<PAGE> PAGE 1
000 B000000 12/31/1999
000 C000000 0000802209
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 ECLIPSE FUNDS
001 B000000 811-4847
001 C000000 2125765773
002 A000000 144 E. 30TH STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10016
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 ECLIPSE SMALL CAP VALUE FUND
007 C030100 N
007 C010200 2
007 C020200 ECLIPSE BALANCED FUND
007 C030200 N
007 C010300 3
007 C020300 ECLIPSE ULTRA SHORT TERM INCOME FUND
007 C030300 N
007 C010400 4
007 C020400 ECLIPSE MID-CAP VALUE FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
<PAGE> PAGE 2
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
020 A000001 VANDHAM SECURITIES CORPORATION
020 B000001 22-3039058
020 C000001 176
020 A000002 STANDARD & POOR'S SECURITIES, INC.
020 B000002 13-2671951
020 C000002 90
020 A000003 BEAR STEARNS & COMPANY INC.
020 B000003 13-3299429
020 C000003 67
020 A000004 INSTINCT CORPORATION
020 B000004 13-3443395
020 C000004 60
020 A000005 OPPENHEIMER & CO., INC.
020 B000005 13-2798343
020 C000005 18
020 A000006 JOSEPHTAL LYON & ROSS, INC.
020 B000006 13-1850914
020 C000006 17
020 A000007 WILSHIRE ASSOCIATES
020 B000007 95-2755361
020 C000007 13
020 A000008 LIPPER ANALYTICAL SECURITIES CORP.
020 B000008 13-2792478
020 C000008 13
020 A000009 BLOOMBERG TRADING LLC
020 B000009 13-3417984
020 C000009 7
020 A000010 JEFFRIES & CO., INC.
020 B000010 95-2622900
020 C000010 4
021 000000 465
022 A000001 STATE STREET BANK & TRUST CO.
022 B000001 04-1867445
022 C000001 1059087
022 D000001 0
022 A000002 SCHWAB, CHARLES & CO.
022 B000002 94-1737782
022 C000002 5062
022 D000002 3626
022 A000003 KNIGHT SECURITIES, INC.
022 B000003 52-2105131
022 C000003 5746
<PAGE> PAGE 3
022 D000003 2017
022 A000004 HERZOG, HEINE, GEDULD INC.
022 B000004 13-1955436
022 C000004 6042
022 D000004 1622
022 A000005 TROSTER SINGER STEVENS ROTHCHILD CORP.
022 B000005 13-5515160
022 C000005 3063
022 D000005 4072
022 A000006 JEFFRIES & CO., INC.
022 B000006 95-2622900
022 C000006 6116
022 D000006 779
022 A000007 SHERWOOD SECURITIES
022 B000007 13-2616318
022 C000007 1880
022 D000007 2956
022 A000008 COUNTRYWIDE FINANCIAL
022 B000008 95-3667085
022 C000008 2383
022 D000008 626
022 A000009 CANTOR FITZGERALD PARTNERS
022 B000009 13-3680182
022 C000009 888
022 D000009 919
022 A000010 ROBINSON HUMPHREY CO.
022 B000010 58-1472560
022 C000010 1522
022 D000010 0
023 C000000 1091789
023 D000000 16617
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
034 00AA00 N
035 00AA00 0
036 B00AA00 0
077 A000000 Y
077 B000000 Y
077 K000000 Y
077 Q030000 Y
078 000000 N
080 A00AA00 CHUBB INSURANCE COMPANY
080 C00AA00 1250
081 A00AA00 N
081 B00AA00 0
082 A00AA00 Y
082 B00AA00 10
028 A010100 7059
<PAGE> PAGE 4
028 A020100 0
028 A030100 0
028 A040100 5092
028 B010100 10275
028 B020100 0
028 B030100 0
028 B040100 6393
028 C010100 21906
028 C020100 0
028 C030100 0
028 C040100 6330
028 D010100 10859
028 D020100 0
028 D030100 0
028 D040100 7509
028 E010100 5691
028 E020100 0
028 E030100 0
028 E040100 12226
028 F010100 21343
028 F020100 10433
028 F030100 0
028 F040100 15017
028 G010100 77131
028 G020100 10433
028 G030100 0
028 G040100 52567
028 H000100 0
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
071 A000100 160521
071 B000100 120249
071 C000100 214393
071 D000100 56
072 A000100 12
<PAGE> PAGE 5
072 B000100 162
072 C000100 2501
072 D000100 0
072 E000100 0
072 F000100 2184
072 G000100 0
072 H000100 0
072 I000100 145
072 J000100 46
072 K000100 0
072 L000100 116
072 M000100 7
072 N000100 14
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 22
072 S000100 30
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 17
072 X000100 2581
072 Y000100 25
072 Z000100 107
072AA000100 30663
072BB000100 20130
072CC010100 0
072CC020100 3506
072DD010100 108
072DD020100 0
072EE000100 10547
073 A010100 0.0054
073 A020100 0.0000
073 B000100 0.5181
073 C000100 0.0000
074 A000100 0
074 B000100 9209
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 240747
