<PAGE> PAGE 1
000 B000000 12/31/98
000 C000000 0000719211
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 NEW ENGLAND ZENITH FUND
001 B000000 811-3728
001 C000000 6172676600
002 A000000 399 BOYLSTON STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02116
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 14
007 C010100 1
007 C020100 BACK BAY ADVISORS BOND INCOME SERIES
007 C030100 N
007 C010200 2
007 C020200 CAPITAL GROWTH SERIES
007 C030200 N
007 C010300 3
007 C020300 BACK BAY ADVISORS MONEY MARKET SERIES
007 C030300 N
007 C010400 4
007 C020400 WESTPEAK STOCK INDEX SERIES
007 C030400 N
007 C010500 5
007 C020500 BACK BAY ADVISORS MANAGED SERIES
007 C030500 N
007 C010600 6
007 C020600 GOLDMAN SACHS MIDCAP VALUE SERIES
007 C030600 N
007 C010700 7
007 C020700 WESTPEAK GROWTH & INCOME SERIES
007 C030700 N
007 C010800 8
007 C020800 LOOMIS SAYLES SMALL CAP SERIES
007 C030800 N
007 C010900 9
007 C020900 LOOMIS SAYLES BALANCED SERIES
007 C030900 N
007 C011000 10
007 C021000 MORGAN STANLEY INTL MAGNUM EQUITY SERIES
<PAGE> PAGE 2
007 C031000 N
007 C011100 11
007 C021100 SALOMON BROTHERS U.S. GOVERNMENT SERIES
007 C031100 N
007 C011200 12
007 C021200 SALOMON BROTHERS STRATEGIC BOND OPP SERIES
007 C031200 N
007 C011300 13
007 C021300 DAVIS VENTURE VALUE SERIES
007 C031300 N
007 C011400 14
007 C021400 ALGER EQUITY GROWTH SERIES
007 C031400 N
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 NVEST SERVICE COMPANY, INC.
010 B00AA01 8-46325
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02116
011 A00AA01 NEW ENGLAND SECURITIES
011 B00AA01 8-13910
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02117
012 A00AA01 NEW ENGLAND LIFE INSURANCE COMPANY
012 B00AA01 84-
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02117
013 A00AA01 DELOITTE & TOUCHE
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
015 A00AA01 STATE STREET BANK & TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02102
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 30
019 C00AA00 NELILOOMIS
020 A000001 LEWCO SECURITIES
020 B000001 13-2675944
020 C000001 687
<PAGE> PAGE 3
020 A000002 FRED ALGER & CO.
020 B000002 13-2665689
020 C000002 417
020 A000003 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000003 13-5674085
020 C000003 405
020 A000004 DONALDSON, LUFKIN & JENRETTE
020 B000004 13-5033225
020 C000004 269
020 A000005 GOLDMAN SACHS
020 B000005 13-5108880
020 C000005 253
020 A000006 SMITH BARNEY, INC.
020 B000006 13-1912900
020 C000006 207
020 A000007 BEAR, STEARNS SECURITIES
020 B000007 13-4946705
020 C000007 200
020 A000008 LEHMAN BROTHERS, INC.
020 B000008 13-2518468
020 C000008 179
020 A000009 BERNSTEIN SANFORD & CO.
020 C000009 124
020 A000010 CS FIRST BOSTON CORP.
020 C000010 105
021 000000 4763
022 A000001 STATE STREET BANK & TRUST CO.
022 B000001 04-1867445
022 C000001 7446275
022 D000001 0
022 A000002 ASSOCIATES CORP OF NORTH AMERICA
022 B000002 74-1494554
022 C000002 1879791
022 D000002 0
022 A000003 GOLDMAN SACHS
022 B000003 13-5108880
022 C000003 1168289
022 D000003 18223
022 A000004 CHEVRON OIL FINANCE CORP.
022 B000004 25-1215010
022 C000004 1122036
022 D000004 0
022 A000005 WARBURG, DILLON & REED
022 C000005 869571
022 D000005 15197
022 A000006 HOUSEHOLD FINANCE
022 B000006 36-1239445
022 C000006 855891
022 D000006 0
022 A000007 AMERICAN EXPRESS INC.
022 B000007 13-2518466
<PAGE> PAGE 4
022 C000007 731284
022 D000007 0
022 A000008 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000008 13-5674085
022 C000008 682610
022 D000008 48141
022 A000009 EXXON CORP.
022 C000009 287386
022 D000009 0
022 A000010 J.P. MORGAN
022 B000010 13-3224016
022 C000010 242317
022 D000010 23120
023 C000000 16543033
023 D000000 841810
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
054 A00AA00 Y
<PAGE> PAGE 5
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
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 N
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 0
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 Y
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
<PAGE> PAGE 6
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
008 A000101 TNE ADVISORS, INC.
008 B000101 A
008 C000101 801-47459
008 D010101 BOSTON
008 D020101 MA
008 D030101 02117
008 A000102 BACK BAY ADVISORS, L.P.
008 B000102 S
008 C000102 801-27694
008 D010102 BOSTON
008 D020102 MA
008 D030102 02116
008 A000113 TNE ADVISORS, INC.
008 B000113 A
008 C000113 801-47459
008 D010113 BOSTON
008 D020113 MA
008 D030113 02117
008 A000114 BACK BAY ADVISORS, L.P.
008 B000114 S
008 C000114 801-27694
008 D010114 BOSTON
008 D020114 MA
008 D030114 02116
024 000100 Y
025 A000101 ASSOCIATES CORP. OF NORTH AMERICA
025 B000101 74-1494554
025 C000101 D
025 D000101 9761
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 7337
028 A020100 363
028 A030100 0
028 A040100 4308
028 B010100 11065
028 B020100 0
028 B030100 0
028 B040100 4386
028 C010100 10937
028 C020100 0
028 C030100 0
<PAGE> PAGE 7
028 C040100 5942
028 D010100 14390
028 D020100 0
028 D030100 0
028 D040100 5624
028 E010100 8855
028 E020100 0
028 E030100 0
028 E040100 7519
028 F010100 12075
028 F020100 18521
028 F030100 0
028 F040100 5812
028 G010100 64659
028 G020100 18884
028 G030100 0
028 G040100 33591
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 400000
048 A020100 0.400
048 B010100 300000
048 B020100 0.350
048 C010100 300000
048 C020100 0.300
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
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 1000000
048 K020100 0.250
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
062 A000100 Y
062 B000100 0.0
<PAGE> PAGE 8
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 1.1
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 14.1
062 N000100 4.5
062 O000100 0.0
062 P000100 60.4
062 Q000100 18.0
062 R000100 0.1
063 A000100 0
063 B000100 13.2
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
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
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
<PAGE> PAGE 9
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 252081
071 B000100 188645
071 C000100 219507
071 D000100 82
072 A000100 12
072 B000100 16371
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 917
072 G000100 0
072 H000100 0
072 I000100 0
072 J000100 91
072 K000100 0
072 L000100 28
072 M000100 21
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 14
072 S000100 16
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 10
072 X000100 1097
072 Y000100 0
072 Z000100 15273
072AA000100 3844
072BB000100 0
072CC010100 979
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 6.6400
073 A020100 0.0000
073 B000100 1.7500
073 C000100 0.0000
<PAGE> PAGE 10
074 A000100 2
074 B000100 0
074 C000100 2996
074 D000100 259931
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 99
074 J000100 0
074 K000100 0
074 L000100 5315
074 M000100 0
074 N000100 268343
074 O000100 0
074 P000100 131
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 422
074 S000100 0
074 T000100 267790
074 U010100 2437
074 U020100 0
074 V010100 109.89
074 V020100 0.00
074 W000100 0.0000
074 X000100 3
074 Y000100 0
075 A000100 0
075 B000100 229344
076 000100 0.00
080 A000100 FEDERAL INSURANCE COMPANY
080 C000100 12000
081 A000100 Y
081 B000100 15
082 A000100 N
082 B000100 0
083 A000100 N
083 B000100 0
084 A000100 N
084 B000100 0
085 A000100 Y
085 B000100 N
008 A000201 CAPITAL GROWTH MANAGEMENT LIMITED PARTNERSHIP
008 B000201 A
008 C000201 801-35935
008 D010201 BOSTON
008 D020201 MA
008 D030201 02110
<PAGE> PAGE 11
024 000200 N
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 31592
028 A020200 66747
028 A030200 0
028 A040200 26525
028 B010200 30236
028 B020200 0
028 B030200 0
028 B040200 33747
028 C010200 28696
028 C020200 0
028 C030200 0
028 C040200 26858
028 D010200 25591
028 D020200 0
028 D030200 0
028 D040200 26234
028 E010200 31426
028 E020200 0
028 E030200 0
028 E040200 25118
028 F010200 30980
028 F020200 177949
028 F030200 0
028 F040200 34842
028 G010200 178521
028 G020200 244696
028 G030200 0
028 G040200 173324
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 200000
048 A020200 0.700
048 B010200 300000
048 B020200 0.650
048 C010200 1500000
048 C020200 0.600
048 D010200 0
048 D020200 0.000
048 E010200 0
<PAGE> PAGE 12
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 2000000
048 K020200 0.550
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 N
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
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 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 Y
