<PAGE> PAGE 1
000 B000000 10/31/1999
000 C000000 0001044308
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 WCT FUNDS
001 B000000 811-08335
001 C000000 4122888160
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 WEST COAST EQUITY 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 ALLT COAST TRUST COMPANY, INC.
008 B00AA01 A
008 C00AA01 801-0000
008 D01AA01 PORTLAND
008 D02AA01 OR
008 D03AA01 97205
008 A00AA02 BECKER CAPITAL MANAGEMENT, INC.
008 B00AA02 S
008 C00AA02 801-0000
008 D01AA02 PORTLAND
008 D02AA02 OR
008 D03AA02 97204
010 A00AA01 FEDERATED SERVICES COMPANY
010 C01AA01 PITTSBURGH
010 C02AA01 PA
010 C03AA01 15222
<PAGE> PAGE 2
010 C04AA01 3779
011 A00AA01 EDGEWOOD SERVICES, INC.
011 B00AA01 8-46985
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15237
011 C04AA01 7010
012 A00AA01 FEDERATED SHAREHOLDER SERVICES COMPANY
012 B00AA01 84-1869
012 C01AA01 PITTSBURGH
012 C02AA01 PA
012 C03AA01 15222
012 C04AA01 3779
013 A00AA01 ARTHUR ANDERSEN LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
013 B04AA01 2812
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02266
015 C04AA01 8600
015 E01AA01 X
015 A00AA02 BANKERS TRUST CO.
015 B00AA02 S
015 C01AA02 NEW YORK
015 C02AA02 NY
015 C03AA02 10015
015 E01AA02 X
015 A00AA03 BANK OF NEW YORK
015 B00AA03 S
015 C01AA03 NEW YORK
015 C02AA03 NY
015 C03AA03 10006
015 E01AA03 X
015 A00AA04 THE CHASE MANHATTAN CORP.
015 B00AA04 S
015 C01AA04 NEW YORK
015 C02AA04 NY
015 C03AA04 10006
015 E01AA04 X
015 A00AA05 MORGAN GUARANTY BANK & TRUST CO.
015 B00AA05 S
015 C01AA05 NEW YORK
015 C02AA05 NY
015 C03AA05 10015
015 E01AA05 X
015 A00AA06 NATIONSBANK OF NORTH CAROLINA
015 B00AA06 S
<PAGE> PAGE 3
015 C01AA06 CHARLOTTE
015 C02AA06 NC
015 C03AA06 28255
015 E01AA06 X
015 A00AA07 PNC BANK, NA
015 B00AA07 S
015 C01AA07 PITTSBURGH
015 C02AA07 PA
015 C03AA07 15265
015 E01AA07 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 INSINET CORP
020 B000001 13-3443395
020 C000001 21
020 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000002 13-5674085
020 C000002 13
020 A000003 BEAR STEARN SECURITIES
020 B000003 13-4941247
020 C000003 10
020 A000004 DONALDSON LUFKIN JENETTE
020 B000004 13-2741729
020 C000004 8
020 A000005 CAPITAL INSTITTIONAL SERVICES
020 C000005 8
020 A000006 GOLDMAN SACHS & CO.
020 B000006 13-5108880
020 C000006 7
020 A000007 WEEDEN & CO.
020 B000007 13-3364318
020 C000007 6
020 A000008 FRANK RUSSELL & CO.
020 C000008 5
020 A000009 MORGAN STANLEY AND CO., INC.
020 B000009 13-2655998
020 C000009 5
020 A000010 SANFORD BERNSTEIN
020 C000010 5
021 000000 120
022 A000001 SEVEN SEAS
022 C000001 26277
022 D000001 26505
022 A000002 BAIRD ROBERT W. & CO.
022 C000002 0
022 D000002 762
022 A000003 MORGAN STANLEY AND CO., INC.
022 B000003 13-2655998
022 C000003 377
022 D000003 375
<PAGE> PAGE 4
022 A000004 FURMAN, SELZ, MAGERDIETZ & CO.
022 C000004 0
022 D000004 743
022 A000005 DEAN WITTER REYNOLDS INC.
022 C000005 0
022 D000005 662
022 A000006 MERRILL LYNCH PIERCE FENNER
022 B000006 16-5674085
022 C000006 108
022 D000006 436
022 A000007 CANTOR FITZGERALD & CO.
022 C000007 262
022 D000007 0
022 A000008 GOLDMAN SACHS & CO.
022 C000008 0
022 D000008 39
022 A000009 JEFFERIES & CO.
022 C000009 0
022 D000009 18
022 C000010 0
022 D000010 0
023 C000000 27024
023 D000000 29540
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<PAGE> PAGE 5
077 C000000 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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<PAGE> PAGE 10
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SIGNATURE STEVE KEANE
TITLE GEN. COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001044308
<NAME> West Coast Trust Equity
<SERIES>
<NUMBER> 01
<NAME> West Coast Trust Equity
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Oct-31-1999
<PERIOD-END> Oct-31-1999
<INVESTMENTS-AT-COST> 34,181,961
<INVESTMENTS-AT-VALUE> 41,944,312
<RECEIVABLES> 660,341
<ASSETS-OTHER> 6,336
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 42,610,989
<PAYABLE-FOR-SECURITIES> 376,688
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 74,472
<TOTAL-LIABILITIES> 451,160
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 30,685,702
<SHARES-COMMON-STOCK> 4,537,242
<SHARES-COMMON-PRIOR> 5,246,904
<ACCUMULATED-NII-CURRENT> 56,469
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,483,283
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,934,375
<NET-ASSETS> 42,159,829
<DIVIDEND-INCOME> 890,579
<INTEREST-INCOME> 60,021
<OTHER-INCOME> 0
<EXPENSES-NET> (461,555)
<NET-INVESTMENT-INCOME> 489,045
<REALIZED-GAINS-CURRENT> 3,578,095
<APPREC-INCREASE-CURRENT> 150,990
<NET-CHANGE-FROM-OPS> 4,218,130
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (527,132)
<DISTRIBUTIONS-OF-GAINS> (4,000,441)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,875,005
<NUMBER-OF-SHARES-REDEEMED> (15,518,627)
<SHARES-REINVESTED> 2,006,940
<NET-CHANGE-IN-ASSETS> (6,946,125)
<ACCUMULATED-NII-PRIOR> 94,556
<ACCUMULATED-GAINS-PRIOR> 3,905,629
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 339,846
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 645,077
<AVERAGE-NET-ASSETS> 45,312,728
<PER-SHARE-NAV-BEGIN> 9.360
<PER-SHARE-NII> 0.110
<PER-SHARE-GAIN-APPREC> 0.740
<PER-SHARE-DIVIDEND> (0.920)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.290
<EXPENSE-RATIO> 1.02
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Board of Trustees of
WCT Equity Fund:
In planning and performing our audit of the financial statements of WCT
Equity Fund (a Massachusetts business trust) for the year ended October 31,
1999, we considered its internal control structure, 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 WCT Equity 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 control activities include the
safeguarding of assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors 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 October 31, 1999.
This report is intended solely for the information and use of management,
and Board of Trustees of WCT Equity Fund, and the Securities and Exchange
Commission.
Boston, Massachusetts
December 6, 1999
- - 2 -