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 1828
074 L000100 211
074 M000100 0
074 N000100 251995
074 O000100 0
<PAGE> PAGE 6
074 P000100 478
074 Q000100 0
074 R010100 288
074 R020100 0
074 R030100 0
074 R040100 0
074 S000100 0
074 T000100 251229
074 U010100 21355
074 U020100 0
074 V010100 11.76
074 V020100 0.00
074 W000100 0.0000
074 X000100 2006
074 Y000100 0
075 A000100 0
075 B000100 218390
076 000100 0.00
083 A000100 N
083 B000100 0
084 A000100 N
084 B000100 0
085 A000100 Y
085 B000100 N
028 A010200 597
028 A020200 0
028 A030200 0
028 A040200 1508
028 B010200 499
028 B020200 0
028 B030200 0
028 B040200 2029
028 C010200 373
028 C020200 507
028 C030200 0
028 C040200 1788
028 D010200 155
028 D020200 0
028 D030200 0
028 D040200 2307
028 E010200 277
028 E020200 0
028 E030200 0
028 E040200 1892
028 F010200 384
028 F020200 4872
028 F030200 0
028 F040200 1842
028 G010200 2285
028 G020200 5379
028 G030200 0
<PAGE> PAGE 7
028 G040200 11366
028 H000200 0
062 A000200 N
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 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 29446
071 B000200 78913
071 C000200 88778
071 D000200 33
072 A000200 12
072 B000200 2425
072 C000200 756
072 D000200 0
072 E000200 0
072 F000200 673
072 G000200 0
072 H000200 0
072 I000200 58
072 J000200 33
072 K000200 0
072 L000200 6
072 M000200 3
072 N000200 17
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 15
072 S000200 16
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 20
072 X000200 841
072 Y000200 0
072 Z000200 2340
072AA000200 10002
<PAGE> PAGE 8
072BB000200 5268
072CC010200 0
072CC020200 7599
072DD010200 2340
072DD020200 4347
072EE000200 0
073 A010200 0.1525
073 A020200 0.0000
073 B000200 1.1620
073 C000200 0.0000
074 A000200 0
074 B000200 2761
074 C000200 998
074 D000200 29246
074 E000200 0
074 F000200 44264
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 536
074 M000200 0
074 N000200 77805
074 O000200 0
074 P000200 538
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 98
074 S000200 0
074 T000200 77169
074 U010200 3952
074 U020200 0
074 V010200 19.53
074 V020200 0.00
074 W000200 0.0000
074 X000200 687
074 Y000200 0
075 A000200 0
075 B000200 89772
076 000200 0.00
083 A000200 N
083 B000200 0
084 A000200 N
084 B000200 0
085 A000200 Y
085 B000200 N
028 A010300 308
028 A020300 0
<PAGE> PAGE 9
028 A030300 0
028 A040300 692
028 B010300 36
028 B020300 0
028 B030300 0
028 B040300 473
028 C010300 195
028 C020300 83
028 C030300 0
028 C040300 418
028 D010300 242
028 D020300 0
028 D030300 0
028 D040300 438
028 E010300 47
028 E020300 0
028 E030300 0
028 E040300 62
028 F010300 377
028 F020300 186
028 F030300 0
028 F040300 51
028 G010300 1205
028 G020300 269
028 G030300 0
028 G040300 2134
028 H000300 0
062 A000300 Y
062 B000300 0.0
062 C000300 3.3
062 D000300 2.8
062 E000300 0.0
062 F000300 2.6
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 47.8
062 M000300 0.0
062 N000300 3.2
062 O000300 0.0
062 P000300 38.5
062 Q000300 0.0
062 R000300 0.0
063 A000300 372
063 B000300 0.0
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
<PAGE> PAGE 10
069 000300 N
071 A000300 3043
071 B000300 2999
071 C000300 6883
071 D000300 44
072 A000300 12
072 B000300 503
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 32
072 G000300 0
072 H000300 0
072 I000300 9
072 J000300 2
072 K000300 0
072 L000300 0
072 M000300 0
072 N000300 21
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 5
072 S000300 1
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 14
072 X000300 84
072 Y000300 74
072 Z000300 493
072AA000300 0
072BB000300 63
072CC010300 0
072CC020300 112
072DD010300 493
072DD020300 0
072EE000300 0
073 A010300 0.6251
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 213
074 C000300 601
074 D000300 6739
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
<PAGE> PAGE 11
074 J000300 0
074 K000300 44
074 L000300 127
074 M000300 0
074 N000300 7724
074 O000300 0
074 P000300 1
