UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-00214
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SENTINEL GROUP FUNDS, INC.
--------------------------------

(Exact name of registrant as specified in charter)

ONE NATIONAL LIFE DRIVE MONPELIER, VT 05604
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(Address of principal executive offices) (Zip code)

SENTINEL ADMINISTRATIVE SERVICES, INC. ONE NATIONAL LIFE DRIVE

         MONTPELIER, VT 05604
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(Name and address of agent for service)

(800) 282-3863
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Registrant's telephone number, including area code

Date of fiscal year end: 11/30/08

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Date of reporting period: 08/31/08

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Sentinel Balanced Fund
Fund Profile
at August 31, 2008 (Unaudited)
Portfolio Weightings
Asset Category	Percent of Net Assets
Common Stocks	68.8%
U.S. Government Obligations	29.2%
Bonds	0.1%
Cash and Other	1.9%

Top 10 Equity Holdings*		Top 10 Fixed Income Holdings*
				Maturity	Percent of
Description	Percent of Net Assets	Description	Coupon	Date	Net Assets
ExxonMobil Corp.	2.4%	FNR 06-63 VH	6.50%	03/25/23	4.9%
Johnson & Johnson	1.7%	FNR 06-66 NV	6.50%	02/25/24	3.6%
Time Warner, Inc.	1.6%	FHLMC G02318	6.50%	08/01/36	3.5%
General Electric Co.	1.4%	FNR 06-88 BV	6.50%	11/25/25	2.8%
United Technologies Corp.	1.4%	FNMA 888129	5.50%	02/01/37	2.2%
Freeport-McMoRan Copper & Go	1.4%	FNMA 888124	5.00%	09/01/35	1.7%
Medtronic, Inc.	1.3%	FHR 2454 BK	6.50%	05/15/32	1.6%
Procter & Gamble Co.	1.3%	FHR 3181 BV	6.50%	06/15/26	1.6%
Chevron Corp.	1.3%	FNMA 909176	6.00%	04/01/38	1.6%
Weatherford Int'l. Ltd.	1.3%	FNMA 745355	5.00%	03/01/36	1.2%
Total of Net Assets*	15.1%	Total of Net Assets*			24.7%
Average Effective Duration	(for all Fixed Income Holdings) 4.2 years**
*"Top 10 Equity Holdings" and "Top 10 Fixed Income Holdings" excludes any short-term investments and money market funds. Portfolio composition and
holdings are subject to change. More complete holdings follow.
**The average effective duration considers the call and put date of a security and the pre-payment risk of mortgage-backed bonds to measure the sensitivity of
the Fund's price due to changes in interest rates.

Investment in Securities
at August 31, 2008 (Unaudited)
	Principal				Principal				Principal
	Amount		Value		Amount		Value		Amount		Value
	(M=$1,000)		(Note 2)		(M=$1,000)		(Note 2)		(M=$1,000)		(Note 2)
U.S. Government Obligations			29.2%	FHLMC G11943				FNR 06-78 BV
U.S. Government Agency				5.5%, 04/01/21	64M	$	64,457	6.5%, 06/25/23	1,500M	$	1,557,630
Obligations	29.2%						270,392	FNR 06-66 NV
Federal Home Loan Mortgage				20-Year:				6.5%, 02/25/24	9,000M		9,492,566
Corporation	7.0%							FNR 06-88 BV
Collateralized Mortgage Obligations:				FHLMC P00020				6.5%, 11/25/25	7,232M		7,442,252
				6.5%, 10/01/22	504M		517,572
FHR 3181 BV								FNR 02-73 TE
6.5%, 06/15/26	3,996M	$	4,143,329	30-Year:				5.5%, 03/25/29	95M		95,287
FHR 2454 BK				FGLMC G08062							31,627,530
6.5%, 05/15/32	4,000M		4,179,599	5%, 06/01/35	76M		73,300
			8,322,928	FHLMC G02318				Mortgage-Backed Securities:
				6.5%, 08/01/36	8,959M		9,216,306	15-Year:
Mortgage-Backed Securities:							9,289,606	FNMA 254907
15-Year:				Total Federal Home Loan				5%, 10/01/18	60M		59,731
FHLMC E01488				Mortgage Corporation			18,400,498	FNMA 255273
5%, 10/01/18	66M		65,717					4.5%, 06/01/19	97M		95,764
FHLMC E01492				Federal National Mortgage				FNMA 255358
5.5%, 10/01/18	42M		42,965	Association	22.2%			5%, 09/01/19	26M		25,555
FHLMC G18091				Collateralized Mortgage Obligations:							181,050
6%, 12/01/20	31M		31,257	FNR 2002-2 UC
FHLMC G18106				6%, 02/25/17	60M		61,892	30-Year:
5.5%, 03/01/21	65M		65,996	FNR 06-63 VH				FNMA 500296
				6.5%, 03/25/23	12,500M		12,977,903	6%, 04/01/29	15M		15,310
The accompanying notes are an integral part of the financial statements.

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Sentinel Balanced Fund

Principal							Principal
Amount				Value			Amount		Value			Shares		Value
(M=$1,000)				(Note 2)			(M=$1,000)		(Note 2)					(Note 2)
FNMA 545759					Pepsi Bottling Holdings, Inc.					Procter & Gamble Co.		50,000	$	3,488,500
6.5%, 07/01/32		1M	$	1,546	5.625%, 02/17/09 (b)		50M	$	50,406					17,988,054
FNMA 687301									70,389
6%, 11/01/32		985		1,001						Energy	9.0%
					Consumer Discretionary	0.0%				Apache Corp.		2,300		263,074
FNMA 690305					McDonald's Corp.
5.5%, 03/01/33		21M		20,811						Baker Hughes, Inc.		1,600		128,016
					5%, 02/15/15		50M		50,041
FNMA 762872										Chevron Corp.		40,000		3,452,800
4.5%, 10/01/33		2,061M		1,929,060	Energy	0.0%				EOG Resources, Inc.		22,500		2,349,450
FNMA 748895					Atmos Energy Corp.					ExxonMobil Corp.		78,000		6,240,780
6%, 12/01/33		798M		808,102	4.95%, 10/15/14		15M		14,029
FNMA 804294					XTO Energy, Inc.					Noble Energy, Inc.		17,500		1,255,275
5.5%, 11/01/34		1,900M		1,884,865	5.3%, 06/30/15		20M		19,254	Pride Int'l., Inc. *		40,000		1,536,400
FNMA 811311									33,283	Schlumberger Ltd.		35,000		3,297,700
4.485%, 12/01/34		21M		21,279	Financials	0.0%				Transocean, Inc. *		13,731		1,746,583
FNMA 810896					Citigroup, Inc.					Weatherford Int'l. Ltd. *		88,000		3,395,040
4.831%, 01/01/35		13M		13,526	2.9569%, 05/18/10		50M		48,704
FNMA 797813					First Horizon Alt. Mtg.									23,665,118
5.5%, 04/01/35		2,167M		2,147,822	5.5%, 03/25/35		7M		6,654	Financials	9.1%
FNMA 832258									55,358	ACE Ltd.		25,000		1,315,250
4.798%, 08/01/35		74M		73,851	Health Care	0.0%				American Express Co.		57,800		2,293,504
FNMA 888124					Medtronic, Inc.					American Int'l. Group, Inc.		41,580		893,554
5%,09/01/35		4,727M		4,576,833	4.75%, 09/15/15		50M		49,482	Ameriprise Financial, Inc.		8,120		364,994
FNMA 797721
5.5%, 10/01/35		75M		74,642	Real Estate	0.0%				Bank of America Corp.		63,180		1,967,425
FNMA 745412					Brandywine Operating					Bank of New York Mellon
5.5%, 12/01/35		2,158M		2,141,085	Partnership LP					Corp.		70,000		2,422,700
FNMA 745355					5.4%, 11/01/14		5M		4,365	Citigroup, Inc.		82,900		1,574,271
5%, 03/01/36		3,233M		3,118,819	Telecommunications	0.0%				Goldman Sachs Group,
FNMA 888129					Corning, Inc.					Inc.		8,803		1,443,428
5.5%, 02/01/37		5,949M		5,887,267	6.2%, 03/15/16		15M		15,206
FNMA 909176					Total Bonds					Hartford Financial
6%, 04/01/38		4,047M		4,091,163	(Cost $280,568)				278,124	Services		18,800		1,185,904
				26,806,982						JPMorgan Chase & Co.		43,670		1,680,859
Total Federal National										Marsh & McLennan Cos.,
Mortgage Association				58,615,562			Shares			Inc.		30,000		957,900
Government National Mortgage					Common Stocks	68.8%				Merrill Lynch & Co., Inc.		23,260		659,421
Corporation	0.0%				Consumer Discretionary	4.2%				Moody's Corp.		27,400		1,114,084
Mortgage-Backed Securities:					Comcast Corp.		110,400		2,333,856	Morgan Stanley		20,000		816,600
15-Year:					McDonald's Corp.		37,890		2,351,075	The Travelers Cos., Inc.		40,000		1,766,400
GNMA 514482					McGraw-Hill Cos., Inc.		29,600		1,268,064	US Bancorp		50,000		1,593,000
7.5%, 09/15/14		69M		72,757	Time Warner, Inc.		264,600		4,331,502	Wells Fargo & Co.		61,000		1,846,470
30-Year:					Walt Disney Co.		25,000		808,750					23,895,764
GNMA 26446									11,093,247
9%, 02/15/09		1M		1,110						Health Care	11.7%
Total Government National					Consumer Staples	6.8%				Aetna, Inc.		25,000		1,078,500
Mortgage Corporation				73,867	Altria Group, Inc.		30,000		630,900	Amgen, Inc. *		35,150		2,209,177
Total U.S. Government					CVS Caremark Corp.		34,600		1,266,360	Baxter Int'l., Inc.		22,330		1,513,081
Obligations					Diageo PLC ADR		15,000		1,116,000	Bristol-Myers Squibb Co.		60,000		1,280,400
(Cost $76,519,755)				77,089,927	HJ Heinz Co.		45,000		2,264,400	Celgene Corp. *		10,000		693,000
Bonds	0.1%				Kellogg Co.		33,420		1,819,385	Cigna Corp.		35,000		1,465,800
Basic Industry 0.1%					Kimberly-Clark Corp.		32,160		1,983,629	Covidien Ltd.		56,000		3,027,920
Enterprise Products					Kraft Foods, Inc.		28,026		883,099
Operating LP										Eli Lilly & Co.		30,000		1,399,500
4.95%, 06/01/10		20M		19,983	PepsiCo, Inc.		42,710		2,924,781	Gen-Probe, Inc. *		15,000		896,250
					Philip Morris Int'l., Inc.		30,000		1,611,000	Johnson & Johnson		62,540		4,404,692
The accompanying notes are an integral part of the financial statements.

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Sentinel Balanced Fund 

											(b)	Security exempt from registration under Rule
		Shares		Value				Shares		Value		144A of the Securities Act of 1933, as
				(Note 2)						(Note 2)		amended. These securities may be resold in
												transactions exempt from registrations,
												normally to qualified institutional buyers. At
Medco Health Solutions,					Tyco Electronics Ltd.			26,525 $		872,938		August 31, 2008, the market value of rule
Inc. *		10,000	$	468,500						30,549,500		144A securities amounted to $50,406 or
Medtronic, Inc.		65,000		3,549,000	Materials		3.1%					0.02% of net assets.
Merck & Co., Inc.		40,000		1,426,800	EI Du Pont de Nemours &						ADR	- American Depository Receipt
Pfizer, Inc.		100,000		1,911,000	Co.			50,000		2,222,000
Schering-Plough Corp.		50,000		970,000	Freeport-McMoRan
St. Jude Medical, Inc. *		35,000		1,604,050	Copper & Gold, Inc.			40,000		3,572,800
Teva Pharmaceutical					Praxair, Inc.			27,045		2,429,723
Industries Ltd. ADR		25,000		1,183,500						8,224,523
Zimmer Holdings, Inc. *		25,000		1,809,750	Telecommunication Services		1.9%
				30,890,920	America Movil SA de CV
Industrials	10.2%				ADR			40,000		2,055,200
Boeing Co.		25,000		1,639,000	AT&T, Inc.			43,180		1,381,328
Canadian National					Verizon Communications,
Railway Co.		49,600		2,605,488	Inc.			40,000		1,404,800
Deere & Co.		20,000		1,411,400						4,841,328
General Dynamics Corp.		23,000		2,122,900	Utilities		1.2%
General Electric Co.		135,000		3,793,500	Entergy Corp.			20,000		2,067,800
Honeywell Int'l., Inc.		55,400		2,779,418	NRG Energy, Inc. *			30,000		1,129,200
Northrop Grumman Corp.		21,000		1,445,850						3,197,000
Rockwell Automation, Inc.		21,740		1,026,345	Total Common Stocks
Tyco Int'l. Ltd.		26,525		1,137,392		(Cost $127,910,603)				181,304,821
Union Pacific Corp.		33,000		2,768,700		Principal
United Technologies Corp.		57,000		3,738,630		Amount
						(M=$1,000)
Waste Management, Inc.		70,800		2,490,744
				26,959,367	Corporate Short-Term Notes		1.9%
					General Electric Capital
Information Technology	11.6%					2.08%, 09/02/08		2,000M		1,999,884
Accenture Ltd.		25,000		1,034,000	Toyota Motor Credit
Activision Blizzard, Inc. *		42,000		1,378,440		2.15%, 09/03/08		3,000M		2,999,642
Adobe Systems, Inc. *		45,000		1,927,350	Total Corporate
						Short-Term Notes
Broadcom Corp. *		60,000		1,443,600		(Cost $4,999,526)				4,999,526
Cisco Systems, Inc. *		89,200		2,145,260	Total Investments		100.0%
Dolby Laboratories, Inc. *		25,000		1,017,500		(Cost $209,710,452)†				263,672,398
EMC Corp. *		115,100		1,758,728	Other Assets in
Intel Corp.		105,960		2,423,305		Excess of
Int'l. Business Machines						Liabilities	0.0%			94,969
Corp.		21,437		2,609,526	Net Assets		100.0%		$	263,767,367
KLA-Tencor Corp.		37,000		1,371,220
Microchip Technology,
Inc.		20,000		640,200	*	Non-income producing
Microsoft Corp.		104,010		2,838,433	†	Cost for federal income tax purposes is
Motorola, Inc.		100,000		942,000		$209,710,452. At August 31, 2008 unrealized
NetApp, Inc. *		65,000		1,656,200		appreciation for federal income tax purposes
Nokia Corp. ADR		75,000		1,887,750		aggregated $53,961,946 of which
SAP AG ADR		37,300		2,091,784		$59,608,247 related to appreciated securities
Seagate Technology		80,000		1,192,800		and $5,646,301 related to depreciated
Texas Instruments, Inc.		53,793		1,318,466		securities.
				The accompanying notes are an integral part of the financial statements.

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Sentinel Capital Growth Fund
Fund Profile
at August 31, 2008 (Unaudited)
Top Sectors
Sector	Percent of Net Assets	Sector	Percent of Net Assets
Industrials	18.8%	Consumer Staples	10.4%
Materials	18.6%	Consumer Discretionary	6.0%
Information Technology	14.2%	Financials	3.4%
Energy	12.5%	Telecommunication Services	2.7%
Health Care	12.3%
Top 10 Holdings*
Description	Percent of Net Assets	Description	Percent of Net Assets
Praxair, Inc.	5.2%	Schlumberger Ltd.	3.2%
Emerson Electric Co.	3.7%	Freeport-McMoRan Copper & Gold, Inc.	3.1%
Gilead Sciences, Inc.	3.7%	BlackRock, Inc.	2.9%
McDonald's Corp.	3.6%	ExxonMobil Corp.	2.6%
Jacobs Engineering Group, Inc.	3.6%	Total of Net Assets	34.9%
Walgreen Co.	3.3%
*"Top 10 Holdings" excludes any short-term investments and money market funds. Portfolio composition and holdings are subject to change. More complete
holdings follow.

Investment in Securities
at August 31, 2008 (Unaudited)
		Shares		Value			Shares		Value			Shares		Value
				(Note 2)					(Note 2)					(Note 2)
Common Stocks	98.9%				St. Mary Land &					General Electric Co.		50,000	$	1,405,000
Consumer Discretionary	6.0%				Exploration Co.		12,500	$	527,750	Goodrich Corp.		30,000		1,537,500
Johnson Controls, Inc.		38,000	$	1,174,960	Transocean, Inc. *		19,000		2,416,800	Illinois Tool Works, Inc.		35,000		1,736,350
McDonald's Corp.		90,500		5,615,525	Weatherford Int'l. Ltd. *		12,000		462,960	Jacobs Engineering
Tiffany & Co.		58,000		2,561,860					19,544,299	Group, Inc. *		76,000		5,610,320
				9,352,345	Financials	3.4%				Kansas City Southern *		25,000		1,285,750
Consumer Staples	10.4%				BlackRock, Inc.		21,000		4,562,250	Paccar, Inc.		25,300		1,089,418
Bunge Ltd.		9,000		804,240	CME Group, Inc.		2,500		838,450	Precision Castparts Corp.		12,000		1,239,120
Colgate-Palmolive Co.		36,000		2,737,080					5,400,700	Union Pacific Corp.		22,000		1,845,800
Corn Products Int'l., Inc.		36,100		1,616,919	Health Care	12.3%								29,513,908
PepsiCo, Inc.		33,554		2,297,778	Covidien Ltd.		10,000		540,700	Information Technology	14.2%
Procter & Gamble Co.		35,770		2,495,673	Gilead Sciences, Inc. *		110,400		5,815,872	Ansys, Inc. *		25,000		1,108,750
Walgreen Co.		140,000		5,100,200	Medtronic, Inc.		62,428		3,408,569	Apple, Inc. *		9,500		1,610,535
Wal-Mart de Mexico SAB					Roche Holding AG ADR		45,000		3,781,125	Autodesk, Inc. *		95,000		3,375,350
de CV ADR		37,085		1,353,602	St. Jude Medical, Inc. *		37,000		1,695,710	Automatic Data
				16,405,492	Stryker Corp.		60,000		4,031,400	Processing, Inc.		50,763		2,252,862
Energy	12.5%								19,273,376	Broadcom Corp. *		25,000		601,500
Arch Coal, Inc.		10,000		542,400	Industrials	18.8%				Cisco Systems, Inc. *		136,870		3,291,724
Devon Energy Corp.		15,000		1,530,750	Canadian Pacific Railway					Cognizant Technology
EOG Resources, Inc.		20,000		2,088,400	Ltd.		35,000		2,126,250	Solutions Corp. *		43,000		1,260,760
ExxonMobil Corp.		51,200		4,096,512	Caterpillar, Inc.		10,000		707,300	Corning, Inc.		100,000		2,054,000
Nabors Industries Ltd. *		10,000		356,000	Deere & Co.		22,000		1,552,540	EMC Corp. *		80,400		1,228,512
Noble Corp.		20,000		1,005,800	Donaldson Co., Inc.		40,000		1,756,400	Google, Inc. *		1,000		463,290
Peabody Energy Corp.		23,300		1,466,735	Emerson Electric Co.		125,000		5,850,000	Int'l. Business Machines
Schlumberger Ltd.		53,600		5,050,192	General Dynamics Corp.		19,200		1,772,160	Corp.		30,000		3,651,900
The accompanying notes are an integral part of the financial statements.

