<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549 -------------------------------
OMB Approval
-------------------------------
FORM N-17f-2 OMB Number 3235-0360
Expires:
Certificate of Accounting of Securities Estimated average burden hours
and Similar Investments in the Custody of per response.........0.05
Management Investment Companies -------------------------------
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
--------------------------------------------------------------------------------
1. Investment Company Act File Number: Date examination completed:
June 30, 2000
811-05430
--------------------------------------------------------------------------------
2. State Identification Number: See Attachment A
--------------------------------------------------------------------------------
AL None AK Attach. AZ Attach. AR Attach. CA Attach. CO Attach.
--------------------------------------------------------------------------------
CT Attach. DE None DC None FL Attach. GA Attach. HI None
--------------------------------------------------------------------------------
ID Attach. IL Attach. IN Attach. IA Attach. KS Attach. KY Attach.
--------------------------------------------------------------------------------
LA Attach. ME Attach. MD Attach. MA None MI Attach. MN Attach.
--------------------------------------------------------------------------------
MS Attach. MO Attach. MT Attach. NE Attach. NV None NH None
--------------------------------------------------------------------------------
NJ None NM Attach. NY Attach. NC Attach. ND Attach. OH Attach.
--------------------------------------------------------------------------------
OK Attach. OR Attach. PA Attach. RI None SC Attach. SD Attach.
--------------------------------------------------------------------------------
TN Attach. TX Attach. UT Attach. VT Attach VA Attach. WA Attach.
--------------------------------------------------------------------------------
WV Attach. WI Attach. WY Attach. PR Attach.
--------------------------------------------------------------------------------
Other (specify):
3. Exact Name of Investment Company as Specified in Registration Statement:
SSgA Funds
--------------------------------------------------------------------------------
4. Address of principal executive office (number, street, city, state, zip
code): 909 A Street, Tacoma, WA 98402
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
INSTRUCTIONS
This Form must be completed by investment companies that have custody of
securities or similar investments.
Investment Company
1. All items must be completed by the investment company.
2. Give this Form to the independent public accountant who, in compliance with
Rule 17f-2 under the Act and applicable state law, examines securities and
similar investments in the custody of the investment company.
Accountant
3. Submit this Form to the Securities and Exchange Commission and appropriate
state securities administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable state law. File the
original and one copy with the Securities and Exchange Commission's
principal office in Washington, D. C., one copy with the regional office
for the region in which the investment company's principal business
operations are conducted, and one copy with the appropriate state
administrator(s), if applicable.
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
<PAGE>
SSgA FUNDS
ATTACHMENT A
TO FORM N-17f-2
June 30, 2000
================================================================================
State Fund/Portfolio File No.
----- -------------- --------
--------------------------------------------------------------------------------
Alabama Money Market (A,B,C) None
--------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) None
--------------------------------------------------------------------------------
Yield Plus None
--------------------------------------------------------------------------------
S&P 500 Index None
--------------------------------------------------------------------------------
Small Cap None
--------------------------------------------------------------------------------
Matrix Equity None
--------------------------------------------------------------------------------
US Treasury Money Market None
--------------------------------------------------------------------------------
Intermediate None
--------------------------------------------------------------------------------
Growth and Income None
--------------------------------------------------------------------------------
Prime Money Market None
--------------------------------------------------------------------------------
Emerging Markets None
--------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) None
--------------------------------------------------------------------------------
Active International None
--------------------------------------------------------------------------------
Bond Market None
--------------------------------------------------------------------------------
Life Solutions Growth None
--------------------------------------------------------------------------------
Life Solutions Balanced None
--------------------------------------------------------------------------------
Life Solutions Income and Growth None
--------------------------------------------------------------------------------
High Yield Bond None
--------------------------------------------------------------------------------
International Growth Opportunities None
--------------------------------------------------------------------------------
Tuckerman Active REIT None
--------------------------------------------------------------------------------
Special Equity None
--------------------------------------------------------------------------------
Aggressive Equity None
--------------------------------------------------------------------------------
IAM SHARES Fund None
--------------------------------------------------------------------------------
Intermediate Municipal Bond None
================================================================================
<PAGE>
================================================================================
State Fund/Portfolio File No.
----- -------------- --------
--------------------------------------------------------------------------------
Alaska Money Market (A,B,C) 99-02386
--------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) 98-04135
--------------------------------------------------------------------------------
Yield Plus 99-01103
--------------------------------------------------------------------------------
S&P 500 Index 99-02387
--------------------------------------------------------------------------------
Small Cap 97-02038
--------------------------------------------------------------------------------
Matrix Equity 99-02388
--------------------------------------------------------------------------------
US Treasury Money Market 99-02385
--------------------------------------------------------------------------------
Intermediate 00-00329
--------------------------------------------------------------------------------
Growth and Income 00-00328
--------------------------------------------------------------------------------
Prime Money Market 00-02997
--------------------------------------------------------------------------------
Emerging Markets 00-02998
--------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) 97-00392
--------------------------------------------------------------------------------
Active International 99-04042
--------------------------------------------------------------------------------
Bond Market 00-02996
--------------------------------------------------------------------------------
Life Solutions Growth 99-03693
--------------------------------------------------------------------------------
Life Solutions Balanced 99-03694
--------------------------------------------------------------------------------
Life Solutions Income and Growth 99-03692
--------------------------------------------------------------------------------
High Yield Bond 00-04006
--------------------------------------------------------------------------------
International Growth Opportunities 00-04003
--------------------------------------------------------------------------------
Tuckerman Active REIT 00-04004
--------------------------------------------------------------------------------
Special Equity 00-04005
--------------------------------------------------------------------------------
Aggressive Equity 99-01557
--------------------------------------------------------------------------------
IAM SHARES Fund 99-03734
--------------------------------------------------------------------------------
Intermediate Municipal Bond
================================================================================
<PAGE>
================================================================================
State Fund/Portfolio File No.
----- -------------- --------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Arizona Money Market - Class A S-0032725-QUAL
--------------------------------------------------------------------------------
US Govt. Money Market - Class A S-0032055-QUAL
--------------------------------------------------------------------------------
Yield Plus S-0032727-QUAL
--------------------------------------------------------------------------------
S&P 500 Index S-0032841-QUAL
--------------------------------------------------------------------------------
Small Cap S-0032842-QUAL
--------------------------------------------------------------------------------
Matrix Equity S-0032843-QUAL
--------------------------------------------------------------------------------
US Treasury Money Market S-0032728-QUAL
--------------------------------------------------------------------------------
Intermediate S-0035878-QUAL
--------------------------------------------------------------------------------
Growth and Income S-0035877-QUAL
--------------------------------------------------------------------------------
Prime Money Market S-0038468-QUAL
--------------------------------------------------------------------------------
Emerging Markets S-0038467-QUAL
--------------------------------------------------------------------------------
Tax Free Money Market - Class A S-0041515-QUAL
--------------------------------------------------------------------------------
Active International S-0044972-QUAL
--------------------------------------------------------------------------------
Bond Market S-0048186-QUAL
--------------------------------------------------------------------------------
Life Solutions Growth S-0054603-QUAL
--------------------------------------------------------------------------------
Life Solutions Balanced S-0054602-QUAL
--------------------------------------------------------------------------------
Life Solutions Income and Growth S-0054604-QUAL
--------------------------------------------------------------------------------
High Yield Bond S-0058213-QUAL
--------------------------------------------------------------------------------
International Growth Opportunities S-0058214-QUAL
--------------------------------------------------------------------------------
Tuckerman Active REIT S-0058215-QUAL
--------------------------------------------------------------------------------
Special Equity S-0058216-QUAL
--------------------------------------------------------------------------------
Aggressive Equity S-0060526-QUAL
--------------------------------------------------------------------------------
IAM SHARES Fund S-0062690-QUAL
--------------------------------------------------------------------------------
Intermediate Municipal Bond
================================================================================
<PAGE>
================================================================================
State Fund/Portfolio File No.