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 30
074 S000300 0
074 T000300 7693
074 U010300 784
074 U020300 0
074 V010300 9.81
074 V020300 0.00
074 W000300 0.0000
074 X000300 124
074 Y000300 0
075 A000300 0
075 B000300 8073
076 000300 0.00
083 A000300 N
083 B000300 0
084 A000300 N
084 B000300 0
085 A000300 Y
085 B000300 N
028 A010400 352
028 A020400 0
028 A030400 0
028 A040400 2682
028 B010400 345
028 B020400 0
028 B030400 0
028 B040400 2194
028 C010400 1040
028 C020400 0
028 C030400 0
028 C040400 2361
028 D010400 276
028 D020400 0
028 D030400 0
028 D040400 2929
028 E010400 131
028 E020400 0
028 E030400 0
028 E040400 2379
028 F010400 190
<PAGE> PAGE 12
028 F020400 7706
028 F030400 0
028 F040400 6230
028 G010400 2334
028 G020400 7706
028 G030400 0
028 G040400 18775
028 H000400 0
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
071 A000400 50576
071 B000400 88418
071 C000400 99846
071 D000400 51
072 A000400 12
072 B000400 48
072 C000400 1539
072 D000400 0
072 E000400 0
072 F000400 918
072 G000400 0
072 H000400 0
072 I000400 47
072 J000400 34
072 K000400 0
072 L000400 6
072 M000400 4
072 N000400 22
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 13
072 S000400 18
072 T000400 0
072 U000400 0
<PAGE> PAGE 13
072 V000400 0
072 W000400 8
072 X000400 1070
072 Y000400 0
072 Z000400 517
072AA000400 16199
072BB000400 8924
072CC010400 0
072CC020400 8248
072DD010400 515
072DD020400 0
072EE000400 7241
073 A010400 0.1097
073 A020400 0.0000
073 B000400 1.5374
073 C000400 0.0000
074 A000400 0
074 B000400 24
074 C000400 0
074 D000400 0
074 E000400 0
074 F000400 82356
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 811
074 K000400 4
074 L000400 79
074 M000400 0
074 N000400 83274
074 O000400 0
074 P000400 105
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 105
074 S000400 0
074 T000400 83064
074 U010400 5172
074 U020400 0
074 V010400 16.06
074 V020400 0.00
074 W000400 0.0000
074 X000400 469
074 Y000400 0
075 A000400 0
075 B000400 102029
076 000400 0.00
083 A000400 N
083 B000400 0
<PAGE> PAGE 14
084 A000400 N
084 B000400 0
085 A000400 Y
085 B000400 N
SIGNATURE CYNTHIA RUZIC
TITLE ATTORNEY
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802209
<NAME> ECLIPSE FUNDS
<SERIES>
<NUMBER> 1
<NAME> ECLIPSE SMALL CAP VALUE FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 237,893,371
<INVESTMENTS-AT-VALUE> 249,955,782
<RECEIVABLES> 2,039,584
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 251,995,366
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 766,372
<TOTAL-LIABILITIES> 766,372
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 239,181,242
<SHARES-COMMON-STOCK> 21,354,815
<SHARES-COMMON-PRIOR> 16,894,905
<ACCUMULATED-NII-CURRENT> 78
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (14,659)
<ACCUM-APPREC-OR-DEPREC> 12,062,411
<NET-ASSETS> 251,243,731
<DIVIDEND-INCOME> 2,500,519
<INTEREST-INCOME> 161,980
<OTHER-INCOME> 0
<EXPENSES-NET> 2,555,475
<NET-INVESTMENT-INCOME> 107,024
<REALIZED-GAINS-CURRENT> 10,533,110
<APPREC-INCREASE-CURRENT> (3,506,401)
<NET-CHANGE-FROM-OPS> 7,133,733
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (107,102)
<DISTRIBUTIONS-OF-GAINS> (10,533,110)
<DISTRIBUTIONS-OTHER> (14,659)
<NUMBER-OF-SHARES-SOLD> 12,242,388
<NUMBER-OF-SHARES-REDEEMED> (8,869,351)
<SHARES-REINVESTED> 904,873
<NET-CHANGE-IN-ASSETS> 49,736,917
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,183,901
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,581,360
<AVERAGE-NET-ASSETS> 218,390,122
<PER-SHARE-NAV-BEGIN> 11.930
<PER-SHARE-NII> 0.010
<PER-SHARE-GAIN-APPREC> 0.350
<PER-SHARE-DIVIDEND> (0.010)
<PER-SHARE-DISTRIBUTIONS> (0.520)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.760
<EXPENSE-RATIO> 1.181
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802209
<NAME> ECLIPSE FUNDS
<SERIES>
<NUMBER> 2
<NAME> ECLIPSE BALANCED FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 76,510,094
<INVESTMENTS-AT-VALUE> 77,269,292
<RECEIVABLES> 535,986
