ELITE GROUP OF MUTUAL FUNDS
NSAR-A, 1999-05-20
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<PAGE>      PAGE  1
000 A000000 03/31/99
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 2066245863
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
008 A00AA01 MCCORMICK CAPITAL MANAGEMENT
008 B00AA01 A
008 C00AA01 801-4804
008 D01AA01 SEATTLE
008 D02AA01 WA
008 D03AA01 98101
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
<PAGE>      PAGE  2
013 B02AA01 PA
013 B03AA01 19103
015 A00AA01 UNITED MISSOURI BANK
015 B00AA01 C
015 C01AA01 KANSAS CITY
015 C02AA01 MO
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    167
020 A000002 BEAR, STRARNS AND COMPANY
020 B000002 13-3299429
020 C000002     59
020 A000003 CANTOR FITZGERALD AND COMPANY
020 B000003 13-3680184
020 C000003      9
020 A000004 DAIN BASWORTH INC
020 B000004 41-0212020
020 C000004      2
020 A000005 PIPER JAFFRAY INC
020 B000005 41-0953246
020 C000005      4
020 A000006 PRUDENTIAL BACHE SECURITIES
020 B000006 13-2347336
020 C000006      1
020 A000007 FIRST WASHINGTON
020 B000007 91-0288295
020 C000007      1
020 C000008      0
020 C000009      0
020 C000010      0
021  000000      243
022 A000001 PAINEWEBBER JACKSON AND CO
022 B000001 13-2638166
022 C000001      3010
022 D000001      4806
022 A000002 BEAR, STERNS AND COMPANY
022 B000002 13-3299429
022 C000002       107
022 D000002      6238
022 A000003 DAIN BOSWORTH
022 B000003 41-0212080
022 C000003         0
022 D000003      4224
022 A000004 CANTOR FITZGERALD
022 B000004 13-3680184
<PAGE>      PAGE  3
022 C000004      2970
022 D000004      2480
022 A000005 MERRILL LYNCH, PIECE, FINNIE & SMITH
022 B000005 13-2121726
022 C000005      1928
022 D000005         0
022 A000006 PACIFIC CREST SBC
022 B000006 93-0625230
022 C000006       946
022 D000006         0
022 A000007 DONALD LUFKIN & JENRETTE
022 B000007 13-8177667
022 C000007       538
022 D000007         0
022 A000008 SPEAR LEADS & KELLOG
022 B000008 13-2847292
022 C000008       364
022 D000008         0
022 A000009 FITZGERALD, DAVIS & ASSOC.
022 B000009 13-1073010
022 C000009       148
022 D000009         0
022 C000010         0
022 D000010         0
023 C000000      10011
023 D000000      17748
024  00AA00 N
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025 D00AA06       0
025 D00AA07       0
025 D00AA08       0
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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
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030 C00AA00  0.00
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<PAGE>      PAGE  4
032  00AA00      0
033  00AA00      0
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036 B00AA00      0
037  00AA00 N
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042 B00AA00   0
042 C00AA00   0
042 D00AA00   0
042 E00AA00   0
042 F00AA00   0
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042 H00AA00   0
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044  00AA00      0
045  00AA00 Y
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048 B02AA00 0.000
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048 J01AA00        0
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048 K01AA00        0
048 K02AA00 0.000
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
<PAGE>      PAGE  5
054 K00AA00 N
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 N
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       849
028 A020100         0
028 A030100         0
028 A040100       763
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028 B020100         0
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028 G010100      4393
<PAGE>      PAGE  6
028 G020100       215
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028 G040100      8668
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062 A000100 N
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066 A000100 Y
066 E000100 Y
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 Y
070 C010100 N
070 C020100 N
070 D010100 Y
070 D020100 Y
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
<PAGE>      PAGE  7
070 K020100 Y
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100     47888
