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<PAGE> PAGE 2
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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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 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 20
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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SIGNATURE THOMAS FORST
TITLE ASSISTANT SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> RIGHTIME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 165,271,808
<INVESTMENTS-AT-VALUE> 169,053,023
<RECEIVABLES> 313,112
<ASSETS-OTHER> 37,527
<OTHER-ITEMS-ASSETS> 6,472
<TOTAL-ASSETS> 169,410,134
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 479,944
<TOTAL-LIABILITIES> 479,944
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 128,912,346
<SHARES-COMMON-STOCK> 4,330,397
<SHARES-COMMON-PRIOR> 4,233,065
<ACCUMULATED-NII-CURRENT> 157,958
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 36,511,671
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,348,215
<NET-ASSETS> 168,930,190
<DIVIDEND-INCOME> 4,678,776
<INTEREST-INCOME> 533,054
<OTHER-INCOME> 0
<EXPENSES-NET> 1,991,919
<NET-INVESTMENT-INCOME> 3,219,911
<REALIZED-GAINS-CURRENT> 36,551,412
<APPREC-INCREASE-CURRENT> (26,295,369)
<NET-CHANGE-FROM-OPS> 13,475,954
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,061,953
<DISTRIBUTIONS-OF-GAINS> 3,942,772
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 228,608
<NUMBER-OF-SHARES-REDEEMED> 318,843
<SHARES-REINVESTED> 187,567
<NET-CHANGE-IN-ASSETS> 9,964,151
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 3,903,031
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 408,834
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,991,919
<AVERAGE-NET-ASSETS> 164,560,601
<PER-SHARE-NAV-BEGIN> 37.55
<PER-SHARE-NII> .74
<PER-SHARE-GAIN-APPREC> 2.39
<PER-SHARE-DIVIDEND> .73
<PER-SHARE-DISTRIBUTIONS> .94
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 39.01
<EXPENSE-RATIO> 2.43
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> RIGHTIME GOVERNMENT SECURITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 14,674,812
<INVESTMENTS-AT-VALUE> 14,167,960
<RECEIVABLES> 166,264
<ASSETS-OTHER> 5,811
<OTHER-ITEMS-ASSETS> 9,593
<TOTAL-ASSETS> 14,349,628
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 53,254
<TOTAL-LIABILITIES> 53,254
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19,842,653
<SHARES-COMMON-STOCK> 1,126,796
<SHARES-COMMON-PRIOR> 1,426,333
<ACCUMULATED-NII-CURRENT> 4,613
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,453,103)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (97,789)
<NET-ASSETS> 14,296,374
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 522,646
<OTHER-INCOME> 0
<EXPENSES-NET> 164,670
<NET-INVESTMENT-INCOME> 357,976
<REALIZED-GAINS-CURRENT> 823,260
<APPREC-INCREASE-CURRENT> (1,139,211)
<NET-CHANGE-FROM-OPS> 42,025
<EQUALIZATION> (12,560)
<DISTRIBUTIONS-OF-INCOME> 468,154
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 38,723
<NUMBER-OF-SHARES-REDEEMED> 371,440
<SHARES-REINVESTED> 33,180
<NET-CHANGE-IN-ASSETS> (4,336,485)
<ACCUMULATED-NII-PRIOR> 127,351
<ACCUMULATED-GAINS-PRIOR> (6,276,363)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 33,384
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 164,670
<AVERAGE-NET-ASSETS> 16,748,506
<PER-SHARE-NAV-BEGIN> 13.06
<PER-SHARE-NII> .32
<PER-SHARE-GAIN-APPREC> (.32)
<PER-SHARE-DIVIDEND> .37
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.69
<EXPENSE-RATIO> 1.97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> RIGHTIME BLUE CHIP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 242,179,649
<INVESTMENTS-AT-VALUE> 274,598,829
<RECEIVABLES> 765,586
<ASSETS-OTHER> 59,768
<OTHER-ITEMS-ASSETS> 79,407
<TOTAL-ASSETS> 275,503,588
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 895,315
<TOTAL-LIABILITIES> 895,315
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 204,304,655
<SHARES-COMMON-STOCK> 7,845,199
<SHARES-COMMON-PRIOR> 7,600,332
<ACCUMULATED-NII-CURRENT> 899,154
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 39,141,284
