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<PAGE> PAGE 12
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056 001000 Y
057 001000 N
062 A001000 N
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
<PAGE> PAGE 21
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 Y
066 E001000 N
066 F001000 N
066 G001000 N
067 001000 N
068 A001000 N
068 B001000 Y
069 001000 N
070 A011000 Y
070 A021000 Y
070 B011000 N
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 Y
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 Y
<PAGE> PAGE 22
070 M011000 Y
070 M021000 Y
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 Y
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 Y
070 R021000 N
071 A001000 2627
071 B001000 7891
071 C001000 32502
071 D001000 8
072 A001000 6
072 B001000 10
072 C001000 176
072 D001000 0
072 E001000 0
072 F001000 72
072 G001000 20
072 H001000 0
072 I001000 53
072 J001000 20
072 K001000 0
072 L001000 17
072 M001000 13
072 N001000 17
072 O001000 0
072 P001000 11
072 Q001000 0
072 R001000 15
072 S001000 5
072 T001000 61
072 U001000 0
072 V001000 0
072 W001000 2
072 X001000 306
072 Y001000 0
072 Z001000 -120
072AA001000 0
072BB001000 9
072CC011000 4997
072CC021000 0
072DD011000 0
072DD021000 0
072EE001000 0
073 A011000 0.0000
073 A021000 0.0000
<PAGE> PAGE 23
073 B001000 0.0000
073 C001000 0.0000
074 A001000 0
074 B001000 0
074 C001000 0
074 D001000 0
074 E001000 0
074 F001000 0
074 G001000 0
074 H001000 0
074 I001000 0
074 J001000 0
074 K001000 0
074 L001000 0
074 M001000 0
074 N001000 0
074 O001000 0
074 P001000 0
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 0
074 S001000 0
074 T001000 0
074 U011000 0
074 U021000 0
074 V011000 0.00
074 V021000 0.00
074 W001000 0.0000
074 X001000 0
074 Y001000 0
075 A001000 32957
075 B001000 0
076 001000 0.00
062 A001100 N
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
<PAGE> PAGE 24
062 Q001100 0.0
062 R001100 0.0
071 A001100 0
071 B001100 0
071 C001100 0
071 D001100 0
072 A001100 6
072 B001100 0
072 C001100 0
072 D001100 0
072 E001100 0
072 F001100 0
072 G001100 0
072 H001100 0
074 A001100 0
074 B001100 0
074 C001100 0
074 D001100 0
074 E001100 0
074 F001100 0
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 0
074 K001100 0
074 L001100 0
074 M001100 0
074 N001100 0
074 O001100 0
074 P001100 0
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 0
074 S001100 0
074 T001100 0
074 U011100 0
074 U021100 0
074 V011100 0.00
074 V021100 0.00
074 W001100 0.0000
074 X001100 0
074 Y001100 0
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
<PAGE> PAGE 25
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
071 A001200 0
071 B001200 0
071 C001200 0
071 D001200 0
072 A001200 6
072 B001200 0
072 C001200 0
072 D001200 0
072 E001200 0
072 F001200 0
072 G001200 0
072 H001200 0
074 A001200 0
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
074 S001200 0
074 T001200 0
074 U011200 0
074 U021200 0
074 V011200 0.00
074 V021200 0.00
074 W001200 0.0000
<PAGE> PAGE 26
074 X001200 0
074 Y001200 0
SIGNATURE CHRISTINA HAAGE
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> SB INVESTMENT GRADE BOND - CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 437,081,361
<INVESTMENTS-AT-VALUE> 463,455,071
<RECEIVABLES> 11,232,993
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 34,102
<TOTAL-ASSETS> 474,722,166
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,049,854
<TOTAL-LIABILITIES> 5,049,854
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 442,753,582
<SHARES-COMMON-STOCK> 16,532,327
<SHARES-COMMON-PRIOR> 16,997,989
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 899,653
<ACCUMULATED-NET-GAINS> 1,444,673
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 26,373,710
<NET-ASSETS> 469,672,312
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 18,241,353
<OTHER-INCOME> 0
<EXPENSES-NET> 2,962,263
<NET-INVESTMENT-INCOME> 15,279,090
<REALIZED-GAINS-CURRENT> 2,304,273
<APPREC-INCREASE-CURRENT> 67,903,102
<NET-CHANGE-FROM-OPS> 85,486,465
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 7,452,794
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 512,836
