ACHIEVEMENT FUNDS TRUST
NSAR-A, 1997-09-26
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<PAGE>      PAGE  1
000 A000000 07/31/97
000 C000000 0000844209
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 THE ACHIEVEMENT FUNDS TRUST
001 B000000 811-5712
001 C000000 8004720577
002 A000000 530 E. SWEDESFORD ROAD
002 B000000 WAYNE
002 C000000 PA
002 D010000 19087
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  7
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C020400 EQUITY FUND
007 C030400 N
007 C010500  5
007 C020500 BALANCED FUND
007 C030500 N
007 C010600  6
007 C020600 INTERMEDIATE TERM BOND FUND
007 C030600 N
007 C010700  7
007 C020700 SHORT TERM BOND FUND
007 C030700 N
007 C010800  8
007 C020800 SHORT TERM MUNICIPAL BOND FUND
007 C030800 N
007 C010900  9
007 C020900 IDAHO MUNICIPAL BOND FUND
007 C030900 N
007 C011000 10
007 C021000 MUNICIPAL BOND FUND
007 C031000 N
020 A000001 JEFFRIES & COMPANY
020 B000001 95-2622900
020 C000001     33
020 A000002 ERNST & COMPANY
020 B000002 13-3732556
<PAGE>      PAGE  2
020 C000002     17
020 A000003 FIRST BOSTON
020 B000003 13-5659485
020 C000003     16
020 A000004 BEAR STEARNS
020 B000004 13-2975144
020 C000004     11
020 A000005 COWEN & COMPANY
020 B000005 13-5616116
020 C000005      9
020 A000006 LEHMAN BROTHERS
020 B000006 13-3732556
020 C000006      4
020 A000007 DEUTSCHE BANK
020 B000007 13-2927667
020 C000007      3
020 A000008 FACTSET DATA SYSTEMS
020 B000008 14-348532
020 C000008      3
020 A000009 MONTGOMERY SECURITIES
020 B000009 94-1701676
020 C000009      3
020 A000010 SALOMON BROTHERS
020 B000010 13-3082694
020 C000010      2
021  000000      117
022 A000001 SEASONGGOD & MAYER
022 C000001      7633
022 D000001     14946
022 A000002 SMITH BARNEY
022 B000002 13-1912900
022 C000002     18950
022 D000002       999
022 A000003 PERSHING
022 B000003 13-2741729
022 C000003      4066
022 D000003     10575
022 A000004 DONALDSON, LUFKIN, & JENRETTE
022 B000004 13-1898818
022 C000004      9723
022 D000004         0
022 A000005 AUTRANET
022 B000005 13-2961507
022 C000005         0
022 D000005      7113
022 A000006 MERRILL LYNCH
022 B000006 13-5674085
022 C000006      4116
022 D000006      2486
022 A000007 ALEX BROWN & SONS
022 B000007 52-1319768
<PAGE>      PAGE  3
022 C000007      5997
022 D000007         0
022 A000008 BEAR STEARNS
022 B000008 13-2975144
022 C000008      3590
022 D000008      2006
022 A000009 PAINE WEBBER
022 B000009 13-2760086
022 C000009      5538
022 D000009         0
022 A000010 MESIROW CAPITAL INC
022 B000010 36-3194849
022 C000010      4366
022 D000010      1010
023 C000000     270754
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026 A000000 N
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026 G010000 N
026 G020000 N
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011 A000401 SEI INVESTMENTS DISTRIBUTION CO
011 B000401 8-0000
011 C010401 WAYNE
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011 C030401 19087
014 A000401 SEI INVESTMENTS DISTRIBUTION CO
014 B000401 8-0000
015 A000401 CORESTATES BANK
015 B000401 C
015 C010401 PHILADELPHIA
015 C020401 PA
015 C030401 19101
015 E010401 X
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<PAGE>      PAGE  4
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030 C000400  0.00
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033  000400      0
034  000400 N
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036 B000400      0
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043  000400      6
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058 A000400 N
059  000400 Y
060 A000400 Y
060 B000400 Y
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062 D000400   0.0
<PAGE>      PAGE  5
062 E000400   0.0
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066 A000400 Y
066 B000400 N
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066 D000400 N
066 E000400 N
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070 A010400 Y
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070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
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 N
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 N
070 L020400 N
<PAGE>      PAGE  6
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 Y
070 O020400 Y
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
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<PAGE>      PAGE  7
073 B000400   0.0000
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075 B000400   186918
076  000400     0.00
011 A000501 SEI INVESTMENTS DISTRIBUTION CO
011 B000501 8-0000
011 C010501 WAYNE
011 C020501 PA
011 C030501 19087
014 A000501 SEI INVESTMENTS DISTRIBUTION CO
014 B000501 8-0000
024  000500 Y
025 A000501 DONALDSON LUFKIN JENRETTE
025 B000501 13-1898818
025 C000501 D
025 D000501    1284
025 D000502       0
025 D000503       0
025 D000504       0
025 D000505       0
<PAGE>      PAGE  8
025 D000506       0
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028 G010500      7056
028 G020500      2004
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030 B000500  4.50
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033  000500      0
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055 A000500 N
<PAGE>      PAGE  9
055 B000500 N
056  000500 Y
057  000500 N
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
011 A000601 SEI INVESTMENTS DISTRIBUTION CO
011 B000601 8-0000
011 C010601 WAYNE
011 C020601 PA
011 C030601 19087
014 A000601 SEI INVESTMENTS DISTRIBUTION CO
014 B000601 8-0000
024  000600 Y
