<PAGE>
PAGE 1
000 B000000 12/31/97
000 C000000 0000709558
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 CONSECO SERIES TRUST
001 B000000 811-3641
001 C000000 3178176300
002 A000000 11815 N. PENNSYLVANIA STREET
002 B000000 CARMEL
002 C000000 IN
002 D010000 46032
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 5
007 C010100 1
007 C020100 MONEY MARKET PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 GOVERNMENT SECURITIES PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 COMMON STOCK PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 ASSET ALLOCATION PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 CORPORATE BOND PORTFOLIO
007 C030500 N
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 CONSECO CAPITAL MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-17857
008 D01AA01 CARMEL
008 D02AA01 IN
008 D03AA01 46032
013 A00AA01 COOPERS & LYBRAND
013 B01AA01 INDIANAPOLIS
013 B02AA01 IN
<PAGE>
PAGE 2
013 B03AA01 46282
013 B04AA01 0002
014 A00AA01 CONSECO EQUITY SALES, INC.
014 B00AA01 8-14875
014 A00AA02 CONSECO FINANCIAL SERVICES, INC.
014 B00AA02 8-13233
014 A00AA03 MDS SECURITIES, INC.
014 B00AA03 8-44287
015 A00AA01 BANKERS TRUST COMPANY
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10005
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 11
019 C00AA00 CONSECOFUN
020 A000001 GOLDMAN SACHS & CO.
020 B000001 13-5108880
020 C000001 157
020 A000002 SMITH BARNEY, INC.
020 B000002 13-1912900
020 C000002 70
020 A000003 LYNCH, JONES & RYAN, INC.
020 B000003 13-3356934
020 C000003 65
020 A000004 E. H. SMITH, JACOBS & CO., INC.
020 B000004 13-3371860
020 C000004 66
020 A000005 OPPENHEIMER & CO., INC.
020 B000005 13-2798343
020 C000005 56
020 A000006 WILLIAM O'NEIL AND CO., INC.
020 B000006 95-2269163
020 C000006 53
020 A000007 MONTGOMERY SECURITIES, INC
020 B000007 94-1701676
020 C000007 48
020 A000008 MCDONALD & COMPANY INVESTMENTS, INC.
020 B000008 34-0642435
020 C000008 47
020 A000009 RAUSCHER PIERCE REFSNES, INC.
020 B000009 75-1833678
020 C000009 46
020 A000010 CL KING & ASSOCIATES
020 B000010 13-2700327
020 C000010 42
021 000000 1076
022 A000001 J.P. MORGAN SECURITIES
022 B000001 13-3224016
<PAGE>
PAGE 3
022 C000001 1120669
022 D000001 3285
022 A000002 GOLDMAN SACHS & CO.
022 B000002 13-5108880
022 C000002 594256
022 D000002 36908
022 A000003 GENERAL ELECTRIC CAPITAL CORP
022 B000003 13-1500700
022 C000003 504619
022 D000003 0
022 A000004 AMERICAN GENERAL FINANCE CORPORATION
022 B000004 35-0416090
022 C000004 466373
022 D000004 0
022 A000005 BANKERS TRUST COMPANY
022 B000005 13-6480473
022 C000005 437848
022 D000005 1857
022 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000006 13-5674085
022 C000006 121203
022 D000006 25142
022 A000007 MORGAN STANLEY GROUP INC.
022 B000007 13-2655998
022 C000007 98371
022 D000007 2908
022 A000008 CITICORP FINANCIAL SERVICES, INC.
022 B000008 13-3187336
022 C000008 95194
022 D000008 654
022 A000009 ASSOCIATES CORPORATION OF NORTH AMERICA
022 B000009 74-1494554
022 C000009 82123
022 D000009 0
022 A000010 LEHMAN BROTHERS INC.
022 B000010 13-2518466
022 C000010 59575
022 D000010 9344
023 C000000 3923693
023 D000000 322820
026 A000000 N 026 B000000 Y 026 C000000 N 026 D000000 Y 026 E000000 N 026
F000000 N 026 G010000 N 026 G020000 N 026 H000000 N 027 000000 Y 029 00AA00 N
<PAGE>
PAGE 4
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N 035 00AA00 0 036 B00AA00 0 037 00AA00 N 038 00AA00 0 039 00AA00 N
