ICON FUNDS
NSAR-A, 1997-05-29
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<PAGE>      PAGE  1
000 A000000 03/31/97
000 C000000 0001025770
000  D000000 N 000  E000000  NF 000  F000000 Y 000  G000000 N 000  H000000 N 000
I000000 3.0 000 J000000 A
001 A000000 ICON FUNDS
001 B000000 811-07883
001 C000000 8172516700
002 A000000 1793 KINGSWOOD DRIVE SUITE 200
002 B000000 SOUTHLAKE
002 C000000 TX
002 D010000 76092
003  000000 Y
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 17
007 C010100  1
007 C020100 ICON FUNDS: HEALTHCARE FUND
007 C030100 N
007 C010200  2
007 C020200 ICON FUNDS: TECHNOLOGY FUND
007 C030200 N
007 C010300  3
007 C020300 ICON FUNDS: ASIA REGION
007 C030300 N
007 C010400  4
007 C020400 ICON FUNDS: NORTH EUROPE REGION
007 C030400 N
007 C010500  5
007 C020500 ICON FUNDS: SOUTH EUROPE REGION
007 C030500 N
007 C010600  6
007 C020600 ICON FUNDS: SHORT-TERM FIXED INCOME FUND
007 C030600 N
007 C010700  7
007 C020700 ICON FUNDS: BASIC MATERIALS FUND
007 C030700 N
007 C010800  8
007 C020800 ICON FUNDS: CAPITAL GOODS FUND
007 C030800 N
007 C010900  9
007 C020900 ICON FUNDS: CONSUMER CYCLICALS FUND
007 C030900 N
007 C011000 10
007 C021000 ICON FUNDS: CONSUMER STAPLES FUND
<PAGE>      PAGE  2
007 C031000 N
007 C011100 11
007 C021100 ICON FUNDS: ENERGY FUND
007 C031100 N
007 C011200 12
007 C021200 ICON FUNDS: FINANCIAL SERVICES FUND
007 C031200 N
007 C011300 13
007 C021300 ICON FUNDS: LEISURE FUND
007 C031300 N
007 C011400 14
007 C021400 ICON FUNDS: TELECOMMUNICATIONS & UTILITIES
007 C031400 N
007 C011500 15
007 C021500 ICON FUNDS: TRANSPORTATION FUND
007 C031500 N
007 C011600 16
007 C021600 ICON FUNDS: SOUTH PACIFIC FUND
007 C031600 N
007 C011700 17
007 C021700 ICON FUNDS: WESTERN HEMISPHERE FUND
007 C031700 N
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 AMERIPRIME FINANCIAL SERVICES, INC
010 C01AA01 SOUTHLAKE
010 C02AA01 TX
010 C03AA01 76092
011 A00AA01 AMERIPRIME FINANCIAL SECURITIES, INC.
011 B00AA01 8-48143
011 C01AA01 SOUTHLAKE
011 C02AA01 TX
011 C03AA01 76092
012 A00AA01 FIRSTAR TRUST COMPANY
012 B00AA01 84-00410
012 C01AA01 MILWAUKEE
012 C02AA01 WI
012 C03AA01 00000
013 A00AA01 PRICE WATERHOUSE, LLP
013 B01AA01 DENVER
013 B02AA01 CO
013 B03AA01 80202
014 A00AA01 AMERIPRIME FINANCIAL SECURITIES, INC
014 B00AA01 8-38183
015 A00AA01 FIRSTAR TRUST COMPANY INC
015 B00AA01 C
015 C01AA01 MILWAUKEE
015 C02AA01 WI
015 C03AA01 53202
015 E01AA01 X
<PAGE>      PAGE  3
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   17
019 C00AA00 MERIDIANZZ
020 A000001 MERRILL LYNCH
020 B000001 13-5674085
020 C000001     67
020 A000002 WARBURG SG & CO.
020 B000002 00-0000000
020 C000002     40
020 A000003 BRIDGE TRADING CO.
020 B000003 00-0000000
020 C000003      2
020 A000004 STANDARD & POORS SECURITIES
020 B000004 00-0000000
020 C000004      1
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000      110
022 A000001 FIRSTAR BANK MONEY CENTER
022 B000001 39-6467227
022 C000001     94909
022 D000001         0
022 A000002 GOLDMAN SACHS
022 B000002 13-5108880
022 C000002     44105
022 D000002         0
022 A000003 CHASE MANHATTAN
022 B000003 00-0000000
022 C000003     35554
022 D000003      3177
022 A000004 HSBC SECURITIES
022 B000004 00-0000000
022 C000004     23907
022 D000004       708
022 A000005 JP MORGAN SECURITIES
022 B000005 13-3224016
022 C000005     18448
022 D000005         0
022 A000006 MERRILL LYNCH
022 B000006 13-5674085
022 C000006     15386
022 D000006        94
022 A000007 FIRST BOSTON
022 B000007 13-5659485
022 C000007     14814
022 D000007     10882
<PAGE>      PAGE  4
022 A000008 LEHMAN BROTHERS INC
022 B000008 13-2518466
022 C000008      9455
022 D000008         0
022 A000009 MORGAN STANLEY & COMPANY
022 B000009 13-2655998
022 C000009      7999
022 D000009         0
022 A000010 PAINE WEBBER
022 B000010 13-2638166
022 C000010      6224
022 D000010         0
023 C000000     298490
023 D000000      14861
024  00AA00 N
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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
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008 A000201 MERIDIAN INVESTMENT MANAGEMENT CORPORATION
008 B000201 A
008 C000201 801-38868
008 D010201 ENGLEWOOD
008 D020201 CO
008 D030201 80112
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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008 A000301 MERIDIAN INVESTMENT MANAGEMENT CORPORATION
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008 D010301 ENGLEWOOD
008 D020301 CO
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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008 A000401 MERIDIAN INVESTMENT MANAGEMENT CORPORATION
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<PAGE>      PAGE  18
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066 C001000 Y
066 D001000 N
066 E001000 N
066 F001000 N
066 G001000 N
067  001000 N
068 A001000 N
068 B001000 N
069  001000 N
070 A011000 Y
<PAGE>      PAGE  38
070 A021000 N
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 Y
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 N
070 M011000 Y
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 Y
070 Q021000 N
070 R011000 Y
070 R021000 N
071 A001000         0
071 B001000         0
071 C001000         0
071 D001000    0
072 A001000  0
072 B001000        0
072 C001000        0
072 D001000        0
072 E001000        0
072 F001000        0
072 G001000        0
072 H001000        0
074 A001000        0
074 B001000        0
074 C001000        0
074 D001000        0
<PAGE>      PAGE  39
074 E001000        0
074 F001000        0
074 G001000        0
