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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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SIGNATURE NICOLE FISHER
TITLE SUPERVISOR
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<AVERAGE-NET-ASSETS> 4771118<F1>
<PER-SHARE-NAV-BEGIN> 10.36<F1>
<PER-SHARE-NII> .14<F1>
<PER-SHARE-GAIN-APPREC> (2.50)<F1>
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.00<F1>
<EXPENSE-RATIO> 1.59<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Investor Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001039803
<NAME> PROFUNDS
<SERIES>
<NUMBER> 042
<NAME> ULTRABEAR PROFUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 1012050
<INVESTMENTS-AT-VALUE> 588875
<RECEIVABLES> 3038917
<ASSETS-OTHER> 24656
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3652448
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 57507
<TOTAL-LIABILITIES> 57507
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4872939
<SHARES-COMMON-STOCK> 109733<F1>
<SHARES-COMMON-PRIOR> 1<F1>
<ACCUMULATED-NII-CURRENT> 87165
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (924918)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (440245)
<NET-ASSETS> 3594941
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 133490
<OTHER-INCOME> 0
<EXPENSES-NET> 46325
<NET-INVESTMENT-INCOME> 87165
<REALIZED-GAINS-CURRENT> (924918)
<APPREC-INCREASE-CURRENT> (440245)
<NET-CHANGE-FROM-OPS> (1277998)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13891738
<NUMBER-OF-SHARES-REDEEMED> 12442704
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3594910
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 21074
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 70552
<AVERAGE-NET-ASSETS> 899384<F1>
<PER-SHARE-NAV-BEGIN> 10.35<F1>
<PER-SHARE-NII> .12<F1>
<PER-SHARE-GAIN-APPREC> (2.45)<F1>
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.02<F1>
<EXPENSE-RATIO> 1.98<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Service Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001039803
<NAME> PROFUNDS
<SERIES>
<NUMBER> 051
<NAME> ULTRAOTC PROFUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 1643290
<INVESTMENTS-AT-VALUE> 1938000
<RECEIVABLES> 30512061
<ASSETS-OTHER> 24837
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 32474898
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 169778
<TOTAL-LIABILITIES> 169778
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 31036582
<SHARES-COMMON-STOCK> 1711307<F1>
<SHARES-COMMON-PRIOR> 30651<F1>
<ACCUMULATED-NII-CURRENT> 172044
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (160466)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1256960
<NET-ASSETS> 32305120
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 253497
<OTHER-INCOME> 0
<EXPENSES-NET> 82107
<NET-INVESTMENT-INCOME> 171390
<REALIZED-GAINS-CURRENT> 706580
<APPREC-INCREASE-CURRENT> 1276720
<NET-CHANGE-FROM-OPS> 2154690
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 21852715
<NUMBER-OF-SHARES-REDEEMED> 19742738
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 31384952
<ACCUMULATED-NII-PRIOR> 654
<ACCUMULATED-GAINS-PRIOR> (867046)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 46503
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 128703
<AVERAGE-NET-ASSETS> 8954273<F1>
<PER-SHARE-NAV-BEGIN> 8.36<F1>
<PER-SHARE-NII> .17<F1>
<PER-SHARE-GAIN-APPREC> 6.03<F1>
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.56<F1>
<EXPENSE-RATIO> 1.08<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Investor Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001039803
<NAME> PROFUNDS
<SERIES>
<NUMBER> 052
<NAME> ULTRAOTC PROFUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 1643290
<INVESTMENTS-AT-VALUE> 1938000
<RECEIVABLES> 30512061
<ASSETS-OTHER> 24837
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 32474898
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 169778
<TOTAL-LIABILITIES> 169778
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 31036582
<SHARES-COMMON-STOCK> 508749<F1>
<SHARES-COMMON-PRIOR> 79428<F1>
<ACCUMULATED-NII-CURRENT> 172044
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (160466)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1256960
<NET-ASSETS> 32305120
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 253497
<OTHER-INCOME> 0
<EXPENSES-NET> 82107
<NET-INVESTMENT-INCOME> 171390
<REALIZED-GAINS-CURRENT> 706580
<APPREC-INCREASE-CURRENT> 1276720
<NET-CHANGE-FROM-OPS> 2154690
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 21852715
<NUMBER-OF-SHARES-REDEEMED> 19742738
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 31384952
<ACCUMULATED-NII-PRIOR> 654
<ACCUMULATED-GAINS-PRIOR> (867046)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 46503
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 128703
<AVERAGE-NET-ASSETS> 3622673<F1>
<PER-SHARE-NAV-BEGIN> 8.36<F1>
<PER-SHARE-NII> .13<F1>
<PER-SHARE-GAIN-APPREC> 6.04<F1>
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.53<F1>
<EXPENSE-RATIO> 1.91<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Service Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001039803
<NAME> PROFUNDS
<SERIES>
<NUMBER> 061
<NAME> MONEY MARKET PROFUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 11541065
<INVESTMENTS-AT-VALUE> 11541065
<RECEIVABLES> 0
<ASSETS-OTHER> 11065
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11552130
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 84671
<TOTAL-LIABILITIES> 84671
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11467444
<SHARES-COMMON-STOCK> 10442521<F1>
