<PAGE> PAGE 1
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007 C010400 4
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007 C010500 5
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007 C010600 6
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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074 U020300 531
074 V010300 17.02
074 V020300 16.98
074 W000300 0.0000
074 X000300 3048
074 Y000300 0
075 A000300 0
075 B000300 120818
076 000300 0.00
008 A000401 NEW ENGLAND FUNDS MANAGEMENT, L.P.
008 B000401 A
008 C000401 801-48408
008 D010401 BOSTON
008 D020401 MA
008 D030401 02116
008 A000402 BACK BAY ADVISORS, L.P.
008 B000402 S
008 C000402 801-27694
008 D010402 BOSTON
008 D020402 MA
008 D030402 02116
024 000400 N
028 A010400 3422
028 A020400 924
028 A030400 0
<PAGE> PAGE 21
028 A040400 10237
028 B010400 7162
028 B020400 912
028 B030400 0
028 B040400 11118
028 C010400 7088
028 C020400 887
028 C030400 0
028 C040400 11489
028 D010400 9550
028 D020400 856
028 D030400 0
028 D040400 12593
028 E010400 6414
028 E020400 863
028 E030400 0
028 E040400 6780
028 F010400 12328
028 F020400 872
028 F030400 0
028 F040400 9293
028 G010400 45964
028 G020400 5314
028 G030400 0
028 G040400 61511
028 H000400 16408
029 000400 Y
030 A000400 226
030 B000400 3.00
030 C000400 0.00
031 A000400 28
031 B000400 0
032 000400 79
033 000400 119
034 000400 Y
035 000400 76
036 A000400 Y
036 B000400 0
037 000400 N
038 000400 0
039 000400 N
040 000400 Y
041 000400 Y
042 A000400 0
042 B000400 0
042 C000400 100
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
<PAGE> PAGE 22
043 000400 1052
044 000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.000
048 A010400 200000
048 A020400 0.650
048 B010400 300000
048 B020400 0.625
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 500000
048 K020400 0.600
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 N
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 2500
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.2
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 38.3
<PAGE> PAGE 23
062 N000400 48.2
062 O000400 0.0
062 P000400 0.0
062 Q000400 6.3
062 R000400 0.0
063 A000400 0
063 B000400 11.6
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 Y
070 C020400 Y
070 D010400 N
070 D020400 N
070 E010400 Y
070 E020400 Y
070 F010400 N
070 F020400 N
070 G010400 Y
070 G020400 Y
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 N
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400 3294104
<PAGE> PAGE 24
071 B000400 3332047
071 C000400 236605
071 D000400 1376
072 A000400 12
072 B000400 17568
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 1592
072 G000400 57
072 H000400 0
072 I000400 406
072 J000400 137
072 K000400 0
072 L000400 52
072 M000400 18
072 N000400 60
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 31
072 S000400 11
072 T000400 1052
072 U000400 0
072 V000400 0
072 W000400 9
072 X000400 3425
072 Y000400 0
072 Z000400 14143
072AA000400 1364
072BB000400 0
072CC010400 0
072CC020400 154
072DD010400 11989
072DD020400 857
072EE000400 0
073 A010400 0.6700
073 A020400 0.6000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 582
074 D000400 217490
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 14521
074 K000400 0
<PAGE> PAGE 25
074 L000400 3117
074 M000400 0
074 N000400 235710
074 O000400 0
074 P000400 14
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 200
074 R040400 1042
074 S000400 0
074 T000400 234454
074 U010400 16580
074 U020400 1550
074 V010400 11.70
074 V020400 11.69
074 W000400 0.0000
074 X000400 11054
074 Y000400 0
075 A000400 0
075 B000400 246718
076 000400 0.00
008 A000501 NEW ENGLAND FUNDS MANAGEMENT, L.P.
008 B000501 A
008 C000501 801-48408
008 D010501 BOSTON
008 D020501 MA
008 D030501 02116
008 A000502 BACK BAY ADVISORS, L.P.
008 B000502 S
008 C000502 801-27694
008 D010502 BOSTON
008 D020502 MA
008 D030502 02116
024 000500 N
028 A010500 6253
028 A020500 530
028 A030500 0
028 A040500 13333
028 B010500 8272
028 B020500 518
028 B030500 0
028 B040500 20705
028 C010500 10024
028 C020500 505
028 C030500 0
028 C040500 21116
028 D010500 5824
