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<PAGE> PAGE 2
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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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
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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008 A000501 A
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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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<PAGE> PAGE 31
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<PAGE> PAGE 32
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008 A000701 TNE ADVISERS, INC.
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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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084 B000800 0
085 A000800 N
085 B000800 N
008 A000901 TNE ADVISERS, INC.
008 B000901 A
008 C000901 801-47459
008 D010901 BOSTON
008 D020901 MA
008 D030901 02117
008 A000902 LOOMIS SAYLES & COMPANY, L.P.
008 B000902 S
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008 D010902 BOSTON
008 D020902 MA
008 D030902 02111
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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064 B000900 N
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066 B000900 N
066 C000900 N
066 D000900 N
066 E000900 Y
066 F000900 N
066 G000900 N
067 000900 Y
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
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070 C020900 N
070 D010900 Y
<PAGE> PAGE 44
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 N
070 K020900 N
070 L010900 Y
070 L020900 N
070 M010900 Y
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 Y
070 R020900 N
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<PAGE> PAGE 45
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<PAGE> PAGE 46
076 000900 0.00
080 A000900 CASTLE UNDERWRITING AGENTS
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083 A000900 N
083 B000900 0
084 A000900 N
084 B000900 0
085 A000900 N
085 B000900 N
008 A001001 TNE ADVISERS, INC.
008 B001001 A
008 C001001 801-47459
008 D011001 BOSTON
008 D021001 MA
008 D031001 02117
008 A001002 DRAYCOTT PARTNERS, LTD.
008 B001002 S
008 C001002 801-39109
008 D011002 LONDON
008 D051002 GREAT BRITAIN
008 D061002 EC2Y 1HE
024 001000 N
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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070 A021000 Y
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070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 N
070 K021000 N
070 L011000 Y
070 L021000 Y
070 M011000 Y
070 M021000 Y
070 N011000 Y
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<PAGE> PAGE 49
070 Q021000 N
070 R011000 Y
070 R021000 N
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<PAGE> PAGE 50
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084 A001000 N
084 B001000 0
085 A001000 N
085 B001000 N
008 A001101 TNE ADVISERS, INC.
008 B001101 A
008 C001101 801-47459
008 D011101 BOSTON
008 D021101 MA
008 D031101 02117
008 A001102 SALOMON BROTHERS ASSET MANAGEMENT, INC.
008 B001102 S
008 C001102 801-32046
008 D011102 NEW YORK
008 D021102 NY
008 D031102 10048
024 001100 N
<PAGE> PAGE 51
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<PAGE> PAGE 52
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<PAGE> PAGE 53
070 G011100 Y
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070 H021100 N
070 I011100 N
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070 J021100 N
070 K011100 N
070 K021100 N
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070 L021100 N
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<PAGE> PAGE 54
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<PAGE> PAGE 55
082 A001100 N
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083 A001100 N
083 B001100 0
084 A001100 N
084 B001100 0
085 A001100 N
085 B001100 N
008 A001201 TNE ADVISERS, INC.
008 B001201 A
008 C001201 801-47459
008 D011201 BOSTON
008 D021201 MA
008 D031201 02117
008 A001202 SALOMON BROTHERS ASSET MANAGEMENT, INC.
008 B001202 S
008 C001202 801-32046
008 D011202 NEW YORK
008 D021202 NY
008 D031202 10048
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<PAGE> PAGE 56
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<PAGE> PAGE 57
063 A001200 0
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<PAGE> PAGE 58
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<PAGE> PAGE 59
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008 A001301 TNE ADVISERS, INC.
008 B001301 A
008 C001301 801-47459
008 D011301 BOSTON
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<PAGE> PAGE 60
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<PAGE> PAGE 61
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<PAGE> PAGE 62
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<PAGE> PAGE 63
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<PAGE> PAGE 64
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008 A001401 TNE ADVISERS, INC.
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<PAGE> PAGE 65
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<PAGE> PAGE 66
066 A001400 Y
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<PAGE> PAGE 67
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<PAGE> PAGE 68
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SIGNATURE PAUL MCCLINTOCK
TITLE FUND ADMIN. MANAGER
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<CIK> 0000719211
<NAME> NE ZENITH FUNDS
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<NAME> NE VALUE GROWTH
<S> <C>
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<ARTICLE> 6
<CIK> 0000719211
<NAME> NE ZENITH FUNDS
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<NUMBER> 08
<NAME> NE ZENITH SMALL CAP FUND
<S> <C>
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<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000719211
<NAME> NE ZENITH FUNDS
<SERIES>
<NUMBER> 09
<NAME> NE ZENITH BALANCED FUND
<S> <C>
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<CIK> 0000719211
<NAME> NE ZENITH FUNDS
<SERIES>
<NUMBER> 10
<NAME> NE ZENITH INTERNATIONAL EQUITY FUND
<S> <C>
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<ARTICLE> 6
<CIK> 0000719211
<NAME> NE ZENITH FUNDS
<SERIES>
<NUMBER> 11
<NAME> NE ZENITH US GOVT FUND
<S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<CIK> 0000719211
<NAME> NE ZENITH FUNDS
<SERIES>
<NUMBER> 12
<NAME> NE ZENITH STRATEGIC EQUITY OPPORTUNITIES FUND
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1996
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<ARTICLE> 6
<CIK> 0000719211
<NAME> NE ZENITH FUNDS
<SERIES>
<NUMBER> 12
<NAME> NE ZENITH VENTURE VALUE FUND
<S> <C>
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<CIK> 0000719211
<NAME> NE ZENITH FUNDS
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<NAME> NE ZENITH EQUITY GROWTH FUND
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