----- -------------- --------
--------------------------------------------------------------------------------
Arkansas Money Market (A,B,C) 93-M0042-01
--------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) 93-M0042-02
--------------------------------------------------------------------------------
Yield Plus 93-M0042-04
--------------------------------------------------------------------------------
S&P 500 Index 93-M0042-08
--------------------------------------------------------------------------------
Small Cap 93-M0042-07
--------------------------------------------------------------------------------
Matrix Equity 93-M0042-11
--------------------------------------------------------------------------------
US Treasury Money Market 93-M0042-05
--------------------------------------------------------------------------------
Intermediate 93-M0042-13
--------------------------------------------------------------------------------
Growth and Income 93-M0042-12
--------------------------------------------------------------------------------
Prime Money Market 93-M0042-09
--------------------------------------------------------------------------------
Emerging Markets 93-M0042-14
--------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) 93-M0042-10
--------------------------------------------------------------------------------
Active International 93-M0042-15
--------------------------------------------------------------------------------
Bond Market 93-M0042-16
--------------------------------------------------------------------------------
Life Solutions Growth 97-M0485-01
--------------------------------------------------------------------------------
Life Solutions Balanced 97-M0485-02
--------------------------------------------------------------------------------
Life Solutions Income and Growth 97-M0485-03
--------------------------------------------------------------------------------
High Yield Bond 93-M0042-20
--------------------------------------------------------------------------------
International Growth Opportunities 93-M0042-23
--------------------------------------------------------------------------------
Tuckerman Active REIT 93-M0042-21
--------------------------------------------------------------------------------
Special Equity 93-M0042-22
--------------------------------------------------------------------------------
Aggressive Equity 93-M0042-24
--------------------------------------------------------------------------------
IAM SHARES Fund 93-M0042-25
--------------------------------------------------------------------------------
Intermediate Municipal Bond
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
California Fund 307-8535
--------------------------------------------------------------------------------
================================================================================
<PAGE>
================================================================================
State Fund/Portfolio File No.
----- -------------- --------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Colorado Fund IC92-04-732
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Connecticut Money Market (A,B,C) 214945
--------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) 214948
--------------------------------------------------------------------------------
Yield Plus 214942
--------------------------------------------------------------------------------
S&P 500 Index 214946
--------------------------------------------------------------------------------
Small Cap 214967
--------------------------------------------------------------------------------
Matrix Equity 214944
--------------------------------------------------------------------------------
US Treasury Money Market 214943
--------------------------------------------------------------------------------
Intermediate 214950
--------------------------------------------------------------------------------
Growth and Income 214949
--------------------------------------------------------------------------------
Prime Money Market 214952
--------------------------------------------------------------------------------
Emerging Markets 214951
--------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) 214953
--------------------------------------------------------------------------------
Active International 214954
--------------------------------------------------------------------------------
Bond Market 214955
--------------------------------------------------------------------------------
Life Solutions Growth 214958
--------------------------------------------------------------------------------
Life Solutions Balanced 214956
--------------------------------------------------------------------------------
Life Solutions Income and Growth 214957
--------------------------------------------------------------------------------
High Yield Bond 214959
--------------------------------------------------------------------------------
International Growth Opportunities 214962
--------------------------------------------------------------------------------
Tuckerman Active REIT 214960
--------------------------------------------------------------------------------
Special Equity 214961
--------------------------------------------------------------------------------
Aggressive Equity 214963
--------------------------------------------------------------------------------
IAM SHARES Fund 1001738
--------------------------------------------------------------------------------
Intermediate Municipal Bond
================================================================================
<PAGE>
================================================================================
State Fund/Portfolio File No.
----- -------------- --------
--------------------------------------------------------------------------------
Delaware Money Market (A,B,C) 3282
--------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) 3287
--------------------------------------------------------------------------------
Yield Plus 3289
--------------------------------------------------------------------------------
S&P 500 Index 3284
--------------------------------------------------------------------------------
Small Cap 3285
--------------------------------------------------------------------------------
Matrix Equity 3281
--------------------------------------------------------------------------------
US Treasury Money Market 3288
--------------------------------------------------------------------------------
Intermediate 3280
--------------------------------------------------------------------------------
Growth and Income 3279
--------------------------------------------------------------------------------
Prime Money Market 3283
--------------------------------------------------------------------------------
Emerging Markets 3278
--------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) 3286
--------------------------------------------------------------------------------
Active International 3277
--------------------------------------------------------------------------------
Bond Market 4766
--------------------------------------------------------------------------------
Life Solutions Growth 5081
--------------------------------------------------------------------------------
Life Solutions Balanced 5080
--------------------------------------------------------------------------------
Life Solutions Income and Growth 5082
--------------------------------------------------------------------------------
High Yield Bond 284
--------------------------------------------------------------------------------
International Growth Opportunities 28431
--------------------------------------------------------------------------------
Tuckerman Active REIT 283
--------------------------------------------------------------------------------
Special Equity 285
--------------------------------------------------------------------------------
Aggressive Equity 654
--------------------------------------------------------------------------------
IAM SHARES Fund 26879
--------------------------------------------------------------------------------
Intermediate Municipal Bond
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
District of Columbia Fund None
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Florida Fund 32439(8)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Georgia Fund SC-17756
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Hawaii Fund None
--------------------------------------------------------------------------------
================================================================================
<PAGE>
================================================================================
State Fund/Portfolio File No.
----- -------------- --------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Idaho Money Market (A, B, C) 41645
--------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) 43070
--------------------------------------------------------------------------------
Yield Plus 42382
--------------------------------------------------------------------------------
S&P 500 Index 43170
--------------------------------------------------------------------------------
Small Cap 42065
--------------------------------------------------------------------------------
Matrix Equity 43169
--------------------------------------------------------------------------------
US Treasury Money Market 43072
--------------------------------------------------------------------------------
Intermediate 43808
--------------------------------------------------------------------------------
Growth and Income 43809
--------------------------------------------------------------------------------
Prime Money Market 44407
--------------------------------------------------------------------------------
Emerging Markets 44408
--------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) 45101
--------------------------------------------------------------------------------
Active International 45869
--------------------------------------------------------------------------------
Bond Market 46553
--------------------------------------------------------------------------------
Life Solutions Growth 48057
--------------------------------------------------------------------------------
Life Solutions Balanced 48056
--------------------------------------------------------------------------------
Life Solutions Income and Growth 48055
--------------------------------------------------------------------------------
High Yield Bond 49264
--------------------------------------------------------------------------------
International Growth Opportunities 49265
--------------------------------------------------------------------------------
Tuckerman Active REIT 49266
--------------------------------------------------------------------------------
Special Equity 49267
--------------------------------------------------------------------------------
Aggressive Equity 50027
--------------------------------------------------------------------------------
IAM SHARES Fund 50739
--------------------------------------------------------------------------------
Intermediate Municipal Bond
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Illinois Fund 9942157
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Indiana Fund 93-0052-IC
--------------------------------------------------------------------------------
================================================================================
<PAGE>
================================================================================
State Fund/Portfolio File No.
----- -------------- --------
--------------------------------------------------------------------------------
Iowa Money Market - Class A I-29044
--------------------------------------------------------------------------------
US Govt. Money Market - Class A I-29033
--------------------------------------------------------------------------------
Yield Plus I-29035
--------------------------------------------------------------------------------
S&P 500 Index I-29064
--------------------------------------------------------------------------------
Small Cap I-29063
--------------------------------------------------------------------------------
Matrix Equity I-29026
--------------------------------------------------------------------------------
US Treasury Money Market I-29036
--------------------------------------------------------------------------------
Intermediate I-30192
--------------------------------------------------------------------------------
Growth and Income I-30191
--------------------------------------------------------------------------------
Prime Money Market I-31256
--------------------------------------------------------------------------------
Emerging Markets I-31255
--------------------------------------------------------------------------------
Tax Free Money Market - Class A I-32665
--------------------------------------------------------------------------------
Active International I-34356
--------------------------------------------------------------------------------
Bond Market I-35588
--------------------------------------------------------------------------------
Life Solutions Growth I-38684
--------------------------------------------------------------------------------
Life Solutions Balanced I-38685
--------------------------------------------------------------------------------
Life Solutions Income and Growth I-38683
--------------------------------------------------------------------------------
High Yield Bond I-41327
--------------------------------------------------------------------------------
International Growth Opportunities I-41325
--------------------------------------------------------------------------------
Tuckerman Active REIT I-41326
--------------------------------------------------------------------------------
Special Equity I-41324
--------------------------------------------------------------------------------
Aggressive Equity I-42836
--------------------------------------------------------------------------------
IAM SHARES Fund I-44279
--------------------------------------------------------------------------------
Intermediate Municipal Bond
================================================================================
<PAGE>
================================================================================
State Fund/Portfolio File No.
----- -------------- --------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Kansas Money Market (A,B,C) 92S0001049
--------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) 92S0001050
--------------------------------------------------------------------------------
Yield Plus 93S0000570
--------------------------------------------------------------------------------
S&P 500 Index 92S0000453
--------------------------------------------------------------------------------
Small Cap 92S0000454
--------------------------------------------------------------------------------
Matrix Equity 92S0000452
--------------------------------------------------------------------------------
US Treasury Money Market 93S0001078
--------------------------------------------------------------------------------
Intermediate 94S0000152
--------------------------------------------------------------------------------
Growth and Income 94S0000156
--------------------------------------------------------------------------------
Prime Money Market 94S0001076
--------------------------------------------------------------------------------
Emerging Markets 94S0000913
--------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) 95S0000233
--------------------------------------------------------------------------------
Active International 95S0001220
--------------------------------------------------------------------------------
Bond Market 95S0000884
--------------------------------------------------------------------------------
Life Solutions Growth 97S0001373
--------------------------------------------------------------------------------
Life Solutions Balanced 97S0001372
--------------------------------------------------------------------------------
Life Solutions Income and Growth 97S0001374
--------------------------------------------------------------------------------
High Yield Bond 98S0001257
--------------------------------------------------------------------------------
International Growth Opportunities 98S0001258
--------------------------------------------------------------------------------
Tuckerman Active REIT 98S0001259
--------------------------------------------------------------------------------
Special Equity 98S0001260
--------------------------------------------------------------------------------
Aggressive Equity 99S0000539
--------------------------------------------------------------------------------
IAM SHARES Fund 1999S0001226
--------------------------------------------------------------------------------
Intermediate Municipal Bond
================================================================================
<PAGE>
================================================================================
State Fund/Portfolio File No.
