<PAGE> PAGE 1
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<PAGE> PAGE 2
010 C01AA02 LITTLE ROCK
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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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SIGNATURE ANN BONSTEEL
TITLE ASST. SECRETARY
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<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> ASSET ALLOCATION FUND
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<NAME> GROWTH FUND
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<SERIES>
<NUMBER> 03
<NAME> MONEY MARKET FUND
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<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> U.S. GOVERNMENT ALLOCATION FUND
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1998
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<SERIES>
<NUMBER> 05
<NAME> EQUITY VALUE FUND
<S> <C>
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<NAME> STRATEGIC GROWTH FUND
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