<PAGE> PAGE 1
000 A000000 01/31/99
000 C000000 0000930007
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 PAINWEBBER PACE SELECT ADVISORS TRUST
001 B000000 811-8764
001 C000000 2127133041
002 A000000 1285 AVENUE OF THE AMERICAS
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10019
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 12
007 C010100 1
007 C020100 PACE MONEY MARKET INVESTMENTS
007 C030100 N
007 C010200 2
007 C020200 PACE GOVERNMENT SECURITIES FIXED INCOME INV.
007 C030200 N
007 C010300 3
007 C020300 PACE INTERMEDIATE FIXED INCOME INVESTMENTS
007 C030300 N
007 C010400 4
007 C020400 PACE STRATEGIC FIXED INCOME INVESTMENTS
007 C030400 N
007 C010500 5
007 C020500 PACE MUNICIPAL FIXED INCOME INVESTMENTS
007 C030500 N
007 C010600 6
007 C020600 PACE GLOBAL FIXED INCOME INVESTMENTS
007 C030600 N
007 C010700 7
007 C020700 PACE LARGE COMPANY VALUE EQUITY INVESTMENTS
007 C030700 N
007 C010800 8
007 C020800 PACE LARGE COMPANY GROWTH EQUITY INVESTMENTS
007 C030800 N
007 C010900 9
007 C020900 PACE SMALL/MEDIUM COMPANY VALUE EQUITY INV.
007 C030900 N
007 C011000 10
007 C021000 PACE SMALL/MEDIUM COMPANY GROWTH EQUITY INV.
<PAGE> PAGE 2
007 C031000 N
007 C011100 11
007 C021100 PACE INTERNATIONAL EQUITY INVESTMENTS
007 C031100 N
007 C011200 12
007 C021200 PACE INTERNATIONAL EMERGING MARKETS EQUITY IN
007 C031200 N
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
010 B00AA01 801-13219
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10019
011 A00AA01 PAINEWEBBER INC.
011 B00AA01 8-16267
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10019
012 A00AA01 PFPC, INC.
012 B00AA01 84-00000
012 C01AA01 WILMINGTON
012 C02AA01 DE
012 C03AA01 19809
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
014 A00AA01 PAINEWEBBER INC.
014 B00AA01 8-16267
015 A00AA01 STATE STREET BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02171
015 E01AA01 X
015 A00AA02 CITIBANK NA
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
015 A00AA03 WESTPAC CUSTODIAN NOMINEES
015 B00AA03 S
015 C01AA03 SYDNEY
015 D01AA03 AUSTRALIA
<PAGE> PAGE 3
015 E04AA03 X
015 A00AA04 GIROCREDIT BANK
015 B00AA04 S
015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
015 E04AA04 X
015 A00AA05 STANDARD CHARTERED
015 B00AA05 S
015 C01AA05 DHAKA
015 D01AA05 BANGLADESH
015 E04AA05 X
015 A00AA06 GENERALE DE BANQUE
015 B00AA06 S
015 C01AA06 BRUSSELS
015 D01AA06 BELGIUM
015 E04AA06 X
015 A00AA07 EUROCLEAR LONDON
015 B00AA07 S
015 C01AA07 BRUSSELS
015 D01AA07 BELGIUM
015 E04AA07 X
015 A00AA08 CEDEL BANK
015 B00AA08 S
015 C01AA08 BRUSSELS
015 D01AA08 BELGIUM
015 E04AA08 X
015 A00AA09 BARCLAYS BANK OF BOTSWANA
015 B00AA09 S
015 C01AA09 GABORONE
015 D01AA09 BOTSWANA
015 E04AA09 X
015 A00AA10 CITIBANK NA
015 B00AA10 S
015 C01AA10 SAO PAULO
015 D01AA10 BRAZIL
015 E04AA10 X
015 A00AA11 CANADA TRUST CO
015 B00AA11 S
015 C01AA11 TORONTO
015 D01AA11 CANADA
015 E04AA11 X
015 A00AA12 CITIBANK NA
015 B00AA12 S
015 C01AA12 SANTIAGO
015 D01AA12 CHILE
015 E04AA12 X
015 A00AA13 HONG KONG & SHANGHAI BANK
015 B00AA13 S
015 C01AA13 SHANGHAI
015 D01AA13 CHINA
015 E04AA13 X
<PAGE> PAGE 4
015 A00AA14 HONG KONG & SHANGHAI BANK
015 B00AA14 S
015 C01AA14 SHENZHEN
015 D01AA14 CHINA
015 E04AA14 X
015 A00AA15 CITITRUST SA
015 B00AA15 S
015 C01AA15 BOGOTA
015 D01AA15 COLOMBIA
015 E04AA15 X
015 A00AA16 BARCLAYS BANK PLC
015 B00AA16 S
015 C01AA16 NICOSIA
015 D01AA16 CYPRUS
015 E04AA16 X
015 A00AA17 CEKOSLOVENSKA OBCHODNI BANKA
015 B00AA17 S
015 C01AA17 PRAGUE
015 D01AA17 CZECH REPUBLIC
015 E04AA17 X
015 A00AA18 DEN DANSKE
015 B00AA18 S
015 C01AA18 COPENHAGEN
015 D01AA18 DENMARK
015 E04AA18 X
015 A00AA19 CITIBANK NA
015 B00AA19 S
015 C01AA19 QUITO
015 D01AA19 ECUADOR
015 E04AA19 X
015 A00AA20 NATIONAL BANK OF EGYPT
015 B00AA20 S
015 C01AA20 CAIRO
015 D01AA20 EGYPT
015 E04AA20 X
015 A00AA21 MERITA BANK
015 B00AA21 S
015 C01AA21 HELSINKI
015 D01AA21 FINLAND
015 E04AA21 X
015 A00AA22 BANQUE PARIBAS
015 B00AA22 S
015 C01AA22 PARIS
015 D01AA22 FRANCE
015 E04AA22 X
015 A00AA23 DRESDNER BANK
015 B00AA23 S
015 C01AA23 FRANKFURT
015 D01AA23 GERMANY
015 E04AA23 X
015 A00AA24 BARCLAYS BANK OF GHANA LTD
<PAGE> PAGE 5
015 B00AA24 S
015 C01AA24 ACCRA
015 D01AA24 GHANA
015 E04AA24 X
015 A00AA25 NATIONAL BANK OF GREECE
015 B00AA25 S
015 C01AA25 ATHENS
015 D01AA25 GREECE
015 E04AA25 X
015 A00AA26 STANDARD CHARTERED
015 B00AA26 S
015 C01AA26 HONG KONG
015 D01AA26 HONG KONG
015 E04AA26 X
015 A00AA27 CITIBANK BUDAPEST
015 B00AA27 S
015 C01AA27 BUDAPEST
015 D01AA27 HUNGARY
015 E04AA27 X
015 A00AA28 HONG KONG & SHANGHAI BANKING CORP
015 B00AA28 S
015 C01AA28 MUMBAI
015 D01AA28 INDIA
015 E04AA28 X
015 A00AA29 DEUTSCHE BANK
015 B00AA29 S
015 C01AA29 MUMBAI
015 D01AA29 INDIA
015 E04AA29 X
015 A00AA30 STANDARD CHARTERED BANK
015 B00AA30 S
015 C01AA30 MUMBAI
015 D01AA30 INDONESIA
015 E04AA30 X
015 A00AA31 STANDARD CHARTERED
015 B00AA31 S
015 C01AA31 JAKARTA
015 D01AA31 INDONESIA
015 E04AA31 X
015 A00AA32 BANK OF IRELAND
015 B00AA32 S
015 C01AA32 DUBLIN
015 D01AA32 IRELAND
015 E04AA32 X
015 A00AA33 BANK HAPOALIM BM
015 B00AA33 S
015 C01AA33 TEL AVIV
015 D01AA33 ISRAEL
015 E04AA33 X
015 A00AA34 MORGAN GUARANTY TRUST COMPANY
015 B00AA34 S
<PAGE> PAGE 6
015 C01AA34 MONTE TITOLI
015 D01AA34 ITALY
015 E04AA34 X
015 A00AA35 SOCIETE GENERALE DE BANQUES EN COTE D IVOIRE
015 B00AA35 S
015 C01AA35 IVORY
015 D01AA35 IVORY COAST
015 E04AA35 X
015 A00AA36 SUMITOMO TRUST & BANKING CO. LTD
015 B00AA36 S
015 C01AA36 TOKYO
015 D01AA36 JAPAN
015 E04AA36 X
015 A00AA37 FUJI BANK
015 B00AA37 S
015 C01AA37 TOKYO
015 D01AA37 JAPAN
015 E04AA37 X
015 A00AA38 DAIWA BANK
015 B00AA38 S
015 C01AA38 TOKYO
015 D01AA38 JAPAN
015 E04AA38 X
015 A00AA39 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA39 S
015 C01AA39 AMMAN
