SIERRA VARIABLE TRUST
NSAR-B, 1995-03-01
Previous: KEMPER INSURED CORPORATE TRUST SERIES 10 & 11, 24F-2NT, 1995-03-01
Next: LAIDLAW COVENANT FUND, NSAR-B, 1995-03-01



<PAGE>      PAGE  1
000 B000000 12/31/94
000 C000000 0000897020
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE SIERRA VARIABLE TRUST
001 B000000 811-7462
001 C000000 8187250200
002 A000000 9301 CORBIN AVENUE, SUITE 333
002 B000000 NORTHRIDGE
002 C000000 CA
002 D010000 91324
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  9
007 C010100  1
007 C020100 GLOBAL MONEY FUND
007 C030100 N
007 C010200  2
007 C020200 GROWTH FUND
007 C030200 N
007 C010300  3
007 C020300 INTERNATIONAL GROWTH FUND
007 C030300 N
007 C010400  4
007 C020400 U.S. GOVERNMENT FUND
007 C030400 N
007 C010500  5
007 C020500 CORPORATE INCOME FUND
007 C030500 N
007 C010600  6
007 C020600 SHORT TERM GLOBAL GOVERNMENT FUND
007 C030600 N
007 C010700  7
007 C020700 EMERGING GROWTH FUND
007 C030700 N
007 C010800  8
007 C020800 GROWTH AND INCOME FUND
007 C030800 N
007 C010900  9
007 C020900 SHORT TERM HIGH QUALITY BOND FUND
007 C030900 N
007 C011000 10
010 A00AA01 SIERRA FUND ADMINISTRATION CORPORATION
<PAGE>      PAGE  2
010 C01AA01 NORTHRIDGE
010 C02AA01 CA
010 C03AA01 91324
010 A00AA02 THE SHAREHOLDER SERVICES GROUP INC.
010 C01AA02 BOSTON
010 C02AA02 MA
010 C03AA02 02109
011 A00AA01 SIERRA INVESTMENT SERVICES CORPORATION
011 B00AA01 8-45144
011 C01AA01 NORTHRIDGE
011 C02AA01 CA
011 C03AA01 91324
012 A00AA01 SIERRA FUND ADMINISTRATION CORPORATION
012 B00AA01 84-5144
012 C01AA01 NORTHRIDGE
012 C02AA01 CA
012 C03AA01 91324
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA01 GREAT WESTERN FINANCIAL SECURITIES CORP
014 B00AA01 8-30410
015 A00AA01 BOSTON SAFE DEPOSIT & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02108
015 E01AA01 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 MORGAN STANLEY & COMPANY INC.
020 B000001 13-2655998
020 C000001     25
020 A000002 LAZARD FRERES
020 C000002     25
020 A000003 INSTINET CORPORATION
020 B000003 13-2596491
020 C000003     25
020 A000004 NOMURA SECURITIES INTERNATIONAL, INC.
020 B000004 13-2642206
020 C000004     19
020 A000005 CROSBY SECURITIES
020 C000005     17
020 A000006 DAIWA SECURITIES AMERICA INC.
020 B000006 13-5680329
020 C000006     17
020 A000007 BEAR-STEARNS & COMPANY INC.
020 B000007 13-4946705
020 C000007     17
<PAGE>      PAGE  3
020 A000008 NEW SMITH COURT
020 C000008     17
020 A000009 MONTGOMERY SECURITIES
020 B000009 94-1701676
020 C000009     13
020 A000010 MABON NUGENT + COMPANY
020 B000010 13-5220060
020 C000010     12
021  000000      294
022 A000001 CITIBANK
022 B000001 13-5266470
022 C000001    763843
022 D000001      9503
022 A000002 MORGAN STANLEY & COMPANY INC.
022 B000002 13-2655998
022 C000002    711875
022 D000002      3075
022 A000003 DEAN WITTER REYNOLDS, INC.
022 B000003 94-1671384
022 C000003    405397
022 D000003         0
022 A000004 FIRST NATIONAL BANK OF CHICAGO
022 B000004 36-0899825
022 C000004    249862
022 D000004         0
022 A000005 UBS SECURITIES INC.
022 B000005 13-2932996
022 C000005    139770
022 D000005      3994
022 A000006 UNION BANK OF SWITZERLAND
022 C000006    113187
022 D000006      1968
022 A000007 KIDDER PEABODY & COMPANY, INC.
022 B000007 13-5650440
022 C000007     95962
022 D000007      2835
022 A000008 BANKERS TRUST COMPANY
022 B000008 13-4941247
022 C000008     77254
022 D000008         0
022 A000009 PNC (PITTSBURGH NATIONAL)
022 C000009     35397
022 D000009     34060
022 A000010 BANK OF AMERICA
022 C000010     68861
022 D000010         0
023 C000000    3753316
023 D000000     276363
024  00AA00 N
026 A000000 N
026 B000000 Y
<PAGE>      PAGE  4
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 N
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056  00AA00 N
057  00AA00 N
077 A000000 Y
077 B000000 Y
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
<PAGE>      PAGE  5
080 A00AA00 FEDERAL INSURANCE COMPANY
080 C00AA00     3500
081 A00AA00 Y
081 B00AA00  23
082 A00AA00 Y
082 B00AA00       10
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
008 A000101 SIERRA INVESTMENT ADVISORS CORPORATION
008 B000101 A
008 C000101 801-32921
008 D010101 NORTHRIDGE
008 D020101 CA
008 D030101 91324
008 A000102 J.P. MORGAN INVESTMENT MANAGEMENT INC.
008 B000102 S
008 C000102 801-21011
008 D010102 NEW YORK
008 D020102 NY
008 D030102 10036
028 A010100       176
028 A020100        14
028 A030100         0
028 A040100       197
028 B010100       267
028 B020100        14
028 B030100         0
028 B040100       287
028 C010100       718
028 C020100        14
028 C030100         0
028 C040100       897
028 D010100       583
028 D020100        14
028 D030100         0
<PAGE>      PAGE  6
028 D040100       782
028 E010100      2389
028 E020100        20
028 E030100         0
028 E040100       300
028 F010100       771
028 F020100        27
028 F030100         0
028 F040100       648
028 G010100      4904
028 G020100       103
028 G030100         0
028 G040100      3111
028 H000100         0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.000
048 A010100   500000
048 A020100 0.500
048 B010100        0
048 B020100 0.000
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100   500000
048 K020100 0.400
058 A000100 N
059  000100 Y
060 A000100 Y
060 B000100 Y
061  000100     2000
062 A000100 Y
062 B000100  20.6
062 C000100  40.4
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
<PAGE>      PAGE  7
062 G000100   0.0
062 H000100   0.0
062 I000100  36.2
062 J000100   0.0
062 K000100   0.0
062 L000100   2.6
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100  45
063 B000100  0.0
064 A000100 N
064 B000100 N
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
<PAGE>      PAGE  8
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100         0
071 B000100         0
071 C000100         0
071 D000100    0
072 A000100 12
072 B000100      171
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100       20
072 G000100        7
072 H000100        0
072 I000100        0
072 J000100        3
072 K000100        0
072 L000100        0
072 M000100        0
072 N000100        2
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100        9
072 S000100        2
072 T000100        0
072 U000100        6
072 V000100        0
072 W000100        0
072 X000100       49
072 Y000100       30
072 Z000100      152
072AA000100        0
072BB000100        0
072CC010100        0
072CC020100        0
072DD010100      152
072DD020100        0
072EE000100        0
073 A010100   0.0366
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100        6
074 B000100        0
074 C000100     6146
074 D000100        0
<PAGE>      PAGE  9
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100       14
074 M000100       21
074 N000100     6187
074 O000100        0
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100       28
074 S000100        0
074 T000100     6159
074 U010100     6159
074 U020100        0
074 V010100     1.00
074 V020100     0.00
074 W000100   1.0000
074 X000100        1
074 Y000100        0
075 A000100     3943
075 B000100        0
076  000100     0.00
008 A000201 SIERRA INVESTMENT ADVISORS CORPORATION
008 B000201 A
008 C000201 801-32921
008 D010201 NORTHRIDGE
008 D020201 CA
008 D030201 91324
008 A000202 JANUS CAPITAL CORPORATION
008 B000202 S
008 C000202 801-13991
008 D010202 DENVER
008 D020202 CO
008 D030202 80206
028 A010200      3401
028 A020200         0
028 A030200         0
028 A040200         0
028 B010200      2990
028 B020200         0
028 B030200         0
028 B040200       394
028 C010200      3079
028 C020200         0
<PAGE>      PAGE  10
028 C030200         0
028 C040200      1333
028 D010200      1960
028 D020200         0
028 D030200         0
028 D040200         1
028 E010200      1542
028 E020200         0
028 E030200         0
028 E040200        94
028 F010200      1294
028 F020200         0
028 F030200         0
028 F040200        96
028 G010200     14266
028 G020200         0
028 G030200         0
028 G040200      1918
028 H000200         0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.000
048 A010200    25000
048 A020200 0.950
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200    25000
048 K020200 0.875
058 A000200 N
059  000200 Y
060 A000200 Y
060 B000200 Y
061  000200     2000
062 A000200 N
<PAGE>      PAGE  11
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200  0.0
066 A000200 Y
066 B000200 N
066 C000200 Y
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
<PAGE>      PAGE  12
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200     90937
071 B000200     73105
071 C000200     28407
071 D000200  257
