RUSSELL FRANK INVESTMENT CO
NSAR-B, 2001-01-03
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<PAGE>      PAGE  1
000 B000000 10/31/2000
000 C000000 0000351601
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 FRANK RUSSELL INVESTMENT COMPANY
001 B000000 811-3153
001 C000000 2066277001
002 A000000 909 A STREET
002 B000000 TACOMA
002 C000000 WA
002 D010000 98402
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 29
007 C010100  1
007 C020100  QUITY I FUND
007 C030100 N
007 C010200  2
007 C020200 EQUITY II FUND
007 C030200 N
007 C010300  3
007 C020300 EQUITY III FUND
007 C030300 N
007 C010400  4
007 C020400 FIXED I FUND
007 C030400 N
007 C010500  5
007 C020500 SHORT TERM BOND FUND
007 C030500 N
007 C010600  6
007 C020600 INTERNATIONAL FUND
007 C030600 N
007 C010700  7
007 C020700 MONEY MARKET FUND
007 C030700 N
007 C010800  8
007 C020800 DIVERSIFIED EQUITY FUND
007 C030800 N
007 C010900  9
007 C020900 SPECIAL GROWTH FUND
007 C030900 N
007 C011000 10
007 C021000 EQUITY INCOME FUND
<PAGE>      PAGE  2
007 C031000 N
007 C011100 11
007 C021100 DIVERSIFIED BOND FUND
007 C031100 N
007 C011200 12
007 C011300 13
007 C021300 INTERNATIONAL SECURITIES FUND
007 C031300 N
007 C011400 14
007 C021400 TAX EXEMPT BOND FUND
007 C031400 N
007 C011500 15
007 C021500 US GOVERNMENT MONEY MARKET FUND
007 C031500 N
007 C011600 16
007 C021600 EQUITY Q FUND
007 C031600 N
007 C011700 17
007 C021700 QUANTITATIVE EQUITY FUND
007 C031700 N
007 C011800 18
007 C021800 TAX FREE MONEY MARKET FUND
007 C031800 N
007 C011900 19
007 C021900 REAL ESTATE SECURITIES FUND
007 C031900 N
007 C012000 20
007 C022000 FIXED INCOME III FUND
007 C032000 N
007 C012100 21
007 C022100 EMERGING MARKETS FUND
007 C032100 N
007 C012200 22
007 C022200 MULTISTRATEGY BOND FUND
007 C032200 N
007 C012300 23
007 C022300 TAX-MANAGED LARGE CAP FUND
007 C032300 N
007 C012400 24
007 C022400 EQUITY AGGRESSIVE STRATEGY FUND
007 C032400 N
007 C012500 25
007 C022500 AGGRESSIVE STRATEGY FUND
007 C032500 N
007 C012600 26
007 C022600 BALANCED STRATEGY FUND
007 C032600 N
007 C012700 27
007 C022700 MODERATE STRATEGY FUND
007 C032700 N
007 C012800 28
<PAGE>      PAGE  3
007 C022800 CONSERVATIVE STRATEGY FUND
007 C032800 N
007 C012900 29
007 C022900 TAX-MANAGED SMALL CAP FUND
007 C032900 N
007 C013000 30
007 C023000 TAX-MANAGED GLOBAL EQUITY
007 C033000 N
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
007 C015100 51
007 C015200 52
007 C015300 53
007 C015400 54
007 C015500 55
007 C015600 56
007 C015700 57
007 C015800 58
007 C015900 59
007 C016000 60
007 C016100 61
007 C016200 62
007 C016300 63
007 C016400 64
007 C016500 65
007 C016600 66
007 C016700 67
007 C016800 68
007 C016900 69
007 C017000 70
007 C017100 71
007 C017200 72
007 C017300 73
<PAGE>      PAGE  4
007 C017400 74
007 C017500 75
007 C017600 76
007 C017700 77
007 C017800 78
007 C017900 79
007 C018000 80
007 C018100 81
007 C018200 82
007 C018300 83
007 C018400 84
007 C018500 85
007 C018600 86
007 C018700 87
007 C018800 88
007 C018900 89
007 C019000 90
010 A00AA01 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
010 C01AA01 TACOMA
010 C02AA01 WA
010 C03AA01 98402
011 A00AA01 RUSSELL FUND DISTRIBUTORS, INC.
011 B00AA01 8-21771
011 C01AA01 TACOMA
011 C02AA01 WA
011 C03AA01 98402
012 A00AA01 RUSSELL FUND DISTRIBUTORS, INC.
012 B00AA01 84-01626
012 C01AA01 TACOMA
012 C02AA01 WA
012 C03AA01 98402
013 A00AA01 PRICEWATERHOUSECOOPERS L.L.P.
013 B01AA01 SEATTLE
013 B02AA01 WA
013 B03AA01 98154
014 A00AA01 FRANK RUSSELL SECURITIES, INC.
014 B00AA01 8-000329
014 A00AA02 RUSSELL FUND DISTRIBUTORS, INC.
014 B00AA02 8-21771
014 A00AA03 FRANK RUSSELL CAPITAL, INC.
014 B00AA03 8-47808
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
015 A00AA02 CITIBANK, N.A., ARGENTINA
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
<PAGE>      PAGE  5
015 E04AA02 X
015 A00AA03 WESTPAC BANKING CORPORATION
015 B00AA03 S
015 C01AA03 SYDNEY
015 D01AA03 AUSTRALIA
015 E04AA03 X
015 A00AA04 CITIBANK, N.A., LA PAZ
015 B00AA04 S
015 C01AA04 LA PAZ
015 D01AA04 BOLIVIA
015 E04AA04 X
015 A00AA05 STANDARD CHARTERED BANK
015 B00AA05 S
015 C01AA05 DHAKA
015 D01AA05 BANGLADESH
015 E04AA05 X
015 A00AA06 FORTIS BANK S.A.
015 B00AA06 S
015 C01AA06 BRUSSELS
015 D01AA06 BELGIUM
015 E04AA06 X
015 A00AA07 CITIBANK, N.A., BRAZIL
015 B00AA07 S
015 C01AA07 SAO PAULO
015 D01AA07 BRAZIL
015 E04AA07 X
015 A00AA08 STANDARD BANK SWAZILAND LTD.
015 B00AA08 S
015 C01AA08 MBABANE
015 D01AA08 SWAZILAND
015 E04AA08 X
015 A00AA09 CITIBANK, N.A., CHILE
015 B00AA09 S
015 C01AA09 SANTIAGO
015 D01AA09 CHILE
015 E04AA09 X
015 A00AA10 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B00AA10 S
015 C01AA10 SHANGHAI - SHENZHEN
015 D01AA10 CHINA
015 E04AA10 X
015 A00AA11 CITITRUST COLUMBIA S.A. SOCIEDAD FIDUCIARIA
015 B00AA11 S
015 C01AA11 BOGOTA
015 D01AA11 COLUMBIA
015 E04AA11 X
015 A00AA12 THE CYPRUS POPULAR BANK LTD.
015 B00AA12 S
015 C01AA12 NICOSIA
015 D01AA12 CYPRUS
015 E04AA12 X
<PAGE>      PAGE  6
015 A00AA13 DEN DANSKE BANK
015 B00AA13 S
015 C01AA13 COPENHAGEN
015 D01AA13 DENMARK
015 E04AA13 X
015 A00AA14 HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B00AA14 S
015 C01AA14 SEOUL
015 D01AA14 KOREA
015 E04AA14 X
015 A00AA15 BANQUE PARIBAS
015 B00AA15 S
015 C01AA15 PARIS
015 D01AA15 FRANCE
015 E04AA15 X
015 A00AA16 OTTOMAN BANK
015 B00AA16 S
015 C01AA16 ISTANBUL
015 D01AA16 TURKEY
015 E04AA16 X
015 A00AA17 NATIONAL BANK OF GREECE SA
015 B00AA17 S
015 C01AA17 ATHENS
015 D01AA17 GREECE
015 E04AA17 X
015 A00AA18 STANDARD CHARTERED BANK
015 B00AA18 S
015 C01AA18 HONG KONG
015 D01AA18 HONG KONG
015 E04AA18 X
015 A00AA19 CITIBANK BUDAPEST RT.
015 B00AA19 S
015 C01AA19 BUDAPEST
015 D01AA19 HUNGARY
015 E04AA19 X
015 A00AA20 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
015 B00AA20 S
015 C01AA20 ABIDJAN
015 D01AA20 IVORY COAST
015 E04AA20 X
015 A00AA21 STANDARD CHARTERED BANK
015 B00AA21 S
015 C01AA21 JAKARTA
015 D01AA21 INDONESIA
015 E04AA21 X
015 A00AA22 BANK OF IRELAND
015 B00AA22 S
015 C01AA22 DUBLIN
015 D01AA22 IRELAND
015 E04AA22 X
015 A00AA23 BANK HAPOALIM B.M.
<PAGE>      PAGE  7
015 B00AA23 S
015 C01AA23 TEL AVIV
015 D01AA23 ISRAEL
015 E04AA23 X
015 A00AA24 BANQUE PARIBAS
015 B00AA24 S
015 C01AA24 MILAN
015 D01AA24 ITALY
015 E04AA24 X
015 A00AA25 STATE STREET LONDON LTD.
015 B00AA25 S
015 C01AA25 LONDON
015 D01AA25 ENGLAND
015 E04AA25 X
015 A00AA26 STATE STREET BANK AND TRUST CO. LONDON BRANCH
015 B00AA26 S
015 C01AA26 LONDON
015 D01AA26 ENGLAND
015 E04AA26 X
015 A00AA27 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B00AA27 S
015 C01AA27 KUALA LUMPUR
015 D01AA27 MALAYSIA
015 E04AA27 X
015 A00AA28 CITIBANK,N.A., MEXICO
015 B00AA28 S
015 C01AA28 MEXICO CITY
015 D01AA28 MEXICO
015 E04AA28 X
015 A00AA29 MEESPIERSON N.V.
015 B00AA29 S
015 C01AA29 AMSTERDAM
015 D01AA29 NETHERLANDS
015 E04AA29 X
015 A00AA30 ANZ BANKING GROUP (NEW ZEALAND) LTD.
015 B00AA30 S
015 C01AA30 WELLINGTON
015 D01AA30 NEW ZEALAND
015 E04AA30 X
015 A00AA31 CHRISTIANIA BANK OG KREDITKASSE
015 B00AA31 S
015 C01AA31 OSLO
015 D01AA31 NORWAY
015 E04AA31 X
015 A00AA32 DEUTSCHE BANK AG, PAKISTAN
015 B00AA32 S
015 C01AA32 KARACHI
015 D01AA32 PAKISTAN
015 E04AA32 X
015 A00AA33 CITIBANK, N.A., PERU
015 B00AA33 S
<PAGE>      PAGE  8
015 C01AA33 LIMA
015 D01AA33 PERU
015 E04AA33 X
015 A00AA34 STANDARD CHARTERED BANK
015 B00AA34 S
015 C01AA34 MANILA
015 D01AA34 PHILIPPINES
015 E04AA34 X
015 A00AA35 BANCO COMERCIAL PORTUGUES
015 B00AA35 S
015 C01AA35 LISBON
015 D01AA35 PORTUGAL
015 E04AA35 X
015 A00AA36 THE DEVELOPMENT BANK OF SINGAPORE, LTD.
015 B00AA36 S
015 C01AA36 SINGAPORE
015 D01AA36 SINGAPORE
015 E04AA36 X
015 A00AA37 BANCO SANTANDER, S.A.
015 B00AA37 S
015 C01AA37 MADRID
015 D01AA37 SPAIN
015 E04AA37 X
015 A00AA38 THE HONGKONG AND SHANGHAI BANKING CORP., LTD.
015 B00AA38 S
015 C01AA38 COLUMBO
015 D01AA38 SRI LANKA
015 E04AA38 X
015 A00AA39 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA39 S
015 C01AA39 STOCKHOLM
015 D01AA39 SWEDEN
015 E04AA39 X
015 A00AA40 UNION BANK OF SWITZERLAND AG
015 B00AA40 S
015 C01AA40 ZURICH
015 D01AA40 SWITZERLAND
015 E04AA40 X
015 A00AA41 CENTRAL TRUST OF CHINA
015 B00AA41 S
015 C01AA41 TAIPEI
015 D01AA41 TAIWAN
015 E04AA41 X
015 A00AA42 STANDARD CHARTERED BANK
015 B00AA42 S
015 C01AA42 BANGKOK
015 D01AA42 THAILAND
015 E04AA42 X
015 A00AA43 CITIBANK, N.A.
015 B00AA43 S
015 C01AA43 INSTANBUL
<PAGE>      PAGE  9
015 D01AA43 TURKEY
015 E04AA43 X
015 A00AA44 DELETE
015 A00AA45 CITIBANK, N.A., URUGUAY
015 B00AA45 S
015 C01AA45 MONTEVIDEO
015 D01AA45 URUGUAY
015 E04AA45 X
015 A00AA46 CITIBANK, N.A.
015 B00AA46 S
015 C01AA46 CARACAS
015 D01AA46 VENEZUELA
015 E04AA46 X
015 A00AA47 CESKOSLOVENSKA OBSHODNI BANKA, A.S.
015 B00AA47 S
015 C01AA47 PRAGUE
015 D01AA47 CZECH REPUBLIC
015 E04AA47 X
015 A00AA48 EGYPTIAN BRITISH BANK
015 B00AA48 S
015 C01AA48 CAIRO
015 D01AA48 EGYPT
015 E04AA48 X
015 A00AA49 BARCLAYS BANK OF BOTSWANA LTD.
015 B00AA49 S
015 C01AA49 GABORONE
015 D01AA49 BOTSWANA
015 E04AA49 X
015 A00AA50 CITIBANK POLAND S.A.
015 B00AA50 S
015 C01AA50 WARSAW
015 D01AA50 POLAND
015 E04AA50 X
015 A00AA51 STANDARD BANK OF SOUTH AFRICA LTD.
015 B00AA51 S
015 C01AA51 JOHANNESBURG
015 D01AA51 SOUTH AFRICA
015 E04AA51 X
015 A00AA52 DELETE
015 A00AA53 DELETE
015 A00AA54 BARCLAYS BANK OF GHANA LTD.
015 B00AA54 S
015 C01AA54 ACCRA
015 D01AA54 GHANA
015 E04AA54 X
015 A00AA55 HSBC BANK MIDDLE EAST
015 B00AA55 S
015 C01AA55 AMMAN
015 D01AA55 JORDAN
015 E04AA55 X
015 A00AA56 BARCLAYS BANK OF KENYA LTD.
<PAGE>      PAGE  10
015 B00AA56 S
015 C01AA56 NAIROBI
015 D01AA56 KENYA
015 E04AA56 X
015 A00AA57 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B00AA57 S
015 C01AA57 PORT LOUIS
015 D01AA57 MAURITIUS
015 E04AA57 X
015 A00AA58 CESKOSLOVENSKA OBCHODNA BANKA A.S.
015 B00AA58 S
015 C01AA58 BRATISLAVA
015 D01AA58 SLOVAK REPUBLIC
015 E04AA58 X
015 A00AA59 BANK POLSA KASA OPIEKI S.A.
015 B00AA59 S
015 C01AA59 WARSAW
015 D01AA59 POLAND
015 E04AA59 X
015 A00AA60 BARCLAYS BANK OF ZAMBIA LTD.
015 B00AA60 S
015 C01AA60 LUSAKA
015 D01AA60 ZAMBIA
015 E04AA60 X
015 A00AA61 BARCLAYS BANK OF ZIMBABWE, LTD.
015 B00AA61 S
015 C01AA61 HARARE
015 D01AA61 ZIMBABWE
015 E04AA61 X
015 A00AA62 DEUTSCHE BANK, AG
015 B00AA62 S
015 C01AA62 MUMBAI
015 D01AA62 INDIA
015 E04AA62 X
015 A00AA63 MERITA BANK LTD.
015 B00AA63 S
015 C01AA63 HELSINKI
015 D01AA63 FINLAND
015 E04AA63 X
015 A00AA64 DRESDNER BANK AG
015 B00AA64 S
015 C01AA64 FRANKFURT
015 D01AA64 GERMANY
015 E04AA64 X
015 A00AA65 SUMITOMO BANK
015 B00AA65 S
015 C01AA65 TOKYO
015 D01AA65 JAPAN
015 E04AA65 X
015 A00AA66 BANQUE COMMERCIALE DU MAROC
015 B00AA66 S
<PAGE>      PAGE  11
015 C01AA66 CASABLANCA
015 D01AA66 MOROCCO
015 E04AA66 X