015 D01AA39 JORDAN
015 E04AA39 X
015 A00AA40 BARCLAYS BANK OF KENYA LTD
015 B00AA40 S
015 C01AA40 NAIROBI
015 D01AA40 KENYA
015 E04AA40 X
015 A00AA41 SEOUL BANK
015 B00AA41 S
015 C01AA41 SEOUL
015 D01AA41 KOREA
015 E04AA41 X
015 A00AA42 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA42 S
015 C01AA42 BEIRUT
015 D01AA42 LEBANON
015 E04AA42 X
015 A00AA43 STANDARD CHARTERED BANK
015 B00AA43 S
015 C01AA43 KUALA LUMPUR
015 D01AA43 MALAYSIA
015 E04AA43 X
015 A00AA44 CITIBANK MEXICO SA
015 B00AA44 S
015 C01AA44 MEXICO CITY
<PAGE> PAGE 7
015 D01AA44 MEXICO
015 E04AA44 X
015 A00AA45 BANQUE COMMERCIALE DU MAROC
015 B00AA45 S
015 C01AA45 CASABLANCA
015 D01AA45 MOROCCO
015 E04AA45 X
015 A00AA46 HONG KONG & SHANGHAI BANKING CORP
015 B00AA46 S
015 C01AA46 PORT LOUIS
015 D01AA46 MAURITIUS
015 E04AA46 X
015 A00AA47 MEESPIERSON NV
015 B00AA47 S
015 C01AA47 AMSTERDAM
015 D01AA47 NETHERLANDS
015 E04AA47 X
015 A00AA48 ANZ (NZ)
015 B00AA48 S
015 C01AA48 WELLINGTON
015 D01AA48 NEW ZEALAND
015 E04AA48 X
015 A00AA49 CHRISTIANA
015 B00AA49 S
015 C01AA49 OSLO
015 D01AA49 NORWAY
015 E04AA49 X
015 A00AA50 DEUTSCHE BANK AG
015 B00AA50 S
015 C01AA50 KARACHI
015 D01AA50 PAKISTAN
015 E04AA50 X
015 A00AA51 CITIBANK NA
015 B00AA51 S
015 C01AA51 LIMA
015 D01AA51 PERU
015 E04AA51 X
015 A00AA52 STANDARD CHARTERED
015 B00AA52 S
015 C01AA52 MANILA
015 D01AA52 PHILLIPINES
015 E04AA52 X
015 A00AA53 CITIBANK POLAND SA
015 B00AA53 S
015 C01AA53 WARSAW
015 D01AA53 POLAND
015 E04AA53 X
015 A00AA54 BANCO COMMERCIALE PORTUGEUS
015 B00AA54 S
015 C01AA54 LISBON
015 D01AA54 PORTUGAL
<PAGE> PAGE 8
015 E04AA54 X
015 A00AA55 STANDARD BANK OF SOUTH AFRICA
015 B00AA55 S
015 C01AA55 JOHANNESBURG
015 D01AA55 SOUTH AFRICA
015 E04AA55 X
015 A00AA56 THE DEVELOPMENT BANK OF SINGAPORE LTD
015 B00AA56 S
015 C01AA56 SINGAPORE
015 D01AA56 SINGAPORE
015 E04AA56 X
015 A00AA57 BANCO SANTANDER
015 B00AA57 S
015 C01AA57 MADRID
015 D01AA57 SPAIN
015 E04AA57 X
015 A00AA58 HONG KONG & SHANGHAI BANK
015 B00AA58 S
015 C01AA58 COLOMBO
015 D01AA58 SRI LANKA
015 E04AA58 X
015 A00AA59 BANK OF SWAZILAND
015 B00AA59 S
015 C01AA59 MBABANE
015 D01AA59 SWAZILAND
015 E04AA59 X
015 A00AA60 SKANDINAVISKA ENSKILDA
015 B00AA60 S
015 C01AA60 STOCKHOLM
015 D01AA60 SWEDEN
015 E04AA60 X
015 A00AA61 CESKOSLOVENSKA OBCHODNA BANK AS
015 B00AA61 S
015 C01AA61 BRATSLAVIA
015 D01AA61 SLOVAK REPUBLIC
015 E04AA61 X
015 A00AA62 UNION BANK OF SWITZERLAND
015 B00AA62 S
015 C01AA62 ZURICH
015 D01AA62 SWITZERLAND
015 E04AA62 X
015 A00AA63 CENTRAL TRUST OF CHINA
015 B00AA63 S
015 C01AA63 TAIPEI
015 D01AA63 TAIWAN
015 E04AA63 X
015 A00AA64 CREDIT SUISSE, ZURICH
015 B00AA64 S
015 C01AA64 MOSCOW
015 D01AA64 RUSSIA
015 E04AA64 X
<PAGE> PAGE 9
015 A00AA65 STANDARD CHARTERED BANK
015 B00AA65 S
015 C01AA65 BANGKOK
015 D01AA65 THAILAND
015 E04AA65 X
015 A00AA66 BARCLAYS BANK OF ZIMBABWE
015 B00AA66 S
015 C01AA66 ZIMBABWE
015 D01AA66 ZIMBABWE
015 E04AA66 X
015 A00AA67 CITIBANK
015 B00AA67 S
015 C01AA67 ISTANBUL
015 D01AA67 TURKEY
015 E04AA67 X
015 A00AA68 BARCLAYS BANK OF ZAMBIA LTD
015 B00AA68 S
015 C01AA68 WINDHEOK
015 D01AA68 ZAMBIA
015 E04AA68 X
015 A00AA69 STATE STREET BANK
015 B00AA69 S
015 C01AA69 LONDON
015 D01AA69 UNITED KINGDOM
015 E04AA69 X
015 A00AA70 CITIBANK NA
015 B00AA70 S
015 C01AA70 URUAGUAY
015 D01AA70 URUGUAY
015 E04AA70 X
015 A00AA71 CITIBANK NA
015 B00AA71 S
015 C01AA71 CARACAS
015 D01AA71 VENEZUELA
015 E04AA71 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 73
019 C00AA00 PAINEWEBBR
020 A000001 MERRILL LYNCH PIERCE FENNER SMITH
020 B000001 13-5674085
020 C000001 149
020 A000002 INSTINET CO.
020 B000002 13-3443395
020 C000002 136
020 A000003 JEFFERIES & CO.
020 B000003 95-2622900
020 C000003 97
020 A000004 MORGAN STANLEY, DEAN WITTER &CO., INC.
020 B000004 13-2655998
020 C000004 56
<PAGE> PAGE 10
020 A000005 WILLIAM CAPITAL GROUP
020 B000005 00-0000000
020 C000005 51
020 A000006 CANTOR FITZGERALD
020 B000006 00-0000000
020 C000006 43
020 A000007 JONES & ASSOCIATES, INC.
020 B000007 00-0000000
020 C000007 31
020 A000008 SCOTT JANNEY MONTGOMER
020 B000008 00-0000000
020 C000008 30
020 A000009 CS FIRST BOSTON CORP.
020 B000009 13-5659485
020 C000009 28
020 A000010 LEHMAN BROTHERS
020 B000010 00-0000000
020 C000010 27
021 000000 1295
022 A000001 STATE STREET BANK & TRUST CO.
022 B000001 04-1867445
022 C000001 8045781
022 D000001 749141
022 A000002 SOCIETE GENERALE
022 B000002 13-2932996
022 C000002 711413
022 D000002 0
022 A000003 LEHMAN BROTHERS
022 B000003 00-0000000
022 C000003 182238
022 D000003 242809
022 A000004 MORGAN STANLEY, DEAN WITTER & CO., INC.
022 B000004 13-2655998
022 C000004 221033
022 D000004 89296
022 A000005 BEAR STEARNS
022 B000005 13-3299429
022 C000005 141538
022 D000005 106368
022 A000006 GOLDMAN SACHS & CO.
022 B000006 13-5108880
022 C000006 164791
022 D000006 43398
022 A000007 UBS SECURITIES
022 B000007 13-2932996
022 C000007 185810
022 D000007 1670
022 A000008 FIRST CHICAGO CAPITAL CORP.
022 B000008 36-3595942
022 C000008 175735
022 D000008 0
<PAGE> PAGE 11
022 A000009 CS FIRST BOSTON CORP.
022 B000009 13-5659485
022 C000009 94355
022 D000009 47036
022 A000010 NOMURA SECURITIES
022 B000010 13-5108880
022 C000010 84236
022 D000010 54709
023 C000000 11195728
023 D000000 1710491
024 00AA00 N
026 A000000 N
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
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 Y
040 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
<PAGE> PAGE 12
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 Y
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 25000
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 Y
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 Y
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 B00AA00 .
