<PAGE> PAGE 1
000 A000000 06/30/99
000 C000000 795892
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 SAFECO RESOURCE SERIES TRUST
001 B000000 811-4717
001 C000000 4253768225
002 A000000 10865 WILLOWS ROAD NE E-2
002 B000000 REDMOND
002 C000000 WA
002 D010000 98052
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 6
007 C010100 1
007 C020100 SAFECO RESOURCE SERIES TRUST-EQUITY PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 SAFECO RESOURCE SERIES TRUST-BOND PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 SAFECO RESOURCE SERIES TRUST-MONEY MKT PORT
007 C030300 N
007 C010400 4
007 C020400 SAFECO RESOURCE SERIES TRUST-GROWTH PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 SAFECO RESOURCE SERIES TRUST-NORTHWEST PORT
007 C030500 N
007 C010600 6
007 C020600 SAFECO RESOURCE SERIES TRUST-SMALL CO PORT
007 C030600 N
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 SAFECO ASSET MANAGEMENT COMPANY
008 B00AA01 A
008 C00AA01 801-8254
008 D01AA01 SEATTLE
008 D02AA01 WA
008 D03AA01 98185
011 A00AA01 PNMR SECURITIES
<PAGE> PAGE 2
011 B00AA01 8-37112
011 C01AA01 SEATTLE
011 C02AA01 WA
011 C03AA01 98185
012 A00AA01 SAFECO SERVICES CORP.
012 B00AA01 84-00138
012 C01AA01 REDMOND
012 C02AA01 WA
012 C03AA01 98052
013 A00AA01 ERNST & YOUNG,LLP
013 B01AA01 SEATTLE
013 B02AA01 WA
013 B03AA01 98104
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02105
015 C04AA01 1713
015 E01AA01 X
015 A00AA02 DELETE
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 25
019 C00AA00 SAFECOFUND
020 A000001 WASSERSTEIN PERELLA SECURITIES, INC.
020 B000001 13-3502273
020 C000001 29
020 A000002 INSTINET CORPORATION
020 B000002 13-3443395
020 C000002 29
020 A000003 MORGAN STANLEY & CO., INC.
020 B000003 13-2655998
020 C000003 24
020 A000004 CREDIT SUISSE FIRST BOSTON CORP.
020 B000004 13-5659485
020 C000004 17
020 A000005 PAINEWEBBER INC.
020 B000005 13-2638166
020 C000005 15
020 A000006 SALOMON SMITH BARNEY
020 B000006 13-3082694
020 C000006 15
020 A000007 JANNEY MONTGOMERY SCOTT, INC.
020 B000007 23-0731260
020 C000007 14
020 A000008 BERNSTEIN (SANFORD C.) & CO., INC.
020 B000008 13-2625874
020 C000008 13
020 A000009 STEPHENS, INC.
020 B000009 71-0211822
<PAGE> PAGE 3
020 C000009 13
020 A000010 SUNTRUST SECURITIES
020 B000010 58-1575035
020 C000010 12
021 000000 450
022 A000001 SSGA PRIME MONEY MARKET PORTFOLIO
022 B000001 91-1627438
022 C000001 243130
022 D000001 268493
022 A000002 ASSOCIATES CORP. OF NORTH AMERICA
022 B000002 74-1494554
022 C000002 192065
022 D000002 0
022 A000003 LEHMAN BROTHERS, INC.
022 B000003 13-5659455
022 C000003 144539
022 D000003 5117
022 A000004 CREDIT SUISSE FIRST BOSTON CORP.
022 B000004 15-5659485
022 C000004 131146
022 D000004 2335
022 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000005 13-5674085
022 C000005 103289
022 D000005 1025
022 A000006 GOLDMAN, SACHS & CO.
022 B000006 13-5108880
022 C000006 94348
022 D000006 5931
022 A000007 ASSOCIATES FIRST CAPITAL CORP.
022 B000007 06-0876639
022 C000007 80435
022 D000007 0
022 A000008 SSGA U.S. TREASURY MONEY MARKET PORTFOLIO
022 B000008 91-1618599
022 C000008 30738
022 D000008 30171
022 A000009 HSBC SECURITIES, INC.
022 B000009 13-2650272
022 C000009 14255
022 D000009 13169
022 A000010 NATIONSBANC MONTGOMERY
022 B000010 95-4035346
022 C000010 8413
022 D000010 4532
023 C000000 1154279
023 D000000 399189
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
<PAGE> PAGE 4
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 Y
054 F00AA00 Y
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
<PAGE> PAGE 5
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 Y
056 00AA00 Y
057 00AA00 Y
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 30
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 N
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 Y
070 K01AA00 Y
070 K02AA00 Y
070 L01AA00 Y
070 L02AA00 Y
070 M01AA00 N
070 M02AA00 N
070 N01AA00 N
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 Y
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
077 A000000 N
078 000000 N
086 A010000 0
<PAGE> PAGE 6
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
024 000100 N
025 D000101 0
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 24134
028 A020100 0
028 A030100 0
028 A040100 12520
028 B010100 21581
028 B020100 0
028 B030100 0
028 B040100 13064
028 C010100 28743
028 C020100 0
028 C030100 0
028 C040100 14444
028 D010100 27698
028 D020100 0
028 D030100 0
028 D040100 23255
028 E010100 18021
028 E020100 0
028 E030100 0
028 E040100 13079
028 F010100 14953
028 F020100 0
028 F030100 0
028 F040100 13598
028 G010100 135130
028 G020100 0
028 G030100 0
028 G040100 89960
028 H000100 0
045 000100 Y
046 000100 N
<PAGE> PAGE 7
047 000100 Y
048 000100 0.740
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
062 A000100 N
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 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 Y