072 A000200 12
072 B000200      765
072 C000200      160
072 D000200        0
072 E000200        0
072 F000200      424
072 G000200       83
072 H000200        0
072 I000200        1
072 J000200       21
072 K000200        0
072 L000200       12
072 M000200       12
072 N000200       15
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200        9
072 S000200       25
072 T000200        0
072 U000200        6
072 V000200        0
072 W000200        3
072 X000200      611
072 Y000200       29
072 Z000200      343
072AA000200        0
072BB000200      426
072CC010200     1310
072CC020200        0
072DD010200       44
072DD020200        0
<PAGE>      PAGE  13
072EE000200        0
073 A010200   0.0100
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200      232
074 B000200        0
074 C000200    27605
074 D000200        0
074 E000200     3736
074 F000200    30365
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200      790
074 K000200        0
074 L000200      124
074 M000200       26
074 N000200    62878
074 O000200        0
074 P000200       10
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200      105
074 S000200        0
074 T000200    62763
074 U010200     5465
074 U020200        0
074 V010200    11.48
074 V020200     0.00
074 W000200   0.0000
074 X000200        1
074 Y000200        0
075 A000200    46273
075 B000200        0
076  000200     0.00
008 A000301 SIERRA INVESTMENT ADVISORS CORPORATION
008 B000301 A
008 C000301 801-32921
008 D010301 NORTHRIDGE
008 D020301 CA
008 D030301 91324
008 A000302 J.P. MORGAN INVESTMENT MANAGEMENT INC.
008 B000302 S
008 C000302 801-21011
008 D010302 NEW YORK
008 D020302 NY
008 D030302 10036
028 A010300      2876
<PAGE>      PAGE  14
028 A020300         0
028 A030300         0
028 A040300         0
028 B010300      3299
028 B020300         0
028 B030300         0
028 B040300         0
028 C010300      3413
028 C020300         0
028 C030300         0
028 C040300         0
028 D010300      2450
028 D020300         0
028 D030300         0
028 D040300        16
028 E010300      2175
028 E020300         0
028 E030300         0
028 E040300         0
028 F010300      1410
028 F020300         0
028 F030300         0
028 F040300        91
028 G010300     15623
028 G020300         0
028 G030300         0
028 G040300       107
028 H000300         0
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.000
048 A010300    50000
048 A020300 0.950
048 B010300    75000
048 B020300 0.850
048 C010300        0
048 C020300 0.000
048 D010300        0
048 D020300 0.000
048 E010300        0
048 E020300 0.000
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
<PAGE>      PAGE  15
048 J020300 0.000
048 K010300   125000
048 K020300 0.750
058 A000300 N
059  000300 Y
060 A000300 Y
060 B000300 Y
061  000300     2000
062 A000300 N
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   0.0
062 M000300   0.0
062 N000300   0.0
062 O000300   0.0
062 P000300   0.0
062 Q000300   0.0
062 R000300   0.0
063 A000300   0
063 B000300  0.0
066 A000300 Y
066 B000300 N
066 C000300 Y
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 N
067  000300 N
068 A000300 N
068 B000300 Y
069  000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
<PAGE>      PAGE  16
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 Y
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300     48506
071 B000300     13744
071 C000300     27198
071 D000300   51
072 A000300 12
072 B000300      169
072 C000300      505
072 D000300        0
072 E000300        0
072 F000300      294
072 G000300       56
072 H000300        0
072 I000300        5
072 J000300       38
072 K000300        0
072 L000300        8
072 M000300        9
072 N000300       12
072 O000300        0
072 P000300        0
072 Q000300        0
072 R000300       20
072 S000300       14
072 T000300        0
072 U000300        6
072 V000300        0
072 W000300        1
<PAGE>      PAGE  17
072 X000300      463
072 Y000300       47
072 Z000300      258
072AA000300       99
072BB000300        0
072CC010300        0
072CC020300     1203
072DD010300       76
072DD020300        0
072EE000300       44
073 A010300   0.0300
073 A020300   0.0000
073 B000300   0.0140
073 C000300   0.0000
074 A000300     1685
074 B000300        0
074 C000300     2917
074 D000300     1320
074 E000300      525
074 F000300    39837
074 G000300        0
074 H000300        0
074 I000300      234
074 J000300      175
074 K000300        0
074 L000300      104
074 M000300       22
074 N000300    46819
074 O000300      131
074 P000300        7
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300      152
074 S000300        0
074 T000300    46529
074 U010300     4055
074 U020300        0
074 V010300    11.47
074 V020300     0.00
074 W000300   0.0000
074 X000300        1
074 Y000300        0
075 A000300    30963
075 B000300        0
076  000300     0.00
008 A000401 SIERRA INVESTMENT ADVISORS CORPORATION
008 B000401 A
008 C000401 801-32921
008 D010401 NORTHRIDGE
<PAGE>      PAGE  18
008 D020401 CA
008 D030401 91324
008 A000402 BLACKROCK FINANCIAL MANAGEMENT L.P.
008 B000402 S
008 C000402 801-32183
008 D010402 NEW YORK
008 D020402 NY
008 D030402 10154
028 A010400      1522
028 A020400         0
028 A030400         0
028 A040400       439
028 B010400      1506
028 B020400         0
028 B030400         0
028 B040400       809
028 C010400       931
028 C020400       615
028 C030400         0
028 C040400      1199
028 D010400       435
028 D020400         0
028 D030400         0
028 D040400       264
028 E010400       211
028 E020400         0
028 E030400         0
028 E040400       627
028 F010400       195
028 F020400       659
028 F030400         0
028 F040400       820
028 G010400      4800
028 G020400      1274
028 G030400         0
028 G040400      4158
028 H000400         0
045  000400 Y
046  000400 N
047  000400 Y
048  000400  0.000
048 A010400   500000
048 A020400 0.600
048 B010400        0
048 B020400 0.000
048 C010400        0
048 C020400 0.000
048 D010400        0
048 D020400 0.000
048 E010400        0
048 E020400 0.000
<PAGE>      PAGE  19
048 F010400        0
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400   500000
048 K020400 0.500
058 A000400 N
059  000400 Y
060 A000400 Y
060 B000400 Y
061  000400     2000
062 A000400 Y
062 B000400   0.0
062 C000400   0.0
062 D000400   3.1
062 E000400   0.0
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400  23.2
062 N000400  72.9
062 O000400   0.0
062 P000400   0.0
062 Q000400   0.0
062 R000400   0.0
063 A000400   0
063 B000400 18.4
064 A000400 N
064 B000400 N
066 A000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
<PAGE>      PAGE  20
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 Y
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400     49089
071 B000400     26228
071 C000400     35386
071 D000400   74
072 A000400 12
072 B000400     2596
072 C000400        0
072 D000400        0
072 E000400        0
072 F000400      236
072 G000400       71
072 H000400        0
072 I000400        0
072 J000400        8
072 K000400        0
072 L000400        9
072 M000400       12
072 N000400        7
072 O000400        0
072 P000400        7
072 Q000400        0
072 R000400       14
<PAGE>      PAGE  21
072 S000400       26
072 T000400        0
072 U000400        6
072 V000400        0
072 W000400        5
072 X000400      401
072 Y000400       61
072 Z000400     2256
072AA000400        0
072BB000400     1120
072CC010400        0
072CC020400     2559
072DD010400     2181
072DD020400        0
072EE000400       53
073 A010400   0.5000
073 A020400   0.0000
073 B000400   0.0050
073 C000400   0.0000
074 A000400        7
074 B000400        0
074 C000400     1360
074 D000400    41864
074 E000400        0
074 F000400        0
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
074 K000400        0
074 L000400      451
074 M000400       24
074 N000400    43706
074 O000400        0
074 P000400        7
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400      117
074 S000400        0
074 T000400    43582
074 U010400     4773
074 U020400        0
074 V010400     9.13
074 V020400     0.00
074 W000400   0.0000
074 X000400        1
074 Y000400        0
075 A000400    39268
075 B000400        0
<PAGE>      PAGE  22
076  000400     0.00
008 A000501 SIERRA INVESTMENT ADVISORS CORPORATION
008 B000501 A
008 C000501 801-32921
008 D010501 NORTHRIDGE
008 D020501 CA
008 D030501 91324
008 A000502 TCW FUNDS MANAGEMENT INC.
008 B000502 S
008 C000502 801-6642
008 D010502 LOS ANGELES
008 D020502 CA
008 D030502 90017
028 A010500      2812
028 A020500         0
028 A030500         0
028 A040500        72
028 B010500      2479
