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Previous: PFL ENDEAVOR TARGET ACCOUNT, N-30D, 1999-02-26 |
Next: GOLDMAN SACHS VARIABLE INSURANCE TRUST, N-30D, 1999-02-26 |
<PAGE>
Explanatory Note
We are filing this amendment to include the Report of Independent Auditors as an
exhibit.
<PAGE>
FORM N-SAR
ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: ____/____/____ (a)
or fiscal year ending: 12 / 31 / 98 (b)
---------------------
Is this a transition report? (Y/N) No
------------
Is this an amendment to a previous filing? (Y/N) No
--------
Those items or sub-items with a box "[ ]" after the item number should be
completed only if the answer has changed from the previous filing on this form.
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
1. A. Registrant Name: PFL Endeavor Target Account
B. File Number: 811-08377
C. Telephone Number: 800-525-6205
2. A. Street: 4333 Edgewood Road NE
B. City: Cedar Rapids C. State: IA D. Zip Code: 52499 Zip Ext: 0001
E. Foreign Country: Foreign Postal Code:
3. Is this the first filing on this form by Registrant? (Y/N) Y
-
4. Is this the last filing on this form by Registrant? (Y/N) N
-
5. Is Registrant a small business investment company (SBIC)? (Y/N) N
-
[If answer is "Y" (Yes), complete only items 89 through 110.]
6. Is Registrant a unit investment trust (UIT)? (Y/N) N
-
[If answer if "Y" (Yes), complete only items 111 through 132.]
7. A. Is Registrant a series or multiple portfolio company? (Y/N) Y
-
[If answer is "N" (No), go to item 8.]
B. How many separate series or portfolios did Registrant have at the end of
the period? 2
-
</TABLE>
01
<PAGE>
If filing more than one
Page 2, "X" box: [ ]
For period ending 12/31/98
-----------
File number 811- 08377
------
C. List the name of each series or portfolio and give a consecutive number to
each series or portfolio starting with the number 1. USE THIS SAME NUMERICAL
DESIGNATION FOR EACH SERIES OR PORTFOLIO IN THE SERIES INFORMATION BLOCK IN
THE TOP RIGHT CORNER OF THE SCREENS SUBMITTED IN THE FILING AND IN ALL
SUBSEQUENT FILINGS ON THIS FORM. CORNER OF THE SCREENS SUBMITTED IN THE
FILING AND IN ALL SUBSEQUENT FILINGS ON THIS FORM. THIS INFORMATION IS
REQUIRED EACH TIME THE FORM IS FILED.
<TABLE>
<CAPTION>
Is this the
Series last filing
Number Series Name for this series?
- ------ ------------------------------------------------ ---------------
<S> <C> <C>
1 The Dow Target 5 (July Series) N
2 The Dow Target 10 (July Series) N
</TABLE>
(NOTE: See item D(8) of the general instructions to the form for information on
how to complete the form for series companies)
02
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:__________
If filing more than one
Page 3, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
------
8. A. [ ] Adviser Name (If any): Endeavor Investment Advisers
---------------------------------
B. [ ] Is this an Adviser or a Sub-Adviser? (A or S): A
-----------
C. [ ] File Number: 801 - 41827
---------------------------------------------
D. [ ] City: Corona Del Mar State: CA Zip Code: 92660 Zip Ext.:
---------------- ------------ ----- ----
Foreign Country: ___________________ Foreign Postal Code: _______
8. A. [ ] Adviser Name (If any): First Trust Advisers L.P.
-------------------------------
B. [ ] Is this an Adviser or a Sub-Adviser? (A or S): S
---------
C. [ ] File Number: 801 - 39950
-------
D. [ ] City: Lisle State: IL Zip Code: 60532 Zip Ext.:____
------------------- --- -----
Foreign Country: _________________ Foreign Postal Code:_________
8. A. [ ] Adviser Name (If any): ________________________________________
B. [ ] Is this an Adviser or a Sub-Adviser? (A or S): _____________
C. [ ] File Number: 801 - _______________________
D. [ ] City: ________________ State: ____ Zip Code: _____ Zip Ext.:____
Foreign Country: _________________ Foreign Postal Code: ________
THE NEXT ITEM NUMBER IS 10.
03
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:__________
If filing more than one
Page 4, "X" box: [ ]
