<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM N-17F-2
Certificate of Accounting of Securities and Similar Investments
in the Custody of Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
OMB Approval
OMB Number: 3235-0360
Expires:
Estimated average burden hours
per response..........0.05
1. Investment Company Act File Number: Date examination completed:
811-05430 2/27/98
2. State Identification Number: See Attachment A
<TABLE>
<S> <C> <C> <C> <C> <C>
AL None AK Attach. AZ Attach. AR Attach. CA Attach. CO Attach.
CT Attach. DE None DC None FL Attach. GA Attach. HI None
ID Attach. IL Attach. IN Attach. IA Attach. KS Attach. KY Attach.
LA Attach. ME Attach. MD Attach. MA None MI Attach. MN Attach.
MS Attach. MO Attach. MT Attach. NE Attach. NV NONE NH None
NJ None NM Attach. NY Attach. NC Attach. ND Attach. OH Attach.
OK Attach. OR Attach. PA Attach. RI None SC Attach. SD Attach.
TN Attach. TX Attach. UT Attach. VT Attach. VA Attach. WA Attach.
WV Attach. WI Attach. WY Attach. PR Attach.
</TABLE>
Other (specify):
3. Exact Name of Investment Company as Specified in Registration Statement:
SSgA Funds
4. Address of principal executive office (number, street, city, state, zip
code):
909 A Street, Tacoma, WA 98402
INSTRUCTIONS
This Form must be completed by investment companies that have custody of
securities or similar investments.
INVESTMENT COMPANY
1. All items must be completed by the investment company.
2. Give this Form to the independent public accountant who, in compliance with
Rule 17f-2 under the Act and applicable state law, examines securities and
similar investments in the custody of the investment company.
ACCOUNTANT
3. Submit this Form to the Securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the
original
<PAGE>
and one copy with the Securities and Exchange Commission's principal office
in Washington, D. C., one copy with the regional office for the region in
which the investment company's principal business operations are conducted,
and one copy with the appropriate state administrator(s), if applicable.
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
<PAGE>
SSGA FUNDS
ATTACHMENT A TO FORM N-17F-2
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
- -----------------------------------------------------------------------------------------
Alabama Money Market (A,B,C) None
- -----------------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) None
- -----------------------------------------------------------------------------------------
Yield Plus None
- -----------------------------------------------------------------------------------------
S&P 500 Index None
- -----------------------------------------------------------------------------------------
Small Cap None
- -----------------------------------------------------------------------------------------
Matrix Equity None
- -----------------------------------------------------------------------------------------
US Treasury Money Market None
- -----------------------------------------------------------------------------------------
Intermediate None
- -----------------------------------------------------------------------------------------
Growth and Income None
- -----------------------------------------------------------------------------------------
Prime Money Market None
- -----------------------------------------------------------------------------------------
Emerging Markets None
- -----------------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) None
- -----------------------------------------------------------------------------------------
Active International None
- -----------------------------------------------------------------------------------------
Bond Market None
- -----------------------------------------------------------------------------------------
Life Solutions Growth None
- -----------------------------------------------------------------------------------------
Life Solutions Balanced None
- -----------------------------------------------------------------------------------------
Life Solutions Income and Growth None
- -----------------------------------------------------------------------------------------
High Yield Bond None
- -----------------------------------------------------------------------------------------
International Growth Opportunities None
- -----------------------------------------------------------------------------------------
Real Estate Equity None
- -----------------------------------------------------------------------------------------
Special None
- -----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Alaska Money Market (A,B,C) 97-02034
- -----------------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) 98-04135
- -----------------------------------------------------------------------------------------
Yield Plus 97-00842
- -----------------------------------------------------------------------------------------
S&P 500 Index 97-02035
- -----------------------------------------------------------------------------------------
Small Cap 97-02038
- -----------------------------------------------------------------------------------------
Matrix Equity 97-02037
- -----------------------------------------------------------------------------------------
US Treasury Money Market 97-02036
- -----------------------------------------------------------------------------------------
Intermediate 98-00296
- -----------------------------------------------------------------------------------------
Growth and Income 98-00295
- -----------------------------------------------------------------------------------------
Prime Money Market 98-02592
- -----------------------------------------------------------------------------------------
Emerging Markets 98-02951
- -----------------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) 97-00392
- -----------------------------------------------------------------------------------------
Active International 97-03182
- -----------------------------------------------------------------------------------------
Bond Market 98-02593
- -----------------------------------------------------------------------------------------
Life Solutions Growth 97-63232
- -----------------------------------------------------------------------------------------
Life Solutions Balanced 97-03231
- -----------------------------------------------------------------------------------------
Life Solutions Income and Growth 97-03233
- -----------------------------------------------------------------------------------------
High Yield Bond 98-03693
- -----------------------------------------------------------------------------------------
International Growth Opportunities 98-03690
- -----------------------------------------------------------------------------------------
Real Estate Equity 98-03692
- -----------------------------------------------------------------------------------------
Special 98-03691
- -----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Arizona Money Market - Class A S-0032725
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A S-0032055
- ----------------------------------------------------------------------------------------
Yield Plus S-0032727
- ----------------------------------------------------------------------------------------
S&P 500 Index S-0032841
- ----------------------------------------------------------------------------------------
Small Cap S-0032842
- ----------------------------------------------------------------------------------------
Matrix Equity S-0032843
- ----------------------------------------------------------------------------------------
US Treasury Money Market S-0032728
- ----------------------------------------------------------------------------------------
Intermediate S-0035878
- ----------------------------------------------------------------------------------------
Growth and Income S-0035877
- ----------------------------------------------------------------------------------------
Prime Money Market S-0038468
- ----------------------------------------------------------------------------------------
Emerging Markets S-0038467
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A S-0041515
- ----------------------------------------------------------------------------------------
Active International S-0044972
- ----------------------------------------------------------------------------------------
Bond Market S-0048186
- ----------------------------------------------------------------------------------------
Life Solutions Growth S-0054603-QUAL
- ----------------------------------------------------------------------------------------
Life Solutions Balanced S-0054602-QUAL
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth S-0054604-QUAL
- ----------------------------------------------------------------------------------------
High Yield Bond S-0058213
- ----------------------------------------------------------------------------------------
International Growth Opportunities S-0058214
- ----------------------------------------------------------------------------------------
Real Estate Equity S-0058215
- ----------------------------------------------------------------------------------------
Special S-0058216
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Arkansas Money Market (A,B,C) 93-M0042-01
- -----------------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) 93-M0042-02
- -----------------------------------------------------------------------------------------
Yield Plus 93-M0042-04
- -----------------------------------------------------------------------------------------
S&P 500 Index 93-M0042-08
- -----------------------------------------------------------------------------------------
Small Cap 93-M0042-07
- -----------------------------------------------------------------------------------------
Matrix Equity 93-M0042-11
- -----------------------------------------------------------------------------------------
US Treasury Money Market 93-M0042-05
- -----------------------------------------------------------------------------------------
Intermediate 93-M0042-13
- -----------------------------------------------------------------------------------------
Growth and Income 93-M0042-12
- -----------------------------------------------------------------------------------------
Prime Money Market 93-M0042-09
- -----------------------------------------------------------------------------------------
Emerging Markets 93-M0042-14
- -----------------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) 93-M0042-10
- -----------------------------------------------------------------------------------------
Active International 93-M0042-15
- -----------------------------------------------------------------------------------------
Bond Market 93-M0042-16
- -----------------------------------------------------------------------------------------
Life Solutions Growth 97-M0485-01
- -----------------------------------------------------------------------------------------
Life Solutions Balanced 97-M0485-02
- -----------------------------------------------------------------------------------------
Life Solutions Income and Growth 97-M0485-03
- -----------------------------------------------------------------------------------------
High Yield Bond 93-M0042-20
- -----------------------------------------------------------------------------------------
International Growth Opportunities 93-M0042-23
- -----------------------------------------------------------------------------------------
Real Estate Equity 93-M0042-21
- -----------------------------------------------------------------------------------------
Special 93-M0042-22
- -----------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------
California Fund 307-8535
- -----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Colorado Fund IC92-04-732
- -----------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------
Connecticut Money Market (A,B,C) SI23492
- -----------------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) SI23496
- -----------------------------------------------------------------------------------------
Yield Plus SI20250
- -----------------------------------------------------------------------------------------
