REPUBLIC FUNDS
NSAR-A, 1997-06-30
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<PAGE>      PAGE  1
000 A000000 04/30/97
000 C000000 0000798290
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 REPUBLIC FUNDS
001 B000000 811-4782
001 C000000 6144708000
002 A000000 3435 STELZER RD
002 B000000 COLUMBUS
002 C000000 OH
002 D010000 43219
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  6
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C020700 REPUBLIC NEW YORK TAX FREE MONEY MARKET FUND
007 C030700 N
007 C010800  8
007 C010900  9
007 C011000 10
007 C021000 REPUBLIC NEW YORK TAX FREE BOND FUND
007 C031000 N
007 C011100 11
007 C021100 REPUBLIC EQUITY FUND
007 C031100 N
007 C011200 12
007 C021200 REPUBLIC BOND FUND
007 C031200 N
007 C011300 13
007 C021300 REPUBLIC OVERSEAS EQUITY FUND
007 C031300 N
007 C011400 14
007 C021400 REPUBLIC OPPORTUNITY FUND
007 C031400 N
007 C011500 15
007 C011600 16
007 C011700 17
<PAGE>      PAGE  2
007 C011800 18
007 C011900 19
007 C012000 20
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007 C013000 30
010 A00AA01 BISYS FUND SERVICES
010 B00AA01 8-41134
010 C01AA01 COLUMBUS
010 C02AA01 OH
010 C03AA01 43219
011 A00AA01 BISYS FUND SERVICES
011 B00AA01 8-41134
011 C01AA01 COLUMBUS
011 C02AA01 OH
011 C03AA01 43219
012 A00AA01 INVESTORS BANK & TRUST COMPANY
012 B00AA01 85-720
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02111
012 A00AA02 REPUBLIC NATIONAL BANK OF NEW YORK
012 B00AA02 84-0000000
012 C01AA02 NEW YORK
012 C02AA02 NY
012 C03AA02 10036
013 A00AA01 KPMG PEAT MARWICK
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02111
015 A00AA01 INVESTOR BANK & TRUST
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015 E04AA01 X
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019 C00AA00 REPUBLICFU
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020 A000002 MERRILL LYNCH PIERCE FENNER & SMITH
<PAGE>      PAGE  3
020 B000002 000161
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020 A000003 MORGAN STANLEY & CO.
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020 A000004 BERNSTEIN (SANFORD C.) & CO.
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020 A000005 GOLDMAN SACHS & CO.
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020 B000006 008931
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022 A000001 GOLDMAN SACHS & CO.
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022 A000003 MORGAN STANLEY & CO.
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022 A000004 SMITH BARNEY, INC.
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022 A000005 PRUDENTIAL SECURITIES, INC.
022 B000005 000030
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022 D000005     21850
022 A000006 J.P. MORGAN SECURITIES, INC.
022 B000006 000357
022 C000006     19100
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<PAGE>      PAGE  4
022 A000007 DREYFUS SERVICE CORP.
022 B000007 996736
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022 A000008 FIRST ALBANY CORP.