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
<PAGE> PAGE 13
085 B00AA00 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
008 A000101 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000101 A
008 C000101 801-13219
008 D010101 NEW YORK
008 D020101 NY
008 D030101 10019
028 A010100 1481
028 A020100 121
028 A030100 0
028 A040100 687
028 B010100 4078
028 B020100 106
028 B030100 0
028 B040100 2097
028 C010100 2999
028 C020100 116
028 C030100 0
028 C040100 3281
028 D010100 1622
028 D020100 119
028 D030100 0
028 D040100 1378
028 E010100 1356
028 E020100 107
028 E030100 0
028 E040100 1024
028 F010100 5863
028 F020100 60
028 F030100 0
028 F040100 3981
028 G010100 17399
028 G020100 629
028 G030100 0
028 G040100 12448
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
<PAGE> PAGE 14
048 000100 0.350
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
062 A000100 Y
062 B000100 0.0
062 C000100 19.6
062 D000100 0.0
062 E000100 0.0
062 F000100 0.7
062 G000100 9.3
062 H000100 2.3
062 I000100 59.3
062 J000100 0.0
062 K000100 0.0
062 L000100 10.1
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 77
063 B000100 0.0
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
<PAGE> PAGE 15
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 6
072 B000100 776
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 50
072 G000100 0
072 H000100 0
072 I000100 59
072 J000100 2
072 K000100 9
072 L000100 4
<PAGE> PAGE 16
072 M000100 13
072 N000100 7
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 10
072 S000100 7
072 T000100 0
072 U000100 10
072 V000100 0
072 W000100 2
072 X000100 173
072 Y000100 101
072 Z000100 704
072AA000100 0
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 704
072DD020100 0
072EE000100 0
073 A010100 0.0230
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 31479
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 7
074 L000100 441
074 M000100 96
074 N000100 32023
074 O000100 500
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 450
074 S000100 0
074 T000100 31073
074 U010100 31074
074 U020100 0
074 V010100 1.00
<PAGE> PAGE 17
074 V020100 0.00
074 W000100 0.9991
074 X000100 21235
074 Y000100 0
075 A000100 28629
075 B000100 0
076 000100 0.00
008 A000201 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000201 A
008 C000201 801-13219
008 D010201 NEW YORK
008 D020201 NY
008 D030201 10019
008 A000202 PACIFIC INVESTMENT MANAGEMENT COMPANY
008 B000202 S
008 C000202 801-00000
008 D010202 NEWPORT BEACH
008 D020202 CA
008 D030202 92660
028 A010200 6003
028 A020200 814
028 A030200 0
028 A040200 1957
028 B010200 5319
028 B020200 784
028 B030200 0
028 B040200 3294
028 C010200 6182
028 C020200 819
028 C030200 0
028 C040200 2277
028 D010200 5641
028 D020200 778
028 D030200 0
028 D040200 2075
028 E010200 5833
028 E020200 2387
028 E030200 0
028 E040200 3472
028 F010200 10328
028 F020200 0
028 F030200 0
028 F040200 8217
028 G010200 39306
028 G020200 5582
028 G030200 0
028 G040200 21292
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
<PAGE> PAGE 18
048 000200 0.700
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.1
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 9.6
062 J000200 0.0
062 K000200 0.0
062 L000200 -39.9
062 M000200 4.2
062 N000200 6.5
062 O000200 0.0
062 P000200 0.0
062 Q000200 119.5
062 R000200 0.0
063 A000200 0
063 B000200 3.0
064 A000200 N
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
<PAGE> PAGE 19
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 Y
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200 507038
071 B000200 487790
071 C000200 226294
071 D000200 216
072 A000200 6
072 B000200 5694
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 616
072 G000200 0
072 H000200 0
072 I000200 39
072 J000200 53
072 K000200 6
072 L000200 14
<PAGE> PAGE 20
072 M000200 13
072 N000200 15
072 O000200 0
072 P000200 41
072 Q000200 0
072 R000200 19
072 S000200 7
072 T000200 0
072 U000200 10
072 V000200 0
072 W000200 10
072 X000200 843
072 Y000200 54
072 Z000200 4905
072AA000200 479
072BB000200 0
072CC010200 431
072CC020200 0
072DD010200 5246
072DD020200 0
072EE000200 454
073 A010200 0.3801
073 A020200 0.0000
073 B000200 0.0317
073 C000200 0.0000
074 A000200 88
074 B000200 97
074 C000200 0
074 D000200 259938
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 71370
074 K000200 0
074 L000200 1585
074 M000200 55
074 N000200 333133
074 O000200 146519
074 P000200 109
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 676
074 S000200 0
074 T000200 185829
074 U010200 14748
074 U020200 0
074 V010200 12.60
<PAGE> PAGE 21
074 V020200 0.00
074 W000200 0.0000
074 X000200 14962
074 Y000200 75672
075 A000200 0
075 B000200 174494
076 000200 0.00
008 A000301 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000301 A
008 C000301 801-13219
008 D010301 NEW YORK
008 D020301 NY
008 D030301 10019
008 A000302 PACIFIC INCOME ADVISORS, INC.
008 B000302 S
008 C000302 801-00000
008 D010302 SANTA MONICA
008 D020302 CA
008 D030302 90401
028 A010300 436
028 A020300 3845
028 A030300 0
028 A040300 1548
028 B010300 5415
028 B020300 438
028 B030300 0
028 B040300 3035
028 C010300 4084
028 C020300 479
028 C030300 0
028 C040300 2348
028 D010300 4157
028 D020300 473
028 D030300 0
028 D040300 1407
028 E010300 4134
028 E020300 1690
028 E030300 0
028 E040300 2443
028 F010300 9058
028 F020300 0
028 F030300 0
028 F040300 2874
028 G010300 27284
028 G020300 6925
028 G030300 0
028 G040300 13655
028 H000300 0
029 000300 N
030 A000300 0
030 B000300 0.00
<PAGE> PAGE 22
030 C000300 0.00
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.600
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
062 A000300 Y
062 B000300 0.3
062 C000300 0.0
062 D000300 0.7
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 1.2
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 19.3
062 N000300 22.9
062 O000300 0.0
062 P000300 14.4
062 Q000300 43.2
062 R000300 0.0
063 A000300 0
063 B000300 8.2
064 A000300 N
064 B000300 N
066 A000300 N
067 000300 N
<PAGE> PAGE 23
068 A000300 N
068 B000300 N
069 000300 N
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 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 Y
