AMERIPRIME ADVISORS TRUST
NSAR-A, 2000-05-17
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<PAGE>      PAGE  1
000 A000000 02/29/2000
000 C000000 0001092949
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 AMERIPRIME ADVISORS TRUST
001 B000000 811-09541
001 C000000 8172516700
002 A000000 1793 KINGSWOOD DR. SUITE 200
002 B000000 SOUTHLAKE
002 C000000 TX
002 D010000 76092
003  000000 Y
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  7
007 C010100  1
007 C020100 MONTEALGE FIXED INCOME FUND
007 C030100 N
007 C010200  2
007 C020200 MONTEAGLE LARGE CAP FUND
007 C030200 N
007 C010300  3
007 C020300 MONTEAGLE OPPORTUNITY GROWTH FUND
007 C030300 N
007 C010400  4
007 C020400 MONTEAGLE VALUE FUND
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007 C010500  5
007 C020500 STONERIDGE BOND FUND
007 C030500 N
007 C010600  6
007 C020600 STONERIDGE EQUITY FUND
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007 C010700  7
007 C020700 STONERIDGE SMALL CAP EQUITY FUND
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007 C010800  8
007 C010900  9
007 C011000 10
010 A00AA01 AMERIPRIME FINANCIAL SERVICES
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<PAGE>      PAGE  2
011 B00AA01 8-48143
011 C01AA01 SOUTHLAKE
011 C02AA01 TX
011 C03AA01 76092
012 A00AA01 UNIFIED FINANCIAL SERVICES, INC.
012 B00AA01 84-0000
012 C01AA01 INDIANAPOLIS
012 C02AA01 IN
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013 B01AA01 WESTLAKE
013 B02AA01 OH
013 B03AA01 44145
015 A00AA01 FIRSTAR BANK, N.A.
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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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<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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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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SIGNATURE   KENNETH D. TRUMPFHELLER
TITLE       PRESIDENT


<TABLE> <S> <C>


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</TABLE>

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<REALIZED-GAINS-CURRENT>                       (10)
<APPREC-INCREASE-CURRENT>                      (75)
<NET-CHANGE-FROM-OPS>                          (84)
<EQUALIZATION>                                 0
<DISTRIBUTIONS-OF-INCOME>                      0
<DISTRIBUTIONS-OF-GAINS>                       0
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                        2308
<NUMBER-OF-SHARES-REDEEMED>                    0
<SHARES-REINVESTED>                            0
<NET-CHANGE-IN-ASSETS>                         2224
<ACCUMULATED-NII-PRIOR>                        0
<ACCUMULATED-GAINS-PRIOR>                      0
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                          3
<INTEREST-EXPENSE>                             0
<GROSS-EXPENSE>                                0
<AVERAGE-NET-ASSETS>                           1876
<PER-SHARE-NAV-BEGIN>                          10
<PER-SHARE-NII>                                0
<PER-SHARE-GAIN-APPREC>                        (0.57)
<PER-SHARE-DIVIDEND>                           0
<PER-SHARE-DISTRIBUTIONS>                      0
<RETURNS-OF-CAPITAL>                           0
<PER-SHARE-NAV-END>                            9.43
<EXPENSE-RATIO>                                1.25



</TABLE>

<TABLE> <S> <C>


<ARTICLE>                                            6
<CIK>                         0001092949
<NAME>                        AMERIPRIME ADVISORS TRUST FUNDS
<SERIES>
   <NUMBER>                   3
   <NAME>                     Monteagle Opportunity Growth Fund
<MULTIPLIER>                                   1000
<CURRENCY>                                     U.S. Dollars

