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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 26
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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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<PAGE> PAGE 36
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SIGNATURE STEPHEN P. POLLAK
TITLE VP, GENERAL COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 627,252
<AVERAGE-NET-ASSETS> 59,436,658
<PER-SHARE-NAV-BEGIN> 54.90
<PER-SHARE-NII> (0.50)
<PER-SHARE-GAIN-APPREC> 11.67
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 66.07
<EXPENSE-RATIO> 2.09
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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 SEMI-ANNUAL REPORT, AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> VALUE EQUITY FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> SEP-30-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 63,115,987
<INVESTMENTS-AT-VALUE> 74,390,619
<RECEIVABLES> 186,016
<ASSETS-OTHER> 119,929
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 74,696,564
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 95,378
<TOTAL-LIABILITIES> 95,378
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> (33,507,568)
<SHARES-COMMON-STOCK> 1,051,683
<SHARES-COMMON-PRIOR> 1,136,058
<ACCUMULATED-NII-CURRENT> 19,685,777
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 77,148,345
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,274,632
<NET-ASSETS> 74,601,186
<DIVIDEND-INCOME> 697,410
<INTEREST-INCOME> 46,541
<OTHER-INCOME> 0
<EXPENSES-NET> 391,753
<NET-INVESTMENT-INCOME> 352,198
<REALIZED-GAINS-CURRENT> 4,211,971
<APPREC-INCREASE-CURRENT> 11,682,793
<NET-CHANGE-FROM-OPS> 16,246,962
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 85,982
<NUMBER-OF-SHARES-REDEEMED> 170,357
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 10,670,522
<ACCUMULATED-NII-PRIOR> 19,333,579
<ACCUMULATED-GAINS-PRIOR> 72,936,374
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 136,628
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 391,753
<AVERAGE-NET-ASSETS> 72,502,203
<PER-SHARE-NAV-BEGIN> 56.27
<PER-SHARE-NII> 0.32
<PER-SHARE-GAIN-APPREC> 14.35
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 70.94
<EXPENSE-RATIO> 1.08
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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 SEMI-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> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> SEP-30-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 30,545,467
<INVESTMENTS-AT-VALUE> 33,147,362
<RECEIVABLES> 483,196
<ASSETS-OTHER> 1,906,609
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 35,537,167
<PAYABLE-FOR-SECURITIES> 439,650
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 706,683
<TOTAL-LIABILITIES> 1,146,333
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> (7,555,720)
<SHARES-COMMON-STOCK> 647,165
<SHARES-COMMON-PRIOR> 750,128
<ACCUMULATED-NII-CURRENT> (1,418,143)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 40,736,182
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,628,515
<NET-ASSETS> 34,390,834
<DIVIDEND-INCOME> 146,505
<INTEREST-INCOME> 10,743
<OTHER-INCOME> 0
<EXPENSES-NET> 368,542
<NET-INVESTMENT-INCOME> (211,296)
<REALIZED-GAINS-CURRENT> 3,712,208
<APPREC-INCREASE-CURRENT> 2,154,915
<NET-CHANGE-FROM-OPS> 5,655,827
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27,864
<NUMBER-OF-SHARES-REDEEMED> 130,828
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 308,218
<ACCUMULATED-NII-PRIOR> (1,761,617)
<ACCUMULATED-GAINS-PRIOR> 37,586,795
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 108,837
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 373,544
<AVERAGE-NET-ASSETS> 36,380,331
<PER-SHARE-NAV-BEGIN> 45.44
<PER-SHARE-NII> (0.27)
<PER-SHARE-GAIN-APPREC> 7.97
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 53.14
<EXPENSE-RATIO> 2.03
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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 SEMI-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> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> SEP-30-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 29,837,712
<INVESTMENTS-AT-VALUE> 29,894,433
<RECEIVABLES> 317,328
<ASSETS-OTHER> 63,479
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 30,275,240
<PAYABLE-FOR-SECURITIES> 1,571,860
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 82,590
