RUSSELL FRANK INVESTMENT CO
NSAR-A, 1994-08-29
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<PAGE>      PAGE  1
000 A000000 06/30/94
000 C000000 0000351601
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 FRANK RUSSELL INVESTMENT COMPANY
001 B000000 811-3153
001 C000000 2066277001
002 A000000 909 A STREET
002 B000000 TACOMA
002 C000000 WA
002 D010000 98402
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 22
007 C010100  1
007 C020100 EQUITY I FUND
007 C030100 N
007 C010200  2
007 C020200 EQUITY II FUND
007 C030200 N
007 C010300  3
007 C020300 EQUITY III FUND
007 C030300 N
007 C010400  4
007 C020400 FIXED I FUND
007 C030400 N
007 C010500  5
007 C020500 FIXED II FUND
007 C030500 N
007 C010600  6
007 C020600 INTERNATIONAL FUND
007 C030600 N
007 C010700  7
007 C020700 MONEY MARKET FUND
007 C030700 N
007 C010800  8
007 C020800 DIVERSIFIED EQUITY FUND
007 C030800 N
007 C010900  9
007 C020900 SPECIAL GROWTH FUND
007 C030900 N
007 C011000 10
007 C021000 EQUITY INCOME FUND
<PAGE>      PAGE  2
007 C031000 N
007 C011100 11
007 C021100 DIVERSIFIED BOND FUND
007 C031100 N
007 C011200 12
007 C021200 VOLATILITY CONSTRAINED BOND FUND
007 C031200 N
007 C011300 13
007 C021300 INTERNATIONAL SECURITIES FUND
007 C031300 N
007 C011400 14
007 C021400 LIMITED VOLATILITY TAX FREE FUND
007 C031400 N
007 C011500 15
007 C021500 U.S. GOVERNMENT MONEY MARKET FUND
007 C031500 N
007 C011600 16
007 C021600 EQUITY Q FUND
007 C031600 N
007 C011700 17
007 C021700 QUANTITATIVE EQUITY FUND
007 C031700 N
007 C011800 18
007 C021800 TAX FREE MONEY MARKET FUND
007 C031800 N
007 C011900 19
007 C021900 REAL ESTATE SECURITIES FUND
007 C031900 N
007 C012000 20
007 C022000 FIXED INCOME III FUND
007 C032000 N
007 C012100 21
007 C022100 EMERGING MARKETS FUND
007 C032100 N
007 C012200 22
007 C022200 MULTISTRATEGY BOND FUND
007 C032200 N
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
011 A00AA01 RUSSELL FUND DISTRIBUTORS, INC.
011 B00AA01 8-21771
011 C01AA01 TACOMA
011 C02AA01 WA
011 C03AA01 98402
012 A00AA01 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
<PAGE>      PAGE  3
012 B00AA01 85-0000
012 C01AA01 TACOMA
012 C02AA01 WA
012 C03AA01 98402
013 A00AA01 COOPERS & LYBRAND
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 FRANK RUSSELL SECURITIES, INC.
