PILOT FUNDS
NSAR-B, 1997-07-15
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<PAGE>      PAGE  1
000 B000000 05/16/97
000 C000000 0000704178
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE PILOT FUNDS
001 B000000 811-3517
001 C000000 8007174568
002 A000000 3435 STELZER ROAD
002 B000000 COLUMBUS
002 C000000 OH
002 D010000 43219
003  000000 N
004  000000 Y
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 14
007 C010100  1
007 C020100 PILOT SHORT-TERM DIVERSIFIED ASSETS FUND
007 C030100 Y
007 C010200  2
007 C020200 PILOT SHORT-TERM U.S. TREASURY FUND
007 C030200 Y
007 C010300  3
007 C020300 PILOT MISSOURI SHORT-TERM TAX EXEMPT FUND
007 C030300 Y
007 C010400  4
007 C020400 PILOT MUNICIPAL BOND FUND
007 C030400 Y
007 C010500  5
007 C020500 PILOT INTERMEDIATE MUNICIPAL BOND FUND
007 C030500 Y
007 C010600  6
007 C020600 PILOT U.S. GOVERNMENT SECURITIES FUND
007 C030600 Y
007 C010700  7
007 C020700 PILOT EQUITY INCOME FUND
007 C030700 Y
007 C010800  8
007 C020800 PILOT INTERNATIONAL EQUITY FUND
007 C030800 Y
007 C010900  9
007 C020900 PILOT SHORT-TERM TAX-EXEMPT DIVERSIFIED FUND
007 C030900 Y
007 C011000 10
007 C021000 PILOT GROWTH AND INCOME FUND
<PAGE>      PAGE  2
007 C031000 Y
007 C011100 11
007 C021100 PILOT INTERMEDIATE U.S. GOVERNMENT SECURITIES
007 C031100 Y
007 C011200 12
007 C021200 PILOT SMALL CAPITALIZATION EQUITY FUND
007 C031200 Y
007 C011300 13
007 C021300 PILOT GROWTH FUND
007 C031300 Y
007 C011400 14
007 C021400 PILOT DIVERSIFIED BOND INCOME FUND
007 C031400 Y
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 BISYS FUND SERVICES LIMITED PARTNERSHIP
010 B00AA01 0000000000
010 C01AA01 COLUMBUS
010 C02AA01 OH
010 C03AA01 43219
011 A00AA01 PILOT FUNDS DISTRIBUTORS
011 B00AA01 8-00000000
011 C01AA01 COLUMBUS
011 C02AA01 OH
011 C03AA01 43219
013 A00AA01 ARTHUR ANDERSEN
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
013 B04AA01 2604
014 A00AA01 BOATMEN'S INVESTMENT SERVICES
014 B00AA01 8-00000000
015 A00AA01 BOATMEN'S BANK
015 B00AA01 C
015 C01AA01 ST. LOUIS
015 C02AA01 MO
015 C03AA01 63012
015 E03AA01 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH
020 C000001    130
020 A000002 MORGAN STANLEY & CO., INC.
020 C000002    111
020 A000003 WARBUG SECURITIES
020 C000003     86
<PAGE>      PAGE  3
020 A000004 SALOMON BROTHERS INC.
020 C000004     57
020 A000005 FIRST BOSTON
020 C000005     54
020 A000006 UBS SECURITIES
020 C000006     50
020 A000007 GOLDMAN, SACHS & CO
020 C000007     47
020 A000008 COWEN & CO
020 C000008     46
020 A000009 MORGAN GRENFELL AND CO
020 C000009     45
020 A000010 KEMPER CLEARING CORP.
020 C000010     43
021  000000     1742
022 A000001 LEHMAN BROTHERS
022 C000001  30580803
022 D000001   4539154
022 A000002 JP MORGAN SECURITIES INC.
022 C000002  19363496
022 D000002   3547539
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 C000003   6343837
022 D000003   3944848
022 A000004 J.M.LUMMIS
022 C000004   1609413
022 D000004     54975
022 A000005 MORGAN STANLEY & CO., INC.
022 C000005    869064
022 D000005    144270
022 A000006 FEDERATED
022 C000006    375574
022 D000006    381664
022 A000007 LASSER MARSHALL
022 C000007    491868
022 D000007         0
022 A000008 BEAR, STEARNS SECURITIES CORP.
022 C000008    156456
022 D000008    329972
022 A000009 SHEARSON LEHMAN, CP
022 C000009    408794
022 D000009     54917
022 A000010 G.X. CLARKE
022 C000010    142671
022 D000010    288385
023 C000000   67678269
023 D000000   14424810
026 A000000 N
026 B000000 N
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026 D000000 Y
<PAGE>      PAGE  4
026 E000000 N
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054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
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077 C000000 Y
077 D000000 N
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077 F000000 N
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077 H000000 N
077 I000000 N
077 J000000 N
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077 L000000 N
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080 A00AA00 FRANK CRYSTAL & COMPANY
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<PAGE>      PAGE  5
083 A00AA00 N
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008 A000101 NATIONS BANK INVESTMENT ADVISOR
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008 D010101 CHARLOTTE
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008 D030101 28225
012 A000101 BISYS FUND SERVICES
012 B000101 84-0000000
012 C010101 COLUMBUS
012 C020101 OH
012 C030101 43219
024  000100 N
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<PAGE>      PAGE  6
031 A000100      0
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050  000100 N
051  000100 N
<PAGE>      PAGE  7
052  000100 N
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060 B000100 Y
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064 A000100 N
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066 A000100 N
067  000100 N
068 A000100 N
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069  000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
<PAGE>      PAGE  8
070 I020100 N
070 J010100 Y
070 J020100 N
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070 K020100 N
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070 N010100 N
070 N020100 N
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070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100         0
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<PAGE>      PAGE  9
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008 A000201 NATIONS BANK INVESTMENT ADVISOR
008 B000201 A
008 C000201 801-000000
008 D010201 CHARLOTTE
008 D020201 NC
008 D030201 28225
012 A000201 BISYS FUND SERVICES
012 B000201 84-0000000
012 C010201 COLUMBUS
<PAGE>      PAGE  10
012 C020201 OH
012 C030201 43219
024  000200 N
025 D000201       0
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<PAGE>      PAGE  11
037  000200 N
038  000200      0
039  000200 N
040  000200 N
041  000200 N
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042 C000200   0
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042 E000200   0
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<PAGE>      PAGE  12
062 A000200 Y
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070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
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<PAGE>      PAGE  13
070 M010200 N
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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039  000300 N
040  000300 N
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
062 G000300   0.0
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070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
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070 H020300 N
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070 I020300 N
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<PAGE>      PAGE  18
070 P010300 N
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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039  000400 N
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041  000400 Y
<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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064 A000400 N
064 B000400 N
066 A000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
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070 K020400 Y
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
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<PAGE>      PAGE  23
070 N020400 N
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070 O020400 N
070 P010400 N
070 P020400 N
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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050  000500 N
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<PAGE>      PAGE  27
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070 H010500 N
070 H020500 N
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<PAGE>      PAGE  28
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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<PAGE>      PAGE  31
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<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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<PAGE>      PAGE  37
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<PAGE>      PAGE  38
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<PAGE>      PAGE  39
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<PAGE>      PAGE  40
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<PAGE>      PAGE  41
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<PAGE>      PAGE  42
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<PAGE>      PAGE  43
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<PAGE>      PAGE  44
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<PAGE>      PAGE  45
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<PAGE>      PAGE  46
039  000900 N
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<PAGE>      PAGE  47
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064 A000900 N
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070 B020900 N
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070 C020900 N
070 D010900 N
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070 F010900 N
070 F020900 N
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070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
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070 K020900 Y
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<PAGE>      PAGE  48
070 N010900 N
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<PAGE>      PAGE  49
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<PAGE>      PAGE  50
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<PAGE>      PAGE  51
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<PAGE>      PAGE  52
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<PAGE>      PAGE  53
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<PAGE>      PAGE  54
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<PAGE>      PAGE  55
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<PAGE>      PAGE  56
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058 A001100 N
059  001100 Y
060 A001100 Y
060 B001100 Y
061  001100     1000
062 A001100 Y
062 B001100   0.0
<PAGE>      PAGE  57
062 C001100   0.0
062 D001100   0.0
062 E001100   0.0
062 F001100   0.0
062 G001100   0.0
062 H001100   0.0
062 I001100   0.0
062 J001100   0.0
062 K001100   0.0
062 L001100   0.0
062 M001100   0.0
062 N001100   0.0
062 O001100   0.0
062 P001100   0.0
062 Q001100   0.0
062 R001100   0.0
063 A001100   0
063 B001100  3.3
064 A001100 N
064 B001100 N
066 A001100 N
067  001100 N
068 A001100 N
068 B001100 N
069  001100 N
070 A011100 Y
070 A021100 N
070 B011100 N
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 N
070 D021100 N
070 E011100 N
070 E021100 N
070 F011100 N
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 Y
070 L011100 Y
070 L021100 N
070 M011100 Y
070 M021100 N
<PAGE>      PAGE  58
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100     41373
071 B001100     38527
071 C001100    226671
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072 D001100        0
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072 F001100      589
072 G001100      185
072 H001100        0
072 I001100       19
072 J001100       11
072 K001100        0
072 L001100       15
072 M001100        6
072 N001100       44
072 O001100        0
072 P001100        0
072 Q001100       20
072 R001100       24
072 S001100       14
072 T001100        2
072 U001100       14
072 V001100        0
072 W001100        7
072 X001100      952
072 Y001100        5
072 Z001100     9007
072AA001100      196
072BB001100        0
072CC011100     1656
072CC021100        0
072DD011100     9080
072DD021100       49
072EE001100     3432
073 A011100   0.3886
073 A021100   0.3722
073 B001100   0.1483
073 C001100   0.0000
<PAGE>      PAGE  59
074 A001100        0
074 B001100        0
074 C001100        0
074 D001100        0
074 E001100        0
074 F001100        0
074 G001100        0
074 H001100        0
074 I001100        0
074 J001100        0
074 K001100        0
074 L001100        0
074 M001100        0
074 N001100        0
074 O001100        0
074 P001100        0
074 Q001100        0
074 R011100        0
074 R021100        0
074 R031100        0
074 R041100        0
074 S001100        0
074 T001100        0
074 U011100        0
074 U021100        0
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074 V021100     0.00
074 W001100   0.0000
074 X001100        0
074 Y001100        0
075 A001100        0
075 B001100   238042
076  001100     0.00
008 A001201 BOATMEN'S TRUST COMPANY
008 B001201 A
008 C001201 801-000000
008 D011201 ST LOUIS
008 D021201 MO
008 D031201 63178
008 D041201 4737
012 A001201 BISYS FUND SERVICES
012 B001201 84-0000000
012 C011201 COLUMBUS
012 C021201 OH
012 C031201 43219
012 C041201 8000
012 A001202 DELETE
024  001200 N
025 D001201       0
025 D001202       0
025 D001203       0
<PAGE>      PAGE  60
025 D001204       0
025 D001205       0
025 D001206       0
025 D001207       0
025 D001208       0
028 A011200      3560
028 A021200         3
028 A031200         0
028 A041200      2330
028 B011200      3852
028 B021200         7
028 B031200         0
028 B041200      3104
028 C011200      2146
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028 C031200         0
028 C041200      4013
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028 D021200         0
028 D031200         0
028 D041200         0
028 E011200         0
028 E021200         0
028 E031200         0
028 E041200         0
028 F011200         0
028 F021200         0
028 F031200         0
028 F041200         0
028 G011200      9558
028 G021200        10
028 G031200         0
028 G041200      9447
028 H001200       272
029  001200 Y
030 A001200     12
030 B001200  4.50
030 C001200  0.00
031 A001200      3
031 B001200      0
032  001200      9
033  001200      0
034  001200 Y
035  001200     26
036 A001200 N
036 B001200      0
037  001200 N
038  001200      0
039  001200 N
040  001200 Y
041  001200 Y
<PAGE>      PAGE  61
042 A001200   0
042 B001200   0
042 C001200   0
042 D001200 100
042 E001200   0
042 F001200   0
042 G001200   0
042 H001200   0
043  001200     23
044  001200      0
045  001200 Y
046  001200 N
047  001200 Y
048  001200  1.000
048 A011200        0
048 A021200 0.000
048 B011200        0
048 B021200 0.000
048 C011200        0
048 C021200 0.000
048 D011200        0
048 D021200 0.000
048 E011200        0
048 E021200 0.000
048 F011200        0
048 F021200 0.000
048 G011200        0
048 G021200 0.000
048 H011200        0
048 H021200 0.000
048 I011200        0
048 I021200 0.000
048 J011200        0
048 J021200 0.000
048 K011200        0
048 K021200 0.000
049  001200 N
050  001200 N
051  001200 N
052  001200 N
053 A001200 Y
053 B001200 Y
053 C001200 N
058 A001200 N
059  001200 Y
060 A001200 Y
060 B001200 Y
061  001200     1000
062 A001200 N
062 B001200   0.0
062 C001200   0.0
<PAGE>      PAGE  62
062 D001200   0.0
062 E001200   0.0
062 F001200   0.0
062 G001200   0.0
062 H001200   0.0
062 I001200   0.0
062 J001200   0.0
062 K001200   0.0
062 L001200   0.0
062 M001200   0.0
062 N001200   0.0
062 O001200   0.0
062 P001200   0.0
062 Q001200   0.0
062 R001200   0.0
063 A001200   0
063 B001200  0.0
066 A001200 Y
066 B001200 N
066 C001200 N
066 D001200 N
066 E001200 N
066 F001200 Y
066 G001200 N
067  001200 N
068 A001200 N
068 B001200 N
069  001200 N
070 A011200 Y
070 A021200 Y
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 Y
<PAGE>      PAGE  63
070 L021200 N
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200     82869
071 B001200     43729
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072 H001200        0
072 I001200       55
072 J001200       10
072 K001200        0
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072 M001200        3
072 N001200       59
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072 P001200        0
072 Q001200        8
072 R001200       29
072 S001200        2
072 T001200       23
072 U001200        3
072 V001200        0
072 W001200        6
072 X001200     1032
072 Y001200      312
072 Z001200      364
072AA001200        0
072BB001200     1682
072CC011200    13621
072CC021200        0
072DD011200      371
072DD021200        8
072EE001200      379
073 A011200   0.0429
<PAGE>      PAGE  64
073 A021200   0.0297
073 B001200   0.0454
073 C001200   0.0000
074 A001200      448
074 B001200     4923
074 C001200        0
074 D001200      688
074 E001200        0
074 F001200   112867
074 G001200        0
074 H001200        0
074 I001200        0
074 J001200        0
074 K001200        0
074 L001200      106
074 M001200        0
074 N001200   119032
074 O001200      446
074 P001200        0
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200        0
074 R041200     2803
074 S001200        0
074 T001200   115783
074 U011200     9591
074 U021200      307
074 V011200    12.07
074 V021200    12.05
074 W001200   0.0000
074 X001200      952
074 Y001200        0
075 A001200        0
075 B001200   100111
076  001200     0.00
008 A001301 NATIONS BANK INVESTMENT ADVISOR
008 B001301 A
008 C001301 801-00000
008 D011301 CHARLOTTE
008 D021301 NC
008 D031301 28225
012 A001301 BISYS FUND SERVICES, INC.
012 B001301 84-0000000
012 C011301 COLUMBUS
012 C021301 OH
012 C031301 43219
012 C041301 8000
024  001300 N
028 A011300      1272
028 A021300        19
<PAGE>      PAGE  65
028 A031300         0
028 A041300      2642
028 B011300      1108
028 B021300         7
028 B031300         0
028 B041300      3206
028 C011300       242
028 C021300        94
028 C031300         0
028 C041300     41573
028 D011300         0
028 D021300         0
028 D031300         0
028 D041300         0
028 E011300         0
028 E021300         0
028 E031300         0
028 E041300         0
028 F011300         0
028 F021300         0
028 F031300         0
028 F041300         0
028 G011300      2622
028 G021300       120
028 G031300         0
028 G041300     47421
028 H001300        53
029  001300 Y
030 A001300      2
030 B001300  4.50
030 C001300  0.00
031 A001300      2
031 B001300      0
032  001300      0
033  001300      0
034  001300 Y
035  001300      5
036 A001300 N
036 B001300      0
037  001300 N
038  001300      0
039  001300 N
040  001300 Y
041  001300 Y
042 A001300   0
042 B001300   0
042 C001300   0
042 D001300 100
042 E001300   0
042 F001300   0
042 G001300   0
<PAGE>      PAGE  66
042 H001300   0
043  001300      1
044  001300      0
045  001300 Y
046  001300 N
047  001300 Y
048  001300  0.750
048 A011300        0
048 A021300 0.000
048 B011300        0
048 B021300 0.000
048 C011300        0
048 C021300 0.000
048 D011300        0
048 D021300 0.000
048 E011300        0
048 E021300 0.000
048 F011300        0
048 F021300 0.000
048 G011300        0
048 G021300 0.000
048 H011300        0
048 H021300 0.000
048 I011300        0
048 I021300 0.000
048 J011300        0
048 J021300 0.000
048 K011300        0
048 K021300 0.000
049  001300 N
050  001300 N
051  001300 N
052  001300 N
053 A001300 Y
053 B001300 Y
053 C001300 N
058 A001300 N
059  001300 Y
060 A001300 Y
060 B001300 Y
061  001300     1000
062 A001300 N
062 B001300   0.0
062 C001300   0.0
062 D001300   0.0
062 E001300   0.0
062 F001300   0.0
062 G001300   0.0
062 H001300   0.0
062 I001300   0.0
062 J001300   0.0
<PAGE>      PAGE  67
062 K001300   0.0
062 L001300   0.0
062 M001300   0.0
062 N001300   0.0
062 O001300   0.0
062 P001300   0.0
062 Q001300   0.0
062 R001300   0.0
066 A001300 Y
066 B001300 N
066 C001300 N
066 D001300 Y
066 E001300 N
066 F001300 N
066 G001300 N
067  001300 N
068 A001300 N
068 B001300 N
069  001300 N
070 A011300 Y
070 A021300 Y
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 N
070 E021300 N
070 F011300 Y
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 N
070 L011300 Y
070 L021300 N
070 M011300 Y
070 M021300 N
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 N
070 P021300 N
<PAGE>      PAGE  68
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300     64388
071 B001300     19488
071 C001300     50274
071 D001300   39
072 A001300  8
072 B001300        0
072 C001300      323
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072 H001300        0
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072 J001300        6
072 K001300        0
072 L001300        8
072 M001300        4
072 N001300       67
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072 P001300        0
072 Q001300        4
072 R001300       24
072 S001300        3
072 T001300        2
072 U001300        0
072 V001300        0
072 W001300        5
072 X001300      410
072 Y001300       89
072 Z001300        2
072AA001300    13499
072BB001300        0
072CC011300     7638
072CC021300        0
072DD011300       73
072DD021300        0
072EE001300    13514
073 A011300   0.0150
073 A021300   0.0000
073 B001300   3.3097
073 C001300   0.0000
074 A001300        0
074 B001300        0
074 C001300        0
074 D001300        0
074 E001300        0
074 F001300        0
<PAGE>      PAGE  69
074 G001300        0
074 H001300        0
074 I001300        0
074 J001300        0
074 K001300        0
074 L001300        0
074 M001300        0
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074 O001300        0
074 P001300        0
074 Q001300        0
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074 T001300        0
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074 W001300   0.0000
074 X001300        0
074 Y001300        0
075 A001300        0
075 B001300    52184
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008 A001401 NATIONS BANK INVESTMENT ADVISOR
008 B001401 A
008 C001401 801-00000
008 D011401 CHARLOTTE
008 D021401 NC
008 D031401 28225
012 A001401 BISYS FUND SERVICES, INC.
012 B001401 84-0000000
012 C011401 PITTSBURGH
012 C021401 PA
012 C031401 15222
024  001400 N
025 A001401 DELETE
025 D001401       0
025 D001402       0
025 D001403       0
025 D001404       0
025 D001405       0
025 D001406       0
025 D001407       0
025 D001408       0
028 A011400      2122
028 A021400       400
028 A031400         0
<PAGE>      PAGE  70
028 A041400      4732
028 B011400      1677
028 B021400       426
028 B031400         0
028 B041400      7971
028 C011400       938
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028 C031400         0
028 C041400    100976
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028 G011400      4737
028 G021400      1224
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028 G041400    113679
028 H001400         5
029  001400 Y
030 A001400      1
030 B001400  4.00
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031 B001400      0
032  001400      1
033  001400      0
034  001400 Y
035  001400     12
036 A001400 N
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037  001400 N
038  001400      0
039  001400 N
040  001400 Y
041  001400 Y
042 A001400   0
042 B001400   0
042 C001400   0
042 D001400 100
042 E001400   0
042 F001400   0
042 G001400   0
042 H001400   0
<PAGE>      PAGE  71
043  001400      2
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045  001400 Y
046  001400 N
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048 H021400 0.000
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048 I021400 0.000
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048 J021400 0.000
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048 K021400 0.000
049  001400 N
050  001400 N
051  001400 N
052  001400 N
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053 C001400 N
058 A001400 N
059  001400 Y
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<PAGE>      PAGE  72
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063 A001400   0
063 B001400  0.0
066 A001400 Y
066 B001400 N
066 C001400 N
066 D001400 N
066 E001400 N
066 F001400 Y
066 G001400 N
067  001400 N
068 A001400 N
068 B001400 N
069  001400 N
070 A011400 Y
070 A021400 N
070 B011400 Y
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 Y
070 D021400 N
070 E011400 N
070 E021400 N
070 F011400 Y
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 Y
070 L021400 N
070 M011400 Y
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 Y
070 O021400 N
070 P011400 N
<PAGE>      PAGE  73
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
071 A001400    115270
071 B001400    132659
071 C001400    109482
071 D001400  105
072 A001400  8
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072 D001400        0
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072 R001400       24
072 S001400        7
072 T001400        5
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072 V001400        0
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072 X001400      528
072 Y001400       55
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073 A021400   0.0000
073 B001400   0.0299
073 C001400   0.0000
074 A001400        0
074 B001400        0
074 C001400        0
074 D001400        0
074 E001400        0
<PAGE>      PAGE  74
074 F001400        0
074 G001400        0
074 H001400        0
074 I001400        0
074 J001400        0
074 K001400        0
074 L001400        0
074 M001400        0
074 N001400        0
074 O001400        0
074 P001400        0
074 Q001400        0
074 R011400        0
074 R021400        0
074 R031400        0
074 R041400        0
074 S001400        0
074 T001400        0
074 U011400        0
074 U021400        0
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074 V021400     0.00
074 W001400   0.0000
074 X001400        0
074 Y001400        0
075 A001400        0
075 B001400   118858
076  001400     0.00
042 A001700   0
042 B001700   0
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042 F001700   0
042 G001700   0
042 H001700   0
043  001700      0
044  001700      0
SIGNATURE   LISA TOMICH                                  
TITLE       SUPERVISOR          
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 1
   <NAME> PILOT SHORT-TERM DIVERSIFIED ASSETS FUND
       
