<PAGE> PAGE 1
000 A000000 06/30/99
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002 A000000 2801 HIGHWAY 280 SOUTH
002 B000000 BIRMINGHAM
002 C000000 AL
002 D010000 35202
003 000000 N
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006 000000 N
007 A000000 Y
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007 C010100 1
007 C020100 GLOBAL INCOME FUND
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007 C020200 INTERNATIONAL EQUITY FUND
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007 C010300 3
007 C020300 GROWTH AND INCOME FUND
007 C030300 N
007 C010400 4
007 C020400 CORE US EQUITY FUND
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007 C010500 5
007 C020500 SMALL CAP VALUE FUND
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007 C020600 MONEY MARKET FUND
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008 A00AA01 PROTECTIVE INVESTMENT ADVISORS, INC.
008 B00AA01 A
008 C00AA01 801-45890
008 D01AA01 BIRMINGHAM
008 D02AA01 AL
<PAGE> PAGE 2
008 D03AA01 35202
008 A00AA02 GOLDMAN SACHS ASSET MANAGEMENT
008 B00AA02 S
008 C00AA02 801-16048
008 D01AA02 NEW YORK
008 D02AA02 NY
008 D03AA02 10005
008 A00AA03 GOLDMAN SACHS ASSET MANAGEMENT INTERNATIONAL
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008 D01AA03 LONDON
008 D05AA03 ENGLAND
008 D06AA03 EC4A2BJ
010 A00AA01 PROTECTIVE INVESTMENT ADVISORS, INC.
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010 C01AA01 BIRMINGHAM
010 C02AA01 AL
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011 A00AA01 INVESTMENT DISTRIBUTORS,INC.
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011 C01AA01 BIRMINGHAM
011 C02AA01 AL
011 C03AA01 35202
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
012 B00AA01 85-05003
012 C01AA01 NORTH QUINCY
012 C02AA01 MA
012 C03AA01 02171
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 GOLDMAN SACHS AND CO.
014 B00AA01 8-0116048
014 A00AA02 GOLDMAN SACHS INTERNATIONAL
014 B00AA02 8-0138157
014 A00AA03 PROEQUITIES
014 B00AA03 8-23590
014 A00AA04 INVESTMENT DISTRIBUTORS, INC.
014 B00AA04 8-46802
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
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015 C02AA01 MA
015 C03AA01 02171
015 E01AA01 X
015 A00AA02 CITIBANK, N.A.
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
<PAGE> PAGE 3
015 A00AA03 WESTPAC BANKING CORPORATION
015 B00AA03 S
015 C01AA03 SYDNEY
015 D01AA03 AUSTRALIA
015 E04AA03 X
015 A00AA04 ERSTE BANK DER OESTRREICHISCHEN SPARKASSEN
015 B00AA04 S
015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
015 E04AA04 X
015 A00AA05 BANCO BOLIVIANO AMEROCANO S.A.
015 B00AA05 S
015 C01AA05 LA PAZ
015 D01AA05 BOLIVIA
015 E04AA05 X
015 A00AA06 GENERALE DE BANQUE
015 B00AA06 S
015 C01AA06 BRUSSELS
015 D01AA06 BELGIUM
015 E04AA06 X
015 A00AA07 THE HONGKONG AND SHANGHAI BANKING CORP LTD.
015 B00AA07 S
015 C01AA07 HANOI
015 D01AA07 VIETNAM
015 E04AA07 X
015 A00AA08 STATE STREET TRUST COMPANY CANADA
015 B00AA08 S
015 C01AA08 TORONTO
015 D01AA08 CANADA
015 E04AA08 X
015 A00AA09 STANDARD BANK OF SWAZILAND LTD.
015 B00AA09 S
015 C01AA09 MBABANE
015 D01AA09 SWAZILAND
015 E04AA09 X
015 A00AA10 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B00AA10 S
015 C01AA10 SHANGHAI
015 D01AA10 CHINA
015 E04AA10 X
015 A00AA11 CESKOSLOVENSKA OBCHODI BANKA A.S.
015 B00AA11 S
015 C01AA11 PRAGUE
015 D01AA11 CZECH REPUBLIC
015 E04AA11 X
015 A00AA12 CITIBANK, N.A.
015 B00AA12 S
015 C01AA12 SANTIAGO
015 D01AA12 CHILE
015 E04AA12 X
015 A00AA13 DEN DANSKE BANK
<PAGE> PAGE 4
015 B00AA13 S
015 C01AA13 COPENHAGEN
015 D01AA13 DENMARK
015 E04AA13 X
015 A00AA14 MERITA BANK LTD.
015 B00AA14 S
015 C01AA14 HELSINKI
015 D01AA14 FINLAND
015 E04AA14 X
015 A00AA15 PARIBUS, S.A.
015 B00AA15 S
015 C01AA15 PARIS
015 D01AA15 FRANCE
015 E04AA15 X
015 A00AA16 DRESDNER BANK AG
015 B00AA16 S
015 C01AA16 FRANKFURT
015 D01AA16 GERMANY
015 E04AA16 X
015 A00AA17 NATIONAL BANK OF GREECE, S.A.
015 B00AA17 S
015 C01AA17 ATHENS
015 D01AA17 GREECE
015 E04AA17 X
015 A00AA18 STANDARD CHARTERED BANK
015 B00AA18 S
015 C01AA18 HONG KONG
015 D01AA18 HONG KONG
015 E04AA18 X
015 A00AA19 CITIBANK BUDAPEST RT.
015 B00AA19 S
015 C01AA19 BUDAPEST
015 D01AA19 HUNGARY
015 E04AA19 X
015 A00AA20 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B00AA20 S
015 C01AA20 SHANGHAI
015 D01AA20 CHINA
015 E04AA20 X
015 A00AA21 STANDARD CHARTERED BANK
015 B00AA21 S
015 C01AA21 JAKARTA
015 D01AA21 INDONESIA
015 E04AA21 X
015 A00AA22 BANK OF IRELAND
015 B00AA22 S
015 C01AA22 DUBLIN
015 D01AA22 IRELAND
015 E04AA22 X
015 A00AA23 BANK OF HAPOALIM B.M.
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<PAGE> PAGE 5
015 C01AA23 TEL AVIV
015 D01AA23 ISRAEL
015 E04AA23 X
015 A00AA24 PARIBAS, S.A.
015 B00AA24 S
015 C01AA24 MILAN
015 D01AA24 ITALY
015 E04AA24 X
015 A00AA25 THE FUJI BANK, LTD.
015 B00AA25 S
015 C01AA25 TOKYO
015 D01AA25 JAPAN
015 E04AA25 X
015 A00AA26 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B00AA26 S
015 C01AA26 SEOUL
015 D01AA26 KOREA
015 E04AA26 X
015 A00AA27 STANDARD CHARTERED BANK
015 B00AA27 S
015 C01AA27 LUMPER
015 D01AA27 MALAYSIA
015 E04AA27 X
015 A00AA28 CITIBANK MEXICO, S.A.
015 B00AA28 S
015 C01AA28 MEXICO CITY
015 D01AA28 MEXICO
015 E04AA28 X
015 A00AA29 MEESPIERSON N.V.
015 B00AA29 S
015 C01AA29 AMSTERDAM
015 D01AA29 THE NETHERLANDS
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015 D01AA30 COLOMBIA
015 E04AA30 X
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015 C01AA31 OSLO
015 D01AA31 NORWAY
015 E04AA31 X
015 A00AA32 THE CYPRUS POPULAR BANK, LTD.
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015 A00AA33 CITIBANK, N.A.
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<PAGE> PAGE 6
015 D01AA33 PERU
015 E04AA33 X
015 A00AA34 STANDARD CHARTERED BANK
015 B00AA34 S
015 C01AA34 MANILA
015 D01AA34 PHILIPPINES
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015 C01AA35 LISBON
015 D01AA35 PORTUGAL
015 E04AA35 X
015 A00AA36 THE DEVELOPMENT BANK OF SINGAPORE LTED.
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015 C01AA36 SINGAPORE
015 D01AA36 SINGAPORE
015 E04AA36 X
015 A00AA37 BANCO SANTANDER, S.A.
015 B00AA37 S
015 C01AA37 MADRID
015 D01AA37 SPAIN
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015 A00AA38 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B00AA38 S
015 C01AA38 COLOMBO
015 D01AA38 SRI LANKA
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015 A00AA39 SKANDINAVISKA ENSKILDA BANKEN
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015 D01AA39 SWEDEN
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015 C01AA41 TAIPEI
015 D01AA41 TAIWAN
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015 A00AA42 STANDARD CHARTERED BANK
015 B00AA42 S
015 C01AA42 BANGKOK
015 D01AA42 THAILAND
015 E04AA42 X
015 A00AA43 CITIBANK, N.A.
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015 D01AA43 TURKEY
<PAGE> PAGE 7
015 E04AA43 X
015 A00AA44 STATE STREET BANK & TRUST CO.
015 B00AA44 S
015 C01AA44 LONDON
015 D01AA44 UNITED KINGDOM
015 E04AA44 X
015 A00AA45 CITIBANK, N.A.
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015 A00AA46 EGYPTIAN BRITISH BANK
015 B00AA46 S
015 C01AA46 CAIRO
015 D01AA46 EGYPT
015 E04AA46 X
015 A00AA47 BARCLAYS BANK OF GHANA LTD.
015 B00AA47 S
015 C01AA47 ACCRA
015 D01AA47 GHANA
015 E04AA47 X
015 A00AA48 DEUTSCHE BANK AG
015 B00AA48 S
015 C01AA48 BOMBAY
015 D01AA48 INDIA
015 E04AA48 X
015 A00AA49 SOCIETE GENERALE DE BANQUES EN COTE D IVOIRE
015 B00AA49 S
015 C01AA49 ABIDJAN
015 D01AA49 IVORY COAST
015 E04AA49 X
015 A00AA50 BRITISH BANK OF THE MIDDLE EAST
015 B00AA50 S
015 C01AA50 GAZA
015 D01AA50 PALESTINE
015 E04AA50 X
015 A00AA51 SCOTIABANK JAMAICA TRUST AND MERCHANT BANK
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015 C01AA51 KINGSTON
015 D01AA51 JAMAICA
015 E04AA51 X
015 A00AA52 BRITISH BANK OF THE MIDDLE EAST
015 B00AA52 S
015 C01AA52 AMMAN
015 D01AA52 JORDAN
015 E04AA52 X
015 A00AA53 BARCLAYS BANK OF KENYA LTD.
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015 C01AA53 NAIROBI
015 D01AA53 KENYA
015 E04AA53 X
<PAGE> PAGE 8
015 A00AA54 THE HONGKONG AND SHANGHAI BANKING CORP LTD.
015 B00AA54 S
015 C01AA54 PORT LOUIS
015 D01AA54 MAAURITIUS
015 E04AA54 X
015 A00AA55 BARCLAYS BANK OF ZAMBIA LTD.
015 B00AA55 S
015 C01AA55 LUSAKA
015 D01AA55 ZAMBIA
015 E04AA55 X
015 A00AA56 STANDARD CORPORATE & MERCHANT BANK
015 B00AA56 S
015 C01AA56 JOHANNESBURG
015 D01AA56 SOUTH AFRICA
015 E04AA56 X
015 A00AA57 BANQUE COMMERCIALE DO MAROC
015 B00AA57 S
015 C01AA57 CASABLANCA
015 D01AA57 MOROCCO
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015 C01AA58 WELLINGTON
015 D01AA58 NEW ZEALAND
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015 A00AA59 CESKOSLOVENSKA OBCHODNI BANKA A.S. BRATISLAVA
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<PAGE> PAGE 9
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015 A00AA66 CITIBANK, N.A.
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015 A00AA68 BRITISH BANK OF THE MIDDLE EAST
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015 A00AA69 STANDARD CHARTERED BANK
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015 A00AA71 BARCLAYS BANK OF BOTSWANA LTD.
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015 A00AA72 ING BANK, N.V.
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<PAGE> PAGE 10
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015 D01AA74 ESTONIA
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015 A00AA75 ICEBANK LTD.
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015 C01AA75 REEYJAVIK
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015 E04AA75 X
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015 C01AA76 RIGA
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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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025 A000701 STATE STREET BANK AND TRUST CO.
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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SIGNATURE JENNIFER PIDERIT
TITLE MANAGER OF FUND ADMI
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<NAME> PROTECTIVE INVESTMENT COMPANY
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<NAME> PROTECTIVE INVESTMENT COMPANY
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000914757
<NAME> PROTECTIVE INVETSMENT COMPANY
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
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<NAME> PROTECTIVE INVESTMENT COMPANY
<SERIES>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000914757
<NAME> PROTECTIVE INVESTMENT COMPANY
<SERIES>
<NUMBER> 7
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</TABLE>
