<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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SIGNATURE STEVEN MUSON
TITLE ASSISTANT TREASURER
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<NAME> U.S. GOVERNMENT INCOME FUND A
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<NAME> U.S. GOVERNMENT INCOME FUND B
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<NAME> CALIFORNIA TAX-FREE FUND A
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<NAME> CALIFORNIA TAX-FREE FUND B
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<NAME> MUNICIPAL BOND FUND A
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<NAME> BOND FUND A
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<SHARES-REINVESTED> 186368
<NET-CHANGE-IN-ASSETS> 21085941
<ACCUMULATED-NII-PRIOR> 1645
<ACCUMULATED-GAINS-PRIOR> (191512)
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-EXPENSE> 399246
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 062
<NAME> BOND FUND B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> MAR-31-1998
<INVESTMENTS-AT-COST> 72206503
<INVESTMENTS-AT-VALUE> 73012965
<RECEIVABLES> 8212279
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<TOTAL-ASSETS> 82658671
<PAYABLE-FOR-SECURITIES> 3450998
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<TOTAL-LIABILITIES> 4216865
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 680435
<SHARES-COMMON-STOCK> 75957
<SHARES-COMMON-PRIOR> 48367
<ACCUMULATED-NII-CURRENT> 330
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 429872
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 806462
<NET-ASSETS> 78441806
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2135601
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<EXPENSES-NET> 231728
<NET-INVESTMENT-INCOME> 1903873
<REALIZED-GAINS-CURRENT> 621384
<APPREC-INCREASE-CURRENT> 138423
<NET-CHANGE-FROM-OPS> 2663680
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 12826
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 33474
<NUMBER-OF-SHARES-REDEEMED> 6883
<SHARES-REINVESTED> 999
<NET-CHANGE-IN-ASSETS> 21085941
<ACCUMULATED-NII-PRIOR> 1645
<ACCUMULATED-GAINS-PRIOR> (191512)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 164389
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 399246
<AVERAGE-NET-ASSETS> 518556
<PER-SHARE-NAV-BEGIN> 8.94
<PER-SHARE-NII> 0.23
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<PER-SHARE-NAV-END> 9.06
<EXPENSE-RATIO> 1.44
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 071
<NAME> GROWTH & INCOME FUND A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> MAR-31-1998
<INVESTMENTS-AT-COST> 303078729
<INVESTMENTS-AT-VALUE> 345187242
<RECEIVABLES> 4910071
<ASSETS-OTHER> 113971
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 350211284
<PAYABLE-FOR-SECURITIES> 3120291
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7586629
<TOTAL-LIABILITIES> 10706920
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 234246985
<SHARES-COMMON-STOCK> 14318559
<SHARES-COMMON-PRIOR> 10732969
<ACCUMULATED-NII-CURRENT> 3359
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 19187806
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 42108512
<NET-ASSETS> 339504364
<DIVIDEND-INCOME> 2458167
<INTEREST-INCOME> 294926
<OTHER-INCOME> 0
<EXPENSES-NET> 1332813
<NET-INVESTMENT-INCOME> 1420280
<REALIZED-GAINS-CURRENT> 22560469
<APPREC-INCREASE-CURRENT> 5312211
<NET-CHANGE-FROM-OPS> 29292960
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1341902
<DISTRIBUTIONS-OF-GAINS> 28149543
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3653051
<NUMBER-OF-SHARES-REDEEMED> 1707856
<SHARES-REINVESTED> 1640395
<NET-CHANGE-IN-ASSETS> 143449628
<ACCUMULATED-NII-PRIOR> 5222
<ACCUMULATED-GAINS-PRIOR> 29590059
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 859467
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1824205
<AVERAGE-NET-ASSETS> 245457623
<PER-SHARE-NAV-BEGIN> 20.92
<PER-SHARE-NII> 0.10
<PER-SHARE-GAIN-APPREC> 1.55
<PER-SHARE-DIVIDEND> 0.10