066 F000100 N
066 G000100 N
<PAGE> PAGE 8
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
071 A000100 144408
071 B000100 90307
071 C000100 590992
071 D000100 31
072 A000100 6
072 B000100 477
072 C000100 4483
072 D000100 0
072 E000100 0
072 F000100 2214
072 G000100 0
072 H000100 0
072 I000100 0
072 J000100 16
072 K000100 0
072 L000100 0
072 M000100 4
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 12
072 S000100 0
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 30
072 X000100 2276
072 Y000100 0
072 Z000100 2684
072AA000100 20036
072BB000100 0
072CC010100 203608
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 646040
<PAGE> PAGE 9
074 G000100 0
074 H000100 0
074 I000100 16085
074 J000100 0
074 K000100 0
074 L000100 670
074 M000100 0
074 N000100 662795
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 439
074 S000100 0
074 T000100 662356
074 U010100 20063
074 U020100 0
074 V010100 33.01
074 V020100 0.00
074 W000100 0.0000
074 X000100 7
074 Y000100 0
075 A000100 0
075 B000100 612861
076 000100 0.00
080 C000100 0
081 A000100 N
081 B000100 0
082 A000100 N
082 B000100 0
083 A000100 N
083 B000100 0
084 A000100 N
084 B000100 0
085 A000100 Y
085 B000100 N
024 000200 Y
025 A000201 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
025 B000201 13-5674085
025 C000201 D
025 D000201 309
025 A000202 DELETE
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
<PAGE> PAGE 10
028 A010200 993
028 A020200 0
028 A030200 0
028 A040200 686
028 B010200 1101
028 B020200 0
028 B030200 0
028 B040200 866
028 C010200 1391
028 C020200 0
028 C030200 0
028 C040200 669
028 D010200 992
028 D020200 0
028 D030200 0
028 D040200 593
028 E010200 610
028 E020200 0
028 E030200 0
028 E040200 693
028 F010200 540
028 F020200 0
028 F030200 0
028 F040200 622
028 G010200 5627
028 G020200 0
028 G030200 0
028 G040200 4129
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.740
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
<PAGE> PAGE 11
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
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 3.6
062 M000200 47.7
062 N000200 3.2
062 O000200 0.0
062 P000200 27.6
062 Q000200 17.9
062 R000200 0.0
063 A000200 0
063 B000200 11.5
064 A000200 N
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
071 A000200 33287
071 B000200 31815
071 C000200 29276
071 D000200 223
072 A000200 6
072 B000200 911
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 110
072 G000200 0
072 H000200 0
072 I000200 0
072 J000200 3
072 K000200 0
072 L000200 0
072 M000200 3
072 N000200 0
072 O000200 0
072 P000200 0
<PAGE> PAGE 12
072 Q000200 0
072 R000200 9
072 S000200 0
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 7
072 X000200 132
072 Y000200 0
072 Z000200 779
072AA000200 0
072BB000200 712
072CC010200 0
072CC020200 952
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 0
074 D000200 29040
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 1074
074 J000200 0
074 K000200 0
074 L000200 356
074 M000200 0
074 N000200 30470
074 O000200 0
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 27
074 S000200 0
074 T000200 30443
074 U010200 2772
074 U020200 0
074 V010200 10.98
074 V020200 0.00
074 W000200 0.0000
074 X000200 2
074 Y000200 0
<PAGE> PAGE 13
075 A000200 0
075 B000200 30542
076 000200 0.00
080 C000200 0
081 A000200 N
081 B000200 0
082 A000200 N
082 B000200 0
083 A000200 N
083 B000200 0
084 A000200 N
084 B000200 0
085 A000200 Y
085 B000200 N
024 000300 Y
025 A000301 GOLDMAN, SACHS GROUP, L.P.
025 B000301 13-5108880
025 C000301 D
025 D000301 1500
025 A000302 LEHMAN BROTHERS, INC.
025 B000302 13-5659455
025 C000302 D
025 D000302 1335
025 A000303 MORGAN STANLEY, DEAN WITTER CO.
025 B000303 13-2655998
025 C000303 D
025 D000303 900
025 A000304 CREDIT SUISSE FIRST BOSTON CORP.
025 B000304 15-5659485
025 C000304 D
025 D000304 1000
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 9214
028 A020300 107
028 A030300 0
028 A040300 5889
028 B010300 6417
028 B020300 102
028 B030300 0
028 B040300 10283
028 C010300 9270
028 C020300 111
028 C030300 0
028 C040300 6437
028 D010300 6198
028 D020300 91
028 D030300 0
028 D040300 8189
<PAGE> PAGE 14
028 E010300 3182
028 E020300 99
028 E030300 0
028 E040300 5517
028 F010300 4911
028 F020300 101
028 F030300 0
028 F040300 4231
028 G010300 39192
028 G020300 611
028 G030300 0
028 G040300 40546
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.650
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
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
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 53.6
062 J000300 0.0
062 K000300 0.0
062 L000300 46.4
<PAGE> PAGE 15
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 68
063 B000300 0.0
064 A000300 Y
064 B000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
071 A000300 0
071 B000300 0
071 C000300 0
071 D000300 0
072 A000300 6
072 B000300 710
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 90
072 G000300 0
072 H000300 0
072 I000300 0
072 J000300 3
072 K000300 0
072 L000300 0
072 M000300 3
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 9
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 5
072 X000300 110
072 Y000300 0
072 Z000300 600
072AA000300 0
072BB000300 0
072CC010300 0
072CC020300 0
072DD010300 600
072DD020300 0
<PAGE> PAGE 16
072EE000300 0
073 A010300 0.0177
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 0
074 D000300 0
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 26718
074 J000300 0
074 K000300 0
074 L000300 302
074 M000300 0
074 N000300 27020
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 135
074 S000300 0
074 T000300 26885
074 U010300 26885
074 U020300 0
074 V010300 1.00
074 V020300 0.00
074 W000300 1.0000
074 X000300 2
074 Y000300 0
075 A000300 28360
075 B000300 0
076 000300 0.00
080 C000300 0
081 A000300 N
081 B000300 0
082 A000300 N
082 B000300 0
083 A000300 N
083 B000300 0
084 A000300 N
084 B000300 0
085 A000300 Y
085 B000300 N
024 000400 N
025 D000401 0
<PAGE> PAGE 17
025 D000402 0
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 15208
028 A020400 0
028 A030400 0
028 A040400 11632
028 B010400 12445
028 B020400 0
028 B030400 0
028 B040400 10684
028 C010400 11453
028 C020400 0
028 C030400 0
028 C040400 21021
028 D010400 11971
028 D020400 0
028 D030400 0
028 D040400 17167
028 E010400 11162
028 E020400 0
028 E030400 0
028 E040400 11671
028 F010400 11718
028 F020400 0
028 F030400 0
028 F040400 9357
028 G010400 73957
028 G020400 0
028 G030400 0
028 G040400 81532
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.740
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
<PAGE> PAGE 18
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
062 A000400 N
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 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 0.0
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 Y
066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
071 A000400 85805
071 B000400 94704
071 C000400 331577
071 D000400 53
072 A000400 6
072 B000400 19
072 C000400 504
072 D000400 0
072 E000400 0
<PAGE> PAGE 19
072 F000400 1184
072 G000400 0
072 H000400 0
072 I000400 0
072 J000400 13
072 K000400 0
072 L000400 0
072 M000400 3
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 11
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 39
072 X000400 1250
072 Y000400 0
072 Z000400 -727
072AA000400 13643
072BB000400 0
072CC010400 0
072CC020400 29517
072DD010400 0
072DD020400 0
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 0
074 E000400 0
074 F000400 329214
074 G000400 0
074 H000400 0
074 I000400 211
074 J000400 1399
074 K000400 0
074 L000400 173
074 M000400 0
074 N000400 330997
074 O000400 943
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
<PAGE> PAGE 20
074 R030400 0
074 R040400 233
074 S000400 0
074 T000400 329821
074 U010400 16293
074 U020400 0
074 V010400 20.24
074 V020400 0.00
074 W000400 0.0000
074 X000400 7
074 Y000400 0
075 A000400 0
075 B000400 327953
076 000400 0.00
080 C000400 0
081 A000400 N
081 B000400 0
082 A000400 N
082 B000400 0
083 A000400 N
083 B000400 0
084 A000400 N
084 B000400 0
085 A000400 Y
085 B000400 N
024 000500 N
025 D000501 0
025 D000502 0
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 508
028 A020500 0
028 A030500 0
028 A040500 498
028 B010500 364
028 B020500 0
028 B030500 0
028 B040500 432
028 C010500 422
028 C020500 0
028 C030500 0
028 C040500 881
028 D010500 577
028 D020500 0
028 D030500 0
028 D040500 563
028 E010500 507
<PAGE> PAGE 21
028 E020500 0
028 E030500 0
028 E040500 559
028 F010500 1454
028 F020500 0
028 F030500 0
028 F040500 319
028 G010500 3832
028 G020500 0
028 G030500 0
028 G040500 3252
028 H000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.740
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
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
062 A000500 N
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 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
<PAGE> PAGE 22
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 0.0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 Y
