<PAGE> PAGE 1
000 B000000 12/31/1999
000 C000000 0000813470
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 U
001 A000000 ADVANCE CAPITAL I, INC.
001 B000000 811-5127
001 C000000 2483508543
002 A000000 ONE TOWNE SQUARE, SUITE 444
002 B000000 SOUTHFIELD
002 C000000 MI
002 D010000 48076
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 5
007 C010100 1
007 C020100 EQUITY GROWTH FUND
007 C030100 N
007 C010200 2
007 C020200 BOND FUND
007 C030200 N
007 C010300 3
007 C020300 BALANCED FUND
007 C030300 N
007 C010400 4
007 C020400 RETIREMENT INCOME FUND
007 C030400 N
007 C010500 5
007 C020500 CORNERSTONE STOCK FUND
007 C030500 N
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 CHICAGO
013 B02AA01 IL
013 B03AA01 60601
015 A00AA01 FIFTH THIRD BANK
015 B00AA01 C
015 C01AA01 CINCINNATI
015 C02AA01 OH
015 C03AA01 45263
<PAGE> PAGE 2
015 E01AA01 X
020 A000001 INVESTMENT TECHNOLOGY GROUP, INC.
020 B000001 95-4339369
020 C000001 69
020 A000002 INSTINET
020 B000002 13-3443395
020 C000002 10
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 79
022 A000001 GRUNTAL & COMPANY
022 B000001 13-3179859
022 C000001 29701
022 D000001 4228
022 A000002 RAYMOND JAMES
022 B000002 59-1237041
022 C000002 17450
022 D000002 10667
022 A000003 PIPER JAFFREY
022 B000003 41-0953246
022 C000003 11727
022 D000003 3426
022 A000004 FREEMAN SECURITIES
022 B000004 13-2662313
022 C000004 10876
022 D000004 2736
022 A000005 BBT CAPITAL
022 B000005 54-0294670
022 C000005 7748
022 D000005 3537
022 A000006 JEFFRIES SECURITIES
022 B000006 95-2622900
022 C000006 6734
022 D000006 3325
022 A000007 FIRST ALBANY
022 B000007 14-1391446
022 C000007 6795
022 D000007 2210
022 A000008 DILLON READ
022 B000008 13-1939216
022 C000008 7452
022 D000008 0
022 A000009 CAROLINA CAPITAL
022 B000009 56-1903990
022 C000009 2669
<PAGE> PAGE 3
022 D000009 2812
022 A000010 GRANTCHESTER SECURITIES
022 B000010 13-3502273
022 C000010 2675
022 D000010 2732
023 C000000 103827
023 D000000 35673
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 FIDELITY & DEPOSIT COMPANY OF MARYLAND
080 C00AA00 750
081 A00AA00 N
081 B00AA00 0
082 A00AA00 Y
082 B00AA00 10
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
028 A010100 1574
028 A020100 0
028 A030100 0
028 A040100 564
028 B010100 1658
028 B020100 0
028 B030100 0
028 B040100 269
<PAGE> PAGE 4
028 C010100 1792
028 C020100 0
028 C030100 0
028 C040100 461
028 D010100 1685
028 D020100 0
028 D030100 0
028 D040100 636
028 E010100 1122
028 E020100 0
028 E030100 0
028 E040100 586
028 F010100 3566
028 F020100 13088
028 F030100 0
028 F040100 1070
028 G010100 11397
028 G020100 13088
028 G030100 0
028 G040100 3586
028 H000100 0
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 100
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 198
044 000100 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
070 A010100 Y
070 A020100 Y
<PAGE> PAGE 5
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 37957
071 B000100 29003
071 C000100 79488
071 D000100 36
072 A000100 12
072 B000100 29
072 C000100 281
072 D000100 0
072 E000100 0
072 F000100 556
072 G000100 0
072 H000100 0
072 I000100 0
072 J000100 23
072 K000100 0
072 L000100 6
072 M000100 3
<PAGE> PAGE 6
072 N000100 5
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 9
072 S000100 0
072 T000100 198
072 U000100 0
072 V000100 0
072 W000100 16
072 X000100 816
072 Y000100 0
072 Z000100 -506
072AA000100 13485
072BB000100 0
072CC010100 23771
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 13167
073 A010100 0.0000
073 A020100 0.0000
073 B000100 3.6879
073 C000100 0.0000
074 A000100 204
074 B000100 1326
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 113525
