ELITE GROUP
NSAR-A, 1998-05-20
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<PAGE>
      PAGE  1
000 A000000 03/31/98
000 C000000 0000799196
000 D000000 N 
000 E000000 NF 
000 F000000 Y 
000 G000000 N 
000 H000000 N 
000 I000000 3.0 
000 J000000 A
001 A000000 THE ELITE GROUP
001 B000000 811-4804
001 C000000 2068245863
002 A000000 1325-4TH AVE. #2144
002 B000000 SEATTLE
002 C000000 WA
002 D010000 98101
002 D020000 2509
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 THE ELITE GROUP GROWTH AND INCOME
007 C030100 N
007 C010200  2
007 C020200 THE ELITE GROUP INCOME
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
012 A00AA01 FIRST DATA INC
012 B00AA01 84-932
012 C01AA01 KING OF PRUSSIA
012 C02AA01 PA
012 C03AA01 19406
012 C04AA01 0903
013 A00AA01 TAIT, WELLER & BAKER
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
015 A00AA01 UNITED MISSOURI BANK
015 B00AA01 C
015 C01AA01 KANSAS CITY
015 C02AA01 MO
<PAGE>
      PAGE  2
015 C03AA01 64141
015 E01AA01 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
019 C00AA00 ELITEGROUP
020 A000001 PAINEWEBBER
020 B000001 13-2638166
020 C000001    111
020 A000002 BEAR, STRARNS AND COMPANY
020 B000002 13-3299429
020 C000002     98
020 A000003 CANTOR FITZGERALD AND COMPANY
020 B000003 13-3680184
020 C000003      5
020 A000004 DAIN BASWORTH INC
020 B000004 41-0212020
020 C000004      8
020 A000005 PIPER JAFFRAY INC
020 B000005 41-0953246
020 C000005      2
020 A000006 FIRST HASHINGTON CORP
020 B000006 91-0288295
020 C000006      2
020 A000007 LOASENBAUM
020 C000007      1
020 A000008 SOUTHCOAST SECURITIES
020 B000008 75-1382137
020 C000008      1
020 A000009 MORGAN STANLEY & COMPANY
020 B000009 13-2655998
020 C000009      4
020 A000010 MOORILL, LYNCH, PIERCE, FENNO & SMITH
020 B000010 13-5674085
020 C000010      1
021  000000      233
022 A000001 PAINEWEBBER INC
022 B000001 13-2638166
022 C000001      3776
022 D000001     13638
022 A000002 BEAR, STERNS AND COMPANY
022 B000002 13-3299429
022 C000002      7159
022 D000002      5102
022 A000003 CANTOR FITZGERALD AND COMPANY
022 B000003 13-3680184
022 C000003      1137
022 D000003      2092
022 A000004 MERRILL, LYNCH, PIERCE, FENNER & SMITH
022 B000004 13-5674085
022 C000004      1210
<PAGE>
      PAGE  3
022 D000004         0
022 A000005 DAIN BOSWORTH INC
022 B000005 41-0212020
022 C000005      1850
022 D000005       824
022 A000006 PIPER JAFFRAY, INC
022 B000006 40-0953246
022 C000006       980
022 D000006         0
022 A000007 UMB
022 C000007       500
022 D000007         0
022 C000008         0
022 D000008         0
022 C000009         0
022 D000009         0
022 C000010         0
022 D000010         0
023 C000000      16620
023 D000000      21656
024  00AA00 N
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
054 A00AA00 Y
054 B00AA00 Y
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
<PAGE>
      PAGE  4
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056  00AA00 N
057  00AA00 N
058 A00AA00 N
059  00AA00 N
060 A00AA00 Y
060 B00AA00 Y
061  00AA00     1000
077 A000000 Y
077 B000000 Y
080 A00AA00 NATIONAL UNION FIRE INSURANCE COMPANY
080 C00AA00      600
081 A00AA00 Y
081 B00AA00   2
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 N
028 A010100       688
028 A020100         0
028 A030100         0
028 A040100       680
028 B010100      1004
028 B020100         0
028 B030100         0
028 B040100       672
028 C010100      1346
028 C020100        11
028 C030100         0
028 C040100       673
028 D010100      3760
028 D020100       147
028 D030100         0
028 D040100       571
028 E010100      2715
028 E020100         0
028 E030100         0
028 E040100       253
028 F010100      1879
