<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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070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 N
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 N
070 L020300 N
070 M010300 N
<PAGE> PAGE 22
070 M020300 N
070 N010300 N
070 N020300 N
070 O010300 N
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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066 A000400 N
067 000400 N
068 A000400 N
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070 A010400 N
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070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
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070 N020400 N
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070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
<PAGE> PAGE 25
070 Q020400 N
070 R010400 N
070 R020400 N
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<PAGE> PAGE 26
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<PAGE> PAGE 27
028 G020400 0
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066 A000400 N
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070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
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070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 Y
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070 M020400 N
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070 N020400 N
070 O010400 N
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
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<PAGE> PAGE 28
072 C000400 0
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<PAGE> PAGE 29
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<PAGE> PAGE 30
069 000500 N
070 A010500 N
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070 G020500 N
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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
SIGNATURE ALFRED C. SYLVAIN
TITLE VICE PRESIDENT
[ARTICLE] 6
[CIK] 0000000000
[NAME] SHORT SAF
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1998
[PERIOD-END] JUN-30-1998
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[NET-INVESTMENT-INCOME] (14402)
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[ACCUMULATED-NII-PRIOR] 0
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</TABLE>
[ARTICLE] 6
[CIK] 0000000000
[NAME] SAF SHORT INTERMEDIATE
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
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[OTHER-ITEMS-LIABILITIES] 1175
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[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 31289
[ACCUM-APPREC-OR-DEPREC] 220291
[NET-ASSETS] 7309795
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[EXPENSES-NET] 5397
[NET-INVESTMENT-INCOME] (5397)
[REALIZED-GAINS-CURRENT] (2433)
[APPREC-INCREASE-CURRENT] 183181
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[EQUALIZATION] 0
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[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 370461
[NUMBER-OF-SHARES-REDEEMED] 29316
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 3652483
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[OVERDIST-NET-GAINS-PRIOR] 28856
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[AVERAGE-NET-ASSETS] 5461449
[PER-SHARE-NAV-BEGIN] 10.04
[PER-SHARE-NII] (.01)
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[EXPENSE-RATIO] .20
</TABLE>
[ARTICLE] 6
[CIK] 0000000000
[NAME] SHORT INTERMEDIATE HORIZON STRATEGIC ALLOCATION FUND
[SERIES]
[NUMBER] 2
[NAME]
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 11514326
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[ASSETS-OTHER] 51
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[OTHER-ITEMS-LIABILITIES] 2254
[TOTAL-LIABILITIES] 2254
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 11296990
[SHARES-COMMON-STOCK] 951194
[SHARES-COMMON-PRIOR] 695501
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (26281)
[ACCUMULATED-NET-GAINS] 241414
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1236437
[NET-ASSETS] 12748560
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[INTEREST-INCOME] 0
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[EXPENSES-NET] 10923
[NET-INVESTMENT-INCOME] (10923)
[REALIZED-GAINS-CURRENT] 41412
[APPREC-INCREASE-CURRENT] 582163
[NET-CHANGE-FROM-OPS] 612652
[EQUALIZATION] 0
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[DISTRIBUTIONS-OF-GAINS] 0
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[NUMBER-OF-SHARES-SOLD] 353376
[NUMBER-OF-SHARES-REDEEMED] 97683
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 3927947
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 200002
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[AVERAGE-NET-ASSETS] 11034889
[PER-SHARE-NAV-BEGIN] 12.68
[PER-SHARE-NII] (.01)
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[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 13.40
[EXPENSE-RATIO] .20
</TABLE>
[ARTICLE] 6
[CIK] 0000000000
[NAME] INTERMEDIATE/LONG SAF
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
[INVESTMENTS-AT-COST] 88899724
[INVESTMENTS-AT-VALUE] 99596437
[RECEIVABLES] 0
[ASSETS-OTHER] 1933
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 99598370
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 18043
[TOTAL-LIABILITIES] 18043
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 88840667
[SHARES-COMMON-STOCK] 7457475
[SHARES-COMMON-PRIOR] 5089901
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 88305
[ACCUMULATED-NET-GAINS] 131252
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 10696713
[NET-ASSETS] 99580327
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</TABLE>
[ARTICLE] 6
[CIK] 0000000000
[NAME] LONG SAF
[MULTIPLIER] 1
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1999
[PERIOD-END] JUN-30-1999
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[NET-INVESTMENT-INCOME] (15571)
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[EXPENSE-RATIO] .20
</TABLE>
