<PAGE> PAGE 1
000 A000000 04/30/97
000 C000000 0000763727
000 D000000 N
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007 C010300 3
007 C020300 THE RIGHTIME BLUE CHIP FUND
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007 C010400 4
007 C020400 THE RIGHTIME SOCIAL AWARENESS FUND
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007 C010500 5
007 C020500 THE RIGHTIME MIDCAP FUND
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007 C010600 6
007 C010700 7
007 C010800 8
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007 C011000 10
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<PAGE> PAGE 2
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013 A00AA01 TAIT, WELLER & BAKER
013 B01AA01 PHILADELPHIA
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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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 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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SIGNATURE THOMAS FORST
TITLE ASSISTANT SECRETARY
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<NAME> RIGHTIME FUND
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<NAME> RIGHTIME GOVERNMENT SECURITIES FUND
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