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PAGE 16
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062 R000700 0.0
063 A000700 0
063 B000700 7.6
066 A000700 N
071 A000700 30854
071 B000700 17400
071 C000700 0
071 D000700 22
072 A000700 12
072 B000700 1879
072 C000700 -6
072 D000700 0
072 E000700 0
072 F000700 66
072 G000700 155
072 H000700 0
072 I000700 38
072 J000700 5
072 K000700 0
072 L000700 0
072 M000700 2
072 N000700 29
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 0
072 S000700 0
072 T000700 164
072 U000700 1
072 V000700 0
072 W000700 52
072 X000700 512
072 Y000700 69
072 Z000700 1430
072AA000700 499
072BB000700 0
072CC010700 632
072CC020700 0
072DD010700 0
072DD020700 0
072EE000700 0
073 A010700 0.1900
073 A020700 0.0000
<PAGE>
PAGE 22
073 B000700 0.0000
073 C000700 0.0000
074 A000700 855
074 B000700 0
074 C000700 0
074 D000700 86353
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 0
074 M000700 2321
074 N000700 89529
074 O000700 0
074 O000700 0
074 O000700 0
074 P000700 0
074 P000700 0
074 P000700 0
074 Q000700 1365
074 Q000700 0
074 Q000700 88164
074 R010700 8956
074 R010700 2
074 R010700 9.84
074 R020700 9.84
074 R020700 0.0000
074 R020700 3078
074 R030700 0
074 R030700 0
074 R030700 0
074 R040700 44
074 R040700 0
074 R040700 0
074 S000700 0
074 S000700 0
074 S000700 0
074 T000700 52088
074 T000700 0
074 T000700 0
074 U010700 5404
074 U010700 0
074 U010700 0
074 U020700 0
074 U020700 0
074 U020700 0
074 V010700 9.64
074 V010700 0.00
<PAGE>
PAGE 23
074 V010700 0.00
074 V020700 0.00
074 V020700 0.00
074 V020700 0.00
074 W000700 0.0000
074 W000700 0.0000
074 W000700 0.0000
074 X000700 99
074 X000700 0
074 X000700 0
074 Y000700 0
074 Y000700 0
074 Y000700 0
075 A000700 0
075 B000700 996030
076 000700 0.00
SIGNATURE ALEX BOGAENKO
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> Government Securities Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 30,770,682
<INVESTMENTS-AT-VALUE> 31,444,927
<RECEIVABLES> 4,497,527
<ASSETS-OTHER> 261,762
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 36,204,216
<PAYABLE-FOR-SECURITIES> 4,188,122
<SENIOR-LONG-TERM-DEBT> 90,961
<OTHER-ITEMS-LIABILITIES> 257,272
<TOTAL-LIABILITIES> 4,536,355
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 31,236,315
<SHARES-COMMON-STOCK> 2,905,580
<SHARES-COMMON-PRIOR> 2,933,808
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 3,511
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 239,188
<ACCUM-APPREC-OR-DEPREC> 674,245
<NET-ASSETS> 31,667,861
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,023,422
<OTHER-INCOME> 0
<EXPENSES-NET> 157,703
<NET-INVESTMENT-INCOME> 865,719
<REALIZED-GAINS-CURRENT> 173,481
<APPREC-INCREASE-CURRENT> 65,849
<NET-CHANGE-FROM-OPS> 1,105,049
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 869,230
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 57,840
<NUMBER-OF-SHARES-REDEEMED> 75,819
<SHARES-REINVESTED> 161,887
<NET-CHANGE-IN-ASSETS> (71,129)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 412,669
<GROSS-ADVISORY-FEES> 31,541
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 266,498
<AVERAGE-NET-ASSETS> 31,802,192
<PER-SHARE-NAV-BEGIN> 10.820
<PER-SHARE-NII> 0.296
<PER-SHARE-GAIN-APPREC> 0.081
<PER-SHARE-DIVIDEND> 0.297
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.900
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> Total Return
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 39,299,210
<INVESTMENTS-AT-VALUE> 50,636,396
<RECEIVABLES> 373,574
<ASSETS-OTHER> 204,904
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 51,214,874
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 145,734
<OTHER-ITEMS-LIABILITIES> 2,758,875
<TOTAL-LIABILITIES> 2,904,609
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35,507,560
<SHARES-COMMON-STOCK> 2,235,048
<SHARES-COMMON-PRIOR> 2,470,042
<ACCUMULATED-NII-CURRENT> 2,836
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,462,684
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,337,185
<NET-ASSETS> 48,310,265
<DIVIDEND-INCOME> 249,650
<INTEREST-INCOME> 531,909
<OTHER-INCOME> (2,585)
<EXPENSES-NET> 319,679
<NET-INVESTMENT-INCOME> 459,295
<REALIZED-GAINS-CURRENT> 1,470,154
<APPREC-INCREASE-CURRENT> 1,977,094
<NET-CHANGE-FROM-OPS> 3,906,543
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 421,871
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 80,433
<NUMBER-OF-SHARES-REDEEMED> 335,132
<SHARES-REINVESTED> 19,705
<NET-CHANGE-IN-ASSETS> (1,623,370)
<ACCUMULATED-NII-PRIOR> 689,476
<ACCUMULATED-GAINS-PRIOR> 2,025,968
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 51,146
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 403,632
<AVERAGE-NET-ASSETS> 51,582,189
<PER-SHARE-NAV-BEGIN> 20.220
<PER-SHARE-NII> 0.193
<PER-SHARE-GAIN-APPREC> 1.387
<PER-SHARE-DIVIDEND> 0.190
<PER-SHARE-DISTRIBUTIONS> 0.004
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 21.610
<EXPENSE-RATIO> 1.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> Tax-Exempt Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 28,953,255
<INVESTMENTS-AT-VALUE> 30,499,662
<RECEIVABLES> 578,960
<ASSETS-OTHER> 537,322
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 31,615,944
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 89,165
<OTHER-ITEMS-LIABILITIES> 47,442
<TOTAL-LIABILITIES> 136,607
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 29,898,078
<SHARES-COMMON-STOCK> 2,496,559
<SHARES-COMMON-PRIOR> 2,490,289
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 9,888
<ACCUMULATED-NET-GAINS> 44,741
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,546,406
<NET-ASSETS> 31,479,337
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 818,443
<OTHER-INCOME> 0
<EXPENSES-NET> 154,521
<NET-INVESTMENT-INCOME> 663,922
<REALIZED-GAINS-CURRENT> 44,757
<APPREC-INCREASE-CURRENT> 66,001
<NET-CHANGE-FROM-OPS> 774,680
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 663,150
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 173,419
<NUMBER-OF-SHARES-REDEEMED> 215,720
<SHARES-REINVESTED> 48,571
<NET-CHANGE-IN-ASSETS> 190,844
<ACCUMULATED-NII-PRIOR> 825,189
<ACCUMULATED-GAINS-PRIOR> 88,323
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 30,905
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 260,140
<AVERAGE-NET-ASSETS> 31,160,535
<PER-SHARE-NAV-BEGIN> 12.560
<PER-SHARE-NII> 0.269
<PER-SHARE-GAIN-APPREC> 0.050
<PER-SHARE-DIVIDEND> 0.269
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.610
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> Growth & Income Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 56,684,375
<INVESTMENTS-AT-VALUE> 76,272,990
<RECEIVABLES> 2,354,078
<ASSETS-OTHER> 4,819,217
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 83,446,285
<PAYABLE-FOR-SECURITIES> 2,434,338
<SENIOR-LONG-TERM-DEBT> 171,343
<OTHER-ITEMS-LIABILITIES> 5,269,515
<TOTAL-LIABILITIES> 7,875,196
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53,407,796
<SHARES-COMMON-STOCK> 2,754,208
<SHARES-COMMON-PRIOR> 2,718,500
<ACCUMULATED-NII-CURRENT> 102,356
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,472,322
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 19,588,615
<NET-ASSETS> 75,571,089
<DIVIDEND-INCOME> 532,737
<INTEREST-INCOME> 25,527
<OTHER-INCOME> (3,678)
<EXPENSES-NET> 446,326
<NET-INVESTMENT-INCOME> 108,260
<REALIZED-GAINS-CURRENT> 2,476,937
<APPREC-INCREASE-CURRENT> 5,108,890