<NUMBER-OF-SHARES-REDEEMED> 1,456,182
<SHARES-REINVESTED> 477,684
<NET-CHANGE-IN-ASSETS> 66,219,616
<ACCUMULATED-NII-PRIOR> (859,600)
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 972,709
<INTEREST-EXPENSE> 36,710
<GROSS-EXPENSE> 2,962,263
<AVERAGE-NET-ASSETS> 435,897,838
<PER-SHARE-NAV-BEGIN> 10.67
<PER-SHARE-NII> 0.42
<PER-SHARE-GAIN-APPREC> 1.84
<PER-SHARE-DIVIDEND> 0.44
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.49
<EXPENSE-RATIO> 1.07
<AVG-DEBT-OUTSTANDING> 1,196,685
<AVG-DEBT-PER-SHARE> 0.03
<ARTICLE> 6
<SERIES>
[NUMBER] 2
<NAME> SB INVESTMENT GRADE BOND - CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1995
[INVESTMENTS-AT-COST] 437,081,361
[INVESTMENTS-AT-VALUE] 463,455,071
[RECEIVABLES] 11,232,993
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 34,102
[TOTAL-ASSETS] 474,722,166
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 5,049,854
[TOTAL-LIABILITIES] 5,049,854
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 442,753,582
[SHARES-COMMON-STOCK] 20,918,506
[SHARES-COMMON-PRIOR] 20,725,884
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 899,653
[ACCUMULATED-NET-GAINS] 1,444,673
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 26,373,710
[NET-ASSETS] 469,672,312
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 18,241,353
[OTHER-INCOME] 0
[EXPENSES-NET] 2,962,263
[NET-INVESTMENT-INCOME] 15,279,090
[REALIZED-GAINS-CURRENT] 2,304,273
[APPREC-INCREASE-CURRENT] 67,903,102
[NET-CHANGE-FROM-OPS] 85,486,465
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 8,675,204
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,675,566
[NUMBER-OF-SHARES-REDEEMED] 2,979,484
[SHARES-REINVESTED] 496,540
[NET-CHANGE-IN-ASSETS] 66,219,616
[ACCUMULATED-NII-PRIOR] (859,600)
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 972,709
[INTEREST-EXPENSE] 36,710
[GROSS-EXPENSE] 2,962,263
[AVERAGE-NET-ASSETS] 435,897,838
[PER-SHARE-NAV-BEGIN] 10.67
[PER-SHARE-NII] 0.39
[PER-SHARE-GAIN-APPREC] 1.84
[PER-SHARE-DIVIDEND] 0.41
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 12.49
[EXPENSE-RATIO] 1.57
[AVG-DEBT-OUTSTANDING] 1,196,685
[AVG-DEBT-PER-SHARE] 0.03
<ARTICLE> 6
<SERIES>
[NUMBER] 2
<NAME> SB INVESTMENT GRADE BOND - CLASS C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1995
[INVESTMENTS-AT-COST] 437,081,361
[INVESTMENTS-AT-VALUE] 463,455,071
[RECEIVABLES] 11,232,993
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 34,102
[TOTAL-ASSETS] 474,722,166
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 5,049,854
[TOTAL-LIABILITIES] 5,049,854
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 442,753,582
[SHARES-COMMON-STOCK] 144,689
[SHARES-COMMON-PRIOR] 93,690
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 899,653
[ACCUMULATED-NET-GAINS] 1,444,673
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 26,373,710
[NET-ASSETS] 469,672,312
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 18,241,353
[OTHER-INCOME] 0
[EXPENSES-NET] 2,962,263
[NET-INVESTMENT-INCOME] 15,279,090
[REALIZED-GAINS-CURRENT] 2,304,273
[APPREC-INCREASE-CURRENT] 67,903,102
[NET-CHANGE-FROM-OPS] 85,486,465
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 50,745
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 117,733
[NUMBER-OF-SHARES-REDEEMED] 69,937
[SHARES-REINVESTED] 3,203
[NET-CHANGE-IN-ASSETS] 66,219,616
[ACCUMULATED-NII-PRIOR] (859,600)
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 972,709
[INTEREST-EXPENSE] 36,710
[GROSS-EXPENSE] 2,962,263
[AVERAGE-NET-ASSETS] 435,897,838
[PER-SHARE-NAV-BEGIN] 10.67
[PER-SHARE-NII] 0.41
[PER-SHARE-GAIN-APPREC] 1.82
[PER-SHARE-DIVIDEND] 0.41
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 12.49
[EXPENSE-RATIO] 1.51
[AVG-DEBT-OUTSTANDING] 1,196,685
[AVG-DEBT-PER-SHARE] 0.03
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> SB SPECIAL EQUITIES - CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 155,172,533
<INVESTMENTS-AT-VALUE> 215,529,792
<RECEIVABLES> 4,235,152
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 219,764,944
<PAYABLE-FOR-SECURITIES> 4,023,760
