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<PAGE> PAGE 2
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<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 19
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<PAGE> PAGE 21
028 E020500 189
028 E030500 0
028 E040500 14475
028 F010500 21615
028 F020500 194
028 F030500 0
028 F040500 29705
028 G010500 149048
028 G020500 980
028 G030500 0
028 G040500 137122
028 H000500 0
037 000500 N
038 000500 0
039 000500 N
040 000500 N
041 000500 N
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.000
048 A010500 100000
048 A020500 0.350
048 B010500 150000
048 B020500 0.320
048 C010500 250000
048 C020500 0.320
048 D010500 500000
048 D020500 0.300
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 Y
053 B000500 N
053 C000500 Y
054 A000500 Y
<PAGE> PAGE 22
054 B000500 Y
054 C000500 N
054 D000500 N
054 E000500 N
054 F000500 N
054 G000500 Y
054 H000500 Y
054 I000500 N
054 J000500 Y
054 K000500 N
054 L000500 N
054 M000500 Y
054 N000500 N
054 O000500 N
058 A000500 N
059 000500 Y
060 A000500 N
060 B000500 N
061 000500 1000
062 A000500 Y
062 B000500 100.3
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.3
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 82
063 B000500 0.0
064 A000500 N
070 A010500 N
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
<PAGE> PAGE 23
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 N
070 N020500 N
070 O010500 N
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 0
071 B000500 0
071 C000500 0
071 D000500 0
072 A000500 6
072 B000500 2452
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 166
072 G000500 33
072 H000500 0
072 I000500 21
072 J000500 28
072 K000500 0
072 L000500 4
072 M000500 1
072 N000500 13
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 27
072 S000500 6
072 T000500 0
072 U000500 0
072 V000500 0
<PAGE> PAGE 24
072 W000500 8
072 X000500 307
072 Y000500 95
072 Z000500 2240
072AA000500 0
072BB000500 6
072CC010500 0
072CC020500 0
072DD010500 2240
072DD020500 0
072EE000500 0
073 A010500 0.0234
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 49
074 B000500 0
074 C000500 100512
074 D000500 0
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 0
074 M000500 0
074 N000500 100561
074 O000500 3
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 394
074 S000500 0
074 T000500 100164
074 U010500 100164
074 U020500 0
074 V010500 0.00
074 V020500 0.00
074 W000500 1.0000
074 X000500 1025
074 Y000500 0
075 A000500 95907
075 B000500 0
076 000500 0.00
063 A000600 82
063 B000600 0.0
064 A000600 N
<PAGE> PAGE 25
SIGNATURE WILLIAM J. AUSTIN, JR.
TITLE ASST. TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> WRIGHT U.S. TREASURY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 68,750,104
<INVESTMENTS-AT-VALUE> 72,073,491
<RECEIVABLES> 12,976
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 72,086,467
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 119,153
<TOTAL-LIABILITIES> 119,153
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 68,306,191
<SHARES-COMMON-STOCK> 5,097,401
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 84,473
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 253,263
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,323,387
<NET-ASSETS> 71,967,314
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,208,796
<OTHER-INCOME> (180,315)
<EXPENSES-NET> 144,612
<NET-INVESTMENT-INCOME> 1,883,869
<REALIZED-GAINS-CURRENT> 263,278
<APPREC-INCREASE-CURRENT> 638,870
<NET-CHANGE-FROM-OPS> 2,786,017
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,904,920
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 375,317
<NUMBER-OF-SHARES-REDEEMED> 712,088
<SHARES-REINVESTED> 117,739
<NET-CHANGE-IN-ASSETS> (2,190,743)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 161,007
<AVERAGE-NET-ASSETS> 72,707,767
<PER-SHARE-NAV-BEGIN> 13.95
<PER-SHARE-NII> 0.365
<PER-SHARE-GAIN-APPREC> 0.173
<PER-SHARE-DIVIDEND> (0.368)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.12
<EXPENSE-RATIO> 0.93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> WRIGHT U.S. TREASURY NEAR TERM FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 100,416,790
<INVESTMENTS-AT-VALUE> 101,314,391
<RECEIVABLES> 102,079
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 101,416,470
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 257,388
<TOTAL-LIABILITIES> 257,388
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 118,453,385
<SHARES-COMMON-STOCK> 9,901,130
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 157,291
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (18,619,195)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,167,601
<NET-ASSETS> 101,159,082
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,264,710
<OTHER-INCOME> (271,672)
<EXPENSES-NET> 188,657
<NET-INVESTMENT-INCOME> 2,804,381
<REALIZED-GAINS-CURRENT> (351,200)
<APPREC-INCREASE-CURRENT> 188,706
<NET-CHANGE-FROM-OPS> 2,641,887
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,876,089
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 832,219
<NUMBER-OF-SHARES-REDEEMED> 1,134,285
<SHARES-REINVESTED> 186,908
<NET-CHANGE-IN-ASSETS> (1,405,714)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 222,606
<AVERAGE-NET-ASSETS> 101,877,604
<PER-SHARE-NAV-BEGIN> 10.24
<PER-SHARE-NII> 0.280
<PER-SHARE-GAIN-APPREC> (0.013)
<PER-SHARE-DIVIDEND> 0.267
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.22
<EXPENSE-RATIO> 0.91
