<PAGE> PAGE 1
000 B000000 12/31/98
000 C000000 777025
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 2.2
000 J000000 U
001 A000000 WEISS, PECK & GREER FUNDS TRUST
001 B000000 811-4404
001 C000000 2129089824
002 A000000 ONE NEW YORK PLAZA, 31ST FLOOR
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10004
002 D020000 1950
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 6
007 C010100 1
007 C020100 WPG CORE BOND FUND
007 C030100 N
007 C010200 2
007 C020200 WPG GOVERNMENT MONEY MARKET FUND
007 C030200 N
007 C010300 3
007 C020300 WPG TAX FREE MONEY MARKET FUND
007 C030300 N
007 C010400 4
007 C010500 5
007 C020500 WPG QUANTITATIVE EQUITY FUND
007 C030500 N
007 C010600 6
007 C020600 WPG INTERMEDIATE MUNICIPAL BOND FUND
007 C030600 N
008 A00AA01 WEISS, PECK & GREER, LLC
008 B00AA01 A
008 C00AA01 801-6604
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10004
008 D04AA01 1950
010 A00AA01 WEISS, PECK & GREER, LLC
010 B00AA01 801-6604
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10004
<PAGE> PAGE 2
010 C04AA01 1950
012 A00AA01 FIRST DATA INVESTOR SERVICES GROUP
012 B00AA01 84-01761
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02205
013 A00AA01 KPMG LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10154
014 A00AA01 WEISS, PECK AND GREER, LLC
014 B00AA01 8-15678
015 A00AA01 BOSTON SAFE DEPOSIT AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02109
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 9
019 C00AA00 WPGFAMILY1
020 A000001 WEISS, PECK & GREER, LLC
020 B000001 13-2649199
020 C000001 96
020 A000002 BEAR STEARNS
020 B000002 13-3299429
020 C000002 15
020 A000003 SALOMON SMITH BARNEY
020 B000003 13-3082694
020 C000003 10
020 A000004 PRUDENTIAL SECURITIES
020 B000004 22-2347336
020 C000004 8
020 A000005 LEHMAN BROTHERS
020 B000005 13-2518466
020 C000005 8
020 A000006 PAINE WEBBER
020 B000006 13-2638166
020 C000006 7
020 A000007 DONALDSON LUFKIN JENRETTE
020 B000007 13-2741729
020 C000007 7
020 A000008 CREDIT SUISSE FIRST BOSTON
020 B000008 13-5659485
020 C000008 6
020 A000009 INSTINET
020 B000009 13-3443395
020 C000009 4
020 C000010 0
021 000000 160
<PAGE> PAGE 3
022 A000001 SBC WARBURG
022 B000001 13-2932996
022 C000001 12977308
022 D000001 32021
022 A000002 PAINE WEBBER
022 B000002 13-2638166
022 C000002 1484406
022 D000002 52580
022 A000003 CITICORP
022 B000003 13-3187336
022 C000003 1432031
022 D000003 19080
022 A000004 GOLDMAN SACHS
022 B000004 13-5108880
022 C000004 516157
022 D000004 284567
022 A000005 SALOMON SMITH BARNEY
022 B000005 13-3082694
022 C000005 246493
022 D000005 249002
022 A000006 NATIONSBANK CAPITAL MARKETS
022 B000006 75-0520130
022 C000006 435792
022 D000006 14124
022 A000007 LEHMAN BROTHERS
022 B000007 13-2518466
022 C000007 216156
022 D000007 220681
022 A000008 MERRILL LYNCH & CO.
022 B000008 13-5674085
022 C000008 153761
022 D000008 135964
022 A000009 PRUDENTIAL SECURITIES
022 B000009 22-2347336
022 C000009 260650
022 D000009 10609
022 A000010 CREDIT SUISSE FIRST BOSTON
022 B000010 13-5659485
022 C000010 173300
022 D000010 28497
023 C000000 18870614
023 D000000 1827624
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 Y
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
<PAGE> PAGE 4
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
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
077 A000000 Y
077 B000000 Y
077 C000000 Y
078 000000 N
080 A00AA00 GULF INSURANCE COMPANY
080 C00AA00 3675
081 A00AA00 Y
081 B00AA00 6
082 A00AA00 Y
082 B00AA00 25
083 A00AA00 N
083 B00AA00 0
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
086 E010000 0
<PAGE> PAGE 5
086 E020000 0
086 F010000 0
086 F020000 0
024 000100 Y
025 A000101 MERRILL LYNCH
025 B000101 13-5674085
025 C000101 D
025 D000101 3107
025 A000102 SALOMON SMITH BARNEY
025 B000102 13-3082694
025 C000102 D
025 D000102 50
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 1455
028 A020100 444
028 A030100 0
028 A040100 476
028 B010100 1347
028 B020100 456
028 B030100 0
028 B040100 406
028 C010100 10598
028 C020100 464
028 C030100 0
028 C040100 1035
028 D010100 1251
028 D020100 491
028 D030100 0
