<PAGE>
- --------------------------------------------------------------------------------
Dimensional Investment Group Inc.
U.S. 6-10 Value Portfolio II
Annual Report
Year Ended November 30, 1999
-------------------------------------
<PAGE>
DIMENSIONAL INVESTMENT GROUP INC.
U.S. 6-10 VALUE PORTFOLIO II
ANNUAL REPORT
TABLE OF CONTENTS
<TABLE>
<CAPTION>
PAGE
----
<S> <C>
DIMENSIONAL INVESTMENT GROUP INC.
Performance Chart....................................... 1
Statement of Assets and Liabilities..................... 2
Statement of Operations................................. 3
Statements of Changes in Net Assets..................... 4
Financial Highlights.................................... 5
Notes to Financial Statements........................... 6-7
Report of Independent Accountants....................... 8
THE DFA INVESTMENT TRUST COMPANY -- THE U.S. 6-10 VALUE
SERIES
Performance Chart....................................... 9
Schedule of Investments................................. 10-27
Statement of Assets and Liabilities..................... 28
Statement of Operations................................. 29
Statements of Changes in Net Assets..................... 30
Financial Highlights.................................... 31
Notes to Financial Statements........................... 32-33
Report of Independent Accountants....................... 34
</TABLE>
This report is submitted for the information of the Fund's shareholders. It is
not authorized for distribution to prospective investors unless preceded or
accompanied by an effective prospectus.
i
<PAGE>
DIMENSIONAL INVESTMENT GROUP INC.
PERFORMANCE CHART
- --------------------------------------------------------------------------------
U.S. 6-10 VALUE PORTFOLIO II VS.
RUSSELL 2000 VALUE INDEX
SEPTEMBER 1994-NOVEMBER 1999
EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC
<TABLE>
<CAPTION>
GROWTH OF $10,000 U.S. 6-10 RUSSELL 2000
VALUE PORTFOLIO II VALUE INDEX
<S> <C> <C>
$10,000 $10,000
Sep-94 $9,961 $9,894
Oct-94 $9,816 $9,713
Nov-94 $9,477 $9,321
Dec-94 $9,568 $9,600
Jan-95 $9,666 $9,554
Feb-95 $10,001 $9,908
Mar-95 $10,119 $9,956
Apr-95 $10,473 $10,252
May-95 $10,758 $10,471
Jun-95 $11,181 $10,829
Jul-95 $11,780 $11,225
Aug-95 $12,153 $11,558
Sep-95 $12,291 $11,730
Oct-95 $11,691 $11,262
Nov-95 $12,121 $11,709
Dec-95 $12,327 $12,072
Jan-96 $12,287 $12,152
Feb-96 $12,547 $12,343
Mar-96 $12,888 $12,602
Apr-96 $13,551 $12,946
May-96 $14,082 $13,273
Jun-96 $13,781 $13,117
Jul-96 $12,918 $12,419
Aug-96 $13,499 $12,958
Sep-96 $13,961 $13,312
Oct-96 $14,062 $13,466
Nov-96 $14,724 $14,191
Dec-96 $15,046 $14,652
Jan-97 $15,436 $14,877
Feb-97 $15,425 $15,019
Mar-97 $15,026 $14,616
Apr-97 $14,954 $14,831
May-97 $16,379 $16,012
Jun-97 $17,404 $16,822
Jul-97 $18,439 $17,528
Aug-97 $19,096 $17,807
Sep-97 $20,572 $18,991
Oct-97 $19,844 $18,475
Nov-97 $19,669 $18,678
Dec-97 $19,687 $19,311
Jan-98 $19,453 $18,962
Feb-98 $20,915 $20,109
Mar-98 $21,769 $20,925
Apr-98 $22,195 $21,028
May-98 $21,352 $20,283
Jun-98 $20,925 $20,168
Jul-98 $19,387 $18,589
Aug-98 $15,822 $15,678
Sep-98 $16,269 $16,563
Oct-98 $16,964 $17,055
Nov-98 $17,862 $17,518
Dec-98 $18,276 $18,068
Jan-99 $18,565 $17,657
Feb-99 $17,035 $16,451
Mar-99 $16,710 $16,317
Apr-99 $18,503 $17,806
May-99 $19,368 $18,353
Jun-99 $20,560 $19,017
Jul-99 $20,463 $18,567
Aug-99 $19,908 $17,887
Sep-99 $19,379 $17,529
Oct-99 $18,704 $17,179
Nov-99 $19,570 $17,268
</TABLE>
<TABLE>
<CAPTION>
ANNUALIZED ONE FIVE FROM
TOTAL RETURN (%) YEAR YEARS SEPTEMBER 1994
---------------------------------------------------------
<S> <C> <C> <C>
9.57 15.61 13.64
</TABLE>
- - THE PORTFOLIO SEEKS TO CAPTURE RETURN PREMIUMS ASSOCIATED WITH HIGH
BOOK-TO-MARKET RATIOS BY INVESTING IN THE U.S. 6-10 VALUE SERIES OF THE DFA
INVESTMENT TRUST COPMANY WHICH IN TURN INVESTS IN U.S. SMALL COMPANIES ON A
MARKET CAP-WEIGHTED BASIS. THE SERIES INVESTS IN COMPANIES THAT HAVE AVERAGE
WEIGHTED MARKETS CAPS OF APPROXIMATELY $400 BILLION AND BOOK-TO-MARKET RATIOS
IN THE UPPER 30% OF PUBLICLY TRADED U.S. COMPANIES.
- - THE PORTFOLIO'S RETURNS IN FISCAL 1999 REFLECTED THE PERFORMANCE OF SMALL U.S.
COMPANIES WITH HIGH BOOK-TO-MARKET RATIOS.
Past performance is not predictive of future performance.
Russell 2000 Value Index is courtesy of Russell Analytic Services.
- --------------------------------------------------------------------------------
1
<PAGE>
DIMENSIONAL INVESTMENT GROUP INC.
U.S. 6-10 VALUE PORTFOLIO II
STATEMENT OF ASSETS AND LIABILITIES
NOVEMBER 30, 1999
(AMOUNTS IN THOUSANDS, EXCEPT SHARE AMOUNTS)
<TABLE>
<S> <C>
ASSETS:
Investment in The U.S. 6-10 Value Series of The DFA
Investment Trust Company
(4,088,854 Shares, Cost $60,342)++ at Value............... $ 70,165
Receivable for Fund Shares Sold............................. 49
Prepaid Expenses and Other Assets........................... 6
----------
Total Assets............................................ 70,220
----------
LIABILITIES:
Payable for Investment Securities Purchased................. 49
Accrued Expenses............................................ 21
----------
Total Liabilities....................................... 70
----------
NET ASSETS.................................................. $ 70,150
==========
SHARES OUTSTANDING, $.01 PAR VALUE
(Authorized 200,000,000).................................. 4,315,261
==========
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE.... $ 16.26
==========
NET ASSETS CONSIST OF:
Paid-In Capital............................................. $ 59,468
Undistributed Net Investment Income......................... 380
Undistributed Net Realized Gain............................. 479
Unrealized Appreciation of Investment Securities............ 9,823
----------
Total Net Assets........................................ $ 70,150
==========
</TABLE>
<TABLE>
<C> <S>
- -----------------------------------------------------------------
++ The cost for federal income tax purposes is $65,189.
</TABLE>
See accompanying Notes to Financial Statements.
2
<PAGE>
DIMENSIONAL INVESTMENT GROUP INC.
U.S. 6-10 VALUE PORTFOLIO II
STATEMENT OF OPERATIONS
FOR THE YEAR ENDED NOVEMBER 30, 1999
(AMOUNTS IN THOUSANDS)
<TABLE>
<S> <C>
INVESTMENT INCOME
Income Distributions Received from The DFA Investment
Trust Company........................................... $ 565
-------
EXPENSES
Administrative Services................................... 7
Accounting & Transfer Agent Fees.......................... 8
Shareholder Services...................................... 73
Legal Fees................................................ 4
Audit Fees................................................ 1
Filing Fees............................................... 16
Shareholders Reports...................................... 12
Directors' Fees and Expenses.............................. 1
Other..................................................... 8
-------
Total Expenses........................................ 130
-------
NET INVESTMENT INCOME..................................... 435
-------
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS
Capital Gain Distributions Received from The DFA
Investment Trust Company................................ 6,847
Net Realized Loss on Investment Securities................ (1,725)
Change in Unrealized Appreciation of Investment
Securities.............................................. 677
-------
NET GAIN ON INVESTMENT SECURITIES......................... 5,799
-------
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS........ $ 6,234
=======
</TABLE>
See accompanying Notes to Financial Statements.
3
<PAGE>
DIMENSIONAL INVESTMENT GROUP INC.
U.S. 6-10 VALUE PORTFOLIO II
STATEMENT OF CHANGES IN NET ASSETS
(AMOUNTS IN THOUSANDS)
<TABLE>
<CAPTION>
YEAR YEAR
ENDED ENDED
NOV. 30, NOV. 30,
1999 1998
--------- ---------
<S> <C> <C>
INCREASE (DECREASE) IN NET ASSETS
Operations:
Net Investment Income..................................... $ 435 $ 661
Capital Gain Distributions Received from The DFA
Investment Trust Company................................ 6,847 11,328
Net Realized Loss on Investment Securities................ (1,725) (4,227)
Change in Unrealized Appreciation (Depreciation) of
Investment Securities................................... 677 (16,234)
-------- --------
Net Increase (Decrease) in Net Assets Resulting from
Operations............................................ 6,234 (8,472)
-------- --------
Distributions From:
Net Investment Income..................................... (445) (723)
Net Realized Gains........................................ (8,447) (4,178)
-------- --------
Total Distributions................................... (8,892) (4,901)
-------- --------
Capital Share Transactions (1):
Shares Issued............................................. 27,928 30,514
Shares Issued in Lieu of Cash Distributions............... 8,892 4,901
Shares Redeemed........................................... (49,086) (62,029)
-------- --------
Net Decrease From Capital Share Transactions............ (12,266) (26,614)
-------- --------
Total Decrease.......................................... (14,924) (39,987)
NET ASSETS
Beginning of Period....................................... 85,074 125,061
-------- --------
End of Period............................................. $ 70,150 $ 85,074
======== ========
(1) SHARES ISSUED AND REDEEMED:
Shares Issued............................................. 1,766 1,708
Shares Issued in Lieu of Cash Distributions............... 611 272
Shares Redeemed........................................... (3,148) (3,409)
-------- --------
(771) (1,429)
======== ========
</TABLE>
See accompanying Notes to Financial Statements.
4
<PAGE>
DIMENSIONAL INVESTMENT GROUP INC.
U.S. 6-10 VALUE PORTFOLIO II
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
<TABLE>
<CAPTION>
YEAR YEAR YEAR YEAR YEAR
ENDED ENDED ENDED ENDED ENDED
NOV. 30, NOV. 30, NOV. 30, NOV. 30, NOV. 30,
1999 1998 1997 1996 1995
--------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C>
Net Asset Value, Beginning of Period.... $ 16.73 $ 19.20 $ 14.67 $ 12.13 $ 9.65
------- ------- -------- ------- -------
INCOME FROM INVESTMENT OPERATIONS
Net Investment Income................. 0.10 0.12 0.08 0.08 0.06
Net Gains (Losses) on Securities
(Realized and Unrealized)........... 1.29 (1.84) 4.77 2.51 2.63
------- ------- -------- ------- -------
Total from Investment Operations.... 1.39 (1.74) 4.85 2.59 2.69
------- ------- -------- ------- -------
LESS DISTRIBUTIONS
Net Investment Income................. (0.09) (0.11) (0.07) (0.01) (0.06)
Net Realized Gains.................... (1.77) (0.64) (0.25) (0.04) (0.15)
------- ------- -------- ------- -------
Total Distributions................. (1.86) (0.75) (0.32) (0.05) (0.21)
------- ------- -------- ------- -------
Net Asset Value, End of Period.......... $ 16.26 $ 16.73 $ 19.20 $ 14.67 $ 12.13
======= ======= ======== ======= =======
Total Return............................ 9.60% (9.19)% 33.75% 21.39% 27.90%
Net Assets, End of Period (thousands)... $70,150 $85,074 $125,061 $40,637 $14,290
Ratio of Expenses to Average Net
Assets (1)............................ 0.44% 0.45% 0.48% 0.85% 0.96%
Ratio of Expenses to Average Net Assets
(excluding waivers and assumption of
expenses) (1)......................... 0.44% 0.45% 0.47% 0.88% 1.50%
Ratio of Net Investment Income to
Average Net Assets.................... 0.59% 0.59% 0.62% 0.77% 0.68%
Ratio of Net Investment Income to
Average Net Assets (excluding waivers
and assumption of expenses)........... 0.59% 0.59% 0.63% 0.74% 0.14%
Portfolio Turnover Rate................. N/A N/A N/A N/A N/A
Portfolio Turnover Rate of Master Fund
Series................................ 29.41% 22.51% 25.47% 14.91% 20.62%
</TABLE>
<TABLE>
<C> <S>
- -----------------------------------------------------------------
(1) Represents the combined ratio for the Portfolio and its
respective pro-rata share of its Master Fund Series.
N/A Refer to the Master Fund Series
</TABLE>
See accompanying Notes to Financial Statements.
5
<PAGE>
DIMENSIONAL INVESTMENT GROUP INC.
NOTES TO FINANCIAL STATEMENTS
A. ORGANIZATION:
Dimensional Investment Group Inc. (the "Fund") is an open-end management
investment company registered under the Investment Company Act of 1940, whose
shares are offered to institutional investors, retirement plans and clients of
registered investment advisors. The Fund currently offers fourteen portfolios,
of which U.S. 6-10 Value Portfolio II (the "Portfolio") is presented in this
report.
Effective August 1, 1997, U.S. Small Cap Value Portfolio II changed its name
to U.S. 6-10 Value Portfolio II.
The Portfolio invests all of its assets in The U.S. 6-10 Value Series (the
"Series"), a corresponding series of The DFA Investment Trust Company. At
November 30, 1999, the Portfolio owned 3% of the outstanding shares of the
Series. The financial statements of the Series are included elsewhere in this
report and should be read in conjunction with the financial statements of the
Portfolio.
B. SIGNIFICANT ACCOUNTING POLICIES:
The following significant accounting policies are in conformity with
generally accepted accounting principles for investment companies. Such policies
are consistently followed by the Fund in preparation of its financial
statements. The preparation of financial statements in accordance with generally
accepted accounting principles may require management to make estimates and
assumptions that affect the reported amounts and disclosures in the financial
statements. Actual results could differ from those estimates.
1. SECURITY VALUATION: The shares of the Series held by the Portfolio are
valued at its respective daily net asset value.
2. FEDERAL INCOME TAXES: It is the Portfolio's intention to continue to
qualify as a regulated investment company and distribute all of its taxable
income. Accordingly, no provision for Federal income tax is required in the
financial statements.
3. OTHER: Security transactions are accounted for on the date the
securities are purchased or sold. Costs used in determining realized gains and
losses on the sale of investment securities are those of specific securities
sold. Dividend income and distributions to shareholders are recorded on the
ex-dividend date. The components of net assets may be adjusted for current
period permanent book/tax differences which arose principally from differing
book/tax treatments of net short-term capital gain distributions from The DFA
Investment Trust Company. Expenses directly attributable to the Portfolio or to
the Series are directly charged. Common expenses are allocated using methods
determined by the Board of Directors.
C. INVESTMENT ADVISOR:
Dimensional Fund Advisors Inc. ("DFA" or the "Advisor") provides
administrative services to the Portfolio, including supervision of services
provided by others, providing information to the shareholders and to the Board
of Directors, and other administrative services. The Advisor provides investment
advisory services to the Series. For the year ended November 30, 1999, the
Portfolio's Administrative fees were computed daily and paid monthly to the
Advisor at an effective annual rate of 0.01 of 1% of average daily net assets.
Certain officers of the Portfolio are also officers, directors and
shareholders of the Advisor.
Effective July 1, 1996, the Advisor has agreed to waive its fees and
reimburse the Portfolio to the extent necessary to keep the annual combined
expenses of the Portfolio and its respective Master Fund to not more than 0.75%
of average daily net assets. Prior to that date, the Advisor agreed to waive its
fees and reimburse the Portfolio to the extent necessary to keep the annual
combined expenses to not more than 0.96% of average daily net assets
6
<PAGE>
on an annualized basis. Annualized expenses are those expenses incurred in any
period consisting of twelve consecutive months. At November 30, 1999, there are
no previously waived fees subject to future reimbursement to the Advisor.
In addition, pursuant to an agreement with a Shareholder Service Agent, the
Portfolio pays to such agent a fee at the effective annual rate of .10% of its
average daily net assets.
D. INVESTMENTS:
At November 30, 1999, gross unrealized appreciation and depreciation for
federal income tax purposes of investment securities was as follows (amounts in
thousands):
<TABLE>
<S> <C>
Gross Unrealized Appreciation............................ $4,976
Gross Unrealized Depreciation............................ --
------
Net.................................................... $4,976
======
</TABLE>
E. LINE OF CREDIT:
The Fund, together with other DFA-advised portfolios, has entered into a $50
million unsecured line of credit with its domestic custodian bank. Each
portfolio is permitted to borrow, subject to its investment limitations, up to a
maximum of $50 million. Borrowings under the line are charged interest at the
current overnight federal funds rate plus a variable rate determined at the date
of borrowing. Each portfolio is individually, and not jointly liable for its
particular advances under the line. There is no commitment fee on the unused
portion of the line of credit. There were no borrowings under the line of credit
by the Portfolio during the year ended November 30, 1999.
7
<PAGE>
REPORT OF INDEPENDENT ACCOUNTANTS
TO THE SHAREHOLDERS AND BOARD OF DIRECTORS OF
DIMENSIONAL INVESTMENT GROUP INC.:
In our opinion, the accompanying statement of assets and liabilities, and
the related statements of operations and of changes in net assets and the
financial highlights present fairly, in all material respects, the financial
position of U.S. 6-10 Value Portfolio II (constituting a portfolio within the
Dimensional Investment Group Inc., hereafter referred to as the "Fund") at
November 30, 1999, and the results of its operations for the year then ended,
the changes in its net assets for each of the two years in the period then ended
and the financial highlights for each of the five years in the period then
ended, in conformity with generally accepted accounting principles. These
financial statements and financial highlights (hereafter referred to as
"financial statements") are the responsibility of the Fund's management; our
responsibility is to express an opinion on these financial statements based on
our audits. We conducted our audits of these financial statements in accordance
with generally accepted auditing standards, which require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements, assessing the accounting principles used and significant estimates
made by management, and evaluating the overall financial statement presentation.
We believe that our audits, which included confirmation of securities at
November 30, 1999 by correspondence with the custodian, provide a reasonable
basis for the opinion expressed above.
PricewaterhouseCoopers LLP
2400 Eleven Penn Center
Philadelphia, Pennsylvania
January 14, 2000
8
<PAGE>
THE DFA INVESTMENT TRUST COMPANY
PERFORMANCE CHART
- --------------------------------------------------------------------------------
U.S. 6-10 VALUE SERIES VS.
RUSSELL 2000 VALUE INDEX
APRIL 1993-NOVEMBER 1999
EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC
<TABLE>
<CAPTION>
GROWTH OF $10,000 U.S. 6-10 VALUE SERIES RUSSELL 2000 VALUE INDEX
<S> <C> <C>
Mar-93 $10,000 $10,000
Apr-93 $9,788 $9,760
May-93 $10,050 $10,067
Jun-93 $10,060 $10,162
Jul-93 $10,363 $10,337
Aug-93 $10,706 $10,741
Sep-93 $11,079 $10,999
Oct-93 $11,452 $11,251
Nov-93 $11,260 $10,964
Dec-93 $11,486 $11,286
Jan-94 $12,079 $11,688
Feb-94 $12,049 $11,654
Mar-94 $11,650 $11,133
Apr-94 $11,731 $11,242
May-94 $11,772 $11,226
Jun-94 $11,558 $10,936
Jul-94 $11,752 $11,138
Aug-94 $12,161 $11,576
Sep-94 $12,120 $11,453
Oct-94 $11,947 $11,243
Nov-94 $11,545 $10,789
Dec-94 $11,664 $11,113
Jan-95 $11,789 $11,060
Feb-95 $12,205 $11,469
Mar-95 $12,350 $11,525
Apr-95 $12,787 $11,867
May-95 $13,152 $12,121
Jun-95 $13,673 $12,536
Jul-95 $14,422 $12,993
Aug-95 $14,879 $13,379
Sep-95 $15,067 $13,579
Oct-95 $14,339 $13,037
Nov-95 $14,872 $13,554
Dec-95 $15,133 $13,974
Jan-96 $15,089 $14,067
Feb-96 $15,415 $14,288
Mar-96 $15,849 $14,588
Apr-96 $16,675 $14,986
May-96 $17,327 $15,365
Jun-96 $16,968 $15,184
Jul-96 $15,915 $14,376
Aug-96 $16,644 $15,000
Sep-96 $17,209 $15,409
Oct-96 $17,340 $15,588
Nov-96 $18,166 $16,427
Dec-96 $18,569 $16,961
Jan-97 $19,052 $17,222
Feb-97 $19,052 $17,385
Mar-97 $18,558 $16,919
Apr-97 $18,478 $17,168
May-97 $20,234 $18,535
Jun-97 $21,509 $19,473
Jul-97 $22,795 $20,290
Aug-97 $23,611 $20,613
Sep-97 $25,436 $21,984
Oct-97 $24,541 $21,386
Nov-97 $24,335 $21,621
Dec-97 $24,359 $22,354
Jan-98 $24,067 $21,949
Feb-98 $25,888 $23,277
Mar-98 $26,945 $24,222
Apr-98 $27,481 $24,341
May-98 $26,437 $23,479
Jun-98 $25,913 $23,346
Jul-98 $24,014 $21,518
Aug-98 $19,593 $18,148
Sep-98 $20,153 $19,173
Oct-98 $21,020 $19,743
Nov-98 $22,132 $20,278
Dec-98 $22,652 $20,915
Jan-99 $23,016 $20,440
Feb-99 $21,118 $19,044
Mar-99 $20,725 $18,888
Apr-99 $22,947 $20,612
May-99 $24,030 $21,245
Jun-99 $25,505 $22,014
Jul-99 $25,393 $21,492
Aug-99 $24,705 $20,706
Sep-99 $24,057 $20,291
Oct-99 $23,227 $19,886
Nov-99 $24,294 $19,989
</TABLE>
<TABLE>
<CAPTION>
ANNUALIZED ONE FIVE FROM
TOTAL RETURN (%) YEAR YEARS APRIL 1993
-----------------------------------------------------
<S> <C> <C> <C>
9.77 16.04 14.24
</TABLE>
- - THE SERIES SEEKS TO CAPTURE RETURN PREMIUMS ASSOCIATED WITH HIGH
BOOK-TO-MARKET RATIOS BY INVESTING IN U.S. SMALL COMPANIES ON A MARKET
CAP-WEIGHTED BASIS. THE SERIES INVESTS IN COMPANIES THAT HAVE AVERAGE WEIGHTED
MARKETS CAPS OF APPROXIMATELY $400 MILLION AND BOOK-TO-MARKET RATIOS IN THE
UPPER 30% OF PUBLICLY TRADED U.S. COMPANIES.
- - THE SERIES' RETURNS IN FISCAL 1999 REFLECTED THE PERFORMANCE OF SMALL U.S.
COMPANIES WITH HIGH BOOK-TO-MARKET RATIOS.
Past performance is not predictive of future performance.
Russell 2000 Value Index is courtesy of Russell Analytic Services.
- --------------------------------------------------------------------------------
9
<PAGE>
THE U.S. 6-10 VALUE SERIES
SCHEDULE OF INVESTMENTS
NOVEMBER 30, 1999
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
COMMON STOCKS -- (98.6%)
*3-D Systems Corp..................................... 130,700 $ 1,010,883
*3Dfx Interactive, Inc................................ 139,895 1,241,568
*800-Jr Cigar, Inc.................................... 1,000 8,375
*A.C. Moore Arts & Crafts, Inc........................ 62,400 308,100
AAR Corp.............................................. 477,900 7,885,350
ABC Bancorp........................................... 15,900 209,681
*ABC Rail Products Corp............................... 55,400 616,325
*ACT Manufacturing, Inc............................... 48,050 1,467,027
*ACT Networks, Inc.................................... 156,700 1,273,187
*ACX Technologies, Inc................................ 314,000 2,904,500
*ADE Corp............................................. 141,900 2,540,897
*AEP Industries, Inc.................................. 71,350 2,104,825
*AG Services America, Inc............................. 2,900 42,594
AK Steel Holding Corp................................. 169,241 2,803,054
*AMF Bowling, Inc..................................... 4,600 14,662
*#ARV Assisted Living, Inc............................ 227,900 470,044
ASB Financial Corp.................................... 14,700 159,403
Abington Bancorp, Inc................................. 42,700 548,428
Abrams Industries, Inc................................ 10,000 40,625
*Abraxas Petroleum Corp............................... 88,200 90,956
*Acceptance Insurance Companies, Inc.................. 278,100 1,772,887
Aceto Corp............................................ 82,960 938,485
*Acme Electric Corp................................... 56,000 372,750
*Acme United Corp..................................... 8,700 9,244
*Acorn Products, Inc.................................. 16,000 33,000
*Active Voice Corp.................................... 49,900 1,347,300
*Acuson Corp.......................................... 4,400 50,875
Adams Resources & Energy, Inc......................... 6,600 57,750
*Adaptive Broadband Corp.............................. 139,200 5,550,600
*Adept Technology, Inc................................ 143,600 919,937
*Advance Lighting Technologies, Inc................... 90,500 500,578
*#Advanced Aerodynamics & Structures, Inc............. 5,000 10,078
*Advanced Communications Group, Inc................... 188,300 1,494,631
*Advanced Digital Information Corp.................... 16,500 736,312
*Advanced Magnetics, Inc.............................. 86,400 307,800
Advanced Marketing Services, Inc...................... 92,250 1,882,477
*Advanced Neuromodulation Systems, Inc................ 92,360 689,814
Advanta Corp. Class A................................. 115,413 2,012,514
Advanta Corp. Class B Non-Voting...................... 179,325 2,308,809
Advest Group, Inc..................................... 99,100 1,777,606
*Aehr Test Systems.................................... 81,400 404,456
*Aerovox, Inc......................................... 60,800 167,200
*Aetrium, Inc......................................... 5,200 27,787
*Aftermarket Technology Corp.......................... 41,600 358,800
Agco Corp............................................. 709,500 9,001,781
*Agribiotech, Inc..................................... 89,200 287,112
*Agribrands International, Inc........................ 45,100 2,122,519
*#Aht Corp............................................ 163,900 732,428
*Air Methods Corp..................................... 96,500 346,797
*Airgas, Inc.......................................... 220,900 2,153,775
*Airnet Systems, Inc.................................. 39,600 212,850
*Airtran Holdings, Inc................................ 14,600 66,841
Alamo Group, Inc...................................... 103,300 1,033,000
*Albany International Corp. Class A................... 6,000 101,250
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
Alba-Waldensian, Inc.................................. 9,400 $ 171,550
*Aldila, Inc.......................................... 178,100 236,539
Alfa Corp............................................. 119,900 2,105,744
Alico, Inc............................................ 79,400 1,280,325
*Align-Rite International, Inc........................ 56,400 1,069,837
*All Amer Semiconductor Inc........................... 7,860 25,422
Allen Organ Co. Class B............................... 5,000 190,312
*Allen Telecom, Inc................................... 302,600 2,836,875
Alliance Bancorp...................................... 132,320 2,629,860
*Alliance Pharmaceuticals Corp........................ 14,400 64,350
*Alliance Semiconductor Corp.......................... 455,900 6,582,056
*Allied Healthcare Products, Inc...................... 130,000 377,812
*Allied Holdings, Inc................................. 96,600 676,200
Allied Products Corp.................................. 190,400 690,200
*Allied Research Corp................................. 60,600 386,325
*Allin Communications Corp............................ 90,000 450,000
*Allou Health & Beauty Care, Inc. Class A............. 71,900 525,769
*Allstars Systems, Inc................................ 68,500 97,398
*Alpha Industries, Inc................................ 41,300 2,499,941
*Alpha Technologies Group, Inc........................ 74,400 462,675
*Alphanet Solutions, Inc.............................. 74,800 350,625
*Alternative Resources Corp........................... 600 3,169
*Alterra Healthcare Corp.............................. 472,000 3,569,500
Ambanc Holding Co., Inc............................... 58,900 933,197
*Ambassadors, Inc..................................... 34,900 426,434
Amcast Industrial Corp................................ 143,800 2,013,200
Amcol International Corp.............................. 25,600 454,400
*Amerco, Inc.......................................... 36,400 953,225
*America West Holdings Corp. Class B.................. 152,400 3,076,575
American Bank of Connecticut.......................... 46,600 1,124,225
American Biltrite, Inc................................ 41,000 609,875
American Business Products, Inc....................... 200,000 2,137,500
*American Coin Merchandising, Inc..................... 43,900 113,866
*American Ecology Corp................................ 51,900 82,716
*American Freightways Corp............................ 602,000 10,403,312
*American Healthcorp, Inc............................. 2,500 12,344
*American Homepatient, Inc............................ 163,700 120,217
*American Homestar Corp............................... 62,800 258,069
*American Indemnity Finl Escrow....................... 14,200 14,200
*American Medical Electronics, Inc. (Escrow-Bonus).... 20,800 0
*American Medical Electronics, Inc.
(Escrow-Earnings)................................... 20,800 0
*American Medical Security Group, Inc................. 249,000 1,462,875
*American Mobile Satellite Corp....................... 217,200 3,427,687
*American Pacific Corp................................ 92,500 679,297
*American Physicians Services Group, Inc.............. 44,400 215,062
*American Precision Industries, Inc................... 53,600 582,900
*American Retirement Corp............................. 6,000 51,750
*American Skiing Co................................... 16,000 64,000
*American Software, Inc. Class A...................... 204,500 1,012,914
*American Technical Ceramics Corp..................... 43,200 599,400
American Vanguard Corp................................ 7,040 37,400
American Woodmark Corp................................ 35,010 723,175
Americana Bancorp, Inc................................ 25,630 426,900
</TABLE>
10
<PAGE>
THE U.S. 6-10 VALUE SERIES
CONTINUED
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Amerihost Properties, Inc............................ 70,000 $ 235,156
*Ameripath, Inc....................................... 239,200 1,954,712
*Ameristar Casinos, Inc............................... 164,100 646,144
Ameron, Inc........................................... 44,900 1,939,119
Amerus Life Holdings, Inc. Class A.................... 73,785 1,738,559
*Ames Department Stores, Inc.......................... 121,100 3,212,934
*Amistar Corp......................................... 42,300 48,248
Ampco-Pittsburgh Corp................................. 190,100 2,340,606
Amplicon, Inc......................................... 16,200 171,112
*Amrep Corp........................................... 91,492 434,587
*Amresco, Inc......................................... 659,800 1,329,909
*Amtran, Inc.......................................... 117,000 2,281,500
Amwest Insurance Group, Inc........................... 56,340 394,380
*Anadigics, Inc....................................... 57,100 2,562,362
Analogic Corp......................................... 80,700 2,408,391
*Anaren Microwave, Inc................................ 4,300 187,319
Anchor Bancorp Wisconsin, Inc......................... 57,312 915,201
Andersons, Inc........................................ 59,100 515,278
Andover Bancorp, Inc. DE.............................. 71,825 2,156,995
Angelica Corp......................................... 172,400 1,724,000
*Anicom, Inc.......................................... 285,200 1,323,506
*Ann Taylor Stores Corp............................... 57,900 2,500,556
*Antec Corp........................................... 181,000 10,136,000
Apogee Enterprises, Inc............................... 2,200 13,200
*Apple Orthodontix, Inc............................... 45,900 22,950
*Applied Digital Solutions, Inc....................... 18,500 116,203
*Applied Extrusion Technologies, Inc.................. 202,700 1,298,547
*Applied Films Corp................................... 38,000 169,812
*Applied Graphics Technologies, Inc................... 220,900 2,084,744
Applied Industrial Technologies, Inc.................. 470,000 8,048,750
*Applied Microsystems Corp............................ 112,200 946,687
Applied Signal Technologies, Inc...................... 91,300 1,243,962
*Apria Healthcare Group, Inc.......................... 6,200 86,412
*Aquila Biopharmaceuticals, Inc....................... 101,000 145,187
*Arcadia Financial, Ltd............................... 579,500 2,607,750
*Arch Chemicals, Inc.................................. 18,100 282,812
Arch Coal, Inc........................................ 327,600 3,194,100
*Arch Communications Group, Inc....................... 95,800 609,228
Arctic Cat, Inc....................................... 232,000 2,363,500
Argonaut Group, Inc................................... 128,600 2,973,875
*Argosy Gaming Corp................................... 233,400 3,296,775
*#Ariel Corp.......................................... 19,500 241,922
*Ark Restaurants Corp................................. 8,500 82,875
*Arkansas Best Corp................................... 220,900 2,768,153
Arnold Industries, Inc................................ 233,300 2,952,703
*Arqule, Inc.......................................... 147,100 900,987
Arrow Financial Corp.................................. 7,555 151,808
*Artisoft, Inc........................................ 51,600 698,212
*Asahi/America, Inc................................... 55,500 522,047
*Asante Technologies, Inc............................. 94,200 79,481
*Ascent Assurance, Inc................................ 222 409
*Ascent Entertainment Group, Inc...................... 323,396 3,911,070
*Asche Transportation Services, Inc................... 55,600 173,750
*Ashworth, Inc........................................ 177,600 818,625
*Aspect Telecommunications Corp....................... 52,300 1,729,169
*Astea International, Inc............................. 24,400 93,025
*Astec Industries, Inc................................ 11,500 290,016
Astro-Med, Inc........................................ 51,575 319,120
*Astronics Corp....................................... 22,687 216,944
*Asyst Technologies, Inc.............................. 115,700 4,635,231
Atalanta Sosnoff Capital Corp......................... 66,100 553,587
*Atchison Casting Corp................................ 151,300 1,513,000
*Athey Products Corp.................................. 17,140 24,639
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Atlantic American Corp............................... 33,300 $ 94,697
*Atlantis Plastics, Inc............................... 60,000 885,000
*Atrion Corp.......................................... 37,750 445,922
*Audiovox Corp. Class A............................... 257,000 7,645,750
*Ault, Inc............................................ 96,700 743,381
*Aura Systems, Inc.................................... 40,000 17,800
*Aurora Foods, Inc.................................... 135,000 1,215,000
*Auspex Systems, Inc.................................. 315,100 3,889,516
*Autologic Information International, Inc............. 7,100 19,525
#Avado Brands, Inc.................................... 221,400 1,072,406
*Avalon Holding Corp. Class A......................... 25,112 128,699
*Avatar Holdings, Inc................................. 42,600 716,212
*Aviall, Inc.......................................... 133,900 1,020,987
*#Aviation Sales Co................................... 28,500 402,562
*Avid Technology, Inc................................. 93,400 1,041,994
*Avis Rent A Car, Inc................................. 28,600 546,975
*Avnet, Inc........................................... 57,448 3,156,049
*Avteam, Inc. Class A................................. 151,800 685,472
*Axsys Technologies, Inc.............................. 50,800 571,500
*Aztar Corp........................................... 669,100 7,151,006
Aztec Manufacturing Co................................ 2,500 23,750
B B & T Corp.......................................... 62,444 2,006,013
*BCT International, Inc............................... 11,100 15,956
*BEI Electronics, Inc................................. 86,000 104,812
BEI Technologies, Inc................................. 86,000 1,096,500
*BF Enterprises, Inc.................................. 2,300 16,100
BHA Group Holdings, Inc. Class A...................... 19,200 174,000
*BI, Inc.............................................. 111,300 827,794
BMC Industries, Inc................................... 271,500 1,476,281
BSB Bancorp, Inc...................................... 118,231 2,460,683
BT Financial Corp..................................... 41,024 901,246
*BTG, Inc............................................. 33,000 220,687
*BTU International, Inc............................... 83,500 454,031
*BWAY Corp............................................ 144,100 828,575
Badger Meter, Inc..................................... 21,200 649,250
*Badger Paper Mills, Inc.............................. 10,400 62,400
Bairnco Corp.......................................... 98,000 716,625
Baker (J.), Inc....................................... 172,918 902,416
*Baker (Michael) Corp................................. 62,500 406,250
Baldwin & Lyons, Inc. Class B......................... 10,600 219,287
*Baldwin Piano & Organ Co............................. 72,000 612,000
*Baldwin Technology, Inc. Class A..................... 192,700 469,706
*Baltek Corp.......................................... 4,500 32,484
*Bancinsurance Corp................................... 60,270 340,902
Bancorp Connecticut, Inc.............................. 47,400 779,137
Bandag, Inc........................................... 119,100 2,888,175
Bandag, Inc. Class A.................................. 170,200 3,552,925
*Bank Plus Corp....................................... 225,100 689,369
*Bank United Financial Corp. Class A.................. 248,400 2,169,619
#BankAtlantic Bancorp, Inc. Class A................... 168,883 770,529
BankAtlantic Bancorp, Inc. Class B.................... 203,202 1,136,661
BankNorth Group, Inc. DE.............................. 106,690 3,240,709
*Banyan System, Inc................................... 71,000 1,022,844
*Barrett Business Services, Inc....................... 55,000 357,500
*Barringer Technologies, Inc.......................... 58,200 376,481
*Barry (R.G.) Corp.................................... 110,600 476,962
*Basin Exploration, Inc............................... 164,300 2,900,922
Bassett Furniture Industries, Inc..................... 162,850 2,585,244
*Battle Mountain Gold Co.............................. 934,600 2,336,500
*Bay State Bancorp, Inc............................... 3,000 59,437
Bay View Capital Corp................................. 350,442 5,869,903
*Baycorp Holdings, Ltd................................ 48,000 384,000
</TABLE>
11
<PAGE>
THE U.S. 6-10 VALUE SERIES
CONTINUED
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Bayou Steel Corp. Class A............................ 131,900 $ 412,187
*Be Aerospace, Inc.................................... 22,800 160,312
*Beard Co............................................. 30,000 75,000
*Beazer Homes USA, Inc................................ 116,100 2,198,644
*Bel Fuse, Inc. Class A............................... 28,900 1,423,325
Bel Fuse, Inc. Class B................................ 28,900 1,390,812
*Belco Oil & Gas Corp................................. 193,100 1,194,806
Bell Industries, Inc.................................. 122,622 605,446
*Bell Microproducts, Inc.............................. 138,400 1,020,700
*Bellwether Exploration Co............................ 228,400 1,134,862
*Ben & Jerry's Homemade, Inc. Class A................. 78,100 1,415,562
*Benchmark Electronics, Inc........................... 17,500 389,375
*Benton Oil & Gas Co.................................. 330,100 660,200
Berkley (W.R.) Corp................................... 87,800 1,882,212
*Berlitz International, Inc........................... 79,100 1,552,337
*Beverly Enterprises.................................. 1,785,200 7,140,800
*Big 4 Ranch, Inc..................................... 73,300 0
Bindley Western Industries, Inc....................... 210,454 2,788,515
*Bio Vascular, Inc.................................... 83,400 169,406
*Bioanalytical Systems, Inc........................... 1,600 5,000
*Bionx Implants, Inc.................................. 175,000 464,844
*Bio-Rad Laboratories, Inc. Class A................... 107,800 2,661,312
*BioReliance Corp..................................... 50,000 362,500
*Biosite Diagnostics, Inc............................. 109,500 1,430,344
*Biosource International, Inc......................... 143,500 484,312
Birmingham Steel Corp................................. 448,000 3,248,000
*Black Hawk Gaming & Development, Inc................. 42,900 270,806
Blair Corp............................................ 132,100 1,915,450
Blimpie International................................. 29,800 59,600
Block Drug Co., Inc. Class A.......................... 37,588 1,099,449
*Blonder Tongue Laboratories, Inc..................... 4,600 24,725
*Bluegreen Corp....................................... 296,598 1,668,364
Bob Evans Farms, Inc.................................. 207,300 3,103,022
*Boca Research, Inc................................... 98,700 832,781
*Boca Resorts, Inc.................................... 437,800 3,830,750
*#Bogen Communications International, Inc............. 5,000 38,359
*Boise Cascade Office Products Corp................... 139,600 1,605,400
*Bolle, Inc........................................... 7,400 36,075
*Bolt Technology Corp................................. 2,000 7,875
*Bombay Co., Inc...................................... 631,400 3,157,000
*Bon-Ton Stores, Inc.................................. 143,900 708,258
*#Books-a-Million, Inc................................ 212,900 2,215,491
*Boron, Lepore and Associates, Inc.................... 220,600 1,620,031
*Boston Biomedical, Inc............................... 59,000 184,375
*Boston Communications Group, Inc..................... 140,800 765,600
Bostonfed Bancorp, Inc................................ 54,160 886,870
Bowl America, Inc. Class A............................ 45,000 320,625
Bowne & Co., Inc...................................... 511,432 6,041,290
*Boyd Gaming Corp..................................... 473,000 2,926,687
*Brass Eagle, Inc..................................... 99,500 755,578
*Brauns Fashions Corp................................. 22,200 477,300
*Bridgestreet Accomodations, Inc...................... 40,000 70,000
*Brigham Exploration Co............................... 50,700 58,622
*BrightStar Information Technology Group, Inc......... 21,100 162,866
*#Britesmile, Inc..................................... 41,000 394,625
*Brookdale Living Communities......................... 5,000 66,406
Brookline Bancorp, Inc................................ 22,900 229,716
*Brooks Automation, Inc............................... 83,000 2,272,125
*Brookstone, Inc...................................... 111,300 1,871,231
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Brothers Gourmet Coffees, Inc........................ 103,461 $ 1,035
*Brown & Sharpe Manufacturing Co. Class A............. 214,900 510,387
*Brown (Tom), Inc..................................... 348,700 4,086,328
Brown Shoe Company, Inc............................... 310,000 4,882,500
*Brunswick Technologies, Inc.......................... 77,700 325,369
Brush Wellman, Inc.................................... 204,900 3,329,625
*Buckhead America Corp................................ 15,700 91,256
*Budget Group, Inc.................................... 417,900 3,264,844
*Buffets, Inc......................................... 427,200 4,552,350
*Builders Transport, Inc.............................. 39,100 626
*Building Materials Holding Corp...................... 208,500 2,071,969
*Building One Services Corp........................... 16,500 168,094
*Bull Run Corp. GA.................................... 84,500 343,281
Burlington Coat Factory Warehouse Corp................ 245,440 3,144,700
*Burlington Industries, Inc........................... 833,000 3,071,687
Bush Industries, Inc. Class A......................... 43,900 702,400
*Business Resource Group.............................. 57,200 259,187
*Butler International, Inc............................ 34,800 265,350
Butler Manufacturing Co............................... 91,400 1,959,387
*C.P. Clare Corp...................................... 183,000 1,189,500
*CB Richard Ellis Services, Inc....................... 288,600 3,787,875
*CCA Industries, Inc.................................. 40,800 59,287
CCBT Financial Companies, Inc......................... 22,400 338,800
*CEM Corp............................................. 29,100 260,991
*CFM Technologies, Inc................................ 104,400 1,158,187
*CHS Electronics, Inc................................. 624,200 429,137
*CICOR International, Inc............................. 143,700 1,562,737
CKE Restaurants, Inc.................................. 125,300 806,619
CNA Surety Corp....................................... 64,500 717,562
*CNS Income........................................... 212,200 1,051,053
CPAC, Inc............................................. 75,000 591,797
CPB, Inc.............................................. 107,000 2,765,281
CPI Corp.............................................. 87,400 2,163,150
*CSP, Inc............................................. 38,865 191,896
*CSS Industries, Inc.................................. 186,500 3,986,437
*CTB International Corp............................... 39,700 251,227
Cadmus Communications Corp............................ 108,400 863,812
*Caere Corp........................................... 29,900 212,103
Calgon Carbon Corp.................................... 413,800 2,534,525
*California Coastal Communities, Inc.................. 29,400 229,687
*California Micro Devices Corp........................ 11,400 93,337
*Callon Petroleum Co.................................. 146,600 1,740,875
Cal-Maine Foods, Inc.................................. 75,000 255,469
*Cameron Ashley Building Products, Inc................ 158,800 1,270,400
Cameron Financial Corp................................ 32,700 418,969
*Canisco Resources, Inc............................... 5,700 6,234
*Cannon Express, Inc. Class A......................... 6,900 22,425
*Cannondale Corp...................................... 118,700 834,609
*Canterbury Information Technology, Inc............... 900 2,953
*Capital Corp. of the West............................ 1,600 18,100
*Capital Crossing Bank................................ 6,400 88,400
*Capital Pacific Holdings, Inc........................ 160,900 392,194
Capital Re Corp....................................... 301,800 4,149,750
*Capital Senior Living Corp........................... 254,800 1,274,000
*Capital Trust........................................ 105,400 500,650
Capitol Bancorp, Ltd.................................. 41,672 484,437
Capitol Transamerica Corp............................. 117,000 1,360,125
*Carbide/Graphite Group, Inc.......................... 141,700 854,628
*Caredata.com, Inc.................................... 69,400 589,900
</TABLE>
12
<PAGE>
THE U.S. 6-10 VALUE SERIES
CONTINUED
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Career Blazers, Inc. Trust Units..................... 9,540 $ 0
*Carematrix, Inc...................................... 133,400 273,053
*Caretenders Healthcorp............................... 13,700 33,394
*Caribiner International, Inc......................... 386,000 3,425,750
*Carleton Corporation................................. 16,180 35,899
*Carmike Cinemas, Inc. Class A........................ 160,100 2,001,250
Carolina First Corp................................... 80,690 1,651,623
Carpenter Technology Corp............................. 108,400 2,845,500
*Carriage Services, Inc. Class A...................... 190,900 978,362
*Carrington Laboratories, Inc......................... 105,100 211,842
*Carson, Inc.......................................... 107,400 375,900
Carter-Wallace, Inc................................... 300,700 5,431,394
Cascade Corp.......................................... 129,650 1,231,675
Cash America International, Inc....................... 308,500 2,680,094
*Casino Data Systems.................................. 228,800 825,825
*Castle & Cooke, Inc.................................. 340,300 4,296,287
Castle (A.M.) & Co.................................... 133,180 1,564,865
*Castle Dental Centers, Inc........................... 32,600 125,306
Castle Energy Corp.................................... 45,800 775,737
*Catalina Lighting, Inc............................... 90,400 446,350
*Catherines Stores Corp............................... 114,400 2,348,775
Cato Corp. Class A.................................... 371,700 4,855,331
Cavalier Homes, Inc................................... 306,900 1,323,506
*Cavanaughs Hospitality Corp.......................... 303,100 2,273,250
*Celadon Group, Inc................................... 103,600 666,925
*Celebrity, Inc....................................... 26,325 82,266
*Celeris Corporation.................................. 56,333 59,854
*Celeritek, Inc....................................... 81,900 609,131
*Cell Pathways, Inc................................... 11,863 111,957
Cenit Bancorp, Inc.................................... 54,900 988,200
*Centennial Healthcare Corp........................... 1,800 5,456
*#CenterSpan Communication Corp....................... 29,200 457,162
*Centigram Communications Corp........................ 86,800 1,193,500
Central Bancorp, Inc.................................. 24,900 485,550
*Central Garden & Pet Co.............................. 357,400 2,848,031
Centris Group, Inc.................................... 146,200 1,790,950
Century Aluminum Co................................... 336,300 3,299,944
*Ceradyne, Inc........................................ 95,000 479,453
*Ceres Group, Inc..................................... 6,600 44,550
*#Cerion Technologies, Inc............................ 81,500 8,150
*Cerprobe Corp........................................ 45,000 400,781
*Champion Enterprises, Inc............................ 154,600 1,323,762
Champion Industries, Inc.............................. 1,700 8,287
*Champps Entertainment, Inc........................... 130,800 265,687
*Charming Shoppes, Inc................................ 1,842,900 11,950,055
*Chart House Enterprises, Inc......................... 149,100 792,094
Charter One Financial, Inc............................ 213,172 4,629,829
*Chase Industries, Inc................................ 117,250 1,033,266
*Check Technology Corp................................ 70,700 178,959
*#Checkers Drive-In Restaurant, Inc................... 15,521 23,767
*Checkpoint System, Inc............................... 399,400 3,170,237
Chemed Corp........................................... 109,500 2,847,000
*Chemfab Corp......................................... 16,050 256,800
Chemfirst, Inc........................................ 73,400 1,715,725
*Cherry Corp.......................................... 81,200 928,725
Chesapeake Corp....................................... 107,800 3,442,862
*Chesapeake Energy Corp............................... 1,312,800 3,938,400
Chester Valley Bancorp................................ 1,311 20,402
*Chic by His, Inc..................................... 175,700 131,775
Chicago Rivet & Machine Co............................ 11,800 274,350
*Children's Comprehensive Services, Inc............... 151,600 1,037,512
*Childtime Learning Centers, Inc...................... 43,100 557,606
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
Chiquita Brands International, Inc.................... 1,243,339 $ 5,439,608
*Cholestech Corp...................................... 17,700 111,731
*Chromcraft Revington, Inc............................ 17,000 193,375
*Chronimed, Inc....................................... 37,400 296,862
*Chyron Corp.......................................... 170,300 127,725
*Cidco, Inc........................................... 208,100 1,677,806
*Ciprico, Inc......................................... 55,800 713,194
Circle International, Inc............................. 30,300 732,881
*Circuit City Stores, Inc. - Carmax Group............. 507,000 1,204,125
*Circuit Systems, Inc................................. 53,000 72,875
*Cirrus Logic, Inc.................................... 293,000 4,065,375
*Citadel Holding Corp................................. 73,300 251,969
*Citation Computer System, Inc........................ 11,200 26,075
*Citation Corp........................................ 200,200 3,390,887
Citizens Banking Corp................................. 53,750 1,362,227
*Citizens, Inc. Class A............................... 76,719 498,673
City Holding Co....................................... 1,000 16,875
*Civic Bancorp........................................ 39,579 634,501
*Clean Harbors, Inc................................... 117,500 167,070
Cleveland Cliffs, Inc................................. 151,300 4,425,525
*Clintrials Research, Inc............................. 299,400 1,169,531
Coachmen Industries, Inc.............................. 220,100 3,150,181
*Coast Dental Services, Inc........................... 136,400 434,775
*Coast Distribution System............................ 85,100 175,519
Coastal Bancorp, Inc.................................. 116,900 2,338,000
*Coastcast Corp....................................... 106,000 1,378,000
*Cobra Electronic Corp................................ 72,300 361,500
*#Coeur d'Alene Mines Corp. ID........................ 270,000 1,096,875
*Coherent, Inc........................................ 110,300 2,916,056
*Cohesion Technologies, Inc........................... 117,300 843,094
*Coinmach Laundry Corp................................ 172,300 1,852,225
Cold Metal Products, Inc.............................. 67,000 236,594
*Cole National Corp. Class A.......................... 144,400 776,150
Collins Industries, Inc............................... 28,200 178,894
*Columbia Banking System, Inc......................... 51,497 840,045
*Columbus Energy Corp................................. 50,932 283,309
Columbus McKinnon Corp................................ 10,000 103,125
*Comdial Corp......................................... 121,100 1,004,752
*Comforce Corp........................................ 56,300 91,487
*Comfort Systems USA, Inc............................. 134,700 1,111,275
*Command Systems, Inc................................. 18,200 29,575
Commercial Bancshares, Inc............................ 26,509 609,707
Commercial Bank of New York........................... 26,400 321,750
Commercial Intertech Corp............................. 99,700 1,252,481
Commercial Metals Co.................................. 193,200 6,182,400
Commercial National Financial Corp.................... 18,000 351,000
Commonwealth Bancorp, Inc............................. 167,100 2,767,594
Commonwealth Industries, Inc.......................... 238,200 3,089,156
Communications Systems, Inc........................... 6,400 74,800
Community Bank System, Inc............................ 58,000 1,529,750
Community Financial Corp.............................. 7,900 67,891
Community Financial Group, Inc........................ 11,800 181,056
Community First Brokerage Co.......................... 12,400 213,900
Community Savings Bankshares, Inc..................... 4,000 50,875
Community Trust Bancorp, Inc.......................... 47,707 1,019,737
*Compucom Systems, Inc................................ 569,700 1,798,116
*CompUSA, Inc......................................... 385,450 2,264,519
*#Computer Learning Centers, Inc...................... 20,400 69,169
*Computer Motion, Inc................................. 43,500 492,094
*Computer Network Technology Corp..................... 173,250 3,492,070
*Computer Outsourcing Services, Inc................... 42,800 1,091,400
*Comshare, Inc........................................ 95,950 470,755
</TABLE>
13
<PAGE>
THE U.S. 6-10 VALUE SERIES
CONTINUED
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Comstock Resources, Inc.............................. 380,400 $ 1,331,400
*Comtech Telecommunications Corp...................... 40,350 746,475
*Concord Camera Corp.................................. 122,200 1,829,181
*Condor Technology Solutions, Inc..................... 67,100 158,314
*Cone Mills Corp. NC.................................. 508,600 2,511,212
*Congoleum Corp. Class A.............................. 92,200 311,175
*Conmed Corp.......................................... 127,661 3,219,451
Conning Corp.......................................... 2,200 18,975
*Conso Products Co.................................... 100,600 839,381
*Consolidated Freightways Corp........................ 368,100 3,347,409
*Consolidated Graphics, Inc........................... 23,300 522,794
*Continental Materials Corp........................... 4,600 103,500
Cooker Restaurant Corp................................ 125,000 390,625
*Cooperative Bankshares, Inc.......................... 20,800 223,600
*Copart, Inc.......................................... 242,500 6,274,687
*Core, Inc............................................ 7,400 48,216
*Cornell Corrections, Inc............................. 54,500 623,344
*Correctional Services Corp........................... 5,900 26,366
*Corrpro Companies, Inc............................... 108,875 789,344
*Corsair Communications, Inc.......................... 30,000 319,687
*Cort Business Services Corp.......................... 177,400 3,459,300
Corus Bankshares, Inc................................. 9,200 262,200
*Cost-U-Less, Inc..................................... 8,800 39,325
*Cotelligent Group, Inc............................... 12,500 52,344
Courier Corp.......................................... 23,400 522,112
*Covenant Transport, Inc. Class A..................... 232,200 3,374,156
*Coventry Health Care, Inc............................ 228,600 1,321,594
*Cover-All Technologies, Inc.......................... 31,901 31,403
Covest Bancshares, Inc................................ 48,825 631,673
*Craig (Jenny), Inc................................... 231,050 519,862
*Craig Corp........................................... 44,700 268,200
*Creative Computers, Inc.............................. 54,400 521,900
*Credit Acceptance Corp............................... 643,200 2,592,900
*Criticare Systems, Inc............................... 91,000 216,125
*Cross (A.T.) Co. Class A............................. 192,500 1,010,625
Cross Timbers Oil Co.................................. 54,600 556,237
*Crossman Communities, Inc............................ 6,700 107,409
*Crown Central Petroleum Corp. Class A................ 71,000 461,500
*Crown Central Petroleum Corp. Class B................ 59,400 356,400
Crown Crafts, Inc..................................... 158,700 416,587
*Crown Group, Inc..................................... 4,100 20,820
*Crown Vantage, Inc................................... 128,820 309,973
*Crown-Andersen, Inc.................................. 20,000 153,750
Cubic Corp............................................ 109,650 2,158,734
Culp, Inc............................................. 175,918 1,099,487
*Curative Health Services, Inc........................ 35,100 278,606
Curtiss-Wright Corp................................... 94,900 3,606,200
*Cyberoptics Corp..................................... 62,100 1,144,969
*Cybex International, Inc............................. 94,600 266,062
*Cylink Corp.......................................... 82,200 953,006
*Cyrk, Inc............................................ 205,700 1,529,894
*Cytrx Corp........................................... 14,600 36,956
*D A Consulting Group, Inc............................ 103,000 457,062
*DII Group, Inc....................................... 9,400 593,962
*#DRS Technologies, Inc............................... 71,675 618,197
DT Industries, Inc.................................... 141,300 1,103,906
*DVI, Inc............................................. 228,000 3,192,000
Dain Rauscher Corp.................................... 84,800 4,128,700
*Dairy Mart Convenience Stores, Inc. Class A.......... 9,000 38,250
*Damark International, Inc. Class A................... 95,800 940,037
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Dan River, Inc. (GA) Class A......................... 418,500 $ 2,249,437
*Danielson Holding Corp............................... 30,000 150,000
*Darling International, Inc........................... 12,000 26,250
*Data I/O Corp........................................ 89,400 192,769
*#Data Race, Inc...................................... 29,800 90,797
Data Research Association, Inc........................ 8,000 77,500
*Data Systems & Software, Inc......................... 89,400 284,962
*Datakey, Inc......................................... 19,100 32,828
*Dataram Corp......................................... 62,320 1,156,815
*DataTRAK International, Inc.......................... 57,500 203,945
*Dataware Technologies, Inc........................... 85,200 291,544
*Datron Systems, Inc.................................. 34,600 285,450
*Datum, Inc........................................... 88,400 792,837
*Dave and Busters, Inc................................ 15,000 154,687
Davel Communications, Inc............................. 21,385 75,516
*Dawson Geophysical Co................................ 60,200 539,919
*Daxor Corp........................................... 52,000 786,500
*Day Runner, Inc...................................... 4,800 33,750
*Dayton Superior Corp. Class A........................ 6,000 109,500
*DeGeorge Financial Corp.............................. 19,900 1,492
Deb Shops, Inc........................................ 97,000 1,900,594
*Deckers Outdoor Corp................................. 100,400 299,631
Decorator Industries, Inc............................. 20,832 108,066
*Del Global Technologies Corp......................... 93,377 786,409
*Delia's, Inc......................................... 15,800 172,812
*Delphi Financial Group, Inc. Class A................. 6,630 205,530
*#Delta Financial Corp................................ 176,200 814,925
Delta Natural Gas Co., Inc............................ 26,100 401,287
Delta Woodside Industries, Inc........................ 518,300 1,004,206
Deltic Timber Corp.................................... 108,400 2,791,300
*Denali, Inc.......................................... 54,800 202,075
Designs, Inc.......................................... 178,800 265,406
*Detection Systems, Inc............................... 71,300 659,525
*Detrex Corp.......................................... 12,800 63,200
Detroit Diesel Corp................................... 361,900 6,649,912
*Devcon International Corp............................ 50,800 250,825
*Diamond Home Services, Inc........................... 140,000 91,875
*Dianon Systems, Inc.................................. 40,300 403,000
*Diedrich Coffee, Inc................................. 7,280 37,310
*Digi International, Inc.............................. 289,600 4,687,900
*Digital Microwave Corp............................... 41,700 659,381
Dime Community Bancorp, Inc........................... 151,000 3,005,844
Dimon, Inc............................................ 890,500 3,005,437
*Diodes, Inc.......................................... 60,700 925,675
*Discount Auto Parts, Inc............................. 287,400 3,969,712
*Diversified Corporate Resources, Inc................. 2,700 8,100
*Dixie Group, Inc..................................... 129,000 890,906
*Dixon Ticonderoga Co................................. 27,250 231,625
*Dollar Thrifty Automotive Group, Inc................. 37,500 740,625
*Dominion Homes, Inc.................................. 70,100 442,506
Donegal Group, Inc.................................... 72,144 491,481
*Donna Karan International, Inc....................... 17,500 136,719
Donnelly Corp. Class A................................ 78,250 1,129,734
Downey Financial Corp................................. 313,313 6,305,424
*Dress Barn, Inc...................................... 294,123 5,036,856
*Drew Industries, Inc................................. 1,000 9,500
*Drug Emporium, Inc................................... 221,900 898,002
*Drypers Corp......................................... 78,900 203,414
*Duckwall-Alco Stores, Inc............................ 98,000 780,937
*Ducommun, Inc........................................ 29,800 264,475
*Dunn Computer Corp................................... 6,100 8,197
*Dura Automotive Systems, Inc......................... 160,385 3,322,977
*Dura Pharmaceuticals, Inc............................ 218,500 2,847,328
</TABLE>
14
<PAGE>
THE U.S. 6-10 VALUE SERIES
CONTINUED
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Dwyer Group, Inc..................................... 6,000 $ 14,437
*Dynamics Research Corp............................... 85,636 452,265
*E-Z-Em, Inc. Class A................................. 45,200 259,900
*E-Z-Em, Inc. Class B................................. 3,843 21,136
*ECC International Corp............................... 94,300 306,475
EFC Bancorp, Inc...................................... 5,000 53,750
*EFTC Corp............................................ 303,600 683,100
*EIS International, Inc............................... 148,800 646,350
*ELXSI Corp........................................... 27,900 358,341
EMC Insurance Group, Inc.............................. 123,900 1,258,359
*EMS Technologies, Inc................................ 110,450 1,194,241
*ESCO Electronics Corp. Trust Receipts................ 204,100 1,977,219
Eagle Bancshares, Inc................................. 67,600 1,083,712
*Eagle Food Centers, Inc.............................. 124,300 184,508
*Eagle Geophysical, Inc............................... 148,103 5,924
*Eagle Point Software Corp............................ 80,000 425,000
*East/West Communications, Inc........................ 2,300 60,950
Eastern Co............................................ 29,400 463,050
*Echelon International Corp........................... 15,150 344,662
Ecology & Environment, Inc. Class A................... 23,800 136,850
Edelbrock Corp........................................ 85,000 1,014,687
Edo Corp.............................................. 65,100 370,256
*Educational Insights, Inc............................ 49,300 103,222
*EduTrek International, Inc........................... 4,800 3,900
*El Paso Electric Co.................................. 186,700 1,680,300
*Elantec Semiconductor, Inc........................... 31,300 914,547
*Elcom International, Inc............................. 59,200 612,350
*Elcotel, Inc......................................... 5,300 12,173
*Elder-Beerman Stores Corp............................ 8,500 54,719
*Electric Fuel Corp................................... 3,700 4,741
*Electric Lightwave, Inc.............................. 14,800 225,700
*Electro Rent Corp.................................... 76,800 909,600
*Electro Scientific Industries, Inc................... 18,900 1,104,469
*Electroglas, Inc..................................... 245,200 6,980,537
*Elite Information Group, Inc......................... 180,800 1,288,200
Ellett Brothers, Inc.................................. 62,500 414,062
*#Eltrax System, Inc.................................. 99,495 699,574
*Emcee Broadcast Products, Inc........................ 50,000 220,312
*Emcor Group, Inc..................................... 9,700 169,144
Empire Federal Bancorp, Inc........................... 14,100 163,031
*En Pointe Technologies, Inc.......................... 49,500 476,437
*Encad, Inc........................................... 138,900 755,269
*Encore Wire Corp..................................... 11,000 77,687
*Endosonics Corp...................................... 9,900 49,809
Energen Corp.......................................... 183,400 3,530,450
Engineered Support Systems, Inc....................... 43,550 504,908
Engle Homes, Inc...................................... 127,900 1,362,934
Enhance Financial Services Group, Inc................. 18,800 321,950
Ennis Business Forms, Inc............................. 6,000 53,812
*Enserch Exploration Corp............................. 430,318 1,129,585
*Enstar, Inc.......................................... 20,866 258,869
*Environmental Elements Corp.......................... 14,500 31,719
*Environmental Technologies Corp...................... 58,500 155,391
*Epimmune, Inc........................................ 100 278
*Equinox Systems, Inc................................. 53,100 653,794
*Equity Marketing, Inc................................ 5,800 93,706
*Equity Oil Co........................................ 142,900 165,228
Eskimo Pie Corp....................................... 41,400 393,300
Espey Manufacturing & Electronics Corp................ 3,500 51,187
*Esterline Technologies Corp.......................... 198,942 2,499,209
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
Ethyl Corp............................................ 481,800 $ 2,017,537
*Evans & Sutherland Computer Corp..................... 169,800 2,191,481
*Evans, Inc........................................... 17,175 5,367
*Evergreen Resources, Inc............................. 17,000 356,469
*Exabyte Corp......................................... 373,100 2,605,870
*Exar Corp............................................ 101,500 4,951,297
*Executone Information Systems, Inc................... 290,500 780,719
Exide Corp............................................ 378,900 3,907,406
*Exponent, Inc........................................ 69,500 471,297
Ezcorp, Inc. Class A Non-Voting....................... 145,600 559,650
FBL Financial Group, Inc. Class A..................... 156,100 2,712,237
*FEI Co............................................... 262,700 2,167,275
FFLC Bancorp.......................................... 50,833 794,266
FFY Financial Corp.................................... 84,600 1,306,012
FNB Financial Services Corp........................... 11,900 138,337
*FPIC Insurance Group, Inc............................ 12,600 237,037
FSF Financial Corp.................................... 6,300 76,781
*FSI International, Inc............................... 267,500 2,516,172
*FTI Consulting, Inc.................................. 62,500 351,562
Fab Industries, Inc................................... 87,081 1,023,202
*Fairchild Corp. Class A.............................. 443,729 3,217,035
Falcon Products, Inc.................................. 105,600 990,000
*#Family Golf Centers, Inc............................ 164,100 269,227
*Fansteel, Inc........................................ 74,700 336,150
*Farm Family Holdings, Inc............................ 28,500 1,161,375
Farmer Brothers Co.................................... 84 13,986
*Farr Co.............................................. 52,200 513,844
Farrel Corp........................................... 62,200 126,344
*Featherlite Manufacturing, Inc....................... 12,300 81,103
Federal Screw Works................................... 2,000 90,125
*Fibermark, Inc....................................... 94,450 1,180,625
*Fiberstars, Inc...................................... 12,900 57,244
Fidelity Bancorp, Inc. Delaware....................... 32,700 573,272
Fidelity Bankshares, Inc.............................. 8,000 133,000
*Fidelity Federal Bancorp............................. 20,000 48,125
*Fidelity National Corp............................... 76,700 568,059
Fidelity National Financial, Inc...................... 402,200 6,058,137
*Filenes Basement Corp................................ 196,100 41,181
*Finish Line, Inc. Class A............................ 205,000 1,351,719
*Finishmaster, Inc.................................... 120,000 810,000
*Finlay Enterprises, Inc.............................. 50,800 735,012
First Albany Companies, Inc........................... 35,085 430,888
*First Alliance Corp.................................. 10,900 28,272
First Bell Bancorp, Inc............................... 59,600 955,462
*First Cash, Inc...................................... 79,000 587,562
First Charter Corp.................................... 600 9,694
First Defiance Financial Corp......................... 126,600 1,491,506
First Essex Bancorp................................... 88,000 1,443,750
Firstfed America Bancorp, Inc......................... 14,900 188,112
First Federal Bancshares of Arkansas, Inc............. 54,500 916,281
First Federal Capital Corp............................ 131,220 1,943,696
First Federal Savings & Loan Association of East
Hartford, CT........................................ 31,000 918,375
First Financial Holdings, Inc......................... 100,600 1,820,231
First Indiana Corp.................................... 92,306 2,157,653
*First Investors Financial Services Group, Inc........ 120,600 655,762
First Keystone Financial, Inc......................... 38,800 417,100
First Mariner Bank Corp............................... 34,200 313,144
First Midwest Financial, Inc.......................... 18,800 241,462
First Northern Capital Corp........................... 102,300 1,099,725
</TABLE>
15
<PAGE>
THE U.S. 6-10 VALUE SERIES
CONTINUED
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
First Oak Brook Bancshares, Inc. Class A.............. 29,000 $ 542,844
*First Republic Bank.................................. 117,403 2,766,308
First Savings Bancorp, Inc. North Carolina............ 48,000 927,000
First SecurityFed Financial, Inc...................... 25,200 286,650
First Sentinel Bancorp, Inc........................... 332,200 2,766,603
*#First Team Sports, Inc.............................. 85,600 203,300
First Washington Bancorp, Inc......................... 150,180 2,487,356
Firstbank Corp........................................ 5,300 70,391
*FirstFed Financial Corp. DE.......................... 312,000 4,816,500
Firstspartan Financial Corp........................... 38,700 718,369
*Firstwave Technologies, Inc.......................... 45,700 165,662
*Fischer Imaging Corp................................. 100,600 172,906
*Fisher Scientific, International, Inc................ 8,400 223,650
Flag Financial Corp................................... 19,150 135,247
Flagstar Bancorp, Inc................................. 22,000 351,312
*Flander Corp......................................... 488,000 1,570,750
Fleetwood Enterprises, Inc............................ 100,000 2,100,000
Fleming Companies, Inc................................ 517,997 6,248,339
Flexsteel Industries, Inc............................. 80,600 1,118,325
Florida Rock Industries, Inc.......................... 65,000 2,031,250
*Florsheim Group, Inc................................. 93,700 278,172
Flushing Financial Corp............................... 132,850 2,117,297
*Foilmark, Inc........................................ 81,358 244,074
*Foodarama Supermarkets, Inc.......................... 12,400 331,700
Foothill Independent Bancorp.......................... 45,818 632,861
*Forest Oil Corp...................................... 109,500 1,252,406
*Forward Air Corp., Inc............................... 32,400 1,014,525
*Foster (L.B.) Co. Class A............................ 149,700 734,466
Foster Wheeler Corp................................... 482,100 4,911,394
*Four Media Co........................................ 144,300 1,808,259
Frankfort First Bancorp, Inc.......................... 25,650 384,750
Franklin Bank National Associaton Southfield, MI...... 40,883 357,087
*Franklin Covey Co.................................... 300,900 2,200,331
*Franklin Electronic Publishers, Inc.................. 98,200 491,000
Freds, Inc. Class A................................... 215,750 2,818,234
Freedom Securities Corp............................... 190,000 2,481,875
Fremont General Corp.................................. 334,700 1,694,419
*French Fragrances, Inc............................... 20,000 148,125
Frequency Electronics, Inc............................ 96,000 804,000
*Fresh America Corp................................... 13,600 61,200
*Fresh Choice, Inc.................................... 64,900 113,575
*Fresh Foods, Inc..................................... 87,000 649,781
*Friede Goldman International......................... 111,948 944,561
*Friedman Billings Ramsey Group, Inc. Class A......... 176,400 1,047,375
Friedman Industries, Inc.............................. 93,343 338,368
Friedmans, Inc. Class A............................... 161,400 1,215,544
Frisch's Restaurants, Inc............................. 89,105 857,636
*Fritz Companies, Inc................................. 250,300 2,463,891
Frontier Insurance Group, Inc......................... 526,700 1,580,100
Frozen Food Express Industries, Inc................... 299,100 1,299,216
*G-III Apparel Group, Ltd............................. 80,900 227,531
GA Financial, Inc..................................... 75,100 1,013,850
GBC Bancorp........................................... 105,800 2,238,331
*GC Companies, Inc.................................... 131,300 3,701,019
*GP Strategies Corp................................... 122,965 968,349
*GT Interactive Software Corp......................... 99,500 203,664
*GZA Geoenvironmental Technologies, Inc............... 38,200 145,637
*Gadzooks, Inc........................................ 127,900 1,091,147
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
Gainsco, Inc.......................................... 322,200 $ 1,913,062
*Galey & Lord, Inc.................................... 259,000 647,500
*GameTech International, Inc.......................... 15,100 69,837
*#Gantos, Inc......................................... 28,116 29,434
Garan, Inc............................................ 58,000 1,790,750
*Garden Fresh Restaurant Corp......................... 56,600 944,512
*Garden Ridge Corp.................................... 73,800 834,862
*Gart Sports Co....................................... 16,137 94,805
*Gasonics International, Inc.......................... 109,500 1,683,562
*Geerling & Wade, Inc................................. 27,500 257,812
*Gehl Co.............................................. 78,100 1,444,850
Gencorp, Inc.......................................... 11,100 121,406
General Binding Corp.................................. 100 816
*General Cigar Holdings, Inc. Class A................. 155,400 1,175,212
*General Communications, Inc. Class A................. 841,800 3,446,119
*#General Datacomm Industries, Inc.................... 212,500 1,301,562
*General Semiconductor, Inc........................... 8,100 111,375
*Genesee & Wyoming, Inc............................... 300 3,562
*Genesis Health Ventures, Inc......................... 498,600 1,402,312
Genesis Worldwide, Inc................................ 46,300 193,881
*#Geneva Steel Co. Class A............................ 93,000 25,575
*Genlyte Group, Inc................................... 85,500 2,057,344
*Gensym Corp.......................................... 74,000 361,906
*Geoscience Corp...................................... 50,000 328,125
*Gerber Childrenswear, Inc............................ 30,000 138,750
Gerber Scientific, Inc................................ 262,000 5,043,500
*Getty Petroleum Marketing, Inc....................... 199,100 597,300
*Giant Group, Ltd..................................... 50,600 183,425
*Giant Industries, Inc................................ 159,900 1,389,131
Gibraltar Steel Corp.................................. 41,300 978,294
*Gibson Greetings, Inc................................ 285,000 2,707,500
*Giga-Tronics, Inc.................................... 19,900 107,584
*Gish Biomedical, Inc................................. 42,300 144,084
Glatfelter (P.H.) Co.................................. 491,600 6,329,350
Gleason Corp.......................................... 120,050 2,130,887
*Glenayre Technologies, Inc........................... 835,100 3,901,483
*Global Industrial Technologies, Inc.................. 265,900 3,356,987
*Globe Business Resources, Inc........................ 43,500 553,266
*#Golden Books Family Entertainment, Inc.............. 90,800 16,798
Golden Enterprises, Inc............................... 2,800 7,962
*Golden State Vintners, Inc........................... 7,100 24,739
*Good Guys, Inc....................................... 236,000 1,932,250
*Goodys Family Clothing............................... 12,200 80,444
Gorman-Rupp Co........................................ 44,000 786,500
*Gottschalks, Inc..................................... 208,600 1,877,400
*Government Technology Services, Inc.................. 102,600 323,831
*Gradco Systems, Inc.................................. 88,200 92,334
*Graham Corp.......................................... 25,950 184,894
Grand Premier Financial, Inc.......................... 65,897 1,107,893
*Grand Union Co....................................... 154,600 1,632,962
Granite State Bankshares, Inc......................... 22,800 503,025
Gray Communications Systems, Inc...................... 35,950 624,631
*Greenbriar Corp...................................... 10,700 6,687
Greenbrier Companies, Inc............................. 224,800 2,248,000
*Grey Wolf, Inc....................................... 6,200 17,050
*Griffin Land & Nurseries, Inc. Class A............... 25,000 270,312
*Griffon Corp......................................... 305,700 2,350,069
*Group 1 Software, Inc................................ 16,900 256,669
*Group Maintenance America Corp....................... 16,900 154,212
Guarantee Life Companies, Inc......................... 108,100 3,401,772
</TABLE>
16
<PAGE>
THE U.S. 6-10 VALUE SERIES
CONTINUED
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
Guaranty Federal Bancshares, Inc...................... 9,700 $ 107,912
*Guest Supply, Inc.................................... 76,200 1,085,850
Guilford Mills, Inc................................... 402,900 2,921,025
*Gulf Island Fabrication, Inc......................... 11,200 103,250
*Gulfmark Offshore, Inc............................... 39,600 568,012
*Gundle/SLT Environmental, Inc........................ 267,900 1,105,087
*Gymboree Corp........................................ 382,600 2,319,512
HCC Insurance Holdings, Inc........................... 36,600 388,875
*HEI, Inc............................................. 10,200 63,112
HF Financial Corp..................................... 52,150 661,653
*HMI Industries, Inc.................................. 27,800 37,356
HMN Financial, Inc.................................... 67,900 863,603
*HMT Technology Corp.................................. 704,500 2,542,805
*HPSC, Inc............................................ 42,000 413,437
*HS Resources, Inc.................................... 233,000 3,014,437
*Ha-Lo Industries, Inc................................ 250,800 1,567,500
*Hadco Corp........................................... 80,000 3,780,000
Haggar Corp........................................... 96,700 1,202,706
*Hagler Bailly, Inc................................... 8,300 45,391
*Hahn Automotive Warehouse, Inc....................... 38,746 46,011
Halifax Corp.......................................... 24,000 130,500
Hallmark Capital Corp................................. 33,000 324,844
*Hampshire Group, Ltd................................. 19,100 170,706
*Hampton Industries, Inc.............................. 68,594 167,198
Hancock Fabrics, Inc.................................. 97,900 391,600
*Handleman Co......................................... 484,436 7,478,481
*Hanger Orthopedic Group, Inc......................... 144,500 1,481,125
Harbor Florida Bancshares, Inc........................ 12,700 160,734
*Harding Lawson Associates Group, Inc................. 61,700 460,822
Hardinge Brothers, Inc................................ 134,000 1,829,937
Harleysville Group, Inc............................... 374,100 5,623,191
Harman International Industries, Inc.................. 47,300 2,435,950
Harmon Industries, Inc................................ 200 2,500
#Harnischfeger Industries, Inc........................ 266,100 282,731
*Harry's Farmers Market, Inc. Class A................. 46,100 41,778
*Hartmarx Corp........................................ 687,800 2,622,237
*Harvey Entertainment Co.............................. 52,400 255,450
*Hastings Entertainment, Inc.......................... 135,800 666,269
Hastings Manufacturing Co............................. 1,700 16,256
*Hathaway Corp........................................ 45,300 53,794
*Hauser, Inc.......................................... 32,775 78,865
Haven Bancorp, Inc.................................... 110,600 1,790,337
Haverty Furniture Co., Inc............................ 280,200 3,852,750
*Hawaiian Airlines, Inc............................... 568,400 1,243,375
*Hawk Corp............................................ 177,000 951,375
*Hawker Pacific Aerospace............................. 84,000 385,875
*Hawthorne Financial Corp............................. 80,400 1,115,550
*Headway Corporate Resources, Inc..................... 93,700 348,447
*Health Management Systems, Inc....................... 185,800 853,519
*Health Risk Management, Inc.......................... 55,900 380,819
*Health Systems Design Corp........................... 90,000 478,125
*Healthcare Recoveries, Inc........................... 33,700 110,052
*Healthcare Services Group, Inc....................... 146,200 1,187,875
*Healthcor Holdings................................... 65,300 3,918
Healthplan Services Corp.............................. 269,500 1,768,594
*Hector Communications Corp........................... 8,500 132,812
Heico Corp............................................ 6,300 107,887
Heilig-Meyers Co...................................... 984,950 3,570,444
*Heist (C.H.) Corp.................................... 16,800 105,000
*Hello Direct, Inc.................................... 84,100 1,011,828
Heritage Financial Corp............................... 43,800 370,931
*Herley Industries, Inc............................... 26,733 368,414
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Hexcel Corp.......................................... 305,450 $ 1,813,609
*Hi-Shear Industries, Inc............................. 53,500 123,719
*Hi-Tech Pharmacal, Inc............................... 52,900 260,367
*High Plains Corp..................................... 177,300 249,328
*Highlands Insurance Group, Inc....................... 193,310 1,401,497
*Hirsch International Corp. Class A................... 90,000 127,969
*Hoenig Group, Inc.................................... 104,700 1,037,184
*Holiday RV Superstores, Inc.......................... 70,700 333,616
Holly Corp............................................ 101,200 1,454,750
*Hollywood Casino Corp. Class A....................... 32,900 111,037
*Hollywood Entertainment Corp......................... 31,500 445,922
*Hollywood Park, Inc.................................. 269,800 5,446,587
*Hologic, Inc......................................... 274,400 1,474,900
Home Bancorp.......................................... 13,800 280,312
Home Federal Bancorp.................................. 34,875 815,203
*Home Loan Financial Corp............................. 700 6,344
Home Port Bancorp, Inc................................ 14,500 386,062
*Home Products International, Inc..................... 124,450 1,116,161
*Homebase, Inc........................................ 773,650 2,659,422
*#Homegold Financial, Inc............................. 50,000 33,594
*Homestead Village, Inc............................... 241,800 574,275
Horizon Financial Corp................................ 83,365 838,860
*Horizon Health Corp.................................. 104,700 778,706
*Horizon Offshore, Inc................................ 34,200 214,819
*Horizon Pharmacies, Inc.............................. 25,000 73,437
*Hospitality Worldwide Services, Inc.................. 144,500 397,375
*Hot Topic, Inc....................................... 12,000 530,625
*Houston Exploration Co............................... 310,400 6,208,000
*Hovnanian Enterprises, Inc. Class A.................. 216,784 1,381,998
#Howell Corp.......................................... 104,200 638,225
*Hub Group, Inc. Class A.............................. 106,600 1,845,512
*Hudson Hotels Corp................................... 14,300 15,641
*Hudson River Bancorp, Inc............................ 4,800 52,350
*Hudson Technologies, Inc............................. 61,600 121,275
Huffy Corp............................................ 147,700 969,281
Hughes Supply, Inc.................................... 266,800 6,319,825
Hunt (J.B.) Transport Services, Inc................... 403,700 5,336,409
Hunt Corp............................................. 62,850 518,512
Huntco, Inc. Class A.................................. 84,500 184,844
*Hurco Companies, Inc................................. 78,000 302,250
*Hutchinson Technology, Inc........................... 192,600 3,551,062
*#Hvide Marine, Inc. Class A.......................... 110,500 14,917
*Hycor Biomedical, Inc................................ 77,700 177,253
*Hypercom Corp........................................ 216,800 2,046,050
*Hyseq, Inc........................................... 294,100 1,985,175
*ICF Kaiser International, Inc........................ 123,000 69,187
*ICT Group, Inc....................................... 53,700 657,825
*ICU Medical, Inc..................................... 71,400 1,095,544
*IEC Electronics Corp................................. 118,600 274,262
*IFR Systems, Inc..................................... 124,200 481,275
*IHOP Corp............................................ 69,900 1,083,450
*II-VI, Inc........................................... 139,600 2,425,550
IMCO Recycling, Inc................................... 280,600 3,612,725
*IRI International Corp............................... 15,600 66,300
ISB Financial Corp. LA................................ 105,300 1,684,800
*IT Group, Inc ....................................... 190,079 1,983,950
*ITC Learning Corp.................................... 49,200 79,950
*ITEQ, Inc............................................ 305,059 262,160
*ITLA Capital Corp.................................... 134,200 1,966,869
*IVI Checkmate Corp................................... 158,505 549,814
Ico, Inc.............................................. 241,800 374,034
*Ikos Systems, Inc.................................... 10,600 81,819
*Il Fornaio (America) Corp............................ 7,700 46,561
</TABLE>
17
<PAGE>
THE U.S. 6-10 VALUE SERIES
CONTINUED
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Imation Corp......................................... 149,400 $ 4,808,812
*Immucor, Inc......................................... 61,100 756,112
*Imperial Credit Industries, Inc...................... 369,000 2,167,875
Imperial Sugar Co..................................... 575,700 2,302,800
*In Focus Systems, Inc................................ 253,500 5,283,891
*Inacom Corp.......................................... 443,300 2,632,094
Independence Holding Co............................... 52,600 598,325
Independent Bank East................................. 65,726 1,086,533
Industrial Bancorp, Inc............................... 29,200 507,350
*Industrial Distribution Group, Inc................... 155,000 590,937
*Industrial Holdings, Inc............................. 3,100 7,944
*Industri-Matematik International Corp. ADR........... 2,900 8,428
*Inference Corp. Class A.............................. 115,000 542,656
*Infinium Software, Inc............................... 4,300 21,231
*#Infonautics Corp. Class A........................... 64,100 497,777
*Information Management Associates, Inc............... 102,500 411,602
*Information Resources, Inc........................... 383,400 3,828,009
Ingles Market, Inc. Class A........................... 201,000 2,355,469
*Innodata Corp........................................ 11,598 93,146
*Innovative Clinical Solutions, Ltd................... 261,200 130,600
*#Innovative Gaming Corp. of America.................. 6,600 11,344
Innovex, Inc.......................................... 16,600 149,919
*Inprise Corp......................................... 159,200 1,422,850
*Input Software, Inc.................................. 86,400 394,200
*Input/Output, Inc.................................... 351,000 1,886,625
*Insignia Financial Group, Inc........................ 313,000 2,543,125
*Insilco Holding Co................................... 432 10,908
*Insituform East, Inc................................. 31,200 49,725
*Insituform Technologies, Inc. Class A................ 125,900 3,155,369
*Inso Corp............................................ 171,100 3,887,178
*Inspire Insurance Solutions, Inc..................... 95,700 602,611
Insteel Industries, Inc............................... 103,100 869,906
*Insurance Auto Auctions, Inc......................... 143,100 2,043,647
*Integra, Inc......................................... 104,800 170,300
*IntegraMed America, Inc.............................. 37,000 117,359
*Integrated Device Technology, Inc.................... 526,087 12,379,485
*Integrated Electrical Services, Inc.................. 49,300 523,812
*Integrated Measurement System, Inc................... 83,800 1,170,581
*Integrated Silicon Solution, Inc..................... 214,300 1,952,139
*Intellicall, Inc..................................... 29,500 16,594
*Intelligent Systems Corp............................. 52,375 139,121
*Inter Parfums, Inc................................... 103,200 948,150
*Interface Systems, Inc............................... 43,100 602,053
Interface, Inc. Class A............................... 505,000 2,288,281
*Intergraph Corp...................................... 792,900 3,555,661
*Interlink Electronics................................ 35,000 1,046,719
*Interlinq Software Corp.............................. 62,200 270,181
*Intermagnetics General Corp.......................... 143,980 962,866
Intermet Corp......................................... 207,700 2,089,981
International Aluminum Corp........................... 48,900 1,207,219
International Multifoods Corp......................... 282,000 3,930,375
*International Rectifier Corp......................... 624,600 12,648,150
*International Remote Imaging Systems, Inc............ 6,200 4,262
International Shipholding Corp........................ 71,475 964,912
*International Speciality Products, Inc............... 342,300 2,866,762
*International Telecommunication Data Systems, Inc.... 150,000 1,959,375
*International Thoroughbred Breeders, Inc............. 110,000 48,400
*International Total Services, Inc.................... 74,900 100,413
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
Interpool, Inc........................................ 528,400 $ 4,689,550
*Interstate National Dealers Services, Inc............ 900 5,484
*Intertan, Inc........................................ 190,200 4,552,912
*Intervisual Books, Inc. Class A...................... 9,900 18,562
*Intervoice, Inc...................................... 43,871 659,436
*Intevac, Inc......................................... 5,100 20,081
Investors Title Co.................................... 18,200 320,206
*Invision Technologies, Inc........................... 7,800 31,444
*Invivo Corp.......................................... 1,500 19,406
*Ionics, Inc.......................................... 146,600 3,912,387
*Iridex Corp.......................................... 74,300 691,919
Isco, Inc............................................. 84,600 424,322
*Isle of Capri Casinos, Inc........................... 323,400 4,173,881
*Isolyser Co., Inc.................................... 597,600 1,699,425
*#Itron, Inc.......................................... 54,400 345,100
*J & J Snack Foods Corp............................... 170,100 3,205,322
*J. Alexander's Corp.................................. 71,500 218,969
*J. Jill Group, Inc................................... 13,150 71,709
*JDA Software Group, Inc.............................. 66,700 935,884
*JLK Direct Distribution, Inc. Class A................ 103,000 1,004,250
*JLM Industries, Inc.................................. 115,000 420,469
*JPM Co............................................... 2,000 18,000
*JPS Industries, Inc.................................. 1,500 4,500
JSB Financial, Inc.................................... 105,600 6,243,600
*JWGenesis Financial Corp............................. 9,500 153,187
*Jackpot Enterprises, Inc............................. 106,500 871,969
Jacksonville Bancorp, Inc............................. 16,200 250,087
*Jaclyn, Inc.......................................... 26,900 75,656
*Jaco Electronics, Inc................................ 70,446 261,971
*Jacobson Stores, Inc................................. 67,850 468,589
*Jan Bell Marketing, Inc.............................. 316,200 889,312
*Jason, Inc........................................... 288,900 2,166,750
Jefferies Group, Inc.................................. 4,200 83,475
Jefferson Savings Bancorp, Inc........................ 63,300 759,600
*Jo-Ann Stores, Inc. Class A.......................... 35,700 466,331
*Jo-Ann Stores, Inc. Class B.......................... 35,700 432,862
*Johnson Worldwide Associates, Inc. Class A........... 122,100 959,630
*Johnston Industries, Inc............................. 117,525 183,633
*Jones Apparel Group, Inc............................. 171,448 4,575,518
*Jos. A. Bank Clothiers, Inc.......................... 117,300 322,575
*Jps Packaging Company................................ 59,650 175,222
*#Just for Feet, Inc.................................. 329,900 412,375
Justin Industries, Inc................................ 352,400 5,473,212
K Swiss, Inc. Class A................................. 51,500 735,484
*K-Tron International, Inc............................ 6,300 89,381
K2, Inc............................................... 269,580 1,988,152
*KBK Capital Corp..................................... 65,000 316,875
KCS Energy, Inc....................................... 184,300 138,225
*KLLM Transport Services, Inc......................... 52,099 329,689
*KVH Industries, Inc.................................. 59,200 182,225
*Kaiser Aluminum Corp................................. 807,815 5,351,774
*Kaiser Ventures, Inc................................. 121,400 1,676,837
Kaman Corp. Class A................................... 265,900 3,165,872
*Kasper A.S.L., Ltd................................... 59,900 175,956
Katy Industries, Inc.................................. 135,800 1,425,900
Kaye Group, Inc....................................... 40,000 345,000
Keithley Instruments, Inc............................. 4,500 92,531
*Kellstrom Industries, Inc............................ 30,400 266,950
Kellwood Co........................................... 333,718 6,924,648
*Kemet Corp........................................... 133,200 4,816,012
Kenan Transport Co.................................... 200 6,575
</TABLE>
18
<PAGE>
THE U.S. 6-10 VALUE SERIES
CONTINUED
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Kendle International, Inc............................ 53,600 $ 435,500
Kennametal, Inc....................................... 45,300 1,506,225
*Kent Electronics Corp................................ 166,450 3,817,947
*Kentucky Electric Steel, Inc......................... 32,600 94,744
Kentucky First Bancorp, Inc........................... 11,700 119,925
*Kevco, Inc........................................... 138,800 403,387
Kewaunee Scientific Corp.............................. 30,800 313,775
*Key Energy Group, Inc................................ 153,100 765,500
*Key Production Co., Inc.............................. 146,612 1,191,222
*Key Technology, Inc.................................. 53,800 405,181
*Key Tronic Corp...................................... 149,400 625,612
*Keystone Automotive Industries, Inc.................. 243,100 1,397,825
*Keystone Consolidated Industries, Inc................ 114,586 451,182
Kimball International, Inc. Class B................... 310,400 5,131,300
*Kimmins Corp......................................... 16,000 6,250
*Kinark Corp.......................................... 73,400 91,750
*Kinnard Investment, Inc.............................. 73,600 420,900
*Kit Manufacturing Co................................. 11,100 52,725
*Kitty Hawk, Inc...................................... 139,800 1,092,187
Klamath First Bancorp, Inc............................ 131,900 1,500,362
Knape & Vogt Manufacturing Co......................... 34,031 513,655
*Komag, Inc........................................... 949,600 2,225,625
*Koss Corp............................................ 45,700 682,644
*Krug International Corp.............................. 65,400 85,837
*Kulicke & Soffa Industries, Inc...................... 204,900 7,293,159
*LMI Aerospace, Inc................................... 1,000 3,266
LNR Property Corp..................................... 286,300 5,046,037
LSB Industries, Inc................................... 99,500 77,734
LSI Industries, Inc................................... 5,830 140,831
LTV Corp.............................................. 1,055,700 3,694,950
*LTX Corp............................................. 320,500 5,799,047
LaCrosse Footwear, Inc................................ 10,600 63,600
LabOne, Inc........................................... 91,950 706,866
*Laboratory Corp. of America Holdings, Inc............ 424,700 1,592,625
*Labtec, Inc.......................................... 17,833 69,103
*#Laclede Steel Co.................................... 44,100 19,294
*Ladd Furniture, Inc.................................. 105,527 2,232,556
*Ladish Co., Inc...................................... 228,200 1,565,309
*Lakeland Industries, Inc............................. 3,600 14,850
*Lakes Gaming, Inc.................................... 152,125 1,307,324
*Lam Research Corp.................................... 180,600 13,985,212
*Lamson & Sessions Co................................. 156,100 819,525
*Lancer Corp.......................................... 71,500 384,312
*Landair Corp......................................... 16,200 82,012
Landamerica Financial Group, Inc...................... 210,712 4,095,714
*Landrys Seafood Restaurants, Inc..................... 442,000 3,902,031
*Larscom, Inc......................................... 63,000 281,531
*LaserSight Corporation............................... 60,100 768,153
Lawson Products, Inc.................................. 250,000 5,726,562
*Layne Christensen Co................................. 125,600 847,800
*Lazare Kaplan International, Inc..................... 122,500 949,375
*Leapnet, Inc......................................... 113,300 617,839
*Learn2.com, Inc...................................... 90,454 272,775
*Lechters, Inc........................................ 263,400 411,562
Lesco, Inc............................................ 52,900 795,153
*Let's Talk Cellular & Wireless, Inc.................. 400 1,512
Liberty Bancorp, Inc.................................. 2,800 18,112
*Life Financial Corp.................................. 7,000 27,891
*Lifeline Systems, Inc................................ 14,400 219,600
Lifetime Hoan Corp.................................... 138,200 703,956
Lillian Vernon Corp................................... 113,100 1,357,200
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Lindal Cedar Homes, Inc.............................. 8,000 $ 20,375
Lindberg Corp......................................... 73,300 641,375
*Lodgenet Entertainment Corp.......................... 29,000 521,094
*Lodgian, Inc......................................... 396,900 2,282,175
*Loehmanns, Inc....................................... 65,000 5,850
*Loews Cineplex Entertainment Corp.................... 818,200 5,318,300
*Logic Devices, Inc................................... 78,700 174,616
*Lone Star Steakhouse Saloon.......................... 498,800 3,764,381
Longview Fibre Co..................................... 246,300 3,140,325
*Louis Dreyfus Natural Gas Corp....................... 484,900 8,728,200
Luby's Cafeterias, Inc................................ 70,500 819,562
Lufkin Industries, Inc................................ 90,200 1,257,163
*Lumisy, Inc.......................................... 172,100 548,569
*Lunar Corp........................................... 95,850 667,955
*Lydall, Inc. DE...................................... 279,000 2,493,563
*Lynch Corp........................................... 6,200 141,050
*Lynch Interactive Corp............................... 6,200 423,150
M.A. Hanna Co......................................... 109,900 1,147,081
*M.H. Meyerson & Co., Inc............................. 51,600 220,913
*MB Financial, Inc.................................... 29,600 385,725
MDC Holdings, Inc..................................... 399,288 5,964,365
*MEMC Electronic Materials, Inc....................... 378,300 4,539,600
MFB Corp.............................................. 19,200 354,000
*MFRI, Inc............................................ 54,900 243,619
MI Schottenstein Homes, Inc........................... 184,800 2,910,600
*MIM Corp............................................. 46,400 101,500
MMI Companies, Inc.................................... 247,700 1,006,281
*MRV Communications, Inc.............................. 246,300 7,873,903
*MS Carriers, Inc..................................... 163,100 4,271,181
MTS Systems Corp...................................... 194,310 1,946,136
MYR Group, Inc........................................ 38,610 719,111
*Mac-Gray Corp........................................ 37,500 147,656
*Mackie Designs, Inc.................................. 1,000 5,250
*Made2Manage Systems, Inc............................. 81,000 554,344
*Magellan Health Services, Inc........................ 357,500 2,234,375
*Magnetek, Inc........................................ 370,200 2,475,713
*Magnum Hunter Resources, Inc......................... 106,400 339,150
*Main Street & Main, Inc.............................. 117,300 399,553
*Main Street Bancorp, Inc............................. 2,200 23,306
*Mallon Resources Corp................................ 46,100 276,600
*Manchester Equipment Co., Inc........................ 66,700 210,522
*Manugistic Group, Inc................................ 202,300 3,401,169
*Mapinfo Corp......................................... 88,600 2,120,863
Marcus Corp........................................... 273,950 3,492,863
*Marine Drilling Companies, Inc....................... 17,000 286,875
*Marine Transport Corp................................ 118,670 315,217
*Marisa Christina, Inc................................ 94,000 173,313
Maritrans, Inc........................................ 162,200 902,238
*MarkWest Hydrocarbon, Inc............................ 155,500 855,250
*Marlton Technologies, Inc............................ 88,300 165,563
Marsh Supermarkets, Inc. Class A...................... 42,900 589,875
Marsh Supermarkets, Inc. Class B...................... 56,900 593,894
Massbank Corp. Reading, MA............................ 40,266 1,313,678
*Matec Corp........................................... 6,900 36,225
*Material Sciences Corp............................... 311,200 3,403,750
*Matlack Systems, Inc................................. 117,642 463,215
*Matria Healthcare, Inc............................... 545,700 2,123,114
*Matrix Pharmaceutical, Inc........................... 305,900 1,586,856
*Matrix Service Co.................................... 114,300 521,494
*Mattson Technology, Inc.............................. 176,700 2,860,331
*Maverick Tube Corp................................... 172,200 3,696,919
*Max & Ermas Restaurants, Inc......................... 41,900 285,444
*Maxco, Inc........................................... 38,500 318,227
</TABLE>
19
<PAGE>
THE U.S. 6-10 VALUE SERIES
CONTINUED
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Maxicare Health Plans, Inc........................... 182,800 $ 588,388
*Maxim Group, Inc..................................... 304,000 1,710,000
*Maxwell Shoe Company, Inc............................ 6,500 56,469
*Maxwell Technologies, Inc............................ 9,500 103,016
*Maxxam, Inc.......................................... 88,800 4,034,850
*Maynard Oil Co....................................... 53,500 606,891
*Mazel Stores, Inc.................................... 130,000 1,235,000
McGrath Rent Corp..................................... 80,000 1,442,500
*McNaughton Apparel Group, Inc........................ 114,000 805,125
McRae Industries, Inc. Class A........................ 1,000 5,188
*McWhorter Technologies, Inc.......................... 123,500 1,698,125
*Meadow Valley Corp................................... 40,464 155,534
Meadowbrook Insurance Group, Inc...................... 169,300 1,005,219
*Mechanical Dynamics, Inc............................. 8,300 37,869
Medford Bancorp, Inc.................................. 103,600 1,735,300
*Media 100, Inc....................................... 98,500 1,375,922
*Media Arts Group, Inc................................ 19,000 73,625
*Medialink Worldwide, Inc............................. 100 600
*Medical Action Industries, Inc....................... 27,800 91,219
*Medical Alliance, Inc................................ 102,900 191,330
*Medical Graphics Corp................................ 41,700 75,581
*Medical Resources, Inc............................... 63,218 36,548
*Medicore, Inc........................................ 58,600 84,238
*Medstone International, Inc.......................... 61,100 363,736
Merchants Bancorp, Inc................................ 39,400 1,278,038
Merchants Group, Inc.................................. 25,600 582,400
*Mercury Air Group, Inc............................... 15,300 122,400
Meridian Insurance Group, Inc......................... 51,700 798,119
*Meridian Medical Technology, Inc..................... 16,400 90,713
*Meridian Resource Corp............................... 161,000 593,688
*Merisel, Inc......................................... 335,800 556,169
*MeriStar Hotels & Resorts, Inc....................... 20,000 67,500
*Merit Medical Systems, Inc........................... 25,600 169,600
*Merix Corp........................................... 78,100 944,522
*Merrimac Industries, Inc............................. 11,770 91,218
*Mesa Air Group, Inc.................................. 464,100 2,349,506
*Mesa Labs, Inc....................................... 17,000 63,219
*Mestek, Inc.......................................... 13,500 251,438
*Metacreations Corp................................... 69,600 489,375
*Metal Management, Inc................................ 409,500 940,570
*Metals USA, Inc...................................... 180,700 1,513,363
*Metatec Corp. Class A................................ 103,900 269,491
*Metrika System Corp.................................. 55,000 340,313
*Metrocall, Inc....................................... 461,710 952,277
*Metromedia International Group, Inc.................. 1,155,000 5,197,500
*Michael Anthony Jewelers, Inc........................ 89,000 278,125
Michael Foods, Inc.................................... 173,981 4,376,710
*Michaels Stores, Inc................................. 559,900 17,584,359
*Micro Linear Corp.................................... 178,100 1,268,963
*Micro Warehouse, Inc................................. 528,700 6,228,747
*Microage, Inc........................................ 268,100 795,922
*Microcide Pharmaceuticals, Inc....................... 91,000 661,172
MicroFinancial, Inc................................... 30,000 339,375
*Micros to Mainframes, Inc............................ 6,200 26,834
*Microsemi Corp....................................... 46,100 355,834
*Microtest, Inc....................................... 99,600 690,975
*Microtouch Systems, Inc.............................. 122,600 1,827,506
*Microwave Power Dynamics, Inc........................ 84,400 642,231
Mid America Banccorp.................................. 86,143 2,471,227
*Mid Atlantic Medical Services, Inc................... 438,300 3,506,400
*Middleby Corp........................................ 170,000 897,813
Middlesex Water Co.................................... 7,500 262,734
Midland Co............................................ 16,800 388,500
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Midway Airlines Corp................................. 98,700 $ 737,166
*Midwest Grain Products, Inc.......................... 123,400 1,052,756
Mikasa, Inc........................................... 198,400 2,157,600
*Mikohn Gaming Corp................................... 124,400 637,550
Milacron, Inc......................................... 61,600 897,050
*Miller Building Systems, Inc......................... 40,900 230,063
*Miller Industries, Inc............................... 518,550 1,263,966
*Miltope Group, Inc................................... 53,600 39,363
Mine Safety Appliances Co............................. 37,600 2,368,800
Minntech Corp......................................... 4,900 47,163
Minuteman International, Inc.......................... 9,000 87,750
Mississippi Chemical Corp............................. 454,500 2,414,531
*Mitcham Industries, Inc.............................. 41,700 162,891
Mobile America Corp................................... 82,500 177,891
*Modtech Holdings, Inc................................ 3,400 24,969
*Monarch Casino and Resort, Inc....................... 5,200 30,063
*Monarch Dental Corp.................................. 138,400 276,800
*Monro Muffler Brake, Inc............................. 101,130 714,231
Monterey Bay Bancorp, Inc............................. 44,500 559,031
*Moog, Inc. Class A................................... 84,000 2,205,000
*Moog, Inc. Class B................................... 12,800 515,600
*Moore Handley, Inc................................... 2,000 3,063
*Moore Medical Corp................................... 42,100 334,169
Moore Products Co..................................... 40,400 1,359,713
*Morrison Knudsen Corp................................ 247,100 2,146,681
*Morrow Snowboards, Inc............................... 22,500 6,750
*Mother's Work, Inc................................... 67,000 724,438
*Motor Car Parts & Accessories, Inc................... 71,200 102,827
*Motor Club of America................................ 5,600 55,300
Movado Group, Inc..................................... 147,700 3,517,106
*Movie Gallery, Inc................................... 222,100 916,163
Mueller (Paul) Co..................................... 6,100 197,488
*Multi Color Corp..................................... 7,600 49,638
*Multigraphics, Inc................................... 8,000 9,000
*Multiple Zones International, Inc.................... 172,000 1,776,438
*Mystic Financial, Inc................................ 400 4,400
*N & F Worldwide Corp................................. 257,800 1,417,900
*NABI, Inc............................................ 567,100 2,605,116
NBT Bancorp........................................... 101,347 1,729,234
NCH Corp.............................................. 84,400 3,935,150
*NCI Building Systems, Inc............................ 71,300 1,185,363
*#NCS Healthcare, Inc................................. 260,900 697,092
*NMT Medical, Inc..................................... 121,400 254,181
*NPS Pharmaceuticals, Inc............................. 173,700 1,036,772
*NS Group, Inc........................................ 265,800 2,757,675
*Nabors Industries, Inc............................... 242,984 6,454,274
Nacco Industries, Inc. Class A........................ 74,200 3,594,063
*Napco Security Systems, Inc.......................... 52,300 189,588
Nash Finch Co......................................... 130,000 938,438
*Nashua Corp.......................................... 108,800 802,400
*Nastech Pharmaceutical Co., Inc...................... 95,600 186,719
*Nathans Famous, Inc.................................. 61,200 205,594
National City Bancorp................................. 109,314 2,145,287
*National Home Centers, Inc........................... 70,500 87,023
*National Home Health Care Corp....................... 58,211 245,578
National Presto Industries, Inc....................... 95,600 3,369,900
*National Processing, Inc............................. 56,400 486,450
*National Record Mart, Inc............................ 57,900 232,505
*National Research Corp............................... 78,000 346,125
*National Standard Co................................. 3,600 13,950
National Steel Corp. Class B.......................... 406,100 2,360,456
National Technical Systems, Inc....................... 96,300 367,144
*National Techteam, Inc............................... 283,500 1,125,141
</TABLE>
20
<PAGE>
THE U.S. 6-10 VALUE SERIES
CONTINUED
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*National Western Life Insurance Co. Class A.......... 24,300 $ 1,962,225
*Natural Alternatives International, Inc.............. 68,700 234,009
*Natural Microsystems Corp............................ 96,500 3,510,188
*Natural Wonders, Inc................................. 89,100 136,434
*Navigators Group, Inc................................ 2,100 25,200
Nelson (Thomas), Inc.................................. 171,300 1,520,288
*Netmanage, Inc....................................... 706,413 3,521,027
*NetOptix Corp........................................ 69,800 2,499,713
*Netrix Corp.......................................... 111,500 1,006,984
*Network Computing Devices, Inc....................... 177,600 1,148,850
*Network Equipment Technologies, Inc.................. 368,000 4,531,000
*Network Peripherals, Inc............................. 52,800 1,819,950
*Neurocrine Biosciences, Inc.......................... 108,900 1,425,909
*New American Healthcare Corp......................... 23,600 11,800
*New Brunswick Scientific Co., Inc.................... 65,115 358,133
*New Century Financial Corp........................... 5,600 87,850
*New Horizons Worldwide, Inc.......................... 68,875 947,031
*New Mexico & Arizona Land Co......................... 83,468 427,774
*Newcor, Inc.......................................... 59,942 153,601
*Newmark Homes Corp................................... 2,000 14,750
Newmil Bancorp, Inc................................... 41,900 534,225
*Newpark Resources, Inc............................... 218,000 1,308,000
Newport Corp.......................................... 74,700 1,904,850
*Nexthealth, Inc...................................... 81,300 114,328
*Niagara Bancorp, Inc................................. 8,300 86,891
*Niagara Corp......................................... 123,500 575,047
*Nitches, Inc......................................... 3,679 12,417
*Nobel Learning Communities, Inc...................... 71,500 576,469
*Noel Group, Inc...................................... 95,400 63,584
Noland Co............................................. 2,000 36,375
*Noodle Kidoodle, Inc................................. 88,900 625,078
*Norstan, Inc......................................... 123,600 888,375
*Nortek, Inc.......................................... 48,900 1,259,175
North Central Bancshares, Inc......................... 40,100 666,663
*North Face, Inc...................................... 155,700 822,291
Northeast Bancorp..................................... 22,500 180,000
Northland Cranberries, Inc. Class A................... 94,200 556,369
Northrim Bank......................................... 530 5,242
*Northwest Pipe Co.................................... 98,200 1,227,500
*Novametrix Medical Systems, Inc...................... 20,200 80,800
*Nu Horizons Electronics Corp......................... 116,305 1,054,014
*NuCo2, Inc........................................... 5,200 49,725
*Nuevo Energy Co...................................... 241,500 3,728,156
*Numerex Corp. Class A................................ 83,200 553,800
*Nutraceutical International Corp..................... 500 2,242
Nymagic, Inc.......................................... 132,700 1,907,563
*O'Charleys, Inc...................................... 5,000 66,250
*O'Sullivan Industries Holdings, Inc.................. 219,000 3,750,375
*O.I. Corp............................................ 48,200 204,850
*ODS Networks, Inc.................................... 124,500 1,019,344
OEA, Inc.............................................. 74,300 404,006
*OMI Corp............................................. 40,900 69,019
*OMNI Energy Services Corp............................ 47,800 76,181
*OSI Pharmaceutical, Inc.............................. 91,500 470,367
*OSI Systems, Inc..................................... 71,800 316,369
*OTR Express, Inc..................................... 15,000 30,000
*Oak Technology, Inc.................................. 724,800 4,665,900
Oakwood Homes Corp.................................... 1,072,000 3,216,000
*Objective Systems Integrators, Inc................... 364,800 1,453,500
*Oceaneering International, Inc....................... 149,000 1,937,000
OceanFirst Financial Corp............................. 158,700 2,940,909
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Ocwen Financial Corp................................. 142,400 $ 925,600
*Offshore Logistics, Inc.............................. 351,900 3,475,013
*Ogden Corp........................................... 195,796 2,545,348
Oglebay Norton Co..................................... 32,200 711,419
Ohio Art Co........................................... 3,800 77,425
Oil-Dri Corp. of America.............................. 50,800 752,475
*Old Dominion Freight Lines, Inc...................... 133,400 1,692,513
Olsten Corp........................................... 302,300 3,060,788
*Olympic Steel, Inc................................... 186,000 935,813
*Omega Protein Corp................................... 448,000 1,176,000
*Omega Worldwide, Inc................................. 7,100 26,847
*Omtool, Ltd.......................................... 257,000 762,969
*On Command Corp...................................... 69,800 1,042,638
*One Price Clothing Stores, Inc....................... 140,200 372,406
*Ontrack Data International, Inc...................... 23,400 250,819
*Onyx Acceptance Corp................................. 97,500 719,063
*Onyx Pharmacueticals, Inc............................ 51,100 437,544
*Opinion Research Corp................................ 43,900 301,813
*Opta Food Ingredients, Inc........................... 176,700 546,666
*Opti, Inc............................................ 163,800 573,300
Optical Coating Laboratory, Inc....................... 53,200 10,465,438
*Optika Imaging Systems, Inc.......................... 111,500 585,375
*Option Care, Inc..................................... 2,800 9,363
*Orbital Sciences Corp................................ 41,300 573,038
Oregon Steel Mills, Inc............................... 471,261 3,828,996
Oregon Trail Financial Corp........................... 16,500 184,078
*#Oriole Homes Corp. Class A Convertible.............. 20,500 48,688
*Oriole Homes Corp. Class B........................... 29,400 36,750
*Orleans Homebuilders, Inc............................ 20,100 29,522
*Oroamerica, Inc...................................... 102,400 713,600
*Ortel Corp........................................... 41,000 2,608,625
*Orthologic Corp...................................... 359,700 888,009
Oshkosh Truck Corp. Class B........................... 129,600 3,580,200
*Oshman's Sporting Goods, Inc......................... 65,700 110,869
*Osmonics, Inc........................................ 157,600 1,418,400
*Ostex International, Inc............................. 105,600 247,500
*Outlook Group Corp................................... 45,500 207,594
*Outsource International, Inc......................... 78,400 72,275
*Overland Data........................................ 500 3,359
Overseas Shipholding Group, Inc....................... 671,400 9,819,225
Owosso Corp........................................... 98,000 361,375
Oxford Industries, Inc................................ 109,400 2,331,588
*P-Com, Inc........................................... 35,900 203,059
*PAM Transportation Services, Inc..................... 45,400 469,606
*PBOC Holdings, Inc................................... 41,100 341,644
*PC Service Source, Inc............................... 85,800 219,863
*PCD, Inc............................................. 1,100 9,006
*PLM International, Inc............................... 94,800 539,175
*PMR Corp............................................. 75,700 167,959
*PPT Vision, Inc...................................... 89,000 269,781
*PS Group Holdings, Inc............................... 31,500 330,750
PXRE Group, Ltd....................................... 216,583 2,680,215
*Pameco Corp.......................................... 62,200 268,238
Pamrapo Bancorp, Inc.................................. 32,300 718,675
*Pancho's Mexican Buffet, Inc......................... 14,600 40,834
*Panera Bread CO...................................... 205,800 1,633,538
*Par Technology Corp.................................. 145,500 736,594
Park Electrochemical Corp............................. 100,300 3,297,363
*Parker Drilling Co................................... 970,700 3,822,131
*Park-Ohio Holdings Corp.............................. 137,100 1,619,494
Parkvale Financial Corp............................... 49,925 898,650
*Parlex Corp.......................................... 68,000 1,283,500
</TABLE>
21
<PAGE>
THE U.S. 6-10 VALUE SERIES
CONTINUED
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Parlux Fragrances, Inc............................... 196,200 $ 723,488
Patina Oil & Gas Corp................................. 247,626 1,764,335
Patrick Industries, Inc............................... 78,600 948,113
Patriot Bank Corp..................................... 4,700 38,334
*Patterson Energy, Inc................................ 134,700 1,704,797
*Paul Harris Stores, Inc.............................. 141,100 456,370
Paula Financial, Inc.................................. 64,200 395,231
*Paul-Son Gaming Corp................................. 22,700 147,550
*Paxar Corp........................................... 77,000 654,500
*Paxson Communications Corp........................... 528,300 6,042,431
*Payless Cashways, Inc................................ 4,156 6,754
*Pediatric Services of America, Inc................... 83,900 87,833
*#Pediatrix Medical Group, Inc........................ 59,700 462,675
Peerless Manufacturing Co............................. 16,000 183,000
Penford Corp.......................................... 81,000 1,215,000
*Penn National Gaming, Inc............................ 2,500 19,258
*#Penn Traffic Company................................ 1,160 8,845
*Penn Treaty American Corp............................ 96,000 1,524,000
Penn Virginia Corp.................................... 152,000 2,726,500
Penn-America Group, Inc............................... 134,000 1,072,000
Pennfed Financial Services, Inc....................... 112,400 1,766,788
*Pentacon, Inc........................................ 81,200 228,375
*Penwest Pharmaceuticals Company...................... 75,750 1,020,258
Peoples Bancshares, Inc. Massachusetts................ 32,400 638,888
Pep Boys - Manny, Moe & Jack.......................... 258,600 2,505,188
*Perceptron, Inc...................................... 130,500 572,977
*Perfumania, Inc...................................... 27,000 97,031
*Perini Corp.......................................... 71,100 279,956
*Perrigo Co........................................... 581,700 4,889,916
*Perry Ellis International, Inc....................... 77,850 885,544
*Per-Se Technologies, Inc............................. 372,566 2,800,071
*Personnel Group of America, Inc...................... 293,000 2,289,063
*Petco Animal Supplies, Inc........................... 168,300 2,335,163
*Petrocorp, Inc....................................... 95,200 589,050
*Petroglyph Energy, Inc............................... 9,000 21,375
*Petroleum Development Corp........................... 181,500 774,211
*PetSmart, Inc........................................ 86,300 374,866
*Pharmchem Laboratories, Inc.......................... 64,900 206,869
*Phar-Mor, Inc........................................ 212,400 547,594
*Philadelphia Consolidated Holding Corp............... 6,400 94,000
*Phillips (R.H.), Inc................................. 15,700 43,911
Phillips-Van Heusen Corp.............................. 461,700 3,924,450
*Phoenix International Life Sciences, Inc............. 7,478 41,830
*Phoenix International, Ltd........................... 54,350 220,797
Phoenix Investment Partners, Ltd...................... 543,400 4,245,313
*Phoenix Technologies, Ltd............................ 88,900 1,272,381
*Photo Control Corp................................... 4,200 9,975
*Phycor, Inc.......................................... 347,000 509,656
Piccadilly Cafeterias, Inc............................ 148,300 750,769
*Pico Holdings, Inc................................... 77,720 1,182,801
*Picturetel Corp...................................... 739,000 3,660,359
Pier 1 Imports, Inc. DE............................... 151,000 1,047,563
*Piercing Pagoda, Inc................................. 28,300 369,669
Pilgrim Pride Corp.................................... 345,000 2,673,750
Pilgrim's Pride Corp.................................. 165,600 972,900
#Pillowtex Corp....................................... 183,100 732,400
Pinnacle Bancshares, Inc.............................. 9,800 88,200
*Pinnacle Global Group, Inc........................... 27,900 149,963
*Pinnacle Systems, Inc................................ 74,600 2,457,138
Pioneer Standard Electronics, Inc..................... 417,900 5,615,531
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
Pitt-Des Moines, Inc.................................. 112,000 $ 2,709,000
Pittston Co. Burlington Group......................... 468,900 4,454,550
*Planar Systems, Inc.................................. 150,600 978,900
*Plasma-Therm, Inc.................................... 36,800 304,750
*Play By Play Toys and Novelties, Inc................. 65,800 194,316
*Players International, Inc........................... 448,900 3,493,003
Pocahontas Bancorp, Inc............................... 25,000 159,375
*Point West Capital Corp.............................. 12,500 69,922
*Polymedica Industries, Inc........................... 96,540 1,707,551
*Polymer Group, Inc................................... 598,500 11,259,281
*Pomeroy Computer Resource, Inc....................... 18,300 229,322
Pope & Talbot, Inc.................................... 239,000 2,853,063
*Porta Systems Corp................................... 5,100 4,781
*Powell Industries, Inc............................... 49,000 375,156
*Powercerv Corp....................................... 191,000 495,406
*Powertel, Inc........................................ 148,400 12,716,025
*Praegitzer Industries, Inc........................... 35,800 196,341
Precision Castparts Corp.............................. 11,250 305,859
*Precision Response, Corp............................. 218,600 4,795,538
*Premiere Technologies, Inc........................... 13,300 101,413
*Premiumwear, Inc..................................... 33,100 173,775
Presidential Life Corp................................ 346,700 6,132,256
*Price Communications Corp............................ 555,887 13,931,918
*Pricesmart, Inc...................................... 36,850 1,434,847
*Pride International, Inc............................. 437,200 6,284,750
*Primark Corp......................................... 355,300 9,437,656
*Prime Hospitality Corp............................... 457,700 3,976,269
*Prime Medical Services, Inc.......................... 164,900 1,561,397
Primesource Corp...................................... 67,254 407,727
*Printronix, Inc...................................... 87,100 1,507,919
*Procurenet, Inc...................................... 22,400 0
Professional Bancorp, Inc............................. 1,000 9,500
*Professionals Group, Inc............................. 1,210 30,704
*Programmers Paradise, Inc............................ 75,200 502,900
Progress Financial Corp............................... 30,098 393,155
*ProMedCo Management Company.......................... 291,900 606,605
*Protection One, Inc.................................. 1,136,900 1,989,575
*Protocol Systems, Inc................................ 123,200 974,050
*Provant, Inc......................................... 11,000 241,313
Providence & Worcester Railroad Co.................... 19,300 183,350
*Provident Financial Holdings, Inc.................... 46,700 866,869
*Proxim, Inc.......................................... 55,200 3,098,100
Pulaski Financial Corp................................ 12,100 131,966
Pulaski Furniture Corp................................ 33,200 549,875
*Pure World, Inc...................................... 83,100 236,316
*Pyramid Breweries, Inc............................... 86,300 128,102
*QEP Co., Inc......................................... 19,200 148,800
*QMS, Inc............................................. 40,905 122,715
*Qad, Inc............................................. 32,000 153,000
*Quad Systems Corp.................................... 68,000 93,500
Quaker Chemical Corp.................................. 71,600 1,118,750
*Quaker City Bancorp, Inc............................. 63,562 1,072,609
*Quaker Fabric Corp................................... 202,300 679,602
*Quality Dining, Inc.................................. 201,200 471,563
Quality Systems, Inc.................................. 80,500 543,375
Quanex Corp........................................... 205,000 4,343,438
*Quantum Corp.- DLT................................... 22,233 350,170
*Quantum Corp-Hard Disk Drive......................... 31,616 217,360
*Quest Diagnostics, Inc............................... 432,200 13,155,088
*Quidel Corp.......................................... 36,000 211,500
*Quigley Corp......................................... 22,100 46,617
*Quintel Entertainment, Inc........................... 34,000 206,125
Quipp, Inc............................................ 1,300 19,825
</TABLE>
22
<PAGE>
THE U.S. 6-10 VALUE SERIES
CONTINUED
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
Quixote Corp.......................................... 56,600 $ 905,600
*R & B, Inc........................................... 92,900 574,819
*RCM Technologies, Inc................................ 236,900 3,042,684
*RDO Equipment Co. Class A............................ 74,200 486,938
*RF Monolithics, Inc.................................. 8,800 51,288
RLI Corp.............................................. 128,412 4,366,008
*RMH Teleservices, Inc................................ 84,100 592,642
RPC, Inc.............................................. 145,400 999,625
*RTI International Metals, Inc........................ 212,750 1,409,469
*RTW, Inc............................................. 136,700 713,403
*Racing Champions Corp................................ 8,400 41,738
*Radiance Medical Systems, Inc........................ 132,400 719,925
*RadiSys Corp......................................... 41,611 1,863,415
*Rag Shops, Inc....................................... 55,755 116,737
*Ragen Mackenzie Group, Inc........................... 35,100 712,969
*Railamerica, Inc..................................... 98,500 797,234
*Railtex, Inc......................................... 168,400 2,841,750
*RailWorks Corp....................................... 200 2,025
*Rainbow Technologies, Inc............................ 51,550 874,739
*Rainforest Cafe, Inc................................. 278,500 1,305,469
*Ramsay Youth Services, Inc........................... 51,266 70,491
Range Resources Corp.................................. 550,400 1,823,200
*Rare Hospitality International, Inc.................. 133,500 2,807,672
Raven Industries, Inc................................. 13,600 197,625
*Raytech Corp. DE..................................... 27,100 103,319
*Raytel Med Corp...................................... 146,800 435,813
*Reading Entertainment, Inc........................... 75,736 444,949
*Read-Rite Corp....................................... 625,100 3,428,283
*Recoton Corp......................................... 200,400 1,634,513
*Redhook Ale Brewery, Inc............................. 106,500 257,930
Redwood Empire Bancorp................................ 28,200 664,463
*Reebok International, Ltd............................ 641,600 5,774,400
*Refac................................................ 48,685 225,168
*Regeneron Pharmaceuticals, Inc....................... 403,200 3,099,600
*Reliability, Inc..................................... 84,500 248,219
Reliance Bancorp, Inc................................. 28,100 1,105,559
Reliance Group Holdings, Inc.......................... 622,800 2,491,200
*Relm Wireless Corp................................... 59,254 244,423
*Remington Oil & Gas Corp............................. 19,600 98,613
*Renaissance Worldwide, Inc........................... 610,000 2,935,625
*Renex Corp........................................... 141,800 864,094
*Rentrak Corp......................................... 63,000 340,594
*Rent-Way, Inc........................................ 64,000 976,000
*#Repligen Corp....................................... 30,200 134,956
*#Reptron Electronics, Inc............................ 91,500 629,063
Republic Bancorp, Inc................................. 17,960 246,950
*Republic Bankshares, Inc............................. 44,900 632,809
*Republic First Bancorp, Inc.......................... 37,930 244,174
Republic Security Financial Corp...................... 113,608 914,189
*Research Partners International, Inc................. 86,400 419,850
*ResortQuest International, Inc....................... 219,500 1,358,156
Resource America, Inc................................. 137,600 1,156,700
Resource Bancshares Mortgage Group, Inc............... 295,335 1,495,133
*Respironics, Inc..................................... 26,500 211,172
*Rex Stores Corp...................................... 91,100 3,399,169
*Rexhall Industries, Inc.............................. 14,099 119,842
Richardson Electronics, Ltd........................... 97,900 651,647
*Riddell Sports, Inc.................................. 114,700 344,100
Riggs National Corp................................... 365,300 5,194,109
*Right Management Consultants, Inc.................... 87,600 960,863
*Rightchoice Managed Care, Inc. Class A............... 47,700 536,625
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Risk Capital Holdings, Inc........................... 6,900 $ 89,484
*Riverside Group, Inc................................. 3,200 3,650
Riverview Bancorp, Inc................................ 61,800 689,456
*Roadhouse Grill, Inc................................. 109,000 432,594
Roadway Express, Inc.................................. 21,600 429,975
Roanoke Electric Steel Corp........................... 148,900 2,424,278
Robbins & Myers, Inc.................................. 3,700 74,000
*Roberds, Inc......................................... 79,700 82,191
*Roberts Pharmaceutical Corp.......................... 125,700 4,061,681
*Robinson Nugent, Inc................................. 53,900 515,419
*#Robotic Vision Systems, Inc......................... 173,800 1,037,369
*Rochester Medical Corp............................... 29,000 215,688
*Rock of Ages Co...................................... 87,700 523,459
Rock-Tenn Co. Class A................................. 330,100 5,116,550
*Rocky Shoes & Boots, Inc............................. 65,400 492,544
*Rofin-Sinar Technologies, Inc........................ 33,800 238,713
*Rogue Wave Software, Inc............................. 99,900 789,834
Rollins Truck Leasing Corp............................ 863,100 10,141,425
*Romac International, Inc............................. 990,600 11,113,294
*Rottlund, Inc........................................ 37,800 101,588
Rouge Industries, Inc. Class A........................ 229,900 1,738,619
*Royal Precision, Inc................................. 14,150 38,028
*Rural/Metro Corp..................................... 81,100 468,859
*Rush Enterprises, Inc................................ 49,100 751,844
Russ Berrie & Co., Inc................................ 194,600 4,962,300
Russell Corp.......................................... 43,200 564,300
*Ryans Family Steak Houses, Inc....................... 555,400 5,467,219
Ryerson Tull, Inc..................................... 85,892 1,755,418
Ryland Group, Inc..................................... 238,464 5,425,056
*S&K Famous Brands, Inc............................... 104,700 788,522
*S3, Inc.............................................. 544,724 4,596,109
*SBE, Inc............................................. 7,600 48,688
*SBS Technologies, Inc................................ 40,000 1,341,250
#SCPIE Holdings, Inc.................................. 73,700 2,565,681
*SED International Holdings, Inc...................... 115,300 236,005
*SEEC, Inc............................................ 28,000 114,625
*SEMX Corp............................................ 104,700 667,463
*SGV Bancorp, Inc..................................... 9,300 212,738
*SMC Corp............................................. 66,700 270,969
*SOS Staffing Services, Inc........................... 48,800 231,800
*SPAR Group, Inc...................................... 11,500 46,000
*SPR, Inc............................................. 39,400 182,225
*SPS Technologies, Inc................................ 7,200 235,800
*SS&C Technologies, Inc............................... 1,100 5,947
*SSE Telecom, Inc..................................... 68,700 425,081
*STAR Telecommunications, Inc......................... 26,200 207,144
*STM Wireless, Inc. Class A........................... 97,800 479,831
*Safety 1st, Inc...................................... 55,400 392,994
*Safety Components International, Inc................. 40,200 110,550
*Salient 3 Communications, Inc. Class A............... 72,900 555,863
*Sames Corp........................................... 30,918 463,770
*San Filippo (John B.) & Son, Inc..................... 75,200 270,250
Sanderson Farms, Inc.................................. 192,700 1,794,519
*Sandisk Corp......................................... 78,100 5,157,041
*Sands Regent Casino Hotel............................ 15,492 26,143
*Santa Fe Snyder Corp................................. 20,500 164,000
*Saucony, Inc. Class A................................ 19,800 247,500
*Saucony, Inc. Class B................................ 30,000 381,563
*Savoir Technology Group, Inc......................... 148,500 793,547
*Scan-Optics, Inc..................................... 100,700 133,742
*Scheid Vineyards, Inc................................ 15,500 62,969
*Schein (Henry), Inc.................................. 27,300 350,634
</TABLE>
23
<PAGE>
THE U.S. 6-10 VALUE SERIES
CONTINUED
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Schieb (Earl), Inc................................... 70,500 $ 264,375
*Schlotzskys, Inc..................................... 167,700 1,158,178
Schnitzer Steel Industries, Inc. Class A.............. 68,700 1,281,684
*Schuff Steel Company................................. 102,000 395,250
*Schuler Homes, Inc................................... 332,000 2,147,625
Schulman (A.), Inc.................................... 117,200 1,856,888
Schultz Sav-O Stores, Inc............................. 15,300 200,813
Schweitzer-Maudoit International, Inc................. 160,400 2,125,300
*Scios-Nova, Inc...................................... 145,300 558,497
Scope Industries, Inc................................. 7,700 425,425
Seaboard Corp......................................... 100 23,400
Seacoast Financial Services Corp...................... 123,869 1,312,237
*Seacor Smit, Inc..................................... 139,500 7,236,563
*Seattle Filmworks, Inc............................... 215,800 697,978
*Secom General Corp................................... 11,500 35,938
*Segue Software, Inc.................................. 101,700 2,590,172
*Seibels Bruce Group, Inc............................. 89,700 192,014
*Seitel, Inc.......................................... 242,100 1,634,175
Selas Corp. of America................................ 67,000 414,563
Selective Insurance Group, Inc........................ 343,900 6,028,997
*Semitool, Inc........................................ 72,500 826,953
*Seneca Foods Corp. Class B........................... 10,500 124,688
*Sensormatic Electronics Corp......................... 755,400 12,039,188
*Sequa Corp. Class A.................................. 74,000 4,116,250
*Sequa Corp. Class B.................................. 31,400 1,978,200
*SeraCare, Inc........................................ 1,500 4,781
*Service Experts, Inc................................. 304,000 1,900,000
*Sharper Image Corp................................... 48,400 980,100
*Shaw Group, Inc...................................... 148,100 3,091,588
*Sheldahl, Inc........................................ 128,300 525,228
*Shells Seafood Restaurants, Inc...................... 42,100 122,353
*Shiloh Industries, Inc............................... 156,300 1,357,856
*Shoe Carnival, Inc................................... 144,300 1,470,056
*Shoe Pavilion, Inc................................... 800 1,775
*Sholodge, Inc........................................ 75,000 428,906
*Shoney's, Inc........................................ 594,304 817,168
*Shopko Stores, Inc................................... 31,500 714,656
*Showpower, Inc....................................... 6,900 37,088
*Sierra Health Services, Inc.......................... 133,500 1,251,563
Sifco Industries, Inc................................. 61,415 422,228
*Sight Resource Corp.................................. 96,800 208,725
*Sigmatron International, Inc......................... 16,300 136,513
*Signal Technology Corp............................... 86,900 391,050
*Signature Eyewear, Inc............................... 17,000 53,656
*Silicon Storage Technology, Inc...................... 61,100 1,613,422
*Silicon Valley Group, Inc............................ 448,700 6,436,041
*Silverleaf Resorts, Inc.............................. 223,000 1,630,688
*Simione Central Holdings, Inc........................ 135,500 165,141
Simmons First National Corp. Class A.................. 42,200 1,149,950
*Simon Transportation Services, Inc................... 83,000 472,063
Simpson Industries, Inc............................... 287,400 3,026,681
*#Simula, Inc......................................... 73,300 416,894
*Sinclair Broadcast Group, Inc. Class A............... 28,200 326,944
*Sitel Corp........................................... 995,000 5,907,813
*Sizzler International, Inc........................... 238,300 595,750
Sky Financial Group, Inc.............................. 12,255 284,546
Skyline Corp.......................................... 106,200 2,635,088
Skywest, Inc.......................................... 138,200 3,394,538
Smart & Final Food, Inc............................... 156,000 1,072,500
Smith (A.O.) Corp..................................... 220,850 4,858,700
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
Smith (A.O.) Corp. Convertible Class A................ 69,750 $ 1,499,625
*Smithway Motor Express Corp. Class A................. 66,800 294,338
*Softech, Inc......................................... 58,000 72,500
*#Software Spectrum, Inc.............................. 54,300 593,906
*Sola International, Inc.............................. 448,600 6,392,550
*Sonic Automotive, Inc................................ 71,000 639,000
*Sound Advice, Inc.................................... 25,100 246,294
South Jersey Industries, Inc.......................... 185,777 5,445,588
*Southern Energy Homes, Inc........................... 168,100 383,478
*#Southern Pacific Funding Corp....................... 120,000 2,700
*Southwall Technologies, Inc.......................... 86,600 377,522
Southwestern Energy Co................................ 418,900 3,115,569
Sovereign Bancorp, Inc................................ 295,840 2,620,958
*Spacehab, Inc........................................ 55,100 273,778
*Spacelabs Medical, Inc............................... 164,400 2,291,325
Span-American Medical System, Inc..................... 25,300 85,783
Spartan Motors, Inc................................... 267,700 1,120,994
*Sparton Corp......................................... 100,600 477,850
*Special Metals Corp.................................. 10,000 34,063
*Spectrian Corp....................................... 78,500 2,131,766
*Spectrum Control, Inc................................ 122,000 1,315,313
*SpeedFam-IPEC, Inc................................... 266,047 3,142,680
*Speizman Industries, Inc............................. 37,400 191,675
*Spiegel, Inc. Class A Non-Voting..................... 8,300 66,141
*Splash Technology Holdings, Inc...................... 21,100 150,008
*Sport Chalet, Inc.................................... 42,300 243,886
*Sport Supply Group, Inc.............................. 85,900 547,613
*Sport-Haley, Inc..................................... 56,900 224,044
*Sports Authority, Inc................................ 553,400 1,175,975
*Sports Club Co., Inc................................. 69,900 292,706
*Sportsman's Guide, Inc............................... 79,500 255,891
Springs Industries, Inc. Class A...................... 5,100 204,000
St. Francis Capital Corp.............................. 92,600 1,854,894
St. Mary Land & Exploration Co........................ 53,500 1,131,859
*Stac Software, Inc................................... 22,300 137,284
*Staffmark, Inc....................................... 184,700 1,468,942
*Stage II Apparel Corp................................ 31,600 39,500
*Stage Stores, Inc.................................... 32,200 102,638
Standard Commercial Corp.............................. 173,980 674,173
*Standard Management Corp............................. 96,900 584,428
*Standard Microsystems Corp........................... 213,300 2,606,259
Standard Motor Products, Inc. Class A................. 146,150 2,676,372
Standard Pacific Corp. DE............................. 616,472 6,781,192
*Standard Register Co................................. 4,900 103,206
*Stanford Telecommunications, Inc..................... 2,400 81,825
*Stanley Furniture, Inc............................... 118,400 2,412,400
*Star Buffet, Inc..................................... 7,200 30,150
*Star Multi Care Services, Inc........................ 57,100 41,933
*Starcraft Corp....................................... 27,300 191,953
Starrett (L.S.) Co. Class A........................... 58,400 1,390,650
*Starter Corp......................................... 237,200 21,348
State Auto Financial Corp............................. 30,600 295,481
State Financial Services Corp. Class A................ 41,900 662,544
*Station Casinos, Inc................................. 309,700 7,432,800
Steel Technologies, Inc............................... 192,200 2,156,244
*Steinway Musical Instruments, Inc.................... 9,900 198,000
Stepan Co............................................. 111,600 2,643,525
Stephan Co............................................ 50,600 202,400
Sterling Bancorp...................................... 63,500 1,190,625
</TABLE>
24
<PAGE>
THE U.S. 6-10 VALUE SERIES
CONTINUED
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Sterling Financial Corp. WA.......................... 92,180 $ 1,169,534
Stewart & Stevenson Services, Inc..................... 301,900 3,603,931
Stewart Enterprises, Inc.............................. 600,600 3,068,691
Stewart Information Services Corp..................... 147,600 1,992,600
Stifel Financial Corp................................. 83,472 866,022
Stone & Webster, Inc.................................. 179,900 2,945,863
*Storage Computer Corp................................ 16,500 20,625
*Stormedia, Inc. Class A.............................. 136,200 136
*#Stratasys, Inc...................................... 32,700 194,156
*Strategic Diagnostics, Inc........................... 11,000 85,938
*Strategic Distribution, Inc.......................... 619,100 986,691
*Stratus Properties, Inc.............................. 156,700 641,491
*Strawbridge and Clothier Liquidating Trust........... 71,881 11,681
Stride Rite Corp...................................... 246,800 1,573,350
*Strouds, Inc......................................... 136,000 299,625
*Suburban Lodges of America, Inc...................... 207,600 1,200,188
*Success Bancshares, Inc.............................. 13,800 162,150
*Successories, Inc.................................... 130,500 350,719
*Summa Industries, Inc................................ 500 6,156
*Summit Design, Inc................................... 329,400 1,008,788
*#Sunbeam Corp........................................ 56,000 276,500
*Sunburst Hospi....................................... 13,250 68,734
*Sundance Homes, Inc.................................. 40,500 9,113
*Sunrise Assisted Living, Inc......................... 22,300 293,384
*Sunrise Medical, Inc................................. 334,000 2,004,000
*Sunrise Resources, Inc............................... 88,900 454,223
*Sunterra Corp........................................ 237,900 2,557,425
*Superior Energy Services, Inc........................ 6,700 43,759
*Superior National Insurance Group, Inc............... 16,400 49,713
Superior Surgical Manufacturing Co., Inc.............. 105,900 1,032,525
*Suprema Specialties, Inc............................. 50,500 443,453
Susquehanna Bancshares, Inc........................... 184,072 3,180,994
*Swift Energy Corp.................................... 174,500 1,941,313
*Swiss Army Brands, Inc............................... 89,900 736,056
*Sybase, Inc.......................................... 105,000 1,696,406
*Sybron Chemicals, Inc................................ 1,600 21,800
*Sylvan Learning Systems, Inc......................... 2,200 29,150
*Sylvan, Inc.......................................... 104,000 968,500
*Symix Systems, Inc................................... 3,600 45,338
*Symmetricom, Inc..................................... 244,200 1,816,238
*Symons International Group, Inc...................... 37,500 50,977
*Symphonix Devices, Inc............................... 29,000 90,172
*Syms Corp............................................ 195,000 1,182,188
Synalloy Corp. DE..................................... 79,400 570,688
*Synaptic Pharmaceutical Corp......................... 70,100 319,831
*Synbiotics Corp...................................... 97,400 220,672
*#Sync Research, Inc.................................. 46,680 142,958
*Syncor International Corp. DE........................ 100,300 2,808,400
*Syntellect, Inc...................................... 218,100 483,909
*Synthetic Industries, Inc............................ 136,000 4,432,750
*Syntroleum Corp...................................... 44,600 439,728
*Sypris Solutions, Inc................................ 26,250 261,680
*Systemax, Inc........................................ 10,100 97,844
*T&W Financial Corp................................... 55,300 175,405
*TBA Entertainment Corp............................... 138,000 577,875
*TBC Corp............................................. 386,900 2,285,128
TCBY Enterprises, Inc................................. 278,066 1,112,264
*TCC Industries, Inc.................................. 24,800 1,364
*TCI International, Inc............................... 27,600 117,300
*TCSI Corp............................................ 383,100 718,313
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*TEAM America Corp.................................... 2,500 $ 15,938
TF Financial Corp..................................... 32,100 442,378
*TFC Enterprises, Inc................................. 1,000 4,281
*TII Industries, Inc.................................. 92,200 116,691
TJ International, Inc................................. 112,300 4,677,997
*TRC Companies, Inc................................... 91,450 720,169
*TRM Copy Centers Corp................................ 81,500 463,531
*TST/Impreso, Inc..................................... 6,500 22,344
Tab Products Co. DE................................... 62,100 473,513
*Taco Cabana, Inc..................................... 181,400 1,570,244
Talbots, Inc.......................................... 39,300 1,906,050
*Tandy Brand Accessories, Inc......................... 14,900 194,166
*Tandy Crafts, Inc.................................... 157,200 520,725
Tasty Baking Co....................................... 3,000 28,688
*Team, Inc............................................ 76,300 171,675
*Technical Communications Corp........................ 6,300 22,444
Technology Research Corp.............................. 61,000 65,766
*Tech-Sym Corp........................................ 77,000 1,453,375
*Tegal Corp........................................... 208,000 672,750
*Telescape International, Inc......................... 10,800 101,925
Telxon Corp........................................... 184,700 2,914,797
*Template Software, Inc............................... 7,600 72,200
*Temtex Industries, Inc............................... 35,700 59,686
Terra Industries, Inc................................. 1,478,300 3,048,994
*Tesoro Petroleum Corp................................ 649,700 7,796,400
*Tesseract Group, Inc................................. 117,200 219,750
*Tetra Technologies, Inc.............................. 257,400 1,994,850
Texas Industries, Inc................................. 95,662 3,467,748
*Texfi Industries, Inc................................ 4,800 408
*Thermedics, Inc...................................... 84,000 477,750
*Thermo Bioanalysis Corp.............................. 31,600 556,950
*Thermo Ecotek Corp................................... 38,000 280,250
*Thermo Sentron, Inc.................................. 135,500 2,007,094
*Thermo Terratech, Inc................................ 130,000 877,500
*ThermoQuest Corp..................................... 85,700 883,781
Thermoretec Corp...................................... 118,100 782,413
*Thermospectra Corp................................... 30,400 484,500
*Thermotrex Corp...................................... 26,300 213,688
*Thomas Group, Inc.................................... 40,400 328,250
Thomas Industries, Inc................................ 138,650 2,235,731
*Thomaston Mills, Inc................................. 34,800 44,588
Thor Industries, Inc.................................. 3,900 108,956
*#Thorn Apple Valley, Inc............................. 82,215 9,044
*Tier Technologies, Inc. Class B...................... 27,100 195,628
Timberland Bancorp, Inc............................... 10,000 117,813
*Tipperary Corp....................................... 129,200 177,650
*Titan Exploration, Inc............................... 23,800 84,788
Titan International, Inc.............................. 260,000 1,722,500
Titanium Metals Corp.................................. 490,700 2,668,181
*Today's Man, Inc..................................... 94,500 70,875
*Todd Shipyards Corp.................................. 128,600 1,125,250
Todd-AO Corp. Class A................................. 3,740 66,385
*Toddhunter International, Inc........................ 76,000 698,250
*Tokheim Corp......................................... 73,400 233,963
*Topps, Inc........................................... 36,400 415,188
Toro Co............................................... 84,300 2,734,481
*Total Entertainment Restaurant Corp.................. 16,500 28,102
*Total Renal Care Holdings, Inc....................... 165,000 1,175,625
*Tower Air, Inc....................................... 166,400 247,000
*Track 'n Trail, Inc.................................. 13,800 15,956
*Tractor Supply Co.................................... 61,900 1,052,300
*Trailer Bridge, Inc.................................. 84,000 152,250
*#Trans World Airlines, Inc........................... 638,300 2,074,475
</TABLE>
25
<PAGE>
THE U.S. 6-10 VALUE SERIES
CONTINUED
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Transact Technologies, Inc........................... 10,900 $ 80,388
*Transcoastal Marine Services, Inc.................... 139,200 450,225
*Transfinancial Holdings, Inc......................... 68,700 364,969
*Transmation, Inc..................................... 60,000 121,875
*Transmedia Network, Inc.............................. 26,700 66,750
#Transport Lux Corp................................... 2,546 20,050
*Transportation Components, Inc....................... 284,000 781,000
*Transportation Technologies Industries, Inc.......... 126,700 1,698,572
Transpro, Inc......................................... 56,900 376,963
Transtechnology Corp.................................. 81,300 711,375
*Transworld Healthcare, Inc........................... 199,800 437,063
*Travel Services International, Inc................... 49,000 491,531
Tremont Corp. DE...................................... 70,633 1,125,713
*Trend-Lines, Inc. Class A............................ 70,900 104,134
Trenwick Group, Inc................................... 178,857 3,633,033
*Trex Medical Corp.................................... 185,700 510,675
*Triad Hospitals, Inc................................. 13,500 166,641
*Trico Marine Services, Inc........................... 274,800 2,052,413
*Trident Microsystems, Inc............................ 169,200 1,771,313
*Tridex Corp.......................................... 71,900 128,072
Trigen Energy Corp.................................... 196,700 3,208,669
*Trimark Holdings, Inc................................ 30,300 93,741
*TriPath Imaging, Inc................................. 98,787 648,290
*Triple S Plastics, Inc............................... 33,100 384,788
*Tripos, Inc.......................................... 44,266 440,585
*Triumph Group........................................ 107,600 2,616,025
*Trump Hotels & Casino Resorts, Inc................... 390,900 1,514,738
*Tuboscope Vetco International, Inc................... 220,200 3,137,850
*Tultex Corp.......................................... 96,807 21,177
Twin Disc, Inc........................................ 35,200 490,600
*Twinlab Corp......................................... 32,500 316,875
*Tyler Technologies, Inc.............................. 190,600 786,225
U.S. Bancorp, Inc..................................... 125,800 1,580,363
*#U.S. Diagnostic, Inc................................ 280,000 240,625
*U.S. Home & Garden, Inc.............................. 11,600 27,369
*U.S. Office Products, Co............................. 402,000 1,482,375
*U.S. Vision, Inc..................................... 47,000 118,969
*URS Corp............................................. 53,702 1,047,189
*US Can Corp.......................................... 71,400 1,276,275
*US Liquids, Inc...................................... 6,000 47,625
*US Oncology, Inc..................................... 1,010,520 4,815,759
*US Xpress Enterprises, Inc. Class A.................. 141,590 1,022,103
*USA Floral Products, Inc............................. 193,000 548,844
*USA Truck, Inc....................................... 31,400 271,806
*USData Corp.......................................... 6,750 65,391
*UTI Energy Corp...................................... 149,000 3,017,250
*Ubics, Inc........................................... 52,000 134,875
*Ugly Duckling Corp................................... 175,500 1,305,281
*Ultimate Electronics, Inc............................ 133,200 3,117,713
*Ultrak, Inc.......................................... 172,000 806,250
*Ultralife Batteries, Inc............................. 142,600 864,513
*Ultratech Stepper, Inc............................... 238,600 4,511,031
*#Unapix Entertainment, Inc........................... 62,900 117,938
*Unicapital Corp...................................... 22,500 50,625
Unico American Corp................................... 60,300 414,563
*UniComp, Inc......................................... 8,100 30,375
*Unifab International, Inc............................ 8,800 53,075
*Unifi, Inc........................................... 15,500 205,375
Unifirst Corp......................................... 153,300 2,328,244
*Unimark Group, Inc................................... 126,600 162,206
*Uni-Marts, Inc....................................... 103,200 90,300
*Union Acceptance Corp. Class A....................... 55,600 408,313
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*Union Community Bancorp.............................. 500 $ 5,469
*Uniroyal Technology Corp............................. 111,100 1,853,981
*Unit Corp............................................ 298,700 1,717,525
*United American Healthcare Corp...................... 80,200 85,213
*United Auto Group, Inc............................... 19,900 179,100
United Community Financial Corp....................... 5,500 59,125
*#United Companies Financial Corp..................... 79,900 6,991
United Fire Casualty Co............................... 18,750 405,469
United Industrial Corp................................ 205,800 1,787,888
United National Bancorp............................... 11,832 259,565
*United Natural Foods, Inc............................ 129,900 1,096,031
*United Retail Group, Inc............................. 160,300 1,480,270
*United Road Services, Inc............................ 53,800 101,716
*United States Energy Corp............................ 27,600 106,950
*United States Home Corp.............................. 152,800 3,934,600
United Wisconsin Services, Inc........................ 244,800 1,315,800
*Unitel Video, Inc.................................... 29,500 11,063
*Universal American Financial Corp.................... 56,200 238,850
*Universal Electronics, Inc........................... 41,400 1,565,438
Universal Forest Products, Inc........................ 400 6,188
*#Universal International, Inc........................ 34,600 89,744
*Universal Stainless & Alloy Products, Inc............ 34,300 129,161
*Uno Restaurant Corp.................................. 103,100 1,134,100
*Unova, Inc........................................... 58,000 761,250
*Urocor, Inc.......................................... 139,000 471,297
*Urogen Corp. (Restricted)............................ 14,500 5,510
*Urologix, Inc........................................ 187,500 955,078
*Uroquest Medical Corp................................ 40,900 72,853
*Utilx Corp........................................... 81,600 357,000
*V.I. Technologies, Inc............................... 19,300 116,403
*VTEL Corp............................................ 369,300 1,327,172
*#Vail Resorts, Inc................................... 8,675 149,102
*Valence Technology, Inc.............................. 74,700 680,470
*Vallen Corp.......................................... 146,300 3,625,497
*Valley National Gases, Inc........................... 7,000 23,625
Valmont Industries, Inc............................... 7,500 132,188
*Value City Department Stores, Inc.................... 416,600 6,952,013
*Valuevision International, Inc. Class A.............. 277,300 12,469,834
*Vans, Inc............................................ 147,700 1,772,400
*#Vari L Co., Inc..................................... 108,000 2,163,375
*Variflex, Inc........................................ 65,500 409,375
*Venator Group, Inc................................... 923,000 6,345,625
*Verilink Corp........................................ 237,900 784,327
*Veritas DGC, Inc..................................... 164,600 2,396,988
*Verity, Inc.......................................... 50,000 5,173,438
*Versar, Inc.......................................... 1,300 3,006
*Vertex Communications Corp........................... 82,000 1,742,500
Vesta Insurance Group, Inc............................ 222,700 876,881
*Vestcom Int'l, Inc................................... 104,200 364,700
*Veterinary Centers of America, Inc................... 355,400 3,987,144
*Viasoft, Inc......................................... 91,600 565,344
*Vicon Industries, Inc................................ 54,500 320,188
*Vicorp Restaurants, Inc.............................. 115,300 2,024,956
*Video Display Corp................................... 47,100 188,400
*Video Services Corp.................................. 27,000 81,000
*Videonics, Inc....................................... 58,000 58,906
*Viisage Technology, Inc.............................. 11,000 36,438
Vintage Petroleum, Inc................................ 400,200 4,277,138
Virco Manufacturing Corp.............................. 123,898 1,688,110
Virginia Gas Co....................................... 2,000 6,063
*Virtualfund.Com, Inc................................. 27,800 57,338
*Vision Twenty-One, Inc............................... 5,500 23,375
</TABLE>
26
<PAGE>
THE U.S. 6-10 VALUE SERIES
CONTINUED
<TABLE>
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
*VisionAmerica, Inc................................... 31,100 $ 91,356
Vital Signs, Inc...................................... 194,000 4,534,750
*#Vitech America, Inc................................. 1,400 10,653
*Vivid Technologies, Inc.............................. 40,800 241,613
*Volt Information Sciences, Inc....................... 164,600 3,672,638
Vulcan International Corp............................. 12,200 378,200
*Vysis, Inc........................................... 23,000 73,672
WFS Financial, Inc.................................... 247,800 5,521,294
*#WHX Corp............................................ 372,500 3,305,938
*WLR Foods, Inc....................................... 206,506 1,174,503
*WPI Group, Inc....................................... 117,600 319,725
Wabash National Corp.................................. 175,600 2,579,125
Wackenhut Corp. Class A............................... 41,500 588,781
Wackenhut Corp. Class B Non-Voting.................... 47,600 481,950
*Walker Interactive Systems, Inc...................... 199,300 1,164,659
*Wall Street Deli, Inc................................ 39,700 54,588
*Warrantech Corp...................................... 227,000 227,000
Warren Bancorp, Inc................................... 72,000 587,250
*Warwick Community Bancorp, Inc....................... 1,200 12,450
*Washington Homes, Inc................................ 104,000 552,500
Washington Savings Bank FSB Waldorf, MD............... 23,500 79,313
*Waterlink, Inc....................................... 225,000 703,125
Watkins-Johnson Co.................................... 113,000 4,385,813
Watsco, Inc. Class A.................................. 243,600 2,649,150
Watts Industries, Inc. Class A........................ 290,400 4,047,450
*Webb (Del) Corp...................................... 311,188 7,118,426
*Webco Industries, Inc................................ 90,500 294,125
*Weider Nutrition International, Inc.................. 18,300 61,763
*Weirton Steel Corp................................... 492,600 1,570,163
Wellco Enterprises, Inc............................... 4,800 37,800
Wellman, Inc.......................................... 543,200 8,657,250
*#Wells-Gardner Electronics Corp...................... 47,985 149,953
Werner Enterprises, Inc............................... 273,225 4,098,375
*West Marine, Inc..................................... 76,600 653,494
West Pharmaceutical Services, Inc..................... 161,800 5,652,888
*Westbank Corp........................................ 400 3,825
Westcorp, Inc......................................... 412,056 6,052,073
Westerfed Financial Corp.............................. 71,600 1,181,400
*Western Beef, Inc.................................... 57,400 500,456
Western Ohio Financial Corp........................... 21,700 387,209
*Western Water Co..................................... 34,000 45,688
*Weston (Roy F.), Inc. Class A........................ 89,300 198,134
*Westwood Homestead Financial Corp.................... 300 3,272
*Wet Seal, Inc. Class A............................... 19,300 262,359
Weyco Group, Inc...................................... 2,400 59,100
Whitney Holdings Corp................................. 59,600 2,262,938
*Wickes Lumber Co..................................... 96,600 490,547
*Williams Clayton Energy, Inc......................... 122,000 1,807,125
*Willis Lease Finance Corp............................ 44,200 290,063
*Wilshire Financial Sevices Group, Inc................ 2,092 2,484
*Wilshire Oil Co. of Texas............................ 108,514 420,492
*Windmere Corp........................................ 232,800 3,331,950
Winnebago Industries, Inc............................. 154,300 2,912,413
Wiser Oil Co.......................................... 116,275 327,023
*Wolf (Howard B.), Inc................................ 5,000 625
Wolohan Lumber Co..................................... 77,278 944,241
*Wolverine Tube, Inc.................................. 178,000 2,703,375
Wolverine World Wide, Inc............................. 63,000 689,063
<CAPTION>
SHARES VALUE+
------ ------
<S> <C> <C>
Woodhead Industries, Inc.............................. 143,500 $ 1,901,375
Woodward Governor Co.................................. 19,900 536,678
*Workgroup Technology Corp............................ 91,600 100,188
World Fuel Services Corp.............................. 58,600 468,800
*Worldtex, Inc........................................ 242,700 288,206
*Wyant Corp........................................... 800 1,675
*Xetel Corp........................................... 131,500 244,508
*Xicor, Inc........................................... 115,800 1,103,719
*Xtra Corp............................................ 116,200 4,648,000
Yankee Energy Systems, Inc............................ 114,900 4,904,794
Yardville National Bancorp............................ 47,970 575,640
*Yellow Corp.......................................... 312,600 5,275,125
York Financial Corp................................... 111,505 1,414,720
York Group, Inc....................................... 86,600 369,403
*York Research Corp................................... 3,800 14,013
Zap.com Corp.......................................... 2,558 5,756
*Zapata Corp.......................................... 127,900 695,456
*Zaring National Corp................................. 46,000 209,875
*Zemex Corp........................................... 109,658 890,971
Zenith National Insurance Corp........................ 210,500 4,367,875
#Ziegler Co., Inc..................................... 7,700 110,206
*Zing Technologies, Inc............................... 29,800 253,300
*Zoll Medical Corp.................................... 66,000 2,264,625
*#Zoltek Companies, Inc............................... 44,200 512,444
*Zygo Corp............................................ 62,800 1,212,825
*Zymetx, Inc.......................................... 15,000 31,641
--------------
TOTAL COMMON STOCKS
(Cost $2,645,520,029)................................ 2,668,998,692
--------------
RIGHTS/WARRANTS -- (0.0%)
*Arch Communications Group Inc. Warrants 09/01/03..... 463,512 246,241
*CSF Holdings, Inc. Litigation Rights 12/30/99........ 40,500 0
*Franklin Covey Co. Rights 11/30/99................... 297,200 0
*Skyepharma P.L.C. Contingent Payment Rights.......... 55,300 0
--------------
TOTAL RIGHTS/WARRANTS
(Cost $318,433)...................................... 246,241
--------------
</TABLE>
<TABLE>
<CAPTION>
FACE
AMOUNT
------
(000)
<S> <C> <C>
TEMPORARY CASH
INVESTMENTS -- (1.4%)
Repurchase Agreement, PNC Capital Markets Inc. 5.30%,
12/01/99 (Collateralized by U.S. Treasury Notes
6.125%, 07/31/00, valued at $38,849,888) to be
repurchased at $38,276,634.
(Cost $38,271,000).................................. $ 38,271 38,271,000
--------------
TOTAL INVESTMENTS -- (100.0%)
(Cost $2,684,109,462)++.............................. $2,707,515,933
==============
</TABLE>
<TABLE>
<C> <S>
- --------------------------------------------------------------------------------
+ See Note B to Financial Statements.
* Non-Income Producing Securities
# Total or Partial Securities on Loan
++ The cost for federal income tax purposes is $2,684,241,438.
</TABLE>
See accompanying Notes to Financial Statements.
27
<PAGE>
THE DFA INVESTMENT TRUST COMPANY
THE U.S. 6-10 VALUE SERIES
STATEMENT OF ASSETS AND LIABILITIES
NOVEMBER 30, 1999
(AMOUNTS IN THOUSANDS, EXCEPT SHARE AMOUNTS)
<TABLE>
<S> <C>
ASSETS:
Investments at Value........................................ $ 2,707,516
Collateral for Securities Loaned............................ 49,018
Receivables
Dividends and Interest.................................... 2,120
Investment Securities Sold................................ 9,810
------------
Total Assets............................................ 2,768,464
------------
LIABILITIES:
Payable for Collateral on Securities Loaned................. 49,018
Payable for Investment Securities Purchased................. 25,531
Payable for Fund Shares Redeemed............................ 740
Accrued Expenses and Other Liabilities...................... 702
------------
Total Liabilities....................................... 75,991
------------
NET ASSETS.................................................. $ 2,692,473
============
SHARES OUTSTANDING $.01 PAR VALUE
(Unlimited Number of Shares Authorized)................... 156,919,671
============
NET ASSET VALUE, OFFERING AND REDEMPTION PRICE PER SHARE.... $ 17.16
============
Investments at Cost......................................... $ 2,684,109
============
COMPONENTS OF NET ASSETS:
Paid-In Capital............................................. $ 2,408,698
Undistributed Net Investment Income......................... 1,816
Undistributed Net Realized Gain............................. 258,553
Unrealized Appreciation of Investment Securities............ 23,406
------------
Total Net Assets........................................ $ 2,692,473
============
</TABLE>
See accompanying Notes to Financial Statements.
28
<PAGE>
THE DFA INVESTMENT TRUST COMPANY
THE U.S. 6-10 VALUE SERIES
STATEMENT OF OPERATIONS
FOR THE YEAR ENDED NOVEMBER 30, 1999
(AMOUNTS IN THOUSANDS)
<TABLE>
<S> <C>
INVESTMENT INCOME
Dividends................................................. $ 24,838
Interest.................................................. 2,207
Income from Securities Lending............................ 1,486
--------
Total Investment Income............................... 28,531
--------
EXPENSES
Investment Advisory Services.............................. 5,217
Accounting & Transfer Agent Fees.......................... 1,027
Custodian's Fee........................................... 361
Legal Fees................................................ 43
Audit Fees................................................ 38
Shareholders' Reports..................................... 56
Trustees' Fees and Expenses............................... 9
Other..................................................... 70
--------
Total Expenses........................................ 6,821
--------
NET INVESTMENT INCOME..................................... 21,710
--------
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS
Net Realized Gain on Investment Securities................ 258,801
Change in Unrealized Appreciation (Depreciation) Of
Investment Securities................................... (43,040)
--------
NET GAIN ON INVESTMENT SECURITIES......................... 215,761
--------
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS........ $237,471
========
</TABLE>
See accompanying Notes to Financial Statements.
29
<PAGE>
THE DFA INVESTMENT TRUST COMPANY
THE U.S. 6-10 VALUE SERIES
STATEMENTS OF CHANGES IN NET ASSETS
(AMOUNTS IN THOUSANDS)
<TABLE>
<CAPTION>
YEAR YEAR
ENDED ENDED
NOV. 30, NOV. 30,
1999 1998
----------- -----------
<S> <C> <C>
INCREASE (DECREASE) IN NET ASSETS
Operations:
Net Investment Income..................................... $ 21,710 $ 18,469
Net Realized Gain on Investment Securities................ 258,801 204,982
Change in Unrealized Appreciation (Depreciation) of
Investment Securities................................... (43,040) (454,998)
---------- ----------
Net Increase (Decrease) in Net Assets Resulting from
Operations.......................................... 237,471 (231,547)
---------- ----------
Distributions From:
Net Investment Income..................................... (20,939) (20,925)
Net Realized Gains........................................ (205,075) (201,111)
---------- ----------
Total Distributions................................... (226,014) (222,036)
---------- ----------
Capital Share Transactions (1):
Shares Issued............................................. 340,725 554,989
Shares Issued in Lieu of Cash Distributions............... 220,532 215,595
Shares Redeemed........................................... (315,975) (105,535)
---------- ----------
Net Increase From Capital Share Transactions.......... 245,282 665,049
---------- ----------
Total Increase........................................ 256,739 211,466
NET ASSETS
Beginning of Period....................................... 2,435,734 2,224,268
---------- ----------
End of Period............................................. $2,692,473 $2,435,734
========== ==========
(1) SHARES ISSUED AND REDEEMED:
Shares Issued............................................. 20,729 29,754
Shares Issued in Lieu of Cash Distributions............... 14,152 11,637
Shares Redeemed........................................... (19,083) (5,674)
---------- ----------
15,798 35,717
========== ==========
</TABLE>
See accompanying Notes to Financial Statements.
30
<PAGE>
THE DFA INVESTMENT TRUST COMPANY
THE U.S. 6-10 VALUE SERIES
FINANCIAL HIGHLIGHTS
(FOR A SHARE OUTSTANDING THROUGHOUT EACH PERIOD)
<TABLE>
<CAPTION>
YEAR YEAR YEAR YEAR YEAR
ENDED ENDED ENDED ENDED ENDED
NOV. 30, NOV. 30, NOV. 30, NOV. 30, NOV. 30,
1999 1998 1997 1996 1995
----------- ----------- ----------- ----------- -----------
<S> <C> <C> <C> <C> <C>
Net Asset Value, Beginning of Period... $ 17.26 $ 21.10 $ 16.58 $ 14.02 $ 11.15
---------- ---------- ---------- ---------- ----------
INCOME FROM INVESTMENT OPERATIONS
Net Investment Income................ 0.14 0.14 0.15 0.15 0.14
Net Gains (Losses) on Securities
(Realized and Unrealized).......... 1.38 (1.92) 5.23 2.88 3.06
---------- ---------- ---------- ---------- ----------
Total from Investment Operations... 1.52 (1.78) 5.38 3.03 3.20
---------- ---------- ---------- ---------- ----------
LESS DISTRIBUTIONS
Net Investment Income................ (0.14) (0.16) (0.12) (0.15) (0.14)
Net Realized Gains................... (1.48) (1.90) (0.74) (0.32) (0.19)
---------- ---------- ---------- ---------- ----------
Total Distributions................ (1.62) (2.06) (0.86) (0.47) (0.33)
---------- ---------- ---------- ---------- ----------
Net Asset Value, End of Period......... $ 17.16 $ 17.26 $ 21.10 $ 16.58 $ 14.02
========== ========== ========== ========== ==========
Total Return........................... 9.78% (9.05)% 33.93% 22.14% 28.81%
Net Assets, End of Period
(thousands).......................... $2,692,473 $2,435,734 $2,224,268 $1,248,213 $ 624,343
Ratio of Expenses to Average Net
Assets............................... 0.26% 0.26% 0.28% 0.29% 0.32%
Ratio of Net Investment Income to
Average Net Assets................... 0.83% 0.78% 0.86% 1.11% 1.22%
Portfolio Turnover Rate................ 29.41% 22.51% 25.47% 14.91% 20.62%
</TABLE>
See accompanying Notes to Financial Statements.
31
<PAGE>
THE DFA INVESTMENT TRUST COMPANY
NOTES TO FINANCIAL STATEMENTS
A. ORGANIZATION:
The DFA Investment Trust Company (the "Trust") is an open-end management
investment company registered under the Investment Company Act of 1940. The
Trust currently consists of twenty one series, of which The U.S. 6-10 Value
Series (the "Series") is presented in this report.
Effective August 1, 1997, The U.S. Small Cap Value Series changed its name
to The U.S. 6-10 Value Series.
B. SIGNIFICANT ACCOUNTING POLICIES:
The following significant accounting policies are in conformity with
generally accepted accounting principles for investment companies. Such policies
are consistently followed by the Trust in preparation of its financial
statements. The preparation of financial statements in accordance with generally
accepted accounting principles may require management to make estimates and
assumptions that affect the reported amounts and disclosures in the financial
statements. Actual results could differ from those estimates.
1. SECURITY VALUATION: Securities held by the Series which are listed on a
securities exchange and for which market quotations are readily available are
valued at the last quoted sale price of the day, or if there is no such reported
sale, at the mean between the most recent bid and asked prices. Price
information on listed securities is taken from the exchange where the security
is primarily traded. Unlisted securities for which market quotations are readily
available are valued at the mean between the most recent bid and asked prices.
Securities for which quotations are not readily available are valued in good
faith at fair value using methods determined by the Board of Trustees.
2. FEDERAL INCOME TAXES: It is the Series' intention to continue to
qualify as a regulated investment company and distribute all of its taxable
income. Accordingly, no provision for Federal taxes is required in the financial
statements.
3. REPURCHASE AGREEMENTS: The Series may purchase money market instruments
subject to the seller's agreement to repurchase them at an agreed upon date and
price. The seller will be required on a daily basis to maintain the value of the
collateral subject to the agreement at not less than the repurchase price
(including accrued interest). The agreements are conditioned upon the collateral
being deposited under the Federal Reserve book-entry system or with the Fund's
custodian or a third party sub-custodian. All open repurchase agreements were
entered into on November 30, 1999.
4. OTHER: Security transactions are accounted for on the date the
securities are purchased or sold. Costs used in determining realized gains and
losses on the sale of investment securities are those of specific securities
sold. Dividend income and distributions to shareholders are recorded on the
ex-dividend date. Interest income is recorded on the accrual basis. Discount and
premium on securities purchased are amortized over the lives of the respective
securities. Expenses directly attributable to a Series are directly charged.
Common expenses are allocated using methods determined by the Board of Trustees.
C. INVESTMENT ADVISOR:
Dimensional Fund Advisors Inc. ("DFA" or the "Advisor") provides investment
advisory services to the Series. For the year ended November 30, 1999, the
Series' advisory fees were computed daily and paid monthly to the Advisor based
on an effective annual rate of 0.20 of 1% of average daily net assets.
Certain officers of the Series are also officers, directors and shareholders
of the Advisor.
32
<PAGE>
D. PURCHASES AND SALES OF SECURITIES:
For the year ended November 30, 1999, the Series made the following
purchases and sales of investment securities other than U.S. Government
Securities (amounts in thousands):
<TABLE>
<S> <C>
Purchases.............................................. $784,162
Sales.................................................. 757,966
</TABLE>
E. INVESTMENT TRANSACTIONS:
At November 30, 1999, gross unrealized appreciation and depreciation for
federal income tax purposes of investment securities was as follows (amounts in
thousands):
<TABLE>
<S> <C>
Gross Unrealized Appreciation.......................... $597,377
Gross Unrealized Depreciation.......................... (574,102)
--------
Net.................................................. $ 23,275
========
</TABLE>
F. LINE OF CREDIT:
The Trust, together with other DFA-advised portfolios, has entered into a
$50 million unsecured line of credit with its domestic custodian bank. Each
series is permitted to borrow, subject to its investment limitations, up to a
maximum of $50 million. Borrowings under the line are charged interest at the
current overnight federal funds rate plus a variable rate determined at the date
of borrowing. Each series is individually, and not jointly liable for its
particular advances under the line. There is no commitment fee on the unused
portion of the line of credit. For the year ended November 30, 1999 borrowings
under the line of credit by the Series were as follows:
<TABLE>
<CAPTION>
WEIGHTED WEIGHTED NUMBER OF INTEREST MAXIMUM AMOUNT
AVERAGE AVERAGE DAYS EXPENSE BORROWED DURING
INTEREST RATE LOAN BALANCE OUTSTANDING INCURRED THE PERIOD
- ------------- -------------- ------------ --------- ------------------
<S> <C> <C> <C> <C>
5.27% $6,294,593 8 $24,866 $32,110,000
</TABLE>
There were no outstanding borrowings under the line of credit at
November 30, 1999.
G. SECURITIES LENDING:
Loans of domestic securities are required at all times to be secured by
collateral at least equal to 102% of the market value of the securities on loan.
However, in the event of default or bankruptcy by the other party to the
agreement, realization and/or retention of the collateral may be subject to
legal proceedings. In the event that the borrower fails to return loaned
securities, and cash collateral being maintained by the borrower is insufficient
to cover the value of loaned securities and provided such collateral
insufficiency is not the result of investment losses, the lending agent has
agreed to pay the amount of the shortfall to the Series or, at the option of the
lending agent, replace the loaned securities. Such cash collateral for November
30, 1999 was reinvested into overnight repurchase agreements with JP Morgan,
which was in turn collateralized by U.S. Government Treasury Securities. At
November 30, 1999, the market value of securities on loan to brokers was
$25,634,905, the related collateral cash received was $49,018,098 and the value
of collateral on overnight repurchase agreements was $50,052,623.
33
<PAGE>
REPORT OF INDEPENDENT ACCOUNTANTS
TO THE SHAREHOLDERS AND BOARD OF TRUSTEES OF
THE DFA INVESTMENT TRUST COMPANY:
In our opinion, the accompanying statement of assets and liabilities,
including the schedule of investments, and the related statements of operations
and of changes in net assets and the financial highlights present fairly, in all
material respects, the financial position of The U.S. 6-10 Value Series
(constituting a portfolio within The DFA Investment Trust Company, hereafter
referred to as the "Fund") at November 30, 1999, and the results of its
operations, the changes in its net assets and its financial highlights for each
of the periods presented, in conformity with generally accepted accounting
principles. These financial statements and financial highlights (hereafter
referred to as "financial statements") are the responsibility of the Fund's
management; our responsibility is to express an opinion on these financial
statements based on our audits. We conducted our audits of these financial
statements in accordance with generally accepted auditing standards which
require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements, assessing the accounting principles
used and significant estimates made by management, and evaluating the overall
financial statement presentation. We believe that our audits, which included
confirmation of securities at November 30, 1999 by correspondence with the
custodian and brokers, provide a reasonable basis for the opinion expressed
above.
PricewaterhouseCoopers LLP
2400 Eleven Penn Center
Philadelphia, Pennsylvania
January 14, 2000
34
