<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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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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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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028 A040400 55176
028 B010400 52115
028 B020400 164
028 B030400 0
028 B040400 36138
028 C010400 56248
028 C020400 170
028 C030400 0
028 C040400 53458
028 D010400 43609
028 D020400 181
028 D030400 0
028 D040400 45030
028 E010400 67973
028 E020400 190
028 E030400 0
<PAGE> PAGE 21
028 E040400 40416
028 F010400 68784
028 F020400 187
028 F030400 0
028 F040400 62945
028 G010400 368570
028 G020400 1061
028 G030400 0
028 G040400 293163
028 H000400 0
029 000400 N
030 A000400 0
030 B000400 0.00
030 C000400 0.00
031 A000400 0
031 B000400 0
032 000400 0
033 000400 0
034 000400 N
035 000400 0
036 B000400 0
037 000400 N
038 000400 0
039 000400 N
040 000400 Y
041 000400 Y
042 A000400 0
042 B000400 0
042 C000400 0
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 100
043 000400 20
044 000400 0
045 000400 Y
046 000400 Y
047 000400 Y
048 000400 0.350
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
<PAGE> PAGE 22
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 0
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 98.9
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 1.1
063 A000400 30
063 B000400 0.0
064 A000400 Y
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 N
070 A020400 N
070 B010400 N
070 B020400 N
<PAGE> PAGE 23
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
072 A000400 6
072 B000400 5083
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 204
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072 J000400 0
072 K000400 0
072 L000400 4
072 M000400 4
072 N000400 28
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<PAGE> PAGE 24
072 P000400 0
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072 S000400 20
072 T000400 65
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072 W000400 2
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072DD010400 3581
072DD020400 1057
072EE000400 0
073 A010400 0.0172
073 A020400 0.0167
073 B000400 0.0000
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074 C000400 297133
074 D000400 0
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074 J000400 0
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074 L000400 1561
074 M000400 6
074 N000400 302020
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074 P000400 36
074 Q000400 0
074 R010400 0
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074 R040400 958
074 S000400 0
074 T000400 301026
074 U010400 240388
074 U020400 60640
074 V010400 1.00
074 V020400 1.00
074 W000400 1.0002
074 X000400 2493
<PAGE> PAGE 25
074 Y000400 0
075 A000400 271036
075 B000400 0
076 000400 0.00
015 A000801 NATIONAL CITY BANK
015 B000801 C
015 C010801 CLEVELAND
015 C020801 OH
015 C030801 44135
015 E030801 X
024 000800 N
025 A000801 STATE STREET BOSTON CORP.
025 B000801 04-1867445
025 C000801 E
025 D000801 2250
025 D000802 0
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028 B010800 1669
028 B020800 231
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<PAGE> PAGE 26
029 000800 Y
030 A000800 3
030 B000800 3.75
030 C000800 0.00
031 A000800 3
031 B000800 0
032 000800 0
033 000800 0
034 000800 N
035 000800 0
036 B000800 0
037 000800 N
038 000800 0
039 000800 N
040 000800 Y
041 000800 Y
042 A000800 0
042 B000800 0
042 C000800 0
042 D000800 0
042 E000800 0
042 F000800 0
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042 H000800 100
043 000800 11
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045 000800 Y
046 000800 Y
047 000800 Y
048 000800 0.750
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048 I020800 0.000
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<PAGE> PAGE 27
048 K020800 0.000
055 A000800 N
055 B000800 N
056 000800 Y
057 000800 N
058 A000800 N
059 000800 Y
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060 B000800 Y
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063 A000800 0
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066 A000800 Y
066 B000800 N
066 C000800 N
066 D000800 N
066 E000800 N
066 F000800 N
066 G000800 Y
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 N
070 B010800 N
070 B020800 N
070 C010800 N
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
<PAGE> PAGE 28
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 Y
070 L010800 Y
070 L020800 Y
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 59734
071 B000800 50512
071 C000800 134705
071 D000800 38
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<PAGE> PAGE 29
072 V000800 0
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072AA000800 8539
072BB000800 2992
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072DD020800 27
072EE000800 0
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074 M000800 6
074 N000800 158846
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074 U010800 8510
074 U020800 353
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075 A000800 0
075 B000800 137757
076 000800 0.00
015 A000901 NATIONAL CITY BANK
015 B000901 C
<PAGE> PAGE 30
015 C010901 CLEVELAND
015 C020901 OH
015 C030901 44135
015 E030901 X
024 000900 N
025 D000901 0
025 D000902 0
025 D000903 0
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025 D000905 0
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028 A040900 840
028 B010900 2649
028 B020900 193
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028 B040900 1012
028 C010900 3639
028 C020900 201
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028 H000900 24
029 000900 Y
030 A000900 1
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031 A000900 1
031 B000900 0
032 000900 0
033 000900 0
034 000900 N
<PAGE> PAGE 31
035 000900 0
036 B000900 0
037 000900 N
038 000900 0
039 000900 N
040 000900 Y
041 000900 Y
042 A000900 0
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042 D000900 0
042 E000900 0
042 F000900 0
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042 H000900 100
043 000900 8
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046 000900 Y
047 000900 Y
048 000900 0.550
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048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
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048 K020900 0.000
055 A000900 N
055 B000900 N
056 000900 Y
057 000900 N
058 A000900 N
059 000900 Y
060 A000900 Y
060 B000900 Y
<PAGE> PAGE 32
061 000900 0
062 A000900 Y
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062 M000900 29.5
062 N000900 17.9
062 O000900 0.0
062 P000900 45.7
062 Q000900 0.1
062 R000900 6.8
063 A000900 0
063 B000900 4.5
064 A000900 N
064 B000900 N
066 A000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 N
070 B010900 N
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 Y
070 L010900 Y
<PAGE> PAGE 33
070 L020900 Y
070 M010900 N
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900 25310
071 B000900 12542
071 C000900 89750
071 D000900 14
072 A000900 6
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072BB000900 102
072CC010900 1015
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072DD010900 2758
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073 A010900 0.3149
<PAGE> PAGE 34
073 A020900 0.3035
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074 D000900 99867
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074 N000900 108711
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074 U010900 9356
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074 V010900 10.69
074 V020900 10.75
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075 B000900 100084
076 000900 0.00
015 A001001 NATIONAL CITY BANK
015 B001001 C
015 C011001 CLEVELAND
015 C021001 OH
015 C031001 44135
015 E031001 X
024 001000 N
025 D001001 0
025 D001002 0
025 D001003 0
025 D001004 0
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<PAGE> PAGE 35
028 A011000 2051
028 A021000 0
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028 A041000 975
028 B011000 2006
028 B021000 19
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028 B041000 1098
028 C011000 1575
028 C021000 20
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028 D011000 1046
028 D021000 20
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028 F011000 1929
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029 001000 Y
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034 001000 N
035 001000 0
036 B001000 0
037 001000 N
038 001000 0
039 001000 N
040 001000 Y
041 001000 Y
042 A001000 0
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<PAGE> PAGE 36
042 G001000 0
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055 A001000 N
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057 001000 N
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<PAGE> PAGE 37
062 M001000 0.0
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062 O001000 97.8
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062 R001000 1.6
063 A001000 0
063 B001000 6.6
064 A001000 N
064 B001000 N
066 A001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 N
070 B011000 N
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 Y
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
<PAGE> PAGE 38
071 A001000 6954
071 B001000 2056
071 C001000 75879
071 D001000 3
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<PAGE> PAGE 39
074 K001000 0
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015 A001101 NATIONAL CITY BANK
015 B001101 C
015 C011101 CLEVELAND
015 C021101 OH
015 C031101 44135
015 E031101 X
015 A001102 BANK OF CALIFORNIA, NA
015 B001102 S
015 C011102 SAN FRANCISCO
015 C021102 CA
015 C031102 94111
015 E041102 X
024 001100 N
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<PAGE> PAGE 40
028 B041100 44
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043 001100 11
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047 001100 Y
<PAGE> PAGE 41
048 001100 0.750
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055 A001100 N
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056 001100 Y
057 001100 N
058 A001100 N
059 001100 Y
060 A001100 Y
060 B001100 Y
061 001100 0
062 A001100 N
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
063 A001100 0
<PAGE> PAGE 42
063 B001100 0.0
066 A001100 Y
066 B001100 N
066 C001100 N
066 D001100 N
066 E001100 N
066 F001100 N
066 G001100 Y
067 001100 Y
068 A001100 N
068 B001100 N
069 001100 N
070 A011100 Y
070 A021100 N
070 B011100 N
070 B021100 N
070 C011100 N
070 C021100 N
070 D011100 N
070 D021100 N
070 E011100 N
070 E021100 N
070 F011100 N
070 F021100 N
070 G011100 N
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 Y
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100 23493
071 B001100 14268
071 C001100 41411
<PAGE> PAGE 43
071 D001100 34
072 A001100 6
072 B001100 58
072 C001100 869
072 D001100 0
072 E001100 0
072 F001100 159
072 G001100 21
072 H001100 0
072 I001100 18
072 I001100 0
072 I001100 0
072 J001100 4
072 J001100 1
072 J001100 9
072 K001100 0
072 K001100 0
072 K001100 0
072 L001100 1
072 L001100 3
072 L001100 10
072 M001100 2
072 M001100 0
072 M001100 2
072 N001100 230
072 N001100 9
072 N001100 0
072 O001100 0
072 O001100 0
072 O001100 0
072 P001100 0
072 P001100 0
072 P001100 0
072 Q001100 0
072 Q001100 0
072 Q001100 0
072 R001100 1
072 R001100 1
072 R001100 0
072 S001100 3
072 S001100 3
072 S001100 0
072 T001100 10
072 T001100 10
072 T001100 0
072 U001100 2
072 U001100 2
072 U001100 0
072 V001100 0
072 V001100 0
072 V001100 0
<PAGE> PAGE 44
072 W001100 2
072 W001100 2
072 W001100 0
072 X001100 230
072 X001100 230
072 X001100 0
072 Y001100 0
072 Z001100 697
072AA001100 1744
072BB001100 340
072CC011100 2059
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072DD011100 660
072DD021100 2
072EE001100 0
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073 A021100 0.1682
073 B001100 0.0000
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074 B001100 0
074 C001100 0
074 D001100 1164
074 E001100 459
074 F001100 45028
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074 J001100 303
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074 L001100 216
074 M001100 21
074 N001100 48749
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074 P001100 58
074 Q001100 0
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074 R021100 0
074 R031100 0
074 R041100 53
074 S001100 0
074 T001100 48638
074 U011100 4061
074 U021100 18
074 V011100 11.92
074 V021100 11.92
074 W001100 0.0000
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075 B001100 42303
<PAGE> PAGE 45
076 001100 0.00
015 A001201 NATIONAL CITY BANK
015 B001201 C
015 C011201 CLEVELAND
015 C021201 OH
015 C031201 44135
015 E031201 X
024 001200 N
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025 D001202 0
025 D001203 0
025 D001204 0
025 D001205 0
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025 D001208 0
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029 001200 Y
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031 B001200 0
<PAGE> PAGE 46
032 001200 0
033 001200 0
034 001200 N
035 001200 0
036 B001200 0
037 001200 N
038 001200 0
039 001200 N
040 001200 Y
041 001200 Y
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042 B001200 0
042 C001200 0
042 D001200 0
042 E001200 0
042 F001200 0
042 G001200 0
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045 001200 Y
046 001200 Y
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048 F021200 0.000
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048 H011200 0
048 H021200 0.000
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048 I021200 0.000
048 J011200 0
048 J021200 0.000
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048 K021200 0.000
055 A001200 N
055 B001200 N
056 001200 Y
057 001200 N
058 A001200 N
<PAGE> PAGE 47
059 001200 Y
060 A001200 Y
060 B001200 Y
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062 A001200 N
062 B001200 0.0
062 C001200 0.0
062 D001200 0.0
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 0.0
062 N001200 0.0
062 O001200 0.0
062 P001200 0.0
062 Q001200 0.0
062 R001200 0.0
063 A001200 0
063 B001200 0.0
066 A001200 Y
066 B001200 N
066 C001200 Y
066 D001200 N
066 E001200 N
066 F001200 N
066 G001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
070 A011200 Y
070 A021200 N
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
<PAGE> PAGE 48
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 Y
070 L011200 Y
070 L021200 N
070 M011200 N
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200 59799
071 B001200 39945
071 C001200 63141
071 D001200 63
072 A001200 6
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072 C001200 664
072 D001200 0
072 E001200 0
072 F001200 253
072 G001200 33
072 H001200 0
072 I001200 20
072 J001200 0
072 K001200 0
072 L001200 8
072 M001200 1
072 N001200 9
072 O001200 0
072 P001200 0
072 Q001200 0
072 R001200 2
072 S001200 5
072 T001200 28
072 U001200 2
072 V001200 0
072 W001200 3
072 X001200 364
072 Y001200 0
072 Z001200 300
072AA001200 5662
<PAGE> PAGE 49
072BB001200 2134
072CC011200 865
072CC021200 0
072DD011200 0
072DD021200 0
072EE001200 0
073 A011200 0.0000
073 A021200 0.0000
073 B001200 0.0000
073 C001200 0.0000
074 A001200 0
074 B001200 0
074 C001200 0
074 D001200 0
074 E001200 0
074 F001200 71955
074 G001200 0
074 H001200 0
074 I001200 2711
074 J001200 679
074 K001200 0
074 L001200 168
074 M001200 19
074 N001200 75532
074 O001200 332
074 P001200 46
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 41
074 S001200 0
074 T001200 75113
074 U011200 5766
074 U021200 371
074 V011200 12.25
074 V021200 12.10
074 W001200 0.0000
074 X001200 1658
074 Y001200 0
075 A001200 0
075 B001200 67134
076 001200 0.00
015 A001301 NATIONAL CITY BANK
015 B001301 C
015 C011301 CLEVELAND
015 C021301 OH
015 C031301 44135
015 E031301 X
015 A001302 BANK OF CALIFORNIA, NA
015 B001302 S
<PAGE> PAGE 50
015 C011302 SAN FRANCISCO
015 C021302 CA
015 C031302 94111
015 E041302 X
024 001300 Y
025 A001301 MERRILL LYNCH
025 B001301 13-5674085
025 C001301 D
025 D001301 2003
025 A001302 DELETE
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025 D001304 0
025 D001305 0
025 D001306 0
025 D001307 0
025 D001308 0
028 A011300 1193
028 A021300 0
028 A031300 0
028 A041300 3542
028 B011300 9699
028 B021300 652
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028 B041300 1739
028 C011300 973
028 C021300 261
028 C031300 0
028 C041300 1119
028 D011300 2564
028 D021300 257
028 D031300 0
028 D041300 2309
028 E011300 4541
028 E021300 254
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028 E041300 4561
028 F011300 5202
028 F021300 482
028 F031300 0
028 F041300 11169
028 G011300 24172
028 G021300 1906
028 G031300 0
028 G041300 24439
028 H001300 107
029 001300 Y
030 A001300 3
030 B001300 2.75
030 C001300 0.00
031 A001300 3
<PAGE> PAGE 51
031 B001300 0
032 001300 0
033 001300 0
034 001300 N
035 001300 0
036 B001300 0
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038 001300 0
039 001300 N
040 001300 Y
041 001300 Y
042 A001300 0
042 B001300 0
042 C001300 0
042 D001300 0
042 E001300 0
042 F001300 0
042 G001300 0
042 H001300 100
043 001300 3
044 001300 0
045 001300 Y
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047 001300 Y
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048 E021300 0.000
048 F011300 0
048 F021300 0.000
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048 G021300 0.000
048 H011300 0
048 H021300 0.000
048 I011300 0
048 I021300 0.000
048 J011300 0
048 J021300 0.000
048 K011300 0
048 K021300 0.000
055 A001300 N
055 B001300 N
056 001300 Y
057 001300 N
<PAGE> PAGE 52
058 A001300 N
059 001300 Y
060 A001300 Y
060 B001300 Y
061 001300 0
062 A001300 Y
062 B001300 20.1
062 C001300 9.2
062 D001300 0.0
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 4.8
062 M001300 25.3
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062 O001300 0.0
062 P001300 10.0
062 Q001300 23.4
062 R001300 7.2
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063 B001300 1.9
064 A001300 N
064 B001300 N
066 A001300 N
067 001300 N
068 A001300 N
068 B001300 N
069 001300 N
070 A011300 Y
070 A021300 N
070 B011300 N
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 N
070 D021300 N
070 E011300 Y
070 E021300 N
070 F011300 N
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 N
070 H021300 N
070 I011300 N
070 I021300 N
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<PAGE> PAGE 53
070 J021300 N
070 K011300 Y
070 K021300 Y
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070 L021300 Y
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070 N021300 N
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<PAGE> PAGE 54
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015 A001401 NATIONAL CITY BANK
015 B001401 C
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015 E031401 X
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<PAGE> PAGE 55
015 E041402 X
024 001400 Y
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<PAGE> PAGE 56
035 001400 0
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<PAGE> PAGE 57
061 001400 0
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063 A001400 0
063 B001400 11.6
064 A001400 N
064 B001400 N
066 A001400 N
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
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070 B021400 N
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070 D011400 N
070 D021400 N
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070 F011400 N
070 F021400 N
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070 G021400 N
070 H011400 N
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 Y
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<PAGE> PAGE 58
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070 R021400 N
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<PAGE> PAGE 59
073 A021400 0.4403
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075 B001400 271960
076 001400 0.00
SIGNATURE WENDY MCGEE
TITLE LEGAL ASSISTANT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000778202
<NAME> ARMADA FUNDS
<SERIES>
<NUMBER> 011
<NAME> MONEY MARKET PORTFOLIO - INSTITUTIONAL
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<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000778202
<NAME> ARMADA FUNDS
<SERIES>
<NUMBER> 132
<NAME> ENHANCED INCOME FUND - RETAIL
<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000778202
<NAME> ARMADA FUNDS
<SERIES>
<NUMBER> 141
<NAME> TOTAL RETURN ADVANTAGE FUND - INSTITUTIONAL
<S> <C>
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<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-END> NOV-30-1995
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000778202
<NAME> ARMADA FUNDS
<SERIES>
<NUMBER> 142
<NAME> TOTAL RETURN ADVANTAGE FUND - RETAIL
<S> <C>
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</TABLE>
