DELAWARE GROUP ADVISER FUNDS INC /MD/
NSAR-B, 1998-12-30
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<PAGE>      PAGE  1
000 B000000 10/31/98
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 U
001 A000000 DELAWARE GROUP ADVISER FUNDS, INC.
001 B000000 811-7972
001 C000000 2152552923
002 A000000 2005 MARKET STREET
002 B000000 PHILADELPHIA
002 C000000 PA
002 D010000 19103
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C010200  2
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 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
020 A000001 MERRILL LYNCH
020 B000001 13-5674085
020 C000001     39
020 A000002 SBC WARBURG
020 B000002 13-3340045
020 C000002     26
020 A000003 MORGAN GREENFELL
020 C000003     23
020 A000004 PAINE WEBBER
020 B000004 13-2638166
020 C000004     17
020 A000005 CROSBY SECURITIES
020 C000005     14
<PAGE>      PAGE  2
020 A000006 BARING SECURITIES
020 C000006     12
020 A000007 NOMURA SECURITIES
020 B000007 13-2642206
020 C000007     11
020 A000008 NATIONAL FINANCIAL SERV.
020 C000008      9
020 A000009 GOLDMAN SACHS AND CO.
020 B000009 13-5108880
020 C000009      8
020 A000010 MORGAN STANLEY
020 B000010 13-2655998
020 C000010      7
021  000000      334
022 A000001 MERRILL LYNCH
022 B000001 13-5674085
022 C000001      3465
022 D000001      1741
022 A000002 PRUDENTIAL BACHE
022 C000002      1936
022 D000002      1113
022 A000003 FIRST BOSTON
022 B000003 13-5659485
022 C000003      2573
022 D000003       674
022 A000004 BEAR STEARNS
022 B000004 13-3299429
022 C000004       662
022 D000004      1207
022 A000005 DONALDSON LUFKIN
022 B000005 13-2741729
022 C000005      1915
022 D000005        57
022 A000006 PAINE WEBBER
022 B000006 13-2638166
022 C000006      1850
022 D000006         0
022 A000007 HERZOG HEINE
022 C000007       268
022 D000007      1474
022 A000008 ROBERTSON & STEPHENS
022 B000008 94-2524501
022 C000008      1076
022 D000008       332
022 A000009 JP MORGAN
022 B000009 13-3224016
022 C000009       642
022 D000009       704
022 A000010 GOLDMAN SACHS
022 B000010 13-5108880
022 C000010       577
<PAGE>      PAGE  3
022 D000010       261
023 C000000      20167
023 D000000      10154
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
080 C00AA00    40000
081 A00AA00 Y
081 B00AA00 142
082 A00AA00 Y
082 B00AA00       50
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
028 A010300      3275
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028 F010300      2924
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028 F030300         0
028 F040300      1305
028 G010300     20363
028 G020300         0
028 G030300         0
028 G040300      7133
028 H000300      6648
029  000300 Y
<PAGE>      PAGE  4
030 A000300     20
030 B000300  4.75
030 C000300  4.96
031 A000300     20
031 B000300      0
032  000300      0
033  000300      0
062 A000300 N
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
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062 M000300   0.0
062 N000300   0.0
062 O000300   0.0
062 P000300   0.0
062 Q000300   0.0
062 R000300   0.0
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 Y
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 N
070 M010300 Y
070 M020300 N
<PAGE>      PAGE  5
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300     68139
071 B000300     48803
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072 Y000300        1
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073 A010300   0.0000
073 A020300   0.0000
073 B000300   6.3700
073 C000300   0.0000
<PAGE>      PAGE  6
074 A000300        0
074 B000300     1316
074 C000300        0
074 D000300        0
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074 F000300    48435
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074 U010300     1230
074 U020300     3069
074 V010300    11.49
074 V020300    10.96
074 W000300   0.0000
074 X000300        0
074 Y000300        0
075 A000300        0
075 B000300    38760
076  000300     0.00
028 A010400        49
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028 B030400         0
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028 C010400        57
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028 C030400         0
028 C040400       314
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028 D020400         0
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028 D040400       235
028 E010400        27
028 E020400         0
<PAGE>      PAGE  7
028 E030400         0
028 E040400        80
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028 F030400         0
028 F040400        54
028 G010400       303