<PER-SHARE-DISTRIBUTIONS> 2.37
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.10
<EXPENSE-RATIO> 0.83
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 072
<NAME> GROWTH & INCOME FUND B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> MAR-31-1998
<INVESTMENTS-AT-COST> 303078729
<INVESTMENTS-AT-VALUE> 345187242
<RECEIVABLES> 4910071
<ASSETS-OTHER> 113971
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 350211284
<PAYABLE-FOR-SECURITIES> 3120291
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7586629
<TOTAL-LIABILITIES> 10706920
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 43940807
<SHARES-COMMON-STOCK> 2756111
<SHARES-COMMON-PRIOR> 1823989
<ACCUMULATED-NII-CURRENT> 3359
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 19187806
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 42108512
<NET-ASSETS> 339504364
<DIVIDEND-INCOME> 2458167
<INTEREST-INCOME> 294926
<OTHER-INCOME> 0
<EXPENSES-NET> 1332813
<NET-INVESTMENT-INCOME> 1420280
<REALIZED-GAINS-CURRENT> 22560469
<APPREC-INCREASE-CURRENT> 5312211
<NET-CHANGE-FROM-OPS> 29292960
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 80243
<DISTRIBUTIONS-OF-GAINS> 4813177
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3653051
<NUMBER-OF-SHARES-REDEEMED> 1707856
<SHARES-REINVESTED> 1640395
<NET-CHANGE-IN-ASSETS> 143449628
<ACCUMULATED-NII-PRIOR> 5222
<ACCUMULATED-GAINS-PRIOR> 29590059
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 859467
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1824205
<AVERAGE-NET-ASSETS> 42239886
<PER-SHARE-NAV-BEGIN> 20.87
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 1.56
<PER-SHARE-DIVIDEND> 0.03
<PER-SHARE-DISTRIBUTIONS> 2.37
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.05
<EXPENSE-RATIO> 1.58
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 081
<NAME> SHORT-TERM BOND FUND A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> MAR-31-1998
<INVESTMENTS-AT-COST> 67106155
<INVESTMENTS-AT-VALUE> 67509456
<RECEIVABLES> 6852042
<ASSETS-OTHER> 746328
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 75107826
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 573571
<TOTAL-LIABILITIES> 573571
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 74003649
<SHARES-COMMON-STOCK> 7352777
<SHARES-COMMON-PRIOR> 4972204
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 31955
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 403301
<NET-ASSETS> 74534255
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1812260
<OTHER-INCOME> 0
<EXPENSES-NET> 194023
<NET-INVESTMENT-INCOME> 1618237
<REALIZED-GAINS-CURRENT> 6351
<APPREC-INCREASE-CURRENT> 114434
<NET-CHANGE-FROM-OPS> 1739022
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1614813
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 3324867
<NUMBER-OF-SHARES-REDEEMED> 1088633
<SHARES-REINVESTED> 144339
<NET-CHANGE-IN-ASSETS> 30631811
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (37925)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 148747
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 354293
<AVERAGE-NET-ASSETS> 59638341
<PER-SHARE-NAV-BEGIN> 10.09
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> 0.03
<PER-SHARE-DIVIDEND> 0.27
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<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.12
<EXPENSE-RATIO> 0.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 082
<NAME> SHORT-TERM BOND FUND B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> MAR-31-1998
<INVESTMENTS-AT-COST> 67106155
<INVESTMENTS-AT-VALUE> 67509456
<RECEIVABLES> 6852042
<ASSETS-OTHER> 746328
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 75107826
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 573571
<TOTAL-LIABILITIES> 573571
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 151892
<SHARES-COMMON-STOCK> 15305
<SHARES-COMMON-PRIOR> 17395
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 31955
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 403301
