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<PAGE> PAGE 3
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<PAGE> PAGE 7
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<PAGE> PAGE 10
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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015 A000701 FIDUCIARY TRUST COMPANY INTERNATIONAL
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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015 A000801 FIDUCIARY TRUST COMPANY INTERNATIONAL
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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SIGNATURE STEVE KEANE
TITLE ASST. GEN. COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 0001002191
<NAME> FTI FUNDS
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001002191
<NAME> FTI FUNDS
<SERIES>
<NUMBER> 010
<NAME> FTI MUNICIPAL BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MONTHS
<FISCAL-YEAR-END> Nov-30-1999
<PERIOD-END> May-31-1999
<INVESTMENTS-AT-COST> 64,889,300
<INVESTMENTS-AT-VALUE> 66,055,753
<RECEIVABLES> 959,576
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1,315
<TOTAL-ASSETS> 67,016,644
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 266,822
<TOTAL-LIABILITIES> 266,822
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 65,577,833
<SHARES-COMMON-STOCK> 6,790,150
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (1,411)
<ACCUMULATED-NET-GAINS> 6,947
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,166,453
<NET-ASSETS> 66,749,822
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,247,413
<OTHER-INCOME> 0
<EXPENSES-NET> (205,025)
<NET-INVESTMENT-INCOME> 1,042,388
<REALIZED-GAINS-CURRENT> 6,947
<APPREC-INCREASE-CURRENT> 1,166,453
<NET-CHANGE-FROM-OPS> 2,215,788
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,043,800)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,446,874
<NUMBER-OF-SHARES-REDEEMED> (656,724)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 65,577,834
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 131,928
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 247,338
<AVERAGE-NET-ASSETS> 55,992,710
<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> 0.180
<PER-SHARE-GAIN-APPREC> (0.170)
<PER-SHARE-DIVIDEND> (0.180)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.830
<EXPENSE-RATIO> 0.78
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001002191
<NAME> FTI FUNDS
<SERIES>
<NUMBER> 010
<NAME> FTI SMALL CAPITALIZATION EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MONTHS
<FISCAL-YEAR-END> Nov-30-1999
<PERIOD-END> May-31-1999
<INVESTMENTS-AT-COST> 47,358,666
<INVESTMENTS-AT-VALUE> 54,028,464
<RECEIVABLES> 2,441,562
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 419,965
<TOTAL-ASSETS> 56,889,991
<PAYABLE-FOR-SECURITIES> 1,105,842
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 83,806
<TOTAL-LIABILITIES> 1,189,648
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 46,473,551
<SHARES-COMMON-STOCK> 3,703,154
<SHARES-COMMON-PRIOR> 3,485,703
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (285,800)
<ACCUMULATED-NET-GAINS> 2,842,794
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,669,798
<NET-ASSETS> 55,700,343
<DIVIDEND-INCOME> 50,461
<INTEREST-INCOME> 66,864
<OTHER-INCOME> 0
<EXPENSES-NET> (403,125)
<NET-INVESTMENT-INCOME> (285,800)
<REALIZED-GAINS-CURRENT> 5,556,052
<APPREC-INCREASE-CURRENT> 1,110,720
<NET-CHANGE-FROM-OPS> 3,086,565
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 560,778
<NUMBER-OF-SHARES-REDEEMED> (343,327)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 9,467,537
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (2,713,258)
<GROSS-ADVISORY-FEES> 269,983
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 403,125
<AVERAGE-NET-ASSETS> 54,145,447
<PER-SHARE-NAV-BEGIN> 13.260
<PER-SHARE-NII> (0.080)
<PER-SHARE-GAIN-APPREC> 1.860
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.040
<EXPENSE-RATIO> 1.50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001002191
<NAME> FTI FUNDS
<SERIES>
<NUMBER> 010
<NAME> FTI LARGE CAPITALIZATION GROWTH AND INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MONTHS
<FISCAL-YEAR-END> Nov-30-1999
<PERIOD-END> May-31-1999
<INVESTMENTS-AT-COST> 49,704,495
<INVESTMENTS-AT-VALUE> 96,057,375
<RECEIVABLES> 8,639,410
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 480
<TOTAL-ASSETS> 104,698,265
<PAYABLE-FOR-SECURITIES> 8,982,304
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 108,092
<TOTAL-LIABILITIES> 9,090,396
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 37,261,084
<SHARES-COMMON-STOCK> 8,933,741
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 122,139
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11,870,766
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 46,352,880
<NET-ASSETS> 95,606,869
<DIVIDEND-INCOME> 706,346
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (485,201)
<NET-INVESTMENT-INCOME> 221,145
<REALIZED-GAINS-CURRENT> 11,870,766
<APPREC-INCREASE-CURRENT> 46,352,880
<NET-CHANGE-FROM-OPS> 58,444,791
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (99,007)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,055,159
<NUMBER-OF-SHARES-REDEEMED> (1,121,418)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 37,261,085
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 340,495
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 498,140
<AVERAGE-NET-ASSETS> 96,341,605
<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> 0.030
<PER-SHARE-GAIN-APPREC> 0.680
<PER-SHARE-DIVIDEND> (0.010)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.700
<EXPENSE-RATIO> 1.04
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
