<PAGE> PAGE 1
000 B000000 12/31/98
000 C000000 0001004971
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 THE NAVELLIER PERFORMANCE FUNDS
001 B000000 811-09142
001 C000000 8008878671
002 A000000 1 EAST LIBERTY
002 B000000 RENO
002 C000000 NV
002 D010000 89501
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 8
007 C010100 1
007 C020100 NAVELLIER AGGRESSIVE GROWTH PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 NAVELLIER MID CAP GROWTH PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 NAVELLIER AGGRESSIVE MICRO CAP PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 NAVELLIER SMALL CAP VALUE PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 NAVELLIER LARGE CAP GROWTH PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 NAVELLIER LARGE CAP VALUE PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 NAVELLIER INTERNATIONAL EQUITY PORTFOLIO
007 C030700 N
007 C010800 8
007 C020800 NAVELLIER AGGRESSIVE SMALL CAP EQUITY PORT
007 C030800 N
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
<PAGE> PAGE 2
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
010 A00AA01 NAVELLIER MANAGEMENT, INC.
010 B00AA01 801-45101
010 C01AA01 RENO
010 C02AA01 NV
010 C03AA01 89501
011 A00AA01 NAVELLIER SECURITIES CORP
011 B00AA01 8-7768
011 C01AA01 RENO
011 C02AA01 NV
011 C03AA01 89501
012 A00AA01 RUSHMORE TRUST AND SAVINGS, FSB
012 B00AA01 84-5451
012 C01AA01 BETHESDA
012 C02AA01 MD
012 C03AA01 20814
013 A00AA01 TAIT, WELLER & BAKER
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19102
014 A00AA01 NAVELLIER SECURITIES CORP
014 B00AA01 8-7768
015 A00AA01 RUSHMORE TRUST AND SAVINGS, FSB
015 B00AA01 C
015 C01AA01 BETHESDA
015 C02AA01 MD
015 C03AA01 20814
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 10
019 C00AA00 NAVELLIERS
020 A000001 ERNST & CO.
020 B000001 13-3732556
020 C000001 197
<PAGE> PAGE 3
020 A000002 CAPITAL INSTITUTIONAL SER
020 B000002 15-1565705
020 C000002 161
020 A000003 GOLDMAN SACHS AND CO
020 B000003 13-5108880
020 C000003 37
020 A000004 INSTINET
020 B000004 13-2596491
020 C000004 30
020 A000005 PERSHING
020 C000005 25
020 A000006 ITGI
020 C000006 9
020 A000007 PAINE WEBBER
020 B000007 13-2638166
020 C000007 8
020 A000008 PIPER JAFFRAY
020 C000008 3
020 A000009 CONNING
020 C000009 3
020 A000010 TROSTER SINGER
020 C000010 2
021 000000 475
022 A000001 ERNST & CO.
022 B000001 13-3732556
022 C000001 25209
022 D000001 28243
022 A000002 SMITH BARNEY CO., INC.
022 B000002 13-1912900
022 C000002 24065
022 D000002 23500
022 A000003 CANTOR FITZGERALD
022 B000003 13-3680184
022 C000003 9148
022 D000003 14508
022 A000004 HERZOG, HEIN, GEDULD, INC.
022 B000004 13-1955436
022 C000004 14966
022 D000004 6353
022 A000005 STIFERL NICOLAUS & CO.
022 C000005 2283
022 D000005 293
022 A000006 VAN KASPER
022 C000006 9761
022 D000006 4499
022 A000007 JEFFERIES AND CO., INC.
022 B000007 95-2622900
022 C000007 2588
022 D000007 6766
022 A000008 MERRILL LYNCH
022 B000008 13-2761776
<PAGE> PAGE 4
022 C000008 0
022 D000008 3999
022 A000009 CHARLES SCHWAB
022 B000009 94-1737782
022 C000009 891
022 D000009 1907
022 A000010 MONTGOMERY SECUTITIES
022 B000010 94-1701676
022 C000010 1367
022 D000010 1131
023 C000000 90278
023 D000000 91199
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
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
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 Y
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
<PAGE> PAGE 5
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 0.0
070 A01AA00 Y
070 A02AA00 Y
070 B01AA00 N
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
<PAGE> PAGE 6
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 Y
070 L01AA00 Y
070 L02AA00 Y
070 M01AA00 Y
070 M02AA00 Y
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 Y
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 Y
070 R02AA00 N
077 A000000 Y
077 B000000 Y
078 000000 N
080 A00AA00 FEDERAL INSURANCE CO.
080 C00AA00 3500
081 A00AA00 Y
081 B00AA00 24
082 A00AA00 Y
082 B00AA00 25
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 N
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
008 A000101 NAVELLIER MANAGEMENT, INC.
008 B000101 A
008 C000101 801-45101
008 D010101 RENO
<PAGE> PAGE 7
008 D020101 NV
008 D030101 89501
028 A010100 33524
028 A020100 0
028 A030100 0
028 A040100 38545
028 B010100 22215
028 B020100 0
028 B030100 0
028 B040100 24044
028 C010100 25725
028 C020100 0
028 C030100 0
028 C040100 26746
028 D010100 25622
028 D020100 0
028 D030100 0
028 D040100 20260
028 E010100 12965
028 E020100 0
028 E030100 0
028 E040100 24027
028 F010100 15818