S&P 500 Index SI23493
- -----------------------------------------------------------------------------------------
Small Cap SI23494
- -----------------------------------------------------------------------------------------
Matrix Equity SI23491
- -----------------------------------------------------------------------------------------
US Treasury Money Market SI23332
- -----------------------------------------------------------------------------------------
Intermediate SI26418
- -----------------------------------------------------------------------------------------
Growth and Income SI26417
- -----------------------------------------------------------------------------------------
Prime Money Market SI28814
- -----------------------------------------------------------------------------------------
Emerging Markets SI28813
- -----------------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) SI31659
- -----------------------------------------------------------------------------------------
Active International SI33594
- -----------------------------------------------------------------------------------------
Bond Market SI37760
- -----------------------------------------------------------------------------------------
Life Solutions Growth SI43497
- -----------------------------------------------------------------------------------------
Life Solutions Balanced SI43495
- -----------------------------------------------------------------------------------------
Life Solutions Income and Growth SI43496
- -----------------------------------------------------------------------------------------
High Yield Bond SI46697
- -----------------------------------------------------------------------------------------
International Growth Opportunities SI46700
- -----------------------------------------------------------------------------------------
Real Estate Equity SI46698
- -----------------------------------------------------------------------------------------
Special SI46699
- -----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Delaware Money Market (A,B,C) None
- -----------------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) None
- -----------------------------------------------------------------------------------------
Yield Plus None
- -----------------------------------------------------------------------------------------
S&P 500 Index None
- -----------------------------------------------------------------------------------------
Small Cap None
- -----------------------------------------------------------------------------------------
Matrix Equity None
- -----------------------------------------------------------------------------------------
US Treasury Money Market None
- -----------------------------------------------------------------------------------------
Intermediate None
- -----------------------------------------------------------------------------------------
Growth and Income None
- -----------------------------------------------------------------------------------------
Prime Money Market None
- -----------------------------------------------------------------------------------------
Emerging Markets None
- -----------------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) None
- -----------------------------------------------------------------------------------------
Active International None
- -----------------------------------------------------------------------------------------
Bond Market None
- -----------------------------------------------------------------------------------------
Life Solutions Growth None
- -----------------------------------------------------------------------------------------
Life Solutions Balanced None
- -----------------------------------------------------------------------------------------
Life Solutions Income and Growth None
- -----------------------------------------------------------------------------------------
High Yield Bond None
- -----------------------------------------------------------------------------------------
International Growth Opportunities None
- -----------------------------------------------------------------------------------------
Real Estate Equity None
- -----------------------------------------------------------------------------------------
Special None
- -----------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------
District of Columbia Fund None
- -----------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------
Florida Fund 32439(8)
- -----------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------
Georgia Fund 56901420
- -----------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------
Hawaii Fund None
- -----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Idaho Money Market (A, B, C) 41645
- ----------------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) 43070
- ----------------------------------------------------------------------------------------
Yield Plus 42382
- ----------------------------------------------------------------------------------------
S&P 500 Index 43170
- ----------------------------------------------------------------------------------------
Small Cap 42065
- ----------------------------------------------------------------------------------------
Matrix Equity 43169
- ----------------------------------------------------------------------------------------
US Treasury Money Market 43072
- ----------------------------------------------------------------------------------------
Intermediate 43808
- ----------------------------------------------------------------------------------------
Growth and Income 43809
- ----------------------------------------------------------------------------------------
Prime Money Market 44407
- ----------------------------------------------------------------------------------------
Emerging Markets 44408
- ----------------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) 45101
- ----------------------------------------------------------------------------------------
Active International 45869
- ----------------------------------------------------------------------------------------
Bond Market 46553
- ----------------------------------------------------------------------------------------
Life Solutions Growth 48057
- ----------------------------------------------------------------------------------------
Life Solutions Balanced 48056
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth 48055
- ----------------------------------------------------------------------------------------
High Yield Bond 49264
- ----------------------------------------------------------------------------------------
International Growth Opportunities 49265
- ----------------------------------------------------------------------------------------
Real Estate Equity 49266
- ----------------------------------------------------------------------------------------
Special 49267
- ----------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------
Illinois Fund R9736243
- ----------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------
Indiana Fund 93-0052-IC
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Iowa Money Market - Class A I-29044
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A I-29033
- ----------------------------------------------------------------------------------------
Yield Plus I-29035
- ----------------------------------------------------------------------------------------
S&P 500 Index I-29064
- ----------------------------------------------------------------------------------------
Small Cap I-29063
- ----------------------------------------------------------------------------------------
Matrix Equity I-29026
- ----------------------------------------------------------------------------------------
US Treasury Money Market I-29036
- ----------------------------------------------------------------------------------------
Intermediate I-30192
- ----------------------------------------------------------------------------------------
Growth and Income I-30191
- ----------------------------------------------------------------------------------------
Prime Money Market I-31256
- ----------------------------------------------------------------------------------------
Emerging Markets I-31255
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A I-32665
- ----------------------------------------------------------------------------------------
Active International I-34356
- ----------------------------------------------------------------------------------------
Bond Market I-35588
- ----------------------------------------------------------------------------------------
Life Solutions Growth I-38684
- ----------------------------------------------------------------------------------------
Life Solutions Balanced I-38685
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth I-38683
- ----------------------------------------------------------------------------------------
High Yield Bond I-41327
- ----------------------------------------------------------------------------------------
International Growth Opportunities I-41325
- ----------------------------------------------------------------------------------------
Real Estate Equity I-41326
- ----------------------------------------------------------------------------------------
Special I-41324
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Kansas Money Market (A,B,C) 92S0001049
- -----------------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) 92S0001050
- -----------------------------------------------------------------------------------------
Yield Plus 93S0000570
- -----------------------------------------------------------------------------------------
S&P 500 Index 92S0000453
- -----------------------------------------------------------------------------------------
Small Cap 92S0000454
- -----------------------------------------------------------------------------------------
Matrix Equity 92S0000452
- -----------------------------------------------------------------------------------------
US Treasury Money Market 93S0001078
- -----------------------------------------------------------------------------------------
Intermediate 94S0000152
- -----------------------------------------------------------------------------------------
Growth and Income 94S0000156
- -----------------------------------------------------------------------------------------
Prime Money Market 94S0001076
- -----------------------------------------------------------------------------------------
Emerging Markets 94S0000913
- -----------------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) 95S0000233
- -----------------------------------------------------------------------------------------
Active International 95S0001220
- -----------------------------------------------------------------------------------------
Bond Market 95S0000884
- -----------------------------------------------------------------------------------------
Life Solutions Growth 97S0001373
- -----------------------------------------------------------------------------------------
Life Solutions Balanced 97S0001372
- -----------------------------------------------------------------------------------------
Life Solutions Income and Growth 97S0001374
- -----------------------------------------------------------------------------------------
High Yield Bond 98S0001257
- -----------------------------------------------------------------------------------------
International Growth Opportunities 98S0001258
- -----------------------------------------------------------------------------------------
Real Estate Equity 98S0001259
- -----------------------------------------------------------------------------------------
Special 98S0001260
- -----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Kentucky Money Market - Class A M30882
- ----------------------------------------------------------------------------------------
(Registered by US Govt. Money Market - Class A M32201
- ----------------------------------------------------------------------------------------
Prospectus) Yield Plus M30880
- ----------------------------------------------------------------------------------------