025 A000601 LEHMAN BROTHERS
025 B000601 13-3732556
025 C000601 D
025 D000601    1019
025 A000602 DONALDSON LUFKIN JENRETTE
025 B000602 13-1898818
025 C000602 D
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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011 A000701 SEI INVESTMENTS DISTRIBUTION CO
011 B000701 8-0000
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014 A000701 SEI INVESTMENTS DISTRIBUTION CO
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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011 A000801 SEI INVESTMENTS DISTRIBUTION CO
011 B000801 8-0000
011 C010801 WAYNE
011 C020801 PA
011 C030801 19087
014 A000801 SEI INVESTMENTS DISTRIBUTION CO
014 B000801 8-0000
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
062 P000800   0.0
062 Q000800   0.0
062 R000800   0.0
063 A000800   0
063 B000800  2.8
064 A000800 Y
064 B000800 N
066 A000800 N
067  000800 N
068 A000800 N
068 B000800 N
069  000800 N
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071 C000800     20431
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<PAGE>      PAGE  20
073 B000800   0.0000
073 C000800   0.0000
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074 F000800        0
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074 H000800        0
074 I000800        0
074 J000800        0
074 K000800        0
074 L000800        0
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074 N000800    20524
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074 P000800        0
074 Q000800        0
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074 R020800        0
074 R030800        0
074 R040800        0
074 S000800        0
074 T000800    20524
074 U010800     2008
074 U020800       24
074 V010800    10.10
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074 W000800   0.0000
074 X000800       13
074 Y000800        0
075 A000800        0
075 B000800    83408
076  000800     0.00
011 A000901 SEI INVESTMENTS DISTRIBUTION CO
011 B000901 8-0000
011 C010901 WAYNE
011 C020901 PA
011 C030901 19087
014 A000901 SEI INVESTMENTS DISTRIBUTION CO
014 B000901 8-0000
024  000900 N
028 A010900      1500
028 A020900        19
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028 B010900      3445
028 B020900        25
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<PAGE>      PAGE  21
028 C010900       922
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031 B000900      0
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042 B000900   0
042 C000900   0
042 D000900   0
042 E000900   0
042 F000900   0
042 G000900   0
042 H000900 100
043  000900      0
044  000900      0
055 A000900 N
055 B000900 N
056  000900 Y
057  000900 N
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<PAGE>      PAGE  22
062 F000900   0.0
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062 P000900   0.0
062 Q000900   0.0
062 R000900   0.0
063 A000900   0
063 B000900 15.0
064 A000900 Y
064 B000900 N
070 A010900 N
070 A020900 N
070 B010900 N
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 N
070 J020900 N
070 K010900 Y
070 K020900 Y
070 L010900 N
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 N
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
<PAGE>      PAGE  23
070 R010900 N
070 R020900 N
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<PAGE>      PAGE  24
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011 A001001 SEI INVESTMENTS DISTRIBUTION CO
011 B001001 8-0000
011 C011001 WAYNE
011 C021001 PA
011 C031001 19087
014 A001001 SEI INVESTMENTS DISTRIBUTION CO
014 B001001 8-0000
024  001000 N
028 A011000      3194
028 A021000        18
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028 A041000       803
028 B011000      4745
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<PAGE>      PAGE  25
028 E031000         0
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030 C001000  0.00
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034  001000 N
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062 L001000   4.7
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<PAGE>      PAGE  26
063 B001000 20.3
064 A001000 Y
064 B001000 N
066 A001000 N
067  001000 N
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068 B001000 N
069  001000 N
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<PAGE>      PAGE  27
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SIGNATURE   STEPHEN MEYER                                
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000844209
<NAME> THE ACHIEVEMENT FUNDS
<SERIES>
   <NUMBER> 040
   <NAME> EQUITY FUND INSTITUTIONAL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000844209
<NAME> THE ACHIEVEMENT FUNDS
<SERIES>
   <NUMBER> 041
   <NAME> EQUITY FUND RETAIL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000844209
<NAME> THE ACHIEVEMENT FUNDS
<SERIES>
   <NUMBER> 050
   <NAME> BALANCED FUND INSTITUTIONAL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000844209
<NAME> THE ACHIEVEMENT FUNDS
<SERIES>
   <NUMBER> 051
   <NAME> BALANCED FUND RETAIL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000844209
<NAME> THE ACHIEVEMENT FUNDS
<SERIES>
   <NUMBER> 060
   <NAME> INTERMEDIATE TERM BOND FUND INSTITUTIONAL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-1998
<PERIOD-START>                             FEB-01-1997
<PERIOD-END>                               JUL-31-1997
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<INVESTMENTS-AT-VALUE>                          146398
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                    2062
