<PAGE> PAGE 1
000 B000000 12/31/96
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 23
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 VOLALITILITY CONSTRAINED BOND FUND
007 C031200 N
007 C011300 13
007 C021300 INTERNATIONAL SECURITIES FUND
007 C031300 N
007 C011400 14
007 C021400 LIMITED VOLITLITY TAX FREE FUND
007 C031400 N
007 C011500 15
007 C021500 US 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 C022300 EQUITY T FUND
007 C032300 N
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
<PAGE> PAGE 3
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
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 CO.
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
<PAGE> PAGE 4
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
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 COLOMBIA 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 A00AA15 BANQUE PARIBAS
015 B00AA15 S
015 C01AA15 PARIS
015 D01AA15 FRANCE
015 E04AA15 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
<PAGE> PAGE 5
015 C01AA18 HONG KONG
015 D01AA18 HONG KONG
015 E04AA18 X
015 A00AA19 CITIBANK BUDAPEST RT.
015 B00AA19 S
015 C01AA19 BUDAPEST
015 D01AA19 HUNGARY
015 E04AA19 X
015 A00AA20 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
015 B00AA20 S
015 C01AA20 ABIDJAN
015 D01AA20 IVORY COAST
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 BANQUE PARIBAS - MILAN
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 SEOULBANK
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
<PAGE> PAGE 6
015 D01AA28 MEXICO
015 E04AA28 X
015 A00AA29 MEESPIERSON N.V.
015 B00AA29 S
015 C01AA29 AMSTERDAM
015 D01AA29 NETHERLANDS
015 E04AA29 X
015 A00AA30 ANZ BANKING GROUP (NEW ZEALAND) LTD.
015 B00AA30 S
015 C01AA30 WELLINGTON
015 D01AA30 NEW ZEALAND
015 E04AA30 X
015 A00AA31 CHRISTIANA 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 COMERICAL 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
<PAGE> PAGE 7
015 E04AA38 X
015 A00AA39 SKANDINAVISKA ENSKILDA BANKEN
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
<PAGE> PAGE 8
015 A00AA49 BARCLAYS BANK OF BOTSWANA
015 B00AA49 S
015 C01AA49 GABORONE
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 LTD.
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 LTD.
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 LTD.
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
<PAGE> PAGE 9
015 E04AA58 X
015 A00AA59 BARCLAYS BANK OF SWAZILAND LTD.
015 B00AA59 S
015 C01AA59 MBABANE
015 D01AA59 SWAZILAND
015 E04AA59 X
015 A00AA60 BARCLAYS BANK OF ZAMBIA LTD.
015 B00AA60 S
015 C01AA60 LUSKA
015 D01AA60 ZAMBIA
015 E04AA60 X
015 A00AA61 BARCLAYS BANK OF ZIMBABWE LTD.
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
015 A00AA63 MERITA BANK, LTD.
015 B00AA63 S
015 C01AA63 HELSINKI
015 D01AA63 FINLAND
015 E04AA63 X
015 A00AA64 DRESDNER BANK AG
015 B00AA64 S
015 C01AA64 FRANKFURT
015 D01AA64 GERMANY
015 E04AA64 X
015 A00AA65 THE DAIWA BANK, LTD.
015 B00AA65 S
015 C01AA65 TOKYO
015 D01AA65 JAPAN
015 E04AA65 X
015 A00AA66 BANQUE COMMERCIALE DU MAROC
015 B00AA66 S
015 C01AA66 CASABLANCA
015 D01AA66 MOROCCO
015 E04AA66 X
015 A00AA67 CITIBANK, N.A., ECUADOR
015 B00AA67 S
015 C01AA67 QUITO
015 D01AA67 ECUADOR
015 E04AA67 X
015 A00AA68 CREDIT SUISSE
015 B00AA68 S
015 C01AA68 MOSCOW
015 D01AA68 RUSSIA
015 E04AA68 X
<PAGE> PAGE 10
015 A00AA69 THE BANK OF BERMUDA LIMITED
015 B00AA69 S
015 C01AA69 HAMILTON
015 D01AA69 BERMUDA
015 E04AA69 X
015 A00AA70 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA70 S
015 C01AA70 BEIRUT
015 D01AA70 LEBANON
015 E04AA70 X
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019 A00AA00 Y
019 B00AA00 1
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020 A000001 INVESTMENT TECHNOLOGY GROUP
020 B000001 95-4339369
020 C000001 1143
020 A000002 FRANK RUSSELL SECURITIES, INC.
020 B000002 91-0604934
020 C000002 920
020 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000003 13-5674085
020 C000003 705
020 A000004 BEAR, STEARNS SECURITIES
020 B000004 13-3299429
020 C000004 532
020 A000005 MORGAN STANLEY & CO., INC.
020 B000005 13-2655998
020 C000005 484
020 A000006 INSTINET CORP.
020 B000006 13-3443395
020 C000006 444
020 A000007 DONALDSON, LUFKIN & JENRETTE
020 B000007 13-2741729
020 C000007 353
020 A000008 PAINEWEBBER, INC.
020 B000008 13-2638166
020 C000008 337
020 A000009 SALOMON BROTHERS, INC.
020 B000009 13-3082694
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020 A000010 GOLDMAN SACHS & CO.