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
<PAGE> PAGE 13
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 3339453
071 B000200 3330107
071 C000200 1635655
071 D000200 204
072 A000200 12
072 B000200 408
072 C000200 30013
072 D000200 0
072 E000200 0
072 F000200 10273
072 G000200 0
072 H000200 0
072 I000200 0
072 J000200 203
072 K000200 0
072 L000200 173
072 M000200 97
<PAGE> PAGE 14
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 15
072 S000200 142
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 54
072 X000200 10957
072 Y000200 0
072 Z000200 19464
072AA000200 169788
072BB000200 0
072CC010200 294106
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 5.3100
073 A020200 0.0000
073 B000200 61.7300
073 C000200 0.2200
074 A000200 2
074 B000200 0
074 C000200 4695
074 D000200 0
074 E000200 0
074 F000200 1893585
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 7386
074 K000200 0
074 L000200 4707
074 M000200 0
074 N000200 1910375
074 O000200 12100
074 P000200 1049
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 1479
074 S000200 0
074 T000200 1895747
074 U010200 4050
074 U020200 0
074 V010200 468.03
074 V020200 0.00
<PAGE> PAGE 15
074 W000200 0.0000
074 X000200 3
074 Y000200 0
075 A000200 0
075 B000200 1653821
076 000200 0.00
080 A000200 FEDERAL INSURANCE COMPANY
080 C000200 12000
081 A000200 Y
081 B000200 15
082 A000200 N
082 B000200 0
083 A000200 N
083 B000200 0
084 A000200 N
084 B000200 0
085 A000200 Y
085 B000200 N
008 A000301 TNE ADVISORS, INC.
008 B000301 A
008 C000301 801-47459
008 D010301 BOSTON
008 D020301 MA
008 D030301 02117
008 A000302 BACK BAY ADVISORS, L.P.
008 B000302 S
008 C000302 801-27694
008 D010302 BOSTON
008 D020302 MA
008 D030302 02116
024 000300 Y
025 A000301 GENERAL ELECTRIC CAPITAL CORP.
025 B000301 13-1500700
025 C000301 D
025 D000301 9401
025 A000302 GOLDMAN SACHS GROUP
025 B000302 13-5108880
025 C000302 D
025 D000302 7922
025 A000303 MERRILL LYNCH
025 B000303 13-5674085
025 C000303 D
025 D000303 7747
025 A000304 HOUSEHOLD FINANCE
025 B000304 36-1239445
025 C000304 D
025 D000304 7392
025 A000305 ASSOCIATES CORP. OF NORTH AMERICA
025 B000305 74-1494554
025 C000305 D
025 D000305 6888
<PAGE> PAGE 16
025 A000306 J.P. MORGAN & CO.
025 B000306 13-3224016
025 C000306 D
025 D000306 5317
025 A000307 AMERICAN EXPRESS, INC.
025 B000307 13-2518466
025 C000307 D
025 D000307 3761
025 A000308 AVCO FINANCIAL SERVICES
025 B000308 13-2530491
025 C000308 D
025 D000308 1489
028 A010300 39486
028 A020300 454
028 A030300 0
028 A040300 35845
028 B010300 53801
028 B020300 454
028 B030300 0
028 B040300 33799
028 C010300 50997
028 C020300 448
028 C030300 0
028 C040300 40867
028 D010300 51342
028 D020300 530
028 D030300 0
028 D040300 36396
028 E010300 39325
028 E020300 554
028 E030300 0
028 E040300 45615
028 F010300 78823
028 F020300 1245
028 F030300 0
028 F040300 41230
028 G010300 313774
028 G020300 3685
028 G030300 0
028 G040300 233752
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 500000
048 A020300 0.350
048 B010300 500000
048 B020300 0.300
048 C010300 0
048 C020300 0.000
<PAGE> PAGE 17
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
048 K010300 1000000
048 K020300 0.250
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 N
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 25.3
062 G000300 0.0
062 H000300 0.0
062 I000300 72.8
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 47
063 B000300 0.0
064 A000300 N
064 B000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 N
<PAGE> PAGE 18
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 N
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 841713
071 B000300 757017
071 C000300 0
071 D000300 0
072 A000300 12
072 B000300 7412
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 463
072 G000300 0
072 H000300 0
072 I000300 0
072 J000300 66
072 K000300 0
072 L000300 23
072 M000300 14
072 N000300 0
<PAGE> PAGE 19
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 12
072 S000300 13
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 10
072 X000300 601
072 Y000300 0
072 Z000300 6812
072AA000300 0
072BB000300 0
072CC010300 0
072CC020300 0
072DD010300 0
072DD020300 0
072EE000300 0
073 A010300 5.1300
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 24
074 B000300 0
074 C000300 199785
074 D000300 0
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 5378
074 M000300 0
074 N000300 205187
074 O000300 0
074 P000300 82
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 1507
074 S000300 0
074 T000300 203598
074 U010300 2036
074 U020300 0
074 V010300 100.00
074 V020300 0.00
074 W000300 99.9846
<PAGE> PAGE 20
074 X000300 3
074 Y000300 0
075 A000300 132351
075 B000300 0
076 000300 0.00
080 A000300 FEDERAL INSURANCE COMPANY
080 C000300 12000
081 A000300 Y
081 B000300 15
082 A000300 N
082 B000300 0
083 A000300 N
083 B000300 0
084 A000300 N
084 B000300 0
085 A000300 Y
085 B000300 N
008 A000401 TNE ADVISORS, INC.
008 B000401 A
008 C000401 801-47459
008 D010401 BOSTON
008 D020401 MA
008 D030401 02117
008 A000402 WESTPEAK INVESTMENT ADVISORS, L.P.
008 B000402 S
008 C000402 801-39554
008 D010402 BOULDER
008 D020402 CO
008 D030402 80302
024 000400 Y
025 A000401 AMERICAN EXPRESS
025 B000401 13-2518466
025 C000401 E
025 D000401 859
025 A000402 MORGAN STANLEY, INC.
025 B000402 13-2655998
025 C000402 E
025 D000402 774
025 A000403 MERRILL LYNCH
025 B000403 13-5674085
025 C000403 E
025 D000403 427
025 A000404 CHARLES SCHWAB
025 B000404 95-1737782
025 C000404 E
025 D000404 417
025 A000405 J.P. MORGAN & CO.
025 B000405 13-3224016
025 C000405 E
025 D000405 347
025 A000406 BANKBOSTON
<PAGE> PAGE 21
025 B000406 13-5508291
025 C000406 E
025 D000406 214
025 A000407 STATE STREET CORP.
025 B000407 04-1867445
025 C000407 E
025 D000407 209
025 A000408 BANKERS TRUST CORP.
025 B000408 13-4941247
025 C000408 E
025 D000408 154
025 A000409 LEHMAN BROTHERS, INC.
025 B000409 13-2518468
025 C000409 E
025 D000409 97
025 A000410 BEAR, STEARNS COS.
025 B000410 13-4946705
025 C000410 E
025 D000410 78
025 A000411 WADDELL & REED FINANCIAL
025 C000411 E
025 D000411 14
025 D000412 0
025 D000413 0
025 D000414 0
025 D000415 0
025 D000416 0
028 A010400 5415
028 A020400 26
028 A030400 0
028 A040400 3455
028 B010400 4854
028 B020400 0
028 B030400 0
028 B040400 4528
028 C010400 6342
028 C020400 0
028 C030400 0
028 C040400 3786
028 D010400 3714
028 D020400 0
028 D030400 0
028 D040400 3761
028 E010400 6576
028 E020400 0
028 E030400 0
028 E040400 2252
028 F010400 5890
028 F020400 2721
028 F030400 0
028 F040400 3834
<PAGE> PAGE 22
028 G010400 32791
028 G020400 2747
028 G030400 0
028 G040400 21616
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.250
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 N
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
<PAGE> PAGE 23
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 0.0
066 A000400 Y
066 B000400 N
066 C000400 Y
066 D000400 N
066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 Y
070 A010400 Y
070 A020400 Y
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
<PAGE> PAGE 24
070 R020400 N
071 A000400 28600
071 B000400 4529
071 C000400 150348
071 D000400 3
072 A000400 12
072 B000400 92
072 C000400 2242
072 D000400 0
072 E000400 0
072 F000400 382
072 G000400 0
072 H000400 0
072 I000400 0
072 J000400 79
072 K000400 0
072 L000400 41
072 M000400 29
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 13
072 S000400 9
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 8
072 X000400 561
072 Y000400 0
072 Z000400 1772
072AA000400 1822
072BB000400 0
072CC010400 34684
072CC020400 0
072DD010400 0
072DD020400 0
072EE000400 0
073 A010400 1.9100
073 A020400 0.0000
073 B000400 1.0400
073 C000400 0.0000
074 A000400 3
074 B000400 2054
074 C000400 0
074 D000400 0
074 E000400 0
074 F000400 185014
074 G000400 0
074 H000400 0
074 I000400 0
<PAGE> PAGE 25
074 J000400 1382
074 K000400 0
074 L000400 433
074 M000400 0
074 N000400 188886
074 O000400 2361
074 P000400 107
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 139
074 S000400 0
074 T000400 186279
074 U010400 949
074 U020400 0
074 V010400 196.33
074 V020400 0.00
074 W000400 0.0000
074 X000400 3
074 Y000400 0
075 A000400 0
075 B000400 152775
076 000400 0.00
080 A000400 FEDERAL INSURANCE COMPANY
080 C000400 12000
081 A000400 Y
081 B000400 15
082 A000400 N
082 B000400 0
083 A000400 N
083 B000400 0
084 A000400 N
084 B000400 0
085 A000400 Y
085 B000400 N
008 A000501 TNE ADVISORS, INC.
008 B000501 A
008 C000501 801-47459
008 D010501 BOSTON
008 D020501 MA
008 D030501 02117
008 A000502 BACK BAY ADVISORS, L.P.
008 B000502 S
008 C000502 801-27694
008 D010502 BOSTON
008 D020502 MA
008 D030502 02116
024 000500 Y
025 A000501 BANKERS TRUST OF N.Y.
025 B000501 13-4941247
<PAGE> PAGE 26
025 C000501 E
025 D000501 906
025 A000502 JP MORGAN
025 B000502 13-3224016
025 C000502 E
025 D000502 1145
025 A000503 CITICORP
025 B000503 13-5266470
025 C000503 E
025 D000503 1581
025 A000504 AMERICAN EXPRESS
025 B000504 13-2518466
025 C000504 E
025 D000504 1063
025 A000505 DELETE
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 3221
028 A020500 4634
028 A030500 0
028 A040500 2939
028 B010500 2779
028 B020500 0
028 B030500 0
028 B040500 3857
028 C010500 2097
028 C020500 0
028 C030500 0
028 C040500 3669
028 D010500 2048
028 D020500 0
028 D030500 0
028 D040500 3420
028 E010500 2165
028 E020500 0
028 E030500 0
028 E040500 2984
028 F010500 3636
028 F020500 13842
028 F030500 0
028 F040500 4728
028 G010500 15946
028 G020500 18476
028 G030500 0
028 G040500 21597
028 H000500 0
045 000500 Y
046 000500 N
047 000500 Y
<PAGE> PAGE 27
048 000500 0.500
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 N
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 2.7
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.2
062 O000500 0.0
062 P000500 13.6
062 Q000500 18.2
062 R000500 64.5
063 A000500 0
063 B000500 16.4
066 A000500 Y
066 B000500 N
066 C000500 N
<PAGE> PAGE 28
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 Y
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 N
070 G020500 Y
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 Y
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 49290
071 B000500 53406
071 C000500 196439
071 D000500 25
072 A000500 12
072 B000500 5266
072 C000500 2222
<PAGE> PAGE 29
072 D000500 0
072 E000500 0
072 F000500 1004
072 G000500 0
072 H000500 0
072 I000500 0
072 J000500 89
072 K000500 0
072 L000500 14
072 M000500 25
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 14
072 S000500 14
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 9
072 X000500 1169
072 Y000500 0
072 Z000500 6318
072AA000500 11371
072BB000500 0
072CC010500 18241
072CC020500 0
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 6.5100
073 A020500 0.0000
073 B000500 12.6400
073 C000500 0.0000
074 A000500 122
074 B000500 0
074 C000500 5759
074 D000500 68391
074 E000500 0
074 F000500 137609
074 G000500 0
074 H000500 0
074 I000500 248
074 J000500 496
074 K000500 0
074 L000500 1399
074 M000500 0
074 N000500 214024
074 O000500 0
074 P000500 144
074 Q000500 0
<PAGE> PAGE 30
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 240
074 S000500 0
074 T000500 213640
074 U010500 1028
074 U020500 0
074 V010500 207.76
074 V020500 0.00
074 W000500 0.0000
074 X000500 3
074 Y000500 0
075 A000500 0
075 B000500 200739
076 000500 0.00
080 A000500 FEDERAL INSURANCE COMPANY
080 C000500 12000
081 A000500 Y
081 B000500 15
082 A000500 N
082 B000500 0
083 A000500 N
083 B000500 0
084 A000500 N
084 B000500 0
085 A000500 Y
085 B000500 N
008 A000601 TNE ADVISORS INC. L.P.
008 B000601 A
008 C000601 801-47459
008 D010601 BOSTON
008 D020601 MA
008 D030601 02117
008 A000602 GOLDMAN SACHS ASSET MANAGEMENT
008 B000602 S
008 C000602 801-37591
008 D010602 NEW YORK
008 D020602 NY
008 D030602 10004
024 000600 Y
025 A000601 WADDELL & REED FINANCIAL
025 C000601 E
025 D000601 2449
025 D000602 0
025 D000603 0
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
025 D000608 0
<PAGE> PAGE 31
028 A010600 4317
028 A020600 1757
028 A030600 0
028 A040600 4523
028 B010600 3697
028 B020600 0
028 B030600 0
028 B040600 3770
028 C010600 3128
028 C020600 0
028 C030600 0
028 C040600 3218
028 D010600 3449
028 D020600 0
028 D030600 0
028 D040600 2715
028 E010600 3121
028 E020600 0
028 E030600 0
028 E040600 2830
028 F010600 2918
028 F020600 24820
028 F030600 0
028 F040600 2947
028 G010600 20630
028 G020600 26577
028 G030600 0
028 G040600 20003
028 H000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.750
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
<PAGE> PAGE 32
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 Y
053 B000600 Y
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 0
063 B000600 0.0
066 A000600 Y
066 B000600 N
066 C000600 Y
066 D000600 N
066 E000600 N
066 F000600 N
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 N
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
<PAGE> PAGE 33
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 Y
070 Q010600 Y
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600 188093
071 B000600 193859
071 C000600 109715
071 D000600 171
072 A000600 12
072 B000600 400
072 C000600 1408
072 D000600 0
072 E000600 0
072 F000600 859
072 G000600 0
072 H000600 0
072 I000600 0
072 J000600 57
072 K000600 0
072 L000600 45
072 M000600 12
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 14
072 S000600 69
072 T000600 0
072 U000600 0
<PAGE> PAGE 34
072 V000600 0
072 W000600 7
072 X000600 1063
072 Y000600 28
072 Z000600 773
072AA000600 24006
072BB000600 0
072CC010600 0
072CC020600 31638
072DD010600 0
072DD020600 0
072EE000600 0
073 A010600 1.0900
073 A020600 0.0000
073 B000600 36.0800
073 C000600 0.2500
074 A000600 68
074 B000600 0
074 C000600 13400
074 D000600 0
074 E000600 0
074 F000600 98860
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 1582
074 K000600 0
074 L000600 390
074 M000600 0
074 N000600 114300
074 O000600 890
074 P000600 119
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 293
074 S000600 0
074 T000600 112998
074 U010600 920
074 U020600 0
074 V010600 122.85
074 V020600 0.00
074 W000600 0.0000
074 X000600 3
074 Y000600 0
075 A000600 0
075 B000600 117277
076 000600 0.00
080 A000600 FEDERAL INSURANCE COMPANY
080 C000600 12000
<PAGE> PAGE 35
081 A000600 Y
081 B000600 15
082 A000600 N
082 B000600 0
083 A000600 N
083 B000600 0
084 A000600 N
084 B000600 0
085 A000600 Y
085 B000600 N
008 A000701 TNE ADVISORS, INC.
008 B000701 A
008 C000701 801-47459
008 D010701 BOSTON
008 D020701 MA
008 D030701 02117
008 A000702 WESTPEAK INVESTMENT ADVISORS, L.P.
008 B000702 S
008 C000702 801-39554
008 D010702 BOULDER
008 D020702 CO
008 D030702 80302
024 000700 Y
025 A000701 LEHMAN BROTHERS HOLDINGS
025 B000701 13-2518468
025 C000701 E
025 D000701 2203
025 A000702 DELETE
025 D000702 0
025 A000703 DELETE
025 D000703 0
025 A000704 DELETE
025 D000704 0
025 A000705 DELETE
025 D000705 0
025 A000706 DELETE
025 D000706 0
025 D000707 0
025 D000708 0
028 A010700 16341
028 A020700 4750
028 A030700 0
028 A040700 3660
028 B010700 15393
028 B020700 0
028 B030700 0
028 B040700 6920
028 C010700 10308
028 C020700 0
028 C030700 0
028 C040700 6041
<PAGE> PAGE 36
028 D010700 9877
028 D020700 0
028 D030700 0
028 D040700 4380
028 E010700 11800
028 E020700 0
028 E030700 0
028 E040700 3670
028 F010700 13907
028 F020700 14058
028 F030700 0
028 F040700 6857
028 G010700 77626
028 G020700 18808
028 G030700 0
028 G040700 31528
028 H000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.000
048 A010700 200000
048 A020700 0.700
048 B010700 300000
048 B020700 0.650
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 500000
048 K020700 0.600
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 N
062 A000700 N
062 B000700 0.0
062 C000700 0.0
<PAGE> PAGE 37
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
063 B000700 0.0
066 A000700 Y
066 B000700 N
066 C000700 N
066 D000700 N
066 E000700 Y
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 Y
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
<PAGE> PAGE 38
070 L020700 Y
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 Y
070 Q020700 N
070 R010700 Y
070 R020700 N
071 A000700 186109
071 B000700 203449
071 C000700 203856
071 D000700 100
072 A000700 12
072 B000700 331
072 C000700 2956
072 D000700 0
072 E000700 0
072 F000700 1462
072 G000700 0
072 H000700 0
072 I000700 0
072 J000700 59
072 K000700 0
072 L000700 45
072 M000700 17
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 11
072 S000700 14
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 10
072 X000700 1618
072 Y000700 0
072 Z000700 1668
072AA000700 19998
072BB000700 0
072CC010700 24192
072CC020700 0
072DD010700 0
072DD020700 0
072EE000700 0
073 A010700 1.3100
<PAGE> PAGE 39
073 A020700 0.0000
073 B000700 14.0700
073 C000700 0.0000
074 A000700 0
074 B000700 5190
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 275649
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 1156
074 M000700 0
074 N000700 281995
074 O000700 0
074 P000700 161
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 276
074 S000700 0
074 T000700 281558
074 U010700 1351
074 U020700 0
074 V010700 208.34
074 V020700 0.00
074 W000700 0.0000
074 X000700 3
074 Y000700 0
075 A000700 0
075 B000700 208879
076 000700 0.00
080 A000700 FEDERAL INSURANCE COMPANY
080 C000700 12000
081 A000700 Y
081 B000700 15
082 A000700 N
082 B000700 0
083 A000700 N
083 B000700 0
084 A000700 N
084 B000700 0
085 A000700 Y
085 B000700 N
008 A000801 TNE ADVISERS, INC.
008 B000801 A
008 C000801 801-47459
<PAGE> PAGE 40
008 D010801 BOSTON
008 D020801 MA
008 D030801 02117
008 A000802 LOOMIS SAYLES & COMPANY, L.P.
008 B000802 S
008 C000802 801-170
008 D010802 BOSTON
008 D020802 MA
008 D030802 02111
024 000800 N
025 D000801 0
025 D000802 0
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
028 A010800 8468
028 A020800 2032
028 A030800 0
028 A040800 8899
028 B010800 8308
028 B020800 0
028 B030800 0
028 B040800 6542
028 C010800 7658
028 C020800 0
028 C030800 0
028 C040800 7023
028 D010800 7617
028 D020800 0
028 D030800 0
028 D040800 4904
028 E010800 8953
028 E020800 0
028 E030800 0
028 E040800 4794
028 F010800 8980
028 F020800 1879
028 F030800 0
028 F040800 6222
028 G010800 49984
028 G020800 3911
028 G030800 0
028 G040800 38384
028 H000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 1.000
<PAGE> PAGE 41
048 A010800 0
048 A020800 0.000
048 B010800 0
048 B020800 0.000
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 0
048 K020800 0.000
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 Y
053 B000800 Y
053 C000800 N
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 0
063 B000800 0.0
066 A000800 Y
066 B000800 N
<PAGE> PAGE 42
066 C000800 Y
066 D000800 N
066 E000800 N
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 Y
070 B010800 N
070 B020800 N
070 C010800 N
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 Y
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800 270917
071 B000800 216060
071 C000800 195196
071 D000800 111
072 A000800 12
072 B000800 1267
<PAGE> PAGE 43
072 C000800 2821
072 D000800 0
072 E000800 0
072 F000800 2179
072 G000800 0
072 H000800 0
072 I000800 0
072 J000800 101
072 K000800 0
072 L000800 70
072 M000800 17
072 N000800 0
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 12
072 S000800 16
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 10
072 X000800 2405
072 Y000800 226
072 Z000800 1910
072AA000800 0
072BB000800 6793
072CC010800 900
072CC020800 0
072DD010800 0
072DD020800 0
072EE000800 0
073 A010800 1.2400
073 A020800 0.0000
073 B000800 1.3200
073 C000800 0.0700
074 A000800 0
074 B000800 0
074 C000800 17637
074 D000800 0
074 E000800 0
074 F000800 222678
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 901
074 K000800 0
074 L000800 1252
074 M000800 0
074 N000800 242468
074 O000800 3078
074 P000800 132
<PAGE> PAGE 44
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 669
074 S000800 0
074 T000800 238589
074 U010800 1554
074 U020800 0
074 V010800 153.52
074 V020800 0.00
074 W000800 0.0000
074 X000800 3
074 Y000800 0
075 A000800 0
075 B000800 217872
076 000800 0.00
080 A000800 FEDERAL INSURANCE COMPANY
080 C000800 12000
081 A000800 Y
081 B000800 15
082 A000800 N
082 B000800 0
083 A000800 N
083 B000800 0
084 A000800 N
084 B000800 0
085 A000800 Y
085 B000800 N
008 A000901 TNE ADVISERS, INC.
008 B000901 A
008 C000901 801-47459
008 D010901 BOSTON
008 D020901 MA
008 D030901 02117
008 A000902 LOOMIS SAYLES & COMPANY, L.P.
008 B000902 S
008 C000902 801-170
008 D010902 BOSTON
008 D020902 MA
008 D030902 02111
024 000900 Y
025 A000901 PAINE WEBBER GROUP
025 B000901 13-2638166
025 C000901 E
025 D000901 1499
025 A000902 HOUSEHOLD FINANCE CORP.
025 B000902 36-1239445
025 C000902 D
025 D000902 1228
025 A000903 BEAR, STEARNS COS.
<PAGE> PAGE 45
025 B000903 13-4946705
025 C000903 D
025 D000903 1081
025 A000904 SALOMON BROTHERS
025 B000904 13-3082694
025 C000904 D
025 D000904 655
025 A000905 SEARS ROEBUCK ACCEPTANCE CORP.
025 B000905 36-1750680
025 C000905 D
025 D000905 542
025 A000906 DEAN WITTER DISCOVER & CO.
025 B000906 94-1671384
025 C000906 D
025 D000906 263
025 A000907 BANKERS TRUST CORP.
025 B000907 13-4941247
025 C000907 D
025 D000907 238
025 A000908 DONALDSON, LUFKIN & JENRETTE
025 B000908 13-5033225
025 C000908 D
025 D000908 209
025 A000909 LEHMAN BROTHERS
025 B000909 13-2518468
025 C000909 D
025 D000909 207
025 D000910 0
025 D000911 0
025 D000912 0
025 D000913 0
025 D000914 0
025 D000915 0
025 D000916 0
028 A010900 7818
028 A020900 873
028 A030900 0
028 A040900 5189
028 B010900 7031
028 B020900 0
028 B030900 0
028 B040900 4859
028 C010900 6398
028 C020900 0
028 C030900 0
028 C040900 4518
028 D010900 6458
028 D020900 0
028 D030900 0
028 D040900 3948
028 E010900 6741
<PAGE> PAGE 46
028 E020900 0
028 E030900 0
028 E040900 3735
028 F010900 7733
028 F020900 7275
028 F030900 0
028 F040900 4892
028 G010900 42179
028 G020900 8148
028 G030900 0
028 G040900 27141
028 H000900 0
045 000900 Y
046 000900 N
047 000900 Y
048 000900 0.700
048 A010900 0
048 A020900 0.000
048 B010900 0
048 B020900 0.000
048 C010900 0
048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 0
048 K020900 0.000
049 000900 N
050 000900 N
051 000900 N
052 000900 N
053 A000900 N
062 A000900 Y
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
<PAGE> PAGE 47
062 I000900 3.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 13.7
062 N000900 3.3
062 O000900 0.0
062 P000900 18.2
062 Q000900 0.0
062 R000900 61.3
063 A000900 0
063 B000900 11.1
064 A000900 N
064 B000900 N
066 A000900 Y
066 B000900 N
066 C000900 N
066 D000900 N
066 E000900 Y
066 F000900 N
066 G000900 N
067 000900 Y
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 N
<PAGE> PAGE 48
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 Y
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900 157320
071 B000900 112868
071 C000900 156712
071 D000900 72
072 A000900 12
072 B000900 4451
072 C000900 1342
072 D000900 0
072 E000900 0
072 F000900 1144
072 G000900 0
072 H000900 0
072 I000900 0
072 J000900 61
072 K000900 0
072 L000900 22
072 M000900 78
072 N000900 0
072 O000900 0
072 P000900 0
072 Q000900 0
072 R000900 20
072 S000900 10
072 T000900 0
072 U000900 5
072 V000900 0
072 W000900 6
072 X000900 1346
072 Y000900 0
072 Z000900 4447
072AA000900 3802
072BB000900 0
072CC010900 6024
072CC020900 0
072DD010900 0
072DD020900 0
072EE000900 0
073 A010900 0.3800
073 A020900 0.0000
073 B000900 0.3200
073 C000900 0.0000
<PAGE> PAGE 49
074 A000900 0
074 B000900 0
074 C000900 5675
074 D000900 67157
074 E000900 0
074 F000900 116878
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 447
074 K000900 0
074 L000900 1747
074 M000900 2
074 N000900 191906
074 O000900 691
074 P000900 114
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 524
074 S000900 0
074 T000900 190577
074 U010900 12287
074 U020900 0
074 V010900 15.51
074 V020900 0.00
074 W000900 0.0000
074 X000900 3
074 Y000900 0
075 A000900 0
075 B000900 163484
076 000900 0.00
080 A000900 FEDERAL INSURANCE COMPANY
080 C000900 12000
081 A000900 Y
081 B000900 15
082 A000900 N
082 B000900 0
083 A000900 N
083 B000900 0
084 A000900 N
084 B000900 0
085 A000900 Y
085 B000900 N
008 A001001 TNE ADVISERS, INC.
008 B001001 A
008 C001001 801-47459
008 D011001 BOSTON
008 D021001 MA
008 D031001 02117
<PAGE> PAGE 50
008 A001002 MORGAN STANLEY
008 B001002 S
008 C001002 801-15757
008 D011002 NY
008 D021002 NY
008 D031002 10020
024 001000 N
025 D001001 0
025 D001002 0
025 D001003 0
025 D001004 0
025 D001005 0
025 D001006 0
025 D001007 0
025 D001008 0
028 A011000 3589
028 A021000 439
028 A031000 0
028 A041000 1601
028 B011000 2724
028 B021000 0
028 B031000 0
028 B041000 1454
028 C011000 2643
028 C021000 0
028 C031000 0
028 C041000 2193
028 D011000 2213
028 D021000 0
028 D031000 0
028 D041000 1625
028 E011000 2163
028 E021000 0
028 E031000 0
028 E041000 1289
028 F011000 2805
028 F021000 1041
028 F031000 0
028 F041000 2224
028 G011000 16137
028 G021000 1480
028 G031000 0
028 G041000 10386
028 H001000 0
045 001000 Y
046 001000 N
047 001000 Y
048 001000 0.900
048 A011000 0
048 A021000 0.000
048 B011000 0
<PAGE> PAGE 51
048 B021000 0.000
048 C011000 0
048 C021000 0.000
048 D011000 0
048 D021000 0.000
048 E011000 0
048 E021000 0.000
048 F011000 0
048 F021000 0.000
048 G011000 0
048 G021000 0.000
048 H011000 0
048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 0
048 K021000 0.000
049 001000 N
050 001000 N
051 001000 N
052 001000 N
053 A001000 Y
053 B001000 Y
053 C001000 N
062 A001000 N
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
063 A001000 0
063 B001000 0.0
066 A001000 Y
066 B001000 N
066 C001000 Y
066 D001000 N
066 E001000 N
<PAGE> PAGE 52
066 F001000 N
066 G001000 N
067 001000 N
068 A001000 N
068 B001000 Y
069 001000 N
070 A011000 Y
070 A021000 Y
070 B011000 Y
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 Y
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 Y
070 M011000 Y
070 M021000 Y
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 Y
070 Q011000 Y
070 Q021000 N
070 R011000 Y
070 R021000 N
071 A001000 38310
071 B001000 23039
071 C001000 57053
071 D001000 40
072 A001000 12
072 B001000 302
072 C001000 1192
072 D001000 0
072 E001000 0
<PAGE> PAGE 53
072 F001000 567
072 G001000 0
072 H001000 0
072 I001000 0
072 J001000 237
072 K001000 0
072 L001000 21
072 M001000 11
072 N001000 0
072 O001000 0
072 P001000 0
072 Q001000 0
072 R001000 26
072 S001000 12
072 T001000 0
072 U001000 2
072 V001000 0
072 W001000 5
072 X001000 881
072 Y001000 62
072 Z001000 675
072AA001000 698
072BB001000 0
072CC011000 1804
072CC021000 0
072DD011000 0
072DD021000 0
072EE001000 0
073 A011000 0.1200
073 A021000 0.0000
073 B001000 0.1100
073 C001000 0.0300
074 A001000 141
074 B001000 4449
074 C001000 0
074 D001000 0
074 E001000 0
074 F001000 63768
074 G001000 0
074 H001000 0
074 I001000 0
074 J001000 0
074 K001000 0
074 L001000 536
074 M001000 2
074 N001000 68896
074 O001000 133
074 P001000 57
074 Q001000 0
074 R011000 0
074 R021000 0
<PAGE> PAGE 54
074 R031000 0
074 R041000 536
074 S001000 0
074 T001000 68170
074 U011000 5978
074 U021000 0
074 V011000 11.40
074 V021000 0.00
074 W001000 0.0000
074 X001000 3
074 Y001000 0
075 A001000 0
075 B001000 62983
076 001000 0.00
080 A001000 FEDERAL INSURANCE COMPANY
080 C001000 12000
081 A001000 Y
081 B001000 15
082 A001000 N
082 B001000 0
083 A001000 N
083 B001000 0
084 A001000 N
084 B001000 0
085 A001000 Y
085 B001000 N
008 A001101 TNE ADVISERS, INC.
008 B001101 A
008 C001101 801-47459
008 D011101 BOSTON
008 D021101 MA
008 D031101 02117
008 A001102 SALOMON BROTHERS ASSET MANAGEMENT, INC.
008 B001102 S
008 C001102 801-32046
008 D011102 NEW YORK
008 D021102 NY
008 D031102 10048
024 001100 N
025 D001101 0
025 D001102 0
025 D001103 0
025 D001104 0
025 D001105 0
025 D001106 0
025 D001107 0
025 D001108 0
028 A011100 1624
028 A021100 22
028 A031100 0
028 A041100 650
<PAGE> PAGE 55
028 B011100 4642
028 B021100 0
028 B031100 0
028 B041100 827
028 C011100 4358
028 C021100 0
028 C031100 0
028 C041100 2307
028 D011100 5852
028 D021100 0
028 D031100 0
028 D041100 1787
028 E011100 3149
028 E021100 0
028 E031100 0
028 E041100 1433
028 F011100 4724
028 F021100 1890
028 F031100 0
028 F041100 1443
028 G011100 24349
028 G021100 1912
028 G031100 0
028 G041100 8447
028 H001100 0
045 001100 Y
046 001100 N
047 001100 Y
048 001100 0.550
048 A011100 0
048 A021100 0.000
048 B011100 0
048 B021100 0.000
048 C011100 0
048 C021100 0.000
048 D011100 0
048 D021100 0.000
048 E011100 0
048 E021100 0.000
048 F011100 0
048 F021100 0.000
048 G011100 0
048 G021100 0.000
048 H011100 0
048 H021100 0.000
048 I011100 0
048 I021100 0.000
048 J011100 0
048 J021100 0.000
048 K011100 0
048 K021100 0.000
<PAGE> PAGE 56
049 001100 N
050 001100 N
051 001100 N
052 001100 N
053 A001100 Y
053 B001100 Y
053 C001100 N
062 A001100 Y
062 B001100 0.0
062 C001100 0.0
062 D001100 42.3
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 4.4
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 18.7
062 N001100 71.8
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
063 A001100 0
063 B001100 7.2
064 A001100 N
064 B001100 N
066 A001100 N
067 001100 N
068 A001100 N
068 B001100 N
069 001100 N
070 A011100 Y
070 A021100 Y
070 B011100 N
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 N
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 N
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 N
<PAGE> PAGE 57
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 Y
070 L021100 N
070 M011100 Y
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 Y
070 Q021100 N
070 R011100 Y
070 R021100 N
071 A001100 156108
071 B001100 133857
071 C001100 26998
071 D001100 496
072 A001100 12
072 B001100 1969
072 C001100 0
072 D001100 0
072 E001100 0
072 F001100 169
072 G001100 0
072 H001100 0
072 I001100 0
072 J001100 29
072 K001100 0
072 L001100 5
072 M001100 9
072 N001100 0
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 18
072 S001100 1
072 T001100 0
072 U001100 2
072 V001100 0
072 W001100 4
072 X001100 237
072 Y001100 22
072 Z001100 1754
072AA001100 274
072BB001100 0
<PAGE> PAGE 58
072CC011100 196
072CC021100 0
072DD011100 0
072DD021100 0
072EE001100 0
073 A011100 0.4500
073 A021100 0.0000
073 B001100 0.0600
073 C001100 0.0000
074 A001100 0
074 B001100 19406
074 C001100 1998
074 D001100 41444
074 E001100 0
074 F001100 0
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 0
074 K001100 0
074 L001100 563
074 M001100 2
074 N001100 63413
074 O001100 15288
074 P001100 24
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 2295
074 S001100 0
074 T001100 45806
074 U011100 3993
074 U021100 0
074 V011100 11.47
074 V021100 0.00
074 W001100 0.0000
074 X001100 3
074 Y001100 0
075 A001100 0
075 B001100 30779
076 001100 0.00
080 A001100 FEDERAL INSURANCE COMPANY
080 C001100 12000
081 A001100 Y
081 B001100 15
082 A001100 N
082 B001100 0
083 A001100 N
083 B001100 0
084 A001100 N
<PAGE> PAGE 59
084 B001100 0
085 A001100 Y
085 B001100 N
008 A001201 TNE ADVISERS, INC.
008 B001201 A
008 C001201 801-47459
008 D011201 BOSTON
008 D021201 MA
008 D031201 02117
008 A001202 SALOMON BROTHERS ASSET MANAGEMENT, INC.
008 B001202 S
008 C001202 801-32046
008 D011202 NEW YORK
008 D021202 NY
008 D031202 10048
024 001200 Y
025 A001201 PAINE WEBBER GROUP, INC.
025 B001201 13-2638166
025 C001201 D
025 D001201 455
025 A001202 MERRILL LYNCH
025 B001202 13-5674085
025 C001202 D
025 D001202 317
025 D001203 0
025 D001204 0
025 D001205 0
025 D001206 0
025 D001207 0
025 D001208 0
028 A011200 4544
028 A021200 221
028 A031200 0
028 A041200 2349
028 B011200 4728
028 B021200 0
028 B031200 0
028 B041200 2332
028 C011200 3537
028 C021200 0
028 C031200 0
028 C041200 2969
028 D011200 3487
028 D021200 0
028 D031200 0
028 D041200 3419
028 E011200 2845
028 E021200 0
028 E031200 0
028 E041200 1939
028 F011200 3422
<PAGE> PAGE 60
028 F021200 6167
028 F031200 0
028 F041200 2501
028 G011200 22563
028 G021200 6388
028 G031200 0
028 G041200 15509
028 H001200 0
045 001200 Y
046 001200 N
047 001200 Y
048 001200 0.650
048 A011200 0
048 A021200 0.000
048 B011200 0
048 B021200 0.000
048 C011200 0
048 C021200 0.000
048 D011200 0
048 D021200 0.000
048 E011200 0
048 E021200 0.000
048 F011200 0
048 F021200 0.000
048 G011200 0
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 0
048 K021200 0.000
049 001200 N
050 001200 N
051 001200 N
052 001200 N
053 A001200 N
062 A001200 Y
062 B001200 0.0
062 C001200 0.0
062 D001200 13.6
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
<PAGE> PAGE 61
062 M001200 9.6
062 N001200 16.2
062 O001200 0.0
062 P001200 45.6
062 Q001200 26.6
062 R001200 0.1
063 A001200 0
063 B001200 10.6
064 A001200 N
064 B001200 N
066 A001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
070 A011200 Y
070 A021200 Y
070 B011200 N
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 Y
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 Y
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 Y
070 Q021200 N
070 R011200 Y
070 R021200 N
<PAGE> PAGE 62
071 A001200 259455
071 B001200 229270
071 C001200 81126
071 D001200 283
072 A001200 12
072 B001200 6934
072 C001200 6
072 D001200 0
072 E001200 0
072 F001200 560
072 G001200 0
072 H001200 0
072 I001200 0
072 J001200 72
072 K001200 0
072 L001200 14
072 M001200 56
072 N001200 0
072 O001200 0
072 P001200 0
072 Q001200 0
072 R001200 19
072 S001200 4
072 T001200 0
072 U001200 2
072 V001200 0
072 W001200 6
072 X001200 733
072 Y001200 0
072 Z001200 6207
072AA001200 0
072BB001200 2494
072CC011200 0
072CC021200 2329
072DD011200 0
072DD021200 0
072EE001200 0
073 A011200 0.7900
073 A021200 0.0000
073 B001200 0.0200
073 C001200 0.0100
074 A001200 4
074 B001200 12975
074 C001200 0
074 D001200 93499
074 E001200 0
074 F001200 0
074 G001200 0
074 H001200 0
074 I001200 126
074 J001200 0
<PAGE> PAGE 63
074 K001200 0
074 L001200 2169
074 M001200 2
074 N001200 108775
074 O001200 12991
074 P001200 67
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 267
074 S001200 0
074 T001200 95450
074 U011200 8354
074 U021200 0
074 V011200 11.43
074 V021200 0.00
074 W001200 0.0000
074 X001200 3
074 Y001200 0
075 A001200 0
075 B001200 86155
076 001200 0.00
080 A001200 FEDERAL INSURANCE COMPANY
080 C001200 12000
081 A001200 Y
081 B001200 15
082 A001200 N
082 B001200 0
083 A001200 N
083 B001200 0
084 A001200 N
084 B001200 0
085 A001200 Y
085 B001200 N
008 A001301 TNE ADVISERS, INC.
008 B001301 A
008 C001301 801-47459
008 D011301 BOSTON
008 D021301 MA
008 D031301 02117
008 A001302 DAVIS SELECTED ADVISERS, L.P.
008 B001302 S
008 C001302 801-31648
008 D011302 SANTA FE
008 D021302 NM
008 D031302 87501
024 001300 Y
025 A001301 AMERICAN EXPRESS CO.
025 B001301 13-2518466
025 C001301 E
<PAGE> PAGE 64
025 D001301 23569
025 A001302 MORGAN STANLEY
025 B001302 13-2655998
025 C001302 E
025 D001302 8162
025 A001303 STATE STREET CORP.
025 B001303 04-1867445
025 C001303 E
025 D001303 2511
025 A001304 DONALDSON LUFKIN JENRETTE
025 B001304 13-5033225
025 C001304 E
025 D001304 2255
025 A001305 J.P. MORGAN & CO.
025 B001305 13-3224016
025 C001305 E
025 D001305 84
025 A001306 DELETE
025 D001306 0
025 D001307 0
025 D001308 0
028 A011300 17243
028 A021300 23
028 A031300 0
028 A041300 8050
028 B011300 16091
028 B021300 0
028 B031300 0
028 B041300 10547
028 C011300 13671
028 C021300 0
028 C031300 0
028 C041300 9172
028 D011300 12136
028 D021300 0
028 D031300 0
028 D041300 9436
028 E011300 12589
028 E021300 0
028 E031300 0
028 E041300 5937
028 F011300 15872
028 F021300 11875
028 F031300 0
028 F041300 10181
028 G011300 87602
028 G021300 11898
028 G031300 0
028 G041300 53323
028 H001300 0
045 001300 Y
<PAGE> PAGE 65
046 001300 N
047 001300 Y
048 001300 0.750
048 A011300 0
048 A021300 0.000
048 B011300 0
048 B021300 0.000
048 C011300 0
048 C021300 0.000
048 D011300 0
048 D021300 0.000
048 E011300 0
048 E021300 0.000
048 F011300 0
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 N
062 A001300 N
062 B001300 0.0
062 C001300 0.0
062 D001300 0.0
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 0.0
062 M001300 0.0
062 N001300 0.0
062 O001300 0.0
062 P001300 0.0
062 Q001300 0.0
062 R001300 0.0
063 A001300 0
063 B001300 0.0
066 A001300 Y
<PAGE> PAGE 66
066 B001300 N
066 C001300 N
066 D001300 Y
066 E001300 N
066 F001300 N
066 G001300 N
067 001300 N
068 A001300 N
068 B001300 N
069 001300 N
070 A011300 Y
070 A021300 Y
070 B011300 Y
070 B021300 N
070 C011300 N
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 N
070 E021300 N
070 F011300 Y
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 N
070 L011300 Y
070 L021300 Y
070 M011300 Y
070 M021300 N
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 N
070 P021300 N
070 Q011300 Y
070 Q021300 N
070 R011300 Y
070 R021300 N
071 A001300 198454
071 B001300 80600
071 C001300 328691
071 D001300 25
072 A001300 12
<PAGE> PAGE 67
072 B001300 1674
072 C001300 4282
072 D001300 0
072 E001300 0
072 F001300 2706
072 G001300 0
072 H001300 0
072 I001300 0
072 J001300 77
072 K001300 0
072 L001300 81
072 M001300 65
072 N001300 0
072 O001300 0
072 P001300 0
072 Q001300 0
072 R001300 18
072 S001300 27
072 T001300 0
072 U001300 2
072 V001300 0
072 W001300 15
072 X001300 2991
072 Y001300 0
072 Z001300 2966
072AA001300 11066
072BB001300 0
072CC011300 35305
072CC021300 0
072DD011300 0
072DD021300 0
072EE001300 0
073 A011300 0.1600
073 A021300 0.0000
073 B001300 0.4900
073 C001300 0.0000
074 A001300 15
074 B001300 29735
074 C001300 0
074 D001300 0
074 E001300 3026
074 F001300 408384
074 G001300 0
074 H001300 0
074 I001300 0
074 J001300 448
074 K001300 0
074 L001300 1643
074 M001300 2
074 N001300 443253
074 O001300 2056
<PAGE> PAGE 68
074 P001300 275
074 Q001300 0
074 R011300 0
074 R021300 0
074 R031300 0
074 R041300 570
074 S001300 0
074 T001300 440352
074 U011300 19023
074 U021300 0
074 V011300 23.15
074 V021300 0.00
074 W001300 0.0000
074 X001300 3
074 Y001300 0
075 A001300 0
075 B001300 360821
076 001300 0.00
080 A001300 FEDERAL INSURANCE COMPANY
080 C001300 12000
081 A001300 Y
081 B001300 15
082 A001300 N
082 B001300 0
083 A001300 N
083 B001300 0
084 A001300 N
084 B001300 0
085 A001300 Y
085 B001300 N
008 A001401 TNE ADVISERS, INC.
008 B001401 A
008 C001401 801-47459
008 D011401 BOSTON
008 D021401 MA
008 D031401 02117
008 A001402 FRED ALGER MANAGEMENT, INC.
008 B001402 S
008 C001402 801-06709
008 D011402 JERSEY CITY
008 D021402 NJ
008 D031402 07302
024 001400 Y
025 A001401 MORGAN STANLEY
025 B001401 13-2655998
025 C001401 E
025 D001401 8165
025 A001402 STATE STREET CORP.
025 B001402 04-1867445
025 C001402 E
025 D001402 1823
<PAGE> PAGE 69
025 D001403 0
025 D001404 0
025 D001405 0
025 D001406 0
025 D001407 0
025 D001408 0
028 A011400 17588
028 A021400 551
028 A031400 0
028 A041400 4812
028 B011400 13572
028 B021400 0
028 B031400 0
028 B041400 7436
028 C011400 13052
028 C021400 0
028 C031400 0
028 C041400 5949
028 D011400 13734
028 D021400 0
028 D031400 0
028 D041400 5891
028 E011400 14728
028 E021400 0
028 E031400 0
028 E041400 4618
028 F011400 22642
028 F021400 13872
028 F031400 0
028 F041400 10445
028 G011400 95316
028 G021400 14423
028 G031400 0
028 G041400 39151
028 H001400 0
045 001400 Y
046 001400 N
047 001400 Y
048 001400 0.750
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
<PAGE> PAGE 70
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 N
062 A001400 N
062 B001400 0.0
062 C001400 0.0
062 D001400 0.0
062 E001400 0.0
062 F001400 0.0
062 G001400 0.0
062 H001400 0.0
062 I001400 0.0
062 J001400 0.0
062 K001400 0.0
062 L001400 0.0
062 M001400 0.0
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 0.0
066 A001400 Y
066 B001400 N
066 C001400 Y
066 D001400 N
066 E001400 N
066 F001400 N
066 G001400 N
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
070 A021400 N
070 B011400 Y
070 B021400 N
070 C011400 N
<PAGE> PAGE 71
070 C021400 N
070 D011400 Y
070 D021400 N
070 E011400 N
070 E021400 N
070 F011400 Y
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 Y
070 L021400 Y
070 M011400 Y
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 N
070 P021400 N
070 Q011400 Y
070 Q021400 N
070 R011400 Y
070 R021400 N
071 A001400 363240
071 B001400 307976
071 C001400 258114
071 D001400 119
072 A001400 12
072 B001400 1268
072 C001400 1629
072 D001400 0
072 E001400 0
072 F001400 2115
072 G001400 0
072 H001400 0
072 I001400 0
072 J001400 77
072 K001400 0
072 L001400 74
072 M001400 21