----- -------------- --------
--------------------------------------------------------------------------------
Kentucky Money Market - Class A M30763
--------------------------------------------------------------------------------
(Registered by US Govt. Money Market - Class A M32201
--------------------------------------------------------------------------------
Prospectus) Yield Plus M30880
--------------------------------------------------------------------------------
S&P 500 Index M29033
--------------------------------------------------------------------------------
Small Cap M31242
--------------------------------------------------------------------------------
US Treasury Money Market M33346
--------------------------------------------------------------------------------
Prime Money Market M28986
--------------------------------------------------------------------------------
Emerging Markets M30197
--------------------------------------------------------------------------------
Tax Free Money Market - Class A M30882
--------------------------------------------------------------------------------
Combined Prospectus M35944
--------------------------------------------------------------------------------
IAM SHARES Fund M36839
--------------------------------------------------------------------------------
Intermediate Municipal Bond
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Louisiana Money Market - Class A 68274
--------------------------------------------------------------------------------
(Registered by US Govt. Money Market - Class A 53545
--------------------------------------------------------------------------------
Prospectus) Yield Plus 51876
--------------------------------------------------------------------------------
S&P 500 Index 60060
--------------------------------------------------------------------------------
Small Cap 53543
--------------------------------------------------------------------------------
US Treasury Money Market 53544
--------------------------------------------------------------------------------
Prime Money Market 60065
--------------------------------------------------------------------------------
Emerging Markets 54411
--------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) 52268
--------------------------------------------------------------------------------
Combined Prospectus 60402
--------------------------------------------------------------------------------
IAM SHARES Fund 68273
--------------------------------------------------------------------------------
Intermediate Municipal Bond
================================================================================
<PAGE>
================================================================================
State Fund/Portfolio File No.
----- -------------- --------
--------------------------------------------------------------------------------
Maine Money Market - Class A MF-R-99-11831
--------------------------------------------------------------------------------
US Govt. Money Market - Class A MF-98-2209
--------------------------------------------------------------------------------
Yield Plus MF-R-98-3448
--------------------------------------------------------------------------------
S&P 500 Index 98-9106
--------------------------------------------------------------------------------
Small Cap 98-9105
--------------------------------------------------------------------------------
Matrix Equity 98-9104
--------------------------------------------------------------------------------
US Treasury Money Market 97-5744
--------------------------------------------------------------------------------
Intermediate 98-767
--------------------------------------------------------------------------------
Growth and Income 98-768
--------------------------------------------------------------------------------
Prime Money Market MF-R-94-4126
--------------------------------------------------------------------------------
Emerging Markets MF-R-99-8590
--------------------------------------------------------------------------------
Tax Free Money Market - Class A 98-1670
--------------------------------------------------------------------------------
Active International 98-8220
--------------------------------------------------------------------------------
Bond Market F-R-96-5543
--------------------------------------------------------------------------------
Life Solutions Growth MF-R-0-14280
--------------------------------------------------------------------------------
Life Solutions Balanced MR-R-0-14281
--------------------------------------------------------------------------------
Life Solutions Income and Growth MF-R-0-14279
--------------------------------------------------------------------------------
High Yield Bond MF-R-0-12884
--------------------------------------------------------------------------------
International Growth Opportunities MF-R-0-12885
--------------------------------------------------------------------------------
Tuckerman Active REIT MF-R-0-12886
--------------------------------------------------------------------------------
Special Equity MF-R-0-12887
--------------------------------------------------------------------------------
Aggressive Equity MF-0-14278
--------------------------------------------------------------------------------
IAM SHARES Fund MF-R-0-13553
--------------------------------------------------------------------------------
Intermediate Municipal Bond
================================================================================
<PAGE>
================================================================================
State Fund/Portfolio File No.
----- -------------- --------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Maryland Money Market - Class A SM913346
--------------------------------------------------------------------------------
US Govt. Money Market - Class A SM910864
--------------------------------------------------------------------------------
Yield Plus SM921219
--------------------------------------------------------------------------------
S&P 500 Index SM913736
--------------------------------------------------------------------------------
Small Cap SM913737
--------------------------------------------------------------------------------
Matrix Equity SM913738
--------------------------------------------------------------------------------
US Treasury Money Market SM930132
--------------------------------------------------------------------------------
Intermediate SM931004
--------------------------------------------------------------------------------
Growth and Income SM931001
--------------------------------------------------------------------------------
Prime Money Market SM940108
--------------------------------------------------------------------------------
Emerging Markets SM940107
--------------------------------------------------------------------------------
Tax Free Money Market - Class A SM941527
--------------------------------------------------------------------------------
Active International SM950683
--------------------------------------------------------------------------------
Bond Market SM960196
--------------------------------------------------------------------------------
Life Solutions Growth SM970819
--------------------------------------------------------------------------------
Life Solutions Balanced SM970818
--------------------------------------------------------------------------------
Life Solutions Income and Growth SM970820
--------------------------------------------------------------------------------
High Yield Bond SM980956
--------------------------------------------------------------------------------
International Growth Opportunities SM980954
--------------------------------------------------------------------------------
Tuckerman Active REIT SM980955
--------------------------------------------------------------------------------
Special Equity SM980953
--------------------------------------------------------------------------------
Aggressive Equity SM982528
--------------------------------------------------------------------------------
IAM SHARES Fund SM991073
--------------------------------------------------------------------------------
Intermediate Municipal Bond
================================================================================
<PAGE>
================================================================================
State Fund/Portfolio File No.
----- -------------- --------
--------------------------------------------------------------------------------
Massachusetts Money Market - Class A 95-7806
--------------------------------------------------------------------------------
US Govt. Money Market - Class A 95-7805
--------------------------------------------------------------------------------
Yield Plus 95-7804
--------------------------------------------------------------------------------
S&P 500 Index 95-7803
--------------------------------------------------------------------------------
Small Cap 95-7802
--------------------------------------------------------------------------------
Matrix Equity 95-7801
--------------------------------------------------------------------------------
US Treasury Money Market 95-7800
--------------------------------------------------------------------------------
Intermediate 95-7799
--------------------------------------------------------------------------------
Growth and Income 95-7798
--------------------------------------------------------------------------------
Prime Money Market 95-7797
--------------------------------------------------------------------------------
Emerging Markets 95-7796
--------------------------------------------------------------------------------
Tax Free Money Market - Class A 95-7795
--------------------------------------------------------------------------------
Active International 95-7794
--------------------------------------------------------------------------------
Bond Market 95-9626-M
--------------------------------------------------------------------------------
Life Solutions Growth None
--------------------------------------------------------------------------------
Life Solutions Balanced None
--------------------------------------------------------------------------------
Life Solutions Income and Growth None
--------------------------------------------------------------------------------
High Yield Bond None
--------------------------------------------------------------------------------
International Growth Opportunities None
--------------------------------------------------------------------------------
Tuckerman Active REIT None
--------------------------------------------------------------------------------
Special Equity None
--------------------------------------------------------------------------------
Aggressive Equity None
--------------------------------------------------------------------------------
IAM SHARES Fund None
--------------------------------------------------------------------------------
Intermediate Municipal Bond
================================================================================
<PAGE>
================================================================================
State Fund/Portfolio File No.
----- -------------- --------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Michigan Money Market - Class A 273512
--------------------------------------------------------------------------------
US Govt. Money Market - Class A 271637
--------------------------------------------------------------------------------
Yield Plus 270943
--------------------------------------------------------------------------------
S&P 500 Index 271635
--------------------------------------------------------------------------------
Small Cap 271638
--------------------------------------------------------------------------------
Matrix Equity 271636
--------------------------------------------------------------------------------
US Treasury Money Market 272799
--------------------------------------------------------------------------------
Intermediate 270117
--------------------------------------------------------------------------------
Growth and Income 270118
--------------------------------------------------------------------------------
Prime Money Market 272533
--------------------------------------------------------------------------------
Emerging Markets 272534
--------------------------------------------------------------------------------
Tax Free Money Market - Class A 270530
--------------------------------------------------------------------------------
Active International 269417
--------------------------------------------------------------------------------
Bond Market 272683
--------------------------------------------------------------------------------
Life Solutions Growth 275627
--------------------------------------------------------------------------------
Life Solutions Balanced 275628
--------------------------------------------------------------------------------
Life Solutions Income and Growth 275629
--------------------------------------------------------------------------------
High Yield Bond 277057
--------------------------------------------------------------------------------
International Growth Opportunities 277058
--------------------------------------------------------------------------------
Tuckerman Active REIT 277056
--------------------------------------------------------------------------------
Special Equity 277059
--------------------------------------------------------------------------------
Aggressive Equity 277764
--------------------------------------------------------------------------------
IAM SHARES Fund 278458
--------------------------------------------------------------------------------
Intermediate Municipal Bond
================================================================================
<PAGE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------
State Fund/Portfolio File No.
