EXHIBIT 77.O
77.O TRANSACTIONS EFFECTED PURSUANT TO RULE 10F-3
Small Cap Fund (series #01):
Qualifying transactions are listed below. On a quarterly
basis, the Registrant's Board of Directors receives a Form
10F-3 containing information that enables them to determine
that all purchases made during the quarter were effected in
compliance with the Registrant's 10F-3 procedures.
1) Issuer: Exar Corporation
Date of Purchase: 03/07/2000
Underwriter from whom Purchased:
NationsBank Montgomery
Affiliated Underwriters:
BKB Robertson Stephens
Other Members of Syndicate:
Banc America Securities LLC
U.S. Bancorp Piper Jaffrey
Needham & Company
Aggregate dollar amount of purchase:
$2,400,000
Aggregate dollar amount of offering:
$200,000,000
Purchase price (net of fees and expenses):
$77.60
Date offering commenced:
03/07/2000
Commission: $2.40
2) Issuer: Fairmarket, Inc.
Date of Purchase: 03/14/2000
Underwriter from whom Purchased:
Deutsche Banc Alex Brown
Affiliated Underwriters:
BKB Robertson Stephens
Other Members of Syndicate:
U.S. Bancorp Piper Jaffrey
Aggregate dollar amount of purchase:
$255,000
Aggregate dollar amount of offering:
$85,000,000
Purchase price (net of fees and expenses):
$16.29
Date offering commenced:
03/14/2000
Commission: $0.71
3) Issuer: PSI Technologies
Date of Purchase: 03/16/2000
Underwriter from whom Purchased:
Hambrecht & Quist
Affiliated Underwriters:
BKB Robertson Stephens
Other Members of Syndicate:
Thomas Weisel Partners LLC
Aggregate dollar amount of purchase:
$160,000
Aggregate dollar amount of offering:
$56,000,000
Purchase price (net of fees and expenses):
$15.33
Date offering commenced:
03/16/2000
Commission: $0.67
High Yield Fund (series #03):
Qualifying transactions are listed below. On a quarterly
basis, the Registrant's Board of Directors receives a Form
10F-3 containing information that enables them to determine
that all purchases made during the quarter were effected in
compliance with the Registrant's 10F-3 procedures.
1) Issuer: Park Place Entertainment
Date of Purchase: 02/15/2000
Underwriter from whom Purchased:
Merrill Lynch & Co.
Affiliated Underwriters:
FleetBoston Corp.
Other Members of Syndicate:
Banc America Securities LLC
Bear Stearns & Co.
BNY Capital Markets
Deutsche Banc Alex Brown
First Union Securities
Scotia Capital, Inc.
SG Cowen Securities Corp
Wasserstein Perella & Co.
Aggregate dollar amount of purchase:
$7,000,000
Aggregate dollar amount of offering:
$50,000,000
Purchase price (net of fees and expenses):
$6,944,000
Date offering commenced:
02/15/2000
Commission: $56,000
