MONTEREY MUTUAL FUND
NSAR-A/A, 1999-08-03
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<PAGE>      PAGE  1
000 A000000 05/31/99
000 C000000 0000745338
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 I000000 3.0
000 J000000 A
001 A000000 MONTEREY MUTUAL FUND
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001 C000000 8002511970
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007 C020300 CAMBORNE GOVERNMENT INCOME
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<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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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  9
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<PAGE>      PAGE  10
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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  21
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070 I010800 N
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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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070 D020900 N
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070 E020900 N
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070 F020900 N
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070 H020900 N
070 I010900 N
070 I020900 N
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<PAGE>      PAGE  44
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SIGNATURE   JAMES COLANTINO
TITLE       SENIOR ADMINISTRATOR


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000745338
<NAME> MONTEREY MUTUAL FUND
<SERIES>
   <NUMBER> 1
   <NAME> MURPHY NEW WORLD TECHNOLOGY CONVERTIBLES
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000745338
<NAME> MONTEREY MUTUAL FUNDS
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000745338
<NAME> MONTEREY MUTUAL FUNDS
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000745338
<NAME> MONTEREY MUTUAL FUND
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000745338
<NAME> MONTEREY MUTUAL FUND
<SERIES>
   <NUMBER> 5
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000745338
<NAME> MONTEREY MUTUAL FUND
<SERIES>
   <NUMBER> 6
   <NAME> MURPHY NEW WORLD TECHNOLOGY
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000745338
<NAME> MONTEREY MUTUAL FUND
<SERIES>
   <NUMBER> 7
   <NAME> PIA SHORT TERM GOVERNMENT SECURITIES
<MULTIPLIER> 1

<S>                             <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000745338
<NAME> MONTEREY MUTUAL FUND
<SERIES>
   <NUMBER> 8
   <NAME> PIA GLOBAL BOND
<MULTIPLIER> 1

<S>                             <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000745338
<NAME> MONTEREY MUTUAL FUND
<SERIES>
   <NUMBER> 9
   <NAME> PIA TOTAL RETURN BOND
<MULTIPLIER> 1

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</TABLE>


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