TD Waterhouse Trust – ‘N-Q’ for 4/30/05

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Quarterly Schedule of Portfolio Holdings of a Management Investment Company   —   Form N-Q
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Document/Exhibit                   Description                      Pages   Size 

 1: N-Q         Td Waterhouse Comb N-Q 4-05                          101±   370K 
 2: EX-99.CERT  Td Waterhouse Certs 302 Gm -Cs 4-05                    2     13K 

N-Q   —   Td Waterhouse Comb N-Q 4-05
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 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
 MANAGEMENT INVESTMENT COMPANY

                                                        [Enlarge/Download Table]

                                                                                           

Investment Company Act file number                811-09519                                
-------------------------------------------------------------------------------------------
                                 TD WATERHOUSE TRUST                                       
-------------------------------------------------------------------------------------------
                                 (Exact name of registrant as specified in charter)        
                                 100 Wall Street, New York, New York 10005                 
-------------------------------------------------------------------------------------------
                       (Address of principal executive offices)          (Zip code)        
   George O. Martinez, President, TD Waterhouse Trust, 100 Summer Street,                  
                            Suite 1500, Boston, MA 02110                                   
-------------------------------------------------------------------------------------------
                                     (Name and address of agent for service)               
Registrant's telephone number, including area code:  212-806-3500                          
                                                   ----------------------------------------
Date of fiscal year end:  January 31, 2005                                                 
                        -----------------------------------                                
Date of reporting period:  April 30, 2005                                                  
                         ----------------------------------                                

       Form N-Q is to be used by management investment companies, other than
small business investment companies registered on Form N-5 (ss.ss. 239.24 and   
274.5 of this chapter), to file reports with the Commission, not later than 60  
days after the close of the first and third fiscal quarters, pursuant to rule   
30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The        
Commission may use the information provided on Form N-Q in its regulatory,      
disclosure review, inspection, and policymaking roles.                          

        A registrant is required to disclose the information specified by Form
N-Q, and the Commission will make this information public. A registrant is not  
required to respond to the collection of information contained in Form N-Q      
unless the Form displays a currently valid Office of Management and Budget      
("OMB") control number. Please direct comments concerning the accuracy of the   
information collection burden estimate and any suggestions for reducing the     
burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street,  
NW, Washington, DC 20549-0609. The OMB has reviewed this collection of          
information under the clearance requirements of 44 U.S.C.                       
ss. 3507.                                                                       

ITEM 1. SCHEDULE OF INVESTMENTS.                                                

         File the schedules as of the close of the reporting period as set forth
inss.ss. 210.12-12 - 12-14 of Regulation S-X [17 CFR 210.12-12 - 12-14]. The    
schedules need not be audited.                                                  

--------------------------------------------------------------------------------
 TD WATERHOUSE TRUST

 Bond Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                        PRINCIPAL         MARKET
                          AMOUNT           VALUE
-------------------------------------------------------------------             

U.S. GOVERNMENT OBLIGATIONS                                                     
U.S. TREASURY BONDS--8.7%                                                       
9.88%, 11/15/15                     $ 80,000     $   117,768            
9.25%, 02/15/16                       20,000          28,514            
7.25%, 05/15/16                       80,000         100,475            
7.50%, 11/15/16                       75,000          96,340            
8.75%, 05/15/17                       25,000          35,186            
8.50%, 02/15/20                       12,000          17,143            
6.25%, 08/15/23                       59,000          70,906            
6.00%, 02/15/26                      164,000         194,051            
6.13%, 11/15/27                      123,000         148,844            
5.50%, 08/15/28                      146,000         164,398            
5.25%, 02/15/29                      114,000         124,496            
6.25%, 05/15/30                      203,000         252,743            
5.38%, 02/15/31                      147,000         166,030            
                                     -----------
                                       1,516,894
                                     -----------
U.S. TREASURY NOTES--47.0%                                                      
5.63%, 02/15/06                      130,000         132,361            
4.63%, 05/15/06                      173,000         175,122            
6.88%, 05/15/06                      181,000         187,313            
7.00%, 07/15/06                      137,000         142,624            
2.38%, 08/15/06                       95,000          93,660            
2.38%, 08/31/06                      150,000         147,791            
6.50%, 10/15/06                      306,000         318,730            
2.63%, 11/15/06                      175,000         172,567            
6.25%, 02/15/07                      109,000         113,990            
3.38%, 02/28/07                      100,000          99,555            
4.38%, 05/15/07                      160,000         162,256            
6.63%, 05/15/07                       74,000          78,287            
2.75%, 08/15/07                      310,000         303,776            
3.25%, 08/15/07                      245,000         242,789            
6.13%, 08/15/07                      130,000         136,988            
3.00%, 11/15/07                      285,000         280,257            
3.00%, 02/15/08                      277,000         271,698            
5.50%, 02/15/08                      173,000         181,177            
2.63%, 05/15/08                      300,000         290,414            
5.63%, 05/15/08                      102,000         107,459            
3.13%, 09/15/08                      230,000         225,238            
4.75%, 11/15/08                      145,000         149,576            
2.63%, 03/15/09                      195,000         186,713            
3.13%, 04/15/09                      235,000         229,015            
5.50%, 05/15/09                      233,000         247,690            
4.00%, 06/15/09                      255,000         256,574            
3.50%, 08/15/09                      205,000         202,277            
6.00%, 08/15/09                      159,000         172,409            
6.50%, 02/15/10                      216,000         240,443            
5.75%, 08/15/10                      196,000         212,981            
5.00%, 02/15/11                      167,000         176,001            
5.00%, 08/15/11                      186,000         196,368            
4.88%, 02/15/12                      197,000         206,965            
4.38%, 08/15/12                      235,000         240,398            
4.00%, 11/15/12                      149,000         148,872            
3.88%, 02/15/13                      185,000         182,529            
3.63%, 05/15/13                      200,000         194,523            
4.25%, 08/15/13                       20,000          20,161            

                        PRINCIPAL         MARKET
                          AMOUNT           VALUE
-------------------------------------------------------------------             

4.25%, 11/15/13                     $230,000     $   231,662            
4.00%, 02/15/14                      190,000         187,781            
4.75%, 05/15/14                      105,000         109,454            
4.25%, 08/15/14                      220,000         220,928            
4.25%, 11/15/14                      160,000         160,525            
4.00%, 02/15/15                      120,000         118,055            
                                     -----------
                                       8,155,952
                                     -----------
TOTAL U.S. GOVERNMENT OBLIGATIONS                                               
(COST $9,619,896)--55.7%                              9,672,846               
                                     -----------

U.S. GOVERNMENT AGENCY OBLIGATIONS                                              
FANNIE MAE--14.4%                                                               
7.00%, 07/15/05                       40,000          40,304            
5.50%, 02/15/06                      135,000         136,952            
4.38%, 10/15/06                       60,000          60,499            
5.00%, 01/15/07                       97,000          98,821            
4.25%, 07/15/07                       60,000          60,419            
6.00%, 05/15/08                       60,000          63,336            
5.25%, 01/15/09                       60,000          62,288            
6.63%, 09/15/09                      100,000         109,601            
7.25%, 01/15/10                       90,000         101,450            
6.00%, 05/15/11                      155,000         168,164            
6.25%, 05/15/29                       67,000          78,976            
6.00%, 02/01/33                      347,372         357,033            
6.00%, 03/01/33                      357,666         367,612            
6.00%, 03/01/33                      407,223         418,548            
5.50%, 10/01/33                      363,589         367,299            
                                     -----------
                                       2,491,302
                                     -----------
FEDERAL HOME LOAN BANK--1.1%                                                    
5.13%, 03/06/06                      185,000         187,362            
                                     -----------
FREDDIE MAC--9.6%                                                               
5.25%, 01/15/06                      100,000         101,207            
5.50%, 07/15/06                      110,000         112,277            
4.88%, 03/15/07                       40,000          40,725            
5.75%, 03/15/09                      100,000         105,750            
6.88%, 09/15/10                      150,000         168,368            
6.50%, 02/01/31                      157,594         163,825            
6.50%, 04/01/33                      127,897         132,953            
5.00%, 08/01/33                      442,881         439,766            
5.50%, 01/01/34                      187,889         190,095            
5.50%, 02/01/34                      216,767         219,312            
                                     -----------
                                       1,674,278
                                     -----------
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS                                        
(COST $4,333,369)--25.1%                              4,352,942               
                                     -----------

CORPORATE BONDS                                                                 
Abbott Laboratories                                                       
5.63%, 07/01/06                        5,000           5,093            
Ace Ina Holdings                                                          
8.30%, 08/15/06                        3,000           3,146            
Alabama Power Co., Series G                                               
5.38%, 10/01/08                        6,000           6,191            

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 TD WATERHOUSE TRUST

 Bond Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                        PRINCIPAL         MARKET
                          AMOUNT           VALUE
-------------------------------------------------------------------             

Albertson's, Inc., MTN,                                                   
Series C                                                                
6.63%, 06/01/28                     $  3,000     $     3,016            
Alcoa, Inc.                                                               
6.50%, 06/01/11                       12,000          13,232            
Allstate Corp.                                                            
7.88%, 05/01/05                        5,000           5,000            
7.20%, 12/01/09                       10,000          11,145            
7.50%, 06/15/13                        2,000           2,375            
6.75%, 05/15/18                        3,000           3,457            
Alltel Corp.                                                              
6.50%, 11/01/13                        5,000           5,524            
7.00%, 03/15/16                       11,000          12,733            
American General Finance                                                  
5.88%, 12/15/05                       30,000          30,426            
American General Finance,                                                 
MTN, Series H                                                           
5.38%, 10/01/12                        3,000           3,070            
Anadarko Petroleum Corp.                                                  
5.38%, 03/01/07                        3,000           3,067            
Archer-Daniels-Midland                                                    
8.88%, 04/15/11                        5,000           6,096            
Asian Development Bank                                                    
2.38%, 03/15/06                        3,000           2,975            
6.75%, 06/11/07                        4,000           4,243            
Asian Development Bank, MTN                                               
4.88%, 02/05/07                        7,000           7,150            
Associates Corp.                                                          
6.88%, 11/15/08                        5,000           5,425            
AT&T Wireless Services, Inc.                                              
7.50%, 05/01/07                       10,000          10,615            
Bank of America Corp.                                                     
6.75%, 09/15/05                       10,000          10,114            
4.75%, 10/15/06                       10,000          10,120            
6.63%, 10/15/07                       10,000          10,552            
6.38%, 02/15/08                       10,000          10,538            
7.40%, 01/15/11                       10,000          11,376            
7.25%, 10/15/25                       10,000          12,259            
Bank One Corp.                                                            
6.88%, 08/01/06                        5,000           5,180            
7.60%, 05/01/07                        8,000           8,518            
7.13%, 05/15/07                        8,000           8,453            
7.63%, 10/15/26                        4,000           4,996            
8.00%, 04/29/27                        4,000           5,193            
Bear Stearns Co., Inc.                                                    
2.88%, 07/02/08                        8,000           7,648            
BellSouth Corp.                                                           
6.88%, 10/15/31                       21,000          24,162            
BellSouth Telecommunications                                              
6.38%, 06/01/28                        5,000           5,397            
Best Foods, MTN, Series F                                                 
6.63%, 04/15/28                        5,000           5,903            
BP Co. North America                                                      
6.50%, 08/01/07                        4,000           4,207            
Bristol-Myers Squibb                                                      
6.80%, 11/15/26                        6,000           7,121            
Chase Manhattan Corp.                                                     
7.88%, 06/15/10                       65,000          74,669            

                        PRINCIPAL         MARKET
                          AMOUNT           VALUE
-------------------------------------------------------------------             

ChevronTexaco Corp.                                                       
5.70%, 12/01/08                     $  5,000     $     5,042            
5.50%, 01/15/09                        5,000           5,241            
8.63%, 04/01/32                        5,000           7,646            
Citicorp                                                                  
6.38%, 01/15/06                        4,000           4,067            
7.25%, 09/01/08                        4,000           4,350            
Citicorp, MTN, Series C                                                   
7.00%, 07/01/07                        8,000           8,488            
Citigroup, Inc.                                                           
6.75%, 12/01/05                       12,000          12,216            
5.50%, 08/09/06                       12,000          12,228            
6.00%, 02/21/12                       13,000          14,020            
5.00%, 09/15/14                       14,000          14,092            
Coca-Cola Enterprises                                                     
8.50%, 02/01/12                       15,000          18,337            
7.13%, 08/01/17                       15,000          17,664            
6.75%, 01/15/38                        8,000           9,537            
Compaq Computer                                                           
7.65%, 08/01/05                        5,000           5,051            
Con Edison Co. of New York,                                               
Series B                                                              
7.50%, 09/01/10                        5,000           5,691            
ConocoPhillips                                                            
6.38%, 03/30/09                       25,000          26,928            
Consolidated Natural Gas,                                                 
Series C                                                              
6.25%, 11/01/11                       15,000          16,242            
Countrywide Home Loan, MTN,                                               
Series H                                                                
6.25%, 04/15/09                       15,000          15,861            
DaimlerChrysler Holdings NA                                               
6.40%, 05/15/06                        6,000           6,100            
7.20%, 09/01/09                        6,000           6,359            
Deere & Co.                                                               
7.85%, 05/15/10                       15,000          17,260            
E.I. Du Pont de Nemours & Co.                                             
8.25%, 09/15/06                        5,000           5,274            
5.88%, 05/11/09                       65,000          68,773            
European Investment Bank                                                  
5.63%, 01/24/06                        5,000           5,075            
2.38%, 03/15/06                        7,000           6,927            
4.88%, 09/06/06                       16,000          16,242            
3.38%, 03/16/09                        7,000           6,859            
First Union National Bank                                                 
7.88%, 02/15/10                        4,000           4,585            
FleetBoston Financial Corp.                                               
6.50%, 03/15/08                       15,000          15,887            
Florida Power & Light                                                     
4.85%, 02/01/13                        5,000           5,073            
Ford Motor Credit Co.                                                     
6.88%, 02/01/06                       64,000          64,737            
General Electric Capital Corp.,                                           
MTN, Series A                                                           
6.80%, 11/01/05                        9,000           9,147            
5.00%, 02/15/07                       80,000          81,236            
7.38%, 01/19/10                        9,000          10,094            

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 TD WATERHOUSE TRUST

 Bond Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                        PRINCIPAL         MARKET
                          AMOUNT           VALUE
-------------------------------------------------------------------             

Goldman Sachs Group, Inc.                                                 
6.88%, 01/15/11                     $  7,000     $     7,736            
6.60%, 01/15/12                        7,000           7,695            
GTE South, Inc.                                                           
6.13%, 06/15/07                       15,000          15,557            
Honeywell International                                                   
6.63%, 06/15/28                        5,000           5,899            
Household Finance Corp.                                                   
8.00%, 05/09/05                       14,000          14,009            
6.50%, 01/24/06                       12,000          12,244            
5.75%, 01/30/07                       24,000          24,654            
5.88%, 02/01/09                        9,000           9,429            
6.38%, 10/15/11                       11,000          11,978            
7.00%, 05/15/12                        9,000          10,153            
4.75%, 07/15/13                        9,000           8,901            
IBM Corp.                                                                 
6.50%, 01/15/28                       11,000          12,587            
7.00%, 10/30/45                       10,000          12,443            
Indiana Michigan Power, Series C                                          
6.13%, 12/15/06                        3,000           3,089            
Inter-American Development Bank                                           
5.38%, 01/18/06                        5,000           5,068            
7.38%, 01/15/10                        6,000           6,848            
4.38%, 09/20/12                        5,000           5,038            
Inter-American Development Bank,                                          
MTN                                                                     
3.38%, 03/17/08                        5,000           4,924            
International Bank for                                                    
Reconstruction &                                                        
Development                                                             
5.00%, 03/28/06                       19,000          19,259            
Key Bank NA                                                               
7.00%, 02/01/11                        2,000           2,249            
KFW International Finance                                                 
4.75%, 01/24/07                       11,000          11,178            
Lehman Brothers Holdings                                                  
6.25%, 05/15/06                       11,000          11,259            
Mellon Bank NA                                                            
6.50%, 08/01/05                        5,000           5,034            
Merrill Lynch & Co.                                                       
6.88%, 11/15/18                       65,000          75,156            
Morgan Stanley                                                            
6.10%, 04/15/06                        8,000           8,162            
6.75%, 04/15/11                        8,000           8,836            
National Rural Utilities                                                  
6.13%, 05/15/05                       20,000          20,018            
National Westminster Bank                                                 
7.38%, 10/01/09                        4,000           4,475            
Praxair, Inc.                                                             
6.50%, 03/01/08                        5,000           5,275            
6.38%, 04/01/12                        4,000           4,440            
Southwestern Bell Telephone                                               
6.63%, 07/15/07                       15,000          15,730            
SunTrust Bank                                                             
5.45%, 12/01/17                        5,000           5,159            
Target Corp.                                                              
5.40%, 10/01/08                       10,000          10,386            
5.88%, 11/01/08                        1,000           1,053            

                        PRINCIPAL         MARKET
                          AMOUNT           VALUE
-------------------------------------------------------------------             

Toyota Motor Credit Corp.                                                 
4.35%, 12/15/10                     $  5,000     $     5,012            
Turner Broadcasting System, Inc.                                          
8.38%, 07/01/13                        8,000           9,692            
Unilever Capital Corp.                                                    
6.88%, 11/01/05                        8,000           8,130            
United Technologies Corp.                                                 
7.50%, 09/15/29                        5,000           6,462            
Vastar Resources, Inc.                                                    
6.50%, 04/01/09                        4,000           4,331            
Verizon Communications, Inc.                                              
6.94%, 04/15/28                       15,000          16,706            
Verizon New England, Inc.                                                 
6.50%, 09/15/11                       20,000          21,613            
Viacom, Inc.                                                              
7.88%, 07/30/30                       15,000          17,814            
Virginia Electric & Power,                                                
Series D                                                              
7.63%, 07/01/07                        6,000           6,407            
Wachovia Corp.                                                            
6.63%, 07/15/05                        8,000           8,052            
7.05%, 08/01/05                        8,000           8,070            
4.95%, 11/01/06                       12,000          12,163            
6.40%, 04/01/08                        5,000           5,362            
6.25%, 08/04/08                        4,000           4,238            
6.38%, 01/15/09                        2,000           2,129            
Wal-Mart Stores, Inc.                                                     
4.15%, 06/15/05                        8,000           8,009            
5.88%, 10/15/05                        2,000           2,023            
4.38%, 07/12/07                        1,000           1,006            
7.25%, 06/01/13                        9,000          10,562            
Wells Fargo & Co.                                                         
5.00%, 11/15/14                        5,000           5,056            
                                     -----------
TOTAL CORPORATE BONDS                                                           
(COST $1,417,968)--8.3%                               1,451,472               
                                     -----------

FOREIGN BONDS                                                                   
CANADA--0.8%                                                                    
British Columbia                                                          
4.63%, 10/03/06                        4,000           4,054            
5.38%, 10/29/08                        4,000           4,178            
Canadian Government                                                       
5.25%, 11/05/08                       12,000          12,515            
Hydro-Quebec                                                              
8.00%, 02/01/13                       11,000          13,345            
Manitoba                                                                  
2.75%, 01/17/06                        4,000           3,981            
5.50%, 10/01/08                        4,000           4,164            
7.50%, 02/22/10                        4,000           4,513            
New Brunswick                                                             
3.50%, 10/23/07                        4,000           3,945            
Newfoundland                                                              
8.65%, 10/22/22                        4,000           5,700            
7.32%, 10/13/23                        4,000           5,110            

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 TD WATERHOUSE TRUST

 Bond Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                        PRINCIPAL         MARKET
                          AMOUNT           VALUE
-------------------------------------------------------------------             

Nova Scotia                                                               
5.75%, 02/27/12                     $  4,000     $     4,297            
Ontario                                                                   
4.20%, 06/30/05                        4,000           4,007            
7.00%, 08/04/05                        4,000           4,039            
2.63%, 12/15/05                        4,000           3,977            
6.00%, 02/21/06                        4,000           4,073            
3.50%, 09/17/07                        4,000           3,959            
3.13%, 05/02/08                        4,000           3,895            
5.50%, 10/01/08                        4,000           4,183            
3.75%, 12/15/09                        4,000           3,917            
5.13%, 07/17/12                        4,000           4,214            
Province of Saskatchewan                                                  
7.13%, 03/15/08                        4,000           4,320            
Quebec                                                                    
5.50%, 04/11/06                        4,000           4,075            
7.00%, 01/30/07                        4,000           4,201            
5.75%, 02/15/09                        4,000           4,211            
5.00%, 07/17/09                        4,000           4,110            
6.13%, 01/22/11                        4,000           4,333            
7.50%, 07/15/23                        4,000           5,141            
7.13%, 02/09/24                        4,000           4,960            
7.50%, 09/15/29                        4,000           5,290            
                                     -----------
                                         142,707
                                     -----------
FINLAND--0.0%                                                                   
Republic of Finland                                                       
5.88%, 02/27/06                        3,000           3,058            
                                     -----------
ITALY--0.3%                                                                     
Republic of Italy                                                         
4.38%, 10/25/06                       24,000          24,189            
2.75%, 12/15/06                       12,000          11,820            
6.00%, 02/22/11                        6,000           6,589            
5.63%, 06/15/12                        8,000           8,629            
                                     -----------
                                          51,227
                                     -----------
NETHERLANDS--0.1%                                                               
Deutsche Telekom                                                          
International Finance                                                   
8.50%, 06/15/10                       13,000          15,077            
                                     -----------
UNITED KINGDOM--0.2%                                                            
Amvescap, Inc.                                                            
5.90%, 01/15/07                        3,000           3,092            
Vodafone Group                                                            
6.65%, 05/01/08                       10,000          10,636            
7.88%, 02/15/30                       10,000          13,143            
                                     -----------
                                          26,871
                                     -----------
TOTAL FOREIGN BONDS                                                             
(COST $236,371)--1.4%                                    238,940                
                                     -----------

                        NUMBER OF         MARKET
                          SHARES           VALUE
-------------------------------------------------------------------             

EXCHANGE TRADED FUNDS                                                           
iShares Goldman Sachs Corp.                                               
Bond Fund                              6,640     $   736,508            
iShares Lehman Brothers                                                   
Aggregate Bond Fund                    7,200         735,192            
                                     -----------
EXCHANGE TRADED FUNDS                                                           
(COST $1,457,005)--8.5%                             1,471,700             
                                     -----------

TOTAL INVESTMENTS                                                               
(COST $17,064,609)--99.0%                            17,187,900               

OTHER ASSETS AND LIABILITIES, NET--1.0%                  181,707                
                                     -----------
NET ASSETS                                           $17,369,607                
                                     ===========

DESCRIPTION OF ABBREVIATIONS:                                                   
-----------------------------                                                   

MTN  Medium Term Note                                                           

At April 30, 2005, the tax basis cost of the Fund's investments was $17,064,609,
and the unrealized appreciation and depreciation were $284,282 and $(160,991),  
respectively.                                                                   

For information on the Fund's policy regarding valuation of investments and     
other significant accounting policies, please refer to the Fund's most recent   
semi-annul or annual report.                                                    

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 Dow 30 Fund o Schedule of Investments
April 30, 2005 (Unaudited)

              NUMBER OF         MARKET
               SHARES          VALUE
----------------------------------------------------------------                

COMMON STOCK                                                                    
3M Co.                              113,071    $  8,646,539               
Alcoa, Inc.                         113,071       3,281,321               
Altria Group, Inc.                  113,071       7,348,484               
American Express Co.                113,071       5,958,842               
American International Group,                                             
Inc.                                113,071       5,749,660               
Boeing Co.                          113,071       6,729,986               
Caterpillar, Inc.                   113,071       9,955,902               
Citigroup, Inc.                     113,071       5,309,814               
Coca-Cola Co.                       113,071       4,911,804               
E.I. Du Pont de Nemours & Co.       113,071       5,326,775               
ExxonMobil Corp.                    113,071       6,448,439               
General Electric Co.                113,071       4,093,170               
General Motors Corp.                113,071       3,016,734               
Hewlett-Packard Co.                 113,071       2,314,563               
Home Depot, Inc.                    113,071       3,999,321               
Honeywell International, Inc.       113,071       4,043,419               
Intel Corp.                         113,071       2,659,430               
International Business                                                    
Machines Corp.                      113,071       8,636,363               
Johnson & Johnson                   113,071       7,760,063               
JPMorganChase & Co.                 113,071       4,012,890               
McDonald's Corp.                    113,071       3,314,111               
Merck & Co., Inc.                   113,071       3,833,107               
Microsoft Corp.                     113,071       2,860,696               
Pfizer, Inc.                        113,071       3,072,139               
Procter & Gamble Co.                113,071       6,122,795               
SBC Communications, Inc.            113,071       2,691,090               
United Technologies Corp.           113,071      11,501,582               
Verizon Communications, Inc.        113,071       4,047,942               
Wal-Mart Stores, Inc.               113,071       5,330,167               
Walt Disney Co.                     113,071       2,985,075               
                                ------------
TOTAL COMMON STOCK                                                              
(COST $153,116,666)--98.9%                        155,962,223                 
                                ------------

OTHER INVESTMENT COMPANY                                                        
(COST $1,090,722)--0.7%                                                       
Diamonds Trust, Series 1             10,361       1,055,682               
                                ------------

U.S. GOVERNMENT OBLIGATION                                                      
(COST $199,305)--0.1%                                                         
U.S. Treasury Bills,                                                      
mature 06/16/05,                                                        
par value $200,000,                                                     
yield at time of                                                        
purchase 2.74% (A)                                 199,335              
                                ------------

TOTAL INVESTMENTS                                                               
(COST $154,406,693)--99.7%                        157,217,240                 

OTHER ASSETS AND LIABILITIES, NET--0.3%                499,267                  
                                ------------

NET ASSETS                                        $157,716,507                  
                                ============

(A)  Security pledged as collateral on open futures contracts.                  

