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<PAGE> PAGE 2
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
062 E000800 0.0
062 F000800 0.0
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062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
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062 O000800 99.4
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 51
063 B000800 0.0
066 A000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 N
070 A020800 N
070 B010800 N
070 B020800 N
070 C010800 N
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 N
070 K020800 N
070 L010800 N
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 N
070 N020800 N
070 O010800 Y
070 O020800 N
<PAGE> PAGE 42
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 0
071 B000800 0
071 C000800 0
071 D000800 0
072 A000800 12
072 B000800 1370
072 C000800 0
072 D000800 0
072 E000800 0
072 F000800 193
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072 J000800 21
072 K000800 0
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072 R000800 4
072 S000800 4
072 T000800 283
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072 Z000800 1093
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<PAGE> PAGE 43
074 E000800 0
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074 M000800 323
074 N000800 52342
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008 A000901 PNC INSTITUTIONAL MANAGEMENT CORP.
008 B000901 A
008 C000901 801-13304
008 D010901 WILMINGTON
008 D020901 DE
008 D030901 19809
008 A000902 WARBURG, PINCUS COUNSELLORS, INC.
008 B000902 S
008 C000902 801-28496
008 D010902 NEW YORK
008 D020902 NY
008 D030902 10017
010 A000901 PFPC INC.
010 B000901 85-1196
010 C010901 WILMINGTON
010 C020901 DE
010 C030901 19809
015 A000901 PNC BANK
015 B000901 C
015 C010901 PHILADELPHIA
015 C020901 PA
015 C030901 19101
<PAGE> PAGE 44
015 E010901 X
024 000900 N
028 A010900 0
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028 B010900 0
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028 F010900 0
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028 F030900 0
028 F040900 17
028 G010900 0
028 G020900 0
028 G030900 0
028 G040900 23
028 H000900 0
029 000900 N
030 A000900 0
030 B000900 0.00
030 C000900 0.00
031 A000900 0
031 B000900 0
032 000900 0
033 000900 0
034 000900 N
035 000900 0
036 B000900 0
037 000900 N
038 000900 0
039 000900 N
040 000900 Y
041 000900 Y
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<PAGE> PAGE 45
042 E000900 0
042 F000900 0
042 G000900 0
042 H000900 0
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045 000900 Y
046 000900 Y
047 000900 Y
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048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 0
048 K020900 0.000
049 000900 N
050 000900 N
051 000900 N
052 000900 N
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053 B000900 Y
053 C000900 N
054 A000900 Y
054 B000900 Y
054 C000900 Y
054 D000900 N
054 E000900 N
054 F000900 N
054 G000900 Y
054 H000900 N
054 I000900 N
054 J000900 N
054 K000900 N
054 L000900 N
<PAGE> PAGE 46
054 M000900 Y
054 N000900 N
054 O000900 Y
055 A000900 N
055 B000900 N
056 000900 N
057 000900 N
058 A000900 N
059 000900 Y
060 A000900 Y
060 B000900 Y
061 000900 1000
062 A000900 Y
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062 O000900 0.0
062 P000900 0.0
062 Q000900 23.7
062 R000900 0.0
063 A000900 0
063 B000900 0.0
066 A000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 N
070 A020900 N
070 B010900 N
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 N
070 G020900 N
<PAGE> PAGE 47
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 N
070 J020900 N
070 K010900 N
070 K020900 N
070 L010900 N
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 N
070 N020900 N
070 O010900 N
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900 0
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071 D000900 0
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072 B000900 0
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<PAGE> PAGE 48
072 Z000900 0
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072DD010900 2
072DD020900 0
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008 A001001 PNC INSTITUTIONAL MANAGEMENT CORP.