For period ending 12/31/98
------------------------------------
File number 811- 08377
---------------------------------------
ADMINISTRATOR
<TABLE>
<S> <C>
10. A. [ ] Administrator Name (If any): First Data Investor Services Group, Inc.
----------------------------------------------
B. [ ] File Number (If any): _______________________
C. [ ] City: Westborough State: MA Zip Code: 01581 Zip Ext.:
------------ --- ------ ----
Foreign Country: ________________ Foreign Postal Code: ___________
10. A. [ ] Administrator Name (If any):
______________________________________
B. [ ] File Number (If any): _______________________
C. [ ] City: ________________ State: ___ Zip Code: _____ Zip Ext.:____
Foreign Country: ____________________ Foreign Postal Code: ______
10. A. [ ] Administrator Name (If any):
______________________________________
B. [ ] File Number (If any): _______________________
C. [ ] City: ________________ State: ___ Zip Code: _____ Zip Ext.:____
Foreign Country: ____________________ Foreign Postal Code: ______
10. A. [ ] Administrator Name (If any):
______________________________________
B. [ ] File Number (If any): _______________________
C. [ ] City: ________________ State: ___ Zip Code: _____ Zip Ext.:____
Foreign Country: ____________________ Foreign Postal Code: ______
</TABLE>
04
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:__________
If filing more than one
Page 5, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
PRINCIPAL UNDERWRITER
11. A. [ ] Underwriter Name (If any): AFSG Securities Corporation
----------------------------
B. [ ] File Number: 8- 36562
--------
C. [ ] City: Cedar Rapids State: IA Zip Code: 52499 Zip Ext.: 0001
------------ ---- ----- ----
Foreign Country: __________________ Foreign Postal Code: ____________
11. A. [ ] Underwriter Name (If any):
______________________________________
B. [ ] File Number (If any): _______________________
C. [ ] City: ________________ State: ___ Zip Code: _____ Zip Ext.:____
Foreign Country: ____________________ Foreign Postal Code: ______
11. A. [ ] Underwriter Name (If any):
______________________________________
B. [ ] File Number (If any): _______________________
C. [ ] City: ________________ State: ___ Zip Code: _____ Zip Ext.:____
Foreign Country: ____________________ Foreign Postal Code: ______
11. A. [ ] Underwriter Name (If any):
______________________________________
B. [ ] File Number (If any): _______________________
C. [ ] City: ________________ State: ___ Zip Code: _____ Zip Ext.:____
Foreign Country: ____________________ Foreign Postal Code: ______
05
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:__________
If filing more than one
Page 6, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
SHAREHOLDER SERVICING AGENT
12. A. [ ] Agent Name (If any): First Data Investor Services Group, Inc.
-------------------------------------------
B. [ ] File Number (If any): _______________________
C. [ ] City: Westborough State: MA Zip Code: 01581 Zip Ext.:
------------- --- ------ _____
12. A. [ ] Agent Name (If any):
______________________________________
B. [ ] File Number (If any): _______________________
C. [ ] City: ________________ State: ___ Zip Code: _____ Zip Ext.:____
Foreign Country: ____________________ Foreign Postal Code: ______
12. A. [ ] Agent Name (If any):
______________________________________
B. [ ] File Number (If any): _______________________
C. [ ] City: ________________ State: ___ Zip Code: _____ Zip Ext.:____
Foreign Country: ____________________ Foreign Postal Code: ______
12. A. [ ] Agent Name (If any):
______________________________________
B. [ ] File Number (If any): _______________________
C. [ ] City: ________________ State: ___ Zip Code: _____ Zip Ext.:____
Foreign Country: ____________________ Foreign Postal Code: ______
06
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:__________
If filing more than one
Page 7, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
INDEPENDENT PUBLIC ACCOUNTANT
13. A. [ ] Accountant Name (If any): Ernst & Young, LLP
---------------------
B. [ ] City: Des Moines State: IA Zip Code: 50309 Zip Ext.: 2764
------------ -- ------- ----
C. [ ] Foreign Country: ___________________ Foreign Postal Code: ________
13. A. [ ] Accountant Name (If any):
______________________________________
B. [ ] File Number (If any): _______________________
C. [ ] City: ________________ State: ___ Zip Code: _____ Zip Ext.:____
Foreign Country: ____________________ Foreign Postal Code: ______
13. A. [ ] Accountant Name (If any):
______________________________________
B. [ ] File Number (If any): _______________________
C. [ ] City: ________________ State: ___ Zip Code: _____ Zip Ext.:____
Foreign Country: ____________________ Foreign Postal Code: ______
13. A. [ ] Accountant Name (If any):
______________________________________
B. [ ] File Number (If any): _______________________
C. [ ] City: ________________ State: ___ Zip Code: _____ Zip Ext.:____
Foreign Country: ____________________ Foreign Postal Code: ______
07
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:__________
If filing more than one
Page 8, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
AFFILIATED BROKER/DEALER
14. A. [ ] Broker/Dealer Name (If any): AFSG Securities Corporation
------------------------------
B. [ ] File Number: 8 - 36532
-------
14. A. [ ] Broker/Dealer Name (If any): Zahorik Company, Inc.
------------------------
B. [ ] File Number: 8 - 8580
---------
14. A. [ ] Broker/Dealer Name (If any): Intersecurities, Inc.
-----------------------
B. [ ] File Number: 8 - 3633429
---------
<TABLE>
<S> <C>
14. A. [ ] Broker/Dealer Name (If any): Diversified Investors Securities Corp.
----------------------------------------
B. [ ] File Number: 8 - 45671
-------
14. A. [ ] Broker/Dealer Name (If any): ___
B. [ ] File Number: 8 -
</TABLE>
08
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:__________
If filing more than one
Page 9, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
CUSTODIAN/SUB-CUSTODIAN
<TABLE>
<S> <C>
15. A. [ ] Custodian/Sub-custodian Name: Boston Safe Deposit and Trust Company
---------------------------------------
B. [ ] Is this a Custodian or Sub-custodian? (C or S): C
----------------------------------------------
C. [ ] City: Medford State: MA Zip Code: 01255 Zip Ext.
----------- --- ------ ------
D. [ ] Foreign Country: ________________________ Foreign Postal Code:
_____________________
E. [ ] Mark one of the following with an "X":
</TABLE>
TYPE OF CUSTODY
<TABLE>
<CAPTION>
Member Nat'l Foreign Insurance Co.
<S> <C> <C> <C> <C> <C>
Bank Sec. Exchg. Self Custodian Sponsor
Sec. 17(f)(1) Rule 17f-1 Rule 17f-2 Rule 17f-5 Rule 26a-2 Other
- --------------- ------------ ---------- ---------- ------------- -----
X
</TABLE>
THE NEXT ITEM NUMBER IS 18
SCREEN NUMBER: 09
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C>
18. Does Registrant's/Series' custodian(s) maintain some or all of
Registrant's/Series' securities in a central depository or book-entry system
pursuant to Rule 17f-4? (Y/N) Y
---
Y/N
19. Family of investment companies information:
A. [ ] Is Registrant part of a family of investment companies? (Y/N) Y
---
Y/N
</TABLE>
B. [ ] If "Y" (Yes), state the number of registered management investment
companies in the family: 2
-------
(NOTE: Count as a separate company each series of a series company
and each portfolio of a multiple portfolio company; exclude all
series of unit investment trusts from this number)
C. [ ] Identify the family using 10 letters: E N D T A R G E T S (NOTE: In
filing this form, use this identification consistently for all
investment companies in the family including any unit investment
trusts. This designation is for purposes of this form only.)
09
<PAGE>
If filing more than one
Page 10, "X" box: [ ]
For period ending 12/31/98
-----------
File number 811- 08377
-------
PORTFOLIO TRANSACTIONS
20. Brokerage commissions paid on portfolio transactions of Registrant:
List the 10 brokers which received the largest amount of brokerage
commissions (excluding dealer concessions in underwritings) by virtue of
direct or indirect participation in Registrant's portfolio transactions,
set forth in order of size of gross commissions during the current
reporting period:
Gross Commissions
Name of Broker IRS Number Received from Registrant*
- --------------------------- ---------- ------------------------
($000's omitted)
Donaldson, Lufkin & Jenrette 13-2741729 13
________________________________________________________________________________
21. Aggregate brokerage commissions paid by Registrant
during current reporting period ($000's omitted): $ 13 *
-------
*Value must be numeric, using no decimals.
10
<PAGE>
If filing more than one
Page 11, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 80377
-------
22. Registrant's portfolio transactions with entities acting as principals:
List the 10 entities acting as principals with whom Registrant did the
largest amount of portfolio transactions (including all short-term
obligations, and U.S. Gov't & tax-free securities) in both the secondary
market & in underwritten offerings set forth in order of size based upon
total value of principal transactions during the current reporting period:
(FOR SERIES COMPANIES, ITEMS 22 & 23 MUST BE ANSWERED IN TOTAL FOR ALL
SERIES)
Registrant sales
Registrant (excl. maturing
Name of Entity IRS Number Purchases* securities)*
- ------------------- ---------- -------------- ----------------
($000's omitted)
None
________________________________________________________________________________
23. Aggregate principal purchase/sale transactions of Registrant during current
reporting period ($000's omitted):
$ 0 $ 0
-------------- ----------
Total Purchases Total Sales*
*Value must be numeric, using no decimals.
11
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:__________
If filing more than one
Page 12, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
24. At the end of the current period, did the Registrant/Series hold any
securities of its regular brokers or dealers or of the parents of such
brokers or dealers that derive more than 15% of gross revenue from
securities-related activities? (Y/N) N
-----
[If answer is "N" (No), go to item 26.]
SCREEN NUMBER: 13
- --------------------------------------------------------------------------------
25. List below the information requested about Registrant's/Series' holdings
of the securities of its regular brokers or dealers or of their parents
that derive more than 15% of gross revenues from securities-related
activities:
<TABLE>
<CAPTION>
Type of Value of any
Security Securities owned
Name of Regular Broker Owned At end of
Or IRS D = debt Current period
Dealer of Parent (Issuer) Number E = equity ($000's omitted)
- ------------------------------ --------------- --------------------- -----------------------------
<S> <C> <C> <C>
</TABLE>
12
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:__________
If filing more than one
Page 13, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
26. [ ] Consideration which affected the participation of brokers or dealers or
other entities in commissions or other compensation paid on portfolio
transactions of Registrant:
(FOR SERIES COMPANIES THIS ITEM IS TO BE ANSWERED IN TOTAL FOR ALL SERIES)
Answer each of the following with "Y" or "N".
