SARATOGA ADVANTAGE TRUST
NSAR-A, 1996-04-26
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<PAGE>      PAGE  1
000 A000000 02/29/96
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001 A000000 THE SARATOGA ADVANTAGE TRUST
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002 A000000 33 MAIDEN LANE
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<PAGE>      PAGE  2
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SIGNATURE   LES KLEIN                                    
TITLE       ASST TREASURER      
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL ANNUAL REPORT FOR THE SIX MONTHS ENDED FEBRUARY 29, 1996.
</LEGEND>
<CIK> 0000924628
<NAME> THE SARATOGA ADVANTAGE TRUST
<SERIES>
   <NUMBER> 01
   <NAME> US GOVERNMENT MONEY MARKET PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT FOR THE SIX MONTHS ENDED FEBRUARY 29, 1996.
</LEGEND>
<CIK> 0000924628
<NAME> THE SARATOGA ADVANTAGE TRUST
<SERIES>
   <NUMBER> 2
   <NAME> INVESTMENT QUALITY BOND PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT FOR THE SIX MONTHS ENDED FEBRUARY 29, 1996
</LEGEND>
<CIK> 0000924628
<NAME> THE SARATOGA ADVANTAGE TRUST
<SERIES>
   <NUMBER> 3
   <NAME> MUNICIPAL BOND PORTFOLIO
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT FOR THE SIX MONTHS ENDED FEBRUARY 29, 1996.
</LEGEND>
<CIK> 0000924628
<NAME> THE SARATOGA ADVANTAGE TRUST
<SERIES>
   <NUMBER> 4
   <NAME> LARGE CAPITALIZATION VALUE PORTFOLIO
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT FOR SIX MONTHS ENDED FEBRUARY 29, 1996
</LEGEND>
<CIK> 0000924628
<NAME> THE SARATOGA ADVANTAGE TRUST
<SERIES>
   <NUMBER> 5
   <NAME> LARGE CAPITALIZATION GROWTH PORTFOLIO
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT FOR THE SIX MONTHS ENDED FEBRUARY 29, 1996.
</LEGEND>
<CIK> 0000924628
<NAME> THE SARATOGA ADVANTAGE TRUST
<SERIES>
   <NUMBER> 6
   <NAME> SMALL CAPITALIZATION PORTFOLIO
       
<S>                             <C>
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<PER-SHARE-NAV-BEGIN>                            12.62
<PER-SHARE-NII>                                  (.04)
<PER-SHARE-GAIN-APPREC>                            .04
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        (.39)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.23
<EXPENSE-RATIO>                                   1.18
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT FOR THE SIX MONTHS ENDED FEBRUARY 29, 1996.
</LEGEND>
<CIK> 0000924628
<NAME> THE SARATOGA ADVANTAGE TRUST
<SERIES>
   <NUMBER> 7
   <NAME> INTERNATIONAL EQUITY PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-1996
<PERIOD-START>                             SEP-01-1995
<PERIOD-END>                               FEB-29-1996
<INVESTMENTS-AT-COST>                          4091680
<INVESTMENTS-AT-VALUE>                         4213575
<RECEIVABLES>                                   195170
<ASSETS-OTHER>                                  405114
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 4813859
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        42857
<TOTAL-LIABILITIES>                              42857
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       4203318
<SHARES-COMMON-STOCK>                           496495
<SHARES-COMMON-PRIOR>                           311650
<ACCUMULATED-NII-CURRENT>                       (9231)
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<ACCUMULATED-NET-GAINS>                        (41475)
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<ACCUM-APPREC-OR-DEPREC>                        121895
<NET-ASSETS>                                   4771002
<DIVIDEND-INCOME>                                15656
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (24887)
<NET-INVESTMENT-INCOME>                         (9231)
<REALIZED-GAINS-CURRENT>                         24513
<APPREC-INCREASE-CURRENT>                       118702
<NET-CHANGE-FROM-OPS>                           133984
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (13971)
<DISTRIBUTIONS-OF-GAINS>                       (21256)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         257868
<NUMBER-OF-SHARES-REDEEMED>                    (76599)
<SHARES-REINVESTED>                               3576
<NET-CHANGE-IN-ASSETS>                         1864247
<ACCUMULATED-NII-PRIOR>                          13971
<ACCUMULATED-GAINS-PRIOR>                      (44732)
<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  94572
<AVERAGE-NET-ASSETS>                           3913381
<PER-SHARE-NAV-BEGIN>                             9.33
<PER-SHARE-NII>                                  (.03)
<PER-SHARE-GAIN-APPREC>                            .39
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<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                   1.28
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>


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