028 B020500         0
028 B030500         0
028 B040500       461
028 C010500      2400
028 C020500       898
028 C030500         0
028 C040500      2306
028 D010500       735
028 D020500         0
028 D030500         0
028 D040500       351
028 E010500       323
028 E020500         0
028 E030500         0
028 E040500      1179
028 F010500       447
028 F020500         0
028 F030500         0
028 F040500       519
028 G010500      9196
028 G020500       898
028 G030500         0
028 G040500      4888
028 H000500         0
045  000500 Y
046  000500 N
047  000500 Y
048  000500  0.000
048 A010500   500000
048 A020500 0.650
048 B010500        0
048 B020500 0.000
048 C010500        0
<PAGE>      PAGE  23
048 C020500 0.000
048 D010500        0
048 D020500 0.000
048 E010500        0
048 E020500 0.000
048 F010500        0
048 F020500 0.000
048 G010500        0
048 G020500 0.000
048 H010500        0
048 H020500 0.000
048 I010500        0
048 I020500 0.000
048 J010500        0
048 J020500 0.000
048 K010500   500000
048 K020500 0.500
058 A000500 N
059  000500 Y
060 A000500 Y
060 B000500 Y
061  000500     2000
062 A000500 Y
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
062 I000500   0.0
062 J000500   0.0
062 K000500   0.0
062 L000500   4.8
062 M000500  14.5
062 N000500   0.1
062 O000500   0.0
062 P000500  81.5
062 Q000500   0.0
062 R000500   0.0
063 A000500   0
063 B000500 19.8
064 A000500 N
064 B000500 N
066 A000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 N
<PAGE>      PAGE  24
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500     40727
071 B000500      9583
071 C000500     41879
071 D000500   23
072 A000500 12
072 B000500     3827
072 C000500       60
072 D000500        0
072 E000500        0
072 F000500      308
072 G000500       85
072 H000500        0
072 I000500        2
072 J000500       15
072 K000500        0
072 L000500       12
072 M000500       14
<PAGE>      PAGE  25
072 N000500       11
072 O000500        0
072 P000500        0
072 Q000500        0
072 R000500       15
072 S000500       30
072 T000500        0
072 U000500        6
072 V000500        0
072 W000500        9
072 X000500      507
072 Y000500       66
072 Z000500     3446
072AA000500        0
072BB000500     2139
072CC010500        0
072CC020500     4873
072DD010500     2058
072DD020500        0
072EE000500      249
073 A010500   0.4000
073 A020500   0.0000
073 B000500   0.0500
073 C000500   0.0000
074 A000500        3
074 B000500        0
074 C000500        0
074 D000500    52585
074 E000500        0
074 F000500        0
074 G000500        0
074 H000500        0
074 I000500     2640
074 J000500        0
074 K000500        0
074 L000500     1185
074 M000500       24
074 N000500    56437
074 O000500     1593
074 P000500        8
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500      131
074 S000500        0
074 T000500    54705
074 U010500     6037
074 U020500        0
074 V010500     9.06
074 V020500     0.00
<PAGE>      PAGE  26
074 W000500   0.0000
074 X000500        1
074 Y000500        0
075 A000500    47318
075 B000500        0
076  000500     0.00
008 A000601 SIERRA INVESTMENT ADVISORS CORPORATION
008 B000601 A
008 C000601 801-32921
008 D010601 NORTHRIDGE
008 D020601 CA
008 D030601 91324
008 A000602 SCUDDER, STEVENS & CLARK, INC.
008 B000602 S
008 C000602 801-252
008 D010602 BOSTON
008 D020602 MA
008 D030602 02110
028 A010600       672
028 A020600         0
028 A030600         0
028 A040600       177
028 B010600       806
028 B020600         0
028 B030600         0
028 B040600       178
028 C010600       839
028 C020600         0
028 C030600         0
028 C040600       329
028 D010600       697
028 D020600         0
028 D030600         0
028 D040600       109
028 E010600       142
028 E020600         0
028 E030600         0
028 E040600      1148
028 F010600       217
028 F020600       743
028 F030600         0
028 F040600       254
028 G010600      3373
028 G020600       743
028 G030600         0
028 G040600      2195
028 H000600         0
045  000600 Y
046  000600 N
047  000600 Y
048  000600  0.000
<PAGE>      PAGE  27
048 A010600   500000
048 A020600 0.750
048 B010600        0
048 B020600 0.000
048 C010600        0
048 C020600 0.000
048 D010600        0
048 D020600 0.000
048 E010600        0
048 E020600 0.000
048 F010600        0
048 F020600 0.000
048 G010600        0
048 G020600 0.000
048 H010600        0
048 H020600 0.000
048 I010600        0
048 I020600 0.000
048 J010600        0
048 J020600 0.000
048 K010600   500000
048 K020600 0.650
058 A000600 N
059  000600 Y
060 A000600 N
060 B000600 N
061  000600     2000
062 A000600 Y
062 B000600  10.7
062 C000600   0.0
062 D000600   5.8
062 E000600   0.0
062 F000600   0.0
062 G000600   0.0
062 H000600   0.0
062 I000600   0.0
062 J000600   0.0
062 K000600   0.0
062 L000600   0.0
062 M000600   0.0
062 N000600   1.4
062 O000600   0.0
062 P000600   0.0
062 Q000600  75.0
062 R000600   0.0
063 A000600 357
063 B000600  0.0
064 A000600 N
064 B000600 N
066 A000600 N
067  000600 N
<PAGE>      PAGE  28
068 A000600 N
068 B000600 Y
069  000600 N
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 Y
070 I020600 Y
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 Y
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
071 A000600     56201
071 B000600     46639
071 C000600     16297
071 D000600  286
072 A000600 12
072 B000600     1860
072 C000600        0
072 D000600        0
072 E000600        0
072 F000600      206
072 G000600       50
072 H000600        0
<PAGE>      PAGE  29
072 I000600        0
072 J000600       23
072 K000600        0
072 L000600        6
072 M000600        6
072 N000600        5
072 O000600        0
072 P000600        0
072 Q000600        0
072 R000600       32
072 S000600       16
072 T000600        0
072 U000600        6
072 V000600        0
072 W000600        1
072 X000600      351
072 Y000600       99
072 Z000600     1608
072AA000600        0
072BB000600     1325
072CC010600        0
072CC020600      827
072DD010600      589
072DD020600        0
072EE000600      477
073 A010600   0.0495
073 A020600   0.0000
073 B000600   0.0000
073 C000600   0.0396
074 A000600     1811
074 B000600     1733
074 C000600    11452
074 D000600    14501
074 E000600        0
074 F000600        0
074 G000600        0
074 H000600        0
074 I000600       12
074 J000600     2008
074 K000600        0
074 L000600      449
074 M000600       34
074 N000600    32000
074 O000600     1960
074 P000600       20
074 Q000600        0
074 R010600        0
074 R020600        0
074 R030600       65
074 R040600      151
074 S000600        0
<PAGE>      PAGE  30
074 T000600    29804
074 U010600    12669
074 U020600        0
074 V010600     2.35
074 V020600     0.00
074 W000600   0.0000
074 X000600        1
074 Y000600        0
075 A000600    27529
075 B000600        0
076  000600     0.00
008 A000701 SIERRA INVESTMENT ADVISORS CORPORATION
008 B000701 A
008 C000701 801-32921
008 D010701 NORTHRIDGE
008 D020701 CA
008 D030701 91324
008 A000702 JANUS CAPITAL CORPORATION
008 B000702 S
008 C000702 801-13991
008 D010702 DENVER
008 D020702 CO
008 D030702 80206
028 A010700      1175
028 A020700         0
028 A030700         0
028 A040700         0
028 B010700      1322
028 B020700         0
028 B030700         0
028 B040700         0
028 C010700      1241
028 C020700         0
028 C030700         0
028 C040700        63
028 D010700      1299
028 D020700         0
028 D030700         0
028 D040700         9
028 E010700      1917
028 E020700         0
028 E030700         0
028 E040700        18
028 F010700       978
028 F020700         0
028 F030700         0
028 F040700        93
028 G010700      7932
028 G020700         0
028 G030700         0
028 G040700       183
<PAGE>      PAGE  31
028 H000700         0
045  000700 Y
046  000700 N
047  000700 Y
048  000700  0.000
048 A010700    25000
048 A020700 0.900
048 B010700   475000
048 B020700 0.850
048 C010700        0
048 C020700 0.000
048 D010700        0
048 D020700 0.000
048 E010700        0
048 E020700 0.000
048 F010700        0
048 F020700 0.000
048 G010700        0
048 G020700 0.000
048 H010700        0
048 H020700 0.000
048 I010700        0
048 I020700 0.000
048 J010700        0
048 J020700 0.000
048 K010700   500000
048 K020700 0.750
058 A000700 N
059  000700 Y
060 A000700 Y
060 B000700 Y
061  000700     2000
062 A000700 N
062 B000700   0.0
062 C000700   0.0
062 D000700   0.0
062 E000700   0.0
062 F000700   0.0
062 G000700   0.0
062 H000700   0.0
062 I000700   0.0
062 J000700   0.0
062 K000700   0.0
062 L000700   0.0
062 M000700   0.0
062 N000700   0.0
062 O000700   0.0
062 P000700   0.0
062 Q000700   0.0
062 R000700   0.0
063 A000700   0
<PAGE>      PAGE  32
063 B000700  0.0
066 A000700 Y
066 B000700 Y
066 C000700 N
066 D000700 N
066 E000700 N
066 F000700 N
066 G000700 N
067  000700 N
068 A000700 N
068 B000700 N
069  000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700     30774
071 B000700     16822
071 C000700      8680
<PAGE>      PAGE  33
071 D000700  192
072 A000700 12
072 B000700       63
072 C000700      173
072 D000700        0
072 E000700        0
072 F000700       94
072 G000700       19
072 H000700        0
072 I000700        0
072 J000700        1
072 K000700        0
072 L000700        4
072 M000700        2
072 N000700        7
072 O000700        0
072 P000700        0
072 Q000700        0
072 R000700       12
072 S000700        5
072 T000700        0
072 U000700        1
072 V000700        0
072 W000700        0
072 X000700      145
072 Y000700       17
072 Z000700      108
072AA000700        0
072BB000700      544
072CC010700     1232
072CC020700        0
072DD010700        0
072DD020700        0
072EE000700        0
073 A010700   0.0000
073 A020700   0.0000
073 B000700   0.0000
073 C000700   0.0000
074 A000700      102
074 B000700        0
074 C000700     5284
074 D000700        0
074 E000700      602
074 F000700    14024
074 G000700        0
074 H000700        0
074 I000700       33
074 J000700       11
074 K000700        0
074 L000700       13
074 M000700        1
<PAGE>      PAGE  34
074 N000700    20070
074 O000700      106
074 P000700       10
074 Q000700        0
074 R010700        0
074 R020700        0
074 R030700        0
074 R040700       69
074 S000700        0
074 T000700    19885
074 U010700     1889
074 U020700        0
074 V010700    10.53
074 V020700     0.00
074 W000700   0.0000
074 X000700        1
074 Y000700        0
075 A000700    10787
075 B000700        0
076  000700     0.00
008 A000801 SIERRA INVESTMENT ADVISORS CORPORATION
008 B000801 A
008 C000801 801-32921
008 D010801 NORTHRIDGE
008 D020801 CA
008 D030801 91324
008 A000802 J.P. MORGAN INVESTMENT MANAGEMENT INC.
008 B000802 S
008 C000802 801-21011
008 D010802 NEW YORK
008 D020802 NY
008 D030802 10036
028 A010800      1811
028 A020800         0
028 A030800         0
028 A040800         0
028 B010800      3310
028 B020800         0
028 B030800         0
028 B040800         0
028 C010800      5105
028 C020800         0
028 C030800         0
028 C040800         0
028 D010800      2454
028 D020800         0
028 D030800         0
028 D040800         0
028 E010800      1873
028 E020800         0
028 E030800         0
<PAGE>      PAGE  35
028 E040800       423
028 F010800      1446
028 F020800         0
028 F030800         0
028 F040800        23
028 G010800     15999
028 G020800         0
028 G030800         0
028 G040800       446
028 H000800         0
045  000800 Y
046  000800 N
047  000800 Y
048  000800  0.000
048 A010800   100000
048 A020800 0.800
048 B010800   100000
048 B020800 0.750
048 C010800   200000
048 C020800 0.700
048 D010800   100000
048 D020800 0.650
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   500000
048 K020800 0.575
058 A000800 N
059  000800 Y
060 A000800 Y
060 B000800 Y
061  000800     2000
062 A000800 N
062 B000800   0.0
062 C000800   0.0
062 D000800   0.0
062 E000800   0.0
062 F000800   0.0
062 G000800   0.0
062 H000800   0.0
062 I000800   0.0
062 J000800   0.0
<PAGE>      PAGE  36
062 K000800   0.0
062 L000800   0.0
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   0
063 B000800  0.0
066 A000800 Y
066 B000800 N
066 C000800 N
066 D000800 N
066 E000800 Y
066 F000800 N
066 G000800 N
067  000800 N
068 A000800 N
068 B000800 N
069  000800 N
070 A010800 Y
070 A020800 N
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 Y
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 N
070 M010800 Y
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
<PAGE>      PAGE  37
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800     28824
071 B000800      4388
071 C000800     10728
071 D000800   44
072 A000800 12
072 B000800       74
072 C000800      230
072 D000800        0
072 E000800        0
072 F000800       86
072 G000800       19
072 H000800        0
072 I000800        0
072 J000800       27
072 K000800        0
072 L000800        4
072 M000800        2
072 N000800        8
072 O000800        0
072 P000800        0
072 Q000800        0
072 R000800       14
072 S000800        4
072 T000800        0
072 U000800        0
072 V000800        0
072 W000800        2
072 X000800      166
072 Y000800       37
072 Z000800      175
072AA000800      239
072BB000800        0
072CC010800        0
072CC020800      667
072DD010800        0
072DD020800        0
072EE000800        0
073 A010800   0.0000
073 A020800   0.0000
073 B000800   0.0000
073 C000800   0.0000
074 A000800       10
074 B000800        0
074 C000800     2495
074 D000800      298
<PAGE>      PAGE  38
074 E000800      368
074 F000800    23347
074 G000800        0
074 H000800        0
074 I000800        0
074 J000800        0
074 K000800        0
074 L000800       55
074 M000800        2
074 N000800    26575
074 O000800     1596
074 P000800       13
074 Q000800        0
074 R010800        0
074 R020800        0
074 R030800        0
074 R040800       61
074 S000800        0
074 T000800    24905
074 U010800     2534
074 U020800        0
074 V010800     9.83
074 V020800     0.00
074 W000800   0.0000
074 X000800        1
074 Y000800        0
075 A000800    11095
075 B000800        0
076  000800     0.00
008 A000901 SIERRA INVESTMENT ADVISORS CORPORATION
008 B000901 A
008 C000901 801-32921
008 D010901 NORTHRIDGE
008 D020901 CA
008 D030901 91324
008 A000902 SCUDDER, STEVENS & CLARK, INC.
008 B000902 S
008 C000902 801-252
008 D010902 BOSTON
008 D020902 MA
008 D030902 02110
028 A010900       476
028 A020900         0
028 A030900         0
028 A040900        28
028 B010900      1014
028 B020900         0
028 B030900         0
028 B040900        18
028 C010900      3066
028 C020900       152
<PAGE>      PAGE  39
028 C030900         0
028 C040900        24
028 D010900       927
028 D020900         0
028 D030900         0
028 D040900         0
028 E010900       999
028 E020900         0
028 E030900         0
028 E040900        19
028 F010900       586
028 F020900        78
028 F030900         0
028 F040900       103
028 G010900      7068
028 G020900       230
028 G030900         0
028 G040900       192
028 H000900         0
045  000900 Y
045  000900 N
045  000900 Y
046  000900  0.000
046  000900   200000
046  000900 0.500
047  000900   300000
047  000900 0.450
047  000900        0
048  000900 0.000
048  000900        0
048  000900 0.000
048 A010900        0
048 A010900 0.000
048 A010900        0
048 A020900 0.000
048 A020900        0
048 A020900 0.000
048 B010900        0
048 B010900 0.000
048 B010900        0
048 B020900 0.000
048 B020900        0
048 B020900 0.000
048 C010900   500000
048 C010900 0.400
048 C010900        0
048 C020900 0.040
048 C020900 0.040
048 C020900 0.040
048 D010900        0
048 D010900        0
<PAGE>      PAGE  40
048 D010900        0
048 D020900 0.000
048 D020900 0.000
048 D020900 0.000
048 E010900        0
048 E010900        0
048 E010900        0
048 E020900 0.000
048 E020900 0.000
048 E020900 0.000
048 F010900        0
048 F010900        0
048 F010900        0
048 F020900 0.000
048 F020900 0.000
048 F020900 0.000
048 G010900        0
048 G010900        0
048 G010900        0
048 G020900 0.000
048 G020900 0.000
048 G020900 0.000
048 H010900        0
048 H010900        0
048 H010900        0
048 H020900 0.000
048 H020900 0.000
048 H020900 0.000
048 I010900        0
048 I010900        0
048 I010900        0
048 I020900 0.000
048 I020900 0.000
048 I020900 0.000
048 J010900        0
048 J010900        0
048 J010900        0
048 J020900 0.000
048 J020900 0.000
048 J020900 0.000
048 K010900        0
048 K010900        0
048 K010900        0
048 K020900 0.000
048 K020900 0.000
048 K020900 0.000
058 A000900 N
059  000900 Y
060 A000900 Y
060 B000900 Y
061  000900     2000
<PAGE>      PAGE  41
062 A000900 Y
062 B000900  24.6
062 C000900  13.2
062 D000900   0.0
062 E000900   0.0
062 F000900   0.0
062 G000900   0.0
062 H000900   0.0
062 I000900  28.7
062 J000900   0.0
062 K000900   0.0
062 L000900  33.0
062 M000900   0.0
062 N000900   0.0
062 O000900   0.0
062 P000900   0.0
062 Q000900   0.0
062 R000900   0.0
063 A000900   0
063 B000900  1.7
064 A000900 N
064 B000900 N
066 A000900 N
067  000900 N
068 A000900 N
068 B000900 N
069  000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 Y
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 Y
<PAGE>      PAGE  42
070 M010900 Y
070 M020900 Y