028 D020500 414
028 D030500 0
028 D040500 4121
<PAGE> PAGE 26
028 E010500 3054
028 E020500 405
028 E030500 0
028 E040500 32196
028 F010500 1514
028 F020500 245
028 F030500 0
028 F040500 31850
028 G010500 34941
028 G020500 2617
028 G030500 0
028 G040500 123321
028 H000500 26309
029 000500 Y
030 A000500 45
030 B000500 3.00
030 C000500 0.00
031 A000500 5
031 B000500 0
032 000500 16
033 000500 24
034 000500 Y
035 000500 22
036 A000500 Y
036 B000500 0
037 000500 N
038 000500 0
039 000500 N
040 000500 Y
041 000500 Y
042 A000500 0
042 B000500 0
042 C000500 100
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 477
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.000
048 A010500 200000
048 A020500 0.550
048 B010500 300000
048 B020500 0.510
048 C010500 0
048 C020500 0.000
048 D010500 0
<PAGE> PAGE 27
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 500000
048 K020500 0.470
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 Y
053 B000500 Y
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 2500
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 4.1
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 11.1
062 N000500 56.2
062 O000500 0.0
062 P000500 28.8
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 13.3
064 A000500 N
064 B000500 N
066 A000500 N
067 000500 N
068 A000500 N
<PAGE> PAGE 28
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 N
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 N
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500 173467
071 B000500 268710
071 C000500 180979
071 D000500 105
072 A000500 12
072 B000500 12012
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 1014
072 G000500 45
072 H000500 0
072 I000500 139
<PAGE> PAGE 29
072 J000500 91
072 K000500 0
072 L000500 28
072 M000500 14
072 N000500 60
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 31
072 S000500 8
072 T000500 477
072 U000500 0
072 V000500 0
072 W000500 9
072 X000500 1916
072 Y000500 625
072 Z000500 10721
072AA000500 0
072BB000500 2163
072CC010500 0
072CC020500 1383
072DD010500 9320
072DD020500 145
072EE000500 0
073 A010500 0.3800
073 A020500 0.3300
073 B000500 0.0000
073 C000500 0.0000
074 A000500 106
074 B000500 0
074 C000500 3998
074 D000500 92851
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 332
074 K000500 0
074 L000500 1875
074 M000500 0
074 N000500 99162
074 O000500 2046
074 P000500 12
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 441
074 S000500 0
074 T000500 96663
<PAGE> PAGE 30
074 U010500 12694
074 U020500 516
074 V010500 7.30
074 V020500 7.29
074 W000500 0.0000
074 X000500 2967
074 Y000500 0
075 A000500 0
075 B000500 180969
076 000500 0.00
008 A000601 NEW ENGLAND FUNDS MANAGEMENT, L.P.
008 B000601 A
008 C000601 801-48408
008 D010601 BOSTON
008 D020601 MA
008 D030601 02116
008 A000602 BACK BAY ADVISORS, L.P.
008 B000602 S
008 C000602 801-27694
008 D010602 BOSTON
008 D020602 MA
008 D030602 02116
024 000600 N
028 A010600 1134
028 A020600 92
028 A030600 0
028 A040600 772
028 B010600 445
028 B020600 90
028 B030600 0
028 B040600 910
028 C010600 856
028 C020600 92
028 C030600 0
028 C040600 154
028 D010600 783
028 D020600 95
028 D030600 0
028 D040600 208
028 E010600 331
028 E020600 97
028 E030600 0
028 E040600 147
028 F010600 664
028 F020600 97
028 F030600 0
028 F040600 444
028 G010600 4213
028 G020600 563
028 G030600 0
028 G040600 2635
<PAGE> PAGE 31
028 H000600 3439
029 000600 Y
030 A000600 62
030 B000600 2.50
030 C000600 0.00
031 A000600 9
031 B000600 0
032 000600 21
033 000600 32
034 000600 Y
035 000600 31
036 A000600 Y
036 B000600 0
037 000600 N
038 000600 0
039 000600 N
040 000600 Y
041 000600 Y
042 A000600 0
042 B000600 0
042 C000600 100
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 177
044 000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.000
048 A010600 200000
048 A020600 0.525
048 B010600 300000
048 B020600 0.500
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
<PAGE> PAGE 32
048 J020600 0.000
048 K010600 500000
048 K020600 0.475
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 Y
053 B000600 Y
053 C000600 N
058 A000600 N
059 000600 Y