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
071 A000500 7921
071 B000500 7683
071 C000500 25696
071 D000500 61
072 A000500 6
072 B000500 12
072 C000500 70
072 D000500 0
072 E000500 0
072 F000500 92
072 G000500 0
072 H000500 0
072 I000500 0
072 J000500 2
072 K000500 0
072 L000500 0
072 M000500 3
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 9
072 S000500 0
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 7
072 X000500 113
072 Y000500 0
072 Z000500 -31
072AA000500 2732
072BB000500 0
072CC010500 6910
<PAGE> PAGE 23
072CC020500 0
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 0
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 29249
074 G000500 0
074 H000500 0
074 I000500 349
074 J000500 280
074 K000500 0
074 L000500 9
074 M000500 0
074 N000500 29887
074 O000500 7
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 45
074 S000500 0
074 T000500 29835
074 U010500 1603
074 U020500 0
074 V010500 18.61
074 V020500 0.00
074 W000500 0.0000
074 X000500 2
074 Y000500 0
075 A000500 0
075 B000500 25666
076 000500 0.00
080 C000500 0
081 A000500 N
081 B000500 0
082 A000500 N
082 B000500 0
083 A000500 N
083 B000500 0
084 A000500 N
084 B000500 0
085 A000500 Y
<PAGE> PAGE 24
085 B000500 N
024 000600 Y
025 A000601 RAGEN MACKENZIE, INC.
025 B000601 91-1374280
025 C000601 E
025 D000601 318
025 D000602 0
025 D000603 0
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
025 D000608 0
028 A010600 385
028 A020600 0
028 A030600 0
028 A040600 360
028 B010600 318
028 B020600 0
028 B030600 0
028 B040600 231
028 C010600 272
028 C020600 0
028 C030600 0
028 C040600 419
028 D010600 312
028 D020600 0
028 D030600 0
028 D040600 258
028 E010600 628
028 E020600 0
028 E030600 0
028 E040600 423
028 F010600 210
028 F020600 0
028 F030600 0
028 F040600 178
028 G010600 2125
028 G020600 0
028 G030600 0
028 G040600 1869
028 H000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.850
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
<PAGE> PAGE 25
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
062 A000600 N
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 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 0
063 B000600 0.0
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 Y
066 E000600 N
066 F000600 N
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
071 A000600 5157
071 B000600 5163
071 C000600 10605
<PAGE> PAGE 26
071 D000600 100
072 A000600 6
072 B000600 16
072 C000600 28
072 D000600 0
072 E000600 0
072 F000600 46
072 G000600 0
072 H000600 0
072 I000600 0
072 J000600 3
072 K000600 0
072 L000600 0
072 M000600 3
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 9
072 S000600 0
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 7
072 X000600 68
072 Y000600 16
072 Z000600 -8
072AA000600 0
072BB000600 1894
072CC010600 0
072CC020600 176
072DD010600 0
072DD020600 0
072EE000600 0
073 A010600 0.0000
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 0
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 390
074 F000600 9840
074 G000600 0
074 H000600 0
074 I000600 689
074 J000600 297
074 K000600 0
074 L000600 67
074 M000600 0
<PAGE> PAGE 27
074 N000600 11283
074 O000600 0
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 8
074 S000600 0
074 T000600 11275
074 U010600 1221
074 U020600 0
074 V010600 9.24
074 V020600 0.00
074 W000600 0.0000
074 X000600 2
074 Y000600 0
075 A000600 0
075 B000600 11205
076 000600 0.00
080 C000600 0
081 A000600 N
081 B000600 0
082 A000600 N
082 B000600 0
083 A000600 N
083 B000600 0
084 A000600 N
084 B000600 0
085 A000600 Y
085 B000600 N
SIGNATURE DAVID F. HILL
TITLE PRESIDENT
SPECIAL JOINT SHAREHOLDERS' MEETING
MARCH 30, 1999
REPORT OF SECRETARY
PROPOSAL #1:
SAFECO COMMON STOCK TRUST: OF THE 183,455,011 SHARES OF THE
SAFECO COMMON STOCK TRUST OUTSTANDING ON THE RECORD DATE AND
ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON
OR THROUGH PROXY 97,808,533 SHARES, OR 53.31% OF THE
OUTSTANDING SHARES.
EACH OF THE NOMINEES WAS ELECTED BY A FAVORABLE VOTE OF AT
LEAST 95.51% OF THE SHARES OF THE SAFECO COMMON STOCK TRUST
VOTING.
FOR MR. DICKEY, THE VOTE WAS 93,435,754 "FOR" ELECTION, AND
4,371,621"WITHHELD".
FOR MS. DINGFIELD, THE VOTE WAS 93,415,752 "FOR" ELECTION,
AND 4,391,623 "WITHHELD".
FOR MR. HILL, THE VOTE WAS 93,451,132 "FOR" ELECTION, AND
4,356,243 "WITHHELD".
FOR MR. HUBBARD, THE VOTE WAS 93,430,269 "FOR" ELECTION, AND
4,377,106 "WITHHELD".
FOR MR. LUNDGREN, THE VOTE WAS 93,462,880 "FOR" ELECTION,
AND 4,344,495 "WITHHELD".
FOR MR. PINNT, THE VOTE WAS 93,456,385 "FOR" ELECTION, AND
4,350,990 "WITHHELD".
FOR MR. SCHNEIDER, THE VOTE WAS 93,467,243 "FOR" ELECTION,
AND 4,340,132 "WITHHELD".
SAFECO MONEY MARKET TRUST: OF THE 301,575,167 SHARES OF THE
SAFECO MONEY MARKET TRUST OUTSTANDING ON THE RECORD DATE AND
ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON
OR THROUGH PROXY 176,434,986 SHARES, OR 58.50% OF THE
OUTSTANDING SHARES.
EACH OF THE NOMINEES WAS ELECTED BY A FAVORABLE VOTE OF AT
LEAST 96.01% OF THE SHARES OF THE SAFECO MONEY MARKET TRUST
VOTING.
FOR MR. DICKEY, THE VOTE WAS 170,319,451 "FOR" ELECTION,
AND 6,115,535 "WITHHELD".
FOR MS. DINGFIELD, THE VOTE WAS 169,394,152 "FOR" ELECTION,
AND 7,040,834 "WITHHELD".
FOR MR. HILL, THE VOTE WAS 170,289,675 "FOR" ELECTION, AND
6,145,311 "WITHHELD".
FOR MR. HUBBARD, THE VOTE WAS 169,807,923 "FOR" ELECTION,
AND 6,627,063 "WITHHELD".
FOR MR. LUNDGREN, THE VOTE WAS 169,870,453"FOR" ELECTION,
AND 6,564,533 "WITHHELD".
FOR MR. PINNT, THE VOTE WAS 169,699,232 "FOR" ELECTION, AND
6,735,754 "WITHHELD".
FOR MR. SCHNEIDER, THE VOTE WAS 169,829,447 "FOR" ELECTION,
AND 6,605,539 "WITHHELD".
SAFECO MANAGED BOND TRUST: OF THE 884,264 SHARES OF THE
SAFECO MANAGED BOND TRUST OUTSTANDING ON THE RECORD DATE AND
ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON
OR THROUGH PROXY 636,988 SHARES, OR 72.04% OF THE
OUTSTANDING SHARES.
EACH OF THE NOMINEES WAS ELECTED BY A FAVORABLE VOTE OF AT
LEAST 98.15% OF THE SHARES OF THE SAFECO MANAGED BOND TRUST
VOTING.
FOR MR. DICKEY, THE VOTE WAS 625,202 "FOR" ELECTION, AND
11,786 "WITHHELD".
FOR MS. DINGFIELD, THE VOTE WAS 625,202 "FOR" ELECTION, AND
11,786 "WITHHELD".
FOR MR. HILL, THE VOTE WAS 625,202 "FOR" ELECTION, AND
11,786 "WITHHELD".
