NEW ENGLAND FUNDS TRUST I
NSAR-A/A, 1995-09-27
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<PAGE>      PAGE  1
000 A000000 06/30/95
000 C000000 0000770540
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 NEW ENGLAND FUNDS TRUST I
001 B000000 811-4323
001 C000000 6172676600
002 A000000 501 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 10
007 C010100  1
007 C020100 NE BALANCED FUND
007 C030100 N
007 C010200  2
007 C020200 NE GROWTH FUND
007 C030200 N
007 C010300  3
007 C020300 NE VALUE FUND
007 C030300 N
007 C010400  4
007 C020400 NE BOND INCOME FUND
007 C030400 N
007 C010500  5
007 C020500 NE TAX EXEMPT INCOME FUND
007 C030500 N
007 C010600  6
007 C020600 NE GOVERNMENT SECURITIES FUND
007 C030600 N
007 C010700  7
007 C020700 NE GLOBAL GOVERNMENT FUND
007 C030700 Y
007 C010800  8
007 C020800 NE INTERNATIONAL EQUITY FUND
007 C030800 N
007 C010900  9
007 C020900 NE CAPITAL GROWTH FUND
007 C030900 N
007 C011000 10
007 C021000 NE STAR ADVISERS FUND
<PAGE>      PAGE  2
007 C031000 N
077 A000000 Y
077 B000000 N
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 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
062 A000100 Y
062 B000100   0.0
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   0.2
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   6.0
062 O000100   0.0
062 P000100  32.5
062 Q000100   0.0
062 R000100  60.9
071 A000100     69820
071 B000100     56077
071 C000100    233195
071 D000100   48
072 A000100  6
074 N000100   262363
074 T000100   261004
075 A000100        0
075 B000100   168730
062 A000200 N
062 B000200   0.0
062 C000200   0.0
<PAGE>      PAGE  3
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
071 A000200    974068
071 B000200   1053069
071 C000200   1031362
071 D000200  189
072 A000200  6
074 N000200  1221316
074 T000200  1159723
075 A000200        0
075 B000200  1031372
062 A000300 N
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   0.0
062 M000300   0.0
062 N000300   0.0
062 O000300   0.0
062 P000300   0.0
062 Q000300   0.0
062 R000300   0.0
071 A000300     51918
071 B000300     52890
071 C000300    221300
071 D000300   47
072 A000300  6
074 N000300   249952
074 T000300   247543
075 A000300        0
075 B000300   193504
<PAGE>      PAGE  4
062 A000400 Y
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   9.9
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400   0.0
062 N000400  17.9
062 O000400   0.0
062 P000400  60.3
062 Q000400  10.3
062 R000400   0.0
071 A000400     97738
071 B000400     86087
071 C000400    168195
071 D000400  102
072 A000400  6
074 N000400   208162
074 T000400   207390
075 A000400        0
075 B000400   187441
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   1.7
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
062 M000500   0.0
062 N000500   0.0
062 O000500  95.7
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
071 A000500    156917
071 B000500    162223
071 C000500    198392
071 D000500  158
072 A000500  6
074 N000500   206248
<PAGE>      PAGE  5
074 T000500   204421
075 A000500        0
075 B000500   192309
062 A000600 Y
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   0.2
062 J000600   0.0
062 K000600   0.2
062 L000600   0.0
062 M000600   0.0
062 N000600  98.0
062 O000600   0.0
062 P000600   0.0
062 Q000600   0.0
062 R000600   0.0
071 A000600    579632
071 B000600    597996
071 C000600    152929
071 D000600  758
072 A000600  6
074 N000600   157858
074 T000600   157122
075 A000600        0
075 B000600   147561
062 A000700 Y
062 B000700   0.0
062 C000700   0.0
062 D000700   0.0
062 E000700   0.0
062 F000700   0.0
062 G000700   0.0
062 H000700   0.0
062 I000700   6.8
062 J000700   0.0
062 K000700   0.0
062 L000700   0.0
062 M000700  21.1
062 N000700   8.7
062 O000700   0.0
062 P000700   0.0
062 Q000700  58.6
062 R000700   0.0
071 A000700     11280
071 B000700      8735
071 C000700     17366
<PAGE>      PAGE  6
071 D000700   50
072 A000700  6
074 N000700    18955
074 T000700    18884
075 A000700        0
075 B000700    19136
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
071 A000800    194145
071 B000800    154535
071 C000800    225032
071 D000800  137
072 A000800  6
074 N000800   260983
074 T000800   256484
075 A000800        0
075 B000800   225032
062 A000900 N
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
062 I000900   0.0
062 J000900   0.0
062 K000900   0.0
062 L000900   0.0
062 M000900   0.0
062 N000900   0.0
062 O000900   0.0
062 P000900   0.0
062 Q000900   0.0
062 R000900   0.0
<PAGE>      PAGE  7
071 A000900     39980
071 B000900     37795
071 C000900    115468
071 D000900   65
072 A000900  6
074 N000900   132689
074 T000900   131765
075 A000900        0
075 B000900   101042
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
071 A001000    269393
071 B001000    139245
071 C001000    205890
071 D001000  135
072 A001000  6
074 N001000   356465
074 T001000   342294
075 A001000        0
075 B001000   205890
062 A001100 Y
062 B001100   0.0
062 C001100   0.0
062 D001100   5.0
062 E001100   0.0
062 F001100   0.0
062 G001100   0.0
062 H001100   0.0
062 I001100   0.0
062 J001100   0.0
062 K001100   0.0
062 L001100   0.0
062 M001100   0.0
062 N001100  79.2
062 O001100   0.0
<PAGE>      PAGE  8
062 P001100   0.0
062 Q001100   0.0
062 R001100  13.1
071 A001100     39220
071 B001100       205
071 C001100     28401
071 D001100    4
072 A001100  6
074 N001100    43686
074 T001100    41912
075 A001100        0
075 B001100    28500
SIGNATURE   JOHN HOGAN                                   
TITLE       SUPERVISOR          
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 4
   <NAME> BOND INCOME-A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
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<INVESTMENTS-AT-VALUE>                       204199837
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<OTHER-ITEMS-LIABILITIES>                       771745
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                         15785699
<SHARES-COMMON-PRIOR>                         14193953
<ACCUMULATED-NII-CURRENT>                      6345461
<OVERDISTRIBUTION-NII>                               0
