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<PAGE> PAGE 13
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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
028 D011100 210
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050 001100 N
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<PAGE> PAGE 42
062 B001100 0.0
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068 A001100 N
068 B001100 N
069 001100 N
070 A011100 Y
070 A021100 N
070 B011100 N
070 B021100 N
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070 C021100 N
070 D011100 N
070 D021100 N
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070 E021100 N
070 F011100 N
070 F021100 N
070 G011100 N
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 N
070 I021100 N
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070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 N
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<PAGE> PAGE 43
070 M021100 N
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<PAGE> PAGE 44
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008 B001201 A
008 C001201 801-833102
008 D011201 BOSTON
008 D021201 MA
008 D031201 02116
008 A001202 SALOMON BROTHERS ASSET MANAGEMENT
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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<PAGE> PAGE 47
070 F021200 N
070 G011200 N
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070 H011200 N
070 H021200 N
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070 K011200 Y
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070 L011200 N
070 L021200 N
070 M011200 N
070 M021200 N
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<PAGE> PAGE 48
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008 B001301 A
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<PAGE> PAGE 49
008 D011301 BOSTON,
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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070 E011300 N
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070 F011300 N
070 F021300 N
070 G011300 N
070 G021300 N
070 H011300 N
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 N
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<PAGE> PAGE 52
070 R011300 N
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<PAGE> PAGE 53
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008 A001401 NASL FINANCIAL SERVICES, INC.
008 B001401 A
008 C001401 801-833102
008 D011401 BOSTON
008 D021401 MA
008 D031401 02116
008 A001402 J.P. MORGAN INVESTMENT MANAGEMENT INC.
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008 D011402 NEW YORK
008 D021402 NY
008 D031402 10036
015 A001401 STATE STREET BANK AND TRUST COMPANY
015 B001401 C
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015 C031401 02109
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<PAGE> PAGE 54
025 A001402 NOMURA SECURITIES
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<PAGE> PAGE 55
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<PAGE> PAGE 56
069 001400 N
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070 E021400 N
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070 H011400 Y
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<PAGE> PAGE 57
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<PAGE> PAGE 58
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008 A001501 NASL FINANCIAL SERVICES, INC
008 B001501 A
008 C001501 801-833102
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008 D021501 MA
008 D031501 02116
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015 A001501 STATE STREET BANK AND TRUST COMPANY
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<PAGE> PAGE 59
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<PAGE> PAGE 60
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<PAGE> PAGE 61
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<PAGE> PAGE 64
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<PAGE> PAGE 66
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<PAGE> PAGE 67
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<PAGE> PAGE 69
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SIGNATURE RICHARD C. HIRTLE
TITLE VICE PRESIDENT
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
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<CIK> 0000848103
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS ANNUAL REPORT DATED OCTOBER 31, 1996 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
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<CIK> 0000848103
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<TABLE> <S> <C>
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS ANNUAL REPORT DATED OCTOBER 31, 1996 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
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<CIK> 0000848103
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS ANNUAL REPORT DATED OCTOBER 31, 1996 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS ANNUAL REPORT DATED OCTOBER 31, 1996 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS ANNUAL REPORT DATED OCTOBER 31, 1996 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS ANNUAL REPORT DATED OCTOBER 31, 1996 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
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<CIK> 0000848103
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS ANNUAL REPORT DATED OCTOBER 31, 1996 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
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<CIK> 0000848103
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS ANNUAL REPORT DATED OCTOBER 31, 1996 AND IS QUALIFIED IN ITS
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS ANNUAL REPORT DATED OCTOBER 31, 1996 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
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