028 F020100 0
028 F030100 0
028 F040100 16704
028 G010100 135869
028 G020100 0
028 G030100 0
028 G040100 150326
028 H000100 0
042 A000100 0
042 B000100 0
042 C000100 100
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 219
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.840
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
<PAGE> PAGE 8
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
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
058 A000100 N
059 000100 Y
060 A000100 N
060 B000100 N
061 000100 2000
066 A000100 Y
066 B000100 Y
066 C000100 N
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
071 A000100 192553
071 B000100 223588
071 C000100 81094
071 D000100 237
072 A000100 12
072 B000100 268
072 C000100 396
072 D000100 0
072 E000100 0
072 F000100 870
072 G000100 219
072 H000100 0
<PAGE> PAGE 9
072 I000100 91
072 J000100 161
072 K000100 0
072 L000100 0
072 M000100 3
072 N000100 18
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 24
072 S000100 0
072 T000100 218
072 U000100 25
072 V000100 0
072 W000100 24
072 X000100 1653
072 Y000100 181
072 Z000100 -808
072AA000100 10858
072BB000100 0
072CC010100 263
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 0
074 B000100 0
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 75756
074 G000100 0
074 H000100 0
074 I000100 7984
074 J000100 7336
074 K000100 0
074 L000100 2074
074 M000100 50
074 N000100 93200
074 O000100 11408
074 P000100 70
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 318
074 S000100 0
<PAGE> PAGE 10
074 T000100 81404
074 U010100 5491
074 U020100 0
074 V010100 14.82
074 V020100 0.00
074 W000100 0.0000
074 X000100 2686
074 Y000100 0
075 A000100 0
075 B000100 87540
076 000100 0.00
008 A000201 NAVELLIER MANAGMENT, INC.
008 B000201 A
008 C000201 801-45101
008 D010201 RENO
008 D020201 NV
008 D030201 89501
028 A010200 1252
028 A020200 0
028 A030200 0
028 A040200 1656
028 B010200 1045
028 B020200 0
028 B030200 0
028 B040200 1180
028 C010200 1432
028 C020200 0
028 C030200 0
028 C040200 1612
028 D010200 484
028 D020200 0
028 D030200 0
028 D040200 222
028 E010200 156
028 E020200 0
028 E030200 0
028 E040200 606
028 F010200 811
028 F020200 170
028 F030200 0
028 F040200 1969
028 G010200 5180
028 G020200 170
028 G030200 0
028 G040200 7245
028 H000200 0
042 A000200 0
042 B000200 0
042 C000200 100
042 D000200 0
042 E000200 0
<PAGE> PAGE 11
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 23
044 000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.840
048 A010200 0
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
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 2000
066 A000200 Y
066 B000200 N
066 C000200 Y
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
<PAGE> PAGE 12
068 A000200 N
068 B000200 N
069 000200 N
071 A000200 17780
071 B000200 18852
071 C000200 8411
071 D000200 211
072 A000200 12
072 B000200 34
072 C000200 85
072 D000200 0
072 E000200 0
072 F000200 91
072 G000200 23
072 H000200 0
072 I000200 12
072 J000200 63
072 K000200 0
072 L000200 0
072 M000200 3
072 N000200 17
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 2
072 S000200 0
072 T000200 23
072 U000200 0
072 V000200 0
072 W000200 3
072 X000200 237
072 Y000200 83
072 Z000200 -35
072AA000200 601
072BB000200 0
072CC010200 486
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 174
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.3100
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 0
074 D000200 0
074 E000200 0
074 F000200 7788
074 G000200 0
<PAGE> PAGE 13
074 H000200 0
074 I000200 448
074 J000200 0
074 K000200 0
074 L000200 152
074 M000200 0
074 N000200 8388
074 O000200 246
074 P000200 8
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 10
074 S000200 0
074 T000200 8124
074 U010200 595
074 U020200 0
074 V010200 13.65
074 V020200 0.00
074 W000200 0.0000
074 X000200 487
074 Y000200 0
075 A000200 0
075 B000200 9248
076 000200 0.00
008 A000301 NAVELLIER MANAGEMENT, INC.
008 B000301 A
008 C000301 801-45101
008 D010301 RENO
008 D020301 NV
008 D030301 89501
028 A010300 1641
028 A020300 0
028 A030300 0
028 A040300 2081
028 B010300 1171
028 B020300 0
028 B030300 0
028 B040300 1283
028 C010300 1667
028 C020300 0
028 C030300 0
028 C040300 1629
028 D010300 1109
028 D020300 0
028 D030300 0
028 D040300 377
028 E010300 268
028 E020300 0
028 E030300 0
<PAGE> PAGE 14
028 E040300 752
028 F010300 1580
028 F020300 0
028 F030300 0
028 F040300 1440
028 G010300 7436
028 G020300 0
028 G030300 0
028 G040300 7562
028 H000300 0
042 A000300 0
042 B000300 0
042 C000300 100
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 14
