NORTHERN INSTITUTIONAL FUNDS
NSAR-A, 1998-07-29
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<PAGE>      PAGE  1
000 A000000 05/31/98
000 C000000 0000710124
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 BENCHMARK FUNDS
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 17
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 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
007 C031000 N
007 C011100 11
<PAGE>      PAGE  2
007 C011200 12
007 C021200 SHORT-INTERMEDIATE BOND PORTFOLIO
007 C031200 N
007 C011300 13
007 C021300 U.S. GOVERNMENT SECURITIES PORTFOLIO
007 C031300 N
007 C011400 14
007 C021400 U.S. TREASURY INDEX PORTFOLIO
007 C031400 N
007 C011500 15
007 C021500 BALANCED PORTFOLIO
007 C031500 N
007 C011600 16
007 C021600 INTERNATIONAL BOND PORTFOLIO
007 C031600 N
007 C011700 17
007 C021700 INTERNATIONAL GROWTH PORTFOLIO
007 C031700 N
007 C011800 18
007 C021800 INTERNATIONAL EQUITY INDEX PORTFOLIO
007 C031800 N
007 C011900 19
007 C021900 INTERMEDIATE BOND PORTFOLIO
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010 A00AA01 GOLDMAN, SACHS & CO.
010 B00AA01 801-16048
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10004
011 A00AA01 GOLDMAN, SACHS & CO.
011 B00AA01 8-16048
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10004
012 A00AA01 NTRC, INC.
012 B00AA01 84-0
012 C01AA01 ATLANTA
012 C02AA01 GA
012 C03AA01 30346
012 A00AA02 CORPORATE BENEFIT ADVISORS, INC.
012 B00AA02 85-0
012 C01AA02 SHERMAN
012 C02AA02 CT
012 C03AA02 06784
012 A00AA03 CITIZEN'S BANK
012 B00AA03 84-0
012 C01AA03 SAGINAW
012 C02AA03 MI
012 C03AA03 48607
012 A00AA04 MARQUETTE TRUST CO.
<PAGE>      PAGE  3
012 B00AA04 84-0
012 C01AA04 MINNEAPOLIS
012 C02AA04 MN
012 C03AA04 55480
012 A00AA05 SECURITY FEDERAL BANK
012 B00AA05 84-0
012 C01AA05 ST. JOHN
012 C02AA05 IN
012 C03AA05 46373
012 A00AA06 NORTH AMERICAN TRUST COMPANY
012 B00AA06 84-0
012 C01AA06 SAN DIEGO
012 C02AA06 CA
012 C03AA06 92138
012 A00AA07 DELETE
013 A00AA01 ERNST & YOUNG
013 B01AA01 CHICAGO
013 B02AA01 IL
013 B03AA01 60606
014 A00AA01 GOLDMAN, SACHS & CO.
014 B00AA01 8-16048
014 A00AA02 NORTHERN TRUST SECURITIES, INC.
014 B00AA02 8-23689
015 A00AA01 THE NORTHERN TRUST COMPANY
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015 C03AA01 60675
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015 D01AA03 AUSTRALIA
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015 A00AA04 CREDITANSTALT BANKVEREIN
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<PAGE>      PAGE  4
015 C01AA06 SAO PAULO
015 D01AA06 BRAZIL
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015 A00AA07 ROYAL BANK OF CANADA
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015 C01AA07 TORONTO
015 D01AA07 CANADA
015 E04AA07 X
015 A00AA08 CITIBANK
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<PAGE>      PAGE  5
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015 D01AA19 IRELAND
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<PAGE>      PAGE  6
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015 D01AA28 PERU
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015 A00AA29 HONG KONG AND SHANGHAI BANK
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<PAGE>      PAGE  7
015 A00AA37 BANK LEU
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015 C01AA37 ZURICH
015 D01AA37 SWITZERLAND
015 E04AA37 X
015 A00AA38 CENTRAL TRUST OF CHINA
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015 C01AA38 TAIPEI
015 D01AA38 TAIWAN
015 E04AA38 X
015 A00AA39 CITIBANK
015 B00AA39 S
015 C01AA39 BANGKOK
015 D01AA39 THAILAND
015 E04AA39 X
015 A00AA40 CITIBANK
015 B00AA40 S
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015 D01AA40 TURKEY
015 E04AA40 X
015 A00AA41 THE NORTHERN TRUST
015 B00AA41 S
015 C01AA41 LONDON
015 D01AA41 U.K.
015 E04AA41 X
015 A00AA42 CITIBANK
015 B00AA42 S
015 C01AA42 CARACAS
015 D01AA42 VENEZUELA
015 E04AA42 X
015 A00AA43 FIRST CHICAGO CLEARING CENTER
015 B00AA43 S
015 C01AA43 LONDON
015 D01AA43 U.K.
015 E04AA43 X
015 A00AA44 BANK LEUMI
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015 C01AA44 TEL AVIV
015 D01AA44 ISRAEL
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018  00AA00 Y
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<PAGE>      PAGE  8
020 C000003     71
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020 A000005 SBC WARBURG
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020 A000006 SMITH BARNEY
020 B000006 13-1912900
020 C000006     33
020 A000007 GOLDMAN SACHS
020 B000007 13-5108880
020 C000007     31
020 A000008 DEUTSCHE MORGAN
020 B000008 13-2730828
020 C000008     25
020 A000009 UBS SECURITIES
020 B000009 13-3873456
020 C000009     24
020 A000010 NOMURA SECURITIES, INC.
020 B000010 13-2642206
020 C000010     22
021  000000      803
022 A000001 DONALDSON, LUFKIN & JENRETTE
022 B000001 13-2741729
022 C000001  41216515
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022 B000002 13-3299429
022 C000002  37935446
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022 A000003 LEHMAN BROTHERS
022 B000003 13-2518466
022 C000003  28688708
022 D000003    283274
022 A000004 FUJI SECURITIES INC.
022 B000004 36-2880742
022 C000004  25761161
022 D000004    194731
022 A000005 GOLDMAN SACHS
022 B000005 13-5108880
022 C000005  15719798
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022 A000006 UBS SECURITIES
022 B000006 13-3873456
022 C000006  12575869
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022 A000007 J.P. MORGAN & CO. INC.
022 B000007 13-2625764
022 C000007  10545493
022 D000007    226070
<PAGE>      PAGE  9
022 A000008 GARVIN GUYBUTLER
022 B000008 13-3858846
022 C000008   8357249
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022 A000009 NOMURA SECURITIES INTERNATIONAL
022 B000009 13-2642206
022 C000009   4872229
022 D000009        65
022 A000010 GENERAL ELECTRIC CAPITAL CORP.
022 B000010 13-
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038  00AA00      0
039  00AA00 Y
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<PAGE>      PAGE  10
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 N
054 M00AA00 Y
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054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
077 A000000 Y
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008 A000101 THE NORTHERN TRUST COMPANY
008 B000101 A
008 C000101 801-23689
008 D010101 CHICAGO
008 D020101 IL
008 D030101 60675
024  000100 Y
<PAGE>      PAGE  11
025 A000101 HSBC
025 B000101 13-
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025 A000102 LEHMAN BROTHERS
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025 C000102 D
025 D000102   59723
025 A000103 SOLOMON BROTHERS
025 B000103 13-
025 C000103 D
025 D000103   24864
025 A000104 MORGAN STANLEY
025 B000104 13-2655990
025 C000104 D
025 D000104   26624
025 A000105 UBS
025 B000105 13-3873456
025 C000105 D
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<PAGE>      PAGE  12
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050  000100 N
051  000100 N
052  000100 N
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<PAGE>      PAGE  13
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067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 Y
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 Y
070 J020100 Y
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070 L020100 N
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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008 A000201 THE NORTHERN TRUST COMPANY
008 B000201 A
008 C000201 801-23689
008 D010201 CHICAGO
008 D020201 IL
008 D030201 60675
024  000200 Y
025 A000201 SBC WARBURG
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<PAGE>      PAGE  16
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050  000200 N
051  000200 N
052  000200 N
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<PAGE>      PAGE  17
058 A000200 N
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<PAGE>      PAGE  18
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<PAGE>      PAGE  22
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<PAGE>      PAGE  24
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008 B000401 A
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<PAGE>      PAGE  27
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<PAGE>      PAGE  31
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<PAGE>      PAGE  33
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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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<PAGE>      PAGE  37
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008 A000801 THE NORTHERN TRUST COMPANY
008 B000801 A
008 C000801 801-23689
008 D010801 CHICAGO
008 D020801 IL
008 D030801 60675
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<PAGE>      PAGE  38
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<PAGE>      PAGE  39
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068 A000800 N
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<PAGE>      PAGE  40
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070 Q020800 N
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<PAGE>      PAGE  41
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008 B000901 A
008 C000901 801-0000
008 D010901 CHICAGO
008 D020901 IL
008 D030901 60675
024  000900 N
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<PAGE>      PAGE  42
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<PAGE>      PAGE  43
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050  000900 N
051  000900 N
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066 E000900 N
066 F000900 N
066 G000900 N
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068 B000900 N
069  000900 Y
070 A010900 Y
070 A020900 N
070 B010900 Y
070 B020900 N
070 C010900 N
<PAGE>      PAGE  44
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070 D020900 N
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070 E020900 N
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070 H010900 Y
070 H020900 N
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070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 N
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 Y
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<PAGE>      PAGE  45
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<PAGE>      PAGE  46
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008 A001001 THE NORTHERN TRUST COMPANY
008 B001001 A
008 C001001 801-23689
008 D011001 CHICAGO
008 D021001 IL
008 D031001 60675
024  001000 Y
025 A001001 DONALDSON, LUFKIN & JENRETTE, INC.
025 B001001 13-2741729
025 C001001 D
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025 B001002 13-2518466
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<PAGE>      PAGE  47
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<PAGE>      PAGE  48
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070 H011000 N
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070 J021000 Y
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070 L021000 Y
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070 O021000 N
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<PAGE>      PAGE  49
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<PAGE>      PAGE  50
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008 A001201 THE NORTHERN TRUST COMPANY
008 B001201 A
008 C001201 801-23689
008 D011201 CHICAGO
008 D021201 IL
008 D031201 60675
024  001200 Y
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025 B001201 13-2741729
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<PAGE>      PAGE  51
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<PAGE>      PAGE  52
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<PAGE>      PAGE  53
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<PAGE>      PAGE  54
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074 V011200    20.10
074 V021200    20.05
074 W001200   0.0000
074 X001200      206
074 Y001200        0
075 A001200        0
075 B001200   198715
076  001200     0.00
008 A001301 THE NORTHERN TRUST COMPANY
008 B001301 A
008 C001301 801-23689
<PAGE>      PAGE  55
008 D011301 CHICAGO
008 D021301 IL
008 D031301 60675
024  001300 N
025 D001301       0
025 D001302       0
025 D001303       0
025 D001304       0
025 D001305       0
025 D001306       0
025 D001307       0
025 D001308       0
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028 C021300       203
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028 G041300      5364
028 H001300         0
045  001300 Y
046  001300 N
047  001300 Y
048  001300  0.600
048 A011300        0
048 A021300 0.000
048 B011300        0
048 B021300 0.000
048 C011300        0
048 C021300 0.000
<PAGE>      PAGE  56
048 D011300        0
048 D021300 0.000
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048 E021300 0.000
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048 F021300 0.000
048 G011300        0
048 G021300 0.000
048 H011300        0
048 H021300 0.000
048 I011300        0
048 I021300 0.000
048 J011300        0
048 J021300 0.000
048 K011300        0
048 K021300 0.000
049  001300 N
050  001300 N
051  001300 N
052  001300 N
053 A001300 Y
053 B001300 Y
053 C001300 N
058 A001300 N
059  001300 Y
060 A001300 Y
060 B001300 Y
061  001300  5000000
062 A001300 Y
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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  34.7