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900     14488
071 B000900      4063
071 C000900      5052
071 D000900   80
072 A000900 12
072 B000900      546
072 C000900        0
072 D000900        0
072 E000900        0
072 F000900       43
072 G000900       15
072 H000900        0
072 I000900        0
072 J000900       13
072 K000900        0
072 L000900        2
072 M000900        2
072 N000900        5
072 O000900        0
072 P000900        0
072 Q000900        0
072 R000900        9
072 S000900        4
072 T000900        0
072 U000900        0
072 V000900        0
072 W000900        1
072 X000900       94
072 Y000900       29
072 Z000900      481
072AA000900        0
072BB000900      237
072CC010900        0
072CC020900      434
072DD010900      337
072DD020900        0
072EE000900        0
073 A010900   0.0700
073 A020900   0.0000
<PAGE>      PAGE  43
073 B000900   0.0000
073 C000900   0.0000
074 A000900        2
074 B000900        0
074 C000900     5582
074 D000900     9891
074 E000900        0
074 F000900        0
074 G000900        0
074 H000900        0
074 I000900        0
074 J000900        0
074 K000900        0
074 L000900      107
074 M000900        4
074 N000900    15586
074 O000900        0
074 P000900        7
074 Q000900        0
074 R010900        0
074 R020900        0
074 R030900        0
074 R040900       32
074 S000900        0
074 T000900    15547
074 U010900     6514
074 U020900        0
074 V010900     2.39
074 V020900     0.00
074 W000900   0.0000
074 X000900        1
074 Y000900        0
075 A000900     8798
075 B000900        0
076  000900     0.00
SIGNATURE   CRAIG M. MILLER                              
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE>  6
<SERIES>
              <NUMBER> 1
              <NAME> SVT Global Money
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        DEC-31-1994
<PERIOD-END>                             DEC-31-1994
<INVESTMENTS-AT-COST>                                        6,146,041
<INVESTMENTS-AT-VALUE>                                       6,146,041
<RECEIVABLES>                                                   14,251
<ASSETS-OTHER>                                                  20,880
<OTHER-ITEMS-ASSETS>                                             5,854
<TOTAL-ASSETS>                                               6,187,026
<PAYABLE-FOR-SECURITIES>                                             0
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                       28,125
<TOTAL-LIABILITIES>                                             28,125
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                     6,153,459
<SHARES-COMMON-STOCK>                                        6,158,879
<SHARES-COMMON-PRIOR>                                        1,488,093
<ACCUMULATED-NII-CURRENT>                                        5,473
<OVERDISTRIBUTION-NII>                                               0
<ACCUMULATED-NET-GAINS>                                            (31)
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                             0
<NET-ASSETS>                                                 6,158,901
<DIVIDEND-INCOME>                                                    0
<INTEREST-INCOME>                                              170,978
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                                  19,475
<NET-INVESTMENT-INCOME>                                        151,503
<REALIZED-GAINS-CURRENT>                                           (31)
<APPREC-INCREASE-CURRENT>                                            0
<NET-CHANGE-FROM-OPS>                                          151,472
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                     (151,450)
<DISTRIBUTIONS-OF-GAINS>                                           (53)
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                      9,003,620
<NUMBER-OF-SHARES-REDEEMED>                                  4,484,336
<SHARES-REINVESTED>                                            151,502
<NET-CHANGE-IN-ASSETS>                                       4,670,755
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                           53
<OVERDISTRIB-NII-PRIOR>                                              0
<OVERDIST-NET-GAINS-PRIOR>                                           0
<GROSS-ADVISORY-FEES>                                           19,714
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                                 49,269
<AVERAGE-NET-ASSETS>                                         3,942,744
<PER-SHARE-NAV-BEGIN>                                             1.00
<PER-SHARE-NII>                                                   0.04
<PER-SHARE-GAIN-APPREC>                                           0.00
<PER-SHARE-DIVIDEND>                                             (0.04)
<PER-SHARE-DISTRIBUTIONS>                                         0.00
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                               1.00
<EXPENSE-RATIO>                                                   0.49
<AVG-DEBT-OUTSTANDING>                                               0
<AVG-DEBT-PER-SHARE>                                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE>  6
<SERIES>
              <NUMBER> 2
              <NAME> SVT Growth
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        DEC-31-1994
<PERIOD-END>                             DEC-31-1994
<INVESTMENTS-AT-COST>                                       59,503,052
<INVESTMENTS-AT-VALUE>                                      61,705,997
<RECEIVABLES>                                                  914,701
<ASSETS-OTHER>                                                  24,874
<OTHER-ITEMS-ASSETS>                                           231,967
<TOTAL-ASSETS>                                              62,877,539
<PAYABLE-FOR-SECURITIES>                                             0
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                      114,968
<TOTAL-LIABILITIES>                                            114,968
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                    60,579,519
<SHARES-COMMON-STOCK>                                        5,465,399
<SHARES-COMMON-PRIOR>                                        2,037,551
<ACCUMULATED-NII-CURRENT>                                      274,870
<OVERDISTRIBUTION-NII>                                               0
<ACCUMULATED-NET-GAINS>                                       (403,363)      
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                     2,311,545
<NET-ASSETS>                                                62,762,571
<DIVIDEND-INCOME>                                              159,628
<INTEREST-INCOME>                                              765,031
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                                 581,726
<NET-INVESTMENT-INCOME>                                        342,933
<REALIZED-GAINS-CURRENT>                                      (425,990)
<APPREC-INCREASE-CURRENT>                                    1,309,778
<NET-CHANGE-FROM-OPS>                                        1,226,721
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                      (43,480)
<DISTRIBUTIONS-OF-GAINS>                                             0
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                      3,591,581
<NUMBER-OF-SHARES-REDEEMED>                                    167,854
<SHARES-REINVESTED>                                              4,121
<NET-CHANGE-IN-ASSETS>                                      39,967,164
<ACCUMULATED-NII-PRIOR>                                         35,864
<ACCUMULATED-GAINS-PRIOR>                                      (43,266)
<OVERDISTRIB-NII-PRIOR>                                              0
<OVERDIST-NET-GAINS-PRIOR>                                           0
<GROSS-ADVISORY-FEES>                                          423,638
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                                610,632
<AVERAGE-NET-ASSETS>                                        46,272,895
<PER-SHARE-NAV-BEGIN>                                            11.19
<PER-SHARE-NII>                                                   0.04
<PER-SHARE-GAIN-APPREC>                                           0.26
<PER-SHARE-DIVIDEND>                                             (0.01)
<PER-SHARE-DISTRIBUTIONS>                                         0.00
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                              11.48