044 000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.840
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
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 Y
<PAGE> PAGE 15
053 B000300 Y
053 C000300 N
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 2000
066 A000300 Y
066 B000300 N
066 C000300 Y
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
071 A000300 17049
071 B000300 17462
071 C000300 8681
071 D000300 196
072 A000300 12
072 B000300 35
072 C000300 41
072 D000300 0
072 E000300 0
072 F000300 91
072 G000300 24
072 H000300 0
072 I000300 16
072 J000300 63
072 K000300 0
072 L000300 0
072 M000300 3
072 N000300 21
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 2
072 S000300 0
072 T000300 14
072 U000300 0
072 V000300 0
072 W000300 3
072 X000300 237
072 Y000300 94
072 Z000300 -67
072AA000300 0
072BB000300 594
072CC010300 938
<PAGE> PAGE 16
072CC020300 0
072DD010300 0
072DD020300 0
072EE000300 0
073 A010300 0.0000
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 0
074 D000300 0
074 E000300 0
074 F000300 9384
074 G000300 0
074 H000300 0
074 I000300 199
074 J000300 0
074 K000300 0
074 L000300 131
074 M000300 0
074 N000300 9714
074 O000300 0
074 P000300 9
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 54
074 S000300 0
074 T000300 9651
074 U010300 473
074 U020300 0
074 V010300 20.42
074 V020300 0.00
074 W000300 0.0000
074 X000300 541
074 Y000300 0
075 A000300 0
075 B000300 9449
076 000300 0.00
008 A000401 NAVELLIER MANAGEMENT, INC.
008 B000401 A
008 C000401 801-45101
008 D010401 RENO
008 D020401 NV
008 D030401 89501
028 A010400 160
028 A020400 0
028 A030400 0
028 A040400 10
<PAGE> PAGE 17
028 B010400 58
028 B020400 0
028 B030400 0
028 B040400 24
028 C010400 17
028 C020400 0
028 C030400 0
028 C040400 0
028 D010400 83
028 D020400 0
028 D030400 0
028 D040400 5
028 E010400 67
028 E020400 0
028 E030400 0
028 E040400 5
028 F010400 22
028 F020400 7
028 F030400 0
028 F040400 113
028 G010400 407
028 G020400 7
028 G030400 0
028 G040400 157
028 H000400 0
042 A000400 0
042 B000400 0
042 C000400 100
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 1
044 000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.840
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
<PAGE> PAGE 18
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
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 2000
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 Y
066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
071 A000400 1279
071 B000400 450
071 C000400 531
071 D000400 85
072 A000400 12
072 B000400 3
072 C000400 13
072 D000400 0
072 E000400 0
072 F000400 5
072 G000400 1
072 H000400 0
072 I000400 2
072 J000400 29
072 K000400 0
072 L000400 0
072 M000400 4
072 N000400 8
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 8
072 S000400 0
072 T000400 2
072 U000400 18
<PAGE> PAGE 19
072 V000400 0
072 W000400 0
072 X000400 77
072 Y000400 68
072 Z000400 7
072AA000400 0
072BB000400 49
072CC010400 0
072CC020400 48
072DD010400 7
072DD020400 0
072EE000400 0
073 A010400 0.0700
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 0
074 E000400 0
074 F000400 819
074 G000400 0
074 H000400 0
074 I000400 38
074 J000400 0
074 K000400 0
074 L000400 2
074 M000400 73
074 N000400 932
074 O000400 0
074 P000400 1
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 74
074 S000400 0
074 T000400 857
074 U010400 93
074 U020400 0
074 V010400 9.21
074 V020400 0.00
074 W000400 0.0000
074 X000400 48
074 Y000400 0
075 A000400 0
075 B000400 592
076 000400 0.00
008 A000501 NAVELLIER MANGEMENT, INC.
008 B000501 A
<PAGE> PAGE 20
008 C000501 801-45101
008 D010501 RENO
008 D020501 NV
008 D030501 89501
028 A010500 311
028 A020500 0
028 A030500 0
028 A040500 32
028 B010500 402
028 B020500 0
028 B030500 0
028 B040500 21
028 C010500 291
028 C020500 0
028 C030500 0
028 C040500 17
028 D010500 414
028 D020500 0
028 D030500 0
028 D040500 40
028 E010500 333
028 E020500 0
028 E030500 0
028 E040500 172
028 F010500 169
028 F020500 0
028 F030500 0
028 F040500 244
028 G010500 1920
028 G020500 0
028 G030500 0
028 G040500 526
028 H000500 0
042 A000500 0
042 B000500 0
042 C000500 100
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 2
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.840
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
<PAGE> PAGE 21
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 Y
053 B000500 Y
053 C000500 N
058 A000500 N
059 000500 Y
060 A000500 N
060 B000500 N
061 000500 2000
066 A000500 Y
066 B000500 N
066 C000500 Y
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