022 B000008 000312
022 C000008     20570
022 D000008     13602
022 A000009 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000009 000161
022 C000009     13954
022 D000009      9895
022 A000010 PROVIDENT NATIONAL BANK
022 B000010 900300
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<PAGE>      PAGE  5
040  00AA00 Y
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008 A000701 REPUBLIC NATIONAL BANK OF NEW YORK
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<PAGE>      PAGE  6
008 D030701 10036
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
064 A000700 N
066 A000700 N
067  000700 N
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068 B000700 N
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070 A010700 Y
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070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
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070 J020700 N
070 K010700 Y
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070 L010700 Y
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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008 A000801 REPUBLIC NATIONAL BANK OF NEW YORK
008 B000801 A
008 C000801 801-37980
008 D010801 NEW YORK
008 D020801 NY
008 D030801 10036
008 A000802 MILLER ANDERSON & SHERRERD
008 B000802 S
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008 D010802 WEST CONSHOHOCKEN
008 D020802 PA
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<PAGE>      PAGE  11
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055 A000800 N
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<PAGE>      PAGE  12
062 M000800   0.0
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063 B000800  9.5
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066 A000800 N
067  000800 N
068 A000800 N
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069  000800 N
070 A010800 Y
070 A020800 N
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070 C020800 N
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070 E020800 N
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070 H020800 N
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070 I020800 N
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
074 K000800        0
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008 A000901 REPUBLIC NATIONAL BANK OF NEW YORK
008 B000901 A
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008 A000902 CAPITAL GUARDIAN TRUST COMPANY
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008 D010902 LOS ANGELES
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
066 E000900 N
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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008 A001001 REPUBLIC NATIONAL BANK OF NEW YORK
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<PAGE>      PAGE  19
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048 C021000 0.000
048 D011000        0
048 D021000 0.000
048 E011000        0
048 E021000 0.000
048 F011000        0
048 F021000 0.000
048 G011000        0
048 G021000 0.000
048 H011000        0
048 H021000 0.000
048 I011000        0
048 I021000 0.000
048 J011000        0
048 J021000 0.000
048 K011000        0
048 K021000 0.000
049  001000 N
050  001000 N
051  001000 N
052  001000 N
053 A001000 Y
053 B001000 Y
053 C001000 N
055 A001000 N
055 B001000 N
056  001000 Y
057  001000 N
058 A001000 N
059  001000 Y
060 A001000 N
060 B001000 N
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062 A001000 Y
062 B001000   0.0
062 C001000   0.0
<PAGE>      PAGE  20
062 D001000   0.0
062 E001000   0.0
062 F001000   0.0
062 G001000   0.0
062 H001000   0.0
062 I001000   0.0
062 J001000   0.0
062 K001000   0.0
062 L001000  14.0
062 M001000   0.0
062 N001000   0.0
062 O001000  90.4
062 P001000   0.0
062 Q001000   0.0
062 R001000   0.0
063 A001000   0
063 B001000  8.3
064 A001000 Y
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 Y
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 Y
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 N
<PAGE>      PAGE  21
070 N021000 N
070 O011000 N
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000     29015
071 B001000     20155
071 C001000     18566
071 D001000  109
072 A001000  6
072 B001000      510
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072 D001000        0
072 E001000        0
072 F001000       23
072 G001000        9
072 H001000        0
072 I001000       23
072 J001000       10
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072 P001000        0
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072 R001000        9
072 S001000        3
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072 U001000        3
072 V001000        0
072 W001000       21
072 X001000      131
072 Y001000       56
072 Z001000      435
072AA001000      175
072BB001000        0
072CC011000        0
072CC021000      254
072DD011000      244
072DD021000      191
072EE001000       27
073 A011000   0.2300
073 A021000   0.2400
073 B001000   0.0100
073 C001000   0.0000
074 A001000        0
<PAGE>      PAGE  22
074 B001000        0
074 C001000      102
074 D001000    23593
074 E001000        0
074 F001000        0
074 G001000        0
074 H001000        0
074 I001000        0
074 J001000        0
074 K001000       16
074 L001000      541
074 M001000       16
074 N001000    24268
074 O001000     1502
074 P001000       22