028 F020100         0
028 F030100         0
028 F040100       255
028 G010100     11392
<PAGE>
      PAGE  5
028 G020100       158
028 G030100         0
028 G040100      3104
028 H000100         0
062 A000100 N
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
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   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100   0
063 B000100  0.0
066 A000100 Y
066 E000100 Y
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
071 A000100     59678
071 B000100     56305
071 C000100     71850
071 D000100  170
072 A000100  6
072 B000100      449
072 C000100      250
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072 F000100      361
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072 H000100        0
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072 L000100        3
072 M000100        9
072 N000100       13
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072 P000100        0
072 Q000100       26
<PAGE>
      PAGE  6
072 R000100        0
072 S000100       20
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100        0
072 X000100      466
072 Y000100       23
072 Z000100      256
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072BB000100        0
072CC010100     6436
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072DD010100      257
072DD020100        0
072EE000100        0
073 A010100   0.0800
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100     4823
074 B000100        0
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074 D000100    10360
074 E000100        0
074 F000100    70518
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100      616
074 K000100        0
074 L000100      358
074 M000100        0
074 N000100    86675
074 O000100      194
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100     2055
074 R040100      114
074 S000100        0
074 T000100    84312
074 U010100     3409
074 U020100        0
074 V010100    24.74
074 V020100     0.00
074 W000100   0.0000
074 X000100     1587
074 Y000100        0
075 A000100        0
<PAGE>
      PAGE  7
075 B000100    73065
076  000100     0.00
028 A010200       826
028 A020200         0
028 A030200         0
028 A040200       415
028 B010200       211
028 B020200         0
028 B030200         0
028 B040200       262
028 C010200       541
028 C020200         0
028 C030200         0
028 C040200       653
028 D010200       295
028 D020200       235
028 D030200         0
028 D040200       622
028 E010200      1060
028 E020200         0
028 E030200         0
028 E040200       320
028 F010200      2026
028 F020200         0
028 F030200         0
028 F040200       537
028 G010200      4959
028 G020200       235
028 G030200         0
028 G040200      2809
028 H000200         0
062 A000200 Y
062 B000200  13.4
062 C000200   0.0
062 D000200   0.0
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  20.1
062 M000200  44.7
062 N000200   4.0
062 O000200   0.0
062 P000200  16.1
062 Q000200   0.0
062 R000200   1.7
063 A000200   0
063 B000200  9.4
<PAGE>
      PAGE  8
066 A000200 N
071 A000200      4901
071 B000200       824
071 C000200     16500
071 D000200   14
072 A000200  6
072 B000200      564
072 C000200       12
072 D000200        0
072 E000200        0
072 F000200       60
072 G000200        0
072 H000200        0
072 I000200        8
072 J000200        5
072 K000200        0
072 L000200        1
072 M000200        2
072 N000200       10
072 O000200        0
072 P000200        0
072 Q000200        7
072 R000200        0
072 S000200        5
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200        0
072 X000200       98
072 Y000200       18
