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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> VALUE EQUITY FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 64931005
<INVESTMENTS-AT-VALUE> 64514556
<RECEIVABLES> 259674
<ASSETS-OTHER> 14303
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 64788533
<PAYABLE-FOR-SECURITIES> 316701
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 541168
<TOTAL-LIABILITIES> 857869
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> (27931128)
<SHARES-COMMON-STOCK> 1136058
<SHARES-COMMON-PRIOR> 1052751
<ACCUMULATED-NII-CURRENT> 19333579
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 72936374
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (408161)
<NET-ASSETS> 63930664
<DIVIDEND-INCOME> 1236120
<INTEREST-INCOME> 139290
<OTHER-INCOME> 0
<EXPENSES-NET> 749027
<NET-INVESTMENT-INCOME> 626383
<REALIZED-GAINS-CURRENT> 11453123
<APPREC-INCREASE-CURRENT> (14028220)
<NET-CHANGE-FROM-OPS> (1948714)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 334572
<NUMBER-OF-SHARES-REDEEMED> 251265
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3541592
<ACCUMULATED-NII-PRIOR> 18707196
<ACCUMULATED-GAINS-PRIOR> 61483251
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 261587
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 753437
<AVERAGE-NET-ASSETS> 67197427
<PER-SHARE-NAV-BEGIN> 57.36
<PER-SHARE-NII> 0.57
<PER-SHARE-GAIN-APPREC> (1.66)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 56.27
<EXPENSE-RATIO> 1.11
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF OPERATIONS
FOUND IN THE COMPANY'S ANNUAL REPORT, AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> INTERNATIONAL EQUITY FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 33202721
<INVESTMENTS-AT-VALUE> 33808255
<RECEIVABLES> 832104
<ASSETS-OTHER> 451991
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 35092350
<PAYABLE-FOR-SECURITIES> 34184
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 975550
<TOTAL-LIABILITIES> 1009734
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> (2206300)
<SHARES-COMMON-STOCK> 750128
<SHARES-COMMON-PRIOR> 690533
<ACCUMULATED-NII-CURRENT> (1761617)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 37586795
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 463738
<NET-ASSETS> 34082616
<DIVIDEND-INCOME> 491417
<INTEREST-INCOME> 124604
<OTHER-INCOME> 0
<EXPENSES-NET> 716717
<NET-INVESTMENT-INCOME> (100696)
<REALIZED-GAINS-CURRENT> 1791647
<APPREC-INCREASE-CURRENT> (5778005)
<NET-CHANGE-FROM-OPS> (4087054)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 195365
<NUMBER-OF-SHARES-REDEEMED> 135770
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1193679)
<ACCUMULATED-NII-PRIOR> (1660921)
<ACCUMULATED-GAINS-PRIOR> 35795148
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 295732
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 736717
<AVERAGE-NET-ASSETS> 36974272
<PER-SHARE-NAV-BEGIN> 51.09
<PER-SHARE-NII> (0.14)
<PER-SHARE-GAIN-APPREC> (5.51)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 45.44
<EXPENSE-RATIO> 1.94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF OPERATIONS
FOUND IN THE COMPANY'S ANNUAL REPORT, AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 6
<NAME> SHORT TERM INVESTMENT FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 30076621
<INVESTMENTS-AT-VALUE> 30115097
<RECEIVABLES> 2634751
<ASSETS-OTHER> 484335
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33234183
<PAYABLE-FOR-SECURITIES> 578808
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 270855
<TOTAL-LIABILITIES> 849663
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> (11061810)
<SHARES-COMMON-STOCK> 1451475
<SHARES-COMMON-PRIOR> 1272760
<ACCUMULATED-NII-CURRENT> 42078568
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1329286
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38476
<NET-ASSETS> 32384520
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1406761
<OTHER-INCOME> 0
<EXPENSES-NET> 198044
<NET-INVESTMENT-INCOME> 1208717
<REALIZED-GAINS-CURRENT> (625)
<APPREC-INCREASE-CURRENT> 21885
<NET-CHANGE-FROM-OPS> 1229977
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2372449
<NUMBER-OF-SHARES-REDEEMED> 2193734
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5363485
<ACCUMULATED-NII-PRIOR> 40869851
<ACCUMULATED-GAINS-PRIOR> 1329911
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 61881
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 321891
<AVERAGE-NET-ASSETS> 24715601
<PER-SHARE-NAV-BEGIN> 21.23
<PER-SHARE-NII> 1.06
<PER-SHARE-GAIN-APPREC> 0.02
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 22.31
<EXPENSE-RATIO> 0.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF OPERATIONS
FOUND IN THE COMPANY'S ANNUAL REPORT, AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 7
<NAME> INTERMEDIATE TERM BOND FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 59784684
<INVESTMENTS-AT-VALUE> 61118908
<RECEIVABLES> 3757313
<ASSETS-OTHER> 60958
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 64937179
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5218763
<TOTAL-LIABILITIES> 5218763
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> (84337106)
<SHARES-COMMON-STOCK> 1751290
<SHARES-COMMON-PRIOR> 2167435
<ACCUMULATED-NII-CURRENT> 126622050
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 16099248
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1334224
<NET-ASSETS> 59718416
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4527149
<OTHER-INCOME> 0
<EXPENSES-NET> 711751
<NET-INVESTMENT-INCOME> 3815398
<REALIZED-GAINS-CURRENT> 864694
<APPREC-INCREASE-CURRENT> 282393
<NET-CHANGE-FROM-OPS> 4962485
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 227648
<NUMBER-OF-SHARES-REDEEMED> 643793
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (8670352)
<ACCUMULATED-NII-PRIOR> 122806652
<ACCUMULATED-GAINS-PRIOR> 15234554
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 243403
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 711751
<AVERAGE-NET-ASSETS> 64481367
<PER-SHARE-NAV-BEGIN> 31.55
<PER-SHARE-NII> 1.93
<PER-SHARE-GAIN-APPREC> 0.62
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 34.10
<EXPENSE-RATIO> 1.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF OPERATIONS
FOUND IN THE COMPANY'S ANNUAL REPORT, AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 8
<NAME> ACTIVELY MANAGED BOND FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> SEP-30-1998
<INVESTMENTS-AT-COST> 156375535
<INVESTMENTS-AT-VALUE> 164837305
<RECEIVABLES> 6486963
<ASSETS-OTHER> 288804
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 171613072
<PAYABLE-FOR-SECURITIES> 3972931
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5285092
<TOTAL-LIABILITIES> 9258023
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> (49203909)
<SHARES-COMMON-STOCK> 4303204
<SHARES-COMMON-PRIOR> 4341073
<ACCUMULATED-NII-CURRENT> 165876513
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 37220675
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8461770
<NET-ASSETS> 162355049
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10517554
<OTHER-INCOME> 0
<EXPENSES-NET> 1218565
<NET-INVESTMENT-INCOME> 9298989
<REALIZED-GAINS-CURRENT> 3247694
<APPREC-INCREASE-CURRENT> 3846747
<NET-CHANGE-FROM-OPS> 16393430
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 744236
<NUMBER-OF-SHARES-REDEEMED> 782105
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 15216243
<ACCUMULATED-NII-PRIOR> 156577524
<ACCUMULATED-GAINS-PRIOR> 33972981
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 500102
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1218565
<AVERAGE-NET-ASSETS> 150993469
<PER-SHARE-NAV-BEGIN> 33.89
<PER-SHARE-NII> 2.19
<PER-SHARE-GAIN-APPREC> 1.65
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 37.73
<EXPENSE-RATIO> 0.81
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