S&P 500 Index M29033
- ----------------------------------------------------------------------------------------
Small Cap M31242
- ----------------------------------------------------------------------------------------
Matrix Equity M29034
- ----------------------------------------------------------------------------------------
US Treasury Money Market M33346
- ----------------------------------------------------------------------------------------
Intermediate M29610
- ----------------------------------------------------------------------------------------
Growth and Income M29609
- ----------------------------------------------------------------------------------------
Prime Money Market M28986
- ----------------------------------------------------------------------------------------
Emerging Markets M30197
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A M30882
- ----------------------------------------------------------------------------------------
Active International M31673
- ----------------------------------------------------------------------------------------
Bond Market M32319
- ----------------------------------------------------------------------------------------
Life Solutions Growth M33904
- ----------------------------------------------------------------------------------------
Life Solutions Balanced M33904
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth M33904
- ----------------------------------------------------------------------------------------
High Yield Bond M35029
- ----------------------------------------------------------------------------------------
International Growth Opportunities M35027
- ----------------------------------------------------------------------------------------
Real Estate Equity M35030
- ----------------------------------------------------------------------------------------
Special M35028
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Louisiana Money Market - Class A 56446
- ----------------------------------------------------------------------------------------
(Registered by US Govt. Money Market - Class A 53545
- ----------------------------------------------------------------------------------------
Prospectus) Yield Plus 51876
- ----------------------------------------------------------------------------------------
S&P 500 Index 54413
- ----------------------------------------------------------------------------------------
Small Cap 53543
- ----------------------------------------------------------------------------------------
Matrix Equity 54412
- ----------------------------------------------------------------------------------------
US Treasury Money Market 53544
- ----------------------------------------------------------------------------------------
Intermediate 51770
- ----------------------------------------------------------------------------------------
Growth and Income 51773
- ----------------------------------------------------------------------------------------
Prime Money Market 54414
- ----------------------------------------------------------------------------------------
Emerging Markets 54411
- ----------------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) 52268
- ----------------------------------------------------------------------------------------
Active International 50594
- ----------------------------------------------------------------------------------------
Bond Market 48994
- ----------------------------------------------------------------------------------------
Life Solutions Growth 56445
- ----------------------------------------------------------------------------------------
Life Solutions Balanced 56445
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth 56445
- ----------------------------------------------------------------------------------------
High Yield Bond 55922
- ----------------------------------------------------------------------------------------
International Growth Opportunities 55925
- ----------------------------------------------------------------------------------------
Real Estate Equity 55923
- ----------------------------------------------------------------------------------------
Special 55924
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Maine Money Market - Class A MFR98-10703
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A MF-98-2209
- ----------------------------------------------------------------------------------------
Yield Plus MFR98-2963
- ----------------------------------------------------------------------------------------
S&P 500 Index 98-9106
- ----------------------------------------------------------------------------------------
Small Cap 98-9105
- ----------------------------------------------------------------------------------------
Matrix Equity 98-9104
- ----------------------------------------------------------------------------------------
US Treasury Money Market 97-5744
- ----------------------------------------------------------------------------------------
Intermediate 98-767
- ----------------------------------------------------------------------------------------
Growth and Income 98-768
- ----------------------------------------------------------------------------------------
Prime Money Market MF-R-98-7647
- ----------------------------------------------------------------------------------------
Emerging Markets MF-R-98-7645
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A 98-1670
- ----------------------------------------------------------------------------------------
Active International 98-8220
- ----------------------------------------------------------------------------------------
Bond Market MF-R-98-7646
- ----------------------------------------------------------------------------------------
Life Solutions Growth 97-10266
- ----------------------------------------------------------------------------------------
Life Solutions Balanced 97-10265
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth 97-10267
- ----------------------------------------------------------------------------------------
High Yield Bond MF-98-11093
- ----------------------------------------------------------------------------------------
International Growth Opportunities MF-98-11091
- ----------------------------------------------------------------------------------------
Real Estate Equity MF-98-11094
- ----------------------------------------------------------------------------------------
Special MF-98-11092
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Maryland Money Market - Class A SM913346
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A SM910864
- ----------------------------------------------------------------------------------------
Yield Plus SM921219
- ----------------------------------------------------------------------------------------
S&P 500 Index SM913736
- ----------------------------------------------------------------------------------------
Small Cap SM913737
- ----------------------------------------------------------------------------------------
Matrix Equity SM913738
- ----------------------------------------------------------------------------------------
US Treasury Money Market SM930132
- ----------------------------------------------------------------------------------------
Intermediate SM931004
- ----------------------------------------------------------------------------------------
Growth and Income SM931001
- ----------------------------------------------------------------------------------------
Prime Money Market SM940108
- ----------------------------------------------------------------------------------------
Emerging Markets SM940107
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A SM941527
- ----------------------------------------------------------------------------------------
Active International SM950683
- ----------------------------------------------------------------------------------------
Bond Market SM960196
- ----------------------------------------------------------------------------------------
Life Solutions Growth SM970819
- ----------------------------------------------------------------------------------------
Life Solutions Balanced SM970818
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth SM970820
- ----------------------------------------------------------------------------------------
High Yield Bond SM980956
- ----------------------------------------------------------------------------------------
International Growth Opportunities SM980954
- ----------------------------------------------------------------------------------------
Real Estate Equity SM980955
- ----------------------------------------------------------------------------------------
Special SM980953
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Massachusetts Money Market - Class A 95-7806
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A 95-7805
- ----------------------------------------------------------------------------------------
Yield Plus 95-7804
- ----------------------------------------------------------------------------------------
S&P 500 Index 95-7803
- ----------------------------------------------------------------------------------------
Small Cap 95-7802
- ----------------------------------------------------------------------------------------
Matrix Equity 95-7801
- ----------------------------------------------------------------------------------------
US Treasury Money Market 95-7800
- ----------------------------------------------------------------------------------------
Intermediate 95-7799
- ----------------------------------------------------------------------------------------
Growth and Income 95-7798
- ----------------------------------------------------------------------------------------
Prime Money Market 95-7797
- ----------------------------------------------------------------------------------------
Emerging Markets 95-7796
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A 95-7795
- ----------------------------------------------------------------------------------------
Active International 95-7794
- ----------------------------------------------------------------------------------------
Bond Market 95-9626-M
- ----------------------------------------------------------------------------------------
Life Solutions Growth None
- ----------------------------------------------------------------------------------------
Life Solutions Balanced None
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth None
- ----------------------------------------------------------------------------------------
High Yield Bond None
- ----------------------------------------------------------------------------------------
International Growth Opportunities None
- ----------------------------------------------------------------------------------------
Real Estate Equity None
- ----------------------------------------------------------------------------------------
Special None
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Michigan Money Market - Class A 273512
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A 271637
- ----------------------------------------------------------------------------------------
Yield Plus 270943
- ----------------------------------------------------------------------------------------
S&P 500 Index 271635
- ----------------------------------------------------------------------------------------
Small Cap 271638
- ----------------------------------------------------------------------------------------
Matrix Equity 271636
- ----------------------------------------------------------------------------------------
US Treasury Money Market 272799
- ----------------------------------------------------------------------------------------
Intermediate 270117
- ----------------------------------------------------------------------------------------
Growth and Income 270118
- ----------------------------------------------------------------------------------------
Prime Money Market 272533
- ----------------------------------------------------------------------------------------
Emerging Markets 272534
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A 270530