<TOTAL-LIABILITIES> 1,654,450
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> (15,455,444)
<SHARES-COMMON-STOCK> 1,253,942
<SHARES-COMMON-PRIOR> 1,451,475
<ACCUMULATED-NII-CURRENT> 42,711,725
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,307,787
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 56,722
<NET-ASSETS> 28,620,790
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 743,717
<OTHER-INCOME> 0
<EXPENSES-NET> 110,560
<NET-INVESTMENT-INCOME> 633,157
<REALIZED-GAINS-CURRENT> (21,498)
<APPREC-INCREASE-CURRENT> 18,245
<NET-CHANGE-FROM-OPS> 629,904
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 901,971
<NUMBER-OF-SHARES-REDEEMED> 1,099,504
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (3,763,730)
<ACCUMULATED-NII-PRIOR> 42,078,568
<ACCUMULATED-GAINS-PRIOR> 1,329,286
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 34,550
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 174,725
<AVERAGE-NET-ASSETS> 27,671,206
<PER-SHARE-NAV-BEGIN> 22.31
<PER-SHARE-NII> 0.51
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 22.82
<EXPENSE-RATIO> 0.80
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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 SEMI-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> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> SEP-30-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 61,536,007
<INVESTMENTS-AT-VALUE> 61,920,147
<RECEIVABLES> 476,921
<ASSETS-OTHER> 1,587,225
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 63,984,293
<PAYABLE-FOR-SECURITIES> 292,343
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,585,891
<TOTAL-LIABILITIES> 1,878,234
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> (82,594,721)
<SHARES-COMMON-STOCK> 1,802,320
<SHARES-COMMON-PRIOR> 1,751,290
<ACCUMULATED-NII-CURRENT> 128,181,692
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 16,134,948
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 384,140
<NET-ASSETS> 62,106,059
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,894,817
<OTHER-INCOME> 0
<EXPENSES-NET> 335,176
<NET-INVESTMENT-INCOME> 1,559,641
<REALIZED-GAINS-CURRENT> 35,700
<APPREC-INCREASE-CURRENT> (950,083)
<NET-CHANGE-FROM-OPS> 645,258
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 289,747
<NUMBER-OF-SHARES-REDEEMED> 238,717
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,387,643
<ACCUMULATED-NII-PRIOR> 126,622,050
<ACCUMULATED-GAINS-PRIOR> 16,099,248
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 112,795
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 335,176
<AVERAGE-NET-ASSETS> 58,742,129
<PER-SHARE-NAV-BEGIN> 34.10
<PER-SHARE-NII> 0.87
<PER-SHARE-GAIN-APPREC> (0.51)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 34.46
<EXPENSE-RATIO> 1.14
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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 SEMI-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> 6-MOS
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> SEP-30-1998
<PERIOD-END> MAR-31-1999
<INVESTMENTS-AT-COST> 180,384,451
<INVESTMENTS-AT-VALUE> 185,060,587
<RECEIVABLES> 2,095,743
<ASSETS-OTHER> 3,634,164
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 190,790,494
<PAYABLE-FOR-SECURITIES> 9,016
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,349,452
<TOTAL-LIABILITIES> 4,358,468
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> (26,651,554)
<SHARES-COMMON-STOCK> 4,901,952
<SHARES-COMMON-PRIOR> 4,303,204
<ACCUMULATED-NII-CURRENT> 170,947,589
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 37,459,854
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,676,137
<NET-ASSETS> 186,432,026
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,737,957
<OTHER-INCOME> 0
<EXPENSES-NET> 667,557
<NET-INVESTMENT-INCOME> 5,070,400
<REALIZED-GAINS-CURRENT> 239,856
<APPREC-INCREASE-CURRENT> (3,785,634)
<NET-CHANGE-FROM-OPS> 1,524,622
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 984,745
<NUMBER-OF-SHARES-REDEEMED> 385,997
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 24,076,977
<ACCUMULATED-NII-PRIOR> 165,876,513
<ACCUMULATED-GAINS-PRIOR> 37,220,675
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 270,732
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 667,557
<AVERAGE-NET-ASSETS> 171,498,509
<PER-SHARE-NAV-BEGIN> 37.73
<PER-SHARE-NII> 1.02
<PER-SHARE-GAIN-APPREC> (0.72)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 38.03
<EXPENSE-RATIO> 0.78
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