<EXPENSE-RATIO>                                                   1.26
<AVG-DEBT-OUTSTANDING>                                               0
<AVG-DEBT-PER-SHARE>                                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE>  6
<SERIES>
              <NUMBER> 3
              <NAME> SVT International Growth
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        DEC-31-1994
<PERIOD-END>                             DEC-31-1994
<INVESTMENTS-AT-COST>                                       45,781,073
<INVESTMENTS-AT-VALUE>                                      44,832,151
<RECEIVABLES>                                                  278,357
<ASSETS-OTHER>                                                  23,660
<OTHER-ITEMS-ASSETS>                                         1,685,122
<TOTAL-ASSETS>                                              46,819,290
<PAYABLE-FOR-SECURITIES>                                       130,972
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                      159,387
<TOTAL-LIABILITIES>                                            290,359
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                    47,209,899
<SHARES-COMMON-STOCK>                                        4,055,147
<SHARES-COMMON-PRIOR>                                          940,952
<ACCUMULATED-NII-CURRENT>                                       38,824
<OVERDISTRIBUTION-NII>                                               0
<ACCUMULATED-NET-GAINS>                                        263,332
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                      (983,124)
<NET-ASSETS>                                                46,528,931
<DIVIDEND-INCOME>                                              505,122
<INTEREST-INCOME>                                              169,064
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                                 415,942
<NET-INVESTMENT-INCOME>                                        258,244
<REALIZED-GAINS-CURRENT>                                        99,064
<APPREC-INCREASE-CURRENT>                                   (1,203,068)
<NET-CHANGE-FROM-OPS>                                         (845,760)
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                      (76,169)
<DISTRIBUTIONS-OF-GAINS>                                       (44,054)
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                      3,123,107
<NUMBER-OF-SHARES-REDEEMED>                                     19,152
<SHARES-REINVESTED>                                             10,240
<NET-CHANGE-IN-ASSETS>                                      35,890,704
<ACCUMULATED-NII-PRIOR>                                         23,326
<ACCUMULATED-GAINS-PRIOR>                                       36,299
<OVERDISTRIB-NII-PRIOR>                                              0
<OVERDIST-NET-GAINS-PRIOR>                                           0
<GROSS-ADVISORY-FEES>                                          294,150
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                                463,492
<AVERAGE-NET-ASSETS>                                        30,963,152
<PER-SHARE-NAV-BEGIN>                                            11.31
<PER-SHARE-NII>                                                   0.01
<PER-SHARE-GAIN-APPREC>                                           0.19
<PER-SHARE-DIVIDEND>                                             (0.03)
<PER-SHARE-DISTRIBUTIONS>                                        (0.01)
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                              11.47
<EXPENSE-RATIO>                                                   1.34
<AVG-DEBT-OUTSTANDING>                                               0
<AVG-DEBT-PER-SHARE>                                                 0
        
  

</TABLE>

<TABLE> <S> <C>

<ARTICLE>  6
<SERIES>
                      <NUMBER> 4
                      <NAME> SVT U.S. GOVERNMENT 
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        DEC-31-1994
<PERIOD-END>                             DEC-31-1994
<INVESTMENTS-AT-COST>                                       46,063,639
<INVESTMENTS-AT-VALUE>                                      43,223,796
<RECEIVABLES>                                                  421,316
<ASSETS-OTHER>                                                  53,525
<OTHER-ITEMS-ASSETS>                                             6,838
<TOTAL-ASSETS>                                              43,705,475
<PAYABLE-FOR-SECURITIES>                                             0
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                      123,647
<TOTAL-LIABILITIES>                                            123,647
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                    47,543,931
<SHARES-COMMON-STOCK>                                        4,772,794
<SHARES-COMMON-PRIOR>                                        2,497,484
<ACCUMULATED-NII-CURRENT>                                       43,240
<OVERDISTRIBUTION-NII>                                               0
<ACCUMULATED-NET-GAINS>                                     (1,108,187) 
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                    (2,897,156)
<NET-ASSETS>                                                43,581,828
<DIVIDEND-INCOME>                                                    0
<INTEREST-INCOME>                                            2,595,747
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                                 339,340
<NET-INVESTMENT-INCOME>                                      2,256,407
<REALIZED-GAINS-CURRENT>                                    (1,120,435)
<APPREC-INCREASE-CURRENT>                                   (2,559,445)
<NET-CHANGE-FROM-OPS>                                       (1,423,473)
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                   (2,180,922)
<DISTRIBUTIONS-OF-GAINS>                                       (52,604)
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                      2,487,621
<NUMBER-OF-SHARES-REDEEMED>                                    451,960
<SHARES-REINVESTED>                                            239,649
<NET-CHANGE-IN-ASSETS>                                      18,512,754
<ACCUMULATED-NII-PRIOR>                                          8,766
<ACCUMULATED-GAINS-PRIOR>                                       18,386
<OVERDISTRIB-NII-PRIOR>                                              0
<OVERDIST-NET-GAINS-PRIOR>                                           0
<GROSS-ADVISORY-FEES>                                          235,607
<INTEREST-EXPENSE>                                               6,889
<GROSS-EXPENSE>                                                400,430
<AVERAGE-NET-ASSETS>                                        39,267,845
<PER-SHARE-NAV-BEGIN>                                            10.04
<PER-SHARE-NII>                                                   0.50
<PER-SHARE-GAIN-APPREC>                                          (0.90)
<PER-SHARE-DIVIDEND>                                             (0.50)
<PER-SHARE-DISTRIBUTIONS>                                        (0.01)
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                               9.13
<EXPENSE-RATIO>                                                   0.85
<AVG-DEBT-OUTSTANDING>                                          12,164
<AVG-DEBT-PER-SHARE>                                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE>  6
<SERIES>
                     <NUMBER> 5
                    <NAME> SVT CORPORATE INCOME
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        DEC-31-1994
<PERIOD-END>                             DEC-31-1994
<INVESTMENTS-AT-COST>                                       60,475,736
<INVESTMENTS-AT-VALUE>                                      55,224,818
<RECEIVABLES>                                                1,184,960
<ASSETS-OTHER>                                                  24,639
<OTHER-ITEMS-ASSETS>                                             2,650
<TOTAL-ASSETS>                                              56,437,067
<PAYABLE-FOR-SECURITIES>                                     1,592,767
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                      138,849
<TOTAL-LIABILITIES>                                          1,731,616
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                    60,903,487
<SHARES-COMMON-STOCK>                                        6,036,768
