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<PAGE> PAGE 2
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013 A00AA01 ERNST & YOUNG, LLP
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<PAGE> PAGE 3
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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 9
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<PAGE> PAGE 11
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SIGNATURE MARILYN TALMAN
TITLE SECRETARY
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE RODNEY
SQUARE MULTI-MANAGER FUND'S ANNUAL REPORT DATED DECEMBER 31, 1995 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO THE ANNUAL REPORT DATED DECEMBER 31,
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