<PAGE> PAGE 1
000 B000000 12/31/98
000 C000000 0000923185
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 OCC ACCUMULATION TRUST
001 B000000 811-8512
001 C000000 2125041651
002 A000000 TWO WORLD FINANCIAL CENTER
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10281
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 6
007 C010100 1
007 C020100 OCC AT EQUITY PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 OCC AT SMALL CAP PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 OCC AT MANAGED PORTFOLIO
007 C030300 N
007 C010400 4
007 C010500 5
007 C020500 OCC AT MONEY MARKET PORTFOLIO
007 C030500 Y
007 C010600 6
007 C020600 OCC AT US GOVT INC PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 OCC AT GLOBAL EQUITY PORTFOLIO
007 C030700 N
007 C010800 8
007 C020800 OCC AT MID CAP PORTFOLIO
007 C030800 N
007 C010900 9
007 C011000 10
008 A00AA01 OPCAP ADVISORS
008 B00AA01 A
008 C00AA01 801-27180
008 D01AA01 NEW YORK
008 D02AA01 NY
<PAGE> PAGE 2
008 D03AA01 10281
010 A00AA01 DELETE
012 A00AA01 STATE STREET BANK & TRUST CO.
012 B00AA01 85-05003
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02105
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
014 A00AA01 DELETE
015 A00AA01 STATE STREET BANK & TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02105
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 7
019 C00AA00 OCCACCUMTR
020 A000001 CIBC OPPENHEIMER CORP.
020 B000001 13-5614745
020 C000001 255
020 A000002 CS FIRST BOSTON CORP
020 B000002 13-5659485
020 C000002 91
020 A000003 JONES & ASSOCIATES
020 B000003 45-3583143
020 C000003 63
020 A000004 MORGAN STANLEY & CO., INC.
020 B000004 13-2655998
020 C000004 49
020 A000005 SMITH BARNEY, INC.
020 B000005 13-1912900
020 C000005 48
020 A000006 DONALDSON, LUFKIN, & JENRETTE
020 B000006 13-2741729
020 C000006 36
020 A000007 LEWCO SECURITIES
020 B000007 13-2765944
020 C000007 33
020 A000008 J.P. MORGAN INC.
020 B000008 13-3224016
020 C000008 32
020 A000009 JEFFRIES & COMPANY
020 B000009 95-2622900
020 C000009 32
020 A000010 WEEDEN & CO.
020 B000010 13-3364318
<PAGE> PAGE 3
020 C000010 30
021 000000 1226
022 A000001 FIRST CHICAGO CAPITAL CORP.
022 B000001 13-6919539
022 C000001 600142
022 D000001 22253
022 A000002 MERILL LYNCH PIERCE & FENNER
022 B000002 13-5674085
022 C000002 400136
022 D000002 37437
022 A000003 HSBC SECURITIES CORP.
022 B000003 13-2650272
022 C000003 360191
022 D000003 3809
022 A000004 JOHN DEERE CAPITAL CORP.
022 B000004 36-2382580
022 C000004 251912
022 D000004 18584
022 A000005 FORD MOTOR CREDIT CORP.
022 B000005 38-1612444
022 C000005 247146
022 D000005 19708
022 A000006 IBM CREDIT CORP.
022 B000006 22-2355192
022 C000006 204069
022 D000006 15075
022 A000007 CIBC OPPENHEIMER & CO.
022 B000007 13-5614745
022 C000007 187847
022 D000007 24508
022 A000008 AMERICAN EXPRESS FINANCIAL ADVISORS
022 B000008 41-0973005
022 C000008 207998
022 D000008 749
022 A000009 PRUDENTIAL SECURITIES CORP.
022 B000009 22-2347336
022 C000009 176189
022 D000009 8759
022 A000010 GENERAL ELECTRIC CAPITAL CORP.
022 B000010 13-1500700
022 C000010 153141
022 D000010 16484
023 C000000 3656754
023 D000000 471797
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
<PAGE> PAGE 4
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
<PAGE> PAGE 5
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 0
077 A000000 Y
077 B000000 Y
077 Q010000 Y
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE CO.