028 G020400         0
028 G030400         0
028 G040400       820
028 H000400       180
029  000400 Y
030 A000400      1
030 B000400  4.75
030 C000400  5.03
031 A000400      1
031 B000400      0
032  000400      0
033  000400      0
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
070 A010400 Y
070 A020400 Y
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
<PAGE>      PAGE  8
070 H010400 Y
070 H020400 N
070 I010400 Y
070 I020400 N
070 J010400 Y
070 J020400 Y
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400      4310
071 B000400     12521
071 C000400      4954
071 D000400   87
072 A000400 12
072 B000400       26
072 C000400      114
072 D000400        0
072 E000400        0
072 F000400       46
072 G000400        3
072 H000400        0
072 I000400       33
072 J000400       19
072 K000400        0
072 L000400        0
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072 O000400        2
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072 U000400        2
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072 X000400      200
072 Y000400       97
<PAGE>      PAGE  9
072 Z000400       37
072AA000400      800
072BB000400        0
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072CC020400     1701
072DD010400      530
072DD020400        0
072EE000400     1671
073 A010400   0.5200
073 A020400   0.0000
073 B000400   1.6400
073 C000400   0.0000
074 A000400        0
074 B000400      341
074 C000400        0
074 D000400        0
074 E000400        0
074 F000400     3050
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
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074 M000400       18
074 N000400     3442
074 O000400        0
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074 R040400        4
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074 T000400     3438
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074 U020400      174
074 V010400     8.95
074 V020400     8.03
074 W000400   0.0000
074 X000400        0
074 Y000400        0
075 A000400        0
075 B000400     5059
076  000400     0.00
028 A010500       518
028 A020500         0
028 A030500         0
028 A040500       132
028 B010500       614
028 B020500         0
<PAGE>      PAGE  10
028 B030500         0
028 B040500       370
028 C010500       319
028 C020500         0
028 C030500         0
028 C040500       399
028 D010500       164
028 D020500         0
028 D030500         0
028 D040500       210
028 E010500       153
028 E020500         0
028 E030500         0
028 E040500        88
028 F010500       361
028 F020500         0
028 F030500         0
028 F040500       111
028 G010500      2129
028 G020500         0
028 G030500         0
028 G040500      1310
028 H000500      1184
029  000500 Y
030 A000500      9
030 B000500  4.75
030 C000500  5.01
031 A000500      9
031 B000500      0
032  000500      0
033  000500      0
062 A000500 N
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
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062 N000500   0.0
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062 R000500   0.0
070 A010500 Y
070 A020500 Y
<PAGE>      PAGE  11
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 Y
070 K010500 Y
070 K020500 Y
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500        17
071 B000500       785
071 C000500     14951
071 D000500 7953
072 A000500 12
072 B000500       36
072 C000500      146
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072 G000500        4
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072 J000500       72
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<PAGE>      PAGE  12
072 N000500       31
072 O000500        2
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072 U000500        2
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072 X000500      304
072 Y000500      119
072 Z000500       -3
072AA000500     6396
072BB000500     2186
072CC010500        0
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072DD010500        0
072DD020500        0
072EE000500        0
073 A010500   0.0550
073 A020500   0.0000
073 B000500   0.0000
073 C000500   0.0000
074 A000500       64
074 B000500     1389
074 C000500        0
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074 U010500     1283
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074 V010500     4.59
074 V020500     4.66
<PAGE>      PAGE  13
074 W000500   0.0000
074 X000500        0
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075 A000500        0
075 B000500     8914
076  000500     0.00
SIGNATURE   GEORGE M. CHAMBERLAIN, JR.                   