074 H001000        0
074 I001000        0
074 J001000        0
074 K001000        0
074 L001000        0
074 M001000        0
074 N001000        0
008 A001101 MERIDIAN INVESTMENT MANAGEMENT CORPORATION
008 B001101 A
008 C001101 801-38868
008 D011101 ENGLEWOOD
008 D021101 CO
008 D031101 80112
045  001100 Y
046  001100 N
047  001100 Y
048  001100  1.000
048 A011100        0
048 A021100 0.000
048 B011100        0
048 B021100 0.000
048 C011100        0
048 C021100 0.000
048 D011100        0
048 D021100 0.000
048 E011100        0
048 E021100 0.000
048 F011100        0
048 F021100 0.000
048 G011100        0
048 G021100 0.000
048 H011100        0
048 H021100 0.000
048 I011100        0
048 I021100 0.000
048 J011100        0
048 J021100 0.000
048 K011100        0
048 K021100 0.000
062 A001100 N
062 B001100   0.0
062 C001100   0.0
062 D001100   0.0
062 E001100   0.0
062 F001100   0.0
062 G001100   0.0
062 H001100   0.0
062 I001100   0.0
<PAGE>      PAGE  40
062 J001100   0.0
062 K001100   0.0
062 L001100   0.0
062 M001100   0.0
062 N001100   0.0
062 O001100   0.0
062 P001100   0.0
062 Q001100   0.0
062 R001100   0.0
066 A001100 Y
066 B001100 N
066 C001100 Y
066 D001100 N
066 E001100 N
066 F001100 N
066 G001100 N
067  001100 N
068 A001100 N
068 B001100 N
069  001100 N
070 A011100 Y
070 A021100 N
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 Y
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 Y
070 L021100 N
070 M011100 Y
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
<PAGE>      PAGE  41
070 P021100 N
070 Q011100 Y
070 Q021100 N
070 R011100 Y
070 R021100 N
071 A001100         0
071 B001100         0
071 C001100         0
071 D001100    0
072 A001100  0
072 B001100        0
072 C001100        0
072 D001100        0
072 E001100        0
072 F001100        0
072 G001100        0
072 H001100        0
074 A001100        0
074 B001100        0
074 C001100        0
074 D001100        0
074 E001100        0
074 F001100        0
074 G001100        0
074 H001100        0
074 I001100        0
074 J001100        0
074 K001100        0
074 L001100        0
074 M001100        0
074 N001100        0
008 A001201 MERIDIAN INVESMTENT MANAGEMENT CORPORATION
008 B001201 A
008 C001201 801-38868
008 D011201 ENGLEWOOD
008 D021201 CO
008 D031201 80112
045  001200 Y
046  001200 N
047  001200 Y
048  001200  1.000
048 A011200        0
048 A021200 0.000
048 B011200        0
048 B021200 0.000
048 C011200        0
048 C021200 0.000
048 D011200        0
048 D021200 0.000
048 E011200        0
048 E021200 0.000
<PAGE>      PAGE  42
048 F011200        0
048 F021200 0.000
048 G011200        0
048 G021200 0.000
048 H011200        0
048 H021200 0.000
048 I011200        0
048 I021200 0.000
048 J011200        0
048 J021200 0.000
048 K011200        0
048 K021200 0.000
062 A001200 N
062 B001200   0.0
062 C001200   0.0
062 D001200   0.0
062 E001200   0.0
062 F001200   0.0
062 G001200   0.0
062 H001200   0.0
062 I001200   0.0
062 J001200   0.0
062 K001200   0.0
062 L001200   0.0
062 M001200   0.0
062 N001200   0.0
062 O001200   0.0
062 P001200   0.0
062 Q001200   0.0
062 R001200   0.0
066 A001200 Y
066 B001200 N
066 C001200 Y
066 D001200 N
066 E001200 N
066 F001200 N
066 G001200 N
067  001200 N
068 A001200 N
068 B001200 N
069  001200 N
070 A011200 Y
070 A021200 N
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
<PAGE>      PAGE  43
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 Y
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 N
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 Y
070 Q021200 N
070 R011200 Y
070 R021200 N
071 A001200         0
071 B001200         0
071 C001200         0
071 D001200    0
072 A001200  0
072 B001200        0
072 C001200        0
072 D001200        0
072 E001200        0
072 F001200        0
072 G001200        0
072 H001200        0
074 A001200        0
074 B001200        0
074 C001200        0
074 D001200        0
074 E001200        0
074 F001200        0
074 G001200        0
074 H001200        0
074 I001200        0
074 J001200        0
074 K001200        0
074 L001200        0
074 M001200        0
<PAGE>      PAGE  44
074 N001200        0
008 A001301 MERIDIAN INVESTMENT MANAGEMENT CORPORATION
008 B001301 A
008 C001301 801-38868
008 D011301 ENGLEWOOD
008 D021301 CO
008 D031301 80112
045  001300 Y
046  001300 N
047  001300 Y
048  001300  1.000
048 A011300        0
048 A021300 0.000
048 B011300        0
048 B021300 0.000
048 C011300        0
048 C021300 0.000
048 D011300        0
048 D021300 0.000
048 E011300        0
048 E021300 0.000
048 F011300        0
048 F021300 0.000
048 G011300        0
048 G021300 0.000
048 H011300        0
048 H021300 0.000
048 I011300        0
048 I021300 0.000
048 J011300        0
048 J021300 0.000
048 K011300        0
048 K021300 0.000
062 A001300 N
062 B001300   0.0
062 C001300   0.0
062 D001300   0.0
062 E001300   0.0
062 F001300   0.0
062 G001300   0.0
062 H001300   0.0
062 I001300   0.0
062 J001300   0.0
062 K001300   0.0
062 L001300   0.0
062 M001300   0.0
062 N001300   0.0
062 O001300   0.0
062 P001300   0.0
062 Q001300   0.0
062 R001300   0.0
<PAGE>      PAGE  45
066 A001300 Y
066 B001300 N
066 C001300 Y
066 D001300 N
066 E001300 N
066 F001300 N
066 G001300 N
067  001300 N
068 A001300 N
068 B001300 N
069  001300 N
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 Y
070 E021300 N
070 F011300 Y
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 Y
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 N
070 L011300 Y
070 L021300 N
070 M011300 Y
070 M021300 N
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 Y