----- -------------- --------
-----------------------------------------------------------------------------------------
<S> <C> <C>
-----------------------------------------------------------------------------------------
Minnesota Fund R-34811
-----------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------
Mississippi Money Market - Class A MF-93-01-162
-----------------------------------------------------------------------------------------
US Govt. Money Market - Class A MF-93-01-161
-----------------------------------------------------------------------------------------
Yield Plus MF-93-01-173
-----------------------------------------------------------------------------------------
S&P 500 Index MF-93-02-044
-----------------------------------------------------------------------------------------
Small Cap MF-93-02-045
-----------------------------------------------------------------------------------------
Matrix Equity MF-93-02-043
-----------------------------------------------------------------------------------------
US Treasury Money Market MF-93-01-159
-----------------------------------------------------------------------------------------
Intermediate MF-93-08-055
-----------------------------------------------------------------------------------------
Growth and Income MF-93-08-054
-----------------------------------------------------------------------------------------
Prime Money Market MF-94-01-180
-----------------------------------------------------------------------------------------
Emerging Markets MF-94-01-179
-----------------------------------------------------------------------------------------
Tax Free Money Market - Class A MF-94-08-198
-----------------------------------------------------------------------------------------
Active International MF-95-06-021
-----------------------------------------------------------------------------------------
Bond Market MF-96-01-179
-----------------------------------------------------------------------------------------
Life Solutions Growth MF-97-05-219
-----------------------------------------------------------------------------------------
Life Solutions Balanced MF-97-05-220
-----------------------------------------------------------------------------------------
Life Solutions Income and Growth MF97-05-221
-----------------------------------------------------------------------------------------
High Yield Bond MF98-04-177
-----------------------------------------------------------------------------------------
International Growth Opportunities MF98-04-176
-----------------------------------------------------------------------------------------
Tuckerman Active REIT MF98-04-172
-----------------------------------------------------------------------------------------
Special Equity MF98-04-175
-----------------------------------------------------------------------------------------
Aggressive Equity MF98-11-199
-----------------------------------------------------------------------------------------
IAM SHARES Fund MF99-05-067
-----------------------------------------------------------------------------------------
Intermediate Municipal Bond
-----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------
State Fund/Portfolio File No.
----- -------------- --------
-----------------------------------------------------------------------------------------
<S> <C> <C>
-----------------------------------------------------------------------------------------
Missouri Money Market (A,B,C) 93-00093
-----------------------------------------------------------------------------------------
US Govt. Money Market (A,B,C)
-----------------------------------------------------------------------------------------
Yield Plus
-----------------------------------------------------------------------------------------
S&P 500 Index
-----------------------------------------------------------------------------------------
Small Cap
-----------------------------------------------------------------------------------------
Matrix Equity
-----------------------------------------------------------------------------------------
US Treasury Money Market
-----------------------------------------------------------------------------------------
Intermediate
-----------------------------------------------------------------------------------------
Growth & Income
-----------------------------------------------------------------------------------------
Prime Money Market
-----------------------------------------------------------------------------------------
Emerging Markets
-----------------------------------------------------------------------------------------
Tax Free Money Market (A,B,C)
-----------------------------------------------------------------------------------------
Active International
-----------------------------------------------------------------------------------------
Bond Market
-----------------------------------------------------------------------------------------
Life Solutions Growth
-----------------------------------------------------------------------------------------
Life Solutions Balanced
-----------------------------------------------------------------------------------------
Life Solutions Income and Growth
-----------------------------------------------------------------------------------------
High Yield Bond
-----------------------------------------------------------------------------------------
International Growth Opportunities
-----------------------------------------------------------------------------------------
Tuckerman Active REIT
-----------------------------------------------------------------------------------------
Special Equity
-----------------------------------------------------------------------------------------
Aggressive Equity
-----------------------------------------------------------------------------------------
IAM SHARES Fund
-----------------------------------------------------------------------------------------
Intermediate Municipal Bond
-----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------
State Fund/Portfolio File No.
----- -------------- --------
-----------------------------------------------------------------------------------------
<S> <C> <C>
-----------------------------------------------------------------------------------------
Montana Money Market - Class A 029570
-----------------------------------------------------------------------------------------
US Govt. Money Market - Class A 029574
-----------------------------------------------------------------------------------------
Yield Plus 029577
-----------------------------------------------------------------------------------------
S&P 500 Index 029571
-----------------------------------------------------------------------------------------
Small Cap 029572
-----------------------------------------------------------------------------------------
Matrix Equity 029569
-----------------------------------------------------------------------------------------
US Treasury Money Market 029575
-----------------------------------------------------------------------------------------
Intermediate 029568
-----------------------------------------------------------------------------------------
Growth & Income 027942
-----------------------------------------------------------------------------------------
Prime Money Market 029765
-----------------------------------------------------------------------------------------
Emerging Markets 029764
-----------------------------------------------------------------------------------------
Tax Free Money Market - Class A 32056
-----------------------------------------------------------------------------------------
Active International 33390
-----------------------------------------------------------------------------------------
Bond Market 38759
-----------------------------------------------------------------------------------------
Life Solutions Growth 37049
-----------------------------------------------------------------------------------------
Life Solutions Balanced 37048
-----------------------------------------------------------------------------------------
Life Solutions Income and Growth 37050
-----------------------------------------------------------------------------------------
High Yield Bond 39094
-----------------------------------------------------------------------------------------
International Growth Opportunities 39028
-----------------------------------------------------------------------------------------
Tuckerman Active REIT 39029
-----------------------------------------------------------------------------------------
Special Equity 39030
-----------------------------------------------------------------------------------------
Aggressive Equity 40261
-----------------------------------------------------------------------------------------
IAM SHARES Fund 41320
-----------------------------------------------------------------------------------------
Intermediate Municipal Bond
-----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------
State Fund/Portfolio File No.
----- -------------- --------
-----------------------------------------------------------------------------------------
<S> <C> <C>
-----------------------------------------------------------------------------------------
Nebraska Money Market - Class A 040936
-----------------------------------------------------------------------------------------
US Govt. Money Market - Class A 040937
-----------------------------------------------------------------------------------------
Yield Plus 040939
-----------------------------------------------------------------------------------------
S&P 500 Index 040945
-----------------------------------------------------------------------------------------
Small Cap 040946
-----------------------------------------------------------------------------------------
Matrix Equity 040947
-----------------------------------------------------------------------------------------
US Treasury Money Market 040938
-----------------------------------------------------------------------------------------
Intermediate 47321
-----------------------------------------------------------------------------------------
Growth & Income 47322
-----------------------------------------------------------------------------------------
Prime Money Market 56373
-----------------------------------------------------------------------------------------
Emerging Markets 56372
-----------------------------------------------------------------------------------------
Tax Free Money Market - Class A 49005
-----------------------------------------------------------------------------------------
Active International 043167
-----------------------------------------------------------------------------------------
Bond Market 56371
-----------------------------------------------------------------------------------------
Life Solutions Growth 043039
-----------------------------------------------------------------------------------------
Life Solutions Balanced 043038
-----------------------------------------------------------------------------------------
Life Solutions Income and Growth 043040
-----------------------------------------------------------------------------------------
High Yield Bond 043147
-----------------------------------------------------------------------------------------
International Growth Opportunities 043146
-----------------------------------------------------------------------------------------
Tuckerman Active REIT 043135
-----------------------------------------------------------------------------------------
Special Equity 043145
-----------------------------------------------------------------------------------------
Aggressive Equity 51023
-----------------------------------------------------------------------------------------
IAM SHARES Fund 041458
-----------------------------------------------------------------------------------------
Intermediate Municipal Bond
-----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------
State Fund/Portfolio File No.