008 B001001 A
008 C001001 801-13304
008 D011001 WILMINGTON
008 D021001 DE
008 D031001 19809
<PAGE> PAGE 49
010 A001001 PFPC INC.
010 B001001 85-1196
010 C011001 WILMINGTON
010 C021001 DE
010 C031001 19809
015 A001001 PNC BANK
015 B001001 C
015 C011001 PHILADELPHIA
015 C021001 PA
015 C031001 19101
015 E011001 X
024 001000 Y
025 A001001 DONALDSON, LUFKIN, & JENRETTE
025 B001001 13-2741729
025 C001001 D
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028 F041000 336
028 G011000 87
028 G021000 377
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<PAGE> PAGE 50
028 H001000 41
029 001000 Y
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031 B001000 0
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035 001000 0
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048 A021000 0.400
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048 B021000 0.350
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<PAGE> PAGE 51
048 K011000 500000
048 K021000 0.300
049 001000 N
050 001000 N
051 001000 N
052 001000 N
053 A001000 Y
053 B001000 Y
053 C001000 N
054 A001000 Y
054 B001000 Y
054 C001000 Y
054 D001000 N
054 E001000 N
054 F001000 N
054 G001000 Y
054 H001000 N
054 I001000 N
054 J001000 N
054 K001000 N
054 L001000 N
054 M001000 Y
054 N001000 N
054 O001000 Y
055 A001000 N
055 B001000 N
056 001000 N
057 001000 N
058 A001000 N
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<PAGE> PAGE 52
063 A001000 0
063 B001000 7.4
066 A001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 Y
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 N
070 K021000 N
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 Y
070 R021000 N
071 A001000 55494
071 B001000 32939
071 C001000 50899
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<PAGE> PAGE 53
072 E001000 0
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074 A001000 79
074 B001000 4100
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074 N001000 55316
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<PAGE> PAGE 54
074 R021000 0
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074 T001000 54938
074 U011000 5667
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076 001000 0.00
008 A001101 BEA ASSOCIATES
008 B001101 A
008 C001101 801-37170
008 D011101 NEW YORK
008 D021101 NY
008 D031101 10022
010 A001101 PFPC INC.
010 B001101 85-1196
010 C011101 WILMINGTON
010 C021101 DE
010 C031101 19809
010 A001102 COUNSELLORS FUNDS SERVICES, INC.
010 C011102 NEW YORK
010 C021102 NY
010 C031102 10022
015 A001101 BROWN BROTHERS HARRIMAN & CO.
015 B001101 C
015 C011101 BOSTON
015 C021101 MA
015 C031101 02109
015 E011101 X
024 001100 N
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<PAGE> PAGE 55
028 D031100 0
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<PAGE> PAGE 56
048 D011100 0
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050 001100 N
051 001100 N
052 001100 N
053 A001100 N
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054 C001100 Y
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054 E001100 N
054 F001100 N
054 G001100 Y
054 H001100 N
054 I001100 N
054 J001100 N
054 K001100 N
054 L001100 Y
054 M001100 Y
054 N001100 N
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<PAGE> PAGE 57
062 G001100 0.0
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062 R001100 0.0
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066 A001100 Y
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068 A001100 N
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069 001100 N
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070 A021100 N
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 Y
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070 J011100 Y
070 J021100 N
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070 K021100 N
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070 L021100 Y
070 M011100 Y
070 M021100 Y
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<PAGE> PAGE 58
070 P021100 N
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070 R021100 N
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071 B001100 489833
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<PAGE> PAGE 59
074 F001100 750339
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008 A001201 BEA ASSOCIATES
008 B001201 A
008 C001201 801-37170
008 D011201 NEW YORK
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010 A001201 PFPC INC.
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010 C011201 WILMINGTON
010 C021201 DE
010 C031201 19809
010 A001202 COUNSELLORS FUNDS SERVICES, INC.
010 C011202 NEW YORK
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010 C031202 10022
015 A001201 BROWN BROTHERS HARRIMAN & CO.
015 B001201 C
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015 E011201 X
024 001200 N
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<PAGE> PAGE 60
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<PAGE> PAGE 61
042 H001200 0
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054 E001200 N
054 F001200 N
054 G001200 Y
054 H001200 N
054 I001200 N
054 J001200 N
054 K001200 N
054 L001200 Y
054 M001200 Y
054 N001200 N
054 O001200 Y
055 A001200 N
055 B001200 N
<PAGE> PAGE 62
056 001200 N
057 001200 N
058 A001200 N
059 001200 Y
060 A001200 Y
060 B001200 Y
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066 A001200 Y
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066 D001200 Y
066 E001200 N
066 F001200 N
066 G001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
070 A011200 Y
070 A021200 N
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
<PAGE> PAGE 63
070 H011200 Y
070 H021200 N
070 I011200 Y
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 Y
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
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<PAGE> PAGE 64
072 Z001200 -17
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008 A001301 BEA ASSOCIATES
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008 D011301 NEW YORK
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<PAGE> PAGE 65
010 A001301 PFPC INC.
010 B001301 85-1196
010 C011301 WILMINGTON
010 C021301 DE
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010 A001302 COUNSELLORS FUND SERVICES, INC.