FOR MR. HUBBARD, THE VOTE WAS 625,202 "FOR" ELECTION, AND
11,786 "WITHHELD".
FOR MR. LUNDGREN, THE VOTE WAS 625,202 "FOR" ELECTION, AND
11,786 "WITHHELD".
FOR MR. PINNT, THE VOTE WAS 625,202 "FOR" ELECTION, AND
11,786 "WITHHELD".
FOR MR. SCHNEIDER, THE VOTE WAS 625,202 "FOR" ELECTION, AND
11,786 "WITHHELD".
SAFECO TAXABLE BOND TRUST: OF THE 16,403,108 SHARES OF THE
SAFECO TAXABLE BOND TRUST OUTSTANDING ON THE RECORD DATE AND
ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON
OR THROUGH PROXY 10,225,040 SHARES, OR 62.34% OF THE
OUTSTANDING SHARES.
EACH OF THE NOMINEES WAS ELECTED BY A FAVORABLE VOTE OF AT
LEAST 94.73% OF THE SHARES OF THE SAFECO TAXABLE BOND TRUST
VOTING.
FOR MR. DICKEY, THE VOTE WAS 9,719,889 "FOR" ELECTION, AND
505,151 "WITHHELD".
FOR MS. DINGFIELD, THE VOTE WAS 9,686,615"FOR" ELECTION, AND
538,425 "WITHHELD".
FOR MR. HILL, THE VOTE WAS 9,724,966 "FOR" ELECTION, AND
500,074 "WITHHELD".
FOR MR. HUBBARD, THE VOTE WAS 9,710,166 "FOR" ELECTION, AND
514,874 "WITHHELD".
FOR MR. LUNDGREN, THE VOTE WAS 9,715,105 "FOR" ELECTION, AND
509,935 "WITHHELD".
FOR MR. PINNT, THE VOTE WAS 9,715,607 "FOR" ELECTION, AND
509,433 "WITHHELD".
FOR MR. SCHNEIDER, THE VOTE WAS 9,716,881 "FOR" ELECTION,
AND 508,159 "WITHHELD".
SAFECO TAX-EXEMPT BOND TRUST: OF THE 51,754,019 SHARES OF
THE SAFECO TAX-EXEMPT BOND TRUST OUTSTANDING ON THE RECORD
DATE AND ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT
IN PERSON OR THROUGH PROXY 34,383,238 SHARES, OR 66.44% OF
THE OUTSTANDING SHARES.
EACH OF THE NOMINEES WAS ELECTED BY A FAVORABLE VOTE OF AT
LEAST 96.50% OF THE SHARES OF THE SAFECO TAX-EXEMPT BOND
TRUST VOTING.
FOR MR. DICKEY, THE VOTE WAS 33,179,392 "FOR" ELECTION, AND
1,203,846 "WITHHELD".
FOR MS. DINGFIELD, THE VOTE WAS 33,206,355 "FOR" ELECTION,
AND 1,176,883 "WITHHELD".
FOR MR. HILL, THE VOTE WAS 33,201,762 "FOR" ELECTION, AND
1,181,476 "WITHHELD".
FOR MR. HUBBARD, THE VOTE WAS 33,205,323 "FOR" ELECTION, AND
1,177,915 "WITHHELD".
FOR MR. LUNDGREN, THE VOTE WAS 33,231,759 "FOR" ELECTION,
AND 1,151,479 "WITHHELD".
FOR MR. PINNT, THE VOTE WAS 33,224,307 "FOR" ELECTION, AND
1,158,931 "WITHHELD".
FOR MR. SCHNEIDER, THE VOTE WAS 33,201,504 "FOR" ELECTION,
AND 1,181,734 "WITHHELD".
PROPOSAL #2:
SAFECO COMMON STOCK TRUST: OF THE 183,455,011 SHARES OF THE
SAFECO COMMON STOCK TRUST OUTSTANDING ON THE RECORD DATE AND
ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON
OR THROUGH PROXY 97,808,533 SHARES, OR 53.31% OF THE
OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 95.95%
OF THE SHARES OF THE SAFECO COMMON STOCK TRUST VOTING. THE
VOTE WAS 93,848,206 "FOR" ADOPTION OF THE PROPOSAL,
1,312,769 "WITHHELD" AND 2,647,538 ABSTAINING.
SAFECO MONEY MARKET TRUST: OF THE 301,575,167 SHARES OF THE
SAFECO MONEY MARKET TRUST OUTSTANDING ON THE RECORD DATE AND
ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON
OR THROUGH PROXY 176,434,986 SHARES, OR 58.50% OF THE
OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 95.73%
OF THE SHARES OF THE SAFECO MONEY MARKET TRUST VOTING.
THE VOTE WAS 168,893,989 "FOR" ADOPTION OF THE PROPOSAL,
1,936,979 "WITHHELD" AND 5,604,015 ABSTAINING.
SAFECO MANAGED BOND TRUST: OF THE 884,264 SHARES OF THE
SAFECO MANAGED BOND TRUST OUTSTANDING ON THE RECORD DATE AND
ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON
OR THROUGH PROXY 636,988 SHARES, OR 72.04% OF THE
OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 97.95%
OF THE SHARES OF THE SAFECO MANAGED BOND TRUST VOTING.
THE VOTE WAS 623,911 "FOR" ADOPTION OF THE PROPOSAL, 12,177
"WITHHELD" AND 899 ABSTAINING.
SAFECO TAXABLE BOND TRUST: OF THE 16,403,108 SHARES OF THE
SAFECO TAXABLE BOND TRUST OUTSTANDING ON THE RECORD DATE AND
ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON
OR THROUGH PROXY 10,225,040 SHARES, OR 62.34% OF THE
OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 95.75%
OF THE SHARES OF THE SAFECO TAXABLE BOND TRUST VOTING.
THE VOTE WAS 9,790,390 "FOR" ADOPTION OF THE PROPOSAL,
147,483 "WITHHELD" AND 287,161 ABSTAINING.
SAFECO TAX-EXEMPT BOND TRUST: OF THE 51,754,019 SHARES OF
THE SAFECO TAX-EXEMPT BOND TRUST OUTSTANDING ON THE RECORD
DATE AND ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT
IN PERSON OR THROUGH PROXY 34,383,238 SHARES, OR 66.44% OF
THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 96.88%
OF THE SHARES OF THE SAFECO TAX-EXEMPT BOND TRUST VOTING.
THE VOTE WAS 33,311,992 "FOR" ADOPTION OF THE PROPOSAL,
469,783 "WITHHELD" AND 601,458 ABSTAINING.
PROPOSAL #3:
SAFECO COMMON STOCK TRUST:
GROWTH FUND: OF THE 62,540,590 SHARES OF THE SAFECO GROWTH
FUND OUTSTANDING ON THE RECORD DATE AND ENTITLED TO VOTE AT
THIS MEETING, WE HAVE PRESENT IN PERSON OR THROUGH PROXY
32,424,759 SHARES, OR 51.85% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 76.05%
OF THE SHARES OF THE SAFECO GROWTH FUND VOTING. THE VOTE
WAS 24,659,751 "FOR" ADOPTION OF THE PROPOSAL, 1,335,790
"WITHHELD" AND 6,429,978 ABSTAINING.
EQUITY FUND: OF THE 92,281,723 SHARES OF THE SAFECO EQUITY
FUND OUTSTANDING ON THE RECORD DATE AND ENTITLED TO VOTE AT
THIS MEETING, WE HAVE PRESENT IN PERSON OR THROUGH PROXY
47,790,640 SHARES, OR 51.79% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 79.93%
OF THE SHARES OF THE SAFECO EQUITY FUND VOTING. THE VOTE
WAS 38,199,494 "FOR" ADOPTION OF THE PROPOSAL, 2,880,885
"WITHHELD" AND 6,711,419 ABSTAINING.
