ACCESSOR FUNDS INC
NSAR-A, 1999-08-26
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<PAGE>      PAGE  1
000 A000000 06/30/1999
000 C000000 0000876603
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 ACCESSOR FUNDS, INC.
001 B000000 811-6337
001 C000000 8007593504
002 A000000 1420 FIFTH AVENUE SUITE 3600
002 B000000 SEATTLE
002 C000000 WA
002 D010000 98101
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  8
007 C010100  1
007 C020100 GROWTH FUND
007 C030100 N
007 C010200  2
007 C020200 VALUE FUND
007 C030200 N
007 C010300  3
007 C020300 SMALL TO MID CAP FUND
007 C030300 N
007 C010400  4
007 C020400 INTERNATIONAL EQUITY FUND
007 C030400 N
007 C010500  5
007 C020500 INTERMEDIATE FIXED-INCOME FUND
007 C030500 N
007 C010600  6
007 C020600 SHORT-INTERMEDIATE FIXED-INCOME FUND
007 C030600 N
007 C010700  7
007 C020700 MORTGAGE SECURITIES FUND
007 C030700 N
007 C010800  8
007 C020800 U.S. GOVERNMENT MONEY FUND
007 C030800 N
007 C010900  9
007 C011000 10
010 A00AA01 ACCESSOR CAPITAL MANAGEMENT LP
010 B00AA01 801-39393
010 C01AA01 SEATTLE
<PAGE>      PAGE  2
010 C02AA01 WA
010 C03AA01 98101
012 A00AA01 ACCESSOR CAPITAL MANAGEMENT LP
012 B00AA01 84-5420
012 C01AA01 SEATTLE
012 C02AA01 WA
012 C03AA01 98101
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 DAYTON
013 B02AA01 OH
013 B03AA01 45402
013 B04AA01 1788
014 A00AA01 ZIONS INVESTMENT SECURITIES, INC.
014 B00AA01 8-035721
015 A00AA01 FIFTH THIRD BANK
015 B00AA01 C
015 C01AA01 CINCINNATI
015 C02AA01 OH
015 C03AA01 45263
015 E01AA01 X
015 A00AA02 BANK OF NEW YORK
015 B00AA02 S
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015 C02AA02 NY
015 C03AA02 10286
015 E04AA02 X
015 A00AA03 BANK OF NEW YORK
015 B00AA03 S
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015 C02AA03 NY
015 C03AA03 10286
015 E01AA03 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    8
019 C00AA00 ACCESSORFD
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020 B000001 95-4339369
020 C000001    202
020 A000002 INSTINET
020 B000002 13-3443395
020 C000002    144
020 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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008 A000201 ACCESSOR CAPITAL MANAGEMENT LP
008 B000201 A
008 C000201 801-39393
008 D010201 SEATTLE
008 D020201 WA
008 D030201 98101
008 A000202 MARTINGALE ASSET MANAGEMENT
008 B000202 S
008 C000202 801-30067
008 D010202 BOSTON
008 D020202 MA
008 D030202 02116
024  000200 N
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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008 A000301 ACCESSOR CAPITAL MANAGEMENT LP
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008 A000302 SYMPHONY ASSET MANAGEMENT LLC
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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008 B000401 A
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008 D030401 98101
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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008 B000501 A
008 C000501 801-39393
008 D010501 SEATTLE
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008 D030501 98101
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008 B000502 S
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008 D020502 CA
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<PAGE>      PAGE  24
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051  000500 N
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
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008 A000601 ACCESSOR CAPITAL MANAGEMENT LP
008 B000601 A
008 C000601 801-39393
008 D010601 SEATTLE
008 D020601 WA
008 D030601 98101
008 A000602 CYPRESS ASSET MANAGEMENT
008 B000602 S
008 C000602 801-50511
008 D010602 CARMEL
008 D020602 CA
008 D030602 93923
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<PAGE>      PAGE  28
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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<PAGE>      PAGE  31
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008 A000701 ACCESSOR CAPITAL MANAGEMENT LP
008 B000701 A
008 C000701 801-39393
008 D010701 SEATTLE
<PAGE>      PAGE  32
008 D020701 WA
008 D030701 98101
008 A000702 BLACKROCK FINANCIAL MANAGEMENT, INC.
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<PAGE>      PAGE  33
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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008 A000801 ACCESSOR CAPITAL MANAGEMENT LP
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<PAGE>      PAGE  37
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048 D020800 0.000
048 E010800        0
048 E020800 0.000
048 F010800        0
048 F020800 0.000
048 G010800        0
048 G020800 0.000
048 H010800        0
048 H020800 0.000
048 I010800        0
048 I020800 0.000
048 J010800        0
048 J020800 0.000
048 K010800        0
048 K020800 0.000
049  000800 N
050  000800 N
051  000800 N
052  000800 N
053 A000800 N
062 A000800 Y
062 B000800   0.0
062 C000800  91.9
062 D000800   7.3
062 E000800   0.0
062 F000800   0.0
062 G000800   0.0
062 H000800   0.0
062 I000800   0.0
062 J000800   0.0
062 K000800   0.0
<PAGE>      PAGE  38
062 L000800   0.8
062 M000800   0.0
062 N000800   0.0
062 O000800   0.0
062 P000800   0.0
062 Q000800   0.0
062 R000800   0.0
063 A000800  69
063 B000800  0.0
064 A000800 N
064 B000800 N
066 A000800 N
067  000800 N
068 A000800 N
068 B000800 N
069  000800 N
070 A010800 Y
070 A020800 Y
070 B010800 N
070 B020800 N
070 C010800 N
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 N
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 Y
<PAGE>      PAGE  39
070 R020800 N
071 A000800         0
071 B000800         0
071 C000800         0
071 D000800    0
072 A000800  6
072 B000800     5606
072 C000800        0
072 D000800        0
072 E000800        0
072 F000800      287
072 G000800        0
072 H000800        0
072 I000800      163
072 J000800        5
072 K000800        0
072 L000800        3
072 M000800        2
072 N000800       38
072 O000800        0
072 P000800        0
072 Q000800       38
072 R000800       17
072 S000800        5
072 T000800        0
072 U000800        0
072 V000800        0
072 W000800        2
072 X000800      560
072 Y000800        0
072 Z000800     5046
072AA000800        0
072BB000800        0
072CC010800        0
072CC020800        0
072DD010800     4939
072DD020800      108
072EE000800        0
073 A010800   0.0200
073 A020800   0.0200
073 B000800   0.0000
073 C000800   0.0000
074 A000800        0
074 B000800    22332
074 C000800   279434
074 D000800        0
074 E000800        0
074 F000800        0
074 G000800        0
074 H000800        0
074 I000800        0
<PAGE>      PAGE  40
074 J000800        0
074 K000800        0
074 L000800     3621
074 M000800        0
074 N000800   305387
074 O000800        0
074 P000800       57
074 Q000800        0
074 R010800        0
074 R020800        0
074 R030800        0
074 R040800     1140
074 S000800        0
074 T000800   304190
074 U010800   297469
074 U020800     6724
074 V010800     1.00
074 V020800     1.00
074 W000800   0.9999
074 X000800      185
074 Y000800        0
075 A000800   234132
075 B000800        0
076  000800     0.00
SIGNATURE   STEVEN T MCCABE
TITLE       FILING AGENT