062 N001300  59.4
062 O001300   0.0
062 P001300   0.0
062 Q001300   0.0
062 R001300   0.0
063 A001300   0
063 B001300  9.8
064 A001300 Y
064 B001300 N
066 A001300 N
<PAGE>      PAGE  57
067  001300 N
068 A001300 N
068 B001300 N
069  001300 N
070 A011300 Y
070 A021300 N
070 B011300 N
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 N
070 D021300 N
070 E011300 Y
070 E021300 N
070 F011300 N
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 N
070 H021300 N
070 I011300 Y
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 N
070 L011300 Y
070 L021300 N
070 M011300 N
070 M021300 N
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 Y
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 Y
070 R021300 N
071 A001300     19160
071 B001300     20992
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071 D001300   42
072 A001300  6
072 B001300     1532
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072 D001300        0
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072 G001300       23
<PAGE>      PAGE  58
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072 J001300       11
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072 M001300        2
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072 P001300        0
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072 R001300        1
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072 U001300        5
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072 W001300        3
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072 Y001300      115
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072DD021300      103
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073 A011300   0.5700
073 A021300   0.5400
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073 C001300   0.0000
074 A001300        1
074 B001300        0
074 C001300     5928
074 D001300    39898
074 E001300        0
074 F001300        0
074 G001300        0
074 H001300        0
074 I001300        0
074 J001300        0
074 K001300        2
074 L001300      573
074 M001300        7
074 N001300    46409
074 O001300        0
074 P001300       16
074 Q001300        0
074 R011300        0
074 R021300        0
074 R031300        0
074 R041300       11
<PAGE>      PAGE  59
074 S001300        0
074 T001300    46382
074 U011300     2106
074 U021300      203
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074 V021300    20.07
074 W001300   0.0000
074 X001300       48
074 Y001300        0
075 A001300        0
075 B001300    46902
076  001300     0.00
008 A001401 NORTHERN TRUST QUANTITATIVE ADVISERS, INC.
008 B001401 A
008 C001401 801-0000
008 D011401 CHICAGO
008 D021401 IL
008 D031401 60675
024  001400 N
025 D001401       0
025 D001402       0
025 D001403       0
025 D001404       0
025 D001405       0
025 D001406       0
025 D001407       0
025 D001408       0
028 A011400      2020
028 A021400        84
028 A031400         0
028 A041400       176
028 B011400      3113
028 B021400        67
028 B031400         0
028 B041400     17103
028 C011400      3273
028 C021400        49
028 C031400         0
028 C041400      3446
028 D011400       475
028 D021400        36
028 D031400         0
028 D041400      2800
028 E011400      3479
028 E021400        37
028 E031400         0
028 E041400       727
028 F011400       695
028 F021400        33
028 F031400         0
028 F041400      3123
<PAGE>      PAGE  60
028 G011400     13055
028 G021400       306
028 G031400         0
028 G041400     27375
028 H001400         0
045  001400 Y
046  001400 N
047  001400 Y
048  001400  0.400
048 A011400        0
048 A021400 0.000
048 B011400        0
048 B021400 0.000
048 C011400        0
048 C021400 0.000
048 D011400        0
048 D021400 0.000
048 E011400        0
048 E021400 0.000
048 F011400        0
048 F021400 0.000
048 G011400        0
048 G021400 0.000
048 H011400        0
048 H021400 0.000
048 I011400        0
048 I021400 0.000
048 J011400        0
048 J021400 0.000
048 K011400        0
048 K021400 0.000
049  001400 N
050  001400 N
051  001400 N
052  001400 N
053 A001400 Y
053 B001400 Y
053 C001400 N
058 A001400 N
059  001400 Y
060 A001400 Y
060 B001400 Y
061  001400  5000000
062 A001400 Y
062 B001400   0.0
062 C001400   1.7
062 D001400   0.0
062 E001400   0.0
062 F001400   0.0
062 G001400   0.0
062 H001400   0.0
<PAGE>      PAGE  61
062 I001400   0.0
062 J001400   0.0
062 K001400   0.0
062 L001400   0.0
062 M001400  97.1
062 N001400   0.0
062 O001400   0.0
062 P001400   0.0
062 Q001400   0.0
062 R001400   0.0
063 A001400   0
063 B001400  8.9
064 A001400 Y
064 B001400 N
066 A001400 N
067  001400 N
068 A001400 N
068 B001400 N
069  001400 Y
070 A011400 Y
070 A021400 N
070 B011400 N
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 N
070 D021400 N
070 E011400 Y
070 E021400 N
070 F011400 N
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 N
070 H021400 N
070 I011400 Y
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 N
070 L021400 N
070 M011400 N
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 Y
070 P021400 N
<PAGE>      PAGE  62
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
071 A001400     12458
071 B001400     26060
071 C001400     26806
071 D001400   46
072 A001400  6
072 B001400      839
072 C001400        0
072 D001400        0
072 E001400        0
072 F001400       55
072 G001400       14
072 H001400        0
072 I001400        5
072 J001400       10
072 K001400        0
072 L001400        6
072 M001400        2
072 N001400        3
072 O001400        0
072 P001400        0
072 Q001400        0
072 R001400        1
072 S001400        3
072 T001400        0
072 U001400        1
072 V001400        0
072 W001400        1
072 X001400      101
072 Y001400       62
072 Z001400      800
072AA001400      661
072BB001400        0
072CC011400        0
072CC021400      277
072DD011400      767
072DD021400       56
072EE001400        0
073 A011400   0.6300
073 A021400   0.5900
073 B001400   0.0000
073 C001400   0.0000
074 A001400       62
074 B001400        0
074 C001400      364
074 D001400    21255
074 E001400        0
074 F001400        0
<PAGE>      PAGE  63
074 G001400        0
074 H001400        0
074 I001400        0
074 J001400        0
074 K001400        0
074 L001400      222
074 M001400        8
074 N001400    21911
074 O001400        0
074 P001400        7
074 Q001400        0
074 R011400        0
074 R021400        0
074 R031400        0
074 R041400       11
074 S001400        0
074 T001400    21893
074 U011400      948
074 U021400       93
074 V011400    21.04
074 V021400    21.00
074 W001400   0.0000
074 X001400       47
074 Y001400        0
075 A001400        0
075 B001400    27454
076  001400     0.00
008 A001501 THE NORTHERN TRUST COMPANY
008 B001501 A
008 C001501 801-23689
008 D011501 CHICAGO
008 D021501 IL
008 D031501 60675
024  001500 Y
025 A001501 DONALDSON, LUFKIN & JENRETTE INC.
025 B001501 13-2741729
025 C001501 D
025 D001501     230
025 A001502 LEHMAN BROTHERS HOLDINGS, INC.
025 B001502 13-2518466
025 C001502 D
025 D001502    1434
025 A001503 SALOMON,INC.
025 C001503 D
025 D001503     659
025 D001504       0
025 D001505       0
025 D001506       0
025 D001507       0
025 D001508       0
028 A011500      2513
<PAGE>      PAGE  64
028 A021500      2233
028 A031500         0
028 A041500       926
028 B011500      1301
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028 B031500         0
028 B041500      2295
028 C011500      1582
028 C021500       302
028 C031500         0
028 C041500      1707
028 D011500      1814
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028 E011500       726
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028 E041500      8239
028 F011500       935
028 F021500       125
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028 F041500       931
028 G011500      8871
028 G021500      2660
028 G031500         0
028 G041500     14824
028 H001500         0
045  001500 Y
046  001500 N
047  001500 Y
048  001500  0.800
048 A011500        0
048 A021500 0.000
048 B011500        0
048 B021500 0.000
048 C011500        0
048 C021500 0.000
048 D011500        0
048 D021500 0.000
048 E011500        0
048 E021500 0.000
048 F011500        0
048 F021500 0.000
048 G011500        0
048 G021500 0.000
048 H011500        0
048 H021500 0.000
048 I011500        0
048 I021500 0.000
048 J011500        0
<PAGE>      PAGE  65
048 J021500 0.000
048 K011500        0
048 K021500 0.000
049  001500 N
050  001500 N
051  001500 N
052  001500 N
053 A001500 Y
053 B001500 Y
053 C001500 N
058 A001500 N
059  001500 Y
060 A001500 Y
060 B001500 Y
061  001500  5000000
062 A001500 Y
062 B001500   0.0
062 C001500   0.0
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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   7.0
062 M001500  13.3
062 N001500   1.7
062 O001500   0.0
062 P001500  10.9
062 Q001500  10.1
062 R001500  55.5
063 A001500   0
063 B001500 13.3
064 A001500 Y
064 B001500 N
066 A001500 Y
066 E001500 Y
067  001500 Y
068 A001500 N
068 B001500 N
069  001500 N
070 A011500 Y
070 A021500 N
070 B011500 Y
070 B021500 N
070 C011500 Y
070 C021500 N
070 D011500 Y
070 D021500 N
<PAGE>      PAGE  66
070 E011500 Y
070 E021500 N
070 F011500 Y
070 F021500 N
070 G011500 Y
070 G021500 N
070 H011500 Y
070 H021500 N
070 I011500 Y
070 I021500 N
070 J011500 Y
070 J021500 Y
070 K011500 Y
070 K021500 N
070 L011500 Y
070 L021500 Y
070 M011500 Y
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 Y
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 Y
070 R021500 N
071 A001500     13319
071 B001500     17441
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072 A001500  6
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072 C001500      345
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072 R001500        1
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<PAGE>      PAGE  67
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072DD011500      449
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072EE001500     2193
073 A011500   0.1200
073 A021500   0.1100
073 B001500   0.5100
073 C001500   0.0000
074 A001500       12
074 B001500        0
074 C001500     3914
074 D001500    20176
074 E001500      976
074 F001500    30142
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074 H001500        0
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074 J001500      298
074 K001500        0
074 L001500      566
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074 N001500    56101
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074 R041500       11
074 S001500        0
074 T001500    56058
074 U011500     3504
074 U021500      432
074 V011500    14.25
074 V021500    14.21
074 W001500   0.0000
074 X001500       49
074 Y001500        0
075 A001500        0
075 B001500    58187
076  001500     0.00
<PAGE>      PAGE  68
008 A001601 THE NORTHERN TRUST COMPANY
008 B001601 A
008 C001601 801-23689
008 D011601 CHICAGO
008 D021601 IL
008 D031601 60675
024  001600 N
025 D001601       0
025 D001602       0
025 D001603       0
025 D001604       0
025 D001605       0
025 D001606       0
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025 D001608       0
028 A011600        63
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028 A041600       772
028 B011600       103
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028 B041600       263
028 C011600       199
028 C021600       147
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045  001600 Y
046  001600 N
047  001600 Y
048  001600  0.900
048 A011600        0
048 A021600 0.000
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<PAGE>      PAGE  69
048 B021600 0.000
048 C011600        0
048 C021600 0.000
048 D011600        0
048 D021600 0.000
048 E011600        0
048 E021600 0.000
048 F011600        0
048 F021600 0.000
048 G011600        0
048 G021600 0.000
048 H011600        0
048 H021600 0.000
048 I011600        0
048 I021600 0.000
048 J011600        0
048 J021600 0.000
048 K011600        0
048 K021600 0.000
049  001600 N
050  001600 N
051  001600 N
052  001600 N
053 A001600 Y
053 B001600 Y
053 C001600 N
058 A001600 N
059  001600 Y
060 A001600 N
060 B001600 N
061  001600  5000000
062 A001600 Y
062 B001600   0.0
062 C001600   0.0
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062 I001600   0.0
062 J001600   0.0
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062 M001600   7.4
062 N001600   0.0
062 O001600   0.0
062 P001600   0.0
062 Q001600  86.3
062 R001600   0.0
063 A001600   0
063 B001600  7.9
<PAGE>      PAGE  70
064 A001600 Y
064 B001600 N
066 A001600 N
067  001600 N
068 A001600 N
068 B001600 Y
069  001600 N
070 A011600 Y
070 A021600 N
070 B011600 N
070 B021600 N
070 C011600 Y
070 C021600 N
070 D011600 N
070 D021600 N
070 E011600 Y
070 E021600 N
070 F011600 N
070 F021600 N
070 G011600 Y
070 G021600 N
070 H011600 N
070 H021600 N
070 I011600 Y
070 I021600 N
070 J011600 Y
070 J021600 N
070 K011600 Y
070 K021600 N
070 L011600 Y
070 L021600 Y
070 M011600 Y
070 M021600 Y
070 N011600 Y
070 N021600 N
070 O011600 Y
070 O021600 N
070 P011600 Y
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 Y
070 R021600 N
071 A001600      3555
071 B001600      4516
071 C001600     24512
071 D001600   15
072 A001600  6
072 B001600      810
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072 D001600        0
<PAGE>      PAGE  71
072 E001600        0
072 F001600      116
072 G001600       19
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072 I001600        1
072 J001600       25
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072 M001600        2
072 N001600       19
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072 P001600        0
072 Q001600        0
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072 U001600        8
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073 A021600   0.2100
073 B001600   0.3000
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074 A001600      219
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074 C001600     1728
074 D001600    23427
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074 F001600        0
074 G001600        0
074 H001600        0
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074 M001600       15
074 N001600    25949
074 O001600        0
074 P001600       25
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<PAGE>      PAGE  72
074 R021600        0
074 R031600        0
074 R041600        9
074 S001600        0
074 T001600    25915
074 U011600     1290
074 U021600        7
074 V011600    19.99
074 V021600    19.90
074 W001600   0.0000
074 X001600       63
074 Y001600        0
075 A001600        0
075 B001600    25808
076  001600     0.00
008 A001701 THE NORTHERN TRSUT COMPANY
008 B001701 A
008 C001701 801-23689
008 D011701 CHICAGO
008 D021701 IL
008 D031701 60675
024  001700 N
025 A001701 DELETE
025 D001701       0
025 A001702 DELETE
025 D001702       0
025 D001703       0
025 D001704       0
025 D001705       0
025 D001706       0
025 D001707       0
025 D001708       0
028 A011700      1405
028 A021700      6308
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028 A041700      7731