INCOME FUND: OF THE 16,777,409 SHARES OF THE SAFECO INCOME
FUND OUTSTANDING ON THE RECORD DATE AND ENTITLED TO VOTE AT
THIS MEETING, WE HAVE PRESENT IN PERSON OR THROUGH PROXY
9,674,405 SHARES, OR 57.66% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 85.99%
OF THE SHARES OF THE SAFECO INCOME FUND VOTING. THE VOTE
WAS 8,319,321 "FOR" ADOPTION OF THE PROPOSAL, 550,605
"WITHHELD" AND 804,561 ABSTAINING.
NORTHWEST FUND: OF THE 3,819,498 SHARES OF THE SAFECO
NORTHWEST FUND OUTSTANDING ON THE RECORD DATE AND ENTITLED
TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON OR
THROUGH PROXY 2,431,975 SHARES, OR 63.67% OF THE OUTSTANDING
SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 82.65%
OF THE SHARES OF THE SAFECO NORTHWEST FUND VOTING. THE VOTE
WAS 2,009,995 "FOR" ADOPTION OF THE PROPOSAL, 174,918
"WITHHELD" AND 247,062 ABSTAINING.
BALANCED FUND: OF THE 1,825,230 SHARES OF THE SAFECO
BALANCED FUND OUTSTANDING ON THE RECORD DATE AND ENTITLED TO
VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON OR THROUGH
PROXY 1,227,226 SHARES, OR 67.24% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 93.34%
OF THE SHARES OF THE SAFECO BALANCED FUND VOTING. THE VOTE
WAS 1,145,478 "FOR" ADOPTION OF THE PROPOSAL, 8,188
"WITHHELD" AND 73,560 ABSTAINING.
INTERNATIONAL STOCK FUND: OF THE 1,922,978 SHARES OF THE
SAFECO INTERNATIONAL STOCK FUND OUTSTANDING ON THE RECORD
DATE AND ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT
IN PERSON OR THROUGH PROXY 1,509,576 SHARES, OR 78.50% OF
THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 90.02%
OF THE SHARES OF THE SAFECO INTERNATIONAL STOCK FUND VOTING.
THE VOTE WAS 1,358,847 "FOR" ADOPTION OF THE PROPOSAL,
50,533 "WITHHELD" AND 100,196 ABSTAINING.
SMALL COMPANY STOCK FUND: OF THE 3,367,829 SHARES OF THE
SAFECO SMALL COMPANY STOCK FUND OUTSTANDING ON THE RECORD
DATE AND ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT
IN PERSON OR THROUGH PROXY 2,068,449 SHARES, OR 61.42% OF
THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 78.51%
OF THE SHARES OF THE SAFECO SMALL COMPANY STOCK FUND
VOTING. THE VOTE WAS 1,623,941 "FOR" ADOPTION OF THE
PROPOSAL, 76,040 "WITHHELD" AND 368,468 ABSTAINING.
U.S. VALUE FUND: OF THE 919,754 SHARES OF THE SAFECO U.S.
VALUE FUND OUTSTANDING ON THE RECORD DATE AND ENTITLED TO
VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON OR THROUGH
PROXY 679,503 SHARES, OR 73.88% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 77.14%
OF THE SHARES OF THE SAFECO U.S. VALUE FUND VOTING. THE
VOTE WAS 524,136 "FOR" ADOPTION OF THE PROPOSAL, 38,124
"WITHHELD" AND 117,243 ABSTAINING.
SAFECO MONEY MARKET TRUST:
SAFECO MONEY MARKET FUND: OF THE 221,038,952 SHARES OF THE
SAFECO MONEY MARKET FUND OUTSTANDING ON THE RECORD DATE AND
ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON
OR THROUGH PROXY 125,942,582 SHARES, OR 56.98% OF THE
OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 89.88%
OF THE SHARES OF THE SAFECO MONEY MARKET FUND VOTING. THE
VOTE WAS 113,201,242 "FOR" ADOPTION OF THE PROPOSAL,
5,138,839 "WITHHELD" AND 7,602,501 ABSTAINING.
SAFECO TAX-FREE MONEY MARKET FUND: OF THE 80,536,215 SHARES
OF THE SAFECO TAX-FREE MONEY MARKET FUND OUTSTANDING ON THE
RECORD DATE AND ENTITLED TO VOTE AT THIS MEETING, WE HAVE
PRESENT IN PERSON OR THROUGH PROXY 50,492,404 SHARES, OR
62.70% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 92.36%
OF THE SHARES OF THE SAFECO TAX-FREE MONEY MARKET FUND
VOTING. THE VOTE WAS 46,632,450 "FOR" ADOPTION OF THE
PROPOSAL, 1,920,343 "WITHHELD" AND 1,939,611 ABSTAINING.
SAFECO MANAGED BOND TRUST:
MANAGED BOND FUND: OF THE 884,264 SHARES OF THE SAFECO
MANAGED BOND FUND OUTSTANDING ON THE RECORD DATE AND
ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON
OR THROUGH PROXY 636,988 SHARES, OR 72.04% OF THE
OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 94.03%
OF THE SHARES OF THE SAFECO MANAGED BOND FUND VOTING. THE
VOTE WAS 598,985 "FOR" ADOPTION OF THE PROPOSAL, 11,502
"WITHHELD" AND 26,501 ABSTAINING.
SAFECO TAXABLE BOND TRUST:
INTERMEDIATE-TERM U.S. TREASURY FUND: OF THE 2,185,814
SHARES OF THE SAFECO INTERMEDIATE-TERM U.S. TREASURY FUND
OUTSTANDING ON THE RECORD DATE AND ENTITLED TO VOTE AT THIS
MEETING, WE HAVE PRESENT IN PERSON OR THROUGH PROXY
1,377,256 SHARES, OR 63.01% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 92.59%
OF THE SHARES OF THE SAFECO INTERMEDIATE-TERM U.S. TREASURY
FUND VOTING. THE VOTE WAS 1,275,228 "FOR" ADOPTION OF THE
PROPOSAL, 24,708 "WITHHELD" AND 77,320 ABSTAINING.
HIGH-YIELD BOND FUND: OF THE 9,766,498 SHARES OF THE SAFECO
HIGH-YIELD BOND FUND OUTSTANDING ON THE RECORD DATE AND
ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON
OR THROUGH PROXY 5,996,706 SHARES, OR 61.40% OF THE
OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 73.18%
OF THE SHARES OF THE SAFECO HIGH-YIELD BOND FUND VOTING.
THE VOTE WAS 4,388,538 "FOR" ADOPTION OF THE PROPOSAL,
275,361 "WITHHELD" AND 1,332,807 ABSTAINING.
GNMA FUND: OF THE 4,450,796 SHARES OF THE SAFECO GNMA FUND
OUTSTANDING ON THE RECORD DATE AND ENTITLED TO VOTE AT THIS
MEETING, WE HAVE PRESENT IN PERSON OR THROUGH PROXY
2,851,078 SHARES, OR 64.06% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 85.08%
OF THE SHARES OF THE SAFECO GNMA FUND VOTING. THE VOTE
WAS 2,425,586 "FOR" ADOPTION OF THE PROPOSAL, 131,781
"WITHHELD" AND 293,711 ABSTAINING.