<SHARES-COMMON-PRIOR>                                        2,779,412
<ACCUMULATED-NII-CURRENT>                                      521,326
<OVERDISTRIBUTION-NII>                                               0
<ACCUMULATED-NET-GAINS>                                     (1,468,471)
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                    (5,250,891)
<NET-ASSETS>                                                54,705,451
<DIVIDEND-INCOME>                                               59,918
<INTEREST-INCOME>                                            3,826,962
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                                 440,964
<NET-INVESTMENT-INCOME>                                      3,445,916
<REALIZED-GAINS-CURRENT>                                    (2,139,354)
<APPREC-INCREASE-CURRENT>                                   (4,872,950)
<NET-CHANGE-FROM-OPS>                                       (3,566,388)
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                   (2,058,319)
<DISTRIBUTIONS-OF-GAINS>                                      (248,803)
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                      3,545,507
<NUMBER-OF-SHARES-REDEEMED>                                    536,740
<SHARES-REINVESTED>                                            248,589
<NET-CHANGE-IN-ASSETS>                                      25,973,876
<ACCUMULATED-NII-PRIOR>                                         22,268
<ACCUMULATED-GAINS-PRIOR>                                       25,701
<OVERDISTRIB-NII-PRIOR>                                              0
<OVERDIST-NET-GAINS-PRIOR>                                           0
<GROSS-ADVISORY-FEES>                                          307,568
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                                507,236
<AVERAGE-NET-ASSETS>                                        47,318,145
<PER-SHARE-NAV-BEGIN>                                            10.34
<PER-SHARE-NII>                                                   0.47
<PER-SHARE-GAIN-APPREC>                                          (1.30)
<PER-SHARE-DIVIDEND>                                             (0.40)
<PER-SHARE-DISTRIBUTIONS>                                        (0.05)
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                               9.06
<EXPENSE-RATIO>                                                   0.93
<AVG-DEBT-OUTSTANDING>                                               0
<AVG-DEBT-PER-SHARE>                                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE>  6
<SERIES>
                     <NUMBER> 6
                     <NAME> SVT ST GLOBAL GOVERNMENT 
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        DEC-31-1994
<PERIOD-END>                             DEC-31-1994
<INVESTMENTS-AT-COST>                                       28,432,941
<INVESTMENTS-AT-VALUE>                                      27,698,400
<RECEIVABLES>                                                2,456,778
<ASSETS-OTHER>                                                  33,380
<OTHER-ITEMS-ASSETS>                                         1,811,484
<TOTAL-ASSETS>                                              32,000,042
<PAYABLE-FOR-SECURITIES>                                     1,959,641
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                      236,511
<TOTAL-LIABILITIES>                                          2,196,152
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                    30,916,101
<SHARES-COMMON-STOCK>                                       12,668,587
<SHARES-COMMON-PRIOR>                                        7,694,421
<ACCUMULATED-NII-CURRENT>                                        9,731
<OVERDISTRIBUTION-NII>                                               0
<ACCUMULATED-NET-GAINS>                                       (325,419)      
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                      (796,523)
<NET-ASSETS>                                                29,803,890
<DIVIDEND-INCOME>                                                    0
<INTEREST-INCOME>                                            1,859,582
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                                 252,058
<NET-INVESTMENT-INCOME>                                      1,607,524
<REALIZED-GAINS-CURRENT>                                    (1,325,425)
<APPREC-INCREASE-CURRENT>                                     (827,486)
<NET-CHANGE-FROM-OPS>                                         (545,387)
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                     (588,849)
<DISTRIBUTIONS-OF-GAINS>                                        (7,909)
<DISTRIBUTIONS-OTHER>                                         (469,048)
<NUMBER-OF-SHARES-SOLD>                                      5,745,553
<NUMBER-OF-SHARES-REDEEMED>                                  1,218,957
<SHARES-REINVESTED>                                            447,570
<NET-CHANGE-IN-ASSETS>                                      10,656,507
<ACCUMULATED-NII-PRIOR>                                         (3,346)
<ACCUMULATED-GAINS-PRIOR>                                       (3,085)
<OVERDISTRIB-NII-PRIOR>                                              0
<OVERDIST-NET-GAINS-PRIOR>                                           0
<GROSS-ADVISORY-FEES>                                          206,466
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                                351,108
<AVERAGE-NET-ASSETS>                                        27,528,775
<PER-SHARE-NAV-BEGIN>                                             2.49
<PER-SHARE-NII>                                                   0.05
<PER-SHARE-GAIN-APPREC>                                          (0.10)
<PER-SHARE-DIVIDEND>                                             (0.05)
<PER-SHARE-DISTRIBUTIONS>                                        (0.00)
<RETURNS-OF-CAPITAL>                                             (0.04)
<PER-SHARE-NAV-END>                                               2.35
<EXPENSE-RATIO>                                                   0.92
<AVG-DEBT-OUTSTANDING>                                               0
<AVG-DEBT-PER-SHARE>                                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE>  6
<SERIES>
              <NUMBER> 7
              <NAME> SVT Emerging Growth
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        DEC-31-1994
<PERIOD-END>                             DEC-31-1994
<INVESTMENTS-AT-COST>                                       18,720,225
<INVESTMENTS-AT-VALUE>                                      19,942,206
<RECEIVABLES>                                                   24,117
<ASSETS-OTHER>                                                   1,301  
<OTHER-ITEMS-ASSETS>                                           102,428
<TOTAL-ASSETS>                                              20,070,052
<PAYABLE-FOR-SECURITIES>                                       105,677
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                       79,646
<TOTAL-LIABILITIES>                                            185,323
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                    19,088,269
<SHARES-COMMON-STOCK>                                        1,888,634
<SHARES-COMMON-PRIOR>                                                0
<ACCUMULATED-NII-CURRENT>                                      106,321
<OVERDISTRIBUTION-NII>                                               0
<ACCUMULATED-NET-GAINS>                                       (542,386)
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                     1,232,525
<NET-ASSETS>                                                19,884,729
<DIVIDEND-INCOME>                                              172,939
<INTEREST-INCOME>                                               63,219
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                                 128,594
<NET-INVESTMENT-INCOME>                                        107,564
<REALIZED-GAINS-CURRENT>                                      (543,629)
<APPREC-INCREASE-CURRENT>                                    1,232,525
<NET-CHANGE-FROM-OPS>                                          796,460
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                            0
<DISTRIBUTIONS-OF-GAINS>                                             0
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                      1,906,318
