<PAGE> PAGE 1
000 A000000 06/30/95
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 84-01626
012 C01AA01 TACOMA
012 C02AA01 WA
012 C03AA01 98402
013 A00AA01 COOPERS & LYBRAND L.L.P.
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 MEXICO, S.A.
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 OSLO
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 EGYPT
015 E04AA48 X
015 A00AA49 BARCLAYS BANK OF BOTSWANA
015 B00AA49 S
<PAGE> PAGE 8
015 C01AA49 BOTSWANA
015 D01AA49 BOTSWANA
015 E04AA49 X
015 A00AA50 CITIBANK POLAND S.A.
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
015 A00AA54 BARCLAYS BANK OF GHANA LIMITED
015 B00AA54 S
015 C01AA54 ACCRA
015 D01AA54 GHANA
015 E04AA54 X
015 A00AA55 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA55 S
015 C01AA55 AMMAN
015 D01AA55 JORDAN
015 E04AA55 X
015 A00AA56 BARCLAYS BANK OF KENYA LIMITED
015 B00AA56 S
015 C01AA56 NAIROBI
015 D01AA56 KENYA
015 E04AA56 X
015 A00AA57 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B00AA57 S
015 C01AA57 PORT LOUIS
015 D01AA57 MAURITIUS
015 E04AA57 X
015 A00AA58 CESKOSLOVENSKA OBCHODNA BANKA A.S.
015 B00AA58 S
015 C01AA58 BRATISLAVA
015 D01AA58 SLOVAK REPUBLIC
015 E04AA58 X
015 A00AA59 BARCLAYS BANK OF SWAZILAND LIMITED
<PAGE> PAGE 9
015 B00AA59 S
015 C01AA59 MBADANA
015 D01AA59 SWAZILAND
015 E04AA59 X
015 A00AA60 BARCLAYS BANK OF ZAMBIA LIMITED
015 B00AA60 S
015 C01AA60 LUSKA
015 D01AA60 ZAMBIA
015 E04AA60 X
015 A00AA61 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B00AA61 S
015 C01AA61 HARARE
015 D01AA61 ZIMBABWE
015 E04AA61 X
015 A00AA62 DEUTSCHE BANK, AG
015 B00AA62 S
015 C01AA62 BOMBAY
015 D01AA62 INDIA
015 E04AA62 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 SALOMON BROTHERS, INC.
020 B000001 133082694
020 C000001 264
020 A000002 INVESTMENT TECHNOLOGY GROUP
020 B000002 954339369
020 C000002 243
020 A000003 FRANK RUSSELL SECURITIES, INC.
020 B000003 910604934
020 C000003 203
020 A000004 MORGAN STANLEY & CO., INC.
020 B000004 132655998
020 C000004 202
020 A000005 INSTINET CORP.
020 B000005 133443395
020 C000005 188
020 A000006 BEAR STERNS SECURITIES
020 B000006 133299429
020 C000006 163
020 A000007 MERRILL LYNCH, PIERCE, FENNER, & SMITH INC.
020 B000007 135674085
020 C000007 149
020 A000008 PAINEWEBBER, INC.
020 B000008 132638166
020 C000008 123
020 A000009 UBS SECURITIES
020 B000009 132932996
020 C000009 119
020 A000010 GOLDMAN SACHS & CO.
020 B000010 135108880
<PAGE> PAGE 10
020 C000010 117
021 000000 4758
022 A000001 CHASE SECURITIES, INC.
022 B000001 133112953
022 C000001 8374447
022 D000001 0
022 A000002 BARCLAYS DE ZOETE WEDD, INC.
022 B000002 133551367
022 C000002 2873351
022 D000002 5594
022 A000003 HSBC SECURITIES, INC.
022 B000003 N/A
022 C000003 2195240
022 D000003 4820
022 A000004 SANWA BANK, LTD.
022 B000004 133046258
022 C000004 1679014
022 D000004 9259
022 A000005 ASSOC. CORP. OF NORTH AMERICA
022 B000005 131917220
022 C000005 1541697
022 D000005 0
022 A000006 FUJI BANK
022 B000006 135624234
022 C000006 1535483
022 D000006 0
022 A000007 MORGAN STANLEY & CO., INC.
022 B000007 132655998
022 C000007 1413343
022 D000007 9886
022 A000008 BANQUE NATIONALE DE PARIS
022 B000008 N/A
022 C000008 1134071
022 D000008 0
022 A000009 INDUSTRIAL BANK OF JAPAN
022 B000009 N/A
022 C000009 438127
022 D000009 0
022 A000010 SUMITOMO BANK, LTD.
022 B000010 133606844
022 C000010 436006
022 D000010 0
023 C000000 27313567
023 D000000 2478529
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 Y
026 F000000 Y
026 G010000 N
<PAGE> PAGE 11
026 G020000 Y
026 H000000 N
027 000000 Y
029 00AA00 N
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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 Y
077 C000000 Y
077 L000000 Y
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008 B000101 A
008 C000101 801-17141
008 D010101 TACOMA
008 D020101 WA
008 D030101 98402
008 A000102 ALLIANCE CAPITAL MANAGEMENT L.P.
<PAGE> PAGE 12
008 B000102 S
008 C000102 801-7492
008 D010102 MINNEAPOLIS
008 D020102 MN
008 D030102 55402
008 A000103 CASH FLOW INVESTORS, INC.
008 B000103 S
008 C000103 801-18299
008 D010103 FORT LEE
008 D020103 NJ
008 D030103 07024
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.
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008 C000110 801-3631D
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<PAGE> PAGE 13
008 D020110 NY
008 D030110 10107
008 A000111 WELLINGTON MANAGEMENT COMPANY
008 B000111 S
008 C000111 801-15908
008 D010111 VALLEY FORGE
008 D020111 PA
008 D030111 19482
024 000100 Y
025 D000101 0
025 A000102 MERRILL LYNCH & CO., INC.
025 B000102 135674085
025 C000102 E
025 D000102 441
025 A000103 MORGAN (J.P.) & CO.
025 B000103 133224016
025 C000103 E
025 D000103 764
025 A000104 LEHMAN BROTHERS HOLDINGS, INC.
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025 D000108 0
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<PAGE> PAGE 14
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048 K020100 0.000
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051 000100 N
052 000100 N
053 A000100 N
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<PAGE> PAGE 15
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062 R000100 0.0
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066 D000100 N
066 E000100 Y
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
008 A000206 MITCHELL HUTCHINS INST'L INVESTORS, INC.
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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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008 D010302 TACOMA
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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008 A000401 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B000401 A
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008 D030403 02111
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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008 A000501 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