070 P021300 N
070 Q011300 Y
070 Q021300 N
070 R011300 Y
070 R021300 N
071 A001300         0
071 B001300         0
071 C001300         0
071 D001300    0
<PAGE>      PAGE  46
072 A001300  0
072 B001300        0
072 C001300        0
072 D001300        0
072 E001300        0
072 F001300        0
072 G001300        0
072 H001300        0
074 A001300        0
074 B001300        0
074 C001300        0
074 D001300        0
074 E001300        0
074 F001300        0
074 G001300        0
074 H001300        0
074 I001300        0
074 J001300        0
074 K001300        0
074 L001300        0
074 M001300        0
074 N001300        0
008 A001401 MERIDIAN INVESTMENT MANAGEMENT CORPORATION
008 B001401 A
008 C001401 801-38868
008 D011401 ENGLEWOOD
008 D021401 CO
008 D031401 80112
045  001400 Y
046  001400 N
047  001400 Y
048  001400  1.000
048 A011400        0
048 A021400 0.000
048 B011400        0
048 B021400 0.000
048 C011400        0
048 C021400 0.000
048 D011400        0
048 D021400 0.000
048 E011400        0
048 E021400 0.000
048 F011400        0
048 F021400 0.000
048 G011400        0
048 G021400 0.000
048 H011400        0
048 H021400 0.000
048 I011400        0
048 I021400 0.000
048 J011400        0
<PAGE>      PAGE  47
048 J021400 0.000
048 K011400        0
048 K021400 0.000
062 A001400 N
062 B001400   0.0
062 C001400   0.0
062 D001400   0.0
062 E001400   0.0
062 F001400   0.0
062 G001400   0.0
062 H001400   0.0
062 I001400   0.0
062 J001400   0.0
062 K001400   0.0
062 L001400   0.0
062 M001400   0.0
062 N001400   0.0
062 O001400   0.0
062 P001400   0.0
062 Q001400   0.0
062 R001400   0.0
066 A001400 Y
066 B001400 N
066 C001400 Y
066 D001400 N
066 E001400 N
066 F001400 N
066 G001400 N
067  001400 N
068 A001400 N
068 B001400 N
069  001400 N
070 A011400 Y
070 A021400 N
070 B011400 Y
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 Y
070 D021400 N
070 E011400 Y
070 E021400 N
070 F011400 Y
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 Y
070 I021400 N
070 J011400 Y
<PAGE>      PAGE  48
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 Y
070 L021400 N
070 M011400 Y
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 Y
070 P021400 N
070 Q011400 Y
070 Q021400 N
070 R011400 Y
070 R021400 N
071 A001400         0
071 B001400         0
071 C001400         0
071 D001400    0
072 A001400  0
072 B001400        0
072 C001400        0
072 D001400        0
072 E001400        0
072 F001400        0
072 G001400        0
072 H001400        0
074 A001400        0
074 B001400        0
074 C001400        0
074 D001400        0
074 E001400        0
074 F001400        0
074 G001400        0
074 H001400        0
074 I001400        0
074 J001400        0
074 K001400        0
074 L001400        0
074 M001400        0
074 N001400        0
008 A001501 MERIDIAN INVESTMENT MANAGEMENT CORPORATION
008 B001501 A
008 C001501 801-38868
008 D011501 ENGLEWOOD
008 D021501 CO
008 D031501 80112
045  001500 Y
046  001500 N
<PAGE>      PAGE  49
047  001500 Y
048  001500  1.000
048 A011500        0
048 A021500 0.000
048 B011500        0
048 B021500 0.000
048 C011500        0
048 C021500 0.000
048 D011500        0
048 D021500 0.000
048 E011500        0
048 E021500 0.000
048 F011500        0
048 F021500 0.000
048 G011500        0
048 G021500 0.000
048 H011500        0
048 H021500 0.000
048 I011500        0
048 I021500 0.000
048 J011500        0
048 J021500 0.000
048 K011500        0
048 K021500 0.000
062 A001500 N
062 B001500   0.0
062 C001500   0.0
062 D001500   0.0
062 E001500   0.0
062 F001500   0.0
062 G001500   0.0
062 H001500   0.0
062 I001500   0.0
062 J001500   0.0
062 K001500   0.0
062 L001500   0.0
062 M001500   0.0
062 N001500   0.0
062 O001500   0.0
062 P001500   0.0
062 Q001500   0.0
062 R001500   0.0
066 A001500 Y
066 B001500 N
066 C001500 Y
066 D001500 N
066 E001500 N
066 F001500 N
066 G001500 N
067  001500 N
068 A001500 N
<PAGE>      PAGE  50
068 B001500 N
069  001500 N
070 A011500 Y
070 A021500 N
070 B011500 Y
070 B021500 N
070 C011500 Y
070 C021500 N
070 D011500 Y
070 D021500 N
070 E011500 Y
070 E021500 N
070 F011500 Y
070 F021500 N
070 G011500 Y
070 G021500 N
070 H011500 Y
070 H021500 N
070 I011500 Y
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 Y
070 K021500 N
070 L011500 Y
070 L021500 N
070 M011500 Y
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 Y
070 P021500 N
070 Q011500 Y
070 Q021500 N
070 R011500 Y
070 R021500 N
071 A001500         0
071 B001500         0
071 C001500         0
071 D001500    0
072 A001500  0
072 B001500        0
072 C001500        0
072 D001500        0
072 E001500        0
072 F001500        0
072 G001500        0
072 H001500        0
074 A001500        0
<PAGE>      PAGE  51
074 B001500        0
074 C001500        0
074 D001500        0
074 E001500        0
074 F001500        0
074 G001500        0
074 H001500        0
074 I001500        0
074 J001500        0
074 K001500        0
074 L001500        0
074 M001500        0
074 N001500        0
008 A001601 MERIDIAN INVESTMENT MANAGEMENT CORPORATION
008 B001601 A
008 C001601 801-38868
008 D011601 ENGLEWOOD
008 D021601 CO
008 D031601 80112
045  001600 Y
046  001600 N
047  001600 Y
048  001600  1.000
048 A011600        0
048 A021600 0.000
048 B011600        0
048 B021600 0.000
048 C011600        0
048 C021600 0.000
048 D011600        0
048 D021600 0.000
048 E011600        0
048 E021600 0.000
048 F011600        0
048 F021600 0.000
048 G011600        0
048 G021600 0.000
048 H011600        0
048 H021600 0.000
048 I011600        0
048 I021600 0.000
048 J011600        0
048 J021600 0.000
