<PAGE> PAGE 1
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007 C020300 THE KENT GROWTH AND INCOME FUND
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007 C020900 THE KENT INTERMEDIATE BOND FUND
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007 C021000 THE KENT MICHIGAN MUNICIPAL BOND FUND
<PAGE> PAGE 2
007 C031000 N
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007 C021100 THE KENT LIMITED TERM TAX-FREE FUND
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007 C021200 THE KENT INCOME FUND
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007 C021300 THE KENT TAX-FREE INCOME FUND
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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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
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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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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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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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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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028 C010900 11663
028 C020900 2234
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028 C040900 7538
028 D010900 17030
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028 E020900 2540
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028 G020900 14048
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028 G040900 111606
028 H000900 1097
029 000900 Y
030 A000900 44
030 B000900 4.00
030 C000900 0.75
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033 000900 0
037 000900 N
<PAGE> PAGE 42
038 000900 0
039 000900 N
040 000900 Y
041 000900 Y
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048 I020900 0.000
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048 J020900 0.000
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048 K020900 0.000
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050 000900 N
051 000900 N
052 000900 N
053 A000900 N
055 A000900 Y
055 B000900 N
056 000900 Y
057 000900 N
062 A000900 Y
062 B000900 0.0
<PAGE> PAGE 43
062 C000900 0.0
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063 B000900 4.7
064 A000900 N
064 B000900 N
066 A000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
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070 A020900 Y
070 B010900 Y
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070 C020900 N
070 D010900 N
070 D020900 N
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070 E020900 N
070 F010900 N
070 F020900 N
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070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
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070 J020900 N
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070 K020900 Y
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<PAGE> PAGE 44
070 N010900 Y
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070 R020900 N
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<PAGE> PAGE 45
074 A000900 821
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028 A011000 22917
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<PAGE> PAGE 46
028 E031000 0
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<PAGE> PAGE 47
048 G021000 0.000
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<PAGE> PAGE 48
070 C011000 Y
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070 H021000 N
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070 K011000 Y
070 K021000 Y
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070 M021000 N
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070 O021000 N
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<PAGE> PAGE 49
072 P001000 0
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<PAGE> PAGE 50
074 Y001000 0
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<PAGE> PAGE 51
042 F001100 0
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<PAGE> PAGE 52
062 J001100 0.0
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<PAGE> PAGE 53
070 Q021100 N
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<PAGE> PAGE 54