<NET-ASSETS> 74534255
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1812260
<OTHER-INCOME> 0
<EXPENSES-NET> 194023
<NET-INVESTMENT-INCOME> 1618237
<REALIZED-GAINS-CURRENT> 6351
<APPREC-INCREASE-CURRENT> 114434
<NET-CHANGE-FROM-OPS> 1739022
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3804
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 628
<NUMBER-OF-SHARES-REDEEMED> 3091
<SHARES-REINVESTED> 373
<NET-CHANGE-IN-ASSETS> 30631811
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (37925)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 148747
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 354293
<AVERAGE-NET-ASSETS> 160273
<PER-SHARE-NAV-BEGIN> 10.08
<PER-SHARE-NII> 0.24
<PER-SHARE-GAIN-APPREC> 0.03
<PER-SHARE-DIVIDEND> 0.24
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<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.11
<EXPENSE-RATIO> 1.31
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 091
<NAME> GROWTH FUND A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> MAR-31-1998
<INVESTMENTS-AT-COST> 61167621
<INVESTMENTS-AT-VALUE> 86234509
<RECEIVABLES> 2746471
<ASSETS-OTHER> 11230
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 88992210
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3523465
<TOTAL-LIABILITIES> 3523465
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 59538969
<SHARES-COMMON-STOCK> 4322659
<SHARES-COMMON-PRIOR> 3475205
<ACCUMULATED-NII-CURRENT> (161022)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3423176)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 25066887
<NET-ASSETS> 85468745
<DIVIDEND-INCOME> 174491
<INTEREST-INCOME> 28454
<OTHER-INCOME> 0
<EXPENSES-NET> 363967
<NET-INVESTMENT-INCOME> (161022)
<REALIZED-GAINS-CURRENT> (2087422)
<APPREC-INCREASE-CURRENT> 10132769
<NET-CHANGE-FROM-OPS> 7884325
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 1450898
<NUMBER-OF-SHARES-REDEEMED> 603452
<SHARES-REINVESTED> 8
<NET-CHANGE-IN-ASSETS> 85468745
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1335754)
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 212126
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 475850
<AVERAGE-NET-ASSETS> 66422851
<PER-SHARE-NAV-BEGIN> 16.74
<PER-SHARE-NII> (0.06)
<PER-SHARE-GAIN-APPREC> 1.74
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<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.42
<EXPENSE-RATIO> 0.98
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 092
<NAME> GROWTH FUND B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> MAR-31-1998
<INVESTMENTS-AT-COST> 61167621
<INVESTMENTS-AT-VALUE> 86234509
<RECEIVABLES> 2746471
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 88992210
<PAYABLE-FOR-SECURITIES> 0
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<OTHER-ITEMS-LIABILITIES> 3523465
<TOTAL-LIABILITIES> 3523465
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4442444
<SHARES-COMMON-STOCK> 320480
<SHARES-COMMON-PRIOR> 249059
<ACCUMULATED-NII-CURRENT> (161022)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3423176)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 25066887
<NET-ASSETS> 85468745
<DIVIDEND-INCOME> 174491
<INTEREST-INCOME> 28454
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<EXPENSES-NET> 363967
<NET-INVESTMENT-INCOME> (161022)
<REALIZED-GAINS-CURRENT> (2087422)
<APPREC-INCREASE-CURRENT> 10132769
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<EQUALIZATION> 0
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<NUMBER-OF-SHARES-SOLD> 79596
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<SHARES-REINVESTED> 11
<NET-CHANGE-IN-ASSETS> 85468745
<ACCUMULATED-NII-PRIOR> 0
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<GROSS-EXPENSE> 475850
<AVERAGE-NET-ASSETS> 4592912
<PER-SHARE-NAV-BEGIN> 16.59
<PER-SHARE-NII> (0.16)
<PER-SHARE-GAIN-APPREC> 1.76
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<PER-SHARE-NAV-END> 18.19
<EXPENSE-RATIO> 1.73
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