<TABLE>
<CAPTION>
Y/N
----
<S> <C> <C>
A. Sales of registrant's/Series' shares _______________________________ Y
-
B. Receipt of investment research and statistical information _________ N
-
C. Receipt of quotations for portfolio valuations _____________________ N
-
D. Ability to execute portfolio transactions to obtain
best price and execution____________________________________________ Y
-
E. Receipt of telephone line and wire services ________________________ N
-
F. Broker or dealer which is an affiliated person _____________________ N
-
G. Arrangement to return or credit part of all of
commissions or profits thereon: ______________________________________ Y
-
(i) To investment adviser, principal underwriter, or
an affiliated person of either __________________________________ N
-
(ii) To Registrant ____________________________________________ N
-
H. Other ____________________________________________________ N
-
SCREEN NUMBER: 15
27. [ ] Is Registrant/Series an open-end investment company? (Y/N) Y
-
</TABLE>
[If answer is "N" (No), go to item 45.]
13
<PAGE>
Series Information Block
This page being filed for
All Series: [ ]
Series No.: 1
---
If filing more than one
Page 14, "X" box: [x]
For period ending 12/31/98
----------
File number 811- 08377
-------
28. Monthly sales and repurchases of Registrant's/Series' shares:
<TABLE>
<CAPTION>
Total NAV Total NAV Total NAV
of Shares of Shares Total NAV of Shares
Sold: Sold: Reinv. of Shares Redeemed and
New Sales (Incl. Of Dividends & Sold: Repurchased
Month of Exchanges) Distributions Other (Incl. Exchanges)
Current Period (000's omitted) (000's omitted) (000's omitted) (000's omitted)
- ----------------------- ------------------ ----------------- ------------------ ------------------
<S> <C> <C> <C> <C>
A. First Month of $ 1,847 $0 $0 $ 1
Period ------- -- -- ----
B. Second Month of $ 1,865 $0 $0 $ 57
Period ------- -- -- ----
C. Third Month of $ 2,027 $0 $0 $ 47
Period ------- -- -- ----
D. Fourth Month of $ 2,837 $0 $0 $ 98
Period ------- -- -- ----
E. Fifth Month of $ 2,415 $0 $0 $ 31
Period ------- -- -- ----
F. Sixth Month of $ 2,507 $0 $0 $235
Period ------- -- -- ----
G. Total $13,498 $0 $0 $469
======= == == ====
</TABLE>
H. Total NAV of Registrant's/Series' share sales during the
Period subject to a sales load ($000's omitted) $0
---
14
Series Information Block
This page being filed for
All Series: [ ]
Series No.: 2
---
If filing more than one
Page 14, "X" box: [x]
For period ending 12/31/98
----------
File number 811- 08377
-------
28. Monthly sales and repurchases of Registrant's/Series' shares:
<TABLE>
<CAPTION>
Total NAV Total NAV Total NAV
of Shares of Shares Total NAV of Shares
Sold: Sold: Reinv. of Shares Redeemed and
New Sales (Incl. Of Dividends & Sold: Repurchased
Month of Exchanges) Distributions Other (Incl. Exchanges)
Current Period (000's omitted) (000's omitted) (000's omitted) (000's omitted)
- ----------------------- ------------------ ----------------- ------------------ ------------------
<S> <C> <C> <C> <C>
A. First Month of $ 1,024 $0 $0 $ 1
Period ------- -- -- ----
B. Second Month of $ 2,053 $0 $0 $ 42
Period ------- -- -- ----
C. Third Month of $ 1,738 $0 $0 $ 76
Period ------- -- -- ----
D. Fourth Month of $ 1,905 $0 $0 $ 26
Period ------- -- -- ----
E. Fifth Month of $ 1,982 $0 $0 $ 35
Period ------- -- -- ----
F. Sixth Month of $ 1,675 $0 $0 $355
Period ------- -- -- ----
G. Total $10,377 $0 $0 $535
======= == == ====
</TABLE>
H. Total NAV of Registrant's/Series' share sales during the
Period subject to a sales load ($000's omitted) $0
---
14
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:__________
If filing more than one
Page 15, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<S> <C> <C>
29. [ ] Was a front-end sales load deducted from any share sales
during the reporting period? (Y/N) N
---
Y/N
[If answer is "N" (No), go to item 34.]
30. A. Total front-end sales loads collected from sales (including exchanges)
by principal underwriter or by any underwriter which is an affiliated
person of the principal underwriter, of Registrant's/Series' shares
during the current period ($000's omitted) $______
B. What is the maximum sales load rate in effect at the end of the period
as a percentage Of the offering price? ____%*
C. What is the minimum sales load rate in effect at the end of the period
as a percentage Of the offering price? _____%*
*Percentages must have format nn.nn (where n - integer).
SCREEN NUMBER: 18
- --------------------------------------------------------------------------------
31. A. Net amount retained by Registrant's/Series' principal underwriter or by
any underwriter or dealer which is an affiliated person of the
principal underwriter thereof from front-end sales loads collected from
sales of Registrant's/Series' shares during the current period ($000's
omitted) $______
B. Amount by which payout by Registrant's/Series' principal underwriter or
by any underwriter Which is an affiliated person of the principal
underwriter thereof to persons or entities selling Registrant's/Series'
shares exceeded that reported in Item 30 ($000's omitted) $______
32. Amount Registrant's/Series' principal underwriter and any underwriters or
dealers which are affiliated persons of the principal underwriter for
selling Registrant's/Series' shares that were sold with a front-end sales
load during current period ($000's omitted) $______
33. Amount paid to a captive retail sales force of Registrant's/Series
principal underwriter or of any underwriter or dealer which is an
affiliated person of the principal underwriter for selling Registrant's
shares that were sold with a front-end sales load during current period
($000's omitted) $______
</TABLE>
15
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:__________
If filing more than one
Page 16, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<S> <C> <C>
34. Did Registrant/Series impose a deferred or contingent deferred sales load
during the reporting period? (Y/N) Y
---
Y/N
[If answer is "N" (No), go to item 37.]
35. Total deferred or contingent deferred sales loads collected during current
period from redemptions and repurchases of Registrant/Series shares ($000's
omitted) $ 0
---
36. A. Did Registrant/Series retain all monies collected from the deferred or
contingent deferred sales load? Y
---
Y/N
B. If answer to sub-item 36A is "N" (No), state the net amount
Registrant/Series retained from deferred or contingent deferred sales
loads ($000's omitted) $______
SCREEN NUMBER: 20
- --------------------------------------------------------------------------------
37. Did Registrant/Series impose a redemption fee other than a deferred or
contingent sales load during the reporting period? (Y/N) N
---
Y/N
[If answer is "N" (No), go to item 39.]
38. Total amount of redemption fees other than deferred or contingent deferred
sales loads collected from redemptions and repurchases of
Registrant's/Series' shares during the current period ($000's omitted) $______
39. Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the current period? (Y/N) Y
---
Y/N
40. During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? (Y/N) Y
---
Y/N
[If answer is "N" (No), go to item 45.]
41. During the period, did Registrant/Series use its assets directly to make
payments under the 12b-1 plan? (Y/N) Y
---
Y/N
</TABLE>
[If answer is "N" (No), go to item 44.]
16
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:__________
If filing more than one
Page 17, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
42. For the current period, indicate the percentage of total dollars paid
directly by the Registrant/Series under the 12b-1 plan for each of the
following:
NOTE: Round to the nearest whole percent.