074 H001100 0
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028 A021200 115
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<PAGE> PAGE 55
028 G021200 916
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<PAGE> PAGE 56
048 K011200 0
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<PAGE> PAGE 57
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<PAGE> PAGE 58
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<PAGE> PAGE 59
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<PAGE> PAGE 60
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<PAGE> PAGE 61
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<PAGE> PAGE 62
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SIGNATURE LOUIS J. RUSSO
TITLE ASST. TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<SERIES>
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<NAME> THE KENT INDEX EQUITY FUND INV. CLASS
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<NAME> THE KENT INDEX EQUITY FUND INSTIT. CLASS
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> THE KENT GROWTH AND INCOME FUND INV
<S> <C>
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<PERIOD-END> DEC-31-1995
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<TABLE> <S> <C>
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<SERIES>
<NUMBER> 3
<NAME> THE KENT GROWTH AND INCOME FUND INST. CLASS
<S> <C>
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<PERIOD-END> DEC-31-1995
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> KENT INCOME INV
<S> <C>
<PERIOD-TYPE> YEAR
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<PERIOD-END> DEC-31-1995
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<TABLE> <S> <C>
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<SERIES>
<NUMBER> 12
<NAME> KENT INCOME INST
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<PERIOD-END> DEC-31-1995
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> KENT INTERMEDIATE BOND INST
<S> <C>
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<PERIOD-END> DEC-31-1995
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> KENT INTERMEDIATE TAX-FREE INV
<S> <C>
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<NUMBER-OF-SHARES-SOLD> 558,623
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<NET-CHANGE-IN-ASSETS> (97,679,898)
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<PER-SHARE-NAV-BEGIN> 9.74
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<PER-SHARE-NAV-END> 10.52
<EXPENSE-RATIO> 0.97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> KENT INTERMEDIATE TAX-FREE INST
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 269,281,902
<INVESTMENTS-AT-VALUE> 282,888,556
<RECEIVABLES> 4,720,718
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 287,609,274
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 68,926
<TOTAL-LIABILITIES> 68,926
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 275,329,612
<SHARES-COMMON-STOCK> 26,977,765
<SHARES-COMMON-PRIOR> 39,091,877
<ACCUMULATED-NII-CURRENT> 133,320
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 1,529,238
<ACCUM-APPREC-OR-DEPREC> 13,606,654
<NET-ASSETS> 283,733,624
<DIVIDEND-INCOME> 216,807
<INTEREST-INCOME> 15,955,238
<OTHER-INCOME> 0
<EXPENSES-NET> 2,293,350
<NET-INVESTMENT-INCOME> 13,878,695
<REALIZED-GAINS-CURRENT> 1,348,408
<APPREC-INCREASE-CURRENT> 25,697,939
<NET-CHANGE-FROM-OPS> 40,925,042
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 13,680,916
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 56,260,448
<NUMBER-OF-SHARES-REDEEMED> 180,059,789
<SHARES-REINVESTED> 25,763
<NET-CHANGE-IN-ASSETS> (97,679,898)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 322,292
<OVERDIST-NET-GAINS-PRIOR> 2,780,361
<GROSS-ADVISORY-FEES> 1,582,089
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,293,350
<AVERAGE-NET-ASSETS> 312,561,150
<PER-SHARE-NAV-BEGIN> 9.74
<PER-SHARE-NII> 0.45
<PER-SHARE-GAIN-APPREC> 0.79
<PER-SHARE-DIVIDEND> 0.46
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.52
<EXPENSE-RATIO> 0.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> THE KENT INTERNATIONAL GROWTH FUND INV. CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 248,173,149
<INVESTMENTS-AT-VALUE> 298,699,315
