<PAGE>   1
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q


         (Mark One)

         _X_  Quarterly report pursuant to Section 13 or 15(d) of the Securities
              Exchange Act of 1934 For the quarterly period ended July 31, 1999,
              or

         ___  Transition report pursuant to Section 13 or 15(d) of the
              Securities Exchange Act of 1934 For the transition period
              from ___________ to __________.


                         Commission file number 33-66342

                            COLE NATIONAL GROUP, INC.
             (Exact name of registrant as specified in its charter)


                 Delaware                                     34-1744334
     (State or other jurisdiction of                       (I.R.S. employer
     incorporation or organization)                        identification no.)


            5915 Landerbrook Drive
             Mayfield Heights, Ohio                              44124
     (Address of principal executive offices)                  (Zip code)

                                 (440) 449-4100
              (Registrant's telephone number, including area code)

         The registrant meets the conditions set forth in General Instruction
         H(1)(a) and (b) of Form 10-Q and is therefore filing this form in the
         reduced disclosure format.

         Indicate by check mark whether the registrant (1) has filed all reports
         required to be filed by Section 13 or 15(d) of the Securities Exchange
         Act of 1934 during the preceding 12 months (or for such shorter period
         that the registrant was required to file such reports), and (2) has
         been subject to such filing requirements for the past 90 days.
         _X_ YES ___ NO

         All of the outstanding capital stock of the registrant is held by Cole
         National Corporation.

         As of August 23, 1999, 1,100 shares of the registrant's common stock,
         $.01 par value, were outstanding.

================================================================================

<PAGE>   2


                   COLE NATIONAL GROUP, INC. AND SUBSIDIARIES
                                    FORM 10-Q
                           QUARTER ENDED JULY 31, 1999
                                      INDEX

<TABLE>
<CAPTION>
                                                                                                            Page No.

<S>           <C>                                                                                           <C>
PART I.       FINANCIAL INFORMATION

              Item 1.      Financial Statements

                           Consolidated Balance Sheets as of July 31, 1999 and January 30, 1999 .....           1

                           Consolidated Statements of Operations for the 13 and 26 weeks ended
                           July 31, 1999 and August 1, 1998 .........................................           2

                           Consolidated Statements of Cash Flows for the 26 weeks ended July 31,
                           1999 and August 1, 1998...................................................           3

                           Notes to Consolidated Financial Statements................................         4 - 5

              Item 2.      Management's Discussion and Analysis of Financial Condition and
                           Results of Operations.....................................................         6 - 9

              Item 3.      Quantitative and Qualitative Disclosures about Market Risk................           9


PART II.      OTHER INFORMATION

              Item 6.      Exhibits and Reports on Form 8-K..........................................          10
</TABLE>


<PAGE>   3

                         PART I - FINANCIAL INFORMATION
ITEM 1.  FINANCIAL STATEMENTS

                   COLE NATIONAL GROUP, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                                   (UNAUDITED)
                             (DOLLARS IN THOUSANDS)

<TABLE>
<CAPTION>
                                                         July 31,   January 30,
Assets                                                    1999          1999
------                                                 ----------    ----------
<S>                                                    <C>           <C>
Current assets:
    Cash and temporary cash investments                $   25,254    $   51,057
    Accounts receivable, less allowance for doubtful
      accounts of $8,935 in 1999 and $7,189 in 1998        46,088        45,302
    Current portion of notes receivable                     3,452         2,707
    Refundable income taxes                                 1,113         1,113
    Inventories                                           126,852       119,881
    Prepaid expenses and other                              8,500         8,520
    Deferred income tax benefits                           13,433        13,742
                                                       ----------    ----------
          Total current assets                            224,692       242,322

Property and equipment, at cost                           253,712       246,597
    Less - accumulated depreciation and amortization     (139,924)     (133,595)
                                                       ----------    ----------
          Total property and equipment, net               113,788       113,002

Other assets:
    Notes receivable, excluding current portion            15,209        17,308
    Deferred income taxes and other                        54,572        51,555
    Intangible assets, net                                157,160       159,698
                                                       ----------    ----------
          Total assets                                 $  565,421    $  583,885
                                                       ==========    ==========

Liabilities and Stockholder's Equity
------------------------------------
Current liabilities:
    Current portion of long-term debt                  $      427    $      407
    Accounts payable                                       54,344        70,125
    Payable to affiliates                                  66,063        69,060
    Accrued interest                                        6,141         6,216
    Accrued liabilities                                    89,481       101,040
    Accrued income taxes                                    4,506           131
                                                       ----------    ----------
          Total current liabilities                       220,962       246,979

Long-term debt, net of discount and current portion       274,529       274,706

Other long-term liabilities                                14,491        13,954

Stockholder's equity                                       55,439        48,246
                                                       ----------    ----------
          Total liabilities and stockholder's equity   $  565,421    $  583,885
                                                       ==========    ==========
</TABLE>

The accompanying notes to consolidated financial statements are an integral part
of these consolidated balance sheets

                                      -1-
<PAGE>   4

                   COLE NATIONAL GROUP, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENT OF OPERATIONS
                                   (UNAUDITED)
                             (DOLLARS IN THOUSANDS)


<TABLE>
<CAPTION>
                                                 13 Weeks Ended           26 Weeks Ended
                                           -----------------------   -----------------------
                                            July 31,     August 1,     July 31,    August 1,
                                              1999         1998         1999         1998
                                           ----------   ----------   ----------   ----------

<S>                                        <C>          <C>          <C>          <C>
Net revenue                                $  266,806   $  266,572   $  532,754   $  537,314

Costs and expenses:
    Cost of goods sold                         90,205       89,132      177,503      179,421
    Operating expenses                        155,577      146,907      312,956      302,367
    Depreciation and amortization               8,368        7,857       17,269       16,020
                                           ----------   ----------   ----------   ----------
       Total costs and expenses               254,150      243,896      507,728      497,808
                                           ----------   ----------   ----------   ----------

Operating income                               12,656       22,676       25,026       39,506

Interest and other (income) expense, net        6,599        6,830       13,189       13,560
                                           ----------   ----------   ----------   ----------

Income before income taxes                      6,057       15,846       11,837       25,946

Income tax provision                            2,485        6,397        4,853       10,638
                                           ----------   ----------   ----------   ----------

Net income                                 $    3,572   $    9,449   $    6,984   $   15,308
                                           ==========   ==========   ==========   ==========
</TABLE>


The accompanying notes to consolidated financial statements are an integral part
of these consolidated statements.

                                      -2-
<PAGE>   5


                   COLE NATIONAL GROUP, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)
                             (DOLLARS IN THOUSANDS)

<TABLE>
<CAPTION>
                                                                                  26 Weeks Ended
                                                                              ------------------------
                                                                               July 31,      August 1,
                                                                                 1999          1998
                                                                              ----------    ----------

<S>                                                                           <C>           <C>
Cash flows from operating activities:
    Net income                                                                $    6,984    $   15,308
    Adjustments to reconcile net income to net cash provided (used) by
       operating activities:
           Depreciation and amortization                                          17,269        16,020
           Non-cash interest, net                                                    544           523
           Change in assets and liabilities:
              Decrease (increase) in accounts and notes receivable, prepaid
                 expenses and other assets                                           512        (6,140)
              Increase in inventories                                             (6,971)       (5,950)
              Decrease in accounts payable, accrued
                 liabilities and other liabilities                               (26,392)      (23,557)
              Increase (decrease) in accrued interest                                (75)          207
              Increase in accrued, refundable and deferred
                 income taxes                                                      4,375         9,055
                                                                              ----------    ----------
                 Net cash provided (used) by operating
                      activities                                                  (3,754)        5,466
                                                                              ----------    ----------

Cash flows from investing activities:
    Purchases of property and equipment, net                                     (12,910)      (13,036)
    Systems development costs                                                     (6,550)      (10,150)
    Acquisition of businesses, net                                                  --          (2,923)
    Other, net                                                                      (615)          466
                                                                              ----------    ----------
                 Net cash used by investing activities                           (20,075)      (25,643)
                                                                              ----------    ----------

Cash flows from financing activities:
    Repayment of long-term debt                                                     (200)         (216)
    Advances to affiliates, net                                                   (1,980)      (13,258)
    Other, net                                                                       206          (186)
                                                                              ----------    ----------
                 Net cash used by financing activities                            (1,974)      (13,660)
                                                                              ----------    ----------

Cash and temporary cash investments:
    Net decrease during the period                                               (25,803)      (33,837)
    Balance, beginning of the period                                              51,057        67,989
                                                                              ----------    ----------
    Balance, end of the period                                                $   25,254    $   34,152
                                                                              ==========    ==========
</TABLE>


The accompanying notes to consolidated financial statements are an integral part
of these consolidated statements.

                                      -3-
<PAGE>   6


                   COLE NATIONAL GROUP, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)


(1)   BASIS OF PRESENTATION AND ACCOUNTING POLICIES

      Cole National Group, Inc. is a wholly owned subsidiary of Cole National
Corporation. The consolidated financial statements include the accounts of Cole
National Group and its wholly owned subsidiaries (collectively, the "Company").
All significant intercompany transactions have been eliminated in consolidation.

      The accompanying consolidated financial statements have been prepared
without audit and certain information and footnote disclosures normally included
in financial statements prepared in accordance with generally accepted
accounting principles have been condensed or omitted, although management
believes that the disclosures herein are adequate to make the information not
misleading. Results for interim periods are not necessarily indicative of the
results to be expected for the full year. These statements should be read in
conjunction with the Company's consolidated financial statements and notes
thereto included in its annual report on Form 10-K for the fiscal year ended
January 30, 1999.

      In the opinion of management, the accompanying financial statements
contain all adjustments (consisting only of normal recurring accruals) necessary
to present fairly Cole National Group's financial position as of July 31, 1999
and the results of operations and cash flows for the 26 weeks ended July 31,
1999 and August 1, 1998.

      Inventories

      The accompanying interim consolidated financial statements have been
prepared without physical inventories.

      Cash Flows

      Net cash flows from operating activities reflect cash payments for income
taxes and interest of $392,000 and $13,114,000, respectively, for the 26 weeks
ended July 31, 1999, and $919,000 and $13,359,000, respectively, for the 26
weeks ended August 1, 1998.

(2)        RESTRUCTURING CHARGE

      In the fourth quarter of fiscal 1998, the Company recorded a restructuring
charge related to Pearle's operations. The Company's restructuring plan, which
included the closing of certain unprofitable stores during fiscal 1999 and
removing surfacing equipment from certain in-store full service labs through the
second quarter of 2000, is proceeding. The estimated costs of the restructuring
are expected to approximate original estimates. During the first half of fiscal
1999, the Company closed a total of 17 Pearle stores and no in-store labs. The
restructuring reserves remaining at January 30, 1999 were $7.1 million, of which
approximately $4.9 million were paid in the first six months of fiscal 1999. The
remaining reserve at July 31, 1999 of $2.2 million is expected to be paid
through the fourth quarter of fiscal 1999.

                                      -4-
<PAGE>   7


(3)   CREDIT FACILITY

      In August 1999, the credit facility was amended and extended until January
31, 2003. Borrowings under the credit facility initially bear interest based on
leverage ratios at a rate equal to, at the option of the principal operating
subsidiaries of Cole National Group, either (a) the Eurodollar Rate plus 2% or
(b) 1% plus the highest of (i) the prime rate, (ii) the three-week moving
average of the secondary market rates for three-month certificates of deposit
plus 1% and (iii) the federal funds rate plus .5%. Cole National Group pays a
commitment fee of between .375% and .75% per annum on the total unused portion
of the facility based on the percentage of revolving credit commitments used.

