<PAGE> PAGE 1
000 B000000 11/30/93
000 C000000 856120
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 BENCHMARK
001 B000000 811-3605
001 C000000 3126554400
002 A000000 4900 SEARS TOWER
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60606
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 15
007 C010100 1
007 C020100 DIVERSIFIED ASSETS PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 GOVERNMENT PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 GOVERNMENT SELECT PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 TAX-EXEMPT PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 CALIFORNIA MUNICIPAL PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 DIVERSIFIED GROWTH PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 EQUITY INDEX PORTFOLIO
007 C030700 N
007 C010800 8
007 C020800 FOCUSED GROWTH PORTFOLIO
007 C030800 N
007 C010900 9
007 C020900 SMALL COMPANY INDEX PORTFOLIO
007 C030900 N
007 C011000 10
007 C021000 BOND PORTFOLIO
<PAGE> PAGE 2
007 C031000 N
020 A000001 SMITH BARNEY SHEARSON
020 B000001 13-1912900
020 C000001 87
020 A000002 MORGAN STANLEY & CO., INC.
020 B000002 13-2655998
020 C000002 66
020 A000003 NOMURA SECURITIES INTERNATIONAL
020 B000003 13-2642206
020 C000003 51
020 A000004 ALEX BROWN & SONS, INC.
020 B000004 52-1319768
020 C000004 47
020 A000005 PRUDENTIAL BACHE SECURITIES
020 B000005 22-2347336
020 C000005 38
020 A000006 BEAR, STEARNS & CO.
020 B000006 13-2975144
020 C000006 35
020 A000007 KIDDER PEABODY & CO.
020 B000007 13-5650440
020 C000007 35
020 A000008 UBS SECURITIES, INC.
020 B000008 13-2795530
020 C000008 34
020 A000009 DONALDSON, LUFKIN & JENRETTE
020 B000009 13-2741729
020 C000009 34
020 A000010 WEEDEN & CO.
020 B000010 13-3364318
020 C000010 30
021 000000 728
022 A000001 MERRILL LYNCH & CO.
022 B000001 13-5674085
022 C000001 50251114
022 D000001 356692
022 A000002 FIRST BOSTON CORP.
022 B000002 13-5659485
022 C000002 37995700
022 D000002 212703
022 A000003 PRUDENTIAL BACHE SECURITIES
022 B000003 22-2347336
022 C000003 34106403
022 D000003 12358
022 A000004 LEHMAN BROTHERS, INC.
022 B000004 13-2518466
022 C000004 32085349
022 D000004 579075
022 A000005 KIDDER PEABODY & CO.
022 B000005 13-5650440
022 C000005 11766155
<PAGE> PAGE 3
022 D000005 304170
022 A000006 MORGAN STANLEY & CO., INC.
022 B000006 13-2655998
022 C000006 10328448
022 D000006 280944
022 A000007 SMITH BARNEY SHEARSON
022 B000007 13-1912900
022 C000007 6212013
022 D000007 147593
022 A000008 J.P. MORGAN SECURITIES, INC.
022 B000008 13-3224016
022 C000008 3811146
022 D000008 350392
022 A000009 FIRST CHICAGO
022 B000009 36-3595942
022 C000009 3140942
022 D000009 77900
022 A000010 PAINE WEBBER GROUP, INC.
022 B000010 13-2638166
022 C000010 2856280
022 D000010 16664
023 C000000 211297489
023 D000000 4184207
077 A000000 Y
080 A00AA00 CHUBB GROUP
080 C00AA00 2500
081 A00AA00 N
081 B00AA00 0
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
062 A000100 Y
062 B000100 2.4
062 C000100 6.5
062 D000100 6.3
062 E000100 0.0
062 F000100 0.0
062 G000100 1.8
062 H000100 0.0
062 I000100 75.1
062 J000100 0.0
062 K000100 0.0
062 L000100 8.1
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
<PAGE> PAGE 4
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 12
074 N000100 3214743
074 T000100 3200288
075 A000100 3237062
075 B000100 0
062 A000200 Y
062 B000200 6.0
062 C000200 74.2
062 D000200 21.8
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 6.1
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 12
074 N000200 1154568
074 T000200 1065705
075 A000200 1171598
075 B000200 0
062 A000300 Y
062 B000300 1.3
062 C000300 102.3
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 5
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
071 A000300 0
071 B000300 0
071 C000300 0
071 D000300 0
072 A000300 12
074 N000300 401734
074 T000300 386507
075 A000300 358360
075 B000300 0
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 93.8
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 4.3
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
072 A000400 12
074 N000400 1194670
074 T000400 1191932
075 A000400 1219433
075 B000400 0
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 96.4
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
<PAGE> PAGE 6
062 J000500 0.0
062 K000500 0.0
062 L000500 2.4
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
071 A000500 0
071 B000500 0
071 C000500 0
071 D000500 0
072 A000500 9
074 N000500 47915
074 T000500 47772
075 A000500 31092
075 B000500 0
062 A000600 N
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 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
071 A000600 404035
071 B000600 222116
071 C000600 157659
071 D000600 141
072 A000600 11
074 N000600 200074
074 T000600 199053
075 A000600 0
075 B000600 158537
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
<PAGE> PAGE 7
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 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
071 A000700 212256
071 B000700 3344
071 C000700 162581
071 D000700 2
072 A000700 11
074 N000700 220327
074 T000700 219282
075 A000700 0
075 B000700 160941
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
071 A000800 38091
071 B000800 7316
071 C000800 26621
071 D000800 27
072 A000800 5
074 N000800 35613
074 T000800 32099
075 A000800 0
075 B000800 26098
062 A000900 N
062 B000900 0.0
062 C000900 0.0
<PAGE> PAGE 8
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
071 A000900 56547
071 B000900 10752
071 C000900 40873
071 D000900 26
072 A000900 11
074 N000900 55447
074 T000900 54763
075 A000900 0
075 B000900 41888
062 A001000 Y
062 B001000 0.0
062 C001000 0.0
062 D001000 5.0
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 17.6
062 N001000 35.9
062 O001000 0.0
062 P001000 35.2
062 Q001000 4.4
062 R001000 0.0
071 A001000 346089
071 B001000 119544
071 C001000 134224
071 D001000 89
072 A001000 11
074 N001000 245276
074 T001000 245112
075 A001000 0
075 B001000 161588
<PAGE> PAGE 9
062 A001100 Y
062 B001100 0.0
062 C001100 0.0
062 D001100 21.7
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 55.7
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.5
062 N001100 0.0
062 O001100 0.0
062 P001100 12.5
062 Q001100 9.3
062 R001100 0.0
071 A001100 77714
071 B001100 32798
071 C001100 7552
071 D001100 434
072 A001100 6
074 N001100 186930
074 T001100 186765
075 A001100 0
075 B001100 62297
062 A001200 Y
062 B001200 0.0
062 C001200 0.0
062 D001200 9.9
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 50.6
062 N001200 7.6
062 O001200 0.0
062 P001200 16.4
062 Q001200 13.8
062 R001200 0.0
071 A001200 109388
071 B001200 15085
071 C001200 77426
071 D001200 19
072 A001200 11
074 N001200 107697
<PAGE> PAGE 10
074 T001200 107550
075 A001200 0
075 B001200 83466
062 A001300 Y
062 B001300 0.0
062 C001300 0.0
062 D001300 2.8
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 0.0
062 M001300 87.6
062 N001300 8.1
062 O001300 0.0
062 P001300 0.0
062 Q001300 0.0
062 R001300 0.0
071 A001300 37308
071 B001300 6248
071 C001300 30345
071 D001300 21
072 A001300 11
074 N001300 32512
074 T001300 32479
075 A001300 0
075 B001300 30879
062 A001400 Y
062 B001400 0.0
062 C001400 0.0
062 D001400 0.3
062 E001400 0.0
062 F001400 0.0
062 G001400 0.0
062 H001400 0.0
062 I001400 0.0
062 J001400 0.0
062 K001400 0.0
062 L001400 0.0
062 M001400 98.6
062 N001400 0.0
062 O001400 0.0
062 P001400 0.0
062 Q001400 0.0
062 R001400 0.0
071 A001400 113303
071 B001400 45439
071 C001400 58445
<PAGE> PAGE 11
071 D001400 78
072 A001400 11
074 N001400 71581
074 T001400 71456
075 A001400 0
075 B001400 60210
062 A001500 Y
062 B001500 0.0
062 C001500 0.0
062 D001500 0.0
062 E001500 0.0
062 F001500 0.0
062 G001500 0.0
062 H001500 0.0
062 I001500 0.0
062 J001500 0.0
062 K001500 0.0
062 L001500 0.0
062 M001500 0.0
062 N001500 0.0
062 O001500 0.0
062 P001500 0.0
062 Q001500 0.0
062 R001500 0.0
071 A001500 20610
071 B001500 5129
071 C001500 14640
071 D001500 35
072 A001500 5
074 N001500 16388
074 T001500 15928
075 A001500 0
075 B001500 14336
SIGNATURE RICK LARSON
TITLE ADMIN. ASSISTANT