AMSOUTH MUTUAL FUNDS
NSAR-B, 1997-09-29
Previous: AMSOUTH MUTUAL FUNDS, 24F-2NT, 1997-09-29
Next: INSURED MUN INCOME TR & INVESTORS QUA TAX EX TR MULTI SER 78, 497J, 1997-09-29



<PAGE>      PAGE  1
000 B000000 07/31/97
000 C000000 0000832544
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 AMSOUTH MUTUAL FUNDS
001 B000000 811-5551
001 C000000 6144708000
002 A000000 3435 STELZER RD.
002 B000000 COLUMBUS
002 C000000 OH
002 D010000 43219
002 D020000 3035
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 13
007 C010100  1
007 C020100 AMSOUTH MUTUAL FUNDS PRIME OBLIGATIONS FUND
007 C030100 N
007 C010200  2
007 C020200 AMSOUTH MUTUAL FUNDS U.S. TREASURY FUND
007 C030200 N
007 C010300  3
007 C020300 AMSOUTH MUTUAL FUNDS BOND FUND
007 C030300 N
007 C010400  4
007 C020400 AMSOUTH MUTUAL FUNDS EQUITY FUND
007 C030400 N
007 C010500  5
007 C020500 AMSOUTH MUTUAL FUNDS REGIONAL EQUITY
007 C030500 N
007 C010600  6
007 C020600 AMSOUTH MUTUAL FUNDS LIMITED MATURITY
007 C030600 N
007 C010700  7
007 C020700 AMSOUTH MUTUAL FUNDS TAX EXEMPT
007 C030700 N
007 C010800  8
007 C020800 AMSOUTH MUTUAL FUNDS BALANCED FUND
007 C030800 N
007 C010900  9
007 C020900 AMSOUTH MUTUAL FUNDS GOVERNMENT INCOME FUND
007 C030900 N
007 C011000 10
<PAGE>      PAGE  2
007 C021000 AMSOUTH MUTUAL FUNDS FLORIDA TAX FREE FUND
007 C031000 N
007 C011100 11
007 C021100 AMSOUTH MUTUAL FUNDS ALABAMA TAX-FREE BOND FD
007 C031100 N
007 C011200 12
007 C021200 AMSOUTH MUTUAL FUNDS MUNICIPAL BOND FUND
007 C031200 N
007 C011300 13
007 C021300 AMSOUTH MUTUAL FUNDS EQUITY INCOME FUND
007 C031300 N
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 ASO SERVICES COMPANY
010 C01AA01 COLUMBUS
010 C02AA01 OH
010 C03AA01 43219
011 A00AA01 BISYS FUND SERVICES L.P.
011 B00AA01 8-0000
011 C01AA01 COLUMBUS
011 C02AA01 OH
011 C03AA01 43219
012 A00AA01 BISYS FUND SERVICES OHIO
012 B00AA01 84-0000
012 C01AA01 COLUMBUS
012 C02AA01 OH
012 C03AA01 43219
013 A00AA01 COOPERS & LYBRAND L.L.P.
013 B01AA01 COLUMBUS
013 B02AA01 OH
013 B03AA01 43215
014 A00AA01 AMSOUTH INVESTMENT SERVICES
014 B00AA01 8-00000000
015 A00AA01 AMSOUTH BANK
015 B00AA01 C
015 C01AA01 BIRMINGHAM
015 C02AA01 AL
015 C03AA01 35203
015 E03AA01 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 MORGAN STANLEY GROUP, INC.
020 C000001     99
020 A000002 DONALDSON LUFKIN
020 C000002     65
<PAGE>      PAGE  3
020 A000003 BEAR STEARNS & CO.
020 C000003     52
020 A000004 C.S. FIRST BOSTON
020 C000004     48
020 A000005 FIRST CHICAGO
020 C000005     42
020 A000006 PRUDENTIAL-BACHE
020 C000006     34
020 A000007 SMITH BARNEY SHEARSON
020 C000007     27
020 A000008 CANYON PARTNERS
020 C000008     24
020 A000009 NATIONAL BANK OF CANADA
020 C000009     21
020 A000010 SALOMON BROTHERS
020 C000010     17
021  000000      670
022 A000001 C.S. FIRST BOSTON CORP.
022 C000001   2497036
022 D000001   1462450
022 A000002 FIRST CHICAGO
022 C000002   1724691
022 D000002    531456
022 A000003 PAINE WEBBER
022 C000003    350077
022 D000003      9802
022 A000004 LEHMAN
022 C000004    293343
022 D000004     63567
022 A000005 GOLDMAN SACHS
022 C000005     81767
022 D000005     74231
022 A000006 BANKAMERICA
022 C000006    115609
022 D000006         0
022 A000007 FEDERATED
022 C000007     58070
022 D000007     54028
022 A000008 MERRILL LYNCH & CO.
022 C000008     88793
022 D000008     22452
022 A000009 SMITH BARNEY
022 C000009     72843
022 D000009      1008
022 A000010 HILLIARD LYONS
022 C000010     53736
022 D000010         0
023 C000000    7083002
023 D000000    2737381
026 A000000 N
026 B000000 N
<PAGE>      PAGE  4
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 N
041  00AA00 N
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 Y
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
<PAGE>      PAGE  5
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 NATIONAL UNION
080 C00AA00     2100
081 A00AA00 N
081 B00AA00   0
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
008 A000101 AMSOUTH BANK
008 B000101 A
008 C000101 801-000000
008 D010101 BIRMINGHAM
008 D020101 AL
008 D030101 35203
024  000100 Y
025 A000101 C.S. FIRST BOSTON CORP.
025 C000101 D
025 D000101    9866
025 A000102 MERRILL LYNCH & CO., INC.
025 C000102 D
025 D000102   19712
025 D000103       0
025 D000104       0
025 D000105       0
025 D000106       0
025 D000107       0
025 D000108       0
028 A010100    135339
<PAGE>      PAGE  6
028 A020100       597
028 A030100         0
028 A040100    117228
028 B010100    164288
028 B020100       540
028 B030100         0
028 B040100    123112
028 C010100    159801
028 C020100       667
028 C030100         0
028 C040100    197050
028 D010100    143146
028 D020100       646
028 D030100         0
028 D040100    144630
028 E010100     78322
028 E020100       649
028 E030100         0
028 E040100    115545
028 F010100    119443
028 F020100       631
028 F030100         0
028 F040100    138362
028 G010100    800339
028 G020100      3730
028 G030100         0
028 G040100    835927
028 H000100         0
029  000100 N
030 A000100      0
030 B000100  0.00
030 C000100  0.00
031 A000100      0
031 B000100      0
032  000100      0
033  000100      0
042 A000100   0
042 B000100   0
042 C000100   0
042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100      0
044  000100      0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.400
048 A010100        0
<PAGE>      PAGE  7
048 A020100 0.000
048 B010100        0
048 B020100 0.000
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100        0
048 K020100 0.000
055 A000100 N
055 B000100 N
056  000100 Y
057  000100 N
058 A000100 N
059  000100 Y
060 A000100 Y
060 B000100 Y
061  000100     1000
062 A000100 Y
062 B000100   0.0
062 C000100   1.9
062 D000100  12.2
062 E000100   0.0
062 F000100   4.6
062 G000100   0.0
062 H000100   0.0
062 I000100  66.9
062 J000100   0.0
062 K000100   0.0
062 L000100  10.3
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   4.3
062 Q000100   0.0
062 R000100   0.0
063 A000100  48
063 B000100  0.0
064 A000100 Y
<PAGE>      PAGE  8
064 B000100 N
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100         0
071 B000100         0
071 C000100         0
071 D000100    0
072 A000100 12
072 B000100    32939
072 C000100        0
072 D000100        0
072 E000100        0
<PAGE>      PAGE  9
072 F000100     2367
072 G000100     1183
072 H000100        0
072 I000100       91
072 J000100       29
072 K000100        0
072 L000100       55
072 M000100       15
072 N000100        3
072 O000100        0
072 P000100        0
072 Q000100      189
072 R000100       33
072 S000100       39
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100      320
072 X000100     4324
072 Y000100      183
072 Z000100    28798
072AA000100        0
072BB000100        0
072CC010100        0
072CC020100        0
072DD010100     5860
072DD020100    22938
072EE000100        0
073 A010100   0.0480
073 A020100   0.0490
073 B000100   0.0000
073 C000100   0.0000
074 A000100        0
074 B000100    64263
074 C000100   464685
074 D000100        0
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100     1628
074 M000100        2
074 N000100   530578
074 O000100        0
074 P000100      243
074 Q000100        0
074 R010100        0
074 R020100        0
<PAGE>      PAGE  10
074 R030100        0
074 R040100     2342
074 S000100        0
074 T000100   527993
074 U010100   111033
074 U020100   416983
074 V010100     1.00
074 V020100     1.00
074 W000100   0.9999
074 X000100       29
074 Y000100        0
075 A000100   591654
075 B000100        0
076  000100     0.00
008 A000201 AMSOUTH BANK
008 B000201 A
008 C000201 801-000000
008 D010201 BIRMINGHAM
008 D020201 AL
008 D030201 35203
024  000200 N
025 D000201       0
025 D000202       0
025 D000203       0
025 D000204       0
025 D000205       0
025 D000206       0
025 D000207       0
025 D000208       0
028 A010200     76077
028 A020200        67
028 A030200         0
028 A040200     62911
028 B010200     77300
028 B020200        54
028 B030200         0
028 B040200     68333
028 C010200     50077
028 C020200        68
028 C030200         0
028 C040200     67959
028 D010200     53212
028 D020200        49
028 D030200         0
028 D040200     51100
028 E010200     57057
028 E020200        65
028 E030200         0
028 E040200     74916
028 F010200     77865
028 F020200        67
<PAGE>      PAGE  11
028 F030200         0
028 F040200     71981
028 G010200    391588
028 G020200       370
028 G030200         0
028 G040200    397200
028 H000200         0
029  000200 N
030 A000200      0
030 B000200  0.00
030 C000200  0.00
031 A000200      0
031 B000200      0
032  000200      0
033  000200      0
042 A000200   0
042 B000200   0
042 C000200   0
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200      0
044  000200      0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.400
048 A010200        0
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
<PAGE>      PAGE  12
055 A000200 Y
055 B000200 N
056  000200 Y
057  000200 N
058 A000200 N
059  000200 Y
060 A000200 Y
060 B000200 Y
061  000200     1000
062 A000200 Y
062 B000200  65.4
062 C000200   0.0
062 D000200  34.6
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200  45
063 B000200  0.0
064 A000200 N
064 B000200 N
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
<PAGE>      PAGE  13
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200         0
071 B000200         0
071 C000200         0
071 D000200    0
072 A000200 12
072 B000200    17539
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200     1325
072 G000200      663
072 H000200        0
072 I000200       74
072 J000200       10
072 K000200        0
072 L000200       28
072 M000200        9
072 N000200       19
072 O000200        0
072 P000200        0
072 Q000200      109
072 R000200       18
072 S000200       25
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200       39
072 X000200     2319
072 Y000200       17
072 Z000200    15237
<PAGE>      PAGE  14
072AA000200        0
072BB000200        0
072CC010200        0
072CC020200        0
072DD010200      497
072DD020200    14740
072EE000200        0
073 A010200   0.0450
073 A020200   0.0460
073 B000200   0.0000
073 C000200   0.0000
074 A000200        0
074 B000200   110452
074 C000200   208924
074 D000200        0
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200        0
074 L000200     1199
074 M000200        0
074 N000200   320575
074 O000200        0
074 P000200      131
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200     1198
074 S000200        0
074 T000200   319246
074 U010200     9885
074 U020200   309359
074 V010200     1.00
074 V020200     1.00
074 W000200   1.0000
074 X000200       20
074 Y000200        0
075 A000200   331283
075 B000200        0
076  000200     0.00
008 A000301 AMSOUTH BANK
008 B000301 A
008 C000301 801-000000
008 D010301 BIRMINGHAM
008 D020301 AL
008 D030301 35203
024  000300 Y
<PAGE>      PAGE  15
025 A000301 BANKAMERICA CORP.
025 C000301 D
025 D000301    1269
025 A000302 BEAR STEARNS CO, INC.
025 C000302 D
025 D000302    1009
025 A000303 MERRILL LYNCH & CO., INC.
025 C000303 D
025 D000303    2851
025 A000304 MORGAN STANLEY GROUP, INC.
025 C000304 D
025 D000304    1046
025 D000305       0
025 D000306       0
025 D000307       0
025 D000308       0