014 B00AA01 8-000329
014 A00AA02 RUSSELL FUND DISTRIBUTORS, INC.
014 B00AA02 8-21771
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
015 A00AA02  CITIBANK, N.A., ARGENTINA
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
015 A00AA03 WESTPAC BANKING CORPORATION
015 B00AA03 S
015 C01AA03 SYDNEY
015 D01AA03 AUSTRALIA
015 E04AA03 X
015 A00AA04 GIROCREDIT BANK
015 B00AA04 S
015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
015 E04AA04 X
015 A00AA05 STANDARD CHARTERED BANK
015 B00AA05 S
015 C01AA05 DHAKA
015 D01AA05 BANGLADESH
015 E04AA05 X
015 A00AA06 GENERALE BANK
015 B00AA06 S
015 C01AA06 BRUSSELS
015 D01AA06 BELGIUM
015 E04AA06 X
015 A00AA07 CITIBANK, N.A., BRAZIL
015 B00AA07 S
015 C01AA07 SAO PAULO
015 D01AA07 BRAZIL
015 E04AA07 X
015 A00AA08 CANADA TRUSTCO MORTGAGE COMPANY
015 B00AA08 S
015 C01AA08 TORONTO
<PAGE>      PAGE  4
015 D01AA08 CANADA
015 E04AA08 X
015 A00AA09 CITIBANK, N.A., CHILE
015 B00AA09 S
015 C01AA09 SANTIAGO
015 D01AA09 CHILE
015 E04AA09 X
015 A00AA10 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B00AA10 S
015 C01AA10 SHANGHAI - SHENZHEN
015 D01AA10 CHINA
015 E04AA10 X
015 A00AA11 CITITRUST COLUMBIA S.A. SOCIEDAD FIDUCIARIA
015 B00AA11 S
015 C01AA11 BOGOTA
015 D01AA11 COLUMBIA
015 E04AA11 X
015 A00AA12 BARCLAYS BANK PLC
015 B00AA12 S
015 C01AA12 NICOSIA
015 D01AA12 CYPRUS
015 E04AA12 X
015 A00AA13 DEN DANSKE BANK
015 B00AA13 S
015 C01AA13 COPENHAGEN
015 D01AA13 DENMARK
015 E04AA13 X
015 A00AA14 KANSALLIS-OSAKE-PANKKI
015 B00AA14 S
015 C01AA14 HELSINKI
015 D01AA14 FINLAND
015 E04AA14 X
015 A00AA15 BANQUE PARIBAS
015 B00AA15 S
015 C01AA15 PARIS
015 D01AA15 FRANCE
015 E04AA15 X
015 A00AA16 BERLINER HANDELS-UND FRANKFURTER BANK
015 B00AA16 S
015 C01AA16 FRANKFURT
015 D01AA16 GERMANY
015 E04AA16 X
015 A00AA17 NATIONAL BANK OF GREECE SA
015 B00AA17 S
015 C01AA17 ATHENS
015 D01AA17 GREECE
015 E04AA17 X
015 A00AA18 STANDARD CHARTERED BANK
015 B00AA18 S
015 C01AA18 HONG KONG
015 D01AA18 HONG KONG
<PAGE>      PAGE  5
015 E04AA18 X
015 A00AA19 CITIBANK BUDAPEST RT.
015 B00AA19 S
015 C01AA19 BUDAPEST
015 D01AA19 HUNGARY
015 E04AA19 X
015 A00AA20 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B00AA20 S
015 C01AA20 BOMBAY
015 D01AA20 INDIA
015 E04AA20 X
015 A00AA21 STANDARD CHARTERED BANK
015 B00AA21 S
015 C01AA21 JAKARTA
015 D01AA21 INDONESIA
015 E04AA21 X
015 A00AA22 BANK OF IRELAND
015 B00AA22 S
015 C01AA22 DUBLIN
015 D01AA22 IRELAND
015 E04AA22 X
015 A00AA23 BANK HAPOALIM B.M.
015 B00AA23 S
015 C01AA23 TEL AVIV
015 D01AA23 ISRAEL
015 E04AA23 X
015 A00AA24 MORGAN GUARANTY TRUST COMPANY
015 B00AA24 S
015 C01AA24 MILAN
015 D01AA24 ITALY
015 E04AA24 X
015 A00AA25 SUMITOMO TRUST & BANKING CO., LTD.
015 B00AA25 S
015 C01AA25 TOKYO
015 D01AA25 JAPAN
015 E04AA25 X
015 A00AA26 BANK OF SEOUL
015 B00AA26 S
015 C01AA26 SEOUL
015 D01AA26 KOREA
015 E04AA26 X
015 A00AA27 STANDARD CHARTERED BANK
015 B00AA27 S
015 C01AA27 KUALA LUMPUR
015 D01AA27 MALAYSIA
015 E04AA27 X
015 A00AA28 CITIBANK, N.A. MEXICO
015 B00AA28 S
015 C01AA28 MEXICO CITY
015 D01AA28 MEXICO
015 E04AA28 X
<PAGE>      PAGE  6
015 A00AA29 MEESPIERSON N.V.
015 B00AA29 S
015 C01AA29 AMSTERDAM
015 D01AA29 NETHERLANDS
015 E04AA29 X
015 A00AA30 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B00AA30 S
015 C01AA30 WELLINGTON
015 D01AA30 NEW ZEALAND
015 E04AA30 X
015 A00AA31 CHRISTIANIA BANK OG KREDITKASSE
015 B00AA31 S
015 C01AA31 OLSO
015 D01AA31 NORWAY
015 E04AA31 X
015 A00AA32 DEUTSCHE BANK AG, PAKISTAN
015 B00AA32 S
015 C01AA32 KARACHI
015 D01AA32 PAKISTAN
015 E04AA32 X
015 A00AA33 CITIBANK, N.A., PERU
015 B00AA33 S
015 C01AA33 LIMA
015 D01AA33 PERU
015 E04AA33 X
015 A00AA34 STANDARD CHARTERED BANK
015 B00AA34 S
015 C01AA34 MANILA
015 D01AA34 PHILIPPINES
015 E04AA34 X
015 A00AA35 BANCO COMERCIAL PORTUGUES
015 B00AA35 S
015 C01AA35 LISBON
015 D01AA35 PORTUGAL
015 E04AA35 X
015 A00AA36 THE DEVELOPMENT BANK OF SINGAPORE LTD.
015 B00AA36 S
015 C01AA36 SINGAPORE
015 D01AA36 SINGAPORE
015 E04AA36 X
015 A00AA37 BANCO SANTANDER, S.A.
015 B00AA37 S
015 C01AA37 MADRID
015 D01AA37 SPAIN
015 E04AA37 X
015 A00AA38 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B00AA38 S
015 C01AA38 COLUMBIA
015 D01AA38 SRI LANKA
015 E04AA38 X
015 A00AA39 SKANDINAVISKA ENSKILDA BANKEN
<PAGE>      PAGE  7
015 B00AA39 S
015 C01AA39 STOCKHOLM
015 D01AA39 SWEDEN
015 E04AA39 X
015 A00AA40 UNION BANK OF SWITZERLAND
015 B00AA40 S
015 C01AA40 ZURICH
015 D01AA40 SWITZERLAND
015 E04AA40 X
015 A00AA41 CENTRAL TRUST OF CHINA
015 B00AA41 S
015 C01AA41 TAIPEI
015 D01AA41 TAIWAN
015 E04AA41 X
015 A00AA42 STANDARD CHARTERED BANK
015 B00AA42 S
015 C01AA42 BANGKOK
015 D01AA42 THAILAND
015 E04AA42 X
015 A00AA43 CITIBANK, N.A, TURKEY
015 B00AA43 S
015 C01AA43 INSTANBUL
015 D01AA43 TURKEY
015 E04AA43 X
015 A00AA44 STATE STREET BANK AND TRUST CO., LONDON, UK
015 B00AA44 S
015 C01AA44 LONDON
015 D01AA44 UNITED KINGDOM
015 E04AA44 X
015 A00AA45 CITIBANK, N.A., URUGUAY
015 B00AA45 S
015 C01AA45 MONTEVIDEO
015 D01AA45 URUGUAY
015 E04AA45 X
015 A00AA46 CITIBANK, N.A., VENEZUELA
015 B00AA46 S
015 C01AA46 CARACAS
015 D01AA46 VENEZUELA
015 E04AA46 X
015 A00AA47 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B00AA47 S
015 C01AA47 PRAGUE
015 D01AA47 CZECH REPUBLIC
015 E04AA47 X
015 A00AA48 NATIONAL BANK OF EGYPT
015 B00AA48 S
015 C01AA48 CAIRO
015 D01AA48 EQYPT
015 E04AA48 X
015 A00AA49 DELETE
015 A00AA50 CITIBANK POLAND S.A.
<PAGE>      PAGE  8
015 B00AA50 S
015 C01AA50 WARSAW
015 D01AA50 POLAND
015 E04AA50 X
015 A00AA51 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B00AA51 S
015 C01AA51 JOHANNESBURG
015 D01AA51 SOUTH AFRICA
015 E04AA51 X
015 A00AA52 CHEMICAL BANK
015 B00AA52 C
015 C01AA52 NEW YORK
015 C02AA52 NY
015 C03AA52 10017
015 E01AA52 X
015 A00AA53 BANK OF NEW YORK
015 B00AA53 C
015 C01AA53 NEW YORK
015 C02AA53 NY
015 C03AA53 10286
015 E01AA53 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 FRANK RUSSELL SECURITIES,INC.
020 B000001 910604934
020 C000001    330
020 A000002 MORGAN STANLEY & CO., INC.
020 B000002 132655998
020 C000002    327
020 A000003 UBS SECURITIES, INC.
020 B000003 132932996
020 C000003    143
020 A000004 INVESTMENT TECHNOLOGY GROUP, INC.
020 B000004 954339369
020 C000004    120
020 A000005 INSTINET CORPORATION
020 B000005 133443395
020 C000005    119
020 A000006 .0BEAR STEARNS & CO.
020 B000006 133299429
020 C000006    100
020 A000007 SALOM0N BROTHERS, INC.
020 B000007 133082694
020 C000007     92
020 A000008 BARCLAYS DE ZOETE WEDD SECURITIES, INC.
020 B000008 133551367
020 C000008     86
020 A000009 KIDDER PEABODY & CO., INC.
020 B000009 135650440
020 C000009     75
<PAGE>      PAGE  9
020 A000010 GOLDMAN SACHS & CO.
020 B000010 135108880
020 C000010     74
021  000000     3417
022 A000001 CHASE SECURITIES, INC.
022 B000001 133112953
022 C000001   4459556
022 D000001       561
022 A000002 CARROLL MCENTEE & MCGINLEY, INC.
022 B000002 132650272
022 C000002   2777941
022 D000002         0
022 A000003 FUJI BANK
022 B000003 135624234
022 C000003   1236793
022 D000003         0
022 A000004 SANWA BANK LTD.
022 B000004 133046258
022 C000004   1209228
022 D000004         0
022 A000005 ASSOCIATED INVESTORS CORPORATION, N.A.
022 B000005 131917220
022 C000005   1136336
022 D000005         0
022 A000006 LEHMAN BROTHERS HOLDINGS, INC.
022 B000006 132518466
022 C000006    400254
022 D000006    275702
022 A000007 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000007 135674085
022 C000007    410372
022 D000007    236203
022 A000008 BEAR STEARNS & CO.
022 B000008 133299429
022 C000008    582191
022 D000008     40098
022 A000009 SALOM0N BROTHERS, INC.
022 B000009 133082694
022 C000009    318223
022 D000009    266365
022 A000010 NOMURA SECURITIES CO. LTD.
022 B000010 132642206
022 C000010    521976
022 D000010      2191
023 C000000   18400252
023 D000000    1699877
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 Y
<PAGE>      PAGE  10
026 F000000 Y
026 G010000 N