<TABLE>
<S> <C> <C>
A. Advertising __________%
B. Printing and mailing of prospectuses to __________%
other than current shareholders
C. Payments to underwriters __________%
D. Payments to broker or dealers _________ %
E. Direct payments to sales personnel __________%
F. Payments to banks and savings and loans __________%
G. Other uses, incl. Payments to the __________%
investment adviser separate from the
advisory fee
H. Unallocated payments made for a 100%
combination of such services ----------
43. Total amount paid directly by 11
Registrant/Series pursuant to its 12b-1 ----------
plan ($000's omitted)
44. If an investment adviser or other affiliated person of Registrant/Series
made unreimbursed payments to Registrant's/Series' 12b-1 plan, state the total
amount of such payments ($000's omitted) __ $ 0
---
</TABLE>
17
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:__________
If filing more than one
Page 18, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<CAPTION>
CONTRACTS
<S> <C> <C>
45. Did Registrant/Series have an advisory contract during the period? (Y/N)
Y
---
Y/N
[If answer is "N" (No), go to item 55.]
46. Did Registrant/Series pay more than one investment adviser directly for investment advice
during the period? (Y/N) ______________________________________________________ N
---
Y/N
[If answer is "Y" (Yes), answer items 47-52 in the aggregate for all such investment advisers.]
47. Was Registrant's/Series' advisory fee based solely on a percentage of its assets? (Y/N) _____ Y
---
Y/N
48. If answer to 47 is "Y" (Yes), fill in the table or the single fee rate
based on the advisory contract: SINGLE FEE RATE .75%*
----
<CAPTION>
ASSET VALUE
STEP: ($000's omitted) ANNUAL FEE RATE*
<S> <C> <C>
A. first -- $________ ________%
B. of next -- $________ ________%
C. of next -- $________ ________%
D. of next -- $________ ________%
E. of next -- $________ ________%
F. of next -- $________ ________%
G. of next -- $________ ________%
H. of next -- $________ ________%
I. of next -- $________ ________%
J. of next -- $________ ________%
K. maximum -- $________ ________%
</TABLE>
*Fields must be of the format n.nnn (where n = integer).
18
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:__________
If filing more than one
Page 19, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<CAPTION>
ADVISORY FEE
<S> <C> <C>
49. Was Registrant's/Series' advisory fee during the period based solely on a
percentage of its income? (Y/N) N
---
Y/N
50. Was Registrant's/Series' advisory fee during the period based on some
combined percentage of its income and assets? (Y/N) N
---
Y/N
51. Was Registrant's/Series' advisory fee during the period based in whole or
in part on its investment performance? (Y/N) N
---
Y/N
52. Was Registrant's/Series' advisory fee during the period based in whole or
in part upon the assets, income or performance of other registrants? (Y/N) N
___
Y/N
53. A. Were the expenses of the Registrant/Series limited or reduced at any
time during the period by some agreement or understanding other than by
blue sky laws? (Y/N) Y
---
Y/N
If 53A is "Y" (Yes), was limitation that applied during current period based
upon:
B. [x] Assets? Y
---
Y/N
C. [ ] Income? N
---
Y/N
</TABLE>
19
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:__________
If filing more than one
Page 20, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<CAPTION>
<S> <C> <C>
54. Indicate below whether services were supplied or paid for wholly or in
substantial part by investment adviser(s) or administrator(s) in
connection with the advisory or administrative contract(s) but for which
the adviser(s) or administrator(s) are not reimbursed by the Registrant:
Y/N
A. Occupancy and office rental Y
---
B. Clerical and bookkeeping services Y
---
C. Accounting services Y
---
D. Services of independent auditors N
---
E. Services of outside counsel N
---
F. Registration and filing fees N
---
G. Stationery, supplies and printing Y
---
H. Salaries & compensation of Registrant's interested directors Y
---
I. Salaries & compensation of Registrant's disinterested directors N
---
J. Salaries & compensation of Registrant's officers who are not directors Y
---
K. Reports to current shareholders N
---
L. Determination of offering and redemption prices Y
---
M. Trading department Y
---
N. Prospectus preparation and printing for current shareholders N
---
O. Other Y
---
</TABLE>
20
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:__________
If filing more than one
Page 21, "X" box: [ ]
For period ending 12/31/98
--------
File number 811- 08377
<TABLE>
<CAPTION>
<S> <C> <C>
55. Did Registrant/Series have any of the following outstanding N
at any time during the current period which exceeded 1% of ---
aggregate net assets? Y/N
A. [ ] Overdrafts N
__________________________________________________________ ---
B. [ ] Bank loans N
__________________________________________________________ ---
56. [ ] During the period, did the Registrant's/Series' investment
adviser(s) have advisory clients other than
investment companies N
--
57. [ ] Did the Registrant/Series adjust the number of its shares
outstanding by means of a stock split or stock dividend? N
---
SCREEN NUMBER 26
- --------------------------------------------------------------------------
CLASSIFICATION
58. [ ] A. Is Registrant/Series a separate account of an insurance company? (Y/N) Y
---
Y/N
If answer is "Y" (Yes), are any of the following types of contracts funded by the Registrant:
B. [ ] Variable annuity contracts? (Y/N) _________________________________________ Y
-
C. [ ] Scheduled premium variable life contracts? (Y/N) _____________________________ N
-
D. [ ] Flexible premium variable life contracts? (Y/N) _______________________________ N
-
E. [ ] Other types of insurance products registered under the Securities Act of 1933? N
(Y/N) -
59. [ ] Is Registrant/Series a management investment company? (Y/N) _______________________ Y
---
Y/N
60. [ ] A. Was Registrant/Series a diversified investment company at any time during
the period? (Y/N) N
---
Y/N
B. [ ] Is Registrant/Series a diversified investment company as of the end of the
reporting period? N
---
Y/N
61. [ ] What is the lowest minimum initial investment required by Registrant/Series
from an investor that is not an employee or otherwise affiliated with the
Registrant/Series, its adviser, principal underwriter or other affiliated entity? $10.00
------
</TABLE>
21
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:__________
If filing more than one
Page 22, "X" box: [ ]
For period ending 12/31/98
------------
File number 811- 08377
-------
<TABLE>
<S> <C> <C>
62. A. Does Registrants/Series invest primarily
in debt securities, including convertible debt securities,
options and futures on debt securities or indices of N
debt securities? (Y/N) ________________ -------
Y/N
[If answer is "N" (No), go to item 66.]
If answer is "Y" (Yes), state the percentage of
net assets in each type at the end of the
current period:
Short-Term Maturities*
B. U.S. Treasury% _____%
________________________________________________________
C. U.S. Government Agency _____%
________________________________________________________
D. Repurchase agreements _____%
________________________________________________________
E. State and municipal tax-free _____%
________________________________________________________
F. Bank Certificates of deposit -- domestic _____%
________________________________________________________
G. Bank Certificates of deposit -- foreign _____%
________________________________________________________
H. Bankers acceptances _____%
________________________________________________________
I. Commercial paper taxable _____%
________________________________________________________
J. Time deposits _____%
________________________________________________________
K. Options _____%
________________________________________________________
L. All other _____%
________________________________________________________
Intermediate & Long-Term Maturities*
M. U.S. Treasury _____%
________________________________________________________
N. U. S. Government Agency _____%
________________________________________________________
O. State and Municipal tax-free _____%
________________________________________________________
P. Corporate _____%
________________________________________________________
Q. All other _____%
________________________________________________________
R. Investments other than debt securities _____%
________________________________________________________
</TABLE>
*Percentages must be in the form nnn.n (where n = integer).