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 257
074 K000100 0
074 L000100 24
074 M000100 7
074 N000100 115343
074 O000100 749
074 P000100 63
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 16
074 S000100 0
074 T000100 114515
074 U010100 4332
074 U020100 0
074 V010100 26.43
074 V020100 0.00
<PAGE> PAGE 7
074 W000100 0.0000
074 X000100 2481
074 Y000100 0
075 A000100 0
075 B000100 80087
076 000100 0.00
028 A010200 4473
028 A020200 52
028 A030200 0
028 A040200 183
028 B010200 3547
028 B020200 75
028 B030200 0
028 B040200 87
028 C010200 5032
028 C020200 106
028 C030200 0
028 C040200 156
028 D010200 4988
028 D020200 133
028 D030200 0
028 D040200 132
028 E010200 3625
028 E020200 164
028 E030200 0
028 E040200 213
028 F010200 5425
028 F020200 190
028 F030200 0
028 F040200 215
028 G010200 27090
028 G020200 720
028 G030200 0
028 G040200 986
028 H000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 Y
041 000200 Y
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 100
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 24
044 000200 0
062 A000200 Y
<PAGE> PAGE 8
062 B000200 0.0
062 C000200 0.0
062 D000200 0.3
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 3.3
062 N000200 0.0
062 O000200 0.0
062 P000200 94.0
062 Q000200 0.0
062 R000200 2.4
063 A000200 0
063 B000200 13.4
064 A000200 N
064 B000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 N
070 O020200 N
<PAGE> PAGE 9
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 35090
071 B000200 4141
071 C000200 12769
071 D000200 32
072 A000200 12
072 B000200 983
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 52
072 G000200 0
072 H000200 0
072 I000200 0
072 J000200 6
072 K000200 0
072 L000200 1
072 M000200 0
072 N000200 10
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 1
072 S000200 0
072 T000200 24
072 U000200 0
072 V000200 0
072 W000200 3
072 X000200 97
072 Y000200 0
072 Z000200 887
072AA000200 0
072BB000200 59
072CC010200 0
072CC020200 1138
072DD010200 887
072DD020200 0
072EE000200 0
073 A010200 0.7489
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 64
074 B000200 101
074 C000200 0
074 D000200 33438
<PAGE> PAGE 10
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 782
074 M000200 2
074 N000200 34387
074 O000200 0
074 P000200 11
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 14
074 S000200 0
074 T000200 34362
074 U010200 3588
074 U020200 0
074 V010200 9.58
074 V020200 0.00
074 W000200 0.0000
074 X000200 399
074 Y000200 0
075 A000200 0
075 B000200 13355
076 000200 0.00
028 A010300 5462
028 A020300 308
028 A030300 0
028 A040300 1299
028 B010300 4696
028 B020300 427
028 B030300 0
028 B040300 1171
028 C010300 4923
028 C020300 421
028 C030300 0
028 C040300 1650
028 D010300 4290
028 D020300 405
028 D030300 0
028 D040300 1188
028 E010300 3263
028 E020300 431
028 E030300 0
028 E040300 1361
028 F010300 5695
028 F020300 9499
<PAGE> PAGE 11
028 F030300 0
028 F040300 1999
028 G010300 28329
028 G020300 11491
028 G030300 0
028 G040300 8668
028 H000300 0
042 A000300 0
042 B000300 0
042 C000300 0
042 D000300 100
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 357
044 000300 0
062 A000300 N
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 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
070 A010300 Y
070 A020300 Y
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
<PAGE> PAGE 12
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 N
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 N
070 N020300 N
070 O010300 N
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 68400
071 B000300 33491
071 C000300 140949
071 D000300 24
072 A000300 12
072 B000300 4414
072 C000300 1312
072 D000300 0
072 E000300 0
072 F000300 1001
072 G000300 0
072 H000300 0
072 I000300 0
072 J000300 39
072 K000300 0
072 L000300 11
072 M000300 5
072 N000300 10
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 16
072 S000300 1
072 T000300 357
072 U000300 0
072 V000300 0
072 W000300 33
072 X000300 1473
072 Y000300 0
072 Z000300 4253
072AA000300 9153
<PAGE> PAGE 13
072BB000300 0
072CC010300 0
072CC020300 1369
072DD010300 4253
072DD020300 0
072EE000300 9151425
073 A010300 0.5136
073 A020300 0.0000
073 B000300 1.1053
073 C000300 0.0000
074 A000300 146
074 B000300 404
074 C000300 0
074 D000300 66476
074 E000300 0
074 F000300 100864
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 93
074 K000300 0
074 L000300 1496
074 M000300 11
074 N000300 169490
074 O000300 143
074 P000300 99
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 32
074 S000300 0
074 T000300 169216
074 U010300 9940
074 U020300 0
074 V010300 17.02
074 V020300 0.00
074 W000300 0.0000
074 X000300 2054
074 Y000300 0
075 A000300 0
075 B000300 143095
076 000300 0.00
028 A010400 1286
028 A020400 1279
028 A030400 0
028 A040400 1673
028 B010400 311
028 B020400 1292
028 B030400 0
028 B040400 1915
<PAGE> PAGE 14
028 C010400 446
028 C020400 1290
028 C030400 0
028 C040400 1980
028 D010400 422
028 D020400 1266
028 D030400 0
028 D040400 1816
028 E010400 585
028 E020400 1290
028 E030400 0
028 E040400 2525
028 F010400 659
028 F020400 1273
028 F030400 0
028 F040400 2006
028 G010400 3709
028 G020400 7690
028 G030400 0
028 G040400 11915
028 H000400 0
042 A000400 0
042 B000400 0
042 C000400 0
042 D000400 100
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 546
044 000400 0
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.3
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 0.5
062 N000400 0.0
062 O000400 0.0
062 P000400 97.2
062 Q000400 0.0
062 R000400 2.0
063 A000400 0
063 B000400 14.6
<PAGE> PAGE 15
064 A000400 N
064 B000400 N
070 A010400 Y
070 A020400 Y
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 Y
070 K010400 N
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 N
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 49360
071 B000400 38107
071 C000400 213056
071 D000400 18
072 A000400 12
072 B000400 17193
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 1091
072 G000400 0
072 H000400 0
072 I000400 0
<PAGE> PAGE 16
072 J000400 13
072 K000400 0
072 L000400 22
072 M000400 7
072 N000400 5
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 26
072 S000400 1
072 T000400 546
072 U000400 0
072 V000400 0
072 W000400 66
072 X000400 1777
072 Y000400 0
072 Z000400 15417
072AA000400 0
072BB000400 1025
072CC010400 0
072CC020400 19552
072DD010400 15417
072DD020400 0
072EE000400 0
073 A010400 0.7119
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 48
074 B000400 643
074 C000400 0
074 D000400 204890
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 4347
074 M000400 1
074 N000400 209929
074 O000400 0
074 P000400 91
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 47
074 S000400 0
074 T000400 209791
<PAGE> PAGE 17
074 U010400 21827
074 U020400 0
074 V010400 9.61
074 V020400 0.00
074 W000400 0.0000
074 X000400 1509
074 Y000400 0
075 A000400 0
075 B000400 218351
076 000400 0.00
028 A010500 3263
028 A020500 0
028 A030500 0
028 A040500 96
028 B010500 3096
028 B020500 0
028 B030500 0
028 B040500 114
028 C010500 3143
028 C020500 0
028 C030500 0
028 C040500 123
028 D010500 3020
028 D020500 0
028 D030500 0
028 D040500 58
028 E010500 2713
028 E020500 0
028 E030500 0
028 E040500 118
028 F010500 4872
028 F020500 30
028 F030500 0
028 F040500 463
028 G010500 20107
028 G020500 30
028 G030500 0
028 G040500 972
028 H000500 0
042 A000500 0
042 B000500 0
042 C000500 0
042 D000500 100
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 68
044 000500 0
062 A000500 N
062 B000500 0.0
<PAGE> PAGE 18
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
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 Y
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 N
070 N020500 N
070 O010500 N
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
<PAGE> PAGE 19
070 R020500 N
071 A000500 38764
071 B000500 2040
071 C000500 26775
071 D000500 8
072 A000500 12
072 B000500 16
072 C000500 225
072 D000500 0
072 E000500 0
072 F000500 109
072 G000500 0
072 H000500 0
072 I000500 0
072 J000500 10
072 K000500 0
072 L000500 2
072 M000500 1
072 N000500 12
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 2
072 S000500 0
072 T000500 68
072 U000500 0
072 V000500 0
072 W000500 6
072 X000500 210
072 Y000500 0
072 Z000500 31
072AA000500 0
072BB000500 51
072CC010500 8044
072CC020500 0
072DD010500 31
072DD020500 0
072EE000500 0
073 A010500 0.0135
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 212
074 B000500 1320
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 52007
074 G000500 0
074 H000500 0
074 I000500 0
<PAGE> PAGE 20
074 J000500 0
074 K000500 0
074 L000500 22
074 M000500 1
074 N000500 53562
074 O000500 1176
074 P000500 17
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 14
074 S000500 0
074 T000500 52355
074 U010500 3864
074 U020500 0
074 V010500 13.55
074 V020500 0.00
074 W000500 0.0000
074 X000500 1149
074 Y000500 0
075 A000500 0
075 B000500 27096
076 000500 0.00
SIGNATURE ROBERT J. CAPPELLI
TITLE VICE PRES-TREASURER
<PAGE>
Item 77B:Attachment
Accountant's Report on Internal Control
REPORT OF INDEPENDENT ACCOUNTANTS
To the Shareholders and Board of Directors of
Advance Capital I, Inc.
In planning and performing our audit of the financial statements
and financial highlights of Advance Capital I, Inc. (being
comprised of Equity Growth Fund, Bond Fund, Balanced Fund,
Retirement Income Fund and Cornerstone Stock Fund, hereafter
referred to as the "Fund") for the year ended December 31, 1999
we considered the Fund's internal control, including control
activities for safeguarding securities, in order to determine our
auditing procedures for the purposes of expressing our opinion on
the financial statements and financial highlights and to comply
with the requirements of Form N-SAR, and not to provide assurance
on the internal control structure.
The management of the Fund is responsible for establishing and
maintaining an 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 and financial highlights 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 and financial highlights 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 Directors, 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
February 9, 2000
<PAGE>
Item 77C:Attachment
Matters submitted to a vote of security holders
ADDITIONAL INFORMATION (Unaudited)
RESULTS OF ANNUAL SHAREHOLDER VOTE
An Annual Meeting of Shareholders of the COMPANY was held
at the Novi Hilton, 21111 Haggerty Road, Novi, Michigan, on
July 23, 1999 for the following purposes:
1. To elect five Directors to hold office until the next
Annual Meeting of Shareholders or until their successors
have been elected and qualified.
Directors Elected at Meeting Votes For
---------------------------- ---------
Joseph A. Ahern 22,435,557
Richard W. Holtcamp 22,312,798
Harry Kalajian 22,403,630
John C. Shoemaker 22,435,557
Frank R. Zimmerman 22,328,245
2. To ratify the selection of PricewaterhouseCoopers LLP
as independent accountants of the COMPANY for the fiscal
year ending December 31, 1999.
Votes For: 22,324,035
Votes Against: 29,313
Votes to Abstain: 170,175
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 001
<NAME> EQUITY GROWTH FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 62,067,026
<INVESTMENTS-AT-VALUE> 115,055,252
<RECEIVABLES> 280,875
<ASSETS-OTHER> 6,433
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 115,342,560
<PAYABLE-FOR-SECURITIES> 749,279
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 78,381
<TOTAL-LIABILITIES> 827,660
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 61,508,419
<SHARES-COMMON-STOCK> 4,332,261
<SHARES-COMMON-PRIOR> 3,394,756
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 18,255
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 52,988,226
<NET-ASSETS> 114,514,900
<DIVIDEND-INCOME> 280,812
<INTEREST-INCOME> 29,375
<OTHER-INCOME> 0
<EXPENSES-NET> 816,292
<NET-INVESTMENT-INCOME> (506,105)
<REALIZED-GAINS-CURRENT> 13,484,885
<APPREC-INCREASE-CURRENT> 23,771,361
<NET-CHANGE-FROM-OPS> 36,750,141
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 13,167,056
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 778,469
<NUMBER-OF-SHARES-REDEEMED> 361,372
<SHARES-REINVESTED> 520,408
<NET-CHANGE-IN-ASSETS> 46,454,144
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (299,574)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 555,760
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 816,292
<AVERAGE-NET-ASSETS> 80,086,621
<PER-SHARE-NAV-BEGIN> 20.05
<PER-SHARE-NII> (.14)
<PER-SHARE-GAIN-APPREC> 10.01
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (3.49)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 26.43
<EXPENSE-RATIO> 1.02
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 002
<NAME> BOND FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 34,492,551
<INVESTMENTS-AT-VALUE> 33,603,613
<RECEIVABLES> 781,559
<ASSETS-OTHER> 2,425
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 34,387,597
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 25,861
<TOTAL-LIABILITIES> 25,861
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35,309,913
<SHARES-COMMON-STOCK> 3,587,559
<SHARES-COMMON-PRIOR> 352,744
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (59,239)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (888,938)
<NET-ASSETS> 34,361,736
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 983,475
<OTHER-INCOME> 0
<EXPENSES-NET> 96,930
<NET-INVESTMENT-INCOME> 886,545
<REALIZED-GAINS-CURRENT> (59,239)
<APPREC-INCREASE-CURRENT> (1,137,880)
<NET-CHANGE-FROM-OPS> (310,574)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 886,545
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,299,723
<NUMBER-OF-SHARES-REDEEMED> 151,307
<SHARES-REINVESTED> 86,399
<NET-CHANGE-IN-ASSETS> 30,615,554
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 51,730
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 96,930
<AVERAGE-NET-ASSETS> 13,355,233
<PER-SHARE-NAV-BEGIN> 10.62
<PER-SHARE-NII> .75
<PER-SHARE-GAIN-APPREC> (1.04)
<PER-SHARE-DIVIDEND> (.75)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.58
<EXPENSE-RATIO> .73
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 003
<NAME> BALANCED FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 130,732,241
<INVESTMENTS-AT-VALUE> 167,890,568
<RECEIVABLES> 1,588,975
<ASSETS-OTHER> 10,758
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 169,490,301
<PAYABLE-FOR-SECURITIES> 143,448
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 130,796
<TOTAL-LIABILITIES> 274,244
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 132,055,751
<SHARES-COMMON-STOCK> 9,940,102
<SHARES-COMMON-PRIOR> 7,346,917
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,979
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 37,158,327
<NET-ASSETS> 169,216,057
<DIVIDEND-INCOME> 1,311,770