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> WRIGHT TOTAL RETURN BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 87,975,846
<INVESTMENTS-AT-VALUE> 91,041,226
<RECEIVABLES> 1,441,799
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 237,637
<TOTAL-ASSETS> 92,720,662
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 130,548
<TOTAL-LIABILITIES> 130,548
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 88,900,103
<SHARES-COMMON-STOCK> 7,094,506
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 56,236
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 568,395
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,065,380
<NET-ASSETS> 92,590,114
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,640,512
<OTHER-INCOME> 0
<EXPENSES-NET> 377,477
<NET-INVESTMENT-INCOME> 2,263,035
<REALIZED-GAINS-CURRENT> 574,149
<APPREC-INCREASE-CURRENT> 470,124
<NET-CHANGE-FROM-OPS> 3,307,308
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,291,641
<DISTRIBUTIONS-OF-GAINS> 214,714
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,144,644
<NUMBER-OF-SHARES-REDEEMED> 402,187
<SHARES-REINVESTED> 166,014
<NET-CHANGE-IN-ASSETS> 12,586,451
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 169,329
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 396,137
<AVERAGE-NET-ASSETS> 85,455,992
<PER-SHARE-NAV-BEGIN> 12.93
<PER-SHARE-NII> 0.343
<PER-SHARE-GAIN-APPREC> 0.159
<PER-SHARE-DIVIDEND> (0.349)
<PER-SHARE-DISTRIBUTIONS> (0.033)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.05
<EXPENSE-RATIO> 0.89
<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
<SERIES>
<NUMBER> 4
<NAME> WRIGHT CURRENT INCOME FUND - STANDARD SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 105,676,306
<INVESTMENTS-AT-VALUE> 107,516,035
<RECEIVABLES> 719,724
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 108,235,759
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 185,931
<TOTAL-LIABILITIES> 185,931
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 107,425,390
<SHARES-COMMON-STOCK> 8,042,029
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (100,356)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,114,935)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,839,729
<NET-ASSETS> 85,571,232
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,572,341
<OTHER-INCOME> (276,372)
<EXPENSES-NET> 169,283
<NET-INVESTMENT-INCOME> 3,126,686
<REALIZED-GAINS-CURRENT> (68,152)
<APPREC-INCREASE-CURRENT> 103,908
<NET-CHANGE-FROM-OPS> 3,162,442
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,433,988
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,200,531
<NUMBER-OF-SHARES-REDEEMED> 503,389
<SHARES-REINVESTED> 177,569
<NET-CHANGE-IN-ASSETS> 10,031,557
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 188,443
<AVERAGE-NET-ASSETS> 76,691,373
<PER-SHARE-NAV-BEGIN> 10.63
<PER-SHARE-NII> 0.329
<PER-SHARE-GAIN-APPREC> 0.006
<PER-SHARE-DIVIDEND> (0.325)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.64
<EXPENSE-RATIO> 0.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> WRIGHT CURRENT INCOME FUND - INSTITUTIONAL SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 105,676,306
<INVESTMENTS-AT-VALUE> 107,516,035
<RECEIVABLES> 719,724
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 108,235,759
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 185,931
<TOTAL-LIABILITIES> 185,931
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 107,425,390
<SHARES-COMMON-STOCK> 2,223,512
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (100,356)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,114,935)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,839,729
<NET-ASSETS> 22,478,596
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,572,341
<OTHER-INCOME> (276,372)
<EXPENSES-NET> 169,283
<NET-INVESTMENT-INCOME> 3,126,686
<REALIZED-GAINS-CURRENT> (68,152)
<APPREC-INCREASE-CURRENT> (103,908)
<NET-CHANGE-FROM-OPS> 3,162,442
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 692,970
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 68,542
<NET-CHANGE-IN-ASSETS> 10,031,557
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 188,443
<AVERAGE-NET-ASSETS> 22,108,756
<PER-SHARE-NAV-BEGIN> 10.12
<PER-SHARE-NII> 0.313
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.323)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.11
<EXPENSE-RATIO> 0.82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> WRIGHT U.S. TREASURY MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 100,512,174
<INVESTMENTS-AT-VALUE> 100,512,174
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 49,042
<TOTAL-ASSETS> 100,561,216
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 397,311
<TOTAL-LIABILITIES> 397,311
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 100,163,905
<SHARES-COMMON-STOCK> 100,163,905
<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> 100,163,905
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,452,132
<OTHER-INCOME> 0
<EXPENSES-NET> 211,901
<NET-INVESTMENT-INCOME> 2,240,231
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,240,231
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,240,231
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 13,105,129
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 165,816
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 306,586
<AVERAGE-NET-ASSETS> 95,907,303
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.023
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.023)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