028 D040100 725
028 E010100 370
028 E020100 536
028 E030100 0
028 E040100 1604
028 F010100 12966
028 F020100 1044
028 F030100 0
028 F040100 5316
028 G010100 27987
028 G020100 3435
028 G030100 0
028 G040100 9562
028 H000100 0
037 000100 N
038 000100 0
039 000100 Y
040 000100 Y
<PAGE> PAGE 6
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 100
043 000100 1
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 300000
048 A020100 0.600
048 B010100 200000
048 B020100 0.550
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
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 500000
048 K020100 0.500
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
055 A000100 Y
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 25000
<PAGE> PAGE 7
062 A000100 Y
062 B000100 5.2
062 C000100 3.9
062 D000100 2.3
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 -7.0
062 M000100 23.8
062 N000100 41.2
062 O000100 0.0
062 P000100 29.5
062 Q000100 0.0
062 R000100 1.1
063 A000100 0
063 B000100 5.0
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 Y
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 N
070 L020100 N
<PAGE> PAGE 8
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 733994
071 B000100 681185
071 C000100 99459
071 D000100 685
072 A000100 12
072 B000100 7483
072 C000100 44
072 D000100 0
072 E000100 65
072 F000100 733
072 G000100 61
072 H000100 0
072 I000100 53
072 J000100 24
072 K000100 0
072 L000100 19
072 M000100 21
072 N000100 21
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 38
072 S000100 29
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 70
072 X000100 1069
072 Y000100 457
072 Z000100 6980
072AA000100 4280
072BB000100 0
072CC010100 0
072CC020100 411
072DD010100 6984
072DD020100 0
072EE000100 0
073 A010100 0.5427
073 A020100 0.0000
<PAGE> PAGE 9
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 3156
074 C000100 21003
074 D000100 139106
074 E000100 1511
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 15055
074 M000100 8
074 N000100 179839
074 T000100 139463
075 A000100 0
075 B000100 122144
076 000100 0.00
024 000200 N
028 A010200 84181
028 A020200 694
028 A030200 0
028 A040200 76529
028 B010200 92057
028 B020200 827
028 B030200 0
028 B040200 63676
028 C010200 420165
028 C020200 841
028 C030200 0
028 C040200 233534
028 D010200 161290
028 D020200 1576
028 D030200 0
028 D040200 129162
028 E010200 158926
028 E020200 1665
028 E030200 0
028 E040200 135768
028 F010200 144283
028 F020200 2315
028 F030200 0
028 F040200 179978
028 G010200 1060902
028 G020200 7918
028 G030200 0
028 G040200 818647
028 H000200 0
037 000200 N
<PAGE> PAGE 10
038 000200 0
039 000200 Y
040 000200 N
041 000200 N
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 0
044 000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 500000
048 A020200 0.500
048 B010200 500000
048 B020200 0.450
048 C010200 500000
048 C020200 0.400
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 1500000
048 K020200 0.350
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 N
055 A000200 Y
055 B000200 N
056 000200 Y
057 000200 N
058 A000200 N
059 000200 Y
<PAGE> PAGE 11
060 A000200 Y
060 B000200 Y
061 000200 2500
062 A000200 Y
062 B000200 0.0
062 C000200 89.5
062 D000200 10.0
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 0.5
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 62
063 B000200 0.0
064 A000200 N
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
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 Y
<PAGE> PAGE 12
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 12
072 B000200 13685
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 1280
072 G000200 102
072 H000200 0
072 I000200 180
072 J000200 28
072 K000200 0
072 L000200 10
072 M000200 22
072 N000200 74
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 0
072 S000200 61
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 114
072 X000200 1871
072 Y000200 0
072 Z000200 11814
072AA000200 0
072BB000200 0
072CC010200 0
072CC020200 0
072DD010200 11814
072DD020200 0
<PAGE> PAGE 13
072EE000200 0
073 A010200 0.0467
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 2