- ----------------------------------------------------------------------------------------
Active International 269417
- ----------------------------------------------------------------------------------------
Bond Market 272683
- ----------------------------------------------------------------------------------------
Life Solutions Growth 275627
- ----------------------------------------------------------------------------------------
Life Solutions Balanced 275628
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth 275629
- ----------------------------------------------------------------------------------------
High Yield Bond 277057
- ----------------------------------------------------------------------------------------
International Growth Opportunities 277058
- ----------------------------------------------------------------------------------------
Real Estate Equity 277056
- ----------------------------------------------------------------------------------------
Special 277059
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Minnesota Fund R-34811
- ----------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------
Mississippi Money Market - Class A MF-93-01-162
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A MF-93-01-161
- ----------------------------------------------------------------------------------------
Yield Plus MF-93-01-173
- ----------------------------------------------------------------------------------------
S&P 500 Index MF-93-02-044
- ----------------------------------------------------------------------------------------
Small Cap MF-93-02-045
- ----------------------------------------------------------------------------------------
Matrix Equity MF-93-02-043
- ----------------------------------------------------------------------------------------
US Treasury Money Market MF-93-01-159
- ----------------------------------------------------------------------------------------
Intermediate MF-93-08-055
- ----------------------------------------------------------------------------------------
Growth and Income MF-93-08-054
- ----------------------------------------------------------------------------------------
Prime Money Market MF-94-01-180
- ----------------------------------------------------------------------------------------
Emerging Markets MF-94-01-179
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A MF-94-08-198
- ----------------------------------------------------------------------------------------
Active International MF-95-06-021
- ----------------------------------------------------------------------------------------
Bond Market MF-96-01-179
- ----------------------------------------------------------------------------------------
Life Solutions Growth MF-97-05-219
- ----------------------------------------------------------------------------------------
Life Solutions Balanced MF-97-05-220
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth MF97-05-221
- ----------------------------------------------------------------------------------------
High Yield Bond MF98-04-177
- ----------------------------------------------------------------------------------------
International Growth Opportunities MF98-04-176
- ----------------------------------------------------------------------------------------
Real Estate Equity MF98-04-172
- ----------------------------------------------------------------------------------------
Special MF98-04-175
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Missouri Money Market (A,B,C) 93-00093
- -----------------------------------------------------------------------------------------
US Govt. Money Market (A,B,C)
- -----------------------------------------------------------------------------------------
Yield Plus
- -----------------------------------------------------------------------------------------
S&P 500 Index
- -----------------------------------------------------------------------------------------
Small Cap
- -----------------------------------------------------------------------------------------
Matrix Equity
- -----------------------------------------------------------------------------------------
US Treasury Money Market
- -----------------------------------------------------------------------------------------
Intermediate
- -----------------------------------------------------------------------------------------
Growth & Income
- -----------------------------------------------------------------------------------------
Prime Money Market
- -----------------------------------------------------------------------------------------
Emerging Markets
- -----------------------------------------------------------------------------------------
Tax Free Money Market (A,B,C)
- -----------------------------------------------------------------------------------------
Active International
- -----------------------------------------------------------------------------------------
Bond Market
- -----------------------------------------------------------------------------------------
Life Solutions Growth
- -----------------------------------------------------------------------------------------
Life Solutions Balanced
- -----------------------------------------------------------------------------------------
Life Solutions Income and Growth
- -----------------------------------------------------------------------------------------
High Yield Bond
- -----------------------------------------------------------------------------------------
International Growth Opportunities
- -----------------------------------------------------------------------------------------
Real Estate Equity
- -----------------------------------------------------------------------------------------
Special
- -----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Montana Money Market Class A 029570
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A 029574
- ----------------------------------------------------------------------------------------
Yield Plus 029577
- ----------------------------------------------------------------------------------------
S&P 500 Index 029571
- ----------------------------------------------------------------------------------------
Small Cap 029572
- ----------------------------------------------------------------------------------------
Matrix Equity 029569
- ----------------------------------------------------------------------------------------
US Treasury Money Market 029575
- ----------------------------------------------------------------------------------------
Intermediate 029568
- ----------------------------------------------------------------------------------------
Growth & Income 027942
- ----------------------------------------------------------------------------------------
Prime Money Market 029765
- ----------------------------------------------------------------------------------------
Emerging Markets 029764
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A 32056
- ----------------------------------------------------------------------------------------
Active International 33390
- ----------------------------------------------------------------------------------------
Bond Market 38759
- ----------------------------------------------------------------------------------------
Life Solutions Growth 37049
- ----------------------------------------------------------------------------------------
Life Solutions Balanced 37048
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth 37050
- ----------------------------------------------------------------------------------------
High Yield Bond 39094
- ----------------------------------------------------------------------------------------
International Growth Opportunities 39028
- ----------------------------------------------------------------------------------------
Real Estate Equity 39029
- ----------------------------------------------------------------------------------------
Special 39030
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Nebraska Money Market - Class A 25409
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A 25410
- ----------------------------------------------------------------------------------------
Yield Plus 25412
- ----------------------------------------------------------------------------------------
S&P 500 Index 12869
- ----------------------------------------------------------------------------------------
Small Cap 25413
- ----------------------------------------------------------------------------------------
Matrix Equity 25414
- ----------------------------------------------------------------------------------------
US Treasury Money Market 25411
- ----------------------------------------------------------------------------------------
Intermediate 18134
- ----------------------------------------------------------------------------------------
Growth & Income 18133
- ----------------------------------------------------------------------------------------
Prime Money Market 24514
- ----------------------------------------------------------------------------------------
Emerging Markets 24513
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A 18165
- ----------------------------------------------------------------------------------------
Active International 15609
- ----------------------------------------------------------------------------------------
Bond Market 24570
- ----------------------------------------------------------------------------------------
Life Solutions Growth 014466
- ----------------------------------------------------------------------------------------
Life Solutions Balanced 014465
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth 014467
- ----------------------------------------------------------------------------------------
High Yield Bond 25271
- ----------------------------------------------------------------------------------------
International Growth Opportunities 25272
- ----------------------------------------------------------------------------------------
Real Estate Equity 25273
- ----------------------------------------------------------------------------------------
Special 25274
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Nevada Money Market (A,B,C) None
- -----------------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) None
- -----------------------------------------------------------------------------------------
Yield Plus None
- -----------------------------------------------------------------------------------------
S&P 500 Index None
- -----------------------------------------------------------------------------------------
Small Cap None
- -----------------------------------------------------------------------------------------
Matrix Equity None
- -----------------------------------------------------------------------------------------
US Treasury Money Market None
- -----------------------------------------------------------------------------------------
Intermediate None
- -----------------------------------------------------------------------------------------
Growth and Income None
- -----------------------------------------------------------------------------------------
Prime Money Market None
- -----------------------------------------------------------------------------------------
Emerging Markets None
- -----------------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) None
- -----------------------------------------------------------------------------------------
Active International None
- -----------------------------------------------------------------------------------------
Bond Market None
- -----------------------------------------------------------------------------------------
Life Solutions Growth None
- -----------------------------------------------------------------------------------------
Life Solutions Balanced None
- -----------------------------------------------------------------------------------------
Life Solutions Income and Growth None
- -----------------------------------------------------------------------------------------
High Yield Bond None
- -----------------------------------------------------------------------------------------
International Growth Opportunities None