072 Z000200      496
072AA000200      116
072BB000200        0
072CC010200      260
072CC020200        0
072DD010200      509
072DD020200        0
072EE000200        0
073 A010200   0.2900
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200      844
074 B000200        0
074 C000200        0
074 D000200    17964
074 E000200      288
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
<PAGE>
      PAGE  9
074 J000200        0
074 K000200        0
074 L000200      341
074 M000200        0
074 N000200    19437
074 O000200        0
074 P000200        0
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200      377
074 S000200        0
074 T000200    19060
074 U010200     1863
074 U020200        0
074 V010200    10.23
074 V020200     0.00
074 W000200   0.0000
074 X000200      326
074 Y000200        0
075 A000200        0
075 B000200    17313
076  000200     0.00
SIGNATURE   RICHARD S. MCCORMICK
TITLE       PRESIDENT

<TABLE> <S> <C>

<ARTICLE>                                  6
<LEGEND>
              THE FOLLOWING FDS HAS BEEN ROUNDED TO THE NEAREST THOUSAND
</LEGEND>
<CIK>                             0000799196
<NAME>                         THE ELITE GROUP
<SERIES>
                 <NUMBER>                 01
                 <NAME>        ELITE GROWTH & INCOME FUND
<MULTIPLIER>                           1,000
<CURRENCY>                        US DOLLARS
       
<S>                            <C>
<PERIOD-TYPE>                          6-MOS
<FISCAL-YEAR-END>                SEP-30-1998
<PERIOD-START>                   OCT-01-1997
<PERIOD-END>                     MAR-31-1998
<EXCHANGE-RATE>                            1
<INVESTMENTS-AT-COST>                 52,423
<INVESTMENTS-AT-VALUE>                78,823
<RECEIVABLES>                            974
<ASSETS-OTHER>                             0
<OTHER-ITEMS-ASSETS>                   4,823
<TOTAL-ASSETS>                        84,620
<PAYABLE-FOR-SECURITIES>                 194
<SENIOR-LONG-TERM-DEBT>                    0
<OTHER-ITEMS-LIABILITIES>                114
<TOTAL-LIABILITIES>                      308
<SENIOR-EQUITY>                            0
<PAID-IN-CAPITAL-COMMON>              56,202
<SHARES-COMMON-STOCK>                  3,408
<SHARES-COMMON-PRIOR>                  3,043
<ACCUMULATED-NII-CURRENT>                 (1)
<OVERDISTRIBUTION-NII>                     0
<ACCUMULATED-NET-GAINS>                1,711
<OVERDISTRIBUTION-GAINS>                   0
<ACCUM-APPREC-OR-DEPREC>              26,400
<NET-ASSETS>                          84,312
<DIVIDEND-INCOME>                        251
<INTEREST-INCOME>                        449
<OTHER-INCOME>                             0
<EXPENSES-NET>                           444
<NET-INVESTMENT-INCOME>                  256
<REALIZED-GAINS-CURRENT>               1,711
<APPREC-INCREASE-CURRENT>              6,436
<NET-CHANGE-FROM-OPS>                  8,403
<EQUALIZATION>                             0
<DISTRIBUTIONS-OF-INCOME>               (257)
<DISTRIBUTIONS-OF-GAINS>                   0
<DISTRIBUTIONS-OTHER>                      0
<NUMBER-OF-SHARES-SOLD>                  496
<NUMBER-OF-SHARES-REDEEMED>             (138)
<SHARES-REINVESTED>                        7
<NET-CHANGE-IN-ASSETS>                16,593
<ACCUMULATED-NII-PRIOR>                    0
<ACCUMULATED-GAINS-PRIOR>                  0
<OVERDISTRIB-NII-PRIOR>                    0
<OVERDIST-NET-GAINS-PRIOR>                 0
<GROSS-ADVISORY-FEES>                    361
<INTEREST-EXPENSE>                         0
<GROSS-EXPENSE>                          467
<AVERAGE-NET-ASSETS>                  73,065
<PER-SHARE-NAV-BEGIN>                  22.25
