CRESTFUNDS INC/
NSAR-A, 1999-07-30
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<PAGE>      PAGE  1
000 A000000 05/31/1999
000 C000000 0000790814
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 U
001 A000000 CRESTFUNDS, INC.
001 B000000 811-4620
001 C000000 8002737827
002 A000000 32 SOUTH STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 15
007 C010100  1
007 C020100 CASH RESERVE FUND
007 C030100 Y
007 C010200  2
007 C020200 U.S. TREASURY MONEY FUND
007 C030200 Y
007 C010300  3
007 C020300 TAX FREE MONEY FUND
007 C030300 Y
007 C010400  4
007 C020400 INTERMEDIATE BOND FUND
007 C030400 Y
007 C010500  5
007 C020500 LIMITED TERM BOND FUND
007 C030500 Y
007 C010600  6
007 C020600 SPECIAL EQUITY FUND
007 C030600 Y
007 C010700  7
007 C020700 VALUE FUND
007 C030700 Y
007 C010800  8
007 C010900  9
007 C020900 VIRGINIA INTERMEDIATE MUNICIPAL BOND
007 C030900 Y
007 C011000 10
007 C021000 CAPITAL APPRECIATION FUND
007 C031000 Y
007 C011100 11
<PAGE>      PAGE  2
007 C021100 GOVERNMENT BOND FUND
007 C031100 Y
007 C011200 12
007 C021200 VIRGINIA MUNICIPAL BOND FUND
007 C031200 Y
007 C011300 13
007 C021300 MARYLAND MUNICIPAL BOND FUND
007 C031300 Y
007 C011400 14
007 C021400 LIFE VISION MAXIMUM GROWTH FUND
007 C031400 Y
007 C011500 15
007 C021500 LIFE VISION GROWTH & INCOME FUND
007 C031500 Y
007 C011600 16
007 C021600 LIFE VISION BALANCED FUND
007 C031600 Y
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
020 A000001 INTERSTATE/JOHNSON LANE
020 B000001 56-0276690
020 C000001    105
020 A000002 BEAR STEARNS
020 B000002 13-2975144
020 C000002     96
020 A000003 CANTOR FITZGERALD & CO
020 B000003 13-3680184
020 C000003     71
020 A000004 SALOMON SMITH BARNEY
020 B000004 13-2518446
020 C000004     64
020 A000005 MERRILL LYNCH GOVERNMENT SECURITIES
020 B000005 13-5674085
020 C000005     47
020 A000006 PRUDENTIAL SECURITIES
020 B000006 22-2347336
020 C000006     42
020 A000007 GOLDMAN SACHS
020 B000007 13-5108880
020 C000007     36
020 A000008 DONALDSON, LUFKIN & JENRETTE
020 B000008 13-1898818
020 C000008     33
020 A000009 CAPITAL INSTITUTIONAL SECURITIES
020 B000009 75-1565705
020 C000009     29
020 A000010 SCHRODER WERTHEIM
020 C000010     27
021  000000      750
<PAGE>      PAGE  3
022 A000001 JP MORGAN
022 B000001 13-3224016
022 C000001    722049
022 D000001    717693
022 A000002 MERRILL LYNCH GOVERNMENT SECURITIES
022 B000002 13-5674085
022 C000002    817842
022 D000002    602482
022 A000003 DEUTSCHE BANK
022 B000003 14-348532
022 C000003    688010
022 D000003    541899
022 A000004 PAINE WEBBER
022 B000004 13-2760086
022 C000004    465746
022 D000004    414708
022 A000005 BARCLAY
022 B000005 13-4942190
022 C000005    376018
022 D000005    380892
022 A000006 GREENWICH CAPITAL
022 B000006 13-3172275
022 C000006    371234
022 D000006    370367
022 A000007 SWISS BANK
022 B000007 13-2639550
022 C000007    322417
022 D000007    291996
022 A000008 MORGAN KEEGAN
022 B000008 64-0474907
022 C000008    400114
022 D000008      6637
022 A000009 GOLDMAN SACHS
022 B000009 13-5108880
022 C000009    194146
022 D000009    109490
022 A000010 MORGAN STANLEY
022 B000010 13-2655998
022 C000010    144614
022 D000010    150113
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023 D000000    5817891
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<PAGE>      PAGE  4
027  000000 Y
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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
040  000300 Y
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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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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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024  000900 N
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<PAGE>      PAGE  23
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037  000900 N
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039  000900 N
040  000900 Y
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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024  001000 N
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<PAGE>      PAGE  26
042 F001000   0
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<PAGE>      PAGE  27
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<PAGE>      PAGE  28
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034  001100 Y
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
073 C001100   0.0000
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024  001200 N
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<PAGE>      PAGE  31
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<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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037  001300 N
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039  001300 N
<PAGE>      PAGE  34
040  001300 Y
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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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037  001400 N
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<PAGE>      PAGE  37
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SIGNATURE   BOB DELLACROCE
TITLE       CONTROLLER



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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 040
   <NAME> INTERMEDIATE BOND FUND TRUST CLASS
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<S>                             <C>
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<TABLE> <S> <C>

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<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
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   <NAME> INTERMEDIATE BOND FUND INVESTOR CLASS
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 050
   <NAME> LIMITED-TERM BOND FUND
<MULTIPLIER> 1,000

<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 060
   <NAME> SPECIAL EQUITY TRUST CLASS
<MULTIPLIER> 1,000

<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 061
   <NAME> SPECIAL EQUITY INVESTOR CLASS
<MULTIPLIER> 1,000

<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 070
   <NAME> VALUE FUND TRUST CLASS
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000790814
<NAME> CRESTFUNDS
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   <NUMBER> 071
   <NAME> VALUE FUND INVESTOR CLASS A
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<S>                             <C>
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<S>                             <C>
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<S>                             <C>
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<NAME> CRESTFUNDS
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   <NAME> VIRGINIA MUNICIPAL TRUST CLASS
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