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 86867
071 B000300 65701
071 C000300 107894
071 D000300 61
072 A000300 6
072 B000300 3342
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 332
072 G000300 0
072 H000300 0
<PAGE> PAGE 24
072 I000300 20
072 J000300 34
072 K000300 3
072 L000300 11
072 M000300 13
072 N000300 10
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 15
072 S000300 7
072 T000300 0
072 U000300 10
072 V000300 0
072 W000300 3
072 X000300 458
072 Y000300 0
072 Z000300 2884
072AA000300 747
072BB000300 0
072CC010300 812
072CC020300 0
072DD010300 2865
072DD020300 0
072EE000300 5
073 A010300 0.3299
073 A020300 0.0000
073 B000300 0.0803
073 C000300 0.0000
074 A000300 0
074 B000300 644
074 C000300 0
074 D000300 120031
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 21423
074 J000300 3143
074 K000300 0
074 L000300 1766
074 M000300 70
074 N000300 147077
074 O000300 3703
074 P000300 66
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 22212
074 S000300 0
<PAGE> PAGE 25
074 T000300 121096
074 U010300 9720
074 U020300 0
074 V010300 12.46
074 V020300 0.00
074 W000300 0.0000
074 X000300 7701
074 Y000300 49219
075 A000300 0
075 B000300 109827
076 000300 0.00
008 A000401 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000401 A
008 C000401 801-13219
008 D010401 NEW YORK
008 D020401 NY
008 D030401 10019
008 A000402 PACIFIC INVESTMENT MANAGEMENT COMPANY
008 B000402 S
008 C000402 801-00000
008 D010402 NEWPORT BEACH
008 D020402 CA
008 D030402 92660
028 A010400 5791
028 A020400 576
028 A030400 0
028 A040400 1267
028 B010400 29486
028 B020400 589
028 B030400 0
028 B040400 4659
028 C010400 4708
028 C020400 692
028 C030400 0
028 C040400 2249
028 D010400 4519
028 D020400 649
028 D030400 0
028 D040400 2246
028 E010400 4457
028 E020400 5673
028 E030400 0
028 E040400 2510
028 F010400 15403
028 F020400 0
028 F030400 0
028 F040400 4670
028 G010400 64364
028 G020400 8179
028 G030400 0
028 G040400 17601
<PAGE> PAGE 26
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.700
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
062 A000400 Y
062 B000400 3.8
062 C000400 0.0
062 D000400 3.8
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 0.5
062 L000400 -17.2
062 M000400 17.4
062 N000400 36.6
062 O000400 0.0
062 P000400 22.2
062 Q000400 34.7
062 R000400 2.3
063 A000400 0
063 B000400 19.3
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
<PAGE> PAGE 27
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 Y
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 Y
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 Y
070 H010400 Y
070 H020400 Y
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 Y
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400 231754
071 B000400 197238
071 C000400 164109
071 D000400 120
072 A000400 6
072 B000400 4933
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 548
072 G000400 0
072 H000400 0
<PAGE> PAGE 28
072 I000400 39
072 J000400 47
072 K000400 3
072 L000400 7
072 M000400 13
072 N000400 15
072 O000400 0
072 P000400 59
072 Q000400 0
072 R000400 13
072 S000400 4
072 T000400 0
072 U000400 10
072 V000400 0
072 W000400 1
072 X000400 759
072 Y000400 35
072 Z000400 4209
072AA000400 2314
072BB000400 0
072CC010400 0
072CC020400 523
072DD010400 4128
072DD020400 0
072EE000400 4179
073 A010400 0.3600
073 A020400 0.0000
073 B000400 0.3400
073 C000400 0.0000
074 A000400 122
074 B000400 1229
074 C000400 2679
074 D000400 179122
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 1874
074 K000400 0
074 L000400 2495
074 M000400 47
074 N000400 187568
074 O000400 7637
074 P000400 97
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 319
074 S000400 0
<PAGE> PAGE 29
074 T000400 179515
074 U010400 13626
074 U020400 0
074 V010400 13.17
074 V020400 0.00
074 W000400 0.0000
074 X000400 14714
074 Y000400 125888
075 A000400 0
075 B000400 155316
076 000400 0.00
008 A000501 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000501 A
008 C000501 801-13219
008 D010501 NEW YORK
008 D020501 NY
008 D030501 10019
008 A000502 MORGAN GRENFELL CAPITAL MANAGEMENT, INC.
008 B000502 S
008 C000502 801-00000
008 D010502 PHILADELPHIA
008 D020502 PA
008 D030502 19102
028 A010500 1899
028 A020500 181
028 A030500 0
028 A040500 501
028 B010500 1213
028 B020500 196
028 B030500 0
028 B040500 1027
028 C010500 1238
028 C020500 196
028 C030500 0
028 C040500 714
028 D010500 1180
028 D020500 193
028 D030500 0
028 D040500 513
028 E010500 1431
028 E020500 409
028 E030500 0
028 E040500 796
028 F010500 3560
028 F020500 0
028 F030500 0
028 F040500 3783
028 G010500 10521
028 G020500 1175
028 G030500 0
028 G040500 7334
<PAGE> PAGE 30
028 H000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.600
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.7
062 E000500 2.6
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 98.4
062 P000500 0.0
062 Q000500 1.7
062 R000500 0.0
063 A000500 0
063 B000500 13.9
064 A000500 N
064 B000500 N
066 A000500 N
067 000500 N
<PAGE> PAGE 31
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 Y
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500 7702
071 B000500 3056
071 C000500 53890
071 D000500 6
072 A000500 6
072 B000500 1455
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 175
072 G000500 0
072 H000500 0
<PAGE> PAGE 32
072 I000500 12
072 J000500 16
072 K000500 1
072 L000500 4
072 M000500 13
072 N000500 2
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 8
072 S000500 1
072 T000500 0
072 U000500 10
072 V000500 0
072 W000500 2
072 X000500 244
072 Y000500 9
072 Z000500 1220
072AA000500 0
072BB000500 47
072CC010500 819
072CC020500 0
072DD010500 1215
072DD020500 0
072EE000500 0
073 A010500 0.2800
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 0
074 C000500 1459
074 D000500 56234
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 982
074 M000500 47
074 N000500 58722
074 O000500 928
074 P000500 28
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 989
074 S000500 0
<PAGE> PAGE 33
074 T000500 56777
074 U010500 4407
074 U020500 0
074 V010500 12.88
074 V020500 0.00
074 W000500 0.0000
074 X000500 3105
074 Y000500 0
075 A000500 0
075 B000500 54899
076 000500 0.00
008 A000601 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000601 A
008 C000601 801-13219
008 D010601 NEW YORK
008 D020601 NY
008 D030601 10019
008 A000602 ROGGE GLOBAL PARTNERS PLC
008 B000602 S
008 C000602 801-00000
008 D010602 LONDON
008 D050602 ENGLAND
008 D060602 EC4V 5BY
028 A010600 2739
028 A020600 289
028 A030600 0
028 A040600 1024
028 B010600 3603
028 B020600 292
028 B030600 0
028 B040600 3193
028 C010600 2785
028 C020600 296
028 C030600 0
028 C040600 1544
028 D010600 2315
028 D020600 300
028 D030600 0
028 D040600 1170
028 E010600 2709
028 E020600 6694
028 E030600 0
028 E040600 1900
028 F010600 4279
028 F020600 0
028 F030600 0
028 F040600 4789
028 G010600 18430
028 G020600 7871
028 G030600 0
028 G040600 13620
<PAGE> PAGE 34
028 H000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.800
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
062 D000600 2.9
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 17.1
062 M000600 23.1
062 N000600 3.4
062 O000600 0.0
062 P000600 3.4
062 Q000600 53.0
062 R000600 0.0
063 A000600 0
063 B000600 8.6
064 A000600 N
064 B000600 N
066 A000600 N
067 000600 N
<PAGE> PAGE 35
068 A000600 N
068 B000600 Y
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 Y
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 Y
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 Y
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 120367
071 B000600 111646
071 C000600 91365
071 D000600 122
072 A000600 6
072 B000600 2725
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 405
072 G000600 0
072 H000600 0
<PAGE> PAGE 36
072 I000600 46
072 J000600 76
072 K000600 2
072 L000600 5
072 M000600 13
072 N000600 9
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 11
072 S000600 2
072 T000600 0
072 U000600 10
072 V000600 0
072 W000600 4
072 X000600 583
072 Y000600 103
072 Z000600 2245
072AA000600 8894
072BB000600 0
072CC010600 1919
072CC020600 0
072DD010600 4374
072DD020600 0
072EE000600 3640
073 A010600 0.5724
073 A020600 0.0000
073 B000600 0.4723
073 C000600 0.0000
074 A000600 726
074 B000600 3112
074 C000600 13687
074 D000600 86567
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 1711
074 K000600 0
074 L000600 2277
074 M000600 11651
074 N000600 119731
074 O000600 1005
074 P000600 77
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 12088
074 S000600 0
<PAGE> PAGE 37
074 T000600 106561
074 U010600 8235
074 U020600 0
074 V010600 12.94
074 V020600 0.00
074 W000600 0.0000
074 X000600 17021
074 Y000600 98560
075 A000600 0
075 B000600 100303
076 000600 0.00
008 A000701 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000701 A
008 C000701 801-13219
008 D010701 NEW YORK
008 D020701 NY
008 D030701 10019
008 A000702 BRINSON PARTNERS, INC.
008 B000702 S
008 C000702 801-00000
008 D010702 CHICAGO
008 D020702 IL
008 D030702 60604
028 A010700 10109
028 A020700 0
028 A030700 0
028 A040700 3365
028 B010700 20920
028 B020700 0
028 B030700 0
028 B040700 6096
028 C010700 7993
028 C020700 0
028 C030700 0
028 C040700 5566
028 D010700 7875
028 D020700 0
028 D030700 0
028 D040700 3356
028 E010700 9390
028 E020700 23343
028 E030700 0
028 E040700 4466
028 F010700 19820
028 F020700 0
028 F030700 0
028 F040700 12423
028 G010700 76107
028 G020700 23343
028 G030700 0
028 G040700 35272
<PAGE> PAGE 38
028 H000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.800
048 A010700 0
048 A020700 0.000
048 B010700 0
048 B020700 0.000
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 0
048 K020700 0.000
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
063 B000700 0.0
066 A000700 Y
066 B000700 N
066 C000700 Y
066 D000700 N
<PAGE> PAGE 39
066 E000700 N
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 Y
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 Y
070 Q020700 N
070 R010700 Y
070 R020700 N
071 A000700 90934
071 B000700 44513
071 C000700 279545
071 D000700 16
072 A000700 6
072 B000700 205
072 C000700 2248
072 D000700 0
<PAGE> PAGE 40
072 E000700 0
072 F000700 1149
072 G000700 0
072 H000700 0
072 I000700 57
072 J000700 86
072 K000700 10
072 L000700 16
072 M000700 13
072 N000700 26
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 21
072 S000700 3
072 T000700 0
072 U000700 10
072 V000700 0
072 W000700 6
072 X000700 1397
072 Y000700 0
072 Z000700 1056
072AA000700 10594
072BB000700 0
072CC010700 8218
072CC020700 0
072DD010700 2068
072DD020700 0
072EE000700 21559
073 A010700 0.1400
073 A020700 0.0000
073 B000700 1.4600
073 C000700 0.0000
074 A000700 0
074 B000700 2735
074 C000700 823
074 D000700 0
074 E000700 0
074 F000700 323391
074 G000700 0
074 H000700 0
074 I000700 22365
074 J000700 520
074 K000700 0
074 L000700 1227
074 M000700 54
074 N000700 351115
074 O000700 746
074 P000700 221
074 Q000700 0
074 R010700 0
<PAGE> PAGE 41
074 R020700 0
074 R030700 0
074 R040700 23375
074 S000700 0
074 T000700 326773
074 U010700 16436
074 U020700 0
074 V010700 19.88
074 V020700 0.00
074 W000700 0.0000
074 X000700 24030
074 Y000700 0
075 A000700 0
075 B000700 284984
076 000700 0.00
008 A000801 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000801 A
008 C000801 801-13219
008 D010801 NEW YORK
008 D020801 NY
008 D030801 10019
008 A000802 ALLIANCE CAPITAL MANAGEMENT L.P.
008 B000802 S
008 C000802 801-00000
008 D010802 NEW YORK
008 D020802 NY
008 D030802 10036
028 A010800 10331
028 A020800 0
028 A030800 0
028 A040800 3634
028 B010800 14959
028 B020800 0
028 B030800 0
028 B040800 7093
028 C010800 7271
028 C020800 0
028 C030800 0
028 C040800 5201
028 D010800 7525
028 D020800 0
028 D030800 0
028 D040800 3370
028 E010800 8878
028 E020800 19384
028 E030800 0
028 E040800 4718
028 F010800 14476
028 F020800 0
028 F030800 0
028 F040800 20452
<PAGE> PAGE 42
028 G010800 63440
028 G020800 19384
028 G030800 0
028 G040800 44468
028 H000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.800
048 A010800 0
048 A020800 0.000
048 B010800 0
048 B020800 0.000
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 0
048 K020800 0.000
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 0
063 B000800 0.0
<PAGE> PAGE 43
066 A000800 Y
066 B000800 N
066 C000800 Y
066 D000800 N
066 E000800 N
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 Y
070 B010800 N
070 B020800 N
070 C010800 N
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 Y
070 L010800 Y
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 Y
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 Y
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800 83256
071 B000800 66238
071 C000800 282353
071 D000800 23
<PAGE> PAGE 44
072 A000800 6
072 B000800 120
072 C000800 1039
072 D000800 0
072 E000800 0
072 F000800 1134
072 G000800 0
072 H000800 0
072 I000800 57
072 J000800 84
072 K000800 8
072 L000800 25
072 M000800 13
072 N000800 22
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 23
072 S000800 11
072 T000800 0
072 U000800 10
072 V000800 0
072 W000800 10
072 X000800 1397
072 Y000800 3
072 Z000800 -235
072AA000800 1581
072BB000800 0
072CC010800 56027
072CC020800 0
072DD010800 0
072DD020800 0
072EE000800 19612
073 A010800 0.0000
073 A020800 0.0000
073 B000800 1.5000
073 C000800 0.0000
074 A000800 0
074 B000800 4309
074 C000800 0
074 D000800 0
074 E000800 0
074 F000800 347459
074 G000800 0
074 H000800 0
074 I000800 8637
074 J000800 337
074 K000800 0
074 L000800 1252
074 M000800 94
074 N000800 362088
<PAGE> PAGE 45
074 O000800 691
074 P000800 228
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 9590
074 S000800 0
074 T000800 351579
074 U010800 13726
074 U020800 0
074 V010800 25.61
074 V020800 0.00
074 W000800 0.0000
074 X000800 24007
074 Y000800 0
075 A000800 0
075 B000800 281106
076 000800 0.00
008 A000901 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000901 A
008 C000901 801-13219
008 D010901 NEW YORK
008 D020901 NY
008 D030901 10019
008 A000902 BRANDYWINE ASSET MANAGEMENT, INC.
008 B000902 S
008 C000902 801-27797
008 D010902 WILMINGTON
008 D020902 DE
008 D030902 19801
028 A010900 6646
028 A020900 0
028 A030900 0
028 A040900 2551
028 B010900 9920
028 B020900 0
028 B030900 0
028 B040900 4535
028 C010900 3918
028 C020900 0
028 C030900 0
028 C040900 3713
028 D010900 4816
028 D020900 0
028 D030900 0
028 D040900 2457
028 E010900 5607
028 E020900 18526
028 E030900 0
028 E040900 3503
<PAGE> PAGE 46
028 F010900 11825
028 F020900 0
028 F030900 0
028 F040900 9323
028 G010900 42732
028 G020900 18526
028 G030900 0
028 G040900 26082
028 H000900 0
045 000900 Y
046 000900 N
047 000900 Y
048 000900 0.800
048 A010900 0
048 A020900 0.000
048 B010900 0
048 B020900 0.000
048 C010900 0
048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 0
048 K020900 0.000
062 A000900 N
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
<PAGE> PAGE 47
062 Q000900 0.0
062 R000900 0.0
063 A000900 0
063 B000900 0.0
066 A000900 Y
066 B000900 N
066 C000900 Y
066 D000900 N
066 E000900 N
066 F000900 N
066 G000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 N
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 N
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 Y
070 N020900 Y
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 Y
070 Q020900 N
070 R010900 Y
070 R020900 N
<PAGE> PAGE 48
071 A000900 66529
071 B000900 49858
071 C000900 170925
071 D000900 29
072 A000900 6
072 B000900 150
072 C000900 1150
072 D000900 0
072 E000900 0
072 F000900 704
072 G000900 0
072 H000900 0
072 I000900 55
072 J000900 54
072 K000900 5
072 L000900 13
072 M000900 13
072 N000900 13
072 O000900 0
072 P000900 0
072 Q000900 0
072 R000900 18
072 S000900 4
072 T000900 0
072 U000900 10
072 V000900 0
072 W000900 4
072 X000900 893
072 Y000900 13
072 Z000900 420
072AA000900 2477
072BB000900 0
072CC010900 0
072CC020900 14974
072DD010900 1011
072DD020900 0
072EE000900 17717
073 A010900 0.0900
073 A020900 0.0000
073 B000900 1.5500
073 C000900 0.0000
074 A000900 0
074 B000900 9177
074 C000900 0
074 D000900 0
074 E000900 0
074 F000900 179031
074 G000900 0
074 H000900 0
074 I000900 4784
074 J000900 24
<PAGE> PAGE 49
074 K000900 0
074 L000900 584
074 M000900 64
074 N000900 193664
074 O000900 0
074 P000900 130
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 5605
074 S000900 0
074 T000900 187929
074 U010900 12932
074 U020900 0
074 V010900 14.53
074 V020900 0.00
074 W000900 0.0000
074 X000900 23065
074 Y000900 0
075 A000900 0
075 B000900 174628
076 000900 0.00
008 A001001 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B001001 A
008 C001001 801-13219
008 D011001 NEW YORK
008 D021001 NY
008 D031001 10019
008 A001002 DELAWARE MANAGEMENT INCORPORATED
008 B001002 S
008 C001002 801-32108
008 D011002 PHILADELPHIA
008 D021002 PA
008 D031002 19103
028 A011000 6934
028 A021000 0
028 A031000 0
028 A041000 2705
028 B011000 8446
028 B021000 0
028 B031000 0
028 B041000 4587
028 C011000 4052
028 C021000 0
028 C031000 0
028 C041000 3611
028 D011000 5149
028 D021000 0
028 D031000 0
028 D041000 2671
<PAGE> PAGE 50
028 E011000 5823
028 E021000 5060
028 E031000 0
028 E041000 3664
028 F011000 6454
028 F021000 0
028 F031000 0
028 F041000 16246
028 G011000 36858
028 G021000 5060
028 G031000 0
028 G041000 33484
028 H001000 0
045 001000 Y
046 001000 N
047 001000 Y
048 001000 0.800
048 A011000 0
048 A021000 0.000
048 B011000 0
048 B021000 0.000
048 C011000 0
048 C021000 0.000
048 D011000 0
048 D021000 0.000
048 E011000 0
048 E021000 0.000
048 F011000 0
048 F021000 0.000
048 G011000 0
048 G021000 0.000
048 H011000 0
048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 0
048 K021000 0.000
062 A001000 N
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
<PAGE> PAGE 51
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
063 A001000 0
063 B001000 0.0
066 A001000 Y
066 B001000 N
066 C001000 Y
066 D001000 N
066 E001000 N
066 F001000 N
066 G001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 Y
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 Y
070 K011000 Y
070 K021000 Y
070 L011000 Y
070 L021000 Y
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
<PAGE> PAGE 52
070 Q011000 Y
070 Q021000 N
070 R011000 Y
070 R021000 N
071 A001000 95586
071 B001000 90973
071 C001000 185888
071 D001000 49
072 A001000 6
072 B001000 349
072 C001000 230
072 D001000 0
072 E001000 0
072 F001000 795
072 G001000 0
072 H001000 0
072 I001000 55
072 J001000 59
072 K001000 8
072 L001000 11
072 M001000 13
072 N001000 13
072 O001000 0
072 P001000 0
072 Q001000 0
072 R001000 12
072 S001000 12
072 T001000 0
072 U001000 9
072 V001000 0
072 W001000 3
072 X001000 990
072 Y001000 11
072 Z001000 -399
072AA001000 8733
072BB001000 7202
072CC011000 32117
072CC021000 0
072DD011000 0
072DD021000 0
072EE001000 5126
073 A011000 0.0000
073 A021000 0.0000