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Sentinel Capital Growth Fund
					†	Cost for federal income tax purposes is
		Shares		Value		$107,816,445. At August 31, 2008 unrealized
				(Note 2)		appreciation for federal income tax purposes
						aggregated $49,323,562 of which
Microsoft Corp.		50,000 $		1,364,500		$53,257,510 related to appreciated securities
				22,263,683		and $3,933,948 related to depreciated
Materials	18.6%					securities.
					ADR	-	American Depository Receipt
Allegheny Technologies,					SPDR	-	Standard & Poor's Depository Receipts
Inc.		20,000		980,000
BHP Billiton Ltd. ADR		43,000		3,031,930
Carpenter Technology
Corp.		40,000		1,552,400
Commercial Metals Co.		85,100		2,215,153
Companhia Vale do Rio
Doce ADR		50,000		1,327,500
Freeport-McMoRan
Copper & Gold, Inc.		53,700		4,796,484
Monsanto Co.		10,000		1,142,500
Nucor Corp.		21,000		1,102,500
Potash Corp. of
Saskatchewan, Inc.		6,000		1,041,600
Praxair, Inc.		90,800		8,157,472
SPDR Gold Trust *		40,000		3,268,400
Yamana Gold, Inc.		50,000		541,000
				29,156,939
Telecommunication Services	2.7%
AT&T, Inc.		40,000		1,279,600
Verizon Communications,
Inc.		84,000		2,950,080
				4,229,680
Total Common Stocks
(Cost $105,816,860)				155,140,422
		Principal
		Amount
		(M=$1,000)
Corporate Short-Term Notes	1.3%
American Express Credit
2.05%, 09/09/08		600M		599,727
General Electric Capital
2.08%, 09/02/08		900M		899,948
Toyota Motor Credit
2.15%, 09/04/08		500M		499,910
Total Corporate
Short-Term Notes
(Cost $1,999,585)				1,999,585
Total Investments	100.2%
(Cost $107,816,445)†				157,140,007
Excess of Liabilities
Over Other
Assets	(0.2)%			(325,066)
Net Assets	100.0%		$	156,814,941
* Non-income producing
				The accompanying notes are an integral part of the financial statements.

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Sentinel Common Stock Fund
Fund Profile
at August 31, 2008 (Unaudited)
Top Sectors
Sector	Percent of Net Assets	Sector	Percent of Net Assets
Health Care	15.4%	Consumer Staples	10.9%
Industrials	15.4%	Consumer Discretionary	5.2%
Energy	15.3%	Materials	5.2%
Information Technology	15.1%	Telecommunication Services	1.9%
Financials	12.5%	Utilities	1.8%
Top 10 Holdings*
Description	Percent of Net Assets	Description	Percent of Net Assets
ExxonMobil Corp.	3.9%	General Electric Co.	2.2%
United Technologies Corp.	3.0%	Weatherford Int'l. Ltd.	2.2%
Schlumberger Ltd.	3.0%	PepsiCo, Inc.	2.2%
Johnson & Johnson	2.3%	Chevron Corp.	2.1%
Freeport-McMoRan Copper & Gold, Inc.	2.3%	Total of Net Assets	25.5%
Procter & Gamble Co.	2.3%
*"Top 10 Holdings" excludes any short-term investments and money market funds. Portfolio composition and holdings are subject to change. More complete
holdings follow.

Investment in Securities
at August 31, 2008 (Unaudited)
		Shares		Value			Shares		Value			Shares		Value
				(Note 2)					(Note 2)					(Note 2)
Common Stocks	98.7%				ExxonMobil Corp.		594,000	$	47,525,940	The Travelers Cos., Inc.		275,000	$	12,144,000
Consumer Discretionary	5.2%				Noble Energy, Inc.		125,000		8,966,250	US Bancorp		400,000		12,744,000
Comcast Corp.		712,500	$	15,062,250	Pride Int'l., Inc. *		300,000		11,523,000	Wells Fargo & Co.		356,600		10,794,282
McDonald's Corp.		204,600		12,695,430	Schlumberger Ltd.		380,000		35,803,600					151,185,968
McGraw-Hill Cos., Inc.		183,800		7,873,992	Transocean, Inc. *		83,247		10,589,018	Health Care	15.4%
Time Warner, Inc.		1,176,900		19,265,853	Weatherford Int'l. Ltd. *		689,800		26,612,484	Aetna, Inc.		250,000		10,785,000
TJX Cos., Inc.		120,700		4,374,168					185,441,522	Amgen, Inc. *		171,400		10,772,490
Walt Disney Co.		125,000		4,043,750	Financials	12.5%				Baxter Int'l., Inc.		150,000		10,164,000
				63,315,443	ACE Ltd.		139,300		7,328,573	Bristol-Myers Squibb Co.		350,000		7,469,000
Consumer Staples	10.9%				American Express Co.		275,000		10,912,000	Celgene Corp. *		60,000		4,158,000
Altria Group, Inc.		255,400		5,371,062	American Int'l. Group, Inc.		190,000		4,083,100	Cigna Corp.		185,000		7,747,800
CVS Caremark Corp.		250,000		9,150,000	Ameriprise Financial, Inc.		50,660		2,277,167	Covidien Ltd.		290,000		15,680,300
Diageo PLC ADR		150,000		11,160,000	Bank of America Corp.		426,875		13,292,888	Eli Lilly & Co.		101,500		4,734,975
HJ Heinz Co.		250,000		12,580,000	Bank of New York Mellon					Gen-Probe, Inc. *		75,000		4,481,250
Kellogg Co.		150,000		8,166,000	Corp.		564,850		19,549,458	Johnson & Johnson		402,800		28,369,204
Kimberly-Clark Corp.		200,000		12,336,000	Citigroup, Inc.		475,000		9,020,250	Medco Health Solutions,
Kraft Foods, Inc.		176,742		5,569,140	Goldman Sachs Group,					Inc. *		55,000		2,576,750
PepsiCo, Inc.		388,000		26,570,240	Inc.		60,000		9,838,200	Medtronic, Inc.		369,500		20,174,700
Philip Morris Int'l., Inc.		255,400		13,714,980	Hartford Financial					Merck & Co., Inc.		300,000		10,701,000
Procter & Gamble Co.		391,475		27,313,211	Services		98,400		6,207,072	Pfizer, Inc.		600,000		11,466,000
				131,930,633	JPMorgan Chase & Co.		367,750		14,154,698	Schering-Plough Corp.		300,000		5,820,000
					Marsh & McLennan Cos.,					St. Jude Medical, Inc. *		225,000		10,311,750
Energy	15.3%				Inc.		165,000		5,268,450	Teva Pharmaceutical
Apache Corp.		41,000		4,689,580	Merrill Lynch & Co., Inc.		111,800		3,169,530	Industries Ltd. ADR		149,400		7,072,596
Chevron Corp.		300,000		25,896,000	Moody's Corp.		55,000		2,236,300
EOG Resources, Inc.		132,500		13,835,650	Morgan Stanley		200,000		8,166,000
The accompanying notes are an integral part of the financial statements.

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Sentinel Common Stock Fund
		Shares		Value					Shares		Value
				(Note 2)							(Note 2)
Zimmer Holdings, Inc. *		190,000	$	13,754,100	Praxair, Inc.				236,000	$	21,202,240
				186,238,915							62,553,924
Industrials 15.4%					Telecommunication Services			1.9%
Boeing Co.		79,000		5,179,240	America Movil SA de CV
Canadian National							ADR		200,000		10,276,000
Railway Co.		160,700		8,441,571	AT&T, Inc.				192,200		6,148,478
Deere & Co.		140,000		9,879,800	Verizon Communications,
General Dynamics Corp.		144,800		13,365,040			Inc.		198,152		6,959,098
General Electric Co.		964,049		27,089,777							23,383,576
Honeywell Int'l., Inc.		449,300		22,541,381	Utilities			1.8%
L-3 Communications					Entergy Corp.				100,000		10,339,000
Holdings, Inc.		34,000		3,533,960	Exelon Corp.				63,000		4,785,480
Northrop Grumman Corp.		131,900		9,081,315	NRG Energy, Inc. *				170,000		6,398,800
Rockwell Automation, Inc.		160,000		7,553,600							21,523,280
Tyco Int'l. Ltd.		155,850		6,682,848	Total Common Stocks
Union Pacific Corp.		263,200		22,082,480			(Cost $769,077,556)				1,193,442,916
United Technologies Corp.		560,900		36,789,431					Principal
Waste Management, Inc.		380,000		13,368,400					Amount
				185,588,843					(M=$1,000)
Information Technology	15.1%				Corporate Short-Term Notes			1.2%
Accenture Ltd.		150,000		6,204,000	General Electric Capital Corp.
							2.1%, 09/08/08		4,000M		3,998,366
Activision Blizzard, Inc. *		300,000		9,846,000	Prudential Funding Corp.
Adobe Systems, Inc. *		253,100		10,840,273			2%, 09/05/08		5,000M		4,998,889
Broadcom Corp. *		235,500		5,666,130	Toyota Motor Credit
Cisco Systems, Inc. *		600,000		14,430,000			2.03%, 09/03/08		3,000M		2,999,662
Dolby Laboratories, Inc. *		100,000		4,070,000			2.15%, 09/10/08		2,500M		2,498,656
EMC Corp. *		595,200		9,094,656	Total Corporate
							Short-Term Notes
Intel Corp.		484,700		11,085,089			(Cost $14,495,573)				14,495,573
Int'l. Business Machines					Total Investments			99.9%
Corp.		150,000		18,259,500			(Cost $783,573,129)†				1,207,938,489
KLA-Tencor Corp.		230,000		8,523,800	Other Assets in
Microchip Technology,							Excess of
Inc.		100,000		3,201,000			Liabilities	0.1%			1,796,626
Microsoft Corp.		737,600		20,129,104	Net Assets			100.0%		$	1,209,735,115
Motorola, Inc.		600,000		5,652,000
NetApp, Inc. *		400,000		10,192,000
Nokia Corp. ADR		465,000		11,704,050	*		Non-income producing
SAP AG ADR		258,300		14,485,464	†		Cost for federal income tax purposes is
							$783,573,129. At August 31, 2008 unrealized
Seagate Technology		389,200		5,802,972			appreciation for federal income tax purposes
Texas Instruments, Inc.		325,000		7,965,750			aggregated $424,365,360 of which
Tyco Electronics Ltd.		155,850		5,129,024			$443,681,760 related to appreciated securities
				182,280,812			and $19,316,400 related to depreciated
							securities.
Materials	5.2%				ADR	-	American Depository Receipt
EI Du Pont de Nemours &
Co.		300,000		13,332,000
Freeport-McMoRan
Copper & Gold, Inc.		313,700		28,019,684
				The accompanying notes are an integral part of the financial statements.

lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll
Sentinel Conservative Allocation Fund
Fund Profile
at August 31, 2008 (Unaudited)
Portfolio Weightings
Asset Category	Percent of Net Assets
U.S. Government Obligations	49.7%
Common Stocks	37.8%
Bonds	6.4%
Foreign Stocks	1.1%
Cash and Other	5.0%
Top 10 Equity Holdings*		Top 10 Fixed Income Holdings*
				Maturity	Percent of
Description	Percent of Net Assets	Description	Coupon	Date	Net Assets
ExxonMobil Corp.	1.2%	FHLMC G02318	6.50%	08/01/36	6.4%
ConocoPhillips	1.1%	FNMA 745432	5.50%	04/01/36	6.3%
Waste Management, Inc.	1.0%	FNMA 888129	5.50%	02/01/37	6.2%
Praxair, Inc.	0.8%	FNMA 745355	5.00%	03/01/36	3.6%
General Electric Co.	0.8%	FNMA 762872	4.50%	10/01/33	3.6%
United Technologies Corp.	0.7%	FNMA 804294	5.50%	11/01/34	3.4%
Weatherford Int'l. Ltd.	0.7%	FNMA 735500	5.50%	05/01/35	2.9%
JPMorgan Chase & Co.	0.7%	FNMA 909166	6.00%	03/01/38	2.7%
Canadian National Railway Co.	0.7%	FNMA 745412	5.50%	12/01/35	2.6%
Honeywell Int'l., Inc.	0.7%	FNMA 888124	5.00%	09/01/35	2.3%
Total of Net Assets*	8.4%	Total of Net Assets*			40.0%
Average Effective Duration	(for all Fixed Income Holdings) 4.4 years**
*"Top 10 Equity Holdings" and "Top 10 Fixed Income Holdings" excludes any short-term investments and money market funds. Portfolio composition and
holdings are subject to change. More complete holdings follow.
**The average effective duration considers the call and put date of a security and the pre-payment risk of mortgage-backed bonds to measure the sensitivity of
the Fund's price due to changes in interest rates.

Investment in Securities
at August 31, 2008 (Unaudited)
	Principal				Principal			Principal
	Amount		Value		Amount		Value	Amount			Value
	(M=$1,000)		(Note 2)		(M=$1,000)		(Note 2)	(M=$1,000)			(Note 2)
U.S. Government Obligations		49.7%		Federal National Mortgage				FNMA 745355
U.S. Government Agency				Association		39.5%		5%, 03/01/36		2,020M $	1,949,262
Obligations		49.7%		Collateralized Mortgage Obligations:				FNMA 745432
Federal Home Loan Mortgage				FNR 06-78 BV				5.5%, 04/01/36		3,470M	3,439,115
Corporation		10.2%		6.5%, 06/25/23	1,000M	$	1,038,420	FNMA 888129
Collateralized Mortgage Obligations:				Mortgage-Backed Securities:				5.5%, 02/01/37		3,400M	3,364,152
FHR 3181 BV				30-Year:				FNMA 909166
6.5%, 06/15/26	1,000M	$	1,036,956	FNMA 731291				6%, 03/01/38		1,439M	1,454,104
FHR 2454 BK				5%, 08/01/33	1,184M		1,146,630				20,379,921
6.5%, 05/15/32	1,000M		1,044,900	FNMA 762872				Total Federal National
			2,081,856	4.5%, 10/01/33	2,061M		1,929,060	Mortgage Association			21,418,341
Mortgage-Backed Securities:				FNMA 804294				Total U.S. Government
30-Year:				5.5%, 11/01/34	1,870M		1,855,414	Obligations
FHLMC G02318				FNMA 735500				(Cost $27,089,370)			26,956,312
6.5%, 08/01/36	3,360M		3,456,115	5.5%, 05/01/35	1,572M		1,557,530	Bonds	6.4%
Total Federal Home Loan				FNMA 888124				Basic Industry	0.4%
Mortgage Corporation			5,537,971	5%, 09/01/35	1,289M		1,248,227	Freeport-McMoRan Copper
				FNMA 735997				& Gold, Inc.
				5.5%, 11/01/35	1,018M		1,009,037	6.875%, 02/01/14		200M	205,732
				FNMA 745412
				5.5%, 12/01/35	1,439M		1,427,390
The accompanying notes are an integral part of the financial statements.

lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll
Sentinel Conservative Allocation Fund
		Principal
		Amount		Value			Shares		Value			Shares		Value
		(M=$1,000)		(Note 2)					(Note 2)					(Note 2)
Capital Goods	0.5%				Time Warner, Inc.		15,000	$	245,550	Eli Lilly & Co.		5,200	$	242,580
L-3 Communications Corp.					Toyota Motor Corp. ADR		3,000		268,770	GlaxoSmithKline PLC
6.375%, 10/15/15		300M	$	288,750	Walt Disney Co.		5,573		180,287	ADR		5,200		244,244
Consumer Cyclical	0.7%								1,115,828	Johnson & Johnson		5,000		352,150
Accuride Corp.					Consumer Staples	4.4%				Medtronic, Inc.		5,245		286,377
8.5%, 02/01/15		150M		97,500
Warnaco, Inc.					Altria Group, Inc.		10,000		210,300	Merck & Co., Inc.		7,500		267,525
8.875%, 06/15/13		250M		258,125	Coca-Cola Co.		4,455		231,972	Novartis AG ADR		2,400		133,536
				355,625	Colgate-Palmolive Co.		2,500		190,075	Pfizer, Inc.		16,027		306,276
Consumer Non-Cyclical	0.3%				CVS Caremark Corp.		3,146		115,143	Quest Diagnostics, Inc.		3,000		162,150
Elizabeth Arden, Inc.					General Mills, Inc.		2,811		186,032	UnitedHealth Group, Inc.		3,000		91,350
7.75%, 01/15/14		200M		188,000	HJ Heinz Co.		5,000		251,600					3,032,451
Energy	1.9%				Kimberly-Clark Corp.		4,544		280,274	Industrials 5.5%
Chesapeake Energy Corp.					Kraft Foods, Inc.		10,000		315,100	Canadian National
6.375%, 06/15/15		100M		93,500	Philip Morris Int'l., Inc.		3,497		187,789	Railway Co.		7,000		367,710
6.875%, 01/15/16		230M		221,950	Procter & Gamble Co.		2,772		193,402	Deere & Co.		5,000		352,850
MarkWest Energy Partners  LP					Wal-Mart Stores, Inc.		3,928		232,027	General Electric Co.		15,000		421,500
8.5%, 07/15/16		250M		251,250					2,393,714	Honeywell Int'l., Inc.		7,300		366,241
PetroHawk Energy Corp.										Lockheed Martin Corp.		2,861		333,135
9.125%, 07/15/13		200M		200,000	Energy	6.1%				Rockwell Automation, Inc.		5,000		236,050
Williams Partners LP					BP PLC ADR		3,991		230,001	United Technologies Corp.		6,000		393,540
7.25%, 02/01/17		275M		276,117	ConocoPhillips		7,088		584,831	Waste Management, Inc.		15,000		527,700
				1,042,817	ExxonMobil Corp.		8,245		659,682					2,998,726
Services Cyclical	0.3%				Hess Corp.		1,426		149,317
Las Vegas Sands Corp.					Occidental Petroleum					Information Technology	4.4%
6.375%, 02/15/15		200M		161,000	Corp.		3,162		250,936	Altera Corp.		4,994		113,064
Technology	0.4%				Patterson-UTI Energy, Inc.		10,000		284,200	Ansys, Inc. *		8,000		354,800
Sungard Data Systems, Inc.					Schlumberger Ltd.		1,600		150,752	Canon, Inc. ADR		6,000		268,440
9.125%, 08/15/13		200M		204,000	Total SA ADR		5,000		359,400	Fiserv, Inc. *		4,600		238,556
Telecommunications	1.0%				Transocean, Inc. *		2,140		272,208	Intel Corp.		4,600		105,202
Qwest Capital Funding, Inc.					Weatherford Int'l. Ltd. *		10,000		385,800	Microchip Technology,
7%, 08/03/09		300M		301,125						Inc.		8,500		272,085
Rogers Wireless, Inc.									3,327,127	Microsoft Corp.		8,671		236,632
6.375%, 03/01/14		250M		253,875	Financials	4.4%				Motorola, Inc.		3,753		35,353
				555,000	American Int'l. Group, Inc.		6,165		132,486
										NetApp, Inc. *		10,000		254,800
Utilities	0.9%				Bank of America Corp.		10,088		314,140	SAP AG ADR		3,500		196,280
AES Corp.					Citigroup, Inc.		10,047		190,792
7.75%, 03/01/14		225M		225,000	Franklin Resources, Inc.		1,800		188,100	Seagate Technology		8,500		126,735
Orion Power Holdings, Inc.										Texas Instruments, Inc.		7,000		171,570
12%, 05/01/10		150M		162,750	JPMorgan Chase & Co.		9,640		371,044					2,373,517
Tenaska Alabama Partners					Merrill Lynch & Co., Inc.		3,005		85,192
LP					Moody's Corp.		4,700		191,102	Materials	2.5%
7%, 06/30/21 (b)		91M		85,681	PNC Financial Services					EI Du Pont de Nemours &
				473,431	Group, Inc.		5,006		360,182	Co.		7,000		311,080
Total Bonds					The Travelers Cos., Inc.		7,409		327,181	Packaging Corp. of
(Cost $3,599,480)				3,474,355	Wells Fargo & Co.		8,032		243,129	America		12,500		321,875
										Praxair, Inc.		5,000		449,200
									2,403,348	Weyerhaeuser Co.		4,308		239,051
		Shares			Health Care	5.6%								1,321,206
Common Stocks	37.8%				Abbott Laboratories		5,000		287,150	Telecommunication Services	1.4%
Consumer Discretionary	2.1%				Baxter Int'l., Inc.		2,588		175,363	AT&T, Inc.		11,346		362,959
Comcast Corp.		11,250		237,825	Bristol-Myers Squibb Co.		10,000		213,400	Sprint Nextel Corp.		16,091		140,313
Target Corp.		3,459		183,396	Covidien Ltd.		5,000		270,350
The accompanying notes are an integral part of the financial statements.

lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll 

Sentinel Conservative Allocation Fund 

			Shares			Value
						(Note 2)
Verizon Communications,
Inc.				7,297	$	256,271	ADR	-	American Depository Receipt
						759,543
Utilities		1.4%
DPL, Inc.				5,500		136,510
Energy East Corp.				3,437		93,486
Entergy Corp.				1,734		179,278
FPL Group, Inc.				3,411		204,865
Mirant Corp. *				5,464		161,625
						775,764
Total Common Stocks
(Cost $18,557,535)						20,501,224
Foreign Stocks		1.1%
Germany		0.5%
Puma AG Rudolf Dassler
Sport				800		251,623
Switzerland		0.4%
Nestle SA				5,000		220,298
United Kingdom		0.2%
Diageo PLC				7,500		138,517
Total Foreign Stocks
(Cost $578,396)						610,438
				Principal
				Amount
				(M=$1,000)
Corporate Short-Term Notes		3.7%
General Electric Capital
2.03%, 09/02/08
(Cost $1,999,887)				2,000M		1,999,887
Total Investments		98.7%
(Cost $51,824,668)†						53,542,216
Other Assets in
Excess of
Liabilities		1.3%				692,828
Net Assets		100.0%			$	54,235,044
*	Non-income producing
†	Cost for federal income tax purposes is
	$51,824,668. At August 31, 2008 unrealized
	appreciation for federal income tax purposes
	aggregated $1,717,548 of which $3,809,098
	related to appreciated securities and
	$2,091,550 related to depreciated securities.
(b)	Security exempt from registration under Rule
	144A of the Securities Act of 1933, as
	amended. These securities may be resold in
	transactions exempt from registrations,
	normally to qualified institutional buyers. At
	August 31, 2008, the market value of rule
	144A securities amounted to $85,681 or
	0.16% of net assets.

The accompanying notes are an integral part of the financial statements.

lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll
Sentinel Georgia Municipal Bond Fund
Fund Profile
at August 31, 2008 (Unaudited)
Top 10 Holdings*
		Maturity	Percent of			Maturity	Percent of
Description	Coupon	Date	Net Assets	Description	Coupon	Date	Net Assets
State of Georgia	6.25%	08/01/13	7.6%	De Kalb County, GA	5.00%	12/01/15	3.7%
State of Georgia	5.25%	10/01/15	5.5%	County of Forsyth, GA	5.25%	03/01/13	3.6%
Clayton County Water & Sewer Auth.	5.25%	05/01/15	5.4%	Cobb-Marietta Coliseum & Exhibit Hall	5.00%	01/01/15	3.6%
Cherokee County, GA	5.25%	08/01/16	4.3%	Jackson County School District, GA	5.00%	03/01/16	3.6%
Chatham County School District	5.25%	08/01/14	3.7%	Total of Net Assets			44.7%
Henry County Water & Sewerage Auth.	5.125%	02/01/19	3.7%
*"Top 10 Holdings" excludes any short-term investments and money market funds. Portfolio composition and holdings are subject to change. More complete
holdings below.

Investment in Securities

at August 31, 2008 (Unaudited)

Principal

Principal

Principal

Amount

Value

Amount

Value

Amount

Value

(M=$1,000)

(Note 2)

(M=$1,000)

(Note 2)

(M=$1,000)

(Note 2)

Bonds

98.8%

Douglasville-Douglas

State of Georgia

Georgia

98.8%

County Water & Sewer

6.25%, 08/01/13

2,000M

$

2,310,340

Berrien County School

Authority, GA

Total Investments

98.8%

District

5%, 06/01/27

500M

$

519,340

(Cost $29,536,825)†

30,160,078

5%, 04/01/18

605M

$

668,937

Forsyth District County School

Other Assets in

Bulloch County

5%, 02/01/24

1,000M

1,035,970

Excess of

Development Authority

Liabilities

1.2%

373,056

5%, 08/01/16

500M

527,720

Fulton Dekalb Hospital

Net Assets

100.0%

$

30,533,134

Chatham County School

Authority

District

5%, 01/01/13

1,000M

1,076,730

5.25%, 08/01/14

1,000M

1,118,090

Georgia State Road &

Cherokee County, GA

Tollway Auth.

† Cost for federal income tax purposes is

5.25%, 08/01/16

1,200M

1,307,040

5%, 06/01/18

1,000M

1,084,660

$29,536,825. At August 31, 2008 unrealized

City of Augusta, GA

Henry County Water &

appreciation for federal income tax purposes

5%, 10/01/13

500M

548,465

Sewerage Auth.

Clayton County Water &

5.125%, 02/01/19

1,045M

1,114,858

aggregated $623,252 of which $740,157

Sewer Auth.

Jackson County School

related to appreciated securities and $116,905

5.25%, 05/01/15

1,500M

1,652,400

District, GA

related to depreciated securities.

Cobb County & Marietta

5%, 03/01/16

1,000M

1,088,250

Water Authority

5%, 03/01/21

500M

522,520

5.125%, 11/01/19

1,000M

1,071,980

Jackson County Water &

Cobb County Hospital

Sewer Authority

Authority

5.25%, 09/01/20

500M

525,455

5.25%, 04/01/15

700M

768,481

Newton County School

Cobb County, GA

District, GA

5%, 01/01/13

500M

544,710

5%, 02/01/15

1,000M

1,077,420

Cobb-Marietta Coliseum &

Paulding County, GA

Exhibit Hall

5%, 02/01/21

1,000M

1,056,140

5%, 01/01/15

1,000M

1,090,000

Private Colleges &

County of Forsyth, GA

Universities Authority

5.25%, 03/01/13

1,000M

1,100,510

4.75%, 10/01/11

300M

307,221

County of Gilmer, GA

5%, 09/01/13

500M

546,040

5%, 04/01/20

1,000M

1,047,530

Roswell, GA

De Kalb County, GA

5.5%, 02/01/12

770M

789,874

5%, 10/01/12

500M

544,085

State of Georgia

5%, 12/01/15

1,000M

1,114,800

2%, 04/01/26

1,000M

662,730

5%, 07/01/14

530M

558,482

5%, 05/01/19

1,000M

1,085,020

5.25%, 10/01/15

1,500M

1,694,280

The accompanying notes are an integral part of the financial statements.

lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll
Sentinel Government Securities Fund
Fund Profile
at August 31, 2008 (Unaudited)
Average Effective Duration
			Percent of				Percent of
Duration		Fixed Income Holdings		Duration		Fixed Income Holdings
Less than 1 yr.			1.6%	4 yrs. to 5.99 yrs.			65.8%
1 yr. to 2.99 yrs.			7.4%	6 yrs. to 7.99 yrs.			3.9%
3 yrs. to 3.99 yrs.			21.4%
Average Effective Duration (for all Fixed Income Holdings) 4.4 years**
Top 10 Holdings*
		Maturity	Percent of			Maturity	Percent of
Description	Coupon	Date	Net Assets	Description	Coupon	Date	Net Assets
FHLMC G02318	6.50%	08/01/36	6.1%	FNMA 804312	5.50%	11/01/34	3.1%
FHLMC A61766	5.00%	06/01/37	5.6%	FHLMC G02869	5.00%	11/01/35	3.0%
FNMA 969675	6.00%	02/01/38	4.4%	FNMA 735141	5.50%	01/01/35	3.0%
FNMA 745355	5.00%	03/01/36	4.3%	FNMA 969831	4.50%	02/01/38	2.9%
FNMA 735997	5.50%	11/01/35	3.5%	Total of Net Assets			39.0%
FNMA 981322	6.00%	06/01/38	3.1%
*"Top 10 Holdings" excludes any short-term investments and money market funds. Portfolio composition and holdings are subject to change. More complete
holdings below.
**The average effective duration considers the call and put date of a security and the pre-payment risk of mortgage-backed bonds to measure the sensitivity of
the Fund's price due to changes in interest rates.

Investment in Securities
at August 31, 2008 (Unaudited)
	Principal				Principal				Principal
	Amount		Value		Amount		Value		Amount		Value
	(M=$1,000)		(Note 2)		(M=$1,000)		(Note 2)		(M=$1,000)		(Note 2)
U.S. Government Obligations			102.9%	FHLMC 360017				FGLMC C02886
Federal Home Loan Bank 3.4%				11%, 11/01/17	882	$	1,018	6%, 06/01/37	3,376M	$	3,407,042
Agency Discount Notes:				FGLMC C69366				FHLMC A64971
2.15%, 09/11/08	16,125M	$	16,115,370	6%, 07/01/32	253M		257,283	5.5%, 08/01/37	92M		90,916
				FGLMC C69369				FGLMC A66377
Federal Home Loan Mortgage				6%, 07/01/32	769M		780,542	6%, 09/01/37	2,956M		2,985,649
Corporation	32.7%
Collateralized Mortgage Obligations:				FHLMC G01776				FGLMC A66378
FHR 3199 VH				6%, 10/01/34	7,514M		7,625,370	6%, 09/01/37	1,984M		2,008,859
6.35%, 05/15/23	9,121M		9,376,528	FHLMC G02328				FGLMC C03095
FHR 3181 BV				5%, 09/01/35	12,800M		12,385,229	6%, 11/01/37	2,637M		2,661,517
6.5%, 06/15/26	4,000M		4,147,823	FHLMC A47296				FGLMC C03144
FHR 2454 BK				5%, 10/01/35	1,553M		1,497,466	6%, 12/01/37	5,351M		5,400,974
6.5%, 05/15/32	10,000M		10,448,998	FHLMC G02869				FGLMC A72377
			23,973,349	5%, 11/01/35	15,229M		14,683,153	5%, 01/01/38	4,851M		4,664,451
				FGLMC A54676				FGLMC A72151
Mortgage-Backed Securities:				6%, 12/01/35	2,196M		2,219,252	6%, 01/01/38	1,104M		1,113,778
15-Year:				FGLMC G02280				FGLMC C03153
FHLMC B19087				6%, 07/01/36	1,516M		1,530,895	6%, 01/01/38	4,735M		4,778,650
4.5%, 04/01/20	1,059M		1,036,734	FHLMC G02318				FGLMC A77212
30-Year:				6.5%, 08/01/36	28,516M		29,335,543	6.5%, 05/01/38	5,232M		5,381,192
FHLMC 252153				FGLMC G02736							132,671,352
11%, 11/01/09	264		277	5.5%, 03/01/37	1,077M		1,062,874	Total Federal Home Loan
FHLMC 170141				FGLMC A60337				Mortgage Corporation			157,681,435
11%, 09/01/15	1M		1,220	6%, 05/01/37	1,678M		1,694,263
FHLMC 170147				FHLMC A61766
11%, 11/01/15	2M		1,752	5%, 06/01/37	28,183M		27,102,187
The accompanying notes are an integral part of the financial statements.

lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll
Sentinel Government Securities Fund
	Principal				Principal			Principal
	Amount		Value		Amount		Value	Amount			Value
	(M=$1,000)		(Note 2)		(M=$1,000)		(Note 2)	(M=$1,000)			(Note 2)
Federal National Mortgage				FNMA 738887				FNMA 988608
Association 66.3%				5.5%, 10/01/33	1,017M	$	1,010,574	6.5%, 08/01/38	8,801M	$	9,062,316
Collateralized Mortgage Obligations:				FNMA 748895							272,011,191
FNGT 02-T3 B				6%, 12/01/33	798M		808,011	Total Federal National
5.763%, 12/25/11	200M	$	208,953	FNMA 786726				Mortgage Association			319,979,778
FNR 06-63 VH				6.5%, 08/01/34	4,494M		4,644,658
6.5%, 03/25/23	10,283M		10,675,876	FNMA 804312				Government National Mortgage  Corporation 0.5%
FNR 06-78 BV				5.5%, 11/01/34	15,218M		15,097,453	Mortgage-Backed Securities:
6.5%, 06/25/23	5,714M		5,933,531	FNMA 735036				15-Year:
FNR 06-66 NV				5.5%, 12/01/34	7,475M		7,415,875
6.5%, 02/25/24	11,000M		11,602,026	FNMA 735141				GNMA  II 3197
FNR 06-88 BV				5.5%, 01/01/35	14,353M		14,239,196	7%, 02/20/17	31M		32,173
6.5%, 11/25/25	10,000M		10,290,745	FNMA 820576				20-Year:
FNW 03-W16 AF5				5%, 04/01/35	7,596M		7,328,321	GNMA 623177
4.7868%, 11/25/33	552M		494,466	FNMA 824421				6.5%, 08/15/23	299M		309,527
			39,205,597	5%, 05/01/35	5,572M		5,375,790	25-Year:
Mortgage-Backed Securities:				FNMA 735500				GNMA 608728
10-Year:				5.5%, 05/01/35	13,202M		13,083,254	6.5%, 11/15/25	553M		573,287
FNMA 556247				FNMA 745292				30-Year:
7%, 10/01/10	50M		50,937	5.5%, 05/01/35	11,021M		10,947,802	GNMA 506805
				FNMA 835752				6.5%, 06/15/29	295M		306,136
15-Year:				5%, 08/01/35	5,371M		5,182,066
FNMA 346879				FNMA 888124				GNMA 606242	1,168M		1,188,853
7%, 05/01/11	24M		25,494	5%, 09/01/35	10,314M		9,985,818	6%, 04/15/34			1,494,989
FNMA 255547				FNMA 844797
4.5%, 01/01/20	1,216M		1,196,009	4.5%, 10/01/35	5,289M		4,928,411	Total Government National
FNMA 357923				FNMA 735997				Mortgage Corporation			2,409,976
5%, 08/01/20	1,198M		1,194,323	5.5%, 11/01/35	16,971M		16,817,286	Total U.S. Government
			2,415,826	FNMA 745355				Obligations
20-Year:				5%, 03/01/36	21,417M		20,662,176	(Cost $496,587,363)			496,186,559
FNMA 252206				FNMA 869505				Corporate Short-Term Notes			1.0%
6%, 01/01/19	39M		40,479	5.5%, 03/01/36	1,451M		1,435,460	BMW U.S. Capital
FNMA 573745				FNMA 745418				2.05%, 09/02/08	2,400M		2,399,863
6.5%, 08/01/20	98M		102,611	5.5%, 04/01/36	1,546M		1,532,315	General Electric Capital
FNMA 758564				FNMA 872474				2.03%, 09/02/08	2,500M		2,499,859
6%, 09/01/24	803M		819,427	6%, 05/01/36	12,079M		12,215,275	Total Corporate
			962,517	FNMA 867481				Short-Term Notes
25-Year:				6%, 07/01/36	1,625M		1,643,286	(Cost $4,899,722)			4,899,722
				FNMA 894356				Total Investments 103.9%
FNMA 251808				5 .5%, 10/01/36	13,620M		13,477,795	(Cost $501,487,085)†			501,086,281
10%, 04/01/18	19M		20,793
FNMA 257237				FNMA 888129				Excess of Liabilities
4.5%, 06/01/28	5,633M		5,312,917	5.5%, 02/01/37	3,825M		3,784,672	Over Other
			5,333,710	FNMA 952835				Assets (3.9)%			(18,688,329)
				5.873%, 09/01/37	566M		576,104
30-Year:				FNMA 969831				Net Assets 100.0%		$	482,397,952
FNMA 002109				4.5%, 02/01/38	15,175M		14,094,315
9.25%, 10/01/09	4M		4,564	FNMA 969675
FNMA 426830				6%, 02/01/38	21,209M		21,438,757	† Cost for federal income tax purposes is
8%, 11/01/24	27M		29,675	FNMA 909176				$501,487,085. At August 31, 2008 unrealized
FNMA 682078				6%, 04/01/38	5,972M		6,036,687	depreciation for federal income tax purposes
5.5%, 11/01/32	4,019M		3,995,598	FNMA 981322				aggregated $400,804 of which $2,918,623
FNMA 734830				6%, 06/01/38	14,971M		15,132,680	related to appreciated securities and
4.5%, 08/01/33	14,424M		13,499,925					$3,319,427 related to depreciated securities.
FNMA 731291
5%, 08/01/33	7,106M		6,879,778
FNMA 762872
4.5%, 10/01/33	10,305M		9,645,298
The accompanying notes are an integral part of the financial statements.

lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll
Sentinel Growth Leaders Fund
Fund Profile
at August 31, 2008 (Unaudited)
Top Sectors
Sector	Percent of Net Assets	Sector	Percent of Net Assets
Materials	19.9%	Consumer Staples	5.6%
Information Technology	18.6%	Consumer Discretionary	5.4%
Industrials	13.3%	Financials	3.1%
Energy	12.0%	Telecommunication Services	2.2%
Health Care	5.8%
Top 10 Holdings*
Description	Percent of Net Assets	Description	Percent of Net Assets
Int'l. Business Machines Corp.	3.9%	Kansas City Southern	3.3%
Praxair, Inc.	3.8%	Nucor Corp.	3.2%
Peabody Energy Corp.	3.6%	Ansys, Inc.	3.1%
Bunge Ltd.	3.5%	BlackRock, Inc.	3.1%
SPDR Gold Trust	3.5%	Total of Net Assets	34.3%
Emerson Electric Co.	3.3%
*"Top 10 Holdings" excludes any short-term investments and money market funds. Portfolio composition and holdings are subject to change. More complete
holdings follow.