071 A000500 2454
071 B000500 714
071 C000500 888
071 D000500 80
072 A000500 12
072 B000500 3
072 C000500 7
072 D000500 0
072 E000500 0
072 F000500 8
<PAGE> PAGE 22
072 G000500 2
072 H000500 0
072 I000500 2
072 J000500 30
072 K000500 0
072 L000500 0
072 M000500 4
072 N000500 8
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 8
072 S000500 0
072 T000500 2
072 U000500 19
072 V000500 0
072 W000500 0
072 X000500 83
072 Y000500 69
072 Z000500 -4
072AA000500 0
072BB000500 52
072CC010500 549
072CC020500 0
072DD010500 0
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 0
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 2322
074 G000500 0
074 H000500 0
074 I000500 142
074 J000500 52
074 K000500 0
074 L000500 14
074 M000500 74
074 N000500 2604
074 O000500 126
074 P000500 2
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
<PAGE> PAGE 23
074 R040500 74
074 S000500 0
074 T000500 2402
074 U010500 166
074 U020500 0
074 V010500 14.47
074 V020500 0.00
074 W000500 0.0000
074 X000500 148
074 Y000500 0
075 A000500 0
075 B000500 912
076 000500 0.00
008 A000601 NAVELLIER MANAGEMENT, INC.
008 B000601 A
008 C000601 801-45101
008 D010601 RENO
008 D020601 NV
008 D030601 89501
028 A010600 35
028 A020600 0
028 A030600 0
028 A040600 5
028 B010600 49
028 B020600 0
028 B030600 0
028 B040600 0
028 C010600 16
028 C020600 0
028 C030600 0
028 C040600 11
028 D010600 6
028 D020600 0
028 D030600 0
028 D040600 0
028 E010600 31
028 E020600 0
028 E030600 0
028 E040600 19
028 F010600 24
028 F020600 43
028 F030600 0
028 F040600 162
028 G010600 161
028 G020600 43
028 G030600 0
028 G040600 197
028 H000600 0
042 A000600 0
042 B000600 0
042 C000600 100
<PAGE> PAGE 24
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 1
044 000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.750
048 A010600 0
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 Y
053 B000600 Y
053 C000600 N
058 A000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
061 000600 2000
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 Y
066 E000600 N
066 F000600 N
<PAGE> PAGE 25
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
071 A000600 1671
071 B000600 1188
071 C000600 464
071 D000600 256
072 A000600 12
072 B000600 2
072 C000600 14
072 D000600 0
072 E000600 0
072 F000600 4
072 G000600 1
072 H000600 0
072 I000600 2
072 J000600 29
072 K000600 0
072 L000600 0
072 M000600 4
072 N000600 8
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 8
072 S000600 0
072 T000600 1
072 U000600 18
072 V000600 0
072 W000600 0
072 X000600 75
072 Y000600 68
072 Z000600 9
072AA000600 18
072BB000600 0
072CC010600 54
072CC020600 0
072DD010600 9
072DD020600 0
072EE000600 34
073 A010600 0.1600
073 A020600 0.0000
073 B000600 0.6300
073 C000600 0.0000
074 A000600 0
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
<PAGE> PAGE 26
074 F000600 645
074 G000600 0
074 H000600 0
074 I000600 8
074 J000600 0
074 K000600 0
074 L000600 4
074 M000600 73
074 N000600 730
074 O000600 0
074 P000600 1
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 74
074 S000600 0
074 T000600 655
074 U010600 58
074 U020600 0
074 V010600 11.39
074 V020600 0.00
074 W000600 0.0000
074 X000600 35
074 Y000600 0
075 A000600 0
075 B000600 524
076 000600 0.00
008 A000701 NAVELLIER MANAGMENT, INC.
008 B000701 A
008 C000701 801-45101
008 D010701 RENO
008 D020701 NV
008 D030701 89501
008 A000702 GLOBAL VALUE INVESTORS, INC.
008 B000702 S
008 C000702 801-53846
008 D010702 PRINCETON
008 D020702 NJ
008 D030702 08540
028 A010700 83
028 A020700 0
028 A030700 0
028 A040700 5
028 B010700 86
028 B020700 0
028 B030700 0
028 B040700 85
028 C010700 117
028 C020700 0
028 C030700 0
<PAGE> PAGE 27
028 C040700 96
028 D010700 176
028 D020700 0
028 D030700 0
028 D040700 64
028 E010700 353
028 E020700 0
028 E030700 0
028 E040700 331
028 F010700 348
028 F020700 227
028 F030700 0
028 F040700 340
028 G010700 1163
028 G020700 227
028 G030700 0
028 G040700 921
028 H000700 0
042 A000700 0
042 B000700 0
042 C000700 100
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 16
044 000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 1.000
048 A010700 0
048 A020700 0.000
048 B010700 0
048 B020700 0.000
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
<PAGE> PAGE 28
048 J020700 0.000
048 K010700 0
048 K020700 0.000
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 Y
053 B000700 Y
053 C000700 N
058 A000700 N
059 000700 Y
060 A000700 Y
060 B000700 Y
061 000700 2000
066 A000700 Y
066 B000700 N
066 C000700 Y
066 D000700 N
066 E000700 N
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 Y
069 000700 N
