<PAGE> PAGE 1
000 A000000 12/31/98
000 C000000 0000711202
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 J000000 A
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001 C000000 6034365152
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002 B000000 PORTSMOUTH
002 C000000 NH
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003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 5
007 C010100 1
007 C020100 WORKING ASSETS MONEY MARKET FUND
007 C030100 N
007 C010200 2
007 C020200 CITIZENS INCOME FUND
007 C030200 N
007 C010300 3
007 C020300 CITIZENS INDEX FUND
007 C030300 N
007 C010400 4
007 C020400 CITIZENS EMERGING GROWTH FUND
007 C030400 N
007 C010500 5
007 C020500 CITIZENS GLOBAL EQUITY FUND
007 C030500 N
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 CITIZENS ADVISERS
010 B00AA01 801-35933
010 C01AA01 PORTSMOUTH
010 C02AA01 NH
010 C03AA01 03801
011 A00AA01 CITIZENS SECURITIES
011 B00AA01 8-43169
011 C01AA01 PORTSMOUTH
011 C02AA01 NH
<PAGE> PAGE 2
011 C03AA01 03801
012 A00AA01 PFPC INC.
012 B00AA01 85-1196
012 C01AA01 WILMINGTON
012 C02AA01 DE
012 C03AA01 19809
013 A00AA01 PRICE WATERHOUSE COOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 CITIZENS SECURITIES
014 B00AA01 8-43169
015 A00AA01 STATE STREET BANK AND TRUST
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02105
015 E01AA01 X
015 A00AA02 CITIBANK, N.A. - BUENOS AIRES
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
015 A00AA03 WESTPAC BANKING CORPORATION-SYDNEY
015 B00AA03 S
015 C01AA03 SYDNEY
015 D01AA03 AUSTRALIA
015 E04AA03 X
015 A00AA04 ERSTE BANK DER OESTERREICHISONEN SPARKASSEN
015 B00AA04 S
015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
015 E04AA04 X
015 A00AA05 BRITISH BANK OF THE MIDDLE EAST
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015 C01AA05 MANAMA
015 D01AA05 BAHRAIN
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015 A00AA06 STANDARD CHARTERED BANK-DHAKA
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015 D01AA06 BANGLADESH
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015 D01AA07 BELGIUM
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<PAGE> PAGE 3
015 D01AA08 BERMUDA
015 E04AA08 X
015 A00AA09 BANCO BOLIVIANO AMERICANO S.A.-LA PAZ
015 B00AA09 S
015 C01AA09 LA PAZ
015 D01AA09 BOLIVIA
015 E04AA09 X
015 A00AA10 BARCLAYS BANK OF BOTSWANA LIMITED-GABORONE
015 B00AA10 S
015 C01AA10 GABORONE
015 D01AA10 BOTSWANA
015 E04AA10 X
015 A00AA11 CITIBANK, N.A.-SAO PAULO
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015 C01AA11 SAO PAULO
015 D01AA11 BRAZIL
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015 C01AA12 SOFIA
015 D01AA12 BULGARIA
015 E04AA12 X
015 A00AA13 CANADA TRUSTCO MORTGAGE COMPANY-TORONTO
015 B00AA13 S
015 C01AA13 TORONTO
015 D01AA13 CANADA
015 E04AA13 X
015 A00AA14 CITIBANK, N.A.-SANTIAGO
015 B00AA14 S
015 C01AA14 SANTIAGO
