BENCHMARK FUNDS
NSAR-B/A, 1994-05-16
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<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
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<PAGE>      PAGE  4
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062 D000200  21.8
062 E000200   0.0
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074 N000200  1154568
074 T000200  1065705
075 A000200  1171598
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062 B000300   1.3
062 C000300 102.3
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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
062 A001100 Y
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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SIGNATURE   RICK LARSON                                  
TITLE       ADMIN. ASSISTANT    
 



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