<PAGE> PAGE 1
000 B000000 12/31/1999
000 C000000 0000860127
000 D000000 N
000 E000000 NC
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 DRESDNER RCM INVESTMENT FUNDS, INC.
001 B000000 811-6038
001 C000000 8007267240
002 A000000 FOUR EMBARCADERO CENTER
002 B000000 SAN FRANCISCO
002 C000000 CA
002 D010000 94111
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 DRESDNER RCM EUROPE FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 DRESDNER RCM GLOBAL INVESTORS LLC
008 B00AA01 A
008 C00AA01 801-56308
008 D01AA01 SAN FRANCISCO
008 D02AA01 CA
008 D03AA01 94111
011 A00AA01 FUNDS DISTRIBUTOR, INC.
011 B00AA01 8-16412
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02109
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
012 B00AA01 85-05003
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02110
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
<PAGE> PAGE 2
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA01 DRESDNER KLEINWORT BENSON NORTH AMERICA
014 B00AA01 8-49647
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
015 A00AA02 DRESDNER BANK AG
015 B00AA02 S
015 C01AA02 FRANKFURT
015 D01AA02 GERMANY
015 E03AA02 X
015 A00AA03 ERSTE BANK DER OESTERREICHISCHEN SPARKSSEN AG
015 B00AA03 S
015 C01AA03 VIENNA
015 D01AA03 AUSTRIA
015 E04AA03 X
015 A00AA04 BANQUE PARIBAS
015 B00AA04 S
015 C01AA04 PARIS
015 D01AA04 FRANCE
015 E04AA04 X
015 A00AA05 BANQUE PARIBAS
015 B00AA05 S
015 C01AA05 MILAN
015 D01AA05 ITALY
015 E04AA05 X
015 A00AA06 BANCO SANTANDER S.A.
015 B00AA06 S
015 C01AA06 MADRID
015 D01AA06 SPAIN
015 E04AA06 X
015 A00AA07 UNION BANK OF SWITZERLAND
015 B00AA07 S
015 C01AA07 ZURICH
015 D01AA07 SWITZERLAND
015 E04AA07 X
015 A00AA08 STATE STREET BANK AND TRUST COMPANY
015 B00AA08 S
015 C01AA08 LONDON
015 D01AA08 UNITED KINGDOM
015 E01AA08 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 14
019 C00AA00 DRCMGLOBAL
020 A000001 DRESDNER KLEINWORT BENSON NORTH AMERICA LLC
<PAGE> PAGE 3
020 B000001 04-2442748
020 C000001 388
020 A000002 JULIUS BAER SECURITIES
020 B000002 13-6174048
020 C000002 121
020 A000003 MORGAN STANLEY & CO
020 B000003 13-2655998
020 C000003 77
020 A000004 ABN AMRO
020 B000004 13-3227945
020 C000004 60
020 A000005 INTERMOBILIARE
020 B000005 00-0000000
020 C000005 49
020 A000006 CREDIT AGRICOLE INDOSUEZ
020 B000006 13-3518368
020 C000006 45
020 A000007 CS FIRST BOSTON
020 B000007 13-5659485
020 C000007 41
020 A000008 DEUTSCHE MORGAN GRENFELL
020 B000008 13-2730828
020 C000008 38
020 A000009 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000009 13-5674085
020 C000009 37
020 A000010 GOLDMAN SACHS & CO.
020 B000010 13-5108880
020 C000010 36
021 000000 1204
022 A000001 STATE STREET BANK AND TRUST
022 B000001 04-1867445
022 C000001 77610
022 D000001 0
022 A000002 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000002 13-5674085
022 C000002 4849
022 D000002 4707
022 A000003 GOLDMAN SACHS & CO
022 B000003 13-5108880
022 C000003 5681
022 D000003 0
022 A000004 MORGAN STANLEY & CO.
022 B000004 13-2655998
022 C000004 4983
022 D000004 0
022 A000005 ABN AMRO CHICAGO CORP.
022 B000005 13-3227945
022 C000005 1876
022 D000005 2413
022 A000006 CS FIRST BOSTON
<PAGE> PAGE 4
022 B000006 13-5659485
022 C000006 1642
022 D000006 1955
022 A000007 DEUTSCHE MORGAN GRENFELL
022 B000007 13-2730828
022 C000007 1454
022 D000007 0
022 A000008 BROWN BROTHERS HARRIMAN
022 B000008 13-4973745
022 C000008 0
022 D000008 459
022 A000009 LEHMAN BROTHERS
022 B000009 13-5669076
022 C000009 0
022 D000009 340
022 A000010 DONALDSON LUFKIN & JENRETTE
022 B000010 13-2741729
022 C000010 79
022 D000010 0
023 C000000 99070
023 D000000 11609
024 00AA00 Y
025 A00AA01 JULIUS BAER SECURITIES
025 B00AA01 13-6174048
025 C00AA01 E
025 D00AA01 453
025 A00AA02 BANCO NATIONALE DE PARIS
025 B00AA02 00-0000000
025 C00AA02 E
025 D00AA02 554
025 A00AA03 STATE STREET BANK AND TRUST
025 B00AA03 01-1867445
025 C00AA03 E
025 D00AA03 412
025 A00AA04 DEUSTCHE BANK AG
025 B00AA04 13-2730828
025 C00AA04 E
025 D00AA04 1098
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
<PAGE> PAGE 5
027 000000 Y
028 A01AA00 143
028 A02AA00 0
028 A03AA00 0
028 A04AA00 3661
028 B01AA00 34
028 B02AA00 0
028 B03AA00 0
028 B04AA00 2172
028 C01AA00 30
028 C02AA00 0
028 C03AA00 0
028 C04AA00 717
028 D01AA00 2
028 D02AA00 0
028 D03AA00 0
028 D04AA00 917
028 E01AA00 291
028 E02AA00 0
028 E03AA00 0
028 E04AA00 1486
028 F01AA00 9254
028 F02AA00 8465
028 F03AA00 0
028 F04AA00 3288
028 G01AA00 9754
028 G02AA00 8465
028 G03AA00 0
028 G04AA00 12241
028 H00AA00 0
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 Y
038 00AA00 409
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
<PAGE> PAGE 6
042 F00AA00 0
042 G00AA00 0
042 H00AA00 100
043 00AA00 91
044 00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.000
048 A01AA00 100000
048 A02AA00 1.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 100000
048 K02AA00 0.800
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 N
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
<PAGE> PAGE 7
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 Y
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 N
060 B00AA00 N
061 00AA00 5000
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 0.0
066 A00AA00 Y
066 B00AA00 N
066 C00AA00 Y
066 D00AA00 N
066 E00AA00 N
066 F00AA00 N
066 G00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 Y
069 00AA00 N
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 Y
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 Y
070 D02AA00 N
070 E01AA00 Y
<PAGE> PAGE 8
070 E02AA00 N
070 F01AA00 Y
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 N
070 H01AA00 Y
070 H02AA00 N
070 I01AA00 Y
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 Y
070 K01AA00 Y
070 K02AA00 N
070 L01AA00 Y
070 L02AA00 Y
070 M01AA00 Y
070 M02AA00 Y
070 N01AA00 Y
070 N02AA00 Y
070 O01AA00 Y
070 O02AA00 Y
070 P01AA00 Y
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 Y
070 R02AA00 N
071 A00AA00 202304
071 B00AA00 362350
071 C00AA00 99704
071 D00AA00 203
072 A00AA00 12
072 B00AA00 74
072 C00AA00 871
072 D00AA00 0
072 E00AA00 0
072 F00AA00 928
072 G00AA00 27
072 H00AA00 0
072 I00AA00 72
072 J00AA00 51
072 K00AA00 0
072 L00AA00 60
072 M00AA00 202
072 N00AA00 21
072 O00AA00 0
072 P00AA00 0
072 Q00AA00 40
072 R00AA00 55
072 S00AA00 429
072 T00AA00 91
<PAGE> PAGE 9
072 U00AA00 0
072 V00AA00 0
072 W00AA00 78
072 X00AA00 2054
072 Y00AA00 999
072 Z00AA00 -110
072AA00AA00 34049
072BB00AA00 0
072CC01AA00 0
072CC02AA00 21415
072DD01AA00 336
072DD02AA00 0
072EE00AA00 16858
073 A01AA00 0.0200
073 A02AA00 0.0000
073 B00AA00 3.1700
073 C00AA00 0.0000
074 A00AA00 899
074 B00AA00 0
074 C00AA00 412
074 D00AA00 0
074 E00AA00 0
074 F00AA00 67781
074 G00AA00 0
074 H00AA00 0
074 I00AA00 0
074 J00AA00 600
074 K00AA00 48
074 L00AA00 1216
074 M00AA00 3
074 N00AA00 70959
074 O00AA00 0
074 P00AA00 0
074 Q00AA00 0
074 R01AA00 0
074 R02AA00 0
074 R03AA00 0
074 R04AA00 3180
074 S00AA00 0
074 T00AA00 67779
074 U01AA00 4212
074 U02AA00 0
074 V01AA00 16.09
074 V02AA00 0.00
074 W00AA00 0.0000
074 X00AA00 1263
074 Y00AA00 0
075 A00AA00 0
075 B00AA00 69187
076 00AA00 0.00
077 A000000 Y
<PAGE> PAGE 10
077 B000000 Y
077 O000000 Y
077 Q010000 Y
078 000000 N
080 A00AA00 NATIONAL UNION FIRE INSURANCE CO PITTSBURGH
080 C00AA00 6375
081 A00AA00 Y
081 B00AA00 8
082 A00AA00 Y
082 B00AA00 10
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
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
086 A01AA00 0
086 A02AA00 0
086 B01AA00 0
086 B02AA00 0
086 C01AA00 0
086 C02AA00 0
086 D01AA00 0
086 D02AA00 0
086 E01AA00 0
086 E02AA00 0
086 F01AA00 0
086 F02AA00 0
010 A000101 STATE STREET BANK AND TRUST COMPANY
010 B000101 85-05003
010 C010101 BOSTON
010 C020101 MA
010 C030101 02110
SIGNATURE MICHAEL RILEY
TITLE ASSISTANT SECRETARY
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000860127
<NAME> DRESDNER RCM EUROPE FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 44426
<INVESTMENTS-AT-VALUE> 68193
<RECEIVABLES> 881
<ASSETS-OTHER> 1702
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 70776
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2866
<TOTAL-LIABILITIES> 2866
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 42582
<SHARES-COMMON-STOCK> 4212
<SHARES-COMMON-PRIOR> 3993
<ACCUMULATED-NII-CURRENT> (17)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1590
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23755
<NET-ASSETS> 67910
<DIVIDEND-INCOME> 871
<INTEREST-INCOME> 74
<OTHER-INCOME> 0
<EXPENSES-NET> 1055
<NET-INVESTMENT-INCOME> (110)
<REALIZED-GAINS-CURRENT> 34049
<APPREC-INCREASE-CURRENT> (21415)
<NET-CHANGE-FROM-OPS> 12524
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (336)
<DISTRIBUTIONS-OF-GAINS> (16858)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 583
<NUMBER-OF-SHARES-REDEEMED> (10914)
<SHARES-REINVESTED> 535
<NET-CHANGE-IN-ASSETS> (123559)
<ACCUMULATED-NII-PRIOR> (2619)
<ACCUMULATED-GAINS-PRIOR> 6773
<OVERDISTRIB-NII-PRIOR> (2619)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 928
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2054
<AVERAGE-NET-ASSETS> 69187
<PER-SHARE-NAV-BEGIN> 13.66
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 5.66
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (3.19)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.12
<EXPENSE-RATIO> 1.03
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
Report of Independent Accountants
To the Board of Directors and Shareholders
of the Dresdner RCM Investment Funds, Inc.:
In planning and performing our audit of the financial
statements of the Dresdner RCM Investment Funds
(consisting of the Dresdner RCM Europe Fund
hereinafter referred to as the Fund) for the year
ended December 31, 1999, we considered its internal
control, including control activities for
safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply
with the requirements of Form NSAR, not to provide
assurance on internal control.
The management of the Fund is responsible for
establishing and maintaining internal control. In
fulfilling this responsibility, estimates and
judgments by management are required to assess the
expected benefits and related costs of controls.
Generally, controls that are relevant to an audit
pertain to the entitys objective of preparing
financial statements for external purposes that are
fairly presented in conformity with generally
accepted accounting principles. Those controls
include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control,
errors or fraud may occur and not be detected. Also,
projection of any evaluation of internal control to
future periods is subject to the risk that controls
may become inadequate because of changes in
conditions or that the effectiveness of their design
and operation may deteriorate.
Our consideration of internal control would not
necessarily disclose all matters in internal control
that might be material weaknesses under standards
established by the American Institute of Certified
Public Accountants. A material weakness is a
condition in which the design or operation of one or
more of the internal control components does not
reduce to a relatively low level the risk that
misstatements caused by error or fraud in amounts
that would be material in relation to the financial
statements being audited may occur and not be
detected within a timely period by employees in the
normal course of performing their assigned functions.
However, we noted no matters involving internal
control and its operation, including controls for
safeguarding securities, that we consider to be
material weaknesses as defined above as of December
31, 1999.
This report is intended solely for the information
and use of the Board of Directors, management and the
Securities and Exchange Commission and is not
intended to be and should not be used by anyone other
than these specified parties.
PricewaterhouseCoopers LLP
Boston, Massachusetts
February 18, 2000
Dresdner RCM Europe Fund Inc.
Appendix A
Rule 10f3 Transactions
July 1 to December 31,1999
Date
Security
Registered Under the Securities Act of 1933
Purchase Price
Firm Commitment Underwriting
Commission Reasonable and Fair
Issuer in Operation 3 Years
Shares Purchased
% of Fund Assets
Purchased from an Unaffiliated Broker
Dealer Purchased From
% of Shares Purchased by DRCM Funds (1)
Fund Assets
Shares Offered
12/16/1999
Infonet Services Corp
Yes
$21.00
Yes
Yes
Yes
9,900
0.35%
Yes
MLCO
0.026%
$59,423,353
38,500,000
12/09/1999
Jazztel Plc ADR
Yes
$17.45
Yes
Yes
Yes
8,880
0.26%
Yes
MLCO
0.088%
$58,535,460
10,125,000
10/12/1999
Sonera OYJ Group Plc
No
$25.48
Yes
Yes
Yes
32,200
1.79%
Yes
GSCO
0.025%
$ 45,916,484
127,000,000
07/26/1999
Freeserve PLC ADR
Yes
$23.67
Yes
Yes
Yes
5,000
0.25%
Yes
CSFB
0.20%
47,310,679
17,600,000
09/17/1999
ST Microelectronics NV NY Reg. Shrs.
Yes
$74.63
Yes
Yes
Yes
2,100
0.36%
Yes
CSFB
0.02%
$43,379,965
28,600,000
(1) Represents purchases by all affiliated funds. The amount
of securities of any class of such issue to be purchased
in aggregate by an investment company utilizing Dresdner
RCM as an investment advisor may not exceed 10% of the
principal amount of the offering of that class
of securities.