074 Q001000        0
074 R011000        0
074 R021000        0
074 R031000        0
074 R041000       71
074 S001000        0
074 T001000    22673
074 U011000     1430
074 U021000      794
074 V011000    10.20
074 V021000    10.20
074 W001000   0.0000
074 X001000       17
074 Y001000        0
075 A001000        0
075 B001000    18866
076  001000     0.00
008 A001101 REPUBLIC NATIONAL BANK OF NEW YORK
008 B001101 A
008 C001101 801-37980
008 D011101 NEW YORK
008 D021101 NY
008 D031101 10018
008 A001102 ALLIANCE CAPITAL
008 B001102 S
008 C001102 801-000000
008 D011102 NEW YORK
008 D021102 NY
008 D031102 10105
008 A001103 BRINSON PARTNERS
008 B001103 S
008 C001103 801-000000
008 D011103 CHICAGO
008 D021103 IL
008 D031103 60604
028 A011100       955
<PAGE>      PAGE  23
028 A021100         0
028 A031100         0
028 A041100       413
028 B011100       419
028 B021100       707
028 B031100         0
028 B041100       303
028 C011100       485
028 C021100         0
028 C031100         0
028 C041100        81
028 D011100       393
028 D021100         0
028 D031100         0
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028 E011100       456
028 E021100         4
028 E031100         0
028 E041100       186
028 F011100      1072
028 F021100         0
028 F031100         0
028 F041100      1057
028 G011100      3780
028 G021100       711
028 G031100         0
028 G041100      2261
028 H001100         0
042 A001100   0
042 B001100   0
042 C001100   0
042 D001100   0
042 E001100   0
042 F001100   0
042 G001100   0
042 H001100 100
043  001100      6
044  001100      0
045  001100 Y
046  001100 Y
047  001100 Y
048  001100  0.000
048 A011100    50000
048 A021100 0.325
048 B011100    50000
048 B021100 0.250
048 C011100   100000
048 C021100 0.200
048 D011100        0
048 D021100 0.000
048 E011100        0
<PAGE>      PAGE  24
048 E021100 0.000
048 F011100        0
048 F021100 0.000
048 G011100        0
048 G021100 0.000
048 H011100        0
048 H021100 0.000
048 I011100        0
048 I021100 0.000
048 J011100        0
048 J021100 0.000
048 K011100   200000
048 K021100 0.150
049  001100 N
050  001100 N
051  001100 N
052  001100 N
053 A001100 N
055 A001100 N
055 B001100 N
056  001100 Y
057  001100 N
058 A001100 N
059  001100 Y
060 A001100 Y
060 B001100 Y
061  001100     1000
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
063 B001100  0.0
066 A001100 Y
066 E001100 Y
067  001100 N
068 A001100 N
<PAGE>      PAGE  25
068 B001100 N
069  001100 N
070 A011100 Y
070 A021100 N
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 Y
070 L021100 N
070 M011100 Y
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 N
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 Y
070 Q021100 N
070 R011100 N
070 R021100 N
071 A001100     42658
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072 B001100       30
072 C001100      396
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072 E001100        0
072 F001100      101
072 G001100       22
072 H001100        0
072 I001100        6
<PAGE>      PAGE  26
072 J001100        8
072 K001100        0
072 L001100       10
072 M001100        2
072 N001100        0
072 O001100        0
072 P001100        0
072 Q001100       19
072 R001100        9
072 S001100        5
072 T001100        0
072 U001100        3
072 V001100        0
072 W001100       21
072 X001100      206
072 Y001100        5
072 Z001100      225
072AA001100     6160
072BB001100        0
072CC011100        0
072CC021100     2279
072DD011100      340
072DD021100      129
072EE001100       49
073 A011100   0.0800
073 A021100   0.0900
073 B001100   0.2200
073 C001100   0.0000
074 A001100     1719
074 B001100        0
074 C001100        0
074 D001100        0
074 E001100        0
074 F001100    40586
074 G001100        0
074 H001100        0
074 I001100        0
074 J001100      113
074 K001100        0
074 L001100      166
074 M001100       17
074 N001100    42601
074 O001100       41
074 P001100       38
074 Q001100        0
074 R011100        0
074 R021100        0
074 R031100        0
074 R041100       80
074 S001100        0
074 T001100    42442
<PAGE>      PAGE  27
074 U011100      429
074 U021100     2856
074 V011100    12.91
074 V021100    12.92
074 W001100   0.0000
074 X001100       35
074 Y001100        0
075 A001100        0
075 B001100    40684
076  001100     0.00
028 A011200       118
028 A021200         0
028 A031200         0
028 A041200         0
028 B011200        23
028 B021200         0
028 B031200         0
028 B041200         0
028 C011200       207
028 C021200         0
028 C031200         0
028 C041200         0
028 D011200       115
028 D021200         0
028 D031200         0
028 D041200         0
028 E011200       186
028 E021200         0
028 E031200         0
028 E041200         0
028 F011200       271
028 F021200         0
028 F031200         0
028 F041200        33
028 G011200       920
028 G021200         0
028 G031200         0
028 G041200        33
028 H001200         0
042 A001200   0
042 B001200   0
042 C001200   0
042 D001200   0
042 E001200   0
042 F001200   0
042 G001200   0
042 H001200 100
043  001200      0
044  001200      0
045  001200 N
048  001200  0.000
<PAGE>      PAGE  28
048 A011200        0
048 A021200 0.000
048 B011200        0
048 B021200 0.000
048 C011200        0
048 C021200 0.000
048 D011200        0
048 D021200 0.000