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028 B041700      2356
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028 C031700         0
028 C041700      2290
028 D011700       826
028 D021700         0
028 D031700         0
028 D041700      1275
028 E011700       566
028 E021700         0
028 E031700         0
<PAGE>      PAGE  73
028 E041700      3052
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028 G011700      4208
028 G021700      6308
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028 G041700     17228
028 H001700         0
045  001700 Y
046  001700 N
047  001700 Y
048  001700  1.000
048 A011700        0
048 A021700 0.000
048 B011700        0
048 B021700 0.000
048 C011700        0
048 C021700 0.000
048 D011700        0
048 D021700 0.000
048 E011700        0
048 E021700 0.000
048 F011700        0
048 F021700 0.000
048 G011700        0
048 G021700 0.000
048 H011700        0
048 H021700 0.000
048 I011700        0
048 I021700 0.000
048 J011700        0
048 J021700 0.000
048 K011700        0
048 K021700 0.000
049  001700 N
050  001700 N
051  001700 N
052  001700 N
053 A001700 Y
053 B001700 Y
053 C001700 N
058 A001700 N
059  001700 Y
060 A001700 Y
060 B001700 Y
061  001700  5000000
062 A001700 N
062 B001700   0.0
062 C001700   0.0
<PAGE>      PAGE  74
062 D001700   0.0
062 E001700   0.0
062 F001700   0.0
062 G001700   0.0
062 H001700   0.0
062 I001700   0.0
062 J001700   0.0
062 K001700   0.0
062 L001700   0.0
062 M001700   0.0
062 N001700   0.0
062 O001700   0.0
062 P001700   0.0
062 Q001700   0.0
062 R001700   0.0
063 A001700   0
063 B001700  0.0
066 A001700 Y
066 B001700 N
066 C001700 Y
066 D001700 N
066 E001700 N
066 F001700 N
066 G001700 N
067  001700 N
068 A001700 N
068 B001700 Y
069  001700 N
070 A011700 Y
070 A021700 N
070 B011700 Y
070 B021700 N
070 C011700 N
070 C021700 N
070 D011700 Y
070 D021700 N
070 E011700 Y
070 E021700 N
070 F011700 Y
070 F021700 N
070 G011700 Y
070 G021700 N
070 H011700 Y
070 H021700 N
070 I011700 Y
070 I021700 N
070 J011700 Y
070 J021700 N
070 K011700 Y
070 K021700 N
070 L011700 Y
<PAGE>      PAGE  75
070 L021700 Y
070 M011700 Y
070 M021700 Y
070 N011700 Y
070 N021700 N
070 O011700 Y
070 O021700 N
070 P011700 Y
070 P021700 N
070 Q011700 N
070 Q021700 N
070 R011700 Y
070 R021700 N
071 A001700     76043
071 B001700     90898
071 C001700    100023
071 D001700   76
072 A001700  6
072 B001700      178
072 C001700     1119
072 D001700        0
072 E001700        0
072 F001700      538
072 G001700       81
072 H001700        0
072 I001700        6
072 J001700       57
072 K001700        0
072 L001700        4
072 M001700        0
072 N001700        0
072 O001700        0
072 P001700        0
072 Q001700        0
072 R001700        0
072 S001700        3
072 T001700        0
072 U001700        7
072 V001700        0
072 W001700        0
072 X001700      696
072 Y001700      125
072 Z001700      726
072AA001700     6217
072BB001700       70
072CC011700    14286
072CC021700        0
072DD011700     1630
072DD021700        3
072EE001700     5693
073 A011700   0.1600
<PAGE>      PAGE  76
073 A021700   0.1400
073 B001700   0.5700
073 C001700   0.0000
074 A001700        0
074 B001700        0
074 C001700     8366
074 D001700        0
074 E001700        0
074 F001700   104920
074 G001700        0
074 H001700        0
074 I001700        0
074 J001700     3764
074 K001700        0
074 L001700      365
074 M001700       13
074 N001700   117428
074 O001700     2630
074 P001700      468
074 Q001700        0
074 R011700        0
074 R021700        0
074 R031700        0
074 R041700      201
074 S001700        0
074 T001700   114129
074 U011700     9549
074 U021700       33
074 V011700    11.91
074 V021700    11.76
074 W001700   0.0000
074 X001700      195
074 Y001700        0
075 A001700        0
075 B001700   107904
076  001700     0.00
008 A001801 NORTHERN TRUST QUANTITATIVE ADVISERS, INC.
008 B001801 A
008 C001801 801-0000
008 D011801 CHICAGO
008 D021801 IL
008 D031801 60675
024  001800 Y
025 A001801 NOMURA SECURITIES CO. LTD.
025 B001801 13-2642206
025 C001801 E
025 D001801     142
025 A001802 UBS
025 B001802 13-3873456
025 C001802 E
025 D001802     285
<PAGE>      PAGE  77
025 A001803 HSBC HOLDINGS
025 C001803 E
025 D001803     462
025 D001804       0
025 D001805       0
025 D001806       0
025 D001807       0
025 D001808       0
028 A011800      8225
028 A021800       649
028 A031800         0
028 A041800       724
028 B011800      4020
028 B021800         0
028 B031800         0
028 B041800       325
028 C011800      3270
028 C021800         0
028 C031800         0
028 C041800       259
028 D011800       639
028 D021800         0
028 D031800         0
028 D041800       334
028 E011800       560
028 E021800         0
028 E031800         0
028 E041800      9072
028 F011800      1645
028 F021800         0
028 F031800         0
028 F041800       320
028 G011800     18359
028 G021800       649
028 G031800         0
028 G041800     11034
028 H001800         0
045  001800 Y
046  001800 N
047  001800 Y
048  001800  0.500
048 A011800        0
048 A021800 0.000
048 B011800        0
048 B021800 0.000
048 C011800        0
048 C021800 0.000
048 D011800        0
048 D021800 0.000
048 E011800        0
048 E021800 0.000
<PAGE>      PAGE  78
048 F011800        0
048 F021800 0.000
048 G011800        0
048 G021800 0.000
048 H011800        0
048 H021800 0.000
048 I011800        0
048 I021800 0.000
048 J011800        0
048 J021800 0.000
048 K011800        0
048 K021800 0.000
049  001800 N
050  001800 N
051  001800 N
052  001800 N
053 A001800 Y
053 B001800 Y
053 C001800 N
058 A001800 N
059  001800 Y
060 A001800 Y
060 B001800 Y
061  001800  5000000
062 A001800 N
062 B001800   0.0
062 C001800   0.0
062 D001800   0.0
062 E001800   0.0
062 F001800   0.0
062 G001800   0.0
062 H001800   0.0
062 I001800   0.0
062 J001800   0.0
062 K001800   0.0
062 L001800   0.0
062 M001800   0.0
062 N001800   0.0
062 O001800   0.0
062 P001800   0.0
062 Q001800   0.0
062 R001800   0.0
063 A001800   0
063 B001800  0.0
066 A001800 Y
066 B001800 N
066 C001800 Y
066 D001800 N
066 E001800 N
066 F001800 N
066 G001800 N
<PAGE>      PAGE  79
067  001800 N
068 A001800 N
068 B001800 Y
069  001800 Y
070 A011800 Y
070 A021800 N
070 B011800 Y
070 B021800 N
070 C011800 Y
070 C021800 N
070 D011800 Y
070 D021800 N
070 E011800 N
070 E021800 N
070 F011800 Y
070 F021800 N
070 G011800 Y
070 G021800 N
070 H011800 Y
070 H021800 N
070 I011800 Y
070 I021800 N
070 J011800 Y
070 J021800 N
070 K011800 Y
070 K021800 Y
070 L011800 Y
070 L021800 Y
070 M011800 Y
070 M021800 Y
070 N011800 Y
070 N021800 N
070 O011800 Y
070 O021800 N
070 P011800 Y
070 P021800 N
070 Q011800 N
070 Q021800 N
070 R011800 Y
070 R021800 N
071 A001800     21050
071 B001800     11151
071 C001800     45897
071 D001800   24
072 A001800  6
072 B001800       23
072 C001800      497
072 D001800        0
072 E001800        0
072 F001800      120
072 G001800       36
<PAGE>      PAGE  80
072 H001800        0
072 I001800        2
072 J001800       30
072 K001800        0
072 L001800        1
072 M001800        1
072 N001800       32
072 O001800        0
072 P001800        0
072 Q001800        0
072 R001800        1
072 S001800        2
072 T001800        0
072 U001800        1
072 V001800        0
072 W001800       14
072 X001800      240
072 Y001800      105
072 Z001800      385
072AA001800     1406
072BB001800       30
072CC011800     5147
072CC021800        0
072DD011800      678
072DD021800        0
072EE001800        0
073 A011800   0.1700
073 A021800   0.0000
073 B001800   0.0000
073 C001800   0.0000
074 A001800      369
074 B001800        0
074 C001800      207
074 D001800        4
074 E001800      388
074 F001800    45515
074 G001800        0
074 H001800        0
074 I001800     1765
074 J001800        0
074 K001800       34
074 L001800      172
074 M001800       31
074 N001800    48485
074 O001800        0
074 P001800       25
074 Q001800        0
074 R011800        0
074 R021800        0
074 R031800        0
074 R041800       12
<PAGE>      PAGE  81
074 S001800        0
074 T001800    48448
074 U011800     4042
074 U021800        0
074 V011800    11.99
074 V021800     0.00
074 W001800   0.0000
074 X001800       19
074 Y001800        0
075 A001800        0
075 B001800    48050
076  001800     0.00
008 A001901 THE NORTHERN TRUST COMPANY
008 B001901 A
008 C001901 801-23689
008 D011901 CHICAGO
008 D021901 IL
008 D031901 60675
024  001900 Y
025 A001901 LEHMAN BROTHERS
025 B001901 13-2518466
025 C001901 D
025 D001901     508
025 A001902 MORGAN STANLEY
025 B001902 13-2655990
025 C001902 D
025 D001902     362
025 D001903       0
025 D001904       0
025 D001905       0
025 D001906       0
025 D001907       0
025 D001908       0
028 A011900       959
028 A021900        74
028 A031900         0
028 A041900         0
028 B011900      1786
028 B021900        70
028 B031900         0
028 B041900       435
028 C011900       514
028 C021900        65
028 C031900         0
028 C041900       341
028 D011900      5616
028 D021900        75
028 D031900         0
028 D041900      1862
028 E011900      4660
028 E021900        99
<PAGE>      PAGE  82
028 E031900         0
028 E041900      1315
028 F011900      2925
028 F021900       113
028 F031900         0
028 F041900       556
028 G011900     16460
028 G021900       496
028 G031900         0
028 G041900      4509
028 H001900         0
045  001900 Y
046  001900 N
047  001900 Y
048  001900  0.500
048 A011900        0
048 A021900 0.000
048 B011900        0
048 B021900 0.000
048 C011900        0
048 C021900 0.000
048 D011900        0
048 D021900 0.000
048 E011900        0
048 E021900 0.000
048 F011900        0
048 F021900 0.000
048 G011900        0
048 G021900 0.000
048 H011900        0
048 H021900 0.000
048 I011900        0
048 I021900 0.000
048 J011900        0
048 J021900 0.000
048 K011900        0
048 K021900 0.000
049  001900 N
050  001900 N
051  001900 N
052  001900 N
053 A001900 Y
053 B001900 Y
053 C001900 N
058 A001900 N
059  001900 Y
060 A001900 Y
060 B001900 Y
061  001900  5000000
062 A001900 Y
062 B001900   0.0
<PAGE>      PAGE  83
062 C001900   8.2
062 D001900   0.0
062 E001900   0.0
062 F001900   0.0
062 G001900   0.0
062 H001900   0.0
062 I001900   0.0
062 J001900   3.6
062 K001900   0.0
062 L001900   4.0
062 M001900  54.2
062 N001900   0.0
062 O001900   0.0
062 P001900   8.7
062 Q001900  19.8
062 R001900   0.0
063 A001900   0
063 B001900  9.5
064 A001900 Y
064 B001900 N
066 A001900 N
067  001900 N
068 A001900 N
068 B001900 N
069  001900 N
070 A011900 Y
070 A021900 N
070 B011900 Y
070 B021900 N
070 C011900 Y
070 C021900 N
070 D011900 Y
070 D021900 N
070 E011900 Y
070 E021900 N
070 F011900 Y
070 F021900 N
070 G011900 Y
070 G021900 N
070 H011900 Y
070 H021900 N
070 I011900 Y
070 I021900 N
070 J011900 Y
070 J021900 N
070 K011900 Y
070 K021900 N
070 L011900 Y
070 L021900 N
070 M011900 Y
070 M021900 N
<PAGE>      PAGE  84
070 N011900 Y
070 N021900 N
070 O011900 Y
070 O021900 N
070 P011900 Y
070 P021900 N
070 Q011900 N
070 Q021900 N
070 R011900 Y
070 R021900 N
071 A001900     14116
071 B001900      3728
071 C001900     15542
071 D001900   24
072 A001900  6
072 B001900      549
072 C001900        0
072 D001900        0
072 E001900        0
072 F001900       51
072 G001900        8
072 H001900        0
072 I001900        1
072 J001900        8
072 K001900        0
072 L001900       13
072 M001900        0
072 N001900       10
072 O001900        0
072 P001900        0
072 Q001900        0
072 R001900        1
072 S001900        1
072 T001900        0
072 U001900        2
072 V001900        0
072 W001900        1
072 X001900       96
072 Y001900       66
072 Z001900      519
072AA001900        9
072BB001900        0
072CC011900      105
072CC021900        0
072DD011900      496
072DD021900        0
072EE001900        0
073 A011900   0.5700
073 A021900   0.0000
073 B001900   0.0000
073 C001900   0.0000
<PAGE>      PAGE  85
074 A001900       63
074 B001900        0
074 C001900     5598
074 D001900    18615
074 E001900        0
074 F001900        0
074 G001900        0
074 H001900        0
074 I001900        0
074 J001900        0
074 K001900        9
074 L001900      340
074 M001900        1
074 N001900    24626
074 O001900        0
074 P001900        9
074 Q001900        0
074 R011900        0
074 R021900        0
074 R031900        0
074 R041900       36
074 S001900        0
074 T001900    24581
074 U011900     1226
074 U021900        0
074 V011900    20.05
074 V021900     0.00
074 W001900   0.0000
074 X001900       22
074 Y001900        0
075 A001900        0
075 B001900    16937
076  001900     0.00
SIGNATURE   DEBORAH FARRELL                              
TITLE       LEGAL ASSISTANT     
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 011
   <NAME> DIVERSIFIED ASSETS PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                        4,514,264
<INVESTMENTS-AT-VALUE>                       4,514,264
<RECEIVABLES>                                  206,912
<ASSETS-OTHER>                                      51
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               4,721,227
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      221,384
<TOTAL-LIABILITIES>                            221,384
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     4,500,828
<SHARES-COMMON-STOCK>                        4,500,828
<SHARES-COMMON-PRIOR>                        3,942,953
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (985)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                 4,499,843
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              118,648
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (7,263)
<NET-INVESTMENT-INCOME>                        111,385
<REALIZED-GAINS-CURRENT>                           382
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          111,767
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (111,385)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     28,756,236
<NUMBER-OF-SHARES-REDEEMED>               (28,200,603)
<SHARES-REINVESTED>                              2,242
<NET-CHANGE-IN-ASSETS>                         558,257
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (1,367)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            5,188
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  8,086
<AVERAGE-NET-ASSETS>                         4,161,617
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.03)     
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .35
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 021
   <NAME> GOVERNMENT PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                        1,388,208
<INVESTMENTS-AT-VALUE>                       1,388,208
<RECEIVABLES>                                   10,573
<ASSETS-OTHER>                                      24
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               1,398,805
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       43,992
<TOTAL-LIABILITIES>                             43,992
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     1,354,842