015 A00AA67 CITIBANK, N.A., ECUADOR
015 B00AA67 S
015 C01AA67 QUITO
015 D01AA67 ECUADOR
015 E04AA67 X
015 A00AA68 CREDIT SUISSE FIRST BOSTON AO
015 B00AA68 S
015 C01AA68 MOSCOW
015 D01AA68 RUSSIA
015 E04AA68 X
015 A00AA69 THE BANK OF BERMUDA LTD.
015 B00AA69 S
015 C01AA69 HAMILTON
015 D01AA69 BERMUDA
015 E04AA69 X
015 A00AA70 HSBC BANK MIDDLE EAST
015 B00AA70 S
015 C01AA70 BEIRUT
015 D01AA70 LEBANON
015 E04AA70 X
015 A00AA71 HSBC BANK MIDDLE EAST
015 B00AA71 S
015 C01AA71 MANAMA
015 D01AA71 BAHRAIN
015 E04AA71 X
015 A00AA72 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B00AA72 S
015 C01AA72 BOMBAY
015 D01AA72 INDIA
015 E04AA72 X
015 A00AA73 THE FUJI BANK, LTD.
015 B00AA73 S
015 C01AA73 TOKYO
015 D01AA73 JAPAN
015 E04AA73 X
015 A00AA74 ERSTE BANK DER OESTERREICHISHEN SPARKASSEN AG
015 B00AA74 S
015 C01AA74 VIENNA
015 D01AA74 AUSTRIA
015 E04AA74 X
015 A00AA75 ING BANK N.V.
015 B00AA75 S
015 C01AA75 SOFIA
015 D01AA75 BULGARIA
015 E04AA75 X
015 A00AA76 STATE STREET TRUST COMPANY CANADA
015 B00AA76 S
015 C01AA76 TORONTO
<PAGE>      PAGE  12
015 D01AA76 CANADA
015 E04AA76 X
015 A00AA77 PRIVREDNA BANKA ZAGREB D.D.
015 B00AA77 S
015 C01AA77 ZAGREB
015 D01AA77 CROATIA
015 E04AA77 X
015 A00AA78 HANSABANK
015 B00AA78 S
015 C01AA78 TALLINN
015 D01AA78 ESTONIA
015 E04AA78 X
015 A00AA79 ICEBANK LTD.
015 B00AA79 S
015 C01AA79 REYKJAVIK
015 D01AA79 ICELAND
015 E04AA79 X
015 A00AA80 SCOTIABANK JAMAICA TRUST & MERCHANT BANK LTD.
015 B00AA80 S
015 C01AA80 KINGSTON
015 D01AA80 JAMAICA
015 E04AA80 X
015 A00AA81 JSC HANSABANK
015 B00AA81 S
015 C01AA81 LATVIJA
015 D01AA81 LATVIA
015 E04AA81 X
015 A00AA82 VILNIAUS BANKAS AB
015 B00AA82 S
015 C01AA82 VILNIUS
015 D01AA82 LITHUANIA
015 E04AA82 X
015 A00AA83 ING BANK N.V.
015 B00AA83 S
015 C01AA83 BUCHAREST
015 D01AA83 ROMANIA
015 E04AA83 X
015 A00AA84 BANKA CREDITANSTALT D.D.
015 B00AA84 S
015 C01AA84 LJUBLJANA
015 D01AA84 SLOVENIA
015 E04AA84 X
015 A00AA85 REPUBLIC BANK LTD.
015 B00AA85 S
015 C01AA85 PORT-OF-SPAIN
015 D01AA85 TRINIDAD & TOBAGO
015 E04AA85 X
015 A00AA86 BANQUE INTERNATIONALE ARABE DE TUNISIE
015 B00AA86 S
015 C01AA86 TUNIS
015 D01AA86 TUNISIA
<PAGE>      PAGE  13
015 E04AA86 X
015 A00AA87 HSBC BANK MIDDLE EAST
015 B00AA87 S
015 C01AA87 MUSCAT
015 D01AA87 OMAN
015 E04AA87 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   29
019 C00AA00 FRICOFUNDS
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000001 13-5674085
020 C000001   2247
020 A000002 INVESTMENT TECHNOLOGY GROUP
020 B000002 95-4339369
020 C000002   1991
020 A000003 GOLDMAN SACHS & CO.
020 B000003 13-5108880
020 C000003   1587
020 A000004 MORGAN STANLEY & CO., INC.
020 B000004 13-2655998
020 C000004   1546
020 A000005 INSTINET CORP.
020 B000005 13-3443395
020 C000005   1387
020 A000006 CREDIT SUISSE FIRST BOSTON, INC.
020 B000006 13-5659485
020 C000006    908
020 A000007 BEAR, STEARNS & CO., INC.
020 B000007 13-3299429
020 C000007    890
020 A000008 LEHMAN BROTHERS, INC.
020 B000008 13-2518466
020 C000008    709
020 A000009 JP MORGAN, INC.
020 B000009 13-3224016
020 C000009    523
020 A000010 JEFFERIES & CO., INC.
020 B000010 95-2622900
020 C000010    292
021  000000    28329
022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000001 13-5674085
022 C000001   2681732
022 D000001   1856139
022 A000002 GOLDMAN SACHS
022 B000002 13-5108880
022 C000002   2277359
022 D000002   1685300
022 A000003 LEHMAN BROTHERS
022 B000003 13-2518466
<PAGE>      PAGE  14
022 C000003   2315256
022 D000003   1187279
022 A000004 MORGAN STANLEY & CO., INC.
022 B000004 13-2655998
022 C000004   2239128
022 D000004   1262570
022 A000005 SALOMON SMITH BARNEY, INC.
022 B000005 52-1568099
022 C000005   1550648
022 D000005   1225611
022 A000006 CREDIT SUISSE FIRST BOSTON, INC.
022 B000006 13-5659485
022 C000006   1650532
022 D000006    926978
022 A000007 BEAR, STEARNS & CO., INC.
022 B000007 13-3299429
022 C000007   1244463
022 D000007   1309548
022 A000008 JP MORGAN, INC.
022 B000008 13-3224016
022 C000008    947379
022 D000008    777679
022 A000009 BANK OF AMERICA, CORP.
022 B000009 94-1687665
022 C000009   1005728
022 D000009    538680
022 A000010 BANK OF NEW YORK (THE)
022 B000010 13-5160382
022 C000010    124844
022 D000010    106513
023 C000000   88262246
023 D000000   38286938
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 Y
026 F000000 Y
026 G010000 N
026 G020000 Y
026 H000000 N
027  000000 Y
034  00AA00 N
035  00AA00      0
036 B00AA00      0
055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
077 A000000 Y
077 B000000 Y
<PAGE>      PAGE  15
078  000000 N
080 A00AA00 GULF INSURANCE COMPANY
080 C00AA00     3500
081 A00AA00 Y
081 B00AA00  33
082 A00AA00 Y
082 B00AA00      500
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
008 A000101 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
008 B000101 A
008 C000101 801-17141
008 D010101 TACOMA
008 D020101 WA
008 D030101 98402
008 A000102 ALLIANCE CAPITAL MANAGEMENT L.P.
008 B000102 S
008 C000102 801-32361
008 D010102 MINNEAPOLIS
008 D020102 MN
008 D030102 55402
008 D040102 4322
008 A000103 BARCLAYS GLOBAL INVESTORS
008 B000103 S
008 C000103 801-36479
008 D010103 SAN FRANCISCO
008 D020103 CA
008 D030103 94105
008 A000104 PEACHTREE ASSET MANAGEMENT
008 B000104 S
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  21
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<PAGE>      PAGE  24
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008 D030207 10036
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<PAGE>      PAGE  25
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<PAGE>      PAGE  27
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<PAGE>      PAGE  28
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<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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<PAGE>      PAGE  37
025 A000409 DELETE
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039  000400 N
040  000400 N
041  000400 N
<PAGE>      PAGE  38
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050  000400 N
051  000400 N
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054 D000400 N
054 E000400 N
054 F000400 N
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<PAGE>      PAGE  39
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068 A000400 N
068 B000400 N
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070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 Y
070 C020400 Y
070 D010400 Y
070 D020400 N
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070 E020400 N
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070 F020400 N
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070 G020400 N
<PAGE>      PAGE  40
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<PAGE>      PAGE  41
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<PAGE>      PAGE  42
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<PAGE>      PAGE  43
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<PAGE>      PAGE  44
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054 E000500 N
054 F000500 N
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<PAGE>      PAGE  45
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<PAGE>      PAGE  46
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<PAGE>      PAGE  47
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<PAGE>      PAGE  48
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<PAGE>      PAGE  49
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<PAGE>      PAGE  50
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<PAGE>      PAGE  51
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<PAGE>      PAGE  52
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<PAGE>      PAGE  53
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<PAGE>      PAGE  54
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<PAGE>      PAGE  55
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039  000700 N
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050  000700 N
051  000700 N
052  000700 N
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053 B000700 Y
053 C000700 N
054 A000700 Y
<PAGE>      PAGE  56
054 B000700 N
054 C000700 N
054 D000700 N
054 E000700 N
054 F000700 N
054 G000700 N
054 H000700 Y
054 I000700 N
054 J000700 Y
054 K000700 N
054 L000700 N
054 M000700 N
054 N000700 N
054 O000700 N
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066 A000700 N
067  000700 N
068 A000700 N
068 B000700 N
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070 A010700 Y
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 N
<PAGE>      PAGE  57
070 C020700 N
070 D010700 N
070 D020700 N
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070 E020700 N
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070 F020700 N
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070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 N
070 L020700 N
070 M010700 Y
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
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<PAGE>      PAGE  59
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<PAGE>      PAGE  60
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008 A000809 SANFORD C. BERNSTEIN & CO.,INC.
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<PAGE>      PAGE  61
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<PAGE>      PAGE  62
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050  000800 N
051  000800 N
052  000800 N
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054 C000800 N
054 D000800 N
054 E000800 N
054 F000800 N
054 G000800 N
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054 K000800 N
054 L000800 N
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054 N000800 N
054 O000800 N
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<PAGE>      PAGE  63
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070 F020800 Y
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070 H010800 Y
070 H020800 N
<PAGE>      PAGE  64
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<PAGE>      PAGE  65
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008 A000902 CAPITALWORKS INVESTMENT PARTNERS, LLC
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<PAGE>      PAGE  66
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<PAGE>      PAGE  67
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<PAGE>      PAGE  68
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<PAGE>      PAGE  69
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<PAGE>      PAGE  70
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070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 Y