080 C00AA00 7525
081 A00AA00 Y
081 B00AA00 7
082 A00AA00 Y
082 B00AA00 50000
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
028 A010100 1801
028 A020100 0
028 A030100 0
028 A040100 853
028 B010100 2514
028 B020100 9
028 B030100 0
028 B040100 1364
028 C010100 3453
028 C020100 0
028 C030100 0
028 C040100 531
<PAGE> PAGE 6
028 D010100 2722
028 D020100 0
028 D030100 0
028 D040100 1099
028 E010100 2901
028 E020100 0
028 E030100 0
028 E040100 542
028 F010100 3286
028 F020100 0
028 F030100 0
028 F040100 788
028 G010100 16677
028 G020100 9
028 G030100 0
028 G040100 5177
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 400000
048 A020100 0.800
048 B010100 400000
048 B020100 0.750
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 800000
048 K020100 0.700
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
062 A000100 N
062 B000100 0.0
062 C000100 0.0
<PAGE> PAGE 7
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
<PAGE> PAGE 8
070 L020100 Y
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 21197
071 B000100 8645
071 C000100 30183
071 D000100 29
072 A000100 12
072 B000100 367
072 C000100 472
072 D000100 0
072 E000100 0
072 F000100 291
072 G000100 0
072 H000100 0
072 I000100 8
072 J000100 18
072 K000100 0
072 L000100 2
072 M000100 13
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 9
072 S000100 1
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 1
072 X000100 343
072 Y000100 0
072 Z000100 496
072AA000100 2270
072BB000100 0
072CC010100 1278
072CC020100 0
072DD010100 311
072DD020100 0
072EE000100 1345
073 A010100 0.3851
<PAGE> PAGE 9
073 A020100 0.0000
073 B000100 1.6611
073 C000100 0.0000
074 A000100 7
074 B000100 0
074 C000100 9029
074 D000100 0
074 E000100 0
074 F000100 41260
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 260
074 K000100 0
074 L000100 233
074 M000100 1
074 N000100 50790
074 O000100 2062
074 P000100 2
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 15
074 S000100 0
074 T000100 48711
074 U010100 1259
074 U020100 0
074 V010100 38.70
074 V020100 0.00
074 W000100 0.0000
074 X000100 7
074 Y000100 0
075 A000100 0
075 B000100 36402
076 000100 0.00
028 A010200 6126
028 A020200 0
028 A030200 0
028 A040200 1536
028 B010200 5609
028 B020200 0
028 B030200 0
028 B040200 1560
028 C010200 4586
028 C020200 0
028 C030200 0
028 C040200 1525
028 D010200 4442
028 D020200 0
028 D030200 0
<PAGE> PAGE 10
028 D040200 1486
028 E010200 4490
028 E020200 0
028 E030200 0
028 E040200 1475
028 F010200 3895
028 F020200 0
028 F030200 0
028 F040200 1193
028 G010200 29148
028 G020200 0
028 G030200 0
028 G040200 8775
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 400000
048 A020200 0.800
048 B010200 400000
048 B020200 0.750
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 800000
048 K020200 0.700
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 N
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
<PAGE> PAGE 11
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 Y
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
<PAGE> PAGE 12
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 112798
071 B000200 59425
071 C000200 115815
071 D000200 51
072 A000200 12
072 B000200 1184
072 C000200 986
072 D000200 0
072 E000200 0
072 F000200 1090
072 G000200 0
072 H000200 0
072 I000200 11
072 J000200 36
072 K000200 0
072 L000200 13
072 M000200 26
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 11
072 S000200 2
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 2
072 X000200 1191
072 Y000200 0
072 Z000200 979
072AA000200 0
072BB000200 1428
072CC010200 0
072CC020200 13508
072DD010200 398
072DD020200 0
072EE000200 4342
073 A010200 0.0864
073 A020200 0.0000
073 B000200 0.9436
073 C000200 0.0000
<PAGE> PAGE 13
074 A000200 2
074 B000200 0
074 C000200 19518
074 D000200 0
074 E000200 0
074 F000200 135800
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 443
074 K000200 0
074 L000200 203
074 M000200 2
074 N000200 155968
074 O000200 347
074 P000200 80
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 35
074 S000200 0
074 T000200 155506
074 U010200 6731
074 U020200 0
074 V010200 23.10
074 V020200 0.00
074 W000200 0.0000
074 X000200 11
074 Y000200 0
075 A000200 0
075 B000200 136219
076 000200 0.00