<S>                             <C>
<PERIOD-TYPE>                   10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0<F1>
<SHARES-COMMON-PRIOR>                                0<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                1854721049
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             73605727
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 5276766
<NET-INVESTMENT-INCOME>                       68328961
<REALIZED-GAINS-CURRENT>                      (392497)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                         67936464
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      8704115<F1>
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     4842896075
<NUMBER-OF-SHARES-REDEEMED>                 4607889196
<SHARES-REINVESTED>                           10752616
<NET-CHANGE-IN-ASSETS>                       245759494
<ACCUMULATED-NII-PRIOR>                         276000
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      142370
<GROSS-ADVISORY-FEES>                          1720440
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                3776552
<AVERAGE-NET-ASSETS>                        1574035973<F1>
<PER-SHARE-NAV-BEGIN>                             1.00<F1>
<PER-SHARE-NII>                                   .036<F1>
<PER-SHARE-GAIN-APPREC>                              0<F1>
<PER-SHARE-DIVIDEND>                              .036<F1>
<PER-SHARE-DISTRIBUTIONS>                            0<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                               1.00<F1>
<EXPENSE-RATIO>                                    .34<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class A Shares
</FN>
- -        



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 1
   <NAME> PILOT SHORT-TERM DIVERSIFIED ASSETS FUND
       
<S>                             <C>
<PERIOD-TYPE>                   10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0<F2>
<SHARES-COMMON-PRIOR>                                0<F2>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                1854721049
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             73605727
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 5276766
<NET-INVESTMENT-INCOME>                       68328961
<REALIZED-GAINS-CURRENT>                      (392497)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                         67936464
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     57272203<F2>
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     4842896075
<NUMBER-OF-SHARES-REDEEMED>                 4607889196
<SHARES-REINVESTED>                           10752616
<NET-CHANGE-IN-ASSETS>                       245759494
<ACCUMULATED-NII-PRIOR>                         276000
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      142370
<GROSS-ADVISORY-FEES>                          1720440
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                3776552
<AVERAGE-NET-ASSETS>                          76004400<F2>
<PER-SHARE-NAV-BEGIN>                             1.00<F2>
<PER-SHARE-NII>                                   .033<F2>
<PER-SHARE-GAIN-APPREC>                              0<F2>
<PER-SHARE-DIVIDEND>                              .033<F2>
<PER-SHARE-DISTRIBUTIONS>                            0<F2>
<RETURNS-OF-CAPITAL>                                 0<F2>
<PER-SHARE-NAV-END>                               1.00<F2>
<EXPENSE-RATIO>                                    .84<F2>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F2>Class B Shares
</FN>
- -        



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 1
   <NAME> PILOT SHORT-TERM DIVERSIFIED ASSETS FUND
       
<S>                             <C>
<PERIOD-TYPE>                   10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0<F2>
<SHARES-COMMON-PRIOR>                                0<F2>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                1854721049
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             73605727
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 5276766
<NET-INVESTMENT-INCOME>                       68328961
<REALIZED-GAINS-CURRENT>                      (392497)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                         67936464
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      2493676<F3>
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     4842896075
<NUMBER-OF-SHARES-REDEEMED>                 4607889196
<SHARES-REINVESTED>                           10752616
<NET-CHANGE-IN-ASSETS>                       245759494
<ACCUMULATED-NII-PRIOR>                         276000
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      142370
<GROSS-ADVISORY-FEES>                          1720440
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                3776552
<AVERAGE-NET-ASSETS>                          76004400<F3>
<PER-SHARE-NAV-BEGIN>                             1.00<F3>
<PER-SHARE-NII>                                   .035<F3>
<PER-SHARE-GAIN-APPREC>                              0<F3>
<PER-SHARE-DIVIDEND>                              .035<F3>
<PER-SHARE-DISTRIBUTIONS>                            0<F3>
<RETURNS-OF-CAPITAL>                                 0<F3>
<PER-SHARE-NAV-END>                               1.00<F3>
<EXPENSE-RATIO>                                    .59<F3>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F3>Class C Shares
</FN>
- -        



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 2
   <NAME> SHORT-TERM U.S. TREASURY FUND
       
<S>                             <C>
<PERIOD-TYPE>                 10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0<F1>
<SHARES-COMMON-PRIOR>                                0<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0 
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                1619653674
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             63201118
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 5221359
<NET-INVESTMENT-INCOME>                       57979759
<REALIZED-GAINS-CURRENT>                       (12065)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                         57982816
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     44531945<F1>
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     5855183159
<NUMBER-OF-SHARES-REDEEMED>                 5940706113
<SHARES-REINVESTED>                           13284645
<NET-CHANGE-IN-ASSETS>                        72253431
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                          87358
<OVERDIST-NET-GAINS-PRIOR>                      131047
<GROSS-ADVISORY-FEES>                          1267621
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                5221359
<AVERAGE-NET-ASSETS>                        1273606450<F1>
<PER-SHARE-NAV-BEGIN>                             1.00<F1>
<PER-SHARE-NII>                                   .035<F1>
<PER-SHARE-GAIN-APPREC>                              0<F1>
<PER-SHARE-DIVIDEND>                                 0<F1>
<PER-SHARE-DISTRIBUTIONS>                         .035<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                               1.00<F1>
<EXPENSE-RATIO>                                    .34<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class A Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 2
   <NAME> SHORT-TERM U.S. TREASURY FUND
       
<S>                             <C>
<PERIOD-TYPE>                 10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0<F1>
<SHARES-COMMON-PRIOR>                                0<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0 
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                1619653674
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             63201118
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 5221359
<NET-INVESTMENT-INCOME>                       57979759
<REALIZED-GAINS-CURRENT>                       (12065)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                         57982816
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      7787599<F2>
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     5855183159
<NUMBER-OF-SHARES-REDEEMED>                 5940706113
<SHARES-REINVESTED>                           13284645
<NET-CHANGE-IN-ASSETS>                        72253431
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                          87358
<OVERDIST-NET-GAINS-PRIOR>                      131047
<GROSS-ADVISORY-FEES>                          1267621
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                5221359
<AVERAGE-NET-ASSETS>                         234579311<F2>
<PER-SHARE-NAV-BEGIN>                             1.00<F2>
<PER-SHARE-NII>                                   .033<F2>
<PER-SHARE-GAIN-APPREC>                              0<F2>
<PER-SHARE-DIVIDEND>                                 0<F2>
<PER-SHARE-DISTRIBUTIONS>                         .033<F2>
<RETURNS-OF-CAPITAL>                                 0<F2>
<PER-SHARE-NAV-END>                               1.00<F2>
<EXPENSE-RATIO>                                    .60<F2>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class B Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 2
   <NAME> SHORT-TERM U.S. TREASURY FUND
       
<S>                             <C>
<PERIOD-TYPE>                 10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0 
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                1619653674
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             63201118
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 5221359
<NET-INVESTMENT-INCOME>                       57979759
<REALIZED-GAINS-CURRENT>                       (12065)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                         57982816
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      5663272<F3>
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     5855183159
<NUMBER-OF-SHARES-REDEEMED>                 5940706113
<SHARES-REINVESTED>                           13284645
<NET-CHANGE-IN-ASSETS>                        72253431
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                          87358
<OVERDIST-NET-GAINS-PRIOR>                      131047
<GROSS-ADVISORY-FEES>                          1267621
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                5221359
<AVERAGE-NET-ASSETS>                         180146114<F3>
<PER-SHARE-NAV-BEGIN>                             1.00<F3>
<PER-SHARE-NII>                                   .031<F3>
<PER-SHARE-GAIN-APPREC>                              0<F3>
<PER-SHARE-DIVIDEND>                                 0<F3>
<PER-SHARE-DISTRIBUTIONS>                         .031<F3>
<RETURNS-OF-CAPITAL>                                 0<F3>
<PER-SHARE-NAV-END>                               1.00<F3>
<EXPENSE-RATIO>                                    .85<F3>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class B Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 3
   <NAME> MISSOURI SHORT-TERM TAX-EXEMPT FUND
       