010 C011302 NEW YORK
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015 A001301 BROWN BROTHERS HARRIMAN & CO.
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031 A001300 0
031 B001300 0
<PAGE> PAGE 66
032 001300 0
033 001300 0
034 001300 N
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036 B001300 0
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039 001300 N
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042 D001300 0
042 E001300 0
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050 001300 N
051 001300 N
052 001300 N
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<PAGE> PAGE 67
054 A001300 Y
054 B001300 Y
054 C001300 Y
054 D001300 N
054 E001300 N
054 F001300 N
054 G001300 Y
054 H001300 N
054 I001300 N
054 J001300 N
054 K001300 N
054 L001300 Y
054 M001300 Y
054 N001300 N
054 O001300 Y
055 A001300 N
055 B001300 N
056 001300 Y
057 001300 N
058 A001300 N
059 001300 Y
060 A001300 Y
060 B001300 Y
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062 Q001300 0.0
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063 A001300 0
063 B001300 11.0
064 A001300 N
064 B001300 Y
065 001300 N
066 A001300 N
067 001300 N
068 A001300 N
068 B001300 N
<PAGE> PAGE 68
069 001300 N
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 Y
070 E021300 N
070 F011300 Y
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 Y
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 N
070 K021300 N
070 L011300 Y
070 L021300 Y
070 M011300 Y
070 M021300 Y
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 Y
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300 197708
071 B001300 119626
071 C001300 99155
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<PAGE> PAGE 69
072 K001300 0
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072 U001300 10
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072BB001300 3719
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<PAGE> PAGE 70
074 U021300 0
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008 A001401 LAFFER ADVISORS
008 B001401 A
008 C001401 801-16816
008 D011401 LA JOLLA
008 D021401 CA
008 D031401 92037
008 A001402 PNC INSTITUTIONAL MANAGEMENT CORP.
008 B001402 S
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008 D011402 WILMINGTON
008 D021402 DE
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010 A001401 PFPC, INC.