028 A010300      3506
028 A020300       444
028 A030300         0
028 A040300      1848
028 B010300      3070
028 B020300       407
028 B030300         0
028 B040300      1527
028 C010300      3744
028 C020300       418
028 C030300         0
028 C040300      4324
028 D010300      3896
028 D020300       499
028 D030300         0
028 D040300      1667
028 E010300      3975
028 E020300       449
028 E030300         0
028 E040300      2015
028 F010300    167838
028 F020300       470
028 F030300         0
028 F040300      5925
028 G010300    186029
028 G020300      2687
028 G030300         0
028 G040300     17306
028 H000300       183
029  000300 Y
030 A000300      7
030 B000300  4.00
030 C000300  0.00
031 A000300      0
031 B000300      0
<PAGE>      PAGE  16
032  000300      7
033  000300      0
042 A000300   0
042 B000300   0
042 C000300   0
042 D000300   0
042 E000300   0
042 F000300   0
042 G000300   0
042 H000300   0
043  000300      0
044  000300      0
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.650
048 A010300        0
048 A020300 0.000
048 B010300        0
048 B020300 0.000
048 C010300        0
048 C020300 0.000
048 D010300        0
048 D020300 0.000
048 E010300        0
048 E020300 0.000
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
048 J020300 0.000
048 K010300        0
048 K020300 0.000
055 A000300 N
055 B000300 N
056  000300 Y
057  000300 N
058 A000300 N
059  000300 Y
060 A000300 Y
060 B000300 Y
061  000300     1000
062 A000300 Y
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
<PAGE>      PAGE  17
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   0.0
062 M000300  54.1
062 N000300   6.1
062 O000300   0.0
062 P000300  38.3
062 Q000300   0.0
062 R000300   1.1
063 A000300   0
063 B000300  9.1
064 A000300 N
064 B000300 N
066 A000300 N
067  000300 N
068 A000300 N
068 B000300 N
069  000300 N
070 A010300 Y
070 A020300 Y
070 B010300 N
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
<PAGE>      PAGE  18
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300     56943
071 B000300     50190
071 C000300    144958
071 D000300   35
072 A000300 12
072 B000300    10129
072 C000300       77
072 D000300        0
072 E000300        0
072 F000300      969
072 G000300      298
072 H000300        0
072 I000300       46
072 J000300       11
072 K000300        0
072 L000300       37
072 M000300        5
072 N000300       17
072 O000300        0
072 P000300        0
072 Q000300       51
072 R000300       14
072 S000300       10
072 T000300        0
072 U000300        0
072 V000300        0
072 W000300        3
072 X000300     1461
072 Y000300      343
072 Z000300     9088
072AA000300        0
072BB000300      340
072CC010300    10605
072CC020300        0
072DD010300     9548
072DD020300        0
072EE000300        0
073 A010300   0.6900
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300        0
074 B000300        0
<PAGE>      PAGE  19
074 C000300        0
074 D000300   310506
074 E000300        0
074 F000300        0
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300      571
074 K000300        0
074 L000300     6547
074 M000300        0
074 N000300   317624
074 O000300     3986
074 P000300      156
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300     1601
074 S000300        0
074 T000300   311881
074 U010300    28548
074 U020300        0
074 V010300    10.92
074 V020300     0.00
074 W000300   0.0000
074 X000300      336
074 Y000300        0
075 A000300        0
075 B000300   149102
076  000300     0.00
008 A000401 AMSOUTH BANK
008 B000401 A
008 C000401 801-000000
008 D010401 BIRMINGHAM
008 D020401 AL
008 D030401 35203
024  000400 Y
025 A000401 MERRILL LYNCH & CO., INC.
025 C000401 D
025 D000401   11189
025 D000402       0
025 D000403       0
025 D000404       0
025 D000405       0
025 D000406       0
025 D000407       0
025 D000408       0
028 A010400      7420
028 A020400       542
028 A030400         0
<PAGE>      PAGE  20
028 A040400      7650
028 B010400     11873
028 B020400       275
028 B030400         0
028 B040400      7497
028 C010400     17801
028 C020400       245
028 C030400         0
028 C040400     20106
028 D010400     10290
028 D020400        51
028 D030400         0
028 D040400      5036
028 E010400      8499
028 E020400       448
028 E030400         0
028 E040400     12152
028 F010400    433869
028 F020400       182
028 F030400         0
028 F040400     16849
028 G010400    489752
028 G020400      1743
028 G030400         0
028 G040400     69290
028 H000400      3659
029  000400 Y
030 A000400    147
030 B000400  4.50
030 C000400  0.00
031 A000400      0
031 B000400      0
032  000400    147
033  000400      0
042 A000400   0
042 B000400   0
042 C000400   0
042 D000400   0
042 E000400   0
042 F000400   0
042 G000400   0
042 H000400   0
043  000400      0
044  000400      0
045  000400 Y
046  000400 N
047  000400 Y
048  000400  0.800
048 A010400        0
048 A020400 0.000
048 B010400        0
<PAGE>      PAGE  21
048 B020400 0.000
048 C010400        0
048 C020400 0.000
048 D010400        0
048 D020400 0.000
048 E010400        0
048 E020400 0.000
048 F010400        0
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400        0
048 K020400 0.000
055 A000400 N
055 B000400 N
056  000400 Y
057  000400 N
058 A000400 N
059  000400 Y
060 A000400 Y
060 B000400 Y
061  000400     1000
062 A000400 N
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
062 E000400   0.0
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400   0.0
062 N000400   0.0
062 O000400   0.0
062 P000400   0.0
062 Q000400   0.0
062 R000400   0.0
063 A000400   0
063 B000400  0.0
066 A000400 Y
066 B000400 N
066 C000400 N
<PAGE>      PAGE  22
066 D000400 Y
066 E000400 N
066 F000400 N
066 G000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400    127511
071 B000400    108826
071 C000400    444690
071 D000400   24
072 A000400 12
072 B000400      113
072 C000400    11902
<PAGE>      PAGE  23
072 D000400        0
072 E000400        0
072 F000400     3733
072 G000400      934
072 H000400        0
072 I000400       83
072 J000400       28
072 K000400        0
072 L000400       42
072 M000400       17
072 N000400       57
072 O000400        0
072 P000400        0
072 Q000400      142
072 R000400       44
072 S000400       35
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400        9
072 X000400     5124
072 Y000400      188
072 Z000400     7079
072AA000400    31338
072BB000400        0
072CC010400   151828
072CC020400        0
072DD010400     7031
072DD020400        0
072EE000400    21737
073 A010400   0.3000
073 A020400   0.0000
073 B000400   1.0400
073 C000400   0.0000
074 A000400        1
074 B000400        0
074 C000400        0
074 D000400        0
074 E000400        0
074 F000400   975756
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
074 K000400        0
074 L000400     2406
074 M000400        1
074 N000400   978164
074 O000400     1418
074 P000400      709
074 Q000400        0
<PAGE>      PAGE  24
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400     1052
074 S000400        0
074 T000400   974985
074 U010400    41750
074 U020400        0
074 V010400    23.35
074 V020400     0.00
074 W000400   0.0000
074 X000400     3199
074 Y000400        0
075 A000400        0
075 B000400   466998
076  000400     0.00
008 A000501 AMSOUTH BANK
008 B000501 A
008 C000501 801-000000
008 D010501 BIRMINGHAM
008 D020501 AL
008 D030501 35203
024  000500 N
025 D000501       0
025 D000502       0
025 D000503       0
025 D000504       0
025 D000505       0
025 D000506       0
025 D000507       0
025 D000508       0
028 A010500      2796
028 A020500        50
028 A030500         0
028 A040500      1128
028 B010500      4697
028 B020500        16
028 B030500         0
028 B040500      1972
028 C010500      2948
028 C020500        88
028 C030500         0
028 C040500      2420
028 D010500      2824
028 D020500        17
028 D030500         0
028 D040500       573
028 E010500      2082
028 E020500        43
028 E030500         0
028 E040500       916
<PAGE>      PAGE  25
028 F010500      2139
028 F020500        79
028 F030500         0
028 F040500      2279
028 G010500     17486
028 G020500       293
028 G030500         0
028 G040500      9288
028 H000500      3410
029  000500 Y
030 A000500    132
030 B000500  4.50
030 C000500  0.00
031 A000500      0
031 B000500      0
032  000500    132
033  000500      0
042 A000500   0
042 B000500   0
042 C000500   0
042 D000500   0
042 E000500   0
042 F000500   0
042 G000500   0
042 H000500   0
043  000500      0
044  000500      0
045  000500 Y
046  000500 N
047  000500 Y
048  000500  0.800
048 A010500        0
048 A020500 0.000
048 B010500        0
048 B020500 0.000
048 C010500        0
048 C020500 0.000
048 D010500        0
048 D020500 0.000
048 E010500        0
048 E020500 0.000
048 F010500        0
048 F020500 0.000
048 G010500        0
048 G020500 0.000
048 H010500        0
048 H020500 0.000
048 I010500        0
048 I020500 0.000
048 J010500        0
048 J020500 0.000
<PAGE>      PAGE  26
048 K010500        0
048 K020500 0.000
055 A000500 N
055 B000500 N
056  000500 Y
057  000500 N
058 A000500 N
059  000500 Y
060 A000500 Y
060 B000500 Y
061  000500     1000
062 A000500 N
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
062 I000500   0.0
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
062 M000500   0.0
062 N000500   0.0
062 O000500   0.0
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
063 A000500   0
063 B000500  0.0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 Y
066 E000500 N
066 F000500 N
066 G000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 N
<PAGE>      PAGE  27
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 Y
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500     28779
071 B000500     11285
071 C000500    109521
071 D000500   10
072 A000500 12
072 B000500        0
072 C000500     2443
072 D000500        0
072 E000500        0
072 F000500      953
072 G000500      239
072 H000500        0
072 I000500       41
072 J000500        7
072 K000500        0
072 L000500        8
072 M000500        4
072 N000500        7
072 O000500        0
072 P000500        0
072 Q000500       37
072 R000500        9
072 S000500        9
072 T000500        0
<PAGE>      PAGE  28
072 U000500        0
072 V000500        0
072 W000500        2
072 X000500     1316
072 Y000500       51
072 Z000500     1178
072AA000500     4481
072BB000500        0
072CC010500    34116
072CC020500        0
072DD010500     1196
072DD020500        0
072EE000500     2315
073 A010500   0.2400
073 A020500   0.0000
073 B000500   0.4900
073 C000500   0.0000
074 A000500        0
074 B000500        0
074 C000500        0
074 D000500        0
074 E000500        0
074 F000500   149800
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500        0
074 K000500        0
074 L000500      284
074 M000500        1
074 N000500   150085
074 O000500        0
074 P000500      120
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500      127
074 S000500        0
074 T000500   149838
074 U010500     5307
074 U020500        0
074 V010500    28.23
074 V020500     0.00
074 W000500   0.0000
074 X000500     3436
074 Y000500        0
075 A000500        0
075 B000500   119205
076  000500     0.00
