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<PAGE> PAGE 21
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050 000400 N
051 000400 N
052 000400 N
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053 B000400 Y
053 C000400 N
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
062 A000400 N
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<PAGE> PAGE 22
062 M000400 0.0
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066 D000400 N
066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
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070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
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070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 Y
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
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070 L020400 N
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070 M020400 N
070 N010400 N
070 N020400 N
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<PAGE> PAGE 23
070 Q010400 Y
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<PAGE> PAGE 24
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SIGNATURE TOM SHEEHAN
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE MEMORIAL FUNDS ANNUAL REPORT DATED DECEMBER 31, 1998 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<CIK> 0001045701
<NAME> MEMORIAL FUNDS
<SERIES>
<NUMBER> 001
<NAME> GOVERNMENT BOND FUND - INSTITUTIONAL SHARES
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> MAR-29-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 63,804,754
<INVESTMENTS-AT-VALUE> 64,884,198
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<TOTAL-LIABILITIES> 271,639
<SENIOR-EQUITY> 0
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<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 423
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<ACCUMULATED-NET-GAINS> (611)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,079,444
<NET-ASSETS> 65,675,565
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,029,609
<OTHER-INCOME> 0
<EXPENSES-NET> 254,744
<NET-INVESTMENT-INCOME> 1,774,865
<REALIZED-GAINS-CURRENT> 889,300
<APPREC-INCREASE-CURRENT> 1,079,444
<NET-CHANGE-FROM-OPS> 3,743,609
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,774,865
<DISTRIBUTIONS-OF-GAINS> 889,917
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<NUMBER-OF-SHARES-SOLD> 8,492,304
<NUMBER-OF-SHARES-REDEEMED> 2,176,588
<SHARES-REINVESTED> 89,801
<NET-CHANGE-IN-ASSETS> 65,675,565
<ACCUMULATED-NII-PRIOR> 0
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<INTEREST-EXPENSE> 0
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<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .39
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE MEMORIAL FUNDS ANNUAL REPORT DATED DECEMBER 31, 1998 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<CIK> 0001045701
<NAME> MEMORIAL FUNDS
<SERIES>
<NUMBER> 002
<NAME> CORPORATE BOND FUND - INSTITUTIONAL SHARES
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> MAR-25-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 136,522,384
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<OTHER-ITEMS-ASSETS> 25,403
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<OTHER-ITEMS-LIABILITIES> 793,385
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<ACCUM-APPREC-OR-DEPREC> 1,186,626
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<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
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QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<CIK> 0001045701
<NAME> MEMORIAL FUNDS
<SERIES>
<NUMBER> 032
<NAME> GROWTH EQUITY FUND - INSTITUTIONAL SHARES
<S> <C>
<PERIOD-TYPE> 10-MOS
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<TABLE> <S> <C>
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
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</LEGEND>
<CIK> 0001045701
<NAME> MEMORIAL FUNDS
<SERIES>
<NUMBER> 031
<NAME> GROWTH EQUITY FUND - TRUST SHARES
<S> <C>
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<ACCUM-APPREC-OR-DEPREC> 3,003,778
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE MEMORIAL FUNDS ANNUAL REPORT DATED DECEMBER 31, 1998 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND
<CIK> 0001045701
<NAME> MEMORIAL FUNDS
<SERIES>
<NUMBER> 042
<NAME> VALUE EQUITY FUND - INSTITUTIONAL SHARES
<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE MEMORIAL FUNDS ANNUAL REPORT DATED DECEMBER 31, 1998 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<CIK> 0001045701
<NAME> MEMORIAL FUNDS
<SERIES>
<NUMBER> 041
<NAME> VALUE EQUITY FUND - TRUST SHARES
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