TITLE       SR. VP/SECRETARY    
 


<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-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                       41,701,899
<INVESTMENTS-AT-VALUE>                      49,750,538
<RECEIVABLES>                                  324,453
<ASSETS-OTHER>                                   4,737
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              50,079,728
<PAYABLE-FOR-SECURITIES>                       173,967
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       94,679
<TOTAL-LIABILITIES>                            268,646
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    44,675,331
<SHARES-COMMON-STOCK>                        1,229,861
<SHARES-COMMON-PRIOR>                          416,442
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         160,171
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     2,752,717
<ACCUM-APPREC-OR-DEPREC>                     8,048,639
<NET-ASSETS>                                14,129,686
<DIVIDEND-INCOME>                              221,574
<INTEREST-INCOME>                              151,943
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 533,688
<NET-INVESTMENT-INCOME>                      (160,171)
<REALIZED-GAINS-CURRENT>                   (2,654,644)
<APPREC-INCREASE-CURRENT>                    5,165,122
<NET-CHANGE-FROM-OPS>                        2,350,307
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     2,703,511
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,076,710
<NUMBER-OF-SHARES-REDEEMED>                    510,127
<SHARES-REINVESTED>                            246,836
<NET-CHANGE-IN-ASSETS>                      22,517,268
<ACCUMULATED-NII-PRIOR>                              0
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<OVERDISTRIB-NII-PRIOR>                         91,868
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                534,355
<AVERAGE-NET-ASSETS>                        10,291,754
<PER-SHARE-NAV-BEGIN>                            16.65
<PER-SHARE-NII>                                (0.062)
<PER-SHARE-GAIN-APPREC>                          1.272
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.49
<EXPENSE-RATIO>                                   1.49
<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> 032
   <NAME> U.S. GROWTH FUND B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                       41,701,899
<INVESTMENTS-AT-VALUE>                      49,750,538
<RECEIVABLES>                                  324,453
<ASSETS-OTHER>                                   4,737
<OTHER-ITEMS-ASSETS>                                 0
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<SENIOR-LONG-TERM-DEBT>                              0
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-PRIOR>                          101,669
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 533,688
<NET-INVESTMENT-INCOME>                      (160,171)
<REALIZED-GAINS-CURRENT>                   (2,654,644)
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<NET-CHANGE-FROM-OPS>                        2,350,307
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       722,725
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        369,583
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<OVERDIST-NET-GAINS-PRIOR>                           0
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<PER-SHARE-NAV-BEGIN>                            16.26
<PER-SHARE-NII>                                 (0.14)
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<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         6.37
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.96
<EXPENSE-RATIO>                                   2.19
<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> 033
   <NAME> U.S. GROWTH FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                       41,701,899
<INVESTMENTS-AT-VALUE>                      49,750,538
<RECEIVABLES>                                  324,453
<ASSETS-OTHER>                                   4,737
<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                       173,967
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       94,679
<TOTAL-LIABILITIES>                            268,646
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    44,675,331
<SHARES-COMMON-STOCK>                          140,144
<SHARES-COMMON-PRIOR>                           14,835
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         160,171
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     2,752,717
<ACCUM-APPREC-OR-DEPREC>                     8,048,639
<NET-ASSETS>                                 1,657,359
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<INTEREST-INCOME>                              151,943
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 533,688
<NET-INVESTMENT-INCOME>                      (160,171)
<REALIZED-GAINS-CURRENT>                   (2,654,644)
<APPREC-INCREASE-CURRENT>                    5,165,122
<NET-CHANGE-FROM-OPS>                        2,350,307
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       110,828
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        138,063
<NUMBER-OF-SHARES-REDEEMED>                     22,718
<SHARES-REINVESTED>                              9,964
<NET-CHANGE-IN-ASSETS>                      22,517,268
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   10,854,607
<OVERDISTRIB-NII-PRIOR>                         91,868
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                534,355