008 A000601 AMSOUTH BANK
<PAGE>      PAGE  29
008 B000601 A
008 C000601 801-000000
008 D010601 BIRMINGHAM
008 D020601 AL
008 D030601 35203
024  000600 Y
025 A000601 BEAR STEARNS
025 C000601 D
025 D000601    3531
025 D000602       0
025 D000603       0
025 D000604       0
025 D000605       0
025 D000606       0
025 D000607       0
025 D000608       0
028 A010600       619
028 A020600        68
028 A030600         0
028 A040600      1634
028 B010600       304
028 B020600        66
028 B030600         0
028 B040600      1502
028 C010600      3291
028 C020600        67
028 C030600         0
028 C040600      5448
028 D010600       661
028 D020600        72
028 D030600         0
028 D040600      1161
028 E010600      4532
028 E020600        62
028 E030600         0
028 E040600      2342
028 F010600    101553
028 F020600        69
028 F030600         0
028 F040600      3354
028 G010600    110960
028 G020600       404
028 G030600         0
028 G040600     15441
028 H000600        34
029  000600 Y
030 A000600      1
030 B000600  4.00
030 C000600  0.00
031 A000600      0
031 B000600      0
<PAGE>      PAGE  30
032  000600      1
033  000600      0
042 A000600   0
042 B000600   0
042 C000600   0
042 D000600   0
042 E000600   0
042 F000600   0
042 G000600   0
042 H000600   0
043  000600      0
044  000600      0
045  000600 Y
046  000600 N
047  000600 Y
048  000600  0.650
048 A010600        0
048 A020600 0.000
048 B010600        0
048 B020600 0.000
048 C010600        0
048 C020600 0.000
048 D010600        0
048 D020600 0.000
048 E010600        0
048 E020600 0.000
048 F010600        0
048 F020600 0.000
048 G010600        0
048 G020600 0.000
048 H010600        0
048 H020600 0.000
048 I010600        0
048 I020600 0.000
048 J010600        0
048 J020600 0.000
048 K010600        0
048 K020600 0.000
055 A000600 N
055 B000600 N
056  000600 Y
057  000600 N
058 A000600 N
059  000600 Y
060 A000600 Y
060 B000600 Y
061  000600     1000
062 A000600 Y
062 B000600   0.0
062 C000600   0.0
062 D000600   0.0
<PAGE>      PAGE  31
062 E000600   0.0
062 F000600   0.0
062 G000600   0.0
062 H000600   0.0
062 I000600   0.0
062 J000600   0.0
062 K000600   0.0
062 L000600   0.0
062 M000600  41.6
062 N000600   1.4
062 O000600   0.0
062 P000600  55.4
062 Q000600   0.0
062 R000600   0.2
063 A000600   0
063 B000600  3.3
064 A000600 N
064 B000600 N
066 A000600 N
067  000600 N
068 A000600 N
068 B000600 N
069  000600 N
070 A010600 Y
070 A020600 N
070 B010600 N
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 Y
070 L010600 Y
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
<PAGE>      PAGE  32
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600     30067
071 B000600     39923
071 C000600     46336
071 D000600   65
072 A000600 12
072 B000600     3147
072 C000600       33
072 D000600        0
072 E000600        0
072 F000600      322
072 G000600       99
072 H000600        0
072 I000600       21
072 J000600        5
072 K000600        0
072 L000600       11
072 M000600        3
072 N000600        3
072 O000600        0
072 P000600        0
072 Q000600       32
072 R000600        8
072 S000600        4
072 T000600        0
072 U000600        0
072 V000600        0
072 W000600        1
072 X000600      509
072 Y000600      126
072 Z000600     2797
072AA000600        0
072BB000600      639
072CC010600     2509
072CC020600        0
072DD010600     2942
072DD020600        0
072EE000600        0
073 A010600   0.6100
073 A020600   0.0000
073 B000600   0.0000
073 C000600   0.0000
074 A000600        0
074 B000600        0
<PAGE>      PAGE  33
074 C000600        0
074 D000600   136699
074 E000600        0
074 F000600        0
074 G000600        0
074 H000600        0
074 I000600        0
074 J000600        0
074 K000600        0
074 L000600     2737
074 M000600        0
074 N000600   139436
074 O000600        0
074 P000600       72
074 Q000600        0
074 R010600        0
074 R020600        0
074 R030600        0
074 R040600      689
074 S000600        0
074 T000600   138675
074 U010600    13302
074 U020600        0
074 V010600    10.42
074 V020600     0.00
074 W000600   0.0000
074 X000600      129
074 Y000600        0
075 A000600        0
075 B000600    49480
076  000600     0.00
008 A000701 AMSOUTH BANK
008 B000701 A
008 C000701 801-000000
008 D010701 BIRMINGHAM
008 D020701 AL
008 D030701 35203
024  000700 Y
025 A000701 FEDERATED
025 C000701 E
025 D000701    1948
025 D000702       0
025 D000703       0
025 D000704       0
025 D000705       0
025 D000706       0
025 D000707       0
025 D000708       0
028 A010700      8612
028 A020700        43
028 A030700         0
<PAGE>      PAGE  34
028 A040700     15130
028 B010700     26715
028 B020700        43
028 B030700         0
028 B040700      8319
028 C010700     15292
028 C020700        51
028 C030700         0
028 C040700     23289
028 D010700     26063
028 D020700        58
028 D030700         0
028 D040700     28642
028 E010700     16160
028 E020700        54
028 E030700         0
028 E040700     10095
028 F010700     13605
028 F020700        67
028 F030700         0
028 F040700     21295
028 G010700    106447
028 G020700       316
028 G030700         0
028 G040700    106770
028 H000700         0
029  000700 N
030 A000700      0
030 B000700  0.00
030 C000700  0.00
031 A000700      0
031 B000700      0
032  000700      0
033  000700      0
042 A000700   0
042 B000700   0
042 C000700   0
042 D000700   0
042 E000700   0
042 F000700   0
042 G000700   0
042 H000700   0
043  000700      0
044  000700      0
045  000700 Y
046  000700 N
047  000700 Y
048  000700  0.400
048 A010700        0
048 A020700 0.000
048 B010700        0
<PAGE>      PAGE  35
048 B020700 0.000
048 C010700        0
048 C020700 0.000
048 D010700        0
048 D020700 0.000
048 E010700        0
048 E020700 0.000
048 F010700        0
048 F020700 0.000
048 G010700        0
048 G020700 0.000
048 H010700        0
048 H020700 0.000
048 I010700        0
048 I020700 0.000
048 J010700        0
048 J020700 0.000
048 K010700        0
048 K020700 0.000
055 A000700 N
055 B000700 N
056  000700 Y
057  000700 N
058 A000700 N
059  000700 Y
060 A000700 Y
060 B000700 Y
061  000700     1000
062 A000700 Y
062 B000700   0.0
062 C000700   0.0
062 D000700   0.0
062 E000700  93.6
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   5.9
063 A000700  63
063 B000700  0.0
064 A000700 Y
064 B000700 N
066 A000700 N
<PAGE>      PAGE  36
067  000700 N
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
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 Y
070 L010700 N
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700         0
071 B000700         0
071 C000700         0
071 D000700    0
072 A000700 12
072 B000700     2910
072 C000700        0
072 D000700        0
072 E000700        0
072 F000700      322
072 G000700      161
<PAGE>      PAGE  37
072 H000700        0
072 I000700       27
072 J000700        2
072 K000700        0
072 L000700        8
072 M000700        3
072 N000700        2
072 O000700        0
072 P000700        0
072 Q000700       43
072 R000700        5
072 S000700        6
072 T000700        0
072 U000700        0
072 V000700        0
072 W000700       51
072 X000700      630
072 Y000700      194
072 Z000700     2474
072AA000700        0
072BB000700        2
072CC010700        0
072CC020700        0
072DD010700      605
072DD020700     1869
072EE000700        0
073 A010700   0.0300
073 A020700   0.0310
073 B000700   0.0000
073 C000700   0.0000
074 A000700        0
074 B000700        0
074 C000700    82905
074 D000700        0
074 E000700        0
074 F000700        0
074 G000700        0
074 H000700        0
074 I000700        0
074 J000700        0
074 K000700        0
074 L000700      710
074 M000700        1
074 N000700    83616
074 O000700        0
074 P000700       28
074 Q000700        0
074 R010700        0
074 R020700        0
074 R030700        0
074 R040700      233
<PAGE>      PAGE  38
074 S000700        0
074 T000700    83355
074 U010700    27927
074 U020700    55430
074 V010700     1.00
074 V020700     1.00
074 W000700   1.0001
074 X000700       20
074 Y000700        0
075 A000700    80392
075 B000700        0
076  000700     0.00
008 A000801 AMSOUTH BANK
008 B000801 A
008 C000801 801-000000
008 D010801 BIRMINGHAM
008 D020801 AL
008 D030801 35203
024  000800 Y
025 A000801 BANKAMERICA CORP.
025 C000801 D
025 D000801    1026
025 A000802 BEAR STEARNS & CO., INC.
025 C000802 D
025 D000802    3004
025 A000803 MERRILL LYNCH & CO., INC.
025 C000803 D
025 D000803    1985
025 A000804 MORGAN STANELY GROUP, INC.
025 C000804 D
025 D000804    3166
025 D000805       0
025 D000806       0
025 D000807       0
025 D000808       0
028 A010800      3569
028 A020800       835
028 A030800         0
028 A040800      7394
028 B010800      5797
028 B020800       716
028 B030800         0
028 B040800      6103
028 C010800      5627
028 C020800       719
028 C030800         0
028 C040800     10182
028 D010800      9437
028 D020800       713
028 D030800         0
028 D040800      7621
<PAGE>      PAGE  39
028 E010800      3914
028 E020800       847
028 E030800         0
028 E040800     24109
028 F010800      6439
028 F020800       671
028 F030800         0
028 F040800     12631
028 G010800     34783
028 G020800      4501
028 G030800         0
028 G040800     68040
028 H000800      2145
029  000800 Y
030 A000800     76
030 B000800  4.50
030 C000800  0.00
031 A000800      0
031 B000800      0
032  000800     76
033  000800      0
042 A000800   0
042 B000800   0
042 C000800   0
042 D000800   0
042 E000800   0
042 F000800   0
042 G000800   0
042 H000800   0
043  000800      0
044  000800      0
045  000800 Y
046  000800 N
047  000800 Y
048  000800  0.800
048 A010800        0
048 A020800 0.000
048 B010800        0
048 B020800 0.000
048 C010800        0
048 C020800 0.000
048 D010800        0
048 D020800 0.000
048 E010800        0
048 E020800 0.000
048 F010800        0
048 F020800 0.000
048 G010800        0
048 G020800 0.000
048 H010800        0
048 H020800 0.000
<PAGE>      PAGE  40
048 I010800        0
048 I020800 0.000
048 J010800        0
048 J020800 0.000
048 K010800        0
048 K020800 0.000
055 A000800 N
055 B000800 N
056  000800 Y
057  000800 N
058 A000800 N
059  000800 Y
060 A000800 Y
060 B000800 Y
061  000800     1000
062 A000800 N
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   0.0
062 P000800   0.0
062 Q000800   0.0
062 R000800   0.0
063 A000800   0
063 B000800  0.0
066 A000800 Y
066 B000800 N
066 C000800 N
066 D000800 N
066 E000800 Y
066 F000800 N
066 G000800 N
067  000800 Y
068 A000800 N
068 B000800 N
069  000800 N
070 A010800 Y
070 A020800 N
070 B010800 Y
070 B020800 N
070 C010800 Y
<PAGE>      PAGE  41
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
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 Y
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800     86424
071 B000800    118996
071 C000800    345698
071 D000800   25
072 A000800 12
072 B000800    11321
072 C000800     4868
072 D000800        0
072 E000800        0
072 F000800     2855
072 G000800      714
072 H000800        0
072 I000800       75
072 J000800       20
072 K000800        0
072 L000800       29
072 M000800       14
072 N000800       17
072 O000800        0
072 P000800        0
<PAGE>      PAGE  42