- -----------------------------------------------------------------------------------------
Real Estate Equity None
- -----------------------------------------------------------------------------------------
Special None
- -----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
New Hampshire Money Market - Class A None
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A None
- ----------------------------------------------------------------------------------------
Yield Plus None
- ----------------------------------------------------------------------------------------
S&P 500 Index None
- ----------------------------------------------------------------------------------------
Small Cap None
- ----------------------------------------------------------------------------------------
Matrix Equity None
- ----------------------------------------------------------------------------------------
US Treasury Money Market None
- ----------------------------------------------------------------------------------------
Intermediate None
- ----------------------------------------------------------------------------------------
Growth and Income None
- ----------------------------------------------------------------------------------------
Prime Money Market None
- ----------------------------------------------------------------------------------------
Emerging Markets None
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A None
- ----------------------------------------------------------------------------------------
Active International None
- ----------------------------------------------------------------------------------------
Bond Market None
- ----------------------------------------------------------------------------------------
Life Solutions Growth None
- ----------------------------------------------------------------------------------------
Life Solutions Balanced None
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth None
- ----------------------------------------------------------------------------------------
High Yield Bond None
- ----------------------------------------------------------------------------------------
International Growth Opportunities None
- ----------------------------------------------------------------------------------------
Real Estate Equity None
- ----------------------------------------------------------------------------------------
Special None
- ----------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------
New Jersey Fund None
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
New Mexico Money Market - Class A 979744
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A 979750
- ----------------------------------------------------------------------------------------
Yield Plus 979752
- ----------------------------------------------------------------------------------------
S&P 500 Index 979747
- ----------------------------------------------------------------------------------------
Small Cap 979748
- ----------------------------------------------------------------------------------------
Matrix Equity 979745
- ----------------------------------------------------------------------------------------
US Treasury Money Market 979751
- ----------------------------------------------------------------------------------------
Intermediate 979743
- ----------------------------------------------------------------------------------------
Growth and Income 979742
- ----------------------------------------------------------------------------------------
Prime Money Market 979746
- ----------------------------------------------------------------------------------------
Emerging Markets 979741
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A 979749
- ----------------------------------------------------------------------------------------
Active International 979739
- ----------------------------------------------------------------------------------------
Bond Market 979740
- ----------------------------------------------------------------------------------------
Life Solutions Growth 974852
- ----------------------------------------------------------------------------------------
Life Solutions Balanced 974853
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth 974851
- ----------------------------------------------------------------------------------------
High Yield Bond
- ----------------------------------------------------------------------------------------
International Growth Opportunities
- ----------------------------------------------------------------------------------------
Real Estate Equity
- ----------------------------------------------------------------------------------------
Special
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
New York Money Market (A,B,C) 24-43-64
- -----------------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) S25-66-08
- -----------------------------------------------------------------------------------------
Yield Plus S26-15-69
- -----------------------------------------------------------------------------------------
S&P 500 Index S25-92-17
- -----------------------------------------------------------------------------------------
Small Cap S25-92-16
- -----------------------------------------------------------------------------------------
Matrix Equity S25-92-15
- -----------------------------------------------------------------------------------------
US Treasury Money Market S26-27-11
- -----------------------------------------------------------------------------------------
Intermediate S26-46-64
- -----------------------------------------------------------------------------------------
Growth and Income S26-46-65
- -----------------------------------------------------------------------------------------
Prime Money Market S26-64-40
- -----------------------------------------------------------------------------------------
Emerging Markets S26-64-41
- -----------------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) S26-86-90
- -----------------------------------------------------------------------------------------
Active International S25-92-14
- -----------------------------------------------------------------------------------------
Bond Market S27-39-43
- -----------------------------------------------------------------------------------------
Life Solutions Growth S27-96-58
- -----------------------------------------------------------------------------------------
Life Solutions Balanced S27-96-57
- -----------------------------------------------------------------------------------------
Life Solutions Income and Growth S27-96-56
- -----------------------------------------------------------------------------------------
High Yield Bond
- -----------------------------------------------------------------------------------------
International Growth Opportunities
- -----------------------------------------------------------------------------------------
Real Estate Equity
- -----------------------------------------------------------------------------------------
Special
- -----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
North Carolina Fund 1499
- ----------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------
North Dakota Money Market - Class A I165
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A I167
- ----------------------------------------------------------------------------------------
Yield Plus I170
- ----------------------------------------------------------------------------------------
S&P 500 Index I291
- ----------------------------------------------------------------------------------------
Small Cap I292
- ----------------------------------------------------------------------------------------
Matrix Equity I290
- ----------------------------------------------------------------------------------------
US Treasury Money Market I168
- ----------------------------------------------------------------------------------------
Intermediate J148
- ----------------------------------------------------------------------------------------
Growth and Income J147
- ----------------------------------------------------------------------------------------
Prime Money Market K037
- ----------------------------------------------------------------------------------------
Emerging Markets K036
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A L228
- ----------------------------------------------------------------------------------------
Active International M686
- ----------------------------------------------------------------------------------------
Bond Market N952
- ----------------------------------------------------------------------------------------
Life Solutions Growth S913
- ----------------------------------------------------------------------------------------
Life Solutions Balanced S912
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth S914
- ----------------------------------------------------------------------------------------
High Yield Bond V449
- ----------------------------------------------------------------------------------------
International Growth Opportunities V450
- ----------------------------------------------------------------------------------------
Real Estate Equity V451
- ----------------------------------------------------------------------------------------
Special V452
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Ohio Money Market - Class A 12593
- ----------------------------------------------------------------------------------------
(Registered by US Govt. Money Market - Class A 12622
- ----------------------------------------------------------------------------------------
Prospectus) Yield Plus 11882
- ----------------------------------------------------------------------------------------
S&P 500 Index 12592
- ----------------------------------------------------------------------------------------
Small Cap 13130
- ----------------------------------------------------------------------------------------
Matrix Equity 12591
- ----------------------------------------------------------------------------------------
US Treasury Money Market 99345
- ----------------------------------------------------------------------------------------
Intermediate 11883
- ----------------------------------------------------------------------------------------
Growth and Income 11884
- ----------------------------------------------------------------------------------------
Prime Money Market 99344
- ----------------------------------------------------------------------------------------
Emerging Markets 99343
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A 11881
- ----------------------------------------------------------------------------------------
Active International 99342
- ----------------------------------------------------------------------------------------
Bond Market 13386
- ----------------------------------------------------------------------------------------
Life Solutions Growth 99779
- ----------------------------------------------------------------------------------------
Life Solutions Balanced 99779
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth 99779
- ----------------------------------------------------------------------------------------
High Yield Bond
- ----------------------------------------------------------------------------------------
International Growth Opportunities
- ----------------------------------------------------------------------------------------
Real Estate Equity
- ----------------------------------------------------------------------------------------
Special 13747
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Oklahoma Money Market - Class A I-355597
- ----------------------------------------------------------------------------------------
(Registered by US Govt. Money Market - Class A I-463996
- ----------------------------------------------------------------------------------------
Prospectus) Yield Plus I-365197
- ----------------------------------------------------------------------------------------
S&P 500 Index I-169297
- ----------------------------------------------------------------------------------------
Small Cap I-464096