020 B000010 13-5108880
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022 A000001 LEHMAN BROTHERS, INC.
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022 C000001 16234168
022 D000001 356772
022 A000002 HSBC SECURITIES, INC.
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<PAGE> PAGE 11
022 C000002 6747626
022 D000002 1293
022 A000003 BARCLAYS DE ZOETE WEDD SECURITIES, INC.
022 B000003 13-3551367
022 C000003 3652529
022 D000003 48525
022 A000004 SMITH BARNEY, INC.
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022 C000004 3163358
022 D000004 219802
022 A000005 ASSOC. CORP OF NORTH AMERICA
022 B000005 13-1917220
022 C000005 2731309
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022 A000006 MERRILL, LYNCH, PIERCE, FENNER, & SMITH, INC.
022 B000006 13-5674085
022 C000006 1280593
022 D000006 709392
022 A000007 MORGAN STANLEY & CO., INC.
022 B000007 13-2655998
022 C000007 862047
022 D000007 322524
022 A000008 SALOMON BROTHERS, INC.
022 B000008 13-3082694
022 C000008 634518
022 D000008 506582
022 A000009 GOLDMAN SACHS & CO.
022 B000009 13-5108880
022 C000009 615837
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022 A000010 PAINEWEBBER
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026 G020000 Y
026 H000000 N
027 000000 Y
034 00AA00 N
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036 B00AA00 0
055 A00AA00 N
055 B00AA00 N
<PAGE> PAGE 12
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 B000000 Y
077 C000000 Y
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077 E000000 N
077 F000000 N
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077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 Y
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
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083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