072 Q000800      118
072 R000800       23
072 S000800       30
072 T000800        0
072 U000800        0
072 V000800        0
072 W000800        7
072 X000800     3902
072 Y000800      165
072 Z000800    12452
072AA000800    16168
072BB000800        0
072CC010800    55439
072CC020800        0
072DD010800    13031
072DD020800        0
072EE000800    15072
073 A010800   0.5000
073 A020800   0.0000
073 B000800   0.5800
073 C000800   0.0000
074 A000800        1
074 B000800        0
074 C000800        0
074 D000800   161282
074 E000800        0
074 F000800   209247
074 G000800        0
074 H000800        0
074 I000800        0
074 J000800        0
074 K000800        0
074 L000800     3498
074 M000800        3
074 N000800   374031
074 O000800        0
074 P000800      289
074 Q000800        0
074 R010800        0
074 R020800        0
074 R030800        0
074 R040800      973
074 S000800        0
074 T000800   372769
074 U010800    24504
074 U020800        0
074 V010800    15.21
074 V020800     0.00
074 W000800   0.0000
074 X000800     2626
074 Y000800        0
<PAGE>      PAGE  43
075 A000800        0
075 B000800   357172
076  000800     0.00
008 A000901 AMSOUTH BANK
008 B000901 A
008 C000901 801-000000
008 D010901 BIRMINGHAM
008 D020901 AL
008 D030901 35203
024  000900 N
025 D000901       0
025 D000902       0
025 D000903       0
025 D000904       0
025 D000905       0
025 D000906       0
025 D000907       0
025 D000908       0
028 A010900       140
028 A020900        39
028 A030900         0
028 A040900       476
028 B010900       114
028 B020900        42
028 B030900         0
028 B040900      1002
028 C010900         3
028 C020900        29
028 C030900         0
028 C040900       395
028 D010900         1
028 D020900        35
028 D030900         0
028 D040900       371
028 E010900       135
028 E020900        38
028 E030900         0
028 E040900       209
028 F010900        14
028 F020900        37
028 F030900         0
028 F040900       493
028 G010900       407
028 G020900       220
028 G030900         0
028 G040900      2946
028 H000900       342
029  000900 Y
030 A000900     12
030 B000900  4.00
030 C000900  0.00
<PAGE>      PAGE  44
031 A000900      0
031 B000900      0
032  000900     12
033  000900      0
042 A000900   0
042 B000900   0
042 C000900   0
042 D000900   0
042 E000900   0
042 F000900   0
042 G000900   0
042 H000900   0
043  000900      0
044  000900      0
045  000900 Y
046  000900 N
047  000900 Y
048  000900  0.650
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
058 A000900 N
059  000900 Y
060 A000900 Y
060 B000900 Y
061  000900     1000
062 A000900 Y
062 B000900   0.0
<PAGE>      PAGE  45
062 C000900   0.0
062 D000900   0.0
062 E000900   0.0
062 F000900   0.0
062 G000900   0.0
062 H000900   0.0
062 I000900   0.0
062 J000900   0.0
062 K000900   0.0
062 L000900   0.0
062 M000900  19.8
062 N000900  78.8
062 O000900   0.0
062 P000900   0.0
062 Q000900   0.0
062 R000900   1.4
063 A000900   0
063 B000900 23.6
064 A000900 N
064 B000900 N
066 A000900 N
067  000900 N
068 A000900 N
068 B000900 N
069  000900 N
070 A010900 Y
070 A020900 N
070 B010900 N
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 Y
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 Y
070 L010900 Y
070 L020900 N
070 M010900 N
070 M020900 N
<PAGE>      PAGE  46
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900       402
071 B000900      4839
071 C000900     13580
071 D000900    3
072 A000900 12
072 B000900      913
072 C000900       11
072 D000900        0
072 E000900        0
072 F000900       90
072 G000900       28
072 H000900        0
072 I000900       14
072 J000900        1
072 K000900        0
072 L000900        3
072 M000900        1
072 N000900        1
072 O000900        0
072 P000900        0
072 Q000900       36
072 R000900        4
072 S000900        1
072 T000900        0
072 U000900        0
072 V000900        0
072 W000900        0
072 X000900      179
072 Y000900       84
072 Z000900      829
072AA000900       41
072BB000900        0
072CC010900      483
072CC020900        0
072DD010900      829
072DD020900        0
072EE000900        0
073 A010900   0.5800
073 A020900   0.0000
073 B000900   0.0000
073 C000900   0.0000
<PAGE>      PAGE  47
074 A000900        0
074 B000900        0
074 C000900        0
074 D000900    11622
074 E000900        0
074 F000900        0
074 G000900        0
074 H000900        0
074 I000900        0
074 J000900        0
074 K000900        0
074 L000900       94
074 M000900        0
074 N000900    11716
074 O000900        0
074 P000900        7
074 Q000900        0
074 R010900        0
074 R020900        0
074 R030900        0
074 R040900       87
074 S000900        0
074 T000900    11622
074 U010900     1192
074 U020900        0
074 V010900     9.75
074 V020900     0.00
074 W000900   0.0000
074 X000900      434
074 Y000900        0
075 A000900        0
075 B000900    13872
076  000900     0.00
008 A001001 AMSOUTH BANK
008 B001001 A
008 C001001 801-000000
008 D011001 BIRMINGHAM
008 D021001 AL
008 D031001 35203
024  001000 N
025 D001001       0
025 D001002       0
025 D001003       0
025 D001004       0
025 D001005       0
025 D001006       0
025 D001007       0
025 D001008       0
028 A011000       668
028 A021000        19
028 A031000         0
<PAGE>      PAGE  48
028 A041000       202
028 B011000      1400
028 B021000        17
028 B031000         0
028 B041000      1904
028 C011000       620
028 C021000        20
028 C031000         0
028 C041000      2112
028 D011000      1826
028 D021000        22
028 D031000         0
028 D041000       315
028 E011000      1436
028 E021000        19
028 E031000         0
028 E041000       722
028 F011000       247
028 F021000        18
028 F031000         0
028 F041000      1161
028 G011000      6197
028 G021000       115
028 G031000         0
028 G041000      6416
028 H001000       364
029  001000 Y
030 A001000      5
030 B001000  4.00
030 C001000  0.00
031 A001000      0
031 B001000      0
032  001000      5
033  001000      0
042 A001000   0
042 B001000   0
042 C001000   0
042 D001000   0
042 E001000   0
042 F001000   0
042 G001000   0
042 H001000   0
043  001000      0
044  001000      0
045  001000 Y
046  001000 N
047  001000 Y
048  001000  0.650
048 A011000        0
048 A021000 0.000
048 B011000        0
<PAGE>      PAGE  49
048 B021000 0.000
048 C011000        0
048 C021000 0.000
048 D011000        0
048 D021000 0.000
048 E011000        0
048 E021000 0.000
048 F011000        0
048 F021000 0.000
048 G011000        0
048 G021000 0.000
048 H011000        0
048 H021000 0.000
048 I011000        0
048 I021000 0.000
048 J011000        0
048 J021000 0.000
048 K011000        0
048 K021000 0.000
055 A001000 N
055 B001000 N
056  001000 Y
057  001000 N
058 A001000 N
059  001000 Y
060 A001000 N
060 B001000 N
061  001000     1000
062 A001000 Y
062 B001000   0.0
062 C001000   0.0
062 D001000   0.0
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   0.0
062 M001000   0.0
062 N001000   0.0
062 O001000  97.7
062 P001000   0.0
062 Q001000   0.0
062 R001000   1.4
063 A001000   0
063 B001000  5.5
064 A001000 Y
064 B001000 N
066 A001000 N
<PAGE>      PAGE  50
067  001000 N
068 A001000 N
068 B001000 N
069  001000 N
070 A011000 Y
070 A021000 N
070 B011000 N
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
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
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000     17779
071 B001000     11832
071 C001000     49191
071 D001000   24
072 A001000 12
072 B001000     2495
072 C001000       82
072 D001000        0
072 E001000        0
072 F001000      340
072 G001000      104
<PAGE>      PAGE  51
072 H001000        0
072 I001000       24
072 J001000        4
072 K001000        0
072 L001000        8
072 M001000        2
072 N001000       17
072 O001000        0
072 P001000        0
072 Q001000       47
072 R001000        4
072 S001000        4
072 T001000        0
072 U001000        0
072 V001000        0
072 W001000        1
072 X001000      555
072 Y001000      256
072 Z001000     2278
072AA001000      135
072BB001000        0
072CC011000     1102
072CC021000        0
072DD011000     2402
072DD021000        0
072EE001000       74
073 A011000   0.4800
073 A021000   0.0000
073 B001000   0.0100
073 C001000   0.0000
074 A001000        0
074 B001000        0
074 C001000        0
074 D001000    53231
074 E001000        0
074 F001000        0
074 G001000        0
074 H001000        0
074 I001000        0
074 J001000        0
074 K001000        0
074 L001000      703
074 M001000        1
074 N001000    53935
074 O001000        0
074 P001000       23
074 Q001000        0
074 R011000        0
074 R021000        0
074 R031000        0
074 R041000      224
<PAGE>      PAGE  52
074 S001000        0
074 T001000    53688
074 U011000     5112
074 U021000        0
074 V011000    10.50
074 V021000     0.00
074 W001000   0.0000
074 X001000       53
074 Y001000        0
075 A001000        0
075 B001000    52277
076  001000     0.00
062 A001100 N
062 B001100   0.0
062 C001100   0.0
062 D001100   0.0
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   0.0
062 M001100   0.0
062 N001100   0.0
062 O001100   0.0
062 P001100   0.0
062 Q001100   0.0
062 R001100   0.0
071 A001100         0
071 B001100         0
071 C001100         0
071 D001100    0
072 A001100  6
072 B001100        0
072 C001100        0
072 D001100        0
072 E001100        0
072 F001100        0
072 G001100        0
072 H001100        0
072 I001100        0
072 J001100        0
072 K001100        0
072 L001100        0
072 M001100        0
072 N001100        0
072 O001100        0
072 P001100        0
072 Q001100        0
<PAGE>      PAGE  53
072 R001100        0
072 S001100        0
072 T001100        0
072 U001100        0
072 V001100        0
072 W001100        0
072 X001100        0
072 Y001100        0
072 Z001100        0
072AA001100        0
072BB001100        0
072CC011100        0
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        0
074 B001100        0
074 C001100        0
074 D001100        0
074 E001100        0
074 F001100        0
074 G001100        0
074 H001100        0
074 I001100        0
074 J001100        0
074 K001100        0
074 L001100        0
074 M001100        0
074 N001100        0
074 O001100        0
074 P001100        0
074 Q001100        0
074 R011100        0
074 R021100        0
074 R031100        0
074 R041100        0
074 S001100        0
074 T001100        0
074 U011100        0
074 U021100        0
074 V011100     0.00
074 V021100     0.00
074 W001100   0.0000
074 X001100        0
074 Y001100        0
008 A001201 AMSOUTH BANK
<PAGE>      PAGE  54
008 B001201 A
008 C001201 801-000000
008 D011201 BIRMINGHAM
008 D021201 AL
008 D031201 35203
024  001200 Y
025 A001201 FEDERATED
025 C001201 E
025 D001201    2812
025 D001202       0
025 D001203       0
025 D001204       0
025 D001205       0
025 D001206       0
025 D001207       0
025 D001208       0
028 A011200         0
028 A021200         0
028 A031200         0
028 A041200         0
028 B011200         0
028 B021200         0
028 B031200         0
028 B041200         0
028 C011200         0
028 C021200         0
028 C031200         0
028 C041200         0
028 D011200         0