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 77,805,278
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 636,562
<TOTAL-LIABILITIES> 636,562
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 76,409,401
<SHARES-COMMON-STOCK> 3,952,272
<SHARES-COMMON-PRIOR> 6,031,225
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 117
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 759,198
<NET-ASSETS> 77,168,716
<DIVIDEND-INCOME> 755,530
<INTEREST-INCOME> 2,425,397
<OTHER-INCOME> 0
<EXPENSES-NET> 841,380
<NET-INVESTMENT-INCOME> 2,339,547
<REALIZED-GAINS-CURRENT> 4,734,333
<APPREC-INCREASE-CURRENT> (7,598,879)
<NET-CHANGE-FROM-OPS> (524,999)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,339,547)
<DISTRIBUTIONS-OF-GAINS> (4,347,341)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 338,099
<NUMBER-OF-SHARES-REDEEMED> (2,752,988)
<SHARES-REINVESTED> 335,936
<NET-CHANGE-IN-ASSETS> (51,696,565)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (474,892)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 673,283
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 841,380
<AVERAGE-NET-ASSETS> 89,771,674
<PER-SHARE-NAV-BEGIN> 21.370
<PER-SHARE-NII> 0.580
<PER-SHARE-GAIN-APPREC> (0.680)
<PER-SHARE-DIVIDEND> (0.580)
<PER-SHARE-DISTRIBUTIONS> (1.160)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 19.530
<EXPENSE-RATIO> 0.937
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802209
<NAME> ECLIPSE FUNDS
<SERIES>
<NUMBER> 3
<NAME> ECLIPSE ULTRA SHORT TERM INCOME FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 7,665,621
<INVESTMENTS-AT-VALUE> 7,553,176
<RECEIVABLES> 164,711
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 7,717,887
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24,828
<TOTAL-LIABILITIES> 24,828
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,955,684
<SHARES-COMMON-STOCK> 784,243
<SHARES-COMMON-PRIOR> 869,387
<ACCUMULATED-NII-CURRENT> 132
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (150,312)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (112,445)
<NET-ASSETS> 7,693,059
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 502,967
<OTHER-INCOME> 0
<EXPENSES-NET> 9,694
<NET-INVESTMENT-INCOME> 493,273
<REALIZED-GAINS-CURRENT> (63,145)
<APPREC-INCREASE-CURRENT> (102,180)
<NET-CHANGE-FROM-OPS> (165,325)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (493,141)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 262,088
<NUMBER-OF-SHARES-REDEEMED> (393,157)
<SHARES-REINVESTED> 45,925
<NET-CHANGE-IN-ASSETS> (1,027,516)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (87,167)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 32,290
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 84,427
<AVERAGE-NET-ASSETS> 8,072,643
<PER-SHARE-NAV-BEGIN> 10.030
<PER-SHARE-NII> 0.630
<PER-SHARE-GAIN-APPREC> (0.220)
<PER-SHARE-DIVIDEND> (0.630)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.810
<EXPENSE-RATIO> 0.120
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000802209
<NAME> ECLIPSE FUNDS
<SERIES>
<NUMBER> 4
<NAME> ECLIPSE MID CAP VALUE FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 79,654,283
<INVESTMENTS-AT-VALUE> 82,380,233
<RECEIVABLES> 893,887
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 83,274,120
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 210,599
<TOTAL-LIABILITIES> 210,599
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 80,301,542
<SHARES-COMMON-STOCK> 5,172,471
<SHARES-COMMON-PRIOR> 7,022,041
<ACCUMULATED-NII-CURRENT> 2,225
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 33,804
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,725,950
<NET-ASSETS> 83,063,521
<DIVIDEND-INCOME> 1,539,413
<INTEREST-INCOME> 47,634
<OTHER-INCOME> 0
<EXPENSES-NET> 1,070,318
<NET-INVESTMENT-INCOME> 516,729
<REALIZED-GAINS-CURRENT> 7,274,847
<APPREC-INCREASE-CURRENT> (8,247,636)
<NET-CHANGE-FROM-OPS> (456,060)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (514,504)