<RECEIVABLES> 737,483
<ASSETS-OTHER> 8,990
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 299,445,788
<PAYABLE-FOR-SECURITIES> 1,968,025
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,384,667
<TOTAL-LIABILITIES> 5,352,692
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 244,279,049
<SHARES-COMMON-STOCK> 534,190
<SHARES-COMMON-PRIOR> 502,942
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 506,545
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 212,212
<ACCUM-APPREC-OR-DEPREC> 50,532,804
<NET-ASSETS> 7,548,199
<DIVIDEND-INCOME> 4,398,909
<INTEREST-INCOME> 589,991
<OTHER-INCOME> 0
<EXPENSES-NET> 2,328,122
<NET-INVESTMENT-INCOME> 2,660,778
<REALIZED-GAINS-CURRENT> 4,306,686
<APPREC-INCREASE-CURRENT> 20,314,467
<NET-CHANGE-FROM-OPS> 27,281,931
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 106,097
<DISTRIBUTIONS-OF-GAINS> 150,827
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,020,811
<NUMBER-OF-SHARES-REDEEMED> 1,844,744
<SHARES-REINVESTED> 251,525
<NET-CHANGE-IN-ASSETS> 109,368,595
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,290,138
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,483,705
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,328,122
<AVERAGE-NET-ASSETS> 6,467,078
<PER-SHARE-NAV-BEGIN> 13.00
<PER-SHARE-NII> .14
<PER-SHARE-GAIN-APPREC> 1.50
<PER-SHARE-DIVIDEND> .20
<PER-SHARE-DISTRIBUTIONS> .31
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.13
<EXPENSE-RATIO> 1.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> THE KENT INTERNATIONAL GROWTH FUND INSTIT. CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 248,173,149
<INVESTMENTS-AT-VALUE> 298,699,315
<RECEIVABLES> 737,483
<ASSETS-OTHER> 8,990
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 299,445,788
<PAYABLE-FOR-SECURITIES> 1,968,025
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,384,667
<TOTAL-LIABILITIES> 5,352,692
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 244,279,049
<SHARES-COMMON-STOCK> 20,203,234
<SHARES-COMMON-PRIOR> 13,647,849
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 506,545
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 212,212
<ACCUM-APPREC-OR-DEPREC> 50,532,804
<NET-ASSETS> 286,544,897
<DIVIDEND-INCOME> 4,398,909
<INTEREST-INCOME> 589,991
<OTHER-INCOME> 0
<EXPENSES-NET> 2,328,122
<NET-INVESTMENT-INCOME> 2,660,778
<REALIZED-GAINS-CURRENT> 4,306,686
<APPREC-INCREASE-CURRENT> 20,314,467
<NET-CHANGE-FROM-OPS> 27,281,931
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,860,514
<DISTRIBUTIONS-OF-GAINS> 4,858,921
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 151,546,595
<NUMBER-OF-SHARES-REDEEMED> 64,667,292
<SHARES-REINVESTED> 4,756,128
<NET-CHANGE-IN-ASSETS> 109,368,595
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,290,138
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,483,705
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,328,122
<AVERAGE-NET-ASSETS> 191,360,317
<PER-SHARE-NAV-BEGIN> 13.06
<PER-SHARE-NII> .13
<PER-SHARE-GAIN-APPREC> 1.54
<PER-SHARE-DIVIDEND> .24
<PER-SHARE-DISTRIBUTIONS> .31
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.18
<EXPENSE-RATIO> 1.17
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> KENT INTERMEDIATE BOND INV
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 834,733,361
<INVESTMENTS-AT-VALUE> 850,261,193
<RECEIVABLES> 12,175,698
<ASSETS-OTHER> 820,800
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 863,257,691
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,595,340
<TOTAL-LIABILITIES> 1,595,340
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 842,661,349
<SHARES-COMMON-STOCK> 676,709
<SHARES-COMMON-PRIOR> 987,059
<ACCUMULATED-NII-CURRENT> 1,014,509
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,458,661
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 15,527,832
<NET-ASSETS> 6,861,848
<DIVIDEND-INCOME> 2,436,831
<INTEREST-INCOME> 60,516,832
<OTHER-INCOME> 0
<EXPENSES-NET> 6,668,962
<NET-INVESTMENT-INCOME> 56,284,701
<REALIZED-GAINS-CURRENT> 26,073,254
<APPREC-INCREASE-CURRENT> 51,247,235
<NET-CHANGE-FROM-OPS> 133,605,190
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 405,376
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,885,896