Investment in Securities
at August 31, 2008 (Unaudited)
	Shares		Value		Shares		Value		Shares		Value
			(Note 2)				(Note 2)				(Note 2)
Common Stocks	85.9%			Emerson Electric Co.	20,000	$	936,000	SPDR Gold Trust *	12,000	$	980,520
Consumer Discretionary 5.4%				General Dynamics Corp.	7,000		646,100				5,630,118
McDonald's Corp.	14,000	$	868,700	Jacobs Engineering				Telecommunication Services 2.2%
Tiffany & Co.	15,000		662,550	Group, Inc. *	8,000		590,560	Verizon Communications,
			1,531,250	Kansas City Southern *	18,000		925,740	Inc.	18,000		632,160
Consumer Staples  5.6%							3,765,832	Total Common Stocks
Bunge Ltd.	11,000		982,960	Information Technology  18.6%				(Cost $22,669,333)			24,323,851
PepsiCo, Inc.	2,500		171,200	Ansys, Inc. *	20,000		887,000		Principal
Wal-Mart de Mexico SAB				Apple, Inc. *	4,000		678,120		Amount
de CV ADR	12,234		446,541	Autodesk, Inc. *	21,000		746,130		(M=$1,000)
			1,600,701	Cisco Systems, Inc. *	25,000		601,250	Corporate Short-Term Notes			9.5%
Energy 12.0%				Corning, Inc.	35,000		718,900	American Express Credit
Peabody Energy Corp.	16,200		1,019,790	EMC Corp. *	35,000		534,800	2.05%, 09/03/08	1,000M		999,886
								General Electric Co.
Schlumberger Ltd.	9,000		847,980	Int'l. Business Machines				2.1%, 09/08/08	1,200M		1,199,510
Transocean, Inc. *	6,000		763,200	Corp.	9,000		1,095,570	Toyota Motor Credit
Weatherford Int'l. Ltd. *	20,000		771,600				5,261,770	2.03%, 09/03/08	500M		499,944
			3,402,570	Materials 19.9%				Total Corporate
Financials 3.1%				Commercial Metals Co.	31,600		822,548	Short-Term Notes
BlackRock, Inc.	4,000		869,000	Freeport-McMoRan				(Cost $2,699,340)			2,699,340
Health Care 5.8%				Copper & Gold, Inc.	6,000		535,920	Total Investments 95.4%
Gilead Sciences, Inc. *	15,000		790,200	Monsanto Co.	7,000		799,750	(Cost $25,368,673)†			27,023,191
				Nucor Corp.	17,000		892,500	Other Assets in
Roche Holding AG ADR	10,000		840,250					Excess of
			1,630,450	Potash Corp. of				Liabilities 4.6%			1,290,883
Industrials 13.3%				Saskatchewan, Inc.	3,000		520,800
Donaldson Co., Inc.	15,200		667,432	Praxair, Inc.	12,000		1,078,080	Net Assets 100.0%		$	28,314,074

The accompanying notes are an integral part of the financial statements.

lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll

Sentinel Growth Leaders Fund

* Non-income producing
† Cost for federal income tax purposes is
$25,368,673. At August 31, 2008 unrealized
appreciation for federal income tax purposes
aggregated $1,654,518 of which $2,803,292
related to appreciated securities and
$1,148,774 related to depreciated securities.
ADR - American Depository Receipt
SPDR - Standard & Poor's Depository Receipts

lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll
Sentinel High Yield Bond Fund
Fund Profile
at August 31, 2008 (Unaudited)
Portfolio Weightings
Asset Category		Percent of Net Assets
Bonds			80.6%
U.S. Government Obligations			8.7%
Corporate Loans			4.6%
Limited Partnership			0.2%
Cash and Other			5.9%
Top 10 Holdings*
		Maturity	Percent of			Maturity	Percent of
Description	Coupon	Date	Net Assets	Description	Coupon	Date	Net Assets
First Data Corp.		12/24/14	2.7%	HCA, Inc.	9.25%	11/15/16	1.6%
Smithfield Foods, Inc.	8.00%	10/15/09	2.0%	Ford Motor Credit Co.	9.875%	08/10/11	1.6%
Universal Foods Corp.	6.50%	04/01/09	2.0%	Marquee Holdings, Inc.	9.505%	08/15/09	1.6%
NRG Energy, Inc.	7.375%	02/01/16	2.0%	Mosaic Co.	7.875%	12/01/16	1.6%
Kellwood Co.	7.875%	07/15/09	1.9%	Total of Net Assets			18.8%
Texas Competitive Electric Co. LLC		08/24/14	1.8%
Average Effective Duration		(for all Fixed Income Holdings) 3.6 years**
*"Top 10 Holdings" excludes any short-term investments and money market funds. Portfolio composition and holdings are subject to change. More complete
holdings below.
**The average effective duration considers the call and put date of a security and the pre-payment risk of mortgage-backed bonds to measure the sensitivity of
the Fund's price due to changes in interest rates.

Investment in Securities
at August 31, 2008 (Unaudited)
	Principal				Principal				Principal
	Amount		Value		Amount		Value		Amount		Value
	(M=$1,000)		(Note 2)		(M=$1,000)		(Note 2)		(M=$1,000)		(Note 2)
U.S. Government Obligations			8.7%	Verso Paper Holdings LLC				Ford Motor Co.
Federal Home Loan Bank 8.7%				9.125%, 08/01/14	500M	$	472,500	7.45%, 07/16/31	250M	$	130,000
Agency Discount Notes:							4,147,283	Ford Motor Credit Co.
2.1%, 09/02/08	2,500M	$	2,499,854	Capital Goods 7.6%				9.875%, 08/10/11	1,000M		821,387
2.18%, 09/08/08	1,900M		1,899,195	Berry Plastics Holding Corp.				Ford Motor Credit Co. LLC
Total U.S. Government				8.875%, 09/15/14	500M		417,500	8%, 12/15/16	250M		180,378
Obligations				DRS Technologies, Inc.				General Motors Corp.
(Cost $4,399,049)			4,399,049	7.625%, 02/01/18	500M		528,750	7.7%, 04/15/16	1,000M		507,500
				Esco Corp.				GMAC LLC
Bonds 80.6%				8.625%, 12/15/13 (b)	500M		505,000	6.75%, 12/01/14	750M		407,665
Basic Industry 8.2%				Graham Packaging Co., Inc.				8%, 11/01/31	250M		135,066
Cellu Tissue Holdings, Inc.				9.875%, 10/15/14	500M		441,250	Kellwood Co.
9.75%, 03/15/10	500M		466,250	Hawker Beechcraft				7.875%, 07/15/09	1,000M		975,000
Mosaic Co.				Acquisition Co. LLC				Levi Strauss & Co.
7.875%, 12/01/16 (b)	750M		789,931	9.75%, 04/01/17	250M		246,250	9.75%, 01/15/15	500M		453,125
NewPage Corp.				Hexcel Corp.				Penske Auto Group, Inc.
12%, 05/01/13	500M		470,000	6.75%, 02/01/15	500M		487,500	7.75%, 12/15/16	500M		408,125
Noranda Aluminium				L-3 Communications Corp.				Tenneco, Inc.
Acquisition Corp.				6.375%, 10/15/15	750M		721,875	10.25%, 07/15/13	257M		268,565
6.8275%, 05/15/15	500M		430,000	Rexnord Corp.				TRW Automotive, Inc.
Ryerson, Inc.				11.75%, 08/01/16	500M		488,750	7.25%, 03/15/17 (b)	500M		432,500
10.1756%, 11/01/14 (b)(c)	100M		96,000				3,836,875				5,011,811
Sappi Papier Holding AG				Consumer Cyclical  9.9%				Consumer Non-Cyclical 4.8%
6.75%, 06/15/12 (b)	500M		420,102	American Axle &				Amscan Holdings, Inc.
Universal Foods Corp.				Manufacturing, Inc.				8.75%, 05/01/14	500M		442,500
6.5%, 04/01/09 (d)	1,000M		1,002,500	7.875%, 03/01/17	500M		292,500

The accompanying notes are an integral part of the financial statements.

lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll
Sentinel High Yield Bond Fund
	Principal			Principal					Principal
	Amount		Value		Amount		Value		Amount		Value
(M=$1,000)			(Note 2)	(M=$1,000)			(Note 2)		(M=$1,000)		(Note 2)
Constellation Brands, Inc.				Videotron Ltee				Qwest Communications
7.25%, 09/01/16	500M	$	492,500	6.375%, 12/15/15	800M	$	751,000	Int'l., Inc.
Dole Food Co., Inc.							1,555,251	7.5%, 02/15/14	500M	$	457,500
8.625%, 05/01/09	500M		496,250	Services Cyclical 5.8%				Qwest Corp.
Smithfield Foods, Inc.								7.875%, 09/01/11	500M		498,750
8%, 10/15/09	1,000M		1,007,500	ARAMARK Corp.				Rogers Communications, Inc.
			2,438,750	8.5%, 02/01/15	500M		506,250	7.5%, 03/15/15	575M		612,756
				Cinemark, Inc.				Rogers Wireless, Inc.
Energy 17.2%				0%, 03/15/09 (f)	500M		485,000	6.375%, 03/01/14	350M		355,425
Calfrac Holdings LP				Las Vegas Sands Corp.				Windstream Corp.
7.75%, 02/15/15 (b)	500M		455,000	6.375%, 02/15/15	500M		402,500	8.125%, 08/01/13	500M		497,500
CHC Helicopter Corp.				Marquee Holdings, Inc.							3,998,806
7.375%, 05/01/14	550M		574,750	9.505%, 08/15/09	1,000M		800,000
Chesapeake Energy Corp.				MGM Mirage				Utilities 7.4%
6.875%, 11/15/20	750M		695,625	7.5%, 06/01/16	400M		328,000	Edison Mission Energy
Complete Production				Park Place Entertainment				7.2%, 05/15/19	500M		482,500
Services, Inc.				Corp.				NRG Energy, Inc.
8%, 12/15/16	500M		493,750	7.875%, 03/15/10	500M		428,750	7.375%, 02/01/16	1,000M		990,000
Connacher Oil and Gas Ltd.							2,950,500	PNM Resources, Inc.
10.25%, 12/15/15 (b)	500M		518,750					9.25%, 05/15/15	500M		510,000
El Paso Corp.				Services Non-Cyclical 5.7%				Reliant Energy, Inc.
8.05%, 10/15/30	250M		252,038	Advanced Medical Optics,Inc.				6.75%, 12/15/14	250M		253,125
Energy Partners Ltd.				7.5%, 05/01/17	500M		450,000	7.875%, 06/15/17	750M		727,500
9.75%, 04/15/14	500M		446,250	Bausch & Lomb, Inc.				White Pine Hydro Portf. LLC
				9.875%, 11/01/15 (b)	100M		103,000	7.26%, 07/20/15 (b)(e)	800M		772,346
Nexus Ltd.				Community Health Systems,							3,735,471
10.5%, 03/07/12 (b)(e)	500M		425,000	Inc.				Total Bonds
OPTI Canada, Inc.				8.875%, 07/15/15	500M		507,500	(Cost $43,573,308)			40,769,285
7.875%, 12/15/14	250M		248,437	HCA, Inc.
8.25%, 12/15/14	250M		250,937	9.25%, 11/15/16	800M		825,000	Corporate Loans 4.6%
PetroHawk Energy Corp.				Invacare Corp.
9.125%, 07/15/13	500M		500,000	9.75%, 02/15/15	500M		508,750	Technology 2.7%
Petroplus Finance Ltd.				Universal Hospital Services,				First Data Corp.
7%, 05/01/17 (b)	500M		446,250	Inc.				5.2119%,
PetroProd Ltd.				8.5%, 06/01/15	500M		500,000	12/24/14 (h)	1,352M		1,245,431
8.7881%, 01/12/12 (b)(e)	500M		470,000				2,894,250	5.4463%,
								12/24/14 (h)	96M		88,216
PHI, Inc.				Technology 3.0%				5.5519%,
7.125%, 04/15/13	500M		473,125	First Data Corp.				12/24/14 (h)	41M		37,864
Regency Energy Partners LP				9.875%, 09/24/15 (b)	500M		431,875				1,371,511
8.375%, 12/15/13	737M		755,425	General Cable Corp.				Utilities 1.9%
Sabine Pass LNG LP				5.1663%, 04/01/15 (g)	500M		435,000	Texas Competitive Electric
7.5%, 11/30/16	500M		440,000					Co. LLC
Sonat, Inc.				Sungard Data Systems, Inc.				5.9613%, 08/24/14 (i)	121M		112,868
7%, 02/01/18	760M		723,045	9.125%, 08/15/13	650M		663,000	6.2344%, 08/24/14 (i)	731M		683,885
Williams Partners LP							1,529,875	6.4775%, 08/24/14 (i)	140M		131,234
7.25%, 02/01/17	500M		502,031	Telecommunications  7.9%							927,987
			8,670,413	American Tower Corp.				Total Corporate Loans
Media 3.1%				7%, 10/15/17 (b)	600M		600,000	(Cost $2,427,141)			2,299,498
				Centennial Communications
Interpublic Group of Cos, Inc.				Corp.
6.25%, 11/15/14	250M		214,375	10%, 01/01/13	250M		261,250		Shares
Liberty Media LLC
5.7%, 05/15/13	200M		177,376	Cincinnati Bell, Inc.				Limited Partnerships 0.2%
				8.375%, 01/15/14	500M		475,625
LIN Television Corp.				Citizens Communications Co.				Energy 0.2%
6.5%, 05/15/13	500M		412,500	6.25%, 01/15/13	250M		240,000	Williams Partners LP * (j)
								(Cost $126,642)	4,000		121,360

The accompanying notes are an integral part of the financial statements.

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Sentinel High Yield Bond Fund

	Principal
	Amount		Value
	(M=$1,000)		(Note 2)
Corporate Short-Term Notes			4.0%
Toyota Motor Credit
2.17%, 09/04/08
(Cost $1,999,638)	2,000M $		1,999,638
Total Investments 98.1%
(Cost $52,525,778)†			49,588,830
Other Assets in
Excess of
Liabilities 1.9%			965,888
Net Assets 100.0%		$ 50,554,718
* Non-income producing

• Cost for federal income tax purposes is $52,525,778. At August 31, 2008 unrealized depreciation for federal income tax purposes aggregated $2,936,948 of which $318,077 related to appreciated securities and $3,255,025 related to depreciated securities.

(b)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At August 31, 2008, the market value of rule 144A securities amounted to $6,465,753 or 12.79% of net assets.
(c)	Ryerson, Inc.has a variable interest rate that floats quarterly on the 1st of February, May, Auqust and November. The interest rate is based on the 3-month Libor rate plus 7.375%.
(d)	Fair Valued
(e)	Illiquid securities. These bonds represent private placement investments that Sentinel Mutual funds have made. At August 31, 2008, the market value of the private placement securities amounted to $1,667,346 or 3.3% of net assets.
(f)	Cinemark, Inc.currently pays a 0% coupon, steps up to 9.75% beginning 03/15/2009.
(g)	General Cable Corp.has a variable interest rate that floats quarterly on the 1st of January, April, July, October. The interest rate is based on the 3-month Libor rate plus 2.375%.
(h)	The First Data Corp. is a variable rate security for which the borrower may set the rate at a method tied to the London interbank offer rate. It carries a call option and a first priority lien on the assets of the borrower and subsidiary guarantors. The rate included here is the rate as of August 31, 2008.

(i)	The Texas Competitive Electric Holdings Co. LLC is a variable rate security for which the borrower may set the rate at a method tied to the London interbank offer rate. It carries a call option and a first priority lien on the assets of the borrower and subsidiary guarantors. The rate included here is the rate as of August 31, 2008.
(j)	Return of Capital paid during the fiscal period

The accompanying notes are an integral part of the financial statements.

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Sentinel International Equity Fund
Fund Profile
at August 31, 2008 (Unaudited)
Sector Weightings
Sector	Percent of Net Assets	Sector	Percent of Net Assets
Financials	18.7%	Energy	8.6%
Industrials	12.8%	Telecommunication Services	7.9%
Materials	11.0%	Health Care	6.8%
Information Technology	9.6%	Consumer Discretionary	6.5%
Consumer Staples	9.3%	Utilities	3.9%
Top Geographical Weightings
Country	Percent of Net Assets	Country	Percent of Net Assets
Japan	14.8%	Spain	4.4%
United Kingdom	14.8%	Finland	4.1%
Germany	14.6%	Hong Kong	3.7%
Switzerland	9.7%	Canada	3.3%
France	8.8%	Taiwan	1.8%
Top 10 Holdings*
Description	Percent of Net Assets	Description	Percent of Net Assets
Nestle SA	3.4%	Anglo American PLC	1.8%
Fresenius SE	3.1%	Fortum Oyj	1.8%
Komatsu Ltd.	2.0%	Vodafone Group PLC	1.7%
Standard Chartered PLC	2.0%	China Mobile Ltd.	1.7%
Cheung Kong Holdings Ltd.	2.0%	Total of Net Assets	21.4%
Telefonica SA	1.9%
*"Top 10 Holdings" excludes any short-term investments and money market funds. Portfolio composition and holdings are subject to change. More complete
holdings follow.

Investment in Securities
at August 31, 2008 (Unaudited)
	Shares		Value		Shares		Value		Shares		Value
			(Note 2)				(Note 2)				(Note 2)
Common Stocks	95.1%			Finland 4.1%				BASF AG	35,000	$	2,019,806
Australia 1.1%				Fortum Oyj	90,000	$	3,694,123	Bayer AG	30,000		2,367,898
Sims Group Ltd.	78,000	$	2,286,494	Nokia Corp. ADR	71,000		1,787,070	Deutsche Boerse AG	24,000		2,249,548
Brazil 1.2%				Nokia Oyj	110,000		2,754,113	Deutsche Postbank AG	23,000		1,499,329
Companhia Vale do Rio							8,235,306	Fresenius SE	73,000		6,242,763
Doce ADR	91,000		2,416,050	France 8.8%				MAN AG	18,000		1,757,683
Canada 3.3%				Air Liquide	22,220		2,698,849	Puma AG Rudolf Dassler
Canadian Pacific Railway				AXA SA	65,000		2,073,985	Sport	6,000		1,887,168
Ltd.	48,000		2,916,000	BNP Paribas	18,000		1,614,693	RWE AG	22,000		2,369,344
EnCana Corp.	39,500		2,958,550	Electricite de France	22,000		1,881,533	SAP AG	44,000		2,464,980
Potash Corp. of				Groupe Danone	25,000		1,742,664	SGL Carbon AG *	31,000		1,855,461
Saskatchewan, Inc.	4,500		781,200
			6,655,750	Lafarge SA	18,250		2,201,646	Siemens AG	21,500		2,336,602
China 1.7%				Pernod-Ricard SA	25,000		2,336,994				29,335,742
China Mobile Ltd. ADR	60,000		3,403,200	Total SA ADR	45,000		3,234,600	Hong Kong 3.7%
							17,784,964	Cheung Kong Holdings
Denmark 1.0%								Ltd.	285,000		4,050,977
Novo Nordisk A/S ADR	35,000		1,944,600	Germany 14.5%				HSBC Holdings PLC	121,700		1,914,592
				Allianz SE ADR	137,000		2,285,160

The accompanying notes are an integral part of the financial statements.