026 G020000 Y
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 N
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00        1
077 A000000 N
078  000000 N
008 A000101 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B000101 A
008 C000101 801-17141
008 D010101 TACOMA
008 D020101 WA
008 D030101 98402
008 A000102 ALLIANCE CAPITAL MANAGEMENT CORP.
008 B000102 S
008 C000102 801-7492
<PAGE>      PAGE  11
008 D010102 MINNEAPOLIS
008 D020102 MN
008 D030102 55402
008 A000103 BARROW, HANLEY, MEWHINNEY & STRAUSS, INC.
008 B000103 S
008 C000103 801-14861
008 D010103 DALLAS
008 D020103 TX
008 D030103 75201
008 A000104 COLUMBUS CIRCLE INVESTORS
008 B000104 S
008 C000104 801-31227
008 D010104 STAMFORD
008 D020104 CT
008 D030104 06902
008 A000105 EQUINOX CAPITAL MANAGEMENT, INC.
008 B000105 S
008 C000105 801-34524
008 D010105 NEW YORK
008 D020105 NY
008 D030105 10022
008 A000106 INVESCO CAPITAL MANAGEMENT, INC.
008 B000106 S
008 C000106 801-33949
008 D010106 ATLANTA
008 D020106 GA
008 D030106 30309
008 A000107 LINCOLN CAPITAL MANAGEMENT CO.
008 B000107 S
008 C000107 801-11417
008 D010107 CHICAGO
008 D020107 IL
008 D030107 60606
008 A000108 TRINITY INVESTMENT MANAGEMENT CORP.
008 B000108 S
008 C000108 801-11312
008 D010108 BOSTON
008 D020108 MA
008 D030108 02116
008 A000109 FRANK RUSSELL COMPANY
008 B000109 S
008 C000109 801-17157
008 D010109 TACOMA
008 D020109 WA
008 D030109 98402
008 A000110 SUFFOLK CAPITAL MANAGEMENT, INC.
008 B000110 S
008 C000110 801-3631D
008 D010110 NEW YORK
008 D020110 NY
008 D030110 10107
<PAGE>      PAGE  12
008 A000111 CASH FLOW INVESTORS, INC.
008 B000111 S
008 C000111 801-18299
008 D010111 FORT LEE
008 D020111 NJ
008 D030111 07024
024  000100 Y
025 A000101 CHASE MANHATTAN CORP.
025 B000101 133112953
025 C000101 E
025 D000101    1962
025 A000102 MERRILL LYNCH & CO., INC.
025 B000102 135674085
025 C000102 E
025 D000102    3409
025 A000103 MORGAN STANLEY GROUP, INC.
025 B000103 132655998
025 C000103 E
025 D000103     967
025 D000104       0
025 D000105       0
025 D000106       0
025 D000107       0
025 D000108       0
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028 D010100     19495
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028 E010100      8958
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028 G010100     93976
028 G020100      8423
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<PAGE>      PAGE  13
028 G040100     79122
028 H000100         0
045  000100 Y
046  000100 N
047  000100 N
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048 A020100 0.000
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048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100        0
048 K020100 0.000
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 N
062 A000100 N
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
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062 H000100   0.0
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062 K000100   0.0
062 L000100   0.0
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062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
<PAGE>      PAGE  14
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 Y
066 F000100 N
066 G000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 Y
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 Y
070 Q020100 N
070 R010100 Y
070 R020100 N
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071 D000100   34
<PAGE>      PAGE  15
072 A000100  6
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072 C000100     6617
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072 H000100        0
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072 J000100      209
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072 L000100        0
072 M000100        2
072 N000100       10
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072 P000100        0
072 Q000100       12
072 R000100       10
072 S000100        2
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072 U000100        0
072 V000100        0
072 W000100       22
072 X000100      317
072 Y000100        0
072 Z000100     6486
072AA000100    21266
072BB000100    10175
072CC010100        0
072CC020100    33752
072DD010100     3047
072DD020100        0
072EE000100     6110
073 A010100   0.1429
073 A020100   0.0000
073 B000100   0.3239
073 C000100   0.0000
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074 D000100        0
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074 M000100        4
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<PAGE>      PAGE  16
074 O000100     9171
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074 Y000100    11113
075 A000100        0
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076  000100     0.00
008 A000201 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B000201 A
008 C000201 801-17141
008 D010201 TACOMA
008 D020201 WA
008 D030201 98402
008 A000202 DELPHI MANAGEMENT, INC.
008 B000202 S
008 C000202 801-18367
008 D010202 BOSTON
008 D020202 MA
008 D030202 02111
008 A000203 INVESCO MANAGEMENT & RESEARCH, INC.
008 B000203 S
008 C000203 801-1596
008 D010203 BOSTON
008 D020203 MA
008 D030203 02110
008 A000204 FRANK RUSSELL COMPANY
008 B000204 S
008 C000204 801-17157
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008 D030204 98402
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008 D020205 MN
008 D030205 55416
008 A000206 MITCHELL HUTCHINS INSTL INVESTORS, INC.
008 B000206 S
<PAGE>      PAGE  17
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008 D030206 10019
008 A000207 WELLINGTON MANAGEMENT COMPANY
008 B000207 S
008 C000207 801-15908
008 D010207 BOSTON
008 D020207 MA
008 D030207 02109
008 A000208 SIRACH CAPITAL MANAGEMENT, INC.
008 B000208 S
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008 D020208 WA
008 D030208 98101
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<PAGE>      PAGE  19
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070 K020200 Y
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<PAGE>      PAGE  21
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008 D010301 TACOMA
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008 D030301 98402
008 A000302 FRANK RUSSELL COMPANY
008 B000302 S
008 C000302 801-17157
008 D010302 TACOMA
008 D020302 WA
008 D030302 98402
008 A000303 BARROW, HANLEY, MEWHINNEY & STRAUSS, INC.
008 B000303 S
008 C000303 801-14861
008 D010303 DALLAS
008 D020303 TX
008 D030303 75201
008 A000304 BRANDYWINE ASSET MANAGEMENT, INC.
008 B000304 S
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008 D020304 DE
008 D030304 19801
008 A000305 TRINITY INVESTMENT MANAGEMENT CORP.
008 B000305 S
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008 D010305 BOSTON
008 D020305 MA
008 D030305 02116
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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008 A000401 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B000401 A
<PAGE>      PAGE  26
008 C000401 801-17141
008 D010401 TACOMA
008 D020401 WA
008 D030401 98402
008 A000402 FRANK RUSSELL COMPANY
008 B000402 S
008 C000402 801-17157
008 D010402 TACOMA
008 D020402 WA
008 D030402 98402
008 A000403 STANDISH, AYER, & WOOD, INC.
008 B000403 S
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008 D010403 BOSTON
008 D020403 MA
008 D030403 02111
008 A000404 LINCOLN CAPITAL MANAGEMENT CO.
008 B000404 S
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008 D020404 IL
008 D030404 60606
008 A000405 PACIFIC INVESTMENT MANAGEMENT CO.
008 B000405 S
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008 D020405 CA
008 D030405 92660
024  000400 Y
025 A000401 BARCLAYS BANK PLC
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<PAGE>      PAGE  27
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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008 A000501 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B000501 A