048 K011600        0
048 K021600 0.000
062 A001600 N
062 B001600   0.0
062 C001600   0.0
062 D001600   0.0
062 E001600   0.0
062 F001600   0.0
<PAGE>      PAGE  52
062 G001600   0.0
062 H001600   0.0
062 I001600   0.0
062 J001600   0.0
062 K001600   0.0
062 L001600   0.0
062 M001600   0.0
062 N001600   0.0
062 O001600   0.0
062 P001600   0.0
062 Q001600   0.0
062 R001600   0.0
066 A001600 Y
066 B001600 N
066 C001600 Y
066 D001600 N
066 E001600 N
066 F001600 N
066 G001600 N
067  001600 N
068 A001600 N
068 B001600 N
069  001600 N
070 A011600 Y
070 A021600 N
070 B011600 Y
070 B021600 N
070 C011600 Y
070 C021600 N
070 D011600 Y
070 D021600 N
070 E011600 Y
070 E021600 N
070 F011600 Y
070 F021600 N
070 G011600 Y
070 G021600 N
070 H011600 Y
070 H021600 N
070 I011600 Y
070 I021600 N
070 J011600 Y
070 J021600 N
070 K011600 Y
070 K021600 N
070 L011600 Y
070 L021600 N
070 M011600 Y
070 M021600 N
070 N011600 Y
070 N021600 N
<PAGE>      PAGE  53
070 O011600 Y
070 O021600 N
070 P011600 Y
070 P021600 N
070 Q011600 Y
070 Q021600 N
070 R011600 Y
070 R021600 N
071 A001600         0
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071 D001600    0
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072 H001600        0
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074 B001600        0
074 C001600        0
074 D001600        0
074 E001600        0
074 F001600        0
074 G001600        0
074 H001600        0
074 I001600        0
074 J001600        0
074 K001600        0
074 L001600        0
074 M001600        0
074 N001600        0
008 A001701 MERIDIAN INVESTMENT MANAGEMENT CORPORATION
008 B001701 A
008 C001701 801-38868
008 D011701 ENGLEWOOD
008 D021701 CO
008 D031701 80112
045  001700 Y
046  001700 N
047  001700 Y
048  001700  1.000
048 A011700        0
048 A021700 0.000
048 B011700        0
048 B021700 0.000
048 C011700        0
048 C021700 0.000
048 D011700        0
<PAGE>      PAGE  54
048 D021700 0.000
048 E011700        0
048 E021700 0.000
048 F011700        0
048 F021700 0.000
048 G011700        0
048 G021700 0.000
048 H011700        0
048 H021700 0.000
048 I011700        0
048 I021700 0.000
048 J011700        0
048 J021700 0.000
048 K011700        0
048 K021700 0.000
062 A001700 N
062 B001700   0.0
062 C001700   0.0
062 D001700   0.0
062 E001700   0.0
062 F001700   0.0
062 G001700   0.0
062 H001700   0.0
062 I001700   0.0
062 J001700   0.0
062 K001700   0.0
062 L001700   0.0
062 M001700   0.0
062 N001700   0.0
062 O001700   0.0
062 P001700   0.0
062 Q001700   0.0
062 R001700   0.0
066 A001700 Y
066 B001700 N
066 C001700 Y
066 D001700 N
066 E001700 N
066 F001700 N
066 G001700 N
067  001700 N
068 A001700 N
068 B001700 N
069  001700 N
070 A011700 Y
070 A021700 N
070 B011700 Y
070 B021700 N
070 C011700 Y
070 C021700 N
070 D011700 Y
<PAGE>      PAGE  55
070 D021700 N
070 E011700 Y
070 E021700 N
070 F011700 Y
070 F021700 N
070 G011700 Y
070 G021700 N
070 H011700 Y
070 H021700 N
070 I011700 Y
070 I021700 N
070 J011700 Y
070 J021700 N
070 K011700 Y
070 K021700 N
070 L011700 Y
070 L021700 N
070 M011700 Y
070 M021700 N
070 N011700 Y
070 N021700 N
070 O011700 Y
070 O021700 N
070 P011700 Y
070 P021700 N
070 Q011700 Y
070 Q021700 N
070 R011700 Y
070 R021700 N
071 A001700         0
071 B001700         0
071 C001700         0
071 D001700    0
072 A001700  0
072 B001700        0
072 C001700        0
072 D001700        0
072 E001700        0
072 F001700        0
072 G001700        0
072 H001700        0
074 A001700        0
074 B001700        0
074 C001700        0
074 D001700        0
074 E001700        0
074 F001700        0
074 G001700        0
074 H001700        0
074 I001700        0
074 J001700        0
<PAGE>      PAGE  56
074 K001700        0
074 L001700        0
074 M001700        0
074 N001700        0
SIGNATURE   JULIE A. FELEO
TITLE       ACCOUNTING OFFICER



<TABLE> <S> <C>

<ARTICLE>                               6
<CIK>                                                1025770
<NAME>                                  ICON FUNDS
<SERIES>
   <NUMBER>                             3
   <NAME>                               ASIA REGION FUND
<MULTIPLIER>                            1,000
<CURRENCY>                              U.S. DOLLARS
       
<S>                                     <C>
<PERIOD-TYPE>                           2-MOS
<FISCAL-YEAR-END>                       SEP-30-1997
<PERIOD-START>                          FEB-25-1997
<PERIOD-END>                            MAR-31-1997
<EXCHANGE-RATE>                                            1
<INVESTMENTS-AT-COST>                                 16,643
<INVESTMENTS-AT-VALUE>                                15,911
<RECEIVABLES>                                             33
<ASSETS-OTHER>                                           179
<OTHER-ITEMS-ASSETS>                                 160,940
<TOTAL-ASSETS>                                        16,123
<PAYABLE-FOR-SECURITIES>                                   0
<SENIOR-LONG-TERM-DEBT>                                    0
<OTHER-ITEMS-LIABILITIES>                                 39
<TOTAL-LIABILITIES>                                       39
<SENIOR-EQUITY>                                            0
<PAID-IN-CAPITAL-COMMON>                              16,776
<SHARES-COMMON-STOCK>                                  1,685
<SHARES-COMMON-PRIOR>                                      0
<ACCUMULATED-NII-CURRENT>                                 39
<OVERDISTRIBUTION-NII>                                     0
<ACCUMULATED-NET-GAINS>                                    0