060 A000600 N
060 B000600 N
061 000600 2500
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 86.6
062 P000600 0.0
062 Q000600 14.5
062 R000600 0.0
063 A000600 0
063 B000600 11.6
064 A000600 Y
064 B000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 N
070 B020600 N
070 C010600 Y
070 C020600 Y
070 D010600 N
070 D020600 N
070 E010600 Y
<PAGE> PAGE 33
070 E020600 Y
070 F010600 N
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 N
070 K020600 N
070 L010600 N
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 98066
071 B000600 94576
071 C000600 42783
071 D000600 215
072 A000600 12
072 B000600 2403
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 225
072 G000600 22
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072 I000600 69
072 J000600 65
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072 M000600 7
072 N000600 14
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072 R000600 27
072 S000600 3
072 T000600 178
<PAGE> PAGE 34
072 U000600 3
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072 X000600 646
072 Y000600 211
072 Z000600 1968
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072CC020600 134
072DD010600 1644
072DD020600 390
072EE000600 0
073 A010600 0.3800
073 A020600 0.3300
073 B000600 0.0000
073 C000600 0.0000
074 A000600 0
074 B000600 223
074 C000600 0
074 D000600 45100
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
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074 K000600 0
074 L000600 793
074 M000600 16
074 N000600 46132
074 O000600 1423
074 P000600 6
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074 S000600 0
074 T000600 44607
074 U010600 4513
074 U020600 1186
074 V010600 7.83
074 V020600 7.81
074 W000600 0.0000
074 X000600 724
074 Y000600 0
075 A000600 0
075 B000600 42797
076 000600 0.00
008 A000701 NE ENGLAND FUNDS MANAGEMENT, L.P.
<PAGE> PAGE 35
008 B000701 A
008 C000701 801-48408
008 D010701 BOSTON
008 D020701 MA
008 D030701 02116
008 A000702 BACK BAY ADVISORS, L.P.
008 B000702 S
008 C000702 801-27694
008 D010702 BOSTON
008 D020702 MA
008 D030702 02116
024 000700 N
028 A010700 374
028 A020700 65
028 A030700 0
028 A040700 141
028 B010700 157
028 B020700 65
028 B030700 0
028 B040700 126
028 C010700 81
028 C020700 65
028 C030700 0
028 C040700 251
028 D010700 66
028 D020700 65
028 D030700 0
028 D040700 179
028 E010700 234
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028 E040700 60
028 F010700 3267
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028 G010700 4179
028 G020700 369
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028 G040700 943
028 H000700 3552
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030 A000700 26
030 B000700 4.25
030 C000700 0.00
031 A000700 3
031 B000700 0
032 000700 9
033 000700 14
034 000700 Y
035 000700 16
<PAGE> PAGE 36
036 A000700 Y
036 B000700 0
037 000700 N
038 000700 0
039 000700 N
040 000700 Y
041 000700 Y
042 A000700 0
042 B000700 0
042 C000700 100
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 78
044 000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.000
048 A010700 200000
048 A020700 0.525
048 B010700 300000
048 B020700 0.500
048 C010700 0
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048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
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048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 500000
048 K020700 0.475
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 Y
053 B000700 Y
053 C000700 N
058 A000700 N
<PAGE> PAGE 37
059 000700 Y
060 A000700 N
060 B000700 N
061 000700 2500
062 A000700 Y
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 71.8
062 P000700 0.0
062 Q000700 28.8
062 R000700 0.0
063 A000700 0
063 B000700 14.0
064 A000700 N
064 B000700 N
066 A000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 Y
070 C020700 Y
070 D010700 N
070 D020700 N
070 E010700 Y
070 E020700 Y
070 F010700 N
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
<PAGE> PAGE 38
070 K010700 N
070 K020700 N
070 L010700 Y
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 38829
071 B000700 35587
071 C000700 22776
071 D000700 158