<AVERAGE-NET-ASSETS>                           851,329
<PER-SHARE-NAV-BEGIN>                            17.02
<PER-SHARE-NII>                                (0.148)
<PER-SHARE-GAIN-APPREC>                          1.328
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         6.37
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.83
<EXPENSE-RATIO>                                   2.19
<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-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                       41,701,899
<INVESTMENTS-AT-VALUE>                      49,750,538
<RECEIVABLES>                                  324,453
<ASSETS-OTHER>                                   4,737
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              50,079,728
<PAYABLE-FOR-SECURITIES>                       173,967
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       94,679
<TOTAL-LIABILITIES>                            268,646
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    44,675,331
<SHARES-COMMON-STOCK>                        2,434,193
<SHARES-COMMON-PRIOR>                        1,094,399
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         160,171
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     2,752,717
<ACCUM-APPREC-OR-DEPREC>                     8,048,639
<NET-ASSETS>                                28,605,842
<DIVIDEND-INCOME>                              221,574
<INTEREST-INCOME>                              151,943
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 533,688
<NET-INVESTMENT-INCOME>                      (160,171)
<REALIZED-GAINS-CURRENT>                   (2,654,644)
<APPREC-INCREASE-CURRENT>                    5,165,122
<NET-CHANGE-FROM-OPS>                        2,350,307
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     7,317,726
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,291,956
<NUMBER-OF-SHARES-REDEEMED>                    629,729
<SHARES-REINVESTED>                            677,567
<NET-CHANGE-IN-ASSETS>                      22,517,268
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   10,854,607
<OVERDISTRIB-NII-PRIOR>                         91,868
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                534,355
<AVERAGE-NET-ASSETS>                        24,139,205
<PER-SHARE-NAV-BEGIN>                            16.86
<PER-SHARE-NII>                                (0.027)
<PER-SHARE-GAIN-APPREC>                          1.287
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         6.37
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.75
<EXPENSE-RATIO>                                   1.19
<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-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                        3,861,568
<INVESTMENTS-AT-VALUE>                       3,391,249
<RECEIVABLES>                                   23,449
<ASSETS-OTHER>                                  65,947
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               3,480,645
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       43,124
<TOTAL-LIABILITIES>                             43,124
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     3,066,414
<SHARES-COMMON-STOCK>                          227,402
<SHARES-COMMON-PRIOR>                          868,395
<ACCUMULATED-NII-CURRENT>                     (48,683)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        888,254
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (468,464)
<NET-ASSETS>                                 2,034,186
<DIVIDEND-INCOME>                              120,937
<INTEREST-INCOME>                               25,969
<OTHER-INCOME>                                 (7,354)
<EXPENSES-NET>                                 102,937
<NET-INVESTMENT-INCOME>                         36,615
<REALIZED-GAINS-CURRENT>                       799,544
<APPREC-INCREASE-CURRENT>                  (1,701,170)
<NET-CHANGE-FROM-OPS>                        (865,011)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      454,027
<DISTRIBUTIONS-OF-GAINS>                     1,431,918
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         49,042
<NUMBER-OF-SHARES-REDEEMED>                    878,340
<SHARES-REINVESTED>                            188,305
<NET-CHANGE-IN-ASSETS>                     (9,100,480)
<ACCUMULATED-NII-PRIOR>                        530,298
<ACCUMULATED-GAINS-PRIOR>                    1,673,548
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                200,383
<AVERAGE-NET-ASSETS>                         3,477,226
<PER-SHARE-NAV-BEGIN>                            12.52
<PER-SHARE-NII>                                  0.091
<PER-SHARE-GAIN-APPREC>                        (1.501)
<PER-SHARE-DIVIDEND>                              0.52
<PER-SHARE-DISTRIBUTIONS>                         1.64
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               8.95
<EXPENSE-RATIO>                                   1.83
<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> 042
   <NAME> OVERSEAS EQUITY FUND B CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                        3,861,568
<INVESTMENTS-AT-VALUE>                       3,391,249
<RECEIVABLES>                                   23,449
<ASSETS-OTHER>                                  65,947
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               3,480,645
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       43,124
<TOTAL-LIABILITIES>                             43,124
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     3,066,414
