August 13, 1998
Amendment to Semi-Annual Report
International Small Cap Fund
Global Equity Fund
Retirement Income Fund
The following amends information contained in the 1998 Semi-
Annual Report to shareholders of Retirement Income Fund and
Global Equity Fund:
Retirement Income Fund
Statement of Changes in Net Assets
The net increase in net assets for the six months ended 5/31/98
should be $220,141.
Retirement Income Fund
Financial Highlights
For Retirement Income Fund A Class, the net realized and
unrealized gain on investment transactions for the period
12/01/97 to 5/31/98 should be $0.385.
For Retirement Income Fund Institutional Class, the ratio of net
investment income to average net assets for the period 12/01/97
to 5/31/98 should be 5.96%.
Global Equity Fund
Statement of Changes in Net Assets
Total proceeds from shares sold for the period 7/22/97 to
11/30/97 should be $3,006,317.