070 L010900 Y
070 L020900 N
070 M010900 Y
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 Y
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900    961606
071 B000900    950253
071 C000900    698711
071 D000900  136
072 A000900 10
072 B000900      181
072 C000900     8049
072 D000900        0
072 E000900        0
072 F000900     5667
072 G000900      317
072 H000900        0
072 I000900     1077
072 J000900      449
072 K000900        0
072 L000900        0
072 M000900       14
072 N000900       78
072 O000900        0
072 P000900        0
072 Q000900        0
072 R000900       52
072 S000900        9
<PAGE>      PAGE  71
072 T000900       53
072 U000900        0
072 V000900        0
072 W000900       87
072 X000900     7803
072 Y000900       20
072 Z000900      447
072AA000900   234206
072BB000900   137269
072CC010900        0
072CC020900    27929
072DD010900      267
072DD020900        0
072EE000900    19431
073 A010900   0.0200
073 A020900   0.0000
073 B000900   1.3500
073 C000900   0.0000
074 A000900      507
074 B000900        0
074 C000900    60067
074 D000900        0
074 E000900      126
074 F000900   728355
074 G000900        0
074 H000900        0
074 I000900        0
074 J000900     5234
074 K000900        0
074 L000900     3891
074 M000900        5
074 N000900   798185
074 O000900    16584
074 P000900      780
074 Q000900        0
074 R010900        0
074 R020900        0
074 R030900        0
074 R040900      946
074 S000900        0
074 T000900   779875
074 U010900    14460
074 U020900      211
074 V010900    52.52
074 V020900    51.05
074 W000900   0.0000
074 X000900    20344
074 Y000900     5207
075 A000900        0
075 B000900   761693
076  000900     0.00
<PAGE>      PAGE  72
008 A001001 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
008 B001001 A
008 C001001 801-17141
008 D011001 TACOMA
008 D021001 WA
008 D031001 98402
008 A001002 BARCLAYS GLOBAL FUND ADVISORS
008 B001002 S
008 C001002 801-36479
008 D011002 SAN FRANCISCO
008 D021002 CA
008 D031002 94105
008 A001003 EQUINOX CAPITAL MANAGEMENT, LLC
008 B001003 S
008 C001003 801-34524
008 D011003 NEW YORK
008 D021003 NY
008 D031003 10022
008 A001004 WESTPEAK INVESTMENT ADVISORS, L.P.
008 B001004 S
008 C001004 801-39554
008 D011004 BOULDER
008 D021004 CO
008 D031004 80302
008 A001005 DELETE
024  001000 Y
025 A001001 BEAR STEARNS & CO., INC.
025 B001001 13-3299429
025 C001001 E
025 D001001       6
025 A001002 GOLDMAN SACHS & CO.
025 B001002 13-5108880
025 C001002 E
025 D001002     379
025 A001003 LEHMAN BROTHERS, INC.
025 B001003 13-2518466
025 C001003 E
025 D001003     761
025 A001004 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
025 B001004 13-5674085
025 C001004 E
025 D001004    1078
025 A001005 JP MORGAN, INC.
025 B001005 13-3224016
025 C001005 E
025 D001005    2466
025 A001006 MORGAN STANLEY & CO., INC.
025 B001006 13-2655998
025 C001006 E
025 D001006    2851
025 D001007       0
<PAGE>      PAGE  73
025 D001008       0
028 A011000      2560
028 A021000         0
028 A031000         0
028 A041000      7599
028 B011000      5190
028 B021000         1
028 B031000         0
028 B041000      7796
028 C011000      1896
028 C021000       270
028 C031000         0
028 C041000      4788
028 D011000      2719
028 D021000         0
028 D031000         0
028 D041000      5305
028 E011000      2100
028 E021000         0
028 E031000         0
028 E041000      3306
028 F011000      2731
028 F021000       215
028 F031000         0
028 F041000      5702
028 G011000     17196
028 G021000       486
028 G031000         0
028 G041000     34496
028 H001000         0
029  001000 N
030 A001000      0
030 B001000  0.00
030 C001000  0.00
031 A001000      0
031 B001000      0
032  001000      0
033  001000      0
037  001000 N
038  001000      0
039  001000 N
040  001000 Y
041  001000 Y
042 A001000   0
042 B001000   0
042 C001000 100
042 D001000   0
042 E001000   0
042 F001000   0
042 G001000   0
042 H001000   0
<PAGE>      PAGE  74
043  001000      6
044  001000      0
045  001000 Y
046  001000 N
047  001000 Y
048  001000  0.750
048 A011000        0
048 A021000 0.000
048 B011000        0
048 B021000 0.000
048 C011000        0
048 C021000 0.000
048 D011000        0
048 D021000 0.000
048 E011000        0
048 E021000 0.000
048 F011000        0
048 F021000 0.000
048 G011000        0
048 G021000 0.000
048 H011000        0
048 H021000 0.000
048 I011000        0
048 I021000 0.000
048 J011000        0
048 J021000 0.000
048 K011000        0
048 K021000 0.000
049  001000 N
050  001000 N
051  001000 N
052  001000 N
053 A001000 N
054 A001000 Y
054 B001000 N
054 C001000 N
054 D001000 N
054 E001000 N
054 F001000 N
054 G001000 N
054 H001000 Y
054 I001000 N
054 J001000 Y
054 K001000 N
054 L001000 N
054 M001000 N
054 N001000 N
054 O001000 N
058 A001000 N
059  001000 Y
060 A001000 Y
<PAGE>      PAGE  75
060 B001000 Y
061  001000     1000
062 A001000 N
062 B001000   0.0
062 C001000   0.0
062 D001000   0.0
062 E001000   0.0
062 F001000   0.0
062 G001000   0.0
062 H001000   0.0
062 I001000   0.0
062 J001000   0.0
062 K001000   0.0
062 L001000   0.0
062 M001000   0.0
062 N001000   0.0
062 O001000   0.0
062 P001000   0.0
062 Q001000   0.0
062 R001000   0.0
063 A001000   0
063 B001000  0.0
066 A001000 Y
066 B001000 N
066 C001000 N
066 D001000 N
066 E001000 N
066 F001000 Y
066 G001000 N
067  001000 N
068 A001000 N
068 B001000 N
069  001000 N
070 A011000 N
070 A021000 N
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 Y
070 F021000 Y
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
<PAGE>      PAGE  76
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 Y
070 L011000 Y
070 L021000 N
070 M011000 Y
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 Y
070 Q021000 N
070 R011000 Y
070 R021000 N
071 A001000    149419
071 B001000    182496
071 C001000    150618
071 D001000   99
072 A001000 10
072 B001000       31
072 C001000     2720
072 D001000        0
072 E001000        0
072 F001000      981
072 G001000       66
072 H001000        0
072 I001000      333
072 J001000      204
072 K001000        0
072 L001000        0
072 M001000       11
072 N001000       35
072 O001000        0
072 P001000        0
072 Q001000        0
072 R001000       43
072 S001000        2
072 T001000        6
072 U001000        0
072 V001000        0
072 W001000       47
072 X001000     1728
072 Y001000        1
072 Z001000     1024
072AA001000    20920
072BB001000    30455
072CC011000     7032
<PAGE>      PAGE  77
072CC021000        0
072DD011000     1029
072DD021000        6
072EE001000      906
073 A011000   0.2300
073 A021000   0.2300
073 B001000   0.1900
073 C001000   0.0200
074 A001000        0
074 B001000        0
074 C001000    10082
074 D001000        0
074 E001000        0
074 F001000   143758
074 G001000        0
074 H001000        0
074 I001000        0
074 J001000       34
074 K001000        0
074 L001000      745
074 M001000        4
074 N001000   154623
074 O001000     1489
074 P001000      153
074 Q001000        0
074 R011000        0
074 R021000        0
074 R031000        0
074 R041000      794
074 S001000        0
074 T001000   152187
074 U011000     4090
074 U021000       30
074 V011000    36.68
074 V021000    36.89
074 W001000   0.0000
074 X001000     5987
074 Y001000      992
075 A001000        0
075 B001000   157721
076  001000     0.00
008 A001101 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
008 B001101 A
008 C001101 801-17141
008 D011101 TACOMA
008 D021101 WA
008 D031101 98402
008 A001102 PACIFIC INVESTMENT MANAGEMENT CO.
008 B001102 S
008 C001102 801-48187
008 D011102 NEWPORT BEACH
<PAGE>      PAGE  78
008 D021102 CA
008 D031102 92660
008 A001103 STANDISH, AYER & WOOD, INC.
008 B001103 S
008 C001103 801-00584
008 D011103 BOSTON
008 D021103 MA
008 D031103 02111
008 A001104 LINCOLN CAPITAL MANAGEMENT CO.
008 B001104 S
008 C001104 801-11417
008 D011104 CHICAGO
008 D021104 IL
008 D031104 60606
008 A001105 DELETE
024  001100 Y
025 A001101 BEAR STEARNS & CO., INC.
025 B001101 13-3299429
025 C001101 D
025 D001101    2497
025 A001102 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
025 B001102 13-5674085
025 C001102 D
025 D001102    1746
025 A001103 JP MORGAN, INC.
025 B001103 13-3224016
025 C001103 D
025 D001103     192
025 A001104 CREDIT SUISSE FIRST BOSTON, INC.
025 B001104 13-5659485
025 C001104 D
025 D001104    1101
025 A001105 GOLDMAN SACHS & CO.
025 B001105 13-5108880
025 C001105 D
025 D001105    1075
025 A001106 MORGAN STANELY & CO., INC.
025 B001106 13-2655998
025 C001106 D
025 D001106    5809
025 A001107 DELETE
