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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 15
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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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SIGNATURE DAVID F. HILL
TITLE PRESIDENT
<TABLE> <S> <C>
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<CIK> 0000795892
<NAME> SAFECO RESOURCE SERIES TRUST
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<NAME> SAFECO RST EQUITY PORTFOLIO
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