SIFE TRUST FUND
NSAR-B, 1999-02-26
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<PAGE>      PAGE  1
000 B000000 12/31/1998
000 C000000 728187
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 SIFE TRUST FUND
001 B000000 811-987
001 C000000 9259882430
002 A000000 100 N WIGET LANE
002 B000000 WALNUT CREEK
002 C000000 CA
002 D010000 94598
002 D020000 2408
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
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007 C030100 N
007 C010200  2
007 C020200 CLASS AII
007 C030200 N
007 C010300  3
007 C020300 CLASS B
007 C030300 N
007 C010400  4
007 C020400 CLASS C
007 C030400 N
007 C010500  5
007 C010600  6
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<PAGE>      PAGE  2
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012 A00AA02 BOSTON FINANCIAL DATA SERVICES
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012 C01AA02 BOSTON
012 C02AA02 MA
012 C03AA02 02266
012 C04AA02 8004
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 SAN FRANCISCO
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014 B00AA01 8-9539
015 A00AA01 STATE STREET BANK AND TRUST
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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SIGNATURE   GARY ISAACSON                                
TITLE       TREASURER           
 

<TABLE> <S> <C>

<ARTICLE>                           6
<CIK>                               0000728187
<NAME>                              Sife Trust Fund
<SERIES>
   <NUMBER>                         011
   <NAME>                           Class AI
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<S>                                 <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE>                           6
<CIK>                               0000728187
<NAME>                              Sife Trust Fund
<SERIES>
   <NUMBER>                         012
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<S>                                 <C>
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<SHARES-COMMON-PRIOR>                              13,153
<ACCUMULATED-NII-CURRENT>                             801
<OVERDISTRIBUTION-NII>                                 (1)
<ACCUMULATED-NET-GAINS>                             5,791
<OVERDISTRIBUTION-GAINS>                            1,379
<ACCUM-APPREC-OR-DEPREC>                           (2,679)
<NET-ASSETS>                                      116,651
<DIVIDEND-INCOME>                                   2,009
<INTEREST-INCOME>                                     316
<OTHER-INCOME>                                          1
<EXPENSES-NET>                                      1,525
<NET-INVESTMENT-INCOME>                               801
<REALIZED-GAINS-CURRENT>                            5,791
<APPREC-INCREASE-CURRENT>                          (2,679)
<NET-CHANGE-FROM-OPS>                               3,913
<EQUALIZATION>                                          0
<DISTRIBUTIONS-OF-INCOME>                             801
<DISTRIBUTIONS-OF-GAINS>                            7,170
<DISTRIBUTIONS-OTHER>                                   0
<NUMBER-OF-SHARES-SOLD>                            41,331
<NUMBER-OF-SHARES-REDEEMED>                        37,125
<SHARES-REINVESTED>                                 1,269
<NET-CHANGE-IN-ASSETS>                             31,724
<ACCUMULATED-NII-PRIOR>                               570
<ACCUMULATED-GAINS-PRIOR>                           3,273
<OVERDISTRIB-NII-PRIOR>                                47
<OVERDIST-NET-GAINS-PRIOR>                              0
<GROSS-ADVISORY-FEES>                               1,271
<INTEREST-EXPENSE>                                      0
<GROSS-EXPENSE>                                     1,525
<AVERAGE-NET-ASSETS>                              101,030
<PER-SHARE-NAV-BEGIN>                              6.46
<PER-SHARE-NII>                                    0.05
<PER-SHARE-GAIN-APPREC>                            0.23
<PER-SHARE-DIVIDEND>                               0.05
<PER-SHARE-DISTRIBUTIONS>                          0.43
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                                6.26
<EXPENSE-RATIO>                                   1.50
<AVG-DEBT-OUTSTANDING>                                0
<AVG-DEBT-PER-SHARE>                                  0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                             6
<CIK>                                 0000728187
<NAME>                                Sife Trust Fund
<SERIES>
   <NUMBER>                           013
   <NAME>                             Class B
<MULTIPLIER>                                           1,000
       
<S>                                   <C>
<PERIOD-TYPE>                         12-MOS
<FISCAL-YEAR-END>                     DEC-31-1998
<PERIOD-START>                        JAN-01-1998
<PERIOD-END>                          DEC-31-1998
<INVESTMENTS-AT-COST>                                584,392
<INVESTMENTS-AT-VALUE>                             1,055,681
<RECEIVABLES>                                         10,043
<ASSETS-OTHER>                                       112,865
<OTHER-ITEMS-ASSETS>                                     0
<TOTAL-ASSETS>                                     1,178,590
<PAYABLE-FOR-SECURITIES>                                 0
<SENIOR-LONG-TERM-DEBT>                                  0
<OTHER-ITEMS-LIABILITIES>                              3,704
<TOTAL-LIABILITIES>                                    3,704
<SENIOR-EQUITY>                                          0
<PAID-IN-CAPITAL-COMMON>              0
<SHARES-COMMON-STOCK>                                  6,275
<SHARES-COMMON-PRIOR>                                  2,497
<ACCUMULATED-NII-CURRENT>                                 15
<OVERDISTRIBUTION-NII>                                     0
<ACCUMULATED-NET-GAINS>                                1,442
<OVERDISTRIBUTION-GAINS>                               1,070
<ACCUM-APPREC-OR-DEPREC>                                (902)
<NET-ASSETS>                                          39,294
<DIVIDEND-INCOME>                                        594
<INTEREST-INCOME>                                        103
<OTHER-INCOME>                                             0
<EXPENSES-NET>                                           682
<NET-INVESTMENT-INCOME>                                   15
<REALIZED-GAINS-CURRENT>                               1,442
<APPREC-INCREASE-CURRENT>                               (902)
<NET-CHANGE-FROM-OPS>                                    555
<EQUALIZATION>                                             0
<DISTRIBUTIONS-OF-INCOME>                                 15
<DISTRIBUTIONS-OF-GAINS>                               2,512
<DISTRIBUTIONS-OTHER>                                      0
<NUMBER-OF-SHARES-SOLD>                                3,923
<NUMBER-OF-SHARES-REDEEMED>                              511
<SHARES-REINVESTED>                                      367
<NET-CHANGE-IN-ASSETS>                                23,179
<ACCUMULATED-NII-PRIOR>                                   13
<ACCUMULATED-GAINS-PRIOR>                                201
<OVERDISTRIB-NII-PRIOR>                                   36
<OVERDIST-NET-GAINS-PRIOR>                                 0
<GROSS-ADVISORY-FEES>                                    379
<INTEREST-EXPENSE>                                         0
<GROSS-EXPENSE>                                          682
<AVERAGE-NET-ASSETS>                                  29,841
<PER-SHARE-NAV-BEGIN>                                 6.45
<PER-SHARE-NII>                                          0
<PER-SHARE-GAIN-APPREC>                               0.24
<PER-SHARE-DIVIDEND>                                     0
<PER-SHARE-DISTRIBUTIONS>                             0.43
<RETURNS-OF-CAPITAL>                                     0
<PER-SHARE-NAV-END>                                   6.26
<EXPENSE-RATIO>                                      2.25
<AVG-DEBT-OUTSTANDING>                                   0
<AVG-DEBT-PER-SHARE>                                     0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                              6
<CIK>                                  0000728187
<NAME>                                 Sife Trust Fund
<SERIES>
   <NUMBER>                            014
   <NAME>                              Class C
<MULTIPLIER>                                          1,000
       
<S>                                     <C>
<PERIOD-TYPE>                           12-MOS
<FISCAL-YEAR-END>                       DEC-31-1998
<PERIOD-START>                          JAN-01-1998
<PERIOD-END>                            DEC-31-1998
<INVESTMENTS-AT-COST>                               584,392
<INVESTMENTS-AT-VALUE>                            1,055,681
<RECEIVABLES>                                        10,043
<ASSETS-OTHER>                                      112,865
<OTHER-ITEMS-ASSETS>                                      0
<TOTAL-ASSETS>                                    1,178,590
<PAYABLE-FOR-SECURITIES>                                  0
<SENIOR-LONG-TERM-DEBT>                                   0
<OTHER-ITEMS-LIABILITIES>                             3,704
<TOTAL-LIABILITIES>                                   3,704
<SENIOR-EQUITY>                                           0
<PAID-IN-CAPITAL-COMMON>                0
<SHARES-COMMON-STOCK>                                   569
<SHARES-COMMON-PRIOR>                                   204
<ACCUMULATED-NII-CURRENT>                                 1
<OVERDISTRIBUTION-NII>                                    0
<ACCUMULATED-NET-GAINS>                                 125
<OVERDISTRIBUTION-GAINS>                                 65
<ACCUM-APPREC-OR-DEPREC>                                (82)
<NET-ASSETS>                                          3,551
<DIVIDEND-INCOME>                                        51
<INTEREST-INCOME>                                         9
<OTHER-INCOME>                                            0
<EXPENSES-NET>                                           59
<NET-INVESTMENT-INCOME>                                   1
<REALIZED-GAINS-CURRENT>                                125
<APPREC-INCREASE-CURRENT>                               (82)
<NET-CHANGE-FROM-OPS>                                    44
<EQUALIZATION>                                            0
<DISTRIBUTIONS-OF-INCOME>                                 1
<DISTRIBUTIONS-OF-GAINS>                                190
<DISTRIBUTIONS-OTHER>                                     0
<NUMBER-OF-SHARES-SOLD>                                 479
<NUMBER-OF-SHARES-REDEEMED>                             142
<SHARES-REINVESTED>                                      28
<NET-CHANGE-IN-ASSETS>                                2,231
<ACCUMULATED-NII-PRIOR>                                   1
<ACCUMULATED-GAINS-PRIOR>                                18
<OVERDISTRIB-NII-PRIOR>                                   3
<OVERDIST-NET-GAINS-PRIOR>                                0
<GROSS-ADVISORY-FEES>                                    33
<INTEREST-EXPENSE>                                        0
<GROSS-EXPENSE>                                          59
<AVERAGE-NET-ASSETS>                                  2,601
<PER-SHARE-NAV-BEGIN>                                 6.46
<PER-SHARE-NII>                                          0
<PER-SHARE-GAIN-APPREC>                               0.21
<PER-SHARE-DIVIDEND>                                     0
<PER-SHARE-DISTRIBUTIONS>                             0.43
<RETURNS-OF-CAPITAL>                                     0
<PER-SHARE-NAV-END>                                   6.24
<EXPENSE-RATIO>                                      2.25
<AVG-DEBT-OUTSTANDING>                                   0
<AVG-DEBT-PER-SHARE>                                     0
        

</TABLE>


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