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<SENIOR-LONG-TERM-DEBT>                              0
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<SHARES-COMMON-PRIOR>                        1,231,849
<ACCUMULATED-NII-CURRENT>                            0
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<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              674,459
<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                        586,820
<REALIZED-GAINS-CURRENT>                       100,476
<APPREC-INCREASE-CURRENT>                    (117,503)
<NET-CHANGE-FROM-OPS>                          569,793
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      530,179
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         12,872
<NUMBER-OF-SHARES-REDEEMED>                  1,257,271
<SHARES-REINVESTED>                             55,027
<NET-CHANGE-IN-ASSETS>                    (12,105,031)
<ACCUMULATED-NII-PRIOR>                            206
<ACCUMULATED-GAINS-PRIOR>                    (486,286)
<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 87,639
<AVERAGE-NET-ASSETS>                         8,136,000
<PER-SHARE-NAV-BEGIN>                             9.60
<PER-SHARE-NII>                                   0.50
<PER-SHARE-GAIN-APPREC>                         (0.42)
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.26
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               9.42
<EXPENSE-RATIO>                                   0.83
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 062
   <NAME> FEDERAL BOND FUND B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
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<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
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<SHARES-COMMON-PRIOR>                           58,461
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              674,459
<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                        586,820
<REALIZED-GAINS-CURRENT>                       100,476
<APPREC-INCREASE-CURRENT>                    (117,503)
<NET-CHANGE-FROM-OPS>                          569,793
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       47,148
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                          4,561
<NUMBER-OF-SHARES-REDEEMED>                     62,455
<SHARES-REINVESTED>                              1,476
<NET-CHANGE-IN-ASSETS>                    (12,105,031)
<ACCUMULATED-NII-PRIOR>                            206
<ACCUMULATED-GAINS-PRIOR>                    (486,286)
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-EXPENSE>                                 87,639
<AVERAGE-NET-ASSETS>                           542,123
<PER-SHARE-NAV-BEGIN>                            10.07
<PER-SHARE-NII>                                   0.43
<PER-SHARE-GAIN-APPREC>                         (0.38)
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<PER-SHARE-DISTRIBUTIONS>                         0.22
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               9.90
<EXPENSE-RATIO>                                   1.53
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 063
   <NAME> FEDERAL BOND FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                                0
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<SHARES-COMMON-PRIOR>                            1,276
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<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              674,459
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  87,639
<NET-INVESTMENT-INCOME>                        586,820
<REALIZED-GAINS-CURRENT>                       100,476
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<NET-CHANGE-FROM-OPS>                          569,793
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          491
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                             73
<NUMBER-OF-SHARES-REDEEMED>                      1,358
<SHARES-REINVESTED>                                 48
<NET-CHANGE-IN-ASSETS>                    (12,105,031)
<ACCUMULATED-NII-PRIOR>                            206
<ACCUMULATED-GAINS-PRIOR>                    (486,286)
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<GROSS-EXPENSE>                                 87,639
<AVERAGE-NET-ASSETS>                            82,724
<PER-SHARE-NAV-BEGIN>                            10.20
<PER-SHARE-NII>                                   0.43
<PER-SHARE-GAIN-APPREC>                         (0.38)
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<PER-SHARE-DISTRIBUTIONS>                         0.22
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.03
<EXPENSE-RATIO>                                   1.53
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 064
   <NAME> FEDERAL BOND FUND INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
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<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
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<SHARES-COMMON-PRIOR>                           23,414
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<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              674,459
<OTHER-INCOME>                                       0
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<REALIZED-GAINS-CURRENT>                       100,476
<APPREC-INCREASE-CURRENT>                    (117,503)
<NET-CHANGE-FROM-OPS>                          569,793
<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        139,920
<NUMBER-OF-SHARES-REDEEMED>                    152,138
<SHARES-REINVESTED>                                583
<NET-CHANGE-IN-ASSETS>                    (12,105,031)
<ACCUMULATED-NII-PRIOR>                            206
<ACCUMULATED-GAINS-PRIOR>                    (486,286)
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<AVERAGE-NET-ASSETS>                         1,357,389
<PER-SHARE-NAV-BEGIN>                             9.09
<PER-SHARE-NII>                                   0.52
<PER-SHARE-GAIN-APPREC>                         (0.43)
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.27
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               8.91
<EXPENSE-RATIO>                                   0.53
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 071
   <NAME> CORPORATE INCOME FUND A CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<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
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                        1,378,087
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            1,200,469
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 109,829
<NET-INVESTMENT-INCOME>                      1,090,640
<REALIZED-GAINS-CURRENT>                       503,289
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<NET-CHANGE-FROM-OPS>                        1,222,054
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      610,482
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        101,075
<NUMBER-OF-SHARES-REDEEMED>                  1,438,153
<SHARES-REINVESTED>                             61,919
<NET-CHANGE-IN-ASSETS>                    (18,389,394)
<ACCUMULATED-NII-PRIOR>                            639
<ACCUMULATED-GAINS-PRIOR>                    (506,327)
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<GROSS-EXPENSE>                                109,829
<AVERAGE-NET-ASSETS>                        14,754,000
<PER-SHARE-NAV-BEGIN>                             9.62
<PER-SHARE-NII>                                   0.55
<PER-SHARE-GAIN-APPREC>                           0.01
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.26
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               9.92
<EXPENSE-RATIO>                                   0.77
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 072
   <NAME> CORPORATE INCOME FUND B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
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<SENIOR-LONG-TERM-DEBT>                              0
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                           17,536
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            1,200,469
<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                      1,090,640
<REALIZED-GAINS-CURRENT>                       503,289
<APPREC-INCREASE-CURRENT>                    (371,875)
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         20,170
<NUMBER-OF-SHARES-REDEEMED>                     40,070
<SHARES-REINVESTED>                                939
<NET-CHANGE-IN-ASSETS>                    (18,389,394)
<ACCUMULATED-NII-PRIOR>                            639
<ACCUMULATED-GAINS-PRIOR>                    (506,327)
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<GROSS-EXPENSE>                                109,829
<AVERAGE-NET-ASSETS>                         1,359,876
<PER-SHARE-NAV-BEGIN>                            10.35
<PER-SHARE-NII>                                   0.49
<PER-SHARE-GAIN-APPREC>                           0.08
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.26
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.66
<EXPENSE-RATIO>                                   1.46
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 073
   <NAME> CORPORATE INCOME FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-PRIOR>                            7,075
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<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                             79
<NUMBER-OF-SHARES-REDEEMED>                      7,158
<SHARES-REINVESTED>                                214
<NET-CHANGE-IN-ASSETS>                    (18,389,394)
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<ACCUMULATED-GAINS-PRIOR>                    (506,327)
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                109,829
<AVERAGE-NET-ASSETS>                           133,455
<PER-SHARE-NAV-BEGIN>                            10.33
<PER-SHARE-NII>                                   0.49
<PER-SHARE-GAIN-APPREC>                           0.09
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.26
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.65
<EXPENSE-RATIO>                                   1.47
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000910682
<NAME> DELAWARE GROUP ADVISER FUNDS, INC.
<SERIES>
   <NUMBER> 074
   <NAME> CORPORATE INCOME FUND INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-END>                               OCT-31-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
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<OTHER-ITEMS-ASSETS>                                 0
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</TABLE>

                     Report of Independent Auditors

To the Shareholders and Board of Directors 
Delaware Group Adviser Funds, Inc.

In planning and performing our audit of the financial
statements of the Delaware Group Adviser Funds, Inc. (the Fund)
for the year ended October 31, 1997, 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 internal control.

The management of the Fund 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
controls.  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
irregularities 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 internal control would not necessarily
disclose all matters in 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 one or more
of the internal control components does not reduce to a
relatively low level the risk that errors or irregularities 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 October 31, 1997.

This report is intended solely for the information and use of
the board of directors and management of Delaware Group Adviser
Funds, Inc. and the Securities and Exchange Commission. 


December 5, 1997



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