015 D01AA14 CHILE
015 E04AA14 X
015 A00AA15 THE HONGKONG AND SHANGHAI BANKING CORP, LTD
015 B00AA15 S
015 C01AA15 HONG KONG
015 D01AA15 CHINA
015 E04AA15 X
015 A00AA16 CITITRUST COLUMBIA SA-BOGOTA
015 B00AA16 S
015 C01AA16 BOGOTA
015 D01AA16 COLUMBIA
015 E04AA16 X
015 A00AA17 PRIVREDNA BANKA ZAGREB DD-ZAGREB
015 B00AA17 S
015 C01AA17 ZAGREB
015 D01AA17 CROATIA
015 E04AA17 X
015 A00AA18 BARCLAYS BANK PLC CYPRUS OFFSHORE BANKING UNT
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015 C01AA18 NICOSIA
015 D01AA18 CYPRUS
<PAGE> PAGE 4
015 E04AA18 X
015 A00AA19 CESKOSLOVENSKA OBCHODNI BANKA A.S.-PRAGUE
015 B00AA19 S
015 C01AA19 PRAGUE
015 D01AA19 CZECH REPUBLIC
015 E04AA19 X
015 A00AA20 DEN DANSKE BANK-COPENHAGEN
015 B00AA20 S
015 C01AA20 COPENHAGEN
015 D01AA20 DENMARK
015 E04AA20 X
015 A00AA21 BANCO DEL PACIFICO-GUAYAQUIL
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015 D01AA21 ECUADOR
015 E04AA21 X
015 A00AA22 NATIONAL BANK OF EGYPT-CAIRO
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015 D01AA22 EGYPT
015 E04AA22 X
015 A00AA23 HANSABANK-TALLINN
015 B00AA23 S
015 C01AA23 TALLINN
015 D01AA23 ESTONIA
015 E04AA23 X
015 A00AA24 MERITA BANK LIMITED-HELSINKI
015 B00AA24 S
015 C01AA24 HELSINKI
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015 E04AA24 X
015 A00AA25 BANQUE PARIBAS-PARIS
015 B00AA25 S
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015 D01AA25 FRANCE
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015 A00AA26 BANQUE PARIBAS-FRANKFURT
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015 A00AA28 DEUTSCHE BANK AG-KARACHI
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<PAGE> PAGE 5
015 A00AA29 CITIBANK, N.A.-LIMA
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015 C01AA29 LIMA
015 D01AA29 PERU
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015 A00AA30 STANDARD CHARTERED BANK-MANILA
015 B00AA30 S
015 C01AA30 MANILA
015 D01AA30 PHILLIPPINES
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015 B00AA31 S
015 C01AA31 WARSAW
015 D01AA31 POLAND
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015 A00AA32 BANCO COMERCIAL PORTUGUES-LISBON
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015 C01AA32 LISBON
015 D01AA32 PORTUGAL
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015 A00AA33 ING BANK N.V.-BUCHAREST
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015 C01AA33 BUCHAREST
015 D01AA33 ROMANIA
015 E04AA33 X
015 A00AA34 CREDIT SUISSE FIRST BOSTON AO, MOSCOW
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015 C01AA34 MOSCOW
015 D01AA34 RUSSIA
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015 A00AA35 THE DEVELOPMENT BANK OF SINGAPORE LIMITED
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015 D01AA35 SINGAPORE
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015 A00AA37 BANKA CREDITANSTALT DD-LJUBJANA
015 B00AA37 S
015 C01AA37 LJUBJANA
015 D01AA37 SLOVENIA
015 E04AA37 X
015 A00AA38 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B00AA38 S
015 C01AA38 JOHANNESBURG
015 D01AA38 SOUTH AFRICA
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<PAGE> PAGE 6
015 B00AA39 S
015 C01AA39 MADRID
015 D01AA39 SPAIN
015 E04AA39 X
015 A00AA40 THE HONGKONG SHANGHAI BANKING CORP. LTD.
015 B00AA40 S
015 C01AA40 COLOMBO
015 D01AA40 SRI LANKA
015 E04AA40 X
015 A00AA41 STANDARD BANK OF SWAZILAND LIMITED-MBABANE
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015 D01AA41 SWAZILAND
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015 D01AA44 TAIWAN
015 E04AA44 X
015 A00AA45 STANDARD CHARTERED BANK-BANGKOK
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015 D01AA45 THAILAND
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015 B00AA46 S
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<PAGE> PAGE 7
015 C01AA49 LONDON
015 D01AA49 UNITED KINGDOM
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015 A00AA50 CITIBANK, N.A.-MONTEVIDEO
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015 E04AA50 X
015 A00AA51 CITIBANK, N.A.-CARACAS
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015 A00AA53 BARCLAYS BANK OF ZIMBABWE LIMITED-HARARE
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015 A00AA54 BARCLAYS BANK OF GHANA LIMITED-ACCRA
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015 D01AA54 GHANA
015 E04AA54 X
015 A00AA55 NATIONAL BANK OF GREECE S.A.-ATHENS
015 B00AA55 S
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015 D01AA55 GREECE
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015 A00AA56 STANDARD CHARTERED BANK-HONG KONG
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<PAGE> PAGE 8
015 D01AA59 INDIA
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015 A00AA60 STANDARD CHARTERED BANK-JAKARTA
015 B00AA60 S
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015 A00AA61 BANK OF IRELAND-DUBLIN
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015 A00AA62 BANK OF HAPOALIM B.M.-TEL AVIV
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015 D01AA63 ITALY
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015 A00AA64 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
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015 D01AA68 KENYA
015 E04AA68 X
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<PAGE> PAGE 9
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015 D01AA71 LEBANON
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015 A00AA72 VILNIAUS BANKAS AB-VILNIUS
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015 E04AA75 X
015 A00AA76 BANQUE COMMERCIALE DU MARCO-CASABLANCA
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015 C01AA76 CASABLANCA
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
008 A000301 CITIZENS ADVISERS
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008 D010301 PORTSMOUTH
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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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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<PAGE> PAGE 27
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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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008 A000501 CITIZENS ADVISERS
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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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SIGNATURE JOHN SHIELDS
TITLE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> Working Assets -- Institutional Class Shares
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<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> DEC-31-1998
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 125,281,663
<INVESTMENTS-AT-VALUE> 125,281,663
<RECEIVABLES> 921,639
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<NET-ASSETS> 127,303,837
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,386,209
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<EXPENSES-NET> (709,106)
<NET-INVESTMENT-INCOME> 2,677,103
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<NUMBER-OF-SHARES-SOLD> 8,956,071
<NUMBER-OF-SHARES-REDEEMED> (5,523,473)
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<EXPENSE-RATIO> 0.76
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000711202
<NAME> Citizens Income Fund
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> DEC-31-1998
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 58,895,041
<INVESTMENTS-AT-VALUE> 60,355,534
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<TOTAL-ASSETS> 61,413,378
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<OTHER-ITEMS-LIABILITIES> 288,934
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<ACCUM-APPREC-OR-DEPREC> 1,460,493
<NET-ASSETS> 61,124,444
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<EXPENSES-NET> (419,191)
<NET-INVESTMENT-INCOME> 1,552,934
<REALIZED-GAINS-CURRENT> 102,916
<APPREC-INCREASE-CURRENT> (480,726)
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<DISTRIBUTIONS-OF-INCOME> (1,527,032)
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<NUMBER-OF-SHARES-REDEEMED> (478,858)
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000711202
<NAME> Citizens Index Fund -- Standard Shares
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-START> JUL-01-1998
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<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 263,484,621
<INVESTMENTS-AT-VALUE> 483,306,153
<RECEIVABLES> 21,510,378
