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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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<PAGE> PAGE 9
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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 15
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<PAGE> PAGE 18
SIGNATURE DENNIS J. WESTLEY
TITLE SVP
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This schedule contains summary financial information extracted from
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<CIK> 0000814436
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This schedule contains summary financial information extracted from
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<CIK> 0000814436
<NAME> WILLIAM PENN INTEREST INCOME FUND
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from
12/31/95 NSAR and is qualified in its entirety by reference to such
NSAR.
</LEGEND>
<CIK> 0000814436
<NAME> WILLIAM PENN INTEREST INCOME FUND
<SERIES>
<NUMBER> 3
<NAME> PENNSYLVANIA TAX-FREE INCOME PORTFOLIO
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1995
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from
12/31/95 NSAR and is qualified in its entirety by reference to such
NSAR.
</LEGEND>
<CIK> 0000814436
<NAME> WILLIAM PENN INTEREST INCOME FUND
<SERIES>
<NUMBER> 4
<NAME> MONEY MARKET INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
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</TABLE>