- ----------------------------------------------------------------------------------------
Matrix Equity I-169397
- ----------------------------------------------------------------------------------------
US Treasury Money Market I-480596
- ----------------------------------------------------------------------------------------
Intermediate I-350597
- ----------------------------------------------------------------------------------------
Growth and Income I-350697
- ----------------------------------------------------------------------------------------
Prime Money Market I-105797
- ----------------------------------------------------------------------------------------
Emerging Markets I-138197
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A I-397097
- ----------------------------------------------------------------------------------------
Active International I-276097
- ----------------------------------------------------------------------------------------
Bond Market I-138297
- ----------------------------------------------------------------------------------------
Life Solutions Growth I-166598
- ----------------------------------------------------------------------------------------
Life Solutions Balanced I-166598
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth I-166598
- ----------------------------------------------------------------------------------------
High Yield Bond I-152898
- ----------------------------------------------------------------------------------------
International Growth Opportunities I-152798
- ----------------------------------------------------------------------------------------
Real Estate Equity I-152998
- ----------------------------------------------------------------------------------------
Special I-153098
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Oregon Money Market - Class A 94-0764
- ----------------------------------------------------------------------------------------
(Registered by US Govt. Money Market - Class A 95-1214
- ----------------------------------------------------------------------------------------
Prospectus) Yield Plus 94-0936
- ----------------------------------------------------------------------------------------
S&P 500 Index 93-0203
- ----------------------------------------------------------------------------------------
Small Cap 95-0019
- ----------------------------------------------------------------------------------------
Matrix Equity 93-0204
- ----------------------------------------------------------------------------------------
US Treasury Money Market 96-1289
- ----------------------------------------------------------------------------------------
Intermediate 93-0852
- ----------------------------------------------------------------------------------------
Growth and Income 93-0851
- ----------------------------------------------------------------------------------------
Prime Money Market 94-0307
- ----------------------------------------------------------------------------------------
Emerging Markets 94-0221
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A 94-1013
- ----------------------------------------------------------------------------------------
Active International 95-0522
- ----------------------------------------------------------------------------------------
Bond Market 96-0095
- ----------------------------------------------------------------------------------------
Life Solutions Growth 97-0571
- ----------------------------------------------------------------------------------------
Life Solutions Balanced 97-0571
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth 97-0571
- ----------------------------------------------------------------------------------------
High Yield Bond 98-0507
- ----------------------------------------------------------------------------------------
International Growth Opportunities 98-0509
- ----------------------------------------------------------------------------------------
Real Estate Equity 98-0508
- ----------------------------------------------------------------------------------------
Special 98-0510
- ----------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------
Pennsylvania Fund 88-01-021MF
- ----------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------
Puerto Rico Small Cap S-17906
- ----------------------------------------------------------------------------------------
S&P 500 S-18094
- ----------------------------------------------------------------------------------------
Emerging Markets S-18289
- ----------------------------------------------------------------------------------------
Money Market - Class A
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Rhode Island Money Market (A,B,C) None
- -----------------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) None
- -----------------------------------------------------------------------------------------
Yield Plus None
- -----------------------------------------------------------------------------------------
S&P 500 Index None
- -----------------------------------------------------------------------------------------
Small Cap None
- -----------------------------------------------------------------------------------------
Matrix Equity None
- -----------------------------------------------------------------------------------------
US Treasury Money Market None
- -----------------------------------------------------------------------------------------
Intermediate None
- -----------------------------------------------------------------------------------------
Growth and Income None
- -----------------------------------------------------------------------------------------
Prime Money Market None
- -----------------------------------------------------------------------------------------
Emerging Markets None
- -----------------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) None
- -----------------------------------------------------------------------------------------
Active International None
- -----------------------------------------------------------------------------------------
Bond Market None
- -----------------------------------------------------------------------------------------
Life Solutions Growth None
- -----------------------------------------------------------------------------------------
Life Solutions Balanced None
- -----------------------------------------------------------------------------------------
Life Solutions Income and Growth None
- -----------------------------------------------------------------------------------------
High Yield Bond None
- -----------------------------------------------------------------------------------------
International Growth Opportunities None
- -----------------------------------------------------------------------------------------
Real Estate Equity None
- -----------------------------------------------------------------------------------------
Special None
- -----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
South Carolina Money Market (A,B,C) MF7203
- -----------------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) MF7202
- -----------------------------------------------------------------------------------------
Yield Plus MF7200
- -----------------------------------------------------------------------------------------
S&P 500 Index MF7281
- -----------------------------------------------------------------------------------------
Small Cap MF7282
- -----------------------------------------------------------------------------------------
Matrix Equity MF7280
- -----------------------------------------------------------------------------------------
US Treasury Money Market MF7269
- -----------------------------------------------------------------------------------------
Intermediate MF7697
- -----------------------------------------------------------------------------------------
Growth and Income MF7696
- -----------------------------------------------------------------------------------------
Prime Money Market MF8212
- -----------------------------------------------------------------------------------------
Emerging Markets MF8211
- -----------------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) MF8724
- -----------------------------------------------------------------------------------------
Active International MF9257
- -----------------------------------------------------------------------------------------
Bond Market MF9694
- -----------------------------------------------------------------------------------------
Life Solutions Growth MF10746
- -----------------------------------------------------------------------------------------
Life Solutions Balanced MF10748
- -----------------------------------------------------------------------------------------
Life Solutions Income and Growth MF10747
- -----------------------------------------------------------------------------------------
High Yield Bond MF11481
- -----------------------------------------------------------------------------------------
International Growth Opportunities MF11483
- -----------------------------------------------------------------------------------------
Real Estate Equity MF11482
- -----------------------------------------------------------------------------------------
Special MF11484
- -----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
South Dakota Money Market - Class A 3135
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A 3133
- ----------------------------------------------------------------------------------------
Yield Plus 3138
- ----------------------------------------------------------------------------------------
S&P 500 Index 3162
- ----------------------------------------------------------------------------------------
Small Cap 3161
- ----------------------------------------------------------------------------------------
Matrix Equity 3160
- ----------------------------------------------------------------------------------------
US Treasury Money Market 3136
- ----------------------------------------------------------------------------------------
Intermediate 3650
- ----------------------------------------------------------------------------------------
Growth and Income 3651
- ----------------------------------------------------------------------------------------
Prime Money Market 4245
- ----------------------------------------------------------------------------------------
Emerging Markets 4246
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A 5037
- ----------------------------------------------------------------------------------------
Active International 6151
- ----------------------------------------------------------------------------------------
Bond Market 7112
- ----------------------------------------------------------------------------------------
Life Solutions Growth 9224
- ----------------------------------------------------------------------------------------
Life Solutions Balanced 9225
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth 9223
- ----------------------------------------------------------------------------------------
High Yield Bond 15499
- ----------------------------------------------------------------------------------------
International Growth Opportunities 15496
- ----------------------------------------------------------------------------------------
Real Estate Equity 15498
- ----------------------------------------------------------------------------------------
Special 15497
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Tennessee Money Market - Class A RM98-0943
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A
- ----------------------------------------------------------------------------------------
Yield Plus
- ----------------------------------------------------------------------------------------
S&P 500 Index
- ----------------------------------------------------------------------------------------
Small Cap
- ----------------------------------------------------------------------------------------
Matrix Equity
- ----------------------------------------------------------------------------------------
US Treasury Money Market
- ----------------------------------------------------------------------------------------