<SHARES-COMMON-STOCK>                          145,216
<SHARES-COMMON-PRIOR>                          125,707
<ACCUMULATED-NII-CURRENT>                     (48,683)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        888,254
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (468,464)
<NET-ASSETS>                                 1,165,743
<DIVIDEND-INCOME>                              120,937
<INTEREST-INCOME>                               25,969
<OTHER-INCOME>                                 (7,354)
<EXPENSES-NET>                                 102,937
<NET-INVESTMENT-INCOME>                         36,615
<REALIZED-GAINS-CURRENT>                       799,544
<APPREC-INCREASE-CURRENT>                  (1,701,170)
<NET-CHANGE-FROM-OPS>                        (865,011)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       65,715
<DISTRIBUTIONS-OF-GAINS>                       207,294
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         15,653
<NUMBER-OF-SHARES-REDEEMED>                     25,581
<SHARES-REINVESTED>                             29,437
<NET-CHANGE-IN-ASSETS>                     (9,100,480)
<ACCUMULATED-NII-PRIOR>                        530,298
<ACCUMULATED-GAINS-PRIOR>                    1,673,548
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                200,383
<AVERAGE-NET-ASSETS>                         1,367,691
<PER-SHARE-NAV-BEGIN>                            11.54
<PER-SHARE-NII>                                  0.033
<PER-SHARE-GAIN-APPREC>                        (1.383)
<PER-SHARE-DIVIDEND>                              0.52
<PER-SHARE-DISTRIBUTIONS>                         1.64
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               8.03
<EXPENSE-RATIO>                                   2.53
<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> 043
   <NAME> OVERSEAS EQUITY FUND C CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                        3,861,568
<INVESTMENTS-AT-VALUE>                       3,391,249
<RECEIVABLES>                                   23,449
<ASSETS-OTHER>                                  65,947
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               3,480,645
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       43,124
<TOTAL-LIABILITIES>                             43,124
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     3,066,414
<SHARES-COMMON-STOCK>                           22,220
<SHARES-COMMON-PRIOR>                           13,799
<ACCUMULATED-NII-CURRENT>                     (48,683)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        888,254
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (468,464)
<NET-ASSETS>                                   178,702
<DIVIDEND-INCOME>                              120,937
<INTEREST-INCOME>                               25,969
<OTHER-INCOME>                                 (7,354)
<EXPENSES-NET>                                 102,937
<NET-INVESTMENT-INCOME>                         36,615
<REALIZED-GAINS-CURRENT>                       799,544
<APPREC-INCREASE-CURRENT>                  (1,701,170)
<NET-CHANGE-FROM-OPS>                        (865,011)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        7,303
<DISTRIBUTIONS-OF-GAINS>                        23,031
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         13,815
<NUMBER-OF-SHARES-REDEEMED>                      8,711
<SHARES-REINVESTED>                              3,317
<NET-CHANGE-IN-ASSETS>                     (9,100,480)
<ACCUMULATED-NII-PRIOR>                        530,298
<ACCUMULATED-GAINS-PRIOR>                    1,673,548
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                200,383
<AVERAGE-NET-ASSETS>                           156,543
<PER-SHARE-NAV-BEGIN>                            11.55
<PER-SHARE-NII>                                  0.033
<PER-SHARE-GAIN-APPREC>                        (1.383)
<PER-SHARE-DIVIDEND>                              0.52
<PER-SHARE-DISTRIBUTIONS>                         1.64
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               8.04
<EXPENSE-RATIO>                                   2.53
<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> 044
   <NAME> OVERSEAS EQUITY FUND INSTITUTIONAL CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                        3,861,568
<INVESTMENTS-AT-VALUE>                       3,391,249
<RECEIVABLES>                                   23,449
<ASSETS-OTHER>                                  65,947
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               3,480,645
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       43,124
<TOTAL-LIABILITIES>                             43,124
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     3,066,414
<SHARES-COMMON-STOCK>                            6,594
<SHARES-COMMON-PRIOR>                            4,810
<ACCUMULATED-NII-CURRENT>                     (48,683)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        888,254
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (468,464)
<NET-ASSETS>                                    58,890
<DIVIDEND-INCOME>                              120,937
<INTEREST-INCOME>                               25,969
<OTHER-INCOME>                                 (7,354)
<EXPENSES-NET>                                 102,937
<NET-INVESTMENT-INCOME>                         36,615
<REALIZED-GAINS-CURRENT>                       799,544
<APPREC-INCREASE-CURRENT>                  (1,701,170)
