<PAGE> PAGE 1
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<PAGE> PAGE 2
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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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<PAGE> PAGE 13
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<PAGE> PAGE 14
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008 A000301 STEIN ROE & FARNHAM INCORPORATED
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<PAGE> PAGE 15
008 C000301 801-27653
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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015 A000337 CITIBANK, N.A.
015 B000337 S
015 C010337 LIMA
015 D010337 PERU
015 E010337 X
015 A000338 CITIBANK MEXICO, S.A.
015 B000338 S
015 C010338 MEXICO CITY
015 D010338 MEXICO
015 E040338 X
015 A000339 DELETE
015 A000340 CITITRUST COLUMBIA S.A.SOCIEDAD FIDUCIARA
015 B000340 S
015 C010340 BOGOTA
015 D010340 COLUMBIA
015 E040340 X
015 A000341 DREDSNER BANK AG
015 B000341 S
015 C010341 FRANKFURT
015 D010341 GERMANY
015 D020341 6000
015 E040341 X
015 A000342 NATIONAL BANK OF GREECE S.A.
015 B000342 S
015 C010342 ATHENS
015 D010342 GREECE
015 D020342 105.64
<PAGE> PAGE 20
015 E040342 X
015 A000343 NATIONAL BANK OF EGYPT
015 B000343 S
015 C010343 CAIRO
015 D010343 EGYPT
015 E040343 X
015 A000344 CITIBANK, N.A.
015 B000344 S
015 C010344 SAO PAULO
015 D010344 BRAZIL
015 D020344 01311
015 E010344 X
015 A000345 CITIBANK BUDAPEST RT.
015 B000345 S
015 C010345 BUDAPEST
015 D010345 HUNGARY
015 E040345 X
015 A000346 DEUTSCHE BANK AG
015 B000346 S
015 C010346 KARACHI
015 D010346 PAKISTAN
015 D020346 74000
015 E040346 X
015 A000347 CREDIT SUISSE-ZURICH VIA CREDIT SUISSE MOSCOW
015 B000347 S
015 C010347 MOSCOW
015 D010347 RUSSIA
015 E040347 X
024 000300 Y
025 A000301 ASSOCIATES CORP OF N.A.
025 B000301 11-1494554
025 C000301 D
025 D000301 21254
025 A000302 DELETE
025 D000302 0
025 A000303 CS FIRST BOSTON CORP.
025 B000303 13-5659485
025 C000303 D
025 D000303 377
025 A000304 SALOMON SMITH BARNEY
025 B000304 13-3082694
025 C000304 D
025 D000304 2078
025 A000305 MERRILL LYNCH
025 B000305 13-5674085
025 C000305 D
025 D000305 15569
025 A000306 LEHMAN BROTHERS
025 B000306 13-2518466
025 C000306 D
025 D000306 17491
<PAGE> PAGE 21
025 A000307 PAINEWEBBER
025 B000307 13-2638166
025 C000307 D
025 D000307 5989
025 D000308 0
025 D000309 0
025 D000310 0
025 D000311 0
025 D000312 0
025 D000313 0
025 D000314 0
025 D000315 0
025 D000316 0
028 A010300 12647
028 A020300 1591
028 A030300 0
028 A040300 26229
028 B010300 16990
028 B020300 1591
028 B030300 0
028 B040300 11766
028 C010300 31815
028 C020300 1619
028 C030300 0
028 C040300 10702
028 D010300 15491
028 D020300 1495
028 D030300 0
028 D040300 14889
028 E010300 13918
028 E020300 1600
028 E030300 0
028 E040300 10798
028 F010300 12772
028 F020300 2207
028 F030300 0
028 F040300 17497
028 G010300 103633
028 G020300 10103
028 G030300 0
028 G040300 91881
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.350
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
<PAGE> PAGE 22
048 C020300 0.000
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 0
048 K020300 0.000
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 N
054 A000300 Y
054 B000300 Y
054 C000300 N
054 D000300 N
054 E000300 N
054 F000300 N
054 G000300 N
054 H000300 Y
054 I000300 N
054 J000300 Y
054 K000300 N
054 L000300 N
054 M000300 Y
