<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 13
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008 C000402 801-08162
008 D010402 PASADENA
008 D020402 CA
008 D030402 91105
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015 A000401 INVESTORS BANK & TRUST COMPANY
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
070 R020400 N
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<PAGE> PAGE 23
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008 A000501 AMERICAN ODYSSEY FUNDS MANAGEMENT, INC.
008 B000501 A
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008 D010501 EAST BRUNSWICK
008 D020501 NJ
008 D030501 08816
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008 A000502 TRAVELERS ASSET MANAGEMENT INTERNATIONAL CORP
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008 D040502 2030
015 A000501 INVESTORS BANK & TRUST COMPANY
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015 C030501 02117
015 C040501 9130
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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070 E020500 N
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070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
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<PAGE> PAGE 26
070 N010500 Y
070 N020500 N
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070 P020500 N
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<PAGE> PAGE 27
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008 A000601 AMERICAN ODYSSEY FUNDS MANAGEMENT, INC.
008 B000601 A
008 C000601 801-43443
008 D010601 EAST BRUNSWICK
008 D020601 NJ
008 D030601 08816
008 D040601 1063
008 A000602 CREDIT SUISSE ASSET MANAGEMENT
008 B000602 S
008 C000602 801-37170
008 D010602 NEW YORK
008 D020602 NY
008 D030602 10017
015 A000601 INVESTORS BANK & TRUST COMPANY
015 B000601 C
015 C010601 BOSTON
015 C020601 MA
015 C030601 02117
<PAGE> PAGE 28
015 C040601 9130
015 E010601 X
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<PAGE> PAGE 29
048 I010600 0
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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SIGNATURE PAUL S. FEINBERG
TITLE V.P. & SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from American Odyssey Funds, Inc.
form N-SAR for the period ended December 31, 1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> American Odyssey International Equity Fund
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> Dec-31-1999
<INVESTMENTS-AT-COST> 242,368,404
<INVESTMENTS-AT-VALUE> 382,674,318
<RECEIVABLES> 544,284
<ASSETS-OTHER> 6,294,530
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<TOTAL-ASSETS> 389,513,132
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,020,810
<TOTAL-LIABILITIES> 1,020,810
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 231,701,610
<SHARES-COMMON-STOCK> 17,396,094
<SHARES-COMMON-PRIOR> 17,809,092
<ACCUMULATED-NII-CURRENT> 3,371,638
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 14,098,563
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 139,320,511
<NET-ASSETS> 388,492,322
<DIVIDEND-INCOME> 5,044,573
<INTEREST-INCOME> 206,432
<OTHER-INCOME> 0
<EXPENSES-NET> 2,312,122
<NET-INVESTMENT-INCOME> 2,938,883
<REALIZED-GAINS-CURRENT> 19,987,247
<APPREC-INCREASE-CURRENT> 73,581,147
<NET-CHANGE-FROM-OPS> 96,507,277
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,008,249
<NUMBER-OF-SHARES-REDEEMED> 2,421,247
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 17,396,094
<ACCUMULATED-NII-PRIOR> 797,921
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<OVERDIST-NET-GAINS-PRIOR> 6,253,851
<GROSS-ADVISORY-FEES> 1,907,212
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<GROSS-EXPENSE> 2,344,065
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<PER-SHARE-NAV-BEGIN> 16.85
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from American Odyssey Funds, Inc.
form N-SAR for the period ended December 31, 1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> American Odyssey Emerging Opportunities Fu
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> Dec-31-1999
<INVESTMENTS-AT-COST> 297,137,847
<INVESTMENTS-AT-VALUE> 369,840,596
<RECEIVABLES> 4,586,774
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 382,497,346
<PAYABLE-FOR-SECURITIES> 8,173,484
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 685,534
<TOTAL-LIABILITIES> 8,859,018
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 286,449,376
<SHARES-COMMON-STOCK> 227,587,014
<SHARES-COMMON-PRIOR> 20,493,456
<ACCUMULATED-NII-CURRENT> 55,097
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 14,431,106
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 72,702,749
<NET-ASSETS> 373,638,328
<DIVIDEND-INCOME> 1,175,460
<INTEREST-INCOME> 350,830
<OTHER-INCOME> 0
<EXPENSES-NET> 2,466,322
<NET-INVESTMENT-INCOME> (940,032)
<REALIZED-GAINS-CURRENT> 17,511,829
<APPREC-INCREASE-CURRENT> 84,620,566
<NET-CHANGE-FROM-OPS> 101,192,363
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 25,671,500
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,777,931
<NUMBER-OF-SHARES-REDEEMED> 2,415,685
<SHARES-REINVESTED> 1,903,002
<NET-CHANGE-IN-ASSETS> 105,308,523
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 23,585,907
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,230,930
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,566,815
<AVERAGE-NET-ASSETS> 296,290,274
<PER-SHARE-NAV-BEGIN> 13.09
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 4.58
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 1.21
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.42
<EXPENSE-RATIO> 0.83
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from American Odyssey Funds, Inc.
form N-SAR for the period ended December 31, 1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> American Odyssey Core Equity Fund
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> Dec-31-1999
<INVESTMENTS-AT-COST> 378,516,923
<INVESTMENTS-AT-VALUE> 455,017,013
<RECEIVABLES> 1,085,991
<ASSETS-OTHER> 16,169,880
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 472,272,884
<PAYABLE-FOR-SECURITIES> 1,164,664
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 690,855
<TOTAL-LIABILITIES> 1,855,519
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 367,008,139
<SHARES-COMMON-STOCK> 26,709,805
<SHARES-COMMON-PRIOR> 22,953,325
<ACCUMULATED-NII-CURRENT> 5,738,472
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 21,170,664
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 76,500,090
<NET-ASSETS> 470,417,365
<DIVIDEND-INCOME> 8,440,784
<INTEREST-INCOME> 273,015
<OTHER-INCOME> 0
<EXPENSES-NET> 2,974,050
<NET-INVESTMENT-INCOME> 5,739,749
<REALIZED-GAINS-CURRENT> 21,659,887
<APPREC-INCREASE-CURRENT> (27,761,775)
<NET-CHANGE-FROM-OPS> (362,139)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,078,603
<DISTRIBUTIONS-OF-GAINS> 65,203,555
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,346,314
<NUMBER-OF-SHARES-REDEEMED> 2,355,400
<SHARES-REINVESTED> 3,765,566
<NET-CHANGE-IN-ASSETS> (2,535,897)
<ACCUMULATED-NII-PRIOR> 6,077,406
<ACCUMULATED-GAINS-PRIOR> 64,714,251
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,695,731
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,091,237
<AVERAGE-NET-ASSETS> 481,042,123
<PER-SHARE-NAV-BEGIN> 20.61
<PER-SHARE-NII> 0.22
<PER-SHARE-GAIN-APPREC> (0.06)
<PER-SHARE-DIVIDEND> 0.27
<PER-SHARE-DISTRIBUTIONS> 2.89
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.61
<EXPENSE-RATIO> 0.62
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from American Odyssey Funds, Inc.
form N-SAR for the period ended December 31, 1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> American Odyssey Long-Term Bond Fund
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> Dec-31-1999
<INVESTMENTS-AT-COST> 250,106,091
<INVESTMENTS-AT-VALUE> 239,132,697
<RECEIVABLES> 2,749,207
<ASSETS-OTHER> 17,710,386
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 259,592,290
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,224,702
<TOTAL-LIABILITIES> 5,224,702
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 256,701,154
<SHARES-COMMON-STOCK> 24,991,095
<SHARES-COMMON-PRIOR> 22,145,289
<ACCUMULATED-NII-CURRENT> 16,204,242
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 7,349,889
<ACCUM-APPREC-OR-DEPREC> (11,187,937)
<NET-ASSETS> 254,367,570
<DIVIDEND-INCOME> 35,000
<INTEREST-INCOME> 17,419,117
<OTHER-INCOME> 0
<EXPENSES-NET> 1,488,286
<NET-INVESTMENT-INCOME> 15,965,831
<REALIZED-GAINS-CURRENT> (7,494,141)
<APPREC-INCREASE-CURRENT> (15,331,895)
<NET-CHANGE-FROM-OPS> (6,860,205)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 14,567,381
<DISTRIBUTIONS-OF-GAINS> 6,872,189
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,132,985
<NUMBER-OF-SHARES-REDEEMED> 2,420,469
<SHARES-REINVESTED> 2,133,290
<NET-CHANGE-IN-ASSETS> (11,520,037)
<ACCUMULATED-NII-PRIOR> 14,565,934
<ACCUMULATED-GAINS-PRIOR> 7,256,299
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,244,205
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,488,286
<AVERAGE-NET-ASSETS> 248,913,084
<PER-SHARE-NAV-BEGIN> 11.49
<PER-SHARE-NII> 0.65
<PER-SHARE-GAIN-APPREC> (0.98)
<PER-SHARE-DIVIDEND> 0.67
<PER-SHARE-DISTRIBUTIONS> 0.31
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.18
<EXPENSE-RATIO> 0.60
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from American Odyssey Funds, Inc.
