MONTEREY MUTUAL FUND
NSAR-A, 1998-07-30
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<PAGE>      PAGE  1
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<PAGE>      PAGE  2
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<PAGE>      PAGE  7
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  15
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<PAGE>      PAGE  20
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<PAGE>      PAGE  22
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<PAGE>      PAGE  38
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SIGNATURE   JAMES COLANTINO                              
TITLE       SENIOR ADMINISTRATOR
 


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