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<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                        6345461
<REALIZED-GAINS-CURRENT>                        891673
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<NET-CHANGE-FROM-OPS>                         23472812
<EQUALIZATION>                                       0
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<ACCUMULATED-GAINS-PRIOR>                    (3105994)
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<PER-SHARE-DIVIDEND>                                 0
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<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                   1.18
<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
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 4
   <NAME> BOND INCOME-B
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                        200676295
<INVESTMENTS-AT-VALUE>                       204199837
<RECEIVABLES>                                  3947843
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     205690346
<SHARES-COMMON-STOCK>                          1372106
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<OVERDISTRIB-NII-PRIOR>                      (3105994)
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<PER-SHARE-NAV-BEGIN>                            10.95
<PER-SHARE-NII>                                   0.36
<PER-SHARE-GAIN-APPREC>                           0.99
<PER-SHARE-DIVIDEND>                                 0
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<EXPENSE-RATIO>                                   1.93
<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
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 4
   <NAME> NE BOND INCOME-C
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                        200676295
<INVESTMENTS-AT-VALUE>                       204199837
<RECEIVABLES>                                  3947843
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<PAID-IN-CAPITAL-COMMON>                     205690346
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<SHARES-COMMON-PRIOR>                                0
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<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-SOLD>                         300916
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<NET-CHANGE-IN-ASSETS>                        25122233
<ACCUMULATED-NII-PRIOR>                       11141142
<ACCUMULATED-GAINS-PRIOR>                    (3105994)
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<PER-SHARE-GAIN-APPREC>                           0.99
<PER-SHARE-DIVIDEND>                                 0
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.97
<EXPENSE-RATIO>                                   1.93
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST-1
<SERIES>
   <NUMBER> 4
   <NAME> BOND INCOME-Y
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                        200676295
<INVESTMENTS-AT-VALUE>                       204199837
<RECEIVABLES>                                  3947843
<ASSETS-OTHER>                                   13977
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<TOTAL-ASSETS>                               208161657
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<TOTAL-LIABILITIES>                             771745
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     205690346
<SHARES-COMMON-STOCK>                           163416
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      6345461
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         891673
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       3523542
<NET-ASSETS>                                   1954736
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              7465056
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1119595
<NET-INVESTMENT-INCOME>                        6345461
<REALIZED-GAINS-CURRENT>                        891673
<APPREC-INCREASE-CURRENT>                     16235678
<NET-CHANGE-FROM-OPS>                         23472812
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        43911
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1813804
<NUMBER-OF-SHARES-REDEEMED>                      22037
<SHARES-REINVESTED>                              43910
<NET-CHANGE-IN-ASSETS>                        25122233
<ACCUMULATED-NII-PRIOR>                       11141142
<ACCUMULATED-GAINS-PRIOR>                    (3105994)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           402948
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1119595
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<PER-SHARE-NAV-BEGIN>                            10.95
<PER-SHARE-NII>                                   0.37
<PER-SHARE-GAIN-APPREC>                           1.01
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         0.37
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.96
<EXPENSE-RATIO>                                   0.93
<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
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 11
   <NAME> STRATEG INC-A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
<INVESTMENTS-AT-COST>                         41127890
<INVESTMENTS-AT-VALUE>                        40793512
<RECEIVABLES>                                  2722745
<ASSETS-OTHER>                                  103036
<OTHER-ITEMS-ASSETS>                             66783
<TOTAL-ASSETS>                                43686076
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<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       150344
<TOTAL-LIABILITIES>                            1733740
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      42293592
<SHARES-COMMON-STOCK>                          1366907
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       245427
<OVERDISTRIBUTION-NII>                         (54115)
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 11
   <NAME> STRATEGIC INCOME-B
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 11
   <NAME> STRATEGIC-C
       