054 N000300 N
054 O000300 Y
055 A000300 N
055 B000300 N
056 000300 Y
057 000300 N
062 A000300 Y
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 2.3
062 J000300 0.0
<PAGE> PAGE 23
062 K000300 0.0
062 L000300 0.0
062 M000300 1.7
062 N000300 7.9
062 O000300 0.0
062 P000300 83.5
062 Q000300 3.2
062 R000300 0.8
063 A000300 0
063 B000300 11.7
064 A000300 N
064 B000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 Y
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
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 Y
070 R020300 N
071 A000300 501969
071 B000300 467701
071 C000300 435035
<PAGE> PAGE 24
071 D000300 108
072 A000300 6
072 B000300 15874
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 0
072 G000300 335
072 H000300 0
072 I000300 313
072 J000300 0
072 K000300 10
072 L000300 24
072 M000300 1
072 N000300 19
072 O000300 0
072 P000300 0
072 Q000300 18
072 R000300 0
072 S000300 3
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 947
072 X000300 1670
072 Y000300 0
072 Z000300 14204
072AA000300 577
072BB000300 0
072CC010300 0
072CC020300 4431
072DD010300 14204
072DD020300 0
072EE000300 0
073 A010300 0.2844
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 25
074 B000300 0
074 C000300 0
074 D000300 0
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 457418
074 J000300 0
074 K000300 0
074 L000300 337
074 M000300 59
<PAGE> PAGE 25
074 N000300 457839
074 O000300 0
074 P000300 115
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 2267
074 S000300 0
074 T000300 455457
074 U010300 51214
074 U020300 0
074 V010300 8.89
074 V020300 0.00
074 W000300 0.0000
074 X000300 6346
074 Y000300 0
075 A000300 0
075 B000300 443581
076 000300 0.00
008 A000401 STEIN ROE & FARNHAM INCORPORATED
008 B000401 A
008 C000401 801-27653
008 D010401 CHICAGO
008 D020401 IL
008 D030401 60606
008 D040401 4685
010 A000401 STEIN ROE & FARNHAM INC.
010 B000401 801-27653
010 C010401 CHICAGO
010 C020401 IL
010 C030401 60606
010 C040401 4685
012 A000401 STEINROE SERVICES INC.
012 B000401 84-00406
012 C010401 CHICAGO
012 C020401 IL
012 C030401 60606
012 C040401 4685
012 A000402 LIBERTY FUND SERVICES, INC.
012 B000402 84-1329
012 C010402 BOSTON
012 C020402 MA
012 C030402 02111
015 A000401 STATE STREET BANK AND TRUST CO.
015 B000401 C
015 C010401 BOSTON
015 C020401 MA
015 C030401 02105
015 E010401 X
015 A000402 MERITA BANK LIMITED
<PAGE> PAGE 26
015 B000402 S
015 C010402 HELSINKI
015 D010402 FINLAND
015 E040402 X
015 A000403 CITIBANK, N.A.
015 B000403 S
015 C010403 BUENOS AIRES
015 D010403 ARGENTINA
015 D020403 1036
015 E010403 X
015 A000404 WESTPAC BANKING CORPORATION
015 B000404 S
015 C010404 SIDNEY
015 D010404 AUSTRALIA
015 D020404 2001
015 E040404 X
015 A000405 GIROCREDIT BANK AKTIENGELLESCHAFT DER SPARKAS
015 B000405 S
015 C010405 VIENNA
015 D010405 AUSTRIA
015 D020405 A-1011
015 E040405 X
015 A000406 GENERALE BANK
015 B000406 S
015 C010406 BRUSSELS
015 D010406 BELGIUM
015 D020406 1000
015 E040406 X
015 A000407 CANADA TRUSTCO MORTGAGE COMPANY
015 B000407 S
015 C010407 TORONTO
015 D010407 CANADA
015 D020407 M5H 2P6
015 E040407 X
015 A000408 DEN DANSKE BANK
015 B000408 S
015 C010408 COPENHAGEN
015 D010408 DENMARK
015 D020408 DK-1092
015 E040408 X
015 A000409 BANK HAPOALIM B.M.
015 B000409 S
015 C010409 TEL AVIV
015 D010409 ISRAEL
015 E040409 X
015 A000410 BANQUE PARIBAS
015 B000410 S
015 C010410 PARIS
015 D010410 FRANCE
