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<PAGE> PAGE 14
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<PAGE> PAGE 17
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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008 A001101 NASL FINANCIAL SERVICES, INC.
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<PAGE> PAGE 41
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048 I021100 0.000
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048 K011100 500000
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050 001100 N
051 001100 N
052 001100 N
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053 B001100 Y
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<PAGE> PAGE 42
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062 H001100 0.0
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062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 96.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
063 A001100 0
063 B001100 20.9
064 A001100 N
064 B001100 N
066 A001100 N
067 001100 N
068 A001100 N
068 B001100 N
069 001100 N
070 A011100 Y
070 A021100 N
070 B011100 N
070 B021100 N
070 C011100 N
070 C021100 N
070 D011100 N
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 N
070 F021100 N
070 G011100 N
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 N
070 L021100 N
070 M011100 N
070 M021100 N
070 N011100 Y
<PAGE> PAGE 43
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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050 001200 N
051 001200 N
052 001200 N
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053 B001200 Y
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066 A001200 N
067 001200 N
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070 A021200 N
070 B011200 N
070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
<PAGE> PAGE 47
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 N
070 L021200 N
070 M011200 N
070 M021200 N
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070 P011200 N
070 P021200 N
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<PAGE> PAGE 48
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008 A001301 NASL FINANCIAL SERVICES, INC.
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<PAGE> PAGE 49
008 D031301 02116
008 A001302 SALOMON BROTHERS ASSET MANAGEMENT
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008 C001302 801-32046
008 D011302 NEW YORK
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015 A001301 STATE STREET BANK AND TRUST COMPANY
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<PAGE> PAGE 50
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050 001300 N
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<PAGE> PAGE 51
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070 F021300 N
070 G011300 N
070 G021300 N
070 H011300 N
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 N
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070 Q021300 N
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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008 A001401 NASL FINANCIAL SERVICES, INC.
008 B001401 A
008 C001401 801-833102
008 D011401 BOSTON
008 D021401 MA
008 D031401 02116
008 A001402 J.P. MORGAN INVESTMENT MANAGEMENT INC.
008 B001402 S
008 C001402 801-000000
008 D011402 NEW YORK
008 D021402 NY
008 D031402 10036
015 A001401 STATE STREET BANK AND TRUST COMPANY
015 B001401 C
015 C011401 BOSTON
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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<PAGE> PAGE 56
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<PAGE> PAGE 57
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SIGNATURE RICHARD HIRTLE
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS ANNUAL REPORT DATED OCTOBER 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 011
<NAME> GROWTH FUND
<MULTIPLIER> 1
<S> <C>
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<INVESTMENTS-AT-VALUE> 125,841,142
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<SHARES-COMMON-STOCK> 1,381,954
<SHARES-COMMON-PRIOR> 1,104,310
<ACCUMULATED-NII-CURRENT> 322,091
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 10,211,913
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,991,501
<NET-ASSETS> 125,618,971
<DIVIDEND-INCOME> 1,548,021
<INTEREST-INCOME> 771,583
<OTHER-INCOME> 0
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<NET-INVESTMENT-INCOME> 281,091
<REALIZED-GAINS-CURRENT> 10,219,108
<APPREC-INCREASE-CURRENT> 3,234,064
<NET-CHANGE-FROM-OPS> 13,734,263
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<DISTRIBUTIONS-OF-INCOME> 0
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<ACCUMULATED-NII-PRIOR> (334,304)
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<PER-SHARE-NAV-BEGIN> 14.78
<PER-SHARE-NII> .12
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS ANNUAL REPORT DATED OCTOBER 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 012
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