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<FILER-NAME> PILGRIM AMERICA MASTERS SERIES, INC.
[FILE-NUMBER] 811-9040
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PAGE 1
000 A000000 12/31/96
000 C000000 0000944689
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002 A000000 40 N CENT.AVE.STE.1200 2 RENAISSANCE SQ.
002 B000000 PHOENIX
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008 C00AA01 801-8178
008 D01AA01 PHOENIX
008 D02AA01 AZ
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008 D04AA01 4424
010 A00AA01 PILGRIM AMERICA GROUP, INC.
010 C01AA01 PHOENIX
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PAGE 12
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SIGNATURE MICHAEL J. ROLAND
TITLE SR. VICE PRESIDENT
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