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PAGE 2
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PAGE 3
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PAGE 4
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PAGE 6
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PAGE 7
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PAGE 8
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PAGE 9
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PAGE 10
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PAGE 11
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<PAGE>
PAGE 12
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PAGE 13
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PAGE 14
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PAGE 15
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PAGE 16
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PAGE 17
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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
070 K020400 Y
070 L010400 Y
070 L020400 Y
<PAGE>
PAGE 21
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 78813
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072 B000400 529
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072BB000400 1677
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073 A010400 0.2129
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<PAGE>
PAGE 22
073 B000400 0.6046
073 C000400 0.0000
074 A000400 586
074 B000400 0
074 C000400 2500
074 D000400 15941
074 E000400 2558
074 F000400 20632
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074 H000400 0
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074 W000400 0.0000
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076 000400 0.00
024 000500 Y
025 A000501 LEHMAN BROTHERS INC.
025 B000501 13-2518466
025 C000501 D
025 D000501 261
025 A000502 MORGAN STANLEY GROUP INC.
025 B000502 13-2655998
025 C000502 D
025 D000502 329
025 A000503 GENERAL ELECTRIC CAPITAL CORP.
025 B000503 13-1500700
025 C000503 D
025 D000503 1000
025 D000504 0
025 D000505 0
025 D000506 0
<PAGE>
PAGE 23
025 D000507 0
025 D000508 0
028 A010500 393
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045 000500 Y
046 000500 N
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<PAGE>
PAGE 24
048 I010500 0
048 I020500 0.000
048 J010500 0
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048 K010500 0
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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 4.8
062 J000500 0.0
062 K000500 0.0
062 L000500 1.7
062 M000500 3.4
062 N000500 4.9
062 O000500 6.6
062 P000500 63.8
062 Q000500 14.1
062 R000500 0.7
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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
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070 E020500 N
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<PAGE>
PAGE 25
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
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<PAGE>
PAGE 26
072 W000500 7
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SIGNATURE WILLIAM P. LATIMER
TITLE VICE PRESIDENT
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<SERIES>
<NUMBER> 1
<NAME> Money Market
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<REALIZED-GAINS-CURRENT> (7)
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<NUMBER-OF-SHARES-REDEEMED> (5,675,298)
<SHARES-REINVESTED> 234,436
<NET-CHANGE-IN-ASSETS> 4,124,652
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<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> Govt Sec
<S> <C>
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<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
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<NET-ASSETS> 5,416,071
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<EXPENSES-NET> 16,466
<NET-INVESTMENT-INCOME> 139,798
<REALIZED-GAINS-CURRENT> 10,201
<APPREC-INCREASE-CURRENT> 12,540
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<EQUALIZATION> (2,743)
<DISTRIBUTIONS-OF-INCOME> (139,799)
<DISTRIBUTIONS-OF-GAINS> (13,889)
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<NUMBER-OF-SHARES-REDEEMED> (913,512)
<SHARES-REINVESTED> 156,431
<NET-CHANGE-IN-ASSETS> 1,139,688
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 10,284
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<PER-SHARE-NAV-BEGIN> 12.040
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<PER-SHARE-DIVIDEND> (0.351)
<PER-SHARE-DISTRIBUTIONS> (0.036)
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<EXPENSE-RATIO> 0.70
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> Common Stock
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 232,111,226
<INVESTMENTS-AT-VALUE> 250,658,792
<RECEIVABLES> 29,269,517
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<NET-ASSETS> 239,603,308
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<INTEREST-INCOME> 390,310
<OTHER-INCOME> 0
<EXPENSES-NET> 925,752
<NET-INVESTMENT-INCOME> 503,620
<REALIZED-GAINS-CURRENT> 27,471,663
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<EQUALIZATION> (1,123)
<DISTRIBUTIONS-OF-INCOME> (503,619)
<DISTRIBUTIONS-OF-GAINS> (17,107,901)
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<NUMBER-OF-SHARES-SOLD> 8,711,312
<NUMBER-OF-SHARES-REDEEMED> (16,068,979)
<SHARES-REINVESTED> 17,612,644
<NET-CHANGE-IN-ASSETS> 10,254,977
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 694,314
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 233,069
<AVERAGE-NET-ASSETS> 233,592,976
<PER-SHARE-NAV-BEGIN> 20.160
<PER-SHARE-NII> 0.047
<PER-SHARE-GAIN-APPREC> 2.886
<PER-SHARE-DIVIDEND> (0.047)
<PER-SHARE-DISTRIBUTIONS> (1.656)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 21.390
<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> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 39,602,822
<INVESTMENTS-AT-VALUE> 41,631,272
<RECEIVABLES> 2,946,529
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<TOTAL-ASSETS> 45,654,084
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<OTHER-ITEMS-LIABILITIES> 26,001
<TOTAL-LIABILITIES> 4,529,094
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<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 41,124,990
<DIVIDEND-INCOME> 120,159
<INTEREST-INCOME> 528,779
<OTHER-INCOME> 0
<EXPENSES-NET> 127,409
<NET-INVESTMENT-INCOME> 521,529
<REALIZED-GAINS-CURRENT> 2,062,191
<APPREC-INCREASE-CURRENT> 731,372
<NET-CHANGE-FROM-OPS> 3,315,092
<EQUALIZATION> (33,373)
<DISTRIBUTIONS-OF-INCOME> (521,529)
<DISTRIBUTIONS-OF-GAINS> (1,386,070)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 744,296
<NUMBER-OF-SHARES-REDEEMED> (52,328)
<SHARES-REINVESTED> 135,654
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<GROSS-ADVISORY-FEES> 93,433
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 44,732
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<PER-SHARE-NAV-BEGIN> 13.320
<PER-SHARE-NII> 0.213
<PER-SHARE-GAIN-APPREC> 1.355
<PER-SHARE-DIVIDEND> (0.213)
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<RETURNS-OF-CAPITAL> 0.000
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<EXPENSE-RATIO> 0.75
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> Corp Bond
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
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<PERIOD-END> JUN-30-1998
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<INVESTMENTS-AT-VALUE> 20,437,783
<RECEIVABLES> 777,017
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<NET-ASSETS> 20,951,220
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<EXPENSES-NET> 73,860
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<APPREC-INCREASE-CURRENT> (48,974)
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</TABLE>