<SHARES-COMMON-STOCK>                        1,354,842
<SHARES-COMMON-PRIOR>                        1,051,494
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (29)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                 1,354,813
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               34,953
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (2,161)
<NET-INVESTMENT-INCOME>                         32,792
<REALIZED-GAINS-CURRENT>                            64
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           32,856
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (32,792)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      8,379,423
<NUMBER-OF-SHARES-REDEEMED>                (8,076,432)
<SHARES-REINVESTED>                                357
<NET-CHANGE-IN-ASSETS>                         303,412
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         (93)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,543
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  2,432
<AVERAGE-NET-ASSETS>                         1,238,147
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.03)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .35
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROMTHE BENCHMARK
FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 031
   <NAME> GOVERNMENT SELECT PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                        1,353,648
<INVESTMENTS-AT-VALUE>                       1,353,648
<RECEIVABLES>                                    5,890
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               1,359,538
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       33,395
<TOTAL-LIABILITIES>                             33,395
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     1,326,141
<SHARES-COMMON-STOCK>                        1,326,141
<SHARES-COMMON-PRIOR>                        1,239,391
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              2
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                 1,326,143
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               37,899
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,352)
<NET-INVESTMENT-INCOME>                         36,547
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           36,547
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (36,547)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,702,748
<NUMBER-OF-SHARES-REDEEMED>                (3,619,054)
<SHARES-REINVESTED>                              3,056
<NET-CHANGE-IN-ASSETS>                          86,750
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            2
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,690
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  2,612
<AVERAGE-NET-ASSETS>                         1,355,610
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.03)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .20
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 041
   <NAME> TAX-EXEMPT PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                          623,052
<INVESTMENTS-AT-VALUE>                         623,052
<RECEIVABLES>                                   23,233
<ASSETS-OTHER>                                      43
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 646,328
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        9,774
<TOTAL-LIABILITIES>                              9,774
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       636,339
<SHARES-COMMON-STOCK>                          636,339
<SHARES-COMMON-PRIOR>                          584,991
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            215
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   636,554
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               11,680
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,103)
<NET-INVESTMENT-INCOME>                         10,577
<REALIZED-GAINS-CURRENT>                            47
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           10,624
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (10,577)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,537,484
<NUMBER-OF-SHARES-REDEEMED>                (2,486,244)
<SHARES-REINVESTED>                                108
<NET-CHANGE-IN-ASSETS>                          51,395
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          168
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              788
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,244
<AVERAGE-NET-ASSETS>                           632,092
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.02)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .35
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 061
   <NAME> DIVERSIFIED GROWTH PORTFOLIO - CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                          101,684
<INVESTMENTS-AT-VALUE>                         165,471
<RECEIVABLES>                                      886
<ASSETS-OTHER>                                       9
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 166,366
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          125
<TOTAL-LIABILITIES>                                125
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        94,260
<SHARES-COMMON-STOCK>                           10,185
<SHARES-COMMON-PRIOR>                            9,774
<ACCUMULATED-NII-CURRENT>                          389
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          7,805
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        63,787
<NET-ASSETS>                                   166,241
<DIVIDEND-INCOME>                                  832
<INTEREST-INCOME>                                  108
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (533)
<NET-INVESTMENT-INCOME>                            407
<REALIZED-GAINS-CURRENT>                         7,896
<APPREC-INCREASE-CURRENT>                       12,682
<NET-CHANGE-FROM-OPS>                           20,985
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (1,086)
<DISTRIBUTIONS-OF-GAINS>                      (18,075)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            365
<NUMBER-OF-SHARES-REDEEMED>                    (1,277)
<SHARES-REINVESTED>                              1,323
<NET-CHANGE-IN-ASSETS>                           7,162
<ACCUMULATED-NII-PRIOR>                          1,072
<ACCUMULATED-GAINS-PRIOR>                       18,088
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              643
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    770
<AVERAGE-NET-ASSETS>                           160,200
<PER-SHARE-NAV-BEGIN>                            16.20
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                           1.94
<PER-SHARE-DIVIDEND>                            (0.11)
<PER-SHARE-DISTRIBUTIONS>                       (1.86)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.21
<EXPENSE-RATIO>                                   0.66
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 064
   <NAME> DIVERSIFIED GROWTH PORTFOLIO - CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                          101,684
<INVESTMENTS-AT-VALUE>                         165,471
<RECEIVABLES>                                      886
<ASSETS-OTHER>                                       9
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 166,366
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          125
<TOTAL-LIABILITIES>                                125
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        94,260
<SHARES-COMMON-STOCK>                               71
<SHARES-COMMON-PRIOR>                               44
<ACCUMULATED-NII-CURRENT>                          389
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          7,805
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        63,787
<NET-ASSETS>                                   166,241
<DIVIDEND-INCOME>                                  832
<INTEREST-INCOME>                                  108
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (533)
<NET-INVESTMENT-INCOME>                            407
<REALIZED-GAINS-CURRENT>                         7,896
<APPREC-INCREASE-CURRENT>                       12,682
<NET-CHANGE-FROM-OPS>                           20,985
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          (4)
<DISTRIBUTIONS-OF-GAINS>                         (104)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             26
<NUMBER-OF-SHARES-REDEEMED>                        (7)
<SHARES-REINVESTED>                                  8
<NET-CHANGE-IN-ASSETS>                           7,162
<ACCUMULATED-NII-PRIOR>                          1,072
<ACCUMULATED-GAINS-PRIOR>                       18,088
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              643
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    770
<AVERAGE-NET-ASSETS>                               999
<PER-SHARE-NAV-BEGIN>                            16.03
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                           1.89
<PER-SHARE-DIVIDEND>                            (0.07)
<PER-SHARE-DISTRIBUTIONS>                       (1.86)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.03
<EXPENSE-RATIO>                                   1.05
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 071
   <NAME> EQUITY INDEX PORTFOLIO - CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                          779,318
<INVESTMENTS-AT-VALUE>                       1,224,617
<RECEIVABLES>                                    3,170
<ASSETS-OTHER>                                      17
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               1,227,804
<PAYABLE-FOR-SECURITIES>                           201
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,311
<TOTAL-LIABILITIES>                              1,512
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       772,382
<SHARES-COMMON-STOCK>                           51,083
<SHARES-COMMON-PRIOR>                           42,022
<ACCUMULATED-NII-CURRENT>                        1,478
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          7,630
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       444,802
<NET-ASSETS>                                 1,226,292
<DIVIDEND-INCOME>                                8,425
<INTEREST-INCOME>                                  649
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,357)
<NET-INVESTMENT-INCOME>                          7,717
<REALIZED-GAINS-CURRENT>                        11,077
<APPREC-INCREASE-CURRENT>                      129,092
<NET-CHANGE-FROM-OPS>                          147,886
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (6,036)
<DISTRIBUTIONS-OF-GAINS>                      (64,765)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         14,442
<NUMBER-OF-SHARES-REDEEMED>                    (8,818)
<SHARES-REINVESTED>                              3,437
<NET-CHANGE-IN-ASSETS>                         268,595
<ACCUMULATED-NII-PRIOR>                            465
<ACCUMULATED-GAINS-PRIOR>                       69,448
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,662
<INTEREST-EXPENSE>                                  14
<GROSS-EXPENSE>                                  2,709
<AVERAGE-NET-ASSETS>                           982,409
<PER-SHARE-NAV-BEGIN>                            20.09
<PER-SHARE-NII>                                   0.14
<PER-SHARE-GAIN-APPREC>                           2.60
<PER-SHARE-DIVIDEND>                            (0.13)
<PER-SHARE-DISTRIBUTIONS>                       (1.44)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.26
<EXPENSE-RATIO>                                   0.21
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 073
   <NAME> EQUITY INDEX PORTFOLIO - CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                          779,318
<INVESTMENTS-AT-VALUE>                       1,224,617
<RECEIVABLES>                                    3,170
<ASSETS-OTHER>                                      17
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               1,227,804
<PAYABLE-FOR-SECURITIES>                           201
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,311
<TOTAL-LIABILITIES>                              1,512
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       772,382
<SHARES-COMMON-STOCK>                            4,813
<SHARES-COMMON-PRIOR>                            4,139
<ACCUMULATED-NII-CURRENT>                        1,478
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          7,630
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       444,802
<NET-ASSETS>                                 1,226,292
<DIVIDEND-INCOME>                                8,425
<INTEREST-INCOME>                                  649
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,357)
<NET-INVESTMENT-INCOME>                          7,717
<REALIZED-GAINS-CURRENT>                        11,077
<APPREC-INCREASE-CURRENT>                      129,092
<NET-CHANGE-FROM-OPS>                          147,886
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (497)
<DISTRIBUTIONS-OF-GAINS>                       (5,908)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,153
<NUMBER-OF-SHARES-REDEEMED>                        828
<SHARES-REINVESTED>                                349
<NET-CHANGE-IN-ASSETS>                         268,595
<ACCUMULATED-NII-PRIOR>                            465
<ACCUMULATED-GAINS-PRIOR>                       69,498
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,662
<INTEREST-EXPENSE>                                  14
<GROSS-EXPENSE>                                  2,709
<AVERAGE-NET-ASSETS>                            93,750
<PER-SHARE-NAV-BEGIN>                            20.05
<PER-SHARE-NII>                                   0.13
<PER-SHARE-GAIN-APPREC>                           2.58
<PER-SHARE-DIVIDEND>                            (0.11)
<PER-SHARE-DISTRIBUTIONS>                       (1.44)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.21
<EXPENSE-RATIO>                                   0.45
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 074
   <NAME> EQUITY INDEX PORTFOLIO - CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                          779,318
<INVESTMENTS-AT-VALUE>                       1,224,617
<RECEIVABLES>                                    3,170
<ASSETS-OTHER>                                      17
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               1,227,804
<PAYABLE-FOR-SECURITIES>                           201
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,311
<TOTAL-LIABILITIES>                              1,512
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       772,382