Intermediate
- ----------------------------------------------------------------------------------------
Growth and Income
- ----------------------------------------------------------------------------------------
Prime Money Market
- ----------------------------------------------------------------------------------------
Emerging Markets
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A
- ----------------------------------------------------------------------------------------
Active International
- ----------------------------------------------------------------------------------------
Bond Market
- ----------------------------------------------------------------------------------------
Life Solutions Growth
- ----------------------------------------------------------------------------------------
Life Solutions Balanced
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth
- ----------------------------------------------------------------------------------------
High Yield Bond M98-2856
- ----------------------------------------------------------------------------------------
International Growth Opportunities M98-2856
- ----------------------------------------------------------------------------------------
Real Estate Equity M98-2856
- ----------------------------------------------------------------------------------------
Special M98-2856
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Texas Money Market - Class A C-42002
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A C-42004
- ----------------------------------------------------------------------------------------
Yield Plus C-42007
- ----------------------------------------------------------------------------------------
S&P 500 Index C-42082
- ----------------------------------------------------------------------------------------
Small Cap C-42083
- ----------------------------------------------------------------------------------------
Matrix Equity C-42081
- ----------------------------------------------------------------------------------------
US Treasury Money Market C-42005
- ----------------------------------------------------------------------------------------
Intermediate C-43231
- ----------------------------------------------------------------------------------------
Growth and Income C-43230
- ----------------------------------------------------------------------------------------
Prime Money Market C-44423
- ----------------------------------------------------------------------------------------
Emerging Markets C-44422
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A C-46065
- ----------------------------------------------------------------------------------------
Active International C-47910
- ----------------------------------------------------------------------------------------
Bond Market C-49466
- ----------------------------------------------------------------------------------------
Life Solutions Growth C-53028
- ----------------------------------------------------------------------------------------
Life Solutions Balanced C-53027
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth C-53029
- ----------------------------------------------------------------------------------------
High Yield Bond C-55902
- ----------------------------------------------------------------------------------------
International Growth Opportunities C-55903
- ----------------------------------------------------------------------------------------
Real Estate Equity C-55904
- ----------------------------------------------------------------------------------------
Special C-55905
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Utah Money Market - Class A B00030550
- ----------------------------------------------------------------------------------------
(Registered by US Govt. Money Market - Class A B00007059
- ----------------------------------------------------------------------------------------
Prospectus) Yield Plus B00008814
- ----------------------------------------------------------------------------------------
S&P 500 Index B00033748
- ----------------------------------------------------------------------------------------
Small Cap B00033735
- ----------------------------------------------------------------------------------------
Matrix Equity A60660-43
- ----------------------------------------------------------------------------------------
US Treasury Money Market A57674-43
- ----------------------------------------------------------------------------------------
Intermediate B00008827
- ----------------------------------------------------------------------------------------
Growth and Income B00008801
- ----------------------------------------------------------------------------------------
Prime Money Market B00033800
- ----------------------------------------------------------------------------------------
Emerging Markets A58736-43
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A B00014755
- ----------------------------------------------------------------------------------------
Active International A61198-43
- ----------------------------------------------------------------------------------------
Bond Market A57672-43
- ----------------------------------------------------------------------------------------
Life Solutions Growth B00061828
- ----------------------------------------------------------------------------------------
Life Solutions Balanced B00061828
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth B00061828
- ----------------------------------------------------------------------------------------
High Yield Bond B00058656
- ----------------------------------------------------------------------------------------
International Growth Opportunities B00058695
- ----------------------------------------------------------------------------------------
Real Estate Equity B00058669
- ----------------------------------------------------------------------------------------
Special B00058682
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Vermont Money Market - Class A 5/01/92-02
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A 1/26/93-08
- ----------------------------------------------------------------------------------------
Yield Plus 9/29/92-02
- ----------------------------------------------------------------------------------------
S&P 500 Index 2/09/93-04
- ----------------------------------------------------------------------------------------
Small Cap 2/09/93-05
- ----------------------------------------------------------------------------------------
Matrix Equity 2/09/93-06
- ----------------------------------------------------------------------------------------
US Treasury Money Market 1/26/93-10
- ----------------------------------------------------------------------------------------
Intermediate 8/11/93-14
- ----------------------------------------------------------------------------------------
Growth and Income 8/11/93-15
- ----------------------------------------------------------------------------------------
Prime Money Market 1/24/94-02
- ----------------------------------------------------------------------------------------
Emerging Markets 1/24/94-01
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A 8/31/94-09
- ----------------------------------------------------------------------------------------
Active International 4/14/95-19
- ----------------------------------------------------------------------------------------
Bond Market 1/31/96-05
- ----------------------------------------------------------------------------------------
Life Solutions Growth 6/06/97-12
- ----------------------------------------------------------------------------------------
Life Solutions Balanced 6/06/97-11
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth 6/06/97-13
- ----------------------------------------------------------------------------------------
High Yield Bond 4/21/98-54
- ----------------------------------------------------------------------------------------
International Growth Opportunities 4/21/98-53
- ----------------------------------------------------------------------------------------
Real Estate Equity 4/21/98-51
- ----------------------------------------------------------------------------------------
Special 4/21/98-52
- ----------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------
Virginia Fund 1358
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Washington Money Market - Class A C-34574
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A C-35744
- ----------------------------------------------------------------------------------------
Yield Plus C-35107
- ----------------------------------------------------------------------------------------
S&P 500 Index C-35821
- ----------------------------------------------------------------------------------------
Small Cap C-35822
- ----------------------------------------------------------------------------------------
Matrix Equity C-34573
- ----------------------------------------------------------------------------------------
US Treasury Money Market C-35746
- ----------------------------------------------------------------------------------------
Intermediate C-36892
- ----------------------------------------------------------------------------------------
Growth and Income C-36893
- ----------------------------------------------------------------------------------------
Prime Money Market C-37875
- ----------------------------------------------------------------------------------------
Emerging Markets C-37876
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A C-39498
- ----------------------------------------------------------------------------------------
Active International C-51417
- ----------------------------------------------------------------------------------------
Bond Market C-52770
- ----------------------------------------------------------------------------------------
Life Solutions Growth C-56114
- ----------------------------------------------------------------------------------------
Life Solutions Balanced C-56120
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth C-56119
- ----------------------------------------------------------------------------------------
High Yield Bond C-58802
- ----------------------------------------------------------------------------------------
International Growth Opportunities C-58803
- ----------------------------------------------------------------------------------------
Real Estate Equity C-58800
- ----------------------------------------------------------------------------------------
Special C-58801
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
West Virginia Fund (A,B,C) BC30515
(except as noted below)
- -----------------------------------------------------------------------------------------
Intermediate BC30517
- -----------------------------------------------------------------------------------------
Growth and Income BC30516
- -----------------------------------------------------------------------------------------
Prime Money Market BC30518
- -----------------------------------------------------------------------------------------
Emerging Markets BC30514
- -----------------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) BC30519
- -----------------------------------------------------------------------------------------
Life Solutions Growth MF22391
- -----------------------------------------------------------------------------------------
Life Solutions Balanced MF22390
- -----------------------------------------------------------------------------------------
Life Solutions Income and Growth MF22380
- -----------------------------------------------------------------------------------------
High Yield Bond MF-31739
- -----------------------------------------------------------------------------------------
International Growth Opportunities MF-31779
- -----------------------------------------------------------------------------------------
Real Estate Equity MF-31781
- -----------------------------------------------------------------------------------------
Special MF-31780
- -----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
STATE FUND/PORTFOLIO FILE NO.