028 D021200         0
028 D031200         0
028 D041200         0
028 E011200         0
028 E021200         0
028 E031200         0
028 E041200         0
028 F011200    342930
028 F021200         0
028 F031200         0
028 F041200     10165
028 G011200    342930
028 G021200         0
028 G031200         0
028 G041200     10165
028 H001200         0
029  001200 Y
030 A001200      0
030 B001200  4.00
030 C001200  0.00
031 A001200      0
031 B001200      0
<PAGE>      PAGE  55
032  001200      0
033  001200      0
042 A001200   0
042 B001200   0
042 C001200   0
042 D001200   0
042 E001200   0
042 F001200   0
042 G001200   0
042 H001200   0
043  001200      0
044  001200      0
045  001200 Y
046  001200 N
047  001200 Y
048  001200  0.650
048 A011200        0
048 A021200 0.000
048 B011200        0
048 B021200 0.000
048 C011200        0
048 C021200 0.000
048 D011200        0
048 D021200 0.000
048 E011200        0
048 E021200 0.000
048 F011200        0
048 F021200 0.000
048 G011200        0
048 G021200 0.000
048 H011200        0
048 H021200 0.000
048 I011200        0
048 I021200 0.000
048 J011200        0
048 J021200 0.000
048 K011200        0
048 K021200 0.000
055 A001200 N
055 B001200 N
056  001200 Y
057  001200 N
058 A001200 N
059  001200 Y
060 A001200 Y
060 B001200 Y
061  001200     1000
062 A001200 Y
062 B001200   0.0
062 C001200   0.0
062 D001200   0.0
<PAGE>      PAGE  56
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   0.0
062 M001200   0.0
062 N001200   0.0
062 O001200  95.5
062 P001200   0.0
062 Q001200   0.0
062 R001200   3.3
063 A001200   0
063 B001200  5.7
064 A001200 Y
064 B001200 N
066 A001200 N
067  001200 N
068 A001200 N
068 B001200 N
069  001200 N
070 A011200 Y
070 A021200 N
070 B011200 N
070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 N
070 J021200 N
070 K011200 Y
070 K021200 Y
070 L011200 N
070 L021200 N
070 M011200 N
070 M021200 N
070 N011200 Y
070 N021200 N
<PAGE>      PAGE  57
070 O011200 Y
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200       955
071 B001200     10467
071 C001200    304741
071 D001200    0
072 A001200  1
072 B001200     1365
072 C001200       28
072 D001200        0
072 E001200        0
072 F001200      181
072 G001200       55
072 H001200        0
072 I001200        3
072 J001200        1
072 K001200        0
072 L001200       14
072 M001200        4
072 N001200        5
072 O001200        0
072 P001200        0
072 Q001200        9
072 R001200       16
072 S001200        1
072 T001200        0
072 U001200        0
072 V001200        0
072 W001200        0
072 X001200      289
072 Y001200       92
072 Z001200     1196
072AA001200       21
072BB001200        0
072CC011200     5152
072CC021200        0
072DD011200     1201
072DD021200        0
072EE001200        0
073 A011200   0.0400
073 A021200   0.0000
073 B001200   0.0000
073 C001200   0.0000
074 A001200        0
074 B001200        0
<PAGE>      PAGE  58
074 C001200        0
074 D001200   333904
074 E001200        0
074 F001200        0
074 G001200        0
074 H001200        0
074 I001200        0
074 J001200        0
074 K001200        0
074 L001200     5381
074 M001200       21
074 N001200   339306
074 O001200        0
074 P001200      124
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200        0
074 R041200     1249
074 S001200        0
074 T001200   337933
074 U011200    33279
074 U021200        0
074 V011200    10.15
074 V021200     0.00
074 W001200   0.0000
074 X001200        4
074 Y001200        0
075 A001200        0
075 B001200   327090
076  001200     0.00
008 A001301 AMSOUTH BANK
008 B001301 A
008 C001301 801-000000
008 D011301 BIRMINGHAM
008 D021301 AL
008 D031301 35203
008 A001302 ROCKHAVEN ASSET MANAGEMENT
008 B001302 S
008 C001302 801-000000
008 D011302 PITTSBURGH
008 D021302 PA
008 D031302 15222
024  001300 N
028 A011300         0
028 A021300         0
028 A031300         0
028 A041300         0
028 B011300      4092
028 B021300         0
028 B031300         0
<PAGE>      PAGE  59
028 B041300         0
028 C011300      3340
028 C021300         0
028 C031300         0
028 C041300        16
028 D011300      6379
028 D021300         9
028 D031300         0
028 D041300        37
028 E011300      3165
028 E021300        13
028 E031300         0
028 E041300       198
028 F011300      3147
028 F021300        15
028 F031300         0
028 F041300        41
028 G011300     20123
028 G021300        37
028 G031300         0
028 G041300       292
028 H001300      7036
029  001300 Y
030 A001300    258
030 B001300  4.50
030 C001300  0.00
031 A001300      0
031 B001300      0
032  001300    258
033  001300      0
042 A001300   0
042 B001300   0
042 C001300   0
042 D001300   0
042 E001300   0
042 F001300   0
042 G001300   0
042 H001300   0
043  001300      0
044  001300      0
045  001300 Y
046  001300 Y
047  001300 Y
048  001300  0.800
048 A011300        0
048 A021300 0.000
048 B011300        0
048 B021300 0.000
048 C011300        0
048 C021300 0.000
048 D011300        0
<PAGE>      PAGE  60
048 D021300 0.000
048 E011300        0
048 E021300 0.000
048 F011300        0
048 F021300 0.000
048 G011300        0
048 G021300 0.000
048 H011300        0
048 H021300 0.000
048 I011300        0
048 I021300 0.000
048 J011300        0
048 J021300 0.000
048 K011300        0
048 K021300 0.000
055 A001300 N
055 B001300 N
056  001300 Y
057  001300 N
058 A001300 N
059  001300 Y
060 A001300 Y
060 B001300 Y
061  001300     1000
062 A001300 N
062 B001300   0.0
062 C001300   0.0
062 D001300   0.0
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   0.0
062 M001300   0.0
062 N001300   0.0
062 O001300   0.0
062 P001300   0.0
062 Q001300   0.0
062 R001300   0.0
063 A001300   0
063 B001300  0.0
066 A001300 Y
066 B001300 N
066 C001300 Y
066 D001300 N
066 E001300 N
066 F001300 N
066 G001300 N
<PAGE>      PAGE  61
067  001300 N
068 A001300 N
068 B001300 N
069  001300 N
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 N
070 E021300 N
070 F011300 N
070 F021300 N
070 G011300 N
070 G021300 N
070 H011300 N
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 Y
070 K011300 Y
070 K021300 Y
070 L011300 Y
070 L021300 N
070 M011300 N
070 M021300 N
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 N
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300     22751
071 B001300      3493
071 C001300     12758
071 D001300   27
072 A001300  5
072 B001300       59
072 C001300       96
072 D001300        0
072 E001300        0
072 F001300       36
072 G001300        9
<PAGE>      PAGE  62
072 H001300        0
072 I001300        2
072 J001300        2
072 K001300        0
072 L001300        0
072 M001300        0
072 N001300        1
072 O001300        0
072 P001300        0
072 Q001300       13
072 R001300        1
072 S001300        4
072 T001300        0
072 U001300        1
072 V001300        0
072 W001300        0
072 X001300       69
072 Y001300       10
072 Z001300       96
072AA001300      248
072BB001300        0
072CC011300     2142
072CC021300        0
072DD011300       81
072DD021300        0
072EE001300        0
073 A011300   0.0600
073 A021300   0.0000
073 B001300   0.0000
073 C001300   0.0000
074 A001300        0
074 B001300        0
074 C001300        0
074 D001300     2247
074 E001300     4658
074 F001300    15459
074 G001300        0
074 H001300        0
074 I001300        0
074 J001300        0
074 K001300        0
074 L001300      168
074 M001300       20
074 N001300    22552
074 O001300      223
074 P001300       17
074 Q001300        0
074 R011300        0
074 R021300        0
074 R031300        0
074 R041300       39
<PAGE>      PAGE  63
074 S001300        0
074 T001300    22273
074 U011300     1900
074 U021300        0
074 V011300    11.72
074 V021300     0.00
074 W001300   0.0000
074 X001300      845
074 Y001300        0
075 A001300        0
075 B001300    12302
076  001300     0.00
SIGNATURE   TOM LINE                                     
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832544
<NAME> AMSOUTH MUTUAL FUNDS
<SERIES>
   <NUMBER> 011
   <NAME> AMSOUTH MUTUAL FUNDS PRIME OBLIGATIONS FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-START>                             AUG-01-1996
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                           528948
<INVESTMENTS-AT-VALUE>                          528948
<RECEIVABLES>                                     1628
<ASSETS-OTHER>                                       2
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  530578
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         2585
<TOTAL-LIABILITIES>                               2585
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        528002
<SHARES-COMMON-STOCK>                           111033<F1>
<SHARES-COMMON-PRIOR>                           125081<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             9
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    527993
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                32939
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    4141
<NET-INVESTMENT-INCOME>                          28798
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                            28798
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         5860<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                         568041<F1>
<NUMBER-OF-SHARES-REDEEMED>                     587948<F1>
<SHARES-REINVESTED>                               5860<F1>
<NET-CHANGE-IN-ASSETS>                         (75624)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           9
<GROSS-ADVISORY-FEES>                             2367
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   4324
<AVERAGE-NET-ASSETS>                            122322<F1>
<PER-SHARE-NAV-BEGIN>                            1.000<F1>
<PER-SHARE-NII>                                  0.048<F1>
<PER-SHARE-GAIN-APPREC>                          0.000<F1>
<PER-SHARE-DIVIDEND>                             0.048<F1>
<PER-SHARE-DISTRIBUTIONS>                        0.000<F1>
<RETURNS-OF-CAPITAL>                             0.000<F1>
<PER-SHARE-NAV-END>                              1.000<F1>
<EXPENSE-RATIO>                                   0.78<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Classic Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832544
<NAME> AMSOUTH MUTUAL FUNDS
<SERIES>
   <NUMBER> 012
   <NAME> AMSOUTH MUTUAL FUNDS PRIME OBLIGATIONS FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-START>                             AUG-01-1996
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                           528948
<INVESTMENTS-AT-VALUE>                          528948
<RECEIVABLES>                                     1628
<ASSETS-OTHER>                                       2
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  530578
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         2585
<TOTAL-LIABILITIES>                               2585
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        528002
<SHARES-COMMON-STOCK>                           416983<F1>
<SHARES-COMMON-PRIOR>                           478560<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             9
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    527993