<OVERDISTRIBUTION-GAINS>                                   0
<ACCUM-APPREC-OR-DEPREC>                                (732)
<NET-ASSETS>                                          16,084
<DIVIDEND-INCOME>                                         27
<INTEREST-INCOME>                                         34
<OTHER-INCOME>                                             0
<EXPENSES-NET>                                            22
<NET-INVESTMENT-INCOME>                                   39
<REALIZED-GAINS-CURRENT>                                   0
<APPREC-INCREASE-CURRENT>                               (732)
<NET-CHANGE-FROM-OPS>                                   (693)
<EQUALIZATION>                                             0
<DISTRIBUTIONS-OF-INCOME>                                  0
<DISTRIBUTIONS-OF-GAINS>                                   0
<DISTRIBUTIONS-OTHER>                                      0
<NUMBER-OF-SHARES-SOLD>                                1,699
<NUMBER-OF-SHARES-REDEEMED>                              (14)
<SHARES-REINVESTED>                                        0
<NET-CHANGE-IN-ASSETS>                                16,084
<ACCUMULATED-NII-PRIOR>                                    0
<ACCUMULATED-GAINS-PRIOR>                                  0
<OVERDISTRIB-NII-PRIOR>                                    0
<OVERDIST-NET-GAINS-PRIOR>                                 0
<GROSS-ADVISORY-FEES>                                     13
<INTEREST-EXPENSE>                                         0
<GROSS-EXPENSE>                                           22
<AVERAGE-NET-ASSETS>                                  13,907
<PER-SHARE-NAV-BEGIN>                                    $10.00
<PER-SHARE-NII>                                            0.02
<PER-SHARE-GAIN-APPREC>                                   (0.47)
<PER-SHARE-DIVIDEND>                                       0
<PER-SHARE-DISTRIBUTIONS>                                  0
<RETURNS-OF-CAPITAL>                                       0
<PER-SHARE-NAV-END>                                       $9.55
<EXPENSE-RATIO>                                            1.65
<AVG-DEBT-OUTSTANDING>                                     0
<AVG-DEBT-PER-SHARE>                                       0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                               6
<CIK>                                                1025770
<NAME>                                  ICON FUNDS
<SERIES>
   <NUMBER>                             1
   <NAME>                               HEALTHCARE FUND
<MULTIPLIER>                            1,000
<CURRENCY>                              U.S. DOLLARS
       
<S>                                     <C>
<PERIOD-TYPE>                           2-MOS
<FISCAL-YEAR-END>                       SEP-30-1997
<PERIOD-START>                          FEB-24-1997
<PERIOD-END>                            MAR-31-1997
<EXCHANGE-RATE>                                            1
<INVESTMENTS-AT-COST>                                 28,896
<INVESTMENTS-AT-VALUE>                                27,383
<RECEIVABLES>                                          4,137
<ASSETS-OTHER>                                            18
<OTHER-ITEMS-ASSETS>                                       0
<TOTAL-ASSETS>                                        27,412
<PAYABLE-FOR-SECURITIES>                                   0
<SENIOR-LONG-TERM-DEBT>                                    0
<OTHER-ITEMS-LIABILITIES>                             41,993
<TOTAL-LIABILITIES>                                       53
<SENIOR-EQUITY>                                            0
<PAID-IN-CAPITAL-COMMON>                              28,890
<SHARES-COMMON-STOCK>                                  2,891
<SHARES-COMMON-PRIOR>                                      0
<ACCUMULATED-NII-CURRENT>                                (18)
<OVERDISTRIBUTION-NII>                                     0
<ACCUMULATED-NET-GAINS>                                    0
<OVERDISTRIBUTION-GAINS>                                   0
<ACCUM-APPREC-OR-DEPREC>                              (1,513)
<NET-ASSETS>                                          27,358
<DIVIDEND-INCOME>                                          4
<INTEREST-INCOME>                                         16
<OTHER-INCOME>                                             0
<EXPENSES-NET>                                            38
<NET-INVESTMENT-INCOME>                                  (18)
<REALIZED-GAINS-CURRENT>                                   0
<APPREC-INCREASE-CURRENT>                             (1,513)
<NET-CHANGE-FROM-OPS>                                 (1,532)
<EQUALIZATION>                                             0
<DISTRIBUTIONS-OF-INCOME>                                  0
<DISTRIBUTIONS-OF-GAINS>                                   0
<DISTRIBUTIONS-OTHER>                                      0
<NUMBER-OF-SHARES-SOLD>                                1,304
<NUMBER-OF-SHARES-REDEEMED>                              (15)
<SHARES-REINVESTED>                                        0
<NET-CHANGE-IN-ASSETS>                                27,358
<ACCUMULATED-NII-PRIOR>                                    0
<ACCUMULATED-GAINS-PRIOR>                                  0
<OVERDISTRIB-NII-PRIOR>                                    0
<OVERDIST-NET-GAINS-PRIOR>                                 0
<GROSS-ADVISORY-FEES>                                     26
<INTEREST-EXPENSE>                                         0