015 D020410 75078
015 E040410 X
<PAGE> PAGE 27
015 A000411 BANK OF IRELAND
015 B000411 S
015 C010411 DUBLIN
015 D010411 IRELAND
015 D020411 1
015 E040411 X
015 A000412 STANDARD CHARTERED BANK
015 B000412 S
015 C010412 HONG KONG
015 D010412 HONG KONG
015 E040412 X
015 A000413 STANDARD CHARTERED BANK
015 B000413 S
015 C010413 JAKARTA
015 D010413 INDONESIA
015 D020413 10350
015 E040413 X
015 A000414 MORGAN GUARANTY TRUST COMPANY
015 B000414 S
015 C010414 MILAN
015 D010414 ITALY
015 D020414 20121
015 E010414 X
015 A000415 SUMITOMO TRUST & BANKING CO., LTD.
015 B000415 S
015 C010415 TOKYO
015 D010415 JAPAN
015 D020415 104
015 E040415 X
015 A000416 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B000416 S
015 C010416 KUALA LUMPUR
015 D010416 MALAYSIA
015 D020416 50372
015 E040416 X
015 A000417 HONKONG AND SHANGHAI BANKING CORPORATION LTD
015 B000417 S
015 C010417 BOMBAY
015 D010417 INDIA
015 E040417 X
015 A000418 MEES PIERSON, N.V.
015 B000418 S
015 C010418 AMSTERDAM
015 D010418 THE NETHERLANDS
015 D020418 1000 AG
015 E040418 X
015 A000419 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B000419 S
015 C010419 WELLINGTON
015 D010419 NEW ZEALAND
015 E040419 X
<PAGE> PAGE 28
015 A000420 CHRISTIANIA BANK OG KREDITKASSE
015 B000420 S
015 C010420 OSLO
015 D010420 NORWAY
015 D020420 1
015 E040420 X
015 A000421 THE DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000421 S
015 C010421 SINGAPORE
015 D010421 SINGAPORE
015 D020421 0106
015 E040421 X
015 A000422 BANCO SANTANDER, S.A.
015 B000422 S
015 C010422 MADRID
015 D010422 SPAIN
015 D020422 28046
015 E040422 X
015 A000423 SKANDINAVISKA ENSKILDA BANKEN
015 B000423 S
015 C010423 SWEDEN
015 D010423 SWEDEN
015 D020423 S-10640
015 E040423 X
015 A000424 UNION BANK OF SWITZERLAND
015 B000424 S
015 C010424 ZURICH
015 D010424 SWITZERLAND
015 D020424 CH-8001
015 E040424 X
015 A000425 CENTRAL TRUST OF CHINA
015 B000425 S
015 C010425 TAIPEI
015 D010425 TAIWAN
015 D020425 10006
015 E040425 X
015 A000426 STANDARD CHARTERED BANK
015 B000426 S
015 C010426 BANGKOK
015 D010426 THAILAND
015 D020426 10501
015 E040426 X
015 A000427 STATE STREET BANK & TRUST COMPANY, LONDON
015 B000427 S
015 C010427 LONDON
015 D010427 UNITED KINGDOM
015 D020427 EC4N 7BN
015 E040427 X
015 A000428 STANDARD CHARTERED BANK
015 B000428 S
015 C010428 MANILA
<PAGE> PAGE 29
015 D010428 PHILIPINES
015 E040428 X
015 A000429 BARCLAYS BANK OF GHANA LIMITED
015 B000429 S
015 C010429 ACCRA
015 D010429 GHANA
015 E040429 X
015 A000430 HONGKONG & SHANGHAI BANKING CORPORATION LTD.
015 B000430 S
015 C010430 SHANGHAI/SHENZHEN
015 D010430 CHINA
015 E040430 X
015 A000431 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B000431 S
015 C010431 PRAGUE
015 D010431 CZECH REPUBLIC
015 D020431 11520
015 E040431 X
015 A000433 SEOULBANK
015 B000433 S
015 C010433 SEOUL
015 D010433 KOREA
015 E040433 X
015 A000434 CITIBANK POLAND S.A.
015 B000434 S
015 C010434 WARSAW
015 D010434 POLAND
015 E040434 X
015 A000435 BANCO COMERCIAL PORTUGUES
015 B000435 S
015 C010435 LISBON
015 D010435 PORTUGAL
015 D020435 1100
015 E040435 X
015 A000436 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000436 S
015 C010436 JOHANNESBURG
015 D010436 SOUTH AFRICA
015 D020436 2001
015 E040436 X
015 A000437 CITIBANK, N.A.
015 B000437 S
015 C010437 LIMA
015 D010437 PERU
015 E010437 X
015 A000438 CITIBANK MEXICO, S.A.
015 B000438 S
015 C010438 MEXICO CITY
015 D010438 MEXICO
