EXHIBIT 11 (b)
                           RULE 30a-2(b) CERTIFICATION





In connection with this report on Form N-CSR for the registrant as furnished to
the Securities and Exchange Commission on the date hereof (the "Report"), the
undersigned hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act of
2002, that:

     (1)  the Report fully complies with the requirements of Section 13 (a) or
          15 (d) of the Securities Exchange Act of 1934, as applicable; and

     (2)  the information contained in the Report fairly presents, in all
          material respects, the financial condition and results of operations
          of the registrant.


                           By:      /S/ BRIAN T. ZINO
                                    Brian T. Zino
                                    Chief Executive Officer

                           Date:    September 1, 2004


                           By:      /S/ LAWRENCE P. VOGEL
                                    Lawrence P. Vogel
                                    Chief Financial Officer

                           Date:    September 1, 2004