073 B001000 0.3800
073 C001000 0.0000
074 A001000 1
074 B001000 13649
074 C001000 14050
074 D001000 0
074 E001000 0
074 F001000 214599
<PAGE> PAGE 53
074 G001000 0
074 H001000 0
074 I001000 0
074 J001000 2083
074 K001000 0
074 L001000 585
074 M001000 69
074 N001000 245036
074 O001000 3346
074 P001000 151
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 14859
074 S001000 0
074 T001000 226680
074 U011000 13195
074 U021000 0
074 V011000 17.18
074 V021000 0.00
074 W001000 0.0000
074 X001000 22879
074 Y001000 13921
075 A001000 0
075 B001000 194166
076 001000 0.00
008 A001101 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B001101 A
008 C001101 801-13219
008 D011101 NEW YORK
008 D021101 NY
008 D031101 10019
008 A001102 MARTIN CURRIE INC.
008 B001102 S
008 C001102 801-00000
008 D011102 EDINBURGH
008 D051102 SCOTLAND
008 D061102 EH12ES
028 A011100 5648
028 A021100 0
028 A031100 0
028 A041100 1713
028 B011100 8873
028 B021100 0
028 B031100 0
028 B041100 4014
028 C011100 3449
028 C021100 0
028 C031100 0
028 C041100 3314
<PAGE> PAGE 54
028 D011100 3965
028 D021100 0
028 D031100 0
028 D041100 2194
028 E011100 4447
028 E021100 5600
028 E031100 0
028 E041100 3312
028 F011100 13023
028 F021100 0
028 F031100 0
028 F041100 5255
028 G011100 39405
028 G021100 5600
028 G031100 0
028 G041100 19802
028 H001100 0
045 001100 Y
046 001100 N
047 001100 Y
048 001100 0.900
048 A011100 0
048 A021100 0.000
048 B011100 0
048 B021100 0.000
048 C011100 0
048 C021100 0.000
048 D011100 0
048 D021100 0.000
048 E011100 0
048 E021100 0.000
048 F011100 0
048 F021100 0.000
048 G011100 0
048 G021100 0.000
048 H011100 0
048 H021100 0.000
048 I011100 0
048 I021100 0.000
048 J011100 0
048 J021100 0.000
048 K011100 0
048 K021100 0.000
062 A001100 N
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
<PAGE> PAGE 55
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
063 A001100 0
063 B001100 0.0
066 A001100 Y
066 B001100 N
066 C001100 Y
066 D001100 N
066 E001100 N
066 F001100 N
066 G001100 N
067 001100 N
068 A001100 N
068 B001100 Y
069 001100 N
070 A011100 Y
070 A021100 Y
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 Y
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 Y
070 N011100 Y
070 N021100 Y
<PAGE> PAGE 56
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 Y
070 Q021100 N
070 R011100 Y
070 R021100 N
071 A001100 71515
071 B001100 54407
071 C001100 155777
071 D001100 35
072 A001100 6
072 B001100 196
072 C001100 508
072 D001100 0
072 E001100 0
072 F001100 733
072 G001100 0
072 H001100 0
072 I001100 44
072 J001100 120
072 K001100 6
072 L001100 13
072 M001100 13
072 N001100 16
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 16
072 S001100 5
072 T001100 0
072 U001100 10
072 V001100 0
072 W001100 10
072 X001100 986
072 Y001100 0
072 Z001100 -282
072AA001100 0
072BB001100 2259
072CC011100 4768
072CC021100 0
072DD011100 1983
072DD021100 0
072EE001100 3678
073 A011100 0.1850
073 A021100 0.0000
073 B001100 0.3431
073 C001100 0.0000
074 A001100 1814
074 B001100 9653
<PAGE> PAGE 57
074 C001100 9772
074 D001100 0
074 E001100 2
074 F001100 177036
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 1534
074 K001100 0
074 L001100 856
074 M001100 348
074 N001100 201015
074 O001100 4287
074 P001100 142
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 10342
074 S001100 0
074 T001100 186244
074 U011100 11574
074 U021100 0
074 V011100 16.09
074 V021100 0.00
074 W001100 0.0000
074 X001100 21143
074 Y001100 9346
075 A001100 0
075 B001100 161466
076 001100 0.00
008 A001201 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B001201 A
008 C001201 801-13219
008 D011201 NEW YORK
008 D021201 NY
008 D031201 10019
008 A001202 SCHRODER CAPITAL MANAGEMENT INTERNATIONAL INC
008 B001202 S
008 C001202 801-00000
008 D011202 NEW YORK
008 D021202 NY
008 D031202 10019
028 A011200 2303
028 A021200 0
028 A031200 0
028 A041200 1197
028 B011200 4992
028 B021200 0
028 B031200 0
028 B041200 1968
<PAGE> PAGE 58
028 C011200 1387
028 C021200 0
028 C031200 0
028 C041200 1189
028 D011200 1654
028 D021200 0
028 D031200 0
028 D041200 1228
028 E011200 1839
028 E021200 462
028 E031200 0
028 E041200 1599
028 F011200 7837
028 F021200 0
028 F031200 0
028 F041200 3009
028 G011200 20013
028 G021200 462
028 G031200 0
028 G041200 10190
028 H001200 0
045 001200 Y
046 001200 N
047 001200 Y
048 001200 1.100
048 A011200 0
048 A021200 0.000
048 B011200 0
048 B021200 0.000
048 C011200 0
048 C021200 0.000
048 D011200 0
048 D021200 0.000
048 E011200 0
048 E021200 0.000
048 F011200 0
048 F021200 0.000
048 G011200 0
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 0
048 K021200 0.000
062 A001200 N
062 B001200 0.0
062 C001200 0.0
062 D001200 0.0
<PAGE> PAGE 59
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 0.0
062 N001200 0.0
062 O001200 0.0
062 P001200 0.0
062 Q001200 0.0
062 R001200 0.0
063 A001200 0
063 B001200 0.0
066 A001200 Y
066 B001200 N
066 C001200 Y
066 D001200 N
066 E001200 N
066 F001200 N
066 G001200 N
067 001200 N
068 A001200 N
068 B001200 Y
069 001200 N
070 A011200 Y
070 A021200 Y
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 Y
070 L011200 Y
070 L021200 Y
<PAGE> PAGE 60
070 M011200 Y
070 M021200 Y
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 Y
070 Q021200 N
070 R011200 Y
070 R021200 N
071 A001200 26178
071 B001200 14739
071 C001200 53951
071 D001200 27
072 A001200 6
072 B001200 96
072 C001200 590
072 D001200 0
072 E001200 0
072 F001200 315
072 G001200 0
072 H001200 0
072 I001200 47
072 J001200 89
072 K001200 7
072 L001200 6
072 M001200 13
072 N001200 12
072 O001200 0
072 P001200 0
072 Q001200 0
072 R001200 19
072 S001200 5
072 T001200 0
072 U001200 10
072 V001200 0
072 W001200 1
072 X001200 524
072 Y001200 95
072 Z001200 257
072AA001200 0
072BB001200 6907
072CC011200 0
072CC021200 597
072DD011200 468
072DD021200 0
072EE001200 0
073 A011200 0.0700
073 A021200 0.0000
<PAGE> PAGE 61
073 B001200 0.0000
073 C001200 0.0000
074 A001200 1087
074 B001200 3766
074 C001200 3636
074 D001200 0
074 E001200 3675
074 F001200 57856
074 G001200 0
074 H001200 0
074 I001200 22
074 J001200 392
074 K001200 0
074 L001200 934
074 M001200 54
074 N001200 71422
074 O001200 1624
074 P001200 44
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 3947
074 S001200 0
074 T001200 65807
074 U011200 7246
074 U021200 0
074 V011200 9.08
074 V021200 0.00
074 W001200 0.0000
074 X001200 19301
074 Y001200 5463
075 A001200 0
075 B001200 56749
076 001200 0.00
SIGNATURE PAUL SCHUBERT
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
<NUMBER> 01
<NAME> PACE MONEY MARKET INVESTMENTS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JAN-31-1999
<INVESTMENTS-AT-COST> 31479
<INVESTMENTS-AT-VALUE> 31479
<RECEIVABLES> 448
<ASSETS-OTHER> 96
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 32023
<PAYABLE-FOR-SECURITIES> 500
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 450
<TOTAL-LIABILITIES> 950
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 31074
<SHARES-COMMON-STOCK> 31074
<SHARES-COMMON-PRIOR> 25494
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 31073
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 776
<OTHER-INCOME> 0
<EXPENSES-NET> 72
<NET-INVESTMENT-INCOME> 704
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 704
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (704)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17399
<NUMBER-OF-SHARES-REDEEMED> 12448
<SHARES-REINVESTED> 629
<NET-CHANGE-IN-ASSETS> 5580
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 51
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 173
<AVERAGE-NET-ASSETS> 28629
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.02)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000930007
<NAME> PACE SELECT ADVISORS TRUST
<SERIES>
<NUMBER> 2
<NAME> PACE GOVERNMENT SECURITIES FIXED INCOME
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-1-1998
<PERIOD-END> JAN-31-1999
<INVESTMENTS-AT-COST> 257944
<INVESTMENTS-AT-VALUE> 260035
<RECEIVABLES> 72955
<ASSETS-OTHER> 88
<OTHER-ITEMS-ASSETS> 55
<TOTAL-ASSETS> 333133
<PAYABLE-FOR-SECURITIES> 146519
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 785
<TOTAL-LIABILITIES> 147304
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 182773
<SHARES-COMMON-STOCK> 14784
<SHARES-COMMON-PRIOR> 12874
<ACCUMULATED-NII-CURRENT> 487
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 478
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2091
<NET-ASSETS> 185829
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5694
<OTHER-INCOME> 0
<EXPENSES-NET> 789
<NET-INVESTMENT-INCOME> 4905
<REALIZED-GAINS-CURRENT> 479
<APPREC-INCREASE-CURRENT> 431
<NET-CHANGE-FROM-OPS> 5815
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5246
<DISTRIBUTIONS-OF-GAINS> 453
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3122
<NUMBER-OF-SHARES-REDEEMED> (1693)
<SHARES-REINVESTED> 445
<NET-CHANGE-IN-ASSETS> 23710
<ACCUMULATED-NII-PRIOR> 828
<ACCUMULATED-GAINS-PRIOR> 453
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 616
<INTEREST-EXPENSE> 41
<GROSS-EXPENSE> 843
<AVERAGE-NET-ASSETS> 174494
<PER-SHARE-NAV-BEGIN> 12.59
<PER-SHARE-NII> 0.35
<PER-SHARE-GAIN-APPREC> 0.07
<PER-SHARE-DIVIDEND> (0.38)
<PER-SHARE-DISTRIBUTIONS> (0.03)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.60
<EXPENSE-RATIO> 0.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
<NUMBER> 3
