WINTHROP OPPORTUNITY FUNDS
NSAR-A, 1996-06-27
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<PAGE>      PAGE  1
000 A000000 04/30/96
000 C000000 0000946110
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 WINTHROP OPPORTUNITY FUNDS
001 B000000 811-9054
001 C000000 8002258011
002 A000000 277 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10172
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 WINTHROP DEVELOPING MARKETS FUND
007 C030100 N
007 C010200  2
007 C020200 WINTHROP INTERNATIONAL EQUITY FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
020 A000001 JARDINE FLEMING
020 C000001     92
020 A000002 MORGAN STANLEY
020 C000002     54
020 A000003 SCHRODER SECURITIES
020 C000003     50
020 A000004 NOMURA SECURITIES
020 C000004     39
020 A000005 S.G. WARBURG SECURITIES
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020 A000006 KLEINWORT BENSON
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020 A000007 SALOMON
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020 A000008 LATINVEST
<PAGE>      PAGE  2
020 C000008     14
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<PAGE>      PAGE  4
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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076  000200     0.00
SIGNATURE   BRIAN KAMMERER                               
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 021
   <NAME> WINTHROP INTERNATIONAL EQUITY FUND CLASS A
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1996
<PERIOD-START>                             NOV-30-1995
<PERIOD-END>                               APR-30-1996
<INVESTMENTS-AT-COST>                           38,645
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<ACCUMULATED-NII-CURRENT>                        (139)
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<EQUALIZATION>                                       0
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<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 022
   <NAME> WINTHROP INTERNATIONAL EQUITY FUND CLASS B
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<PERIOD-START>                             NOV-01-1995
<PERIOD-END>                               APR-30-1996
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<ACCUMULATED-NII-CURRENT>                        (139)
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<SHARES-REINVESTED>                                  0
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<ACCUMULATED-NII-PRIOR>                            (2)
<ACCUMULATED-GAINS-PRIOR>                        (672)
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<EXPENSE-RATIO>                                   2.90
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 011
   <NAME> WINTHROP DEVELOPING MARKETS FUND CLASS A
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<PERIOD-END>                               APR-30-1996
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<SHARES-COMMON-PRIOR>                            1,531
<ACCUMULATED-NII-CURRENT>                         (46)
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<NET-INVESTMENT-INCOME>                           (46)
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<ACCUMULATED-GAINS-PRIOR>                         (19)
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<PER-SHARE-NII>                                 (0.02)
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<EXPENSE-RATIO>                                   2.15
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 012
   <NAME> WINTHROP DEVELOPING MARKETS FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1996
<PERIOD-START>                             NOV-01-1995
<PERIOD-END>                               APR-30-1996
<INVESTMENTS-AT-COST>                           32,746
<INVESTMENTS-AT-VALUE>                          34,315
<RECEIVABLES>                                      889
<ASSETS-OTHER>                                      99
<OTHER-ITEMS-ASSETS>                                58
<TOTAL-ASSETS>                                  35,361
<PAYABLE-FOR-SECURITIES>                           389
<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                                621
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        33,037
<SHARES-COMMON-STOCK>                              261
<SHARES-COMMON-PRIOR>                              103
<ACCUMULATED-NII-CURRENT>                         (46)
<OVERDISTRIBUTION-NII>                               0
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<NET-INVESTMENT-INCOME>                           (46)
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<NET-CHANGE-FROM-OPS>                            2,395
<EQUALIZATION>                                       0
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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