MARKETVEST FUNDS INC
NSAR-B, 1998-04-29
Previous: MARKETVEST FUNDS INC, N-30D, 1998-04-29
Next: FIRST AMERICAN SCIENTIFIC CORP NV, 10-K, 1998-04-29



<PAGE>      PAGE  1
000 B000000 02/28/98
000 C000000 0001002785
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 MARKETVEST FUNDS, INC.
001 B000000 811-07385
001 C000000 4122881484
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  3
007 C010100  1
007 C020100 MARKETVEST EQUITY FUND
007 C030100 N
007 C010200  2
007 C020200 MARKETVEST SHORT-TERM BOND FUND
007 C030200 N
007 C010300  3
007 C020300 MARKETVEST INTERMEDIATE US GOV'T BOND FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 DAUPHIN DEPOSIT BANK AND TRUST COMPANY
008 B00AA01 A
008 C00AA01 801-0000
008 D01AA01 HARRISBURG
008 D02AA01 PA
008 D03AA01 17101
010 A00AA01 FEDERATED ADMINISTRATIVE SERVICES
010 C01AA01 PITTSBURGH
010 C02AA01 PA
010 C03AA01 15222
010 C04AA01 3779
011 A00AA01 EDGEWOOD SERVICES, INC.
<PAGE>      PAGE  2
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
014 A00AA01 HOPPER SOLIDAY
014 B00AA01 8-38435
014 A00AA02 FIRST MARYLAND BROKERAGE CORPORATION
014 B00AA02 8-35232
014 A00AA03 GOODBODY STOCK BROKERS
014 B00AA03 8-00000
014 A00AA04 ALLIED PHILIP CAPITAL MANAGEMNET, LTD.
014 B00AA04 8-00000
015 A00AA01 DAUPHIN DEPOSIT BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 HARRISBURG
015 C02AA01 PA
015 C03AA01 17101
015 E03AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    2
019 C00AA00 MARKETVEST
020 A000001 SMITH BARNEY, INC.
020 B000001 13-1912900
020 C000001    107
020 A000002 ESI SECURITIES CO.
020 C000002     99
020 A000003 LAURENCE J BARR & ASSOCIATES
020 C000003     81
020 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH CO.