<S>                             <C>
<PERIOD-TYPE>                  10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0  
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              5408943
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  704256
<NET-INVESTMENT-INCOME>                        4704686
<REALIZED-GAINS-CURRENT>                           628
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          4705314
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      4264122<F1>
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      270014188
<NUMBER-OF-SHARES-REDEEMED>                  260067415
<SHARES-REINVESTED>                             734840
<NET-CHANGE-IN-ASSETS>                        10681612
<ACCUMULATED-NII-PRIOR>                         201785
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                       15008
<GROSS-ADVISORY-FEES>                           211201
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 485103
<AVERAGE-NET-ASSETS>                         188919495<F1>
<PER-SHARE-NAV-BEGIN>                             1.00<F1>
<PER-SHARE-NII>                                   .022<F1>
<PER-SHARE-GAIN-APPREC>                              0<F1>
<PER-SHARE-DIVIDEND>                                 0<F1>
<PER-SHARE-DISTRIBUTIONS>                         .022<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                               1.00<F1>
<EXPENSE-RATIO>                                    .41<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class A Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 3
   <NAME> MISSOURI SHORT-TERM TAX-EXEMPT FUND
       
<S>                             <C>
<PERIOD-TYPE>                  10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0  
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              5408943
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  704256
<NET-INVESTMENT-INCOME>                        4704686
<REALIZED-GAINS-CURRENT>                           628
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          4705314
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       244614<F2>
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      270014188
<NUMBER-OF-SHARES-REDEEMED>                  260067415
<SHARES-REINVESTED>                             734840
<NET-CHANGE-IN-ASSETS>                        10681612
<ACCUMULATED-NII-PRIOR>                         201785
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                       15008
<GROSS-ADVISORY-FEES>                           211201
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 485103
<AVERAGE-NET-ASSETS>                          11815511<F2>
<PER-SHARE-NAV-BEGIN>                             1.00<F2>
<PER-SHARE-NII>                                   .021<F2>
<PER-SHARE-GAIN-APPREC>                              0<F2>
<PER-SHARE-DIVIDEND>                                 0<F2>
<PER-SHARE-DISTRIBUTIONS>                         .021<F2>
<RETURNS-OF-CAPITAL>                                 0<F2>
<PER-SHARE-NAV-END>                               1.00<F2>
<EXPENSE-RATIO>                                    .66<F2>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class A Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 3
   <NAME> MISSOURI SHORT-TERM TAX-EXEMPT FUND
       
<S>                             <C>
<PERIOD-TYPE>                  10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0  
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              5408943
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  704256
<NET-INVESTMENT-INCOME>                        4704686
<REALIZED-GAINS-CURRENT>                           628
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          4705314
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       293490<F3>
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      270014188
<NUMBER-OF-SHARES-REDEEMED>                  260067415
<SHARES-REINVESTED>                             734840
<NET-CHANGE-IN-ASSETS>                        10681612
<ACCUMULATED-NII-PRIOR>                         201785
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                       15008
<GROSS-ADVISORY-FEES>                           211201
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 485103
<AVERAGE-NET-ASSETS>                          15252950<F3>
<PER-SHARE-NAV-BEGIN>                             1.00<F3>
<PER-SHARE-NII>                                   .019<F3>
<PER-SHARE-GAIN-APPREC>                              0<F3>
<PER-SHARE-DIVIDEND>                                 0<F3>
<PER-SHARE-DISTRIBUTIONS>                         .019<F3>
<RETURNS-OF-CAPITAL>                                 0<F3>
<PER-SHARE-NAV-END>                               1.00<F3>
<EXPENSE-RATIO>                                    .91<F3>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F3>Class C Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 04
   <NAME> PILOT MUNICIPAL BOND FUND
       
<S>                             <C>
<PERIOD-TYPE>                   10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              8120764
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  956044
<NET-INVESTMENT-INCOME>                        7164720
<REALIZED-GAINS-CURRENT>                        652126
<APPREC-INCREASE-CURRENT>                      2379275
<NET-CHANGE-FROM-OPS>                         10196122
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      7104823<F1>
<DISTRIBUTIONS-OF-GAINS>                       1468506<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                       25129117<F1>
<NUMBER-OF-SHARES-REDEEMED>                   16223425<F1>
<SHARES-REINVESTED>                             242499<F1>
<NET-CHANGE-IN-ASSETS>                         9148191
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      1352944
<OVERDISTRIB-NII-PRIOR>                         151486
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           525664
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 752693
<AVERAGE-NET-ASSETS>                         196027171<F1>
<PER-SHARE-NAV-BEGIN>                            10.68<F1>
<PER-SHARE-NII>                                    .39<F1>
<PER-SHARE-GAIN-APPREC>                            .16<F1>
<PER-SHARE-DIVIDEND>                               .39<F1>
<PER-SHARE-DISTRIBUTIONS>                          .08<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                              10.76<F1>
<EXPENSE-RATIO>                                    .66<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class A Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 04
   <NAME> PILOT MUNICIPAL BOND FUND
       
<S>                             <C>
<PERIOD-TYPE>                   10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              8120764
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  956044
<NET-INVESTMENT-INCOME>                        7164720
<REALIZED-GAINS-CURRENT>                        652126
<APPREC-INCREASE-CURRENT>                      2379275
<NET-CHANGE-FROM-OPS>                         10196122
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        65036<F2>
<DISTRIBUTIONS-OF-GAINS>                         15341<F2>
<DISTRIBUTIONS-OTHER>                                0<F2>
<NUMBER-OF-SHARES-SOLD>                       25129117
<NUMBER-OF-SHARES-REDEEMED>                   16223425
<SHARES-REINVESTED>                             242499
<NET-CHANGE-IN-ASSETS>                         9148191
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      1352944
<OVERDISTRIB-NII-PRIOR>                         151486
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           525664
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 752693
<AVERAGE-NET-ASSETS>                           1891222<F2>
<PER-SHARE-NAV-BEGIN>                            10.68<F2>
<PER-SHARE-NII>                                    .37<F2>
<PER-SHARE-GAIN-APPREC>                            .16<F2>
<PER-SHARE-DIVIDEND>                               .37<F2>
<PER-SHARE-DISTRIBUTIONS>                          .08<F2>
<RETURNS-OF-CAPITAL>                                 0<F2>
<PER-SHARE-NAV-END>                              10.76<F2>
<EXPENSE-RATIO>                                    .91<F2>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F2>Class B Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 04
   <NAME> PILOT MUNICIPAL BOND FUND
       
<S>                             <C>
<PERIOD-TYPE>                   10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              8120764
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  956044
<NET-INVESTMENT-INCOME>                        7164720
<REALIZED-GAINS-CURRENT>                        652126
<APPREC-INCREASE-CURRENT>                      2379275
<NET-CHANGE-FROM-OPS>                         10196122
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        43324<F3>
<DISTRIBUTIONS-OF-GAINS>                         11569<F3>
<DISTRIBUTIONS-OTHER>                                0<F3>
<NUMBER-OF-SHARES-SOLD>                       25129117
<NUMBER-OF-SHARES-REDEEMED>                   16223425
<SHARES-REINVESTED>                             242499
<NET-CHANGE-IN-ASSETS>                         9148191
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      1352944
<OVERDISTRIB-NII-PRIOR>                         151486
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           525664
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 752693
<AVERAGE-NET-ASSETS>                           1489845<F3>
<PER-SHARE-NAV-BEGIN>                            10.62<F3>
<PER-SHARE-NII>                                    .31<F3>
<PER-SHARE-GAIN-APPREC>                            .16<F3>
<PER-SHARE-DIVIDEND>                               .31<F3>
<PER-SHARE-DISTRIBUTIONS>                          .08<F3>
<RETURNS-OF-CAPITAL>                                 0<F3>
<PER-SHARE-NAV-END>                              10.70<F3>
<EXPENSE-RATIO>                                   1.66<F3>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F3>Class C Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 050
   <NAME> PILOT INTERMEDIATE MUNICIPAL BOND FUND
       
<S>                             <C>
<PERIOD-TYPE>                  10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0 
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              8012946
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  962883
<NET-INVESTMENT-INCOME>                        7050063
<REALIZED-GAINS-CURRENT>                        404118
<APPREC-INCREASE-CURRENT>                       247417
<NET-CHANGE-FROM-OPS>                          7561455
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      7080353<F1>
<DISTRIBUTIONS-OF-GAINS>                        873682<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                       29954426
<NUMBER-OF-SHARES-REDEEMED>                   30473718
<SHARES-REINVESTED>                             265944
<NET-CHANGE-IN-ASSETS>                        (538349)
<ACCUMULATED-NII-PRIOR>                          22150
<ACCUMULATED-GAINS-PRIOR>                       501429
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           619723
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 962883
<AVERAGE-NET-ASSETS>                         218258305<F1>
<PER-SHARE-NAV-BEGIN>                            10.34<F1>
<PER-SHARE-NII>                                    .34<F1>
<PER-SHARE-GAIN-APPREC>                            .03<F1>
<PER-SHARE-DIVIDEND>                               .34<F1>
<PER-SHARE-DISTRIBUTIONS>                          .04<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                              10.33<F1>
<EXPENSE-RATIO>                                    .62<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class A Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 050
   <NAME> PILOT INTERMEDIATE MUNICIPAL BOND FUND
       
<S>                             <C>
<PERIOD-TYPE>                  10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0 
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              8012946
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  962883
<NET-INVESTMENT-INCOME>                        7050063
<REALIZED-GAINS-CURRENT>                        404118
<APPREC-INCREASE-CURRENT>                       247417
<NET-CHANGE-FROM-OPS>                          7561455
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        28566<F2>
<DISTRIBUTIONS-OF-GAINS>                          3977<F2>
<DISTRIBUTIONS-OTHER>                                0<F2>
<NUMBER-OF-SHARES-SOLD>                       29954426
<NUMBER-OF-SHARES-REDEEMED>                   30473718
<SHARES-REINVESTED>                             265944
<NET-CHANGE-IN-ASSETS>                        (538349)
<ACCUMULATED-NII-PRIOR>                          22150
<ACCUMULATED-GAINS-PRIOR>                       501429
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           619723
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 962883
<AVERAGE-NET-ASSETS>                            929733<F2>
<PER-SHARE-NAV-BEGIN>                            10.34<F2>
<PER-SHARE-NII>                                    .33<F2>
<PER-SHARE-GAIN-APPREC>                            .03<F2>
<PER-SHARE-DIVIDEND>                               .33<F2>
<PER-SHARE-DISTRIBUTIONS>                          .04<F2>
<RETURNS-OF-CAPITAL>                                 0<F2>
<PER-SHARE-NAV-END>                              10.33<F2>
<EXPENSE-RATIO>                                    .62<F2>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F2>Class B Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 060
   <NAME> PILOT U.S. GOVERNMENT SECURITIES FUND
       
