<PAGE> PAGE 1
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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 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
066 A000400 N
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070 H020400 N
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070 I020400 N
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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015 A000501 STATE STREET BANK AND TRUST COMPANY
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
049 000500 N
050 000500 N
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<PAGE> PAGE 31
070 E020500 N
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<PAGE> PAGE 32
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<PAGE> PAGE 33
008 B000601 A
008 C000601 801-0000
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008 D020601 NY
008 D030601 14240
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015 A000604 THE CHASE MANHATTAN CORPORATION
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015 A000605 NATIONSBANK OF NORTH CAROLINA
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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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015 A000701 STATE STREET BANK AND TRUST COMPANY
015 B000701 C
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<PAGE> PAGE 39
015 C030703 28255
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<PAGE> PAGE 40
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<PAGE> PAGE 41
048 H020700 0.000
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050 000700 N
051 000700 N
052 000700 N
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055 A000700 N
055 B000700 N
056 000700 Y
057 000700 N
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066 A000700 Y
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<PAGE> PAGE 42
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
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070 K010700 N
070 K020700 Y
070 L010700 Y
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070 M010700 N
070 M020700 N
070 N010700 N
070 N020700 N
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070 Q010700 N
070 Q020700 N
070 R010700 N
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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SIGNATURE S. ELLIOTT COHAN
TITLE ASST. GEN. COUNSEL
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<S> <C>
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<SERIES>
<NUMBER> 07
<NAME> Vision Group of Funds, Inc.
Vision Capital Appreciation Fund
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<PERIOD-END> Oct-31-1996
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 06
<NAME> Vision Group of Funds, Inc.
Vision Growth and Income Fund
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<EXPENSES-NET> 412,837
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<SHARES-REINVESTED> 13,505
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> Vision Group of Funds, Inc.
Vision Money Market Fund
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<FISCAL-YEAR-END> Apr-30-1997
<PERIOD-END> Oct-31-1996
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<NUMBER-OF-SHARES-SOLD> 1,622,318,659
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<PER-SHARE-NAV-BEGIN> 1.000
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> Vision Group of Funds, Inc.
Vision New York Tax-Free Fund
<PERIOD-TYPE> 6-Mos
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<PERIOD-END> Oct-31-1996
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<INVESTMENTS-AT-VALUE> 33,230,341
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<TOTAL-ASSETS> 34,449,676
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<OVERDISTRIBUTION-GAINS> 0
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> Vision Group of Funds, Inc.
Vision New York Tax-Free Money Market Fund
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</TABLE>
<TABLE> <S> <C>
<S> <C>
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<SERIES>
<NUMBER> 02
<NAME> Vision Group of Funds, Inc.
Vision Treasury Money Market Fund
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 05
<NAME> Vision Group of Funds, Inc.
Vision U.S. Government Securities Fund
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</TABLE>