22
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:______________
If filing more than one
Page 24, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<S> <C> <C>
66. A. Is the Registrant/Series a fund that usually invests in
equity securities, options and futures on equity
securities, indices of equity securities or
securities convertible into equity
securities? (Y/N) Y
_________________________________________________________ _______
Y/N
[If answer is "N" (No), go to item 67, Otherwise, place
a "Y" on the line below which best describes its primary
investment objective (place an "N on other lines):]
Y/N
B. Aggressive capital appreciation N
_________________________________________________________ _______
C. Capital appreciation N
_________________________________________________________ _______
D. Growth N
_________________________________________________________ _______
E. Growth and income N
_________________________________________________________ _______
F. Income N
_________________________________________________________ _______
G. Total return Y
_________________________________________________________ _______
67. Is the Registrant/Series a balanced fund? (Y/N) N
_________________________________________________________ _______
Y/N
68. Does the Registrant/Series have more than 50% of its net assets
at the end of the current period invested in:
A. The securities of issuers engaged primarily in the production or
distribution of precious metals? (Y/N) N
_________________________________________________________ _______
Y/N
B. The securities of issuers located primarily in countries other
than the United States'? (Y/N) N
_________________________________________________________ _______
Y/N
69. Is the Registrant/Series an index fund? (Y/N) N
_________________________________________________________ _______
Y/N
</TABLE>
24
<PAGE>
Series Information Block
This page being filed for
All Series: [x]
Series No.:______________
If filing more than one
Page 25, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<S> <C>
70. Investment practices.
Answer "Y" (Yes) or "N" (No) to the following:
<CAPTION>
If permitted by
Permitted Investment
By policies, engaged
Investment in during the
Activity Policies? reporting period?
--------------- -----------------
Y/N Y/N
<S> <C> <C>
A. Writing or investing in repurchase agreements __________________ Y N
--------------- -----------------
B. Writing or investing in options on equities ____________________ Y N
--------------- -----------------
C. Writing or investing in options on debt securities _____________ N N
--------------- -----------------
D. Writing or investing in options on stock indices _______________ N N
--------------- -----------------
E. Writing or investing in interest rate futures __________________ N N
--------------- -----------------
F. Writing or investing in stock index futures ____________________ N N
--------------- -----------------
G. Writing or investing in options on futures _____________________ Y N
--------------- -----------------
H. Writing or investing in options on stock index futures _________ N N
--------------- -----------------
I. Writing or investing in other commodity futures ________________ N N
--------------- -----------------
J. Investments in restricted securities ___________________________ Y N
--------------- -----------------
K. Investments in shares of other investment companies ____________ Y N
--------------- -----------------
L. Investments in securities of foreign issuers ___________________ Y N
--------------- -----------------
M. Currency exchange transactions _________________________________ N N
--------------- -----------------
N. Loaning portfolio securities ___________________________________ Y N
--------------- -----------------
O. Borrowing of money _____________________________________________ Y N
--------------- -----------------
P. Purchases/sales by certain exempted affiliated persons _________ Y N
--------------- -----------------
Q. Margin purchases _______________________________________________ N N
--------------- -----------------
R. Short selling __________________________________________________ N N
--------------- -----------------
</TABLE>
25
<PAGE>
Series Information Block
This page being filed for
All Series: [ ]
Series No.: 1
-------------
If filing more than one
Page 26, "X" box: [x]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<S> <C> <C> <C>
71. Portfolio turnover rate for the current reporting period:
A. Purchases ($000's omitted) ___________________________________________________________ $ 13,342
--------
B. Sales [including all maturities] ($000's omitted) ____________________________________ $ 0
--------
C. Monthly average value of portfolio ($000's omitted) __________________________________ $ 7,474
--------
D. Percent turnover (Use the lesser of 71A or 71B divided by 71C) _______________________ 0 %
--------
NOTE: 71D should be a whole number; round if necessary.
FINANCIAL INFORMATION
72. A. How many months do the answers to items 72 and 73 cover? ____________________________ 6 Months
--------
For period covered by this form
($000's omitted)
-------------------------------
INCOME
B. Net interest income _________________________________________________________________ $ 0
--------
C. Net dividend income _________________________________________________________________ $ 96
--------
D. Account maintenance fees ____________________________________________________________ $ 0
--------
E. Net other income ____________________________________________________________________ $ 0
--------
EXPENSES
F. Gross advisory fees _________________________________________________________________ $ 24
--------
G. Gross administrator(s) fees _________________________________________________________ $ 0
--------
H. Salaries and other compensation (negative answer allowed) ___________________________ $ 0
--------
</TABLE>
26
Series Information Block
This page being filed for
All Series: [ ]
Series No.: 2
-------------
If filing more than one
Page 26, "X" box: [x]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<S> <C> <C> <C>
71. Portfolio turnover rate for the current reporting period:
A. Purchases ($000's omitted) ___________________________________________________________ $ 10,270
--------
B. Sales [including all maturities] ($000's omitted) ____________________________________ $ 0
--------
C. Monthly average value of portfolio ($000's omitted) __________________________________ $ 5,562
--------
D. Percent turnover (Use the lesser of 71A or 71B divided by 71C) _______________________ 0 %
--------
NOTE: 71D should be a whole number; round if necessary.
