<PAGE> PAGE 1
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000 C000000 0001018140
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<PAGE> PAGE 2
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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 BRUCE MCKIBBEN
TITLE MGR/FINANCIAL REPTG
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001018140
<NAME> PROACTIVE ASSET ALLOCATION FUND
<SERIES>
<NUMBER> 001
<NAME> OPTI-FLEX DYNAMIC FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 13824725
<INVESTMENTS-AT-VALUE> 18792549
<RECEIVABLES> 21
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 16986
<TOTAL-ASSETS> 18809556
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<OTHER-ITEMS-LIABILITIES> 63853
<TOTAL-LIABILITIES> 63853
<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 1186446
<SHARES-COMMON-PRIOR> 1222987
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<OVERDISTRIBUTION-GAINS> 0
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<NET-INVESTMENT-INCOME> (229441)
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<FN>
<F1>
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</TABLE>
The Board of Trustees and Shareholders of
OPTI-flex Dynamic Fund:
In planning and performing our audit of the financial
statements of The OPTI-flex Dynamic Fund (the Fund)
for the year ended December 31, 1999, we considered
its internal control, including control activities 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 internal control.
The management of the Fund is responsible for establishing
and maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management
are required to assess the expected benefits and related costs
of controls. Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial statements
for external purposes that are fairly presented in conformity
with generally accepted accounting principles. Those controls
include the safeguarding of assets against unauthorized
acquisition, use, or disposition.
Because of inherent limitations in any internal control,
error or fraud may occur and not be detected. Also,
projection of any evaluation of internal control 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 internal control would not necessarily
disclose all matters in internal control 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 one or more internal control components
does not reduce to a relatively low level the risk that
misstatements caused by error or fraud 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 internal control and its operation,
including controls for safeguarding securities, that we
consider to be material weaknesses as defined above as
of December 31, 1999.
This report is intended solely for the information and use
of management, the Board of Trustees and Shareholders
of the Funds, and the Securities and Exchange Commission
and is not intended to be and should not be used by anyone
other than these specified parties.
KPMG LLP
Columbus, Ohio
February 11, 2000