072 N001400 0
072 O001400 0
072 P001400 0
<PAGE> PAGE 72
072 Q001400 0
072 R001400 18
072 S001400 28
072 T001400 0
072 U001400 2
072 V001400 0
072 W001400 15
072 X001400 2350
072 Y001400 0
072 Z001400 547
072AA001400 37574
072BB001400 0
072CC011400 78578
072CC021400 0
072DD011400 0
072DD021400 0
072EE001400 0
073 A011400 0.0400
073 A021400 0.0000
073 B001400 0.8800
073 C001400 0.0000
074 A001400 12
074 B001400 0
074 C001400 48224
074 D001400 0
074 E001400 0
074 F001400 357692
074 G001400 0
074 H001400 0
074 I001400 0
074 J001400 12402
074 K001400 0
074 L001400 1658
074 M001400 2
074 N001400 419990
074 O001400 8586
074 P001400 247
074 Q001400 0
074 R011400 0
074 R021400 0
074 R031400 0
074 R041400 430
074 S001400 0
074 T001400 410727
074 U011400 16354
074 U021400 0
074 V011400 25.11
074 V021400 0.00
074 W001400 0.0000
074 X001400 3
074 Y001400 0
<PAGE> PAGE 73
075 A001400 0
075 B001400 282014
076 001400 0.00
080 A001400 FEDERAL INSURANCE COMPANY
080 C001400 12000
081 A001400 Y
081 B001400 15
082 A001400 N
082 B001400 0
083 A001400 N
083 B001400 0
084 A001400 N
084 B001400 0
085 A001400 Y
085 B001400 N
SIGNATURE PAUL MCCLINTOCK
TITLE A.V.P. FUND ADMIN.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719211
<NAME> NEW ENGLAND ZENITH FUND
<SERIES>
<NUMBER> 001
<NAME> ZENITH BOND INCOME
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 256,323,826
<INVESTMENTS-AT-VALUE> 263,025,742
<RECEIVABLES> 5,315,405
<ASSETS-OTHER> 2,034
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 268,343,183
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 552,662
<TOTAL-LIABILITIES> 552,662
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 260,537,100
<SHARES-COMMON-STOCK> 2,436,936
<SHARES-COMMON-PRIOR> 1,869,650
<ACCUMULATED-NII-CURRENT> 122,796
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 428,181
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,702,444
<NET-ASSETS> 267,790,521
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 16,370,666
<OTHER-INCOME> 0
<EXPENSES-NET> 1,097,811
<NET-INVESTMENT-INCOME> 15,272,855
<REALIZED-GAINS-CURRENT> 3,843,514
<APPREC-INCREASE-CURRENT> 978,516
<NET-CHANGE-FROM-OPS> 20,094,885
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 14,982,245
<DISTRIBUTIONS-OF-GAINS> 3,901,599
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 947,129
<NUMBER-OF-SHARES-REDEEMED> 552,385
<SHARES-REINVESTED> 172,542
<NET-CHANGE-IN-ASSETS> 64,902,538
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 320,163
<OVERDISTRIB-NII-PRIOR> 939
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 917,376
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,097,811
<AVERAGE-NET-ASSETS> 229,344,000
<PER-SHARE-NAV-BEGIN> 108.52
<PER-SHARE-NII> 6.76
<PER-SHARE-GAIN-APPREC> 3.00
<PER-SHARE-DIVIDEND> (6.64)
<PER-SHARE-DISTRIBUTIONS> (1.75)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 109.89
<EXPENSE-RATIO> 0.48
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719211
<NAME> NEW ENGLAND ZENITH FUND
<SERIES>
<NUMBER> 002
<NAME> ZENITH CAPITAL GROWTH
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 1,456,649,624
<INVESTMENTS-AT-VALUE> 1,898,280,310
<RECEIVABLES> 12,092,957
<ASSETS-OTHER> 1,819
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,910,375,086
<PAYABLE-FOR-SECURITIES> 12,099,789
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,526,825
<TOTAL-LIABILITIES> 14,626,614
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,454,914,023
<SHARES-COMMON-STOCK> 4,050,492
<SHARES-COMMON-PRIOR> 3,567,853
<ACCUMULATED-NII-CURRENT> 3,878
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 800,115
<ACCUM-APPREC-OR-DEPREC> 441,630,686
<NET-ASSETS> 1,895,748,472
<DIVIDEND-INCOME> 30,013,003
<INTEREST-INCOME> 408,483
<OTHER-INCOME> 0
<EXPENSES-NET> 10,957,320
<NET-INVESTMENT-INCOME> 19,464,166
<REALIZED-GAINS-CURRENT> 169,787,977
<APPREC-INCREASE-CURRENT> 294,106,307
<NET-CHANGE-FROM-OPS> 483,358,450
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 19,530,694
<DISTRIBUTIONS-OF-GAINS> 224,364,814
<DISTRIBUTIONS-OTHER> 800,115
<NUMBER-OF-SHARES-SOLD> 711,259
<NUMBER-OF-SHARES-REDEEMED> 741,374
<SHARES-REINVESTED> 512,754
<NET-CHANGE-IN-ASSETS> 470,029,384
<ACCUMULATED-NII-PRIOR> 70,406
<ACCUMULATED-GAINS-PRIOR> 54,576,837
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10,272,927
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 10,957,320
<AVERAGE-NET-ASSETS> 1,653,821,167
<PER-SHARE-NAV-BEGIN> 399.60
<PER-SHARE-NII> 5.29
<PER-SHARE-GAIN-APPREC> 130.40
<PER-SHARE-DIVIDEND> (5.31)
<PER-SHARE-DISTRIBUTIONS> (61.95)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 468.03
<EXPENSE-RATIO> 0.66
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719211
<NAME> NEW ENGLAND ZENITH FUND
<SERIES>
<NUMBER> 003
<NAME> ZENITH MONEY MARKET
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 199,784,855
<INVESTMENTS-AT-VALUE> 199,784,855
<RECEIVABLES> 5,377,604
<ASSETS-OTHER> 23,884
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 205,186,343
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,589,329
<TOTAL-LIABILITIES> 1,589,329
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 203,597,014
<SHARES-COMMON-STOCK> 2,035,970
<SHARES-COMMON-PRIOR> 1,110,085
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 203,597,014
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,411,826
<OTHER-INCOME> 0
<EXPENSES-NET> 600,287
<NET-INVESTMENT-INCOME> 6,811,539
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 6,811,539
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,811,539
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,908,547
<NUMBER-OF-SHARES-REDEEMED> 4,048,361
<SHARES-REINVESTED> 65,699
<NET-CHANGE-IN-ASSETS> 92,588,489
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 463,281
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 600,287
<AVERAGE-NET-ASSETS> 132,351,319
<PER-SHARE-NAV-BEGIN> 100.00
<PER-SHARE-NII> 5.13
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (5.13)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 100.00
<EXPENSE-RATIO> 0.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719211
<NAME> NEW ENGLAND ZENITH FUND
<SERIES>
<NUMBER> 004
<NAME> ZENITH STOCK INDEX
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 98,745,492
<INVESTMENTS-AT-VALUE> 187,068,039
<RECEIVABLES> 1,814,160
<ASSETS-OTHER> 2,974
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 188,885,173
<PAYABLE-FOR-SECURITIES> 2,361,408
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 245,534
<TOTAL-LIABILITIES> 2,606,942
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 97,217,861
<SHARES-COMMON-STOCK> 948,805
<SHARES-COMMON-PRIOR> 812,689
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 1,334
<ACCUMULATED-NET-GAINS> 739,157
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 88,322,547
<NET-ASSETS> 186,278,231
<DIVIDEND-INCOME> 2,242,316
<INTEREST-INCOME> 91,547
<OTHER-INCOME> 0
<EXPENSES-NET> 561,540
<NET-INVESTMENT-INCOME> 1,772,323
<REALIZED-GAINS-CURRENT> 1,822,491
<APPREC-INCREASE-CURRENT> 34,683,663
<NET-CHANGE-FROM-OPS> 38,278,477
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,781,029
<DISTRIBUTIONS-OF-GAINS> 965,891
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 362,065
<NUMBER-OF-SHARES-REDEEMED> 239,835
<SHARES-REINVESTED> 13,886
<NET-CHANGE-IN-ASSETS> 59,694,703
<ACCUMULATED-NII-PRIOR> 7,372
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 117,443
<GROSS-ADVISORY-FEES> 381,940
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 561,540
<AVERAGE-NET-ASSETS> 152,774,760
<PER-SHARE-NAV-BEGIN> 155.76
<PER-SHARE-NII> 1.92
<PER-SHARE-GAIN-APPREC> 41.60
<PER-SHARE-DIVIDEND> (1.91)
<PER-SHARE-DISTRIBUTIONS> (1.04)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 196.33
<EXPENSE-RATIO> 0.37
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719211
<NAME> NEW ENGLAND ZENITH FUND
<SERIES>
<NUMBER> 005
<NAME> ZENITH MANAGED FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 138,318,963
<INVESTMENTS-AT-VALUE> 212,005,961
<RECEIVABLES> 1,894,723
<ASSETS-OTHER> 121,895
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 214,022,579
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 383,386
<TOTAL-LIABILITIES> 383,386
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 136,108,055
<SHARES-COMMON-STOCK> 1,028,313
<SHARES-COMMON-PRIOR> 994,358
<ACCUMULATED-NII-CURRENT> 9,035
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,833,767
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 73,688,336
<NET-ASSETS> 213,639,193
<DIVIDEND-INCOME> 2,222,231
<INTEREST-INCOME> 5,265,645
<OTHER-INCOME> 0
<EXPENSES-NET> 1,169,627
<NET-INVESTMENT-INCOME> 6,318,249
<REALIZED-GAINS-CURRENT> 11,371,308
<APPREC-INCREASE-CURRENT> 18,240,693
<NET-CHANGE-FROM-OPS> 35,930,250
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,267,551
<DISTRIBUTIONS-OF-GAINS> 12,208,852
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 137,877
<NUMBER-OF-SHARES-REDEEMED> 192,507
<SHARES-REINVESTED> 88,585
<NET-CHANGE-IN-ASSETS> 24,856,492
<ACCUMULATED-NII-PRIOR> 5,466
<ACCUMULATED-GAINS-PRIOR> 4,624,182
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,003,695
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,169,627
<AVERAGE-NET-ASSETS> 200,739,000
<PER-SHARE-NAV-BEGIN> 189.85
<PER-SHARE-NII> 6.56
<PER-SHARE-GAIN-APPREC> 30.50
<PER-SHARE-DIVIDEND> (6.51)
<PER-SHARE-DISTRIBUTIONS> (12.64)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 207.76
<EXPENSE-RATIO> 0.58
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719211
<NAME> NEW ENGLAND ZENITH FUND
<SERIES>
<NUMBER> 006
<NAME> ZENITH MID CAP VALUE FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 124,592,542
<INVESTMENTS-AT-VALUE> 112,259,604
<RECEIVABLES> 1,971,354
<ASSETS-OTHER> 68,022
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 114,298,980
<PAYABLE-FOR-SECURITIES> 889,864
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 412,088
<TOTAL-LIABILITIES> 1,301,952
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 125,509,565
<SHARES-COMMON-STOCK> 919,816
<SHARES-COMMON-PRIOR> 671,881
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 992
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 178,607
<ACCUM-APPREC-OR-DEPREC> (12,332,938)
<NET-ASSETS> 112,997,028
<DIVIDEND-INCOME> 1,408,456
<INTEREST-INCOME> 399,830
<OTHER-INCOME> 0
<EXPENSES-NET> 1,035,241
<NET-INVESTMENT-INCOME> 773,045
<REALIZED-GAINS-CURRENT> 24,005,683
<APPREC-INCREASE-CURRENT> (31,637,944)
<NET-CHANGE-FROM-OPS> (6,859,216)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 774,037
<DISTRIBUTIONS-OF-GAINS> 25,623,971
<DISTRIBUTIONS-OTHER> 178,608
<NUMBER-OF-SHARES-SOLD> 235,104
<NUMBER-OF-SHARES-REDEEMED> 206,302
<SHARES-REINVESTED> 219,133
<NET-CHANGE-IN-ASSETS> (1,619,551)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,618,289
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 859,331
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,063,644
<AVERAGE-NET-ASSETS> 117,277,286
<PER-SHARE-NAV-BEGIN> 170.59
<PER-SHARE-NII> 1.09
<PER-SHARE-GAIN-APPREC> (11.41)
<PER-SHARE-DIVIDEND> (1.09)
<PER-SHARE-DISTRIBUTIONS> (36.33)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 122.85
<EXPENSE-RATIO> 0.88
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719211
<NAME> NEW ENGLAND ZENITH FUND
<SERIES>
<NUMBER> 007
<NAME> ZENITH GROWTH AND INCOME FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 233,739,832
<INVESTMENTS-AT-VALUE> 280,839,078
<RECEIVABLES> 1,155,015
<ASSETS-OTHER> 477
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 281,994,570
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 437,371
<TOTAL-LIABILITIES> 437,371
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 226,865,622
<SHARES-COMMON-STOCK> 1,351,407
<SHARES-COMMON-PRIOR> 848,644
<ACCUMULATED-NII-CURRENT> 11,052
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,581,279
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47,099,246
<NET-ASSETS> 281,557,199
<DIVIDEND-INCOME> 2,955,991
<INTEREST-INCOME> 331,021
<OTHER-INCOME> 0
<EXPENSES-NET> 1,618,968
<NET-INVESTMENT-INCOME> 1,668,044
<REALIZED-GAINS-CURRENT> 19,998,285
<APPREC-INCREASE-CURRENT> 24,191,543
<NET-CHANGE-FROM-OPS> 45,857,872
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,671,571
<DISTRIBUTIONS-OF-GAINS> 17,136,182
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 660,083
<NUMBER-OF-SHARES-REDEEMED> 247,768
<SHARES-REINVESTED> 90,448
<NET-CHANGE-IN-ASSETS> 128,818,821
<ACCUMULATED-NII-PRIOR> 14,579
<ACCUMULATED-GAINS-PRIOR> 4,719,176
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,462,154
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,618,968
<AVERAGE-NET-ASSETS> 208,879,143
<PER-SHARE-NAV-BEGIN> 179.98
<PER-SHARE-NII> 1.30
<PER-SHARE-GAIN-APPREC> 42.44
<PER-SHARE-DIVIDEND> (1.31)
<PER-SHARE-DISTRIBUTIONS> (14.07)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 208.34
<EXPENSE-RATIO> 0.78
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719211
<NAME> NEW ENGLAND ZENITH FUND
<SERIES>
<NUMBER> 008
<NAME> ZENITH SMALL CAP FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 223,227,418
<INVESTMENTS-AT-VALUE> 240,315,045
<RECEIVABLES> 2,152,715
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 242,467,760
<PAYABLE-FOR-SECURITIES> 3,078,332
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 799,973
<TOTAL-LIABILITIES> 3,878,305
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 228,364,119
<SHARES-COMMON-STOCK> 1,554,081
<SHARES-COMMON-PRIOR> 1,259,130
<ACCUMULATED-NII-CURRENT> 31,144
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 6,893,435
<ACCUM-APPREC-OR-DEPREC> 17,087,627
<NET-ASSETS> 238,589,455
<DIVIDEND-INCOME> 2,821,460
<INTEREST-INCOME> 1,266,966
<OTHER-INCOME> 0
<EXPENSES-NET> 2,178,724
<NET-INVESTMENT-INCOME> 1,909,702
<REALIZED-GAINS-CURRENT> (6,792,530)
<APPREC-INCREASE-CURRENT> 899,887
<NET-CHANGE-FROM-OPS> (3,982,941)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,908,277
<DISTRIBUTIONS-OF-GAINS> 1,896,046
<DISTRIBUTIONS-OTHER> 106,613
<NUMBER-OF-SHARES-SOLD> 707,174
<NUMBER-OF-SHARES-REDEEMED> 438,200
<SHARES-REINVESTED> 25,977
<NET-CHANGE-IN-ASSETS> 38,484,001
<ACCUMULATED-NII-PRIOR> 35,427
<ACCUMULATED-GAINS-PRIOR> 1,896,046
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,178,725
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,404,281
<AVERAGE-NET-ASSETS> 217,872,484
<PER-SHARE-NAV-BEGIN> 158.92
<PER-SHARE-NII> 1.24
<PER-SHARE-GAIN-APPREC> (4.01)
<PER-SHARE-DIVIDEND> (1.24)
<PER-SHARE-DISTRIBUTIONS> (1.39)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 153.52
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719211
<NAME> NEW ENGLAND ZENITH FUND
<SERIES>
<NUMBER> 009
<NAME> ZENITH BALANCED FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 172,564,629
<INVESTMENTS-AT-VALUE> 189,709,406
<RECEIVABLES> 2,196,022
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 191,905,428
<PAYABLE-FOR-SECURITIES> 690,945
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 637,423
<TOTAL-LIABILITIES> 1,328,368
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 172,690,097
<SHARES-COMMON-STOCK> 12,286,960
<SHARES-COMMON-PRIOR> 9,249,784
<ACCUMULATED-NII-CURRENT> 16,938
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 725,194
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17,144,831
<NET-ASSETS> 190,577,060
<DIVIDEND-INCOME> 1,342,333
<INTEREST-INCOME> 4,450,732
<OTHER-INCOME> 0
<EXPENSES-NET> 1,346,290
<NET-INVESTMENT-INCOME> 4,446,775
<REALIZED-GAINS-CURRENT> 3,801,920
<APPREC-INCREASE-CURRENT> 6,024,365
<NET-CHANGE-FROM-OPS> 14,273,060
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,483,422
<DISTRIBUTIONS-OF-GAINS> 3,664,526
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,541,843
<NUMBER-OF-SHARES-REDEEMED> 3,032,615
<SHARES-REINVESTED> 527,948
<NET-CHANGE-IN-ASSETS> 53,133,934
<ACCUMULATED-NII-PRIOR> 51,774
<ACCUMULATED-GAINS-PRIOR> 587,771
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,144,390
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,346,290
<AVERAGE-NET-ASSETS> 163,483,707
<PER-SHARE-NAV-BEGIN> 14.86
<PER-SHARE-NII> 0.38
<PER-SHARE-GAIN-APPREC> 0.97
<PER-SHARE-DIVIDEND> (0.38)
<PER-SHARE-DISTRIBUTIONS> (0.32)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.51
<EXPENSE-RATIO> 0.82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719211
<NAME> NEW ENGLAND ZENITH FUND
<SERIES>
<NUMBER> 010
<NAME> ZENITH INTERNATIONAL EQUITY FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 66,278,706
<INVESTMENTS-AT-VALUE> 68,216,986
<RECEIVABLES> 535,518
<ASSETS-OTHER> 142,460
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 68,894,964
<PAYABLE-FOR-SECURITIES> 132,620
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 593,700
<TOTAL-LIABILITIES> 726,320
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 67,075,774
<SHARES-COMMON-STOCK> 5,978,157
<SHARES-COMMON-PRIOR> 4,885,124
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 179,114
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 455,172
<ACCUM-APPREC-OR-DEPREC> 1,727,156
<NET-ASSETS> 68,168,644
<DIVIDEND-INCOME> 1,191,706
<INTEREST-INCOME> 302,016
<OTHER-INCOME> 0
<EXPENSES-NET> 818,813
<NET-INVESTMENT-INCOME> 674,909
<REALIZED-GAINS-CURRENT> 698,188
<APPREC-INCREASE-CURRENT> 1,803,620
<NET-CHANGE-FROM-OPS> 3,176,717
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 821,658
<DISTRIBUTIONS-OF-GAINS> 658,590
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,622,460
<NUMBER-OF-SHARES-REDEEMED> 1,655,274
<SHARES-REINVESTED> 125,847
<NET-CHANGE-IN-ASSETS> 15,134,091
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 116,715
<OVERDIST-NET-GAINS-PRIOR> 412,258
<GROSS-ADVISORY-FEES> 566,848
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 881,129
<AVERAGE-NET-ASSETS> 62,983,111
<PER-SHARE-NAV-BEGIN> 10.86
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> 0.66
<PER-SHARE-DIVIDEND> (0.15)
<PER-SHARE-DISTRIBUTIONS> (0.11)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.40
<EXPENSE-RATIO> 1.30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719211
<NAME> NEW ENGLAND ZENITH FUND
<SERIES>
<NUMBER> 011
<NAME> ZENITH SALOMON BROTHERS U.S. GOVT FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 62,445,173
<INVESTMENTS-AT-VALUE> 62,847,997
<RECEIVABLES> 564,908
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 63,412,905
<PAYABLE-FOR-SECURITIES> 15,288,316
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,318,022
<TOTAL-LIABILITIES> 17,606,338
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 45,289,221
<SHARES-COMMON-STOCK> 3,993,162
<SHARES-COMMON-PRIOR> 1,988,617
<ACCUMULATED-NII-CURRENT> 16,486
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 98,036
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 402,824
<NET-ASSETS> 45,806,567
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,969,168
<OTHER-INCOME> 0
<EXPENSES-NET> 215,457
<NET-INVESTMENT-INCOME> 1,753,711
<REALIZED-GAINS-CURRENT> 273,855
<APPREC-INCREASE-CURRENT> 196,244
<NET-CHANGE-FROM-OPS> 2,223,810
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,671,941
<DISTRIBUTIONS-OF-GAINS> 240,092
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,026,984
<NUMBER-OF-SHARES-REDEEMED> 1,189,557
<SHARES-REINVESTED> 167,118
<NET-CHANGE-IN-ASSETS> 23,663,220
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 3,019
<GROSS-ADVISORY-FEES> 169,287
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 237,241
<AVERAGE-NET-ASSETS> 30,779,455
<PER-SHARE-NAV-BEGIN> 11.14
<PER-SHARE-NII> 0.47
<PER-SHARE-GAIN-APPREC> 0.37
<PER-SHARE-DIVIDEND> (0.45)
<PER-SHARE-DISTRIBUTIONS> (0.06)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.47
<EXPENSE-RATIO> 0.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719211
<NAME> NEW ENGLAND ZENITH FUND
<SERIES>
<NUMBER> 012
<NAME> ZENITH SALOMON BROS. STRATEGIC BOND OPP. FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 107,384,395
<INVESTMENTS-AT-VALUE> 106,600,060
<RECEIVABLES> 2,168,449
<ASSETS-OTHER> 5,917
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 108,774,426
<PAYABLE-FOR-SECURITIES> 12,991,318