015 E010438 X
015 A000439 CITIBANK, N.A.
<PAGE> PAGE 30
015 B000439 S
015 C010439 ISTANBUL
015 D010439 TURKEY
015 D020439 80200
015 E010439 X
015 A000440 CITITRUST COLUMBIA S.A. SOCIEDAD FIDUCIARIA
015 B000440 S
015 C010440 BOGOTA
015 D010440 COLUMBIA
015 E010440 X
015 A000441 DREDSNER BANK AG
015 B000441 S
015 C010441 FRANKFURT
015 D010441 GERMANY
015 D020441 6000
015 E040441 X
015 A000442 NATIONAL BANK OF GREECE S.A.
015 B000442 S
015 C010442 ATHENS
015 D010442 GREECE
015 D020442 105.64
015 E040442 X
015 A000443 NATIONAL BANK OF EGYPT
015 B000443 S
015 C010443 CAIRO
015 D010443 EGYPT
015 E040443 X
015 A000444 CITIBANK, N.A.
015 B000444 S
015 C010444 SAO PAULO
015 D010444 BRAZIL
015 D020444 01311
015 E010444 X
015 A000445 CITIBANK BUDAPEST RT
015 B000445 S
015 C010445 BUDAPEST
015 D010445 HUNGARY
015 E010445 X
015 A000446 DEUTSCHE BANK AG
015 B000446 S
015 C010446 KARACHI
015 D010446 PAKISTAN
015 D020446 74000
015 E040446 X
024 000400 Y
025 A000401 ASSOCIATES CORP OF N.A.
025 B000401 11-1494554
025 C000401 D
025 D000401 11995
025 A000402 DELETE
025 D000402 0
<PAGE> PAGE 31
025 A000403 DELETE
025 D000403 0
025 A000404 DELETE
025 D000404 0
025 A000405 DELETE
025 D000405 0
025 A000406 DELETE
025 D000406 0
025 A000407 DELETE
025 D000407 0
025 D000408 0
028 A010400 108526
028 A020400 1606
028 A030400 0
028 A040400 104641
028 B010400 68755
028 B020400 1835
028 B030400 0
028 B040400 64154
028 C010400 81070
028 C020400 1853
028 C030400 0
028 C040400 100504
028 D010400 65680
028 D020400 1619
028 D030400 0
028 D040400 75012
028 E010400 115077
028 E020400 1683
028 E030400 0
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028 F010400 147119
028 F020400 2301
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028 F040400 146361
028 G010400 586227
028 G020400 10897
028 G030400 0
028 G040400 591861
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.000
048 A010400 500000
048 A020400 0.250
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
<PAGE> PAGE 32
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
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048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 500000
048 K020400 0.225
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 N
054 A000400 Y
054 B000400 Y
054 C000400 N
054 D000400 N
054 E000400 N
054 F000400 N
054 G000400 N
054 H000400 Y
054 I000400 N
054 J000400 Y
054 K000400 N
054 L000400 N
054 M000400 Y
054 N000400 N
054 O000400 Y
055 A000400 Y
055 B000400 N
056 000400 Y
057 000400 N
062 A000400 Y
062 B000400 0.0
062 C000400 1.1
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062 E000400 0.0
062 F000400 4.1
062 G000400 0.0
062 H000400 0.0
062 I000400 93.3
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062 L000400 1.1
<PAGE> PAGE 33
062 M000400 0.0
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062 R000400 0.0
063 A000400 28
063 B000400 0.0
064 A000400 Y
064 B000400 N
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 N
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 Y
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
072 A000400 6
<PAGE> PAGE 34
072 B000400 13975
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072 G000400 629
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072 K000400 36
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072DD010400 12165
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074 A000400 50
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<PAGE> PAGE 35
074 P000400 174
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075 A000400 500077
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076 000400 0.00
012 A000501 STEINROE SERVICES INC.
012 B000501 84-00406
012 C010501 CHICAGO
012 C020501 IL
012 C030501 60606
012 C040501 4685
012 A000502 COLONIAL INVESTORS SERVICE CENTER, INC
012 B000502 84-1329
012 C010502 BOSTON
012 C020502 MA
012 C030502 02111
015 A000501 STATE STREET BANK AND TRUST CO.
015 B000501 C
015 C010501 BOSTON
015 C020501 MA
015 C030501 02105
015 E010501 X
024 000500 N
028 A010500 27214
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<PAGE> PAGE 36
028 D040500 4846
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045 000500 Y
046 000500 N
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048 D020500 0.000
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048 E020500 0.000
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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 Y
053 B000500 Y
053 C000500 N
054 A000500 Y
054 B000500 Y
054 C000500 N
054 D000500 N
<PAGE> PAGE 37
054 E000500 N
054 F000500 N
054 G000500 N
054 H000500 Y
054 I000500 N
054 J000500 Y
054 K000500 N
054 L000500 N
054 M000500 Y
054 N000500 N
054 O000500 Y
055 A000500 N
055 B000500 N
056 000500 Y
057 000500 N
062 A000500 Y
062 B000500 0.0
062 C000500 50.6
062 D000500 48.8
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
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062 J000500 0.0
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063 A000500 31
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070 A010500 Y
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
015 A000644 DELETE
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
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 N
070 M010600 Y
070 M020600 N
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070 O020600 N
070 P010600 N
070 P020600 N
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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015 A000701 STATE STREET BANK & TRUST COMPANY
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<PAGE> PAGE 46
015 B000702 S
015 C010702 BUENOS AIRES
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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SIGNATURE TOM BUTCH
TITLE PRESIDENT
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<NAME> STEIN ROE INCOME FUND
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<TABLE> <S> <C>
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<SERIES>
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<NAME> STEIN ROE INTERMEDIATE BOND FUND
<S> <C>
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<FISCAL-YEAR-END> JUN-30-1999
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
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<NAME> STEIN ROE CASH RESERVES FUND
<S> <C>
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<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-END> DEC-31-1998
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
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<NAME> STEIN ROE HIGH YIELD FUND
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<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-END> DEC-31-1998
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