<PAGE> PAGE 1
000 A000000 09/30/96
000 C000000 0000927424
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 KEYSTONE GLOBAL RESOURCE AND DEVELOPMENT FUND
001 B000000 811-8694
001 C000000 6173383200
002 A000000 200 BERKELEY STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02160
002 D020000 5034
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
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 A000001 KEYSTONE INVESTMENT MANAGEMENT COMPANY
008 B000001 A
008 C000001 801-8327
008 D010001 BOSTON
008 D020001 MA
008 D030001 02116
008 D040001 5034
011 A000001 KEYSTONE INVESTMENT DISTRIBUTORS COMPANY
011 B000001 8-395
011 C010001 BOSTON
011 C020001 MA
011 C030001 02116
011 C040001 5034
012 A000001 KEYSTONE INVESTOR RESOURCE CENTER, INC.
012 B000001 84-1571
012 C010001 BOSTON
012 C020001 MA
012 C030001 02116
<PAGE> PAGE 2
013 A000001 KPMG PEAT MARWICK LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02116
015 A000001 STATE STREET BANK & TRUST COMPANY
015 B000001 C
015 C010001 QUINCY
015 C020001 MA
015 C030001 02171
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 20
019 C000000 KEYGROUPPA
020 A000001 MERRILL,LYNCH, PIERCE, FENNES
020 C000001 10
020 A000002 SBC WARBURG
020 C000002 3
020 A000003 MERRILL, LYNCH, PIECRE
020 C000003 3
020 A000004 BARING SECURITIES NY
020 C000004 3
020 A000005 CREDIT LYONNAIS (ASIA LTD)
020 C000005 2
020 A000006 SANTONDER INVESTMENT BOOK
020 C000006 2
020 A000007 DONALDSON LUFKIN & JENNERE
020 C000007 2
020 A000008 INSTINET CORP
020 C000008 1
020 A000009 JB WERE & LON LTD
020 C000009 1
020 A000010 CASPIAN SECURITIES INC. N.Y.
020 C000010 1
021 000000 34
022 A000001 NESHITT BURNS
022 C000001 0
022 D000001 184
022 A000002 0RRILL LYNCH PIERCA FENNER
022 C000002 68
022 D000002 39
022 A000003 CASPIAN SECURITIES
022 C000003 98
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
<PAGE> PAGE 3
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 110674
023 D000000 282
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 0
028 A020000 0
028 A030000 1523
028 A040000 287
028 B010000 0
028 B020000 0
028 B030000 374
028 B040000 1095
028 C010000 0
028 C020000 0
028 C030000 323
028 C040000 630
028 D010000 0
028 D020000 0
028 D030000 1205
028 D040000 390
028 E010000 0
028 E020000 0
028 E030000 436
028 E040000 455
028 F010000 0
028 F020000 0
028 F030000 266
<PAGE> PAGE 4
028 F040000 519
028 G010000 0
028 G020000 0
028 G030000 4127
028 G040000 3376
028 H000000 693
029 000000 Y
030 A000000 50
030 B000000 5.75
030 C000000 5.75
031 A000000 1
031 B000000 0
032 000000 49
033 000000 0
034 000000 Y
035 000000 69
036 A000000 Y
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 79
044 000000 0
045 000000 Y
046 000000 Y
047 000000 Y
048 000000 1.000
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
<PAGE> PAGE 5
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 1000
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
<PAGE> PAGE 6
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 E000000 Y
067 000000 Y
068 A000000 N
068 B000000 Y
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 5155
071 B000000 12050
071 C000000 0
<PAGE> PAGE 7
071 D000000 35
072 A000000 6
072 B000000 7
072 C000000 273
072 D000000 0
072 E000000 0
072 F000000 117
072 G000000 0
072 H000000 0
072 I000000 42
072 J000000 30
072 K000000 0
072 L000000 13
072 M000000 0
072 N000000 31
072 O000000 0
072 P000000 0
072 Q000000 15
072 R000000 8
072 S000000 5
072 T000000 98
072 U000000 6
072 V000000 0
072 W000000 4
072 X000000 370
072 Y000000 2
072 Z000000 -88
072AA000000 507
072BB000000 0
072CC010000 749
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 184
074 C000000 0
074 D000000 0
074 E000000 0
074 F000000 4
074 G000000 23443
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 65
074 M000000 30
<PAGE> PAGE 8
074 N000000 23726
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 51
074 S000000 0
074 T000000 23675
074 U010000 2114
074 U020000 0
074 V010000 11.33
074 V020000 11.16
074 W000000 0.0000
074 X000000 0
074 Y000000 0
075 A000000 0
075 B000000 23422
076 000000 0.00
077 A000000 Y
077 P000000 N
077 Q010000 Y
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000 35000
081 A000000 Y
081 B000000 36
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 N
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE J. KEVIN KENELY
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 101
<NAME> KEYSTONE GLOBAL RESOURCES AND DEVELOPMENT FUND CLASS A