<NET-CHANGE-FROM-OPS>                        (865,011)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        2,683
<DISTRIBUTIONS-OF-GAINS>                         8,463
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          2,121
<NUMBER-OF-SHARES-REDEEMED>                      1,464
<SHARES-REINVESTED>                              1,127
<NET-CHANGE-IN-ASSETS>                     (9,100,480)
<ACCUMULATED-NII-PRIOR>                        530,298
<ACCUMULATED-GAINS-PRIOR>                    1,673,548
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                200,383
<AVERAGE-NET-ASSETS>                            57,997
<PER-SHARE-NAV-BEGIN>                            12.48
<PER-SHARE-NII>                                  0.123
<PER-SHARE-GAIN-APPREC>                        (1.513)
<PER-SHARE-DIVIDEND>                              0.52
<PER-SHARE-DISTRIBUTIONS>                         1.64
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               8.93
<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> 051
   <NAME> NEW PACIFIC FUND A CLASS
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                        8,514,512
<INVESTMENTS-AT-VALUE>                       8,408,579
<RECEIVABLES>                                  369,360
<ASSETS-OTHER>                                 124,484
<OTHER-ITEMS-ASSETS>                            12,478
<TOTAL-ASSETS>                               8,914,901
<PAYABLE-FOR-SECURITIES>                       348,310
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       94,657
<TOTAL-LIABILITIES>                            442,967
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    16,227,055
<SHARES-COMMON-STOCK>                        1,283,482
<SHARES-COMMON-PRIOR>                          975,985
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         524,656
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     7,059,453
<ACCUM-APPREC-OR-DEPREC>                     (171,012)
<NET-ASSETS>                                 5,887,073
<DIVIDEND-INCOME>                              151,023
<INTEREST-INCOME>                               36,485
<OTHER-INCOME>                                 (5,551)
<EXPENSES-NET>                                 185,315
<NET-INVESTMENT-INCOME>                        (3,358)
<REALIZED-GAINS-CURRENT>                   (6,395,951)
<APPREC-INCREASE-CURRENT>                    2,186,476
<NET-CHANGE-FROM-OPS>                      (4,212,833)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       55,976
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        703,209
<NUMBER-OF-SHARES-REDEEMED>                    403,742
<SHARES-REINVESTED>                              8,030
<NET-CHANGE-IN-ASSETS>                     (1,584,728)
<ACCUMULATED-NII-PRIOR>                         31,125
<ACCUMULATED-GAINS-PRIOR>                  (1,137,834)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                304,318
<AVERAGE-NET-ASSETS>                         6,339,655
<PER-SHARE-NAV-BEGIN>                             7.32
<PER-SHARE-NII>                                  0.008
<PER-SHARE-GAIN-APPREC>                        (2.683)
<PER-SHARE-DIVIDEND>                             0.055
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               4.59
<EXPENSE-RATIO>                                   1.90
<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-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                        8,514,512
<INVESTMENTS-AT-VALUE>                       8,408,579
<RECEIVABLES>                                  369,360
<ASSETS-OTHER>                                 124,484
<OTHER-ITEMS-ASSETS>                            12,478
<TOTAL-ASSETS>                               8,914,901
<PAYABLE-FOR-SECURITIES>                       348,310
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       94,657
<TOTAL-LIABILITIES>                            442,967
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    16,227,055
<SHARES-COMMON-STOCK>                          480,027
<SHARES-COMMON-PRIOR>                          339,318
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         524,656
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     7,059,453
<ACCUM-APPREC-OR-DEPREC>                     (171,012)
<NET-ASSETS>                                 2,236,033
<DIVIDEND-INCOME>                              151,023
<INTEREST-INCOME>                               36,485
<OTHER-INCOME>                                 (5,551)
<EXPENSES-NET>                                 185,315
<NET-INVESTMENT-INCOME>                        (3,358)
<REALIZED-GAINS-CURRENT>                   (6,395,951)
<APPREC-INCREASE-CURRENT>                    2,186,476
<NET-CHANGE-FROM-OPS>                      (4,212,833)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       19,082
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        303,076
<NUMBER-OF-SHARES-REDEEMED>                    165,007
<SHARES-REINVESTED>                              2,640
<NET-CHANGE-IN-ASSETS>                     (1,584,728)
<ACCUMULATED-NII-PRIOR>                         31,125
<ACCUMULATED-GAINS-PRIOR>                  (1,137,834)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                304,318
<AVERAGE-NET-ASSETS>                         2,288,457
<PER-SHARE-NAV-BEGIN>                             7.47
<PER-SHARE-NII>                                (0.031)
<PER-SHARE-GAIN-APPREC>                        (2.724)
<PER-SHARE-DIVIDEND>                             0.055
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               4.66
