<PAGE> PAGE 1
000 A000000 06/30/97
000 C000000 0000848012
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 FFTW FUNDS, INC.
001 B000000 811-5796
001 C000000 2126813000
002 A000000 200 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10166
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 8
007 C010100 1
007 C020100 U.S. SHORT-TERM PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 WORLDWIDE PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 WORLDWIDE-HEDGED PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 INTERNATIONAL-HEDGED PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 STABLE RETURN PORTFOLIO
007 C030500 N
007 C010600 6
007 C010700 7
007 C010800 8
007 C020800 MORTGAGE TOTAL RETURN PORTFOLIO
007 C030800 N
007 C010900 9
007 C020900 INTERNATIONAL PORTFOLIO
007 C030900 N
007 C011000 10
007 C021000 MONEY MARKET PORTFOLIO
007 C031000 N
010 A00AA01 AMT CAPITAL SERVICES, INC.
010 B00AA01 8-47718
010 C01AA01 NEW YORK
<PAGE> PAGE 2
010 C02AA01 NY
010 C03AA01 10020
020 A000001 GOLDMAN SACHS & CO.
020 B000001 13-5108880
020 C000001 185
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 185
022 A000001 BANK OF BOSTON
022 B000001 04-2472499
022 C000001 9856135
022 D000001 0
022 A000002 LEHMAN BROTHERS, INC.
022 B000002 13-2518466
022 C000002 4244855
022 D000002 3745156
022 A000003 UBS SECURITIES, INC.
022 B000003 13-3873456
022 C000003 1802977
022 D000003 1505909
022 A000004 JP MORGAN SECURITIES, INC.
022 B000004 13-3224016
022 C000004 1494275
022 D000004 474891
022 A000005 SALOMON BROTHERS, INC.
022 B000005 13-3082694
022 C000005 2137329
022 D000005 1503007
022 A000006 SANWA BANK LTD.
022 B000006 13-3046258
022 C000006 3225589
022 D000006 1296489
022 A000007 GOLDMAN SACHS & COMPANY
022 B000007 13-5108880
022 C000007 1488389
022 D000007 1130923
022 A000008 CITIBANK
022 B000008 N/A
022 C000008 2019879
022 D000008 545772
022 A000009 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000009 13-2973073
022 C000009 1897834
022 D000009 1830630
<PAGE> PAGE 3
022 A000010 GREENWICH CAPITAL
022 B000010 N/A
022 C000010 1101214
022 D000010 1156535
023 C000000 29268476
023 D000000 13189312
024 00AA00 N
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
077 A000000 Y
077 C000000 Y
077 M000000 Y
077 Q010000 Y
078 000000 N
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 B00AA00 0
084 B00AA00 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
028 A010100 639990
028 A020100 2450
028 A030100 0
028 A040100 613776
028 B010100 392581
028 B020100 1812
028 B030100 0
028 B040100 425898
028 C010100 459483
028 C020100 1765
028 C030100 0
<PAGE> PAGE 4
028 C040100 431465
028 D010100 614477
028 D020100 2269
028 D030100 0
028 D040100 544401
028 E010100 480358
028 E020100 2428
028 E030100 0
028 E040100 371974
028 F010100 512725
028 F020100 2231
028 F030100 0
028 F040100 641916
028 G010100 3099614
028 G020100 12955
028 G030100 0
028 G040100 3029430
028 H000100 0
062 A000100 Y
062 B000100 0.7
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 1.7
062 H000100 0.0
062 I000100 0.0
062 J000100 1.8
062 K000100 0.0
062 L000100 32.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 52.5
062 R000100 0.0
063 A000100 161
063 B000100 0.0
064 A000100 N
071 A000100 627227
071 B000100 354718
071 C000100 327722
071 D000100 108
072 A000100 6
072 B000100 13916
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 343
072 G000100 128
072 H000100 0
<PAGE> PAGE 5
072 I000100 19
072 J000100 92
072 K000100 0
072 L000100 0
072 M000100 11
072 N000100 0
072 O000100 0
072 P000100 49
072 Q000100 0
072 R000100 16
072 S000100 3
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 26
072 X000100 687
072 Y000100 70
072 Z000100 13299
072AA000100 0
072BB000100 490
072CC010100 0
072CC020100 358
072DD010100 13299
072DD020100 0
072EE000100 0
073 A010100 0.2844
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 43
074 B000100 0
074 C000100 158594
074 D000100 275125
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 1748
074 K000100 43
074 L000100 3970
074 M000100 64
074 N000100 439587
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 2039
074 S000100 0
<PAGE> PAGE 6
074 T000100 437548
074 U010100 44540
074 U020100 0
074 V010100 9.82
074 V020100 0.00
074 W000100 0.0000
074 X000100 32
074 Y000100 635
075 A000100 0
075 B000100 461013
076 000100 0.00
028 A010200 12575
028 A020200 247
028 A030200 0
028 A040200 502
028 B010200 182
028 B020200 251
028 B030200 0
028 B040200 20
028 C010200 60
028 C020200 253
028 C030200 0
028 C040200 5156
028 D010200 0
028 D020200 267
028 D030200 0
028 D040200 0
028 E010200 750
028 E020200 286
028 E030200 0
028 E040200 4
028 F010200 4102
028 F020200 279
028 F030200 0
028 F040200 14
028 G010200 17669
028 G020200 1583
028 G030200 0
028 G040200 5696
028 H000200 0
062 A000200 Y
062 B000200 1.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 4.6
062 G000200 22.1
062 H000200 0.0
062 I000200 0.0
062 J000200 15.6
062 K000200 0.0
<PAGE> PAGE 7
062 L000200 0.0
062 M000200 29.4
062 N000200 2.3
062 O000200 0.0
062 P000200 0.0
062 Q000200 18.4
062 R000200 0.0
063 A000200 0
063 B000200 6.8
064 A000200 N
071 A000200 200272
071 B000200 205758
071 C000200 51916
071 D000200 386
072 A000200 6
072 B000200 2335
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 161
072 G000200 23
072 H000200 0
072 I000200 5
072 J000200 43
072 K000200 0
072 L000200 0
072 M000200 3
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 15
072 S000200 1
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 7
072 X000200 258
072 Y000200 18
072 Z000200 2095
072AA000200 0
072BB000200 3352
072CC010200 899
072CC020200 0
072DD010200 2093
072DD020200 0
072EE000200 0
073 A010200 0.2399
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
<PAGE> PAGE 8
074 A000200 2
074 B000200 0
074 C000200 37308
074 D000200 43122
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 10041
074 K000200 4
074 L000200 752
074 M000200 1577
074 N000200 92806
074 O000200 6160
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 602
074 S000200 0
074 T000200 86044
074 U010200 9201
074 U020200 0
074 V010200 9.35
074 V020200 0.00
074 W000200 0.0000
074 X000200 24
074 Y000200 61296
075 A000200 0
075 B000200 81268
076 000200 0.00
028 A010300 5436
028 A020300 159
028 A030300 0
028 A040300 0
028 B010300 11
028 B020300 154
028 B030300 0
028 B040300 89
028 C010300 11300
028 C020300 179
028 C030300 0
028 C040300 0
028 D010300 12
028 D020300 207
028 D030300 0
028 D040300 300
028 E010300 0
028 E020300 215
<PAGE> PAGE 9
028 E030300 0
028 E040300 0
028 F010300 13061
028 F020300 224
028 F030300 0
028 F040300 350
028 G010300 29820
028 G020300 1138
028 G030300 0
028 G040300 739
028 H000300 0
062 A000300 Y
062 B000300 1.1
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 3.3
062 G000300 8.2
062 H000300 0.0
062 I000300 0.0
062 J000300 46.9
062 K000300 0.0
062 L000300 0.0
062 M000300 25.6
062 N000300 1.6
062 O000300 0.0
062 P000300 0.0
062 Q000300 12.8
062 R000300 0.0
063 A000300 0
063 B000300 6.1
064 A000300 N
071 A000300 106044
071 B000300 100794
071 C000300 24013
071 D000300 420
072 A000300 6
072 B000300 1237
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 54
072 G000300 12
072 H000300 0
072 I000300 2
072 J000300 33
072 K000300 0
072 L000300 0
072 M000300 1
072 N000300 0
072 O000300 0
<PAGE> PAGE 10
072 P000300 0
072 Q000300 0
072 R000300 14
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 3
072 X000300 119
072 Y000300 23
072 Z000300 1141
072AA000300 473
072BB000300 0
072CC010300 192
072CC020300 0
072DD010300 1138
072DD020300 0
072EE000300 0
073 A010300 0.2893
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 1
074 B000300 0
074 C000300 36227
074 D000300 24395
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 6736
074 K000300 7