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 476,638
<TOTAL-LIABILITIES> 4,500,398
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 154,109,681
<SHARES-COMMON-STOCK> 4,831,957
<SHARES-COMMON-PRIOR> 5,289,999
<ACCUMULATED-NII-CURRENT> (1,240,026)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,037,632
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 60,357,259
<NET-ASSETS> 215,264,546
<DIVIDEND-INCOME> 100,625
<INTEREST-INCOME> 399,330
<OTHER-INCOME> 0
<EXPENSES-NET> 1,739,981
<NET-INVESTMENT-INCOME> (1,240,026)
<REALIZED-GAINS-CURRENT> 7,900,064
<APPREC-INCREASE-CURRENT> 28,461,994
<NET-CHANGE-FROM-OPS> 35,122,032
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,986,997
<NUMBER-OF-SHARES-REDEEMED> 4,445,039
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 18,763,916
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (5,862,432)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 527,818
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,739,981
<AVERAGE-NET-ASSETS> 193,524,286
<PER-SHARE-NAV-BEGIN> 19.10
<PER-SHARE-NII> (0.08)
<PER-SHARE-GAIN-APPREC> 3.77
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 22.79
<EXPENSE-RATIO> 1.42
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
<ARTICLE> 6
<SERIES>
[NUMBER] 4
<NAME> SB SPECIAL EQUITIES - CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1995
[INVESTMENTS-AT-COST] 155,172,533
[INVESTMENTS-AT-VALUE] 215,529,792
[RECEIVABLES] 4,235,152
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 219,764,944
[PAYABLE-FOR-SECURITIES] 4,023,760
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 476,638
[TOTAL-LIABILITIES] 4,500,398
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 154,109,681
[SHARES-COMMON-STOCK] 4,582,896
[SHARES-COMMON-PRIOR] 4,989,720
[ACCUMULATED-NII-CURRENT] (1,240,026)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 2,037,632
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 60,357,259
[NET-ASSETS] 215,264,546
[DIVIDEND-INCOME] 100,625
[INTEREST-INCOME] 399,330
[OTHER-INCOME] 0
[EXPENSES-NET] 1,739,981
[NET-INVESTMENT-INCOME] (1,240,026)
[REALIZED-GAINS-CURRENT] 7,900,064
[APPREC-INCREASE-CURRENT] 28,461,994
[NET-CHANGE-FROM-OPS] 35,122,032
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 961,570
[NUMBER-OF-SHARES-REDEEMED] 1,368,394
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 18,763,916
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (5,862,432)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 527,818
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,739,981
[AVERAGE-NET-ASSETS] 193,524,286
[PER-SHARE-NAV-BEGIN] 18.82
[PER-SHARE-NII] (0.18)
[PER-SHARE-GAIN-APPREC] 3.74
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 22.38
[EXPENSE-RATIO] 2.22
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
<ARTICLE> 6
<SERIES>
[NUMBER] 4
<NAME> SB SPECIAL EQUITIES - CLASS C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1995
[INVESTMENTS-AT-COST] 155,172,533
[INVESTMENTS-AT-VALUE] 215,529,792
[RECEIVABLES] 4,235,152
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 219,764,944
[PAYABLE-FOR-SECURITIES] 4,023,760
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 476,638
[TOTAL-LIABILITIES] 4,500,398
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 154,109,681
[SHARES-COMMON-STOCK] 114,482
[SHARES-COMMON-PRIOR] 81,175
[ACCUMULATED-NII-CURRENT] (1,240,026)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 2,037,632
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 60,357,259
[NET-ASSETS] 215,264,546
[DIVIDEND-INCOME] 100,625
[INTEREST-INCOME] 399,330
[OTHER-INCOME] 0
[EXPENSES-NET] 1,739,981
[NET-INVESTMENT-INCOME] (1,240,026)
[REALIZED-GAINS-CURRENT] 7,900,064
[APPREC-INCREASE-CURRENT] 28,461,994
[NET-CHANGE-FROM-OPS] 35,122,032
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 79,931
[NUMBER-OF-SHARES-REDEEMED] 46,624
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 18,763,916
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (5,862,432)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 527,818
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,739,981