<NAME> INTERMEDIATE FIXED INCOME INVESTMENTS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JAN-31-1999
<INVESTMENTS-AT-COST> 119109
<INVESTMENTS-AT-VALUE> 120675
<RECEIVABLES> 4909
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 21493
<TOTAL-ASSETS> 147077
<PAYABLE-FOR-SECURITIES> 3703
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 22278
<TOTAL-LIABILITIES> 25981
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 118660
<SHARES-COMMON-STOCK> 9720
<SHARES-COMMON-PRIOR> 8071
<ACCUMULATED-NII-CURRENT> 492
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 377
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1567
<NET-ASSETS> 121096
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3342
<OTHER-INCOME> 0
<EXPENSES-NET> 458
<NET-INVESTMENT-INCOME> 2884
<REALIZED-GAINS-CURRENT> 747
<APPREC-INCREASE-CURRENT> 812
<NET-CHANGE-FROM-OPS> 4443
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2865
<DISTRIBUTIONS-OF-GAINS> 725
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2183
<NUMBER-OF-SHARES-REDEEMED> 1091
<SHARES-REINVESTED> 557
<NET-CHANGE-IN-ASSETS> 21407
<ACCUMULATED-NII-PRIOR> 473
<ACCUMULATED-GAINS-PRIOR> 355
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 332
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 458
<AVERAGE-NET-ASSETS> 109827
<PER-SHARE-NAV-BEGIN> 12.35
<PER-SHARE-NII> 0.32
<PER-SHARE-GAIN-APPREC> 0.20
<PER-SHARE-DIVIDEND> (0.33)
<PER-SHARE-DISTRIBUTIONS> (0.08)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.46
<EXPENSE-RATIO> 0.83
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
<NUMBER> 4
<NAME> STRATEGIC FIXED INCOME
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JAN-31-1999
<INVESTMENTS-AT-COST> 181134
<INVESTMENTS-AT-VALUE> 183030
<RECEIVABLES> 4369
<ASSETS-OTHER> 47
<OTHER-ITEMS-ASSETS> 122
<TOTAL-ASSETS> 187568
<PAYABLE-FOR-SECURITIES> 7637
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 416
<TOTAL-LIABILITIES> 8053
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 177107
<SHARES-COMMON-STOCK> 13626
<SHARES-COMMON-PRIOR> 9523
<ACCUMULATED-NII-CURRENT> 719
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 164
<ACCUM-APPREC-OR-DEPREC> 1853
<NET-ASSETS> 179515
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4933
<OTHER-INCOME> 0
<EXPENSES-NET> 724
<NET-INVESTMENT-INCOME> 4209
<REALIZED-GAINS-CURRENT> 2313
<APPREC-INCREASE-CURRENT> (522)
<NET-CHANGE-FROM-OPS> 6000
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4129
<DISTRIBUTIONS-OF-GAINS> 4178
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4796
<NUMBER-OF-SHARES-REDEEMED> 1317
<SHARES-REINVESTED> 624
<NET-CHANGE-IN-ASSETS> 52635
<ACCUMULATED-NII-PRIOR> 638
<ACCUMULATED-GAINS-PRIOR> 1701
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 548
<INTEREST-EXPENSE> 59
<GROSS-EXPENSE> 759
<AVERAGE-NET-ASSETS> 155316
<PER-SHARE-NAV-BEGIN> 13.32
<PER-SHARE-NII> 0.35
<PER-SHARE-GAIN-APPREC> 0.20
<PER-SHARE-DIVIDEND> 0.36
<PER-SHARE-DISTRIBUTIONS> 0.34
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.17
<EXPENSE-RATIO> 0.93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
<NUMBER> 5
<NAME> MUNICIPAL FIXED INCOME INVESTMENTS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JAN-31-1999
<INVESTMENTS-AT-COST> 55869
<INVESTMENTS-AT-VALUE> 57693
<RECEIVABLES> 982
<ASSETS-OTHER> 47
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 58722
<PAYABLE-FOR-SECURITIES> 928
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1017
<TOTAL-LIABILITIES> 1945
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 54976
<SHARES-COMMON-STOCK> 4407
<SHARES-COMMON-PRIOR> 4066
<ACCUMULATED-NII-CURRENT> 192
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (215)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1824
<NET-ASSETS> 56778
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1455
<OTHER-INCOME> 0
<EXPENSES-NET> 235
<NET-INVESTMENT-INCOME> 1220
<REALIZED-GAINS-CURRENT> (47)
<APPREC-INCREASE-CURRENT> 819
<NET-CHANGE-FROM-OPS> 1992
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1215
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 822
<NUMBER-OF-SHARES-REDEEMED> 573
<SHARES-REINVESTED> 92
<NET-CHANGE-IN-ASSETS> 5140
<ACCUMULATED-NII-PRIOR> 187
<ACCUMULATED-GAINS-PRIOR> (168)
<OVERDISTRIB-NII-PRIOR> 1950
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 175
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 244
<AVERAGE-NET-ASSETS> 54899
<PER-SHARE-NAV-BEGIN> 12.70
<PER-SHARE-NII> .28
<PER-SHARE-GAIN-APPREC> .18
<PER-SHARE-DIVIDEND> (.28)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.88
<EXPENSE-RATIO> 0.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
<NUMBER> 6
<NAME> GLOBAL FIXED INCOME INVESTMENTS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JAN-31-1999
<INVESTMENTS-AT-COST> 100153
<INVESTMENTS-AT-VALUE> 103366
<RECEIVABLES> 3988
<ASSETS-OTHER> 726
<OTHER-ITEMS-ASSETS> 11651
<TOTAL-ASSETS> 119731
<PAYABLE-FOR-SECURITIES> 1005
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12165
<TOTAL-LIABILITIES> 13170
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 101709
<SHARES-COMMON-STOCK> 8235
<SHARES-COMMON-PRIOR> 7253
<ACCUMULATED-NII-CURRENT> (4282)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6176
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2958
<NET-ASSETS> 106561
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2725
<OTHER-INCOME> 0
<EXPENSES-NET> 480
<NET-INVESTMENT-INCOME> 2245
<REALIZED-GAINS-CURRENT> 8894
<APPREC-INCREASE-CURRENT> 1919
<NET-CHANGE-FROM-OPS> 13058
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4374
<DISTRIBUTIONS-OF-GAINS> 3640
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1410
<NUMBER-OF-SHARES-REDEEMED> 1039
<SHARES-REINVESTED> 610
<NET-CHANGE-IN-ASSETS> 17723
<ACCUMULATED-NII-PRIOR> (2153)
<ACCUMULATED-GAINS-PRIOR> 921
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 405
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 583
<AVERAGE-NET-ASSETS> 100303
<PER-SHARE-NAV-BEGIN> 12.25
<PER-SHARE-NII> 0.35
<PER-SHARE-GAIN-APPREC> 1.38
<PER-SHARE-DIVIDEND> 0.57
<PER-SHARE-DISTRIBUTIONS> 0.47
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.94
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
<NUMBER> 7
<NAME> LARGE COMPANY VALUE EQUITY INVESTMENTS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JAN-31-1999
<INVESTMENTS-AT-COST> 285368
<INVESTMENTS-AT-VALUE> 326949
<RECEIVABLES> 1747
<ASSETS-OTHER> 22365
<OTHER-ITEMS-ASSETS> 54
<TOTAL-ASSETS> 351115
<PAYABLE-FOR-SECURITIES> 746
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23596
<TOTAL-LIABILITIES> 24342
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 274832
<SHARES-COMMON-STOCK> 16436
<SHARES-COMMON-PRIOR> 13142
<ACCUMULATED-NII-CURRENT> 55
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 10241
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 41645
<NET-ASSETS> 326773
<DIVIDEND-INCOME> 2248
<INTEREST-INCOME> 205
<OTHER-INCOME> 0
<EXPENSES-NET> 1397
<NET-INVESTMENT-INCOME> 1056
<REALIZED-GAINS-CURRENT> 10594
<APPREC-INCREASE-CURRENT> 8218
<NET-CHANGE-FROM-OPS> 18812
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2068
<DISTRIBUTIONS-OF-GAINS> 21559
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3909
<NUMBER-OF-SHARES-REDEEMED> 1808
<SHARES-REINVESTED> 1194
<NET-CHANGE-IN-ASSETS> 60419
<ACCUMULATED-NII-PRIOR> 1067
<ACCUMULATED-GAINS-PRIOR> 21206
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1149
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1397
<AVERAGE-NET-ASSETS> 284984
<PER-SHARE-NAV-BEGIN> 20.27
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> 1.15
<PER-SHARE-DIVIDEND> 0.14
<PER-SHARE-DISTRIBUTIONS> 1.46
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.88
<EXPENSE-RATIO> 0.97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
<NUMBER> 8
<NAME> LARGE COMPANY GROWTH EQUITY INVESTMENTS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JAN-31-1999
<INVESTMENTS-AT-COST> 231166
<INVESTMENTS-AT-VALUE> 351768
<RECEIVABLES> 1589
<ASSETS-OTHER> 8731
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 362088
<PAYABLE-FOR-SECURITIES> 691
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9818
<TOTAL-LIABILITIES> 10509
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 226891
<SHARES-COMMON-STOCK> 13726
<SHARES-COMMON-PRIOR> 11981
<ACCUMULATED-NII-CURRENT> (234)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4320
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 120602
<NET-ASSETS> 351579
<DIVIDEND-INCOME> 1039
<INTEREST-INCOME> 120
<OTHER-INCOME> 0
<EXPENSES-NET> 1394
<NET-INVESTMENT-INCOME> (235)
<REALIZED-GAINS-CURRENT> 1581
<APPREC-INCREASE-CURRENT> 56027
<NET-CHANGE-FROM-OPS> 57373
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 19612
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2920
<NUMBER-OF-SHARES-REDEEMED> 1989
<SHARES-REINVESTED> 814
<NET-CHANGE-IN-ASSETS> 76118
<ACCUMULATED-NII-PRIOR> 1
<ACCUMULATED-GAINS-PRIOR> 22350
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1134
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1397
<AVERAGE-NET-ASSETS> 281106
<PER-SHARE-NAV-BEGIN> 22.99
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 4.14
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.50)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 25.61
<EXPENSE-RATIO> 0.98
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
<NUMBER> 09
<NAME> PACE SMALL/MED. COMPANY VALUE EQUITY INV.