<NUMBER-OF-SHARES-REDEEMED> 5,091,486
<SHARES-REINVESTED> 327,205
<NET-CHANGE-IN-ASSETS> (125,399,502)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 649,785
<OVERDIST-NET-GAINS-PRIOR> 23,614,593
<GROSS-ADVISORY-FEES> 4,765,284
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,668,962
<AVERAGE-NET-ASSETS> 6,537,556
<PER-SHARE-NAV-BEGIN> 9.32
<PER-SHARE-NII> 0.61
<PER-SHARE-GAIN-APPREC> 0.82
<PER-SHARE-DIVIDEND> 0.61
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.14
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> KENT LIMITED TERM TAX-FREE INV
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 53,881,531
<INVESTMENTS-AT-VALUE> 54,748,910
<RECEIVABLES> 770,690
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 55,519,600
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 118,410
<TOTAL-LIABILITIES> 118,410
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 54,499,911
<SHARES-COMMON-STOCK> 5,258
<SHARES-COMMON-PRIOR> 685
<ACCUMULATED-NII-CURRENT> 24,691
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 9,209
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 867,379
<NET-ASSETS> 53,855
<DIVIDEND-INCOME> 43,011
<INTEREST-INCOME> 2,186,058
<OTHER-INCOME> 0
<EXPENSES-NET> 339,193
<NET-INVESTMENT-INCOME> 1,889,876
<REALIZED-GAINS-CURRENT> 145,910
<APPREC-INCREASE-CURRENT> 1,744,380
<NET-CHANGE-FROM-OPS> 3,780,166
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,582
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 55,976
<NUMBER-OF-SHARES-REDEEMED> 11,463
<SHARES-REINVESTED> 1,583
<NET-CHANGE-IN-ASSETS> 11,897,815
<ACCUMULATED-NII-PRIOR> 29,703
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 118,333
<GROSS-ADVISORY-FEES> 219,989
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 359,982
<AVERAGE-NET-ASSETS> 41,480
<PER-SHARE-NAV-BEGIN> 9.81
<PER-SHARE-NII> 0.37
<PER-SHARE-GAIN-APPREC> 0.44
<PER-SHARE-DIVIDEND> 0.38
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.24
<EXPENSE-RATIO> 0.84
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> KENT LIMITED TERM TAX-FREE INST
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 53,881,531
<INVESTMENTS-AT-VALUE> 54,748,910
<RECEIVABLES> 770,690
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 55,519,600
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 118,410
<TOTAL-LIABILITIES> 118,410
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 54,499,911
<SHARES-COMMON-STOCK> 5,416,282
<SHARES-COMMON-PRIOR> 4,436,812
<ACCUMULATED-NII-CURRENT> 24,691
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 9,209
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 867,379
<NET-ASSETS> 55,347,335
<DIVIDEND-INCOME> 43,011
<INTEREST-INCOME> 2,186,058
<OTHER-INCOME> 0
<EXPENSES-NET> 339,193
<NET-INVESTMENT-INCOME> 1,889,876
<REALIZED-GAINS-CURRENT> 145,910
<APPREC-INCREASE-CURRENT> 1,744,380
<NET-CHANGE-FROM-OPS> 3,780,166
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,911,674
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 31,715,093
<NUMBER-OF-SHARES-REDEEMED> 21,731,961
<SHARES-REINVESTED> 1,677
<NET-CHANGE-IN-ASSETS> 11,897,815
<ACCUMULATED-NII-PRIOR> 29,703
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 118,333
<GROSS-ADVISORY-FEES> 219,989
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 359,982
<AVERAGE-NET-ASSETS> 48,845,054
<PER-SHARE-NAV-BEGIN> 9.80
<PER-SHARE-NII> 0.39
<PER-SHARE-GAIN-APPREC> 0.42
<PER-SHARE-DIVIDEND> 0.39
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.22
<EXPENSE-RATIO> 0.69
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> KENT MICH MUNI MONEY MKT INV
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 146,376,783
<INVESTMENTS-AT-VALUE> 146,376,783
<RECEIVABLES> 980,998
<ASSETS-OTHER> 4,925
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 147,362,706
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 544,678
<TOTAL-LIABILITIES> 544,678
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 146,817,498
<SHARES-COMMON-STOCK> 1,603,095
<SHARES-COMMON-PRIOR> 378,739
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 530
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,603,132
<DIVIDEND-INCOME> 66,485
<INTEREST-INCOME> 5,859,712
<OTHER-INCOME> 0
<EXPENSES-NET> 829,664