SAFECO TAX-EXEMPT BOND TRUST:
INTERMEDIATE-TERM MUNICIPAL BOND FUND: OF THE 1,375,151
SHARES OF THE SAFECO INTERMEDIATE-TERM MUNICIPAL BOND FUND
OUTSTANDING ON THE RECORD DATE AND ENTITLED TO VOTE AT THIS
MEETING, WE HAVE PRESENT IN PERSON OR THROUGH PROXY
1,079,973 SHARES, OR 78.53% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 51.45%
OF THE SHARES OF THE SAFECO INTERMEDIATE-TERM MUNICIPAL BOND
FUND OUTSTANDING. THE VOTE WAS 798,892 "FOR" ADOPTION OF
THE PROPOSAL, 241,358 "WITHHELD" AND 39,723 ABSTAINING.
INSURED MUNICIPAL BOND FUND: OF THE 2,203,149 SHARES OF THE
SAFECO INSURED MUNICIPAL BOND FUND OUTSTANDING ON THE RECORD
DATE AND ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT
IN PERSON OR THROUGH PROXY 1,677,915 SHARES, OR 76.16% OF
THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 78.51%
OF THE SHARES OF THE SAFECO INSURED MUNICIPAL BOND FUND
VOTING. THE VOTE WAS 1,317,315 "FOR" ADOPTION OF THE
PROPOSAL, 207,957 "WITHHELD" AND 152,643 ABSTAINING.
MUNICIPAL BOND FUND: OF THE 38,210,452 SHARES OF THE SAFECO
MUNICIPAL BOND FUND OUTSTANDING ON THE RECORD DATE AND
ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON
OR THROUGH PROXY 25,487,907 SHARES, OR 66.70% OF THE
OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 82.12%
OF THE SHARES OF THE SAFECO MUNICIPAL BOND FUND VOTING. THE
VOTE WAS 20,931,923 "FOR" ADOPTION OF THE PROPOSAL,
1,908,121 "WITHHELD" AND 2,647,863 ABSTAINING.
CALIFORNIA TAX-FREE INCOME FUND: OF THE 9,232,697 SHARES OF
THE SAFECO CALIFORNIA TAX-FREE INCOME FUND OUTSTANDING ON
THE RECORD DATE AND ENTITLED TO VOTE AT THIS MEETING, WE
HAVE PRESENT IN PERSON OR THROUGH PROXY 5,436,250 SHARES, OR
58.88% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 83.67%
OF THE SHARES OF THE SAFECO CALIFORNIA TAX-FREE INCOME FUND
VOTING. THE VOTE WAS 4,548,743 "FOR" ADOPTION OF THE
PROPOSAL, 188,074 "WITHHELD" AND 699,433 ABSTAINING.
WASHINGTON STATE MUNICIPAL BOND FUND: OF THE 732,570 SHARES
OF THE SAFECO WASHINGTON STATE MUNICIPAL BOND FUND
OUTSTANDING ON THE RECORD DATE AND ENTITLED TO VOTE AT THIS
MEETING, WE HAVE PRESENT IN PERSON OR THROUGH PROXY 701,193
SHARES, OR 95.72% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 53.84%
OF THE SHARES OF THE SAFECO WASHINGTON STATE MUNICIPAL BOND
FUND OUTSTANDING. THE VOTE WAS 394,393 "FOR" ADOPTION OF
THE PROPOSAL, 259,793 "WITHHELD" AND 47,007 ABSTAINING.
PROPOSAL #4:
SAFECO COMMON STOCK TRUST:
GROWTH FUND: OF THE 62,540,590 SHARES OF THE SAFECO GROWTH
FUND OUTSTANDING ON THE RECORD DATE AND ENTITLED TO VOTE AT
THIS MEETING, WE HAVE PRESENT IN PERSON OR THROUGH PROXY
32,424,759 SHARES, OR 51.85% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 69.66%
OF THE SHARES OF THE SAFECO GROWTH FUND VOTING. THE VOTE
WAS 22,586,839 "FOR" ADOPTION OF THE PROPOSAL,
3,379,701"WITHHELD" AND 6,458,979 ABSTAINING.
EQUITY FUND: OF THE 92,281,723 SHARES OF THE SAFECO EQUITY
FUND OUTSTANDING ON THE RECORD DATE AND ENTITLED TO VOTE AT
THIS MEETING, WE HAVE PRESENT IN PERSON OR THROUGH PROXY
47,790,640 SHARES, OR 51.79% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 76.28%
OF THE SHARES OF THE SAFECO EQUITY FUND VOTING. THE VOTE
WAS 36,456,954 "FOR" ADOPTION OF THE PROPOSAL, 4,598,200
"WITHHELD" AND 6,736,644 ABSTAINING.
INCOME FUND: OF THE 16,777,409 SHARES OF THE SAFECO INCOME
FUND OUTSTANDING ON THE RECORD DATE AND ENTITLED TO VOTE AT
THIS MEETING, WE HAVE PRESENT IN PERSON OR THROUGH PROXY
9,674,405 SHARES, OR 57.66% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 82.09%
OF THE SHARES OF THE SAFECO INCOME FUND VOTING. THE VOTE
WAS 7,942,096 "FOR" ADOPTION OF THE PROPOSAL, 908,261
"WITHHELD" AND 824,130 ABSTAINING.
NORTHWEST FUND: OF THE 3,819,498 SHARES OF THE SAFECO
NORTHWEST FUND OUTSTANDING ON THE RECORD DATE AND ENTITLED
TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON OR
THROUGH PROXY 2,431,975 SHARES, OR 63.67% OF THE OUTSTANDING
SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 80.71%
OF THE SHARES OF THE SAFECO NORTHWEST FUND VOTING. THE VOTE
WAS 1,962,769 "FOR" ADOPTION OF THE PROPOSAL, 220,245
"WITHHELD" AND 243,961 ABSTAINING.
BALANCED FUND: OF THE 1,825,230 SHARES OF THE SAFECO
BALANCED FUND OUTSTANDING ON THE RECORD DATE AND ENTITLED TO
VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON OR THROUGH
PROXY 1,227,226 SHARES, OR 67.24% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 89.46%
OF THE SHARES OF THE SAFECO BALANCED FUND VOTING. THE VOTE
WAS 1,097,834 "FOR" ADOPTION OF THE PROPOSAL, 53,659
"WITHHELD" AND 75,733 ABSTAINING.
INTERNATIONAL STOCK FUND: OF THE 1,922,978 SHARES OF THE
SAFECO INTERNATIONAL STOCK FUND OUTSTANDING ON THE RECORD
DATE AND ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT
IN PERSON OR THROUGH PROXY 1,509,576 SHARES, OR 78.50% OF
THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 87.30%
OF THE SHARES OF THE SAFECO INTERNATIONAL STOCK FUND VOTING.
THE VOTE WAS 1,317,834 "FOR" ADOPTION OF THE PROPOSAL,
103,297 "WITHHELD" AND 88,445 ABSTAINING.
SMALL COMPANY STOCK FUND: OF THE 3,367,829 SHARES OF THE
SAFECO SMALL COMPANY STOCK FUND OUTSTANDING ON THE RECORD
DATE AND ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT
IN PERSON OR THROUGH PROXY 2,068,449 SHARES, OR 61.42% OF
THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 75.56%
OF THE SHARES OF THE SAFECO SMALL COMPANY STOCK FUND
VOTING. THE VOTE WAS 1,562,992 "FOR" ADOPTION OF THE
PROPOSAL, 145,808 "WITHHELD" AND 359,649 ABSTAINING.
U.S. VALUE FUND: OF THE 919,754 SHARES OF THE SAFECO U.S.
