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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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SIGNATURE MICHAEL STRATTON
TITLE ACCOUNTANT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000812806
<NAME> GLOBAL ASSET ALC. FUND
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<S> <C>
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</TABLE>