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> GROWTH FUND

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                        250628490
<INVESTMENTS-AT-VALUE>                       312823112
<RECEIVABLES>                                  5094004
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               317917116
<PAYABLE-FOR-SECURITIES>                       3957676
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      2023222
<TOTAL-LIABILITIES>                            5980898
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     237855808
<SHARES-COMMON-STOCK>                          9878988
<SHARES-COMMON-PRIOR>                          6229403
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       11885788
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      62194622
<NET-ASSETS>                                 311936218
<DIVIDEND-INCOME>                               855523
<INTEREST-INCOME>                                87346
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1205675
<NET-INVESTMENT-INCOME>                       (262806)
<REALIZED-GAINS-CURRENT>                      12209558
<APPREC-INCREASE-CURRENT>                      9732650
<NET-CHANGE-FROM-OPS>                         21679402
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       1417888
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        4918353
<NUMBER-OF-SHARES-REDEEMED>                    1301701
<SHARES-REINVESTED>                              32933
<NET-CHANGE-IN-ASSETS>                       132059853
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      1356924
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           886186
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1205675
<AVERAGE-NET-ASSETS>                         244718887
<PER-SHARE-NAV-BEGIN>                            28.88
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                           2.87
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         0.14
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              31.59
<EXPENSE-RATIO>                                   0.94
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> VALUE FUND

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                        150380080
<INVESTMENTS-AT-VALUE>                       171414213
<RECEIVABLES>                                  1828066
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               173242279
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      2611976
<TOTAL-LIABILITIES>                            2611976
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     138299387
<SHARES-COMMON-STOCK>                          7166390
<SHARES-COMMON-PRIOR>                          6069963
<ACCUMULATED-NII-CURRENT>                        12322
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       11097774
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      21220820
<NET-ASSETS>                                 170630303
<DIVIDEND-INCOME>                              1101317
<INTEREST-INCOME>                               104753
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  784136
<NET-INVESTMENT-INCOME>                         421934
<REALIZED-GAINS-CURRENT>                      12184522
<APPREC-INCREASE-CURRENT>                      6025215
<NET-CHANGE-FROM-OPS>                         18631671
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       409612
<DISTRIBUTIONS-OF-GAINS>                        117981
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        2005210
<NUMBER-OF-SHARES-REDEEMED>                     917918
<SHARES-REINVESTED>                               9135
<NET-CHANGE-IN-ASSETS>                        42915089
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      968767
<GROSS-ADVISORY-FEES>                           526837
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 784136
<AVERAGE-NET-ASSETS>                         142001992
<PER-SHARE-NAV-BEGIN>                            21.04
<PER-SHARE-NII>                                   0.06
<PER-SHARE-GAIN-APPREC>                           2.79
<PER-SHARE-DIVIDEND>                              0.06
<PER-SHARE-DISTRIBUTIONS>                         0.02
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              23.81
<EXPENSE-RATIO>                                   1.07
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> SMALL TO MID CAP FUND

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                        354754740
<INVESTMENTS-AT-VALUE>                       401775116
<RECEIVABLES>                                  9211111
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               410986227
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      9895541
<TOTAL-LIABILITIES>                            9895541
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     328073723
<SHARES-COMMON-STOCK>                         15844536
<SHARES-COMMON-PRIOR>                         11908787
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       25996587
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      47020376
<NET-ASSETS>                                 401090686
<DIVIDEND-INCOME>                              1032379
<INTEREST-INCOME>                               171675
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 2245231
<NET-INVESTMENT-INCOME>                      (1041177)
<REALIZED-GAINS-CURRENT>                      26626565
<APPREC-INCREASE-CURRENT>                      5691039
<NET-CHANGE-FROM-OPS>                         31276427
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       2967988
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        8599877
<NUMBER-OF-SHARES-REDEEMED>                    4724545
<SHARES-REINVESTED>                              60417
<NET-CHANGE-IN-ASSETS>                       120931495
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      3379187
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1630803
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                2245231
<AVERAGE-NET-ASSETS>                         327709571
<PER-SHARE-NAV-BEGIN>                            23.53
<PER-SHARE-NII>                                 (0.06)
<PER-SHARE-GAIN-APPREC>                           2.04
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         0.19
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              25.32
<EXPENSE-RATIO>                                   1.35
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 4
   <NAME> INTERNATIONAL EQUITY FUND

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                        187029062
<INVESTMENTS-AT-VALUE>                       214562915
<RECEIVABLES>                                 13139217
<ASSETS-OTHER>                                  195922
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               227898054
<PAYABLE-FOR-SECURITIES>                      23176099
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      3462159
<TOTAL-LIABILITIES>                           26807543
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     149090812
<SHARES-COMMON-STOCK>                         10820541
<SHARES-COMMON-PRIOR>                          9966670
<ACCUMULATED-NII-CURRENT>                       583652
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       23932554
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      27483493
<NET-ASSETS>                                 201090511
<DIVIDEND-INCOME>                              1767307
<INTEREST-INCOME>                               130312
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1313967
<NET-INVESTMENT-INCOME>                         583652
<REALIZED-GAINS-CURRENT>                      23898333
<APPREC-INCREASE-CURRENT>                    (6385473)
<NET-CHANGE-FROM-OPS>                         18062204
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       1367736
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        5297710
<NUMBER-OF-SHARES-REDEEMED>                    4483149
<SHARES-REINVESTED>                              39310
<NET-CHANGE-IN-ASSETS>                        32736593
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      1401957
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           993405
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1313967
<AVERAGE-NET-ASSETS>                         177033430
<PER-SHARE-NAV-BEGIN>                            16.90
<PER-SHARE-NII>                                   0.06
<PER-SHARE-GAIN-APPREC>                           1.76
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         0.13
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.59
<EXPENSE-RATIO>                                   1.44
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 5
   <NAME> INTERMEDIATE FIXED-INCOME FUND

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                         61039036
<INVESTMENTS-AT-VALUE>                        58601754
<RECEIVABLES>                                  1570589
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                60172343
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       642460
<TOTAL-LIABILITIES>                             642460
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      62221300
<SHARES-COMMON-STOCK>                          5104925
<SHARES-COMMON-PRIOR>                          4622902
<ACCUMULATED-NII-CURRENT>                      (21162)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (232973)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (2437282)
<NET-ASSETS>                                  59529883
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              1835570
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  282885
<NET-INVESTMENT-INCOME>                        1552685
<REALIZED-GAINS-CURRENT>                      (229912)
<APPREC-INCREASE-CURRENT>                    (3495939)
<NET-CHANGE-FROM-OPS>                        (2173166)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      1577032
<DISTRIBUTIONS-OF-GAINS>                        247731
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1546011
<NUMBER-OF-SHARES-REDEEMED>                    1113614
<SHARES-REINVESTED>                              49626
<NET-CHANGE-IN-ASSETS>                         1894606
<ACCUMULATED-NII-PRIOR>                           3185
<ACCUMULATED-GAINS-PRIOR>                       244670
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           115865
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 282885
<AVERAGE-NET-ASSETS>                          59682692
<PER-SHARE-NAV-BEGIN>                            12.47
<PER-SHARE-NII>                                   0.32
<PER-SHARE-GAIN-APPREC>                         (0.76)
<PER-SHARE-DIVIDEND>                              0.32
<PER-SHARE-DISTRIBUTIONS>                         0.05
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.66
<EXPENSE-RATIO>                                   0.87
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> SHORT-INTERMEDIATE FIXED-INCOME FUND

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                         55401604
<INVESTMENTS-AT-VALUE>                        54460820
<RECEIVABLES>                                  1399827
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                55860647
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       398150
<TOTAL-LIABILITIES>                             398150
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      56379030
<SHARES-COMMON-STOCK>                          4624078
<SHARES-COMMON-PRIOR>                          3951685
<ACCUMULATED-NII-CURRENT>                       (3945)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          28196
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (940784)
<NET-ASSETS>                                  55462497
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              1575065
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  231388
<NET-INVESTMENT-INCOME>                        1343677
<REALIZED-GAINS-CURRENT>                         28195
<APPREC-INCREASE-CURRENT>                    (1418211)
<NET-CHANGE-FROM-OPS>                          (46339)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      1366386
<DISTRIBUTIONS-OF-GAINS>                         45918
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         965225
<NUMBER-OF-SHARES-REDEEMED>                     313718
<SHARES-REINVESTED>                              20886
<NET-CHANGE-IN-ASSETS>                         6753634
<ACCUMULATED-NII-PRIOR>                          18764
<ACCUMULATED-GAINS-PRIOR>                        45919
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           102723
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 231388
<AVERAGE-NET-ASSETS>                          52632141
<PER-SHARE-NAV-BEGIN>                            12.33
<PER-SHARE-NII>                                   0.32
<PER-SHARE-GAIN-APPREC>                         (0.33)
<PER-SHARE-DIVIDEND>                              0.32
<PER-SHARE-DISTRIBUTIONS>                         0.01
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.99
<EXPENSE-RATIO>                                   0.82
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 7
   <NAME> MORTGAGE SECURITIES FUND

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                        173281373
<INVESTMENTS-AT-VALUE>                       170778064
<RECEIVABLES>                                 17422570
<ASSETS-OTHER>                                16847820
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               205052873
<PAYABLE-FOR-SECURITIES>                      21116277
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     13754811
<TOTAL-LIABILITIES>                           34871088
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     172578848
<SHARES-COMMON-STOCK>                         13917905
<SHARES-COMMON-PRIOR>                         11607851
<ACCUMULATED-NII-CURRENT>                        31139
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          81331
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (2509533)
<NET-ASSETS>                                 170181785
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              5135696
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  837376
<NET-INVESTMENT-INCOME>                        4298320
<REALIZED-GAINS-CURRENT>                        171987
<APPREC-INCREASE-CURRENT>                    (4492151)
<NET-CHANGE-FROM-OPS>                          (21844)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      4378384
<DISTRIBUTIONS-OF-GAINS>                        384095
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        3095571
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 8
   <NAME> U.S. GOVERNMENT MONEY FUND

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