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071 C000100     33363
071 D000100  124
072 A000100  6
072 B000100      315
072 C000100      544
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072 E000100        0
072 F000100      385
072 G000100        0
072 H000100        0
072 I000100        7
072 J000100       18
072 K000100        0
072 L000100        4
072 M000100        9
072 N000100       13
072 O000100        0
072 P000100        0
072 Q000100       27
072 R000100        0
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072 T000100        0
072 U000100        0
072 V000100        0
072 W000100        0
072 X000100      485
072 Y000100       58
072 Z000100      432
072AA000100      781
072BB000100        0
072CC010100     9192
072CC020100        0
072DD010100      466
072DD020100        0
<PAGE>      PAGE  8
072EE000100        0
073 A010100   0.1400
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100     2185
074 B000100        0
074 C000100        0
074 D000100     6470
074 E000100        0
074 F000100    69690
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100      187
074 K000100        0
074 L000100      195
074 M000100        0
074 N000100    78727
074 O000100      253
074 P000100        0
074 Q000100        0
074 R010100      327
074 R020100        0
074 R030100        0
074 R040100        0
074 S000100        0
074 T000100    78147
074 U010100     3268
074 U020100        0
074 V010100    23.91
074 V020100     0.00
074 W000100   0.0000
074 X000100     1612
074 Y000100        0
075 A000100        0
075 B000100    77056
076  000100     0.00
028 A010200       620
028 A020200         0
028 A030200         0
028 A040200       372
028 B010200       578
028 B020200         0
028 B030200         0
028 B040200       463
028 C010200       258
028 C020200         0
028 C030200         0
028 C040200      1000
028 D010200      1897
<PAGE>      PAGE  9
028 D020200       314
028 D030200         0
028 D040200      2692
028 E010200       322
028 E020200         0
028 E030200         0
028 E040200       486
028 F010200       563
028 F020200         0
028 F030200         0
028 F040200      1271
028 G010200      4238
028 G020200       314
028 G030200         0
028 G040200      6284
028 H000200         0
062 A000200 Y
062 B000200   0.0
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   0.0
062 M000200  50.0
062 N000200   6.0
062 O000200   0.0
062 P000200  41.3
062 Q000200   0.0
062 R000200   2.7
063 A000200   0
063 B000200  7.5
066 A000200 N
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
<PAGE>      PAGE  10
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200      1429
071 B000200      4546
071 C000200     29248
071 D000200    5
072 A000200  6
072 B000200      928
072 C000200       23
072 D000200        0
072 E000200        0
072 F000200      105
072 G000200        0
072 H000200        0
072 I000200        7
072 J000200        6
072 K000200        0
072 L000200        1
072 M000200        3
072 N000200        5
072 O000200        0
072 P000200        0
072 Q000200       11
072 R000200        0
072 S000200       12
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200        0
072 X000200      150
072 Y000200       21
<PAGE>      PAGE  11
072 Z000200      822
072AA000200       71
072BB000200        0
072CC010200        0
072CC020200     1301
072DD010200      756
072DD020200        0
072EE000200        0
073 A010200   0.2700
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200        0
074 B000200        0
074 C000200    27398
074 D000200      474
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200        0
074 L000200      545
074 M000200        0
074 N000200    28417
074 O000200        0
074 P000200        0
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200      471
074 S000200        0
074 T000200    27946
074 U010200     2711
074 U020200        0
074 V010200    10.31
074 V020200     0.00
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074 X000200      382
074 Y000200        0
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076  000200     0.00
SIGNATURE   RICHARD S. MCCORMICK                         
TITLE       PRESIDENT           

