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028 C030700 0
028 C040700 290
028 D010700 282
028 D020700 0
028 D030700 0
028 D040700 35
028 E010700 247
028 E020700 0
028 E030700 0
028 E040700 38
028 F010700 366
028 F020700 0
028 F030700 0
028 F040700 94
028 G010700 1636
028 G020700 0
028 G030700 0
028 G040700 746
028 H000700 0
055 A000700 N
055 B000700 N
056 000700 N
057 000700 N
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
063 B000700 0.0
066 A000700 Y
066 B000700 N
066 C000700 Y
<PAGE> PAGE 22
066 D000700 N
066 E000700 N
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
071 A000700 3465
071 B000700 3270
071 C000700 10038
071 D000700 33
072 A000700 12
072 B000700 70
072 C000700 81
072 D000700 0
072 E000700 0
072 F000700 119
072 G000700 0
072 H000700 0
072 I000700 0
072 J000700 0
072 K000700 0
072 L000700 2
072 M000700 2
072 N000700 2
072 O000700 0
072 P000700 0
072 Q000700 10
072 R000700 11
072 S000700 5
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 4
072 X000700 155
072 Y000700 52
072 Z000700 47
072AA000700 366
072BB000700 386
072CC010700 2480
072CC020700 0
072DD010700 0
072DD020700 0
072EE000700 0
073 A010700 0.0000
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 0
074 B000700 1686
<PAGE> PAGE 23
074 C000700 395
074 D000700 0
074 E000700 0
074 F000700 11145
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 10
074 M000700 50
074 N000700 13286
074 O000700 428
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 10
074 S000700 0
074 T000700 12848
074 U010700 958
074 U020700 0
074 V010700 13.41
074 V020700 0.00
074 W000700 0.0000
074 X000700 306
074 Y000700 0
075 A000700 0
075 B000700 11180
076 000700 0.00
028 A010800 650
028 A020800 0
028 A030800 0
028 A040800 1035
028 B010800 922
028 B020800 0
028 B030800 0
028 B040800 337
028 C010800 494
028 C020800 0
028 C030800 0
028 C040800 726
028 D010800 636
028 D020800 0
028 D030800 0
028 D040800 183
028 E010800 593
028 E020800 0
028 E030800 0
028 E040800 630
<PAGE> PAGE 24
028 F010800 3050
028 F020800 0
028 F030800 0
028 F040800 528
028 G010800 6345
028 G020800 0
028 G030800 0
028 G040800 3439
028 H000800 0
055 A000800 Y
055 B000800 N
056 000800 N
057 000800 N
062 A000800 Y
062 B000800 0.0
062 C000800 0.0
062 D000800 1.8
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 9.3
062 M000800 88.9
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 0
063 B000800 3.4
066 A000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
071 A000800 17177
071 B000800 11614
071 C000800 22740
071 D000800 51
072 A000800 12
072 B000800 1479
072 C000800 14
072 D000800 0
072 E000800 0
072 F000800 183
072 G000800 0
072 H000800 0
072 I000800 0
<PAGE> PAGE 25
072 J000800 0
072 K000800 0
072 L000800 2
072 M000800 2
072 N000800 3
072 O000800 0
072 P000800 0
072 Q000800 10
072 R000800 11
072 S000800 5
072 T000800 0
072 U000800 0
072 V000800 0
072 W000800 5
072 X000800 221
072 Y000800 38
072 Z000800 1310
072AA000800 83
072BB000800 72
072CC010800 1251
072CC020800 0
072DD010800 0
072DD020800 0
072EE000800 0
073 A010800 0.0000
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 1
074 B000800 507
074 C000800 0
074 D000800 25582
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 0
074 K000800 0
074 L000800 2704
074 M000800 13
074 N000800 28807
074 O000800 7
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 17
074 S000800 0
074 T000800 28783
<PAGE> PAGE 26
074 U010800 2536
074 U020800 0
074 V010800 11.35