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<SHARES-COMMON-PRIOR>                            12986
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<ACCUMULATED-NET-GAINS>                         (2421)
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<ACCUM-APPREC-OR-DEPREC>                          1713
<NET-ASSETS>                                    148460
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 4776
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     526
<NET-INVESTMENT-INCOME>                           4250
<REALIZED-GAINS-CURRENT>                         (254)
<APPREC-INCREASE-CURRENT>                         2054
<NET-CHANGE-FROM-OPS>                             6050
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         4178
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          21816
<NUMBER-OF-SHARES-REDEEMED>                      12846
<SHARES-REINVESTED>                                769
<NET-CHANGE-IN-ASSETS>                           11085
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              419
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    631
<AVERAGE-NET-ASSETS>                            138295
<PER-SHARE-NAV-BEGIN>                            10.37
<PER-SHARE-NII>                                    .31
<PER-SHARE-GAIN-APPREC>                            .13
<PER-SHARE-DIVIDEND>                               .31
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.50
<EXPENSE-RATIO>                                    .75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000844209
<NAME> THE ACHIEVEMENT FUNDS
<SERIES>
   <NUMBER> 061
   <NAME> INTERMEDIATE TERM BOND FUND RETAIL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-1998
<PERIOD-START>                             FEB-01-1997
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                           144685
<INVESTMENTS-AT-VALUE>                          146398
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                    2062
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  148460
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          2271
<SHARES-COMMON-STOCK>                              218
<SHARES-COMMON-PRIOR>                              263
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (2421)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          1713
<NET-ASSETS>                                    148460
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 4776
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     526
<NET-INVESTMENT-INCOME>                           4250
<REALIZED-GAINS-CURRENT>                         (254)
<APPREC-INCREASE-CURRENT>                         2054
<NET-CHANGE-FROM-OPS>                             6050
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           72
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             80
<NUMBER-OF-SHARES-REDEEMED>                        601
<SHARES-REINVESTED>                                 67
<NET-CHANGE-IN-ASSETS>                           11085
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              419
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    631
<AVERAGE-NET-ASSETS>                              2471
<PER-SHARE-NAV-BEGIN>                            10.40
<PER-SHARE-NII>                                    .30
<PER-SHARE-GAIN-APPREC>                            .13
<PER-SHARE-DIVIDEND>                               .30
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.53
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000844209
<NAME> THE ACHIEVEMENT FUNDS
<SERIES>
   <NUMBER> 070
   <NAME> SHORT TERM BOND FUND INSTITUTIONAL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-1998
<PERIOD-START>                             FEB-01-1997
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                            53434
<INVESTMENTS-AT-VALUE>                           53428
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                     538
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   53966
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         56059
<SHARES-COMMON-STOCK>                             5370
<SHARES-COMMON-PRIOR>                             6528
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (2223)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           (6)
<NET-ASSETS>                                     53966
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 2000
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     231
<NET-INVESTMENT-INCOME>                           1769
<REALIZED-GAINS-CURRENT>                         (148)
<APPREC-INCREASE-CURRENT>                          206
<NET-CHANGE-FROM-OPS>                             1827
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1761
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           7433
<NUMBER-OF-SHARES-REDEEMED>                      19561
<SHARES-REINVESTED>                                573
<NET-CHANGE-IN-ASSETS>                         (11805)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              184
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    293
<AVERAGE-NET-ASSETS>                             61635
<PER-SHARE-NAV-BEGIN>                            10.01
<PER-SHARE-NII>                                    .28
<PER-SHARE-GAIN-APPREC>                            .01
<PER-SHARE-DIVIDEND>                               .28