<S>                             <C>
<PERIOD-TYPE>                  10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                        104378315
<INVESTMENTS-AT-VALUE>                       149254289
<RECEIVABLES>                                  1630899
<ASSETS-OTHER>                                     270
<OTHER-ITEMS-ASSETS>                              2093
<TOTAL-ASSETS>                               150887551
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       542291
<TOTAL-LIABILITIES>                             542291
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     149664474
<SHARES-COMMON-STOCK>                         14529997<F1>
<SHARES-COMMON-PRIOR>                         13780940<F1>
<ACCUMULATED-NII-CURRENT>                        22072
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         626987
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         31727
<NET-ASSETS>                                 150345260
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              6646384
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  674274
<NET-INVESTMENT-INCOME>                        5972110
<REALIZED-GAINS-CURRENT>                        923301
<APPREC-INCREASE-CURRENT>                      1506806
<NET-CHANGE-FROM-OPS>                          8404217
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      5885069<F1>
<DISTRIBUTIONS-OF-GAINS>                       7085032<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                       24856233
<NUMBER-OF-SHARES-REDEEMED>                   17296033
<SHARES-REINVESTED>                             634343
<NET-CHANGE-IN-ASSETS>                         3409791
<ACCUMULATED-NII-PRIOR>                          22071
<ACCUMULATED-GAINS-PRIOR>                      6920545
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           552504
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 799948
<AVERAGE-NET-ASSETS>                         147607529<F1>
<PER-SHARE-NAV-BEGIN>                            10.53<F1>
<PER-SHARE-NII>                                    .41<F1>
<PER-SHARE-GAIN-APPREC>                            .17<F1>
<PER-SHARE-DIVIDEND>                               .41<F1>
<PER-SHARE-DISTRIBUTIONS>                          .51<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                              10.19<F1>
<EXPENSE-RATIO>                                    .62<F1>
<AVG-DEBT-OUTSTANDING>                               0<F1>
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class A Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 060
   <NAME> PILOT U.S. GOVERNMENT SECURITIES FUND
       
<S>                             <C>
<PERIOD-TYPE>                  10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                        104378315
<INVESTMENTS-AT-VALUE>                       149254289
<RECEIVABLES>                                  1630899
<ASSETS-OTHER>                                     270
<OTHER-ITEMS-ASSETS>                              2093
<TOTAL-ASSETS>                               150887551
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       542291
<TOTAL-LIABILITIES>                             542291
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     149664474
<SHARES-COMMON-STOCK>                            71959<F2>
<SHARES-COMMON-PRIOR>                            70393<F2>
<ACCUMULATED-NII-CURRENT>                        22072
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         626987
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         31727
<NET-ASSETS>                                 150345260
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              6646384
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  674274
<NET-INVESTMENT-INCOME>                        5972110
<REALIZED-GAINS-CURRENT>                        923301
<APPREC-INCREASE-CURRENT>                      1506806
<NET-CHANGE-FROM-OPS>                          8404217
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        36240<F2>
<DISTRIBUTIONS-OF-GAINS>                         55087<F2>
<DISTRIBUTIONS-OTHER>                                0<F2>
<NUMBER-OF-SHARES-SOLD>                       24856233
<NUMBER-OF-SHARES-REDEEMED>                   17296033
<SHARES-REINVESTED>                             634343
<NET-CHANGE-IN-ASSETS>                         3409791
<ACCUMULATED-NII-PRIOR>                          22071
<ACCUMULATED-GAINS-PRIOR>                      6920545
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           552504
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 799948
<AVERAGE-NET-ASSETS>                            957141<F2>
<PER-SHARE-NAV-BEGIN>                            10.54<F2>
<PER-SHARE-NII>                                    .39<F2>
<PER-SHARE-GAIN-APPREC>                            .17<F2>
<PER-SHARE-DIVIDEND>                               .39<F2>
<PER-SHARE-DISTRIBUTIONS>                          .51<F2>
<RETURNS-OF-CAPITAL>                                 0<F2>
<PER-SHARE-NAV-END>                              10.20<F2>
<EXPENSE-RATIO>                                    .87<F2>
<AVG-DEBT-OUTSTANDING>                               0<F2>
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F2>Class B Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 060
   <NAME> PILOT U.S. GOVERNMENT SECURITIES FUND
       