form N-SAR for the period ended December 31, 1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> American Odyssey Intermediate-Term Bond Fu
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> Dec-31-1999
<INVESTMENTS-AT-COST> 131,342,510
<INVESTMENTS-AT-VALUE> 128,916,305
<RECEIVABLES> 2,358,718
<ASSETS-OTHER> 1,583
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 131,276,606
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 153,329
<TOTAL-LIABILITIES> 153,329
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 129,218,877
<SHARES-COMMON-STOCK> 12,658,199
<SHARES-COMMON-PRIOR> 11,356,645
<ACCUMULATED-NII-CURRENT> 7,390,343
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 3,059,738
<ACCUM-APPREC-OR-DEPREC> (2,426,205)
<NET-ASSETS> 131,123,277
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 8,138,446
<OTHER-INCOME> 0
<EXPENSES-NET> 747,375
<NET-INVESTMENT-INCOME> 7,391,071
<REALIZED-GAINS-CURRENT> (3,059,738)
<APPREC-INCREASE-CURRENT> (2,404,548)
<NET-CHANGE-FROM-OPS> 1,926,785
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,579,835
<DISTRIBUTIONS-OF-GAINS> 3,746,306
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,678,567
<NUMBER-OF-SHARES-REDEEMED> 1,389,380
<SHARES-REINVESTED> 1,012,367
<NET-CHANGE-IN-ASSETS> 4,764,754
<ACCUMULATED-NII-PRIOR> 6,579,802
<ACCUMULATED-GAINS-PRIOR> 3,745,610
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 620,940
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 747,375
<AVERAGE-NET-ASSETS> 126,875,693
<PER-SHARE-NAV-BEGIN> 11.13
<PER-SHARE-NII> 0.59
<PER-SHARE-GAIN-APPREC> (0.44)
<PER-SHARE-DIVIDEND> 0.59
<PER-SHARE-DISTRIBUTIONS> 0.33
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.36
<EXPENSE-RATIO> 0.59
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from American Odyssey Funds, Inc.
form N-SAR for the period ended December 31, 1999
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 6
<NAME> American Odyssey Global High-Yield Bond Fu
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> Dec-31-1999
<INVESTMENTS-AT-COST> 96,722,187
<INVESTMENTS-AT-VALUE> 92,774,210
<RECEIVABLES> 2,173,777
<ASSETS-OTHER> 1,869,566
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 96,817,553
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 195,889
<TOTAL-LIABILITIES> 195,889
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 96,805,934
<SHARES-COMMON-STOCK> 9,382,126
<SHARES-COMMON-PRIOR> 8,265,528
<ACCUMULATED-NII-CURRENT> 9,124,401
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 5,360,694
<ACCUM-APPREC-OR-DEPREC> (3,947,977)
<NET-ASSETS> 96,621,664
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 9,803,352
<OTHER-INCOME> 0
<EXPENSES-NET> 733,709
<NET-INVESTMENT-INCOME> 9,069,643
<REALIZED-GAINS-CURRENT> (161,844)
<APPREC-INCREASE-CURRENT> 137,045
<NET-CHANGE-FROM-OPS> 9,044,844
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,442,107
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,172,084
<NUMBER-OF-SHARES-REDEEMED> 610,237
<SHARES-REINVESTED> 554,751
<NET-CHANGE-IN-ASSETS> 14,613,592
<ACCUMULATED-NII-PRIOR> 5,442,468
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 5,117,260
<GROSS-ADVISORY-FEES> 597,092
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 733,709
<AVERAGE-NET-ASSETS> 88,458,113
<PER-SHARE-NAV-BEGIN> 9.92
<PER-SHARE-NII> 0.96
<PER-SHARE-GAIN-APPREC> 0.07
<PER-SHARE-DIVIDEND> 0.65
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.30
<EXPENSE-RATIO> 0.83
</TABLE>
Page 1
REPORT OF INDEPENDENT ACCOUNTANTS
TO ACCOMPANY FORM N-SAR
To the Shareholders and
Board of Directors of
American Odyssey Funds, Inc.
