<PAGE> PAGE 1
000 A000000 06/30/98
000 C000000 0000774412
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 PLAN INVESTMENT FUND
001 B000000 811-4379
001 C000000 3124406372
002 A000000 676 N. ST. CLAIR
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60611
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
007 C010100 1
007 C020100 PLAN INVESTMENT FUND - MONEY MARKET PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 PLAN INVESTMENT FUND - SHORT-TERM PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 PLAN INVESTMENT FUND - GOVERNMENT REPO PORTFO
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 HEALTH PLANS CAPITAL SERVICES CORP.
010 C01AA01 CHICAGO
010 C02AA01 IL
010 C03AA01 60611
012 A00AA01 PFPC, INC.
012 B00AA01 85-1196
012 C01AA01 WILMINGTON
012 C02AA01 DE
012 C03AA01 19809
013 A00AA01 PRICEWATERHOUSECOOPERS
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
<PAGE> PAGE 2
013 B04AA01 2962
015 A00AA01 PNC BANK, N.A.
015 B00AA01 C
015 C01AA01 PHILADELPHIA
015 C02AA01 PA
015 C03AA01 19103
015 E01AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 GOLDMAN SACHS & COMPANY
022 B000001 13-5108880
022 C000001 11539736
022 D000001 21655
022 A000002 LEHMAN GOVERNMENT SECURITIES INC.
022 B000002 00-0000000
022 C000002 8896109
022 D000002 0
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000003 13-5674085
022 C000003 8046951
022 D000003 1253
022 A000004 MORGAN STANLEY & COMPANY INC.
022 B000004 13-2655998
022 C000004 6746500
022 D000004 0
022 A000005 SBC WARBURG DILLON READ, INC.
022 B000005 13-3340045
022 C000005 4666400
022 D000005 0
022 A000006 HSBC SECURITIES INCORPORATED
022 B000006 13-2650272
022 C000006 675148
022 D000006 7902
022 A000007 LEHMAN BROTHERS INCORPORATED
022 B000007 13-2518466
022 C000007 282928
022 D000007 45646
022 A000008 UBS SECURITIES
022 B000008 13-3873456
<PAGE> PAGE 3
022 C000008 122000
022 D000008 0
022 A000009 CITIBANK, N.A.
022 B000009 13-2771536
022 C000009 59424
022 D000009 0
022 A000010 MORGAN (JP) SECURITIES, INC.
022 B000010 13-3224016
022 C000010 35000
022 D000010 0
023 C000000 76310055
023 D000000 153331
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
<PAGE> PAGE 4
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 N
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 0
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 N
078 000000 N
080 A00AA00 FEDERAL INSURANCE CO.
080 C00AA00 1000
081 A00AA00 N
081 B00AA00 0
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
<PAGE> PAGE 5
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
008 A000101 PNC INSTITUTIONAL MANAGEMENT CORP.
008 B000101 A
008 C000101 801-13304
008 D010101 WILMINGTON
008 D020101 DE
008 D030101 19809
024 000100 Y
025 A000101 SBC WARBURG DILLON READ, INC.
025 B000101 13-3340005
025 C000101 D
025 D000101 35000
025 A000102 BEAR STEARNS CO., INC.
025 B000102 13-3299429
025 C000102 D
025 D000102 25000
025 A000103 MORGAN STANLEY & CO. INC.
025 B000103 13-2655998
025 C000103 D
025 D000103 24800
025 A000104 GOLDMAN SACHS & CO.
025 B000104 13-5108880
025 C000104 D
025 D000104 15000
025 A000105 MERRILL LYNCH, PIERCE FENNER & SMITH, INC.
025 B000105 13-5674085
025 C000105 D
025 D000105 14725
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 327971
028 A020100 1564
028 A030100 0
028 A040100 344258
028 B010100 279673
028 B020100 1461
028 B030100 0
028 B040100 276011
028 C010100 391979
028 C020100 1379
028 C030100 0
028 C040100 389717
028 D010100 364462
028 D020100 1630
028 D030100 0
028 D040100 395080
028 E010100 269392
<PAGE> PAGE 6
028 E020100 1502
028 E030100 0
028 E040100 300610
028 F010100 325234
028 F020100 1515
028 F030100 0
028 F040100 267326
028 G010100 1958711
028 G020100 9051
028 G030100 0
028 G040100 1973002
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 250000
048 A020100 0.200
048 B010100 250000
048 B020100 0.150
048 C010100 250000
048 C020100 0.120
048 D010100 250000
048 D020100 0.100
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 1000000
048 K020100 0.080
055 A000100 N
055 B000100 N
056 000100 N
057 000100 N
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 18.3
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 66.5
<PAGE> PAGE 7
062 J000100 0.0
062 K000100 0.0
062 L000100 15.5
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 54
063 B000100 0.0
064 A000100 N
064 B000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 N
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
<PAGE> PAGE 8
071 C000100 0
071 D000100 0
072 A000100 6
072 B000100 12489
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 393
072 G000100 111
072 H000100 0
072 I000100 4
072 J000100 24
072 K000100 0
072 L000100 3
072 M000100 2
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 11
072 S000100 7
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 13
072 X000100 568
072 Y000100 0
072 Z000100 11921
072AA000100 1
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 11921
072DD020100 0
072EE000100 0
073 A010100 0.0270
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 71
074 B000100 74800
074 C000100 335914