FINANCIAL INFORMATION
72. A. How many months do the answers to items 72 and 73 cover? ____________________________ 6 Months
--------
For period covered by this form
($000's omitted)
-------------------------------
INCOME
B. Net interest income _________________________________________________________________ $ 0
--------
C. Net dividend income _________________________________________________________________ $ 73
--------
D. Account maintenance fees ____________________________________________________________ $ 0
--------
E. Net other income ____________________________________________________________________ $ 0
--------
EXPENSES
F. Gross advisory fees _________________________________________________________________ $ 18
--------
G. Gross administrator(s) fees _________________________________________________________ $ 0
--------
H. Salaries and other compensation (negative answer allowed) ___________________________ $ 0
--------
</TABLE>
26
<PAGE>
Series Information Block
This page being filed for
All Series: [ ]
Series No.: 1
-------------
If filing more than one
Page 27, "X" box: [x]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<CAPTION>
FINANCIAL INFORMATION (Cont.) For period covered by this form
($000's omitted)
<S> <C> <C> <C>
Expenses (negative answers allowed)
I. Shareholder servicing agent fees ____________________________________________ $ 3
-------
J. Custodian fees ______________________________________________________________ $ 4
-------
K. Postage _____________________________________________________________________ $ 0
-------
L. Printing expenses ___________________________________________________________ $ 1
-------
M. Director's fees _____________________________________________________________ $ 3
-------
N. Registration fees ___________________________________________________________ $ 0
-------
O. Taxes _______________________________________________________________________ $ 0
-------
P. Interest ____________________________________________________________________ $ 0
-------
Q. Bookkeeping fees paid to anyone performing this service _____________________ $ 0
-------
R. Auditing fees _______________________________________________________________ $ 2
-------
S. Legal fees __________________________________________________________________ $ 0
-------
T. Marketing/distribution payments including payments pursuant to a
Rule 12b-1 plan _____________________________________________________________ $ 6
-------
U. Amortization of organization expenses _______________________________________ $ 19
-------
V. Shareholder meeting expenses ________________________________________________ $ 0
-------
W. Other expenses ______________________________________________________________ $ 44
-------
X. Total expenses ______________________________________________________________ $ 106
-------
</TABLE>
27
Series Information Block
This page being filed for
All Series: [ ]
Series No.: 2
-------------
If filing more than one
Page 27, "X" box: [x]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<CAPTION>
FINANCIAL INFORMATION (Cont.) For period covered by this form
($000's omitted)
<S> <C> <C> <C>
Expenses (negative answers allowed)
I. Shareholder servicing agent fees ____________________________________________ $ 3
-------
J. Custodian fees ______________________________________________________________ $ 4
-------
K. Postage _____________________________________________________________________ $ 0
-------
L. Printing expenses ___________________________________________________________ $ 1
-------
M. Director's fees _____________________________________________________________ $ 2
-------
N. Registration fees ___________________________________________________________ $ 0
-------
O. Taxes _______________________________________________________________________ $ 0
-------
P. Interest ____________________________________________________________________ $ 0
-------
Q. Bookkeeping fees paid to anyone performing this service _____________________ $ 0
-------
R. Auditing fees _______________________________________________________________ $ 1
-------
S. Legal fees __________________________________________________________________ $ 0
-------
T. Marketing/distribution payments including payments pursuant to a
Rule 12b-1 plan _____________________________________________________________ $ 4
-------
U. Amortization of organization expenses _______________________________________ $ 19
-------
V. Shareholder meeting expenses ________________________________________________ $ 0
-------
W. Other expenses ______________________________________________________________ $ 33
-------
X. Total expenses ______________________________________________________________ $ 85
-------
</TABLE>
27
<PAGE>
Series Information Block
This page being filed for
All Series: [ ]
Series No.: 1
--------------
If filing more than one
Page 28, "X" box: [x]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<CAPTION>
FINANCIAL INFORMATION (Cont.) For period covered by this form
($000's omitted)
<S> <C> <C> <C>
EXPENSES (Negative answers are allowed on this screen for 72Z only)
Y. Expense reimbursements __________________________________________________ $ 15
--------
Z. Net investment income ___________________________________________________ $ 5 *
--------
AA. Realized capital gains __________________________________________________ $ 0
--------
BB. Realized capital losses _________________________________________________ $ 0
--------
CC. 1. Net unrealized appreciation during the period _______________________ $ 1,220
--------
2. Net unrealized depreciation during the period _______________________ $ 0
--------
DD. 1. Total income dividends for which record date passed during the period $ 0
--------
2. Dividends for a second class of open-end company shares _____________ $ 0
--------
EE. Total capital gains distributions for which record date passed
during the period _______________________________________________________ $ 0
--------
73. Payments per share outstanding during the entire current period:
A. 1. Dividends from net investment income ________________________________ $ 0 **
--------
2. Dividends for a second class of open-end company shares _____________ $ 0 **
--------
NOTE: Show in fractions of a cent if so declared.
B. Distributions of capital gains __________________________________________ $ 0 **
--------
C. Other distributions _____________________________________________________ $ 0
--------
</TABLE>
*Negative answer permitted in this field.
**Items 73A and 73B should be of the form nnn.nnnn (where n = integer).
28
Series Information Block
This page being filed for
All Series: [ ]
Series No.: 2
--------------
If filing more than one
Page 28, "X" box: [x]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<CAPTION>
FINANCIAL INFORMATION (Cont.) For period covered by this form
($000's omitted)
<S> <C> <C> <C>
EXPENSES (Negative answers are allowed on this screen for 72Z only)
Y. Expense reimbursements __________________________________________________ $ 18
--------
Z. Net investment income ___________________________________________________ $ 5 *
--------
AA. Realized capital gains __________________________________________________ $ 0
--------
BB. Realized capital losses _________________________________________________ $ 0
--------
CC. 1. Net unrealized appreciation during the period _______________________ $ 389
--------
2. Net unrealized depreciation during the period _______________________ $ 0
--------
DD. 1. Total income dividends for which record date passed during the period $ 0
--------
2. Dividends for a second class of open-end company shares _____________ $ 0
--------
EE. Total capital gains distributions for which record date passed
during the period _______________________________________________________ $ 0
--------
73. Payments per share outstanding during the entire current period:
A. 1. Dividends from net investment income ________________________________ $ 0 **
--------
2. Dividends for a second class of open-end company shares _____________ $ 0 **
--------
NOTE: Show in fractions of a cent if so declared.
B. Distributions of capital gains __________________________________________ $ 0 **
--------
C. Other distributions _____________________________________________________ $ 0
--------
</TABLE>
*Negative answer permitted in this field.
**Items 73A and 73B should be of the form nnn.nnnn (where n = integer).
28
<PAGE>
Series Information Block
This page being filed for
All Series: [ ]
Series No.: 1
-------------
If filing more than one
Page 29, "X" box: [x]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<CAPTION>
As of the end of current reporting
period ($000's omitted except
for per share amounts)
<S> <C> <C> <C>
74. Condensed balance sheet data
A. Cash _____________________________________________________________________ $ 199
--------
B. Repurchase agreements ____________________________________________________ $ 0
--------
C. Short-term debt securities other than repurchase agreements ______________ $ 0
--------
D. Long-term debt securities including convertible debt _____________________ $ 0
--------
E. Preferred, convertible preferred and adjustable rate preferred stock _____ $ 0
--------
F. Common stock _____________________________________________________________ $ 14,562
--------
G. Options on equities ______________________________________________________ $ 0
--------
H. Options on all futures ___________________________________________________ $ 0
--------
I. Other investments ________________________________________________________ $ 0
--------
J. Receivables from portfolio instruments sold ______________________________ $ 0
--------
K. Receivables from affiliated persons ______________________________________ $ 0
--------
L. Other receivables ________________________________________________________ $ 41
--------
M. All other assets _________________________________________________________ $ 0
--------
N. Total assets _____________________________________________________________ $ 14,802
--------
</TABLE>
29
Series Information Block
This page being filed for
All Series: [ ]
Series No.: 2
-------------
If filing more than one
Page 29, "X" box: [x]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<CAPTION>
As of the end of current reporting
period ($000's omitted except
for per share amounts)
<S> <C> <C> <C>
74. Condensed balance sheet data
A. Cash _____________________________________________________________________ $ 1
--------
B. Repurchase agreements ____________________________________________________ $ 0
--------
C. Short-term debt securities other than repurchase agreements ______________ $ 0
--------
D. Long-term debt securities including convertible debt _____________________ $ 0
--------
E. Preferred, convertible preferred and adjustable rate preferred stock _____ $ 0
--------
F. Common stock _____________________________________________________________ $ 10,660
--------
G. Options on equities ______________________________________________________ $ 0
--------
H. Options on all futures ___________________________________________________ $ 0
--------
I. Other investments ________________________________________________________ $ 0
--------
J. Receivables from portfolio instruments sold ______________________________ $ 0
--------
K. Receivables from affiliated persons ______________________________________ $ 0
--------
L. Other receivables ________________________________________________________ $ 36
--------
M. All other assets _________________________________________________________ $ 0
--------
N. Total assets _____________________________________________________________ $ 10,697
--------
</TABLE>
29
<PAGE>
Series Information Block
This page being filed for
All Series: [ ]
Series No.: 1
-------------
If filing more than one
Page 30, "X" box: [x]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<CAPTION>
As of the end of current reporting
period ($000's omitted except
for per share amounts and number of accounts)
<S> <C> <C> <C>
Condensed balance sheet data (Cont.)