<SHARES-COMMON-PRIOR> 286962<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 15
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 11467459
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 337862
<OTHER-INCOME> (10818)
<EXPENSES-NET> 51279
<NET-INVESTMENT-INCOME> 275765
<REALIZED-GAINS-CURRENT> 18
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 275783
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 275765
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 278722808
<NUMBER-OF-SHARES-REDEEMED> 267749333
<SHARES-REINVESTED> 204494
<NET-CHANGE-IN-ASSETS> 11177987
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (3)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6299
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 77587
<AVERAGE-NET-ASSETS> 9538158<F1>
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .02
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .83<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Investor Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001039803
<NAME> PROFUNDS
<SERIES>
<NUMBER> 062
<NAME> MONEY MARKET PROFUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 11541065
<INVESTMENTS-AT-VALUE> 11541065
<RECEIVABLES> 0
<ASSETS-OTHER> 11065
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11552130
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 84671
<TOTAL-LIABILITIES> 84671
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11467444
<SHARES-COMMON-STOCK> 1024923<F1>
<SHARES-COMMON-PRIOR> 2511<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 15
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 11467459
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 337862
<OTHER-INCOME> (10818)
<EXPENSES-NET> 51279
<NET-INVESTMENT-INCOME> 275765
<REALIZED-GAINS-CURRENT> 18
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 275783
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 275765
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 278722808
<NUMBER-OF-SHARES-REDEEMED> 267749333
<SHARES-REINVESTED> 204494
<NET-CHANGE-IN-ASSETS> 11177987
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (3)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6299
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 77587
<AVERAGE-NET-ASSETS> 2475878<F1>
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .02
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 1.83<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Service Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001039803
<NAME> PROFUNDS
<SERIES>
<NUMBER> 071
<NAME> ULTRASHORT OTC PROFUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JUN-02-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 102710
<INVESTMENTS-AT-VALUE> 60200
<RECEIVABLES> 654066
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 714266
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4554
<TOTAL-LIABILITIES> 4554
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1021326
<SHARES-COMMON-STOCK> 70600<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> 2558
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (263772)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (50400)
<NET-ASSETS> 709712
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4250
<OTHER-INCOME> 0
<EXPENSES-NET> 1692
<NET-INVESTMENT-INCOME> 2558
<REALIZED-GAINS-CURRENT> (263772)
<APPREC-INCREASE-CURRENT> (50400)
<NET-CHANGE-FROM-OPS> (311614)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1665031
<NUMBER-OF-SHARES-REDEEMED> 1570212
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 709712
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 644
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2593
<AVERAGE-NET-ASSETS> 948509<F1>
<PER-SHARE-NAV-BEGIN> 10<F1>
<PER-SHARE-NII> .02<F1>
<PER-SHARE-GAIN-APPREC> (2.54)<F1>
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.48<F1>
<EXPENSE-RATIO> 1.74<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Investor Class Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001039803
<NAME> PROFUNDS
<SERIES>
<NUMBER> 072
<NAME> ULTRASHORT OTC PROFUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JUN-02-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 102710
<INVESTMENTS-AT-VALUE> 60200
<RECEIVABLES> 654066
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 714266
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4554
<TOTAL-LIABILITIES> 4554
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1021326
<SHARES-COMMON-STOCK> 24219<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> 2558
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (263772)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (50400)
<NET-ASSETS> 709712
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4250
<OTHER-INCOME> 0
<EXPENSES-NET> 1692
<NET-INVESTMENT-INCOME> 2558
<REALIZED-GAINS-CURRENT> (263772)
<APPREC-INCREASE-CURRENT> (50400)
<NET-CHANGE-FROM-OPS> (311614)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1665031
<NUMBER-OF-SHARES-REDEEMED> 1570212
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 709712
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 644
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2593
<AVERAGE-NET-ASSETS> 169878<F1>
<PER-SHARE-NAV-BEGIN> 10<F1>
<PER-SHARE-NII> .01<F1>
<PER-SHARE-GAIN-APPREC> (2.52)<F1>
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.49<F1>
<EXPENSE-RATIO> 2.84<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Service Class Shares
</FN>
</TABLE>
The investment objective of the UltraShort OTC ProFund
is to provide investment results that correspond each
day to twice of the inverse (opposite) of the
performance of the NASDAQ 100 Index TM.
