<PAGE> PAGE 1
000 A000000 12/31/98
000 C000000 0000036563
000 D000000 N
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001 C000000 8002574414
002 A000000 845 THIRD AVENUE, 6TH FLOOR
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10022
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007 C030300 N
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007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
011 A00AA01 FIRST DATA DISTRIBUTORS, INC
011 B00AA01 8-45467
011 C01AA01 WESTBOROUGH
011 C02AA01 MA
011 C03AA01 01581
011 C04AA01 0000
012 A00AA01 FIRST DATA INVESTOR SERVICES GROUP, INC.
012 B00AA01 84-1761
012 C01AA01 KING OF PRUSSIA
012 C02AA01 PA
012 C03AA01 19406
012 C04AA01 0903
013 A00AA01 BRIGGS, BUNTING & DOUGHERTY, LLP
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
<PAGE> PAGE 2
013 B03AA01 19103
020 A000001 REYNDERS,GRAY & CO., INC.
020 B000001 13-2942212
020 C000001 7
020 A000002 ALEX BROWN & SONS, INC
020 B000002 52-1319768
020 C000002 6
020 A000003 INTERSTATE/JOHNSON LANE CORP.
020 B000003 56-0276690
020 C000003 5
020 A000004 WILLIAM O'NEILL & CO. INC.
020 B000004 95-2269163
020 C000004 3
020 A000005 LEHMAN BROTHERS INC.
020 B000005 13-2518466
020 C000005 3
020 A000006 DONALDSON, LUFKIN & JENRETTE SEC. CORP.
020 B000006 13-2741729
020 C000006 2
020 A000007 SOUNDVIEW FINANCIAL GROUP, INC.
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020 A000008 WERTHEIM SCHRODER SECURITIES & CO. , INC.
020 B000008 13-2697272
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020 B000009 13-3299429
020 C000009 1
020 A000010 REDWINE & COMPANY
020 C000010 1
021 000000 33
022 A000001 EVERENS SECURITIES, INC.
022 B000001 34-1542819
022 C000001 531
022 D000001 1305
022 A000002 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
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022 C000002 901
022 D000002 827
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000003 13-5674085
022 C000003 979
022 D000003 651
022 A000004 LYNCH JONES & RYAN, INC.
022 B000004 13-3036115
022 C000004 0
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022 A000005 ABNER HERMAN & BROCK, INC. ASSET MGT.
022 B000005 22-2322415
022 C000005 935
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<PAGE> PAGE 3
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022 A000007 HERZON HEINE GEDULD, INC.
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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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SIGNATURE KELLY O'NEILL
TITLE CORP. COMPLIANCE ADM
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<ARTICLE> 6
<CIK> 0000036563
<NAME> TRAINER WORTHAM FIRST MUTUAL FUNDS
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<NAME> FIRST MUTUAL FUND
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</TABLE>
EXHIBIT SUB-ITEM 77C
The Special Meeting of Shareholders of the Trainer, Wortham First
Mutual Funds was held on October 9, 1998 for purposes of considering
and acting upon the matters set forth in the Proxy Statement and
summarized below. A quorum was represented at the Meeting and
the voting results, were required, are also set forth below.
1(a) Shareholders of First Mutual Fund only voted on this
Proposal regarding approval of First Mutual Fund's proposed new
Investment Advisory Agreement with Trainer, Wortham.
First Mutual Fund:
By Proxy In Person Total Percentage
FOR: 2,006,637 + 0 = 2,006,637 99.43%
AGAINST: 8,462 + 0 = 8,462 0.42%
ABSTAIN: 3,059 + 0 = 3,059 0.15%
100.00%
1(b) Shareholders of Total Return Bond Fund only voted on this
Proposal regarding approval of Total Return Bond Fund's proposed new
Investment Advisory Agreement with Trainer, Wortham.
Trainer, Wortham Total Return Bond Fund:
By Proxy In Person Total Percentage
FOR: 1,044,668 + 0 = 1,044,668 100.00%
AGAINST: 0 + 0 = 0 0%
ABSTAIN: 0 + 0 = 0 0%
100.00%
(2) Election of a Board of Trustees:
First Mutual Fund:
By Proxy In Person Total
FOR:
James F. Twaddell 1,890,488 + 0 = 1,890,488
Robert H. Breslin, Jr. 1,890,466 + 0 = 1,890,466
David P. Como 1,890,576 + 0 = 1,890,576
Raymond Eisenberg 1,890,466 + 0 = 1,890,466
David Elias 1,890,488 + 0 = 1,890,488
Robert S. Lazar 1,890,488 + 0 = 1,890,488
Martin S. Levine 1,890,488 + 0 = 1,890,488
Timothy J. O'Hara 1,890,488 + 0 = 1,890,488
By Proxy In Person Total
WITHHOLD
AUTHORITY:
James F. Twaddell 127,670 + 0 = 127,670
Robert H. Breslin, Jr. 127,582 + 0 = 127,582
David P. Como 127,670 + 0 = 127,670
Raymond Eisenberg 127,692 + 0 = 127,692
David Elias 127,670 + 0 = 127,670
Robert S. Lazar 127,670 + 0 = 127,670
Martin S. Levine 127,670 + 0 = 127,670
Timothy J. O'Hara 127,670 + 0 = 127,670
Trainer, Wortham Total Return Bond Fund:
By Proxy In Person Total
FOR:
James F. Twaddell 1,044,668 + 0 = 1,044,668
Robert H. Breslin, Jr. 1,044,668 + 0 = 1,044,668
David P. Como 1,044,668 + 0 = 1,044,668
Raymond Eisenberg 1,044,668 + 0 = 1,044,668
David Elias 1,044,668 + 0 = 1,044,668
Robert S. Lazar 1,044,668 + 0 = 1,044,668
Martin S. Levine 1,044,668 + 0 = 1,044,668
Timothy J. O'Hara 1,044,668 + 0 = 1,044,668
By Proxy In Person Total
WITHHOLD
AUTHORITY:
James F. Twaddell 0 + 0 = 0
Robert H. Breslin, Jr. 0 + 0 = 0
David P. Como 0 + 0 = 0
Raymond Eisenberg 0 + 0 = 0
David Elias 0 + 0 = 0
Robert S. Lazar 0 + 0 = 0
Martin S. Levine 0 + 0 = 0
Timothy J. O'Hara 0 + 0 = 0