008 B000501 A
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<PAGE> PAGE 32
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008 D030503 10154
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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
008 A000605 OECHSLE INTERNATIONAL ADVISORS
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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<PAGE> PAGE 44
070 A010700 Y
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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008 B000801 A
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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<PAGE> PAGE 56
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008 A001001 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
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<PAGE> PAGE 57
008 D011004 WILMINGTON
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<PAGE> PAGE 58
046 001000 N
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<PAGE> PAGE 59
066 D001000 N
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067 001000 N
068 A001000 N
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070 G021000 N
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070 I021000 N
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070 J021000 N
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070 K021000 Y
070 L011000 Y
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070 Q021000 N
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<PAGE> PAGE 60
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<PAGE> PAGE 61
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<PAGE> PAGE 62
025 A001102 DELETE
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<PAGE> PAGE 63
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<PAGE> PAGE 64
070 C011100 Y
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<PAGE> PAGE 65
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<PAGE> PAGE 66
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008 A001201 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
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008 D031203 10154
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008 D031204 02111
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<PAGE> PAGE 67
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<PAGE> PAGE 68
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<PAGE> PAGE 69
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<PAGE> PAGE 70
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008 A001301 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
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<PAGE> PAGE 71
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<PAGE> PAGE 72
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<PAGE> PAGE 73
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<PAGE> PAGE 74
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<PAGE> PAGE 75
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<PAGE> PAGE 76
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<PAGE> PAGE 77
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<PAGE> PAGE 78
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<PAGE> PAGE 79
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<PAGE> PAGE 80
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008 A001501 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
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<PAGE> PAGE 81
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<PAGE> PAGE 82
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<PAGE> PAGE 83
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<PAGE> PAGE 84
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<PAGE> PAGE 85
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<PAGE> PAGE 86
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<PAGE> PAGE 87
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<PAGE> PAGE 88
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<PAGE> PAGE 89
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<PAGE> PAGE 90
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<PAGE> PAGE 91
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<PAGE> PAGE 92
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<PAGE> PAGE 93
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<PAGE> PAGE 94
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<PAGE> PAGE 95
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<PAGE> PAGE 96
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<PAGE> PAGE 97
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<PAGE> PAGE 98
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<PAGE> PAGE 99
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<PAGE> PAGE 100
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<PAGE> PAGE 101
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<PAGE> PAGE 102
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<PAGE> PAGE 103
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<PAGE> PAGE 104
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<PAGE> PAGE 105
066 A002000 N
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<PAGE> PAGE 106
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<PAGE> PAGE 107
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<PAGE> PAGE 108
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<PAGE> PAGE 109
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<PAGE> PAGE 110
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<PAGE> PAGE 111
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008 A002201 FRANK RUSSELL INVESTMENT MANAGEMENT COMPANY
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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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