In planning and performing our audit of the financial statements of American
Odyssey Funds, Inc. for the year ended December 31, 1999, we considered its
internal control, including control activities for safeguarding securities, in
order to determine our auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the requirements of Form
N-SAR, not to provide assurance on internal control.
The management of American Odyssey Funds, Inc. is responsible for establishing
and maintaining internal control. In fulfilling this responsibility, estimates
and judgments by management are required to assess the expected benefits and
related costs of controls. Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial statements for external
purposes that are fairly presented in conformity with generally accepted
accounting principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or irregularities
may occur and not be detected. Also, projection of any evaluation of internal
control to future periods is subject to the risks that it may become inadequate
because of changes in conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of internal control would not necessarily disclose all matters
in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or more
of the internal control components does not reduce to a relatively low level the
risk that errors or irregularities in amounts that would be material in relation
to the financial statements being audited may occur and not be detected within a
timely period by employees in the normal course of performing their assigned
functions. However, we noted no matters involving internal control and its
operation, including controls for safeguarding securities, that we consider to
be material weaknesses as defined above.
This report is intended solely for the information and use of management, the
Board of Directors of American Odyssey Funds, Inc., and the Securities and
Exchange Commission and is not intended to be and should not be used by anyone
other than these specified parties.
Boston, Massachusetts
February 4, 2000
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 1: Emerging Opportunities Fund, purchase of Triquint Semiconductor
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Montgomery. Montgomery was not an affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
S.G. Cowen was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Emerging Opportunities Fund, managed by Chartwell Investment Partners, purchased
2,500 Shares of Triquint Semiconductor, a company in continuous operation for 3+
years, in an ,initial public offering at the offering price of $43.625 per share
on July 13, 1999. The underwriting selling concession was 3.09%. The percentage
of the offering purchased by the Emerging Opportunities Fund was 0.0658% of the
total offering. The security purchased was part of an issue registered with the
Securities and Exchange Commission and was part of a firm commitment
underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made. .
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled third quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 2: Emerging Opportunities Fund, purchase of Ravisent Technologies
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Volpe. Volpe was not an affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
S.G. Cowen was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Emerging Opportunities Fund, managed by Chartwell Investment Partners, purchased
200 Shares of Ravisent Technologies, a company in continuous operation for 3+
years, in an initial public offering at the offering price of $12.00 per share
on July 15, 1999. The underwriting selling concession was 4.25%. The percentage
of the offering purchased by the Emerging Opportunities Fund was 0.004% of the
total offering. The security purchased was part of an issue registered with the
Securities and Exchange Commission and was part of a firm commitment
underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made. .
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled third quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 3: Emerging Opportunities Fund, purchase of Ravisent Technologies
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Bear Stearns. Bear Stearns was not an affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
S.G. Cowen was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Emerging Opportunities Fund, managed by Chartwell Investment Partners, purchased
14,700 Shares of Ravisent Technologies, a company in continuous operation for 3+
years, in an initial public offering at the offering price of $12.00 per share
on July 15, 1999. The underwriting selling concession was 4.25%. The percentage
of the offering purchased by the Emerging Opportunities Fund was 0.294% of the
total offering. The security purchased was part of an issue registered with the
Securities and Exchange Commission and was part of a firm commitment
underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made. .
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled third quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 4: Emerging Opportunities Fund, purchase of Paradyne Network,Inc.
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Robert Stephens. Robert Stephens was not an affiliated underwriter
of the Fund.
2. Identify the underwriting syndicate's members.
Salomon Smith Barney and Robinson-Humphrey were the affiliated underwriters
of the Fund and the syndicate included various other underwriters.
3. Terms of the transaction.
Emerging Opportunities Fund, managed by Chartwell Investment Partners, purchased
4,500 Shares of Paradyne Network, Inc., a company in continuous operation for 3+
years, in an initial public offering at the offering price of $17.00 per share
on July 16, 1999. The underwriting selling concession was 4.18%. The percentage
of the offering purchased by the Emerging Opportunities Fund was 0.1125% of the
total offering. The security purchased was part of an issue registered with the
Securities and Exchange Commission and was part of a firm commitment
underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made. .
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled third quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 5: Emerging Opportunities Fund, purchase of SFX Entertainment
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Lehman Bros. Lehman Bros. was not an affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
S.G. Cowen was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Emerging Opportunities Fund, managed by Chartwell Investment Partners, purchased
11,000 Shares of SFX Entertainment, a company in continuous operation for 3+
years, in an initial public offering at the offering price of $41.00 per share
on August 17, 1999. The underwriting selling concession was 2.24%. The
percentage of the offering purchased by the Emerging Opportunities Fund was
0.1467% of the total offering. The security purchased was part of an issue
registered with the Securities and Exchange Commission and was part of a firm
commitment underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made. .
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled third quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 6: Emerging Opportunities Fund, purchase of LaBranche & Co.
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
DLJ. DLJ was not an affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
Salomon Smith Barney was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Emerging Opportunities Fund, managed by Chartwell Investment Partners, purchased
5,000 Shares of LaBranche & Co., a company in continuous operation for 3+ years,
in an initial public offering at the offering price of $14.00 per share on
August 19, 1999. The underwriting selling concession was 4.21%. The percentage
of the offering purchased by the Emerging Opportunities Fund was 0.0476% of the
total offering. The security purchased was part of an issue registered with the
Securities and Exchange Commission and was part of a firm commitment
underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made. .
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled third quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 7: Emerging Opportunities Fund, purchase of LaBranche & Co.
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
ABN Amro. ABN Amro was not an affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
Salomon Smith Barney was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Emerging Opportunities Fund, managed by Chartwell Investment Partners, purchased
2,000 Shares of LaBranche & Co., a company in continuous operation for 3+ years,
in an initial public offering at the offering price of $14.00 per share on
August 19, 1999. The underwriting selling concession was 4.21%. The percentage
of the offering purchased by the Emerging Opportunities Fund was 0.0190% of the
total offering. The security purchased was part of an issue registered with the
Securities and Exchange Commission and was part of a firm commitment
underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made. .
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled third quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 8: Long Term Bond Fund, purchase of Allied Waste - 144A,
10.00%, due 8/01/09
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Donaldson, Lufkin & Jenrette. Donaldson, Lufkin & Jenrette was not an
affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
Salomon Smith Barney was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Long Term Bond Fund, managed by Western Asset Management, purchased $239,000
principal face of Allied Waste, a company in continuous operation for 3+ years,
in an initial public offering at the offering price of $99.690 per unit on July
30, 1999. The underwriting spread paid was 3.00%. The percentage of the offering
purchased by the Long Term Bond Fund was 0.0120% of the total offering. The
security purchased was part of an issue registered with the Securities and
Exchange Commission and was part of a firm commitment underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made.
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled third quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 9: Long Term Bond Fund, purchase of Crown Castle
International Corp. - 144A, 9.50%, due 8/11/11
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Goldman Sachs. Goldman Sachs was not an affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
Salomon Smith Barney was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Long Term Bond Fund, managed by Western Asset Management, purchased $148,000
principal face of Crown Castle International Corp., a company in continuous
operation for 3+ years, in an initial public offering at the offering price of
$100.00 per unit on August 3, 1999. The underwriting spread paid was 2.50%. The
percentage of the offering purchased by the Long Term Bond Fund was 0.1184% of
the total offering. The security purchased was part of an issue registered with
the Securities and Exchange Commission and was part of a firm commitment
underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made.
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled third quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 10: Long Term Bond Fund, purchase of Worldwide Fiber - 144A,
12.00%, due 8/01/09
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Donaldson, Lufkin & Jenrette. Donaldson, Lufkin & Jenrette was not an
affiliated underwriter
of the Fund.
2. Identify the underwriting syndicate's members.
Salomon Smith Barney was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Long Term Bond Fund, managed by Western Asset Management, purchased $100,000
principal face of Worldwide Fiber, a company in continuous operation for 3+
years, in an initial public offering at the offering price of $100.00 per unit
on July 28, 1999. The underwriting spread paid was 3.00%. The percentage of the
offering purchased by the Long Term Bond Fund was 0.0200% of the total offering.
The security purchased was part of an issue registered with the Securities and
Exchange Commission and was part of a firm commitment underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made.
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled third quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 11: Intermediate-Term Bond Fund, purchase of Safeway,
7.50%, due 9/15/09
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Morgan Stanley. Morgan Stanley was not an affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
Salomon Smith Barney was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Intermediate-Term Bond Fund, managed by Travelers Asset Management
International, purchased $4,800,000 principal face of Safeway, a company in
continuous operation for 3+ years, in an initial public offering at the offering
price of $99.418 per unit on September 8, 1999. The underwriting spread paid was
0.65%. The percentage of the offering purchased by the Intermediate-Term Bond
Fund was 0.960% of the total offering. The security purchased was part of an
issue registered with the Securities and Exchange Commission and was part of a
firm commitment underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made.
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled third quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 12: Global High Yield Bond Fund, purchase of Airgate PCS.,
13.50%, due 10/01/09
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Donaldson, Lufkin & Jenrette. Donaldson, Lufkin & Jenrette was not an
affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
Credit Suisse First Boston was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Global High Yield Bond Fund, managed by Credit Suisse Asset Management,
purchased $150,000 principal face of Airgate PCS, a company in continuous
operation for 3+ years, in an initial public offering at the offering price of
$52.019 per unit on September 27, 1999. The underwriting spread paid was 3.50%.
The percentage of the offering purchased by the Global High Yield Bond Fund was
.0500% of the total offering. The security purchased was part of an issue
registered with the Securities and Exchange Commission and was part of a firm
commitment underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made.
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled third quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 13: Global High Yield Bond Fund, purchase of Holley Performance
Products - 144A, 12.25%, due 9/15/07
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Goldman Sachs. Goldman Sachs was not an affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
Salomon Smith Barney was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Global High Yield Bond Fund, managed by Credit Suisse Asset Management,
purchased $250,000 principal face of Holley Performance Products, a company in
continuous operation for 3+ years, in an initial public offering at the offering
price of $96.346 per unit on September 15, 1999. The underwriting spread paid
was 3.65%. The percentage of the offering purchased by the Global High Yield
Bond Fund was .1667% of the total offering. The security purchased was part of
an issue registered with the Securities and Exchange Commission and was part of
a firm commitment underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made.
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled third quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 14: Global High Yield Bond Fund, purchase of United Pan-Europe
Communications, 12.50%, due 8/01/09
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Donaldson, Lufkin & Jenrette. Donaldson, Lufkin & Jenrette was not an
affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
Credit Suisse First Boston and Salomon Smith Barney were the affiliated
underwriters of the Fund and the syndicate included various other
underwriters.
3. Terms of the transaction.
Global High Yield Bond Fund, managed by Credit Suisse Asset Management,
purchased $450,000 principal face of United Pan-Europe Communications, a company
in continuous operation for 3+ years, in an initial public offering at the
offering price of $54.524 per unit on July 27, 1999. The underwriting spread
paid was 3.68%. The percentage of the offering purchased by the Global High
Yield Bond Fund was .06122% of the total offering. The security purchased was
part of an issue registered with the Securities and Exchange Commission and was
part of a firm commitment underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made.
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled third quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 15: Emerging Opportunities Fund, purchase of Jacada Ltd.
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Lehman Bros. Lehman Bros. was not an affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
S.G. Cowen was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Emerging Opportunities Fund, managed by Chartwell Investment Partners, purchased
10,640 Shares of Jacada Ltd., a company in continuous operation for 3+ years, in
an initial public offering at the offering price of $11.00 per share on October
14, 1999. The underwriting selling concession was 4.00%. The percentage of the
offering purchased by the Emerging Opportunities Fund was 0.2364% of the total
offering. The security purchased was part of an issue registered with the
Securities and Exchange Commission and was part of a firm commitment
underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made. .
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled fourth quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 16: Emerging Opportunities Fund, purchase of Charter
Communications, Inc.
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Allen & Co. Allen & Co. was not an affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
S.G. Cowen and Salomon Smith Barney were the affiliated underwriters of the
Fund and the syndicate included various other underwriters.
3. Terms of the transaction.
Emerging Opportunities Fund, managed by Chartwell Investment Partners, purchased
3,000 Shares of Charter Communications, Inc., a company in continuous operation
for 3+ years, in an initial public offering at the offering price of $16.00 per
share on November 8, 1999. The underwriting selling concession was 2.75%. The
percentage of the offering purchased by the Emerging Opportunities Fund was
0.0018% of the total offering. The security purchased was part of an issue
registered with the Securities and Exchange Commission and was part of a firm
commitment underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made. .
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled fourth quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 17: Emerging Opportunities Fund, purchase of Netzee Inc.
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Suntrust Equitable. Suntrust Equitable was not an affiliated
underwriter of the Fund.
2. Identify the underwriting syndicate's members.
Robinson-Humphrey was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Emerging Opportunities Fund, managed by Chartwell Investment Partners, purchased
1,000 Shares of Netzee Inc., a company in continuous operation for 3+ years, in
an initial public offering at the offering price of $14.00 per share on November
9, 1999. The underwriting selling concession was 3.93%. The percentage of the
offering purchased by the Emerging Opportunities Fund was 0.0227% of the total
offering. The security purchased was part of an issue registered with the
Securities and Exchange Commission and was part of a firm commitment
underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made. .
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled fourth quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 18: Emerging Opportunities Fund,purchase of Rainmaker Systems,Inc.
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Donaldson, Lufkin & Jenrette. Donaldson, Lufkin & Jenrette was not an
affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
S.G. Cowen was the affiliated underwriter of the Fund and the syndicate
included various other underwriters.
3. Terms of the transaction.
Emerging Opportunities Fund, managed by Chartwell Investment Partners, purchased
8,350 Shares of Rainmaker Systems, Inc., a company in continuous operation for
3+ years, in an initial public offering at the offering price of $8.00 per share
on November 17, 1999. The underwriting selling concession was 4.25%. The
percentage of the offering purchased by the Emerging Opportunities Fund was
0.1670% of the total offering. The security purchased was part of an issue
registered with the Securities and Exchange Commission and was part of a firm
commitment underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made. .
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled fourth quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 19: Emerging Opportunities Fund, purchase of NDS Group Plc - ADR
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Morgan Stanley.Morgan Stanley was not an affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
S.G. Cowen was the affiliated underwriter of the Fund and the syndicate
included various other underwriters.
3. Terms of the transaction.
Emerging Opportunities Fund, managed by Chartwell Investment Partners, purchased
4,180 Shares of NDS Group Plc - ADR, a company in continuous operation for 3+
years, in an initial public offering at the offering price of $20.00 per share
on November 22, 1999. The underwriting selling concession was 3.60%. The
percentage of the offering purchased by the Emerging Opportunities Fund was
0.0464% of the total offering. The security purchased was part of an issue
registered with the Securities and Exchange Commission and was part of a firm
commitment underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made. .
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled fourth quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 20: Emerging Opportunities Fund, purchase of Tritel Inc.
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Goldman Sachs. Goldman Sachs was not an affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
Robinson-Humphrey was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Emerging Opportunities Fund, managed by Chartwell Investment Partners, purchased
8,400 Shares of Tritel Inc., a company in continuous operation for 3+ years, in
an initial public offering at the offering price of $18.00 per share on December
13, 1999. The underwriting selling concession was 4.17%. The percentage of the
offering purchased by the Emerging Opportunities Fund was 0.0896% of the total
offering. The security purchased was part of an issue registered with the
Securities and Exchange Commission and was part of a firm commitment
underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made. .
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled fourth quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 21: Long-Term Bond Fund, purchase of Voicestream Wireless Holdings
- - 144A, 10.375%, due 11/15/09.
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Donaldson, Lufkin & Jenrette. Donaldson, Lufkin & Jenrette was not an
affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
Salomon Smith Barney was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Long-Term Bond Fund, managed by Western Asset Management, purchased $130,000
principal face of Voicestream Wireless Holdings, a company in continuous
operation for 3+ years, in an initial public offering at the offering price of
$100.00 per unit on November 4, 1999. The underwriting spread paid was 1.50%.
The percentage of the offering purchased by the Long-Term Bond Fund was 0.0118%
of the total offering. The security purchased was part of an issue registered
with the Securities and Exchange Commission and was part of a firm commitment
underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made.
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled fourth quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 22: Long-Term Bond Fund, purchase of Voicestream Wireless Holdings
(Discount) - 144A, 11.875%, due 11/15/09.
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Donaldson, Lufkin & Jenrette. Donaldson, Lufkin & Jenrette was not an
affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
Salomon Smith Barney was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Long-Term Bond Fund, managed by Western Asset Management, purchased $80,000
principal face of Voicestream Wireless Holdings, a company in continuous
operation for 3+ years, in an initial public offering at the offering price of
$56.010 per unit on November 4, 1999. The underwriting spread paid was 2.60%.
The percentage of the offering purchased by the Long-Term Bond Fund was 0.0111%
of the total offering. The security purchased was part of an issue registered
with the Securities and Exchange Commission and was part of a firm commitment
underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made.
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled fourth quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 23: Long-Term Bond Fund, purchase of Republic of Columbia, 9.75%,
due 04/23/09.