010 B001401 85-1196
010 C011401 WILMINGTON
010 C021401 DE
010 C031401 19809
015 A001401 PNC BANK
015 B001401 C
015 C011401 PHILADELPHIA
015 C021401 PA
015 C031401 19101
015 E011401 X
024 001400 Y
025 A001401 MERRELL LYNCH
025 B001401 13-5674085
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<PAGE> PAGE 71
028 B041400 0
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028 H001400 242
029 001400 Y
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030 B001400 4.75
030 C001400 0.00
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031 B001400 0
032 001400 0
033 001400 0
034 001400 N
035 001400 0
036 B001400 0
037 001400 N
038 001400 0
039 001400 N
040 001400 Y
041 001400 Y
042 A001400 0
042 B001400 0
042 C001400 0
042 D001400 0
042 E001400 0
042 F001400 0
042 G001400 0
042 H001400 0
043 001400 2
044 001400 0
045 001400 Y
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047 001400 Y
<PAGE> PAGE 72
048 001400 0.000
048 A011400 200000
048 A021400 0.100
048 B011400 200000
048 B021400 0.075
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048 C021400 0.050
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048 E021400 0.000
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048 J011400 0
048 J021400 0.000
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048 K021400 0.030
049 001400 N
050 001400 N
051 001400 N
052 001400 N
053 A001400 Y
053 B001400 Y
053 C001400 N
054 A001400 Y
054 B001400 Y
054 C001400 Y
054 D001400 N
054 E001400 N
054 F001400 N
054 G001400 Y
054 H001400 N
054 I001400 N
054 J001400 N
054 K001400 N
054 L001400 N
054 M001400 Y
054 N001400 N
054 O001400 Y
055 A001400 N
055 B001400 N
056 001400 N
057 001400 N
058 A001400 N
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<PAGE> PAGE 73
060 A001400 Y
060 B001400 Y
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066 A001400 Y
066 D001400 Y
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
070 A021400 N
070 B011400 Y
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 Y
070 D021400 N
070 E011400 Y
070 E021400 N
070 F011400 Y
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 Y
<PAGE> PAGE 74
070 L011400 Y
070 L021400 N
070 M011400 Y
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 N
070 O021400 N
070 P011400 N
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 Y
070 R021400 N
071 A001400 991
071 B001400 334
071 C001400 573
071 D001400 58
072 A001400 9
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<PAGE> PAGE 75
073 A011400 0.0000
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008 A001501 BEA ASSOCIATES
008 B001501 A
008 C001501 801-34170
008 D011501 NEW YORK
008 D021501 NY
008 D031501 10022
010 A001501 PFPC INC.
010 B001501 85-1196
010 C011501 WILM
010 C021501 DE
010 C031501 19809
015 A001501 PNC BANK
015 B001501 C
015 C011501 PHILADELPHIA
<PAGE> PAGE 76
015 C021501 PA
015 C031501 19101
015 E011501 X
015 A001502 BROWN BROTHERS HARRIMAN & CO.
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015 E011502 X
024 001500 N
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037 001500 N
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<PAGE> PAGE 77
043 001500 0
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049 001500 N
050 001500 N
051 001500 N
052 001500 N
053 A001500 Y
053 B001500 N
054 A001500 Y
054 B001500 Y
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054 E001500 N
054 F001500 N
054 G001500 Y
054 H001500 N
054 I001500 N
054 J001500 N
054 K001500 N
054 L001500 Y
054 M001500 Y
054 N001500 N
054 O001500 N
055 A001500 N
055 B001500 N
<PAGE> PAGE 78
056 001500 N
057 001500 N
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062 P001500 0.0
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063 B001500 11.0
064 A001500 N
066 A001500 N
067 001500 N
068 A001500 N
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069 001500 N
070 A011500 Y
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<PAGE> PAGE 79
070 J011500 Y
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070 L021500 N
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070 O011500 Y
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070 R011500 N