<DISTRIBUTIONS-OF-GAINS> (7,241,043)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 550,008
<NUMBER-OF-SHARES-REDEEMED> (2,887,891)
<SHARES-REINVESTED> 488,313
<NET-CHANGE-IN-ASSETS> (41,461,863)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 918,205
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,070,318
<AVERAGE-NET-ASSETS> 102,028,912
<PER-SHARE-NAV-BEGIN> 17.730
<PER-SHARE-NII> 0.110
<PER-SHARE-GAIN-APPREC> (0.130)
<PER-SHARE-DIVIDEND> (0.110)
<PER-SHARE-DISTRIBUTIONS> (1.540)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 16.060
<EXPENSE-RATIO> 1.049
</TABLE>
Attachment to Item 77K: Changes in Registrant's Certifying Accountant
On August 13, 1999, McGladrey & Pullen, LLP ("McGladrey") resigned as
independent accountants of the Funds pursuant to an agreement by
PricewaterhouseCoopers LLP ("PwC") to acquire McGladrey's investment company
practice. The McGladrey partners and professionals serving the Funds at the time
of the acquisition joined PwC.
The reports of McGladrey on the financial statements of the Funds during the
past two fiscal years contained no adverse opinion or disclaimer of opinion, and
were not qualified or modified as to uncertainty, audit scope or accounting
principles.
In connection with its audits for the two most recent fiscal years and through
August 13, 1999 there were no disagreements with McGladrey on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedures, which disagreements, if not resolved to the satisfaction of
McGladrey, would have caused it to make reference to the subject matter of
disagreement in connection with its report.
On September 22, 1999, Eclipse Funds, with the approval of its Board of Trustees
and its Audit Committee, engaged PwC as its independent accountants.
<PAGE>
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street
Washington D.C. 20549
We were previously the independent accountants for the Eclipse Funds. We have
read their notification of change in independent accountants made in Item 77K of
Form N-SAR. We agree with the statements in the filing.
McGladrey & Pullen, LLP
New York, New York
Feburary 29, 2000
Report of Independent Accountants
To the Board of Trustees and Shareholders of
Eclipse Funds
In planning and performing our audit of the financial statements of Eclipse
Ultra Short Term Income Fund, Eclipse Balanced Fund, Eclipse Mid Cap Value Fund,
and Eclipse Small Cap Value Portfolio Fund, series of Eclipse Funds (the
"Funds") for the year ended December 31, 1999, we considered their internal
control, including control activities for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of Form N-SAR, not
to provide assurance on internal control.
The management of the Funds is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit pertain to the
entity's objective of preparing financial statements for external purposes that
are fairly presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or fraud may occur
and not be detected. Also, projection of any evaluation of internal control to
future periods is subject to the risk that controls may become inadequate
because of changes in conditions or that the effectiveness of their design and
operation may deteriorate.
Our consideration of internal control would not necessarily disclose all matters
in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or more
of the internal control components does not reduce to a relatively low level the
risk that misstatements caused by error or fraud in amounts that would be
material in relation to the financial statements being audited may occur and not
be detected within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no matters involving
internal control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1999.
This report is intended solely for the information and use of the Board of
Trustees, management and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other than these specified
parties.
PricewaterhouseCoopers LLP
New York, New York
January 31, 2000
