<PAGE> PAGE 1
000 A000000 06/30/98
000 C000000 0001015965
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 AETNA VARIABLE PORTFOLIOS, INC.
001 B000000 811-7651
001 C000000 8602754130
002 A000000 242 TRUMBULL STREET
002 B000000 HARTFORD
002 C000000 CT
002 D010000 06103
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 11
007 C010100 1
007 C020100 AETNA VALUE OPPORTUNITY VP
007 C030100 N
007 C010200 2
007 C020200 AETNA GROWTH VP
007 C030200 N
007 C010300 3
007 C020300 AETNA INDEX PLUS LARGE CAP VP
007 C030300 N
007 C010400 4
007 C020400 AETNA SMALL COMPANY VP
007 C030400 N
007 C010500 5
007 C020500 AETNA HIGH YIELD VP
007 C030500 N
007 C010600 6
007 C020600 AETNA INDEX PLUS BOND VP
007 C030600 N
007 C010700 7
007 C020700 AETNA INDEX PLUS MID CAP VP
007 C030700 N
007 C010800 8
007 C020800 AETNA INTERNATIONAL VP
007 C030800 N
007 C010900 9
007 C020900 AETNA MID CAP VP
007 C030900 N
007 C011000 10
007 C021000 AETNA REAL ESTATE SECURITIES VP
<PAGE> PAGE 2
007 C031000 N
007 C011100 11
007 C021100 AETNA INDEX PLUS SMALL CAP VP
007 C031100 N
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
008 A00AA01 AELTUS INVESTMENT MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-9406
008 D01AA01 HARTFORD
008 D02AA01 CT
008 D03AA01 06103
010 A00AA01 AELTUS INVESTMENT MANAGEMENT, INC.
010 C01AA01 HARTFORD
010 C02AA01 CT
010 C03AA01 06103
011 A00AA01 AETNA LIFE INSURANCE AND ANNUITY COMPANY
011 B00AA01 8-12643
011 C01AA01 HARTFORD
011 C02AA01 CT
011 C03AA01 06156
012 A00AA01 FIRSTAR TRUST COMPANY
012 B00AA01 85-00410
012 C01AA01 MILWAUKEE
012 C02AA01 WI
012 C03AA01 53201
012 C04AA01 0701
012 A00AA02 DELETE
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 HARTFORD
013 B02AA01 CT
013 B03AA01 06103
013 B04AA01 4103
014 A00AA01 AETNA LIFE INSURANCE AND ANNUITY COMPANY
014 B00AA01 8-12643
014 A00AA02 AETNA INVESTMENT SERVICES, INC.
014 B00AA02 8-46451
014 A00AA03 SYSTEMATIZED BENEFITS ADMINISTRATORS, INC.
014 B00AA03 8-37340
014 A00AA04 AELTUS CAPITAL, INC.
014 B00AA04 8-41464
014 A00AA05 AETNA FINANCIAL SERVICES, INC.
014 B00AA05 8-19393
014 A00AA06 FINANCIAL NETWORK INVESTMENT CORP.
<PAGE> PAGE 3
014 B00AA06 8-47432
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 39
019 C00AA00 AETNAFUNDS
020 A000001 ITG
020 C000001 99
020 A000002 LEHMAN BROTHERS
020 C000002 49
020 A000003 GOLDMAN SACHS
020 C000003 33
020 A000004 WEEDEN
020 C000004 25
020 A000005 MORGAN STANLEY & CO.
020 C000005 18
020 A000006 DONALDSON LUFKIN & JENRETTE
020 C000006 17
020 A000007 WERTHEIM
020 C000007 13
020 A000008 MERRILL LYNCH
020 C000008 13
020 A000009 BERNSTEIN
020 C000009 12
020 A000010 J.P. MORGAN
020 C000010 12
021 000000 493
022 A000001 PRUDENTIAL SECURITIES
022 C000001 1373
022 D000001 1369
022 A000002 PAINE WEBBER, MITCHELL HUTCHINS
022 C000002 580
022 D000002 578
022 A000003 MERRILL LYNCH
022 C000003 523
022 D000003 458
022 A000004 FIRST BOSTON CORP.
022 C000004 284
022 D000004 282
022 A000005 GOLDMAN SACHS
022 C000005 300
022 D000005 257
022 A000006 MORGAN STANLEY & CO.
022 C000006 234
022 D000006 228
022 A000007 ZIONS FIRST NATIONAL BANK
022 C000007 100
022 D000007 100
022 A000008 ITG
022 C000008 151
022 D000008 34
022 A000009 LEHMAN BROTHERS
<PAGE> PAGE 4
022 C000009 84
022 D000009 92
022 A000010 J.P. MORGAN
022 C000010 73
022 D000010 75
023 C000000 3962
023 D000000 3697
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 Y
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
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
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 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 Y
<PAGE> PAGE 5
054 E00AA00 Y
054 F00AA00 Y
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 Y
054 J00AA00 Y
054 K00AA00 Y
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 Y
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 0
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 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 B00AA00 0
084 B00AA00 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
<PAGE> PAGE 6
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
015 A000101 MELLON BANK NA
015 B000101 C
015 C010101 PITTSBURGH
015 C020101 PA
015 C030101 15258
015 E010101 X
024 000100 Y
025 A000101 AMERICAN EXPRESS
025 C000101 E
025 D000101 2850
025 A000102 FRANKLIN RESOURCES, INC.
025 C000102 E
025 D000102 1620
025 A000103 TRAVELERS GROUP
025 C000103 E
025 D000103 1182
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 9114
028 A020100 0
028 A030100 0
028 A040100 57
028 B010100 9927
028 B020100 0
028 B030100 0
028 B040100 56
028 C010100 9054
028 C020100 0
028 C030100 0
028 C040100 1185
028 D010100 9706
028 D020100 0
028 D030100 0
028 D040100 524
028 E010100 4983
028 E020100 0
028 E030100 0
028 E040100 1023
028 F010100 4677
028 F020100 365
028 F030100 0
028 F040100 376
<PAGE> PAGE 7
028 G010100 47461
028 G020100 365
028 G030100 0
028 G040100 3221
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.600
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 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