----- -------------- --------
-----------------------------------------------------------------------------------------
<S> <C> <C>
-----------------------------------------------------------------------------------------
Nevada Money Market (A,B,C) None
-----------------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) None
-----------------------------------------------------------------------------------------
Yield Plus None
-----------------------------------------------------------------------------------------
S&P 500 Index None
-----------------------------------------------------------------------------------------
Small Cap None
-----------------------------------------------------------------------------------------
Matrix Equity None
-----------------------------------------------------------------------------------------
US Treasury Money Market None
-----------------------------------------------------------------------------------------
Intermediate None
-----------------------------------------------------------------------------------------
Growth and Income None
-----------------------------------------------------------------------------------------
Prime Money Market None
-----------------------------------------------------------------------------------------
Emerging Markets None
-----------------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) None
-----------------------------------------------------------------------------------------
Active International None
-----------------------------------------------------------------------------------------
Bond Market None
-----------------------------------------------------------------------------------------
Life Solutions Growth None
-----------------------------------------------------------------------------------------
Life Solutions Balanced None
-----------------------------------------------------------------------------------------
Life Solutions Income and Growth None
-----------------------------------------------------------------------------------------
High Yield Bond None
-----------------------------------------------------------------------------------------
International Growth Opportunities None
-----------------------------------------------------------------------------------------
Tuckerman Active REIT None
-----------------------------------------------------------------------------------------
Special Equity None
-----------------------------------------------------------------------------------------
Aggressive Equity
-----------------------------------------------------------------------------------------
IAM SHARES Fund
-----------------------------------------------------------------------------------------
Intermediate Municipal Bond
-----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------
State Fund/Portfolio File No.
----- -------------- --------
-----------------------------------------------------------------------------------------
<S> <C> <C>
-----------------------------------------------------------------------------------------
New Hampshire Money Market - Class A None
------------------------- ------------------------------------- ---------------------------
US Govt. Money Market - Class A None
-----------------------------------------------------------------------------------------
Yield Plus None
-----------------------------------------------------------------------------------------
S&P 500 Index None
-----------------------------------------------------------------------------------------
Small Cap None
-----------------------------------------------------------------------------------------
Matrix Equity None
-----------------------------------------------------------------------------------------
US Treasury Money Market None
-----------------------------------------------------------------------------------------
Intermediate None
-----------------------------------------------------------------------------------------
Growth and Income None
-----------------------------------------------------------------------------------------
Prime Money Market None
-----------------------------------------------------------------------------------------
Emerging Markets None
-----------------------------------------------------------------------------------------
Tax Free Money Market - Class A None
-----------------------------------------------------------------------------------------
Active International None
-----------------------------------------------------------------------------------------
Bond Market None
-----------------------------------------------------------------------------------------
Life Solutions Growth None
-----------------------------------------------------------------------------------------
Life Solutions Balanced None
-----------------------------------------------------------------------------------------
Life Solutions Income and Growth None
-----------------------------------------------------------------------------------------
High Yield Bond None
-----------------------------------------------------------------------------------------
International Growth Opportunities None
-----------------------------------------------------------------------------------------
Tuckerman Active REIT None
-----------------------------------------------------------------------------------------
Special Equity None
-----------------------------------------------------------------------------------------
Aggressive Equity None
-----------------------------------------------------------------------------------------
IAM SHARES Fund None
-----------------------------------------------------------------------------------------
Intermediate Municipal Bond
-----------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------
New Jersey Fund None
-----------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------
State Fund/Portfolio File No.
----- -------------- --------
-----------------------------------------------------------------------------------------
<S> <C> <C>
New Mexico Money Market - Class A 693746
-----------------------------------------------------------------------------------------
US Govt. Money Market - Class A 693738
-----------------------------------------------------------------------------------------
Yield Plus 693736
-----------------------------------------------------------------------------------------
S&P 500 Index 693742
-----------------------------------------------------------------------------------------
Small Cap 693741
-----------------------------------------------------------------------------------------
Matrix Equity 693745
-----------------------------------------------------------------------------------------
US Treasury Money Market 693737
-----------------------------------------------------------------------------------------
Intermediate 693750
-----------------------------------------------------------------------------------------
Growth and Income 693756
-----------------------------------------------------------------------------------------
Prime Money Market 693744
-----------------------------------------------------------------------------------------
Emerging Markets 693757
-----------------------------------------------------------------------------------------
Tax Free Money Market - Class A 693739
-----------------------------------------------------------------------------------------
Active International 693760
-----------------------------------------------------------------------------------------
Bond Market 682780
-----------------------------------------------------------------------------------------
Life Solutions Growth 693748
-----------------------------------------------------------------------------------------
Life Solutions Balanced 693749
-----------------------------------------------------------------------------------------
Life Solutions Income and Growth 693747
-----------------------------------------------------------------------------------------
High Yield Bond 6937554
-----------------------------------------------------------------------------------------
International Growth Opportunities 693751
-----------------------------------------------------------------------------------------
Tuckerman Active REIT 693743
-----------------------------------------------------------------------------------------
Special Equity 693740
-----------------------------------------------------------------------------------------
Aggressive Equity 693761
-----------------------------------------------------------------------------------------
IAM SHARES Fund 693753
-----------------------------------------------------------------------------------------
Intermediate Municipal Bond
-----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
------------------------------------------------------------------------------
State Fund/Portfolio File No.
----- -------------- --------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
New York Money Market (A,B,C) 24-43-64
------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) S25-66-08
------------------------------------------------------------------------------
Yield Plus S26-15-69
------------------------------------------------------------------------------
S&P 500 Index S25-92-17
------------------------------------------------------------------------------
Small Cap S25-92-16
------------------------------------------------------------------------------
Matrix Equity S25-92-15
------------------------------------------------------------------------------
US Treasury Money Market S26-27-11
------------------------------------------------------------------------------
Intermediate S26-46-64
------------------------------------------------------------------------------
Growth and Income S26-46-65
------------------------------------------------------------------------------
Prime Money Market S26-64-40
------------------------------------------------------------------------------
Emerging Markets S26-64-41
------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) S26-86-90
------------------------------------------------------------------------------
Active International S25-92-14
------------------------------------------------------------------------------
Bond Market S27-39-43
------------------------------------------------------------------------------
Life Solutions Growth S27-96-58
------------------------------------------------------------------------------
Life Solutions Balanced S27-96-57
------------------------------------------------------------------------------
Life Solutions Income and Growth S27-96-56
------------------------------------------------------------------------------
High Yield Bond S28-33-41
------------------------------------------------------------------------------
International Growth Opportunities S28-33-40
------------------------------------------------------------------------------
Tuckerman Active REIT S28-33-38
------------------------------------------------------------------------------
Special Equity S28-33-39
------------------------------------------------------------------------------
Aggressive Equity S28-57-17
------------------------------------------------------------------------------
IAM SHARES Fund
------------------------------------------------------------------------------
Intermediate Municipal Bond
------------------------------------------------------------------------------
<PAGE>
-------------------------------------------------------------------------------
State Fund/Portfolio File No.
----- -------------- --------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
North Carolina Fund 1499
------------------------------------------------------------------------------
------------------------------------------------------------------------------
North Dakota Money Market - Class A I165
------------------------------------------------------------------------------
US Govt. Money Market - Class A I167
------------------------------------------------------------------------------
Yield Plus I170
------------------------------------------------------------------------------
S&P 500 Index I291
------------------------------------------------------------------------------
Small Cap I292
------------------------------------------------------------------------------
Matrix Equity I290
------------------------------------------------------------------------------
US Treasury Money Market I168
------------------------------------------------------------------------------
Intermediate J148
------------------------------------------------------------------------------
Growth and Income J147
------------------------------------------------------------------------------
Prime Money Market K037
------------------------------------------------------------------------------
Emerging Markets K036
------------------------------------------------------------------------------
Tax Free Money Market - Class A L228
------------------------------------------------------------------------------
Active International M686
------------------------------------------------------------------------------
Bond Market N952
------------------------------------------------------------------------------
Life Solutions Growth S913
------------------------------------------------------------------------------
Life Solutions Balanced S912
------------------------------------------------------------------------------
Life Solutions Income and Growth S914
------------------------------------------------------------------------------
High Yield Bond V449
------------------------------------------------------------------------------
International Growth Opportunities V450
------------------------------------------------------------------------------
Tuckerman Active REIT V451
------------------------------------------------------------------------------
Special Equity V452
------------------------------------------------------------------------------
Aggressive Equity Z272
------------------------------------------------------------------------------
IAM SHARES Fund Y396
------------------------------------------------------------------------------
Intermediate Municipal Bond
------------------------------------------------------------------------------
<PAGE>
------------------------------------------------------------------------------
State Fund/Portfolio File No.