<INTEREST-INCOME> 4,413,757
<OTHER-INCOME> 0
<EXPENSES-NET> 1,472,796
<NET-INVESTMENT-INCOME> 4,252,731
<REALIZED-GAINS-CURRENT> 9,153,404
<APPREC-INCREASE-CURRENT> (1,368,898)
<NET-CHANGE-FROM-OPS> 12,037,237
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,252,731
<DISTRIBUTIONS-OF-GAINS> 9,151,425
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,778,565
<NUMBER-OF-SHARES-REDEEMED> 974,501
<SHARES-REINVESTED> 789,121
<NET-CHANGE-IN-ASSETS> 43,333,385
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,000,853
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,472,796
<AVERAGE-NET-ASSETS> 143,094,676
<PER-SHARE-NAV-BEGIN> 17.13
<PER-SHARE-NII> .51
<PER-SHARE-GAIN-APPREC> .87
<PER-SHARE-DIVIDEND> (.51)
<PER-SHARE-DISTRIBUTIONS> (.98)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.02
<EXPENSE-RATIO> 1.03
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 004
<NAME> RETIREMENT INCOME FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 214,700,917
<INVESTMENTS-AT-VALUE> 205,581,026
<RECEIVABLES> 4,347,254
<ASSETS-OTHER> 1,313
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 209,929,593
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 138,701
<TOTAL-LIABILITIES> 138,701
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 219,935,543
<SHARES-COMMON-STOCK> 21,826,738
<SHARES-COMMON-PRIOR> 20,948,191
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,024,760)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (9,119,891)
<NET-ASSETS> 209,790,892
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 17,193,925
<OTHER-INCOME> 0
<EXPENSES-NET> 1,776,604
<NET-INVESTMENT-INCOME> 15,417,321
<REALIZED-GAINS-CURRENT> (1,024,760)
<APPREC-INCREASE-CURRENT> (9,119,891)
<NET-CHANGE-FROM-OPS> (5,159,949)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 15,417,321
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,760,916
<NUMBER-OF-SHARES-REDEEMED> 2,398,897
<SHARES-REINVESTED> 1,516,528
<NET-CHANGE-IN-ASSETS> (11,430,004)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,091,252
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,776,604
<AVERAGE-NET-ASSETS> 218,350,564
<PER-SHARE-NAV-BEGIN> 10.56
<PER-SHARE-NII> .71
<PER-SHARE-GAIN-APPREC> (.95)
<PER-SHARE-DIVIDEND> (.71)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.61
<EXPENSE-RATIO> .81
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 005
<NAME> CORNERSTONE STOCK FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 45,261,780
<INVESTMENTS-AT-VALUE> 53,538,761
<RECEIVABLES> 22,126
<ASSETS-OTHER> 1,076
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 53,561,963
<PAYABLE-FOR-SECURITIES> 1,175,763
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 30,688
<TOTAL-LIABILITIES> 1,206,451
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 44,129,119
<SHARES-COMMON-STOCK> 3,863,940
<SHARES-COMMON-PRIOR> 699,280
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (50,588)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,276,981
<NET-ASSETS> 52,355,512
<DIVIDEND-INCOME> 224,712
<INTEREST-INCOME> 15,844
<OTHER-INCOME> 0
<EXPENSES-NET> 209,916
<NET-INVESTMENT-INCOME> 30,640
<REALIZED-GAINS-CURRENT> (50,588)
<APPREC-INCREASE-CURRENT> 8,276,981
<NET-CHANGE-FROM-OPS> 8,023,759
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 30,640
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,258,482
<NUMBER-OF-SHARES-REDEEMED> 96,076
<SHARES-REINVESTED> 2,254
<NET-CHANGE-IN-ASSETS> 45,039,223
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 108,733
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 209,916
<AVERAGE-NET-ASSETS> 27,095,668
<PER-SHARE-NAV-BEGIN> 10.46
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 3.09
<PER-SHARE-DIVIDEND> (.01)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.55
<EXPENSE-RATIO> .77
</TABLE>