<TABLE> <S> <C>

<ARTICLE>                       6
<CIK>    0000799196
<NAME>                  THE ELITE GROUP
<SERIES>
        <NUMBER>                01
        <NAME>          Elite Growth and Income Fund
<MULTIPLIER>            1
<CURRENCY>                      U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>           YEAR
<FISCAL-YEAR-END>       SEP-30-1999
<PERIOD-START>          OCT-01-1998
<PERIOD-END>            MAR-31-1999
<EXCHANGE-RATE>                   1.000
<INVESTMENTS-AT-COST>    50,917,515
<INVESTMENTS-AT-VALUE>   76,159,362
<RECEIVABLES>                     0
<ASSETS-OTHER>                    0
<OTHER-ITEMS-ASSETS>      1,988,447
<TOTAL-ASSETS>           78,147,809
<PAYABLE-FOR-SECURITIES>          0
<SENIOR-LONG-TERM-DEBT>           0
<OTHER-ITEMS-LIABILITIES>         0
<TOTAL-LIABILITIES>               0
<SENIOR-EQUITY>                   0
<PAID-IN-CAPITAL-COMMON> 53,272,572
<SHARES-COMMON-STOCK>     3,267,875
<SHARES-COMMON-PRIOR>     3,438,393
<ACCUMULATED-NII-CURRENT>   432,435
<OVERDISTRIBUTION-NII>            0
<ACCUMULATED-NET-GAINS>      71,482     
<OVERDISTRIBUTION-GAINS>          0
<ACCUM-APPREC-OR-DEPREC> 25,241,847
<NET-ASSETS>             78,147,808
<DIVIDEND-INCOME>           314,591
<INTEREST-INCOME>           544,411
<OTHER-INCOME>                    0
<EXPENSES-NET>              426,567
<NET-INVESTMENT-INCOME>     432,435
<REALIZED-GAINS-CURRENT>    780,684
<APPREC-INCREASE-CURRENT> 9,191,735
<NET-CHANGE-FROM-OPS>    10,404,853
<EQUALIZATION>                    0
<DISTRIBUTIONS-OF-INCOME>  (466,267)
<DISTRIBUTIONS-OF-GAINS>          0
<DISTRIBUTIONS-OTHER>             0
<NUMBER-OF-SHARES-SOLD>     193,068
<NUMBER-OF-SHARES-REDEEMED>(372,654)
<SHARES-REINVESTED>           9,068
<NET-CHANGE-IN-ASSETS>    5,877,101
<ACCUMULATED-NII-PRIOR>     605,847
<ACCUMULATED-GAINS-PRIOR>(3,913,327)
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<GROSS-ADVISORY-FEES>       385,238
<INTEREST-EXPENSE>                0
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<PER-SHARE-NAV-BEGIN>            21.02
<PER-SHARE-NII>                    .14
<PER-SHARE-GAIN-APPREC>           3.03
<PER-SHARE-DIVIDEND>              (.14)
<PER-SHARE-DISTRIBUTIONS>         (.14)
<RETURNS-OF-CAPITAL>              0
<PER-SHARE-NAV-END>              23.91
<EXPENSE-RATIO>                   1.25
<AVG-DEBT-OUTSTANDING>            0
<AVG-DEBT-PER-SHARE>              0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000799196
<NAME> THE ELITE GROUP
<SERIES>
        <NUMBER> 02 
        <NAME> THE ELITE INCOME FUND
<MULTIPLIER>   1
<CURRENCY>     U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR 
<FISCAL-YEAR-END>               SEP-30-1999 
<PERIOD-START>                  OCT-01-1998 
<PERIOD-END>                    MAR-31-1999 
<EXCHANGE-RATE>                      1.000
<INVESTMENTS-AT-COST>       27,033,873
<INVESTMENTS-AT-VALUE>      27,676,090
<RECEIVABLES>                        0
<ASSETS-OTHER>                       0
<OTHER-ITEMS-ASSETS>           269,913
<TOTAL-ASSETS>              27,946,003
<PAYABLE-FOR-SECURITIES>             0
<SENIOR-LONG-TERM-DEBT>              0
<OTHER-ITEMS-LIABILITIES>            0
<TOTAL-LIABILITIES>                  0
<SENIOR-EQUITY>                      0
<PAID-IN-CAPITAL-COMMON>    27,137,879
<SHARES-COMMON-STOCK>        2,710,736
<SHARES-COMMON-PRIOR>        2,875,973
<ACCUMULATED-NII-CURRENT>      822,718
<OVERDISTRIBUTION-NII>               0
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<OTHER-INCOME>                       0
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<APPREC-INCREASE-CURRENT>   (1,301,460)
<NET-CHANGE-FROM-OPS>         (407,260)
<EQUALIZATION>                       0
<DISTRIBUTIONS-OF-INCOME>     (755,996)
<DISTRIBUTIONS-OF-GAINS>             0
<DISTRIBUTIONS-OTHER>                0
<NUMBER-OF-SHARES-SOLD>        400,521
<NUMBER-OF-SHARES-REDEEMED>   (595,476) 
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<OVERDISTRIB-NII-PRIOR>              0
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<GROSS-ADVISORY-FEES>          104,865
<INTEREST-EXPENSE>                   0
<GROSS-EXPENSE>                149,832
<AVERAGE-NET-ASSETS>        30,048,697
<PER-SHARE-NAV-BEGIN>               10.72
<PER-SHARE-NII>                       .27
<PER-SHARE-GAIN-APPREC>              (.59)
<PER-SHARE-DIVIDEND>                 (.27)
<PER-SHARE-DISTRIBUTIONS>            0
<RETURNS-OF-CAPITAL>                 0
<PER-SHARE-NAV-END>                 10.31
<EXPENSE-RATIO>                      1.00
<AVG-DEBT-OUTSTANDING>               0
<AVG-DEBT-PER-SHARE>                 0

        


</TABLE>


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