----- -------------- --------
------------------------------------------------------------------------------
Ohio Money Market - Class A 22535
------------------------------------------------------------------------------
(Registered by US Govt. Money Market - Class A 22828
------------------------------------------------------------------------------
Prospectus) Yield Plus 22262
------------------------------------------------------------------------------
S&P 500 Index 22534
------------------------------------------------------------------------------
Small Cap 23411
------------------------------------------------------------------------------
US Treasury Money Market 19380
------------------------------------------------------------------------------
Combined Prospectus 22263
------------------------------------------------------------------------------
Prime Money Market 19379
------------------------------------------------------------------------------
Emerging Markets 19378
------------------------------------------------------------------------------
Tax Free Money Market - Class A 21819
------------------------------------------------------------------------------
IAM SHARES Fund 18703
------------------------------------------------------------------------------
Intermediate Municipal Bond
------------------------------------------------------------------------------
------------------------------------------------------------------------------
Oklahoma Money Market - Class A SE-2003447
------------------------------------------------------------------------------
(Registered by US Govt. Money Market - Class A SE-2008247
------------------------------------------------------------------------------
Prospectus) Yield Plus SE-2003446
------------------------------------------------------------------------------
S&P 500 Index SE-2012785
------------------------------------------------------------------------------
Small Cap SE-2007714
------------------------------------------------------------------------------
US Treasury Money Market SE-2008031
------------------------------------------------------------------------------
Prime Money Market SE-2009857
------------------------------------------------------------------------------
Emerging Markets SE-2010834
------------------------------------------------------------------------------
Tax Free Money Market - Class A SE-2004749
------------------------------------------------------------------------------
IAM SHARES Fund SE-2015514
------------------------------------------------------------------------------
Aggressive Equity SE-2011950
------------------------------------------------------------------------------
Active International SE-2011951
------------------------------------------------------------------------------
Bond Market SE-2011952
------------------------------------------------------------------------------
Growth and Income SE-2011953
------------------------------------------------------------------------------
High Yield Bond SE-2011954
------------------------------------------------------------------------------
International Growth Opportunities SE-2011955
------------------------------------------------------------------------------
Intermediate SE-2011956
------------------------------------------------------------------------------
Life Solutions Balanced SE-2011957
------------------------------------------------------------------------------
Life Solutions Growth SE-2011958
------------------------------------------------------------------------------
Life Solutions Income and Growth SE-2011959
------------------------------------------------------------------------------
Matrix Equity SE-2011960
------------------------------------------------------------------------------
Tuckerman Active REIT SE-2011961
------------------------------------------------------------------------------
Special Equity SE-2011962
------------------------------------------------------------------------------
Intermediate Municipal Bond
------------------------------------------------------------------------------
<PAGE>
------------------------------------------------------------------------------
State Fund/Portfolio File No.
----- -------------- --------
------------------------------------------------------------------------------
Oregon Money Market - Class A 94-0764
------------------------------------------------------------------------------
(Registered by US Govt. Money Market - Class A 95-1214
------------------------------------------------------------------------------
Prospectus) Yield Plus 94-0936
------------------------------------------------------------------------------
S&P 500 Index 93-0203
------------------------------------------------------------------------------
Small Cap 95-0019
------------------------------------------------------------------------------
Combined Prospectus 93-0204
------------------------------------------------------------------------------
US Treasury Money Market 96-1289
------------------------------------------------------------------------------
Prime Money Market 94-0307
------------------------------------------------------------------------------
Emerging Markets 94-0221
------------------------------------------------------------------------------
Tax Free Money Market - Class A 94-1013
------------------------------------------------------------------------------
IAM SHARES Fund 99-0550
------------------------------------------------------------------------------
Intermediate Municipal Bond
------------------------------------------------------------------------------
------------------------------------------------------------------------------
Pennsylvania Fund 88-01-021MF
------------------------------------------------------------------------------
------------------------------------------------------------------------------
Puerto Rico Small Cap S-17906
------------------------------------------------------------------------------
S&P 500 S-18094
------------------------------------------------------------------------------
Emerging Markets S-18289
------------------------------------------------------------------------------
Money Market - Class A None
------------------------------------------------------------------------------
US Govt. Money Market-Class A S-20935
------------------------------------------------------------------------------
Yield Plus S-20949
------------------------------------------------------------------------------
Matrix Equity S-21043
------------------------------------------------------------------------------
US Treasury Money Market S-20952
------------------------------------------------------------------------------
Intermediate S-20943
------------------------------------------------------------------------------
Growth and Income S-20951
------------------------------------------------------------------------------
Prime Money Market S-20953
------------------------------------------------------------------------------
Tax Free Money Market--Class A S-20942
------------------------------------------------------------------------------
Active International S-20948
------------------------------------------------------------------------------
Bond Market S-20946
------------------------------------------------------------------------------
Life Solutions Growth S-20937
------------------------------------------------------------------------------
Life Solutions Balanced S-20939
------------------------------------------------------------------------------
Life Solutions Income and Growth S-20936
------------------------------------------------------------------------------
High Yield Bond S-20944
------------------------------------------------------------------------------
International Growth Opportunities S-20945
------------------------------------------------------------------------------
Tuckerman Active REIT S-20941
------------------------------------------------------------------------------
<PAGE>
------------------------------------------------------------------------------
State Fund/Portfolio File No.
----- -------------- --------
------------------------------------------------------------------------------
Puerto Rico (cont) Special Equity S-20940
------------------------------------------------------------------------------
Aggressive Equity S-20947
------------------------------------------------------------------------------
IAM SHARES Fund S-20950
------------------------------------------------------------------------------
Intermediate Municipal Bond
------------------------------------------------------------------------------
------------------------------------------------------------------------------
Rhode Island Money Market (A,B,C) None
------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) None
------------------------------------------------------------------------------
Yield Plus None
------------------------------------------------------------------------------
S&P 500 Index None
------------------------------------------------------------------------------
Small Cap None
------------------------------------------------------------------------------
Matrix Equity None
------------------------------------------------------------------------------
US Treasury Money Market None
------------------------------------------------------------------------------
Intermediate None
------------------------------------------------------------------------------
Growth and Income None
------------------------------------------------------------------------------
Prime Money Market None
------------------------------------------------------------------------------
Emerging Markets None
------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) None
------------------------------------------------------------------------------
Active International None
------------------------------------------------------------------------------
Bond Market None
------------------------------------------------------------------------------
Life Solutions Growth None
------------------------------------------------------------------------------
Life Solutions Balanced None
------------------------------------------------------------------------------
Life Solutions Income and Growth None
------------------------------------------------------------------------------
High Yield Bond None
------------------------------------------------------------------------------
International Growth Opportunities None
------------------------------------------------------------------------------
Tuckerman Active REIT None
------------------------------------------------------------------------------
Special Equity None
------------------------------------------------------------------------------
Aggressive Equity None
------------------------------------------------------------------------------
IAM SHARES Fund None
------------------------------------------------------------------------------
Intermediate Municipal Bond
------------------------------------------------------------------------------
<PAGE>
------------------------------------------------------------------------------
State Fund/Portfolio File No.
----- -------------- --------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
South Carolina Money Market (A,B,C) MF7203
------------------------------------------------------------------------------
US Govt. Money Market (A,B,C) MF7202
------------------------------------------------------------------------------
Yield Plus MF7200
------------------------------------------------------------------------------
S&P 500 Index MF7281
------------------------------------------------------------------------------
Small Cap MF7282
------------------------------------------------------------------------------
Matrix Equity MF7280
------------------------------------------------------------------------------
US Treasury Money Market MF7269
------------------------------------------------------------------------------
Intermediate MF7697
------------------------------------------------------------------------------
Growth and Income MF7696
------------------------------------------------------------------------------
Prime Money Market MF8212
------------------------------------------------------------------------------
Emerging Markets MF8211
------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) MF8724
------------------------------------------------------------------------------
Active International MF9257
------------------------------------------------------------------------------
Bond Market MF9694
------------------------------------------------------------------------------
Life Solutions Growth MF10746
------------------------------------------------------------------------------
Life Solutions Balanced MF10748
------------------------------------------------------------------------------
Life Solutions Income and Growth MF10747
------------------------------------------------------------------------------
High Yield Bond MF11481
------------------------------------------------------------------------------
International Growth Opportunities MF11483
------------------------------------------------------------------------------
Tuckerman Active REIT MF11482
------------------------------------------------------------------------------
Special Equity MF11484
------------------------------------------------------------------------------
Aggressive Equity MF11913
------------------------------------------------------------------------------
IAM SHARES Fund MF12256
------------------------------------------------------------------------------
Intermediate Municipal Bond MF13066
------------------------------------------------------------------------------
<PAGE>
-------------------------------------------------------------------------------
State Fund/Portfolio File No.
----- -------------- --------
-------------------------------------------------------------------------------
South Dakota Money Market - Class A 3135
-------------------------------------------------------------------------------
US Govt. Money Market - Class A 3133
-------------------------------------------------------------------------------
Yield Plus 3138
-------------------------------------------------------------------------------
S&P 500 Index 3162
-------------------------------------------------------------------------------
Small Cap 3161
-------------------------------------------------------------------------------
Matrix Equity 3160
-------------------------------------------------------------------------------
US Treasury Money Market 3136
-------------------------------------------------------------------------------
Intermediate 3650
-------------------------------------------------------------------------------
Growth and Income 3651
-------------------------------------------------------------------------------
Prime Money Market 4245
-------------------------------------------------------------------------------
Emerging Markets 4246
-------------------------------------------------------------------------------
Tax Free Money Market - Class A 5037
-------------------------------------------------------------------------------
Active International 6151
-------------------------------------------------------------------------------
Bond Market 7112
-------------------------------------------------------------------------------
Life Solutions Growth 9224
-------------------------------------------------------------------------------
Life Solutions Balanced 9225
-------------------------------------------------------------------------------
Life Solutions Income and Growth 9223
-------------------------------------------------------------------------------
High Yield Bond 15499
-------------------------------------------------------------------------------
International Growth Opportunities 15496
-------------------------------------------------------------------------------
Tuckerman Active REIT 15498
-------------------------------------------------------------------------------
Special Equity 15497
-------------------------------------------------------------------------------
Aggressive Equity 17433
-------------------------------------------------------------------------------
IAM SHARES Fund 18956
-------------------------------------------------------------------------------
Intermediate Municipal Bond
-------------------------------------------------------------------------------
<PAGE>
==============================================================================
State Fund/Portfolio File No.
----- -------------- --------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
Tennessee Money Market - Class A RM98-4271
------------------------------------------------------------------------------
US Govt. Money Market - Class A
------------------------------------------------------------------------------
Yield Plus
------------------------------------------------------------------------------
S&P 500 Index
------------------------------------------------------------------------------
Small Cap
------------------------------------------------------------------------------
Matrix Equity
------------------------------------------------------------------------------
US Treasury Money Market
------------------------------------------------------------------------------
Intermediate
------------------------------------------------------------------------------
Growth and Income
------------------------------------------------------------------------------
Prime Money Market
------------------------------------------------------------------------------
Emerging Markets
------------------------------------------------------------------------------
Tax Free Money Market - Class A
------------------------------------------------------------------------------
Active International
------------------------------------------------------------------------------
Bond Market
------------------------------------------------------------------------------
Life Solutions Growth
------------------------------------------------------------------------------
Life Solutions Balanced
------------------------------------------------------------------------------
Life Solutions Income and Growth
------------------------------------------------------------------------------
High Yield Bond
------------------------------------------------------------------------------
International Growth Opportunities
------------------------------------------------------------------------------
Tuckerman Active REIT
------------------------------------------------------------------------------
Special Equity
------------------------------------------------------------------------------
Aggressive Equity
------------------------------------------------------------------------------
IAM SHARES Fund
------------------------------------------------------------------------------
Intermediate Municipal Bond
==============================================================================
<PAGE>
==============================================================================
State Fund/Portfolio File No.
----- -------------- --------
------------------------------------------------------------------------------
Texas Money Market - Class A C-42002
------------------------------------------------------------------------------
US Govt. Money Market - Class A C-42004
------------------------------------------------------------------------------
Yield Plus C-42007
------------------------------------------------------------------------------
S&P 500 Index C-42082
------------------------------------------------------------------------------
Small Cap C-42083
------------------------------------------------------------------------------
Matrix Equity C-42081
------------------------------------------------------------------------------
US Treasury Money Market C-42005
------------------------------------------------------------------------------
Intermediate C-43231
------------------------------------------------------------------------------
Growth and Income C-43230
------------------------------------------------------------------------------
Prime Money Market C-44423
------------------------------------------------------------------------------
Emerging Markets C-44422
------------------------------------------------------------------------------
Tax Free Money Market - Class A C-46065
------------------------------------------------------------------------------
Active International C-47910
------------------------------------------------------------------------------
Bond Market C-49466
------------------------------------------------------------------------------
Life Solutions Growth C-53028
------------------------------------------------------------------------------
Life Solutions Balanced C-53027
------------------------------------------------------------------------------
Life Solutions Income and Growth C-53029
------------------------------------------------------------------------------
High Yield Bond C-55902
------------------------------------------------------------------------------
International Growth Opportunities C-55903
------------------------------------------------------------------------------
Tuckerman Active REIT C-55904
------------------------------------------------------------------------------
Special Equity C-55905
------------------------------------------------------------------------------
Aggressive Equity C-57637
------------------------------------------------------------------------------
IAM SHARES Fund C-59265
------------------------------------------------------------------------------
Intermediate Municipal Bond
==============================================================================
<PAGE>
------------------------------------------------------------------------------
State Fund/Portfolio File No.
----- -------------- --------
------------------------------------------------------------------------------
Utah Money Market - Class A B00160771
------------------------------------------------------------------------------
(Registered by US Govt. Money Market - Class A B00135928
------------------------------------------------------------------------------
Prospectus) Yield Plus B00145626
------------------------------------------------------------------------------
S&P 500 Index B00167908
------------------------------------------------------------------------------
Small Cap B00161499
------------------------------------------------------------------------------
US Treasury Money Market B00159549
------------------------------------------------------------------------------
Prime Money Market B00167921
------------------------------------------------------------------------------
Emerging Markets B00173472
------------------------------------------------------------------------------
Tax Free Money Market - Class A B00145587
------------------------------------------------------------------------------
Combined Prospectus B00169468
------------------------------------------------------------------------------
IAM SHARES Fund
------------------------------------------------------------------------------
Intermediate Municipal Bond
------------------------------------------------------------------------------
------------------------------------------------------------------------------
Vermont Money Market - Class A 5/01/92-02
------------------------------------------------------------------------------
US Govt. Money Market - Class A 1/26/93-08
------------------------------------------------------------------------------
Yield Plus 9/29/92-02
------------------------------------------------------------------------------
S&P 500 Index 2/09/93-04
------------------------------------------------------------------------------
Small Cap 2/09/93-05
------------------------------------------------------------------------------
Matrix Equity 2/09/93-06
------------------------------------------------------------------------------
US Treasury Money Market 1/26/93-10
------------------------------------------------------------------------------
Intermediate 8/11/93-14
------------------------------------------------------------------------------
Growth and Income 8/11/93-15
------------------------------------------------------------------------------
Prime Money Market 1/24/94-02
------------------------------------------------------------------------------
Emerging Markets 1/24/94-01
------------------------------------------------------------------------------
Tax Free Money Market - Class A 8/31/94-09
------------------------------------------------------------------------------
Active International 4/14/95-19
------------------------------------------------------------------------------
Bond Market 1/31/96-05
------------------------------------------------------------------------------
Life Solutions Growth 6/06/97-12
------------------------------------------------------------------------------
Life Solutions Balanced 6/06/97-11
------------------------------------------------------------------------------
Life Solutions Income and Growth 6/06/97-13
------------------------------------------------------------------------------
High Yield Bond 4/21/98-54
------------------------------------------------------------------------------
International Growth Opportunities 4/21/98-53
------------------------------------------------------------------------------
Tuckerman Active REIT 4/21/98-51
==============================================================================
<PAGE>
------------------------------------------------------------------------------
State Fund/Portfolio File No.
----- -------------- --------
------------------------------------------------------------------------------
Vermont (cont) Special Equity 4/21/98-52
------------------------------------------------------------------------------
Aggressive Equity 11/17/98-22
------------------------------------------------------------------------------
IAM SHARES Fund 5/17/99-15
------------------------------------------------------------------------------
International Municipal Bond
------------------------------------------------------------------------------
------------------------------------------------------------------------------
Virginia Fund 1358
------------------------------------------------------------------------------
------------------------------------------------------------------------------
Washington Money Market - Class A C-34574
------------------------------------------------------------------------------
US Govt. Money Market - Class A C-35744
------------------------------------------------------------------------------
Yield Plus C-35107
------------------------------------------------------------------------------
S&P 500 Index C-35821
------------------------------------------------------------------------------
Small Cap C-35822
------------------------------------------------------------------------------
Matrix Equity C-34573
------------------------------------------------------------------------------
US Treasury Money Market C-35746
------------------------------------------------------------------------------
Intermediate C-36892
------------------------------------------------------------------------------
Growth and Income C-36893
------------------------------------------------------------------------------
Prime Money Market C-37875
------------------------------------------------------------------------------
Emerging Markets C-37876
------------------------------------------------------------------------------
Tax Free Money Market - Class A C-39498
------------------------------------------------------------------------------
Active International C-51417
------------------------------------------------------------------------------
Bond Market C-52770
------------------------------------------------------------------------------
Life Solutions Growth C-56114
------------------------------------------------------------------------------
Life Solutions Balanced C-56120
------------------------------------------------------------------------------
Life Solutions Income and Growth C-56119
------------------------------------------------------------------------------
High Yield Bond C-58802
------------------------------------------------------------------------------
International Growth Opportunities C-58803
------------------------------------------------------------------------------
Tuckerman Active REIT C-58800
------------------------------------------------------------------------------
Special Equity C-58801
------------------------------------------------------------------------------
Aggressive Equity C-60428
------------------------------------------------------------------------------
IAM SHARES Fund C-61886
------------------------------------------------------------------------------
Intermediate Municipal Bond
==============================================================================
<PAGE>
==============================================================================
State Fund/Portfolio File No.
----- -------------- --------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
West Virginia Fund (A,B,C) BC30515
(except as noted below)
------------------------------------------------------------------------------
Intermediate BC30517
------------------------------------------------------------------------------
Growth and Income BC30516
------------------------------------------------------------------------------
Prime Money Market BC30518
------------------------------------------------------------------------------
Emerging Markets BC30514
------------------------------------------------------------------------------
Tax Free Money Market (A,B,C) BC30519
------------------------------------------------------------------------------
Life Solutions Growth MF22391
------------------------------------------------------------------------------
Life Solutions Balanced MF22390
------------------------------------------------------------------------------
Life Solutions Income and Growth MF22380
------------------------------------------------------------------------------
High Yield Bond MF-31739
------------------------------------------------------------------------------
International Growth Opportunities MF-31779
------------------------------------------------------------------------------
Tuckerman Active REIT MF-31781
------------------------------------------------------------------------------
Special Equity MF-31780
------------------------------------------------------------------------------
Aggressive Equity MF-33586
------------------------------------------------------------------------------
IAM SHARES Fund MF35069
------------------------------------------------------------------------------
Intermediate Municipal Bond
==============================================================================
<PAGE>
==============================================================================
State Fund/Portfolio File No.
----- -------------- --------
------------------------------------------------------------------------------
Wisconsin Money Market - Class A 272542-03
------------------------------------------------------------------------------
US Govt. Money Market - Class A 272543-03
------------------------------------------------------------------------------
Yield Plus 272545-03
------------------------------------------------------------------------------
S&P 500 Index 273218-03
------------------------------------------------------------------------------
Small Cap 273217-03
------------------------------------------------------------------------------
Matrix Equity 273219-03
------------------------------------------------------------------------------
US Treasury Money Market 272546-03
------------------------------------------------------------------------------
Intermediate 278542-03
------------------------------------------------------------------------------
Growth and Income 278543-03
------------------------------------------------------------------------------
Prime Money Market 283893-03
------------------------------------------------------------------------------
Emerging Markets 283892-03
------------------------------------------------------------------------------
Tax Free Money Market - Class A 291513-03
------------------------------------------------------------------------------
Active International 302790-03
------------------------------------------------------------------------------
Bond Market 311189-03
------------------------------------------------------------------------------
Life Solutions Growth 332642-03
------------------------------------------------------------------------------
Life Solutions Balanced 332641-03
------------------------------------------------------------------------------
Life Solutions Income and Growth 332640-03
------------------------------------------------------------------------------
High Yield Bond 348154-03
------------------------------------------------------------------------------
International Growth Opportunities 348155-03
------------------------------------------------------------------------------
Tuckerman Active REIT 348153-03
------------------------------------------------------------------------------
Special Equity 348152-03
------------------------------------------------------------------------------
Aggressive Equity 357135-03
------------------------------------------------------------------------------
IAM SHARES Fund 368573-03
------------------------------------------------------------------------------
Intermediate Municipal Bond
------------------------------------------------------------------------------
------------------------------------------------------------------------------
Wyoming Fund 17712
------------------------------------------------------------------------------
==============================================================================
<PAGE>
[LETTERHEAD OF SSgA Funds]
Management Statement Regarding Compliance With Certain Provisions
-----------------------------------------------------------------
of the Investment Company Act of 1940
-------------------------------------
PricewaterhouseCoopers LLP September 15, 2000
160 Federal Street
Boston, MA 02110
We, as members of management of SSgA Funds (comprised of Money Market Fund, U.S.
Government Money Market Fund, Matrix Equity Fund, S&P 500 Index Fund, Small Cap
Fund, Yield Plus Fund, Bond Market Fund, Emerging Markets Fund, US Treasury
Money Market Fund, Growth and Income Fund, Intermediate Fund, Prime Money Market
Fund, Tax Free Money Market Fund, Active International Fund, Tuckerman Active
REIT Fund, International Growth Opportunties Fund, High Yield Bond Fund, Special
Equity Fund, Aggressive Equity Fund, IAM Shares Fund, Intermediate Municipal
Bond Fund, Life Solutions Balanced Fund, Life Solutions Income and Growth Fund,
and Life Solutions Growth Fund) (the "Funds"), are responsible for complying
with the requirements of subsections (b) and (c) of Rule 17f-2, "Custody of
Investments by Registered Management Investment Companies," of the Investment
Company Act of 1940. We are also responsible for establishing and maintaining
effective internal controls over compliance with those requirements. We have
performed an evaluation of the Funds' compliance with the requirements of
subsections (b) and (c) of Rule 17f-2 as of June 30, 2000 and from March 31,
2000 (date of last examination) through June 30, 2000.
Based on this evaluation, we assert that the Funds were in compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company
Act of 1940 as of June 30, 2000 and from March 31, 2000 (date of last
examination) through June 30, 2000, with respect to securities reflected in the
investment accounts of the Funds.
Very truly yours,
SSgA Funds
/s/ Lynn L. Anderson
-------------------------------
Lynn L. Anderson
President
/s/ Mark E. Swanson
-------------------------------
Mark E. Swanson
Treasurer and
Principal Accounting Officer
All persons dealing with SSgA Funds, a Massachusetts business trust, must look
solely to the Trust for the enforcement of any claim against the Trust, as the
Trustees, officers, agents, and Shareholders of the Trust assume no personal
liability whatsoever for obligations entered into on behalf of the Trust.
Russell Fund Distributors, Inc. - Distributor
Member NASD
<PAGE>
INDEPENDENT ACCOUNTANTS REPORT
------------------------------
To the Board of Trustees of SSgA Funds:
We have examined management's assertion, included in the accompanying Management
Statement Regarding Compliance With Certain Provisions of the Investment Company
Act of 1940, about SSgA Funds (comprised of Money Market Fund, U.S. Government
Money Market Fund, Matrix Equity Fund, S&P 500 Index Fund, Small Cap Fund, Yield
Plus Fund, Bond Market Fund, Emerging Markets Fund, US Treasury Money Market
Fund, Growth and Income Fund, Intermediate Fund, Prime Money Market Fund, Tax
Free Money Market Fund, Active International Fund, Tuckerman Active REIT Fund,
International Growth Opportunities Fund, High Yield Bond Fund, Special Equity
Fund, Aggressive Equity Fund, IAM Shares Fund, Intermediate Municipal Bond Fund,
Life Solutions Balanced Fund, Life Solutions Income and Growth Fund, and Life
Solutions Income Fund) (the "Funds") compliance with the requirements of
subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940
(the "Act") as of June 30, 2000. Management is responsible for the Funds'
compliance with those requirements. Our responsibility is to express an opinion
on management's assertion about the Funds' compliance based on our examination.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Funds' compliance with those
requirements and performing such other procedures as we considered necessary in
the circumstances. Our examination was made without prior notice to the Funds.
Included among our procedures were the following tests performed as of June 30,
2000, and with respect to the test of selected security purchases and sales, for
the period from March 31, 2000 (date of our last examination) through June 30,
2000:
. Confirmation of all securities held by institutions in book entry form by
the Federal Reserve Bank of Boston, The Depository Trust Company, The
Participants Trust Company, Boston Financial Data Services, Inc., CREST
(London) and The First National Bank of Chicago;
. Confirmation or inspection of documentation of all securities purchased but
not received, hypothecated, pledged, on loan, placed in escrow, or out for
transfer with brokers, pledgees and/or transfer agents;
. Confirmation or inspection of documentation of foreign securities held by
unaffiliated foreign sub-custodians;
. Reconciliation of all such securities to the books and records of the Funds
and the Custodian (State Street Bank and Trust Company {Boston} and State
Street Bank & Trust Company {London});
. Confirmation of all repurchase agreements with brokers/banks and agreement
of underlying collateral with State Street Bank and Trust Company records;
and
<PAGE>
. Test of selected security purchases and security sales or maturities since
our last examination from the books and records of the Funds to broker
confirmations.
We believe that our examination provides a reasonable basis for our opinion.
Our examination does not provide a legal determination on the Funds' compliance
with specified requirements.
In our opinion, management's assertion that the Funds enumerated above were in
compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the
Investment Company Act of 1940 as of June 30, 2000, with respect to securities
reflected in the investment accounts of the Funds is fairly stated, in all
material respects.
This report is intended solely for the information and use of the Board of
Trustees, management of SSgA Funds and the Securities and Exchange Commission
and is not intended to be and should not be used by anyone other than these
specified parties.
Boston, Massachusetts /s/ PricewaterhouseCoopers LLP
September 15, 2000