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 0
063 B000100 0.0
<PAGE> PAGE 8
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
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 Y
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 Y
070 R020100 N
071 A000100 52654
071 B000100 20204
071 C000100 30317
071 D000100 67
<PAGE> PAGE 9
072 A000100 6
072 B000100 192
072 C000100 175
072 D000100 0
072 E000100 0
072 F000100 110
072 G000100 21
072 H000100 0
072 I000100 0
072 J000100 1
072 K000100 0
072 L000100 1
072 M000100 0
072 N000100 1
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 2
072 S000100 0
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 0
072 X000100 136
072 Y000100 0
072 Z000100 231
072AA000100 2379
072BB000100 0
072CC010100 598
072CC020100 0
072DD010100 25
072DD020100 0
072EE000100 339
073 A010100 0.0060
073 A020100 0.0000
073 B000100 0.0810
073 C000100 0.0000
074 A000100 10
074 B000100 0
074 C000100 4992
074 D000100 0
074 E000100 0
074 F000100 53073
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 51
074 M000100 0
074 N000100 58126
<PAGE> PAGE 10
074 O000100 1481
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 50
074 S000100 0
074 T000100 56595
074 U010100 4258
074 U020100 0
074 V010100 13.29
074 V020100 0.00
074 W000100 0.0000
074 X000100 4
074 Y000100 0
075 A000100 0
075 B000100 37449
076 000100 0.00
015 A000201 MELLON BANK, N.A.
015 B000201 C
015 C010201 PITTSBURGH
015 C020201 PA
015 C030201 15258
015 E010201 X
024 000200 Y
025 A000201 FRANKLIN RESOURCES,INC.
025 C000201 E
025 D000201 913
025 A000202 T. ROWE PRICE ASSOCIATES
025 C000202 E
025 D000202 1134
025 A000203 PROVIDIAN FINANCIAL
025 C000203 E
025 D000203 432
025 A000204 TRAVELERS GROUP
025 C000204 E
025 D000204 1194
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 2671
028 A020200 0
028 A030200 0
028 A040200 410
028 B010200 3552
028 B020200 0
028 B030200 0
028 B040200 226
028 C010200 3014
<PAGE> PAGE 11
028 C020200 0
028 C030200 0
028 C040200 656
028 D010200 17405
028 D020200 0
028 D030200 0
028 D040200 58
028 E010200 7277
028 E020200 0
028 E030200 0
028 E040200 1167
028 F010200 7329
028 F020200 0
028 F030200 0
028 F040200 16
028 G010200 41248
028 G020200 0
028 G030200 0
028 G040200 2533
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.600
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 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
<PAGE> PAGE 12
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 Y
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
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 Y
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 Y
070 L020200 N
070 M010200 Y
<PAGE> PAGE 13
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200 47387
071 B000200 15209
071 C000200 20287
071 D000200 75
072 A000200 6
072 B000200 97
072 C000200 51
072 D000200 0
072 E000200 0
072 F000200 67
072 G000200 12
072 H000200 0
072 I000200 0
072 J000200 1
072 K000200 0
072 L000200 1
072 M000200 0
072 N000200 1
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 2
072 S000200 0
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 0
072 X000200 84
072 Y000200 0
072 Z000200 64
072AA000200 780
072BB000200 0
072CC010200 3073
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
<PAGE> PAGE 14
073 C000200 0.0000
074 A000200 2
074 B000200 0
074 C000200 7485
074 D000200 0
074 E000200 0
074 F000200 40948
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 413
074 M000200 0
074 N000200 48848
074 O000200 192
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 60
074 S000200 0
074 T000200 48596
074 U010200 4011
074 U020200 0
074 V010200 12.12
074 V020200 0.00
074 W000200 0.0000
074 X000200 4
074 Y000200 199
075 A000200 0
075 B000200 22870
076 000200 0.00
015 A000301 MELLON BANK, N.A.
015 B000301 C
015 C010301 PITTSBURGH
015 C020301 PA
015 C030301 15258
015 E010301 X
024 000300 Y
025 A000301 AMERICAN EXPRESS
025 C000301 E
025 D000301 1630
025 A000302 AMERICAN GENERAL CORP.
025 C000302 E
025 D000302 735
025 A000303 FRANKLIN RESOURCES, INC.
025 C000303 E
025 D000303 400
025 A000304 LEHMAN BROTHERS
<PAGE> PAGE 15
025 C000304 E
025 D000304 411
025 A000305 MERRILL LYNCH
025 C000305 E
025 D000305 1577
025 A000306 MORGAN STANLEY DEAN WITTER
025 C000306 E
025 D000306 2806
025 A000307 PROVIDIAN FINANCIAL
025 C000307 E
025 D000307 236
025 A000308 CHARLES SCHWAB
025 C000308 E
025 D000308 213
025 A000309 TRANSAMERICA CORP.
025 C000309 E
025 D000309 161
025 A000310 TRAVELERS GROUP
025 C000310 E
025 D000310 2937
025 D000311 0
025 D000312 0
025 D000313 0
025 D000314 0
025 D000315 0
025 D000316 0
028 A010300 20119
028 A020300 0
028 A030300 0
028 A040300 255
028 B010300 18572
028 B020300 0
028 B030300 0
028 B040300 1453
028 C010300 17604
028 C020300 0
028 C030300 0
028 C040300 1
028 D010300 26940
028 D020300 0
028 D030300 0
028 D040300 940
028 E010300 18240
028 E020300 0
028 E030300 0
028 E040300 2271
028 F010300 19226
028 F020300 1626
028 F030300 0
028 F040300 915
028 G010300 120701
<PAGE> PAGE 16
028 G020300 1626
028 G030300 0
028 G040300 5835
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.350
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 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
066 A000300 Y
<PAGE> PAGE 17
066 B000300 N
066 C000300 N
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 Y
067 000300 N
068 A000300 N
068 B000300 N
069 000300 Y
070 A010300 Y
070 A020300 N
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 Y
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 N
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300 220331
071 B000300 110182
071 C000300 202029
071 D000300 55
072 A000300 6
<PAGE> PAGE 18
072 B000300 205
072 C000300 1433
072 D000300 0
072 E000300 0
072 F000300 358
072 G000300 122
072 H000300 0
072 I000300 0
072 J000300 4
072 K000300 0
072 L000300 3
072 M000300 1
072 N000300 3
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 2
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 0
072 X000300 493
072 Y000300 0
072 Z000300 1145
072AA000300 14766
072BB000300 0
072CC010300 17764
072CC020300 0
072DD010300 100
072DD020300 0
072EE000300 1526
073 A010300 0.0060
073 A020300 0.0000
073 B000300 0.0910
073 C000300 0.0000
074 A000300 1
074 B000300 0
074 C000300 12940
074 D000300 0
074 E000300 1550
074 F000300 270745
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 2110
074 K000300 0
074 L000300 1340
074 M000300 1
074 N000300 288687
074 O000300 7513
<PAGE> PAGE 19
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 117
074 S000300 0
074 T000300 281057
074 U010300 16998
074 U020300 0
074 V010300 16.54
074 V020300 0.00
074 W000300 0.0000
074 X000300 4
074 Y000300 497
075 A000300 0
075 B000300 208749
076 000300 0.00
015 A000401 MELLON BANK, N.A.
015 B000401 C
015 C010401 PITTSBURGH
015 C020401 PA
015 C030401 15258
015 E010401 X
024 000400 N
028 A010400 9820
028 A020400 0
028 A030400 0
028 A040400 87
028 B010400 11936
028 B020400 0
028 B030400 0
028 B040400 3436
028 C010400 8447
028 C020400 0
028 C030400 0
028 C040400 1186
028 D010400 14848
028 D020400 0
028 D030400 0
028 D040400 10
028 E010400 7023
028 E020400 0
028 E030400 0
028 E040400 974
028 F010400 9385
028 F020400 255
028 F030400 0
028 F040400 16
028 G010400 61459
028 G020400 255
<PAGE> PAGE 20
028 G030400 0
028 G040400 5709
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.750
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 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
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 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 0.0
066 A000400 Y
066 B000400 N
<PAGE> PAGE 21
066 C000400 N
066 D000400 Y
066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 Y
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 N
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 N
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400 85218
071 B000400 40395
071 C000400 40659
071 D000400 99
072 A000400 6
072 B000400 216
<PAGE> PAGE 22
072 C000400 203
072 D000400 0
072 E000400 0
072 F000400 180
072 G000400 28
072 H000400 0
072 I000400 0
072 J000400 3
072 K000400 0
072 L000400 1
072 M000400 0
072 N000400 1
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 2
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 0
072 X000400 215
072 Y000400 0
072 Z000400 204
072AA000400 1282
072BB000400 0
072CC010400 0
072CC020400 138
072DD010400 25
072DD020400 0
072EE000400 230
073 A010400 0.0050
073 A020400 0.0000
073 B000400 0.0430
073 C000400 0.0000
074 A000400 6
074 B000400 0
074 C000400 13098
074 D000400 0
074 E000400 0
074 F000400 61329
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 2651
074 K000400 0
074 L000400 158
074 M000400 0
074 N000400 77242
074 O000400 1988
074 P000400 0
<PAGE> PAGE 23
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 54
074 S000400 0
074 T000400 75200
074 U010400 5516
074 U020400 0
074 V010400 13.63
074 V020400 0.00
074 W000400 0.0000
074 X000400 3
074 Y000400 298
075 A000400 0
075 B000400 49053
076 000400 0.00
015 A000501 MELLON BANK, N.A.
015 B000501 C
015 C010501 PITTSBURGH
015 C020501 PA
015 C030501 15258
015 E010501 X
024 000500 N
028 A010500 0
028 A020500 0
028 A030500 0
028 A040500 0
028 B010500 0
028 B020500 0
028 B030500 0
028 B040500 0
028 C010500 0
028 C020500 0
028 C030500 0
028 C040500 0
028 D010500 0
028 D020500 0
028 D030500 0
028 D040500 0
028 E010500 101
028 E020500 0
028 E030500 0
028 E040500 1
028 F010500 266
028 F020500 2
028 F030500 0
028 F040500 43
028 G010500 367
028 G020500 2
028 G030500 0
<PAGE> PAGE 24
028 G040500 44
028 H000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.650
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 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 6.3
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 89.3
062 Q000500 0.0
062 R000500 4.8
063 A000500 0
063 B000500 8.2
064 A000500 N
064 B000500 N
066 A000500 N
<PAGE> PAGE 25
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 N
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500 10192
071 B000500 9914
071 C000500 10265
071 D000500 97
072 A000500 6
072 B000500 517
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 34
072 G000500 7
<PAGE> PAGE 26
072 H000500 0
072 I000500 0
072 J000500 1
072 K000500 0
072 L000500 1
072 M000500 0
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 2
072 S000500 0
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 0
072 X000500 45
072 Y000500 2
072 Z000500 474
072AA000500 228
072BB000500 0
072CC010500 15
072CC020500 0
072DD010500 50
072DD020500 0
072EE000500 21
073 A010500 0.0490
073 A020500 0.0000
073 B000500 0.0200
073 C000500 0.0000
074 A000500 1
074 B000500 0
074 C000500 697
074 D000500 9882
074 E000500 535
074 F000500 4
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 224
074 K000500 0
074 L000500 165
074 M000500 0
074 N000500 11508
074 O000500 424
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 15
<PAGE> PAGE 27
074 S000500 0
074 T000500 11069
074 U010500 1030
074 U020500 0
074 V010500 10.75
074 V020500 0.00
074 W000500 0.0000
074 X000500 3
074 Y000500 548
075 A000500 0
075 B000500 10701
076 000500 0.00
015 A000601 MELLON BANK, N.A.
015 B000601 C
015 C010601 PITTSBURGH
015 C020601 PA
015 C030601 15258
015 E010601 X
024 000600 Y
025 A000601 CHASE MANHATTAN CORP.
025 C000601 D
025 D000601 211
025 A000602 PAINE WEBBER GROUP
025 C000602 D
025 D000602 306
025 A000603 SALOMON SMITH BARNEY
025 C000603 D
025 D000603 255
025 A000604 TRAVELERS GROUP
025 C000604 D
025 D000604 261
025 D000605 0
025 D000606 0
025 D000607 0
025 D000608 0
028 A010600 0
028 A020600 0
028 A030600 0
028 A040600 0
028 B010600 0
028 B020600 0
028 B030600 0
028 B040600 0
028 C010600 0
028 C020600 0
028 C030600 0
028 C040600 0
028 D010600 0
028 D020600 0
028 D030600 0
028 D040600 0
<PAGE> PAGE 28
028 E010600 7
028 E020600 0
028 E030600 0
028 E040600 0
028 F010600 117
028 F020600 1
028 F030600 0
028 F040600 1
028 G010600 124
028 G020600 1
028 G030600 0
028 G040600 1
028 H000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.300
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 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 4.2
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
<PAGE> PAGE 29
062 M000600 24.6
062 N000600 26.8
062 O000600 0.0
062 P000600 43.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 0
063 B000600 7.8
064 A000600 N
064 B000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 Y
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
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 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