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                32939
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    4141
<NET-INVESTMENT-INCOME>                          28798
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                            28798
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        22938<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                        1050377<F1>
<NUMBER-OF-SHARES-REDEEMED>                    1113472<F1>
<SHARES-REINVESTED>                               1518<F1>
<NET-CHANGE-IN-ASSETS>                         (75624)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           9
<GROSS-ADVISORY-FEES>                             2367
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   4324
<AVERAGE-NET-ASSETS>                            469332<F1>
<PER-SHARE-NAV-BEGIN>                            1.000<F1>
<PER-SHARE-NII>                                  0.049<F1>
<PER-SHARE-GAIN-APPREC>                          0.000<F1>
<PER-SHARE-DIVIDEND>                             0.049<F1>
<PER-SHARE-DISTRIBUTIONS>                        0.000<F1>
<RETURNS-OF-CAPITAL>                             0.000<F1>
<PER-SHARE-NAV-END>                              1.000<F1>
<EXPENSE-RATIO>                                   0.68<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Premier Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832544
<NAME> AMSOUTH MUTUAL FUNDS
<SERIES>
   <NUMBER> 101
   <NAME> AMSOUTH MUTUAL FUNDS FLORIDA TAX FREE FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-START>                             AUG-01-1996
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                            50949
<INVESTMENTS-AT-VALUE>                           53231
<RECEIVABLES>                                      703
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   53935
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          247
<TOTAL-LIABILITIES>                                247
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         51281
<SHARES-COMMON-STOCK>                             5112
<SHARES-COMMON-PRIOR>                             4745
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               6
<ACCUMULATED-NET-GAINS>                            131
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          2282
<NET-ASSETS>                                     53688
<DIVIDEND-INCOME>                                   82
<INTEREST-INCOME>                                 2495
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     299
<NET-INVESTMENT-INCOME>                           2278
<REALIZED-GAINS-CURRENT>                           135
<APPREC-INCREASE-CURRENT>                         1102
<NET-CHANGE-FROM-OPS>                             3515
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         2402
<DISTRIBUTIONS-OF-GAINS>                            74
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           1240
<NUMBER-OF-SHARES-REDEEMED>                        894
<SHARES-REINVESTED>                                 21
<NET-CHANGE-IN-ASSETS>                            4819
<ACCUMULATED-NII-PRIOR>                            124
<ACCUMULATED-GAINS-PRIOR>                           70
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              340
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    555
<AVERAGE-NET-ASSETS>                             52277
<PER-SHARE-NAV-BEGIN>                            10.30
<PER-SHARE-NII>                                   0.45
<PER-SHARE-GAIN-APPREC>                           0.24
<PER-SHARE-DIVIDEND>                              0.48
<PER-SHARE-DISTRIBUTIONS>                         0.01
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.50
<EXPENSE-RATIO>                                   0.57
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832544
<NAME> AMSOUTH MUTUAL FUNDS
<SERIES>
   <NUMBER> 121
   <NAME> AMSOUTH MUTUAL FUNDS MUNICIPAL BOND FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-START>                             JUL-01-1997
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                           320443
<INVESTMENTS-AT-VALUE>                          333904
<RECEIVABLES>                                     5381
<ASSETS-OTHER>                                      21
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  339306
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1373
<TOTAL-LIABILITIES>                               1373
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        324456
<SHARES-COMMON-STOCK>                            33279
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               5
<ACCUMULATED-NET-GAINS>                             21
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         13461
<NET-ASSETS>                                    337933
<DIVIDEND-INCOME>                                   28
<INTEREST-INCOME>                                 1365
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     197
<NET-INVESTMENT-INCOME>                           1196
<REALIZED-GAINS-CURRENT>                            21
<APPREC-INCREASE-CURRENT>                         5152
<NET-CHANGE-FROM-OPS>                             6369
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1201
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          34283
<NUMBER-OF-SHARES-REDEEMED>                       1004
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          337933
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              181
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    289
<AVERAGE-NET-ASSETS>                            327090
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                           0.15
<PER-SHARE-DIVIDEND>                              0.04
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.15
<EXPENSE-RATIO>                                   0.71
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832544
<NAME> AMSOUTH MUTUAL FUNDS
<SERIES>
   <NUMBER> 131
   <NAME> AMSOUTH MUTUAL FUNDS EQUITY INCOME FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-START>                             MAR-20-1997
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                            20222
<INVESTMENTS-AT-VALUE>                           22364
<RECEIVABLES>                                      168
<ASSETS-OTHER>                                      20
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   22552
<PAYABLE-FOR-SECURITIES>                           223
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           56
<TOTAL-LIABILITIES>                                279
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         19868
<SHARES-COMMON-STOCK>                             1900
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                           15
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            248
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          2142
<NET-ASSETS>                                     22273
<DIVIDEND-INCOME>                                   96
<INTEREST-INCOME>                                   59
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      59
<NET-INVESTMENT-INCOME>                             96
<REALIZED-GAINS-CURRENT>                           248
<APPREC-INCREASE-CURRENT>                         2142
<NET-CHANGE-FROM-OPS>                             2486
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           81
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           1923
<NUMBER-OF-SHARES-REDEEMED>                         27
<SHARES-REINVESTED>                                  4
<NET-CHANGE-IN-ASSETS>                           22273
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               36
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     69
<AVERAGE-NET-ASSETS>                             12302
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.07
<PER-SHARE-GAIN-APPREC>                           1.71
<PER-SHARE-DIVIDEND>                              0.06
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              11.72
<EXPENSE-RATIO>                                   1.30
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832544
<NAME> AMSOUTH MUTUAL FUNDS
<SERIES>
   <NUMBER> 021
   <NAME> AMSOUTH MUTUAL FUNDS U.S. TREASURY FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-START>                             AUG-01-1996
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                           319376
<INVESTMENTS-AT-VALUE>                          319376
<RECEIVABLES>                                     1199
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  320575
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1329
<TOTAL-LIABILITIES>                               1329
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        319245
<SHARES-COMMON-STOCK>                             9885<F1>
<SHARES-COMMON-PRIOR>                            12263<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              1
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    319246
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                17539
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2302
<NET-INVESTMENT-INCOME>                          15237
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                            15237
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          497<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                          24470<F1>
<NUMBER-OF-SHARES-REDEEMED>                      27354<F1>
<SHARES-REINVESTED>                                507<F1>
<NET-CHANGE-IN-ASSETS>                         (61179)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            1
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1325
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   2319
<AVERAGE-NET-ASSETS>                             11036<F1>
<PER-SHARE-NAV-BEGIN>                            1.000<F1>
<PER-SHARE-NII>                                  0.045<F1>
<PER-SHARE-GAIN-APPREC>                          0.000<F1>
<PER-SHARE-DIVIDEND>                             0.045<F1>
<PER-SHARE-DISTRIBUTIONS>                        0.000<F1>
<RETURNS-OF-CAPITAL>                             0.000<F1>
<PER-SHARE-NAV-END>                              1.000<F1>
<EXPENSE-RATIO>                                   0.79<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Classic Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832544
<NAME> AMSOUTH MUTUAL FUNDS
<SERIES>
   <NUMBER> 022
   <NAME> AMSOUTH MUTUAL FUNDS U.S. TREASURY FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-START>                             AUG-01-1996
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                           319376
<INVESTMENTS-AT-VALUE>                          319376
<RECEIVABLES>                                     1199
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  320575
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1329
<TOTAL-LIABILITIES>                               1329
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        319245
<SHARES-COMMON-STOCK>                           309359<F1>
<SHARES-COMMON-PRIOR>                           368162<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              1
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    319246
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                17539
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2302
<NET-INVESTMENT-INCOME>                          15237
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                            15237
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        14740<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                         837301<F1>
<NUMBER-OF-SHARES-REDEEMED>                     896472<F1>
<SHARES-REINVESTED>                                369<F1>
<NET-CHANGE-IN-ASSETS>                         (61179)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            1
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1325
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   2319
<AVERAGE-NET-ASSETS>                            320247<F1>
<PER-SHARE-NAV-BEGIN>                            1.000<F1>
<PER-SHARE-NII>                                  0.046<F1>
<PER-SHARE-GAIN-APPREC>                          0.000<F1>
<PER-SHARE-DIVIDEND>                             0.046<F1>
<PER-SHARE-DISTRIBUTIONS>                        0.000<F1>
<RETURNS-OF-CAPITAL>                             0.000<F1>
<PER-SHARE-NAV-END>                              1.000<F1>
<EXPENSE-RATIO>                                   0.69<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Premier Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832544
<NAME> AMSOUTH MUTUAL FUNDS
<SERIES>
   <NUMBER> 031
   <NAME> AMSOUTH MUTUAL FUNDS BOND FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-START>                             AUG-01-1996
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                           298739
<INVESTMENTS-AT-VALUE>                          310506
<RECEIVABLES>                                     7118
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  317624
<PAYABLE-FOR-SECURITIES>                          3986
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1757
<TOTAL-LIABILITIES>                               5743
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        300421
<SHARES-COMMON-STOCK>                            28548
<SHARES-COMMON-PRIOR>                            12598
<ACCUMULATED-NII-CURRENT>                          384
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                           691
<ACCUM-APPREC-OR-DEPREC>                         11767
<NET-ASSETS>                                    311881
<DIVIDEND-INCOME>                                   77
<INTEREST-INCOME>                                10129
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1118
<NET-INVESTMENT-INCOME>                           9088
<REALIZED-GAINS-CURRENT>                         (340)
<APPREC-INCREASE-CURRENT>                        10605
<NET-CHANGE-FROM-OPS>                            19353
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         9548
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          18995
<NUMBER-OF-SHARES-REDEEMED>                       3539
<SHARES-REINVESTED>                                494
<NET-CHANGE-IN-ASSETS>                          179144
<ACCUMULATED-NII-PRIOR>                            487
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                         140
<GROSS-ADVISORY-FEES>                              969
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1461
<AVERAGE-NET-ASSETS>                            149102
<PER-SHARE-NAV-BEGIN>                            10.54
<PER-SHARE-NII>                                   0.65
<PER-SHARE-GAIN-APPREC>                           0.42
<PER-SHARE-DIVIDEND>                              0.69
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.92
<EXPENSE-RATIO>                                   0.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832544
<NAME> AMSOUTH MUTUAL FUNDS
<SERIES>
   <NUMBER> 041
   <NAME> AMSOUTH MUTUAL FUNDS EQUITY FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-START>                             AUG-01-1996
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                           623225
<INVESTMENTS-AT-VALUE>                          975756
<RECEIVABLES>                                     2406
<ASSETS-OTHER>                                       2
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  978164
<PAYABLE-FOR-SECURITIES>                          1418
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1761
<TOTAL-LIABILITIES>                               3179
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        595954
<SHARES-COMMON-STOCK>                            41750
<SHARES-COMMON-PRIOR>                            21256
<ACCUMULATED-NII-CURRENT>                          308
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          26192
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        352531
<NET-ASSETS>                                    974985
<DIVIDEND-INCOME>                                11902
<INTEREST-INCOME>                                  113
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    4936
<NET-INVESTMENT-INCOME>                           7079
<REALIZED-GAINS-CURRENT>                         31338
<APPREC-INCREASE-CURRENT>                       151828
<NET-CHANGE-FROM-OPS>                           190245
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         7031
<DISTRIBUTIONS-OF-GAINS>                         21737
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          26434
<NUMBER-OF-SHARES-REDEEMED>                       6713
<SHARES-REINVESTED>                                773
<NET-CHANGE-IN-ASSETS>                          600363
<ACCUMULATED-NII-PRIOR>                            260
<ACCUMULATED-GAINS-PRIOR>                        16591
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             3733
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   5124
<AVERAGE-NET-ASSETS>                            466998
<PER-SHARE-NAV-BEGIN>                            17.62
<PER-SHARE-NII>                                   0.30
<PER-SHARE-GAIN-APPREC>                           6.77
<PER-SHARE-DIVIDEND>                              0.30
<PER-SHARE-DISTRIBUTIONS>                         1.04
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              23.35
<EXPENSE-RATIO>                                   1.06
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832544
<NAME> AMSOUTH MUTUAL FUNDS
<SERIES>
   <NUMBER> 051
   <NAME> AMSOUTH MUTUAL FUND REGIONAL EQUITY
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-START>                             AUG-01-1996
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                            97543
<INVESTMENTS-AT-VALUE>                          149800
<RECEIVABLES>                                      284
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  150085
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          247
<TOTAL-LIABILITIES>                                247
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         94237
<SHARES-COMMON-STOCK>                             5307
<SHARES-COMMON-PRIOR>                             4467
<ACCUMULATED-NII-CURRENT>                            4
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           3340
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         52257
<NET-ASSETS>                                    149838
<DIVIDEND-INCOME>                                 2443
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1265
<NET-INVESTMENT-INCOME>                           1178
<REALIZED-GAINS-CURRENT>                          4481
<APPREC-INCREASE-CURRENT>                        34116
<NET-CHANGE-FROM-OPS>                            39775
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1196
<DISTRIBUTIONS-OF-GAINS>                          2315
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           1439
<NUMBER-OF-SHARES-REDEEMED>                        683
<SHARES-REINVESTED>                                 84
<NET-CHANGE-IN-ASSETS>                           56254
<ACCUMULATED-NII-PRIOR>                             20
<ACCUMULATED-GAINS-PRIOR>                         1175
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              953
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1316
<AVERAGE-NET-ASSETS>                            119205
<PER-SHARE-NAV-BEGIN>                            20.95
<PER-SHARE-NII>                                   0.24
<PER-SHARE-GAIN-APPREC>                           7.77
<PER-SHARE-DIVIDEND>                              0.24
<PER-SHARE-DISTRIBUTIONS>                         0.49
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              28.23
<EXPENSE-RATIO>                                   1.06
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832544
<NAME> AMSOUTH MUTUAL FUNDS
<SERIES>
   <NUMBER> 061
   <NAME> AMSOUTH MUTUAL FUNDS LIMITED MATURITY
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-START>                             AUG-01-1996
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                           134236
<INVESTMENTS-AT-VALUE>                          136699
<RECEIVABLES>                                     2737
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  139436
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          761
<TOTAL-LIABILITIES>                                761
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        138318
<SHARES-COMMON-STOCK>                            13302
<SHARES-COMMON-PRIOR>                             4462
<ACCUMULATED-NII-CURRENT>                           33
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                          2139
<ACCUM-APPREC-OR-DEPREC>                          2463
<NET-ASSETS>                                    138675
<DIVIDEND-INCOME>                                   33
<INTEREST-INCOME>                                 3147
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     383
<NET-INVESTMENT-INCOME>                           2797
<REALIZED-GAINS-CURRENT>                         (639)
<APPREC-INCREASE-CURRENT>                         2509
<NET-CHANGE-FROM-OPS>                             4667
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         2942
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          11205
<NUMBER-OF-SHARES-REDEEMED>                       2449
<SHARES-REINVESTED>                                 84
<NET-CHANGE-IN-ASSETS>                           92670
<ACCUMULATED-NII-PRIOR>                            152
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                        1468
<GROSS-ADVISORY-FEES>                              322
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    509