070 R021500 N
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<PAGE> PAGE 80
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008 A001601 BEA ASSOCIATES
008 B001601 A
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008 D011601 NEW YORK
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008 D031601 10022
010 A001601 PFPC INC.
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<PAGE> PAGE 81
010 C031601 19809
015 A001601 PNC BANK
015 B001601 C
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015 C021601 PA
015 C031601 19101
015 E011601 X
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040 001600 N
041 001600 N
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<PAGE> PAGE 82
048 D011600 0
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048 F011600 0
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048 G011600 0
048 G021600 0.000
048 H011600 0
048 H021600 0.000
048 I011600 0
048 I021600 0.000
048 J011600 0
048 J021600 0.000
048 K011600 0
048 K021600 0.000
049 001600 N
050 001600 N
051 001600 N
052 001600 N
053 A001600 Y
053 B001600 Y
053 C001600 N
054 A001600 Y
054 B001600 Y
054 C001600 Y
054 D001600 N
054 E001600 N
054 F001600 N
054 G001600 Y
054 H001600 N
054 I001600 N
054 J001600 N
054 K001600 N
054 L001600 Y
054 M001600 Y
054 N001600 N
054 O001600 N
055 A001600 N
055 B001600 N
056 001600 N
057 001600 N
058 A001600 N
059 001600 Y
060 A001600 Y
060 B001600 Y
061 001600 1000000
062 A001600 Y
062 B001600 0.0
062 C001600 0.0
062 D001600 0.0
<PAGE> PAGE 83
062 E001600 0.0
062 F001600 0.0
062 G001600 0.0
062 H001600 0.0
062 I001600 0.0
062 J001600 0.0
062 K001600 0.0
062 L001600 0.0
062 M001600 0.0
062 N001600 0.0
062 O001600 98.8
062 P001600 0.0
062 Q001600 0.0
062 R001600 0.0
063 A001600 0
063 B001600 12.5
064 A001600 N
066 A001600 N
067 001600 N
068 A001600 N
068 B001600 N
069 001600 N
070 A011600 Y
070 A021600 N
070 B011600 N
070 B021600 N
070 C011600 N
070 C021600 N
070 D011600 N
070 D021600 N
070 E011600 N
070 E021600 N
070 F011600 N
070 F021600 N
070 G011600 N
070 G021600 N
070 H011600 N
070 H021600 N
070 I011600 N
070 I021600 N
070 J011600 Y
070 J021600 N
070 K011600 Y
070 K021600 Y
070 L011600 Y
070 L021600 N
070 M011600 Y
070 M021600 N
070 N011600 Y
070 N021600 N
070 O011600 Y
<PAGE> PAGE 84
070 O021600 N
070 P011600 Y
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 N
070 R021600 N
071 A001600 45783
071 B001600 3486
071 C001600 37264
071 D001600 9
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072 P001600 0
072 Q001600 0
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072 W001600 2
072 X001600 98
072 Y001600 25
072 Z001600 240
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072BB001600 39
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072CC021600 28
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072EE001600 0
073 A011600 0.0000
073 A021600 0.0000
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074 A001600 27
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074 C001600 0
<PAGE> PAGE 85
074 D001600 41779
074 E001600 0
074 F001600 0
074 G001600 0
074 H001600 0
074 I001600 12
074 J001600 0
074 K001600 0
074 L001600 513
074 M001600 30
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074 P001600 0
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074 R011600 0
074 R021600 0
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074 U011600 2810
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074 V011600 15.06
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074 Y001600 0
075 A001600 0
075 B001600 36673
076 001600 0.00
008 A001701 BEA ASSOCIATES
008 B001701 A
008 C001701 801-37170
008 D011701 NEW YORK
008 D021701 NY
008 D031701 10022
010 A001701 PFPC INC.
010 B001701 85-1196
010 C011701 WILM
010 C021701 DE
010 C031701 19809
015 A001701 BROWN BROTHERS HARRIMAN & CO.
015 B001701 C
015 C011701 BOSTON
015 C021701 MA
015 C031701 02109
015 E011701 X
024 001700 N
028 A011700 0
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<PAGE> PAGE 86
028 A041700 0
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028 F031700 0
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028 G011700 6300
028 G021700 0
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028 H001700 0
037 001700 N
038 001700 0
040 001700 N
041 001700 N
045 001700 Y
046 001700 N
047 001700 Y
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<PAGE> PAGE 87
048 I021700 0.000
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051 001700 N
052 001700 N
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053 B001700 Y
053 C001700 N
054 A001700 Y
054 B001700 Y
054 C001700 Y
054 D001700 N
054 E001700 N
054 F001700 N
054 G001700 Y
054 H001700 N
054 I001700 N
054 J001700 N
054 K001700 N
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054 M001700 Y
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054 O001700 N
055 A001700 N
055 B001700 N
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<PAGE> PAGE 88
062 P001700 0.0
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070 G021700 N
070 H011700 Y
070 H021700 N
070 I011700 Y
070 I021700 N
070 J011700 Y
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070 K011700 Y
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070 L021700 N
070 M011700 Y
070 M021700 Y
070 N011700 Y
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<PAGE> PAGE 89
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<PAGE> PAGE 90
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SIGNATURE WENDY MCGEE
TITLE LEGAL ASSISTANT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> WARBURG PINCUS GROWTH AND INCOME PORTFOLIO
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> BALANCED PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
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<PERIOD-END> AUG-31-1994
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> TAX-FREE PORTFOLIO
<S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
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<NAME> MONEY MARKET PORTFOLIO
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> MUNICIPAL MONEY MARKET PORTFOLIO
<S> <C>
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<PER-SHARE-NAV-BEGIN> [BLANK]
<PER-SHARE-NII> [BLANK]
<PER-SHARE-GAIN-APPREC> [BLANK]
<PER-SHARE-DIVIDEND> [BLANK]
<PER-SHARE-DISTRIBUTIONS> [BLANK]
<RETURNS-OF-CAPITAL> [BLANK]
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<EXPENSE-RATIO> [BLANK]
<AVG-DEBT-OUTSTANDING> [BLANK]
<AVG-DEBT-PER-SHARE> [BLANK]
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> GOVERNMENT OBLIGATIONS MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1994
<PERIOD-END> AUG-31-1994
<INVESTMENTS-AT-COST> [BLANK]
<INVESTMENTS-AT-VALUE> [BLANK]
<RECEIVABLES> [BLANK]
<ASSETS-OTHER> [BLANK]
<OTHER-ITEMS-ASSETS> [BLANK]
<TOTAL-ASSETS> [BLANK]
<PAYABLE-FOR-SECURITIES> [BLANK]
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<OTHER-ITEMS-LIABILITIES> [BLANK]
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<SENIOR-EQUITY> [BLANK]
<PAID-IN-CAPITAL-COMMON> [BLANK]
<SHARES-COMMON-STOCK> [BLANK]
<SHARES-COMMON-PRIOR> [BLANK]
<ACCUMULATED-NII-CURRENT> [BLANK]
<OVERDISTRIBUTION-NII> [BLANK]
<ACCUMULATED-NET-GAINS> [BLANK]
<OVERDISTRIBUTION-GAINS> [BLANK]
<ACCUM-APPREC-OR-DEPREC> [BLANK]
<NET-ASSETS> [BLANK]
<DIVIDEND-INCOME> [BLANK]
<INTEREST-INCOME> [BLANK]
<OTHER-INCOME> [BLANK]
<EXPENSES-NET> [BLANK]
<NET-INVESTMENT-INCOME> [BLANK]
<REALIZED-GAINS-CURRENT> [BLANK]
<APPREC-INCREASE-CURRENT> [BLANK]
<NET-CHANGE-FROM-OPS> [BLANK]
<EQUALIZATION> [BLANK]
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<DISTRIBUTIONS-OF-GAINS> [BLANK]
<DISTRIBUTIONS-OTHER> [BLANK]
<NUMBER-OF-SHARES-SOLD> [BLANK]
<NUMBER-OF-SHARES-REDEEMED> [BLANK]
<SHARES-REINVESTED> [BLANK]
<NET-CHANGE-IN-ASSETS> [BLANK]
<ACCUMULATED-NII-PRIOR> [BLANK]
<ACCUMULATED-GAINS-PRIOR> [BLANK]
<OVERDISTRIB-NII-PRIOR> [BLANK]
<OVERDIST-NET-GAINS-PRIOR> [BLANK]
<GROSS-ADVISORY-FEES> 1042373
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2721305
<AVERAGE-NET-ASSETS> 231729363
<PER-SHARE-NAV-BEGIN> [BLANK]
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<PER-SHARE-GAIN-APPREC> [BLANK]
<PER-SHARE-DIVIDEND> [BLANK]
<PER-SHARE-DISTRIBUTIONS> [BLANK]
<RETURNS-OF-CAPITAL> [BLANK]
