MOSAIC INCOME TRUST
NSAR-A, 1999-08-16
Previous: MOSAIC EQUITY TRUST, NSAR-A, 1999-08-16
Next: QMS INC, 10-Q, 1999-08-16



<PAGE>      PAGE  1
000 A000000 06/30/1999
000 C000000 0000710978
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 MOSAIC INCOME TRUST
001 B000000 811-3616
001 C000000 7035283600
002 A000000 1655 FORT MYER DRIVE
002 B000000 ARLINGTON
002 C000000 VA
002 D010000 22209
002 D020000 3108
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 HIGH YIELD FUND
007 C030100 N
007 C010200  2
007 C020200 GOVERNMENT FUND
007 C030200 N
007 C010300  3
007 C020300 MOSAIC BOND FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 BANKERS FINANCE ADVISORS, LLC
008 B00AA01 A
008 C00AA01 801-52751
008 D01AA01 ARLINGTON
008 D02AA01 VA
008 D03AA01 22209
008 D04AA01 3108
008 A00AA02 MADISON INVESTMENT ADVISORS, INC.
008 B00AA02 A
008 C00AA02 801-9840
008 D01AA02 MADISON
008 D02AA02 WI
<PAGE>      PAGE  2
008 D03AA02 53705
011 A00AA01 MOSAIC FUNDS DISTRIBUTOR, LLC
011 B00AA01 8-50894
011 C01AA01 ARLINGTON
011 C02AA01 VA
011 C03AA01 22209
011 C04AA01 3108
012 A00AA01 MOSAIC INCOME TRUST
012 B00AA01 84-1186
012 C01AA01 ARLINTON
012 C02AA01 VA
012 C03AA01 22209
012 C04AA01 3108
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 PRINCETON
013 B02AA01 NJ
013 B03AA01 08540
014 A00AA01 MOSAIC FUNDS DISTRIBUTOR, LLC
014 B00AA01 8-50894
015 A00AA01 FIRSTAR BANK, NA
015 B00AA01 C
015 C01AA01 CINCINNATI
015 C02AA01 OH
015 C03AA01 45202
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   15
019 C00AA00 MOSAICFUND
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 DONALDSON, LUFKIN & JENRETTE
022 B000001 13-1898818
022 C000001     62069
022 D000001         0
022 A000002 SOUTHWEST SECURITIES
022 B000002 75-1382137
022 C000002      1360
022 D000002      2689
022 A000003 PAINE WEBBER
022 B000003 13-2638166
022 C000003       367
<PAGE>      PAGE  3
022 D000003       252
022 A000004 GOLDMAN SACHS
022 B000004 13-5108880
022 C000004       262
022 D000004       258
022 A000005 MERRILL LYNCH
022 B000005 13-5674085
022 C000005       501
022 D000005         0
022 A000006 GRUNTAL & CO
022 B000006 13-3179854
022 C000006       421
022 D000006        42
022 A000007 WARBURG DILLON READ
022 B000007 13-3873456
022 C000007         0
022 D000007       145
022 A000008 PRUDENTIAL
022 B000008 22-2347336
022 C000008         0
022 D000008       109
022 A000009 GX CLARKE
022 B000009 13-2969143
022 C000009         0
022 D000009        76
022 C000010         0
022 D000010         0
023 C000000      64981
023 D000000       3572
024  00AA00 N
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 N
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
<PAGE>      PAGE  4
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00     1000
066 A00AA00 N
067  00AA00 N
068 A00AA00 N
068 B00AA00 N
069  00AA00 N
070 A01AA00 Y
070 A02AA00 Y
070 B01AA00 N
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 Y
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 N
070 J02AA00 N
070 K01AA00 N
070 K02AA00 N
070 L01AA00 Y
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 Y
070 N02AA00 N
<PAGE>      PAGE  5
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
077 A000000 N
078  000000 N
080 C00AA00        0
081 B00AA00   0
082 B00AA00        0
083 B00AA00        0
084 B00AA00        0
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
028 A010100        79
028 A020100         4
028 A030100         0
028 A040100       141
028 B010100        40
028 B020100        27
028 B030100         0
028 B040100       107
028 C010100        74
028 C020100        30
028 C030100         0
028 C040100       151
028 D010100        72
028 D020100        30
028 D030100         0
028 D040100       336
028 E010100        88
028 E020100        24
028 E030100         0
028 E040100       201
028 F010100        42
028 F020100        22
028 F030100         0
028 F040100       172
<PAGE>      PAGE  6
028 G010100       396
028 G020100       137
028 G030100         0
028 G040100      1107
028 H000100         0
029  000100 N
030 A000100      0
030 B000100  0.00
030 C000100  0.00
031 A000100      0
031 B000100      0
032  000100      0
033  000100      0
034  000100 N
035  000100      0
036 B000100      0
037  000100 N
038  000100      0
039  000100 N
040  000100 N