048 E011200        0
048 E021200 0.000
048 F011200        0
048 F021200 0.000
048 G011200        0
048 G021200 0.000
048 H011200        0
048 H021200 0.000
048 I011200        0
048 I021200 0.000
048 J011200        0
048 J021200 0.000
048 K011200        0
048 K021200 0.000
055 A001200 N
055 B001200 N
056  001200 N
057  001200 N
058 A001200 N
059  001200 Y
060 A001200 Y
060 B001200 Y
061  001200     1000
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
<PAGE>      PAGE  29
066 A001200 N
067  001200 N
068 A001200 N
068 B001200 N
069  001200 N
071 A001200         0
071 B001200         0
071 C001200         0
071 D001200    0
072 A001200  6
072 B001200       12
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072 D001200        0
072 E001200        0
072 F001200        0
072 G001200        0
072 H001200        0
072 I001200        0
072 J001200        0
072 K001200        0
072 L001200        8
072 M001200        0
072 N001200        6
072 O001200        0
072 P001200        0
072 Q001200        0
072 R001200        4
072 S001200        0
072 T001200        0
072 U001200        3
072 V001200        0
072 W001200        3
072 X001200       24
072 Y001200       22
072 Z001200       10
072AA001200        0
072BB001200        2
072CC011200        0
072CC021200        3
072DD011200       10
072DD021200        0
072EE001200        0
073 A011200   0.2700
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
<PAGE>      PAGE  30
074 F001200        0
074 G001200        0
074 H001200        0
074 I001200      881
074 J001200        8
074 K001200       13
074 L001200        0
074 M001200       18
074 N001200      920
074 O001200        0
074 P001200        0
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200        0
074 R041200        8
074 S001200        0
074 T001200      912
074 U011200       89
074 U021200        0
074 V011200    10.23
074 V021200     0.00
074 W001200   0.0000
074 X001200        2
074 Y001200        0
075 A001200        0
075 B001200      383
076  001200     0.00
028 A011300       174
028 A021300         0
028 A031300         0
028 A041300        16
028 B011300        85
028 B021300         0
028 B031300         0
028 B041300        15
028 C011300        38
028 C021300         0
028 C031300         0
028 C041300         0
028 D011300        77
028 D021300         0
028 D031300         0
028 D041300        10
028 E011300       281
028 E021300         0
028 E031300         0
028 E041300         0
028 F011300       365
028 F021300         0
028 F031300         0
<PAGE>      PAGE  31
028 F041300         8
028 G011300      1020
028 G021300         0
028 G031300         0
028 G041300        49
028 H001300         0
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      1
044  001300      0
045  001300 N
048  001300  0.000
048 A011300        0
048 A021300 0.000
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048 B021300 0.000
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048 C021300 0.000
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048 D021300 0.000
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048 E021300 0.000
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048 F021300 0.000
048 G011300        0
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
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048 K021300 0.000
055 A001300 N
055 B001300 N
056  001300 N
057  001300 N
058 A001300 N
059  001300 Y
060 A001300 Y
060 B001300 Y
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062 A001300 N
062 B001300   0.0
<PAGE>      PAGE  32
062 C001300   0.0
062 D001300   0.0
062 E001300   0.0
062 F001300   0.0
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062 H001300   0.0
062 I001300   0.0
062 J001300   0.0
062 K001300   0.0
062 L001300   0.0
062 M001300   0.0
062 N001300   0.0
062 O001300   0.0
062 P001300   0.0
062 Q001300   0.0
062 R001300   0.0
066 A001300 Y
066 B001300 N
066 C001300 N
066 D001300 N
066 E001300 Y
066 F001300 N
066 G001300 N
067  001300 N
068 A001300 N
068 B001300 Y
069  001300 N
071 A001300         0
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<PAGE>      PAGE  33
072 U001300        3
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<PAGE>      PAGE  34
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043  001400      5
044  001400      0
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<PAGE>      PAGE  35
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056  001400 N
057  001400 N
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062 B001400   0.0
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066 A001400 Y
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066 F001400 N
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<PAGE>      PAGE  36
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074 F001400        0
074 G001400        0
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<PAGE>      PAGE  37
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074 P001400        0
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074 S001400        0
074 T001400     4900
074 U011400      507
074 U021400        0
074 V011400     9.65
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074 X001400        6
074 Y001400        0
075 A001400        0
075 B001400     3895
076  001400     0.00
SIGNATURE   CORY GOSSARD                                 
