<PAGE> PAGE 1
000 A000000 04/30/98
000 C000000 0000763727
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 THE RIGHTIME FUND INC
001 B000000 811-4231
001 C000000 2158878111
002 A000000 218 GLENSIDE AVENUE
002 B000000 WYNCOTE
002 C000000 PA
002 D010000 19095
002 D020000 1595
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 5
007 C010100 1
007 C020100 THE RIGHTIME FUND
007 C030100 N
007 C010200 2
007 C020200 THE RIGHTIME GOVERNMENT SECURITIES FUND
007 C030200 Y
007 C010300 3
007 C020300 THE RIGHTIME BLUE CHIP FUND
007 C030300 N
007 C010400 4
007 C020400 THE RIGHTIME SOCIAL AWARENESS FUND
007 C030400 N
007 C010500 5
007 C020500 THE RIGHTIME MIDCAP FUND
007 C030500 N
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 RIGHTIME ECONOMETRICS INC.
008 B00AA01 A
008 C00AA01 801-22127
008 D01AA01 RYDAL
008 D02AA01 PA
008 D03AA01 19046
010 A00AA01 RIGHTIME ADMINISTRATORS
010 C01AA01 WYNCOTE
<PAGE> PAGE 2
010 C02AA01 PA
010 C03AA01 19095
010 C04AA01 1595
011 A00AA01 LINCOLN INVESTMENT PLANNING INC
011 B00AA01 8-14354
011 C01AA01 WYNCOTE
011 C02AA01 PA
011 C03AA01 19095
011 C04AA01 1595
012 A00AA01 LINCOLN INVESTMENT PLANNING
012 B00AA01 84-1440
012 C01AA01 WYNCOTE
012 C02AA01 PA
012 C03AA01 19095
012 C04AA01 1595
013 A00AA01 TAIT, WELLER & BAKER
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
015 A00AA01 CORESTATES BANK
015 B00AA01 C
015 C01AA01 PHILADELPHIA
015 C02AA01 PA
015 C03AA01 19106
015 E01AA01 X
018 00AA00 N
019 A00AA00 N
019 B00AA00 0
020 A000001 MORGAN STANLEY & COMPANY
020 B000001 132655998
020 C000001 41
020 A000002 SMITH BARNEY INC.
020 B000002 131912900
020 C000002 4
020 A000003 LEHMAN BROTHERS INC.
020 B000003 132518466
020 C000003 4
020 A000004 SPEAR, LEEDS & KELLOG
020 B000004 135515160
020 C000004 2
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 51
022 A000001 SANWA BGK SECURITIES
022 B000001 133154528
022 C000001 1699555
022 D000001 0
<PAGE> PAGE 3
022 A000002 CS FIRST BOSTON
022 B000002 135659485
022 C000002 631706
022 D000002 0
022 A000003 LINCOLN INVESTMENT PLANNING, INC.
022 B000003 231702591
022 C000003 23190
022 D000003 35678
022 A000004 SMITH BARNEY INC.
022 B000004 131912900
022 C000004 18134
022 D000004 0
022 A000005 NATIONS BANK
022 B000005 561684171
022 C000005 11059
022 D000005 1051
022 A000006 LEHMAN BROTHERS INC.
022 B000006 132518466
022 C000006 0
022 D000006 24993
022 A000007 MORGAN STANLEY & COMPANY
022 B000007 132655998
022 C000007 0
022 D000007 11376
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 2383644
023 D000000 73561
024 00AA00 N
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025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
<PAGE> PAGE 4
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 Y
040 00AA00 Y
041 00AA00 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
077 A000000 N
028 A010100 527
028 A020100 0
028 A030100 0
028 A040100 5184
028 B010100 451
028 B020100 1543
028 B030100 0
028 B040100 5294
028 C010100 242
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028 C030100 0
028 C040100 6641
028 D010100 205
028 D020100 0
028 D030100 0
028 D040100 5861
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028 F010100 453
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028 F030100 0
028 F040100 5249
028 G010100 2400
028 G020100 1543
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028 G040100 33848
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029 000100 N
030 A000100 0
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042 A000100 0
<PAGE> PAGE 5
042 B000100 0
042 C000100 100
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 440
044 000100 0
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
066 A000100 Y
066 E000100 Y
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
071 A000100 23190
071 B000100 31978
071 C000100 101363
071 D000100 23
072 A000100 6
072 B000100 441
072 C000100 1799
072 D000100 0
072 E000100 0
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072 G000100 557
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072 K000100 1
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<PAGE> PAGE 6
072 O000100 0
072 P000100 0
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072 R000100 10
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072 T000100 440
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072DD020100 0
072EE000100 0
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073 A020100 0.0000
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073 C000100 0.0000
074 A000100 37
074 B000100 4250
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074 D000100 0
074 E000100 0
074 F000100 0
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074 J000100 0
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074 N000100 112401
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<PAGE> PAGE 7
074 X000100 9827
074 Y000100 0
075 A000100 0
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076 000100 0.00
028 A010200 56
028 A020200 22
028 A030200 0
028 A040200 181