<NET-INVESTMENT-INCOME> 5,096,533
<REALIZED-GAINS-CURRENT> 530
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 5,097,063
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 23,486
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,849,184
<NUMBER-OF-SHARES-REDEEMED> 648,055
<SHARES-REINVESTED> 23,230
<NET-CHANGE-IN-ASSETS> 18,275,214
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 590,771
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 959,729
<AVERAGE-NET-ASSETS> 675,394
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .03
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.54
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> KENT MICH MUNI MONEY MKT INST
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 146,376,783
<INVESTMENTS-AT-VALUE> 146,376,783
<RECEIVABLES> 980,998
<ASSETS-OTHER> 4,925
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 147,362,706
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 544,678
<TOTAL-LIABILITIES> 544,678
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 146,817,498
<SHARES-COMMON-STOCK> 145,192,083
<SHARES-COMMON-PRIOR> 128,141,759
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 530
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 145,214,896
<DIVIDEND-INCOME> 66,485
<INTEREST-INCOME> 5,859,712
<OTHER-INCOME> 0
<EXPENSES-NET> 829,664
<NET-INVESTMENT-INCOME> 5,096,533
<REALIZED-GAINS-CURRENT> 530
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 5,097,063
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,073,047
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 191,689,616
<NUMBER-OF-SHARES-REDEEMED> 174,639,291
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 18,275,214
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 590,771
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 959,729
<AVERAGE-NET-ASSETS> 147,017,362
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.03
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.0
<EXPENSE-RATIO> 0.56
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> KENT MICHIGAN MUNICPAL BOND INST
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 182,378,854
<INVESTMENTS-AT-VALUE> 184,913,693
<RECEIVABLES> 2,514,367
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 187,428,060
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 62,475
<TOTAL-LIABILITIES> 62,475
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 185,009,637
<SHARES-COMMON-STOCK> 18,328,669
<SHARES-COMMON-PRIOR> 12,188,636
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 178,891
<ACCUM-APPREC-OR-DEPREC> 2,534,839
<NET-ASSETS> 185,466,388
<DIVIDEND-INCOME> 125,767
<INTEREST-INCOME> 7,255,266
<OTHER-INCOME> 0
<EXPENSES-NET> 1,136,429
<NET-INVESTMENT-INCOME> 6,244,604
<REALIZED-GAINS-CURRENT> 180,555
<APPREC-INCREASE-CURRENT> 5,672,314
<NET-CHANGE-FROM-OPS> 12,097,473
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,201,308
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 116,065,628
<NUMBER-OF-SHARES-REDEEMED> 54,884,598
<SHARES-REINVESTED> 46,344
<NET-CHANGE-IN-ASSETS> 66,900,926
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 132,873
<OVERDIST-NET-GAINS-PRIOR> 339,652
<GROSS-ADVISORY-FEES> 738,023
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,156,484
<AVERAGE-NET-ASSETS> 162,150,632
<PER-SHARE-NAV-BEGIN> 9.72
<PER-SHARE-NII> 0.39
<PER-SHARE-GAIN-APPREC> 0.39
<PER-SHARE-DIVIDEND> 0.38
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.12
<EXPENSE-RATIO> 0.69
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> KENT MICHIGAN MUNICIPAL BOND INV
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 182,378,854
<INVESTMENTS-AT-VALUE> 184,913,693
<RECEIVABLES> 2,514,367
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 187,428,060
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 62,475
<TOTAL-LIABILITIES> 62,475
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 185,009,637
<SHARES-COMMON-STOCK> 187,833
<SHARES-COMMON-PRIOR> 203,625
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 178,891
<ACCUM-APPREC-OR-DEPREC> 2,534,839
<NET-ASSETS> 1,899,197
<DIVIDEND-INCOME> 125,767
<INTEREST-INCOME> 7,255,266
<OTHER-INCOME> 0
<EXPENSES-NET> 1,136,429
<NET-INVESTMENT-INCOME> 6,244,604
<REALIZED-GAINS-CURRENT> 180,555
<APPREC-INCREASE-CURRENT> 5,672,314
<NET-CHANGE-FROM-OPS> 12,097,473
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 69,707
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 372,427
<NUMBER-OF-SHARES-REDEEMED> 556,597
<SHARES-REINVESTED> 31,264
<NET-CHANGE-IN-ASSETS> 66,900,926
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 132,873
<OVERDIST-NET-GAINS-PRIOR> 339,652
<GROSS-ADVISORY-FEES> 738,023
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,156,484
<AVERAGE-NET-ASSETS> 1,854,509
<PER-SHARE-NAV-BEGIN> 9.72
<PER-SHARE-NII> 0.37
<PER-SHARE-GAIN-APPREC> 0.40
<PER-SHARE-DIVIDEND> .38
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.11
<EXPENSE-RATIO> 0.83
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> KENT MONEY MARKET INV
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 425,839,920
<INVESTMENTS-AT-VALUE> 425,839,920
<RECEIVABLES> 2,377,487
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 428,217,407
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,175,087
<TOTAL-LIABILITIES> 2,175,087
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 426,030,099
<SHARES-COMMON-STOCK> 1,227,451
<SHARES-COMMON-PRIOR> 368,913
<ACCUMULATED-NII-CURRENT> 13,072
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 851
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,227,462
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 30,826,476
<OTHER-INCOME> 0
<EXPENSES-NET> 2,835,692
<NET-INVESTMENT-INCOME> 27,990,784
<REALIZED-GAINS-CURRENT> 129
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 27,990,913
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 62,562
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,977,389
<NUMBER-OF-SHARES-REDEEMED> 2,177,444
<SHARES-REINVESTED> 58,593
<NET-CHANGE-IN-ASSETS> 102,133,896
<ACCUMULATED-NII-PRIOR> 13,072
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 980
<GROSS-ADVISORY-FEES> 2,056,213
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,243,270
<AVERAGE-NET-ASSETS> 1,156,130
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.05
<PER-SHARE-DISTRIBUTIONS> 0
<RETURN-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> KENT MONEY MARKET INST
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 425,839,920
<INVESTMENTS-AT-VALUE> 425,839,920
<RECEIVABLES> 2,377,487
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 428,217,407
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,175,087
<TOTAL-LIABILITIES> 2,175,087
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 426,030,099
<SHARES-COMMON-STOCK> 424,807,844
<SHARES-COMMON-PRIOR> 323,532,615
<ACCUMULATED-NII-CURRENT> 13,072
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 851
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 424,814,858
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 30,826,476
<OTHER-INCOME> 0
<EXPENSES-NET> 2,835,692
<NET-INVESTMENT-INCOME> 27,990,784
<REALIZED-GAINS-CURRENT> 129
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 27,990,913
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 27,928,222
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 866,868,069
<NUMBER-OF-SHARES-REDEEMED> 765,999,260
<SHARES-REINVESTED> 406,420
<NET-CHANGE-IN-ASSETS> 102,133,896
<ACCUMULATED-NII-PRIOR> 13,072
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 980
<GROSS-ADVISORY-FEES> 2,056,213
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,243,270
<AVERAGE-NET-ASSETS> 512,897,199
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.05
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.0
<EXPENSE-RATIO> 0.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> KENT SHORT TERM BOND INV
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 304,120,369
<INVESTMENTS-AT-VALUE> 308,300,919
<RECEIVABLES> 4,133,624
<ASSETS-OTHER> 281,250
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 312,715,793
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 401,899
<TOTAL-LIABILITIES> 401,899
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 312,200,061
<SHARES-COMMON-STOCK> 164,130
<SHARES-COMMON-PRIOR> 173,288
<ACCUMULATED-NII-CURRENT> 191,514
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 4,258,231
<ACCUM-APPREC-OR-DEPREC> 4,180,550
<NET-ASSETS> 1,633,557
<DIVIDEND-INCOME> 935,465
<INTEREST-INCOME> 17,585,707
<OTHER-INCOME> 0
<EXPENSES-NET> 2,237,933
<NET-INVESTMENT-INCOME> 16,283,239
<REALIZED-GAINS-CURRENT> (169,677)
<APPREC-INCREASE-CURRENT> 9,890,799
<NET-CHANGE-FROM-OPS> 26,004,361
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 86,567
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,044,671
<NUMBER-OF-SHARES-REDEEMED> 1,216,355
<SHARES-REINVESTED> 76,971
<NET-CHANGE-IN-ASSETS> 133,899,572
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 83,228
<OVERDIST-NET-GAINS-PRIOR> 4,088,554
<GROSS-ADVISORY-FEES> 1,454,445
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,237,933
<AVERAGE-NET-ASSETS> 1,599,388
<PER-SHARE-NAV-BEGIN> 9.52
<PER-SHARE-NII> 0.52
<PER-SHARE-GAIN-APPREC> 0.44
<PER-SHARE-DIVIDEND> 0.53
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.95
<EXPENSE-RATIO> 0.91
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> KENT SHORT TERM BOND INST
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 304,120,369
<INVESTMENTS-AT-VALUE> 308,300,919
<RECEIVABLES> 4,133,624
<ASSETS-OTHER> 281,250
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 312,715,793
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 401,899
<TOTAL-LIABILITIES> 401,899
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 312,200,061
<SHARES-COMMON-STOCK> 31,192,271
<SHARES-COMMON-PRIOR> 18,569,368
<ACCUMULATED-NII-CURRENT> 191,514
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 4,258,231
<ACCUM-APPREC-OR-DEPREC> 4,180,550
<NET-ASSETS> 310,680,337
<DIVIDEND-INCOME> 935,465
<INTEREST-INCOME> 17,585,707
<OTHER-INCOME> 0
<EXPENSES-NET> 2,237,933
<NET-INVESTMENT-INCOME> 16,283,239
<REALIZED-GAINS-CURRENT> (169,677)
<APPREC-INCREASE-CURRENT> 9,890,799
<NET-CHANGE-FROM-OPS> 26,004,361
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 16,005,158
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 322,116,358
<NUMBER-OF-SHARES-REDEEMED> 208,678,578
<SHARES-REINVESTED> 10,643,869
<NET-CHANGE-IN-ASSETS> 133,899,572
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 83,228
<OVERDIST-NET-GAINS-PRIOR> 4,088,554
<GROSS-ADVISORY-FEES> 1,454,445
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,237,933
<AVERAGE-NET-ASSETS> 289,289,522
<PER-SHARE-NAV-BEGIN> 9.52
<PER-SHARE-NII> 0.55
<PER-SHARE-GAIN-APPREC> 0.43
<PER-SHARE-DIVIDEND> 0.54
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.96
<EXPENSE-RATIO> 0.77
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> THE KENT SMALL COMPANY GROWTH FUND INV. CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 417,282,880
<INVESTMENTS-AT-VALUE> 469,888,089
<RECEIVABLES> 761,263
<ASSETS-OTHER> 483,409
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 471,132,761
<PAYABLE-FOR-SECURITIES> 8,717,099
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,388,219
<TOTAL-LIABILITIES> 10,105,318
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 404,867,895
<SHARES-COMMON-STOCK> 793,547
<SHARES-COMMON-PRIOR> 704,127
<ACCUMULATED-NII-CURRENT> 24,141
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,575,323
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 52,560,084
<NET-ASSETS> 10,954,966
<DIVIDEND-INCOME> 5,619,333
<INTEREST-INCOME> 73,729
<OTHER-INCOME> 0
<EXPENSES-NET> 3,079,446
<NET-INVESTMENT-INCOME> 2,613,616
<REALIZED-GAINS-CURRENT> 14,697,434
<APPREC-INCREASE-CURRENT> 50,369,980
<NET-CHANGE-FROM-OPS> 67,681,030
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 52,489
<DISTRIBUTIONS-OF-GAINS> 575,105
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,064,021
<NUMBER-OF-SHARES-REDEEMED> 2,486,720
<SHARES-REINVESTED> 617,761
<NET-CHANGE-IN-ASSETS> 148,415,805
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 10,830,043
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,210,891
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,079,446
<AVERAGE-NET-ASSETS> 9,311,404
<PER-SHARE-NAV-BEGIN> 11.98
<PER-SHARE-NII> .07
<PER-SHARE-GAIN-APPREC> 2.64
<PER-SHARE-DIVIDEND> .07
<PER-SHARE-DISTRIBUTIONS> .81
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.81
<EXPENSE-RATIO> 1.20
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> THE KENT SMALL COMPANY GROWTH FUND INSTIT. CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 417,282,880