071 A000700 12352
071 B000700 2843
071 C000700 6967
071 D000700 41
072 A000700 12
072 B000700 33
072 C000700 72
072 D000700 0
072 E000700 0
072 F000700 66
072 G000700 16
072 H000700 0
072 I000700 2
072 J000700 82
072 K000700 0
072 L000700 0
072 M000700 4
072 N000700 8
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 3
072 S000700 0
072 T000700 16
072 U000700 18
<PAGE> PAGE 29
072 V000700 0
072 W000700 1
072 X000700 215
072 Y000700 100
072 Z000700 -9
072AA000700 232
072BB000700 0
072CC010700 0
072CC020700 202
072DD010700 0
072DD020700 0
072EE000700 227
073 A010700 0.0000
073 A020700 0.0000
073 B000700 0.2300
073 C000700 0.0000
074 A000700 0
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 9526
074 G000700 0
074 H000700 0
074 I000700 812
074 J000700 0
074 K000700 0
074 L000700 5
074 M000700 73
074 N000700 10416
074 O000700 0
074 P000700 11
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 79
074 S000700 0
074 T000700 10326
074 U010700 990
074 U020700 0
074 V010700 10.43
074 V020700 0.00
074 W000700 0.0000
074 X000700 40
074 Y000700 0
075 A000700 0
075 B000700 6547
076 000700 0.00
008 A000801 NAVELLIER MANAGEMENT, INC.
008 B000801 A
<PAGE> PAGE 30
008 C000801 801-45101
008 D010801 RENO
008 D020801 NV
008 D030801 89501
028 A010800 7057
028 A020800 0
028 A030800 0
028 A040800 10179
028 B010800 5049
028 B020800 0
028 B030800 0
028 B040800 6790
028 C010800 5424
028 C020800 0
028 C030800 0
028 C040800 6246
028 D010800 1727
028 D020800 0
028 D030800 0
028 D040800 2076
028 E010800 5087
028 E020800 0
028 E030800 0
028 E040800 8064
028 F010800 8120
028 F020800 0
028 F030800 0
028 F040800 7203
028 G010800 32464
028 G020800 0
028 G030800 0
028 G040800 40558
028 H000800 0
042 A000800 0
042 B000800 0
042 C000800 100
042 D000800 0
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 48
044 000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.840
048 A010800 0
048 A020800 0.000
048 B010800 0
048 B020800 0.000
<PAGE> PAGE 31
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 0
048 K020800 0.000
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 Y
053 B000800 Y
053 C000800 N
058 A000800 N
059 000800 Y
060 A000800 Y
060 B000800 Y
061 000800 2000
066 A000800 Y
066 B000800 Y
066 C000800 N
066 D000800 N
066 E000800 N
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
071 A000800 73746
071 B000800 98638
071 C000800 50916
071 D000800 145
072 A000800 12
072 B000800 196
072 C000800 266
072 D000800 0
072 E000800 0
072 F000800 592
<PAGE> PAGE 32
072 G000800 137
072 H000800 0
072 I000800 80
072 J000800 146
072 K000800 0
072 L000800 0
072 M000800 2
072 N000800 55
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 18
072 S000800 0
072 T000800 48
072 U000800 1
072 V000800 0
072 W000800 3
072 X000800 1082
072 Y000800 188
072 Z000800 -432
072AA000800 0
072BB000800 339
072CC010800 686
072CC020800 0
072DD010800 0
072DD020800 0
072EE000800 0
073 A010800 0.0000
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 0
074 B000800 0
074 C000800 0
074 D000800 0
074 E000800 0
074 F000800 43712
074 G000800 0
074 H000800 0
074 I000800 3521
074 J000800 0
074 K000800 0
074 L000800 212
074 M000800 0
074 N000800 47445
074 O000800 0
074 P000800 41
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
<PAGE> PAGE 33
074 R040800 145
074 S000800 0
074 T000800 47259
074 U010800 2955
074 U020800 0
074 V010800 15.99
074 V020800 0.00
074 W000800 0.0000
074 X000800 3234
074 Y000800 0
075 A000800 0
075 B000800 25672
076 000800 0.00
SIGNATURE TIMOTHY N. COAKLEY
TITLE CFO
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001004971
<NAME> THE NAVELLIER PERFORMANCE FUNDS
<SERIES>
<NUMBER> 1
<NAME> NAVELLIER AGGRESSIVE GROWTH PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 73,327,987
<INVESTMENTS-AT-VALUE> 83,739,983
<RECEIVABLES> 9,410,174
<ASSETS-OTHER> 50,190
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 93,200,347
<PAYABLE-FOR-SECURITIES> 11,407,975
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 388,326
<TOTAL-LIABILITIES> 11,796,241
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 62,208,028
<SHARES-COMMON-STOCK> 5,491,448
<SHARES-COMMON-PRIOR> 7,656,593
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,784,082
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,411,996
<NET-ASSETS> 81,404,106
<DIVIDEND-INCOME> 396,072
<INTEREST-INCOME> 267,860
<OTHER-INCOME> 0
<EXPENSES-NET> (1,471,902)
<NET-INVESTMENT-INCOME> (807,970)
<REALIZED-GAINS-CURRENT> 10,857,763
<APPREC-INCREASE-CURRENT> 262,591
<NET-CHANGE-FROM-OPS> 10,312,384
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 267,578,703