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<AVG-DEBT-OUTSTANDING> [BLANK]
<AVG-DEBT-PER-SHARE> [BLANK]
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> NEW YORK MUNICIPAL MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1994
<PERIOD-END> AUG-31-1994
<INVESTMENTS-AT-COST> [BLANK]
<INVESTMENTS-AT-VALUE> [BLANK]
<RECEIVABLES> [BLANK]
<ASSETS-OTHER> [BLANK]
<OTHER-ITEMS-ASSETS> [BLANK]
<TOTAL-ASSETS> [BLANK]
<PAYABLE-FOR-SECURITIES> [BLANK]
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<OTHER-ITEMS-LIABILITIES> [BLANK]
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<SENIOR-EQUITY> [BLANK]
<PAID-IN-CAPITAL-COMMON> [BLANK]
<SHARES-COMMON-STOCK> [BLANK]
<SHARES-COMMON-PRIOR> [BLANK]
<ACCUMULATED-NII-CURRENT> [BLANK]
<OVERDISTRIBUTION-NII> [BLANK]
<ACCUMULATED-NET-GAINS> [BLANK]
<OVERDISTRIBUTION-GAINS> [BLANK]
<ACCUM-APPREC-OR-DEPREC> [BLANK]
<NET-ASSETS> [BLANK]
<DIVIDEND-INCOME> [BLANK]
<INTEREST-INCOME> [BLANK]
<OTHER-INCOME> [BLANK]
<EXPENSES-NET> [BLANK]
<NET-INVESTMENT-INCOME> [BLANK]
<REALIZED-GAINS-CURRENT> [BLANK]
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<DISTRIBUTIONS-OF-GAINS> [BLANK]
<DISTRIBUTIONS-OTHER> [BLANK]
<NUMBER-OF-SHARES-SOLD> [BLANK]
<NUMBER-OF-SHARES-REDEEMED> [BLANK]
<SHARES-REINVESTED> [BLANK]
<NET-CHANGE-IN-ASSETS> [BLANK]
<ACCUMULATED-NII-PRIOR> [BLANK]
<ACCUMULATED-GAINS-PRIOR> [BLANK]
<OVERDISTRIB-NII-PRIOR> [BLANK]
<OVERDIST-NET-GAINS-PRIOR> [BLANK]
<GROSS-ADVISORY-FEES> 193386
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 662097
<AVERAGE-NET-ASSETS> 55403448
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<AVG-DEBT-OUTSTANDING> [BLANK]
<AVG-DEBT-PER-SHARE> [BLANK]
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> HIGH YIELD BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1994
<PERIOD-END> AUG-31-1994
<INVESTMENTS-AT-COST> [BLANK]
<INVESTMENTS-AT-VALUE> [BLANK]
<RECEIVABLES> [BLANK]
<ASSETS-OTHER> [BLANK]
<OTHER-ITEMS-ASSETS> [BLANK]
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<PAYABLE-FOR-SECURITIES> [BLANK]
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<ACCUMULATED-NII-CURRENT> [BLANK]
<OVERDISTRIBUTION-NII> [BLANK]
<ACCUMULATED-NET-GAINS> [BLANK]
<OVERDISTRIBUTION-GAINS> [BLANK]
<ACCUM-APPREC-OR-DEPREC> [BLANK]
<NET-ASSETS> [BLANK]
<DIVIDEND-INCOME> [BLANK]
<INTEREST-INCOME> [BLANK]
<OTHER-INCOME> [BLANK]
<EXPENSES-NET> [BLANK]
<NET-INVESTMENT-INCOME> [BLANK]
<REALIZED-GAINS-CURRENT> [BLANK]
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<EQUALIZATION> [BLANK]
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<DISTRIBUTIONS-OF-GAINS> [BLANK]
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<NUMBER-OF-SHARES-SOLD> [BLANK]
<NUMBER-OF-SHARES-REDEEMED> [BLANK]
<SHARES-REINVESTED> [BLANK]
<NET-CHANGE-IN-ASSETS> [BLANK]
<ACCUMULATED-NII-PRIOR> [BLANK]
<ACCUMULATED-GAINS-PRIOR> [BLANK]
<OVERDISTRIB-NII-PRIOR> [BLANK]
<OVERDIST-NET-GAINS-PRIOR> [BLANK]
<GROSS-ADVISORY-FEES> 506
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1337
<AVERAGE-NET-ASSETS> 200308
<PER-SHARE-NAV-BEGIN> [BLANK]
<PER-SHARE-NII> [BLANK]
<PER-SHARE-GAIN-APPREC> [BLANK]
<PER-SHARE-DIVIDEND> [BLANK]
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<AVG-DEBT-OUTSTANDING> [BLANK]
<AVG-DEBT-PER-SHARE> [BLANK]
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> GOVERNMENT SECURITIES PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1994
<PERIOD-END> AUG-31-1994
<INVESTMENTS-AT-COST> [BLANK]
<INVESTMENTS-AT-VALUE> [BLANK]
<RECEIVABLES> [BLANK]
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<OVERDISTRIBUTION-NII> [BLANK]
<ACCUMULATED-NET-GAINS> [BLANK]
<OVERDISTRIBUTION-GAINS> [BLANK]
<ACCUM-APPREC-OR-DEPREC> [BLANK]
<NET-ASSETS> [BLANK]
<DIVIDEND-INCOME> [BLANK]
<INTEREST-INCOME> [BLANK]
<OTHER-INCOME> [BLANK]
<EXPENSES-NET> [BLANK]
<NET-INVESTMENT-INCOME> [BLANK]
<REALIZED-GAINS-CURRENT> [BLANK]
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<NET-CHANGE-FROM-OPS> [BLANK]
<EQUALIZATION> [BLANK]
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<DISTRIBUTIONS-OF-GAINS> [BLANK]
<DISTRIBUTIONS-OTHER> [BLANK]
<NUMBER-OF-SHARES-SOLD> [BLANK]