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.02
<EXPENSE-RATIO>                                    .75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000844209
<NAME> THE ACHIEVEMENT FUNDS
<SERIES>
   <NUMBER> 071
   <NAME> SHORT TERM BOND FUND RETAIL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-1998
<PERIOD-START>                             FEB-01-1997
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                            53434
<INVESTMENTS-AT-VALUE>                           53428
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                     538
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   53966
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                           136
<SHARES-COMMON-STOCK>                               13
<SHARES-COMMON-PRIOR>                               44
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (2223)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           (6)
<NET-ASSETS>                                     53966
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 2000
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     231
<NET-INVESTMENT-INCOME>                           1769
<REALIZED-GAINS-CURRENT>                         (148)
<APPREC-INCREASE-CURRENT>                          206
<NET-CHANGE-FROM-OPS>                             1827
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            8
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             30
<NUMBER-OF-SHARES-REDEEMED>                        342
<SHARES-REINVESTED>                                  4
<NET-CHANGE-IN-ASSETS>                         (11805)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              184
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    293
<AVERAGE-NET-ASSETS>                               298
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                    .27
<PER-SHARE-GAIN-APPREC>                            .02
<PER-SHARE-DIVIDEND>                               .27
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.02
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000844209
<NAME> THE ACHIEVEMENT FUNDS
<SERIES>
   <NUMBER> 080
   <NAME> SHORT TERM MUNICIPAL BOND FUND INSTITUTIONAL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-1998
<PERIOD-START>                             FEB-01-1997
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                            20164
<INVESTMENTS-AT-VALUE>                           20299
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                     225
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   20524
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         20013
<SHARES-COMMON-STOCK>                             2008
<SHARES-COMMON-PRIOR>                             2167
<ACCUMULATED-NII-CURRENT>                           16
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            118
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           135
<NET-ASSETS>                                     20524
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  479
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      79
<NET-INVESTMENT-INCOME>                            400
<REALIZED-GAINS-CURRENT>                            47
<APPREC-INCREASE-CURRENT>                          (9)
<NET-CHANGE-FROM-OPS>                              438
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          397
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           1488
<NUMBER-OF-SHARES-REDEEMED>                       3090
<SHARES-REINVESTED>                                  4
<NET-CHANGE-IN-ASSETS>                          (1550)
<ACCUMULATED-NII-PRIOR>                             17
<ACCUMULATED-GAINS-PRIOR>                           70
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    153
<AVERAGE-NET-ASSETS>                             20941
<PER-SHARE-NAV-BEGIN>                            10.03
<PER-SHARE-NII>                                    .19
<PER-SHARE-GAIN-APPREC>                            .02
<PER-SHARE-DIVIDEND>                               .19
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.10
<EXPENSE-RATIO>                                    .75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000844209
<NAME> THE ACHIEVEMENT FUNDS
<SERIES>
   <NUMBER> 081
   <NAME> SHORT TERM MUNICIPAL BOND FUND RETAIL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-1998
<PERIOD-START>                             FEB-01-1997
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                            20164
<INVESTMENTS-AT-VALUE>                           20299
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                     225
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   20524
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                           242
<SHARES-COMMON-STOCK>                               24
<SHARES-COMMON-PRIOR>                               23
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<ACCUMULATED-NET-GAINS>                            118
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           135
<NET-ASSETS>                                     20524
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  479
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      79
<NET-INVESTMENT-INCOME>                            400
<REALIZED-GAINS-CURRENT>                            47
<APPREC-INCREASE-CURRENT>                          (9)
