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<PAGE> PAGE 2
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<PAGE> PAGE 4
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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
SIGNATURE JOHN SIEBERT
TITLE SUPERVISOR FIN ADMIN
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001011167
<NAME> THE MEYERS PRIDE VALUE FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-1997
<PERIOD-START> JUN-13-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 1364123
<INVESTMENTS-AT-VALUE> 1506004
<RECEIVABLES> 71177
<ASSETS-OTHER> 145887
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1723068
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 159647
<TOTAL-LIABILITIES> 159647
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1340253
<SHARES-COMMON-STOCK> 127867
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 1563421
<DIVIDEND-INCOME> 10285
<INTEREST-INCOME> 1961
<OTHER-INCOME> 0
<EXPENSES-NET> 15905
<NET-INVESTMENT-INCOME> (3649)
<REALIZED-GAINS-CURRENT> 84708
<APPREC-INCREASE-CURRENT> 141881
<NET-CHANGE-FROM-OPS> 222930
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
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<NUMBER-OF-SHARES-REDEEMED> 5599
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1563421
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<GROSS-EXPENSE> 316508
<AVERAGE-NET-ASSETS> 788823
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.03)
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</TABLE>
The Board of Trustees
of the Meyers Pride Value Fund:
In planning and performing our audit of the financial statements
of the Meyers Pride Value Fund for the period June 13, 1996
(commencement of operations) through May 31, 1997, we considered
its internal controls, 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 controls.
The management of the Meyers Pride Value Fund is responsible for
establishing and maintaining internal controls. In fulfilling this
responsibility, estimates and judgments by management are required to
assess the expected benefits and related costs of internal control
policies and procedures. Two of the objectives of internal controls 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 controls, errors
or irregularities may occur and not be detected. Also, projection
of any evaluation of internal controls 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 controls would not necessarily
disclose all matters in the internal controls 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 controls 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 controls, including
procedures for safeguarding securities, that we consider to be material
weaknesses as defined above as of May 31, 1997.
This report is intended solely for the information and use
of management and the Securities and Exchange Commission.
KPMG Peat Marwick LP
Columbus, Ohio
July 17, 1996