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Morgan Stanley. Morgan Stanley was not an affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
Salomon Smith Barney was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Long-Term Bond Fund, managed by Western Asset Management, purchased $780,000
principal face of Republic of Columbia, a country in continuous operation for 3+
years, in an initial public offering at the offering price of $92.773 per unit
on November 17, 1999. The underwriting spread paid was 0.750%. The percentage of
the offering purchased by the Long-Term Bond Fund was 0.1560% of the total
offering. The security purchased was part of an issue registered with the
Securities and Exchange Commission and was part of a firm commitment
underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made.
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled fourth quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 24: Long-Term Bond Fund, purchase of Lockheed Martin, 8.500%, due
12/01/29.
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Goldman Sachs. Goldman Sachs was not an affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
Salomon Smith Barney was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Long-Term Bond Fund, managed by Western Asset Management, purchased $670,000
principal face of Lockheed Martin, a company in continuous operation for 3+
years, in an initial public offering at the offering price of $99.609 per unit
on November 23, 1999. The underwriting spread paid was 0.875%. The percentage of
the offering purchased by the Long-Term Bond Fund was 0.0536% of the total
offering. The security purchased was part of an issue registered with the
Securities and Exchange Commission and was part of a firm commitment
underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made.
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled fourth quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 25: Intermediate-Term Bond Fund, purchase of Ford Motor Credit,
7.375%, due 10/28/09
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Morgan Stanley. Morgan Stanley was not an affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
Salomon Smith Barney was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Intermediate-Term Bond Fund, managed by Travelers Asset Management
International, purchased $4,800,000 principal face of Ford Motor Credit, a
company in continuous operation for 3+ years, in an initial public offering at
the offering price of $99.812 per unit on October 21, 1999. The underwriting
spread paid was 0.425%. The percentage of the offering purchased by the
Intermediate-Term Bond Fund was 0.9600% of the total offering. The security
purchased was part of an issue registered with the Securities and Exchange
Commission and was part of a firm commitment underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made.
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled fourth quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 26: Global High Yield Bond Fund, purchase of PTC International
Finance II 11.25%, due 12/01/09
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Merrill Lynch. Merrill Lynch was not an affiliated underwriter of the Fund.
2. Identify the underwriting syndicate's members.
Salomon Smith Barney was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Global High Yield Bond Fund, managed by Credit Suisse Asset Management,
purchased $135,000 principal face of PTC International Finance, a company in
continuous operation for 3+ years, in an initial public offering at the offering
price of $98.530 per unit on November 16, 1999. The underwriting spread paid was
2.75%. The percentage of the offering purchased by the Global High Yield Bond
Fund was 0.0900% of the total offering. The security purchased was part of an
issue registered with the Securities and Exchange Commission and was part of a
firm commitment underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made.
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled fourth quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
American Odyssey Funds, Inc.
Form: N-SAR December 31, 1999
Attachment - Item 77O
Transactions effected pursuant to Rule 10f-3
Transaction # 27: Global High Yield Bond Fund, purchase of Nuevo Grupo
Iusacell S.A. - 144A, 11.25%, due 12/01/06
If any such transactions were effected during the reporting period, the
following information should be furnished:
1. From whom were the securities acquired.
Chase Securities. Chase Securities was not an affiliated underwriter
of the Fund.
2. Identify the underwriting syndicate's members.
Salomon Smith Barney was the affiliated underwriter of the Fund and the
syndicate included various other underwriters.
3. Terms of the transaction.
Global High Yield Bond Fund, managed by Credit Suisse Asset Management,
purchased $320,000 principal face of Nuevo Grupo Iusacell S.A, a company in
continuous operation for 3+ years, in an initial public offering at the offering
price of $100.00 per unit on December 9, 1999. The underwriting spread paid was
2.875%. The percentage of the offering purchased by the Global High Yield Bond
Fund was 0.0914% of the total offering. The security purchased was part of an
issue registered with the Securities and Exchange Commission and was part of a
firm commitment underwriting.
4. Information or materials upon which the determination described in paragraph
(h)(3) of the rule 10f-3 was made.
The information described in item 1 through 3 above was provided to the Board of
Directors at its regularly scheduled fourth quarter 1999 meeting as well as
information supporting the reasonableness of the selling concession paid to
certify that the purchase was made in compliance with the Board adopted rule
10f-3 procedures.