074 L000300 394
074 M000300 638
074 N000300 68398
074 O000300 7379
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 108
074 S000300 0
074 T000300 60911
074 U010300 5493
074 U020300 0
074 V010300 11.09
074 V020300 0.00
074 W000300 0.0000
074 X000300 13
<PAGE> PAGE 11
074 Y000300 53002
075 A000300 0
075 B000300 43321
076 000300 0.00
028 A010400 1944
028 A020400 532
028 A030400 0
028 A040400 2039
028 B010400 0
028 B020400 572
028 B030400 0
028 B040400 0
028 C010400 0
028 C020400 526
028 C030400 0
028 C040400 0
028 D010400 3500
028 D020400 548
028 D030400 0
028 D040400 2660
028 E010400 0
028 E020400 553
028 E030400 0
028 E040400 0
028 F010400 32000
028 F020400 571
028 F030400 0
028 F040400 0
028 G010400 37444
028 G020400 3302
028 G030400 0
028 G040400 4699
028 H000400 0
062 A000400 Y
062 B000400 3.7
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 6.7
062 G000400 3.0
062 H000400 0.0
062 I000400 10.8
062 J000400 1.3
062 K000400 0.0
062 L000400 13.4
062 M000400 0.0
062 N000400 1.8
062 O000400 0.0
062 P000400 0.0
062 Q000400 41.4
062 R000400 0.0
<PAGE> PAGE 12
063 A000400 0
063 B000400 2.6
071 A000400 224930
071 B000400 199592
071 C000400 23904
071 D000400 206
072 A000400 6
072 B000400 2993
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 258
072 G000400 36
072 H000400 0
072 I000400 2
072 J000400 55
072 K000400 0
072 L000400 0
072 M000400 4
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 15
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 15
072 X000400 385
072 Y000400 0
072 Z000400 2608
072AA000400 2246
072BB000400 0
072CC010400 733
072CC020400 0
072DD010400 3310
072DD020400 0
072EE000400 0
073 A010400 0.2352
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 2
074 B000400 0
074 C000400 64208
074 D000400 71238
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
<PAGE> PAGE 13
074 I000400 0
074 J000400 4706
074 K000400 0
074 L000400 34419
074 M000400 2
074 N000400 174575
074 O000400 7324
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 2282
074 S000400 0
074 T000400 164969
074 U010400 16542
074 U020400 0
074 V010400 9.97
074 V020400 0.00
074 W000400 0.0000
074 X000400 10
074 Y000400 132828
075 A000400 0
075 B000400 130057
076 000400 0.00
028 A010500 0
028 A020500 195
028 A030500 0
028 A040500 14002
028 B010500 0
028 B020500 143
028 B030500 0
028 B040500 0
028 C010500 0
028 C020500 151
028 C030500 0
028 C040500 0
028 D010500 0
028 D020500 144
028 D030500 0
028 D040500 1000
028 E010500 0
028 E020500 146
028 E030500 0
028 E040500 132
028 F010500 0
028 F020500 140
028 F030500 0
028 F040500 2006
028 G010500 0
028 G020500 919
<PAGE> PAGE 14
028 G030500 0
028 G040500 17140
028 H000500 0
062 A000500 Y
062 B000500 0.0
062 C000500 11.3
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 1.0
062 K000500 0.0
062 L000500 0.0
062 M000500 16.1
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 78.5
062 R000500 0.0
063 A000500 0
063 B000500 1.7
064 A000500 N
070 A010500 Y
070 A020500 Y
070 B010500 N
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 Y
070 E020500 Y
070 F010500 N
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
070 N010500 Y
<PAGE> PAGE 15
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 279477
071 B000500 295449
071 C000500 31575
071 D000500 885
072 A000500 6
072 B000500 1034
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 22
072 G000500 8
072 H000500 0
072 I000500 1
072 J000500 14
072 K000500 0
072 L000500 0
072 M000500 1
072 N000500 0
072 O000500 0
072 P000500 68
072 Q000500 0
072 R000500 11
072 S000500 0
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 7
072 X000500 132
072 Y000500 20
072 Z000500 922
072AA000500 105
072BB000500 0
072CC010500 0
072CC020500 66
072DD010500 922
072DD020500 0
072EE000500 0
073 A010500 0.3091
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 1
<PAGE> PAGE 16
074 B000500 0
074 C000500 3190
074 D000500 24519
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 961
074 K000500 11
074 L000500 130
074 M000500 1
074 N000500 28813
074 O000500 2867
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 27
074 S000500 0
074 T000500 25919
074 U010500 2607
074 U020500 0
074 V010500 9.94
074 V020500 0.00
074 W000500 0.0000
074 X000500 5
074 Y000500 65
075 A000500 0
075 B000500 29647
076 000500 0.00
028 A010800 197808
028 A020800 1732
028 A030800 0
028 A040800 0
028 B010800 15000
028 B020800 3122
028 B030800 0
028 B040800 0
028 C010800 0
028 C020800 2900
028 C030800 0
028 C040800 0
028 D010800 0
028 D020800 3032
028 D030800 0
028 D040800 1330
028 E010800 0
028 E020800 2790
028 E030800 0
<PAGE> PAGE 17
028 E040800 500
028 F010800 45629
028 F020800 2832
028 F030800 0
028 F040800 0
028 G010800 258437
028 G020800 16408
028 G030800 0
028 G040800 1830
028 H000800 0
062 A000800 Y
062 B000800 0.2
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 5.4
062 K000800 0.0
062 L000800 0.0
062 M000800 6.2
062 N000800 135.8
062 O000800 0.0
062 P000800 0.0
062 Q000800 21.8
062 R000800 0.5
063 A000800 0
063 B000800 3.5
064 A000800 N
071 A000800 13449357
071 B000800 12802394
071 C000800 659161
071 D000800 3607
072 A000800 6
072 B000800 13864
072 C000800 0
072 D000800 0
072 E000800 0
072 F000800 600
072 G000800 112
072 H000800 0
072 I000800 1
072 J000800 127
072 K000800 0
072 L000800 0
072 M000800 14
072 N000800 0
072 O000800 0
072 P000800 265
<PAGE> PAGE 18
072 Q000800 0
072 R000800 18
072 S000800 1
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 20
072 X000800 1158
072 Y000800 0
072 Z000800 12706
072AA000800 7156
072BB000800 0
072CC010800 0
072CC020800 264
072DD010800 16408
072DD020800 0
072EE000800 0
073 A010800 0.3812
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 6
074 B000800 42871
074 C000800 27488
074 D000800 1109248
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 5554
074 J000800 118191
074 K000800 0
074 L000800 35771
074 M000800 22
074 N000800 1339151
074 O000800 724307
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 116649
074 R030800 420
074 R040800 580
074 S000800 0
074 T000800 497195
074 U010800 48510
074 U020800 0
074 V010800 10.25
074 V020800 0.00
074 W000800 0.0000
074 X000800 10
074 Y000800 460854
<PAGE> PAGE 19
075 A000800 0
075 B000800 403148
076 000800 0.00
028 A010900 3011
028 A020900 165
028 A030900 0
028 A040900 1
028 B010900 0
028 B020900 158
028 B030900 0
028 B040900 0
028 C010900 2000
028 C020900 164
028 C030900 0
028 C040900 0
028 D010900 2
028 D020900 169
028 D030900 0
028 D040900 0
028 E010900 0
028 E020900 170
028 E030900 0
028 E040900 0
028 F010900 3324
028 F020900 178
028 F030900 0
028 F040900 0
028 G010900 8337
028 G020900 1004
028 G030900 0
028 G040900 1
028 H000900 0
062 A000900 Y
062 B000900 1.4
062 C000900 9.2
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 46.6
062 K000900 0.0
062 L000900 0.0
062 M000900 5.2
062 N000900 11.6
062 O000900 0.0
062 P000900 0.0
062 Q000900 30.6
062 R000900 0.0
063 A000900 0
<PAGE> PAGE 20
063 B000900 4.0
064 A000900 N
071 A000900 87631
071 B000900 91181
071 C000900 24315
071 D000900 360
072 A000900 6
072 B000900 1119
072 C000900 0
072 D000900 0
072 E000900 0
072 F000900 77
072 G000900 11
072 H000900 0
072 I000900 1
072 J000900 37
072 K000900 0
072 L000900 0
072 M000900 1
072 N000900 0
072 O000900 0
072 P000900 0
072 Q000900 0
072 R000900 14
072 S000900 0
072 T000900 0
072 U000900 0
072 V000900 0
072 W000900 1
072 X000900 142
072 Y000900 28
072 Z000900 1005
072AA000900 0
072BB000900 1943
072CC010900 0
072CC020900 151
072DD010900 1005
072DD020900 0
072EE000900 0
073 A010900 0.2505
073 A020900 0.0000
073 B000900 0.0000
073 C000900 0.0000
074 A000900 0
074 B000900 0
074 C000900 24589
074 D000900 20384
074 E000900 0
074 F000900 0
074 G000900 0
074 H000900 0
<PAGE> PAGE 21
074 I000900 0
074 J000900 2204
074 K000900 13
074 L000900 282
074 M000900 479
074 N000900 47951
074 O000900 4628
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 331
074 S000900 0
074 T000900 42992
074 U010900 4460
074 U020900 0
074 V010900 9.64
074 V020900 0.00
074 W000900 0.0000
074 X000900 6
074 Y000900 40761
075 A000900 0
075 B000900 32961
076 000900 0.00
008 A001001 FISCHER FRANCIS TREES & WATTS, INC.
008 B001001 A
008 C001001 801-10577
008 D011001 NEW YORK
008 D021001 NY
008 D031001 10166
028 A011000 710
028 A021000 110
028 A031000 0
028 A041000 22
028 B011000 0
028 B021000 100
028 B031000 0
028 B041000 514
028 C011000 0
028 C021000 109
028 C031000 0
028 C041000 105
028 D011000 0
028 D021000 106
028 D031000 0
028 D041000 226
028 E011000 60
028 E021000 114
028 E031000 0
028 E041000 10
<PAGE> PAGE 22
028 F011000 40
028 F021000 114
028 F031000 0
028 F041000 0
028 G011000 810
028 G021000 653
028 G031000 0
028 G041000 877
028 H001000 0
045 001000 Y
046 001000 N
047 001000 Y
048 001000 0.100
048 A011000 0
048 A021000 0.000
048 B011000 0
048 B021000 0.000
048 C011000 0
048 C021000 0.000
048 D011000 0
048 D021000 0.000
048 E011000 0
048 E021000 0.000
048 F011000 0
048 F021000 0.000
048 G011000 0
048 G021000 0.000
048 H011000 0
048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 0
048 K021000 0.000
058 A001000 N
059 001000 Y
060 A001000 N
060 B001000 N
061 001000 100000
062 A001000 Y
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 3.9
062 G001000 31.2
062 H001000 3.9
062 I001000 54.2
062 J001000 2.1
062 K001000 0.0
<PAGE> PAGE 23
062 L001000 4.4
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
063 A001000 74
063 B001000 0.0
070 A011000 Y
070 A021000 Y
070 B011000 N
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 N
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 N
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000 0
071 B001000 0
071 C001000 0
071 D001000 0
072 A001000 6
072 B001000 699
<PAGE> PAGE 24
072 C001000 0
072 D001000 0
072 E001000 0
072 F001000 25
072 G001000 11
072 H001000 0
072 I001000 2
072 J001000 9
072 K001000 0
072 L001000 0
072 M001000 3
072 N001000 0
072 O001000 0
072 P001000 0
072 Q001000 0
072 R001000 8
072 S001000 4
072 T001000 0
072 U001000 0
072 V001000 0
072 W001000 13
072 X001000 75
072 Y001000 31
072 Z001000 655
072AA001000 0
072BB001000 0
072CC011000 0
072CC021000 0
072DD011000 654
072DD021000 0
072EE001000 0
073 A011000 0.0234
073 A021000 0.0000
073 B001000 0.0000
073 C001000 0.0000
074 A001000 1
074 B001000 0
074 C001000 25532
074 D001000 0
074 E001000 0
074 F001000 0
074 G001000 0
074 H001000 0
074 I001000 0
074 J001000 0
074 K001000 0
074 L001000 116
074 M001000 24
074 N001000 25673
074 O001000 0
074 P001000 1
<PAGE> PAGE 25
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 38
074 S001000 0
074 T001000 25634
074 U011000 25611
074 U021000 0
074 V011000 1.00
074 V021000 0.00
074 W001000 1.0003
074 X001000 10
074 Y001000 0
075 A001000 25450
075 B001000 0
076 001000 0.00
SIGNATURE WILLIAM E. VASTARDIS
TITLE SECRETARY
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> INTERNATIONAL PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30,1997
<INVESTMENTS-AT-COST> 44991
<INVESTMENTS-AT-VALUE> 44973
<RECEIVABLES> 2499
<ASSETS-OTHER> 479
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 47951
<PAYABLE-FOR-SECURITIES> 4628
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 331
<TOTAL-LIABILITIES> 4959
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 44729
<SHARES-COMMON-STOCK> 4460
<SHARES-COMMON-PRIOR> 3506
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1700)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (37)
<NET-ASSETS> 42992
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1119
<OTHER-INCOME> 0
<EXPENSES-NET> 114
<NET-INVESTMENT-INCOME> 1005
<REALIZED-GAINS-CURRENT> (1943)
<APPREC-INCREASE-CURRENT> (151)
<NET-CHANGE-FROM-OPS> (1089)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1005
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 849
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 105
<NET-CHANGE-IN-ASSETS> 7246
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 77
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 142
<AVERAGE-NET-ASSETS> 32961
<PER-SHARE-NAV-BEGIN> 10.20
<PER-SHARE-NII> 0.25
<PER-SHARE-GAIN-APPREC> (0.56)
<PER-SHARE-DIVIDEND> 0.25
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 9.64
<EXPENSE-RATIO> .60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> MONEY MARKET PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30,1997
<INVESTMENTS-AT-COST> 25532
<INVESTMENTS-AT-VALUE> 25532
<RECEIVABLES> 116
<ASSETS-OTHER> 24
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 25673
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 39
<TOTAL-LIABILITIES> 39
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25611
<SHARES-COMMON-STOCK> 25611
<SHARES-COMMON-PRIOR> 25224
<ACCUMULATED-NII-CURRENT> 1
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 22
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 25634
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 699
<OTHER-INCOME> 0
<EXPENSES-NET> 44
<NET-INVESTMENT-INCOME> 655
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 655
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 654
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 587
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 22
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 25
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 75
<AVERAGE-NET-ASSETS> 25450
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> .00
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .35
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> STABLE RETURN PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 27653
<INVESTMENTS-AT-VALUE> 27709
<RECEIVABLES> 1102
<ASSETS-OTHER> 2
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 28813
<PAYABLE-FOR-SECURITIES> 2867
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 27
<TOTAL-LIABILITIES> 2894
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25718
<SHARES-COMMON-STOCK> 2607
<SHARES-COMMON-PRIOR> 4241
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 148
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 53
<NET-ASSETS> 25919
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1034
<OTHER-INCOME> 0
<EXPENSES-NET> 112
<NET-INVESTMENT-INCOME> 922
<REALIZED-GAINS-CURRENT> 105
<APPREC-INCREASE-CURRENT> (65)
<NET-CHANGE-FROM-OPS> 962
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 922
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 1727
<SHARES-REINVESTED> 93
<NET-CHANGE-IN-ASSETS> 16181
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 43
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 22
<INTEREST-EXPENSE> 68
<GROSS-EXPENSE> 132
<AVERAGE-NET-ASSETS> 29647
<PER-SHARE-NAV-BEGIN> 9.93
<PER-SHARE-NII> .31
<PER-SHARE-GAIN-APPREC> .01
<PER-SHARE-DIVIDEND> .31
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 9.94
<EXPENSE-RATIO> .30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> U.S. SHORT-TERM PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 433604
<INVESTMENTS-AT-VALUE> 433719
<RECEIVABLES> 5761
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 64
<TOTAL-ASSETS> 439587
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2039
<TOTAL-LIABILITIES> 2039
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 444214
<SHARES-COMMON-STOCK> 44540
<SHARES-COMMON-PRIOR> 36066
<ACCUMULATED-NII-CURRENT> 20
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6805)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 119
<NET-ASSETS> 437548
<DIVIDEND-INCOME> 13916
<INTEREST-INCOME> 29467
<OTHER-INCOME> 0
<EXPENSES-NET> 617
<NET-INVESTMENT-INCOME> 13299
<REALIZED-GAINS-CURRENT> (490)
<APPREC-INCREASE-CURRENT> (358)
<NET-CHANGE-FROM-OPS> 12451
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 13299
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 315186
<NUMBER-OF-SHARES-REDEEMED> 308029
<SHARES-REINVESTED> 1317
<NET-CHANGE-IN-ASSETS> 82291
<ACCUMULATED-NII-PRIOR> 20
<ACCUMULATED-GAINS-PRIOR> (6315)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 343
<INTEREST-EXPENSE> 49
<GROSS-EXPENSE> 687
<AVERAGE-NET-ASSETS> 461013
<PER-SHARE-NAV-BEGIN> 9.85
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> (0.03)
<PER-SHARE-DIVIDEND> 0.28
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 9.82
<EXPENSE-RATIO> .25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> WORLDWIDE PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 80513
<INVESTMENTS-AT-VALUE> 80430
<RECEIVABLES> 10797
<ASSETS-OTHER> 1579
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 92806
<PAYABLE-FOR-SECURITIES> 6160
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 602
<TOTAL-LIABILITIES> 6762
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 98583
<SHARES-COMMON-STOCK> 9201
<SHARES-COMMON-PRIOR> 7773
<ACCUMULATED-NII-CURRENT> 2
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (13520)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 979
<NET-ASSETS> 86044
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2335
<OTHER-INCOME> 0
<EXPENSES-NET> 240
<NET-INVESTMENT-INCOME> 2095
<REALIZED-GAINS-CURRENT> (3352)
<APPREC-INCREASE-CURRENT> 899
<NET-CHANGE-FROM-OPS> (358)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2093
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1874
<NUMBER-OF-SHARES-REDEEMED> 616
<SHARES-REINVESTED> 170
<NET-CHANGE-IN-ASSETS> 11106
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (10168)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 161
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 258
<AVERAGE-NET-ASSETS> 81268
<PER-SHARE-NAV-BEGIN> 9.64
<PER-SHARE-NII> 0.24
<PER-SHARE-GAIN-APPREC> (0.29)
<PER-SHARE-DIVIDEND> 0.24
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 9.35
<EXPENSE-RATIO> .60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> WORLDWIDE-HEDGED PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 60505
<INVESTMENTS-AT-VALUE> 60622
<RECEIVABLES> 7137
<ASSETS-OTHER> 639
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 68398
<PAYABLE-FOR-SECURITIES> 7379
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 108
<TOTAL-LIABILITIES> 7487
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 60949
<SHARES-COMMON-STOCK> 5493
<SHARES-COMMON-PRIOR> 2751
<ACCUMULATED-NII-CURRENT> 271
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (657)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 348
<NET-ASSETS> 60911
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1237
<OTHER-INCOME> 0
<EXPENSES-NET> 96
<NET-INVESTMENT-INCOME> 1141
<REALIZED-GAINS-CURRENT> 473
<APPREC-INCREASE-CURRENT> 192
<NET-CHANGE-FROM-OPS> 1806
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1138
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2706
<NUMBER-OF-SHARES-REDEEMED> 67
<SHARES-REINVESTED> 104
<NET-CHANGE-IN-ASSETS> 30887
<ACCUMULATED-NII-PRIOR> 268
<ACCUMULATED-GAINS-PRIOR> (1130)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 54
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 119
<AVERAGE-NET-ASSETS> 43321
<PER-SHARE-NAV-BEGIN> 10.91
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 0.18
<PER-SHARE-DIVIDEND> 0.29
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.09
<EXPENSE-RATIO> 0.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> INTERNATIONAL-HEDGED PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30,1997
<INVESTMENTS-AT-COST> 135528
<INVESTMENTS-AT-VALUE> 135446
<RECEIVABLES> 39125
<ASSETS-OTHER> 2
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 174575
<PAYABLE-FOR-SECURITIES> 7324
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2282
<TOTAL-LIABILITIES> 9606
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 164071
<SHARES-COMMON-STOCK> 16542
<SHARES-COMMON-PRIOR> 12924
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (702)
<ACCUMULATED-NET-GAINS> 1545
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 55
<NET-ASSETS> 164969
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2993
<OTHER-INCOME> 0
<EXPENSES-NET> 385
<NET-INVESTMENT-INCOME> 2608
<REALIZED-GAINS-CURRENT> 2246
<APPREC-INCREASE-CURRENT> 733
<NET-CHANGE-FROM-OPS> 5587
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3310
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3756
<NUMBER-OF-SHARES-REDEEMED> 472
<SHARES-REINVESTED> 334
<NET-CHANGE-IN-ASSETS> 38324
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (701)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 258
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 385
<AVERAGE-NET-ASSETS> 130057
<PER-SHARE-NAV-BEGIN> 9.80
<PER-SHARE-NII> 0.19
<PER-SHARE-GAIN-APPREC> 0.21
<PER-SHARE-DIVIDEND> 0.23
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 9.97
<EXPENSE-RATIO> .60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 98
<NAME> MORTGAGE TOTAL RETURN PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 1184975
<INVESTMENTS-AT-VALUE> 1185161
<RECEIVABLES> 153962
<ASSETS-OTHER> 28
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1339151
<PAYABLE-FOR-SECURITIES> 724307
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 117649
<TOTAL-LIABILITIES> 841956
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 494546
<SHARES-COMMON-STOCK> 48510
<SHARES-COMMON-PRIOR> 217560
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (4962)
<ACCUMULATED-NET-GAINS> 7418
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 193
<NET-ASSETS> 497195
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 13864
<OTHER-INCOME> 0
<EXPENSES-NET> 1158
<NET-INVESTMENT-INCOME> 12706
<REALIZED-GAINS-CURRENT> 7156
<APPREC-INCREASE-CURRENT> (264)
<NET-CHANGE-FROM-OPS> 19598
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 16408
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 25319
<NUMBER-OF-SHARES-SOLD> 180
<NUMBER-OF-SHARES-REDEEMED> 1615
<SHARES-REINVESTED> 180
<NET-CHANGE-IN-ASSETS> 1615
<ACCUMULATED-NII-PRIOR> 276205
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (1260)
<OVERDIST-NET-GAINS-PRIOR> 262
<GROSS-ADVISORY-FEES> 600
<INTEREST-EXPENSE> 265
<GROSS-EXPENSE> 1158
<AVERAGE-NET-ASSETS> 403148
<PER-SHARE-NAV-BEGIN> 10.16
<PER-SHARE-NII> .29
<PER-SHARE-GAIN-APPREC> .18
<PER-SHARE-DIVIDEND> .38
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.25
<EXPENSE-RATIO> 0.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
Exhibit 77C to FFTW Funds, Inc.'s NSAR-A.
Item 77C- Matters Submitted to a Vote of
Security Holders
On January 21, 1997 the following actions
were taken by shareholders:
a) The sole shareholder of the Broad Market
Portfolio, U.S. Treasury Portfolio, Money
Market Portfolio, Emerging Markets
Portfolio, Inflation-Indexed Portfolio,
and Inflation-Indexed Hedged Portfolio,
(collectively the "Portfolios") approved
the Advisory Agreements between the
Portfolios and Fischer Francis Trees &
Watts, Inc. (the "Adviser"),;
b) The sole shareholder for the Emerging
Markets Portfolio, Inflation-Indexed
Portfolio, and Inflation-Indexed Hedged of
the FFTW Funds, Inc., approved the Sub-
Advisory Agreements between Fischer Francis
Trees & Watts (the "Sub-Adviser") and the
Adviser.
FFTW FUNDS, INC.
Form N-SAR for the period ending
June 30, 1997
File Number 811-5796
This report is signed on behalf of the
Registrant in the City of New York and
the State of New York on the 29th day
of August, 1997
FFTW FUNDS, INC.
By: /s/ William E. Vastardis
William E. Vastardis
Secretary
Witness :/s/ Eric P. Nachimovsky
Eric P. Nachimovsky