028 A010300 32956
028 A020300 0
028 A030300 0
028 A040300 6416
028 B010300 24742
028 B020300 405
028 B030300 0
028 B040300 5372
028 C010300 21429
028 C020300 0
028 C030300 0
028 C040300 6510
028 D010300 15082
028 D020300 0
028 D030300 0
028 D040300 10466
028 E010300 14464
028 E020300 0
<PAGE> PAGE 14
028 E030300 0
028 E040300 5409
028 F010300 18934
028 F020300 0
028 F030300 0
028 F040300 7779
028 G010300 127607
028 G020300 405
028 G030300 0
028 G040300 41952
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 400000
048 A020300 0.800
048 B010300 400000
048 B020300 0.750
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 800000
048 K020300 0.700
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 N
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
<PAGE> PAGE 15
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 N
066 E000300 Y
066 F000300 N
066 G000300 N
067 000300 Y
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
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 Y
070 J020300 N
070 K010300 N
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
<PAGE> PAGE 16
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 469808
071 B000300 192301
071 C000300 523718
071 D000300 37
072 A000300 12
072 B000300 7299
072 C000300 9559
072 D000300 0
072 E000300 0
072 F000300 5140
072 G000300 0
072 H000300 0
072 I000300 28
072 J000300 76
072 K000300 0
072 L000300 69
072 M000300 38
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 24
072 S000300 13
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 3
072 X000300 5391
072 Y000300 0
072 Z000300 11467
072AA000300 23588
072BB000300 0
072CC010300 0
072CC020300 186
072DD010300 4116
072DD020300 0
072EE000300 16508
073 A010300 0.3289
073 A020300 0.0000
073 B000300 1.3110
073 C000300 0.0000
074 A000300 8
074 B000300 0
074 C000300 139400
<PAGE> PAGE 17
074 D000300 1103
074 E000300 15553
074 F000300 618809
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 1709
074 K000300 0
074 L000300 821
074 M000300 5
074 N000300 777408
074 O000300 0
074 P000300 33
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 288
074 S000300 0
074 T000300 777087
074 U010300 17767
074 U020300 0
074 V010300 43.74
074 V020300 0.00
074 W000300 0.0000
074 X000300 11
074 Y000300 0
075 A000300 0
075 B000300 658732
076 000300 0.00
028 A010500 1092
028 A020500 7
028 A030500 0
028 A040500 99
028 B010500 510
028 B020500 12
028 B030500 0
028 B040500 294
028 C010500 2246
028 C020500 13
028 C030500 0
028 C040500 1076
028 D010500 911
028 D020500 16
028 D030500 0
028 D040500 2331
028 E010500 3
028 E020500 13
028 E030500 0
028 E040500 85
028 F010500 862
<PAGE> PAGE 18
028 F020500 0
028 F030500 0
028 F040500 3843
028 G010500 5624
028 G020500 61
028 G030500 0
028 G040500 7728
028 H000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.400
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 Y
053 B000500 Y
053 C000500 N
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
<PAGE> PAGE 19
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 0.0
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
<PAGE> PAGE 20
071 A000500 0
071 B000500 0
071 C000500 0
071 D000500 0
072 A000500 12
072 B000500 156
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 11
072 G000500 0
072 H000500 0
072 I000500 7
072 J000500 11
072 K000500 0
072 L000500 0
072 M000500 15
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 0
072 S000500 1
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 6
072 X000500 51
072 Y000500 22
072 Z000500 127
072AA000500 0
072BB000500 0
072CC010500 0
072CC020500 0
072DD010500 127
072DD020500 0
072EE000500 0
073 A010500 0.0435
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 0
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
<PAGE> PAGE 21
074 K000500 0
074 L000500 0
074 M000500 0
074 N000500 0
074 O000500 0
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 0
074 S000500 0
074 T000500 0
074 U010500 0
074 U020500 0
074 V010500 0.00
074 V020500 0.00
074 W000500 0.0000
074 X000500 0
074 Y000500 0
075 A000500 2901
075 B000500 0
076 000500 0.00
028 A010600 328
028 A020600 31
028 A030600 0
028 A040600 167
028 B010600 613
028 B020600 40
028 B030600 0
028 B040600 62
028 C010600 1070