025 D001107       0
025 A001108 DELETE
025 D001108       0
025 A001109 DELETE
025 D001109       0
025 D001110       0
025 D001111       0
025 D001112       0
025 D001113       0
025 D001114       0
<PAGE>      PAGE  79
025 D001115       0
025 D001116       0
028 A011100     12467
028 A021100      2309
028 A031100         0
028 A041100     16966
028 B011100     21841
028 B021100      2220
028 B031100         0
028 B041100     33876
028 C011100     20250
028 C021100      1860
028 C031100         0
028 C041100     20338
028 D011100     15706
028 D021100      2576
028 D031100         0
028 D041100     14297
028 E011100     11325
028 E021100      2285
028 E031100         0
028 E041100     24887
028 F011100      8639
028 F021100      1949
028 F031100         0
028 F041100     30176
028 G011100     90228
028 G021100     13199
028 G031100         0
028 G041100    140540
028 H001100         0
029  001100 N
030 A001100      0
030 B001100  0.00
030 C001100  0.00
031 A001100      0
031 B001100      0
032  001100      0
033  001100      0
037  001100 N
038  001100      0
039  001100 N
040  001100 Y
041  001100 Y
042 A001100   0
042 B001100   0
042 C001100 100
042 D001100   0
042 E001100   0
042 F001100   0
042 G001100   0
<PAGE>      PAGE  80
042 H001100   0
043  001100     34
044  001100      0
045  001100 Y
046  001100 N
047  001100 Y
048  001100  0.400
048 A011100        0
048 A021100 0.000
048 B011100        0
048 B021100 0.000
048 C011100        0
048 C021100 0.000
048 D011100        0
048 D021100 0.000
048 E011100        0
048 E021100 0.000
048 F011100        0
048 F021100 0.000
048 G011100        0
048 G021100 0.000
048 H011100        0
048 H021100 0.000
048 I011100        0
048 I021100 0.000
048 J011100        0
048 J021100 0.000
048 K011100        0
048 K021100 0.000
049  001100 N
050  001100 N
051  001100 N
052  001100 N
053 A001100 N
054 A001100 Y
054 B001100 N
054 C001100 N
054 D001100 N
054 E001100 N
054 F001100 N
054 G001100 N
054 H001100 Y
054 I001100 N
054 J001100 Y
054 K001100 N
054 L001100 N
054 M001100 N
054 N001100 N
054 O001100 N
058 A001100 N
059  001100 Y
<PAGE>      PAGE  81
060 A001100 Y
060 B001100 Y
061  001100     1000
062 A001100 Y
062 B001100   0.0
062 C001100   0.0
062 D001100   0.0
062 E001100   0.0
062 F001100   0.0
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062 K001100   0.0
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062 M001100  15.3
062 N001100   6.2
062 O001100   0.0
062 P001100  22.5
062 Q001100  52.1
062 R001100   0.3
063 A001100   0
063 B001100  8.8
064 A001100 Y
064 B001100 N
066 A001100 N
067  001100 N
068 A001100 N
068 B001100 N
069  001100 N
070 A011100 Y
070 A021100 N
070 B011100 N
070 B021100 N
070 C011100 Y
070 C021100 Y
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
<PAGE>      PAGE  82
070 K021100 Y
070 L011100 N
070 L021100 N
070 M011100 Y
070 M021100 Y
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 Y
070 Q021100 N
070 R011100 Y
070 R021100 N
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071 C001100    768519
071 D001100  129
072 A001100 10
072 B001100    41156
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072 V001100        0
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072 X001100     3991
072 Y001100       40
072 Z001100    39798
072AA001100     9656
072BB001100    16614
072CC011100    20560
072CC021100        0
072DD011100    34810
072DD021100      229
<PAGE>      PAGE  83
072EE001100        0
073 A011100   1.0300
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073 B001100   0.0000
073 C001100   0.0000
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074 D001100   794230
074 E001100     2157
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074 V011100    22.31
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074 Y001100     1365
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075 B001100   752577
076  001100     0.00
008 A001201 DELETE
008 A001203 DELETE
008 A001204 DELETE
008 A001205 DELETE
025 A001201 DELETE
025 D001201       0
025 A001202 DELETE
025 D001202       0
025 A001203 DELETE
025 D001203       0
025 A001204 DELETE
025 D001204       0
025 A001205 DELETE
<PAGE>      PAGE  84
025 D001205       0
025 D001206       0
025 D001207       0
025 D001208       0
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028 A021200         0
028 A031200         0
028 A041200         0
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028 B031200         0
028 B041200         0
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028 C021200         0
028 C031200         0
028 C041200         0
028 D011200         0
028 D021200         0
028 D031200         0
028 D041200         0
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028 E021200         0
028 E031200         0
028 E041200         0
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028 F021200         0
028 F031200         0
028 F041200         0
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028 G021200         0
028 G031200         0
028 G041200         0
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030 A001200      0
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030 C001200  0.00
031 A001200      0
031 B001200      0
032  001200      0
033  001200      0
038  001200      0
042 A001200   0
042 B001200   0
042 C001200   0
042 D001200   0
042 E001200   0
042 F001200   0
042 G001200   0
042 H001200   0
043  001200      0
044  001200      0
<PAGE>      PAGE  85
045  001200 N
048  001200  0.000
048 A011200        0
048 A021200 0.000
048 B011200        0
048 B021200 0.000
048 C011200        0
048 C021200 0.000
048 D011200        0
048 D021200 0.000
048 E011200        0
048 E021200 0.000
048 F011200        0
048 F021200 0.000
048 G011200        0
048 G021200 0.000
048 H011200        0
048 H021200 0.000
048 I011200        0
048 I021200 0.000
048 J011200        0
048 J021200 0.000
048 K011200        0
048 K021200 0.000
062 A001200 N
062 B001200   0.0
062 C001200   0.0
062 D001200   0.0
062 E001200   0.0
062 F001200   0.0
062 G001200   0.0
062 H001200   0.0
062 I001200   0.0
062 J001200   0.0
062 K001200   0.0
062 L001200   0.0
062 M001200   0.0
062 N001200   0.0
062 O001200   0.0
062 P001200   0.0
062 Q001200   0.0
062 R001200   0.0
063 A001200   0
063 B001200  0.0
066 A001200 N
067  001200 N
068 A001200 N
068 B001200 N
069  001200 N
070 A011200 N
070 A021200 N
<PAGE>      PAGE  86
070 B011200 N
070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 N
070 J021200 N
070 K011200 N
070 K021200 N
070 L011200 N
070 L021200 N
070 M011200 N
070 M021200 N
070 N011200 N
070 N021200 N
070 O011200 N
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200         0
071 B001200         0
071 C001200         0
071 D001200    0
072 A001200  0
072 B001200        0
072 C001200        0
072 D001200        0
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072 F001200        0
072 G001200        0
072 H001200        0
072 I001200        0
072 J001200        0
072 K001200        0
072 L001200        0
072 M001200        0
<PAGE>      PAGE  87
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072 O001200        0
072 P001200        0
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072 R001200        0
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072 T001200        0
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072 V001200        0
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072 X001200        0
072 Y001200        0
072 Z001200        0
072AA001200        0
072BB001200        0
072CC011200        0
072CC021200        0
072DD011200        0
072DD021200        0
072EE001200        0
073 A011200   0.0000
073 A021200   0.0000
073 B001200   0.0000
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074 B001200        0
074 C001200        0
074 D001200        0
074 E001200        0
074 F001200        0
074 G001200        0
074 H001200        0
074 I001200        0
074 J001200        0
074 K001200        0
074 L001200        0
074 M001200        0
074 N001200        0
074 O001200        0
074 P001200        0
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200        0
074 R041200        0
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074 T001200        0
074 U011200        0
074 U021200        0
074 V011200     0.00
074 V021200     0.00
<PAGE>      PAGE  88
074 W001200   0.0000
074 X001200        0
074 Y001200        0
075 A001200        0
075 B001200        0
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008 A001301 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