<S>                             <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 1
   <NAME> NE BALANCED-A
       
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NEW ENGLAND TRUST 1
<SERIES>
   <NUMBER> 1
   <NAME> NEBALANCEDB
       
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NEW ENGLAND TRUST 1
<SERIES>
   <NUMBER> 1
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NEW ENGLAND TRUST 1
<SERIES>
   <NUMBER> 1
   <NAME> NE BALANCEDY
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NEW ENGLAND TRUST 1
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 6
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 6
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 6
   <NAME> GOV SEC-Y
       
<S>                             <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 5
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
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   <NUMBER> 5
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 3
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 3
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
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   <NUMBER> 3
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<TABLE> <S> <C>

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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 10
   <NAME> STAR ADVISORS-A
       
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 10
   <NAME> STAR ADVISORS-B
       
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 10
   <NAME> STAR ADVISORS-C
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 10
   <NAME> STAR ADVISORS-Y
       
<S>                             <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NEW ENLAND TRUST 1
<SERIES>
   <NUMBER> 9
   <NAME> CAP GROWTH-A
       
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NEW ENGLAND TRUST 1
<SERIES>
   <NUMBER> 9
   <NAME> CAP GROWTH-B
       
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000770540
<NAME> NEW ENGLAND TRUST 1
<SERIES>
   <NUMBER> 9
   <NAME> CAPGROWTH-C
       
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
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   <NUMBER> 8
   <NAME> INT'L EQUITY-A
       
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 8
   <NAME> NE INT'L EQU-B
       
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000770540
<NAME> NE TRUST 1
<SERIES>
   <NUMBER> 8
   <NAME> INT'Y EQUITY-C
       
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<TABLE> <S> <C>

<ARTICLE> 6
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<NAME> NE TRUST 1
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   <NAME> NE INT'L EQU-Y
       
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