028 C020600 34
028 C030600 0
028 C040600 911
028 D010600 370
028 D020600 33
028 D030600 0
028 D040600 165
028 E010600 1235
028 E020600 43
028 E030600 0
028 E040600 268
028 F010600 227
028 F020600 204
028 F030600 0
028 F040600 191
028 G010600 3843
028 G020600 385
028 G030600 0
028 G040600 1764
<PAGE> PAGE 22
028 H000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.600
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 Y
053 B000600 Y
053 C000600 N
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 50.1
062 N000600 46.7
062 O000600 0.0
062 P000600 2.2
062 Q000600 0.0
<PAGE> PAGE 23
062 R000600 0.0
063 A000600 0
063 B000600 11.1
064 A000600 N
064 B000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 N
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 N
070 J020600 N
070 K010600 N
070 K020600 N
070 L010600 N
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 9986
071 B000600 6536
071 C000600 8142
071 D000600 80
072 A000600 12
<PAGE> PAGE 24
072 B000600 495
072 C000600 0
072 D000600 0
072 E000600 0
072 F000600 50
072 G000600 0
072 H000600 0
072 I000600 7
072 J000600 19
072 K000600 0
072 L000600 1
072 M000600 12
072 N000600 0
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 8
072 S000600 0
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 2
072 X000600 99
072 Y000600 16
072 Z000600 412
072AA000600 151
072BB000600 0
072CC010600 90
072CC020600 0
072DD010600 412
072DD020600 0
072EE000600 149
073 A010600 0.5321
073 A020600 0.0000
073 B000600 0.1539
073 C000600 0.0000
074 A000600 1
074 B000600 0
074 C000600 0
074 D000600 10435
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 1
074 L000600 123
074 M000600 0
074 N000600 10560
074 O000600 0
<PAGE> PAGE 25
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 18
074 S000600 0
074 T000600 10542
074 U010600 989
074 U020600 0
074 V010600 10.66
074 V020600 0.00
074 W000600 0.0000
074 X000600 3
074 Y000600 0
075 A000600 0
075 B000600 8296
076 000600 0.00
028 A010700 1690
028 A020700 0
028 A030700 0
028 A040700 983
028 B010700 897
028 B020700 0
028 B030700 0
028 B040700 326
028 C010700 667
028 C020700 0
028 C030700 0
028 C040700 324
028 D010700 547
028 D020700 0
028 D030700 0
028 D040700 474
028 E010700 587
028 E020700 0
028 E030700 0
028 E040700 286
028 F010700 735
028 F020700 1699
028 F030700 0
028 F040700 402
028 G010700 5123
028 G020700 1699
028 G030700 0
028 G040700 2795
028 H000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.000
<PAGE> PAGE 26
048 A010700 400000
048 A020700 0.800
048 B010700 400000
048 B020700 0.750
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 800000
048 K020700 0.700
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 N
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
063 B000700 0.0
066 A000700 Y
066 B000700 N
066 C000700 Y
066 D000700 N
<PAGE> PAGE 27
066 E000700 N
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 Y
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 Y
070 K010700 N
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 Y
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 21623
071 B000700 16005
071 C000700 28881
071 D000700 55
072 A000700 12
072 B000700 134
072 C000700 458
072 D000700 0
<PAGE> PAGE 28
072 E000700 0
072 F000700 247
072 G000700 0
072 H000700 0
072 I000700 8
072 J000700 68
072 K000700 0
072 L000700 2
072 M000700 12
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 11
072 S000700 1
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 0
072 X000700 349
072 Y000700 0
072 Z000700 243
072AA000700 1298
072BB000700 0
072CC010700 1899
072CC020700 0
072DD010700 375
072DD020700 0
072EE000700 1324
073 A010700 0.1784
073 A020700 0.0000
073 B000700 0.6144
073 C000700 0.0000
074 A000700 6
074 B000700 0
074 C000700 2299
074 D000700 0
074 E000700 692
074 F000700 32092
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 12
074 K000700 0
074 L000700 57
074 M000700 0
074 N000700 35158
074 O000700 359
074 P000700 2
074 Q000700 0
074 R010700 0
<PAGE> PAGE 29
074 R020700 0
074 R030700 0
074 R040700 20
074 S000700 0
074 T000700 34777
074 U010700 2254
074 U020700 0
074 V010700 15.43
074 V020700 0.00
074 W000700 0.0000
074 X000700 2
074 Y000700 0
075 A000700 0
075 B000700 30893
076 000700 0.00
028 A010800 91
028 A020800 0
028 A030800 0
028 A040800 0
028 B010800 113
028 B020800 0
028 B030800 0
028 B040800 0
028 C010800 136
028 C020800 0
028 C030800 0
028 C040800 0
028 D010800 189
028 D020800 0
028 D030800 0
028 D040800 0
028 E010800 138
028 E020800 0
028 E030800 0
028 E040800 13
028 F010800 149
028 F020800 4
028 F030800 0
028 F040800 169
028 G010800 816
028 G020800 4
028 G030800 0
028 G040800 182
028 H000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.000
048 A010800 400000
048 A020800 0.800
048 B010800 400000
<PAGE> PAGE 30
048 B020800 0.750
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 800000
048 K020800 0.700
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 Y
053 B000800 Y
053 C000800 N
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 0
063 B000800 0.0
066 A000800 Y
066 B000800 N
066 C000800 Y
066 D000800 N
066 E000800 N
<PAGE> PAGE 31
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 N
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 N
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 2298
071 B000800 465
071 C000800 1218
071 D000800 38
072 A000800 11
072 B000800 8
072 C000800 13
072 D000800 0
072 E000800 0
<PAGE> PAGE 32
072 F000800 9
072 G000800 0
072 H000800 0
072 I000800 6
072 J000800 13
072 K000800 0
072 L000800 12
072 M000800 0
072 N000800 0
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 9
072 S000800 0
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 1
072 X000800 50
072 Y000800 38
072 Z000800 9
072AA000800 0
072BB000800 8
072CC010800 10
072CC020800 0
072DD010800 9
072DD020800 0
072EE000800 0
073 A010800 0.0479
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 14
074 B000800 0
074 C000800 45
074 D000800 0
074 E000800 0
074 F000800 1835
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 2
074 L000800 1
074 M000800 0
074 N000800 1897
074 O000800 0
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
<PAGE> PAGE 33
074 R030800 0
074 R040800 12
074 S000800 0
074 T000800 1885
074 U010800 193
074 U020800 0
074 V010800 9.79
074 V020800 0.00
074 W000800 0.0000
074 X000800 2
074 Y000800 0
075 A000800 0
075 B000800 1326
076 000800 0.00
SIGNATURE RICHARD PETEKA
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
OCC Accumulation Trust Equity Portfolio Annual Report for the year ended
December 31, 1998.
</LEGEND>
<CIK> 0000923185
<NAME> OCC ACCUMULATION TRUST
<SERIES>
<NUMBER> 1
<NAME> EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 41093552
<INVESTMENTS-AT-VALUE> 50289043
<RECEIVABLES> 492973
<ASSETS-OTHER> 7960
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 50789976
<PAYABLE-FOR-SECURITIES> 2062276
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16989
<TOTAL-LIABILITIES> 2079265
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36758448
<SHARES-COMMON-STOCK> 1258763
<SHARES-COMMON-PRIOR> 789233
<ACCUMULATED-NII-CURRENT> 496362
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2260410
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9195491
<NET-ASSETS> 48710711
<DIVIDEND-INCOME> 471848
<INTEREST-INCOME> 367387
<OTHER-INCOME> 0
<EXPENSES-NET> 342873<F1>
<NET-INVESTMENT-INCOME> 496362
<REALIZED-GAINS-CURRENT> 2269575
<APPREC-INCREASE-CURRENT> 1277757
<NET-CHANGE-FROM-OPS> 4043694
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (311417)
<DISTRIBUTIONS-OF-GAINS> (1344997)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 673182
<NUMBER-OF-SHARES-REDEEMED> (248628)
<SHARES-REINVESTED> 44976
<NET-CHANGE-IN-ASSETS> 19890733
<ACCUMULATED-NII-PRIOR> 311417
<ACCUMULATED-GAINS-PRIOR> 1335832
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 291218
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 343701
<AVERAGE-NET-ASSETS> 36402283
<PER-SHARE-NAV-BEGIN> 36.52
<PER-SHARE-NII> .39
<PER-SHARE-GAIN-APPREC> 3.84
<PER-SHARE-DIVIDEND> (.39)
<PER-SHARE-DISTRIBUTIONS> (1.66)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 38.70
<EXPENSE-RATIO> .94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Net of expenses offset of $828.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
OCC Accumulation Trust Midcap Portfolio Annual Report for the period February 9,
1998 (commencement of operations) to December 31, 1998.
</LEGEND>
<CIK> 0000923185
<NAME> OCC ACCUMULATION TRUST
<SERIES>
<NUMBER> 8
<NAME> MIDCAP PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> FEB-09-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 1869301
<INVESTMENTS-AT-VALUE> 1879822
<RECEIVABLES> 3553
<ASSETS-OTHER> 13596
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1896971
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11947
<TOTAL-LIABILITIES> 11947
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1882922
<SHARES-COMMON-STOCK> 192501
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8419)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10521
<NET-ASSETS> 1885024
<DIVIDEND-INCOME> 13300
<INTEREST-INCOME> 7738
<OTHER-INCOME> 0
<EXPENSES-NET> 11842<F2>
<NET-INVESTMENT-INCOME> 9196
<REALIZED-GAINS-CURRENT> (8419)
<APPREC-INCREASE-CURRENT> 10521
<NET-CHANGE-FROM-OPS> 11298
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9196)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 211535
<NUMBER-OF-SHARES-REDEEMED> (19485)
<SHARES-REINVESTED> 451
<NET-CHANGE-IN-ASSETS> 1885024
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 9473
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 50732
<AVERAGE-NET-ASSETS> 1325812
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> (.21)
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.79
<EXPENSE-RATIO> 1.05
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Portfolio commenced operations on February 9, 1998
<F2>Net of expenses offset of $583 and investment advisory fee waived and expenses
assumed of $38,307.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
OCC Accumulation Trust Smallcap Portfolio Annual Report for the year ended
December 31, 1998.
</LEGEND>
<CIK> 0000923185
<NAME> OCC ACCUMULATION TRUST
<SERIES>
<NUMBER> 2
<NAME> SMALLCAP PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 159194386
<INVESTMENTS-AT-VALUE> 155317874
<RECEIVABLES> 646342
<ASSETS-OTHER> 3654
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 155967870
<PAYABLE-FOR-SECURITIES> 347492
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 114444
<TOTAL-LIABILITIES> 461936
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 159841143
<SHARES-COMMON-STOCK> 6731406
<SHARES-COMMON-PRIOR> 4192273
<ACCUMULATED-NII-CURRENT> 978615
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1437312)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (3876512)
<NET-ASSETS> 155505934
<DIVIDEND-INCOME> 985845
<INTEREST-INCOME> 1183857
<OTHER-INCOME> 0
<EXPENSES-NET> (1191083)<F1>
<NET-INVESTMENT-INCOME> 978619
<REALIZED-GAINS-CURRENT> (1428318)
<APPREC-INCREASE-CURRENT> (13507408)
<NET-CHANGE-FROM-OPS> (13957107)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (397659)
<DISTRIBUTIONS-OF-GAINS> (4342119)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3039039
<NUMBER-OF-SHARES-REDEEMED> (677160)
<SHARES-REINVESTED> 177254
<NET-CHANGE-IN-ASSETS> 44941428
<ACCUMULATED-NII-PRIOR> 397655
<ACCUMULATED-GAINS-PRIOR> 4333125
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1089755
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1192052
<AVERAGE-NET-ASSETS> 136219417
<PER-SHARE-NAV-BEGIN> 26.37
<PER-SHARE-NII> .14
<PER-SHARE-GAIN-APPREC> (2.38)
<PER-SHARE-DIVIDEND> (.09)
<PER-SHARE-DISTRIBUTIONS> (.94)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.10
<EXPENSE-RATIO> .88
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Net of expenses offset of $969.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
OCC Accumulation Trust Managed Portfolio Annual Report for year ended December
31, 1998.
</LEGEND>
<CIK> 0000923185
<NAME> OCC ACCUMULATION TRUST
<SERIES>
<NUMBER> 3
<NAME> MANAGED PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 702880428
<INVESTMENTS-AT-VALUE> 774865417
<RECEIVABLES> 2529418
<ASSETS-OTHER> 13119
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 777407954
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 320831
<TOTAL-LIABILITIES> 320831
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 670452427
<SHARES-COMMON-STOCK> 17766949
<SHARES-COMMON-PRIOR> 11014702
<ACCUMULATED-NII-CURRENT> 11467176
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 23182531
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 71984989
<NET-ASSETS> 777087123
<DIVIDEND-INCOME> 9559315
<INTEREST-INCOME> 7298976
<OTHER-INCOME> 0
<EXPENSES-NET> (5391107)<F1>
<NET-INVESTMENT-INCOME> 11467184
<REALIZED-GAINS-CURRENT> 23587489
<APPREC-INCREASE-CURRENT> (185933)
<NET-CHANGE-FROM-OPS> 34868740
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4115649)
<DISTRIBUTIONS-OF-GAINS> (16508556)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7796148
<NUMBER-OF-SHARES-REDEEMED> (1520543)
<SHARES-REINVESTED> 476642
<NET-CHANGE-IN-ASSETS> 310295899
<ACCUMULATED-NII-PRIOR> 4115641
<ACCUMULATED-GAINS-PRIOR> 16103598
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5140492
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5393598
<AVERAGE-NET-ASSETS> 658732358
<PER-SHARE-NAV-BEGIN> 42.38
<PER-SHARE-NII> .60
<PER-SHARE-GAIN-APPREC> 2.40
<PER-SHARE-DIVIDEND> (.33)
<PER-SHARE-DISTRIBUTIONS> (1.31)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 43.74
<EXPENSE-RATIO> .82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Net of expenses offset of $2,491.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
OCC Accumulation Trust U.S. Government Income Portfolio Annual Report for the year ended
December 31, 1998.
</LEGEND>
<CIK> 0000923185
<NAME> OCC ACCUMULATION TRUST
<SERIES>
<NUMBER> 6
<NAME> U.S. GOVERNMENT INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 10205169
<INVESTMENTS-AT-VALUE> 10434707
<RECEIVABLES> 123817
<ASSETS-OTHER> 1199
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 10559723
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 17761
<TOTAL-LIABILITIES> 17761
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10313006
<SHARES-COMMON-STOCK> 989297
<SHARES-COMMON-PRIOR> 664374
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (582)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 229538
<NET-ASSETS> 10541962
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 494514
<OTHER-INCOME> 0
<EXPENSES-NET> 82958<F1>
<NET-INVESTMENT-INCOME> 411556
<REALIZED-GAINS-CURRENT> 151330
<APPREC-INCREASE-CURRENT> 89811
<NET-CHANGE-FROM-OPS> 652697
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (411556)
<DISTRIBUTIONS-OF-GAINS> (149402)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 535354
<NUMBER-OF-SHARES-REDEEMED> (263013)
<SHARES-REINVESTED> 52582
<NET-CHANGE-IN-ASSETS> 3558687
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (2510)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 49774
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 99250
<AVERAGE-NET-ASSETS> 8295751
<PER-SHARE-NAV-BEGIN> 10.51
<PER-SHARE-NII> .53
<PER-SHARE-GAIN-APPREC> .31
<PER-SHARE-DIVIDEND> (.53)
<PER-SHARE-DISTRIBUTIONS> (.16)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.66
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Net of expenses offset of $265 and Investment Advisory fee waived of $16,027.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
OCC Accumulation Trust Money Market Portfolio for the period January 1, 1998
to December 21, 1998.
</LEGEND>
<CIK> 0000923185
<NAME> OCC ACCUMULATION TRUST
<SERIES>
<NUMBER> 5
<NAME> MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-21-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 9
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 2166257
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0<F1>
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 155659
<OTHER-INCOME> 0
<EXPENSES-NET> 28540<F2>
<NET-INVESTMENT-INCOME> 127119
<REALIZED-GAINS-CURRENT> (128)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 126991
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (127119)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6662262
<NUMBER-OF-SHARES-REDEEMED> (8945151)
<SHARES-REINVESTED> 116632
<NET-CHANGE-IN-ASSETS> (2166067)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (191)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11416
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 50734
<AVERAGE-NET-ASSETS> 2934392
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.04)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>There was an order of substition where all assets were redeemed on December 21,
1998 and subsequently subscribed with the MONY Series Money Market Portfolio.
