<PAGE> PAGE 1
000 B000000 11/30/97
000 C000000 0001002191
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 FTI FUNDS
001 B000000 811-7369
001 C000000 4122887496
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 FTI SMALL CAPITALIZATION EQUITY FUND
007 C030100 N
007 C010200 2
007 C020200 FTI INTERNATIONAL EQUITY FUND
007 C030200 N
007 C010300 3
007 C020300 FTI INTERNATIONAL BOND FUND
007 C030300 N
007 C010400 4
007 C020400 FTI GLOBAL BOND FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 FIDUCIARY INTERNATIONAL, INC.
008 B00AA01 A
008 C00AA01 801-0000
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10048
008 D04AA01 0772
010 A00AA01 FEDERATED ADMINISTRATIVE SERVICES
010 C01AA01 PITTSBURGH
010 C02AA01 PA
<PAGE> PAGE 2
010 C03AA01 15222
010 C04AA01 3779
011 A00AA01 EDGEWOOD SERVICES, INC.
011 B00AA01 8-46985
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15230
011 C04AA01 0897
012 A00AA01 FEDERATED SHAREHOLDER SERVICES COMPANY
012 B00AA01 84-1869
012 C01AA01 PITTSBURGH
012 C02AA01 PA
012 C03AA01 15222
012 C04AA01 3779
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 PITTSBURGH
013 B02AA01 PA
013 B03AA01 15219
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 INSTINET CORP.
