<PAGE> PAGE 1
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007 C030200 N
007 C010300 3
007 C020300 THE KENT GROWTH AND INCOME FUND
007 C030300 N
007 C010400 4
007 C020400 THE KENT INDEX EQUITY FUND
007 C030400 N
007 C010500 5
007 C020500 THE KENT INTERNATIONAL GROWTH FUND
007 C030500 N
007 C010600 6
007 C020600 THE KENT SMALL COMPANY GROWTH FUND
007 C030600 N
007 C010700 7
007 C020700 THE KENT SHORT TERM BOND FUND
007 C030700 N
007 C010800 8
007 C020800 THE KENT INTERMEDIATE TAX-FREE FUND
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007 C010900 9
007 C020900 THE KENT INTERMEDIATE BOND FUND
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<PAGE> PAGE 2
007 C021000 THE KENT MICHIGAN MUNICIPAL BOND FUND
007 C031000 N
007 C011100 11
007 C021100 THE KENT LIMITED TERM TAX-FREE FUND
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007 C011200 12
007 C021200 THE KENT INCOME FUND
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007 C011300 13
007 C021300 THE KENT TAX FREE INCOME FUND
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007 C011400 14
007 C021400 THE KENT GOVERNMENT MONEY MARKET FUND
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007 C012000 20
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<PAGE> PAGE 3
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<PAGE> PAGE 4
022 C000007 849541
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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
068 A000200 N
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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
015 A000401 BANKERS TRUST COMPANY
015 B000401 C
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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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015 A000601 BANKERS TRUST COMPANY
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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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015 A000701 BANKERS TRUST COMPANY
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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
057 000800 N
062 A000800 Y
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 98.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.4
063 A000800 0
063 B000800 6.9
064 A000800 Y
064 B000800 N
066 A000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 N
070 B010800 N
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 Y
070 L010800 N
<PAGE> PAGE 42
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 N
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 Y
070 Q010800 N
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800 62250
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071 C000800 275265
071 D000800 23
072 A000800 12
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072 J000800 -2
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072 M000800 4
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072 R000800 16
072 S000800 4
072 T000800 8
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072 X000800 2085
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072 Z000800 12268
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072BB000800 0
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072DD010800 12149
072DD020800 135
072EE000800 107
073 A010800 0.4500
<PAGE> PAGE 43
073 A020800 0.4300
073 B000800 0.0000
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074 A000800 0
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074 M000800 3
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074 S000800 0
074 T000800 279176
074 U010800 25809
074 U020800 331
074 V010800 10.68
074 V020800 10.68
074 W000800 0.0000
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074 Y000800 0
075 A000800 0
075 B000800 284889
076 000800 0.00
015 A000901 BANKERS TRUST COMPANY
015 B000901 C
015 C010901 NEW YORK
015 C020901 NY
015 C030901 10005
015 E010901 X
024 000900 Y
025 A000901 J.P. MORGAN & CO.
025 C000901 D
025 D000901 5339
025 A000902 SALOMON, INC.
025 C000902 D
025 D000902 10155
025 A000903 BEAR STEARNS CO.
025 C000903 D
<PAGE> PAGE 44
025 D000903 5580
025 A000904 LEHMAN BROTHERS, INC.
025 C000904 D
025 D000904 5252
025 A000905 SMITH BARNEY HOLDINGS, INC.
025 C000905 D
025 D000905 5043
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025 D000907 0
025 D000908 0
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028 A020900 2154
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028 B020900 2154
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028 D020900 2063
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028 E010900 15530
028 E020900 2021
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028 F010900 14012
028 F020900 2092
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028 G010900 109725
028 G020900 12595
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028 H000900 0
029 000900 Y
030 A000900 3
030 B000900 0.00
030 C000900 0.00
031 A000900 0
031 B000900 0
032 000900 3
033 000900 0
037 000900 N
038 000900 0
039 000900 N
040 000900 Y
<PAGE> PAGE 45
041 000900 Y
042 A000900 0
042 B000900 0
042 C000900 3
042 D000900 97
042 E000900 0
042 F000900 0
042 G000900 0
042 H000900 0
043 000900 17
044 000900 0
045 000900 Y
046 000900 N
047 000900 Y
048 000900 0.550
048 A010900 0
048 A020900 0.000
048 B010900 0
048 B020900 0.000
048 C010900 0
048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 0
048 K020900 0.000
055 A000900 N
055 B000900 N
056 000900 Y
057 000900 N
062 A000900 Y
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 0.0
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062 G000900 1.3
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<PAGE> PAGE 46
062 K000900 0.0
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064 B000900 N
066 A000900 N
067 000900 N
068 A000900 N
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069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 N
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070 C010900 Y
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 Y
070 L010900 Y
070 L020900 Y
070 M010900 N
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
<PAGE> PAGE 47
070 R010900 Y
070 R020900 N
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<PAGE> PAGE 48
074 I000900 0
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015 A001001 BANKERS TRUST COMPANY
015 B001001 C
015 C011001 NEW YORK
015 C021001 NY
015 C031001 10005
015 E011001 X
024 001000 Y
025 A001001 DREYFUS TAX-EXEMPT CASH MANAGEMENT FUND
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<PAGE> PAGE 49
028 C021000 14
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<PAGE> PAGE 50
048 C011000 0
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064 A001000 Y
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066 A001000 N
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<PAGE> PAGE 51
070 B011000 N
070 B021000 N
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070 C021000 N
070 D011000 N
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070 E011000 Y
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
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070 L021000 N
070 M011000 N
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070 N011000 N
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<PAGE> PAGE 52
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074 U011000 10945
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<PAGE> PAGE 53
074 W001000 0.0000
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015 A001101 BANKERS TRUST COMPANY
015 B001101 C
015 C011101 NEW YORK
015 C021101 NY
015 C031101 10005
015 E011101 X
024 001100 Y
025 A001101 DREYFUS TAX-EXEMPT CASH MANAGEMENT FUND
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<PAGE> PAGE 54
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<PAGE> PAGE 55
055 B001100 N
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070 H021100 N
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<PAGE> PAGE 56
070 K021100 Y
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<PAGE> PAGE 57
072EE001100 173
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015 A001201 BANKERS TRUST COMPANY
015 B001201 C
015 C011201 NEW YORK
015 C021201 NY
015 C031201 10005
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024 001200 Y
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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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<PAGE> PAGE 63
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<PAGE> PAGE 64
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<PAGE> PAGE 66
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<PAGE> PAGE 67
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<PAGE> PAGE 68
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<PAGE> PAGE 69
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<PAGE> PAGE 71
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SIGNATURE PENNI RUTKOWSKI
TITLE SUPERVISOR
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</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000799700
<NAME> THE KENT FUNDS
<SERIES>
<NUMBER> 031
<NAME> THE KENT GROWTH AND INCOME FUND
<S> <C>
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<ACCUMULATED-NII-CURRENT> 50009
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<FN>
<F1>Institutional
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000799700
<NAME> THE KENT FUNDS
<SERIES>
<NUMBER> 032
<NAME> THE KENT GROWTH AND INCOME FUND
<S> <C>
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<FN>
<F1>Investment Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000799700
<NAME> THE KENT FUNDS
<SERIES>
<NUMBER> 041
<NAME> THE KENT INDEX EQUITY FUND
<S> <C>
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<FN>
<F1>Institutional Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000799700
<NAME> THE KENT FUNDS
<SERIES>
<NUMBER> 042
<NAME> THE KENT INDEX EQUITY FUND
<S> <C>
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<FN>
<F1>Investment Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000799700
<NAME> THE KENT FUNDS
<SERIES>
<NUMBER> 051
<NAME> THE KENT INTERNATIONAL GROWTH FUND
<S> <C>
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<FN>
<F1>Institutional Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000799700
<NAME> THE KENT FUNDS
<SERIES>
<NUMBER> 052
<NAME> THE KENT INTERNATIONAL GROWTH FUND
<S> <C>
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<FN>
<F1>Investment Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000799700
<NAME> THE KENT FUNDS
<SERIES>
<NUMBER> 061
<NAME> THE KENT SMALL COMPANY GROWTH FUND
<S> <C>
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<FN>
<F1>Institutional Shares
</FN>
</TABLE>
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<CIK> 0000799700
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<SERIES>
<NUMBER> 062
<NAME> THE SMALL COMPANY GROWTH FUND
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<F1>Investment Shares
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<SERIES>
<NUMBER> 071
<NAME> THE KENT SHORT TERM BOND FUND
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<F1>Institutional Shares
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<SERIES>
<NUMBER> 072
<NAME> THE KENT SHORT TERM BOND FUND
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<F1>Investment Shares
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<SERIES>
<NUMBER> 081
<NAME> THE KENT INTERMEDIATE TAX-FREE FUND
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<F1>Institutional Shares
</FN>
</TABLE>
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<SERIES>
<NUMBER> 082
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<F1>Investment Shares
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<NUMBER> 091
<NAME> THE KENT INTERMEDIATE BOND FUND
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<F1>091
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<F1>092
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<NUMBER> 101
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<F1>Institutional Shares
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<FN>
<F1>Investment Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000799700
<NAME> THE KENT FUNDS
<SERIES>
<NUMBER> 111
<NAME> THE KENT LIMITED TERM TAX-FREE FUND
<S> <C>
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<INVESTMENTS-AT-COST> 35258329
<INVESTMENTS-AT-VALUE> 35991523
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<NUMBER-OF-SHARES-REDEEMED> 1435754<F1>
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<FN>
<F1>Institutional Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000799700
<NAME> THE KENT FUNDS
<SERIES>
<NUMBER> 112
<NAME> THE KENT LIMITED TERM TAX-FREE FUND
<S> <C>
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<FN>
<F1>Institutional Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000799700
<NAME> THE KENT FUNDS
<SERIES>
<NUMBER> 121
<NAME> THE KENT INCOME FUND
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1997
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<FN>
<F1>Institutional Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000799700
<NAME> THE KENT FUNDS
<SERIES>
<NUMBER> 122
<NAME> THE KENT INCOME FUND
<S> <C>
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<FN>
<F1>Investment Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000799700
<NAME> THE KENT FUNDS
<SERIES>
<NUMBER> 131
<NAME> THE KENT TAX-FREE INCOME FUND
<S> <C>
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<FN>
<F1>Institutional Shares
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000799700
<NAME> THE KENT FUNDS
<SERIES>
<NUMBER> 132
<NAME> THE KENT TAX-FREE INCOME FUND
<S> <C>
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<FN>
<F1>Investment Shares
</FN>
</TABLE>
<TABLE> <S> <C>
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<CIK> 0000799700
<NAME> THE KENT FUNDS
<SERIES>
<NUMBER> 141
<NAME> THE KENT GOVERNMENT MONEY MARKET FUND
<S> <C>
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<FN>
<F1>Institutional Shares
</FN>
</TABLE>
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<NAME> THE KENT FUNDS
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<NAME> THE KENT GOVERNMENT MONEY MARKET FUND
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<PER-SHARE-NAV-END> 1.00<F1>
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The Trustees
of The Kent Funds:
In planning and performing our audit of the
financial statements of The Kent Funds for
the year ended December 31, 1997, we
considered its internal control, including
internal control activities for safeguarding
securities, in order to determine our auditing
procedures for the purpose of expressing
our opinion on the financial statements and
to comply with the requirements of Form
N-SAR, not to provide assurance on the
internal control.
The management of The Kent Funds is
responsible for establishing and
maintaining internal control. In fulfilling
this responsibility, estimates and
judgments by management are required
to assess the expected benefits and related
costs of internal control activities.
Two of the objectives of internal control
are to provide management with reasonable,
but not absolute, assurance that assets
are safeguarded against loss from
unauthorized use or disposition and that
transactions are executed in accordance
with management's authorization and
recorded properly to permit preparation
of financial statements in conformity with
generally accepted accounting principles.
Because of inherent limitations in any
internal control, errors or irregularities
may occur and not be detected. Also,
projection of any evaluation of internal
control to future periods is subject to the
risk that it may become inadequate
because of changes in conditions or
that the effectiveness of the design and
operation may deteriorate.
Our consideration of the internal control
would not necessarily disclose all matters
in the internal control that might be material
weaknesses under standards established by
the American Institute of Certified Public
Accountants. A material weakness is a
condition in which the design or
operation of the specific internal control
components does not reduce to a relatively
low level the risk that errors or
irregularities in amounts that would be
material in relation to the financial
statements being audited may occur and
not be detected within a timely period
by employees in the normal course of
performing their assigned functions.
However, we noted no matters
involving the internal control, including
control activities for safeguarding securities,
that we consider to be material weaknesses
as defined above as of December 31, 1997.
This report is intended solely for the
information and use of management and
the Securities and Exchange Commission.
Columbus, Ohio
February 20, 1998