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-START> APR-01-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 19,621,903
<INVESTMENTS-AT-VALUE> 23,626,574
<RECEIVABLES> 68,768
<ASSETS-OTHER> 30,596
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 23,725,938
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 50,557
<TOTAL-LIABILITIES> 50,557
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,101,453
<SHARES-COMMON-STOCK> 435,307
<SHARES-COMMON-PRIOR> 425,914
<ACCUMULATED-NII-CURRENT> 35,171
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (96,911)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 892,445
<NET-ASSETS> 4,932,158
<DIVIDEND-INCOME> 53,410
<INTEREST-INCOME> 5,536
<OTHER-INCOME> 0
<EXPENSES-NET> (62,570)
<NET-INVESTMENT-INCOME> (3,624)
<REALIZED-GAINS-CURRENT> 107,247
<APPREC-INCREASE-CURRENT> 150,598
<NET-CHANGE-FROM-OPS> 254,221
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 61,689
<NUMBER-OF-SHARES-REDEEMED> (52,296)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 358,584
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (24,622)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (62,570)
<AVERAGE-NET-ASSETS> 4,924,373
<PER-SHARE-NAV-BEGIN> 10.74
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 0.60
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.33
<EXPENSE-RATIO> 2.54
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 102
<NAME> KEYSTONE GLOBAL RESOURCES AND DEVELOPMENT FUND CLASS B
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-START> APR-01-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 19,621,903
<INVESTMENTS-AT-VALUE> 23,626,574
<RECEIVABLES> 68,768
<ASSETS-OTHER> 30,596
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 23,725,938
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 50,557
<TOTAL-LIABILITIES> 50,557
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13,377,523
<SHARES-COMMON-STOCK> 1,418,206
<SHARES-COMMON-PRIOR> 1,427,520
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (102,755)
<ACCUMULATED-NET-GAINS> (239,006)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,796,802
<NET-ASSETS> 15,832,564
<DIVIDEND-INCOME> 172,332
<INTEREST-INCOME> 17,809
<OTHER-INCOME> 0
<EXPENSES-NET> (261,637)
<NET-INVESTMENT-INCOME> (71,496)
<REALIZED-GAINS-CURRENT> 343,738
<APPREC-INCREASE-CURRENT> 506,107
<NET-CHANGE-FROM-OPS> 778,349
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 172,872
<NUMBER-OF-SHARES-REDEEMED> (182,185)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 671,448
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (79,248)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (261,637)
<AVERAGE-NET-ASSETS> 15,855,961
<PER-SHARE-NAV-BEGIN> 10.62
<PER-SHARE-NII> (0.05)
<PER-SHARE-GAIN-APPREC> 0.59
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.16
<EXPENSE-RATIO> 3.29
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ACCOUNTING
RECORDS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH ACCOUNTING
RECORDS.
</LEGEND>
<SERIES>
<NUMBER> 103
<NAME> KEYSTONE GLOBAL RESOURCES AND DEVELOPMENT FUND CLASS C
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-START> APR-01-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 19,621,903
<INVESTMENTS-AT-VALUE> 23,626,574
<RECEIVABLES> 68,768
<ASSETS-OTHER> 30,596
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 23,725,938
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 50,557
<TOTAL-LIABILITIES> 50,557
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,618,155
<SHARES-COMMON-STOCK> 260,717
<SHARES-COMMON-PRIOR> 190,428
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (16,526)
<ACCUMULATED-NET-GAINS> 9,875
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 299,155
<NET-ASSETS> 2,910,659
<DIVIDEND-INCOME> 28,244
<INTEREST-INCOME> 2,913
<OTHER-INCOME> 0
<EXPENSES-NET> (43,865)
<NET-INVESTMENT-INCOME> (12,708)
<REALIZED-GAINS-CURRENT> 55,633
<APPREC-INCREASE-CURRENT> 92,524
<NET-CHANGE-FROM-OPS> 135,449
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 138,037
<NUMBER-OF-SHARES-REDEEMED> (67,748)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 887,894
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (13,242)
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> (43,865)
<AVERAGE-NET-ASSETS> 2,642,082
<PER-SHARE-NAV-BEGIN> 10.62
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 0.58
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.16
<EXPENSE-RATIO> 3.29
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