[AVERAGE-NET-ASSETS] 193,524,286
[PER-SHARE-NAV-BEGIN] 18.82
[PER-SHARE-NII] (0.12)
[PER-SHARE-GAIN-APPREC] 3.68
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 22.38
[EXPENSE-RATIO] 2.05
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> SB GOVERNMENT SECURITIES - CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 654,645,528
<INVESTMENTS-AT-VALUE> 678,058,134
<RECEIVABLES> 239,873,224
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 917,931,358
<PAYABLE-FOR-SECURITIES> 229,025,215
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49,335,296
<TOTAL-LIABILITIES> 278,360,511
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,234,022,964
<SHARES-COMMON-STOCK> 48,741,014
<SHARES-COMMON-PRIOR> 52,579,944
<ACCUMULATED-NII-CURRENT> 4,000,612
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (621,865,335)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23,412,606
<NET-ASSETS> 639,570,847
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 27,085,345
<OTHER-INCOME> 0
<EXPENSES-NET> 4,141,872
<NET-INVESTMENT-INCOME> 22,943,473
<REALIZED-GAINS-CURRENT> 196,593
<APPREC-INCREASE-CURRENT> 26,840,772
<NET-CHANGE-FROM-OPS> 49,980,838
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 14,224,675
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 256,438
<NUMBER-OF-SHARES-REDEEMED> 5,075,723
<SHARES-REINVESTED> 980,355
<NET-CHANGE-IN-ASSETS> (16,184,878)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (622,061,928)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,119,381
<INTEREST-EXPENSE> 584,280
<GROSS-EXPENSE> 4,141,872
<AVERAGE-NET-ASSETS> 644,946,993
<PER-SHARE-NAV-BEGIN> 9.17
<PER-SHARE-NII> 0.34
<PER-SHARE-GAIN-APPREC> 0.40
<PER-SHARE-DIVIDEND> 0.28
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.63
<EXPENSE-RATIO> 0.98
<AVG-DEBT-OUTSTANDING> 24,376,346
<AVG-DEBT-PER-SHARE> 0.37
<ARTICLE> 6
<SERIES>
[NUMBER] 6
<NAME> SB GOVERNMENT SECURITIES - CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1995
[INVESTMENTS-AT-COST] 654,645,528
[INVESTMENTS-AT-VALUE] 678,058,134
[RECEIVABLES] 239,873,224
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 917,931,358
[PAYABLE-FOR-SECURITIES] 229,025,215
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 49,335,296
[TOTAL-LIABILITIES] 278,360,511
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,234,022,964
[SHARES-COMMON-STOCK] 17,608,978
[SHARES-COMMON-PRIOR] 18,824,589
[ACCUMULATED-NII-CURRENT] 4,000,612
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (621,865,335)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 23,412,606
[NET-ASSETS] 639,570,847
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 27,085,345
[OTHER-INCOME] 0
[EXPENSES-NET] 4,141,872
[NET-INVESTMENT-INCOME] 22,943,473
[REALIZED-GAINS-CURRENT] 196,593
[APPREC-INCREASE-CURRENT] 26,840,772
[NET-CHANGE-FROM-OPS] 49,980,838
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 4,698,128
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,127,624
[NUMBER-OF-SHARES-REDEEMED] 2,700,121
[SHARES-REINVESTED] 356,886
[NET-CHANGE-IN-ASSETS] (16,184,878)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (622,061,928)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,119,381
[INTEREST-EXPENSE] 584,280
[GROSS-EXPENSE] 4,141,872
[AVERAGE-NET-ASSETS] 644,946,993
[PER-SHARE-NAV-BEGIN] 9.17
[PER-SHARE-NII] 0.32
[PER-SHARE-GAIN-APPREC] 0.40
[PER-SHARE-DIVIDEND] 0.26
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.63
[EXPENSE-RATIO] 1.49
[AVG-DEBT-OUTSTANDING] 24,376,346
[AVG-DEBT-PER-SHARE] 0.37
<ARTICLE> 6
<SERIES>
[NUMBER] 6
<NAME> SB GOVERNMENT SECURITIES - CLASS C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1995
[INVESTMENTS-AT-COST] 654,645,528
[INVESTMENTS-AT-VALUE] 678,058,134
[RECEIVABLES] 239,873,224
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 917,931,358
[PAYABLE-FOR-SECURITIES] 229,025,215
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 49,335,296
[TOTAL-LIABILITIES] 278,360,511
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,234,022,964
[SHARES-COMMON-STOCK] 84,031
[SHARES-COMMON-PRIOR] 70,470
[ACCUMULATED-NII-CURRENT] 4,000,612