O. Payables for portfolio instruments purchased _________________________ $ 545
--------
P. Amounts owed to affiliated persons ___________________________________ $ 0
--------
Q. Senior long-term debt ________________________________________________ $ 0
--------
R. Other liabilities ____________________________________________________ $ 0
--------
1. Reverse repurchase agreements ____________________________________ $ 0
--------
2. Short sales ______________________________________________________ $ 0
--------
3. Written options __________________________________________________ $ 0
--------
4. All other liabilities ____________________________________________ $ 0
--------
S. Senior equity ________________________________________________________ $ 0
--------
T. Net assets of common shareholders ____________________________________ $ 14,257
--------
U. 1. Number of shares outstanding _____________________________________ $ 1,863
--------
2. Number of shares outstanding of a second class of open-end company
shares ___________________________________________________________ $ 2,071
--------
V. 1. Net asset value per share (to nearest cent) ______________________ $ 1.12 *
--------
2. Net asset value per share of a second class of open-end company
shares (to nearest cent) _________________________________________ $ 1.12 *
--------
W. Mark-to-market net asset value per share for money market funds only
(to four decimals) ___________________________________________________ $ **
--------
X. Total number of shareholder accounts _________________________________ $ 776
--------
Y. Total value of assets in segregated accounts _________________________ $ 14,802
--------
</TABLE>
*Negative answer permitted in this field.
**Value must be of the form nnn.nnnn (where n= integer)
30
Series Information Block
This page being filed for
All Series: [ ]
Series No.: 1
-------------
If filing more than one
Page 30, "X" box: [x]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<CAPTION>
As of the end of current reporting
period ($000's omitted except
for per share amounts and number of accounts)
<S> <C> <C> <C>
Condensed balance sheet data (Cont.)
O. Payables for portfolio instruments purchased _________________________ $ 0
--------
P. Amounts owed to affiliated persons ___________________________________ $ 0
--------
Q. Senior long-term debt ________________________________________________ $ 0
--------
R. Other liabilities ____________________________________________________ $ 0
--------
1. Reverse repurchase agreements ____________________________________ $ 0
--------
2. Short sales ______________________________________________________ $ 0
--------
3. Written options __________________________________________________ $ 0
--------
4. All other liabilities ____________________________________________ $ 0
--------
S. Senior equity ________________________________________________________ $ 0
--------
T. Net assets of common shareholders ____________________________________ $ 0
--------
U. 1. Number of shares outstanding _____________________________________ $ 5,107
--------
2. Number of shares outstanding of a second class of open-end company
shares ___________________________________________________________ $ 3,672
--------
V. 1. Net asset value per share (to nearest cent) ______________________ $ 1.12 *
--------
2. Net asset value per share of a second class of open-end company
shares (to nearest cent) _________________________________________ $ 1.12 *
--------
W. Mark-to-market net asset value per share for money market funds only
(to four decimals) ___________________________________________________ $ **
--------
X. Total number of shareholder accounts _________________________________ $
--------
Y. Total value of assets in segregated accounts _________________________ $
--------
</TABLE>
*Negative answer permitted in this field.
**Value must be of the form nnn.nnnn (where n= integer)
30
Series Information Block
This page being filed for
All Series: [ ]
Series No.: 2
-------------
If filing more than one
Page 30, "X" box: [x]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<CAPTION>
As of the end of current reporting
period ($000's omitted except
for per share amounts and number of accounts)
<S> <C> <C> <C>
Condensed balance sheet data (Cont.)
O. Payables for portfolio instruments purchased _________________________ $ 272
--------
P. Amounts owed to affiliated persons ___________________________________ $ 0
--------
Q. Senior long-term debt ________________________________________________ $ 0
--------
R. Other liabilities ____________________________________________________ $ 0
--------
1. Reverse repurchase agreements ____________________________________ $ 0
--------
2. Short sales ______________________________________________________ $ 0
--------
3. Written options __________________________________________________ $ 0
--------
4. All other liabilities ____________________________________________ $ 197
--------
S. Senior equity ________________________________________________________ $ 0
--------
T. Net assets of common shareholders ____________________________________ $ 10,228
--------
U. 1. Number of shares outstanding _____________________________________ $ 1,835
--------
2. Number of shares outstanding of a second class of open-end company
shares ___________________________________________________________ $ 627
--------
V. 1. Net asset value per share (to nearest cent) ______________________ $ 1.03 *
--------
2. Net asset value per share of a second class of open-end company
shares (to nearest cent) _________________________________________ $ 1.03 *
--------
W. Mark-to-market net asset value per share for money market funds only
(to four decimals) ___________________________________________________ $ **
--------
X. Total number of shareholder accounts _________________________________ $ 642
--------
Y. Total value of assets in segregated accounts _________________________ $ 10,697
--------
</TABLE>
*Negative answer permitted in this field.
**Value must be of the form nnn.nnnn (where n= integer)
30
Series Information Block
This page being filed for
All Series: [ ]
Series No.: 2
-------------
If filing more than one
Page 30, "X" box: [x]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<CAPTION>
As of the end of current reporting
period ($000's omitted except
for per share amounts and number of accounts)
<S> <C> <C> <C>
Condensed balance sheet data (Cont.)
O. Payables for portfolio instruments purchased _________________________ $ 0
--------
P. Amounts owed to affiliated persons ___________________________________ $ 0
--------
Q. Senior long-term debt ________________________________________________ $ 0
--------
R. Other liabilities ____________________________________________________ $ 0
--------
1. Reverse repurchase agreements ____________________________________ $ 0
--------
2. Short sales ______________________________________________________ $ 0
--------
3. Written options __________________________________________________ $ 0
--------
4. All other liabilities ____________________________________________ $ 0
--------
S. Senior equity ________________________________________________________ $ 0
--------
T. Net assets of common shareholders ____________________________________ $ 0
--------
U. 1. Number of shares outstanding _____________________________________ $ 2,609
--------
2. Number of shares outstanding of a second class of open-end company
shares ___________________________________________________________ $ 3,300
--------
V. 1. Net asset value per share (to nearest cent) ______________________ $ 1.03 *
--------
2. Net asset value per share of a second class of open-end company
shares (to nearest cent) _________________________________________ $ 1.03 *
--------
W. Mark-to-market net asset value per share for money market funds only
(to four decimals) ___________________________________________________ $ **
--------
X. Total number of shareholder accounts _________________________________ $
--------
Y. Total value of assets in segregated accounts _________________________ $
--------
</TABLE>
*Negative answer permitted in this field.
**Value must be of the form nnn.nnnn (where n= integer)
30
<PAGE>
Series Information Block
This page being filed for
All Series: [ ]
Series No.: 1
-------------
If filing more than one
Page 31, "X" box: [x]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<CAPTION>
<S> <C> <C> <C>
75. Average net assets during the current reporting period ($000's omitted).
Answer only one:
A. Daily average (for money market funds) ____________________________________ $
--------
B. Monthly average (for all other funds) _____________________________________ $ 6,482
--------
76. Market price per share at end of period (closed-end funds only) ___________ $ *
--------
</TABLE>
*Price per share should be of the form nnnnn.nn (where n = integer).