TITLE       ANALYST             
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000798290
<NAME> REPUBLIC FUNDS
<SERIES>
   <NUMBER> 071
   <NAME> NEW YORK TAX FREE MONEY MARKET FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                         81318436
<INVESTMENTS-AT-VALUE>                        81318436
<RECEIVABLES>                                   359458
<ASSETS-OTHER>                                  104362
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                82082256
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       451318
<TOTAL-LIABILITIES>                             451318
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      81630938
<SHARES-COMMON-STOCK>                         75675613<F1>
<SHARES-COMMON-PRIOR>                         78593998<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                  81630938
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              1593459
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  266437
<NET-INVESTMENT-INCOME>                        1327022
<REALIZED-GAINS-CURRENT>                           209
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          1327231
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      1207428<F1>
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      112420172<F1>
<NUMBER-OF-SHARES-REDEEMED>                  116496334<F1>
<SHARES-REINVESTED>                            1157777<F1>
<NET-CHANGE-IN-ASSETS>                          676766
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            66786
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 317789
<AVERAGE-NET-ASSETS>                          92791000
<PER-SHARE-NAV-BEGIN>                             1.00<F1>
<PER-SHARE-NII>                                   .014<F1>
<PER-SHARE-GAIN-APPREC>                              0<F1>
<PER-SHARE-DIVIDEND>                              .014<F1>
<PER-SHARE-DISTRIBUTIONS>                            0<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                               1.00<F1>
<EXPENSE-RATIO>                                    .60<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class C Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000798290
<NAME> REPUBLIC FUNDS
<SERIES>
   <NUMBER> 072
   <NAME> NEW YORK TAX FREE MONEY MARKET FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                         81318436
<INVESTMENTS-AT-VALUE>                        81318436
<RECEIVABLES>                                   359458
<ASSETS-OTHER>                                  104362
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                82082256
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       451318
<TOTAL-LIABILITIES>                             451318
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      81630938
<SHARES-COMMON-STOCK>                          5955325<F1>
<SHARES-COMMON-PRIOR>                          3713706<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                  81630938
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              1593459
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  266437
<NET-INVESTMENT-INCOME>                        1327022
<REALIZED-GAINS-CURRENT>                           209
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          1327231
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       119804<F1>
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       71895699<F1>
<NUMBER-OF-SHARES-REDEEMED>                   69670590<F1>
<SHARES-REINVESTED>                              16510<F1>
<NET-CHANGE-IN-ASSETS>                          676766
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            66786
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 317789
<AVERAGE-NET-ASSETS>                          92791000
<PER-SHARE-NAV-BEGIN>                             1.00<F1>
<PER-SHARE-NII>                                   .015<F1>
<PER-SHARE-GAIN-APPREC>                              0<F1>
<PER-SHARE-DIVIDEND>                              .015<F1>
<PER-SHARE-DISTRIBUTIONS>                            0<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                               1.00<F1>
<EXPENSE-RATIO>                                    .35<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class Y Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000798290
<NAME> REPUBLIC FUNDS
<SERIES>
   <NUMBER> 101
   <NAME> NEW YORK TAX FREE BOND FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                         23769241
<INVESTMENTS-AT-VALUE>                        23694710
<RECEIVABLES>                                   557669
<ASSETS-OTHER>                                   15840
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                24268219
<PAYABLE-FOR-SECURITIES>                       1501805
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        93438
<TOTAL-LIABILITIES>                            1595243
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      22546154
<SHARES-COMMON-STOCK>                          1430185<F1>
<SHARES-COMMON-PRIOR>                           616806<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         175091
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (48269)
<NET-ASSETS>                                  22672976
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               509889
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   74902
<NET-INVESTMENT-INCOME>                         434987
<REALIZED-GAINS-CURRENT>                        175091
<APPREC-INCREASE-CURRENT>                     (253943)
<NET-CHANGE-FROM-OPS>                           356135
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       243911<F1>
<DISTRIBUTIONS-OF-GAINS>                         14151<F1>
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         979933<F1>
<NUMBER-OF-SHARES-REDEEMED>                     188643<F1>
<SHARES-REINVESTED>                              22089<F1>
<NET-CHANGE-IN-ASSETS>                         8087541
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        26740
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            23364
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 130719
<AVERAGE-NET-ASSETS>                          18866000
<PER-SHARE-NAV-BEGIN>                            10.30<F1>
<PER-SHARE-NII>                                    .23<F1>
<PER-SHARE-GAIN-APPREC>                            .09<F1>
<PER-SHARE-DIVIDEND>                               .23<F1>
<PER-SHARE-DISTRIBUTIONS>                          .01<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                              10.20<F1>
<EXPENSE-RATIO>                                    .85<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class C Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000798290
<NAME> REPUBLIC FUNDS
<SERIES>
   <NUMBER> 102
   <NAME> NEW YORK TAX FREE BOND FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                         23769241
<INVESTMENTS-AT-VALUE>                        23694710
<RECEIVABLES>                                   557669
<ASSETS-OTHER>                                   15840
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                24268219
<PAYABLE-FOR-SECURITIES>                       1501805
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        93438
<TOTAL-LIABILITIES>                            1595243
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      22546154
<SHARES-COMMON-STOCK>                           793639<F1>
<SHARES-COMMON-PRIOR>                           799293<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         175091
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (48269)
<NET-ASSETS>                                  22672976
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               509889
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   74902
<NET-INVESTMENT-INCOME>                         434987
<REALIZED-GAINS-CURRENT>                        175091
<APPREC-INCREASE-CURRENT>                     (253943)
<NET-CHANGE-FROM-OPS>                           356135
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       191076<F1>
<DISTRIBUTIONS-OF-GAINS>                         12589<F1>
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          32988<F1>
<NUMBER-OF-SHARES-REDEEMED>                      43351<F1>
<SHARES-REINVESTED>                               4709<F1>
<NET-CHANGE-IN-ASSETS>                         8087541
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        26740
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            23364
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 130719
<AVERAGE-NET-ASSETS>                          18866000
<PER-SHARE-NAV-BEGIN>                            10.30<F1>
<PER-SHARE-NII>                                    .24<F1>
<PER-SHARE-GAIN-APPREC>                            .09<F1>
<PER-SHARE-DIVIDEND>                               .24<F1>
<PER-SHARE-DISTRIBUTIONS>                          .01<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                              10.20<F1>
<EXPENSE-RATIO>                                    .75<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class Y Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000798290
<NAME> REPUBLIC FUNDS
<SERIES>
   <NUMBER> 111
   <NAME> EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                         39184186
<INVESTMENTS-AT-VALUE>                        40586444
<RECEIVABLES>                                   278766
<ASSETS-OTHER>                                 1735503
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                42600713
<PAYABLE-FOR-SECURITIES>                         41373
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       117375
<TOTAL-LIABILITIES>                             158748
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      34867423
<SHARES-COMMON-STOCK>                           429391<F1>
<SHARES-COMMON-PRIOR>                           328468<F1>
<ACCUMULATED-NII-CURRENT>                        21352
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        6150933
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       1402257
<NET-ASSETS>                                  42441965
<DIVIDEND-INCOME>                               395836
<INTEREST-INCOME>                                29875
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  201028
<NET-INVESTMENT-INCOME>                         224683
<REALIZED-GAINS-CURRENT>                       6159633
<APPREC-INCREASE-CURRENT>                    (2278950)
<NET-CHANGE-FROM-OPS>                          4105366
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        29186<F1>
<DISTRIBUTIONS-OF-GAINS>                         80739<F1>
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         168842<F1>
<NUMBER-OF-SHARES-REDEEMED>                      76058<F1>
<SHARES-REINVESTED>                               8139<F1>
<NET-CHANGE-IN-ASSETS>                         5368508
<ACCUMULATED-NII-PRIOR>                          73168
<ACCUMULATED-GAINS-PRIOR>                       681965
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           100821
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 206205
<AVERAGE-NET-ASSETS>                          40684000
<PER-SHARE-NAV-BEGIN>                            11.93<F1>
<PER-SHARE-NII>                                    .03<F1>
<PER-SHARE-GAIN-APPREC>                           1.25<F1>
<PER-SHARE-DIVIDEND>                               .08<F1>
<PER-SHARE-DISTRIBUTIONS>                          .22<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                              12.91<F1>
<EXPENSE-RATIO>                                   1.22<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class C Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000798290
<NAME> REPUBLIC FUNDS
<SERIES>
   <NUMBER> 112
   <NAME> EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                         39184186
<INVESTMENTS-AT-VALUE>                        40586444
<RECEIVABLES>                                   278766
<ASSETS-OTHER>                                 1735503
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                42600713
<PAYABLE-FOR-SECURITIES>                         41373
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       117375
<TOTAL-LIABILITIES>                             158748
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      34867423
<SHARES-COMMON-STOCK>                          2856029<F1>
<SHARES-COMMON-PRIOR>                          2779322<F1>
<ACCUMULATED-NII-CURRENT>                        21352
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        6150933
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       1402257
<NET-ASSETS>                                  42441965
<DIVIDEND-INCOME>                               395836
<INTEREST-INCOME>                                29875
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  201028
<NET-INVESTMENT-INCOME>                         224683
<REALIZED-GAINS-CURRENT>                       6159633
<APPREC-INCREASE-CURRENT>                    (2278950)
<NET-CHANGE-FROM-OPS>                          4105366
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       247314<F1>
<DISTRIBUTIONS-OF-GAINS>                        609926<F1>
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         131753<F1>
<NUMBER-OF-SHARES-REDEEMED>                     103925<F1>
<SHARES-REINVESTED>                              48879<F1>
<NET-CHANGE-IN-ASSETS>                         5368508
<ACCUMULATED-NII-PRIOR>                          73168
<ACCUMULATED-GAINS-PRIOR>                       681965
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           100821
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 206205
<AVERAGE-NET-ASSETS>                          40684000
<PER-SHARE-NAV-BEGIN>                            11.93<F1>
<PER-SHARE-NII>                                    .08<F1>
<PER-SHARE-GAIN-APPREC>                           1.22<F1>
<PER-SHARE-DIVIDEND>                               .09<F1>
<PER-SHARE-DISTRIBUTIONS>                          .22<F1>
<RETURNS-OF-CAPITAL>                                 0<F1>
<PER-SHARE-NAV-END>                              12.92<F1>
<EXPENSE-RATIO>                                    .97<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Class Y Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000798290
<NAME> REPUBLIC FUNDS
<SERIES>
   <NUMBER> 121
   <NAME> BOND FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                          880592
<RECEIVABLES>                                    21491
<ASSETS-OTHER>                                   18452
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  920535
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         8077
<TOTAL-LIABILITIES>                               8077
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        915294
<SHARES-COMMON-STOCK>                            89206
<SHARES-COMMON-PRIOR>                             2005
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                           835
<ACCUM-APPREC-OR-DEPREC>                        (2001)
<NET-ASSETS>                                    912458
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                11894
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1069
<NET-INVESTMENT-INCOME>                           9788
<REALIZED-GAINS-CURRENT>                         (948)
<APPREC-INCREASE-CURRENT>                       (2248)
<NET-CHANGE-FROM-OPS>                             6592
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         9788
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          89683
<NUMBER-OF-SHARES-REDEEMED>                       3272