008 C000501 801-17141
008 D010501 TACOMA
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008 B000502 S
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<PAGE>      PAGE  31
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008 D030502 98402
008 A000503 BLACKROCK FINANCIAL MANAGEMENT
008 B000503 S
008 C000503 801-32183
008 D010503 NEW YORK
008 D020503 NY
008 D030503 10154
008 A000504 STANDISH, AYER & WOOD, INC.
008 B000504 S
008 C000504 801-584
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008 D030504 02111
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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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008 B000601 A
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008 D010601 TACOMA
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008 B000602 S
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008 D020602 WA
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008 D030603 02109
008 A000604 GRANTHAM, MAYO, VAN OTTERLOO & CO.
<PAGE>      PAGE  36
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008 D020604 MA
008 D030604 02110
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008 D020605 MA
008 D030605 02110
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008 D020606 MD
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<PAGE>      PAGE  39
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<PAGE>      PAGE  41
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<PAGE>      PAGE  43
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008 B000801 A
<PAGE>      PAGE  45
008 C000801 801-17141
008 D010801 TACOMA
008 D020801 WA
008 D030801 98402
008 A000802 FRANK RUSSELL COMPANY
008 B000802 S
008 C000802 801-17157
008 D010802 TACOMA
008 D020802 WA
008 D030802 98402
008 A000803 ALLIANCE CAPITAL MANAGEMENT CORP.
008 B000803 S
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008 D020803 MN
008 D030803 55402
008 A000804 COLUMBUS CIRCLE INVESTORS
008 B000804 S
008 C000804 801-31227
008 D010804 STAMFORD
008 D020804 CT
008 D030804 06902
008 A000805 EQUINOX CAPITAL MANAGEMENT, INC.
008 B000805 S
008 C000805 801-34524
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008 D020805 NY
008 D030805 10022
008 A000806 LINCOLN CAPITAL MANAGEMENT CO.
008 B000806 S
008 C000806 801-11417
008 D010806 CHICAGO
008 D020806 IL
008 D030806 60606
008 A000807 INVESCO CAPITAL MANAGEMENT, INC.
008 B000807 S
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008 D010807 ATLANTA
008 D020807 GA
008 D030807 30309
008 A000808 TRINITY INVESTMENT MANAGEMENT CORP.
008 B000808 S
008 C000808 801-11312
008 D010808 CAMBRIDGE
008 D020808 MA
008 D030808 02142
008 A000809 BARROW, HANLEY, MEWHINNEY & STRAUSS, INC.
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008 C000809 801-14861
008 D010809 DALLAS
008 D020809 TX
<PAGE>      PAGE  46
008 D030809 75201
008 A000810 SUFFOLK CAPITAL MANAGEMENT, INC.
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008 C000810 801-3631D
008 D010810 NEW YORK
008 D020810 NY
008 D030810 10107
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008 B000811 S
008 C000811 801-18299
008 D010811 FORT LEE
008 D020811 NJ
008 D030811 07024
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<PAGE>      PAGE  49
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<PAGE>      PAGE  50
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008 B000901 A
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008 D030901 98402
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008 B000902 S
008 C000902 801-17157
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008 D030902 98402
008 A000903 DELPHI MANAGEMENT, INC.
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008 D030903 02111
008 A000904 INVESCO MANAGEMENT & RESEARCH, INC.
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008 C000904 801-1596
008 D010904 BOSTON
008 D020904 MA
008 D030904 02110
008 A000905 JUNDT ASSOCIATES, INC.
<PAGE>      PAGE  51
008 B000905 S
008 C000905 801-18210
008 D010905 MINNEAPOLIS
008 D020905 MN
008 D030905 55416
008 A000906 MITCHELL HUTCHINS INSTL. INVESTORS, INC.
008 B000906 S
008 C000906 801-20378
008 D010906 NEW YORK
008 D020906 NY
008 D030906 10019
008 A000907 WELLINGTON MANAGEMENT CO.
008 B000907 S
008 C000907 801-15908
008 D010907 BOSTON
008 D020907 MA
008 D030907 02109
008 A000908 SIRACH CAPITAL MANAGEMENT, INC.
008 B000908 S
008 C000908 801-33477
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008 D030908 98101
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<PAGE>      PAGE  52
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062 E000900   0.0
062 F000900   0.0
062 G000900   0.0
062 H000900   0.0
062 I000900   0.0
062 J000900   0.0
062 K000900   0.0
062 L000900   0.0
062 M000900   0.0
062 N000900   0.0
062 O000900   0.0
062 P000900   0.0
062 Q000900   0.0
062 R000900   0.0
<PAGE>      PAGE  53
066 A000900 Y
066 B000900 N
066 C000900 N
066 D000900 N
066 E000900 N
066 F000900 N
066 G000900 Y
067  000900 N
068 A000900 N
068 B000900 N
069  000900 N
070 A010900 Y
070 A020900 N
070 B010900 Y
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 Y
070 D020900 Y
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 Y
070 L010900 Y
070 L020900 Y
070 M010900 N
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 Y
070 Q020900 N
070 R010900 Y
070 R020900 N
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071 B000900     45444
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071 D000900   28
<PAGE>      PAGE  54
072 A000900  6
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072 J000900      161
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072 L000900        0
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072 P000900        0
072 Q000900       13
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072 S000900        1
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072 U000900        0
072 V000900        0
072 W000900        8
072 X000900     1212
072 Y000900        0
072 Z000900      232
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<PAGE>      PAGE  55
074 O000900     2486
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008 A001001 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B001001 A
008 C001001 801-17141
008 D011001 TACOMA
008 D021001 WA
008 D031001 98402
008 A001002 FRANK RUSSELL COMPANY
008 B001002 S
008 C001002 801-17157
008 D011002 TACOMA
008 D021002 WA
008 D031002 98402
008 A001003 BARROW, HANLEY, MEWHINNEY & STRAUSS, INC.
008 B001003 S
008 C001003 801-14861
008 D011003 DALLAS
008 D021003 TX
008 D031003 75201
008 A001004 BRANDYWINE ASSET MANAGEMENT, INC.
008 B001004 S
008 C001004 801-28785
008 D011004 WILMINGTON
008 D021004 DE
008 D031004 19801
008 A001005 TRINITY INVESTMENT MANAGEMENT CORP.
008 B001005 S
008 C001005 801-11312
008 D011005 BOSTON
008 D021005 MA
008 D031005 02116
024  001000 Y
025 A001001 CHASE MANHATTAN CORP.
<PAGE>      PAGE  56
025 B001001 133112953
025 C001001 E
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025 D001006       0
025 D001007       0
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045  001000 Y
046  001000 N
047  001000 Y
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048 A021000 0.000
048 B011000        0
048 B021000 0.000
048 C011000        0
048 C021000 0.000
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048 D021000 0.000
<PAGE>      PAGE  57
048 E011000        0
048 E021000 0.000
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048 F021000 0.000
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048 H011000        0
048 H021000 0.000
048 I011000        0
048 I021000 0.000
048 J011000        0
048 J021000 0.000
048 K011000        0
048 K021000 0.000
049  001000 N
050  001000 N
051  001000 N
052  001000 N
053 A001000 N
062 A001000 N
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062 C001000   0.0
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066 A001000 Y
066 B001000 N
066 C001000 N
066 D001000 N
066 E001000 N
066 F001000 Y
066 G001000 N
067  001000 N
068 A001000 N
068 B001000 N
069  001000 N
070 A011000 Y
070 A021000 N
070 B011000 Y
<PAGE>      PAGE  58
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 Y
070 E011000 Y
070 E021000 N
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 Y
070 L011000 Y
070 L021000 Y
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 Y
070 Q021000 N
070 R011000 Y
070 R021000 N
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<PAGE>      PAGE  59
072 O001000        0
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072 R001000        6
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<PAGE>      PAGE  60
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008 A001101 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B001101 A
008 C001101 801-17141
008 D011101 TACOMA
008 D021101 WA
008 D031101 98402
008 A001102 FRANK RUSSELL COMPANY
008 B001102 S
008 C001102 801-17157
008 D011102 TACOMA
008 D021102 WA
008 D031102 98402
008 A001103 STANDISH, AYER & WOOD, INC.
008 B001103 S
008 C001103 801-584
008 D011103 BOSTON
008 D021103 MA
008 D031103 02111
008 A001104 LINCOLN CAPITAL MANAGEMENT CO.
008 B001104 S
008 C001104 801-11417
008 D011104 CHICAGO
008 D021104 IL
008 D031104 60606
008 A001105 PACIFIC INVESTMENT MANAGEMENT COMPANY
008 B001105 S
008 C001105 801-15057
008 D011105 NEWPORT BEACH
008 D021105 CA
008 D031105 92660
024  001100 Y
025 A001101 BARCLAYS BANK PLC
025 B001101 133551367
025 C001101 D
025 D001101    1154
025 A001102 CHASE MANHATTAN CORP.
025 B001102 133112953
025 C001102 D
025 D001102     789
025 A001103 GOLDMAN SACHS GROUP L.P.
025 B001103 135108880
025 C001103 D
025 D001103     744
025 A001104 SALOMON, INC.
025 B001104 133082694
025 C001104 D
<PAGE>      PAGE  61
025 D001104    1387
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025 D001106       0
025 D001107       0
025 D001108       0
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028 D021100      1205
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028 G021100      6119
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028 G041100     93604
028 H001100         0
045  001100 Y
046  001100 N
047  001100 Y
048  001100  0.450
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048 A021100 0.000
048 B011100        0
048 B021100 0.000
048 C011100        0
048 C021100 0.000
048 D011100        0
048 D021100 0.000
048 E011100        0
048 E021100 0.000
048 F011100        0
048 F021100 0.000
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<PAGE>      PAGE  62
048 G021100 0.000
048 H011100        0
048 H021100 0.000
048 I011100        0
048 I021100 0.000
048 J011100        0
048 J021100 0.000
048 K011100        0
048 K021100 0.000
049  001100 N
050  001100 N
051  001100 N
052  001100 N
053 A001100 N
062 A001100 Y
062 B001100   0.2
062 C001100   0.0
062 D001100   0.0
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062 F001100   0.0
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062 H001100   0.0
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062 J001100   0.0
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062 N001100   4.4
062 O001100   0.0
062 P001100  13.8
062 Q001100  43.9
062 R001100   0.6
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063 B001100  8.7
064 A001100 Y
064 B001100 N
066 A001100 N
067  001100 N
068 A001100 N
068 B001100 N
069  001100 N
070 A011100 Y
070 A021100 N
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 Y
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
<PAGE>      PAGE  63
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 Y
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 Y
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 Y
070 Q021100 N
070 R011100 Y
070 R021100 N
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<PAGE>      PAGE  64
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072 X001100     1334
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008 A001201 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B001201 A
<PAGE>      PAGE  65
008 C001201 801-17141
008 D011201 TACOMA
008 D021201 WA
008 D031201 98402
008 A001202 FRANK RUSSELL COMPANY
008 B001202 S
008 C001202 801-17157
008 D011202 TACOMA
008 D021202 WA
008 D031202 98402
008 A001203 BLACKROCK FINANCIAL MANAGEMENT
008 B001203 S
008 C001203 801-32183
008 D011203 NEW YORK
008 D021203 NY
008 D031203 10154
008 A001204 STANDISH, AYER & WOOD, INC.
008 B001204 S
008 C001204 801-584
008 D011204 BOSTON
008 D021204 MA
008 D031204 02111
024  001200 Y
025 A001201 GOLDMAN SACHS GROUP L.P.
025 B001201 135108880
025 C001201 D
025 D001201     936
025 A001202 MERRILL LYNCH & CO., INC.
025 B001202 135674085
025 C001202 D
025 D001202    2121
025 A001203 MORGAN STANLEY GROUP, INC.
025 B001203 132655998
025 C001203 D
025 D001203    1178
025 A001204 SALOMON, INC.
025 B001204 133082694
025 C001204 D
025 D001204    1667
025 A001205 DELETE
025 D001205       0
025 D001206       0
025 D001207       0
025 D001208       0
028 A011200     23081
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028 A041200     16402
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028 B031200         0
<PAGE>      PAGE  66
028 B041200     11590
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028 C021200       490
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028 D011200      4819
028 D021200       504
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028 E021200       503
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028 E041200      7479
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028 F021200       509
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028 F041200      9177
028 G011200     66664
028 G021200      2843
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028 G041200     67805
028 H001200         0
045  001200 Y
046  001200 N
047  001200 Y
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048 A021200 0.000
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048 B021200 0.000
048 C011200        0
048 C021200 0.000
048 D011200        0
048 D021200 0.000
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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        0
