<PAGE> PAGE 1
000 B000000 09/30/97
000 C000000 0001019651
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE ROCKLAND FUNDS TRUST
001 B000000 811-7743
001 C000000 4142873315
002 A000000 615 E MICHIGAN STREET
002 B000000 MILWAUKEE
002 C000000 WI
002 D010000 53202
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 ROCKLAND GROWTH FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 GREENVILLE CAPITAL MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-35050
008 D01AA01 ROCKLAND
008 D02AA01 DE
008 D03AA01 19732
010 A00AA01 FIRSTAR TRUST COMPANY
010 B00AA01 85-00410
010 C01AA01 MILWAUKEE
010 C02AA01 WI
010 C03AA01 53202
011 A00AA01 AMERIPRIME FINANCIAL SECURITIES, INC.
011 B00AA01 8-48143
011 C01AA01 SOUTHLAKE
011 C02AA01 TX
011 C03AA01 76092
012 A00AA01 FIRSTAR TRUST COMPANY
<PAGE> PAGE 2
012 B00AA01 85-00410
012 C01AA01 MILWAUKEE
012 C02AA01 WI
012 C03AA01 53202
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 MILWAUKEE
013 B02AA01 WI
013 B03AA01 53202
015 A00AA01 FIRSTAR TRUST COMPANY
015 B00AA01 C
015 C01AA01 MILWAUKEE
015 C02AA01 WI
015 C03AA01 53202
015 E01AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 INSTINET
020 C000001 18
020 A000002 PENNSYLVANIA GROUP
020 C000002 2
020 A000003 CANTOR FITZGERALD COMPANY
020 C000003 2
020 A000004 JOHNSON RICE & COMPANY
020 C000004 2
020 A000005 PAINE WEBBER
020 C000005 2
020 A000006 MERRILL LYNCH
020 C000006 1
020 A000007 MORGAN STANLEY & COMPANY
020 C000007 1
020 A000008 DILLON READ & COMPANY INC.
020 C000008 1
020 A000009 BEAR STEARNS
020 C000009 1
020 A000010 ALEX BROWN & SONS INC.
020 C000010 0
021 000000 34
022 A000001 FIRSTAR BANK MONEY CENTER
022 C000001 6684
022 D000001 0
022 A000002 HERZOG HEINE GOULD INC.
022 C000002 1610
022 D000002 787
022 A000003 ALEX BROWN & SONS INC.
022 C000003 1190
022 D000003 573
022 A000004 MERRILL LYNCH
022 C000004 656
022 D000004 767
022 A000005 OPPENHEIMER & COMPANY
<PAGE> PAGE 3
022 C000005 853
022 D000005 487
022 A000006 CANTOR, FITZGERALD COMPANY
022 C000006 676
022 D000006 424
022 A000007 MONTGOMERY SECURITIES
022 C000007 861
022 D000007 117
022 A000008 ROBERTSON STEPHENS & COMPANY
022 C000008 493
022 D000008 318
022 A000009 PRUDENTIAL SECURITIES
022 C000009 355
022 D000009 313
022 A000010 ADVEST INC.
022 C000010 393
022 D000010 167
023 C000000 18292
023 D000000 5800
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 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A01AA00 115
028 A02AA00 0
028 A03AA00 0
028 A04AA00 0
028 B01AA00 253
028 B02AA00 0
028 B03AA00 0
028 B04AA00 95
028 C01AA00 931
028 C02AA00 0
028 C03AA00 0
028 C04AA00 0
028 D01AA00 707
<PAGE> PAGE 4
028 D02AA00 0
028 D03AA00 0
028 D04AA00 0
028 E01AA00 213
028 E02AA00 0
028 E03AA00 0
028 E04AA00 22
028 F01AA00 586
028 F02AA00 0
028 F03AA00 0
028 F04AA00 65
028 G01AA00 2805
028 G02AA00 0
028 G03AA00 0
028 G04AA00 182
028 H00AA00 46
029 00AA00 Y
030 A00AA00 0
030 B00AA00 3.00
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
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 100
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 17
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 1.000
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
<PAGE> PAGE 5
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 Y
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 10000
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
<PAGE> PAGE 6
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
066 A00AA00 Y
066 B00AA00 N
066 C00AA00 N
066 D00AA00 Y
066 E00AA00 N
066 F00AA00 N
066 G00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 Y
070 A02AA00 Y
070 B01AA00 Y
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 Y
070 D02AA00 N
070 E01AA00 Y
070 E02AA00 N
070 F01AA00 Y
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 N
070 H01AA00 Y
070 H02AA00 N
070 I01AA00 Y
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 Y
070 L01AA00 Y
<PAGE> PAGE 7
070 L02AA00 Y
070 M01AA00 N
070 M02AA00 N
070 N01AA00 Y
070 N02AA00 N
070 O01AA00 N
070 O02AA00 N
070 P01AA00 Y
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 Y
070 R02AA00 Y
071 A00AA00 21845
071 B00AA00 13042
071 C00AA00 6392
071 D00AA00 204
072 A00AA00 10
072 B00AA00 14
072 C00AA00 20
072 D00AA00 0
072 E00AA00 0
072 F00AA00 54
072 G00AA00 31
072 H00AA00 0
072 I00AA00 26
072 J00AA00 13
072 K00AA00 0
072 L00AA00 8
072 M00AA00 4
072 N00AA00 15
072 O00AA00 0
072 P00AA00 0
072 Q00AA00 21
072 R00AA00 8
072 S00AA00 15
072 T00AA00 1
072 U00AA00 6
072 V00AA00 0
072 W00AA00 13
072 X00AA00 215
072 Y00AA00 121
072 Z00AA00 -60
072AA00AA00 54
072BB00AA00 0
072CC01AA00 3132
072CC02AA00 0
072DD01AA00 3
072DD02AA00 0
072EE00AA00 0
073 A01AA00 0.0200
<PAGE> PAGE 8
073 A02AA00 0.0000
073 B00AA00 0.0000
073 C00AA00 0.0000
074 A00AA00 209
074 B00AA00 0
074 C00AA00 0
074 D00AA00 0
074 E00AA00 0
074 F00AA00 11986
074 G00AA00 0
074 H00AA00 0
074 I00AA00 0
074 J00AA00 204
074 K00AA00 17
074 L00AA00 126
074 M00AA00 39
074 N00AA00 12581
074 O00AA00 751
074 P00AA00 0
074 Q00AA00 0
074 R01AA00 0
074 R02AA00 0
074 R03AA00 0
074 R04AA00 49
074 S00AA00 0
074 T00AA00 11781
074 U01AA00 753
074 U02AA00 64
074 V01AA00 14.43
074 V02AA00 14.42
074 W00AA00 0.0000
074 X00AA00 177
074 Y00AA00 0
075 A00AA00 0
075 B00AA00 6511
076 00AA00 0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
<PAGE> PAGE 9
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 CONTINENTAL CASUALTY COMPANY
080 C00AA00 200
081 A00AA00 N
081 B00AA00 0
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
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
SIGNATURE CHARLES S. CRUICE
TITLE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001019651
<NAME> ROCKLAND GROWTH FUND - INSTITUTIONAL
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> DEC-02-1996
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 8,854,503
<INVESTMENTS-AT-VALUE> 11,986,211
<RECEIVABLES> 347,614
<ASSETS-OTHER> 247,268
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12,581,093
<PAYABLE-FOR-SECURITIES> 751,085
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49,060
<TOTAL-LIABILITIES> 800,145
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,655,811
<SHARES-COMMON-STOCK> 752,698
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6,571)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,131,708
<NET-ASSETS> 11,780,948
<DIVIDEND-INCOME> 19,565
<INTEREST-INCOME> 14,315
<OTHER-INCOME> 0
<EXPENSES-NET> 91,160
<NET-INVESTMENT-INCOME> (57,280)
<REALIZED-GAINS-CURRENT> 23,894
<APPREC-INCREASE-CURRENT> 3,009,851
<NET-CHANGE-FROM-OPS> 2,976,465
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,001
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 762,190
<NUMBER-OF-SHARES-REDEEMED> 9,738
<SHARES-REINVESTED> 246
<NET-CHANGE-IN-ASSETS> 11,780,948
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 52,045
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 207,885
<AVERAGE-NET-ASSETS> 6,275,888
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.11)
<PER-SHARE-GAIN-APPREC> 4.56
<PER-SHARE-DIVIDEND> (0.02)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.43
<EXPENSE-RATIO> 1.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001019651
<NAME> ROCKLAND GROWTH FUND - RETAIL
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-START> DEC-02-1996
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 8,854,503
<INVESTMENTS-AT-VALUE> 11,986,211
<RECEIVABLES> 347,614
<ASSETS-OTHER> 247,268
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12,581,093
<PAYABLE-FOR-SECURITIES> 751,085
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 49,060
<TOTAL-LIABILITIES> 800,145
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,655,811
<SHARES-COMMON-STOCK> 63,949
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6,571)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,131,708
<NET-ASSETS> 11,780,948
<DIVIDEND-INCOME> 221
<INTEREST-INCOME> 161
<OTHER-INCOME> 0
<EXPENSES-NET> 3,600
<NET-INVESTMENT-INCOME> (3,218)
<REALIZED-GAINS-CURRENT> 30,329
<APPREC-INCREASE-CURRENT> 121,857
<NET-CHANGE-FROM-OPS> 148,968
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 70,332
<NUMBER-OF-SHARES-REDEEMED> 6,383
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 11,780,948
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,826
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,294
<AVERAGE-NET-ASSETS> 216,622
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.15)
<PER-SHARE-GAIN-APPREC> 4.57
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.42
<EXPENSE-RATIO> 2.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
To The Shareholders and Board of Trustees of
The Rockland Funds Trust:
In planning and performing our audit of the financial statements
of the
Rockland Growth Fund (the Fund) for the period from December 2,
1996
(commencement of investment operations) through September 30,
1997, 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
control activities. Generally, control activities 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 control activities
include the
safeguarding of assets against unauthorized acquisition, use or
disposition.
Because of inherent limitations in internal control, errors or
irregularities
may occur and may 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 any
specific internal control components 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 internal
control, including control activities for safeguarding
securities, that we
consider to be material weaknesses as defined above as of
September 30, 1997.
This report is intended solely for the information and use of
management and
the Securities and Exchange Commission.
October 15, 1997