SENTINEL GROUP FUNDS INC
NSAR-A, 1998-07-28
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<PAGE>      PAGE  1
000 A000000 05/31/98
000 C000000 0000225843
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 SENTINEL GROUP FUNDS, INC.
001 B000000 811-214
001 C000000 8022297330
002 A000000 NATIONAL LIFE DRIVE
002 B000000 MONTPELIER
002 C000000 VT
002 D010000 05604
002 D020000 0001
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 24
007 C010100  1
007 C020100 SENTINEL SMALL COMPANY FUND "A"
007 C030100 N
007 C010200  2
007 C020200 SENTINEL GROWTH FUND "A"
007 C030200 N
007 C010300  3
007 C020300 SENTINEL WORLD FUND "A"
007 C030300 N
007 C010400  4
007 C020400 SENTINEL COMMON STOCK FUND "A"
007 C030400 N
007 C010500  5
007 C020500 SENTINEL BALANCED FUND "A"
007 C030500 N
007 C010600  6
007 C020600 SENTINEL BOND FUND "A"
007 C030600 N
007 C010700  7
007 C020700 SENTINEL TAX-FREE INCOME FUND "A"
007 C030700 N
007 C010800  8
007 C020800 SENTINEL GOVERNMENT SECURITIES FUND "A"
007 C030800 N
007 C010900  9
007 C020900 SENTINEL U.S. TREASURY MONEY MARKET "A"
007 C030900 N
007 C011000 10
<PAGE>      PAGE  2
007 C021000 SENTINEL NEW YORK TAX-FREE INCOME FUND "A"
007 C031000 N
007 C011100 11
007 C021100 SENTINEL SHORT MATURITY GOVERNMENT FUND "A"
007 C031100 N
007 C011200 12
007 C021200 SENTINEL SMALL COMPANY FUND "B"
007 C031200 N
007 C011300 13
007 C021300 SENTINEL WORLD FUND "B'
007 C031300 N
007 C011400 14
007 C021400 SENTINEL COMMON STOCK FUND "B"
007 C031400 N
007 C011500 15
007 C021500 SENTINEL BALANCED FUND "B"
007 C031500 N
007 C011600 16
007 C021600 SENTINEL BOND FUND "B"
007 C031600 N
007 C011700 17
007 C021700 SENTINEL GROWTH FUND "B"
007 C031700 N
007 C011800 18
007 C021800 SENTINEL U.S. TREASURY MONEY MARKET "B"
007 C031800 N
007 C011900 19
007 C021900 SENTINEL HIGH YIELD BOND FUND "A"
007 C031900 N
007 C012000 20
007 C022000 SENTINEL HIGH YIELD BOND FUND "B"
007 C032000 N
007 C012100 21
007 C022100 SENTINEL BALANCED FUND "C"
007 C032100 N
007 C012200 22
007 C022200 SENTINEL COMMON STOCK FUND "C"
007 C032200 N
007 C012300 23
007 C022300 SENTINEL WORLD FUND "C"
007 C032300 N
007 C012400 24
007 C022400 SENTINEL HIGH YIELD BOND FUND "C"
007 C032400 N
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
<PAGE>      PAGE  3
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
007 C015100 51
007 C015200 52
007 C015300 53
007 C015400 54
007 C015500 55
007 C015600 56
007 C015700 57
007 C015800 58
007 C015900 59
007 C016000 60
007 C016100 61
007 C016200 62
007 C016300 63
007 C016400 64
007 C016500 65
007 C016600 66
007 C016700 67
007 C016800 68
007 C016900 69
007 C017000 70
007 C017100 71
007 C017200 72
007 C017300 73
007 C017400 74
007 C017500 75
007 C017600 76
007 C017700 77
007 C017800 78
007 C017900 79
007 C018000 80
007 C018100 81
007 C018200 82
<PAGE>      PAGE  4
007 C018300 83
007 C018400 84
007 C018500 85
007 C018600 86
007 C018700 87
007 C018800 88
007 C018900 89
007 C019000 90
008 A00AA01 SENTINEL ADVISORS COMPANY
008 B00AA01 A
008 C00AA01 801-43078
008 D01AA01 MONTPELIER
008 D02AA01 VT
008 D03AA01 05604
008 D04AA01 0001
008 A00AA02 INVESCO CAPITAL MANAGEMENT
008 B00AA02 S
008 C00AA02 801-33949
008 D01AA02 ATLANTA
008 D02AA02 GA
008 D03AA02 30309
008 A00AA03 KEYSTONE INVESTMENT MANAGEMENT CO.
008 B00AA03 S
008 C00AA03 801-08327
008 D01AA03 BOSTON
008 D02AA03 MA
008 D03AA03 02116
010 A00AA01 SENTINEL ADMINISTRATIVE SERVICE COMPANY
010 B00AA01 84-5433
010 C01AA01 MONTPELIER
010 C02AA01 VT
010 C03AA01 05604
010 C04AA01 0001
011 A00AA01 SENTINEL FINANCIAL SERVICES COMPANY
011 B00AA01 8-45393
011 C01AA01 MONTPELIER
011 C02AA01 VT
011 C03AA01 05604
011 C04AA01 0001
012 A00AA01 SENTINEL ADMINISTRATIVE SERVICE COMPANY
012 B00AA01 84-5433
012 C01AA01 MONTPELIER
012 C02AA01 VT
012 C03AA01 05604
012 C04AA01 0001
013 A00AA01 PRICE WATERHOUSE
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
014 A00AA01 EQUITY SERVICES, INC.
014 B00AA01 8-14286
<PAGE>      PAGE  5
014 A00AA02 SENTINEL FINANCIAL SERVICES COMPANY
014 B00AA02 8-45393
014 A00AA03 1717 CAPITAL MANAGEMENT COMPANY
014 B00AA03 8-14657
014 A00AA04 HORNOR, TOWNSEND & KENT, INC.
014 B00AA04 8-14715
014 A00AA05 JANNEY MONTGOMERY SCOTT, INC.
014 B00AA05 8-00462
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   25
019 C00AA00 SENTINELFD
020 A000001 MERRILL LYNCH
020 B000001 13-5674085
020 C000001    136
020 A000002 SANFORD BERNSTEIN
020 B000002 13-2625874
020 C000002    118
020 A000003 MORGAN STANLEY
020 B000003 13-2655998
020 C000003     86
020 A000004 SALOMON BROS.
020 B000004 13-3082694
020 C000004     85
020 A000005 RAYMOND JAMES
020 B000005 59-1237041
020 C000005     84
020 A000006 PAINE WEBBER
020 B000006 13-2638166
020 C000006     42
020 A000007 LEHMAN BROS.
020 B000007 13-2518466
020 C000007     38
020 A000008 GOLDMAN SACHS
020 B000008 13-5108880
020 C000008     37
020 A000009 SMITH BARNEY
020 B000009 13-1912900
020 C000009     30
020 A000010 LIPPER ANALYTICAL
020 B000010 13-2792478
020 C000010     29
021  000000      913
022 A000001 PAINE WEBBER
022 B000001 13-2638166
022 C000001    592518
022 D000001    317830
022 A000002 PRUDENTIAL-BACHE SEC.
022 B000002 22-2347336
022 C000002    649717
022 D000002     44527
<PAGE>      PAGE  6
022 A000003 MERRILL LYNCH
022 B000003 13-5674085
022 C000003    389546
022 D000003     20735
022 A000004 G.X. CLARKE
022 B000004 13-2969143
022 C000004     88551
022 D000004     59270
022 A000005 NATIONAL CITY CREDIT CORP.
022 B000005 35-1660474
022 C000005    134736
022 D000005         0
022 A000006 STATE STREET
022 B000006 04-1867445
022 C000006    130687
022 D000006         0
022 A000007 TEXACO
022 B000007 74-1383447
022 C000007    128650
022 D000007         0
022 A000008 PRUDENTIAL FUNDING
022 B000008 22-2231168
022 C000008    127440
022 D000008         0
022 A000009 C.I.T. GROUP HOLDINGS
022 B000009 13-2782195
022 C000009    122316
022 D000009      1407
022 A000010 NORWEST FINANCIAL
022 B000010 42-1186565
022 C000010    115108
022 D000010         0
023 C000000    3361183
023 D000000     667204
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
<PAGE>      PAGE  7
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 Y
054 O00AA00 N
077 A000000 N
078  000000 N
080 A00AA00 ST. PAUL FIRE & MARINE INS. CO.
080 B00AA00 WAUSAU INS. CO.
080 C00AA00     6275
081 A00AA00 Y
081 B00AA00   1
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
015 A000101 INVESTORS FIDUCIARY TRUST COMPANY
015 B000101 C
015 C010101 KANSAS CITY
015 C020101 MO
015 C030101 64105
015 C040101 1716
015 E010101 X
024  000100 Y
025 A000101 MERRILL LYNCH
025 B000101 13-5674085
025 C000101 D
025 D000101    2799
025 A000102 MERRILL LYNCH
025 B000102 13-5674085
025 C000102 D
025 D000102    3492
<PAGE>      PAGE  8
025 A000103 PRUDENTIAL FUNDING
025 B000103 22-2231168
025 C000103 D
025 D000103    1797
025 A000104 NORWEST FINANCIAL
025 B000104 42-1186565
025 C000104 D
025 D000104    1298
025 D000105       0
025 D000106       0
025 D000107       0
025 D000108       0
028 A010100      1054
028 A020100     12740
028 A030100         0
028 A040100      1063
028 B010100       883
028 B020100         0
028 B030100         0
028 B040100      1724
028 C010100       961
028 C020100         0
028 C030100         0
028 C040100       808
028 D010100       977
028 D020100         0
028 D030100         0
028 D040100      1776
028 E010100       924
028 E020100         0
028 E030100         0
028 E040100      1220
028 F010100       834
028 F020100         0
028 F030100         0
028 F040100      2872
028 G010100      5633
028 G020100     12740
028 G030100         0
028 G040100      9463
028 H000100      3890
029  000100 Y
030 A000100     89
030 B000100  5.00
030 C000100  0.00
031 A000100     67
031 B000100      0
032  000100     22
033  000100      0
034  000100 Y
035  000100      0
<PAGE>      PAGE  9
036 A000100 N
036 B000100      0
037  000100 N
038  000100      0
039  000100 N
040  000100 Y
041  000100 Y
042 A000100   0
042 B000100   0
042 C000100  39
042 D000100  61
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100    181
044  000100      0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.000
048 A010100   200000
048 A020100 0.700
048 B010100   100000
048 B020100 0.650
048 C010100   100000
048 C020100 0.600
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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   400000
048 K020100 0.550
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 N
055 A000100 N
055 B000100 N
056  000100 Y
<PAGE>      PAGE  10
057  000100 N
058 A000100 N
059  000100 Y
060 A000100 Y
060 B000100 Y
061  000100     1000
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
066 A000100 Y
066 B000100 Y
066 C000100 N
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 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
<PAGE>      PAGE  11
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
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<PAGE>      PAGE  12
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074 V010100     6.01
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074 W000100   0.0000
074 X000100    10834
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075 A000100        0
075 B000100   120524
076  000100     0.00
015 A000201 INVESTORS FIDUCIARY TRUST COMPANY
015 B000201 C
015 C010201 KANSAS CITY
015 C020201 MO
015 C030201 64105
015 C040201 1716
<PAGE>      PAGE  13
015 E010201 X
024  000200 Y
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025 A000202 MERRILL LYNCH
025 B000202 13-5674085
025 C000202 D
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025 D000206       0
025 D000207       0
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033  000200      0
034  000200 Y
<PAGE>      PAGE  14
035  000200      0
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037  000200 N
038  000200      0
039  000200 N
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042 D000200  50
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048 B010200   100000
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050  000200 N
051  000200 N
052  000200 N
053 A000200 N
055 A000200 N
055 B000200 N
<PAGE>      PAGE  15
056  000200 Y
057  000200 N
058 A000200 N
059  000200 Y
060 A000200 Y
060 B000200 Y
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062 C000200   0.0
062 D000200   0.0
062 E000200   0.0
062 F000200   0.0
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062 H000200   0.0
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062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
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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 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
<PAGE>      PAGE  16
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200     50762
071 B000200     45675
071 C000200     91810
071 D000200   50
072 A000200  6
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072 C000200      444
072 D000200        0
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<PAGE>      PAGE  17
072 Y000200        0
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072AA000200     9465
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072CC010200       14
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072DD010200        0
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073 A010200   0.0000
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074 U010200     6760
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074 V010200    14.52
074 V020200    14.48
074 W000200   0.0000
074 X000200     7298
074 Y000200        0
075 A000200        0
075 B000200    98065
076  000200     0.00
015 A000301 STATE STREET BANK & TRUST CO.
015 B000301 S
015 C010301 BOSTON
015 C020301 MA
015 C030301 02101
<PAGE>      PAGE  18
015 E010301 X
024  000300 Y
025 A000301 MERRILL LYNCH
025 B000301 13-5674085
025 C000301 D
025 D000301    2999
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025 D000303       0
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025 D000306       0
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025 D000308       0
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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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  26
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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  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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070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
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<PAGE>      PAGE  38
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015 A000701 INVESTORS FIDUCIARY TRUST COMPANY
015 B000701 C
015 C010701 KANSAS CITY
015 C020701 MO
015 C030701 64105
015 C040701 1716
015 E010701 X
024  000700 N
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<PAGE>      PAGE  39
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037  000700 N
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039  000700 N
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<PAGE>      PAGE  40
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049  000700 N
050  000700 N
051  000700 N
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055 A000700 Y
055 B000700 N
056  000700 Y
057  000700 N
058 A000700 N
059  000700 Y
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<PAGE>      PAGE  41
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064 A000700 Y
064 B000700 N
066 A000700 N
067  000700 N
068 A000700 N
068 B000700 N
069  000700 N
070 A010700 Y
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 N
070 J020700 N
070 K010700 Y
070 K020700 Y
070 L010700 Y
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 N
070 N020700 N
<PAGE>      PAGE  42
070 O010700 N
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
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<PAGE>      PAGE  43
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015 A000801 INVESTORS FIDUCIARY TRUST COMPANY
015 B000801 C
015 C010801 KANSAS CITY
015 C020801 MO
015 C030801 64105
015 C040801 1716
015 E010801 X
024  000800 Y
025 A000801 MERRILL LYNCH
025 B000801 13-5674085
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025 B000802 42-1186565
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<PAGE>      PAGE  44
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<PAGE>      PAGE  45
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049  000800 N
050  000800 N
051  000800 N
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053 C000800 N
055 A000800 Y
055 B000800 N
056  000800 Y
057  000800 N
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<PAGE>      PAGE  46
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063 B000800 11.3
064 A000800 N
066 A000800 N
067  000800 N
068 A000800 N
068 B000800 N
069  000800 N
070 A010800 Y
070 A020800 Y
070 B010800 N
070 B020800 N
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070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
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070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 N
070 J020800 N
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070 K020800 N
070 L010800 Y
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 N
<PAGE>      PAGE  47
070 N020800 N
070 O010800 N
070 O020800 N
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<PAGE>      PAGE  48
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015 A000901 INVESTORS FIDUCIARY TRUST COMPANY
015 B000901 C
015 C010901 KANSAS CITY
015 C020901 MO
015 C030901 64105
015 C040901 1716
015 E010901 X
024  000900 N
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<PAGE>      PAGE  49
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039  000900 N
040  000900 N
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<PAGE>      PAGE  50
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049  000900 N
050  000900 N
051  000900 N
052  000900 N
053 A000900 N
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055 B000900 N
056  000900 Y
057  000900 N
058 A000900 N
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<PAGE>      PAGE  51
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064 A000900 N
066 A000900 N
067  000900 N
068 A000900 N
068 B000900 N
069  000900 N
070 A010900 Y
070 A020900 N
070 B010900 N
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 N
070 E020900 N
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070 F020900 N
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070 G020900 N
070 H010900 N
070 H020900 N
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070 I020900 N
070 J010900 N
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 N
070 L020900 N
070 M010900 N
070 M020900 N
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070 N020900 N
070 O010900 N
070 O020900 N
070 P010900 N
070 P020900 N
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<PAGE>      PAGE  52
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<PAGE>      PAGE  53
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015 A001001 INVESTORS FIDUCIARY TRUST COMPANY
015 B001001 C
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015 C021001 MO
015 C031001 64105
015 C041001 1716
015 E011001 X
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<PAGE>      PAGE  54
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<PAGE>      PAGE  55
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062 P001000   0.0
062 Q001000   0.0
062 R001000   0.0
063 A001000   0
063 B001000 10.6
064 A001000 Y
<PAGE>      PAGE  56
064 B001000 N
066 A001000 N
067  001000 N
068 A001000 N
068 B001000 N
069  001000 N
070 A011000 Y
070 A021000 N
070 B011000 N
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 N
070 J021000 N
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 N
070 N021000 N
070 O011000 N
070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000      1004
071 B001000       240
071 C001000      7761
071 D001000    3
072 A001000  6
072 B001000      216
072 C001000        0
072 D001000        0
072 E001000        0
<PAGE>      PAGE  57
072 F001000       22
072 G001000        0
072 H001000        0
072 I001000        3
072 J001000        0
072 K001000        0
072 L001000        0
072 M001000        1
072 N001000        2
072 O001000        0
072 P001000        0
072 Q001000        1
072 R001000        1
072 S001000        0
072 T001000        8
072 U001000        0
072 V001000        0
072 W001000        2
072 X001000       40
072 Y001000       40
072 Z001000      216
072AA001000        0
072BB001000        0
072CC011000      110
072CC021000        0
072DD011000      216
072DD021000        0
072EE001000       19
073 A011000   0.3180
073 A021000   0.0000
073 B001000   0.0293
073 C001000   0.0000
074 A001000      117
074 B001000        0
074 C001000      100
074 D001000     8251
074 E001000        0
074 F001000        0
074 G001000        0
074 H001000        0
074 I001000        0
074 J001000        0
074 K001000       14
074 L001000      200
074 M001000        0
074 N001000     8682
074 O001000        0
074 P001000        7
074 Q001000        0
074 R011000        0
074 R021000        0
<PAGE>      PAGE  58
074 R031000        0
074 R041000        3
074 S001000        0
074 T001000     8672
074 U011000      722
074 U021000        0
074 V011000    12.02
074 V021000     0.00
074 W001000   0.0000
074 X001000      148
074 Y001000        0
075 A001000        0
075 B001000     8167
076  001000     0.00
015 A001101 INVESTORS FIDUCIARY TRUST COMPANY
015 B001101 C
015 C011101 KANSAS CITY
015 C021101 MO
015 C031101 64105
015 C041101 1716
015 E011101 X
024  001100 Y
025 A001101 MERRILL LYNCH
025 B001101 13-5674085
025 C001101 D
025 D001101    1200
025 A001102 PRUDENTIAL FUNDING
025 B001102 22-2231168
025 C001102 D
025 D001102    3400
025 D001103       0
025 D001104       0
025 D001105       0
025 D001106       0
025 D001107       0
025 D001108       0
028 A011100      3278
028 A021100       191
028 A031100         0
028 A041100      3383
028 B011100      6293
028 B021100       186
028 B031100         0
028 B041100      1560
028 C011100      3950
028 C021100       204
028 C031100         0
028 C041100      1493
028 D011100      3778
028 D021100       202
028 D031100         0
<PAGE>      PAGE  59
028 D041100      4758
028 E011100      7250
028 E021100       198
028 E031100         0
028 E041100      2865
028 F011100      6590
028 F021100       211
028 F031100         0
028 F041100      3088
028 G011100     31139
028 G021100      1192
028 G031100         0
028 G041100     17147
028 H001100     29084
029  001100 Y
030 A001100    492
030 B001100  1.00
030 C001100  0.00
031 A001100    372
031 B001100      0
032  001100    120
033  001100      0
034  001100 Y
035  001100      0
036 A001100 N
036 B001100      0
037  001100 N
038  001100      0
039  001100 N
040  001100 Y
041  001100 Y
042 A001100   0
042 B001100   0
042 C001100  32
042 D001100  68
042 E001100   0
042 F001100   0
042 G001100   0
042 H001100   0
043  001100     90
044  001100      0
045  001100 Y
046  001100 N
047  001100 Y
048  001100  0.000
048 A011100   200000
048 A021100 0.550
048 B011100   200000
048 B021100 0.500
048 C011100        0
048 C021100 0.000
<PAGE>      PAGE  60
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   400000
048 K021100 0.450
049  001100 N
050  001100 N
051  001100 N
052  001100 N
053 A001100 Y
053 B001100 Y
053 C001100 N
055 A001100 Y
055 B001100 N
056  001100 Y
057  001100 N
058 A001100 N
059  001100 Y
060 A001100 Y
060 B001100 Y
061  001100     1000
062 A001100 Y
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   7.6
062 J001100   0.0
062 K001100   0.0
062 L001100   0.0
062 M001100   5.0
062 N001100  89.7
062 O001100   0.0
062 P001100   0.0
062 Q001100   0.0
062 R001100   0.0
063 A001100   0
<PAGE>      PAGE  61
063 B001100  3.7
064 A001100 N
066 A001100 N
067  001100 N
068 A001100 N
068 B001100 N
069  001100 N
070 A011100 Y
070 A021100 Y
070 B011100 N
070 B021100 N
070 C011100 N
070 C021100 N
070 D011100 N
070 D021100 N
070 E011100 N
070 E021100 N
070 F011100 N
070 F021100 N
070 G011100 N
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 N
070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 Y
070 L021100 N
070 M011100 N
070 M021100 N
070 N011100 N
070 N021100 N
070 O011100 N
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100     56916
071 B001100     42595
071 C001100     50028
071 D001100   85
072 A001100  6
072 B001100     1770
072 C001100        0
072 D001100        0
<PAGE>      PAGE  62
072 E001100        0
072 F001100      136
072 G001100        0
072 H001100        0
072 I001100       28
072 J001100        0
072 K001100        0
072 L001100        2
072 M001100        3
072 N001100       12
072 O001100        0
072 P001100        0
072 Q001100        8
072 R001100        3
072 S001100        1
072 T001100       90
072 U001100        0
072 V001100        0
072 W001100        7
072 X001100      290
072 Y001100       58
072 Z001100     1538
072AA001100       34
072BB001100        0
072CC011100      246
072CC021100        0
072DD011100     1469
072DD021100        0
072EE001100        0
073 A011100   0.2810
073 A021100   0.0000
073 B001100   0.0000
073 C001100   0.0000
074 A001100       58
074 B001100     3400
074 C001100     1200
074 D001100    57293
074 E001100        0
074 F001100        0
074 G001100        0
074 H001100        0
074 I001100        0
074 J001100     7223
074 K001100       36
074 L001100      414
074 M001100        0
074 N001100    69624
074 O001100     9007
074 P001100       69
074 Q001100        0
074 R011100        0
<PAGE>      PAGE  63
074 R021100        0
074 R031100        0
074 R041100       14
074 S001100        0
074 T001100    60534
074 U011100     6122
074 U021100        0
074 V011100     9.89
074 V021100     0.00
074 W001100   0.0000
074 X001100     1738
074 Y001100        0
075 A001100        0
075 B001100    51560
076  001100     0.00
015 A001201 INVESTORS FIDUCIARY TRUST COMPANY
015 B001201 C
015 C011201 KANSAS CITY
015 C021201 MO
015 C031201 64105
015 C041201 1716
015 E011201 X
024  001200 Y
025 A001201 MERRILL LYNCH
025 B001201 13-5674085
025 C001201 D
025 D001201    2799
025 A001202 NORWEST FINANCIAL
025 B001202 42-1186565
025 C001202 D
025 D001202    1298
025 A001203 MERRILL LYNCH
025 B001203 13-5674085
025 C001203 D
025 D001203    3492
025 A001204 PRUDENTIAL FUNDING
025 B001204 22-2231168
025 C001204 D
025 D001204    1798
025 D001205       0
025 D001206       0
025 D001207       0
025 D001208       0
028 A011200       296
028 A021200       950
028 A031200         0
028 A041200        18
028 B011200       368
028 B021200         0
028 B031200         0
028 B041200        78
<PAGE>      PAGE  64
028 C011200       438
028 C021200         0
028 C031200         0
028 C041200        84
028 D011200       830
028 D021200         0
028 D031200         0
028 D041200       115
028 E011200       617
028 E021200         0
028 E031200         0
028 E041200        39
028 F011200       507
028 F021200         0
028 F031200         0
028 F041200        20
028 G011200      3056
028 G021200       950
028 G031200         0
028 G041200       354
028 H001200         0
029  001200 N
030 A001200      0
030 B001200  0.00
030 C001200  0.00
031 A001200      0
031 B001200      0
032  001200      0
033  001200      0
034  001200 Y
035  001200      5
036 A001200 N
036 B001200      0
037  001200 N
038  001200      0
039  001200 N
040  001200 Y
041  001200 Y
042 A001200   0
042 B001200   0
042 C001200  95
042 D001200   5
042 E001200   0
042 F001200   0
042 G001200   0
042 H001200   0
043  001200     47
044  001200      0
045  001200 Y
046  001200 N
047  001200 Y
<PAGE>      PAGE  65
048  001200  0.000
048 A011200   200000
048 A021200 0.700
048 B011200   100000
048 B021200 0.650
048 C011200   100000
048 C021200 0.600
048 D011200        0
048 D021200 0.000
048 E011200        0
048 E021200 0.000
048 F011200        0
048 F021200 0.000
048 G011200        0
048 G021200 0.000
048 H011200        0
048 H021200 0.000
048 I011200        0
048 I021200 0.000
048 J011200        0
048 J021200 0.000
048 K011200   400000
048 K021200 0.550
049  001200 N
050  001200 N
051  001200 N
052  001200 N
053 A001200 N
055 A001200 N
055 B001200 N
056  001200 Y
057  001200 N
058 A001200 N
059  001200 Y
060 A001200 Y
060 B001200 Y
061  001200     1000
062 A001200 N
062 B001200   0.0
062 C001200   0.0
062 D001200   0.0
062 E001200   0.0
062 F001200   0.0
062 G001200   0.0
062 H001200   0.0
062 I001200   0.0
062 J001200   0.0
062 K001200   0.0
062 L001200   0.0
062 M001200   0.0
062 N001200   0.0
<PAGE>      PAGE  66
062 O001200   0.0
062 P001200   0.0
062 Q001200   0.0
062 R001200   0.0
063 A001200   0
063 B001200  0.0
066 A001200 Y
066 B001200 Y
066 C001200 N
066 D001200 N
066 E001200 N
066 F001200 N
066 G001200 N
067  001200 N
068 A001200 N
068 B001200 N
069  001200 N
070 A011200 Y
070 A021200 N
070 B011200 N
070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 N
070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 N
070 M011200 N
070 M021200 N
070 N011200 N
070 N021200 N
070 O011200 N
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 N
070 Q021200 N
<PAGE>      PAGE  67
070 R011200 N
070 R021200 N
071 A001200     25593
071 B001200     29488
071 C001200    119615
071 D001200   21
072 A001200  6
072 B001200      346
072 C001200      429
072 D001200        0
072 E001200        0
072 F001200      398
072 G001200        0
072 H001200        0
072 I001200      204
072 J001200        0
072 K001200        0
072 L001200       24
072 M001200        7
072 N001200       16
072 O001200        0
072 P001200        0
072 Q001200       20
072 R001200        5
072 S001200        2
072 T001200      227
072 U001200        0
072 V001200        0
072 W001200       10
072 X001200      913
072 Y001200        0
072 Z001200     -138
072AA001200    10469
072BB001200        0
072CC011200      328
072CC021200        0
072DD011200      348
072DD021200        0
072EE001200    14647
073 A011200   0.0190
073 A021200   0.0000
073 B001200   0.7470
073 C001200   0.0000
074 A001200      179
074 B001200        0
074 C001200    13386
074 D001200        0
074 E001200      308
074 F001200   118414
074 G001200        0
074 H001200        0
<PAGE>      PAGE  68
074 I001200        0
074 J001200      143
074 K001200        0
074 L001200      109
074 M001200        0
074 N001200   132539
074 O001200      388
074 P001200      178
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200        0
074 R041200      539
074 S001200        0
074 T001200   131434
074 U011200    20035
074 U021200     1875
074 V011200     6.01
074 V021200     5.87
074 W001200   0.0000
074 X001200     1388
074 Y001200        0
075 A001200        0
075 B001200     9351
076  001200     0.00
015 A001301 STATE STREET BANK & TRUST COMPANY
015 B001301 S
015 C011301 BOSTON
015 C021301 MA
015 C031301 02101
015 E011301 X
024  001300 Y
025 A001301 MERRILL LYNCH
025 B001301 13-5674085
025 C001301 D
025 D001301    2999
025 D001302       0
025 D001303       0
025 D001304       0
025 D001305       0
025 D001306       0
025 D001307       0
025 D001308       0
028 A011300       510
028 A021300       389
028 A031300         0
028 A041300        19
028 B011300       569
028 B021300         0
028 B031300         0
028 B041300        64
<PAGE>      PAGE  69
028 C011300       569
028 C021300         0
028 C031300         0
028 C041300        72
028 D011300      1044
028 D021300         0
028 D031300         0
028 D041300        90
028 E011300       867
028 E021300         0
028 E031300         0
028 E041300        80
028 F011300       878
028 F021300         0
028 F031300         0
028 F041300        84
028 G011300      4437
028 G021300       389
028 G031300         0
028 G041300       409
028 H001300         0
029  001300 N
030 A001300      0
030 B001300  0.00
030 C001300  0.00
034  001300 Y
035  001300      6
036 A001300 N
036 B001300      0
037  001300 N
038  001300      0
039  001300 N
040  001300 Y
041  001300 Y
042 A001300   0
042 B001300   0
042 C001300  93
042 D001300   7
042 E001300   0
042 F001300   0
042 G001300   0
042 H001300   0
043  001300     64
044  001300      0
045  001300 Y
046  001300 N
047  001300 Y
048  001300  0.000
048 A011300   200000
048 A021300 0.700
048 B011300   100000
<PAGE>      PAGE  70
048 B021300 0.650
048 C011300   100000
048 C021300 0.600
048 D011300        0
048 D021300 0.000
048 E011300        0
048 E021300 0.000
048 F011300        0
048 F021300 0.000
048 G011300        0
048 G021300 0.000
048 H011300        0
048 H021300 0.000
048 I011300        0
048 I021300 0.000
048 J011300        0
048 J021300 0.000
048 K011300   400000
048 K021300 0.550
049  001300 N
050  001300 N
051  001300 N
052  001300 N
053 A001300 N
055 A001300 N
055 B001300 N
056  001300 Y
057  001300 N
058 A001300 N
059  001300 Y
060 A001300 Y
060 B001300 Y
061  001300     1000
062 A001300 N
062 B001300   0.0
062 C001300   0.0
062 D001300   0.0
062 E001300   0.0
062 F001300   0.0
062 G001300   0.0
062 H001300   0.0
062 I001300   0.0
062 J001300   0.0
062 K001300   0.0
062 L001300   0.0
062 M001300   0.0
062 N001300   0.0
062 O001300   0.0
062 P001300   0.0
062 Q001300   0.0
062 R001300   0.0
<PAGE>      PAGE  71
063 A001300   0
063 B001300  0.0
066 A001300 Y
066 B001300 N
066 C001300 Y
066 D001300 N
066 E001300 N
066 F001300 N
066 G001300 N
067  001300 N
068 A001300 N
068 B001300 Y
069  001300 N
070 A011300 Y
070 A021300 N
070 B011300 N
070 B021300 N
070 C011300 N
070 C021300 N
070 D011300 N
070 D021300 N
070 E011300 N
070 E021300 N
070 F011300 N
070 F021300 N
070 G011300 N
070 G021300 N
070 H011300 N
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 N
070 J021300 N
070 K011300 Y
070 K021300 N
070 L011300 Y
070 L021300 Y
070 M011300 Y
070 M021300 Y
070 N011300 N
070 N021300 N
070 O011300 N
070 O021300 N
070 P011300 N
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300     15412
071 B001300      5752
<PAGE>      PAGE  72
071 C001300    107188
071 D001300    5
072 A001300  6
072 B001300      100
072 C001300     1410
072 D001300        0
072 E001300        0
072 F001300      349
072 G001300        0
072 H001300        0
072 I001300      104
072 J001300       42
072 K001300        0
072 L001300       11
072 M001300        6
072 N001300       20
072 O001300        0
072 P001300        0
072 Q001300       12
072 R001300        5
072 S001300        4
072 T001300      215
072 U001300        0
072 V001300        0
072 W001300        9
072 X001300      776
072 Y001300        0
072 Z001300      734
072AA001300       86
072BB001300        0
072CC011300    14178
072CC021300        0
072DD011300      616
072DD021300        0
072EE001300     3747
073 A011300   0.1180
073 A021300   0.0000
073 B001300   0.6429
073 C001300   0.0000
074 A001300     1347
074 B001300        0
074 C001300     2999
074 D001300        0
074 E001300     1853
074 F001300   117024
074 G001300        0
074 H001300        0
074 I001300        0
074 J001300      404
074 K001300        0
074 L001300      781
<PAGE>      PAGE  73
074 M001300        0
074 N001300   124408
074 O001300        0
074 P001300      151
074 Q001300        0
074 R011300        0
074 R021300        0
074 R031300        0
074 R041300       52
074 S001300        0
074 T001300   124205
074 U011300     5723
074 U021300      838
074 V011300    18.94
074 V021300    18.75
074 W001300   0.0000
074 X001300     1514
074 Y001300        0
075 A001300        0
075 B001300    12934
076  001300     0.00
015 A001401 INVESTORS FIDUCIARY TRUST COMPANY
015 B001401 C
015 C011401 KANSAS CITY
015 C021401 MO
015 C031401 64105
015 C041401 1716
015 E011401 X
024  001400 Y
025 A001401 MERRILL LYNCH
025 B001401 13.5674085
025 C001401 D
025 D001401    8996
025 A001402 MERRILL LYNCH
025 B001402 13-5674085
025 C001402 D
025 D001402    6589
025 A001403 NORWEST FINANCIAL
025 B001403 42-1186565
025 C001403 D
025 D001403    6991
025 A001404 PRUDENTIAL FUNDING
025 B001404 22-2231168
025 C001404 D
025 D001404    6983
025 A001405 NORWEST FINANCIAL
025 B001405 42-1186565
025 C001405 D
025 D001405    9983
025 A001406 TEXACO INC.
025 B001406 74-1383447
<PAGE>      PAGE  74
025 C001406 D
025 D001406    7990
025 A001407 CIT GROUP HOLDINGS
025 B001407 13-2782195
025 C001407 D
025 D001407   11000
025 D001408       0
028 A011400      5034
028 A021400      8525
028 A031400         0
028 A041400       167
028 B011400      4300
028 B021400         0
028 B031400         0
028 B041400       540
028 C011400      4025
028 C021400         0
028 C031400         0
028 C041400      1096
028 D011400      5669
028 D021400        54
028 D031400         0
028 D041400       774
028 E011400      5526
028 E021400         0
028 E031400         0
028 E041400      1136
028 F011400      5042
028 F021400         0
028 F031400         0
028 F041400       724
028 G011400     29596
028 G021400      8579
028 G031400         0
028 G041400      4437
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034  001400 Y
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036 A001400 N
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037  001400 N
038  001400      0
039  001400 N
040  001400 Y
041  001400 Y
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042 B001400   0
<PAGE>      PAGE  75
042 C001400  93
042 D001400   7
042 E001400   0
042 F001400   0
042 G001400   0
042 H001400   0
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045  001400 Y
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047  001400 Y
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048 B021400 0.000
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048 E021400 0.000
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048 F021400 0.000
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048 G021400 0.000
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048 H021400 0.000
048 I011400        0
048 I021400 0.000
048 J011400        0
048 J021400 0.000
048 K011400        0
048 K021400 0.000
049  001400 N
050  001400 N
051  001400 N
052  001400 N
053 A001400 N
055 A001400 N
055 B001400 N
056  001400 Y
057  001400 N
058 A001400 N
059  001400 Y
060 A001400 Y
060 B001400 Y
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062 A001400 N
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<PAGE>      PAGE  76
062 D001400   0.0
062 E001400   0.0
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062 G001400   0.0
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062 I001400   0.0
062 J001400   0.0
062 K001400   0.0
062 L001400   0.0
062 M001400   0.0
062 N001400   0.0
062 O001400   0.0
062 P001400   0.0
062 Q001400   0.0
062 R001400   0.0
063 A001400   0
063 B001400  0.0
066 A001400 Y
066 B001400 N
066 C001400 N
066 D001400 N
066 E001400 Y
066 F001400 N
066 G001400 N
067  001400 N
068 A001400 N
068 B001400 N
069  001400 N
070 A011400 Y
070 A021400 N
070 B011400 N
070 B021400 N
070 C011400 N
070 C021400 N
070 D011400 N
070 D021400 N
070 E011400 N
070 E021400 N
070 F011400 N
070 F021400 N
070 G011400 N
070 G021400 N
070 H011400 N
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 N
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 Y
<PAGE>      PAGE  77
070 L021400 Y
070 M011400 N
070 M021400 N
070 N011400 N
070 N021400 N
070 O011400 N
070 O021400 N
070 P011400 N
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
071 A001400    273899
071 B001400    315018
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072 H001400        0
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072 J001400       30
072 K001400        0
072 L001400       79
072 M001400       89
072 N001400       40
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072 P001400        0
072 Q001400      260
072 R001400       60
072 S001400       37
072 T001400     2831
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072 V001400        0
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072 X001400     8969
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072 Z001400     7858
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<PAGE>      PAGE  78
073 A021400   0.0940
073 B001400   4.6895
073 C001400   0.0000
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074 E001400    13306
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074 H001400        0
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074 L001400     4873
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015 A001501 INVESTORS FIDUCIARY TRUST COMPANY
015 B001501 C
015 C011501 KANSAS CITY
015 C021501 MO
015 C031501 64105
015 C041501 1716
015 E011501 X
024  001500 Y
025 A001501 LEHMAN BROS.
025 B001501 13-2518466
025 C001501 D
025 D001501    3287
025 A001502 SALOMON BROS.
025 B001502 13-3082694
025 C001502 D
<PAGE>      PAGE  79
025 D001502    3592
025 A001503 CIT GROUP HOLDINGS
025 B001503 13-2782195
025 C001503 D
025 D001503    3000
025 A001504 MERRILL LYNCH
025 B001504 13-5674085
025 C001504 D
025 D001504    5996
025 A001505 MERRILL LYNCH
025 B001505 13-5674085
025 C001505 D
025 D001505    3994
025 A001506 TEXACO INC.
025 B001506 74-1383447
025 C001506 D
025 D001506    2500
025 D001507       0
025 D001508       0
028 A011500      1232
028 A021500      1640
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028 F041500       311
028 G011500      8733
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028 G041500      1390
028 H001500         0
029  001500 N
030 A001500      0
030 B001500  0.00
<PAGE>      PAGE  80
030 C001500  0.00
034  001500 Y
035  001500     17
036 A001500 N
036 B001500      0
037  001500 N
038  001500      0
039  001500 N
040  001500 Y
041  001500 Y
042 A001500   0
042 B001500   0
042 C001500  90
042 D001500  10
042 E001500   0
042 F001500   0
042 G001500   0
042 H001500   0
043  001500    158
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045  001500 Y
046  001500 N
047  001500 Y
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048 A021500 0.700
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048 B021500 0.650
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048 D021500 0.000
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048 E021500 0.000
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048 F021500 0.000
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048 G021500 0.000
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048 H021500 0.000
048 I011500        0
048 I021500 0.000
048 J011500        0
048 J021500 0.000
048 K011500   400000
048 K021500 0.550
049  001500 N
050  001500 N
051  001500 N
052  001500 N
053 A001500 N
<PAGE>      PAGE  81
055 A001500 N
055 B001500 N
056  001500 Y
057  001500 N
058 A001500 N
059  001500 Y
060 A001500 Y
060 B001500 Y
061  001500     1000
062 A001500 N
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062 C001500   0.0
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062 F001500   0.0
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062 H001500   0.0
062 I001500   0.0
062 J001500   0.0
062 K001500   0.0
062 L001500   0.0
062 M001500   0.0
062 N001500   0.0
062 O001500   0.0
062 P001500   0.0
062 Q001500   0.0
062 R001500   0.0
063 A001500   0
063 B001500  0.0
066 A001500 Y
066 B001500 N
066 C001500 N
066 D001500 N
066 E001500 N
066 F001500 N
066 G001500 Y
067  001500 Y
068 A001500 N
068 B001500 N
069  001500 N
070 A011500 Y
070 A021500 N
070 B011500 N
070 B021500 N
070 C011500 N
070 C021500 N
070 D011500 N
070 D021500 N
070 E011500 N
070 E021500 N
070 F011500 N
<PAGE>      PAGE  82
070 F021500 N
070 G011500 N
070 G021500 N
070 H011500 N
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 N
070 J021500 N
070 K011500 Y
070 K021500 N
070 L011500 Y
070 L021500 Y
070 M011500 N
070 M021500 N
070 N011500 N
070 N021500 N
070 O011500 N
070 O021500 N
070 P011500 N
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 N
070 R021500 N
071 A001500    132710
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072 A001500  6
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072 O001500        0
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072 R001500       16
072 S001500        6
072 T001500      649
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<PAGE>      PAGE  83
072 W001500       11
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073 A021500   0.2050
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074 D001500   130755
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074 F001500   223059
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074 W001500   0.0000
074 X001500      426
074 Y001500        0
075 A001500        0
075 B001500    31673
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015 A001601 INVESTORS FIDUCIARY TRUST COMPANY
015 B001601 C
015 C011601 KANSAS CITY
<PAGE>      PAGE  84
015 C021601 MO
015 C031601 64105
015 C041601 1716
015 E011601 X
024  001600 Y
025 A001601 LEHMAN BROS.
025 B001601 13-2518466
025 C001601 D
025 D001601    3521
025 A001602 SALOMON BROS.
025 B001602 13-3082694
025 C001602 D
025 D001602    3848
025 A001603 CIT GROUP HOLDINGS
025 B001603 13-2782195
025 C001603 D
025 D001603    2395
025 A001604 NORWEST FINANCIAL
025 B001604 42-1186565
025 C001604 D
025 D001604    1796
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028 G021600       153
<PAGE>      PAGE  85
028 G031600         0
028 G041600      1066
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029  001600 N
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034  001600 Y
035  001600     17
036 A001600 N
036 B001600      0
037  001600 N
038  001600      0
039  001600 N
040  001600 Y
041  001600 Y
042 A001600   0
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042 C001600  85
042 D001600  15
042 E001600   0
042 F001600   0
042 G001600   0
042 H001600   0
043  001600     47
044  001600      0
045  001600 Y
046  001600 N
047  001600 Y
048  001600  0.000
048 A011600   200000
048 A021600 0.550
048 B011600   200000
048 B021600 0.500
048 C011600        0
048 C021600 0.000
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048 D021600 0.000
048 E011600        0
048 E021600 0.000
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048 F021600 0.000
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048 G021600 0.000
048 H011600        0
048 H021600 0.000
048 I011600        0
048 I021600 0.000
048 J011600        0
048 J021600 0.000
048 K011600   400000
<PAGE>      PAGE  86
048 K021600 0.450
049  001600 N
050  001600 N
051  001600 N
052  001600 N
053 A001600 Y
053 B001600 Y
053 C001600 N
055 A001600 N
055 B001600 N
056  001600 Y
057  001600 N
058 A001600 N
059  001600 Y
060 A001600 Y
060 B001600 Y
061  001600     1000
062 A001600 Y
062 B001600   0.0
062 C001600   0.0
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062 H001600   0.0
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062 J001600   0.0
062 K001600   0.0
062 L001600   0.0
062 M001600  14.3
062 N001600  14.5
062 O001600   0.0
062 P001600  68.9
062 Q001600   0.0
062 R001600   0.0
063 A001600   0
063 B001600 11.7
064 A001600 N
066 A001600 N
067  001600 N
068 A001600 N
068 B001600 N
069  001600 N
070 A011600 Y
070 A021600 N
070 B011600 N
070 B021600 N
070 C011600 N
070 C021600 N
070 D011600 N
070 D021600 N
<PAGE>      PAGE  87
070 E011600 N
070 E021600 N
070 F011600 N
070 F021600 N
070 G011600 N
070 G021600 N
070 H011600 N
070 H021600 N
070 I011600 N
070 I021600 N
070 J011600 N
070 J021600 N
070 K011600 Y
070 K021600 N
070 L011600 Y
070 L021600 Y
070 M011600 N
070 M021600 N
070 N011600 N
070 N021600 N
070 O011600 N
070 O021600 N
070 P011600 N
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 N
070 R021600 N
071 A001600     72662
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072 M001600        5
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072 R001600        4
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<PAGE>      PAGE  88
072 T001600      136
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075 B001600     9397
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<PAGE>      PAGE  89
015 A001701 INVESTORS FIDUCIARY TRUST COMPANY
015 B001701 C
015 C011701 KANSAS CITY
015 C021701 MO
015 C031701 64105
015 C041701 1716
015 E011701 X
024  001700 Y
025 A001701 MERRILL LYNCH
025 B001701 13-5674085
025 C001701 D
025 D001701    2599
025 D001702       0
025 D001703       0
025 D001704       0
025 D001705       0
025 D001706       0
025 D001707       0
025 D001708       0
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029  001700 N
030 A001700      0
030 B001700  0.00
<PAGE>      PAGE  90
030 C001700  0.00
034  001700 Y
035  001700      0
036 A001700 N
036 B001700      0
037  001700 N
038  001700      0
039  001700 N
040  001700 Y
041  001700 Y
042 A001700   0
042 B001700   0
042 C001700 100
042 D001700   0
042 E001700   0
042 F001700   0
042 G001700   0
042 H001700   0
043  001700      4
044  001700      0
045  001700 Y
046  001700 N
047  001700 Y
048  001700  0.000
048 A011700   200000
048 A021700 0.700
048 B011700   100000
048 B021700 0.650
048 C011700   100000
048 C021700 0.600
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048 E021700 0.000
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048 I021700 0.000
048 J011700        0
048 J021700 0.000
048 K011700   400000
048 K021700 0.550
049  001700 N
050  001700 N
051  001700 N
052  001700 N
053 A001700 N
<PAGE>      PAGE  91
055 A001700 Y
055 B001700 N
056  001700 Y
057  001700 N
058 A001700 N
059  001700 Y
060 A001700 Y
060 B001700 Y
061  001700     1000
062 A001700 N
062 B001700   0.0
062 C001700   0.0
062 D001700   0.0
062 E001700   0.0
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062 H001700   0.0
062 I001700   0.0
062 J001700   0.0
062 K001700   0.0
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062 O001700   0.0
062 P001700   0.0
062 Q001700   0.0
062 R001700   0.0
063 A001700   0
063 B001700  0.0
066 A001700 Y
066 B001700 N
066 C001700 N
066 D001700 Y
066 E001700 N
066 F001700 N
066 G001700 N
067  001700 N
068 A001700 N
068 B001700 N
069  001700 N
070 A011700 Y
070 A021700 N
070 B011700 N
070 B021700 N
070 C011700 N
070 C021700 N
070 D011700 N
070 D021700 N
070 E011700 N
070 E021700 N
070 F011700 N
<PAGE>      PAGE  92
070 F021700 N
070 G011700 N
070 G021700 N
070 H011700 N
070 H021700 N
070 I011700 N
070 I021700 N
070 J011700 N