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 333,237
<TOTAL-LIABILITIES> 13,324,555
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 98,831,216
<SHARES-COMMON-STOCK> 8,353,715
<SHARES-COMMON-PRIOR> 5,926,550
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 45,647
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 2,553,476
<ACCUM-APPREC-OR-DEPREC> (782,222)
<NET-ASSETS> 95,449,871
<DIVIDEND-INCOME> 5,865
<INTEREST-INCOME> 6,933,508
<OTHER-INCOME> 0
<EXPENSES-NET> 732,318
<NET-INVESTMENT-INCOME> 6,207,055
<REALIZED-GAINS-CURRENT> (2,493,823)
<APPREC-INCREASE-CURRENT> (2,329,435)
<NET-CHANGE-FROM-OPS> 1,383,797
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,162,469
<DISTRIBUTIONS-OF-GAINS> 87,409
<DISTRIBUTIONS-OTHER> 137,672
<NUMBER-OF-SHARES-SOLD> 3,992,202
<NUMBER-OF-SHARES-REDEEMED> 2,123,814
<SHARES-REINVESTED> 558,777
<NET-CHANGE-IN-ASSETS> 24,247,926
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 87,409
<OVERDISTRIB-NII-PRIOR> 14,223
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 560,007
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 732,318
<AVERAGE-NET-ASSETS> 86,154,923
<PER-SHARE-NAV-BEGIN> 12.01
<PER-SHARE-NII> 0.80
<PER-SHARE-GAIN-APPREC> (0.56)
<PER-SHARE-DIVIDEND> (0.79)
<PER-SHARE-DISTRIBUTIONS> (0.03)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.43
<EXPENSE-RATIO> 0.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719211
<NAME> NEW ENGLAND ZENITH FUND
<SERIES>
<NUMBER> 013
<NAME> ZENITH DAVIS VENTURE VALUE FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 346,183,567
<INVESTMENTS-AT-VALUE> 441,145,319
<RECEIVABLES> 2,090,493
<ASSETS-OTHER> 16,479
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 443,252,291
<PAYABLE-FOR-SECURITIES> 2,055,817
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 845,565
<TOTAL-LIABILITIES> 2,901,384
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 342,803,424
<SHARES-COMMON-STOCK> 19,022,696
<SHARES-COMMON-PRIOR> 13,483,556
<ACCUMULATED-NII-CURRENT> 12,192
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,573,461
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 94,961,830
<NET-ASSETS> 440,350,907
<DIVIDEND-INCOME> 4,281,941
<INTEREST-INCOME> 1,674,364
<OTHER-INCOME> 0
<EXPENSES-NET> 2,990,495
<NET-INVESTMENT-INCOME> 2,965,810
<REALIZED-GAINS-CURRENT> 11,066,435
<APPREC-INCREASE-CURRENT> 35,305,436
<NET-CHANGE-FROM-OPS> 49,337,681
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,955,699
<DISTRIBUTIONS-OF-GAINS> 8,942,796
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,098,582
<NUMBER-OF-SHARES-REDEEMED> 4,074,457
<SHARES-REINVESTED> 515,015
<NET-CHANGE-IN-ASSETS> 159,902,830
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 449,896
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,706,162
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,990,495
<AVERAGE-NET-ASSETS> 360,821,200
<PER-SHARE-NAV-BEGIN> 20.8
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> 2.84
<PER-SHARE-DIVIDEND> (0.16)
<PER-SHARE-DISTRIBUTIONS> (0.49)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.15
<EXPENSE-RATIO> 0.83
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719211
<NAME> NEW ENGLAND ZENITH FUND
<SERIES>
<NUMBER> 014
<NAME> ZENITH ALGER EQUITY GROWTH FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 298,647,628
<INVESTMENTS-AT-VALUE> 405,916,565
<RECEIVABLES> 14,059,310
<ASSETS-OTHER> 14,085
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 419,989,960
<PAYABLE-FOR-SECURITIES> 8,586,451
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 677,880
<TOTAL-LIABILITIES> 9,264,331
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 279,437,135
<SHARES-COMMON-STOCK> 16,353,873
<SHARES-COMMON-PRIOR> 11,653,426
<ACCUMULATED-NII-CURRENT> 607
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 24,018,950
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 107,268,937
<NET-ASSETS> 410,725,629
<DIVIDEND-INCOME> 1,628,943
<INTEREST-INCOME> 1,267,940
<OTHER-INCOME> 0
<EXPENSES-NET> 2,349,522
<NET-INVESTMENT-INCOME> 547,361
<REALIZED-GAINS-CURRENT> 37,574,347
<APPREC-INCREASE-CURRENT> 78,578,213
<NET-CHANGE-FROM-OPS> 116,699,921
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 608,527
<DISTRIBUTIONS-OF-GAINS> 13,814,120
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,106,627
<NUMBER-OF-SHARES-REDEEMED> 2,982,315
<SHARES-REINVESTED> 576,135
<NET-CHANGE-IN-ASSETS> 205,407,194
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 219,950
<GROSS-ADVISORY-FEES> 2,115,106
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,349,522
<AVERAGE-NET-ASSETS> 282,014,133
<PER-SHARE-NAV-BEGIN> 17.62
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 8.37
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> (0.88)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 25.11
<EXPENSE-RATIO> 0.83
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
Enclosed is a summary of what the New England Zenith Funds gave to
the board to disclosing their 10f-3 Transactions.
Rule 10f-3 under the 1940 Act requires the board of Trustees to review
any purchases of securities by a Fund from any underwriting syndicate
of which an affiliate of the Fund is a member. Morgan Stanley
Magnum International Equity Series engaged in two Rule 10f-3
transactions. No other Series has reportable Rule 10f-3 transactions
during the third and fourth quarter.
The first IPO in which the New England Zenith Morgan Stanley
Magnum International Equity Series was NTT Mobile
Communications, Inc. The offering date was October 22, 1998.
65,400 securities were offered. The affiliated Broker was Morgan
Stanley Japan Limited. The price per unit was 3,900,000 yen.
The Series purchased 4 units with a value of 15,600,000 yen from
Salomon Brothers.
NTT Mobile Communications, Inc was purchased with the
understanding that was firm commitment underwriting. The
transaction was executed way from Morgan Stanley. Morgan Stanley
will not receive compensation. The commission or spread received by
the underwriters was reasonable and fair. The total principal amount
was not more than 10% of the total offering.
The second IPO in which the New England Zenith Morgan Stanley
Magnum International Equity Series was Swisscom. The offering date
was May 10, 1998. 17,253,872 securities were offered. The affiliated
Broker was Morgan Stanley International Limited. The price per unit
was 340 Swiss franc, 252.77 US Dollars. The Series purchased 1550
units with a value of 391,794 US Dollars from J.P. Morgan Securities
London.
Swisscom was purchased with the understanding that was firm
commitment underwriting. The transaction was executed way from
Morgan Stanley. Morgan Stanley will not receive compensation. The
commission or spread received by the underwriters was reasonable and
fair. The total principal amount was not more than 10% of the total
offering.
INDEPENDENT AUDITORS REPORT
To the Shareholders and Board of Trustees of
New England Zenith Fund:
In planning and performing our audit of the financial statements of New England
Zenith Fund the Fund including the Back Bay Advisors Bond Income Series,
Capital Growth Series, Back Bay Advisors Money Market Series, Westpeak Stock
Index Series, Back Bay Advisors Managed Series, Goldman Sachs Midcap Value
Series formerly the Loomis Sayles Avanti Growth Series, Westpeak Growth and
Income Series, Loomis Sayles Small Cap Series, Loomis Sayles Balanced Series,
Morgan Stanley International Magnum Equity Series, Salomon Brothers U.S.
Government Series, Salomon Brothers Strategic Bond Opportunities Series, Davis
Venture Value Series, and Alger Equity Growth Series for the year ended
December 31, 1998 on which we have issued our report dated February 5, 1999,
we considered its internal control, including control activities for
safeguarding securities, in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and to comply
with the requirements of Form N-SAR, and not to provide assurance on the Funds
internal control. The management of the Fund is responsible for establishing
and maintaining internal control. In fulfilling this responsibility, estimates
and judgments by management are required to assess the expected benefits and
related costs of controls. Generally, controls that are relevant to an audit
pertain to the entitys objective of preparing financial statements for external
purposes that are fairly presented in conformity with generally accepted
accounting principles. Those controls include the safeguarding of assets
against unauthorized acquisition, use or disposition. Because of inherent
limitations in any internal control, misstatements due to errors or fraud may
occur and not be detected. Also, projection of any evaluation of internal
control to future periods is subject to the risk that it may become inadequate
because of changes in conditions or that the degree of compliance with policies
or procedures may deteriorate.
Our consideration of the Funds internal control would not necessarily
disclose all matters in internal control that might be material weaknesses
under standards established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the design or
operation of one or more of the internal control components does not reduce
to a relatively low level the risk that misstatements, errors or fraud in
amounts that would be material in relation to the financial statements
being audited may occur and not be detected within a timely period by
employees in the normal course of performing their assigned functions.
However, we noted no matters involving the Funds internal control and its
operation, including controls for safeguarding securities, that we consider
to be material weaknesses as defined above as of December 31, 1998.
This report is intended solely for the information and use of management,
the Board of Trustees of New England Zenith Fund, and the Securities and
Exchange Commission and is not intended to be and should not be used by
anyone other than these specified parties.
Deloitte and Touche LLP
February 5, 1999
