<PAGE> PAGE 1
000 A000000 12/31/95
000 C000000 0000036563
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 FIRST MUTUAL FUNDS
001 B000000 811-879
001 C000000 2127597755
002 A000000 845 THIRD AVENUE, 6TH FLOOR
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10022
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 FIRST MUTUAL FUNDS
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 TRAINER,WORTHAM & CO., INC.
008 B00AA01 A
008 C00AA01 801-37621
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10022
010 A00AA01 FUND/PLAN SERVICES, INC.
010 B00AA01 34910
010 C01AA01 CONSHOHOCKEN
010 C02AA01 PA
010 C03AA01 19428
010 C04AA01 0874
011 A00AA01 FUND/PLAN BROKER SERVICES, INC.
011 B00AA01 8-41540
011 C01AA01 CONSHOHOCKEN
011 C02AA01 PA
011 C03AA01 19428
<PAGE> PAGE 2
011 C04AA01 0874
012 A00AA01 FUND/PLAN SERVICES, INC.
012 B00AA01 84-932
012 C01AA01 CONSHOHOCKEN
012 C02AA01 PA
012 C03AA01 19428
012 C04AA01 0874
013 A00AA01 TAIT, WELLER & BAKER
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19102
013 B04AA01 1707
014 A00AA01 FUND/PLAN BROKER SERVICES, INC.
014 B00AA01 8-41540
015 A00AA01 UMB BANK, N.A.
015 B00AA01 C
015 C01AA01 KANSAS CITY
015 C02AA01 MO
015 C03AA01 64141
015 E01AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 BROADCOURT CAPITAL CORP.
020 B000001 13-3216892
020 C000001 11
020 A000002 REYNDERS, GRAY & CO., INC.
020 B000002 13-2942212
020 C000002 10
020 A000003 GLAZER, C.L. & CO.
020 B000003 22-2370532
020 C000003 3
020 A000004 DAVENPORT & CO.
020 B000004 54-0901611
020 C000004 2
020 A000005 INTERSTATE JOHNSON LANE
020 B000005 56-0276690
020 C000005 2
020 A000006 SCOTT & STRINGFELLOW
020 B000006 54-0957557
020 C000006 1
020 A000007 MERRILL LYNCH
020 B000007 13-5674085
020 C000007 1
020 A000008 BEAR STEARNS & CO.
020 B000008 13-3299429
020 C000008 1
020 A000009 LEHMAN BROTHERS
020 B000009 13-2518466
020 C000009 1
020 A000010 CORRESPONDENT SERVICES
<PAGE> PAGE 3
020 C000010 1
021 000000 35
022 A000001 1) UNITED MISSOURI BANK
022 B000001 44-0201230
022 C000001 3901
022 D000001 1348
022 A000002 2) SOUTHCOAST CAPITAL
022 B000002 72-1164960
022 C000002 1182
022 D000002 284
022 A000003 3) LEHMAN BROTHERS
022 B000003 13-2518466
022 C000003 435
022 D000003 644
022 A000004 4) DONALDSON LUFKIN & JENRETTE
022 B000004 13-2741729
022 C000004 755
022 D000004 265
022 A000005 5) RAYMOND JAMES & ASSOCIATES
022 B000005 59-1237041
022 C000005 979
022 D000005 0
022 A000006 6) OPPENHEIMER & CO.
022 B000006 13-2798343
022 C000006 511
022 D000006 311
022 A000007 7) MERRILL LYNCH
022 B000007 13-5674085
022 C000007 120
022 D000007 690
022 A000008 8) SMITH BARNEY
022 B000008 13-1912900
022 C000008 569
022 D000008 129
022 A000009 9) DILLON, READ & CO.
022 B000009 13-1939216
022 C000009 475
022 D000009 95
022 A000010 10) A.G. EDWARDS
022 B000010 43-0895447
022 C000010 498
022 D000010 0
023 C000000 11572
023 D000000 4333
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<PAGE> PAGE 4
025 D00AA07 0
025 D00AA08 0
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<PAGE> PAGE 5
036 B00AA00 0
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040 00AA00 Y
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048 K01AA00 40000
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050 00AA00 N
051 00AA00 N
052 00AA00 N
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054 C00AA00 N
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<PAGE> PAGE 6
054 E00AA00 N
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<PAGE> PAGE 7
070 A01AA00 Y
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070 D01AA00 N
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070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 N
070 K02AA00 N
070 L01AA00 N
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 Y
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070 P01AA00 N
070 P02AA00 N
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070 R02AA00 N
071 A00AA00 13268
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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084 A00AA00 N
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SIGNATURE MICHELLE WHALEN
TITLE CORP COMPLIANCE ADMN
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000036563
<NAME> FIRST MUTUAL FUNDS
<SERIES>
<NUMBER> 1
<NAME> FIRST MUTUAL FUNDS
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 19,161,341
<INVESTMENTS-AT-VALUE> 25,093,242
<RECEIVABLES> 320,842
<ASSETS-OTHER> 469,172
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 25,883,256
<PAYABLE-FOR-SECURITIES> 572,863
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 229,719
<TOTAL-LIABILITIES> 802,582
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18,188,688
<SHARES-COMMON-STOCK> 2,238,043
<SHARES-COMMON-PRIOR> 2,022,956
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 960,085
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,931,901
<NET-ASSETS> 25,080,674
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<INTEREST-INCOME> 6,398
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<EXPENSES-NET> 207,512
<NET-INVESTMENT-INCOME> (75,477)
<REALIZED-GAINS-CURRENT> 2,332,288
<APPREC-INCREASE-CURRENT> 2,083,676
<NET-CHANGE-FROM-OPS> 4,340,487
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (1,927,263)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 108,430
<NUMBER-OF-SHARES-REDEEMED> (48,202)
<SHARES-REINVESTED> 154,859
<NET-CHANGE-IN-ASSETS> 4,799,296
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-EXPENSE> 207512
<AVERAGE-NET-ASSETS> 22,879,937
<PER-SHARE-NAV-BEGIN> 10.03
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> 2.06
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.92)
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<PER-SHARE-NAV-END> 11.21
<EXPENSE-RATIO> 1.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