041  000100 N
042 A000100   0
042 B000100   0
042 C000100   0
042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100      0
044  000100      0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.625
048 A010100        0
048 A020100 0.000
048 B010100        0
048 B020100 0.000
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
<PAGE>      PAGE  7
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100        0
048 K020100 0.000
062 A000100 Y
062 B000100   0.0
062 C000100   0.0
062 D000100   1.1
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   9.5
062 O000100   0.0
062 P000100  85.3
062 Q000100   0.0
062 R000100   4.1
063 A000100   0
063 B000100  6.6
064 A000100 N
064 B000100 N
071 A000100      2242
071 B000100      2905
071 C000100      5680
071 D000100   39
072 A000100  6
072 B000100      241
072 C000100        0
072 D000100        0
072 E000100        1
072 F000100       18
072 G000100        0
072 H000100        0
072 I000100       15
072 J000100        0
072 K000100        0
072 L000100        0
072 M000100        0
072 N000100        0
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100        0
072 S000100        0
<PAGE>      PAGE  8
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100        0
072 X000100       33
072 Y000100        0
072 Z000100      209
072AA000100       57
072BB000100      359
072CC010100        0
072CC020100       20
072DD010100      209
072DD020100        0
072EE000100        0
073 A010100   0.2463
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100        1
074 B000100       59
074 C000100      496
074 D000100     4483
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100      122
074 K000100        0
074 L000100      104
074 M000100        0
074 N000100     5265
074 O000100        0
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100        7
074 S000100        0
074 T000100     5258
074 U010100      804
074 U020100        0
074 V010100     6.54
074 V020100     0.00
074 W000100   0.0000
074 X000100      288
074 Y000100        0
075 A000100        0
075 B000100     5769
076  000100     0.00
<PAGE>      PAGE  9
028 A010200        64
028 A020200        19
028 A030200         0
028 A040200        87
028 B010200        62
028 B020200        19
028 B030200         0
028 B040200       114
028 C010200        23
028 C020200        20
028 C030200         0
028 C040200        59
028 D010200        89
028 D020200        21
028 D030200         0
028 D040200       100
028 E010200        17
028 E020200        19
028 E030200         0
028 E040200        90
028 F010200        41
028 F020200        20
028 F030200         0
028 F040200        17
028 G010200       297
028 G020200       118
028 G030200         0
028 G040200       467
028 H000200         0
029  000200 N
030 A000200      0
030 B000200  0.00
030 C000200  0.00
031 A000200      0
031 B000200      0
032  000200      0
033  000200      0
034  000200 N
035  000200      0
036 B000200      0
037  000200 N
038  000200      0
039  000200 N
040  000200 N
041  000200 N
042 A000200   0
042 B000200   0
042 C000200   0
042 D000200   0
042 E000200   0
042 F000200   0
<PAGE>      PAGE  10
042 G000200   0
042 H000200   0
043  000200      0
044  000200      0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.625
048 A010200        0
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
062 A000200 Y
062 B000200   0.0
062 C000200   0.0
062 D000200   4.3
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200  47.2
062 N000200  37.4
062 O000200   0.0
062 P000200   0.0
062 Q000200  10.1
062 R000200   1.0
063 A000200   0
063 B000200  7.2
064 A000200 N
<PAGE>      PAGE  11
064 B000200 N
071 A000200       605
071 B000200       589
071 C000200      5531
071 D000200   11
072 A000200  6
072 B000200      162
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200       17
072 G000200        0
072 H000200        0
072 I000200       14
072 J000200        0
072 K000200        0
072 L000200        0
072 M000200        0
072 N000200        0
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200        0
072 S000200        0
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200        0
072 X000200       31
072 Y000200        0
072 Z000200      131
072AA000200       13
072BB000200        1
072CC010200        0