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              AUG-31-2000
<PERIOD-START>                                 DEC-17-1999
<PERIOD-END>                                   FEB-29-2000
<EXCHANGE-RATE>                                1
<INVESTMENTS-AT-COST>                          73712
<INVESTMENTS-AT-VALUE>                         118575
<RECEIVABLES>                                  121
<ASSETS-OTHER>                                 3
<OTHER-ITEMS-ASSETS>                           0
<TOTAL-ASSETS>                                 118699
<PAYABLE-FOR-SECURITIES>                       104
<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>                      0
<TOTAL-LIABILITIES>                            104
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>                       46290
<SHARES-COMMON-STOCK>                          6935
<SHARES-COMMON-PRIOR>                          0
<ACCUMULATED-NII-CURRENT>                      (95)
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                        27536
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>                       44863
<NET-ASSETS>                                   118594
<DIVIDEND-INCOME>                              1
<INTEREST-INCOME>                              127
<OTHER-INCOME>                                 0
<EXPENSES-NET>                                 223
<NET-INVESTMENT-INCOME>                        (95)
<REALIZED-GAINS-CURRENT>                       27536
<APPREC-INCREASE-CURRENT>                      44863
<NET-CHANGE-FROM-OPS>                          72304
<EQUALIZATION>                                 1
<DISTRIBUTIONS-OF-INCOME>                      0
<DISTRIBUTIONS-OF-GAINS>                       0
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                        2029
<NUMBER-OF-SHARES-REDEEMED>                    2428
<SHARES-REINVESTED>                            0
<NET-CHANGE-IN-ASSETS>                         118594
<ACCUMULATED-NII-PRIOR>                        0
<ACCUMULATED-GAINS-PRIOR>                      0
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                          223
<INTEREST-EXPENSE>                             0
<GROSS-EXPENSE>                                223
<AVERAGE-NET-ASSETS>                           86075
<PER-SHARE-NAV-BEGIN>                          10
<PER-SHARE-NII>                                (0.01)
<PER-SHARE-GAIN-APPREC>                        7.11
<PER-SHARE-DIVIDEND>                           0
<PER-SHARE-DISTRIBUTIONS>                      0
<RETURNS-OF-CAPITAL>                           0
<PER-SHARE-NAV-END>                            17.10
<EXPENSE-RATIO>                                1.26



</TABLE>

<TABLE> <S> <C>


<ARTICLE>                                            6
<CIK>                         0001092949
<NAME>                        AMERIPRIME ADVISORS TRUST FUNDS
<SERIES>
   <NUMBER>                   4
   <NAME>                     Monteagle Value Fund
<MULTIPLIER>                                   1000
<CURRENCY>                                     U.S. Dollars

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              AUG-31-2000
<PERIOD-START>                                 DEC-17-1999
<PERIOD-END>                                   FEB-29-2000
<EXCHANGE-RATE>                                1
<INVESTMENTS-AT-COST>                          16925
<INVESTMENTS-AT-VALUE>                         15453
<RECEIVABLES>                                  2697
<ASSETS-OTHER>                                 2
<OTHER-ITEMS-ASSETS>                           0
<TOTAL-ASSETS>                                 18152
<PAYABLE-FOR-SECURITIES>                       1780
<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>                      20
<TOTAL-LIABILITIES>                            1800
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>                       19831
<SHARES-COMMON-STOCK>                          1770
<SHARES-COMMON-PRIOR>                          0
<ACCUMULATED-NII-CURRENT>                      15
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                        (2022)
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>                       (1472)
<NET-ASSETS>                                   16352
<DIVIDEND-INCOME>                              54
<INTEREST-INCOME>                              10
<OTHER-INCOME>                                 0
<EXPENSES-NET>                                 49
<NET-INVESTMENT-INCOME>                        15
<REALIZED-GAINS-CURRENT>                       (2022)
<APPREC-INCREASE-CURRENT>                      (1472)
<NET-CHANGE-FROM-OPS>                          0
<EQUALIZATION>                                 1
<DISTRIBUTIONS-OF-INCOME>                      0
<DISTRIBUTIONS-OF-GAINS>                       0
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                        28
<NUMBER-OF-SHARES-REDEEMED>                    877
<SHARES-REINVESTED>                            0
<NET-CHANGE-IN-ASSETS>                         16352
<ACCUMULATED-NII-PRIOR>                        0
<ACCUMULATED-GAINS-PRIOR>                      0
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                          49
<INTEREST-EXPENSE>                             0
<GROSS-EXPENSE>                                49
<AVERAGE-NET-ASSETS>                           17823
<PER-SHARE-NAV-BEGIN>                          10
<PER-SHARE-NII>                                0.01
<PER-SHARE-GAIN-APPREC>                        (0.77)
<PER-SHARE-DIVIDEND>                           0
<PER-SHARE-DISTRIBUTIONS>                      0
<RETURNS-OF-CAPITAL>                           0
<PER-SHARE-NAV-END>                            9.24
<EXPENSE-RATIO>                                1.35