<S>                             <C>
<PERIOD-TYPE>                  10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                        104378315
<INVESTMENTS-AT-VALUE>                       149254289
<RECEIVABLES>                                  1630899
<ASSETS-OTHER>                                     270
<OTHER-ITEMS-ASSETS>                              2093
<TOTAL-ASSETS>                               150887551
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       542291
<TOTAL-LIABILITIES>                             542291
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     149664474
<SHARES-COMMON-STOCK>                           150064<F3>
<SHARES-COMMON-PRIOR>                           117601<F3>
<ACCUMULATED-NII-CURRENT>                        22072
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         626987
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         31727
<NET-ASSETS>                                 150345260
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              6646384
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  674274
<NET-INVESTMENT-INCOME>                        5972110
<REALIZED-GAINS-CURRENT>                        923301
<APPREC-INCREASE-CURRENT>                      1506806
<NET-CHANGE-FROM-OPS>                          8404217
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        50801<F3>
<DISTRIBUTIONS-OF-GAINS>                         76740<F3>
<DISTRIBUTIONS-OTHER>                                0<F3>
<NUMBER-OF-SHARES-SOLD>                       24856233
<NUMBER-OF-SHARES-REDEEMED>                   17296033
<SHARES-REINVESTED>                             634343
<NET-CHANGE-IN-ASSETS>                         3409791
<ACCUMULATED-NII-PRIOR>                          22071
<ACCUMULATED-GAINS-PRIOR>                      6920545
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           552504
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 799948
<AVERAGE-NET-ASSETS>                           1554346<F3>
<PER-SHARE-NAV-BEGIN>                            10.52<F3>
<PER-SHARE-NII>                                    .34<F3>
<PER-SHARE-GAIN-APPREC>                            .18<F3>
<PER-SHARE-DIVIDEND>                               .34<F3>
<PER-SHARE-DISTRIBUTIONS>                          .51<F3>
<RETURNS-OF-CAPITAL>                                 0<F3>
<PER-SHARE-NAV-END>                              10.19<F3>
<EXPENSE-RATIO>                                   1.62<F3>
<AVG-DEBT-OUTSTANDING>                               0<F3>
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F3>Class C Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 070
   <NAME> PILOT EQUITY INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   FINAL
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                              4214461
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  811137
<NET-INVESTMENT-INCOME>                        3393483
<REALIZED-GAINS-CURRENT>                      18101774
<APPREC-INCREASE-CURRENT>                      3769542
<NET-CHANGE-FROM-OPS>                         25264801
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      3382969<F1>
<DISTRIBUTIONS-OF-GAINS>                      20110430<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                       15925177
<NUMBER-OF-SHARES-REDEEMED>                   11627211
<SHARES-REINVESTED>                            1683739
<NET-CHANGE-IN-ASSETS>                         6420508
<ACCUMULATED-NII-PRIOR>                         126759
<ACCUMULATED-GAINS-PRIOR>                      3211757
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           523988
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 811137
<AVERAGE-NET-ASSETS>                         141924195<F1>
<PER-SHARE-NAV-BEGIN>                            12.37<F1>
<PER-SHARE-NII>                                    .31<F1>
<PER-SHARE-GAIN-APPREC>                           1.97<F1>
<PER-SHARE-DIVIDEND>                               .32<F1>
<PER-SHARE-DISTRIBUTIONS>                         1.89<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                              12.44<F1>
<EXPENSE-RATIO>                                    .73<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class A Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 070
   <NAME> PILOT EQUITY INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                  10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                              4214461
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  811137
<NET-INVESTMENT-INCOME>                        3393483
<REALIZED-GAINS-CURRENT>                      18101774
<APPREC-INCREASE-CURRENT>                      3769542
<NET-CHANGE-FROM-OPS>                         25264801
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        64586<F2>
<DISTRIBUTIONS-OF-GAINS>                        542042<F2>
<DISTRIBUTIONS-OTHER>                                0<F2>
<NUMBER-OF-SHARES-SOLD>                       15925177
<NUMBER-OF-SHARES-REDEEMED>                   11627211
<SHARES-REINVESTED>                            1683739
<NET-CHANGE-IN-ASSETS>                         6420508
<ACCUMULATED-NII-PRIOR>                         126759
<ACCUMULATED-GAINS-PRIOR>                      3211757
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           523988
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 811137
<AVERAGE-NET-ASSETS>                           2840290<F2>
<PER-SHARE-NAV-BEGIN>                            12.45<F2>
<PER-SHARE-NII>                                    .28<F2>
<PER-SHARE-GAIN-APPREC>                           1.99<F2>
<PER-SHARE-DIVIDEND>                               .29<F2>
<PER-SHARE-DISTRIBUTIONS>                         1.89<F2>
<RETURNS-OF-CAPITAL>                                 0<F2>
<PER-SHARE-NAV-END>                              12.54<F2>
<EXPENSE-RATIO>                                    .98<F2>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F2>Class B Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 070
   <NAME> PILOT EQUITY INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                  10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                              4214461
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  811137
<NET-INVESTMENT-INCOME>                        3393483
<REALIZED-GAINS-CURRENT>                      18101774
<APPREC-INCREASE-CURRENT>                      3769542
<NET-CHANGE-FROM-OPS>                         25264801
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        73112<F3>
<DISTRIBUTIONS-OF-GAINS>                        652855<F3>
<DISTRIBUTIONS-OTHER>                                0<F3>
<NUMBER-OF-SHARES-SOLD>                       15925177
<NUMBER-OF-SHARES-REDEEMED>                   11627211
<SHARES-REINVESTED>                            1683739
<NET-CHANGE-IN-ASSETS>                         6420508
<ACCUMULATED-NII-PRIOR>                         126759
<ACCUMULATED-GAINS-PRIOR>                      3211757
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           523988
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 811137
<AVERAGE-NET-ASSETS>                           4364761<F3>
<PER-SHARE-NAV-BEGIN>                            12.37<F3>
<PER-SHARE-NII>                                    .31<F3>
<PER-SHARE-GAIN-APPREC>                           1.97<F3>
<PER-SHARE-DIVIDEND>                               .32<F3>
<PER-SHARE-DISTRIBUTIONS>                         1.89<F3>
<RETURNS-OF-CAPITAL>                                 0<F3>
<PER-SHARE-NAV-END>                              12.44<F3>
<EXPENSE-RATIO>                                    .73<F3>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F3>Class C Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 080
   <NAME> PILOT INTERNATIONAL EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                  10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                        617562551
<INVESTMENTS-AT-VALUE>                       749452866
<RECEIVABLES>                                 10035235
<ASSETS-OTHER>                                  187684
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               759675785
<PAYABLE-FOR-SECURITIES>                      21841522
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      9511564
<TOTAL-LIABILITIES>                           31353086
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     590534525
<SHARES-COMMON-STOCK>                         38039778<F1>
<SHARES-COMMON-PRIOR>                         33969619<F1>
<ACCUMULATED-NII-CURRENT>                      2415558
<OVERDISTRIBUTION-NII>                               0 
<ACCUMULATED-NET-GAINS>                       10560333
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     124812283
<NET-ASSETS>                                 728322699
<DIVIDEND-INCOME>                              7926604
<INTEREST-INCOME>                               802520
<OTHER-INCOME>                                (786594)
<EXPENSES-NET>                                 5738422
<NET-INVESTMENT-INCOME>                        2204108
<REALIZED-GAINS-CURRENT>                      13208101
<APPREC-INCREASE-CURRENT>                     58688545
<NET-CHANGE-FROM-OPS>                         74100754
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      6573825<F1>
<DISTRIBUTIONS-OF-GAINS>                      12568191<F1>
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      143162653
<NUMBER-OF-SHARES-REDEEMED>                   88537960
<SHARES-REINVESTED>                           13572706
<NET-CHANGE-IN-ASSETS>                       122389134
<ACCUMULATED-NII-PRIOR>                        7013267
<ACCUMULATED-GAINS-PRIOR>                     10459434
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          3861385
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                5738422
<AVERAGE-NET-ASSETS>                         701033000<F1>
<PER-SHARE-NAV-BEGIN>                            17.05<F1>
<PER-SHARE-NII>                                    .05<F1>
<PER-SHARE-GAIN-APPREC>                           1.84<F1>
<PER-SHARE-DIVIDEND>                               .17<F1>
<PER-SHARE-DISTRIBUTIONS>                          .34<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                              18.43<F1>
<EXPENSE-RATIO>                                   1.18<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Pilot Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 080
   <NAME> PILOT INTERNATIONAL EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                  10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                        617562551
<INVESTMENTS-AT-VALUE>                       749452866
<RECEIVABLES>                                 10035235
<ASSETS-OTHER>                                  187684
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               759675785
<PAYABLE-FOR-SECURITIES>                      21841522
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      9511564
<TOTAL-LIABILITIES>                           31353086
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     590534525
<SHARES-COMMON-STOCK>                          1463251<F1>
<SHARES-COMMON-PRIOR>                          1581654<F1>
<ACCUMULATED-NII-CURRENT>                      2415558
<OVERDISTRIBUTION-NII>                               0 
<ACCUMULATED-NET-GAINS>                       10560333
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     124812283
<NET-ASSETS>                                 728322699
<DIVIDEND-INCOME>                              7926604
<INTEREST-INCOME>                               802520
<OTHER-INCOME>                                (786594)
<EXPENSES-NET>                                 5738422
<NET-INVESTMENT-INCOME>                        2204108
<REALIZED-GAINS-CURRENT>                      13208101
<APPREC-INCREASE-CURRENT>                     58688545
<NET-CHANGE-FROM-OPS>                         74100754
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       224687<F1>
<DISTRIBUTIONS-OF-GAINS>                        530391<F1>
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      143162653
<NUMBER-OF-SHARES-REDEEMED>                   88537960
<SHARES-REINVESTED>                           13572706
<NET-CHANGE-IN-ASSETS>                       122389134
<ACCUMULATED-NII-PRIOR>                        7013267
<ACCUMULATED-GAINS-PRIOR>                     10459434
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          3861385
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                5738422
<AVERAGE-NET-ASSETS>                          26730000<F1>
<PER-SHARE-NAV-BEGIN>                            16.90<F1>
<PER-SHARE-NII>                                  (.05)<F1>
<PER-SHARE-GAIN-APPREC>                           1.90<F1>
<PER-SHARE-DIVIDEND>                               .14<F1>
<PER-SHARE-DISTRIBUTIONS>                          .34<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                              18.27<F1>
<EXPENSE-RATIO>                                   1.42<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class A Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 080
   <NAME> PILOT INTERNATIONAL EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                  10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                        617562551
<INVESTMENTS-AT-VALUE>                       749452866
<RECEIVABLES>                                 10035235
<ASSETS-OTHER>                                  187684
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               759675785
<PAYABLE-FOR-SECURITIES>                      21841522
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      9511564
<TOTAL-LIABILITIES>                           31353086
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     590534525
<SHARES-COMMON-STOCK>                            30587<F1>
<SHARES-COMMON-PRIOR>                            10822<F1>
<ACCUMULATED-NII-CURRENT>                      2415558
<OVERDISTRIBUTION-NII>                               0 
<ACCUMULATED-NET-GAINS>                       10560333
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     124812283
<NET-ASSETS>                                 728322699
<DIVIDEND-INCOME>                              7926604
<INTEREST-INCOME>                               802520
<OTHER-INCOME>                                (786594)
<EXPENSES-NET>                                 5738422
<NET-INVESTMENT-INCOME>                        2204108
<REALIZED-GAINS-CURRENT>                      13208101
<APPREC-INCREASE-CURRENT>                     58688545
<NET-CHANGE-FROM-OPS>                         74100754
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         3305<F1>
<DISTRIBUTIONS-OF-GAINS>                          8620<F1>
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      143162653
<NUMBER-OF-SHARES-REDEEMED>                   88537960
<SHARES-REINVESTED>                           13572706
<NET-CHANGE-IN-ASSETS>                       122389134
<ACCUMULATED-NII-PRIOR>                        7013267
<ACCUMULATED-GAINS-PRIOR>                     10459434
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          3861385
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                5738422
<AVERAGE-NET-ASSETS>                            560000<F1>
<PER-SHARE-NAV-BEGIN>                            17.04<F1>
<PER-SHARE-NII>                                  (.05)<F1>
<PER-SHARE-GAIN-APPREC>                           1.79<F1>
<PER-SHARE-DIVIDEND>                               .12<F1>
<PER-SHARE-DISTRIBUTIONS>                          .34<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                              18.32<F1>
<EXPENSE-RATIO>                                   2.18<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class B Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 9
   <NAME> SHORT-TERM TAX-EXEMPT DIVERSIFIED FUND
       
<S>                             <C>
<PERIOD-TYPE>                   10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             10472928
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1202014
<NET-INVESTMENT-INCOME>                        9270914
<REALIZED-GAINS-CURRENT>                        (2268)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          9268646
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      8904263<F1>
<DISTRIBUTIONS-OF-GAINS>                         30594<F1>
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      477833794
<NUMBER-OF-SHARES-REDEEMED>                  477392335
<SHARES-REINVESTED>                             407423
<NET-CHANGE-IN-ASSETS>                          787440
<ACCUMULATED-NII-PRIOR>                          41741
<ACCUMULATED-GAINS-PRIOR>                        31893
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           610922
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1202014
<AVERAGE-NET-ASSETS>                         399468396<F1>
<PER-SHARE-NAV-BEGIN>                             1.00<F1>
<PER-SHARE-NII>                                   .022<F1>
<PER-SHARE-GAIN-APPREC>                              0<F1>
<PER-SHARE-DIVIDEND>                              .022<F1>
<PER-SHARE-DISTRIBUTIONS>                            0<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                               1.00<F1>
<EXPENSE-RATIO>                                    .39<F1>
<AVG-DEBT-OUTSTANDING>                               0<F1>
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class A Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 9
   <NAME> SHORT-TERM TAX-EXEMPT DIVERSIFIED FUND
       
<S>                             <C>
<PERIOD-TYPE>                   10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             10472928
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1202014
<NET-INVESTMENT-INCOME>                        9270914
<REALIZED-GAINS-CURRENT>                        (2268)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          9268646
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       293470<F2>
<DISTRIBUTIONS-OF-GAINS>                          1060<F2>
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      477833794
<NUMBER-OF-SHARES-REDEEMED>                  477392335
<SHARES-REINVESTED>                             407423
<NET-CHANGE-IN-ASSETS>                          787440
<ACCUMULATED-NII-PRIOR>                          41741
<ACCUMULATED-GAINS-PRIOR>                        31893
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           610922
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1202014
<AVERAGE-NET-ASSETS>                          14324984<F2>
<PER-SHARE-NAV-BEGIN>                             1.00<F2>
<PER-SHARE-NII>                                   .021<F2>
<PER-SHARE-GAIN-APPREC>                              0<F2>
<PER-SHARE-DIVIDEND>                              .021<F2>
<PER-SHARE-DISTRIBUTIONS>                            0<F2>
<RETURNS-OF-CAPITAL>                                 0<F2>
<PER-SHARE-NAV-END>                               1.00<F2>
<EXPENSE-RATIO>                                    .64<F2>
<AVG-DEBT-OUTSTANDING>                               0<F2>
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F2>Class B Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 9
   <NAME> SHORT-TERM TAX-EXEMPT DIVERSIFIED FUND
       