VALUE FUND OUTSTANDING ON THE RECORD DATE AND ENTITLED TO
VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON OR THROUGH
PROXY 679,503 SHARES, OR 73.88% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 78.09%
OF THE SHARES OF THE SAFECO U.S. VALUE FUND VOTING. THE
VOTE WAS 530,612 "FOR" ADOPTION OF THE PROPOSAL, 41,127
"WITHHELD" AND 107,764 ABSTAINING.
SAFECO MONEY MARKET TRUST:
SAFECO MONEY MARKET FUND: OF THE 221,038,952 SHARES OF THE
SAFECO MONEY MARKET FUND OUTSTANDING ON THE RECORD DATE AND
ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON
OR THROUGH PROXY 125,942,582 SHARES, OR 56.98% OF THE
OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 87.71%
OF THE SHARES OF THE SAFECO MONEY MARKET FUND VOTING. THE
VOTE WAS 110,460,204 "FOR" ADOPTION OF THE PROPOSAL,
7,605,668 "WITHHELD" AND 7,876,710 ABSTAINING.
SAFECO TAX-FREE MONEY MARKET FUND: OF THE 80,536,215 SHARES
OF THE SAFECO TAX-FREE MONEY MARKET FUND OUTSTANDING ON THE
RECORD DATE AND ENTITLED TO VOTE AT THIS MEETING, WE HAVE
PRESENT IN PERSON OR THROUGH PROXY 50,492,404 SHARES, OR
62.70% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 88.68%
OF THE SHARES OF THE SAFECO TAX-FREE MONEY MARKET FUND
VOTING. THE VOTE WAS 44,775,141 "FOR" ADOPTION OF THE
PROPOSAL, 3,422,366 "WITHHELD" AND 2,294,897 ABSTAINING.
SAFECO MANAGED BOND TRUST:
MANAGED BOND FUND: OF THE 884,264 SHARES OF THE SAFECO
MANAGED BOND FUND OUTSTANDING ON THE RECORD DATE AND
ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON
OR THROUGH PROXY 636,988 SHARES, OR 72.04% OF THE
OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 93.22%
OF THE SHARES OF THE SAFECO MANAGED BOND FUND VOTING. THE
VOTE WAS 593,777 "FOR" ADOPTION OF THE PROPOSAL, 18,356
"WITHHELD" AND 24,855 ABSTAINING.
SAFECO TAXABLE BOND TRUST:
INTERMEDIATE-TERM U.S. TREASURY FUND: OF THE 2,185,814
SHARES OF THE SAFECO INTERMEDIATE-TERM U.S. TREASURY FUND
OUTSTANDING ON THE RECORD DATE AND ENTITLED TO VOTE AT THIS
MEETING, WE HAVE PRESENT IN PERSON OR THROUGH PROXY
1,377,256 SHARES, OR 63.01% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 88.12%
OF THE SHARES OF THE SAFECO INTERMEDIATE-TERM U.S. TREASURY
FUND VOTING. THE VOTE WAS 1,213,700 "FOR" ADOPTION OF THE
PROPOSAL, 84,118 "WITHHELD" AND 79,438 ABSTAINING.
HIGH-YIELD BOND FUND: OF THE 9,766,498 SHARES OF THE SAFECO
HIGH-YIELD BOND FUND OUTSTANDING ON THE RECORD DATE AND
ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON
OR THROUGH PROXY 5,996,706 SHARES, OR 61.40% OF THE
OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 70.46%
OF THE SHARES OF THE SAFECO HIGH-YIELD BOND FUND VOTING.
THE VOTE WAS 4,225,533 "FOR" ADOPTION OF THE PROPOSAL,
466,290 "WITHHELD" AND 1,304,883 ABSTAINING.
GNMA FUND: OF THE 4,450,796 SHARES OF THE SAFECO GNMA FUND
OUTSTANDING ON THE RECORD DATE AND ENTITLED TO VOTE AT THIS
MEETING, WE HAVE PRESENT IN PERSON OR THROUGH PROXY
2,851,078 SHARES, OR 64.06% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 84.20%
OF THE SHARES OF THE SAFECO GNMA FUND VOTING. THE VOTE
WAS 2,400,507 "FOR" ADOPTION OF THE PROPOSAL, 151,289
"WITHHELD" AND 299,282 ABSTAINING.
SAFECO TAX-EXEMPT BOND TRUST:
INTERMEDIATE-TERM MUNICIPAL BOND FUND: OF THE 1,375,151
SHARES OF THE SAFECO INTERMEDIATE-TERM MUNICIPAL BOND FUND
OUTSTANDING ON THE RECORD DATE AND ENTITLED TO VOTE AT THIS
MEETING, WE HAVE PRESENT IN PERSON OR THROUGH PROXY
1,079,973 SHARES, OR 78.53% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 71.29%
OF THE SHARES OF THE SAFECO INTERMEDIATE-TERM MUNICIPAL BOND
FUND VOTING. THE VOTE WAS 769,963 "FOR" ADOPTION OF THE
PROPOSAL, 250,834 "WITHHELD" AND 59,176 ABSTAINING.
INSURED MUNICIPAL BOND FUND: OF THE 2,203,149 SHARES OF THE
SAFECO INSURED MUNICIPAL BOND FUND OUTSTANDING ON THE RECORD
DATE AND ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT
IN PERSON OR THROUGH PROXY 1,677,915 SHARES, OR 76.16% OF
THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 77.88%
OF THE SHARES OF THE SAFECO INSURED MUNICIPAL BOND FUND
VOTING. THE VOTE WAS 1,306,780 "FOR" ADOPTION OF THE
PROPOSAL, 217,524 "WITHHELD" AND 153,611 ABSTAINING.
MUNICIPAL BOND FUND: OF THE 38,210,452 SHARES OF THE SAFECO
MUNICIPAL BOND FUND OUTSTANDING ON THE RECORD DATE AND
ENTITLED TO VOTE AT THIS MEETING, WE HAVE PRESENT IN PERSON
OR THROUGH PROXY 25,487,907 SHARES, OR 66.70% OF THE
OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 76.31%
OF THE SHARES OF THE SAFECO MUNICIPAL BOND FUND VOTING. THE
VOTE WAS 19,449,440 "FOR" ADOPTION OF THE PROPOSAL,
3,304,549 "WITHHELD" AND 2,733,918 ABSTAINING.
CALIFORNIA TAX-FREE INCOME FUND: OF THE 9,232,697 SHARES OF
THE SAFECO CALIFORNIA TAX-FREE INCOME FUND OUTSTANDING ON
THE RECORD DATE AND ENTITLED TO VOTE AT THIS MEETING, WE
HAVE PRESENT IN PERSON OR THROUGH PROXY 5,436,250 SHARES, OR
58.88% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 81.05%
OF THE SHARES OF THE SAFECO CALIFORNIA TAX-FREE INCOME FUND
VOTING. THE VOTE WAS 4,406,287 "FOR" ADOPTION OF THE
PROPOSAL, 254,239 "WITHHELD" AND 775,724 ABSTAINING.
WASHINGTON STATE MUNICIPAL BOND FUND: OF THE 732,570 SHARES
OF THE SAFECO WASHINGTON STATE MUNICIPAL BOND FUND
OUTSTANDING ON THE RECORD DATE AND ENTITLED TO VOTE AT THIS
MEETING, WE HAVE PRESENT IN PERSON OR THROUGH PROXY 701,193
SHARES, OR 95.72% OF THE OUTSTANDING SHARES.
THE PROPOSAL HAS BEEN ADOPTED BY A FAVORABLE VOTE OF 54.70%
OF THE SHARES OF THE SAFECO WASHINGTON STATE MUNICIPAL BOND
FUND OUTSTANDING. THE VOTE WAS 400,725 "FOR" ADOPTION OF
THE PROPOSAL, 269,780 "WITHHELD" AND 30,688 ABSTAINING.