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (621,865,335)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 23,412,606
[NET-ASSETS] 639,570,847
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 27,085,345
[OTHER-INCOME] 0
[EXPENSES-NET] 4,141,872
[NET-INVESTMENT-INCOME] 22,943,473
[REALIZED-GAINS-CURRENT] 196,593
[APPREC-INCREASE-CURRENT] 26,840,772
[NET-CHANGE-FROM-OPS] 49,980,838
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 20,058
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 32,547
[NUMBER-OF-SHARES-REDEEMED] 20,827
[SHARES-REINVESTED] 1,841
[NET-CHANGE-IN-ASSETS] (16,184,878)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (622,061,928)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,119,381
[INTEREST-EXPENSE] 584,280
[GROSS-EXPENSE] 4,141,872
[AVERAGE-NET-ASSETS] 644,946,993
[PER-SHARE-NAV-BEGIN] 9.17
[PER-SHARE-NII] 0.32
[PER-SHARE-GAIN-APPREC] 0.40
[PER-SHARE-DIVIDEND] 0.26
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 9.63
[EXPENSE-RATIO] 1.38
[AVG-DEBT-OUTSTANDING] 24,376,346
[AVG-DEBT-PER-SHARE] 0.37
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> SB EUROPEAN - CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 517,734
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 176,000
<INTEREST-INCOME> 10,000
<OTHER-INCOME> 0
<EXPENSES-NET> 306,000
<NET-INVESTMENT-INCOME> (120,000)
<REALIZED-GAINS-CURRENT> (9,000)
<APPREC-INCREASE-CURRENT> 4,997,000
<NET-CHANGE-FROM-OPS> 4,868,000
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 517,734
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> (10,271)
<ACCUMULATED-GAINS-PRIOR> (1,253,910)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 72,000
<INTEREST-EXPENSE> 11,000
<GROSS-EXPENSE> 306,000
<AVERAGE-NET-ASSETS> 32,957,000
<PER-SHARE-NAV-BEGIN> 0.00
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 0.00
<EXPENSE-RATIO> 0.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
<ARTICLE> 6
<SERIES>
[NUMBER] 10
<NAME> SB EUROPEAN - CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1995
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 2,001,869
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 0
[DIVIDEND-INCOME] 176,000
[INTEREST-INCOME] 10,000
[OTHER-INCOME] 0
[EXPENSES-NET] 306,000
[NET-INVESTMENT-INCOME] (120,000)
[REALIZED-GAINS-CURRENT] (9,000)
[APPREC-INCREASE-CURRENT] 4,997,000
[NET-CHANGE-FROM-OPS] 4,868,000
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 0
[NUMBER-OF-SHARES-REDEEMED] 2,001,869
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 0
[ACCUMULATED-NII-PRIOR] (10,271)
[ACCUMULATED-GAINS-PRIOR] (1,253,910)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 72,000
[INTEREST-EXPENSE] 11,000
[GROSS-EXPENSE] 306,000
[AVERAGE-NET-ASSETS] 32,957,000
[PER-SHARE-NAV-BEGIN] 0.00
[PER-SHARE-NII] 0.00
[PER-SHARE-GAIN-APPREC] 0.00
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 0.00
[EXPENSE-RATIO] 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
<ARTICLE> 6
<SERIES>
[NUMBER] 10
<NAME> SB EUROPEAN - CLASS C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1995
[INVESTMENTS-AT-COST] 0
[INVESTMENTS-AT-VALUE] 0
[RECEIVABLES] 0
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 0
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 19
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 0
[DIVIDEND-INCOME] 176,000
[INTEREST-INCOME] 10,000
[OTHER-INCOME] 0
[EXPENSES-NET] 306,000
[NET-INVESTMENT-INCOME] (120,000)
[REALIZED-GAINS-CURRENT] (9,000)
[APPREC-INCREASE-CURRENT] 4,997,000
[NET-CHANGE-FROM-OPS] 4,868,000
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 0
[NUMBER-OF-SHARES-REDEEMED] 19
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 0
[ACCUMULATED-NII-PRIOR] (10,271)
[ACCUMULATED-GAINS-PRIOR] (1,253,910)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 72,000
[INTEREST-EXPENSE] 11,000
[GROSS-EXPENSE] 306,000
[AVERAGE-NET-ASSETS] 32,957,000
[PER-SHARE-NAV-BEGIN] 0.00
[PER-SHARE-NII] 0.00
[PER-SHARE-GAIN-APPREC] 0.00
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 0.00
[EXPENSE-RATIO] 0.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
