<PAGE> PAGE 1
000 B000000 06/30/98
000 C000000 0001011714
000 D000000 N
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000 F000000 Y
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000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 WWW TRUST
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001 C000000 6062632204
002 A000000 131 PROSPEROUS PLACE SUITE 17B
002 B000000 LEXINGTON
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010 A00AA01 AMERICAN DATA SERVICES, INC.
010 C01AA01 HAUPPAUGE
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011 A00AA01 WWW ADVISORS, INC.
011 B00AA01 8-0152026
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011 C03AA01 40504
012 A00AA01 AMERICAN DATA SERVICES, INC.
<PAGE> PAGE 2
012 B00AA01 84-1964
012 C01AA01 HAUPPAUGE
012 C02AA01 NY
012 C03AA01 11788
013 A00AA01 BERGE & COMPANY, LTD.
013 B01AA01 CINCINNATI
013 B02AA01 OH
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<PAGE> PAGE 3
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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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SIGNATURE JAMES COLANTINO
TITLE SENIOR ADMINISTRATOR
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001011714
<NAME> WWW INTERNET FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 2659278
<INVESTMENTS-AT-VALUE> 2718304
<RECEIVABLES> 51857
<ASSETS-OTHER> 45695
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2815856
<PAYABLE-FOR-SECURITIES> 169868
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 17663
<TOTAL-LIABILITIES> 187531
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2458129
<SHARES-COMMON-STOCK> 240014
<SHARES-COMMON-PRIOR> 175806
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 111170
<OVERDISTRIBUTION-GAINS> 0
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<DIVIDEND-INCOME> 6178
<INTEREST-INCOME> 8834
<OTHER-INCOME> 0
<EXPENSES-NET> 61186
<NET-INVESTMENT-INCOME> (46174)
<REALIZED-GAINS-CURRENT> 224862
<APPREC-INCREASE-CURRENT> 191091
<NET-CHANGE-FROM-OPS> 369779
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 306145
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<NUMBER-OF-SHARES-REDEEMED> 100817
<SHARES-REINVESTED> 32578
<NET-CHANGE-IN-ASSETS> 696963
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<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-EXPENSE> 124496
<AVERAGE-NET-ASSETS> 2447457
<PER-SHARE-NAV-BEGIN> 10.99
<PER-SHARE-NII> (.21)
<PER-SHARE-GAIN-APPREC> 1.70
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<PER-SHARE-DISTRIBUTIONS> 1.53
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</TABLE>
Board of Trustees
WWW Trust
In planning and performing our audit of the financial statements of the WWW
Trust for the year ended June 30, 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 WWW Trust 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 transactions are
executed in accordance with managements 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 may not be detected. Also, projection of
any evaluation of the structure to future periods in 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 June 30, 1998.
This report is intended solely for the information and use of management and
the Securities and Exchange Commission.
July 16, 1998