074 B000200 42827
074 C000200 383386
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 9229
074 M000200 7
074 N000200 435451
074 O000200 0
074 P000200 203
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 6805
074 S000200 0
074 T000200 428443
074 U010200 428716
074 U020200 0
074 V010200 1.00
074 V020200 0.00
074 W000200 0.9994
074 X000200 4076
074 Y000200 0
075 A000200 255967
075 B000200 0
076 000200 0.00
024 000300 N
028 A010300 94469
028 A020300 257
028 A030300 0
028 A040300 100589
028 B010300 58144
028 B020300 281
028 B030300 0
028 B040300 48392
028 C010300 113512
028 C020300 272
028 C030300 0
028 C040300 95674
<PAGE> PAGE 14
028 D010300 74115
028 D020300 314
028 D030300 0
028 D040300 82131
028 E010300 60121
028 E020300 311
028 E030300 0
028 E040300 60757
028 F010300 128645
028 F020300 454
028 F030300 0
028 F040300 118709
028 G010300 529006
028 G020300 1889
028 G030300 0
028 G040300 506252
028 H000300 0
037 000300 N
038 000300 0
039 000300 Y
040 000300 N
041 000300 N
042 A000300 0
042 B000300 0
042 C000300 0
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 0
044 000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 500000
048 A020300 0.500
048 B010300 500000
048 B020300 0.450
048 C010300 500000
048 C020300 0.400
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
<PAGE> PAGE 15
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 1500000
048 K020300 0.350
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 N
055 A000300 Y
055 B000300 N
056 000300 Y
057 000300 N
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 2500
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 106.7
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 -6.7
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 57
063 B000300 0.0
064 A000300 Y
064 B000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 N
<PAGE> PAGE 16
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
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 N
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 12
072 B000300 4502
072 C000300 0
072 D000300 0
072 E000300 14
072 F000300 602
072 G000300 56
072 H000300 0
072 I000300 75
072 J000300 11
072 K000300 0
072 L000300 7
072 M000300 20
072 N000300 16
<PAGE> PAGE 17
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 29
072 S000300 20
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 63
072 X000300 899
072 Y000300 0
072 Z000300 3617
072AA000300 0
072BB000300 0
072CC010300 0
072CC020300 0
072DD010300 3617
072DD020300 0
072EE000300 0
073 A010300 0.0306
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 140112
074 D000300 0
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 2810
074 K000300 0
074 L000300 1037
074 M000300 5
074 N000300 143964
074 O000300 0
074 P000300 61
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 12635
074 S000300 0
074 T000300 131268
074 U010300 131288
074 U020300 0
074 V010300 1.00
074 V020300 0.00
074 W000300 0.9998
<PAGE> PAGE 18
074 X000300 1448
074 Y000300 0
075 A000300 120323
075 B000300 0
076 000300 0.00
024 000500 Y
025 A000501 MORGAN STANLEY DEAN WITTER DISCOVER
025 B000501 13-2655998
025 C000501 E
025 D000501 639
025 D000502 0
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 794
028 A020500 0
028 A030500 0
028 A040500 417
028 B010500 367
028 B020500 0
028 B030500 0
028 B040500 422
028 C010500 253
028 C020500 0
028 C030500 0
028 C040500 358
028 D010500 117
028 D020500 0
028 D030500 0
028 D040500 2599
028 E010500 111
028 E020500 0
028 E030500 0
028 E040500 1413
028 F010500 650
028 F020500 15301
028 F030500 0
028 F040500 3311
028 G010500 2292
028 G020500 15301
028 G030500 0
028 G040500 8520
028 H000500 0
037 000500 N
038 000500 0
039 000500 Y
040 000500 N
041 000500 N
<PAGE> PAGE 19
042 A000500 0
042 B000500 0
042 C000500 0
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 0
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.750
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 N
055 A000500 N
055 B000500 N
056 000500 Y
057 000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 5000
062 A000500 N
<PAGE> PAGE 20
