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<PAGE> PAGE 7
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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 16
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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 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 35
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<TABLE> <S> <C>
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<NUMBER> 031
<NAME> ESC STRATEGIC FUNDS, INCOME FUND, CLASS A
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<S> <C>
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</TABLE>
<TABLE> <S> <C>
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<SERIES>
<NUMBER> 032
<NAME> ESC STRATEGIC FUNDS, INCOME FUND, CLASS D
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<S> <C>
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</TABLE>
<TABLE> <S> <C>
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<SERIES>
<NUMBER> 041
<NAME> ESC STRATEGIC FUNDS, SMALL CAP FUND, CLASS A
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<S> <C>
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</TABLE>
<TABLE> <S> <C>
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<SERIES>
<NUMBER> 042
<NAME> ESC STRATEGIC FUNDS, SMALL CAP FUND, CLASS D
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<S> <C>
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</TABLE>
<TABLE> <S> <C>
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<SERIES>
<NUMBER> 051
<NAME> ESC STRATEGIC FUNDS, APPRECIATION FUNDS, CLASS A
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<S> <C>
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</TABLE>
<TABLE> <S> <C>
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<NUMBER> 052
<NAME> ESC STRATEGIC FUNDS, APPRECIATION FUND, CLASS D
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</TABLE>
<TABLE> <S> <C>
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<SERIES>
<NUMBER> 061
<NAME> ESC STRATEGIC FUNDS, GROWTH FUND, CLASS A
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</TABLE>
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<NUMBER> 062
<NAME> ESC STRATEGIC FUNDS, GROWTH FUND, CLASS D
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</TABLE>