020 B000004 13-5674085
020 C000004     77
020 A000005 BEAR, STEARNS & CO., INC.
020 B000005 13-3299429
020 C000005     76
020 A000006 DLJ CAPITAL MARKETS
020 C000006     39
020 A000007 KIDDER, PEABODY & CO., INC.
020 B000007 13-5650440
020 C000007     28
<PAGE>      PAGE  3
020 A000008 CIBC OPPENHEIMER & CO.
020 C000008     18
020 A000009 AMERICAN EXPRESS CREDIT CORP.
020 B000009 11-1988350
020 C000009      7
020 A000010 U.S. CLEARING CORPORATION
020 C000010      7
021  000000      555
022 A000001 BEAR, STEARNS & CO., INC.
022 C000001   5082609
022 D000001       846
022 A000002 DEAN WITTER REYNOLDS, INC.
022 B000002 94-1671384
022 C000002   3209375
022 D000002     17712
022 A000003 PIPER, JAFFRAY & HOPWOOD, INC.
022 B000003 13-5318885
022 C000003    895442
022 D000003    874884
022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000004 13-5674085
022 C000004   1596978
022 D000004         0
022 A000005 BEAR, STEARNS & CO., INC.
022 B000005 13-3299429
022 C000005   1116227
022 D000005     10150
022 A000006 M.L. PIERCE FENNER SMITH INC.
022 C000006    257788
022 D000006         0
022 A000007 MCDONALD & CO. SECURITIES, INC.
022 B000007 34-0642435
022 C000007     94196
022 D000007    109253
022 A000008 GOLDMAN, SACHS & CO.
022 B000008 13-5108880
022 C000008     13443
022 D000008    157538
022 A000009 FIRST BOSTON CORP.
022 C000009    147027
022 D000009         0
022 A000010 PROVIDENT NATIONAL BANK
022 C000010     72572
022 D000010     72560
023 C000000   12814392
023 D000000    1490298
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 N
026 E000000 Y
<PAGE>      PAGE  4
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027  000000 Y
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
055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
077 A000000 Y
077 B000000 Y
<PAGE>      PAGE  5
077 C000000 N
077 D000000 N
077 E000000 N
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 TRAVELERS CASUALTY AND SURETY COMPANY OF AMER
080 C00AA00    85000
081 A00AA00 Y
081 B00AA00 276
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
024  000100 N
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      5947
028 A020100       224
028 A030100         0
028 A040100     18650
028 B010100      4280
028 B020100       254
028 B030100         0
028 B040100     17075
028 C010100      3779
028 C020100       260
028 C030100         0
<PAGE>      PAGE  6
028 C040100      7280
028 D010100     19044
028 D020100     23209
028 D030100         0
028 D040100     33802
028 E010100     10833
028 E020100       182
028 E030100         0
028 E040100     38526
028 F010100      2864
028 F020100       230
028 F030100         0
028 F040100     12095
028 G010100     46746
028 G020100     24359
028 G030100         0
028 G040100    127426
028 H000100     46748
029  000100 Y
030 A000100     82
030 B000100  4.75
030 C000100  3.00
031 A000100      0
031 B000100      0
032  000100     82
033  000100      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
<PAGE>      PAGE  7
048 K020100 0.000
058 A000100 N
059  000100 Y
060 A000100 Y
060 B000100 Y
061  000100     1000
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 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
<PAGE>      PAGE  8
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
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    164753
071 B000100    301016
071 C000100    545556
071 D000100   30
072 A000100 12
072 B000100     1850
072 C000100    10815
072 D000100        0
072 E000100        0
072 F000100     5824
072 G000100      874
072 H000100        0
072 I000100       31
072 J000100       68
072 K000100        0
072 L000100        8
072 M000100       16
072 N000100       18
072 O000100        0
072 P000100        0
072 Q000100       97
072 R000100       24
072 S000100       12
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100       27
072 X000100     6996
072 Y000100     1165
<PAGE>      PAGE  9
072 Z000100     6834
072AA000100    89987
072BB000100     9865
072CC010100    71490
072CC020100        0
072DD010100     6768
072DD020100        0
072EE000100    59362
073 A010100   0.1500
073 A020100   0.0000
073 B000100   1.3600
073 C000100   0.0000
074 A000100        0
074 B000100    45068
074 C000100        5
074 D000100        0
074 E000100        0
074 F000100   531195
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100     1372
074 M000100       26
074 N000100   577665
074 O000100        0
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100      511
074 S000100        0
074 T000100   577154
074 U010100    41227
074 U020100        0
074 V010100    14.00
074 V020100     0.00
074 W000100   0.0000
074 X000100      245
074 Y000100        0
075 A000100        0
075 B000100   578481
076  000100     0.00
024  000200 Y
025 A000201 GOLDMAN SACHS
025 C000201 D
025 D000201    5011
025 A000202 LEHMAN BROTHERS
025 C000202 D
<PAGE>      PAGE  10
025 D000202    4030
025 A000203 DEAN WITTER
025 C000203 D
025 D000203   20084
025 D000204       0
025 D000205       0
025 D000206       0
025 D000207       0
025 D000208       0
028 A010200      4236
028 A020200       693
028 A030200         0
028 A040200      1588
028 B010200      1687
028 B020200       365
028 B030200         0
028 B040200      9333
028 C010200      1098
028 C020200       376
028 C030200         0
028 C040200      1284
028 D010200      1396
028 D020200       372
028 D030200         0
028 D040200      4678
028 E010200      1272
028 E020200       370
028 E030200         0
028 E040200      5492
028 F010200      1113
028 F020200       355
028 F030200         0
028 F040200      1171
028 G010200     10803
028 G020200      2531
028 G030200         0
028 G040200     23547
028 H000200      9863
029  000200 Y
030 A000200      0
030 B000200  3.50
030 C000200  2.00
031 A000200      0
031 B000200      0
032  000200      0
033  000200      0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.750
048 A010200        0
<PAGE>      PAGE  11
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
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
058 A000200 N
059  000200 Y
060 A000200 Y
060 B000200 Y
061  000200     1000
062 A000200 Y
062 B000200   0.0
062 C000200   0.0
062 D000200  15.0
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   1.5
062 N000200  10.5
062 O000200   0.0
062 P000200  47.3
062 Q000200  23.5
062 R000200   0.0
063 A000200   0
063 B000200  4.9
064 A000200 N
064 B000200 N
066 A000200 N
067  000200 N
068 A000200 N
<PAGE>      PAGE  12
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
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 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 Y
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    172727
071 B000200    188244
071 C000200    127785
071 D000200  135
072 A000200 12
072 B000200     9349
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200     1062
072 G000200      212
072 H000200        0
072 I000200       21
<PAGE>      PAGE  13
072 J000200       29
072 K000200        0
072 L000200        7
072 M000200        3
072 N000200       14
072 O000200        5
072 P000200        0
072 Q000200       45
072 R000200       24
072 S000200        8
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200       17
072 X000200     1443
072 Y000200      276
072 Z000200     8182
072AA000200        0
072BB000200      317
072CC010200      584
072CC020200        0
072DD010200     8140
072DD020200        0
072EE000200        0
073 A010200   0.5700
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200      930
074 B000200    20084
074 C000200        2
074 D000200   110500
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200        0
074 L000200     2518
074 M000200       25
074 N000200   134059
074 O000200        0
074 P000200        0
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200      515
074 S000200        0
074 T000200   133544
<PAGE>      PAGE  14
074 U010200    13404
074 U020200        0
074 V010200     9.96
074 V020200     0.00
074 W000200   0.0000
074 X000200       17
074 Y000200        0
075 A000200        0
075 B000200   141579
076  000200     0.00
024  000300 Y
025 A000301 DEAN WITTER
025 C000301 D
025 D000301   16307
025 D000302       0
025 D000303       0
025 D000304       0
025 D000305       0
025 D000306       0
025 D000307       0
025 D000308       0
028 A010300      7417
028 A020300       817
028 A030300         0
028 A040300     21185
028 B010300      3766
028 B020300       454
028 B030300         0
028 B040300      2185
028 C010300      5668
028 C020300       434
028 C030300         0
028 C040300      1468
028 D010300      8211
028 D020300       832
028 D030300         0
028 D040300     22263
028 E010300      2449
028 E020300         0
028 E030300         0
028 E040300      2423
028 F010300      1945
028 F020300       390
028 F030300         0
028 F040300      1175
028 G010300     29455
028 G020300      2928
028 G030300         0
028 G040300     50699
028 H000300     29332
029  000300 Y
<PAGE>      PAGE  15
030 A000300      1
030 B000300  3.50
030 C000300  2.00
031 A000300      0
031 B000300      0
032  000300      1
033  000300      0
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.750
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
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
058 A000300 N
059  000300 Y
060 A000300 Y
060 B000300 Y
061  000300     1000
062 A000300 Y
062 B000300   0.0
062 C000300   0.0
062 D000300   6.2
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  33.5
<PAGE>      PAGE  16
062 N000300  16.2
062 O000300   1.0
062 P000300  21.1
062 Q000300  22.9
062 R000300   0.0
063 A000300   0
063 B000300  9.0
064 A000300 N
064 B000300 N
066 A000300 N
067  000300 N
068 A000300 N
068 B000300 N
069  000300 N
070 A010300 Y
070 A020300 Y
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 N
070 M020300 N
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   1105543
<PAGE>      PAGE  17
071 B000300   1100926
071 C000300    255504
071 D000300  431
072 A000300 12
072 B000300    20648
072 C000300       49
072 D000300        0
072 E000300        0
072 F000300     2023
072 G000300      405
072 H000300        0
072 I000300       31
072 J000300       40
072 K000300        0
072 L000300       10
072 M000300        7
072 N000300       19
072 O000300        3
072 P000300        0
072 Q000300       76
072 R000300       28
072 S000300       10
072 T000300        0
072 U000300        0
072 V000300        0
072 W000300       14
072 X000300     2667
072 Y000300      525
072 Z000300    18555
072AA000300     6661
072BB000300     7584
072CC010300     2239
072CC020300        0
072DD010300    13728
072DD020300        0
072EE000300        0
073 A010300   0.6700
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300        1
074 B000300    16307
074 C000300        6
074 D000300   246019
074 E000300     4508
074 F000300        0
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300    10154
074 K000300        0
<PAGE>      PAGE  18
074 L000300     3657
074 M000300       25
074 N000300   280676
074 O000300    14866
074 P000300        0
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300     1244
074 S000300        0
074 T000300   264566
074 U010300    26848
074 U020300        0
074 V010300     9.85
074 V020300     0.00
074 W000300   0.0000
074 X000300       26
074 Y000300        0
075 A000300        0
075 B000300   267599
076  000300     0.00
SIGNATURE   S. ELLIOTT COHAN                             
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   01                                             
     <NAME>                     Marketvest Funds                               
                                Marketvest Equity Fund                         
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Feb-28-1998                                    
<PERIOD-END>                    Feb-28-1998                                    
<INVESTMENTS-AT-COST>           407,909,123                                    
<INVESTMENTS-AT-VALUE>          576,267,378                                    
<RECEIVABLES>                   1,371,759                                      
<ASSETS-OTHER>                  25,641                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  577,664,778                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       510,461                                        
<TOTAL-LIABILITIES>             510,461                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        375,819,872                                    
<SHARES-COMMON-STOCK>           41,226,839                                     
<SHARES-COMMON-PRIOR>           45,422,215                                     
<ACCUMULATED-NII-CURRENT>       117,254                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         32,858,936                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        168,358,255                                    
<NET-ASSETS>                    577,154,317                                    
<DIVIDEND-INCOME>               10,815,128                                     
<INTEREST-INCOME>               1,849,687                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  5,831,285                                      
<NET-INVESTMENT-INCOME>         6,833,530                                      
<REALIZED-GAINS-CURRENT>        80,122,742                                     
<APPREC-INCREASE-CURRENT>       71,490,145                                     
<NET-CHANGE-FROM-OPS>           158,446,417                                    
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       6,767,603                                      
<DISTRIBUTIONS-OF-GAINS>        59,361,856                                     
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         6,183,760                                      
<NUMBER-OF-SHARES-REDEEMED>     12,877,294                                     
<SHARES-REINVESTED>             2,486,729                                      
<NET-CHANGE-IN-ASSETS>          36,265,593                                     
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       (230,975)                                      
<OVERDISTRIB-NII-PRIOR>         4,647                                          
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           5,823,743                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 6,996,034                                      
<AVERAGE-NET-ASSETS>            578,481,461                                    
<PER-SHARE-NAV-BEGIN>           11.910                                         
<PER-SHARE-NII>                 0.150                                          
<PER-SHARE-GAIN-APPREC>         3.450                                          
<PER-SHARE-DIVIDEND>            0.150                                          
<PER-SHARE-DISTRIBUTIONS>       0.190                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.850                                         
<EXPENSE-RATIO>                 1.00                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   02                                             
     <NAME>                     Marketvest Funds                               
                                Marketvest Short-Term Bond Fund                
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Feb-28-1998                                    
<PERIOD-END>                    Feb-28-1998                                    
<INVESTMENTS-AT-COST>           130,153,009                                    
<INVESTMENTS-AT-VALUE>          130,586,201                                    
<RECEIVABLES>                   2,518,389                                      
<ASSETS-OTHER>                  954,211                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  134,058,801                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       514,529                                        
<TOTAL-LIABILITIES>             514,529                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        133,384,056                                    
<SHARES-COMMON-STOCK>           13,404,080                                     
<SHARES-COMMON-PRIOR>           14,423,080                                     
<ACCUMULATED-NII-CURRENT>       47,279                                         
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (320,255)                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        433,192                                        
<NET-ASSETS>                    133,544,272                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               9,348,644                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,166,981                                      
<NET-INVESTMENT-INCOME>         8,181,663                                      
<REALIZED-GAINS-CURRENT>        (316,674)                                      
<APPREC-INCREASE-CURRENT>       584,453                                        
<NET-CHANGE-FROM-OPS>           8,449,442                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       8,139,747                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         2,528,189                                      
<NUMBER-OF-SHARES-REDEEMED>     4,262,730                                      
<SHARES-REINVESTED>             440,487                                        
<NET-CHANGE-IN-ASSETS>          12,633,545                                     
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       (230,975)                                      
<OVERDISTRIB-NII-PRIOR>         4,647                                          
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,062,137                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,442,750                                      
<AVERAGE-NET-ASSETS>            141,579,056                                    
<PER-SHARE-NAV-BEGIN>           9.950                                          
<PER-SHARE-NII>                 0.570                                          
<PER-SHARE-GAIN-APPREC>         0.010                                          
<PER-SHARE-DIVIDEND>            0.570                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             9.960                                          
<EXPENSE-RATIO>                 0.82                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   03                                             
     <NAME>                     Marketvest Funds                               
                                Marketvest Intermediate U.S. Government Bond F 
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Feb-28-1998                                    
<PERIOD-END>                    Feb-28-1998                                    
<INVESTMENTS-AT-COST>           267,105,938                                    
<INVESTMENTS-AT-VALUE>          266,839,274                                    
<RECEIVABLES>                   13,811,311                                     
<ASSETS-OTHER>                  25,390                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  280,675,975                                    
<PAYABLE-FOR-SECURITIES>        14,866,094                                     
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       1,244,279                                      
<TOTAL-LIABILITIES>             16,110,373                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        266,689,146                                    
<SHARES-COMMON-STOCK>           26,847,913                                     
<SHARES-COMMON-PRIOR>           28,702,532                                     
<ACCUMULATED-NII-CURRENT>       14,225                                         
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (1,871,105)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        (266,664)                                      
<NET-ASSETS>                    264,565,602                                    
<DIVIDEND-INCOME>               48,816                                         
<INTEREST-INCOME>               20,647,768                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  2,141,705                                      
<NET-INVESTMENT-INCOME>         18,554,879                                     
<REALIZED-GAINS-CURRENT>        (922,705)                                      
<APPREC-INCREASE-CURRENT>       2,239,247                                      
<NET-CHANGE-FROM-OPS>           19,871,421                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       18,542,241                                     
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         7,072,224                                      
<NUMBER-OF-SHARES-REDEEMED>     7,146,010                                      
<SHARES-REINVESTED>             529,314                                        
<NET-CHANGE-IN-ASSETS>          258,941,823                                    
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       (230,975)                                      
<OVERDISTRIB-NII-PRIOR>         4,647                                          
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,022,537                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 2,666,882                                      
<AVERAGE-NET-ASSETS>            267,598,554                                    
<PER-SHARE-NAV-BEGIN>           9.820                                          
<PER-SHARE-NII>                 0.670                                          
<PER-SHARE-GAIN-APPREC>         0.030                                          
<PER-SHARE-DIVIDEND>            0.670                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             9.850                                          
<EXPENSE-RATIO>                 0.79                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission