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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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<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 15
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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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<PAGE> PAGE 20
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<PAGE> PAGE 21
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042 G000400 0
042 H000400 0
043 000400 0
044 000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.400
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
<PAGE> PAGE 22
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 N
054 A000400 Y
054 B000400 Y
054 C000400 N
054 D000400 N
054 E000400 N
054 F000400 N
054 G000400 N
054 H000400 Y
054 I000400 N
054 J000400 Y
054 K000400 N
054 L000400 N
054 M000400 Y
054 N000400 N
054 O000400 N
055 A000400 N
055 B000400 N
056 000400 N
057 000400 N
058 A000400 N
058 B000400 N
058 C000400 N
058 D000400 N
058 E000400 N
059 000400 Y
060 A000400 N
060 B000400 N
061 000400 5000
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
<PAGE> PAGE 23
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 0.0
066 A000400 Y
066 B000400 N
066 C000400 Y
066 D000400 N
066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
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 N
070 L010400 Y
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
<PAGE> PAGE 24
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
072 A000400 6
072 B000400 0
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 0
072 G000400 0
072 H000400 0
072 I000400 0
072 J000400 0
072 K000400 0
072 L000400 0
072 M000400 0
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 0
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 0
072 X000400 0
072 Y000400 0
072 Z000400 0
072AA000400 0
072BB000400 0
072CC010400 0
072CC020400 0
072DD010400 0
072DD020400 0
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 0
074 E000400 0
<PAGE> PAGE 25
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 0
074 M000400 0
074 N000400 0
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 0
074 S000400 0
074 T000400 0
074 U010400 0
074 U020400 0
074 V010400 0.00
074 V020400 0.00
074 W000400 0.0000
074 X000400 0
074 Y000400 0
075 A000400 0
075 B000400 8532
076 000400 0.00
008 A000501 FORUM ADVISORS, INC.
008 B000501 A
008 C000501 801-31487
008 D010501 PORTLAND
008 D020501 ME
008 D030501 04101
015 A000501 THE FIRST NATIONAL BANK OF BOSTON
015 B000501 C
015 C010501 CANTON
015 C020501 MA
015 C030501 02021
015 E010501 X
024 000500 N
025 D000501 0
025 D000502 0
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 66
028 A020500 12
<PAGE> PAGE 26
028 A030500 0
028 A040500 41
028 B010500 96
028 B020500 13
028 B030500 0
028 B040500 18
028 C010500 63
028 C020500 34
028 C030500 0
028 C040500 99
028 D010500 39
028 D020500 30
028 D030500 0
028 D040500 218
028 E010500 256
028 E020500 30
028 E030500 0
028 E040500 55
028 F010500 150
028 F020500 28
028 F030500 0
028 F040500 33
028 G010500 670
028 G020500 147
028 G030500 0
028 G040500 464
028 H000500 79
029 000500 Y
030 A000500 2
030 B000500 3.75
030 C000500 0.00
031 A000500 0
031 B000500 0
032 000500 2
033 000500 0
037 000500 N
038 000500 0
039 000500 N
040 000500 N
041 000500 N
042 A000500 0
042 B000500 0
042 C000500 0
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 0
044 000500 0
045 000500 Y
<PAGE> PAGE 27
046 000500 N
047 000500 Y
048 000500 0.400
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 Y
053 B000500 N
053 C000500 N
054 A000500 Y
054 B000500 Y
054 C000500 N
054 D000500 N
054 E000500 N
054 F000500 N
054 G000500 N
054 H000500 Y
054 I000500 N
054 J000500 Y
054 K000500 N
054 L000500 N
054 M000500 Y
054 N000500 N
054 O000500 N
055 A000500 N
055 B000500 N
056 000500 N
057 000500 N
<PAGE> PAGE 28
058 A000500 N
058 B000500 N
058 C000500 N
058 D000500 N
058 E000500 N
059 000500 Y
060 A000500 N
060 B000500 N
061 000500 5000
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 6.3
062 M000500 0.0
062 N000500 0.0
062 O000500 93.7
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 8.0
064 A000500 Y
064 B000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 N
<PAGE> PAGE 29
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 11102
071 B000500 10083
071 C000500 16366
071 D000500 62
072 A000500 12
072 B000500 1036
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 69
072 G000500 52
072 H000500 0
072 I000500 56
072 J000500 4
072 K000500 0
072 L000500 0
072 M000500 2
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 39
072 R000500 0
072 S000500 22
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 13
072 X000500 257
072 Y000500 152
072 Z000500 931
<PAGE> PAGE 30
072AA000500 180
072BB000500 0
072CC010500 113
072CC020500 0
072DD010500 932
072DD020500 0
072EE000500 7
073 A010500 0.5700
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 0
074 C000500 1109
074 D000500 16548
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 330
074 M000500 0
074 N000500 17987
074 O000500 0
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 72
074 S000500 0
074 T000500 17915
074 U010500 1695
074 U020500 0
074 V010500 10.57
074 V020500 0.00
074 W000500 0.0000
074 X000500 49
074 Y000500 0
075 A000500 0
075 B000500 17386
076 000500 0.00
030 A000600 0
030 B000600 0.00
030 C000600 0.00
042 A000600 0
042 B000600 0
042 C000600 0
042 D000600 0
<PAGE> PAGE 31
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 0
044 000600 0
008 A000701 H.M. PAYSON & CO.
008 B000701 A
008 C000701 801-3901
008 D010701 PORTLAND
008 D020701 ME
008 D030701 04101
015 A000701 THE FIRST NATIONAL BANK OF BOSTON
015 B000701 C
015 C010701 CANTON
015 C020701 MA
015 C030701 02021
015 E010701 X
024 000700 Y
025 A000701 BEAR, STEARNS & CO., INC.
025 B000701 13-3299429
025 C000701 D
025 D000701 146
025 D000702 0
025 D000703 0
025 D000704 0
025 D000705 0
025 D000706 0
025 D000707 0
025 D000708 0
028 A010700 119
028 A020700 73
028 A030700 0
028 A040700 78
028 B010700 146
028 B020700 0
028 B030700 0
028 B040700 114
028 C010700 157
028 C020700 230
028 C030700 0
028 C040700 220
028 D010700 194
028 D020700 69
028 D030700 0
028 D040700 98
028 E010700 342
028 E020700 0
028 E030700 0
028 E040700 182
028 F010700 256
<PAGE> PAGE 32
028 F020700 0
028 F030700 0
028 F040700 187
028 G010700 1214
028 G020700 372
028 G030700 0
028 G040700 879
028 H000700 0
029 000700 N
030 A000700 0
030 B000700 0.00
030 C000700 0.00
031 A000700 0
031 B000700 0
032 000700 0
033 000700 0
037 000700 N
038 000700 0
039 000700 Y
040 000700 N
041 000700 N
042 A000700 0
042 B000700 0
042 C000700 0
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 0
044 000700 0
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.600
048 A010700 0
048 A020700 0.000
048 B010700 0
048 B020700 0.000
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
<PAGE> PAGE 33
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 0
048 K020700 0.000
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 Y
053 B000700 N
053 C000700 N
054 A000700 Y
054 B000700 Y
054 C000700 N
054 D000700 N
054 E000700 N
054 F000700 N
054 G000700 N
054 H000700 Y
054 I000700 N
054 J000700 Y
054 K000700 N
054 L000700 N
054 M000700 Y
054 N000700 N
054 O000700 N
055 A000700 N
055 B000700 N
056 000700 Y
057 000700 N
058 A000700 N
058 B000700 N
058 C000700 N
058 D000700 N
058 E000700 N
059 000700 Y
060 A000700 Y
060 B000700 Y
061 000700 5000
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
<PAGE> PAGE 34
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
063 B000700 0.0
066 A000700 Y
066 B000700 N
066 C000700 N
066 D000700 N
066 E000700 N
066 F000700 Y
066 G000700 N
067 000700 Y
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 Y
070 L010700 Y
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
<PAGE> PAGE 35
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 11100
071 B000700 9628
071 C000700 15587
071 D000700 62
072 A000700 12
072 B000700 417
072 C000700 285
072 D000700 0
072 E000700 0
072 F000700 96
072 G000700 32
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072 J000700 6
072 K000700 0
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072 M000700 1
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072 S000700 23
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072 U000700 0
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072 W000700 16
072 X000700 271
072 Y000700 87
072 Z000700 518
072AA000700 1251
072BB000700 0
072CC010700 1320
072CC020700 0
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072DD020700 0
072EE000700 384
073 A010700 0.4200
073 A020700 0.0000
073 B000700 0.3200
073 C000700 0.0000
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074 B000700 0
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074 D000700 5648
<PAGE> PAGE 36
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074 F000700 11347
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074 L000700 111
074 M000700 0
074 N000700 17556
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074 S000700 0
074 T000700 17455
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075 B000700 15931
076 000700 0.00
SIGNATURE DAVID I. GOLDSTEIN
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION
EXTRACTED FROM FORUM INVESTORS BOND FUND DATED 3/31/96
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
<NUMBER> 030
<NAME> INVESTORS BOND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 24,651,674
<INVESTMENTS-AT-VALUE> 24,762,995
<RECEIVABLES> 283,508
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 25,811,503
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 135,525
<TOTAL-LIABILITIES> 135,525
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,512,304
<SHARES-COMMON-STOCK> 2,515,659
<SHARES-COMMON-PRIOR> 2,680,506
<ACCUMULATED-NII-CURRENT> 16,544
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 35,809
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 111,321
<NET-ASSETS> 25,675,978
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,074,764
<OTHER-INCOME> 0
<EXPENSES-NET> 114,963
<NET-INVESTMENT-INCOME> 1,959,801
<REALIZED-GAINS-CURRENT> 42,127
<APPREC-INCREASE-CURRENT> 497,162
<NET-CHANGE-FROM-OPS> 2,499,090
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,951,033
<DISTRIBUTIONS-OF-GAINS> 11,430
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,032,553
<NUMBER-OF-SHARES-REDEEMED> 6,166,901
<SHARES-REINVESTED> 383,315
<NET-CHANGE-IN-ASSETS> (214,406)
<ACCUMULATED-NII-PRIOR> 2,050,655
<ACCUMULATED-GAINS-PRIOR> 45,903
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 107,061
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 365,217
<AVERAGE-NET-ASSETS> 26,765,259
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .74
<PER-SHARE-GAIN-APPREC> .21
<PER-SHARE-DIVIDEND> .74
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.21
<EXPENSE-RATIO> .43
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM FORUM MAINE MUNICIPAL BOND FUND DATED
3/31/96 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH REPORT.
</LEGEND>
<SERIES>
<NUMBER> 080
<NAME> MAINE BOND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 25,151,855
<INVESTMENTS-AT-VALUE> 25,637,065
<RECEIVABLES> 496,776
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 26,133,841
<PAYABLE-FOR-SECURITIES> 31,492
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 58,482
<TOTAL-LIABILITIES> 89,974
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,626,976
<SHARES-COMMON-STOCK> 2,429,370
<SHARES-COMMON-PRIOR> 2,399,654
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (68,319)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 485,210
<NET-ASSETS> 26,043,867
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,399,481
<OTHER-INCOME> 0
<EXPENSES-NET> 157,243
<NET-INVESTMENT-INCOME> 1,242,238
<REALIZED-GAINS-CURRENT> 71,276
<APPREC-INCREASE-CURRENT> 539,077
<NET-CHANGE-FROM-OPS> 1,852,591
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,242,937
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,875,719
<NUMBER-OF-SHARES-REDEEMED> 4,739,315
<SHARES-REINVESTED> 773,165
<NET-CHANGE-IN-ASSETS> 519,223
<ACCUMULATED-NII-PRIOR> 1,334,004
<ACCUMULATED-GAINS-PRIOR> (139,597)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 105,104
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 387,764
<AVERAGE-NET-ASSETS> 26,276,092
<PER-SHARE-NAV-BEGIN> 10.47
<PER-SHARE-NII> .51
<PER-SHARE-GAIN-APPREC> .25
<PER-SHARE-DIVIDEND> .51
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.72
<EXPENSE-RATIO> .60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM FORUM TAXSAVER BOND FUND DATED 3/31/96
AND IS QUALIFIED IN ITS ENIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
<NUMBER> 050
<NAME> TAXSAVER
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 17,123,631
<INVESTMENTS-AT-VALUE> 17,656,582
<RECEIVABLES> 330,463
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 17,987,045
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 72,240
<TOTAL-LIABILITIES> 72,240
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17,295,866
<SHARES-COMMON-STOCK> 1,694,675
<SHARES-COMMON-PRIOR> 1,660,025
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 85,988
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 532,951
<NET-ASSETS> 17,914,805
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,035,594
<OTHER-INCOME> 0
<EXPENSES-NET> 104,598
<NET-INVESTMENT-INCOME> 930,996
<REALIZED-GAINS-CURRENT> 179,731
<APPREC-INCREASE-CURRENT> 112,851
<NET-CHANGE-FROM-OPS> 1,223,578
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 931,523
<DISTRIBUTIONS-OF-GAINS> 7,448
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,393,277
<NUMBER-OF-SHARES-REDEEMED> 1,030,322
<SHARES-REINVESTED> 249,343
<NET-CHANGE-IN-ASSETS> 1,896,905
<ACCUMULATED-NII-PRIOR> 916,723
<ACCUMULATED-GAINS-PRIOR> (78,499)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 69,544
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 257,237
<AVERAGE-NET-ASSETS> 17,386,030
<PER-SHARE-NAV-BEGIN> 10.39
<PER-SHARE-NII> .57
<PER-SHARE-GAIN-APPREC> .18
<PER-SHARE-DIVIDEND> .57
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.57
<EXPENSE-RATIO> .60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM FORUM DAILY ASSETS TREASURY FUND DATED
3/31/96 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH REPORT.
</LEGEND>
<SERIES>
<NUMBER> 120
<NAME> DAILY ASSETS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 43,296,823
<INVESTMENTS-AT-VALUE> 43,296,823
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 43,296,823
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 193,894
<TOTAL-LIABILITIES> 193,894
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 43,095,716
<SHARES-COMMON-STOCK> 43,095,716
<SHARES-COMMON-PRIOR> 37,980,607
<ACCUMULATED-NII-CURRENT> 19,454
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (12,241)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 43,102,929
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,932,064
<OTHER-INCOME> 223,902
<EXPENSES-NET> 189,889
<NET-INVESTMENT-INCOME> 1,966,077
<REALIZED-GAINS-CURRENT> (12,241)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,953,836
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,967,071
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 83,226,136
<NUMBER-OF-SHARES-REDEEMED> 76,495,529
<SHARES-REINVESTED> 56,702
<NET-CHANGE-IN-ASSETS> 6,774,074
<ACCUMULATED-NII-PRIOR> 1,320,747
<ACCUMULATED-GAINS-PRIOR> 21,288
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 69,466
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 388,318
<AVERAGE-NET-ASSETS> 39,218,726
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .05
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .48
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM PAYSON BALANCED FUND DATED 3/31/96
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
<NUMBER> 070
<NAME> PAYSON BALANCED
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 15,961,662
<INVESTMENTS-AT-VALUE> 17,444,849
<RECEIVABLES> 111,257
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 17,556,106
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 100,629
<TOTAL-LIABILITIES> 100,629
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14,666,213
<SHARES-COMMON-STOCK> 1,274,061
<SHARES-COMMON-PRIOR> 1,215,297
<ACCUMULATED-NII-CURRENT> 189
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,035,888
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,753,187
<NET-ASSETS> 17,455,477
<DIVIDEND-INCOME> 284,779
<INTEREST-INCOME> 416,675
<OTHER-INCOME> 0
<EXPENSES-NET> 183,680