070 J021700 N
070 K011700 Y
070 K021700 N
070 L011700 Y
070 L021700 N
070 M011700 N
070 M021700 N
070 N011700 N
070 N021700 N
070 O011700 N
070 O021700 N
070 P011700 N
070 P021700 N
070 Q011700 N
070 Q021700 N
070 R011700 N
070 R021700 N
071 A001700     50762
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072 R001700        5
072 S001700        3
072 T001700      144
072 U001700        0
072 V001700        0
<PAGE>      PAGE  93
072 W001700        7
072 X001700      622
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072 Z001700      -90
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072EE001700    24254
073 A011700   0.0000
073 A021700   0.0000
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074 A001700     1134
074 B001700        0
074 C001700     6096
074 D001700        0
074 E001700        0
074 F001700    94410
074 G001700        0
074 H001700        0
074 I001700        0
074 J001700        0
074 K001700        0
074 L001700      112
074 M001700        0
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074 O001700     1237
074 P001700      137
074 Q001700        0
074 R011700        0
074 R021700        0
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074 S001700        0
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074 U011700     6760
074 U021700      148
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074 W001700   0.0000
074 X001700      356
074 Y001700        0
075 A001700        0
075 B001700     1023
076  001700     0.00
015 A001801 INVESTORS FIDUCIARY TRUST COMPANY
015 B001801 C
015 C011801 KANSAS CITY
<PAGE>      PAGE  94
015 C021801 MO
015 C031801 64105
015 C041801 1716
015 E011801 X
024  001800 N
025 D001801       0
025 D001802       0
025 D001803       0
025 D001804       0
025 D001805       0
025 D001806       0
025 D001807       0
025 D001808       0
028 A011800      1036
028 A021800        10
028 A031800         0
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028 B011800       715
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028 C021800        12
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028 D021800        12
028 D031800         0
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028 E011800       590
028 E021800        14
028 E031800         0
028 E041800       545
028 F011800       553
028 F021800        13
028 F031800         0
028 F041800       417
028 G011800      3698
028 G021800        73
028 G031800         0
028 G041800      3176
028 H001800         0
029  001800 N
030 A001800      0
030 B001800  0.00
030 C001800  0.00
034  001800 N
035  001800      0
036 B001800      0
037  001800 N
038  001800      0
<PAGE>      PAGE  95
039  001800 N
040  001800 N
042 A001800   0
042 B001800   0
042 C001800   0
042 D001800   0
042 E001800   0
042 F001800   0
042 G001800   0
042 H001800   0
043  001800      0
044  001800      0
045  001800 Y
046  001800 N
047  001800 Y
048  001800  0.000
048 A011800   300000
048 A021800 0.400
048 B011800        0
048 B021800 0.000
048 C011800        0
048 C021800 0.000
048 D011800        0
048 D021800 0.000
048 E011800        0
048 E021800 0.000
048 F011800        0
048 F021800 0.000
048 G011800        0
048 G021800 0.000
048 H011800        0
048 H021800 0.000
048 I011800        0
048 I021800 0.000
048 J011800        0
048 J021800 0.000
048 K011800   300000
048 K021800 0.350
049  001800 N
050  001800 N
051  001800 N
052  001800 N
053 A001800 N
055 A001800 Y
055 B001800 N
056  001800 Y
057  001800 N
058 A001800 N
059  001800 Y
060 A001800 Y
060 B001800 Y
<PAGE>      PAGE  96
061  001800     1000
062 A001800 Y
062 B001800  99.4
062 C001800   0.0
062 D001800   0.0
062 E001800   0.0
062 F001800   0.0
062 G001800   0.0
062 H001800   0.0
062 I001800   0.0
062 J001800   0.0
062 K001800   0.0
062 L001800   0.0
062 M001800   0.0
062 N001800   0.0
062 O001800   0.0
062 P001800   0.0
062 Q001800   0.0
062 R001800   0.0
063 A001800  77
063 B001800  0.0
064 A001800 N
066 A001800 N
067  001800 N
068 A001800 N
068 B001800 N
069  001800 N
070 A011800 Y
070 A021800 N
070 B011800 N
070 B021800 N
070 C011800 N
070 C021800 N
070 D011800 N
070 D021800 N
070 E011800 N
070 E021800 N
070 F011800 N
070 F021800 N
070 G011800 N
070 G021800 N
070 H011800 N
070 H021800 N
070 I011800 N
070 I021800 N
070 J011800 N
070 J021800 N
070 K011800 Y
070 K021800 N
070 L011800 N
070 L021800 N
<PAGE>      PAGE  97
070 M011800 N
070 M021800 N
070 N011800 N
070 N021800 N
070 O011800 N
070 O021800 N
070 P011800 N
070 P021800 N
070 Q011800 N
070 Q021800 N
070 R011800 N
070 R021800 N
071 A001800         0
071 B001800         0
071 C001800         0
071 D001800    0
072 A001800  6
072 B001800     2238
072 C001800        0
072 D001800        0
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072 F001800      171
072 G001800        0
072 H001800        0
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072 J001800        9
072 K001800        0
072 L001800        4
072 M001800        5
072 N001800       16
072 O001800        0
072 P001800        0
072 Q001800       13
072 R001800        4
072 S001800        2
072 T001800        0
072 U001800        0
072 V001800        0
072 W001800        5
072 X001800      315
072 Y001800        0
072 Z001800     1923
072AA001800        0
072BB001800        0
072CC011800        0
072CC021800        0
072DD011800     1837
072DD021800       86
072EE001800        0
073 A011800   0.0230
073 A021800   0.0230
<PAGE>      PAGE  98
073 B001800   0.0000
073 C001800   0.0000
074 A001800      206
074 B001800        0
074 C001800    92001
074 D001800        0
074 E001800        0
074 F001800        0
074 G001800        0
074 H001800        0
074 I001800        0
074 J001800        0
074 K001800        0
074 L001800     1228
074 M001800        0
074 N001800    93435
074 O001800        0
074 P001800       42
074 Q001800        0
074 R011800        0
074 R021800        0
074 R031800        0
074 R041800     1574
074 S001800        0
074 T001800    91819
074 U011800    87925
074 U021800     3894
074 V011800     1.00
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074 W001800   0.9999
074 X001800      153
074 Y001800        0
075 A001800     3859
075 B001800        0
076  001800     0.00
015 A001901 INVESTORS FIDUCIARY TRUST COMPANY
015 B001901 C
015 C011901 KANSAS CITY
015 C021901 MO
015 C031901 64105
015 C041901 1716
015 E011901 X
024  001900 N
025 D001901       0
025 D001902       0
025 D001903       0
025 D001904       0
025 D001905       0
025 D001906       0
025 D001907       0
025 D001908       0
<PAGE>      PAGE  99
028 A011900      2298
028 A021900       160
028 A031900         0
028 A041900       334
028 B011900      3195
028 B021900        80
028 B031900         0
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028 C011900      1631
028 C021900        85
028 C031900         0
028 C041900        27
028 D011900      5229
028 D021900       106
028 D031900         0
028 D041900       177
028 E011900      1427
028 E021900       110
028 E031900         0
028 E041900       318
028 F011900      2085
028 F021900       111
028 F031900         0
028 F041900       179
028 G011900     15865
028 G021900       652
028 G031900         0
028 G041900      1118
028 H001900     11740
029  001900 Y
030 A001900    252
030 B001900  4.00
030 C001900  0.00
031 A001900    190
031 B001900      0
032  001900     62
033  001900      0
034  001900 Y
035  001900      0
036 A001900 N
036 B001900      0
037  001900 N
038  001900      0
039  001900 N
040  001900 Y
041  001900 Y
042 A001900   0
042 B001900   0
042 C001900  49
042 D001900  51
042 E001900   0
<PAGE>      PAGE  100
042 F001900   0
042 G001900   0
042 H001900   0
043  001900      5
044  001900      0
045  001900 Y
046  001900 N
047  001900 Y
048  001900  0.000
048 A011900   100000
048 A021900 0.750
048 B011900   100000
048 B021900 0.700
048 C011900   100000
048 C021900 0.650
048 D011900        0
048 D021900 0.000
048 E011900        0
048 E021900 0.000
048 F011900        0
048 F021900 0.000
048 G011900        0
048 G021900 0.000
048 H011900        0
048 H021900 0.000
048 I011900        0
048 I021900 0.000
048 J011900        0
048 J021900 0.000
048 K011900   300000
048 K021900 0.600
049  001900 N
050  001900 N
051  001900 N
052  001900 N
053 A001900 N
055 A001900 N
055 B001900 N
056  001900 Y
057  001900 N
058 A001900 N
059  001900 Y
060 A001900 Y
060 B001900 Y
061  001900     1000
062 A001900 Y
062 B001900   0.0
062 C001900   4.3
062 D001900   0.0
062 E001900   0.0
062 F001900   0.0
<PAGE>      PAGE  101
062 G001900   0.0
062 H001900   0.0
062 I001900   0.0
062 J001900   0.0
062 K001900   0.0
062 L001900   0.0
062 M001900   0.0
062 N001900   0.0
062 O001900   0.0
062 P001900  85.8
062 Q001900   0.0
062 R001900   6.5
063 A001900   0
063 B001900  9.6
064 A001900 N
066 A001900 N
067  001900 N
068 A001900 N
068 B001900 N
069  001900 N
070 A011900 Y
070 A021900 N
070 B011900 N
070 B021900 N
070 C011900 N
070 C021900 N
070 D011900 N
070 D021900 N
070 E011900 N
070 E021900 N
070 F011900 N
070 F021900 N
070 G011900 N
070 G021900 N
070 H011900 N
070 H021900 N
070 I011900 N
070 I021900 N
070 J011900 Y
070 J021900 Y
070 K011900 Y
070 K021900 N
070 L011900 Y
070 L021900 Y
070 M011900 N
070 M021900 N
070 N011900 N
070 N021900 N
070 O011900 N
070 O021900 N
070 P011900 N
<PAGE>      PAGE  102
070 P021900 N
070 Q011900 N
070 Q021900 N
070 R011900 N
070 R021900 N
071 A001900     71000
071 B001900     46742
071 C001900     56275
071 D001900   83
072 A001900  6
072 B001900     2727
072 C001900      118
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072 H001900        0
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072 K001900        0
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072 M001900        3
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072 O001900        0
072 P001900        0
072 Q001900        9
072 R001900        2
072 S001900        1
072 T001900      117
072 U001900        0
072 V001900        0
072 W001900        9
072 X001900      407
072 Y001900        0
072 Z001900     2438
072AA001900      989
072BB001900        0
072CC011900      356
072CC021900        0
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072DD021900     1652
072EE001900        0
073 A011900   0.4350
073 A021900   0.4270
073 B001900   0.0876
073 C001900   0.0000
074 A001900      725
074 B001900        0
074 C001900     3256
074 D001900    63657
074 E001900     5469
<PAGE>      PAGE  103
074 F001900        0
074 G001900        0
074 H001900        0
074 I001900        0
074 J001900     2018
074 K001900        0
074 L001900     1732
074 M001900        0
074 N001900    76857
074 O001900     1776
074 P001900       80
074 Q001900        0
074 R011900        0
074 R021900        0
074 R031900        0
074 R041900       47
074 S001900        0
074 T001900    74954
074 U011900     2512
074 U021900     4530
074 V011900    10.63
074 V021900    10.62
074 W001900   0.0000
074 X001900      693
074 Y001900        0
075 A001900        0
075 B001900    19216
076  001900     0.00
015 A002001 INVESTORS FIDUCIARY TRUST COMPANY
015 B002001 C
015 C012001 KANSAS CITY
015 C022001 MO
015 C032001 64105
015 C042001 1716
015 E012001 X
024  002000 N
025 D002001       0
025 D002002       0
025 D002003       0
025 D002004       0
025 D002005       0
025 D002006       0
025 D002007       0
025 D002008       0
028 A012000      1386
028 A022000       138
028 A032000         0
028 A042000        43
028 B012000      2148
028 B022000        66
028 B032000         0
<PAGE>      PAGE  104
028 B042000        93
028 C012000      2690
028 C022000        65
028 C032000         0
028 C042000       304
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028 D022000        88
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028 H002000         0
034  002000 Y
035  002000     35
036 A002000 N
036 B002000      0
037  002000 N
038  002000      0
039  002000 N
040  002000 Y
041  002000 Y
042 A002000   0
042 B002000   0
042 C002000 100
042 D002000   0
042 E002000   0
042 F002000   0
042 G002000   0
042 H002000   0
043  002000     30
044  002000      0
045  002000 Y
046  002000 N
047  002000 Y
048  002000  0.000
048 A012000   100000
048 A022000 0.750
048 B012000   100000
048 B022000 0.700
048 C012000   100000
048 C022000 0.650
<PAGE>      PAGE  105
048 D012000        0
048 D022000 0.000
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048 E022000 0.000
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048 G022000 0.000
048 H012000        0
048 H022000 0.000
048 I012000        0
048 I022000 0.000
048 J012000        0
048 J022000 0.000
048 K012000   300000
048 K022000 0.600
049  002000 N
050  002000 N
051  002000 N
052  002000 N
053 A002000 N
055 A002000 N
055 B002000 N
056  002000 Y
057  002000 N
058 A002000 N
059  002000 Y
060 A002000 Y
060 B002000 Y
061  002000     1000
062 A002000 Y
062 B002000   0.0
062 C002000   4.3
062 D002000   0.0
062 E002000   0.0
062 F002000   0.0
062 G002000   0.0
062 H002000   0.0
062 I002000   0.0
062 J002000   0.0
062 K002000   0.0
062 L002000   0.0
062 M002000   0.0
062 N002000   0.0
062 O002000   0.0
062 P002000  85.8
062 Q002000   0.0
062 R002000   6.5
063 A002000   0
063 B002000  9.6
064 A002000 N
<PAGE>      PAGE  106
066 A002000 N
067  002000 N
068 A002000 N
068 B002000 N
069  002000 N
070 A012000 Y
070 A022000 N
070 B012000 N
070 B022000 N
070 C012000 N
070 C022000 N
070 D012000 N
070 D022000 N
070 E012000 N
070 E022000 N
070 F012000 N
070 F022000 N
070 G012000 N
070 G022000 N
070 H012000 N
070 H022000 N
070 I012000 N
070 I022000 N
070 J012000 Y
070 J022000 Y
070 K012000 Y
070 K022000 N
070 L012000 Y
070 L022000 Y
070 M012000 N
070 M022000 N
070 N012000 N
070 N022000 N
070 O012000 N
070 O022000 N
070 P012000 N
070 P022000 N
070 Q012000 N
070 Q022000 N
070 R012000 N
070 R022000 N
071 A002000     71000
071 B002000     46742
071 C002000     56275
071 D002000   83
072 A002000  6
072 B002000     2727
072 C002000      118
072 D002000        0
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072 F002000      225
<PAGE>      PAGE  107
072 G002000        0
072 H002000        0
072 I002000       18
072 J002000        0
072 K002000        0
072 L002000        4
072 M002000        3
072 N002000       19
072 O002000        0
072 P002000        0
072 Q002000        9
072 R002000        2
072 S002000        1
072 T002000      117
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072 V002000        0
072 W002000        9
072 X002000      407
072 Y002000        0
072 Z002000     2438
072AA002000      989
072BB002000        0
072CC012000      356
072CC022000        0
072DD012000      799
072DD022000     1652
072EE002000      396
073 A012000   0.4350
073 A022000   0.4270
073 B002000   0.0876
073 C002000   0.0000
074 A002000      725
074 B002000        0
074 C002000     3256
074 D002000    63657
074 E002000     5469
074 F002000        0
074 G002000        0
074 H002000        0
074 I002000        0
074 J002000     2018
074 K002000        0
074 L002000     1732
074 M002000        0
074 N002000    76857
074 O002000     1776
074 P002000       80
074 Q002000        0
074 R012000        0
074 R022000        0
074 R032000        0
<PAGE>      PAGE  108
074 R042000       47
074 S002000        0
074 T002000    74954
074 U012000     2512
074 U022000     4530
074 V012000    10.63
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074 W002000   0.0000
074 X002000      982
074 Y002000        0
075 A002000        0
075 B002000    40804
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015 A002101 INVESTORS FIDUCIARY TRUST COMPANY
015 B002101 C
015 C012101 KANSAS CITY
015 C022101 MO
015 C032101 64105
015 C042101 1716
015 E012101 X
024  002100 Y
025 A002101 LEHMAN BROS
025 B002101 13-2518466
025 C002101 D
025 D002101    3287
025 A002102 SALOMON BROS.
025 B002102 13-3082694
025 C002102 D
025 D002102    3592
025 A002103 CIT GROUP HOLDINGS
025 B002103 13-2782195
025 C002103 D
025 D002103    3000
025 A002104 MERRILL LYNCH
025 B002104 13-5674085
025 C002104 D
025 D002104    5996
025 A002105 MERRILL LYNCH
025 B002105 13-5674085
025 C002105 D
025 D002105    3994
025 A002106 TEXACO INC.
025 B002106 74-1383447
025 C002106 D
025 D002106    2500
025 D002107       0
025 D002108       0
028 A012100         0
028 A022100         0
028 A032100         0
028 A042100         0
<PAGE>      PAGE  109
028 B012100         0
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028 G022100         0
028 G032100         0
028 G042100         0
028 H002100         0
029  002100 N
030 A002100      0
030 B002100  0.00
030 C002100  0.00
034  002100 Y
035  002100      0
036 A002100 N
036 B002100      0
037  002100 N
038  002100      0
039  002100 N
040  002100 Y
041  002100 Y
045  002100 Y
046  002100 N
047  002100 Y
048  002100  0.000
048 A012100   200000
048 A022100 0.700
048 B012100   100000
048 B022100 0.650
048 C012100   100000
048 C022100 0.600
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048 D022100 0.000
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<PAGE>      PAGE  110
048 E022100 0.000
048 F012100        0
048 F022100 0.000
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048 G022100 0.000
048 H012100        0
048 H022100 0.000
048 I012100        0
048 I022100 0.000
048 J012100        0
048 J022100 0.000
048 K012100   400000
048 K022100 0.550
049  002100 N
050  002100 N
051  002100 N
052  002100 N
053 A002100 N
058 A002100 N
059  002100 Y
060 A002100 Y
060 B002100 Y
061  002100     1000
062 A002100 N
062 B002100   0.0
062 C002100   0.0
062 D002100   0.0
062 E002100   0.0
062 F002100   0.0
062 G002100   0.0
062 H002100   0.0
062 I002100   0.0
062 J002100   0.0
062 K002100   0.0
062 L002100   0.0
062 M002100   0.0
062 N002100   0.0
062 O002100   0.0
062 P002100   0.0
062 Q002100   0.0
062 R002100   0.0
066 A002100 Y
066 B002100 N
066 C002100 N
066 D002100 N
066 E002100 N
066 F002100 N
066 G002100 Y
067  002100 Y
068 A002100 N
068 B002100 N
<PAGE>      PAGE  111
069  002100 N
070 A012100 Y
070 A022100 N
070 B012100 N
070 B022100 N
070 C012100 N
070 C022100 N
070 D012100 N
070 D022100 N
070 E012100 N
070 E022100 N
070 F012100 N
070 F022100 N
070 G012100 N
070 G022100 N
070 H012100 N
070 H022100 N
070 I012100 N
070 I022100 N
070 J012100 N
070 J022100 N
070 K012100 Y
070 K022100 N
070 L012100 Y
070 L022100 Y
070 M012100 N
070 M022100 N
070 N012100 N
070 N022100 N
070 O012100 N
070 O022100 N
070 P012100 N
070 P022100 N
070 Q012100 N
070 Q022100 N
070 R012100 N
070 R022100 N
071 A002100    132710
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071 D002100   38
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<PAGE>      PAGE  112
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072 R002100       16
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072 X002100     2131
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072BB002100        0
072CC012100     5514
072CC022100        0
072DD012100        0
072DD022100        0
072EE002100        0
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<PAGE>      PAGE  113
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<PAGE>      PAGE  114
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066 D002200 N
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066 G002200 N
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068 B002200 N
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<PAGE>      PAGE  116
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070 F012200 N
070 F022200 N
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070 G022200 N
070 H012200 N
070 H022200 N
070 I012200 N
070 I022200 N
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070 P012200 N
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070 Q012200 N
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<PAGE>      PAGE  117
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<PAGE>      PAGE  118
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<PAGE>      PAGE  119
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<PAGE>      PAGE  120
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070 G012300 N
070 G022300 N
070 H012300 N
070 H022300 N
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070 I022300 N
070 J012300 N
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<PAGE>      PAGE  121
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<PAGE>      PAGE  122
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015 A002401 INVESTORS FIDUCIARY TRUST COMPANY
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<PAGE>      PAGE  123
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<PAGE>      PAGE  124
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<PAGE>      PAGE  125
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<PAGE>      PAGE  126
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<PAGE>      PAGE  127
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SIGNATURE   THOMAS P. MALONE
TITLE       VP / TREASURER
 

For the period ending 05/31/98
File Number 811-214


This report is signed on behalf of the registrant.

City of: Montpelier     State of: Vermont    Date: 07/23/98


Name of Registrant: SENTINEL GROUP FUNDS, INC.




By:  _____________________                        Witness:  ___________________
     Thomas P. Malone                                          Scott G. Wheeler
     Vice President and Treasurer                      Assistant Vice President
                                                        and Assistant Treasurer
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>


<ARTICLE>                                            6
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                              993,408,641   
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<OTHER-ITEMS-ASSETS>                                         0   
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<SENIOR-LONG-TERM-DEBT>                                      0   
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<SENIOR-EQUITY>                                              0   
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<NET-ASSETS>                                     1,640,492,682   
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<INTEREST-INCOME>                                    1,713,900   
<OTHER-INCOME>                                               0   
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<EQUALIZATION>                                               0   
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<PER-SHARE-NII>                                              0.21
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<PER-SHARE-DISTRIBUTIONS>                                    4.69
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                         44.16
<EXPENSE-RATIO>                                              1.02
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
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<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                   1,758,226,351   
<PAYABLE-FOR-SECURITIES>                             1,080,000   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                            3,237,955   
<TOTAL-LIABILITIES>                                  4,317,955   
<SENIOR-EQUITY>                                              0   
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<SHARES-COMMON-PRIOR>                                1,755,409   
<ACCUMULATED-NII-CURRENT>                            2,689,909   
<OVERDISTRIBUTION-NII>                                       0   
<ACCUMULATED-NET-GAINS>                            149,613,104   
<OVERDISTRIBUTION-GAINS>                                     0   
<ACCUM-APPREC-OR-DEPREC>                           758,643,271   
<NET-ASSETS>                                       112,733,127   
<DIVIDEND-INCOME>                                   15,113,220   
<INTEREST-INCOME>                                    1,713,900   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                       8,969,160   
<NET-INVESTMENT-INCOME>                              7,857,960   
<REALIZED-GAINS-CURRENT>                           149,611,289   
<APPREC-INCREASE-CURRENT>                           41,012,521   
<NET-CHANGE-FROM-OPS>                              198,481,770   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                              184,658   
<DISTRIBUTIONS-OF-GAINS>                             8,547,448   
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                                687,023   
<NUMBER-OF-SHARES-REDEEMED>                            102,973   
<SHARES-REINVESTED>                                    218,093   
<NET-CHANGE-IN-ASSETS>                             166,609,627   
<ACCUMULATED-NII-PRIOR>                              3,560,582   
<ACCUMULATED-GAINS-PRIOR>                          169,009,191   
<OVERDISTRIB-NII-PRIOR>                                      0   
<OVERDIST-NET-GAINS-PRIOR>                                   0   
<GROSS-ADVISORY-FEES>                                4,643,111   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                      9,032,114   
<AVERAGE-NET-ASSETS>                                96,447,932   
<PER-SHARE-NAV-BEGIN>                                       44.03
<PER-SHARE-NII>                                              0.03
<PER-SHARE-GAIN-APPREC>                                      4.80
<PER-SHARE-DIVIDEND>                                         0.09
<PER-SHARE-DISTRIBUTIONS>                                    4.69
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                         44.08
<EXPENSE-RATIO>                                              1.80
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                              993,408,641   
<INVESTMENTS-AT-VALUE>                           1,752,051,912   
<RECEIVABLES>                                        4,873,320   
<ASSETS-OTHER>                                       1,301,119   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                   1,758,226,351   
<PAYABLE-FOR-SECURITIES>                             1,080,000   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                            3,237,955   
<TOTAL-LIABILITIES>                                  4,317,955   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                           842,962,112   
<SHARES-COMMON-STOCK>                                   15,461   
<SHARES-COMMON-PRIOR>                                        0   
<ACCUMULATED-NII-CURRENT>                            2,689,909   
<OVERDISTRIBUTION-NII>                                       0   
<ACCUMULATED-NET-GAINS>                            149,613,104   
<OVERDISTRIBUTION-GAINS>                                     0   
<ACCUM-APPREC-OR-DEPREC>                           758,643,271   
<NET-ASSETS>                                           682,587   
<DIVIDEND-INCOME>                                   15,113,220   
<INTEREST-INCOME>                                    1,713,900   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                       8,969,160   
<NET-INVESTMENT-INCOME>                              7,857,960   
<REALIZED-GAINS-CURRENT>                           149,611,289   
<APPREC-INCREASE-CURRENT>                           41,012,521   
<NET-CHANGE-FROM-OPS>                              198,481,770   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                                    0   
<DISTRIBUTIONS-OF-GAINS>                                     0   
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                                 15,484   
<NUMBER-OF-SHARES-REDEEMED>                                 23   
<SHARES-REINVESTED>                                          0   
<NET-CHANGE-IN-ASSETS>                             166,609,627   
<ACCUMULATED-NII-PRIOR>                              3,560,582   
<ACCUMULATED-GAINS-PRIOR>                          169,009,191   
<OVERDISTRIB-NII-PRIOR>                                      0   
<OVERDIST-NET-GAINS-PRIOR>                                   0   
<GROSS-ADVISORY-FEES>                                4,643,111   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                      9,032,114   
<AVERAGE-NET-ASSETS>                                   245,839   
<PER-SHARE-NAV-BEGIN>                                       45.23
<PER-SHARE-NII>                                              0.07
<PER-SHARE-GAIN-APPREC>                                     (1.15)
<PER-SHARE-DIVIDEND>                                         0.00
<PER-SHARE-DISTRIBUTIONS>                                    0.00
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                         44.15
<EXPENSE-RATIO>                                              1.80
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                              286,037,155   
<INVESTMENTS-AT-VALUE>                             386,610,229   
<RECEIVABLES>                                        7,877,650   
<ASSETS-OTHER>                                         589,530   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                     395,077,409   
<PAYABLE-FOR-SECURITIES>                            24,127,853   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                              556,848   
<TOTAL-LIABILITIES>                                 24,684,701   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                           247,061,105   
<SHARES-COMMON-STOCK>                               16,183,152   
<SHARES-COMMON-PRIOR>                               15,519,009   
<ACCUMULATED-NII-CURRENT>                            1,387,686   
<OVERDISTRIBUTION-NII>                                       0   
<ACCUMULATED-NET-GAINS>                             21,370,843   
<OVERDISTRIBUTION-GAINS>                                     0   
<ACCUM-APPREC-OR-DEPREC>                           100,573,074   
<NET-ASSETS>                                       333,818,587   
<DIVIDEND-INCOME>                                    2,056,265   
<INTEREST-INCOME>                                    4,742,513   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                       2,130,866   
<NET-INVESTMENT-INCOME>                              4,667,912   
<REALIZED-GAINS-CURRENT>                            21,350,598   
<APPREC-INCREASE-CURRENT>                            5,514,382   
<NET-CHANGE-FROM-OPS>                               31,532,892   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                            4,329,043   
<DISTRIBUTIONS-OF-GAINS>                            18,036,497   
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                                923,629   
<NUMBER-OF-SHARES-REDEEMED>                          1,353,023   
<SHARES-REINVESTED>                                  1,093,536   
<NET-CHANGE-IN-ASSETS>                              28,852,227   
<ACCUMULATED-NII-PRIOR>                              1,371,840   
<ACCUMULATED-GAINS-PRIOR>                           19,613,116   
<OVERDISTRIB-NII-PRIOR>                                      0   
<OVERDIST-NET-GAINS-PRIOR>                                   0   
<GROSS-ADVISORY-FEES>                                1,102,119   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                      2,157,631   
<AVERAGE-NET-ASSETS>                               327,388,860   
<PER-SHARE-NAV-BEGIN>                                       20.29
<PER-SHARE-NII>                                              0.27
<PER-SHARE-GAIN-APPREC>                                      1.50
<PER-SHARE-DIVIDEND>                                         0.27
<PER-SHARE-DISTRIBUTIONS>                                    1.16
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                         20.63
<EXPENSE-RATIO>                                              1.12
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                              286,037,155   
<INVESTMENTS-AT-VALUE>                             386,610,229   
<RECEIVABLES>                                        7,877,650   
<ASSETS-OTHER>                                         589,530   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                     395,077,409   
<PAYABLE-FOR-SECURITIES>                            24,127,853   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                              556,848   
<TOTAL-LIABILITIES>                                 24,684,701   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                           247,061,105   
<SHARES-COMMON-STOCK>                                1,767,884   
<SHARES-COMMON-PRIOR>                                1,308,557   
<ACCUMULATED-NII-CURRENT>                            1,387,686   
<OVERDISTRIBUTION-NII>                                       0   
<ACCUMULATED-NET-GAINS>                             21,370,843   
<OVERDISTRIBUTION-GAINS>                                     0   
<ACCUM-APPREC-OR-DEPREC>                           100,573,074   
<NET-ASSETS>                                        36,504,114   
<DIVIDEND-INCOME>                                    2,056,265   
<INTEREST-INCOME>                                    4,742,513   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                       2,130,866   
<NET-INVESTMENT-INCOME>                              4,667,912   
<REALIZED-GAINS-CURRENT>                            21,350,598   
<APPREC-INCREASE-CURRENT>                            5,514,382   
<NET-CHANGE-FROM-OPS>                               31,532,892   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                              302,838   
<DISTRIBUTIONS-OF-GAINS>                             1,576,559   
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                                435,075   
<NUMBER-OF-SHARES-REDEEMED>                             68,068   
<SHARES-REINVESTED>                                     92,320   
<NET-CHANGE-IN-ASSETS>                              28,852,227   
<ACCUMULATED-NII-PRIOR>                              1,371,840   
<ACCUMULATED-GAINS-PRIOR>                           19,613,116   
<OVERDISTRIB-NII-PRIOR>                                      0   
<OVERDIST-NET-GAINS-PRIOR>                                   0   
<GROSS-ADVISORY-FEES>                                1,102,119   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                      2,157,631   
<AVERAGE-NET-ASSETS>                                31,673,131   
<PER-SHARE-NAV-BEGIN>                                       20.32
<PER-SHARE-NII>                                              0.18
<PER-SHARE-GAIN-APPREC>                                      1.52
<PER-SHARE-DIVIDEND>                                         0.21
<PER-SHARE-DISTRIBUTIONS>                                    1.16
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                         20.65
<EXPENSE-RATIO>                                              1.90
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                              286,037,155   
<INVESTMENTS-AT-VALUE>                             386,610,229   
<RECEIVABLES>                                        7,877,650   
<ASSETS-OTHER>                                         589,530   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                     395,077,409   
<PAYABLE-FOR-SECURITIES>                            24,127,853   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                              556,848   
<TOTAL-LIABILITIES>                                 24,684,701   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                           247,061,105   
<SHARES-COMMON-STOCK>                                    3,393   
<SHARES-COMMON-PRIOR>                                        0   
<ACCUMULATED-NII-CURRENT>                            1,387,686   
<OVERDISTRIBUTION-NII>                                       0   
<ACCUMULATED-NET-GAINS>                             21,370,843   
<OVERDISTRIBUTION-GAINS>                                     0   
<ACCUM-APPREC-OR-DEPREC>                           100,573,074   
<NET-ASSETS>                                            70,007   
<DIVIDEND-INCOME>                                    2,056,265   
<INTEREST-INCOME>                                    4,742,513   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                       2,130,866   
<NET-INVESTMENT-INCOME>                              4,667,912   
<REALIZED-GAINS-CURRENT>                            21,350,598   
<APPREC-INCREASE-CURRENT>                            5,514,382   
<NET-CHANGE-FROM-OPS>                               31,532,892   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                                    0   
<DISTRIBUTIONS-OF-GAINS>                                     0   
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                                  3,393   
<NUMBER-OF-SHARES-REDEEMED>                                  0   
<SHARES-REINVESTED>                                          0   
<NET-CHANGE-IN-ASSETS>                              28,852,227   
<ACCUMULATED-NII-PRIOR>                              1,371,840   
<ACCUMULATED-GAINS-PRIOR>                           19,613,116   
<OVERDISTRIB-NII-PRIOR>                                      0   
<OVERDIST-NET-GAINS-PRIOR>                                   0   
<GROSS-ADVISORY-FEES>                                1,102,119   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                      2,157,631   
<AVERAGE-NET-ASSETS>                                    27,195   
<PER-SHARE-NAV-BEGIN>                                       20.87
<PER-SHARE-NII>                                              0.05
<PER-SHARE-GAIN-APPREC>                                     (0.29)
<PER-SHARE-DIVIDEND>                                         0.00
<PER-SHARE-DISTRIBUTIONS>                                    0.00
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                         20.63
<EXPENSE-RATIO>                                              1.89
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                               92,735,295   
<INVESTMENTS-AT-VALUE>                             100,505,810   
<RECEIVABLES>                                          112,811   
<ASSETS-OTHER>                                       1,133,853   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                     101,752,474   
<PAYABLE-FOR-SECURITIES>                             1,236,928   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                              202,305   
<TOTAL-LIABILITIES>                                  1,439,233   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                            86,255,613   
<SHARES-COMMON-STOCK>                                6,760,373   
<SHARES-COMMON-PRIOR>                                4,707,977   
<ACCUMULATED-NII-CURRENT>                                    0   
<OVERDISTRIBUTION-NII>                                (117,822)  
<ACCUMULATED-NET-GAINS>                              6,404,935   
<OVERDISTRIBUTION-GAINS>                                     0   
<ACCUM-APPREC-OR-DEPREC>                             7,770,515   
<NET-ASSETS>                                        98,168,263   
<DIVIDEND-INCOME>                                      443,943   
<INTEREST-INCOME>                                       88,401   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                         622,304   
<NET-INVESTMENT-INCOME>                                (89,960)  
<REALIZED-GAINS-CURRENT>                             6,465,142   
<APPREC-INCREASE-CURRENT>                              (14,414)  
<NET-CHANGE-FROM-OPS>                                6,360,768   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                                    0   
<DISTRIBUTIONS-OF-GAINS>                            24,253,869   
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                                698,230   
<NUMBER-OF-SHARES-REDEEMED>                            341,102   
<SHARES-REINVESTED>                                  1,695,268   
<NET-CHANGE-IN-ASSETS>                              12,128,758   
<ACCUMULATED-NII-PRIOR>                                      0   
<ACCUMULATED-GAINS-PRIOR>                           24,193,662   
<OVERDISTRIB-NII-PRIOR>                                (27,862)  
<OVERDIST-NET-GAINS-PRIOR>                                   0   
<GROSS-ADVISORY-FEES>                                  293,593   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                        635,077   
<AVERAGE-NET-ASSETS>                                95,065,441   
<PER-SHARE-NAV-BEGIN>                                       18.73
<PER-SHARE-NII>                                             (0.01)
<PER-SHARE-GAIN-APPREC>                                      0.93
<PER-SHARE-DIVIDEND>                                         0.00
<PER-SHARE-DISTRIBUTIONS>                                    5.13
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                         14.52
<EXPENSE-RATIO>                                              1.30
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                               92,735,295   
<INVESTMENTS-AT-VALUE>                             100,505,810   
<RECEIVABLES>                                          112,811   
<ASSETS-OTHER>                                       1,133,853   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                     101,752,474   
<PAYABLE-FOR-SECURITIES>                             1,236,928   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                              202,305   
<TOTAL-LIABILITIES>                                  1,439,233   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                            86,255,613   
<SHARES-COMMON-STOCK>                                  148,139   
<SHARES-COMMON-PRIOR>                                        0   
<ACCUMULATED-NII-CURRENT>                                    0   
<OVERDISTRIBUTION-NII>                                (117,822)  
<ACCUMULATED-NET-GAINS>                              6,404,935   
<OVERDISTRIBUTION-GAINS>                                     0   
<ACCUM-APPREC-OR-DEPREC>                             7,770,515   
<NET-ASSETS>                                         2,144,978   
<DIVIDEND-INCOME>                                      443,943   
<INTEREST-INCOME>                                       88,401   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                         622,304   
<NET-INVESTMENT-INCOME>                                (89,960)  
<REALIZED-GAINS-CURRENT>                             6,465,142   
<APPREC-INCREASE-CURRENT>                              (14,414)  
<NET-CHANGE-FROM-OPS>                                6,360,768   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                                    0   
<DISTRIBUTIONS-OF-GAINS>                                     0   
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                                150,311   
<NUMBER-OF-SHARES-REDEEMED>                              2,172   
<SHARES-REINVESTED>                                          0   
<NET-CHANGE-IN-ASSETS>                              12,128,758   
<ACCUMULATED-NII-PRIOR>                                      0   
<ACCUMULATED-GAINS-PRIOR>                           24,193,662   
<OVERDISTRIB-NII-PRIOR>                                (27,862)  
<OVERDIST-NET-GAINS-PRIOR>                                   0   
<GROSS-ADVISORY-FEES>                                  293,593   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                        635,077   
<AVERAGE-NET-ASSETS>                                 1,022,620   
<PER-SHARE-NAV-BEGIN>                                       13.08
<PER-SHARE-NII>                                             (0.08)
<PER-SHARE-GAIN-APPREC>                                      1.48
<PER-SHARE-DIVIDEND>                                         0.00
<PER-SHARE-DISTRIBUTIONS>                                    0.00
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                         14.48
<EXPENSE-RATIO>                                              2.10
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                              104,435,285   
<INVESTMENTS-AT-VALUE>                             132,107,497   
<RECEIVABLES>                                          252,613   
<ASSETS-OTHER>                                         178,597   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                     132,538,707   
<PAYABLE-FOR-SECURITIES>                               388,475   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                              716,239   
<TOTAL-LIABILITIES>                                  1,104,714   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                            93,506,027   
<SHARES-COMMON-STOCK>                               20,034,869   
<SHARES-COMMON-PRIOR>                               18,330,365   
<ACCUMULATED-NII-CURRENT>                                    0   
<OVERDISTRIBUTION-NII>                                (213,681)  
<ACCUMULATED-NET-GAINS>                             10,469,435   
<OVERDISTRIBUTION-GAINS>                                     0   
<ACCUM-APPREC-OR-DEPREC>                            27,672,212   
<NET-ASSETS>                                       120,428,726   
<DIVIDEND-INCOME>                                      428,652   
<INTEREST-INCOME>                                      346,630   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                         912,766   
<NET-INVESTMENT-INCOME>                               (137,484)  
<REALIZED-GAINS-CURRENT>                            10,469,285   
<APPREC-INCREASE-CURRENT>                              327,700   
<NET-CHANGE-FROM-OPS>                               10,659,501   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                              348,277   
<DISTRIBUTIONS-OF-GAINS>                            13,692,058   
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                                940,883   
<NUMBER-OF-SHARES-REDEEMED>                          1,578,365   
<SHARES-REINVESTED>                                  2,341,987   
<NET-CHANGE-IN-ASSETS>                               8,246,464   
<ACCUMULATED-NII-PRIOR>                                272,080   
<ACCUMULATED-GAINS-PRIOR>                           14,644,638   
<OVERDISTRIB-NII-PRIOR>                                      0   
<OVERDIST-NET-GAINS-PRIOR>                                   0   
<GROSS-ADVISORY-FEES>                                  398,388   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                        927,211   
<AVERAGE-NET-ASSETS>                               120,524,116   
<PER-SHARE-NAV-BEGIN>                                        6.30
<PER-SHARE-NII>                                              0.00
<PER-SHARE-GAIN-APPREC>                                      0.48
<PER-SHARE-DIVIDEND>                                         0.02
<PER-SHARE-DISTRIBUTIONS>                                    0.75
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                          6.01
<EXPENSE-RATIO>                                              1.35
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                             
<FISCAL-YEAR-END>               NOV-30-1998                       
<PERIOD-START>                  DEC-01-1997                       
<PERIOD-END>                    MAY-31-1998                       
<INVESTMENTS-AT-COST>                              104,435,285    
<INVESTMENTS-AT-VALUE>                             132,107,497    
<RECEIVABLES>                                          252,613    
<ASSETS-OTHER>                                         178,597    
<OTHER-ITEMS-ASSETS>                                         0    
<TOTAL-ASSETS>                                     132,538,707    
<PAYABLE-FOR-SECURITIES>                               388,475    
<SENIOR-LONG-TERM-DEBT>                                      0    
<OTHER-ITEMS-LIABILITIES>                              716,239    
<TOTAL-LIABILITIES>                                  1,104,714    
<SENIOR-EQUITY>                                              0    
<PAID-IN-CAPITAL-COMMON>                            93,506,027    
<SHARES-COMMON-STOCK>                                1,874,544    
<SHARES-COMMON-PRIOR>                                1,238,948    
<ACCUMULATED-NII-CURRENT>                                    0    
<OVERDISTRIBUTION-NII>                                (213,681)   
<ACCUMULATED-NET-GAINS>                             10,469,435    
<OVERDISTRIBUTION-GAINS>                                     0    
<ACCUM-APPREC-OR-DEPREC>                            27,672,212    
<NET-ASSETS>                                        11,005,267    
<DIVIDEND-INCOME>                                      428,652    
<INTEREST-INCOME>                                      346,630    
<OTHER-INCOME>                                               0    
<EXPENSES-NET>                                         912,766    
<NET-INVESTMENT-INCOME>                               (137,484)   
<REALIZED-GAINS-CURRENT>                            10,469,285    
<APPREC-INCREASE-CURRENT>                              327,700    
<NET-CHANGE-FROM-OPS>                               10,659,501    
<EQUALIZATION>                                               0    
<DISTRIBUTIONS-OF-INCOME>                                    0    
<DISTRIBUTIONS-OF-GAINS>                               952,430    
<DISTRIBUTIONS-OTHER>                                        0    
<NUMBER-OF-SHARES-SOLD>                                518,157    
<NUMBER-OF-SHARES-REDEEMED>                             60,858    
<SHARES-REINVESTED>                                    178,297    
<NET-CHANGE-IN-ASSETS>                               8,246,464    
<ACCUMULATED-NII-PRIOR>                                272,080    
<ACCUMULATED-GAINS-PRIOR>                           14,644,638    
<OVERDISTRIB-NII-PRIOR>                                      0    
<OVERDIST-NET-GAINS-PRIOR>                                   0    
<GROSS-ADVISORY-FEES>                                  398,388    
<INTEREST-EXPENSE>                                           0    
<GROSS-EXPENSE>                                        927,211    
<AVERAGE-NET-ASSETS>                                 9,351,483    
<PER-SHARE-NAV-BEGIN>                                        6.18 
<PER-SHARE-NII>                                             (0.01)
<PER-SHARE-GAIN-APPREC>                                      0.45 
<PER-SHARE-DIVIDEND>                                         0.00 
<PER-SHARE-DISTRIBUTIONS>                                    0.75 
<RETURNS-OF-CAPITAL>                                         0.00 
<PER-SHARE-NAV-END>                                          5.87 
<EXPENSE-RATIO>                                              2.22 
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                               91,049,251   
<INVESTMENTS-AT-VALUE>                             121,875,826   
<RECEIVABLES>                                        1,185,798   
<ASSETS-OTHER>                                       1,346,729   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                     124,408,353   
<PAYABLE-FOR-SECURITIES>                                     0   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                              203,080   
<TOTAL-LIABILITIES>                                    203,080   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                            92,626,131   
<SHARES-COMMON-STOCK>                                5,723,267   
<SHARES-COMMON-PRIOR>                                5,202,345   
<ACCUMULATED-NII-CURRENT>                              562,384   
<OVERDISTRIBUTION-NII>                                       0   
<ACCUMULATED-NET-GAINS>                                232,149   
<OVERDISTRIBUTION-GAINS>                                     0   
<ACCUM-APPREC-OR-DEPREC>                            30,784,609   
<NET-ASSETS>                                       108,377,849   
<DIVIDEND-INCOME>                                    1,410,225   
<INTEREST-INCOME>                                       99,664   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                         776,355   
<NET-INVESTMENT-INCOME>                                733,534   
<REALIZED-GAINS-CURRENT>                                85,905   
<APPREC-INCREASE-CURRENT>                           14,177,878   
<NET-CHANGE-FROM-OPS>                               14,997,317   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                              615,675   
<DISTRIBUTIONS-OF-GAINS>                             3,354,309   
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                                717,816   
<NUMBER-OF-SHARES-REDEEMED>                            426,049   
<SHARES-REINVESTED>                                    229,155   
<NET-CHANGE-IN-ASSETS>                              24,344,179   
<ACCUMULATED-NII-PRIOR>                                595,020   
<ACCUMULATED-GAINS-PRIOR>                            3,742,566   
<OVERDISTRIB-NII-PRIOR>                                      0   
<OVERDIST-NET-GAINS-PRIOR>                                   0   
<GROSS-ADVISORY-FEES>                                  347,502   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                        790,547   
<AVERAGE-NET-ASSETS>                               100,323,954   
<PER-SHARE-NAV-BEGIN>                                       17.25
<PER-SHARE-NII>                                              0.10
<PER-SHARE-GAIN-APPREC>                                      2.35
<PER-SHARE-DIVIDEND>                                         0.12
<PER-SHARE-DISTRIBUTIONS>                                    0.64
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                         18.94
<EXPENSE-RATIO>                                              1.27
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                               91,049,251   
<INVESTMENTS-AT-VALUE>                             121,875,826   
<RECEIVABLES>                                        1,185,798   
<ASSETS-OTHER>                                       1,346,729   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                     124,408,353   
<PAYABLE-FOR-SECURITIES>                                     0   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                              203,080   
<TOTAL-LIABILITIES>                                    203,080   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                            92,626,131   
<SHARES-COMMON-STOCK>                                  838,081   
<SHARES-COMMON-PRIOR>                                  593,750   
<ACCUMULATED-NII-CURRENT>                              562,384   
<OVERDISTRIBUTION-NII>                                       0   
<ACCUMULATED-NET-GAINS>                                232,149   
<OVERDISTRIBUTION-GAINS>                                     0   
<ACCUM-APPREC-OR-DEPREC>                            30,826,575   
<NET-ASSETS>                                        15,717,865   
<DIVIDEND-INCOME>                                    1,410,225   
<INTEREST-INCOME>                                       99,664   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                         776,355   
<NET-INVESTMENT-INCOME>                                733,534   
<REALIZED-GAINS-CURRENT>                                85,905   
<APPREC-INCREASE-CURRENT>                           14,177,878   
<NET-CHANGE-FROM-OPS>                               14,997,317   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                                    0   
<DISTRIBUTIONS-OF-GAINS>                               392,508   
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                                242,812   
<NUMBER-OF-SHARES-REDEEMED>                             22,285   
<SHARES-REINVESTED>                                     23,804   
<NET-CHANGE-IN-ASSETS>                              24,344,179   
<ACCUMULATED-NII-PRIOR>                                595,020   
<ACCUMULATED-GAINS-PRIOR>                            3,742,566   
<OVERDISTRIB-NII-PRIOR>                                      0   
<OVERDIST-NET-GAINS-PRIOR>                                   0   
<GROSS-ADVISORY-FEES>                                  347,502   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                        790,547   
<AVERAGE-NET-ASSETS>                                12,933,815   
<PER-SHARE-NAV-BEGIN>                                       17.05
<PER-SHARE-NII>                                              0.06
<PER-SHARE-GAIN-APPREC>                                      2.28
<PER-SHARE-DIVIDEND>                                         0.00
<PER-SHARE-DISTRIBUTIONS>                                    0.64
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                         18.75
<EXPENSE-RATIO>                                              2.17
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                             
<FISCAL-YEAR-END>               NOV-30-1998                       
<PERIOD-START>                  DEC-01-1997                       
<PERIOD-END>                    MAY-31-1998                       
<INVESTMENTS-AT-COST>                               91,049,251    
<INVESTMENTS-AT-VALUE>                             121,875,826    
<RECEIVABLES>                                        1,185,798    
<ASSETS-OTHER>                                       1,346,729    
<OTHER-ITEMS-ASSETS>                                         0    
<TOTAL-ASSETS>                                     124,408,353    
<PAYABLE-FOR-SECURITIES>                                     0    
<SENIOR-LONG-TERM-DEBT>                                      0    
<OTHER-ITEMS-LIABILITIES>                              203,080    
<TOTAL-LIABILITIES>                                    203,080    
<SENIOR-EQUITY>                                              0    
<PAID-IN-CAPITAL-COMMON>                            92,626,131    
<SHARES-COMMON-STOCK>                                    5,800    
<SHARES-COMMON-PRIOR>                                        0    
<ACCUMULATED-NII-CURRENT>                              562,384    
<OVERDISTRIBUTION-NII>                                       0    
<ACCUMULATED-NET-GAINS>                                232,149    
<OVERDISTRIBUTION-GAINS>                                     0    
<ACCUM-APPREC-OR-DEPREC>                            30,826,575    
<NET-ASSETS>                                           109,559    
<DIVIDEND-INCOME>                                    1,410,225    
<INTEREST-INCOME>                                       99,664    
<OTHER-INCOME>                                               0    
<EXPENSES-NET>                                         776,355    
<NET-INVESTMENT-INCOME>                                733,534    
<REALIZED-GAINS-CURRENT>                                85,905    
<APPREC-INCREASE-CURRENT>                           14,177,878    
<NET-CHANGE-FROM-OPS>                               14,997,317    
<EQUALIZATION>                                               0    
<DISTRIBUTIONS-OF-INCOME>                                    0    
<DISTRIBUTIONS-OF-GAINS>                                     0    
<DISTRIBUTIONS-OTHER>                                        0    
<NUMBER-OF-SHARES-SOLD>                                  5,800    
<NUMBER-OF-SHARES-REDEEMED>                                  0    
<SHARES-REINVESTED>                                          0    
<NET-CHANGE-IN-ASSETS>                              24,344,179    
<ACCUMULATED-NII-PRIOR>                                595,020    
<ACCUMULATED-GAINS-PRIOR>                            3,742,566    
<OVERDISTRIB-NII-PRIOR>                                      0    
<OVERDIST-NET-GAINS-PRIOR>                                   0    
<GROSS-ADVISORY-FEES>                                  347,502    
<INTEREST-EXPENSE>                                           0    
<GROSS-EXPENSE>                                        790,547    
<AVERAGE-NET-ASSETS>                                    47,317    
<PER-SHARE-NAV-BEGIN>                                       19.57 
<PER-SHARE-NII>                                              0.02 
<PER-SHARE-GAIN-APPREC>                                     (0.70)
<PER-SHARE-DIVIDEND>                                         0.00 
<PER-SHARE-DISTRIBUTIONS>                                    0.00 
<RETURNS-OF-CAPITAL>                                         0.00 
<PER-SHARE-NAV-END>                                         18.89 
<EXPENSE-RATIO>                                              2.18 
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                               71,399,158   
<INVESTMENTS-AT-VALUE>                              72,381,539   
<RECEIVABLES>                                        3,749,771   
<ASSETS-OTHER>                                         725,223   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                      76,856,533   
<PAYABLE-FOR-SECURITIES>                             1,775,591   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                              127,364   
<TOTAL-LIABILITIES>                                  1,902,955   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                            72,991,114   
<SHARES-COMMON-STOCK>                                2,511,966   
<SHARES-COMMON-PRIOR>                                1,064,882   
<ACCUMULATED-NII-CURRENT>                                    0   
<OVERDISTRIBUTION-NII>                                  (9,403)  
<ACCUMULATED-NET-GAINS>                                982,381   
<OVERDISTRIBUTION-GAINS>                                     0   
<ACCUM-APPREC-OR-DEPREC>                               982,381   
<NET-ASSETS>                                        26,707,678   
<DIVIDEND-INCOME>                                      117,777   
<INTEREST-INCOME>                                    2,726,834   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                         406,315   
<NET-INVESTMENT-INCOME>                              2,438,296   
<REALIZED-GAINS-CURRENT>                               989,459   
<APPREC-INCREASE-CURRENT>                              355,807   
<NET-CHANGE-FROM-OPS>                                3,783,562   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                             (798,444)  
<DISTRIBUTIONS-OF-GAINS>                              (106,907)  
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                              1,490,650   
<NUMBER-OF-SHARES-REDEEMED>                            105,192   
<SHARES-REINVESTED>                                     61,625   
<NET-CHANGE-IN-ASSETS>                              30,061,692   
<ACCUMULATED-NII-PRIOR>                                  3,779   
<ACCUMULATED-GAINS-PRIOR>                              398,650   
<OVERDISTRIB-NII-PRIOR>                                      0   
<OVERDIST-NET-GAINS-PRIOR>                                   0   
<GROSS-ADVISORY-FEES>                                  225,312   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                        417,746   
<AVERAGE-NET-ASSETS>                                19,216,033   
<PER-SHARE-NAV-BEGIN>                                       10.41
<PER-SHARE-NII>                                              0.44
<PER-SHARE-GAIN-APPREC>                                      0.31
<PER-SHARE-DIVIDEND>                                         0.44
<PER-SHARE-DISTRIBUTIONS>                                    0.09
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                         10.63
<EXPENSE-RATIO>                                              1.24
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                               71,399,158   
<INVESTMENTS-AT-VALUE>                              72,381,539   
<RECEIVABLES>                                        3,749,771   
<ASSETS-OTHER>                                         725,223   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                      76,856,533   
<PAYABLE-FOR-SECURITIES>                             1,775,591   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                              127,364   
<TOTAL-LIABILITIES>                                  1,902,955   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                            72,991,114   
<SHARES-COMMON-STOCK>                                4,529,809   
<SHARES-COMMON-PRIOR>                                3,250,551   
<ACCUMULATED-NII-CURRENT>                                    0   
<OVERDISTRIBUTION-NII>                                  (9,403)  
<ACCUMULATED-NET-GAINS>                                982,381   
<OVERDISTRIBUTION-GAINS>                                     0   
<ACCUM-APPREC-OR-DEPREC>                               982,381   
<NET-ASSETS>                                        48,115,018   
<DIVIDEND-INCOME>                                      117,777   
<INTEREST-INCOME>                                    2,726,834   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                         406,315   
<NET-INVESTMENT-INCOME>                              2,438,296   
<REALIZED-GAINS-CURRENT>                               989,459   
<APPREC-INCREASE-CURRENT>                              355,807   
<NET-CHANGE-FROM-OPS>                                3,783,562   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                           (1,652,191)  
<DISTRIBUTIONS-OF-GAINS>                              (291,716)  
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                              1,397,626   
<NUMBER-OF-SHARES-REDEEMED>                            169,155   
<SHARES-REINVESTED>                                     50,787   
<NET-CHANGE-IN-ASSETS>                              30,061,692   
<ACCUMULATED-NII-PRIOR>                                  3,779   
<ACCUMULATED-GAINS-PRIOR>                              398,650   
<OVERDISTRIB-NII-PRIOR>                                      0   
<OVERDIST-NET-GAINS-PRIOR>                                   0   
<GROSS-ADVISORY-FEES>                                  225,312   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                        417,746   
<AVERAGE-NET-ASSETS>                                40,803,923   
<PER-SHARE-NAV-BEGIN>                                       10.40
<PER-SHARE-NII>                                              0.43
<PER-SHARE-GAIN-APPREC>                                      0.31
<PER-SHARE-DIVIDEND>                                         0.43
<PER-SHARE-DISTRIBUTIONS>                                    0.09
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                         10.62
<EXPENSE-RATIO>                                              1.41
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                             
<FISCAL-YEAR-END>               NOV-30-1998                       
<PERIOD-START>                  DEC-01-1997                       
<PERIOD-END>                    MAY-31-1998                       
<INVESTMENTS-AT-COST>                               71,399,158    
<INVESTMENTS-AT-VALUE>                              72,381,539    
<RECEIVABLES>                                        3,749,771    
<ASSETS-OTHER>                                         725,223    
<OTHER-ITEMS-ASSETS>                                         0    
<TOTAL-ASSETS>                                      76,856,533    
<PAYABLE-FOR-SECURITIES>                             1,775,591    
<SENIOR-LONG-TERM-DEBT>                                      0    
<OTHER-ITEMS-LIABILITIES>                              127,364    
<TOTAL-LIABILITIES>                                  1,902,955    
<SENIOR-EQUITY>                                              0    
<PAID-IN-CAPITAL-COMMON>                            72,991,114    
<SHARES-COMMON-STOCK>                                   12,311    
<SHARES-COMMON-PRIOR>                                        0    
<ACCUMULATED-NII-CURRENT>                                    0    
<OVERDISTRIBUTION-NII>                                  (9,403)   
<ACCUMULATED-NET-GAINS>                                982,381    
<OVERDISTRIBUTION-GAINS>                                     0    
<ACCUM-APPREC-OR-DEPREC>                               982,381    
<NET-ASSETS>                                           130,882    
<DIVIDEND-INCOME>                                      117,777    
<INTEREST-INCOME>                                    2,726,834    
<OTHER-INCOME>                                               0    
<EXPENSES-NET>                                         406,315    
<NET-INVESTMENT-INCOME>                              2,438,296    
<REALIZED-GAINS-CURRENT>                               989,459    
<APPREC-INCREASE-CURRENT>                              355,807    
<NET-CHANGE-FROM-OPS>                                3,783,562    
<EQUALIZATION>                                               0    
<DISTRIBUTIONS-OF-INCOME>                                 (843)   
<DISTRIBUTIONS-OF-GAINS>                                     0    
<DISTRIBUTIONS-OTHER>                                        0    
<NUMBER-OF-SHARES-SOLD>                                 12,243    
<NUMBER-OF-SHARES-REDEEMED>                                  0    
<SHARES-REINVESTED>                                         68    
<NET-CHANGE-IN-ASSETS>                              30,061,692    
<ACCUMULATED-NII-PRIOR>                                  3,779    
<ACCUMULATED-GAINS-PRIOR>                              398,650    
<OVERDISTRIB-NII-PRIOR>                                      0    
<OVERDIST-NET-GAINS-PRIOR>                                   0    
<GROSS-ADVISORY-FEES>                                  225,312    
<INTEREST-EXPENSE>                                           0    
<GROSS-EXPENSE>                                        417,746    
<AVERAGE-NET-ASSETS>                                    87,781    
<PER-SHARE-NAV-BEGIN>                                       10.70 
<PER-SHARE-NII>                                              0.03 
<PER-SHARE-GAIN-APPREC>                                     (0.04)
<PER-SHARE-DIVIDEND>                                         0.06 
<PER-SHARE-DISTRIBUTIONS>                                    0.00 
<RETURNS-OF-CAPITAL>                                         0.00 
<PER-SHARE-NAV-END>                                         10.63 
<EXPENSE-RATIO>                                              2.06 
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                              102,354,112   
<INVESTMENTS-AT-VALUE>                             104,473,491   
<RECEIVABLES>                                        1,914,921   
<ASSETS-OTHER>                                         127,346   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                     106,515,758   
<PAYABLE-FOR-SECURITIES>                             6,996,862   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                              135,875   
<TOTAL-LIABILITIES>                                  7,132,737   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                           100,812,695   
<SHARES-COMMON-STOCK>                               13,831,587   
<SHARES-COMMON-PRIOR>                               13,944,583   
<ACCUMULATED-NII-CURRENT>                                    0   
<OVERDISTRIBUTION-NII>                                 (12,948)  
<ACCUMULATED-NET-GAINS>                                      0   
<OVERDISTRIBUTION-GAINS>                            (3,536,105)  
<ACCUM-APPREC-OR-DEPREC>                             2,119,379   
<NET-ASSETS>                                        88,767,158   
<DIVIDEND-INCOME>                                            0   
<INTEREST-INCOME>                                    3,481,094   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                         464,806   
<NET-INVESTMENT-INCOME>                              3,016,288   
<REALIZED-GAINS-CURRENT>                               803,424   
<APPREC-INCREASE-CURRENT>                              (18,836)  
<NET-CHANGE-FROM-OPS>                                3,800,876   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                           (2,747,014)  
<DISTRIBUTIONS-OF-GAINS>                                     0   
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                              1,150,473   
<NUMBER-OF-SHARES-REDEEMED>                          1,554,005   
<SHARES-REINVESTED>                                    290,536   
<NET-CHANGE-IN-ASSETS>                               2,511,955   
<ACCUMULATED-NII-PRIOR>                                      0   
<ACCUMULATED-GAINS-PRIOR>                                    0   
<OVERDISTRIB-NII-PRIOR>                                (14,366)  
<OVERDIST-NET-GAINS-PRIOR>                          (4,358,193)  
<GROSS-ADVISORY-FEES>                                  261,058   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                        515,928   
<AVERAGE-NET-ASSETS>                                89,082,377   
<PER-SHARE-NAV-BEGIN>                                        6.36
<PER-SHARE-NII>                                              0.20
<PER-SHARE-GAIN-APPREC>                                      0.06
<PER-SHARE-DIVIDEND>                                         0.20
<PER-SHARE-DISTRIBUTIONS>                                    0.00
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                          6.42
<EXPENSE-RATIO>                                              0.87
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                              102,354,112   
<INVESTMENTS-AT-VALUE>                             104,473,491   
<RECEIVABLES>                                        1,914,921   
<ASSETS-OTHER>                                         127,346   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                     106,515,758   
<PAYABLE-FOR-SECURITIES>                             6,996,862   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                              135,875   
<TOTAL-LIABILITIES>                                  7,132,737   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                           100,812,695   
<SHARES-COMMON-STOCK>                                1,650,643   
<SHARES-COMMON-PRIOR>                                1,272,634   
<ACCUMULATED-NII-CURRENT>                                    0   
<OVERDISTRIBUTION-NII>                                 (12,948)  
<ACCUMULATED-NET-GAINS>                                      0   
<OVERDISTRIBUTION-GAINS>                            (3,536,105)  
<ACCUM-APPREC-OR-DEPREC>                             2,119,379   
<NET-ASSETS>                                        10,615,863   
<DIVIDEND-INCOME>                                            0   
<INTEREST-INCOME>                                    3,481,094   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                         464,806   
<NET-INVESTMENT-INCOME>                              3,016,288   
<REALIZED-GAINS-CURRENT>                               803,424   
<APPREC-INCREASE-CURRENT>                              (18,836)  
<NET-CHANGE-FROM-OPS>                                3,800,876   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                             (249,191)  
<DISTRIBUTIONS-OF-GAINS>                                     0   
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                                520,335   
<NUMBER-OF-SHARES-REDEEMED>                            166,348   
<SHARES-REINVESTED>                                     24,022   
<NET-CHANGE-IN-ASSETS>                               2,511,955   
<ACCUMULATED-NII-PRIOR>                                      0   
<ACCUMULATED-GAINS-PRIOR>                                    0   
<OVERDISTRIB-NII-PRIOR>                                (14,366)  
<OVERDIST-NET-GAINS-PRIOR>                          (4,358,193)  
<GROSS-ADVISORY-FEES>                                  261,058   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                        515,928   
<AVERAGE-NET-ASSETS>                                 9,396,839   
<PER-SHARE-NAV-BEGIN>                                        6.38
<PER-SHARE-NII>                                              0.17
<PER-SHARE-GAIN-APPREC>                                      0.05
<PER-SHARE-DIVIDEND>                                         0.17
<PER-SHARE-DISTRIBUTIONS>                                    0.00
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                          6.43
<EXPENSE-RATIO>                                              1.72
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                              106,010,526   
<INVESTMENTS-AT-VALUE>                             106,501,071   
<RECEIVABLES>                                       12,926,838   
<ASSETS-OTHER>                                          82,569   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                     119,510,478   
<PAYABLE-FOR-SECURITIES>                            46,908,931   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                               86,016   
<TOTAL-LIABILITIES>                                 46,994,947   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                            76,388,655   
<SHARES-COMMON-STOCK>                                7,120,194   
<SHARES-COMMON-PRIOR>                                7,513,605   
<ACCUMULATED-NII-CURRENT>                                    0   
<OVERDISTRIBUTION-NII>                                 (19,477)  
<ACCUMULATED-NET-GAINS>                                      0   
<OVERDISTRIBUTION-GAINS>                            (4,344,192)  
<ACCUM-APPREC-OR-DEPREC>                               490,545   
<NET-ASSETS>                                        72,515,531   
<DIVIDEND-INCOME>                                            0   
<INTEREST-INCOME>                                    2,633,507   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                         349,158   
<NET-INVESTMENT-INCOME>                              2,284,349   
<REALIZED-GAINS-CURRENT>                             1,532,929   
<APPREC-INCREASE-CURRENT>                             (848,649)  
<NET-CHANGE-FROM-OPS>                                2,968,629   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                           (2,257,771)  
<DISTRIBUTIONS-OF-GAINS>                                     0   
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                                409,689   
<NUMBER-OF-SHARES-REDEEMED>                            975,229   
<SHARES-REINVESTED>                                    172,129   
<NET-CHANGE-IN-ASSETS>                              (3,294,019)  
<ACCUMULATED-NII-PRIOR>                                      0   
<ACCUMULATED-GAINS-PRIOR>                                    0   
<OVERDISTRIB-NII-PRIOR>                                (16,276)  
<OVERDIST-NET-GAINS-PRIOR>                          (5,906,899)  
<GROSS-ADVISORY-FEES>                                  196,877   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                        371,333   
<AVERAGE-NET-ASSETS>                                74,299,222   
<PER-SHARE-NAV-BEGIN>                                       10.09
<PER-SHARE-NII>                                              0.31
<PER-SHARE-GAIN-APPREC>                                      0.09
<PER-SHARE-DIVIDEND>                                         0.31
<PER-SHARE-DISTRIBUTIONS>                                    0.00
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                         10.18
<EXPENSE-RATIO>                                              0.94
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                               61,155,673   
<INVESTMENTS-AT-VALUE>                              61,892,666   
<RECEIVABLES>                                        7,673,650   
<ASSETS-OTHER>                                          57,457   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                      69,623,773   
<PAYABLE-FOR-SECURITIES>                             9,006,775   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                               82,552   
<TOTAL-LIABILITIES>                                  9,089,327   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                            61,026,391   
<SHARES-COMMON-STOCK>                                6,121,669   
<SHARES-COMMON-PRIOR>                                4,587,888   
<ACCUMULATED-NII-CURRENT>                               11,098   
<OVERDISTRIBUTION-NII>                                       0   
<ACCUMULATED-NET-GAINS>                                      0   
<OVERDISTRIBUTION-GAINS>                            (1,240,036)  
<ACCUM-APPREC-OR-DEPREC>                               736,993   
<NET-ASSETS>                                        60,534,446   
<DIVIDEND-INCOME>                                            0   
<INTEREST-INCOME>                                    1,770,357   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                         232,277   
<NET-INVESTMENT-INCOME>                              1,538,080   
<REALIZED-GAINS-CURRENT>                                34,325   
<APPREC-INCREASE-CURRENT>                              246,153   
<NET-CHANGE-FROM-OPS>                                1,818,558   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                           (1,468,647)  
<DISTRIBUTIONS-OF-GAINS>                                     0   
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                              3,142,222   
<NUMBER-OF-SHARES-REDEEMED>                          1,729,272   
<SHARES-REINVESTED>                                    120,831   
<NET-CHANGE-IN-ASSETS>                              15,490,188   
<ACCUMULATED-NII-PRIOR>                                  7,429   
<ACCUMULATED-GAINS-PRIOR>                                    0   
<OVERDISTRIB-NII-PRIOR>                                      0   
<OVERDIST-NET-GAINS-PRIOR>                          (1,340,125)  
<GROSS-ADVISORY-FEES>                                  136,480   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                        294,230   
<AVERAGE-NET-ASSETS>                                51,559,754   
<PER-SHARE-NAV-BEGIN>                                        9.82
<PER-SHARE-NII>                                              0.28
<PER-SHARE-GAIN-APPREC>                                      0.07
<PER-SHARE-DIVIDEND>                                         0.28
<PER-SHARE-DISTRIBUTIONS>                                    0.00
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                          9.89
<EXPENSE-RATIO>                                              0.90
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                               91,300,928   
<INVESTMENTS-AT-VALUE>                              91,300,928   
<RECEIVABLES>                                        1,227,429   
<ASSETS-OTHER>                                         906,387   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                      93,434,744   
<PAYABLE-FOR-SECURITIES>                                     0   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                            1,615,439   
<TOTAL-LIABILITIES>                                  1,615,439   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                            91,819,305   
<SHARES-COMMON-STOCK>                               87,924,654   
<SHARES-COMMON-PRIOR>                               85,911,496   
<ACCUMULATED-NII-CURRENT>                                    0   
<OVERDISTRIBUTION-NII>                                       0   
<ACCUMULATED-NET-GAINS>                                      0   
<OVERDISTRIBUTION-GAINS>                                     0   
<ACCUM-APPREC-OR-DEPREC>                                     0   
<NET-ASSETS>                                        87,924,654   
<DIVIDEND-INCOME>                                            0   
<INTEREST-INCOME>                                    2,237,754   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                         314,466   
<NET-INVESTMENT-INCOME>                              1,923,288   
<REALIZED-GAINS-CURRENT>                                     0   
<APPREC-INCREASE-CURRENT>                                    0   
<NET-CHANGE-FROM-OPS>                                1,923,288   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                           (1,836,917)  
<DISTRIBUTIONS-OF-GAINS>                                     0   
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                             87,174,641   
<NUMBER-OF-SHARES-REDEEMED>                         86,789,662   
<SHARES-REINVESTED>                                  1,628,179   
<NET-CHANGE-IN-ASSETS>                               2,474,203   
<ACCUMULATED-NII-PRIOR>                                      0   
<ACCUMULATED-GAINS-PRIOR>                                    0   
<OVERDISTRIB-NII-PRIOR>                                      0   
<OVERDIST-NET-GAINS-PRIOR>                                   0   
<GROSS-ADVISORY-FEES>                                  170,998   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                        316,102   
<AVERAGE-NET-ASSETS>                                81,858,234   
<PER-SHARE-NAV-BEGIN>                                        1.00
<PER-SHARE-NII>                                              0.02
<PER-SHARE-GAIN-APPREC>                                      0.00
<PER-SHARE-DIVIDEND>                                         0.02
<PER-SHARE-DISTRIBUTIONS>                                    0.00
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                          1.00
<EXPENSE-RATIO>                                              0.74
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                               91,300,928   
<INVESTMENTS-AT-VALUE>                              91,300,928   
<RECEIVABLES>                                        1,227,429   
<ASSETS-OTHER>                                         906,387   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                      93,434,744   
<PAYABLE-FOR-SECURITIES>                                     0   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                            1,615,439   
<TOTAL-LIABILITIES>                                  1,615,439   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                            91,819,305   
<SHARES-COMMON-STOCK>                                3,894,651   
<SHARES-COMMON-PRIOR>                                3,433,606   
<ACCUMULATED-NII-CURRENT>                                    0   
<OVERDISTRIBUTION-NII>                                       0   
<ACCUMULATED-NET-GAINS>                                      0   
<OVERDISTRIBUTION-GAINS>                                     0   
<ACCUM-APPREC-OR-DEPREC>                                     0   
<NET-ASSETS>                                         3,894,651   
<DIVIDEND-INCOME>                                            0   
<INTEREST-INCOME>                                    2,237,754   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                         314,466   
<NET-INVESTMENT-INCOME>                              1,923,288   
<REALIZED-GAINS-CURRENT>                                     0   
<APPREC-INCREASE-CURRENT>                                    0   
<NET-CHANGE-FROM-OPS>                                1,923,288   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                              (86,371)  
<DISTRIBUTIONS-OF-GAINS>                                     0   
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                              3,560,725   
<NUMBER-OF-SHARES-REDEEMED>                          3,175,690   
<SHARES-REINVESTED>                                     76,010   
<NET-CHANGE-IN-ASSETS>                               2,474,203   
<ACCUMULATED-NII-PRIOR>                                      0   
<ACCUMULATED-GAINS-PRIOR>                                    0   
<OVERDISTRIB-NII-PRIOR>                                      0   
<OVERDIST-NET-GAINS-PRIOR>                                   0   
<GROSS-ADVISORY-FEES>                                  170,998   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                        316,102   
<AVERAGE-NET-ASSETS>                                 3,858,533   
<PER-SHARE-NAV-BEGIN>                                        1.00
<PER-SHARE-NII>                                              0.02
<PER-SHARE-GAIN-APPREC>                                      0.00
<PER-SHARE-DIVIDEND>                                         0.02
<PER-SHARE-DISTRIBUTIONS>                                    0.00
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                          1.00
<EXPENSE-RATIO>                                              0.73
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                               80,637,251   
<INVESTMENTS-AT-VALUE>                              87,688,293   
<RECEIVABLES>                                        1,746,461   
<ASSETS-OTHER>                                          51,155   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                      89,485,909   
<PAYABLE-FOR-SECURITIES>                                     0   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                               88,168   
<TOTAL-LIABILITIES>                                     88,168   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                            82,070,389   
<SHARES-COMMON-STOCK>                                6,567,511   
<SHARES-COMMON-PRIOR>                                6,447,780   
<ACCUMULATED-NII-CURRENT>                                1,128   
<OVERDISTRIBUTION-NII>                                       0   
<ACCUMULATED-NET-GAINS>                                275,182   
<OVERDISTRIBUTION-GAINS>                                     0   
<ACCUM-APPREC-OR-DEPREC>                             7,051,042   
<NET-ASSETS>                                        89,397,741   
<DIVIDEND-INCOME>                                            0   
<INTEREST-INCOME>                                    2,477,813   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                         334,965   
<NET-INVESTMENT-INCOME>                              2,142,848   
<REALIZED-GAINS-CURRENT>                               275,147   
<APPREC-INCREASE-CURRENT>                              779,796   
<NET-CHANGE-FROM-OPS>                                3,197,791   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                           (2,141,786)  
<DISTRIBUTIONS-OF-GAINS>                            (1,229,059)  
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                                527,464   
<NUMBER-OF-SHARES-REDEEMED>                            587,388   
<SHARES-REINVESTED>                                    179,656   
<NET-CHANGE-IN-ASSETS>                               1,462,276   
<ACCUMULATED-NII-PRIOR>                                     66   
<ACCUMULATED-GAINS-PRIOR>                            1,229,094   
<OVERDISTRIB-NII-PRIOR>                                      0   
<OVERDIST-NET-GAINS-PRIOR>                                   0   
<GROSS-ADVISORY-FEES>                                  236,266   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                        409,213   
<AVERAGE-NET-ASSETS>                                89,045,460   
<PER-SHARE-NAV-BEGIN>                                       13.64
<PER-SHARE-NII>                                              0.33
<PER-SHARE-GAIN-APPREC>                                      0.16
<PER-SHARE-DIVIDEND>                                         0.33
<PER-SHARE-DISTRIBUTIONS>                                    0.19
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                         13.61
<EXPENSE-RATIO>                                              0.75
<AVG-DEBT-OUTSTANDING>                                       0   
<AVG-DEBT-PER-SHARE>                                         0   
                                

</TABLE>

<TABLE> <S> <C>


<ARTICLE>                                            6
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS                            
<FISCAL-YEAR-END>               NOV-30-1998                      
<PERIOD-START>                  DEC-01-1997                      
<PERIOD-END>                    MAY-31-1998                      
<INVESTMENTS-AT-COST>                                7,767,931   
<INVESTMENTS-AT-VALUE>                               8,350,968   
<RECEIVABLES>                                          214,121   
<ASSETS-OTHER>                                         117,129   
<OTHER-ITEMS-ASSETS>                                         0   
<TOTAL-ASSETS>                                       8,682,218   
<PAYABLE-FOR-SECURITIES>                                     0   
<SENIOR-LONG-TERM-DEBT>                                      0   
<OTHER-ITEMS-LIABILITIES>                               10,047   
<TOTAL-LIABILITIES>                                     10,047   
<SENIOR-EQUITY>                                              0   
<PAID-IN-CAPITAL-COMMON>                             8,089,326   
<SHARES-COMMON-STOCK>                                  721,533   
<SHARES-COMMON-PRIOR>                                  648,427   
<ACCUMULATED-NII-CURRENT>                                  177   
<OVERDISTRIBUTION-NII>                                       0   
<ACCUMULATED-NET-GAINS>                                      0   
<OVERDISTRIBUTION-GAINS>                                  (369)  
<ACCUM-APPREC-OR-DEPREC>                               583,037   
<NET-ASSETS>                                         8,672,171   
<DIVIDEND-INCOME>                                            0   
<INTEREST-INCOME>                                      215,765   
<OTHER-INCOME>                                               0   
<EXPENSES-NET>                                               0   
<NET-INVESTMENT-INCOME>                                215,765   
<REALIZED-GAINS-CURRENT>                                  (372)  
<APPREC-INCREASE-CURRENT>                              109,917   
<NET-CHANGE-FROM-OPS>                                  325,310   
<EQUALIZATION>                                               0   
<DISTRIBUTIONS-OF-INCOME>                             (216,001)  
<DISTRIBUTIONS-OF-GAINS>                               (19,064)  
<DISTRIBUTIONS-OTHER>                                        0   
<NUMBER-OF-SHARES-SOLD>                                 85,532   
<NUMBER-OF-SHARES-REDEEMED>                             30,831   
<SHARES-REINVESTED>                                     18,405   
<NET-CHANGE-IN-ASSETS>                                 967,723   
<ACCUMULATED-NII-PRIOR>                                    413   
<ACCUMULATED-GAINS-PRIOR>                               19,067   
<OVERDISTRIB-NII-PRIOR>                                      0   
<OVERDIST-NET-GAINS-PRIOR>                                   0   
<GROSS-ADVISORY-FEES>                                   21,626   
<INTEREST-EXPENSE>                                           0   
<GROSS-EXPENSE>                                         41,725   
<AVERAGE-NET-ASSETS>                                 8,166,569   
<PER-SHARE-NAV-BEGIN>                                       11.88
<PER-SHARE-NII>                                              0.32
<PER-SHARE-GAIN-APPREC>                                      0.17
<PER-SHARE-DIVIDEND>                                         0.32
<PER-SHARE-DISTRIBUTIONS>                                    0.03
<RETURNS-OF-CAPITAL>                                         0.00
<PER-SHARE-NAV-END>                                         12.02
<EXPENSE-RATIO>                                              0.00
<AVG-DEBT-OUTSTANDING>                                       0   
<AVG-DEBT-PER-SHARE>                                         0   
                                

</TABLE>


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