<NET-CHANGE-FROM-OPS>                              438
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            4
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                             46
<NUMBER-OF-SHARES-REDEEMED>                         39
<SHARES-REINVESTED>                                  4
<NET-CHANGE-IN-ASSETS>                          (1550)
<ACCUMULATED-NII-PRIOR>                             17
<ACCUMULATED-GAINS-PRIOR>                           70
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    153
<AVERAGE-NET-ASSETS>                               236
<PER-SHARE-NAV-BEGIN>                            10.10
<PER-SHARE-NII>                                    .18
<PER-SHARE-GAIN-APPREC>                            .02
<PER-SHARE-DIVIDEND>                               .18
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.12
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000844209
<NAME> THE ACHIEVEMENT FUNDS
<SERIES>
   <NUMBER> 090
   <NAME> IDAHO MUNICIPAL BOND INSTITUTIONAL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-1998
<PERIOD-START>                             FEB-01-1997
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                            34122
<INVESTMENTS-AT-VALUE>                           35577
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                      30
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   35607
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         24478
<SHARES-COMMON-STOCK>                             2398
<SHARES-COMMON-PRIOR>                             2641
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<ACCUMULATED-NET-GAINS>                             94
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          1455
<NET-ASSETS>                                     35607
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                  895
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     138
<NET-INVESTMENT-INCOME>                            757
<REALIZED-GAINS-CURRENT>                            15
<APPREC-INCREASE-CURRENT>                         1085
<NET-CHANGE-FROM-OPS>                             1857
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          574
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                           2622
<NUMBER-OF-SHARES-REDEEMED>                       5157
<SHARES-REINVESTED>                                 14
<NET-CHANGE-IN-ASSETS>                            2645
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                           79
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    203
<AVERAGE-NET-ASSETS>                             25553
<PER-SHARE-NAV-BEGIN>                            10.41
<PER-SHARE-NII>                                    .23
<PER-SHARE-GAIN-APPREC>                            .32
<PER-SHARE-DIVIDEND>                               .23
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.73
<EXPENSE-RATIO>                                    .75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000844209
<NAME> THE ACHIEVEMENT FUNDS
<SERIES>
   <NUMBER> 091
   <NAME> IDAHO MUNICIPAL BOND RETAIL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-1998
<PERIOD-START>                             FEB-01-1997
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                            34122
<INVESTMENTS-AT-VALUE>                           35577
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<SENIOR-LONG-TERM-DEBT>                              0
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          9580
<SHARES-COMMON-STOCK>                              916
<SHARES-COMMON-PRIOR>                              524
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<REALIZED-GAINS-CURRENT>                            15
<APPREC-INCREASE-CURRENT>                         1085
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<NUMBER-OF-SHARES-SOLD>                           4618
<NUMBER-OF-SHARES-REDEEMED>                        720
<SHARES-REINVESTED>                                168
<NET-CHANGE-IN-ASSETS>                            2645
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                           79
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    203
<AVERAGE-NET-ASSETS>                              8666
<PER-SHARE-NAV-BEGIN>                            10.44
<PER-SHARE-NII>                                    .22
<PER-SHARE-GAIN-APPREC>                            .33
<PER-SHARE-DIVIDEND>                               .22
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.77
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000844209
<NAME> THE ACHIEVEMENT FUNDS
<SERIES>
   <NUMBER> 100
   <NAME> MUNICIPAL BOND FUND INSTITUTIONAL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-1998
<PERIOD-START>                             FEB-01-1997
<PERIOD-END>                               JUL-31-1997
<INVESTMENTS-AT-COST>                            69873
<INVESTMENTS-AT-VALUE>                           71659
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<ASSETS-OTHER>                                       0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000844209
<NAME> THE ACHIEVEMENT FUNDS
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   <NUMBER> 101
   <NAME> MUNICIPAL BOND FUND RETAIL CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
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</TABLE>


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