<EXPENSE-RATIO>                                   2.60
<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-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                        8,514,512
<INVESTMENTS-AT-VALUE>                       8,408,579
<RECEIVABLES>                                  369,360
<ASSETS-OTHER>                                 124,484
<OTHER-ITEMS-ASSETS>                            12,478
<TOTAL-ASSETS>                               8,914,901
<PAYABLE-FOR-SECURITIES>                       348,310
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       94,657
<TOTAL-LIABILITIES>                            442,967
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    16,227,055
<SHARES-COMMON-STOCK>                           28,570
<SHARES-COMMON-PRIOR>                           17,635
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         524,656
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     7,059,453
<ACCUM-APPREC-OR-DEPREC>                     (171,012)
<NET-ASSETS>                                   130,027
<DIVIDEND-INCOME>                              151,023
<INTEREST-INCOME>                               36,485
<OTHER-INCOME>                                 (5,551)
<EXPENSES-NET>                                 185,315
<NET-INVESTMENT-INCOME>                        (3,358)
<REALIZED-GAINS-CURRENT>                   (6,395,951)
<APPREC-INCREASE-CURRENT>                    2,186,476
<NET-CHANGE-FROM-OPS>                      (4,212,833)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        1,015
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         19,220
<NUMBER-OF-SHARES-REDEEMED>                      8,431
<SHARES-REINVESTED>                                146
<NET-CHANGE-IN-ASSETS>                     (1,584,728)
<ACCUMULATED-NII-PRIOR>                         31,125
<ACCUMULATED-GAINS-PRIOR>                  (1,137,834)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                304,318
<AVERAGE-NET-ASSETS>                           114,822
<PER-SHARE-NAV-BEGIN>                             7.32
<PER-SHARE-NII>                                (0.029)
<PER-SHARE-GAIN-APPREC>                        (2.686)
<PER-SHARE-DIVIDEND>                             0.055
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               4.55
<EXPENSE-RATIO>                                   2.60
<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-31-1998
<PERIOD-END>                               OCT-31-1998
<INVESTMENTS-AT-COST>                        8,514,512
<INVESTMENTS-AT-VALUE>                       8,408,579
<RECEIVABLES>                                  369,360
<ASSETS-OTHER>                                 124,484
<OTHER-ITEMS-ASSETS>                            12,478
<TOTAL-ASSETS>                               8,914,901
<PAYABLE-FOR-SECURITIES>                       348,310
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       94,657
<TOTAL-LIABILITIES>                            442,967
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    16,227,055
<SHARES-COMMON-STOCK>                           46,651
<SHARES-COMMON-PRIOR>                           33,611
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         524,656
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     7,059,453
<ACCUM-APPREC-OR-DEPREC>                     (171,012)
<NET-ASSETS>                                   218,801
<DIVIDEND-INCOME>                              151,023
<INTEREST-INCOME>                               36,485
<OTHER-INCOME>                                 (5,551)
<EXPENSES-NET>                                 185,315
<NET-INVESTMENT-INCOME>                        (3,358)
<REALIZED-GAINS-CURRENT>                   (6,395,951)
<APPREC-INCREASE-CURRENT>                    2,186,476
<NET-CHANGE-FROM-OPS>                      (4,212,833)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        2,018
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        130,843
<NUMBER-OF-SHARES-REDEEMED>                    118,089
<SHARES-REINVESTED>                                286
<NET-CHANGE-IN-ASSETS>                     (1,584,728)
<ACCUMULATED-NII-PRIOR>                         31,125
<ACCUMULATED-GAINS-PRIOR>                  (1,137,834)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                304,318
<AVERAGE-NET-ASSETS>                           171,422
<PER-SHARE-NAV-BEGIN>                             7.44
<PER-SHARE-NII>                                  0.024
<PER-SHARE-GAIN-APPREC>                        (2.719)
<PER-SHARE-DIVIDEND>                             0.055
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               4.69
<EXPENSE-RATIO>                                   1.60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</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 Delaware Group Adviser Funds, Inc. (the "Funds")
for the year ended October 31, 1998, we considered their
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 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
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
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 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
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
internal control and its operation, including controls for
safeguarding securities, that we consider to be material
weaknesses as defined above at October 31, 1998.

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


Philadelphia, Pennsylvania
December 4, 1998



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