<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 5
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 14
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SIGNATURE STEPHEN MEYER
TITLE TREASURER
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<NAME> ACHIEVEMENT
<SERIES>
<NUMBER> 090
<NAME> IDAHO MUNICIPAL INSTITUTIONAL CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JAN-31-1998
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<SHARES-COMMON-STOCK> 2412
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<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
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<DIVIDEND-INCOME> 0
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<NET-INVESTMENT-INCOME> 1517
<REALIZED-GAINS-CURRENT> 70
<APPREC-INCREASE-CURRENT> 1413
<NET-CHANGE-FROM-OPS> 3000
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1132
<DISTRIBUTIONS-OF-GAINS> 90
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5810
<NUMBER-OF-SHARES-REDEEMED> 8204
<SHARES-REINVESTED> 24
<NET-CHANGE-IN-ASSETS> (2370)
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<PER-SHARE-NAV-BEGIN> 10.41
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000844209
<NAME> ACHIEVEMENT
<SERIES>
<NUMBER> 091
<NAME> IDAHO MUNICIPAL RETAIL CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JAN-31-1998
<PERIOD-START> FEB-01-1997
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<SHARES-COMMON-STOCK> 856
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<ACCUMULATED-NET-GAINS> 25
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1783
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<DIVIDEND-INCOME> 0
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<EXPENSES-NET> 280
<NET-INVESTMENT-INCOME> 1517
<REALIZED-GAINS-CURRENT> 70
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<NUMBER-OF-SHARES-SOLD> 4939
<NUMBER-OF-SHARES-REDEEMED> 1901
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<NET-CHANGE-IN-ASSETS> 3423
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000844209
<NAME> ACHIEVEMENT
<SERIES>
<NUMBER> 100
<NAME> MUNICIPAL BOND INSTITUTIONAL CLASS
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JAN-31-1998
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000844209
<NAME> ACHIEVEMENT
<SERIES>
<NUMBER> 101
<NAME> MUNICIPAL BOND RETAIL CLASS
<MULTIPLIER> 1000
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</TABLE>
INDEPENDENT AUDITORS' REPORT
The Board of Trustees of The Achievement Funds Trust:
In planning and performing our audits of the financial statements
of The Achievement Funds Trust (the "Trust"), including the
Equity Fund, Balanced Fund, Intermediate Term Bond Fund,
Short Term Bond Fund, Short Term Municipal Bond Fund, Idaho
Municipal Bond Fund, and Municipal Bond Fund for the year
ended January 31, 1998 (on which we have issued our report dated
March 20, 1998), we considered its internal control, including
control activities 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, and not to provide assurance on the Trust's
internal control.
The management of the Trust is responsible for establishing and
maintaining internal control. In fulfilling this responsibility,
estimates and judgments by management are required to assess
the expected benefits and related costs of controls. Generally, controls
that are relevant to an audit pertain to the entity's objective of
preparing financial statements for external purposes that are fairly
presented in conformity with generally accepted accounting principles.
Those controls include the safeguarding of assets against
unauthorized acquisition, use, or disposition.
Because of inherent limitations in any internal control, errors or
fraud may occur and not be detected. Also, projection of any evaluation
of internal control 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 Trust's internal control would not necessarily
disclose all matters in internal control 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 one or more of the internal control components does
not reduce to a relatively low level the risk that errors or fraud 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 Trust's internal control
and its operation, including controls for safeguarding securities, that
we consider to be material weaknesses as defined above as of January
31, 1998.
The report is intended solely for the information and use of
management, the Board of Trustees of The Achievement Funds
Trust, and the Securities and Exchange Commission.
DELOITTE & TOUCHE LLP
March 20, 1998
