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PAGE 1
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PAGE 2
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<PAGE>
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 10
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PAGE 11
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<PAGE> PAGE 12
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<PAGE>
PAGE 13
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PAGE 16
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PAGE 19
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PAGE 21
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<PAGE>
PAGE 22
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024 000500 Y
025 A000501 LEHMAN BROTHERS INC.
025 B000501 13-2518466
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025 A000502 SALOMON SMITH BARNEY
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<PAGE>
PAGE 23
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<PAGE>
PAGE 24
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<PAGE>
PAGE 25
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<PAGE>
PAGE 26
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SIGNATURE WILLIAM P. KOVACS
TITLE VICE PRESIDENT
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<NUMBER> 1
<NAME> MONEY MARKET
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<NUMBER-OF-SHARES-REDEEMED> (25,792,773)
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<NAME> GOVERNMENT SECURITIES
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<EQUALIZATION> (8,047)
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<PER-SHARE-DIVIDEND> (0.72)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NAME> COMMON STOCK
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</TABLE>
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<SERIES>
<NUMBER> 4
<NAME> ASSET ALLOCATION
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</TABLE>
<TABLE> <S> <C>
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<NUMBER> 5
<NAME> CORPORATE BOND
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