<F2>Net of expenses offset of $226 and investment advisory fees waived and expenses
assumed of $22,195.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
OCC Accumulation Trust - Global Equity Portfolio Annual Report for the year
ended December 31, 1998.
</LEGEND>
<CIK> 0000923185
<NAME> OCC ACCUMULATION TRUST
<SERIES>
<NUMBER> 7
<NAME> GLOBAL EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 30366537
<INVESTMENTS-AT-VALUE> 35083118
<RECEIVABLES> 68539
<ASSETS-OTHER> 6360
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 35158017
<PAYABLE-FOR-SECURITIES> 358459
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 22366
<TOTAL-LIABILITIES> 380825
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 30263170
<SHARES-COMMON-STOCK> 2254352
<SHARES-COMMON-PRIOR> 1806526
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (121949)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (86246)
<ACCUM-APPREC-OR-DEPREC> 4722217
<NET-ASSETS> 34777192
<DIVIDEND-INCOME> 457874
<INTEREST-INCOME> 134072
<OTHER-INCOME> 0
<EXPENSES-NET> 349414<F1>
<NET-INVESTMENT-INCOME> 242532
<REALIZED-GAINS-CURRENT> 1297537
<APPREC-INCREASE-CURRENT> 1899363
<NET-CHANGE-FROM-OPS> 3439432
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (375199)
<DISTRIBUTIONS-OF-GAINS> (1323870)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 692242
<NUMBER-OF-SHARES-REDEEMED> (354531)
<SHARES-REINVESTED> 110115
<NET-CHANGE-IN-ASSETS> 8903564
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2822854
<OVERDISTRIB-NII-PRIOR> (49195)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 247144
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 350257
<AVERAGE-NET-ASSETS> 30893014
<PER-SHARE-NAV-BEGIN> 14.32
<PER-SHARE-NII> .12
<PER-SHARE-GAIN-APPREC> 1.78
<PER-SHARE-DIVIDEND> (.18)
<PER-SHARE-DISTRIBUTIONS> (.61)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.43
<EXPENSE-RATIO> 1.13
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Net of expenses offset of $843.
</FN>
</TABLE>
Report of Independent Accountants
To the Shareholders and Trustees of
OCC Accumulation Trust
In planning and performing our audit of the financial statements of OCC
Accumulation Trust (the "Trust") for the year ended December 31, 1998, we
considered its internal control, including control activities for
safeguarding securities, in order to determine our auditing procedures for
the purpose of expressing our opinion on the financial statements and to
comply with the requirements of Form N-SAR, not to provide assurance on
internal control.
The management of the Trust is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments
by management are required to assess the expected benefits and related cost
s of controls. Generally, controls that are relevant to an audit pertain to
the entity's objective of preparing financial statements for external
purposes that are fairly presented in conformity with generally accepted
accounting principles. Those controls include the safeguarding of assets
against unauthorized acquisition, use or disposition. Because of inherent
limitations in internal control, errors or fraud may occur and not be
detected. Also, projection of any evaluation of internal control to future
periods is subject to the risk that it may become inadequate because of
changes in conditions or that the effectiveness of the design and operation
may deteriorate.
Our consideration of internal control would not necessarily disclose all
matters in internal control that might be material weaknesses under standards
established by the American Institute or Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or
more of the internal control components does not reduce to a relatively low
level the risk that misstatements caused by error or fraud in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving internal control and its operation, including controls for
safeguarding securities, that we consider to be material weaknesses as
defined above as December 31, 1998.
This report is intended solely for the information and use of management and
the Trustees of the Trust and the Securities and Exchange Commission.
PricewaterhouseCoopers LLP
New York, New York
February 12, 1999
To the Shareholders and Trustees of
OCC Accumulation Trust
C:\temp\ria_occa.doc 2/15/99 3:24:21 PM fj
C:\temp\ria_occa.doc 2/15/99 3:24:21 PM fj