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 30,263,180
<NET-ASSETS> 274,608,273
<DIVIDEND-INCOME> 2,655,411
<INTEREST-INCOME> 1,011,723
<OTHER-INCOME> 0
<EXPENSES-NET> 2,751,744
<NET-INVESTMENT-INCOME> 915,390
<REALIZED-GAINS-CURRENT> 39,138,573
<APPREC-INCREASE-CURRENT> (14,194,162)
<NET-CHANGE-FROM-OPS> 25,859,801
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,080,605
<DISTRIBUTIONS-OF-GAINS> 7,029,015
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 431,858
<NUMBER-OF-SHARES-REDEEMED> 455,836
<SHARES-REINVESTED> 268,845
<NET-CHANGE-IN-ASSETS> 24,989,002
<ACCUMULATED-NII-PRIOR> 2,064,369
<ACCUMULATED-GAINS-PRIOR> 7,031,726
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 666,519
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,751,744
<AVERAGE-NET-ASSETS> 268,259,004
<PER-SHARE-NAV-BEGIN> 32.84
<PER-SHARE-NII> .12
<PER-SHARE-GAIN-APPREC> 3.25
<PER-SHARE-DIVIDEND> .28
<PER-SHARE-DISTRIBUTIONS> .93
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 35
<EXPENSE-RATIO> 2.06
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> RIGHTIME SOCIAL AWARENESS FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 8,072,228
<INVESTMENTS-AT-VALUE> 8,072,228
<RECEIVABLES> 9,883
<ASSETS-OTHER> 1,790
<OTHER-ITEMS-ASSETS> 61,548
<TOTAL-ASSETS> 8,145,449
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 68,309
<TOTAL-LIABILITIES> 68,930
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,102,171
<SHARES-COMMON-STOCK> 226,431
<SHARES-COMMON-PRIOR> 227,939
<ACCUMULATED-NII-CURRENT> 4,945
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,970,024
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 8,077,140
<DIVIDEND-INCOME> 61,393
<INTEREST-INCOME> 36,598
<OTHER-INCOME> 0
<EXPENSES-NET> 93,046
<NET-INVESTMENT-INCOME> 4,945
<REALIZED-GAINS-CURRENT> 1,969,194
<APPREC-INCREASE-CURRENT> (1,100,218)
<NET-CHANGE-FROM-OPS> 873,921
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 126,791
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16,752
<NUMBER-OF-SHARES-REDEEMED> 21,974
<SHARES-REINVESTED> 3,714
<NET-CHANGE-IN-ASSETS> 699,077
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 127,621
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 19,545
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 93,046
<AVERAGE-NET-ASSETS> 7,863,787
<PER-SHARE-NAV-BEGIN> 32.37
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 3.84
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .56
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 35.67
<EXPENSE-RATIO> 2.37
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> RIGHTIME MIDCAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 79,918,370
<INVESTMENTS-AT-VALUE> 79,918,370
<RECEIVABLES> 258,279
<ASSETS-OTHER> 22,064
<OTHER-ITEMS-ASSETS> 81,460
<TOTAL-ASSETS> 80,280,173
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 205,853
<TOTAL-LIABILITIES> 205,853
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63,879,871
<SHARES-COMMON-STOCK> 2,330,524
<SHARES-COMMON-PRIOR> 2,278,756
<ACCUMULATED-NII-CURRENT> 108,026
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 16,086,423
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 80,074,320
<DIVIDEND-INCOME> 569,517
<INTEREST-INCOME> 419,451
<OTHER-INCOME> 0
<EXPENSES-NET> 848,250
<NET-INVESTMENT-INCOME> 140,718
<REALIZED-GAINS-CURRENT> 15,793,133
<APPREC-INCREASE-CURRENT> (9,976,725)
<NET-CHANGE-FROM-OPS> 5,957,126
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 328,544
<DISTRIBUTIONS-OF-GAINS> 2,345,087
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 125,978
<NUMBER-OF-SHARES-REDEEMED> 154,871
<SHARES-REINVESTED> 80,661
<NET-CHANGE-IN-ASSETS> 4,988,025
<ACCUMULATED-NII-PRIOR> 295,852
<ACCUMULATED-GAINS-PRIOR> 2,638,377
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 195,256
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 848,250
<AVERAGE-NET-ASSETS> 78,572,732
<PER-SHARE-NAV-BEGIN> 32.95
<PER-SHARE-NII> .06
<PER-SHARE-GAIN-APPREC> 2.53
<PER-SHARE-DIVIDEND> .15
<PER-SHARE-DISTRIBUTIONS> 1.03
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 34.36
<EXPENSE-RATIO> 2.17
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