008 B001301 A
008 C001301 801-17141
008 D011301 TACOMA
008 D021301 WA
008 D031301 98402
008 A001302 MONTGOMERY ASSET MANAGEMENT, LLC
008 B001302 S
008 C001302 801-36790
008 D011302 SAN FRANCISCO
008 D021302 CA
008 D031302 94111
008 A001303 J.P. MORGAN INVESTMENT MANAGEMENT, INC.
008 B001303 S
008 C001303 801-21011
008 D011303 NEW YORK
008 D021303 NY
008 D031303 10036
008 A001304 SANFORD C. BERNSTEIN & CO., INC.
008 B001304 S
008 C001304 801-10488
008 D011304 NEW YORK
008 D021304 NY
008 D031304 10153
008 A001305 OECHSLE INTERNATIONAL ADVISORS, LLC
008 B001305 S
008 C001305 801-28111
008 D011305 BOSTON
008 D021305 MA
008 D031305 02110
008 A001306 DRIEHAUS CAPITAL MANAGEMENT, INC.
008 B001306 S
008 C001306 801-18439
008 D011306 CHICAGO
008 D021306 IL
008 D031306 60611
008 A001307 DELAWARE INTERNATIONAL ADVISORS LTD.
008 B001307 S
008 C001307 801-37702
008 D011307 LONDON
008 D051307 ENGLAND
008 D061307 EC2V6EE
008 A001308 THE BOSTON COMPANY ASSET MANAGEMENT, INC.
008 B001308 S
008 C001308 801-06829
<PAGE>      PAGE  89
008 D011308 BOSTON
008 D021308 MA
008 D031308 02108
008 D041308 4402
008 A001309 MASTHOLM ASSET MANAGEMENT, LLC
008 B001309 S
008 C001309 801-54834
008 D011309 BELLEVUE
008 D021309 WA
008 D031309 98004
008 A001310 FIDELITY MANAGEMENT TRUST COMPANY
008 B001310 S
008 C001310 801-07884
008 D011310 BOSTON
008 D021310 MA
008 D031310 02109
008 A001311 MARVIN & PALMER ASSOCIATES, INC.
008 B001311 S
008 C001311 801-27724
008 D011311 WILMINGTON
008 D021311 DE
008 D031311 19801
024  001300 N
025 A001301 DELETE
025 D001301       0
025 A001302 DELETE
025 D001302       0
025 A001303 DELETE
025 D001303       0
025 A001304 DELETE
025 D001304       0
025 D001305       0
025 D001306       0
025 D001307       0
025 D001308       0
025 D001309       0
025 D001310       0
025 D001311       0
025 D001312       0
025 D001313       0
025 D001314       0
025 D001315       0
025 D001316       0
028 A011300     29203
028 A021300         0
028 A031300         0
028 A041300     19964
028 B011300     29434
028 B021300         3
028 B031300         0
028 B041300     30812
<PAGE>      PAGE  90
028 C011300     26559
028 C021300         1
028 C031300         0
028 C041300     19865
028 D011300     32694
028 D021300         0
028 D031300         0
028 D041300     17643
028 E011300     30743
028 E021300         0
028 E031300         0
028 E041300     17944
028 F011300     21052
028 F021300         0
028 F031300         0
028 F041300     18444
028 G011300    169685
028 G021300         4
028 G031300         0
028 G041300    124672
028 H001300         0
029  001300 N
030 A001300      0
030 B001300  0.00
030 C001300  0.00
031 A001300      0
031 B001300      0
032  001300      0
033  001300      0
037  001300 N
038  001300      0
039  001300 N
040  001300 Y
041  001300 Y
042 A001300   0
042 B001300   0
042 C001300 100
042 D001300   0
042 E001300   0
042 F001300   0
042 G001300   0
042 H001300   0
043  001300     64
044  001300      0
045  001300 Y
046  001300 N
047  001300 Y
048  001300  0.900
048 A011300        0
048 A021300 0.000
048 B011300        0
<PAGE>      PAGE  91
048 B021300 0.000
048 C011300        0
048 C021300 0.000
048 D011300        0
048 D021300 0.000
048 E011300        0
048 E021300 0.000
048 F011300        0
048 F021300 0.000
048 G011300        0
048 G021300 0.000
048 H011300        0
048 H021300 0.000
048 I011300        0
048 I021300 0.000
048 J011300        0
048 J021300 0.000
048 K011300        0
048 K021300 0.000
049  001300 N
050  001300 N
051  001300 N
052  001300 N
053 A001300 N
054 A001300 Y
054 B001300 N
054 C001300 N
054 D001300 N
054 E001300 N
054 F001300 N
054 G001300 N
054 H001300 Y
054 I001300 N
054 J001300 Y
054 K001300 N
054 L001300 N
054 M001300 N
054 N001300 N
054 O001300 N
058 A001300 N
059  001300 Y
060 A001300 Y
060 B001300 Y
061  001300     1000
062 A001300 N
062 B001300   0.0
062 C001300   0.0
062 D001300   0.0
062 E001300   0.0
062 F001300   0.0
062 G001300   0.0
<PAGE>      PAGE  92
062 H001300   0.0
062 I001300   0.0
062 J001300   0.0
062 K001300   0.0
062 L001300   0.0
062 M001300   0.0
062 N001300   0.0
062 O001300   0.0
062 P001300   0.0
062 Q001300   0.0
062 R001300   0.0
063 A001300   0
063 B001300  0.0
066 A001300 Y
066 B001300 N
066 C001300 N
066 D001300 N
066 E001300 N
066 F001300 N
066 G001300 Y
067  001300 N
068 A001300 N
068 B001300 Y
069  001300 N
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 Y
070 E021300 N
070 F011300 Y
070 F021300 Y
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 Y
070 L011300 Y
070 L021300 Y
070 M011300 Y
070 M021300 Y
070 N011300 Y
<PAGE>      PAGE  93
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 Y
070 P021300 N
070 Q011300 Y
070 Q021300 N
070 R011300 Y
070 R021300 N
071 A001300   1128121
071 B001300   1060982
071 C001300   1041791
071 D001300  102
072 A001300 10
072 B001300      303
072 C001300    26597
072 D001300        0
072 E001300    -2284
072 F001300     8440
072 G001300      474
072 H001300        0
072 I001300     1053
072 J001300     1896
072 K001300        0
072 L001300        0
072 M001300       18
072 N001300      115
072 O001300        0
072 P001300        0
072 Q001300        0
072 R001300      117
072 S001300       14
072 T001300       64
072 U001300        0
072 V001300        0
072 W001300      148
072 X001300    12339
072 Y001300       10
072 Z001300    12287
072AA001300   190120
072BB001300   139262
072CC011300        0
072CC021300   212284
072DD011300        0
072DD021300        0
072EE001300    39116
073 A011300   0.0000
073 A021300   0.0000
073 B001300   2.5400
073 C001300   0.0000
074 A001300        0
<PAGE>      PAGE  94
074 B001300        0
074 C001300    81769
074 D001300        0
074 E001300    12405
074 F001300   975960
074 G001300        0
074 H001300        0
074 I001300        0
074 J001300    17455
074 K001300       64
074 L001300     5520
074 M001300    13145
074 N001300  1106318
074 O001300    18334
074 P001300     1044
074 Q001300        0
074 R011300        0
074 R021300        0
074 R031300        0
074 R041300     3956
074 S001300        0
074 T001300  1082984
074 U011300    16709
074 U021300      190
074 V011300    63.51
074 V021300    62.46
074 W001300   0.0000
074 X001300    20019
074 Y001300    10909
075 A001300        0
075 B001300  1133576
076  001300     0.00
008 A001401 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
008 B001401 A
008 C001401 801-17141
008 D011401 TACOMA
008 D021401 WA
008 D031401 98402
008 A001402 STANDISH, AYER & WOOD, INC.
008 B001402 S
008 C001402 801-00584
008 D011402 BOSTON
008 D021402 MA
008 D031402 02111
008 A001403 MFS INSTITUTIONAL ADVISORS, INC.
008 B001403 S
008 C001403 801-46433
008 D011403 BOSTON
008 D021403 MA
008 D031403 02116
008 D041403 3741
<PAGE>      PAGE  95
008 A001404 DELETE
024  001400 N
025 D001401       0
025 D001402       0
025 D001403       0
025 D001404       0
025 D001405       0
025 D001406       0
025 D001407       0
025 D001408       0
028 A011400      5624
028 A021400       384
028 A031400         0
028 A041400      4407
028 B011400      6807
028 B021400       407
028 B031400         0
028 B041400      8938
028 C011400      5398
028 C021400       330
028 C031400         0
028 C041400      3330
028 D011400      6288
028 D021400       463
028 D031400         0
028 D041400      4389
028 E011400      2118
028 E021400       444
028 E031400         0
028 E041400     15361
028 F011400      1687
028 F021400       360
028 F031400         0
028 F041400      5079
028 G011400     27922
028 G021400      2388
028 G031400         0
028 G041400     41504
028 H001400         0
029  001400 N
030 A001400      0
030 B001400  0.00
030 C001400  0.00
031 A001400      0
031 B001400      0
032  001400      0
033  001400      0
037  001400 N
038  001400      0
039  001400 N
040  001400 Y
<PAGE>      PAGE  96
041  001400 Y
042 A001400   0
042 B001400   0
042 C001400 100
042 D001400   0
042 E001400   0
042 F001400   0
042 G001400   0
042 H001400   0
043  001400      4
044  001400      0
045  001400 Y
046  001400 N
047  001400 Y
048  001400  0.300
048 A011400        0
048 A021400 0.000
048 B011400        0
048 B021400 0.000
048 C011400        0
048 C021400 0.000
048 D011400        0
048 D021400 0.000
048 E011400        0
048 E021400 0.000
048 F011400        0
048 F021400 0.000
048 G011400        0
048 G021400 0.000
048 H011400        0
048 H021400 0.000
048 I011400        0
048 I021400 0.000
048 J011400        0
048 J021400 0.000
048 K011400        0
048 K021400 0.000
049  001400 N
050  001400 N
051  001400 N
052  001400 N
053 A001400 N
054 A001400 Y
054 B001400 N
054 C001400 N
054 D001400 N
054 E001400 N
054 F001400 N
054 G001400 N
054 H001400 Y
054 I001400 N
<PAGE>      PAGE  97
054 J001400 Y
054 K001400 N
054 L001400 N
054 M001400 N
054 N001400 N
054 O001400 N
058 A001400 N
059  001400 Y
060 A001400 Y
060 B001400 Y
061  001400     1000
062 A001400 Y
062 B001400   0.0
062 C001400   0.0
062 D001400   0.0
062 E001400   0.0
062 F001400   0.0
062 G001400   0.0
062 H001400   0.0
062 I001400   0.0
062 J001400   0.0
062 K001400   0.0
062 L001400   1.9
062 M001400   0.0
062 N001400   0.0
062 O001400  98.1
062 P001400   0.0
062 Q001400   0.0
062 R001400   0.0
063 A001400   0
063 B001400  5.8
064 A001400 Y
064 B001400 N
066 A001400 N
067  001400 N
068 A001400 N
068 B001400 N
069  001400 N
070 A011400 Y
070 A021400 N
070 B011400 N
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 Y
070 D021400 N
070 E011400 Y
070 E021400 N
070 F011400 Y
070 F021400 N
070 G011400 Y
<PAGE>      PAGE  98
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 Y
070 L011400 N
070 L021400 N
070 M011400 Y
070 M021400 N
070 N011400 N
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 Y
070 P021400 N
070 Q011400 Y
070 Q021400 N
070 R011400 Y
070 R021400 N
071 A001400     67742
071 B001400     51983
071 C001400    136212
071 D001400   38
072 A001400 10
072 B001400     5449
072 C001400      375
072 D001400        0
072 E001400        0
072 F001400      343
072 G001400       59
072 H001400        0
072 I001400      134
072 J001400       92
072 K001400        0
072 L001400        0
072 M001400       11
072 N001400       45
072 O001400        0
072 P001400        0
072 Q001400        0
072 R001400       33
072 S001400        3
072 T001400        4
072 U001400        0
072 V001400        0
072 W001400       44