028 B010200 47
028 B020200 43
028 B030200 0
028 B040200 246
028 C010200 31
028 C020200 18
028 C030200 0
028 C040200 200
028 D010200 29
028 D020200 18
028 D030200 0
028 D040200 250
028 E010200 27
028 E020200 17
028 E030200 0
028 E040200 290
028 F010200 34
028 F020200 17
028 F030200 0
028 F040200 320
028 G010200 224
028 G020200 135
028 G030200 0
028 G040200 1487
028 H000200 151
029 000200 Y
030 A000200 7
030 B000200 4.75
030 C000200 0.00
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032 000200 0
033 000200 6
042 A000200 0
042 B000200 0
042 C000200 100
042 D000200 0
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043 000200 10
<PAGE> PAGE 8
044 000200 0
062 A000200 Y
062 B000200 7.0
062 C000200 0.0
062 D000200 11.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 1.0
062 M000200 81.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 20.5
064 A000200 N
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
071 A000200 0
071 B000200 1051
071 C000200 6549
071 D000200 0
072 A000200 6
072 B000200 236
072 C000200 0
072 D000200 0
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072 F000200 16
072 G000200 29
072 H000200 0
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072 J000200 2
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<PAGE> PAGE 9
072 T000200 10
072 U000200 0
072 V000200 0
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072 X000200 87
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072AA000200 125
072BB000200 0
072CC010200 54
072CC020200 0
072DD010200 169
072DD020200 0
072EE000200 0
073 A010200 0.2600
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 1
074 B000200 796
074 C000200 495
074 D000200 5801
074 E000200 0
074 F000200 0
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074 M000200 3
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074 R030200 0
074 R040200 27
074 S000200 0
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074 U020200 0
074 V010200 12.10
074 V020200 0.00
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<PAGE> PAGE 10
028 A010300 1410
028 A020300 0
028 A030300 0
028 A040300 6646
028 B010300 1866
028 B020300 131
028 B030300 0
028 B040300 7226
028 C010300 2383
028 C020300 0
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028 C040300 8404
028 D010300 1231
028 D020300 0
028 D030300 0
028 D040300 8426
028 E010300 1673
028 E020300 0
028 E030300 0
028 E040300 8909
028 F010300 1555
028 F020300 0
028 F030300 0
028 F040300 6780
028 G010300 10118
028 G020300 131
028 G030300 0
028 G040300 46391
028 H000300 5217
029 000300 Y
030 A000300 248
030 B000300 4.75
030 C000300 0.00
031 A000300 29
031 B000300 0
032 000300 5
033 000300 214
042 A000300 0
042 B000300 0
042 C000300 100
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 650
044 000300 0
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
<PAGE> PAGE 11
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
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062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
066 A000300 Y
066 E000300 Y
067 000300 N
068 A000300 N
068 B000300 N
069 000300 Y
071 A000300 18911
071 B000300 61315
071 C000300 244037
071 D000300 8
072 A000300 6
072 B000300 362
072 C000300 1914
072 D000300 0
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072 F000300 650
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072 H000300 0
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072 T000300 650
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072 X000300 2676
072 Y000300 0
072 Z000300 -400
072AA000300 33154
<PAGE> PAGE 12
072BB000300 681
072CC010300 18260
072CC020300 0
072DD010300 132
072DD020300 0
072EE000300 0
073 A010300 0.0200
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 2509
074 C000300 1979
074 D000300 0
074 E000300 0
074 F000300 238348
074 G000300 0
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074 L000300 26049
074 M000300 62
074 N000300 268947
074 O000300 0
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074 T000300 268446
074 U010300 6867
074 U020300 0
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076 000300 0.00
028 A010400 51
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<PAGE> PAGE 13
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030 A000400 22
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042 A000400 0
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<PAGE> PAGE 14
062 M000400 0.0
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067 000400 N
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069 000400 N
071 A000400 3216
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<PAGE> PAGE 15
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028 B020500 2020
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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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SIGNATURE CURT HARTRANFT
TITLE ASSISTANT SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE RIGHTIME FAMILY OF FUNDS EXHIBIT 27 - FINANCIAL DATA SCHEDULE.
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT TO SHAREHOLDERS DATED APRIL 30, 1998 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL INFORMATION.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> RIGHTIME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 92,351,223
<INVESTMENTS-AT-VALUE> 112,040,843
<RECEIVABLES> 284,567
<ASSETS-OTHER> 38,106
<OTHER-ITEMS-ASSETS> 37,555
<TOTAL-ASSETS> 112,401,071
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 179,403
<TOTAL-LIABILITIES> 179,403
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 96,273,499
<SHARES-COMMON-STOCK> 3,264,293
<SHARES-COMMON-PRIOR> 4,207,224
<ACCUMULATED-NII-CURRENT> 792,318
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,032,319)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 20,188,170
<NET-ASSETS> 112,221,668
<DIVIDEND-INCOME> 440,634
<INTEREST-INCOME> 1,799,114
<OTHER-INCOME> 0
<EXPENSES-NET> (1,445,830)
<NET-INVESTMENT-INCOME> 793,318
<REALIZED-GAINS-CURRENT> 11,307,937
<APPREC-INCREASE-CURRENT> 5,611,038
<NET-CHANGE-FROM-OPS> 17,712,893
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,588,165)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 75,597
<NUMBER-OF-SHARES-REDEEMED> (1,069,224)
<SHARES-REINVESTED> 50,696
<NET-CHANGE-IN-ASSETS> (13,780,139)
<ACCUMULATED-NII-PRIOR> 1,586,565
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (16,340,256)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 293,143
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 293,143
<AVERAGE-NET-ASSETS> 155,596,183
<PER-SHARE-NAV-BEGIN> 29.95
<PER-SHARE-NII> 0.24
<PER-SHARE-GAIN-APPREC> 4.6
<PER-SHARE-DIVIDEND> 0.41
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 34.38
<EXPENSE-RATIO> 2.47
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE RIGHTIME FAMILY OF FUNDS EXHIBIT 27 - FINANCIAL DATA SCHEDULE.
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT TO SHAREHOLDERS DATED APRIL 30, 1998 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL INFORMATION.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> RIGHTIME GOVERNMENT SECURITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 6,479,493
<INVESTMENTS-AT-VALUE> 7,092,203
<RECEIVABLES> 93,959
<ASSETS-OTHER> 3,127
<OTHER-ITEMS-ASSETS> 794
<TOTAL-ASSETS> 7,190,083
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 26,971
<TOTAL-LIABILITIES> 26,971
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13,185,455
<SHARES-COMMON-STOCK> 591,789
<SHARES-COMMON-PRIOR> 684,505
<ACCUMULATED-NII-CURRENT> 2,991
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6,646,169)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 620,835
<NET-ASSETS> 7,163,112
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 236,373
<OTHER-INCOME> 0
<EXPENSES-NET> (87,286)
<NET-INVESTMENT-INCOME> 149,087
<REALIZED-GAINS-CURRENT> 125,202
<APPREC-INCREASE-CURRENT> 54,304
<NET-CHANGE-FROM-OPS> 328,593
<EQUALIZATION> (1,356)
<DISTRIBUTIONS-OF-INCOME> (168,841)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 18,569
<NUMBER-OF-SHARES-REDEEMED> (122,363)
<SHARES-REINVESTED> 11,078
<NET-CHANGE-IN-ASSETS> (969,175)
<ACCUMULATED-NII-PRIOR> 24,101
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (6,771,371)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 15,576
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 15,576
<AVERAGE-NET-ASSETS> 8,270,388
<PER-SHARE-NAV-BEGIN> 11.88
<PER-SHARE-NII> 0.25
<PER-SHARE-GAIN-APPREC> 0.23
<PER-SHARE-DIVIDEND> 0.26
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.1
<EXPENSE-RATIO> 2.24
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE RIGHTIME FAMILY OF FUNDS EXHIBIT 27 - FINANCIAL DATA SCHEDULE.
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT TO SHAREHOLDERS DATED APRIL 30, 1998 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL INFORMATION.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> RIGHTIME BLUE CHIP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 157,603,371
<INVESTMENTS-AT-VALUE> 242,835,812
<RECEIVABLES> 26,049,400
<ASSETS-OTHER> 61,900
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 268,947,112
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 501,293
<TOTAL-LIABILITIES> 501,293
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 167,922,765
<SHARES-COMMON-STOCK> 6,867,469
<SHARES-COMMON-PRIOR> 7,883,113
<ACCUMULATED-NII-CURRENT> (402,000)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 14,811,876
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 86,113,178
<NET-ASSETS> 268,445,819
<DIVIDEND-INCOME> 1,914,082
<INTEREST-INCOME> 361,919
<OTHER-INCOME> 0
<EXPENSES-NET> (2,675,751)
<NET-INVESTMENT-INCOME> (399,750)
<REALIZED-GAINS-CURRENT> 32,472,710
<APPREC-INCREASE-CURRENT> 18,259,900
<NET-CHANGE-FROM-OPS> 50,332,860
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (132,464)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 285,889
<NUMBER-OF-SHARES-REDEEMED> (1,305,355)
<SHARES-REINVESTED> 3,822
<NET-CHANGE-IN-ASSETS> 14,058,865
<ACCUMULATED-NII-PRIOR> 130,214
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (17,660,834)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 649,904
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 649,904
<AVERAGE-NET-ASSETS> 286,387,608
<PER-SHARE-NAV-BEGIN> 32.27
<PER-SHARE-NII> (0.06)
<PER-SHARE-GAIN-APPREC> 6.9
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 39.09
<EXPENSE-RATIO> 2.06
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE RIGHTIME FAMILY OF FUNDS EXHIBIT 27 - FINANCIAL DATA SCHEDULE.
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT TO SHAREHOLDERS DATED APRIL 30, 1998 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL INFORMATION.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> RIGHTIME SOCIAL AWARENESS FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 11,372,728
<INVESTMENTS-AT-VALUE> 13,539,923
<RECEIVABLES> 20,843
<ASSETS-OTHER> 3,502
<OTHER-ITEMS-ASSETS> 2,008
<TOTAL-ASSETS> 13,566,276
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16,816
<TOTAL-LIABILITIES> 16,816
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,014,315
<SHARES-COMMON-STOCK> 391,043
<SHARES-COMMON-PRIOR> 391,194
<ACCUMULATED-NII-CURRENT> (50,775)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 383,200
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,202,720
<NET-ASSETS> 13,549,460
<DIVIDEND-INCOME> 77,641
<INTEREST-INCOME> 19,800
<OTHER-INCOME> 0
<EXPENSES-NET> (147,899)
<NET-INVESTMENT-INCOME> (50,458)
<REALIZED-GAINS-CURRENT> 372,937
<APPREC-INCREASE-CURRENT> 2,241,954
<NET-CHANGE-FROM-OPS> 2,564,433
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (57,366)
<DISTRIBUTIONS-OF-GAINS> (394,194)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 38,757
<NUMBER-OF-SHARES-REDEEMED> (52,537)
<SHARES-REINVESTED> 13,629
<NET-CHANGE-IN-ASSETS> 2,081,672
<ACCUMULATED-NII-PRIOR> 57,049
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 404,457
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 31,468
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 31,468
<AVERAGE-NET-ASSETS> 10,626,282
<PER-SHARE-NAV-BEGIN> 29.31
<PER-SHARE-NII> (0.13)
<PER-SHARE-GAIN-APPREC> 6.64
<PER-SHARE-DIVIDEND> .15
<PER-SHARE-DISTRIBUTIONS> 1.02
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 34.65
<EXPENSE-RATIO> 2.35
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE RIGHTIME FAMILY OF FUNDS EXHIBIT 27 - FINANCIAL DATA SCHEDULE.
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT TO SHAREHOLDERS DATED APRIL 30, 1998 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL INFORMATION.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> RIGHTIME MIDCAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 57,074,527
<INVESTMENTS-AT-VALUE> 68,638,501
<RECEIVABLES> 133,751
<ASSETS-OTHER> 18,003
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 68,790,255
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 21,923
<TOTAL-LIABILITIES> 21,923
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 55,492,521
<SHARES-COMMON-STOCK> 2,072,031
<SHARES-COMMON-PRIOR> 2,379,488
<ACCUMULATED-NII-CURRENT> (177,566)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,605,653
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,847,724
<NET-ASSETS> 68,768,332
<DIVIDEND-INCOME> 381,072
<INTEREST-INCOME> 202,853
<OTHER-INCOME> 0
<EXPENSES-NET> (735,666)
<NET-INVESTMENT-INCOME> (151,741)
<REALIZED-GAINS-CURRENT> 1,498,465
<APPREC-INCREASE-CURRENT> 9,692,551
<NET-CHANGE-FROM-OPS> 11,039,275
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (537,779)
<DISTRIBUTIONS-OF-GAINS> (1,494,459)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 89,848
<NUMBER-OF-SHARES-REDEEMED> (465,990)
<SHARES-REINVESTED> 68,685
<NET-CHANGE-IN-ASSETS> (526,864)
<ACCUMULATED-NII-PRIOR> 511,954
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 1,601,647
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 169,762
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 169,762
<AVERAGE-NET-ASSETS> 78,918,344
<PER-SHARE-NAV-BEGIN> 29.12
<PER-SHARE-NII> (0.07)
<PER-SHARE-GAIN-APPREC> 5.04
<PER-SHARE-DIVIDEND> .24
<PER-SHARE-DISTRIBUTIONS> .66
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 33.19
<EXPENSE-RATIO> 2.17
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