<PAGE> PAGE 30
071 A000600 1772
071 B000600 430
071 C000600 13942
071 D000600 3
072 A000600 6
072 B000600 471
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 23
072 G000600 9
072 H000600 0
072 I000600 0
072 J000600 1
072 K000600 0
072 L000600 1
072 M000600 0
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 2
072 S000600 0
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 0
072 X000600 36
072 Y000600 2
072 Z000600 437
072AA000600 2
072BB000600 0
072CC010600 130
072CC020600 0
072DD010600 100
072DD020600 0
072EE000600 0
073 A010600 0.0660
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 9
074 B000600 0
074 C000600 661
074 D000600 14727
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 205
<PAGE> PAGE 31
074 K000600 0
074 L000600 8
074 M000600 0
074 N000600 15610
074 O000600 0
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 8
074 S000600 0
074 T000600 15602
074 U010600 1512
074 U020600 0
074 V010600 10.32
074 V020600 0.00
074 W000600 0.0000
074 X000600 3
074 Y000600 818
075 A000600 0
075 B000600 15307
076 000600 0.00
015 A000701 MELLON BANK, N.A.
015 B000701 C
015 C010701 PITTSBURGH
015 C020701 PA
015 C030701 15258
015 E010701 X
024 000700 Y
025 A000701 EDWARDS (AG) INC.
025 C000701 E
025 D000701 60
025 A000702 PAINE WEBBER
025 C000702 E
025 D000702 90
025 A000703 T. ROWE PRICE ASSOCIATES
025 C000703 E
025 D000703 38
025 D000704 0
025 D000705 0
025 D000706 0
025 D000707 0
025 D000708 0
028 A010700 0
028 A020700 0
028 A030700 0
028 A040700 0
028 B010700 0
028 B020700 0
028 B030700 0
<PAGE> PAGE 32
028 B040700 0
028 C010700 0
028 C020700 0
028 C030700 0
028 C040700 0
028 D010700 0
028 D020700 0
028 D030700 0
028 D040700 0
028 E010700 383
028 E020700 0
028 E030700 0
028 E040700 47
028 F010700 536
028 F020700 0
028 F030700 0
028 F040700 554
028 G010700 919
028 G020700 0
028 G030700 0
028 G040700 601
028 H000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.400
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
<PAGE> PAGE 33
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 N
066 D000700 N
066 E000700 N
066 F000700 N
066 G000700 Y
067 000700 N
068 A000700 N
068 B000700 N
069 000700 Y
070 A010700 Y
070 A020700 N
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
<PAGE> PAGE 34
070 L020700 N
070 M010700 Y
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 Y
070 R020700 N
071 A000700 6631
071 B000700 6274
071 C000700 8165
071 D000700 77
072 A000700 6
072 B000700 5
072 C000700 43
072 D000700 0
072 E000700 0
072 F000700 16
072 G000700 6
072 H000700 0
072 I000700 1
072 J000700 1
072 K000700 0
072 L000700 1
072 M000700 0
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 2
072 S000700 0
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 0
072 X000700 27
072 Y000700 2
072 Z000700 23
072AA000700 491
072BB000700 0
072CC010700 226
072CC020700 0
072DD010700 0
072DD020700 0
072EE000700 0
073 A010700 0.0000
<PAGE> PAGE 35
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 1
074 B000700 0
074 C000700 193
074 D000700 0
074 E000700 0
074 F000700 8526
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 125
074 K000700 0
074 L000700 13
074 M000700 0
074 N000700 8858
074 O000700 37
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 7
074 S000700 0
074 T000700 8814
074 U010700 778
074 U020700 0
074 V010700 11.33
074 V020700 0.00
074 W000700 0.0000
074 X000700 3
074 Y000700 0
075 A000700 0
075 B000700 8383
076 000700 0.00
015 A000801 BROWN BROTHERS HARRIMAN & COMPANY
015 B000801 C
015 C010801 BOSTON
015 C020801 MA
015 C030801 02109
015 E040801 X
024 000800 Y
025 A000801 BANK OF SCOTLAND
025 C000801 E
025 D000801 129
025 A000802 BARCLAYS
025 C000802 E
025 D000802 133
025 A000803 CANADIAN IMPERIAL BANK
025 C000803 E
<PAGE> PAGE 36
025 D000803 96
025 A000804 CREDIT COMMERCIAL DE FRANCE
025 C000804 E
025 D000804 143
025 A000805 CREDIT SUISSE HOLDING REG.
025 C000805 E
025 D000805 234
025 A000806 CREDITO ITALIANO
025 C000806 E
025 D000806 208
025 A000807 DEUTSCHE PFANDBRIEF
025 C000807 E
025 D000807 168
025 A000808 NATIONAL WESTMINSTER BANK
025 C000808 E
025 D000808 134
025 A000809 PERIGRINE INVESTMENT HOLDING
025 C000809 E
025 D000809 1
025 A000810 SKANDANIVSKA ENSKILDA BANKEN
025 C000810 E
025 D000810 193
025 A000811 SVENSKA HANDELSBANKEN
025 C000811 E
025 D000811 107
025 A000812 WESTPAC BANKING CORP.
025 C000812 E
025 D000812 158
025 D000813 0
025 D000814 0
025 D000815 0
025 D000816 0
028 A010800 0
028 A020800 0
028 A030800 0
028 A040800 0
028 B010800 0
028 B020800 0
028 B030800 0
028 B040800 0
028 C010800 0
028 C020800 0
028 C030800 0
028 C040800 0
028 D010800 0
028 D020800 0
028 D030800 0
028 D040800 0
028 E010800 579
028 E020800 0
028 E030800 0
<PAGE> PAGE 37
028 E040800 55
028 F010800 1170
028 F020800 1
028 F030800 0
028 F040800 1266
028 G010800 1749
028 G020800 1
028 G030800 0
028 G040800 1321
028 H000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.850
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
<PAGE> PAGE 38
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 0
063 B000800 0.0
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 Y
069 000800 N
070 A010800 Y
070 A020800 N
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 Y
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 Y
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 Y
<PAGE> PAGE 39
070 R020800 N
071 A000800 13996
071 B000800 13853
071 C000800 17131
071 D000800 81
072 A000800 6
072 B000800 15
072 C000800 215
072 D000800 0
072 E000800 0
072 F000800 75
072 G000800 19
072 H000800 0
072 I000800 0
072 J000800 29
072 K000800 0
072 L000800 1
072 M000800 0
072 N000800 0
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 2
072 S000800 0
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 0
072 X000800 126
072 Y000800 24
072 Z000800 128
072AA000800 1263
072BB000800 0
072CC010800 1984
072CC020800 0
072DD010800 18
072DD020800 0
072EE000800 0
073 A010800 0.0110
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 769
074 B000800 0
074 C000800 99
074 D000800 0
074 E000800 491
074 F000800 17734
074 G000800 0
074 H000800 0
074 I000800 0
<PAGE> PAGE 40
074 J000800 1564
074 K000800 0
074 L000800 53
074 M000800 51
074 N000800 20761
074 O000800 1486
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 77
074 S000800 0
074 T000800 19198
074 U010800 1534
074 U020800 0
074 V010800 12.52
074 V020800 0.00
074 W000800 0.0000
074 X000800 5
074 Y000800 0
075 A000800 0
075 B000800 17724
076 000800 0.00
015 A000901 MELLON BANK, N.A.
015 B000901 C
015 C010901 PITTSBURGH
015 C020901 PA
015 C030901 15258
015 E010901 X
024 000900 Y
025 A000901 BEAR STEARNS
025 C000901 E
025 D000901 188
025 A000902 EQUITABLE CO.INC.
025 C000902 E
025 D000902 157
025 A000903 LEHMAN BROTHERS HOLDINGS INC.
025 C000903 E
025 D000903 171
025 D000904 0
025 D000905 0
025 D000906 0
025 D000907 0
025 D000908 0
028 A010900 0
028 A020900 0
028 A030900 0
028 A040900 0
028 B010900 0
028 B020900 0
<PAGE> PAGE 41
028 B030900 0
028 B040900 0
028 C010900 0
028 C020900 0
028 C030900 0
028 C040900 0
028 D010900 0
028 D020900 0
028 D030900 0
028 D040900 0
028 E010900 0
028 E020900 0
028 E030900 0
028 E040900 0
028 F010900 0
028 F020900 0
028 F030900 0
028 F040900 0
028 G010900 0
028 G020900 0
028 G030900 0
028 G040900 0
028 H000900 0
045 000900 Y
046 000900 N
047 000900 Y
048 000900 0.750
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
<PAGE> PAGE 42
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
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 N
070 B010900 Y
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
<PAGE> PAGE 43
070 L010900 Y
070 L020900 N
070 M010900 Y
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900 4308
071 B000900 4472
071 C000900 5281
071 D000900 82
072 A000900 6
072 B000900 3
072 C000900 24
072 D000900 0
072 E000900 0
072 F000900 20
072 G000900 4
072 H000900 0
072 I000900 0
072 J000900 1
072 K000900 0
072 L000900 1
072 M000900 0
072 N000900 0
072 O000900 0
072 P000900 0
072 Q000900 0
072 R000900 2
072 S000900 0
072 T000900 0
072 U000900 0
072 V000900 0
072 W000900 0
072 X000900 28
072 Y000900 2
072 Z000900 1
072AA000900 124
072BB000900 0
072CC010900 417
072CC020900 0
072DD010900 1
072DD020900 0
072EE000900 0
<PAGE> PAGE 44
073 A010900 0.0020
073 A020900 0.0000
073 B000900 0.0000
073 C000900 0.0000
074 A000900 112
074 B000900 0
074 C000900 0
074 D000900 0
074 E000900 0
074 F000900 5456
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 0
074 K000900 0
074 L000900 83
074 M000900 0
074 N000900 5651
074 O000900 19
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 7
074 S000900 0
074 T000900 5625
074 U010900 500
074 U020900 0
074 V010900 11.25
074 V020900 0.00
074 W000900 0.0000
074 X000900 3
074 Y000900 0
075 A000900 0
075 B000900 5434
076 000900 0.00
015 A001001 MELLON BANK, N.A.
015 B001001 C
015 C011001 PITTSBURGH
015 C021001 PA
015 C031001 15258
015 E011001 X
024 001000 Y
025 A001001 HOME PROPERTIES NEW YORK, INC.
025 C001001 E
025 D001001 3
025 D001002 0
025 D001003 0
025 D001004 0
025 D001005 0
<PAGE> PAGE 45
025 D001006 0
025 D001007 0
025 D001008 0
028 A011000 0
028 A021000 0
028 A031000 0
028 A041000 0
028 B011000 0
028 B021000 0
028 B031000 0
028 B041000 0
028 C011000 0
028 C021000 0
028 C031000 0
028 C041000 0
028 D011000 0
028 D021000 0
028 D031000 0
028 D041000 0
028 E011000 354
028 E021000 0
028 E031000 0
028 E041000 17
028 F011000 545
028 F021000 0
028 F031000 0
028 F041000 4
028 G011000 899
028 G021000 0
028 G031000 0
028 G041000 21
028 H001000 0
045 001000 Y
046 001000 N
047 001000 Y
048 001000 0.750
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
<PAGE> PAGE 46
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
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 N
066 D001000 N
066 E001000 Y
066 F001000 N
066 G001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 N
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
<PAGE> PAGE 47
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 N
070 L011000 Y
070 L021000 N
070 M011000 Y
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 Y
070 R021000 N
071 A001000 2339
071 B001000 1499
071 C001000 5102
071 D001000 29
072 A001000 6
072 B001000 4
072 C001000 141
072 D001000 0
072 E001000 0
072 F001000 19
072 G001000 4
072 H001000 0
072 I001000 0
072 J001000 1
072 K001000 0
072 L001000 1
072 M001000 0
072 N001000 0
072 O001000 0
072 P001000 0
072 Q001000 0
072 R001000 2
072 S001000 0
072 T001000 0
072 U001000 0
072 V001000 0
072 W001000 0
072 X001000 27
<PAGE> PAGE 48
072 Y001000 3
072 Z001000 121
072AA001000 5
072BB001000 0
072CC011000 0
072CC021000 319
072DD011000 0
072DD021000 0
072EE001000 0
073 A011000 0.0000
073 A021000 0.0000
073 B001000 0.0000
073 C001000 0.0000
074 A001000 1
074 B001000 0
074 C001000 377
074 D001000 0
074 E001000 0
074 F001000 5553
074 G001000 0
074 H001000 0
074 I001000 0
074 J001000 6
074 K001000 0
074 L001000 73
074 M001000 0
074 N001000 6010
074 O001000 166
074 P001000 0
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 7
074 S001000 0
074 T001000 5837
074 U011000 589
074 U021000 0
074 V011000 9.91
074 V021000 0.00
074 W001000 0.0000
074 X001000 4
074 Y001000 0
075 A001000 0
075 B001000 5153
076 001000 0.00
015 A001101 MELLON BANK, N.A.
015 B001101 C
015 C011101 PITTSBURGH
015 C021101 PA
015 C031101 15258
<PAGE> PAGE 49
015 E011101 X
024 001100 Y
025 A001101 AMRESCO, INC.
025 C001101 E
025 D001101 52
025 A001102 DAIN RAUSCHER
025 C001102 E
025 D001102 16
025 A001103 EATON VANCE
025 C001103 E
025 D001103 37
025 A001104 LEGG MASON
025 C001104 E
025 D001104 63
025 A001105 RAYMOND JAMES
025 C001105 E
025 D001105 64
025 D001106 0
025 D001107 0
025 D001108 0
028 A011100 0
028 A021100 0
028 A031100 0
028 A041100 0
028 B011100 0
028 B021100 0
028 B031100 0
028 B041100 0
028 C011100 0
028 C021100 0
028 C031100 0
028 C041100 0
028 D011100 0
028 D021100 0
028 D031100 0
028 D041100 0
028 E011100 369
028 E021100 0
028 E031100 0
028 E041100 51
028 F011100 654
028 F021100 0
028 F031100 0
028 F041100 506
028 G011100 1023
028 G021100 0
028 G031100 0
028 G041100 557
028 H001100 0
045 001100 Y
046 001100 N
<PAGE> PAGE 50
047 001100 Y
048 001100 0.400
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
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 N
066 D001100 N
066 E001100 N
066 F001100 N
066 G001100 Y
<PAGE> PAGE 51
067 001100 N
068 A001100 N
068 B001100 N
069 001100 Y
070 A011100 Y
070 A021100 N
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 N
070 L011100 Y
070 L021100 N
070 M011100 Y
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 Y
070 R021100 N
071 A001100 5348
071 B001100 5071
071 C001100 8053
071 D001100 63
072 A001100 6
072 B001100 6
072 C001100 32
072 D001100 0
072 E001100 0
072 F001100 16
072 G001100 6
<PAGE> PAGE 52
072 H001100 0
072 I001100 1
072 J001100 1
072 K001100 0
072 L001100 1
072 M001100 0
072 N001100 0
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 2
072 S001100 0
072 T001100 0
072 U001100 0
072 V001100 0
072 W001100 0
072 X001100 27
072 Y001100 2
072 Z001100 13
072AA001100 338
072BB001100 0
072CC011100 0
072CC021100 3
072DD011100 0
072DD021100 0
072EE001100 0
073 A011100 0.0000
073 A021100 0.0000
073 B001100 0.0000
073 C001100 0.0000
074 A001100 1
074 B001100 0
074 C001100 254
074 D001100 0
074 E001100 0
074 F001100 8285