020 B000001 13-3443395
020 C000001 23
020 A000002 HSBC SECURITIES, INC.
020 B000002 13-2650272
020 C000002 15
020 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000003 13-5674085
020 C000003 12
020 A000004 MORGAN STANLEY & CO., INC.
020 B000004 13-2655998
020 C000004 12
020 A000005 UBS SECURITIES, INC.
020 B000005 13-2932996
020 C000005 10
020 A000006 DEUTSCHE MORGAN GRENFELL
020 C000006 9
020 A000007 ABN AMRO SECURITIES (USA), INC.
020 C000007 9
020 A000008 SBC WARBURG
020 C000008 9
020 A000009 SMITH BARNEY, INC.
020 B000009 13-1912900
020 C000009 8
020 A000010 ROBERT FLEMING, INC.
020 B000010 13-3298866
020 C000010 8
021 000000 245
022 A000001 MORGAN GUARANTY TRUST CO. OF NEW YORK
022 B000001 13-5123346
<PAGE> PAGE 3
022 C000001 697890
022 D000001 0
022 A000002 GOLDMAN, SACHS & CO.
022 B000002 13-5108880
022 C000002 4661
022 D000002 4415
022 A000003 KNIGHT SECURITIES
022 C000003 1223
022 D000003 2479
022 A000004 FRIEDMAN BILLINGS & RAMSEY
022 C000004 2114
022 D000004 324
022 A000005 HSBC SECURITIES, INC.
022 B000005 13-2650272
022 C000005 1356
022 D000005 1081
022 A000006 VOLPE WELTY & CO.
022 C000006 1980
022 D000006 62
022 A000007 CS FIRST BOSTON CORP.
022 B000007 13-5659485
022 C000007 1466
022 D000007 457
022 A000008 MORGAN GRENFELL & CO. LTD.
022 C000008 1263
022 D000008 550
022 A000009 DEUTSCHE MORGAN GRENFELL
022 C000009 846
022 D000009 828
022 A000010 DEUTSCHE BANK
022 C000010 249
022 D000010 1176
023 C000000 721212
023 D000000 16934
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 N
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
<PAGE> PAGE 4
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 10000
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
<PAGE> PAGE 5
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 B00AA00 THE AETNA CASUALTY AND SURETY COMPANY
080 C00AA00 85000
081 A00AA00 Y
081 B00AA00 290
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
015 A000101 FIDUCIATY TRUST COMPANY INTERNATIONAL
015 B000101 C
015 C010101 NEW YORK
015 C020101 NY
015 C030101 10048
015 C040101 0772
015 E010101 X
024 000100 N
025 A000101 DELETE
025 D000101 0
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 1815
028 A020100 0
028 A030100 0
028 A040100 110
028 B010100 2837
028 B020100 0
<PAGE> PAGE 6
028 B030100 0
028 B040100 614
028 C010100 242
028 C020100 0
028 C030100 0
028 C040100 9
028 D010100 4239
028 D020100 0
028 D030100 0
028 D040100 130
028 E010100 2136
028 E020100 0
028 E030100 0
028 E040100 378
028 F010100 449
028 F020100 0
028 F030100 0
028 F040100 244
028 G010100 11719
028 G020100 0
028 G030100 0
028 G040100 1485
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 1.000
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
055 A000100 Y
055 B000100 N
<PAGE> PAGE 7
056 000100 Y
057 000100 N
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
<PAGE> PAGE 8
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 43479
071 B000100 30667
071 C000100 55758
071 D000100 55
072 A000100 12
072 B000100 74
072 C000100 102
072 D000100 0
072 E000100 0
072 F000100 289
072 G000100 75
072 H000100 0
072 I000100 18
072 J000100 15
072 K000100 0
072 L000100 5
072 M000100 7
072 N000100 11
072 O000100 0
072 P000100 0
072 Q000100 41
072 R000100 20
072 S000100 3
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 17
072 X000100 502
072 Y000100 69
072 Z000100 -257
072AA000100 4878
072BB000100 3406
072CC010100 3594
<PAGE> PAGE 9
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 1
074 B000100 3162
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 36983
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 905
074 M000100 28
074 N000100 41078
074 O000100 492
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 80
074 S000100 0
074 T000100 40506
074 U010100 2818
074 U020100 0
074 V010100 14.37
074 V020100 0.00
074 W000100 0.0000
074 X000100 57
074 Y000100 0
075 A000100 0
075 B000100 28722
076 000100 0.00
015 A000201 FIDUCIARY TRUST COMPANY INTERNATIONAL
015 B000201 C
015 C010201 NEW YORK
015 C020201 NY
015 C030201 10048
015 C040201 0772
015 E060201 X
015 A000202 CITIBANK, N.A.
015 B000202 S
015 C010202 BUENOS AIRES
<PAGE> PAGE 10
015 D010202 ARGENTINA
015 E040202 X
015 A000203 NATIONAL AUSTRALIA BANK LTD.
015 B000203 S
015 C010203 MELBOURNE
015 D010203 AUSTRALIA
015 E040203 X
015 A000204 EUROCLEAR
015 B000204 S
015 C010204 HELSINKI
015 D010204 FINLAND
015 E040204 X
015 A000205 EUROCLEAR
015 B000205 S
015 C010205 SOCIETE GENERALE
015 D010205 PARIS
015 E040205 X
015 A000206 EUROCLEAR
015 B000206 S
015 C010206 DEUTSCHE BANK A.G.
015 D010206 GERMANY
015 E040206 X
015 A000207 HONGKONG AND SHANGHAI BANKING CORPORATION
015 B000207 S
015 C010207 CENTRAL
015 D010207 HONG KONG
015 E040207 X
015 A000208 HONGKONG AND SHANGHAI BANKING CORP.
015 B000208 S
015 C010208 JAKARTA
015 D010208 INDONESIA
015 E040208 X
015 A000209 ROYAL BANK OF SCOTLAND
015 B000209 S
015 C010209 DUBLIN
015 D010209 IRELAND
015 E040209 X
015 A000210 CITIBANK, N.A.
015 B000210 S
015 C010210 MILAN
015 D010210 ITALY
015 E040210 X
015 A000211 BANK OF TOKYO-MITSUBISHI, LTD.
015 B000211 S
015 C010211 TOKYO
015 D010211 JAPAN
015 E040211 X
015 A000212 THE HONGKONG AND SHANGHAI BANKING CORP. LTD.
015 B000212 S
015 C010212 BERHAD, KUALA LUMPUR
015 D010212 MALAYSIA
<PAGE> PAGE 11
015 E040212 X
015 A000213 CITIBANK MEXICO
015 B000213 S
015 C010213 MEXICO CITY
015 D010213 MEXICO
015 E040213 X
015 A000214 EUROCLEAR
015 B000214 S
015 C010214 TUINZIGTLAAN
015 D010214 NETHERLANDS
015 E040214 X
015 A000215 NATIONAL NOMINEES LTD.
015 B000215 S
015 C010215 AUCKLAND
015 D010215 NEW ZEALAND
015 E040215 X
015 A000216 CITIBANK, N.A.
015 B000216 S
015 C010216 LIMA
015 D010216 PERU
015 E040216 X
015 A000217 HONGKONG AND SHANGHAI BANKING CORP.
015 B000217 S
015 C010217 METRO MANILLA
015 D010217 PHILLIPPINES
015 E040217 X
015 A000218 HONGKONG AND SHANGHAI BANKING CORP.
015 B000218 S
015 C010218 SINGAPORE
015 D010218 SINGAPORE
015 E040218 X
015 A000219 EUROCLEAR
015 B000219 S
015 C010219 BARCELONA
015 D010219 SPAIN
015 E040219 X
015 A000220 EUROCLEAR
015 B000220 S
015 C010220 STOCKHOLM
015 D010220 SWEDEN
015 E040220 X
015 A000221 SWISS BANK CORP.
015 B000221 S
015 C010221 BASEL
015 D010221 SWITZERLAND
015 E040221 X
015 A000222 HONGKONG AND SHANGHAI BANKING CORP.
015 B000222 S
015 C010222 BANGKOK
015 D010222 THAILAND
015 E040222 X
<PAGE> PAGE 12
015 A000223 ROYAL BANK OF SCOTLAND
015 B000223 S
015 C010223 LONDON ENGLAND
015 D010223 UNITED KINGDOM
015 E040223 X
015 A000224 DEPOSITORY TRUST COMPANY
015 B000224 S
015 C010224 NEW YORK
015 C020224 NY
015 C030224 10005
015 E040224 X
024 000200 N
028 A010200 1425
028 A020200 43
028 A030200 0
028 A040200 96
028 B010200 4186
028 B020200 0
028 B030200 0
028 B040200 59
028 C010200 443
028 C020200 0
028 C030200 0
028 C040200 269
028 D010200 1475
028 D020200 0
028 D030200 0
028 D040200 43
028 E010200 1030
028 E020200 0
028 E030200 0
028 E040200 1175
028 F010200 61
028 F020200 0
028 F030200 0
028 F040200 763
028 G010200 8620
028 G020200 43
028 G030200 0
028 G040200 2406
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 1.000
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
<PAGE> PAGE 13
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
055 A000200 Y
055 B000200 N
056 000200 Y
057 000200 N
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 Y
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 Y
069 000200 N
<PAGE> PAGE 14
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 42236
071 B000200 16478
071 C000200 29966
071 D000200 55
072 A000200 12
072 B000200 111
072 C000200 445
072 D000200 0
072 E000200 0
072 F000200 322
072 G000200 75
072 H000200 0
072 I000200 16
072 J000200 37
072 K000200 0
<PAGE> PAGE 15
072 L000200 7
072 M000200 6
072 N000200 16
072 O000200 0
072 P000200 0
072 Q000200 44
072 R000200 20
072 S000200 2
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 11
072 X000200 556
072 Y000200 41
072 Z000200 41
072AA000200 1384
072BB000200 2221
072CC010200 3517
072CC020200 0
072DD010200 303
072DD020200 0
072EE000200 0
073 A010200 0.2000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 856
074 B000200 1124
074 C000200 0
074 D000200 0
074 E000200 902
074 F000200 38834
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 1
074 K000200 0
074 L000200 73
074 M000200 148
074 N000200 41937
074 O000200 964
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 103
074 S000200 0
074 T000200 40870
074 U010200 3350
074 U020200 0
<PAGE> PAGE 16
074 V010200 12.20
074 V020200 0.00
074 W000200 0.0000
074 X000200 22
074 Y000200 0
075 A000200 0
075 B000200 31518
076 000200 0.00
015 A000301 FIDUCIARY TRUST COMPANY INTERNATIONAL
015 B000301 C
015 C010301 NEW YORK
015 C020301 NY
015 C030301 10048
015 C040301 0772
015 E010301 X
015 A000302 CITIBANK, N.A.
015 B000302 S
015 C010302 1036 BUENOS AIRES
015 D010302 ARGENTINA
015 E040302 X
015 A000303 NATIONAL AUSTRALIA BANK
015 B000303 S
015 C010303 ST. 3000 MELBOURNE
015 D010303 VICTORIA AUSTRALIA
015 E040303 X
015 A000304 CANADA TRUST
015 B000304 S
015 C010304 ONTARIO
015 D010304 CANADA
015 D020304 M5J 2T2
015 E040304 X
015 A000305 EUROCLEAR
015 B000305 S
015 C010305 DK-1092 COPENHAGEN
015 D010305 DENMARK
015 E040305 X
015 A000306 EUROCLEAR
015 B000306 S
015 C010306 B-1210 BRUSSELS
015 D010306 BELGIUM
015 E040306 X
015 A000307 EUROCLEAR
015 B000307 S
015 C010307 F-75002 PARIS
015 D010307 FRANCE
015 E040307 X
015 A000308 EUROCLEAR
015 B000308 S
015 C010308 D-65755 ESCHBORN
015 D010308 GERMANY
015 E040308 X
<PAGE> PAGE 17
015 A000309 ROYAL BANK OF SCOTLAND
015 B000309 S
015 C010309 DUBLIN 1
015 D010309 IRELAND
015 E040309 X
015 A000310 CITIBANK, N.A.
015 B000310 S
015 C010310 20121 MILAN
015 D010310 ITALY
015 E040310 X
015 A000311 BANK OF TOKYO-MITSUBISHI, LTD.
015 B000311 S
015 C010311 TOKYO
015 D010311 JAPAN
015 E040311 X
015 A000312 EUROCLEAR
015 B000312 S
015 C010312 4800 DE BREDA (OUBI)
015 D010312 NETHERLANDS
015 E040312 X
015 A000313 ROYAL BANK OF SCOTLAND
015 B000313 S
015 C010313 MARSALLTOWN
015 D010313 SOUTH AFRICA
015 E040313 X
015 A000314 EUROCLEAR
015 B000314 S
015 C010314 E-28022 MADRID
015 D010314 SPAIN
015 E040314 X
015 A000315 EUROCLEAR
015 B000315 S
015 C010315 STOCKHOLM
015 D010315 SWEDEN
015 E040315 X
015 A000316 ROYAL BANK OF SCOTLAND
015 B000316 S
015 C010316 LONDON
015 D010316 UNITED KINGDOM
015 E040316 X
015 A000317 DEPOSITORY TRUST COMPANY
015 B000317 S
015 C010317 NEW YORK
015 C020317 NY
015 C030317 10005
015 E010317 X
024 000300 N
025 D000301 0
025 D000302 0
025 D000303 0
025 D000304 0
<PAGE> PAGE 18
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 975
028 A020300 5
028 A030300 0
028 A040300 0
028 B010300 150
028 B020300 0
028 B030300 0
028 B040300 120
028 C010300 0
028 C020300 0
028 C030300 0
028 C040300 0
028 D010300 151
028 D020300 0
028 D030300 0
028 D040300 263
028 E010300 0
028 E020300 0
028 E030300 0
028 E040300 172
028 F010300 0
028 F020300 0
028 F030300 0
028 F040300 380
028 G010300 1276
028 G020300 5
028 G030300 0
028 G040300 934
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.700
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
<PAGE> PAGE 19
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
055 A000300 Y
055 B000300 N
056 000300 Y
057 000300 N
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 75.2
062 O000300 0.0
062 P000300 8.6
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 3.5
064 A000300 N
064 B000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 Y
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 Y
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
<PAGE> PAGE 20
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 12227
071 B000300 10494
071 C000300 5699
071 D000300 184
072 A000300 12
072 B000300 446
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 47
072 G000300 75
072 H000300 0
072 I000300 16
072 J000300 8
072 K000300 0
072 L000300 9
072 M000300 2
072 N000300 7
072 O000300 0
072 P000300 0
072 Q000300 45
072 R000300 20
072 S000300 3
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 8
<PAGE> PAGE 21
072 X000300 239
072 Y000300 158
072 Z000300 365
072AA000300 0
072BB000300 356
072CC010300 0
072CC020300 247
072DD010300 84
072DD020300 0
072EE000300 0
073 A010300 0.1300
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 127
074 B000300 0
074 C000300 0
074 D000300 6186
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 1603
074 K000300 0
074 L000300 202
074 M000300 28
074 N000300 8146
074 O000300 712
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 53
074 S000300 0
074 T000300 7381
074 U010300 793
074 U020300 0
074 V010300 9.30
074 V020300 0.00
074 W000300 0.0000
074 X000300 6
074 Y000300 0
075 A000300 0
075 B000300 6721
076 000300 0.00
015 A000401 FIDUCIARY TRUST INTERNATIONAL
015 B000401 C
015 C010401 NEW YORK
015 C020401 NY
<PAGE> PAGE 22
015 C030401 10048
015 C040401 0772
015 E010401 X
015 A000402 CITIBANK, N.A.
015 B000402 S
015 C010402 1036 BUENOS AIRES
015 D010402 ARGENTINA
015 E040402 X
015 A000403 NATIONAL AUSTRALIA BANK
015 B000403 S
015 C010403 3000 MELBOURNE
015 D010403 AUSTRALIA
015 E040403 X
015 A000404 CANADA TRUST
015 B000404 S
015 C010404 TORONTO, ONTARIO
015 D010404 M5J 2T2 CANADA
015 E040404 X
015 A000405 EUROCLEAR
015 B000405 S
015 C010405 DK-1092 COPENHAGEN
015 D010405 DENMARK
015 E040405 X
015 A000406 EUROCLEAR
015 B000406 S
015 C010406 B-1210 BELGIUM
015 D010406 EUROPE
015 E040406 X
015 A000407 EUROCLEAR
015 B000407 S
015 C010407 178 RUE MONTMARTRE
015 D010407 FRANCE
015 E040407 X
015 A000408 EUROCLEAR
015 B000408 S
015 C010408 D-65755 ESCHBORN
015 D010408 GERMANY
015 E040408 X
015 A000409 ROYAL BANK OF SCOTLAND
015 B000409 S
015 C010409 DUBLIN 1
015 D010409 IRELAND
015 E040409 X
015 A000410 CITIBANK, N.A.
015 B000410 S
015 C010410 MILAN
015 D010410 ITALY
015 E040410 X
015 A000411 BANK OF TOKYO-MITSUBISHI, LTD.
015 B000411 S
015 C010411 CHUO-KU J-TOKYO
<PAGE> PAGE 23
015 D010411 JAPAN
015 E040411 X
015 A000412 EUROCLEAR
015 B000412 S
015 C010412 4800 DE BREDA (OUBI)
015 D010412 NETHERLANDS
015 E040412 X
015 A000413 EUROCLEAR
015 B000413 S
015 C010413 E-28022 MADRID
015 D010413 SPAIN
015 E040413 X
015 A000414 EUROCLEAR
015 B000414 S
015 C010414 STOCKHOLM
015 D010414 SWEDEN
015 E040414 X
015 A000415 ROYAL BANK OF SCOTLAND
015 B000415 S
015 C010415 LONDON N1 8XL
015 D010415 UNITIED KINGDOM
015 E040415 X
015 A000416 DEPOSITORY TRUST
015 B000416 S
015 C010416 NEW YORK
015 C020416 NY
015 C030416 10005
015 E010416 X
024 000400 N
025 D000401 0
025 D000402 0
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 0
028 A020400 19
028 A030400 0
028 A040400 0
028 B010400 0
028 B020400 0
028 B030400 0
028 B040400 0
028 C010400 0
028 C020400 0
028 C030400 0
028 C040400 0
028 D010400 0
028 D020400 0
<PAGE> PAGE 24
028 D030400 0
028 D040400 0
028 E010400 0
028 E020400 0
028 E030400 0
028 E040400 0
028 F010400 0
028 F020400 0
028 F030400 0
028 F040400 0
028 G010400 0
028 G020400 19
028 G030400 0
028 G040400 0
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.700
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
055 A000400 Y
055 B000400 N
056 000400 Y
057 000400 N
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 1.4
062 E000400 0.0
062 F000400 0.0
<PAGE> PAGE 25
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 85.9
062 O000400 0.0
062 P000400 7.8
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 6.0
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 Y
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 Y
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
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
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
<PAGE> PAGE 26
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 2382
071 B000400 1987
071 C000400 1133
071 D000400 176
072 A000400 12
072 B000400 90
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 9
072 G000400 75
072 H000400 0
072 I000400 13
072 J000400 7
072 K000400 0
072 L000400 7
072 M000400 0
072 N000400 8
072 O000400 0
072 P000400 0
072 Q000400 48
072 R000400 20
072 S000400 3
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 9
072 X000400 199
072 Y000400 193
072 Z000400 83
072AA000400 0
072BB000400 78
072CC010400 0
072CC020400 10
072DD010400 44
072DD020400 0
072EE000400 4
073 A010400 0.3900
073 A020400 0.0000
073 B000400 0.0400
073 C000400 0.0000
074 A000400 18
074 B000400 20
074 C000400 0
074 D000400 1314
<PAGE> PAGE 27
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 232
074 K000400 0
074 L000400 31
074 M000400 31
074 N000400 1646
074 O000400 217
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 27
074 S000400 0
074 T000400 1402
074 U010400 145
074 U020400 0
074 V010400 9.65
074 V020400 0.00
074 W000400 0.0000
074 X000400 8
074 Y000400 0
075 A000400 0
075 B000400 1341
076 000400 0.00
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> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 35,216,230
<INVESTMENTS-AT-VALUE> 40,144,763
<RECEIVABLES> 905,007
<ASSETS-OTHER> 899,490
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 41,077,983
<PAYABLE-FOR-SECURITIES> 492,249
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 80,032
<TOTAL-LIABILITIES> 572,281
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34,589,220
<SHARES-COMMON-STOCK> 2,817,809
<SHARES-COMMON-PRIOR> 1,598,693
<ACCUMULATED-NII-CURRENT> (257,294)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,245,243
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,928,533
<NET-ASSETS> 40,505,702
<DIVIDEND-INCOME> 102,162
<INTEREST-INCOME> 73,653
<OTHER-INCOME> 0
<EXPENSES-NET> 433,109
<NET-INVESTMENT-INCOME> (257,294)
<REALIZED-GAINS-CURRENT> 1,470,695
<APPREC-INCREASE-CURRENT> 3,593,716
<NET-CHANGE-FROM-OPS> 4,807,117
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,708,722
<NUMBER-OF-SHARES-REDEEMED> 489,606
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 21,188,137
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (225,452)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 288,740
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 501,739
<AVERAGE-NET-ASSETS> 28,721,229
<PER-SHARE-NAV-BEGIN> 12.080
<PER-SHARE-NII> (0.090)
<PER-SHARE-GAIN-APPREC> 2.380
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.370
<EXPENSE-RATIO> 1.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 02
<NAME> FTI Funds
FTI International Equity Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 36,940,333
<INVESTMENTS-AT-VALUE> 40,859,457
<RECEIVABLES> 194,041
<ASSETS-OTHER> 883,488
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 41,937,076
<PAYABLE-FOR-SECURITIES> 964,104
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 103,471
<TOTAL-LIABILITIES> 1,067,575
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 37,877,907
<SHARES-COMMON-STOCK> 3,349,788
<SHARES-COMMON-PRIOR> 1,097,739
<ACCUMULATED-NII-CURRENT> 179,233
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,231,385)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,043,746
<NET-ASSETS> 40,869,501
<DIVIDEND-INCOME> 444,674
<INTEREST-INCOME> 111,467
<OTHER-INCOME> 0
<EXPENSES-NET> 515,080
<NET-INVESTMENT-INCOME> 41,061
<REALIZED-GAINS-CURRENT> (837,237)
<APPREC-INCREASE-CURRENT> 3,517,440
<NET-CHANGE-FROM-OPS> 2,721,264
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 302,675
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,541,714
<NUMBER-OF-SHARES-REDEEMED> 301,180
<SHARES-REINVESTED> 11,515
<NET-CHANGE-IN-ASSETS> 28,804,050
<ACCUMULATED-NII-PRIOR> 168,457
<ACCUMULATED-GAINS-PRIOR> (119,531)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 321,927
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 555,655
<AVERAGE-NET-ASSETS> 31,518,231
<PER-SHARE-NAV-BEGIN> 10.990
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> 1.390
<PER-SHARE-DIVIDEND> 0.200
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.200
<EXPENSE-RATIO> 1.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> FTI Funds
FTI International Bond Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 6,265,926
<INVESTMENTS-AT-VALUE> 6,185,723
<RECEIVABLES> 1,804,902
<ASSETS-OTHER> 154,892
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,145,517
<PAYABLE-FOR-SECURITIES> 711,732
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 52,372
<TOTAL-LIABILITIES> 764,104
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,551,563
<SHARES-COMMON-STOCK> 793,422
<SHARES-COMMON-PRIOR> 510,209
<ACCUMULATED-NII-CURRENT> (60,011)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (330)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (109,809)
<NET-ASSETS> 7,381,413
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 445,811
<OTHER-INCOME> 0
<EXPENSES-NET> 80,625
<NET-INVESTMENT-INCOME> 365,186
<REALIZED-GAINS-CURRENT> (356,351)
<APPREC-INCREASE-CURRENT> (247,489)
<NET-CHANGE-FROM-OPS> (238,654)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 84,162
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 148,955
<NUMBER-OF-SHARES-SOLD> 471,526
<NUMBER-OF-SHARES-REDEEMED> 190,941
<SHARES-REINVESTED> 2,628
<NET-CHANGE-IN-ASSETS> 2,179,520
<ACCUMULATED-NII-PRIOR> 12,700
<ACCUMULATED-GAINS-PRIOR> (15,581)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 47,032
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 238,803
<AVERAGE-NET-ASSETS> 6,720,700
<PER-SHARE-NAV-BEGIN> 10.200
<PER-SHARE-NII> 0.500
<PER-SHARE-GAIN-APPREC> (1.040)
<PER-SHARE-DIVIDEND> 0.130
<PER-SHARE-DISTRIBUTIONS> 0.230
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.300
<EXPENSE-RATIO> 1.20
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> FTI Funds
FTI Global Bond Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 1,322,316
<INVESTMENTS-AT-VALUE> 1,334,169
<RECEIVABLES> 262,816
<ASSETS-OTHER> 49,066
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,646,051
<PAYABLE-FOR-SECURITIES> 216,610
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 27,328
<TOTAL-LIABILITIES> 243,938
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,402,811
<SHARES-COMMON-STOCK> 145,310
<SHARES-COMMON-PRIOR> 101,490
<ACCUMULATED-NII-CURRENT> (11,916)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 861
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,357
<NET-ASSETS> 1,402,113
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 89,570
<OTHER-INCOME> 0
<EXPENSES-NET> 6,762
<NET-INVESTMENT-INCOME> 82,808
<REALIZED-GAINS-CURRENT> (77,578)
<APPREC-INCREASE-CURRENT> (9,566)
<NET-CHANGE-FROM-OPS> (4,336)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 44,222
<DISTRIBUTIONS-OF-GAINS> 3,639
<DISTRIBUTIONS-OTHER> 34,838
<NUMBER-OF-SHARES-SOLD> 40,588
<NUMBER-OF-SHARES-REDEEMED> 966
<SHARES-REINVESTED> 4,198
<NET-CHANGE-IN-ASSETS> 344,237
<ACCUMULATED-NII-PRIOR> 29,366
<ACCUMULATED-GAINS-PRIOR> 3,639
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 9,468
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 199,383
<AVERAGE-NET-ASSETS> 1,341,227
<PER-SHARE-NAV-BEGIN> 10.420
<PER-SHARE-NII> 0.620
<PER-SHARE-GAIN-APPREC> (0.660)
<PER-SHARE-DIVIDEND> 0.390
<PER-SHARE-DISTRIBUTIONS> 0.300
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.650
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