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 638
<PAGE> PAGE 9
074 M000100 0
074 N000100 411423
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 2037
074 S000100 0
074 T000100 409386
074 U010100 409385
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 0.9997
074 X000100 105
074 Y000100 0
075 A000100 429185
075 B000100 0
076 000100 0.00
008 A000201 NEUBERGER & BERMAN
008 B000201 A
008 C000201 801-00000
008 D010201 NEW YORK
008 D020201 NY
008 D030201 10036
024 000200 Y
025 A000201 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
025 B000201 13-5074085
025 C000201 D
025 D000201 2012
025 A000202 DELETE
025 D000202 0
025 A000203 DELETE
025 D000203 0
025 A000204 DELETE
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 0
028 A020200 189
028 A030200 0
028 A040200 0
028 B010200 820
028 B020200 171
028 B030200 0
028 B040200 0
028 C010200 6542
<PAGE> PAGE 10
028 C020200 158
028 C030200 0
028 C040200 4000
028 D010200 200
028 D020200 174
028 D030200 0
028 D040200 3151
028 E010200 5611
028 E020200 156
028 E030200 0
028 E040200 4250
028 F010200 21
028 F020200 158
028 F030200 0
028 F040200 5917
028 G010200 13194
028 G020200 1006
028 G030200 0
028 G040200 17318
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 50000
048 A020200 0.300
048 B010200 50000
048 B020200 0.200
048 C010200 150000
048 C020200 0.150
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 250000
048 K020200 0.100
055 A000200 N
055 B000200 N
056 000200 Y
057 000200 N
062 A000200 Y
<PAGE> PAGE 11
062 B000200 0.0
062 C000200 4.6
062 D000200 0.0
062 E000200 0.0
062 F000200 4.6
062 G000200 0.0
062 H000200 0.0
062 I000200 40.6
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 16.2
062 N000200 5.5
062 O000200 0.0
062 P000200 0.0
062 Q000200 28.2
062 R000200 0.0
063 A000200 279
063 B000200 0.0
064 A000200 N
064 B000200 N
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 Y
070 O020200 N
<PAGE> PAGE 12
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 7687
071 B000200 2740
071 C000200 24622
071 D000200 22
072 A000200 6
072 B000200 1399
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 72
072 G000200 12
072 H000200 0
072 I000200 1
072 J000200 5
072 K000200 0
072 L000200 0
072 M000200 0
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 1
072 S000200 1
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 52
072 X000200 144
072 Y000200 71
072 Z000200 1327
072AA000200 21
072BB000200 5
072CC010200 70
072CC020200 0
072DD010200 1327
072DD020200 0
072EE000200 0
073 A010200 0.2700
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 3
074 B000200 0
074 C000200 21603
074 D000200 21583
<PAGE> PAGE 13
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 326
074 M000200 27
074 N000200 43542
074 O000200 0
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 234
074 S000200 0
074 T000200 43308
074 U010200 4342
074 U020200 0
074 V010200 9.97
074 V020200 0.00
074 W000200 0.0000
074 X000200 22
074 Y000200 0
075 A000200 0
075 B000200 48518
076 000200 0.00
008 A000301 PNC INSTITUTIONAL MANAGEMENT CORP.
008 B000301 A
008 C000301 801-13304
008 D010301 WILMINGTON
008 D020301 DE
008 D030301 19809
024 000300 Y
025 A000301 SBC WARBURG DILLON READ, INC.
025 B000301 13-3400454
025 C000301 D
025 D000301 55000
025 A000302 MORGAN STANLEY & CO.
025 B000302 13-2655998
025 C000302 D
025 D000302 38100
025 A000303 HSBC SECURITIES, INCORPORATED
025 B000303 13-2650272
025 C000303 D
025 D000303 10000
025 A000304 DELETE
025 D000304 0
025 A000305 DELETE
<PAGE> PAGE 14
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 211360
028 A020300 409
028 A030300 0
028 A040300 227170
028 B010300 243354
028 B020300 461
028 B030300 0
028 B040300 200814
028 C010300 276290
028 C020300 506
028 C030300 0
028 C040300 263241
028 D010300 219093
028 D020300 613
028 D030300 0
028 D040300 248984
028 E010300 208409
028 E020300 563
028 E030300 0
028 E040300 216519
028 F010300 362839
028 F020300 500
028 F030300 0
028 F040300 289888
028 G010300 1521345
028 G020300 3052
028 G030300 0
028 G040300 1446616
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 250000
048 A020300 0.200
048 B010300 250000
048 B020300 0.150
048 C010300 250000
048 C020300 0.120
048 D010300 250000
048 D020300 0.100
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
<PAGE> PAGE 15
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 1000000
048 K020300 0.080
055 A000300 N
055 B000300 N
056 000300 N
057 000300 N
062 A000300 Y
062 B000300 0.0
062 C000300 63.2
062 D000300 37.2
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 1
063 B000300 0.0
064 A000300 N
064 B000300 N
070 A010300 Y
070 A020300 Y
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
<PAGE> PAGE 16
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 N
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 N
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 0
071 B000300 0
071 C000300 0
071 D000300 0
072 A000300 6
072 B000300 6603
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 235
072 G000300 59
072 H000300 0
072 I000300 3
072 J000300 17
072 K000300 0
072 L000300 2
072 M000300 1
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 6
072 S000300 4
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 12
072 X000300 339
072 Y000300 221
072 Z000300 6485
072AA000300 0
072BB000300 0
<PAGE> PAGE 17
072CC010300 0
072CC020300 0
072DD010300 6485
072DD020300 0
072EE000300 0
073 A010300 0.0270
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 83
074 B000300 103100
074 C000300 175000
074 D000300 0
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 17
074 M000300 0
074 N000300 278200
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 1181
074 S000300 0
074 T000300 277019
074 U010300 277019
074 U020300 0
074 V010300 1.00
074 V020300 0.00
074 W000300 1.0000
074 X000300 22
074 Y000300 0
075 A000300 238187
075 B000300 0
076 000300 0.00
SIGNATURE MARY JANE MALONEY
TITLE MANAGER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000774412
<NAME> PLAN INVESTMENT FUND
<SERIES>
<NUMBER> 01
<NAME> MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 410714358
<INVESTMENTS-AT-VALUE> 410714358
<RECEIVABLES> 637805
<ASSETS-OTHER> 70812
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 411422975
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2037441
<TOTAL-LIABILITIES> 2037441
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 409384824
<SHARES-COMMON-STOCK> 409384824
<SHARES-COMMON-PRIOR> 414625230
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 710
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 409385534
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 12489009
<OTHER-INCOME> 0
<EXPENSES-NET> (568038)
<NET-INVESTMENT-INCOME> 11920971
<REALIZED-GAINS-CURRENT> 710
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 11921681
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11920971)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1958710456
<NUMBER-OF-SHARES-REDEEMED> (1973001831)
<SHARES-REINVESTED> 9050969
<NET-CHANGE-IN-ASSETS> (5240406)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 393461
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 568487
<AVERAGE-NET-ASSETS> 439380826
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .027
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.027)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .26
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000774412
<NAME> PLAN INVESTMENT FUND
<SERIES>
<NUMBER> 02
<NAME> SHORT TERM PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 43117529
<INVESTMENTS-AT-VALUE> 43185875
<RECEIVABLES> 325907
<ASSETS-OTHER> 29341
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 43541123
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 233565
<TOTAL-LIABILITIES> 233565
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 44249572
<SHARES-COMMON-STOCK> 4342485
<SHARES-COMMON-PRIOR> 4655328
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1010360)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 68346
<NET-ASSETS> 43307558
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1399217
<OTHER-INCOME> 0
<EXPENSES-NET> (72178)
<NET-INVESTMENT-INCOME> 1327039
<REALIZED-GAINS-CURRENT> 16077
<APPREC-INCREASE-CURRENT> 4612
<NET-CHANGE-FROM-OPS> 1347728
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1327039)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13194097
<NUMBER-OF-SHARES-REDEEMED> (17318042)
<SHARES-REINVESTED> 1005889
<NET-CHANGE-IN-ASSETS> (3118056)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 71914
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 143578
<AVERAGE-NET-ASSETS> 48517607
<PER-SHARE-NAV-BEGIN> 9.97
<PER-SHARE-NII> .273
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.273)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.97
<EXPENSE-RATIO> .30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000774412
<NAME> PLAN INVESTMENT FUND
<SERIES>
<NUMBER> 03
<NAME> GOVERNMENT REPO PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 278100000
<INVESTMENTS-AT-VALUE> 278100000
<RECEIVABLES> 17285
<ASSETS-OTHER> 82958
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 278200243
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1181719
<TOTAL-LIABILITIES> 1181179
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 277018524
<SHARES-COMMON-STOCK> 277018524
<SHARES-COMMON-PRIOR> 199237938
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 277018524
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6602664
<OTHER-INCOME> 0
<EXPENSES-NET> (118151)
<NET-INVESTMENT-INCOME> 6484513
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 6484513
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6484513)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1521344810
<NUMBER-OF-SHARES-REDEEMED> (1446616036)
<SHARES-REINVESTED> 3051812
<NET-CHANGE-IN-ASSETS> 77780586
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 234679
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 338838
<AVERAGE-NET-ASSETS> 238187048
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .027
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.027)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