<AVERAGE-NET-ASSETS>                             49480
<PER-SHARE-NAV-BEGIN>                            10.31
<PER-SHARE-NII>                                   0.58
<PER-SHARE-GAIN-APPREC>                           0.14
<PER-SHARE-DIVIDEND>                              0.61
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.42
<EXPENSE-RATIO>                                   0.77
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832544
<NAME> AMSOUTH MUTUAL FUNDS
<SERIES>
   <NUMBER> 071
   <NAME> AMSOUTH MUTUAL FUNDS TAX EXEMPT
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-START>                             AUG-01-1996
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                            82905
<INVESTMENTS-AT-VALUE>                           82905
<RECEIVABLES>                                      710
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   83616
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          261
<TOTAL-LIABILITIES>                                261
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         83357
<SHARES-COMMON-STOCK>                            27927<F1>
<SHARES-COMMON-PRIOR>                            17116<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             2
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                     83355
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 2910
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     436
<NET-INVESTMENT-INCOME>                           2474
<REALIZED-GAINS-CURRENT>                           (2)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                             2472
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          605<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                          36497<F1>
<NUMBER-OF-SHARES-REDEEMED>                      26258<F1>
<SHARES-REINVESTED>                                572<F1>
<NET-CHANGE-IN-ASSETS>                           22628
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              322
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    630
<AVERAGE-NET-ASSETS>                             20128
<PER-SHARE-NAV-BEGIN>                            1.000<F1>
<PER-SHARE-NII>                                  0.030<F1>
<PER-SHARE-GAIN-APPREC>                          0.000<F1>
<PER-SHARE-DIVIDEND>                             0.030<F1>
<PER-SHARE-DISTRIBUTIONS>                        0.000<F1>
<RETURNS-OF-CAPITAL>                             0.000<F1>
<PER-SHARE-NAV-END>                              1.000<F1>
<EXPENSE-RATIO>                                   0.62<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Classic Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832544
<NAME> AMSOUTH MUTUAL FUNDS
<SERIES>
   <NUMBER> 072
   <NAME> AMSOUTH MUTUAL FUNDS TAX EXEMPT
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-START>                             AUG-01-1996
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                            82905
<INVESTMENTS-AT-VALUE>                           82905
<RECEIVABLES>                                      710
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   83616
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          261
<TOTAL-LIABILITIES>                                261
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         83357
<SHARES-COMMON-STOCK>                            55429<F1>
<SHARES-COMMON-PRIOR>                            43611<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             2
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                     83355
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 2910
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     436
<NET-INVESTMENT-INCOME>                           2474
<REALIZED-GAINS-CURRENT>                           (2)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                             2472
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1869<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0<F1>
<NUMBER-OF-SHARES-SOLD>                         165204<F1>
<NUMBER-OF-SHARES-REDEEMED>                     153403<F1>
<SHARES-REINVESTED>                                 18<F1>
<NET-CHANGE-IN-ASSETS>                           22628
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              322
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    630
<AVERAGE-NET-ASSETS>                             20128
<PER-SHARE-NAV-BEGIN>                            1.000<F1>
<PER-SHARE-NII>                                  0.031<F1>
<PER-SHARE-GAIN-APPREC>                          0.000<F1>
<PER-SHARE-DIVIDEND>                             0.031<F1>
<PER-SHARE-DISTRIBUTIONS>                        0.000<F1>
<RETURNS-OF-CAPITAL>                             0.000<F1>
<PER-SHARE-NAV-END>                              1.000<F1>
<EXPENSE-RATIO>                                   0.52<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Premier Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832544
<NAME> AMSOUTH MUTUAL FUNDS
<SERIES>
   <NUMBER> 081
   <NAME> AMSOUTH MUTUAL FUNDS BALANCED FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-START>                             AUG-01-1996
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                           282535
<INVESTMENTS-AT-VALUE>                          370529
<RECEIVABLES>                                     3498
<ASSETS-OTHER>                                       4
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  374031
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1262
<TOTAL-LIABILITIES>                               1262
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        271394
<SHARES-COMMON-STOCK>                            24504
<SHARES-COMMON-PRIOR>                            25965
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                             102
<ACCUMULATED-NET-GAINS>                          13483
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         87994
<NET-ASSETS>                                    372769
<DIVIDEND-INCOME>                                 4868
<INTEREST-INCOME>                                11321
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    3737
<NET-INVESTMENT-INCOME>                          12452
<REALIZED-GAINS-CURRENT>                         16168
<APPREC-INCREASE-CURRENT>                        55439
<NET-CHANGE-FROM-OPS>                            84059
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        13031
<DISTRIBUTIONS-OF-GAINS>                         15072
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           5836
<NUMBER-OF-SHARES-REDEEMED>                       8820
<SHARES-REINVESTED>                               1523
<NET-CHANGE-IN-ASSETS>                           34344
<ACCUMULATED-NII-PRIOR>                            659
<ACCUMULATED-GAINS-PRIOR>                        12168
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2855
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3902
<AVERAGE-NET-ASSETS>                            357172
<PER-SHARE-NAV-BEGIN>                            13.03
<PER-SHARE-NII>                                   0.48
<PER-SHARE-GAIN-APPREC>                           2.78
<PER-SHARE-DIVIDEND>                              0.50
<PER-SHARE-DISTRIBUTIONS>                         0.58
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              15.21
<EXPENSE-RATIO>                                   1.05
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000832544
<NAME> AMSOUTH MUTUAL FUNDS
<SERIES>
   <NUMBER> 091
   <NAME> AMSOUTH MUTUAL FUNDS GOVERNMENT INCOME FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1997
<PERIOD-START>                             AUG-01-1996
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                            11386
<INVESTMENTS-AT-VALUE>                           11622
<RECEIVABLES>                                       94
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   11716
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           94
<TOTAL-LIABILITIES>                                 94
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         11938
<SHARES-COMMON-STOCK>                             1192
<SHARES-COMMON-PRIOR>                             1676
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                              62
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                           490
<ACCUM-APPREC-OR-DEPREC>                           236
<NET-ASSETS>                                     11622
<DIVIDEND-INCOME>                                   11
<INTEREST-INCOME>                                  913
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      95
<NET-INVESTMENT-INCOME>                            829
<REALIZED-GAINS-CURRENT>                            41
<APPREC-INCREASE-CURRENT>                          483
<NET-CHANGE-FROM-OPS>                             1353
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          829
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            153
<NUMBER-OF-SHARES-REDEEMED>                        680
<SHARES-REINVESTED>                                 43
<NET-CHANGE-IN-ASSETS>                          (4130)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                         592
<GROSS-ADVISORY-FEES>                               90
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    179
<AVERAGE-NET-ASSETS>                             13872
<PER-SHARE-NAV-BEGIN>                             9.40
<PER-SHARE-NII>                                   0.58
<PER-SHARE-GAIN-APPREC>                           0.35
<PER-SHARE-DIVIDEND>                              0.58
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               9.75
<EXPENSE-RATIO>                                   0.69
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

To the Shareholders and Board of Trustees of
AmSouth Mutual Funds:


In planning and  performing  our audit of the  financial  statements of AmSouth
Mutual  Funds for the year ended  July 31,  1997,  we  considered its  internal
control structure, including procedures 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 structure.

The  management of AmSouth  Mutual Funds 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 objectives of an internal control structure are to provide
management  with  reasonable,  but  not  absolute,  assurance  that  assets  are
safeguarded  against loss from  unauthorized use or disposition and 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  structure,  errors or
irregularities  may  occur  and may not 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  consideration  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 control 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
July 31, 1997.

This report is intended solely for the information and use of management and the
Securities and Exchange Commission.



/S/ COOPERS & LYBRAND L.L.P.


Columbus, Ohio
September 25, 1997



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission