<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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028 C040500 4284
028 D010500 5139
028 D020500 0
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028 D040500 1807
028 E010500 3484
028 E020500 337
028 E030500 0
028 E040500 8599
028 F010500 8933
<PAGE> PAGE 21
028 F020500 0
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028 F040500 3906
028 G010500 24706
028 G020500 654
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048 I020500 0.000
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<PAGE> PAGE 22
062 C000500 0.0
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062 H000500 0.0
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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
066 A000500 Y
066 G000500 Y
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
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 N
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 N
070 N020500 N
070 O010500 N
<PAGE> PAGE 23
070 O020500 N
070 P010500 N
070 P020500 N
071 A000500 16565
071 B000500 20119
071 C000500 198665
071 D000500 8
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072 B000500 143
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072 X000500 624
072 Y000500 127
072 Z000500 1090
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<PAGE> PAGE 24
074 H000500 0
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074 M000500 21
074 N000500 209738
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074 R040500 87
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074 U010500 11496
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076 000500 0.00
008 A000601 MICHIGAN NATIONAL BANK
008 B000601 A
008 C000601 801-0000
008 D010601 FARMINGTON HILLS
008 D020601 MA
008 D030601 48333
008 D040601 9065
024 000600 N
028 A010600 1037
028 A020600 351
028 A030600 0
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028 B010600 1777
028 B020600 340
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<PAGE> PAGE 25
028 E020600 331
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048 I020600 0.000
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048 K010600 0
<PAGE> PAGE 26
048 K020600 0.000
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 Y
053 B000600 Y
053 C000600 N
058 A000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
061 000600 1000
062 A000600 Y
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062 C000600 18.0
062 D000600 1.4
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 50.7
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062 O000600 0.0
062 P000600 28.0
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062 R000600 0.0
063 A000600 0
063 B000600 3.9
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 Y
070 B010600 N
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
<PAGE> PAGE 27
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 N
070 J020600 N
070 K010600 N
070 K020600 N
070 L010600 N
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 N
070 N020600 N
070 O010600 N
070 O020600 N
070 P010600 N
070 P020600 N
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<PAGE> PAGE 28
072AA000600 205
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008 A000701 MICHIGAN NATIONAL BANK
008 B000701 A
008 C000701 801-0000
008 D010701 FARMINGTON HILLS
008 D020701 MA
008 D030701 48333
008 D040701 9065
<PAGE> PAGE 29
024 000700 N
028 A010700 70
028 A020700 1
028 A030700 0
028 A040700 720
028 B010700 51
028 B020700 1
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<PAGE> PAGE 30
048 D020700 0.000
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049 000700 N
050 000700 N
051 000700 N
052 000700 N
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055 A000700 N
055 B000700 N
056 000700 N
057 000700 N
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<PAGE> PAGE 31
064 A000700 Y
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066 A000700 N
067 000700 N
068 A000700 N
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070 I020700 N
070 J010700 N
070 J020700 N
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070 M010700 N
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070 N010700 N
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070 O010700 N
070 O020700 N
070 P010700 N
070 P020700 N
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071 B000700 1014
071 C000700 20068
071 D000700 3
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<PAGE> PAGE 32
072 I000700 0
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<PAGE> PAGE 33
074 T000700 20386
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008 A000801 MICHIGAN NATIONAL BANK
008 B000801 A
008 C000801 801-0000
008 D010801 FARMINGTON HILLS
008 D020801 MA
008 D030801 48333
008 D040801 9065
024 000800 N
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<PAGE> PAGE 34
042 D000800 0
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<PAGE> PAGE 35
062 N000800 0.0
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070 E020800 N
070 F010800 N
070 F020800 N
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070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 N
070 J020800 N
070 K010800 N
070 K020800 N
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070 M010800 N
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<PAGE> PAGE 36
072 C000800 16
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<PAGE> PAGE 37
074 Q000800 0
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008 A000901 MICHIGAN NATIONAL BANK
008 B000901 A
008 C000901 801-0000
008 D010901 FARMINGTON
008 D020901 MA
008 D030901 48333
008 D040901 9065
024 000900 N
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<PAGE> PAGE 38
048 G010900 0
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058 A000900 N
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066 A000900 Y
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067 000900 N
068 A000900 N
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069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
<PAGE> PAGE 39
070 B020900 Y
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070 I010900 N
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070 N020900 N
070 O010900 N
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
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<PAGE> PAGE 40
072 O000900 0
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074 U010900 201110
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<PAGE> PAGE 41
074 X000900 12
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044 001000 0
SIGNATURE STEVE KEANE
TITLE GENERAL COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 0000845107
<NAME> INDEPENDENCE ONE MUTUAL FUNDS
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<NAME> INDEPENDENCE ONE U.S. TREASURY MONEY MARKET FUND
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 0000845107
<NAME> INDEPENDENCE ONE MUTUAL FUNDS
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 0000845107
<NAME> INDEPENDENCE ONE MUTUAL FUNDS
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 0000845107
<NAME> INDEPENDENCE ONE MUTUAL FUNDS
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<NAME> "INDEPENDENCE ONE PRIME MONEY MARKET FUND, CLASS B"
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 0000845107
<NAME> INDEPENDENCE ONE MUTUAL FUNDS
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<NAME> INDEPENDENCE ONE MICHIGAN MUNICIPAL MONEY MARKET FUND
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 0000845107
<NAME> INDEPENDENCE ONE MUTUAL FUNDS
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<NAME> INDEPENDENCE ONE INTERNATIONAL EQUITY FUND
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<CIK> 0000845107
<NAME> INDEPENDENCE ONE MUTUAL FUNDS
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<NAME> INDEPENDENCE ONE FIXED INCOME FUND
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<CIK> 0000845107
<NAME> INDEPENDENCE ONE MUTUAL FUNDS
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