072 X001400      768
<PAGE>      PAGE  99
072 Y001400        3
072 Z001400     5059
072AA001400      177
072BB001400      924
072CC011400     3182
072CC021400        0
072DD011400     4377
072DD021400      113
072EE001400        0
073 A011400   0.6600
073 A021400   0.6400
073 B001400   0.0000
073 C001400   0.0000
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074 B001400        0
074 C001400     2563
074 D001400   129545
074 E001400        0
074 F001400        0
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074 H001400        0
074 I001400        0
074 J001400        0
074 K001400        0
074 L001400     2251
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074 N001400   134360
074 O001400      696
074 P001400       68
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074 R021400        0
074 R031400        0
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074 T001400   133309
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074 V011400    20.84
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075 B001400   140913
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008 A001501 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
008 B001501 A
008 C001501 801-17141
008 D011501 TACOMA
008 D021501 WA
<PAGE>      PAGE  100
008 D031501 98402
008 A001502 DELETE
024  001500 N
025 D001501       0
025 D001502       0
025 D001503       0
025 D001504       0
025 D001505       0
025 D001506       0
025 D001507       0
025 D001508       0
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028 A041500     23473
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028 C011500     13431
028 C021500       469
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028 D011500     11226
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028 E021500       921
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028 F021500       445
028 F031500         0
028 F041500     19087
028 G011500     99431
028 G021500      2871
028 G031500         0
028 G041500    131464
028 H001500         0
029  001500 N
030 A001500      0
030 B001500  0.00
030 C001500  0.00
031 A001500      0
031 B001500      0
032  001500      0
033  001500      0
037  001500 N
038  001500      0
039  001500 N
<PAGE>      PAGE  101
040  001500 N
041  001500 N
042 A001500   0
042 B001500   0
042 C001500   0
042 D001500   0
042 E001500   0
042 F001500   0
042 G001500   0
042 H001500   0
043  001500      0
044  001500      0
045  001500 Y
046  001500 N
047  001500 Y
048  001500  0.200
048 A011500        0
048 A021500 0.000
048 B011500        0
048 B021500 0.000
048 C011500        0
048 C021500 0.000
048 D011500        0
048 D021500 0.000
048 E011500        0
048 E021500 0.000
048 F011500        0
048 F021500 0.000
048 G011500        0
048 G021500 0.000
048 H011500        0
048 H021500 0.000
048 I011500        0
048 I021500 0.000
048 J011500        0
048 J021500 0.000
048 K011500        0
048 K021500 0.000
049  001500 N
050  001500 N
051  001500 N
052  001500 N
053 A001500 Y
053 B001500 Y
053 C001500 N
054 A001500 Y
054 B001500 N
054 C001500 N
054 D001500 N
054 E001500 N
054 F001500 N
<PAGE>      PAGE  102
054 G001500 N
054 H001500 Y
054 I001500 N
054 J001500 Y
054 K001500 N
054 L001500 N
054 M001500 N
054 N001500 N
054 O001500 N
058 A001500 N
059  001500 Y
060 A001500 Y
060 B001500 Y
061  001500        0
062 A001500 Y
062 B001500   0.0
062 C001500  62.5
062 D001500  36.4
062 E001500   0.0
062 F001500   0.0
062 G001500   0.0
062 H001500   0.0
062 I001500   0.0
062 J001500   0.0
062 K001500   0.0
062 L001500   1.1
062 M001500   0.0
062 N001500   0.0
062 O001500   0.0
062 P001500   0.0
062 Q001500   0.0
062 R001500   0.0
063 A001500  53
063 B001500  0.0
064 A001500 Y
064 B001500 N
066 A001500 N
067  001500 N
068 A001500 N
068 B001500 N
069  001500 N
070 A011500 Y
070 A021500 Y
070 B011500 N
070 B021500 N
070 C011500 N
070 C021500 N
070 D011500 N
070 D021500 N
070 E011500 N
070 E021500 N
<PAGE>      PAGE  103
070 F011500 N
070 F021500 N
070 G011500 N
070 G021500 N
070 H011500 N
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 Y
070 K021500 N
070 L011500 N
070 L021500 N
070 M011500 Y
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 Y
070 P021500 N
070 Q011500 Y
070 Q021500 N
070 R011500 Y
070 R021500 N
071 A001500         0
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071 C001500         0
071 D001500    0
072 A001500 10
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072 J001500       53
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072 N001500       65
072 O001500        0
072 P001500        0
072 Q001500        0
072 R001500       13
072 S001500        1
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072 U001500        0
<PAGE>      PAGE  104
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072 X001500      550
072 Y001500      249
072 Z001500     5630
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072BB001500        4
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072CC021500        0
072DD011500        0
072DD021500        0
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073 C001500   0.0000
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074 C001500        0
074 D001500        0
074 E001500        0
074 F001500        0
074 G001500        0
074 H001500        0
074 I001500    50816
074 J001500        0
074 K001500        0
074 L001500      904
074 M001500        1
074 N001500    81334
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074 P001500        1
074 Q001500        0
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074 R021500        0
074 R031500        0
074 R041500       17
074 S001500        0
074 T001500    81316
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074 V011500     1.00
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074 W001500   1.0000
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074 Y001500        0
075 A001500    81374
075 B001500        0
076  001500     0.00
008 A001601 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
008 B001601 A
<PAGE>      PAGE  105
008 C001601 801-17141
008 D011601 TACOMA
008 D021601 WA
008 D031601 98402
008 A001602 JACOBS LEVY EQUITY MANAGEMENT, INC.
008 B001602 S
008 C001602 801-28257
008 D011602 ROSELAND
008 D021602 NJ
008 D031602 07068
008 A001603 FRANKLIN PORTFOLIO ASSOCIATES, LLC
008 B001603 S
008 C001603 801-17057
008 D011603 BOSTON
008 D021603 MA
008 D031603 02110
008 D041603 4104
008 A001604 J.P. MORGAN INVESTMENT MANAGEMENT, INC.
008 B001604 S
008 C001604 801-21011
008 D011604 NEW YORK
008 D021604 NY
008 D031604 10036
008 A001605 BARCLAYS GLOBAL INVESTORS
008 B001605 S
008 C001605 801-36479
008 D011605  SAN FRANCISCO
008 D021605 CA
008 D031605 94105
024  001600 Y
025 A001601 BEAR STEARNS & CO., INC.
025 B001601 13-3299429
025 C001601 E
025 D001601    1732
025 A001602 GOLDMAN SACHS & CO.
025 B001602 13-5108880
025 C001602 E
025 D001602    6458
025 A001603 LEHMAN BROTHERS, INC.
025 B001603 13-2518466
025 C001603 E
025 D001603    6153
025 A001604 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
025 B001604 13-5674085
025 C001604 E
025 D001604   11109
025 A001605 MORGAN STANLEY & CO., INC.
025 B001605 13-2655998
025 C001605 E
025 D001605   14874
025 A001606 JP MORGAN, INC.
<PAGE>      PAGE  106
025 B001606 13-3224016
025 C001606 E
025 D001606    2485
025 A001607 DELETE
025 D001607       0
025 D001608       0
028 A011600     31063
028 A021600         0
028 A031600         0
028 A041600     26094
028 B011600     25456
028 B021600         0
028 B031600         0
028 B041600     39561
028 C011600     36464
028 C021600      2073
028 C031600         0
028 C041600     29525
028 D011600     35105
028 D021600         1
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028 D041600     42827
028 E011600     29211
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028 E031600         0
028 E041600     34091
028 F011600     32383
028 F021600      1954
028 F031600         0
028 F041600     39637
028 G011600    189682
028 G021600      4028
028 G031600         0
028 G041600    211735
028 H001600         0
029  001600 N
030 A001600      0
030 B001600  0.00
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031 A001600      0
031 B001600      0
032  001600      0
033  001600      0
037  001600 N
038  001600      0
039  001600 N
040  001600 N
041  001600 N
042 A001600   0
042 B001600   0
042 C001600   0
<PAGE>      PAGE  107
042 D001600   0
042 E001600   0
042 F001600   0
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049  001600 N
050  001600 N
051  001600 N
052  001600 N
053 A001600 N
054 A001600 Y
054 B001600 N
054 C001600 N
054 D001600 N
054 E001600 N
054 F001600 N
054 G001600 N
054 H001600 Y
054 I001600 N
054 J001600 Y
054 K001600 N
054 L001600 N
054 M001600 N
<PAGE>      PAGE  108
054 N001600 N
054 O001600 N
058 A001600 N
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060 A001600 Y
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066 D001600 N
066 E001600 N
066 F001600 N
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068 A001600 N
068 B001600 N
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070 A011600 N
070 A021600 N
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070 B021600 N
070 C011600 Y
070 C021600 N
070 D011600 Y
070 D021600 N
070 E011600 Y
070 E021600 N
070 F011600 Y
070 F021600 Y
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<PAGE>      PAGE  109
070 G021600 N
070 H011600 Y
070 H021600 N
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070 I021600 N
070 J011600 Y
070 J021600 N
070 K011600 Y
070 K021600 Y
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070 M021600 N
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070 O021600 N
070 P011600 Y
070 P021600 N
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070 Q021600 N
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<PAGE>      PAGE  110
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<PAGE>      PAGE  111
008 D031701 98402
008 A001702 JACOBS LEVY EQUITY MANAGEMENT, INC.
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008 D011702 ROSELAND
008 D021702 NJ
008 D031702 07068
008 A001703 FRANKLIN PORTFOLIO ASSOCIATES, LLC
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008 D021705 CA
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025 A001704 LEHMAN BROTHERS, INC.
