PIC TECHNOLOGY PORTFOLIO
NT-NSAR, 2000-12-29
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UNITED STATES SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING

Commission File Number: 811-10149

(check one):   [  ] Form 10-K and Form 10-KSB
[ ] Form 10-Q and Form   10-QSB
[ ] Form 20-F       [ ]  Form 11-K         [x ] Form N-SAR
For Period Ended: October 31, 2000

[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F

[ ]  Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q

[ ]  Transition Report on Form N-SAR

For the Transition Period Ended:

 If the notification relates to a portion of the filing
checked above, identify the item(s) to which the
notification relates:

PART I - REGISTRANT INFORMATION

PIC Technology Portfolio
Full Name of Registrant

-------------------------
Former Name if Applicable

300 North Lake Avenue
Address of Principal Executive Office (Street and Number)

Pasadena, CA   91101-4106
City, State and Zip Code
PART 11 - RULES 12b-25(b) and (c)
if the subject report could not be filed without
unreasonable effort or expense and the registrant
seeks relief pursuant to Rule 12b-25(b), the following
should be completed. (Check box if appropriate)

[x ]  (a) The reasons described in reasonable detail in
Part III of this form could not be eliminated without
unreasonable effort,or expense;

[ ]  (b) The subject annual report, semi-annual report,
transition report on Form 10-K, Form 20-F, 11-K,
Form N-SAR, or portion thereof, will be filed on or
before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report of
transition report on Form IO-Q, or portion thereof will
be filed on or before the fifth calendar day following
the prescribed due date; and [ ]

(c) The accountant's statement or other exhibit
required by rule 12b-25(c) has been attached if
applicable.

<PAGE>

PART III - NARRATIVE

State below in reasonable detail the reasons why the
Form 10-K and Form 10-KSB, 11-K, 20-F, IO-Q and
Form IO-QSB, N-SAR, or other transition report or
portion thereof, could not be filed within the prescribed
period.

Waiting for financial information.



PART IV - OTHER INFORMATION

(1)   Name and telephone number of person to contact
in regard to this notification

Rita Dam                          (626) 852-1033

(Name)                      (Area Code)      (Telephone
Number)

(2)  Have all other periodic reports required under
section 13 or 15(d) of the Securities Exchange Act of
1934 or Section 30 of  the Investment Company Act of
1940 during the preceding 12 months (or for such
shorter period that the registrant was required to file
such reports), been filed. If answer is no, identify
report(s).
      [x ] YES     [ ] NO
(3)  Is it anticipated that any significant change in
results of operations from the corresponding period
for the last fiscal year will be reflected by the earnings
statement to be included in the subject report or
portion thereof?

     [ ] YES      [x ] NO

If so, attach an explanation of the anticipated change,
both narratively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be
made.

PIC Technology Portfolio
(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf
by the undersigned hereunto duly authorized.


                                   Date:     December 28, 2000
By:   /s/ Rita Dam





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