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JAN-31-1999
<INVESTMENTS-AT-COST> 190941
<INVESTMENTS-AT-VALUE> 188208
<RECEIVABLES> 608
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 4848
<TOTAL-ASSETS> 193664
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5735
<TOTAL-LIABILITIES> 5735
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 186512
<SHARES-COMMON-STOCK> 12932
<SHARES-COMMON-PRIOR> 10554
<ACCUMULATED-NII-CURRENT> 36
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4115
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2734)
<NET-ASSETS> 187929
<DIVIDEND-INCOME> 1150
<INTEREST-INCOME> 150
<OTHER-INCOME> 0
<EXPENSES-NET> 880
<NET-INVESTMENT-INCOME> 420
<REALIZED-GAINS-CURRENT> 2477
<APPREC-INCREASE-CURRENT> (14974)
<NET-CHANGE-FROM-OPS> (12077)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1011)
<DISTRIBUTIONS-OF-GAINS> (17717)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2795
<NUMBER-OF-SHARES-REDEEMED> 1735
<SHARES-REINVESTED> 1318
<NET-CHANGE-IN-ASSETS> 4371
<ACCUMULATED-NII-PRIOR> 627
<ACCUMULATED-GAINS-PRIOR> 19355
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 704
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 893
<AVERAGE-NET-ASSETS> 174628
<PER-SHARE-NAV-BEGIN> 17.39
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> (1.25)
<PER-SHARE-DIVIDEND> 0.09
<PER-SHARE-DISTRIBUTIONS> 1.55
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.53
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
<NUMBER> 10
<NAME> SMALL MEDIUM COMPANY GROWTH FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JAN-31-1999
<INVESTMENTS-AT-COST> 181007
<INVESTMENTS-AT-VALUE> 242298
<RECEIVABLES> 2668
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 69
<TOTAL-ASSETS> 245036
<PAYABLE-FOR-SECURITIES> 3346
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15010
<TOTAL-LIABILITIES> 18356
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 173282
<SHARES-COMMON-STOCK> 13195
<SHARES-COMMON-PRIOR> 12586
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (398)
<ACCUMULATED-NET-GAINS> (7495)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 61291
<NET-ASSETS> 226680
<DIVIDEND-INCOME> 230
<INTEREST-INCOME> 349
<OTHER-INCOME> 0
<EXPENSES-NET> 978
<NET-INVESTMENT-INCOME> (399)
<REALIZED-GAINS-CURRENT> (7203)
<APPREC-INCREASE-CURRENT> 32117
<NET-CHANGE-FROM-OPS> 24515
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (5126)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2503
<NUMBER-OF-SHARES-REDEEMED> 2210
<SHARES-REINVESTED> 316
<NET-CHANGE-IN-ASSETS> 27824
<ACCUMULATED-NII-PRIOR> 1
<ACCUMULATED-GAINS-PRIOR> 4833
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 795
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 990
<AVERAGE-NET-ASSETS> 194166
<PER-SHARE-NAV-BEGIN> 15.80
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 1.79
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0.38
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.18
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
<NUMBER> 11
<NAME> PACE INTERNATIONAL EQUITY INVESTMENTS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JAN-31-1999
<INVESTMENTS-AT-COST> 160046
<INVESTMENTS-AT-VALUE> 186691
<RECEIVABLES> 2389
<ASSETS-OTHER> 11935
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 201015
<PAYABLE-FOR-SECURITIES> 4287
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10483
<TOTAL-LIABILITIES> 14770
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 162237
<SHARES-COMMON-STOCK> 11574
<SHARES-COMMON-PRIOR> 9945
<ACCUMULATED-NII-CURRENT> (602)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2348)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 26957
<NET-ASSETS> 186244
<DIVIDEND-INCOME> 508
<INTEREST-INCOME> 196
<OTHER-INCOME> 0
<EXPENSES-NET> 986
<NET-INVESTMENT-INCOME> (282)
<REALIZED-GAINS-CURRENT> (2259)
<APPREC-INCREASE-CURRENT> 4767
<NET-CHANGE-FROM-OPS> 2226
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1983)
<DISTRIBUTIONS-OF-GAINS> (3678)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2581
<NUMBER-OF-SHARES-REDEEMED> 1305
<SHARES-REINVESTED> 353
<NET-CHANGE-IN-ASSETS> 21767
<ACCUMULATED-NII-PRIOR> 1664
<ACCUMULATED-GAINS-PRIOR> 3589
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 733
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 986
<AVERAGE-NET-ASSETS> 161466
<PER-SHARE-NAV-BEGIN> 16.54
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 0.11
<PER-SHARE-DIVIDEND> (0.19)
<PER-SHARE-DISTRIBUTIONS> (0.34)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.09
<EXPENSE-RATIO> 1.21
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
<NUMBER> 12
<NAME> PACE INTERNATIONAL EMERGING MARKETS EQUITY
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JAN-31-1999
<INVESTMENTS-AT-COST> 72008
<INVESTMENTS-AT-VALUE> 65319
<RECEIVABLES> 1326
<ASSETS-OTHER> 54
<OTHER-ITEMS-ASSETS> 4723
<TOTAL-ASSETS> 71422
<PAYABLE-FOR-SECURITIES> 1624
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3991
<TOTAL-LIABILITIES> 5615
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 86302
<SHARES-COMMON-STOCK> 7246
<SHARES-COMMON-PRIOR> 6073
<ACCUMULATED-NII-CURRENT> 126
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (14385)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (6236)
<NET-ASSETS> 65807
<DIVIDEND-INCOME> 590
<INTEREST-INCOME> 96
<OTHER-INCOME> 0
<EXPENSES-NET> 429
<NET-INVESTMENT-INCOME> 257
<REALIZED-GAINS-CURRENT> (6907)
<APPREC-INCREASE-CURRENT> (597)
<NET-CHANGE-FROM-OPS> (7247)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 468
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2308
<NUMBER-OF-SHARES-REDEEMED> 1186
<SHARES-REINVESTED> 52
<NET-CHANGE-IN-ASSETS> 2570
<ACCUMULATED-NII-PRIOR> 338
<ACCUMULATED-GAINS-PRIOR> (7478)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 315
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 525
<AVERAGE-NET-ASSETS> 56749
<PER-SHARE-NAV-BEGIN> 10.41
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> (1.29)
<PER-SHARE-DIVIDEND> (0.07)
<PER-SHARE-DISTRIBUTIONS> 0.0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.08
<EXPENSE-RATIO> 1.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
Attachment 77D
PaineWebber PACE Select Advisors Trust
At the board of trustees meeting held on November 3,
1998, the board approved a non-fundamental investment policy
change for PACE Government Securities Fixed Income
Investments to change the permissible range of portfolio duration
for the Portfolio from 2 to 7 years to 1 to 7 years.
PaineWebber PACE
Select Advisors Trust
Attachment 77O
FORM 10f-3 FUND: PACE Large Company
Value Equity Investments
Record of Securities Purchased Under the Fund's Rule 10f-
3 Procedures
1. Issuer: Du Pont / Conoco
2. Date of Purchase: 10/21 3. Date offering
commenced: 10/21
4. Underwriters from whom purchased: Morgan
Stanley
5. "Affiliated Underwriter" managing or participating
in syndicate:
Warburg Dillian Reed
6. Aggregate principal amount of purchase: $506,000
($23 x 22,000)
7. Aggregate principal amount of offering: 4.39
Billion
8. Purchase price (net of fees and expenses): $22.41
9. Initial public offering price: $23
10. Commission, spread or profit: .5877 % 12,929.400
11. Have the following conditions been satisfied?
YES
NO
a. The securities are part of an issue registered under the
Securities Act of 1933 which is being offered to the public or
are "municipal securities" as defined in Section 3(a)(29) of the
Securities Exchange Act of 1934.
___X___
_______
b. The securities were purchased prior to the end of the
first full business day of the offering at not more than the initial
offering price (or, if a rights offering, the securities were
purchased on or before the fourth day preceding the day on
which the offering terminated).
___X___
_______
c. The underwriting was a firm commitment underwriting.
___X___
_______
d. The commission, spread or profit was reasonable and
fair in relation to that being received by others for underwriting
similar securities during the same period.
___X___
_______
e. (1) If securities are registered under the Securities Act
of 1933, the issuer of the securities and its predecessor have
been in continuous operation for not less than three years.
___X___
_______
(2) If securities are municipal securities, the issue of securities
has received an investment grade rating from a nationally
recognized statistical rating organization or, if the issuer or
entity supplying the revenues from which the issue is to be paid
shall have been in continuous operation for less than three
years (including any predecessor), the issue has received one of
the three highest ratings from at least one such rating
organization.
__N/A___
_______
f. The amount of such securities purchased by all of the
investment companies advised by Mitchell Hutchins did not
exceed 4% of the principal amount of the offering or $500,000
in principal amount, whichever is greater, provided that in no
event did such amount exceed 10% of the principal amount of
the offering.
___X___
_______
g. The purchase price was less than 3% of the Fund's total
assets.
___X___
_______
h. No Affiliated Underwriter was a direct or indirect
participant in or beneficiary of the sale or, with respect to
municipal securities, no purchases were designated as group
sales or otherwise allocated to the account of any Affiliated
Underwriter.
___X____
_______
Name ?Adviser? shall mean the particular entity
responsible for the portfolio management of the Fund (i.e.
Mitchell Hutchins or the applicable Sub-Adviser).
?Affiliated Underwriter? is defined as Paine Webber Group
Inc. and any of its affiliates, including PaineWebber
Incorporated. In addition, in the case of a Fund advised by
a Sub-Adviser, ?Affiliated Underwriter? shall also include
any brokerage affiliate of the Sub-Advisor.
Approved: Allison Grant Williams Date:
10/21/98
PaineWebber
PACE Select
Advisors Trust
EXHIBIT 77Q-1
ACTION BY UNANIMOUS WRITTEN CONSENT
OF THE BOARD OF TRUSTEES
OF
PAINEWEBBER PACE SELECT ADVISORS TRUST
A Delaware business trust
Dated December 31, 1998
The undersigned, being all of the members of the Board
of Trustees (the ?Board?) of PAINEWEBBER PACE SELECT
ADVISORS TRUST, a Delaware business trust (?PACE?), hereby
waive the giving of any and all notice of a meeting of the Board
and hereby unanimously consent, pursuant to the provisions of the
Delaware Business Trust Act (12 Del. Code Tit. 12 Section 3801
et seq.) and the provisions of the Article X, Section 8 of PACE?s
Trust Instrument, to the adoption of the following resolutions by
the Board without a meeting and to the actions authorized thereby,
such actions being deemed effective as of the day and year first
above written:
WHEREAS: The Board has
determined that it is in
the best interest of
PACE to delete in its
entirety Article II,
Section 3 of PACE?s By-
Laws which imposes a
mandatory retirement
age of 72 for trustees.
NOW, THEREFORE, be it:
RESOLVED: Article II, Section 3 of
PACE?s By-Laws is
hereby deleted in its
entirety; and further
RESOLVED: That the appropriate
officers of PACE be,
and each of them hereby
is, authorized and
empowered to execute
and deliver, in the name
and on behalf of PACE,
such other agreements,
certificates, instruments
and other documents,
and to take all such other
actions, in each case as
may be necessary,
desirable or appropriate
in connection with the
matters approved herein,
including, but not
limited to any filings
with the State of
Delaware or any other
state.
This Action by Unanimous Written Consent may be
executed in two or more counterparts, each of which shall be
deemed to be an original and all of which together shall constitute
one and the same instrument.
IN WITNESS WHEREOF, the undersigned have
executed this Action by Unanimous Written Consent of the Board
of Trustees of PAINEWEBBER PACE SELECT ADVISORS
TRUST as of the day and year first above written.
/s/ Margo N. Alexander /s/ David J.
Beaubien
Margo N. Alexander David J.
Beaubien
/s/ E. Garrett Bewkes, Jr., /s/ Bruce A.
Bursey
E. Garrett Bewkes, Jr., /s/ Bruce A.
Bursey
/s/ William W. Hewitt, Jr. /s/ Morton L.
Janklow
William W. Hewitt, Jr Morton L.
Janklow
/s/. J Richard Sipes /s/ William D.
White
J Richard Sipes William D.
White
/s/ M. Cabell Woodward, Jr.
M. Cabell Woodward, Jr.
