<PAGE> PAGE 1
000 B000000 09/30/2000
000 C000000 0001061390
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001 A000000 THE AVALON FUND OF MARYLAND, INC.
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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SIGNATURE JOHN GAKENHEIMER
TITLE VICE PRESIDENT