<NUMBER-OF-SHARES-REDEEMED> (298,233,289)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (20,342,202)
<ACCUMULATED-NII-PRIOR> (517,118)
<ACCUMULATED-GAINS-PRIOR> 5,066,000
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 870,444
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,653,175
<AVERAGE-NET-ASSETS> 87,540,499
<PER-SHARE-NAV-BEGIN> 13.290
<PER-SHARE-NII> (0.150)
<PER-SHARE-GAIN-APPREC> 1.680
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.820
<EXPENSE-RATIO> 1.680
<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> 2
<NAME> NAVELLIER MID CAP PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 6,506,213
<INVESTMENTS-AT-VALUE> 8,236,356
<RECEIVABLES> 152,127
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,388,483
<PAYABLE-FOR-SECURITIES> 246,315
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 18,502
<TOTAL-LIABILITIES> 264,817
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,032,218
<SHARES-COMMON-STOCK> 594,970
<SHARES-COMMON-PRIOR> 673,394
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 361,305
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,730,143
<NET-ASSETS> 8,123,666
<DIVIDEND-INCOME> 84,676
<INTEREST-INCOME> 34,335
<OTHER-INCOME> 0
<EXPENSES-NET> (153,954)
<NET-INVESTMENT-INCOME> (34,943)
<REALIZED-GAINS-CURRENT> 600,569
<APPREC-INCREASE-CURRENT> 485,817
<NET-CHANGE-FROM-OPS> 1,051,443
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (174,079)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14,064,660
<NUMBER-OF-SHARES-REDEEMED> (15,360,950)
<SHARES-REINVESTED> 170,002
<NET-CHANGE-IN-ASSETS> (248,924)
<ACCUMULATED-NII-PRIOR> (18,860)
<ACCUMULATED-GAINS-PRIOR> 1,034,641
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 90,643
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 236,847
<AVERAGE-NET-ASSETS> 9,248,181
<PER-SHARE-NAV-BEGIN> 12.430
<PER-SHARE-NII> (0.060)
<PER-SHARE-GAIN-APPREC> 1.590
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.310)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.650
<EXPENSE-RATIO> 1.660
<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 MICRO CAP PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 7,614,556
<INVESTMENTS-AT-VALUE> 9,583,203
<RECEIVABLES> 131,072
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,714,275
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 62,829
<TOTAL-LIABILITIES> 62,829
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,080,116
<SHARES-COMMON-STOCK> 472,643
<SHARES-COMMON-PRIOR> 499,634
<ACCUMULATED-NII-CURRENT> (11,986)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (385,331)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,968,647
<NET-ASSETS> 9,651,446
<DIVIDEND-INCOME> 40,669
<INTEREST-INCOME> 35,023
<OTHER-INCOME> 0
<EXPENSES-NET> (142,782)
<NET-INVESTMENT-INCOME> (67,090)
<REALIZED-GAINS-CURRENT> (593,873)
<APPREC-INCREASE-CURRENT> 938,282
<NET-CHANGE-FROM-OPS> 277,319
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16,347,179
<NUMBER-OF-SHARES-REDEEMED> (17,163,447)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (538,949)
<ACCUMULATED-NII-PRIOR> (35,106)
<ACCUMULATED-GAINS-PRIOR> 743,788
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 90,856
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 236,582
<AVERAGE-NET-ASSETS> 9,448,543
<PER-SHARE-NAV-BEGIN> 20.400
<PER-SHARE-NII> (0.140)
<PER-SHARE-GAIN-APPREC> 0.160
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.420
<EXPENSE-RATIO> 1.510
<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> 4
<NAME> NAVELLIER SMALL CAP VALUE PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 903,631
<INVESTMENTS-AT-VALUE> 857,044
<RECEIVABLES> 1,210
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 73,440
<TOTAL-ASSETS> 931,694
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 74,598
<TOTAL-LIABILITIES> 74,598
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 952,947
<SHARES-COMMON-STOCK> 93,069
<SHARES-COMMON-PRIOR> 65,948
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (49,264)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (46,587)
<NET-ASSETS> 857,096
<DIVIDEND-INCOME> 13,169
<INTEREST-INCOME> 2,565
<OTHER-INCOME> 0
<EXPENSES-NET> (9,084)
<NET-INVESTMENT-INCOME> 6,650
<REALIZED-GAINS-CURRENT> (49,214)
<APPREC-INCREASE-CURRENT> (47,797)
<NET-CHANGE-FROM-OPS> (90,361)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,650)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 109,516
<NUMBER-OF-SHARES-REDEEMED> (27,174)
<SHARES-REINVESTED> 722
<NET-CHANGE-IN-ASSETS> 755,888
<ACCUMULATED-NII-PRIOR> 3,501
<ACCUMULATED-GAINS-PRIOR> 2,183
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,147
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 77,108
<AVERAGE-NET-ASSETS> 592,493
<PER-SHARE-NAV-BEGIN> 10.120
<PER-SHARE-NII> 0.070
<PER-SHARE-GAIN-APPREC> (0.910)
<PER-SHARE-DIVIDEND> (0.070)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.210
<EXPENSE-RATIO> 1.530
<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> 5
<NAME> NAVELLIER LARGE CAP GROWTH PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 1,913,746
<INVESTMENTS-AT-VALUE> 2,464,624
<RECEIVABLES> 65,453
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 73,440
<TOTAL-ASSETS> 2,603,517
<PAYABLE-FOR-SECURITIES> 125,584
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 76,386
<TOTAL-LIABILITIES> 201,970
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,902,258
<SHARES-COMMON-STOCK> 165,990
<SHARES-COMMON-PRIOR> 47,053
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (51,859)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 551,148
<NET-ASSETS> 2,401,547
<DIVIDEND-INCOME> 7,164
<INTEREST-INCOME> 2,871
<OTHER-INCOME> 0
<EXPENSES-NET> (14,000)
<NET-INVESTMENT-INCOME> (3,965)
<REALIZED-GAINS-CURRENT> (51,859)
<APPREC-INCREASE-CURRENT> 548,665
<NET-CHANGE-FROM-OPS> 492,841
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 216,274
<NUMBER-OF-SHARES-REDEEMED> (60,290)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,299,006
<ACCUMULATED-NII-PRIOR> (375)
<ACCUMULATED-GAINS-PRIOR> (2,017)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 7,956
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 83,011
<AVERAGE-NET-ASSETS> 911,631
<PER-SHARE-NAV-BEGIN> 10.250
<PER-SHARE-NII> (0.020)
<PER-SHARE-GAIN-APPREC> 4.240
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.470
<EXPENSE-RATIO> 1.540
<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> 6
<NAME> NAVELLIER LARGE CAP VALUE PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 597,849
<INVESTMENTS-AT-VALUE> 652,673
<RECEIVABLES> 3,714
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 73,440
<TOTAL-ASSETS> 729,827
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 74,388
<TOTAL-LIABILITIES> 74,388
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 616,269
<SHARES-COMMON-STOCK> 57,553
<SHARES-COMMON-PRIOR> 56,067
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (15,654)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 54,824
<NET-ASSETS> 655,439
<DIVIDEND-INCOME> 14,251
<INTEREST-INCOME> 2,060
<OTHER-INCOME> 0
<EXPENSES-NET> (7,460)
<NET-INVESTMENT-INCOME> 8,851
<REALIZED-GAINS-CURRENT> 18,166
<APPREC-INCREASE-CURRENT> 53,686
<NET-CHANGE-FROM-OPS> 80,703
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,851)
<DISTRIBUTIONS-OF-GAINS> (33,820)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 75,563
<NUMBER-OF-SHARES-REDEEMED> (31,741)
<SHARES-REINVESTED> 3,723
<NET-CHANGE-IN-ASSETS> 554,225
<ACCUMULATED-NII-PRIOR> 2,135
<ACCUMULATED-GAINS-PRIOR> 13,462
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,950
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 75,130
<AVERAGE-NET-ASSETS> 524,093
<PER-SHARE-NAV-BEGIN> 10.110
<PER-SHARE-NII> 0.160
<PER-SHARE-GAIN-APPREC> 1.910
<PER-SHARE-DIVIDEND> (0.160)
<PER-SHARE-DISTRIBUTIONS> (0.630)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.390
<EXPENSE-RATIO> 1.420
<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> 7
<NAME> NAVELLIER INTERNATIONAL PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 10,540,605
<INVESTMENTS-AT-VALUE> 10,338,011
<RECEIVABLES> 4,356
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 73,440
<TOTAL-ASSETS> 10,415,807
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 89,361
<TOTAL-LIABILITIES> 89,361
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10,532,079
<SHARES-COMMON-STOCK> 990,083
<SHARES-COMMON-PRIOR> 945,395
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,011)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (202,622)
<NET-ASSETS> 10,326,446
<DIVIDEND-INCOME> 72,300
<INTEREST-INCOME> 33,109
<OTHER-INCOME> 0
<EXPENSES-NET> (114,753)
<NET-INVESTMENT-INCOME> (9,344)
<REALIZED-GAINS-CURRENT> 232,783
<APPREC-INCREASE-CURRENT> (202,622)
<NET-CHANGE-FROM-OPS> 21,099
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (226,731)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,063,405
<NUMBER-OF-SHARES-REDEEMED> (96,060)
<SHARES-REINVESTED> 21,738
<NET-CHANGE-IN-ASSETS> 10,316,447
<ACCUMULATED-NII-PRIOR> 39,304
<ACCUMULATED-GAINS-PRIOR> 235,026
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 65,510