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025 C001704 E
025 D001704    6979
025 A001705 JP MORGAN, INC.
025 B001705 13-3224016
025 C001705 E
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025 A001706 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
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<PAGE>      PAGE  112
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037  001700 N
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039  001700 N
040  001700 Y
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<PAGE>      PAGE  113
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051  001700 N
052  001700 N
053 A001700 N
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054 B001700 N
054 C001700 N
054 D001700 N
054 E001700 N
054 F001700 N
054 G001700 N
054 H001700 Y
054 I001700 N
054 J001700 Y
054 K001700 N
054 L001700 N
054 M001700 N
054 N001700 N
054 O001700 N
058 A001700 N
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<PAGE>      PAGE  114
060 A001700 Y
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066 D001700 N
066 E001700 N
066 F001700 N
066 G001700 Y
067  001700 N
068 A001700 N
068 B001700 N
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070 A011700 N
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070 B021700 N
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070 C021700 N
070 D011700 Y
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070 E011700 Y
070 E021700 N
070 F011700 Y
070 F021700 Y
070 G011700 Y
070 G021700 N
070 H011700 Y
070 H021700 N
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<PAGE>      PAGE  115
070 I021700 N
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070 J021700 N
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070 K021700 Y
070 L011700 Y
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<PAGE>      PAGE  116
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<PAGE>      PAGE  117
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<PAGE>      PAGE  118
038  001800      0
039  001800 N
040  001800 N
041  001800 N
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051  001800 N
052  001800 N
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053 C001800 N
054 A001800 Y
054 B001800 N
054 C001800 N
054 D001800 N
<PAGE>      PAGE  119
054 E001800 N
054 F001800 N
054 G001800 N
054 H001800 Y
054 I001800 N
054 J001800 Y
054 K001800 N
054 L001800 N
054 M001800 N
054 N001800 N
054 O001800 N
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068 B001800 N
069  001800 N
070 A011800 N
070 A021800 N
070 B011800 N
070 B021800 N
070 C011800 N
070 C021800 N
070 D011800 N
070 D021800 N
<PAGE>      PAGE  120
070 E011800 N
070 E021800 N
070 F011800 N
070 F021800 N
070 G011800 N
070 G021800 N
070 H011800 N
070 H021800 N
070 I011800 N
070 I021800 N
070 J011800 Y
070 J021800 N
070 K011800 Y
070 K021800 N
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070 L021800 N
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070 O021800 N
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<PAGE>      PAGE  121
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<PAGE>      PAGE  122
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<PAGE>      PAGE  123
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<PAGE>      PAGE  124
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<PAGE>      PAGE  125
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066 F001900 N
066 G001900 Y
067  001900 N
068 A001900 N
068 B001900 N
069  001900 N
070 A011900 Y
070 A021900 N
070 B011900 Y
070 B021900 N
070 C011900 Y
070 C021900 N
070 D011900 Y
070 D021900 N
070 E011900 Y
070 E021900 N
070 F011900 Y
070 F021900 N
070 G011900 Y
070 G021900 N
070 H011900 Y
070 H021900 N
070 I011900 N
070 I021900 N
070 J011900 Y
070 J021900 N
070 K011900 Y
070 K021900 Y
070 L011900 Y
070 L021900 N
070 M011900 Y
070 M021900 N
070 N011900 Y
070 N021900 N
070 O011900 Y
070 O021900 N
070 P011900 Y
070 P021900 N
070 Q011900 Y
070 Q021900 N
070 R011900 Y
070 R021900 N
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<PAGE>      PAGE  126
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072 A001900 10
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072 P001900        0
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072 R001900       54
072 S001900        8
072 T001900       16
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072DD021900      266
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073 B001900   0.0000
073 C001900   0.0000
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074 C001900    33152
074 D001900        0
074 E001900        0
074 F001900   658494
074 G001900        0
074 H001900        0
074 I001900        0
074 J001900     2146
074 K001900        0
<PAGE>      PAGE  127
074 L001900     1382
074 M001900        6
074 N001900   695180
074 O001900    11681
074 P001900      728
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074 R011900        0
074 R021900        0
074 R031900        0
074 R041900      755
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075 B001900   662879
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008 A002001 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
008 B002001 A
008 C002001 801-17141
008 D012001 TACOMA
008 D022001 WA
008 D032001 98402
008 A002002 LAZARD ASSET MANAGEMENT
008 B002002 S
008 C002002 801-6568
008 D012002 NEW YORK
008 D022002 NY
008 D032002 10112
008 D042002 6300
008 A002003 MILLER ANDERSON & SHERRERD
008 B002003 S
008 C002003 801-10437
008 D012003 WEST CONSHOHOCKEN
008 D022003 PA
008 D032003 19428
008 A002004 PACIFIC INVESTMENT MANAGEMENT CO.
008 B002004 S
008 C002004 801-48187
008 D012004 NEWPORT BEACH
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008 A002005 STANDISH, AYER & WOOD, INC.
008 B002005 S
008 C002005 801-584
008 D012005 BOSTON
<PAGE>      PAGE  128
008 D022005 MA
008 D032005 02111
024  002000 Y
025 A002001 GOLDMAN SACHS & CO.
025 B002001 13-5108880
025 C002001 D
025 D002001    5743
025 A002002 LEHMAN BROTHERS, INC.
025 B002002 13-2518466
025 C002002 D
025 D002002    7048
025 A002003 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
025 B002003 135674085
025 C002003 D
025 D002003    4320
025 A002004 MORGAN STANLEY & CO., INC.
025 B002004 13-2655998
025 C002004 D
025 D002004    2951
025 A002005 DELETE
025 D002005       0
025 A002006 DELETE
025 D002006       0
025 A002007 DELETE
025 D002007       0
025 A002008 DELETE
025 D002008       0
025 D002009       0
025 D002010       0
025 D002011       0
025 D002012       0
025 D002013       0
025 D002014       0
025 D002015       0
025 D002016       0
028 A012000     11351
028 A022000         0
028 A032000         0
028 A042000     13454
028 B012000     32860
028 B022000         0
028 B032000         0
028 B042000     10007
028 C012000     22572
028 C022000      7218
028 C032000         0
028 C042000     19138
028 D012000      5499
028 D022000         0
028 D032000         0
028 D042000     17683
<PAGE>      PAGE  129
028 E012000      4780
028 E022000         0
028 E032000         0
028 E042000     16153
028 F012000      7771
028 F022000      8004
028 F032000         0
028 F042000     29415
028 G012000     84833
028 G022000     15222
028 G032000         0
028 G042000    105850
028 H002000         0
029  002000 N
030 A002000      0
030 B002000  0.00
030 C002000  0.00
031 A002000      0
031 B002000      0
032  002000      0
033  002000      0
037  002000 N
038  002000      0
039  002000 N
040  002000 N
041  002000 N
042 A002000   0
042 B002000   0
042 C002000   0
042 D002000   0
042 E002000   0
042 F002000   0
042 G002000   0
042 H002000   0
043  002000      0
044  002000      0
045  002000 Y
046  002000 N
047  002000 Y
048  002000  0.500
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048 A022000 0.000
048 B012000        0
048 B022000 0.000
048 C012000        0
048 C022000 0.000
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048 D022000 0.000
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048 E022000 0.000
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<PAGE>      PAGE  130
048 F022000 0.000
048 G012000        0
048 G022000 0.000
048 H012000        0
048 H022000 0.000
048 I012000        0
048 I022000 0.000
048 J012000        0
048 J022000 0.000
048 K012000        0
048 K022000 0.000
049  002000 N
050  002000 N
051  002000 N
052  002000 N
053 A002000 N
054 A002000 Y
054 B002000 N
054 C002000 N
054 D002000 N
054 E002000 N
054 F002000 N
054 G002000 N
054 H002000 Y
054 I002000 N
054 J002000 Y
054 K002000 N
054 L002000 N
054 M002000 N
054 N002000 N
054 O002000 N
058 A002000 N
059  002000 Y
060 A002000 Y
060 B002000 Y
061  002000   250000
062 A002000 Y
062 B002000   0.0
062 C002000   0.0
062 D002000   0.0
062 E002000   0.0
062 F002000   0.0
062 G002000   0.0
062 H002000   0.0
062 I002000   0.0
062 J002000   0.0
062 K002000   0.0
062 L002000  10.3
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062 N002000   5.4
062 O002000   0.0
<PAGE>      PAGE  131
062 P002000  31.8
062 Q002000  39.9
062 R002000   0.5
063 A002000   0
063 B002000 10.4
064 A002000 Y
064 B002000 N
066 A002000 N
067  002000 N
068 A002000 N
068 B002000 N
069  002000 N
070 A012000 Y
070 A022000 N
070 B012000 Y
070 B022000 N
070 C012000 Y
070 C022000 Y
070 D012000 Y
070 D022000 N
070 E012000 Y
070 E022000 Y
070 F012000 Y
070 F022000 N
070 G012000 Y
070 G022000 N
070 H012000 Y
070 H022000 N
070 I012000 N
070 I022000 N
070 J012000 Y
070 J022000 N
070 K012000 Y
070 K022000 Y
070 L012000 Y
070 L022000 Y
070 M012000 Y
070 M022000 Y
070 N012000 Y
070 N022000 N
070 O012000 Y
070 O022000 N
070 P012000 Y
070 P022000 N
070 Q012000 Y
070 Q022000 N
070 R012000 Y
070 R022000 N
071 A002000    599403
071 B002000    568714
071 C002000    526206
<PAGE>      PAGE  132
071 D002000  108
072 A002000 10
072 B002000    27475
072 C002000     2370
072 D002000        0
072 E002000        0
072 F002000     2009
072 G002000      200
072 H002000        0
072 I002000      247
072 J002000      415
072 K002000        0
072 L002000        0
072 M002000       11
072 N002000       62
072 O002000        0
072 P002000        0
072 Q002000        0
072 R002000       43
072 S002000        5
072 T002000        0
072 U002000        0
072 V002000        0
072 W002000       40
072 X002000     3032
072 Y002000       39
072 Z002000    26852
072AA002000    13191
072BB002000    15061
072CC012000     7565
072CC022000        0
072DD012000    22787
072DD022000      665
072EE002000        0
073 A012000   0.4700
073 A022000   0.3100
073 B002000   0.0000
073 C002000   0.0000
074 A002000     1592
074 B002000        0
074 C002000    49968
074 D002000   552551
074 E002000     2312
074 F002000        0
074 G002000        0
074 H002000      263
074 I002000        0
074 J002000    16851
074 K002000        0
074 L002000     6680
074 M002000      474
<PAGE>      PAGE  133
074 N002000   630691
074 O002000   146221
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074 R042000     1143
074 S002000        0
074 T002000   482870
074 U012000    46723
074 U022000     2187
074 V012000     9.76
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074 W002000   0.0000
074 X002000     1944
074 Y002000      356
075 A002000        0
075 B002000   499970
076  002000     0.00
008 A002101 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
008 B002101 A
008 C002101 801-17141
008 D012101 TACOMA
008 D022101 WA
008 D032101 98402
008 A002102 SANFORD C. BERSTEIN & CO., INC.
008 B002102 S
008 C002102 801-10488
008 D012102 NEW YORK
008 D022102 NY
008 D032102 10153
008 A002103 GENESIS ASSET MANAGERS LTD.
008 B002103 S
008 C002103 801-37830
008 D012103 LONDON
008 D052103 ENGLAND
008 D062103 SW1X7LY
008 A002104 SCHRODER INVESTMENT MANAGEMENT N.A. LTD.
008 B002104 S
008 C002104 801-37163
008 D012104 NEW YORK
008 D052104 NY
008 A002105 FOREIGN & COLONIAL EMERGING MARKETS LTD.
008 B002105 S
008 C002105 801-40119
008 D012105 LONDON
008 D052105 UK
008 D062105 EC2A2NY
008 A002106 NICHOLAS APPLEGATE CAPITAL MANAGEMENT
008 B002106 S
<PAGE>      PAGE  134
008 C002106 801-21442
008 D012106 SAN DIEGO
008 D022106 CA
008 D032106 92101
008 A002107 DELETE
008 A002108 DELETE
024  002100 N
025 A002101 DELETE
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025 D002102       0
025 D002103       0
025 D002104       0
025 D002105       0
025 D002106       0
025 D002107       0
025 D002108       0
028 A012100     13497
028 A022100         0
028 A032100         0
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028 B012100     12940
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028 C012100     11352
028 C022100         0
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028 C042100      6933
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028 F032100         0
028 F042100      9950
028 G012100     77321
028 G022100         0
028 G032100         0
028 G042100     52746
028 H002100         0
029  002100 N
030 A002100      0
030 B002100  0.00
030 C002100  0.00
031 A002100      0
031 B002100      0
<PAGE>      PAGE  135
032  002100      0
033  002100      0
037  002100 Y
038  002100      0
039  002100 N
040  002100 Y
041  002100 Y
042 A002100   0
042 B002100   0
042 C002100 100
042 D002100   0
042 E002100   0
042 F002100   0
042 G002100   0
042 H002100   0
043  002100     13
044  002100      0
045  002100 Y
046  002100 N
047  002100 Y
048  002100  1.150
048 A012100        0
048 A022100 0.000
048 B012100        0
048 B022100 0.000
048 C012100        0
048 C022100 0.000
048 D012100        0
048 D022100 0.000
048 E012100        0
048 E022100 0.000
048 F012100        0
048 F022100 0.000
048 G012100        0
048 G022100 0.000
048 H012100        0
048 H022100 0.000
048 I012100        0
048 I022100 0.000
048 J012100        0
048 J022100 0.000
048 K012100        0
048 K022100 0.000
049  002100 N
050  002100 N
051  002100 N
052  002100 N
053 A002100 N
054 A002100 Y
054 B002100 N
054 C002100 N
<PAGE>      PAGE  136
054 D002100 N
054 E002100 N
054 F002100 N
054 G002100 N
054 H002100 Y
054 I002100 N
054 J002100 Y
054 K002100 N
054 L002100 N
054 M002100 N
054 N002100 N
054 O002100 N
058 A002100 N
059  002100 Y
060 A002100 Y
060 B002100 Y
061  002100     1000
062 A002100 N
062 B002100   0.0
062 C002100   0.0
062 D002100   0.0
062 E002100   0.0
062 F002100   0.0
062 G002100   0.0
062 H002100   0.0
062 I002100   0.0
062 J002100   0.0
062 K002100   0.0
062 L002100   0.0
062 M002100   0.0
062 N002100   0.0
062 O002100   0.0
062 P002100   0.0
062 Q002100   0.0
062 R002100   0.0
063 A002100   0
063 B002100  0.0
066 A002100 Y
066 B002100 N
066 C002100 N
066 D002100 N
066 E002100 N
066 F002100 N
066 G002100 Y
067  002100 N
068 A002100 N
068 B002100 Y
069  002100 N
070 A012100 Y
070 A022100 N
070 B012100 Y
<PAGE>      PAGE  137
070 B022100 N
070 C012100 Y
070 C022100 N
070 D012100 Y
070 D022100 N
070 E012100 Y
070 E022100 N
070 F012100 Y
070 F022100 N
070 G012100 Y
070 G022100 N
070 H012100 Y
070 H022100 N
070 I012100 N
070 I022100 N
070 J012100 Y
070 J022100 N
070 K012100 Y
070 K022100 Y
070 L012100 Y
070 L022100 Y
070 M012100 Y
070 M022100 Y
070 N012100 Y
070 N022100 N
070 O012100 Y
070 O022100 N
070 P012100 Y
070 P022100 N
070 Q012100 Y
070 Q022100 N
070 R012100 Y
070 R022100 N
071 A002100    336465
071 B002100    294760
071 C002100    403192
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072 A002100 10
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072 H002100        0
072 I002100     1151
072 J002100     1164
072 K002100        0
072 L002100        0
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072 N002100       72
<PAGE>      PAGE  138
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072 Z002100       91
072AA002100    61472
072BB002100    54584
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074 D002100       64
074 E002100    30217
074 F002100   318448
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074 H002100        0
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074 K002100        7
074 L002100     2355
074 M002100     2472
074 N002100   373509
074 O002100     4448
074 P002100      602
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074 V022100     9.24
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<PAGE>      PAGE  139
074 X002100    20147
074 Y002100        0
075 A002100        0
075 B002100   429295
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008 A002201 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
008 B002201 A
008 C002201 801-17141
008 D012201 TACOMA
008 D022201 WA
008 D032201 98402
008 A002202 LAZARD ASSET MANAGEMENT
008 B002202 S
008 C002202 801-6568
008 D012202 NEW YORK
008 D022202 NY
008 D032202 10112
008 D042202 6300
008 A002203 MILLER ANDERSON & SHERRERD
008 B002203 S
008 C002203 801-N/A
008 D012203 WEST CONSHOHOCKEN
008 D022203 PA
008 D032203 19428
008 A002204 PACIFIC INVESTMENT MANAGEMENT CO.
008 B002204 S
008 C002204 801-48187
008 D012204 NEWPORT BEACH
008 D022204 CA
008 D032204 92660
008 A002205 STANDISH, AYER & WOOD, INC.
008 B002205 S
008 C002205 801-584
008 D012205 BOSTON
008 D022205 MA
008 D032205 02111
024  002200 Y
025 A002201 GOLDMAN SACHS & CO.
025 B002201 13-5108880
025 C002201 D
025 D002201    5546
025 A002202 LEHMAN BROTHERS, INC.
025 B002202 13-2518466
025 C002202 D
025 D002202    8682
025 A002203 CREDIT SUISSE FIRST BOSTON, INC.
025 B002203 13-5659485
025 C002203 D
025 D002203     578
025 A002204 MORGAN STANLEY & CO., INC.
025 B002204 13-2688998
<PAGE>      PAGE  140
025 C002204 D
025 D002204    2946
025 A002205 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
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025 C002205 D
025 D002205    6491
025 A002206 DELETE
025 D002206       0
025 A002207 DELETE
025 D002207       0
025 A002208 DELETE
025 D002208       0
025 A002209 DELETE
025 D002209       0
025 D002210       0
025 D002211       0
025 D002212       0
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025 D002214       0
025 D002215       0
025 D002216       0
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028 B022200      2229
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028 C022200      2026
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028 D022200      2683
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028 D042200      6771
028 E012200     10102
028 E022200      2260
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028 E042200     10811
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028 F022200      2010
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028 F042200     15532
028 G012200     80568
028 G022200     13629
028 G032200         0
028 G042200     78292
028 H002200         0
029  002200 N
<PAGE>      PAGE  141
030 A002200      0
030 B002200  0.00
030 C002200  0.00
031 A002200      0
031 B002200      0
032  002200      0
033  002200      0
037  002200 N
038  002200      0
039  002200 N
040  002200 Y
041  002200 Y
042 A002200   0
042 B002200   0
042 C002200 100
042 D002200   0
042 E002200   0
042 F002200   0
042 G002200   0
042 H002200   0
043  002200     53
044  002200      0
045  002200 Y
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047  002200 Y
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048 B012200        0
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048 F022200 0.000
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048 H022200 0.000
048 I012200        0
048 I022200 0.000
048 J012200        0
048 J022200 0.000
048 K012200        0
048 K022200 0.000
049  002200 N
050  002200 N
051  002200 N
<PAGE>      PAGE  142
052  002200 N
053 A002200 Y
053 B002200 Y
053 C002200 N
054 A002200 Y
054 B002200 N
054 C002200 N
054 D002200 N
054 E002200 N
054 F002200 N
054 G002200 N
054 H002200 Y
054 I002200 N
054 J002200 Y
054 K002200 N
054 L002200 N
054 M002200 N
054 N002200 N
054 O002200 N
058 A002200 N
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060 A002200 Y
060 B002200 Y
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063 A002200   0
063 B002200 10.2
064 A002200 Y
064 B002200 N
066 A002200 N
067  002200 N
068 A002200 N
068 B002200 N
069  002200 N
<PAGE>      PAGE  143
070 A012200 Y
070 A022200 N
070 B012200 Y
070 B022200 N
070 C012200 Y
070 C022200 Y
070 D012200 Y
070 D022200 N
070 E012200 Y
070 E022200 Y
070 F012200 Y
070 F022200 N
070 G012200 Y
070 G022200 N
070 H012200 Y
070 H022200 N
070 I012200 N
070 I022200 N
070 J012200 Y
070 J022200 N
070 K012200 Y
070 K022200 Y
070 L012200 Y
070 L022200 Y
070 M012200 Y
070 M022200 Y
070 N012200 Y
070 N022200 N
070 O012200 Y
070 O022200 N
070 P012200 Y
070 P022200 N
070 Q012200 Y
070 Q022200 N
070 R012200 Y
070 R022200 N
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<PAGE>      PAGE  144
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<PAGE>      PAGE  145
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<PAGE>      PAGE  146
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<PAGE>      PAGE  147
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<PAGE>      PAGE  148
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<PAGE>      PAGE  149
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<PAGE>      PAGE  150
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<PAGE>      PAGE  151
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<PAGE>      PAGE  152
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<PAGE>      PAGE  153
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<PAGE>      PAGE  154
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<PAGE>      PAGE  155
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008 C002501 801-17141
008 D012501 TACOMA
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008 D032501 98402
<PAGE>      PAGE  156
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<PAGE>      PAGE  157
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<PAGE>      PAGE  158
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<PAGE>      PAGE  159
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<PAGE>      PAGE  161
008 A002601 FRANK RUSSELL INVESTMENT MANAGEMENT CO.
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008 C002601 801-17141
008 D012601 TACOMA
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<PAGE>      PAGE  162
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<PAGE>      PAGE  163
054 C002600 N
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<PAGE>      PAGE  164
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<PAGE>      PAGE  165
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<PAGE>      PAGE  166
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<PAGE>      PAGE  167
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050  002700 N
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<PAGE>      PAGE  168
052  002700 N
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<PAGE>      PAGE  169
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<PAGE>      PAGE  170
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<PAGE>      PAGE  171
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<PAGE>      PAGE  172
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<PAGE>      PAGE  173
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<PAGE>      PAGE  174
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<PAGE>      PAGE  175
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SIGNATURE   MARK SWANSON
TITLE       TREASURER




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