040 00AA00 N 042 A00AA00 0 042 B00AA00 0 042 C00AA00 0 042 D00AA00 0 042 E00AA00
0 042 F00AA00 0 042 G00AA00 0 042 H00AA00 0 043 00AA00 0 044 00AA00 0 054
A00AA00 Y 054 B00AA00 Y 054 C00AA00 Y 054 D00AA00 N 054 E00AA00 N 054 F00AA00 N
054 G00AA00 Y 054 H00AA00 Y 054 I00AA00 N 054 J00AA00 Y 054 K00AA00 N 054
L00AA00 Y 054 M00AA00 Y 054 N00AA00 N 054 O00AA00 N 055 A00AA00 N 055 B00AA00 N
056 00AA00 Y 057 00AA00 N 058 A00AA00 N 059 00AA00 Y 060 A00AA00 Y 060 B00AA00 Y
061 00AA00 0 077 A000000 Y 077 B000000 Y 078 000000 N <PAGE>
PAGE 5
080 A00AA00 FEDERAL INSURANCE COMPANY
080 C00AA00 1275
081 A00AA00 Y
081 B00AA00 1
082 A00AA00 N
082 B00AA00 0
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
024 000100 N
028 A010100 864
028 A020100 35
028 A030100 0
028 A040100 550
028 B010100 331
028 B020100 33
028 B030100 0
028 B040100 403
028 C010100 651
028 C020100 36
028 C030100 0
028 C040100 715
028 D010100 1434
028 D020100 35
028 D030100 0
028 D040100 701
028 E010100 315
028 E020100 35
028 E030100 0
028 E040100 496
028 F010100 951
028 F020100 39
028 F030100 0
028 F040100 1122
028 G010100 4546
028 G020100 213
<PAGE>
PAGE 6
028 G030100 0
028 G040100 3987
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.250
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 96.5
062 J000100 0.0
062 K000100 0.0
062 L000100 3.5
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
<PAGE>
PAGE 7
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 36
063 B000100 0.0
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
<PAGE>
PAGE 8
071 D000100 0
072 A000100 12
072 B000100 426
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 19
072 G000100 0
072 H000100 6
072 I000100 0
072 J000100 4
072 K000100 0
072 L000100 2
072 M000100 1
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 1
072 S000100 2
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 4
072 X000100 39
072 Y000100 5
072 Z000100 392
072AA000100 0
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 392
072DD020100 0
072EE000100 0
073 A010100 0.0513
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 298
074 B000100 0
074 C000100 8199
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 108
074 L000100 1
074 M000100 0
<PAGE>
PAGE 9
074 N000100 8606
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 3
074 S000100 0
074 T000100 8603
074 U010100 8603
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 1.0000
074 X000100 3
074 Y000100 0
075 A000100 7616
075 B000100 0
076 000100 0.00
024 000200 Y
025 A000201 LEHMAN BROTHERS INC.
025 B000201 13-2518466
025 C000201 D
025 D000201 201
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 13
028 A020200 19
028 A030200 0
028 A040200 19
028 B010200 36
028 B020200 33
028 B030200 0
028 B040200 52
028 C010200 65
028 C020200 24
028 C030200 0
028 C040200 32
028 D010200 73
028 D020200 32
028 D030200 0
028 D040200 51
028 E010200 145
028 E020200 23
028 E030200 0
<PAGE>
PAGE 10
028 E040200 110
028 F010200 14
028 F020200 33
028 F030200 0
028 F040200 19
028 G010200 346
028 G020200 164
028 G030200 0
028 G040200 283
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.500
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
<PAGE>
PAGE 11
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 9.4
062 M000200 12.6
062 N000200 40.1
062 O000200 0.0
062 P000200 15.7
062 Q000200 22.2
062 R000200 0.0
063 A000200 0
063 B000200 15.9
064 A000200 N
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
<PAGE>
PAGE 12
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 7938
071 B000200 7885
071 C000200 4042
071 D000200 195
072 A000200 12
072 B000200 273
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 20
072 G000200 0
072 H000200 3
072 I000200 0
072 J000200 7
072 K000200 0
072 L000200 1
072 M000200 1
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 1
072 S000200 2
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 2
072 X000200 37
072 Y000200 9
072 Z000200 245
072AA000200 68
072BB000200 38
072CC010200 0
072CC020200 38
072DD010200 289
072DD020200 0
072EE000200 0
073 A010200 0.8532
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 203
074 B000200 0
074 C000200 0
074 D000200 3838
074 E000200 0
074 F000200 0
<PAGE>
PAGE 13
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 445
074 K000200 0
074 L000200 41
074 M000200 0
074 N000200 4527
074 O000200 246
074 P000200 8
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 3
074 S000200 0
074 T000200 4270
074 U010200 355
074 U020200 0
074 V010200 12.04
074 V020200 0.00
074 W000200 0.0000
074 X000200 3
074 Y000200 0
075 A000200 0
075 B000200 4042
076 000200 0.00
024 000300 N
028 A010300 1034
028 A020300 0
028 A030300 0
028 A040300 1039
028 B010300 1838
028 B020300 0
028 B030300 0
028 B040300 644
028 C010300 1892
028 C020300 12948
028 C030300 0
028 C040300 626
028 D010300 2280
028 D020300 0
028 D030300 0
028 D040300 913
028 E010300 2055
028 E020300 0
028 E030300 0
028 E040300 699
028 F010300 2213
028 F020300 26751
028 F030300 0
<PAGE>
PAGE 14
028 F040300 757
028 G010300 11312
028 G020300 39699
028 G030300 0
028 G040300 4678
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.600
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 Y
053 B000300 Y
053 C000300 N
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
<PAGE>
PAGE 15
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 Y
066 E000300 N
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 N
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
<PAGE>
PAGE 16
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 461067
071 B000300 447214
071 C000300 190958
071 D000300 234
072 A000300 12
072 B000300 580
072 C000300 1491
072 D000300 0
072 E000300 0
072 F000300 1146
072 G000300 0
072 H000300 151
072 I000300 0
072 J000300 12
072 K000300 0
072 L000300 37
072 M000300 28
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 35
072 S000300 2
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 117
072 X000300 1528
072 Y000300 1
072 Z000300 544
072AA000300 73317
072BB000300 24764
072CC010300 16547
072CC020300 0
072DD010300 35923
072DD020300 0
072EE000300 13428
073 A010300 4.0955
073 A020300 0.0000
073 B000300 1.4262
073 C000300 0.0000
074 A000300 466
074 B000300 0
074 C000300 10898
074 D000300 0
074 E000300 0
074 F000300 205999
<PAGE>
PAGE 17
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 12262
074 K000300 726
074 L000300 144
074 M000300 0
074 N000300 230495
074 O000300 13354
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 155
074 S000300 0
074 T000300 216986
074 U010300 10761
074 U020300 0
074 V010300 20.16
074 V020300 0.00
074 W000300 0.0000
074 X000300 3
074 Y000300 0
075 A000300 0
075 B000300 190958
076 000300 0.00
024 000400 Y
025 A000401 LEHMAN BROTHERS INC.
025 B000401 13-2518466
025 C000401 D
025 D000401 308
025 D000402 0
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 501
028 A020400 0
028 A030400 0
028 A040400 104
028 B010400 1094
028 B020400 0
028 B030400 0
028 B040400 103
028 C010400 544
028 C020400 1328
028 C030400 0
028 C040400 92
<PAGE>
PAGE 18
028 D010400 1190
028 D020400 0
028 D030400 0
028 D040400 613
028 E010400 1036
028 E020400 0
028 E030400 0
028 E040400 76
028 F010400 1269
028 F020400 1961
028 F030400 0
028 F040400 208
028 G010400 5634
028 G020400 3289
028 G030400 0
028 G040400 1196
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.550
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
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 0
048 K020400 0.000
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 Y
053 B000400 Y
053 C000400 N
062 A000400 N
<PAGE>
PAGE 19
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 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 0.0
066 A000400 Y 066 B000400 N 066 C000400 N 066 D000400 N 066 E000400 N 066
F000400 N 066 G000400 Y 067 000400 Y 068 A000400 N 068 B000400 N 069 000400 N
070 A010400 Y 070 A020400 N 070 B010400 Y 070 B020400 N 070 C010400 Y 070
C020400 N 070 D010400 Y 070 D020400 N 070 E010400 Y 070 E020400 N 070 F010400 Y
070 F020400 N 070 G010400 Y 070 G020400 N 070 H010400 Y 070 H020400 N 070
I010400 Y 070 I020400 N 070 J010400 Y 070 J020400 Y 070 K010400 Y
<PAGE>
PAGE 20
070 K020400 Y 070 L010400 Y 070 L020400 N 070 M010400 Y 070 M020400 N 070
N010400 N 070 N020400 N 070 O010400 Y 070 O020400 N 070 P010400 N 070 P020400 N
070 Q010400 N 070 Q020400 N 070 R010400 N 070 R020400 N
071 A000400 89095
071 B000400 80617
071 C000400 21824
071 D000400 369
072 A000400 12
072 B000400 746
072 C000400 104
072 D000400 0
072 E000400 0
072 F000400 120
072 G000400 0
072 H000400 17
072 I000400 0
072 J000400 20
072 K000400 0
072 L000400 4
072 M000400 3
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 4
072 S000400 2
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 14
072 X000400 184
072 Y000400 20
072 Z000400 686
072AA000400 5123
072BB000400 1680
072CC010400 1297
072CC020400 0
072DD010400 3412
072DD020400 0
<PAGE>
PAGE 21
072EE000400 796
073 A010400 2.0331
073 A020400 0.0000
073 B000400 0.4109
073 C000400 0.0000
074 A000400 38
074 B000400 0
074 C000400 1000
074 D000400 9482
074 E000400 1531
074 F000400 15252
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 1407
074 K000400 202
074 L000400 214
074 M000400 0
074 N000400 29126
074 O000400 1186
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 18
074 S000400 0
074 T000400 27922
074 U010400 2096
074 U020400 0
074 V010400 13.32
074 V020400 0.00
074 W000400 0.0000
074 X000400 3
074 Y000400 0
075 A000400 0
075 B000400 21824
076 000400 0.00
024 000500 Y
025 A000501 ASSOCIATES CORPORATION OF NORTH AMERICA
025 B000501 74-1494554
025 C000501 D
025 D000501 101
025 A000502 LEHMAN BROTHERS INC.
025 B000502 13-2518466
025 C000502 D
025 D000502 514
025 A000503 MORGAN STANLEY GROUP INC.
025 B000503 13-2655998
025 C000503 D
025 D000503 329
<PAGE>
PAGE 22
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 139
028 A020500 150
028 A030500 0
028 A040500 322
028 B010500 299
028 B020500 101
028 B030500 0
028 B040500 137
028 C010500 591
028 C020500 169
028 C030500 0
028 C040500 194
028 D010500 350
028 D020500 170
028 D030500 0
028 D040500 206
028 E010500 499
028 E020500 114
028 E030500 0
028 E040500 394
028 F010500 468
028 F020500 126
028 F030500 0
028 F040500 123
028 G010500 2346
028 G020500 830
028 G030500 0
028 G040500 1376
028 H000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.500
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
<PAGE>
PAGE 23
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 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 Y
053 B000500 Y
053 C000500 N
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 4.7
062 J000500 0.0
062 K000500 0.0
062 L000500 4.4
062 M000500 3.6
062 N000500 6.9
062 O000500 0.0
062 P000500 57.5
062 Q000500 22.9
062 R000500 0.0
063 A000500 0
063 B000500 13.4
064 A000500 N
064 B000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 N
070 D020500 N
<PAGE>
PAGE 24
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 Y
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 N
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 55057
071 B000500 52806
071 C000500 19101
071 D000500 276
072 A000500 12
072 B000500 1375
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 95
072 G000500 0
072 H000500 15
072 I000500 0
072 J000500 13
072 K000500 0
072 L000500 4
072 M000500 3
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 4
072 S000500 2
<PAGE>
PAGE 25
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 12
072 X000500 148
072 Y000500 14
072 Z000500 1241
072AA000500 418
072BB000500 146
072CC010500 402
072CC020500 0
072DD010500 1505
072DD020500 0
072EE000500 0
073 A010500 0.7866
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 708
074 B000500 0
074 C000500 1000
074 D000500 19187
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 1736
074 K000500 21
074 L000500 377
074 M000500 0
074 N000500 23029
074 O000500 1739
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 13
074 S000500 0
074 T000500 21277
074 U010500 2099
074 U020500 0
074 V010500 10.14
074 V020500 0.00
074 W000500 0.0000
074 X000500 3
074 Y000500 0
075 A000500 0
075 B000500 19101
076 000500 0.00
<PAGE>
PAGE 26
SIGNATURE WILLIAM P. LATIMER
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE>6
<SERIES>
<NUMBER> 1
<NAME> MONEY MARKET
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 8,198,494
<INVESTMENTS-AT-VALUE> 8,189,494
<RECEIVABLES> 0
<ASSETS-OTHER> 407,588
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,606,082
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,346
<TOTAL-LIABILITIES> 3,346
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 8,602,736
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 426,059
<OTHER-INCOME> 0
<EXPENSES-NET> 34,287
<NET-INVESTMENT-INCOME> 391,772
<REALIZED-GAINS-CURRENT> (65)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 391,707
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (391,707)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,118,046
<NUMBER-OF-SHARES-REDEEMED> (8,891,680)
<SHARES-REINVESTED> 391,707
<NET-CHANGE-IN-ASSETS> 1,618,073
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 19,048
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 39,640
<AVERAGE-NET-ASSETS> 7,616,351
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> (0.051)
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.051
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE>6
<SERIES>
<NUMBER> 2
<NAME> GOVERNMENT SECUR
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 3,799,469
<INVESTMENTS-AT-VALUE> 3,837,894
<RECEIVABLES> 445,482
<ASSETS-OTHER> 244,060
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,527,436
<PAYABLE-FOR-SECURITIES> 246,615
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,546
<TOTAL-LIABILITIES> 257,161
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 4,270,275
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 272,801
<OTHER-INCOME> 0
<EXPENSES-NET> 28,288
<NET-INVESTMENT-INCOME> 244,513
<REALIZED-GAINS-CURRENT> 29,743
<APPREC-INCREASE-CURRENT> 48,304
<NET-CHANGE-FROM-OPS> 322,560
<EQUALIZATION> 51
<DISTRIBUTIONS-OF-INCOME> (289,206)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 53,641
<NUMBER-OF-SHARES-REDEEMED> (60,110)
<SHARES-REINVESTED> 24,228
<NET-CHANGE-IN-ASSETS> 17,759
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 20,206
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 37,304
<AVERAGE-NET-ASSETS> 4,041,762
<PER-SHARE-NAV-BEGIN> 11.940
<PER-SHARE-NII> 0.724
<PER-SHARE-GAIN-APPREC> 0.232
<PER-SHARE-DIVIDEND> (0.856)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.040
<EXPENSE-RATIO> 0.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE>6
<SERIES>
<NUMBER> 3
<NAME> COMMON STOCK
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 200,349,239
<INVESTMENTS-AT-VALUE> 216,896,715
<RECEIVABLES> 12,261,605
<ASSETS-OTHER> 1,336,801
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 230,495,121
<PAYABLE-FOR-SECURITIES> 13,354,216
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 155,304
<TOTAL-LIABILITIES> 13,509,520
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 216,985,601
<DIVIDEND-INCOME> 1,491,368
<INTEREST-INCOME> 580,346
<OTHER-INCOME> 0
<EXPENSES-NET> 1,527,511
<NET-INVESTMENT-INCOME> 544,203
<REALIZED-GAINS-CURRENT> 48,553,010
<APPREC-INCREASE-CURRENT> (15,980,984)
<NET-CHANGE-FROM-OPS> 33,116,229
<EQUALIZATION> (253,222)
<DISTRIBUTIONS-OF-INCOME> (35,669,657)
<DISTRIBUTIONS-OF-GAINS> (13,427,556)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 957,299
<NUMBER-OF-SHARES-REDEEMED> (395,255)
<SHARES-REINVESTED> 2,357,384
<NET-CHANGE-IN-ASSETS> 2,919,428
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,145,633
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,528,022
<AVERAGE-NET-ASSETS> 190,957,715
<PER-SHARE-NAV-BEGIN> 21.850
<PER-SHARE-NII> 0.064
<PER-SHARE-GAIN-APPREC> 4.060
<PER-SHARE-DIVIDEND> (4.232)
<PER-SHARE-DISTRIBUTIONS> (1.582)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 20.160
<EXPENSE-RATIO> 0.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE>6
<SERIES>
<NUMBER> 4
<NAME> ASSET ALLOCATION
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 25,967,978
<INVESTMENTS-AT-VALUE> 27,265,057
<RECEIVABLES> 1,407,319
<ASSETS-OTHER> 454,325
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,126,701
<PAYABLE-FOR-SECURITIES> 1,185,771
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 18,528
<TOTAL-LIABILITIES> 1,204,299
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 27,922,402
<DIVIDEND-INCOME> 103,533
<INTEREST-INCOME> 746,245
<OTHER-INCOME> 0
<EXPENSES-NET> 163,619
<NET-INVESTMENT-INCOME> 686,159
<REALIZED-GAINS-CURRENT> 3,443,444
<APPREC-INCREASE-CURRENT> (576,834)
<NET-CHANGE-FROM-OPS> 3,552,769
<EQUALIZATION> (78,588)
<DISTRIBUTIONS-OF-INCOME> 3,333,678
<DISTRIBUTIONS-OF-GAINS> (795,925)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 711,783
<NUMBER-OF-SHARES-REDEEMED> (167,731)
<SHARES-REINVESTED> 309,812
<NET-CHANGE-IN-ASSETS> 853,864
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 119,987
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 184,157
<AVERAGE-NET-ASSETS> 21,824,350
<PER-SHARE-NAV-BEGIN> 13.470
<PER-SHARE-NII> 0.441
<PER-SHARE-GAIN-APPREC> 2.116
<PER-SHARE-DIVIDEND> (2.195)
<PER-SHARE-DISTRIBUTIONS> (0.512)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.320
<EXPENSE-RATIO> 0.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE>6
<SERIES>
<NUMBER> 5
<NAME> CORPORATE BOND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 19,785,357
<INVESTMENTS-AT-VALUE> 20,187,193
<RECEIVABLES> 1,736,447
<ASSETS-OTHER> 1,105,988
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 23,029,628
<PAYABLE-FOR-SECURITIES> 1,739,485
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13,288
<TOTAL-LIABILITIES> 1,752,773
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 21,276,855
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,374,962
<OTHER-INCOME> 0
<EXPENSES-NET> 133,706
<NET-INVESTMENT-INCOME> 1,241,256
<REALIZED-GAINS-CURRENT> 272,118
<APPREC-INCREASE-CURRENT> 315,306
<NET-CHANGE-FROM-OPS> 1,828,680
<EQUALIZATION> (5,144)
<DISTRIBUTIONS-OF-INCOME> (1,500,199)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 449,676
<NUMBER-OF-SHARES-REDEEMED> (251,946)
<SHARES-REINVESTED> 149,867
<NET-CHANGE-IN-ASSETS> 347,597
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 151,524
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 95,504
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 147,384
<AVERAGE-NET-ASSETS> 19,100,562
<PER-SHARE-NAV-BEGIN> 9.970
<PER-SHARE-NII> 0.654
<PER-SHARE-GAIN-APPREC> 0.309
<PER-SHARE-DIVIDEND> (0.793)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.140
<EXPENSE-RATIO> 0.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