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085 A00AA00 Y
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<PAGE> PAGE 13
008 A000101 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
008 B000101 A
008 C000101 801-17141
008 D010101 TACOMA
008 D020101 WA
008 D030101 98402
008 A000102 ALLIANCE CAPITAL MANAGEMENT L.P.
008 B000102 S
008 C000102 801-7492
008 D010102 MINNEAPOLIS
008 D020102 MN
008 D030102 55402
008 A000103 BZW BARCLAYS GLOBAL FUND ADVISORS
008 B000103 S
008 C000103 801-22609
008 D010103 SAN FRANSICO
008 D020103 CA
008 D030103 94105
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 DELETE
008 A000110 SUFFOLK CAPITAL MANAGEMENT, INC.
008 B000110 S
<PAGE> PAGE 14
008 C000110 801-3631D
008 D010110 NEW YORK
008 D020110 NY
008 D030110 10107
008 A000111 SCHNEIDER CAPITAL MANAGEMENT
008 B000111 S
008 C000111 801-52502
008 D010111 WAYNE
008 D020111 PA
008 D030111 19807
024 000100 Y
025 A000101 ASSOC. CORP OF NORTH AMERICA
025 B000101 131917220
025 C000101 E
025 D000101 1580
025 A000102 LEHMAN BROTHERS HOLDINGS, INC.
025 B000102 132518466
025 C000102 E
025 D000102 2159
025 A000103 MERRILL LYNCH & CO., INC.
025 B000103 135674085
025 C000103 E
025 D000103 5240
025 A000104 MORGAN STANLEY GROUP, INC.
025 B000104 133224016
025 C000104 E
025 D000104 2502
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025 B000105 132638166
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025 D000105 1524
025 A000106 SALOMON, INC.
025 B000106 133082694
025 C000106 E
025 D000106 1909
025 A000107 DELETE
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025 D000108 0
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028 B030100 0
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<PAGE> PAGE 15
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030 C000100 0.00
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038 000100 0
039 000100 N
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042 B000100 0
042 C000100 0
042 D000100 0
042 E000100 0
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<PAGE> PAGE 16
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050 000100 N
051 000100 N
052 000100 N
053 A000100 N
054 A000100 N
054 B000100 N
054 C000100 N
054 D000100 N
054 E000100 N
054 F000100 N
054 G000100 N
054 H000100 N
054 I000100 N
054 J000100 N
054 K000100 N
054 L000100 N
054 M000100 N
054 N000100 N
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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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 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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<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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<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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<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
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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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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070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 Y
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 Y
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 Y
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 Y
070 Q020800 N
070 R010800 Y
070 R020800 N
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071 B000800 606082
071 C000800 606714
071 D000800 100
072 A000800 12
072 B000800 101
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<PAGE> PAGE 57
072 E000800 0
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<PAGE> PAGE 58
074 R020800 0
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008 A000901 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
008 B000901 A
008 C000901 801-17141
008 D010901 TACOMA
008 D020901 WA
008 D030901 98402
008 A000902 DELETE
008 A000903 DELPHI MANAGEMENT, INC.
008 B000903 S
008 C000903 801-18367
008 D010903 BOSTON
008 D020903 MA
008 D030903 02110
008 A000904 JACOBS LEVY EQUITY MANAGEMENT, INC.
008 B000904 S
008 C000904 801-28257
008 D010904 ROSELAND
008 D020904 NJ
008 D030904 07068
008 A000905 WELLINGTON MANAGEMENT CO.
008 B000905 S
008 C000905 801-15908
008 D010905 BOSTON
008 D020905 MA
008 D030905 02109
008 A000906 SIRACH CAPITAL MANAGEMENT, INC.
008 B000906 S
008 C000906 801-33477
008 D010906 SEATTLE
008 D020906 WA
008 D030906 98101
008 A000907 FIDUCIARY INTERNATIONAL, INC.
008 B000907 S
008 C000907 801-18352
008 D010907 NEW YORK
008 D020907 NY
<PAGE> PAGE 59
008 D030907 10048
008 A000908 GLOBEFLEX CAPITAL L.P.
008 B000908 S
008 C000908 801-45959
008 D010908 SAN DIEGO
008 D020908 CA
008 D030908 92121
024 000900 Y
025 A000901 LEHMAN BROTHERS, INC.
025 B000901 132518466
025 C000901 E
025 D000901 1355
025 A000902 DELETE
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<PAGE> PAGE 60
032 000900 0
033 000900 0
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038 000900 0
039 000900 N
040 000900 N
042 A000900 0
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042 D000900 0
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048 K020900 0.000
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050 000900 N
051 000900 N
052 000900 N
053 A000900 N
054 A000900 N
054 B000900 N
054 C000900 N
054 D000900 N
<PAGE> PAGE 61
054 E000900 N
054 F000900 N
054 G000900 N
054 H000900 N
054 I000900 N
054 J000900 N
054 K000900 N
054 L000900 N
054 M000900 N
054 N000900 N
054 O000900 N
062 A000900 N
062 B000900 0.0
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066 A000900 Y
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066 C000900 N
066 D000900 N
066 E000900 N
066 F000900 N
066 G000900 N
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
<PAGE> PAGE 62
070 F020900 Y
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 Y
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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<PAGE> PAGE 63
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008 A001001 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
008 B001001 A
008 C001001 801-17141
<PAGE> PAGE 64
008 D011001 TACOMA
008 D021001 WA
008 D031001 98402
008 A001002 DELETE
008 A001003 EQUINOX CAPITAL MANAGEMENT
008 B001003 S
008 C001003 801-34524
008 D011003 NEW YORK
008 D021003 NY
008 D031003 10022
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 SALOMON BROTHERS, INC.
025 B001001 133082694
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<PAGE> PAGE 65
028 E021000 0
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048 001000 0.800
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<PAGE> PAGE 66
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
054 A001000 N
054 B001000 N
054 C001000 N
054 D001000 N
054 E001000 N
054 F001000 N
054 G001000 N
054 H001000 N
054 I001000 N
054 J001000 N
054 K001000 N
054 L001000 N
054 M001000 N
054 N001000 N
054 O001000 N
062 A001000 N
062 B001000 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
<PAGE> PAGE 67
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 N
070 B011000 Y
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 Y
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 Y
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 68
072 I001000 236
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<PAGE> PAGE 69
074 T001000 195254
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008 A001101 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
008 B001101 A
008 C001101 801-17141
008 D011101 TACOMA
008 D021101 WA
008 D031101 98402
008 A001102 DELETE
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 CO.