The following futures contracts were open as of April 30, 2005:                 

                 # of                          Unrealized       Expiration
Description      Contracts        Value          Depreciation         Date      
-----------      ----------       -----          ------------         ----      
DJIA(SM) Index       45        $4,588,650         $(283,950)       June 2005    

At April 30, 2005, the tax basis cost of the Fund's investments was             
$155,736,693, and the unrealized appreciation and depreciation were $26,369,885 
and $(24,889,338), respectively.                                                

For information on the Fund's policy regarding valuation of investments and     
other significant accounting policies, please refer to the Fund's most recent   
semi-annul or annual report.                                                    

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500 Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                   SHARES          VALUE
----------------------------------------------------------------                

COMMON STOCK                                                                    
AEROSPACE & DEFENSE--1.9%                                                       
Boeing Co.                           10,566    $    628,888               
General Dynamics Corp.                2,499         262,520               
Goodrich Corp.                        1,296          52,229               
Lockheed Martin Corp.                 5,308         323,523               
Northrop Grumman Corp.                4,665         255,829               
Raytheon Co.                          5,659         212,835               
Rockwell Collins, Inc.                2,330         106,900               
United Technologies Corp.             6,374         648,363               
                                ------------
                                   2,491,087
                                ------------
AGRICULTURE--0.1%                                                               
Monsanto Co.                          3,262         191,218               
                                ------------
AIR TRANSPORTATION--0.7%                                                        
Delta Air Lines, Inc. (A)             2,420           7,962               
FedEx Corp.                           3,868         328,587               
Honeywell International, Inc.        11,040         394,790               
Southwest Airlines Co.                9,611         143,012               
Textron, Inc.                         1,693         127,567               
                                ------------
                                   1,001,918
                                ------------
APPAREL/TEXTILES--0.3%                                                          
Cintas Corp.                          2,009          77,528               
Coach, Inc. (A)                       4,590         123,012               
Jones Apparel Group, Inc.             1,647          50,151               
Liz Claiborne, Inc.                   1,316          46,626               
VF Corp.                              1,280          72,435               
                                ------------
                                     369,752
                                ------------
AUTOMOTIVE--0.7%                                                                
Cooper Tire & Rubber                    868          15,147               
Dana Corp.                            2,093          23,902               
Delphi Corp.                          6,559          21,645               
Ford Motor Co.                       23,161         210,997               
General Motors Corp.                  7,081         188,921               
Genuine Parts Co.                     2,292          98,327               
Goodyear Tire & Rubber Co. (A)        2,080          24,690               
ITT Industries, Inc.                  1,057          95,616               
Navistar International Corp. (A)        769          22,708               
Paccar, Inc.                          2,310         156,849               
Rockwell International Corp.          2,059          95,187               
Visteon Corp.                         1,507           5,274               
                                ------------
                                     959,263
                                ------------
BANKS--8.3%                                                                     
Amsouth Bancorp                       4,002         105,333               
Bank of America Corp.                51,459       2,317,713               
Bank of New York Co., Inc.            9,898         276,550               
BB&T Corp.                            6,922         271,412               
Comerica, Inc.                        2,029         116,181               
Compass Bancshares, Inc.              1,800          77,436               
Fifth Third Bancorp                   6,877         299,149               
First Horizon National Corp.          1,584          65,783               
Golden West Financial Corp.           3,812         237,602               

                   NUMBER OF        MARKET
                   SHARES          VALUE
----------------------------------------------------------------                

Huntington Bancshares, Inc.           2,550    $     59,950               
JPMorganChase & Co.                  44,942       1,594,992               
Keycorp                               5,129         170,078               
M&T Bank Corp.                        1,262         130,554               
Marshall & Ilsley Corp.               2,707         115,426               
Mellon Financial Corp.                5,569         154,206               
National City Corp.                   7,884         267,741               
North Fork Bancorporation, Inc.       6,047         170,223               
Northern Trust Corp.                  2,349         105,775               
PNC Financial Services Group, Inc.    3,603         191,788               
Regions Financial Corp.               5,676         190,089               
Sovereign Bancorp, Inc.               4,366          89,809               
State Street Corp.                    4,137         191,253               
SunTrust Banks, Inc.                  4,498         327,589               
Synovus Financial Corp.               3,772         105,729               
US Bancorp                           23,500         655,650               
Wachovia Corp.                       20,216       1,034,655               
Washington Mutual, Inc.              11,115         459,272               
Wells Fargo & Co.                    21,303       1,276,902               
Zions Bancorp                           963          67,439               
                                ------------
                                  11,126,279
                                ------------
BEAUTY PRODUCTS--2.5%                                                           
Alberto-Culver Co., Cl. B             1,145          50,952               
Avon Products, Inc.                   5,955         238,676               
Colgate-Palmolive Co.                 6,586         327,917               
Gillette Co.                         12,684         655,002               
International Flavors &                                                   
Fragrances, Inc.                    1,224          46,390             
Kimberly-Clark Corp.                  6,040         377,198               
Procter & Gamble Co.                 31,764       1,720,021               
                                ------------
                                   3,416,156
                                ------------
BROADCASTING, NEWSPAPERS & ADVERTISING --1.1%                                   
Clear Channel Communications, Inc.    6,643         212,177               
Comcast Corp., Cl. A (A)             28,390         911,603               
Interpublic Group Cos., Inc. (A)      4,745          61,021               
Omnicom Group                         2,482         205,758               
Univision Communications,                                                 
Inc., Cl. A (A)                     4,063         106,816             
                                ------------
                                   1,497,375
                                ------------
BUILDING & CONSTRUCTION--0.5%                                                   
American Standard Cos.                2,361         105,560               
Centex Corp.                          1,456          84,040               
Fluor Corp.                           1,135          58,521               
KB Home                                 956          54,492               
Masco Corp.                           5,699         179,461               
Pulte Homes, Inc.                     1,658         118,464               
Vulcan Materials Co.                  1,316          69,801               
                                ------------
                                     670,339
                                ------------
CHEMICALS--1.6%                                                                 
Air Products & Chemicals,                                                 
Inc.                                  2,820         165,619               
Ashland, Inc.                           867          58,297               
Cooper Industries Ltd., Cl. A         1,068          67,989               
Dow Chemical Co.                     12,391         569,119               

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500 Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                   SHARES          VALUE
----------------------------------------------------------------                

E.I. Du Pont de Nemours & Co.        12,291    $    579,029               
Eastman Chemical Co.                    987          53,298               
Engelhard Corp.                       1,312          40,186               
Great Lakes Chemical Corp.              620          19,245               
Hercules, Inc. (A)                    1,283          16,974               
PPG Industries, Inc.                  2,295         155,027               
Praxair, Inc.                         4,259         199,449               
Rohm & Haas Co.                       2,543         111,027               
Sigma-Aldrich Corp.                     856          50,016               
                                ------------
                                   2,085,275
                                ------------
COMPUTERS & SERVICES--5.9%                                                      
3M Co.                                9,854         753,535               
Affiliated Computer Services,                                             
Inc., Cl. A (A)                     1,653          78,798             
Apple Computer, Inc. (A)             10,188         367,379               
Autodesk, Inc.                        3,158         100,519               
Cisco Systems, Inc. (A)              81,671       1,411,275               
Computer Sciences Corp. (A)           2,566         111,570               
Dell, Inc. (A)                       31,547       1,098,782               
eBay, Inc. (A)                       15,597         494,893               
Electronic Data Systems Corp.         6,883         133,186               
EMC Corp. (A)                        31,268         410,236               
Gateway, Inc. (A)                     4,088          13,940               
Hewlett-Packard Co.                  36,777         752,825               
International Business                                                    
Machines Corp.                       20,552       1,569,762               
International Game Technology         4,240         114,013               
Lexmark International, Inc. (A)       1,742         120,982               
Monster Worldwide, Inc. (A)           1,446          33,272               
NCR Corp. (A)                         2,422          79,926               
Sun Microsystems, Inc. (A)           43,682         158,566               
Sungard Data Systems, Inc. (A)        3,389         113,193               
Symbol Technologies, Inc.             2,918          39,014               
Unisys Corp. (A)                      4,083          26,499               
                                ------------
                                   7,982,165
                                ------------
CONTAINERS & PACKAGING--0.2%                                                    
Ball Corp.                            1,370          54,115               
Bemis Co.                             1,154          31,804               
Newell Rubbermaid, Inc.               3,247          70,557               
Pactiv Corp. (A)                      1,869          40,072               
Sealed Air Corp. (A)                  1,047          50,717               
                                ------------
                                     247,265
                                ------------
DATA PROCESSING--0.6%                                                           
Automatic Data Processing             7,501         325,843               
First Data Corp.                      9,826         373,683               
Fiserv, Inc. (A)                      2,392         101,182               
IMS Health, Inc.                      2,853          68,415               
                                ------------
                                     869,123
                                ------------
DIVERSIFIED MANUFACTURING--0.9%                                                 
Danaher Corp.                         3,317         167,940               
Illinois Tool Works, Inc.             3,616         303,093               
Tyco International Ltd.              25,073         785,035               
                                ------------
                                   1,256,068
                                ------------

                   NUMBER OF        MARKET
                   SHARES          VALUE
----------------------------------------------------------------                

ELECTRICAL SERVICES--7.1%                                                       
AES Corp. (A)                         8,060    $    129,605               
Allegheny Energy, Inc. (A)            1,480          36,171               
Ameren Corp.                          2,355         121,754               
American Electric Power Co., Inc.     4,611         162,399               
Calpine Corp. (A)                     7,028          12,580               
Centerpoint Energy, Inc.              3,483          41,239               
Cinergy Corp.                         2,360          93,456               
Citizens Communications Co.           4,043          51,548               
CMS Energy Corp. (A)                  1,900          24,548               
Consolidated Edison, Inc.             2,998         129,753               
Constellation Energy Group, Inc.      2,172         114,160               
Dominion Resources, Inc.              4,392         331,157               
DTE Energy Co.                        2,165          99,482               
Duke Energy Corp.                    12,218         356,643               
Edison International                  3,791         137,613               
Emerson Electric Co.                  5,336         334,407               
Entergy Corp.                         2,767         202,821               
Exelon Corp.                          8,394         415,503               
FirstEnergy Corp.                     4,375         190,400               
FPL Group, Inc.                       5,052         206,223               
General Electric Co.                133,871       4,846,130               
NiSource, Inc.                        3,213          74,670               
PG&E Corp.                            4,797         166,552               
Pinnacle West Capital Corp.           1,129          47,305               
PPL Corp.                             2,303         124,961               
Progress Energy, Inc.                 3,009         126,348               
Public Service Enterprise                                                 
Group, Inc.                         3,128         181,737             
Southern Co.                          9,872         325,282               
Teco Energy, Inc.                     3,419          56,790               
TXU Corp.                             3,121         267,751               
XCEL Energy, Inc.                     5,789          99,455               
                                ------------
                                   9,508,443
                                ------------
ELECTRONIC & OTHER ELECTRICAL EQUIPMENT--0.5%                                   
Adobe Systems, Inc.                   2,957         175,853               
American Power Conversion             2,472          59,971               
Eaton Corp.                           2,024         118,707               
Jabil Circuit, Inc. (A)               2,220          61,272               
L-3 Communications Holdings, Inc.     1,569         111,352               
Molex, Inc.                           2,244          57,020               
Sanmina Corp. (A)                     6,570          26,346               
Solectron Corp. (A)                  10,554          34,828               
Tektronix, Inc.                       1,057          22,895               
                                ------------
                                     668,244
                                ------------
ENTERTAINMENT--1.9%                                                             
Carnival Corp.                        6,980         341,182               
News Corp., Cl. A                    36,489         557,552               
Time Warner, Inc. (A)                58,954         991,017               
Walt Disney Co.                      26,253         693,079               
                                ------------
                                   2,582,830
                                ------------
ENVIRONMENTAL SERVICES--0.3%                                                    
Allied Waste Industries, Inc. (A)     4,122          32,935               
Ecolab, Inc.                          3,175         103,854               

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500 Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                   SHARES          VALUE
----------------------------------------------------------------                

Waste Management, Inc.                7,510  $      213,960               
                                ------------
                                     350,749
                                ------------
FINANCIAL SERVICES--7.1%                                                        
American Express Co.                 14,958         788,287               
Bear Stearns Cos., Inc.               1,471         139,245               
Capital One Financial Corp.           3,112         220,610               
Charles Schwab Corp.                 15,153         156,834               
CIT Group, Inc.                       2,848         114,717               
Citigroup, Inc.                      66,514       3,123,497               
Countrywide Financial Corp.           7,628         276,057               
E*Trade Financial Corp. (A)           4,551          50,562               
Equifax, Inc.                         1,850          62,252               
Fannie Mae                           11,991         646,914               
Federated Investors, Inc., Cl. B      1,251          35,591               
Franklin Resources, Inc.              2,605         178,911               
Freddie Mac                           8,626         530,671               
Goldman Sachs Group, Inc.             5,659         604,325               
Janus Capital Group, Inc.             3,118          40,503               
Lehman Brothers Holdings, Inc.        3,462         317,535               
MBNA Corp.                           16,505         325,974               
Merrill Lynch & Co., Inc.            11,761         634,271               
Moody's Corp.                         1,588         130,438               
Morgan Stanley                       14,197         747,046               
Providian Financial Corp. (A)         4,009          66,830               
SLM Corp.                             5,359         255,303               
T. Rowe Price Group, Inc.             1,663          91,748               
                                ------------
                                   9,538,121
                                ------------
FOOD, BEVERAGE & TOBACCO--5.4%                                                  
Altria Group, Inc.                   25,785       1,675,767               
Anheuser-Busch Cos., Inc.            10,162         476,293               
Archer-Daniels-Midland Co.            8,181         147,176               
Brown-Forman Corp., Cl. B             1,209          67,099               
Campbell Soup Co.                     4,331         128,804               
Coca-Cola Co.                        29,105       1,264,321               
Coca-Cola Enterprises, Inc.           4,709          95,593               
Conagra Foods, Inc.                   6,727         179,947               
Fortune Brands, Inc.                  1,845         156,050               
General Mills, Inc.                   4,635         228,969               
Hershey Foods Corp.                   2,552         163,073               
HJ Heinz Co.                          4,261         157,018               
Kellogg Co.                           4,637         208,433               
McCormick & Co., Inc.                 1,605          55,517               
Molson Coors Brewing Co., Cl B          997          61,565               
Pepsi Bottling Group, Inc.            2,583          74,055               
PepsiCo, Inc.                        21,465       1,194,313               
Reynolds American, Inc.               1,499         116,877               
Sara Lee Corp.                        9,958         213,002               
Supervalu, Inc.                       1,740          54,914               
Sysco Corp.                           7,912         273,755               
UST, Inc.                             2,072          94,898               
Wm Wrigley, Jr. Co.                   2,579         178,286               
                                ------------
                                   7,265,725
                                ------------
FOOTWEAR--0.2%                                                                  
Nike, Inc., Cl. B                     3,000         230,430               

                   NUMBER OF        MARKET
                   SHARES          VALUE
----------------------------------------------------------------                

Reebok International Ltd.               889    $     36,102               
                                ------------
                                     266,532
                                ------------
GAS/NATURAL GAS--0.4%                                                           
Dynegy, Inc., Cl. A (A)               4,451          14,911               
El Paso Energy Corp.                  7,447          74,396               
KeySpan Corp.                         1,846          70,019               
Kinder Morgan, Inc.                   1,522         116,372               
Nicor, Inc.                             538          19,890               
Peoples Energy Corp.                    459          18,176               
Sempra Energy                         2,959         119,484               
Williams Cos., Inc.                   6,772         115,259               
                                ------------
                                     548,507
                                ------------
HOTEL & MOTEL--0.4%                                                             
Harrah's Entertainment, Inc.          1,559         102,301               
Hilton Hotels Corp.                   4,790         104,566               
Marriott International, Inc.,                                             
Cl. A                               2,383         149,533             
Starwood Hotels & Resorts                                                 
Worldwide, Inc.                     2,538         137,915             
                                ------------
                                     494,315
                                ------------
HOUSEHOLD PRODUCTS--0.2%                                                        
Clorox Co.                            1,974         124,954               
Leggett & Platt, Inc.                 2,150          57,964               
Maytag Corp.                          1,010           9,787               
Sherwin-Williams Co.                  1,650          73,541               
Whirlpool Corp.                         899          55,792               
                                ------------
                                     322,038
                                ------------
INSURANCE--5.5%                                                                 
ACE Ltd.                              3,793         162,947               
Aetna, Inc.                           3,491         256,135               
Aflac, Inc.                           6,511         264,672               
Allstate Corp.                        8,515         478,202               
AMBAC Financial Group, Inc.           1,371          91,651               
American International Group, Inc.   32,576       1,656,490               
AON Corp.                             3,717          77,499               
Chubb Corp.                           2,414         197,417               
Cigna Corp.                           1,716         157,838               
Cincinnati Financial Corp.            2,083          83,820               
Hartford Financial Services                                               
Group, Inc.                         3,811         275,802             
Jefferson-Pilot Corp.                 1,620          81,340               
Lincoln National Corp.                2,175          97,810               
Loews Corp.                           2,067         146,509               
Marsh & McLennan Cos., Inc.           6,784         190,156               
MBIA, Inc.                            1,822          95,436               
Metlife, Inc.                         9,640         374,996               
MGIC Investment Corp.                 1,151          67,909               
Principal Financial Group             3,721         145,417               
Progressive Corp.                     2,587         236,115               
Prudential Financial, Inc.            6,605         377,476               
Safeco Corp.                          1,550          81,638               
St. Paul Cos.                         8,697         311,353               
Torchmark Corp.                       1,323          70,688               
UnitedHealth Group, Inc.              8,206         775,549               
UnumProvident Group, Inc.             3,715          62,115               

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500 Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                   SHARES          VALUE
----------------------------------------------------------------                

WellPoint, Inc. (A)                   3,880    $    495,670               
XL Capital Ltd., Cl. A                1,686         118,526               
                                ------------
                                   7,431,176
                                ------------
LEISURE PRODUCTS--0.1%                                                          
Brunswick Corp.                       1,113          46,746               
Hasbro, Inc.                          2,072          39,202               
Mattel, Inc.                          4,960          89,528               
                                ------------
                                     175,476
                                ------------
MACHINERY--0.1%                                                                 
National-Oilwell, Inc. (A)            2,000          79,480               
                                ------------
MACHINERY & MANUFACTURING OPERATIONS--0.9%                                      
Black & Decker Corp.                    970          81,121               
Caterpillar, Inc.                     4,406         387,948               
Cummins, Inc.                           588          39,984               
Deere & Co.                           3,199         200,065               
Dover Corp.                           2,479          90,136               
Ingersoll-Rand Co., Cl. A             2,272         174,649               
Pall Corp.                            1,749          46,926               
Parker Hannifin Corp.                 1,480          88,711               
Snap-On, Inc.                           850          28,195               
Stanley Works                           930          40,018               
WW Grainger, Inc.                     1,070          59,160               
                                ------------
                                   1,236,913
                                ------------
MEASURING DEVICES--0.3%                                                         
Agilent Technologies, Inc. (A)        6,051         125,558               
Applied Biosystems Group-                                                 
Applera Corp.                       2,633          55,820             
Fisher Scientific                                                         
International (A)                     1,472          87,407               
PerkinElmer, Inc.                     1,624          30,044               
Thermo Electron Corp. (A)             1,991          49,735               
Waters Corp. (A)                      1,536          60,872               
                                ------------
                                     409,436
                                ------------
MEDICAL PRODUCTS & SERVICES--5.6%                                               
Amgen, Inc. (A)                      15,995         931,069               
Bausch & Lomb, Inc.                     649          48,675               
Baxter International, Inc.            7,950         294,945               
Becton Dickinson & Co.                3,111         182,056               
Biomet, Inc.                          3,114         120,480               
Boston Scientific Corp. (A)          10,029         296,658               
Caremark Rx, Inc. (A)                 5,815         232,891               
CR Bard, Inc.                         1,278          90,955               
Express Scripts, Inc. (A)               870          77,987               
Guidant Corp.                         4,038         299,135               
HCA, Inc.                             5,099         284,728               
Health Management Associates,                                             
Inc., Cl. A                         2,619          64,768             
Hospira, Inc. (A)                     2,118          71,059               
Humana, Inc. (A)                      1,666          57,727               
Johnson & Johnson                    37,666       2,585,017               
Laboratory Corp. of America                                               
Holdings (A)                        1,700          84,150             
Manor Care, Inc.                      1,128          37,619               
Medco Health Solutions, Inc. (A)      3,671         187,111               

                   NUMBER OF        MARKET
                   SHARES          VALUE
----------------------------------------------------------------                

Medtronic, Inc.                      15,482    $    815,901               
St. Jude Medical, Inc. (A)            4,629         180,670               
Stryker Corp.                         5,025         243,964               
Tenet Healthcare Corp. (A)            5,505          65,895               
Zimmer Holdings, Inc. (A)             3,047         248,087               
                                ------------
                                   7,501,547
                                ------------
METAL & METAL INDUSTRIES--0.7%                                                  
Alcoa, Inc.                          10,985         318,785               
Allegheny Technologies, Inc.          1,073          24,035               
Freeport-McMoran Copper &                                                 
Gold, Inc., Cl. B                   2,159          74,831             
Newmont Mining Corp.                  5,743         218,062               
Nucor Corp.                           2,072         105,879               
Phelps Dodge Corp.                    1,296         111,261               
United States Steel Corp.             1,343          57,427               
                                ------------
                                     910,280
                                ------------
MISC. BUSINESS SERVICES--0.4%                                                   
Cendant Corp.                        13,755         273,862               
Convergys Corp. (A)                   2,142          27,760               
H&R Block, Inc.                       2,031         101,164               
Paychex, Inc.                         4,134         126,501               
Robert Half International, Inc.       2,101          52,147               
                                ------------
                                     581,434
                                ------------
MOTORCYCLES--0.1%                                                               
Harley-Davidson, Inc.                 3,704         174,162               
                                ------------
OFFICE SUPPLIES & EQUIPMENT--0.3%                                               
Avery Dennison Corp.                  1,307          68,421               
Pitney Bowes, Inc.                    3,135         140,197               
Xerox Corp. (A)                      12,082         160,087               
                                ------------
                                     368,705
                                ------------
PAPER & PAPER PRODUCTS--0.6%                                                    
Georgia-Pacific Corp.                 3,497         119,842               
International Paper Co.               6,314         216,507               
Louisiana-Pacific Corp.               1,250          30,750               
MeadWestvaco Corp.                    2,956          87,054               
Temple-Inland, Inc.                   1,790          60,413               
Weyerhaeuser Co.                      3,283         225,247               
                                ------------
                                     739,813
                                ------------
PETROLEUM & FUEL PRODUCTS--8.2%                                                 
Amerada Hess Corp.                    1,079         101,048               
Anadarko Petroleum Corp.              2,926         213,715               
Apache Corp.                          4,323         243,342               
Baker Hughes, Inc.                    4,298         189,628               
BJ Services Co.                       2,094         102,083               
Burlington Resources, Inc.            5,130         249,369               
ChevronTexaco Corp.                  26,900       1,398,800               
ConocoPhillips                        8,868         929,810               
Devon Energy Corp.                    5,910         266,955               
EOG Resources, Inc.                   3,002         142,745               
ExxonMobil Corp.                     80,813       4,608,765               
Halliburton Co.                       6,510         270,751               
Kerr-McGee Corp.                      2,066         160,322               

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500 Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                   SHARES          VALUE
----------------------------------------------------------------                

Marathon Oil Corp.                    4,585  $      213,523               
Nabors Industries Ltd. (A)            1,820          98,043               
Noble Corp.                           1,580          80,422               
Occidental Petroleum Corp.            5,015         346,035               
Rowan Cos., Inc. (A)                  1,335          35,418               
Schlumberger Ltd.                     7,503         513,280               
Sunoco, Inc.                            919          91,220               
Transocean, Inc. (A)                  4,232         196,238               
Unocal Corp.                          3,619         197,416               
Valero Energy Corp.                   3,157         216,349               
XTO Energy, Inc.                      4,486         135,343               
                                ------------
                                  11,000,620
                                ------------
PHARMACEUTICALS--6.5%                                                           
Abbott Laboratories                  19,570         962,061               
Allergan, Inc.                        1,778         125,153               
AmerisourceBergen Corp.               1,296          79,419               
Biogen Idec, Inc. (A)                 4,332         156,992               
Bristol-Myers Squibb Co.             24,250         630,500               
Cardinal Health, Inc.                 5,495         305,357               
Chiron Corp. (A)                      1,919          65,534               
Eli Lilly & Co.                      14,178         828,988               
Forest Laboratories, Inc. (A)         4,178         149,071               
Genzyme Corp. (A)                     3,140         184,035               
Gilead Sciences, Inc. (A)             5,267         195,406               
King Pharmaceuticals, Inc. (A)        3,501          28,008               
McKesson Corp.                        3,645         134,865               
Medimmune, Inc. (A)                   2,851          72,330               
Merck & Co., Inc.                    28,086         952,115               
Mylan Laboratories                    3,405          56,183               
Pfizer, Inc.                         94,498       2,567,511               
Schering-Plough Corp.                19,121         399,055               
Watson Pharmaceuticals, Inc. (A)      1,389          41,670               
Wyeth                                17,211         773,462               
                                ------------
                                   8,707,715
                                ------------
PHOTOGRAPHIC EQUIPMENT & SUPPLIES--0.1%                                         
Eastman Kodak Co.                     3,690          92,250               
                                ------------
PRINTING & PUBLISHING--0.7%                                                     
Dow Jones & Co., Inc.                 1,063          35,547               
Gannett Co., Inc.                     3,246         249,942               
Knight-Ridder, Inc.                     913          59,071               
McGraw-Hill Cos., Inc.                2,477         215,697               
Meredith Corp.                          662          31,114               
New York Times Co., Cl. A             1,723          57,479               
RR Donnelley & Sons Co.               2,671          87,903               
Tribune Co.                           3,537         136,528               
                                ------------
                                     873,281
                                ------------
PROFESSIONAL SERVICES--0.1%                                                     
Apollo Group, Inc., Cl. A (A)         1,995         143,880               
                                ------------
RAILROADS--0.5%                                                                 
Burlington Northern Santa Fe Corp.    4,687         226,148               
CSX Corp.                             2,818         113,086               
Norfolk Southern Corp.                5,164         162,150               

                   NUMBER OF        MARKET
                   SHARES          VALUE
----------------------------------------------------------------                

Union Pacific Corp.                   3,409    $    217,937               
                                ------------
                                     719,321
                                ------------
REAL ESTATE INVESTMENT TRUSTS--0.6%                                             
Apartment Investment &                                                    
Management Co., Cl. A               1,219          46,468             
Archstone-Smith Trust                 2,735          98,378               
Equity Office Properties                                                  
Trust                                 5,419         170,536               
Equity Residential Properties                                             
Trust                                 3,390         116,447               
Plum Creek Timber Co., Inc.           2,264          78,199               
Prologis                              2,321          91,888               
Simon Property Group, Inc.            2,592         171,253               
                                ------------
                                     773,169
                                ------------
RETAIL--6.5%                                                                    
Albertson's, Inc.                     4,615          91,331               
Autonation, Inc. (A)                  3,251          59,396               
Autozone, Inc. (A)                      950          78,850               
Bed Bath & Beyond, Inc. (A)           3,665         136,375               
Best Buy Co., Inc.                    3,619         182,180               
Big Lots, Inc. (A)                    1,414          14,395               
Circuit City Stores                   2,310          36,498               
CVS Corp.                             5,045         260,221               
Darden Restaurants, Inc.              2,055          61,650               
Dillard's, Inc., Cl. A                  988          22,991               
Dollar General Corp.                  3,989          81,176               
Family Dollar Stores                  2,052          55,363               
Federated Department Stores           2,248         129,260               
Gap, Inc.                             9,782         208,846               
Home Depot, Inc.                     27,472         971,685               
JC Penney Co.                         3,666         173,805               
Kohls Corp. (A)                       4,322         205,727               
Kroger Co. (A)                        9,466         149,279               
Limited Brands                        5,010         108,667               
Lowe's Cos., Inc.                     9,858         513,700               
May Department Stores Co.             3,608         126,569               
McDonald's Corp.                     15,685         459,727               
Nordstrom, Inc.                       1,787          90,833               
Office Depot, Inc. (A)                3,632          71,115               
OfficeMax, Inc.                       1,050          34,104               
RadioShack Corp.                      1,866          46,594               
Safeway, Inc. (A)                     5,537         117,883               
Sears Holdings Corp. (A)              1,129         152,686               
Staples, Inc.                         8,928         170,257               
Starbucks Corp. (A)                   5,172         256,117               
Target Corp.                         11,427         530,327               
Tiffany & Co.                         1,898          57,225               
TJX Cos., Inc.                        6,475         146,659               
Toys "R" Us, Inc. (A)                 2,981          75,568               
Wal-Mart Stores, Inc.                43,002       2,027,114               
Walgreen Co.                         13,068         562,708               
Wendy's International, Inc.           1,350          57,955               
Yum! Brands, Inc.                     3,543         166,379               
                                ------------
                                   8,691,215
                                ------------
SEMI-CONDUCTORS/INSTRUMENTS--3.2%                                               
Advanced Micro Devices, Inc. (A)      5,241          74,579               
Altera Corp. (A)                      4,770          98,882               

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500 Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                   SHARES          VALUE
----------------------------------------------------------------                

Analog Devices, Inc.                  4,780    $    163,046               
Applied Materials, Inc. (A)          22,025         327,512               
Applied Micro Circuits Corp. (A)      2,929           7,820               
Broadcom Corp., Cl. A (A)             4,141         123,857               
Freescale Semiconductor,                                                  
Inc., Cl. B (A)                     4,939          93,150             
Intel Corp.                          78,874       1,855,116               
JDS Uniphase Corp. (A)               16,350          24,198               
Johnson Controls, Inc.                2,535         139,095               
KLA-Tencor Corp. (A)                  2,828         110,349               
Linear Technology Corp.               3,844         137,385               
LSI Logic Corp. (A)                   2,422          12,982               
Maxim Integrated Products             4,134         154,612               
Micron Technology, Inc. (A)           7,513          72,951               
Millipore Corp. (A)                     717          34,574               
National Semiconductor Corp.          4,220          80,518               
Novellus Systems, Inc. (A)            1,734          40,628               
Nvidia Corp. (A)                      2,625          57,592               
PMC-Sierra, Inc. (A)                  1,922          15,491               
QLogic Corp. (A)                      1,178          39,157               
Teradyne, Inc. (A)                    2,367          26,084               
Texas Instruments, Inc.              22,029         549,844               
Xilinx, Inc.                          4,434         119,452               
                                ------------
                                   4,358,874
                                ------------
SOFTWARE--4.1%                                                                  
BMC Software, Inc. (A)                2,720          44,064               
Citrix Systems, Inc. (A)              2,176          48,960               
Computer Associates                                                       
International, Inc.                 6,369         171,326             
Compuware Corp. (A)                   4,626          27,525               
Electronic Arts, Inc. (A)             4,002         213,667               
Intuit, Inc. (A)                      2,254          90,836               
Mercury Interactive Corp. (A)         1,138          47,034               
Microsoft Corp.                     129,015       3,264,080               
Novell, Inc. (A)                      5,420          32,032               
Oracle Corp. (A)                     57,258         661,902               
Parametric Technology Corp. (A)       3,140          16,705               
Siebel Systems, Inc. (A)              5,894          53,046               
Symantec Corp. (A)                    9,210         172,964               
Veritas Software Corp. (A)            5,082         104,638               
Yahoo, Inc. (A)                      16,791         579,457               
                                ------------
                                   5,528,236
                                ------------
TELEPHONES & TELECOMMUNICATIONS--5.1%                                           
ADC Telecommunications, Inc. (A)      9,858          22,378               
Alltel Corp. (A)                      3,896         221,916               
Andrew Corp. (A)                      2,006          24,614               
AT&T Corp.                           10,317         197,364               
Avaya, Inc. (A)                       6,356          55,170               
BellSouth Corp.                      23,112         612,237               
CenturyTel, Inc.                      1,647          50,546               
CIENA Corp. (A)                       4,413          10,150               
Comverse Technology, Inc. (A)         2,415          55,038               
Corning, Inc. (A)                    17,232         236,940               
Lucent Technologies, Inc. (A)        56,248         136,683               
Motorola, Inc.                       31,498         483,179               
Network Appliance, Inc. (A)           4,508         120,048               

                   NUMBER OF        MARKET
                   SHARES          VALUE
----------------------------------------------------------------                

Nextel Communications, Inc.,                                              
Cl. A (A)                          14,276    $    399,585             
Qualcomm, Inc.                       20,353         710,116               
Qwest Communications                                                      
International (A)                  22,503          76,960             
SBC Communications, Inc.             41,435         986,153               
Scientific-Atlanta, Inc.              1,994          60,977               
Sprint Corp. (FON Group)             18,473         411,209               
Tellabs, Inc. (A)                     4,857          37,690               
Verizon Communications, Inc.         34,767       1,244,659               
Viacom, Inc., Cl. B                  21,610         748,138               
                                ------------
                                   6,901,750
                                ------------
TESTING LABORATORIES--0.1%                                                      
Quest Diagnostics, Inc.               1,274         134,789               
                                ------------
TRAVEL SERVICES--0.0%                                                           
Sabre Holdings Corp.                  1,487          29,086               
                                ------------
TRUCKING & LEASING--0.8%                                                        
Ryder System, Inc.                      775          28,621               
United Parcel Service, Inc.,                                              
Cl. B                              13,990         997,627             
                                ------------
                                   1,026,248
                                ------------
WHOLESALE--0.2%                                                                 
Costco Wholesale Corp.                6,139         249,121               
                                ------------
TOTAL COMMON STOCK                                                              
(COST $126,197,385)--100.1%                       134,546,764                 
                                ------------

TOTAL INVESTMENTS--100.1%                                                       
(COST $126,197,385)                               134,546,764                 

LIABILITIES IN EXCESS OF OTHER ASSETS,                                          
NET--(0.1)%                                           (137,817)                 
                                ------------

NET ASSETS                                        $134,408,947                  
                                ============

(A) Non-income producing security.                                              

At April 30, 2005, the tax basis cost of the Fund's investments was $126,905,996
and the unrealized appreciation and depreciation were $18,821,003 and           
$(11,180,235), respectively.                                                    

For information on the Fund's policy regarding valuation of investments and     
other significant accounting policies, please refer to the Fund's most recent   
semi-annul or annual report.                                                    

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Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

COMMON STOCK                                                                    
AEROSPACE & DEFENSE--0.8%                                                       
Alliant Techsystems, Inc. (A)           725    $     50,155               
Armor Holdings, Inc. (A)                550          19,255               
BE Aerospace, Inc. (A)                1,250          15,175               
Curtiss-Wright Corp.                    300          16,260               
DRS Technologies, Inc. (A)              550          24,338               
EDO Corp.                               510          15,213               
ESCO Technologies, Inc. (A)             220          16,130               
Esterline Technologies Corp. (A)        290           9,373               
GenCorp, Inc.                         1,110          21,101               
Kaman Corp., Cl. A                    1,461          18,818               
Moog, Inc., Cl. A (A)                 1,380          41,138               
MTC Technologies, Inc. (A)              300           9,096               
Orbital Sciences Corp. (A)            1,070           9,972               
Sequa Corp., Cl. A (A)                  200          10,350               
Teledyne Technologies, Inc. (A)         500          15,210               
Titan Corp. (A)                       2,269          40,729               
Trimble Navigation Ltd. (A)             466          16,040               
Triumph Group, Inc. (A)                 250           7,783               
United Defense Industries, Inc.         807          59,702               
                                ------------
                                     415,838
                                ------------
AGRICULTURE--0.4%                                                               
Bunge Ltd.                            1,602          90,994               
Delta & Pine Land Co.                   800          20,160               
Mosaic Co. (A)                        5,484          70,469               
                                ------------
                                     181,623
                                ------------
AIR TRANSPORTATION--0.3%                                                        
Airtran Holdings, Inc. (A)              630           5,229               
Alaska Air Group, Inc. (A)              350           9,334               
America West Holdings Corp.,                                              
Cl. B (A)                             700           2,940             
AMR Corp.-Delaware (A)                2,610          27,327               
Continental Airlines, Inc.,                                               
Cl. B (A)                             840           9,946             
EGL, Inc. (A)                         1,330          25,948               
ExpressJet Holdings, Inc. (A)           960           8,525               
Frontier Airlines, Inc. (A)             750           7,282               
JetBlue Airways Corp. (A)             1,000          20,050               
Mesa Air Group, Inc. (A)              1,021           5,442               
Northwest Airlines Corp. (A)            800           4,144               
Offshore Logistics, Inc. (A)            280           8,112               
Skywest, Inc.                           830          15,006               
                                ------------
                                     149,285
                                ------------
APPAREL/TEXTILES--0.6%                                                          
Carter's, Inc. (A)                      500          18,860               
Columbia Sportswear Co. (A)             731          31,433               
Guess?, Inc. (A)                        860          11,197               
Gymboree Corp. (A)                      620           7,087               
Kellwood Co.                            650          16,601               
Mohawk Industries, Inc. (A)             900          70,029               
Oshkosh B'Gosh, Inc.                    300           7,905               
Oxford Industries, Inc.                 270           9,887               
Phillips-Van Heusen                     400          10,352               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Polo Ralph Lauren Corp.               1,400    $     49,140               
Quiksilver, Inc. (A)                  1,200          33,060               
Russell Corp.                           600          10,506               
Skechers U.S.A., Inc., Cl. A (A)        600           7,344               
Warnaco Group, Inc. (A)                 600          13,476               
                                ------------
                                     296,877
                                ------------
AUTOMOTIVE--1.1%                                                                
Aftermarket Technology Corp. (A)        500           7,730               
American Axle & Manufacturing                                             
Holdings, Inc.                      1,630          32,535             
Arctic Cat, Inc.                        380           8,998               
ArvinMeritor, Inc.                      930          11,048               
BorgWarner, Inc.                      1,070          48,920               
Clarcor, Inc.                           370          18,726               
Collins & Aikman Corp. (A)            2,800           2,296               
Dollar Thrifty Automotive Group (A)     440          14,894               
Federal Signal Corp.                    800          11,224               
Group 1 Automotive, Inc. (A)            300           7,545               
Harsco Corp.                            530          28,434               
Hayes Lemmerz International, Inc. (A)   870           4,672               
Keystone Automotive Industries,                                           
Inc. (A)                              250           5,007             
Mcgrath Rentcorp                        400           8,880               
Midas, Inc. (A)                         400           8,648               
Monaco Coach Corp.                      450           6,381               
Monro Muffler, Inc. (A)                 300           7,680               
Oshkosh Truck Corp.                     750          56,363               
Polaris Industries, Inc.                870          50,077               
Sports Resorts International,                                             
Inc. (A)                            3,847           8,925             
SPX Corp.                             1,169          45,229               
Standard Motor Products, Inc.           550           4,994               
Stoneridge, Inc. (A)                    500           4,990               
Superior Industries                                                       
International                           300           6,099               
Teleflex, Inc.                        1,030          55,074               
Tenneco Automotive, Inc. (A)            550           7,057               
TRW Automotive Holdings Corp. (A)     2,110          37,579               
United Auto Group, Inc.               1,408          39,903               
Winnebago Industries                    420          12,239               
                                ------------
                                     562,147
                                ------------
BANKS--7.0%                                                                     
1st Source Corp.                        510          11,271               
Alabama National Bancorp                200          11,436               
Amcore Financial, Inc.                  490          12,622               
Anchor Bancorp Wisconsin, Inc.          480          12,682               
Arrow Financial Corp.                   257           6,323               
Associated Bancorp                    1,621          50,121               
Astoria Financial Corp.               1,671          44,298               
Bancfirst Corp.                         150          10,573               
Bancorpsouth, Inc.                    1,350          28,579               
Bank Mutual Corp.                     1,927          20,291               
Bank of Granite Corp.                   872          15,234               
Bank of Hawaii Corp.                    766          36,270               
Bank of the Ozarks, Inc.                300           9,291               
BankAtlantic Bancorp, Inc., Cl. A       950          16,207               
Bankunited Financial Corp.              770          18,388               

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Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Banner Corp.                            754    $     18,812               
BOK Financial Corp. (A)                 801          33,522               
Boston Private Financial                                                  
Holdings, Inc.                        540          12,064             
Brookline Bancorp, Inc.                 680          10,200               
Capital City Bank Group, Inc.           290          10,924               
Capitol Federal Financial             1,126          38,228               
Cascade Bancorp                         400           7,752               
Cathay General Bancorp                  682          22,417               
Charter Financial Corp.                 360          11,347               
Chemical Financial Corp.                945          28,312               
Chittenden Corp.                      1,555          39,046               
Citizens Banking Corp.-Michigan         610          16,354               
Citizens First Bancorp, Inc.            703          14,376               
City Bank-Lynnwood WA                   250           7,410               
City Holding Co.                        350          11,256               
City National Corp.                     550          38,775               
Clifton Savings Bancorp, Inc.           600           6,132               
Coastal Financial Corp.                  79           1,154               
CoBiz, Inc.                             787          13,222               
Colonial BancGroup, Inc.              1,945          42,907               
Columbia Banking Systems, Inc.          350           8,214               
Commerce Bancorp, Inc.                2,200          61,578               
Commerce Bancshares, Inc.               976          47,033               
Commercial Capital Bancorp, Inc.      1,180          18,632               
Commercial Federal Corp.                450          11,749               
Community Bank System, Inc.             620          13,721               
Community Trust Bancorp, Inc.           275           8,264               
Corus Bankshares, Inc.                  500          24,415               
Cullen/Frost Bankers, Inc.              850          36,822               
CVB Financial Corp.                     893          15,360               
Downey Financial Corp.                  350          22,655               
East-West Bancorp, Inc.                 700          22,484               
Euronet Worldwide, Inc. (A)             350          10,346               
Fidelity Bankshares, Inc.               495          11,415               
First Bancorp Puerto Rico               700          25,382               
First Bancorp-North Carolina            375           7,597               
First Busey Corp.                       375           7,125               
First Charter Corp.                     600          12,984               
First Citizens BancShares, Inc.,                                          
Cl. A                                 100          12,852             
First Commonwealth Financial Corp.    1,000          13,160               
First Community Bancorp, Inc.           350          14,472               
First Financial Bancorp               1,070          18,500               
First Financial Bankshares, Inc.        360          14,724               
First Financial Corp.-Indiana           250           6,655               
First Financial Holdings, Inc.          250           6,655               
First Merchants Corp.                   300           7,626               
First Midwest Bancorp, Inc.           1,337          43,666               
First Niagara Financial Group, Inc.   1,346          16,879               
First Oak Brook Bancshares, Inc.        250           7,122               
First of Long Island Corp.              300          11,472               
First Republic Bank                     480          15,019               
FirstFed Financial Corp. (A)            320          16,202               
FirstMerit Corp.                      1,235          30,295               
Flagstar Bancorp, Inc.                1,250          23,800               
Flushing Financial Corp.                450           7,362               
FNB Corp.                             1,441          27,307               
Franklin Bank Corp. (A)                 450           7,564               
Frontier Financial Corp.                400          14,428               
Fulton Financial Corp.                2,029          42,305               
Glacier Bancorp, Inc.                   475          12,716               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Gold Banc Corp., Inc.                   750    $     10,372               
Great Southern Bancorp, Inc.            250           7,235               
Greater Bay Bancorp                     730          18,367               
Hancock Holding Co.                     400          11,928               
Hanmi Financial Corp.                   600           8,790               
Harbor Florida Bancshares, Inc.         600          20,760               
Harleysville National Corp.             367           7,318               
Hibernia Corp., Cl. A                 2,170          67,769               
Hudson City Bancorp, Inc.             2,520          83,588               
Hudson United Bancorp                 1,250          42,825               
IBERIABANK Corp.                        150           8,548               
Independence Community Bank           1,883          67,185               
Independent Bank Corp.                  250           6,860               
Independent Bank Corp.-Michigan         440          12,021               
IndyMac Bancorp, Inc.                   660          25,397               
Integra Bank Corp.                      350           7,140               
Interchange Financial Services          450           7,911               
International Bancshares Corp.          717          25,776               
Investors Financial Services Corp.      965          40,482               
Irwin Financial Corp.                   400           8,028               
ITLA Capital Corp. (A)                  384          17,626               
KNBT Bancorp, Inc.                      700           9,611               
Levitt Corp., Cl. A                     237           5,944               
MAF Bancorp, Inc.                       910          36,746               
Main Street Banks, Inc.                 460          10,897               
MB Financial, Inc.                      990          36,006               
Mercantile Bankshares Corp.           1,120          56,907               
Mid-State Bancshares                    350           8,533               
Midwest Banc Holdings, Inc.             350           6,335               
Nara Bancorp, Inc.                      700           9,408               
NASB Financial, Inc.                    556          21,745               
National Penn Bancshares, Inc.          437           9,798               
NBT Bancorp, Inc.                       500          10,390               
Netbank, Inc.                           750           6,158               
New York Community Bancorp, Inc.      3,523          62,357               
NewAlliance Bancshares, Inc.          1,350          17,685               
Northwest Bancorp, Inc.                 580          11,931               
OceanFirst Financial Corp.              350           7,473               
Ocwen Financial Corp. (A)             1,430          10,410               
Old National Bancorp-Indiana          1,102          21,037               
Old Second Bancorp, Inc.                300           8,883               
Omega Financial Corp.                   200           5,658               
Oriental Financial Group                429           5,985               
Pacific Capital Bancorp               1,000          28,830               
Park National Corp.                     304          30,552               
Partners Trust Financial Group, Inc.  2,888          29,342               
Peapack Gladstone Financial Corp.       550          15,400               
Peoples Bancorp, Inc.-Ohio              250           6,488               
Peoples Bank Bridgeport               1,365          56,688               
PFF Bancorp, Inc.                       495          13,820               
Popular, Inc.                         4,090          94,643               
PrivateBancorp, Inc.                    460          14,375               
Prosperity Bancshares, Inc.             260           6,643               
Provident Bancorp, Inc.                 700           7,413               
Provident Bankshares Corp.              450          13,176               
Provident Financial Services, Inc.    2,218          37,684               
R&G Financial Corp., Cl. B              380           5,400               
Renasant Corp.                          535          15,649               
Republic Bancorp, Inc.                1,188          15,064               
Republic Bancorp, Inc.. Cl. A           420           8,873               
Riggs National Corp.                    350           6,836               

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Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

S&T  Bancorp, Inc.                      500    $     16,900               
Sandy Spring Bancorp, Inc.              330          10,250               
Santander BanCorp                     1,415          31,356               
Seacoast Banking Corp. of Florida       350           6,461               
Signature Bank (A)                      300           7,389               
Silicon Valley Bancshares (A)           650          30,810               
Sky Financial Group, Inc.             1,393          36,357               
South Financial Group, Inc.           1,081          28,528               
Southwest Bancorp of Texas            1,200          19,920               
Sterling Bancorp-New York               300           6,903               
Sterling Bancshares, Inc.               700           9,401               
Sterling Financial Corp.-                                                 
Pennsylvania                          500          12,630             
Sterling Financial Corp.-                                                 
Washington (A)                        440          14,384             
Suffolk Bancorp                         250           6,520               
Sun Bancorp, Inc.-New Jersey (A)        367           7,344               
Susquehanna Bancshares, Inc.            610          12,828               
SY Bancorp, Inc.                        350           7,560               
TCF Financial Corp.                   2,000          50,580               
Texas Regional Bancshares, Inc.,                                          
Cl. A                                 975          27,173             
Tompkins Trustco, Inc.                  165           6,395               
Trico Bancshares                        400           7,628               
Trustco Bank Corp.                    1,150          12,662               
Trustmark Corp.                         800          22,016               
UCBH Holdings, Inc.                   1,000          15,730               
UMB Financial Corp.                     250          13,533               
Umpqua Holdings Corp.                   620          13,776               
UnionBanCal Corp.                     2,177         134,016               
United Bankshares, Inc.                 700          21,434               
United Community                                                          
Banks-Georgia                           450          10,211               
United Community Financial                                                
Corp.-Ohio                            600           6,192             
Unizan Financial Corp.                  490          12,456               
USB Holding Co., Inc.                   367           7,413               
Valley National Bancorp               1,355          33,590               
W Holding Co., Inc.                   2,106          17,038               
Washington Federal, Inc.              2,150          47,924               
Washington Trust Bancorp, Inc.          300           7,293               
Webster Financial Corp.                 621          28,224               
WesBanco, Inc.                          340           9,136               
West Coast Bancorp-Oregon               350           7,158               
Westamerica Bancorporation              600          29,964               
Westcorp                                900          40,266               
Whitney Holding Corp.                   375          16,976               
Willow Grove Bancorp, Inc.              892          13,817               
Wilmington Trust Corp.                1,025          36,234               
Wintrust Financial Corp.                250          11,478               
WSFS Financial Corp.                    150           7,670               
                                ------------
                                   3,650,576
                                ------------
BEAUTY PRODUCTS--0.3%                                                           
Chattem, Inc. (A)                       500          20,570               
Elizabeth Arden, Inc. (A)               350           7,665               
Estee Lauder Cos., Inc., Cl. A        2,499          95,987               
Inter Parfums, Inc.                     300           4,335               
Playtex Products, Inc. (A)            1,520          15,428               
                                ------------
                                     143,985
                                ------------
BROADCASTING, NEWSPAPERS & ADVERTISING--2.3%                                    
4Kids Entertainment, Inc. (A)           350           7,056               
Beasley Broadcasting Group, Cl. A (A)   500           7,880               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Cablevision Systems Corp., Cl. A (A)  4,499    $    116,749               
Catalina Marketing Corp.              1,150          26,737               
Charter Communications, Inc.,                                             
Cl. A (A)                           2,810           3,260             
Citadel Broadcasting Corp. (A)        2,750          34,567               
COX Radio, Inc., Cl. A (A)              650          10,218               
Crown Media Holdings, Inc.,                                               
Cl. A (A)                           1,870          16,362             
Cumulus Media, Inc., Cl. A (A)          600           7,788               
DIRECTV Group, Inc. (A)              21,132         298,384               
Emmis Communications Corp.,                                               
Cl. A (A)                             760          11,727             
Entercom Communications Corp. (A)       450          14,503               
Entravision Communications Corp.,                                         
Cl. A (A)                           1,000           7,870             
Fisher Communications, Inc. (A)         250          12,010               
Gaylord Entertainment Co. (A)           400          16,000               
Getty Images, Inc. (A)                  800          57,240               
Hearst-Argyle Television, Inc.        1,500          37,650               
Insight Communications (A)              450           5,044               
Lamar Advertising Co. (A)             2,250          84,105               
Liberty Corp.                           250           9,065               
Liberty Media International, Inc.,                                        
Cl A (A)                            2,554         105,914             
Lin TV Corp., Cl. A (A)                 640           9,978               
Mediacom Communications Corp. (A)     2,700          14,931               
Price Communications Corp. (A)        1,050          17,829               
Radio One, Inc., Cl. A (A)            1,750          22,785               
Regent Communications, Inc. (A)       1,250           6,650               
Saga Communications, Inc. (A)           400           5,884               
Salem Communications Corp. (A)          250           4,805               
Sinclair Broadcast Group, Inc.,                                           
Cl. A                               1,510          11,567             
Spanish Broadcasting System,                                              
Cl. A (A)                             750           6,263             
Tivo, Inc. (A)                        1,500           8,445               
UnitedGlobalCom, Inc., Cl. A (A)      5,649          50,559               
Valueclick, Inc. (A)                  3,091          32,023               
Westwood One, Inc. (A)                2,080          38,064               
XM Satellite Radio Holdings, Inc.,                                        
Cl. A (A)                           2,977          82,582             
                                ------------
                                   1,202,494
                                ------------
BUILDING & CONSTRUCTION--2.3%                                                   
ABM Industries, Inc.                  1,550          28,163               
Beazer Homes USA, Inc.                  570          25,992               
Brookfield Homes Corp.                  800          34,344               
Champion Enterprises, Inc. (A)        1,709          16,133               
DR Horton, Inc.                       4,740         144,570               
Drew Industries, Inc. (A)               200           7,576               
Dycom Industries, Inc. (A)            1,630          37,914               
Eagle Materials, Inc.                   500          37,625               
ElkCorp                                 280           7,700               
Encompass Services Corp. (A) +        1,000              --               
Fleetwood Enterprises, Inc. (A)       1,003           7,663               
Florida Rock Industries, Inc.           450          26,136               
Genlyte Group, Inc. (A)                 200          15,868               
Granite Construction, Inc.              575          12,983               
Griffon Corp. (A)                       700          13,433               
Hovnanian Enterprises, Inc.,                                              
Cl. A (A)                           1,390          70,570             
Insituform Technologies, Inc. (A)       450           6,709               
JLG Industries, Inc.                  1,788          36,439               
Lafarge North America, Inc.           1,000          55,510               

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Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Lennar Corp.                          2,372    $    122,087               
M/I Homes, Inc.                         270          12,339               
Martin Marietta Materials, Inc.         500          27,495               
MDC Holdings, Inc.                      936          61,196               
Meritage Corp. (A)                      400          25,316               
NCI Building Systems, Inc. (A)          250           8,105               
NVR, Inc. (A)                            93          66,807               
Palm Harbor Homes, Inc. (A)             400           6,816               
Ryland Group, Inc.                      786          48,260               
Simspon Manufacturing Co., Inc.         800          21,600               
Skyline Corp.                           200           7,220               
Standard-Pacific Corp.                  350          25,064               
Technical Olympic USA, Inc.             712          14,988               
Toll Brothers, Inc. (A)               1,060          80,348               
Universal Forest Products, Inc.         290          11,037               
USG Corp. (A)                           550          23,095               
Walter Industries, Inc.                 800          27,440               
WCI Communities, Inc. (A)               500          14,015               
William Lyon Homes, Inc. (A)             90           7,956               
                                ------------
                                   1,196,512
                                ------------
CHEMICALS--1.6%                                                                 
Airgas, Inc.                          1,350          29,592               
Albemarle Corp.                         700          25,627               
American Vanguard Corp.                 400           7,060               
Arch Chemicals, Inc.                    440          11,343               
Cabot Corp.                             650          19,857               
Cabot Microelectronics Corp. (A)        250           7,197               
Celanese Corp., Cl. A                 2,421          35,226               
Church & Dwight, Inc.                   675          24,313               
Crompton Corp.                        2,900          40,745               
Cytec Industries, Inc.                  360          16,603               
Ferro Corp.                             660          11,959               
FMC Corp. (A)                           400          19,600               
Georgia Gulf Corp.                      550          20,300               
HB Fuller Co.                           400          12,128               
Hexcel Corp. (A)                        700          11,480               
Huntsman Corp.                        3,363          70,758               
Kronos Worldwide, Inc.                1,409          47,695               
Lubrizol Corp.                        1,300          50,401               
Lyondell Chemical Co.                 3,534          88,668               
MacDermid, Inc.                       1,182          35,874               
Minerals Technologies, Inc.             655          42,785               
Nalco Holding Co. (A)                 2,063          37,134               
NL Industries                         1,190          19,135               
Olin Corp.                              590          10,467               
OM Group, Inc. (A)                      950          20,843               
PolyOne Corp. (A)                     1,930          14,900               
Scotts Co., Cl. A (A)                   750          54,300               
Spartech Corp.                          740          14,408               
SurModics, Inc. (A)                     350          12,625               
Terra Industries, Inc. (A)            2,060          14,214               
Westlake Chemical Corp.                 921          24,176               
                                ------------
                                     851,413
                                ------------
COAL MINING--0.6%                                                               
Alliance Resource Partners LP           320          20,813               
Arch Coal, Inc.                       1,400          62,076               
Consol Energy, Inc.                   1,308          56,558               
Foundation Coal Holdings, Inc. (A)    1,084          25,311               
Massey Energy Co.                     1,105          39,901               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Natural Resource Partners LP            200    $     10,622               
Peabody Energy Corp.                  1,788          78,261               
Penn Virginia Resource                                                    
Partners LP                             500          22,550               
                                ------------
                                     316,092
                                ------------
COMMUNICATIONS EQUIPMENT--1.3%                                                  
Applied Signal Technology, Inc.         250           4,877               
Arris Group, Inc. (A)                 1,450          11,005               
Belden CDT, Inc.                      1,588          29,124               
Broadwing Corp. (A)                     564           2,076               
C-COR.net Corp. (A)                     900           5,949               
Checkpoint Systems, Inc. (A)            660          10,448               
CommScope, Inc. (A)                     700           9,884               
Comtech Telecommunications (A)          573          20,118               
CTS Corp.                               650           6,857               
Digital Theater Systems, Inc. (A)       300           5,070               
Dionex Corp. (A)                        600          25,770               
Ditech Communications Corp. (A)         450           5,089               
Echostar Communications Corp.,                                            
Cl. A (A)                           3,120          90,324             
Gemstar-TV Guide International,                                           
Inc. (A)                            6,165          23,735             
Harman International                                                      
Industries, Inc.                      959          75,358             
Harmonic, Inc. (A)                    1,270           6,998               
Harris Corp.                          1,938          54,652               
Inter-Tel, Inc.                         470           8,949               
Interdigital Communications                                               
Corp. (A)                             960          15,706             
InterVoice-Brite, Inc. (A)              500           5,362               
Mercury Computer Systems, Inc. (A)      300           7,899               
Openwave Systems, Inc. (A)            1,780          23,834               
Plantronics, Inc.                       750          23,618               
Polycom, Inc. (A)                     1,150          17,549               
Powerwave Technologies, Inc. (A)        250           1,805               
Remec, Inc. (A)                       1,050           5,198               
Seachange International, Inc. (A)       450           4,637               
Sirius Satellite Radio, Inc. (A)     22,710         108,100               
Somera Communications, Inc. (A)       1,150           1,656               
Sonus Networks, Inc. (A)              4,761          16,378               
Tekelec (A)                           2,230          30,350               
Utstarcom, Inc. (A)                   1,400          13,314               
Viasat, Inc. (A)                        500           8,905               
                                ------------
                                     680,594
                                ------------
COMPUTERS & SERVICES--6.6%                                                      
3Com Corp. (A)                       10,880          34,272               
Adaptec, Inc. (A)                     3,250          11,895               
Advanced Digital Information                                              
Corp. (A)                             650           4,491             
Aeroflex, Inc. (A)                      650           5,154               
Aether Systems, Inc. (A)                150             501               
Agile Software Corp. (A)                900           5,913               
Agilysys, Inc.                        2,052          27,127               
Amazon.com, Inc. (A)                  5,924         191,701               
Ansys, Inc. (A)                         620          18,873               
Anteon International Corp. (A)          600          25,080               
aQuantive, Inc. (A)                     800           8,880               
Ascential Software Corp. (A)            520           9,604               
Ask Jeeves, Inc. (A)                  1,745          47,447               
Atheros Communications, Inc. (A)        550           4,004               
Authentidate Holding Corp. (A)          550           2,233               
Autobytel, Inc. (A)                     960           4,579               

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Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Avocent Corp. (A)                     1,255    $     31,551               
Black Box Corp.                         600          19,512               
Blue Coat Systems, Inc. (A)              20             288               
Brady Corp.                             700          20,755               
CACI International, Inc., Cl. A (A)     300          18,636               
Cadence Design Systems, Inc. (A)      3,840          53,760               
CDW Corp.                             1,090          59,612               
Ceridian Corp. (A)                    1,650          27,835               
Checkfree Corp. (A)                   1,378          50,545               
Ciber, Inc. (A)                       1,140           8,869               
Cirrus Logic, Inc. (A)                1,640           6,921               
CMGI, Inc. (A)                       12,250          21,560               
CNET Networks, Inc. (A)               4,720          46,799               
Cogent, Inc. (A)                      1,136          25,560               
Cognex Corp.                            850          18,564               
Cognizant Technology Solutions                                            
Corp. (A)                           1,936          81,331             
Cray, Inc. (A)                        1,910           4,087               
Diebold, Inc.                           990          47,886               
Digital Insight Corp. (A)               400           8,028               
Digital River, Inc. (A)                 350           9,310               
Digitas, Inc. (A)                       850           8,475               
DoubleClick, Inc. (A)                 4,812          38,688               
Drugstore.com (A)                     1,750           4,183               
Earthlink, Inc. (A)                   4,020          36,904               
Electronics for Imaging (A)           1,100          18,062               
Enterasys Networks, Inc. (A)          5,920           4,262               
Extreme Networks, Inc. (A)            3,800          16,910               
Factset Research Systems, Inc.        1,650          45,804               
FindWhat.com (A)                        350           2,947               
Google, Inc., Cl. A (A)               4,188         921,360               
GSI Commerce, Inc. (A)                  900          13,050               
Harris Interactive, Inc. (A)          1,000           4,160               
Homestore, Inc. (A)                   1,650           3,234               
Hutchinson Technology, Inc. (A)         320          11,853               
I-many, Inc. (A)                        600             990               
Imation Corp.                           430          14,994               
Infospace, Inc. (A)                     865          26,806               
InterActiveCorp (A)                  10,212         222,009               
Intergraph Corp. (A)                    900          26,613               
Interland, Inc. (A)                     115             217               
Internap Network Services (A)           500             210               
Jack Henry & Associates               1,050          18,050               
Keynote Systems, Inc. (A)             1,473          16,129               
Komag, Inc. (A)                         450          10,584               
Kronos, Inc. (A)                        550          21,478               
Lexar Media, Inc. (A)                   590           2,673               
Macromedia, Inc. (A)                  1,120          44,363               
Manhattan Associates, Inc. (A)          960          18,125               
Maxtor Corp. (A)                      7,475          36,254               
McAfee, Inc. (A)                      2,320          48,511               
McData Corp., Cl. A (A)               1,320           4,066               
Mentor Graphics Corp. (A)             2,380          21,277               
Micros Systems, Inc. (A)                620          24,583               
NetFlix, Inc. (A)                       500           5,780               
Netratings, Inc. (A)                    500           7,265               
Nuance Communications, Inc. (A)         150             420               
NYFIX, Inc. (A)                         850           4,497               
Overland Storage, Inc. (A)              732           7,759               
Overstock.com, Inc. (A)                 200           7,056               
PalmOne, Inc. (A)                       670          14,358               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Paxar Corp. (A)                         860    $     15,411               
Perot Systems Corp., Cl. A (A)        1,570          19,829               
Pinnacle Systems, Inc. (A)            1,340           6,673               
Priceline.com, Inc. (A)                 421          10,677               
ProQuest Co. (A)                        350          11,354               
Quantum Corp. (A)                     4,540          10,896               
Redback Networks (A)                      3              16               
RSA Security, Inc. (A)                1,850          19,869               
Safenet, Inc. (A)                     1,133          31,667               
Sandisk Corp. (A)                     2,270          53,799               
Sapient Corp. (A)                     1,450          10,368               
Scansource, Inc. (A)                    400          18,500               
Seagate Technology                    6,742         118,524               
Secure Computing Corp. (A)              790           6,992               
Silicon Graphics, Inc. (A)           13,514          10,541               
SRA International, Inc. (A)             330          21,566               
Stamps.com, Inc. (A)                  1,494          28,879               
Storage Technology Corp. (A)          1,550          43,090               
Synaptics, Inc. (A)                     350           6,346               
Synopsys, Inc. (A)                    1,720          28,277               
Syntel, Inc.                            610           9,784               
United Online, Inc. (A)               1,775          15,602               
VeriSign, Inc. (A)                    3,460          91,552               
WebMD Corp. (A)                       4,544          43,168               
Websense, Inc. (A)                      350          18,568               
Western Digital Corp. (A)             3,121          39,605               
Zebra Technologies Corp., Cl. A (A)     875          41,790               
                                ------------
                                   3,431,465
                                ------------
CONSUMER PRODUCTS--0.3%                                                         
Blyth, Inc.                             850          23,298               
Central Garden and Pet Co. (A)          350          14,556               
CSS Industries, Inc.                    200           6,494               
Furniture Brands                                                          
International, Inc.                     630          12,209               
Jarden Corp. (A)                        440          19,655               
Russ Berrie & Co., Inc.                 300           3,879               
Sturm Ruger & Co., Inc.                 600           3,960               
Timberland Co., Cl. A (A)               350          24,168               
Topps Co., Inc.                         550           4,741               
WD-40 Co.                               350           9,814               
Wolverine World Wide, Inc.            1,050          21,305               
                                ------------
                                     144,079
                                ------------
CONSUMER SERVICES--0.8%                                                         
AMN Healthcare Services, Inc. (A)       400           5,908               
CoStar Group, Inc. (A)                  340          13,447               
G&K Services, Inc., Cl. A               970          37,228               
Heidrick & Struggles International,                                       
Inc. (A)                              558          14,430             
Hewitt Associates, Inc., Cl. A (A)    1,550          41,245               
infoUSA, Inc. (A)                     1,200          13,176               
Kelly Services, Inc., Cl. A           1,272          33,403               
Korn/Ferry International (A)            700          10,080               
Magellan Health Services, Inc. (A)      800          27,248               
Manpower, Inc.                        1,312          50,578               
MPS Group, Inc. (A)                   3,440          27,486               
On Assignment, Inc. (A)                 550           2,365               
Regis Corp.                             400          14,292               
Service Corp. International           5,231          36,826               
Sunrise Senior Living, Inc. (A)         300          15,372               

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Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Weight Watchers International,                                            
Inc. (A)                            1,500    $     62,625             
                                ------------
                                     405,709
                                ------------
CONTAINERS & PACKAGING--0.4%                                                    
Chesapeake Corp.                        460           8,933               
Crown Holdings, Inc. (A)              2,650          39,883               
Greif, Inc., Cl. A                      350          24,280               
Longview Fibre Co.                    1,350          24,948               
Owens-Illinois, Inc. (A)              2,172          53,257               
Silgan Holdings, Inc.                   230          14,071               
Sonoco Products Co.                   1,427          38,657               
                                ------------
                                     204,029
                                ------------
DATA PROCESSING--0.7%                                                           
Acxiom Corp.                            800          15,200               
Arbitron, Inc.                          420          17,775               
Certegy, Inc.                           900          32,787               
Choicepoint, Inc. (A)                 1,233          48,667               
CSG Systems International (A)           900          15,471               
Dun & Bradstreet Corp. (A)            1,000          62,440               
eFunds Corp. (A)                        713          15,586               
Fair Isaac & Co., Inc.                1,480          48,662               
Filenet Corp. (A)                       450          11,925               
NAVTEQ Corp. (A)                      1,200          43,704               
Total System Services, Inc.           2,866          70,446               
                                ------------
                                     382,663
                                ------------
DIVERSIFIED MANUFACTURING--0.0%                                                 
Crane Co.                               941          24,090               
                                ------------
ELECTRICAL SERVICES--2.1%                                                       
Allete, Inc.                            282          11,751               
Alliant Energy Corp.                  1,648          43,408               
Aquila, Inc. (A)                      3,275          11,266               
Avista Corp.                            790          13,264               
AVX Corp.                             1,552          16,901               
Black Hills Corp.                       840          28,795               
CH Energy Group, Inc.                   150           6,398               
Cleco Corp.                             500          10,210               
DPL, Inc.                             1,842          46,861               
Duquesne Light Holdings, Inc.         1,500          26,385               
El Paso Electric Co. (A)                900          17,559               
EMCOR Group, Inc. (A)                   440          19,659               
Empire District Electric Co.            360           7,949               
Energy East Corp.                     2,050          53,341               
GrafTech International Ltd. (A)         750           2,858               
Great Plains Energy, Inc.             1,133          34,647               
Hawaiian Electric Industries          1,200          30,360               
Hubbell, Inc., Cl. B                    933          40,539               
Idacorp, Inc.                           610          16,458               
Kemet Corp. (A)                       1,800          11,250               
MDU Resources Group, Inc.             1,711          46,248               
MGE Energy, Inc.                        400          13,328               
Newpower Holdings, Inc. (A)           1,050             168               
Northeast Utilities                   1,300          23,803               
NRG Energy, Inc. (A)                  1,300          40,430               
NSTAR                                   772          41,796               
OGE Energy Corp.                        850          23,460               
Otter Tail Corp.                        450          11,043               
Pepco Holdings, Inc.                  2,703          58,574               
Plug Power, Inc. (A)                  1,000           5,550               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

PNM Resources, Inc.                     919    $     25,410               
Puget Energy, Inc.                    1,448          31,045               
Quanta Services, Inc. (A)             3,750          29,925               
Reliant Resources, Inc. (A)           4,344          44,178               
Rogers Corp. (A)                        250           8,635               
Scana Corp.                           1,530          59,425               
Sierra Pacific Resources (A)          1,800          19,476               
Touch America Holdings, Inc. (A)        450               1               
UIL Holdings Corp.                      300          15,402               
Unisource Energy Corp.                  550          17,188               
Vicor Corp.                             400           4,720               
Vishay Intertechnology, Inc. (A)      2,337          24,983               
Westar Energy, Inc.                   1,150          26,335               
Wisconsin Energy Corp.                1,670          58,884               
WPS Resources Corp.                     500          26,365               
                                ------------
                                   1,106,231
                                ------------
ELECTRICAL TECHNOLOGY--0.5%                                                     
Ametek, Inc.                          1,000          37,870               
C&D Technologies, Inc.                  300           2,109               
Capstone Turbine Corp. (A)              200             226               
Carlisle Cos., Inc,                     310          22,264               
Daktronics, Inc. (A)                    300           6,108               
Dolby Laboratories, Inc., Cl. A (A)   2,440          49,898               
Electro Scientific Industries,                                            
Inc. (A)                              600           9,918             
Encore Wire Corp. (A)                   375           3,412               
Energizer Holdings, Inc. (A)          1,150          65,516               
FuelCell Energy, Inc. (A)               650           5,200               
LaserCard Corp. (A)                     650           3,465               
Lincoln Electric Holdings, Inc.         790          24,135               
Taser International, Inc. (A)           760           6,566               
Technitrol, Inc. (A)                    450           5,841               
Wilson Greatbatch Technologies,                                           
Inc. (A)                              350           6,713             
                                ------------
                                     249,241
                                ------------
ELECTRONIC & OTHER ELECTRICAL EQUIPMENT--0.1%                                   
Thomas & Betts Corp. (A)                876          27,261               
                                ------------
ENTERTAINMENT--2.0%                                                             
Alliance Gaming Corp. (A)               650           7,410               
Argosy Gaming Co. (A)                   918          42,173               
Avid Technology, Inc. (A)               310          15,348               
Blockbuster, Inc., Cl. A              4,107          40,659               
Carmike Cinemas, Inc.                   200           7,000               
Cedar Fair LP                         1,450          43,746               
Churchill Downs, Inc.                   200           7,580               
Department 56, Inc. (A)               1,045          13,627               
Dover Downs Gaming &                                                      
Entertainment, Inc.                   490           5,895             
Dover Motorsports, Inc.                 700           3,199               
DreamWorks Animation SKG,                                                 
Inc., Cl. A (A)                     1,531          57,413             
International Speedway, Inc., Cl. A     775          41,230               
Isle of Capri Casinos, Inc. (A)         480          11,597               
Lakes Entertainment, Inc. (A)           450           6,629               
Liberty Media Corp., Cl. A (A)       44,537         447,151               
Macrovision Corp. (A)                   610          12,475               
Multimedia Games, Inc. (A)              500           3,955               
Penn National Gaming, Inc. (A)        1,300          40,950               
Pinnacle Entertainment, Inc. (A)        600           9,096               

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Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Regal Entertainment Group, Cl. A      2,090    $     42,406               
Royal Caribbean Cruises Ltd.          2,811         118,118               
Scientific Games Corp., Cl. A (A)     1,330          28,555               
Shuffle Master, Inc. (A)                585          14,736               
Six Flags, Inc. (A)                   1,250           4,875               
Speedway Motorsports, Inc.              620          21,266               
                                ------------
                                   1,047,089
                                ------------
ENVIRONMENTAL SERVICES--0.3%                                                    
Casella Waste Systems, Inc.,                                              
Cl. A (A)                              75             884             
Eden Bioscience Corp. (A)                50              32               
KFX, Inc. (A)                           912           9,941               
Republic Services, Inc.               2,150          74,390               
Stericycle, Inc. (A)                    450          21,902               
Waste Connections, Inc. (A)             900          31,698               
                                ------------
                                     138,847
                                ------------
FINANCIAL SERVICES--2.8%                                                        
Accredited Home Lenders                                                   
Holding Co. (A)                       430          17,084             
ACE Cash Express, Inc. (A)              300           6,600               
Actrade Financial Technologies                                            
Ltd. (A)+                            350              --              
Advance America Cash Advance                                              
Centers, Inc. (A)                   1,822          25,380             
Advanta Corp., Cl. A                    450          10,152               
Affiliated Managers Group (A)           375          23,449               
Affordable Residential                                                    
Communities                             500           6,440               
AG Edwards, Inc.                      1,215          48,248               
Alliance Capital Management                                               
Holding LP                          1,163          52,265             
American Real Estate Partners LP (A)    770          21,021               
AmeriCredit Corp. (A)                 2,210          51,714               
Ameritrade Holding Corp., Cl. A (A)   6,133          64,274               
Blackrock, Inc.                         210          15,742               
CapitalSource, Inc. (A)               1,712          35,952               
CharterMac                            1,701          35,551               
Chicago Mercantile Exchange             450          87,984               
Coinstar, Inc. (A)                      450           7,713               
CompuCredit Corp. (A)                   500          13,245               
Credit Acceptance Corp. (A)             830          15,562               
Doral Financial Corp.                 1,520          21,356               
Eaton Vance Corp.                     1,966          46,063               
Encore Capital Group, Inc. (A)          500           7,825               
eSpeed, Inc. (A)                        600           5,184               
Federal Agricultural Mortgage                                             
Corp., Cl. A                          400           5,388             
Financial Federal Corp.                 410          14,473               
First Cash Financial Services,                                            
Inc. (A)                              350           6,839             
First Marblehead Corp. (A)              998          38,453               
Friedman Billing Ramsey Group, Inc.   2,078          25,123               
Gabelli Asset Management, Inc.,                                           
Cl. A                                 767          30,619             
Global Signal, Inc.                     987          29,452               
Instinet Group, Inc. (A)              6,350          33,337               
Interactive Data Corp. (A)            2,200          44,110               
Investment Technology Group,                                              
Inc. (A)                              750          14,257             
Jefferies Group, Inc.                 1,600          57,920               
Knight Trading Group, Inc. (A)        1,650          13,909               
LaBranche & Co., Inc. (A)               830           5,519               
Ladenburg Thalmann Financial                                              
Services, Inc. (A)                    163              93             

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Legg Mason, Inc.                      1,537    $    108,912               
Metris Cos., Inc. (A)                   900          10,908               
Nelnet, Inc., Cl. A (A)                 822          26,181               
Nuveen Investments, Inc.              1,300          44,187               
PHH Corp. (A)                         1,279          28,586               
Piper Jaffray Cos. (A)                  250           6,912               
Portfolio Recovery Associates,                                            
Inc. (A)                              250           8,988             
Raymond James Financial, Inc.           900          24,273               
SEI Investments Co.                   2,350          77,104               
Student Loan Corp.                      291          56,381               
SWS Group, Inc.                         450           6,570               
Trustreet Properties, Inc.              500           7,820               
United PanAm Financial Corp. (A)      1,080          23,890               
Value Line, Inc.                        100           3,940               
Waddell & Reed Financial, Inc.,                                           
Cl. A                               2,090          36,387             
WFS Financial, Inc. (A)                 450          20,228               
World Acceptance Corp. (A)              400          10,180               
                                ------------
                                   1,439,743
                                ------------
FOOD, BEVERAGE & TOBACCO--3.3%                                                  
American Italian Pasta Co.              400           9,464               
Chiquita Brands International, Inc.     619          15,506               
Coca-Cola Bottling Co.                                                    
Consolidated                            150           7,158               
Constellation Brands, Inc.,                                               
Cl. A (A)                           1,490          78,538             
Corn Products International, Inc.     1,300          28,626               
Dean Foods Co. (A)                    2,060          70,782               
Del Monte Foods Co. (A)               3,201          33,386               
Farmer Bros. Co.                        500          10,950               
Flowers Foods, Inc.                   1,150          33,166               
Hain Celestial Group, Inc. (A)          500           8,875               
Hormel Foods Corp.                    2,019          62,872               
J&J Snack Foods Corp.                   270          13,216               
JM Smucker Co.                          893          44,311               
Kraft Foods, Inc., Cl. A             26,085         845,415               
Lancaster Colony Corp.                  700          29,092               
Lance, Inc.                             710          11,701               
National Beverage Corp.               1,340           9,514               
Panera Bread Co., Cl. A (A)             600          30,012               
PepsiAmericas, Inc.                   1,999          49,355               
Pilgrims Pride Corp.                  1,015          36,631               
Ralcorp Holdings, Inc.                  370          14,659               
Sanderson Farms, Inc.                   390          14,134               
Seaboard Corp.                           27          23,085               
Sensient Technologies Corp.             680          13,607               
Smithfield Foods, Inc. (A)            1,689          51,109               
Standard Commercial Corp.               878          15,321               
Tootsie Roll Industries               1,390          42,923               
Triarc Cos.                             640           8,218               
Tyson Foods, Inc., Cl. A              4,652          78,572               
Universal Corp. - Virginia (A)          340          15,521               
Vector Group Ltd.                       682          10,728               
Wild Oats Markets, Inc. (A)             490           4,949               
                                ------------
                                   1,721,396
                                ------------
GAS/NATURAL GAS--1.5%                                                           
AGL Resources, Inc.                   1,550          53,630               
Atmos Energy Corp.                    1,860          48,918               
Energen Corp.                           410          25,399               
Kinder Morgan Management LLC (A)      1,053          46,311               
Laclede Group, Inc.                     410          11,222               
Magellan Midstream Partners             500          16,360               

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Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

National Fuel Gas Co.                 1,630    $     44,385               
New Jersey Resources Corp.              950          41,192               
Northwest Natural Gas Co.               290          10,295               
Oneok, Inc.                           1,572          45,368               
Pacific Energy Partners LP              300           9,339               
Piedmont Natural Gas Co.              1,900          43,605               
Plains All American Pipeline LP         950          38,769               
Questar Corp.                         1,150          67,160               
South Jersey Industries, Inc.           310          16,848               
Southern Union Co. (A)                2,181          52,213               
Southwest Gas Corp.                     680          16,640               
TC Pipelines LP                         330          10,514               
TEPPCO Partners LP                      860          37,995               
UGI Corp.                               630          31,645               
Valero LP                               280          17,640               
Vectren Corp.                           850          22,959               
Western Gas Resources, Inc.           1,074          35,882               
WGL Holdings, Inc.                    1,630          49,405               
                                ------------
                                     793,694
                                ------------
GLASS PRODUCTS--0.1%                                                            
Gentex Corp.                          1,080          35,057               
                                ------------
HOTELS & LODGING--1.5%                                                          
Ameristar Casinos, Inc.                 400          19,720               
Aztar Corp. (A)                         540          14,747               
Bluegreen Corp. (A)                     600           8,322               
Boyd Gaming Corp.                     1,269          66,978               
Caesars Entertainment, Inc. (A)       4,290          85,585               
Choice Hotels International, Inc.       500          30,260               
Empire Resorts, Inc. (A)                550           2,145               
La Quinta Corp. (A)                   4,320          37,584               
Las Vegas Sands Corp.                 5,348         200,283               
Marcus Corp.                            450           8,618               
MGM Mirage (A)                        2,116         147,718               
MTR Gaming Group, Inc. (A)              800           8,808               
Station Casinos, Inc.                   870          56,141               
Vail Resorts, Inc. (A)                  500          12,935               
Wynn Resorts Ltd. (A)                 1,835          97,145               
                                ------------
                                     796,989
                                ------------
HOUSEHOLD PRODUCTS--0.5%                                                        
Acuity Brands, Inc.                     750          17,932               
American Woodmark Corp.                 380          12,099               
Ethan Allen Interiors, Inc.             700          21,091               
Helen of Troy Ltd. (A)                  650          18,161               
Kimball International, Inc.           1,290          14,693               
La-Z-Boy, Inc.                          650           7,696               
Libbey, Inc.                            300           5,259               
National Presto Industries, Inc.        200           7,800               
RPM International, Inc.               2,300          39,675               
Tempur-Pedic International, Inc. (A)  2,750          52,498               
Tupperware Corp.                        720          15,192               
Valspar Corp.                           700          28,931               
                                ------------
                                     241,027
                                ------------
INSURANCE--9.1%                                                                 
21st Century Insurance Group          1,150          15,157               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Alfa Corp.                            1,270    $     17,501               
Alleghany Corp. (A)                     215          58,050               
Allmerica Financial Corp. (A)           520          17,456               
American Financial Group, Inc.        1,340          41,661               
American National Insurance             390          40,014               
Amerigroup Corp. (A)                    780          27,394               
AmerUs Group Co.                        750          35,257               
Arch Capital Group Ltd. (A)             410          16,396               
Argonaut Group, Inc. (A)                400           7,868               
Arthur J. Gallagher & Co.             1,260          35,078               
Assurant, Inc.                        2,133          70,581               
Baldwin & Lyons, Inc., Cl B             300           7,485               
Berkshire Hathaway, Inc., Cl. A (A)      23       1,940,050               
Bristol West Holdings, Inc.             350           5,278               
Brown & Brown, Inc.                   1,003          43,881               
Centene Corp. (A)                       800          22,280               
Ceres Group, Inc. (A)                 2,000          10,880               
Clark, Inc.                             550           7,617               
CNA Financial Corp. (A)               3,904         107,165               
CNA Surety Corp. (A)                    700           9,198               
Commerce Group, Inc.                    350          20,678               
Conseco, Inc. (A)                     1,600          30,784               
Crawford & Co., Cl. B                   750           5,557               
Danielson Holdings Corp. (A)          1,804          25,905               
Delphi Financial Group, Cl. A         1,080          44,842               
EMC INS Group, Inc.                     803          13,852               
Erie Indemnity Co., Cl. A               900          46,242               
FBL Financial Group, Inc., Cl. A        510          13,362               
Fidelity National Financial, Inc.     2,649          85,059               
First American Corp.                  1,810          64,798               
Fremont General Corp.                 1,600          34,704               
Genworth Financial, Inc., Cl. A       7,127         199,200               
Great American Financial                                                  
Resources, Inc.                       840          13,348             
Harleysville Group, Inc.                810          16,840               
HCC Insurance Holdings, Inc.            987          35,108               
Health Net, Inc. (A)                  1,630          55,469               
Hilb Rogal & Hamilton Co.               960          33,610               
Horace Mann Educators Corp.             810          13,268               
Infinity Property & Casualty Corp.      400          12,980               
Kansas City Life Insurance Co.          180           8,224               
LabOne, Inc. (A)                        715          25,082               
Landamerica Financial Group, Inc.       200           9,920               
Leucadia National Corp.               1,470          51,127               
Markel Corp. (A)                        143          49,063               
Mercury General Corp.                   793          41,918               
Midland Co.                             300           9,420               
Molina Healthcare, Inc. (A)             601          26,294               
National Financial Partners Corp.     1,062          40,611               
National Western Life Insurance,                                          
Cl A (A)                              130          21,492             
Nationwide Financial Services,                                            
Cl. A                               1,300          46,059             
Navigators Group, Inc. (A)              250           8,000               
Odyssey Re Holdings Corp.             1,900          43,206               
Ohio Casualty Corp. (A)                 600          14,070               
Old Republic International Corp.      2,550          60,180               
Pacificare Health Systems, Inc. (A)   1,252          74,819               

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Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Philadelphia Consolidated                                                 
Holding Co. (A)                       300    $     22,500             
Phoenix Cos., Inc.                    3,099          35,112               
PMI Group, Inc.                       1,320          46,411               
Presidential Life Corp.                 500           7,255               
ProAssurance Corp. (A)                  350          13,128               
Protective Life Corp.                 1,011          38,661               
Radian Group, Inc.                    1,300          57,759               
Reinsurance Group of America            870          38,906               
RLI Corp.                               300          12,870               
Safety Insurance Group, Inc.          1,015          28,846               
Selective Insurance Group               600          26,490               
Sierra Health Services (A)              550          35,579               
Stancorp Financial Group, Inc.          300          22,956               
State Auto Financial Corp.              870          23,699               
Stewart Information Services Corp.      380          13,688               
Transatlantic Holdings, Inc.            957          54,989               
Triad Guaranty, Inc. (A)                250          12,577               
UICI                                    840          19,505               
United Fire & Casualty Co.              300          10,164               
Unitrin, Inc.                           950          43,225               
Universal American Financial                                              
Corp. (A)                           1,040          17,420             
USI Holdings Corp. (A)                  820           9,299               
WellCare Health Plans, Inc. (A)         886          26,137               
WellChoice, Inc. (A)                  1,150          64,630               
Wesco Financial Corp.                   104          39,312               
White Mountains Insurance                                                 
Group Ltd.                            157          98,441             
WR Berkley Corp.                      1,836          59,670               
Zenith National Insurance Corp.         390          22,429               
                                ------------
                                   4,732,996
                                ------------
LEASING & RENTING--0.2%                                                         
Aaron Rents, Inc.                       915          20,093               
Rent-A-Center, Inc. (A)               1,650          39,666               
Rent-Way, Inc. (A)                      600           4,680               
United Rentals, Inc. (A)              1,150          21,149               
                                ------------
                                      85,588
                                ------------
LEISURE PRODUCTS--0.2%                                                          
Callaway Golf Co.                     1,550          16,709               
Fossil, Inc. (A)                      1,050          24,423               
Jakks Pacific, Inc. (A)                 400           7,516               
K2, Inc. (A)                            770           9,794               
Leapfrog Enterprises, Inc. (A)          790           7,908               
Marine Products Corp.                   600           7,860               
Nautilus Group, Inc.                    500          12,430               
RC2 Corp. (A)                           200           6,932               
Steinway Musical Instruments (A)        200           6,042               
WMS Industries, Inc. (A)                530          13,462               
                                ------------
                                     113,076
                                ------------
MACHINERY--2.2%                                                                 
A.O. Smith Corp.                        960          27,360               
AGCO Corp. (A)                        1,450          24,940               
Albany International Corp., Cl. A     1,193          37,412               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Applied Industrial                                                        
Technologies, Inc.                      375    $     10,462               
Aptargroup, Inc.                        680          32,796               
Astec Industries, Inc. (A)              600          13,980               
ASV, Inc. (A)                           250           8,935               
Baldor Electric Co.                     740          18,426               
BEI Technologies, Inc.                  250           5,750               
Blount International, Inc. (A)        2,277          33,722               
Briggs & Stratton                       800          25,896               
CARBO Ceramics, Inc.                    250          16,595               
Cascade Corp.                           250           7,875               
Cooper Cameron Corp. (A)                770          42,304               
Donaldson Co., Inc.                   1,271          37,812               
Engineered Support Systems, Inc.        382          13,492               
EnPro Industries, Inc. (A)              350           8,802               
Entegris, Inc. (A)                    1,290          11,107               
Flowserve Corp. (A)                     960          26,650               
FMC Technologies, Inc. (A)              950          28,813               
Franklin Electric Co., Inc.             400          14,224               
Gardner Denver, Inc. (A)                300          10,962               
Graco, Inc.                           1,388          46,873               
Grant Prideco, Inc. (A)               1,787          39,582               
Hydril Co. (A)                          480          25,248               
IDEX Corp.                              570          21,232               
Intermagnetics General Corp (A)         375           9,210               
Joy Global, Inc.                        825          27,943               
Kennametal, Inc.                        900          40,770               
Kulicke & Soffa Industries, Inc. (A)  1,060           5,417               
Lam Research Corp. (A)                1,870          47,966               
Manitowoc Co.                           430          17,200               
Medis Technologies Ltd. (A)             500           6,670               
Middleby Corp.                          100           4,404               
NACCO Industries, Inc.                  100          10,415               
Nordson Corp.                           410          13,210               
Pentair, Inc.                         1,460          58,079               
Presstek, Inc. (A)                    2,522          18,789               
Rayovac Corp. (A)                       500          18,220               
Regal Beloit Corp.                      400          10,580               
Sauer-Danfoss, Inc.                     550          10,874               
Smith International, Inc.             1,400          81,452               
Stewart & Stevenson Services            400           9,600               
Tennant Co.                             200           7,108               
Terex Corp. (A)                         530          19,811               
Thomas Industries, Inc.                 200           7,894               
Timken Co.                            1,000          24,840               
Toro Co.                                480          19,834               
Trinity Industries, Inc.              1,400          32,690               
UNOVA, Inc. (A)                       1,310          23,266               
Watts Water Technologies, Inc.,                                           
Cl. A                                 550          17,188             
Westinghouse Air Brake                                                    
Technologies Corp.                    430           8,600             
Woodward Governor Co.                   200          14,112               
                                ------------
                                   1,157,392
                                ------------
MANUFACTURING--0.2%                                                             
Actuant Corp., Cl. A (A)                300          12,777               
Applied Films Corp. (A)                 440          10,520               
Jacuzzi Brands, Inc. (A)                900           8,145               
Matthews International Corp.          1,203          42,839               
Samsonite Corp. (A)                   5,900           5,251               
                                ------------
                                      79,532
                                ------------

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Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

MARINE TRANSPORTATION--0.2%                                                     
Alexander & Baldwin, Inc.               450    $     18,328               
General Maritime Corp. (A)              590          25,872               
OMI Corp.                             2,151          39,127               
Overseas Shipholding Group              440          24,829               
                                ------------
                                     108,156
                                ------------
MEASURING DEVICES--0.7%                                                         
Analogic Corp.                          280          11,679               
Coherent, Inc. (A)                      700          22,456               
Cohu, Inc.                              400           7,140               
Credence Systems Corp. (A)            2,200          13,838               
CUNO, Inc. (A)                          290          14,709               
FEI Co. (A)                             850          15,325               
Flir Systems, Inc. (A)                1,300          34,580               
Formfactor, Inc. (A)                    400           9,136               
Input/Output, Inc. (A)                  900           5,436               
Inverness Medical Innovations,                                            
Inc. (A)                              460          10,837             
Itron, Inc. (A)                         500          18,035               
Ixia (A)                              1,200          19,212               
LTX Corp. (A)                         1,350           5,184               
Mine Safety Appliances Co.              900          32,130               
MKS Instruments, Inc. (A)               900          13,320               
MTS Systems Corp.                       350          10,136               
Newport Corp. (A)                       600           8,250               
Roper Industries, Inc.                  613          41,482               
Rudolph Technologies, Inc. (A)          300           3,870               
TriPath Imaging, Inc. (A)               750           4,815               
Varian, Inc. (A)                      1,000          33,170               
Veeco Instruments, Inc. (A)             400           5,324               
                                ------------
                                     340,064
                                ------------
MEDICAL PRODUCTS & SERVICES--5.6%                                               
Abaxis, Inc. (A)                        400           3,800               
Advanced Medical Optics, Inc. (A)       620          22,928               
Advanced Neuromodulation                                                  
Systems, Inc. (A)                     300           9,033             
Affymetrix, Inc. (A)                    780          35,966               
Albany Molecular Research,                                                
Inc. (A)                              810           7,642             
Align Technology, Inc. (A)              730           6,147               
Allscripts Healthcare Solutions,                                          
Inc. (A)                              900          11,781             
American Medical Systems                                                  
Holdings, Inc. (A)                  1,000          17,460             
Amsurg Corp. (A)                        450          11,650               
Apria Healthcare Group, Inc. (A)      1,040          31,304               
Arrow International, Inc.               410          13,587               
Arthrocare Corp. (A)                    520          15,278               
Aspect Medical Systems, Inc. (A)        450          11,263               
Beckman Coulter, Inc.                   892          59,505               
Beverly Enterprises, Inc. (A)         1,850          21,682               
Bio-Rad Laboratories, Inc.,                                               
Cl. A (A)                             800          38,672             
Biolase Technology, Inc.                500           3,290               
Biosite, Inc. (A)                       400          22,800               
BioVeris Corp. (A)                      780           3,728               
Bruker BioSciences Corp. (A)          1,450           4,727               
Cambrex Corp.                           510           9,690               
Celera Genomics Group -                                                   
Applera Corp. (A)                   1,140          10,488             
Cell Therapeutics, Inc. (A)           1,000           3,850               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Cepheid, Inc. (A)                       800    $      7,168               
Closure Medical Corp. (A)               300           8,067               
Community Health Systems, Inc. (A)      922          33,607               
Conmed Corporation (A)                  400          11,888               
Connetics Corp. (A)                     550          11,951               
Cooper, Inc.                            635          42,894               
Corvel Corp. (A)                        350           7,189               
Covance, Inc. (A)                       912          41,624               
Coventry HealthCare, Inc. (A)         1,696         116,057               
Cross Country Healthcare, Inc. (A)      380           6,122               
Cryolife, Inc. (A)                       50             300               
CTI Molecular Imaging, Inc. (A)         650          13,344               
Cyberonics (A)                          400          15,076               
Cytyc Corp. (A)                       1,587          33,819               
Dade Behring Holdings, Inc. (A)         662          40,826               
Datascope Corp.                         380          10,914               
DaVita, Inc. (A)                      1,375          55,412               
Dendrite International, Inc. (A)        790          12,182               
Dentsply International, Inc.          1,100          60,126               
Discovery Laboratories, Inc. (A)      1,020           5,794               
DJ Orthopedics, Inc. (A)                490          12,323               
Eclipsys Corp. (A)                      600           8,106               
Edwards Lifesciences Corp. (A)        1,350          59,454               
Enzo Biochem, Inc. (A)                  766          10,433               
Enzon, Inc. (A)                       1,290           9,997               
Epix Medical, Inc. (A)                  300           2,031               
Eyetech Pharmaceuticals, Inc. (A)       606          13,932               
Gen-Probe, Inc. (A)                     820          41,156               
Genesis HealthCare Corp. (A)            720          28,728               
Genta, Inc. (A)                         770             793               
Gentiva Health Services, Inc. (A)       400           7,832               
Haemonetics Corp. (A)                   700          29,939               
Hanger Orthopedic Group, Inc. (A)       450           2,628               
HealthExtras, Inc. (A)                  500           8,275               
Henry Schein, Inc. (A)                1,200          45,012               
Hillenbrand Industries, Inc.            850          46,937               
Hologic, Inc. (A)                       350          12,453               
Hooper Holmes, Inc.                   1,350           4,941               
Human Genome Sciences, Inc. (A)       2,900          29,986               
ICOS Corp. (A)                        1,909          43,067               
ICU Medical, Inc. (A)                   200           7,086               
Idexx Laboratories, Inc. (A)            500          28,370               
IDX Systems Corp. (A)                   750          23,227               
II-VI, Inc. (A)                         600           8,526               
Immucor, Inc. (A)                       562          16,770               
Inamed Corp. (A)                        450          27,378               
Integra LifeSciences Holdings                                             
Corp. (A)                             500          17,715             
InterMune, Inc. (A)                     770           8,316               
Intuitive Surgical, Inc. (A)            810          34,781               
Invacare Corp.                          300          12,288               
Kensey Nash Corp. (A)                   200           5,496               
Kindred Healthcare, Inc. (A)            500          16,450               
Kinetic Concepts, Inc. (A)              950          58,378               
Kyphon, Inc. (A)                        400          10,460               
Laserscope (A)                          250           7,920               
LCA-Vision, Inc.                        450          17,636               
Learning Tree International (A)         250           3,190               
LifePoint Hospitals, Inc. (A)           860          38,227               
Lincare Holdings, Inc. (A)            1,455          62,099               
Maxim Pharmaceuticals, Inc. (A)         300             435               

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Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Maxygen (A)                             600    $      4,506               
Medcath Corp. (A)                       350           9,678               
Mentor Corp.                            460          16,882               
Merit Medical Systems, Inc. (A)         560           7,084               
MGI Pharma, Inc. (A)                  1,840          40,572               
Millennium Pharmaceuticals (A)        4,442          38,912               
Nabi Biopharmaceuticals (A)             750           8,175               
National Healthcare Corp.               777          23,815               
NBTY,  Inc. (A)                         660          14,071               
NDCHealth Corp.                         460           7,024               
NeighborCare, Inc. (A)                1,390          39,921               
Nektar Therapeutic (A)                2,500          35,650               
Neurocrine Biosciences, Inc. (A)        590          20,626               
Noven Pharmacuticals, Inc. (A)        1,453          24,163               
NU Skin Enterprises, Inc., Cl. A      1,000          22,000               
Nuvelo, Inc. (A)                        700           4,081               
Oakley, Inc. (A)                      1,500          20,025               
OCA, Inc. (A)                           900           3,654               
Odyssey HealthCare, Inc. (A)            387           4,423               
Omnicare, Inc.                        1,516          52,560               
Option Care, Inc.                     1,978          28,147               
Pediatrix Medical Group, Inc. (A)       300          20,427               
PolyMedica Corp.                        350          10,847               
Possis Medical, Inc. (A)                250           2,215               
PSS World Medical, Inc. (A)           2,650          29,574               
Psychiatric Solutions, Inc. (A)         300          12,906               
Regeneration Technologies, Inc. (A)     200           1,838               
Regeneron Pharmaceutical (A)          1,450           8,062               
RehabCare Group, Inc. (A)               300           9,006               
Renal Care Group, Inc. (A)              977          37,273               
Res-Care, Inc. (A)                      600           8,574               
Resmed, Inc. (A)                        950          58,995               
Respironics, Inc. (A)                   350          22,117               
Santarus, Inc. (A)                      500           2,140               
Seattle Genetics, Inc. (A)            1,420           5,680               
SonoSite, Inc. (A)                      350          10,187               
Steris Corp. (A)                      1,691          40,043               
Sybron Dental Specialties, Inc. (A)     650          24,213               
Techne Corp. (A)                      1,100          45,958               
Telik, Inc. (A)                         700          11,340               
Thoratec Corp. (A)                      950          12,303               
Transkaryotic Therapies, Inc. (A)       500          16,940               
Triad Hospitals, Inc. (A)             1,118          57,298               
United Surgical Partners                                                  
International, Inc. (A)               500          22,125             
Universal Health Services, Cl. B        847          48,059               
Varian Medical Systems, Inc. (A)      1,991          67,176               
VCA Antech, Inc. (A)                  1,000          23,280               
Ventana Medical Systems (A)             500          19,910               
Viasys Healthcare, Inc. (A)             450           9,558               
Vicuron Pharmaceuticals, Inc. (A)     2,279          37,262               
VistaCare, Inc. (A)                     350           6,265               
Visx, Inc. (A)                          780          18,595               
Vital Signs, Inc.                       250          10,200               
West Pharmaceutical Services, Inc.      680          17,911               
Wright Medical Group, Inc. (A)          400           9,932               
Zoll Medical Corp. (A)                  200           4,548               
Zygo Corp. (A)                          420           3,940               
                                ------------
                                   2,906,068
                                ------------

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

METAL & METAL INDUSTRIES--0.0%                                                  
Worthington Industries                1,363    $     22,162               
                                ------------
METALS & MINING--0.7%                                                           
Amcol International Corp.               450           8,599               
Century Aluminum Co. (A)              1,323          30,826               
Cleveland-Cliffs, Inc.                  400          23,204               
Coeur D'alene Mines Corp. (A)         2,800           8,652               
Commercial Metals Co.                   800          20,408               
Gibraltar Industries, Inc.              375           7,879               
Glamis Gold Ltd. (A)                  1,903          26,147               
Hecla Mining Company (A)              1,250           5,825               
Kaydon Corp.                            470          12,897               
Lawson Products                         200           7,706               
Meridian Gold, Inc. (A)               1,444          22,007               
Mueller Industries, Inc.                500          12,950               
Precision Castparts Corp.               900          66,294               
Royal Gold, Inc.                        350           6,594               
Southern Peru Copper Corp.            1,100          56,254               
Stillwater Mining Co. (A)             1,399          10,213               
Tredegar Corp.                          500           8,130               
USEC, Inc.                            1,750          23,012               
                                ------------
                                     357,597
                                ------------
MISC. BUSINESS SERVICES--1.1%                                                   
Administaff, Inc. (A)                   450           6,151               
Advisory Board Co. (A)                  340          13,838               
Advo, Inc.                              450          12,965               
Alliance Data Systems Corp. (A)       1,800          72,720               
Ariba, Inc. (A)                         568           3,431               
BearingPoint, Inc. (A)                3,792          23,472               
Brink's Co.                           1,650          53,229               
Central Parking Corp.                   660          10,791               
Century Business Services, Inc. (A)   1,650           5,874               
Charles River Associates, Inc. (A)      150           7,860               
Chemed Corp.                            300          21,252               
Deluxe Corp.                            728          29,069               
Forrester Research, Inc. (A)            400           5,976               
Gartner, Inc., Cl. A (A)              2,650          22,366               
Gevity HR, Inc.                         660          10,593               
Gtech Holdings Corp.                  1,320          32,300               
Hypercom Corp. (A)                      920           4,563               
i2 Technologies, Inc. (A)                36             283               
iPayment, Inc. (A)                      390          14,192               
Iron Mountain, Inc. (A)               1,882          55,895               
NCO Group, Inc. (A)                   1,118          20,828               
PDI, Inc. (A)                           250           4,598               
Rollins, Inc.                         2,383          47,040               
Sotheby's Holdings, Cl. A (A)         2,254          36,921               
Startek, Inc.                           200           2,910               
TeleTech Holdings, Inc. (A)             950           9,975               
Valuevision Media, Inc. (A)             820           8,118               
Ventiv Health, Inc. (A)                 400           8,340               
Viad Corp.                              402          10,352               
Volt Information Sciences, Inc. (A)     300           5,934               
Wireless Facilities, Inc. (A)           750           3,968               
                                ------------
                                     565,804
                                ------------
MISC. TRANSPORTATION--0.1%                                                      
Amerco, Inc. (A)                        300          13,782               

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 TD WATERHOUSE TRUST

Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Thor Industries, Inc.                 1,000    $     26,950               
                                ------------
                                      40,732
                                ------------
OFFICE FURNITURE & FIXTURES--0.4%                                               
Ennis Business Forms, Inc.            1,057          16,383               
Global Imaging Systems, Inc. (A)        350          12,141               
Herman Miller, Inc.                   1,450          41,470               
HNI Corp.                               580          29,383               
IKON Office Solutions, Inc.           1,970          17,041               
Imagistics International, Inc. (A)      170           4,565               
Interface, Inc., Cl. A (A)            2,300          13,800               
John H. Harland Co.                     630          22,680               
Lear Corp.                              950          32,196               
Steelcase, Inc.                       2,159          28,369               
                                ------------
                                     218,028
                                ------------
PAPER & PAPER PRODUCTS--0.4%                                                    
Bowater, Inc.                           550          17,869               
Buckeye Technologies, Inc. (A)          700           5,530               
Caraustar Industries, Inc. (A)          550           4,917               
Deltic Timber Corp.                     200           7,090               
Glatfelter                              800           9,544               
Graphic Packaging Corp. (A)           7,113          23,046               
Packaging Corp of America             1,555          34,816               
Potlatch Corp.                          380          17,947               
Rayonier, Inc.                          552          27,744               
Rock-Tenn Co.                           890           9,034               
Schweitzer-Mauduit-International,                                         
Inc.                                  230           6,721             
Smurfit-Stone Container Corp. (A)     3,693          48,415               
Wausau-Mosinee Paper Corp.              900          11,943               
                                ------------
                                     224,616
                                ------------
PETROLEUM & FUEL PRODUCTS--4.8%                                                 
Apco Argentina, Inc.                    616          23,100               
ATP Oil & Gas Corp. (A)                 377           7,717               
Atwood Oceanics, Inc. (A)               250          14,268               
Berry Petroleum Co.                     490          22,893               
Bill Barrett Corp.                      932          24,828               
BP Prudhoe Bay Royalty Trust            420          25,557               
Buckeye Partners LP                     300          14,388               
Cabot Oil & Gas Corp., Cl. A            750          22,080               
Cal Dive International, Inc. (A)        550          24,464               
Callon Petroleum Co. (A)              1,050          14,270               
Chesapeake Energy Corp.               4,748          91,352               
Cimarex Energy Co. (A)                  628          22,294               
Comstock Resources, Inc. (A)            640          16,192               
Cross Timbers Royalty Trust               5             193               
Denbury Resources, Inc. (A)           1,000          31,740               
Diamond Offshore Drilling             1,800          79,398               
Dorchester Minerals LP                  400           8,972               
Enbridge Energy Management LLC (A)      158           7,845               
Encore Acquisition Co. (A)              850          31,212               
Energy Partners Ltd. (A)                550          12,573               
Ensco International, Inc.             2,090          68,134               
Enterprise Products Partners LP       5,266         136,021               
Equitable Resources, Inc.               880          50,723               
Forest Oil Corp. (A)                    789          30,400               
Frontier Oil Corp.                      400          16,832               
Global Industries Ltd. (A)            2,470          23,811               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

GlobalSantaFe Corp.                   3,580    $    120,288               
Grey Wolf, Inc. (A)                   5,000          30,000               
Hanover Compressor Co. (A)            1,100          11,407               
Harvest Natural Resources (A)         2,416          26,069               
Headwaters, Inc. (A)                    900          28,773               
Helmerich & Payne, Inc.                 610          23,448               
Holly Corp.                             400          13,708               
Houston Exploration Co. (A)             410          20,885               
Hugoton Royalty Trust                   500          13,475               
KCS Energy, Inc. (A)                    650           9,126               
Lone Star Technologies (A)              350          13,629               
Magnum Hunter Resources, Inc. (A)     1,270          18,326               
Meridian Resource Corp. (A)           1,050           4,242               
Murphy Oil Corp.                      1,404         125,082               
Newfield Exploration Co. (A)            800          56,824               
Newpark Resources, Inc. (A)           1,300           7,813               
Noble Energy, Inc.                      845          54,181               
Oceaneering International, Inc. (A)     400          13,124               
Oil States International, Inc. (A)    1,030          20,919               
Patina Oil & Gas Corp.                1,076          41,318               
Patterson-UTI Energy, Inc.            2,537          60,812               
Penn Virginia Corp.                     420          17,249               
Pioneer Natural Resources Co.         2,114          85,955               
Plains Exploration & Production                                           
Co. (A)                             1,596          51,359             
Pogo Producing Co.                      700          31,507               
Premcor, Inc.                         1,240          82,026               
Pride International, Inc. (A)         1,980          44,154               
Quicksilver Resource, Inc. (A)          700          35,931               
Range Resources Corp.                 1,030          23,330               
Remington Oil & Gas Corp. (A)           610          17,794               
Seacor Smit, Inc. (A)                   250          14,253               
Shelbourne Liquidating Trust (A) +      200           3,408               
Southwestern Energy Co. (A)             550          32,313               
Spinnaker Exploration Co. (A)           800          25,608               
St. Mary Land & Exploration Co.         800          17,360               
Stone Energy Corp. (A)                  410          18,425               
Superior Energy Services (A)          1,550          23,064               
Swift Energy Co. (A)                    350           9,216               
TEL Offshore Trust (A)                   18             135               
Tesoro Petroleum Corp. (A)              800          30,352               
Tetra Technologies, Inc. (A)            675          18,245               
Tidewater, Inc.                       1,464          50,464               
Todco, Cl. A (A)                      1,081          24,052               
Transmontaigne, Inc. (A)              2,965          20,963               
Ultra Petroleum Corp. (A)               930          46,946               
Unit Corp. (A)                          900          34,524               
Universal Compression Holdings,                                           
Inc. (A)                              600          21,060             
Veritas DGC, Inc. (A)                   660          16,896               
Vintage Petroleum, Inc.                 964          27,850               
Weatherford International Ltd. (A)    2,036         106,177               
Whiting Petroleum Corp. (A)             300           9,081               
                                ------------
                                   2,474,403
                                ------------
PHARMACEUTICALS--5.0%                                                           
aaiPharma, Inc. (A)                     525             173               
Abgenix, Inc. (A)                     1,070           7,458               
Able Laboratories, Inc. (A)             400           9,536               
Accredo Health, Inc. (A)                535          24,235               
Adolor Corp. (A)                        800           7,112               

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 TD WATERHOUSE TRUST

Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Alexion Pharmaceuticals, Inc. (A)       550    $     11,407               
Alkermes, Inc. (A)                    1,210          13,612               
Alpharma, Inc., Cl. A                   700           6,608               
American Pharmaceutical Partners,                                         
Inc. (A)                            1,550          80,786             
Andrx Group (A)                         690          13,738               
Atherogenics, Inc. (A)                1,000          10,740               
Avant Immunotherapeutics, Inc. (A)    1,900           2,318               
Barr Laboratories, Inc. (A)           1,519          78,775               
Bentley Pharmaceuticals, Inc. (A)     1,172           7,970               
BioMarin Pharmaceuticals, Inc. (A)    1,590           9,429               
Bone Care International, Inc. (A)       350           9,033               
Celgene Corp. (A)                     2,240          84,918               
Cell Genesys, Inc. (A)                  700           3,262               
Cephalon, Inc. (A)                      610          26,779               
Charles River Laboratories                                                
International, Inc. (A)               984          46,612             
Cubist Pharmaceuticals, Inc. (A)        700           6,335               
CuraGen Corp. (A)                       100             310               
Cytogen Corp. (A)                       175             654               
Dendreon Corp. (A)                    1,060           4,897               
Diagnostic Products Corp.               837          40,594               
Digene Corp. (A)                        300           5,715               
Endo Pharmaceutical Holdings,                                             
Inc. (A)                            1,919          38,092             
Eon Labs, Inc. (A)                    1,292          38,605               
First Horizon Pharmaceutical                                              
Corp. (A)                             810          14,669             
Genentech, Inc. (A)                  16,012       1,135,891               
Geron Corp. (A)                         850           5,245               
ImClone Systems (A)                   1,200          38,220               
Immunogen, Inc. (A)                     700           3,535               
Impax Laboratories, Inc. (A)          2,162          35,176               
Inspire Pharmaceuticals, Inc. (A)       450           3,177               
Invitrogen Corp. (A)                    767          56,198               
IVAX Corp. (A)                        3,456          65,318               
Kos Pharmaceuticals, Inc. (A)           850          40,945               
KV Pharmaceutical Co., Cl. A (A)      1,740          40,716               
Ligand Pharmaceuticals, Inc.,                                             
Cl. B (A)                           1,150           6,072             
Martek Biosciences Corp. (A)            500          19,135               
Medarex, Inc. (A)                     1,400           9,912               
Medicines Co. (A)                     1,190          25,407               
Medicis Pharmaceutical, Cl. A         1,200          33,720               
NPS Pharmaceuticals, Inc. (A)           950          11,543               
Onyx Pharmaceuticals, Inc. (A)          550          16,990               
Orasure Technologies, Inc. (A)        1,175           9,353               
OSI Pharmaceuticals, Inc. (A)           722          34,176               
Par Pharmaceutical Cos., Inc. (A)     1,094          32,853               
Parexel International Corp. (A)         690          12,579               
Perrigo Co.                           2,265          41,495               
Pharmion Corp. (A)                      300           6,930               
Pharmos Corp. (A)                     1,950           1,170               
Praecis Pharmaceuticals, Inc. (A)     1,675           1,591               
Priority Healthcare Corp., Cl. B (A)    450          10,251               
Protein Design Labs, Inc. (A)         2,760          49,349               
Salix Pharmaceuticals Ltd. (A)          825          11,798               
Sepracor, Inc. (A)                    1,849         110,792               
Serologicals Corp. (A)                  610          13,133               
Sirna Therapeutics, Inc. (A)          1,806           5,129               
Tanox, Inc. (A)                         550           5,291               
United Therapeutics Corp. (A)           300          14,397               
USANA Health Sciences, Inc. (A)         250          10,333               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Valeant Pharmaceuticals                                                   
International                           910    $     18,883               
Vertex Pharmaceuticals, Inc. (A)      1,145          10,923               
XOMA Ltd. (A)                         1,800           2,160               
Zymogenetics, Inc. (A)                1,700          26,282               
                                ------------
                                   2,580,440
                                ------------
PHOTOGRAPHIC EQUIPMENT & SUPPLIES--0.0%                                         
Sonic Solutions, Inc. (A)               300           4,407               
                                ------------
PRINTING & PUBLISHING--1.7%                                                     
American Greetings, Cl. A               750          16,988               
Banta Corp.                             949          39,516               
Belo Corp., Cl. A                     1,280          29,990               
Bowne & Co., Inc.                       750           9,765               
Cenveo, Inc. (A)                      2,200          17,182               
Consolidated Graphics, Inc. (A)         200           9,180               
Courier Corp.                           200           9,756               
Dex Media, Inc. (A)                   2,100          45,990               
E.W. Scripps Co., Cl. A               2,488         126,714               
Harte-Hanks, Inc.                       900          25,650               
Hollinger International, Inc.         1,000           9,450               
John Wiley & Sons, Cl. A              1,170          42,307               
Journal Communications, Inc.,                                             
Cl. A                               2,100          32,340             
Journal Register Co. (A)              1,000          15,820               
Lee Enterprises, Inc.                   450          18,680               
Martha Stewart Living Omnimedia,                                          
Cl. A (A)                           1,019          20,614             
McClatchy Co., Cl. A                    640          45,248               
Media General, Inc.                     350          21,448               
Playboy Enterprises, Inc., Cl. B (A)    600           7,248               
Primedia, Inc. (A)                    3,700          16,354               
Pulitzer, Inc.                          180          11,457               
Readers Digest Association, Cl. A     1,100          18,700               
Reynolds & Reynolds Co., Cl. A        2,100          55,377               
RH Donnelley Corp. (A)                  370          21,072               
Scholastic Corp. (A)                  1,020          35,547               
Thomas Nelson, Inc.                     350           8,393               
Valassis Communications, Inc. (A)       900          31,725               
Washington Post, Cl. B                  145         125,316               
                                ------------
                                     867,827
                                ------------
PROFESSIONAL SERVICES--1.4%                                                     
Alderwoods Group, Inc. (A)              600           7,830               
American Healthways, Inc. (A)           541          20,206               
Bright Horizons Family Solutions,                                         
Inc. (A)                              520          17,623             
Career Education Corp. (A)            1,491          46,877               
CDI Corp.                               400           8,844               
Corinthian Colleges, Inc. (A)         2,467          35,056               
Corporate Executive Board Corp.         600          39,438               
Corrections Corp. of America (A)        400          15,140               
DeVry, Inc. (A)                       1,700          38,760               
Education Management Corp. (A)        1,062          29,736               
FTI Consulting, Inc. (A)              1,045          23,074               
ITT Educational Services, Inc. (A)    1,240          57,015               
Jacobs Engineering Group, Inc. (A)      819          39,893               
Labor Ready, Inc. (A)                   500           8,345               
Laureate Education, Inc. (A)          1,250          55,525               
LECG Corp. (A)                          450           9,328               
Maximus, Inc. (A)                       300           9,210               
McDermott International, Inc. (A)       850          17,263               

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Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

MoneyGram International, Inc.         1,609    $     31,215               
Navigant Consulting, Inc. (A)           600          14,082               
Per-Se Technologies, Inc. (A)           550           8,558               
Pre-Paid Legal Services, Inc.           400          14,284               
Resources Connection, Inc. (A)          900          17,199               
ServiceMaster Co.                     4,016          51,525               
Shaw Group, Inc. (A)                    750          13,553               
Spherion Corp. (A)                    1,280           7,181               
Stewart Enterprises, Inc. (A)         1,660           8,964               
Strayer Education, Inc.                 200          21,456               
Tetra Tech, Inc. (A)                    950          10,061               
URS Corp. (A)                           500          15,375               
Watson Wyatt & Co. Holdings             650          17,160               
                                ------------
                                     709,776
                                ------------
RAILROADS--0.1%                                                                 
Florida East Coast Industries,                                            
Cl. A                                 350          14,910             
Kansas City Southern (A)              1,300          24,596               
                                ------------
                                      39,506
                                ------------
REAL ESTATE INVESTMENT TRUSTS--6.7%                                             
Acadia Realty Trust                   1,658          26,611               
Alexander's, Inc. (A)                    90          20,652               
Alexandria Real Estate                                                    
Equities, Inc.                          220          15,140               
AMB Property Corp.                    1,204          46,944               
American Financial Realty Trust       2,850          43,690               
American Home Mortgage                                                    
Investment Corp.                      560          18,312             
AMLI Residential Properties                                               
Trust                                   430          12,006               
Annaly Mortgage Management, Inc.      2,150          41,108               
Anthracite Capital, Inc.                950          10,554               
Anworth Mortgage Asset Corp.            600           5,598               
Arbor Realty Trust, Inc.                400           9,800               
Arden Realty, Inc.                      650          23,198               
AvalonBay Communities, Inc.           1,000          72,000               
Bedford Property Investors              250           5,322               
Boston Properties, Inc.               1,651         109,742               
Brandywine Realty Trust                 580          16,414               
BRE Properties, Cl. A                   650          24,193               
Camden Property Trust                   700          35,700               
Capital Automotive                    1,168          39,689               
CarrAmerica Realty Corp.                700          23,128               
Catellus Development Corp.            1,447          40,082               
CBL & Associates Properties, Inc.       330          25,532               
Centerpoint Properties Corp.          1,120          46,155               
Colonial Properties Trust               509          19,673               
Commercial Net Lease Realty             930          17,651               
Corporate Office Properties                                               
Trust SBI MD                          500          13,150             
Correctional Properties Trust           561          14,395               
Cousins Properties, Inc.                610          16,470               
Crescent Real Estate Equities Co.     1,400          23,520               
CRT Properties, Inc.                    530          12,238               
Developers Diversified Realty Corp.   1,489          63,193               
Duke Realty Corp.                     2,071          63,373               
Eastgroup Properties                    350          13,125               
Entertainment Properties Trust          380          16,416               
Equity Inns, Inc.                       850           9,571               
Equity Lifestyle Properties, Inc.       370          13,542               
Equity One, Inc.                      1,076          22,531               
Essex Property Trust, Inc.              650          49,367               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Federal Realty Investment Trust         790    $     42,265               
FelCor Lodging Trust, Inc. (A)        1,100          13,464               
First Industrial Realty Trust         1,200          45,840               
Gables Residential Trust                750          27,487               
General Growth Properties, Inc.       3,336         130,471               
Getty Realty Corp.                      460          11,606               
Glenborough Realty Trust, Inc.          540          11,092               
Glimcher Realty Trust                   760          19,129               
Health Care Property                                                      
Investors, Inc.                       1,850          47,434               
Health Care, Inc.                       650          21,775               
Healthcare Realty Trust, Inc.         1,200          46,332               
Heritage Property Investment Trust    1,540          47,432               
Highland Hospitality Corp.              700           7,343               
Highwoods Properties, Inc.              813          22,870               
Home Properties of New York, Inc.       390          16,321               
Hospitality Properties Trust            950          39,691               
Host Marriott Corp.                   5,051          84,958               
HRPT Properties Trust                 4,200          49,350               
IMPAC Mortgage Holdings, Inc.         2,000          36,640               
Innkeepers USA Trust                    750           9,953               
Investors Real Estate Trust             750           6,788               
iStar Financial, Inc.                 1,619          64,501               
Kilroy Realty Corp.                     620          27,051               
Kimco Realty Corp.                    1,455          80,592               
LaSalle Hotel Properties                300           9,114               
Lexington Corporate Properties                                            
Trust                                 650          14,937             
Liberty Property Trust                1,233          49,110               
LTC Properties, Inc.                    450           8,262               
Macerich Co.                            861          51,918               
Mack-Cali Realty Corp.                1,034          45,486               
Maguire Properties, Inc.              1,180          30,090               
Meristar Hospitality Corp. (A)        2,913          19,954               
MFA Mortgage Investments, Inc.        1,180           8,472               
Mid-America Apartment                                                     
Communities, Inc.                     330          12,616             
Mills Corp.                             781          44,626               
Mission West Properties               1,340          13,601               
National Health Investors, Inc.         520          13,624               
Nationwide Health Properties, Inc.      860          18,430               
New Century Financial Corp.             675          30,679               
New Plan Excel Realty Trust           1,758          45,374               
Newcastle Investment Corp.            1,200          35,388               
Novastar Financial, Inc.                250           8,925               
Omega Healthcare Investors, Inc.        750           8,415               
Pan Pacific Retail Properties, Inc.     400          24,168               
Parkway Properties, Inc.                200           9,120               
Pennsylvania Real Estate                                                  
Investment Trust                      450          18,968             
Post Properties, Inc.                   600          19,548               
Prentiss Properties Trust               700          23,254               
PS Business Parks, Inc.                 500          20,180               
Public Storage, Inc.                  1,966         115,404               
RAIT Investment Trust                   420          11,395               
Ramco-Gershenson Properties             300           8,307               
Realty Income Corp.                   1,400          33,754               
Reckson Associates Realty             1,600          51,600               
Redwood Trust, Inc.                     705          35,335               
Regency Centers Corp.                   886          46,648               
Saul Centers, Inc.                      250           8,375               
Saxon Capital, Inc.                     520           8,944               
Senior Housing Properties Trust       2,254          38,994               

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Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Shurgard Storage Centers, Inc.        1,200    $     50,196               
SL Green Realty Corp.                   390          23,790               
Sovran Self Storage, Inc.               200           8,550               
Sun Communities, Inc.                   450          15,683               
Tanger Factory Outlet Centers           540          12,506               
Taubman Centers, Inc.                 1,200          35,520               
Thornburg Mortgage, Inc.              1,209          36,222               
Town & Country Trust                    300           8,055               
Trizec Properties, Inc.               2,212          44,218               
United Dominion Realty Trust, Inc.    1,788          39,604               
Universal Health Realty Income                                            
Trust                                 250           8,188             
Ventas, Inc.                          1,900          51,262               
Vornado Realty Trust                  1,830         139,904               
Washington Real Estate                                                    
Investment Trust                      700          20,867             
Weingarten Realty Investors           1,190          42,852               
                                ------------
                                   3,470,602
                                ------------
RETAIL--5.6%                                                                    
1-800-Flowers.com, Inc. (A)           1,868          12,516               
7-Eleven, Inc. (A)                    1,739          40,675               
99 Cents Only Stores (A)                500           5,540               
Abercrombie & Fitch Co., Cl. A        1,382          74,559               
AC Moore Arts & Crafts, Inc. (A)        460          11,965               
Advance Auto Parts (A)                1,078          57,511               
Aeropostale, Inc. (A)                   555          15,501               
American Eagle Outfitters             1,920          50,342               
AnnTaylor Stores Corp. (A)              675          16,531               
Applebees International, Inc.         1,500          37,170               
Asbury Automotive Group, Inc. (A)       740          10,168               
Barnes & Noble, Inc. (A)              1,084          38,590               
Bebe Stores, Inc.                       900          29,088               
Big 5 Sporting Goods Corp. (A)          300           7,167               
BJ's Restaurants, Inc. (A)            1,533          27,057               
BJ's Wholesale Club, Inc. (A)         1,900          50,635               
Bob Evans Farms                         300           6,120               
Borders Group, Inc.                   1,000          24,190               
Brinker International, Inc. (A)       1,403          47,421               
Brookstone, Inc. (A)                    400           7,908               
Brown Shoe Co., Inc                     280           8,652               
Buckle, Inc.                            250           8,600               
Burlington Coat Factory Warehouse       760          20,938               
Cabela's, Inc., Cl. A (A)             1,341          26,726               
California Pizza Kitchen, Inc. (A)      400           9,120               
Carmax, Inc. (A)                      1,514          41,302               
Casey's General Stores, Inc.          1,200          20,256               
Cash America International, Inc.        560           8,316               
CBRL Group, Inc.                        500          19,265               
CEC Entertainment, Inc. (A)           1,142          41,340               
Charlotte Russe Holding, Inc. (A)       400           4,276               
Charming Shoppes (A)                  2,320          17,261               
Cheesecake Factory (A)                1,695          52,020               
Chico's Fas, Inc. (A)                 2,500          64,075               
Children's Place (A)                    350          13,023               
Christopher & Banks Corp.               380           5,936               
CKE Restaurants, Inc. (A)               700          10,388               
Claire's Stores, Inc.                 1,050          22,911               
Coldwater Creek, Inc. (A)               675          11,286               
Copart, Inc. (A)                      1,550          33,604               
Cost Plus, Inc. (A)                     400           9,276               
CSK Auto Corp. (A)                      900          13,959               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

DEB Shops, Inc.                         350    $      8,389               
Deckers Outdoor Corp. (A)               300           6,321               
Dick's Sporting Goods, Inc. (A)         400          12,304               
Dollar Tree Stores, Inc. (A)          1,779          43,568               
Domino's Pizza, Inc.                  1,864          33,850               
Dress Barn, Inc. (A)                    400           6,880               
Electronics Boutique Holdings                                             
Corp. (A)                             460          25,636             
Finish Line                             840          15,137               
Foot Locker, Inc.                     2,117          56,439               
Fred's, Inc., Cl. A                     490           7,076               
GameStop Corp. (A)                      450          11,074               
Gander Mountain Co. (A)                 300           3,120               
Genesco, Inc. (A)                       300           7,719               
Goody's Family Clothing, Inc.           600           4,950               
Guitar Center, Inc. (A)                 410          20,233               
Haverty Furniture                       450           6,457               
Hibbett Sporting Goods, Inc. (A)        300           8,091               
HOT Topic, Inc. (A)                     750          14,992               
Ihop Corp.                              300          12,270               
Insight Enterprises, Inc. (A)         1,450          26,245               
J Jill Group, Inc. (A)                  350           4,389               
Jack in the Box, Inc. (A)               400          14,624               
Jo-Ann Stores, Inc. (A)                 460          11,638               
JOS A Bank Clothiers, Inc. (A)          250           8,200               
K-Swiss, Inc., Cl A                     400          12,000               
Kenneth Cole Productions, Inc.          250           7,495               
Krispy Kreme Doughnuts, Inc. (A)        610           3,611               
Landry's Seafood Restaurants            400          10,400               
Linens 'N Things, Inc. (A)            1,442          33,642               
Lithia Motors, Inc.                     300           7,398               
Lone Star Steakhouse & Saloon           430          12,191               
Longs Drug Stores Corp.               1,200          43,620               
MarineMax, Inc. (A)                     460          12,443               
Marvel Enterprises, Inc. (A)          2,615          51,254               
Men's Wearhouse, Inc. (A)               500          20,635               
Michaels Stores, Inc.                 1,958          65,006               
Mothers Work, Inc. (A)                  250           2,963               
Movado Group, Inc.                      500           8,035               
Movie Gallery, Inc.                     350           9,461               
MSC Industrial Direct Co., Cl. A      1,000          26,870               
Neiman-Marcus Group, Inc., Cl. A        717          70,495               
O'Charleys, Inc. (A)                    400           7,976               
O'Reilly Automotive, Inc. (A)           950          48,754               
Outback Steakhouse, Inc.                840          33,936               
Pacific Sunwear of California (A)     2,200          49,742               
Papa John's International, Inc. (A)     360          12,341               
Payless Shoesource, Inc. (A)          1,800          24,588               
PEP Boys-Manny Moe & Jack             1,970          27,935               
Petco Animal Supplies, Inc. (A)       1,250          39,125               
Petsmart, Inc.                        2,020          53,833               
PF Chang's China Bistro, Inc. (A)       340          18,877               
Pier 1 Imports, Inc.                  2,650          38,478               
Rare Hospitality International,                                           
Inc. (A)                              550          15,301             
Red Robin Gourmet Burgers, Inc. (A)     250          12,115               
Retail Ventures, Inc. (A)               900           9,072               
Rite Aid Corp. (A)                    4,750          17,243               
Ross Stores, Inc.                     2,202          58,837               
Ruby Tuesday, Inc.                      600          13,500               
Ruddick Corp.                         1,100          24,706               
Ryan's Restaurant Group, Inc. (A)       850          10,778               

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Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Saks, Inc.                            1,500    $     25,560               
School Specialty, Inc. (A)              350          12,989               
Select Comfort Corp. (A)                900          19,908               
Sharper Image Corp. (A)                 370           4,954               
ShopKo Stores, Inc. (A)                 550          13,178               
Smart & Final, Inc. (A)                 500           4,950               
Sonic Automotive, Inc.                  620          12,195               
Sonic Corp. (A)                         505          16,180               
Sports Authority, Inc. (A)              250           6,650               
Stage Stores, Inc. (A)                  320          12,102               
Steak N Shake Co. (A)                   400           7,232               
Stein Mart, Inc. (A)                    930          18,842               
Stride Rite Corp.                     1,250          15,250               
Talbots, Inc.                           950          24,273               
TBC Corp. (A)                           230           6,017               
Too, Inc. (A)                           620          14,266               
Tractor Supply Co. (A)                1,110          44,644               
Trans World Entertainment (A)           850          11,288               
Tuesday Morning Corp. (A)               700          18,382               
Ultimate Electronics, Inc. (A)          400              14               
Urban Outfitters, Inc. (A)            1,780          78,854               
Weis Markets, Inc.                      550          20,845               
West Marine, Inc. (A)                   400           6,540               
Whole Foods Market, Inc.                830          82,768               
Williams-Sonoma, Inc. (A)             1,600          53,584               
World Fuel Services Corp.               300           7,500               
Yankee Candle Co., Inc. (A)           1,600          44,464               
Zale Corp. (A)                          700          18,921               
                                ------------
                                   2,919,792
                                ------------
RUBBER & PLASTIC--0.1%                                                          
Bandag, Inc.                            350          15,204               
Myers Industries, Inc.                  605           5,814               
Schulman A, Inc.                        350           5,845               
Trex Co., Inc. (A)                      200           8,036               
                                ------------
                                      34,899
                                ------------
SEMI-CONDUCTORS/INSTRUMENTS--2.3%                                               
Actel Corp. (A)                         350           4,910               
Advanced Energy Industries,                                               
Inc. (A)                              350           3,703             
Agere Systems, Inc., Cl. A (A)       25,475          29,806               
AMIS Holdings, Inc. (A)                 400           4,504               
Amkor Technology, Inc. (A)            1,620           5,233               
Amphenol Corp., Cl. A                 1,336          52,692               
Artesyn Technologies, Inc. (A)          750           5,287               
Asyst Technologies, Inc. (A)            550           1,804               
Atmel Corp. (A)                      13,090          30,238               
ATMI, Inc. (A)                        1,150          26,352               
Avanex Corp. (A)                      1,600           1,728               
Axcelis Technologies, Inc. (A)        1,130           7,017               
Benchmark Electronics, Inc. (A)         600          16,224               
Brillian Corp. (A)                       25              45               
Brooks Automation, Inc. (A)           1,410          18,133               
Caliper Life Sciences Inc (A)           250           1,447               
Ceradyne, Inc. (A)                      300           5,958               
Conexant Systems, Inc. (A)            4,266           4,778               
Cree, Inc. (A)                          930          22,497               
Cubic Corp.                             400           7,036               
Cymer, Inc. (A)                         700          17,353               
Cypress Semiconductor Corp. (A)       3,850          46,161               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

DSP Group, Inc. (A)                     490    $     11,809               
Emulex Corp. (A)                      2,220          34,477               
ESS Technology (A)                      650           2,496               
Exar Corp. (A)                        1,550          19,669               
Fairchild Semiconductor                                                   
International, Inc., Cl. A (A)      3,400          45,730             
Finisar Corp. (A)                     7,280           9,173               
Genesis Microchip, Inc. (A)             500           7,155               
Helix Technology Corp.                  400           4,818               
Integrated Circuit Systems, Inc. (A)  2,050          37,453               
Integrated Device Technology,                                             
Inc. (A)                            2,939          31,447             
Integrated Silicon Solutions,                                             
Inc. (A)                              500           3,230             
International Rectifier Corp. (A)       720          30,629               
Intersil Corp., Cl. A                 1,556          27,168               
Lattice Semiconductor Corp. (A)       1,600           7,296               
Mattson Technology, Inc. (A)          1,030           6,540               
MEMC Electronic Materials, Inc. (A)   4,525          53,078               
Methode Electronics, Inc.               650           7,325               
Micrel, Inc. (A)                      1,120          10,528               
Microchip Technology, Inc.            2,722          77,523               
Microsemi Corp. (A)                   1,500          25,380               
Mindspeed Technologies, Inc. (A)      3,250           4,420               
Mykrolis Corp. (A)                      900          11,475               
Omnivision Technologies, Inc. (A)     1,530          21,420               
ON Semiconductor Corp. (A)            8,420          28,965               
Oplink Communications, Inc. (A)         950           1,434               
OSI Systems, Inc. (A)                   938          13,320               
Park Electrochemical Corp.              300           6,645               
Pericom Semiconductor Corp. (A)         700           5,866               
Photon Dynamics, Inc. (A)               250           4,837               
Photronics, Inc. (A)                    550           8,745               
Pixelworks, Inc. (A)                    830           6,391               
Plexus Corp. (A)                      1,500          18,165               
Power Integration (A)                   600          13,050               
Rambus, Inc. (A)                      3,050          43,371               
RF Micro Devices, Inc. (A)            4,730          18,542               
Semtech Corp. (A)                     1,000          16,890               
Sigmatel, Inc. (A)                      635          16,631               
Silicon Image, Inc. (A)               1,220          12,285               
Silicon Laboratories, Inc. (A)        1,450          36,830               
Silicon Storage Technology (A)          990           2,594               
Siliconix, Inc. (A)                     450          14,836               
Sirenza Microdevices, Inc. (A)          950           2,489               
Sirf Technology Holdings, Inc. (A)      550           6,276               
Skyworks Solutions, Inc. (A)          5,486          28,747               
Standard Microsystems Corp. (A)         300           4,245               
Stratos Lightwave, Inc. (A)             210             840               
Tessera Technologies, Inc. (A)          660          17,530               
Three-Five Systems, Inc. (A)            100              78               
Transmeta Corp. (A)                     500             345               
Transwitch Corp. (A)                    300             375               
Triquint Semiconductor, Inc. (A)      1,900           5,624               
TTM Technologies, Inc. (A)              650           5,857               
Varian Semiconductor Equipment                                            
Associates, Inc. (A)                1,008          37,588             
Vitesse Semiconductor Corp. (A)       1,570           3,266               
Zoran Corp. (A)                         639           6,761               
                                ------------
                                   1,192,563
                                ------------

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 TD WATERHOUSE TRUST

Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

REAL ESTATE--0.5%                                                               
Avatar Holdings, Inc. (A)               200    $      9,710               
CB Richard Ellis Group, Inc. (A)      1,650          57,338               
Forest City Enterprises, Inc.,                                            
Cl. A                                 765          48,310             
Jones Lang LaSalle, Inc. (A)            610          22,875               
Orleans Homebuilders, Inc. (A)          400           6,936               
St. Joe Co.                           1,070          74,461               
Trammell Crow Co. (A)                   550          11,715               
WP Carey & Co. LLC                      440          13,068               
                                ------------
                                     244,413
                                ------------
SOFTWARE--2.0%                                                                  
Activision, Inc. (A)                  2,900          41,934               
Actuate Corp. (A)                       500             950               
Advent Software, Inc. (A)               700          12,488               
Akamai Technologies, Inc. (A)         1,800          21,258               
Altiris, Inc. (A)                       350           5,701               
Art Technology Group, Inc. (A)          800             760               
Aspect Communications Corp. (A)         650           5,531               
At Road, Inc. (A)                       650           2,203               
BEA Systems, Inc. (A)                 5,972          41,207               
Borland Software Corp. (A)            1,810          10,516               
Brocade Communications System,                                            
Inc. (A)                            8,772          38,246             
Cerner Corp. (A)                        430          24,966               
Commerce One, Inc. (A)                   75               8               
DST Systems, Inc. (A)                 1,223          55,524               
E.piphany, Inc. (A)                   1,100           3,377               
Echelon Corp. (A)                       400           2,516               
Epicor Software Corp. (A)               600           6,606               
F5 Networks, Inc. (A)                   350          14,983               
Hyperion Solutions Corp. (A)            950          38,636               
Informatica Corp. (A)                 1,250           9,662               
Interactive Intelligence, Inc. (A)      350           1,439               
Internet Security Systems (A)         1,850          35,983               
Interwoven, Inc. (A)                    100             772               
Keane, Inc. (A)                       1,570          18,683               
Lawson Software, Inc. (A)             1,500           7,920               
Magma Design Automation, Inc. (A)       450           2,763               
Mantech International Corp.,                                              
Cl. A (A)                             400           9,620             
Matrixone, Inc. (A)                     400           1,708               
Micromuse, Inc. (A)                   1,690           8,737               
Microstrategy, Inc., Cl. A (A)          606          26,379               
Midway Games, Inc. (A)                  800           7,352               
National Instruments Corp.              750          16,155               
NETIQ Corp. (A)                         950          10,184               
Omnicell, Inc. (A)                      620           3,813               
Opsware, Inc. (A)                     1,150           5,497               
Packeteer, Inc. (A)                     350           4,088               
PDF Solutions, Inc. (A)                 201           2,659               
Peregrine Systems, Inc. (A)              10             210               
Pixar, Inc. (A)                       2,180          99,713               
Portal Software, Inc. (A)               390             917               
Progress Software Corp. (A)             650          17,342               
Quest Software, Inc. (A)              1,070          12,690               
RealNetworks, Inc. (A)                5,900          36,344               
Red Hat, Inc. (A)                     1,950          20,963               
Renaissance Learning, Inc.              450           7,502               
S1 Corp. (A)                          1,100           5,808               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Saba Software, Inc. (A)                 187    $        789               
Salesforce.com, Inc. (A)              1,540          22,299               
ScanSoft, Inc. (A)                    1,400           5,628               
Seebeyond Technology Corp. (A)          800           2,144               
Serena Software, Inc. (A)             1,823          34,692               
SonicWall, Inc. (A)                   1,800           9,252               
SS&C Technologies, Inc.                 350           8,894               
Sybase, Inc. (A)                      2,650          50,165               
Take-Two Interactive Software (A)     1,545          36,354               
THQ, Inc. (A)                           550          13,871               
Tibco Software, Inc. (A)              2,930          20,920               
TradeStation Group, Inc. (A)          1,100           7,095               
Transaction Systems Architects,                                           
Inc., Cl. A (A)                       500          10,365             
Trizetto Group (A)                    1,100          11,451               
Ulticom, Inc. (A)                       700           6,251               
Verint Systems, Inc. (A)                560          17,819               
Verity, Inc. (A)                        600           4,920               
Vignette Corp. (A)                    4,150           4,856               
Vitria Technology, Inc. (A)              87             237               
WebEx Communications, Inc. (A)        1,743          38,032               
webMethods, Inc. (A)                  1,100           5,137               
Wind River Systems (A)                2,170          28,167               
                                ------------
                                   1,041,651
                                ------------
SPECIALTY MACHINERY--0.3%                                                       
Aaon, Inc. (A)                          832          15,201               
Lennox International, Inc.              990          19,354               
Littelfuse, Inc. (A)                    340           9,160               
Modine Manufacturing Co.                600          16,248               
Tecumseh Products Co.                   970          33,698               
Valence Technology, Inc. (A)          4,688           9,376               
Watsco, Inc.                            400          17,356               
York International Corp.                800          31,304               
                                ------------
                                     151,697
                                ------------
STEEL & STEEL WORKS--0.3%                                                       
AK Steel Holding Corp. (A)            2,240          16,240               
Carpenter Technology                    400          22,120               
Maverick Tube Corp. (A)                 540          15,709               
Mittal Steel Co., Cl. A                 801          19,184               
Quanex Corp.                            510          25,735               
Reliance Steel & Aluminum Co.           350          13,205               
Ryerson Tull, Inc.                      500           5,225               
Schnitzer Steel Industries, Inc.,                                         
Cl. A                                 375           9,236             
Steel Dynamics, Inc.                    532          14,460               
Texas Industries, Inc.                  380          17,548               
                                ------------
                                     158,662
                                ------------
TELEPHONES & TELECOMMUNICATIONS--2.7%                                           
Adelphia Business Solutions,                                              
Inc. (A)+                             199               4             
Adtran, Inc.                          2,273          47,119               
Alamosa Holdings, Inc. (A)            2,300          29,877               
Alaska Communications Systems                                             
Group, Inc. (A)                     1,100          10,345             
American Tower Corp., Cl. A (A)       3,267          56,290               
Anixter International, Inc. (A)         600          22,152               
Audiovox Corp., Cl. A (A)             1,464          19,998               
Centennial Communications Corp. (A)   1,790          20,585               
Cincinnati Bell, Inc. (A)             8,900          35,600               

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Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Commonwealth Telephone (A)              500    $     23,230               
Covad Communications Group (A)        1,900           2,156               
Crown Castle International Corp. (A)  3,281          52,923               
Dobson Communications Corp. (A)       3,000           6,000               
Equinix, Inc. (A)                       360          12,593               
Exodus Communications, Inc. (A)+        550              --               
Foundry Networks, Inc. (A)            3,860          32,424               
General Cable Corp. (A)                 600           7,290               
General Communication, Cl. A (A)      2,270          19,159               
Global Crossing Ltd. (A)                500           6,020               
Global Payments, Inc.                   576          37,302               
IDT Corp., Cl. B (A)                  1,929          27,122               
j2 Global Communications, Inc. (A)      250           8,930               
Juniper Networks, Inc. (A)            7,716         174,304               
Level 3 Communications, Inc.(A)       6,230          11,276               
MCI, Inc.                             4,803         127,424               
Metromedia Fiber Network,                                                 
Inc., Cl. A (A)+                      600              --             
Nextel Partners, Inc., Cl. A (A)      2,689          63,245               
NII Holdings, Inc. (A)                1,317          65,942               
North Pittsburgh Systems, Inc.          982          17,755               
Novatel Wireless, Inc. (A)              350           3,136               
NTL, Inc. (A)                         1,274          81,511               
Optical Cable Corp. (A)                  84             382               
Premiere Global Services, Inc. (A)    1,340          14,472               
Primus Telecommunications                                                 
Group (A)                           2,500           3,775             
Shenandoah Telecomm Co. (A)             400          11,744               
Spectrasite, Inc. (A)                   713          40,021               
SureWest Communications                 250           5,102               
Sycamore Networks, Inc. (A)           2,550           8,568               
Syniverse Holdings, Inc. (A)          1,802          21,804               
Telephone & Data Systems, Inc.          790          60,980               
Time Warner Telecom, Inc., Cl. A (A)    150             610               
Triton PCS Holdings, Inc., Cl. A (A)  1,050           1,732               
Ubiquitel, Inc. (A)                   1,700          12,291               
US Cellular Corp. (A)                 1,193          55,117               
US Unwired, Inc. (A)                  2,350          11,304               
Valor Communications Group, Inc. (A)  1,793          24,206               
Warwick Valley Telephone Co.            600          13,032               
West Corp. (A)                          967          31,321               
Western Wireless Corp., Cl. A (A)     1,356          53,142               
                                ------------
                                   1,391,315
                                ------------
TESTING LABORATORIES--0.4%                                                      
Accelrys, Inc. (A)                      610           3,154               
Amylin Pharmaceticals, Inc. (A)       2,163          36,771               
Antigenics, Inc. (A)                    900           6,462               
Ariad Pharmaceuticals, Inc. (A)         900           5,526               
CV Therapeutics, Inc. (A)               500           9,910               
Diversa Corp. (A)                       750           3,937               
Dyax Corp. (A)                          550           2,189               
eResearch Technology, Inc. (A)          630           7,157               
Exelixis, Inc. (A)                    1,490          10,206               
Incyte Corp. (A)                      1,760          11,510               
Isis Pharmaceuticals, Inc. (A)        1,980           5,742               
Lexicon Genetics, Inc. (A)            1,000           4,380               
Luminex Corp. (A)                       700           5,530               
Myriad Genetics, Inc. (A)               390           6,302               
Oscient Pharmaceuticals Corp. (A)     1,500           3,000               
Pharmaceutical Product                                                    
Development, Inc. (A)                 861          39,072             

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Pharmacopeia Drug Discovery, Inc. (A)   305    $      1,495               
Rigel Pharmaceuticals, Inc. (A)         300           5,145               
SFBC International, Inc. (A)            300           9,360               
Symyx Technologies, Inc. (A)            400           9,748               
Tejon Ranch Co. (A)                     370          16,410               
Trimeris, Inc. (A)                      250           2,488               
                                ------------
                                     205,494
                                ------------
TRUCKING--1.1%                                                                  
Arkansas Best Corp.                     510          16,080               
CH Robinson Worldwide, Inc.           1,200          61,920               
CNF, Inc.                               800          34,200               
Expeditors International                                                  
Washington, Inc.                    1,400          68,754             
Forward Air Corp.                       585          14,075               
GATX Corp.                              750          24,540               
Heartland Express                       975          18,077               
Hunt JB Transportation Services,                                          
Inc.                                1,176          45,970             
Kirby Corp. (A)                         450          18,333               
Knight Transportation, Inc.             945          19,968               
Laidlaw International, Inc. (A)       1,675          37,503               
Landstar Systems, Inc. (A)            1,200          36,780               
Old Dominion Freight Line (A)           300           8,430               
Overnite Corp.                          350          10,493               
Pacer International, Inc. (A)           580          12,023               
SCS Transportation, Inc. (A)            300           4,587               
Sirva, Inc. (A)                       1,600          11,168               
Swift Transportation Co., Inc. (A)    1,527          32,571               
USF Corp.                               600          25,578               
Wabash National Corp.                   490          12,495               
Werner Enterprises, Inc.              2,287          42,493               
Yellow Roadway Corp. (A)                734          35,966               
                                ------------
                                     592,004
                                ------------
WATER UTILITIES--0.1%                                                           
Aqua America, Inc.                    2,375          63,412               
                                ------------
WHOLESALE--1.4%                                                                 
Adesa, Inc.                             848          20,513               
Aramark Corp.                         2,718          66,618               
Arrow Electronics, Inc. (A)           1,675          40,770               
Aviall, Inc. (A)                        400          11,700               
Avnet, Inc. (A)                       1,754          33,133               
Barnes Group, Inc.                      300           8,625               
Central European Distribution                                             
Corp. (A)                             300          11,136             
Fastenal Co.                          1,050          56,238               
Fresh Del Monte Produce               1,027          29,680               
Handleman Co.                           400           6,940               
Hughes Supply, Inc.                   1,600          41,760               
Ingram Micro, Inc., Cl. A (A)         2,262          37,685               
LKQ Corp. (A)                           400           8,056               
Navarre Corp. (A)                       550           4,400               
Owens & Minor Inc. Holding Co.          900          26,109               
Patterson Cos., Inc. (A)              1,840          93,012               
Performance Food Group Co. (A)        1,403          37,727               
SCP Pool Corp.                          765          24,924               
Tech Data Corp. (A)                   1,180          43,105               
United Natural Foods, Inc. (A)        1,500          40,200               
United Stationers, Inc. (A)             923          38,932               

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Extended Market Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Valhi, Inc.                           1,823    $     32,832               
Wesco International, Inc. (A)         1,431          34,602               
                                ------------
                                     748,697
                                ------------
TOTAL COMMON STOCK                                                              
(COST $49,160,331)--99.7%                          51,679,417                 
                                ------------

WARRANTS                                                                        
COMMUNICATIONS--0.0%                                                            
RCN Chapter 11 (A) +                      1              --               
                                ------------
COMPUTERS & SERVICES--0.0%                                                      
Redback Networks, Inc.,                                                   
expires 01/05/11 (A)                    6              11             
                                ------------
TELEPHONES & TELECOMMUNICATIONS--0.0%                                           
NTL, Inc. Series A,                                                       
expires 01/13/11 (A)                    3               4             
                                ------------
TOTAL WARRANTS                                                                  
(COST $41,701)--0.0%                                       15                 
                                ------------

TOTAL INVESTMENTS                                                               
(COST $49,202,032)--99.7%                          51,679,432                 

OTHER ASSETS AND LIABILITIES, NET--0.3%                143,160                  
                                ------------

NET ASSETS                                        $ 51,822,592                  
                                ============

(A)    Non-income producing security.                                           
+     Fair-valued security.                                                   

Amounts designated as "--"are either $0 or round to $0.                         

The following futures contracts were open as of April 30, 2005:                 

                # of                      Unrealized      Expiration
Description        Contracts      Value        Appreciation        Date         
-----------        ----------     -----        ------------        ----         
S&P Mid-Cap                                                                     
E-Mini               2         $126,860         $(700)         June 2005    

At April 30, 2005, the tax basis cost of the Fund's investments was $49,419,118,
and the unrealized appreciation and depreciation were $8,704,623 and            
$(6,444,309), respectively.                                                     

For information on the Fund's policy regarding valuation of investments and     
other significant accounting policies, please refer to the Fund's most recent   
semi-annul or annual report.                                                    

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Asian Pacific Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

FOREIGN COMMON STOCK                                                            
AUSTRALIA--17.4%                                                                
Amcor Ltd.                            3,578    $     18,045               
AMP Ltd.                              9,194          48,235               
Aristocrat Leisure Ltd.               1,367          10,352               
Australia and New Zealand Banking                                         
Group Ltd.                          9,709         163,497             
Australia Gas Light Co. Ltd.          2,920          32,736               
BHP Billiton Ltd.                    17,913         224,314               
BHP Steel Ltd.                        3,200          19,037               
Boral Ltd.                            2,466          11,128               
Brambles Industries Ltd.              5,971          36,593               
Centro Properties Group               4,370          17,468               
Coca-Cola Amatil Ltd.                 1,800          11,636               
Coles Myer Ltd.                       5,776          38,600               
Commonwealth Bank of Australia        6,793         192,722               
Commonwealth Property Office Fund     6,041           5,966               
Computershare Ltd.                    2,073           8,157               
CSL Ltd.                              1,090          26,890               
CSR Ltd.                              4,044           7,514               
Foster's Group Ltd.                  10,674          42,666               
Futuris Corp. Ltd.                    4,062           5,994               
General Property Trust                9,176          26,434               
Iluka Resources Ltd.                  1,570           7,170               
ING Industrial Fund                   3,740           6,015               
Insurance Australia Group Ltd.        9,080          42,958               
James Hardie Industries               2,015           8,809               
John Fairfax Holdings Ltd.            6,339          18,756               
Leighton Holdings Ltd.                1,988          15,365               
Lend Lease Corp. Ltd.                 1,336          12,464               
Lion Nathan Ltd.                      2,000          11,383               
Macquarie Bank Ltd.                   1,129          40,325               
Macquarie Goodman Group (A)           6,032          18,601               
Macquarie Infrastructure Group        9,443          26,761               
Mirvac Group                          2,904           9,499               
National Australia Bank Ltd.          8,273         188,272               
Newcrest Mining Ltd.                  1,246          14,406               
OneSteel Ltd.                         3,079           5,240               
Orica Ltd.                            1,120          13,728               
Origin Energy Ltd.                    4,222          23,106               
Pacific Brands Ltd.                   2,543           4,348               
PaperlinX Ltd.                        1,671           3,679               
Patrick Corp. Ltd.                    2,000           8,494               
Publishing & Broadcasting Ltd.        1,000          11,141               
Qantas Airways Ltd.                   4,600          11,564               
Qbe Insurance Group Ltd.              3,777          43,936               
Rinker Group Ltd.                     5,020          44,560               
Rio Tinto Ltd.                        1,661          53,685               
Santos Ltd.                           3,419          24,717               
Southcorp Ltd. (A)                       85             281               
Stockland                             7,513          34,254               
Suncorp-Metway Ltd.                   2,890          44,493               
Tabcorp Holdings Ltd.                 2,736          33,108               
Telstra Corp. Ltd.                   11,566          43,703               
Toll Holdings Ltd.                    1,000           9,915               
Transurban Group                      1,768          10,228               
Wesfarmers Ltd.                       2,007          56,250               
Westfield Group                       7,800          98,771               
Westpac Banking Corp. Ltd.            9,510         144,406               
WMC Ltd.                              7,062          31,591               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

WMC Resources Ltd.                    6,762    $     41,810               
Woodside Petroleum Ltd.               2,657          48,747               
Woolworths Ltd.                       5,126          61,189               
                                ------------
                                   2,275,712
                                ------------
HONG KONG--5.8%                                                                 
Bank of East Asia                     8,600          25,216               
BOC Hong Kong Holdings Ltd.          22,500          42,586               
Cathay Pacific Airways Ltd.           4,000           7,622               
Cheung Kong Holdings Ltd.             8,000          75,452               
Cheung Kong Infrastructure                                                
Holdings Ltd.                       2,000           6,313             
CLP Holdings Ltd.                    10,200          57,852               
Esprit Holdings Ltd.                  4,500          33,492               
Giordano International Ltd.          10,000           6,929               
Hang Lung Properties Ltd.             7,000          10,734               
Hang Seng Bank Ltd.                   4,100          56,031               
Henderson Land Development            3,000          13,936               
Hong Kong & China Gas                16,900          34,589               
Hong Kong Electric Holdings           6,500          29,693               
Hong Kong Exchanges &                                                     
Clearing Ltd.                       4,000           9,752             
Hopewell Holdings                     3,000           7,295               
Hutchison Whampoa Ltd.               11,000          98,101               
Johnson Electric Holdings            18,000          16,053               
Kingboard Chemical Holdings Ltd.      4,500          13,397               
Li & Fung Ltd.                       12,000          22,944               
New World Development Ltd.            9,000           9,643               
Shangri-La Asia Ltd.                  6,000           9,162               
Sino Land Co.                         8,000           7,494               
Sun Hung Kai Properties Ltd.          8,000          76,479               
Swire Pacific Ltd.                    4,500          37,534               
Techtronic Industries Co.             4,000           8,906               
Television Broadcasts Ltd.            2,000          10,060               
Wharf Holdings Ltd.                   6,000          19,980               
Yue Yuen Industrial Holdings          2,500           7,090               
                                ------------
                                     754,335
                                ------------
JAPAN--71.4%                                                                    
7-Eleven Japan                        2,000          55,953               
Acom Co. Ltd.                           430          27,330               
Advantest Corp.                         300          20,914               
Aeon Co. Ltd.                         3,100          47,793               
Aiful Corp. (B)                         300          22,105               
Aisin Seiki Co. Ltd.                    600          12,925               
Ajinomoto Co., Inc.                   3,000          35,834               
All Nippon Airways Co. Ltd.           2,000           6,455               
Alps Electric Co. Ltd.                1,000          15,523               
Aoyama Trading Co. Ltd.                 300           7,802               
Asahi Breweries Ltd.                  2,300          29,074               
Asahi Glass Co. Ltd.                  4,000          43,934               
Asahi Kasei Corp.                     7,000          33,481               
Asatsu-DK, Inc..                        200           6,202               
Autobacs Seven Co. Ltd.                 200           6,467               
Bandai Co. Ltd.                         300           6,818               
Bank of Fukuoka Ltd.                  2,000          12,020               
Bank of Yokohama Ltd.                 7,000          39,685               
Benesse Corp                            200           6,443               
Bridgestone Corp.                     3,000          57,091               
Canon, Inc.                           4,200         217,597               
Central Japan Railway Co.                 6          49,156               

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Asian Pacific Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Chiba Bank Ltd.                       5,000    $     30,517               
Chubu Electric Power Co., Inc.        3,300          79,008               
Chugai Pharmaceutical Co. Ltd.        1,800          28,054               
Citizen Watch Co. Ltd.                1,000           9,041               
Coca-Cola West Japan Co. Ltd.           300           6,873               
Credit Saison Co. Ltd.                  700          23,725               
CSK Corp.                               300          11,328               
Dai Nippon Printing Co. Ltd.          3,000          47,749               
Daicel Chemical Industries Ltd.       2,000          10,660               
Daiichi Pharmaceutical Co. Ltd.       1,500          34,492               
Daikin Industries Ltd.                1,000          24,748               
Daimaru, Inc.                         1,000           8,719               
Dainippon Ink and Chemicals, Inc.     3,000           8,078               
Dainippon Screen Manufacturing                                            
Co. Ltd.                            1,000           6,698             
Daito Trust Construction Co. Ltd.       400          15,905               
Daiwa House Industry Co. Ltd.         3,000          33,361               
Daiwa Securities Group, Inc.          7,000          43,756               
Denso Corp.                           2,900          68,409               
Dentsu, Inc.                              6          15,225               
Dowa Mining Co. Ltd.                  1,000           6,481               
East Japan Railway Co.                   18          93,392               
Ebara Corp.                           2,000           7,975               
Eisai Co. Ltd.                        1,300          43,088               
Electric Power Development Co.          700          20,996               
Fanuc Ltd.                              800          46,750               
Fast Retailing Co. Ltd.                 200          11,737               
Fuji Photo Film Co. Ltd.              2,500          82,016               
Fuji Soft ABC, Inc.                     200           5,813               
Fujikura Ltd.                         2,000           8,577               
Fujitsu Ltd.                         10,000          54,414               
Furukawa Electric Co. Ltd. (A)        3,000          13,086               
Hankyu Department Stores, Inc.        1,000           7,034               
Hino Motors Ltd.                      1,000           5,969               
Hirose Electric Co. Ltd.                100          10,151               
Hitachi Cable Ltd.                    3,000          12,743               
Hitachi Chemical Co. Ltd.               500           8,473               
Hitachi Construction Machinery                                            
Co. Ltd.                              900          11,422             
Hitachi Ltd.                         17,000          99,718               
Hokkaido Electric Power Co., Inc.       700          14,032               
Hokuhoku Financial Group, Inc.        4,000          11,245               
Honda Motor Co. Ltd.                  4,000         192,348               
House Foods Corp.                       400           5,708               
Hoya Corp.                              600          62,235               
Isetan Co. Ltd.                         900          10,645               
Ishikawajima-Harima Heavy                                                 
Industries Co. Ltd. (A)             7,000          11,355             
Ito En Ltd.                             200           9,787               
Ito-Yokado Co. Ltd.                   1,700          57,896               
Itochu Corp. (A)                      6,000          29,307               
Itochu Techno-Science Corp.             200           6,353               
Japan Airlines Systems Corp. (A)      6,000          16,964               
Japan Real Estate Investment Corp.        1           8,241               
Japan Tobacco, Inc.                       5          64,127               
JFE Holdings, Inc.                    2,875          79,017               
JGC Corp.                             1,000          10,144               
Joyo Bank Ltd.                        4,000          19,996               
JSR Corp.                             1,000          19,992               
Kajima Corp.                          6,000          22,625               
Kamigumi Co. Ltd.                     1,000           7,771               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Kaneka Corp.                          1,000    $     10,818               
Kansai Electric Power Co.             3,900          78,353               
Kansai Paint Co. Ltd.                 1,000           5,953               
Kao Corp.                             3,000          68,990               
Katokichi Co. Ltd. (B)                  900           6,725               
Kawasaki Kisen Kaisha Ltd.            3,000          19,317               
Keio Electric Railway Co. Ltd.        2,000          11,260               
Keyence Corp.                           200          43,839               
Kinden Corp.                          1,000           8,306               
Kintetsu Corp.                        7,000          21,675               
Kirin Brewery Co. Ltd.                3,000          28,965               
Kobe Steel Ltd.                       9,000          16,115               
Kokuyo Co. Ltd.                         500           6,457               
Komatsu Ltd.                          6,000          41,945               
Konica Minolta Holdings, Inc.         2,000          19,093               
Koyo Seiko Co. Ltd.                   1,000          13,500               
Kubota Corp.                          5,000          25,627               
Kuraray Co. Ltd.                      2,000          18,407               
Kurita Water Industries Ltd.            500           7,726               
Kyocera Corp.                           900          65,355               
Kyowa Hakko Kogyo Co. Ltd.            2,000          14,715               
Kyushu Electric Power                 2,200          47,227               
Lawson, Inc.                            300          11,577               
Leopalace21 Corp.                       400           6,072               
Marubeni Corp.                        6,000          19,321               
Marui Co. Ltd.                        2,100          26,681               
Matsumotokiyoshi Co. Ltd.               200           5,632               
Matsushita Electric Industrial                                            
Co. Ltd.                           11,865         172,659             
Matsushita Electric Works             1,000           8,372               
MEDICEO Holdings Co. Ltd.               500           6,218               
Meiji Dairies Corp.                   1,000           5,514               
Meiji Seika Kaisha Ltd.               2,000           9,555               
Meitec Corp.                            200           6,577               
Millea Holdings, Inc.                     8         108,191               
Minebea Co. Ltd.                      2,000           7,887               
Mitsubishi Chemical Corp.            10,000          31,412               
Mitsubishi Corp.                      5,900          80,297               
Mitsubishi Electric Corp.            10,000          52,491               
Mitsubishi Estate Co. Ltd.            5,000          53,342               
Mitsubishi Gas Chemical Co., Inc.     2,000           9,702               
Mitsubishi Heavy Industries Ltd.     16,000          42,343               
Mitsubishi Rayon Co. Ltd.             3,000          11,235               
Mitsubishi Tokyo Financial                                                
Group, Inc.                            23         196,465             
Mitsui & Co. Ltd.                     7,000          66,045               
Mitsui Chemicals, Inc.                4,000          22,508               
Mitsui Engineering & Shipbuilding                                         
Co. Ltd.                            4,000           8,582             
Mitsui Fudosan Co. Ltd.               4,000          44,182               
Mitsui Mining & Smelting Co. Ltd.     3,000          12,746               
Mitsui O.S.K. Lines Ltd.              4,000          24,914               
Mitsui Sumitomo Insurance Co. Ltd.    6,000          53,888               
Mitsui Trust Holdings, Inc.           3,000          29,352               
Mitsukoshi Ltd.                       2,000           9,337               
Mitsumi Electric Co. Ltd.               500           5,435               
Mizuho Financial Group, Inc.             38         176,141               
Murata Manufacturing Co. Ltd.         1,200          58,987               
Namco Ltd.                              600           8,001               
NEC Corp.                             9,000          48,926               
NEC Electronics Corp.                   200           8,931               
NET One Systems Co. Ltd.                  2           5,023               

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Asian Pacific Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

NGK Insulators Ltd.                   1,000    $     10,176               
NGK Spark Plug Co. Ltd.               1,000          10,369               
Nichirei Corp.                        2,000           7,353               
Nidec Corp.                             200          23,218               
Nikko Cordial Corp.                   9,000          41,454               
Nikon Corp.                           1,000          10,393               
Nintendo Co. Ltd.                       500          56,575               
Nippon Building Fund, Inc.                1           8,963               
Nippon Express Co. Ltd.               3,000          14,401               
Nippon Kayaku Co. Ltd.                1,000           5,594               
Nippon Light Metal Co. Ltd.           3,000           7,567               
Nippon Meat Packers, Inc.             1,000          12,550               
Nippon Mining Holdings, Inc.          5,500          32,978               
Nippon Mitsubishi Oil Corp.           6,000          42,023               
Nippon Sheet Glass Co. Ltd.           4,000          16,200               
Nippon Shokubai Co. Ltd.              1,000           8,916               
Nippon Steel Corp.                   30,000          75,167               
Nippon Telegraph & Telephone Corp.       26         108,692               
Nippon Unipac Holding                     4          17,141               
Nippon Yusen Kabushiki Kaisha         4,000          23,479               
Nishimatsu Construction Co. Ltd.      1,000           3,724               
Nissan Chemical Industries Ltd.       1,000           8,603               
Nissan Motor Co. Ltd.                13,300         130,236               
Nisshin Seifun Group, Inc.            1,000          10,335               
Nisshin Steel Co. Ltd.                3,000           7,623               
Nisshinbo Industries, Inc.            1,000           7,746               
Nissin Food Products Co. Ltd.           500          13,235               
Nitori Co. Ltd.                         100           6,702               
Nitto Denko Corp.                       900          48,633               
NOK Corp.                               400          10,335               
Nomura Holdings, Inc.                10,000         125,511               
Nomura Research Institute Ltd.          100           9,440               
NSK Ltd.                              2,000           9,839               
NTN Corp.                             2,000          10,560               
NTT Data Corp.                            5          15,198               
NTT Docomo, Inc.                        107         165,481               
Obayashi Corp.                        3,000          17,389               
Odakyu Electric Railway Co. Ltd.      3,000          17,274               
OJI Paper Co. Ltd.                    5,000          26,513               
Oki Electric Industry Co. Ltd. (A)    3,000          11,065               
Olympus Corp.                         1,000          20,096               
Omron Corp.                           1,000          21,725               
Onward Kashiyama Co. Ltd.             1,000          12,765               
Oracle Corp.                            200           8,665               
Oriental Land Co. Ltd.                  200          12,521               
ORIX Corp.                              400          54,061               
Osaka Gas Co. Ltd.                    9,000          28,258               
Pioneer Corp.                           500           8,407               
Promise Co. Ltd.                        400          25,636               
QP Corp.                                700           6,289               
Rakuten, Inc.                            23          18,982               
Resona Holdings, Inc. (A)            26,000          48,359               
Ricoh Co. Ltd.                        4,000          63,365               
Rinnai Corp.                            200           5,092               
Rohm Co. Ltd.                           600          56,137               
Ryohin Keikaku Co. Ltd.                 200          10,004               
Sampo Japan Insurance, Inc.           4,000          38,409               
Sankyo Co. Ltd.                       2,100          43,504               
Sankyo Co. Ltd. - Gunma                 200           9,816               
Sanyo Electric Co. Ltd.               6,000          17,274               
Sapporo Holdings Ltd.                 2,000           9,281               

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Secom Co. Ltd.                        1,000    $     39,702               
Sega Sammy Holdings, Inc. (A)           340          19,848               
Seiko Epson Corp.                       400          13,754               
Seino Transportation Co. Ltd.         1,000           9,444               
Sekisui Chemical Co. Ltd.             2,000          14,361               
Sekisui House Ltd.                    3,000          31,483               
Sharp Corp.                           5,000          77,265               
Shimachu Co. Ltd.                       200           5,108               
Shimamura Co. Ltd.                      100           8,239               
Shin-Etsu Chemical Co. Ltd.           1,900          69,747               
Shinsei Bank Ltd.                     5,000          26,905               
Shionogi & Co. Ltd.                   2,000          27,611               
Shiseido Co. Ltd.                     2,000          25,345               
Shizuoka Bank Ltd.                    3,000          27,683               
Showa Shell Sekiyu KK                   500           5,013               
Skylark Co. Ltd.                        300           4,969               
SMC Corp.                               300          31,263               
Softbank Corp.                        1,300          51,575               
Sojitz Holdings Corp. (A)             1,400           6,683               
Sony Corp.                            4,900         179,542               
Sumitomo Bakelite Co. Ltd.            1,000           6,181               
Sumitomo Chemical Co. Ltd.            6,000          30,505               
Sumitomo Corp.                        4,000          33,625               
Sumitomo Electric Industries Ltd.     3,000          31,119               
Sumitomo Heavy Industries Ltd.        3,000          12,034               
Sumitomo Metal Industries Ltd.       22,000          38,458               
Sumitomo Metal Mining Co. Ltd.        2,000          13,898               
Sumitomo Mitsui Financial                                                 
Group, Inc.                            23         147,046             
Sumitomo Osaka Cement Co. Ltd.        3,000           7,531               
Sumitomo Realty & Development                                             
Co. Ltd.                            2,000          22,485             
Sumitomo Trust & Banking Co. Ltd.     7,000          43,257               
T&D Holdings, Inc. (A)                  950          46,528               
Taiheiyo Cement Corp.                 4,000          11,136               
Taisei Corp.                          4,000          13,897               
Taisho Pharmaceutical Co. Ltd.        1,000          21,297               
Takara Holdings, Inc.                 1,000           6,357               
Takashimaya Co Ltd.                   1,000           8,823               
Takeda Chemical Industries Ltd.       4,400         213,199               
Takefuji Corp.                          590          37,069               
TDK Corp.                               700          48,472               
Teijin Ltd.                           5,000          22,495               
Teikoku Oil Co. Ltd.                  1,000           7,142               
Terumo Corp.                          1,100          32,440               
THK Co. Ltd.                            500           9,277               
TIS, Inc.                               200           7,181               
Tobu Railway Co. Ltd.                 3,000          11,174               
Toho Co. Ltd.                           800          12,593               
Tohoku Electric Power                 2,400          46,300               
Tokyo Electric Power Co.              5,600         134,200               
Tokyo Electron Ltd.                     900          45,882               
Tokyo Gas Co. Ltd.                   14,000          56,022               
Tokyu Corp.                           6,000          28,817               
Tokyu Land Corp.                      2,000           8,160               
TonenGeneral Sekiyu                   1,000          10,655               
Toppan Printing Co. Ltd.              3,000          32,509               
Toray Industries, Inc.                5,000          22,098               
Toshiba Corp.                        16,000          64,835               
Tostem Inax Holding Corp.             1,000          17,958               
Toto Ltd.                             1,000           8,454               

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Asian Pacific Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

Toyo Seikan Kaisha Ltd.               1,000    $     18,211               
Toyobo Co. Ltd.                       3,000           7,001               
Toyoda Gosei Co. Ltd.                   100           1,809               
Toyota Industries Corp.               1,300          35,727               
Toyota Motor Corp.                   14,400         522,404               
Trend Micro, Inc.                       500          17,970               
Ube Industries Ltd. (A)               4,000           7,928               
UFJ Holdings, Inc. (A)                   21         108,966               
Uni-Charm Corp.                         200           8,919               
UNY Co.                               1,000          11,529               
USS Co. Ltd.                            100           7,903               
West Japan Railway Co.                   10          37,073               
World Co. Ltd.                          200           6,609               
Yahoo Japan Corp. (B)                    20          44,494               
Yamada Denki Co. Ltd.                   300          14,273               
Yamaha Corp.                            600           8,823               
Yamaha Motor Co. Ltd.                 1,000          17,377               
Yamanouchi Pharmaceutical Co. Ltd.    2,836         102,082               
Yamato Transport Co. Ltd.             2,000          26,250               
Yamazaki Baking Co. Ltd.              1,000           8,814               
Yokogawa Electric Corp.               1,000          12,912               
Zeon Corp.                            1,000           7,875               
                                ------------
                                   9,300,375
                                ------------
NEW ZEALAND--0.7%                                                               
Auckland International Airport Ltd.   4,308           6,263               
Carter Holt Harvey Ltd.               7,805          10,605               
Fisher & Paykel Appliances                                                
Holdings Ltd.                       1,850           3,770             
Fisher & Paykel Healthcare Corp.      2,940           6,486               
Fletcher Building Ltd.                1,911           8,655               
Sky City Entertainment Group Ltd.     1,706           5,508               
Telecom Corp. of New Zealand Ltd.    10,397          46,026               
                                ------------
                                      87,313
                                ------------
SINGAPORE--2.8%                                                                 
Chartered Semiconductor                                                   
Manufacturing Ltd. (A)             22,000          12,764             
City Developments Ltd.                4,000          16,856               
ComfortDelgro Corp. Ltd.              8,000           8,501               
DBS Group Holdings Ltd.               6,000          52,400               
Fraser and Neave Ltd.                 1,000           9,466               
Haw Par Corp. Ltd.                      204             648               
Keppel Corp. Ltd.                     4,000          26,139               
Neptune Orient Lines Ltd.             7,000          14,535               
Oversea-Chinese Banking Corp.         6,000          49,102               
SembCorp Logistics Ltd. (A)             839             841               
Singapore Airlines Ltd.               2,000          13,680               
Singapore Post Ltd.                  11,000           5,778               
Singapore Press Holdings Ltd.        10,250          27,293               
Singapore Telecommunications Ltd.    32,358          50,590               
ST Assembly Test Services Ltd. (A)   15,000           9,161               
United Overseas Bank Ltd.             7,000          61,134               
Venture Corp. Ltd.                    1,000           8,489               
                                ------------
                                     367,377
                                ------------
TOTAL FOREIGN COMMON STOCK                                                      
(COST $11,747,362)--98.1%                          12,785,112                 
                                ------------

                   NUMBER OF        MARKET
                    SHARES         VALUE
----------------------------------------------------------------                

WARRANTS                                                                        
REAL ESTATE--0.0%                                                               
City Developments Ltd.,                                                   
expires 05/10/06 (A)              400        $      1,060             
                                ------------
TOTAL WARRANTS                                                                  
(COST $0)--0.0%                                         1,060                 
                                ------------

RIGHTS                                                                          
FINANCIAL SERVICES--0.0%                                                        
Macquarie Goodman Group,                                                  
expires 05/16/05 (A)            6,032                 146             
                                ------------
TOTAL RIGHTS                                                                    
(COST $0)--0.0%                                           146                 
                                ------------

TOTAL INVESTMENTS                                                               
(COST $11,747,362) --98.1%                         12,786,318                 

OTHER ASSETS AND LIABILITIES, NET--1.9%                244,287                  
                                ------------

NET ASSETS                                        $ 13,030,605                  
                                ============

(A)    Non-income producing security.                                           
(B)    Security purchased on a when-issued basis.                               

The following futures contracts were open as of April 30, 2005:                 

                                Unrealized
                     # of                        Appreciation       Expiration
Description        Contracts         Value       (Depreciation)         Date    
-----------        ----------       -------      --------------         ----    
Nikkei 300                                                                      
Index               8            $164,349        $(896,000)        June 2005

At April 30, 2005, the tax basis cost of the Fund's investments was $11,747,362,
and the unrealized appreciation and depreciation were $1,534,679 and $(495,723),
respectively.                                                                   

For information on the Fund's policy regarding valuation of investments and     
other significant accounting policies, please refer to the Fund's most recent   
semi-annul or annual report.                                                    

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 European Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                       NUMBER OF        MARKET
                        SHARES         VALUE
------------------------------------------------------------------              

FOREIGN COMMON STOCK                                                            
AUSTRIA--0.5%                                                                   
Flughafen Wien AG                         241     $    15,612             
IMMOFINANZ Immobilien                                                     
Anlagen AG (A)                          631           5,732           
Mayr-Melnhof Karton AG                    100          14,851             
RHI AG (A)                                224           6,355             
Telekom Austria AG                        988          18,928             
Verbund-Oesterreichischen                                                 
Elektrizaetswirtschafts AG, Cl. A         5           1,246           
Voestalpine AG                             22           1,486             
Wienerberger AG                            41           1,730             
                                     -----------
                                          65,940
                                     -----------
BELGIUM--2.3%                                                                   
AGFA-Gevaert NV                           111           3,610             
Barco NV                                  127           9,714             
Bekaert SA                                 18           1,386             
Belgacom SA                               550          20,960             
Colruyt SA                                 44           6,640             
Compagnie Maritime Belge SA               230           8,644             
Confinimmo SA                              85          14,326             
Cumerio                                   156           2,106             
D'ieteren NV                               50          11,013             
Delhaize Group                            260          17,127             
Dexia                                   1,299          29,732             
Electrabel                                 57          26,438             
Fortis                                  2,738          75,598             
Groupe Bruxelles Lambert SA               170          15,256             
Interbrew                                 679          21,578             
KBC Bancassurance Holding                 451          35,541             
Mobistar SA (A)                            74           6,298             
Omega Pharma SA                            26           1,405             
Solvay SA                                 157          17,796             
UCB SA                                    109           5,270             
Umicore                                   156          13,428             
                                     -----------
                                         343,866
                                     -----------
DENMARK--1.2%                                                                   
AP Moller-Maersk A/S                        2          17,560             
Danisco A/S                               100           6,637             
Danske Bank A/S                         1,024          29,910             
FLS Industries A/S (A)                    465           7,836             
GN Store Nord                             684           7,123             
H. Lundbeck A/S                           536          12,599             
ISS A/S                                    92           7,354             
Kobenhavns Lufthavne                       90          20,082             
NKT Holding A/S                           227           7,965             
Novo-Nordisk A/S, Cl. B                   519          26,148             
Novozymes A/S, Cl. B                       74           3,594             
TDC A/S                                   625          26,709             
Vestas Wind Systems A/S (A)               263           3,307             
William Demant Holdings (A)                37           1,755             
                                     -----------
                                         178,579
                                     -----------

                       NUMBER OF        MARKET
                        SHARES         VALUE
------------------------------------------------------------------              

FINLAND--2.0%                                                                   
Elisa Corp. (A)                           292     $     4,159             
Fortum Oyj                              1,399          21,186             
KCI Konecranes Oyj                        141           5,533             
Kesko Oyj, Cl. B                           74           1,783             
Kone Oyj                                   85           6,452             
Neste Oil Oyj                             349           7,795             
Nokia Oyj                              11,579         183,538             
Pohjola Group PLC, Cl. D                1,233          15,832             
Stora Enso Oyj, Cl. R (A)               1,465          19,358             
Tietoenator Oyj                           151           4,527             
UPM-Kymmene Oyj                         1,424          28,233             
Uponor Oyj                                 76           1,506             
                                     -----------
                                         299,902
                                     -----------
FRANCE--13.3%                                                                   
Accor SA                                  445          20,251             
Air France                                610           9,551             
Air Liquide                               248          44,033             
Alcatel SA                              2,862          30,342             
Alstom (A)                                304             235             
Arcelor                                   998          20,031             
Atos Origin (A)                           299          17,950             
Autoroutes du Sud de la France            360          18,527             
AXA                                     3,323          81,190             
BNP Paribas                             1,866         122,201             
Bouygues                                  498          19,760             
Business Objects SA (A)                   163           4,205             
Cap Gemini SA (A)                          98           3,032             
Carrefour SA                            1,441          69,525             
Cie de Saint-Gobain (A)                   733          41,118             
Cie Generale D'Optique Essilor                                            
International SA                        264          18,766           
Credit Agricole SA                      1,554          40,008             
Dassault Systemes SA                      366          17,065             
European Aeronautic Defense                                               
and Space Co.                           354          10,002           
France Telecom (A)                      3,470         101,478             
Gecina SA                                  66           7,456             
Groupe Danone                             565          52,630             
Hermes International                       65          12,352             
Imerys SA                                  92           6,552             
Klepierre                                  72           6,887             
L'Oreal SA                                713          51,005             
Lafarge SA                                405          36,605             
Lagardere S.C.A.                          320          23,015             
LVMH Moet Hennessy Louis                                                  
Vuitton SA                              574          40,249           
Michelin (C.G.D.E.), Cl. B                336          20,253             
Pernod-Ricard                             127          19,199             
Peugeot SA                                399          23,471             
Pinault-Printemps-Redoute                 260          25,440             
Renault SA                                435          36,211             
Sagem SA                                  220           4,500             
Sanofi-Synthelabo SA                    2,417         212,705             
Schneider Electric SA                     505          36,190             
Societe Generale, Cl. A                   829          82,021             

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April 30, 2005 (Unaudited)

                       NUMBER OF        MARKET
                        SHARES         VALUE
------------------------------------------------------------------              

Societe Television Francaise              485     $    13,666             
Sodexho Alliance SA                       119           3,959             
STMicroelectronics NV                   1,437          20,134             
Suez SA                                 1,801          48,892             
Technip-Coflexip SA                        35           5,922             
Thales SA                                 468          18,895             
Total SA                                1,376         305,388             
Unibail                                   121          14,883             
Valeo SA                                   79           3,441             
Veolia Environnement                      617          23,148             
Vinci SA                                  171          25,609             
Vivendi Universal SA (A)                2,549          76,676             
                                     -----------
                                       1,946,624
                                     -----------
GERMANY--8.7%                                                                   
Adidas-Salomon AG                         125          19,315             
Allianz AG                                721          85,566             
BASF AG                                 1,223          78,849             
Bayer AG                                1,540          50,248             
Bayerische Hypo-und Vereinsbank                                           
AG (A)                                1,373          32,468           
Commerzbank AG (A)                      1,051          22,920             
Continental AG                            376          27,575             
DaimlerChrysler AG                      2,017          78,761             
Deutsche Bank AG                        1,147          93,060             
Deutsche Boerse AG                        262          19,686             
Deutsche Lufthansa AG (A)               1,354          17,351             
Deutsche Post AG                          925          21,600             
Deutsche Telekom AG (A)                 6,394         119,120             
Douglas Holding AG                        391          13,231             
E.ON AG (A)                             1,459         122,391             
Epcos AG (A)                               61             689             
Fresenius Medical Care AG                 198          15,845             
Hypo Real Estate Holdings (A)             105           4,350             
Infineon Technologies AG (A)              967           8,000             
KarstadtQuelle AG                         357           3,445             
Linde AG                                  104           6,848             
MAN AG (A)                                347          14,523             
Metro AG                                  361          18,964             
Muenchener Rueckversicherungs AG          461          50,297             
Puma AG Rudolf Dassler Sport               29           6,658             
RWE AG                                    920          54,591             
SAP AG                                    481          75,321             
Schering AG (A)                           386          25,273             
Siemens AG                              1,879         136,905             
Suedzucker AG                             629          11,532             
ThyssenKrupp AG (A)                       775          14,169             
TUI AG                                    549          13,173             
Volkswagen AG                             525          21,777             
                                     -----------
                                       1,284,501
                                     -----------
GREECE--0.8%                                                                    
Alpha Bank                                607          19,540             
Coca-Cola Hellenic Bottling                                               
Co. SA                                    533          14,415             
Cosmote Mobile Telecommunications                                         
SA                                      100           1,891           
Emporiki Bank of Greece SA                192           5,899             

                       NUMBER OF        MARKET
                        SHARES         VALUE
------------------------------------------------------------------              

Hellenic Petroleum SA                     114     $     1,197             
Hellenic Technodomiki Tev SA            1,111           5,403             
Intracom SA                               904           4,559             
National Bank of Greece SA                622          20,871             
Piraeus Bank SA                           406           6,864             
Public Power Corp.                        534          14,250             
Technical Olympic SA                    1,340           7,827             
Viohalco                                1,894          14,231             
                                     -----------
                                         116,947
                                     -----------
IRELAND--1.0%                                                                   
Allied Irish Banks PLC-Dublin           1,261          25,553             
Allied Irish Banks PLC-UK                 872          17,670             
Bank of Ireland-Dublin                  1,405          21,186             
Bank of Ireland-UK                        975          14,677             
CRH PLC-Dublin                          1,241          30,736             
Elan Corp. PLC (A)                        695           3,756             
Greencore Group PLC                       200             823             
Independent News & Media PLC            1,951           6,150             
Irish Life & Permanent PLC                704          11,730             
Kerry Group PLC, Cl. A                    142           3,435             
Ryanair Holdings PLC (A)                1,409          10,224             
                                     -----------
                                         145,940
                                     -----------
ITALY--6.0%                                                                     
Assicurazioni Generali SpA              2,356          72,113             
Autostrade SpA                            817          21,423             
Banca Antonveneta SpA (A)                 400          13,319             
Banca Fideuram SpA                      1,668           8,622             
Banca Intesa SpA                        7,625          36,176             
Banca Intesa SpA RNC                    1,759           7,559             
Banca Monte dei Paschi di Siena                                           
SpA (A)                               3,703          12,911           
Banca Nazionale del Lavoro SpA (A)      1,908           5,971             
Banca Popolare di Milano Scrl             790           7,450             
Banche Popolari Unite Scrl                830          17,513             
Banco Popolare di Verona e                                                
Novara Scrl (A)                         967          17,742           
Benetton Group SpA (A)                    803           7,320             
Capitalia SpA                           5,544          29,459             
Edison SpA (A)                          8,700          18,111             
Enel SpA                                8,573          80,961             
ENI-Ente Nazionale Idrocarburi SpA      6,470         162,408             
Fiat SpA (A)                              452           2,983             
FinecoGroup SpA                           171           1,396             
Finmeccanica SpA                       22,832          21,033             
Gruppo Editoriale L'Espresso SpA          215           1,232             
Luxottica Group SpA (A)                   663          13,213             
Mediaset SpA                            2,307          29,801             
Mediobanca SpA                          1,095          17,934             
Mediolanum SpA                          1,530           9,833             
Pirelli & Co. SpA                       1,592           1,808             
Riunione Adriatica di Sicurta SpA       1,292          28,010             
Sanpaolo IMI SpA                        2,420          35,588             
Seat Pagine Gialle SpA (A)             17,602           6,749             
Snam Rete Gas SpA                         436           2,443             
Telecom Italia Media SpA (A)            1,725             834             
Telecom Italia SpA (A)                 20,320          68,431             

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April 30, 2005 (Unaudited)

                       NUMBER OF        MARKET
                        SHARES         VALUE
------------------------------------------------------------------              

Telecom Italia SpA RNC (A)             13,836     $    38,807             
TIM SpA                                 2,961          17,181             
Tiscali SpA (A)                           226             661             
Unicredito Italiano SpA                11,127          61,988             
                                     -----------
                                         878,983
                                     -----------
NETHERLANDS--6.5%                                                               
ABN-Amro Holding NV                     4,026          97,589             
Aegon NV                                3,227          40,066             
Akzo Nobel NV                             637          25,980             
ASML Holding NV (A)                     1,763          25,201             
Corio NV                                  121           6,461             
DSM NV                                    101           6,744             
Euronext NV                               186           6,095             
Heineken NV                               377          11,922             
ING Groep NV                            4,645         126,099             
Koninklijke Ahold NV (A)                3,821          28,710             
Koninklijke Philips Electronics NV      3,084          75,866             
OCE NV                                     98           1,453             
Qiagen NV (A)                             353           4,583             
Reed Elsevier NV                        1,745          24,988             
Royal Dutch Petroleum Co. (A)           4,880         283,982             
Royal KPN NV                            4,670          38,754             
SBM Offshore NV                           103           6,686             
TPG NV                                    886          24,007             
Unilever NV                             1,339          85,759             
Vedior NV                                 111           1,697             
VNU NV                                    875          24,497             
Wereldhave NV                              61           6,004             
Wolters Kluwer NV                         338           5,979             
                                     -----------
                                         959,122
                                     -----------
NORWAY--0.8%                                                                    
DNB NOR ASA                             2,172          20,653             
Norsk Hydro ASA                           340          27,454             
Norske Skogindustrier ASA                 244           4,254             
Orkla ASA                                 256           8,560             
Schibsted ASA                             584          13,883             
Statoil ASA                             1,283          22,570             
Storebrand                                190           1,415             
Tandberg ASA                              153           1,558             
Telenor ASA                             2,290          19,053             
Yara International ASA (A)                183           2,429             
                                     -----------
                                         121,829
                                     -----------
PORTUGAL--0.5%                                                                  
Banco BPI SA (A)                        1,252           5,026             
Banco Espirito Santo SA (A)               842          14,192             
Brisa-Auto Estradas de Portugal SA        337           2,688             
Cimpor Cimentos de Portugal SA          2,790          15,435             
Electricidade de Portugal SA            2,244           6,063             
Jeronimo Martins (A)                       36             551             
Portugal Telecom SGPS SA                1,911          20,899             
Sonae SGPS SA                           1,246           1,972             
                                     -----------
                                          66,826
                                     -----------
SPAIN--5.8%                                                                     
Acciona SA                                193          16,550             

                       NUMBER OF        MARKET
                        SHARES         VALUE
------------------------------------------------------------------              

Acerinox SA                               944     $    13,967             
ACS Actividades Construccion y                                            
Servicios                               708          17,189           
Altadis SA                                631          26,604             
Amadeus Global Travel Distribution,                                       
Cl. A                                 1,387          12,938           
Antena 3 de Television SA (A)              80           1,595             
Banco Bilbao Vizcaya                                                      
Argentaria SA                           7,549         116,065             
Banco Popular Espanol SA                  300          18,643             
Banco Santander Central                                                   
Hispano SA                             14,703         170,631             
Endesa SA                               2,417          52,492             
Fomento de Construcciones y                                               
Contratas SA                            337          18,102           
Grupo Ferrovial SA (A)                    294          16,663             
Iberdrola SA                            1,755          45,544             
Iberia Lineas Aereas de Espana          1,446           4,447             
Inditex SA                                960          28,359             
Indra Sistemas SA                         360           6,197             
Promotora de Informaciones SA              95           1,802             
Repsol YPF SA                           2,262          57,129             
Sacyr Vallehermoso SA                     298           5,000             
Sociedad General de Aguas de                                              
Barcelona SA, Cl. A                     970          19,793           
Telefonica Publicidad e                                                   
Informacion SA                          207           1,883           
Telefonica SA                          10,989         185,638             
Union Fenosa SA                           247           7,376             
                                     -----------
                                         844,607
                                     -----------
SWEDEN--3.2%                                                                    
Alfa Laval AB                              84           1,171             
Assa Abloy AB, Cl. B                      367           4,730             
Atlas Copco AB (A)                        151           6,241             
Atlas Copco AB, Cl. A (A)                 451          20,377             
Axfood AB                                  30             773             
Castellum AB                               51           1,883             
Electrolux AB, Cl. B                      869          17,471             
Eniro AB                                  568           6,426             
Gambro AB                                 585           7,868             
Getinge AB                                445           6,359             
Hennes & Mauritz AB, Cl. B                992          34,119             
Holmen AB                                 144           3,833             
Nordea AB                               5,227          49,430             
OMX AB (A)                                972          11,269             
Sandvik AB                                525          20,448             
SAS AB (A)                                 92             812             
Securitas AB, Cl. B                       369           5,893             
Skandia Forsakrings AB (A)                824           3,867             
Skandinaviska Enskilda Banken                                             
SEB, Cl. A                            1,673          29,415           
Skanska AB, Cl. B                         477           5,714             
SKF AB (A)                                166           6,954             
Ssab Svenskt Stal AB                      282           6,262             
Svenska Cellulosa AB, Cl. B               537          18,658             
Svenska Handelsbanken, Cl. A            1,189          26,653             
Swedish Match AB                          601           7,073             
Tele2 AB, Cl. B                           117           3,680             

--------------------------------------------------------------------------------

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--------------------------------------------------------------------------------
 TD WATERHOUSE TRUST

 European Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                       NUMBER OF        MARKET
                        SHARES         VALUE
------------------------------------------------------------------              

Telefonaktiebolaget LM Ericsson,                                          
Cl. B                                33,863     $    99,153           
TeliaSonera AB                          4,040          21,112             
Trelleborg AB                             266           3,894             
Volvo AB, Cl. A                           416          16,144             
Volvo AB, Cl. B                           532          21,465             
                                     -----------
                                         469,147
                                     -----------
SWITZERLAND--9.9%                                                               
ABB Ltd. (A)                            4,366          26,959             
Adecco SA                                 506          24,301             
Ciba Specialty Chemicals AG (A)            82           5,111             
Compagnie Financiere Richemont                                            
AG, Cl. A (A)                         1,251          37,105           
Credit Suisse Group (A)                 2,665         111,265             
Geberit AG                                 10           6,693             
Givaudan                                   25          15,688             
Holcim Ltd.                               382          23,108             
Kudelski SA (A)                            41           1,341             
Logitech International SA (A)              54           3,090             
Lonza Group AG                             99           5,935             
Nestle SA                                 994         260,310             
Novartis AG                             5,813         281,604             
Roche Holding AG-Genusschein (A)        1,730         207,855             
Schindler Holding AG                       18           6,559             
Serono SA, Cl. B (A)                       26          16,565             
SGS SA                                     21          14,144             
Sulzer AG                                  42          16,973             
Swatch Group AG                           496          12,927             
Swatch Group AG, Cl. B                     38           4,845             
Swiss Reinsurance                         755          49,841             
Swisscom AG                                56          19,280             
Syngenta AG (A)                           251          25,894             
Synthes, Inc.                             120          13,544             
UBS AG                                  2,633         209,723             
Unaxis Holding AG                          12           1,707             
Zurich Financial Services AG              337          56,533             
                                     -----------
                                       1,458,900
                                     -----------
UNITED KINGDOM--34.5%                                                           
3i Group PLC                            1,438          17,495             
Aegis Group PLC                         2,466           4,514             
Alliance Unichem PLC                    1,206          18,352             
Amec PLC                                  938           5,777             
Amvescap PLC                              842           4,861             
Anglo American PLC                      3,546          78,505             
ARM Holdings PLC                        1,271           2,321             
Associated British Ports Holdings PLC     591           5,187             
AstraZeneca PLC                         3,902         169,723             
Aviva PLC                               5,607          62,976             
BAA PLC                                 2,227          24,609             
BAE Systems PLC                         7,864          38,277             
Balfour Beatty PLC                      1,042           6,050             
Barclays PLC                           15,124         154,871             
Barratt Developments PLC                  476           5,401             
BBA Group PLC                             973           5,139             
Berkeley Group Holdings PLC               284           4,170             

                       NUMBER OF        MARKET
                        SHARES         VALUE
------------------------------------------------------------------              

BG Group PLC                            8,703     $    67,254             
BHP Billiton PLC                        6,077          74,049             
BOC Group PLC                           1,169          21,623             
Boots Co. PLC                           1,782          20,406             
BP PLC                                 50,419         513,410             
BPB PLC                                   887           7,696             
Brambles Industries PLC                   908           5,034             
British American Tobacco PLC            3,789          70,663             
British Land Co. PLC                    1,214          18,937             
British Sky Broadcasting PLC            2,919          30,058             
BT Group PLC                           21,220          80,828             
Bunzl PLC                                 582           5,627             
Cable & Wireless PLC                    2,734           6,243             
Cadbury Schweppes PLC                   4,414          44,190             
Capita Group PLC                          592           4,247             
Carnival PLC                              398          20,340             
Cattles PLC                               767           4,435             
Centrica PLC                            8,280          35,052             
Close Brothers Group PLC                  302           4,060             
Cobham PLC                                217           5,363             
Compass Group PLC                       5,227          23,249             
Corus Group PLC (A)                     6,800           5,608             
Daily Mail & General Trust                380           4,833             
Davis Service Group PLC                   673           5,518             
De La Rue PLC                           2,236          15,734             
Diageo PLC                              7,157         105,633             
Dixons Group PLC                        2,426           6,569             
Electrocomponents PLC                     783           3,434             
Emap PLC                                  319           4,833             
EMI Group PLC                           1,419           6,460             
Enterprise Inns PLC                       611           8,488             
Exel PLC                                  371           5,815             
Firstgroup PLC                          1,032           6,268             
Friends Provident PLC                   2,039           6,241             
GKN PLC                                   908           3,987             
GlaxoSmithKline PLC                    13,760         344,256             
Great Portland Estates PLC                162           1,019             
GUS PLC                                 2,305          36,658             
Hammerson PLC                             497           8,051             
Hanson PLC                              1,935          17,785             
Hays PLC                                2,078           5,161             
HBOS PLC                                9,743         143,523             
Hilton Group PLC                        4,976          25,952             
HSBC Holdings PLC                      26,179         417,089             
IMI PLC                                   758           5,746             
Imperial Chemical Industries PLC        1,485           7,129             
Imperial Tobacco Group PLC              1,609          45,870             
Intercontinental Hotels Group PLC       1,603          19,044             
International Power PLC                 4,356          15,139             
Invensys PLC (A)                        4,362           1,061             
J Sainsbury PLC                         4,829          25,945             
Johnson Matthey PLC                       273           4,763             
Kelda Group PLC                         1,551          18,677             
Kesa Electricals PLC                      651           3,287             
Kingfisher PLC                          5,849          27,382             
Land Securities Group PLC                 969          24,539             
Legal & General Group PLC              13,522          26,881             
Liberty International PLC                 450           8,101             

--------------------------------------------------------------------------------

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--------------------------------------------------------------------------------
 TD WATERHOUSE TRUST

 European Index Fund o Schedule of Investments
April 30, 2005 (Unaudited)

                       NUMBER OF        MARKET
                        SHARES         VALUE
------------------------------------------------------------------              

Lloyds TSB Group PLC                   13,113     $   111,898             
LogicaCMG PLC                             934           2,908             
Man Group PLC                             715          16,552             
Marks & Spencer Group PLC               5,693          36,530             
MFI Furniture PLC                       1,817           3,517             
Misys PLC                               1,193           4,595             
Mitchells & Butlers PLC                   645           3,674             
National Grid Group PLC                 7,604          74,639             
Next PLC                                  688          19,391             
Pearson PLC                             1,880          22,765             
Peninsular and Oriental Steam                                             
Navigation Co.                        1,326           6,789           
Persimmon PLC                           1,095          14,115             
Pilkington PLC                          2,730           5,622             
Provident Financial PLC                   458           5,817             
Prudential PLC                          5,530          49,562             
Rank Group PLC                          2,251          11,139             
Reckitt Benckiser PLC                   1,347          43,486             
Reed Elsevier PLC                       3,172          30,939             
Rentokil Initial PLC                    2,320           6,913             
Reuters Group PLC                       3,359          24,532             
Rexam PLC                               1,506          13,210             
Rio Tinto PLC                           2,501          75,401             
Rolls-Royce Group PLC (A)               3,839          17,350             
Rolls-Royce Group PLC, Cl. B (A)       91,850             180             
Royal & Sun Alliance Insurance                                            
Group                                 1,424           2,050           
Royal Bank of Scotland Group PLC        7,811         234,445             
SABmiller PLC                           1,664          24,576             
Schroders PLC                             388           5,002             
Scottish & Newcastle PLC                2,162          18,686             
Scottish & Southern Energy PLC          1,783          31,875             
Scottish Power PLC                      4,461          35,962             
Serco Group PLC                         1,299           5,902             
Severn Trent PLC                          429           7,927             
Shell Transport & Trading Co. PLC      23,700         212,184             
Signet Group PLC (A)                    5,727          11,030             
Slough Estates PLC                        754           6,873             
Smith & Nephew PLC                      2,192          22,467             
Smiths Group PLC                        1,315          21,465             
Stagecoach Group PLC                    2,514           4,938             
Tate & Lyle PLC                         1,765          15,650             
Taylor Woodrow PLC                      1,069           5,835             
Tesco PLC                              18,133         106,500             
Tomkins PLC                             2,334          10,915             
Unilever PLC                            6,811          64,550             
United Business Media PLC                 604           5,701             
United Utilities PLC                    1,428          17,278             
United Utilities PLC, Cl. A               836           7,218             
Vodafone Group PLC                    154,149         400,503             
Whitbread PLC                             369           5,977             
William Hill PLC                          759           7,794             
Wimpey George PLC                         689           5,121             
Wolseley PLC                            1,371          27,399             
WPP Group PLC                           2,646          28,584             

                       NUMBER OF        MARKET
                        SHARES         VALUE
------------------------------------------------------------------              

Yell Group PLC                          1,967     $    15,050             
                                     -----------
                                       5,064,452
                                     -----------
TOTAL FOREIGN COMMON STOCK                                                      
(COST $11,923,377)--97.0%                            14,246,165               
                                     -----------

FOREIGN PREFERRED STOCKS                                                        
GERMANY--0.3%                                                                   
Henkel KGaA                                74           6,358             
Porsche AG                                 20          12,899             
ProSieben SAT.1 Media AG                  237           4,053             
RWE AG                                    133           6,913             
Volkswagen AG                             293           9,179             
                                     -----------
                                          39,402
                                     -----------
TOTAL FOREIGN PREFERRED STOCKS                                                  
(COST $34,342)--0.3%                                     39,402               
                                     -----------

RIGHTS                                                                          
AUSTRIA--0.0%                                                                   
IMMOFINANZ Immobilien Anlagen,                                            
expires 05/18/05 (A)                    631              44           
                                     -----------
TOTAL RIGHTS                                                                    
(COST $0)--0.0%                                              44               
                                     -----------

TOTAL INVESTMENTS                                                               
(COST $11,957,719) --97.3%                           14,285,611               

OTHER ASSETS AND LIABILITIES, NET--2.7%                  396,164                
                                     -----------
NET ASSETS                                           $14,681,775                
                                     ===========

(A)     Non-income producing security.                                          

The following futures contracts were open as of April 30, 2005:                 

                   # of                          Unrealized       Expiration
Description        Contracts         Value        Depreciation         Date     
-----------        ----------        -----        ------------         ----     
MSCI(R) Pan                                                                     
European                                                                  
 Index               19           $426,720        $(11,818)        June 2005

At April 30, 2005, the tax basis cost of the Fund's investments was $11,957,719,
and the unrealized appreciation and depreciation were $2,630,505 and $(302,613),
respectively.                                                                   

For information on the Fund's policy regarding valuation of investments and     
other significant accounting policies, please refer to the Fund's most recent   
semi-annul or annual report.                                                    

--------------------------------------------------------------------------------

ITEM 2. CONTROLS AND PROCEDURES.                                                

(a)  Disclose the conclusions of the registrant's principal executive and       
principal financial officers, or persons performing similar functions,
 regarding the effectiveness of the registrant's disclosure controls and
procedures (as defined in Rule 30a-3(c) under the Act (17 CFR         
     270.30a-3(c))) as of a date within 90 days of the filing date of the report
that includes the disclosure required by this paragraph, based on the 
     evaluation of these controls and procedures required by Rule 30a-3(b) under
 the Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the
Exchange Act (17 CFR 240.13a-15(b) or 240.15d-15(b)).                 

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THE REGISTRANT'S PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL  
OFFICER HAVE CONCLUDED, BASED ON THEIR EVALUATION OF THE REGISTRANT'S 
DISCLOSURE CONTROLS AND PROCEDURES AS CONDUCTED WITHIN 90 DAYS OF THE 
   FILING DATE OF THIS REPORT, THAT THOSE DISCLOSURE CONTROLS AND PROCEDURES
   PROVIDE REASONABLE ASSURANCE THAT INFORMATION REQUIRED TO BE DISCLOSED BY
    THE REGISTRANT ON FORM N-Q IS RECORDED, PROCESSED, SUMMARIZED AND REPORTED
WITHIN THE TIME PERIODS SPECIFIED IN THE SECURITIES AND EXCHANGE      
COMMISSION'S RULES AND FORMS.                                         

(b)  Disclose any change in the registrant's internal control over financial    
    reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d))
that occurred during the registrant's last fiscal quarter that has    
materially affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting.               

   THERE WERE NO CHANGES IN THE REGISTRANT'S INTERNAL CONTROL OVER FINANCIAL
    REPORTING THAT OCCURRED DURING THE REGISTRANT'S MOST RECENT FISCAL QUARTER
THAT HAVE MATERIALLY AFFECTED, OR ARE REASONABLY LIKELY TO MATERIALLY 
AFFECT, THE REGISTRANT'S INTERNAL CONTROL OVER FINANCIAL REPORTING.   

ITEM 3. EXHIBITS.                                                               

File as exhibits as part of this Form a separate certification for each         
principal executive officer and principal financial officer of the registrant as
required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)). CERTIFICATIONS   
PURSUANT TO RULE 30A-2(A) ARE ATTACHED HERETO.                                  

SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, the registrant has duly caused this report  
to be signed on its behalf by the undersigned, thereunto duly authorized.       

(Registrant)      TD Waterhouse Trust                                           
             -------------------------------------------------------------------

By (Signature and Title)*   /s/ George O. Martinez, President                   
                         -------------------------------------------------------

Date  6/17/05                                                                   
-----------------------------                                           

         Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, this report has been signed below by the    
following persons on behalf of the registrant and in the capacities and on the  
dates indicated.                                                                

By (Signature and Title)*   /s/ George O. Martinez, President                   
                         -------------------------------------------------------

Date  6/17/05                                                                   
--------------------------------------                                  

By (Signature and Title)*  /s/  Christopher Salfi, Treasurer                    
                         -------------------------------------------------------

Date  6/17/05                                                                   
--------------------------------------                                  

* PRINT THE NAME AND TITLE OF EACH SIGNING OFFICER UNDER HIS OR HER SIGNATURE.  

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘N-Q’ Filing		Date		First		Last			Other Filings
Filed on / Effective on:		6/15/05
For Period End:		4/30/05		1		39			N-Q/A
		1/31/05		1					24F-2NT,  N-CSR,  N-CSR/A,  NSAR-B
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