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<PAGE> PAGE 3
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<PAGE> PAGE 6
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<PAGE> PAGE 8
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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SIGNATURE MARY JANE MALONEY
TITLE MANAGER
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<CIK> 0001024923
<NAME> PACIFIC INNOVATIONS TRUST
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<NAME> PACIFIC INNOVATIONS TRUST
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<CIK> 0001024923
<NAME> PACIFIC INNOVATIONS TRUST
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<CIK> 0001024923
<NAME> PACIFIC INNOVATIONS TRUST
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<NAME> AGGRESSIVE GROWTH FUND
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<CIK> 0001024923
<NAME> PACIFIC INNOVATIONS TRUST
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