(4)        SEGMENT INFORMATION

      Information on the Company's reportable segments is as follows (000's
omitted):

<TABLE>
<CAPTION>
                                                 13 Weeks Ended            26 Weeks Ended
                                             ----------------------    -----------------------
                                              July 31,    August 1,     July 31,     August 1,
                                                1999         1998         1999         1998
                                             ---------    ---------    ---------    ---------
<S>                                          <C>          <C>          <C>          <C>
       Net revenue:
           Cole Vision                       $ 197,938    $ 202,329    $ 415,485    $ 427,343
           Things Remembered                    68,868       64,243      117,269      109,971
                                             ---------    ---------    ---------    ---------
             Consolidated net revenue        $ 266,806    $ 266,572    $ 532,754    $ 537,314
                                             =========    =========    =========    =========

       Income or loss:
           Cole Vision                       $   4,061    $  15,111    $  18,418    $  35,974
           Things Remembered                    10,479        8,969        9,138        6,342
                                             ---------    ---------    ---------    ---------
             Total segment profit               14,540       24,080       27,556       42,316
       Unallocated amounts:
           Corporate expenses                   (1,884)      (1,404)      (2,530)      (2,810)
                                             ---------    ---------    ---------    ---------
             Consolidated operating income      12,656       22,676       25,026       39,506
       Interest and other expense, net          (6,599)      (6,830)     (13,189)     (13,560)
                                             ---------    ---------    ---------    ---------
             Income before income taxes      $   6,057    $  15,846    $  11,837    $  25,946
                                             =========    =========    =========    =========
</TABLE>

(5)   RECLASSIFICATIONS

      Certain 1998 amounts have been reclassified to conform with the 1999
presentation.

                                      -5-

<PAGE>   8


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

      Certain information required by this item has been omitted pursuant to
General Instruction H of Form 10-Q.

      The following is a discussion of certain factors affecting Cole National
Group's results of operations for the 13 and 26 week periods ended July 31, 1999
and August 1, 1998 (the Company's second quarter and first six months). This
discussion should be read in conjunction with the consolidated financial
statements and notes thereto included elsewhere in this filing and the audited
financial statements for the fiscal year ended January 30, 1999 included in the
annual report on Form 10-K.

      Fiscal years end on the Saturday closest to January 31 and are identified
according to the calendar year in which they begin. For example, the fiscal year
ended January 30, 1999 is referred to as "fiscal 1998." The current fiscal year,
which will end January 29, 2000, is referred to as "fiscal 1999."

RESULTS OF OPERATIONS

      The following table sets forth certain operating information for the
second quarter and first six months of fiscal 1999 and fiscal 1998 (dollars in
millions):

<TABLE>
<CAPTION>
                                                         Second Quarter                           First Six Months
                                              -----------------------------------     ------------------------------------
                                               Fiscal       Fiscal                     Fiscal      Fiscal
                                                1999         1998       Change          1999        1998        Change
                                                ----         ----       ------          ----        ----        ------

<S>                                            <C>          <C>         <C>           <C>          <C>          <C>
    Net Revenue-
      Cole Vision                              $  197.9     $  202.4       (2.2%)     $   415.5    $   427.3       (2.8%)
      Things Remembered                            68.9         64.2        7.2%          117.3        110.0        6.6%
                                               --------     --------                  ---------    ---------
        Total net revenue                      $  266.8     $  266.6        0.1%      $   532.8    $   537.3       (0.8%)

    Gross profit                               $  176.6     $  177.4       (0.5%)     $   355.3    $   357.9       (0.7%)
    Operating expenses                            155.6        146.9        5.9%          313.0        302.3        3.5%
    Depreciation & amortization                     8.3          7.8        6.5%           17.3         16.1        7.8%
                                               --------     --------                  ---------    ---------
        Operating income                       $   12.7     $   22.7      (44.2%)     $    25.0    $    39.5      (36.7%)
                                               ========     ========                  =========    =========


    Percentage of Net Revenue-
      Gross margin                                 66.2%        66.6%      (0.4)           66.7%        66.6%       0.1
      Operating expenses                           58.3         55.1        3.2            58.7         56.3        2.4
      Depreciation & amortization                   3.2          3.0        0.2             3.3          3.0        0.3
                                               --------     --------                  ---------    ---------
        Operating income                            4.7%         8.5%      (3.8)            4.7%         7.3%      (2.6)
                                               ========     ========                  =========    =========


