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<PAGE> PAGE 7
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<PAGE> PAGE 10
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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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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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074 V020400 10.50
074 W000400 0.0000
074 X000400 288
074 Y000400 0
075 A000400 0
075 B000400 4434
076 000400 0.00
<PAGE> PAGE 21
SIGNATURE PAUL W. HENNING
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> SMALL CAP FUND-CLASS A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 7,894,440
<INVESTMENTS-AT-VALUE> 9,563,558
<RECEIVABLES> 63,844
<ASSETS-OTHER> 17,645
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,645,047
<PAYABLE-FOR-SECURITIES> 44,490
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 31,008
<TOTAL-LIABILITIES> 75,498
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,063,701
<SHARES-COMMON-STOCK> 655,549
<SHARES-COMMON-PRIOR> 635,339
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 406
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,505,442
<NET-ASSETS> 9,330,324
<DIVIDEND-INCOME> 19,389
<INTEREST-INCOME> 13,984
<OTHER-INCOME> 0
<EXPENSES-NET> 429,567
<NET-INVESTMENT-INCOME> (396,194)
<REALIZED-GAINS-CURRENT> 235,446
<APPREC-INCREASE-CURRENT> (1,816,090)
<NET-CHANGE-FROM-OPS> (1,976,838)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 235,509
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 114,853
<NUMBER-OF-SHARES-REDEEMED> 107,128
<SHARES-REINVESTED> 12,485
<NET-CHANGE-IN-ASSETS> (1,555,411)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 469
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 85,496
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 429,567
<AVERAGE-NET-ASSETS> 10,550,968
<PER-SHARE-NAV-BEGIN> 17.51
<PER-SHARE-NII> (.58)
<PER-SHARE-GAIN-APPREC> (2.34)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .36
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<PER-SHARE-NAV-END> 14.23
<EXPENSE-RATIO> 4.02
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> SMALL CAP FUND - CLASS C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 7,894,440
<INVESTMENTS-AT-VALUE> 9,563,558
<RECEIVABLES> 63,844
<ASSETS-OTHER> 17,645
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,645,047
<PAYABLE-FOR-SECURITIES> 44,490
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 31,008
<TOTAL-LIABILITIES> 75,498
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,063,701
<SHARES-COMMON-STOCK> 16,798
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 406
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,505,442
<NET-ASSETS> 239,225
<DIVIDEND-INCOME> 19,389
<INTEREST-INCOME> 13,984
<OTHER-INCOME> 0
<EXPENSES-NET> 429,567
<NET-INVESTMENT-INCOME> (396,194)
<REALIZED-GAINS-CURRENT> 235,446
<APPREC-INCREASE-CURRENT> (1,816,090)
<NET-CHANGE-FROM-OPS> (1,976,838)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 235,509
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19,103
<NUMBER-OF-SHARES-REDEEMED> 2,722
<SHARES-REINVESTED> 417
<NET-CHANGE-IN-ASSETS> (1,555,411)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 469
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 85,496
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 429,567
<AVERAGE-NET-ASSETS> 132,846
<PER-SHARE-NAV-BEGIN> 19.70
<PER-SHARE-NII> (.29)
<PER-SHARE-GAIN-APPREC> (4.81)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .36
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.24
<EXPENSE-RATIO> 3.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 21
<NAME> BALANCED FUND - CLASS A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 5,215,423
<INVESTMENTS-AT-VALUE> 6,705,311
<RECEIVABLES> 100,887
<ASSETS-OTHER> 8,290
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,814,488
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16,648
<TOTAL-LIABILITIES> 16,648
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,557,514
<SHARES-COMMON-STOCK> 506,045
<SHARES-COMMON-PRIOR> 463,703
<ACCUMULATED-NII-CURRENT> 5,633
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 4,104
<ACCUM-APPREC-OR-DEPREC> 1,238,797
<NET-ASSETS> 6,419,364
<DIVIDEND-INCOME> 42,815
<INTEREST-INCOME> 187,061
<OTHER-INCOME> 0
<EXPENSES-NET> 217,864
<NET-INVESTMENT-INCOME> 12,012
<REALIZED-GAINS-CURRENT> 153,998
<APPREC-INCREASE-CURRENT> 277,926
<NET-CHANGE-FROM-OPS> 443,936
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 158,366
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 65,239
<NUMBER-OF-SHARES-REDEEMED> 33,511
<SHARES-REINVESTED> 10,614
<NET-CHANGE-IN-ASSETS> 1,205,247
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 264
<OVERDISTRIB-NII-PRIOR> 6,207
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 49,824
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 242,776
<AVERAGE-NET-ASSETS> 6,098,536
<PER-SHARE-NAV-BEGIN> 12.06
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> .90
<PER-SHARE-DIVIDEND> .00
<PER-SHARE-DISTRIBUTIONS> .30
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.69
<EXPENSE-RATIO> 3.48
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 022
<NAME> BALANCED FUND - CLASS C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 5,215,423
<INVESTMENTS-AT-VALUE> 6,705,311
<RECEIVABLES> 100,887
<ASSETS-OTHER> 8,290