<GROSS-EXPENSE>                                           38
<AVERAGE-NET-ASSETS>                                  27,620
<PER-SHARE-NAV-BEGIN>                                    $10.00
<PER-SHARE-NII>                                           (0.06)
<PER-SHARE-GAIN-APPREC>                                   (0.48)
<PER-SHARE-DIVIDEND>                                       0
<PER-SHARE-DISTRIBUTIONS>                                  0
<RETURNS-OF-CAPITAL>                                       0
<PER-SHARE-NAV-END>                                       $9.46
<EXPENSE-RATIO>                                            1.45
<AVG-DEBT-OUTSTANDING>                                     0
<AVG-DEBT-PER-SHARE>                                       0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                               6
<CIK>                                   1025770
<NAME>                                  ICON FUNDS
<SERIES>
   <NUMBER>                             4
   <NAME>                               NORTH EUROPE REGION
<MULTIPLIER>                            1,000
<CURRENCY>                              U.S. DOLLARS
       
<S>                                     <C>
<PERIOD-TYPE>                           2-MOS
<FISCAL-YEAR-END>                       SEP-30-1997
<PERIOD-START>                          FEB-19-1997
<PERIOD-END>                            MAR-31-1997
<EXCHANGE-RATE>                                            1
<INVESTMENTS-AT-COST>                                16,584
<INVESTMENTS-AT-VALUE>                                16,970
<RECEIVABLES>                                             17
<ASSETS-OTHER>                                           188
<OTHER-ITEMS-ASSETS>                                       0
<TOTAL-ASSETS>                                        17,175
<PAYABLE-FOR-SECURITIES>                                   0
<SENIOR-LONG-TERM-DEBT>                                    0
<OTHER-ITEMS-LIABILITIES>                                 41
<TOTAL-LIABILITIES>                                       41
<SENIOR-EQUITY>                                            0
<PAID-IN-CAPITAL-COMMON>                              16,720
<SHARES-COMMON-STOCK>                                  1,675
<SHARES-COMMON-PRIOR>                                      0
<ACCUMULATED-NII-CURRENT>                                 27
<OVERDISTRIBUTION-NII>                                     0
<ACCUMULATED-NET-GAINS>                                    0
<OVERDISTRIBUTION-GAINS>                                   0
<ACCUM-APPREC-OR-DEPREC>                                 386
<NET-ASSETS>                                          17,134
<DIVIDEND-INCOME>                                         21
<INTEREST-INCOME>                                          9
<OTHER-INCOME>                                             0
<EXPENSES-NET>                                            26
<NET-INVESTMENT-INCOME>                                    4
<REALIZED-GAINS-CURRENT>                                  23
<APPREC-INCREASE-CURRENT>                                387
<NET-CHANGE-FROM-OPS>                                    414
<EQUALIZATION>                                             0
<DISTRIBUTIONS-OF-INCOME>                                  0
<DISTRIBUTIONS-OF-GAINS>                                   0
<DISTRIBUTIONS-OTHER>                                      0
<NUMBER-OF-SHARES-SOLD>                                1,695
<NUMBER-OF-SHARES-REDEEMED>                              (20)
<SHARES-REINVESTED>                                        0
<NET-CHANGE-IN-ASSETS>                                17,134
<ACCUMULATED-NII-PRIOR>                                    0
<ACCUMULATED-GAINS-PRIOR>                                  0
<OVERDISTRIB-NII-PRIOR>                                    0
<OVERDIST-NET-GAINS-PRIOR>                                 0
<GROSS-ADVISORY-FEES>                                     16
<INTEREST-EXPENSE>                                         0
<GROSS-EXPENSE>                                           26
<AVERAGE-NET-ASSETS>                                  13,685
<PER-SHARE-NAV-BEGIN>                                    $10.00
<PER-SHARE-NII>                                            0.02
<PER-SHARE-GAIN-APPREC>                                    0.21
<PER-SHARE-DIVIDEND>                                       0
<PER-SHARE-DISTRIBUTIONS>                                  0
<RETURNS-OF-CAPITAL>                                       0
<PER-SHARE-NAV-END>                                      $10.23
<EXPENSE-RATIO>                                            1.65
<AVG-DEBT-OUTSTANDING>                                     0
<AVG-DEBT-PER-SHARE>                                       0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                               6
<CIK>                                   1025770
<NAME>                                  ICON FUNDS
<SERIES>
   <NUMBER>                             5
   <NAME>                               SOUTH EUROPE REGION
<MULTIPLIER>                            1,000
<CURRENCY>                              U.S. DOLLARS
       
<S>                                     <C>
<PERIOD-TYPE>                           2-MOS
<FISCAL-YEAR-END>                       SEP-30-1997
<PERIOD-START>                          FEB-21-1997
<PERIOD-END>                            MAR-31-1997
<EXCHANGE-RATE>                                            1
<INVESTMENTS-AT-COST>                                  7,644
<INVESTMENTS-AT-VALUE>                                 7,563
