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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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015 A000401 FIDUCIARY TRUST INTERNATIONAL
015 B000401 C
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015 C030401 10048
015 E040401 X
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015 B000402 S
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015 D010402 NSW
015 D020402 2000
015 E040402 X
015 A000403 EUROCLEAR
015 B000403 S
015 C010403 PARIS
015 D010403 FRANCE
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015 B000404 S
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015 D010404 DENMARK
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015 A000405 EUROCLEAR
015 B000405 S
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015 D010405 GERMANY
015 E040405 X
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015 B000406 S
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015 B000407 S
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015 D010407 JAPAN
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015 D010408 SPAIN
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<PAGE> PAGE 22
015 B000410 S
015 C010410 LONDON
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015 A000411 FEDERAL RESERVE BANK OF NEW YORK
015 B000411 S
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024 000400 N
025 D000401 0
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<PAGE> PAGE 23
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055 A000400 N
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057 000400 N
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064 B000400 N
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<PAGE> PAGE 24
068 A000400 N
068 B000400 Y
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
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070 D020400 N
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070 E020400 N
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070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
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070 O020400 N
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070 P020400 N
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070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 1275
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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SIGNATURE S.ELLIOTT COHEN
TITLE ASST.GEN. COUNSEL
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> FTI Funds
FTI Small Capitalization Equity Fund
<PERIOD-TYPE> 6-MOS
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<PERIOD-END> May-31-1996
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 02
<NAME> FTI Funds
FTI International Equity Fund
<PERIOD-TYPE> 4-Mos
<FISCAL-YEAR-END> Nov-30-1996
<PERIOD-END> May-31-1996
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<OVERDISTRIBUTION-GAINS> 0
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<NET-INVESTMENT-INCOME> 28,676
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> FTI Funds
FTI International Bond Fund
<PERIOD-TYPE> 4-MOS
<FISCAL-YEAR-END> Nov-30-1996
<PERIOD-END> May-31-1996
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<PER-SHARE-NAV-BEGIN> 10.000
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> FTI Funds
FTI Global Bond Fund
<PERIOD-TYPE> 4-MOS
<FISCAL-YEAR-END> Nov-30-1996
<PERIOD-END> May-31-1996
<INVESTMENTS-AT-COST> 1,074,503
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<RECEIVABLES> 1,109,202
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<ACCUM-APPREC-OR-DEPREC> (5,326)
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<INTEREST-INCOME> 10,036
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<NET-INVESTMENT-INCOME> 8,289
<REALIZED-GAINS-CURRENT> (3,914)
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</TABLE>