074 V020800 0.00
074 W000800 0.0000
074 X000800 321
074 Y000800 0
075 A000800 0
075 B000800 25161
076 000800 0.00
028 A010900 46
028 A020900 0
028 A030900 0
028 A040900 31
028 B010900 47
028 B020900 0
028 B030900 0
028 B040900 10
028 C010900 181
028 C020900 0
028 C030900 0
028 C040900 3
028 D010900 73
028 D020900 0
028 D030900 0
028 D040900 16
028 E010900 423
028 E020900 0
028 E030900 0
028 E040900 506
028 F010900 55
028 F020900 0
028 F030900 0
028 F040900 55
028 G010900 825
028 G020900 0
028 G030900 0
028 G040900 621
028 H000900 0
055 A000900 N
055 B000900 N
056 000900 N
057 000900 N
062 A000900 Y
062 B000900 0.0
062 C000900 0.0
062 D000900 11.4
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
<PAGE> PAGE 27
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 2.0
062 M000900 86.6
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
063 A000900 0
063 B000900 24.4
066 A000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
071 A000900 376
071 B000900 221
071 C000900 2333
071 D000900 9
072 A000900 12
072 B000900 178
072 C000900 3
072 D000900 0
072 E000900 0
072 F000900 22
072 G000900 0
072 H000900 0
072 I000900 0
072 J000900 0
072 K000900 0
072 L000900 2
072 M000900 2
072 N000900 1
072 O000900 0
072 P000900 0
072 Q000900 10
072 R000900 11
072 S000900 5
072 T000900 0
072 U000900 0
072 V000900 0
072 W000900 3
072 X000900 56
072 Y000900 37
072 Z000900 162
072AA000900 29
072BB000900 0
072CC010900 495
072CC020900 0
<PAGE> PAGE 28
072DD010900 0
072DD020900 0
072EE000900 0
073 A010900 0.0000
073 A020900 0.0000
073 B000900 0.0000
073 C000900 0.0000
074 A000900 1
074 B000900 328
074 C000900 0
074 D000900 2492
074 E000900 0
074 F000900 0
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 0
074 K000900 0
074 L000900 58
074 M000900 0
074 N000900 2879
074 O000900 0
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 2
074 S000900 0
074 T000900 2877
074 U010900 221
074 U020900 0
074 V010900 13.01
074 V020900 0.00
074 W000900 0.0000
074 X000900 72
074 Y000900 0
075 A000900 0
075 B000900 2625
076 000900 0.00
028 A011000 309
028 A021000 0
028 A031000 0
028 A041000 7
028 B011000 409
028 B021000 0
028 B031000 0
028 B041000 180
028 C011000 285
028 C021000 0
028 C031000 0
<PAGE> PAGE 29
028 C041000 11
028 D011000 363
028 D021000 0
028 D031000 0
028 D041000 1
028 E011000 157
028 E021000 0
028 E031000 0
028 E041000 2987
028 F011000 137
028 F021000 0
028 F031000 0
028 F041000 112
028 G011000 1660
028 G021000 0
028 G031000 0
028 G041000 3298
028 H001000 0
055 A001000 N
055 B001000 N
056 001000 N
057 001000 N
062 A001000 Y
062 B001000 0.0
062 C001000 0.0
062 D001000 13.4
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 -1.3
062 M001000 58.9
062 N001000 9.9
062 O001000 0.0
062 P001000 17.9
062 Q001000 0.0
062 R001000 0.0
063 A001000 0
063 B001000 5.5
066 A001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
071 A001000 4770
071 B001000 6427
071 C001000 5688
071 D001000 84
<PAGE> PAGE 30
072 A001000 12
072 B001000 382
072 C001000 15
072 D001000 0
072 E001000 0
072 F001000 45
072 G001000 0
072 H001000 0
072 I001000 0
072 J001000 0
072 K001000 0
072 L001000 2
072 M001000 2
072 N001000 1
072 O001000 0
072 P001000 0
072 Q001000 10
072 R001000 11
072 S001000 11
072 T001000 0
072 U001000 0
072 V001000 0
072 W001000 4
072 X001000 86
072 Y001000 41
072 Z001000 352
072AA001000 289
072BB001000 29
072CC011000 196
072CC021000 0
072DD011000 0
072DD021000 0
072EE001000 0
073 A011000 0.0000