<S>                             <C>
<PERIOD-TYPE>                   10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             10472928
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1202014
<NET-INVESTMENT-INCOME>                        9270914
<REALIZED-GAINS-CURRENT>                        (2268)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          9268646
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       100557<F3>
<DISTRIBUTIONS-OF-GAINS>                           144<F3>
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      477833794
<NUMBER-OF-SHARES-REDEEMED>                  477392335
<SHARES-REINVESTED>                             407423
<NET-CHANGE-IN-ASSETS>                          787440
<ACCUMULATED-NII-PRIOR>                          41741
<ACCUMULATED-GAINS-PRIOR>                        31893
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           610922
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1202014
<AVERAGE-NET-ASSETS>                           5326901<F3>
<PER-SHARE-NAV-BEGIN>                             1.00<F3>
<PER-SHARE-NII>                                   .019<F3>
<PER-SHARE-GAIN-APPREC>                              0<F3>
<PER-SHARE-DIVIDEND>                              .019<F3>
<PER-SHARE-DISTRIBUTIONS>                            0<F3>
<RETURNS-OF-CAPITAL>                                 0<F3>
<PER-SHARE-NAV-END>                               1.00<F3>
<EXPENSE-RATIO>                                    .89<F3>
<AVG-DEBT-OUTSTANDING>                               0<F3>
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F3>Class C Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 10
   <NAME> GROWTH AND INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0<F1>
<SHARES-COMMON-PRIOR>                                0<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                              5993795
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1726859
<NET-INVESTMENT-INCOME>                        4234091
<REALIZED-GAINS-CURRENT>                      26346883
<APPREC-INCREASE-CURRENT>                     49438525
<NET-CHANGE-FROM-OPS>                         80019500
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      3600452<F1>
<DISTRIBUTIONS-OF-GAINS>                      34088060<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                      200130999
<NUMBER-OF-SHARES-REDEEMED>                  100612563
<SHARES-REINVESTED>                            9887637
<NET-CHANGE-IN-ASSETS>                       109406072
<ACCUMULATED-NII-PRIOR>                          22405
<ACCUMULATED-GAINS-PRIOR>                      8607188
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1166579
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1726859
<AVERAGE-NET-ASSETS>                         323966816<F1>
<PER-SHARE-NAV-BEGIN>                            12.90<F1>
<PER-SHARE-NII>                                    .17<F1>
<PER-SHARE-GAIN-APPREC>                           2.35<F1>
<PER-SHARE-DIVIDEND>                               .15<F1>
<PER-SHARE-DISTRIBUTIONS>                         1.40<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                              13.87<F1>
<EXPENSE-RATIO>                                    .71<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class A Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 10
   <NAME> GROWTH AND INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0<F2>
<SHARES-COMMON-PRIOR>                                0<F2>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                              5993795
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1726859
<NET-INVESTMENT-INCOME>                        4234091
<REALIZED-GAINS-CURRENT>                      26346883
<APPREC-INCREASE-CURRENT>                     49438525
<NET-CHANGE-FROM-OPS>                         80019500
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        61629<F2>
<DISTRIBUTIONS-OF-GAINS>                        717746<F2>
<DISTRIBUTIONS-OTHER>                                0<F2>
<NUMBER-OF-SHARES-SOLD>                      200130999
<NUMBER-OF-SHARES-REDEEMED>                  100612563
<SHARES-REINVESTED>                            9887637
<NET-CHANGE-IN-ASSETS>                       109406072
<ACCUMULATED-NII-PRIOR>                          22405
<ACCUMULATED-GAINS-PRIOR>                      8607188
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1166579
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1726859
<AVERAGE-NET-ASSETS>                           6596582<F2>
<PER-SHARE-NAV-BEGIN>                            12.90<F2>
<PER-SHARE-NII>                                    .14<F2>
<PER-SHARE-GAIN-APPREC>                           2.35<F2>
<PER-SHARE-DIVIDEND>                               .13<F2>
<PER-SHARE-DISTRIBUTIONS>                         1.40<F2>
<RETURNS-OF-CAPITAL>                                 0<F2>
<PER-SHARE-NAV-END>                              13.86<F2>
<EXPENSE-RATIO>                                    .96<F2>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F2>Class B Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 10
   <NAME> GROWTH AND INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0<F3>
<SHARES-COMMON-PRIOR>                                0<F3>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                              5993795
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1726859
<NET-INVESTMENT-INCOME>                        4234091
<REALIZED-GAINS-CURRENT>                      26346883
<APPREC-INCREASE-CURRENT>                     49438525
<NET-CHANGE-FROM-OPS>                         80019500
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        20492<F3>
<DISTRIBUTIONS-OF-GAINS>                        523033<F3>
<DISTRIBUTIONS-OTHER>                                0<F3>
<NUMBER-OF-SHARES-SOLD>                      200130999
<NUMBER-OF-SHARES-REDEEMED>                  100612563
<SHARES-REINVESTED>                            9887637
<NET-CHANGE-IN-ASSETS>                       109406072
<ACCUMULATED-NII-PRIOR>                          22405
<ACCUMULATED-GAINS-PRIOR>                      8607188
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1166579
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1726859
<AVERAGE-NET-ASSETS>                           4987174<F3>
<PER-SHARE-NAV-BEGIN>                            12.90<F3>
<PER-SHARE-NII>                                    .08<F3>
<PER-SHARE-GAIN-APPREC>                           2.35<F3>
<PER-SHARE-DIVIDEND>                               .06<F3>
<PER-SHARE-DISTRIBUTIONS>                         1.40<F3>
<RETURNS-OF-CAPITAL>                                 0<F3>
<PER-SHARE-NAV-END>                              13.87<F3>
<EXPENSE-RATIO>                                   1.71<F3>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F3>Class C Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 11
   <NAME> PILOT INTERMEDIATE U.S. GOVERNMENT SECURITIES FUND
       
<S>                             <C>
<PERIOD-TYPE>                   10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0  
<INTEREST-INCOME>                              9959269  
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  951889
<NET-INVESTMENT-INCOME>                        9007380
<REALIZED-GAINS-CURRENT>                        195771
<APPREC-INCREASE-CURRENT>                      1655692
<NET-CHANGE-FROM-OPS>                         10858843
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      9031322<F1>
<DISTRIBUTIONS-OF-GAINS>                       3410401<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                       48222008
<NUMBER-OF-SHARES-REDEEMED>                   46618038
<SHARES-REINVESTED>                            1308796
<NET-CHANGE-IN-ASSETS>                         1259079
<ACCUMULATED-NII-PRIOR>                          22072
<ACCUMULATED-GAINS-PRIOR>                      3114261
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           589089
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 951889
<AVERAGE-NET-ASSETS>                         236701440<F1>
<PER-SHARE-NAV-BEGIN>                            10.16<F1>
<PER-SHARE-NII>                                    .39<F1>
<PER-SHARE-GAIN-APPREC>                            .09<F1>
<PER-SHARE-DIVIDEND>                               .39<F1>
<PER-SHARE-DISTRIBUTIONS>                          .15<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                              10.10<F1>
<EXPENSE-RATIO>                                    .56<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class A Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 11
   <NAME> PILOT INTERMEDIATE U.S. GOVERNMENT SECURITIES FUND
       
<S>                             <C>
<PERIOD-TYPE>                   10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0  
<INTEREST-INCOME>                              9959269  
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  951889
<NET-INVESTMENT-INCOME>                        9007380
<REALIZED-GAINS-CURRENT>                        195771
<APPREC-INCREASE-CURRENT>                      1655692
<NET-CHANGE-FROM-OPS>                         10858843
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        48963<F2>
<DISTRIBUTIONS-OF-GAINS>                         21843<F2>
<DISTRIBUTIONS-OTHER>                                0<F2>
<NUMBER-OF-SHARES-SOLD>                       48222008
<NUMBER-OF-SHARES-REDEEMED>                   46618038
<SHARES-REINVESTED>                            1308796
<NET-CHANGE-IN-ASSETS>                         1259079
<ACCUMULATED-NII-PRIOR>                          22072
<ACCUMULATED-GAINS-PRIOR>                      3114261
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           589089
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 951889
<AVERAGE-NET-ASSETS>                           1340216<F2>
<PER-SHARE-NAV-BEGIN>                            10.16<F2>
<PER-SHARE-NII>                                    .37<F2>
<PER-SHARE-GAIN-APPREC>                            .09<F2>
<PER-SHARE-DIVIDEND>                               .37<F2>
<PER-SHARE-DISTRIBUTIONS>                          .15<F2>
<RETURNS-OF-CAPITAL>                                 0<F2>
<PER-SHARE-NAV-END>                              10.10<F2>
<EXPENSE-RATIO>                                    .81<F2>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F2>Class B Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 12
   <NAME> PILOT SMALL CAPITALIZATION EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                  10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                        118478630
<INVESTMENTS-AT-VALUE>                       149222562
<RECEIVABLES>                                   104310
<ASSETS-OTHER>                                  448742
<OTHER-ITEMS-ASSETS>                                 0 
<TOTAL-ASSETS>                               119031682
<PAYABLE-FOR-SECURITIES>                        445881 
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      2802949 
<TOTAL-LIABILITIES>                            3248830 
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     103018854
<SHARES-COMMON-STOCK>                          9065316<F1>
<SHARES-COMMON-PRIOR>                          6617289<F1>
<ACCUMULATED-NII-CURRENT>                          890
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       1479742
<ACCUM-APPREC-OR-DEPREC>                      14242850
<NET-ASSETS>                                 115782852
<DIVIDEND-INCOME>                               933976
<INTEREST-INCOME>                               150185
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1032031
<NET-INVESTMENT-INCOME>                         364419
<REALIZED-GAINS-CURRENT>                     (1681500)
<APPREC-INCREASE-CURRENT>                     13621363
<NET-CHANGE-FROM-OPS>                         12304282
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       361933<F1>
<DISTRIBUTIONS-OF-GAINS>                        357391<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                       41498279
<NUMBER-OF-SHARES-REDEEMED>                   12369674
<SHARES-REINVESTED>                             127206
<NET-CHANGE-IN-ASSETS>                        29255811
<ACCUMULATED-NII-PRIOR>                           7331
<ACCUMULATED-GAINS-PRIOR>                       581207
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           731622
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1032031
<AVERAGE-NET-ASSETS>                          94420067<F1>
<PER-SHARE-NAV-BEGIN>                            10.65<F1>
<PER-SHARE-NII>                                    .04<F1>
<PER-SHARE-GAIN-APPREC>                           1.47<F1>
<PER-SHARE-DIVIDEND>                               .04<F1>
<PER-SHARE-DISTRIBUTIONS>                          .05<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                              12.07<F1>
<EXPENSE-RATIO>                                    .98<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class A Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 12
   <NAME> PILOT SMALL CAPITALIZATION EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                  10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                        118478630
<INVESTMENTS-AT-VALUE>                       149222562
<RECEIVABLES>                                   104310
<ASSETS-OTHER>                                  448742
<OTHER-ITEMS-ASSETS>                                 0 
<TOTAL-ASSETS>                               119031682
<PAYABLE-FOR-SECURITIES>                        445881 
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      2802949 
<TOTAL-LIABILITIES>                            3248830 
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     103018854
<SHARES-COMMON-STOCK>                           306758<F2>
<SHARES-COMMON-PRIOR>                           245417<F2>
<ACCUMULATED-NII-CURRENT>                          890
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       1479742
<ACCUM-APPREC-OR-DEPREC>                      14242850
<NET-ASSETS>                                 115782852
<DIVIDEND-INCOME>                               933976
<INTEREST-INCOME>                               150185
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1032031
<NET-INVESTMENT-INCOME>                         364419
<REALIZED-GAINS-CURRENT>                     (1681500)
<APPREC-INCREASE-CURRENT>                     13621363
<NET-CHANGE-FROM-OPS>                         12304282
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         8336<F2>
<DISTRIBUTIONS-OF-GAINS>                         12306<F2>
<DISTRIBUTIONS-OTHER>                                0<F2>
<NUMBER-OF-SHARES-SOLD>                       41498279
<NUMBER-OF-SHARES-REDEEMED>                   12369674
<SHARES-REINVESTED>                             127206
<NET-CHANGE-IN-ASSETS>                        29255811
<ACCUMULATED-NII-PRIOR>                           7331
<ACCUMULATED-GAINS-PRIOR>                       581207
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           731622
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1032031
<AVERAGE-NET-ASSETS>                           3267036<F2>
<PER-SHARE-NAV-BEGIN>                            10.64<F2>
<PER-SHARE-NII>                                    .03<F2>
<PER-SHARE-GAIN-APPREC>                           1.46<F2>
<PER-SHARE-DIVIDEND>                               .03<F2>
<PER-SHARE-DISTRIBUTIONS>                          .05<F2>
<RETURNS-OF-CAPITAL>                                 0<F2>
<PER-SHARE-NAV-END>                              12.05<F2>
<EXPENSE-RATIO>                                   1.23<F2>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F2>Class B Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 12
   <NAME> PILOT SMALL CAPITALIZATION EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                  10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                        118478630
<INVESTMENTS-AT-VALUE>                       149222562
<RECEIVABLES>                                   104310
<ASSETS-OTHER>                                  448742
<OTHER-ITEMS-ASSETS>                                 0 
<TOTAL-ASSETS>                               119031682
<PAYABLE-FOR-SECURITIES>                        445881 
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      2802949 
<TOTAL-LIABILITIES>                            3248830 
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     103018854
<SHARES-COMMON-STOCK>                           219116<F3>
<SHARES-COMMON-PRIOR>                           176356<F3>
<ACCUMULATED-NII-CURRENT>                          890
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       1479742
<ACCUM-APPREC-OR-DEPREC>                      14242850
<NET-ASSETS>                                 115782852
<DIVIDEND-INCOME>                               933976
<INTEREST-INCOME>                               150185
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1032031
<NET-INVESTMENT-INCOME>                         364419
<REALIZED-GAINS-CURRENT>                     (1681500)
<APPREC-INCREASE-CURRENT>                     13621363
<NET-CHANGE-FROM-OPS>                         12304282
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          591<F3>
<DISTRIBUTIONS-OF-GAINS>                          9752<F3>
<DISTRIBUTIONS-OTHER>                                0<F3>
<NUMBER-OF-SHARES-SOLD>                       41498279
<NUMBER-OF-SHARES-REDEEMED>                   12369674
<SHARES-REINVESTED>                             127206
<NET-CHANGE-IN-ASSETS>                        29255811
<ACCUMULATED-NII-PRIOR>                           7331
<ACCUMULATED-GAINS-PRIOR>                       581207
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           731622
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1032031
<AVERAGE-NET-ASSETS>                           2424254<F3>
<PER-SHARE-NAV-BEGIN>                            10.65<F3>
<PER-SHARE-NII>                                  (.03)<F3>
<PER-SHARE-GAIN-APPREC>                           1.46<F3>
<PER-SHARE-DIVIDEND>                                 0<F3>
<PER-SHARE-DISTRIBUTIONS>                          .05<F3>
<RETURNS-OF-CAPITAL>                                 0<F3>
<PER-SHARE-NAV-END>                              12.03<F3>
<EXPENSE-RATIO>                                   1.97<F3>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F3>Class C Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 130
   <NAME> PILOT GROWTH FUND
       
<S>                             <C>
<PERIOD-TYPE>                   10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0 
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                               323282
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  321239
<NET-INVESTMENT-INCOME>                           2044 
<REALIZED-GAINS-CURRENT>                      13499071
<APPREC-INCREASE-CURRENT>                      7637547
<NET-CHANGE-FROM-OPS>                         21138661
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        73200
<DISTRIBUTIONS-OF-GAINS>                      13513787
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      106627120
<NUMBER-OF-SHARES-REDEEMED>                   75632789
<SHARES-REINVESTED>                             137765 
<NET-CHANGE-IN-ASSETS>                        38704116
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           144607
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 321239
<AVERAGE-NET-ASSETS>                          37752396  
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.01
<PER-SHARE-GAIN-APPREC>                           2.24
<PER-SHARE-DIVIDEND>                              0.02
<PER-SHARE-DISTRIBUTIONS>                         3.30
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.93
<EXPENSE-RATIO>                                    .90
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000704178
<NAME> THE PILOT FUNDS
<SERIES>
   <NUMBER> 140
   <NAME> PILOT DIVERSIFIED BOND INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                  10-MOS
<FISCAL-YEAR-END>                          AUG-31-1997
<PERIOD-START>                             SEP-01-1996
<PERIOD-END>                               MAY-15-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              4961438
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  473041
<NET-INVESTMENT-INCOME>                        4488396
<REALIZED-GAINS-CURRENT>                      (355685)
<APPREC-INCREASE-CURRENT>                    123933254
<NET-CHANGE-FROM-OPS>                          1914730
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      3856227
<DISTRIBUTIONS-OF-GAINS>                        369842
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      283488277
<NUMBER-OF-SHARES-REDEEMED>                  189211346
<SHARES-REINVESTED>                              45772
<NET-CHANGE-IN-ASSETS>                       220726569
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           223390
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 473041
<AVERAGE-NET-ASSETS>                          97148645
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                    .34
<PER-SHARE-GAIN-APPREC>                          (.10)
<PER-SHARE-DIVIDEND>                               .34
<PER-SHARE-DISTRIBUTIONS>                          .03
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.87
<EXPENSE-RATIO>                                    .58
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
</FN>
        

</TABLE>


 
<PAGE>
 
PILOT FUNDS
PROXY SERVICES
P.O. BOX 9156
FARMINGDALE, NY 11735


                                  PROXY CARD
                   PILOT SHORT-TERM DIVERSIFIED ASSETS FUND
                Special Meeting of Shareholders--April 28, 1997

  The undersigned hereby appoints William J. Tomko, Bruce Treff and George O. 
Martinez, and each of them, attorneys and proxies of the undersigned, each with 
power of substitution and resubstitution, to attend, vote and act for the 
undersigned at the Special Meeting of Shareholders of The Pilot Funds ("Pilot 
Funds") to be held at the offices of Pilot Funds, 3455 Stelzer Road, Columbus 
Ohio 43219-3035, at 10:00 a.m. (Eastern time), April 28, 1997, and at any 
adjournment or adjournments thereof, casting votes according to the number of 
shares of each class of the Pilot Short-Term Diversified Assets Fund (the 
"Fund") which the undersigned may be entitled to vote with respect to the 
proposal set forth below, in accordance with the specification indicated, if 
any, and with all the powers which the undersigned would possess if personally 
present, hereby revoking any prior proxy to vote at such meeting and hereby 
ratifying and confirming all that said attorneys and proxies, or either of them,
may lawfully do by virtue thereof.


  THE UNDERSIGNED HEREBY ACKNOWLEDGES RECEIPT OF THE NOTICE OF
SPECIAL MEETING 
OF SHAREHOLDERS OF PILOT FUNDS AND THE COMBINED PROXY
STATEMENT/PROSPECTUS, 
DATED MARCH 22, 1997.



  THIS PROXY IS SOLICITED BY AND THIS PROPOSAL IS PROPOSED BY THE BOARD
OF 
TRUSTEES OF PILOT FUNDS, WHICH UNANIMOUSLY RECOMMENDS THAT YOU
VOTE IN FAVOR OF 
THE PROPOSAL. FOR YOUR CONVENIENCE, YOU MAY VOTE BY FAXING THE
PROXY BALLOT TO 
(314) 466-7765 OR BY MAILING IT IN THE ENCLOSED POSTAGE PAID ENVELOPE.
PLEASE 
MAKE SURE YOU MARK, SIGN AND DATE YOUR PROXY CARD.



  THIS PROXY WILL BE VOTED AS SPECIFIED BELOW WITH RESPECT TO THE
ACTION TO BE 
TAKEN ON THE FOLLOWING PROPOSAL. PROXIES RETURNED WITHOUT ANY
SPECIFICATION WILL
BE VOTED IN FAVOR OF THE PROPOSAL. PROXIES NOT RETURNED WILL NOT BE
VOTED.



                                            ACCOUNT NUMBER:
                                            SHARES:
                                            CONTROL NO:

                 


 
<PAGE>
 
TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS:  [X]

                                PILSTD        KEEP THIS PORTION FOR YOUR RECORDS
- --------------------------------------------------------------------------------
                                             DETACH AND RETURN THIS PORTION ONLY
             THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.

PILOT SHORT-TERM DIVERSIFIED ASSETS FUND

                                                6167234395  013421774029  PILSTD

  In their discretion, the Proxies, and either of them, are authorized to vote 
  upon any other business that may properly come before the meeting, or any 
  adjournment(s) thereof, including any adjournment(s) necessary to obtain 
  requisite quorums and/or approvals.

Vote On Proposal                                         For   Against   Abstain

1. To approve the Agreement and Plan or Reorganization   [ ]     [ ]       [ ]
   ("Plan"), and the transactions contemplated hereby,
   which include (a) the transfer of all of the assets
   of the designated class of the Fund to the
   corresponding class of Nations Prime Fund ("Acquiring
   Fund") of Nations Fund, Inc. in exchange for shares of
   the Acquiring Fund and the assumption by the Acquiring
   Fund of stated liabilities of the Fund, and (b) the
   distribution to Fund shareholders, shares of the 
   Acquiring Fund so received.


   Please sign below exactly as your name(s) appear(s) hereon. Fiduciaries 
   should give full titles as such.


[                                ]       ]  [                      ]      ]    1
Signature (PLEASE SIGN WITHIN BOX)  Date    Signature (Joint Owners)  Date 39134



           


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