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 133
074 K001100 0
074 L001100 26
074 M001100 0
074 N001100 8699
074 O001100 62
074 P001100 0
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 7
<PAGE> PAGE 53
074 S001100 0
074 T001100 8630
074 U011100 793
074 U021100 0
074 V011100 10.89
074 V021100 0.00
074 W001100 0.0000
074 X001100 3
074 Y001100 0
075 A001100 0
075 B001100 8289
076 001100 0.00
SIGNATURE J. SCOTT FOX
TITLE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001015965
<NAME> AETNA VARIABLE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 03
<NAME>AETNA INDEX PLUS LARGE CAP VP
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 257,441,866
<INVESTMENTS-AT-VALUE> 285,234,358
<RECEIVABLES> 3,450,318
<ASSETS-OTHER> 2,186
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 288,686,862
<PAYABLE-FOR-SECURITIES> 7,513,468
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 115,953
<TOTAL-LIABILITIES> 7,629,421
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 237,855,901
<SHARES-COMMON-STOCK> 16,997,645
<SHARES-COMMON-PRIOR> 9,453,894
<ACCUMULATED-NII-CURRENT> 1,098,228
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 14,315,797
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 27,787,515
<NET-ASSETS> 281,057,441
<DIVIDEND-INCOME> 1,432,669
<INTEREST-INCOME> 205,457
<OTHER-INCOME> 0
<EXPENSES-NET> (492,804)
<NET-INVESTMENT-INCOME> 1,145,322
<REALIZED-GAINS-CURRENT> 14,766,301
<APPREC-INCREASE-CURRENT> 17,763,544
<NET-CHANGE-FROM-OPS> 33,675,167
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (100,185)
<DISTRIBUTIONS-OF-GAINS> (1,526,157)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,818,816
NUMBER-OF-SHARES-REDEEMED> (373,839)
<SHARES-REINVESTED> 98,774
<NET-CHANGE-IN-ASSETS> 148,540,923
<ACCUMULATED-NII-PRIOR> 53,091
<ACCUMULATED-GAINS-PRIOR> 1,075,653
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 357,573
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 492,804
<AVERAGE-NET-ASSETS> 208,749,328
<PER-SHARE-NAV-BEGIN> 14.017
<PER-SHARE-NII> 0.065
<PER-SHARE-GAIN-APPREC> 2.550
<PER-SHARE-DIVIDEND> (0.006)
<PER-SHARE-DISTRIBUTIONS> (0.091)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.535
<EXPENSE-RATIO> 0.48
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001015965
<NAME> AETNA VARIABLE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 02
<NAME>AETNA GROWTH VP
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 45,167,879
<INVESTMENTS-AT-VALUE> 48,432,698
<RECEIVABLES> 413,517
<ASSETS-OTHER> 1,942
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 48,848,157
<PAYABLE-FOR-SECURITIES> 191,547
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 60,947
<TOTAL-LIABILITIES> 252,494
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 44,531,675
<SHARES-COMMON-STOCK> 4,010,794
<SHARES-COMMON-PRIOR> 605,682
<ACCUMULATED-NII-CURRENT> 63,698
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 645,164
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,355,126
<NET-ASSETS> 48,595,663
<DIVIDEND-INCOME> 50,907
<INTEREST-INCOME> 97,247
<OTHER-INCOME> 0
<EXPENSES-NET> (84,063)
<NET-INVESTMENT-INCOME> 64,091
<REALIZED-GAINS-CURRENT> 779,840
<APPREC-INCREASE-CURRENT> 3,073,075
<NET-CHANGE-FROM-OPS> 3,917,006
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,634,178
<NUMBER-OF-SHARES-REDEEMED> (229,066)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 42,631,819
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (393)
<OVERDIST-NET-GAINS-PRIOR> (134,676)
<GROSS-ADVISORY-FEES> 66,863
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 84,063
<AVERAGE-NET-ASSETS> 22,869,532
<PER-SHARE-NAV-BEGIN> 9.846
<PER-SHARE-NII> 0.017
<PER-SHARE-GAIN-APPREC> 2.253
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.116
<EXPENSE-RATIO> 0.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001015965
<NAME> AETNA VARIABLE PORTFOLIOS,INC.
<SERIES>
<NUMBER> 04
<NAME>AETNA SMALL COMPANY VP
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 73,814,584
<INVESTMENTS-AT-VALUE> 74,426,790
<RECEIVABLES> 2,809,423
<ASSETS-OTHER> 6,076
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 77,242,289
<PAYABLE-FOR-SECURITIES> 1,988,097
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 54,408
<TOTAL-LIABILITIES> 2,042,505
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 73,005,005
<SHARES-COMMON-STOCK> 5,516,259
<SHARES-COMMON-PRIOR> 1,417,551
<ACCUMULATED-NII-CURRENT> 193,634
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,235,776
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 765,369
<NET-ASSETS> 75,199,784
<DIVIDEND-INCOME> 203,160
<INTEREST-INCOME> 215,559
<OTHER-INCOME> 0
<EXPENSES-NET> (214,920)
<NET-INVESTMENT-INCOME> 203,799
<REALIZED-GAINS-CURRENT> 1,282,479
<APPREC-INCREASE-CURRENT> (138,135)
<NET-CHANGE-FROM-OPS> 1,348,143
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (24,738)
<DISTRIBUTIONS-OF-GAINS> (230,169)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,499,323
<NUMBER-OF-SHARES-REDEEMED> (419,548)
<SHARES-REINVESTED> 18,933
<NET-CHANGE-IN-ASSETS> 57,097,969
<ACCUMULATED-NII-PRIOR> 14,573
<ACCUMULATED-GAINS-PRIOR> 183,466
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 179,868
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 214,920
<AVERAGE-NET-ASSETS> 49,053,437
<PER-SHARE-NAV-BEGIN> 12.770
<PER-SHARE-NII> 0.029
<PER-SHARE-GAIN-APPREC> 0.881
<PER-SHARE-DIVIDEND> (0.005)
<PER-SHARE-DISTRIBUTIONS> (0.043)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.632
<EXPENSE-RATIO> 0.89
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001015965
<NAME> AETNA VARIABLE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 01
<NAME>AETNA VALUE OPPORTUNITY VP
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 57,057,669
<INVESTMENTS-AT-VALUE> 58,065,387
<RECEIVABLES> 50,073
<ASSETS-OTHER> 10,435
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 58,125,895
<PAYABLE-FOR-SECURITIES> 1,481,337
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49,604
<TOTAL-LIABILITIES> 1,530,941
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53,036,243
<SHARES-COMMON-STOCK> 4,258,043
<SHARES-COMMON-PRIOR> 767,619
<ACCUMULATED-NII-CURRENT> 207,023
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,343,970
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,007,718
<NET-ASSETS> 56,594,954
<DIVIDEND-INCOME> 174,250
<INTEREST-INCOME> 192,165
<OTHER-INCOME> 0
<EXPENSES-NET> (135,741)
<NET-INVESTMENT-INCOME> 230,674
<REALIZED-GAINS-CURRENT> 2,379,398
<APPREC-INCREASE-CURRENT> 598,244
<NET-CHANGE-FROM-OPS> 3,208,316
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (25,086)
<DISTRIBUTIONS-OF-GAINS> (339,496)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,703,494
<NUMBER-OF-SHARES-REDEEMED> (240,776)
<SHARES-REINVESTED> 27,706
<NET-CHANGE-IN-ASSETS> 47,448,177
<ACCUMULATED-NII-PRIOR> 1,435
<ACCUMULATED-GAINS-PRIOR> 304,068
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 109,851
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 135,741
<AVERAGE-NET-ASSETS> 37,448,522
<PER-SHARE-NAV-BEGIN> 11.916
<PER-SHARE-NII> 0.053
<PER-SHARE-GAIN-APPREC> 1.409
<PER-SHARE-DIVIDEND> (0.006)
<PER-SHARE-DISTRIBUTIONS> (0.081)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.291
<EXPENSE-RATIO> 0.74
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001015965
<NAME> AETNA VARIABLE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 09
<NAME>AETNA MID CAP VP
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 4,955,945
<INVESTMENTS-AT-VALUE> 5,455,830
<RECEIVABLES> 83,362
<ASSETS-OTHER> 112,400
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,651,592
<PAYABLE-FOR-SECURITIES> 19,253
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,116
<TOTAL-LIABILITIES> 26,369
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,000,000
<SHARES-COMMON-STOCK> 500,000
<SHARES-COMMON-PRIOR> 500,000
<ACCUMULATED-NII-CURRENT> 246
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 125,092
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 499,885
<NET-ASSETS> 5,625,223
<DIVIDEND-INCOME> 23,358
<INTEREST-INCOME> 3,239
<OTHER-INCOME> 0
<EXPENSES-NET> (25,601)
<NET-INVESTMENT-INCOME> 996
<REALIZED-GAINS-CURRENT> 124,437
<APPREC-INCREASE-CURRENT> 416,877
<NET-CHANGE-FROM-OPS> 542,310
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (750)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 541,560
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 655
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 19,985
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 28,115
<AVERAGE-NET-ASSETS> 5,434,290
<PER-SHARE-NAV-BEGIN> 10.167
<PER-SHARE-NII> 0.002
<PER-SHARE-GAIN-APPREC> 1.083
<PER-SHARE-DIVIDEND> (0.002)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.250
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001015965
<NAME> AETNA VARIABLE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 10
<NAME>AETNA REAL ESTATE SECURITIES VP
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 6,094,984
<INVESTMENTS-AT-VALUE> 5,929,875
<RECEIVABLES> 79,422
<ASSETS-OTHER> 639
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,009,936
<PAYABLE-FOR-SECURITIES> 165,701
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,033
<TOTAL-LIABILITIES> 172,734
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,878,405
<SHARES-COMMON-STOCK> 588,782
<SHARES-COMMON-PRIOR> 500,000
<ACCUMULATED-NII-CURRENT> 118,435
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,471
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (165,109)
<NET-ASSETS> 5,837,202
<DIVIDEND-INCOME> 140,667
<INTEREST-INCOME> 4,315
<OTHER-INCOME> 0
<EXPENSES-NET> (24,245)
<NET-INVESTMENT-INCOME> 120,737
<REALIZED-GAINS-CURRENT> 4,512
<APPREC-INCREASE-CURRENT> (319,363)
<NET-CHANGE-FROM-OPS> (194,114)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 90,853
NUMBER-OF-SHARES-REDEEMED> (2,071)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 684,291
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 959
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (2,302)
<GROSS-ADVISORY-FEES> 18,934
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 27,163
<AVERAGE-NET-ASSETS> 5,153,309
<PER-SHARE-NAV-BEGIN> 10.306
<PER-SHARE-NII> 0.206
<PER-SHARE-GAIN-APPREC> (0.598)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.914
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001015965
<NAME> AETNA VARIABLE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 11
<NAME>AETNA INDEX PLUS SMALL CAP VP
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 8,223,184
<INVESTMENTS-AT-VALUE> 8,539,079
<RECEIVABLES> 159,280
<ASSETS-OTHER> 613
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,698,972
<PAYABLE-FOR-SECURITIES> 62,153
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,806
<TOTAL-LIABILITIES> 68,959
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,965,615
<SHARES-COMMON-STOCK> 792,694
<SHARES-COMMON-PRIOR> 750,000
<ACCUMULATED-NII-CURRENT> 10,601
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 337,902
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 315,895
<NET-ASSETS> 8,630,013
<DIVIDEND-INCOME> 31,700
<INTEREST-INCOME> 5,536
<OTHER-INCOME> 0
<EXPENSES-NET> (24,671)
<NET-INVESTMENT-INCOME> 12,565
<REALIZED-GAINS-CURRENT> 337,902
<APPREC-INCREASE-CURRENT> (3,330)
<NET-CHANGE-FROM-OPS> 347,137
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 94,421
NUMBER-OF-SHARES-REDEEMED> (51,727)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 812,752
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (1,964)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 16,263
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 26,651
<AVERAGE-NET-ASSETS> 8,289,473
<PER-SHARE-NAV-BEGIN> 10.423
<PER-SHARE-NII> 0.013
<PER-SHARE-GAIN-APPREC> 0.451
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.887
<EXPENSE-RATIO> 0.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001015965
<NAME> AETNA VARIABLE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 07
<NAME>AETNA INDEX PLUS MID CAP VP
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 8,236,201
<INVESTMENTS-AT-VALUE> 8,719,196
<RECEIVABLES> 137,777
<ASSETS-OTHER> 688
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,857,661
<PAYABLE-FOR-SECURITIES> 36,619
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,932
<TOTAL-LIABILITIES> 43,551
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,817,350
<SHARES-COMMON-STOCK> 777,856
<SHARES-COMMON-PRIOR> 750,000
<ACCUMULATED-NII-CURRENT> 22,644
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 491,121
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 482,995
<NET-ASSETS> 8,814,110
<DIVIDEND-INCOME> 43,297
<INTEREST-INCOME> 5,145
<OTHER-INCOME> 0
<EXPENSES-NET> (24,950)
<NET-INVESTMENT-INCOME> 23,492
<REALIZED-GAINS-CURRENT> 491,121
<APPREC-INCREASE-CURRENT> 225,753
<NET-CHANGE-FROM-OPS> 740,366
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 81,398
NUMBER-OF-SHARES-REDEEMED> (53,542)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,057,716
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (848)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 16,450
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 26,866
<AVERAGE-NET-ASSETS> 8,383,283
<PER-SHARE-NAV-BEGIN> 10.342
<PER-SHARE-NII> 0.029
<PER-SHARE-GAIN-APPREC> 0.960
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.331
<EXPENSE-RATIO> 0.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001015965
<NAME> AETNA VARIABLE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 06
<NAME>AETNA INDEX PLUS BOND VP
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 15,250,145
<INVESTMENTS-AT-VALUE> 15,388,359
<RECEIVABLES> 213,092
<ASSETS-OTHER> 8,810
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 15,610,261
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8,388
<TOTAL-LIABILITIES> 8,388
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15,124,105
<SHARES-COMMON-STOCK> 1,511,998
<SHARES-COMMON-PRIOR> 1,500,000
<ACCUMULATED-NII-CURRENT> 337,389
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,165
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 138,214
<NET-ASSETS> 15,601,873
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 470,805
<OTHER-INCOME> 0
<EXPENSES-NET> (34,144)
<NET-INVESTMENT-INCOME> 436,661
<REALIZED-GAINS-CURRENT> 2,165
<APPREC-INCREASE-CURRENT> 130,139
<NET-CHANGE-FROM-OPS> 568,965
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (100,071)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,011
NUMBER-OF-SHARES-REDEEMED> (73)
<SHARES-REINVESTED> 60
<NET-CHANGE-IN-ASSETS> 592,999
<ACCUMULATED-NII-PRIOR> 799
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 22,516
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 36,188
<AVERAGE-NET-ASSETS> 15,306,670
<PER-SHARE-NAV-BEGIN> 10.006
<PER-SHARE-NII> 0.289
<PER-SHARE-GAIN-APPREC> 0.090
<PER-SHARE-DIVIDEND> (0.066)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.319
<EXPENSE-RATIO> 0.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001015965
<NAME> AETNA VARIABLE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 05
<NAME>AETNA HIGH YIELD VP
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 11,025,767
<INVESTMENTS-AT-VALUE> 11,118,102
<RECEIVABLES> 388,791
<ASSETS-OTHER> 614
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11,507,507
<PAYABLE-FOR-SECURITIES> 424,488
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13,772
<TOTAL-LIABILITIES> 438,260
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10,324,625
<SHARES-COMMON-STOCK> 1,030,010
<SHARES-COMMON-PRIOR> 1,000,000
<ACCUMULATED-NII-CURRENT> 474,417
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 177,870
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 92,335
<NET-ASSETS> 11,069,247
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 516,845
<OTHER-INCOME> 0
<EXPENSES-NET> (42,428)
<NET-INVESTMENT-INCOME> 474,417
<REALIZED-GAINS-CURRENT> 227,931
<APPREC-INCREASE-CURRENT> 14,804
<NET-CHANGE-FROM-OPS> 717,152
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (49,968)
<DISTRIBUTIONS-OF-GAINS> (20,974)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 33,938
NUMBER-OF-SHARES-REDEEMED> (4,109)
<SHARES-REINVESTED> 181
<NET-CHANGE-IN-ASSETS> 970,835
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 20,881
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 34,105
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 45,187
<AVERAGE-NET-ASSETS> 10,701,286
<PER-SHARE-NAV-BEGIN> 10.098
<PER-SHARE-NII> 0.509
<PER-SHARE-GAIN-APPREC> 0.209
<PER-SHARE-DIVIDEND> (0.049)
<PER-SHARE-DISTRIBUTIONS> (0.020)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.747
<EXPENSE-RATIO> 0.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001015965
<NAME> AETNA VARIABLE PORTFOLIOS, INC.
<SERIES>
<NUMBER> 08
<NAME>AETNA INTERNATIONAL VP
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 15,934,483
<INVESTMENTS-AT-VALUE> 18,324,170
<RECEIVABLES> 1,616,845
<ASSETS-OTHER> 819,997
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20,761,012
<PAYABLE-FOR-SECURITIES> 1,486,405
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 76,471
<TOTAL-LIABILITIES> 1,562,876
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15,429,208
<SHARES-COMMON-STOCK> 1,533,954
<SHARES-COMMON-PRIOR> 1,500,000
<ACCUMULATED-NII-CURRENT> 119,107
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,248,048
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,401,773
<NET-ASSETS> 19,198,136
<DIVIDEND-INCOME> 215,119
<INTEREST-INCOME> 14,857
<OTHER-INCOME> 0
<EXPENSES-NET> (101,546)
<NET-INVESTMENT-INCOME> 128,430
<REALIZED-GAINS-CURRENT> 1,262,984
<APPREC-INCREASE-CURRENT> 1,983,833
<NET-CHANGE-FROM-OPS> 3,375,247
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (17,927)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 140,325
NUMBER-OF-SHARES-REDEEMED> (106,473)
<SHARES-REINVESTED> 102
<NET-CHANGE-IN-ASSETS> 3,786,528
<ACCUMULATED-NII-PRIOR> 8,604
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (14,936)
<GROSS-ADVISORY-FEES> 74,708
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 126,418
<AVERAGE-NET-ASSETS> 15,160,867
<PER-SHARE-NAV-BEGIN> 10.274
<PER-SHARE-NII> 0.089
<PER-SHARE-GAIN-APPREC> 2.163
<PER-SHARE-DIVIDEND> (0.011)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.515
<EXPENSE-RATIO> 1.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
Sub-Item 77D - Policies With Respect to
Security Investments
Y
Portfolio Turnover
Portfolio turnover refers to the frequency
of portfolio transactions and the percentage
of portfolio assets being bought and sold
in the aggregate during the year. Although
Aeltus does not purchase securities with
the intention of profiting from short-term
trading, Aeltus buys and sells securities
on behalf of the Portfolios whenever Aeltus
believes such action is appropriate.
Turnover rates for each of the Portfolios
in excess of 100% may result in higher
transaction costs (which are borne directly
by th
The average annual turnover rate of each of
Real Estate, Mid Cap, International, Index
Plus Mid Cap, Index Plus Small Cap, and
Index Plus Bond is not expected to exceed
175%. The average annual turnover rate of
High Yield is not expected to exceed 250%.
1
2ELV49.doc
Aetna Variable Portfolios, Inc.
EXHIBIT
77Q1(a) - Articles of Amendment
(April 6, 1998)
Incorporated herein by reference to
Post-Effective Amendment No. 4 to
Registration Statement on Form N-1A,
(File No. 333-05173), as filed
electronically with the Securities and
Exchange Commission on April 27, 1998
(Accession No. 0000950146-98-000686).
77Q1(e) - Investment Advisory Agreement
(May 1, 1998):
Incorporated herein by reference to
Post-Effective Amendment No. 3 to
Registration Statement on Form N-1A,
(File No. 333-05173), as filed
electronically with the Securities
and Exchange Commission on February
26, 1998 (Accession No.
0000950146-98-000289).
6
2elv47.doc