048 K021200 0.000
049  001200 N
050  001200 N
051  001200 N
<PAGE>      PAGE  67
052  001200 N
053 A001200 N
062 A001200 Y
062 B001200   1.4
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  16.0
062 M001200   7.8
062 N001200   0.7
062 O001200   0.0
062 P001200  21.7
062 Q001200  50.4
062 R001200   1.2
063 A001200   0
063 B001200  2.8
064 A001200 Y
064 B001200 N
066 A001200 N
067  001200 N
068 A001200 N
068 B001200 N
069  001200 N
070 A011200 Y
070 A021200 N
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 Y
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 Y
<PAGE>      PAGE  68
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 Y
070 Q021200 N
070 R011200 Y
070 R021200 N
071 A001200    146790
071 B001200    164101
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071 D001200   75
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072 J001200       79
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072 P001200        0
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072 R001200        9
072 S001200        1
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072 X001200      749
072 Y001200        0
072 Z001200     6507
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072BB001200     2977
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072CC021200     7065
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072EE001200        0
<PAGE>      PAGE  69
073 A011200   0.5080
073 A021200   0.0000
073 B001200   0.0000
073 C001200   0.0000
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074 B001200        0
074 C001200    37891
074 D001200   176052
074 E001200     2608
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074 G001200        0
074 H001200        0
074 I001200        0
074 J001200     9707
074 K001200        0
074 L001200     3074
074 M001200        1
074 N001200   229351
074 O001200    10351
074 P001200      120
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200       34
074 R041200      474
074 S001200        0
074 T001200   218372
074 U011200    11483
074 U021200        0
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074 X001200     1590
074 Y001200     3978
075 A001200        0
075 B001200   226149
076  001200     0.00
008 A001301 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B001301 A
008 C001301 801-17141
008 D011301 TACOMA
008 D021301 WA
008 D031301 98402
008 A001302 FRANK RUSSELL COMPANY
008 B001302 S
008 C001302 801-17157
008 D011302 TACOMA
008 D021302 WA
008 D031302 98402
008 A001303 BOSTON INTERNATIONAL ADVISORS, INC.
008 B001303 S
<PAGE>      PAGE  70
008 C001303 801-28755
008 D011303 BOSTON
008 D021303 MA
008 D031303 02109
008 A001304 GRANTHAM, MAYO, VAN OTTERLOO & CO.
008 B001304 S
008 C001304 801-15028
008 D011304 BOSTON
008 D021304 MA
008 D031304 02110
008 A001305 OECHSLE INTERNATIONAL ADVISORS
008 B001305 S
008 C001305 801-28111
008 D011305 BOSTON
008 D021305 MA
008 D031305 02110
008 A001306 ROWE PRICE-FLEMING INTERNATIONAL, INC.
008 B001306 S
008 C001306 801-14713
008 D011306 BALTIMORE
008 D021306 MD
008 D031306 21202
024  001300 Y
025 A001301 SANWA BANK
025 B001301 133046258
025 C001301 E
025 D001301     114
025 A001302 BARCLAYS BANK PLC
025 B001302 133551367
025 C001302 E
025 D001302     716
025 D001303       0
025 D001304       0
025 D001305       0
025 D001306       0
025 D001307       0
025 D001308       0
028 A011300     22105
028 A021300         0
028 A031300         0
028 A041300     27043
028 B011300     20878
028 B021300      2714
028 B031300         0
028 B041300      7907
028 C011300     21466
028 C021300         0
028 C031300         0
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<PAGE>      PAGE  71
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045  001300 Y
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048 C021300 0.000
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048 I021300 0.000
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050  001300 N
051  001300 N
052  001300 N
053 A001300 N
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<PAGE>      PAGE  72
062 F001300   0.0
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062 P001300   0.0
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066 A001300 Y
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066 C001300 N
066 D001300 N
066 E001300 N
066 F001300 N
066 G001300 Y
067  001300 N
068 A001300 N
068 B001300 Y
069  001300 N
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 Y
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070 E011300 Y
070 E021300 N
070 F011300 Y
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 Y
070 L011300 Y
070 L021300 Y
070 M011300 Y
070 M021300 Y
070 N011300 Y
<PAGE>      PAGE  73
070 N021300 Y
070 O011300 Y
070 O021300 N
070 P011300 Y
070 P021300 N
070 Q011300 Y
070 Q021300 N
070 R011300 Y
070 R021300 N
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<PAGE>      PAGE  74
074 B001300        0
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008 A001401 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B001401 A
008 C001401 801-17141
008 D011401 TACOMA
008 D021401 WA
008 D031401 98402
008 A001402 FRANK RUSSELL COMPANY
008 B001402 S
008 C001402 801-17157
008 D011402 TACOMA
008 D021402 WA
008 D031402 98402
008 A001403 MASSACHUSETTS FINANCIAL SERVICES COMPANY
008 B001403 S
008 C001403 801-173520
008 D011403 BOSTON
008 D021403 MA
008 D031403 02116
008 A001404 T. ROWE PRICE ASSOCIATES, INC.
<PAGE>      PAGE  75
008 B001404 S
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008 D011404 BALTIMORE
008 D021404 MD
008 D031404 21202
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045  001400 Y
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047  001400 Y
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<PAGE>      PAGE  76
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048 J021400 0.000
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048 K021400 0.000
049  001400 N
050  001400 N
051  001400 N
052  001400 N
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064 A001400 Y
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068 A001400 N
068 B001400 N
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070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 Y
070 D021400 N
070 E011400 Y
<PAGE>      PAGE  77
070 E021400 N
070 F011400 Y
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 Y
070 L011400 Y
070 L021400 N
070 M011400 N
070 M021400 N
070 N011400 N
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 Y
070 P021400 N
070 Q011400 Y
070 Q021400 N
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070 R021400 N
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<PAGE>      PAGE  78
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008 A001501 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
<PAGE>      PAGE  79
008 B001501 A
008 C001501 801-17141
008 D011501 TACOMA
008 D021501 WA
008 D031501 98402
008 A001502 FRANK RUSSELL COMPANY
008 B001502 S
008 C001502 801-17157
008 D011502 TACOMA
008 D021502 WA
008 D031502 98402
024  001500 N
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<PAGE>      PAGE  80
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050  001500 N
051  001500 N
052  001500 N
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064 A001500 Y
064 B001500 N
066 A001500 N
067  001500 N
068 A001500 N
068 B001500 N
069  001500 N
070 A011500 Y
070 A021500 Y
070 B011500 N
<PAGE>      PAGE  81
070 B021500 N
070 C011500 N
070 C021500 N
070 D011500 N
070 D021500 N
070 E011500 N
070 E021500 N
070 F011500 N
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 N
070 L021500 N
070 M011500 N
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 Y
070 P021500 N
070 Q011500 Y
070 Q021500 N
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<PAGE>      PAGE  82
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<PAGE>      PAGE  83
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008 A001601 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B001601 A
008 C001601 801-17141
008 D011601 TACOMA
008 D021601 WA
008 D031601 98402
008 A001602 FRANK RUSSELL COMPANY
008 B001602 S
008 C001602 801-17157
008 D011602 TACOMA
008 D021602 WA
008 D031602 98402
008 A001603 FRANKLIN PORTFOLIO ASSOCIATES TRUST
008 B001603 S
008 C001603 801-17057
008 D011603 BOSTON
008 D021603 MA
008 D031603 02109
008 A001604 J.P. MORGAN INVESTMENT MANAGEMENT, INC.
008 B001604 S
008 C001604 801-21011
008 D011604 NEW YORK
008 D021604 NY
008 D031604 10036
008 A001605 WELLS FARGO NIKKO INVESTMENT ADVISORS
008 B001605 S
008 C001605 801-22609
008 D011605 SAN FRANCISCO
008 D021605 CA
008 D031605 94105
024  001600 Y
025 A001601 BEAR STEARNS COS., INC.
025 B001601 133299429
025 C001601 E
025 D001601    1855
025 A001602 CHASE MANHATTAN CORP.
025 B001602 133112953
025 C001602 E
025 D001602    1266
025 A001603 LEHMAN BROTHERS HOLDINGS, INC.
025 B001603 132518466
025 C001603 E
025 D001603     185
025 A001604 MERRILL LYNCH & CO., INC.
025 B001604 135674085
025 C001604 E
<PAGE>      PAGE  84
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025 A001605 SALOMON, INC.
025 B001605 133082694
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<PAGE>      PAGE  85
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050  001600 N
051  001600 N
052  001600 N
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066 D001600 N
066 E001600 N
066 F001600 N
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067  001600 N
068 A001600 N
068 B001600 N
069  001600 N
070 A011600 Y
070 A021600 N
070 B011600 Y
070 B021600 N
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<PAGE>      PAGE  86
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070 D021600 Y
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070 G021600 N
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070 H021600 N
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070 J011600 Y
070 J021600 N
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070 K021600 Y
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<PAGE>      PAGE  87
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<PAGE>      PAGE  88
075 A001600        0
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008 A001701 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B001701 A
008 C001701 801-17141
008 D011701 TACOMA
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008 D031701 98402
008 A001702 FRANK RUSSELL COMPANY
008 B001702 S
008 C001702 801-17157
008 D011702 TACOMA
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008 D031702 98402
008 A001703 FRANKLIN PORTFOLIO ASSOCIATES TRUST
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008 C001703 801-17057
008 D011703 BOSTON
008 D021703 MA
008 D031703 02109
008 A001704 J.P. MORGAN INVESTMENT MANAGEMENT, INC.
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008 C001704 801-21011
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008 D021704 NY
008 D031704 10036
008 A001705 WELLS FARGO NIKKO INVESTMENT ADVISORS
008 B001705 S
008 C001705 801-22609
008 D011705 SAN FRANCISCO
008 D021705 CA
008 D031705 94105
024  001700 Y
025 A001701 BEAR STEARNS COS., INC.
025 B001701 133299429
025 C001701 E
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025 A001702 CHASE MANHATTAN CORP.