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 0.0
066 A000500 Y
066 E000500 Y
067 000500 N
068 A000500 N
068 B000500 N
069 000500 Y
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 Y
070 F020500 Y
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 N
070 M020500 N
<PAGE> PAGE 21
070 N010500 Y
070 N020500 N
070 O010500 N
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 71245
071 B000500 85808
071 C000500 79730
071 D000500 89
072 A000500 12
072 B000500 48
072 C000500 1216
072 D000500 0
072 E000500 0
072 F000500 613
072 G000500 46
072 H000500 0
072 I000500 47
072 J000500 24
072 K000500 0
072 L000500 10
072 M000500 19
072 N000500 12
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 30
072 S000500 20
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 46
072 X000500 867
072 Y000500 0
072 Z000500 397
072AA000500 19699
072BB000500 0
072CC010500 0
072CC020500 522
072DD010500 601
072DD020500 0
072EE000500 15035
073 A010500 0.0600
073 A020500 0.0000
073 B000500 1.5000
073 C000500 0.0000
<PAGE> PAGE 22
074 A000500 176
074 B000500 0
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 73662
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 114
074 M000500 11
074 N000500 73963
074 O000500 0
074 P000500 49
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 30
074 S000500 0
074 T000500 73884
074 U010500 12761
074 U020500 0
074 V010500 5.79
074 V020500 0.00
074 W000500 0.0000
074 X000500 548
074 Y000500 0
075 A000500 0
075 B000500 81696
076 000500 0.00
024 000600 N
028 A010600 156
028 A020600 47
028 A030600 0
028 A040600 276
028 B010600 1131
028 B020600 50
028 B030600 0
028 B040600 382
028 C010600 1559
028 C020600 54
028 C030600 0
028 C040600 470
028 D010600 311
028 D020600 55
028 D030600 0
028 D040600 190
028 E010600 425
<PAGE> PAGE 23
028 E020600 59
028 E030600 0
028 E040600 836
028 F010600 421
028 F020600 184
028 F030600 0
028 F040600 1094
028 G010600 4003
028 G020600 449
028 G030600 0
028 G040600 3248
028 H000600 0
037 000600 N
038 000600 0
039 000600 Y
040 000600 N
041 000600 N
042 A000600 0
042 B000600 0
042 C000600 0
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 0
044 000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.000
048 A010600 17000
048 A020600 0.000
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
<PAGE> PAGE 24
048 K010600 17000
048 K020600 0.500
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 Y
053 B000600 Y
053 C000600 N
055 A000600 Y
055 B000600 N
056 000600 Y
057 000600 N
058 A000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
061 000600 2500
062 A000600 Y
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 1.4
062 M000600 0.0
062 N000600 0.0
062 O000600 98.6
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 0
063 B000600 7.0
064 A000600 Y
064 B000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 N
070 B020600 N
070 C010600 N
070 C020600 N
<PAGE> PAGE 25
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 N
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 N
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 13268
071 B000600 11368
071 C000600 24897
071 D000600 46
072 A000600 12
072 B000600 1279
072 C000600 0
072 D000600 0
072 E000600 2
072 F000600 126
072 G000600 0
072 H000600 0
072 I000600 35
072 J000600 4
072 K000600 0
072 L000600 7
072 M000600 18
072 N000600 13
072 O000600 0
072 P000600 0
072 Q000600 0
<PAGE> PAGE 26
072 R000600 0
072 S000600 28
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 35
072 X000600 266
072 Y000600 52
072 Z000600 1067
072AA000600 171
072BB000600 0
072CC010600 136
072CC020600 0
072DD010600 1099
072DD020600 0
072EE000600 67
073 A010600 0.4661
073 A020600 0.0000
073 B000600 0.0200
073 C000600 0.0000
074 A000600 34
074 B000600 0
074 C000600 0
074 D000600 24980
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 408
074 M000600 1
074 N000600 25423
074 O000600 0
074 P000600 11
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 71
074 S000600 0
074 T000600 25341
074 U010600 2403
074 U020600 0
074 V010600 10.55
074 V020600 0.00
074 W000600 0.0000
074 X000600 192
074 Y000600 0
075 A000600 0
<PAGE> PAGE 27