<NET-INVESTMENT-INCOME> 517,774
<REALIZED-GAINS-CURRENT> 1,250,859
<APPREC-INCREASE-CURRENT> 1,319,794
<NET-CHANGE-FROM-OPS> 3,088,427
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 528,066
<DISTRIBUTIONS-OF-GAINS> 384,324
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,431,994
<NUMBER-OF-SHARES-REDEEMED> 1,624,872
<SHARES-REINVESTED> 600,277
<NET-CHANGE-IN-ASSETS> 3,583,436
<ACCUMULATED-NII-PRIOR> 489,040
<ACCUMULATED-GAINS-PRIOR> 169,116
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 95,588
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 270,945
<AVERAGE-NET-ASSETS> 15,931,443
<PER-SHARE-NAV-BEGIN> 11.90
<PER-SHARE-NII> .42
<PER-SHARE-GAIN-APPREC> 2.12
<PER-SHARE-DIVIDEND> .42
<PER-SHARE-DISTRIBUTIONS> .32
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.70
<EXPENSE-RATIO> 1.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS FINANCIAL SUMMARY INFORMATION
EXTRACTED FROM PAYSON VALUE FUND DATED 3/31/96 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
<NUMBER> 100
<NAME> PAYSON VALUE
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 8,315,183
<INVESTMENTS-AT-VALUE> 10,282,048
<RECEIVABLES> 65,585
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 10,347,633
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,154
<TOTAL-LIABILITIES> 28,154
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,507,825
<SHARES-COMMON-STOCK> 645,218
<SHARES-COMMON-PRIOR> 615,318
<ACCUMULATED-NII-CURRENT> 1,815
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 842,974
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,966,865
<NET-ASSETS> 10,319,479
<DIVIDEND-INCOME> 221,616
<INTEREST-INCOME> 39,951
<OTHER-INCOME> 0
<EXPENSES-NET> 130,164
<NET-INVESTMENT-INCOME> 131,403
<REALIZED-GAINS-CURRENT> 903,175
<APPREC-INCREASE-CURRENT> 1,186,194
<NET-CHANGE-FROM-OPS> 2,220,772
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 135,212
<DISTRIBUTIONS-OF-GAINS> 7,338
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,441,076
<NUMBER-OF-SHARES-REDEEMED> 2,260,146
<SHARES-REINVESTED> 100,673
<NET-CHANGE-IN-ASSETS> 2,359,825
<ACCUMULATED-NII-PRIOR> 102,117
<ACCUMULATED-GAINS-PRIOR> 96,089
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 71,662
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 193,185
<AVERAGE-NET-ASSETS> 8,957,749
<PER-SHARE-NAV-BEGIN> 12.71
<PER-SHARE-NII> .21
<PER-SHARE-GAIN-APPREC> 3.29
<PER-SHARE-DIVIDEND> .21
<PER-SHARE-DISTRIBUTIONS> .01
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.99
<EXPENSE-RATIO> 1.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM FORUM NEW HAMPSHIRE BOND FUND DATED 3/31/96
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
<NUMBER> 130
<NAME> NEW HAMPSHIRE BOND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 6,766,647
<INVESTMENTS-AT-VALUE> 6,805,703
<RECEIVABLES> 136,222
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 6,941,925
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 38,477
<TOTAL-LIABILITIES> 38,477
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,885,448
<SHARES-COMMON-STOCK> 668,354
<SHARES-COMMON-PRIOR> 554,400
<ACCUMULATED-NII-CURRENT> 489
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (21,545)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 39,056
<NET-ASSETS> 6,903,448
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 313,078
<OTHER-INCOME> 0
<EXPENSES-NET> 35,728
<NET-INVESTMENT-INCOME> 277,350
<REALIZED-GAINS-CURRENT> 36,867
<APPREC-INCREASE-CURRENT> 76,453
<NET-CHANGE-FROM-OPS> 390,670
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 277,495
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,976,778
<NUMBER-OF-SHARES-REDEEMED> 659,492
<SHARES-REINVESTED> 197,211
<NET-CHANGE-IN-ASSETS> 1,627,672
<ACCUMULATED-NII-PRIOR> 220,607
<ACCUMULATED-GAINS-PRIOR> (58,412)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 23,870
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 134,586
<AVERAGE-NET-ASSETS> 5,967,455
<PER-SHARE-NAV-BEGIN> 10.08
<PER-SHARE-NII> .48
<PER-SHARE-GAIN-APPREC> .25
<PER-SHARE-DIVIDEND> .48
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.33
<EXPENSE-RATIO> .60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