<INVESTMENTS-AT-VALUE> 469,888,089
<RECEIVABLES> 761,263
<ASSETS-OTHER> 483,409
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 471,132,761
<PAYABLE-FOR-SECURITIES> 8,717,099
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,388,219
<TOTAL-LIABILITIES> 10,105,318
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 404,867,895
<SHARES-COMMON-STOCK> 32,567,385
<SHARES-COMMON-PRIOR> 25,374,054
<ACCUMULATED-NII-CURRENT> 24,141
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,575,323
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 52,560,084
<NET-ASSETS> 450,072,477
<DIVIDEND-INCOME> 5,619,333
<INTEREST-INCOME> 73,729
<OTHER-INCOME> 0
<EXPENSES-NET> 3,079,446
<NET-INVESTMENT-INCOME> 2,613,616
<REALIZED-GAINS-CURRENT> 14,697,434
<APPREC-INCREASE-CURRENT> 50,369,980
<NET-CHANGE-FROM-OPS> 67,681,030
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,536,986
<DISTRIBUTIONS-OF-GAINS> 21,377,049
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 214,950,302
<NUMBER-OF-SHARES-REDEEMED> 123,856,962
<SHARES-REINVESTED> 12,988,002
<NET-CHANGE-IN-ASSETS> 148,415,805
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 10,830,043
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,210,891
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,079,446
<AVERAGE-NET-ASSETS> 306,530,168
<PER-SHARE-NAV-BEGIN> 11.99
<PER-SHARE-NII> .10
<PER-SHARE-GAIN-APPREC> 2.64
<PER-SHARE-DIVIDEND> .10
<PER-SHARE-DISTRIBUTIONS> .81
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.82
<EXPENSE-RATIO> .97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> KENT TAX-FREE INCOME INV
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 115,398,882
<INVESTMENTS-AT-VALUE> 120,364,711
<RECEIVABLES> 2,114,450
<ASSETS-OTHER> 3,522
<OTHER-ITEMS-ASSETS> 5,591
<TOTAL-ASSETS> 122,488,274
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 103,984
<TOTAL-LIABILITIES> 103,984
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 117,251,067
<SHARES-COMMON-STOCK> 50,253
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 29,289
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 138,105
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,965,829
<NET-ASSETS> 528,756
<DIVIDEND-INCOME> 72,554
<INTEREST-INCOME> 4,087,871
<OTHER-INCOME> 0
<EXPENSES-NET> 587,393
<NET-INVESTMENT-INCOME> 3,573,032
<REALIZED-GAINS-CURRENT> 148,330
<APPREC-INCREASE-CURRENT> 4,965,829
<NET-CHANGE-FROM-OPS> 8,687,191
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 12,658
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 530,148
<NUMBER-OF-SHARES-REDEEMED> 34,578
<SHARES-REINVESTED> 12,658
<NET-CHANGE-IN-ASSETS> 122,384,290
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 442,275
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 735,861
<AVERAGE-NET-ASSETS> 415,719
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> 0.51
<PER-SHARE-DIVIDEND> 0.30
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.52
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> KENT TAX-FREE INCOME INST
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 115,398,882
<INVESTMENTS-AT-VALUE> 120,364,711
<RECEIVABLES> 2,114,450
<ASSETS-OTHER> 3,522
<OTHER-ITEMS-ASSETS> 5,591
<TOTAL-ASSETS> 122,488,274
<PAYABLE-FOR-SECURITIES> 0
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<TOTAL-LIABILITIES> 103,984
<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 11,611,059
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<ACCUMULATED-NII-CURRENT> 29,289
<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 121,855,534
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<APPREC-INCREASE-CURRENT> 4,965,829
<NET-CHANGE-FROM-OPS> 8,687,191
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 134,004,667
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<SHARES-REINVESTED> 13,880
<NET-CHANGE-IN-ASSETS> 122,384,290
<ACCUMULATED-NII-PRIOR> 0
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<INTEREST-EXPENSE> 0
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<PER-SHARE-NAV-BEGIN> 10.00
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<PER-SHARE-NAV-END> 10.49
<EXPENSE-RATIO> 0.73
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