072 A000700 12
072 B000700 1270
072 C000700 0
072 D000700 0
072 E000700 0
072 F000700 120
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072 M000700 6
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072 S000700 2
072 T000700 78
072 U000700 3
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072 Y000700 223
072 Z000700 1056
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072CC020700 50
072DD010700 950
<PAGE> PAGE 39
072DD020700 110
072EE000700 0
073 A010700 0.3700
073 A020700 0.3100
073 B000700 0.0000
073 C000700 0.0000
074 A000700 0
074 B000700 0
074 C000700 0
074 D000700 26005
074 E000700 0
074 F000700 0
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074 L000700 476
074 M000700 0
074 N000700 26529
074 O000700 0
074 P000700 6
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 674
074 S000700 0
074 T000700 25849
074 U010700 2887
074 U020700 390
074 V010700 7.89
074 V020700 7.87
074 W000700 0.0000
074 X000700 650
074 Y000700 0
075 A000700 0
075 B000700 22776
076 000700 0.00
061 002800 0
SIGNATURE SCOTT FITZHENRY
TITLE A.V.P. FUND ADMIN.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NEW ENGLAND FUNDS TRUST 2
<SERIES>
<NUMBER> 011
<NAME> NE GOP-A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 398,918,326
<INVESTMENTS-AT-VALUE> 473,337,134
<RECEIVABLES> 6,079,311
<ASSETS-OTHER> 999
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 479,417,444
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,620,093
<TOTAL-LIABILITIES> 3,630,093
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 379,543,084
<SHARES-COMMON-STOCK> 18,350,323
<SHARES-COMMON-PRIOR> 14,388,146
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 101,283
<ACCUMULATED-NET-GAINS> 11,734,176
<OVERDISTRIBUTION-GAINS> 0
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<OVERDISTRIBUTION-NII> 64,250
<ACCUMULATED-NET-GAINS> (1,274,917)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,794,626
<NET-ASSETS> 44,607,404
<DIVIDEND-INCOME> 2,402,723
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 433,925
<NET-INVESTMENT-INCOME> 1,968,798
<REALIZED-GAINS-CURRENT> (20,967)
<APPREC-INCREASE-CURRENT> (134,169)
<NET-CHANGE-FROM-OPS> 1,813,662
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 390,245
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,121,992
<NUMBER-OF-SHARES-REDEEMED> 1,927,903
<SHARES-REINVESTED> 233,426
<NET-CHANGE-IN-ASSETS> 427,515
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (125,730)
<OVERDISTRIB-NII-PRIOR> 126,392
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 224,690
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 433,925
<AVERAGE-NET-ASSETS> 9,350,304
<PER-SHARE-NAV-BEGIN> 7.85
<PER-SHARE-NII> 0.32
<PER-SHARE-GAIN-APPREC> (0.03)
<PER-SHARE-DIVIDEND> 0.33
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.81
<EXPENSE-RATIO> 1.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NE FUNDS TRUST 2
<SERIES>
<NUMBER> 071
<NAME> NY-A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 24,489,197
<INVESTMENTS-AT-VALUE> 26,004,586
<RECEIVABLES> 524,466
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 26,529,052
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 680,601
<TOTAL-LIABILITIES> 680,601
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,165,189
<SHARES-COMMON-STOCK> 2,886,818
<SHARES-COMMON-PRIOR> 2,599,873
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (3,183)
<ACCUMULATED-NET-GAINS> (828,944)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,515,389
<NET-ASSETS> 25,848,451
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,270,012
<OTHER-INCOME> 0
<EXPENSES-NET> 214,317
<NET-INVESTMENT-INCOME> 1,055,695
<REALIZED-GAINS-CURRENT> 23,767
<APPREC-INCREASE-CURRENT> (50,454)
<NET-CHANGE-FROM-OPS> 1,029,008
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 950,474
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,983,346
<NUMBER-OF-SHARES-REDEEMED> 3,403,567
<SHARES-REINVESTED> 699,634
<NET-CHANGE-IN-ASSETS> 2,279,413
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (841,725)
<OVERDISTRIB-NII-PRIOR> (9,025)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 119,572