- ----- -------------- --------
<S> <C> <C>
Wisconsin Money Market - Class A 272542-03
- ----------------------------------------------------------------------------------------
US Govt. Money Market - Class A 272543-03
- ----------------------------------------------------------------------------------------
Yield Plus 272545-03
- ----------------------------------------------------------------------------------------
S&P 500 Index 273218-03
- ----------------------------------------------------------------------------------------
Small Cap 273217-03
- ----------------------------------------------------------------------------------------
Matrix Equity 273219-03
- ----------------------------------------------------------------------------------------
US Treasury Money Market 272546-03
- ----------------------------------------------------------------------------------------
Intermediate 278542-03
- ----------------------------------------------------------------------------------------
Growth and Income 278543-03
- ----------------------------------------------------------------------------------------
Prime Money Market 283893-03
- ----------------------------------------------------------------------------------------
Emerging Markets 283892-03
- ----------------------------------------------------------------------------------------
Tax Free Money Market - Class A 291513-03
- ----------------------------------------------------------------------------------------
Active International 302790-03
- ----------------------------------------------------------------------------------------
Bond Market 311189-03
- ----------------------------------------------------------------------------------------
Life Solutions Growth 332642-03
- ----------------------------------------------------------------------------------------
Life Solutions Balanced 332641-03
- ----------------------------------------------------------------------------------------
Life Solutions Income and Growth 332640-03
- ----------------------------------------------------------------------------------------
High Yield Bond 348154-03
- ----------------------------------------------------------------------------------------
International Growth Opportunities 348155-03
- ----------------------------------------------------------------------------------------
Real Estate Equity 348153-03
- ----------------------------------------------------------------------------------------
Special 348152-03
- ----------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------
Wyoming Fund 17712
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
INDEPENDENT ACCOUNTANTS REPORT
------------------------------
To the Board of Trustees of SSgA Funds:
We have examined management's assertion about SSaA Funds (comprised of Money
Market Fund, U.S. Government Money Market Fund, Matrix Equity Fund, S&P 500
Index Fund, Small Cap Fund, Yield Plus Fund, Bond Market Fund, Emerging Markets
Fund, US Treasury Money Market Fund, Growth and Income Fund, Intermediate Fund,
Prime Money Market Fund, Tax Free Money Market Fund, Active International Fund,
Life Solutions Balanced Fund, Life Solutions Income and Growth Fund, and Life
Solutions Income Fund) (the "Funds") compliance with the requirements of
subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940
("the Act") as of February 27, 1998, included in the accompanying Management
Statement Regarding Compliance With Certain Provisions of the Investment Company
Act of 1940. Management is responsible for the Funds' compliance with those
requirements. Our responsibility is to express an opinion on management's
assertion about the Funds' compliance based on our examination.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Funds' compliance with those
requirements and performing such other procedures as we considered necessary in
the circumstances. Our examination was made without prior notice to the Funds.
Included among our procedures were the following tests performed as of February
27, 1998, and with respect to the test of selected security purchases and sales,
for the period from August 29, 1997 (date of out last examination) through
February 27, 1998:
. Confirmation of all securities held by institutions in book entry form by
the Federal Reserve Bank of Boston, The Depository Trust Company, The
Participants Trust Company, Boston Financial Data Services, Inc., CREST
(London) and The First National Bank of Chicago;
. Confirmation or inspection of documentation of all securities purchased
but not received, hypothecated, pledged, placed in escrow, or out for
transfer with brokers, pledgees and/or transfer agents;
. Confirmation or inspection of documentation of foreign securities held by
unaffiliated foreign subcustodians;
. Reconciliation of all such securities to the books and records of the
Funds and the Custodian (State Street Bank and Trust Company {Boston} and
State Street Bank & Trust Company {London});
. Confirmation of all repurchase agreements with brokers/banks and agreement
of underlying collateral with State Street Bank and Trust Company records;
and
. Test of selected security purchases and security sales or maturities since
our last examination from the books and records of the Funds to broker
confirmations.
<PAGE>
2
We believe that our examination provides a reasonable basis for our opinion.
Our examination does not provide a legal determination on the Funds' compliance
with specified requirements.
In our opinion, management's assertion that the Funds enumerated above were in
compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the
Investment Company Act of 1940 as of February 27, 1998, with respect to
securities reflected in the investment accounts of the Funds is fairly stated,
in all material respects.
This report is intended solely for the information and use of management of SSgA
Funds and the Securities and Exchange Commission and should not be used for any
other purpose.
/s/ COOPERS & LYBRAND L.L.P.
Boston, Massachusetts COOPERS & LYBRAND L.L.P.
June 12, 1998
<PAGE>
MANAGEMENT STATEMENT REGARDING COMPLIANCE WITH CERTAIN PROVISIONS
-----------------------------------------------------------------
OF THE INVESTMENT COMPANY ACT OF 1940
-------------------------------------
Coopers & Lybrand L.L.P. June 12, 1998
One Post Office Square
Boston, MA 02109
We, as members of management of SSgA Funds (comprised of Money Market Fund, U.S.
Government Money Market Fund, Matrix Equity Fund, S&P 500 Index Fund, Small Cap
Fund, Yield Plus Fund, Bond Market Fund, Emerging Markets Fund, US Treasury
Money Market Fund, Growth and Income Fund, Intermediate Fund, Prime Money Market
Fund, Tax Free Money Market Fund, Active International Fund, Life Solutions
Balanced Fund, Life Solutions Income and Growth Fund, and Life Solutions Income
Fund) (the "Funds"), are responsible for complying with the requirements of
subsections (b) and (c) of Rule 17f-2, "Custody of Investments by Registered
Management Investment Companies," of the Investment Company Act of 1940. We are
also responsible for establishing and maintaining effective internal controls
over compliance with those requirements. We have performed an evaluation of the
Funds' compliance with the requirements of subsections (b) and (c) of Rule 17f-2
as of February 27, 1998 and from August 29, 1997 (date of last examination)
through February 27, 1998.
Based on this evaluation, we assert that the Funds were in compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company
Act of 1940 as of February 27, 1998 and from August 29, 1997 (date of last
examination) through February 27, 1998, with respect to securities reflected in
the investment accounts of the Funds.
Very truly yours,
SSgA Funds
/s/ Lynn L. Anderson /s/ J. David Griswold
- ------------------------------ ------------------------------
Lynn L. Anderson J. David Griswold
President Vice President, Secretary and
Associate General Counsel
42