<RECEIVABLES>                                              9
<ASSETS-OTHER>                                            18
<OTHER-ITEMS-ASSETS>                                       0
<TOTAL-ASSETS>                                         7,590
<PAYABLE-FOR-SECURITIES>                                   0
<SENIOR-LONG-TERM-DEBT>                                    0
<OTHER-ITEMS-LIABILITIES>                                922
<TOTAL-LIABILITIES>                                      922
<SENIOR-EQUITY>                                            0
<PAID-IN-CAPITAL-COMMON>                               6,734
<SHARES-COMMON-STOCK>                                    680
<SHARES-COMMON-PRIOR>                                      0
<ACCUMULATED-NII-CURRENT>                                 15
<OVERDISTRIBUTION-NII>                                     0
<ACCUMULATED-NET-GAINS>                                    0
<OVERDISTRIBUTION-GAINS>                                   0
<ACCUM-APPREC-OR-DEPREC>                                 (81)
<NET-ASSETS>                                           6,668
<DIVIDEND-INCOME>                                          4
<INTEREST-INCOME>                                         21
<OTHER-INCOME>                                             0
<EXPENSES-NET>                                            10
<NET-INVESTMENT-INCOME>                                   15
<REALIZED-GAINS-CURRENT>                                   0
<APPREC-INCREASE-CURRENT>                                (81)
<NET-CHANGE-FROM-OPS>                                    (66)
<EQUALIZATION>                                             0
<DISTRIBUTIONS-OF-INCOME>                                  0
<DISTRIBUTIONS-OF-GAINS>                                   0
<DISTRIBUTIONS-OTHER>                                      0
<NUMBER-OF-SHARES-SOLD>                                  689
<NUMBER-OF-SHARES-REDEEMED>                               (9)
<SHARES-REINVESTED>                                        0
<NET-CHANGE-IN-ASSETS>                                 6,668
<ACCUMULATED-NII-PRIOR>                                    0
<ACCUMULATED-GAINS-PRIOR>                                  0
<OVERDISTRIB-NII-PRIOR>                                    0
<OVERDIST-NET-GAINS-PRIOR>                                 0
<GROSS-ADVISORY-FEES>                                      6
<INTEREST-EXPENSE>                                         0
<GROSS-EXPENSE>                                           10
<AVERAGE-NET-ASSETS>                                   5,514
<PER-SHARE-NAV-BEGIN>                                    $10.00
<PER-SHARE-NII>                                            0.02
<PER-SHARE-GAIN-APPREC>                                   (0.22)
<PER-SHARE-DIVIDEND>                                       0
<PER-SHARE-DISTRIBUTIONS>                                  0
<RETURNS-OF-CAPITAL>                                       0
<PER-SHARE-NAV-END>                                       $9.80
<EXPENSE-RATIO>                                            1.65
<AVG-DEBT-OUTSTANDING>                                     0
<AVG-DEBT-PER-SHARE>                                       0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

    [DESCRIPTION]                       FDS 0396
<ARTICLE>                               6
<CIK>                                                1025770
<NAME>                                  ICON FUNDS
<SERIES>
   <NUMBER>                             6
   <NAME>                               SHORT-TERM FIXED INCOME FUND
<MULTIPLIER>                            1,000
<CURRENCY>                              U.S. DOLLARS
       
<S>                                     <C>
<PERIOD-TYPE>                           2-MOS
<FISCAL-YEAR-END>                       SEP-30-1997
<PERIOD-START>                          FEB-10-1997
<PERIOD-END>                            MAR-31-1997
<EXCHANGE-RATE>                                            1
<INVESTMENTS-AT-COST>                                 87,300
<INVESTMENTS-AT-VALUE>                                87,110
<RECEIVABLES>                                            327
<ASSETS-OTHER>                                            22
<OTHER-ITEMS-ASSETS>                                       0
<TOTAL-ASSETS>                                        87,459
<PAYABLE-FOR-SECURITIES>                                   0
<SENIOR-LONG-TERM-DEBT>                                    0
<OTHER-ITEMS-LIABILITIES>                                310
<TOTAL-LIABILITIES>                                      310
<SENIOR-EQUITY>                                            0
<PAID-IN-CAPITAL-COMMON>                              87,338
<SHARES-COMMON-STOCK>                                  8,728
<SHARES-COMMON-PRIOR>                                      0
<ACCUMULATED-NII-CURRENT>                                  0
<OVERDISTRIBUTION-NII>                                     0
<ACCUMULATED-NET-GAINS>                                    0
<OVERDISTRIBUTION-GAINS>                                   0
<ACCUM-APPREC-OR-DEPREC>                                (189)
<NET-ASSETS>                                          87,149
<DIVIDEND-INCOME>                                          0
<INTEREST-INCOME>                                        500
<OTHER-INCOME>                                             0
<EXPENSES-NET>                                            97
<NET-INVESTMENT-INCOME>                                  403
<REALIZED-GAINS-CURRENT>                                   0
<APPREC-INCREASE-CURRENT>                               (189)
<NET-CHANGE-FROM-OPS>                                    214
<EQUALIZATION>                                             0
<DISTRIBUTIONS-OF-INCOME>                                403
<DISTRIBUTIONS-OF-GAINS>                                   0
<DISTRIBUTIONS-OTHER>                                      0
<NUMBER-OF-SHARES-SOLD>                              101,390
<NUMBER-OF-SHARES-REDEEMED>                           14,247
<SHARES-REINVESTED>                                      195
<NET-CHANGE-IN-ASSETS>                                87,552
<ACCUMULATED-NII-PRIOR>                                    0
<ACCUMULATED-GAINS-PRIOR>                                  0
<OVERDISTRIB-NII-PRIOR>                                    0
<OVERDIST-NET-GAINS-PRIOR>                                 0
<GROSS-ADVISORY-FEES>                                     57
<INTEREST-EXPENSE>                                         0
<GROSS-EXPENSE>                                           97
<AVERAGE-NET-ASSETS>                                  64,595
<PER-SHARE-NAV-BEGIN>                                    $10.00
<PER-SHARE-NII>                                            0.04
<PER-SHARE-GAIN-APPREC>                                   (0.02)
<PER-SHARE-DIVIDEND>                                      (0.04)
<PER-SHARE-DISTRIBUTIONS>                                 (0.04)
<RETURNS-OF-CAPITAL>                                       0
<PER-SHARE-NAV-END>                                       $9.98
<EXPENSE-RATIO>                                            1.10
<AVG-DEBT-OUTSTANDING>                                     0
<AVG-DEBT-PER-SHARE>                                       0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>                               6
<CIK>                                                1025770
<NAME>                                  ICON FUNDS
<SERIES>
   <NUMBER>                             2
   <NAME>                               TECHNOLOGY FUND
<MULTIPLIER>                            1,000
<CURRENCY>                              U.S. DOLLARS
       
<S>                                     <C>
<PERIOD-TYPE>                           2-MOS
<FISCAL-YEAR-END>                       SEP-30-1997
<PERIOD-START>                          FEB-21-1997
<PERIOD-END>                            MAR-31-1997
<EXCHANGE-RATE>                                            1
<INVESTMENTS-AT-COST>                                 14,071
<INVESTMENTS-AT-VALUE>                                13,071
<RECEIVABLES>                                             21
<ASSETS-OTHER>                                            18
<OTHER-ITEMS-ASSETS>                                      43
<TOTAL-ASSETS>                                        13,153
<PAYABLE-FOR-SECURITIES>                               1,243
<SENIOR-LONG-TERM-DEBT>                                    0
<OTHER-ITEMS-LIABILITIES>                                  0
<TOTAL-LIABILITIES>                                       34
<SENIOR-EQUITY>                                        1,277
<PAID-IN-CAPITAL-COMMON>                              12,857
<SHARES-COMMON-STOCK>                                  1,290
<SHARES-COMMON-PRIOR>                                      0
<ACCUMULATED-NII-CURRENT>                                 11
<OVERDISTRIBUTION-NII>                                     0
<ACCUMULATED-NET-GAINS>                                    8
<OVERDISTRIBUTION-GAINS>                                   0
<ACCUM-APPREC-OR-DEPREC>                              (1,000)
<NET-ASSETS>                                          11,876
<DIVIDEND-INCOME>                                          6
<INTEREST-INCOME>                                         24
<OTHER-INCOME>                                             0
<EXPENSES-NET>                                            19
<NET-INVESTMENT-INCOME>                                   11
<REALIZED-GAINS-CURRENT>                                   8
<APPREC-INCREASE-CURRENT>                             (1,000)
<NET-CHANGE-FROM-OPS>                                   (981)
<EQUALIZATION>                                             0
<DISTRIBUTIONS-OF-INCOME>                                  0
<DISTRIBUTIONS-OF-GAINS>                                   0
<DISTRIBUTIONS-OTHER>                                      0
<NUMBER-OF-SHARES-SOLD>                                1,304
<NUMBER-OF-SHARES-REDEEMED>                              (15)
<SHARES-REINVESTED>                                        0
<NET-CHANGE-IN-ASSETS>                                11,876
<ACCUMULATED-NII-PRIOR>                                    0
<ACCUMULATED-GAINS-PRIOR>                                  0
<OVERDISTRIB-NII-PRIOR>                                    0
<OVERDIST-NET-GAINS-PRIOR>                                 0
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<INTEREST-EXPENSE>                                         0
<GROSS-EXPENSE>                                           19
<AVERAGE-NET-ASSETS>                                  13,101
<PER-SHARE-NAV-BEGIN>                                    $10.00
<PER-SHARE-NII>                                            0.01
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<EXPENSE-RATIO>                                            1.45
<AVG-DEBT-OUTSTANDING>                                     0
<AVG-DEBT-PER-SHARE>                                       0
        
</DOCUMENT



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