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          <cik>0000924628</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
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        <classId>C000030187</classId>
        <classId>C000030189</classId>
        <classId>C000030190</classId>
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      <regName>SARATOGA ADVANTAGE TRUST</regName>
      <regFileNumber>811-08542</regFileNumber>
      <regCik>0000924628</regCik>
      <regLei>549300ELDSPPW4ZGNR88</regLei>
      <regStreet1>12725 W. Indian School Road</regStreet1>
      <regStreet2>Suite E-101</regStreet2>
      <regCity>AVONDALE</regCity>
      <regStateConditional regCountry="US" regState="US-AZ"/>
      <regZipOrPostalCode>85392</regZipOrPostalCode>
      <regPhone>623-266-4567</regPhone>
      <seriesName>Saratoga Financial Services Portfolio</seriesName>
      <seriesId>S000010893</seriesId>
      <seriesLei>5493003OSJQMQNHI7H73</seriesLei>
      <repPdEnd>2025-08-31</repPdEnd>
      <repPdDate>2025-05-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
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      <totLiabs>42146.94</totLiabs>
      <netAssets>1239127.71</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
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      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
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      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
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      <isNonCashCollateral>N</isNonCashCollateral>
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        <othMon2 netRealizedGain="26827.28000000" netUnrealizedAppr="-61369.59000000"/>
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        <name>Cboe Global Markets Inc</name>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Synovus Financial Corp.</name>
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        <name>Aon PLC</name>
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        <invCountry>IE</invCountry>

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      <invstOrSec>
        <name>Blackrock Inc.</name>
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        <name>State Street Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Bank OZK Little Rock Arkansas</name>
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        <name>Chubb Ltd.</name>
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        <name>CME Group Inc.</name>
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        <name>Berkshire Hathaway Inc.</name>
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        <name>Blackstone Inc</name>
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        <name>Synchrony Financial</name>
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        <name>Janus Henderson Group PLC</name>
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        <name>W.R. Berkley Corporation</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Interactive Brokers Group Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MGIC Investment Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Moodys Corp.</name>
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      <invstOrSec>
        <name>Goldman Sachs Group, Inc.</name>
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        <name>Paypal Holdings Inc.</name>
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        <name>AXIS Capital Holdings Limited</name>
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        <name>The Progressive Corporation</name>
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        <name>Aflac Incorporated</name>
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        <name>Stifel Financial Corporation</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Toast Inc</name>
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        <name>Fiserv Inc.</name>
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        <name>American Financial Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>F&amp;G Annuities &amp; Life Inc.</name>
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        <name>WEX Inc</name>
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        <name>Intercontinental Exchange Inc</name>
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        <name>Webster Financial Corp.</name>
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        <name>American Express Company</name>
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        <name>Dreyfus Instl Resv</name>
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        <name>Apollo Global Management Inc</name>
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        <title>APOLLO GLOBAL MA</title>
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        <name>The Western Union Company</name>
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        <name>The Charles Schwab Corporation</name>
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        <title>SCHWAB (CHARLES)</title>
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        <name>Visa Inc</name>
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        <name>U.S. Bancorp.</name>
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        <name>Marsh &amp; McLennan Companies, Inc.</name>
        <lei>549300XMP3KDCKJXIU47</lei>
        <title>MARSH &amp; MCLENNAN</title>
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        <invCountry>US</invCountry>

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        <name>PNC Financial Services Group Inc.</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC FINANCIAL SE</title>
        <cusip>693475105</cusip>
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        <balance>41.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7126.21000000</valUSD>
        <pctVal>0.575098913735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Block Inc</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>BLOCK INC</title>
        <cusip>852234103</cusip>
        <identifiers>
          <isin value="US8522341036"/>
        </identifiers>
        <balance>234.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14449.50000000</valUSD>
        <pctVal>1.166102564198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MasterCard Incorporated</name>
        <lei>AR5L2ODV9HN37376R084</lei>
        <title>MASTERCARD INC-A</title>
        <cusip>57636Q104</cusip>
        <identifiers>
          <isin value="US57636Q1040"/>
        </identifiers>
        <balance>94.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>55046.40000000</valUSD>
        <pctVal>4.442350821127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Voya Financial Inc</name>
        <lei>549300T065Z4KJ686G75</lei>
        <title>VOYA FINANCIAL I</title>
        <cusip>929089100</cusip>
        <identifiers>
          <isin value="US9290891004"/>
        </identifiers>
        <balance>260.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17295.20000000</valUSD>
        <pctVal>1.395756051650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA</title>
        <cusip>060505104</cusip>
        <identifiers>
          <isin value="US0605051046"/>
        </identifiers>
        <balance>1111.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49028.43000000</valUSD>
        <pctVal>3.956689016340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Everest Group Ltd</name>
        <lei>549300N24XF2VV0B3570</lei>
        <title>EVEREST GROUP LT</title>
        <cusip>G3223R108</cusip>
        <identifiers>
          <isin value="BMG3223R1088"/>
        </identifiers>
        <balance>31.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10762.89000000</valUSD>
        <pctVal>0.868586015238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>CAPITAL ONE FINA</title>
        <cusip>14040H105</cusip>
        <identifiers>
          <isin value="US14040H1059"/>
        </identifiers>
        <balance>178.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33668.70000000</valUSD>
        <pctVal>2.717129132718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deducting sales loads and redemption fees, if any." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-06-27</ncom:dateSigned>
      <ncom:nameOfApplicant>SARATOGA ADVANTAGE TRUST</ncom:nameOfApplicant>
      <ncom:signature>Rich Gleason</ncom:signature>
      <ncom:signerName>Rich Gleason</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