<SHARES-COMMON-STOCK>                            1,796
<SHARES-COMMON-PRIOR>                            1,532
<ACCUMULATED-NII-CURRENT>                        1,478
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          7,630
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       444,802
<NET-ASSETS>                                 1,226,292
<DIVIDEND-INCOME>                                8,425
<INTEREST-INCOME>                                  649
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,357)
<NET-INVESTMENT-INCOME>                          7,717
<REALIZED-GAINS-CURRENT>                        11,077
<APPREC-INCREASE-CURRENT>                      129,092
<NET-CHANGE-FROM-OPS>                          147,886
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (171)
<DISTRIBUTIONS-OF-GAINS>                       (2,272)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            316
<NUMBER-OF-SHARES-REDEEMED>                        183
<SHARES-REINVESTED>                                131
<NET-CHANGE-IN-ASSETS>                         268,595
<ACCUMULATED-NII-PRIOR>                            465
<ACCUMULATED-GAINS-PRIOR>                       69,498
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,662
<INTEREST-EXPENSE>                                  14
<GROSS-EXPENSE>                                  2,709
<AVERAGE-NET-ASSETS>                            35,084
<PER-SHARE-NAV-BEGIN>                            20.00
<PER-SHARE-NII>                                   0.11
<PER-SHARE-GAIN-APPREC>                           2.58
<PER-SHARE-DIVIDEND>                            (0.10)
<PER-SHARE-DISTRIBUTIONS>                       (1.44)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.15
<EXPENSE-RATIO>                                   0.60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 081
   <NAME> FOCUSED GROWTH PORTFOLIO - CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                           97,762
<INVESTMENTS-AT-VALUE>                         128,384
<RECEIVABLES>                                    1,201
<ASSETS-OTHER>                                      10
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 129,595
<PAYABLE-FOR-SECURITIES>                           728
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          370
<TOTAL-LIABILITIES>                              1,098
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        87,840
<SHARES-COMMON-STOCK>                            7,811
<SHARES-COMMON-PRIOR>                            7,148
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (10)
<ACCUMULATED-NET-GAINS>                         10,045
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        30,622
<NET-ASSETS>                                   128,497
<DIVIDEND-INCOME>                                  592
<INTEREST-INCOME>                                   47
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (626)
<NET-INVESTMENT-INCOME>                             13
<REALIZED-GAINS-CURRENT>                        10,117
<APPREC-INCREASE-CURRENT>                        6,640
<NET-CHANGE-FROM-OPS>                           16,770
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (321)
<DISTRIBUTIONS-OF-GAINS>                      (20,346)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            921
<NUMBER-OF-SHARES-REDEEMED>                      1,790
<SHARES-REINVESTED>                              1,532
<NET-CHANGE-IN-ASSETS>                           3,164
<ACCUMULATED-NII-PRIOR>                            304
<ACCUMULATED-GAINS-PRIOR>                       22,015
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              721
<INTEREST-EXPENSE>                                  15
<GROSS-EXPENSE>                                    863
<AVERAGE-NET-ASSETS>                           120,718
<PER-SHARE-NAV-BEGIN>                            16.20
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                           1.71
<PER-SHARE-DIVIDEND>                            (0.05)
<PER-SHARE-DISTRIBUTIONS>                       (2.85)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.01
<EXPENSE-RATIO>                                   0.93
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 083
   <NAME> FOCUSED GROWTH PORTFOLIO - CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                           97,762
<INVESTMENTS-AT-VALUE>                         128,384
<RECEIVABLES>                                    1,201
<ASSETS-OTHER>                                      10
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 129,595
<PAYABLE-FOR-SECURITIES>                           728
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          370
<TOTAL-LIABILITIES>                              1,098
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        87,840
<SHARES-COMMON-STOCK>                              627
<SHARES-COMMON-PRIOR>                              515
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (10)
<ACCUMULATED-NET-GAINS>                         10,045
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        30,622
<NET-ASSETS>                                   128,497
<DIVIDEND-INCOME>                                  592
<INTEREST-INCOME>                                   47
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (626)
<NET-INVESTMENT-INCOME>                             13
<REALIZED-GAINS-CURRENT>                        10,117
<APPREC-INCREASE-CURRENT>                        6,640
<NET-CHANGE-FROM-OPS>                           16,770
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          (5)
<DISTRIBUTIONS-OF-GAINS>                       (1,471)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              6
<NUMBER-OF-SHARES-REDEEMED>                          9
<SHARES-REINVESTED>                                115
<NET-CHANGE-IN-ASSETS>                           3,164
<ACCUMULATED-NII-PRIOR>                            304
<ACCUMULATED-GAINS-PRIOR>                       22,015
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              721
<INTEREST-EXPENSE>                                  15
<GROSS-EXPENSE>                                    863
<AVERAGE-NET-ASSETS>                             8,970
<PER-SHARE-NAV-BEGIN>                            16.16
<PER-SHARE-NII>                                 (0.01)
<PER-SHARE-GAIN-APPREC>                           1.70
<PER-SHARE-DIVIDEND>                            (0.01)
<PER-SHARE-DISTRIBUTIONS>                       (2.85)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.99
<EXPENSE-RATIO>                                   1.17
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 084
   <NAME> FOCUSED GROWTH PORTFOLIO - CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                           97,762
<INVESTMENTS-AT-VALUE>                         128,384
<RECEIVABLES>                                    1,201
<ASSETS-OTHER>                                      10
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 129,595
<PAYABLE-FOR-SECURITIES>                           728
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          370
<TOTAL-LIABILITIES>                              1,098
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        87,840
<SHARES-COMMON-STOCK>                              124
<SHARES-COMMON-PRIOR>                               75
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (10)
<ACCUMULATED-NET-GAINS>                         10,045
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        30,622
<NET-ASSETS>                                   128,497
<DIVIDEND-INCOME>                                  592
<INTEREST-INCOME>                                   47
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (626)
<NET-INVESTMENT-INCOME>                             13
<REALIZED-GAINS-CURRENT>                        10,117
<APPREC-INCREASE-CURRENT>                        6,640
<NET-CHANGE-FROM-OPS>                           16,770
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          (1)
<DISTRIBUTIONS-OF-GAINS>                         (270)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             46
<NUMBER-OF-SHARES-REDEEMED>                         18
<SHARES-REINVESTED>                                 21
<NET-CHANGE-IN-ASSETS>                           3,164
<ACCUMULATED-NII-PRIOR>                            304
<ACCUMULATED-GAINS-PRIOR>                       22,015
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              721
<INTEREST-EXPENSE>                                  15
<GROSS-EXPENSE>                                    863
<AVERAGE-NET-ASSETS>                             1,722
<PER-SHARE-NAV-BEGIN>                            16.01
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                           1.67
<PER-SHARE-DIVIDEND>                            (0.01)
<PER-SHARE-DISTRIBUTIONS>                       (2.85)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.82
<EXPENSE-RATIO>                                   1.32
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 091
   <NAME> SMALL COMPANY INDEX PORTFOLIO - CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                          103,664
<INVESTMENTS-AT-VALUE>                         128,144
<RECEIVABLES>                                      417
<ASSETS-OTHER>                                      36
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 128,597
<PAYABLE-FOR-SECURITIES>                             9
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           67
<TOTAL-LIABILITIES>                                 76
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        91,803
<SHARES-COMMON-STOCK>                            8,543
<SHARES-COMMON-PRIOR>                            9,827
<ACCUMULATED-NII-CURRENT>                          708
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         11,641
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        24,369
<NET-ASSETS>                                   128,521
<DIVIDEND-INCOME>                                  938
<INTEREST-INCOME>                                   98
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (230)
<NET-INVESTMENT-INCOME>                            806
<REALIZED-GAINS-CURRENT>                        11,276
<APPREC-INCREASE-CURRENT>                      (1,748)
<NET-CHANGE-FROM-OPS>                           10,334
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (1,365)
<DISTRIBUTIONS-OF-GAINS>                       (8,892)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          2,056
<NUMBER-OF-SHARES-REDEEMED>                      4,013
<SHARES-REINVESTED>                                673
<NET-CHANGE-IN-ASSETS>                        (20,056)
<ACCUMULATED-NII-PRIOR>                          1,272
<ACCUMULATED-GAINS-PRIOR>                        9,300
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              291
<INTEREST-EXPENSE>                                   2
<GROSS-EXPENSE>                                    534
<AVERAGE-NET-ASSETS>                           144,969
<PER-SHARE-NAV-BEGIN>                            15.05
<PER-SHARE-NII>                                   0.09
<PER-SHARE-GAIN-APPREC>                           0.79
<PER-SHARE-DIVIDEND>                            (0.14)
<PER-SHARE-DISTRIBUTIONS>                       (0.89)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                            (14.90)
<EXPENSE-RATIO>                                   0.31
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 093
   <NAME> SMALL COMPANY INDEX PORTFOLIO - CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                          103,664
<INVESTMENTS-AT-VALUE>                         128,144
<RECEIVABLES>                                      417
<ASSETS-OTHER>                                      36
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 128,597
<PAYABLE-FOR-SECURITIES>                             9
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           67
<TOTAL-LIABILITIES>                                 76
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        91,803
<SHARES-COMMON-STOCK>                               18
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                          708
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         11,641
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        24,369
<NET-ASSETS>                                   128,521
<DIVIDEND-INCOME>                                  938
<INTEREST-INCOME>                                   98
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (230)
<NET-INVESTMENT-INCOME>                            806
<REALIZED-GAINS-CURRENT>                        11,276
<APPREC-INCREASE-CURRENT>                      (1,748)
<NET-CHANGE-FROM-OPS>                           10,334
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             42
<NUMBER-OF-SHARES-REDEEMED>                         24
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        (20,056)
<ACCUMULATED-NII-PRIOR>                          1,272
<ACCUMULATED-GAINS-PRIOR>                        9,300
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              291
<INTEREST-EXPENSE>                                   2
<GROSS-EXPENSE>                                    534
<AVERAGE-NET-ASSETS>                               192
<PER-SHARE-NAV-BEGIN>                            13.89
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                           0.95
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.88
<EXPENSE-RATIO>                                   0.55
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 094
   <NAME> SMALL COMPANY INDEX PORTFOLIO - CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                          103,664
<INVESTMENTS-AT-VALUE>                         128,144
<RECEIVABLES>                                      417
<ASSETS-OTHER>                                      36
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 128,597
<PAYABLE-FOR-SECURITIES>                             9
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           67
<TOTAL-LIABILITIES>                                 76
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        91,803
<SHARES-COMMON-STOCK>                               64
<SHARES-COMMON-PRIOR>                               46
<ACCUMULATED-NII-CURRENT>                          708
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         11,641
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        24,369
<NET-ASSETS>                                   128,521
<DIVIDEND-INCOME>                                  938
<INTEREST-INCOME>                                   98
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (230)
<NET-INVESTMENT-INCOME>                            806