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 795892
<NAME> SAFECO RESOURCE SERIES TRUST
<SERIES>
<NUMBER> 2
<NAME> SAFECO RST BOND PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> SEMI-ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 31,066
<INVESTMENTS-AT-VALUE> 30,114
<RECEIVABLES> 356
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 30,470
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 27
<TOTAL-LIABILITIES> 27
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 31,317
<SHARES-COMMON-STOCK> 2,772
<SHARES-COMMON-PRIOR> 2,640
<ACCUMULATED-NII-CURRENT> 779
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (701)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (952)
<NET-ASSETS> 30,443
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 911
<OTHER-INCOME> 0
<EXPENSES-NET> 132
<NET-INVESTMENT-INCOME> 779
<REALIZED-GAINS-CURRENT> (712)
<APPREC-INCREASE-CURRENT> (1,239)
<NET-CHANGE-FROM-OPS> (1,172)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 501
<NUMBER-OF-SHARES-REDEEMED> (368)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 326
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 110
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 132
<AVERAGE-NET-ASSETS> 30,542
<PER-SHARE-NAV-BEGIN> 11.41
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> (0.71)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.98
<EXPENSE-RATIO> 0.87
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<CIK> 795892
<NAME> SAFECO RESOURCE SERIES TRUST
<SERIES>
<NUMBER> 1
<NAME> SAFECO RST EQUITY PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> SEMI-ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 458,517
<INVESTMENTS-AT-VALUE> 662,125
<RECEIVABLES> 670
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 662,795
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 439
<TOTAL-LIABILITIES> 439
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 435,990
<SHARES-COMMON-STOCK> 20,063
<SHARES-COMMON-PRIOR> 18,596
<ACCUMULATED-NII-CURRENT> 2,684
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 20,074
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 203,608
<NET-ASSETS> 662,356
<DIVIDEND-INCOME> 4,483
<INTEREST-INCOME> 477
<OTHER-INCOME> 0
<EXPENSES-NET> 2,276
<NET-INVESTMENT-INCOME> 2,684
<REALIZED-GAINS-CURRENT> 20,036
<APPREC-INCREASE-CURRENT> 37,152
<NET-CHANGE-FROM-OPS> 59,872
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,333
<NUMBER-OF-SHARES-REDEEMED> (2,866)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 105,042
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,214
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,276
<AVERAGE-NET-ASSETS> 612,861
<PER-SHARE-NAV-BEGIN> 29.97
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 2.91
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 33.01
<EXPENSE-RATIO> 0.76
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<CIK> 795892
<NAME> SAFECO RESOURCE SERIES TRUST
<SERIES>
<NUMBER> 4
<NAME> SAFECO RST GROWTH PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> SEMI-ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 358,942
<INVESTMENTS-AT-VALUE> 329,425
<RECEIVABLES> 1,572
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 330,997
<PAYABLE-FOR-SECURITIES> 943
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 233
<TOTAL-LIABILITIES> 1,176
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 346,420
<SHARES-COMMON-STOCK> 16,293
<SHARES-COMMON-PRIOR> 16,735
<ACCUMULATED-NII-CURRENT> (727)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13,645
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (29,517)
<NET-ASSETS> 329,821
<DIVIDEND-INCOME> 504
<INTEREST-INCOME> 19
<OTHER-INCOME> 0
<EXPENSES-NET> 1,250
<NET-INVESTMENT-INCOME> (727)
<REALIZED-GAINS-CURRENT> 13,643
<APPREC-INCREASE-CURRENT> (31,927)
<NET-CHANGE-FROM-OPS> (19,011)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,709
<NUMBER-OF-SHARES-REDEEMED> (4,152)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (26,586)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,184
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,250
<AVERAGE-NET-ASSETS> 327,953
<PER-SHARE-NAV-BEGIN> 21.30
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> (1.02)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.24
<EXPENSE-RATIO> 0.78
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 795892
<NAME> SAFECO RESOURCE SERIES TRUST
<SERIES>
<NUMBER> 3
<NAME> SAFECO RST MONEY MARKET PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> SEMI-ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 26,718
<INVESTMENTS-AT-VALUE> 26,718
<RECEIVABLES> 302
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 27,020
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 135
<TOTAL-LIABILITIES> 135
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 26,885
<SHARES-COMMON-STOCK> 26,885
<SHARES-COMMON-PRIOR> 27,623
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 26,885
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 710
<OTHER-INCOME> 0
<EXPENSES-NET> 110
<NET-INVESTMENT-INCOME> 600
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 600
<EQUALIZATION>
<DISTRIBUTIONS-OF-INCOME> (600)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 39,192
<NUMBER-OF-SHARES-REDEEMED> (40,546)
<SHARES-REINVESTED> 616
<NET-CHANGE-IN-ASSETS> (738)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 90
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 110
<AVERAGE-NET-ASSETS> 28,360
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.02)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.78
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 795892
<NAME> SAFECO RESOURCE SERIES TRUST
<SERIES>
<NUMBER> 5
<NAME> SAFECO RST NORTHWEST PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> SEMI-ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 22,687
<INVESTMENTS-AT-VALUE> 29,598
<RECEIVABLES> 289
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,887
<PAYABLE-FOR-SECURITIES> 7
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 45
<TOTAL-LIABILITIES> 52
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 21,032
<SHARES-COMMON-STOCK> 1,603
<SHARES-COMMON-PRIOR> 1,572
<ACCUMULATED-NII-CURRENT> (31)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,924
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,910
<NET-ASSETS> 29,835
<DIVIDEND-INCOME> 70
<INTEREST-INCOME> 12
<OTHER-INCOME> 0
<EXPENSES-NET> 113
<NET-INVESTMENT-INCOME> (31)
<REALIZED-GAINS-CURRENT> 2,732
<APPREC-INCREASE-CURRENT> 1,967
<NET-CHANGE-FROM-OPS> 4,668
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 231
<NUMBER-OF-SHARES-REDEEMED> (200)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5,248
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 92
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 113
<AVERAGE-NET-ASSETS> 25,666
<PER-SHARE-NAV-BEGIN> 15.64
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 2.99
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.61
<EXPENSE-RATIO> 0.89
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 795892
<NAME> SAFECO RESOURCE SERIES TRUST
<SERIES>
<NUMBER> 6
<NAME> SAFECO RST SMALL COMPANY PORTFOLIO
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> SEMI-ANNUAL
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 11,095
<INVESTMENTS-AT-VALUE> 10,919
<RECEIVABLES> 364
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11,283
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8
<TOTAL-LIABILITIES> 8
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14,361
<SHARES-COMMON-STOCK> 1,221
<SHARES-COMMON-PRIOR> 1,193
<ACCUMULATED-NII-CURRENT> (8)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,902)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (176)
<NET-ASSETS> 11,275
<DIVIDEND-INCOME> 28
<INTEREST-INCOME> 16
<OTHER-INCOME> 0
<EXPENSES-NET> 52
<NET-INVESTMENT-INCOME> (8)
<REALIZED-GAINS-CURRENT> (1,894)
<APPREC-INCREASE-CURRENT> 1,141
<NET-CHANGE-FROM-OPS> (761)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 228
<NUMBER-OF-SHARES-REDEEMED> (201)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (505)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 46
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 52
<AVERAGE-NET-ASSETS> 11,205
<PER-SHARE-NAV-BEGIN> 9.87
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> (0.63)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.24
<EXPENSE-RATIO> 0.94
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
