<PAGE> PAGE 1
000 B000000 12/31/96
000 C000000 0000069260
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 MAP-EQUITY FUND
001 B000000 811-2046
001 C000000 2014818356
002 A000000 520 BROAD ST.
002 B000000 NEWARK
002 C000000 NJ
002 D010000 07102
002 D020000 3111
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
020 A000001 DONALDSON, LUFKIN & JENRETTE
020 B000001 13-2741729
020 C000001 16
020 A000002 INSTINET
020 B000002 13-3443395
020 C000002 7
020 A000003 JEFFERIES
020 B000003 95-2622900
020 C000003 7
020 A000004 LIPPER ANALYTICAL
020 B000004 13-2792478
020 C000004 2
020 A000005 BEAR, STEARNS
020 B000005 13-3299429
020 C000005 2
020 A000006 PAINE WEBBER
020 B000006 13-2638166
020 C000006 2
020 A000007 MERRILL, LYNCH
020 B000007 13-5674085
020 C000007 2
020 A000008 RAYMOND JAMES
020 B000008 59-1237041
020 C000008 2
020 A000009 OPPENHEIMER
020 B000009 13-2798343
020 C000009 2
020 A000010 MORGAN STANLEY
<PAGE> PAGE 2
020 B000010 13-2655998
020 C000010 1
021 000000 49
022 A000001 DEAN WITTER
022 B000001 94-1671384
022 C000001 35584
022 D000001 8404
022 A000002 FIRST CHICAGO
022 B000002 36-3595942
022 C000002 17374
022 D000002 10256
022 A000003 SMITH BARNEY
022 B000003 13-1912900
022 C000003 23355
022 D000003 2369
022 A000004 LEHMAN
022 B000004 13-2518466
022 C000004 22805
022 D000004 1487
022 A000005 WOLTERS KLUWER
022 C000005 0
022 D000005 6471
022 A000006 MERRILL, LYNCH
022 B000006 13-5674085
022 C000006 2324
022 D000006 2442
022 A000007 EMERGING TIGERS
022 B000007 22-3281060
022 C000007 0
022 D000007 1191
022 A000008 GLOBAL TOTAL RETURN FUND
022 B000008 13-3352347
022 C000008 0
022 D000008 610
022 A000009 SMITH'S FOOD & DRUG
022 B000009 87-0258768
022 C000009 0
022 D000009 423
022 A000010 DONALDSON, LUFKIN & JENRETTE
022 B000010 13-2741729
022 C000010 290
022 D000010 0
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023 D000000 34897
028 A010000 18
028 A020000 0
028 A030000 0
028 A040000 124
028 B010000 42
028 B020000 686
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<PAGE> PAGE 3
028 B040000 85
028 C010000 40
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028 C040000 142
028 D010000 109
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028 D040000 180
028 E010000 282
028 E020000 8581
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028 F010000 264
028 F020000 515
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028 F040000 191
028 G010000 755
028 G020000 9782
028 G030000 0
028 G040000 852
028 H000000 746
029 000000 Y
030 A000000 23
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 15
033 000000 8
034 000000 Y
035 000000 0
036 A000000 N
036 B000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
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062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
<PAGE> PAGE 4
062 R000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 Y
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
071 A000000 31026
071 B000000 28575
071 C000000 54036
071 D000000 53
072 A000000 12
072 B000000 621
072 C000000 1049
072 D000000 0
072 E000000 0
072 F000000 232
072 G000000 0
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072 I000000 64
072 J000000 74
072 K000000 0
072 L000000 10
072 M000000 6
072 N000000 17
072 O000000 12
072 P000000 0
072 Q000000 0
072 R000000 30
072 S000000 17
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 19
072 X000000 481
072 Y000000 0
072 Z000000 1189
072AA000000 10246
072BB000000 486
072CC010000 3274
072CC020000 0
072DD010000 1178
072DD020000 0
072EE000000 8903
073 A010000 0.3600
073 A020000 0.0000
<PAGE> PAGE 5
073 B000000 2.8600
073 C000000 0.0000
074 A000000 93
074 B000000 0
074 C000000 7606
074 D000000 549
074 E000000 44
074 F000000 65449
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 147
074 M000000 8
074 N000000 73897
074 O000000 183
074 P000000 54
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 69
074 S000000 0
074 T000000 73591
074 U010000 3562
074 U020000 0
074 V010000 20.66
074 V020000 0.00
074 W000000 0.0000
074 X000000 1582
074 Y000000 0
075 A000000 0
075 B000000 65279
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
<PAGE> PAGE 6
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 NATIONAL UNION FIRE INS. CO. OF PITTSBURGH
080 C000000 2000
081 A000000 Y
081 B000000 3
082 A000000 Y
082 B000000 25
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE ALBERT W. LEIER
TITLE V.P. & TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL
REPORT OF MAP-EQUITY FUND DATED DECEMBER 31, 1996 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000069260
<NAME> MAP-EQUITY FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 54207
<INVESTMENTS-AT-VALUE> 73649
<RECEIVABLES> 147
<ASSETS-OTHER> 101
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 73897
<PAYABLE-FOR-SECURITIES> 184
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 123
<TOTAL-LIABILITIES> 307
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 50046
<SHARES-COMMON-STOCK> 3562
<SHARES-COMMON-PRIOR> 3124
<ACCUMULATED-NII-CURRENT> 87
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 452
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 19442
<NET-ASSETS> 73591
<DIVIDEND-INCOME> 1049
<INTEREST-INCOME> 621
<OTHER-INCOME> 0
<EXPENSES-NET> 481
<NET-INVESTMENT-INCOME> 1189
<REALIZED-GAINS-CURRENT> 9760
<APPREC-INCREASE-CURRENT> 3274
<NET-CHANGE-FROM-OPS> 14223
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1178
<DISTRIBUTIONS-OF-GAINS> 8903
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 62
<NUMBER-OF-SHARES-REDEEMED> 102
<SHARES-REINVESTED> 479
<NET-CHANGE-IN-ASSETS> 13123
<ACCUMULATED-NII-PRIOR> 76
<ACCUMULATED-GAINS-PRIOR> (405)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 232
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 481
<AVERAGE-NET-ASSETS> 65279
<PER-SHARE-NAV-BEGIN> 19.36
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> 4.16
<PER-SHARE-DIVIDEND> 0.36
<PER-SHARE-DISTRIBUTIONS> 2.86
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.66
<EXPENSE-RATIO> 0.74
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
