<PAGE> PAGE 1
000 B000000 10/31/1999
000 C000000 0001048749
000 D000000 Y
000 E000000 NF
000 F000000 Y
000 G000000 N
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000 I000000 6.1
000 J000000 A
001 A000000 THE GRAND PRIX FUNDS, INC.
001 B000000 811-8461
001 C000000 2037619600
002 A000000 WILTON EXECUTIVE CAMPUS 15 RIVER RD #220
002 B000000 WILTON
002 C000000 CT
002 D010000 06897
003 000000 N
004 000000 N
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007 C020100 GRAND PRIX FUND
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008 B00AA01 A
008 C00AA01 801-18744
008 D01AA01 WILTON
008 D02AA01 CT
008 D03AA01 06897
010 A00AA01 SUNSTONE FINANCIAL GROUP, INC.
010 B00AA01 84-5792
010 C01AA01 MILWAUKEE
010 C02AA01 WI
010 C03AA01 53202
010 A00AA02 FIRSTAR MUTUAL FUND SERVICES, LLC
010 B00AA02 85-11357
010 C01AA02 MILWAUKEE
010 C02AA02 WI
010 C03AA02 53202
011 A00AA01 AMERIPRIME FINANCIAL SECURITIES, INC.
<PAGE> PAGE 2
011 B00AA01 8-48143
011 C01AA01 SOUTHLAKE
011 C02AA01 TX
011 C03AA01 76092
011 A00AA02 T.O. RICHARDSON SECURITIES, INC.
011 B00AA02 8-0129091
011 C01AA02 FARMINGTON
011 C02AA02 CT
011 C03AA02 06032
011 C04AA02 2256
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012 B00AA02 85-11357
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013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 MILWAUKEE
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015 A00AA01 FIFTH THIRD BANK
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020 C000002 44
020 A000003 RAYMOND JAMES
020 C000003 24
020 A000004 JOSEPHTHAL & CO., INC.
020 C000004 16
020 A000005 MERRILL LYNCH
020 C000005 13
020 A000006 ALEX BROWN
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<PAGE> PAGE 3
020 A000007 JEFFRIES & CO., INC.
020 C000007 10
020 A000008 CANTOR FITZGERALD
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020 A000009 CHARLES SCHWAB
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020 A000010 U.S. CLEARING CORP
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022 A000007 LEHMAN BROTHERS
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022 C000008 18273
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022 C000009 15571
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022 A000010 SMITH BARNEY
022 C000010 11732
022 D000010 5602
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 10
SIGNATURE ROBERT ZUCCARO
TITLE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001048749
<NAME> GRAND PRIX FUNDS - CLASS A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-01-1998
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 83,806,457
<INVESTMENTS-AT-VALUE> 110,451,309
<RECEIVABLES> 7,850,915
<ASSETS-OTHER> 2,396,683
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 120,698,907
<PAYABLE-FOR-SECURITIES> 7,992,106
<SENIOR-LONG-TERM-DEBT> 10,000,000
<OTHER-ITEMS-LIABILITIES> 477,139
<TOTAL-LIABILITIES> 18,469,245
<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 3,279,366
<SHARES-COMMON-PRIOR> 110,670
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (322,301)
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 102,229,662
<DIVIDEND-INCOME> 37,327
<INTEREST-INCOME> 85,513
<OTHER-INCOME> 0
<EXPENSES-NET> (693,702)
<NET-INVESTMENT-INCOME> (570,862)
<REALIZED-GAINS-CURRENT> 260,879
<APPREC-INCREASE-CURRENT> 26,470,077
<NET-CHANGE-FROM-OPS> 26,160,094
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (312,180)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,988,061
<NUMBER-OF-SHARES-REDEEMED> (841,135)
<SHARES-REINVESTED> 21,770
<NET-CHANGE-IN-ASSETS> 100,634,254
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> (389,762)
<INTEREST-EXPENSE> (17,875)
<GROSS-EXPENSE> (898,263)
<AVERAGE-NET-ASSETS> 38,116,520
<PER-SHARE-NAV-BEGIN> 14.42
<PER-SHARE-NII> (0.32)
<PER-SHARE-GAIN-APPREC> 16.74
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (2.63)
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<EXPENSE-RATIO> 1.72
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<CIK> 0001048749
<NAME> GRAND PRIX FUNDS - CLASS C
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<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
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</TABLE>
REPORT OF INDEPENDENT AUDITORS
To the Shareholders and
Board of Directors of
Grand Prix Fund
In planning and performing our audit of the financial statements of the Grand
Prix Fund (the Fund) for the year ended October 31, 1999, we considered its
internal control, including control activities over 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
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 controls include the safeguarding of assets against
unauthorized acquisition, use, or disposition.
Because of inherent limitations in internal control, errors or fraud 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 condition 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
of the internal control components does not reduce to a relatively low level the
risk that errors 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 the internal control and its operation,
including controls for safeguarding securities, that we consider to be material
weaknesses as defined above at October 31, 1999.
This report is intended solely for the information and use of the Board of
Directors and management of the Grand Prix Fund and the Securities and Exchange
Commission and is not intended to be and should not be used by anyone other than
these specified parties.
November 19, 1999
Milwaukee, Wisconsin