<SHARES-REINVESTED>                                790
<NET-CHANGE-IN-ASSETS>                          891886
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          113
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  22680
<AVERAGE-NET-ASSETS>                            383000
<PER-SHARE-NAV-BEGIN>                            10.26
<PER-SHARE-NII>                                    .27
<PER-SHARE-GAIN-APPREC>                          (.03)
<PER-SHARE-DIVIDEND>                               .27
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.23
<EXPENSE-RATIO>                                   1.11
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000798290
<NAME> REPUBLIC FUNDS
<SERIES>
   <NUMBER> 131
   <NAME> OVERSEAS EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                         1022936
<RECEIVABLES>                                   122259
<ASSETS-OTHER>                                   18915
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1164110
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         7340
<TOTAL-LIABILITIES>                               7340
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       1111548
<SHARES-COMMON-STOCK>                           104127
<SHARES-COMMON-PRIOR>                            13961
<ACCUMULATED-NII-CURRENT>                         1079
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          10615
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         33528
<NET-ASSETS>                                   1156770
<DIVIDEND-INCOME>                                 4811
<INTEREST-INCOME>                                  753
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2430
<NET-INVESTMENT-INCOME>                           1367
<REALIZED-GAINS-CURRENT>                         10353
<APPREC-INCREASE-CURRENT>                        32169
<NET-CHANGE-FROM-OPS>                            43889
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          293
<DISTRIBUTIONS-OF-GAINS>                            12
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          94728
<NUMBER-OF-SHARES-REDEEMED>                       4590
<SHARES-REINVESTED>                                 28
<NET-CHANGE-IN-ASSETS>                         1015033
<ACCUMULATED-NII-PRIOR>                              5
<ACCUMULATED-GAINS-PRIOR>                          274
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  22347
<AVERAGE-NET-ASSETS>                            498000
<PER-SHARE-NAV-BEGIN>                            10.15
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                            .95
<PER-SHARE-DIVIDEND>                               .01
<PER-SHARE-DISTRIBUTIONS>                          .00<F1>
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.11
<EXPENSE-RATIO>                                   1.70
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Less than $.01 per share.
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000798290
<NAME> REPUBLIC FUNDS
<SERIES>
   <NUMBER> 141
   <NAME> OPPORTUNITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                         4717028
<RECEIVABLES>                                   178485
<ASSETS-OTHER>                                   16847
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 4912360
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        12556
<TOTAL-LIABILITIES>                              12556
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       5103233
<SHARES-COMMON-STOCK>                           507744
<SHARES-COMMON-PRIOR>                           324745
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         (18024)
<ACCUMULATED-NET-GAINS>                         107924
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (293329)
<NET-ASSETS>                                   4899804
<DIVIDEND-INCOME>                                 3126
<INTEREST-INCOME>                                 8806
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   13631
<NET-INVESTMENT-INCOME>                        (18025)
<REALIZED-GAINS-CURRENT>                        105670
<APPREC-INCREASE-CURRENT>                     (172816)
<NET-CHANGE-FROM-OPS>                          (85171)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                          1661
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         191296
<NUMBER-OF-SHARES-REDEEMED>                       8466
<SHARES-REINVESTED>                                169
<NET-CHANGE-IN-ASSETS>                         1715841
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         3916
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  28087
<AVERAGE-NET-ASSETS>                           3895000
<PER-SHARE-NAV-BEGIN>                             9.80
<PER-SHARE-NII>                                    .04
<PER-SHARE-GAIN-APPREC>                          (.11)
<PER-SHARE-DIVIDEND>                               .00
<PER-SHARE-DISTRIBUTIONS>                          .00<F1>
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.65
<EXPENSE-RATIO>                                   1.55
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Less than $.01 per share.
</FN>
        

</TABLE>


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