</TABLE>

<TABLE> <S> <C>


<ARTICLE>                                       6

<CIK>                         0001092949
<NAME>                        AMERIPRIME ADVISORS TRUST
<SERIES>
   <NUMBER>                   5
   <NAME>                     STONERIDGE BOND FUND
<MULTIPLIER>                                   1000
<CURRENCY>                                     U.S. DOLLARS

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              AUG-31-2000
<PERIOD-START>                                 OCT-14-1999
<PERIOD-END>                                   FEB-29-2000
<EXCHANGE-RATE>                                1
<INVESTMENTS-AT-COST>                          20,217
<INVESTMENTS-AT-VALUE>                         20,009
<RECEIVABLES>                                  573
<ASSETS-OTHER>                                 0
<OTHER-ITEMS-ASSETS>                           0
<TOTAL-ASSETS>                                 20,582
<PAYABLE-FOR-SECURITIES>                       623
<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>                      19
<TOTAL-LIABILITIES>                            642
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>                       20,157
<SHARES-COMMON-STOCK>                          2,014
<SHARES-COMMON-PRIOR>                          0
<ACCUMULATED-NII-CURRENT>                      62
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                        (70)
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>                       (209)
<NET-ASSETS>                                   19,940
<DIVIDEND-INCOME>                              0
<INTEREST-INCOME>                              508
<OTHER-INCOME>                                 0
<EXPENSES-NET>                                 53
<NET-INVESTMENT-INCOME>                        455
<REALIZED-GAINS-CURRENT>                       (68)
<APPREC-INCREASE-CURRENT>                      (209)
<NET-CHANGE-FROM-OPS>                          178
<EQUALIZATION>                                 0
<DISTRIBUTIONS-OF-INCOME>                      393
<DISTRIBUTIONS-OF-GAINS>                       2
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                        24,324
<NUMBER-OF-SHARES-REDEEMED>                    4,563
<SHARES-REINVESTED>                            396
<NET-CHANGE-IN-ASSETS>                         19,940
<ACCUMULATED-NII-PRIOR>                        0
<ACCUMULATED-GAINS-PRIOR>                      0
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                          32
<INTEREST-EXPENSE>                             0
<GROSS-EXPENSE>                                67
<AVERAGE-NET-ASSETS>                           21,167
<PER-SHARE-NAV-BEGIN>                          10.00
<PER-SHARE-NII>                                0.22
<PER-SHARE-GAIN-APPREC>                        (0.12)
<PER-SHARE-DIVIDEND>                           0.20
<PER-SHARE-DISTRIBUTIONS>                      0.00
<RETURNS-OF-CAPITAL>                           0
<PER-SHARE-NAV-END>                            9.90
<EXPENSE-RATIO>                                0.65



</TABLE>

<TABLE> <S> <C>


<ARTICLE>                                            6
<CIK>                         0001092949
<NAME>                        AMERIPRIME ADVISORS TRUST
<SERIES>
   <NUMBER>                   6
   <NAME>                     STONERIDGE EQUITY FUND
<MULTIPLIER>                                   1000
<CURRENCY>                                     U.S. DOLLARS

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              AUG-31-2000
<PERIOD-START>                                 OCT-1-1999
<PERIOD-END>                                   FEB-29-2000
<EXCHANGE-RATE>                                1
<INVESTMENTS-AT-COST>                          4,558
<INVESTMENTS-AT-VALUE>                         4,761
<RECEIVABLES>                                  21
<ASSETS-OTHER>                                 175
<OTHER-ITEMS-ASSETS>                           0
<TOTAL-ASSETS>                                 4,957
<PAYABLE-FOR-SECURITIES>                       234
<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>                      7
<TOTAL-LIABILITIES>                            241
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>                       4,243
<SHARES-COMMON-STOCK>                          431
<SHARES-COMMON-PRIOR>                          0
<ACCUMULATED-NII-CURRENT>                      2
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                        268
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>                       203
<NET-ASSETS>                                   4,716
<DIVIDEND-INCOME>                              17
<INTEREST-INCOME>                              8
<OTHER-INCOME>                                 0
<EXPENSES-NET>                                 18
<NET-INVESTMENT-INCOME>                        7
<REALIZED-GAINS-CURRENT>                       268
<APPREC-INCREASE-CURRENT>                      203
<NET-CHANGE-FROM-OPS>                          478
<EQUALIZATION>                                 0
<DISTRIBUTIONS-OF-INCOME>                      5
<DISTRIBUTIONS-OF-GAINS>                       0
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                        5,831
<NUMBER-OF-SHARES-REDEEMED>                    1,593
<SHARES-REINVESTED>                            5
<NET-CHANGE-IN-ASSETS>                         4,716
<ACCUMULATED-NII-PRIOR>                        0
<ACCUMULATED-GAINS-PRIOR>                      0
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                          12
<INTEREST-EXPENSE>                             0
<GROSS-EXPENSE>                                47
<AVERAGE-NET-ASSETS>                           4,692
<PER-SHARE-NAV-BEGIN>                          10.00
<PER-SHARE-NII>                                0.02
<PER-SHARE-GAIN-APPREC>                        0.93
<PER-SHARE-DIVIDEND>                           0.01
<PER-SHARE-DISTRIBUTIONS>                      0.00
<RETURNS-OF-CAPITAL>                           0
<PER-SHARE-NAV-END>                            10.94
<EXPENSE-RATIO>                                0.90



</TABLE>

<TABLE> <S> <C>


<ARTICLE>                                            6
<CIK>                         0001092949
<NAME>                        AMERIPRIME ADVISORS TRUST
<SERIES>
   <NUMBER>                   7
   <NAME>                     STONERIDGE SMALL CAP EQUITY FUND
<MULTIPLIER>                                   1000
<CURRENCY>                                     U.S. DOLLARS

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              AUG-31-2000
<PERIOD-START>                                 OCT-1-1999
<PERIOD-END>                                   FEB-29-2000
<EXCHANGE-RATE>                                1
<INVESTMENTS-AT-COST>                          14,495
<INVESTMENTS-AT-VALUE>                         15,500
<RECEIVABLES>                                  103
<ASSETS-OTHER>                                 723
<OTHER-ITEMS-ASSETS>                           0
<TOTAL-ASSETS>                                 16,326
<PAYABLE-FOR-SECURITIES>                       1,022
<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>                      27
<TOTAL-LIABILITIES>                            1,050
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>                       11,542
<SHARES-COMMON-STOCK>                          1,008
<SHARES-COMMON-PRIOR>                          0
<ACCUMULATED-NII-CURRENT>                      (22)
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                        2,751
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>                       1,005
<NET-ASSETS>                                   15,276
<DIVIDEND-INCOME>                              3
<INTEREST-INCOME>                              38
<OTHER-INCOME>                                 0
<EXPENSES-NET>                                 52
<NET-INVESTMENT-INCOME>                        (11)
<REALIZED-GAINS-CURRENT>                       2,873
<APPREC-INCREASE-CURRENT>                      1,005
<NET-CHANGE-FROM-OPS>                          3,867
<EQUALIZATION>                                 0
<DISTRIBUTIONS-OF-INCOME>                      10
<DISTRIBUTIONS-OF-GAINS>                       122
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                        11,644
<NUMBER-OF-SHARES-REDEEMED>                    234
<SHARES-REINVESTED>                            131
<NET-CHANGE-IN-ASSETS>                         15,276
<ACCUMULATED-NII-PRIOR>                        0
<ACCUMULATED-GAINS-PRIOR>                      0
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                          42
<INTEREST-EXPENSE>                             0
<GROSS-EXPENSE>                                80
<AVERAGE-NET-ASSETS>                           10,140
<PER-SHARE-NAV-BEGIN>                          10.00
<PER-SHARE-NII>                                (0.01)
<PER-SHARE-GAIN-APPREC>                        5.31
<PER-SHARE-DIVIDEND>                           0.01
<PER-SHARE-DISTRIBUTIONS>                      0.13
<RETURNS-OF-CAPITAL>                           0
<PER-SHARE-NAV-END>                            15.16
<EXPENSE-RATIO>                                1.25



</TABLE>


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