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 214,317
<AVERAGE-NET-ASSETS> 20,072,484
<PER-SHARE-NAV-BEGIN> 7.90
<PER-SHARE-NII> 0.37
<PER-SHARE-GAIN-APPREC> (0.01)
<PER-SHARE-DIVIDEND> 0.37
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.89
<EXPENSE-RATIO> 0.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000052136
<NAME> NE FUNDS TRUST 2
<SERIES>
<NUMBER> 072
<NAME> NENY-B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 24,489,197
<INVESTMENTS-AT-VALUE> 26,004,586
<RECEIVABLES> 524,466
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 26,529,052
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 680,601
<TOTAL-LIABILITIES> 680,601
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,165,189
<SHARES-COMMON-STOCK> 390,455
<SHARES-COMMON-PRIOR> 245,807
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (3,183)
<ACCUMULATED-NET-GAINS> (828,944)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,515,389
<NET-ASSETS> 25,848,451
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,270,012
<OTHER-INCOME> 0
<EXPENSES-NET> 214,317
<NET-INVESTMENT-INCOME> 1,055,695
<REALIZED-GAINS-CURRENT> 23,767
<APPREC-INCREASE-CURRENT> (50,454)
<NET-CHANGE-FROM-OPS> 1,029,008
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 110,364
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,015,042
<NUMBER-OF-SHARES-REDEEMED> 739,129
<SHARES-REINVESTED> 74,568
<NET-CHANGE-IN-ASSETS> 350,481
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (841,725)
<OVERDISTRIB-NII-PRIOR> (9,025)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 119,572
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 214,317
<AVERAGE-NET-ASSETS> 2,763,224
<PER-SHARE-NAV-BEGIN> 7.88
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> (0.01)
<PER-SHARE-DIVIDEND> 0.31
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.87
<EXPENSE-RATIO> 1.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
February 15, 1999
To the Shareholders and Board of Trustees of the
New England Funds Trusts II
In planning and performing our audit of the financial statements
of the New England Funds Trust II,the Trust, for the year ended
December 31, 1998, we considered its internal control, including
control activities for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing
our opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on internal
control.
The management of the Trust is responsible for establishing and
maintaining internal control. In fulfilling this responsibility,
estimates and judgments by management are required to assess the
expected benefits and related costs of controls. Generally,
controls that are relevant to an audit pertain to the entitys
objective of preparing financial statements for external purposes
that are fairly presented in conformity with generally accepted
accounting principles. Those controls include the safeguarding
of assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or
fraud may occur and not be detected. Also, projection of any
evaluation of internal control to future periods is subject to
the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and operation
may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American Institute
of Certified Public Accountants. A material weakness is a
condition in which the design or operation of one or more of the
internal control components does not reduce to a relatively low
level the risk that misstatements caused by error or fraud in
amounts that would be material in relation to the financial
statements being audited may occur and not be detected within
a timely period by employees in the normal course of performing
their assigned functions. However, we noted no matters involving
internal control and its operation, including controls for
safeguarding securities, that we consider to be material weaknesses
as defined above as of December 31, 1998.
This report is intended solely for the information and use of
management and the Trustees of the Trust and the Securities and
Exchange Commission.
PricewaterhouseCoopers LLP
</TABLE>