<PER-SHARE-NII>                         0.08
<PER-SHARE-GAIN-APPREC>                 2.49
<PER-SHARE-DIVIDEND>                   (0.08)
<PER-SHARE-DISTRIBUTIONS>               0.00
<RETURNS-OF-CAPITAL>                    0.00
<PER-SHARE-NAV-END>                    24.74
<EXPENSE-RATIO>                         1.22
<AVG-DEBT-OUTSTANDING>                     0
<AVG-DEBT-PER-SHARE>                       0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE>                                  6
<LEGEND>
             THE FOLLOWING FDS HAS BEEN ROUNDED TO THE NEAREST THOUSAND
</LEGEND>
<CIK>                             0000799196
<NAME>                         THE ELITE GROUP
<SERIES>
                 <NUMBER>                 02
                 <NAME>        ELITE INCOME FUND
<MULTIPLIER>                           1,000
<CURRENCY>                        US DOLLARS
       
<S>                                      <C>
<PERIOD-TYPE>                          6-MOS
<FISCAL-YEAR-END>                SEP-30-1998
<PERIOD-START>                   OCT-01-1997
<PERIOD-END>                     MAR-31-1998
<EXCHANGE-RATE>                            1
<INVESTMENTS-AT-COST>                 17,761
<INVESTMENTS-AT-VALUE>                18,252
<RECEIVABLES>                            341
<ASSETS-OTHER>                             0
<OTHER-ITEMS-ASSETS>                     844
<TOTAL-ASSETS>                        19,437
<PAYABLE-FOR-SECURITIES>                   0
<SENIOR-LONG-TERM-DEBT>                    0
<OTHER-ITEMS-LIABILITIES>                377
<TOTAL-LIABILITIES>                      377
<SENIOR-EQUITY>                            0
<PAID-IN-CAPITAL-COMMON>              18,502
<SHARES-COMMON-STOCK>                  1,863
<SHARES-COMMON-PRIOR>                  1,632
<ACCUMULATED-NII-CURRENT>                 (3)
<OVERDISTRIBUTION-NII>                     0
<ACCUMULATED-NET-GAINS>                   70
<OVERDISTRIBUTION-GAINS>                   0
<ACCUM-APPREC-OR-DEPREC>                 491
<NET-ASSETS>                          19,060
<DIVIDEND-INCOME>                         12
<INTEREST-INCOME>                        564
<OTHER-INCOME>                             0
<EXPENSES-NET>                            80
<NET-INVESTMENT-INCOME>                  496
<REALIZED-GAINS-CURRENT>                 116
<APPREC-INCREASE-CURRENT>                260
<NET-CHANGE-FROM-OPS>                    872
<EQUALIZATION>                             0
<DISTRIBUTIONS-OF-INCOME>               (509)
<DISTRIBUTIONS-OF-GAINS>                   0
<DISTRIBUTIONS-OTHER>                      0
<NUMBER-OF-SHARES-SOLD>                  482
<NUMBER-OF-SHARES-REDEEMED>             (274)
<SHARES-REINVESTED>                       23
<NET-CHANGE-IN-ASSETS>                 2,748
<ACCUMULATED-NII-PRIOR>                   11
<ACCUMULATED-GAINS-PRIOR>                (46)
<OVERDISTRIB-NII-PRIOR>                    0
<OVERDIST-NET-GAINS-PRIOR>                 0
<GROSS-ADVISORY-FEES>                     61
<INTEREST-EXPENSE>                         0
<GROSS-EXPENSE>                           98
<AVERAGE-NET-ASSETS>                  17,313
<PER-SHARE-NAV-BEGIN>                  10.00
<PER-SHARE-NII>                         0.28
<PER-SHARE-GAIN-APPREC>                 0.24
<PER-SHARE-DIVIDEND>                   (0.29)
<PER-SHARE-DISTRIBUTIONS>               0.00
<RETURNS-OF-CAPITAL>                    0.00
<PER-SHARE-NAV-END>                    10.23
<EXPENSE-RATIO>                         0.92
<AVG-DEBT-OUTSTANDING>                     0
<AVG-DEBT-PER-SHARE>                       0
        

</TABLE>


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