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<SHARES-REINVESTED> [BLANK]
<NET-CHANGE-IN-ASSETS> [BLANK]
<ACCUMULATED-NII-PRIOR> [BLANK]
<ACCUMULATED-GAINS-PRIOR> [BLANK]
<OVERDISTRIB-NII-PRIOR> [BLANK]
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<GROSS-ADVISORY-FEES> 228607
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 630913
<AVERAGE-NET-ASSETS> 57151706
<PER-SHARE-NAV-BEGIN> [BLANK]
<PER-SHARE-NII> [BLANK]
<PER-SHARE-GAIN-APPREC> [BLANK]
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<AVG-DEBT-OUTSTANDING> [BLANK]
<AVG-DEBT-PER-SHARE> [BLANK]
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> BEA INTERNATIONAL EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1994
<PERIOD-END> AUG-31-1994
<INVESTMENTS-AT-COST> [BLANK]
<INVESTMENTS-AT-VALUE> [BLANK]
<RECEIVABLES> [BLANK]
<ASSETS-OTHER> [BLANK]
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<PAYABLE-FOR-SECURITIES> [BLANK]
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<SHARES-COMMON-STOCK> [BLANK]
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<ACCUMULATED-NII-CURRENT> [BLANK]
<OVERDISTRIBUTION-NII> [BLANK]
<ACCUMULATED-NET-GAINS> [BLANK]
<OVERDISTRIBUTION-GAINS> [BLANK]
<ACCUM-APPREC-OR-DEPREC> [BLANK]
<NET-ASSETS> [BLANK]
<DIVIDEND-INCOME> [BLANK]
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<EXPENSES-NET> [BLANK]
<NET-INVESTMENT-INCOME> [BLANK]
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<DISTRIBUTIONS-OF-GAINS> [BLANK]
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<NUMBER-OF-SHARES-SOLD> [BLANK]
<NUMBER-OF-SHARES-REDEEMED> [BLANK]
<SHARES-REINVESTED> [BLANK]
<NET-CHANGE-IN-ASSETS> [BLANK]
<ACCUMULATED-NII-PRIOR> [BLANK]
<ACCUMULATED-GAINS-PRIOR> [BLANK]
<OVERDISTRIB-NII-PRIOR> [BLANK]
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<GROSS-ADVISORY-FEES> 3921423
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6391773
<AVERAGE-NET-ASSETS> 490177831
<PER-SHARE-NAV-BEGIN> [BLANK]
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> BEA EMERGING MARKETS EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1994
<PERIOD-END> AUG-31-1994
<INVESTMENTS-AT-COST> [BLANK]
<INVESTMENTS-AT-VALUE> [BLANK]
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<DIVIDEND-INCOME> [BLANK]
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<EXPENSES-NET> [BLANK]
<NET-INVESTMENT-INCOME> [BLANK]
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<SHARES-REINVESTED> [BLANK]
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<ACCUMULATED-NII-PRIOR> [BLANK]
<ACCUMULATED-GAINS-PRIOR> [BLANK]
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<GROSS-ADVISORY-FEES> 812954
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1637018
<AVERAGE-NET-ASSETS> 81279621
<PER-SHARE-NAV-BEGIN> [BLANK]
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> BEA STRATEGIC FIXED INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1994
<PERIOD-END> AUG-31-1994
<INVESTMENTS-AT-COST> [BLANK]
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<GROSS-EXPENSE> 1326896
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 14
<NAME> LAFFER/CANTO EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1994
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<INVESTMENTS-AT-COST> [BLANK]
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<GROSS-EXPENSE> 48400
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 15
<NAME> BEA U.S. CORE FIXED INCOME PORTFOLIO
<S> <C>
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<FISCAL-YEAR-END> AUG-31-1994
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<INVESTMENTS-AT-COST> [BLANK]
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 16
<NAME> BEA MUNICIPAL BOND FUND PORTFOLIO
<S> <C>
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<FISCAL-YEAR-END> AUG-31-1994
<PERIOD-END> AUG-31-1994
<INVESTMENTS-AT-COST> [BLANK]
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 17
<NAME> BEA GLOBAL FIXED INCOME PORTFOLIO
<S> <C>
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<FISCAL-YEAR-END> AUG-31-1994
<PERIOD-END> AUG-31-1994
<INVESTMENTS-AT-COST> [BLANK]
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