<PAGE> PAGE 1
000 B000000 12/31/97
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 9734818356
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 JEFFERIES
020 B000001 95-2622900
020 C000001 20
020 A000002 DONALDSON, LUFKIN & JENRETTE
020 B000002 13-2741729
020 C000002 14
020 A000003 INSTINET
020 B000003 13-3443395
020 C000003 12
020 A000004 MERRILL, LYNCH
020 B000004 13-5674085
020 C000004 3
020 A000005 BEAR, STEARNS
020 B000005 13-3299429
020 C000005 2
020 A000006 OPPENHEIMER
020 B000006 13-2798343
020 C000006 2
020 A000007 WILLIAM BLAIR
020 B000007 36-2214610
020 C000007 2
020 A000008 PAINE WEBBER
020 B000008 13-2638166
020 C000008 1
020 A000009 LEHMAN
020 B000009 13-2518466
020 C000009 1
020 A000010 ROBERT BRANDT
<PAGE> PAGE 2
020 B000010 95-2650507
020 C000010 1
021 000000 62
022 A000001 DEAN WITTER
022 B000001 94-1671384
022 C000001 41724
022 D000001 4840
022 A000002 FIRST CHICAGO
022 B000002 36-3595942
022 C000002 21556
022 D000002 4023
022 A000003 MERRILL, LYNCH
022 B000003 13-5674085
022 C000003 18210
022 D000003 1628
022 A000004 LEHMAN
022 B000004 13-2518466
022 C000004 10309
022 D000004 7620
022 A000005 CLARKE
022 B000005 13-2969143
022 C000005 10008
022 D000005 6411
022 A000006 SMITH BARNEY
022 B000006 13-1912900
022 C000006 8944
022 D000006 5822
022 A000007 QUEST FOR VALUE
022 C000007 0
022 D000007 4260
022 A000008 J.P. MORGAN
022 B000008 13-3224016
022 C000008 0
022 D000008 3981
022 A000009 NATIONAL EDUCATION
022 B000009 95-2774428
022 C000009 0
022 D000009 1634
022 A000010 OSHKOSH B GOSH
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028 A010000 135
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028 B010000 362
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<PAGE> PAGE 3
028 B040000 63
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030 C000000 1.00
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032 000000 19
033 000000 18
034 000000 Y
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062 A000000 N
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<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 41175
071 B000000 43498
071 C000000 71525
071 D000000 58
072 A000000 12
072 B000000 736
072 C000000 967
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072 O000000 17
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072 R000000 27
072 S000000 23
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 18
072 X000000 699
072 Y000000 0
072 Z000000 1004
072AA000000 14279
072BB000000 588
072CC010000 6029
072CC020000 0
072DD010000 1044
072DD020000 0
072EE000000 12333
073 A010000 0.2900
073 A020000 0.0000
<PAGE> PAGE 5
073 B000000 3.4100
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 12897
074 D000000 226
074 E000000 398
074 F000000 82814
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 277
074 K000000 0
074 L000000 188
074 M000000 9
074 N000000 96809
074 O000000 2027
074 P000000 128
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 482
074 S000000 0
074 T000000 94172
074 U010000 4143
074 U020000 0
074 V010000 22.73
074 V020000 0.00
074 W000000 0.0000
074 X000000 1754
074 Y000000 0
075 A000000 0
075 B000000 84927
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 5
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, 1997 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-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 70865
<INVESTMENTS-AT-VALUE> 96336
<RECEIVABLES> 464
<ASSETS-OTHER> 9
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 96809
<PAYABLE-FOR-SECURITIES> 2027
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 610
<TOTAL-LIABILITIES> 2637
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 62700
<SHARES-COMMON-STOCK> 4143
<SHARES-COMMON-PRIOR> 3562
<ACCUMULATED-NII-CURRENT> 47
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1811
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 25471
<NET-ASSETS> 94172
<DIVIDEND-INCOME> 967
<INTEREST-INCOME> 736
<OTHER-INCOME> 0
<EXPENSES-NET> 699
<NET-INVESTMENT-INCOME> 1004
<REALIZED-GAINS-CURRENT> 13691
<APPREC-INCREASE-CURRENT> 6029
<NET-CHANGE-FROM-OPS> 20724
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1044
<DISTRIBUTIONS-OF-GAINS> 12333
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 133
<NUMBER-OF-SHARES-REDEEMED> 117
<SHARES-REINVESTED> 564
<NET-CHANGE-IN-ASSETS> 20582
<ACCUMULATED-NII-PRIOR> 87
<ACCUMULATED-GAINS-PRIOR> 452
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 432
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 699
<AVERAGE-NET-ASSETS> 84927
<PER-SHARE-NAV-BEGIN> 20.66
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> 5.49
<PER-SHARE-DIVIDEND> 0.29
<PER-SHARE-DISTRIBUTIONS> 3.41
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 22.73
<EXPENSE-RATIO> 0.82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
