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Previous: BRINSON RELATIONSHIP FUNDS, NSAR-B, 1998-03-02 |
Next: GREAT LAKES FUND INC /MI, NSAR-B, 1998-03-02 |
<PAGE> PAGE 1
000 A000000 12/31/97
000 C000000 0000944689
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 PILGRIM AMERICA MASTERS SERIES, INC.
001 B000000 811-9040
001 C000000 6024178100
002 A000000 40 NORTH CENTRAL AVENUE SUITE 1200
002 B000000 PHOENIX
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007 C030100 N
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008 D01AA01 PHOENIX
008 D02AA01 AZ
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008 D04AA01 4424
010 A00AA01 PILGRIM AMERICA GROUP, INC.
010 C01AA01 PHOENIX
010 C02AA01 AZ
010 C03AA01 85004
010 C04AA01 4424
<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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SIGNATURE JAMES R REIS
TITLE EXEC VICE PRESIDENT
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<NAME> Pilgrim America Masters Asia-Pacific Equity Fund
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<NAME> Pilgrim America Masters Midcap Value Fund
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<NAME> Pilgrim America Masters Midcap Value Fund
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<NAME> Pilgrim America Masters Midcap Value Fund
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<TABLE> <S> <C>
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<CIK> 944689
<NAME> Pilgrim America Masters Largecap Value Fund
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<NAME> Pilgrim America Masters Largecap Value Fund
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<NAME> Pilgrim America Masters Largecap Value Fund
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<DISTRIBUTIONS-OF-GAINS> 635
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<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 0.82
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<RETURNS-OF-CAPITAL> 0
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</TABLE>
Pilgrim America Masters Series
- --------------------------------------------------------------------------------
SHAREHOLDER MEETING
- --------------------------------------------------------------------------------
SPECIAL MEETING
A special meeting of shareholders of Pilgrim America Masters MidCap Value Fund
was held at the offices of the Fund on December 18, 1997. A brief description of
each matter voted upon as well as the voting results are outlined below:
Shares
Shares voted against Shares Broker
voted for or withheld abstained non-vote Total
--------- ----------- --------- -------- -----
I. To approve a new Portfolio Management Agreement between Pilgrim America
Investments, Inc. and Cramer Rosenthal McGlynn, the successor to the current
Portfolio Manager.
2,292,634 23,910 71,069 497,391 2,885,004
II. To transact such other business as may properly come before the Special
Meeting of Shareholders or any adjournments thereof:
2,775,591 25,570 83,842 -- 2,885,003
Pilgrim America Masters MidCap Value Fund N-NSAR 12/31/97
Exhibit 77Q1e
Incorporated by reference is the Registrant's Proxy Statement filed with the
Securities and Exchange Commission on November 11, 1997.
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