RAVEN FUNDS
N-1A, EX-99.CETRUST, 2000-09-01
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                                                    Exhibit a(i) under Form N-1A
                                            Exhibit 3(i) under Item 601/Reg. S-K

                              CERTIFICATE OF TRUST

                                       OF

                                   RAVEN FUNDS

                            a Delaware Business Trust

            This Certificate of Trust of Raven Funds (the "Trust") is being duly
executed and filed, in order to form a business trust pursuant to the Delaware
Business Trust Act (the "Act"), Del. Code Ann. tit. 12,ss.ss.3801-3819.

            1.  NAME.  The name of the business trust formed hereby is "Raven
Funds."

            2. REGISTERED OFFICE AND REGISTERED AGENT. The Trust will become,
prior to the issuance of shares of beneficial interest, a registered management
investment company under the Investment Company Act of 1940, as amended.
Therefore, in accordance with Section 3807(b) of the Act, the Trust has and
shall maintain in the State of Delaware a registered office and a registered
agent for service of process.

          (A)  REGISTERED OFFICE. The registered office of the Trust in Delaware
               is c/o SR  Services,  LLC, 919 North  Market  Street,  Suite 600,
               Wilmington, Delaware 19801.

                  (B) REGISTERED AGENT. The registered agent for service of
            process on the Trust in Delaware is SR Services, LLC, 919 North
            Market Street, Suite 600, Wilmington, Delaware 19801.

            3. LIMITATION OF LIABILITY. Pursuant to Section 3804 of the Act, the
debts, liabilities, obligations and expenses incurred, contracted for or
otherwise existing with respect to a particular series, whether such series is
now authorized and existing pursuant to the governing instrument of the Trust or
is hereafter authorized and existing pursuant to said governing instrument,
shall be enforceable against the assets associated with such series only, and
not against the assets of the Trust generally or any other series thereof, and,
except as otherwise provided in the governing instrument of the Trust, none of
the debts, liabilities, obligations and expenses incurred, contracted for or
otherwise existing with respect to the Trust generally or any other series
thereof shall be enforceable against the assets of such series.

            IN WITNESS WHEREOF, the Trustees named below do hereby execute this
Certificate of Trust as of the 31st day of August, 2000.

/S/  C. GRANT ANDERSON..            ......      /S/ PETER J. GERMAIN
------------------------------------------      --------------------------------
C. Grant Anderson ......            ......      Peter J. Germain
Trustee           ......            ......      Trustee

/S/ JEFFREY W. STERLING.            ......
------------------------------------------
Jeffrey W. Sterling.....            ......
Trustee           ......            ......






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