*See Note A in Notes to Financial Statements. -Non-Income-Producing Security.
(1)The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts.
After giving effect to futures investments, the fund's effective common stock and temporary cash investment
positions represent 100.0% and 0.4%, respectively, of net assets. See Note F in Notes to Financial Statements.
(2)Securities with an aggregate value of $10,675,000 have been segregated as initial margin for open futures
contracts.
ADR--American Depositary Receipt.
29
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AMOUNT PER
(000) SHARE
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AT DECEMBER 31, 1999, NET ASSETS CONSISTED OF:
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Paid in Capital--Note E $59,611,263 $ 77.09
Overdistributed Net
Investment Income (39,949) (.05)
Accumulated Net
Realized Losses--Note E (64,197) (.08)
Unrealized Appreciation--Note F
Investment Securities 45,141,995 58.37
Futures Contracts 3,214 --
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NET ASSETS $104,652,326 $135.33
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STATEMENT OF OPERATIONS
This Statement shows dividend and interest income earned by each fund during the reporting period, and details
the operating expenses charged to each class of its shares. These expenses directly reduce the amount of
investment income available to pay to shareholders as dividends. This Statement also shows any Net Gain (Loss)
realized on the sale of investments, and the increase or decrease in the Unrealized Appreciation (Depreciation) on
investments during the period. If a fund invested in futures contracts during the period,