<PAGE> PAGE 1
000 A000000 06/30/97
000 C000000 0001004971
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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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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SIGNATURE TIMOTHY N. COAKLEY
TITLE ACCOUNTANT
<TABLE> <S> <C>
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<CIK> 0001004971
<NAME> THE NAVELLIER PERFORMANCE FUNDS
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<NAME> NAVELLIER AGGRESSIVE GROWTH PORTFOLIO
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<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.380
<EXPENSE-RATIO> 2.000
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001004971
<NAME> THE NAVELLIER PERFORMANCE FUNDS
<SERIES>
<NUMBER> 3
<NAME> NAVELLIER AGGRESSIVE SMALL CAP PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> MAR-18-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 5,049,737
<INVESTMENTS-AT-VALUE> 5,603,295
<RECEIVABLES> 20,628
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,623,923
<PAYABLE-FOR-SECURITIES> 344,081
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,703
<TOTAL-LIABILITIES> 349,784
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,720,047
<SHARES-COMMON-STOCK> 294,943
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (2,887)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,421
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 553,558
<NET-ASSETS> 5,274,139
<DIVIDEND-INCOME> 3,812
<INTEREST-INCOME> 5,835
<OTHER-INCOME> 0
<EXPENSES-NET> (12,534)
<NET-INVESTMENT-INCOME> (2,887)
<REALIZED-GAINS-CURRENT> 3,421
<APPREC-INCREASE-CURRENT> 553,558
<NET-CHANGE-FROM-OPS> 554,092
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 340,583
<NUMBER-OF-SHARES-REDEEMED> (45,640)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5,274,139
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 9,299
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 55,473
<AVERAGE-NET-ASSETS> 153,721
<PER-SHARE-NAV-BEGIN> 15.640
<PER-SHARE-NII> (0.010)
<PER-SHARE-GAIN-APPREC> 2.250
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.880
<EXPENSE-RATIO> 1.550
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
CHANGE OF REGISTRANTS CERTIFYING ACCOUNTANTS
304(a)(1)(i)
The Client-Auditor relationship with
Deloitte & Touche, LLP, the former principal
accountant to the registrant,
ceased effective June 24, 1997.
304(a)(1)(ii)
The financial statements of the registrant
for the past
two fiscal years contained no adverse
opinion or a disclaimer
of opinion,
nor was it qualified or modified
as to uncertainty, audit scope,
or accounting principles.
304(a)(1)(iii)
The change of accountants resulted
from the resignation by the accountants.
304(a)(1)(iv)
During the registrant's two most recent
fiscal years ended December 31, 1996, there
were no disagreements
with the former accountants, Deloitte & Touche,
LLP, on any matter of accounting principles
or practices,
financial statement disclosure, or auditing
scope or procedure.
304(a)(1)(v)
No information required.
304(a)(1)(2)
Tait, Weller & Baker has been selected to audit
the registrant's accounts and records for the
fiscal year ending
December 31, 1997.
304(a)(2)(i)
There were no discussions relating to the
application of accounting principles to a specific
transaction
either completed or proposed or the type of
audit opinion that might be rendered on the
registrant's financial statements, either on the
previous two
fiscal years ended December 31, 1996, audited by
Deloitte & Touche, LLP or on the proposed
audit of the registrant for the fiscal year
ending December 31, 1997,
by Tait, Weller & Baker.
304(a)(2)(ii)
No matter to report.
304(b)
No disagreement of the type described in
paragraph (a)(1)(iv) or any reportable event
as described in paragraph (a)(1)(v) to report.
Deloitte &
Touche LLP
Suite 500
555 12th Street, NW
Washington, D.C. 20004-1207
Telephone(202) 879-5600
Facsimile (202) 879-5309
June 24, 1997
Mr. Louis G. Navellier
The Navellier Performance Funds
One East Liberty, Third Floor
Reno, Nevada 89501
Dear Mr. Navellier,
This is to confirm that the client-auditor
relationship
between
The Navellier Performance Funds
(Commission File No.
33-80195) and
Deloittte & Touche LLP has ceased .
.
Yours Truly,
C: Office of the Chief Accountant
SECPS Letter file
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, NW
Washington, DC 20549