025 B001702 133112953
025 C001702 E
025 D001702     857
025 A001703 LEHMAN BROTHERS HOLDINGS, INC.
025 B001703 132518466
025 C001703 E
025 D001703     123
025 A001704 MERRILL LYNCH & CO., INC.
025 B001704 135674085
025 C001704 E
025 D001704    1803
025 A001705 MORGAN STANLEY GROUP, INC.
<PAGE>      PAGE  89
025 B001705 132655998
025 C001705 E
025 D001705      63
025 A001706 SALOMON, INC.
025 B001706 133082694
025 C001706 E
025 D001706      96
025 D001707       0
025 D001708       0
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045  001700 Y
046  001700 N
047  001700 Y
048  001700  0.780
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048 A021700 0.000
048 B011700        0
048 B021700 0.000
048 C011700        0
048 C021700 0.000
048 D011700        0
048 D021700 0.000
048 E011700        0
<PAGE>      PAGE  90
048 E021700 0.000
048 F011700        0
048 F021700 0.000
048 G011700        0
048 G021700 0.000
048 H011700        0
048 H021700 0.000
048 I011700        0
048 I021700 0.000
048 J011700        0
048 J021700 0.000
048 K011700        0
048 K021700 0.000
049  001700 N
050  001700 N
051  001700 N
052  001700 N
053 A001700 N
062 A001700 N
062 B001700   0.0
062 C001700   0.0
062 D001700   0.0
062 E001700   0.0
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066 A001700 Y
066 B001700 N
066 C001700 N
066 D001700 N
066 E001700 N
066 F001700 N
066 G001700 Y
067  001700 N
068 A001700 N
068 B001700 N
069  001700 N
070 A011700 Y
070 A021700 N
070 B011700 Y
070 B021700 N
<PAGE>      PAGE  91
070 C011700 Y
070 C021700 N
070 D011700 Y
070 D021700 Y
070 E011700 Y
070 E021700 N
070 F011700 Y
070 F021700 N
070 G011700 Y
070 G021700 N
070 H011700 Y
070 H021700 N
070 I011700 N
070 I021700 N
070 J011700 Y
070 J021700 N
070 K011700 Y
070 K021700 Y
070 L011700 Y
070 L021700 Y
070 M011700 N
070 M021700 N
070 N011700 Y
070 N021700 N
070 O011700 Y
070 O021700 N
070 P011700 Y
070 P021700 N
070 Q011700 Y
070 Q021700 N
070 R011700 Y
070 R021700 N
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<PAGE>      PAGE  92
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<PAGE>      PAGE  93
074 Y001700     8575
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008 A001801 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B001801 A
008 C001801 801-17141
008 D011801 TACOMA
008 D021801 WA
008 D031801 98402
008 A001802 FRANK RUSSELL COMPANY
008 B001802 S
008 C001802 801-17157
008 D011802 TACOMA
008 D021802 WA
008 D031802 98402
008 A001803 WEISS, PECK & GREER ADVISORS, INC.
008 B001803 S
008 C001803 801-6604
008 D011803 NEW YORK
008 D021803 NY
008 D031803 10004
024  001800 N
028 A011800      9941
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<PAGE>      PAGE  94
028 H001800         0
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048 J011800        0
048 J021800 0.000
048 K011800        0
048 K021800 0.000
049  001800 N
050  001800 N
051  001800 N
052  001800 N
053 A001800 N
062 A001800 Y
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062 Q001800   0.0
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<PAGE>      PAGE  95
063 B001800  0.0
064 A001800 Y
064 B001800 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 Y
070 J021800 N
070 K011800 Y
070 K021800 N
070 L011800 N
070 L021800 N
070 M011800 N
070 M021800 N
070 N011800 N
070 N021800 N
070 O011800 Y
070 O021800 N
070 P011800 Y
070 P021800 N
070 Q011800 Y
070 Q021800 N
070 R011800 Y
070 R021800 N
071 A001800         0
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<PAGE>      PAGE  96
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<PAGE>      PAGE  97
074 R011800        0
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074 X001800      321
074 Y001800        0
075 A001800    84431
075 B001800        0
076  001800     0.00
008 A001901 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B001901 A
008 C001901 801-17141
008 D011901 TACOMA
008 D021901 WA
008 D031901 98402
008 A001902 FRANK RUSSELL COMPANY
008 B001902 S
008 C001902 801-17157
008 D011902 TACOMA
008 D021902 WA
008 D031902 98402
008 A001903 COHEN & STEERS CAPITAL MANAGEMENT
008 B001903 S
008 C001903 801-27721
008 D011903 NEW YORK
008 D021903 NY
008 D031903 10017
024  001900 N
028 A011900     10101
028 A021900         0
028 A031900         0
028 A041900      3039
028 B011900      7570
028 B021900       685
028 B031900         0
028 B041900      3164
028 C011900      9342
028 C021900         0
028 C031900         0
028 C041900      4981
028 D011900     10903
028 D021900      1613
028 D031900         0
028 D041900      2515
<PAGE>      PAGE  98
028 E011900      6364
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028 F011900      7805
028 F021900         0
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028 F041900      3827
028 G011900     52085
028 G021900      2298
028 G031900         0
028 G041900     20635
028 H001900         0
045  001900 Y
046  001900 N
047  001900 Y
048  001900  0.850
048 A011900        0
048 A021900 0.000
048 B011900        0
048 B021900 0.000
048 C011900        0
048 C021900 0.000
048 D011900        0
048 D021900 0.000
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048 E021900 0.000
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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        0
048 K021900 0.000
049  001900 N
050  001900 N
051  001900 N
052  001900 N
053 A001900 N
062 A001900 N
062 B001900   0.0
062 C001900   0.0
062 D001900   0.0
062 E001900   0.0
062 F001900   0.0
062 G001900   0.0
<PAGE>      PAGE  99
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   0.0
062 Q001900   0.0
062 R001900   0.0
066 A001900 Y
066 B001900 N
066 C001900 N
066 D001900 N
066 E001900 N
066 F001900 N
066 G001900 Y
067  001900 N
068 A001900 N
068 B001900 N
069  001900 N
070 A011900 Y
070 A021900 N
070 B011900 Y
070 B021900 N
070 C011900 Y
070 C021900 N
070 D011900 Y
070 D021900 N
070 E011900 Y
070 E021900 N
070 F011900 Y
070 F021900 N
070 G011900 Y
070 G021900 N
070 H011900 Y
070 H021900 N
070 I011900 N
070 I021900 N
070 J011900 Y
070 J021900 N
070 K011900 Y
070 K021900 Y
070 L011900 Y
070 L021900 N
070 M011900 N
070 M021900 N
070 N011900 Y
070 N021900 N
070 O011900 Y
<PAGE>      PAGE  100
070 O021900 N
070 P011900 Y
070 P021900 N
070 Q011900 Y
070 Q021900 N
070 R011900 Y
070 R021900 N
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071 B001900     41266
071 C001900    153405
071 D001900   27
072 A001900  6
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072 C001900     5277
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072 J001900       49
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072 Q001900        3
072 R001900        4
072 S001900        1
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072 V001900        0
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072 X001900      898
072 Y001900        0
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072AA001900     4670
072BB001900     1827
072CC011900        0
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072DD021900        0
072EE001900      820
073 A011900   0.2890
073 A021900   0.0000
073 B001900   0.1965
073 C001900   0.0000
074 A001900        1
074 B001900        0
074 C001900     9017
<PAGE>      PAGE  101
074 D001900        0
074 E001900      600
074 F001900   174061
074 G001900        0
074 H001900        0
074 I001900        0
074 J001900     3513
074 K001900        0
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074 M001900        1
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074 O001900     3590
074 P001900      172
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074 T001900   185611
074 U011900     7810
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074 Y001900        0
075 A001900        0
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008 A002001 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B002001 A
008 C002001 801-17141
008 D012001 TACOMA
008 D022001 WA
008 D032001 98402
008 A002002 FRANK RUSSELL COMPANY
008 B002002 S
008 C002002 801-17157
008 D012002 TACOMA
008 D022002 WA
008 D032002 98402
008 A002003 BEA ASSOCIATES
008 B002003 S
008 C002003 801-37170
008 D012003 NEW YORK
008 D022003 NY
008 D032003 10022
008 A002004 PACIFIC INVESTMENT MANAGEMENT COMPANY
008 B002004 S
008 C002004 801-15057
<PAGE>      PAGE  102
008 D012004 NEWPORT BEACH
008 D022004 CA
008 D032004 92660
008 A002005 STANDISH, AYER & WOOD, INC.
008 B002005 S
008 C002005 801-584
008 D012005 BOSTON
008 D022005 MA
008 D032005 02111
024  002000 Y
025 A002001 CHASE MANHATTAN CORP.
025 B002001 133112953
025 C002001 D
025 D002001     732
025 A002002 SALOMON, INC.
025 B002002 133082694
025 C002002 D
025 D002002     264
025 A002003 GOLDMAN, SACHS GROUP L.P.
025 B002003 135108880
025 C002003 D
025 D002003     485
025 A002004 DELETE
025 D002004       0
025 D002005       0
025 D002006       0
025 D002007       0
025 D002008       0
028 A012000     13395
028 A022000         0
028 A032000         0
028 A042000      3839
028 B012000     17365
028 B022000        58
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028 D022000      2125
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028 E012000      4504
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028 E032000         0
028 E042000      2566
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028 F022000         0
028 F032000         0
<PAGE>      PAGE  103
028 F042000      3442
028 G012000     64227
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028 G042000     20436
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045  002000 Y
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047  002000 N
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048 F022000 0.000
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048 G022000 0.000
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048 I022000 0.000
048 J012000        0
048 J022000 0.000
048 K012000        0
048 K022000 0.000
049  002000 N
050  002000 N
051  002000 N
052  002000 N
053 A002000 Y
053 B002000 Y
053 C002000 N
062 A002000 Y
062 B002000   7.1
062 C002000   0.0
062 D002000   0.0
062 E002000   0.0
062 F002000   0.0
062 G002000   0.0
062 H002000   0.0
062 I002000   0.4
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<PAGE>      PAGE  104
062 M002000  20.1
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062 P002000  29.5
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062 R002000   1.3
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063 B002000  8.9
064 A002000 Y
064 B002000 N
066 A002000 N
067  002000 N
068 A002000 N
068 B002000 N
069  002000 N
070 A012000 Y
070 A022000 N
070 B012000 Y
070 B022000 N
070 C012000 Y
070 C022000 Y
070 D012000 Y
070 D022000 N
070 E012000 Y
070 E022000 Y
070 F012000 Y
070 F022000 N
070 G012000 Y
070 G022000 N
070 H012000 Y
070 H022000 N
070 I012000 N
070 I022000 N
070 J012000 Y
070 J022000 N
070 K012000 Y
070 K022000 Y
070 L012000 Y
070 L022000 Y
070 M012000 Y
070 M022000 Y
070 N012000 Y
070 N022000 N
070 O012000 Y
070 O022000 N
070 P012000 Y
070 P022000 N
070 Q012000 Y
070 Q022000 N
070 R012000 Y
070 R022000 N
<PAGE>      PAGE  105
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074 D002000   129637
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<PAGE>      PAGE  106
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008 A002101 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B002101 A
008 C002101 801-17141
008 D012101 TACOMA
008 D022101 WA
008 D032101 98402
008 A002102 FRANK RUSSELL COMPANY
008 B002102 S
008 C002102 801-17157
008 D012102 TACOMA
008 D022102 WA
008 D032102 98402
008 A002103 BARING INTERNATIONAL INVESTMENT, LTD.
008 B002103 S
008 C002103 801-15160
008 D012103 LONDON
008 D052103 ENGLAND
008 D062103 EC2M 3XY
008 A002104 GENESIS ASSET MANAGERS, LTD.
008 B002104 S
008 C002104 801-37830
008 D012104 LONDON
008 D052104 ENGLAND
008 D062104 SW1X 7LY
008 A002105 MONTGOMERY ASSET MANAGEMENT L.P.
008 B002105 S
008 C002105 801-36790
008 D012105 SAN FRANCISCO
<PAGE>      PAGE  107
008 D022105 CA
008 D032105 94111
024  002100 N
028 A012100     12316
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<PAGE>      PAGE  108
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066 B002100 N
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066 D002100 N
066 E002100 N
066 F002100 N
066 G002100 Y
067  002100 N
068 A002100 N
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069  002100 N
070 A012100 Y
070 A022100 N
070 B012100 Y
070 B022100 N
070 C012100 Y
070 C022100 N
070 D012100 Y
070 D022100 N
<PAGE>      PAGE  109
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070 F012100 Y
070 F022100 N
070 G012100 Y
070 G022100 N
070 H012100 Y
070 H022100 N
070 I012100 N
070 I022100 N
070 J012100 Y
070 J022100 N
070 K012100 Y
070 K022100 Y
070 L012100 Y
070 L022100 Y
070 M012100 Y
070 M022100 Y
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070 O012100 Y
070 O022100 N
070 P012100 Y
070 P022100 N
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070 Q022100 N
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<PAGE>      PAGE  110
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<PAGE>      PAGE  111
008 A002201 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B002201 A
008 C002201 801-17141
008 D012201 TACOMA
008 D022201 WA
008 D032201 98402
008 A002202 FRANK RUSSELL COMPANY
008 B002202 S
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008 A002203 BEA ASSOCIATES
008 B002203 S
008 C002203 801-37170
008 D012203 NEW YORK
008 D022203 NY
008 D032203 10022
008 A002204 PACIFIC INVESTMENT MANAGEMENT COMPANY
008 B002204 S
008 C002204 801-15057
008 D012204 NEWPORT BEACH
008 D022204 CA
008 D032204 92660
008 A002205 STANDISH, AYER & WOOD, INC.
008 B002205 S
008 C002205 801-584
008 D012205 BOSTON
008 D022205 MA
008 D032205 02111
024  002200 Y
025 A002201 CHASE MANHATTAN CORP.
025 B002201 133112953
025 C002201 D
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025 A002202 GOLDMAN SACHS GROUP L.P.
025 B002202 135108880
025 C002202 D
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025 A002203 SALOMON, INC.
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<PAGE>      PAGE  112
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<PAGE>      PAGE  113
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<PAGE>      PAGE  114
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<PAGE>      PAGE  115
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SIGNATURE   MARGARET BARCLAY                             
TITLE       TREASURER & CAO     
 


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