31
Series Information Block
This page being filed for
All Series: [ ]
Series No.: 2
-------------
If filing more than one
Page 31, "X" box: [x]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<CAPTION>
<S> <C> <C> <C>
75. Average net assets during the current reporting period ($000's omitted).
Answer only one:
A. Daily average (for money market funds) ____________________________________ $
--------
B. Monthly average (for all other funds) _____________________________________ $ 4,874
--------
76. Market price per share at end of period (closed-end funds only) ___________ $ *
--------
</TABLE>
*Price per share should be of the form nnnnn.nn (where n = integer).
31
<PAGE>
If filing more than one
Page 32, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<CAPTION>
<S> <C> <C> <C>
77. A. Is the Registrant filing any of the following attachments with the current Y
filing of Form N-SAR? (ANSWER FOR ALL SERIES AS A GROUP)_____________________ _______
Y/N
NOTE: If answer is "Y" (Yes), mark those items below being filed as an
attachment to this form or incorporated by reference. _______________________ _______
Y/N
B. Accountant's report on internal control _____________________________________ Y
-------
C. Matters submitted to a vote of security holders _____________________________ N
-------
D. Policies with respect to security investments _______________________________ N
-------
E. Legal proceedings ___________________________________________________________ N
-------
F. Changes in security for debt ________________________________________________ N
-------
G. Defaults and arrears on senior securities ___________________________________ N
-------
H. Changes in control of Registrant ____________________________________________ N
-------
I. Terms of new or amended securities __________________________________________ N
-------
J. Revaluation of assets or restatement of capital share account _______________ N
-------
K. Changes in Registrant's certifying accountant _______________________________ N
-------
L. Changes in accounting principles and practices ______________________________ N
-------
M. Mergers _____________________________________________________________________ N
-------
N. Actions required to be reported pursuant to Rule 2a-7 _______________________ N
-------
O. Transactions effected pursuant to Rule 10f-3 ________________________________ N
-------
P. Information required to be filed pursuant to existing exemptive orders ______ N
-------
</TABLE>
Attachment Information (Cont. on Screen 39)
32
<PAGE>
If filing more than one
Page 33, "X" box: [ ]
For period ending 12/31/98
---------
File number 811- 08377
-------
Attachment Information (Cont. from Screen 38)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
77. Q. 1. Exhibits __________________________________________________________________ Y
---
Y/N
2. Any information called for by instructions to sub-item 77Q2 ______________ N
---
Y/N
3. Any information called for by instructions to sub-item 77Q3 ______________ N
---
Y/N
78. Does the Registrant have any wholly-owned investment company subsidiaries
whose operating & financial data are consolidated with that of Registrant in
this report? (Y/N) _____________________________________________________________ N
---
Y/N
</TABLE>
[If answer is "N" (No), go to item 80]
SCREEN NUMBER 39:
- --------------------------------------------------------------------------------
79. List the "811" numbers and names of Registrant's wholly-owned investment
company subsidiaries
consolidated in this report.
811 Number Subsidiary Name
- ---------- ------------------------------------------------------------
33
<PAGE>
Series Information Block
This page being filed for
All Series: [X]
Series No.: _____________
If filing more than one
Page 34, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<S> <C> <C> <C> <C>
ANNUAL SUPPLEMENT
- -----------------
Screens 40 & 41 are to be filed only once each year at the end of the Registrant's/
Series' fiscal year.
80. Fidelity bond(s) in effect at the end of the period:
A. [ ] Insurer Name: National Union Fire Insurance Company of Pittsburg, PA
B. [ ] Second Insurer:
C. [ ] Aggregate face amount of coverage for Registrant/Series on all bonds on
which it is named as an insured ($000's omitted): ________________________ $ 12,000
--------
81. A. [ ] Is the bond part of a joint fidelity bond(s) shared with other
investment companies or other entities? (Y/N) ____________________________ Y
--------
Y/N
B. [ ] If the answer to 81A is "Y" (Yes), how many other investment companies or
other entities are covered by the bond?
NOTE: Count each series as a separate investment company. ___________________________ 48
--------
82. A. [ ] Does the mandatory coverage of the fidelity bond have a deductible? (Y/N) N
--------
Y/N
B. [ ] If the answer to 82A is "Y" (Yes), what is the amount of the deductible?
($000's omitted) _________________________________________________________ $ 0
--------
</TABLE>
34
<PAGE>
Series Information Block
This page being filed for
All Series: [X]
Series No.: _____________
If filing more than one
Page 35, "X" box: [ ]
For period ending 12/31/98
----------
File number 811- 08377
-------
<TABLE>
<S> <C> <C> <C> <C>
83. A. [ ] Were any claims with respect to this Registrant/Series filed under the
bond during the period? (Y/N) _________________________________________ N
-------
Y/N
B. [ ] If the answer to 83A is "Y" (Yes), what was the total mount of such
claims(s)? ($000's omitted) ____________________________________________ $
-------
84. A. [ ] Were any losses incurred with respect to this Registrant/Series that
could have been filed as a claim under the fidelity bond but were
not? (Y/N) ____________________________________________________________ N
-------
Y/N
B. [ ] If the answer to sub-item 84A is "Y" (Yes), what was the total amount
of such losses? ($000's omitted) _______________________________________ $
-------
85. A. [ ] Are Registrant's/Series' officers and directors covered as officers
and directors of Registrant/Series under any errors and omissions
insurance policy owned by the Registrant/Series or anyone else? (Y/N) __ Y
-------
Y/N
B. [ ] Were any claims filed under such policy during the period with respect
to Registrant/ Series (Y/N) ____________________________________________ N
-------
Y/N
</TABLE>
35
<PAGE>
FORM N-SAR - PFL ENDEVOR TARGET ACCOUNT,
A SEPARATE ACCOUNT OF PFL LIFE INSURANCE COMPANY
FILE NO. 811-08377
This report is signed on behalf of the registrant in the City of Cedar Rapids
and the State of Iowa on the 25th day of February, 1999.
PFL LIFE INSURANCE COMPANY
By: /s/ Ronald L. Ziegler
----------------------
Ronald L. Ziegler
Vice President and Actuary
Witness:
/s/ Frank A. Camp
- ------------------
Frank A. Camp
Division General Counsel
Financial Markets Division
PFL Life Insurance Company
<PAGE>
Report of Independent Auditors
The Board of Managers and Contract Owners
of The PFL Endeavor Target Account
In planning and performing our audit of the financial statements of The PFL
Endeavor Target Account for the year ended December 31, 1998, we considered its
internal control, including control activities for safeguarding securities, in
order to determine our auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the requirements of Form
N-SAR, not to provide assurance on internal control.
The management of The PFL Endeavor Target Account is responsible for
establishing and maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of controls. Generally, controls that are
relevant to an audit pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in conformity with
generally accepted accounting principles. These controls include the
safeguarding of assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or instances of
fraud may occur and not be detected. Also, projection of any evaluation of
internal control to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of internal control would not necessarily disclose all matters
in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or more
of the specific internal control components does not reduce to a relatively low
level the risk that errors or instances of fraud in amounts that would be
material in relation to the financial statements being audited may occur and not
be detected within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no matters involving
internal control and its operation, including control for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1998.
This report is intended solely for the information and use of management and the
Board of Managers of The PFL Endeavor Target Account and the Securities and
Exchange Commission and is not intended to be and should not be used by anyone
other than these specified parties.
/s/ Ernst & Young LLP
Des Moines, Iowa
January 29, 1999
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