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 215,132
<AVERAGE-NET-ASSETS> 6,546,822
<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> (0.010)
<PER-SHARE-GAIN-APPREC> 0.670
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.230)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.430
<EXPENSE-RATIO> 1.750
<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> 8
<NAME> NAVELLIER AGGRESSIVE SMALL CAP EQUITY PORTFOLIO
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 38,608,845
<INVESTMENTS-AT-VALUE> 47,233,110
<RECEIVABLES> 212,199
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 47,445,309
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 185,927
<TOTAL-LIABILITIES> 185,927
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36,587,480
<SHARES-COMMON-STOCK> 2,955,086
<SHARES-COMMON-PRIOR> 3,480,409
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,047,637
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,624,625
<NET-ASSETS> 47,259,382
<DIVIDEND-INCOME> 266,225
<INTEREST-INCOME> 196,099
<OTHER-INCOME> 0
<EXPENSES-NET> (894,736)
<NET-INVESTMENT-INCOME> (432,412)
<REALIZED-GAINS-CURRENT> (338,976)
<APPREC-INCREASE-CURRENT> 686,288
<NET-CHANGE-FROM-OPS> (85,100)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,515,915
<NUMBER-OF-SHARES-REDEEMED> (6,115,946)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (25,619,859)
<ACCUMULATED-NII-PRIOR> (262,706)
<ACCUMULATED-GAINS-PRIOR> 5,401,895
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 591,904
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,082,309
<AVERAGE-NET-ASSETS> 25,672,068
<PER-SHARE-NAV-BEGIN> 16.000
<PER-SHARE-NII> (0.150)
<PER-SHARE-GAIN-APPREC> 0.140
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.990
<EXPENSE-RATIO> 1.630
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
ON INTERNAL CONTROL STRUCTURE
Board of Trustees
The Navellier Performance Funds
Reno, Nevada
In planning and performing our audit of the financial
statements of Navellier Small Cap Equity Portfolio, Navellier
Aggressive Growth Portfolio, Navellier Mid Cap Growth
Portfolio, Navellier Micro Cap Portfolio, Navellier Small Cap
Value Portfolio, Navellier Large Cap Growth, Navellier Large
Value Portfolio and Navellier International Equity Portfolio,
each a series of shares of The Navellier Performance Funds, for
the period ended December 31, 1998, we considered its internal
control structure, including procedures for safeguarding
securities, in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements
and to comply with the requirements of Form N-SAR, not to
provide assurance on the internal control structure.
The management of the Fund is responsible for establishing
and maintaining an internal control structure. In fulfilling
this responsibility, estimates and judgments by management
are required to assess the expected benefits and related costs of
internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide
management with reasonable, but not absolute, assurance that
assets are safeguarded against loss from unauthorized use or
disposition, and that transactions are executed in accordance
with management's authorization and recorded properly to
permit preparation of financial statements in conformity with
generally accepted accounting principles.
Because of inherent limitations in any internal control structure,
errors or irregularities may occur and not be detected. Also,
projection of any evaluation of the structure to future periods is
subject to the risk that it may become inadequate because of
changes in conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of the internal control structure would not
necessarily disclose all matters in the internal control structure
that might be material weaknesses under standards established
by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation
of the specific internal control structure elements does not reduce
to a relatively low level the risk that errors or irregularities in
amounts that would be material in relation to the financial
statements being audited may occur and not be detected within a
timely period by employees in the normal course of performing
their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for
safeguarding securities, that we consider to be material
weaknesses, as defined above, as of December 31, 1998.
This report is intended solely for the information and use of
management and the Securities and Exchange Commission, and
should not be used for any other purpose.
Tait Weller and Baker
Philadelphia, Pennsylvania
February 19, 1999