<ASSETS-OTHER> 1,506,051
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<TOTAL-ASSETS> 506,322,582
<PAYABLE-FOR-SECURITIES> 14,353,295
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<OTHER-ITEMS-LIABILITIES> 2,275,897
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<PAID-IN-CAPITAL-COMMON> 265,318,136
<SHARES-COMMON-STOCK> 16,119,919
<SHARES-COMMON-PRIOR> 2,274,918
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<NET-ASSETS> 489,693,390
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<GROSS-EXPENSE> 2,871,769
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<PER-SHARE-NAV-END> 27.24
<EXPENSE-RATIO> 1.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000711202
<NAME> Citizens Index Fund -- Institutional Class Shares
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-START> JUL-01-1998
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<INVESTMENTS-AT-COST> 263,484,621
<INVESTMENTS-AT-VALUE> 483,306,153
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<ACCUM-APPREC-OR-DEPREC> 219,821,532
<NET-ASSETS> 489,693,390
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<INTEREST-INCOME> 75,355
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<EXPENSES-NET> (2,871,769)
<NET-INVESTMENT-INCOME> (897,537)
<REALIZED-GAINS-CURRENT> 6,707,998
<APPREC-INCREASE-CURRENT> 64,161,123
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<NUMBER-OF-SHARES-SOLD> 713,438
<NUMBER-OF-SHARES-REDEEMED> (120,910)
<SHARES-REINVESTED> 26,311
<NET-CHANGE-IN-ASSETS> 116,624,590
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 4,304,904
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 978,236
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,871,769
<AVERAGE-NET-ASSETS> 388,104,325
<PER-SHARE-NAV-BEGIN> 19.13
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 3.41
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.31)
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<PER-SHARE-NAV-END> 22.25
<EXPENSE-RATIO> 0.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000711202
<NAME> Citizens Emerging Growth Fund
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> DEC-31-1998
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<INVESTMENTS-AT-COST> 87,885,517
<INVESTMENTS-AT-VALUE> 110,135,297
<RECEIVABLES> 1,201,059
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<PAYABLE-FOR-SECURITIES> 4,894,374
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<OTHER-ITEMS-LIABILITIES> 760,500
<TOTAL-LIABILITIES> 5,654,874
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<PAID-IN-CAPITAL-COMMON> 75,810,965
<SHARES-COMMON-STOCK> 5,527,697
<SHARES-COMMON-PRIOR> 5,008,373
<ACCUMULATED-NII-CURRENT> (530,486)
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<ACCUMULATED-NET-GAINS> 8,151,898
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,249,780
<NET-ASSETS> 105,682,157
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<INTEREST-INCOME> 146,001
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<EXPENSES-NET> (805,609)
<NET-INVESTMENT-INCOME> (530,486)
<REALIZED-GAINS-CURRENT> 9,557,679
<APPREC-INCREASE-CURRENT> 8,214,780
<NET-CHANGE-FROM-OPS> 17,241,973
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 1,452,521
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,227,255
<NUMBER-OF-SHARES-REDEEMED> (2,177,560)
<SHARES-REINVESTED> 469,629
<NET-CHANGE-IN-ASSETS> 87,891,558
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 7,610,628
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 431,006
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 805,609
<AVERAGE-NET-ASSETS> 85,498,492
<PER-SHARE-NAV-BEGIN> 17.55
<PER-SHARE-NII> (0.10)
<PER-SHARE-GAIN-APPREC> (3.46)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.79)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.12
<EXPENSE-RATIO> 1.87
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000711202
<NAME> Citizens Global Equity Fund
<MULTIPLIER> 1
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> DEC-31-1998
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 39,756,291
<INVESTMENTS-AT-VALUE> 58,361,795
<RECEIVABLES> 287,624
<ASSETS-OTHER> 1,380
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 58,650,799
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,170,214
<TOTAL-LIABILITIES> 1,170,214
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 40,079,015
<SHARES-COMMON-STOCK> 3,141,511
<SHARES-COMMON-PRIOR> 2,894,252
<ACCUMULATED-NII-CURRENT> (218,521)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (986,947)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 18,607,038
<NET-ASSETS> 57,480,585
<DIVIDEND-INCOME> 145,752
<INTEREST-INCOME> 138,186
<OTHER-INCOME> 0
<EXPENSES-NET> (502,459)
<NET-INVESTMENT-INCOME> (218,521)
<REALIZED-GAINS-CURRENT> (987,325)
<APPREC-INCREASE-CURRENT> 6,594,665
<NET-CHANGE-FROM-OPS> 5,388,819
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (1,452,251)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,177,168
<NUMBER-OF-SHARES-REDEEMED> (999,930)
<SHARES-REINVESTED> 70,021
<NET-CHANGE-IN-ASSETS> 8,435,255
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,452,664
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 256,812
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 502,459
<AVERAGE-NET-ASSETS> 50,943,699
<PER-SHARE-NAV-BEGIN> 16.95
<PER-SHARE-NII> (0.07)
<PER-SHARE-GAIN-APPREC> 1.89
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.47)
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<PER-SHARE-NAV-END> 18.30
<EXPENSE-RATIO> 1.96
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