<NET-CHANGE-FROM-OPS> 7,694,087
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 481,547
<NUMBER-OF-SHARES-REDEEMED> 447,708
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 8,808,769
<ACCUMULATED-NII-PRIOR> 246,619
<ACCUMULATED-GAINS-PRIOR> 3,953,219
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 71,409
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 545,193
<AVERAGE-NET-ASSETS> 72,016,097
<PER-SHARE-NAV-BEGIN> 24.560
<PER-SHARE-NII> 0.039
<PER-SHARE-GAIN-APPREC> 2.841
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 27.440
<EXPENSE-RATIO> 1.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> Capital Appreciation
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 42,172,538
<INVESTMENTS-AT-VALUE> 44,097,121
<RECEIVABLES> 35,970
<ASSETS-OTHER> 1,245,356
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 45,378,447
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 113,811
<OTHER-ITEMS-LIABILITIES> 3,207,464
<TOTAL-LIABILITIES> 3,321,275
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38,710,391
<SHARES-COMMON-STOCK> 2,534,490
<SHARES-COMMON-PRIOR> 2,661,350
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 83,325
<ACCUMULATED-NET-GAINS> 1,505,523
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,924,583
<NET-ASSETS> 42,057,172
<DIVIDEND-INCOME> 179,434
<INTEREST-INCOME> 20,625
<OTHER-INCOME> (842)
<EXPENSES-NET> 282,503
<NET-INVESTMENT-INCOME> (83,286)
<REALIZED-GAINS-CURRENT> 1,510,698
<APPREC-INCREASE-CURRENT> 1,178,711
<NET-CHANGE-FROM-OPS> 2,606,123
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 173,383
<NUMBER-OF-SHARES-REDEEMED> 300,243
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 575,091
<ACCUMULATED-NII-PRIOR> 12,457
<ACCUMULATED-GAINS-PRIOR> 2,023,906
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 45,200
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 356,551
<AVERAGE-NET-ASSETS> 45,577,728
<PER-SHARE-NAV-BEGIN> 15.590
<PER-SHARE-NII> (0.031)
<PER-SHARE-GAIN-APPREC> 1.031
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 16.590
<EXPENSE-RATIO> 1.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> Global Income Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 85,609,099
<INVESTMENTS-AT-VALUE> 86,352,621
<RECEIVABLES> 1,866,960
<ASSETS-OTHER> 1,309,429
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 89,529,010
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 214,350
<OTHER-ITEMS-LIABILITIES> 1,150,836
<TOTAL-LIABILITIES> 1,365,186
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 87,479,531
<SHARES-COMMON-STOCK> 8,956,808
<SHARES-COMMON-PRIOR> 5,404,248
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 155,002
<ACCUMULATED-NET-GAINS> 406,425
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 432,870
<NET-ASSETS> 88,163,824
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,878,844
<OTHER-INCOME> (6,104)
<EXPENSES-NET> 443,187
<NET-INVESTMENT-INCOME> 1,429,553
<REALIZED-GAINS-CURRENT> 499,304
<APPREC-INCREASE-CURRENT> 631,894
<NET-CHANGE-FROM-OPS> 2,560,751
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,408,641
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 116,163
<NUMBER-OF-SHARES-REDEEMED> 349,503
<SHARES-REINVESTED> 3,785,900
<NET-CHANGE-IN-ASSETS> 36,076,257
<ACCUMULATED-NII-PRIOR> 675,358
<ACCUMULATED-GAINS-PRIOR> 8,476
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 65,658
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 511,930
<AVERAGE-NET-ASSETS> 66,201,883
<PER-SHARE-NAV-BEGIN> 9.640
<PER-SHARE-NII> 0.204
<PER-SHARE-GAIN-APPREC> 0.189
<PER-SHARE-DIVIDEND> 0.193
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.840
<EXPENSE-RATIO> 1.35
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