008 B001105 S
008 C001105 801-48187
008 D011105 NEWPORT BEACH
008 D021105 CA
008 D031105 92660
024 001100 Y
025 A001101 MORGAN STANLEY GROUP, INC.
025 B001101 132655998
025 C001101 D
025 D001101 2159
025 A001102 LEHMAN BROTHERS, INC.
025 B001102 132518466
025 C001102 D
025 D001102 3931
025 A001103 SALOMON, INC.
025 B001103 133082694
025 C001103 D
025 D001103 975
025 A001104 ASSOC. CORP. OF NORTH AMERICA
025 B001104 131917220
<PAGE> PAGE 70
025 C001104 D
025 D001104 839
025 A001105 MERRILL LYNCH & CO., INC.
025 B001105 135674085
025 C001105 D
025 D001105 1646
025 A001106 GOLDMAN SACHS GROUP, L.P.
025 B001106 135108880
025 C001106 D
025 D001106 1144
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<PAGE> PAGE 71
040 001100 N
042 A001100 0
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050 001100 N
051 001100 N
052 001100 N
053 A001100 N
054 A001100 N
054 B001100 N
054 C001100 N
054 D001100 N
054 E001100 N
054 F001100 N
054 G001100 N
054 H001100 N
054 I001100 N
<PAGE> PAGE 72
054 J001100 N
054 K001100 N
054 L001100 N
054 M001100 N
054 N001100 N
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070 A021100 N
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<PAGE> PAGE 73
070 J011100 Y
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<PAGE> PAGE 74
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008 A001201 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
008 B001201 A
008 C001201 801-17141
008 D011201 TACOMA
008 D021201 WA
008 D031201 98402
008 A001202 DELETE
008 A001203 BLACKROCK FINANCIAL MANAGEMENT
008 B001203 S
008 C001203 801-32183
<PAGE> PAGE 75
008 D011203 NEW YORK
008 D021203 NY
008 D031203 10154
008 A001204 STANDISH, AYER & WOOD, INC.
008 B001204 S
008 C001204 801-584
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008 D031204 02111
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008 D051205 BERMUDA
008 D061205 HMKX
024 001200 Y
025 A001201 DELETE
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025 A001202 MERRILL LYNCH & CO., INC.
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025 C001202 D
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025 A001203 SALOMON, INC.
025 B001203 133082694
025 C001203 D
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<PAGE> PAGE 76
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039 001200 N
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<PAGE> PAGE 77
048 I011200 0
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050 001200 N
051 001200 N
052 001200 N
053 A001200 N
054 A001200 N
054 B001200 N
054 C001200 N
054 D001200 N
054 E001200 N
054 F001200 N
054 G001200 N
054 H001200 N
054 I001200 N
054 J001200 N
054 K001200 N
054 L001200 N
054 M001200 N
054 N001200 N
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064 A001200 Y
064 B001200 N
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068 A001200 N
<PAGE> PAGE 78
068 B001200 N
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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
070 L011200 Y
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070 Q021200 N
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070 R021200 N
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<PAGE> PAGE 79
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<PAGE> PAGE 80
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008 A001301 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
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<PAGE> PAGE 81
025 A001302 BARCLAYS DE ZOETE WEDD, INC.
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<PAGE> PAGE 82
042 E001300 0
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048 K011300 0
048 K021300 0.000
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050 001300 N
051 001300 N
052 001300 N
053 A001300 N
054 A001300 N
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054 D001300 N
054 E001300 N
054 F001300 N
054 G001300 N
054 H001300 N
054 I001300 N
054 J001300 N
054 K001300 N
054 L001300 N
054 M001300 N
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<PAGE> PAGE 83
054 O001300 N
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066 D001300 N
066 E001300 N
066 F001300 N
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070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
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<PAGE> PAGE 84
070 K021300 Y
070 L011300 Y
070 L021300 Y
070 M011300 Y
070 M021300 Y
070 N011300 Y
070 N021300 Y
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070 P021300 N
070 Q011300 Y
070 Q021300 N
070 R011300 Y
070 R021300 N
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<PAGE> PAGE 85
072EE001300 22779
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<PAGE> PAGE 86
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<PAGE> PAGE 87
042 H001400 0
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048 K021400 0.000
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054 D001400 N
054 E001400 N
054 F001400 N
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054 H001400 N
054 I001400 N
054 J001400 N
054 K001400 N
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<PAGE> PAGE 88
062 C001400 0.0
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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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054 F001500 N
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054 H001500 N
054 I001500 N
054 J001500 N
054 K001500 N
054 L001500 N
054 M001500 N
054 N001500 N
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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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008 A001601 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
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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
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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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<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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<PAGE> PAGE 116
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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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<PAGE> PAGE 122
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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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<PAGE> PAGE 128
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<PAGE> PAGE 129
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<PAGE> PAGE 130
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<PAGE> PAGE 131
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<PAGE> PAGE 135
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<PAGE> PAGE 136
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