Corporate Bonds - 59.90%

U.S. Agency Obligations - 21.28%

Municipal Obligations -16.26%

Other assets in excess of liabilities - 1.57%

Money Market Securities - 0.99%

Large-Cap Equity Securities - 65.17%

Mid-Cap Equity Securities - 31.16%

Other assets in excess of liabilities - 2.38%

Small-Cap Equity Securities - 0.80%

Money Market Securities - 0.49%

(a) Variable rate security; the coupon rate shown represents the rate at August 31, 2005.

See accompanying notes to the financial statements that are an integral part of these financial statements.

See accompanying notes to the financial statements that are an integral part of these financial statements.

See accompanying notes to the financial statements that are an integral part of these financial statements.

See accompanying notes to the financial statements that are an integral part of these financial statements.

See accompanying notes to the financial statements that are an integral part of these financial statements.

See accompanying notes to the financial statements that are an integral part of these financial statements.

See accompanying notes to the financial statements that are an integral part of these financial statements.

See accompanying notes to the financial statements that are an integral part of these financial statements.

See accompanying notes to the financial statements that are an integral part of these financial statements.

See accompanying notes to the financial statements that are an integral part of these financial statements.

See accompanying notes to the financial statements that are an integral part of these financial statements.

See accompanying notes to the financial statements that are an integral part of these financial statements.