<NUMBER-OF-SHARES-REDEEMED>                                     17,684
<SHARES-REINVESTED>                                                  0
<NET-CHANGE-IN-ASSETS>                                      19,884,729
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                            0
<OVERDISTRIB-NII-PRIOR>                                              0
<OVERDIST-NET-GAINS-PRIOR>                                           0
<GROSS-ADVISORY-FEES>                                           94,154
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                                144,528
<AVERAGE-NET-ASSETS>                                        10,786,586
<PER-SHARE-NAV-BEGIN>                                            10.00
<PER-SHARE-NII>                                                   0.06
<PER-SHARE-GAIN-APPREC>                                           0.47
<PER-SHARE-DIVIDEND>                                              0.00
<PER-SHARE-DISTRIBUTIONS>                                         0.00
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                              10.53
<EXPENSE-RATIO>                                                   1.23
<AVG-DEBT-OUTSTANDING>                                               0
<AVG-DEBT-PER-SHARE>                                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE>  6
<SERIES>
              <NUMBER> 8
              <NAME> SVT Growth and Income
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        DEC-31-1994
<PERIOD-END>                             DEC-31-1994
<INVESTMENTS-AT-COST>                                       27,174,001
<INVESTMENTS-AT-VALUE>                                      26,507,224
<RECEIVABLES>                                                   54,935
<ASSETS-OTHER>                                                   2,210    
<OTHER-ITEMS-ASSETS>                                            10,274
<TOTAL-ASSETS>                                              26,574,643
<PAYABLE-FOR-SECURITIES>                                     1,595,731
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                       73,528
<TOTAL-LIABILITIES>                                          1,669,259
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                    25,157,869
<SHARES-COMMON-STOCK>                                        2,534,217
<SHARES-COMMON-PRIOR>                                                0
<ACCUMULATED-NII-CURRENT>                                      174,965
<OVERDISTRIBUTION-NII>                                               0
<ACCUMULATED-NET-GAINS>                                        239,327
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                      (666,777)
<NET-ASSETS>                                                24,905,384
<DIVIDEND-INCOME>                                              230,070
<INTEREST-INCOME>                                               73,571
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                                 128,672
<NET-INVESTMENT-INCOME>                                        174,969
<REALIZED-GAINS-CURRENT>                                       239,323
<APPREC-INCREASE-CURRENT>                                     (666,777)
<NET-CHANGE-FROM-OPS>                                         (252,485)
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                            0
<DISTRIBUTIONS-OF-GAINS>                                             0
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                      2,579,666
<NUMBER-OF-SHARES-REDEEMED>                                     45,449
<SHARES-REINVESTED>                                                  0
<NET-CHANGE-IN-ASSETS>                                      24,905,384
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                            0
<OVERDISTRIB-NII-PRIOR>                                              0
<OVERDIST-NET-GAINS-PRIOR>                                           0
<GROSS-ADVISORY-FEES>                                           86,085
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                                166,335
<AVERAGE-NET-ASSETS>                                        11,095,005
<PER-SHARE-NAV-BEGIN>                                            10.00
<PER-SHARE-NII>                                                   0.07
<PER-SHARE-GAIN-APPREC>                                          (0.24)
<PER-SHARE-DIVIDEND>                                              0.00
<PER-SHARE-DISTRIBUTIONS>                                         0.00
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                               9.83
<EXPENSE-RATIO>                                                   1.20
<AVG-DEBT-OUTSTANDING>                                               0
<AVG-DEBT-PER-SHARE>                                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE>  6
<SERIES>
                     <NUMBER> 9
                    <NAME> SVT ST HIGH QUALITY BOND 
       
<S>                                      <C>
<PERIOD-TYPE>                            12-MOS
<FISCAL-YEAR-END>                        DEC-31-1994
<PERIOD-END>                             DEC-31-1994
<INVESTMENTS-AT-COST>                                       15,914,084
<INVESTMENTS-AT-VALUE>                                      15,472,860
<RECEIVABLES>                                                  107,240
<ASSETS-OTHER>                                                   4,752   
<OTHER-ITEMS-ASSETS>                                             1,563
<TOTAL-ASSETS>                                              15,586,415
<PAYABLE-FOR-SECURITIES>                                             0
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                       39,038
<TOTAL-LIABILITIES>                                             39,038
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                    16,074,485
<SHARES-COMMON-STOCK>                                        6,513,809
<SHARES-COMMON-PRIOR>                                                0
<ACCUMULATED-NII-CURRENT>                                       45,834
<OVERDISTRIBUTION-NII>                                               0
<ACCUMULATED-NET-GAINS>                                       (139,185)
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                      (433,757)
<NET-ASSETS>                                                15,547,377
<DIVIDEND-INCOME>                                                    0
<INTEREST-INCOME>                                              546,091
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                                  65,429
<NET-INVESTMENT-INCOME>                                        480,662
<REALIZED-GAINS-CURRENT>                                      (237,512)
<APPREC-INCREASE-CURRENT>                                     (433,757)
<NET-CHANGE-FROM-OPS>                                         (190,607)
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                     (336,501)
<DISTRIBUTIONS-OF-GAINS>                                             0
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                      6,511,483
<NUMBER-OF-SHARES-REDEEMED>                                    136,509
<SHARES-REINVESTED>                                            138,835
<NET-CHANGE-IN-ASSETS>                                      15,547,377
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                            0
<OVERDISTRIB-NII-PRIOR>                                              0
<OVERDIST-NET-GAINS-PRIOR>                                           0
<GROSS-ADVISORY-FEES>                                           42,665
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                                 94,026
<AVERAGE-NET-ASSETS>                                         8,798,246
<PER-SHARE-NAV-BEGIN>                                             2.50
<PER-SHARE-NII>                                                   0.08
<PER-SHARE-GAIN-APPREC>                                          (0.12)
<PER-SHARE-DIVIDEND>                                             (0.07)
<PER-SHARE-DISTRIBUTIONS>                                         0.00
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                               2.39
<EXPENSE-RATIO>                                                   0.77
<AVG-DEBT-OUTSTANDING>                                               0
<AVG-DEBT-PER-SHARE>                                                 0
        


</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission