<PAGE> PAGE 1
000 B000000 03/31/96
000 C000000 0000789280
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 CORNERCAP GROUP OF FUNDS
001 B000000 811-4581
001 C000000 4042400666
002 A000000 100 NORTHCREEK, SUITE 250
002 B000000 ATLANTA
002 C000000 GA
002 D010000 30327
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 CORNERCAP GROWTH FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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011 A00AA01 ATKKISON, CARTER & AKERS
011 B00AA01 8-33797
011 C01AA01 ATLANTA
011 C02AA01 GA
011 C03AA01 30305
012 A00AA01 FUND SERVICES, INC.
012 B00AA01 84-1553
012 C01AA01 RICHMOND
012 C02AA01 VA
012 C03AA01 23229
013 A00AA01 TAIT, WELLER AND BAKER
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19102
013 B04AA01 1707
015 A00AA01 WACHOVIA BANK OF N.C.
015 B00AA01 C
015 C01AA01 WINSTON-SALEM
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015 C03AA01 27150
015 C04AA01 3099
015 E01AA01 X
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<PAGE> PAGE 4
020 A000003 INTERSTATE,JOHNSON,LANE
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<PAGE> PAGE 5
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<PAGE> PAGE 6
086 C010000 0
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<PAGE> PAGE 7
039 000100 N
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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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SIGNATURE THOMAS E. QUINN
TITLE PRINCIPAL
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000789280
<NAME> CORNERCAP GROUP OF FUNDS
<CURRENCY> US
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-START> APR-01-1995
<PERIOD-END> MAR-31-1996
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 7,265,699
<INVESTMENTS-AT-VALUE> 8,363,975
<RECEIVABLES> 6,609
<ASSETS-OTHER> 7,214
<OTHER-ITEMS-ASSETS> 350
<TOTAL-ASSETS> 8,378,148
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,899
<TOTAL-LIABILITIES> 6,899
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,040,926
<SHARES-COMMON-STOCK> 853,467
<SHARES-COMMON-PRIOR> 847,312
<ACCUMULATED-NII-CURRENT> 15,121
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (783,074)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,098,276
<NET-ASSETS> 8,371,249
<DIVIDEND-INCOME> 165,195
<INTEREST-INCOME> 17,080
<OTHER-INCOME> 0
<EXPENSES-NET> 142,097
<NET-INVESTMENT-INCOME> 40,178
<REALIZED-GAINS-CURRENT> 201,707
<APPREC-INCREASE-CURRENT> 862,129
<NET-CHANGE-FROM-OPS> 1,104,014
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 51,322
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 211,232
<NUMBER-OF-SHARES-REDEEMED> 210,768
<SHARES-REINVESTED> 5,691
<NET-CHANGE-IN-ASSETS> 1,072,601
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 81,373
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 191,241
<AVERAGE-NET-ASSETS> 8,137,300
<PER-SHARE-NAV-BEGIN> 8.61
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> 1.22
<PER-SHARE-DIVIDEND> .06
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.81
<EXPENSE-RATIO> 1.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