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Sentinel International Equity Fund
											Principal
	Shares		Value		Shares		Value				Amount		Value
			(Note 2)				(Note 2)				(M=$1,000)		(Note 2)
Li & Fung Ltd.	150,000	$	456,117	Spain 4.4%				Corporate Short-Term Notes					2.0%
Shun TAK Holdings Ltd.	1,850,000		1,076,741	Banco Santander SA ADR	150,000	$	2,547,000	Amex
			7,498,427	Inditex SA	50,000		2,325,340			2.05%, 09/02/08
										(Cost $3,999,772)	4,000M	$	3,999,772
India 1.5%				Telefonica SA ADR	53,000		3,925,710	Total Investments 99.7%
Bharti Airtel Ltd. *	75,000		1,418,216				8,798,050			(Cost $187,604,429)†			201,032,909
ICICI Bank Ltd. ADR	53,000		1,644,060	Switzerland 9.7%				Other Assets in
			3,062,276	ABB Ltd.	100,000		2,452,773			Excess of
Israel 1.2%				Credit Suisse Group	26,000		1,205,950			Liabilities 0.3%			576,310
Nice Systems Ltd. ADR *	80,000		2,450,400	Julius Baer Holding AG	34,000		2,069,083	Net Assets 100.0%				$	201,609,219
Japan 14.8%				Nestle SA	157,000		6,917,360
Canon, Inc.	66,000		2,959,688	Novartis AG	45,000		2,506,884	*		Non-income producing
East Japan Railway Co.	310		2,465,761	Roche Holding AG	16,500		2,776,594	†		Cost for federal income tax purposes is
Fanuc Ltd.	24,000		1,785,562	Swatch Group AG	7,000		1,645,212			$187,604,429. At August 31, 2008 unrealized
Jupiter							19,573,856			appreciation for federal income tax purposes
Telecommunications Co				Taiwan 1.8%						aggregated $13,428,480 of which
Ltd.	2,900		2,201,253	Chunghwa Telecom Co						$28,819,133 related to appreciated securities
Komatsu Ltd.	195,000		4,081,252	Ltd. ADR	70,000		1,731,800			and $15,390,653 related to depreciated
Mitsubishi Corp.	67,000		1,840,428	HON HAI Precision						securities.
Mitsui Fudosan Co Ltd.	100,000		2,083,924	Industry Co Ltd.	386,000		1,936,382	ADR	-	American Depository Receipt
Nidec Corp.	10,000		672,178				3,668,182
Nintendo Co Ltd.	4,700		2,206,462	United Kingdom 14.8%
Nomura Holdings, Inc.	150,000		1,989,235	Anglo American PLC	70,000		3,720,902
Sumitomo Mitsui				BAE Systems PLC	370,000		3,229,217
Financial Group, Inc.	380		2,300,604	BG Group PLC	135,000		2,994,482
Toyota Motor Corp.	52,000		2,320,156	BP PLC	325,000		3,123,764
Uni-Charm Corp.	39,000		2,901,397	Diageo PLC	59,300		1,095,208
			29,807,900	Johnson Matthey PLC	67,000		1,982,547
Mexico 1.1%				Royal Bank of Scotland
America Movil SA de CV				Group PLC	370,555		1,575,999
ADR	41,500		2,132,270	Standard Chartered PLC	150,000		4,056,547
Netherlands 1.5%				Tesco PLC	340,000		2,356,667
ING Groep NV *	49,000		1,526,563	Vodafone Group PLC	1,337,152		3,417,151
Unilever NV *	55,000		1,517,606	WPP Group PLC	230,000		2,238,689
			3,044,169				29,791,173
Norway 1.3%				Total Common Stocks
Acergy SA	90,000		1,548,508	(Cost $178,153,473)			191,724,267
StatoilHydro ASA	20,000		613,509	Institutional Funds	0.6%
StatoilHydro ASA ADR	15,000		459,450	iShares MSCI Australia
			2,621,467	Index Fund
				(Cost $1,451,864)	55,000		1,309,550
Russia 1.1%
Gazprom OAO ADR	55,000		2,140,097		Principal
					Amount
Singapore 1.5%					(M=$1,000)
Singapore Technologies
Engineering Ltd.	1,500,000		2,963,071	U.S. Government Obligations			2.0%
				Federal Home Loan Bank 2.0%
South Korea 1.0%				Agency Discount Notes:
Samsung Electronics Co				2.04%, 09/04/08
Ltd.	4,500		2,110,823	(Cost $3,999,320)	4,000M		3,999,320

The accompanying notes are an integral part of the financial statements.

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Sentinel Mid Cap Growth Fund
Fund Profile
at August 31, 2008 (Unaudited)
Top Sectors
Sector	Percent of Net Assets	Sector	Percent of Net Assets
Information Technology	21.8%	Financials	5.2%
Consumer Discretionary	17.4%	Materials	4.4%
Industrials	17.0%	Consumer Staples	3.7%
Energy	13.9%	Telecommunication Services	2.2%
Health Care	12.7%	Utilities	1.1%
Top 10 Holdings*
Description	Percent of Net Assets	Description	Percent of Net Assets
Varian Medical Systems, Inc.	1.7%	Gen-Probe, Inc.	1.6%
Strayer Education, Inc.	1.7%	Covance, Inc.	1.6%
Agrium, Inc.	1.6%	IHS, Inc.	1.5%
Amphenol Corp.	1.6%	Altera Corp.	1.5%
Activision Blizzard, Inc.	1.6%	Total of Net Assets	16.0%
St. Jude Medical, Inc.	1.6%
*"Top 10 Holdings" excludes any short-term investments and money market funds. Portfolio composition and holdings are subject to change. More complete
holdings follow.

Investment in Securities
at August 31, 2008 (Unaudited)
	Shares		Value		Shares		Value		Shares		Value
			(Note 2)				(Note 2)				(Note 2)
Common Stocks 99.4%				Energy 13.9%				Health Care 12.7%
Consumer Discretionary  17.4%				Cameron Int'l. Corp. *	40,500	$	1,886,895	BioMarin
Abercrombie & Fitch Co.	20,500	$	1,075,225	Consol Energy, Inc.	16,500		1,117,215	Pharmaceuticals, Inc. *	55,000	$	1,657,700
Bed Bath & Beyond, Inc. *	66,500		2,038,890	Continental Resources,				Covance, Inc. *	24,000		2,264,160
Burger King Holdings, Inc.	63,500		1,576,070	Inc. *	28,500		1,429,845	Dentsply Int'l., Inc.	48,000		1,881,120
Cablevision Systems				Dril-Quip, Inc. *	26,500		1,457,765	Express Scripts, Inc. *	25,000		1,835,250
Corp.	46,000		1,484,420	IHS, Inc. *	35,000		2,245,600	Gen-Probe, Inc. *	38,000		2,270,500
Coach, Inc. *	54,000		1,565,460	Nabors Industries Ltd. *	38,500		1,370,600	Invitrogen Corp. *	43,000		1,825,780
Darden Restaurants, Inc.	47,000		1,376,630	PetroHawk Energy Corp. *	51,000		1,765,110	NuVasive, Inc. *	40,000		1,906,400
Dick's Sporting Goods,				Range Resources Corp.	41,000		1,903,220	St. Jude Medical, Inc. *	50,200		2,300,666
Inc. *	83,500		1,911,315	SandRidge Energy, Inc. *	25,200		882,000	Varian Medical Systems,
Dollar Tree, Inc. *	54,500		2,090,620	Smith Int'l., Inc.	20,000		1,394,000	Inc. *	40,000		2,526,400
GameStop Corp. *	31,000		1,359,970	Southwestern Energy							18,467,976
Marriott Int'l., Inc.	65,300		1,842,113	Co. *	44,000		1,688,280	Industrials 17.0%
Nordstrom, Inc.	48,500		1,508,350	Transocean, Inc. *	10,100		1,284,720	Agco Corp. *	32,500		2,002,975
Penn National Gaming,				Weatherford Int'l. Ltd. *	43,400		1,674,372	Ametek, Inc.	34,500		1,674,630
Inc. *	48,000		1,623,360				20,099,622	BE Aerospace, Inc. *	62,500		1,496,875
Strayer Education, Inc.	11,900		2,497,096	Financials 5.2%				Bucyrus Int'l., Inc.	24,500		1,711,325
Tiffany & Co.	35,500		1,568,035	Affiliated Managers				Con-way, Inc.	19,000		932,900
VF Corp.	22,500		1,783,125	Group, Inc. *	18,400		1,752,048	Corrections Corp of
			25,300,679	IntercontinentalExchange,				America *	59,200		1,574,720
Consumer Staples 3.7%				Inc. *	12,800		1,126,784	DryShips, Inc.	22,500		1,652,400
HJ Heinz Co.	37,000		1,861,840	Invesco Ltd.	66,500		1,704,395	First Solar, Inc. *	6,000		1,659,900
McCormick & Co., Inc.	45,000		1,820,250	MSCI, Inc. *	44,300		1,322,355	JA Solar Holdings Co Ltd.
UST, Inc.	30,000		1,607,700	T Rowe Price Group, Inc.	27,500		1,632,400	ADR *	87,500		1,560,125
			5,289,790				7,537,982

The accompanying notes are an integral part of the financial statements.

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Sentinel Mid Cap Growth Fund

						Principal
	Shares		Value			Amount		Value
			(Note 2)			(M=$1,000)		(Note 2)
Jacobs Engineering				Corporate Short-Term Notes				0.7%
Group, Inc. *	25,500	$	1,882,410	Prudential Fund
Polypore Int'l. Inc *	61,000		1,673,230	2.01%, 09/03/08
Precision Castparts Corp.	15,000		1,548,900	(Cost $999,888)		1,000M	$	999,888
				Total Investments 100.1%
Republic Services, Inc.	50,000		1,643,500	(Cost $119,418,689)†				145,278,361
Ritchie Bros Auctioneers,				Excess of Liabilities
Inc.	67,000		1,772,820	Over Other
Stericycle, Inc. *	32,500		1,927,250	Assets (0.1)%				(170,386)
			24,713,960	Net Assets 100.0%			$	145,107,975
Information Technology  21.8%
Activision Blizzard, Inc. *	71,000		2,330,220
Altera Corp.	95,500		2,162,120	*	Non-income producing
Amphenol Corp.	49,600		2,356,992	†	Cost for federal income tax purposes is
Ansys, Inc. *	35,000		1,552,250		$119,418,689. At August 31, 2008 unrealized
					appreciation for federal income tax purposes
Autodesk, Inc. *	45,500		1,616,615		aggregated $25,859,672 of which
Broadcom Corp. *	86,600		2,083,596		$28,924,485 related to appreciated securities
Cognizant Technology					and $3,064,813 related to depreciated
Solutions Corp. *	70,400		2,064,128		securities.
Cypress Semiconductor				ADR	- American Depository Receipt
Corp. *	63,000		2,042,460
Dolby Laboratories, Inc. *	48,000		1,953,600
Equinix, Inc. *	26,000		2,093,000
Intersil Corp.	75,500		1,768,965
McAfee, Inc. *	47,000		1,859,320
MEMC Electronic
Materials, Inc. *	43,000		2,110,870
Nuance Communications,
Inc. *	98,000		1,548,400
Research In Motion Ltd. *	16,300		1,982,080
Trimble Navigation Ltd. *	62,200		2,105,470
			31,630,086
Materials 4.4%
Agrium, Inc.	28,000		2,360,400
Freeport-McMoRan
Copper & Gold, Inc.	12,500		1,116,500
Praxair, Inc.	19,500		1,751,880
Steel Dynamics, Inc.	47,200		1,171,976
			6,400,756
Telecommunication Services 2.2%
MetroPCS
Communications, Inc. *	68,500		1,155,595
NII Holdings, Inc. *	39,500		2,074,540
			3,230,135
Utilities 1.1%
ITC Holdings Corp.	28,700		1,607,487
Total Common Stocks
(Cost $118,418,801)			144,278,473

The accompanying notes are an integral part of the financial statements.

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Sentinel Mid Cap Value Fund
Fund Profile
at August 31, 2008 (Unaudited)
Top Sectors
Sector	Percent of Net Assets	Sector	Percent of Net Assets
Energy	19.3%	Health Care	6.5%
Industrials	14.8%	Information Technology	5.4%
Consumer Discretionary	9.7%	Telecommunication Services	3.6%
Financials	9.4%	Consumer Staple	2.9%
Utilities	7.2%
Materials	6.6%
Top 10 Holdings*
Description	Percent of Net Assets	Description	Percent of Net Assets
Delta Petroleum Corp.	6.7%	NeuStar, Inc.	3.8%
Golar LNG Ltd.	6.3%	News Corp.	3.7%
Willis Group Holdings Ltd.	5.1%	Alaska Communications Systems Group, Inc.	3.6%
Lions Gate Entertainment Corp.	4.6%	Calpine Corp.	3.4%
Ingersoll-Rand Co. Ltd.	4.1%	Total of Net Assets	45.3%
Arch Capital Group Ltd.	4.0%
*"Top 10 Holdings" excludes any short-term investments and money market funds. Portfolio composition and holdings are subject to change. More complete
holdings follow.

Investment in Securities
at August 31, 2008 (Unaudited)
	Shares		Value		Shares		Value		Shares		Value
			(Note 2)				(Note 2)				(Note 2)
Common Stocks 83.6%				Financials 9.4%				WESCO Int'l., Inc. *	26,500	$	1,018,660
Consumer Discretionary 9.7%				Arch Capital Group Ltd. *	112,700	$	7,861,952				27,421,276
Eastman Kodak Co.	134,800	$	2,182,412	Deerfield Capital				Information Technology 5.4%
Lions Gate Entertainment				Corp. * (b)	8,115		6,898	NeuStar, Inc. *	314,100		7,541,541
Corp. *	891,800		8,971,508	Unum Group	27,700		703,857	Xerox Corp.	211,600		2,947,588
News Corp.	506,800		7,176,288	Willis Group Holdings Ltd.	288,400		9,926,728				10,489,129
Source Interlink Cos.,							18,499,435
Inc. *	122,200		152,750					Materials 6.6%
				Health Care 6.5%				Denison Mines Corp. *	967,100		5,512,470
Triarc Cos., Inc.	77,000		448,910	Health Net, Inc. *	84,800		2,344,720	Int'l. Flavors &
			18,931,868	Hospira, Inc. *	31,100		1,255,196	Fragrances, Inc.	139,100		5,593,211
Consumer Staples 1.9%				Laboratory Corp of				Nova Chemicals Corp.	62,500		1,799,375
Bunge Ltd.	8,100		723,816	America Holdings *	22,700		1,660,505				12,905,056
Coca-Cola Enterprises,				Quest Diagnostics, Inc.	58,000		3,134,900	Telecommunication Services 3.6%
Inc.	172,600		2,946,282	Thermo Fisher Scientific,				Alaska Communications
			3,670,098	Inc. *	73,300		4,439,048	Systems Group, Inc.	669,400		7,042,088
Energy 19.3%							12,834,369	Utilities 7.2%
Delta Petroleum Corp. *	733,600		13,175,456	Industrials 14.0%				Calpine Corp. *	367,500		6,615,000
Golar LNG Ltd.	764,100		12,256,164	Aegean Marine Petroleum				Constellation Energy
Gulfmark Offshore, Inc. *	62,900		3,151,290	Network, Inc.	131,900		4,098,133	Group, Inc.	37,500		2,501,625
Newpark Resources *	387,100		3,321,318	Discovery Holding Co. *	270,800		5,478,284	Mirant Corp. *	114,900		3,398,742
Paladin Energy Ltd. *	424,200		2,135,847	Goodrich Corp.	19,800		1,014,750	SCANA Corp.	39,700		1,556,240
Rowan Cos., Inc.	84,500		3,121,430	Horizon Lines, Inc.	162,300		2,106,654				14,071,607
SEACOR Holdings, Inc. *	8,600		758,090	Ingersoll-Rand Co. Ltd.	220,200		8,131,986	Total Common Stocks
			37,919,595	Keppel Corp. Ltd. ADR *	398,200		5,572,809	(Cost $159,371,137)			163,784,521

The accompanying notes are an integral part of the financial statements.

lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll
Sentinel Mid Cap Value Fund
		Shares		Value
				(Note 2)
Foreign Stocks 3.7%
Norway 3.7%
Marine Harvest *		8,226,800	$	5,730,046
Stolt-Nielsen SA		2,800		49,654
Wilh Wilhelmsen ASA		48,450		1,515,414
Total Foreign Stocks
(Cost $7,389,671)				7,295,114
		Principal
		Amount
		(M=$1,000)
Corporate Short-Term Notes  7.9%
Chevron Oil Finance Co.
2.15%, 10/10/08		500M		498,835
Hewlett Packard
2.3%, 09/08/08		4,000M		3,998,211
Toyota Motor Credit
2.16%, 09/04/08		5,000M		4,999,100
UBS Finance Inc.
2%, 09/02/08		6,000M		5,999,667
Total Corporate
Short-Term Notes
(Cost $15,495,813)				15,495,813
U.S. Government Obligations				4.1%
Federal Home Loan Bank 4.1%
Agency Discount Notes:
2.15%, 09/11/08
(Cost $7,995,222)		8,000M		7,995,222
Total Investments 99.3%
(Cost $190,251,843)†				194,570,670
Other Assets in
Excess of
Liabilities 0.7%				1,382,159
Net Assets 100.0%				$ 195,952,829
*	Non-income producing
†	Cost for federal income tax purposes is
	$190,251,843. At August 31, 2008 unrealized
	appreciation for federal income tax purposes
	aggregated $4,318,827 of which $15,304,734
	related to appreciated securities and
	$10,985,907 related to depreciated securities.
(b)	Real Estate Investment Trusts
ADR	- American Depository Receipt

The accompanying notes are an integral part of the financial statements.

lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll
Sentinel Short Maturity Government Fund
Fund Profile
at August 31, 2008 (Unaudited)
Average Effective Duration
			Percent of				Percent of
Duration		Fixed Income Holdings		Duration		Fixed Income Holdings
Less than 1 yr.			19.6%	4 yrs. to 5.99 yrs.			1.1%
1 yr. to 2.99 yrs.			66.6%
3 yrs. to 3.99 yrs.			12.7%
Average Effective Duration (for all Fixed Income Holdings) 1.8 years**
Top 10 Holdings*
		Maturity	Percent of			Maturity	Percent of
Description	Coupon	Date	Net Assets	Description	Coupon	Date	Net Assets
FHRR R005 AB	5.50%	12/15/18	12.2%	FNR 06-93 PK	5.50%	04/25/36	4.1%
FHR 2388 BG	6.50%	12/15/31	7.2%	FHR 3176 HA	6.00%	02/15/28	4.0%
FHRR R004 AL	5.125%	12/15/13	5.8%	FHRR R006 AK	5.75%	12/15/18	3.8%
FHR 2495 VB	6.00%	09/15/17	5.8%	FHR 2953 PC	5.50%	08/15/29	3.7%
GNR 02-41 TE	6.00%	07/16/31	5.5%	Total of Net Assets			57.1%
FHR 2435 HL	6.50%	09/15/31	5.0%
*"Top 10 Holdings" excludes any short-term investments and money market funds. Portfolio composition and holdings are subject to change. More complete
holdings below.
**The average effective duration considers the call and put date of a security and the pre-payment risk of mortgage-backed bonds to measure the sensitivity of
the Fund's price due to changes in interest rates.

Investment in Securities
at August 31, 2008 (Unaudited)
	Principal				Principal				Principal
	Amount		Value		Amount		Value		Amount		Value
	(M=$1,000)		(Note 2)		(M=$1,000)		(Note 2)		(M=$1,000)		(Note 2)
U.S. Government Obligations			99.0%	FHR 2978 CK				FHLMC M30121
U.S. Government Agency				5.5%, 06/15/28	4,600M	$	4,699,322	5.5%, 05/01/11	80M	$	81,292
Obligations 99.0%				FHR 2953 PC				FHLMC E00436
Federal Home Loan Mortgage				5.5%, 08/15/29	6,434M		6,573,179	7%, 06/01/11	18M		18,336
Corporation 67.1%				FHR 2435 HL				FHLMC E64484
Collateralized Mortgage Obligations:				6.5%, 09/15/31	8,618M		8,969,153	7%, 06/01/11	2M		1,854
FHR 2835 VK				FHR 2388 BG				FHLMC M30123
5.5%, 11/15/12	978M	$	996,647	6.5%, 12/15/31	12,328M		12,772,493	6.5%, 07/01/11	45M		46,657
FHRR R004 AL							105,302,131	FHLMC E85491
5.125%, 12/15/13	10,207M		10,328,180	Mortgage-Backed Securities:				6.5%, 09/01/11	90M		92,433
FHRR R007 AC				10-Year:				FHLMC F70014
5.875%, 05/15/16	4,739M		4,848,789					7.5%, 09/01/11	93M		96,149
FHR 2353 TD				FHLMC E89015				FHLMC E72904
6%, 09/15/16	233M		242,390	6.5%, 04/01/12	329M		341,566	8%, 11/01/11	14M		15,075
FHR 2495 VB				15-Year:				FHLMC F70015
6%, 09/15/17	10,000M		10,309,667	FHLMC E00292				8%, 12/01/11	35M		36,209
FHRR R005 AB				6.5%, 04/01/09	4M		3,551	FHLMC G10654
5.5%, 12/15/18	21,459M		21,744,697	FHLMC G10330				7%, 02/01/12	171M		178,457
FHRR R006 AK				7%, 01/01/10	17M		17,536	FHLMC G10705
5.75%, 12/15/18	6,654M		6,796,513	FHLMC E61405				6.5%, 08/01/12	230M		238,217
FHR 2492 PE				7%, 08/01/10	6M		5,840	FHLMC G11228
6%, 01/15/22	5,713M		5,819,449	FHLMC E62686				6.5%, 12/01/12	41M		43,181
FHR 3165 JA				7%, 01/01/11	53M		54,681	FHLMC E94628
5.5%, 04/15/26	4,068M		4,143,512	FHLMC E00422				5%, 02/01/13	827M		840,867
FHR 3176 HA				7%, 03/01/11	34M		35,505	FHLMC E72131
6%, 02/15/28	6,907M		7,058,140	FHLMC M30120				6.5%, 08/01/13	169M		175,337
				5.5%, 05/01/11	46M		46,866

The accompanying notes are an integral part of the financial statements.

lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll

Sentinel Short Maturity Government Fund

	Principal				Principal				Principal
	Amount		Value		Amount		Value		Amount		Value
	(M=$1,000)		(Note 2)		(M=$1,000)		(Note 2)		(M=$1,000)		(Note 2)
FHLMC G11135				Mortgage-Backed Securities:				FNMA 250441
6.5%, 08/01/13	163M	$	168,593	10-Year:				6.5%, 12/01/10	29M	$	29,793
FHLMC E72178				FNMA 516230				FNMA 303902
6.5%, 09/01/13	94M		97,242	8%, 08/01/09	20M	$	20,050	7%, 05/01/11	18M		18,187
FHLMC G10965				FNMA 253329				FNMA 303943
7.5%, 10/01/14	44M		46,081	7.5%, 05/01/10	61M		62,828	6.5%, 06/01/11	87M		90,747
FHLMC E82128				FNMA 253362				FNMA 250613
7%, 03/01/15	59M		60,599	7.5%, 05/01/10	62M		63,782	6.5%, 07/01/11	46M		47,940
FHLMC E00843				FNMA 253472				FNMA 250781
8%, 04/01/15	20M		21,413	7.5%, 09/01/10	93M		95,586	6.5%, 12/01/11	18M		18,859
FHLMC E01009				FNMA 253507				FNMA 367201
6.5%, 08/01/16	753M		786,563	7.5%, 09/01/10	59M		60,921	6.5%, 12/01/11	29M		30,182
FHLMC G11585				FNMA 595730				FNMA 367202
7%, 02/01/17	565M		592,340	6.5%, 09/01/11	43M		44,416	7%, 12/01/11	50M		52,491
FHLMC E88357				FNMA 603547				FNMA 370468
6.5%, 03/01/17	160M		166,082	6.5%, 09/01/11	57M		58,488	7%, 01/01/12	38M		39,330
FHLMC J05907				FNMA 254082				FNMA 576800
6%, 08/01/19	6,322M		6,475,939	5.5%, 10/01/11	93M		94,035	8.5%, 01/01/12	35M		38,197
			10,442,895	FNMA 254076				FNMA 390784
20-Year:				6.5%, 10/01/11	97M		99,528	6%, 05/01/12	58M		60,204
FHLMC C90035				FNMA 254119				FNMA 251300
6.5%, 11/01/13	193M		201,702	5.5%, 11/01/11	128M		130,206	7%, 08/01/12	54M		57,099
FHLMC D94982				FNMA 254113				FNMA 596145
7%, 04/01/16	162M		171,652	6.5%, 11/01/11	83M		85,620	6.5%, 06/01/13	19M		20,300
FHLMC D94230				FNMA 254163				FNMA 433301
7.5%, 10/01/19	268M		290,903	5.5%, 12/01/11	193M		196,128	6.5%, 07/01/13	447M		464,722
			664,257	FNMA 254226				FNMA 512520
				5.5%, 02/01/12	799M		812,588	7%, 07/01/13	153M		155,495
30-Year:				FNMA 633905				FNMA 426453
FHLMC 303073				5.5%, 03/01/12	166M		169,307	5.5%, 10/01/13	217M		220,945
8.5%, 03/01/09	90		90	FNMA 644268				FNMA 446787
FHLMC 160081				5.5%, 04/01/12	50M		51,367	5.5%, 01/01/14	348M		354,591
10.25%, 06/01/09	69		70	FNMA 254399				FNMA 447881
FHLMC 181586				6.5%, 06/01/12	710M		733,946	5.5%, 01/01/14	140M		142,395
8%, 12/01/09	505		509	FNMA 254427				FNMA 496015
FHLMC 555131				6.5%, 07/01/12	1,048M		1,082,455	5.5%, 04/01/14	27M		27,451
8.25%, 12/01/09	316		321	FNMA 254457				FNMA 528088
FHLMC 302609				6.5%, 07/01/12	174M		180,049	5.5%, 05/01/14	157M		160,043
8%, 08/01/17	59M		62,841	FNMA 254698				FNMA 536814
FHLMC G00100				6.5%, 01/01/13	349M		361,014	5.5%, 06/01/14	315M		321,380
8%, 02/01/23	19M		19,952	FNMA 254882				FNMA 576789
FHLMC A17291				5%, 08/01/13	91M		92,227	5.5%, 06/01/14	81M		82,385
6.5%, 11/01/33	2,573M		2,662,665	FNMA 255368				FNMA 768628
			2,746,448	5.5%, 07/01/14	483M		493,246	5.5%, 09/01/15	444M		453,126
Total Federal Home Loan							4,987,787	FNMA 630985
Mortgage Corporation			119,497,297					7%, 09/01/15	357M		374,542
Federal National Mortgage				15-Year:				FNMA 594601
Association 20.1%				FNMA 511846				8.5%, 10/01/15	19M		21,120
				9%, 01/01/10	1M		1,304
Collateralized Mortgage Obligations:								FNMA 619191
FNR 07-77 J				FNMA 321199				6.5%, 12/01/15	496M		515,628
				7%, 09/01/10	13M		13,298
5.5%, 10/25/28	5,443M		5,546,769					FNMA 535631
FNR 05-105 TJ				FNMA 324087				7%, 12/01/15	540M		566,398
				7%, 09/01/10	9M		8,848
5.5%, 12/25/35	1,989M		1,992,406					FNMA 594602
FNR 06-93 PK				FNMA 325432				9%, 01/01/16	16M		17,441
				7%, 09/01/10	21M		21,801
5.5%, 04/25/36	7,188M		7,217,251					FNMA 609148
			14,756,426	FNMA 313758				7%, 02/01/16	2,296M		2,408,410
				7%, 11/01/10	779		782

The accompanying notes are an integral part of the financial statements.

lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll

Sentinel Short Maturity Government Fund

	Principal			Principal		Principal
	Amount	Value		Amount	Value	Amount			Value
	(M=$1,000)	(Note 2)		(M=$1,000)	(Note 2)	(M=$1,000)			(Note 2)
FNMA 535777			FNMA 175123			GNMA 780659
5.5%, 03/01/16	334M $	340,512	7.45%, 08/01/22	141M $	151,415	7.5%, 08/15/12	10M $		10,418
FNMA 663227					785,618	GNMA II 2542
6%, 03/01/16	339M	348,059	Total Federal National			7%, 01/20/13	29M		30,447
FNMA 574598			Mortgage Association		35,754,963	GNMA 462328
6%, 05/01/16	349M	359,172	Government National Mortgage			6.5%, 04/15/13	110M		114,059
FNMA 545298			Corporation  11.8%			GNMA 780759
5.5%, 11/01/16	327M	332,920	Collateralized Mortgage Obligations:			6.5%, 04/15/13	186M		195,214
FNMA 614920			GNR 02-41 TE			GNMA 349029
5.5%, 12/01/16	388M	395,963	6%, 07/16/31	9,474M	9,745,597	7%, 04/15/13	17M		18,513
FNMA 792797			GNR 03-3 LM			GNMA 456869
5.5%, 04/01/17	617M	628,543	5.5%, 02/20/32	3,720M	3,779,262	6.5%, 05/15/13	8M		8,553
FNMA 671380					13,524,859	GNMA 780859
6%, 11/01/17	306M	314,528				7.5%, 09/15/13	12M		12,809
FNMA 679165			Mortgage-Backed Securities:			GNMA 780978
5.5%, 02/01/18	349M	355,889	10-Year:			6.5%, 02/15/14	1,450M		1,517,523
FNMA 725284			GNMA 634538			GNMA 781109
7%, 11/01/18	2,373M	2,492,199	6%, 09/15/14	514M	532,922	7%, 11/15/14	3,297M		3,451,493
FNMA 985670			GNMA 634545			GNMA 489953
6.5%, 10/01/21	2,171M	2,253,718	6.5%, 09/15/14	497M	516,861	6%, 12/15/16	56M		58,022
		14,656,937			1,049,783				5,515,859
20-Year:			15-Year:			20-Year:
FNMA 190659			GNMA 326462			GNMA 248682
7%, 02/01/14	172M	182,734	6.5%, 10/15/08	3M	3,096	9.75%, 06/15/10	4M		4,843
FNMA 190697			GNMA 370871			GNMA 628440
7%, 03/01/14	338M	358,586	6.5%, 10/15/08	1M	1,114	7%, 04/15/24	768M		819,430
FNMA 251716			GNMA 354532						824,273
10.5%, 03/01/18	24M	26,875	6%, 01/15/09	666	679	30-Year:
		568,195	GNMA 780303
			6.5%, 02/15/09	3M	3,344	GNMA 91758
30-Year:			GNMA 345594			10%, 11/15/09	344		357
FNMA 439			6%, 03/15/09	5M	5,013	GNMA 495
9%, 06/01/09	150	151				10%, 02/20/16	473		526
			GNMA 366674
FNMA 10134			6%, 03/15/09	3M	3,310				883
8.75%, 08/01/09	3M	2,687	GNMA 388287			Total Government National
FNMA 366221			6%, 03/15/09	5M	5,000	Mortgage Corporation			20,915,657
9.5%, 03/01/11	9M	9,346	GNMA 355866			Total U.S. Government
FNMA 23			6%, 04/15/09	7M	6,684	Obligations
8.5%, 08/01/11	1M	1,336	GNMA 360238			(Cost $175,236,156)			176,167,917
FNMA 401612
7%, 05/01/12	228	229	6%, 04/15/09	4M	3,889	Corporate Short-Term Notes			1.7%
			GNMA 366773			General Electric Capital
FNMA 124871			6%, 04/15/09	6M	6,374	2.03%, 09/02/08
7%, 05/01/13	153M	160,138	GNMA 371934			(Cost $2,999,831)	3,000M		2,999,831
FNMA 20497			6%, 04/15/09	8M	7,831	Total Investments 100.7%
8.75%, 07/01/13	5M	4,937	GNMA 375876			(Cost $178,235,987)†			179,167,748
FNMA 44046
7.5%, 02/01/14	23	23	6%, 04/15/09	5M	4,803	Excess of Liabilities
FNMA 454727			GNMA 378884			Over Other
10.5%, 01/01/16	25M	27,189	6%, 04/15/09	5M	4,957	Assets (0.7)%			(1,211,589)
			GNMA 385492
FNMA 626664			6%, 04/15/09	3M	2,930	Net Assets 100.0%		$	177,956,159
6%, 04/01/17	282M	289,775	GNMA 391659
FNMA 49584			6.5%, 04/15/09	22M	22,320
8.25%, 09/01/17	43M	45,891	GNMA 780369
FNMA 479421			7%, 09/15/09	5M	5,085
7%, 09/01/21	75M	79,102	GNMA 415068
FNMA 207530			6%, 01/15/11	12M	12,379
8.25%, 04/01/22	12M	13,399

The accompanying notes are an integral part of the financial statements.

lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll

Sentinel Short Maturity Government Fund

• Cost for federal income tax purposes is $178,235,987. At August 31, 2008 unrealized appreciation for federal income tax purposes aggregated $931,761 of which $1,266,740 related to appreciated securities and $334,979 related to depreciated securities.

The accompanying notes are an integral part of the financial statements.

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Sentinel Small Company Fund
Fund Profile
at August 31, 2008 (Unaudited)
Top Sectors
Sector	Percent of Net Assets	Sector	Percent of Net Assets
Information Technology	18.3%	Consumer Staples	5.5%
Industrials	17.9%	Materials	4.6%
Health Care	14.6%	Telecommunication Services	0.8%
Financials	11.7%	Utilities	0.7%
Energy	9.8%
Consumer Discretionary	9.3%
Top 10 Holdings*
Description	Percent of Net Assets	Description	Percent of Net Assets
Tetra Technologies, Inc.	1.8%	Micros Systems, Inc.	1.5%
Quality Systems, Inc.	1.7%	LKQ Corp.	1.5%
Polycom, Inc.	1.7%	Portfolio Recovery Associates, Inc.	1.5%
Chattem, Inc.	1.7%	Rofin-Sinar Technologies, Inc.	1.4%
Ansys, Inc.	1.6%	Total of Net Assets	15.9%
Superior Energy Services, Inc.	1.5%
*"Top 10 Holdings" excludes any short-term investments and money market funds. Portfolio composition and holdings are subject to change. More complete
holdings follow.

Investment in Securities
at August 31, 2008 (Unaudited)
	Shares		Value		Shares		Value		Shares		Value
			(Note 2)				(Note 2)				(Note 2)
Common Stocks 93.2%				Flowers Foods, Inc.	492,000	$	13,008,480	Healthcare Realty Trust,
Consumer Discretionary 9.3%				Hain Celestial Group,				Inc. * (b)(c)	370,000	$	10,607,900
Choice Hotels Int'l., Inc.	455,000	$	12,280,450	Inc. *	480,000		12,475,200	Investment Technology
Dress Barn, Inc. *	905,000		14,715,300				82,961,380	Group, Inc. *	525,000		16,800,000
Gildan Activewear, Inc. *	473,000		11,054,010	Energy 9.8%				Lexington Realty Trust * (c)	955,000		14,239,050
Iconix Brand Group, Inc. *	1,100,000		14,223,000	Arena Resources, Inc. *	195,000		8,710,650	optionsXpress Holdings,
LKQ Corp. *	1,195,000		22,382,350	Comstock Resources,				Inc.	870,000		20,070,900
McCormick & Schmick's				Inc. *	330,000		21,430,200	Portfolio Recovery
Seafood Restaurants,				Core Laboratories NV	175,000		21,724,500	Associates, Inc.	525,000		22,333,500
Inc. *	775,000		7,602,750	Dril-Quip, Inc. *	195,000		10,726,950	Selective Insurance Group	655,000		15,811,700
Men's Wearhouse, Inc.	370,000		8,103,000	NATCO Group, Inc. *	290,130		14,706,690	UCBH Holdings, Inc.	2,480,000		14,508,000
Monarch Casino &				Oil States Int'l., Inc. *	380,000		21,139,400				176,903,400
Resort, Inc. *	540,000		7,230,600	Superior Energy				Health Care 14.6%
Phillips-Van Heusen Corp.	45,700		1,739,342	Services, Inc. *	495,000		23,284,800	American Medical
Sonic Corp. *	715,000		10,360,350	Tetra Technologies, Inc. *	1,225,000		27,121,500	Systems Holdings,
								Inc. *	1,033,400		18,394,520
Tractor Supply Co. *	295,000		12,572,900				148,844,690	Bio-Rad Laboratories,
Wolverine World Wide,				Financials 11.7%				Inc. *	185,000		19,906,000
Inc.	695,000		18,299,350	Delphi Financial Group,				Dionex Corp. *	124,520		8,117,459
			140,563,402	Inc.	485,000		13,012,550	Gen-Probe, Inc. *	255,400		15,260,150
Consumer Staples 5.5%				Endurance Specialty				Haemonetics Corp. *	34,400		2,157,568
Alberto-Culver Co.	325,000		8,502,000	Holdings Ltd.	645,000		21,039,900	HealthExtras, Inc. *	325,000		10,595,000
Casey's General Stores,				Glacier Bancorp, Inc.	515,000		10,979,800
Inc.	355,000		10,295,000	HCC Insurance Holdings,				Idexx Laboratories, Inc. *	245,000		13,793,500
Chattem, Inc. *	360,000		25,243,200	Inc.	695,000		17,500,100	Immucor, Inc. *	365,000		11,756,650
Church & Dwight Co., Inc.	215,000		13,437,500					Integra LifeSciences
								Holdings Corp. *	310,000		15,031,900

The accompanying notes are an integral part of the financial statements.

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Sentinel Small Company Fund

										Principal
	Shares		Value		Shares		Value			Amount		Value
			(Note 2)				(Note 2)			(M=$1,000)		(Note 2)
inVentiv Health, Inc. *	483,900	$	10,679,673	Jack Henry & Associates,				U.S. Government Obligations				2.9%
MedAssets, Inc. *	38,110		677,596	Inc.	540,000	$	10,816,200	U.S. Government Agency
Meridian Bioscience, Inc.	625,000		17,762,500	Micros Systems, Inc. *	730,000		22,498,600	Obligations 2.3%
								Federal Home Loan Bank 2.3%
Psychiatric Solutions,				NeuStar, Inc. *	570,000		13,685,700	Agency Discount Notes:
Inc. *	205,000		7,738,750	Nice Systems Ltd. ADR *	670,000		20,522,100	2.24%, 09/02/08		5,300M	$	5,299,682
Sirona Dental Systems,				Polycom, Inc. *	915,000		25,656,600	2.17%, 09/11/08		11,000M		10,993,370
Inc. *	380,000		10,446,200	Power Integrations, Inc. *	525,000		15,450,750	2.18%, 09/15/08		6,000M		5,994,913
Techne Corp. *	100,000		7,717,000	Progress Software Corp. *	475,000		13,874,750	2.21%, 09/16/08		9,400M		9,391,344
Varian, Inc. *	304,140		15,118,799	Quality Systems, Inc.	600,000		25,692,000	2.24%, 09/23/08		3,100M		3,095,756
Vital Signs, Inc.	238,000		17,576,300	Rofin-Sinar Technologies,				Total U.S. Government
West Pharmaceutical				Inc. *	540,000		21,826,800	Agency Obligations				34,775,065
Services, Inc.	370,000		18,059,700	Supertex, Inc. *	375,000		11,137,500	U.S. Treasury Obligations 0.6%
			220,789,265	Valueclick, Inc. *	825,000		10,634,250	1.295%, 09/04/08		9,000M		8,999,029
Industrials 17.9%							277,488,750	Total U.S. Government
American Reprographics				Materials 4.6%				Obligations
Co. *	835,000		14,787,850					(Cost $43,774,094)				43,774,094
Clarcor, Inc.	275,000		10,980,750	Aptargroup, Inc.	475,000		19,185,250	Total Investments 99.4%
				Carpenter Technology				(Cost $1,363,752,311)†
Consolidated Graphics,				Corp.	390,000		15,135,900					1,505,275,394
Inc. *	315,000		12,244,050					Other Assets in
CRA Int'l., Inc. *	310,000		12,365,900	Flotek Industries, Inc. *	975,000		16,428,750	Excess of
Curtiss-Wright Corp.	280,000		15,083,600	Silgan Holdings, Inc.	375,000		19,627,500	Liabilities 0.6%				8,479,705
Dynamic Materials Corp.	340,000		10,461,800				70,377,400	Net Assets 100.0%			$	1,513,755,099
ESCO Technologies,				Telecommunication Services  0.8%
Inc. *	170,000		8,093,700	Cbeyond, Inc. *	695,000		11,766,350
Forward Air Corp.	380,000		13,410,200	Utilities 0.7%				*	Non-income producing
Healthcare Services				Atmos Energy Corp.	370,000		10,189,800	†	Cost for federal income tax purposes is
Group	985,000		19,187,800	Total Common Stocks					$1,363,752,311. At August 31, 2008
				(Cost $1,268,943,094)			1,410,466,177		unrealized appreciation for federal income tax
Heartland Express, Inc.	945,000		15,611,400						purposes aggregated $141,523,083 of which
Heico Corp.	210,000		6,048,000		Principal				$262,305,998 related to appreciated securities
IDEX Corp.	465,000		17,237,550		Amount				and $120,782,915 related to depreciated
Interline Brands, Inc. *	720,000		11,556,000		(M=$1,000)				securities.
								(b)	Return of Capital paid during the fiscal period
Kaydon Corp.	350,000		19,505,500	Corporate Short-Term Notes			3.3%
				American Express Credit				(c)	Real Estate Investment Trusts
Moog, Inc. *	385,000		18,249,000	2.1%, 09/04/08	3,500M		3,499,388	ADR - American Depository Receipt
Ritchie Bros Auctioneers,				2.38%, 09/15/08	3,570M		3,566,696
Inc.	336,500		8,903,790	Fortis Funding
Rollins, Inc.	685,000		12,172,450	2.465%, 09/19/08	5,000M		4,993,837
Toro Co.	385,000		15,734,950	General Electric Corp.
Wabtec Corp.	195,000		11,518,650	2.15%, 09/19/08	2,700M		2,697,098
Waste Connections, Inc. *	480,000		17,428,800	Hewlett Packard
			270,581,740	2.3%, 09/03/08	4,000M		3,999,489
				Prudential Funding
Information Technology 18.3%				2.2%, 09/09/08	7,400M		7,396,382
Ansys, Inc. *	545,000		24,170,750	UBS Finance
Blackbaud, Inc.	525,000		10,599,750	2.45%, 09/05/08	10,900M		10,897,033
Daktronics, Inc.	540,000		9,466,200	2.66%, 10/10/08	493M		491,579
Diodes, Inc. *	835,000		19,864,650	Wells Fargo Co.
				2.43%, 09/08/08	13,500M		13,493,621
Factset Research				Total Corporate
Systems, Inc.	150,000		9,406,500	Short-Term Notes
Formfactor, Inc. *	635,000		12,185,650	(Cost $51,035,123)			51,035,123

The accompanying notes are an integral part of the financial statements.

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Sentinel Small/Mid Cap Fund
Fund Profile
at August 31, 2008 (Unaudited)
Top Sectors
Sector	Percent of Net Assets	Sector	Percent of Net Assets
Industrials	18.9%	Energy	9.3%
Information Technology	17.5%	Materials	5.6%
Health Care	14.6%	Consumer Staples	5.4%
Consumer Discretionary	11.9%	Telecommunication Services	0.8%
Financials	10.7%	Utilities	0.8%
Top 10 Holdings*
Description	Percent of Net Assets	Description	Percent of Net Assets
Stericycle, Inc.	2.0%	Pactiv Corp.	1.3%
Polycom, Inc.	1.7%	Kaydon Corp.	1.2%
Chattem, Inc.	1.5%	Ansys, Inc.	1.2%
Range Resources Corp.	1.4%	Comstock Resources, Inc.	1.2%
Nice Systems Ltd.	1.4%	Total of Net Assets	14.2%
Dolby Laboratories, Inc.	1.3%
*"Top 10 Holdings" excludes any short-term investments and money market funds. Portfolio composition and holdings are subject to change. More complete
holdings follow.

Investment in Securities
at August 31, 2008 (Unaudited)
	Shares		Value		Shares		Value		Shares		Value
			(Note 2)				(Note 2)				(Note 2)
Common Stocks 95.1%				Hain Celestial Group,				Investment Technology
Consumer Discretionary  11.9%				Inc. *	2,940	$	76,411	Group, Inc. *	2,750	$	88,000
BorgWarner, Inc.	1,600	$	66,160	Hansen Natural Corp. *	2,050		56,334	optionsXpress Holdings,
Choice Hotels Int'l., Inc.	3,520		95,005	McCormick & Co., Inc.	1,830		74,023	Inc.	3,600		83,052
Darden Restaurants, Inc.	2,180		63,852				548,165	Philadelphia Consolidated
								Holding Co. *	1,830		109,306
DeVry, Inc.	2,120		109,350	Energy 9.3%				Portfolio Recovery
Dress Barn, Inc. *	4,000		65,040	Comstock Resources,				Associates, Inc.	2,140		91,036
Fossil, Inc. *	1,000		29,920	Inc. *	1,900		123,386	Raymond James
Gildan Activewear, Inc. *	3,170		74,083	Core Laboratories NV	940		116,692	Financial, Inc.	1,810		55,802
Iconix Brand Group, Inc. *	7,580		98,009	FMC Technologies, Inc. *	1,980		106,049	UCBH Holdings, Inc.	16,800		98,280
LKQ Corp. *	6,350		118,935	NATCO Group, Inc. *	2,150		108,983	Willis Group Holdings Ltd.	2,490		85,706
O'Reilly Automotive, Inc. *	3,880		112,986	Oceaneering Int'l. Inc *	1,750		109,217	WR Berkley Corp.	1,400		32,984
Phillips-Van Heusen Corp.	2,980		113,419	Range Resources Corp.	2,990		138,796				1,037,741
Service Corp				Superior Energy				Health Care 14.6%
International/US	7,970		81,374	Services, Inc. *	2,360		111,014	Beckman Coulter, Inc.	1,340		98,919
				Tetra Technologies, Inc. *	5,390		119,335
TJX Cos., Inc.	1,430		51,823				933,472	Bio-Rad Laboratories,
Tractor Supply Co. *	1,340		57,111					Inc. *	940		101,144
Wolverine World Wide,				Financials 10.3%				Dentsply Int'l., Inc.	2,270		88,961
Inc.	2,150		56,609	Affiliated Managers				Dionex Corp. *	840		54,760
			1,193,676	Group, Inc. *	1,050		99,981	Endo Pharmaceuticals
Consumer Staples 5.4%				City National Corp/CA	1,200		59,388	Holdings, Inc. *	3,700		84,064
Central European				Cullen/Frost Bankers, Inc.	1,175		65,424	Gen-Probe, Inc. *	1,700		101,575
Distribution Corp *	890		51,344	HCC Insurance Holdings,				Hologic, Inc. *	4,730		100,371
Chattem, Inc. *	2,090		146,551	Inc.	4,650		117,087	Idexx Laboratories, Inc. *	1,560		87,828
				Home Properties,
Church & Dwight Co., Inc.	900		56,250	Inc. * (b)(c)	980		51,695	Immucor, Inc. *	2,510		80,847
Flowers Foods, Inc.	3,300		87,252

The accompanying notes are an integral part of the financial statements.

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Sentinel Small/Mid Cap Fund

	Shares		Value		Shares			Value
			(Note 2)					(Note 2)
MedAssets, Inc. *	250	$	4,445	Formfactor, Inc. *		3,390	$	65,054
Millipore Corp. *	880		66,009	Harris Corp.		1,110		58,120
Pharmaceutical Product				Intersil Corp.		3,070		71,930
Development, Inc.	1,670		68,136	Jack Henry & Associates,
Psychiatric Solutions,					Inc.	3,520		70,506
Inc. *	1,380		52,095	Logitech Int'l. SA *		2,140		57,117
Qiagen NV *	5,300		112,254	Micros Systems, Inc. *		3,210		98,932
Techne Corp. *	650		50,160	NeuStar, Inc. *		3,830		91,958
Varian Medical Systems,				Nice Systems Ltd. ADR *		4,500		137,835
Inc. *	1,540		97,266	Nuance Communications,
Varian, Inc. *	2,090		103,894		Inc. *	6,990		110,442
Vital Signs, Inc.	1,530		112,990	Polycom, Inc. *		6,250		175,250
			1,465,718	Power Integrations, Inc. *		2,490		73,281
Industrials 18.9%				Rofin-Sinar Technologies,
Ametek, Inc.	2,140		103,876		Inc. *	2,000		80,840
CH Robinson Worldwide,				Trimble Navigation Ltd. *		2,050		69,392
Inc.	1,350		70,349	Valueclick, Inc. *		4,850		62,516
Clarcor, Inc.	1,850		73,870					1,757,298
Consolidated Graphics,				Materials 5.6%
Inc. *	1,380		53,641	Aptargroup, Inc.		1,000		40,390
Copart, Inc. *	2,360		103,864	Flotek Industries, Inc. *		6,150		103,627
Dynamic Materials Corp.	2,250		69,232	Haynes Int'l. Inc *		1,160		67,814
Equifax, Inc.	2,580		91,151	Pactiv Corp. *		4,680		125,752
ESCO Technologies,
Inc. *	940		44,753	Sigma-Aldrich Corp.		1,430		81,167
Graco, Inc.	1,960		74,774	Silgan Holdings, Inc.		1,830		95,782
Healthcare Services				Steel Dynamics, Inc.		1,960		48,667
Group	4,500		87,660					563,199
Heico Corp.	2,720		78,336	Telecommunication Services 0.8%
IDEX Corp.	2,670		98,977	Cbeyond, Inc. *		4,700		79,571
Interline Brands, Inc. *	4,630		74,311	Utilities 0.8%
ITT Corp.	1,780		113,475	NRG Energy, Inc. *		2,050		77,162
Kaydon Corp.	2,250		125,392	Total Common Stocks
MSC Industrial Direct Co.	1,250		63,663		(Cost $9,662,989)			9,549,427
Quanta Services, Inc. *	2,820		90,071	Limited Partnerships		0.4%
Ritchie Bros Auctioneers,				Financials 0.4%
Inc.	2,230		59,006	AllianceBernstein Holding
Roper Industries, Inc.	1,600		94,528		LP *
Stericycle, Inc. *	3,430		203,399		(Cost $52,925)	710		38,503
				Total Investments 95.5%
Waste Connections, Inc. *	3,280		119,097		(Cost $9,715,914)†			9,587,930
			1,893,425	Other Assets in
Information Technology  17.5%					Excess of
Amdocs Ltd. *	3,340		100,835		Liabilities 4.5%			448,309
Amphenol Corp.	1,560		74,131	Net Assets 100.0%		$ 10,036,239
Ansys, Inc. *	2,810		124,623
Dolby Laboratories, Inc. *	3,200		130,240
Factset Research				*	Non-income producing
Systems, Inc.	980		61,456
Flir Systems, Inc. *	1,200		42,840

† Cost for federal income tax purposes is
$9,715,914. At August 31, 2008 unrealized
depreciation for federal income tax purposes
aggregated $127,984 of which $610,474
related to appreciated securities and $738,458
related to depreciated securities.
(b) Return of Capital paid during the fiscal period
(c) Real Estate Investment Trusts
ADR - American Depository Receipt

The accompanying notes are an integral part of the financial statements.

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Sentinel Sustainable Core Opportunities Fund
Fund Profile
at August 31, 2008 (Unaudited)
Top Sectors
Sector	Percent of Net Assets	Sector	Percent of Net Assets
Health Care	16.3%	Consumer Staples	9.2%
Information Technology	15.6%	Consumer Discretionary	6.7%
Energy	14.7%	Materials	4.3%
Industrials	13.5%	Utilities	3.6%
Financials	11.0%	Telecommunication Services	2.3%
Top 10 Holdings*
Description	Percent of Net Assets	Description	Percent of Net Assets
Transocean, Inc.	3.6%	Emerson Electric Co.	2.3%
Procter & Gamble Co.	2.8%	Danaher Corp.	2.3%
ConocoPhillips	2.7%	Precision Castparts Corp.	2.2%
PepsiCo, Inc.	2.6%	Praxair, Inc.	2.1%
Williams Cos., Inc.	2.6%	Total of Net Assets	25.6%
Devon Energy Corp.	2.4%
*"Top 10 Holdings" excludes any short-term investments and money market funds. Portfolio composition and holdings are subject to change. More complete
holdings follow.

Investment in Securities
at August 31, 2008 (Unaudited)
	Shares		Value		Shares		Value		Shares		Value
			(Note 2)				(Note 2)				(Note 2)
Common Stocks	97.2%			Williams Cos., Inc.	249,500	$	7,707,055	CR Bard, Inc.	31,712	$	2,963,486
Consumer Discretionary 6.7%				XTO Energy, Inc.	78,125		3,938,281	Johnson & Johnson	70,000		4,930,100
GameStop Corp. *	41,000	$	1,798,670				44,273,415	Merck & Co., Inc.	60,000		2,140,200
McDonald's Corp.	77,633		4,817,128	Financials 11.0%				Pfizer, Inc.	150,000		2,866,500
News Corp.	166,000		2,383,760	Aflac, Inc.	20,000		1,134,000	St. Jude Medical, Inc. *	75,000		3,437,250
Nike, Inc.	49,028		2,971,587	American Int'l. Group, Inc.	82,902		1,781,564	Teva Pharmaceutical
Target Corp.	41,182		2,183,469	Bank of America Corp.	21,811		679,194	Industries Ltd. ADR	75,000		3,550,500
Time Warner, Inc.	225,000		3,683,250	Citigroup, Inc.	185,400		3,520,746	Thermo Fisher Scientific,
Walt Disney Co.	70,800		2,290,380	Goldman Sachs Group,				Inc. *	50,000		3,028,000
			20,128,244	Inc.	24,340		3,991,030	WellPoint, Inc. *	53,759		2,837,938
Consumer Staples  9.2%				ICICI Bank Ltd. ADR	83,400		2,587,068	Zimmer Holdings, Inc. *	40,000		2,895,600
CVS Caremark Corp.	125,000		4,575,000	JPMorgan Chase & Co.	130,926		5,039,342				49,162,447
General Mills, Inc.	19,700		1,303,746	Merrill Lynch & Co., Inc.	58,558		1,660,119	Industrials 13.5%
HJ Heinz Co.	65,000		3,270,800	MetLife, Inc.	30,000		1,626,000	Bucyrus Int'l., Inc.	62,000		4,330,700
Kellogg Co.	22,174		1,207,152	Prudential Financial, Inc.	55,200		4,068,792	Canadian Pacific Railway
Kimberly-Clark Corp.	13,053		805,109	The Travelers Cos., Inc.	50,000		2,208,000	Ltd.	80,000		4,860,000
								Danaher Corp.	84,000		6,851,880
PepsiCo, Inc.	115,137		7,884,582	Wells Fargo & Co.	164,000		4,964,280
Procter & Gamble Co.	122,800		8,567,756				33,260,135	Emerson Electric Co.	150,106		7,024,961
								FedEx Corp.	58,969		4,883,812
			27,614,145	Health Care 16.3%				General Cable Corp. *	76,400		3,760,408
Energy 14.7%				Aetna, Inc.	75,000		3,235,500	Precision Castparts Corp.	63,507		6,557,733
Apache Corp.	11,900		1,361,122	Baxter Int'l., Inc.	15,490		1,049,603
								Rockwell Automation, Inc.	50,000		2,360,500
ConocoPhillips	97,241		8,023,355	Becton Dickinson & Co.	69,206		6,047,220				40,629,994
Devon Energy Corp.	71,000		7,245,550	Bristol-Myers Squibb Co.	150,000		3,201,000
Transocean, Inc. *	85,735		10,905,492	Celgene Corp. *	50,000		3,465,000	Information Technology 15.6%
Weatherford Int'l. Ltd. *	132,000		5,092,560	Covidien Ltd.	65,000		3,514,550	Accenture Ltd.	115,100		4,760,536

The accompanying notes are an integral part of the financial statements.

lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll

Sentinel Sustainable Core Opportunities Fund

						Principal
	Shares		Value			Amount			Value
			(Note 2)			(M=$1,000)			(Note 2)
Activision Blizzard, Inc. *	50,000	$	1,641,000	Federal Home Loan Mortgage
Adobe Systems, Inc. *	35,000		1,499,050		Corporation 0.6%
				Agency Discount Notes:
Broadcom Corp. *	130,000		3,127,800		2.05%, 09/08/08	1,800M		$	1,799,283
Cisco Systems, Inc. *	194,487		4,677,412	Total U.S. Government
Corning, Inc.	99,988		2,053,753		Obligations
Hewlett-Packard Co.	48,617		2,281,110		(Cost $8,298,571)				8,298,571
Intel Corp.	40,113		917,384	Total Investments 100.0%
Int'l. Business Machines					(Cost $291,963,822)†				301,355,935
Corp.	40,356		4,912,536	Other Assets in
KLA-Tencor Corp.	65,000		2,408,900		Excess of
MEMC Electronic					Liabilities 0.0%				109,254
Materials, Inc. *	15,107		741,603	Net Assets 100.0%			$ 301,465,189
Microsoft Corp.	101,624		2,773,319
NetApp, Inc. *	125,000		3,185,000
Nokia Corp. ADR	100,000		2,517,000	*	Non-income producing
				†	Cost for federal income tax purposes is
NVIDIA Corp. *	138,000		1,744,320		$291,963,822. At August 31, 2008 unrealized
Oracle Corp. *	181,003		3,969,396		appreciation for federal income tax purposes
Seagate Technology	75,000		1,118,250		aggregated $9,392,113 of which $32,037,429
Texas Instruments, Inc.	106,080		2,600,021		related to appreciated securities and
					$22,645,316 related to depreciated securities.
			46,928,390	ADR - American Depository Receipt
Materials 4.3%
Crown Holdings, Inc. *	149,435		4,145,327
Nalco Holding Co.	109,970		2,515,014
Praxair, Inc.	71,382		6,412,959
			13,073,300
Telecommunication Services 2.3%
America Movil SA de CV
ADR	50,000		2,569,000
AT&T, Inc.	138,351		4,425,849
			6,994,849
Utilities 3.6%
AES Corp. *	306,700		4,680,242
Allegheny Energy, Inc.	139,250		6,312,203
			10,992,445
Total Common Stocks
(Cost $283,665,251)			293,057,364
	Principal
	Amount
	(M=$1,000)
U.S. Government Obligations			2.8%
Federal Home Loan Bank 2.2%
Agency Discount Notes:
1.97%, 09/02/08	3,500M		3,499,808
2.08%, 09/04/08	3,000M		2,999,480
Total Federal Home Loan
Bank			6,499,288

The accompanying notes are an integral part of the financial statements.

lllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll
Sentinel Sustainable Emerging Companies Fund
Fund Profile
at August 31, 2008 (Unaudited)
Top Sectors
Sector	Percent of Net Assets	Sector	Percent of Net Assets
Information Technology	22.7%	Financials	6.5%
Consumer Discretionary	16.2%	Materials	4.9%
Industrials	15.0%	Consumer Staples	2.5%
Energy	13.8%	Telecommunication Services	2.2%
Health Care	13.3%	Utilities	1.1%
Top 10 Holdings*
Description	Percent of Net Assets	Description	Percent of Net Assets
Flowserve Corp.	1.7%	Broadcom Corp.	1.5%
Varian Medical Systems, Inc.	1.7%	Altera Corp.	1.5%
Amphenol Corp.	1.7%	Equinix, Inc.	1.5%
Covance, Inc.	1.6%	Dollar Tree, Inc.	1.5%
Cognizant Technology Solutions Corp.	1.6%	Total of Net Assets	15.9%
Trimble Navigation Ltd.	1.6%
*"Top 10 Holdings" excludes any short-term investments and money market funds. Portfolio composition and holdings are subject to change. More complete
holdings follow.

Investment in Securities
at August 31, 2008 (Unaudited)
Shares			Value		Shares		Value		Shares		Value
			(Note 2)				(Note 2)				(Note 2)
Common Stocks 98.2%				Continental Resources,				Health Care 13.3%
Consumer Discretionary  16.2%				Inc. *	29,500	$	1,480,015	Alexion Pharmaceuticals,
Aeropostale, Inc. *	60,300	$	2,102,058	Core Laboratories NV	16,500		2,048,310	Inc. *	27,000	$	1,217,160
Bed Bath & Beyond, Inc. *	57,500		1,762,950	EOG Resources, Inc.	5,200		542,984	BioMarin
Burger King Holdings, Inc.	72,600		1,801,932	FMC Technologies, Inc. *	35,000		1,874,600	Pharmaceuticals, Inc. *	57,000		1,717,980
Coach, Inc. *	72,500		2,101,775	IHS, Inc. *	28,100		1,802,896	Covance, Inc. *	27,000		2,547,180
Darden Restaurants, Inc.	57,500		1,684,175	PetroHawk Energy Corp. *	57,000		1,972,770	Dentsply Int'l., Inc.	52,500		2,057,475
Dick's Sporting Goods,				Range Resources Corp.	38,000		1,763,960	Express Scripts, Inc. *	26,000		1,908,660
Inc. *	91,000		2,082,990	SandRidge Energy, Inc. *	23,400		819,000	Gen-Probe, Inc. *	39,000		2,330,250
Dollar Tree, Inc. *	61,700		2,366,812	Smith Int'l., Inc.	21,200		1,477,640	Invitrogen Corp. *	48,400		2,055,064
GameStop Corp. *	28,500		1,250,295	Southwestern Energy				St. Jude Medical, Inc. *	48,900		2,241,087
Marriott Int'l., Inc.	64,500		1,819,545	Co. *	40,000		1,534,800	Varian Medical Systems,
Nordstrom, Inc.	64,100		1,993,510	Transocean, Inc. *	16,500		2,098,800	Inc. *	42,000		2,652,720
Strayer Education, Inc.	10,400		2,182,336	Weatherford Int'l. Ltd. *	36,600		1,412,028	Wright Medical Group,
								Inc. *	62,500		1,924,375
Urban Outfitters, Inc. *	59,300		2,112,266				21,438,414				20,651,951
VF Corp.	25,000		1,981,250	Financials 6.5%
								Industrials 15.0%
			25,241,894	Affiliated Managers				Agco Corp. *	37,400		2,304,962
Consumer Staples 2.5%				Group, Inc. *	21,200		2,018,664
Chattem, Inc. *	28,000		1,963,360	First Cash Financial				BE Aerospace, Inc. *	71,000		1,700,450
				Services, Inc. *	103,100		1,910,443	Bucyrus Int'l., Inc.	24,000		1,676,400
HJ Heinz Co.	37,900		1,907,128	IntercontinentalExchange,				Canadian Pacific Railway
			3,870,488	Inc. *	15,200		1,338,056	Ltd.	19,000		1,154,250
Energy 13.8%				Invesco Ltd.	71,500		1,832,545	Con-way, Inc.	20,000		982,000
Atwood Oceanics, Inc. *	31,400		1,276,724	MSCI, Inc. *	45,500		1,358,175	Cummins, Inc.	20,500		1,335,780
Consol Energy, Inc.	19,700		1,333,887	T Rowe Price Group, Inc.	28,000		1,662,080	DryShips, Inc.	24,600		1,806,624
							10,119,963	Flowserve Corp.	20,500		2,708,460

The accompanying notes are an integral part of the financial statements.

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Sentinel Sustainable Emerging Companies Fund

						Principal
	Shares		Value			Amount			Value
			(Note 2)			(M=$1,000)			(Note 2)
Fluor Corp.	27,600	$	2,211,588	U.S. Government Obligations					1.5%
JA Solar Holdings Co Ltd.				Federal Home Loan Bank 1.5%
ADR *	95,000		1,693,850	Agency Discount Notes:
Precision Castparts Corp.	17,700		1,827,702	2.04%, 09/04/08
Ritchie Bros Auctioneers,				(Cost $2,399,592)		2,400M		$	2,399,592
Inc.	74,300		1,965,978	Total Investments 99.7%
Stericycle, Inc. *	32,500		1,927,250	(Cost $143,327,835)†					155,129,207
			23,295,294	Other Assets in
				Excess of
Information Technology 22.7%				Liabilities 0.3%					421,678
Activision Blizzard, Inc. *	67,500		2,215,350
Altera Corp.	105,500		2,388,520	Net Assets 100.0%			$ 155,550,885
Amphenol Corp.	55,300		2,627,856
Autodesk, Inc. *	46,400		1,648,592	*	Non-income producing
Broadcom Corp. *	100,200		2,410,812	†	Cost for federal income tax purposes is
Cognizant Technology					$143,327,835. At August 31, 2008 unrealized
Solutions Corp. *	85,500		2,506,860		appreciation for federal income tax purposes
					aggregated $11,801,372 of which
Cypress Semiconductor					$18,602,983 related to appreciated securities
Corp. *	68,600		2,224,012		and $6,801,610 related to depreciated
Diodes, Inc. *	59,500		1,415,505		securities.
Dolby Laboratories, Inc. *	52,000		2,116,400	ADR	- American Depository Receipt
Equinix, Inc. *	29,600		2,382,800
Intersil Corp.	83,700		1,961,091
Itron, Inc. *	18,000		1,864,440
McAfee, Inc. *	48,500		1,918,660
MEMC Electronic
Materials, Inc. *	45,000		2,209,050
Nice Systems Ltd. ADR *	49,100		1,503,933
Nuance Communications,
Inc. *	93,000		1,469,400
Trimble Navigation Ltd. *	72,000		2,437,200
			35,300,481
Materials 4.9%
Agrium, Inc.	26,600		2,242,380
Airgas, Inc.	36,300		2,150,412
Commercial Metals Co.	56,800		1,478,504
Nalco Holding Co.	75,300		1,722,111
			7,593,407
Telecommunication Services 2.2%
MetroPCS
Communications, Inc. *	78,600		1,325,982
NII Holdings, Inc. *	42,000		2,205,840
			3,531,822
Utilities 1.1%
ITC Holdings Corp.	30,100		1,685,901
Total Common Stocks
(Cost $140,928,243)			152,729,615

The accompanying notes are an integral part of the financial statements.

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Sentinel U.S. Treasury Money Market Fund

Investment in Securities
at August 31, 2008 (Unaudited)
Principal				Principal
Amount		Value		Amount		Value
(M=$1,000)		(Note 2)		(M=$1,000)		(Note 2)
U.S. Government Obligations 97.9%			U.S. Treasury Bill
U.S. Government Agency			1.356%, 09/11/08		5,500M $	5,497,928
Obligations 15.8%			U.S. Treasury Bill
Federal Home Loan Bank 9.0%			1.59%, 09/11/08		4,400M	4,398,057
Agency Discount Notes:			U.S. Treasury Bill
Federal Home Loan Bank			1.73%, 09/11/08		10,000M	9,995,194
Discount Notes			U.S. Cash Management Bill
2.24%, 09/02/08	4,800M $	4,799,701	1.717%, 09/15/08		5,000M	4,996,661
Federal Home Loan Bank			U.S. Cash Management Bill
Discount Notes			1.87%, 09/15/08		9,900M	9,892,800
2.19%, 09/05/08	500M	499,878	U.S. Cash Management Bill
Federal Home Loan Bank			1.905%, 09/15/08		12,300M	12,290,888
Discount Notes			U.S. Treasury Bill
2.34%, 09/05/08	4,000M	3,998,960	1.36%, 09/18/08		5,000M	4,996,789
Federal Home Loan Bank			U.S. Treasury Bill
Discount Notes			1.37%, 09/18/08		2,500M	2,498,383
2.24%, 09/08/08	875M	874,619
Federal Home Loan Bank			U.S. Treasury Bill
Discount Notes			1.45%, 09/18/08		9,865M	9,858,245
2.45%, 09/08/08	100M	99,953	U.S. Treasury Bill
Federal Home Loan Bank			1.516%, 09/18/08		8,225M	8,219,112
Discount Notes			U.S. Treasury Bill
2.17%, 09/12/08	600M	599,602	1.7%, 09/18/08		5,000M	4,995,986
Federal Home Loan Bank			U.S. Treasury Bill
Discount Notes			1.491%, 09/25/08		1,100M	1,098,907
2.25%, 09/23/08	1,100M	1,098,488	U.S. Treasury Bill
Total Federal Home Loan			1.565%, 09/25/08		8,900M	8,890,714
Bank		11,971,201	U.S. Treasury Bill
Federal National Mortgage			1.369%, 10/02/08		8,000M	7,990,569
Association 6.8%			Total U.S. Treasury
Agency Discount Notes:			Obligations			108,873,669
Fannie Mae Discount Notes			Total U.S. Government
2.36%, 09/08/08	655M	654,700	Obligations
Fannie Mae Discount Notes			(Cost $129,880,834)			129,880,834
2.3%, 09/17/08	8,000M	7,991,822
Fannie Mae Discount Notes
2.06%, 09/26/08	390M	389,442			Shares
Total Federal National			Money Market Funds 1.7%
Mortgage Association		9,035,964	Dreyfus Treasury Prime
Total U.S. Government			Cash Management
Agency Obligations		21,007,165	(Cost $2,250,000)	2,250,000		2,250,000
U.S. Treasury Obligations 82.1%			Total Investments 99.6%
U.S Treasury Bill			(Cost $132,130,834)†			132,130,834
1.27%, 09/04/08	4,500M	4,499,524	Other Assets in
U.S. Treasury Bill			Excess of
1.3535%, 09/04/08	2,500M	2,499,718	Liabilities 0.4%			512,228
U.S. Treasury Bill			Net Assets 100.0%		$ 132,643,062
1.361%, 09/04/08	595M	594,933
U.S. Treasury Bill
1.496%, 09/04/08	1,460M	1,459,818	† Also cost for federal income tax purposes.
U.S. Treasury Bill
1.584%, 09/04/08	2,000M	1,999,736
U.S. Treasury Bill
1.597%, 09/04/08	2,200M	2,199,707

The accompanying notes are an integral part of the financial statements.

NOTE1:

ORGANIZATION:

Sentinel Group Funds, Inc. ("Company") is registered as an open-end investment company under the Investment Company Act of 1940, as amended. The Company consists of Seventeen separate series -- Sentinel Balanced Fund, Sentinel Capital Growth Fund, Sentinel Common Stock Fund, Sentinel Conservative Allocation Fund, Sentinel Georgia Municipal Bond Fund (a non-diversified series), Sentinel Government Securities Fund, Sentinel Growth Leaders Fund (a non-diversified series), Sentinel High Yield Bond Fund, Sentinel International Equity Fund, Sentinel Mid Cap Growth Fund, Sentinel Mid Cap Value Fund (a non-diversified series), Sentinel Short Maturity Government Fund, Sentinel Small Company Fund, Sentinel Small/Mid Cap Fund, Sentinel Sustainable Core Opportunities Fund, Sentinel Sustainable Emerging Companies and Sentinel U.S. Treasury Money Market Fund, each individually referred to as a Fund. All Funds offer Class A shares. Class B shares are no longer available for additional purchases from any Fund, except by the exchange of Class B shares between Funds or the reinvestment of dividends and distributions paid on Class B shares. The following funds offer Class B shares: Sentinel Balanced, Sentinel Common Stock, Sentinel Conservative Allocation, Sentinel High Yield Bond, Sentinel International Equity, Sentinel Mid Cap Growth, Sentinel Small Company and Sentinel U.S. Treasury Money Market Fund. Sentinel Balanced, Sentinel Capital Growth, Sentinel Common Stock, Sentinel Conservative Allocation, Sentinel Government Securities, Sentinel Growth Leaders, Sentinel High Yield Bond, Sentinel International Equity, Sentinel Mid Cap Growth, Sentinel Mid Cap Value, Sentinel Small Company and Sentinel Small/Mid Cap, Sustainable Core Opportunities and Sentinel Sustainable Emerging Companies offer Class C shares. Sentinel Balanced Fund offers Class D shares, which are closed to additional purchases, except by the reinvestment of dividends and distributions paid on Class D shares. Sentinel Common Stock, Sentinel Georgia Municipal Bond, Sentinel Government Securities, Sentinel Mid Cap Value, Sentinel Small Company and Small/Mid Cap, Sustainable Core Opportunities and Sentinel Sustainable Emerging Companies offer Class I shares. Sentinel Short Maturity Government Fund offers Class S shares.

NOTE 2:

SECURITY VALUATION:

Equity securities that are traded on a national or foreign securities exchange and over-the-counter securities listed in the NASDAQ National Market System are valued a the last reported sales price or official closing price on the principal exchange on which they are traded on the date of determination as of the close of business of the New York Stock Exchange (“NYSE”), usually 4:00 p.m. Eastern time, each day that the NYSE is open for business. Foreign equity securities traded on a foreign securities exchange are subject to fair value pricing when appropriate, using valuations provided by an independent pricing service. Securities for which no sale was reported on the valuation date are valued at the mean between the last reported bid and asked prices. Over-the-counter securities not listed on the NASDAQ National Market System are valued at the mean of the current bid and asked prices. For Funds other than the Sentinel U.S. Treasury Money Market Fund, fixed-income securities with original maturities of greater than 60 days left to maturity, are valued on the basis of valuations provided by and independent pricing service. The mean between the bid and asked prices is generally used for valuation purposes.

Short-term securities with original maturities of less than 60 days are valued at amortized cost, which approximates market value. The value of short-term securities originally purchased with maturities greater than 60 days is determined based on an amortized value to par when they reach 60 days or less remaining to maturity. Securities held in the Sentinel U.S. Treasury Money Market Fund are valued at amortized cost regardless of days left to maturity, which approximates market value, in accordance with the terms of a rule adopted by the Securities and Exchange Commission. The amortized cost method values a security at cost on the date of purchase and thereafter assumes a constant amortization to maturity of any discount or premium. Securities for which market quotations are not readily available, or whose values have been materially affected by events occurring before the Fund’s pricing time but after the close of the securities’ primary markets, will be fair valued under procedures adopted by the Funds’ board. The board has delegated this responsibility to a pricing committee, subject to its review and supervision.

NOTE 3:

     In September 2006, the Financial Accounting Standards Board (“FASB”) issued FASB Statement No. 157 –Fair Value Measurements, that defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. The Statement applies to fair value measurements that are already required or permitted by other accounting standards and is intended to increase consistency of those measurements. The Statement applies broadly to securities and other types of assets and liabilities. FASB 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007. The Statement also establishes a fair value hierarchy which prioritizes inputs or assumptions to valuation techniques. These inputs are summarized in the three broad levels listed below:

• Level 1 – Quoted prices in active markets for identical securities.
• Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
• Level 3 – Significant unobservable inputs (including the Sentinel Pricing Committee’s own assumptions in determining the fair value of investments).

     The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are normally valued using amortized cost, in accordance with rules under the Investment Company Act of 1940, as amended. Generally, amortized cost approximates the current fair value of a security, but since this value is not obtained from a quoted price in an active market, such securities are reflected as Level 2. There have been no significant changes in valuation techniques during the last fiscal period. The fair value measurements as of August 31, 2008 were as follows:

			Other
	Quoted Prices in Active		Significant	Significant
	Markets for Identical		Observable	Unobservable
Sentinel	Assets		Inputs		Inputs
Fund	(Level 1)		(Level 2)	(Level 3)		Total
Assets:
Investments in Securities:
Balanced	$ 181,304,821	$ 82,367,577		$ – $		263,672,398
Capital Growth	150,005,694		7,134,313		–	157,140,007
Common Stock	1,193,442,916		14,495,573		–	1,207,938,489
Conservative
Allocation	20,501,224		33,040,992		–	53,542,216
Georgia
Municipal
Bond	–		30,160,078		–	30,160,078
Government
Securities	–		501,086,281		–	501,086,281
Growth
Leaders	23,037,060		3,986,131		–	27,023,191
High Yield
Bond	121,360		45,270,472	4,196,998		49,588,830
International
Equity	37,926,670		163,106,239		–	201,032,909
Mid Cap
Growth	144,278,473		999,888		–	145,278,361
Mid Cap
Value	158,211,713		36,358,957		–	194,570,670
Short Maturity
Government .	–		179,167,748		–	179,167,748
Small
Company	1,410,466,177		94,809,217		–	1,505,275,394
Small/Mid
Cap	9,587,930		–		–	9,587,930
Sustainable
Core
Opportunities	293,057,364		8,298,571		–	301,355,935
Sustainable
Emerging
Companies	152,729,615		2,399,592		–	155,129,207
U.S. Treasury
Money
Market	–		132,130,834		–	132,130,834
Liabilities:
Investments in Securities:
None.

Fair Value Level 3 activity for the fiscal period ended August 31, 2008 was as follows:

	High Yield	Mid Cap
Sentinel Fund	Bond	Value
Assets:
Investments in
Securities:
Beginning Balance	$ 4,726,062	$ 50,409
Purchases	–	–
Transfers Into Level 3	1,017,400	–
Sales	(566,250)	(23,988)
Transfers Out of Level 3	(792,000)	–
Accrued Amortization	8,008	–
Realized Gains (Losses)	50,431	(26,719)
Unrealized Gains
(Losses)	(246,653)	298
Ending Balance	$ 4,196,998	$ –
Liabilities:
Investments in
Securities:
None.

ITEM 2. CONTROLS AND PROCEDURES.

(a) The Registrant's President/Chief Executive Officer and Treasurer/Chief Financial Officer have concluded that the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the "1940 Act")) were effective as of a date within 90 days of the filing date of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 15d-15(b) under the Securities Exchange Act of 1934, as amended.

(b) There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the Registrant's last fiscal quarter that materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.

ITEM 3. EXHIBITS.

SEPARATE CERTIFICATIONS FOR EACH PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER OF THE REGISTRANT AS REQUIRED BY RULE 30A-2(A) UNDER THE 1940 ACT (17 CFR 270.30A -2(A)). Filed herewith as an exhibit.

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.

Sentinel Group Funds, Inc.

By (Signature and Title) /s/ JOHN BIRCH
--------------------------------------------
John Birch
Chief Financial Officer

Date October 29, 2008
----------------

     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/ CHRISTIAN THWAITES
--------------------------------------------
Christian Thwaites, President and Chief Executive Officer

Date October 29, 2008
----------------

By (Signature and Title)* /s/ JOHN BIRCH
--------------------------------------------
John Birch
Chief Financial Officer

Date October 29, 2008
----------------