<REALIZED-GAINS-CURRENT>                        11,276
<APPREC-INCREASE-CURRENT>                      (1,748)
<NET-CHANGE-FROM-OPS>                           10,334
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          (5)
<DISTRIBUTIONS-OF-GAINS>                          (43)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             25
<NUMBER-OF-SHARES-REDEEMED>                         10
<SHARES-REINVESTED>                                  3
<NET-CHANGE-IN-ASSETS>                        (20,056)
<ACCUMULATED-NII-PRIOR>                          1,272
<ACCUMULATED-GAINS-PRIOR>                        9,300
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              291
<INTEREST-EXPENSE>                                   2
<GROSS-EXPENSE>                                    534
<AVERAGE-NET-ASSETS>                               873
<PER-SHARE-NAV-BEGIN>                            15.01
<PER-SHARE-NII>                                   0.06
<PER-SHARE-GAIN-APPREC>                           0.78
<PER-SHARE-DIVIDEND>                            (0.10)
<PER-SHARE-DISTRIBUTIONS>                       (0.89)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.86
<EXPENSE-RATIO>                                   0.70
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 101
   <NAME> BOND PORTFOLIO - CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                          531,431
<INVESTMENTS-AT-VALUE>                         546,680
<RECEIVABLES>                                    9,501
<ASSETS-OTHER>                                      19
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 556,200
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          588
<TOTAL-LIABILITIES>                                588
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       533,979
<SHARES-COMMON-STOCK>                           23,378
<SHARES-COMMON-PRIOR>                           21,851
<ACCUMULATED-NII-CURRENT>                        2,196
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          4,188
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        15,249
<NET-ASSETS>                                   555,612
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               19,796
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,031)
<NET-INVESTMENT-INCOME>                         18,765
<REALIZED-GAINS-CURRENT>                         5,045
<APPREC-INCREASE-CURRENT>                          304
<NET-CHANGE-FROM-OPS>                           24,114
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (15,206)
<DISTRIBUTIONS-OF-GAINS>                       (2,645)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         76,128
<NUMBER-OF-SHARES-REDEEMED>                   (59,053)
<SHARES-REINVESTED>                             15,408
<NET-CHANGE-IN-ASSETS>                          43,943
<ACCUMULATED-NII-PRIOR>                            338
<ACCUMULATED-GAINS-PRIOR>                        2,090
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,606
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  2,060
<AVERAGE-NET-ASSETS>                           536,793
<PER-SHARE-NAV-BEGIN>                            21.08
<PER-SHARE-NII>                                   0.74
<PER-SHARE-GAIN-APPREC>                           0.22
<PER-SHARE-DIVIDEND>                            (0.67)
<PER-SHARE-DISTRIBUTIONS>                       (0.12)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.25
<EXPENSE-RATIO>                                   0.36
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 103
   <NAME> BOND PORTFOLIO - CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                          531,431
<INVESTMENTS-AT-VALUE>                         546,680
<RECEIVABLES>                                    9,501
<ASSETS-OTHER>                                      19
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 556,200
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          588
<TOTAL-LIABILITIES>                                588
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       533,979
<SHARES-COMMON-STOCK>                            2,690
<SHARES-COMMON-PRIOR>                            2,400
<ACCUMULATED-NII-CURRENT>                        2,196
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          4,188
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        15,249
<NET-ASSETS>                                   555,612
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               19,796
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,031)
<NET-INVESTMENT-INCOME>                         18,765
<REALIZED-GAINS-CURRENT>                         5,045
<APPREC-INCREASE-CURRENT>                          304
<NET-CHANGE-FROM-OPS>                           24,114
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (1,656)
<DISTRIBUTIONS-OF-GAINS>                         (296)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         15,053
<NUMBER-OF-SHARES-REDEEMED>                   (10,827)
<SHARES-REINVESTED>                              1,952
<NET-CHANGE-IN-ASSETS>                          43,943
<ACCUMULATED-NII-PRIOR>                            338
<ACCUMULATED-GAINS-PRIOR>                        2,090
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,606
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  2,060
<AVERAGE-NET-ASSETS>                           536,793
<PER-SHARE-NAV-BEGIN>                            21.07
<PER-SHARE-NII>                                   0.73
<PER-SHARE-GAIN-APPREC>                           0.20
<PER-SHARE-DIVIDEND>                            (0.64)
<PER-SHARE-DISTRIBUTIONS>                       (0.12)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.24
<EXPENSE-RATIO>                                   0.60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 104
   <NAME> BOND PORTFOLIO - CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                          531,431
<INVESTMENTS-AT-VALUE>                         546,680
<RECEIVABLES>                                    9,501
<ASSETS-OTHER>                                      19
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 556,200
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          588
<TOTAL-LIABILITIES>                                588
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       533,979
<SHARES-COMMON-STOCK>                               77
<SHARES-COMMON-PRIOR>                               29
<ACCUMULATED-NII-CURRENT>                        2,196
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          4,188
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        15,249
<NET-ASSETS>                                   555,612
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               19,796
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,031)
<NET-INVESTMENT-INCOME>                         18,765
<REALIZED-GAINS-CURRENT>                         5,045
<APPREC-INCREASE-CURRENT>                          304
<NET-CHANGE-FROM-OPS>                           24,114
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (45)
<DISTRIBUTIONS-OF-GAINS>                           (6)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,282
<NUMBER-OF-SHARES-REDEEMED>                      (311)
<SHARES-REINVESTED>                                 51
<NET-CHANGE-IN-ASSETS>                          43,943
<ACCUMULATED-NII-PRIOR>                            338
<ACCUMULATED-GAINS-PRIOR>                        2,090
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,606
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  2,060
<AVERAGE-NET-ASSETS>                           536,793
<PER-SHARE-NAV-BEGIN>                            21.05
<PER-SHARE-NII>                                   0.72
<PER-SHARE-GAIN-APPREC>                           0.20
<PER-SHARE-DIVIDEND>                            (0.63)
<PER-SHARE-DISTRIBUTIONS>                       (0.12)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.22
<EXPENSE-RATIO>                                   0.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 121
   <NAME> SHORT INTERMEDIATE BOND PORTFOLIO - CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                          211,293
<INVESTMENTS-AT-VALUE>                         207,921
<RECEIVABLES>                                    3,591
<ASSETS-OTHER>                                      90
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 211,602
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           89
<TOTAL-LIABILITIES>                                 89
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       213,836
<SHARES-COMMON-STOCK>                           10,462
<SHARES-COMMON-PRIOR>                            9,892
<ACCUMULATED-NII-CURRENT>                        1,215
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (166)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (3,372)
<NET-ASSETS>                                   211,513
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               10,023
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (359)
<NET-INVESTMENT-INCOME>                          9,664
<REALIZED-GAINS-CURRENT>                         (124)
<APPREC-INCREASE-CURRENT>                      (3,429)
<NET-CHANGE-FROM-OPS>                            6,111
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (8,459)
<DISTRIBUTIONS-OF-GAINS>                         (267)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         80,690
<NUMBER-OF-SHARES-REDEEMED>                   (76,664)
<SHARES-REINVESTED>                              7,498
<NET-CHANGE-IN-ASSETS>                           9,165
<ACCUMULATED-NII-PRIOR>                             56
<ACCUMULATED-GAINS-PRIOR>                          226
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              595
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    759
<AVERAGE-NET-ASSETS>                           198,715 
<PER-SHARE-NAV-BEGIN>                            20.36
<PER-SHARE-NII>                                   0.97
<PER-SHARE-GAIN-APPREC>                         (0.34)
<PER-SHARE-DIVIDEND>                            (0.86)
<PER-SHARE-DISTRIBUTIONS>                       (0.03)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.10
<EXPENSE-RATIO>                                   0.36
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 124
   <NAME> SHORT INTERMEDIATE BOND PORTFOLIO - CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                          211,293
<INVESTMENTS-AT-VALUE>                         207,921
<RECEIVABLES>                                    3,591
<ASSETS-OTHER>                                      90
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 211,602
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           89
<TOTAL-LIABILITIES>                                 89
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       213,836
<SHARES-COMMON-STOCK>                               59
<SHARES-COMMON-PRIOR>                               44
<ACCUMULATED-NII-CURRENT>                        1,215
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (166)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (3,372)
<NET-ASSETS>                                   211,513
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               10,023
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (359)
<NET-INVESTMENT-INCOME>                          9,664
<REALIZED-GAINS-CURRENT>                         (124)
<APPREC-INCREASE-CURRENT>                      (3,429)
<NET-CHANGE-FROM-OPS>                            6,111
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (46)
<DISTRIBUTIONS-OF-GAINS>                           (1)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            379
<NUMBER-OF-SHARES-REDEEMED>                      (114)
<SHARES-REINVESTED>                                 38
<NET-CHANGE-IN-ASSETS>                           9,165
<ACCUMULATED-NII-PRIOR>                             56
<ACCUMULATED-GAINS-PRIOR>                          226
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              595
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    759
<AVERAGE-NET-ASSETS>                           198,715
<PER-SHARE-NAV-BEGIN>                            20.31
<PER-SHARE-NII>                                   0.93
<PER-SHARE-GAIN-APPREC>                         (0.33)
<PER-SHARE-DIVIDEND>                            (0.83)
<PER-SHARE-DISTRIBUTIONS>                       (0.03)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.05
<EXPENSE-RATIO>                                   0.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 131
   <NAME> U.S. GOV SECURITIES PORTFOLIO - CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                           45,571
<INVESTMENTS-AT-VALUE>                          45,826
<RECEIVABLES>                                      575
<ASSETS-OTHER>                                       8
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  46,409
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           27
<TOTAL-LIABILITIES>                                 27
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        46,038
<SHARES-COMMON-STOCK>                            2,106
<SHARES-COMMON-PRIOR>                            2,154
<ACCUMULATED-NII-CURRENT>                          123
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (34)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           255
<NET-ASSETS>                                    46,382
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                1,532
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    (89)
<NET-INVESTMENT-INCOME>                          1,443
<REALIZED-GAINS-CURRENT>                           137
<APPREC-INCREASE-CURRENT>                         (48)
<NET-CHANGE-FROM-OPS>                            1,532
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (1,217)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          2,675
<NUMBER-OF-SHARES-REDEEMED>                    (4,733)
<SHARES-REINVESTED>                              1,091
<NET-CHANGE-IN-ASSETS>                           (121)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        (171)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              140
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    204
<AVERAGE-NET-ASSETS>                            46,902
<PER-SHARE-NAV-BEGIN>                            19.99
<PER-SHARE-NII>                                   0.63
<PER-SHARE-GAIN-APPREC>                           0.04
<PER-SHARE-DIVIDEND>                            (0.57)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.09
<EXPENSE-RATIO>                                   0.36
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 133
   <NAME> U.S. GOV SECURITIES PORTFOLIO - CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                           45,571
<INVESTMENTS-AT-VALUE>                          45,826
<RECEIVABLES>                                      575
<ASSETS-OTHER>                                       8
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  46,409
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           27
<TOTAL-LIABILITIES>                                 27
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        46,038
<SHARES-COMMON-STOCK>                              166
<SHARES-COMMON-PRIOR>                              156
<ACCUMULATED-NII-CURRENT>                          123
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (34)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           255
<NET-ASSETS>                                    46,382
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                1,532
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    (89)
<NET-INVESTMENT-INCOME>                          1,443
<REALIZED-GAINS-CURRENT>                           137
<APPREC-INCREASE-CURRENT>                         (48)
<NET-CHANGE-FROM-OPS>                            1,532
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (89)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            594
<NUMBER-OF-SHARES-REDEEMED>                      (485)
<SHARES-REINVESTED>                                 89
<NET-CHANGE-IN-ASSETS>                           (121)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        (171)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              140
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    204
<AVERAGE-NET-ASSETS>                            46,902
<PER-SHARE-NAV-BEGIN>                            19.98
<PER-SHARE-NII>                                   0.60
<PER-SHARE-GAIN-APPREC>                           0.03
<PER-SHARE-DIVIDEND>                            (0.54)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.07
<EXPENSE-RATIO>                                   0.60
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 134
   <NAME> U.S. GOV SECURITIES PORTFOLIO - CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                           45,571
<INVESTMENTS-AT-VALUE>                          45,826
<RECEIVABLES>                                      575
<ASSETS-OTHER>                                       8
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  46,409
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           27
<TOTAL-LIABILITIES>                                 27
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        46,038
<SHARES-COMMON-STOCK>                               37
<SHARES-COMMON-PRIOR>                               16
<ACCUMULATED-NII-CURRENT>                          123
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (34)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           255
<NET-ASSETS>                                    46,382
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                1,532
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    (89)
<NET-INVESTMENT-INCOME>                          1,443
<REALIZED-GAINS-CURRENT>                           137
<APPREC-INCREASE-CURRENT>                         (48)
<NET-CHANGE-FROM-OPS>                            1,532
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (14)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            573
<NUMBER-OF-SHARES-REDEEMED>                      (146)
<SHARES-REINVESTED>                                  9
<NET-CHANGE-IN-ASSETS>                           (121)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        (171)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              140
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    204
<AVERAGE-NET-ASSETS>                            46,902
<PER-SHARE-NAV-BEGIN>                            19.94
<PER-SHARE-NII>                                   0.53
<PER-SHARE-GAIN-APPREC>                           0.11
<PER-SHARE-DIVIDEND>                            (0.53)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.05
<EXPENSE-RATIO>                                   0.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 141
   <NAME> US TREASURY INDEX PORTFOLIO - CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                           20,957
<INVESTMENTS-AT-VALUE>                          21,619
<RECEIVABLES>                                      222
<ASSETS-OTHER>                                      70
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  21,911
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           18
<TOTAL-LIABILITIES>                                 18
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        21,592
<SHARES-COMMON-STOCK>                              948
<SHARES-COMMON-PRIOR>                            1,626
<ACCUMULATED-NII-CURRENT>                           33
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (394)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           662
<NET-ASSETS>                                    21,893
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  839
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    (39)
<NET-INVESTMENT-INCOME>                            800
<REALIZED-GAINS-CURRENT>                           661
<APPREC-INCREASE-CURRENT>                        (277)
<NET-CHANGE-FROM-OPS>                            1,184
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (767)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         12,701
<NUMBER-OF-SHARES-REDEEMED>                   (27,221)
<SHARES-REINVESTED>                                278
<NET-CHANGE-IN-ASSETS>                        (13,653)
<ACCUMULATED-NII-PRIOR>                             56
<ACCUMULATED-GAINS-PRIOR>                      (1,055)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               55
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    101
<AVERAGE-NET-ASSETS>                            27,454
<PER-SHARE-NAV-BEGIN>                            20.81
<PER-SHARE-NII>                                   0.63
<PER-SHARE-GAIN-APPREC>                           0.23
<PER-SHARE-DIVIDEND>                            (0.63)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.04
<EXPENSE-RATIO>                                   0.26
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 144
   <NAME> US TREASURY INDEX PORTFOLIO - CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                           20,957
<INVESTMENTS-AT-VALUE>                          21,619
<RECEIVABLES>                                      222
<ASSETS-OTHER>                                      70
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  21,911
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           18
<TOTAL-LIABILITIES>                                 18
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        21,592
<SHARES-COMMON-STOCK>                               93
<SHARES-COMMON-PRIOR>                               82
<ACCUMULATED-NII-CURRENT>                           33
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (394)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           662
<NET-ASSETS>                                    21,893
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  839
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    (39)
<NET-INVESTMENT-INCOME>                            800
<REALIZED-GAINS-CURRENT>                           661
<APPREC-INCREASE-CURRENT>                        (277)
<NET-CHANGE-FROM-OPS>                            1,184
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (56)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            354
<NUMBER-OF-SHARES-REDEEMED>                      (154)
<SHARES-REINVESTED>                                 28
<NET-CHANGE-IN-ASSETS>                        (13,653)
<ACCUMULATED-NII-PRIOR>                             56
<ACCUMULATED-GAINS-PRIOR>                      (1,055)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               55
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    101
<AVERAGE-NET-ASSETS>                            27,454
<PER-SHARE-NAV-BEGIN>                            20.77
<PER-SHARE-NII>                                   0.57
<PER-SHARE-GAIN-APPREC>                           0.25
<PER-SHARE-DIVIDEND>                              0.59
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.00
<EXPENSE-RATIO>                                   0.65
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 151
   <NAME> BALANCED PORTFOLIO - CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                           43,937
<INVESTMENTS-AT-VALUE>                          55,208
<RECEIVABLES>                                      864
<ASSETS-OTHER>                                      29
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  56,101
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           43
<TOTAL-LIABILITIES>                                 43
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        38,772
<SHARES-COMMON-STOCK>                            3,504
<SHARES-COMMON-PRIOR>                            3,787
<ACCUMULATED-NII-CURRENT>                          364
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          5,651
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        11,271
<NET-ASSETS>                                    56,058
<DIVIDEND-INCOME>                                  345
<INTEREST-INCOME>                                  636
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (185)
<NET-INVESTMENT-INCOME>                            796
<REALIZED-GAINS-CURRENT>                         5,652
<APPREC-INCREASE-CURRENT>                        (796)
<NET-CHANGE-FROM-OPS>                            5,652
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (449)
<DISTRIBUTIONS-OF-GAINS>                       (1,990)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            556
<NUMBER-OF-SHARES-REDEEMED>                    (1,024)
<SHARES-REINVESTED>                                185
<NET-CHANGE-IN-ASSETS>                           (326)
<ACCUMULATED-NII-PRIOR>                             60
<ACCUMULATED-GAINS-PRIOR>                        2,192
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              232
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    301
<AVERAGE-NET-ASSETS>                            52,451
<PER-SHARE-NAV-BEGIN>                            13.59
<PER-SHARE-NII>                                   0.20
<PER-SHARE-GAIN-APPREC>                           1.09
<PER-SHARE-DIVIDEND>                            (0.12)
<PER-SHARE-DISTRIBUTIONS>                       (0.51)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.25
<EXPENSE-RATIO>                                   0.61
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 153
   <NAME> BALANCED PORTFOLIO - CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                           43,937
<INVESTMENTS-AT-VALUE>                          55,208
<RECEIVABLES>                                      864
<ASSETS-OTHER>                                      29
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  56,101
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           43
<TOTAL-LIABILITIES>                                 43
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        38,772
<SHARES-COMMON-STOCK>                              379
<SHARES-COMMON-PRIOR>                              338
<ACCUMULATED-NII-CURRENT>                          364
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          5,651
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        11,271
<NET-ASSETS>                                    56,058
<DIVIDEND-INCOME>                                  345
<INTEREST-INCOME>                                  636
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (185)
<NET-INVESTMENT-INCOME>                            796
<REALIZED-GAINS-CURRENT>                         5,652
<APPREC-INCREASE-CURRENT>                        (796)
<NET-CHANGE-FROM-OPS>                            5,652
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (38)
<DISTRIBUTIONS-OF-GAINS>                         (174)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             44
<NUMBER-OF-SHARES-REDEEMED>                       (20)
<SHARES-REINVESTED>                                 17
<NET-CHANGE-IN-ASSETS>                           (326)
<ACCUMULATED-NII-PRIOR>                             60
<ACCUMULATED-GAINS-PRIOR>                        2,192
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              232
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    301
<AVERAGE-NET-ASSETS>                             5,010
<PER-SHARE-NAV-BEGIN>                            13.56
<PER-SHARE-NII>                                   0.17
<PER-SHARE-GAIN-APPREC>                           1.10
<PER-SHARE-DIVIDEND>                            (0.11)
<PER-SHARE-DISTRIBUTIONS>                       (0.51)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.21
<EXPENSE-RATIO>                                   0.85
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 154
   <NAME> BALANCED PORTFOLIO - CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                           43,937
<INVESTMENTS-AT-VALUE>                          55,208
<RECEIVABLES>                                      864
<ASSETS-OTHER>                                      29
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  56,101
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           43
<TOTAL-LIABILITIES>                                 43
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        38,772
<SHARES-COMMON-STOCK>                               53
<SHARES-COMMON-PRIOR>                               24
<ACCUMULATED-NII-CURRENT>                          364
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          5,651
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        11,271
<NET-ASSETS>                                    56,058
<DIVIDEND-INCOME>                                  345
<INTEREST-INCOME>                                  636
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (185)
<NET-INVESTMENT-INCOME>                            796
<REALIZED-GAINS-CURRENT>                         5,652
<APPREC-INCREASE-CURRENT>                        (796)
<NET-CHANGE-FROM-OPS>                            5,652
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          (5)
<DISTRIBUTIONS-OF-GAINS>                          (29)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             43
<NUMBER-OF-SHARES-REDEEMED>                       (16)
<SHARES-REINVESTED>                                  2
<NET-CHANGE-IN-ASSETS>                           (326)
<ACCUMULATED-NII-PRIOR>                             60
<ACCUMULATED-GAINS-PRIOR>                        2,192
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              232
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    301
<AVERAGE-NET-ASSETS>                               726
<PER-SHARE-NAV-BEGIN>                            13.54
<PER-SHARE-NII>                                   0.21
<PER-SHARE-GAIN-APPREC>                           1.04
<PER-SHARE-DIVIDEND>                            (0.10)
<PER-SHARE-DISTRIBUTIONS>                       (0.51)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.18
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 161
   <NAME> INTERNATIONAL BOND PORTFOLIO - CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                           25,716
<INVESTMENTS-AT-VALUE>                          25,155
<RECEIVABLES>                                      560
<ASSETS-OTHER>                                     234
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  25,949
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           34
<TOTAL-LIABILITIES>                                 34
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        25,993
<SHARES-COMMON-STOCK>                            1,290
<SHARES-COMMON-PRIOR>                            1,310
<ACCUMULATED-NII-CURRENT>                          428
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                             63
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         (569)
<NET-ASSETS>                                    25,915
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  810
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (124)
<NET-INVESTMENT-INCOME>                            686
<REALIZED-GAINS-CURRENT>                           137
<APPREC-INCREASE-CURRENT>                        (348)
<NET-CHANGE-FROM-OPS>                              475
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (295)
<DISTRIBUTIONS-OF-GAINS>                         (385)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            727
<NUMBER-OF-SHARES-REDEEMED>                    (1,752)
<SHARES-REINVESTED>                                620
<NET-CHANGE-IN-ASSETS>                           (559)
<ACCUMULATED-NII-PRIOR>                             38
<ACCUMULATED-GAINS-PRIOR>                          313
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              116
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    204
<AVERAGE-NET-ASSETS>                            25,808
<PER-SHARE-NAV-BEGIN>                            20.13
<PER-SHARE-NII>                                   0.53
<PER-SHARE-GAIN-APPREC>                         (0.14)
<PER-SHARE-DIVIDEND>                            (0.23)
<PER-SHARE-DISTRIBUTIONS>                       (0.30)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              19.99
<EXPENSE-RATIO>                                   0.96
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 164
   <NAME> INTERNATIONAL BOND PORTFOLIO - CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                           25,716
<INVESTMENTS-AT-VALUE>                          25,155
<RECEIVABLES>                                      560
<ASSETS-OTHER>                                     234
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  25,949
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           34
<TOTAL-LIABILITIES>                                 34
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        25,993
<SHARES-COMMON-STOCK>                                7
<SHARES-COMMON-PRIOR>                                5
<ACCUMULATED-NII-CURRENT>                          428
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                             63
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         (569)
<NET-ASSETS>                                    25,915
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  810
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (124)
<NET-INVESTMENT-INCOME>                            686
<REALIZED-GAINS-CURRENT>                           137
<APPREC-INCREASE-CURRENT>                        (348)
<NET-CHANGE-FROM-OPS>                              475
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          (1)
<DISTRIBUTIONS-OF-GAINS>                           (2)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             55
<NUMBER-OF-SHARES-REDEEMED>                        (4)
<SHARES-REINVESTED>                                  3
<NET-CHANGE-IN-ASSETS>                           (559)
<ACCUMULATED-NII-PRIOR>                             38
<ACCUMULATED-GAINS-PRIOR>                          313
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              116
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    204
<AVERAGE-NET-ASSETS>                            25,808
<PER-SHARE-NAV-BEGIN>                            20.06
<PER-SHARE-NII>                                   0.46
<PER-SHARE-GAIN-APPREC>                         (0.11)
<PER-SHARE-DIVIDEND>                            (0.21)
<PER-SHARE-DISTRIBUTIONS>                       (0.30)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              19.90
<EXPENSE-RATIO>                                   1.35
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 171
   <NAME> INTERNATIONAL GROWTH PORTFOLIO - CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                           94,655
<INVESTMENTS-AT-VALUE>                         113,286
<RECEIVABLES>                                    4,129
<ASSETS-OTHER>                                      13
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 117,428
<PAYABLE-FOR-SECURITIES>                         2,630
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          669
<TOTAL-LIABILITIES>                              3,299
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        93,430
<SHARES-COMMON-STOCK>                            9,549
<SHARES-COMMON-PRIOR>                           10,154
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (27)
<ACCUMULATED-NET-GAINS>                          2,085
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        18,641
<NET-ASSETS>                                   114,129
<DIVIDEND-INCOME>                                1,119
<INTEREST-INCOME>                                  178
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (571)
<NET-INVESTMENT-INCOME>                            726
<REALIZED-GAINS-CURRENT>                         6,147
<APPREC-INCREASE-CURRENT>                       14,286
<NET-CHANGE-FROM-OPS>                           21,159
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (1,630)
<DISTRIBUTIONS-OF-GAINS>                       (5,678)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            387
<NUMBER-OF-SHARES-REDEEMED>                      1,636
<SHARES-REINVESTED>                                644
<NET-CHANGE-IN-ASSETS>                           7,121
<ACCUMULATED-NII-PRIOR>                            880
<ACCUMULATED-GAINS-PRIOR>                        1,631
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              538
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    696
<AVERAGE-NET-ASSETS>                           107,563
<PER-SHARE-NAV-BEGIN>                            10.52
<PER-SHARE-NII>                                   0.08
<PER-SHARE-GAIN-APPREC>                           2.04
<PER-SHARE-DIVIDEND>                            (0.16)
<PER-SHARE-DISTRIBUTIONS>                       (0.57)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.91
<EXPENSE-RATIO>                                   1.06
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 174
   <NAME> INTERNATIONAL GROWTH PORTFOLIO - CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                           94,655
<INVESTMENTS-AT-VALUE>                         113,286
<RECEIVABLES>                                    4,129
<ASSETS-OTHER>                                      13
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 117,428
<PAYABLE-FOR-SECURITIES>                         2,630
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          669
<TOTAL-LIABILITIES>                              3,299
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        93,430
<SHARES-COMMON-STOCK>                               33
<SHARES-COMMON-PRIOR>                               23
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (27)
<ACCUMULATED-NET-GAINS>                          2,085
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        18,641
<NET-ASSETS>                                   114,129
<DIVIDEND-INCOME>                                1,119
<INTEREST-INCOME>                                  178
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (571)
<NET-INVESTMENT-INCOME>                            726
<REALIZED-GAINS-CURRENT>                         6,147
<APPREC-INCREASE-CURRENT>                       14,286
<NET-CHANGE-FROM-OPS>                           21,159
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          (3)
<DISTRIBUTIONS-OF-GAINS>                          (15)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             11
<NUMBER-OF-SHARES-REDEEMED>                          3
<SHARES-REINVESTED>                                  2
<NET-CHANGE-IN-ASSETS>                           7,121
<ACCUMULATED-NII-PRIOR>                            880
<ACCUMULATED-GAINS-PRIOR>                        1,631
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              538
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    696
<AVERAGE-NET-ASSETS>                               341
<PER-SHARE-NAV-BEGIN>                            10.39
<PER-SHARE-NII>                                   0.08
<PER-SHARE-GAIN-APPREC>                           2.00
<PER-SHARE-DIVIDEND>                            (0.14)
<PER-SHARE-DISTRIBUTIONS>                       (0.57)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.76
<EXPENSE-RATIO>                                   1.45
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 181
   <NAME> INTERNATIONAL EQUITY INDEX PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                           43,978
<INVESTMENTS-AT-VALUE>                          47,879
<RECEIVABLES>                                      206
<ASSETS-OTHER>                                     400
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  48,485
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           37
<TOTAL-LIABILITIES>                                 37
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        43,160
<SHARES-COMMON-STOCK>                            4,042
<SHARES-COMMON-PRIOR>                            3,245
<ACCUMULATED-NII-CURRENT>                           21
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          1,371
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         3,896
<NET-ASSETS>                                    48,448
<DIVIDEND-INCOME>                                  497
<INTEREST-INCOME>                                   23
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (135)
<NET-INVESTMENT-INCOME>                            385
<REALIZED-GAINS-CURRENT>                         1,376
<APPREC-INCREASE-CURRENT>                        5,147
<NET-CHANGE-FROM-OPS>                            6,908
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (678)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,669
<NUMBER-OF-SHARES-REDEEMED>                        935
<SHARES-REINVESTED>                                 63
<NET-CHANGE-IN-ASSETS>                          14,204
<ACCUMULATED-NII-PRIOR>                            314
<ACCUMULATED-GAINS-PRIOR>                          (5)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              120
<INTEREST-EXPENSE>                                  13
<GROSS-EXPENSE>                                    240
<AVERAGE-NET-ASSETS>                            48,050
<PER-SHARE-NAV-BEGIN>                            10.55
<PER-SHARE-NII>                                   0.08
<PER-SHARE-GAIN-APPREC>                           1.53
<PER-SHARE-DIVIDEND>                            (0.17)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.99
<EXPENSE-RATIO>                                   0.57
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BENCHMARK FUNDS SEMI-ANNUAL REPORT DATED MAY 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 191
   <NAME> INTERMEDIATE BOND PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1998
<PERIOD-START>                             DEC-01-1997
<PERIOD-END>                               MAY-31-1998
<INVESTMENTS-AT-COST>                           24,169
<INVESTMENTS-AT-VALUE>                          24,213
<RECEIVABLES>                                      349
<ASSETS-OTHER>                                      64
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  24,626
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           45
<TOTAL-LIABILITIES>                                 45
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        24,507
<SHARES-COMMON-STOCK>                            1,226
<SHARES-COMMON-PRIOR>                              603
<ACCUMULATED-NII-CURRENT>                           42
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (12)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                            44
<NET-ASSETS>                                    24,581
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  549
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    (30)
<NET-INVESTMENT-INCOME>                            519
<REALIZED-GAINS-CURRENT>                             9
<APPREC-INCREASE-CURRENT>                          105
<NET-CHANGE-FROM-OPS>                              633
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (496)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         16,460
<NUMBER-OF-SHARES-REDEEMED>                    (4,509)
<SHARES-REINVESTED>                                496
<NET-CHANGE-IN-ASSETS>                          12,584
<ACCUMULATED-NII-PRIOR>                             19
<ACCUMULATED-GAINS-PRIOR>                         (21)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               51
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     96
<AVERAGE-NET-ASSETS>                            16,937
<PER-SHARE-NAV-BEGIN>                            19.89
<PER-SHARE-NII>                                   0.57
<PER-SHARE-GAIN-APPREC>                           0.16
<PER-SHARE-DIVIDEND>                            (0.57)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.05
<EXPENSE-RATIO>                                   0.36
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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