    Number of Retail Locations
      at the End of the Period-
        Cole Licensed Brands                      1,176         1,161
        Pearle company-owned                        462           461
        Pearle franchised                           418           403
                                               --------     ---------
          Total Cole Vision                       2,056         2,025
        Things Remembered                           810           823
                                               --------     ---------
          Total Cole National                     2,866         2,848
                                               ========     =========
</TABLE>

                                      -6-
<PAGE>   9



      The softness in net revenue for the second quarter and first six months of
fiscal 1999 was primarily attributable to decreases in consolidated comparable
store sales, partially offset by growth in the number of locations since last
year. Changes in comparable store sales by business were:

<TABLE>
<CAPTION>
                                                           Second Quarter           First Six Months
                                                           --------------           ----------------

<S>                                                        <C>                      <C>
           Cole Licensed Brands (U.S.)                         (4.5%)                   (4.7%)
           Pearle company-owned (U.S.)                         (4.0%)                   (5.9%)
              Total Cole Vision                                (4.0%)                   (4.8%)
           Things Remembered                                    6.9%                     7.0%
              Total Cole National                              (1.0%)                   (2.0%)
</TABLE>

Sales at Cole Licensed Brands were negatively impacted by a competitive
promotional environment to which Cole began responding at the end of the second
quarter. This response produced an improvement in the sales trend during the
last two weeks of the quarter. Sales at Pearle were impacted by the competitive
promotional environment and Pearle's focus on long-term, brand-building in its
advertising campaign, as well as operating issues that the Company is actively
addressing. During the second quarter, Pearle refocused its marketing efforts to
become more promotional, resulting in an improved trend in comparable store
sales as compared to the first quarter. The second quarter sales decrease at
Cole Vision reflected a decline in the number of spectacles sold as well as a
lower average selling price for contact lenses at Cole Licensed Brands and a
reduction in the average transaction amount at Pearle due to a change in
promotions between years. At Things Remembered, the comparable store sales
increase reflected increased sales of additional personalization and new
merchandise at higher average unit retails, along with the benefits from
marketing directly to its existing customer base. The number of transactions at
Things Remembered in the second quarter was essentially flat compared to a year
ago. During the first six months of fiscal 1999, Cole National Group opened 52
new locations and closed 70 locations.

      The gross profit decreases for the second quarter and first six months of
fiscal 1999 compared to those same periods in fiscal 1998 were primarily
attributable to the lower revenue at Cole Vision, partially offset by the
revenue increase at Things Remembered. Gross margin at Cole Vision declined 0.8
and 0.3 percentage points in the second quarter and first six months of fiscal
1999, respectively, compared to the same periods last year. The lower gross
margin at Cole Vision was due in part to the impact of lower contact lens
margins in the second quarter. Gross margin at Things Remembered improved 0.7
and 1.3 percentage points in the second quarter and first six months of fiscal
1999, respectively, reflecting increased sales of additional personalization and
higher margins from new products.

      The unfavorable leverage in operating expenses in the second quarter was
primarily attributable to a 1.1 percentage point increase in payroll costs, a
1.4 percentage point increase in net advertising expenditures and a 0.6
percentage point increase in managed vision care expenses. The unfavorable
leverage for the first six months was primarily attributable to a 1.1 percentage
point increase in payroll costs, a 0.4 percentage point increase in net
advertising expenditures and a 0.5 percentage point increase in managed vision
care expenses. The unfavorable payroll leverages were due to the comparable
store sales decreases at Cole Vision and to staffing increases in managed vision
care and information systems, partly offset by payroll leverage gains on the
sales increases at Things Remembered. The unfavorable advertising leverage was
largely due to increased advertising at Cole

                                      -7-
<PAGE>   10


Vision in the second quarter of fiscal 1999 in response to the competitive
pricing environment. The increases in managed vision care expenses were
primarily attributable to growth in call and claims volumes associated with
increases in sponsor-funded programs. The depreciation and amortization expense
increases were primarily attributable to the increases in amortization of
systems development and software costs.

      See the notes to consolidated financial statements for information on the
status of the Company's restructuring charge recorded in the fourth quarter of
fiscal 1998.

      The decreases in income from operations were primarily the result of the
decreases in net revenue and gross profit, and the increases in operating
expenses and depreciation and amortization. Net interest and other expense in
fiscal 1999 decreased slightly from the second quarter and first six months of
fiscal 1998. An income tax provision was recorded in the first six months of
fiscal 1999 and fiscal 1998 using the Company's estimated annual effective tax
rate of 41% in both years.


YEAR 2000

      The Company is proceeding with the implementation of its Year 2000
Readiness Program, including ascertaining Year 2000 readiness of critical third
parties. Management continues to believe that all critical programs and hardware
will be Year 2000 ready, including testing, by the end of the third quarter of
fiscal 1999 and expects that any necessary contingency plans will be completed
at that time.

      Management estimates the total cost of the Year 2000 Readiness Program
will be approximately $3.6 million, including $0.3 million of new hardware and
software that has been capitalized. The remaining $3.3 million is being expensed
as incurred (approximately $2.4 million in fiscal 1998 and $0.9 million in
fiscal 1999, including $0.5 million during the first six months). These costs
include only external costs as internal costs, which consist primarily of
payroll-related costs of employees, are not tracked separately for the Year 2000
Readiness Program. The estimate of external costs does not include costs
associated with addressing and resolving issues as a result of the failure of
third parties to become Year 2000 ready. See the Company's Annual Report on Form
10-K for the fiscal year ended January 30, 1999 for further discussion of Year
2000.

RECENT DEVELOPMENTS AND FORWARD-LOOKING INFORMATION

      In the second half of fiscal 1999, the Company will continue to respond to
the competitive pricing environment that exists in the retail optical market
with the development and implementation of promotional messages in order to
attract customers and improve comparable store sales. These actions may cause a
negative impact on gross margin and may not significantly improve the recent
trend in sales for the remainder of the year. Operating income for the second
half of fiscal 1999 is expected to be below the same period of the prior year.

      Certain sections of this Form 10-Q, including this Management's Discussion
and Analysis, contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Actual results may differ
materially from those forecast due to a variety of factors that can adversely
affect operating results, liquidity and financial condition such as risks
associated with the timing and achievement of the continuing restructuring and
improvements in the operations of the optical business, the ability of Cole
National Group and its suppliers, host

                                      -8-
<PAGE>   11

stores, and managed vision care organization partners to achieve Year 2000
readiness, the integration of acquired operations, the ability to select, stock
and price merchandise attractive to customers, the implementation of its store
acquisition program, economic and weather factors affecting consumer spending,
operating factors affecting customer satisfaction, including manufacturing
quality of optical and engraved goods, the relationships with host stores and
franchisees, the mix of goods sold, pricing and other competitive factors, and
the seasonality of the business. Forward-looking statements are made based upon
management's expectations and beliefs concerning future events impacting Cole
National Group. All forward-looking statements involve risk and uncertainty.

ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

      The Company is exposed to market risk from changes in foreign currency
exchange rates, which could impact its results of operations and financial
condition. Foreign exchange risk arises from the Company's exposure in
fluctuations in foreign currency exchange rates because The Company's reporting
currency is the United States dollar. Management seeks to minimize the exposure
to foreign currency fluctuations through natural internal offsets to the fullest
extent possible.

                                      -9-

<PAGE>   12


                           PART II - OTHER INFORMATION

ITEM 6.EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits. The following Exhibits are filed herewith and made a part
              hereof:

          27  Financial Data Schedule



(b) Report on Form 8-K

    The Company has not filed any reports on Form 8-K for the quarterly period
    ended July 31, 1999.

                                      -10-

<PAGE>   13




                                    SIGNATURE
                                    ---------

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


                           COLE NATIONAL GROUP, INC.



                           By:     /s/ Wayne L. Mosley
                               ------------------------------------------
                                Wayne L. Mosley
                                Vice President and Controller
                                (Duly Authorized Officer and Principal
                                Accounting Officer)

                           Date: September 14, 1999

                                      -11-
<PAGE>   14




                            COLE NATIONAL GROUP, INC.
                                    FORM 10-Q
                           QUARTER ENDED JULY 31, 1999

                                  EXHIBIT INDEX



Exhibit
Number      Description
------      -----------

27          Financial Data Schedule

                                      -12-