073 A021000 0.0000
073 B001000 0.0000
073 C001000 0.0000
074 A001000 1
074 B001000 675
074 C001000 60
074 D001000 4360
074 E001000 0
074 F001000 0
074 G001000 0
074 H001000 0
074 I001000 0
074 J001000 0
074 K001000 0
074 L001000 87
074 M001000 248
074 N001000 5431
<PAGE> PAGE 31
074 O001000 397
074 P001000 0
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 3
074 S001000 0
074 T001000 5031
074 U011000 431
074 U021000 0
074 V011000 11.67
074 V021000 0.00
074 W001000 0.0000
074 X001000 38
074 Y001000 0
075 A001000 0
075 B001000 6383
076 001000 0.00
028 A011100 12
028 A021100 0
028 A031100 0
028 A041100 727
028 B011100 24
028 B021100 0
028 B031100 0
028 B041100 35
028 C011100 14
028 C021100 0
028 C031100 0
028 C041100 27
028 D011100 216
028 D021100 0
028 D031100 0
028 D041100 4762
028 E011100 53
028 E021100 0
028 E031100 0
028 E041100 1044
028 F011100 347
028 F021100 0
028 F031100 0
028 F041100 235
028 G011100 666
028 G021100 0
028 G031100 0
028 G041100 6830
028 H001100 0
055 A001100 N
055 B001100 N
056 001100 N
<PAGE> PAGE 32
057 001100 N
062 A001100 Y
062 B001100 14.1
062 C001100 0.0
062 D001100 6.4
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 6.4
062 M001100 39.5
062 N001100 2.8
062 O001100 0.0
062 P001100 10.3
062 Q001100 0.0
062 R001100 20.5
063 A001100 0
063 B001100 3.5
066 A001100 Y
066 B001100 N
066 C001100 N
066 D001100 N
066 E001100 N
066 F001100 Y
066 G001100 N
067 001100 Y
068 A001100 N
068 B001100 N
069 001100 N
071 A001100 4261
071 B001100 8769
071 C001100 7090
071 D001100 60
072 A001100 12
072 B001100 521
072 C001100 75
072 D001100 0
072 E001100 0
072 F001100 117
072 G001100 0
072 H001100 0
072 I001100 0
072 J001100 0
072 K001100 0
072 L001100 2
072 M001100 2
072 N001100 1
072 O001100 0
<PAGE> PAGE 33
072 P001100 0
072 Q001100 10
072 R001100 11
072 S001100 11
072 T001100 0
072 U001100 0
072 V001100 0
072 W001100 4
072 X001100 158
072 Y001100 41
072 Z001100 479
072AA001100 292
072BB001100 33
072CC011100 308
072CC021100 0
072DD011100 0
072DD021100 0
072EE001100 0
073 A011100 0.0000
073 A021100 0.0000
073 B001100 0.0000
073 C001100 0.0000
074 A001100 1
074 B001100 344
074 C001100 758
074 D001100 2824
074 E001100 0
074 F001100 1097
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 0
074 K001100 0
074 L001100 54
074 M001100 296
074 N001100 5374
074 O001100 0
074 P001100 0
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 5
074 S001100 0
074 T001100 5369
074 U011100 467
074 U021100 0
074 V011100 11.51
074 V021100 0.00
074 W001100 0.0000
074 X001100 8
<PAGE> PAGE 34
074 Y001100 0
075 A001100 0
075 B001100 8451
076 001100 0.00
028 A011200 1547
028 A021200 0
028 A031200 0
028 A041200 264
028 B011200 22
028 B021200 0
028 B031200 0
028 B041200 2181
028 C011200 95
028 C021200 0
028 C031200 0
028 C041200 213
028 D011200 72
028 D021200 0
028 D031200 0
028 D041200 4485
028 E011200 71
028 E021200 0
028 E031200 0
028 E041200 1248
028 F011200 106
028 F021200 0
028 F031200 0
028 F041200 94
028 G011200 1913
028 G021200 0
028 G031200 0
028 G041200 8485
028 H001200 0
055 A001200 Y
055 B001200 N
056 001200 N
057 001200 N
062 A001200 Y
062 B001200 14.4
062 C001200 0.0
062 D001200 4.2
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 4.2
062 M001200 30.3
062 N001200 2.6
<PAGE> PAGE 35
062 O001200 0.0
062 P001200 2.2
062 Q001200 0.0
062 R001200 42.1
063 A001200 0
063 B001200 3.2
066 A001200 Y
066 B001200 N
066 C001200 N
066 D001200 N
066 E001200 N
066 F001200 N
066 G001200 Y
067 001200 Y
068 A001200 N
068 B001200 N
069 001200 N
071 A001200 4570
071 B001200 9656
071 C001200 7469
071 D001200 61
072 A001200 12
072 B001200 313
072 C001200 79
072 D001200 0
072 E001200 0
072 F001200 93
072 G001200 0
072 H001200 0
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072 J001200 0
072 K001200 0
072 L001200 2
072 M001200 2
072 N001200 1
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072 P001200 0
072 Q001200 10
072 R001200 11
072 S001200 11
072 T001200 0
072 U001200 0
072 V001200 0
072 W001200 4
072 X001200 134
072 Y001200 41
072 Z001200 299
072AA001200 482
072BB001200 70
072CC011200 356
072CC021200 0
<PAGE> PAGE 36
072DD011200 0
072DD021200 0
072EE001200 0
073 A011200 0.0000
073 A021200 0.0000
073 B001200 0.0000
073 C001200 0.0000
074 A001200 0
074 B001200 252
074 C001200 850
074 D001200 2075
074 E001200 0
074 F001200 2492
074 G001200 0
074 H001200 0
074 I001200 0
074 J001200 0
074 K001200 0
074 L001200 45
074 M001200 208
074 N001200 5922
074 O001200 0
074 P001200 0
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 5
074 S001200 0
074 T001200 5917
074 U011200 506
074 U021200 0
074 V011200 11.68
074 V021200 0.00
074 W001200 0.0000
074 X001200 14
074 Y001200 0
075 A001200 0
075 B001200 9423
076 001200 0.00
028 A011300 11
028 A021300 0
028 A031300 0
028 A041300 495
028 B011300 2
028 B021300 0
028 B031300 0
028 B041300 2
028 C011300 5
028 C021300 0
028 C031300 0
<PAGE> PAGE 37
028 C041300 7
028 D011300 75
028 D021300 0
028 D031300 0
028 D041300 3156
028 E011300 10
028 E021300 0
028 E031300 0
028 E041300 2561
028 F011300 51
028 F021300 0
028 F031300 0
028 F041300 23
028 G011300 154
028 G021300 0
028 G031300 0
028 G041300 6244
028 H001300 0
055 A001300 N
055 B001300 N
056 001300 N
057 001300 N
062 A001300 Y
062 B001300 8.6
062 C001300 0.0
062 D001300 4.5
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 6.0
062 M001300 20.5
062 N001300 2.1
062 O001300 0.0
062 P001300 2.7
062 Q001300 0.0
062 R001300 55.6
063 A001300 0
063 B001300 3.0
066 A001300 Y
066 B001300 N
066 C001300 N
066 D001300 N
066 E001300 N
066 F001300 N
066 G001300 Y
067 001300 Y
068 A001300 N
<PAGE> PAGE 38
068 B001300 N
069 001300 N
071 A001300 4245
071 B001300 7336
071 C001300 4604
071 D001300 92
072 A001300 12
072 B001300 142
072 C001300 75
072 D001300 0
072 E001300 0
072 F001300 61
072 G001300 0
072 H001300 0
072 I001300 0
072 J001300 0
072 K001300 0
072 L001300 2
072 M001300 2
072 N001300 1
072 O001300 0
072 P001300 0
072 Q001300 10
072 R001300 11
072 S001300 11
072 T001300 0
072 U001300 0
072 V001300 0
072 W001300 4
072 X001300 102
072 Y001300 41
072 Z001300 157
072AA001300 746
072BB001300 93
072CC011300 162
072CC021300 0
072DD011300 0
072DD021300 0
072EE001300 0
073 A011300 0.0000
073 A021300 0.0000
073 B001300 0.0000
073 C001300 0.0000
074 A001300 1
074 B001300 107
074 C001300 204
074 D001300 604
074 E001300 0
074 F001300 1331
074 G001300 0
074 H001300 0
<PAGE> PAGE 39
074 I001300 0
074 J001300 0
074 K001300 0
074 L001300 14
074 M001300 132
074 N001300 2393
074 O001300 0
074 P001300 0
074 Q001300 0
074 R011300 0
074 R021300 0
074 R031300 0
074 R041300 2
074 S001300 0
074 T001300 2391
074 U011300 198
074 U021300 0
074 V011300 12.09
074 V021300 0.00
074 W001300 0.0000
074 X001300 6
074 Y001300 0
075 A001300 0
075 B001300 5812
076 001300 0.00
062 A001400 N
062 B001400 0.0
062 C001400 0.0
062 D001400 0.0
062 E001400 0.0
062 F001400 0.0
062 G001400 0.0
062 H001400 0.0
062 I001400 0.0
062 J001400 0.0
062 K001400 0.0
062 L001400 0.0
062 M001400 0.0
062 N001400 0.0
062 O001400 0.0
062 P001400 0.0
062 Q001400 0.0
062 R001400 0.0
071 A001400 0
071 B001400 0
071 C001400 0
071 D001400 0
072 A001400 12
072 B001400 0
072 C001400 0
072 D001400 0
<PAGE> PAGE 40
072 E001400 0
072 F001400 0
072 G001400 0
072 H001400 0
074 A001400 0
074 B001400 0
074 C001400 0
074 D001400 0
074 E001400 0
074 F001400 0
074 G001400 0
074 H001400 0
074 I001400 0
074 J001400 0
074 K001400 0
074 L001400 0
074 M001400 0
074 N001400 0
074 O001400 0
074 P001400 0
074 Q001400 0
074 R011400 0
074 R021400 0
074 R031400 0
074 R041400 0
074 S001400 0
074 T001400 0
074 U011400 0
074 U021400 0
074 V011400 0.00
074 V021400 0.00
074 W001400 0.0000
074 X001400 0
074 Y001400 0
062 A001500 N
062 B001500 0.0
062 C001500 0.0
062 D001500 0.0
062 E001500 0.0
062 F001500 0.0
062 G001500 0.0
062 H001500 0.0
062 I001500 0.0
062 J001500 0.0
062 K001500 0.0
062 L001500 0.0
062 M001500 0.0
062 N001500 0.0
062 O001500 0.0
062 P001500 0.0
062 Q001500 0.0
<PAGE> PAGE 41
062 R001500 0.0
071 A001500 0
071 B001500 0
071 C001500 0
071 D001500 0
072 A001500 12
072 B001500 0
072 C001500 0
072 D001500 0
072 E001500 0
072 F001500 0
072 G001500 0
072 H001500 0
074 A001500 0
074 B001500 0
074 C001500 0
074 D001500 0
074 E001500 0
074 F001500 0
074 G001500 0
074 H001500 0
074 I001500 0
074 J001500 0
074 K001500 0
074 L001500 0
074 M001500 0
074 N001500 0
074 O001500 0
074 P001500 0
074 Q001500 0
074 R011500 0
074 R021500 0
074 R031500 0
074 R041500 0
074 S001500 0
074 T001500 0
074 U011500 0
074 U021500 0
074 V011500 0.00
074 V021500 0.00
074 W001500 0.0000
074 X001500 0
074 Y001500 0
SIGNATURE MARGUERITE WILLIAMS
TITLE CONTROLLER AND CAO
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
<NUMBER> 1
<NAME> EQUITY GROWTH FUND
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<NAME>AVESTA TRUST
<SERIES>
<NUMBER> 2
<NAME> EQUITY INCOME FUND
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
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<NAME> BALANCED FUND
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
<NUMBER> 4
<NAME> INCOME FUND
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
<NUMBER> 6
<NAME> CORE EQUITY FUND
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
<NUMBER> 7
<NAME> SMALL CAPITALIZATION FUND
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
<NUMBER> 8
<NAME> SHORT-INTERMEDIATE TERM U.S. GOVERNMENT SECURITIES FUND
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
<NUMBER> 9
<NAME> U.S. GOVERNMENT SECURITIES FUND
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
<NUMBER> 10
<NAME> INTERMEDIATE TERM BOND FUND
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<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 212,880
<NUMBER-OF-SHARES-REDEEMED> 294,670
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (992,373)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
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<OVERDIST-NET-GAINS-PRIOR> 0
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<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 5,973,000
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<PER-SHARE-NII> 0.64
<PER-SHARE-GAIN-APPREC> 1.04
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
<NUMBER> 11
<NAME> RISK MANAGER-INCOME FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 5,096,091
<INVESTMENTS-AT-VALUE> 5,391,294
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<ASSETS-OTHER> 987
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<TOTAL-ASSETS> 5,373,995
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<OTHER-ITEMS-LIABILITIES> 5,012
<TOTAL-LIABILITIES> 5,012
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 5,368,983
<DIVIDEND-INCOME> 74,617
<INTEREST-INCOME> 521,046
<OTHER-INCOME> 0
<EXPENSES-NET> 116,580
<NET-INVESTMENT-INCOME> 479,083
<REALIZED-GAINS-CURRENT> 808,803
<APPREC-INCREASE-CURRENT> 307,656
<NET-CHANGE-FROM-OPS> 1,595,542
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<NUMBER-OF-SHARES-SOLD> 1,270,206
<NUMBER-OF-SHARES-REDEEMED> 1,770,961
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (5,871,732)
<ACCUMULATED-NII-PRIOR> 0
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<GROSS-EXPENSE> 0
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<PER-SHARE-NAV-BEGIN> 9.97
<PER-SHARE-NII> 0.48
<PER-SHARE-GAIN-APPREC> 1.06
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.51
<EXPENSE-RATIO> 1.10
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
<NUMBER> 12
<NAME> RISK MANAGER-BALANCED FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 5,563,683
<INVESTMENTS-AT-VALUE> 5,876,914
<RECEIVABLES> 45,251
<ASSETS-OTHER> 105
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,922,270
<PAYABLE-FOR-SECURITIES> 5,510
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 5,510
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 5,916,760
<DIVIDEND-INCOME> 79,188
<INTEREST-INCOME> 312,919
<OTHER-INCOME> 0
<EXPENSES-NET> 92,979
<NET-INVESTMENT-INCOME> 299,128
<REALIZED-GAINS-CURRENT> 672,362
<APPREC-INCREASE-CURRENT> 356,487
<NET-CHANGE-FROM-OPS> 1,327,977
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,379,553
<NUMBER-OF-SHARES-REDEEMED> 1,386,206
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (508,853)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 8,456,000
<PER-SHARE-NAV-BEGIN> 9.94
<PER-SHARE-NII> 0.38
<PER-SHARE-GAIN-APPREC> 1.36
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.68
<EXPENSE-RATIO> 1.10
<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
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
<NUMBER> 13
<NAME> RISK MANAGER-GROWTH FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 2,246,736
<INVESTMENTS-AT-VALUE> 2,377,893
<RECEIVABLES> 14,129
<ASSETS-OTHER> 865
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<TOTAL-ASSETS> 2,392,887
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,210
<TOTAL-LIABILITIES> 2,210
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<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 2,390,677
<DIVIDEND-INCOME> 75,311
<INTEREST-INCOME> 142,296
<OTHER-INCOME> 0
<EXPENSES-NET> 60,623
<NET-INVESTMENT-INCOME> 156,984
<REALIZED-GAINS-CURRENT> 693,488
<APPREC-INCREASE-CURRENT> 162,228
<NET-CHANGE-FROM-OPS> 1,012,700
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 246,984
<NUMBER-OF-SHARES-REDEEMED> 549,521
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (3,573,902)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
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<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 5,532,000
<PER-SHARE-NAV-BEGIN> 9.90
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> 1.88
<PER-SHARE-DIVIDEND> 0
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<PER-SHARE-NAV-END> 12.09
<EXPENSE-RATIO> 1.10
<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
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
<NUMBER> 5
<NAME> MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 72,539,520
<INVESTMENTS-AT-VALUE> 72,539,520
<RECEIVABLES> 338,446
<ASSETS-OTHER> 211
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<TOTAL-ASSETS> 72,878,177
<PAYABLE-FOR-SECURITIES> 1,515,374
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 52,581
<TOTAL-LIABILITIES> 1,567,955
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 71,310,222
<DIVIDEND-INCOME> 51,797
<INTEREST-INCOME> 3,924,454
<OTHER-INCOME> 0
<EXPENSES-NET> 335,411
<NET-INVESTMENT-INCOME> 3,640,840
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,640,840
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 143,467,408
<NUMBER-OF-SHARES-REDEEMED> 131,303,078
<SHARES-REINVESTED> 3,640,840
<NET-CHANGE-IN-ASSETS> 15,805,170
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 67,067,000
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.54
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.54)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
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</TABLE>
PRICE WATERHOUSE LLP [LOGO APPEARS HERE]
INTERNAL CONTROL LETTER
________________________
February 16, 1996
To The Supervisory Committee of
AVESTA Trust
In planning and performing our audit of the financial
statements of the Equity Growth Fund, Equity Income Fund,
Balanced Fund, Income Fund, Money Market Fund, Core Equity
Fund, Small Capitalization Fund, U.S. Government Securities
Fund, Short-Intermediate Term U.S. Government Fund, Risk
Manager-Growth Fund, Risk Manager-Balanced Fund, Risk Manager-
Income Fund and Intermediate Term Bond Fund for the year ended
December 31, 1995 (all thirteen funds constituting the AVESTA
Trust, hereafter referred to as the "Trust"), we considered its
internal control structure, including procedures for
safeguarding securities, in order to determine our auditing
procedures for the purposes of expressing our opinion on the
financial statements and to comply with the requirements of
Form N-SAR, and not to provide assurance on the internal
control structure.
The management of the Trust is responsible for establishing and
maintaining an internal control structure. In fulfilling this
responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of
internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide
management with reasonable, but not absolute, assurance that
assets are appropriately safeguarded against loss from
unauthorized use of 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 the inherent limitations in any internal control
structure, errors or irregularities may occur and not to be
detected. Also, projection of any evaluation of the structure
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 considerations of the internal control structure would not
necessarily disclose all matters in the internal control
structure 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 structure elements
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 structure,
including procedures for safeguarding securities, that we
consider to be material weaknesses as defined above as of
December 31, 1995
This report is intended solely for the information and use of
management and the Securities and Exchange Commission.
/s/ Price Waterhouse LLP
