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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 17
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<PAGE> PAGE 19
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<PAGE> PAGE 21
028 C040500 12112
028 D010500 12106
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028 D040500 14167
028 E010500 21382
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028 F030500 0
028 F040500 17668
028 G010500 115360
028 G020500 1390
028 G030500 0
028 G040500 125971
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
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048 F010500 0
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048 H020500 0.000
048 I010500 0
048 I020500 0.000
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048 J020500 0.000
048 K010500 0
048 K020500 0.000
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050 000500 N
<PAGE> PAGE 22
051 000500 N
052 000500 N
053 A000500 Y
053 B000500 N
053 C000500 Y
054 A000500 Y
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
055 A000500 N
055 B000500 N
056 000500 Y
057 000500 N
058 A000500 N
059 000500 Y
060 A000500 N
060 B000500 N
061 000500 1000
062 A000500 Y
062 B000500 99.0
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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 1.0
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 79
063 B000500 0.0
064 A000500 N
070 A010500 Y
<PAGE> PAGE 23
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
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 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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SIGNATURE WILLIAM J. AUSTIN, JR.
TITLE ASST. TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 001
<NAME> WRIGHT U.S. TREASURY FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 62,258,422
<INVESTMENTS-AT-VALUE> 67,329,641
<RECEIVABLES> 33,997
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 67,363,638
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 107,280
<TOTAL-LIABILITIES> 107,280
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 61,962,317
<SHARES-COMMON-STOCK> 4,671,354
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 222,822
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,071,219
<NET-ASSETS> 67,256,358
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,312,872
<OTHER-INCOME> (468,301)
<EXPENSES-NET> 281,904
<NET-INVESTMENT-INCOME> 3,662,667
<REALIZED-GAINS-CURRENT> 984,728
<APPREC-INCREASE-CURRENT> 2,386,702
<NET-CHANGE-FROM-OPS> 7,034,097
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,755,230
<DISTRIBUTIONS-OF-GAINS> 751,891
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,939,601
<NUMBER-OF-SHARES-REDEEMED> (877,670)
<SHARES-REINVESTED> 206,796
<NET-CHANGE-IN-ASSETS> (6,901,699)
<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> 293,149
<AVERAGE-NET-ASSETS> 72,133,987
<PER-SHARE-NAV-BEGIN> 13.95
<PER-SHARE-NII> 0.725
<PER-SHARE-GAIN-APPREC> 0.632
<PER-SHARE-DIVIDEND> (0.742)
<PER-SHARE-DISTRIBUTIONS> (0.165)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.40
<EXPENSE-RATIO> 0.94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 002
<NAME> WRIGHT U.S. GOVERNMENT NEAR TERM FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 90,640,832
<INVESTMENTS-AT-VALUE> 92,199,965
<RECEIVABLES> 102,272
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 92,302,237
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 380,693
<TOTAL-LIABILITIES> 380,693
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 105,354,342
<SHARES-COMMON-STOCK> 8,946,956
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (2,733)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (14,987,198)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,559,133
<NET-ASSETS> 91,921,544
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6,293,373
<OTHER-INCOME> (545,380)
<EXPENSES-NET> 366,637
<NET-INVESTMENT-INCOME> 5,381,356
<REALIZED-GAINS-CURRENT> (45,687)
<APPREC-INCREASE-CURRENT> 580,238
<NET-CHANGE-FROM-OPS> 5,915,907
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,565,401
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,605,556
<NUMBER-OF-SHARES-REDEEMED> (2,989,009)
<SHARES-REINVESTED> 314,121
<NET-CHANGE-IN-ASSETS> (10,643,252)
<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> 399,579
<AVERAGE-NET-ASSETS> 101,613,600
<PER-SHARE-NAV-BEGIN> 10.24
<PER-SHARE-NII> 0.549
<PER-SHARE-GAIN-APPREC> 0.048
<PER-SHARE-DIVIDEND> (0.567)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.27
<EXPENSE-RATIO> 0.88
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 003
<NAME> WRIGHT TOTAL RETURN BOND FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 109,135,836
<INVESTMENTS-AT-VALUE> 114,534,261
<RECEIVABLES> 1,712,953
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 4,178
<TOTAL-ASSETS> 116,251,392
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 314,042
<TOTAL-LIABILITIES> 314,042
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 110,549,840
<SHARES-COMMON-STOCK> 8,707,706
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (10,334)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (581)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,398,425
<NET-ASSETS> 115,937,350
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,730,454
<OTHER-INCOME> 0
<EXPENSES-NET> 845,079
<NET-INVESTMENT-INCOME> 4,885,375
<REALIZED-GAINS-CURRENT> 839,997
<APPREC-INCREASE-CURRENT> 2,803,169
<NET-CHANGE-FROM-OPS> 8,528,541
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,935,698
<DISTRIBUTIONS-OF-GAINS> 1,055,674
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,355,655
<NUMBER-OF-SHARES-REDEEMED> 1,178,486
<SHARES-REINVESTED> 344,502
<NET-CHANGE-IN-ASSETS> 35,933,687
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 377,910
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 845,079
<AVERAGE-NET-ASSETS> 94,131,462
<PER-SHARE-NAV-BEGIN> 12.93
<PER-SHARE-NII> 0.680
<PER-SHARE-GAIN-APPREC> 0.524
<PER-SHARE-DIVIDEND> (0.690)
<PER-SHARE-DISTRIBUTIONS> (0.134)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.31
<EXPENSE-RATIO> 0.90
<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> 004
<NAME> WRIGHT CURRENT INCOME FUND - STANDARD SHARES
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 111,564,176
<INVESTMENTS-AT-VALUE> 113,706,741
<RECEIVABLES> 62,315
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 113,769,056
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 276,303
<TOTAL-LIABILITIES> 276,303
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 112,634,632
<SHARES-COMMON-STOCK> 8,466,035
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (230,835)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,053,609)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,142,565
<NET-ASSETS> 90,261,516
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,361,461
<OTHER-INCOME> (586,048)
<EXPENSES-NET> 339,056
<NET-INVESTMENT-INCOME> 6,436,356
<REALIZED-GAINS-CURRENT> (142,545)
<APPREC-INCREASE-CURRENT> 406,744
<NET-CHANGE-FROM-OPS> 6,700,555
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,067,736
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,537,930
<NUMBER-OF-SHARES-REDEEMED> 2,892,503
<SHARES-REINVESTED> 323,638
<NET-CHANGE-IN-ASSETS> 13,841,664
<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> 357,191
<AVERAGE-NET-ASSETS> 83,900,236
<PER-SHARE-NAV-BEGIN> 10.63
<PER-SHARE-NII> 0.643
<PER-SHARE-GAIN-APPREC> 0.028
<PER-SHARE-DIVIDEND> (0.641)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.66
<EXPENSE-RATIO> 0.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 004
<NAME> WRIGHT CURRENT INCOME FUND - INSTITUTIONAL SHARES
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 111,564,176
<INVESTMENTS-AT-VALUE> 113,706,741
<RECEIVABLES> 62,315
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 113,769,056
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 276,303
<TOTAL-LIABILITIES> 276,303
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 112,634,632
<SHARES-COMMON-STOCK> 2,289,544
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (230,835)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,053,609)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,142,565
<NET-ASSETS> 23,231,237
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,361,461
<OTHER-INCOME> (586,048)
<EXPENSES-NET> 339,056
<NET-INVESTMENT-INCOME> 6,436,356
<REALIZED-GAINS-CURRENT> (142,545)
<APPREC-INCREASE-CURRENT> 406,744
<NET-CHANGE-FROM-OPS> 6,700,555
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,363,652
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 134,484
<NET-CHANGE-IN-ASSETS> 1,363,651
<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> 357,191
<AVERAGE-NET-ASSETS> 22,467,609
<PER-SHARE-NAV-BEGIN> 10.12
<PER-SHARE-NII> 0.645
<PER-SHARE-GAIN-APPREC> 0.023
<PER-SHARE-DIVIDEND> (0.641)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.15
<EXPENSE-RATIO> 0.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 005
<NAME> WRIGHT U.S. TREASURY MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 90,403,626
<INVESTMENTS-AT-VALUE> 90,403,626
<RECEIVABLES> 1,020,564
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 3,348
<TOTAL-ASSETS> 91,427,538
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 54,137
<TOTAL-LIABILITIES> 54,137
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 91,322,992
<SHARES-COMMON-STOCK> 91,322,992
<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> 91,322,992
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,769,733
<OTHER-INCOME> 0
<EXPENSES-NET> 422,590
<NET-INVESTMENT-INCOME> 4,347,143
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 4,347,143
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,347,143
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,264,216
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 329,520
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 576,986
<AVERAGE-NET-ASSETS> 92,293,737
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.046
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.046)
<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>