075 B000600 25210
076 000600 0.00
SIGNATURE JOSEPH REARDON
TITLE VICE PRESIDENT
To the Shareholders and Board of Trustees of
the WPG Core Bond Fund:
In planning and performing our audit of the financial statements of the
WPG Core Bond Fund (the "Fund") for the year ended December 31, 1998,
we considered its internal control, including control activities for
safeguarding securities, in order to determine our auditing procedures
for the purpose of expressing our opinion on the financial statements
and to comply with the requirements of Form N-SAR, not to provide assurance
on the internal control.
The management of the Fund is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and
related costs of controls. Generally, controls that are relevant to an
audit pertain to the entity's objective of preparing financial statements
for external purposes that are fairly presented in conformity with generally
accepted accounting principles. Those controls include the safeguarding of
assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, error or fraud may
occur and not be detected. Also, projection of any evaluation of internal
control to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness
of the design and operation may deteriorate.
Our consideration of the internal control would not necessarily disclose
all matters in internal control that might be material weaknesses under
standards established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the design
or operation of one or more of the internal control components does
not reduce to a relatively low level the risk that misstatements
caused by error or fraud in amounts that would be material in relation
to the financial statements being audited may occur and not be detected
within a timely period by employees in the normal course of performing
their assigned functions. However, we noted no matters involving the
internal control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as defined above
as of December 31, 1998.
This report is intended solely for the information and use of management,
the Board of Trustees of the Fund, and the Securities and Exchange Commission.
January 19, 1999
To the Shareholders and Board of Trustees of
the WPG Government Money Market Fund:
In planning and performing our audit of the financial statements of the
WPG Government Money Market Fund (the "Fund") for the year ended
December 31, 1998, we considered its internal control, including control
activities for safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR, not to
provide assurance on the internal control. The management of the Fund
is responsible for establishing and maintaining internal control. In
fulfilling this responsibility, estimates and judgments by management
are required to assess the expected benefits and related costs of controls.
Generally, controls that are relevant to an audit pertain to the entity's
objective of preparing financial statements for external purposes that are
fairly presented in conformity with generally accepted accounting principles.
Those controls include the safeguarding of assets against unauthorized
acquisition, use or disposition.
Because of inherent limitations in internal control, error or fraud may
occur and not be detected. Also, projection of any evaluation of internal
control to future periods is subject to the risk that it may become inadequate
because of changes in conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of the internal control would not necessarily disclose all
matters in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or
more of the internal control components does not reduce to a relatively low
level the risk that misstatements caused by error or fraud in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control and its operation, including controls for
safeguarding securities, that we consider to be material weaknesses as defined
above as of December 31, 1998.
This report is intended solely for the information and use of management, the
Board of Trustees of the Fund, and the Securities and Exchange Commission.
January 19, 1999
To the Shareholders and Board of Trustees of
the WPG Tax Free Money Market Fund:
In planning and performing our audit of the financial statements of
the WPG Tax Free Money Market Fund (the "Fund") for the year ended
December 31, 1998, we considered its internal control, including control
activities for safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements of Form N-SAR,
not to provide assurance on the internal control. The management of
the Fund is responsible for establishing and maintaining internal control.
In fulfilling this responsibility, estimates and judgments by management
are required to assess the expected benefits and related costs of controls.
Generally, controls that are relevant to an audit pertain to the entity's
objective of preparing financial statements for external purposes that are
fairly presented in conformity with generally accepted accounting principles.
Those controls include the safeguarding of assets against unauthorized
acquisition, use or disposition.
Because of inherent limitations in internal control, error or fraud may
occur and not be detected. Also, projection of any evaluation of internal
control to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control would not necessarily disclose
all matters in internal control that might be material weaknesses under
standards established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the design or
operation of one or more of the internal control components does not
reduce to a relatively low level the risk that misstatements caused by
error or fraud in amounts that would be material in relation to the
financial statements being audited may occur and not be detected within
a timely period by employees in the normal course of performing their
assigned functions. However, we noted no matters involving the internal
control and its operation, including controls for safeguarding securities,
that we consider to be material weaknesses as defined above as of
December 31, 1998.
This report is intended solely for the information and use of management,
the Board of Trustees of the Fund, and the Securities and Exchange Commission.
January 19, 1999
To the Shareholders and Board of Trustees of
the WPG Quantitative Equity Fund:
In planning and performing our audit of the financial statements of
the WPG Quantitative Equity Fund (the "Fund") for the year
ended December 31, 1998, we considered its internal control,
including control activities for safeguarding securities, in order
to determine our auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the requirements
of Form N-SAR, not to provide assurance on the internal control.
The management of the Fund is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments
by management are required to assess the expected benefits and related
costs of controls. Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial statements for
external purposes that are fairly presented in conformity with generally
accepted accounting principles. Those controls include the safeguarding
of assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, error or fraud may
occur and not be detected. Also, projection of any evaluation of internal
control to future periods is subject to the risk that it may become inadequate
because of changes in conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of the internal control would not necessarily disclose all
matters in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants.
A material weakness is a condition in which the design or operation of
one or more of the internal control components does not reduce to a relatively
low level the risk that misstatements caused by error or fraud in amounts
that would be material in relation to the financial statements being audited
may occur and not be detected within a timely period by employees in the
normal course of performing their assigned functions. However, we noted
no matters involving the internal control and its operation, including
controls for safeguarding securities, that we consider to be material
weaknesses as defined above as of December 31, 1998.
This report is intended solely for the information and use of management,
the Board of Trustees of the Fund, and the Securities and Exchange Commission.
January 19, 1999
To the Shareholders and Board of Trustees of
the WPG Intermediate Municipal Bond Fund:
In planning and performing our audit of the financial statements of the
WPG Intermediate Municipal Bond Fund (the "Fund") for the year ended
December 31, 1998, we considered its internal control, including control
activities for safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR, not to
provide assurance on the internal control. The management of the Fund
is responsible for establishing and maintaining internal control. In
fulfilling this responsibility, estimates and judgments by management
are required to assess the expected benefits and related costs of controls.
Generally, controls that are relevant to an audit pertain to the entity's
objective of preparing financial statements for external purposes that are
fairly presented in conformity with generally accepted accounting principles.
Those controls include the safeguarding of assets against unauthorized
acquisition, use or disposition. Because of inherent limitations in
internal control, error or fraud may occur and not be detected. Also,
projection of any evaluation of internal control to future periods is
subject to the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and operation may
deteriorate.
Our consideration of the internal control would not necessarily
disclose all matters in internal control that might be material weaknesses
under standards established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the design or
operation of one or more of the internal control components does not reduce
to a relatively low level the risk that misstatements caused by error or
fraud in amounts that would be material in relation to the financial statements
being audited may occur and not be detected within a timely period by employees
in the normal course of performing their assigned functions. However, we noted
no matters involving the internal control and its operation, including controls
for safeguarding securities, that we consider to be material weaknesses as
defined above as of December 31, 1998.
This report is intended solely for the information and use of management,
the Board of Trustees of the Fund, and the Securities and Exchange Commission.
January 19, 1999
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000777025
<NAME> WEISS, PECK & GREER FUNDS TRUST
<SERIES>
<NUMBER> 1
<NAME> WPG COREBOND FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 164689
<INVESTMENTS-AT-VALUE> 164776
<RECEIVABLES> 15055
<ASSETS-OTHER> 8
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 179839
<PAYABLE-FOR-SECURITIES> 35332
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5044
<TOTAL-LIABILITIES> 40376
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 174950
<SHARES-COMMON-STOCK> 14465
<SHARES-COMMON-PRIOR> 11611
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (35570)
<ACCUM-APPREC-OR-DEPREC> 83
<NET-ASSETS> 139463
<DIVIDEND-INCOME> 44
<INTEREST-INCOME> 7483
<OTHER-INCOME> 65
<EXPENSES-NET> (612)
<NET-INVESTMENT-INCOME> 6980
<REALIZED-GAINS-CURRENT> 4280
<APPREC-INCREASE-CURRENT> (411)
<NET-CHANGE-FROM-OPS> 10849
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6936)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> (48)
<NUMBER-OF-SHARES-SOLD> 49376
<NUMBER-OF-SHARES-REDEEMED> (27647)
<SHARES-REINVESTED> 5426
<NET-CHANGE-IN-ASSETS> 31020
<ACCUMULATED-NII-PRIOR> 3
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (39887)
<GROSS-ADVISORY-FEES> 733
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1083
<AVERAGE-NET-ASSETS> 122144
<PER-SHARE-NAV-BEGIN> 9.34
<PER-SHARE-NII> .54
<PER-SHARE-GAIN-APPREC> .30
<PER-SHARE-DIVIDEND> (.54)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.64
<EXPENSE-RATIO> .5
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000777025
<NAME> WEISS, PECK & GREER FUNDS TRUST
<SERIES>
<NUMBER> 3
<NAME> WPG TAX FREE MONEY MARKET FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 140112
<INVESTMENTS-AT-VALUE> 140112
<RECEIVABLES> 3847
<ASSETS-OTHER> 5
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 143964
<PAYABLE-FOR-SECURITIES> 11284
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1412
<TOTAL-LIABILITIES> 12696
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 131288
<SHARES-COMMON-STOCK> 131288
<SHARES-COMMON-PRIOR> 130104
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (20)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 131268
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4502
<OTHER-INCOME> 14
<EXPENSES-NET> 899
<NET-INVESTMENT-INCOME> 3617
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3617
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3617)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1109476
<NUMBER-OF-SHARES-REDEEMED> (1111748)
<SHARES-REINVESTED> 3457
<NET-CHANGE-IN-ASSETS> 1185
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (19)
<GROSS-ADVISORY-FEES> 602
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 910
<AVERAGE-NET-ASSETS> 120323
<PER-SHARE-NAV-BEGIN> 1
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1
<EXPENSE-RATIO> .75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000777025
<NAME> WEISS, PECK & GREER FUNDS TRUST
<SERIES>
<NUMBER> 6
<NAME> WPG INTERMEDIATE MUNICIPAL BOND FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 24013
<INVESTMENTS-AT-VALUE> 24980
<RECEIVABLES> 408
<ASSETS-OTHER> 35
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 25423
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 82
<TOTAL-LIABILITIES> 82
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 24409
<SHARES-COMMON-STOCK> 2403
<SHARES-COMMON-PRIOR> 2249
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (31)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (4)
<ACCUM-APPREC-OR-DEPREC> 967
<NET-ASSETS> 25341
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1279
<OTHER-INCOME> 2
<EXPENSES-NET> 214
<NET-INVESTMENT-INCOME> 1067
<REALIZED-GAINS-CURRENT> 171
<APPREC-INCREASE-CURRENT> 136
<NET-CHANGE-FROM-OPS> 1374
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1099)
<DISTRIBUTIONS-OF-GAINS> (67)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8028
<NUMBER-OF-SHARES-REDEEMED> (7105)
<SHARES-REINVESTED> 702
<NET-CHANGE-IN-ASSETS> 1833
<ACCUMULATED-NII-PRIOR> 1
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (108)
<GROSS-ADVISORY-FEES> 126
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 268
<AVERAGE-NET-ASSETS> 25211
<PER-SHARE-NAV-BEGIN> 10.45
<PER-SHARE-NII> .48
<PER-SHARE-GAIN-APPREC> .11
<PER-SHARE-DIVIDEND> (.47)
<PER-SHARE-DISTRIBUTIONS> .02
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.55
<EXPENSE-RATIO> .85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000777025
<NAME> WEISS, PECK & GREER FUNDS TRUST
<SERIES>
<NUMBER> 5
<NAME> WPG QUANTITATIVE EQUITY FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 53211
<INVESTMENTS-AT-VALUE> 73662
<RECEIVABLES> 114
<ASSETS-OTHER> 187
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 73963
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 79
<TOTAL-LIABILITIES> 79
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 52150
<SHARES-COMMON-STOCK> 12761
<SHARES-COMMON-PRIOR> 16452
<ACCUMULATED-NII-CURRENT> 177
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1107
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 20450
<NET-ASSETS> 73884
<DIVIDEND-INCOME> 1216
<INTEREST-INCOME> 48
<OTHER-INCOME> 0
<EXPENSES-NET> (867)
<NET-INVESTMENT-INCOME> 397
<REALIZED-GAINS-CURRENT> 19699
<APPREC-INCREASE-CURRENT> (522)
<NET-CHANGE-FROM-OPS> 19574
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (601)
<DISTRIBUTIONS-OF-GAINS> (15035)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5515
<NUMBER-OF-SHARES-REDEEMED> (46925)
<SHARES-REINVESTED> 15301
<NET-CHANGE-IN-ASSETS> (22171)
<ACCUMULATED-NII-PRIOR> 382
<ACCUMULATED-GAINS-PRIOR> 1963
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 613
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 871
<AVERAGE-NET-ASSETS> 81696
<PER-SHARE-NAV-BEGIN> 5.84
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 1.46
<PER-SHARE-DIVIDEND> (0.06)
<PER-SHARE-DISTRIBUTIONS> (1.50)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 5.79
<EXPENSE-RATIO> 1.06
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000777025
<NAME> WEISS, PECK & GREER FUNDS TRUST
<SERIES>
<NUMBER> 7
<NAME> WPG INSTITUTIONAL SHORT DURATION FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000777025
<NAME> WEISS, PECK & GREER FUNDS TRUST
<SERIES>
<NUMBER> 2
<NAME> WPG GOVERNMENT MONEY MARKET FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 426213
<INVESTMENTS-AT-VALUE> 426213
<RECEIVABLES> 9229
<ASSETS-OTHER> 9
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 435451
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7008
<TOTAL-LIABILITIES> 7008
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 430458
<SHARES-COMMON-STOCK> 428716
<SHARES-COMMON-PRIOR> 208091
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (2015)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 428443
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 13685
<OTHER-INCOME> 0
<EXPENSES-NET> (1871)
<NET-INVESTMENT-INCOME> 11814
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 11814
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11814)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1782122
<NUMBER-OF-SHARES-REDEEMED> (1573014)
<SHARES-REINVESTED> 11518
<NET-CHANGE-IN-ASSETS> 220626
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (2015)
<GROSS-ADVISORY-FEES> 1280
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1880
<AVERAGE-NET-ASSETS> 255966
<PER-SHARE-NAV-BEGIN> 1
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1
<EXPENSE-RATIO> .73
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
