NORTHSTAR ADVANTAGE TRUST
NSAR-A, 1996-06-27
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<PAGE>      PAGE  1
000 A000000 04/30/96
000 C000000 0000911294
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 NORTHSTAR ADVANTAGE TRUST
001 B000000 811-7978
001 C000000 2038636243
002 A000000 2 PICKWICK PLAZA
002 B000000 GREENWICH
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002 D010000 06830
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 NORTHSTAR ADVANTAGE INCOME AND GROWTH FUND
007 C030100 N
007 C010200  2
007 C020200 NORTHSTAR ADVANTAGE HIGH TOTAL RETURN
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 NORTHSTAR INVESTMENT MANAGEMENT CORP
008 B00AA01 A
008 C00AA01 801-44637
008 D01AA01 GREENWICH
008 D02AA01 CT
008 D03AA01 06830
010 A00AA01 NORTHSTAR ADMINISTRATORS CORP
010 C01AA01 GREENWICH
010 C02AA01 CT
010 C03AA01 06830
011 A00AA01 NORTHSTAR DISTRIBUTORS, INC.
011 B00AA01 8-38545
011 C01AA01 GREENWICH
011 C02AA01 CT
011 C03AA01 06830
<PAGE>      PAGE  2
012 A00AA01 FIRST DATA INVESTOR SERVICES GROUP, INC.
012 B00AA01 84-0000000
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02103
013 A00AA01 COOPERS AND LYBRAND
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
015 A00AA01 CUSTODIAL TRUST COMPANY
015 B00AA01 C
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015 C02AA01 NJ
015 C03AA01 08540
015 C04AA01 6231
015 E01AA01 X
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<PAGE>      PAGE  3
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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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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SIGNATURE   GUY NORDAHL                                  
TITLE       MANAGER             
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000911294
<NAME> NORTSTAR ADVATAGE TRUST
<SERIES>
   <NUMBER> 021
   <NAME> HIGH TOTAL RETURN FUND
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000911294
<NAME> NORTSTAR ADVATAGE TRUST
<SERIES>
   <NUMBER> 022
   <NAME> HIGH TOTAL RETURN FUND
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000911294
<NAME> NORTSTAR ADVATAGE TRUST
<SERIES>
   <NUMBER> 023
   <NAME> HIGH TOTAL RETURN FUND
       
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<ACCUMULATED-NII-PRIOR>                         190021
<ACCUMULATED-GAINS-PRIOR>                    (4419210)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000911294
<NAME> NORTHSTAR ADVANTAGE TRUST
<SERIES>
   <NUMBER> 011
   <NAME> INCOME AND GROWTH
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1996
<PERIOD-START>                             NOV-01-1995
<PERIOD-END>                               APR-30-1996
<INVESTMENTS-AT-COST>                        180384268
<INVESTMENTS-AT-VALUE>                       194212021
<RECEIVABLES>                                  1379058
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<TOTAL-ASSETS>                               209036763
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<PAID-IN-CAPITAL-COMMON>                     184150735
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<DIVIDEND-INCOME>                               804200
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000911294
<NAME> NORTHSTAR ADVANTAGE TRUST
<SERIES>
   <NUMBER> 012
   <NAME> INCOME AND GROWTH FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<PERIOD-END>                               APR-30-1996
<INVESTMENTS-AT-COST>                        180384268
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<PAID-IN-CAPITAL-COMMON>                     184150735
<SHARES-COMMON-STOCK>                                0
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<ACCUMULATED-NET-GAINS>                        9776470
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<ACCUMULATED-GAINS-PRIOR>                    (1804753)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000911294
<NAME> NORTHSTAR ADVANTAGE TRUST
<SERIES>
   <NUMBER> 013
   <NAME> INCOME AND GROWTH
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<ACCUMULATED-GAINS-PRIOR>                    (1804753)
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</TABLE>


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