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,814,488
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16,648
<TOTAL-LIABILITIES> 16,648
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,557,514
<SHARES-COMMON-STOCK> 30,010
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 5,633
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 4,104
<ACCUM-APPREC-OR-DEPREC> 1,238,797
<NET-ASSETS> 378,476
<DIVIDEND-INCOME> 42,815
<INTEREST-INCOME> 187,061
<OTHER-INCOME> 0
<EXPENSES-NET> 217,864
<NET-INVESTMENT-INCOME> 12,012
<REALIZED-GAINS-CURRENT> 153,998
<APPREC-INCREASE-CURRENT> 277,926
<NET-CHANGE-FROM-OPS> 443,936
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 172
<DISTRIBUTIONS-OF-GAINS> 158,366
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 29,657
<NUMBER-OF-SHARES-REDEEMED> 303
<SHARES-REINVESTED> 656
<NET-CHANGE-IN-ASSETS> 1,205,247
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 264
<OVERDISTRIB-NII-PRIOR> 6,207
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 49,824
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 242,776
<AVERAGE-NET-ASSETS> 178,011
<PER-SHARE-NAV-BEGIN> 13.09
<PER-SHARE-NII> (.04)
<PER-SHARE-GAIN-APPREC> (.13)
<PER-SHARE-DIVIDEND> .01
<PER-SHARE-DISTRIBUTIONS> .30
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.61
<EXPENSE-RATIO> 3.12
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 31
<NAME> INCOME FUND - CLASS A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 2,986,335
<INVESTMENTS-AT-VALUE> 3,307,543
<RECEIVABLES> 84,304
<ASSETS-OTHER> 1,632
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<TOTAL-ASSETS> 3,393,479
<PAYABLE-FOR-SECURITIES> 38,941
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,604
<TOTAL-LIABILITIES> 45,545
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,074,575
<SHARES-COMMON-STOCK> 246,282
<SHARES-COMMON-PRIOR> 189,873
<ACCUMULATED-NII-CURRENT> 2,676
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 40
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 270,643
<NET-ASSETS> 2,646,044
<DIVIDEND-INCOME> 12,297
<INTEREST-INCOME> 125,980
<OTHER-INCOME> 0
<EXPENSES-NET> 46,817
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<REALIZED-GAINS-CURRENT> 30,423
<APPREC-INCREASE-CURRENT> 160,159
<NET-CHANGE-FROM-OPS> 282,042
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 74,762
<DISTRIBUTIONS-OF-GAINS> 30,376
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 70,114
<NUMBER-OF-SHARES-REDEEMED> 19,249
<SHARES-REINVESTED> 5,544
<NET-CHANGE-IN-ASSETS> 1,453,650
<ACCUMULATED-NII-PRIOR> 463
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 7
<GROSS-ADVISORY-FEES> 20,070
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 118,197
<AVERAGE-NET-ASSETS> 2,282,760
<PER-SHARE-NAV-BEGIN> 9.98
<PER-SHARE-NII> .37
<PER-SHARE-GAIN-APPREC> .82
<PER-SHARE-DIVIDEND> .33
<PER-SHARE-DISTRIBUTIONS> .10
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.74
<EXPENSE-RATIO> 1.83
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 32
<NAME> INCOME FUND - CLASS C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 2,986,335
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<SENIOR-LONG-TERM-DEBT> 0
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,074,575
<SHARES-COMMON-STOCK> 66,115
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<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 40
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 270,643
<NET-ASSETS> 701,890
<DIVIDEND-INCOME> 12,297
<INTEREST-INCOME> 125,980
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<EXPENSES-NET> 46,817
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<NUMBER-OF-SHARES-REDEEMED> 1,400
<SHARES-REINVESTED> 1,978
<NET-CHANGE-IN-ASSETS> 1,453,650
<ACCUMULATED-NII-PRIOR> 463
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 118,197
<AVERAGE-NET-ASSETS> 350,416
<PER-SHARE-NAV-BEGIN> 10.39
<PER-SHARE-NII> .22
<PER-SHARE-GAIN-APPREC> .43
<PER-SHARE-DIVIDEND> .32
<PER-SHARE-DISTRIBUTIONS> .10
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<PER-SHARE-NAV-END> 10.62
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 41
<NAME> GOVTSEC - CLASS A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 5,191,622
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12,323
<TOTAL-LIABILITIES> 12,323
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,677,799
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<ACCUMULATED-NII-CURRENT> 1,075
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 33
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 572,068
<NET-ASSETS> 5,456,251
<DIVIDEND-INCOME> 36,244
<INTEREST-INCOME> 205,222
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<EXPENSES-NET> 80,656
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<NUMBER-OF-SHARES-SOLD> 218,063
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<SHARES-REINVESTED> 38,067
<NET-CHANGE-IN-ASSETS> 2,312,030
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<AVERAGE-NET-ASSETS> 4,585,682
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<PER-SHARE-NII> .34
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 42
<NAME> GOVT SEC -CLASS C
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
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<NUMBER-OF-SHARES-SOLD> 80,090
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<PER-SHARE-NAV-BEGIN> 10.24
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</TABLE>