072CC020200      269
072DD010200      131
072DD020200        0
072EE000200        0
073 A010200   0.2337
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200        1
074 B000200      235
074 C000200        0
074 D000200     5160
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
<PAGE>      PAGE  12
074 J000200        0
074 K000200        0
074 L000200       60
074 M000200        0
074 N000200     5456
074 O000200        0
074 P000200        0
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200        2
074 S000200        0
074 T000200     5454
074 U010200      559
074 U020200        0
074 V010200     9.76
074 V020200     0.00
074 W000200   0.0000
074 X000200      306
074 Y000200        0
075 A000200        0
075 B000200     5577
076  000200     0.00
028 A010300         0
028 A020300         3
028 A030300         0
028 A040300         0
028 B010300         0
028 B020300         3
028 B030300         0
028 B040300         6
028 C010300         0
028 C020300         3
028 C030300         0
028 C040300         0
028 D010300         0
028 D020300         3
028 D030300         0
028 D040300        83
028 E010300         0
028 E020300         2
028 E030300         0
028 E040300        50
028 F010300         0
028 F020300         2
028 F030300       640
028 F040300        31
028 G010300         0
028 G020300        16
028 G030300       640
<PAGE>      PAGE  13
028 G040300       171
028 H000300         0
029  000300 N
030 A000300      0
030 B000300  0.00
030 C000300  0.00
031 A000300      0
031 B000300      0
032  000300      0
033  000300      0
034  000300 N
035  000300      0
036 B000300      0
037  000300 N
038  000300      0
039  000300 N
040  000300 N
042 A000300   0
042 B000300   0
042 C000300   0
042 D000300   0
042 E000300   0
042 F000300   0
042 G000300   0
042 H000300   0
043  000300      0
044  000300      0
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.500
048 A010300        0
048 A020300 0.000
048 B010300        0
048 B020300 0.000
048 C010300        0
048 C020300 0.000
048 D010300        0
048 D020300 0.000
048 E010300        0
048 E020300 0.000
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
048 J020300 0.000
<PAGE>      PAGE  14
048 K010300        0
048 K020300 0.000
062 A000300 Y
062 B000300   0.0
062 C000300   0.0
062 D000300   3.6
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   0.0
062 M000300  22.1
062 N000300   5.4
062 O000300   0.0
062 P000300  67.4
062 Q000300   0.0
062 R000300   1.5
063 A000300   0
063 B000300  6.5
064 A000300 N
064 B000300 N
071 A000300        64
071 B000300       170
071 C000300       746
071 D000300    9
072 A000300  6
072 B000300       22
072 C000300        0
072 D000300        0
072 E000300        0
072 F000300        2
072 G000300        0
072 H000300        0
072 I000300        2
072 J000300        0
072 K000300        0
072 L000300        0
072 M000300        0
072 N000300        0
072 O000300        0
072 P000300        0
072 Q000300        0
072 R000300        0
072 S000300        0
072 T000300        0
072 U000300        0
072 V000300        0
072 W000300        0
<PAGE>      PAGE  15
072 X000300        4
072 Y000300        0
072 Z000300       18
072AA000300        2
072BB000300        2
072CC010300        0
072CC020300       29
072DD010300       18
072DD020300        0
072EE000300        0
073 A010300   0.5000
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300        1
074 B000300       23
074 C000300        0
074 D000300      607
074 E000300        0
074 F000300        0
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300        0
074 K000300        0
074 L000300        9
074 M000300        0
074 N000300      640
074 O000300        0
074 P000300        0
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300        0
074 S000300        0
074 T000300      640
074 U010300       31
074 U020300        0
074 V010300    20.42
074 V020300     0.00
074 W000300   0.0000
074 X000300       53
074 Y000300        0
075 A000300        0
075 B000300      758
076  000300     0.00
SIGNATURE   RICHARD MASON
TITLE       GENERAL COUNSEL



<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the registrant's
current Form NSAR, Semi-Annual Report and prospectus and is qualified in its
entirety by reference to such source documents.
</LEGEND>
<CIK> 0000710978
<NAME> MOSAIC INCOME TRUST
<SERIES>
   <NUMBER> 1
   <NAME> HIGH YIELD FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                            5,087
<INVESTMENTS-AT-VALUE>                           5,039
<RECEIVABLES>                                      226
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   5,265
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            7
<TOTAL-LIABILITIES>                                  7
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         6,587
<SHARES-COMMON-STOCK>                              804
<SHARES-COMMON-PRIOR>                              889
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (1,281)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          (48)
<NET-ASSETS>                                     5,258
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  241
<OTHER-INCOME>                                       1
<EXPENSES-NET>                                      33
<NET-INVESTMENT-INCOME>                            209
<REALIZED-GAINS-CURRENT>                         (302)
<APPREC-INCREASE-CURRENT>                         (20)
<NET-CHANGE-FROM-OPS>                            (112)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          209
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            396
<NUMBER-OF-SHARES-REDEEMED>                      1,108
<SHARES-REINVESTED>                                137
<NET-CHANGE-IN-ASSETS>                           (896)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        (979)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               18
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     33
<AVERAGE-NET-ASSETS>                             5,769
<PER-SHARE-NAV-BEGIN>                             6.92
<PER-SHARE-NII>                                   0.25
<PER-SHARE-GAIN-APPREC>                         (0.63)
<PER-SHARE-DIVIDEND>                              0.25
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               6.54
<EXPENSE-RATIO>                                   1.13


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the registrant's
current Form NSAR, semi-annual report and prospectus and is qualified in its
entirety by reference to such source documents.
</LEGEND>
<CIK> 0000710978
<NAME> MOSAIC INCOME TRUST
<SERIES>
   <NUMBER> 2
   <NAME> GOVERNMENT FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                            5,400
<INVESTMENTS-AT-VALUE>                           5,395
<RECEIVABLES>                                       60
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   5,456
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            3
<TOTAL-LIABILITIES>                                  3
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         5,824
<SHARES-COMMON-STOCK>                              559
<SHARES-COMMON-PRIOR>                              564
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (366)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           (5)
<NET-ASSETS>                                     5,454
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  162
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      31
<NET-INVESTMENT-INCOME>                            131
<REALIZED-GAINS-CURRENT>                            12
<APPREC-INCREASE-CURRENT>                        (269)
<NET-CHANGE-FROM-OPS>                            (127)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          131
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            297
<NUMBER-OF-SHARES-REDEEMED>                        467
<SHARES-REINVESTED>                                118
<NET-CHANGE-IN-ASSETS>                           (309)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        (377)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               17
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     31
<AVERAGE-NET-ASSETS>                             5,577
<PER-SHARE-NAV-BEGIN>                            10.22
<PER-SHARE-NII>                                   0.23
<PER-SHARE-GAIN-APPREC>                         (0.69)
<PER-SHARE-DIVIDEND>                              0.23
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.76
<EXPENSE-RATIO>                                   1.12


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule constains summary financial data extracted from the registrant's
current Form NSAR, semi-annual report and prospectus and is qualified in its
entirety by reference to such source documents.
</LEGEND>
<CIK> 0000710978
<NAME> MOSAIC INCOME TRUST
<SERIES>
   <NUMBER> 3
   <NAME> BOND FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                              638
<INVESTMENTS-AT-VALUE>                             631
<RECEIVABLES>                                        9
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                     640
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                           932
<SHARES-COMMON-STOCK>                               31
<SHARES-COMMON-PRIOR>                               39
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (284)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           (8)
<NET-ASSETS>                                       640
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                   22
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       4
<NET-INVESTMENT-INCOME>                             18
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                         (29)
<NET-CHANGE-FROM-OPS>                             (11)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           18
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                        171
<SHARES-REINVESTED>                                 16
<NET-CHANGE-IN-ASSETS>                           (183)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        (284)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                2
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                      4
<AVERAGE-NET-ASSETS>                               758
<PER-SHARE-NAV-BEGIN>                            21.21
<PER-SHARE-NII>                                    0.5
<PER-SHARE-GAIN-APPREC>                         (1.29)
<PER-SHARE-DIVIDEND>                               0.5
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.42
<EXPENSE-RATIO>                                   1.07


</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission